I am on board. If the PX comes back again, I will call their in-house attys.

	Christian Yoder/ENRON@enronXgate
	06/04/2001 05:54 PM

		 To: Elizabeth Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
		 cc: Tracy Ngo/ENRON@enronXgate
		 Subject: FW: Collateral Notification - EPMI

 -----Original Message-----
From:  Ngo, Tracy
Sent: Thursday, May 31, 2001 4:49 PM
To: Yoder, Christian
Subject: RE: Collateral Notification - EPMI

Can you pass this along to Elizabeth to ensure Sanders is on board as well?
We are renewing our L/C's on a month to month basis for the PX per Sanders.
However, the request below is to "replenish" the CASH that was drawn
down...please advise.

 -----Original Message-----
From:  Yoder, Christian
Sent: Thursday, May 31, 2001 4:48 PM
To: O'Neil, Murray P.
Cc: Hall, Steve C.; Ngo, Tracy
Subject: RE: Collateral Notification - EPMI

I agree with Steve's position stated in his separate e'mail.  Don't give
these guys a penny.----cgy

 -----Original Message-----
From:  O'Neil, Murray P.
Sent: Thursday, May 31, 2001 2:45 PM
To: Ngo, Tracy
Cc: Hall, Steve C.; Yoder, Christian
Subject: FW: Collateral Notification - EPMI

Tracy,  Do we have concerns here.  We pointed out to the PX that there was
excess credit.  By using collateral to pay these bills are we not keeping
required levels available?

MO

 -----Original Message-----
From:  <Don_Deach@calpx.com <mailto:Don_Deach@calpx.com>>@ENRON
[mailto:IMCEANOTES-+3CDon+5FDeach+40calpx+2Ecom+3E+40ENRON@ENRON.com]
<mailto:[mailto:IMCEANOTES-+3CDon+5FDeach+40calpx+2Ecom+3E+40ENRON@ENRON.com]>

Sent: Thursday, May 31, 2001 2:41 PM
To: EPMI@calpx.com <mailto:EPMI@calpx.com>; BFM-EPMI@calpx.com
<mailto:BFM-EPMI@calpx.com>
Cc: Lynn_Miller@calpx.com <mailto:Lynn_Miller@calpx.com>;
Susan_D_Rossi@calpx.com <mailto:Susan_D_Rossi@calpx.com>;
Lisa_G_Urick@calpx.com <mailto:Lisa_G_Urick@calpx.com>;
Clark_R_Cheng@calpx.com <mailto:Clark_R_Cheng@calpx.com>
Subject: Collateral Notification - EPMI

Participant:

Pursuant  to  your  written  request  and  in  accordance  with  the
Preliminary
Injunction  issued on March 5, 2001 by the Court in Enron Power Marketing,
Inc.,
et  al.  v.  California  Power Exchange Corporation, USDC Case No. 01-00901,
the
California Power Exchange Corporation (CalPX) applied cash collateral
maintained
by Enron Power Marketing, Inc. in payment of the following invoices:

          Dec RT F   $ 15,297.24
                Jan RT P    $ 64,547.04
                Jan RT F    $   2,255.74

Enron Power Marketing, Inc. has not restored such collateral.  Please be
advised
that  the  Preliminary Injunction requires CalPX market participants to
maintain
their current levels of collateral while the FERC Proceeding and the
Preliminary
Injunction  are  in  effect,  and  allows CalPX to take any necessary actions
to
preserve such collateral.


ENA bids CIG Gas Daily +.03 for fuel in November.

Theresa


print
----- Forwarded by Steven J Kean/NA/Enron on 10/16/2000 10:39 AM -----

	"IssueAlert" <IssueAlert@scientech.com>
	10/12/2000 06:56 AM

		 To:
		 cc:
		 Subject: Reliant Energy: Splitting Business in Two to Maximize Shareholder
Value

http://www.consultrci.com

************************************************************************

El Paso Global Networks plans to spend up to $2 billion in the next few
years on telecom acquisitions.  Find out more about SCIENTECH'S
Telecommunications
InfoGrid at:
http://www.consultrci.com
************************************************************************

===============================================================
SCIENTECH IssueAlert, October 12, 2000
Reliant Energy: Splitting Business in Two to Maximize Shareholder Value
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

Reliant Energy announced the top-level executives for the two companies
that will emerge from its planned separation into two stand-alone, publicly
separated companies. Steve Letbetter will serve as chairman and CEO of
the unregulated company. David McClanahan has been named president and
CEO of the regulated company, which will be created at the time of the
business separation. In July, Reliant Energy announced plans to separate
into two publicly traded companies in order to separate its unregulated
businesses from its regulated businesses. Following regulatory approval,
the company plans an initial public offering (IPO) of approximately 20
percent of the common stock of its unregulated operations by early 2001.

ANALYSIS: In June 1999, Texas adopted legislation to allow retail competition
beginning on Jan. 1, 2002, for the majority of customers within the state.
Senate Bill 7 mandated that utilities in the state construct firewalls
between their operating companies. In other words, Texas utilities must
have separate companies*with separate financial records*for energy services,
distribution, generation, etc. In Texas, incumbent utilities must establish
affiliated retail units that will serve customers who do not switch, but
these units must be completely separate from the T&D operation of the
incumbent
utility. At first, Reliant Energy resisted this mandate and lobbied to
keep its operations under one company. Thus, it was somewhat of a surprise
when Reliant announced in July that not only would it be splitting into
two publicly traded companies, but also that it would be issuing an IPO
for the unregulated side of its operations. Currently, as one company with
both regulated and unregulated operations, Reliant (NYSE: REI) is trading
at about $45 13/16 (at market close on 10/11). Reliant has declined to
make any projections about pricing of the IPO of its unregulated businesses,
which it expects to issue in early 2001, until it submits an S1 filing
with the SEC later this year. Reliant expects the IPO to be followed by
a distribution to shareholders of the remaining stock of the unregulated
company (within 12 months of the IPO).

Reliant's motivations to divide itself into two companies are pretty
straightforward.
On one hand, the company is simply complying with the regulatory mandates
of Texas. Yet, more importantly, Reliant is turning the mandate into a
financial opportunity by establishing two public companies with dramatically
different risk / reward profiles. The unregulated side will include such
businesses as power generation, marketing and trading, telecom, and the
European operations. The regulated side will include the businesses related
to electricity and natural-gas distribution as well as the company's U.S.
interstate pipelines.

Reliant is a company that is seeking to maximize the opportunities that
deregulation is offering, both in the United States and internationally.
As an international energy delivery and energy services company, Reliant
makes about $15 billion in annual revenue and has assets totaling $30
billion.
The company's wholesale energy trading and marketing business is arguably
within the top five (definitely within the top 10) in the United States,
supported by its nearly 27,000 MW of power generation assets.

As the company continues to transform itself from a traditional utility
into an aggressive energy services company, it recognizes that its
traditional
investors have tended to be fairly risk averse, preferring to invest in
the regulated activities of a conservative utility company. As Reliant
attempts to penetrate new competitive markets, it intends to make itself
an appealing investment opportunity for investors who are more "growth
oriented and tolerant of risk," (as described by Letbetter). The most
practical
way to maximize shareholder interest and boost stock value is for Reliant
to bifurcate its operations, offering two options for capital investment.

It's a trend that is becoming more common in the energy industry, especially
with regard to high-risk ventures. For instance, Southern Company just
closed the IPO of its aggressive subsidiary Southern Energy (NYSE: SOE)
on Oct. 3. Southern Energy, a global energy company, has become one of
Southern Company's primary moneymakers (in the second-quarter alone, the
subsidiary reported $93 million in earnings). When the IPO of Southern
Energy closed, it brought total gross proceeds and a concurrent securities
of approximately $1.81 billion to its parent. Southern Energy's current
stock price is running at $29 1/8 (at market close on 10/11). The IPO price
of Southern Energy on 9/27 was $22. Another example is Northern States
Power (now part of Xcel Energy since it merged with New Century Energies),
which this June spun off a portion of its NRG Energy subsidiary, an
independent
power producer. (See IssueAlert from 10/2/00 for more information). In
addition, the trend is visible in other industries as well. AT&T recently
announced its plans to spin off its customer long-distance business to
shareholders.

However, even though the financial rewards of such an IPO are enticing,
there are possible downsides to such a move as well. Moody's raised serious
concerns about Reliant's announcement in particular. Specifically, Moody's
says that Reliant's regulated unit could be left with heavy debt loads
after the structural split, which would hurt its own quality and bond
ratings.
Moody's has put both Reliant Energy Inc. and at least two of its subsidiaries
on watch for possible downgrade from their Baa 1 status. Reliant remains
on watch for possible downgrade as of Oct. 11. Another risk is that as
more spin offs of non-generation units become commonplace, they may lose
their appeal on Wall Street. The average first-day gain for similar energy
IPOs was 43 percent in the third quarter, compared to 96.5 percent in the
first quarter, perhaps indicating that Wall Street is already becoming
less enamored with this strategy.

Yet, these risks aren't dissuading Reliant from moving forward with its
plan. As the company retains but moves beyond its traditional electricity
and natural-gas distribution businesses, Reliant's focus is to expand its
current business portfolio. By splitting its two operations in two, Reliant
can separate its vastly different regulated and unregulated cultures. The
companies require totally different management approaches, one based more
in regulatory relations and the other driven by entrepreneurial spirit.
The freedom Reliant gains from spinning off its operations into two separate
businesses*one high risk, one low risk*appears to make this a smart move,
at least for now.
==============================================================
Discover a world of utilities information in our new e-zine, SourceBook
Online.  Get a free SourceBook Weekly article at:

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html

===============================================================

SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let
us know if we can help you with in-depth analyses or any other SCIENTECH
information products including e-commerce and telecom in the electric utility
industry. If you would like to refer a colleague to receive our free, daily
IssueAlerts, please reply to this email and include their full name and
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Sincerely,

Will McNamara
Director, Electric Industry Analysis
wmcnamara@scientech.com
===============================================================
Feedback regarding SCIENTECH's IssueAlert should be sent to
wmcnamara@scientech.com
===============================================================

SCIENTECH's IssueAlerts are compiled based on independent analysis by
SCIENTECH
consultants.  The opinions expressed in SCIENTECH's IssueAlerts are not
intended to predict financial performance of companies discussed or to
be the basis for investment decisions of any kind.  SCIENTECH's sole purpose
in publishing its IssueAlerts is to offer an independent perspective
regarding
the key events occurring in the energy industry, based on its long-standing
reputation as an expert on energy and telecommunications issues.

Copyright 2000.  SCIENTECH, Inc.

If you do not wish to receive any further IssueAlerts from SCIENTECH, please
reply to this message and in the body of the email type "remove."


Thanks again for taking us to lunch.  We should do these things more often.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Here is the master sample for you.

Credit sections are:  Articles  4, 4.1, 4.2, and 4.5, or 4.6.
Remedies, Liability and damages:  Article 8.3
Obligations and Performance:  Articles 3.1, 3.3,and 3.4

dp

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Kysa M. Alport
Enron North America
(O) 503-464-7486
(C) 503-706-5308


Yesterday, Enron settled a procedural dispute with Dynegy over Northern Natural Gas.  Our settlement allows Dynegy to exercise its option to acquire the pipeline, dismisses their Texas lawsuit and extends Enron's right to repurchase until June 30.  We reached this settlement as part of our efforts to bring Enron out of bankruptcy.  While we would like to keep Northern Natural, we still have some 9,000 miles of safe, profitable interstate pipelines as a base to rebuild our core businesses.

The settlement provides the best opportunity to resolve the pipeline issue quickly and pursue our $10 billion damage claim against Dynegy.  It also allows us to avoid the very substantial costs and distractions from protracted litigation in state courts.

We want to see a positive future for the employees working with Northern Natural Gas.  Below is a copy of a message from Stan Horton further explaining this decision to the employees of Enron Transportation Services.

Ken

Dear ETS Colleague:

On Thursday, Enron entered into a settlement over Dynegy's exercise of its option to acquire the Northern Natural Gas pipeline.  The settlement allows Dynegy to exercise the option and assume interim control of the pipeline while Enron pursues its damage claim against Dynegy.

In this respect, Enron Corp. has carefully weighed the substantial costs and turmoil that litigating this possession issue would create for the company and the employees of Northern Natural Gas.  Consequently, Enron Corp. has decided not to contest interim possession and allow the transfer of Northern Natural Gas to Dynegy, while the larger issues affecting its future are resolved.

The company has concluded that with this settlement, Enron should be able to resolve the issue more quickly, as well as avoid the legal cost burden and distractions to the business from protracted litigation in state court.  For the Northern Natural Gas employees, I believe this decision should allow them to steer clear of the dispute and focus on the day-to-day satisfaction of running a valuable, successful business.

Beginning immediately we will be working to achieve a smooth transition and to align the appropriate resources to assure continued safe, reliable and efficient operation of Northern Natural Gas.

Over many years we have run high quality, cost conscious and profitable businesses in ETS.  Keep up the good work!

Stan


Name: Federico

Surname: Boschi

Born in Bolgna on 29 December 1963

Address: Via D'Azeglio n. 63 Bologna Italy

Zip code: 40124 Italy

Tel: +39051581275
Mobile: +393356645158

Study: Graduated in economics on 1995, Bologna University; Thesis in Industrial
Economics on: liberalization of the Italian electricity industry.

Languages:  Italian   mother language
            English   Good
            Spain     sufficient

Business experience (Most relevant);

    July 2001 as of today
             Company:   Acquirente Unico ( a electricity purchasing agency
                        for the whiole Italian captive market)

             Position:   Purchase and sales manager; moreover I'm responsible
 for setting up the risk management office

    July 2000 up to June 2001

             Institution: Autorita' per l'energia elettrice ed il gas (the
Italian energy regulator)
             Position: officer in the electricity area;
             Main tasks: a) stranded costs recovery mechanism; b) scarce
import capacity allocation criteria c)wholesale market rules (code of dispatching
regulation including ancillary services market - including the balancing
market - and congestion management mechanism).

    March 2000 up to June 2000
              Institution: Ministero dell'Industria
              Position: member of the Minister's technical secretary (advising
the Minister on energy issues)

    March 1997 up to June 2000
              Company: AMI Imola (a water, gas, electricity and waste disposal
municipal utility);
              Position: Responsible for strategic planning;

I also wrote articles on electricity regulation (tariffs, wheeling..) in
Italy.

Expectations:
 As I'm responsible for setting up the trading desk and the risk management
office of Acquirente Unico (that is itself a newly constituted company)
I would like to improve my knolegde on these issues (resources and skills
needed and so on); I would like to understand what could be outsourced and
what kind of incentives it requires.

I'm so sorry, That's the best I can do as I'm still on holiday
Bye

Federico

__________________________________________________________________
Abbonati a Tiscali!
Con VoceViva puoi anche ascoltare ed inviare email al telefono.
Chiama VoceViva all' 892 800        http://voceviva.tiscali.it


My details to Ted ...
---------------------- Forwarded by Sally Beck/HOU/ECT on 10/18/2000 10:40 PM
---------------------------

	Enron North America Corp.

	From:  Sally Beck                           10/18/2000 10:20 PM

To: Ted Murphy/HOU/ECT@ECT
cc:
Subject: Speaking Engagement on October 23

Thanks in advance for agreeing to speak at the Global Operations Controller
Forum.  There will be approximately 30 Enron business controllers present at
the meeting.  All have responsibility for mid and back office operations for
the following Enron entities:  Enron North America, Enron Europe, Enron South
America, Enron Global Markets, Enron Industrial Markets, Enron Broadband
Services and Enron Energy Services.  Attendees will be here from Houston,
Calgary, Tokyo, Sydney, London and New York (metals business-maybe!).

Attached for your reference is the agenda. There may be some slight changes
before the forum begins, but this will give you a good idea of the topics to
be covered and the other speakers who will address the group.

You are scheduled to address the group as follows:

Date:  Monday, October 23, 2000
Time:  3:30 pm
Place:  The Warwick Hotel
  The Versailles Room - 12th Floor
  5701 Main Street
  Houston,  TX  77005

I have noted that your topic will be assessing, measuring and managing market
risk.  Any references that you could make to the importance of information
flow between RAC and operations would be great to cover.  Feel free to offer
up a challenge to the group.

I hope that you will be able to join us for the tour of Enron Field and for
dinner at Ruggles Center Field Terrace on Monday evening.  The tour is at
6:00 and dinner is at 7:00.


Start Date: 2/6/02; HourAhead hour: 4;  HourAhead schedule download failed. Manual intervention required.


We are disappointed to announce that Philippe Bibi, president and CEO of
Enron Net Works, has resigned from Enron. Philippe will be joining Putnam
Investments in Boston, Mass. as Chief Technology Officer.

Philippe joined Enron in 1995, as Chief Information Officer for Enron Capital
& Trading, and has been a key member of the team that built Enron,s IT
organization, including our numerous successful e-commerce initiatives.
Philippe has been a great asset to Enron and our IT efforts.

For six years, his creativity, intelligence, and focus have benefited the
company in many ways.  He will be missed.

Philippe has agreed to make himself available to assist in the transition of
his responsibilities.  In the interim, all of the employees who report to
Philippe will continue reporting to the Office of the Chairman for Enron Net
Works.

Please join us in thanking Philippe for his  many years of service to the
company and in wishing him the very best.


3 of us are going up Friday and we are staying with a friend of one of the
guys in the group.

"K. Bass" <daphneco64@bigplanet.com> on 10/03/2000 02:42:59 PM
Please respond to "K. Bass" <daphneco64@bigplanet.com>
To: Eric.Bass@enron.com
cc:
Subject: Re: Re:

Hi E,

I'm glad to see you are having a good time with your friends.  How many are
going?  Where are you staying?

Talk to you later.  LU-M

----- Original Message -----
From: <Eric.Bass@enron.com>
To: "K. Bass" <daphneco64@bigplanet.com>
Sent: Tuesday, October 03, 2000 1:43 PM
Subject: Re: Re:

>
> Jason seemed excited about the concert.  I think  this is one of his
> favorite bands.  I enjoy their music as well but not to the same degree as
> my eldest sibling.
> I am actually going to Dallas on Friday for the TX-OU game.  I am taking a
> couple of friends from work, so it should be a good time ( it always is).
>
> -E
>
>
>
>
> "K. Bass" <daphneco64@bigplanet.com> on 10/03/2000 12:41:43 PM
>
> Please respond to "K. Bass" <daphneco64@bigplanet.com>
>
> To:   Eric.Bass@enron.com
> cc:
> Subject:  Re: Re:
>
>
> Hi E,
>
> Well, I'm thinking about voting for Gore - NOT!  I will, however, not
> mention another word re: election.
>
> Everything else is fine here.  I talked with Jason today to wish him a
> happy
> 26th.  He was online with Ticketmaster and got last minute tickets in the
> front row of the "pit".  He's very excited.  Do you like the group he's
> going to see?  I'm not familiar with them.
>
> How is work?  Are you going to Austin this weekend?  Tell Shanna to have a
> nice time at the wedding.
>
> LU-M
> ----- Original Message -----
> From: <Eric.Bass@enron.com>
> To: "K. Bass" <daphneco64@bigplanet.com>
> Sent: Tuesday, October 03, 2000 12:18 PM
> Subject: Re:
>
>
>
> Hi Mom -
> I got your e-mail yesterday.  Shanna wasn't offended by your poignant
> political comments, she just knows, in no uncerain terms, that your are
> Republican and are going to vote for Bush.
>
> Disregard the bills that your recieve from Blockbuster.  I will pay the
> late fee the next time I rent a movie.
>
> How are things otherwise?
>
> -E
>
>
>
>
> "K. Bass" <daphneco64@bigplanet.com> on 10/03/2000 10:15:01 AM
>
> Please respond to "K. Bass" <daphneco64@bigplanet.com>
>
> To:   Eric Bass <Eric.Bass@enron.com>
> cc:
> Subject:
>
>
>
> Good Morning, Eric-
>
> I assume you received my message yesterday but were  too busy to respond.
> That's o.k. As a postscript though, I bought  your Dad a new Marine
> sweatshirt so you can keep the other one. And, I got  another bill from
> Blockbuster for late fees. Perhaps it would be best if  you get your own
> account. Have a wonderful day.   LU-M
>
>
>
>
>
>
>
>
>
>
>
>
>


Apologies.  I invariably leave someone of the damned list.
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 09/12/2000 10:52
PM ---------------------------

Jeff Dasovich
09/12/2000 10:50 PM
To: James D Steffes/HOU/EES@EES, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT, Sandra McCubbin/SFO/EES@EES,
Mona L Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES, mpalmer@enron.com,
Karen Denne/Corp/Enron@ENRON
cc:
Subject: DJ Freeman Sees Cal/ISO, PX Merger, Lower Price Cap

I'd say, "What next?", but I'm afraid to ask....
Regarding our California strategy, preventing the merger would seem to be
right up there with "end the price caps" in our list of priorities.  At
today's FERC hearing, a hair-brained consumer advocate called for merging the
PX and the ISO.  During the panel I was on, I made the point that a merger
would make California's problems worse than they are today.  The FERC
Commissioners seemed somewhat responsive to my concerns.
P.S. After the panel, Heber lobbied me hard to support transcos.
DJ Freeman Sees Cal/ISO, PX Merger, Lower Price Cap
Copyright , 2000 Dow Jones & Company, Inc.

By Jason Leopold
     Of DOW JONES NEWSWIRES
     SAN DIEGO (Dow Jones) -- David Freeman, seen a likely replacement for
Marcie Edwards on the board of governors of the California Independent System
Operator, said his first order of business would be to try and merge the ISO
and the California Power Exchange.
     Edwards resigned her post on the ISO Thursday.
     An informal consensus among the board has already approved his
membership.
     Freeman told Dow Jones Newswires that the $250 per megawatthour
wholesale power price cap in California is too high, and that he would like
to see it reduced below $100/MWh.
     "I think my role (on the board) will help the state solve it's serious
generation shortage problem," Freeman said.
     Some market participants said Freeman is expected to run for chair of
the ISO's board of governors, a seat currently held by Jan Smutny-Jones.
     The Los Angeles Department of Water and Power has this summer been able
to sell the ISO power in the real time market, and make a great profit for
itself in return.
     By Jason Leopold (323)658-3874.


I extended the deal at mtr 6719 to include 2/10.   In the future, please run
all wellhead deals through Tom Acton first.

I've got a message into Julie Meyers to look into the contract at meter 9676,
and will let you know what she determines.

D

Jackie Young
03/10/2000 10:39 AM
To: Daren J Farmer/HOU/ECT@ECT
cc: Anita Luong/HOU/ECT@ECT
Subject: 98-6719 and 98-9676

Hi Daren,

Can you please check into whether or not the below deals for the above meters
can be rolled and extended?  If so, can you please perform this for me so
that Anita can set up an accounting arrangement for me?

98-6719  Sitara Deal #166989 Flow @ meter began on February 10th but the deal
is not effective until  February the 11th.
     No new deal # referenced and no evergreen flag.  This is on the
gathering (96026573) K which is the only
     K @ the meter.

98-9676  Sitara Deal #151669 Deal good from 1/1/00 - 1/31/00 but there is
flow for all of February 2000 with no K.  This is on the 215K      for 1/2000
production which is the only K @ the meter.

Thanks
-Jackie-
3-9497


Casey & Stacey,
;
I hope that you are the ones that I need to talk to about the $32MM prudency
amount on the Power DPR - GENCO.; This amount showed up on the January DPR.;
Do we really want this amount in prudency?; I ask this because prudency is a
reserve and normally would be negative on the DPR.; I am confident that
Arthur Andersen will question this as part of the 1Q01 audit and I don't
really know how to respond.; Do you think that it will be zero at quarter-end
or will it still be there?
;
If I should be talking to someone else about this, please let me know.
;
thanks for you help
;
Tracy Irvin
Enron North America
713-853-9158


---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 03/08/2000
09:58 AM ---------------------------

Teddy Ward
03/08/2000 07:17 AM
To: Benjamin Rogers/HOU/ECT@ECT
cc:
Subject: Enron North America/Rochester Generator Project

Ben:  Because of the short time frame I am just forwarding the questions from
our broker (representing the surety) concerning your request for bid bond.
Very valid questions and also will impact your performance bond should you
win and need one.  Please try and get back to me asap as this is a very short
time frame for the bond.  Thanks.
---------------------- Forwarded by Teddy Ward/HOU/ECT on 03/08/2000 07:11 AM
---------------------------

"Phil Bair" <pbair@jwortham.com> on 03/08/2000 06:52:45 AM
To: Teddy Ward/HOU/ECT@ECT
cc:
Subject: Enron North America/Rochester Generator Project

Teddy-We are preparing the bid bond based on the request received yesterday
evening.  The bid specifications indicate liquidated damages in the amount of
$2,375,000 PER DAY.  I assume Enron will not accept damages at this level.
Please check to determine if the bid will be qualified in this area-and what
alternative damages may be offered.  Due to the unusual size of the penalty
relative to the contract value, this could have an impact on reinsurance.

The contract indicates a normal one year warrenty from the contractor.  The
charge for this warrenty is included in our standard performance bond rate.
I have bonded a number of generator contracts similar to this, and frequently
there is an option for the contractor to offer an extended warrenty up to 5
years.  Since this would impact the premium charged, you may want to check to
see if this option exist so we can get the pricing correct in your estimate.

Thanks.
3/8/00

Philip N. Bair
713-346-1378 (Telephone)
713-520-1260 (Telefax)


Fyi  I 'm putting these tickets in now.
---------------------- Forwarded by Tom Acton/Corp/Enron on 03/28/2000 01:42
PM ---------------------------

Vance L Taylor@ECT
03/28/2000 01:40 PM
To: Tom Acton/Corp/Enron@ENRON
cc: Carlos J Rodriguez/HOU/ECT@ECT, Lisa Hesse/HOU/ECT@ECT, Susan
Smith/HOU/ECT@ECT, Donald P Reinhardt/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Julie Meyers/HOU/ECT@ECT

Subject: April Spot Tickets

Tom,

HPLC will be purchasing wellhead gas from the producers listed below for the
production month of April.  This production will be purchased on a "spot"
basis and deal tickets should be created and entered into sitara based on the
following information:

Counterparty    Meter   Volume   Price

Engage Energy US, LP   5839   598mmbtu/d   100% IF/HSC less $0.20
Engage Energy US, LP   5848   285mmbtu/d   100% IF/HSC less $0.20
Engage Energy US, LP   5923   671mmbtu/d   100% IF/HSC less $0.20
Engage Energy US, LP   6801   1,157mmbtu/d   100% IF/HSC less $0.20
El Sordo Gathering   6315   103mmbtu/d     70% IF/HSC
Swift Energy    2630   21mmbtu/d     90% IF/HSC less $0.258
EEX Corporation   6500   1,778mmbtu/d     95% IF/HSC
EEX Corporation   5999   8,648mmbtu/d     95% IF/HSC

Thanks,

vlt
x3-6353


Notice # 01-168
May 17, 2001

TO:
All NYMEX and COMEX Members and Member Firms

FROM:
Neal L. Wolkoff, Executive Vice President

RE:
Revised Implementation Date for New NYMEX Rule 9.11A ("Give-Up Trades")

DATE:
May 16, 2001
===========================================================
Previously, in Notice to Members #01-154, the Exchange stated that new
NYMEX Rule 9.11A
("Give-Up Trades") would go into effect on June 1, 2001.  The Exchange is
revising the implementation timeframe in order to provide Floor Members and
Member Firms with additional time to obtain necessary records and become
compliant with the requirements.  Accordingly, please be advised that this
rule now will go into effect beginning on the trade date of August 1, 2001.
Further, it is anticipated that a similar rule will be implemented for the
COMEX Division following final review and approval by the COMEX Governors
Committee.

!    In the absence of an applicable give-up agreement, new Rule 9.11A will
define the respective responsibilities/obligations to an order of executing
brokers, customers and Clearing Members.

!    The term "executing broker" as used in Rule 9.11A refers to the
registered billing entity, Member Firm or Floor Broker to whom the order is
transmitted.

!    Rule 9.11 will provide that, in the absence of an applicable give-up
agreement, a Clearing Member may reject a trade only if: (1) the trade
exceeds trading limits established by the Clearing Member for that customer
that have been communicated to the executing broker as provided by the rule
or (2) the trade is an error for which the executing broker is responsible.

!    The new rule also places affirmative obligations on executing brokers
to confirm Clearing Member authorization for an account.  For example,
prior to an executing broker accepting and executing an initial order for
any new customer account, such executing broker must confirm with the
Clearing Member by telephonic, electronic or written means, that:
(a)  the customer has a valid account with the Clearing Member;
(b)  the account number;
(c)  the brokerage rate;
(d)  the customer is authorized by the Clearing Member to place orders with
the executing broker for that account; and
(e)  a listing or summary of persons authorized to place orders for that
account.
Moreover, the executing broker must retain a copy of the authorization or
the specifics of the telephonic confirmation, which includes: opposite
party, date, time, and any other relevant information.  The Compliance
Department will conduct periodic audits of such records, and falsification
of such information shall be the basis for disciplinary action.

If you have any questions concerning this new rule, please contact Bernard
Purta, Senior Vice President, Regulatory Affairs and Operations, at (212)
299- 2380; Thomas LaSala, Vice President, NYMEX Compliance Department, at
(212) 299-2897; or Arthur McCoy, Vice President, Financial Surveillance
Section, NYMEX Compliance Department, at (212) 299-2928,

NEW RULE 9.11A ("Give-Up Trades")

(Entire rule is new.)

Rule 9.11A     Give-Up Trades

In the absence of a give-up agreement whose terms and conditions govern the
responsibilities/obligations of executing brokers, customers and Clearing
Members, the following rules shall define the respective
responsibilities/obligations of those parties to an order.  The "executing
broker", as used in this rule, is the registered billing entity, Member
Firm or Floor Broker to whom the order is transmitted.

(A)    Responsibilities/Obligations of Clearing Members

(1). Limits Placed by Clearing Member.   A Clearing Member may, in its
discretion, place trading limits on the trades it will accept for give-up
for a customer's account from an executing broker, provided however, that
the executing broker receives prior written or electronic notice from the
Clearing Member of the trading limits on that account.  Notice must be
received by the executing broker in a timely manner.  A copy of such notice
shall be retained by the Clearing Member.

(2). Trade Rejection.  A Clearing Member may reject ("DK") a trade only if:
(1) the trade exceeds the trading limits established under Section I(A) of
this rule for that customer and it has been communicated to the executing
broker as described in Subsection (A); or (2) the trade is an error for
which the executing broker is responsible.  If a Clearing Member has a
basis for rejecting a trade, and chooses to do so in accordance with the
provisions of Rule 2.21(B), it must notify the executing broker promptly.

(3). Billing.  A Clearing Member will pay all floor brokerage fees incurred
for all transactions executed by the executing broker for the customer and
subsequently accepted by the Clearing Member by means of the ATOM system.
Floor brokerage fees will be agreed upon in advance among the Clearing
Member, customer and the executing broker.

(B)  Responsibilities/Obligations of Executing Brokers

(1)  Customer Order Placement.  An executing broker will be responsible for
determining that all orders are placed or authorized by the customer.  Once
an order has been accepted, a broker or the broker's clerk must:

(a)  confirm the terms of the order with the customer;
(b)  accurately execute the order according to its terms;
(c)  confirm the execution of the order to the customer as soon as
practicable; and
(d)  transmit such executed order to the Clearing Member as soon as
practicable in accordance with Exchange Rules and procedures.

2.   Use of Other Persons.  Unless otherwise agreed in writing, the
executing broker is allowed to use the services of another broker in
connection with the broker's obligations under these rules.  The executing
broker remains responsible to the customer and Clearing Member under these
rules.

3.    Executing Broker Responsibility for Verifying Clearing Member
Authorization.  Prior to a broker accepting and executing an initial order
for any new customer account, the executing broker must confirm with the
Clearing Member by telephonic, electronic or written means, that:
(f)  the customer has a valid account with the Clearing Member;
(g)  the account number;
(h)  the brokerage rate;
(i)  the customer is authorized by the Clearing Member to place orders with
the executing broker for that account; and
(j)  a listing or summary of persons authorized to place orders for that
account.
The executing broker must retain a copy of the authorization or the
specifics of the telephonic confirmation, which includes: opposite party,
date, time, and any other relevant information.  The falsification of such
information shall be the basis for disciplinary action.

4.   Rejection of Customer Order.  Where an executing broker has confirmed
Clearing Member authorization to execute orders on behalf of a customer in
accordance with this Rule 9.11A, the broker may, in the broker's
discretion, reject an order that the customer transmits to the broker for
execution.  The broker shall promptly notify the customer and the Clearing
Member(s) of any such rejection.

      Carr Futures
      150 S. Wacker Dr., Suite 1500
      Chicago, IL 60606  USA
      Tel:  312-368-6149
      Fax:  312-368-2281
      soblander@carrfut.com
      http://www.carrfut.com


August 11,2000

     Teco Tap       108.333 / HPL IFERC ; 20.000 / Enron

     LS HPL LSK IC       20.000 / Enron

August 12, 2000

     Teco Tap       85.000 / HPL IFERC ; 20.000 / Enron

     LS HPL LSK IC       20.000 / Enron

August 13, 2000

     Teco Tap       32.500 / HPL IFERC ; 20.000 / Enron


I do not believe that I have seen or had executed the RBC Schedule or Master
Agreement.  I had prepared the Master Agreement, so if RBC did not do this, I
have one ready to go.  However, if RBC has executed the schedule, I will need
to get a copy and have Peter execute it.  Otherwise, Tana can you e-mail a
clean execution copy of the schedule to me and I will have Peter execute it
and send it to Rick to get RBC's execution.  We executed the confirms on
Friday afternoon and faxed them to Larry Joe Hunter on the Enron North
America confirm desk.  He will attend to sending them to the counterparties
for execution.

Greg Johnston


Done.

Daren J Farmer@ECT
06/29/2000 01:10 PM
To: Hillary Mack/Corp/Enron@ENRON
cc:

Subject: Re: Republic Royalty 5/00

Can you set up a GTC with Duke Energy Field Services,Inc.  for May -July 2000?

D

Hillary Mack@ENRON
06/29/2000 12:23 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: Republic Royalty 5/00

Daren...I talked to Cynthia in contracts and she said that CES deals cannot
be extended and that a new contract has to be set up.  How do you want to
handle it?

Daren J Farmer@ECT
06/28/2000 04:17 PM
To: Ami Chokshi/Corp/Enron@ENRON, Megan Parker/Corp/Enron@ENRON, O'Neal D
Winfree/HOU/ECT@ECT, Nelson Ferries/Corp/Enron@ENRON, Hillary
Mack/Corp/Enron@Enron
cc:

Subject: Re: Republic Royalty 5/00

I have rolled # 143559 through July 2000 to cover the purchase from
Republic.  We sell this gas to Duke Energy Field Services (#143558 for Jan -
Apr,  CES-Duke Energy Field Services, Inc ).  The counterparty on this deal
has been suspeneded, so I created # 316727 under the counterparty of Duke
Energy Field Services Marketing, LLC.

Hillary - Please extend the CES-Duke counterparty or attach the correct Duke
counterparty to this deal.

If you have any questions, let me know.

D

	From:  Ami Chokshi @ ENRON                           06/28/2000 10:45 AM

To: Megan Parker/Corp/Enron@ENRON, O'Neal D Winfree/HOU/ECT@ECT
cc: Nelson Ferries/Corp/Enron@ENRON, Daren J Farmer/HOU/ECT@ECT
Subject: Republic Royalty 5/00

This deal was terminated by Nelson Ferries.

Ami
---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/28/2000
10:42 AM ---------------------------

	From:  Megan Parker                           06/28/2000 10:28 AM

To: Ami Chokshi/Corp/Enron@ENRON, O'Neal D Winfree/HOU/ECT@ECT
cc:

Subject: Republic Royalty 5/00

Republic Royalty is one of my CES deals.  They sent me an invoice for May
2000 production, but I do not see a deal for May.  Does either of you know if
this deal was extended under a new deal number?

Megan


Vince,

Targetted conference date is Th-F June 21-22 at Stanford.  Enclosed in the
recent revision to what I sent before.

Great to meet you,
Hill

 - retail notes.rtf
*******************************************************************
Hillard G. Huntington
EMF - an international forum on
energy and environmental markets Voice:  (650) 723-1050
408 Terman Center    Fax:    (650) 725-5362
Stanford University   Email:  hillh@stanford.edu
Stanford, CA  94305-4026

EMF Website: http://www.stanford.edu/group/EMF/


Osman,

This guy is too much.
I would tell him that we understand
that he has to make the best choice
for himself  and can change his mind  but at this point we treat
his decision as final but we still  appreciate the interest he showed
in Enron.

We never had any luck hiring a statistician.
Maybe we shall get one some day.

Vince

Osman Sezgen@EES
04/20/2001 11:54 AM
To: Vince J Kaminski/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT
cc:
Subject: Statistician from Rice

I had a message on my phone this morning from WIlliam indicating that
he had changed his mind and will be taking another job. He also mentions that
the other organization will give him time to publish his  thesis and he
assumes
Enron would not do that.

I am inclined to give up on him but wanted to get your input before doing so.

Osman


Dude:
Two things.  First, in the midst of the craziness on Friday, my black,
Northface parka ended up getting put someplace at Sarah's that I wasn't
privvy to, and consequently I couldn't find it.  My house keys are in it, so
it would great to get it back.  Could you check with Bob/Sarah and see if
it's floating around someplace over there?  Muchos gracias.

Second, could you do me a favor?  Could you pay me the full amount for Squaw
and then collect from Cameron for what she owes you?  Sorry to be a pain in
the ass, but I think logistically, it'll be a whole helluvalot easier to
manage it that way (at least from my end).  And to be an even bigger
pain.....since my schedule's a disaster with school coming to a close, could
you stick the check in the mail?  My address is:

366 Dolores St., #3
SF, 94110

Sorry for all the hassle.

Happy birthday, man.

Best,
Jeff


Steve,

Is it too late to include XMS and ibuyit roll out dates, see comments below.

George,

Any idea what John is referring to as Web site for professional services

George\Suzanne,

Any answer to insurance question and whether we can support events from
Houston.

Thanks

Kevin

----- Forwarded by Kevin Hannon/Enron Communications on 06/07/01 04:00 PM
-----

	Kevin Hannon
	06/07/01 04:10 PM

		 To: John Sherriff/ENRON@EUEnronXGate@ENRON
		 cc:
		 Subject: Re: FW: Business-Wide Cost Saving Opportunities

John,

Thanks for your comments.  Unfortunately because of my trip over there, which
of course you know about, I am receiving this Thurs PM and possibly too
late to incorporate in the email.  But to address your points;

1) We do not intend to exclude Legal, although we have to finesse Derrick who
is very protective of his relationships.  Are you referring to the ibuyit
webite which you refer to, it wasn't clear from your comments

2) You make a good point on the roll out dates as we say that we want all
employees to use it by July 1 but it may not be active everywhere,
particularly London, by that date.

3) We do not explictedly refer to ibuyit for use in travel in the new memo,
although roll out dates would help in the same manner as for XMS.

4) TAP is the preferred agency in the US, and I believe also Europe, and we
mention them by name in the revised memo.  I don't like to be
constrained to TAP (like Vitol) but it is incredibly easier to manage
expenses and get standard reporting by using them.  Let me know if TAP
isn't available in Europe.

5) I will have Suzanne Brown check on the insurance issue and get back to you.

6) If Global Travel can't handle your trips due to logistical constraints, I
would really encourage you and Micheal to institue some
formal sign off procedure, at your levels, for events exceeding something
like $5k.

7) Changes made.

Thanks for the comments, hope all is well

Kevin

	John Sherriff/ENRON@EUEnronXGate
	06/07/01 03:31 AM

		 To: Kevin Hannon/Enron Communications@Enron Communications
		 cc:
		 Subject: FW: Business-Wide Cost Saving Opportunities

Here is my suggested response to Kevin on the attached document - may I
please have your thoughts before I send:
1)  For professional services I think you intend to exclude legal - but I
would be explicit on this.  Our biggest professional service
is probably AA and that is negotiated with Causey at the lead.  I don't see
anything on the web page referred here about professional
services.
2)  The on-line expense reporting tool has not yet been rolled out to the
entire company - so we need to include the roll-out dates
outside of Houston.
3.  The best practices for travel may be included in clicktrip.com but it is
not obvious to me how one gets a password and absent
that you can't log on.
4.  For travel we have different preferred travel agencies outside of
Houston.  We should list them. Also many employees have at times
stopped using these services because they found chepaer routes on their own.
So we will have to handle the delicate matter of reminding
them not to stop thinking and to report to the company and travel agency when
they are coming up with less expensive alternatives.
5.  Regarding Car rental services are we sure that our contracts cover Enron
with insurance outside the US?  Again if they come up
with an alternative that is less expensive that the travel agency we want
them to choose the less expensive route not to mention speaking
up about it.
6.  I will check on it but I doubt if it is practical for the Global Travel
Management group to arrange off-site groups outside of London.
7.  Last paragraph change "many of who" to "many of whom".

John

 -----Original Message-----
From:  Kevin Hannon/Enron Communications@ENRON COMMUNICATIONS@ENRON
[mailto:IMCEANOTES-Kevin+20Hannon_Enron+20Communications+40ENRON+20COMMUNICATI
ONS+40ENRON@ENRON.com]  On Behalf Of Kevin Hannon/Enron Communications@ENRON
Sent: 04 June 2001 21:08
To: Lay, Kenneth; Skilling, Jeff; Causey, Richard; Delainey, David; Derrick
Jr., James; Fastow, Andrew; Frevert, Mark; Horton, Stanley; Kean, Steven;
Karen S Owens@ees; Rice, Ken; Sherriff, John; Whalley, Greg
Cc: Brown, Suzanne
Subject: Business-Wide Cost Saving Opportunities

To:  Enron Corporate Policy Committee:

Please review the attached memo outlining business-wide cost saving
opportunities.  Please forward any comments that you have to Suzanne Brown
via email by close of business on Wednesday, June 6th.


Mark,

the attached fax comprises the forms for:

myself
Justin Boyd
Marcus Von Bock
Jon Chapman.

As you know, Mary Nell is dealt with in Kristina's PRC.

We will no doubt speak tomorrow on Jim's call. Talk to you then.

       Mark

 -----Original Message-----
From:  FACSys Fax Connector (EULON-MSCNX03P)
Sent: 04 June 2001 17:36
To: Evans, Mark (Legal)
Subject: Received fax from 020 7783 8014

Sender:   020 7783 8014
Received:  04 June 2001 17:30
Pages:   4
Serviced By:   FACSys server EULON-APFX1P (Device 23)
Routing Info:  38287

-------------- Fax Image -------------


Louise - If you are back in Houston I'd like to get together and discuss the
credit derivatives project.  Otherwise, maybe we can chat by phone?

Mark


User ID:  enrondlr
PW:       bnaweb22

 -----Original Message-----
From: 	"BNA Highlights" <bhighlig@bna.com>@ENRON
Sent:	Wednesday, October 24, 2001 11:10 PM
To:	BNA Highlights
Subject:	Oct. 25 -- BNA, Inc. Daily Labor Report

______________________________

DAILY LABOR REPORT
Highlights & Table of Contents
October 25, 2001
______________________________

ISSN 1522-5968

Registered Web subscribers can access the full text of these
articles by using the URL link supplied.

Information about becoming a subscriber or signing up for a
FREE Web trial is available at http://web.bna.com or call
BNA Customer Relations at 1-800-372-1033, Mon. - Fri. 8:30
am - 7:00 pm (ET).
__________

HIGHLIGHTS
__________

HOUSE PASSES ECONOMIC STIMULUS;  CRITICS SAY WORKER AID
FALLS SHORT

By a vote of 216-214, the House passes a broad economic
stimulus bill (H.R. 3090) that includes provisions to expand
unemployment insurance and health care benefits for laid-off
workers. Seven Republicans voted against the proposal, while
three Democrats voted in favor. Rep. Johnson (R-Conn.) says
the bill, sponsored by House Ways and Means Committee
Chairman Thomas (R-Calif.), would put $9 billion into state
coffers within 10 days of enactment.

 The bill would allow states to use the funds to pay regular
unemployment benefits, increase benefit payments, extend
benefits beyond 26 weeks, expand benefit eligibility, or for
administrative purposes. The bill also would extend the work
opportunity tax credit and the welfare-to-work tax credit
through Dec. 31, 2003, and contains provisions to boost the
Social Services Block Grant program by $3 billion so that
states can give health coverage to the unemployed.

Critics of the bill--including congressional Democrats,
labor, and civil rights groups--claim the measure will not
accomplish the Republicans' stated goals of stimulating the
economy and getting displaced workers back on the job. A
substitute measure offered by House Democrats is rejected by
a vote of 261-166. Senate Majority Leader Daschle (D-S.D.)
tells reporters that he hopes the Senate will be able to
pass its own version of an economic stimulus bill before
Thanksgiving. . . . Page AA-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6f5c4_

ARKANSAS COURT ORDERS TRIAL ON WHETHER BIPOLAR DISORDER IS
PHYSICAL

A former Smith Barney employee is entitled to a trial to
decide whether his bipolar affective disorder is a mental
illness subject to a 24-month cap on benefits under a
long-term disability policy or a physical illness not
subject to a cap, the Arkansas Supreme Court rules
unanimously ("Elam v. First Unum Life Ins. Co., "Ark., No.
00-1430, 10/18/01). Reversing summary judgment for First
Unum Life Insurance Co., the supreme court holds that
because both the insurer and James Elam submitted evidence
outside of the insurance policy to support their
interpretations of the term "mental illness," the issue is a
question of fact for a jury to decide.

The policy defines mental illness as "mental, nervous or
emotional diseases or disorders of any type." Arguing the
term is ambiguous, Elam says bipolar affective disorder is a
physical illness with a biological origin that is treated
with medication. . . . Page A-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6a7e7_

SIXTH CIRCUIT BLOCKS MOVE TO SEPARATE FLSA, LMRA CLAIMS

A former truck driver's attempt to separate claims he
brought under the Fair Labor Standards Act and the
Labor-Management Relations Act in order to avail himself of
the FLSA's two-year statute of limitations falls short, as
the Sixth Circuit finds the wage claim barred by the federal
labor law's six-month limitations period ("Martin v. Lake
County Sewer Co., "6th Cir., No. 00-00228, 10/17/01). In
addition to seeking unpaid wages under the FLSA after his
discharge, Donald Martin charged his former employer, Lake
County Sewer Co., with violating the terms of its collective
bargaining agreement with a Teamsters local in violation of
LMRA Section 301. Martin also contended that the union
violated its duty of fair representation under Section 301
by failing to pursue a grievance against Lake for allegedly
improper deductions in his benefits and pay.

Martin argues his FLSA claim is distinct from the Section
301 claim and therefore governed by the wage law's two-year
limitations period. According to the Sixth Circuit, however,
Martin's charge relating to the unpaid wages was based on
the provision in the collective bargaining agreement
governing compensation and must be resolved in accordance
with LMRA procedures. . . . Page A-8

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5m1t1_

NURSE'S AIDE ASSAULTED BY CO-WORKER CAN PROCEED WITH SUIT

A nurse's assistant who was sexually assaulted by a
co-worker can proceed with a series of claims against an
upstate New York health care facility, despite the fact that
the employer immediately suspended and later discharged the
alleged attacker, a federal magistrate judge rules ("Becker
v. Ulster County, "N.D. N.Y., No. 99-CV-1278, 10/10/01).

Rejecting a summary judgment motion by Ulster County Golden
Hill Health Care Center, Judge Homer of the U.S. District
Court for the Northern District of New York finds that Gail
Becker established enough evidence to go to trial on her
claims of sexual harassment based on a hostile work
environment and retaliation under Title VII of the 1964
Civil Rights Act and other laws.

Her evidence surrounding the assault incident--including her
supervisor's failure to allow Becker to call the police and
the facility's refusal to allow her time off to seek a
protective order--if credited, "establishes an incident
sufficient by itself to support a finding that the
conditions of her employment were irrevocably altered as a
result and that those conditions became abusive," the court
holds. . . . Page A-2

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5h5w4_

FED FINDS MANY REGIONS REBOUNDING FROM SEPTEMBER

The terrorist attacks on New York and Washington stunted
economic growth throughout the country in September, but
many regions saw activity rebound in recent weeks, the
Federal Reserve reports in its "Beige Book" summary of
economic conditions in each of its 12 districts.

Business activity recovered quickly from some aspects of the
attacks, such as reduced air cargo capacity, but long-run
effects are more difficult to assess, according to the Fed.
New since the attacks, however, are disruptions to
productivity due to increased security precautions and
insurance premiums, the central bank says. . . . Page D-12

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6h7v2_

______________

TODAY'S EVENTS
______________

EMPLOYMENT: Bureau of Labor Statistics releases third
quarter figures on employment cost index, 8:30 a.m., Labor
Department.

UNEMPLOYMENT: Weekly data on initial claims for unemployment
benefits released, 8:30 a.m., Labor Department.

________________

ALSO IN THE NEWS
________________

EARNINGS: On an inflation-adjusted basis, the median weekly
earnings of full-time U.S. workers rose 0.8 percent during
the year ended in the third quarter, a smaller gain than in
the prior 12-month period, according to figures by the
Bureau of Labor Statistics. . . . Page D-6

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6g5n1_

HOTELS: Closure of the Flamingo Reno hotel and casino
affects approximately 1,000 workers. As the business shut
down, the Hotel Employees and Restaurant Employees union
still was pushing the casino's owners to provide extra
benefits beyond what the company has offered the workers, a
union representative says. . . . Page A-2

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6a8f6_

SAFETY & HEALTH: Safety professionals and employers at
nearly 1.3 million worksites will have new forms for
recording on-the-job injuries and illnesses, bringing to a
close an effort launched during the late 1980s to simplify
the recordkeeping burden while providing more detailed
information on how accidents and illnesses occur.  . . .
Page A-11

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6f7e1_

HEALTH CARE EMPLOYEES:  Registered nurses, represented by
United Food and Commercial Workers Local 655, at St. John's
Mercy Medical Center in St. Louis approve by a 721-108 vote
a first contract, ending nearly two years of negotiations
since formation of the bargaining unit in July 1999. . . .
Page A-8

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6b7t2_

_________________

TABLE OF CONTENTS
_________________

LEADING THE NEWS

EMPLOYMENT
   House passes by vote of 216-214 broad economic stimulus
   bill (H.R. 3090) that includes provisions to expand
   unemployment insurance and health care benefits for
   laid-off workers . . . Page AA-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6f5c4_

____

NEWS
____

ARBITRATION
   Public policy dictates reversing arbitration decision
   that allowed police officer accused of sexual harassment
   and improper sexual conduct to return to work, Minnesota
   appeals court rules . . . Page A-7
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5g3r3_

EMPLOYEE BENEFITS
   Former Smith Barney employee is entitled to trial to
   decide whether his bipolar affective disorder is mental
   illness subject to 24-month cap on benefits under
   long-term disability policy or physical illness not
   subject to cap, Arkansas Supreme Court rules . . . Page
   A-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6a7e7_

ERISA
   "Abatement plan" between UPS Inc. and Teamsters that
   allowed UPS to temporarily abate its contributions to
   multiemployer pension fund in exchange for higher
   contribution rates did not violate ERISA, Seventh Circuit
   rules . . . Page A-4
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5x5d6_

FLSA
   Sixth Circuit finds former truck driver's Fair Labor
   Standards Act claim barred by Labor-Management Relations
   Act's six-month limitations period . . . Page A-8
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5m1t1_

HEALTH CARE EMPLOYEES
   Registered nurses at St. John's Mercy Medical Center in
   St. Louis approve first contract, ending nearly two years
   of negotiations . . . Page A-8
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6b7t2_

HIRING
   Eli Lilly and Co. will add 5,000 additional sales
   representative positions over next three years . . . Page
   A-13
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6a5b8_

HOTELS
   HERE Local 86 presses until last minute for more generous
   severance benefits for 1,000 employees affected by
   closing of Flamingo Reno hotel and casino . . . Page A-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6a8f6_

INTERNATIONAL LABOR
   Legislation updating equal employment rights for men and
   women across European Union is approved by European
   Parliament . . . Page A-6
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6a6x4_

LABOR LAW
   Local hotel union's failure to mail election ballots to
   nearly 1,600 members supports setting aside election and
   holding new vote, federal district court rules . . . Page
   A-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k9t9_

LABOR-MANAGEMENT COOPERATION
   National Labor-Management Conference 2002 Board of
   Directors seeks proposals for presentations on
   cooperation and innovation in unionized workplaces . . .
   Page A-13
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5z7n4_

PENSIONS
   Employer may not recover from actuarial consulting firm
   millions of dollars in pension plan benefits employer
   claims it lost because actuary failed to provide timely
   information to employer, Tenth Circuit rules . . . Page
   A-9
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6e6w2_

RETIREE BENEFITS
   Law requiring Social Security Administration to assign
   retired coal miners' health care premium liability to
   signatory coal operators did not impose Oct. 1, 1993, as
   mandatory deadline, Fourth Circuit rules . . . Page A-4
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5x5a2_

SAFETY & HEALTH
   Labor Department's decision to set aside some provisions
   in revised injury recordkeeping rule is applauded by
   industry groups, but labor unions argue that changes will
   skew national statistics . . . Page A-12
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6f7f8_

   Nurse who accidentally stuck herself with needle used on
   AIDS patient had sufficient cause for emotional distress
   claim, Pennsylvania court rules . . . Page A-5
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k5m3_

   OSHA says safety professionals and employers at nearly
   1.3 million worksites will have new forms for recording
   on-the-job injuries and illnesses . . . Page A-11
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6f7e1_

SEXUAL HARASSMENT
   Nurse's assistant who was sexually assaulted by co-worker
   can proceed with series of claims against upstate New
   York health care facility, despite fact that employer
   immediately suspended and later discharged alleged
   attacker, federal magistrate judge holds . . . Page A-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5h5w4_

STATE EMPLOYEES
   California Gov. Davis orders state agencies to freeze
   hiring of new employees and reduce current fiscal year
   spending by $150 million . . . Page A-9
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6f1j5_

TRADE
   Economist states that trade-related loss of more than 3
   million jobs since 1994 should bolster opposition to
   trade promotion authority legislation . . . Page A-10
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6e5n5_

   Senior administration official says President Bush will
   intensify efforts to get Congress to pass trade promotion
   authority . . . Page A-11
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6f2v8_

WORKFORCE REDUCTIONS
   Eastman Kodak Co. plans to cut workforce by 3,500 to
   4,000 jobs . . . Page A-13
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6d3m5_

   Sears, Roebuck & Co. says it will pare nearly 5,000
   employees from global payroll in three-year plan to
   improve profitability and operational efficiencies . . .
   Page A-10
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6f2f5_

_____________

ECONOMIC NEWS
_____________

EARNINGS
   Median weekly earnings of full-time U.S. workers rose 0.8
   percent, inflation-adjusted, during year ended in third
   quarter, Labor Department's Bureau of Labor Statistics
   reports . . . Page D-6
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6g5n1_

ECONOMIC OUTLOOK
   Many U.S. regions saw economic growth rebound in recent
   weeks, Federal Reserve reports . . . Page D-12
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6h7v2_

PERSONAL INCOME
   U.S. personal income grew 0.8 percent in second quarter,
   marked slowing from first three months of year, Commerce
   Department says . . . Page D-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6g7p2_

______________

TABLE OF CASES
______________

Becker v. Ulster County (N.D.N.Y.) . . . Page A-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5h5w4_

Chao v. Local 54, HERE (D.N.J.) . . . Page A-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k9t9_

City of Brooklyn Ctr. v. Law Enforcement Labor Servs. Inc.
(Minn. Ct. App.) . . . Page A-7
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5g3r3_

Elam v. First Unum Life Ins. Co. (Ark.) . . . Page A-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6a7e7_

Holland v. Pardee Coal Co. (4th Cir.) . . . Page A-4
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5x5a2_

Martin v. Lake County Sewer Co. (6th Cir.) . . . Page A-8
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5m1t1_

Shumosky v. Lutheran Welfare Servs. of N.E. Pa. Inc. (Pa.
Super. Ct.) . . . Page A-5
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k5m3_

Sprague v. Central States, S.E. and S.W. Areas Pension Fund
(7th Cir.) . . . Page A-4
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5x5d6_

Steiner Corp. v. Johnson & Higgins of Cal.  (10th Cir.) . .
. Page A-9
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w6e6w2_

   __________
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Charged Up:
Texas May Face a Glut
Of Electricity, but That
Won't Aid Rest of U.S.
---
Pride and Policy Make State
A Magnet  for Power Plants
And an Island Unto Itself
---
A Wire Enshrined in Lucite
----
By Alexei Barrionuevo and Russell Gold
Staff Reporters of The Wall Street Journal

The Wall Street Journal via Dow Jones

While California struggles to keep its lights on and New York City braces
for
possible electricity shortages this summer, Texas utilities could soon face
the
opposite problem: a power glut.

Texas' wide-open spaces and relatively weak zoning and environmental rules
have helped make the Lone Star state a magnet for power-generation companies
as
it prepares to deregulate its electricity market next year. The result:
Texas'
electricity-production capacity this summer is expected to exceed its peak
power
demand by 11,000 megawatts -- nearly enough to light up New York City. By
the
summer of 2002, the excess may be closer to 15,000 megawatts, enough to
power 15
million homes. And with 27 new generating plants under construction, more
than
any other state, some power producers fear that overbuilding ultimately
could
send Texas' wholesale electricity prices into a tailspin.

All this sounds like good news for the electricity-starved East and West
Coasts -- but it isn't. That's because the U.S. is divided into three major
power grids -- with the West on one, the East on another and most of Texas
on a
third, with very few links to the rest of the country. In the world of
electricity, that makes Texas "an island with a couple of little footpaths
over
to it," says Larry Makovich, senior director for electric power research at
Cambridge Energy Research Associates, a Cambridge, Mass., consulting firm.

Some Texas utility executives argue that their state's island status is
principally an accident of geography. But no one disputes the fact that good
old
Texas pride -- and a deep-seated skepticism toward federal regulation --
also
played a role in shaping the state's grid. So, too, did a renegade utility's
desperate 1976 bid to save itself from a corporate breakup and the resulting
four-year legal battle, which the industry later dubbed the "Texas Range
War."

Texas' isolation isn't expected to end anytime soon. If Texas became fully
interconnected, its big utilities say, the state could become more
susceptible
to blackouts, if other regions drew off too much power. "From a reliability
standpoint, it would be a degradation to the Texas grid," says Steve
Schaeffer,
a senior vice president at Reliant Energy Inc., the former Houston Lighting
&
Power Co.

Moreover, the utilities estimate that building the transmission lines
needed
for a full connection to the nation's other grids would take at least three
years and cost Texas ratepayers about $600 million. They don't want to
invest
that much money to sell power to California or New York to ease what they
view
as temporary imbalances.

Some in the state also believe low rates and excess power could give it an
advantage in persuading businesses to locate there. "America will be shy
enough
electricity that this will be one of our greatest inducements for growing
Texas," says Matthew Simmons, president of Houston investment bank Simmons &
Co.

Texas is an extreme example of the haphazard way electricity grids
developed
in the U.S. Until the 1960s, most power plants were built near the customers
they served. Then, utilities began building larger, more-efficient coal and
nuclear plants, connecting them with their neighbors to ensure that if one
of
these big plants went down, there would be a backup ready to keep the power
flowing.

But the old-line Texas utilities, which have long benefited from the
state's
plentiful supplies of fuels such as natural gas and lignite coal, were
reluctant
to join in this wave of interconnections. Back then, in the mid- to late
1970s,
electricity outside Texas was generally more costly. And surrounding states
weren't planning big enough plants to back up the huge new ones Texas was
building to power its fast-growing cities and energy-thirsty petrochemical
industry. "There was no big money to be made by shipping power one way or
the
other over the lines," says Reliant's Mr. Schaeffer.

By confining their grid to Texas, state utilities also avoided oversight
by
the Federal Energy Regulatory Commission. Thus, FERC couldn't force Texas to
send power out of state in case of an emergency.

The state's dominant utilities -- Texas Utilities Inc., the Dallas-based
predecessor of what is now TXU Corp., and Houston Lighting -- went to great
lengths to ensure there were no interstate connections. The switches at a
hydroelectric plant on the Texas-Oklahoma border were wired to prevent power
from flowing between the states. Elsewhere along the border, a system of
relays
was installed to prevent unauthorized interstate transmissions.

Only one big utility didn't like the setup: Central & South West Corp., a
Dallas holding company that owned power plants in both Texas and Oklahoma.
In
1976, it faced a crisis. If it couldn't show that its plants in both states
were
interconnected, it ran the risk of being broken up under a federal law. The
law,
which barred holding companies from owning unconnected utilities in separate
states, was decades old. But, until then, it hadn't been strictly enforced.

On May 4, 1976 -- eight days before the Securities and Exchange Commission
was
set to consider the matter -- Central & South West took an extraordinary
step.
At 5:30 a.m., it sent one of its line crews to secretly rewire a substation
in
Vernon, Texas, near the Oklahoma border, allowing power to flow freely
between
the two states. For a few hours, the grids were connected by a minuscule
thread.
Later that morning, officials at Central & South West phoned other Texas
utilities to tell them the company was engaged in interstate commerce.

Texas' other major utilities reacted angrily. "The sons of bitches are
trying
to steal my lignite!" Texas Utilities Chairman Louis Austin bellowed,
according
to former Texas Public Utility Commissioner George Cowden, who recalls Mr.
Austin making the remark during a private meeting between the two men.

Around noon, Houston Lighting cut its system off from the rest of the
state's
utilities. Texas Utilities followed suit hours later. By day's end, the
state's
utilities had broken the grid into a half-dozen pieces.

That same day, one of Texas Utilities' chief lawyers, a 6-foot-6 former
college-football star named J.A. "Tiny" Gooch, dispatched one of his
company's
crews to disconnect the link Central & South West had made between Vernon
and
Altus, Okla. "They made it so it was physically impossible to [connect] it
again," says Mr. Gooch's son, Gordon, then a lawyer representing Houston
Lighting. The elder Mr. Gooch, who died in 1986, is considered the patron
saint
of Texas' electrical independence.

At an emergency meeting of the utility commission three days later, Mr.
Austin
of Texas Utilities expressed disgust at the prospect of having to burn Texas
lignite and natural gas to satisfy "Yankees," according to a transcript.
And, he
added: "I don't like federal regulations." (Mr. Austin died in 1997.)

A wire reputed to have formed part of Central & South West's brief
Texas-Oklahoma interconnection later was cut into pieces, encased in Lucite
and
given out as paperweights by Dallas law firm Worsham, Forsythe & Woolridge,
which represented Texas Utilities.

Alan Erwin, a state utility commissioner in 1976 who still has the
souvenir on
his desk, used the wiring episode as fodder for a 1979 novel, "The Power
Exchange," in which a winter storm cripples Northeast power production and
the
nation turns to Texas for electricity. Texas refuses to ship the
electricity,
fearful that other regions would drain it of "what little cheap fuel was
left."
Ultimately, Texas becomes a scapegoat and ends up seceding from the union.

In reality, the outcome was less dramatic. The grid conflict wound its way
through many courtrooms. Central & South West -- recently acquired by
American
Electric Power Co. of Columbus, Ohio -- lost almost every round. After about
four years, the utilities hashed out a compromise, at the urging of the
federal
government.

Rather than link the Texas grid to the East, so that electricity could
flow
freely across state borders through alternating-current cables, they agreed
to
build two direct-current lines. Operators could control the flow over these
bridges, which at peak capacity could carry a mere 820 megawatts. The
parties to
the deal, which included the federal government, agreed these links wouldn't
bring the Texas grid under federal jurisdiction. Today, Texas power
continues to
be regulated in Austin, not Washington.

"It's just a Texas thing," says Pat Wood III, chairman of the state
utility
commission and a recent Bush administration nominee to FERC. "We want
control of
our own destiny."

That independent attitude has extended in recent years to Texas'
business-friendly approach to deregulating its power industry. Unlike
California, with its stringent emissions and zoning rules, Texas has made it
quick and easy for power companies to locate their plants almost anywhere
they
can find a place to hook up to the grid. Last year, Texas completed a major
upgrade to alleviate bottlenecks on the grid, and it has six similar
projects
under way. Unlike most other states, it decided to charge grid users a flat
rate
to move power anywhere in the state, so they could put plants in low-cost
rural
areas, far from their customers.

Those policies, as well as projections that the state's electricity demand
would grow by a robust 3.5% a year, set off a flurry of power-plant
construction, beginning in 1998. Since then, $11 billion worth of power
plants
have been completed or started in Texas, and more are on the drawing board.

By contrast to California's approach to deregulation, which largely failed
to
bring new plants online, Texas' strategy "encouraged an overbuild," says Mr.
Makovich, of Cambridge Energy Research Associates.

Consider tiny Seguin in south central Texas, where Constellation Energy
Group
Inc. of Baltimore is building an 800-megawatt gas-powered plant in a former
cornfield. Fifteen miles to the west, Texas Independent Energy LP of Dallas
recently finished a 1,000-megawatt plant. About the same distance to the
north,
American National Power, a Houston-based unit of Britain's International
Power
PLC, is building a 1,100-megawatt plant.

If generators don't get cold feet, Texas is on track to have a capacity
surplus of 9% this summer and 11% by summer 2002, says Cambridge Energy
Research
Associates. That's in addition to the 15% surplus that most experts consider
an
adequate cushion. Some areas of the country, including parts of the
Southeast,
Upper Midwest, New York City and the West, are struggling with razor-thin
capacity margins. After factoring in a similar 15% cushion, the West has an
8%
capacity deficit and the Upper Midwest has a 4% deficit.

As a result, while electricity futures prices for summer are running at as
much as $400 per megawatt hour in the Northwest and around $100 in the
Northeast, Texas futures prices are averaging only $72 to $74 per megawatt
hour.

Calpine Corp. of San Jose, Calif., is making the boldest wager that
overcapacity and a lack of export possibilities won't sink Texas' wholesale
electricity prices. The company has six plants under construction in the
state,
two of which are expected to come on line next month. And it plans to add an
additional five plants over the next two years. Altogether, Calpine plans to
spend about $2.8 billion in the state, its largest investment outside
California.

"People from day one probably thought Calpine was crazy," says Darrell
Hayslip, a company vice president. "But so far, we are absolutely convinced
that
this is the right bet." He says Calpine's newer gas-fired plants are 40%
more
efficient than older plants in the state, a third of which are at least 30
years
old. Calpine expects that edge to force rivals to retire older plants, thus
keeping electricity prices from sagging.

Others aren't so sure. After initially planning new plants in Texas, Duke
Energy Corp. began to worry that the state was getting overbuilt. Last May,
Duke, of Charlotte, N.C., sold its 80% stake in a plant under construction
in
south Texas to Calpine. "We sized up the market early, and then realized too
many followers were doing the same thing," says Jim Donnell, president and
CEO
of Duke Energy North America.

If the electricity situation outside Texas grows too grim and too much
supply
sinks prices in the state, there could be "renewed pressure" for Texas to
study
interconnection options, says John Stauffacher, vice president for
regulatory
affairs at Houston-based Dynegy Inc., which has 1,000 megawatts of capacity
in
Texas.

Calpine, for one, wouldn't mind sharing Texas power with the East and
West. "I
would love to be able to wheel power from Texas to California," says Mr.
Hayslip. But, so far, the Texas utilities haven't budged in their opposition
to
exports.

A few generators are trying to find the best of both worlds. Tenaska Inc.
of
Omaha, Neb., is building plants at the border between the Texas and eastern
grids. Though utilities aren't allowed to be connected to both grids at
once,
the plants are designed to allow the company to switch between grids as
demand
and prices warrant.

In rural Grimes County, about 90 miles outside Houston, Tenaska plant
manager
Frank Carelli boasts that his 830-megawatt plant could disconnect from one
grid,
connect to the other and be back at full power within an hour. A similar
Tenaska
plant is slated to begin operations this month in Rusk County, near the
Louisiana border.

WSJviaNewsEDGE
:PAGE: A1
:TICKER: CEG CPN DUK IPR REI TXU IPR.GB
:SUBJECT: EUTL STGO CA EC MD NC TX ENGL WSJ
Copyright (c) 2001 Dow Jones and Company, Inc.
Received by NewsEDGE/LAN: 5/7/01 1:22 AM


Ken,

I have had a few interviews about Enron and have put as good a spin as
possible on it

If you want to send press to me I might be able to help given everyone who
is piling on

Much love to your family

Call me if I can do anything to help out

Craig

-----Original Message-----
From: Craig Goodman [mailto:cgoodman@energymarketers.com]
Sent: Tuesday, January 15, 2002 2:56 PM
To: craig Goodman
Subject: CNN.com - Transcripts

http://www.cnn.com/TRANSCRIPTS/0201/11/lt.21.html


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/13/2001 08:56 AM -----

	"Yaish, Yair (OGC)" <YYaish@exchange.ml.com>
	04/13/2001 08:50 AM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: FYI -- FERC Filing

Sara, I wanted to let u knwo that under the FERC rules, we have to file the
Enron side letter for the physical master agreement in the same manner that
we filed the original agt between Enron and Allegheny.  Our PA office is
handling that and, if I am not mistaken, has taken of that yesterday.  I do
not think that EPMI is requried to file with the FERC because u are a power
amrekter, but I am wondering whether u do such filings anyway.

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Friday, April 13, 2001 9:41 AM
To: YYaish@exchange.ml.com
Subject: RE: ISDA Schedule/Paragraph 13

Yair:

I've left a message with Tracy Ngo (in Portland) and will let you know as
soon as I hear from her.  How long will you be in the office today?

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

                    "Yaish, Yair
                    (OGC)"                To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA
Schedule/Paragraph 13

                    04/13/2001
                    08:28 AM

Sara, Allegheny would like to be able to assign to affilaites in the same
manner that we are allowing Enron to make an ssignment so long as the Gty
goes along.  In our case, however, there is no gty, hence the stipualtion
that such assignment must be to an entity with an equal or better credit
rating.  If you wish, I can limit such assignment to an entity rated at
least BBB+ or better.  Would that resolve your concerns?

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Thursday, April 12, 2001 12:26 PM
To: YYaish@exchange.ml.com
Subject: RE: ISDA Schedule/Paragraph 13

Yair:

It's a good thing you didn't try to get back to me!  Sorrry.

(See attached file: AlleghenyCPformacceptR1.DOC)

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

                    "Yaish, Yair
                    (OGC)"                To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA
Schedule/Paragraph 13

                    04/12/2001
                    10:16 AM

Sara, sorry i didn't get back to you yesterday, I was out sick.  I didn't
notice anything attached, did u send a subsequent e-mail?

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Wednesday, April 11, 2001 4:01 PM
To: YYaish@exchange.ml.com
Cc: Tracy.Ngo@enron.com
Subject: RE: ISDA Schedule/Paragraph 13
Importance: High

Yair:

Attached is my redline.  Call me so that we can discuss the remaining
issues, including:

(1)  Calculation Agent.  We believe that the existing dispute mechanism is
adequate.

(2)  Procedures for Entering into Transactions.  There is no procedure for
dual confirms.  This is too confusing.

(3)  Transfer.  We cannot agree to your assignment provision as it is too
subjective.

The other changes were not substantive.

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

                    "Yaish, Yair
                    (OGC)"                To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA
Schedule/Paragraph 13

                    04/10/2001
                    07:46 AM

Sara, any thoughts on my comments ISDA I sent out last week?

-----Original Message-----
From: Yaish, Yair (OGC)
Sent: Thursday, April 05, 2001 6:19 PM
To: 'Sara.Shackleton@enron.com'
Subject: RE: ISDA Schedule/Paragraph 13

Sara, I have good news, I think we are very close to executing this baby.

I am attahcing comments to the ISDA.  They reflect comments by our outside
cousel which highlight the differences between this contract and the side
letter/ML ISDA.  They are not much.  I have also made some changes directly
on their draft where I either concurred with Enron or needed to make some
of my own changes.  Pls review and let me know what you think.

I will be leaving the office soon, so if we can wrap it up tomorrow that
would be great (I'm out Monday for Passover).

Yair Yaish
Director and Senior Counsel
Allegheny Energy Global Markets, LLC
212-236-7346

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Friday, March 30, 2001 4:10 PM
To: yyaish@exchange.ml.com
Subject: ISDA Schedule/Paragraph 13

Yair:

Attached is a blacklined (against the Enron North America Corp. draft of
3/15/01) Schedule and Paragraph 13 to the ISDA Credit Support Annex.  I
have tried to incorporate the essence of the March 19, 2001 "swap side
letter agreement."  Please call me to discuss as it would be nice to
finalize by April 6.  Thanks.

(See attached file: 098a Blackline ctr (Allegheny Energy Supply).doc)

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


did you buy any enron in the 60s?


Scott,
I heard that the TPC was in decent shape.    Are you planning on playing on
Saturday in the morning or afternoon?
How many people do you have in the group?

JForney
713-853-7160

 -----Original Message-----
From: 	"Jacobucci, Scott" <Scott.Jacobucci@ElPaso.com>@ENRON [mailto:IMCEANOTES-+22Jacobucci+2C+20Scott+22+20+3CScott+2EJacobucci+40ElPaso+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, August 01, 2001 8:13 AM
To:	'jforney@enron.com'
Subject:	golf

John,

Just checking to see if I have your email address correct.  Did you find out
anything on TPC?

Scott

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


I don't.  Why did you think about me when you heard Shackles?

 -----Original Message-----
From: 	Davis, Dana
Sent:	Friday, October 26, 2001 11:18 AM
To:	Davis, Angelic
Subject:	RE:

Do you have any of their cd's?  The one with the song "Shackles"?  I was listening to it this morning and I thought about you.

 -----Original Message-----
From: 	Davis, Angelic
Sent:	Friday, October 26, 2001 11:17 AM
To:	Davis, Dana
Subject:	RE:

Yes.  I love their music.

 -----Original Message-----
From: 	Davis, Dana
Sent:	Friday, October 26, 2001 11:15 AM
To:	Davis, Angelic
Subject:	RE:

Have you heard of Mary Mary?

 -----Original Message-----
From: 	Davis, Angelic
Sent:	Friday, October 26, 2001 11:14 AM
To:	Davis, Dana
Subject:	RE:

I listen to both.

 -----Original Message-----
From: 	Davis, Dana
Sent:	Friday, October 26, 2001 11:14 AM
To:	Davis, Angelic
Subject:

My Instant Messenger isn't working for some reason but all I wanted was to ask you do you listen to gospel music and what kind if you do?  Traditional or contemporary?


nope, I'm on 5

-----Original Message-----
From: Mann, Kay
Sent: Tuesday, November 20, 2001 1:12 PM
To: Carnahan, Kathleen
Subject: RE: FW: NorthWestern

I thought you were on 6.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Steve, Jeff and Ray had to postpone the conference call with the media that was scheduled earlier today.  The call has been rescheduled for 5:00pm CST this afternoon.  Employees can click on the link below to listen to the call:

http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=ENE&script=2400&item_


- eldon.zip


Here is the Operational Capacity for the points listed below. If you have any questions, please call me at 37317. Jeanne

 -----Original Message-----
From: 	Scott, Donna
Sent:	Wednesday, February 13, 2002 11:42 AM
To:	Licciardo, Jeanne
Subject:	Operational Capacity for TW Marketing

Jeanne,
In talking with Mark McConnell, Jerry Graves and Darrell Schoolcraft we think that if you can have David Duff pull the following point operational capacity out of TCI we can determine what Mark needs.  Please go back as far as you can in the database.  Some points may not exist because they were not in place back in 93 or 94, but pull as much history as you can.
	Name			POI
	SoCal - Topock		0056697
	SoCal - Needles		0010487
	PG&E - Topock		0056698
	S.W. Willow Valley	0013198
	N. Starsteel		0500383
	Mojave - Topock		0056696
	Citizen - Kingman	0056659
	Citizen - 89 North	0500046
	Citizen - Forest Branch	0500619
	Citizens - Flagstaff	0500134

Darrell, Jerry and I would like to validate the information prior to forwarding to Mark, so please send me the file and I will coordinate the review.  It might be helpful to know the field names in TCI if you can't find operational capacity.  We probably called it something different back then.

Thank you for your help.
Donna


Any GCP Adjustments will be highighted in blue.  If you have any questions,
please feel free to give me a call.

Amber N Ebow x5-8331
Global Counterparty_Enron Net Works

From: Aparna Rajaram/ENRON@enronXgate on 05/02/2001 09:50 AM
To: Amber Ebow/HOU/ECT@ECT
cc:
Subject: FW: Click Paper Approvals, 05-01-01

 -----Original Message-----
From:  Rajaram, Aparna
Sent: Wednesday, May 02, 2001 8:50 AM
To: Lombardi, Kelly; Schott, Samuel; Rodriguez, Bernice; Hare, Bill;
Venturatos, Steve; Gerard, Camille; Schott, Samuel; Rohauer, Tanya; Moran,
Tom; Jones, Tana; Davis, Frank L.; Curry, Ken; Hunter, Nicole; Campbell, Lesli
Subject: Click Paper Approvals, 05-01-01

Please see attached.

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


Jim Steffes asked me to develop some talking points for your meeting with Ed
Holland on June 6.   Attached is a short list of talking points that cover
the high level issues we have with Southern at this point and some key
questions we would like answered.

I have also attached a background paper on the key Southern personnel we deal
with on the RTO, including Ed Holland.  This paper also discusses some of the
major positions Southern has taken that you should be aware of for your
meeting.

In addition, I have attached a chronology of the SE Trans development that
gives you a quick overview of the major steps that have taken place,
including those in starting a collaborative group for both SE Trans and
GridSouth.

When Ed requested the meeting with you, he knew I was discussing a meeting
between Enron and two of his key executives concerning the SE Trans
development.  My best guess is that he is coming to see you about the
activities of the collaborative group we are working with.

I am sure I have told you more about Southern than you wanted to know, but If
you have any questions about this information or would like to discuss any of
it, please call me (205-516-4591).


Michael -

Ken Lay said to tell you this is fine.

Rosalee

"Telle, Michael S." <mtelle@velaw.com> on 10/02/2000 10:18:00 AM
To: "'kenneth.lay@enron.com'" <kenneth.lay@enron.com>
cc: "Watson, John" <jwatson@velaw.com>
Subject: Referendum Campaign

Mr. Lay--

During the negotiations with the Rockets as to how much each party would
contribute to the Arena referendum campaign, Mike Goldberg of Baker & Botts
suggested that the Rockets would like to net their contribution obligation
against other contributions that they solicited.

After a conversation with you, John Watson and I advised Mike Goldberg that
you did not want to be competing with the Rockets in soliciting
contributions to the Arena referendum campaign.

Mike Goldberg called Friday and asked whether it would be acceptable for the
Rockets to net against their contribution obligation contributions that they
have solicited from Baker & Botts, Jim MacInvale and Tilman Fertitta.  Mike
suggested that these three persons would be the only outside persons that
would be solicited by the Rockets.

Would you please let me know if this is acceptable to you.  You or Rosalee
may call me at 713-758-2350 or send me a response e-mail at
mtelle@velaw.com.

Sincerely,

Michael S. Telle


Stephen P. Piasio
Energy Futures Department
212-723-7278

> ----------
> From:  Maltese, Richard
> Sent:  Friday, January 07, 2000 3:46 PM
> To:  Piasio, Stephen
> Subject:  Loan & Security agreement
>
>
>  Steve.
>
>  I prepared a draft of the loan & Security agreement for Enron:
>
>
>   <<EnronLoan and Security Agreement draft.doc>>
>
>
>
>  regards,
>
>  Rich
>
Sara,
...hope this helps
SPP

 - EnronLoan and Security Agreement draft.doc


I'll take your Visa.  Just let me know when you've mailed it.    You have a
Platinum card, right?

R

"Paul Rodrigue" <paul.rodrigue@trin.net> on 08/30/2000 08:46:28 AM
To: Robin.Rodrigue@enron.com
cc:
Subject: Re: Mom's b-day

It's nice to know I have good tastes. I think I did a good job picking out
both b-day presents. Do you want me to mail a check or do you take Visa?

I decided to let you use them. It's too hot up here to use them. Maybe if it
ever rains. If you like them, I got them at a store up here for a really good
price, but you probably have such places down there too. You won't become a
golf junkie after you find out how much they want to actually let you play
golf on one of those nice green courses. It's a little more than the driving
range.

Glad to hear that you're really not a vampire.

My company was named one of the 100 Best managed manufacturing companies by
Industry Week. It's been a real joke around here. We're not sure what they
were smoking when they made that decision. (Note the irony in using company
email to say this...BTW...I have an interview with Arthur Anderson on the 8th)

Paul
>>> <Robin.Rodrigue@enron.com> 8/30/2000 8:21:45 AM >>>

You got her a $100 gift certificate to Talbot's (a women's clothing store).
You did a very good job picking it out.

Thanks for the golf clubs by the way.  I thought you weren't going to send
them, so I was surprised when Karon told me she had them.  I'll hold them
for ransom until I get paid back for the birthdays!!  I actually went to
the driving range this weekend.  I definitely think I could get hooked on
this sport.  Hopefully I won't become one of the "golf junkies" but I'm not
sure you can avoid it.  I was watching a golf infomercial the other day
thinking "I need that!"

Well back to work.  Did I tell you I'm working daylight hours again?

Talk to ya later,
Robin


Mark, can you participate in the ISDA call on Friday?  As you know Mark will
be out of the office on vacation.


you are too good

	Enron North America Corp.

	From:  Marie Heard                           03/21/2000 11:56 AM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: Rhythms stock

I just received the documentation from Ted and have faxed it to Morgan
Stanley to open account.

Sara Shackleton
03/21/2000 11:48 AM
To: Marie Heard/HOU/ECT@ECT
cc:
Subject: Rhythms stock

---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/21/2000
11:47 AM ---------------------------

	From:  Sheila Glover                           03/21/2000 10:49 AM

To: Gil Melman/Enron Communications@Enron Communications
cc: Donna Lowry/HOU/ECT@ECT, John Greene/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Mike Deville/HOU/ECT@ECT, Terri Harlan/HOU/ECT@ECT
Subject: Rhythms stock

Gil,
I received my copy of the instructions to Morgan Stanley and the letter to
the transfer agent.
I have faxed a copy to Frank Moy at Morgan Stanley who has not received the
original,as yet.
I have requested his verification that the account is open and an anticipated
timing for the transfer agent.

Have instructions been provided with the account opening authorizing John
Greene to trade for Enron Communications Investments Corp?
Has Donna been provided with the necessary internal releases for the sale?
Are we anticipating only selling 2,392,058 in the near term since that is the
only piece being registered in street-name?
John Greene will be provided with  instructions requesting him to sell and
acceptable pricing guidelines.

Thanks Sheila


-----Original Message-----
From: 	Cash, Michelle
Sent:	Wednesday, November 14, 2001 3:51 PM
To:	Goode, Diane
Subject:	New Nastygram

Diane,  attached is the new nastygram.  Would you mind moving the names/addresses from the first draft into these (or move this text into the other -- whichever is easiest!!) and then sending to Janette for Mark's review?  Thanks!  Michelle


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

 - 10-29 1000 Report.xls


Let me check with Mr. B.  I don't think we have any specific plans - probably
last minute shopping/wrapping.  We're both leaving on Thurs. and returning on
Sun.


Emmisions Trading will go from Kevin Presto  (Greg Wolfe) to George McClellan
under the following  conditions.

1 -  Volumes will not fall.  In fact they will increase.

2 - Wolfe will retain 1 Million of the 3 Million VAR for six months and then
East Power will have no Emmisions Positions,

3 -  Janel Guerrero (middle marketer) will follow the book to coal.

4 - East Power and Coal will get together and (hopefully) agree on a transfer
pricing mechanism for existing positions if there are any that Greg is not
keeping.

Give me a call if there are any issues.


All,

I will have the finalized resource ID list from the PX next week.  If a
schedule ID is used for a new customer, it's important to notify Vol Mgt ASAP
so we can change the database to correctly account for the charges BEFORE WE
RUN THE FLASH AND GIVE P/L NUMBERS TO RISK.  The list will let you  know
which IDs can be used for new customers.  October was a pain to close, mostly
because of this issue.  This should be a non-issue starting November.

Thanks,

Brett


The prepay to Reliant for Thur April 11th is $22,000.  I left the Cash Request on Doug's desk.

Priscilla, please leave the wire on my desk in the future.  I need to get Ed to sign before it goes to Doug Sewell.