Message-ID: <9899607.1075853246272.JavaMail.evans@thyme>
Date: Tue, 13 Feb 2001 01:21:00 -0800 (PST)
From: showard@agsk.com
To: richard.b.sanders@enron.com
Subject: Fwd: Due Diligence Outline
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Richard,

At an earliier time in the NSM cases, I thought that we might argue that Enron
simply had nothing to do with the A and B bond offerings, that ECT Securities'
name appeared on the cover but Enron did nothing else.

Whether or not that would be a good position to take, it is clear to me that
the evidence will not support it. Enron did a great deal of diligence starting
in June of 1997 and continuing well after it became an "underwriter" in
November 1997 (after which, among other things, Enron received and commented
on drafts of the offering documents and road show slides.)  While we could
argue that we were only looking out for ourselves, I have no confidence that a
jury would buy that; and, in any event, I think it would be very unattractive
for us to say that we put our name on the cover just to get a fee and never
did anything at all to fullfill the duties of an underwriter.

Instead I think we should contend that Enron did a hell of a lot of work on
this transaction, looking into many differesnt aspects of the deal, that Enron
believed what it found and was told, that Enron asked a lot of questions of
Schultes, Healsey, Stickler, and Busse, that Enron believed and relied on
them, and that Enron invested $30 million of its own money (more than the
plaintiffs) because Enron sincerely believed in the deal..  We know now that
some of the things in the offering documents and road show slides were not
right, but Enron learned that only five or six months after the investors,
including Enron, put their money in.

On the basis of our meetings, I have asked Brian to take some time to put down
on paper an itemization of what Enron did to investigate the NSM transaction.
A preliminary draft is attached.  I have asked Brian to go back and add names
of Enron and outside people involved in each of the analyses or investigations
that he has listed.

................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

2049 Century Park East
Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077

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via e-mail at postmaster@agsk.com or
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...............................................
 - Enclosed.txt
 - nsmddsummary.doc


Message-ID: <30657757.1075853208038.JavaMail.evans@thyme>
Date: Thu, 22 Feb 2001 01:54:00 -0800 (PST)
From: richard.sanders@enron.com
To: schall@stoel.com, christian.yoder@enron.com, tim.belden@enron.com
Subject: Re: $80 million
Cc: gfergus@brobeck.com, hao@quinnemanuel.com
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Bcc: gfergus@brobeck.com, hao@quinnemanuel.com
X-From: Richard B Sanders
X-To: "Stephen Hall" <schall@stoel.com>@ENRON, Christian Yoder, Tim Belden
X-cc: gfergus@brobeck.com, hao@quinnemanuel.com
X-bcc:
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Gary---I think you should write the PX a letter asking:1) where this $ went,
2) whether the Core performance bond has been paid and where that $ went,3)
whether the State has paid them any $ for the block forward positions, 4) has
a claim been made on the CTS performance bond and is it still active given
the State's action, 5)How did they calculate the $17mm chargeback they sent
us, 6)what other $ has been collected to minimize the chargebacks
If anyone has anything else they think we should ask the PX please send Gary
and me a note.

	"Stephen Hall" <schall@stoel.com>
	02/08/2001 11:51 PM

		 To: gfergus@brobeck.com, richard.b.sanders@enron.com
		 cc:
		 Subject: $80 million

Just a reminder:  The ISO held a Firm Transmission Right ("FTR") auction last
month that netted the California IOUs $80 million.  That money is credited to
their account to reduce their revenue requirement for access charges (it
reduces the amount of money that the utilities' ratepayers pay for
transmission access charges).

As creditors, we should have some claim against that money.

NOTICE:  This communication may contain privileged or other confidential
information.  If you are not the intended recipient, or believe that you have
received this communication in error, please do not print, copy, retransmit,
disseminate, or otherwise use the information.  Also, please indicate to the
sender that you have received this email in error, and delete the copy you
received. Thank you.

Stephen C. Hall
Stoel Rives LLP
schall@stoel.com
tel: (503) 294-9897
fax: (503) 220-2480


Message-ID: <19273275.1075845847281.JavaMail.evans@thyme>
Date: Wed, 2 May 2001 04:28:00 -0700 (PDT)
From: aroffwarg@bracepatt.com
To: ben.f.jacoby@enron.com
Subject: Re: Greystone/Haywood - Extension of Dates
Cc: szisman@ect.enron.com, kay.mann@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
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Bcc: szisman@ect.enron.com, kay.mann@enron.com
X-From: "Aaron Roffwarg" <aroffwarg@bracepatt.com>
X-To: <Ben.F.Jacoby@enron.com>
X-cc: <szisman@ect.enron.com>, <Kay.Mann@enron.com>
X-bcc:
X-Folder: \Kay_Mann_June2001_2\Notes Folders\Discussion threads
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Ben,
Thanks for your email.  I have highlighted the pertinent Sections 2.2 and 2.3
of the Project Development Agreement to the bottom of this email for your
review .  So long as we extend the May 1, 2001 date to August 1, 2001
regarding Purchaser's obligations, I think many of your concerns are
adequately covered by these Sections.  This was a big concern of Healy's when
we did the deal initially and we tried to make it clear that, despite a sale
of the Interests to AES prior to the deadline for meeting the Development
Milestones, Developer (ENA) would remain the exclusive developer of the
Property as long as the PDA was in effect.

Regarding indemnities, in Section 6.11, Purchaser agrees to indemnify
Developer and Developer's related parties from all damages caused by
Purchaser's nonfulfillment of any agreement or covenant under the PDA.  Thus,
if they breach the obligations listed below, they are liable to us for
damages related to such breach.

Please call me at your convenience to discuss this issue at your
convenience.  Best regards.

SECTION 2.2 Obligations of Purchaser.
Purchaser shall have the following obligations under this Project Development
Agreement:
(a) Purchaser shall use commercially reasonable efforts to cooperate with
Developer in achieving the Development Milestones on or before [May 1, 2001];
(b) Purchaser shall pay to Developer all payments owing by Purchaser to
Developer in accordance with Article III below, as and when such payments are
due;
(c) Purchaser agrees to provide on or before fifteen (15) days after the
Effective Date the Base Configuration Information;
(d) following Purchaser's submission to Developer of the Base Configuration
Information, Purchaser hereby agrees not to change any of the information
contained in the Base Configuration Information in any manner that could, in
Developer's reasonable judgment, adversely affect Developer's ability to
achieve the Development Milestones;
(e) Purchaser agrees (i) not to take any action that is reasonably likely to
hinder, impede or delay Developer's achievement of the Development Milestones
or that could make Developer's achievement of such Development Milestones
more costly and (ii) to use commercially reasonable efforts to promptly
supply to Developer follow-up information that is consistent with the Base
Configuration Information which is reasonably requested by Developer (or any
Governmental Authority) in connection with Developer's pursuit of the
Development Milestones;
(f) Purchaser recognizes that, except as otherwise provided in Section 3.7,
Developer is the exclusive developer of the Project; provided, that Developer
agrees to include representatives of Purchaser in all material meetings and
discussions with third parties related to the development of the Project,
including all material discussions and meetings with respect to the TVA
Interconnection Agreement and related matters.
(g) in the event Purchaser purchases the Interests prior to the termination
of this Project Development Agreement, all of Purchaser's obligations
pursuant to this Project Development Agreement (including 2.2(f)) shall
continue in full force and effect and Purchaser agrees to cause the Company
(and any subsequent purchasers and assignees of the Company) to comply with
all restrictions set forth in


Message-ID: <22061850.1075847722059.JavaMail.evans@thyme>
Date: Tue, 5 Jun 2001 02:56:00 -0700 (PDT)
From: miyung.buster@enron.com
To: ann.schmidt@enron.com, bryan.seyfried@enron.com, elizabeth.linnell@enron.com,
	filuntz@aol.com, james.steffes@enron.com, janet.butler@enron.com,
	jeannie.mandelker@enron.com, jeff.dasovich@enron.com,
	joe.hartsoe@enron.com, john.neslage@enron.com,
	john.sherriff@enron.com, joseph.alamo@enron.com,
	karen.denne@enron.com, lysa.akin@enron.com, mark.palmer@enron.com,
	mark.schroeder@enron.com, markus.fiala@enron.com,
	michael.brown@enron.com, mona.petrochko@enron.com,
	nicholas.o'day@enron.com, peggy.mahoney@enron.com,
	peter.styles@enron.com, richard.shapiro@enron.com,
	rob.bradley@enron.com, sandra.mccubbin@enron.com,
	shelley.corman@enron.com, stella.chan@enron.com,
	steven.kean@enron.com, susan.mara@enron.com, mike.roan@enron.com,
	alex.parsons@enron.com, andrew.morrison@enron.com, lipsen@cisco.com,
	janel.guerrero@enron.com, shirley.hudler@enron.com,
	kathleen.sullivan@enron.com, tom.briggs@enron.com,
	linda.robertson@enron.com, lora.sullivan@enron.com,
	jennifer.thome@enron.com, jkradin@marathon-com.com,
	rlichtenstein@marathon-com.com, syamane@marathon-com.com,
	ken@kdscommunications.com, hgovenar@govadv.com, sgovenar@govadv.com,
	bhansen@lhom.com, carin.nersesian@enron.com,
	robert.neustaedter@enron.com, john.shelk@enron.com,
	chris.holmes@enron.com, evan.hughes@enron.com,
	roberta.staehlin@enron.com, lamar.frazier@enron.com,
	ban.sharma@enron.com, pat.shortridge@enron.com,
	karen.moore@enron.com
Subject: Energy Issues
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Miyung Buster
X-To: Ann M Schmidt, Bryan Seyfried, Elizabeth Linnell, filuntz@aol.com, James D Steffes, Janet Butler, Jeannie Mandelker, Jeff Dasovich, Joe Hartsoe, John Neslage, John Sherriff, Joseph Alamo, Karen Denne, Lysa Akin, Mark Palmer, Mark Schroeder, Markus Fiala, Michael R Brown, Mona L Petrochko, Nicholas O'Day, Peggy Mahoney, Peter Styles, Richard Shapiro, Rob Bradley, Sandra McCubbin, Shelley Corman, Stella Chan, Steven J Kean, Susan J Mara, Mike Roan, Alex Parsons, Andrew Morrison, lipsen@cisco.com, Janel Guerrero, Shirley A Hudler, Kathleen Sullivan, Tom Briggs, Linda Robertson, Lora Sullivan, Jennifer Thome, jkradin@marathon-com.com, rlichtenstein@marathon-com.com, syamane@marathon-com.com, ken@kdscommunications.com, hgovenar@govadv.com, sgovenar@govadv.com, bhansen@lhom.com, Carin Nersesian, Robert Neustaedter, John Shelk, Chris Holmes, Evan Hughes, Roberta Staehlin, Lamar Frazier, Ban Sharma, Pat Shortridge, Karen Moore
X-cc:
X-bcc:
X-Folder: \Steven_Kean_June2001_2\Notes Folders\Archiving\Untitled
X-Origin: KEAN-S
X-FileName: skean.nsf

Please see the following articles:

Sac Bee, Tues, 6/5:  Ose electricity bill buffeted by political storms

Sac Bee, Tues, 6/5: Bush vs. price caps: Economists correct a faulty power=
=20
lecture (Editorial)

SD Union, Tues, 6/5: A game of victims and villains

SD Union, Tues, 6/5: Idled plants coming back on line

SD Union, Mon, 6/4: Planned plant shutdowns easing, boosting state's power=
=20
supply

SF Chron, Tues, 6/5: Chevron threatens to cut gas supply in state=20

SF Chron, Tues, 6/5: PG&E creditors approve bonuses=20
Utility must file reorganization plan by end of year, or CEO only gets=20
$600,000 extra

SF Chron, Tues, 6/5: 56% favor limits on electricity prices, poll finds

SF Chron, Tues, 6/5: Developments in California's energy crisis

SF Chron, Tues, 6/5: PG&E sues to challenge reimbursement to state

Mercury News, Tues, 6/5: Critics say Calpine plan too generous =20

Mercury News, Mon, 6/4:  PBS documentary shines light on energy crisis =20
(Enron mentioned)

Mercury News, Tues, 6/5: California's big turnoff  (Editorial)

Mercury News, Tues, 6/5: FERC shirk  (Editorial)

OC Register, Tues, 6/5: Edison plugging shareholders into Capitol

OC Register, Tues, 6/5:  SDG&E


Message-ID: <26042056.1075858734306.JavaMail.evans@thyme>
Date: Wed, 24 Oct 2001 15:26:02 -0700 (PDT)
From: trnews@tr.com
To: telecommunications.international@enron.com, tr_news_letter@cch.com
Subject: TR Daily, 24 October, 2001
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Telecommunications Reports International, Inc. <trnews@tr.com>
X-To: Telecommunications Reports International, Inc. <tr_news_letter@cch.com>
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X-bcc:
X-Folder: \RSHAPIRO (Non-Privileged)\Shapiro, Richard\Deleted Items
X-Origin: Shapiro-R
X-FileName: RSHAPIRO (Non-Privileged).pst

--------------------------------------------------

Telecommunications Reports presents....

                                  TR DAILY
                                  Oct. 24, 2001
--------------------------------------------------

PLEASE NOTE:  This electronic publication is copyrighted by
Telecommunications Reports International. Redistribution or
retransmission of any part of this electronic publication -- either
internally or externally -- is strictly prohibited. Violation will
be cause for immediate termination of your subscription and
liability for damages.  You may print out one hard copy for your
personal use. If you are interested in having this publication sent
to colleagues at your company, additional authorized recipients may
be added to your subscription for a fee.  Call Subscriber Services,
at (800) 822-6338, or send an e-mail to customerservice@tr.com for
more details.  If you prefer not to receive TR Daily, please reply
to customerservice@tr.com.

--------------------------------------------------

Table Of Contents
Click here for the full issue:
http://www.tr.com/online/trd/2001/td102401/index.htm

COMMERCE DEPARTMENT ASKS
FCC TO LIFT SPECTRUM CAP
http://www.tr.com/online/trd/2001/td102401/Td102401.htm

POWELL DEFENDS COMMISSION's SUPPORT
FOR 700 MHz BAND-CLEARING PACTS=20
http://www.tr.com/online/trd/2001/td102401/Td102401-01.htm

AT&T MEETS THIRD QUARTER EXPECTATIONS,
ANALYSTS SEE DISMAL 2002=20
http://www.tr.com/online/trd/2001/td102401/Td102401-02.htm

NEXTEL UPBEAT ON FINANCIAL TARGETS;
LEAP WIRELESS CAUTIONS ON FUNDING
http://www.tr.com/online/trd/2001/td102401/Td102401-03.htm

NextWave SETTLEMENT TALKS
DRAW IRE OF SMALL BIDDERS
http://www.tr.com/online/trd/2001/td102401/Td102401-04.htm

CONTENT SHORTCOMINGS HINDER BROADBAND GROWTH,=20
NOT LACK OF CONNECTIONS, ITAA SAYS
http://www.tr.com/online/trd/2001/td102401/Td102401-05.htm

COURT PROBES ROLE OF PERU'S GOVERNMENT
IN AWARDING CONTRACT FOR TELECOM NETWORK
http://www.tr.com/online/trd/2001/td102401/Td102401-06.htm

PRIVACY COUNCIL WANTS AUDIT
OF MICROSOFT'S PASSPORT SERVICE
http://www.tr.com/online/trd/2001/td102401/Td102401-07.htm

NEWS IN BRIEF
http://www.tr.com/online/trd/2001/td102401/Td102401-08.htm

****************************************************************
COMMERCE DEPARTMENT ASKS
FCC TO LIFT SPECTRUM CAP

The Commerce Department today called on the FCC to lift the cap on
the amount of spectrum carriers may hold in any one market, calling
the restriction "arbitrary and outdated."  The development is a
boost to the efforts of major wireless carriers that have lobbied
the FCC to repeal the cap.

Nancy Victory, head of the Commerce Department's National
Telecommunications & Information Administration, sent a letter to
FCC Chairman Michael K. Powell calling for the repeal of the cap on
commercial mobile radio service (CMRS) providers and the cellular
cross-interest rule, which restricts an entity's ownership interest
in cellular carriers operating in the same market.

"In today's CMRS market, characterized by multiple national
providers and numerous local carriers, rules such as these that
draw arbitrary lines in the name of ensuring competition are simply
not needed," Ms. Victory wrote.  "Indeed, their retention will more
likely result in consumer harm.  The rules' arbitrary constraints
on system capacity limit se

payment million billion settlement damages


Message-ID: <3725994.1075863589785.JavaMail.evans@thyme>
Date: Wed, 16 Aug 2000 02:09:00 -0700 (PDT)
From: carla.hoffman@enron.com
To: tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com,
	phillip.platter@enron.com, mike.swerzbin@enron.com,
	diana.scholtes@enron.com, sean.crandall@enron.com,
	matt.motley@enron.com, mark.guzman@enron.com, tom.alonso@enron.com,
	mark.fischer@enron.com
Subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
	lif ISO Urges FERC To Reject Pwr Producers' Complaint
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Carla Hoffman
X-To: Tim Belden, Robert Badeer, Jeff Richter, Phillip Platter, Mike Swerzbin, Diana Scholtes, Sean Crandall, Matt Motley, Mark Guzman, Tom Alonso, Mark Fischer
X-cc:
X-bcc:
X-Folder: \Robert_Badeer_Aug2000\Notes Folders\All documents
X-Origin: Badeer-R
X-FileName: rbadeer.nsf

---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/16/2000 09:16
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     08/16/2000 06:11 AM

To: "Golden, Mark" <Mark.Golden@dowjones.com>
cc:  (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
lif ISO Urges FERC To Reject Pwr Producers' Complaint

12:15 GMT 16 August 2000
=DJ Calif Generators: `We Welcome Probe Into Power Market'  (This article
was originally published Tuesday)       By Jason Leopold     OF DOW JONES
NEWSWIRES    LOS ANGELES (Dow Jones)--When California Attorney General Bill
Lockyer completes his investigation into possible "collusion" in the
wholesale electricity market by generators, energy companies say he will
probably find the same thing Geraldo Rivera found in Al Capone's safe:
nothing.  Still, those companies that own generation in the state say they
welcome the probe into the power market by Attorney General Bill Lockyer.
"We have done nothing wrong at all," said Tom Williams, spokesman for Duke
Energy North America (DUK). "Our plants have been running all summer long.
Prices are high throughout the west. We wouldn't invest $1.7 billion in new
generation and then try and rig the market."  For the past two months,
utilities, lawmakers and other market participants have made allegations
that generators are manipulating the market and are largely responsible for
the price spikes.  Locker's office said an investigation is still pending.
State regulators are also conducting their own investigation, the findings
of which will be submitted to the governor and the Federal Energy Regulatory
Commission by the end of the year.  Allegations Said Unsubstantiated  There
isn't a shred of evidence to support allegations, said Severing Borenstein,
director of the University of California, Berkley's, Energy Institute.
"There are no antitrust laws that state you can't charge a premium price for
power," Borenstein said. "Manipulation is a bad word. That's used in the
commodities market to find a loophole and take advantage of the rules.  "I
would say this is exercising market power. ... If you want to charge high
prices you can. These are guys who play against each other every day. There
is no sort of collusion that would interest the justice department ... ."
The reason for the inquiry ordered By Gov. Gray Davis, he said, is as a
consequence of San Diego consumers being the first in the nation to pay
market-based rates for electricity.  The high wholesale costs paid by
utility San Diego Gas & Electric, a unit of Sempra Energy (SRE), were passed
on to ratepayers and resulted in utility bills more than doubling.  Gov.
Davis ordered the inquiry and asked federal regulators to conduct their own
investigation as well.  Dynegy (DYN) President Steve Bergstrom also says
that an investigation "will turn up nothing."  So why conduct one?  "This is
a very politically charged issue," Bergstro

15 GMT 16 August 2000 DJ Calif ISO Urges FERC To Reject


Message-ID: <7623306.1075846370269.JavaMail.evans@thyme>
Date: Mon, 31 Jul 2000 01:22:00 -0700 (PDT)
From: lance.schuler-legal@enron.com
To: james.bouillion@enron.com, amit.walia@enron.com, patrick.conner@enron.com,
	bruce.lundstrom@enron.com, frank.sayre@enron.com,
	daniel.rogers@enron.com, sandeep.katwala@enron.com,
	robert.williams@enron.com, gail.brownfeld@enron.com,
	cullen.duke@enron.com, stephen.wallace@enron.com,
	charles.cheek@enron.com, david.nutt@enron.com, frank.smith@enron.com,
	mary.joyce@enron.com, aaron.brown@enron.com, eric.newell@enron.com,
	john.lamb@enron.com, bob.butts@enron.com, robert.george@enron.com,
	john.novak@enron.com, richard.shapiro@enron.com,
	steven.kean@enron.com
Subject: Summer Purchase Agreement
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Lance Schuler-Legal
X-To: James L Bouillion, Amit Walia, Patrick Conner, Bruce Lundstrom, Frank Sayre, Daniel R Rogers, Sandeep Katwala, Robert C Williams, Gail Brownfeld, Cullen Duke, Stephen Wallace, Charles Cheek, David Nutt, Frank Smith, Mary Joyce, Aaron Brown, Eric Newell, John Lamb, Bob Butts, Robert H George, John Novak, Richard Shapiro, Steven J Kean
X-cc:
X-bcc:
X-Folder: \Steven_Kean_Dec2000_1\Notes Folders\Project summer
X-Origin: KEAN-S
X-FileName: skean.nsf

----- Forwarded by Lance Schuler-Legal/HOU/ECT on 07/31/2000 08:17 AM -----

	"Joor, William E., III" <wjoor@velaw.com>
	07/30/2000 06:58 PM

		 To: "'Klepper, Marty'" <mklepper@skadden.com>, "'Tindell, Jeff'"
<jtindell@skadden.com>, "'Brasher, Lance'" <lbrasher@skadden.com>, "'Saba,
Peter'" <psaba@skadden.com>, "'Cohen, Arthur'" <arcohen@skadden.com>, "'Haug,
David'" <dhaug@enron.com>, "'Sutton, Joseph'" <jsutton@enron.com>, "'Brennan,
James'" <james.brennan@ubsw.com>, "'Saddi, Joe'" <saddi_joe@bah.com>,
"'Walter, Jerry'" <jerry.walter@simmons-simmons.com>, "'Baxter, Cliff'"
<cliff.baxter@enron.com>, "Metts, Mark (Enron)" <mmetts@enron.com>, "Taylor,
Mitchell (Enron)" <mitchell.taylor@enron.com>, "'Welch, Jamie'"
<jamie.welch@csfb.com>, "'Faldyn, Rodney'" <rfaldyn@azurix.com>, "Schuler,
Lance (Enron)" <lance.schuler-Legal@enron.com>, "Dilg, Joe"
<jdilg@velaw.com>, "Osterberg, Edward" <eosterberg@velaw.com>, "Duke, Cullen
(Enron)" <cullen.duke@enron.com>, "Nettles, Larry" <lnettles@velaw.com>,
"Bloom, Brian" <bbloom@velaw.com>, "Shouse, August" <AShouse@velaw.com>,
"Barber, Shelley" <SBarber@velaw.com>, "Hodges, Ted" <thodges@velaw.com>,
"Spradling, Mark" <MSpradling@velaw.com>, "Roark, Donnie" <droark@velaw.com>,
"'m.cilia@enron.com'" <m.cilia@enron.com>
		 cc:
		 Subject: Summer Purchase Agreement

Attached please find clean and marked copies of a revised Purchase and Sale
Agreement.  There are attached copies in WordPerfect 8.0 and in PDF.

Two matters require special mention:

First, we have been advised that the parties discussed a threshhold with
respect to the TGS stamp tax issue of $16 million.  Accordingly, we have
amended the definition of the Excluded Liability to limit it to the excess
of any TGS liability that would yield that amount proportionately to the
Company's ownership interest.

Second, we have noted that the bifurcation of the materiality standard
between materiality as a condition to close and materiality as a condition
to indemnification yields an inappropriate result in the case of the
representation in Section 5.14 dealing with material adverse changes.  It is
our intention to condition the Acquiror's obligation to close on an adverse
matter that is material to a Strategic Business Unit.  It was to indemnify
the Acquiror with respect to an undisclosed adverse matter that is material
to a Strategic Business Unit.  I was not our intention to indemnify the
Acquiror with respect to each $4 million change in each Business not covered
by the other representations.  Accordingly, we have, in the case of Section
5.14, limited the definition of Material Adverse Change to clause (i) of
th


Message-ID: <22249727.1075853265872.JavaMail.evans@thyme>
Date: Wed, 29 Nov 2000 03:31:00 -0800 (PST)
From: richard.sanders@enron.com
To: mark.haedicke@enron.com
Subject: RE: FW: ANNOUNCEMENT: Notice of Press Conference today
Mime-Version: 1.0
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X-From: Richard B Sanders
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----- Forwarded by Richard B Sanders/HOU/ECT on 11/29/2000 11:31 AM -----

	Mark Palmer@ENRON
	11/29/2000 10:56 AM

		 To: Richard Shapiro/HOU/EES@EES, Steven J Kean/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Richard B Sanders/HOU/ECT@ECT, Paul
Kaufman/PDX/ECT@ECT
		 cc:
		 Subject: RE: FW: ANNOUNCEMENT: Notice of Press Conference today

Here's the suit filed against the generators.  Reporter says our suit will
look the same.

Mark
----- Forwarded by Mark Palmer/Corp/Enron on 11/29/2000 10:53 AM -----

	"Leopold, Jason" <Jason.Leopold@dowjones.com>
	11/29/2000 10:47 AM

		 To: "'Mark.Palmer@enron.com'" <Mark.Palmer@enron.com>
		 cc:
		 Subject: RE: FW: ANNOUNCEMENT: Notice of Press Conference today

James C. Krause, Esq., SBN 066478
Ralph B. Kalfayan, Esq., SBN 133464
Patrick N. Keegan, Esq., SBN 167698
Stephen W. Poirier, Esq. SBN 200868
KRAUSE & KALFAYAN
1010 Second Avenue, Suite 1750
San Diego, CA 92101
Tel: (619) 232-0331
Fax: (619) 232-4019

Attorneys for Plaintiff
(Additional Counsel on Signature Page)

 SUPERIOR COURT OF THE STATE OF CALIFORNIA

 FOR THE COUNTY OF SAN DIEGO

PAMELA R. GORDON, on behalf of ) Case No.
herself and all others similarly situated, )
       ) CLASS ACTION
COMPLAINT FOR
) VIOLATIONS OF CALIFORNIA
Plaintiff,  ) BUSINESS AND PROFESSIONS CODE
) oo16720, ET SEQ. AND oo17200 ET SEQ.
vs.     ) ANTITRUST and UNFAIR
BUSINESS
) PRACTICES
RELIANT ENERGY, INC.; SOUTHERN )
COMPANY; NRG ENERGY; DYNEGY,  )
INC.; AES CORPORATION; WILLIAMS )
ENERGY; DUKE ENERGY NORTH )
AMERICA; and  DOES 1 through 100,  )
Inclusive     )
)
Defendants.  )
___________________________________  )

  TABLE OF CONTENTS

I. NATURE OF THE CASE 1

II. VENUE 2

III. PARTIES 2

IV. CLASS ACTION ALLEGATIONS 5

V. COMMON ALLEGATIONS OF FACT 6

A. The California Wholesale Electricity Markets 6

B. Defendants' Improper Acts 8

C. Results of Defendants' Activities 13

FIRST CAUSE OF ACTION 15
Violation of Sections 16720 and 16726 of the California Business and
Professions
Code Trust In Restraint of Trade or Commerce in Violation of the Antitrust
Act
SECOND CAUSE OF ACTION 18
For Violations of the Unfair Trade Practices Act Based Upon Violations of
the
Antitrust Act

THIRD CAUSE OF ACTION 19
For Violations of the Unfair Trade Practices Act Based Upon Defendants'
Unfair Business Acts and Practices

FOURTH CAUSE OF ACTION 20
Violations of the Consumers Legal Remedies Act

VI. PRAYER FOR RELIEF 21

 Plaintiff hereby alleges on information and belief based upon the
investigation made by and through her attorneys, as follows:
 I.
 NATURE OF THE CASE

1. This is a class action seeking redress under the law of California
for defendants' conduct in the market for wholesale electricity.  During the
spring and summer of 2000, a group of electricity generators and traders,
including defendants, exercising market power, unlawfully manipulated the
California wholesale electricity market, resulting in grossly inflated
wholesale electricity prices throughout the state and much of the Western
United States. Defendants accomplished this result by, inter alia,
improperly using confidential real time generator capacity, use, and
maintenance data, and transmission system flow data to "game" the wholesale
electricity market, by withholding electrical generating capacity from the
California Power Exchange's forward markets, by improperly parking power
with affiliates in other states which was later resold in California at
inflated rates, by scheduling previously unplanned pla

3 cents per kilowatt hour have risen to 19
cents per kilowatt hour in just


Message-ID: <33132342.1075849414589.JavaMail.evans@thyme>
Date: Mon, 9 Jul 2001 03:48:00 -0700 (PDT)
From: miyung.buster@enron.com
To: ann.schmidt@enron.com, bryan.seyfried@enron.com, elizabeth.linnell@enron.com,
	filuntz@aol.com, james.steffes@enron.com, janet.butler@enron.com,
	jeannie.mandelker@enron.com, jeff.dasovich@enron.com,
	joe.hartsoe@enron.com, john.neslage@enron.com,
	john.sherriff@enron.com, joseph.alamo@enron.com,
	karen.denne@enron.com, mark.palmer@enron.com,
	mark.schroeder@enron.com, markus.fiala@enron.com,
	michael.brown@enron.com, mona.petrochko@enron.com,
	nicholas.o'day@enron.com, peggy.mahoney@enron.com,
	peter.styles@enron.com, richard.shapiro@enron.com,
	rob.bradley@enron.com, shelley.corman@enron.com,
	stella.chan@enron.com, steven.kean@enron.com, susan.mara@enron.com,
	mike.roan@enron.com, alex.parsons@enron.com,
	andrew.morrison@enron.com, lipsen@cisco.com,
	janel.guerrero@enron.com, shirley.hudler@enron.com,
	kathleen.sullivan@enron.com, tom.briggs@enron.com,
	linda.robertson@enron.com, lora.sullivan@enron.com,
	jennifer.thome@enron.com, jkradin@marathon-com.com,
	rlichtenstein@marathon-com.com, syamane@marathon-com.com,
	ken@kdscommunications.com, hgovenar@govadv.com, sgovenar@govadv.com,
	bhansen@lhom.com, carin.nersesian@enron.com,
	robert.neustaedter@enron.com, john.shelk@enron.com,
	chris.holmes@enron.com, evan.hughes@enron.com,
	roberta.staehlin@enron.com, lamar.frazier@enron.com,
	ban.sharma@enron.com, pat.shortridge@enron.com,
	karen.moore@enron.com, kurt.lindahl@enron.com,
	marcus.dotson@enron.com, alan.comnes@enron.com,
	melinda.pharms@enron.com, lysa.akin@enron.com, luiz.maurer@enron.com
Subject: Energy Issues
Cc: angela.wilson@enron.com
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Content-Transfer-Encoding: 7bit
Bcc: angela.wilson@enron.com
X-From: Miyung Buster
X-To: Ann M Schmidt, Bryan Seyfried, Elizabeth Linnell, filuntz@aol.com, James D Steffes, Janet Butler, Jeannie Mandelker, Jeff Dasovich, Joe Hartsoe, John Neslage, John Sherriff, Joseph Alamo, Karen Denne, Mark Palmer, Mark Schroeder, Markus Fiala, Michael R Brown, Mona L Petrochko, Nicholas O'Day, Peggy Mahoney, Peter Styles, Richard Shapiro, Rob Bradley, Shelley Corman, Stella Chan, Steven J Kean, Susan J Mara, Mike Roan, Alex Parsons, Andrew Morrison, lipsen@cisco.com, Janel Guerrero, Shirley A Hudler, Kathleen Sullivan, Tom Briggs, Linda Robertson, Lora Sullivan, Jennifer Thome, jkradin@marathon-com.com, rlichtenstein@marathon-com.com, syamane@marathon-com.com, ken@kdscommunications.com, hgovenar@govadv.com, sgovenar@govadv.com, bhansen@lhom.com, Carin Nersesian, Robert Neustaedter, John Shelk, Chris Holmes, Evan Hughes, Roberta Staehlin, Lamar Frazier, Ban Sharma, Pat Shortridge, Karen Moore, Kurt Lindahl, Marcus Dotson, Alan Comnes, Melinda Pharms, Lysa Akin, Luiz Maurer
X-cc: Angela Wilson
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Please see the following articles:

Sac Bee, Mon, 7/9: Energy probe relies on history: A 1929 cement
case offers a map as a Senate panel seeks contempt charges

Sac Bee, Mon, 7/9: Dan Walters: Energy preoccupies politicos, but
school crisis still looms large

SD Union, Mon, 7/9: Estimates start at $50 billion for deregulation cost

SD Union, Sat, 7/7: SDG&E ratepayers lose PUC case

SD Union, Sat, 7/7: Davis totals up his efforts, notes price drop

LA Times, Mon, 7/9: Concern Over Price of Long-Term Power Pactrs Grows
Embedded costs may yield more rate hikes, critics say, and the $43-billion
total could complicate plans to rescue Edison

LA Times, Mon, 7/9: The Nation Deal with Suppliers Not Likely

LA Times, Sun, 7/8: Paying the Energy Bill Crying Foul Over Energy Baselines

LA Times, Sun, 7/8: Power Firms Have Motive to Deal With Davis Energy

SF Chron, Sun, 7/8: Airplane leftovers converted into electricity

Mercury News, Mon, 7/9: FERC judge readying his resolution

O

payment million billion settlement damages compensation


Message-ID: <5118287.1075840035064.JavaMail.evans@thyme>
Date: Wed, 9 Jan 2002 11:05:32 -0800 (PST)
From: theresa.villeggiante@enron.com
To: tom.alonso@enron.com, robert.badeer@enron.com, tim.belden@enron.com,
	sean.crandall@enron.com, m..driscoll@enron.com,
	mark.fischer@enron.com, chris.mallory@enron.com,
	matt.motley@enron.com, jeff.richter@enron.com,
	diana.scholtes@enron.com, mike.swerzbin@enron.com,
	bill.williams@enron.com
Subject: FW: Energy Market Report - 01/08/02
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X-From: Villeggiante, Theresa </O=ENRON/OU=NA/CN=RECIPIENTS/CN=TVILLEGG>
X-To: Alonso, Tom </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Talonso>, Badeer, Robert </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rbadeer>, Belden, Tim </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Tbelden>, Crandall, Sean </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Scranda>, Driscoll, Michael M. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mdrisc3>, Fischer, Mark </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mfische2>, Mallory, Chris </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Cmallor>, Motley, Matt </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mmotley>, Richter, Jeff </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jrichte>, Scholtes, Diana </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Dscholt>, Swerzbin, Mike </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mswerzb>, Williams III, Bill </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Bwillia5>
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-----Original Message-----
From: Energy Market Report [mailto:emr@econ.com]
Sent: Tuesday, January 08, 2002 4:14 PM
To: Energy Market Report
Subject: Energy Market Report - 01/08/02

Energy Market Report
Tuesday, January 8, 2002

*See attached pdf file.
__________________________________________________________
Western Pre-Scheduled Firm Electricity Prices($/MWh)
January 8, 2002 for January 9, 2002

Peak(Heavy)
                   Low     Change     High    Change
NW/N. Rockies     18.00     1.00     19.00     1.00
Mid-Columbia      18.00     1.00     19.00     1.00
COB               20.00     1.00     21.25     1.50
N. California     22.25     1.75     23.75     1.75
Midway/Sylmar       NA       NA        NA       NA
S. California     21.25     0.75     23.00     0.50
Mead              21.00     1.50     22.50     1.00
Palo Verde        20.00     1.25     22.00     0.00
Inland SW         20.00     1.25     22.50     0.50
4-Corners         20.00     2.50     21.50     0.75
Central Rockies   17.75     0.00     18.75     0.25
__________________________________________________________
Off-Peak(Light)
                   Low     Change     High    Change
NW/N. Rockies     15.00     0.50     16.00     0.75
Mid-Columbia      15.00     0.50     16.00     0.75
COB               16.50     2.25     17.00     1.00
N. California     16.50     1.00     18.00     0.75
Midway/Sylmar       NA       NA        NA       NA
S. California     15.00     0.00     17.25     0.25
Mead              14.00    -0.50     14.75    -1.00
Palo Verde        13.20    -0.80     15.00    -1.25
Inland SW         13.20    -0.80     15.00    -1.25
4-Corners         13.00    -0.50     14.00    -1.00
Central Rockies   14.25    -0.25     15.50    -0.50
__________________________________________________________
And the Winner Is???

Day-ahead peak power prices in the Western U.S. rose slightly Tuesday on
revised weather forecasts calling for colder temperatures over the next few
days.  The most significant cooling was expected in the Northwest, where
heating demand was forecast to climb to above-normal levels by week's end.
"They've got plenty of hydro in the Northwest and that's what limited the
upside, but that also means there's less power available from the north, so
our prices went up a little as well," said one Southern California utility
trader.  Many players anticipated more strength on Wednesday as the colder
weather draws closer, but most expected the upside to be limited due to the
abundant hydropower and relatively soft spot gas prices.  I


Message-ID: <32523022.1075851599488.JavaMail.evans@thyme>
Date: Wed, 1 Aug 2001 06:05:14 -0700 (PDT)
From: m..schmidt@enron.com
Subject: Enron Mentions
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Why it pays to be green Kyoto Wallflowers
U.S. News & World Report, 08/06/01
Some Energy Executives Urge U.S. Shift on Global Warming
The New York Times, 08/01/01
Calif. energy crisis gives Mirant a profit boost Daily Investing Report
The Atlanta Constitution, 08/01/01
More Energy Advisors May Have Conflicts Disclosure: Two officials of a Pasadena consulting firm bought large amounts of Edison International stock just before landing contract with the state.
Los Angeles Times, 08/01/01
COMPANIES & FINANCE THE AMERICAS: Enron powers ahead despite a big black mark: Poorly performing broadband unit has helped to halve group's share price, writes Julie Earle:
Financial Times, Aug 1, 2001
Shock therapy
The Economic Times, 08/01/01

US Exim set to move SC on Dabhol row
The Times of India, 08/01/01

Reliance's Ambani on Enron's $3 Bln India Project: Comment
Bloomberg, 08/01/01

Reliance Not Interested in Enron India Project, Official Says
Bloomberg, 08/01/01

RIL not to pick up Enron pie
Business Standard, 08/01/01

Embattled Rep. Condit continues fund-raising, campaign spending
Associated Press Newswires, 07/31/01

Calif Gov Won't Fire Spokesman For Calpine Stock Purchase
Dow Jones Energy Service, 07/31/01

Calif Power-Contract Negotiator Bought GE, Enron Stock
Dow Jones Energy Service, 07/31/01

USA: Texas retail power deregulation starts slowly, smoothly.
Reuters English News Service, 07/31/01

Northwest utilities seek millions in refunds - some from neighbors
Associated Press Newswires, 07/31/01
PUERTO RICO: Mirant to buy Puerto Rican power plant, LNG terminal.
Reuters English News Service, 07/31/01

Business & Technology; Sidebar
Why it pays to be green Kyoto Wallflowers
Kevin Whitelaw

08/06/2001
U.S. News & World Report
30
(Copyright 2001)

When President Bush dismissed the Kyoto climate change treaty as "fatally flawed," he meant to spare American companies from paying dearly to control pollution. But now that about 180 countries have pushed ahead with the pact without the United States, American businesses with overseas operations are wondering if they'd be better off at the dance than on the sidelines.
Under the treaty, companies that reduce their own emissions of greenhouse gases can sell credits--essentially "licenses to pollute"- -to other businesses. But the fine print is still unclear. So U.S. companies such as chemical giant DuPont, which is already cutting its greenhouse gas emissions, may never get to earn Kyoto credits for reductions inside U.S. borders. "The United States will now have less influence over the development of the protocol and the rules governing it," says Daniel Lashof, a climate-change scientist at the Natural Resources Defense Council.
There may be other unintended consequences. The Kyoto treaty, without the United States, will become a giant commodity exchange, with companies and countries swapping emissions credits--but it might not end up cutting pollution. That's because the market for credits may tilt out of balance. Countries of the former Soviet Union, for example, will pocket extra credits because the post-Communist industrial collapse reduced emissions there. They'd be sellers. The brokers will be companies such as energy giant Enron, which hopes to dominate a new commodity market for emissions credits.
Where are the buyers? David Victor at the Council on Foreign Relations doubts there will be many. Take away American industry, which spits the most carbon dioxide into the atmosphere by far, and there might not be e


Message-ID: <12880656.1075863296468.JavaMail.evans@thyme>
Date: Thu, 30 Aug 2001 19:26:28 -0700 (PDT)
From: 40enron@enron.com
Subject: EnTouch Newsletter
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X-From: EWS Public Relations@ENRON <IMCEANOTES-EWS+20Public+20Relations+40ENRON@ENRON.com>
X-To: En Touch Newsletter List@ENRON <??SEn Touch Newsletter List@ENRON>
X-cc:
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X-Folder: \Williams III, Bill (Non-Privileged)\Bill Williams III
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United Way 2001
THANK YOU to everyone who has participated in this year's United Way Campaign!
          Together we are Building Houston's Future.

We have good news for those of you who have not yet had a chance to participate - the campaign has been extended through this week.

As of 8:00 am on Thursday, August 30, EWS had reached $1,301,684 in pledges.  While we have reached our campaign goal of $1,276,000, our employee participation rate remains a disappointing 77.31%.  In fact, there are still 919 employees who have yet to access the system and indicate a choice to pledge or not to pledge.  Regardless of your decision, please log on to http://home.enron.com and click on the United Way Building Houston's Future logo, or you can call or e-mail Eric Thode with your pledge.  The system will send a confirmatory e-mail to you to check for accuracy and keep for your records.

Below are the pledge totals and participation rates by business unit/functional group:

	GROUP			PLEDGES	% Participation Rate
	EA			$217,213	80.87%	(114 employees unaccounted for)
	EBS			$164,779	47.24%	(363 employees unaccounted for)
	EEOS			$81,131		95.57%	(9 employees unaccounted for)
	EEL/Exec. Office	$87,627		84.62%	(4 employees unaccounted for)
	EGM			$185,412	83.69%	(61 employees unaccounted for)
	EIM			$101,116	93.19%	(13 employees unaccounted for)
	ENW			$273,384	78.80%	(347 employees unaccounted for)
	EWS Bus. Analysis	$39,743		100.00%
	EWS Bus. Dev.		$17,198		100.00%
	EWS HR		$22,059		90.14%	(7 employees unaccounted for)
	EWS Legal		$69,128		100.00%
	EWS Research		$24,913		100.00%
	EWS Treasury		$17,981		100.00%

From a corporate perspective, EWS is in 2nd place in % of goal reached and 3rd place in participation rate.  Here are the other groups' totals:

	GROUP			PLEDGES	% Participation		% of Goal
	ETS			$305,869	95.33%			88.40%
	Corporate		$810,967	75.59%			103.31%
	EES			$479,335	80.00%			97.23%

To make your pledge, you will need your GIS ID and password in order to complete the pledge process. Your GIS ID is an eight-digit number that starts with a 9. If you do not know your GIS ID, or if you have problems, please call the GIS Help Desk at ext. 3-5666.

BUSINESS HIGHLIGHTS

Enron Global Markets
Enron Global Risk Markets (GRM) is pleased to announce the financial close of Project Ranch. This transaction involved an insurance wrap on a Volumetric Production Payment (VPP) consummated by Enron Capital Resources in February 2001. As part of this deal, Enron was able to successfully syndicate upstream reserve and operations risk to the insurance markets. The convergence of Insurance and Capital Markets is still a novel concept in the world of finance and Enron is proud to be one of the first companies to be involved in a transaction of this kind. Special mention should be made of the GRM deal team (Doug Jones, Rafi Khan, Tony Wolfe, Sebastien Saubier, Brian Cohen) and of the Global Finance team (Tim Proffitt, Nora Dobin, Chris Herron, Ying Liu) for their very hard work and dedication to the deal.

Enron Engineering and Operational Services
Since May, EEOS has been providing operational support at the Cuiaba, Brazil facility, a 450 MW combined cycle plant.  Our team members have consisted of John Krupski and Yaser Tobeh from the Houston office, Don Schmidt from New Albany, Derrick Skerritt and Howard Peel from our Teeside operations in the UK.

John, Yaser, Don, Derrick and How

EWS Public Relations@ENRON
En Touch Newsletter List@ENRON

790 billion

Enron Wholesale Services Best


Message-ID: <11709787.1075846127803.JavaMail.evans@thyme>
Date: Tue, 11 Jul 2000 07:56:00 -0700 (PDT)
From: kay.mann@enron.com
To: sheila.tweed@enron.com
Subject: Titan Land Development, LLC; Pontiac Letter of Intent
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Kay Mann
X-To: Sheila Tweed
X-cc:
X-bcc:
X-Folder: \Kay_Mann_June2001_4\Notes Folders\'sent mail
X-Origin: MANN-K
X-FileName: kmann.nsf

FYI.

I know it is because I'm new to the game, but I find this stuff interesting.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/11/2000 02:55
PM ---------------------------

Fred Mitro@ECT
07/11/2000 02:29 PM
To: Ben Jacoby/HOU/ECT@ECT
cc: Rusty Stevens/Corp/Enron@ENRON, Kay Mann/Corp/Enron@Enron

Subject: Titan Land Development, LLC; Pontiac Letter of Intent

Ben:

Attached is the ComEd Letter of Intent to interconnect at the Pontiac TSS.
Under the guidelines of Appendix K of ComEd's Open Access Transmission
Tarriff, we are required to execute this LOI within 15 days of the date of
receipt (7/7/00) in order to maintain our current position (6/12/00) in the
ComEd queue.  If we execute after 7/22/00, then the date our date in the
ComEd queue becomes the date of execution of the LOI.

Appendix K provides that once the LOI is executed, ComEd shall provide Enron
with an Interconnection Study (IS)  and Project Diagram (PD) within 45 days
(ComEd has the option to extend another 30 days, if needed).  The IS and PD
will provide Enron with a description of the upgrades required and an
estimate of the proposed allocation of the cost to interconnect.  The IS and
PD do not provide Enron with information on transmission availability (ie
ATC), this would be addressed by the Interconnection Feasibility Study
currently in progress by ComEd (I am expecting the results of this IFS in the
next 2-3 weeks).

ComEd informed me in a discussion yesterday afternoon that their current
interpretation of AppendixK provides that if the commercial start date of a
proposed IPP project is delayed, that there is no impact to that proposed
projects' queue position relative to competing projects provided that all
interconnection milestones (LOI, PD, Notice To Proceed, and IA) remain
current.  ComEd further indicated that such a delay would result in a project
with an inferior queue position (i.e. Wizvest) being charged with the
necessary system upgrade costs even though their project would come on line
prior to the project with the superior queue position.  I will request that
this interpretation be confirmed by ComEd in writing to Enron. (This
interpretation obviously has a large value implication for the Torrence site
relative to the Wizvest planned '01 interconnect).

I will review this letter on the plane to Houston this afternoon.  I believe
that it authorizes ComEd to spend up to $100K on engineering related to the
interconnect design.  It also addresses the ordering and payment
responsibilities for long-lead equipment required to facilitate the proposed
interconnection.  Based upon our development budget discussions earlier this
week,  we obviously do not want to incurr long-lead equipment charges prior
to having a clear value proposition in our sights.  I will have
recommendations ready for you on these issues by Wednesday.  I am
simaltaneously forwarding it to Kay Mann for her review so that we will be in
a position to move forward to execution prior to 7/22 if we choose to do so.
From a legal standpoint, this is ComEd's boilerplate LOI.  I believe that we
executed a similar LOI for Wilton Center in early 1999 under Des Plaines
Green Land Development, L.L.C.

Call me if you wish to discuss.

Fred
---------------------- Forwarded by Fred Mitro/HOU/ECT on 07/07/2000 05:43 PM
---------------------------

<Bruce.L.Tanouye@ucm.com> on 07/07/2000 04:20:33 PM
To: fred.mitro@enron.com
cc: Robert.D.Koszyk@ucm.com, Carter.C.Culver@ucm.com
Subject


Message-ID: <33063227.1075840513507.JavaMail.evans@thyme>
Date: Wed, 1 May 2002 08:45:34 -0700 (PDT)
From: chris.germany@enron.com
To: phil.polsky@enron.com
Subject: RE: MCV Replacement Pricing
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X-From: Germany, Chris </O=ENRON/OU=NA/CN=RECIPIENTS/CN=CGERMAN>
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X-cc:
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April prices
		Inside Ferc	Per Midland
ANR LA		3.31		3.3125		Looks good
Pepl		3.29		3.3345		appears high by about $.0245 but not way off.
Trk Tx		3.28		3.28		Trunkline should be an average but this is great, our price would have been $3.305
Trk La		3.33		3.28

 -----Original Message-----
From: 	Polsky, Phil
Sent:	Wednesday, May 01, 2002 9:53 AM
To:	Germany, Chris
Subject:	MCV Replacement Pricing

Attached is a spreadsheet containing what MCV is claiming is due to them for non-deliveries for April.  Do you think the replacement price makes sense?

 -----Original Message-----
From: 	Renee Schroll <RJSchroll@midcogen.com>@ENRON
Sent:	Wednesday, May 01, 2002 9:51 AM
To:	Polsky, Phil
Subject:	RE: Payment discrepancies

Phil:
Here is a quick spreadsheet showing the detail to the invoice.  Hope this
helps.
Ren?e

-----Original Message-----
From: Philip.Polsky@enron.com [mailto:Philip.Polsky@enron.com]
Sent: Wednesday, May 01, 2002 10:40 AM
To: RJSchroll@midcogen.com
Subject: RE: Payment discrepancies

Thanks Renee.  Is there anyway you could scan and send me the the invoice
you sent us for $384,975 (your Control Number 103027)?  I have a faxed
copy, but the numbers are difficult to read on it.  Otherwise, maybe you
could just send me a spreadsheet with the numbers on there?

Thanks,
Phil Polsky
Wholesale Natural Gas Group
Enron North America
PH: (713)853-5181
F: (713)646-3037
E-Mail: philip.polsky@enron.com

    -----Original Message-----
   From:   Renee Schroll <RJSchroll@midcogen.com>@ENRON
   Sent:   Wednesday, May 01, 2002 9:11 AM
   To:     Polsky, Phil
   Subject:  Payment discrepancies

   Phil:

   After quickly looking at invoices since Jan 2000, it appears the
   majority of
   the problems started to occur in early 2001. There are only small
   rounding
   differences occurring in 2000. It also looks like there were several
   months
   where MCV overpaid the Enron invoice to comply with the contract price.

   Let me know if you need further information from me.

   Ren?e Schroll
   Mgr, Gas Financial Reporting
   Midland Cogeneration Venture

   PH   (989) 633-7854
   FAX (989) 633-7857

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************

 - Enron Deficiency for April.xls << File: Enron Deficiency for April.xls >>


Message-ID: <9394500.1075840152013.JavaMail.evans@thyme>
Date: Mon, 23 Apr 2001 17:06:00 -0700 (PDT)
From: morris@enron.com
To: larimore@enron.com, jordan.larimore@lehman.com
Subject: The Morning Market Call - Monday April 23rd, 2001.
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: 7bit
X-From: Morris, David C.
X-To: Larimore, Jordan R.  <Jordan.Larimore@lehman.com>
X-cc:
X-bcc:
X-Folder: \jskillin\Inbox
X-Origin: SKILLING-J
X-FileName: jskillin.pst

 <<MF April 23rd 2001.pdf>>

			Good Monday Morning - Comments From The Local Guys!

At the end of 2000, a new Federal Insider-Trading Rule (Rule 10b5-1) was
adopted by the SEC under the Securities Exchange Act of 1934. This rule
greatly enhances an insider's/employee's ability to trade his/her corporate
shares during blackout periods.

We, the Local Guys would like our readers to know of this new rule change
because of its significant advantages over the prior insider trading rules.
Previously, without the protection of this new SEC rule, employees and
insiders could safely trade only outside of designated blackout windows.

Under this new rule, insiders/employees may have the ability to purchase and
sell their corporate shares even during blackout periods if a written plan
was established and in force when the insider/employee was not in possession
of material, non-public information.  The new rule contains other
restrictions and should be reviewed carefully.

Lehman Brothers has established a turn-key plan that take into account the
regulatory procedures for establishing such a plan.

Please email us or call us for more information.

The 30-year US T-Bond yield is 5.72%.
The 10-year yield is 5.18%.
The 5-year is trading at 4.69%.
Spot crude oil is trading at $27.81 p/b.
Natural Gas - Henry Hub -  is trading at $5.12 p/mcf.

AD Time:
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issues.

- We welcome hearing from you! Call us toll-free at 1-800-227-4537.

				Lehman's Research.

IMPACT CALLS

Oracle Corp(ORCL) 2 - Buy N. Herman, .212.526.6093
Near-term WorriesDowngrade Oracle to a 2 (C)
OLD NEW STREET P/E
Price: $19.75 EPS 2000 N/A $0.34 N/A N/A
52 Wk Ra: $46 - 13 EPS 2001 $0.44E $0.44E $0.44E 44.9
Mkt Cap: $118.8B EPS 2002 $0.55E $0.49E $0.52E 40.3
FY: 5/31 Price Target $50 $50
Rank 1 2
*Although its still early in the quarter, we worry that what is typically a
seasonally strong quarter for Oracle could prove to be
unusually weak given the tough U.S. macroeconomic environment and
potentially weakening conditions in international markets.
*Apparently, more Sun servers are sold running Oracle software than anything
else. Weak results and guidance from Sun only serve
to compound our near-term worries.
*We believe that IBM with DB2 is exerting some price pressure on Oracle and
is gaining momentum with Morgan Stanley and
Goldman Sachs being two high profile firms making big commitments to DB2.
*With its rise over the last two weeks, shares of Oracle are trading at a
significant premium to the historic range both on a PE and
revenue multiple basis despite near-term uncertainty. Lowering earnings
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A Communications Component Giant is Unleashed (C)
OLD NEW STREET P/E
Price: $7.57 EPS 2000 N/A $0.32 N/A N/A
52 Wk Ra: $8 - 4 EPS 2001 N/A -$0.05E N/A N/A
Mkt Cap: $12.4B EPS 2002 N/A -$0.07E N/A N/A
FY: 12/31 Price Target N/A N/A
Ra


Message-ID: <2284890.1075851639911.JavaMail.evans@thyme>
Date: Mon, 10 Sep 2001 09:25:41 -0700 (PDT)
From: legal <.hall@enron.com>
To: susan.mara@enron.com, pr <.palmer@enron.com>, karen.denne@enron.com,
	jeff.dasovich@enron.com, alan.comnes@enron.com, d..steffes@enron.com,
	ray.alvarez@enron.com, richard.shapiro@enron.com,
	christian.yoder@enron.com, tim.belden@enron.com
Subject: Powergate
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Hall, Steve C. (Legal) </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SHALL4>
X-To: Mara, Susan </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Smara>, Palmer, Mark A. (PR) </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mpalmer>, Denne, Karen </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Kdenne>, Dasovich, Jeff </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jdasovic>, Comnes, Alan </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Acomnes>, Steffes, James D. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jsteffe>, Alvarez, Ray </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Ralvare2>, Shapiro, Richard </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rshapiro>, Yoder, Christian </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Cyoder>, Belden, Tim </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Tbelden>
X-cc:
X-bcc:
X-Folder: \Dasovich, Jeff (Non-Privileged)\Dasovich, Jeff\Inbox
X-Origin: DASOVICH-J
X-FileName: Dasovich, Jeff (Non-Privileged).pst

I am cheered to see Dow Jones reporting on the ISO's illegal practices.  Below are some CAISO citations I found that forbid the ISO from making OOM purchases from CDWR.  Interestingly, the ISO's OOM purchases would constitute "gaming" under the CAISO tariff's Market Monitoring and Information Protocol (MMIP).  We should consider having IEP request that the Market Monitoring division of the ISO investigate whether the ISO is in violation of its Tariff.  Perhaps the ISO would acknowledge its errors; more likely not, but such action would only give more evidence to FERC that the ISO's governing board lacks independence.

CAISO Tariff Section 2.5.8:

"The ISO shall operate a competitive Day-ahead and Hour-Ahead market to procure Ancillary Services.  It shall purchase Ancillary Services capacity at least cost to End-Use Customers consistent with maintaining system reliability. . . ."

CAISO Tariff Section 2.5.1:

". . .Those Ancillary Services which the ISO requires to be available but which are not being self provided will be competitively procured by the ISO from Scheduling Coordinators in the Day-ahead Market, the Hour-Ahead Market and in real time or by longer term contracts.

CAISO Tariff Section 2.5.12(a):

"The ISO shall not differentiate between bidders other than through price and capability to provide the [ancillary] service, and the required locational mix of services;. . . ."

CAISO Dispatch Protocol sections:

DP 8.1.1  "During real time Dispatch, the ISO will be responsible for dispatching Generating Units, Curtailable Demands and Interconnection schedules to meet real time imbalances between actual and scheduled Demand and Generation and to relieve Congestions, if necessary, to ensure System Reliability and to maintain Applicable Reliability Crister.

DP 8.2.  "To achieve this, the ISO Control Center will utilize the merit order stack of available resources prepared pursuant to the SP through BEEP."

DP 8.6.3 (c):  "the ISO shall select the Generating Units, Curtailable Demands and Interconnection schedules to be dispatched to meet its balancing Energy requirements based on the merit order stack of Energy bid prices produced by BEEP;"

DP 10.2.3 (b)  "The ISO will not intervene in the operation of the Day-Ahead Market unless there has been a total or major collapseof the ISO Controlled Grid and the ISO is in the process of restoring it."

CAISO's Operating Procedures for Balancing Energy and Ex-Post Pricing, Section 2.2, Out of Market Request Log Example:

"This type of request [OOM purchase---sch] should not be used unless there is a valid reason, such as system emergency or rapidly deteriorating system conditions.  It is important that ALL

115 million loss over the last
2015 H Street


Message-ID: <19976581.1075859678578.JavaMail.evans@thyme>
Date: Tue, 28 Nov 2000 04:23:00 -0800 (PST)
From: smarra@isda.org
To: rainslie@isda.org, yoshitaka_akamatsu@btm.co.jp,
	shigeru_asai@sanwabank.co.jp, kbailey2@exchange.ml.com,
	douglas.bongartz-renaud@nl.abnamro.com, brickell_mark@jpmorgan.com,
	henning.bruttel@dresdner-bank.com, sebastien.cahen@socgen.com,
	scarey@isda.org, jcohn@cravath.com, mcresta@cravath.com,
	dcunning@cravath.com, mcunningham@isda.org,
	jerry.delmissier@barclayscapital.com, shawn@blackbird.net,
	evangelisti_joe@jpmorgan.com, francois@us.cibc.com,
	tim.fredrickson@ubsw.com, gilbert_adam@jpmorgan.com,
	goldenj@allenovery.com, rgrove@isda.org, mark.e.haedicke@enron.com,
	fwhx9396@mb.infoweb.ne.jp, jhb1@bancosantander.es,
	quentin_hills@hk.ml.com, yhoribe@isda.org, milphil@gateway.net,
	skawano@isda.org, hiroyuki_keisho@sanwabank.co.jp,
	stevenkennedy@kennedycom.com, damian.kissane@db.com,
	kazuhiko_koshikawa@sanwabank.co.jp, isdalondon@isda.org,
	robert.mackay@nera.com, markb@cibc.ca,
	marjorie.b.marker@arthurandersen.com, lmarshall@isda.org,
	donna.matthews@ubsw.com, mengle_david@jpmorgan.com,
	tom.montag@gs.com, dmoorehead@pattonboggs.com, jonm@crt.com,
	yasumasa.nishi@ibjbank.co.jp, dennis.oakley@chase.com,
	losullivan@isda.org, ernest.patrikis@aig.com, rpickel@isda.org,
	maria.rosario@db.com, arothrock@pattonboggs.com, rryan@isda.org,
	maurits.schouten@csfb.com, charlessmithson@mindspring.com,
	ksumme@isda.org, teruo.tanaka@ibjbank.co.jp,
	steve_targett@nag.national.com.au, mark.wallace@wdr.com,
	h.ronald.weissman@arthurandersen.com, twerlen@cravath.com,
	paul.zz_wilkinson@wdr.com, dpd@aurora.dti.ne.jp,
	chi-wing.yuen@aig.com
Subject: ISDA PRESS REPORT FOR TUESDAY, NOVEMBER 28, 2000
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Scott Marra <SMARRA@isda.org>
X-To: Ruth Ainslie <RAinslie@isda.org>, "'Yoshitaka Akamatsu'" <yoshitaka_akamatsu@btm.co.jp>, Shigeru Asai <Shigeru_Asai@sanwabank.co.jp>, Keith Bailey <kbailey2@exchange.ml.com>, Douglas Bongartz-Renaud <douglas.bongartz-renaud@nl.abnamro.com>, Mark Brickell <brickell_mark@jpmorgan.com>, Henning Bruttel <Henning.Bruttel@dresdner-bank.com>, Sebastien Cahen <sebastien.cahen@socgen.com>, Stacy Carey <SCAREY@ISDA.ORG>, Josh Cohn <jcohn@cravath.com>, "'Marjorie Cresta (Cravath)'" <mcresta@cravath.com>, Daniel Cunningham <dcunning@cravath.com>, Mary Cunningham <MCUNNINGHAM@isda.org>, Jerry del Missier <jerry.delmissier@barclayscapital.com>, "'Shawn Dorsch (Derivatives Net)'" <shawn@blackbird.net>, "'Joseph Evangelisti (JP Morgan)'" <evangelisti_joe@jpmorgan.com>, "'George Francois (CIBC)'" <francois@us.cibc.com>, Tim Fredrickson <tim.fredrickson@ubsw.com>, "'gilbert_adam@jpmorgan.com'" <gilbert_adam@jpmorgan.com>, Jeff Golden <goldenj@allenovery.com>, Richard Grove <RGROVE@isda.org>, Mark Haedicke <Mark.E.Haedicke@enron.com>, "'Tsuyoshi Hase'" <fwhx9396@mb.infoweb.ne.jp>, Jose Manuel Hernandez-Beneyto <jhb1@bancosantander.es>, "'Quentin Hills'" <Quentin_hills@hk.ml.com>, Yasuko Horibe <YHORIBE@isda.org>, "'Michael Iver'" <milphil@gateway.net>, Shigeki Kawano <SKawano@isda.org>, Hiroyuki Keisho <Hiroyuki_Keisho@sanwabank.co.jp>, "'stevenkennedy@kennedycom.com'" <stevenkennedy@kennedycom.com>, Damian Kissane <damian.kissane@db.com>, Kazuhiko Koshikawa <kazuhiko_koshikawa@sanwabank.co.jp>, ISDA LONDON OFFICE <ISDALONDON@isda.org>, Robert Mackay <robert.mackay@nera.com>, Robert Mark <markb@cibc.ca>, Marjorie Marker <marjorie.b.marker@arthurandersen.com>, Louise Marshall <LMarshall@isda.org>, "'Donna.Matthews@ubsw.com'" <Donna.Matthews@ubsw.com>, "'David Mengle (JP Morgan)'" <mengle_david@jpmorgan.com>, Thomas Montag <tom.montag@gs.com>, Don Moorehead <dmoorehead@pattonboggs.com>, Jonathan Moulds <jonm@crt.com>, "'Yasumasa Nishi (IBJ)'" <yasumasa.nishi@ibjbank.co.jp>, Dennis Oakley <dennis.oakley@chase.com>, "Liz O'Sullivan" <LOSULLIVAN@isda.org>, Ernest Patrikis <ernest.

3 trillion
with the bulk of trading taking place


Message-ID: <32067928.1075859787322.JavaMail.evans@thyme>
Date: Thu, 1 Mar 2001 01:52:00 -0800 (PST)
From: smarra@isda.org
To: tmorita@isda.org, rainslie@isda.org, yoshitaka_akamatsu@btm.co.jp,
	shigeru_asai@sanwabank.co.jp, kbailey2@exchange.ml.com,
	douglas.bongartz-renaud@nl.abnamro.com, brickell_mark@jpmorgan.com,
	henning.bruttel@dresdner-bank.com, sebastien.cahen@socgen.com,
	scarey@isda.org, jcohn@cravath.com, mcresta@cravath.com,
	dcunning@cravath.com, mcunningham@isda.org,
	jerry.delmissier@barclayscapital.com, shawn@blackbird.net,
	evangelisti_joe@jpmorgan.com, francois@us.cibc.com,
	tim.fredrickson@ubsw.com, gilbert_adam@jpmorgan.com,
	goldenj@allenovery.com, mark.e.haedicke@enron.com,
	fwhx9396@mb.infoweb.ne.jp, jhb1@bancosantander.es,
	quentin_hills@hk.ml.com, yhoribe@isda.org, milphil@gateway.net,
	skawano@isda.org, hiroyuki_keisho@sanwabank.co.jp,
	stevenkennedy@kennedyco.com, damian.kissane@db.com,
	kazuhiko_koshikawa@sanwabank.co.jp, robert.mackay@nera.com,
	markb@cibc.ca, marjorie.b.marker@us.arthurandersen.com,
	lmarshall@isda.org, donna.matthews@ubsw.com,
	mengle_david@jpmorgan.com, tom.montag@gs.com,
	dmoorehead@pattonboggs.com, jonm@crt.com,
	yasumasa.nishi@ibjbank.co.jp, dennis.oakley@chase.com,
	losullivan@isda.org, ernest.patrikis@aig.com, rpickel@isda.org,
	maria.rosario@db.com, arothrock@pattonboggs.com, rryan@isda.org,
	maurits.schouten@csfb.com, charlessmithson@mindspring.com,
	ksumme@isda.org, teruo.tanaka@ibjbank.co.jp,
	steve_targett@nag.national.com.au, mark.wallace@wdr.com,
	h.ronald.weissman@us.arthurandersen.com, twerlen@cravath.com,
	dpd@aurora.dti.ne.jp, chi-wing.yuen@aig.com, apapesch@isda.org,
	nlim@isda.org, kdhulster@isda-eur.org, esebton@isda-eur.org,
	cirens@isda-eur.org, rmetcalfe@isda-eur.org, mhitchcock@isda-eur.org,
	kengelen@isda.org
Subject: ISDA PRESS REPORT - MARCH 1, 2001
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Scott Marra <SMARRA@isda.org>
X-To: Tomoko Morita <TMorita@isda.org>, Ruth Ainslie <RAinslie@isda.org>, "'Yoshitaka Akamatsu'" <yoshitaka_akamatsu@btm.co.jp>, Shigeru Asai	 <Shigeru_Asai@sanwabank.co.jp>, Keith Bailey <kbailey2@exchange.ml.com>, Douglas Bongartz-Renaud <douglas.bongartz-renaud@nl.abnamro.com>, Mark Brickell <brickell_mark@jpmorgan.com>, Henning Bruttel	 <Henning.Bruttel@dresdner-bank.com>, Sebastien Cahen	 <sebastien.cahen@socgen.com>, Stacy Carey <SCAREY@ISDA.ORG>, Josh Cohn	 <jcohn@cravath.com>, "'Marjorie Cresta (Cravath)'" <mcresta@cravath.com>, Daniel Cunningham <dcunning@cravath.com>, Mary Cunningham	 <MCUNNINGHAM@isda.org>, Jerry del Missier	 <jerry.delmissier@barclayscapital.com>, "'Shawn Dorsch (Derivatives Net)'" <shawn@blackbird.net>, "'Joseph Evangelisti (JP Morgan)'" <evangelisti_joe@jpmorgan.com>, "'George Francois (CIBC)'" <francois@us.cibc.com>, Tim Fredrickson	 <tim.fredrickson@ubsw.com>, "'gilbert_adam@jpmorgan.com'"	 <gilbert_adam@jpmorgan.com>, Jeff Golden <goldenj@allenovery.com>, Mark Haedicke <Mark.E.Haedicke@enron.com>, "'Tsuyoshi Hase'"	 <fwhx9396@mb.infoweb.ne.jp>, Jose Manuel Hernandez-Beneyto	 <jhb1@bancosantander.es>, "'Quentin Hills'" <Quentin_hills@hk.ml.com>, Yasuko Horibe <YHORIBE@isda.org>, "'Michael Iver'" <milphil@gateway.net>, Shigeki Kawano <SKawano@isda.org>, Hiroyuki Keisho	 <Hiroyuki_Keisho@sanwabank.co.jp>, "'stevenkennedy@kennedyco.com'"	 <stevenkennedy@kennedyco.com>, Damian Kissane <damian.kissane@db.com>, Kazuhiko Koshikawa <kazuhiko_koshikawa@sanwabank.co.jp>, Robert Mackay	 <robert.mackay@nera.com>, Robert Mark <markb@cibc.ca>, Marjorie Marker	 <marjorie.b.marker@us.arthurandersen.com>, Louise Marshall	 <LMarshall@isda.org>, "'Donna.Matthews@ubsw.com'"	 <Donna.Matthews@ubsw.com>, "'David Mengle (JP Morgan)'"	 <mengle_david@jpmorgan.com>, Thomas Montag <tom.montag@gs.com>, Don Moorehead <dmoorehead@pattonboggs.com>, Jonathan Moulds	 <jonm@crt.com>, "'Yasumasa Nishi (IBJ)'" <yasumasa.nishi@ibjbank.co.jp>, Dennis Oakle

27 privately owned
Turkish commercial banks to counter the twin shock of a big jump in interest


Message-ID: <6862363.1075863588800.JavaMail.evans@thyme>
Date: Thu, 24 Aug 2000 00:44:00 -0700 (PDT)
From: carla.hoffman@enron.com
To: tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com,
	phillip.platter@enron.com, mike.swerzbin@enron.com,
	diana.scholtes@enron.com, sean.crandall@enron.com,
	matt.motley@enron.com, mark.guzman@enron.com, tom.alonso@enron.com,
	mark.fischer@enron.com
Subject: DJ US Sen. Feinstein Urges Cap For Western US Power Market
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Carla Hoffman
X-To: Tim Belden, Robert Badeer, Jeff Richter, Phillip Platter, Mike Swerzbin, Diana Scholtes, Sean Crandall, Matt Motley, Mark Guzman, Tom Alonso, Mark Fischer
X-cc:
X-bcc:
X-Folder: \Robert_Badeer_Aug2000\Notes Folders\All documents
X-Origin: Badeer-R
X-FileName: rbadeer.nsf

---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/24/2000 07:50
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     08/24/2000 07:13 AM

To: "Golden, Mark" <Mark.Golden@dowjones.com>
cc:  (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ US Sen. Feinstein Urges Cap For Western US Power Market

14:05 GMT  24 August 2000
 DJ US Sen. Feinstein Urges Cap For Western US Power Market

 NEW YORK (Dow Jones)--U.S. Senator Diane Feinstein, D-Calif., on Wednesday
urged
 the Federal Energy Regulatory Commission to place a regionwide cap on
wholesale
 electricity rates for the western United States.

 To date, a price cap of $250 per megawatt-hour has been placed only on
California's
 power market. A regional cap is necessary to avoid "electricity bidding
wars" between
 western states during power shortages that could result in blackouts in
California,
 Feinstein said.

 "As is clearly evident, the energy market in San Diego is not functioning,
at this time,
 as a true market," Feinstein said in a letter to FERC Chairman James J.
Hoecker. "The
 lack of energy generation has produced a dramatic increase in electricity
prices with
 many families and businesses facing energy bills two or three times higher
than normal
 and has led to the possibility of wholesale price gouging."

 Feinstein also supported President Clinton's use Wednesday of $2.6 million
in
 emergency energy assistance funds for low income households, and special
credit
 programs for small businesses.

 -By James Covert, Dow Jones Newswires; 201-938-2061;
james.covert@dowjones.com
 Copyright (c) 2000, Dow Jones & Company Inc

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.

 <<Gunther Pergher (E-mail).vcf>>
 - Gunther Pergher (E-mail).vcf


Message-ID: <26779260.1075840759351.JavaMail.evans@thyme>
Date: Thu, 17 Jan 2002 22:04:18 -0800 (PST)
From: enerfaxtext@enerfax.com
To: vkamins@enron.com
Subject: Natural Gas Futures Drop on Technicals
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Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
              Friday, January 18 2002 No. 908
Visit: http://www.enerfax.com/ or for Oil Prices & News
http://www.enerfaxgold.com/
PHYSICAL NATURAL GAS PRICES
Gulf/Eastern Region
| Agua Dulce              | 2.29  |
| ANR SE                  | 2.36  |
| Carthage TG             | 2.34  |
| Chicago Citygate        | 2.38  |
| Columbia Gulf Onshore   | 2.36  |
| Dominion South Point    | 2.54  |
| Henry Hub               | 2.41  |
| Houston Ship Channel    | 2.40  |
| Katy Hub                | 2.34  |
| NGPL LA Pool            | 2.35  |
| NGPL - Midcontinent     | 2.28  |
| NGPL STX                | 2.30  |
| NGPL TX/OK              | 2.32  |
| NNG Demarc.             | 2.34  |
| Niagara                 | 2.60  |
| Sonat Tier 1            | 2.36  |
| TCO IPP Pool            | 2.50  |
| Tetco ELa               | 2.40  |
| Tetco M-3               | 2.84  |
| Tetco STX               | 2.32  |
| TGP Zone 0              | 2.30  |
| TGP Zone 1 (500 Leg)    | 2.36  |
| TGT Zone SL             | 2.37  |
| New York Citygate       | 2.97  |
| Transco Station 65      | 2.42  |
| Transco Zone 6 (NY)     | 2.97  |
| Trunk ELa               | 2.34  |
| Western Region
| California Border       | 2.35  |
| El Paso Keystone        | 2.25  |
| El Paso San Juan-Blanco | 2.22  |
| Waha Hub                | 2.28  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 3.02  |
| Dawn Hub/Union          | 2.43  |
| Northwest Stanfield     | 2.20  |
| Wyoming Pool            | 2.15  |
| Opal                    | 2.15  |
| PGT-Malin               | 2.27  |
| Sumas                   | 2.21  |
           Flow Date 1/18
-------------------------------------------------------------

NATURAL GAS FUTURES
Henry Hub
12 Month Strip  2.5389 -0.0781
18 Month Strip  2.6527 -0.0647
| Month | High  |  Low  | Close | Change |
| FEB   | 2.274 | 2.245 | 2.254 | -0.140 |
| MAR   | 2.269 | 2.250 | 2.254 | -0.109 |
| APR   | 2.305 | 2.290 | 2.291 | -0.092 |
| MAY   | 2.380 | 2.380 | 2.359 | -0.087 |
| JUN   | 2.440 | 2.425 | 2.419 | -0.087 |
| JUL   | 2.500 | 2.500 | 2.489 | -0.077 |
| AUG   | 2.610 | 2.515 | 2.535 | -0.071 |
| SEP   | 2.605 | 2.520 | 2.536 | -0.063 |
| OCT   | 2.630 | 2.540 | 2.557 | -0.064 |
| NOV   | 2.815 | 2.710 | 2.767 | -0.049 |
| DEC   | 2.968 | 2.968 | 2.962 | -0.049 |
| JAN   | 3.050 | 3.050 | 3.044 | -0.049 |
-------------------------------------------------------------
-

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Message-ID: <30782162.1075863603135.JavaMail.evans@thyme>
Date: Thu, 24 Aug 2000 00:44:00 -0700 (PDT)
From: carla.hoffman@enron.com
To: tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com,
	phillip.platter@enron.com, mike.swerzbin@enron.com,
	diana.scholtes@enron.com, sean.crandall@enron.com,
	matt.motley@enron.com, mark.guzman@enron.com, tom.alonso@enron.com,
	mark.fischer@enron.com
Subject: DJ US Sen. Feinstein Urges Cap For Western US Power Market
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Carla Hoffman
X-To: Tim Belden, Robert Badeer, Jeff Richter, Phillip Platter, Mike Swerzbin, Diana Scholtes, Sean Crandall, Matt Motley, Mark Guzman, Tom Alonso, Mark Fischer
X-cc:
X-bcc:
X-Folder: \Robert_Badeer_Aug2000\Notes Folders\Dj articles
X-Origin: Badeer-R
X-FileName: rbadeer.nsf

---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/24/2000 07:50
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     08/24/2000 07:13 AM

To: "Golden, Mark" <Mark.Golden@dowjones.com>
cc:  (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ US Sen. Feinstein Urges Cap For Western US Power Market

14:05 GMT  24 August 2000
 DJ US Sen. Feinstein Urges Cap For Western US Power Market

 NEW YORK (Dow Jones)--U.S. Senator Diane Feinstein, D-Calif., on Wednesday
urged
 the Federal Energy Regulatory Commission to place a regionwide cap on
wholesale
 electricity rates for the western United States.

 To date, a price cap of $250 per megawatt-hour has been placed only on
California's
 power market. A regional cap is necessary to avoid "electricity bidding
wars" between
 western states during power shortages that could result in blackouts in
California,
 Feinstein said.

 "As is clearly evident, the energy market in San Diego is not functioning,
at this time,
 as a true market," Feinstein said in a letter to FERC Chairman James J.
Hoecker. "The
 lack of energy generation has produced a dramatic increase in electricity
prices with
 many families and businesses facing energy bills two or three times higher
than normal
 and has led to the possibility of wholesale price gouging."

 Feinstein also supported President Clinton's use Wednesday of $2.6 million
in
 emergency energy assistance funds for low income households, and special
credit
 programs for small businesses.

 -By James Covert, Dow Jones Newswires; 201-938-2061;
james.covert@dowjones.com
 Copyright (c) 2000, Dow Jones & Company Inc

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.

 <<Gunther Pergher (E-mail).vcf>>
 - Gunther Pergher (E-mail).vcf


Message-ID: <22047259.1075857350280.JavaMail.evans@thyme>
Date: Thu, 24 Aug 2000 02:53:00 -0700 (PDT)
From: craig.dean@ey.com
To: clint.dean@enron.com
Subject: Related LA Times article
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: "Craig J. Dean" <craig.dean@ey.com>
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X-cc:
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X-FileName: cdean.nsf

---------------------- Forwarded by Craig J. Dean/Southwest/AUDIT/EYLLP/US on
08/24/2000 09:47 AM ---------------------------
From: Randy A. Hyzak on 08/17/2000 02:26 PM
AABS / Audit
Phone Number: (214) 969-8653
Cell Phone: (214) 289-5840       EYComm: 3274992

To: Craig J. Dean/Southwest/AUDIT/EYLLP/US@EY-NAmerica, Ryan
Shultz/Southwest/AUDIT/EYLLP/US@EY-NAmerica, Bill L.
Browning/AABS/EYLLP/US@EY-NAmerica, Michael E.
Coonce/AABS/EYLLP/US@EY-NAmerica, Jason A.
Claro/Southwest/AUDIT/EYLLP/US@EY-NAmerica
cc:
Subject: Related LA Times article

---------------------- Forwarded by Randy A. Hyzak/Southwest/AUDIT/EYLLP/US
on 08/17/2000 02:25 PM ---------------------------

dhyzak@quantaservices.com on 08/17/2000 02:20:08 PM

To: Randy A. Hyzak/Southwest/AUDIT/EYLLP/US@EY-NAmerica,
ghyzak@ashford.com@Internet
cc:
Subject: Related LA Times article

LA TIMES HAS UT #1 AND ON THE CUSP OF ANOTHER DYNASTY

Big Talent and Soft Schedule Have Him Hooked on 'Horns
CHRIS DUFRESNE , Times Staff Writer
AUSTIN, Texas -- They haven't cleared ground yet for the presidential
helipad, but it's starting to feel a bit like the days when coach Darrell K.
Royal roamed the sidelines and Lyndon Baines Johnson literally dropped into
Texas Memorial Stadium.
"We always knew when he was coming, because we could hear the helicopter,"
Royal says of LBJ. "The Texas band would play 'Hail to the Chief.' He loved
that."
At 76, Royal can't shoot his age anymore, but he still shoots a pretty good
breeze.
He is standing next to his cart at the Barton Creek Golf Club, regaling
visitors with tall Texas tales.
"When we were really jelly-rolling it, it was an exciting time," Royal says.

Then, like time, Texas football slipped away.
It has been 24 years since Royal retired and 30 years since he coached the
last of three national championship teams in 1970.
Royal didn't figure to last long enough to see the revival, let alone be a
part of it.
But after a quarter-century of being a football plain state, Texas has gone
retro.
Royal has been summoned back from the pasture he had been put out to, Texan
George W. Bush is 272 electoral votes short of reclaiming the White House,
and Longhorn football may be on the cusp of another dynasty.
Pay no mind to the Associated Press' preseason poll or the coaches' annual
weather-vane tally.
Texas is No. 1.
Yeah, we know--Texas Coach Mack Brown can't believe it either.
"We're in the top 10 in most polls and we lost our last three games?" Brown
says.
Don't bother us with details, Mack, it's time to toot your Longhorns.
We say this knowing Texas may actually be a year away. There are holes to
fill at wide receiver and a quarterback controversy brewing between Major
Applewhite and Chris Simms.
But, cosmically, this is the year Bush and Texas can go over the top
together.
The Longhorns have 18 starters returning from last year's 9-5 team and are
still sock-sorting through three of the best recruiting loads in history.
In two years, Brown has shaken Texas football to its core, not to mention
just about every hand in the state.
The schedule is softer than those box springs over in Sealy. In a
controversial move, Texas backed out of a season-opening game at
much-improved Hawaii and instead will play host to Louisiana Lafayette.
Texas also misses Kansas State and Nebraska in Big 12 Conference play, faces
upstart Oklahoma in Dallas on Oct. 7 and gets archrival Texas A&M on Nov. 24
in Austin.
If the Longhorns can sidestep a couple of potholes--at Stanford on Sept. 16,
at Colorado on Oct. 14--they

1997 was restoring Royal
to the royal court.


Message-ID: <11508564.1075842968783.JavaMail.evans@thyme>
Date: Mon, 11 Sep 2000 23:34:00 -0700 (PDT)
From: venturewire@venturewire.com
To: jdasovic@enron.com
Subject: VentureWire, Tuesday, September 12, 2000
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Technologic Partners <venturewire@venturewire.com>
X-To: jdasovic@enron.com
X-cc:
X-bcc:
X-Folder: \Jeff_Dasovich_Dec2000\Notes Folders\All documents
X-Origin: DASOVICH-J
X-FileName: jdasovic.nsf

======================================================
        VENTUREWIRE --- Tuesday, September 12, 2000
======================================================
           Private Company Business News
------ Published Daily by Technologic Partners -------
           http://technologicpartners.com
======================================================

Top Stories:

o Internet Network Frim Interxion Raises $173 Million Series B
o Government Rejects One Argument in Napster Appeal
o AppleSoup Becomes Flycode After Apple Computer Complains
o Affiliates of Citicorp Venture Capital To Anchor New Fund
o Juniper Financial Holds $94 Million Series B Funding
o Palladium Equity Partners Closes $300 Million Fund

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after funding. Turn to vcapital for your best deal today.
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|||||||||||||||||||||||||||||||||||||||||||||||||||||||

Also in This Issue:

     New Money:
o Oracle ASP Appshop Closes Series A Round with $17 Million
o Digital Music Provider FullAudio Gets $15 Million Round Two
o ICP Company MetStream Closes $4 Million Series A
o NC Virtual Systems Raises $5 Million First Round
o Net Infrastructure Firm Waveset Gets $7.3 Million Round One
o Network Storage Firm Panasas Raises $10 Million Led by MDV
o Online Medical Resource Veritas Raises $8 Million Round One
o Ownership Services Firm Allmystuff Gets $10 Million Series A
o Security Consultant Espiria Gets $6 Million Series A
o Sun & GigaPixel Co-Founders Invest in Multimedia Company
o Supplier Integration Firm RioLabs Has $6 Million First Round
o Web Network Bla-bla Gets $3.25 Million More in Seed Round
o Web Security Firm Ingrian Systems Gets $4 Million Round One
o Wireless Firm Red Jade Gets $10 Million in Initial Funding
o Advice Site AskForFree.com Completes First Round of Funding
o Data Replication Firm Cogenia Raises $1 Million First Round
o Document Exchange Raises $30 Million Led by Apax Partners
o IXEurope Raises $56.8 Million Second Funding Round
o $15 Million Round Two for Latin E-Commerce Enabler Decidir
o Broadband Wireless Firm nBand Closes $14 Million Series B
o CascadeWorks Raises $8 Million in Second Round of Funding
o E-business Firm Event Zero Gets $20 Million Round Two
o Mobile Net Firm Mobilocity Raises $21 Million Second Round
o VoDSL Provider Woodwind Closes $12.2 Million Second Round
o Freelancer Marketplace Guru.com Raises $44 Million C Round
o Net Messaging Provider @Once Closes $8.1 Million Series C
o Data Storage Company 3Ware Secures $43 Million in Series D
o eNIC Gets $4 Million and Commitment for $21 Million More
o New Forum Gets $6 Million, Lamar Alexander Joins Board
o Mobile Communications Software Firm Ecutel Gets $6 Million
o Translation Software Firm Trados Receives $4 Million

     New Products:
o Info, Resource Site for Minority Businesses Announces Launch
o Online Business Info Provider RhondaWorks Launches
o Gilat-To-Home Becomes StarBand Communications
o Local Busines App Firm Dbusiness.com Now LocalBusiness.com


Message-ID: <1113089.1075845456069.JavaMail.evans@thyme>
Date: Sat, 2 Dec 2000 01:47:00 -0800 (PST)
From: john.lavorato@enron.com
To: greg.whalley@enron.com
Subject: The Enron Corporate Policy Committee Retreat
Cc: david.delainey@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: david.delainey@enron.com
X-From: John J Lavorato
X-To: Greg Whalley
X-cc: David W Delainey
X-bcc:
X-Folder: \Greg_Whalley_Oct2001\Notes Folders\Discussion threads
X-Origin: WHALLEY-G
X-FileName: gwhalley.nsf

Greg

Have a great time with the $100 Million Club

Lavo and Dave
---------------------- Forwarded by John J Lavorato/Corp/Enron on 12/02/2000
09:40 AM ---------------------------

Rosalee Fleming on 12/01/2000 02:56:08 PM
To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Baxter/HOU/ECT@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeremy Blachman/HOU/EES@EES, Philippe A Bibi/HOU/ECT@ECT, Raymond
Bowen/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT, Harold G
Buchanan/HOU/EES@EES, Rick Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON,
Diomedes Christodoulou/SA/Enron@Enron, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Cox/Enron
Communications@Enron Communications, David W Delainey/HOU/ECT@ECT, James
Derrick/Corp/Enron@ENRON, Steve Elliott/Enron Communications@Enron
Communications, Jim Fallon/Enron Communications@Enron Communications, Andrew
S Fastow/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Ben F Glisan/HOU/ECT@ECT,
Kevin Hannon/Enron Communications@Enron Communications, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rod Hayslett/FGT/Enron@ENRON,
Stanley Horton/Corp/Enron@Enron, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/NA/Enron@Enron,
Louise Kitchen/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Kenneth
Lay/Corp/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, Dan Leff/HOU/EES@EES,
Danny McCarty/ET&S/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon/HOU/ECT@ECT,
Mark Metts/NA/Enron@Enron, Mark S Muller/HOU/EES@EES, Cindy
Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES, Ken Rice/Enron
Communications@Enron Communications, Matthew Scrimshaw/LON/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Jeffrey Sherrick/Corp/Enron@ENRON, John
Sherriff/LON/ECT@ECT, Jeff Skilling/Corp/Enron@ENRON, Marty
Sunde/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT, Thomas E White/HOU/EES@EES, G G
Garcia/NA/Enron@Enron, Marcia Manarin/SA/Enron@Enron, Susan
Skarness/HOU/ECT@ECT, Stacy Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Beena Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K
Heathman/HOU/ECT@ECT, Sharron Westbrook/Corp/Enron@ENRON, Kay
Chapman/HOU/ECT@ECT, Molly Bobrow/NA/Enron@Enron, Rosane
Fabozzi/SA/Enron@Enron, Stephanie Harris/Corp/Enron@ENRON, Bridget
Maronge/HOU/ECT@ECT, Nicki Daw/NA/Enron@Enron, Inez Dauterive/HOU/ECT@ECT,
Carol Ann Brown/Enron Communications@Enron Communications, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cindy Stark/Corp/Enron@ENRON,
Mary E Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maureen
McVicker/NA/Enron@Enron, Joannie Williamson/Corp/Enron@ENRON, Vanessa
Groscrand/Corp/Enron@ENRON, Suzanne Danz/Corp/Enron@ENRON, Tori L
Wells/HOU/ECT@ECT, Cathy Phillips/HOU/ECT@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT@ECT, Dolores
Fisher/NA/Enron@Enron, Kathy McMahon/Enron Communications@Enron
Communications, Karen Owens/HOU/EES@EES, Dorothy Dalton/Enron
Communications@Enron Communications, Mercedes Estrada/Enron
Communications@Enron Communications, Christina Grow/Corp/Enron@ENRON, Lauren
Urquhart/LON/ECT@ECT, Sherri Sera/Corp/Enron@ENRON, Katherine
Brown/Corp/Enron@ENRON, Liz M Taylor/HOU/ECT@ECT, Judy G Smith/HOU/EES@EES,
Peggy McCurley/HOU/ECT@ECT, Marsha Schiller/HOU/ECT@ECT, Fiona
Stewart/LON/ECT@ECT, Jana L Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,


Message-ID: <8440822.1075843742115.JavaMail.evans@thyme>
Date: Mon, 5 Feb 2001 03:51:00 -0800 (PST)
From: sarlowe@tr.com
To: cwall@tr.com
Subject: TR's State NewsWire 2/5/00 A.M. Edition
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Steve Arlowe <sarlowe@tr.com>
X-To: cwall <cwall@tr.com>
X-cc:
X-bcc:
X-Folder: \Jeff_Dasovich_June2001\Notes Folders\Notes inbox
X-Origin: DASOVICH-J
X-FileName: jdasovic.nsf

Telecommunications Reports presents . . . . . TR's State NewsWire
February 5, 2001, 8 A.M. Edition

STATES
IDAHO -- Qwest proposes price cap plan
WYO. -- Senate committee to take up bill expanding USF to cover wireless
carriers
PENNSYLVANIA -- RCN frustrated by another delay at Philadelphia city
council
TENNESSEE -- Lawmakers seek to adopt UETA
MAINE -- PUC lays groundwork for number reclamation
OHIO -- Senate committee reviews bill to prohibit 'spam'
N.Y. -- Senator wants DPS to look into access to advanced services in
rural areas
TENNESSEE -- Lawmakers seek consumer protections in wireless contracts
TENNESSEE -- Sen. Cohen aims to prevent novice drivers from using
wireless phones
WASH. -- WUTC sets hearing on 'overlay' public information plan cost
recovery
MISSOURI -- Bill would extend telecom sales tax exemption
WYOMING -- Bill would ban using hand-held cellphones while driving
INDIANA -- Robots to install fiber optics under Indianapolis
NEW YORK -- NeuStar implements mandatory number pooling trial in '315'
code

ALTERNATIVE REGULATION
IDAHO
Qwest proposes price cap plan

Qwest Corp. has proposed a bill to authorize incumbent local exchange
carriers (ILECs) to elect price cap regulation.  HB 96 would allow
companies to cap their prices for residential and small business
customers and charge prices that were less than the capped rates.

Under the bill, the Public Utilities Commission would need to set a
price floor only if it were requested by a non-ILEC.

HB 96 also would allow the ILEC petition the PUC to realign the basic
local exchange service prices between residential and small business
customers within the wire center, on a revenue-neutral basis.  If the
PUC approved the price realignment plan, the maximum basic local
exchange rate for each affected class of service would be adjusted to
reflect the new plan.

An AT&T Corp. spokeswoman told TR that AT&T had concerns about the fact
that the capped rates could be reduced in certain areas.  The
spokeswoman explained that this provision could act as an impediment for
competitors because the prices set for unbundled network elements are
set on a statewide average.  The spokeswoman said this would cause a
disparity between wholesale and retail prices.

HB 96, which was sponsored by the House State Affairs Committee, awaits
consideration by that committee.

UNIVERSAL SERVICE
WYOMING
Senate committee to take up bill expanding USF to cover wireless
carriers

The Senate Corporations, Elections and Political Subdivisions Committee
is considering a bill to expand the state universal service fund (USF)
to cover wireless carriers.  (1/3/01 a.m.)  HB 52 would authorize the
Public Service Commission to determine how much USF money would be
available to the wireless carriers.

The bill would provide USF funds to wireless carriers that (1) provide
unlimited local calling for an entire local exchange area for a flat
fee, (2) offer credits for the amount of the distributions the company
receives from the USF on customers' bills, and (3) offer and advertise
all supported services throughout the local exchange area.  The
commission would have to adopt rules by Dec. 31 to define any additional
criteria carriers would have to meet.

The bill would authorize the commission to grant a company additional
time to complete the network upgrades needed to provide (1) single-party
service, (2) access to E911 service, or (3) toll limitation.  If the
commission decides to grant a company additional time, the otherwise
eligible company woul


Message-ID: <30563478.1075845584003.JavaMail.evans@thyme>
Date: Wed, 19 Jul 2000 08:41:00 -0700 (PDT)
From: kay.mann@enron.com
To: herman.manis@enron.com
Subject: Kendall New Century Development,LLC; Plano Letter of Intent
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Kay Mann
X-To: Herman Manis
X-cc:
X-bcc:
X-Folder: \Kay_Mann_June2001_1\Notes Folders\All documents
X-Origin: MANN-K
X-FileName: kmann.nsf

Hi Herman,

Here's the agreement I referenced in my voice mail.  We will change it so
that they can't buy any equipment without further written authorization from
Enron.  Anything else?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/19/2000 03:39
PM ---------------------------

Fred Mitro@ECT
07/11/2000 02:29 PM
To: Ben Jacoby/HOU/ECT@ECT
cc: Rusty Stevens/Corp/Enron@ENRON, Kay Mann/Corp/Enron@Enron

Subject: Kendall New Century Development,LLC; Plano Letter of Intent

Ben:

Attached is the ComEd Letter of Intent to interconnect at the Plano TSS.  In
addition, ComEd has included a cover letter which indicates a significant
level of uncertainty regarding a '01 interconnect at Plano.  Under the
guidelines of Appendix K of ComEd's Open Access Transmission Tarriff, we are
required to execute this LOI within 15 days of the date of receipt (7/7/00)
in order to maintain our current position (6/12/00) in the ComEd queue.  If
we execute after 7/22/00, then the date our date in the ComEd queue becomes
the date of execution of the LOI.

Appendix K provides that once the LOI is executed, ComEd shall provide Enron
with an Interconnection Study (IS)  and Project Diagram (PD) within 45 days
(ComEd has the option to extend another 30 days, if needed).  The IS and PD
will provide Enron with a description of the upgrades required and an
estimate of the proposed allocation of the cost to interconnect.  The IS and
PD do not provide Enron with information on transmission availability (ie
ATC), this would be addressed by the Interconnection Feasibility Study
currently in progress by ComEd (I am expecting the results of this IFS in the
next 2-3 weeks).

ComEd informed me in a discussion yesterday afternoon that their current
interpretation of AppendixK provides that if the commercial start date of a
proposed IPP project is delayed, that there is no impact to that proposed
projects' queue position relative to competing projects provided that all
interconnection milestones (LOI, PD, Notice To Proceed, and IA) remain
current.  ComEd further indicated that such a delay would result in a project
with an inferior queue position (i.e. Wizvest) being charged with the
necessary system upgrade costs even though their project would come on line
prior to the project with the superior queue position.  I will request that
this interpretation be confirmed by ComEd in writing to Enron. (This
interpretation obviously has a large value implication for the Torrence site
relative to the Wizvest planned '01 interconnect).

I will review this letter on the plane to Houston this afternoon.  I believe
that it authorizes ComEd to spend up to $100K on engineering related to the
interconnect design.  It also addresses the ordering and payment
responsibilities for long-lead equipment required to facilitate the proposed
interconnection.  Based upon our development budget discussions earlier this
week,  we obviously do not want to incurr long-lead equipment charges prior
to having a clear value proposition in our sights.  I will have
recommendations ready for you on these issues by Wednesday.  I am
simaltaneously forwarding it to Kay Mann for her review so that we will be in
a position to move forward to execution prior to 7/22 if we choose to do so.
From a legal standpoint, this is ComEd's boilerplate LOI.  I believe that we
executed a similar LOI for Wilton Center in early 1999 under Des Plaines
Green Land Development, L.L.C.

Call me if you wis