Message-ID: <24104923.1075859030218.JavaMail.evans@thyme>
Date: Thu, 18 Oct 2001 08:27:53 -0700 (PDT)
From: carolyn_winowitch@pgn.com
To: tracy.geaccone@enron.com
Subject: RE: 3rd curr est
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
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X-From: Carolyn Winowitch <Carolyn_Winowitch@pgn.com>
X-To: Geaccone, Tracy </O=ENRON/OU=NA/CN=RECIPIENTS/CN=TGEACCO>
X-cc:
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Thanks, Tracy. The reclass turned out to be 43.3 mill, which is what I adjusted 3rd ce for. Is this the only adjustment you want us to make? We have a couple of other large items (goodwill, FAS 133), maybe at this point we should just include them in the current cash flow forecast. Let me know, thanks.

Carolyn Winowitch
PGE Accounting
503-464-8191

>>> "Geaccone, Tracy" <Tracy.Geaccone@ENRON.com> 10/18/01 08:25AM >>>

It is actually $45 million.  I would need I revised 3rd CE and also reflect the change in the cash flow forecast.  I am sorry I did not get back to you sooner on this.

Tracy
-----Original Message-----
From: Carolyn Winowitch [mailto:Carolyn_Winowitch@pgn.com]
Sent: Wednesday, October 17, 2001 9:37 AM
To: Geaccone, Tracy
Subject: 3rd curr est

Do you still need a revision of the 3rd current estimate? If so, should we update it for September actuals? Or should we revise the 3rd ce for the 43 mill revenue deferral to 2002 only, and report September actuals in the October monthly cash flow forecast? Let me know what you need, thanks.

Carolyn Winowitch
PGE Accounting
503-464-8191

**********************************************************************
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.
**********************************************************************


Message-ID: <26250259.1075861786023.JavaMail.evans@thyme>
Date: Tue, 6 Nov 2001 13:43:26 -0800 (PST)
From: m..presto@enron.com
To: elizabeth.sager@enron.com
Subject: RE: Update following our meeting re. VEPCO
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X-From: Presto, Kevin M. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=KPRESTO>
X-To: Sager, Elizabeth </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Esager>
X-cc:
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My preference is normal energy only LD language.  If we agree to use an index pricing point (like PJM/VEPCO interface), then a fair trade-off is to eliminate the capacity ratchet.

 -----Original Message-----
From: 	Sager, Elizabeth
Sent:	Tuesday, November 06, 2001 1:33 PM
To:	Presto, Kevin M.; Jafry, Rahil; Duran, W. David; Kroll, Heather
Cc:	Thomas, Paul D.
Subject:	RE: Update following our meeting re. VEPCO

Kevin

Doe this mean you think we should leave in the other damages e.g a fixed payment of $42,000 if we do not deliver for a scheduled day (the actual payment required to be paid to VEPCO for non-peak day damages is based in total MWH not delivered and is derived from the following formulae:

(1 - MWH Delivered/MWH Scheduled) times Annual Capacity Payments/365 (this number equals approx $42,000)

Elizabeth Sager
713-853-6349

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Tuesday, November 06, 2001 11:04 AM
To:	Sager, Elizabeth; Jafry, Rahil; Duran, W. David; Kroll, Heather
Cc:	Thomas, Paul D.
Subject:	RE: Update following our meeting re. VEPCO

The LD calc should be the hourly index and we need to eliminate the Peak Day designation damages.

 -----Original Message-----
From: 	Sager, Elizabeth
Sent:	Tuesday, November 06, 2001 10:37 AM
To:	Jafry, Rahil; Presto, Kevin M.; Duran, W. David; Kroll, Heather
Cc:	Thomas, Paul D.
Subject:	RE: Update following our meeting re. VEPCO

CONFIDENTIAL
ATTORNEY/CLIENT PRIVILEGED COMMUNICATION

On the VEPCO contract we also need to consider the damages for failure to deliver scheduled energy.  Yesterday we talked about normal LDs.  This likely will not work if we are basing the VEPCO price on an hourly index since VEPCO's cost of cover would likely be close to hourly prices.

 Under the current contract, if we fail to deliver, EPMI is obligated to pay:

1.  Cost of Cover defined as either (a) (1) actual cost of incremental purchase or generation costs or if VEPCO is unable to make up the delivery obligations, then (2) VEPCO's highest cost source of generation minus (b) offered energy price (hourly index price under new proposal) Section 9.2); plus either

(A)  If VEPCO has designated day as a Peak Day (up to 30 per year), then rebate a portion of annual capacity payments (I think current amount would be about $530,000 per non-delivery if no MW delivered during day) (Section 9.3); or

(B) If VEPCO has not designated day as a Peak Day (up to 30 per year), then rebate a portion of daily capacity payments (I think current amount would be about $42,000 per non-delivery if no MW delivered during day) Section 9.5);

Let's think about what we should propose (eg 150% of index hourly price per hour of non-delivery?)

Thanks

Elizabeth Sager
713-853-6349

 -----Original Message-----
From: 	Jafry, Rahil
Sent:	Monday, November 05, 2001 5:41 PM
To:	Presto, Kevin M.; Duran, W. David; Sager, Elizabeth; Kroll, Heather
Cc:	Thomas, Paul D.
Subject:	Update following our meeting re. VEPCO
Importance:	High

Everyone,

Here are some follow-up items from our meeting this morning. Please review them and let me know if there are any changes to this at your earliest.  As discussed, we will tie-in Dave and Elizabeth into the meeting via phone (it starts at c. 8:00AM CST).

Leslie Reeves has confirmed that we do not have any reserves against previous years' audit.

Attending the meeting from VEPCO:
Kevin Howell (President - E


Message-ID: <7978849.1075859520153.JavaMail.evans@thyme>
Date: Mon, 19 Jun 2000 04:54:00 -0700 (PDT)
From: elizabeth.sager@enron.com
To: tim.belden@enron.com
Subject: Receivable  Write-off -- Power Company of America (PCA)
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Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Elizabeth Sager
X-To: Tim Belden
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X-Origin: Sager-E
X-FileName: esager.nsf

Attorney-Client Privileged Communication
Not Discoverable

Hi Tim

Leslie Reeves recently spoke to me about an outstanding receivable we still
have relating to PCA.

PCA went into bankruptcy in 1998.  At the time of PCA's bankruptcy, PCA owed
a $5.3 million receivable to EPMI.   On EPMI's books, this uncollected
receivable amount was offset by an out-of-the money forward position EPMI had
with PCA which we were able to take to zero when PCA defaulted (contract
provided for one  way payments upon the occurrence of an event of default)
and some funds from credit.  After netting all these amounts,  there is still
a $600,000 receivable showing up as owed from PCA to EPMI.  Based on the
current bankruptcy proceedings, it is not likely that EPMI will receive any
additional funds from PCA (we have taken a very low key approach in the
bankruptcy due to the lack of PCA funds, the extensive amounts owed by PCA to
other creditors, the assertions being made by PCA against some of the other
creditors, and the legal effect of the one-way payment termination payment
that provided us a significant offset to the receivable).

Accordingly, unless I hear otherwise from you, I will talk to Leslie and tell
her to go ahead and clean up the $600,000  PCA receivable now, and in the
unlikely event PCA makes payments to any creditors,  we would then give such
amounts received from PCA back to you.

Call me if you have any questions.

Thanks
Elizabeth
713 853 6349


Message-ID: <18495456.1075849303959.JavaMail.evans@thyme>
Date: Mon, 9 Jul 2001 11:10:00 -0700 (PDT)
From: jeff.dasovich@enron.com
To: alan.comnes@enron.com, angela.schwarz@enron.com, beverly.aden@enron.com,
	bill.votaw@enron.com, brenda.barreda@enron.com,
	carol.moffett@enron.com, cathy.corbin@enron.com,
	chris.foster@enron.com, christina.liscano@enron.com,
	craig.sutter@enron.com, dan.leff@enron.com,
	debora.whitehead@enron.com, dennis.benevides@enron.com,
	don.black@enron.com, dorothy.youngblood@enron.com,
	douglas.huth@enron.com, edward.sacks@enron.com,
	eric.melvin@enron.com, erika.dupre@enron.com, evan.hughes@enron.com,
	fran.deltoro@enron.com, gayle.muench@enron.com,
	ginger.dernehl@enron.com, gordon.savage@enron.com,
	harold.buchanan@enron.com, harry.kingerski@enron.com,
	iris.waser@enron.com, james.steffes@enron.com, james.lewis@enron.com,
	james.wright@enron.com, jeff.messina@enron.com,
	jeremy.blachman@enron.com, jess.hewitt@enron.com,
	joe.hartsoe@enron.com, karen.denne@enron.com, kathy.bass@enron.com,
	kathy.dodgen@enron.com, ken.gustafson@enron.com,
	kevin.hughes@enron.com, leasa.lopez@enron.com,
	leticia.botello@enron.com, mark.muller@enron.com,
	marsha.suggs@enron.com, marty.sunde@enron.com,
	meredith.eggleston@enron.com, michael.etringer@enron.com,
	michael.mann@enron.com, michelle.cisneros@enron.com,
	mpalmer@enron.com, neil.bresnan@enron.com, neil.hong@enron.com,
	paul.kaufman@enron.com, paula.warren@enron.com,
	richard.zdunkewicz@enron.com, richard.leibert@enron.com,
	richard.shapiro@enron.com, rita.hennessy@enron.com,
	roger.yang@enron.com, rosalinda.tijerina@enron.com,
	sandra.mccubbin@enron.com, sarah.novosel@enron.com,
	scott.gahn@enron.com, scott.stoness@enron.com, sharon.dick@enron.com,
	skean@enron.com, tanya.leslie@enron.com, tasha.lair@enron.com,
	ted.murphy@enron.com, terri.greenlee@enron.com, tim.belden@enron.com,
	tony.spruiell@enron.com, vicki.sharp@enron.com,
	vladimir.gorny@enron.com, wanda.curry@enron.com,
	william.bradford@enron.com, kathryn.corbally@enron.com,
	jubran.whalan@enron.com, triley@enron.com, richard.sanders@enron.com,
	robert.williams@enron.com, greg.wolfe@enron.com,
	james.wright@enron.com, dirk.vanulden@enron.com,
	steve.walker@enron.com, jennifer.rudolph@enron.com,
	martin.wenzel@enron.com, douglas.condon@enron.com, wgang@enron.com,
	sgovenar@govadv.com, hgovenar@govadv.com, jklauber@llgm.com,
	mike.smith@enron.com, john.neslage@enron.com,
	janel.guerrero@enron.com, eric.letke@enron.com,
	richard.sanders@enron.com, gfergus@brobeck.com,
	michael.tribolet@enron.com, robert.frank@enron.com,
	richard.sanders@enron.com, gfergus@brobeck.com, susan.mara@enron.com,
	chris.holmes@enron.com, david.leboe@enron.com, sgovenar@govadv.com,
	hgovenar@govadv.com
Subject: More on FERC generator hearings
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Jeff Dasovich
X-To: Alan Comnes, Angela Schwarz, Beverly Aden, Bill Votaw, Brenda Barreda, Carol Moffett, Cathy Corbin, Chris H Foster, Christina Liscano, Craig H Sutter, Dan Leff, Debora Whitehead, Dennis Benevides, Don Black, Dorothy Youngblood, Douglas Huth, Edward Sacks, Eric Melvin, Erika Dupre, Evan Hughes, Fran Deltoro, Gayle W Muench, Ginger Dernehl, Gordon Savage, Harold G Buchanan, Harry Kingerski, Iris Waser, James D Steffes, James W Lewis, James Wright, Jeff Messina, Jeremy Blachman, Jess Hewitt, Joe Hartsoe, Karen Denne, Kathy Bass, Kathy Dodgen, Ken Gustafson, Kevin Hughes, Leasa Lopez, Leticia Botello, Mark S Muller, Marsha Suggs, Marty Sunde, Meredith M Eggleston, Michael Etringer, Michael Mann, Michelle D Cisneros, mpalmer@enron.com, Neil Bresnan, Neil Hong, Paul Kaufman, Paula Warren, Richard L Zdunkewicz, Richard Leibert, Richard Shapiro, Rita Hennessy, Roger Yang, Rosalinda Tijerina, Sandra McCubbin, Sarah Novosel, Scott Gahn, Scott Stoness, Sharon Dick, skean@enron.com, Tanya Leslie, Tasha Lair, Ted Murphy, Terri Greenlee, Tim B

Alan Comnes, Angela Schwarz, Beverly Aden, Bill Votaw, Brenda Barreda, Carol Moffett, Cathy Corbin, Chris H Foster, Christina Liscano, Craig H Sutter, Dan Leff, Debora Whitehead, Dennis Benevides, Don Black, Dorothy Youngblood, Douglas Huth, Edward Sacks, Eric Melvin, Erika Dupre, Evan Hughes, Fran Deltoro, Gayle W Muench, Ginger Dernehl, Gordon Savage, Harold G Buchanan, Harry Kingerski, Iris Waser, James D Steffes, James W Lewis, James Wright, Jeff Messina, Jeremy Blachman, Jess Hewitt, Joe Hartsoe, Karen Denne, Kathy Bass, Kathy Dodgen, Ken Gustafson, Kevin Hughes, Leasa Lopez, Leticia Botello, Mark S Muller, Marsha Suggs, Marty Sunde, Meredith M Eggleston, Michael Etringer, Michael Mann, Michelle D Cisneros, mpalmer@enron.com, Neil Bresnan, Neil Hong, Paul Kaufman, Paula Warren, Richard L Zdunkewicz, Richard Leibert, Richard Shapiro, Rita Hennessy, Roger Yang, Rosalinda Tijerina, Sandra McCubbin, Sarah Novosel, Scott Gahn, Scott Stoness, Sharon Dick, skean@enron.com, Tanya Leslie, Tasha Lair, Ted Murphy, Terri Greenlee, Tim Belden, Tony Spruiell, Vicki Sharp, Vladimir Gorny, Wanda Curry, William S Bradford, Kathryn Corbally, Jubran Whalan, triley@enron.com, Richard B Sanders, Robert C Williams, Greg Wolfe, James Wright, Dirk vanUlden, Steve Walker, Jennifer Rudolph, Martin Wenzel, Douglas Condon, wgang@enron.com, Scott Govenar


Message-ID: <2468171.1075852869345.JavaMail.evans@thyme>
Date: Fri, 27 Jul 2001 11:33:45 -0700 (PDT)
From: houston <.ward@enron.com>
To: janette.j.mcclintock@bhpbilliton.com
Subject: RE: Parent Guaranty
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Ward, Kim S (Houston) </O=ENRON/OU=NA/CN=RECIPIENTS/CN=KWARD>
X-To: '"McClintock, Janette OJ" <Janette.J.McClintock@BHPBilliton.com>@ENRON' <IMCEANOTES-+22McClintock+2C+20Janette+20OJ+22+20+3CJanette+2EJ+2EMcClintock+40BHPBilliton+2Ecom+3E+40ENRON@ENRON.com>
X-cc:
X-bcc:
X-Folder: \KWARD (Non-Privileged)\Ward, Kim S (Houston)\Sent Items
X-Origin: Ward-K
X-FileName: KWARD (Non-Privileged).pst

Janette,

I did leave you a voice message.  The Commodity price right now is $2.55 with a $.03 premium to schedule out of the basin and a $.05 premium to schedule the delivered volumes at the delivery point.  Also, in order to be allowed to schedule for you, we will have to get an agency agreement in place with El Paso, which could take some time.  In the case we don't get it in place to schedule for you Aug 1st, you could request El Paso to put your nom in daily until we get the agreement executed and in place.

Let me know if you have any questions.

Thanks,

Kim

 -----Original Message-----
From: 	"McClintock, Janette OJ" <Janette.J.McClintock@BHPBilliton.com>@ENRON [mailto:IMCEANOTES-+22McClintock+2C+20Janette+20OJ+22+20+3CJanette+2EJ+2EMcClintock+40BHPBilliton+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, July 27, 2001 1:26 PM
To:	Ward, Kim S (Houston)
Subject:	RE: Parent Guaranty

Kim,
I will discuss the Guaranty form with Vito and pass it along to the people
that will need to handle this issue.

We do need updated pricing - I left a message on your voice mail about 15
minutes ago.  A reply by e-mail will be fine.

Thanks,
Janette

-----Original Message-----
From: Ward, Kim S (Houston) [mailto:Kim.Ward@enron.com]
Sent: Friday, July 27, 2001 11:10 AM
To: Janette McClintock (E-mail)
Subject: Parent Guaranty

Janette,

Attached is the Parent Guaranty form that we need to get executed in
order to do business.  Enron's credit department is asking for the
guaranty to be for $10 million.  Let me know if you guys are agreeable
to this.  Also, I need to know if the name of the guarantor is BHP
BILLITON LTD.  We couldn't tell from the web site if this was correct.

Let me know if you need updated pricing.  Prices were down on the day
but have moved back up.

Thanks,

Kim
713-853-0685

 <<BHP Copper Guaranty Physical Format.doc>>

**********************************************************************
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.
**********************************************************************

EOM

NOTICE - This message and any attached files may contain information that is
confidential and/or subject of legal privilege intended only for use by the
intended recipient. If you are not the intended recipient or the person
responsible for delivering the message to the intended recipient, be advised
that you have received this message in error and that any dissemination,
copying or use of this message or attachment is strictly forbidden, as is
the disclosure of the info

"McClintock, Janette OJ
Ward, Kim S (Houston)


Message-ID: <7143835.1075858667726.JavaMail.evans@thyme>
Date: Fri, 7 Sep 2001 07:47:24 -0700 (PDT)
From: karen.denne@enron.com
To: b..sanders@enron.com, jeff.dasovich@enron.com, susan.mara@enron.com
Subject: Protective Order Articles
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: 7bit
X-From: Denne, Karen </O=ENRON/OU=NA/CN=RECIPIENTS/CN=KDENNE>
X-To: Sanders, Richard B. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rsander>, Dasovich, Jeff </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jdasovic>, Mara, Susan </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Smara>
X-cc:
X-bcc: Denne, Karen </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Kdenne>
X-Folder: \Sanders, Richard B (Non-Privileged)\Sanders, Richard B.\Senator Dunn Inv.
X-Origin: Sanders-R
X-FileName: Sanders, Richard B (Non-Privileged).pst

California; Metro Desk
The State Enron Records to Stay Secret Court: A judge orders confidentiality for the power firm's documents. A Senate panel probing electricity price gouging has subpoenaed them.
NANCY VOGEL
TIMES STAFF WRITER

09/07/2001
Los Angeles Times
Home Edition
B-8
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- Enron Corp., the giant Texas-based seller of electric power, won a court ruling Thursday in its quest to guarantee the secrecy of hundreds of thousands of internal business documents sought by state lawmakers.
A Senate committee investigating price gouging in California's wholesale electricity market subpoenaed Enron's documents in April, seeking records of electricity sales, bidding strategies, prices and out-of-state transactions.
The company refused to make the documents available without a court order protecting the confidentiality of the records. Enron sued July 11, and on Thursday Sacramento County Superior Court Judge Charles C. Kobayashi granted the company's request for a protective order.
The judge noted in his order that Enron is a business competitor of the California Department of Water Resources, which began buying electricity on behalf of the state's two largest utilities last January.
"Although the committee argues that the Senate is not in competition with plaintiff," wrote Kobayashi, "the functions of the Senate and the Department of Water Resources are intertwined in so many ways that there is no doubt that not only may there be appearances of conflict, actual conflicts can arise."
Kobayashi's order is a reversal of an earlier, tentative ruling, in which he concluded that imposing a protective order for Enron would be an "unacceptable" intrusion by the courts into the internal operations of the Legislature.
Karen Denne, a spokeswoman for the Houston-based company, described executives as "very pleased" with the court ruling. "Turning over the documents was never the issue," she said, "The issue was always protecting our rights."
Enron officials will work with committee Chairman Sen. Joe Dunn (D-Santa Ana) to craft an agreement that details which documents will be reviewed by the eight lawmakers and their aides, Denne said.
Reliant Energy of Houston, another company that resisted demands for business records, on Wednesday signed a confidentiality agreement with Dunn's committee and will begin bringing 250,000 documents to a depository in Sacramento, said Reliant spokesman Marty Wilson.
Dunn said other companies have begun to deliver documents to Sacramento, but not all are fully complying with subpoenas.
"There are some major holes that have to be plugged by the market participants," he said.
On July 21, the Senate Select Committee to Investigate Price Manipulation of the Wholesale Energy Market voted to recommend that Enron be cited for contempt for not turning over its documents.
The full Senate has yet to vote on that recommendation.
The committee, which the Senate created in March, has focused its investigation on the private companies that purchased power plants after California moved to deregulate its electricity market in 1996.

Copyright ? 2000 Dow Jones & Company, Inc. Al

confidential
privileged
attorney-client
trade secret


Message-ID: <63885.1075841522317.JavaMail.evans@thyme>
Date: Fri, 3 Aug 2001 10:21:50 -0700 (PDT)
From: mike.purcell@enron.com
To: holden.salisbury@enron.com
Subject: FW: Enron July Final NPC Transmission
Cc: virginia.thompson@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: virginia.thompson@enron.com
X-From: Purcell, Mike </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MPURCELL>
X-To: Salisbury, Holden </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Hsalisbu>
X-cc: Thompson, Virginia </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Vthompso>
X-bcc:
X-Folder: \ExMerge - Salisbury, Holden\Inbox
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X-FileName: holden salisbury 6-26-02.PST

Holden,

Here is a message i received from Jackson.  We will be updating our ancillary services for NPC.

-----Original Message-----
From: Wong, Jackson [mailto:jwong@nevp.com]
Sent: Friday, August 03, 2001 8:23 AM
To: Purcell, Mike
Subject: RE: Enron July Final NPC Transmission

Hi Mike,

Starting July 2001, we have updated our energy loss rate for ancillary
services from $0.47644 to $0.45764. Apparently, we have been mistakenly
overbilling our customers by $0.0188 since March 2000. Therefore, a credit
will be issued in the July 2001 invoice for the differences for the period
from March 2000 to June 2001. Please update your total current ancillary
services rate to $0.6812(roughly 68 cents).

Thanks,

Jackson

-----Original Message-----
From: Mike.Purcell@enron.com [mailto:Mike.Purcell@enron.com]
Sent: Friday, August 03, 2001 7:46 AM
To: jwong@nevp..com
Subject: Enron July Final NPC Transmission

Jackson,

Here are our numbers for July.

Thanks

(See attached file: NPC_July_Final.xls)

Mike P. Purcell
Settlements Coordinator
Volume Management-Portland
503-464-8297

**********************************************************************
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.
**********************************************************************


Message-ID: <25483926.1075853212453.JavaMail.evans@thyme>
Date: Fri, 23 Mar 2001 08:26:00 -0800 (PST)
From: hao@quinnemanuel.com
To: christian.yoder@enron.com, richard.b.sanders@enron.com,
	steve.c.hall@enron.com
Subject: Fwd: PG&E Ltr to PX re $177M Iso Payment
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: "Harry Olivar" <hao@quinnemanuel.com>
X-To: <Christian.Yoder@enron.com>, <Richard.B.Sanders@enron.com>, <Steve.C.Hall@enron.com>
X-cc:
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X-Folder: \Richard_Sanders_Oct2001\Notes Folders\All documents
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Forwarding the attached in case you have not seen it.
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 - PG&E Ltr re ISO Funds.pdf


Message-ID: <6763250.1075859608909.JavaMail.evans@thyme>
Date: Mon, 9 Apr 2001 03:18:00 -0700 (PDT)
From: jklauber@llgm.com
To: elizabeth.sager@enron.com, michael.tribolet@enron.com
Subject: Fwd: RE: RE: PGE
Mime-Version: 1.0
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X-From: "JOHN G KLAUBERG" <JKLAUBER@LLGM.COM>
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Michael:  here is a note from the assistant US trustee saying he recognizes
the passs through nature of the PX and ISO.  I am coming over to the office
now.  Jim is going to clean up the draft and forward over to me at the EB

"This e-mail, including attachments, contains information that is
confidential and it may be protected by the attorney/client or other
privileges.  This e-mail, including attachments, constitutes non-public
information intended to be conveyed only to the designated recipient(s).  If
you are not an intended recipient, please delete this e-mail, including
attachments and notify me by return mail, e-mail or by phone at 212
424-8125.  The unauthorized use, dissemination, distribution or reproduction
of the e-mail, including attachments, is prohibited and may be unlawful.

John Klauberg
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
212 424-8125
jklauber@llgm.com

"MMS <llgm.com>" made the following
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Date: Mon, 9 Apr 2001 9:55:56 -0400
From: "Johnson, Stephen" <Stephen.Johnson2@usdoj.gov>
Subject: RE: RE: PGE
To: "'BENNETT G. YOUNG'" <byoung@LLGM.COM>
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Ben, I'd appreciate anything you have about Enron's claims.  We've discussed
it with the debtor and it does not contest the energy providers are the real
parties in interest and don't contest they ought to be represented on the
committee. As for a meeting, I can't promise I have time for that at this
point.  I will give you a call Monday or Tuesday.  Thanks.
Steve

-----Original Message-----
From: BENNETT G. YOUNG [mailto:byoung@LLGM.COM]
Sent: Sunday, April 08, 2001 6:07 PM
To: Johnson, Stephen
Subject: Re: RE: PGE

Steve,

As I mentioned in the voicemail I left for you today, we will get something
to you in writing on Tuesday regarding Enron's claims.  The "back of the
envel


Message-ID: <29300844.1075861785954.JavaMail.evans@thyme>
Date: Tue, 6 Nov 2001 09:03:58 -0800 (PST)
From: m..presto@enron.com
To: elizabeth.sager@enron.com, rahil.jafry@enron.com, david.duran@enron.com,
	heather.kroll@enron.com
Subject: RE: Update following our meeting re. VEPCO
Cc: d..thomas@enron.com
Mime-Version: 1.0
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Bcc: d..thomas@enron.com
X-From: Presto, Kevin M. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=KPRESTO>
X-To: Sager, Elizabeth </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Esager>, Jafry, Rahil </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rjafry>, Duran, W. David </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Dduran>, Kroll, Heather </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Hkroll>
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The LD calc should be the hourly index and we need to eliminate the Peak Day designation damages.

 -----Original Message-----
From: 	Sager, Elizabeth
Sent:	Tuesday, November 06, 2001 10:37 AM
To:	Jafry, Rahil; Presto, Kevin M.; Duran, W. David; Kroll, Heather
Cc:	Thomas, Paul D.
Subject:	RE: Update following our meeting re. VEPCO

CONFIDENTIAL
ATTORNEY/CLIENT PRIVILEGED COMMUNICATION

On the VEPCO contract we also need to consider the damages for failure to deliver scheduled energy.  Yesterday we talked about normal LDs.  This likely will not work if we are basing the VEPCO price on an hourly index since VEPCO's cost of cover would likely be close to hourly prices.

 Under the current contract, if we fail to deliver, EPMI is obligated to pay:

1.  Cost of Cover defined as either (a) (1) actual cost of incremental purchase or generation costs or if VEPCO is unable to make up the delivery obligations, then (2) VEPCO's highest cost source of generation minus (b) offered energy price (hourly index price under new proposal) Section 9.2); plus either

(A)  If VEPCO has designated day as a Peak Day (up to 30 per year), then rebate a portion of annual capacity payments (I think current amount would be about $530,000 per non-delivery if no MW delivered during day) (Section 9.3); or

(B) If VEPCO has not designated day as a Peak Day (up to 30 per year), then rebate a portion of daily capacity payments (I think current amount would be about $42,000 per non-delivery if no MW delivered during day) Section 9.5);

Let's think about what we should propose (eg 150% of index hourly price per hour of non-delivery?)

Thanks

Elizabeth Sager
713-853-6349

 -----Original Message-----
From: 	Jafry, Rahil
Sent:	Monday, November 05, 2001 5:41 PM
To:	Presto, Kevin M.; Duran, W. David; Sager, Elizabeth; Kroll, Heather
Cc:	Thomas, Paul D.
Subject:	Update following our meeting re. VEPCO
Importance:	High

Everyone,

Here are some follow-up items from our meeting this morning. Please review them and let me know if there are any changes to this at your earliest.  As discussed, we will tie-in Dave and Elizabeth into the meeting via phone (it starts at c. 8:00AM CST).

Leslie Reeves has confirmed that we do not have any reserves against previous years' audit.

Attending the meeting from VEPCO:
Kevin Howell (President - Energy Trading).  Kevin was at Duke prior to VEPCO (started with VEPCO on 10/01/01)
Karla Haislip - Head of Origination
John Mable - Origination
Jim Hayes - Trading

Goal:  ENE will aim to settle against the Real-Time hourly index published by the PJM ISO for VEPCO/Potomac interface + $5/MWh for delivery.  ENE will retain the option to deliver the physical energy at any point identified in the contract.  The legal definition of the settlement index has been reviewed by Paul Thomas in Kevin's group, and will be as follows:

The Floating Price during a Determination Period shall be the average of the hourly prices listed in the Index for electricity delivered at the during the applicable hours on each Delivery Day during the applicab


Message-ID: <26085438.1075858912790.JavaMail.evans@thyme>
Date: Thu, 27 Sep 2001 14:01:16 -0700 (PDT)
From: laurie.ellis@enron.com
To: w..pereira@enron.com
Subject: FW: August Sonat
Mime-Version: 1.0
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X-From: Ellis, Laurie </O=ENRON/OU=NA/CN=RECIPIENTS/CN=LELLIS3>
X-To: Pereira, Susan W. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Spereir>
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Susan, this the order that Superior says the August deals should be filled in.  Can you please review the email below with the spreadsheet I sent earlier and let me know.

Thanks
Laurie

 -----Original Message-----
From: 	"Jenna D. Irwin" <jirwin@superiornatgas.com>@ENRON [mailto:IMCEANOTES-+22Jenna+20D+2E+20Irwin+22+20+3Cjirwin+40superiornatgas+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, September 27, 2001 3:34 PM
To:	Ellis, Laurie
Subject:	RE: August Sonat

Thanks!!!  We agree on the ENA Upstream gas but the rest of the gas needs to
be reallocated.  According to my trader, the deals should be filled in the
following order:

Trigger:	 	 5,000/day   @ $4.425   ENA Deal # 778088
EFP:    		12,903/day  @ $2.895   ENA Deal # 933354
Baseload:  	2,000/day    @ $3.10     ENA Deal # 939542
Swing:   		      @ GDA      ENA Deal # 939300

Please let me know if this is not the order that your trader agrees with.

Jenna

-----Original Message-----
From: Ellis, Laurie [mailto:Laurie.Ellis@ENRON.com]
Sent: Thursday, September 27, 2001 2:25 PM
To: jirwin@superiornatgas.com
Subject: August Sonat

Jenna, this is what we show in our system for Sonat.  I know it is not
right, but I wanted you to have the detail regardless.  I am going to
get with the trader to see exactly how the volume should be allocated.
I'll let you know what I find.

 <<Superior Supply Sonat 0801.xls>>

Laurie Ellis
Specialist - Gas Settlements
Enron Net Works LLC
Phone: (713) 345-9945
Fax:  (713) 646-8420
email:  laurie.ellis@enron.com

**********************************************************************
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.
**********************************************************************

 - winmail.dat


Message-ID: <18708304.1075859842704.JavaMail.evans@thyme>
Date: Wed, 4 Apr 2001 06:18:00 -0700 (PDT)
From: jklauber@llgm.com
To: mark.e.haedicke@enron.com, vsharp@enron.com
Subject: Fwd: US Windpower
Mime-Version: 1.0
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X-cc:
X-bcc:
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X-FileName: mhaedic.nsf

Mark & Vicki:  Attached is a brief e-mail from one of my partners in SF about
a possible LeBoeuf engagement in CA that I did not think would create any
issues, but which I just wanted to run by you in light of the entire CA
situation.  I also wanted to make sure that US Windpower is not affiliated
with Enron Wind.  Essentially, we would be representing a court appointed
trustee sought by a number of project lenders that desire to cause the sale
of an independent wind power facility since those lenders have not been
paid.  I assume that the lenders have not been paid since PG&E has failed to
make power purchase payments to the project owner.  My understanding is that
we would only become involved if the lender group is successful in having a
trustee appointed and that we would not be involved in any dispute or
proceedings relating to the appointment of the trustee.  We would handle the
transactional work resulting from the sale of the project to a third party
buyer.  At this point, I would not see us handling any litigation against
PG&E.  I would circle back with you first if we were asked to do this to make
sure that, at such time,  it did not create any problems.  Could you let me
know whether you have any concerns with this representation?  As usual,
thanks for your consideration.  John

"This e-mail, including attachments, contains information that is
confidential and it may be protected by the attorney/client or other
privileges.  This e-mail, including attachments, constitutes non-public
information intended to be conveyed only to the designated recipient(s).  If
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John Klauberg
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
212 424-8125
jklauber@llgm.com
Content-Transfer-Encoding: quoted-printable
Date: Tue, 03 Apr 2001 19:00:16 -0400
From: "BENNETT G. YOUNG" <BYOUNG@LLGM.COM>
To: "JOHN G KLAUBERG" <JKLAUBER@LLGM.COM>
Subject: US Windpower
MIME-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Content-Disposition: inline

John,

As we discussed, we have been asked to represent Susan Uecker as the proposed
receiver for Windpower Partners 1989 Limited Partnership, a California
limited partnership.  Windpower Partners operates a windpower electrical
generation facility in Altamont Pass, California.  The general partner of
Windpower Partners is US Windpower, Inc.  The plant is operated by FORAS
Service Corporation.  As far as I can tell, US Windpower is not an Enron
entity.

The project lenders are State Street Bank as indenture trustee for Household
Commercial; John Hancock Mutual Insurance; Cigna; Connecticut General; Life
Insurance Co. of North America; Ohio National Life Assurance; and Southern
Farm Bureau Annuity.  I understand that the lenders are owed $40 million.

As I understand it, the lenders want to have a receiver appointed for the
project, with the receiver directed to sell the project.  A receiver takes
possession of property on behalf of the Court and holds it subject to the
Court's direction.  The receiver is, and must remain, a neutral party.  The
receiver is entitled to retain counsel, with counsel paid out of the
receivership assets.  I frequently represent Ms. Uecker in these kinds of


Message-ID: <24175715.1075845916642.JavaMail.evans@thyme>
Date: Wed, 4 Apr 2001 08:39:00 -0700 (PDT)
From: ccampbell@kslaw.com
To: kay.mann@enron.com
Subject: Delta - HSR Issues
Cc: jkeffer@kslaw.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: jkeffer@kslaw.com
X-From: "Campbell, Carolyn" <CCampbell@KSLAW.com>
X-To: "'kay.mann@enron.com'" <kay.mann@enron.com>
X-cc: "Keffer, John" <JKeffer@KSLAW.com>
X-bcc:
X-Folder: \Kay_Mann_June2001_3\Notes Folders\Panda
X-Origin: MANN-K
X-FileName: kmann.nsf

Kay:

I just spoke with Bill Blumenthal (our HSR expert).  He and Paul Hastings'
HSR expert have traded voice mails exchanging information, but have not yet
spoken.  Bill says that Delta is apparently relying on the "ordinary course"
exemption, which may be fine if all the LLC wants to do is hold turbines for
re-sale.  If the LLC works on development of a power plant, the analysis
would be different.  In any event, Bill agrees that the only safe thing to
do is provide now for the possible requirement to file later.

Prior to speaking with Bill, I also spoke with Greg Lang.  He agrees that we
should provide now for the possible requirement to file later.  He again
asserted that since this is "Enron's structure," Enron should agree to bear
50% of any filing fee.

Steve Thome indicated earlier today that Enron may be willing to bear half
of the filing fee.  Under current regulations, the filing fee will be $45k
if, at the time the put/call is exercised, the assets have a fair market
value of $50-100 million, and the filing fee will be $125k if, at the time
the put/call is exercised, the assets of the LLC have a fair market value of
$100-500 million.

Please let me know whether to advise Greg that Enron will accept
responsibility for half the filing fee.  Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
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disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


Message-ID: <12268042.1075846002310.JavaMail.evans@thyme>
Date: Thu, 5 Apr 2001 05:00:00 -0700 (PDT)
From: kay.mann@enron.com
To: ccampbell@kslaw.com, jkeffer@kslaw.com
Subject: Re: FW: Delta - HSR Issues
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Kay Mann
X-To: ccampbell@kslaw.com, jkeffer@kslaw.com
X-cc:
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X-Origin: MANN-K
X-FileName: kmann.nsf

---------------------- Forwarded by Kay Mann/Corp/Enron on 04/05/2001 11:58
AM ---------------------------

Stephen Thome@ECT
04/05/2001 11:53 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: FW: Delta - HSR Issues

We can do 50/50.

I have told Chris we will get him a final draft for signature.

Steve

Kay Mann@ENRON
04/05/2001 10:56 AM
To: Stephen Thome/HOU/ECT@ECT
cc:
Subject: FW: Delta - HSR Issues

Looks like our exposure is less than $25,000.  Please call me.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/05/2001 10:54
AM ---------------------------

"Keffer, John" <JKeffer@KSLAW.com> on 04/05/2001 10:50:49 AM
To: "C. Kay Mann (E-mail)" <Kay.Mann@enron.com>
cc:

Subject: FW: Delta - HSR Issues

-----Original Message-----
From: Campbell, Carolyn
Sent: Wednesday, April 04, 2001 2:40 PM
To: 'kay.mann@enron.com'
Cc: Keffer, John
Subject: Delta - HSR Issues

Kay:

I just spoke with Bill Blumenthal (our HSR expert).  He and Paul Hastings'
HSR expert have traded voice mails exchanging information, but have not yet
spoken.  Bill says that Delta is apparently relying on the "ordinary course"
exemption, which may be fine if all the LLC wants to do is hold turbines for
re-sale.  If the LLC works on development of a power plant, the analysis
would be different.  In any event, Bill agrees that the only safe thing to
do is provide now for the possible requirement to file later.

Prior to speaking with Bill, I also spoke with Greg Lang.  He agrees that we
should provide now for the possible requirement to file later.  He again
asserted that since this is "Enron's structure," Enron should agree to bear
50% of any filing fee.

Steve Thome indicated earlier today that Enron may be willing to bear half
of the filing fee.  Under current regulations, the filing fee will be $45k
if, at the time the put/call is exercised, the assets have a fair market
value of $50-100 million, and the filing fee will be $125k if, at the time
the put/call is exercised, the assets of the LLC have a fair market value of
$100-500 million.

Please let me know whether to advise Greg that Enron will accept
responsibility for half the filing fee.  Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

Kay Mann
ccampbell@kslaw.com, jkeffer@kslaw.com


Message-ID: <22588137.1075856562542.JavaMail.evans@thyme>
Date: Fri, 23 Jun 2000 10:43:00 -0700 (PDT)
From: vince.kaminski@enron.com
To: mark.haedicke@enron.com
Subject: Restructuring Today - 6/23
Cc: vince.kaminski@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: vince.kaminski@enron.com
X-From: Vince J Kaminski
X-To: Mark E Haedicke
X-cc: Vince J Kaminski
X-bcc:
X-Folder: \Vincent_Kaminski_Jun2001_4\Notes Folders\'sent mail
X-Origin: Kaminski-V
X-FileName: vkamins.nsf

Mark,

Please, tale a look at the attached newsletter. An interesting story on
gaming Cal
PX. Let me know if you have problems opening the document.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/23/2000
05:45 PM ---------------------------

Energy Info Source <custsvc@energyinfosource.com> on 06/23/2000 07:24:22 AM
To:
cc:
Subject: Restructuring Today - 6/23

Energy Info Source - http://www.energyinfosource.com - is privileged to
make available to you a free trial subscription to Restructuring Today
until July 11.

Restructuring Today is the leading daily trade newsletter focused solely
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Message-ID: <31628629.1075856596717.JavaMail.evans@thyme>
Date: Wed, 16 Aug 2000 02:22:00 -0700 (PDT)
From: custsvc@energyinfosource.com
Subject: Bi-weekly Transmission Update Report
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Energy Info Source is privileged to make available to you a free sample
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Message-ID: <23062015.1075859679281.JavaMail.evans@thyme>
Date: Wed, 29 Nov 2000 03:28:00 -0800 (PST)
From: richard.sanders@enron.com
To: mark.haedicke@enron.com
Subject: Lawsuit Filed In San Diego Vs Enron For Power Mkt Abuses
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Richard B Sanders
X-To: Mark E Haedicke
X-cc:
X-bcc:
X-Folder: \Mark_Haedicke_Dec2000_1\Notes Folders\Notes inbox
X-Origin: Haedicke-M
X-FileName: mhaedic.nsf

----- Forwarded by Richard B Sanders/HOU/ECT on 11/29/2000 11:28 AM -----

	Ann M Schmidt@ENRON
	11/29/2000 10:59 AM

		 To: Richard B Sanders/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Cedric
Burgher/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Vance Meyer/NA/Enron@ENRON, Steven J
Kean/NA/Enron@Enron
		 cc:
		 Subject: Lawsuit Filed In San Diego Vs Enron For Power Mkt Abuses

Lawsuit Filed In San Diego Vs Enron For Power Mkt Abuses

11/29/2000
Dow Jones Energy Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

LOS ANGELES -(Dow Jones)- A second lawsuit is being filed in San Diego
Superior Court Wednesday against Enron alleging the company, and others,
overcharged California consumers more than $4 billion for electricity
service.
On Monday, a similar suit was filed against Dynegy Inc. (DYN), Reliant Energy
Inc. (REI), Duke Energy North America (DUK), Southern Energy Company (SO),
AES Corp., Williams Energy and NRG Energy. Both lawsuits are seeking class
action status and may be consolidated into one complaint.
The complaints allege unfair trade practices and illegal trust activity. A
news conference announcing the details of the lawsuit will be held Wednesday
morning in San Diego.
Enron does not own or operate major generating units in the state, but is
active in trading electricity here and securing long-term fixed rate
contracts for large industrial customers. At times, Enron sells power back
into the California Power Exchange, the market where power is bought and sold
in the state.
An Enron representative said he has not yet seen the lawsuit and was unable
to comment.
The lawsuits claim Enron and the other energy companies withheld power supply
last summer, created shortages by selling power out of state and used
real-time confidential data about power plant activity to drive up prices.
The lawsuits are an attempt to force generators to refund about $4 billion
for electricity, the amount consumers were allegedly overcharged. -By Jason
Leopold; Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.


Message-ID: <8430664.1075862249745.JavaMail.evans@thyme>
Date: Sat, 24 Nov 2001 05:17:09 -0800 (PST)
From: eismail@energyinfosource.com
Subject: US Transmission Industry Report
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Energy Info Source is privileged to offer its best-selling US Transmission
Industry Report.

http://www.energyinfosource.com/products/product.cfm?report_ID=6

The report is a comprehensive 550-page, four-part study of the U.S. Transmission
industry. The report takes a wide-ranging look at changes in the industry
with a heavy emphasis on FERC's drive for RTOs. A major component of the
report is detailed analyses of the FERC-mandated RTO filings.

Topics covered in Volume One (published November 2000) include:
- The History of Transmission
- Impact of FERC Orders 888/889 on Transmission
- FERC's Push Toward ISOs and RTOs through the Merger Approval Process
- Creation and Development of TransCos and GridCos
- Analysis of FERC Final Rule: RTO 2000
- Detailed Discussion, Analysis and Comparison of October 15, 2000 RTO
Filings - including Innovative Rate Treatments
- Listing of All FERC Dockets and Policy Statements Regarding RTO Participation
- Easy Access Side-by-Side Comparison of RTO Filings
- Maps of Territories

Topics covered in Volume Two (published January 2001) include:
- Detailed Discussion, Analysis and Comparison of January 15, 2001 RTO
Filings - including Innovative Rate Treatments
- Discussion of FERC Action on October 15, 2000 RTO Filings
- Analysis of Supplemental RTO Filings by Major TransCos
- Summary of the FERC Investigation into the Bulk Power Markets
- Tracking of California's Wholesale Market Problems
- Summary of NERC Reliability Assessment 2000
- Easy Access Side-by-Side Comparison of RTO Filings

Topics covered in Addendum One (published April 2001) include:
- Analysis of FERC Conditional Approval of GridSouth TransCo
- GridSouth's Request for Clarification on FERC Order
- Analysis of FERC Conditional Approval of GridFlorida TransCo
- Analysis of FERC Conditional Approval of RTO West
- Analysis of FERC Rejection of Southern Company's SeTrans GridCo
- Analysis of FERC Directed Changes to Southwestern Power Pool/Entergy
Hybrid RTO Proposal
- Analysis of FERC Approval of Alliance Compliance Filing
- Update on Alliance and Midwest ISO Settlement

Topics covered in Addendum Two (published October 2001) include:
- The History of FERC RTO Activities
- Analysis of Southeastern RTO Mediation Report
- Analysis of Northeastern RTO Mediation Report
- Update on RTOs - Alliance and Midwest
- Update on TransCos - ITC, TransLink, and WestConnect
- Easy Access Side-by-Side Comparison of Southeastern RTO Alternatives

The report comes in Hardcopy printed form or as an Adobe Acrobat PDF file
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Message-ID: <14269657.1075856319009.JavaMail.evans@thyme>
Date: Fri, 23 Jun 2000 10:43:00 -0700 (PDT)
From: vince.kaminski@enron.com
To: mark.haedicke@enron.com
Subject: Restructuring Today - 6/23
Cc: vince.kaminski@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: vince.kaminski@enron.com
X-From: Vince J Kaminski
X-To: Mark E Haedicke
X-cc: Vince J Kaminski
X-bcc:
X-Folder: \Vincent_Kaminski_Jun2001_1\Notes Folders\All documents
X-Origin: Kaminski-V
X-FileName: vkamins.nsf

Mark,

Please, tale a look at the attached newsletter. An interesting story on
gaming Cal
PX. Let me know if you have problems opening the document.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/23/2000
05:45 PM ---------------------------

Energy Info Source <custsvc@energyinfosource.com> on 06/23/2000 07:24:22 AM
To:
cc:
Subject: Restructuring Today - 6/23

Energy Info Source - http://www.energyinfosource.com - is privileged to
make available to you a free trial subscription to Restructuring Today
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 - rt000623-EIS.pdf


Message-ID: <18994843.1075859548586.JavaMail.evans@thyme>
Date: Mon, 29 Nov 1999 01:49:00 -0800 (PST)
From: elizabeth.sager@enron.com
To: mark.haedicke@enron.com, jeffrey.hodge@enron.com
Subject: Dow Jones Article re EEI Contract
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Elizabeth Sager
X-To: Mark E Haedicke, Jeffrey T Hodge
X-cc:
X-bcc:
X-Folder: \Elizabeth_Sager_Dec2000\Notes Folders\Sent
X-Origin: Sager-E
X-FileName: esager.nsf

Article as per my voice mail.
Thanks
Elizabeth
36349
---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 11/29/99 09:47
AM ---------------------------
From: Christi L Nicolay on 11/24/99 04:50 PM
To: "Betsy Carr" <bcarr@bracepatt.com> @ ENRON
cc: Elizabeth Sager/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT
Subject: Re: Christi, this is generating a lot of interest!

Elizabeth Sager has been working on the EEI contract for Enron.

"Betsy Carr" <bcarr@bracepatt.com> on 11/24/99 03:48:07 PM
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: Christi, this is generating a lot of interest!

Christi, this is generating a lot of interest!

>  By Mark Golden
>
>  A Dow Jones Newswires Column
>
>  NEW YORK (Dow Jones)--"Et tu, Sonnet?"
>
>  The Edison Electric Institute unveiled Wednesday a standardized master
> agreement for trading power, but there's already a standard contract
>  - the one written by the Western Systems Power Pool.
>
>  There are several ways to characterize this battle: East versus West;
> power
> marketers versus utilities; and, even, Southern Co. versus
>  Southern Co. A power struggle has begun, despite the fact that most
> traders, preschedulers and trading managers aren't even aware of the
>  new contract.
>
>  Southern Co. (SO) Vice President Bobby Campo has been a leader in WSPP
> since the organization's inception and has been chairman of its
>  contract committee for four years. Yet Southern Co. Energy Marketing's
> chief counsel, Sonnet Edmonds, is a leader in the rival-contract
>  faction.
>
>  Will EEI, along with its comrade, the National Energy Marketers
> Association, manage to dethrone the WSPP contract or crash? WSPP's
>  raison d'etre is to manage and promote use of its contract, which is
> traded
> extensively in the West and has gained proponents in the East.
>
>  "I'm not real excited about it right now," Campo said of the new
> contract.
> "The EEI contract is being done by contract people and lawyers.
>  We - operators and power marketers - worked on our contract for years
> before we brought in the lawyers. It (the new contract) may die from a
>  lack of interest from participants, but EEI has the ability to keep it
> alive."
>
>  It isn't clear if the big power marketing companies will get the ball
> rolling by asking counterparties to switch to the EEI contract. Edmonds
>  hopes that Southern Co. will do so.
>
>  "Management hasn't given the official word yet, but we participated in
> its
> development, so I imagine we'll use it at some point," she said.
>
>  Enron Corp.'s (ENE) general counsel also worked on the EEI contract, but
> the company hasn't made a decision to actually use it.
>
>  Entergy Corp.'s (ETR) general counsel, Christopher Bernard, led the
> effort
> to develop the new contract as head of NEM's standardized
>  contract committee. But Entergy's Jim Kenney is chairman of WSPP's
> executive committee. Entergy's power trading managers, meanwhile,
>  haven't even read the new contract yet.
>
>  Duke Power Co. (DUK), an NEM member, is looking at it, a spokesman said.
> Enron and Southern Co. aren't NEM members, though they
>  serve on its contract committee.
>
>  Several sources said American Electric Power (AEP) has agreed to be the
> guinea pig, and plans to switch to the EEI contract with
>  counterparties on eastern U.S. trades. A spokesman for the utility
> couldn't
> confirm or deny that rumor because Paul Addis, president of AEP
>  Energy Services, has imposed a vow of silenc

Elizabeth Sager
Mark E Haedicke, Jeffrey T Hodge


Message-ID: <16449107.1075854978643.JavaMail.evans@thyme>
Date: Tue, 9 Oct 2001 14:49:02 -0700 (PDT)
From: matthew.lenhart@enron.com
To: erichardson@sarofim.com
Subject: RE:
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Lenhart, Matthew </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MLENHAR>
X-To: 'Erin Richardson <erichardson@sarofim.com>@ENRON'
X-cc:
X-bcc:
X-Folder: \MLENHAR (Non-Privileged)\Sent Items
X-Origin: Lenhart-M
X-FileName: MLENHAR (Non-Privileged).pst

i am all hot and bothered.

 -----Original Message-----
From: 	Erin Richardson <erichardson@sarofim.com>@ENRON
Sent:	Tuesday, October 09, 2001 4:46 PM
To:	Lenhart, Matthew
Subject:	RE:

ok, but i have to approve them first.

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Tuesday, October 09, 2001 4:46 PM
To: erichardson@sarofim.com
Subject: RE:

oh my god!  i am all worked up here at work.  i am going to find you a
hottie right now.

    -----Original Message-----
   From:   Erin Richardson <erichardson@sarofim.com>@ENRON
   Sent:   Tuesday, October 09, 2001 4:38 PM
   To:     Lenhart, Matthew
   Subject:  RE:

   absolutely.

   -----Original Message-----
   From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
   Sent: Tuesday, October 09, 2001 4:39 PM
   To: erichardson@sarofim.com
   Subject: RE:

   does that mean you would do it even if i didn't win $80million

       -----Original Message-----
      From:   Erin Richardson <erichardson@sarofim.com>@ENRON
      Sent:   Tuesday, October 09, 2001 4:24 PM
      To:     Lenhart, Matthew
      Subject:  RE:

      disgusting, i wouldn't do it.  you'd have to pick someone really
      attractive
      and then i would do it.

      -----Original Message-----
      From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
      Sent: Tuesday, October 09, 2001 4:24 PM
      To: erichardson@sarofim.com
      Subject: RE:

      i thought it was.  i think that girl is hot.  if i won $80million
   that
      is
      the girl i want you to hook up with.

          -----Original Message-----
         From:   Erin Richardson <erichardson@sarofim.com>@ENRON
         Sent:   Tuesday, October 09, 2001 4:18 PM
         To:     Lenhart, Matthew
         Subject:  RE:

         that's not nice.  you should compliment me.  that was not a
      compliment
         though.  nice try.

         -----Original Message-----
         From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
         Sent: Tuesday, October 09, 2001 4:08 PM
         To: erichardson@sarofim.com
         Subject: RE:

         whatever.  i try to be nice and pay you a compliment and you turn
   it
      on
         me.
         i guess i will just never compliment you again.

             -----Original Message-----
            From:   Erin Richardson <erichardson@sarofim.com>@ENRON
            Sent:   Tuesday, October 09, 2001 3:48 PM
            To:     Lenhart, Matthew
            Subject:  RE:

            whatever, you're mean

            -----Original Message-----
            From: Matthew.Lenhart@enron.com
   [mailto:Matthew.Lenhart@enron.com]
            Sent: Tuesday, October 09, 2001 3:46 PM
            To: erichardson@sarofim.com
            Subject: RE:

            those photos are all stretched out.  i can't believe you don't
      think
         she
            is
            pretty

                -----Original Message-----
               From:   Erin Richardson <erichardson@sarofim.com>@ENRON
               Sent:   Tuesday, October 09, 2001 3:33 PM
               To:     Lenhart, Matthew
               Subject:  RE:

                i'm not kidding, i honestly, 100%, do not think she is
   pretty
      and
         am
               insulted by the comparison.

               -----Original Message-----
               From: Matthew.Lenhart@enron.com
      [mailto:Matthew.Lenhart@enron.com]
               Sen


Message-ID: <7208297.1075842227300.JavaMail.evans@thyme>
Date: Tue, 12 Dec 2000 03:07:00 -0800 (PST)
From: dan.hyvl@enron.com
To: jason.williams@enron.com
Subject: Ormet Documents
Cc: craig.breslau@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: craig.breslau@enron.com
X-From: Dan J Hyvl
X-To: Jason R Williams
X-cc: Craig Breslau
X-bcc:
X-Folder: \Dan_Hyvl_Dec2000_June2001\Notes Folders\All documents
X-Origin: HYVL-D
X-FileName: dhyvl.nsf

Please confirm that these changes are acceptable.
----- Forwarded by Dan J Hyvl/HOU/ECT on 12/12/2000 11:05 AM -----

	"Mike Cesario" <MCesario@ormet.com>
	12/12/2000 10:53 AM

		 To: <Craig.Breslau@enron.com>, <Dan.J.Hyvl@enron.com>
		 cc: "Mark Kleinginna" <MKleinginna.WheelingPO.Wheeling_Domain@ormet.com>,
"Tommy Temple" <TTemple.WheelingPO.Wheeling_Domain@ormet.com>
		 Subject: Ormet Documents

Attached is a marked-up draft of the Enron standard confidentiality
agreement.  Please review it and get back to me with your comments.

Additionally, I have attached a copy of the Firm Purchase/Sale Agreement that
makes Ormet's changes to the Guarantee Agreement on Exhibit D consistent on
the Exhibit C Guarantee Agreement.

Pending your comments on the Confidentialty Agreement, the only item
outstanding is the $1.5 million collateral threshhold.

I look forward to hearing from you as soon as possible.

Thanks,
Mike

 - Enron_CA.doc
 - Enron_Agreement.doc


Message-ID: <6229364.1075853244654.JavaMail.evans@thyme>
Date: Wed, 19 Jul 2000 16:27:00 -0700 (PDT)
From: rtellis@milbank.com
To: richard.b.sanders@enron.com
Subject: Nolan Deposition: Day 3
Cc: showard@milbank.com
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: 7bit
Bcc: showard@milbank.com
X-From: RTellis@milbank.com
X-To: Richard.B.Sanders@enron.com
X-cc: SHoward@milbank.com
X-bcc:
X-Folder: \Richard_Sanders_Oct2001\Notes Folders\Nsm
X-Origin: Sanders-R
X-FileName: rsanders.nsf

Kathy continued with Nolan and did not finish.? Nolan is likely to continue
until Friday.? As a result, Izower's deposition has been taken off calendar
for this Friday.

Highlights:

--Kathy spent the bulk of the morning walking Nolan through videos that SDI
personnel took of the poor quality steel being produced at the plant.

--Kathy continued to elicit testimony regarding the problems with the quality
of the steel and the operations of the plant, e.g. Nolan testified that NSM
had $25 million in scrap sitting on the ground and no money to buy pig iron
or spare parts.? (Kathy's point was that NSM spent far to much on scrap
leaving no funds for other necessary items).

--Kathy spent alot of time with Nolan on a meeting that took place in SDI's
offices on Aug. 21 between Busse, Nolan, Bob Walters, Brian Barth, Kevin
McConville and Stickler.? Nolan's handwritten notes of the meeting suggested
that the group decided to abandon the filing of the F-1 and F-4 Registration
Statements with the SEC in order to avoid having to disclose NSM's current
state of affairs.? Nolan did not have a good recollection of the meeting.?
Shortly after this meeting, Busse's lawyer sent a letter to White & Case
indicating that Busse would not sign the Registration Statement.? Nolan's
notes also indicated that Bob Walters reviewed a letter to him from Busse
that has appeared on SDI's privilege log.? Kathy made a formal request for
the document on grounds that the presence of Barth, McConville and Stickler
at the meeting destroyed any attorney client privilege between Busse and his
lawyer.? Gindler refused to produce it on grounds of privilege. (we haven't
heard the end of this issue).

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.


Message-ID: <24166415.1075842917076.JavaMail.evans@thyme>
Date: Wed, 6 Dec 2000 11:16:00 -0800 (PST)
From: james.derrick@enron.com
To: robert.williams@enron.com
Subject: Re: Potential Lawsuit Versus Copel, Petrobras, Compagas, and
 Compagas Board Members
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: James Derrick
X-To: Robert C Williams
X-cc:
X-bcc:
X-Folder: \James_Derrick_Dec2000_June2001_1\Notes Folders\All documents
X-Origin: DERRICK-J
X-FileName: jderric.nsf

Tozzineiis fine by me.

Robert C Williams@ENRON_DEVELOPMENT
12/06/2000 02:20 PM
To: Rob Walls, James Derrick/Corp/Enron@ENRON
cc:

Subject: Potential Lawsuit Versus Copel, Petrobras, Compagas, and Compagas
Board Members

Privileged and Confidential Attorney-Client Communication;  Attorney Work
Product

We may need to file a suit this week or next to enjoin the signing of a gas
supply agreement between Petrobras and Compagas.  As you know, Enron
(Dutapar), Copel, and Petrobras are the three shareholders of Compagas.
Copel has as interest (along with El Paso) in the power plant which would use
the gas.  A contract has already been signed between Compagas and the plant.
The Compagas Board votes on the agreement tomorrow.  The gas supply contract
would have a 20-year term and would be worth $1.2 billion.  The ground for
the suit would be that, under Brazilian law, Compagas is required to solicit
bids for the gas supply arrangement.   Compagas has sought to justify not
soliciting bids on the basis that Petrobras is the only supplier capable of
supplying the gas.  This is incorrect:  Enron, among others, is also capable
of supplying the gas.  We have a legal opinion supporting our position. and
have called for a special shareholders' meeting to discuss the issue.  We
anticipate that Petrobras and Copel, despite their obvious conflict of
interest, will force the issue and will vote in favor of the agreement
nonetheless.

Tozzini Freire has been advising us, and is doing an excellent job.  If you
approve, we would like to continue to use them if litigation is necessary.

Please call me or Randy with any comments or questions.

Thank you.


Message-ID: <722030.1075852895202.JavaMail.evans@thyme>
Date: Mon, 27 Aug 2001 09:11:13 -0700 (PDT)
From: kimberly.watson@enron.com
To: jean.mcfarland@enron.com
Subject: FW: "A POSSIBLE OIL/BUSINESS VENTURE"
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Watson, Kimberly </O=ENRON/OU=NA/CN=RECIPIENTS/CN=KWATSON>
X-To: McFarland, Jean </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jmcfarl>
X-cc:
X-bcc:
X-Folder: \KWATSON (Non-Privileged)\Watson, Kimberly\Sent Items
X-Origin: Watson-K
X-FileName: KWATSON (Non-Privileged).pst

Yikes, another message.  Thanks, Kim.

-----Original Message-----
From: richard igho [mailto:drighorich@yahoo.co.uk]
Sent: Monday, August 27, 2001 8:12 AM
To: kwatson@enron.com
Subject: "A POSSIBLE OIL/BUSINESS VENTURE"

Presidential Task Force on Oil
spillage,DepartmentofPetroleum Resources,
Victoria Island,Lagos Nigeria.BUSINESS PROPOSAL
WORTH$31.8 MILLION DOLLARS
STRICTLYCONFIDENTIAL  Dear Sir/Madam,
This proposal is coming to you with the ardent belief
that you will take advantage of our goodwill and out
of our desperation to have a trusted foreign partner
whom we can entrust our funds with for safekeeping.
This is not a fairy tale but for real. I am
Dr.Igho Richard, the secretary to the
PresidentialTaskforce on
Oil spillage in my country. We are the 6th largest
producer of crude oil in the world and more often than
not, we always experience oil spillage in the Niger
Delta region of my country. These spillage causes a
lot of havoc to inhabitants of the community and hence
contracts are awarded especially to foreign firms to
clean and mop up the spilled crude oil from the areas
affected. The spillage sometimes cover several
kilometres and the value of contract also runs into
millions of dollars. Between 1999 to 2000, some
contracts were awarded to a conglomerate of foreign
firms by  my committee. While awarding these
contracts, we have taken time to deliberately over
invoice one of them to the tune of $31.8m ( Thirty
one million, eight hundred thousand dollars)
What we did was to in addition to the original
contract sum, revaluate and approve this amount
separately and it is presently lying idle in a
suspense account with our apex bank here in Nigeria.
This amount by all standard now belongs to us but we
cannot claim it because it has been made to appear in
the ledger as belonging to a foreign contractor. What
we desire at this moment is to have this funds
transferred into a foreign account but being civil
servants who are still in active government service,
we are barred from maintaining bank accounts overseas.
Thus we have decided to solicit your assistance with a
view to going into a joint partnership to get this
fund out from the bank. At this juncture, we want you
to provide us with a bank account where this fund can
be transferred into first and thereafter, we would
come over to your country to take possession of our
share where we hope to invest part in profitable
ventures with you as our adviser. We would like to
inform you that the nature of your business or
profession at this point is immaterial  because in all
over the world, bigger firms after bidding for and
winning some contract especially in a third world
economy like ours, do subcontract part or whole of the
contract to other firms for execution. It could also
be carried out in any capacity as an individual. So,
you or your organization, having the status of a
subcontractor , with proper documentation, can file an
application for the payment of this fund in your name
and into your bank account. We have agreed in
principle to share this fund in these ratio: 74.5%
will be for my colleagues and I, 25% will be given to
you for your assistance and .5% has been earmarked to
take care of any expenses during the course of this
transaction. All modality for the smooth transfer of
this fund has been worked out and it meets all legal
and administrative requirement in Nigeria as
applicable to foreign contrac


Message-ID: <17077584.1075859390743.JavaMail.evans@thyme>
Date: Sat, 1 Dec 2001 13:04:04 -0800 (PST)
From: alan.aronowitz@enron.com
To: william.krenz@enron.com, rob.walls@enron.com, e..haedicke@enron.com,
	lisa.mellencamp@enron.com
Subject: RE: EcoElecrica / Possible Mirant Offset
Cc: a..hughes@enron.com, mariella.mahan@enron.com, ermes.melinchon@enron.com,
	coralina.rivera@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: a..hughes@enron.com, mariella.mahan@enron.com, ermes.melinchon@enron.com,
	coralina.rivera@enron.com
X-From: Aronowitz, Alan </O=ENRON/OU=NA/CN=RECIPIENTS/CN=AARONOW>
X-To: Krenz, William </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Notesaddr/cn=fcd567ae-a24c49c0-86256783-5157f5>, Walls Jr., Rob </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rwalls>, Haedicke, Mark E. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mhaedic>, Mellencamp, Lisa </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Lmellen>
X-cc: Hughes, James A. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jhughes>, Mahan, Mariella </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mmahan>, Melinchon, Ermes </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Notesaddr/cn=cd827be4-b0ccc88a-86256b03-59098>, Rivera, Coralina </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Crivera2>
X-bcc:
X-Folder: \Mark_Haedic_Jan2002\Haedicke, Mark E.\Inbox
X-Origin: Haedicke-M
X-FileName: mhaedic (Non-Privileged).pst

Bill and I just spoke with Elizabeth Sager about this potential issue.

Alan

 -----Original Message-----
From: 	Krenz, William
Sent:	Saturday, December 01, 2001 2:03 PM
To:	Walls Jr., Rob; Haedicke, Mark E.; Mellencamp, Lisa; Aronowitz, Alan
Cc:	Hughes, James A.; Mahan, Mariella; Melinchon, Ermes; Rivera, Coralina
Subject:	EcoElecrica / Possible Mirant Offset
Importance:	High
Sensitivity:	Confidential

All:  I understand that Mirant, the buyer in our EcoElectrica deal, may have some outstanding trading exposure with Enron and/or its affiliates.  The issue has been raised of whether Mirant may attempt to offset amounts to which Mirant believes it is entitled against the $266 million purchase price that Mirant is obligated to pay an Enron affiliate in the EcoElectrica deal.  I understand that Enron has netting agreements in place with certain counterparties which may permit such offsets.  Which lawyer in the Enron trading world can help me determine what, if any, contractual arrangements are in place with Mirant that bear on this important issue?  Pls let me know.

Bill Krenz
X67749


Message-ID: <6341088.1075859988612.JavaMail.evans@thyme>
Date: Sun, 5 Mar 2000 13:00:00 -0800 (PST)
From: bryan.seyfried@enron.com
To: rod.nelson@enron.com, tomas.valnek@enron.com
Subject: Re: Indicative request to buy
Cc: john.metzler@enron.com, paul.simons@enron.com, mark.taylor@enron.com,
	william.bradford@enron.com, edmund.cooper@enron.com,
	debbie.brackett@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: john.metzler@enron.com, paul.simons@enron.com, mark.taylor@enron.com,
	william.bradford@enron.com, edmund.cooper@enron.com,
	debbie.brackett@enron.com
X-From: Bryan Seyfried
X-To: Rod Nelson, Tomas Valnek
X-cc: John Metzler, Paul Simons, mark taylor, William S Bradford, Edmund Cooper, Debbie R Brackett
X-bcc:
X-Folder: \Mark_Taylor _Dec_2000\Notes Folders\Notes inbox
X-Origin: Taylor-M
X-FileName: mtaylor.nsf

lets try to work through this one.  it will be a good example of potential
energy deals and give us a good feel of how far out of the zone this is or
whether it will simply take some work.

bs

To: Tomas Valnek/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT
cc: Paul Simons/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Debbie R
Brackett/HOU/ECT@ECT

Subject: Re: Indicative request to buy

Unfortunately, it's not quite that simple.  Duke Energy Trading & Marketing
is a marketing sub and does not prepare separate financials.  The S&P rating
is based on an implied guaranty from Duke Energy.  Legal would also need to
review this counterparty from the standpoint of confidentiality agreement
violations.

Also, as a trading counterparty, Sempra Energy Trading is not authorized for
credit derivative trading, because the existing guaranty does not explicitly
cover this type of transaction.  If Sempra wishes to transact out of this
entity, we can look into amending the guaranty to cover this product.  This
will require legal efforts and approval.

Rod

Tomas Valnek
03/02/2000 08:36 AM
To: William S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Rod
Nelson/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Paul Simons/LON/ECT@ECT, Edmund
Cooper/LON/ECT@ECT
cc: John Metzler/LON/ECT@ECT, Martin McDermott/LON/ECT@ECT
Subject: Indicative request to buy

Both of  these entities have an E-rating of 3. Any issues?

Tomas

---------------------- Forwarded by Tomas Valnek/LON/ECT on 02/03/2000 14:36
---------------------------

John Metzler
01/03/2000 15:41
To: Martin McDermott/LON/ECT@ECT, Tomas Valnek/LON/ECT@ECT
cc:

Subject: Indicative request to buy

Reference Name:  Duke Energy Trading & Marketing (sub of Duke energy -- he
claims they have their own debt)
Counterparty:   Sempara Energy Trading
Term:    2 years
Notional Amount:  $2 million (I made that up)

John


Message-ID: <28157163.1075845818749.JavaMail.evans@thyme>
Date: Mon, 5 Mar 2001 09:59:00 -0800 (PST)
From: carlos.sole@enron.com
To: ccampbell@kslaw.com, kay.mann@enron.com, jkeffer@kslaw.com
Subject: Issues List for LLC Documents with Panda Energy and Delta
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Carlos Sole
X-To: ccampbell@kslaw.com, kay.mann@enron.com, jkeffer@kslaw.com
X-cc:
X-bcc:
X-Folder: \Kay_Mann_June2001_2\Notes Folders\Discussion threads
X-Origin: MANN-K
X-FileName: kmann.nsf

Apologies to Carolyn for the repeated misspellings below.

----- Forwarded by Carlos Sole/NA/Enron on 03/05/2001 05:59 PM -----

	Carlos Sole
	03/05/2001 05:55 PM

		 To: kay.mann@enron.com
		 cc: ccampbell@kslaw.com, jkeffer@kslaw.com
		 Subject: Issues List for LLC Documents with Panda Energy and Delta

Kay, as I told you, Carolyn put out a set of intial draft documents and we
debriefed Jake and Stephen.  Based on our meeting, Carolyn was going to make
certain revisions based on the answers to the questions below and certain
other items we raised during our meeting.  Nevertheless, your input is
required on the following:

1.  We have discussed eliminating the payment of a development fee, which if
Delta /  Panda were to breach its obligations prior to the funding of the
Escrow would be non-refundable and serve as a form of liquidated damages.
Commercially the inclination is to avoid that fee, we need to confirm that
approach.

2.  We need to interface with Dale Rasmussen on the status of the break out
contract and how quickly it can be incorporated into the form of Facility
Agreement that would be part of our transaction.

3.  Have we established an LLC that will be sold for this project.

4.  Please see Caroline's questions 6, 7 and 13 below.

5.  Please see faxes that I left on your chair on the broker issue and
whether we need to respond in writing.  Sheila Tweed's position was not to.

6.  John asked whether K&S should open a separate subfile or include the time
charged within the Blue Dog file?

Thanks and we'll talk tomorrow.

----- Forwarded by Carlos Sole/NA/Enron on 03/05/2001 05:46 PM -----

	Jake Thomas@ECT
	03/05/2001 02:34 PM

		 To: Stephen Thome/HOU/ECT@ECT
		 cc: Carlos Sole/NA/Enron@Enron
		 Subject: Re: Initial Draft of LLC Documents with Panda Energy

See Comments in Red Below

Stephen Thome
03/05/2001 12:23 PM
To: Jake Thomas/HOU/ECT@ECT
cc: Carlos Sole/NA/Enron@Enron
Subject: Re: Initial Draft of LLC Documents with Panda Energy

Jake,

Do you want to make suggestions with regard to #3, #7, #13

Please advise of the following additional information in order that we may
complete
the enclosed documents:

1.  Full name of Panda Energy; Panda Energy International, Inc. Don't we have
two sets of doc's going out ?  The other would be for Delta Power Company LLC
2.  Type of entity of Panda Energy (this affects the representations in
Section 3.2.1 et seq. of the LLC Agreement);  Privately held company
3.  Name of the new LLC formed by ENA;  Salmon Street Energy? Spawn Energy
LLC ? (I'm totally indifferent
4.  Date of organization of the new LLC;
5.  Purchase Price payable by Panda;  $65,800,000.00 ($68,000,000.00) What
would ENA's 20% interest be valued at?
6.  Section 5(a) - there is a substantive question as to what ENA is
responsible for in connection with the Turbine Contract (I included in
brackets the alternative that was originally in the prototype document and
also the alternative as modified by Kay Mann);
7.  Outside date after which either party could terminate if transaction is
not closed;  7 April 2001?
8.   Date of confidentiality agreement;
9.  Identity of any broker used by Panda or ENA; Tom Young (I don't know if
he represents a brokerage firm).NOT!!!10.  Address for notice to Panda;

4100 Spring Valley, Suite 1001
Dallas, Texas 75244

11.  Confirmation that Purchase Amount is defined in the Turbine Contract;
12.  Confi


Message-ID: <3897617.1075853208344.JavaMail.evans@thyme>
Date: Sun, 25 Feb 2001 22:38:00 -0800 (PST)
From: richard.sanders@enron.com
To: steve.hall@enron.com
Subject: Re: $80 million
Cc: christian.yoder@enron.com, gfergus@brobeck.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: christian.yoder@enron.com, gfergus@brobeck.com
X-From: Richard B Sanders
X-To: Steve C Hall
X-cc: Christian Yoder, gfergus@brobeck.com
X-bcc:
X-Folder: \Richard_Sanders_Oct2001\Notes Folders\All documents
X-Origin: Sanders-R
X-FileName: rsanders.nsf

Looks good. I would send it from me to Lisa Urrick at the PX instead. What do
you think?

	Steve C Hall
	02/23/2001 03:51 PM

		 To: gfergus@brobeck.com, Richard B Sanders/HOU/ECT@ECT, Christian
Yoder/HOU/ECT@ECT
		 cc:
		 Subject: $80 million

Gary,

The only suggestion I have for the letter involves your reference to the FTR
Auction.  I would propose that you revise 2(b) of the letter to read as
follows:

b. Has the CalPX made any attempts to have the ISO apply the approximately
$80 million in proceeds from the ISO's recent Firm Transmission Right auction
to PG&E and Edison's ISO real-time charges incurred while the CalPX was
acting as Scheduling Coordinator for the two utilities?

Here is the original sentence:  "b. Has the CalPX credited the $80,000,000 in
auction revenue for the Firm Transmission Rights from the auction held in
January in any of these chargeback calculations?"

The FTR proceeds are held by the ISO, not the PX, making it impossible for
the PX to credit the IOUs for these amounts.

Steve
---------------------- Forwarded by Steve C Hall/PDX/ECT on 02/23/2001 01:23
PM ---------------------------

Christian Yoder

02/23/2001 11:57 AM
To: Steve C Hall/PDX/ECT@ECT
cc:

Subject: $80 million

Let's try to think this through today.---cgy
---------------------- Forwarded by Christian Yoder/HOU/ECT on 02/23/2001
11:25 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Fergus, Gary S." <GFergus@brobeck.com>
02/23/2001 10:11 AM

To: "Richard B. Sanders Esq. (E-mail)" <richard.b.sanders@enron.com>, "Harry
A. Olivar Jr. (E-mail)" <hao@quinnemanuel.com>, "Christian. Yoder (E-mail)"
<cyoder@enron.com>, "Stephen C. Hall (E-mail)" <schall@stoel.com>, "Timothy
Belden (E-mail)" <tim.belden@enron.com>
cc:
Subject: $80 million

Here is a draft letter to the CalPX for your review and comments.

Thanks.
Gary

 <<whitwell2.23.doc>>

=======================================================
This email message is for the sole use of the intended recipient(s) and may
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use, disclosure or distribution is prohibited. If you are not the intended
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To reply to our email administrator directly, send an email to
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 - whitwell2.23.doc


Message-ID: <26272343.1075852002301.JavaMail.evans@thyme>
Date: Thu, 21 Jun 2001 03:17:00 -0700 (PDT)
From: janine.migden@enron.com
To: richard.shapiro@enron.com, james.steffes@enron.com
Subject: ComEd Rate case - CONFIDENTIAL
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Janine Migden
X-To: Richard Shapiro, James D Steffes
X-cc:
X-bcc:
X-Folder: \Richard_Shapiro_Nov2001\Notes Folders\Discussion threads
X-Origin: SHAPIRO-R
X-FileName: rshapiro.nsf

----- Forwarded by Janine Migden/NA/Enron on 06/21/2001 10:16 AM -----

	Marc Ulrich@EES
	06/20/2001 04:39 PM

		 To: Rogers Herndon/Enron@EnronXGate, James W Lewis/HOU/EES@EES, Jeff
Rudolph/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Gordon Savage/HOU/EES@EES
		 cc: Berney C Aucoin/Enron@EnronXGate, Guy Sharfman/HOU/EES@EES, Janine
Migden/NA/Enron@Enron, Roy Boston/HOU/EES@EES, Harry
Kingerski/NA/Enron@Enron, Jeff Merola@EES, J Ryan Frazier/HOU/EES@EES
		 Subject: ComEd Rate case - CONFIDENTIAL

FYI - As you may have heard, ComEd has filed to raise T&D rates about 37%
(about $5.5/MWh).  If they are granted the full increase in rates, our
existing position will undoubtedly take a hit.  There are 3 potential but
independent effects on our book...

Primary Effect - Assuming all customers have zero CTC, if T&D rates go up
$5.5/MWh on average and we have 8.5million MWh so -$47m hit to the book.
However, we do have customers with positive CTCs that should offset some of
this increase and true impact would likely be around -$12m. Remember this
assumes ComEd get's the full $5.5/MWh increase they're asking for.

Secondary Effect - Assume we still cannot deliver physically in IL.  With
higher distribution rates customers are now more likely to get kicked off PPO
(bc CTC=0) and we're returning them to bundled rates (Illinois State Univ.
problem).  The impact would be about -$21m  [($71 - $76)/MWh * 4.2m MWh =
-$21] if everyone's returned to BBR and we do not deliver.  The formula above
is [(Avg price Customers are paying us - Avg BBR price)*(MWhs for 2005-2010)].

Tertiary Effect - We figure setup a desk to physically deliver and our
delivery service rates are now higher.  We're back to the Primary effect.
However, if we can beat the generation prices embedded in PPO we're likely to
offset that -$12m.

These are not additive effects and should not be summed.  They are worst-case
scenarios under various states of the world.  Also they are rough estimates.
Finally, remember that no book impacts will be made until we understand which
states of the will take place after the final order in April 2002.

I'm working closely with Janine Migden, Roy Boston, Guy Sharfman, and Harry
Kingerski to identify which areas Enron will address in the rate case.

Please do not share this information freely.  We are trying to negotiate with
ComEd for wholesale energy and services and this information could
tremendously hurt our negotiating position.

Please feel free to ask me questions on anything.
Marc Ulrich

Richard Shapiro, James D Steffes
Janine Migden


Message-ID: <8355160.1075840513128.JavaMail.evans@thyme>
Date: Fri, 3 May 2002 11:28:48 -0700 (PDT)
From: chris.germany@enron.com
To: jjtaylor@reliant.com
Subject: RE: Gas flow and prepayment schedule through 5/5/02
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Germany, Chris </O=ENRON/OU=NA/CN=RECIPIENTS/CN=CGERMAN>
X-To: '"Taylor, Jim J" <JJTaylor@reliant.com>@ENRON'
X-cc:
X-bcc:
X-Folder: \ExMerge - Germany, Chris\Sent Items
X-Origin: GERMANY-C
X-FileName: chris germany 6-25-02.pst

Nosir.  You are the man working on this FREAKY pipe.

 -----Original Message-----
From: 	"Taylor, Jim J" <JJTaylor@reliant.com>@ENRON
Sent:	Friday, May 03, 2002 11:17 AM
To:	Germany, Chris
Subject:	RE: Gas flow and prepayment schedule through 5/5/02

you the man

-----Original Message-----
From: Germany, Chris [mailto:Chris.Germany@enron.com]
Sent: Friday, May 03, 2002 11:10 AM
To: Germany, Chris; Taylor, Jim J; Garner, Melissa L.; DeLeon, Shelley R
Cc: Torres, Pete; Kirkpatrick, Shawn; Hamic, Priscilla; Dhont, Margaret;
Polsky, Phil; Page, Anny; Wheeler, Tiffanie A.; Brady, Kevin; Kelly,
Katherine L.; Greif, Donna; Barbe, Robin
Subject: Gas flow and prepayment schedule through 5/5/02

Reliant should receive a payment of $10,000.00 today which will give us a cash balance of $60,820.00.

Have a good weekend.

 <<ENA-Reliant Prepay.xls>>

**********************************************************************
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.
**********************************************************************


Message-ID: <27187910.1075849437228.JavaMail.evans@thyme>
Date: Tue, 19 Jun 2001 12:01:00 -0700 (PDT)
From: alan.comnes@enron.com
To: james.steffes@enron.com, jennifer.thome@enron.com, ban.sharma@enron.com,
	jeff.dasovich@enron.com
Subject: DWR Stranded costs: $21 billion
Cc: tim.belden@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: tim.belden@enron.com
X-From: Alan Comnes
X-To: James D Steffes, Jennifer Thome, Ban Sharma, Jeff Dasovich
X-cc: Tim Belden
X-bcc:
X-Folder: \Jeff_Dasovich_Oct2001\Notes Folders\Notes inbox
X-Origin: DASOVICH-J
X-FileName: jdasovic.nsf

I pulled the recent forward curves (confidential; not for external release
without approval from West Power) and computed the stranded costs associated
with the DWR contracts.  Assuming SP15 on peak (which is conservative since
many of the contracts had off peak energy in them) the total overmarket is
$21 billion, or $13 billion discounted at 12%.  The former number is most
comparable to the $40+ billion DWR expenditure commitement number.

If we want to use this for any sort of external message I would like to
refine further.

Alan