QUESTION: After a careful review of the wholesale and retail gas trading and scheduling process it has been decided that the Gas Logistics teams should report directly into the Enron America's Commercial organization. This realignment will help to strengthen the commercial focus and communication between the trading desks and the schedulers and will play a critical role as Enron tries to maximize opportunities and maintain a competitive trading edge. The details are as follows: Wholesale Bob Superty will maintain his management of the Logistics support functions which include the Transport Rate team (Kim Olinger), Electronic Commerce team (Tammy Lee-Jaquet) and Regulatory Affairs teams (Suzanne Calcagno). In addition, Bob will now manage the Northeast Logistics team as part of the East desk. Bob will report directly to Scott Neal and will also help coordinate the Logistics function across all regions working closely with each of the regional Logistics Managers, Commercial desk heads and Enron Americas senior management team. Victor LaMadrid will manage the Southeast Logistics team and will report directly to Scott Neal. Victor's knowledge and overall east desk experience will be critical to help maximize east desk opportunities and promote new initiatives across all regions. Lisa Kinsey will manage the Central Logistics team and will report directly to Hunter Shively. Patti Sullivan will manage the West Logistics team and will report directly to Mike Grigsby. Darren Farmer will manage the Texas Logistics team and will report directly to Tom Martin George Smith will manage the Well Head Logistics team and will report directly to Fred Lagrasta. Retail Donna Greif will now report directly to Don Black. Each of the regional Logistics Managers (East - Marde Driscoll-Ernest, Central - Charlie Muzzy, West - Sabra Dinari) will continue to report directly to Donna. Donna will continue her ongoing efforts in the development and integration of the new retail trading systems, prior period adjustments and development of a strong and talented Logistics team. Congratulations to all involved and welcome to the commercial gas team - John Lavorato, President and CEO, Enron Americas.
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ANS: Logistics Commercial Realignment

QUESTION: We are closing to finalizing a Lotus Notes Database for us to keep track of approvals for online trading counterparties and any amendments to online trading documents. Once the database is done, I (and you, I guess) will have to input the data for the Houston and London based Credit counterparties. I am forward to you this early draft of the database for you to see what it looks like. You will have to go into "create new counterparty" to see the format once you opened the database up. We're still revising it to add a drop down for amendments to online trading documents, and then we're going to have a sort similar to the Pending Swap Update sort on Lotus Notes, that will show the Counterparty Name, Approved for Online Trading: Yes or No, and then follow with any amendments to the online agreements. This will, obviously, help us keep track of if and why we've approved a counterparty, and also help us generate reports to the online trading team. Access will currently be granted to the same people who have access to the Master Swap Agreement Database. If you have any additional Credit Online People to add let me know. We hope to have it ready within the week so we can start populating it with the information.
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ANS: online trading db

QUESTION: RBowers@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: The NYISO will be posting invoices later today for the initial settlements of July 2001 and the 1st settlement adjustments of July 2000, August 2000, & March 2001. Transmission Customers will observe the following adjustments to their settlements. Adjustments have been made to Transmission Customers' invoices to recover the costs related adjustments made to customer settlements outside of the billing process and to adjust the NYISO clearing account balance to zero for each month invoiced. Prior to October 2000, the NYISO recovered or refunded differences in the revenue received from Schedule 1 charges, which were comprised of forecasted uplift & residual adjustments, and the costs actually incurred by adjusting subsequent month's Schedule 1 rates accordingly. In October 2000, the NYISO implemented a change in the tariffed Schedule 1 provisions that allowed the recovery and refund of these costs as they were incurred. In order to allow any changes in uplift and residual adjustments to be settled through the settlement adjustment process, the code implemented in October 2000 was used to report these costs to the market. This results in an over-collection which is being returned to Customers through an adjustment to their monthly balances. This billing treatment for July 2000 and August 2000 settlement adjustments resulted in credits to the market totaling $7,700,605.23 and $32,146,310.55, respectively. Customers where paid their share of these adjustments based upon their respective ratio shares of NYISO load for each month. This adjustment provides for the settlement of all accounts in the market in the month(s) the costs or over-collections were realized and adjusts the NYISO clearing account balance impact to zero for each month. Adjustments have also been made to Transmission Customers' invoices to recover the costs related adjustments made to customer settlements outside of the billing process. These adjustments totalled $964,548.42 for March 2001, $375,110.49 for July 2000 and $48,973.41 for August 2000. Customers where allocated their share in these costs based upon their respective ratio shares of NYISO load for each month. Regards,
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ANS:
Adjustments to 7/2000, 8/2000, & 3/2001 Settlement Adjustment Invoices