Rick Causey came to see me asking us to firm up our Q2 numbers.  Can we let Rick know that your Q2 numbers are likely to be up?  If so by how much?


From:	PEGGY FOWLER/ENRON@enronxgate on 05/10/2001 07:54 PM
To:	Stanley Horton/Corp/Enron@Enron
cc:	 

Subject:	Weekly Update May 7-11, 2001 

-Presentation to potential buyer went well. Questions mostly around power
supply trading, and risk/reward formula with customers and shareholders, that
is in agreement with OPUC.
-California's rolling black-outs have pushed up prices in the West, allowing
opportunities for PGE to continue to sell into the market.
-All IOUs, State Agencies (OR,ID,WA), Power Councils, BPA, and security
coordinator met to address emergency preparedness. There is beginning to be
heightened concern about Fall and Winter supply.
-Union negotiations continued, and progress was made understanding needs and
issues. Next meeting scheduled for May 21. Union seems to be in no hurry, and
needs for time to get interests aligned.
-De-reg Bill continues to be uncertain. It has become a political football,
where legislatures are convinced, who ever carries or doesn't carry forward,
depending on future power situation, will determine which party ends up in
majority, and as governor in the state. Politics....ugh
-Final contracts should be received tomorrow. Will work to turn them around as
quickly as possible, but I know people will need a few days with them, and a
few more issues may need to be addressed. There are some employment
agreements, and other contracts that were put in place by others, that have
created some benefits, that people feel they are giving up with new
agreements. Some is perception, some is real, some is lack of trust for
Enron's  intent, when things are not written precisely.