Wanted to give you brief feedback on our efforts to become the 1st Fortune 
500 Company that has a 100% green headquarters.  We've established a 
company-wide team and a working plan going forward, which includes:

1.  EES commodity team is going to run the numbers for energy commodity for 
facilities and give them a proposal by end of next week.  While facilities 
will not be part of the TX pilot, EES can arrange a financial deal for them 
w/ an option of going physical on 1/1/02.   EES commodity team will also let 
the group know of the offer, in order to structure the REC deal.  Depending 
upon the savings that EES can offer to Facilities, we will determine any 
"headroom" for REC purchases.
Note: It is not necessary for Facilities to sign a commodity deal w/ EES in 
order for the "greening" of the building to go forward.  The RECs can be 
purchased and retired irrespective of the commodity deal with EES.  HOWEVER, 
it would be optimum for Facilities to sign on w/ EES and use the cost savings 
toward purchase of the RECs.  Facilities stated intent to do the latter.
2. Michael Payne and Mike Curry are going to be working on determining a cost 
for the RECs.  Michael initially projected $250,000 per year for the 
requisite number of RECs to retire commensurate w/ the demand of the 
building.  This was at a cost of $8 per REC, which I believe is quite high.  
I think they'll go for a $1-4 dollar range, bringing the cost down to a max 
of $125,000.  There's several ways to slice this end.  We can provide some of 
the RECs from the EWC facility and buy other RECs from the market in order to 
minimize the cost impact of the REC purchases.
3.  Next Thursday we will be able to get more of an exact figure on the 
premium cost for the RECs (ie how much over the cost savings will the RECs 
cost).  We will then need to decide the following:
 a. Would Corp/EHS being will to pitch in to cover any additional cost for 
the RECs;
 b. Pitching the idea to Skilling for buyoff, and payment for the RECs;
 c. Possibly getting buyoff from the business units since this could change 
what they are currently paying for power.
4. We discussed all of the above with Peggy Mahoney, and she asked us to take 
a stab at a comprehensive press release announcing all of the bells and 
whistles on the new building and our being the 1st Fortune 500 company to go 
100% green in our headquarters.   Catherine McKalip Thompson is working on 
the first draft.  We need to determine if we can get the "best" press for 
this commitment (i.e. stories in the WSJ and NY Times).  We determined that 
the message would need to be targeted, specifying the terms of our 
commitment....i.e. Enron makes a commitment for 3 years to provide 100% green 
for its headquarters in Houston, making it the first Fortune 500 company 
to.......

The goal is to have a final plan and decision by April 20th when Steve speaks 
to high level executives at a prelude to Earth Day NY on the topic of Energy 
Shock--Crisis or Opportunity: Building Economics and the Environment.

Mike, we'll definitely need your continued support and assistance, 
particularly if this goes to Skilling.  I'll keep you posted on the progress.

Stacey

----- Forwarded by Stacey Bolton/NA/Enron on 03/22/2001 03:14 PM -----

	Stacey Bolton
	03/22/2001 10:14 AM
		 
		 To: Scott Gahn/HOU/EES@EES, James M Wood/HOU/EES@EES, Greg 
Sharp/HOU/EES@EES, Richard Ring/HOU/EES@EES, Steve Woods/EPSC/HOU/ECT@ECT, 
Michael Payne/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike 
Curry/Enron@EnronXGate, Stan Dowell/HOU/EES@EES, Catherine 
McKalip-Thompson/Enron Communications@Enron Communications, Peggy 
Mahoney/HOU/EES@EES
		 cc: Michael Terraso/OTS/Enron@ENRON
		 Subject: Greening the Enron Building Mtg

The meeting is confirmed for today at 2:00 p.m. in 50 M03.  There are a 
couple of folks dialing in, and the number is 800-991-9019, passcode: 
6775293#.  I look forward to our discussion.

----- Forwarded by Stacey Bolton/NA/Enron on 03/22/2001 10:05 AM -----

	Stacey Bolton
	03/16/2001 05:04 PM
		 
		 To: Scott Gahn/HOU/EES@EES, James M Wood/HOU/EES@EES, Greg 
Sharp/HOU/EES@EES, Richard Ring/HOU/EES@EES, Steve Woods/EPSC/HOU/ECT@ECT, 
Michael Terraso/OTS/Enron@ENRON, Michael 
Payne/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike Curry/Enron@EnronXGate
		 cc: Steven J Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Peggy 
Mahoney/HOU/EES@EES, Janel Guerrero/Corp/Enron@Enron, Jeffrey 
Keeler/Corp/Enron@ENRON, Catherine McKalip-Thompson/Enron 
Communications@Enron Communications
		 Subject: Greening the Enron Building Mtg

You are invited to a meeting next Thursday (3/22) afternoon at 2:00 to 
discuss energy commodity and renewable energy credits for the Enron Building, 
Center and Stadium.  There are a few efforts that are going on simultaneously 
and I thought it would be a good idea for all of us to meet and get on the 
same page.  As many of you might know, Enron Wind (Michael Payne) and ENA 
(Mike Curry) have a great proposal to retire renewable energy credits from 
our Enron Wind facility to match the consumption of the building and stadium 
(details attached below).  If this proposal goes forward, Enron would be the 
1st Fortune 500 company to "go green" in its headquarters building.  Couple 
this w/ our energy star award, and we have GREAT environmental messaging.   
We'd like to highlight this announcement on Earth Day (April 22nd).

The facilities folks are interested in switching from Reliant to EES for 
actual commodity.  It makes sense to work strategically together on win-win 
proposal that will not only make sense economically, but that we can use in 
our messaging.  The focus of the meeting is to discuss the various proposals, 
and steps for moving forward.   

The meeting will be in EB50MO3 from 2:00-3:00. Please let me know if you or 
someone from your group can attend.

Stacey Bolton
Environmental Strategies
Enron Corp
3-9916