Subject: Re: US Pwr Fin Swap (Weather Desk) FINAL VERSION
From: [email-masked]
To: [email-masked], [email-masked]
Cc: [email-masked]
Date: Tue, 17 Oct 2000 05:05:00 -0700 (PDT)

Melba:

This product type is fine.  Please send this revised product to Mark for his 
approval.  (Let Dale know that I have had a couple of urgent NetWorks matters 
come up and may not get to the power products until tomorrow.)

Leslie

	Melba Lozano
	10/17/2000 10:48 AM
		 
		 To: Leslie Hansen/HOU/ECT@ECT
		 cc: Claudio Ribeiro/Corp/Enron@Enron
		 Subject: US Pwr Fin Swap (Weather Desk) FINAL VERSION

US Pwr Fin Swap  PJM DemPk 10/MW         Nov00           USD/MW

A US Power Demand Financial Swap Transaction with Enron North America Corp., 
under which the Seller is obliged to pay the Payment Amount to the Buyer 
where the Floating Amount is above the Strike Amount, or where the Buyer is 
obliged to pay the Payment Amount to the Seller where the Floating Amount is 
below the Strike Amount.  The Strike Amount is the amount in Megawatts 
submitted in the "price" field by Counterparty via the website. The Notional 
Amount is the product of the quantity submitted by Counterparty via the 
website and the Pay Unit. The Payment Amount is the product of (i) the 
Notional Amount and (ii) the absolute value of the difference between the 
Floating Amount and the Strike Amount.  The Payment Amount will be payable on 
or before ten (10) business days after the Floating Amount for the 
Calculation Period is determinable.
The Calculation Period is from and including the Effective Date of 01 Nov 
2000 (Initial Date) to and including the Termination Date of 30 Nov 2000 (End 
Date).
The Floating Amount shall be the arithmetic average of the hourly PJM loads 
for Peak hours on each Delivery Day during the Calculation Period. The 
Floating Amount shall be calculated utilizing the hourly integrated loads 
published by PJM Interconnection, LLC ("PJM") on its official web site 
currently located at ftp://www.pjm.com/pub/account/loadhryr/index.html, or 
any successor thereto, under the heading "PJM Hourly Load Data".
The price is quoted in US Dollars per unit of volume, which will be the 
Contractual Currency.
The unit of measure against which the price is quoted shall be megawatts and 
the quantity shown shall be in total MWs.
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning 
with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 
(11:00 pm) Eastern Prevailing Time.  "Delivery Day" means a day during the 
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or 
Friday, excluding any day that is a NERC holiday.
The Pay Unit is 10 USD.

---------------------- Forwarded by Melba Lozano/HOU/ECT on 10/16/2000 03:49 
PM ---------------------------

From:  Melba Lozano                                                           
  10/12/2000 11:04 AM	

	                           

To: Mark Taylor/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Jeff 
Blumenthal/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Stacey W 
White/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Karen 
Lambert/HOU/ECT@ECT 
Subject: US Pwr Fin Swap (Weather Desk) EXTERNAL - (REVISED LANGUAGE)

PLEASE SEE REVISED EXAMPLE:

US Pwr Fin Swap  PJM DemPk 10/MW         Nov00           USD/MW

A US Power Demand Financial Swap Transaction with Enron North America Corp., 
under which the Seller is obliged to pay the Payment Amount to the Buyer 
where the Floating Amount is above the Strike Amount, or where the Buyer is 
obliged to pay the Payment Amount to the Seller where the Floating Amount is 
below the Strike Amount.  The Strike Amount is the amount in Megawatts 
submitted in the "price" field by Counterparty via the website. The Notional 
Amount is the product of the quantity submitted by Counterparty via the 
website and the Pay Unit. The Payment Amount is the product of (i) the 
Notional Amount and (ii) the absolute value of the difference between the 
Floating Amount and the Strike Amount.  The Payment Amount will be payable on 
or before ten (10) business days after the Floating Amount for the 
Calculation Period is determinable.
The Calculation Period is from and including the Effective Date of 01 Nov 
2000 (Initial Date) to and including the Termination Date of 30 Nov 2000 (End 
Date).
The Floating Amount shall be the arithmetic average of the hourly PJM loads 
for Peak hours on each Delivery Day during the Calculation Period. The 
Floating Amount shall be calculated utilizing the hourly integrated loads 
published by PJM Interconnection, LLC ("PJM") on its official web site 
currently located at ftp://www.pjm.com/pub/account/loadhryr/index.html, or 
any successor thereto, under the heading "PJM Hourly Load Data".
The price is quoted in US Dollars per unit of volume, which will be the 
Contractual Currency.
The unit of measure against which the price is quoted shall be megawatts and 
the quantity shown shall be in total MWs.
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning 
with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 
(11:00 pm) Eastern Prevailing Time.  "Delivery Day" means a day during the 
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or 
Friday, excluding any day that is a NERC holiday.
The Pay Unit is 100 USD.

---------------------- Forwarded by Melba Lozano/HOU/ECT on 10/12/2000 10:58 
AM ---------------------------

From:  Melba Lozano                                                           
  10/12/2000 10:32 AM	

	                           

To: Mark Taylor/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Jeff 
Blumenthal/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Stacey W 
White/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Karen 
Lambert/HOU/ECT@ECT 
Subject: US Pwr Fin Swap (Weather Desk) EXTERNAL

Your review and approval of the following product type in the EOL Datamanager 
is needed (for directions on approval , please see steps for approval at the 
bottom of this e-mail).    

This Product Type is already offered in production to INTERNAL customers on 
the website.  It now needs to be offered to EXTERNAL customers.

EXAMPLE:
US Pwr Fin Swap  PJM DemPk 10/MW         02-06Oct00      USD/MW

A US Power Demand Financial Swap Transaction with Enron North America Corp., 
under which the Seller is obliged to pay the Payment Amount to the Buyer 
where the Floating Amount is above the Strike Amount, or where the Buyer is 
obliged to pay the Payment Amount to the Seller where the Floating Amount is 
below the Strike Amount.  The Strike Amount is the amount in Megawatts 
submitted in the "price" field by Counterparty via the website. The Notional 
Amount is the product of the quantity submitted by Counterparty via the 
website and the Pay Unit. The Payment Amount is the product of (i) the 
Notional Amount and (ii) the absolute value of the difference between the 
Floating Amount and the Strike Amount.  The Payment Amount will be payable on 
or before ten (10) business days after the Floating Amount for the 
Calculation Period is determinable.
The Calculation Period is from and including the Effective Date of 02 Oct 
2000 (Initial Date) to and including the Termination Date of 06 Oct 2000 (End 
Date).
The Floating Amount shall be the arithmetic average of the hourly PJM loads 
for Peak hours on each Delivery Day during the Calculation Period. The 
Floating Amount shall be calculated utilizing the hourly integrated loads 
published by PJM Interconnection, LLC ("PJM") on its official web site 
currently located at ftp://www.pjm.com/pub/account/loadhryr/index.html, or 
any successor thereto, under the heading "PJM Hourly Load Data".  The 
transaction is for on-peak ("Peak") hours on each Delivery Day beginning with 
the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 
(11:00 pm) Eastern Prevailing Time.  "Delivery Day" means a day during the 
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or 
Friday, excluding any day that is a NERC holiday.
The price is quoted in US Dollars per unit of volume, which will be the 
Contractual Currency.
The unit of measure against which the price is quoted shall be megawatts and 
the quantity shown shall be in total MWs.
The Reference Basis is 65 Degrees Fahrenheit and the Reference Degrees are in 
Fahrenheit.
The Pay Unit is 100 USD.
The Maximum Payout Limit is 20000 USD, multiplied by the quantity submitted 
by the Counterparty via the website.

==============================================================================
=====
STEPS FOR APPROVAL:

click the  START button 
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD 
click the Enron Online Production Cluster "START" button  
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up 
TO APPROVE:  Right mouse click on "Approved"
  
Thanks - Rob Cass  -  Melba Lozano
x35491   x58986