I based the code of conduct on what Sam Behrends had drafted for
the NETCO MBR application; as you suggest, it may be preferable to
use the code that EPMI or PGE uses.  One other thing that we still
need to focus on is the undertaking in footnote 17 of the February
1 draft concerning standards of conduct for the pipelines, or at
least Transwestern..

-----Original Message-----
From: James.D.Steffes@enron.com [mailto:James.D.Steffes@enron.com]
Sent: Sunday, February 03, 2002 4:26 PM
To: Fels, Nicholas
Cc: Louise.Kitchen@enron.com; Haedicke@enron.com;
louis.eber@ubsw.com
Subject: RE: UBS Notes at FERC Mtg


Looks good.  I need to find a different version of Code of Conduct
that
more closely mimics EPMI and PGE version.  The agreement in
Appendix B
right now may be too restrictive for our current dealings.

Agree that we need to finish up details of (a) data transfer and
(b)
transistional services agreement.

In my discussions on Friday, the transitional services will be
"agent" type
activities.  Enron needs help in making sure that it can service
its
contracts.  No UBS Warburg Energy employee will make commercial
decisions
for Enron - simply perform directed activities.

The question of data transferred is still outstanding, but I will
hopefully
know more on Monday am.  I am checking on exactly how much
Counterparty
info will be held by UBS Warburg Energy.

I plan on being in your office first thing Tues am.

Thanks,

Jim

   -----Original Message-----
   From: "Fels, Nicholas" <nfels@cov.com>@ENRON [mailto:"Fels,
Nicholas"
   <nfels@cov.com>@ENRON]
   Sent: Sat 2/2/2002 5:27 PM
   To: Steffes, James D.
   Cc:
   Subject: RE: UBS Notes at FERC Mtg



   Here is what I had come up with. My thought is that the bold
Roman

   numeral headings would make up an agenda, which we should send
to

   Cindy Marlette on Monday, along with a list of those who will

   attend for UBS.  The subheadings, which would not appear on the

   what we send to FERC, would be the main items for discussion.

   I don't think your approach and mine are very far apart.  I
might

   be somewhat less affirmative about raising the Section 203
issue.

   It will surely come up as we describe what will or will not be

   transferred.

   I also think it would be very helpful to clear up the points
about

   the approach to existing Enron customers, and the transitional

   arrangements before the meeting  I would like, in any event, to

   put something into the MBR application on transition
arrangements

   that is more definitive--in the right way--than footnote 12 of
the

   draft I sent out yesterday.





   -----Original Message-----

   From: Steffes, James D. [mailto:James.D.Steffes@ENRON.com
   <mailto:James.D.Steffes@ENRON.com>]

   Sent: Friday, February 01, 2002 7:27 PM

   To: Fels, Nicholas

   Subject: UBS Notes at FERC Mtg


   Nick --

   Here is a draft of some talking points on the FERC meeting.
May

   need to shorten.  I am very concerned about the data UBS will

   acquire and the access to contracts, and implications for 203.

   Jim

    <<UBS Pre-Filing Outline.doc>>



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    - AGENDA FOR UBS AG MEETING WITH FERC STAFF2-2.doc << AGENDA
FOR UBS AG
   MEETING WITH FERC STAFF2-2.doc >>