Hello all.

We just received notification that our Bank has received the CAD$3MM out of
CAD$8MM originally expected.

Thanks
Kenny

 -----Original Message-----
From: 	Kenny Foo [mailto:Kenny.Foo@ngx.com]
Sent:	Monday, November 26, 2001 1:44 PM
To:	'Jason Williams (E-mail)'; 'Randy Otto (E-mail)'; 'Mike Cowan (E-mail)'
Cc:	'Louise Kitchen (E-mail)'; Gary Gault; Ron Manitowich
Subject:	Enron position.
Importance:	High

It has been our understanding (credit area, both companies) that Enron must
prepay for all its purchases including all forward positions ever since
Enron was downgraded to BBB minus.  Unfortunately for Enron Canada Corp., I
cannot convince my Board nor my Bank to do otherwise.

Enron will still get interest from pre-payments that have not been used to
pay for gas that has already been delivered and invoiced.

With the above in mind, here is the current status:
					CAD$
$ carried forward from yesterday 	   2,725,000
Today's purchases			(14,225,000)	large part of which is Dec gas
Today's wire				   8,000,000 	which incidentally has not arrived as yet
Balance	(short)			  (3,500,000)

Jason, kindly
*	please followup with your Treasury area to see where CAD$8mm is?
*	please, for today's value date, arrange to send another CAD$3.5mm plus
whatever $$ your traders need for tomorrow?
*	your Calgary traders have another 30TJs of room for day gas at time of
writing this email (purchases so far today 3,660TJs).  Once the 30TJs is
filled, you will be halted.

We thank you for your co-operation.

Kenny Foo
Credit and Risk Manager
NGX Financial Inc
140 - 4 Avenue SW, Suite 2330
Calgary,  Alberta, T2P 3N3
Ph: (403)974-1737
Fx: (403)974-1719


Please keep this number handy just in case.  Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 03/06/2001 02:17 PM
---------------------------

Candace Spencer
03/02/2001 12:26 PM
To: Sally Beck/HOU/ECT@ECT, Richard C McKeel/HOU/ECT@ECT, Mark
Dupuy/CAL/ECT@ECT, Kathy Reeves/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Kevin
Heal/CAL/ECT@ECT
cc: Jill Piers/CAL/ECT@ECT
Subject: Peggy Hedstrom

If you need to reach Peggy while she is on vacation you can call her at:

   # (808) 879-6321 Unit 4.

If you have any questions or concerns please don't hesitate to call me.


This is the doc for revision.  We need it asap.  Thanks.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 12/17/99 09:27
AM ---------------------------

	From:  Larry Joe Hunter                           12/16/99 07:32 PM

To: Sara Shackleton/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Stuart
Zisman/HOU/ECT@ECT
cc: Rodney Malcolm/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT
Subject: Merrill Lynch Draft

To all,

The enclosed is the unreviewed Draft.  Please send comments to Sara
Shackleton at your convenience.

thanks,
Joe Hunter


Suzanne,

Please set up a conference call for tomorrow, 830 Houston time, and advise
the following of the details:

Sheila
Scott Dieball
Rose Engeldorf
Kent Shoemaker
Mike Barnas

The last two are from GE.

Thanks,

Kay


Ginger, Attached is the entire conference agenda.  Rick agreed to speak on
Wednesday, June 6 from 8:30-10:00 in the General Session.
Janine
----- Forwarded by Janine Migden/NA/Enron on 02/27/2001 04:09 PM -----

	MinnWood@aol.com
	01/05/2001 08:49 AM

		 To: kanderson@ase.org, jim.beal@uwa.unitedway.org, mbernald@eei.org,
kbrown@ceaf.org, Don.M.Dasher@bge.com, cindyd@dollarenergy.org, i2j@ornl.gov,
meghan_finegan@citizensenergy.com, mflint@aep.com, jmfox@acf.dhhs.gov,
robert_groberg@hud.gov, Rkaygrosse@aol.com, Aguyant@aol.com, aabe@erols.com,
jacqueline.holmes@ferc.fed.us, johwat@nclc.org, jhuber@pmaa.org,
jjackson@n4a.org, jjacob@keyspanenergy.com, kjoslin@ncat.org,
mlefevre@aarp.org, Brmarkey@aol.com, judymason@nacaa.org,
della_m_mccurdy@email.fpl.com, middelsj@sce.com, jmigden@enron.com,
millerm@puc.state.pa.us, vmroczek@odod.state.oh.us,
rsims@columbiaenergygroup.com, warfield@sso.org, mweedal@smud.org
		 cc:
		 Subject: Grid

Colleagues:

Here is the grid that I have sent to Kay Joslin for inclusion in the
registration brochure.  The track leaders deserve a round of applause and
many kudos for the great work they've done in developing a very strong grid.

And, thanks to Kay for doing the vital job of handling all the printing!!!!

Ron

 - Grid 2001.doc


pls review to see if this will work for you.........!
---------------------- Forwarded by Joseph Alamo/NA/Enron on 06/01/2001 10:57
AM ---------------------------

Cynthia Biggs <cynthia.biggs@travelpark.com> on 06/01/2001 10:49:33 AM
To: "'joseph.alamo@enron.com'" <joseph.alamo@enron.com>
cc:

Subject: car reservation for jeff dasovich

                                          AGENT CB/CB BOOKING REF YYSCQM

                                          DASOVICH/JEFF
                                          ENRON CORP
                                          101 CALIFORNIA ST STE 1950
  ENRON CORP                              SAN FRANCISCO CA 94111
                                          CAR RES ONLYH

  DATE:  JUN 01 2001

CAR                   04JUN HERTZ                  SAN F CA
                      05JUN CONFIRMATION: B4752A11825
                            FULL 4-DOOR CAR AUTOMATIC AIR
                            RATE: USD53.99- .00 UNL DY 27.00- UNL XH
                            RATE GUARANTEED
                            PICK-UP: 433 MASON STREET, SAN FRANCISCO
                            DROP-OFF: 433 MASON STREET, SAN FRANCISCO
SCO

MISCELLANEOUS         03OCT HOUSTON TX
                      WED   ** THANK YOU FOR USING THE TAP **

DASOVICH/JEFF  S0C0011R1000

ALL FARES ARE SUBJECT TO CHANGE UNTIL TICKETED/PURCHASED


I will be out of the office, Friday 3/29.  Should you have any questions, please contact the listed commercial lead or Eric Boyt (x5-7754).


If you can't tell, I'm trying to get you to come back at me...  I hope you
don't think I'm being serious.

-----Original Message-----
From: Katie Trullinger
Sent: Wednesday, April 18, 2001 3:27 PM
To: 'Mark.Guzman@enron.com'
Subject: RE: hi!

Why would you need to come back?  You're the one always ripping on your
friends for never wanting to hang out with any chicks!!  I wasn't meaning
that towards you  But if you feel like making some sort of weak ass attempt
at making fun because you still think I'm a freekin' lesbian then go right
ahead!

-----Original Message-----
From: Mark.Guzman@enron.com [mailto:Mark.Guzman@enron.com]
Sent: Wednesday, April 18, 2001 3:13 PM
To: Katie.Trullinger@wfsg.com
Subject: RE: hi!

I thought of a great comeback for that one but since I haven't heard from
you in a while I am going to be nice


fyi

 -----Original Message-----
From: 	CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent:	Friday, October 12, 2001 3:01 PM
Subject:	GSS/LSS Rate changes Effective 11/01

October 12, 2001

To:  LSS and GSS Customers

Re:  DTI Changes Effective 11/1/01

On September 21, 2001, Dominion Transmission, Inc. (DTI)
filed revised tariff sheets in Docket No. RP01-632 in order
to implement its Settlement which was approved by the
Commission in a letter order issued September 13, 2001.  DTI
anticipates an effective date of November 1, 2001.  Included
in DTI's filing are revised rates under its Rate Schedule
GSS which Transco uses to render service to its customers
under its Rate Schedules LSS and GSS. If accepted as
proposed, the revised DTI rates would result in the
following changes to Transco's current Rate Schedules LSS
and GSS rates:

GSS Deliverability Charge -       $0.0006 increase
GSS Injection Charge -            $0.0171 decrease
GSS Withdrawal Charge -           $0.0171 decrease
GSS Excess Delivery Charge -      $0.0170 decrease
LSS Demand Charge -               $0.0007 increase
LSS Injection Charge -            $0.0193 decrease
LSS Withdrawal Charge -           $0.0194 decrease

In addition, on September 21, 2001, DTI filed revised tariff
sheets in Docket No. RP01-611 in order to comply with the
Stipulation and Agreement in Docket Nos. RP97-406, et al.
The filing reflects a phased conversion of Rate Schedule
GSS-II entitlements to Rate Schedule GSS with a proposed
effective date of November 1, 2001. Included in DTI's filing
are revised rates under its Rate Schedule GSS which Transco
uses to render service to its customers under its Rate
Schedules LSS and GSS. If accepted as proposed, the revised
DTI rates would result in the following changes to Transco's
current Rate Schedules LSS and GSS rates:

GSS Deliverability Charge -       $0.0100 increase
GSS Capacity Charge -             $0.0002 increase
GSS Injection Charge -            $0.0001 decrease
GSS Excess Delivery Charge -      $0.0043 increase
LSS Demand Charge -               $0.0120 increase
LSS Capacity Charge -             $0.0002 increase
LSS Injection Charge -            $0.0001 decrease

On September 28, 2001, DTI also filed revised tariff sheets
in Docket No. RP01-625 in order to update its Electric Power
Cost Adjustment.  Included in DTI's filing are revised rates
under its Rate Schedule GSS which Transco uses to render
service to its customers under its Rate Schedules LSS and
GSS. If accepted as proposed, the revised DTI rates would
result in the following changes in Transco's current Rate
Schedules LSS and GSS rates effective November 1, 2001:

GSS Deliverability Charge -       $0.0023 increase
GSS Injection Charge -            $0.0004 decrease
GSS Withdrawal Charge -           $0.0001 increase
GSS Excess Delivery Charge -      $0.0005 increase
LSS Demand Charge -               $0.0028 increase
LSS Injection Charge -            $0.0004 decrease
LSS Withdrawal Charge -           $0.0001 increase

On September 28, 2001, DTI also filed revised tariff sheets
in Docket No. RP01-626 in order to update its Transportation
Cost Rate Adjustment.  Included in DTI's filing are revised
rates under its Rate Schedule GSS which Transco uses to
render service to its customers under its Rate Schedules LSS
and GSS. If accepted as proposed, the revised DTI rates
would result in the following changes to Transco's current
Rate Schedules LSS and GSS rates:

GSS Deliverability Charge -       $0.0145 decrease
GSS Injection Charge -            $0.0007 decrease
GSS Withdrawal Charge -           $0.0007 decrease
GSS Excess Delivery Charge -      $0.0034 decrease
LSS Demand Charge -               $0.0174 decrease
LSS Injection Charge -            $0.0008 decrease
LSS Withdrawal Charge -           $0.0008 decrease

Please refer any questions to Mike Heeney, Rate Department,
at (713) 215-2424.


Biliana,

I am glad I could help.
Look forward to working with you.

Vince

Biliana Pehlivanova <biliana_pehlivanova@yahoo.com> on 12/31/2000 08:19:52 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Biliana's resume

Mr. Kaminski,

I would like to thank you for forwarding my resume. I
have resently accepted Enron's offer for a position
with the Analyst Program and will be joining the
company in February.

Hope you had a merry Christmas and wish you a happy
New Year's!

Regards,
Biliana

--- Vince.J.Kaminski@enron.com wrote:
>
> Biliana,
>
> I forwarded your resume to the HR person
> responsible for recruiting at your University
> with my recommendation.
>
> Vince
>
>
>
>
>
> Biliana Pehlivanova <biliana_pehlivanova@yahoo.com>
> on 09/28/2000 06:02:20
> PM
>
> To:   vkamins@enron.com
> cc:
> Subject:  Biliana's resume
>
>
> Mr. Kaminski,
>
>
> Thank you for referring me to your recruitment
> representative.
>
> Attached is my resume. I would appreciate you
> letting
> me know the name of the HR person whom I can folow
> up
> with.
>
> Best regards,
> Biliana
>
>
> =====
> ==================================
> Biliana Pehlivanova
> Vice President of Incoming Exchange
> AIESEC Houston
> 713 743-4927
> ==================================
>
> __________________________________________________
> Do You Yahoo!?
> Yahoo! Photos - 35mm Quality Prints, Now Get 15
> Free!
> http://photos.yahoo.com/
> (See attached file: Biliana's resume.doc)
>
>
>

> ATTACHMENT part 2 application/octet-stream
name=Biliana's resume.doc

=====
==================================
Biliana Pehlivanova
Vice President of Incoming Exchange
AIESEC Houston
713 743-4927
==================================

__________________________________________________
Do You Yahoo!?
Yahoo! Photos - Share your holiday photos online!
http://photos.yahoo.com/


Will do.

From: Sheila Tweed@ECT on 06/16/2000 03:23 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Thoughts on Gleason Performance---Let's get together about this.

Would you please call Mitcha and get the relevant information?  I suppose
that a demand letter (under the warranty?) could be in order but any
pre-litigation moves need to be coordinated with Richard Sanders.  Maybe this
hasn't risen to that level yet, but $12 Million sounds pretty serious.


John,
I have a draft that I have been working on revising--got pulled off to work
on Triple Lutz again and may not have anything to distribute until late next
week--I will be out of the office on Triple Lutz the rest of today and
tomorrow and then out of town until the 25th--I will try to get something to
you to look at before I go but can make no guarantees--

Sandi

	John Griffith@ENRON
	10/17/2000 08:17 AM

		 To: Sandi M Braband/HOU/ECT@ECT
		 cc:
		 Subject: Cornhusker

Sandi,

What is going on with Cornhusker?  Have we made any progress on the
agreement?  Please let me know where we stand.  Thanks.

John


Start Date: 4/12/01; HourAhead hour: 17;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041217.txt


Thanks Lisa!

	Lisa Lees
	10/26/2000 10:43 AM

		 To: Jason Althaus/Corp/Enron@Enron
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: ETAs

Jason,

As we discussed, please route the message below to the approriate IT person
to retrieve the ETAs referenced.

Thank you.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/26/2000 10:37 AM
---------------------------
From: Tana Jones on 10/25/2000 03:26 PM
To: Lisa Lees/HOU/ECT@ECT
cc:
Subject: ETAs

Travis needs to get copies of the ETA's below.  I don't know if there is
someone here in Houston that can get them for him, or someone in London.  I
usually would have called Edmund on this but he's out sick for awhile.  Can
you track it down for us?  Thanks!
----- Forwarded by Tana Jones/HOU/ECT on 10/25/2000 03:24 PM -----

	Travis McCullough
	10/25/2000 02:43 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: ETAs

Tana -- I need the EnronOnline ETAs (faxes would be OK) for the following
countries:

Australia
Bermuda
Chile
Croacia
Czech Republic
Denmark
Japan
Mexico
Norway
Peru
Poland
Romania
Slovenia

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


IEP has scheduled a Restructuring/Transmission Task  Force meeting for 9:30
a.m. on Friday, Nov. 3.? The meeting will be held  here at IEP.? While we
would prefer an in-person meeting, we will also  provide teleconferencing
capabilities for those who would like to participate by  phone.
?
The purpose of the meeting will be to review and  discuss the draft IEP
response to the various FERC filings addressing a  dysfunctional market in
California and alledging generator/marketer market power  abuse.? As noted in
our previous email, IEP is developing a response to  these FERC filings
compatible to the work being accomplished by the Market  Response Project.?
?
In addition to reviewing and discussing the draft  response, we will be
discussing specific recommedations to the FERC/CPUC/EOB,  etc. to improve the
functioning of the marketplace.? We will be circulating  prior to the meeting
the latest thinking on this, and we expect to discuss in  detail the range of
recommendations which might be inserted into the FERC  response filing.? This
will be a followup to the IEP Board discussion on  Wednesday at IEP's Annual
Meeting.
?
A draft agenda for the meeting is as  follows:
?
9:30??? ??? Review of  Regulatory Environment at FERC, EOB, CPUC
?
10:00???  ??Discussion?of FERC California Report (To Be Released on
Wednesday, November 1)
?
11:00??????Review and  Discussion of IEP Draft FERC Filing (To Be Distributed
on Wed/Thursday, November  1-2)
?
12:00??????Lunch
?
1:00???????  Discussion of Specific Recommendations To FERC To Improve
Marketplace
?
3:00??? ???  End
?
?
Schedule of Upcoming  Events
As an FYI, I note the following calendar  events:
?
November 1??? ???  ??? ??? FERC Releases "California  Report"
November 9??? ???  ??? ??? FERC Convenes Meeting/Workshop To Receive
Responses on California Report/Marketplace
November  21??????????????Parties  Comments Due To FERC on California Report


----- Forwarded by Steven J Kean/NA/Enron on 03/09/2001 01:08 PM -----

	Tamara Hopkins/ENRON@enronXgate
	03/08/2001 08:53 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Tammy Hopkins - Resume

 Steve, for the last two years I have been working for Shelley and my
responsibilities include working with the ETS  and NBPL to determine our
positions as it relates to the standardization process at GISB.  In the last
budget process, it was decided to reduce our level of support at GISB and my
position will be eliminated March 31.  I have been working with Cindy and her
Redeployment Team to look at other opportunities within Enron but to date, I
have not received an offer.  I would be interested in talking to someone in
your organization about any opportunities within Government Affairs.  If
there are any opportunities in your areas, could you direct me to the
appropriate person?

    Thanks!

      Tammy Hopkins


Today, Enron hosted a conference call to give investors a current overview of the company. Here's an update of what we discussed during the call.

We told investors that we're doing everything we can to protect their interests and to regain their confidence. Our focus remains on our credit quality, balance sheet and liquidity, which are essential for our continued success and expansion of our wholesale businesses.

It took more than a few weeks to get where we are today. Here's a snapshot of significant events that led to our current situation:

-- In hindsight, we definitely made some very bad investments in our non-core businesses over the past several years. Those include investments in Azurix, India and Brazil. They have performed far worse that we could have ever imagined when we made these investments;

-- Because of these bad investments, we've become over-leveraged as a company. The negative impact of those investments was exacerbated through the extensive use of debt capital both on and off our balance sheet;

-- We also entered into related party transactions that led to a loss of investor confidence, which has been very damaging;

-- We've been criticized for our lack of transparency and our hard-to-understand financial and operating disclosures; and

-- On top of it all, we discovered errors in our financial statements, as discussed in our 8-K filing last week, that required a restatement of previously reported earnings.

We've taken a new look at our businesses and have separated them into three areas: core businesses, non-core businesses, and businesses under review.

Core Businesses

Our core businesses remain strong and consistent sources of significant earnings and cash flows for the company. They're our competitive advantage. These include:

-- Natural gas pipeline businesses;

-- Gas and power businesses in North America and Europe;

-- Retail businesses in North America and Europe; and

-- Coal businesses in North America and Europe.

The events of the past few weeks have had a temporary negative impact on our projected fourth quarter profitability. It's too early to tell at this time what impact this might have on our operating results. We are considering these actions now so that we can quickly return to normal business in 2002.

I also remain optimistic that the actions we've taken over the past couple of weeks have addressed our customer and counterparty credit and liquidity concerns. According to our business unit leaders, we have definitely seen improvement in our counterparty relationships.

Non-Core Businesses

Our non-core businesses include our global assets group and our broadband division. We have invested more than $8 billion in these businesses, and the return from them has been dismal.

We have an aggressive program in place to exit these businesses and expect that the sale of these businesses will generate billions of dollars in cash that we can use to repay debt and reinvest in our core businesses. We already have more than $800 million in assets contracted for sale this year. They include CEG Rio, a gas LDC in Brazil; EcoElectrica, a power plant and LNG receiving terminal in Puerto Rico; and asset sales of offshore oil and gas properties in India. The approximately $2.9 billion Portland General sale is also on target to close in late 2002 pending regulatory approvals.

Businesses Under Review

These businesses are comprised of those operations outside our power and gas wholesale businesses and include global and industrial markets. While several of these businesses have very strong future prospects, we need to determine if their capital requirements and near-term growth prospects are sufficient enough in terms of earnings and cash generation.

Reviewing our businesses this way will help determine where we need to make reductions to our work force. More information will follow as soon as it becomes available.

Credit Rating/10-Q Filing

We continue to meet regularly with credit rating agencies and believe that our liquidity enhancements and scheduled asset sales will strengthen our balance sheet and maintain our investment grade credit rating. Our current credit ratings by the three major rating agencies are as follows:

-- Moody's at Baa3       "Under Review for Further Downgrade"

-- Fitch at BBB-             "Evolving Status"

-- S&P at BBB-              "CreditWatch Negative"

We also discussed our existing financial vehicles, including Osprey, Marlin and Yosemite, in further detail. We told investors that we will file our 10-Q five days late due to our current activities. It will be filed on Nov. 19.

We will continue to have updates with investors over the coming weeks as well as our frequent updates with you. The full transcript of our conference call will be filed with the Securities and Exchange Commission in the next few days. It will also be posted on our web site at www.enron.com/corp/investors under "SEC Filings."

In connection with the proposed transactions, Dynegy and Enron will file a joint proxy statement/prospectus with the Securities and Exchange Commission. Investors and security holders are urged to carefully read the joint proxy statement/prospectus regarding the proposed transactions when it becomes available, because it will contain important information. Investors and security holders may obtain a free copy of the joint proxy statement/prospectus (when it is available) and other documents containing information about Dynegy and Enron, without charge, at the SEC's web site at www.sec.gov. Copies of the joint proxy statement/prospectus and the SEC filings that will be incorporated by reference in the joint proxy statement/prospectus may also be obtained for free by directing a request to either: Investor Relations, Dynegy Inc., 1000 Louisiana, Suite 5800, Houston, TX 77002, Phone: (713) 507-6466, Fax: (713) 767-6652; or Investor Relations, Enron Corp., Enron Building, 1400 Smith Street, Houston, TX 77002, Phone: (713) 853-3956, Fax: (713) 646-3302.

In addition, the identity of the persons who, under SEC rules, may be considered "participants in the solicitation" of Dynegy and Enron shareholders in connection with the proposed transactions, and any description of their direct or indirect interests, by security holdings or otherwise, are available in an SEC filing under Schedule 14A made by each of Dynegy and Enron.


Will you please activate all phys and fin index products for Nov and Nov-Mar.  Don't forget to paint it with nice tight two ways and wood.

Thanks for playing,
Mike


Per your request, year-to-date 1999 gross operating revenues for Enron
Midstream Services, LLC was $14, 158.95.  This amount is very small because
EMS did not begin operations until the end of December 1999.

Per Wayne Pierce of the Tax Department, EMS's SIC code is the same as ENA's.
It is 422700.

Please let me know if you have any other questions.

Alexia Pearce
713-853-7047


It appears that the following email may not have been clear.  You have to copy all documents yourself.

This is my cheat sheet if it helps:

H Drives:
1.  Each person will have to move any data over personally from the old H drive (which is now Z:) drive to their new H drive.
2. The Z: drive (old H:) will be removed from UBS employees on Thursday night.

O Drives:
1. For the old O or M drives go to O:\ESTATE\ O (or M ? pending location of data) and copy to the new common O.  The Estate O and M will be removed from UBS employees on Thursday night.

Do not delete anything and only copy information which is complies with the policy.  Please make sure that those people who are not in the office are contacted and comply.

Louise

To:		All Enron Employees Transferring to UBS Warburg Energy (or its affiliates)

Under the terms of the various agreements among certain Enron entities and UBS AG, certain Enron data and documents may be provided to UBS.  To ensure compliance with those agreements, Enron's document retention policy, as well as directives of various investigative agencies, the attached protocol regarding the process for migration of any information or data to UBS has been developed.

Please review the protocol carefully.  Then, complete the attached Certification and return it, with attachments, to Linda Guinn at EB 3829a no later than February 11, 2002.

Questions about this matter may be directed to Michelle Cash at (713) 853-6401 or Francisco Pinto-Leite at (713) 345-7942 .

Protocol Document and Data Copy Instructions

Certification Document


Gary,

Here are the PX's comments on the ISO's contract definition.

Thanks,

Max

(See attached file: ISO Draft Product Description Comments.doc)

 - ISO Draft Product Description Comments.doc


Mark--I hate to be a pest, but this topic is still an issue over here.  We
are in the process of moving, but I am told that you and I have spoken many
times over the past several months on this issue and the marketing people
are curious why we haven't resolved this.  Interesting.  Your help will be
appreciated.  Thanks.

Molly Sample
General Counsel
EOTT Energy Corp.
713-993-5027
fax 713-402-2806
----- Forwarded by Molly Sample/Houston/Eott on 09/25/00 11:57 PM -----

                    Molly Sample
                                         To:     Dana Gibbs
                    09/04/00             cc:
                    12:47 PM             Subject:     Enron Online

Please let me know how hard to push this one.    Thanks.

Molly Sample
General Counsel
EOTT Energy Corp.
713-993-5027
fax 713-402-2806
----- Forwarded by Molly Sample/Houston/Eott on 09/04/00 12:52 PM -----

                    Molly Sample
                                         To:     Dana Gibbs
                    08/13/00             cc:
                    02:05 PM             Subject:     Enron Online

I really need to speak with Mark Taylor about the structure of the shell
corporation before we can go any farther on the Enron Online initiative.  I
realize he is busy.  What is the priority on this to help me get it moved
up on his list, or atleast find a few minutes to call me back? Thanks.

Molly
----- Forwarded by Molly Sample/Houston/Eott on 08/13/00 02:09 PM -----

                    Molly Sample
                                         To:     tana.jones@enron.com
                    07/31/00             cc:
                    04:48 PM             Subject:     Enron Online

Here is the info I need for Enron Online. Thanks for all your help.

Molly
----- Forwarded by Molly Sample/Houston/Eott on 07/31/00 05:02 PM -----

                    Molly Sample
                                         To:     Mark.Taylor@Enron.com
                    07/19/00             cc:
                    03:48 PM             Subject:     Enron Online

This topic has moved up on the radar screen over here.  In addition to the
issues about setting up the shell corporation, what are the rules for the
Enron affliliates who trade on line?  Josie Castrejana in our credit group
has talked to Tom Moran in your credit group.  EOTT is concerned about
credit issues for the shell corporation.  How do you handle that with the
other Enron affiliates?  Who would post letters of credit or guaranties?
How does the contract get from the Enron affiliate to EOTT--is the contract
assigned or do we do back to back deals?  If this is a physical
transaction, we need to figure out a way to coordinate names on the
contract, credit, invoice, ticket, etc.  Also, who would nominate the
volumes?

Needless to say, we are not finished yet.  Please let me know when you
would be available to go over these issues.  Thanks so much for your help.

Molly
----- Forwarded by Molly Sample/Houston/Eott on 07/19/00 03:38 PM -----

                    Molly Sample
                    Sent by:             To:     Mark.Taylor@Enron.com
                    Autumn               cc:     Dana
Gibbs/Houston/Eott@Eott, Charles
                    Cartier              Uus/Houston/Eott@Eott
                                         Subject:     Enron Online

                    07/17/00
                    01:32 PM

Please see the attached memo.

Thank you.

(See attached file: 0714m005.doc)

 - 0714m005.doc


Paul,

I reviewed NY's list.  I agree with all of their contracts numbers and mw amounts.

Call if you have any more questions.

Rebecca

 -----Original Message-----
From: 	Thomas, Paul D.
Sent:	Monday, December 17, 2001 9:08 AM
To:	Grace, Rebecca M.
Subject:	FW: Current Enron TCC Portfolio

 << File: enrontccs.xls >>
Rebecca,
Let me know if you see any differences.

Paul
X 3-0403
-----Original Message-----
From: Thomas, Paul D.
Sent: Monday, December 17, 2001 9:04 AM
To: Ahmed, Naveed
Subject: FW: Current Enron TCC Portfolio

-----Original Message-----
From: Thomas, Paul D.
Sent: Thursday, December 13, 2001 10:01 AM
To: Baughman, Edward D.
Subject: Current Enron TCC Portfolio


Ted, please see if they will agree to Texas law (see last paragraph).  If
not, let me know.
Otherwise, this looks fine.

SS

Ted Chavez
05/09/2000 08:48 AM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Confidentiality Agreement with Southern Company Energy Marketing, LP

Susan,

 Please review the attached agreement and let me know if you approve.

Thanks,
Ted
x-37952


I hope this is what you're looking for.  I will call in later today to make
sure you received it and answer any further questions.  I have also asked my

office to fed ex a packet of materials about Luntz Research

Frank Luntz

 - Enron Final Proposal.doc


Darren:

(1)  Goldman Sachs
ENA  executed the Client Access Agreement with Goldman, Sachs & Co.  on June
15, 2000.  Since you are trading in the name of ENA, you should not need to
execute an additional agreement.  I confirmed this with Ted Leh this
morning.  At Ted's suggestion, please forward to me the fax number and email
address of the Goldman person requesting that you execute further
documentation.  I can fax to him a copy of the agreement and correspond by
email.  I will also copy Ted Leh and Vivian Siao (keeps track of agreements
and authorized traders) so that everyone is up to date.

(2)  UBS Warburg
I spoke with Sheryl Gallant.  ENA and other Enron affiliates are already
trading on the UBS electronic websites for OTC transactions.  Interestingly
enough, UBS does not require an electronic trading agreement to be signed by
a customer for online trading.  In other words, ENA has an executed ISDA with
UBS dated May 31, 1993, you are an authorized trader for ENA and UBS is happy
to let you access their platform. Sheryl does not know why Jun Ishi requested
execution of a "Client User List" (i.e., an authorized trader list) and said
to forget it.  If you would like for me to speak to Jun Ishi or correspond
with him (please send his email address), just let me know.

Please let me hear from you if you would like for me to pursue further.  As a
representative of ENA, you will probably have most agreements already in
place.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


---------------------- Forwarded by Mary Hain/HOU/ECT on 11/30/2000 08:57 AM
---------------------------

Steve Walton
11/29/2000 03:34 PM
To: Paul Kaufman/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT
cc:
Subject: RTO West Transfer Payments --- Much Better Example

Please ignore the transfer payment example I sent earlier in the day.  When
we were unable to talk on the phone, I kept working on the example and added
panels to show each step in the process.   I have also prepared a short note
to describe the pricing provisions of the Transmission Operating Agreement
which trigger the transfer payments.  The spreadsheet has notes which explain
the process.  It also assumes that a volumetric export fee is not added.
Hopefully we can find a time to talk about these documents to make sure I
have communitcated the issue.

Steve


Sorry Vince, please use this file instead of the earlier one.
Krishna.


Unfortunately I will be out of the office on Wednesday.

Hunter


Mark:

Attached please find the latest version of the Long Description for the new
Nuclear Outage Knock-In Call Option.  Let me know if you have any
thoughts/comments.

Leslie


Just a quick note to let you all know that my email and cell phone number
have changed.. the new email address is dab312@hotmail.com and my new cell
phone # effective immediately is 713-459-4064.

The reason for the email change is that i have had trouble recieving emails
with this one so I changed it so I can recieve emails from everyone. So feel
free to email me, so that I know that the new one works.  Talk to you later

_________________________________________________________________
Send and receive Hotmail on your mobile device: http://mobile.msn.com


Attached, please find a series of Executive Orders from Governor Davis
related to siting and existing generation.

 - EXECUTIVE ORDERs.doc


nice.  i just dropped my whole glass of water on me!


TASK ASSIGNMENT

Status:		completed

Task Priority:
Task Due On:
Task Start Date:

old deal may have been 5,000 a month plus expenses


FYI.
---------------------- Forwarded by James D Steffes/HOU/EES on 12/10/99 05:26
PM ---------------------------
From: Jennifer Fraser@ECT on 12/09/99 07:53 AM
To: Richard Shapiro/HOU/EES@EES
cc: James D Steffes/HOU/EES@EES
Subject: For my favorite card carrying commie

 - xmas.gif


AND, I want to hold back $79,000 of revenue on deal #401601.

The customer price is $5.7025 which is based on the following

Sales Price  $5.4850
Transport to Stoi $.1526  (I included $.0147 too much by accident)
Storge Injection  $.0249
Capacity Demand $.0400

Total Price  $5.7025

We will overinject in October by about 362,000 dth to max out storage by Oct
31.  Since we will not estimate the transport expense until Oct, I want to
hold back roughly 362,000 dth x $.2175 = $79,000.00  (close enough).

Thanks

---------------------- Forwarded by Chris Germany/HOU/ECT on 09/14/2000 03:47
PM ---------------------------

Chris Germany
09/14/2000 03:23 PM
To: Alicia Perkins/HOU/ECT@ECT
cc: Joann Collins/Corp/Enron@ENRON, Dick Jenkins/HOU/ECT@ECT, Kimat
Singla/HOU/ECT@ECT
Subject: Inventory Storage Transfer

Effective 9/15/00 ENA sold NIPSCO 500,000dth storage see deal #401601.
Adjusted the deal # 268093 & #268090 on the CGAS storage worksheet.
Please make the necessary changes in TAGG

Tks
Chris


(See attached file: HPLN1129.xls)

 - HPLN1129.xls


Dudes:
Here's my my comments to Mark's answers to the questions, and suggestions to
Jimmie's model.  I don't answer the bottom line question, since we have some
talking to do on the model.

Jimmie, your model is great except we have to value the company on cash flow
(as opposed to NI).  I've take a stab at setting up the discounted cash flow
model.  All my stuff is highlighted in yellow.

It's the capex that's screwy (see assumptions given in questions).  I get at
25% of 1995 revs, not 45.8% as indicated in the assumptions.

I also assume that when it sez working capital is net zero, we don't factor
those balance sheet line items into the DCF model.  Others agree?

Anyway, it gives me a $3.32 share value, so I think the model's got some
work.  Take a look and let me know what you think.

Best,
Jeff


Yes, I need the chart to reflect EACH MONTH during the term of the
transaction.  Sara


Dear Power Outage Database Customer,

Attached you will find an excel document. The outage contained within is
a rescheduled outage. Your daily delivery will still contain this
outage.

In addition to the excel document, there is a dbf file that is formatted
like your daily delivery you receive nightly. This will enable you to
load the data into your regular database. Any questions please let me
know. Thanks.

Greg Elliott
IIR, Inc.
713-783-5147 x 3481
outages@industrialinfo.com

THE INFORMATION CONTAINED IN THIS E-MAIL IS LEGALLY PRIVILEGED AND
CONFIDENTIAL
INFORMATION INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY NAMED
ABOVE.  YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION, OR
COPY OF THIS E-MAIL TO UNAUTHORIZED ENTITIES IS STRICTLY PROHIBITED. IF
YOU HAVE RECEIVED THIS E-MAIL IN ERROR, PLEASE DELETE IT.

 - 110701R.xls
 - OUTAGE.dbf


(Connie Burns in Bill Hogan's office 617-495-1318)  Lunch will be served.


Looks good to me.  Send it out as soon as the CA is signed.

Thanks,
Chris Hilgert
Enron Compression Services
Work: 713-853-7350
Cell:   713-857-2479
www.enron.com/compression

 -----Original Message-----
From: 	Druzbik, Lisa
Sent:	Monday, July 30, 2001 5:43 PM
To:	Higgins, Ned; Hilgert, Chris; Bieniawski, Paul; Vasquez, Miguel; Gregory, Paul; Wilson, Garry D.
Cc:	Nemec, Gerald
Subject:	Final Keystone Term Sheet
Importance:	High

Team,
Attached is the final Keystone Term Sheet proposal to Northern Natural Gas.  NNG is still in the process of having the CA signed.  As soon as the CA is signed by NNG (Tuesday at the earliest), the attached Term Sheet will be delivered to NNG by Ned Higgins.

 << File: NNG Keystone Term Sheet (July 30) II.doc >>

Thanks, Lisa Druzbik


Hi.

We can get a computer hook up through Time Warner for $15 month.  Could you
ask John if he likes it?  Can it be installed anywhere in the house?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/22/2001 10:54
AM ---------------------------

	From:  The ClickAtHome Project Team                           01/10/2001
03:19 PM

Sent by: Enron Announcements
To: ClickAtHome Pilot 1 Confirmed Participants, ClickAtHome Pilot 2 Confirmed
Participants
cc: Suzanne Brown/HOU/ECT@ECT, David Wise/NA/Enron@Enron, Kevin
Whitehurst/NA/Enron@ENRON, Elizabeth Boudreaux/NA/Enron@Enron, Stacey
Dempsey/HR/Corp/Enron@ENRON, Marie Newhouse/Corp/Enron@Enron, Marsha
Francis/Corp/Enron@Enron

Subject: ClickAtHome ISP Ordering is Here!

Thank you for your participation in our first two pilots.  Your effort, time
spent, feedback, and interest in the program has been very helpful in
improving it.  Thank you, too, for your patience through this new process.

We are excited to announce the beginning of Internet Service Ordering today,
Wednesday, January 10.  Many of our vendors are ready to begin providing
service to you today, while all vendors will be ready by late February.   The
ClickAtHome Internet Service Providers whom are currently available for
internet service are
Time-Warner in Houston, (cable modem)
Kingwood Cable, (cable modem)
AT&T in Portland.  (cable modem)

MSN will be available in late February, providing both dial-up and DSL
service.  We will provide further communication as soon as MSN orders can be
placed. We appreciate your patience in advance.

To pre-qualify and sign up for service in your area today with Time Warner,
Kingwood or AT&T- Portland, refer to http://clickathomepilot.enron.com for
specific provider information and instructions on how to place your order.
If you have problems launching the site, please copy and paste
http://clickathomepilot.enron.com directly into Internet Explorer.

The ClickAtHome Team is excited to bring you the final stage of the program.
Again, we thank you for your patience.  We encourage you and your family to
use and personalize your new portal, which can be found at
www.clickathome.net.  And we encourage you to get connected, and Get
Innovative at Home!

ClickAtHome Team


What time is call and what is #?

	From:  Rebecca W Cantrell @ ECT                           12/12/2000 06:45 PM

To: Steve Montovano/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron
cc:

Subject: Gas Issues paper

For discussion during the conference call tomorrow, attached is a revision of
Leslie's paper with an attachment illustrating the type of tariff information
we are capturing for the interstates.  If you think we need to capture any
additional information, please advise.

---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 12/12/2000
06:37 PM ---------------------------
From: Leslie Lawner@ENRON on 12/12/2000 02:06 PM
To: Rebecca W Cantrell/HOU/ECT@ECT
cc:
Subject: Gas Issues paper

----- Forwarded by Leslie Lawner/NA/Enron on 12/12/2000 02:05 PM -----

	Leslie Lawner
	12/12/2000 02:05 PM

		 To: Steve Montovano/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Gas Issues paper

Here is a working draft of the gas issues/diversion/penalties, etc. paper.
Becky is working on the interstate pipeline tariffs and we will insert them,
and Jeff Hidge will be sending something out about ENA legal issues, which I
will add in.  I am also going to work on this tonite, to make the individual
LDC diucssions follow a common template.  However, I wanted you to have
something to look at before the meeting tomorrow morning.  I still have a
couple of LDCs to add.  Thanks.


This is the last week for Trades


Diane,

I am also missing two deals from the same time.  One goes with deal # NA0713.5
for delivery to Transco Z6, the term is Mar'00-Feb'01 for various volumes and
prices, CES buying (Mar'00 vol. - 11,137@0.5250).

The second goes with deal # NA1137.2 for delivery to Columbia Gulf Mainline,
the term is Mar'01-Apr'01:
Mar'01   26,671@0.0375
Apr'01    13,166@0.0300

Please check on these confirms and refax them to me @ 703-561-7317.

Thanks for your help,

Brian
703-561-6486

Chris.Germany@enron.com on 05/12/2000 03:46:59 PM

To: Kimat.Singla@enron.com
cc: Elizabeth.L.Hernandez@enron.com, Dianne.J.Swiber@enron.com, Brian
Perrone/CES/ColumbiaGas@COLUMBIAGAS, Charles
Dalphon/CES/ColumbiaGas@COLUMBIAGAS

Subject: CES Confirms

I changed the Oct 2000 volume on deal 203062 (tagg NA1167.8) from 95244 dth to
95246 dth.

Please make the following change:
Deal 203030 (NA1137.4)  change the volume for April from 50,857 dth to 13,527
dth, and change the volume for May from 17,866 dth to 4,752 dth.

Please verify the following info;
The confirm for deal 169036 (NA0713.1) shows a price of $2.295 + $.6800,
according to CES this should be a price of $2.795 + $.6800.  Please verify
which
price is correct.

The confirm for deal 168997 (NA0713.4) shows a basis price of $.455 for April
and CES is showing $.175.  Please verify which price is correct.


things are going well.  i still haven't gotten your graduation invite.
unless i'm not invited anymore ....

Danielle Samson <DanielleS@JonesGranger.com> on 04/17/2000 04:51:44 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject:

Hello there?
Just wanted to say hi and see how everything is going?  I hope all is well!

Dee


This works for my schedule.  I will likely attend the subpoena meeting.

	Richard B Sanders@ECT
	Sent by: Twanda Sweet@ECT
	09/29/2000 05:31 PM

		 To: Tim Belden/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Christian
Yoder/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, gfergus@brobeck.com,
seabron.adamson@frontier-economics.com, dwatkiss@bracepatt.com
		 cc: Mark E Haedicke/HOU/ECT@ECT, Jan M King/HOU/ECT@ECT, Richard
Shapiro/HOU/EES@EES
		 Subject: Confirmation October 3-4 Meeting

This email will confirm the meeting in Portland for October 3rd and 4th.  I
would like to start the meeting at 11:00 a.m.  Please let me know immediately
if this presents a problem with your schedule.  Christian Yoder, Mary Hain,
Gary Fergus, and I will be meeting at 9:00 a.m. on Tuesday, October 3rd to
discuss our response to the CPUC subpoena.  Please let me know if you would
like to attend this meeting.  Finally, I have asked everyone to schedule a
day and a half for this meeting.  Although we may be finished on Tuesday, I
thought it was prudent to leave Wednesday open for further discussion.

Please feel free to call me at (713) 853-5587 if you have any questions.  The
contact in Enron's Portland office is Jan King.  Jan's number is (504)
464-8814.

Thanks.
Richard Sanders


This will get me brownie points, right?

Robin


Jay --

I wanted to talk with first thing on Friday about our decision to weigh in
with testimony in this case.  Forgetting the question Legal may or may not
have (let's assume they don't have any concerns) about Scott testifying, it
is still my opinion that we should not file testimony.

First, I assume that you have already marked your book to the Lynch
"thoughts" on rate design and revenue allocation included in the initial
Order.   I make this assumption, because the loss to EES has already occurred
and our goal now is to try and bring back some of the value by (a) focusing
on revenue sharing and (b) rate design.  Scott indicates that the loss could
be $100MM with bad outcomes on the 2 key issues.  My purpose of EES' activity
is to try and minimize that number.  I feel that a quiet but forceful role in
the case is the best vehicle given our recent troubles in CA and before the
CPUC.

Second, I am not sure that Govt Affairs is comfortable with Scott's model of
rate design.  While tiering of rates is on the table, the question of demand
reduction payback under his framework could result in customers using 70% of
their load and paying nothing.  That hardly makes sense.  Now maybe we just
don't understand, but putting in testimony that is unclear or confusing isn't
going to win the day before the CPUC.

Third, most of our victory will come from aligning with the big users.  If we
are supporting / defending our own testimony (which they haven't seen), I
think that our ability to work through a Settlement will be limited.  Our
goal is to "pick and choose" from the best solutions proposed while trying to
highlight other options through cross-examination (granted, this may be very
hard).

Fourth, someone may try to get EES to weigh in on the allocation of these
costs to DA customers.  We have agreed not to take on that issue.  Scott
doesn't get to use the Fifth Amendment to not answer.

Scott and his team is preparing testimony.  Give me a call.  If Scott and you
are intent on moving forward, we'll do as you see fit within the other
constraints.

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 04/12/2001
11:12 PM ---------------------------
From: Leslie Lawner on 04/12/2001 05:58 PM
To: Richard Shapiro/NA/Enron@Enron, Mike D Smith/HOU/EES@EES
cc: Scott Stoness/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Tamara Johnson/HOU/EES@EES, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff
Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON

Subject: pros and cons

Here is the list of pros and cons for Scott Stoness filing testimony in the
CPUC rate design case (testimony due tomorrow, hearing set to begin next
Monday).  We have a call into Mike Smith to get legal's view.

Pros of filing testimony:

Getting out on the table a demand reduction program and a market-based
pricing mechanism

Favorable "strawman" proposal can move direction of CPUC decision in our favor

Insurance policy in case no one files a proposal we like

Can be withdrawn before hearing if we have other proposals we can support

Could give us leverage to participate in settlement negotiations

Easier to make case through direct testimony than on cross exam.

Cons of filing testimony:

We get in a position of having to defend our position and loose ability to
throw support behind other positive proposals (alone or in combination)

We open ourselves to cross examlination and discovery  (Scott Stoness will be
supporting witness and could have information we would not want revealed).

Enron is not very popular these days and filing/testimony could fuel more
negative press

Additional Enron resources will be used (Scott's time, Tamara's time)

Market dysfunction may help ENA's position

Scott Stoness estimates that there is a $50 million risk if dollars are not
apportioned properly to each rate class, but this is an issue that a number
of parties will likely be addressing in their testimony.  He estimates that
there is an additional $50 million at risk if CPUC's seasonal rate design is
adopted as opposed to his two-part real time pricing proposal.  $100 million
potential loss if Lynch proposal does not solve the problem for the winter of
2001-2002 and anothe rate increase is needed in November.


July 30, 2001

Kevin Hyatt, Greetings from eSource:

Pursuant to your request for gas production reports for the Rocky Mountain/San Juan/Four Corners region, and the effects of the San Juan tax credit expiration.  The Energy Information Administration reported in 1994 that production should continue its upward trend even though the section 29 tax credit expired.  I have attached the Inside FERC article that speaks to the EIA's postion.  The EIA did not report forecasted data by state or region, but did provide a graph of the projected production data.  Please see the results of our research below.  Should you have any further questions, or additional tasking, please do not hesitate to contact us.

Thank you for using eSource <http://esource.enron.com/>.  We look forward to assisting you in the future.

Regards,
Cynthia Boseman-Harris
eSource Researcher
713-853-6531


Yo!
Yes, I believe your typical campells will have little mushroom pieces in it.  And kmart would be a good place to buy a pyrex dish (glass baking)....of course you could borrow any supplies from me any time.  Are you cooking up some grub for a lil lady???
I heard you all had a great time.  Saw the pic of you that john said you "woke up" for at the brewery.  Maybe we all can get together for a brew before john and i are off for alaska on sunday.  we will be gone for a week and a half.  Maybe friday after work.
Let me know if you have any other cooking q's.
Mo

 -----Original Message-----
From: 	"Robert A. Parry, M.S., DABMP" <rparry@bcm.tmc.edu>@ENRON [mailto:IMCEANOTES-+22Robert+20A+2E+20Parry+2C+20M+2ES+2E+2C+20DABMP+22+20+3Crparry+40bcm+2Etmc+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Monday, June 04, 2001 11:32 AM
To:	Sanchez, Monique
Subject:	Random questions

Hey Momar.  Did you have a peaceful  week?  We had a blast.  I've got a couple of Q's for ya.  Does  cream of mushroom soup have actual mushroom pieces in it?  And where would  be a good place to buy a glass baking/casserole dish?

Thanks,
Robbie


Mary:
?
Attached is a copy of the data request for FERC's Bulk Power  Investigation.?
Please consider this e-mail as our official data  request.
?
As far as the deadline, we'd like to have the information as soon as
possible but we realize that doesn't give you much time.? As I mentioned,
some of the information probably won't require much effort, but we are
asking  for?specifics on generators which may take longer.? Just do the best
you can.? Also, if you find that you have the information in a different
format from the way we've requested it, that will probably be fine for our
purposes.
?
Please feel free to call if you have any  questions.
?
Thanks.
?
Michelle Veloso
202/208-2008
 - generators&marketers.wpd


Tanya:  Would you please prepare a credit worksheet for Chase.  Thanks.  Sara

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


Hi, Sooz!  How are you feeling?  Is the tree still in one piece?

Went to the doc this a.m. and he says my lungs sound clear.  I'm to continue
using an expectorant for 10 more days and get an x-ray Wed.  He's ok'd my
trip to Calif, but no skiing.  We had already decided that.  Probably keep
our reservation at River Ranch and least for a couple of nights though.  So,
if all continues to go well, I'll leave on the 8th.

I don't know for sure if Mother has a whirlpool but there's something in the
back of my mind that thinks she does.  I haven't been thinking much about her
except I know she wants some tights--queensize.  Have been concentrating on
you and K, J, & G. and am doing pretty well.  I figure if I get everything
bought for all of you, then when I come back, I'll have plenty of time to
worry about her.

love, mum


what do you think about this idea?
---------------------- Forwarded by Karen Denne/Corp/Enron on 06/07/2001
02:04 PM ---------------------------

Sandra Yamane <SYamane@marathon-com.com> on 06/07/2001 01:56:57 PM
To: "'Karen.Denne@enron.com'" <Karen.Denne@enron.com>
cc:

Subject: RE: AReM Media Alert

Are you interested in alerting the CEO's with whom Ken Lay met last month or
sending a letter to the group of 120 CEO's regarding the PUC meeting and
asking that they write a letter in support of direct access?

-----Original Message-----
From: Karen.Denne@enron.com [mailto:Karen.Denne@enron.com]
Sent: Thursday, June 07, 2001 11:13 AM
To: jkradin@marathon-com.com; syamane@marathon-com.com;
rlichtenstein@marathon-com.com
Subject: AReM Media Alert

fyi...
---------------------- Forwarded by Karen Denne/Corp/Enron on 06/07/2001
01:12 PM ---------------------------

Susan J Mara
06/07/2001 01:08 PM

To:   Karen Denne/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron
cc:

Subject:  AReM Media Alert

I helped make this more agressive.  The first draft I saw just said take
note that the CPUC is considering doing this.

We know that Kate Berry of OCo Register is doing a story. She called Jeff
on it.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 06/07/2001 11:06 AM -----

                    "Manuel, Erica"

                    <Erica.Manuel@ed        To:     "Allen, Stevan"
<stevan.allen@edelman.com>, arm@phaser.com,
                    elman.com>              "brbarkovich@earthlink.net"
<bbarkovich@earthlink.net'>,
                                            cra@calretailers.com, Delaney
Hunter <dhunter@s-k-w.com>,
                    06/07/2001 11:00        dennis.flatt@kp.org, DJ Smith
<djsmith@s-k-w.com>,
                    AM                      Dominic.DiMare@calchamber.com,
drothrock@cmta.net, "Fairchild, Tracy"
                                            <tracy.fairchild@edelman.com>,
gdoar@newpower.com,
                                            gharrison@calstate.edu,
hgovenar@govadv.com,
                                            jackson_gualco@gualcogroup.com,
"jerryl@abag.ca.gov" <jerryl@abag.ca>,
                                            .gov@mailman.enron.com,
johnlatimer@capitoladvocacy.com, Ken Smith
                                            <ken@kdscommunications.com>,
ken_pietrelli@ocli.com, kgough@calpine.com,
                                            kmccrea@sablaw.com,
kmills@cfbf.com, lhastings@cagrocers.com, "Manuel,
                                            Erica"
<Erica.Manuel@edelman.com>, mday@gmssr.com, Megan Beiser
                                            <megan.beiser@edelman.com>,
mmoretti@calhealth.org,
                                            nplotkin@tfglobby.com,
randy_britt@robinsonsmay.com,
                                            richard.seguin@kp.org,
RochmanM@spurr.org, rrichter@calhealth.org,
                                            sgovenar@govadv.com,
smccubbi@enron.com, spahnn@hnks.com,
                                            sschleimer@calpine.com,
theo@ppallc.com, vincent.stewart@ucop.edu,
                                            vjw@ceert.org, "Warner, Jami"
<jami.warner@edelman.com>,
                                            wbooth@booth-law.com,
wbrown@lhom.com, wlarson@calstate.edu
                                            cc:

                                            Subject:     AReM Media Alert

Hello DAC,

FYI, the attached media alert went out to California media yesterday
afternoon to notify reporters that the direct access issue is listed on the
PUC agenda for the June 14 hearing.

Erica Manuel
Edelman Worldwide / Sacramento
916/442-2331 phone
916/447-8509 fax
erica.manuel@edelman.com

 <<6-6MediaAlertCPUCFINAL.doc>>

(See attached file: 6-6MediaAlertCPUCFINAL.doc)


between 1030 an 11 would be the best time to install the monitor.


Congrats!  I sent this on to the lawyer for Global Finance (TurboPark team),
also, as part of SOP.

ckm
---------------------- Forwarded by Kay Mann/Corp/Enron on 05/29/2001 08:11
AM ---------------------------
From: Herman Manis/ENRON@enronXgate on 05/29/2001 07:59 AM
To: Greg Krause/ENRON@enronXgate
cc: Kay Mann/Corp/Enron@Enron

Subject: RE: Proposed letter to FPL for further project development work for
a project in florida

Fits the bill.

 -----Original Message-----
From:  Krause, Greg
Sent: Friday, May 25, 2001 1:06 PM
To: Manis, Herman
Cc: Mann, Kay
Subject: Proposed letter to FPL for further project development work for a
project in florida

Herman,

please see attached for your comments and approval.  Does this fit the bill?

 << File: FPL Construction Letter Agreement - Midway Phase 1-a.doc >>


All responses to Ken Lay should be sent to kenneth.lay@enron.com

Roger:

I appreciate the brief e-mail concerning The Continental article.  It turned
out to be a nice article.

I have been in and out of London in recent weeks but not there for any
extended stay.  I believe my next extended stay in London will be this Fall.
I will attempt to come by and check your products out.

My very best to you.

Ken

"Haynes, Roger" <rhaynes@PoloRalphLauren.com> on 04/25/2001 10:17:41 AM
To: "'klay@enron.com'" <klay@enron.com>
cc:
Subject: C DNEM ROZDENIA !

Privet! Kenneth

I have just finished reading the article in Continental ,hence the Russian
greeting .

You look in good health , or is it the skills of the make-up artist ,the
former I hope .

Will you be making a stop in England ?.

Do skoroi vstrechi .

Roger


----- Forwarded by Gerald Nemec/HOU/ECT on 11/15/2000 09:35 AM -----

	Michael Eiben
	11/07/2000 05:10 PM

		 To: Howard B Camp/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Edward D
Gottlob/HOU/ECT@ECT, Lauri A Allen/HOU/ECT@ECT, James McKay/HOU/ECT@ECT, Gary
A Hanks/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Brian Redmond/HOU/ECT@ECT,
Romeo D'Souza/HOU/ECT@ECT, Jeff Johnson/Corp/Enron@Enron, Dave
Nommensen/HOU/ECT@ECT, Tommy J Yanowski/HOU/ECT@ECT, Mary M
Smith/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, Steve HPL Schneider/HOU/ECT@ECT,
Gerald Nemec/HOU/ECT@ECT
		 cc: Heather Choate/HOU/ECT@ECT, Michael Eiben/HOU/ECT@ECT, Laura
Harder/Corp/Enron@Enron, Esther Buckley/HOU/ECT@ECT
		 Subject: Project HIWAY Demo

We have scheduled a Project HIWAY demo for Tuesday, November 14, starting
with lunch at 11:30.  The demo will be held in room 49C3.  At this time we
will bring everyone up to date regarding the web site project of allowing
shippers and operators of HPL the ability to access their respective contract
and meter  information in a secured internet environment.  We will also
discuss plans to allow shipper nominations and operator confirmations over
the net.

If you have any questions, please call.

mve  x36373


some people are dumb asses

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 08/24/2000 07:29:26 AM
To: "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
cc:
Subject: RE: Engram

Whatever, do you think I have any control over Ramiro?

If you do, you are wrong.  He really does not want to trade maybe that is
his way of telling you.

Jason Bass
TSE
Compaq Computer Corporation

 -----Original Message-----
From:  Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Thursday, August 24, 2000 7:28 AM
To: Bass, Jason
Subject: RE: Engram

engram is ramiro's 4th receiver, you don't get a starting rb (the 10th best
i might add) for a backup WR.

the reason i want engram so bad is b/c i have his qb and i think he will
have a pretty good year.

by the way engram was picked the 8th round, dillon in the 2nd.

so don't give me any of that

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 08/24/2000 07:08:34 AM

To:   "'Eric Bass'" <Eric.Bass@enron.com>
cc:
Subject:  RE: Engram

Ramiro believes Engram is going to have a very good year.  He needs a
Running Back.  I don't think he is being ridiculous.  Engram may be ranked
30th now, but you obviously believe he is a little better than that or you
wouldn't want him so bad.

Jason Bass
TSE
Compaq Computer Corporation

 -----Original Message-----
From:     Eric Bass [mailto:Eric.Bass@enron.com]
Sent:     Thursday, August 24, 2000 7:03 AM
To:  Bass, Jason
Subject:  Re: Engram

your boy is being ridiculous - does he really think he will get the 10th
best rb
for the 30th receiver?
---------------------- Forwarded by Eric Bass/HOU/ECT on 08/24/2000 07:01
AM
---------------------------

LQCOLOMBO@aol.com on 08/23/2000 06:12:52 PM

To:   Eric.Bass@enron.com
cc:
Subject:  Re: Engram

In a message dated 8/23/00 7:23:30 AM Pacific Daylight Time,
Eric.Bass@enron.com writes:

<< What Do you want for Engram? >>

At the very least, Corey Dillon


---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/17/2000 05:00
PM ---------------------------

"JERUSSALMY, ALEXANDRE" <AJERUSSALMY@bkb.com> on 04/17/2000 11:35:02 AM
To: undisclosed-recipients:;
cc:
Subject: Brazil Trends - April 2000

Please find attached the latest version of BankBoston's Brazil Trends (in
English and in Portuguese).

Our best regards.

>  <<cleani.doc>>  <<cleanp.doc>>
>  English  Portuguese

 - cleani.doc
 - cleanp.doc


Rick,

We are using  SAS.

I am glad you can speak at our lunch meeting
on Feb 15.

Vince

Richard B Jones@EES
02/05/2001 11:26 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Statistica & Lunch

Vince,

 Do we have a site license for STATISTICA? What stat software do you use?

 I am prepared to talk at your lunch. I think we said Thurs Feb 15th 11:30 -
1:00. I would liie to have a computer display if possible. I'll bring my PC.
What's the room # again?

Rick Jones


Waxman Seeks Justice Inquiry of Rove
The Washington Post, 07/18/01
Business World: How To Execute 10%, Nicely
The Wall Street Journal, 07/18/01

RUSSIA: INTERVIEW-Russian Tyumen Oil says foreign ties to grow.
Reuters English News Service, 07/18/01

COMMODITIES & AGRICULTURE - Enron Metals to pay fine to LME.
Financial Times, 07/18/01

City - Exchange fines Enron metals group #190,000.
The Daily Telegraph, 07/18/01

Exxon Mobil, U.A.E. Min Discuss Dolphin Gas Proj - Report
Dow Jones Energy Service, 07/18/01

Bush switch on conservation saves credibility
Chicago Tribune, 07/18/01
COMPANIES & FINANCE INTERNATIONAL - Energy trading unit fuels 27% leap in
Duke earnings.
Financial Times, 07/18/01
Letters to the Editor: India, Pakistan and the U.S.
The Wall Street Journal, 07/18/01
Business: Briefs - London Exchange fines Enron $264,000
Houston Chronicle, 07/18/01

A Section
Waxman Seeks Justice Inquiry of Rove

07/18/2001
The Washington Post
FINAL
A27
Copyright 2001, The Washington Post Co. All Rights Reserved

Rep. Henry A. Waxman (D-Calif.) called yesterday for a Justice Department
review of White House senior advisor Karl Rove's repeated discussions with
executives and representatives of companies in which he held stock.
In a letter to White House counsel Alberto R. Gonzales, Waxman said Rove
appeared to be in violation of federal conflict-of-interest laws.
Gonzales has said he was satisfied that Rove "took care to avoid" any
impropriety in meeting in March with Intel Corp. executives, and in
participating in broad discussions about administration energy policy while
owning more than $100,000 worth of Intel Corp. stock and more than $200,000
worth of stock in Enron Corp., General Electric Co. and other energy
companies. On June 7, Rove sold more than $1 million in stock in companies
doing business with the government.
Waxman, ranking Democrat on the House Government Reform Committee, said
federal law requires executive branch departments and agencies, including the
White House, to report "any information, allegation or complaint" involving
potential criminal conduct by an employee to the Justice Department. He said
he was not aware of any reason Rove should be exempt from such outside
investigation.
White House spokesman Dan Bartlett said Waxman's letter is under review, but
added, "We are confident that Karl followed all ethical guidelines and
statutes in his role as senior adviser to the president."
-- George Lardner Jr.

http://www.washingtonpost.com
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Business World: How To Execute 10%, Nicely
By Holman W. Jenkins Jr.

07/18/2001
The Wall Street Journal
A19
(Copyright (c) 2001, Dow Jones & Company, Inc.)

How come Ford adopts the same white-collar performance review system as
General Electric but gets vilified for it, hounded by discrimination lawyers
and AARP? Last week, less than a year after launching it, CEO Jacques Nasser
was moved to dump a brand new executive grading system designed to weed out
the least capable 10% of Ford's managers.
The short answer is that Ford isn't GE, though Jack Welch has been a model
for what Mr. Nasser seeks to accomplish at the auto company.
Bringing such a Torquemada system into a firm that faces slowing sales and
whose own boss considers his colleagues notoriously flabby and easy on
themselves meant it was a downsizing scheme from the start, whether
advertised that way or not. GE didn't introduce its version until a decade
after the Neutron Jack phase. But never mind. Trumpeting a win last week,
AARP declared its victory goes way beyond Ford. It sure does.
Forced ranking has waxed and waned as a fad over the decades, and most
students of management hold their noses around it. Its resurgence, at a time
when many employers are contemplating their first layoffs in years, can only
mean that companies are nervous about preserving their freedom to hire and
fire in a world run increasingly by the job-discrimination bar.
Ask any non-deluded European. What makes the U.S. economy relatively nimble
is that companies are not afraid to take on workers because they know they
can always get rid of them later. Harsh as this sounds, it's why we have a
lush job market compared to the employment Saharas of the Old World.
Yet firing in America has been a work in progress. Half a decade ago,
enlightened companies tried employee buyouts, but the lawyers descended,
forcing companies to offer the buyouts indiscriminately. Result: Highly
marketable workers took the windfall and immediately found other jobs, while
people who considered themselves unemployable skipped the loot and clung to
their cubicles.
Other companies, on the theory that it was OK to tell people they had to go
because their functions or departments were being discontinued, bravely
downsized the old-fashioned way. But this was no proof against lawsuits.
Remember Texaco, Coca-Cola and others where the very existence of
affirmative-action programs became fodder for litigation by both minorities
and older white employees?
Searching for a way out of the legal maze, Ford tried two years ago to
combine forced ranking with buyouts, aiming offers exclusively at low-ranked
employees. Result: grumbling in the hallways of "rewarding failure" and good
employees angling for low grades so they could become eligible for a golden
parachute. Finally, starting this year, Ford opted for an out-and-out forced
ranking system, which would have given 10% of white-collar employees annually
a "C" grade that meant either shape up or you're gone next year.
Microsoft, Lucent, Conoco, Enron and EDS all have used forced ranking to
maintain or improve the quality of their work forces. While many find the
idea distasteful or complain it substitutes a yearly spasm for what should be
a continuous process, at least it solves a real problem. Survey after survey
finds that even the happiest worker-bees gripe about their employer's
reluctance to get strict with poor performers. A recent McKinsey poll of
managers at big companies found that only 16% said their employer could even
recognize the difference between stars and slackers.
But Ford was already in the soup over the Explorer/Firestone fiasco. It
didn't stand a chance when the Detroit papers opened a new front over its
A-B-C grading system for 18,000 managers. Accentuating the coverage was a
simmering quest to discover any sort of rift between Mr. Nasser and his
chairman, Bill Ford, great-grandson of the founder.
Mr. Ford has somehow been anointed keeper of the company's conscience because
of blood chemistry or something. Inevitably, he wants to be liked and wants
the company to be liked. Putting a Ford in the chairmanship was probably the
worst thing the company could have done at a time when Mr. Nasser was clearly
set on giving the place a kick in the pants.
In the ranking controversy, Mr. Ford soon was reported to be "concerned about
the system's impact on morale." Notice how this differs from "the system is
an urgent necessity so Ford can become a better company." With this kind of
support, management quickly wilted in the face of pressure from the old-folks
lobby (which has appointed itself guardian of anybody over 45) and other
victim contingents.
Mr. Nasser didn't help himself by appearing in a Ford diversity video
haranguing an audience for containing "too many white faces" or by installing
rewards for executives who meet minority hiring goals. Presto, lawsuits
galore. The ones Ford will have the most trouble with are those filed by
white males claiming they were victims of age discrimination in order to make
way for blacks and women.
One of the ironies, as Ford shows, is that companies these days have reasons
of their own for recruiting minorities and women. Were the supposedly
archaic, 19th-century principle of freedom of contract still in effect --
i.e., employers are free to hire and fire at will -- there would be a lot
more affirmative action, a lot more honestly pursued.
GE may not exactly be the rainbow coalition, but it does have a lesson for
Ford. Under its version of forced rankings, 10% of managers are assigned to a
bottom grade each year, which means they're cut off from the rich booty GE
awards the top 20% and the job security of the workaday 70%. If low-ranked
managers don't improve, they are asked to move on.
A big difference, though, is that the process is not concentrated in a
single, highly neuroticized annual ritual. GE carries on with much year-round
mentoring and bellowing and measuring, so nobody has cause to be surprised by
the score he gets. In fact, anyone who went to work there in the past 15
years would have known exactly what he was getting into.
Here's the lesson: Nobody doubts that GE's hiring and firing, whatever the
color or gender of the fodder, is all about business. It takes time to build
a reputation for heartlessly focusing on the bottom line, but once you do, it
can be liberating.

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

RUSSIA: INTERVIEW-Russian Tyumen Oil says foreign ties to grow.
By Sujata Rao

07/18/2001
Reuters English News Service
(C) Reuters Limited 2001.

MOSCOW, July 17 (Reuters) - Russia's Tyumen Oil Company said on Wednesday it
planned huge expansion of its upstream and downstream profile through
ventures with foreign oil majors. Company President Simon Kukes told Reuters
in an interview that Tyumen - Russia's fourth-largest oil producer with
output of 800,000 barrels per day (bpd) - would also seek a New York Stock
Exchange listing in 2002 after market conditions improved.
"We aim to be a multi-national company and the first step is in Ukraine,
where we will within a year be the number one retailer of oil products," he
said.
Kukes said Tyumen was also interested in Eastern Europe and in talks on
projects that a included a stake in Lithuania's Mazeikiu refinery , but he
declined to elaborate.
"Eastern Europe has logistical advantages for Russian firms. We can bring in
oil easily and get a significant market share. I also see a role for us in
China, India and the Middle East." He said Tyumen, controlled by Russia's
Alfa conglomerate, saw foreign oil majors' involvement as a key to its
growth.
"We would welcome a strategic partner to take a stake in the firm and, in
fact, we are now in talks with several foreign partners, including Texaco ,"
Kukes said.
He added earlier talks with Phillips had had no result.
Tyumen is involved in the $11 billion Kovykta project with BP and several
Russian firms to produce and ship gas to China, as well as in Transneft's
Adria pipeline project to link outlets for Russian crude in north and south
Europe.
In August Tyumen will take a key downstream step.
With Texaco in Moscow it will open Russia's first Star Mart convenience store
in a partnership expanding its 800-strong filling network by combining them
with the U.S. Star Mart brand.
Earlier this year the firms inked a deal to jointly produce lubricants at
Tyumen's LINOS refinery in Ukraine. Kukes said total investments in 2001 are
planned at $800 million, with another $1 billion earmarked for each of the
coming years.
Tyumen also got a boost by being rated the World's Best Oil Company in 2000
by Financial Times Energy for "phenomenal growth in the past year, breaking
into the world's top 15 oil firms."
"By year end, we could jump from fourth to third place among Russian oil
producers," said the U.S.-educated Kukes, who is part of Tyumen's efforts to
boost its profile internationally.
VERTICALLY INTEGRATED
Tyumen is now eyeing natural gas, angling to up its Kovykta stake and in
Rospan, with 600 billion cubic metres in reserves.
Kukes sees gas as part of a strategy to develop Tyumen on the lines of Enron
- producing crude, gas and power.
"Gas is an essential component of a vertically-integrated oil company and in
the way we see ourselves in future," Kukes said. "We aim that in five years,
10-15 percent of our revenues will come from gas and condensate."
But aggressive expansion has brought Tyumen into conflict with competitors.
It has locked horns with arch-rival Interros to wrest control over a stake in
Kovykta, and its role in oil firm Sidanco - where BP owns 10 percent - has
been criticised.
"We'd like to get at least 25 percent in Kovykta," Kukes said, noting Tyumen
was keen for BP, which has a 31 percent stake, to remain project leader.
Tyumen also angered influential gas trader Itera by trying to obtain control
over its bankrupt gas producer, Rospan.
"Rospan is a profitable firm but for some reason was losing money," Kukes
said, adding Tyumen would turn the company around.

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

COMMODITIES & AGRICULTURE - Enron Metals to pay fine to LME.
By ADRIENNE ROBERTS.

07/18/2001
Financial Times
(c) 2001 Financial Times Limited . All Rights Reserved

Enron Metals Limited - formerly MG - has agreed to pay a #190,000 fine to the
London Metal Exchange after EML's systems and procedures for ensuring
compliance with the exchange's rules were found to be "seriously inadequate".
With the exception of hefty fines imposed after the Sumitomo copper scandal,
this is the largest sum an LME member has yet paid. Fines for procedural
shortcomings over the past four years have been between #20,000 and #90,000.
EML is charged with "persistently" failing to ensure warrants needed to
settle exchange contracts reached the London Clearing House by the required
time. This happened between August 1999 and February this year.
The LME said EML's actions had jeopardised confidence in the exchange's
delivery mechanism, a key aspect of its business.
The exchange also found that between May 2000 and February 2001 EML
repeatedly failed to enter trades into the exchange's matching system
correctly.
In both cases "EML frequently provided explanations that were either
inadequate to explain the particular incident, or inadequate to explain the
persistence of that type of incident", said the LME.
Enron Metals, formed after Enron's purchase of UK metals trader MG last June,
said the disciplinary charges related to "operating procedures during a
period prior to, and the first months immediately following, Enron's
acquisition of MG".
The company added that Enron had now "implemented a series of measures to
tighten up existing procedures and ensure that the operating systems meet
with Enron's high standards".
(c) Copyright Financial Times Ltd. All rights reserved.
http://www.ft.com.

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

City - Exchange fines Enron metals group #190,000.

07/18/2001
The Daily Telegraph
P35
(c) Telegraph Group Limited, London, 2001

THE London Metal Exchange (LME) has fined Enron Metals #190,000 for breaching
its compliance regulations.
The exchange said Enron Metals, a subsidiary of the American-owned energy
giant, failed to meet deadlines for delivering warrants needed to settle its
metals exchange contracts.
Warrants denote the ownership of LME-registered metal stored in warehouses.
The group also failed to input trades into the LME's system, the exchange
said.
Enron stated that the charges related to its recently-acquired MG metals
trading division before and immediately after the purchase. The group has
since "tightened up existing procedures", it said.

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

Exxon Mobil, U.A.E. Min Discuss Dolphin Gas Proj - Report

07/18/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

DUBAI -(Dow Jones)- Exxon Mobil Corp. (XOM) is interested in participating in
the $4 billion Dolphin Gas project, a plan between the UAE Offsets Group and
Qatar Petroleum to transport natural gas from Qatar to Abu Dhabi and Dubai,
the official Emirates News Agency, or WAM, reported Wednesday.
An Exxon Mobil official and the U.A.E.'s Foreign Minister, Sheikh Hamdan bin
Zayed al-Nahyan, discussed the issue Wednesday, WAM said.
The Dolphin project aims to transport two billion cubic feet a day of natural
gas from Qatar's offshore North Field to the U.A.E.
In May, Enron Corp. (ENE) sold its 24.5% stake in Dolphin back to Offsets,
freeing up its share for another potential strategic partner. Enron's role
would have been to focus on the midstream part of the project, or gas
transportation, which requires building a 350-kilometer pipeline from a
processing plant in Ras Laffan, Qatar, to the Taweelah terminal in Abu Dhabi
and Jebel Ali terminal in Dubai.
TotalFinaElf SA (TOT) is Offsets' other strategic partner, holding a 24.5%
stake in the project. The company will operate the upstream phase of the
project, which includes developing natural gas reserves in two blocks of the
North Field.
The first wells are scheduled to be drilled in the second half of 2001 and
come onstream in 2004.
Since Enron's withdrawal, Offsets has said it is talking to a handful of
international oil companies about potential participation.
Qatar Petroleum and Dolphin signed an initial agreement for the upstream
section of the project in March. A full production sharing agreement is due
to be signed in September.
In the short term, it is expected the gas will be supplied to Dolphin by
Mobil Oil Qatar's Enhanced Gas Utilization Project at the North Field.
-By Dyala Sabbagh; Dow Jones Newswires; 97150 6251228;
dyala.sabbagh@dowjones.com

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

Business
Bush switch on conservation saves credibility
David Greising

07/18/2001
Chicago Tribune
North Sports Final ; N
1
(Copyright 2001 by the Chicago Tribune)

Too bad we can't all be vice president. If we could, this whole "energy
crisis" thing would be no big deal.
We could send our heating bill to the Navy as Dick Cheney has. Who knows,
maybe we could fuel up our cars and let the Energy Department pay the bill.
Cheney is making quite a shift from the advice he offered to consumers just a
few weeks ago. "If you want to leave all the lights on in your house, you
can," he counseled. "There's no law against it. But you will pay for it."
Or, in Cheney's case, the Navy may pay for it. After all, it owns his house.
The Vice President decided to dun the Navy on the very day administration
officials spread out to promote conservation as a key part of President
Bush's energy plan.
My, how the scene has changed. In mid-May President Bush unveiled a
Cheney-authored energy plan that promoted drilling and nuking and mining but
overlooked conserving. That's when the vice president dismissed conservation
as a "personal virtue" but no energy policy.
The 170-page Bush policy did speak ominously of a growing "energy crisis."
At the time, gasoline seemed headed to $3 a gallon. Rolling blackouts
interrupted California's power. Winter natural gas prices had spiked.
Bush seemed confident he could push his energy policy through a House and
Senate dominated by Republicans.
Today, with gasoline prices down around $1.35 a gallon and the Senate under
Democratic control, Bush will have to give up on pet dreams like drilling for
liquid gold in Alaska's Arctic National Wildlife Refuge.
Conservation is all the talk--even from administration officials who can't
talk.
A laryngitis-stricken Cheney on Monday turned to wife Lynne to declare,
"Conservation is a must."
On Monday, the Energy Department declared that federal agencies since 1980
have cut their energy consumption in buildings by 30 percent.
So the world has completely changed, right?
Conservation now will become a centerpiece of the Bush energy policy. The
caribou and moose and grizzlies in Alaska can sleep easy knowing their
pristine habitat will be forever free and clear.
Isn't it obvious that President Bush's supporters at Enron and Texaco and
other oil giants should get into a more promising line of business?
And maybe the alternative-energy researchers at Argonne National Laboratory
can stop studying super-conductivity and new-age fuel cells. Energy Secretary
Spencer Abraham told them Monday that consumer conservation can cut the
energy deficit by 60 percent over the next 20 years.
Perhaps it's time to turn that big super-conducting super collider into the
world's largest Roller Derby track.
Well, maybe not.
The easing of the trumped up "energy crisis" is good news. And not just
because it won't cost nearly as much to drive to the Dells for summer
vacation.
It's good because it seems likely to bring some balance into whatever energy
policy ultimately emerges from Congress sometime later this year.
The Bush plan hasn't changed. There still are only a tiny $10 billion of
conservation measures--half of them already in place--in the gargantuan
energy program.
But the political and market realities have changed. Energy costs are down.
And conservation suddenly seems likely to get a fair hearing in Congress and
at the White House.
Perhaps most important, the free market has shown an ability to respond to a
so-called "crisis" in energy. This reduces the political pressure for a quick
and ill-advised political fix.
A sudden jump in electric-plant construction means supply should grow twice
as fast as demand over the next several years, according to the North
American Electric Reliability Council. More than 1,000 natural gas wells are
in production, double the number during early 2000.
Gas prices are lower than had been expected because OPEC has stopped cutting
production and oil giants jumped at the first sight of high prices, and
production is jumping.
We can't all turn to the Navy to bail us out of high energy prices. But in a
fix, the free market does nearly as well.
----------
Contact dgreising@tribune.com.

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

COMPANIES & FINANCE INTERNATIONAL - Energy trading unit fuels 27% leap in
Duke earnings.
By JULIE EARLE.

07/18/2001
Financial Times
(c) 2001 Financial Times Limited . All Rights Reserved

Duke Energy, the US energy company, yesterday posted a 27 per cent leap in
second quarter earnings, underpinned by strong growth at its North American
natural gas and electricity trading business.
Duke, a large utility owner in the US, said after the market closed that it
earned $419m, or 53 cents a share, compared with $329m, or 44 cents a share,
in the year-ago quarter.
Revenues for the quarter increased 43 per cent to $15.6bn, from $10.9bn a
year earlier.
The result met Wall Street estimates of 49 to 58 cents a share. The
Charlotte-based company is one of several in the US accused of manipulating
electricity prices in California, along with its competitors Reliant Energy,
Dynergy, Williams and Enron.
California's grid managers have accused wholesalers of overcharging the state
by more than $6bn since last May - allegations the companies have denied.
Last night, a Duke Energy spokesman said that California remained a small
piece of the company's whole.
He said the result was driven by strong growth in its North American energy
trading segment, which reported earnings before interest and tax of $251m, a
128 per cent increase on the year-ago quarter.
The unit's growth was fuelled by big expansion in its wholesale energy asset
portfolio, which now has more than 12,600MW of merchant power generation in
operation or under construction, compared with about 8,400MW net a year ago.
Duke also has a large electric utilities operation in California.
The company's shares closed 38 cents higher at $42.03 in New York.
(c) Copyright Financial Times Ltd. All rights reserved.
http://www.ft.com.

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

Letters to the Editor: India, Pakistan and the U.S.

07/18/2001
The Wall Street Journal
A19
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Mr. Varadarajan basically asks America to abandon its traditional link to
Pakistan in favor of India. He overlooks some critical facts. First, it is
unclear whether India even wants to be closer to the U.S. Throughout the Cold
War, India was uncomfortably close to the Soviet Union in diplomatic circles,
whereas Pakistan was a reliable U.S. ally; it was vitally important in
espionage efforts against the Soviets (Francis Gary Powers departed from
Pakistan in his ill-fated U-2 and the U.S. conducted major operations there
in the 1980s) and in offsetting pro-Soviet influence in the region.
Smearing Pakistan and it current military president with Islamic
fundamentalism is disingenuous, since the nation is practically secular when
compared to its neighbors in Iran and Afghanistan. Indeed the deposed
president's paeans to fundamentalism in response to domestic problems were
one impetus for the military takeover in the first place.
Despite talk of reform, India's economy is still generally hostile to foreign
investment. The most notable business project of the 1990s, Enron's massive
power facility in Dhabol, has been mired in bureaucracy and contract
reneging.
The question of Kashmir is a difficult one, but it is important to keep in
mind that India has imposed undemocratic rule on a heavily Islamic region.
Pakistan is still strategically important and is perhaps America's best
friend in central Asia. It would be laudable for America to have good ties
with India, but not at the expense of having to turn our back on an ally.
Christian Whiton
Graduate School of Management
University of California
Los Angeles

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

Business Briefs
Houston Chronicle
London exchange fines Enron $264,000
The London Metal Exchange said it fined Enron Corp. $264,000 for "seriously
inadequate" compliance with trading rules that threatened to undermine
confidence in the largest metals market.
Houston-based Enron violated exchange rules over an 18-month period through
late delivery of warrants, documents that confirm the completion of a metals
sale, the exchange said in a statement. Enron failed to rectify its
procedures despite repeated warnings, the exchange said.
Enron's failures to comply "were repeatedly brought to the attention" of the
company between last May and February of this year, exchange officials said.
Enron admitted rules breaches in a statement, but said the violations stemmed
from its acquisition last May of MG, the world's largest copper-trading
company, for $445 million, which expanded the natural gas and electricity
trader's metals business.


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FYI.

 -----Original Message-----
From: 	Misra, Narsimha
Sent:	Tuesday, October 23, 2001 3:10 PM
To:	Herndon, Rogers
Subject:	Curve Changes

Here are the significant (non market related) curve changes that have effected our P&L in the last week...and also a working issue related with curve management.

PJM East Hub:
   Summary : Hourly Scalars for East hub were changed, resulting in a ($2.3 million) loss.
   Reasons : Rob Benson had changed the West hub scalars a few months ago and those scalar changes never got transfered over to the East Hub curves. When the curve management function was moved from excel into the Enpower Curve Management system all the curves derived as a basis off West Hub curves started using the West Hub Scalars.

Entergy Back End:
  Summary : Yesterday, Entergy 05 and beyond curves moved down in the range of $0.50/MWh to $1.65/MWh resulting in a loss of approximately $2.3million (held back because Mike Carson is fixing the curves today)

NY Curves:
  Summary : The onpeak and offpeak curves for NY Zones A, G and J require a thorough clean up especially with regards to the issues that are stated below. The P&L is still to be determined because curves have not been changed.

On Peak
1.  J-G Spread is marked over G-A Spread starting in Year 2009.
2.  J-A Spread blows up year on year, starting in Year 2005.

Offpeak
1.  Zone-G is marked above Zone-J half of the time;  occuring mostly in Q1, Q4 and Aug.
2.  Zone-A is marked above Zone-J every July in 2003-2006.  With the exception of 2002, for the month of July, Zone-A is marginally marked below Zone-J.
3.  Zone-A is marked above Zone-G for every July from 2003 to 2018 and Dec 2003.
4.  Zone-A, for every year, MarApr is over MayJun by a significant amount.


Sara
On the offsite, Frank has a doctor's appt. that afternoon and asked that we
reschedule.  Should we have it in the morning of the 24th or reschedule our
23rd c credit seminar?  As for a list, I'm working on it.  Last week was a
blur with PG&E and Proctor & Gamble.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Sara Shackleton
	04/16/2001 10:21 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: Hedge Fund Meeting

Sure.  I think we should ask Paul R. if anyone else from credit is necessary
(London, perhaps?) and from legal, you, Brent and me.

Also, we need to refine the offsite now that we have a date set.  I will be
on vacation during the week of May 7 - 11.  Were you able to put a list
together?

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Carol St Clair
	04/16/2001 09:46 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Hedge Fund Meeting

Sara:
Do you want me to coordinate setting this up and if so, who should attend?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com