Scott,

Not at all. I left to make a quick call and it required a number
of follow-up calls.

The presentation was very interesting and professional.

One of the guidelines we have in my group is to avoid using too many software
packages.
Otherwise, everybody will have his own pet package and we shall lose
economies of scale.

I shall talk to my associates about your product  and get back to you.

Vince

Scott Wakefield <scottw@mathworks.com> on 10/23/2000 12:09:46 PM
To: vkamins@enron.com
cc:
Subject: Meeting with you last week ?

Hello Vince,

I'm writing to follow up with you regarding our meeting last week.  Did we
do something wrong in our presentation or in the set up of this presentation?

For a group of 50 researchers we were expecting a larger crowd and also
some peole perhaps from your IT department.  Also when you left I was
wondering if we had offended you.

The ability to use our products to create open models, integrate databases,
C, VB, etc. and then quickly deploy them to others has been embraced by
the risk management world.  We met the following day with a large group
from EES and they seemed quite enthusiastic about the innovation possible
with our tools.

I realize you are quite busy, but could you please let me know what
happened and how we can prevent this in the future?

Thanks
Scott Wakefield


MEMORANDUM

TO: Regulatory Affairs Committee
       Gas Issues Working Group

FROM: Jim Steffes, Regulatory Affairs Committee Chair
            John Orr, Gas Issues Working Group Chair
            Julie Simon, Vice President of Policy
            Jack Cashin, Senior Manager of Policy

DATE: October 29, 2001

RE: November 1st Gas Issues Conference Call
      ?3:30 p.m. (EST)

We have scheduled a conference call of the Gas issues Working Group on Thursday, November 1st, at 3:30 p.m. (EST).  To access the call, dial 1-800-937-6563.  Ask for the Jack Cashin/EPSA Call.  An agenda is outlined below.

November 1, 2001 Conference Call Agenda

?October FERC Meetings
   ?Update on responses to El Paso 637 Compliance Technical Conference
    allocation plan (RP00-336, CP01-90)

?FERC Decisions
   ?ALJ decision regarding Transwestern negotiated contracts (RP97-288)
   ?Rehearing denial for natural gas reporting in California (RM01-9)
   ?Kern River Expansion (CP01-106)
   ?Texas Gas Rate Settlement (CP01-31)
   ?Petal Gas Storage pipeline certificate (CP01-69)
   ?ANR Pipeline (Badger) certificate (CP01-79)
   ?Tuscarora Expansion (CP01-153)

?Items Pending FERC Action
   ?Change in Affiliate NOPR due date for comments
   ?NOPR on Allowance of Partial Day Recalls of Released Capacity (RM96-
    1)
   ?Kinder Morgan North Texas Pipeline
   ?Next Call


We have parking with PNM for off-peak on Monday.  The energy schedule is as
follows.  The energy is at 4C but you should be able to move it to PV with
PNM if you ask nicely.  We will split the upside over $35 with ST SW via
annuity.  Please make all transmission purchases or other sales under their
book.

Deal number on the buy from PNM is #581199.

The shape of this length is:

HE1 50
HE2 50
HE3 50
HE4 50
HE5 45
HE6 20
HE23 35
HE24 50

Day total is 350.

Thanks
Bill


Jeff,

fyi - We will be out of town.

Thanks,
Scott

"Jeff Lake" <lake@argolink.net> on 04/11/2001 01:24:22 PM
To: "William Crump" <prcrump@msn.com>, "Will McCallum" <km@kjmccallum.com>,
"Steve Evans" <evanssk@aol.com>, "Randy Crump" <prcrump@dcf.com>, "Michael
Swearingin" <Elizabeth.O.Swearingin@WellsFargo.com>, "Jim West"
<jwest@houston.rr.com>, "Jane Evans" <JBEVANS123@aol.com>, "Eric Hurst"
<beth.hurst@abnamro.com>, "Connor Dougherty" <dbd@ecdglaw.com>, "Connor
Dougherty" <doughertymd@aol.com>, "Colton Robey" <probey@energyUSA.com>,
"Colton Robey" <probey1@aol.com>, "Brett Neal" <sneal12@mindspring.com>,
"Brett Neal" <Scott.neal@enron.com>, "Anderson Mohle" <tandmolehill@ev1.net>,
"Roger Hurst" <rhurst@pdq.net>
cc:
Subject:

Hey!
Practice time for Sat. April 14th will be changed 8:30 - 10:00  am. for those
in town.
Happy Easter, Jeff


Mike, Vasant,

Elsa would like to meet and discuss the construction of forward curves for
her operation.

Can you, please, get in touch with her.

Vince


In preparation for the upcoming move to Enron Center South we are moving your Home Directories to a new trading cluster.

WHAT YOU NEED TO DO:
This will occur for you this EVENING after 6PM.
We will need to restart your computer in order to complete this action.
Please log out or your computer by 6PM, if the machine is not logged off we will reboot the machine in order to complete these actions.
Save your data before going home this evening.
If you have outstanding circumstances that we should address, please reply to this e-mail and we will change our schedule accordingly.

HERE ARE A FEW OF THE BENEFITS OF THIS ACTION:
Newer, more stable environment
More disk space available for common data
Faster network connections

HOW THIS WILL EFFECT YOU:
If you are a laptop user and have to work at home, you should save any work to your 'C:' drive on the laptop.  DO NOT use the "My Documents" folder.  When you return to work and reconnect to the network, any changes made to files/folders in the "My Documents" folder may be deleted from the laptop.
Laptops reconnecting to the network for the first time will receive a synchronization error.

RESOLUTION:
Please call the Resolution Center (x3-1411) and they will correct the problem ASAP.
We will have additional Technicians available on the floor if the Resolution Center has any problems.


George/Sandy,
Are you guys nominating/confirming this gas on Tennessee Passkey and Transco
Transit for December or are we?
Are there going to be two sets of tickets for each deal (one for the firm
volume and one for the swing)?  We'll need those deal numbers when you have
them..
Are you scheduling this internally in Unify or are we?
Please let me know as soon as possible as noms for December 1 are due to the
pipelines by 11:30 this Thursday morning!  THANKS!

	Enron North America Corp.

	From:  George Weissman                           11/27/2000 04:37 PM

To: Sandy Olitsky/HOU/ECT@ECT
cc: John Griffith/Corp/Enron@Enron, Melissa Graves/HOU/ECT@ECT, Jill T
Zivley/HOU/ECT@ECT, Linda Roberts/NA/Enron@Enron, Bob M Hall/NA/Enron@Enron,
Victor Lamadrid/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT
Subject: Re: Cabot Oil & Gas Marketing Corporation

Turtle Bayou Field
Continental Land & Fur 58 #2 Well
Terrebonne Parish, LA
Facility 514800, Transco Zone 3

Kent Bayou Field
Continental Land & Fur 11 #1, 24 #1 & 28 #1 Wells
Terrebonne Parish, LA
Facility 820010, Tennessee La. Zone 1

Sandy,

Attached are the tickets we intend to submit to document the two (2) deals
with Cabot for December.  Once you and John have had an opportunity to review
these tickets, Melissa and I would like to come down and walk them through
the system.  Thanks.

Cabot has agreed to do the December deals at index minus $0.01 for 80% of
their volume and gas daily minus $0.01 for the remaining 20% of their
volume.  We expect that they will soon execute the long term paper providing
for index minus $0.005 for the 80% firm traunch and gas daily minus $0.005
for the 20% spot traunch; a set of new long term tickets will be prepared and
submitted upon execution of the long term paper.

If this mechanism of documenting our deals works, we intend to submit all
future deals in a similar manner.

George x3-6992

---------------------- Forwarded by George Weissman/HOU/ECT on 11/27/2000
04:12 PM ---------------------------

	Enron North America Corp.

	From:  Sandy Olitsky                           11/27/2000 11:07 AM

To: George Weissman/HOU/ECT@ECT
cc:
Subject: Cabot Quotes Dec Only

George:

Scott Neal gave me the following quotes for your December only volumes:

Transco Zn3 WH: Index +.01 minus IT feeder to Ste. 65
Tenn. ZL500:  -.01

Let me know if you need anything else.
Thanks.
Sandy


This will confirm that our next conference call regarding Project Stanley
will be Friday, August 4th at 10:30 a.m. central.  The dial-in number and
password are the same:  1-800-998-2462    passcode 4303724


Attached are the resolutions relating to Derivatives adopted by the Board of
Directors on October 8, 2000.  Rex has reviewed them and his only comment is
that Global Finance needs to remember that 20 million shares are reserved for
issuance, and we would need to go back to the Board for approval before
issing any more than that.


Greetings Professor:

Our group consists of Jeff Dasovich, Mark Guinney, Anil Sama and Carolyn
Vavrek.

We propose to examine the recently failed acquisition by Coke of Quaker
Oats:  Why merge?  What was the value?  Upside?  Downside?  Why did it go
bust?  Should it have gone through?  What's up with this Buffet guy, anyway?

If you have any concerns with this proposal, please let us know.

Finally, if possible, we'd like to present on Thursday, April 26th.

Best,
Jeff


I have some of your mail and I am not sure of your location.  If you would like to stop by ESC06406 and pick it up or give me a call and I can forward it to your assistant that would be great.

Thanks,
Lisa

Lisa Shoemake
East Power Trading
EB3125a
Off. 713-853-9194
Fax 713-646-8272


This week each business unit across Enron has been asked to identify the optimal structure and resources on a going forward basis.  While the review is not complete, we are close to finalizing decisions surrounding each individual business.
We ask for your continued patience and we know that may be asking a lot.
Please take the opportunity to enjoy the time with your family at Thanksgiving and know that we are working hard on finalizing all details. No significant organizational announcements will take place next week.
Mike and Jeff


Thinking about bull move, the only trade I really like is being long physical
and short NYMEX.  If you believe that NYMEX is doing a "buzz lightyear"
(infinity and beyond), the next question is where does that put the cash.
Back in '95, Chicago cash went to $40 and merc died out sub 5 dollars.  Also,
'95 had a huge geographic basis rift, the structural shift had Z3 trading
about $1.50 over Waha.  On the upside, cash will suffer constraints, causing
demand spikes. On the downside, cash shouldn't materially outpace NYMEX.

Reviewing geographic arbs and considering the east coast political
environment (high potential for congressional intervention) as well as ok-ish
storage, the East may be the best basis sell vs. a long west trade (Waha I'm
uncertain about, particularly if the cold doesn't hit Texas...Chicago might
be better given what's going on there except for the Alliance issue...Socal
appears to be the best geographic long...PGE citygate could really rock given
storage and increase supply competition given Alliance PL...    The
Z6/Chicago spread is trading around $1.56 for the winter  (FH) and  approx. a
dime in today's intra-month.   The Z6 vs. NGI-PGE/CG spread has the Jan-Mar
around .94 cents, Z6 over. Intra-month it is trading at $2.43, PGE/CG over
Z6   (I'm waiting on additional stats, but I think I like this trade...)

Additionally, playing the '95 scenario, we should be long every basis
downstream of Henry and short something else, maybe NYMEX, Waha, Katy
(notice smaller font)   I'm still reviewing economic stats regarding the
drivers to these trades such as, Sable Island, LNG, Chippewa (Canadian
imports) and Chicago/California storage . As well as evaluating which
geography would be the best buy....

Preliminary trades  (let me know which ones strike your interest and I'll
focus my analysis..)

Long NGI-PGE/CG, Short Z6
Long CNG North Valley,  Short Z6
Long NGPL Lousiana pool, short MOPS, TETCO STX
Long CGT, short NYMEX  (not very exciting, small basis)
Long Z6, short Chippewa
Long physical, short NYMEX

Still looking, still thinking,  but gun-to-my-head....

Frank


I just got handed another list...

Can I get the datasheets for the following companies:

Enron Global Markets LLC
Enron Liquids Fuels, Inc.
Enron Fuels Caribbean L.P.
Enron Petrochemicals Company
Enron Gas Liquids, Inc.
Enron Clean Fuels Company
Enron Reserve Acquisition Corp.
Enron Capital & Trade Resources Singapore Pte Ltd
Enron Capital & Trade Global Resources Corp.
Enron Capital & Trade International Corp.
Enron Capital & Trade International Corp. - Singapore Branch

Thanks!

 -----Original Message-----
From: 	Reed, Taria
Sent:	Monday, October 29, 2001 11:16 AM
To:	Jones, Tana
Subject:	Datasheet

Attached are datasheets for:
Enron North America Corp.
Enron Canada Corp.
Enron Power Marketing Inc.
ECT Investments, Inc.
Enron Credit Inc.
(all on one document)

Taria Reed
Corporate Secretary Department
ext. 57628

 << File: datasheets.doc >>


The transport volumes decreased from 25000 to 10000. All 10000 should be on
contract 012-41991-203.

Thanks,
Ami

---------------------- Forwarded by Ami Chokshi/Corp/Enron on 08/31/2000
10:54 AM ---------------------------

Royal_B_Edmondson@reliantenergy.com on 08/31/2000 10:47:37 AM
To: ami_Chokshi@enron.com
cc:

Subject: put the 10 on the FT

(See attached file: HPL-Sept.xls)
 - HPL-Sept.xls


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/21/2000
06:48 PM ---------------------------

"FT.com" <ft.com.update@newsbyemail.ft.com> on 06/06/2000 03:51:57 PM
To: "FT.com User":;
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: *** Monthly Update ***

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All Delaware corporations are registered with the Secretary of State's office
in Wilmington, Delaware.  Since that office is notoriously slow, if your
counterparty is trying to get information on ECTRIC they might have better
luck going through CT Corporation Systems, a company that is in the business
of dealing with corporate information and issues which has access to the
Delaware state records.  They have offices all over the place, including
Wilmington.

Hope this is helpful.

Mark

	Enron Capital & Trade Resources Corp. - Europe

	From:  Benedikt Messner                           07/09/99 04:02 AM

To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: ECTRIC

Hello Mark:

a German counterparty asked me where in Delaware ECTRIC was incorporated.
Obviously they want to  research the company.

Can you give me the name of the city ?

Thanks

BM


Hi Patrice,

Just let me know when you'd like me to come down.

Thanks!

Valerie Vela
Specialist, Gas Settlements
Enron Net Works LLC
t: 713.345.8749
f: 713.646.8420


USA: Northwest preparing $1.8 bln offer for Portland.
Reuters English News Service, 10/05/01
Energy Security Concerns On Congressional Front Burner
Dow Jones Energy Service, 10/05/01
USA: CORRECTED - Future of US power grid at stake in Supreme Court case.
Reuters English News Service, 10/05/01
BRAZIL: Brazil readies guarantees for electricity sales.
Reuters English News Service, 10/05/01
Brazil To Guarantee Contracts In Wholesale Power Market
Dow Jones International News, 10/05/01
USA: UPDATE 1-Northwest Natural in talks to buy Portland GE.
Reuters English News Service, 10/05/01

Enron in Talks to Sell Portland General to Northwest (Update6)
Bloomberg, 10/05/01

USA: Northwest preparing $1.8 bln offer for Portland.

10/05/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 5 (Reuters) - Northwest Natural Gas Co is in the final stages to make an offer of $1.8 billion to buy Portland General Electric Co from Enron Corp in a deal that would bring the two Oregon-based utilities together, sources familiar with the situation said.
They told Reuters that Northwest was offering a mixture of cash and stock and would also take on an additional $1.0 billion of debt, stamping an enterprise value of $2.8 billion on the assets.
The board of Northwest was still to vote on the deal but sources said the deal could be announced as early on Monday.

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

Energy Security Concerns On Congressional Front Burner
By Bryan Lee

10/05/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

OF DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Congressional passage of energy policy legislation is unlikely to happen this year as energy infrastructure security has jumped to the forefront as a priority concern after Sept. 11, according to key House and Senate lawmakers.
"I'm not sure there'll be a bill this year," said Sen. Jeff Bingaman, D-N.M., chairman of the Senate Energy and Natural Resources Committee.
It will be too difficult to reach agreement on the issues involved in passing a comprehensive energy policy bill and still get the measure through conference committee and to the president's desk before Congress adjourns this fall, Bingaman told an industry-sponsored forum this week.
Bingaman has slated a hearing on energy infrastructure security for Tuesday, and plans to move legislation on the subject separately from the energy-policy bill. In advance of next week's hearing, Bingaman has solicited comments from leading energy industry groups.
"The priorities have changed since Sept. 11," said Rep. Joe Barton, R-Texas, chairman of the House Energy and Air Quality Subcommittee. "The energy security issue is now paramount," he said.
Barton announced this week that he wouldn't launch a campaign next year for the Senate seat being vacated by Phil Gramm, R-Texas. The decision stemmed in part from a desire to stay at the House Energy and Commerce Committee panel he chairs to work on energy infrastructure concerns.
Congress will pass energy-policy legislation next year and focus on energy infrastructure security this year, Barton said, citing the threat to power plants, transmission lines, and natural gas and oil pipelines.
The two legislators spoke at an energy forum this week sponsored by Enron Corp. (ENE), entitled "Energy Policy at a Crossroads."
The priority on infrastructure security was applauded by John M. Derrick, Jr., chairman and chief executive of Potomac Electric Power Co. (POM).
"We in the industry are concerned about an energy hit on our infrastructure," Derrick told the two lawmakers.
That concern is well-founded, according to James R. Schlesinger, who in past administrations headed the departments of energy and defense, and the Central Intelligence Agency.
"Our electric power grid is particularly vulnerable," Schlesinger said, particularly citing the threat from "information warfare."
Schlesinger's warning was borne out the week after Sept. 11. The North American Electric Reliability Council, the industry group that coordinates power-grid reliability, reported last month its telephones and other communications were temporarily knocked out during a flurry of computer virus attacks.
With the onset of increasing wholesale power market competition, the U.S. power grid is operating at a much higher capacity than ever before, making it vulnerable to physical or electronic attack, said Schlesinger.
This risk has been compounded since competition has "weakened the incentive" for utilities to make needed investment in transmission infrastructure, Schlesinger said.
House Panel Acts On Nuclear Security

While Bingaman's committee prepares to tackle the issue beginning next week, the House Energy and Commerce Committee took a first stab at the issue this week.
On Wednesday, as part of a package of three antiterrorism bills, the panel adopted legislation making sabotage at a nuclear power facility a federal crime and authorizing plant security guards to carry weapons and make arrests.
The committee adopted an amendment sponsored by Rep. Edward Markey, D-Mass., requiring the U.S. Nuclear Regulatory Commission to undertake a comprehensive rulemaking to revise its power-plant security regime.
"As terrible as the attacks of Sept. 11 were, a successful terrorist assault on a nuclear power plant could result in a full-scale nuclear core meltdown and breach of containment that could result in countless more deaths and injuries," said Markey, who opposes nuclear power.
The NRC previously announced it is undertaking a top-to-bottom review of its security requirements in light of the Sept. 11 attacks. "As decisions are made, they will be implemented," said NRC spokesman William Beecher, who otherwise declined to comment on the House action, which is under review by the agency.
The Nuclear Energy Institute, the industry's trade group, criticized the House action as a rash response to the Sept. 11 attacks. Nuclear power plant security issues should be addressed as part of an overall effort to secure U.S. energy infrastructure, NEI said.
"We believe the security issue has to be addressed in a comprehensive and thoughtful way. That wasn't done Wednesday," said John Kane, NEI's vice president for governmental affairs.
Kane also called for Congress to firmly delineate the responsibilities of the federal government and industry in securing nuclear power plants against attack. It isn't appropriate for private industry to respond to threats from enemies of state, he said.
Bingaman, the Senate chairman, said Wednesday that, while he supports federalizing airport security, he believes that nuclear power plant defenses should remain the responsibility of the industry.
-By Bryan Lee, Dow Jones Newswires; 202-862-6647; Bryan.Lee@dowjones.com

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

USA: CORRECTED - Future of US power grid at stake in Supreme Court case.

10/05/2001
Reuters English News Service
(C) Reuters Limited 2001.

In Oct. 3 WASHINGTON story headlined "Future of US power
grid at stake in Supreme Court case" .... please read in
paragraph 9.... Industry lobbying group Electric Power Supply
Association filed court briefs supporting Enron's position,
while Edison Electric Institute filed in support of FERC ...
instead of ... Industry lobbying groups Edison Electric
Institute and Electric Power Supply Association filed court
briefs supporting Enron's position ... (corrects Edison's
position).
A corrected repetition follows.
By Chris Baltimore
WASHINGTON, Oct 3 (Reuters) - With billions of dollars at stake in the electricity market, lawyers for Enron Corp urged the U.S. Supreme Court on Wednesday to uphold federal regulators' obligation to drive open competition on the nation's transmission grid.
The nation's highest court heard oral arguments in the case which could have sweeping implications for the $220 billion U.S. electricity market.
The Supreme Court's ruling could either open the U.S. transmission grid to retail competition, or limit open markets to just the wholesale realm.
A decision is expected later this year or early in 2002.
"It's billions and billions of dollars at stake" for energy firms, said an industry source. "A ruling could expand existing open wholesale markets to the retail level."
The case is on appeal from the U.S. Appeals Court for the District of Columbia, which upheld FERC's authority to regulate state transmission in a June 2000 ruling.
NEW YORK SAYS FERC WENT TOO FAR
Enron - the largest U.S. wholesale power player and an ardent proponent of open markets and nationwide deregulation - argued the Federal Energy Regulatory Commission should have authority to force competition of all transmission assets.
FERC should expand its authority beyond wholesale markets and states that have deregulated retail markets, Enron says.
"You need a set of rules of the road that apply to everybody," said Enron attorney Louis Cohen. Industry lobbying group Electric Power Supply Association filed court briefs supporting Enron's position, while Edison Electric Institute filed in support of FERC.
Meanwhile, in a separate companion case, the state of New York argued FERC went too far in regulating flows of electricity within the state.
"This is an example of an agency that has overstepped its bounds," said Lawrence Malone, general counsel for the New York State Public Service Commission.
New York wants the court to revoke FERC's authority to regulate retail sales, because electricity involved in such sales stays within state boundaries and is not subject to federal regulation.
"We now have two hands on the retail wheel and it doesn't work," Malone told the court.
Stuck squarely in the middle is FERC, which derives its mandate from an interpretation of the Federal Power Act of 1935.
FERC ORDERED OPEN ACCESS
At issue is Order 888, which FERC approved in 1996 after it found that transmission-owning utilities have an inherent incentive to bar access to their wires by competing companies.
The order essentially opened the grid to wholesale competition by forcing utilities to offer nondiscriminatory policies to energy firms that want to ship electricity over non-owned transmission lines.
New York argues that FERC's 1996 order oversteps state authority over intrastate commerce set in the 1935 law, while Enron asserts FERC did not go far enough and needs to expand its authority to both retail and wholesale markets.
Because of the interwoven nature of the transmission grid, electricity that flows within state boundaries cannot be distinguished from power that flows from state to state as a result of wholesale sales, Enron's Cohen argued.
All of the electricity is competing for space on the grid, and Enron wants FERC to step in to prevent state utilities from "being able to hog those sites for their own use and keep us off the road," Cohen told the court.
The Supreme Court justices' leanings on the case were unclear from oral arguments, where they questioned lawyers on interpreting the 1935 act.
At least one justice found the intricacies of electricity transmission mechanics daunting.
"It's not like putting water through a dam," said Justice Stephen Breyer. "I don't even know how this works."

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

BRAZIL: Brazil readies guarantees for electricity sales.
By Denise Luna

10/05/2001
Reuters English News Service
(C) Reuters Limited 2001.

RIO DE JANEIRO, Brazil, Oct 5 (Reuters) - Brazil is preparing a set of rules to guarantee electricity sales from new thermoelectric plants at market prices in order to get these plants working as soon as possible amid a power crisis.
The head of the government's task force for the electricity crisis, Pedro Parente, told reporters on Friday the rules would be published next week and would include government funds to back sale guarantees for the so-called merchant plants.
The government of Latin America's largest country regulates electricity prices. Analysts say this system stymies investment in the energy sector, especially in the much-needed natural gas-fired plants, as returns cannot be guaranteed.
Most of Brazil's natural gas is imported, and its price in local currency terms grows higher when the real depreciates against the dollar. So far this year, the real has lost about 30 percent of its value.
"We can't have these plants standing idle while the country needs energy," Parente said, citing the example of a plant finished by U.S. energy giant Enron Corp. last month, which is not operating due to a lack of contracts at market prices.
Brazil needs gas-fired plants as it struggles to reduce its dependence on hydroelectric stations. Two years of droughts have dried up water reservoirs at these plants triggering this year's acute power shortage, which forced the government to impose tough power rationing from June.
There is a virtual Wholesale Electricity Market (MAE) in Brazil, but it only quotes prices for electricity and has never seen a single contract struck due to high prices there and existing contracts between generators and distributors.
Now, the government's Brazilian Emergency Energy Sales (CBEE) entity, should provide contracts for the new plants at attractive prices taken from MAE.
The government expects 10 power plants with a total capacity of 2,153 megawatts to become operational by March 2002, which should boost the total generation capacity of some 70,000 megawatts.
Apart from Enron's, a plant built by U.S.-based El Paso Corp. is also ready to start producing energy.
The head of Brazil's National Development Bank (BNDES), Francisco Gros, pointed out the financial guarantee would have a limit, which is yet to be established.
Gros also acknowledged that the electricity tariffs would have to be reviewed to take into account losses by power utilities since the start of rationing as well as prices to be charged by new power stations.
"We are thinking of a differential hike which can occur gradually, so that it doesn't hit the pocket so much," he said, explaining that the losses from lower power consumption totaled 20 percent of revenues on average.
Gros also said the bank had enough resources to finance investment projects in the electricity sector and boost the offer of power.

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

Brazil To Guarantee Contracts In Wholesale Power Market

10/05/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

RIO DE JANEIRO -(Dow Jones)- The Brazilian government will intervene in the virtually nonexistent wholesale energy market, known as MAE, by paying new merchant power generators in advance for their contracts, top officials said Friday.
The decision is valid for independent power generators such as Enron Corp's (ENE) Eletrobolt facility and El Paso Corp.'s (EPG) Macae Merchant unit, which couldn't sell the energy they started producing due to regulatory problems on the MAE.
According to the government's emergency plan to generate more power, these plants were supposed to sell their electricity on the free market according to their concession licenses.
"The MAE isn't working and these power plants can't sell the electricity which is already available," said Francsico Gros, president of Brazil's Development Bank BNDES, who is heading a commission to come up with a new model for the nation's troubled power sector. "This is a serious problem which is hurting energy supply when we need all the electricity we can get."
Gros said more than 2,000 megawatts of new electricity are "waiting to be sold" but hasn't reached distributors because there hasn't been any trading on the MAE.
A recently-created state-run company, called CBEE, will be responsible for settling the contracts for this energy. A percentage of the value of the contract will be paid up front by Brazil's Treasury to guarantee to generators that the contracts will be honored.
The government will also establish a ceiling price for contracts. Currently, the price set for power trading at the MAE was 364.00 reals ($1=BRR2.737) per megawatt/hour.
In late August, the Brazilian government had already announced it would start buying electricity from independent generators to sell to distributors as an emergency measure aimed at easing the effects of a power crunch and guaranteeing some power supply over the short term.
The emergency measures come after the apparent failure of MAE, which kicked off about a year ago with the promise to create a new framework for transactions between power generators and distributors.
But regulatory problems robbed MAE of credibility, and the innovative electronic exchange system that was especially designed for the power exchange and was supposed to regulate energy trading, wasn't used at all.
Gros said the government is working to restore confidence in MAE by creating more transparent rules for trading on the free energy market.
"MAE is an essential part of our plan for Brazil's energy sector model," he said.
South America's biggest economy is facing an unprecedented energy crisis after inadequate investment in the past few years and a drought this year that left water reservoirs at record-low levels.
Brazil is more than 90% dependent on hydroelectric plants for the electric energy it consumes. An energy-rationing plan was implemented in June to cut electricity use by an average 20% per month.
-By Adriana Brasileiro, Dow Jones Newswires; (5521) 9965-1193,
adriana.brasileiro@dowjones.com

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

USA: UPDATE 1-Northwest Natural in talks to buy Portland GE.

10/05/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 5 (Reuters) - Northwest Natural Gas Co. on Friday said it was discussing the acquisition of Portland General Electric Co. from Enron Corp., a deal that would bring together two Oregon utilities.
The Wall Street Journal said a purchase price of $1.8 billion in cash and stock was being discussed and that Enron would end up with a stake in Northwest. Northwest would also assume $1 billion of debt, it said.
The deal would combine the gas and electric utilities serving Portland, Oregon.
Northwest shares were down $2.99, or 11.5 percent, at $23 in morning trade on the New York Stock Exchange, giving up gains totaling $2.89 over the three previous sessions.
Enron shares were up 25 cents at $33.35.
In a brief statement, Northwest said it was confirming the talks with Enron in response to press reports. It said there was no assurance that a deal would be struck and it would not make any additional comments on the matter unless and until a formal agreement was reached.
The Wall Street Journal described the talks as advanced. Citing people familiar with the matter, it said the discussions were at a delicate stage and financing could be a problem for Northwest, which had a market value of only $655.5 million based on Thursday's closing stock price of $25.99.
News of the talks did not surprise UBS Warburg analyst James Yannello, who said Enron has made no secret of its desire to divest Portland GE, which serves more than 725,000 customers in northwest Oregon. Enron, an energy marketing and trading powerhouse, acquired Portland GE in July 1997 for stock valued at $2.1 billion.
Northwest, doing business as NW Natural, is a gas distribution utility serving more than 500,000 customers throughout Oregon and Vancouver, Washington. On Friday the company raised its quarterly dividend for the 46th year in a row.
ENRON SEEN RECEPTIVE TO STOCK
On the possibility that Northwest might have trouble financing a deal, Yannello said that in the past Enron has been receptive to accepting stock.
He believes Enron "is taking a very close look at all of its assets," and he sees several similar announcements over the next few months.
Portland GE, a power generator and distributor, had 2000 revenues of $2.25 billion. Its 2001 first-half revenues rose to $1.6 billion from $827 million a year earlier, and net income increased to $71 million from $63 million.
Portland GE pays Enron dividends totaling $20 million each quarter.
Portland GE was founded in 1889, delivering power to the city of Portland from the Willamette Falls, 14 miles away on the Willamette River - the first long-distance transmission of electricity in the United States.
The company owns eight hydroelectric plants with a total capacity of 615 megawatts. It also has a 65 percent interest in a coal-fired power plant in Boardman, Ore., and a 20 percent stake in a Colstrip, Montana, power plant. These interests, along with 742 megawatts of gas-fired power plants in Clatskanie and Boardman, Oregon, give Portland GE total generation capacity of 1,399.9 megawatts.

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

Enron in Talks to Sell Portland General to Northwest (Update6)
2001-10-05 16:09 (New York)

Enron in Talks to Sell Portland General to Northwest (Update6)

     (Adds closing share prices in ninth and 13th paragraphs.)

     Houston, Oct. 5 (Bloomberg) -- Enron Corp. may sell Portland
General Electric Co. to Northwest Natural Gas Co., another Oregon
utility, as part of a plan to shed slow-growing businesses and
focus on commodities trading.

     Northwest said the companies are in talks, though an
agreement isn't assured. The negotiations come more than five
months after the sale of Portland General to Sierra Pacific
Resources collapsed. Enron spokesman Mark Palmer wouldn't comment.

     Enron has been trying to sell Portland General for about two
years. Houston-based Enron, once mainly an operator of natural-gas
pipelines, has transformed itself into the biggest trader of
electricity and gas, a business that doesn't require ownership of
expensive assets such as power plants and pipelines.

     Portland General ``is regulated, and it's really slow growth,
so it doesn't fit in with what Enron's trying to be,'' said Tara
Gately, an analyst with Loomis Sayles & Co., which holds about
135,000 Enron shares.

     The Wall Street Journal today reported that the two companies
are negotiating a sale price of $2.8 billion in cash, stock and
assumed debt. Enron bought Portland General in 1997 for $3.1
billion in stock and debt.

     The utility's earnings are forecast to rise 1 percent next
year, said analyst Robert Christensen of First Albany Corp.

     By comparison, Enron's profit from buying and selling
commodities such as energy, lumber and steel is increasing 25
percent a year as more markets open to competition, said
Christensen, who rates the shares ``strong buy'' and owns them.

     ``It would just be a positive to get (the Portland General
sale) done and use the cash for other businesses,'' Gately said.

     Enron shares fell $1.37, or 4.1 percent, to $31.73.

     Enron stock has declined 62 percent this year, mostly because
of the resignation of Chief Executive Jeff Skilling, concerns
about the California power market, losses at its bandwidth-trading
business and an electricity-contract dispute in India. The stock
dropped even as Enron said second-quarter earnings rose 40 percent
to $404 million while revenue almost tripled to $50.1 billion.

     Sierra Pacific canceled its proposed $3.1 billion acquisition
of Portland General on April 26 because California's energy crisis
made it too hard to win approval. Legislators banned sales of
power plants serving the state, blocking Sierra Pacific from
selling a stake in a generating plant, needed to win clearance for
the deal.

     ``It's a difficult regulatory environment,'' said Bern
Fleming, manager of the $2.4 billion AXP Utilities Income Fund,
which holds about 300,000 Enron shares. ``I wonder if someone in
that region might handle it better.''

                         Northwest

     Northwest shares fell $2.58, or 9.9 percent, to $23.41,
cutting its market value to about $588 million. The company, based
in Portland, Oregon, would take on about $1 billion in debt with
the purchase, the Journal said.

     Bond rating company Egan Jones lowered its credit rating on
Northwest to ``A-'' from ``A,'' still investment grade. Northwest
already has about $450 million in debt, Egan Jones said.

     Other terms of the transaction need to be completed, and an
agreement may be announced in a few days, the Journal reported.

     Northwest serves more than half a million Oregon and
Washington customers. Richard Reiten, Northwest's chairman and
chief executive, was president of Portland General from 1989 to
1996.

     At a price of $2.8 billion, Northwest would be paying 1.2
times sales, less than the average of four times revenue paid for
U.S. utilities this year, Bloomberg data show.

     ``It sounds like the transaction would result in Enron
retaining a minority stake,'' said Andre Meade, an analyst at
Commerzbank Securities Inc. who rates Enron ``accumulate'' and
doesn't own the stock. ``It may be that Northwest can only finance
a portion of the buy at this stage.''

     Oregon regulators likely will approve the transaction if
Northwest shows that its service and rates will stay the same,
Meade said.

     The acquisition would allow Northwest to negotiate better gas
prices by increasing the amount of the fuel that it buys, he said.
The company may also be able to cut costs through job cuts and
eliminating duplicate services.

     Northwest said in July that second-quarter profit more than
doubled to $4.3 million as weather cooled and the company added
customers.

                    California Platform

     Enron acquired Portland General, which has more than 700,000
customers in Oregon, as a platform to sell power into California's
deregulating market.

     Since then, Enron has moved away from owning assets such as
power plants and pipelines to concentrate on energy trading. As
part of that shift, Enron this week agreed to sell oil and gas
fields in India to the U.K.'s BG Group Plc for $388 million.

     Portland General gave Enron experience with the electricity
market and utility regulations, and helped the company develop its
power-trading business, Loomis Sayles's Gately said.

     Sierra Pacific, based in Reno, Nevada, agreed to buy Portland
General in November 1999. To win regulators' approval of the
acquisition, Edison International's utility had to agree to sell a
stake in a Nevada power plant also owned by Sierra.

     California banned power-plant sales by the state's utilities
because of its power shortage, blocking the Nevada sale. Enron
said at the time that it wouldn't rule out trying again to sell
the utility.

     ScottishPower Plc, the U.K.-based owner of the northwestern
U.S. utility PacifiCorp, considered a bid for the utility, the
Observer newspaper reported in April.


Nada mucho amigo


Hi guys,

Shawn Cumberlan, the former head of the CALME region, is very interested in
learning about the transportation businesses we are pursuing.  He will be in
London end of next week or so and I'd like you guys to spend some time with
him.

Dan, expect a call from him before he heads to London.  Mark Frevert is
having him explore opportunities within the wholesale businesses.

Later,

Jeff


Please see attached presentations as requested.

Regards.
Justin

Mark Schroeder
06/07/2000 17:49
To: Justin Boyd/LON/ECT@ECT, Amita Gosalia/LON/ECT@ECT
cc: Steven J Kean/HOU/EES@EES, Joe Hillings/Corp/Enron@ENRON, Chris
Long/Corp/Enron@ENRON, Richard Shapiro/HOU/EES@EES

Subject: EnronOnline due diligence

Justin/Amita - I just got off a conference call with some of my colleagues in
the States who deal with public  policy issues for Enron in the US and
abroad.  We talked about some emerging issues in e-commerce.  I told them
about your excellent presentation on Monday on some of the issues that arise
in due diligence for new EnronOnline products, and even though it is not
directly on point with some of their issues, I think they all felt it would
be enlightening to at least have the benefit of a copy of your presentation.
May I ask one of you to send a copy by e-mail of your presentation materials
to the other addressees on this e-mail?  thanks  mcs


I would bet that our investor relations either have it, or can get from one
of their analyst buddies.  You want to check on that?

Best,
Jeff


Please reboot your machine at the end of the day today.  Otherwise you will have problems with your CQG in the morning.
If this will be a problem, please reply and we will find a workaround.

Thanks for you help.

Daniel A. Muschar
Trader Support Group

 -----Original Message-----
From: 	Elliott, Clay
Sent:	Tuesday, April 30, 2002 10:05 AM
To:	Marcinkowski, Danielle; Belt, Cedric; Elliott, Clay; Gichana, Doug; Kellner, Tim; Knox, Bill; LaFleur, Arnold; Mcnair, Jason; Muschar, Daniel; Roberson, Eric
Subject:	RE: Users on Enron's CQG

Can you guys go around and contact these customers to logoff tonight to get the new CQG.

Thanks,
Clay

 -----Original Message-----
From: 	Marcinkowski, Danielle
Sent:	Tuesday, April 30, 2002 9:58 AM
To:	Elliott, Clay
Subject:	FW: Users on Enron's CQG

Clay:

Can you help out with this.

Thanks,

Danielle

 -----Original Message-----
From: 	Marcinkowski, Danielle
Sent:	Tuesday, April 30, 2002 9:57 AM
To:	Cox, Paige
Subject:	FW: Users on Enron's CQG

Paige:

The following people have been migrated to the new CQG infrastructure but have not logged out.  Could you have someone in desktop support, visit these users and have them logout after trading today.

Thanks,

Danielle

 -----Original Message-----
From: 	Le, Rick
Sent:	Monday, April 29, 2002 10:11 AM
To:	Marcinkowski, Danielle
Subject:	Users on Enron's CQG

Below is the list of users who are still logged on to the Enron's CQG as of 10:05AM 04-29-2002.

Beth Jenkins
Jeff Nielsen
Jeff Stephens
Jess Hewitt
Joe Parks
John Lavorato
Jon McKay
Mark Davis
Tiffany Smith
William Stuart

-----
R i c k  L e
UBS Warburg Energy LLC
Market Data Services
713.584.5345 (W)
713.397.6888 (C)


We can adjust the salary if he get promoted.  Leave it for now.


fyi
----- Forwarded by Steven J Kean/NA/Enron on 02/20/2001 08:35 AM -----

	Dan Leff@EES
	02/16/2001 11:53 AM

		 To: Steven J Kean/NA/Enron@ENRON
		 cc:
		 Subject: Re: Mike Dahlke

I am meeting with Mike on 2/27.

I will feedback after that.

Regards - Dan

From: Steven J Kean@ENRON on 02/02/2001 06:09 PM
To: Dan Leff/HOU/EES@EES, Elizabeth Tilney/HOU/EES@EES
cc:
Subject: Mike Dahlke

I know you guys have been working around the clock.  I just wanted to make
sure you hadn't forgotten about Mike Dahlke (whose resume I sent on to you
Dan).  When you catch a breath please take some time to consider Mike for EES.


pls print.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/12/2001
08:03 AM ---------------------------
From: Susan Scott/ENRON@enronXgate on 03/09/2001 03:05 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Red Rock open season

See the attached.  The notice assumes Calpine's bid is not binding.


Ken:

Please sign and send the attached letter agreement to me.  Please call if you
have any questions.

Thanks.

Teresa

Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com


Gerald,

 I wanted to get you started on this ASAP as we discussed.  I don't expect a
finished product but
 preferr that you initiate the draft and I'll work with it as necessary in
you absence.  Thanks for you
 cooperation.

 I have attached a summary of the Parking Provision and the CSA in addition
to the Term Sheet
 that is dated but you get the idea.


Hi Jana,

I would like to invite you to visit us in the Woodlands one weekend in July.
My wife wants to make the house presentable after her long absence
and the months of my neglect.
I think I need the coming long weekend to clean up all the papers
and we shall be ready. What about the following weekend or the next one?

Vince

Jlpnymex@aol.com on 06/26/2000 08:23:02 AM
To: vkamins@enron.com
cc:
Subject: contact

Vince,
How are you?  I hope you and your family had a lovely trip.

I just came back from a Series 3 prep class in NY last week.  One of my
classmates is the new President and CEO of the Montreal Exchange in Canada.
(He thought this class was going to be more advanced)

He told me his exchange is interested in derivatives, and I immediately
thought of you.  I am going to email him your info, so that he might contact
you.  His name is Luc Bertrand.

Let me know when we might all get together.  I am sure your work schedule is
hectic after being out for awhile.

Look forward to hearing from you.

Jana


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). If you have any questions please call me at ext.
58986.
******** DO NOT APPROVE PRODUCT TYPES BETWEEN THE HOURS OF 6AM -
11AM***********

Trader:   Joe King

==============================================================================

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 "Partially Approved"
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up


On October 2, I, Aaron Klem and our outside attorney, Jeanne Bennett, met with other ESPs, the utilities, and the Energy Division staff of the CPUC to hammer out an agreement on implementing the CPUC's order suspending direct access (DA) and handling continued submission of DASRs.

It was news to the utilities that ESPs have many contracts --  most several years old -- that allow for addition and subtraction of facilities throughout the contract term.  The utilities had thought that cutting off DASRs would be the best way to enforce the CPUC's order without having to review contracts (which they don't want to do). After much discussion and debate, the participants agreed to make a joint filing at the CPUC seeking quick action.

Most agreed on the following plan (with the CPUC staff to check on the appropriate procedural vehicle):
We will endeavor to reach agreement on a joint filing at the CPUC to modify Rule 22 (the rule that governs CPUC/ESP interactions) (a Petition to Modify was also discussed as a vehicle) - a small working group of attorneys has been set up to draft this.  The group includes Jeanne Bennett and Dian Grueneich, who represents UC/CSU.
The new Rule 22 will add a section that acknowledges the CPUC action and sets forth therein (or in an Appendix) a verification procedure.
Each ESP will submit a list of customers by this Friday, October 5, for ALL contracts -- existing and new -- to each utility. It will be diificult and perhaps impossible to add customers later, so be complete.
Each ESP will submit to each utility the account level information for each customer on the list by November 1. All customer accounts should be on this list including facilities that have not yet been switched to DA, but may be switched sometime in the future.  Also, to the extent customers have plans for new facilities, put them on the list -- even if we do not yet have account information. Anyone who has the right to add DA later needs to be on the list.
Any DASR submitted for an account on the November 1 list will be accepted by the utilities -- no matter when it is submitted.
Additional accounts not on the November 1 list can be added through a verification process, such as an affidavit submitted by the ESP or by both the ESP and the customer.  This process is being worked out by the attorney working group.
The CPUC will be asked to approve this approach quickly.

There is risk that the CPUC will NOT approve the approach and will cutoff DASRs on some date certain, in which case legal action would be required to allow for futher submission of DASRs. Steve Roskow of CPUC Energy Division said the CPUC has two factions -- one wants to cut off DA and the other wants it to continue.  He could not guarantee how the CPUC will respond to the joint approach.  He also mentioned that there are many lawyers at the CPUC looking at the retoactivity issue and the Commission's ability to affect existing contracts. Several participants, including Enron, UC/CSU and APSES, made strong statements about the legal problems the CPUC would face if they go down that road.

The utilities will be making a filing at the CPUC tomorrow that describes the steps they have taken to enforce the order.  PG&E and SDG&E will discuss the meeting and the joint plan -- PG&E may also say it will stick with some DASR cutoff date unless it hears otherwise from the CPUC.  SCE did not attend the meeting in person and at the end made clear that they had not agreed with the joint plan.  SCE is sticking with its original plan -- a customer and account list by September 24 and a DASR cutoff of October 20, no DASR accepted unless the name is on the customer list. The Energy Division staff is trying to move SCE off this position but I believe it comes from "on high."  We'll take our own run at it through a higher level at SCE. For now, we should continue to submit DASRs and follow the proposed joint plan and just keep records of our interactions with SCE (and the other utilities as well). If the situation does not improve in the next few days, we will reassess.

There is also the risk that the CPUC will not act on the joint approach quickly, leaving these issues in limbo and the utilities assuming "risk" that they have done the wrong thing and will be "punished." Not surprisingly, the utilities seem to favor a drop dead date for DASR submission, as a way to minimize this risk.  During the course of the meeting, the utilities mentioned a "compromise" of January 1, 2002 for a DASR cutff date.  They thought this would give the CPUC time to act on the joint plan, but allow them to minimize their risk in the event the CPUC decides that the utilities should have cutoff DASRs from the beginning.  This notion may appear in the filings to be made tomorrow.  I told them that any drop-dead date for DASR submission would be unacceptable to Enron. UC/CSU said the same.  A few ESPs seemed ready to accept the 1/1/02 cutoff but most do not.

Call with any questions.

Sue Mara
(415) 782-7802


Please see attached message with regard to the planned control rod
adjustment on Monday, December 31, 2001.

Have a happy new year!

 <<12_31_01 control rod adjustment.doc>>

		John Boguslawski
		Vermont Yankee Nuclear Power Corp.
		(802) 258-4136

 - 12_31_01 control rod adjustment.doc


please call  503/464-2099 for the conference phone, I have a dr. appt and cannot attend.  All the schedulers will be there, David Steiner and Diana Scholtes and Sean crandall will also attend.

 -----Original Message-----
From: 	Baughman, Edward
Sent:	Friday, February 01, 2002 8:48 AM
To:	Belden, Tim; Racicot, Paul; May, Tom; Semperger, Cara; Elafandi, Mo; Purcell, Mike
Subject:	West Power transition of trading/sceduling activities

Please plan to attend a conference call at 11:30 AM Central (9:30 PST) to discuss logistics for transferring activities supporting non-terminated West Power contracts.

Houston: Meet in ECS 4712

Portland: MO- Please let me know what conference room phone # we should call.

Thanks


Mike just finished entering deals. Missing deals are:

509064
509063

Chris just changed 508224 to Prebon for broker.

Thanks,
Kate

Evelyn Metoyer@ENRON
01/30/2001 01:43 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 1/31/01 Checkout

MIKE SWERZBIN

I am missing the following deals per Amerex:
Mike Swerzbin sells El Paso Cal'02 PV at $139.00 peak hrs.
Mike Swerzbin buys Puget Sound February Mid-C $400.00 peak hrs.

CHRIS MALLORY:

Chris Mallory:  Amerex does not recognize deal 508224

I am confirming with Prebon right now...so I may have more discrepancies..

Thanks!


Meet Orlando Sanchez at the HBS Breakfast Club!
Dear HBS Alumni:
Join the Harvard Business School Club of Houston Breakfast Club at its fall kickoff meeting on Thursday, September 6, 2001 at 7:00 am at the River Oaks Country Club.  Orlando Sanchez, Houston City Council member and November mayoral candidate will be the guest  speaker.
The HBS Breakfast Club started last November and was a tremendous success.  It provides alumni the opportunity to network, establish friendships and discuss topics in an informal setting.  Topics are determined at the first meeting of each session and speakers are invited to one or two breakfasts during the session.  The Club meets the first and third Thursday each month from 7:00 to 8:30 am at the River Oaks Country Club.
This year the Breakfast Club will be expanded to have fall, spring and summer sessions.   The cost for the fall and spring sessions is $150 each and the cost for the summer session is $60.  Non-Breakfast Club members and guests can attend for $23.
If you are not already a Breakfast Club member come and see for yourself why this is such a great program.  The Breakfast Club is an ideal way to meet and get to know fellow HBS alumni.
     SPEAKER:   Orlando Sanchez, Houston Mayoral Candidate
     DATE:          Thursday, September 6, 2001
     TIME:           7:00 am to 8:30 am
     PLACE:        River Oaks Country Club
Best Regards,
Sean Daichman
President
======================================================= HBS Breakfast Club Membership Application
 Name:

Breakfast Club Session (Check one)
___ Fall (September through January) - $150
___ Spring (February through June) - $150
___ Summer (July and August) - $60
Payment Method (Check one)
1. _____   Credit card on file
2. _____   Credit Card (Visa, MC)
                   Card Number: ____________________ Exp Date: ______
3. _____   Cash or Check enclosed
Send this form to Dottie Kerr at fax (281) 424-4770, e-mail dottie@kerr-solutions.com, or call (281) 424-3084.
Upcoming Events

September 19 - Robert Miller, Chairman Metro Luncheon
September 20 - Breakfast Club Meeting at River Oaks Country Club
September 27 - Monthly Mixer
October 4 - Breakfast Club Meeting at River Oaks Country Club
October 6 - Star Cruiser Social Event
October 11 - HBS Recruiting Mixer at St. Regis Hotel
October 18 - Breakfast Club Meeting at River Oaks Country Club
October 25  - Monthly Mixer
October 30  Gerald Glenn, CEO Chicago Bridge & Iron Luncheon

www.hbshouston.org

 - BC Mbr App.doc


Our Canadian lawyers are on board.

 -----Original Message-----
From: 	"Lech Kalembka" <Lech.Kalembka@cwt.com>@ENRON
Sent:	Monday, November 12, 2001 9:33 AM
To:	Heard, Marie
Subject:	RE: FW: Enron Canada Corp

I assume that you will speak with Peter.  Thanks.

Lech Kalembka
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY  10038
Tel.: (212) 504-6918
Fax: (212) 504-6666
E-mail: lech.kalembka@cwt.com
----- Forwarded by Lech Kalembka/NY/CWT on 11/12/2001 10:30 AM -----

                    Mary.Cook@enr
                    on.com               To:     Lech.Kalembka@cwt.com
                    Office:              cc:     Marie.Heard@enron.com,
                                         Peter.Keohane@enron.com
                    11/11/2001           Subject:     RE: FW: Enron
                    02:33 PM             Canada Corp

Be sure to talk to Peter on any of the Canada related master nettings so he
can orchestrate any necessary Canada filings.  I have spoken with him on
this matter so he should be up to speed.  Any questions, stop by.

    -----Original Message-----
   From:   "Lech Kalembka" <Lech.Kalembka@cwt.com>@ENRON
   Sent:   Saturday, November 10, 2001 6:49 PM
   To:     Heard, Marie
   Cc:     Cook, Mary; David Mitchell
   Subject:  Re: FW: Enron Canada Corp

   We will need the "organizational ID" number for the Delaware, Maryland
   and
   Texas entities.  If you wish, we can obtain this information from CT
   Corp.
   or a similar service provider for a charge of $12 per entity.

   Also, for UCC filing purposes, we need to know whether any counterparty
   is
   a "transmitting utility", i.e., entity primarily engaged in transmitting
   or
   producing electricity or transmitting goods by pipeline.

   Finally, I assume you will consult with local counsel regarding the
   Canadian counterparties.

   Thank you.

   Lech Kalembka
   Cadwalader, Wickersham & Taft
   100 Maiden Lane
   New York, NY  10038
   Tel.: (212) 504-6918
   Fax: (212) 504-6666
   E-mail: lech.kalembka@cwt.com

                       "Heard,
                       Marie"               To:     lech.kalembka@cwt.com
                       <Marie.Heard@        cc:
                       ENRON.com>           Subject:     FW: Enron Canada
                       Office:              Corp

                       11/06/2001
                       02:04 PM

   Is there anything else you need for BP Amoco?

   Marie
   >  -----Original Message-----
   > From:   "Dixon, Billy D" <billy.dixon@bp.com>@ENRON
   > Sent:   Tuesday, November 06, 2001 1:00 PM
   > To:     Heard, Marie
   > Subject:     RE: Enron Canada Corp
   >
   > Principal Operating Offices:
   >
   > BP Corporation North America Inc.
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > BP Energy Company
   > 501 West Lake Park Boulevard
   > Houston, Texas 77079
   >
   > Vastar Resources, Inc.
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > BP Canada Energy Company
   > 240 - 4th Avenue S.W.
   > Calgary, Alberta T2P 4H4
   >
   > BP Canada Energy Marketing Corp.
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > Cibola Energy Services Corporation
   > 350 N. St. Paul Street
   > Dallas, TX 75201
   >
   > IGI Resources, Inc.
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > BP Oil Supply Company
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > BP Products North America Inc.
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > BP Amoco Chemical Company
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > Atlantic Richfield Company
   > 333 S. Hope Street
   > Los Angeles, CA 90071
   >
   > Amoco Production Company
   > 501 WestLake Park Boulevard
   > Houston, Texas 77079
   >
   > BP Chemicals Inc.
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   >
   > -----Original Message-----
   > From: Heard, Marie [mailto:Marie.Heard@enron.com]
   > Sent: Tuesday, November 06, 2001 8:54 AM
   > To: billy.dixon@bp.com
   > Subject: RE: Enron Canada Corp
   >
   >
   > I sure will if you will tell me the principal place of business of all
   > your entities party to the Master Netting Agreement.
   >
   > Enron Canada Corp.
   > 3500, 400 - 3rd Avenue S.W.
   > Calgary, Alberta  T2P 4H2
   >
   > >  -----Original Message-----
   > > From:      "Dixon, Billy D" <billy.dixon@bp.com>@ENRON
   > > Sent: Tuesday, November 06, 2001 7:47 AM
   > > To:   Heard, Marie
   > > Subject:   Enron Canada Corp
   > >
   > > Would you please tell me where Enron Canada Corp.'s principal place
   > of
   > > business in Canada is located?
   > >
   > > Very truly yours,
   > >
   > > BILLY
   > > Billy D. Dixon
   > > Attorney
   > > BP America Inc.
   > > 501 Westlake Park Blvd., Rm 16.166
   > > Houston, Texas 77079
   > > Direct 281/366-4745
   > > Fax 281/366-5901
   > > billy.dixon@bp.com
   > >
   > > ***IMPORTANT -- THIS EMAIL AND ANY ATTACHMENTS HERETO ARE
   > > ATTORNEY-CLIENT
   > > AND/OR ATTORNEY WORK-PRODUCT PRIVILEGED AND CONFIDENTIAL.  If you
   > have
   > > received this email in error, do not under any circumstances read,
   > > forward,
   > > copy, disseminate or save this email or any of its attachments.  If
   > > you have
   > > received this email in error, take the following actions: (1) reply
   > to
   > > this
   > > email indicating that you received this email in error, and (2)
   > delete
   > > and
   > > completely erase this email and its attachments from your computer
   > and
   > > any
   > > backup systems or "Deleted Items" folders.
   > >
   >
   >
   > **********************************************************************
   > 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.
   > **********************************************************************

==============================================================================

   NOTE:  The information in this email is confidential and may be legally
   privileged.  If you are not the intended recipient, you must not read,
   use or disseminate the information.  Although this email and any
   attachments are believed to be free of any virus or other defect
   that might affect any computer system into which it is received and
   opened, it is the responsibility of the recipient to ensure that it is
   virus free and no responsibility is accepted by Cadwalader, Wickersham
   & Taft for any loss or damage arising in any way from its use.

==============================================================================

==============================================================================
NOTE:  The information in this email is confidential and may be legally privileged.  If you are not the intended recipient, you must not read, use or disseminate the information.  Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

==============================================================================


Thanks, I hope we get there soon.

	Mary Clark
	09/26/2000 01:55 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Karen Denne/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON
		 Subject: So you will know . . .

Steve, I'm leading a team with Beth Tilney that will roll out communications
to employees worldwide after our stock price closes at $100.  We will keep
you posted on our plans as they materialize.

Mary


Revised Ferc total for 1997 by Desk (created by John Zurita/HOU/ECT on
3/29/99)


-----Original Message-----
From: 	Espinoza, Veronica
Sent:	Wednesday, October 31, 2001 1:14 PM
To:	Anderson, Diane; Bailey, Derek; Baumbach, David; Bell, Jean; Boulanger, Patricia; Brown, Angela Y.; Cisneros, Celeste; Crawford, Sharon; Deming, Richard; Dickson, Melia; Giron, Darron C.; Gossett, Jeffrey C.; Hoang, Charlie; Hunter, Larry Joe; Keiser, Kam; Love, Phillip M.; McLaughlin Jr., Errol; Mendoza, Nidia; Moran, Tom; Moscoso, Mirna; Mulvany, Patrick; Negrete, Flavia; Ornelas, Bianca; Otto, Randy; Pernul, Sarah; Reeves, Leslie; Rohauer, Tanya; Seib, Dianne; Sietzema, Linda; Theriot, Kim S.; Wallumrod, Ellen; Wilder, Wesley
Subject:	Credit Report--10/31/01


Sara,
Please find attached your approved document with a last minute change, please
take a look and let us know if you are OK with it.
Also, you can find the GTC disclaimer (essentially the same as for all
internal products)

Please let us know your approval or comments. I'll  really appreciate your
prompt response since, as mentioned, we need to have both documents ready on
the system by noon today in order to have them uploaded into the database and
ready for trading next Monday,

Thank you
Carlos
x5-8075


Please review the attached and proceed.
-----Original Message-----
From: Reynolds, Roger
Sent: Thursday, October 11, 2001 10:04 AM
To: Perlingiere, Debra
Subject: FW:

Hi Debra

This company wants to buy Gas from ENA; I told them I would forward a GISB to you..

Let me know what I can do to help..

Thanks

Roger...
-----Original Message-----
From: Kirby Black [mailto:kblack@falcongasstorage.com]
Sent: Wednesday, October 10, 2001 12:23 PM
To: Reynolds, Roger
Subject:

Roger
Please get this to the right people so we can start buying gas from Enron.
I enjoyed the game yesterday, Thanks again.

Kirby

Kirby S.Black
Falcon Gas Storage Company
1776 Yorktown--Suite 500
Houston, Texas 77056
(713)961-3204
(713)961-2676 (fax)
(713)818-4286 Mobile
kblack@falcongasstorage.com <mailto:kblack@falcongasstorage.com>


We were able to get close to the DPR values reported with the info you previously sent me.  I won't need anything from you tonight but thanks a lot for being available.

I may need to get with you in the morning to get something else together.

Thanks

Kam


Mary,

This is in response to your e-mail.  Lets set up a time to meet and get a
plan put together.

Thanks!

Diana
---------------------- Forwarded by Diana Scholtes/HOU/ECT on 02/22/2001
02:10 PM ---------------------------
From: Asem Atta/ENRON@enronXgate on 02/12/2001 09:15 AM CST
To: William Crooks/ENRON@enronXgate, Vishwanatha Venkataswami/ENRON@enronXgate
cc: Diana Scholtes/HOU/ECT@ECT
Subject: OASIS Transmission Providers - West

List of transmission providers needed to be harvested for West Desk

regards,
Asem Atta
x31700
Enron Net Works


To all:

The proposed sale of HPL to American Electric Power (AEP) has been signed and
the conditions for the acquisition should be completed within the coming
months.  Over the next few days, I will be forwarding more details about the
transition process.  These details will outline the employment opportunities
and transfer process to AEP.   AEP is eager to complete these arrangements,
as the pipeline is only as valuable as the people who operate it.

During the transition period, it is important that we keep the pipe line
operating at our historical level of reliability in order to meet the energy
needs of our customers.

Regards,
Brian


- oct2601.XLS


Attached you will find the brief we filed yesterday in the UC-CSU matter and
the declarations of several Enron people and an expert supporting our
positions.  The filing yesterday was only to oppose the universities' request
to shorten the briefing and hearing schedule on their motion for a
preliminary injunction.  Next step will be to file our opposition to the
motion for preliminary injunction, and the date for filing those documents
will be set by the court.  Please let us know if you have any questions.


It really doesn't matter if we have sold firm or not March is still available for maintenance, as we would do it through april, may or june.
To answer your firm question.  Jan. 02 1091, Feb. 1071. Mar. 1071, Apr. 1057, May 1057.  This is what I see right now you know how
things change.

DS

 -----Original Message-----
From: 	Roensch, David
Sent:	Tuesday, December 11, 2001 6:35 PM
To:	Schoolcraft, Darrell
Subject:	RE: Schedule change request

Just checking... In the previous two years we had sold firm through March which prevented us from performing maint. in the month of March.  So, my question:  Have we sold firm through March yet or is that month still available for maint. if we push this schedule up?  If I'm not making any sense give me a call.
---------------------- Forwarded by David Roensch/ET&S/Enron on 12/11/2001 04:12 PM ---------------------------
From:	Jerry Graves/ENRON@enronXgate on 12/11/2001 03:20 PM CST
To:	Ronnie.Morse@enron.com@ENRON, Kimberly Watson/ENRON@enronXgate, Jan Moore/ENRON@enronXgate, David Roensch/ET&S/Enron@ENRON, Rich Jolly/ENRON@enronxgate
cc:	Gary.Maestas.EnronXGate@enron.com@SMTP@enronXgate, Gary Maestas/Enron@EnronXgate, Steven January/ENRON@enronXgate, Darrell Schoolcraft/ENRON@enronXgate, Gary Spraggins/ENRON@enronXgate, Morgan Gottsponer/ENRON@enronXgate

Subject:	RE: Schedule change request

  Yes Ronnie, I would still like to do that for 2 reasons.

1.	It moves the overhaul on unit 401 into March, which is the same month we are doing the tie-ins at Station 1 and 3. And since there will be a flow restriction from those tie-ins we can coordinate the two outages together and save a little of the flow loss.
2.	Starting and finishing the overhauls earlier will keep us away from our summer comments, if there are problems or delays.

       If  there are no objections, I will change the dates to the new schedule listed below.

Jerry Graves
713-345-8923

 -----Original Message-----
From: 	Ronnie.Morse@enron.com@ENRON
Sent:	Tuesday, December 11, 2001 2:28 PM
To:	Graves, Jerry
Cc:	Gary.Maestas.EnronXGate@enron.com; Maestas, Gary
Subject:	Schedule change request

Jerry, A while back you suggested moving the overhauls up at Station 4 to
March 1st, 2002. If its still works for you lets give it a try. The only
concerns at this time may be parts delivery time, but I think we will be
ok. The recommended outage dates are listed below. Let me know if this will
work for you. Thanks!

Ronnie........

401 start date 3-1-2002, Completion date 4-9-2001
402 start date 4-11-2002, Completion date 4-21-2001
403 start date 4-23-2001, Completion date 5-3-2001


thanx


Dear Errol Mclaughlin,

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When the Master does not have the weather modification to the Trade Option
Exemption representation then I think we should include it in the confirm. Is
this feasible?

	Tana Jones@ECT
	08/07/2000 10:25 AM

		 To: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Brent
Hendry/NA/Enron@Enron
		 cc:
		 Subject: Re: weather confirm

Tanya forwarded the attached confirm on to me.  Are we supposed to have that
weather rep also in confirmations when we trade under a master?
----- Forwarded by Tana Jones/HOU/ECT on 08/07/2000 10:24 AM -----

	Tanya Rohauer
	08/07/2000 10:21 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: weather confirm

---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 08/07/2000 10:17
AM ---------------------------

	From:  Diane Anderson @ ENRON                           08/07/2000 10:09 AM

To: Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: Re: weather confirm


Li,

I have tons of papers on OAS. They are buried in many boxes in my garage.
Let my try to excavate some of  them.

Vince

Li Sun@ENRON
09/07/2000 08:50 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: A question

Hi, Vince,

How are you doing? This is Li Sun, I have a question regarding OAS
(Option-Adjusted Spread) model, according to my reading, it is a very
powerful and practical model for dynamic balance sheet management and it is
exactly what we want to do for the enterprise-wide risk management.
Unfortunately OAS is only explained in a broad sense, I wonder whether I
could get some recommendations on where I can get more detailed information
regarding this topic. Many thanks!

Li


?

?
ftp://csf.colorado.edu/ipe/Thematic_Archive/documents/nafta/nafta_analysis/eai
.nafta.doc
 - eai.nafta.doc.url


Okay, but you're still sleeping on the couch tonight....


Our outside Regulatory Counsel has heard that the CPUC will definitely vote
to suspend direct access on June 28 effective July 1.  We will be working
through formal comments and informal discussions to clarify the meaning of
the this suspension.

We are still working to try and modify the Proposed Decisions as they relate
to the PX Credit receivable, with our primary focus on removing this part of
the decision from a vote on June 28.

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 06/21/2001
07:41 AM ---------------------------
From: Harry Kingerski on 06/20/2001 05:44 PM
To: Marty Sunde/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Lamar
Frazier/HOU/EES@EES, Don Black/HOU/EES@EES, James W Lewis/HOU/EES@EES, Jeremy
Blachman/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Dan Leff/HOU/EES@EES, Vicki
Sharp/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Tim Belden/HOU/ECT@ECT, Janet R
Dietrich/HOU/EES@EES, David W Delainey/HOU/EES@EES, Mike D Smith/HOU/EES@EES
cc: James D Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Janel
Guerrero/Corp/Enron@Enron, Jennifer Thome/NA/Enron@Enron

Subject: DA Suspension in California

Mike Day just called to say he has heard the California PUC definitely will
vote on June 28 to suspend direct access, effective July 1, except for
written contracts executed prior to July 1, 2001.    Suspension of DA has
been identified by the Governor as a necessary prerequisite to bond
issuance.


why?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 9:16 AM
To:	Nelson, Michelle
Subject:	RE:

damn fred

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 9:14 AM
To:	Maggi, Mike
Subject:	RE:

i do remember that.  i don't know.  probably not until next year.  fred doesn't want me to go until then.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 9:13 AM
To:	Nelson, Michelle
Subject:	RE:

so when are you going to ny

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 9:13 AM
To:	Maggi, Mike
Subject:	RE:

hmmm.  i thought that i was very nice.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 9:11 AM
To:	Nelson, Michelle
Subject:	RE:

you werent exactly innocent

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 9:09 AM
To:	Maggi, Mike
Subject:	RE:

i think that i am funny and you know what i'm talking about.  that's why you asked if kori was here.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 9:07 AM
To:	Nelson, Michelle
Subject:	RE:

i dont know what the heck you are talking about, and thank you for calling it babbling

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 9:03 AM
To:	Maggi, Mike
Subject:

i was just playing.  so do you remember what you babbled to me on friday?


Karen- please print this out and file somewhere. tx rick
---------------------- Forwarded by Rick Buy/HOU/ECT on 01/30/2001 08:09 AM
---------------------------

	From:  Sheila Walton                           01/29/2001 06:30 PM

To: Robert Howes/Enron@EnronXGate, Matthew Ahern/Enron@EnronXGate
cc: Roberto Deleon/Enron@EnronXGate, Rick Buy/HOU/ECT@ECT
Subject: Investigation Research

Rick Buy, the Business Unit Head for the RAC group, and I logged onto his
computer on Friday, January 26, 2001 to review information for an
investigation on one of his employees.  We logged on at 3:01 PM and logged
off at 3:15 PM.  Please make certain that the records reflect this
investigative effort so Mr. Buy's name does not come up in a random search
for accessing inappropriate websites.  If you have any questions, please call
me at Ext 30649. Thank you.

Sheila Walton
HR Director


According to Kimat, TP2 gets the NYPA sale at Mamou at the prices show below.  We have 3 options on serving this deal:
1) buy Texas Gas capacity and ship the gas on a secondary basis from the Zone SL Pool
2) use Transco Zone 3 wellhead
3) buy Trco capacity and ship the gas on a secondary basis from St 65

Most of the time we use option #1.  Texas Gas is cheaper than Trco even after paying the transport cost.  However, this deal comes to the TP2 book at the prices listed below.  For April, TP2 purchased the gas from GULF2 at the Zone SL IF + $.005 and shipped it to Mamou.  The total transport cost  is $.02 (including demand - this changes each month).  We don't arb the supply with Trco and Texas Gas because NYPA is extremely difficult to work with and this is a term firm sale to NYPA.

Should we change the mid price for the NYPA to include both the Zone SL mid price  and the transport expense?

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/27/2001 03:21 PM ---------------------------

Kimat Singla
03/08/2001 12:54 PM
To:	Chris Germany/HOU/ECT@ECT
cc:
Subject:	Re: Sale to NYPA

At TGT/ZSL mid i.e.
				Index	                     5.01
				Other fee	       .01
				Physical Prem          .005
				Total                          5.025

Questions, please call.

Kimat

	  From:  Chris Germany                           03/08/2001 08:23 AM

To:	Kimat Singla/HOU/ECT@ECT
cc:
Subject:	Sale to NYPA

What mid price does this deal come to TP2 at?   Deal 655067

<Embedded StdOleLink>


---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 11/01/2000
06:34 PM ---------------------------

Benjamin Rogers
11/01/2000 06:33 PM
To: tirwin@alleghenyenergy.com
cc:
Subject:

Tom:
Please see the attached round 2 bidding instructions.  Thanks!
Ben


Shirley,

Is this an upgrade for Maureen?

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/18/2000
03:58 PM ---------------------------
From: Felix Buitron Jr./ENRON@enronXgate on 12/18/2000 02:27 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: New PC with two 128mb of RAM

Vince, I have your new PC.  I will get with you when I'm done to schedule a
delivery time.  I will need your network and notes password to test your apps.

Thanks,

Felix


fyi.  (also, thanx - I feel better).

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/
----- Forwarded by Cheryl Nelson/NA/Enron on 05/23/2001 12:40 PM -----

	Cheryl Nelson
	Sent by: Cheryl Nelson
	05/23/2001 12:03 PM

		 To: Sheila Glover/HOU/ECT@ECT, Aneela Charania/HOU/ECT@ECT
		 cc:
		 Subject: Most Recent Status Report

Hello with good news: We only have ONE agreement currently under review, and
ANOTHER to negotiate!

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/


It is the special package for options with multiple assets and options on
averages.

--Stinson

Vince J Kaminski
03/06/2000 03:31 PM
To: Stinson Gibner/HOU/ECT@ECT
cc:
Subject: Financial Engineering Associates

Stinson,

What is SPAV? Is it the basket option model?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/06/2000
03:30 PM ---------------------------

	From:  Karla Feldman                           03/06/2000 01:50 PM

To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
cc:
Subject: Financial Engineering Associates

Vince and Stinson,

I checked the file and the maintenance that automatically renews on 4/1/2000
is for the following products:

All 4 of your @GLOBAL licenses
SPAV
SWING

I will go ahead and contact FEA and see about getting the renewal invoice for
these.  I'll send it to Shirley for payment once I have it.

The products:  @INTEREST, SEAPC, and SEAPP have not been on maintenance for a
while.  FEA told us a couple of years ago I believe that they do not have
maintenance available for these products any longer.  So, you don't need to
worry about cancelling @INTEREST.

Also, just FYI - your @ENERGY.1 and @ENERGY.2 licenses have maintenance
through 10/20/2000.

If you have any questions, please let me know.  Otherwise, I will proceed
with contacting FEA about you renewal of the @GLOBAL, SPAV, and SWING
licenses.

Thanks,
Karla


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Please see MAP comments at the end.  My phone number is 713/853-5620.
Thanks.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 08/28/2000 08:49 AM -----

	Jennifer Shipos
	08/22/2000 01:48 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: Enron OTC trade with MAPLLC

Here is the long history.  Marathon-Ashland's comments are at the end of this.

Thanks,
Jennifer

---------------------- Forwarded by Jennifer Shipos/HOU/ECT on 08/22/2000
01:44 PM ---------------------------
From: Harry M Collins on 08/17/2000 02:27 PM
To: Jennifer Shipos/HOU/ECT@ECT
cc:
Subject: Re: Enron OTC trade with MAPLLC

FYI

I have forwarded your message to Sara Shakleton for further handling , as her
group is the appropriate one for these matters.

	Jennifer Shipos
	08/17/2000 11:08 AM

		 To: Harry M Collins/HOU/ECT@ECT
		 cc:
		 Subject: Enron OTC trade with MAPLLC

Harry,

I had Souad fax you the GTC agreement that we sent to Marathon-Ashland.
Also, the following are the comments that they had about the agreement.

Please let me know what other steps I need to take in resolving this issue.

Thanks for your assistance.

Jennifer Shipos
X 3-5538

---------------------- Forwarded by Jennifer Shipos/HOU/ECT on 08/17/2000
11:04 AM ---------------------------

"Dale A Barwig" <dabarwig@mapllc.com> on 08/14/2000 12:58:27 PM
To: Jennifer.Shipos@enron.com
cc:
Subject: Enron OTC trade with MAPLLC

Jennifer below are MAP's legal department's comments on the Enron OTC
agreement from July 14..

  1. On the address at the top of page 1 the address for MAP should be
correctly identified.  I don't believe "Document Department" is correct.
CHANGE TO ATTENTION DALE BARWIG

  2. Under the provision titled "Floating Amount Details", "Floating Price"
at line 3, change the word "entitled" to "titled".

  3. Under Governing Law change "Texas" to "New York".

 On the last page, information should be inserted for notices for MAP and
another provision for communications.  Under "Communications" insert "Prior
to the close of business on the next business day following the trade date,
ENA will prepare and forward this contract electronically (faxed or attached
to an email in a mutually acceptable format) to MAP's trader with a copy to
the supervisor of Feedstock Acquisition and Derivative Accounting as listed
below under Contractual Invoices".

 Then for "Contractual Invoices":

Marathon Ashland Petroleum LLC (MAP)
Name: Fred L. Bennett
Title: Supervisor, Feedstock Acquisition and Derivative Accounting
Address: Room 444-M, 539 South Main Street, Findlay, Ohio 45840
Tel No: (419) 421-4200
Fax No: (419) 421-5040
Email: FLBennett@MAPLLC.com"

  4. Under Annex A General Terms and Conditions under the provision titled
"Market Disruption Event", line 3, change "ENA" to "both parties".
-----------------------------------------------------------------------

Here starts my comments on the contract language.

5.  As we talked about I am confused that which crack sale has occurred.  The
fixed price referencing the attachment should indicate USGC 74 Grade (Pipe)
Heating Oil.  I am unclear where in the document we mention Low Sulfur.

Floating Price: The average of USGC platts oilgram midpoint for USGC Pipeline
No. 2 74 Grade OIl, multiplied by 42, less the First Nearby NYMEX WTI Crude
Oil futrures settlement prices

Where is the settlement paragraph?  Something like:

If the Fixed Amount exceeds the Floating Amount for such calculation period,
the fixed price payor shall pay the floating price payor an amount equal to
such excess.  If the floating amount exceeds the fixed amount for such
calculation period, the floating price payor shall pay the fixed price payor
an amount equal to such excess.

Thanks for you help.


LAST CALL for BUSINESS HIGHLIGHTS AND NEWS for this week's EnTouch
Newsletter.

Please submit your news by noon today.

Thanks!
Kathie Grabstald
x 3-9610


-----Original Message-----
From: Jeff Megow [mailto:jmegow@Salvagesale.com]
Sent: Monday, December 17, 2001 8:57 AM
To: 'scottsmith@masterword.com'
Subject: FW: Beer Boy

You better thank God for the rain.  Tim wanted me to send this video to
you.
Enjoy the holidays.

Jeff

-----Original Message-----
From: Christi Wooldridge [mailto:wooldrid@rice.edu]
Sent: Saturday, December 15, 2001 10:45 PM
To: steve.megow@hotmail.com; Jeff Megow; Keith Howell; Marie Lamb; Rex
Wooldridge; John Montgomery; 'Kathryn Lee'
Subject: FW: Beer Boy

Guys...If this MBA thing doesn't work out......

 - The Man Show Boy Beer Stand.WMV


Val and I have finished auto-scheduling these deals. Please let me know if
you see them coming through approval, or if there is anything else I can do
to assist.

Thanks,
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 12/19/2000 05:08 PM
---------------------------

Lester Rawson
12/19/2000 04:26 PM
To: Valarie Sabo/PDX/ECT@ECT, Kate Symes/PDX/ECT@ECT
cc: Joy Werner/Corp/Enron@ENRON

Subject: Nevada Power Oct

Val,

Please approve and autoschedule the following deals I've had to change to
support the changes needed for Nevada Power transmission for October. Please
forward to Joy when done.

Les

New Deal 477935, 477995

Changed Prices
425803,427001,430148,430175,430193,430860,458520,458498,458456,435403,435508,4
58604,436523,458762,440595,458772,458783,455667,443353,444346,444369,458813,44
6512,446512.


Brenda Herod is in charge of Energy Operations for EIM and should be included
in the invitation list.  Brent Price fulfills two roles for EGM - CAO and
head of operations, so he is appropriately included covering both fronts.
Also, I had added Bob Hall to the previous Hot List meeting.  He is a VP in
Energy Operations for Enron Americas.  I would like for him to be on the list
for this meeting as well.  He and I will cover for each other on this
Wholesale Deal Meeting.  You may get both of us in attendance on occassion,
but usually it will be one or the other of us to cover operations for EA.
Thanks. --Sally

	Enron North America Corp.

	From:  Michele Beffer @ ENRON                           02/21/2001 12:53 PM

To: Brent A Price/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Kerry
Roper/GPGFIN/Enron@ENRON, Jeffrey E Sommers/ENRON_DEVELOPMENT, Kent
Castleman/NA/Enron, Roger Ondreko/HOU/ECT@ECT, Cris Sherman/HOU/ECT@ECT, Alan
Quaintance/Corp/Enron@ENRON, Stephen H Douglas/HOU/ECT@ECT, Sally
Beck/HOU/ECT@ECT, Mary Cilia/NA/Enron@Enron
cc: Chantelle Villanueva/HOU/ECT@ECT, Shirley Tijerina/Corp/Enron@ENRON,
Diane Latson/NA/Enron, Sonnia Reyes/ENRON_DEVELOPMENT, Kim Weldon/Corp/Enron,
Alisha Guerrero/HOU/ECT@ECT, Shelley Grover/Corp/Enron@Enron, Monica
Butler/Corp/Enron@Enron, Patti Thompson/HOU/ECT@ECT, Virginia
Dennard/Corp/Enron@Enron
Subject: Wholesale Deal Meetings

The following is from Mike Patrick:

Wes Colwell's Hot List Meetings have previously been held on Thursdays at
1:30pm and attended by various parties.  This meeting has been replaced by
the Wholesale Deal Meeting to be held at the same time and location.  The
attendees will be comprised of each Wholesale Business Unit's CAO,
Transaction Support lead, Tax lead and Energy Operations management.  The
meeting will be held bi-weekly and will be adjusted as necessary.   Please
note that the first meeting will be held tomorrow, Thursday February 22 at
1:30pm in EB3321.

The purpose of this meeting is :

1) For the CAO/Transaction support lead to summarize the Top 3 deals for the
quarter in each business unit, focusing on any potential issues that might
derail the closing of the deal, and

2) For the Transaction Support team to update the group on any global
accounting issues, and

3) To create/maintain a "Wholesale Critical Deal Sheet" comprised of
Wholesale's Top Ten critical deals

The meeting is not intended to be a business unit administration meeting
(i.e., floor space, SAP, etc.).  I believe Wes still plans to hold a
Wholesale CAO meeting to discuss other non-deal issues.

Following are the dates of the upcoming meetings.  The meetings will be held
from 1:30pm - 2:30pm in EB3321.

February 22
March 8
March 22
April 5
April 19
May 3
May 17
May 31
June 14
June 28
July 12
July 26
August 9
August 23
September 6
September 20
October 4
October 18
November 1
November 15
November 29
December 13
December 27


I regret to inform you that Ken Rice and Kevin Hannon have decided to leave Enron to pursue other opportunities.  Most recently, Ken had been assisting in the transition of Enron Broadband Services to Wholesale Services.  Kevin recently left Broadband Services to lead our Global Assets business.

In addition to building a wholesale model for the trading of bandwidth as a commodity, Ken and Kevin made significant contributions to the development of our wholesale business.  I am grateful to both of them for their outstanding service to Enron.

I am pleased to announce that effective immediately Stan Horton, chairman and CEO of Enron Transportation Services, will assume additional leadership responsibility as chairman and CEO of Enron Global Assets, excluding the South American merchant business, which will continue to report to John Lavorato.  Stan is a 28-year veteran of the company with a proven track record of outstanding results.  Enron Global Assets will continue to function as a separate unit headed by President and Chief Operating Officer Jim Hughes, who will report to Stan.

Please join me in supporting Stan in his expanded role and in wishing Ken and Kevin the very best of success in their new endeavors.