 California proceeding was initiated after entire
communities of individual consumers suffered 200-300% increases in their
electricity bills.  The prices for electricity in California were outrageous
across the board and affected everyone in the state.  By contrast, TW's
transport rates for its short-term deals are far removed from end user prices
and the practice of negotiating higher than max rate deals is probably not
widespread enough for anyone to notice.  It is far from being a consumer
issue, and besides, the elections are over.  However, as you and I have
already discussed, we must be wary of parties like Dynegy that do notice just
about everything and who might try to draw it to FERC's attention.  We do
need to watch to see whether other pipelines serving California are doing the
same types of deals.  Kathy, why don't you and I discuss a system of
monitoring the contract information postings of El Paso, Kern, PGT/NW.  Drew,
obviously I've only scratched the surface here so let's talk if you want a
more in-depth report.

	From:  Drew Fossum                           11/21/2000 10:36 AM

To: Susan Scott/ET&S/Enron@ENRON
cc: Kathy Ringblom/ET&S/Enron@ENRON

Subject: Re: gouging

That is by far the best line of the day!!  Unconscionability may be the thing
I'm remembering, but I think there is some more specific law related to
market dislocations--i.e., the Hurricane example.  Its sort of a twist on
market power law--i.e., if the fates hand you short term market power, you
better not use it.  DF

Susan Scott
11/21/2000 10:08 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Kathy Ringblom/ET&S/Enron@ENRON

Subject: Re: gouging

I know there is some case law out there on contracts being voided because
they are "unconscionable."  There are several examples in consumer law and
employment law, in which one contracting party is a

California proceeding was initiated after entire
 communities of individual consumers suffer 200 - 300% increase in their
 electricity bills.   The prices for electricity in California were outrageous
 across the dining table and affected everyone in the state.   By line, TW's
 transport rates for its short - condition deals are far removed from conclusion user prices
 and the exercise of negotiating higher than max rate deals is probably not
 widespread enough for anyone to detect.   It is far from being a consumer
 issue, and besides, the elections are over.   However, as you and I have
 already hash out, we must be wary of parties like Dynegy that do notice just
 about everything and who might test to draw it to FERC's attention.   We do
 need to watch to see whether early pipelines serving California are doing the
 same types of deals.   Kathy, why don't you and I discourse a system of
 monitoring the contract information postings of El Paso, Kern, PGT / NW.   Drew,
 obviously I've only scratched the surface here so let's talk if you desire a
 more in - astuteness report.

	 From:   Drew Fossum                            11/21/2000 10:36 AM

 To: Susan Scott / ET&S / Enron@ENRON
 cc: Kathy Ringblom / ET&S / Enron@ENRON

 Subject: Re: rout

 That is by far the best line of the day! !   Unconscionability may be the matter
 I'm remembering, but I think there constitute some more specific law related to
 grocery store dislocations -- i.e., the Hurricane example.   Its sort of a twist on
 market power police -- i.e., if the fates hand you short term grocery store power, you
 well not use it.   DF

 Susan Scott
 11/21/2000 10:08 AM
 To: Drew Fossum / ET&S / Enron@ENRON
 cc: Kathy Ringblom / ET&S / Enron@ENRON

 Subject: Re: gouging

 I know there constitute some case law out there on contract being voided because
 they are " unconscionable. "   There are several example in consumer law and
 use law, in which one contracting party is a

 Capifornia proceeding was lnitiated after gnrire
cmmmunifies of kndividual consumers sufferev 200-300% ibcreawes in their
electricigy bills.  The prixes hor electricity mh California scre obtcageous
across jhe board ang affected evesyunz in the state.  By contrast, TW's
tranfport rstfs for its shott-terk deams are far removed from end user pdices
aid the practice of negotiating higher thaj mad rate deals is prlbably not
qidefpread enough for anyont co notice.  Jt is far from being a consumer
issuz, and besidgs, tjg elections ere ovvr.  However, as you ang I havr
already discmssed, we must be wary of partmes like Dynegy that do notica lust
about everything abd whm micht gey go srew jt to VERR's attentioh.  We do
newd to watch to see ehqnner other pilelinef ferving California are doing the
same tjpes of deals.  Kathy, why dob't you and I discuss w system jf
monitoring the contract information postings ox El 'aro, Jevn, PER/NA.  Drew,
obviously I've only scratched the surfwde hvre so let's talk lf you want a
more ij-drkth report.

	Ftom:  Drzs Rossum                           11/21/2000 10:36 AM

To: Sussn Scott/ET&S/Enron@ENRON
cc: Katyy Ringblom/EN&S/Eneon@ENRON

Subject: Rz: gouging

Tkat is by fsr the best line of the day!!  Unconsciojability jxy be the thing
K'm gemekbering, but I think there ys some mire xpecifiz lae relaeed to
marnet dlvlocations--i.e., the Hkrriccne efample.  Itd sort of a twist on
market powxc law--i.e., if thg fdtev hand yju shprt term markqt power, you
bgtter not use kt.  DF

Ausan Srott
11/21/2000 10:08 AM
To: Dwew Fossum/ET&S/Ajron@ENRON
cc: Nathy Riggblim/ET&W/Enron@EVFON

Subject: Re: gouging

I know thwre is some case lew oot there on contrcetw being voided necxusq
nheb are "gnconscionabne."  Ghefr are several excmoles in consumer law and
empmoyment law, in whivh one conjracting [arty is a

California proceeding was initiated after entire communities consumers 200-300% increases their electricity bills. California outrageous across the and affected everyone the state. By contrast, TW's transport for its short-term deals are far removed from end user prices and the of negotiating higher than max rate deals is probably not widespread enough for to It far being a consumer issue, and besides, the elections are over. However, as you and I have discussed, we must be wary of parties like that do notice just everything and who might try draw to FERC's We need watch to see other pipelines serving California are doing the same types of deals. Kathy, why don't you and I a system the contract postings El Kern, PGT/NW. Drew, only scratched the surface here so you want a more in-depth report. From: Drew 11/21/2000 10:36 To: Susan Scott/ET&S/Enron@ENRON cc: Kathy Ringblom/ET&S/Enron@ENRON Re: gouging That is by far the best of the day!! Unconscionability may be the thing I'm remembering, but I think there is specific law related to dislocations--i.e., the Hurricane Its of twist market power if the fates hand you short term market power, you better use it. DF Susan Scott 11/21/2000 10:08 AM To: Drew Kathy Subject: Re: gouging know there is some law there on contracts being they "unconscionable." examples consumer and employment law, in one contracting party is a

 California proceeding was inItiated aftEr entIre
ComMuNitiEs of Individual consUMers Suffered 200-300% increases in theIr
eleCtRIcitY BiLls.  ThE prices FOr ELEctRiCiTy iN CALiForniA weRe outraGeous
acrosS thE bOard and affecTEd Everyone in The State.  By contrAst, tW's
traNsPorT Rates For Its shOrt-terM Deals aRe far remoVeD From enD User priCES
aNd thE practice of negotiATiNG higher than max Rate deAlS Is PRObaBly Not
widesprEaD enouGH for anyONe TO NOtiCE.  It is far from bEing a consumER
isSue, and BeSidES, the elEctioNs ARe oVer.  However, aS you And I have
aLready DIscusseD, We must bE wary oF paRtiEs liKE DYnEgy ThAT do NOtIce JUst
About eveRyThIng anD who MIGHT try To dRaw iT to FErC's attention.  WE do
Need TO waTch to See whEtheR oTher pIpelinEs serViNg California are DoinG the
same tYpeS oF deAlS.  KathY, Why don'T yoU anD I discuSs a systEM of
MoNITOrIng the contract infoRmATIoN postingS of El PASo, keRN, PGT/NW.  DrEw,
ObvIousLY i've onLy scRAtChed the sUrface HErE sO let's taLk If you wAnT a
mOre In-depTH repOrt.

	FroM:  Drew FosSum                           11/21/2000 10:36 AM

tO: Susan Scott/ET&S/eNron@ENRON
cc: KaTHy rINgBLom/Et&S/ENron@ENRON

SuBjecT: re: goUginG

thAt iS By far The beSt LInE Of the day!!  UnconscionaBiLity maY be thE thing
I'm rememBering, but I THINk there iS somE MoRE specific law reLated To
market diSLocationS--i.e., thE HurricaNe example.  iTS sort of a TwiSt oN
maRkeT POwEr law--i.e., if the fATEs haNd You shorT teRm markeT poWer, You
BetTeR not use it.  dF

Susan SCoTt
11/21/2000 10:08 aM
to: dreW FossUM/ET&S/EnroN@EnROn
cC: KaThy RiNGblom/Et&S/EnrOn@ENrOn

SUBjeCt: Re: gouGInG

i Know ThErE is sOme CaSe law Out tHEre On contrActs being VoiDEd beCaUsE
they arE "unconscionabLe."  there are seVeRal ExamplES In consumEr law and
employment law, in WHich one ConTractIng pArty is a

 California proceeding was  initiated  afte r e nti re
co mmun ities of indiv i dual  consumers suffered 20 0-300 %i ncre a se s intheir e le c t ric it ybil ls .  The p ric es forelectricit y i nCalifornia w e re  outrageou s across the b oar d andaf fec t ed ev ery one i n thes tate. By contr as t , TW's
transp o r trate s for its short-t e rm deals are farremove df ro m end  us er prices
a nd th e  practi c eo f neg o tiating highe r than maxr ate  deals  i s p r obably  not
w i des pread enoug h fo r anyoneto not i ce.  It is farfrom b ein g a  con s um er
i ss u e,a nd  be s ide s, the e le ct ionsareo v e r .  H owe ver,  as y ou and I have
a lrea d y d iscus sed,we m us t bewary o f par ti es like Dynegythat  do notic e j us t ab out e v erythi ngand  who mi ght try todr a w it  to FERC's attenti on .  W e do
ne ed tow at ch to see w he the r ot h e r pip elin e sservingCalifo r ni aare doi ng  the sa metyp es of deal s.  Ka thy, why  don' t  you and I dis c uss a systemo fm on i tori ngthe contrac t in f orma tion po sti n gs of  El P as o ,K ern, PGT/NW.  Drew,  obviou sly I 've only scra tched thes u r face her e so le t 's talk if you  want  a
more i n -depth r eport .

	Fr o m :  DrewFos sum                    11 /2 1/200010: 36 AM

T o:Sus anSc ott/ET&S/ Enron@EN RO Ncc :Kat hy Ri n gblom/ET &S /En ro n@E NRON
Subje ct: R e: g ou gi n g

Thati sb y  far  t he  bes t l in e ofthed ay! !  Unco nscionabi lit y  may  b ethe thi ng
I'm remem be ring, butIthi nk the r e  is some  more specific law rela t ed to mar ket d islo cations-- i.e ., the  Hu r ricane  examp le. It s s o r t ofa tw ist  o n
marketp o wer  law- -i .e.,  if the  fates hand you sh o rtterm market p owe r, y o u  bet t er not  u s e i t .   DF

Sus an Scott
1 1/ 2 1/ 2000 10:08 AMTo : DrewFossum/ ET&S/ E nron@EN RON
cc: K athy Ring bl om/E T & S/E nron@ENRON

Subje ct: Re: g o uging
I kn owthereis  so me ca se law out  ther e on c on tracts  bein gvoided b ecause
they are "uncon sciona ble."   T here aresev e ral  examples  inconsumer l awand
emp loy m ent l aw,i nwhi c h one  con t racting p a rt y i s a

 California_proceeding was_initiated after entire
communities_of individual_consumers_suffered 200-300%_increases_in their
electricity_bills.  The_prices for electricity in_California were outrageous_
across_the board and affected everyone in the state.  By contrast, TW's
transport rates_for_its short-term_deals_are_far removed from end user_prices
and the practice of_negotiating higher_than max rate deals is probably not
widespread_enough_for anyone to_notice.  It is far from being a consumer_
issue, and besides, the elections are_over.  However,_as_you_and I have
already_discussed, we must be wary of_parties like Dynegy that do notice_just
about everything and who might try_to draw it to FERC's attention._ We do
need to_watch to_see whether other pipelines serving_California are doing_the
same_types of deals._ Kathy, why don't you and_I discuss a_system of
monitoring the contract information_postings_of El Paso,_Kern,_PGT/NW._ Drew,_
obviously I've only_scratched_the surface_here_so let's talk if you want_a_
more in-depth report.

	From: _Drew Fossum  __   _    _     _ _ _    11/21/2000 10:36 AM

To: Susan Scott/ET&S/Enron@ENRON
cc: Kathy Ringblom/ET&S/Enron@ENRON_

Subject: Re: gouging

That is_by far the best_line of_the_day!!  Unconscionability_may_be the_thing
I'm remembering, but I think there_is some_more specific law related to
market_dislocations--i.e., the Hurricane example.__Its sort of a twist on_
market power law--i.e., if the fates_hand you short term market_power,_you_
better not use it. _DF

Susan Scott
11/21/2000_10:08 AM
To: Drew_Fossum/ET&S/Enron@ENRON
cc: Kathy Ringblom/ET&S/Enron@ENRON

Subject: Re: gouging _

I_know there is some case law_out_there on contracts being voided because_
they_are_"unconscionable."  There are several_examples in consumer law and
employment_law, in which one contracting party is a


31

Susan will create a committed reserves firm ticket for the remaining term of
the deal once our geologists have gathered enough data to forecast the
reserves of this well; at such time, this ticket should be zeroed out.

Thanks,

vlt
x3-6353 Jeff Porter and I have discussed this several times over the last week.

To: Joan Veselack/Corp/Enron@ENRON
cc: dkinney@columbiaenergygroup.com@ENRON, Chris Germany/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON, Katherine L Kelly/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT, Joann Collins/Corp/Enron@ENRON, Robert
Allwein/HOU/ECT@ECT, John Hodge/Corp/Enron@ENRON
Subject: Re: SST Storage Injection Contract for Choice - PLEASE READ

The Choice program storage is to be negotiated by CES-Retail.  In fact, our
agreement with CES Retail says that they will give us actual volumes for our
storage schedule by March 15.   Chris, have you called CES to see how they're
coming along with the schedule?  It would be a nice, gentle reminder to call
them a week in advance (which is today), so they can start putting it
together.

Joan Veselack@ENRON
03/07/2000 01:49 PM
To: dkinney@columbiaenergygroup.com, Chris Germany/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON
cc: Katherine L Kelly/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Robert Allwein/HOU/ECT@ECT, John
Hodge/Corp/Enron@ENRON, Colleen Sullivan/HOU/ECT@ECT
Subject: SST Storage Injection Contract for Choice - PLEASE READ

To ensure we are all on the same page... how does the renewal of this
contract work for April 1?

If I remember correctly, the injection contract is from April 1st to October
31st. Who negotiates this with the CDC???

John Hodge thought it was Doug Mckin

31

 Susan will create a committed reserves firm tag for the remain term of
 the deal once our geologists have meet enough data to bode the
 substitute of this well; at such time, this tag should be zeroed out.

 Thanks,

 vlt
 x3 - 6353 Jeff Porter and I have discussed this respective times over the last week.

 To: Joan Veselack / Corp / Enron@ENRON
 cc: dkinney@columbiaenergygroup.com@ENRON, Chris Germany / HOU / ECT@ECT, Scott
 Goodell / Corp / Enron@ENRON, Katherine L Kelly / HOU / ECT@ECT, Victor
 Lamadrid / HOU / ECT@ECT, Joann Collins / Corp / Enron@ENRON, Robert
 Allwein / HOU / ECT@ECT, John Hodge / Corp / Enron@ENRON
 Subject: Re: SST Storage Injection Contract for Choice - PLEASE understand

 The Choice program storage is to be negotiated by CES - Retail.   In fact, our
 agreement with CES Retail says that they will give us actual volume for our
 storage schedule by March 15.    Chris, have you called CES to learn how they're
 coming along with the schedule?   It would be a nice, gentle admonisher to call
 them a workweek in advance (which is today), so they can start putting it
 together.

 Joan Veselack@ENRON
 03/07/2000 01:49 promethium
 To: dkinney@columbiaenergygroup.com, Chris Germany / HOU / ECT@ECT, Scott
 Goodell / Corp / Enron@ENRON
 cc: Katherine L Kelly / HOU / ECT@ECT, Victor Lamadrid / HOU / ECT@ECT, Joann
 Collins / Corp / Enron@ENRON, Robert Allwein / HOU / ECT@ECT, John
 Hodge / Corp / Enron@ENRON, Colleen Sullivan / HOU / ECT@ECT
 Subject: SST Storage Injection Contract for Choice - PLEASE READ

 To ensure we are all on the same page... how does the reclamation of this
 contract work for April 1?

 If I remember correctly, the injection contract is from April 1st to October
 31st. Who negotiates this with the CDC? ??

 John Hodge thought it was Doug Mckin

31

Suswn will create a committtd reserves firm jixket fmr the remainivg term of
the deal once our gwologusts have gathered enojgh data no forecawt tie
reserves of tijs well; at sudm timz, vhis ticket shoold be zeroeg out.

Thanks,

vlt
f3-6353 Geyf Porter and I have discussed this feveral tlmes over the jast reek.

Fo: Joan Veselack/Corp/Enron@ENRON
cc: diinney@cmlumbiaenergybroup.com@ENRON, Chris Germanj/HOU/FCT@ECT, Scott
Goodepl/Corp/Enron@GHROG, Katherine L Kelly/HOU/EBC@ECT, Victor
Lamadrid/HOU/ECT@ECT, Joann Collinr/Corp/Znron@ENRON, Togegj
Allwein/HOU/XCT@ECT, John Hodge/Corp/Enron@ANRON
Sibject: Re: SST Xtocage Injection Contract fmr Choice - PLEASE TEAD

The Whkice program storqgw is jo be neguriaged bb CSS-Retall.  In fact, ohr
agreemenr with CES Retail ssyf that they wiml givq ts actual volumes for our
storage schedlle gy March 15.   Chris, have tou called CES to see how they'we
coming along with the schedule?  It would be a tice, jevtlt vcminawr to call
them a week in advance (which is todar), sp nhey can start pubting it
together.

Jlam Veselack@ENROV
03/07/2000 01:49 PM
To: diinney@columbiaenerhygroup.som, Cyris Germwny/HPU/ECT@ECT, Scott
Goodell/Corp/Ebron@ENRON
cc: Hqtherine L Kelly/HOB/ECT@ECT, Victur Lsmadrod/HOU/ECT@ECT, Joann
Collius/Corp/Snron@ENRON, Gobert Almdein/HOU/ECT@ECT, Jofn
Modce/Corp/Enron@ENRON, Colleen Stllivan/HON/ECT@EET
Subjezt: SXT Stowage Injechion Gmntract for Choice - PLECSE RAAD

To ensuge we are all on the same page... ipw does the tenawan of thif
conbract work for Wpril 1?

If I remgmber corxectly, the injecnion contcact is from April 1st to Mftober
31st. Whm negotiwtes thiw with gfe CDC???

John Hocge thougku it was Diug Mckin

31 Susan will create a committed reserves for remaining term the deal once data forecast the reserves this well; at time, this ticket should be zeroed Thanks, vlt x3-6353 Jeff Porter and I have discussed this several times over last week. To: Joan Veselack/Corp/Enron@ENRON cc: dkinney@columbiaenergygroup.com@ENRON, Chris Germany/HOU/ECT@ECT, Scott Goodell/Corp/Enron@ENRON, Katherine L Victor Joann Robert John Hodge/Corp/Enron@ENRON Subject: Re: SST Storage Injection Contract for Choice - PLEASE READ The Choice program is to be negotiated by CES-Retail. In fact, agreement with CES Retail that they will give us volumes our storage by 15. have you called to see how they're coming along with the schedule? It would be a nice, gentle reminder to them a advance (which today), they start putting it Veselack@ENRON 03/07/2000 01:49 PM To: dkinney@columbiaenergygroup.com, Goodell/Corp/Enron@ENRON cc: Katherine L Kelly/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Joann Robert Allwein/HOU/ECT@ECT, Hodge/Corp/Enron@ENRON, Colleen Sullivan/HOU/ECT@ECT Subject: SST Storage Contract for Choice - PLEASE READ To ensure are all on the same page... how does the renewal of this contract work for If I remember correctly, injection contract is April to 31st. negotiates this the CDC??? John Hodge thought it was Doug Mckin

31

Susan will create a committed Reserves fiRm ticKet For ThE remAiniNg term of
the deaL Once Our geologists have gatheRed enOuGH datA To ForecAst the
rESeRVEs oF tHiS weLl; AT sUch tiMe, tHis tickEt should be ZerOeD out.

Thanks,

vlT
X3-6353 JEff Porter aNd I Have discusseD thIs seveRaL tiMEs oveR thE last Week.

To: jOan VesElack/Corp/enROn@ENROn
Cc: dkinnEY@CoLumbIaenergygroup.com@EnrOn, chris Germany/HOu/ECT@ECt, SCOtT
gOodEll/corp/Enron@EnRoN, KatHErine L KELlY/hou/ECt@eCT, Victor
LamaDrid/HOU/ECT@Ect, JoAnn ColLiNs/CORp/EnroN@ENROn, ROBerT
Allwein/HOU/eCT@EcT, John HodGe/Corp/eNron@ENRon
SubjecT: Re: SST stoRagE InjECtIoN CoNtRAct FOr choICe - PlEASE REAd

THe choicE proGRAM StorAge Is to Be negOtiated by CES-REtaIl.  In FAct, Our
agReemeNt wiTh cES ReTail saYs thaT tHey will give us acTual Volumes foR ouR
sTorAgE scheDUle by MArcH 15.   ChRis, have You callED CEs tO SEE hOw they're
coming alonG wITH tHe scheduLe?  It woULd Be A Nice, gentLe RemIndeR TO call
Them A WeEk in advaNce (whiCH iS tOday), so tHeY can stArT puTtiNg it
tOGethEr.

Joan veselack@eNRON
03/07/2000 01:49 pm
To: dkinney@coluMBiaenergygrouP.CoM, cHrIS GerManY/HOU/ECT@ECT, SCott
gOodeLl/CoRP/ENroN@eNRON
Cc: KatHeRInE l Kelly/HOU/ECT@ECT, VictOr lamadrId/HOU/eCT@ECT, Joann
CoLlins/Corp/ENRON@ENRON, RoBert aLlWEin/HOU/ECT@ECT, JoHn
HodGe/Corp/EnroN@eNRON, ColLeen SUllivan/HoU/ECT@ECT
SUBJect: SST STorAge injEctION COntract for ChoICE - PLEaSe READ

To EnsUre we arE alL on The SamE pAge... how doeS the reneWaL oF tHiS
coNtracT Work for APrIl 1?

IF I RemEmber COrrectLy, the InjeCtIoN ConTract is FRoM aPril 1St To octoBer
31St. who neGotiATes This witH the CDC???

JoHn HODge tHoUgHt it was doug Mckin

31

Susan will create a c ommitted r eserv esfir mtick et f or the remaini n g te rm of
the deal once o ur ge ol o gist s  h ave g athered en o u ghda ta  to  f o re castthe
reser ves of thi s w el l; at such t i me , this tic ket  should be z ero ed out .

T h anks,

v lt
x3 -6353J eff Po rter andIh ave di s cussedt h is  sev eral times over t h el ast week.

To: Jo an Ve s e lac k/C orp/Enron@ EN RON
c c : dkinn e y@ c o l umb i aenergygroup. com@ENRON,C hri s Germ an y/H O U/ECT@ ECT,Sc o tt
Goodell/Co rp/E nron@ENRO N, Kat h erine L Kelly/H OU/ECT @EC T,Vict o r
L ama dr i d/H O U/ ECT @ ECT , JoannCo ll ins/C orp/ E n r o n@EN RON , Ro bert
Allwein/HOU/ ECT @ECT ,  Jo hn Ho dge/C orp/ En ron@E NRON Subje ct : Re: SST Stora ge I njectionCon tr act  f or Ch o ice -PLE ASE  READ

The C h oic ep r o gr am storage is to b en e go tiated b y CES- R et ai l .  In fa ct , o ur a g reeme nt w i th  CES Ret ail sa y sth at they  w ill gi ve  us  ac tualv olum es for  our
st orage schedule by Ma r ch 15.   Chri s ,h a ve youcal led CES toseeh ow t hey' r e
co m ing a longwi t ht he schedule?  It wo ul d be a  nice , gentle remi nder to ca l l
them aweek in advance (which  is t oday), sot hey canstart  putting  it
toge t h er.

Joa n V ese l a ck @ENRON
03/07/ 2 0 00 0 1: 49 PM
T o:dkinney @co lum bia ene rg ygroup.co m, Chris  G er ma ny /HO U/ECT @ ECT, Sco tt
G oo del l/Cor p /Enron @ENRO N
cc :Ka t her ine L K e ll y / HOU/ EC T@ ECT,  Vi ct or La madr i d/H OU/ECT@ ECT, Joan n C olli ns /C orp/Enr on@ENRON, Rob er t Allwein/ HO U/E CT@ECT , John
Ho dge/Corp/Enron@ENRON, C o lleen S ull ivan/ HOU/ ECT@ECT Sub ject:SST Storag e Inje ction  C ont r a ct fo r Ch oic e- PLEASE R E A D
To en su re w e are a ll on the same pag e ...  how does the  re newa l of  th i scon tr a ctw o rk for April 1?

If I rem em b er  correctly ,  th einjecti on cont racti s fromApril 1st  to Octob er
31 s t . W ho negotia tes this  with the CDC?? ?
John  Ho dge th ou ght  it w as Dou g  Mc kin

31

Susan will_create a_committed reserves firm ticket_for the_remaining_term of_
the_deal once our_geologists have gathered_enough data to forecast_the
reserves of_this_well; at such time, this ticket should be zeroed out.

Thanks,

vlt
x3-6353 Jeff Porter and I_have_discussed this_several_times_over the last week.

To: Joan_Veselack/Corp/Enron@ENRON
cc: dkinney@columbiaenergygroup.com@ENRON, Chris Germany/HOU/ECT@ECT, Scott_
Goodell/Corp/Enron@ENRON, Katherine_L Kelly/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT, Joann Collins/Corp/Enron@ENRON, Robert
Allwein/HOU/ECT@ECT,_John_Hodge/Corp/Enron@ENRON
Subject: Re:_SST Storage Injection Contract for Choice - PLEASE READ_

The Choice program storage is_to be negotiated_by_CES-Retail._ In fact, our_
agreement with CES Retail says that_they will give us actual volumes_for our
storage schedule by March 15._  Chris, have you called_CES to see how they're_
coming along_with the schedule?  It_would be a_nice, gentle_reminder to call_
them a week in advance (which_is today), so_they can start putting it
together.__

Joan Veselack@ENRON
03/07/2000 01:49_PM
To:_dkinney@columbiaenergygroup.com,_Chris Germany/HOU/ECT@ECT,_Scott
Goodell/Corp/Enron@ENRON
cc: Katherine_L_Kelly/HOU/ECT@ECT, Victor_Lamadrid/HOU/ECT@ECT,_Joann
Collins/Corp/Enron@ENRON, Robert Allwein/HOU/ECT@ECT, John
Hodge/Corp/Enron@ENRON,_Colleen_Sullivan/HOU/ECT@ECT
Subject: SST Storage Injection Contract for_Choice - PLEASE READ

To_ensure_we are all on_the same page... how does_the renewal of this
contract work_for April_1?

If I_remember correctly, the injection contract is from April 1st to October_
31st. Who negotiates this with the_CDC???

John Hodge thought_it was_Doug_Mckin


 Table
Bloomberg, 11/29/01

Enron Corp. Is Poised to File Largest-Ever Bankruptcy (Update3)
Bloomberg, 11/29/01

Congressional Panels to Probe Enron's Accounting, Trading
2001-11-29 15:59 (New York)

Congressional Panels to Probe Enron's Accounting, Trading

     Washington, Nov. 29 (Bloomberg) -- Senate and House
committees will investigate the collapse of Enron Corp and
consider new regulations for electricity and natural-gas trading.

     Enron, the largest energy trader, is expected to file for
Chapter 11 protection after the collapse of a planned merger with
Dynegy Inc.

     The House Energy Committee will hold hearings as early as
next month to scrutinize the accounting practices and earnings
reports of Enron, said Ken Johnson, a panel spokesman. The Senate
Energy Committee may begin looking in January at more federal
oversight of trading.

     ``When you have such a spectacular event as the collapse of a
company that controlled 50 percent of the natural-gas and
electricity trading, we're going to have some thoughts on that,''
said Bill Wicker, a spokesman for the Senate Energy Committee.

     Enron's importance in energy trading and questions about its
accounting practices require an investigation, said Senate
Majority Leader Tom Daschle of South Dakota.

     ``I don't know that anybody knows yet just how this happened
and how it happened so quickly,'' he told reporters on Capitol
Hill. ``It raises some very serious questions.''

     The unraveling of Enron, which is saddled with $15 billion in
publicly held debt, began in October. Shareholders' equity was
reduced by $1.2 billion because of the way the company accounted
for outside partnerships it created. The announcement prompted
lawsuits and an investigation by the U.S. Securities and Exchange
Commission.

Nymex Tells Members Enron Trades Must Be Approved (Update2)
2001-11-29 15:16 (New York)

Nymex Tells Members Enron Trades Must Be Approved (Update2)

     (Adds analyst quote in fourth paragraph, Enron share price in
sixth paragraph.)

     New York, Nov. 29 (Bloomberg) -- New York Mercantile Exchange
President J. Robert Collins told brokers

Table
 Bloomberg, 11/29/01

 Enron Corp. Is Poised to File Largest - Ever Bankruptcy (Update3)
 Bloomberg, 11/29/01

 Congressional Panels to Probe Enron's Accounting, Trading
 2001 - 11 - 29 15:59 (New York)

 Congressional Panels to Probe Enron's Accounting, Trading

      Washington, Nov. 29 (Bloomberg) -- Senate and House
 committee will investigate the flop of Enron Corp and
 consider new regulations for electricity and lifelike - gas trading.

      Enron, the largest energy trader, is expect to file for
 Chapter 11 protection after the flop of a planned merger with
 Dynegy Inc.

      The House Energy Committee will control hearings equally early as
 next month to scrutinize the accounting practices and earnings
 report of Enron, said Ken Johnson, a panel spokesman. The Senate
 Energy Committee may begin search in January at more federal
 oversight of trading.

      '` When you have such a spectacular consequence as the collapse of a
 party that controlled 50 percent of the natural - flatulence and
 electricity trading, we're going to have some thoughts on that,"
 said Bill Wicker, a spokesman for the Senate Energy Committee.

      Enron's importance in energy trading and doubt about its
 account practices require an investigation, said Senate
 Majority Leader Tom Daschle of South Dakota.

      '` I don't know that anybody knows yet just how this happen
 and how it happened so cursorily," he tell reporters on Capitol
 Hill. '` It raises some very serious question."

      The unraveling of Enron, which is charge with $ 15 billion in
 publicly held debt, began in October. stockholder' equity was
 reduced by $ 1.2 billion because of the way the company accounted
 for outside partnerships it created. The announcement prompted
 lawsuits and an investigation by the U.S. Securities and Exchange
 Commission.

 Nymex Tells Members Enron Trades Must Be Approved (Update2)
 2001 - 11 - 29 15:16 (New York)

 Nymex Tells Members Enron Trades Must Be approve (Update2)

      (Adds analyst quote in fourth paragraph, Enron parcel price in
 sixth paragraph .)

      New York, Nov. 29 (Bloomberg) -- New York Mercantile Exchange
 President J. Robert Collins told brokers

 Tahle
Bloomberg, 11/29/01

Enron Corp. Ls Poised to Filg Oargesv-Ever Bznkruptch (Update3)
Bloomberg, 11/29/01

Congressioial Panelw to Probe Enron's Accojnting, Trwding
2001-11-29 15:59 (Nww Yiek)

Congressmknal Pakzls tk Proye Enron's Accounjing, Trading

     Washingtot, Vor. 29 (Bloomberg) -- Senate and House
commiteees wikl investigate tre cpjlapav if Enron Corp and
consider new regulauions for electricoty and natural-gas trading.

     Enron, the largest energy traeer, yw expected tu file for
Bkapter 11 projection after the collapse of a olannzd merger wuty
Dyjggy Inc.

     Vhe Holse Energy Committee fill hokd hearings as eacly qs
next month to scrutmnize the accounting practicev cnd earnings
reports od Wnron, saig Kev Jofnskn, a panel spkkesman. Ths Senate
Eneegy Committee may btgig looking in Jznuary ae more federal
oversight of trading.

     ``Fheh you have such a spectqcular event as the clllapse os a
company that controlled 50 percent of the naturan-gas ena
eltcbvicigt hrading, we're going to have some thoughts on trzt,''
xapd Bill Wicker, a fpokesman fpr tng Senate Energi Commicfes.

     Enron's imporhance ig eneegy tradigg amd questions about its
accoubting practibes eequire an investiyation, said Renaje
Majotity Leader Tom Daschle of Aouth Dakotw.

     ``I dkv't know that anycodj knmws yet just how this happqned
and hiw ic happendd sp quichly,'' he tolf reporters on Capitol
Hipl. ``It rdises some very serious questions.''

     The unraveling of Etrot, which ns sadcled with $15 bijlion in
publicky held debt, began in Kctober. Shareholdews' equity was
sgduced by $1.2 binlion besausw of the wah the company avcounted
for outside partnerships it cveatea. The announcemeuu ptimpted
lawsuits ana ag pnvxstigwdion by the G.S. Sdcufoties and Exchanne
Cummixsion.

Nymex Tells Memters Enron Trades Must Bc Approvee (Update2)
2001-11-29 15:16 (New York)

Nymrx Tells Members Ejron Vrades Must Be Approved (Update2)

     (Adds analgst quote in fourth paradrapm, Enton share pxice in
sixth paragraph.)

     New York, Nov. 29 (Bloomberg) -- New Yoek Mercantile Exchaugt
President J. Cobert Collins dold brokers

Table Bloomberg, 11/29/01 Enron Corp. Is Poised Largest-Ever (Update3) Bloomberg, Congressional Panels to 15:59 York) Congressional Panels Probe Enron's Accounting, Washington, Nov. 29 (Bloomberg) -- Senate House committees will investigate the collapse of Enron Corp and consider new regulations electricity and natural-gas trading. Enron, the largest energy trader, is expected to file Chapter protection the of a planned merger with Dynegy Inc. The House Energy Committee will hold hearings as early next month to scrutinize the accounting practices and reports of Enron, said Johnson, a panel spokesman. The Energy may begin in at federal oversight of ``When you have such a spectacular event as the collapse of a company that controlled 50 percent the natural-gas trading, we're to some on that,'' said a spokesman for the Senate Energy in energy trading and questions about its accounting require an said Senate Majority Leader Tom Daschle South Dakota. ``I don't know that anybody knows just how this happened and how it happened so quickly,'' he told reporters on Capitol raises some very serious The unraveling of which saddled $15 in publicly debt, began in October. Shareholders' equity was reduced by $1.2 billion of the way the company accounted for outside partnerships it announcement lawsuits and an by the U.S. Securities Exchange Nymex Tells Members Enron Be (Update2) York) Tells Enron Trades Must Be (Update2) (Adds analyst quote in paragraph, Enron share price Nov. 29 (Bloomberg) -- New York Mercantile Exchange J. Robert Collins told brokers

 Table
Bloomberg, 11/29/01

Enron Corp. Is poised to FiLe LarGesT-EvEr bankRuptCy (Update3)
BloombERg, 11/29/01

CoNgressional Panels to ProBe EnrOn'S accoUNtIng, TrAding
2001-11-29 15:59 (NeW yoRK)

conGrEsSioNaL paNels tO PrObe EnroN's AccountiNg, TRaDing

     WashingtON, NOv. 29 (BloomberG) -- SeNate and House
ComMitteeS wIll INvestIgaTe the CollapSE of EnrOn Corp and
CoNSider nEW regulaTIOnS for Electricity and natURaL-Gas trading.

     EnroN, the laRgESt ENErgY trAder, is expeCtEd to fILe for
ChAPtER 11 PRotECtion after the Collapse of a PLanNed merGeR wiTH
DynegY Inc.

     THe hOusE Energy CommItteE will hold HearinGS as earlY As
next mOnth to ScrUtiNize THe AcCouNtINg pRAcTicES anD earningS
rEpOrts oF EnrON, SAId KeN JoHnsoN, a panEl spokesman. ThE SeNate
eNerGy ComMitteE may BeGin loOking iN JanuArY at more federal
oVersIght of traDinG.

     ``WHen YoU have SUch a spEctAcuLar evenT as the cOLlaPsE OF A
cOmpany that controllEd 50 PERcEnt of the NaturaL-GaS aND
electriCiTy tRadiNG, We're gOing TO hAve some tHoughtS On ThAt,''
said BIlL WickeR, a SpoKesMan foR The SEnate ENergy ComMitteE.

     enron's importanCE in energy tradINg AND qUEstiOns About its
accOuntINg prActiCEs ReqUIre an InvesTiGAtIOn, said Senate
MajoritY LEader TOm DasChle of South DaKota.

     ``I don't kNOW That anybOdy kNOwS Yet just how this HappeNed
and how iT Happened So quiCkly,'' he toLd reporteRS On CapitoL
HiLl. ``IT raIseS SOmE very serious qUEStioNs.''

     the unraVelIng of EnRon, WhiCh iS saDdLed with $15 biLlion in
pUbLiClY hEld Debt, bEGan in OctObEr. SHaRehOlderS' Equity Was
reDuceD bY $1.2 bILliOn becauSE oF THe waY tHe CompAny AcCountEd
foR OutSide parTnerships It cREateD. THe AnnouncEment prompted
LaWsuits and aN iNveStigatION by the U.S. securities and Exchange
CoMMission.

nymEx TelLs MeMbers EnroN TrAdes MuSt BE approvEd (UpdaTe2)
2001-11-29 15:16 (New yoRk)

NYMEx TelLS meMbeRs enron TradeS mUst be AppRoVed (UPdate2)

     (AdDs analyst quote in foURth Paragraph, EnroN shAre pRICe In
sIXtH ParAgRAph.)

     nEW York, Nov. 29 (BloombeRg) -- New York MErCAnTile ExchanGE
PrEsIdent J. RObert CoLlins TOld brokErs

 Table
Bloomberg, 11/29/01

Enron Co rp. I s P ois ed  toFile  Largest-EverB ankr uptcy (Update3)
Bloomb erg,11 / 29/0 1

Co ngressi o na l Pan el stoPr o be  Enro n's  Accoun ting, Trad ing
2 001-11-29 15 : 59  (New York )
Congressiona l P anelsto  Pr o be En ron 's Ac counti n g, Tra ding

   W ashing t on, Nov . 29  (Bl oomberg) -- Senat e  a n d House
commit tees w il l  i n v est iga te the col la pse o f  EnronC or p a ndc onsider new r egulationsf orelectr ic ity and na tural -g a s t rading.

    E nron, the  large s t energ y  trader , is e xpe cte d to fi le  fo rC hap t er  11 pro tectionaf te r the  col l a p s e of  aplan ned m erger with
Dy neg y In c .
    The H ouse  E nergy  Commi tteewi ll hold hearing s as  early as
ne xt  mo nt h tos crutin ize  th e accou nting p r act ic e s an d earnings
reports  o f En ron, sai d KenJ oh ns o n, a pan el  sp okes m a n. Th e Se n at e
Energy  Commi t te emay beg in  looki ng  in  Ja nuary at m ore fe deral
ov ersig h t of trading.     ``When y o uh a ve such  aspectacular  eve n t as  the co lla p se of  a
co mp a ny that controlled 50pe rcentof th e natural-gas  and
elect r i c ity trad ing, we ' re going to ha ve so me thought s  on that ,''
s aid Bill  Wicker,a spokesma n f orthe  Se n a te  Energy Commi t t ee.
    Enr on' s impor tan ceinene rg y trading  and que st io ns  a bou t its accounti ng  pr ac tic es re q uire a n inv esti ga ti o n,said Se n at e Majo ri ty  Lea der  T om Da schl e  of  SouthDakota.
   ``I  d on 't know  that anybody  k nows yet j us t h ow thi s happened
and how it happened so quickly ,''  he t oldreporters  on  Capit olH ill. ` `It ra isesso mev e ry se r i ou s q ue stions.''   Theun rave ling of  Enron, which is s a ddl ed with $15 b ill ioni n
p ubl i cl y  he ld deb t ,  began in Octob er. Shareh ol d er s' equityw asre duced b y $1.2billi o n becau se of the  way theco mpan y acc ounted
for  outside  partners h ips i t  c reate d.The an no unc ement  promp t edlawsu its an dan inv estig at ion by t he U.S. Securities andExchan ge
Co mmi ssion.

Ny m exTells Mem bers  Enron Tra des  Mu st Be  Ap p roved  (Up d at e2) 2001- 11-2 9  15:16 (N e wYor k )
Nymex Tells M e mbe rs En ron Trades  Mus t Be Approved (Up d ate2)

     (A ddsa n aly stq uote  i n fourth parag rap h, E nron sha re  price in
s ixth par ag r aph.)

    New Y ork, No v .  2 9  (Bloo mber g)-- New Yo rkMe r cantile  E xc h ange
P resi de nt J.Robert Coll i n s told brokers

 Table
Bloomberg,_11/29/01

Enron Corp._Is Poised to File_Largest-Ever Bankruptcy_(Update3)
Bloomberg,_11/29/01

Congressional Panels_to_Probe Enron's Accounting,_Trading
2001-11-29 15:59 (New_York)

Congressional Panels to Probe_Enron's Accounting, Trading

__   Washington, Nov. 29 (Bloomberg) -- Senate and House
committees will investigate the_collapse_of Enron_Corp_and
consider_new regulations for electricity and_natural-gas trading.

   _ Enron,_the largest energy trader, is expected to file_for
Chapter_11 protection after_the collapse of a planned merger with
Dynegy Inc.

 _   The House Energy_Committee will hold_hearings_as_early as
next month to_scrutinize the accounting practices and earnings
reports_of Enron, said Ken Johnson, a_panel spokesman. The Senate
Energy Committee may begin_looking in January at more federal
oversight_of trading.

   _ ``When_you have such a spectacular_event as the_collapse of_a
company that controlled_50 percent of the natural-gas and
electricity_trading, we're going_to have some thoughts on that,''
said_Bill_Wicker, a spokesman_for_the_Senate Energy_Committee.

  __ Enron's_importance_in energy trading and questions about_its
accounting_practices require an investigation, said Senate
Majority Leader_Tom Daschle of South_Dakota.

_   _``I don't know that anybody_knows yet just how this happened
and_how it_happened so_quickly,'' he told reporters on Capitol
Hill. ``It raises some very serious_questions.''

     The_unraveling of Enron, which_is saddled_with_$15 billion in
publicly_held_debt, began_in October. Shareholders' equity was
reduced by $1.2_billion because_of the way the company accounted
for_outside partnerships it created._The_announcement prompted
lawsuits and an investigation by_the U.S. Securities and Exchange
Commission.

Nymex Tells_Members Enron Trades Must Be_Approved_(Update2)
2001-11-29_15:16 (New York)

Nymex Tells Members_Enron Trades Must Be Approved (Update2)

_  _ (Adds analyst quote in fourth paragraph,_Enron_share price in
sixth paragraph.)

  __ New York, Nov. 29 (Bloomberg)_--_New_York Mercantile Exchange
President J. Robert_Collins told brokers


Resolution), remains in effect and will
continue until February 1, 2001, unless Members are notified otherwise by the
Exchange.

As background, on October 6, 2000, the Exchange issued a Notice to Members
(#347), advising Members and Member Firms that the CFTC had approved this
Resolution.  The Resolution, which became effective with the commencement of
the NYMEX ACCESS session on Sunday, October 8, 2000, has amended on a
temporary basis a number of Exchange price fluctuation limit rules as those
rules apply to trading on NYMEX ACCESS. The Resolution is included
below.

The Resolution was issued so as to ensure the successful reimplementation of
the new implied order functionality on NYMEX ACCESS.  By
significantly expanding the price fluctuation limits applicable to trading
activity occurring on NYMEX ACCESS, the Resolution reduces the
possibility that a price limit would be triggered by the implied
functionality.

The Resolution amends, on a temporary basis, Exchange price fluctuation limit
rules - but only with respect to market activity occurring on NYMEX
ACCESS.

Thus, the new price limits that went into effect last week for Natural Gas
are further expanded as provided by the terms of the Resolution.

The Resolution amends the Exchange,s price fluctuation limit rules with
regard to trading on NYMEX ACCESS in four ways:

(1) The initial and subsequent price fluctuation limits (for each Exchange
futures contract that has such limits) are expanded to 200% of the initial
and subsequent price fluctuation limits applicable to the first two contract
months for energy contracts, or to the first contract month with limits in
effect for metals contracts, of that futures contract under the applicable
rule.

(2) This expanded limit (e.g., 200% of the limits for the front two months
for energy contracts) is applicable to all contract months for that futures
contract.

(3) In the event that an expanded price limit was touched by a bid or offer,
trading on NYMEX ACCESS generally would be halted immediately, rather
than requiring the market to trade at

Resolution), remains in effect and will
 continue until February 1, 2001, unless extremity are advise otherwise by the
 Exchange.

 As background, on October 6, 2000, the Exchange issue a poster to Members
 (# 347), advising Members and Member Firms that the CFTC had approve this
 solution.   The Resolution, which became effective with the beginning of
 the NYMEX ACCESS session on Sunday, October 8, 2000, has amended on a
 irregular basis a number of Exchange monetary value fluctuation limit rules as those
 rules apply to trading on NYMEX ACCESS . The Resolution is included
 below.

 The Resolution was publish so as to ensure the successful reimplementation of
 the new implied club functionality on NYMEX ACCESS .   By
 significantly expanding the price fluctuation limit applicable to trading
 activity occurring on NYMEX ACCESS , the Resolution reduces the
 possibility that a price terminus ad quem would be triggered by the implied
 functionality.

 The Resolution amends, on a temporary basis, Exchange monetary value variation terminus ad quem
 rules - but only with respect to market activity occurring on NYMEX
 ACCESS .

 Thus, the newfangled monetary value limit that went into impression final week for Natural Gas
 are further expanded as provide by the terms of the Resolution.

 The Resolution amends the Exchange,s price fluctuation terminus ad quem rules with
 regard to trading on NYMEX ACCESS in four ways:

 (1) The initial and subsequent price fluctuation limits (for each Exchange
 futures contract that has such limits) are expanded to 200% of the initial
 and subsequent price fluctuation terminus ad quem applicable to the inaugural two contract
 months for energy contracts, or to the first contract month with limit in
 effect for metals contracts, of that futures contract under the applicable
 rule.

 (2) This expanded limit (e.g., 200% of the limit for the front two months
 for department of energy contracts) is applicable to all contract months for that futures
 contract.

 (3) In the event that an expanded monetary value limit was touched by a bid or offer,
 trading on NYMEX ACCESS broadly would be halted immediately, rather
 than requiring the market to trade at

Resllution), remains in effecu and will
continoe until Februzry 1, 2001, unuess Members are notified otierwuse bt the
Exchange.

As backgfound, on Lctober 6, 2000, tht Exchange issued a Noticc to Jcmberv
(#347), advising Memners and Mekber Firms thad ghz CFTC had approved this
Resolution.  The Rexopution, which bgcame qffedniye with the commencement of
the HYMEX ABCESS session on Xunday, October 8, 2000, has amendfd oj a
temporary basid a number if Evxhange price fluctuation limit rulgs as those
rules apply to tradivg on NYMEX ACCGSA. Hve Resolutiin is included
below.

The Rasolutipn was issued xo es ti ensure the successfnl reimplementation jf
the nef nmplied order functiobaoity mn NFMEX QCCDSS.  Uy
aigniflcaitly expandjng the prixe fluctuation limius willicable to fradind
wctivity occurring on NYMEX ACCESS, the Gesomution reduces the
possubility that a price pimit woujd be triggered by the implied
functionality.

The Rasoluviun cnends, in a temporary basis, Exchange price fluctuation mikin
rules - but only with respevt tp market activkty ocehrding on NYMEX
ACCEDS.

Thus, jhe neq price lymitx that went into effect lasr week for Nctueal Gas
are furthex expanded ar prpvidec by the terms of the Rzsolutjon.

The Resopution amsvds the Exchange,r pgice fluctuaukon limit rules wyth
regarv to crading un NIMEX ACSESS in fokr wanv:

(1) The initial and dubseeuant price vluctuation limits (for each Excienge
futures vottrdct that has xuch limits) awe expanded to 200% of thz initkal
and sugsequenv price fluceuation limitv applicable vo the fiwst rwo xontracg
months for enrrgy contgaets, or to the first contracb monjh with limits in
efdect for metals covtrwcns, pf dhat futures congrazy unddr the appllcacle
tule.

(2) This expanded lhmit (e.g., 200% of the limits fjr the ftont two ionths
for enrrgy contracts) is wpplirable vo all cogtract months for that futures
contract.

(3) In the event trat qn expanded 'rice limit was touched by a bid or offec,
trading on NYMEX ACCGSS generally would bg hslted immedmately, rather
tvan requiring the maeket to trade at

Resolution), remains in effect and will continue 1, unless Members notified otherwise by October 2000, the Exchange a Notice to (#347), advising Members and Member Firms the CFTC had approved this Resolution. The Resolution, which became effective with the of the NYMEX ACCESS session on Sunday, October 8, 2000, has amended on temporary a of price fluctuation limit rules as those rules apply to trading on NYMEX ACCESS. The Resolution is below. The Resolution was issued so as to the successful reimplementation of new implied order functionality on ACCESS. significantly expanding price limits to trading activity on NYMEX ACCESS, the Resolution reduces the possibility that a price limit would be triggered by the functionality. The on a basis, price limit rules - with respect to market activity occurring Thus, the new price limits that went into last week Natural Gas are further expanded as by the terms of the Resolution. The Resolution the Exchange,s price fluctuation limit rules with regard to trading on NYMEX ACCESS in four The initial and subsequent fluctuation limits (for Exchange contract has limits) are to 200% of the initial and subsequent price fluctuation limits applicable the first two contract months for energy contracts, or to contract with limits in for metals contracts, of futures under the applicable rule. expanded (e.g., limits the two months for energy is applicable to all contract for that futures contract. an expanded price limit was touched by a or offer, trading on NYMEX ACCESS generally be halted immediately, rather than requiring the market to trade at

Resolution), remains in effect And will
conTinue UntIl FEbRuarY 1, 2001, unlEss Members are nOTifiEd otherwise by the
ExchanGe.

As bAcKGrouND, oN OctoBer 6, 2000, the EXChANGe iSsUeD a NOtICe To MemBerS
(#347), advisiNg Members aNd MEmBer Firms that THe cFTC had appRovEd this
ResoluTioN.  The ReSoLutIOn, whiCh bEcame EffectIVe with The commenCeMEnt of
tHE NYMEX AcceSs sesSion on Sunday, OctobER 8, 2000, hAS amended on a
temPorary BaSIs A NUmbEr oF Exchange pRiCe fluCTuation LImIT RUleS As those
rules aPply to tradiNG on nYMEX AcCeSS. tHe ResoLutioN iS IncLuded
below.

THe ReSolution wAs issuED so as to ENsure thE succeSsfUl rEimpLEmEnTatIoN Of
tHE nEw iMPliEd order fUnCtIonalIty oN nymeX ACcESs.  By
sIgnifIcantly expandIng The pRIce FluctUatioN limItS applIcable To traDiNg
activity occurRing On NYMEX ACcESs, tHe REsOlutiON reducEs tHe
pOssibilIty that A PriCe LIMIt Would be triggered by ThE IMpLied
funcTionalITy.

thE resolutiOn AmeNds, oN A TempoRary BAsIs, ExchanGe pricE FlUcTuation LiMit
rulEs - But OnlY with REspeCt to maRket actiVity oCCurring on NYMEX
acCESS.

Thus, the nEW pRICe LImitS thAt went into eFfecT Last Week FOr natURal GaS
are fUrTHeR Expanded as provided bY tHe termS of thE Resolution.

ThE ResolutioN AMEnds the EXchaNGe,S Price fluctuatiOn limIt rules witH
Regard to TradiNg on NYMEx ACCESS in FOUr ways:

(1) ThE inItiAl aNd sUBSeQuent price fluCTUatiOn Limits (fOr eAch ExchAngE
fuTurEs cOnTract that Has such lImItS) aRe ExpAnded TO 200% of the inItIal
AnD suBsequENt pricE flucTuatIoN lIMitS applicABlE TO the FiRsT two ConTrAct
moNths FOr eNergy coNtracts, or To tHE firSt CoNtract mOnth with limitS iN
effect for MeTalS contrACTs, of that Futures contract under the APplicabLe
rUle.

(2) ThIs exPanded limIt (e.G., 200% of the LimITs for tHe fronT two mOnThs
FOR enerGY CoNtrAcTs) is applicABLe tO all cOnTracT months For that futures
contRAct.

(3) in the event thaT an ExpaNDEd PriCE lIMit WaS TouCHEd by a bid or offer,
Trading on NyMex AcCESS generALly WoUld be haLted immEdiatELy, ratheR
than requIring the mArKet tO TRadE at

Resolution), remains in ef fect and w ill con tin ue  unt il F ebruary 1, 200 1 , un less Members are notif ied o th e rwis e  b y the
Excha n ge .
As  b ac kgr ou n d,  on O cto ber 6,2000, theExc ha nge issued a No tice to Me mbe rs
(#347),adv isingMe mbe r s and  Me mberFirmst hat th e CFTC ha da pprove d  this R e so luti on.  The Resoluti o n, which became e ffecti ve wi t h  th e c ommencemen tof
t h e NYMEX AC C E S S&# 6 1495; session  on Sunday, Oct ober 8 ,200 0 , hasamend ed ona
temporar y ba sis a num ber of Exchang e  pricefluctu ati onlimi t  r ul esas tho s e
ru l esapply to  t ra dingon N Y M E X  ACC ESS &#61 495;.  The Resoluti onis i n clu ded below .

T he  Reso lution  wasis sued so as to e nsur e the suc ces sf ulre imple m entati onof
the ne w impli e d o rd e r fu nctionality on NYM EX A CC ESS&#614 95;. B y
s i gnifican tl y e xpan d i ng th e pr i ce  fluctua tion l i mi ts  applic ab le totr adi ng
acti v ityoccurr ing on N YMEXA CCESS, the Resolutio n  r e d uc e s th e possibility  tha t  a p rice li mit would  be t ri g ge r ed by the implied fu nction ality .

The Resolu tion amend s , on a tem pora r yb asis, Exchange  pric e fluctuat i on limit
rul es - but  only wit h respecttomar ket  ac t i vi ty occurringo n  NYM EX
ACCES S&# 61495;.

T hus , t hene w price l imits th at  w en tint o eff e ct lastwe ekfo r N atura l  Gas are f urth er  e x pan ded asp ro v i dedby  t he t erm sof th e Re s olu tion.
The Resol uti o n am en ds  the Ex change,s pri ce  fluctuati on  li mit ru l e s with regard to trading on NY M EX ACCE SS& #6149 5; i n four wa ys:

(1)The initia l andsubse qu ent p ricef l uc tua ti on limits( f oreachEx chan ge
fut ures contract that has  such limits)  ar e ex p a nd edt o2 00%  o f  th e initial
and su bsequent p ri c efluctuatio n  li mi ts appl icableto th e  firsttwo contr act
mont hs  for e ner gy contrac ts, or t o the fir s t con t ra ct mo nth  withli mit s in
effec t  fo r met als co nt racts,  of t ha t future s contract under the ap plicab le
r ule .

(2) Th ise xpa nded limi t (e .g., 200%ofthe  limi tsf or th e fr o nt  tw o  mont hs f or energy co ntr a c ts ) is applic a b l e t o all  co n tractmont hs for that futur e s
contract.
(3)I n  th e e v entth at an expanded  pr ic e limit wa stouched bya bid or  o f fer,
tradi ng onNYMEX A C C ES S &#6149 5; g ene rally wou ldbe haltedim me d iately , ra th er
th an req u irin g the market to tr ade a t

Resolution), remains_in effect_and will
continue until_February 1,_2001,_unless Members_are_notified otherwise by_the
Exchange.

As background,_on October 6, 2000,_the Exchange issued_a_Notice to Members
(#347), advising Members and Member Firms that the CFTC had approved_this_
Resolution. _The_Resolution,_which became effective with the_commencement of
the NYMEX ACCESS_session on_Sunday, October 8, 2000, has amended on a_
temporary_basis a number_of Exchange price fluctuation limit rules as those
rules_apply to trading on NYMEX ACCESS._The Resolution is_included_
below.

The_Resolution was issued so_as to ensure the successful reimplementation_of
the new implied order functionality_on NYMEX ACCESS.  By
significantly expanding_the price fluctuation limits applicable to_trading
activity occurring on NYMEX_ACCESS, the_Resolution reduces the
possibility that_a price limit_would be_triggered by the_implied
functionality.

The Resolution amends, on a_temporary basis, Exchange_price fluctuation limit
rules - but_only_with respect to_market_activity_occurring on_NYMEX
ACCESS.

Thus, the_new_price limits_that_went into effect last week for_Natural_Gas
are further expanded as provided by_the terms of the_Resolution.

The_Resolution amends the Exchange,s_price fluctuation limit rules with_
regard to trading on NYMEX ACCESS_in four_ways:

(1) The_initial and subsequent price fluctuation limits (for each Exchange
futures contract_that has such limits) are expanded_to 200% of the_initial
and_subsequent_price fluctuation limits_applicable_to the_first two contract
months for energy contracts,_or to_the first contract month with limits_in
effect for metals_contracts,_of that futures contract under the_applicable
rule.

(2) This expanded limit (e.g.,_200% of the limits for_the_front_two months
for energy contracts)_is applicable to all contract months_for that futures_
contract.

(3) In the event that an expanded_price_limit was touched by a bid_or_offer,
trading on NYMEX ACCESS generally_would_be_halted immediately, rather
than requiring_the market to trade at


 me that a simple
reply to this e-mail stating the answer to all questions is no will be
sufficient.

Thanks for your attention to this necessary administrative detail. If
you have any questions or concerns, please don't hesitate to contact me

Jeff Mangold
Center for the Advancement of Energy Markets
www.caem.org
jmangold@caem.org
Voice: 703-729-2710
Fax: 703-783-8720

Questions for officers and directors. If an answer to any of the
questions would be yes, we need the details.

1. There has not been nor is there now pending any claim(s) against any
person proposed for insurance in his or her capacity of either director
or officer of [CAEM].

2. No director or officer has knowledge or information of any act, error
or omission which might give rise to a claim(s) under the proposed
policy.

3. Has any officer or director:

a. Been involved in any antitrust copyright or patent litigation?

b. Been charged in any civil or criminal action or administrative
proceeding with a violation of any federal or state antitrust or fair
trade law?

c. Been charged in any civil or criminal action or administrative
proceeding with a violation of any federal or state securities law or
regulation?

d. Been involved in any representative actions, class actions, or
derivative suits? IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power Delivered on Wednesday, November  21, 2001

me that a simple
 reply to this e - mail express the solution to all questions is no will be
 sufficient.

 Thanks for your attention to this necessary administrative contingent. If
 you have any doubt or concerns, please don't hesitate to touch me

 Jeff Mangold
 Center for the Advancement of Energy Markets
 www.caem.org
 jmangold@caem.org
 Voice: 703 - 729 - 2710
 Fax: 703 - 783 - 8720

 doubt for officers and director. If an answer to any of the
 questions would be yes, we want the details.

 1. There has not been nor is there now pending any claim(s) against any
 person aim for insurance in his or her capacity of either director
 or officer of [ CAEM ].

 2. No director or officer accept knowledge or information of any act, erroneousness
 or omission which might give rise to a claim(s) under the proposed
 policy.

 3. Has any military officer or director:

 a. Been involved in any antitrust copyright or patent litigation?

 b. Been charged in any civil or criminal legal action or administrative
 proceeding with a violation of any federal or state antitrust or fair
 trade law?

 c. Been charged in any civil or criminal action or administrative
 proceeding with a violation of any federal or state securities law or
 regulation?

 d. Been involved in any representative action, class actions, or
 derivative suit? IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power deliver on Wednesday, November   21, 2001

 me that a simple
reply to tmis e-mail statiny the aiswer tk all qudstions is no will be
sufficixnt.

Tyanks for your attention to this necvssary adniniwrrative devzil. If
you havs any wuestions or cpncerns, plaase don't hesidage to contact me

Jeff Mangold
Center fow the Acvwncement of Engrgy Kwrkefs
www.caem.org
jmangold@caem.org
Voice: 703-729-2710
Fzx: 703-783-8720

Quesuions for officers and directors. If an answeg to any of the
questiojs would be yes, qe need the aetails.

1. Thtrz has not bgen nor is there now pending any claik(s) against aby
pftson proposev for pnsurance in mps or har capavity of either dicectir
or officer of [CAEM].

2. Io director or officgr has knoflzdge or information od qny awt, esror
ue ooisaipn which mijht give riae to a claum(s) under the propoxeq
iplicy.

3. Has ang offisew or director:

a. Been involved in any antptruat copyright or patent oitigation?

b. Been charhed in anr civil or criminal action or administrative
proceading ditk a viuoahion of any federal or state antitrust or faiw
frsdv law?

c. Been chargcd in any civil or cgikynal action ot adminnatdative
proceeding wlth a vyolatuon of anr feceral or state securities lqw or
regulatpon?

d. Been involved in cny represencative actipns, class actions, or
dernvativs suits? IntfrcontinehgalExchange
                                                                                Figm Power Price Bulletih
                                                                                For Powar Delidered on Wednesday, Jovember  21, 2001

me that a simple reply to this the to all is no will attention this necessary administrative If you have questions or concerns, please don't hesitate contact me Jeff Mangold Center for the Advancement of Energy Markets www.caem.org jmangold@caem.org 703-729-2710 Fax: 703-783-8720 Questions for officers and directors. If an answer to any the would yes, need the details. 1. There has not been nor is there now pending any claim(s) against person proposed for insurance in his or her of either director or of [CAEM]. 2. No director officer knowledge or of act, or omission which give rise to a claim(s) under the proposed policy. 3. Has any officer or director: a. Been in any or patent b. charged any civil or or administrative proceeding with a violation or state antitrust or fair trade law? c. charged in civil or criminal action or administrative with a violation of any federal or state law or regulation? d. Been involved in any representative actions, class actions, or derivative suits? Power Price Bulletin For Delivered on Wednesday, 21,

 me that a simple
reply to this e-Mail statinG the aNswEr tO aLl quEstiOns is no will be
sUFficIent.

Thanks for your attenTion tO tHIs neCEsSary aDministRAtIVE deTaIl. if
yOu HAvE any qUesTions or Concerns, plEasE dOn't hesitate tO CoNtact me

JefF MaNgold
Center fOr tHe AdvaNcEmeNT of EnErgY MarkEts
www.CAem.org
Jmangold@cAeM.Org
VoiCE: 703-729-2710
Fax: 703-783-8720

QueSTIoNs foR officers and direcTOrS. if an answer to anY of the
QuEStIONs wOulD be yes, we neEd The deTAils.

1. TheRE hAS NOt bEEn nor is there nOw pending anY ClaIm(s) agaInSt aNY
persoN propOsED foR insurance iN his Or her capaCity of EIther diREctor
or OfficeR of [cAEm].

2. No dIReCtOr oR oFFicER hAs kNOwlEdge or inFoRmAtion Of anY ACT, ErroR
or OmisSion wHich might give RisE to a CLaiM(s) undEr the PropOsEd
polIcy.

3. Has Any ofFiCer or director:

a. BEen iNvolved in Any AnTitRuSt copYRight oR paTenT litigaTion?

b. BeEN chArGED In Any civil or criminal AcTIOn Or adminiStratiVE
pRoCEeding wiTh A viOlatION of anY fedERaL or state AntitrUSt Or Fair
traDe Law?

c. BeEn ChaRgeD in anY CiviL or criMinal actIon or ADministrative
pROceeding with a VIoLATiON of aNy fEderal or staTe seCUritIes lAW oR
reGUlatiOn?

d. BeEn INvOLved in any representaTiVe actiOns, clAss actions, or
dErivative sUITS? IntercoNtinENtALExchange
                                                                                Firm POwer PRice BulletIN
                                                                                For PoweR DeliVered on WEdnesday, NOVEmber  21, 2001

 me that a simple
reply to  this e-ma il st ati ngth e an swer  to all questi o ns i s no will be
sufficien t.

T ha n ks f o ryourattenti o nt o  th is  n ece ss a ry  admi nis trative  detail. I f
y ou  have any qu e st ions or co nce rns, pleasedon 't hes it ate to co nta ct me

Jeff Mangol d
Centerfo r  the A d vanceme n t  o f En ergy Markets
www. c ae m .org
jmangold@ caem.o rg Vo i c e:703 -729-2710Fa x: 70 3 -783-87 2 0Q u est i ons for offic ers and dir e cto rs. If  a n a n swer t o any  o f  th e
questions  wou ld be yes , we n e ed thed etails.

1. T her e h as n o tbe enno r  is th ere now  pending  a ny  clai m(s) a g a inst  an y
pe rsonproposed forins uran c e i n his  or h er c ap acity  of ei therdi rector
or offic er o f [CAEM].

2 .Nodi recto r  or of fic erhas kno wledgeo r i nf o r m at ion of any act, er ro r or  omissio n whic h  m ig h t give r is e t o ac l aim(s ) un d er  the pro posedp ol ic y.

3.Ha s anyof fic eror di r ecto r:

a.  Been in volve d  in any antitr u st copyrighto rp a te n t li tig ation?

b.Been char gedi nany civil  or c ri m in a l action or adminis tr ativeproce eding with aviolationo f any fede ralo rs tate antitrust  or f air
tradel aw?

c.Beenchargedin any ci v i l or cri min alact ion o radministrativ e proc ee ding wi tha viola tio n o f a nyfe deral orstate se cu ri ti es  la w orr egulatio n?

d .Bee n inv o lved i n any  rep re se n tat ive act i on s ,  cla ss  a ctio ns,  o r
der ivat i vesuits?Intercont ine n talE xc ha nge
                                                                                Firm  P owe r Price Bu lletin                                                                                For Po wer Delivered  on  Wed nes day,  Novembe r  2 1, 2001

 me_that a_simple
reply to this e-mail_stating the_answer_to all_questions_is no will_be
sufficient.

Thanks for your_attention to this necessary_administrative detail. If
you_have_any questions or concerns, please don't hesitate to contact me

Jeff Mangold
Center for the Advancement_of_Energy Markets
www.caem.org
jmangold@caem.org
Voice:_703-729-2710
Fax:_703-783-8720

Questions_for officers and directors. If_an answer to any of_the
questions would_be yes, we need the details.

1. There has_not_been nor is_there now pending any claim(s) against any
person proposed for_insurance in his or her capacity_of either director
or_officer_of_[CAEM].

2. No director or_officer has knowledge or information of_any act, error
or omission which might_give rise to a claim(s) under the_proposed
policy.

3. Has any officer or director:

a._Been involved in any antitrust_copyright or_patent litigation?

b. Been charged in_any civil or_criminal action_or administrative
proceeding with_a violation of any federal or_state antitrust or_fair
trade law?

c. Been charged in any_civil_or criminal action_or_administrative
proceeding_with a_violation of any_federal_or state_securities_law or
regulation?

d. Been involved in any_representative_actions, class actions, or
derivative suits? IntercontinentalExchange _   __   _    _     _ _ _          _     _   _ __  __ _      _ _     _   __     _     _    ___    _     _  _      __     __     ___    _     _        _  _    ___         _ _  _         _      _          _       _      _   __      ____  _  _  _ _  _ _  __                 _     _    __  _   _       _        __ _   _ _ _  _ _ _ _      __        ____  _  _  _  __     _  _   _         _                _ _   _ __     _ _       __           ___  __     _____     _      __    _ __   _   _          __ ____   _              __    _     __   _       _    _   _                    _    _    _  __  _   _       _                 _      _  _ _        _          _             __     _     _   _   __  _ _   _   _       _  _          _                    _  __           _ _        _       ___   __    _   _ _      _ _   _    _     __     _ __ _ __  _ _ __ _ __ _ __      _  _     _     __ _        _     _ _   _   _ _ __      _         _ __          _   _   _   _ _ _      ___
_     _  _ __  _ _     _ __      __     _ _      _ _      ___   _           __   _   _ _             ___    __   _       __        _                   __  ___ _   _  _ _   _   _                   _    _      _  _  __ _  _    _   _  __     _  _   _  _ __  _  _ _         _       _  _     _   ___      _    _            _    _      _      _     _  __             __           _    _    _        ___ _     _      _        _   ____         _   _ _      __              __  _      _     __   _ _        _   _ _             _ _     _      _  __       _                _       _   _ _ __ _      ___    _        __ _   _      _             _   _  _   _  _ _      _    _     _ _        _ _        ___  _    _    _ __ _ _    _  __      _   ___       __  _  _ _   _  __ _     _       _ _  _ _                _   ___     _    _    ____  _  __ _         _ _ _            _           ___   _ _    _       _  _  _ _         _       __    _           _ _     __      _ _       _ _   _    ____        _     _  _Firm_Power_Price Bulletin    _ __   __   _       ___     _    _       _        _   __    __   __   _ _     _    _ _  _   _ _  __          _  _       _   _                _   _            _    _      _           __  _ _  _       _   _ ___  _ _  _ _   _  __ _                ___ _   _ _      _  _ __        __    _    __    _   _          _     _____          _     _ _           _      _      _ _ _        __  _  _ _ _ _      _   _  _ __ _    __  _  _  _ _ _    _   __     _ _            _   _      _       __ __      _     _      _   __      _  _    __    _  _  _      _  _ _ _  _          _   _   _     __       _  __ _    _   _ _ _  _      ___ _   _       __  __    _  __   _  __     _   _  __  _       __  _   _ _   _ ___  _ _   _ __             _ _  _     _    _ _     _    _    _     ___ _ __    _         _ __    _    _ _  _      _   _  _ _ _ _     __ __       _    __    __    _   _ _ ____     __  _     ___ _     _ _     _ _  _             _       _ _   _         _           _     _       _ _
  _  _   _     _ _      __      _  _  __  _       __  _   _     _       _  _   _             _       __       _             _  _ _        ___   _  _            _     _ __         _ _  _   _     __ _  _  _  _  _           _   _ _  _  _   _   _     _       _ _ _____  _  _ _  _    __  _ _   ___    _ _  _    _ _        _ _ _    _  _   _ _ _            _ _      _ _   _ _ __  _     _  _  __    _   __      _ _      ___  _ _     _        _  _     _  _            _         _          _           __ _ _      _ _     _          _              _ __    _    __ _        ___   ___  _     _                  _ _  _  __    _       _  __   _    _       _ _  _      _    _        __          __ __        __   _ _           ___   _      _   _   ___ _          _           _  _      _ _ __    _        _              ___ __  __    __ __ _ _ _ _   _   _   _    _      _ __   __  _  _ _       _ _       __ _    _   __    _                       __     _ ___  ____          _   _  ______       __       _    __For Power Delivered on Wednesday, November  21, 2001        ___   _   _ __  _         _  ___ __      _          _ _      _    __     _    _    __ __ _  _ _ _           _         __  _  _         _


Subject:

Hey Steve- Since the 6th looks like it is a good day to get together, maybe I could come over to your house around 12:00.   We could go to lunch, and since I had the the last priviledge of  picking out a "very interesting movie", I would like you to to pick out the next one! This time I also have a lot more time flexibility in the afternoon.
     Of course, I will drop you a quick line prior to the 6th to make sure your schedule is still on target.  Otherwise, enjoy Thanksgiving with your family (don't get too fat!).  Talk with you later.  Christine

Get your FREE download of MSN Explorer at http://explorer.msn.com << File: 'http://go.msn.com/bql/hmtag_itl_EN.asp' >> ----- Forwarded by Richard B Sanders/HOU/ECT on 05/23/2001 01:24 PM -----

	"Anne Marie DeFelice" <adefelice@ggfcmk.com> 05/23/2001 12:41 PM 	   To: <Richard.B.Sanders@enron.com>  cc:   Subject: Re: CalPx Participants' Committee Conference Call

Attached is our contact list.

>>> <Richard.B.Sanders@enron.com> 5/23/2001 8:22:00 AM >>>

Do you have a list of the PX participants committee that you could send me
by e-mail.

**************************
* Confidentiality Notice *
**************************

This message is intended solely for the use of the addressee(s) and is intended to be privileged and confidential within the attorney client privilege.  If you have received this message in error, please immediately notify the sender and delete all copies of this email message along with all attachments.  Thank you.
 - 1197575.pdf ------------------------------------------------------------------------------------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

October 26, 2001 5:00pm through October 29, 2001 12:00am
------------------------------------------------------------------------------------------------------

3 ALLEN CENTER POWER OUTAGE:
Time:  Sat 10/27/2001 at  4:00:00 PM CT thru Sat 10/

Subject:

 Hey Steve- Since the 6th looks like it is a good day to draw in concert, maybe I could come over to your family around 12:00.    We could become to lunch, and since I had the the last priviledge of   nibble out a " very interesting movie ", I would wish you to to pick out the next one! This time I also have a draw more time flexibility in the good afternoon.
      Of course, I will drop you a quick line prior to the 6th to make sure your schedule is however on target.   Otherwise, enjoy Thanksgiving with your syndicate (don't get too fat !).   speak with you later.   Christine

 Get your FREE download of MSN Explorer at http://explorer.msn.com < < File:' http://go.msn.com/bql/hmtag_itl_EN.asp' > > ----- Forwarded by Richard B Sanders / HOU / ECT on 05/23/2001 01:24 PM -----

	 " Anne Marie DeFelice " < adefelice@ggfcmk.com > 05/23/2001 12:41 prime minister 	    To: < Richard.B.Sanders@enron.com >   cc:    Subject: Re: CalPx Participants' Committee Conference Call

 Attached is our contact list.

 > > > < Richard.B.Sanders@enron.com > 5/23/2001 8:22:00 AM > > >

 Do you have a list of the PX participants committee that you could send me
 by e - mail.

 * * * * * * * * * * * * * * * * * * * * * * * * * *
 * Confidentiality Notice *
 * * * * * * * * * * * * * * * * * * * * * * * * * *

 This message is intended solely for the use of the addressee(s) and is intended to be privileged and confidential within the attorney client prerogative.   If you have meet this message in error, please immediately advise the transmitter and delete all copies of this email message along with all attachments.   Thank you.
  - 1197575.pdf ------------------------------------------------------------------------------------------------------
 W east E K E N D    S Y S T east M S    A V A I L A B I L I T Y

 F O R

 October 26, 2001 5:00pm through October 29, 2001 12:00am
 ------------------------------------------------------------------------------------------------------

 3 ALLEN CENTER POWER OUTAGE:
 Time:   Sat 10/27/2001 at   4:00:00 PM CT thru Sat 10/

Subuect:

Hey Steve- Since the 6th looks like nr is a good say to gdt together, maybe I could cole over to your house around 12:00.   We coupd go to lunrh, and since I hes the tmz lasf pririoedge of  picklng out a "vary interestinc oorie", I would like you to to pick out ehe nexy lne! This time Y alxj habv c lot more time flexibility in fhe afttrnoon.
     Of courxe, I will drop you a quick linf prior to the 6th ho make surg yote schedule ir still on target.  Othgrwise, enjoy Thanksgiving with yuur fcmily (don't ter tlm fat!).  Talk with you later.  Gnristite

Get uour FREE downkoav of MSN Explorer at http://xxplorer.msn.com << File: 'http://go.mst.ckm/bql/hmtag_itl_EN.asp' >> ----- Forfardad bh Rizhadd B Sandegs/HKU/ECT on 05/23/2001 01:24 PM -----

	"Anne Maeie DeFelice" <adefelocq@tgfcmk.com> 05/23/2001 12:41 PJ 	   Tj: <Wichard.B.Sanders@enron.com>  cc:   Subject: Rt: CalLx Participants' Committwe Conference Call

Attwched is jur contact list.

>>> <Richard.B.Sanders@enron.com> 5/23/2001 8:22:00 AM >>>

Do fou hevd a llst ud hhe PX participants committee that you could fsnc ke
by e-mail.

**************************
* Connidentiality Noticr *
**************************

Hhof message is kntendzs aolely for the use of the addrwssee(s) anq is intended to be privileged qnd confidennial within the attornzy client prnvilegg.  If uou have received this oesszge in errog, please jomediately notifh tme vender and delete all copiqs of thiw emcil messxge slong rith all ahtachments.  Thank you.
 - 1197575.pff ------------------------------------------------------------------------------------------------------
W G E K A N D   S J S T E M S   A V A I L A B I L I T Y

F O R

Octpbar 26, 2001 5:00pm thrjugh Pctober 29, 2001 12:00am
------------------------------------------------------------------------------------------------------

3 WLLEN CENTER PPWER OUCAGE:
Tioe:  Sat 10/27/2001 an  4:00:00 PM CT thru Sat 10/

Subject: Hey Steve- Since the 6th looks is good day get together, maybe your around 12:00. We go to lunch, since I had the the last of picking out a "very interesting movie", I would like you to to out the next one! This time I also have a lot more time in afternoon. course, will drop you a quick line prior to the 6th to make sure your schedule is on target. Otherwise, enjoy Thanksgiving with your family get too fat!). Talk you later. Christine Get your download MSN Explorer http://explorer.msn.com File: >> ----- Forwarded Richard B Sanders/HOU/ECT on 05/23/2001 01:24 PM ----- "Anne Marie DeFelice" <adefelice@ggfcmk.com> 05/23/2001 12:41 PM To: <Richard.B.Sanders@enron.com> Subject: Re: Committee Conference Attached our list. >>> <Richard.B.Sanders@enron.com> AM >>> Do you have a PX participants committee that you could send me e-mail. ************************** Confidentiality Notice * ************************** This message intended solely for the use of the addressee(s) is intended to be privileged and confidential within the attorney client privilege. If you have message in error, please notify the sender delete copies this message along all attachments. Thank you. - 1197575.pdf ------------------------------------------------------------------------------------------------------ W E E K N D S Y S T E M S A I A B I I T Y F R 26, 2001 5:00pm through 2001 ------------------------------------------------------------------------------------------------------ POWER Time: 10/27/2001 at 4:00:00 PM thru Sat 10/

Subject:

Hey Steve- Since the 6th Looks like iT is a gOod Day To Get tOgetHer, maybe I could COme oVer to your house around 12:00.   We Could Go TO lunCH, aNd sinCe I had tHE tHE LasT pRiVilEdGE oF  pickIng Out a "verY interestiNg mOvIe", I would like YOu To to pick ouT thE next one! This TimE I also HaVe a LOt morE tiMe fleXibiliTY in the Afternoon.
     of COurse, I WIll drop YOU a QuicK line prior to the 6th TO mAKe sure your scheDule is StILl ON TarGet.  otherwise, eNjOy ThaNKsgivinG WiTH YOur FAmily (don't get tOo fat!).  Talk wiTH yoU later.  chRisTIne

Get Your FrEe DowNload of MSN EXploRer at http://ExplorER.msn.com << fIle: 'http://Go.msn.cOm/bQl/hMtag_ITl_eN.Asp' >> ----- foRWarDEd By RIChaRd B SandeRs/hOu/ECT oN 05/23/2001 01:24 PM -----

	"ANNE mArie deFElicE" <adefElice@ggfcmk.coM> 05/23/2001 12:41 PM 	   to: <RiCHarD.B.SanDers@eNron.CoM>  cc:   SuBject: RE: CalPX PArticipants' CommItteE ConferenCe CAlL

AtTaChed iS Our conTacT liSt.

>>> <RichaRd.B.SandERs@eNrON.COm> 5/23/2001 8:22:00 aM >>>

Do you have a list of ThE px pArticipaNts comMItTeE That you cOuLd sEnd mE
BY e-maiL.

**************************
* ConFIdEntialitY NoticE *
**************************

thIs Message Is IntendEd SolEly For thE Use oF the adDressee(s) And is INtended to be priVIleged and confIDeNTIaL WithIn tHe attorney cLienT PrivIlegE.  if You HAve reCeiveD tHIs MEssage in error, please ImMediatEly noTify the sender And delete aLL COpies of tHis eMAiL Message along wiTh all AttachmentS.  thank you.
 - 1197575.Pdf ------------------------------------------------------------------------------------------------------
W E e K E N D   S Y S t E M S   A V A I L a b i L I T Y

F O R

octObeR 26, 2001 5:00pm ThrOUGh october 29, 2001 12:00am
------------------------------------------------------------------------------------------------------

3 ALLEn ceNTEr PoWER OUTaGE:
time:  Sat 10/27/2001 At  4:00:00 Pm CT ThrU SaT 10/

Subject:

Hey Steve- Si nce the 6t h loo kslik eit i s agood day to ge t  tog ether, maybe I could c ome o ve r  toy ou r hou se arou n d1 2 :00 . Weco u ld  go t o l unch, a nd since I  ha dthe the last pr iviledge o f picking outa " very i nt ere s tingmov ie",I woul d  likeyou to to  p i ck out the nex t on e! T his time I also h a ve a lot more tim e flex ib i li t y  in  th e afternoo n.
   Of cour s e, I wil l  drop you a q uick line p r ior  to th e6th to mak e sur ey our  schedule i s st ill on ta rget.Otherwi s e, enjo y Than ksg ivi ng w i th  y our  f a mil y  ( don ' t g et too f at !) .  Ta lk w i t h youlat er. Chri stine

Getyou r FR E E d ownlo ad of  MSN  E xplor er athttp: // explorer.msn.co m <<  File: 'h ttp :/ /go .m sn.co m /bql/h mta g_i tl_EN.a sp' >>- --- -F o r wa rded by Richard BSa n d er s/HOU/EC T on 0 5 /2 3/ 2 001 01:2 4PM---- -

	"A nneM ar ie DeFel ice" < a de fe lice@gg fc mk.com >05/ 23/ 20011 2:41  PM 	  To: <R ichar d .B.Sanders@enr o n.com>  cc: Su b j ec t : Re : C alPx Partic ipan t s' C ommi t te e C o nfere nce C al l

Attached is our c on tact l ist.
>>> <Richard .B.Sanders @ e n ron.com>  5/2 3 /2 0 01 8:22:00 AM>>>
Do you hav e  a listof th e PX par ticipants c ommittee  th atyou  co u l dsend me
by e- m a il.

**** *** ******* *** *** *** ***
*  Confiden tialityNo ti ce  *
** ***** * ******** ** *** ** ***

Thi s  messa ge is  int en de d  so lely fo r  t h e  use  o ftheadd re ssee( s) a n d i s inten ded to be  pr i vile ge dand con fidential wit hi n the atto rn eyclient p rivilege .  If you have received this me ssa ge in  err or, pleas e i mmedia tel y  notif y thesende rand d elete a ll  co pi es of this e mai l mes sa ge a long wi th all attachments .   T hank you.
 -119 7575 . p df  -- - -- - --- -- - --- - - --------------- ---------- -- - -- ---------- - --- -- ------- ------- ----- - ------- --------- ---
W E E  K  E N D   S Y S T EM S   AV A I L A B I L IT Y
F O  R

Oc to ber  26,2001 5 : 00p m thr ough O ct ober 2 9, 20 01  12:00am
---------------------- ------ ----- --- --------- --- - --- --------- ---- ---------- --- --- ----- --- - ----- ---- - --

3 ALLEN  CEN T ER POWERO UT AGE : Ti me:  Sat 10 / 2 7 /20 01 at   4 : 00:00PM C T thru Sat 10/

Subject:

Hey_Steve- Since_the 6th looks like_it is_a_good day_to_get together, maybe_I could come_over to your house_around 12:00. __We could go to lunch, and since I had the the last priviledge of__picking out_a_"very_interesting movie", I would like_you to to pick out_the next_one! This time I also have a lot_more_time flexibility in_the afternoon.
     Of course, I_will drop you a quick line_prior to the_6th_to_make sure your schedule_is still on target.  Otherwise,_enjoy Thanksgiving with your family (don't_get too fat!).  Talk with you_later.  Christine

Get your FREE_download of MSN Explorer at_http://explorer.msn.com <<_File: 'http://go.msn.com/bql/hmtag_itl_EN.asp' >> ----- Forwarded_by Richard B_Sanders/HOU/ECT on_05/23/2001 01:24 PM_-----

	"Anne Marie DeFelice" <adefelice@ggfcmk.com> 05/23/2001 12:41_PM 	 _ To: <Richard.B.Sanders@enron.com>  cc: __Subject: Re: CalPx_Participants'_Committee_Conference Call

Attached_is our contact_list.

>>>_<Richard.B.Sanders@enron.com> 5/23/2001_8:22:00_AM >>>

Do you have a list_of_the PX participants committee that you could_send me
by e-mail.

**************************
* Confidentiality_Notice_*
**************************

This message is intended_solely for the use of_the addressee(s) and is intended to_be privileged_and confidential_within the attorney client privilege.  If you have received this_message in error, please immediately notify_the sender and delete_all copies_of_this email message_along_with all_attachments.  Thank you.
 - 1197575.pdf ------------------------------------------------------------------------------------------------------
W_E E_K E N D  _S Y S T_E_M S   A V_A I L A B I_L I T Y

F O_R

October_26,_2001 5:00pm through October 29,_2001 12:00am
------------------------------------------------------------------------------------------------------

3 ALLEN CENTER POWER OUTAGE:
Time:_ Sat 10/27/2001_at  4:00:00 PM CT thru Sat_10/


produced by the Center for International Climate and Environmental Research
- Oslo.  This takes a look at the current status of climate negotiations and
the Kyoto agreement, particularly after COP7 towards the end of last year.
It's most interesting aspect for Eyeforenergy readers is how it takes a look
at implications for business in terms of compliance, mechanisms and funding,
even for countries which have chosen not to ratify Kyoto such as the USA.
Scroll down the page to read the full report...

On the same subject, early discounted registration is now available for our
CO2 Trading: The North American Market conference, 18-20 June in Chicago,
which already has companies such as DuPont, Entergy, TransAlta, Natsource,
Entergy and Cinergy on board.  Look out for the full program for this event,
which will be published on our website tomorrow.  We can also announce that
the number of industries who will be talking about their energy management
strategies for the first time at Strategy Energy Management USA is growing,
including the likes of International Paper, North Star Steel, Nestl? and
more.  Keep an Eye on future Eyeforenergy Updates for more information as it
becomes available.

Lastly, we are now taking early no-obligation applications for our
forthcoming members only Premium Content subscription area, which will
entitle you to a discount off the already very low price.  See down for
further details...

Bruno Russell
mailto:bruno@eyeforenergy.com

CONTENTS:

   -  NEW ARTICLE - An evaluation of business implications of the Kyoto
Protocol

   -  APPLY EARLY FOR EYEFORENERGY PREMIUM CONTENT AND RECEIVE A DISCOUNT

   -  EVENTS UPDATE - New case studies for Strategic Energy Management

   -  RECENT HEADLINES

NEW WHITEPAPER

An evaluation of business implications of the Kyoto Protocol

This report was originally commissioned by Norsk Hydro ASA, and it's aim is
to present and analyze the newest developments in the climate negotiations,
particularly the seventh Conference of the Parties to the Climate Convention
in Marrakech, Morocco, in October/November 2001, and to provide an
evaluation of what the finalized Kyoto Protocol means for business.

Eyeforenergy thanks and

produced by the Center for International Climate and Environmental Research
 - Oslo.   This takes a look at the current status of climate negotiation and
 the Kyoto agreement, peculiarly after COP7 towards the end of last class.
 It's most interesting expression for Eyeforenergy readers is how it takes a expression
 at implications for business in terminus of compliance, mechanisms and financing,
 even for countries which have chosen not to sign Kyoto such as the USA.
 Scroll down the page to read the full report...

 On the same subject, early discounted registration is nowadays available for our
 CO2 Trading: The North American Market conference, 18 - 20 June in Chicago,
 which already has companies such as DuPont, Entergy, TransAlta, Natsource,
 Entergy and Cinergy on circuit board.   Look out for the full program for this event,
 which will be print on our website tomorrow.   We can also announce that
 the number of industries who will be talking about their department of energy management
 strategies for the first time at Strategy Energy Management USA is growing,
 including the likes of International Paper, North Star Steel, Nestl? and
 more.   observe an Eye on future Eyeforenergy Updates for more information as it
 becomes available.

 Lastly, we are now taking early no - obligation applications for our
 forthcoming members only Premium Content subscription sphere, which will
 ennoble you to a discount off the already very low price.   visualize down for
 further details...

 Bruno Russell
 mailto:bruno@eyeforenergy.com

 CONTENTS:

    -   NEW ARTICLE - An evaluation of clientele implications of the Kyoto
 Protocol

    -   APPLY EARLY FOR EYEFORENERGY PREMIUM CONTENT AND RECEIVE A DISCOUNT

    -   event UPDATE - New case studies for Strategic Energy Management

    -   RECENT HEADLINES

 NEW WHITEPAPER

 An evaluation of business implications of the Kyoto Protocol

 This composition was originally commissioned by Norsk Hydro ASA, and it's aim is
 to present and analyze the new growth in the climate negotiation,
 particularly the seventh Conference of the Parties to the Climate Convention
 in Marrakech, Morocco, in October / November 2001, and to provide an
 evaluation of what the finalized Kyoto Protocol mean for business.

 Eyeforenergy thanks and

profuced by the Center for Lnternational Clnnate aid Envidonmentau Research
- Oslo.  This takes e loik at the current status of climate jegotiatuons qnd
the Kyovk agreement, pzvticunerly after COP7 jowards the and of last yedr.
Kt'd most interesting aspect for Eyefowenergy rfaders is how yt tshes z look
at implications for business in terks of compliamce, mechanisms and funding,
fven for countries whifh have chowen git to ratify Kyoto such as the USA.
Acroll down the page to read thd fulk report...

On tye ddme subject, earlj discounted vvgistradion is now available foc oue
CO2 Trading: The North American Market cjnference, 18-20 Lune in Chicago,
which qleeady has comoqnids aurh zs DuPlnt, Entergy, TdansAlta, Narsource,
Entergy and Vigvtgy on board.  Look ott for the full program for this event,
wvicg will be published on iur website tomorrow.  We can ajso announce that
the number of industries who wiln be vaukiun xvokt their energy management
strategies for the sjrxt time at Stratcgy Energy Managemrnh IFA is growing,
kncludnhg the likes of Integnationwl Paper, North Stat Steel, Nestl? and
more.  Keep an Eye on flturw Eyeforenergy Updctes for morz infotmatiom as it
becomes availablz.

Lastlg, we are noa taking sxrly no-obligatiov aipliwations for our
forthcoming members inly Premiuo Comtent fubscriptiln arcd, which will
entitlf you tm a discoujt off the already very low prirx.  See down fpr
xurnher detanls...

Bruko Russell
mailtj:bruno@eyeforengrgy.com

COUTENTS:

   -  NEW AGTICLE - Ai evaluation of business hlplications mf the Kroto
Proticol

   -  APPLY EARLY FPR EYEFORVNTRGY PREMIYM CONTENT AND RECCIVE X DISCOUNT

   -  ERTNTW UPDATE - New csse sttdpes fjs Strategic Anerey Osnageoent

   -  REGENG HESDLINES

NEW WHITEPAPES

An svaluation of busimefs implixations jf the Kyoto Lrotocol

This reporu was mrijinallu cjmmissioned by Norsk Hydro ASA, and it's wim is
to presene ane analyze thz newest developments in the climate negitiations,
particulaely the seventh Conyevence of the Partyes to tha Climate Convention
un Marrakech, Morogco, in October/November 2001, and do prlvide an
evaluation of what the finalized Kyoto Protocol means for businesw.

Eyefocegergy thanka anc

produced by the Center for International Climate Research Oslo. This a look at negotiations the Kyoto agreement, after COP7 towards end of last year. It's most aspect for Eyeforenergy readers is how it takes a look at implications for in terms of compliance, mechanisms and funding, even for countries which have chosen to Kyoto as USA. Scroll down the page to read the full report... On the same subject, early discounted is now available for our CO2 Trading: The American Market conference, 18-20 in Chicago, which already has such DuPont, Entergy, Natsource, and on board. Look for the full program for this event, which will be published on our website tomorrow. We can announce that of industries will talking their energy management the first time at Strategy Energy growing, including the likes of International Paper, North Steel, Nestl? more. Keep an Eye on future Updates for more information as it becomes available. we are now taking early no-obligation applications for our forthcoming members only Premium Content subscription will entitle you to discount off the very price. down further details... Russell mailto:bruno@eyeforenergy.com CONTENTS: - NEW ARTICLE - An evaluation of business of the Kyoto Protocol - APPLY EARLY FOR EYEFORENERGY PREMIUM RECEIVE DISCOUNT - EVENTS - New case studies Strategic Management - RECENT HEADLINES An of the Protocol report was originally commissioned Norsk Hydro ASA, and it's is to present and the climate negotiations, particularly the seventh Conference of Parties to the Climate Convention in Marrakech, in October/November 2001, and to provide an evaluation of what the finalized Protocol means Eyeforenergy thanks and

produced by the Center for IntErnational climaTe aNd ENvIronMentAl Research
- Oslo.  tHis tAkes a look at the current sTatus Of CLimaTE nEgotiAtions aND
tHE kyoTo AgReeMeNT, pArticUlaRly afteR COP7 towardS thE eNd of last year.
iT's Most intereStiNg aspect for EYefOrenerGy ReaDErs is How It takEs a looK
At implIcations fOr BUsinesS In terms OF CoMpliAnce, mechanisms and FUnDIng,
even for counTries wHiCH hAVE chOseN not to ratiFy kyoto SUch as thE uSa.
sCRolL Down the page to Read the full REpoRt...

On thE sAme SUbject, Early DiSCouNted registrAtioN is now avaIlable FOr our
CO2 tRading: THe NortH AmEriCan MARkEt ConFeREncE, 18-20 juNe iN chiCago,
whicH aLrEady hAs coMPANIes sUch As Dupont, ENtergy, TransAlTa, NAtsoURce,
enterGy and cineRgY on boArd.  LooK out fOr The full program fOr thIs event,
whIch WiLl bE pUblisHEd on ouR weBsiTe tomorRow.  We caN AlsO aNNOUnCe that
the number of iNdUSTrIes who wiLl be taLKiNg ABout theiR eNerGy maNAGemenT
strATeGies for tHe firsT TiMe At StratEgY EnergY MAnaGemEnt USa Is grOwing,
iNcluding The liKEs of InternatioNAl Paper, North STAr sTEeL, nestL? anD
more.  Keep an eye oN FutuRe EyEFoRenERgy UpDates FoR MoRE information as it
becOmEs avaiLable.

lastly, we are noW taking earLY NO-obligatIon aPPlICations for our
fOrthcOming membeRS only PreMium COntent suBscriptioN ARea, which WilL
enTitLe yOU To A discount off tHE AlreAdY very loW prIce.  See dOwn For
FurTheR dEtails...

BruNo RusselL
mAiLtO:bRunO@eyefORenergy.cOm

cONtEnTS:

   -  nEW ARtiCLE - An EvaluAtioN oF bUSinEss implICaTIOns oF tHe kyotO
PrOtOcol

   -  ApPLY eaRLy FOR EYEfORENERGY pREmiUM CoNtEnT AND REcEIVE A DISCOUNt

   -  EvENTS UPDATe - NEw cAse stuDIEs for StrAtegic Energy Management

   -  RecENT HEAdLInES

NEw WHItEPAPER

An EvaLuatioN of BUsinesS impliCatioNs Of tHE kyoto pROtOcoL

THis report wAS OriGinalLy CommIssioneD by Norsk Hydro ASA, anD It's Aim is
to presenT anD anaLYZe The NEwESt dEvELopMENts in the climate NegotiatioNs,
PArTicularly tHE seVeNth ConfErence oF the PARties to The ClimatE ConventiOn
In MaRRAkeCh, Morocco, iN October/november 2001, aND to prOViDe an
eValUation Of WhaT the fInalizED KyOto PrOtocol MeAns for BusinEsS.

EyeforeNergy thanks and

produced by the Center fo r Internat ional  Cl ima te  and  Env ironmental Res e arch
- Oslo.  This takes a  look  a t  the cu rrent  status of c lim at eneg ot i at ionsand
the Ky oto agreem ent ,particularly af ter COP7 t owa rds the endoflast y ea r.I t's m ost  inte restin g  aspec t for Eye fo r energy readers i showit takes a look
a t  i m plications for  busin es s  i n ter msof complia nc e, me c hanisms an d f und i ng,
even forcountries w h ich  havech ose n  not t o rat if y  Ky oto such as  the  USA.
Scr oll do w n the p a ge to r ead th e f ull  rep o rt .. .
On the sa mes ubj ect, ear ly  d iscou nted r e g istr ati on i s now  available fo r o ur
C O 2 T radin g: Th e No rt h Ame ricanMarke tconference, 18- 20 J une in Ch ica go ,
w hi ch al r eady h ascom paniessuch as DuP on t , En tergy, TransAlta,Na t s ou rce,
Ent ergy a n dCi n ergy onbo ard .  L o o k out  for th e full p rogram fo rthis ev en t,
whi ch  wi llbe pu b lish ed onour webs ite t o morrow.  We ca n  also announc e  t h a tt he n umb er of indus trie s  who  wil l  b e t a lking  abou tt he i r energy management
s trateg ies f or the firsttime at St r a t egy Ener gy M a na g ement USA is g rowin g,
includi n g the li kes o f Intern ational P a p er, Nort h S tar  St eel , Ne stl? and
more .  Kee pan EyeonfutureEye for ene rgy  U pdates fo r more i nf or ma ti onas it becomesav ail ab le.

Las t ly, we  arenowta ki n g e arly no - ob l i gati on  a ppli cat io ns fo r ou r
fo rthcomi ng member s o n ly P re mi um Cont ent subscript io n area, wh ic h w ill
en t i tle youto a discount off the a l ready v ery  lowpric e.  See d own  for
f urt h er det ails.. .

Br un o R u s sellm a il to: br uno@eyefor e n erg y.com

CON TENTS:
   -  NEW ARTICLE - A n evaluationofbusi n e ss  im p li c ati on s  of t he Kyoto
Protoc ol

   - AP P LY  EARLY FOR EYE FO RENERGY  PREMIU M CON T ENT AND  RECEIVEA DISCOUN T
  -  EV ENTS UPDAT E - Newcase stud i es fo r  S trate gic  Energ yMan ageme nt

 - RECEN T HEAD LI NES

NEW W HI TEPAPER
An evaluation of busin ess im plica tio ns of the  Ky o toProtocol
Thi s report w asori ginal lyc ommis sion e dbyN orskHydr o  ASA, and it 'sa i mis
to prese n t and  anal yze the ne west  developments int he climate neg otia t i ons ,
p a rtic ul arly the seven thCo n f erence o fthe Parties  to theCl i mateConven tion
i n Marra k e ch ,  Moroc co,inOctober/N ove mb e r 2001,  a nd to pro vide  a n
eval uation of w h a t the finalizedKyoto P rotoc o l m eansfo r busin e ss.
Eyeforene rgy thanksand

produced by_the Center_for International Climate and_Environmental Research
-_Oslo._ This_takes_a look at_the current status_of climate negotiations and
the_Kyoto agreement, particularly_after_COP7 towards the end of last year.
It's most interesting aspect for Eyeforenergy readers is_how_it takes_a_look
at_implications for business in terms_of compliance, mechanisms and funding,
even_for countries_which have chosen not to ratify Kyoto such_as_the USA.
Scroll down_the page to read the full report...

On the same_subject, early discounted registration is now_available for our
CO2_Trading:_The_North American Market conference,_18-20 June in Chicago,
which already has_companies such as DuPont, Entergy, TransAlta,_Natsource,
Entergy and Cinergy on board.  Look_out for the full program for_this event,
which will be published_on our_website tomorrow.  We can_also announce that
the_number of_industries who will_be talking about their energy management
strategies_for the first_time at Strategy Energy Management USA_is_growing,
including the likes_of_International_Paper, North_Star Steel, Nestl?_and
more._ Keep_an_Eye on future Eyeforenergy Updates for_more_information as it
becomes available.

Lastly, we are now_taking early no-obligation applications_for_our
forthcoming members only Premium_Content subscription area, which will
entitle_you to a discount off the_already very_low price._ See down for
further details...

Bruno Russell
mailto:bruno@eyeforenergy.com

CONTENTS:

   -  NEW_ARTICLE - An evaluation of business_implications of the Kyoto
Protocol

_ _-_ APPLY EARLY_FOR_EYEFORENERGY PREMIUM_CONTENT AND RECEIVE A DISCOUNT

  _- _EVENTS UPDATE - New case studies_for Strategic Energy Management

__ -  RECENT HEADLINES

NEW WHITEPAPER

An_evaluation of business implications of the_Kyoto Protocol

This report was originally_commissioned_by_Norsk Hydro ASA, and it's_aim is
to present and analyze the_newest developments in_the climate negotiations,
particularly the seventh Conference of_the_Parties to the Climate Convention
in Marrakech,_Morocco,_in October/November 2001, and to provide_an
evaluation_of_what the finalized Kyoto Protocol_means for business.

Eyeforenergy thanks and