1. Portland West Power & Origination
Project Doorstep
Portland West Power & Origination
Office Visit October 2 - 4, 2000

2. Index Topic Page Number Executive Summary 3 Personnel Involved 4
General Office Information 5 - 6
Finding 7

3. Executive Summary
Overall, effective controls are in place. Portland commercial personnel, as well as Portland and Houston commercial support personnel have an adequate understanding of Enron processes, controls, and required protocols. Proper segregation of duties between commercial and Energy Operations departments exist.
The Portland office has not provided contracts for five other “non-standard” deals, which were on October 2.

4. Personnel involved Doorstep Personnel: Portland Personnel interviewed:
Ken Horton, RAC
Maribel Mata, RAC
Rebecca Phillips, RAC
Shona Wilson, ENA
Tracy Ngo, RAC
Portland Personnel interviewed:
Tim Belden - VP West Power Trading
Michael Swerzbin - Northwest Term
Chris Calger - ENA West Origination
Smith Day - Cash - California
Cara Semperger - Logistics - NW
Monica Lande - Transaction Support
Carla Hoffman - Staff California
Chris Foster - Middle Market
Greg Wolfe - Services Desk
Jeff Richter - Cash - California
Phil Platter - Cash - California
Murray O’Neil - Volume Management
Chris Stokely - Volume Management
Houston Personnel interviewed:
Stacy White - Risk Management
J. Hunter - Confirmations
Kyle Gibson - Settlements
Dan Houston - Settlements
Tracy Greene - Accounting
Rhonda Denton - Legal

5. General Office Information
The Portland Power Group can be broken down into two groups: West Power Trading and West Origination.
Tim Belden manages the West Power Trading group. West Power is broken down into Volume Management, Middle Market, Northwest, California, Southwest, Real Time, Fundamental Analysis, and the Services Desk. The NW, California, and SW desks are further broken down into Short-Term and Long-Term. Traders are free to trade a product from any desk, but each area is headed by one expert and market maker.
Portland Power deals essentially in basic commodity physical and financial products, e.g. options, swaps, forward contracts, etc.
Deals are entered into EnPower in Portland, and nominations, scheduling, and logistics are handled out of Portland. Confirmations, settlements, and reporting are handled out of Houston.

6. General Office Information
Portland Power also undertakes “non-standard” deals, e.g. energy delivery and marketing to generation facilities under profit-sharing schemes.
Chris Calger heads up the West Origination effort in Portland.
The group is broken down into Generation Investments, Generation Development, IOU/LDC Origination, Public Utilities, Transaction, and Structuring.
Efforts are concentrated on municipalities, utilities, asset development, and emissions credits in San Francisco.

7. Finding