_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp

 - 10-12 1300 Report.xls


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/13/2000
02:03 PM ---------------------------

Sheridan Titman <titman@mail.utexas.edu> on 02/29/2000 05:29:19 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: this and that

Hi Vince:

 I haven't talked to you in a while and wanted to touch base with you on a
couple of issues.

1. Is there someone at Enron who would be interested in speaking to our
MBAs about real options? Jim Dyer from our management science group is
interested in having someone for his decision analysis class this spring.
Also, I am thinking about having a panel discussion in the Fall on
valuation issues.

2. I recently received a phone call from the editor of the Journal of
Applied Corporate Finance, which is a practioner journal sponsored by the
Bank of America and Stern Stewart which is distributed to academics and
major corporations.  They are doing a special issue on Energy and are
interested in an article on how energy derivatives are used for risk
management.  Are you aware of anyone from Enron who has written such an
article?

3. Last fall when you visited us at UT we discussed the possibility of
giving lectures to Enron employees on valuation.  Ehud and I sent you a
proposal but didn't get a response.  Is there still an interest in this.

4. Murray Carlson and I are developing a general equilibrium model that we
think is potentially useful for valuing oil and gas derivatives as well as
real investments.  If you think this approach might be potentially useful
for Enron, we would be interested in presenting our model to your research
group.

I look forward to hearing from you soon.

Best regards,

Sheridan
Sheridan Titman
Department of Finance
College of Business Administration
University of Texas
Austin, Texas 78712-1179

512-232-2787 (phone)
512-471-5073 (fax)

titman@mail.utexas.edu


Chris,

Please take a look at the attached language and forward it to Stacey for her
comments.

Thanks,

Kevin

Chris Walker
03/27/2001 12:07 PM
To: Stacy E Dickson/HOU/ECT@ECT
cc: Kevin Ruscitti/HOU/ECT@ECT
Subject: Secondary firm delivery

Stacy,

Kevin Ruscitti has requested a secondary firm ANR ML7 phy gas product for
EOL.  I have located some language that you and Dale worked on back in May of
2000.  Please let me know if this language will be OK for our needs.  Also,
will the current GTC for Phy gas need to be revised in any way?

Thanks,

CW
3-7533

A US Gas Transaction with Enron North America Corp., under which Seller shall
sell and Buyer shall purchase a quantity of natural gas equal to the Daily
Contract Quantity at the Contract Price on a secondary firm basis. The
Contract Price shall be as submitted by Counterparty via the Website.  The
Period of Delivery shall be from the Effective Date through the Termination
Date.
The term of the Transaction shall correspond to the date(s) set forth in the
Product description on the Website.
The transaction is for delivery at the ANR Pipeline Company ML7
interconnect.  The volumes scheduled to be delivered are subject to
reductions due to normal operational constraints on the ANR  Pipeline Company
pipelines based upon historical operating conditions.  The reductions caused
by these constraints are excused nonperformance and are not considered a
failure to receive or deliver firm gas.  In the event that the volumes
scheduled are reduced due to such normal operational constraints, Buyer may
designate a secondary firm delivery location.
The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be millions of
British thermal units and the quantity shown shall be in millions of BTUs per
day.


do you have your resume to email me again.  i can't remember where i saved
it.


[IMAGE][IMAGE]   [IMAGE]
 [IMAGE]   Home    [IMAGE]    Go to    [IMAGE]    Events     BulletinBoard    Newsletter    Geological Guide    Contracting Guide      [IMAGE] Procurement Guide    Noticias- Petroleo.com News  Spanish     IESA Macroeconomic Data Base     [IMAGE] Venezuela Central Bank Economic Indicators     Petroleumworld Business Partners:     [IMAGE]      [IMAGE]      [IMAGE]   	   "); document.write (mesn[fecha.getMonth()+1]+", "+fecha.getDate()+" "+fecha.getYear()); document.write ("");   Octubre, 29 2001     Petroleumworld Weekly Review Oct. 21-Oct. 28  Petroleumworld.com for the lastest daily news  [IMAGE]  OPEC's Rodriguez: Must act "quickly" to support prices  [IMAGE]  By Elio Ohep PETROLEUMWORLD Caracas, Oct. 24 - story   Saudi Min: Absolutely willing to defend $25/bbl target  [IMAGE] PETROLEUMWORLD Caracas, Oct. 27 - story    Venezuela's Hamaca project on early production  [IMAGE] By Elio Ohep PETROLEUMWORLD Caracas, Oct. 27- story   Venezuela's Chavez: Mexico to align itself with OPEC bid to halt oil price drop [IMAGE] Mexico's President Vicente Fox PETROLEUMWORLD Caracas, Oct. 27- story    OPEC faces key meetings in fight to keep oil prices up [IMAGE] PETROLEUMWORLD Caracas, Oct. 26 - story   Chavez to discuss proposed oil production cuts in Mexico [IMAGE] PETROLEUMWORLD Caracas, Oct. 26 - story    Venezuela's Chavez proposes 1 Mln b/d OPEC output cut [IMAGE] PETROLEUMWORLD Caracas, Oct. 26 - story   OPEC faces key meetings in fight to keep oil prices up [IMAGE] PETROLEUMWORLD Caracas, Oct. 25 - story   Brazil's oil output down 70% due to oil workers strike [IMAGE] By Elio Ohep PETROLEUMWORLD Caracas, Oct. 25 - story   Pluspetrol outlines LatAm gas ambitions [IMAGE] PETROLEUMWORLD Caracas, Oct. 24 - story   OPEC Gulf Source: No output decision before Nov 14 mtg  [IMAGE] PETROLEUMWORLD Caracas, Oct. 24 - story     Saudi Arabia pushing to cut output without Non-OPEC Help [IMAGE] PETROLEUMWORLD Caracas, Oct. 24 - story    OPEC output cut before Nov 14 not ruled out: Gulf sources [IMAGE] PETROLEUMWORLD Caracas, Oct. 24 - story    Chavez warns of oil price war if non-OPEC does not toe line [IMAGE]Venezuela's President Hugo Chavez PETROLEUMWORLD Caracas, Oct. 23 .- ! story    Brazil's Petrobras TBG to expand Bolivia pipeline [IMAGE] PETROLEUMWORLD Caracas, Oct. 23 - story    Venezuela's PDVSA to open gas stations in Argentina & Brazil [IMAGE] PETROLEUMWORLD Caracas, Oct. 23 - story    Venezuela's Chavez: OPEC should cut production "as soon as possible" [IMAGE]Venezuela's President Hugo Chavez PETROLEUMWORLD Caracas, Oct. 22 - Oct. 22-story   Russia rules out oil cuts despite Venezuela's Chavez pressure Photo: The Moscow Times [IMAGE]Red Square in early March PETROLEUMWORLD Caracas, Oct. 22 -story         [IMAGE]    This week top ISSUES... Inside, confidential and off the record  Diplomatic gossip - full story  Oct. 26   A new PDVSA 's CEO - full story  Oct. 27   Putin say no! - full story  Oct.25   GDVSA impossible to justify - full story  Oct. 24   More...  To read all ISSUES...  articles please  click here       Prices Oct. 26 Update: Oct .28/12:30 GMT/08:30 ET   IPEBrent Spot 10/26 versus 10/19 $21.40 +.54      WTI   Cushing Spot 10/25 versus 10/18   $ 21.83 +.50     IPE Brent  Futures Front Month  10/26 versus 10/19   $21.02 -.73   WTI Nymex  FOB Cushing Front Month 10/26 versus 10/19   $22.03 +.20    Venezuela oil Basket     $ 16.62 week  Oct. 26 vs $ 16.07 prev.week   Opec Crude oil basket     $ 19.09 week Oct.26 vs.$ 18.99 prev.week    See more information and graphs in : www.petroleumworld.com     [IMAGE]    OPINION  Oil producers fall out as oil prices slump -Oct. 27-story    Lower oil prices are Russia's friends Oct. 24-story    America's Pipe Dream War and Oil Oct. 24-story    Terror crisis cuts short price joy of Mideast oil heavyweights Oct. 24-story    Previous Opinion  articles     FOCUS-ANALYSIS-RISKWATCH  The Great Gas Game Who will run Caspian natural gas through Afghanistan? - Oct. 26-story     Shares of Enron Plummet 21% Oct. 24-story   Previous focus- analysis-interviews    II OPEC summit stories   The Sunday's Petroleumworld Opinion Forum: viewpoints in oil & international politics.  Venezuela's CH?VEZ JOURNEYS THE WORLD  Illustration: TalCual [IMAGE] Venezuela's President Hugo Chavez arriving after a world's periplo  By Democracy & Development Venezuela Today PETROLEUMWORLD Caracas, Oct. 28 - Full story    Previous Sunday opinion forum articles   Sunday's Feature  The New War Against Terror [IMAGE] By Noam Chomsky PETROLEUMWORLD Caracas, Oct. 28 - story   Previous articles    Saturday's INTERVIEW  Guisti sees "Flat" oil prices into early '02 [IMAGE] PETROLEUMWORLD Caracas, Oct. 27 - story  Previous Saturday's interviews     EVENTS  Saudi's Naimi: Conference to discuss Saudi oil, gas in November - Oct. 26-story   [IMAGE]  Sponsoring commercial meetings in Santo Domingo Full story    Previous Events   THEMES  THE BOSS  Black Gold's Calling Card -Oct. 24 - story   Previous Themes     SOCIAL ROLE OF BUSINESS  Building Social Capital SEMINAR   PETROLEUMWORLD Caracas, Oct. 28 - story     PETROZUATA active in health responsability  [IMAGE] PETROLEUMWORLD Caracas, Oct. 28 - story    Drilling Contractors: IADC Houston Chapter gives $16,000 to NY firefighter family fund - story   Previous stories     ENVIROMENT  Venezuelan authorities struggled with Cano Limon oil spill - Oct. 25-story    Previous stories   TECNOLOGY  Parker, Pluspetrol Sign Camisea Contract - Oct. 25-story   Previous stories    To received PetroleumworldWeekly Review click to suscribe     For daily Energy, Oil & Gas information www.petroleumworld.com   If you do not want to received this newsletter, or if you want to make some comments or suggestions,  please send us a reply message   [IMAGE]   From The Editor    Welcome  to our  weekly newsletterpetroleumworld.com   Weekly Review   Just to remind you  about  the best in Venezuela's  Petroleumworld.com   Our  Portal  Site changes its information at least  twice a day usually  around 12:00-15:00 hrs. and  22:00-24:00 GMT  PreviousNewsletters     [IMAGE]   Click for a spanish copy of the   [IMAGE]   Venezuelan Hydrocarbons Law Draft  Unofficialenglish version   for commentaries to the draft: revision @leydehidrocarburos. gov.ve  The secretary of the committee evaluating the draft is Joaquin Parra Director at MEM Telephone: 507 5222 Fax: 575 2964  E-mail: japarra@mem.com.ve  [IMAGE] Venezuela's Oil Chamber Hydrocarbons Law Draft  Comments  &  Suggestions Spanish   [IMAGE]See all Petroleumworld oil law stories    [IMAGE]    [IMAGE]    Alianza Empresarial Petrolera   To promote  & develop  the Venezuelan industry  in the petroleum  sector     [IMAGE]   Venezuela's Executive Association   More information     Letters  If you have  anything in your mind about the oil business let us  know about  it  letters  are  welcome editor@petroleumworld.com     Tips...  From our Friends  [IMAGE]  Offers reduced  mileage award levels for travel Story    [IMAGE]   RIP de Venezuela C.A.  Rip de Venezuela  is one of  the oldest  and reputable  Venezuelan Trading company  in forged steel, stanless steel valves  and fittings,  tube fittings  and  stanless steel pipes.  RIP offers a wide range of products to  ANSI standards,  designed for the Chemical  and Petrochemical,  oil, gases  and  steam industries.  ripvenezuela.com.ve      [IMAGE]   [IMAGE]Sept News        [IMAGE]     [IMAGE]   Check out The  New Services    [IMAGE]     [IMAGE]    [IMAGE]    The abc  of the Legal Regime  of the Oil Industry  in Venezuela   Araque Reyna Sosa Viso & Pittier      [IMAGE]  Venezuela   Onshore  Geotechnical   Marine Geotechnical   Marine Survey      [IMAGE]   Articles  by  Francisco Monaldi Mas  Francisco Monaldi    Francisco Monaldi M. Punto deencuentro Punto dedesencuentro      LE PETIT  BISTROT  THE  JACQUES French Bistrot  Caracas Reservations: 266 0321/ 263 8695  Happy Hour 5-8 PM /M-F And  Le BISTROT  Express a culinary experience,  for your home.  Click for menu    [IMAGE]   PETROZUATA ACTIVE IN HEALTH RESPONSIBILITY  [IMAGE]   Cuarta jornada de vacunaci?n  PETROZUATA CONTRIBUYE A LA SALUD  story     [IMAGE]Click     [IMAGE]   Building  Social Capital    October 30 Caracas Hilton  Hotel  8:30 a.m - 12:00 p.m - 2:00 p-m - 4:30 p.m   Leonor Esguerra Portocarrero   V?ctor Gu?dez.  PDVSA. CIED   Luis Pedro Espa?a. UCAB.  Gerber Torres.  Leadership and Vision   Michael Warner  Banco Mundial  Natalja Altermark Statoil   For information, VenAmCham,  263.0833 Contact:  Daniela Yanes  [IMAGE]

		TOP   www.petroleumworld.com - Publisher/Editor/Producer - Elio C. Ohep A. CopyRight ? 2000, Elio C.Ohep A.- All rights reserved . Legal Information . To contact us: editor@petroleumworld.com  /phone: 58 212 286 57 62

Get your FREE download of MSN Explorer at http://explorer.msn.com


The games continue in California.

The date of suspension now being considered in 83xx is July 12.  We are still
working (1) to define this in a way that is favorable to getting our recent
DASR group authorized for DA service or (2) supporting some other solution.

Will keep everyone informed as information comes in.

By the way, I've asked Evan Hughes for a detailed listing of how moving the
date impacts our success ratio.

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 07/18/2001
03:43 PM ---------------------------
From: Harry Kingerski/ENRON@enronXgate on 07/18/2001 11:47 AM
To: Kevin Keeney/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Marty
Sunde/HOU/EES@EES, Bert Frazier/ENRON@enronXgate, Lamar Frazier/HOU/EES@EES,
Don Black/HOU/EES@EES, James W Lewis/HOU/EES@EES, Dennis Benevides/HOU/EES@EES
cc: James D Steffes/NA/Enron@Enron

Subject: FW: California Update--0717.01

Both 82XX and 83XX are to be discussed in committee today.  Significantly, an
amendment that is expected to be included in 82XX would establish July 12 as
the start date for when the PUC may not authorize any new or replacement
direct transactions.

By contrast, 83XX directs the commission to authorize direct transactions on
an open enrollment basis not less than 2 times each year, conicident with the
expiration of DWR purchases.

Nothing more yet from the CPUC on its intended action.

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Tuesday, July 17, 2001 7:31 PM
To: skean@enron.com; Shapiro, Richard; Steffes, James; Mara, Susan;
Kingerski, Harry; Lawner, Leslie; Tribolet, Michael; Walsh, Kristin; Denne,
Karen; mpalmer@enron.com; Guerrero, Janel; Kaufman, Paul; Susan M
Landwehr/Enron@EnronXGate; Robertson, Linda
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.


---------------------- Forwarded by Phillip M Love/HOU/ECT on 12/07/2000
11:01 AM ---------------------------

	From:  Elizabeth Soto                           12/07/2000 10:37 AM

To: Irena D Hogan/HOU/ECT@ECT, Brandee Jackson/NA/Enron@ENRON, Heather
Choate/HOU/ECT@ECT, Kori Loibl/HOU/ECT@ECT, Sherry Dawson/NA/Enron@Enron,
Alejandra Chavez/NA/Enron@ENRON, Kulvinder Fowler/NA/Enron@ENRON, Kyle R
Lilly/HOU/ECT@ECT, Alexander R Gonzales/NA/Enron@ENRON, Andrea R
Guillen/HOU/ECT@ECT, Cecilia Rodriguez/NA/Enron@ENRON, Hannah
Ortiz/HOU/ECT@ECT, Brenda Barreda/HOU/EES@EES, Phenicia Olivier/HOU/ECT@ECT,
Maria Sandoval/HOU/ECT@ECT, Yolanda Pena/Corp/Enron@Enron, Chantelle
Villanueva/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT, Sheetal
Patel/HOU/ECT@ECT, Purvi Patel/HOU/ECT@ECT, Cassandra S Dutton/HOU/ECT@ECT,
b.castro@ssss.com, catrina@SVTN.com, Phillip M Love/HOU/ECT@ECT, Carole
Frank/NA/Enron@ENRON
cc:
Subject: FW: DOG GONE

---------------------- Forwarded by Elizabeth Soto/HOU/ECT on 12/07/2000
10:08 AM ---------------------------

josie_carrillo@reliantenergy.com on 12/07/2000 10:03:16 AM
To: elizabeth.soto@enron.com, alexander.r.gonzales@enron.com,
imelda_condado@reliantenergy.com, Misty_M_Edwards@reliantenergy.com
cc:
Subject: FW: DOG GONE

---------------------- Forwarded by Josie Carrillo/HLP/HouInd on 12/07/2000
10:00 AM ---------------------------

"Garcia, Yvette" <yvette.garcia@wilcom.com> on 12/07/2000 09:29:15 AM

To:   'Josie Carrillo' <josie_carrillo@reliantenergy.com>, 'Ceci Gonzalez'
      <cecilia@amigotruck.com>
cc:

Subject:  FW: DOG GONE

> Subject:     FW: DOG GONE
>
>
>
>
>  <<Grannyl.mpg>>

(See attached file: Grannyl.mpg)

 - Grannyl.mpg


Sorry if this is a duplicate - I don't remember if I sent this to you.
---------------------- Forwarded by Chris Germany/HOU/ECT on 12/27/99 09:39
PM ---------------------------

pdrexel@columbiaenergygroup.com on 12/27/99 11:30:20 AM
To: Dan Junek/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT
cc:
Subject: FINAL - JANUARY 2000 NEEDS

---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on 12/27/99
11:36 AM ---------------------------

KIM NOVSEK BIZIK
12/27/99 10:48 AM

To: Morgan Sharifi/CES/ColumbiaGas@ColumbiaGas, Dale Ray
East/CES/ColumbiaGas@ColumbiaGas, Phil Villagomez/CES/ColumbiaGas@ColumbiaGas,
Darren Espey/CES/ColumbiaGas@ColumbiaGas
cc: Marianne Stiles/CES/ColumbiaGas@ColumbiaGas, Joanne
Swogger/CES/ColumbiaGas@ColumbiaGas, Noel Bartlo/CES/ColumbiaGas@ColumbiaGas,
Paul Drexelius/CES/ColumbiaGas@ColumbiaGas
Subject: FINAL - JANUARY 2000 NEEDS

The volumes listed below are Final volumes - note that the deadline for BUG
has
changed!  I still need to give you Peco volumes.
---------------------- Forwarded by Kim Novsek Bizik/CES/ColumbiaGas on
12/27/99 11:44 AM ---------------------------

KIM NOVSEK BIZIK
12/27/99 09:43 AM

To: Morgan Sharifi/CES/ColumbiaGas@ColumbiaGas, Dale Ray
East/CES/ColumbiaGas@ColumbiaGas, Phil Villagomez/CES/ColumbiaGas@ColumbiaGas,
Darren Espey/CES/ColumbiaGas@ColumbiaGas
cc: Marianne Stiles/CES/ColumbiaGas@ColumbiaGas, Joanne
Swogger/CES/ColumbiaGas@ColumbiaGas, Noel Bartlo/CES/ColumbiaGas@ColumbiaGas,
Paul Drexelius/CES/ColumbiaGas@ColumbiaGas
Subject: JANUARY 2000 NEEDS

Good Morning.  I have listed my needs below for all but Peco.
The red can be off Anr or Tgt.  Please advise.
The green is done - just need the activity number.
I have also included my nom deadline - I have a nom due today - LILCO.  Please
advise.

ANR
 CG&E- deliveries to Springboro 1550 dth/day LDC Nom Deadline is
12:30 on the 30th - note this can be served off TGT

Tetco
 BUG  145 dth/day LDC Nom Deadline is noon on the
28th
 Con Ed 261 dth/day  (estimate ONLY) LDC Nom Deadline is 2
pm on the 30th
 PECO
 PA Gas
 PSEG  1696 dth/day LDC Nom Deadline is 10 pm on the 29th
 Etown  23 dth/day LDC Nom Deadline is noon on the
29th
 NJN  7528 dth/day LDC Nom Deadline is 12:30 est on
the 30th

CNG - PA gas for PECO /day  (If we have a problem flowing this much,
please let me know as soon as possible so we can buy delivered gas to PECO's
gate from one of the other suppliers)

Transco
 LILCO  382 dth/day    (capacity release is also for
382) LDC Nom Deadline is noon on the 27th
 PSEG  189 dth/day LDC Nom Deadline is 10 pm on the
29th
 S Jersey  113 dth/day Transco nom must show Enduser # 012224 to
be confirmed- LDC Deadline is 12:30 on the 30th
 Piedmont 1113 dth/day LDC Nom Deadline was 10:30 est on
the 22nd - just need activity number now
 PSNC  190 dth/day (CES will get the capacity release for
this from PSNC)
   The supply will be from PSNC's pool #7620 (this is
their station 85 pool)

Texas Gas
 DP&L  1298 dth/day  LDC Nom Deadline is
12:30 est on the 30th
 CG&E  1550 dth/day LDC Nom Deadline is 12:30 on
the 30th - note this can be served off TGT


Don't know if my response reached you or not.  When we reply to e-mails, it automatically puts "@ENRON" at the end, so I'm sending it again.
 -----Original Message-----
From: 	Heard, Marie
Sent:	Monday, November 19, 2001 11:00 AM
To:	'"Hudson, Roeline" <HudsonR@teai.com>@ENRON'
Subject:	RE: Executed Assignments

Hi, Roeline:

No, I haven't received any original documents from Sempra.  If he sent them here I would surely have them by now.  Thanks for sending your copies--now I can get a big pile off my desk too.

We are trying to hold our own over here, hoping to miss the first round of layoffs.  It is still so incredibly unbelievable that this is happening.  It seems like a bad dream and any minute we will awaken.  It's supposed to be "business as usual" but it's pretty hard to get into the swing of things.  Hopefully everything will work out.

Have a Happy Thanksgiving!

Marie

 -----Original Message-----
From: 	"Hudson, Roeline" <HudsonR@teai.com>@ENRON
Sent:	Monday, November 19, 2001 10:56 AM
To:	Heard, Marie
Subject:	RE: Executed Assignments

Hi Marie -

I have been trying to get the paperwork back from Sempra, however, Eric
Twombly keeps saying he thinks all assignment documents were returned to
Enron, including my copy.  I cannot get a confirmation that this is so
though.

So I thought I'd better check with you - please let me know whether you have
the Sempra assignment documents.  Also I wanted to send you the documents
signed by us, UOM and Dynegy - so as to get it off my desk.

Hope all is well with you - especially with what has happened in the past
two weeks.  Things sure do change in a hurry, don't they?

Regards,
Roeline

> -----Original Message-----
> From:	Marie.Heard@enron.com [SMTP:Marie.Heard@enron.com]
> Sent:	Monday, October 22, 2001 9:18 AM
> To:	HudsonR@teai.com
> Subject:	RE: Executed Assignments
>
> No, you can send them all together.  I was just trying to clean some
> stacks
> of paper off my desk and realized that I hadn't received the originals.
> Thanks for your further assistance on this.
>
> Marie
>
>     -----Original Message-----
>    From:   "Hudson, Roeline" <HudsonR@teai.com>@ENRON
>    Sent:   Monday, October 22, 2001 9:15 AM
>    To:     Heard, Marie
>    Subject:  RE: Executed Assignments
>
>    Marie -
>
>    I was gone to a seminar both Thursday and Friday - now back to work.  I
>    only
>    received United Oil's assignments back - and on Wednesday I left a
>    message
>    for both Sempra and Dynegy.  I will chase those today.
>
>    Do you want for me to send UOM 's paperwork before I get the others?  I
>    can
>    do that if that's your preference.  Let me know please.
>
>    Regards,
>    Roeline
>
>
>    > -----Original Message-----
>    > From:      Heard, Marie [SMTP:Marie.Heard@ENRON.com]
>    > Sent:      Friday, October 19, 2001 9:52 AM
>    > To:   hudsonr@teai.com
>    > Subject:   Executed Assignments
>    >
>    > Hi, Roeline!
>    >
>    > Just checking on the status of the original assignments I forwarded
> to
>    > you for execution.  Have you received them back from UOM, Dynegy and
>    > Sempra?  If so, will you send me an original of each for my files?
>    >
>    > Hope all is going well and that you have a great weekend.
>    >
>    > Marie
>    >
>    >
>    >
> **********************************************************************
>    > 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.
>    >
> **********************************************************************


Please plan on attending a meeting regarding Cleburne Gas on Thursday March 8
at 2:00-3:00pm in conference room 3143A.

Thanks,

Tina


-----Original Message-----
From: 	owner-nyiso_tech_exchange@lists.thebiz.net@EES   On Behalf Of market_relations@nyiso.com
Sent:	Friday, October 19, 2001 4:41 PM
To:	market_relations@nyiso.com
Subject:	NYISO - Software Release - November 1, 2001

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

Dear Market Participants,

The following software update will become active on November 1, 2001

Customers who have completed the Virtual Bidding registration process
and have met all requirements will be able to begin submitting virtual
Transactions in the NYISO Day Ahead Market (DAM).  A Virtual Transaction
bid, if accepted, is the financial committment to buy(sell) energy
at the DAM zonal LBMP price and sell(buy) it at the Real-Time Zonal LBMP
price. No phyiscal delivery or consuming of energy will occur.

This program has been developed at the request of Market Participants.  It
will provide an additional hedging mechanism for customers with physical
loads and generation.  It will also open the NY wholesale electric market
to more participants.

For additional information, please see Technical Bulletin #74 at:

http://www.nyiso.com/services/documents/techbulletins/index.html

For registration information please go to:

http://www.nyiso.com/services/relations/cregistration/index.html

NOTE:  Activation of Virtual Bidding is pending FERC approval.

If you have any questions, please call your Customer Relations
representatve or the Help Desk at 518-356-6060.

Regards,

Customer Relations


Enjoy!
 - 20020106ERCOT_LOAD.XLS
 - 20020106ERCOT_FLOW.XLS


<<...OLE_Obj...>>
E-Notes provides regular briefings on new developments in global energy and
public utility law.
December 13, 2000

Reactive Power Capability Challenges Future Transmission
By Michael J. Zimmer
Baker & McKenzie
Washington, D.C.

A significant challenge to the transmission providers reported by the
National Electric Reliability Council (NERC) will be to maintain adequate
levels of reactive support for the transmission system in the era of open
market competition in the U.S.  Unlike real power (MW), the reactive
component of power (Mvar) cannot be easily transmitted over longer distances
and must generally be supplied at the local level.  Without adequate
reactive power support, portions of the electric power system can be
susceptible to potential voltage collapse or instability according to NERC.
Sources of reactive power include generators, synchronous condensers,
transmission lines, capacitors, and very specialized reactive support
devices generally known as static var compensators (SVCs).  Demand for
reactive power is shaped by the size and type of demand, power transactions
across the transmission system, and the loading of transmission facilities.
This demand for reactive power is growing nationwide.

Decline in Reactive Improvements

Many electric utilities made concerted efforts to improve reactive support
as demand grew by adding shunt capacitors on their distribution and
subtransmission systems, NERC reports.  However, such distribution reactive
improvement programs have declined in recent years within the industry.
Reactive support programs must be continuous as demand on the distribution
system continues to escalate.  A chief component of that growth in the need
for reactive improvement has been air conditioning which particularly
requires increasing levels of reactive support.  Most air conditioner demand
is motor load, requiring significant reactive power support.  Because of its
interaction with the transmission system, reactive support is one area that
distribution companies must not ignore if reliability is to be maintained on
the bulk transmission system.

The physics of transferring power across a transmission line causes it to
consume reactive power, with increased transfers resulting in escalating
voltage decline across the line.  When heavy power transfers occur across a
transmission system interface and transmission lines are heavily loaded,
voltage in the area of the interface can become depressed if sufficient
reactive supplies are not available to the system, NERC has stated.

Open Access Impacts

When transfers of power follow a consistent directional pattern, it is
relatively easy to plan and justify costs for the required reactive support
for the transfers.  For example, significant reactive support was added on
the bulk system to enable higher transfers from ECAR to MAAC and the VACAR
subregion of SERC in the early 1990s.  However, under open access
transmission, transactions are conducted in large numbers across long
distances, and often flow in directions that were not anticipated when the
transmission system was originally planned and built.  The direction and
amount of such transfers has become much more volatile, changing daily, and
sometimes hourly.  Consequently, planning reactive support enhancements for
improving transfer capability has become more difficult as the pace and
level of transactions have become more short-term and real-time.

There is currently no incentive to increase the levels of reactive support
on the bulk power system, NERC states.  In fact, there are disincentives,
because generators are paid to produce real power, not reactive power under
current contracting.  There is a tradeoff between producing real and
reactive power because reactive power generation decreases as the real
output increases.  A recent spate of nuclear unit upgrades effectively
lowered the units' reactive power output capabilities as the real output of
these nuclear units was increased.

In the long term, transmission providers must reevaluate their bulk power
systems in light of open access, including planning for necessary reactive
support.  Business is increasing on the transmission system, but very little
is being done to increase the load serving and transfer capability of the
bulk transmission system.  This will be essential for supporting development
of regional transmission organizations (RTO).  Most of the transmission
projects planned over the next ten years are intended to reinforce parts of
the system to alleviate local problems.

Future Planning Opportunities

This raises several issues for future planning:

* Can distributed generation become a new market source for reactive
power capability?
* Can distributed generation become a source of reliable transmission
loading relief avoidance?
* Is there a third party, competitive market for reactive power?  Is
there a merchant reactive power plant market to avoid voltage reduction
which should be encouraged?
* Who manages this critical bulk power system issue in a
post-restructured world?  Generators? Transmission? Distributors? Marketers?
* Will this issue become impaired further with distribution company
mergers and consolidations?
* Will most new transmission gravitate to reinforce the system for
local problems management, because of a lack of RTO's and strong regional
siting?  Are independent system operator's doing enough to manage this
challenge?
* Is this another incentive for the power quality market to respond?

The ability to transfer electric energy across interfaces or seams hampers
reactive power support.  NERC believes it is a national imperative that
reactive power improvements keep pace with the demands being placed on the
transmission systems to maintain reliability.  We are already seeing this as
an element of key market disruptions.  Reactive power support must
ultimately be placed and coordinated among generation, transmission and
distribution.  With existing regulatory structures, this could be falling in
the cracks with open access transmission, widely varying flow patterns and
associated reactive demands have become commonplace and need accommodation.
The reactive power support system will need to become more versatile for
open access transmission objectives to be achieved, and needs further
attention in the RTO formation process for RTO's to be successful and
thrive.

****

DID YOU KNOW?

* According to recent reports by the Edison Electric Institute, the
level of transmission investment in the U.S. has declined for over 20
successive years.

* The number of transmission load relief postings has escalated since
1998, transmission congestion is up 40% in 1998-9; and 140% in 1999-2000.

 <<Legal & Regulatory Risks.pdf>>
___________________________________________________________________________
E-Notes is a publication of Baker & McKenzie.  It does not constitute legal
advice or a legal opinion on any specific facts or circumstances.  The
contents are intended as general information only.  You are urged to consult
your attorney concerning your situation and specific legal questions you may
have.  For further information on the subjects discussed in E-Notes, contact
Michael J. Zimmer, michael.j.zimmer@bakernet.com or Jonathan W. Gottlieb
jonathan.w.gottlieb@bakernet.com.

For more information about BAKER & McKENZIE, click on our business card:
 <<Baker  McKenzie Business Card.htm>>

or visit out website at http://bakernet.com.

 - Legal & Regulatory Risks.pdf
 - Baker  McKenzie Business Card.htm


Company: 002909     Arng: 39229-06404     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     9,999                     0
Working                       9,999                     0
Capacity Allocation           9,999                     0
Confirmed                     9,968  CBL                0

Company: 002909     Arng: 39229-06894     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                    20,371                     0
Working                      20,371                     0
Capacity Allocation          20,371                     0
Confirmed                    20,309  CBL                0

Company: 002909     Arng: 39229-07499     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                    14,643                     0
Working                      14,643                     0
Capacity Allocation          14,643                     0
Confirmed                    14,598  CBL                0

Company: 002909     Arng: 39229-09253     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                         0                 4,739
Working                           0                 4,739
Capacity Allocation               0                 4,739
Confirmed                         0                 4,735  CBL

Company: 002909     Arng: 39229-10166     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     5,256                     0
Working                       5,256                     0
Capacity Allocation           5,256                     0
Confirmed                     2,274  CBL                0

Company: 002909     Arng: 39229-10167     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     7,500                     0
Working                       7,500                     0
Capacity Allocation           7,500                     0
Confirmed                     3,244  CBL                0

Company: 002909     Arng: 39229-10168     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     5,000                     0
Working                       5,000                     0
Capacity Allocation           5,000                     0
Confirmed                     2,163  CBL                0

Company: 002909     Arng: 39229-10169     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     7,500                     0
Working                       7,500                     0
Capacity Allocation           7,500                     0
Confirmed                     3,244  CBL                0

Company: 002909     Arng: 39229-10170     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                    13,831                     0
Working                      13,831                     0
Capacity Allocation          13,831                     0
Confirmed                     5,983  CBL                0

Company: 002909     Arng: 39229-10171     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                    10,000                     0
Working                      10,000                     0
Capacity Allocation          10,000                     0
Confirmed                     4,327  CBL                0

Company: 002909     Arng: 39229-10230     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                         0                   274
Working                           0                   274
Capacity Allocation               0                   274
Confirmed                         0                     0  CBL


Thanks, Harry.  I want to re-enforce the switching issue, since EES is likely
to be very focused on moving customers back to the utility on Tuesday.
Switching would certainly reduce EES' going-forward exposure to 1) growing
"credit receivables" that the utilities refuse to pay and 2) the risk that
the Commission will end the rate freeze altogether---and the PX credit with
it--as part of the hearing process that commences with the pre-hearing
conference on Wednesday.  Reducing that exposure is clealry important to EES.

But the utilities' ability to resist taking back customers is likely to be
significant, particularly since 90% of the volumes that we serve are on Enron
meters.  Imagine the road blocks that the utility can/will construct over the
"complex process"  of changing-out the meters.  In addition, when CA border
gas prices spiked several weeks ago, many large gas customers tried to switch
from noncore to core service on SoCalGas' system.  SoCalGas submitted an
emergency motion at the Commission to prevent the switching and the
Commission granted it in the wink of an eye.

It will be important for EES to drill down fairly deeply in its analysis of
all the ways that the utility can frustrate any switching.  Otherwise, we may
find ourselves confronting a lot of negative PR without having reduced any of
EES' exposure.  Customers who have been unwillingly switched back to the
utility have become very vocal about their displeasure and have turned
negative on ESPs as a result.

Best,
Jeff

	Harry Kingerski
	01/07/2001 11:21 AM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mark S
Palmer/Enron Communications@Enron Communications
		 cc: Jeff Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
		 Subject:

These 3 issues will be discussed at your Tuesday afternoon meeting with EES:

what to do about forcing the utilities to pay delinquent PX credits
Through December, the total arrearage is about $220M total, mostly from
PG&E.  Neither utility is paying.  Vicki Sharpe is lining up bankruptcy
counsel.

should the new 1 cent surcharge be passed on to our customers
Vicki has not said yet whether our contracts allow passthrough, although she
has hinted it would require a very aggressive interpretation of the contract.

should we try to return our customers to utility bundled service
Aside from the modifications to our customer contracts that have to take
place, an even stickier issue is to get the utilities to take them back.
Even if the utilities are required to do so, forms have to be processed and
meters have to be changed out.  (We have our own meters on our accounts.)
This could not happen quickly.  Of course, this action mitigates against the
risk of the rate freeze ending but does nothing for the credit problem, other
than to keep the exposure from getting larger.

On Wednesday, there will be a pre-hearing conference at the CPUC on the next
phase of the end-the-rate-freeze case.  Jeff and I have talked about this and
think we can decide what our involvement will be (witnesses, positions, etc.)
after a schedule is set.  For now, the strategy is to make sure the CPUC on
Wednesday adopts a schedule that deals with all the issues they must deal
with about the rate freeze.

(Rick, I will be in San Francisco through Wednesday meeting with Mike Day and
working with Roger Yang to identify all those issues.)


I am trying to put some figures together for Dave Delainey

First, does anyone know how many MW of capacity that would be available for
CA this Summer if there were limited or no restrictions on environmental
permits.  I understand (via Mary Schoen) that the regional air quality
districts have either expanded the hours (200 to 500) for small units.  Does
anyone have a good number on how many MW this allows to operate into the
market?

Also, does anyone know anything about any power plants idled (for whatever
reason) recently that could be re-started?

Thanks


[IMAGE]
[IMAGE]
[IMAGE][IMAGE][IMAGE]


Ashley, the oven/stove problem should be fixed before the weekend.  If you
have any further problems with it please let me know; I realize it's pretty
old.  I never noticed the control for the oven doesn't even have temperatures
marked on it...the repairman is definitely taking care of that too!  The
handy dudes are coming over to give me an estimate on the kitchen and
bathroom floors and I'm going to also ask them to replace the wood around the
A/C in the second bedroom.  If there's anything else you've noticed that
needs fixing let me know.


I expect that if Mel didn't examine these witnesses in their depositions,
that they will certainly be called at trial.  Also, their testimony is
consistent with Michael Goldstein's comments to me that I didn't understand
the implications of the ruling on these facilities.
 Personally, I think that Platte's testimony that he didn't officially
certify the capacity of the machines in 1998 and, therefore, their capacity
is unknown, is sort of contrived and made-up sounding in light of the Rev
Proc.and the miracle of hindsight. The Sempra representations to the IRS that
the proposed changes would significantly increase production probably didn't
mean increase it from 105 to 115 tons per hour. Also, Coston is going to have
to explain what he meant when he made his representations to the IRS and I
don't think he's going to lie under oath (maybe I'm naive).
 Regardless of the preceding comments, it sounds like we probably need to
talk to Tim W. about these issues and also probably need to talk to the K-M
folks (through their lawyer) about this before the next round of depos.
 On a related note, I spoke with Michael Goldstein on Tuesday about several
issues.  First, I told him that if they were interested, we were interested
in sitting down and talking about resolving things going forward.  I
questioned whether they would have an open mind toward issues like moving the
equipment.  He said that this would be up to Mr. Holmes but that he strongly
doubted that "repricing the deal" or "dramatically changing the economics" of
the deal would be acceptable.  I also asked whether he thought a mediation
would be acceptable.  In response, he indicated that although he wouldn't
rule it out, he thought it was premature. Finally, I mentioned that there had
been some talk of deposing him.  He said that his only involvement in the
negotiation phase of the project would be in connection with advice to Sempra
and, therefore, these communications would be privileged.  He said he only
met the Enron folks once before the documents were signed in August and this
was supposedly a pretty casual meeting since he was allegedly busy doing
other things. He also said that he had no involvement with the IRS PLR's. Let
me know your thoughts about deposing him in light of this.
 Finally, George is still out of town but as soon as he returns, I'll get
with him to get out the letter I know that Greg is anxious that we send out.
Thanks.

 -----Original Message-----
From:  "Johnson, Christopher P." <CPJohnson@brobeck.com>@ENRON
[mailto:IMCEANOTES-+22Johnson+2C+20Christopher+20P+2E+22+20+3CCPJohnson+40brob
eck+2Ecom+3E+40ENRON@ENRON.com]
Sent: Wednesday, May 23, 2001 6:14 PM
To: Markel, Gregory A.; Brownfeld, Gail
Cc: Setton, Ronit; Leit, David ; Zeisler, Aaron M.; Farache, Olivier N.
Subject: R.W. Beck Depos

Greg and Gail:

I've just completed the depositions of R.W. Beck, Sempra's independent
engineers on the Blue Grass/Somerset facilities.  Specifically, I deposed
Keith Platte all day Tuesday and deposed Lance Hardesty Wednesday morning.
The testimony was generally unfavorable to us.  In particular, I think they
require us to rethink our theory that the recent IRS Rev. Proc.'s places
limits on Sempra's "lost tax credit" damage claim.

As you know, IRS Rev. Proc. 2001-30 stated that "a facility ... may be
relocated without affecting the availability of the credit if all essential
components of the facility are retained and the production capacity of the
relocated facility is not significantly increased at the new location."  It
also stated that one of the conditions for obtaining a o 29 ruling is that
"[t]he treated feedstock is subjected to elevated temperature and pressure
that results in briquettes, pellets, or an extruded fuel product, or the
taxpayer represents that the omission of this procedure will not
significantly increase the production output of the facility over the
remainder of the period during which the o 29 credit is allowable."  This
recent ruling from the IRS, of course, was inconsistent with Sempra's May
2000 PLR request, in which Richard Coston stated that "[a]nother consequence
of the use of our emulsion binder is that less pressure is required in the
briquetting phase to produce a synthetic fuel with a significant chemical
change ....  Applying less pressure[s] causes two changes to occur in the
production process.  First a smaller percentage of the synthetic fuel will
be in the form of a briquette.  Second, output capacity can be significantly
increased."

We know from the Enron agreements that Sempra sought to increase the
capacity of the Blue Grass/Somerset facilities combined to 2,000,000
tons/year.  If one assumes 24 hour/day operation for 360 days/year, each
machine would need to have a 115 ton/hour capacity to reach this level.
Keith Martin told us that the "increase in capacity" under Rev. Proc.
2001-30 should be measured against the capacity of the facility when it was
"placed in service" prior to July 1, 1998.  As I told you a couple of weeks
ago, the Sempra Offering Memo contains a certificate from R.W. Beck that the
Blue Grass and Somerset facilities were "placed in service" on June 30,
1998.  In those certificates, Beck "certified" a capacity for each machine
of 50 tons/hour, which, for the 2 machines, means a max of 876,000
tons/year.  I concluded from this that, because Sempra's proposal to
increase Blue Grass/Somerset capacity by reducing the "briquetting" of the
output had been rejected by Rev. Proc. 2001-30, Sempra would not be able to
claim tax credits above those that could be produced at 50 tons/hour, and
that its damage claim would, at the very least, be capped at that level.

Keith Platte (pronounced "Platty"), the lead engineer for Beck, and the guy
who signed the certification, poked a big hole in this conclusion.  Platte
is very personable (particularly for an engineer), appears to know his field
very well and, in my estimation, would make an excellent witness for Sempra,
should he be called.  (Mel did not question Platte.)  Regarding capacity,
Platte did not have a view as to the maximum capacity of the Blue Grass or
Enron facilities.  According to him, the Engineering, Procurement and
Construction ("EPC") contracts pursuant to which the facilities were
constructed said that the facilities were designed to operate at 50
tons/hour.  Platte said that R.W. Beck's job was simply to certify that the
facilities had indeed been constructed by 6/30/98 in accordance with the EPC
contracts, meaning that, as of that date, the facilities had at least that
capacity.  Did they have a capacity of 75 tons/hour on 6/30/98?   He cannot
say, because he was not asked to and did not test that proposition.

I spent some time with Platte establishing that the capacity of a facility
cannot exceed the capacity limit of a particular component piece of
equipment in that facility.  He generally agreed with this fact, and that a
"slow" piece of equipment could act as a "bottleneck."  I then tried to
establish the capacity limits for different pieces of equipment,
particularly the briquetter.  I got nowhere.  He fell back on the
proposition that, if he did not test it, he does not know the capacity
limits.  He said that, if I wanted to know the capacity limit of the
briquetter, I needed to talk to the briquetter manufacturer.  At the
conclusion of the deposition, I decided that that is what I would do.

I may still do that, but, after deposing Lance Hardesty today, I am less
confident that that would be a fruitful course of action.  Hardesty is not
nearly as good a witness as Platte; he has a kind of wimpy, limp-handshake,
dufus quality to him -- the kind of guy who was off in a corner playing with
a slide-rule when God was handing out personality.   Hardesty is, however, a
very knowledgeable engineer.  To cut to the chase, Hardesty 3 weeks ago
"re-certified" the Blue Grass facility as it had been reconstructed back at
Somerset, using the original Somerset design (e.g., no screen before the
crusher, as it was designed at Norfolk).  Hardesty certified that the Blue
Grass facility had a capacity today of at least 105 tons/hour.  Most
significantly, I asked Hardesty -- who participated in the 6/30/98
certification -- to walk through an engineering plan of the facility from
June 1998 and to identify all the changes in facility components between
then and now.  There were not many, and he believes (Holmes will have to
confirm) that the significant components in the synfuel process -- the
mixer, the blender and the briquetter -- are all the same, albeit with some
modifications.  Thus, Sempra's argument will be that, if those components
were capable of producing 105 tons/hour in May 2001, they must have been
capable of doing so in June 1998, the date the facility was "placed in
service."

What about the modifications?  I asked Hardesty to identify all of them.
Holmes and Frank Ikerd told him that the paddles and the internal workings
of the mixer were changed somewhat.  The blender also had replaced some
internal pieces that wore out due to normal use.  (These things do not sound
significant to me, but an engineer or Keith Martin could convince me
otherwise.)  The briquetter is a different story.  Hardesty had earlier
admitted to me that the spacing between the briquetters is one of the things
that can affect the percentage of output that results in a briquette (think
of a piece of charcoal).  Because of significant operational problems in the
summer of 1998 (they kept breaking), the briquetters had to be reconfigured
at the direction of the manufacturer (Komar Industries).  Upon the
completion of these modifications, the briquetter rolls could be adjusted to
achieve spacing between the rolls of anywhere from 0.5" to 1".  (Believe it
or not, I know what this means.)  Hardesty said that, during his visit to
Somerset earlier this month, the briquetter was set at 0.5" spacing and the
facility demonstrated a capacity of 90 tons/hour.  He then ran a capacity
test at 0.75" spacing, and the facility demonstrated a capacity of 105
tons/hour.   I asked him how the capacities over what had been seen in June
1998 were achieved, and he said "Certain improvements were made to the chute
feeding the briquetter and various transition points throughout the process
so that the material would flow better, in avoiding plugging.  But in June
of '98, we never attempted any sort of a maximum test; we merely tested for
the minimum EPC requirements of the EPC contract to install the facility."
We then walked through each of the "improvements."  In short, other than the
changes to the briquetter, none of them struck me as the kind of thing that
would offend the IRS.

Focusing on the briquetter, I asked him why it had been set at 0.5".  He
said that he was told by Holmes and Ikerd that that was the setting the
briquetter had after the modifications were completed in 1998.  (We'll need
to confirm this.)  I asked him whether he ran a test at the full 1" spacing.
He did not.  According to Hardesty, "[w]e discussed it with Richard Holmes,
Frank Ikerd and Richard Coston.  And for conservatism with regards to
maintaining the IRS placed-in-service ruling, three-quarter inch was
selected as a nominal setting for still making briquettes of a similar ...
size as we made on June 30 of 1998," and in roughly the same proportion of
briquettes to non-briquetted fines.  In other words, Sempra will argue to
the IRS that, while it has been able to increase capacity over the capacity
in 6/98, it has done so without omitting the briquetting requirement of Rev.
Proc. 2001-30.  Thus, Sempra's most recent PLR request will likely RETRACT
Coston's May 2000 statement that the increase in capacity comes at the
expense of briquetting.

Obviously, there is still some factual work to be done to see if Sempra's
new argument holds water.  For example, how do they prove what the percent
of briquettes to non-briquetted fines was in June 1998?  Also, we should
inspect the new facility at Somerset with our own engineer (we need to
retain one) so we can draw our own conclusions.  Finally, we will need to
grill Holmes on much of the foregoing, because he continues to be the person
with all the relevant knowledge.

In sum, while the Beck depositions did not generate good testimony, they at
least give us the tools to re-work our analysis on the possibility of using
Rev. Proc. 2001-30 to limit Sempra's lost tax credit damages.

Please let me know if you have any questions.

Thanks,

CPJ (from La Guardia, where I just landed)

Christopher P. Johnson
Brobeck, Phleger & Harrison, LLP
1633 Broadway
New York, New York 10019
(212) 237-2558
(212) 586-7878
cpjohnson@brobeck.com

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com


Luis,

Please see the attachment.  This file shows deals that still need adjustment
stemming from the base gas program being kicked off for Dec.  Please have
these corrected also.  Thanks.

The "arranged_quantity" column contains the correct volume.

Daren


lyris-confirm-99214601E@mail2.southwest.com on 04/03/2000 11:55:51 AM
Please respond to lyris-confirm-99214601E@mail2.southwest.com
To: ebass@enron.com
cc:
Subject: Your confirmation is needed

Thank you for your registration.  Your email address
has been signed up for a subscription to the Southwest Airlines
Internet Specials mailing list.  Your subscription requires a
confirmation that you received this email and would like
to join this mailing list.  The email address you subscribed is:

ebass@enron.com

To confirm that you do want to join, simply reply to this message.
Make sure that your message is addressed to
lyris-confirm-99214601E@mail2.southwest.com
You will receive a notification email that you have been added to
the mailing list.

If you want to unsubscribe from this mailing list, do nothing.
Your email address will be automatically removed.

To unsubscribe from this mailing list immediately, forward this
message to leave-special-offers2-99214601E@mail2.southwest.com
or unsubscribe anytime at http://www.southwest.com/email


Danny, we polled the three pipes and they made no change from the November 16th Forecast.  We did publish the Weekly (which will be viewable on November 23rd on the Website) just repeating the same Forecast.  Have a good holiday!


Martin - You gave me Jeff George rather than Eddie George. - I don't want to
use all my points to pick him back up in Free Agency.

QB - Steve McNair
RB - Jeff George
RB - Tim Biak.
WR - Iasaac Bruce
WR - Tim Brown
WR - Jerry Rice
K & D - Tennessee

Why do I like my team better than those 2nd place - NY Tailors?


In working with the West Desk traders regarding the clause which is being
questioned
in my last email, the traders on the EES confirms are Tim Belden & Kevin
McGowan.

Regards,
David


What is the list of proposed Reference Entities for EnronOnline (to go live
March 8?)?


- BIDREQ5.doc


-----Original Message-----
From: 	Holst, Keith
Sent:	Wednesday, December 05, 2001 8:41 AM
To:	Day, Smith L.
Subject:	http://home.rochester.rr.com/ebaumswebworld/jacket.html


Couldn't tell if you saw this...
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/23/2000 01:24
PM ---------------------------

John.Normand@enron.com@enron.com on 08/23/2000 11:47:29 AM
Sent by: Arlene.Chapman@enron.com
To: Mitch.Robinson@enron.com, Kay.Mann@enron.com,
John.Schwartzenburg@enron.com, Scott.Dieball@enron.com, Bob.Greene@enron.com,
Dennis.Alexander@enron.com, Brian.D.Barto@enron.com, Gavin.Gaul@enron.com,
Mark.Dobler@enron.com, Ross.Newlin@enron.com
cc:

Subject: Invitation - Westinghouse/Gleason iss (08/24/2000 12:30:00 PM CDT)

  (superscript: New meeting request from John Normand)

                08/24/2000 12:30 PM Local Time
                08/24/2000 02:00 PM Local Time

  Title:        Westinghouse/Gleason issues CR#5C1 - Lunch served
  (J.Normand, M.Robinson, K.Mann, J.Schwartzenburg, S.Dieball, B.Greene,
  D.Alexander, B.Barto, G.Gaul, M.Dobler, R.Newlin))
  Location:     -No room information available-

  Chair:        John Normand/ENRON_DEVELOPMENT

  To (required):   Mitch Robinson/Corp/Enron
  cc (optional):

     John Normand/ENRON_DEVELOPMENT wants you to attend a meeting.

On        08/24/2000 12:30:00 PM CDT
For       1 hour 30 minutes
With:          John Normand/ENRON_DEVELOPMENT (Chairperson)
          Mitch Robinson/Corp/Enron (Invited)
          Kay Mann/Corp/Enron (Invited)
          John Schwartzenburg/ENRON_DEVELOPMENT (Invited)
          Scott Dieball/ENRON_DEVELOPMENT (Invited)
          Bob Greene/ENRON_DEVELOPMENT (Invited)
          Dennis Alexander/ENRON_DEVELOPMENT (Invited)
          Brian D Barto/ENRON_DEVELOPMENT (Invited)
          Gavin Gaul/ENRON_DEVELOPMENT (Invited)
          Mark Dobler/NA/Enron (Invited)
          Ross Newlin/ENRON_DEVELOPMENT (Invited)

   Westinghouse/Gleason issues CR#5C1 - Lunch served (J.Normand,
M.Robinson, K.Mann, J.Schwartzenburg, S.Dieball, B.Greene, D.Alexander,
B.Barto, G.Gaul, M.Dobler, R.Newlin))


Please see the following announcement, which just went out to Enron Europe
Niki
---------------------- Forwarded by Nicole Scott/LON/ECT on 03/04/2000 17:32
---------------------------

Fernley Dyson & Sally Beck
03/04/2000 17:31
Please respond to Fernley Dyson/LON/ECT
Sent by: Enron Europe General Announcement
To: ECT Europe
cc:

Subject: Organisational Announcement.

Enron Europe has played a vital role over the last few years in the global
expansion of  Enron,s  business.  Now we are taking a strategic role in
setting the standards for global operational performance.  Accordingly, we
will work closely with Global Risk Management Operations to assess our
operational policies, procedures and internal controls.  This will be a
collaborative effort to establish and implement standards and measurements to
be used world-wide.  This strategic initiative is critical to Enron,s
performance, in insuring that trading operations services are delivered
consistently across all commodities and all locations.
We are very pleased to announce that effective April 10, 2000, Brent Price,
Vice President of Global Risk  Management Operations, will office at Enron
House, reporting to both of us.  Brent will have the responsibility and
authority to facilitate this global initiative for Enron Europe.  Brent
brings a wealth of operational and risk experience.  His most recent
assignment included heading Gas Operations for Enron North America.

Brent will have the responsibility to assist and guide us through the process
of assessment and development of global operational standards and
measurements.  This will include evaluating the operational processes,
procedures and controls for all commodities and locations managed by Enron
Europe.  He will also advise us on any critical issues requiring immediate
action to insure that we are fully aligned in  the delivery of global
consistency throughout all of our operations.  He will work actively with the
operations staff in Enron Europe to achieve this goal.

We ask your full co-operation in supporting Brent and the success of this
initiative.

We remain committed to our mutual efforts to develop our people, build
business knowledge, leverage talent across locations and insure the integrity
of our global services.

Fernley Dyson     Sally Beck
VP, Chief Accounting Officer   VP, Global Risk Management Operations


In the previous credit worksheet for the Master Agreement I incorrectly
identified the entity we would like to contract with.  In this new worksheet,
I have provided the correct entity we would like to enter into this contract
with.  Please disregard the previous entity and instead refer to this credit
worksheet.

thanks
brant


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/24/2001 08:29 AM -----

	Jorge A Garcia@ENRON
	05/17/2001 03:26 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: Enron Teeside Operating Limited ("ETOL")

Good Afternoon Sara,

I have had an opportunity to review this counterparty and have the following
information for you. Here is a list of the current trades (Interest Rate
Swaps) for ETOL.

I am attaching the only confirmation that was created and amended for ETOL.
It is in the name of RMT.

Please call or e-mail me should you require any additional information.

Regards,

Jorge

From: Sara Shackleton@ECT on 05/17/2001 02:51 PM
To: Susan Bailey/HOU/ECT@ECT, Rod Nelson/LON/ECT@ECT
cc: Karolina Moran/LON/ECT@ECT, Jorge A Garcia/NA/Enron@Enron, Rhett
Jackson/Enron@EnronXGate

Subject: Enron Teeside Operating Limited ("ETOL")

Susan:

Rod or Karolina will prepare a credit worksheet for an ISDA Master Agreement
between ETOL and RMT.  Jorge has a 3-year rate swap awaiting documentation.

Rod/Karolina:  Is there any reason to not use RMT?  Is an ETOL sell-off
imminent?  If so, would it be in the near term?

Rhett:  If an ETOL sell-off (in whole or part) is imminent, should the deal
be booked in ENA rather than RMT?

Jorge:  The transaction confirm should be an ISDA format.  Also, please
verify whether any ETOL deals are on ENA/RMT books and the remaining terms

Thanks..

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


---------------------- Forwarded by Andrea Ring/HOU/ECT on 12/01/2000 02:54
PM ---------------------------
   Michele Winckowski @ ENRON                11/28/2000 04:47 PM

To: Andrea Ring/HOU/ECT@ECT
cc:
Subject: Fwd: FW: Run off or Dance off?

This is the only answer -- specifically for us "sad" individuals.  Love ya -
MW

>
> (See attached file: danceoff.exe) <<danceoff.exe>>

 - danceoff.exe


I should also have mentioned in my last email that it is also critical that
Enron obtain an opinion of counsel, upon which Enron can rely, and which
counsel will likely be called to testify in the litigation, that Enron does
not infringe any valid claim of the Odom patent.  The law imposes a duty
upon Enron to get an opinion or run the risk of being held guilty of wilful
infringement which can be the basis of an award of treble damages and
attorneys fees, if Enron is found to be an infringer.  Pete Peterson is
standing by to work on this project, and he also will have a need to have
access to the technical information and documents that we are seeking.

-----Original Message-----
From: Sims, Bill
Sent: Tuesday, October 09, 2001 1:11 PM
To: Sanders, Richard B. (Enron); McCullough, Travis (Enron)
Cc: LaFuze, William; Mims, Peter; Lewis, Veronica
Subject: Settlement conference

I spoke with Bid/Ask's lead lawyer Sam Baxter earlier today about getting
together in person to have an off-the-record "settlement discussion" where
we would try to persuade him to drop his suit because we do not infringe. He
suggested Friday morning. If you want me to attend, we have to do it early
so I can catch my SW flight to Houston for the Halliburton docket call.
Please let me know your availability on Friday, and if not then, when.

Also, Dr Phil MCGraw ("Dr Phil" on the Oprah show) and his company Courtroom
Sciences is on board for witness prep and jury consulting - if we want to
use them. He has been told that ENRON may prefer someone it has worked with
previously, so let me know.

                                         ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


I was out sick yesterday, and was in the bathroom when you called (taking
care of one end or the other!), then I passed out soon thereafter.  I feel
much better to day, and am at work.  I'll take a raincheck on the food until
tomorrow or Thursday (whichever works for you).

Julie  :-)

Scott Hendrickson
02/06/2001 10:28 AM
To: julie.a.gomez@enron.com
cc:
Subject: Howdy

Where are you?  I was offended when you didn't return my phone call
yesterday!!!

I'm volunteering to go eat seafood with you if you're interested :-)~  (Not
at the super expensive place, though.)

You have to see my two walls, too!!!

Scott


From:	Courtenay_Dolan@fortunemail.com@ENRON [IMCEANOTES-Courtenay+5FDolan+40fortunemail+2Ecom+40ENRON@ENRON.com]
Sent:	Thursday, July 26, 2001 2:29 PM
To:	PRHOPKIN.MPD-COP@mpdc.org; Shelly.Lazarus@ogilvy.com; juanher@gte.net; Lay, Kenneth
Cc:	plonzano@presidencia.gob.mx; William_Nabers@fortunemail.com; pictorial.1@home.com
Subject:
brainstorm 2001: the Fortune Editor's Invitational
10/1/01 issue cover shoot

photographer:  Michael O'Neill
date:   8/2/01
time:   11:00am for grooming
        11:30am shoot
location:   Salon 1
            conference room level
            St. Regis Hotel
            Aspen

attire: conference casual

FORTUNE Contact:    Courtenay Dolan  212.522.0283
                    cell: 201.401.4374
                    courtenay_dolan@fortunemail.com


Because of the scheduled Employee Meeting at the Hyatt, we will move Steve's meeting to 9:00a on Tuesday.

Please adjust your calendars accordingly.

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax

 -----Original Message-----
From: 	Robertson, Audrey
Sent:	Tuesday, October 09, 2001 9:10 AM
To:	Robertson, Audrey; Harris, Steven; Watson, Kimberly; Donoho, Lindy; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; McConnell, Mark; Y'Barbo, Paul
Subject:	RE: 2002 Plan Strategy Meeting

Steve's 2002 Plan Strategy Meeting has been moved to a new date and time.  Please mark your calendars to reflect:

		Tuesday, October 23, 10:00 - 11:00, EB-1336

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax

 -----Original Message-----
From: 	Robertson, Audrey
Sent:	Tuesday, October 02, 2001 11:47 AM
To:	Harris, Steven; Watson, Kimberly; Donoho, Lindy; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; McConnell, Mark; Y'Barbo, Paul
Cc:	Robertson, Audrey
Subject:	RE: 2002 Plan Strategy Meeting

Please be informed, Steve's  2002 Plan Strategy Meeting has been scheduled for Tuesday, October 9, 10:00 - 11:00a in EB-1336.

Please mark your calendars accordingly.

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax

(713) 646-2551 Fax


Jester's Molesters (71 pts) lead Di's Nasties (51 pts)
Joe Stepenovitch (67 pts) lead F-Bombs (34 pts)
Quieres su papa? (94 pts) lead GassHoles (76 pts)
SOMFAW (75 pts) lead El Mariachi (52 pts)
Chihuaha This (78 pts) lead DAWG MAWLERS (60 pts)
Gore's Gangstas (84 pts) lead Chum Runners (66 pts)
Chihuaha That (63 pts) lead BlitzKrieg (31 pts)

The weekly report is available:
http://fflnet.myfantasyleague.com/fflnet2001/weekly?L=0205&W=7

Natural Gas Gridiron Address:
http://fflnet.myfantasyleague.com/fflnet2001/home/0205

Questions about this site?  Check out our FAQ (Frequently Asked Questions)
at http://www.myfantasyleague.com/fflnet2001/support_faq.html
or our detailed on-line help at
http://www.myfantasyleague.com/fflnet2001/coach.html


Hey there, I was online so I thought I would give you a line.  Have a good
Thanksgiving and drive carefully and go horns, I mean ags!  Just joking!
Stephanie
______________________________________________________________________________
_______
Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com


I will be there.

D

Heather Choate
09/14/2000 04:23 PM
To: Daren J Farmer/HOU/ECT@ECT
cc: Pat Clynes/Corp/Enron@ENRON, Bob M Hall/NA/Enron@Enron
Subject: Mtg: Producer Services

Daren,

   Please confirm if you would be able to meet with Bob Hall and Pat Clynes
to discuss Producer Services

   Monday, September 18, 2000 at 4pm in EB3015

  Thank you,
  Heather Choate, x33278


Non payments for ENA only.  More to follow.  We should seriously consider some default notices.

Bill

 -----Original Message-----
From: 	Reeves, Leslie
Sent:	Monday, November 26, 2001 7:53 PM
To:	Bradford, William S.
Subject:	Physical Gas Collections 11/26/01

Bill - call with any questions.  I will update you tomorrow as we continue to contact the non-pays.  Leslie


Thanks for your nice note.  The promotion did get the year off to a nice
start.  I am glad that you were pleased with the year end PRC process.  While
time-consuming, I have appreciated the opportunity to get to know Associates
like you whom I would perhaps otherwise not know.  Keep me posted on what you
are doing.  --Sally

Nicole Palczer@ENRON COMMUNICATIONS on 02/22/2001 09:52:40 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Congratulations

Sally,

I just wanted to send a quick congratulatory note on your promotion to
Managing Director.  And a bit belated, a thank you for serving again as my
PRC representative.  I was pleased with my outcome at year-end, and once
again, was one of the few Analysts or Associates who was always kept informed
about the process.  I appreciate your time and energy in representing me.

Nicole


Are you awake?


Kay:  Attached is the email I received from Steve Curlee.  Who is performing
legal/credit for Enovate?  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 10/03/2000 09:06 AM -----

	Sara Shackleton
	09/28/2000 10:14 AM

		 To: Kay Mann/Corp/Enron
		 cc:
		 Subject: FW: Enovate/PEC ISDA Materials

Kay:  What is this all about?  I don't know anything about "ENOVATE" .  Is it
an Enron company?  Sara.
----- Forwarded by Sara Shackleton/HOU/ECT on 09/28/2000 10:11 AM -----

	Steven Curlee@ENRON
	09/28/2000 09:29 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: FW: Enovate/PEC ISDA Materials

Sara, I am forwarding this to you because as you will notice your last name
has been misspelled.  I have been speaking with Peoples recently about the
potential sale of some financial options via Enovate.  This has brought up to
issue of the ISDA agreement.  I don't know if you are the one working on this
specific ISDA, but I got your name off a document showing you as the person
working in general on ISDA agreements between Enovate and third parties.

I will call shortly to insure you receive this, and one more to follow, and
that you are the appropriate person.  If you need to reach me, my extension
is 36900.

Thanks,

Steve
---------------------- Forwarded by Steven Curlee/Corp/Enron on 09/28/2000
09:19 AM ---------------------------

b.marozas@pecorp.com on 09/27/2000 05:37:59 PM
To: Sara.shackelton@enron.com
cc: Steven.Curlee@enron.com

Subject: FW: Enovate/PEC ISDA Materials

Sara,

We were trying to finalize the ISDA between PEC and Enovate.
Fred is going to be out of the office until Thursday, but I wanted to
forward the ISDA information he has been working on.
Based on the ISDA materials attached, do you know how close (best quess:
number of days, weeks or months) we are to finalizing the contract?

Thanks,
Brian

 <<MEH Schedule to Master Agreement v.1.doc>>  <<MEH-PEC Paragraph 13 to
Credit Support.doc>>

 <<MEH-PEC ISDA.doc>>  <<MEH-PEC Credit Support Annexy-bi.doc>>

 <<MEH-PEC Paragraph 13 Exhibit A.doc>>

  ----------
  From:  Jacobsen, Fred
  Sent:  Tuesday, September 26, 2000 10:43 AM
  To:  Marozas, Brian; Huprikar, Aparna
  Cc:  Nassos, John G.; Pokorny, Judy
  Subject:  Enovate/PEC ISDA Materials

  Attached please find drafts of the following ISDA documents
to be entered into between Enovate, L.L.C. and Peoples Energy Corporation:

  1. Schedule to Master Agreement
  2. Paragraph 13 to Credit Support Annex
  3. Exhibit A to Paragraph 13 to Credit Support Annex
  4. ISDA Master Agreement
  5. ISDA Credit Support Annex.

  Brian, please forward to me the contact information for the
person handling the negotiation of these documents on behalf of Enron.
Thank you, Fred.

  <<File: MEH Schedule to Master Agreement v.1.doc>><<File:
MEH-PEC Paragraph 13 to Credit Support.doc>>

  <<File: MEH-PEC ISDA.doc>><<File: MEH-PEC Credit Support
Annexy-bi.doc>>

  <<File: MEH-PEC Paragraph 13 Exhibit A.doc>>

----------------------------------------------------------------
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
dissemination or other use of, or taking of any action in
reliance upon, this information by persons or entities other than the
intended recipient is prohibited.   If you received this in error, please
contact the sender and delete the material from any computer.

 - MEH Schedule to Master Agreement v.1.doc
 - MEH-PEC Paragraph 13 to Credit Support.doc
 - MEH-PEC ISDA.doc
 - MEH-PEC Credit Support Annexy-bi.doc
 - MEH-PEC Paragraph 13 Exhibit A.doc


Thanks so much Tana; I am not well versed in the world of ISDA and your help
is greatly appreciated.
Laurie


Don't worry - you're not supposed to let go while I'm away.

Speak to you later

Cell number 713 530 0838 or 011447778757656

-----Original Message-----
From: Lavorato, John
Sent: Sun 1/27/2002 8:31 PM
To: Calger, Christopher F.; Milnthorp, Rob; Milnthorp, Rob; Whalley, Greg; Whalley, Greg; Shively, Hunter S.; Presto, Kevin M.; Lavorato, John; Belden, Tim; Oxley, David; Kitchen, Louise
Cc: Oxley, David; Slone, Jeanie
Subject:

Ok So I'm having trouble letting go.......

9:00 am  Greg and I and Louise will meet with the back office to discuss staff.
10:00 am  We will meet discuss staff.  We need to have further meeting later with our staff to determine if we should offer other people jobs.  We have a lot of front office spots.  Slone, you need to get us a front office count by region.

I suggest that Hunter and Dave Ryan coordinate interviews for outside weather guys for next Monday.  We should bring in 10 if we can and hire 2 or 3.   I suggest Presto works with Gaskill and Will and the H guy I can't spell in Portland to put together gas and power fundies presentations for a week Tuesday.  I would like to have a clue before I start trading.

Hunter on the gas trading side I say we put all front office into 4 groups and give them a task to come up with the best Organization structure.   It will get everyone working.  We need that.  I would suggest that we start projecting our groups to death so they're focused on business.

I also suggest we put all the screens on the floor to commodity prices to keep people from watching Enron shit all day.

Lavo


Dah? Is he kidding us? Dirk

-----Original Message-----
From: "Fantz, Donald" <DIF1@pge.com>@ENRON@EES
Sent: Tuesday, November 30, 1999 8:39 PM
To: Cone, Rob
Cc: "'Dick Smith'" <dick_smith@csufresno.edu>@ENRON@EES; vanUlden, Dirk;
"Hagen, John H" <JHH4@pge.com>@ENRON@EES; "Kinert, Robert"
<RCK3@pge.com>@ENRON@EES
Subject: RE: PG&E drawing request

 Rob,
After discussion with one of our folks, who has experience with the CEQA
process, we feel that the narrative should provide what you need for our
part in the CEQA process.  If you need additional information regarding
this, please contact Mr. Gaylen Raymond at (559) 263-5239.
By the way, do we have a tentative date to meet again for around
mid-December? I will not be available on Fridays in Dec.
Don Fantz
> ----------
> From:  Cone, Rob[SMTP:Rob_Cone@enron.com]
> Sent:  Tuesday, November 30, 1999 10:32 AM
> To:  Fantz, Donald
> Cc:  'Dick Smith'; vanUlden, Dirk
> Subject:  PG&E drawing request
>
> Don
>
> Thank you again for the narrative of the proposed PG&E work on
> overbuilding the existing overhead line for the new 115kV circuit.  Can I
> still expect the drawing indicating the routing of the existing line
> sometime this week?  I need to have this info. to discuss your proposed
> work with our CEQA consultant.
>
> Thanks
>
> Rob Cone
>
> Project Manager
> Enron Energy Services
> 12647 Alcosta Blvd., Suite 500
> San Ramon, CA 94583
> Ph:925.543.3701, Fax:925.543.3550
> Pager:888.397.5826
>
>


----- Forwarded by Jeff Dasovich/NA/Enron on 04/14/2001 06:09 PM -----

	Scott Stoness@EES
	Sent by: Rosalinda Tijerina@EES
	04/13/2001 01:51 PM

		 To: James D Steffes/NA/Enron@ENRON
		 cc: Harry Kingerski/NA/Enron@Enron, Don Black/HOU/EES@EES,
jbennett@gmssr.com@ENRON, Tamara Johnson/HOU/EES@EES, Jeff
Dasovich/NA/Enron@Enron, James W Lewis/HOU/EES@EES
		 Subject: Re: Meeting 8AM Central Monday

The dial-in number is listed below (for Monday, April 16 at 8:00 a.m. (CST).

James D Steffes@ENRON
04/13/2001 01:15 PM
To: Scott Stoness/HOU/EES@EES
cc: Harry Kingerski/NA/Enron@Enron, Don Black/HOU/EES@EES,
jbennett@gmssr.com, Tamara Johnson/HOU/EES@EES, Jeff Dasovich/NA/Enron@Enron,
James W Lewis/HOU/EES@EES, Leslie Lawner/HOU/EES@EES
Subject: Re: Meeting 8AM Central Monday

Scott --

Can your assistant get a call in # for those in CA?

Jim

Scott Stoness@EES
04/13/2001 12:00 PM
To: Harry Kingerski/NA/Enron@Enron, Don Black/HOU/EES@EES, James D
Steffes/NA/Enron@ENRON, jbennett@gmssr.com@ENRON, Tamara Johnson/HOU/EES@EES,
Jeff Dasovich/Na/Enron@ENRON, James W Lewis/HOU/EES@EES, Leslie
Lawner/HOU/EES@EES, Leslie Lawner/HOU/EES@EES
cc:

Subject: Meeting 8AM Central Monday

We have agreed on a strategy, subject to Whaley/Delaney approval, to:
Scott Stoness submit testimony today advocating 2 part real time pricing in CA
Read other parties testimony this weekend from the perspective "Has somebody
filed testimony close enough to Stoness testimony, that we can cross examine
and brief to a favorable outcome?"
Meet on Monday at 8AM to decide whether to rescind Stoness's testimony.

The following dial in number and code corresponds to the Monday 8AM Central
Time meeting.
1 800 713 8600
68266 is PIN
Scott Stoness is host

Action Items:
All on To list above read and have opinion on 2 and 3 above
All on To list above meet on Monday at 8AM.  Meet in Stoness office if
possible.
Harry and Jeane polish Stoness testimony and wait to the last minute before
submitting it
Jeane ensure all on this To list get a copy of testimony, emailed as soon as
she gets it.

Scott Stoness


10/17 #439156
9/30 #420864 (This deal is under Samedan)

Are there any other days on the invoices?

D

Laurie Ellis@ENRON
11/29/2000 01:39 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Samson Lone Star Limited

Daren, I am trying to process two invoices from Samson Resources Co. (Samson
Lone Star Limited) for September 2000 and October 2000.  The volume is at
Carthage Hub.  I have not been able to find this volume in Unify for either
month.  Samson has faxed me their confirmation and your name is listed as the
contact.  Do you know the Sitara number for these deals?  Thanks.

Laurie Ellis


Opps.  When you wrote back earlier I thought you were responding to me and
not Rose's email, so I made a couple of changes and sent it out to
everyone.

The Barnas affiliate language required an affiliate to own or operate the
plant (not construct), and I was unclear on the time frame when that had to
occur.  I'll explain what happened and apologize to him if he thinks we
re-traded, and can back off of the changes.

The insanity continues here.

Kay

From: Sheila Tweed@ECT on 11/28/2000 05:25 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Turbine assignment clause

I was pretty much Ok with Rose's changes but your thoughts are good too,
although we spent a lot of time on the affiliate issue and I'm OK with an
affiliate owning or consturcting the plant.  Please carry on in my absense.
I've turned into a hostage and do not know when I may be permitted to return.


I Can help, if Rachel can watch Harris.......Heather is out of town on Sat.....My Fee for moving Ties is pretty steep though!  ...... 3 COLD BEERS!!!!!!!

MC

 -----Original Message-----
From: 	"Pape, Travis" <tpape@satake-usa.com>@ENRON [mailto:IMCEANOTES-+22Pape+2C+20Travis+22+20+3Ctpape+40satake-usa+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, September 04, 2001 3:27 PM
To:	Carson, Mike
Subject:	RE: KSU game

And it is on.  I smell bacon, do you smell bacon?  I have do some work on
early Sat. for the house, then it's go time.  Do you have any experience
moving railroad ties??

-----Original Message-----
From: Mike.Carson@enron.com [mailto:Mike.Carson@enron.com]
Sent: Tuesday, September 04, 2001 1:13 PM
To: tpape@satake-usa.com
Subject: RE: KSU game

Evidently,  there is a NEW SRO over by the old one ,,,, where they are
having the watch party.... all new Tv's ect...,,,, same cold beer(what
matters).... what do ya think about that??

MC

see attch below---->

Hey - Cat Fans

Only 5 days until the first game and the first  watch party of the year for
the KSU Wildcats!   An event that we all  have been eagerly awaiting!

Good luck to all of you that are going to  California.  Bring back a
victory!  For those of us staying here in  soggy Texas, don't forget to
come to the SRO in the Northwest Mall at 5:30 this  coming Saturday to
watch the game!!  Northwest is located at the  intersection of the Highway
290 and 610 Loop West.  The SRO opens directly  into the parking lot facing
north.  Check our web site for more information  houalum.zk-state.com.  As
we have said  before,  this new SRO has outstanding new televisions and a
great sound  system.  The whole place is new and quite spiffy.  However,
they still  have the same outstanding hamburgers!

Our new Houston Alumni Club polo shirts are in and will be on  sale
Saturday.  Price is $35.00 and these shirts are really sharp!   Purple of
course, with black collar and cuffs with a white stripe.    Shirts are
perfect for casual business wear and you can boast about Kansas State  at
the same time!  We have a limited amount so come early to get your  shirt!
We have ordered new purple tee shirts but have not yet received  them.
They should be here by Saturday and the price will be  $15.00.

SEE YOU SATURDAY!  GO CATS!

Joyce '85 and Ken' 57  Nesmith

    -----Original Message-----
   From:   "Pape, Travis" <tpape@satake-usa.com>@ENRON

[mailto:IMCEANOTES-+22Pape+2C+20Travis+22+20+3Ctpape+40satake-usa+2Ecom+3E+4
0ENRON@ENRON.com]

   Sent:   Tuesday, September 04, 2001 12:50 PM
   To:     Carson, Mike
   Subject:  RE: KSU game

   I'm all up in it, do you have any soup?

   -----Original Message-----
   From: Carson, Mike [mailto:Mike.Carson@ENRON.com]
   Sent: Tuesday, September 04, 2001 8:10 AM
   To: Trpape@aol.com; tpape@satake-usa.com
   Subject: KSU game

   What are your guys plans for the USC game this Wk end??   Cold Beers
   sound GOOOOOOOOOOOOD!

   MC

   **********************************************************************
   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.
   **********************************************************************


See attached; thanks.


Attached is PIRA's latest "Gas Basis Report."

If you have any questions regarding the report's content, please contact:
Greg Shuttlesworth (email: greg@pira.com), Tom Howard (email:
tazh@pira.com), Richard Redash (email: Rich@pira.com), Nobu Tarui (email:
nobuo@pira.com) or Jane Hsu (email: jane@pira.com), at (212) 686-6808.

Contact John Graziano regarding PIRA report distribution and address changes
at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Gas Basis Report" outside a Client's licensed
distribution area is strictly prohibited. Clients that are unsure of their
licensed distribution or require an extension of their current license
should contact their PIRA sales representative, or email to sales@pira.com.

PIRA Energy Group

 - califbasis0501.pdf


Thanks.

I'll give you a call in a little while to compare notes, status, etc.

Kay

	From:  Gregg Penman                           07/06/2000 05:07 PM

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

Subject: service agreement

You may already have seen a similar agreement, but this is a potential
template for the cash management services for MEH.

Gregg
---------------------- Forwarded by Gregg Penman/Corp/Enron on 07/06/2000
05:06 PM ---------------------------

Sam Round@ECT
06/30/2000 12:57 PM
To: Gregg Penman/HOU/ECT@ECT
cc:
Subject: service agreement

Gregg,

Attached is the service agreement that we have used for other entities

Please review

Thanks

Sam
---------------------- Forwarded by Sam Round/HOU/ECT on 06/30/2000 12:56 PM
---------------------------

	Enron Global Finance

	From:  Mary Perkins                           06/30/2000 11:41 AM

To: Sam Round/HOU/ECT@ECT
cc:
Subject: service agreement


Hi, Aparna!

Please copy me on e-mails forwarding credit worksheets as I am responsible for assigning them to the paralegals.

Thanks!

Marie
 -----Original Message-----
From: 	Panus, Stephanie
Sent:	Wednesday, July 11, 2001 8:06 AM
To:	Heard, Marie
Subject:	FW: Rand-Whitney ISDA

For the rotation.

 -----Original Message-----
From: 	Rajaram, Aparna
Sent:	Tuesday, July 10, 2001 6:12 PM
To:	Crump, Jim
Cc:	Panus, Stephanie
Subject:	Rand-Whitney ISDA

Jim,

I have reviewed the financials of Rand-Whitney and a revised ISDA worksheet was sent out to Legal on 5/22/2001. The credit provisions did not change except for the fact that the credit threshold was increased to $1.0 million.

Stepanie,

Could you please have an ISDA drafted for Rand-Whitney based on the attached spreadsheet ? Thanks.

Aparna Rajaram
Ph: (713) 345-4563
Fax: (713) 853-9476
Aparna.Rajaram@enron.com


Start Date: 2/5/02; DayAhead market;  DayAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

Error: Crawler lifetime exceeded.


New York: ConEd

A.	No customer may assign its rights or obligations under the service agreement (Jim, I've looked at this and it relates only to customer specific obligations under the retail access program - thus I agree with you that this provision is not a problem)
B.	Per the Service Agreement, EES may assign its obligations under the contract to an eligible ESCO with prior written notice to Con Edison.
C.	Per the ConEd Plan and Operating Procedure, EES can assign to another ESCO provided the customer contracts permit.
D.	EES contracts for mass markets allow for sssignment without the customers consent
Massachusetts: (BECO, WMECO, MECO, Commonwealth, Cambridge)
Either party to the agreement can assign, with 30 days prior written notice to the other paty, provided that the assignee satisfies all relevant eligibility requirements. EES will remain liable for obligations under the agreement until such obligations have been assumed by the assignee.

Ohio: First Energy
EES can asssign its rights and obligations under the tariff only with written consent from First Energy, which consent not to be unreasonably withheld.


Sara,

Any word on this?
---------------------- Forwarded by Laurel Adams/HOU/ECT on 09/11/2000 01:57
PM ---------------------------
From: Sara Shackleton on 09/07/2000 05:03 PM
To: Stephen H Douglas/HOU/ECT@ECT
cc: Laurel Adams/HOU/ECT@ECT
Subject: My voice mail regarding Instinet installation in London has become
URGENT.  Please call with questions.  Sara


Definitely.  Let's plan to talk about this next week.  (Monday, December 11).

	Scott Bolton@ENRON COMMUNICATIONS
	11/29/2000 06:04 PM

		 To: Sue Nord/NA/Enron@Enron, Donald Lassere/Enron Communications@Enron
Communications, Stephen D Burns/Corp/Enron@Enron, Xi Xi/Enron
Communications@Enron Communications, Tracy Cooper/Enron Communications@Enron
Communications, Lara Leibman/NA/Enron@ENRON, Margo Reyna/NA/Enron@ENRON,
Susan M Landwehr/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@ENRON, Marchris
Robinson/NA/Enron@ENRON, Mona L Petrochko/NA/Enron@ENRON
		 cc:
		 Subject: Interesting Cable News.....

I think this is really going to heat up over the next few months - as we
roll-out Blockbuster, possibly over cable systems, there are fees such as
franchise fees and USF that have not been dealt with by the FCC.  As you can
see below, this issue is being used as a weapon by the RBOCs (who mainly
comprise USTA) against the cables.  Regardless of what happens with
Blockbuster, EBS could get squeezed in the middle of this debate since the
RBOCs are basically attempting to blow up the current exemptions for Internet
access services and transit in order to beat on the cable companies.  We may
end up participating on the open access issue not so much for Blockbuster but
to protect our current USF exemptions on the  "information services" we
provide.

Possible weekly conference call topic?

USTA SEEKS EXPEDITED RULING ON CABLE OPERATOR USF OBLIGATIONS

The U.S. Telecom Association is pressing the FCC to speed up its
proceeding on cable operator universal service contributions, in
light of a recent decision by Cox Communications to cease paying
cable franchise fees on revenues from high-speed Internet-
services to several California municipalities.

Cox's decision to stop paying franchise fees came months after a
U.S. Court of Appeals for the Ninth Circuit (San Francisco)
decision that broadband transmission over cable TV systems is a
telecom service (AT&T Corp. v. City of Portland), and, thus,
exempt from cable TV franchise fees.  USTA said it worries that
broadband service providers also will attempt to shirk telecom
service provider universal service obligations.

USTA, which petitioned the FCC in September for a declaratory
ruling on contribution requirements, advised the agency in a ex
parte filing today that "immediate action is needed" to prevent
telecom service providers from failing to meet these obligations.
The Telecommunications Act of 1996 requires all interstate
telecom service providers, with few exceptions, to contribute to
the universal service fund.

"Cox apparently is seeking to reap what benefits it can from the
holding of the City of Portland [decision], without any known
commitment to meet its universal service obligations," said
Lawrence E. Sarjeant, USTA vice president-regulatory affairs and
general counsel.  "Cox's reasoning appears to be that high-speed
data service is not considered a cable service under [AT&T v.]
City of Portland, so that Cox no longer must pay cable
franchising fees for that service.

"However, to USTA's knowledge, Cox has not committed to paying
universal service contributions consistent with its obligations"
as a telecom service provider, he said.

To prevent additional companies from following Cox's lead, USTA
said, the Commission should move up the reply comment deadline to
Dec. 15, 2000.  The FCC in its notice of inquiry on competitive
"open access" to cable TV systems (GN docket no. 00-185) had set
a Jan. 10, 2001, deadline (TR, Oct. 2).


Hi Tana

Thanks very much for forwarding.  Can you please confirm that the document
you had attached were signed without amendment or negotiation with ICE.

Regards

Amita

From: Tana Jones on 01/11/2000 14:36 CST
To: Amita Gosalia/LON/ECT@ECT
cc: Lydia Cannon/HOU/ECT@ECT

Subject: IntercontinentalExchange, LLC

We had the attached agreement executed by each of Enron North America, Enron
Canada and Enron Power Marketing.
----- Forwarded by Tana Jones/HOU/ECT on 11/01/2000 02:35 PM -----

	Andy Zipper@ENRON
	10/12/2000 05:44 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: IntercontinentalExchange, LLC

Tana,
Can you please have ENA, EPMI, and Enron Canada Corp. each sign a copy of the
participant agreement attached below for the Intercontinental Exchange. When
signed please return them the fax number listed and let me know when they
have gone out. I got Mark Taylor's okay on this.
Let me know if you have any questions.
Andy
---------------------- Forwarded by Andy Zipper/Corp/Enron on 10/12/2000
04:52 PM ---------------------------

Duuna Richardson <duuna.richardson@intcx.com> on 10/05/2000 11:54:52 AM
To: "'Andy.zipper@enron.com'" <Andy.zipper@enron.com>
cc: Rafe Pirutinsky <rafael.pirutinsky@intcx.com>

Subject: IntercontinentalExchange, LLC

>  Dear Andy,
>
>  Per Rafael Pirutinsky of Intercontinental, attached is some
> additional information about The ICE.
>
>  First, is an electronically executed copy of our Participant
> Agreement signed by each customer and our Service and Pricing Schedules.
> If you have any questions,  please call Chuck Vice at 770.738.2129.  If
> not, you may execute and return a copy to Chuck's attention at the address
> below at your earliest convenience.
>
>  Also attached is our Customer Information Packet which contains a
> functional and technical overview of our trading system, The ICE, as well
> as instructions for downloading the application and requesting access as a
> Demo User.  If you have any questions regarding this packet, please call
> the ICE Helpdesk at 770.738.2101.  They can answer your technical
> questions or have an appropriate technology representative speak with you.
>
>  Thank you for your interest.
>
>  Regards,
>
>  Duuna Richardson
>  IntercontinentalExchange, LLC
>  2100 RiverEdge Parkway, Suite 400
>  Atlanta, GA  30328
>  Tel:    770.738.2137
>  Fax:   770.951.5481
>  ---------------------------------------------------
 <<Participant Agreement 080200.doc>>  <<Service and Pricing Schedules.doc>>
 <<Customer Information Packet.doc>>