Here is an email: George, Dave Cobrain of the NMED has verbally approved of the soil characterization work plan which you submitted to him for review and has said that we can begin work as soon as the plan is approved by the OCD. I have not heard from Bill Olson of the OCD yet. Dave was going to inform the OCD that their office has given approval of the plan and that this might expidite Bill's review process. Ill let you know when I hear from the OCD.
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A: Approval of Sta. 9 Soil Characterization Plan
Q: The wierdness continues..... In the Senate: After Burton's "proclamation" yesterday afternoon that Senate bill 78XX was "all Edison was getting, period," the bill was voted down in committee and never made it to the full Senate for a vote. The bill will be "reconsidered" (i.e., voted on again) today in the same committee. In the Assembly: Hertzberg's bill (82XX) got voted down initially, until Rod Wright switched his vote and let it get out. 82 XX then went to the appropriations committee, where it was voted out, and now it's scheduled for a floor vote this morning. 83XX, the bipartisan bill led by Wright (D) and Richman (R), was also voted out of committee and will go to appropriations today. Will report back later this AM with any additional information. Best,
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A: Update to California Update 07.18.01
IN: Hi John, Thanks again for your help on the 3 way bookout with Williams. In the East , we would like to do some with Constellation. Your help in getting Rob Benson to allow us to do this would be helpful. MS sell to Enron Enron sells to Constellation Constellation sell to Enron 50 mw Cal 03 PJM 36.50 25 mw Cal 02 Nepool 42.50 Also, Enron sells to MS MS sells to Constellation Constellation sells to Enron 25 Cal 02 Nepool ICAP 1.05 kwm Thanks,

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OUT: More Bookouts
IN: This is an email
FYI. As you know, we're attempting to find a solution to the "reasonable review" morrass that's impeding utility forward contracting. For that effort, we've worked with the Portland desk to pull together some educational materials to use with a subset of California stakeholders that's trying to devise a solution to California's melt down. The attached graphs show 3 scenarios for the state as a whole. 1) "do nothing" 2) for 60% of IOU short position, split the amount 50-50 and 1cover half the amount with 10-year fixed priced power and the other half with 5-year fixed priced power. 3) create a portfolio with a) 25% of short position covered by 10-year fixed priced power, b) 20% of short position covered by 5-year fixed price power, c) 15% covered by 1-year fixed price power, d) 20% covered by May-Sept fixed-price power, and e) 15% from the PX. The term of each scenario is 5 years. Because each is priced off our our curves, the average price is roughly equivalent for each of the three portfolios. However, the graph shows (as one would expect) that exposure to price volatility is significantly higher under scenario 1 compared to 2 and 3. The goal is to use the illustrative scenarios to persuade the industry that in the short run (i.e., immediately) the utilities should be permitted to buy a modest amount of power under 5 and 10 terms, and those purchases (if undertaken using a "DealBench-like" tool) ought to be "per se" reasonable.

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OUT: Illustrative Portfolios
QUESTION: Harvard University Club of Houston - Harvard Forum "Pathways to Success: What it Takes to Move from Dorm Room to Board Room in Two Easy Decades" Dinner and Discussion Club Following upon the rousing success of the Club's first Harvard Forum "Raising Children of Character in A World of Affluence," the Harvard Club of Houston is conducting another Harvard Forum. We plan to have three during the current academic year. For those of you unfortunate enough to have missed the first Forum, the format works like this: we'll have dinner, and then a panel of Harvard grads will give brief introductions to the evening's topic from their perspective, and then we will all engage the topic for ourselves in a moderated discussion. The panel members will be knowledgeable, but not so expert that anyone will be intimidated. They will, however, be provocative to assure that the subsequent conversation is lively. You will come away knowing your fellow Club members better than ever - maybe better than you ever wanted. We hope that the topic we've picked for the second Forum will be captivating to recent and older alumni alike. Our panelists will cover the spectrum of vocational experience, not all business people; and you might argue whether some even have a vocation. Some will identify the critical factors in achieving success, while others will argue that all personal planning is an exercise in self-delusion. We are confident that the discussion will be informative and lively. Because of the format, only the first 40 people can be accepted. We had to turn away people last time, so please respond promptly, as indicated below. When: Saturday, September 22, 7:30 p.m. Where: Briar Club, 2603 Timmons (East Briar Room) Cost: $35.00 per person Reservations: Email dottie@kerr-solutions.com or call 281/424-3084 (Payment must be made at time of reservation by credit card or mailing check to 3413 Cobblestone Lane, Baytown, TX 77521-1956.) For further information, contact David Grizzle (david_grizzle@yahoo.com or 713-324-2966) or Danguole Spakevicius (danguole@fempartners.com or 713-665-4218). =================== Dottie Kerr (harvardclub@kerr-solutions.com) Administrator for Harvard Club of Houstonwww.harvardclubofhouston.org
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ANS: Harvard Forum - September 22, 2001
IN: This is probably not anything new to some of you, but I contacted the Enron Benefits Service Center today, again, and made contact with someone almost immediately (713-332-7979). I asked about the status of retiree health insurance benefits. The contact person indicated that all retiree health insurance was still in force and the Service Center had not received any new information about health insurance benefits for retirees. If you have heard anything new or different, please let me know. The "Frequently Asked Questions" web site (www.enron.com/corp/alumni/faq.html) seems to be primarily pertaining to employees who have been a party to the layoffs. There was some mention of COBRA insurance being available after December 31st, which seems, at this time, to pertain to employees involved in the layoffs. I have submitted a question pertaining to retirees. There are some retirees involved with the Enron Deferred Compensation plan, for which payments have now been stopped. Forms are being mailed by Enron to those with unpaid Deferred Comp. Such forms are to be used for filing as "Unsecured Creditors." Some groups have been formed to contend with this particular situation. Leon Ullrich

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OUT:
Health Insurance - 12-11-01