That's a lot of $.  Same camp as davies, lagrasta.  Milly is a seller.  I've never worked with her. What does hunter think?

Can we go to 150/150 with foster?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Let's process this request.  I think it's justified.
---------------------- Forwarded by Steven J Kean/HOU/EES on 04/18/2000 05:29
PM ---------------------------

Richard Shapiro
04/17/2000 09:33 AM
To: Sandra McCubbin/SFO/EES@EES
cc: Steven J Kean/HOU/EES@EES
Subject: Re: Contribution to Sacramento Women's Campaign Fund

Please call on Wednesday to discuss so we can bring to closure. Thanks.

Sandra McCubbin
04/11/2000 06:16 PM
To: Steven J Kean/HOU/EES@EES
cc: Richard Shapiro/HOU/EES@EES
Subject: Re: Contribution to Sacramento Women's Campaign Fund

I am in complete agreement with you..this was for a total of $150 and was
given at the request of a powerful woman senator, who is the sponsor of this
program..if it had been for more money I would have not have contributed, but
the 17 women members that were there are of importance to us.


> I usually don't forward these but this one is particularly frightening
to
>  me....
>
>  Don't go to the bathroom on October 28th. CIA intelligence reports
>  that a major plot is planned for that day. Anyone who takes a poop
>  on the 28th will be bitten on the ass by an alligator. Reports
>  indicate that organized groups of alligators are planning to rise
>  up into unsuspecting American's toilet bowls and bite them when
>  they are doing their dirty business.
>
>  I usually don't send emails like this, but I got this information
>  from a reliable source. It came from a friend of a friend whose
>  cousin is dating this girl whose brother knows this guy whose wife
>  knows this lady whose husband buys hotdogs from this guy who knows
>  a shoeshine guy who shines the shoes of a mailroom worker who has
>  a friend who's drug dealer sells drugs to another mailroom worker
>  who works in the CIA building. He apparently overheard two guys
>  talking in the bathroom about alligators and came to the
>  conclusion that we are going to be attacked. So it must be true.
>
>


I have gotten these documents from Tim, Val, and now you.  I have tried to
get in touch with Linda Lawrence and Kelly Hutley, no answer from either of
them.  I don't understand what I am looking at, and am not even really sure
what I am supposed to do with it, aside from giving it my blessing.

Until I get a response, I can't give my 'blessing'

C

Mary Hain
01/25/2001 01:08 PM
To: Cara Semperger
cc:
Subject: FERC and DOE 4th Quarter Reports

Did Tim already send you these documents for your review?  If he did, have
you been working with the Houston group on them or do you want to tell me
about any problems?
---------------------- Forwarded by Mary Hain/HOU/ECT on 01/25/2001 01:17 PM
---------------------------

Linda L Lawrence@ENRON
01/23/2001 03:17 PM
Sent by: Linda L Lawrence@ENRON
To: Mary Hain/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: FERC and DOE 4th Quarter Reports

For your review  are EPMI's fourth quarter reports for Canada and Mexico.

----- Forwarded by Linda L Lawrence/NA/Enron on 01/23/2001 05:14 PM -----

	Joy Werner
	01/23/2001 03:43 PM

		 To: Linda L Lawrence/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT
		 cc: Thresa A Allen/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Kelley
Huntley/HOU/ECT@ECT
		 Subject: FERC and DOE 4th Quarter Reports

There was no Mexico activity for the Fourth Quarter of 2000.
Please let me know if you all have any questions or comments regarding any of
the reports.
Thank you
Joy


is this true?
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/16/2000
11:09 AM ---------------------------
From: Jennifer Fraser on 10/15/2000 04:56 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re: Sheila Chang

JS
This is a matter of principle. Sheila was an analyst in our group this past
summer. She clearly outperformed her peers. I  have attempted to have her
brought onto the AA radar screensince last May .  Several of my atttempts to
have her involved in the summer program were rebuffed. I think she should get
an offer on principle, since we extend them to all high-performing summer
analysts. Fred also agrees with me that she was a great asset. Dan Diamond
and the rest of the EOL people would also concur.  I have no doubt she will
sail through Super Saturday.

There are my thoughts on the matter.  I am happy to go along with your
suggestions. However, for the record, I think the AA program has long way to
go in its responsiveness and its ability to think outside the box.

JF

To: Jana Giovannini/HOU/ECT@ECT
cc: Jennifer Fraser/HOU/ECT@ECT
Subject: Re: Sheila Chang

I'd like to have a few people meet her, but am confident in Jennifer's
ability to evaluate analysts.

Jeff

	From:  Jana Giovannini                           10/11/2000 05:15 PM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc: Jennifer Fraser/HOU/ECT@ECT, Shelly Butler/HOU/ECT@ECT, Charlene
Jackson/Corp/Enron@ENRON, Shelly Jones/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT
Subject: Re: Sheila Chang

Jeff,
Please see the notes below regarding Sheila Chang who was a summer intern
brought in from the Rice Leadership Program.  Interns that came in through
this Rice program did not go through the normal campus interviews by the A/A
Program.  The A/A Program would recommend that Sheila go through a round of
Super Saturday interviews just like all other Analyst off-cycle candidates.
This would allow other top Enron people to review Sheila and evaluate her
skill level.

With that said, I believe that Jennifer thinks highly of this individual and
the A/A Program could forgo the interviews it you agree to take Sheila in
your group for the first rotation.  Please confirm that you would like Sheila
to be made an offer from the A/A Program and that you will accept her in one
of the EGM groups upon graduation.  Thanks so much and if you have any
questions, please let me know.

---------------------- Forwarded by Shelly Butler/HOU/ECT on 10/11/2000 03:46
PM ---------------------------
From: Jennifer Fraser on 10/11/2000 01:18 PM
To: Shelly Butler/HOU/ECT@ECT
cc: Ted C Bland/HOU/ECT@ECT
Subject: Re: Sheila Chang

Shelly and Shelly:
I believe that Sheila should receive an offer now. She was one of the most
exceptional summer analysts. Based on this, I think she should get an offer
just any other top intern would have received one.
Thanks
Jen

	From:  Shelly Butler                           10/11/2000 01:14 PM

To: Shelly Jones/HOU/ECT@ECT
cc: Jennifer Fraser/HOU/ECT@ECT
Subject: Sheila Chang

Shelly,

Below is the information on Sheila as was described in my email this
morning.  I understand she will have to go through the Super Saturday process
just as any other Analyst would.  Will you please advise Jennifer on the
process and when Sheila will be participating?  Thanks so much for assisting
Jennifer in this effort.

Jennifer,

Shelly Jones is the Recruiting Manager for the Analyst Program and is
managing the current Super Saturday process.  She can provide more
information on hiring processes.

Thank you,
Shelly
---------------------- Forwarded by Shelly Butler/HOU/ECT on 10/11/2000 01:14
PM ---------------------------

	From:  Jennifer Fraser                           10/11/2000 12:30 PM

To: Shelly Butler/HOU/ECT@ECT
cc: Ted C Bland/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT, Jeffrey A
Shankman/HOU/ECT@ECT
Subject: Sheila Chang

Shelly:
 Per our conversation this morning, I have attached Sheila Chang's resume.
Sheila was a summer analysts in the Middle Marketing group. She was part of
the Rice Leadership Program. I have served as Sheila's mentor in this
program, which seeks to provide business internships for non-business majors.
I believe that programs such as this and their candidates are essential to
Enron as they provide a pool of academically diverse, bright individuals who
can think outside the box.

Sheila managed our EnronOnline Top 200 Natural Gas Users Project. She was
instrumental in ensuring the success of this project. By the time Sheila
left, we had signed up over 70% of the top US industrial natural gas
consumers. Sheila is an exceptionally quick study, as evidenced by her rapid
grasp of key derivative concepts and structures. Every week Sheila priced the
swaps and options for our customer newsletters. She also priced and helped
develop several customized structures for our clients. Finally, Sheila
demonstrated and exceptional work ethic that combined with all her other
attributes places her among the top summer analysts at Enron. I believe
Sheila should receive a full-time job offer from the program. She graduates
in May 2001. I am also prepared to offer Sheila a rotation in my group in
Global Markets upon her graduation.

If you need any further information, please let me know.

Thank you for your assistance with this matter.

Jen Fraser


Given that Peace is likely going to try to push legislation to merge the ISO
and PX and other nasty things, likely makes sense to listen in on our message
development, tactics in addressing the LMP problem.  You think there'd be any
problem with that?  If not, could you pass along the call in number?

Thanks,
Jeff


[IMAGE] Steve  Forbes Editor-in-Chief Forbes Magazine  Robert  L. Forbes President Forbes Global, FYI    cordially  invite you and a guest to a private reception on the occasion of the  World  Economic Forum 2002 Annual Meeting  on Friday,  the first of February from ten p.m. until midnight  "21"  Club 21 West 52nd Street (between Fifth and Sixth Avenue)  Please R.S.V.P. to Karena Bullock Telephone: (1) 212-620-2463 ? Fax: (1) 212-206-5109  ? Email: kbullock@forbes.com   By invitation  only: non-transferable.

 - Forbes_Invite.doc


Hi Sweetie,
?
How are you?? I got up about an hour  ago.? I went to bed pretty late last
night-probably because I slept a lot  yesterday and because I was cleaning.?
My room looks a whole lot  better.? I'll probably be cleaning for a couple of
days.? I just hope  that Bren cleans up her stuff so I don't have to.
?
I don't know when Em is supposed to be here,  she'd said she would call.?
Anyway, Ray is coming to my graduation.?  That's nice, huh?? Now it's gonna
be a total of 13 people here!? He  going to be in Austin tomorrow.? He's
going to stay here all weekend.?  I don't know where I'm going to put
everyone!
?
I have rehearsal at 7:15 tonight, so call me  before 6:45, okay?
?
I'll be checking my email all day......so say  hello!
?
Love you,
Jenn


Previously I distributed the Staff Subcommittee on Telecommunications Agenda
for the upcoming NARUC Summer Meetings in Seattle.  Here is the Agenda for
the Committee on Telecommunications.
Committee on Telecommunications

Sunday, July 15, 2001
3:00 pm - 5:00 pm
3:45 pm	Discussions of Resolutions
4:45 pm	Policy Subgroups Meet
	Consumer Issues
	International
	Regulatory Methodology
	Technology
	Federal Legislation and Regulation
5:30 pm	Recess
Monday, July 16, 2001
8:00 am - 5:00 pm
8:30 am - 9:45 am	General Session - The National Energy Policy
9:45 am - 10:15 am	Networking Break
10:15 am - 12:00 pm	Call to Order
Chairman Smith
	Roll Call: Brad Ramsay, NARUC General Counsel
	Introduction of new members, Review of Agenda, etc.: Chairman Smith
	Approval of Minutes of Last Meeting
	Staff Subcommittee Report: Julie VanderLaan, Chair
	Litigation Report: Brad Ramsay
	Legislative Report: Jessica Zufolo
	NRRI Report: Frank Darr
	Universal Service Joint Board Report
	Separations Joint Board Report
	706 Joint Conference Report
	USAC - Cheryl Parrino (T)
	Policy Subgroup Reports and Resolutions
	Consumer Issues
	International
	Regulatory Methodology
	Technology
	Federal Legislation and Regulation
12:00 pm - 1:30 pm	Lunch
1:30 pm - 3:00 pm	Promise of Wireless Video
John Stanton, CEO of Western Wireless
3:00 pm - 3:30 pm	Networking Break
3:30 pm - 5:00 pm	Service Quality: Measurement & Enforcement
Ed Hurly (IL)
4:45 pm	Recess
5:00 pm 	Commissioner Reception
Tuesday, July 17, 2001
8:30 am - 5:00 pm
8:30 am - 9:45 am	General Session - Managing Risk in the Energy Markets
9:45 am - 10:15 am	Networking Break
10:15 pm - 12:00 pm	Status of Open Access Trials and Cable Telephony Robert
Sachs, NCTA
12:00 pm - 1:45 pm	Lunch
1:45 pm - 3:00 pm	Business - continued
3:00 pm - 3:30 pm	NARUC Network Study Group Report
3:30 pm - 5:00 pm	Introduction: Kathy Brown
	Moderator: Tom Welch, Chair (ME)
	Study Group
3:00 pm - 3:30 pm	Networking Break
Recess
Wednesday, July 18, 2001
8:00 am - 12:30 pm
8:30 am - 10:00 am	Right-of-Way Charges: How much is fair?
Tom Dunleavey (NY)
10:00 am - 10:30 am	Networking Break
10:30 am - 12:00 pm	Pole Attachment (with electricity)
John Burke (VT)
Adjourn
Officer Lunch


Are we confirming trades under the new ISDA yet?  Should CRM put you back on
our distribution now that Marie is gone?


This was sent to me from my friend who works at the Home Depot corporate
office.>

> >>The stupidity of some people in this world never fails to amaze me.
> >>
> >>  This picture is real - not doctored in anyway - and was taken last
week
> >>in
> >>  Waldorf, MD by a Transportation Supervisor for a company that
delivers
> >>  building materials for 84 Lumber.  When he saw it there in the
parking
> >>lot
> >>  of IHOP,  he went and bought a camera to take pictures.
> >>
> >>  The car is still running as can be witnessed by the exhaust. A
woman
is
> >>  either asleep or otherwise out in the front seat passenger side.
The
> >>guy
> >>  driving it was over jogging up and down on Rt. 925 in the
background.
> >>The
> >>  witnesses said their physical state was OTHER than normal and the
police
> >>  just shook their heads in amazement.  The driver finally came back
after
> >>  the police were there and was getting down at the back to cut the
'twine
> >>  around the load.  They told him to get back until it was taken
off.
> >>
> >>  The materials were loaded at Home Depot.  Their store manager said
they
> >>  had the customer sign a waiver!
> >>
> >>    Both back tires are trashed.  The back shocks were driven up
through
> >>the
> >>  floorboard.  In the back seat are 10 bags, 80 lbs. each of
concrete.
> >>  On the roof is many 2X4s, 4X4s and OSB sheets of lumber.  They
estimated
> >>the
> >>   load weight at 3000 lbs.  The car is a VW Jetta with FL plates
and
the
> >>guy
> >>  said he was headed for Annapolis.
> >>
> >>JUST UNBELIEVABLE!!!!
> >>
>

 - stupid.jpg


Start Date: 4/15/01; HourAhead hour: 5;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041505.txt

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 5 / Preferred: -65.00 / Final: -45.00)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  TRADING_SC: CRLP
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  TRADING_SC: SETC
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  TRADING_SC: PGAE
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 5 / Preferred:  70.00 / Final:  50.03)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  TRADING_SC: PWRX
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 5 / Preferred:  32.61 / Final:  32.60)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 5 / Preferred:  92.07 / Final:  92.06)
  TRANS_TYPE: FINAL
  LOAD_ID: SDG1
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  SC_ID: EPMI


Gentlemen,

Today I finally received some information on the status of the work done to
date.  I spoke to Hugo Alexandro at Cuatro Consultants.  The property is
still in two parcels.  Hugo has completed a platt to combine into one  lot
and is ready to submit it to the city of San Marcos.  He has also completed a
topographical survey and a tree survey.  In addition, he has begun to
coordinate with the city on the replatting and a couple of easements on the
smaller parcel, as well as, beginning the work on the grading.  Hugo is going
to fax me a written letter of the scope of work he has been engaged to
complete.  The total cost of his services are estimated at $38,000 of which
$14,000 are due now for work completed.

We are trying to resolve the issues of outstanding work and bills incurred by
the original developer so we can obtain the title to the land.  If we can
continue to use Cuatro then it would be one less point of contention.  Hugo's
number is 512-295-8052.  I thought you might want to contact him directly and
ask him some questions.  I spoke to him about the possibility of your call
and he was fine with that.

Now we are going to try and determine if any of the work performed by Kipp
Flores can be used.

Keith and I appreciate you meeting with us on Sunday.  We left very
optimistic about the prospect of working with you on this project.

Call me with feedback after you speak to Hugo or with any other ideas about
moving this project forward.

Phillip


Looks good.  Settlement is last nite's settle.

Errol

 -----Original Message-----
From: 	Anderson, Diane
Sent:	Thursday, October 25, 2001 3:33 PM
To:	McLaughlin Jr., Errol
Subject:	CARR Expit letter
Importance:	High

Errol,

Please review and revise as necessary or confirm to me that this is acceptable to send (I just need the actual settlement date)

Diane

 << File: Carr-Expit 10.25.doc >>


Thanks for the invitation Jeff, however we will decline the offer.? We have
elected to focus our efforts on the Southern Calif. market.

-----Original Message-----
From:?? Jeff.Dasovich@enron.com [SMTP:Jeff.Dasovich@enron.com]
Sent:?? Thursday, November 09, 2000 11:02 AM
To:???? craigc@calpine.com; counihan@greenmountain.com; PhilDavies@aec.ca;
jfawcett@enron.com; rochmanm@spurr-remac.org; dcarroll@dbsr.com;
PaulAmirault@aec.ca; ALEXANMS@sce.com; Mark.C.Moench@wgp.twc.com;
tomb@crossborderenergy.com; burkee@cts.com

Subject:???????

Greetings Folks:

As you know, the Gas Accord is coming to an end and PG&E's trying to figure
out where to go from here.? I would argue that what happens with PG&E is
equally, if not more, important as what happens with SoCal.

As you also know, we're faced with a retrograde PUC that, by all accounts,
longs for the "halcyon days" of command-and-control regulation.? As such, I
think it would be very useful, and cost-effective, to pull together the
effective coalition we established in the SoCalGas settlement.

In that coalition, some of us contributed dollars and some contributed
experts.? I think we should employ that approach again.? I asked Mike Day,
who I think most agree, did a pretty good job of representing us in the
SoCal settlement, to make a proposal for representing us in the PG&E case.
Mike's proposal is attached.? Finally, if there's anyone else you think we
ought to include in our coalition, please let me know.

Let me know what you think.

Hope all is well with you and yours.

Best,
Jeff

***************************************************************************

Jeff:

?????????? Goodin, MacBride is willing and able to represent a coalition of
end-users, marketers, and other interested parties in the PG&E Gas Accord
II
proceeding in much the same fashion that it represented multiple parties in
the GRI proceeding in both PG&E and SoCalGas settlements.? We would propose
to split our monthly billings for legal fees and expenses equally between
the parties who agree to join such a coalition.? In exchange for joining
the
coalition, parties would receive frequent updates on the status of
settlement talks and other proceedings, participate in conference calls to
reach decisions on coalition positions, and have the ability to call on the
GMSRD lawyers on the case in order to answer specific questions or provide
any other useful information.

?????????? I envision using several attorneys for various portions of the
proceeding, including using associates and paralegals for research, and
other GMSRD partners with gas experience for preparation of pleadings, etc.
However, most of the face to face negotiating, including working with
Commissioners and advisors as necessary, would be done by myself as lead
partner on the case.? I have attached a fee schedule for the GMSRD
attorneys
who would likely have some involvement in the case.? Because the majority
of
this work will be done in 2001, these rates reflect our new 2001 hourly
fees.? However, in an effort to encourage participation in the coalition,
and because several potential members of the coalition are past or existing
clients, we propose to reduce our standard fees with a 15% discount for all
participants in the coalition.? With this discount, these would be the
lowest fees available to any of our clients in the coming year.

?????????? I have not made any type of estimate of legal expenses for this
proceeding, as it is exceedingly difficult to forecast how protracted the
proceedings will be.? Once we begin participating in the proceeding and we
collectively decide how best to proceed in terms of actual participation in
the case, we can provide frequent budget reports and make more useful
budgetary estimates.? If you require some type of estimation sooner than
that, please let me know.

?????????? Thank you for your interest in using our services.? Please
contact
me directly at (415) 765-8408 if you have any questions.

Mike Day, partner
Goodin, MacBride, Squeri, Ritchie & Day

GMSRD Fee Schedule for Gas Accord II proceedings

Michael Day?????????????????????????????????? $300

James McTarnaghan????????????????????????????? $260

Jeanne Bennett??????????????????????????? $220

Alexandra Ozols??????????????????????????????? $130

Heather Patrick, paralegal???????????????????? $ 85


Elizabeth,
FYI,

Some additional information for you that you may need to know.

On item 3. F & G - A comment data field for operational capacity updates was added to TMS around the 13th or 14th of August. The way this field works is as follows: If the Operational Capacity Volume is updated during the allocation process, the reps. must enter a comment. TMS is now storing the comments. Also, the operational capacity changes made during the I/D 1 and I/D 2 cycles do not get sent back to CAS, so we should not have the issue with the flow rate calculation being posted as operational capacity. The CAS system is also tracking comments if the reps. update the operational capacity in that system. Basically the comments could be stored in both systems. If you need this data, we will need to go the Tina Dunnaway for CAS or Hasan Kedwaii for TMS.

Let me know if you need anything or if I can help coordinate getting this information.

Thanks Ramona

 -----Original Message-----
From: 	Brown, Elizabeth
Sent:	Tuesday, September 04, 2001 3:30 PM
To:	Corman, Shelley; Blair, Lynn; Dietz, Rick; January, Steven; Holmes, Bradley; Schoolcraft, Darrell; Kowalke, Terry; Medeles, Gerry; Betancourt, Ramona ; Harris, Steven; Donoho, Lindy; Watson, Kimberly; Lokey, Teb; Miller, Mary Kay; Bianchi, Rita; Hass, Glen; Kilmer III, Robert; Veatch, Stephen; Powell, Don; Spraggins, Gary
Subject:	FERC Requirements for California Market Reporting
Importance:	High

Now that the latest round of TW's negotiated rate hearing is behind us, we can re-focus our attention on the monthly reporting requirements imposed by the FERC on July 25, 2001.  Please review the attached document that addresses all the issues that were raised in prior meetings and provide your comments by COB September 7, 2001.

I will then work with Don Powell to gather/compile the data required for the September 30th filing and distribute to the primary reviewers by mid-month.  Once the reviewers have had an opportunity to analyze the data, we can distribute for review and discussion.  If you have any questions, please feel free to contact me.

 << File: CA Mkt Rpting_resolution.doc >>

Thanks,
Elizabeth
x3-6928


Realtime power interchange schedule paths to be considered for analysis/beta testing for OATI Webtrader:

Paths:
NSP(G)-MAPP-AMRN-TVA-SOCO-GTC-JEA-FPL(L)
MHEB(G)-MAPP-TVA-SOCO-JEA-SEC-FPC(L)
IP(G)-AEP-ATSI-PJM(L)
PJM(G)-NYISO-NEEPOOL(L)
PJM(G)-AP-AEP-DUK-SCEG-SOCO-JEA(L)
EES(G)-TVA-AEP-MECS(L)

Potential Long/Short positions.
IP(G)-AEP-ATSI-PJM(L)
DPL(G)-AEP-TVA-SOCO(L)
WR(G)-SWPP-MAPP-ALT-CE-ATC-WEC(L)
AECI(G)-AMRN-TVA-SOCO(L)
MHEB(G)-MAPP-AMRN-AEP-AP-PJM(L)

EPMI Hourly completes approxmitly 5 tags per hour.

Have a safe trip.  Give me a call if you get there and need some help.

Don
713-853-0392


All of central books are done.  If you are missing any econ details, please
let me know.
PL


Ken and Mark,

Richard Lewis mentioned to me that you had recently read an article about
Regenesys, the large-scale battery technology being developed in the UK, and
wanted to know more about Enron's potential interest in this technology.  I
am a Manager in our UK Origination and have tracked the progress of Regenesys
since it first came on the scene over one year ago.  We have watched it with
interest given the historical peak/off-peak spread in this country's power
market.  Bruce Stram and I have also co-ordinated our efforts on the
preliminary analysis.

Below is a brief summary of Regenesys, our initial views on the technology
and our response going forward.

Technology Summary
large-scale battery system using two oppositely-charged electrolytes that are
separated by an ion exchange membrane
current generating plant capacity up to 14.75 MW per unit (or 120 MWh per day)
response time within 20 milliseconds
it can release full power within a few seconds thereby yielding brief
capacity of up to 500 MW
$1500 / kW capital costs initially which are expected to decrease to approx.
$750 / kW
18 month build time for facility which requires a site of just under 1
hectare (50 m x 60 m)

Latest Developments
Innogy announced last month that it will proceed with it's first Regenesys
plant at Aberthaw Power Station in the UK
Tennessee Valley Authority has just signed some form of agreement with Innogy
on the Regenesys technology but there are no firm decisions to build a unit
there yet

Our Cynical Point of View
Innogy have got to go a long way before they can make this technology
commercially successful
Our initial analysis shows that based on the peak/off-peak spreads they need
to achieve capital costs less than $600 / kW to be successful - we have not
seen evidence that this can be achieved
Innogy have been hyping up the technology in the past month to support the
forthcoming spilt of National Power and to prepare for a potential floatation
There has been a flurry of press releases and news articles recently yet the
specifications of the technology (including capital cost) have not improved
since we first looked at this in July 1999
Innogy touts this as a revolution in energy storage for peak/off-peak
arbitrage, however, commercially it does not compare to having large-scale
diesel standby generation

On the Brighter Side
The real potential for this technology could be in supporting grid systems
It has good black start and frequency response capabilities

Way Forward
We are evaluating the commercial attraction of the black start and frequency
response characteristics with respect to our interests in the UK
I will continue to liaise with Bruce Stram in evaluating any further
potential in the US

Please let me know if you would like any further details on the above.

Regards,

Chris


Here is a great picture of little Haley Goodrow.

  y
---------------------- Forwarded by Yolanda Roberts/Corp/Enron on 09/13/2000
08:54 AM ---------------------------

"Henry Goodrow" <henrygoodrow@hotmail.com> on 09/12/2000 08:26:26 PM
To: yolanda.roberts@enron.com
cc:

Subject: Another Picture....

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.

 - DSCN0007.JPG


Attached is a memo regarding the above-referenced meeting.


tell slim pickins i sent his check today


----- Forwarded by Mark Taylor/HOU/ECT on 05/10/2001 11:16 AM -----

	Mark Greenberg@ENRON
	04/27/2001 04:13 PM

		 To: Douglas Fuehne/Enron@EnronXGate
		 cc: Mark Taylor/HOU/ECT@ECT
		 Subject: Blue Sox

Doug -

Below are my initial comments to the Blue Sox information.  I have some
additional points to make and will provide those in a separate document.  The
document attached is based upon the latest memo you forwarded; however, it
must be a version prior to the one you provided at the meeting as there are
some provisions in the meeting form that are not in the attached.

Call me if you want to discuss any comments.

Mark
Senior Counsel, EWS
Phone:     713-345-8897
Facsimile: 713-646-3490
E-Mail:      Mark.Greenberg@enron.com


Very good.  I'll wait to hear.

>Tom, the memo is fine, but before sending it we need to get confirmation
>from John Beckworth or Mike Perrin that Senator Bentsen will be able to
>attend the dinner at which the award will be given.  I left messages for
>John and Mike last Friday.  Jim
>
>
>
>
>Tom Henninger <thenninger@mail.law.utexas.edu> on 12/04/2000 10:32:31 AM
>
>To:   James.Derrick@enron.com
>cc:   nbrazzil@mrzip.cc.utexas.edu
>
>Subject:  Lifetime Achievement Award memo attached
>
>
>Hello, Mr. Derrick--Nancy asked that I send you this draft memo for your
>review/approval.  Please let me know if you have difficulty opening it
>and/or what changes need to be made to it.  Thanks.
>
>Best regards,
>
>Tom
>
>(See attached file: Lifetime Achievement memo.doc)
>
>
>
>Attachment converted: Macintosh HD:Lifetime Achievement memo.d (W8BN/MSWD)
>(00005850)


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/01/2001
08:42 AM ---------------------------

Pamela Vande Krol Castro <castro@rice.edu> on 04/17/2001 12:46:56 PM
To: Vince.J.Kaminski@enron.com (Vince Kaminski)
cc:
Subject: MGMT 656

Enclosed please find the final grade rosters for MGMT 656.? Grades are due
into our office no later than Friday, May 4.

Remember that this is the university deadline for graduating students.

Thank you for your help! - Pam (713-348-6223)
 - 656.doc


Attached is a draft press release regarding the completion of AEP's purchase of HPL.  This transaction is expected to close today (Friday, June 1) and the release would follow the completion of the deal.  Please review and return any comments to me at your earliest convenience.

Eric


Hey, are you there..............................?


John:

Below are the LDC points for Detroit Cold Roll.  I hope this helps.  If not,
please let me know and I'll forward back to Tony.  Thanks for your help again.

Ken
---------------------- Forwarded by Ken Sissingh/Corp/Enron on 11/28/2000
09:26 AM ---------------------------

"Tony Wilson" <twilso2@bellatlantic.net> on 11/28/2000 09:12:35 AM
To: "Ken Sissingh" <ken.sissingh@enron.com>
cc:

Subject:

Dear Ken,

I spoke to Michcon regarding their gas city gates.

They have over 100 connection points in the state. The nearest ones to
Gibraltar (although they will transport it from anywhere because the gas
loses its identity when it is mixed with other gas
already in the pipes) are:

Panhandle.... River Rouge
ANR...........Willow Run
Great Lakes Transmission....Belle River

I am still arranging to get the Pickling invoices. How many months do you
need?

Regards

Tony Wilson


I no longer need to receive Hyperion updates.

Thank you,
Robin


Have you thought any more about coming with me for Thanksgiving?


Hi Sarah and Rod,
Before sending the docs for these two additional Enron entities, would you
run these securities by your credit folks to see if they are OK with
including government agencies as acceptable collateral.  First Union has
recently changed it's position and is now including these in all of our
CSA's, valued at 92%.  Thanks, Dee

Agency Securities: negotiable debt obligations of the Federal National
Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC),
Federal Home Loan Banks (FHLB), Federal Farm Credit Banks (FFCB), Student
Loan Marketing Association (SLMA), Tennessee Valley Authority (TVA) having
an original maturity at issuance of not more than 30 years.

FHLMC Certificates.  Mortgage participation certificates issued by FHLMC
evidencing undivided interests or participations in pools of first lien
conventional or FHA/VA residential mortgages or deeds of trust, guaranteed
by FHLMC, and having an original maturity at issuance of not more than 30
years.

FNMA Certificates. Mortgage-backed pass-through certificates issued by FNMA
evidencing undivided interests in pools of first lien mortgages or deeds of
trust on residential properties, guaranteed by FNMA, and having an original
maturity at issuance of not more than 30 years.

GNMA Certificates. Mortgage-backed pass-through certificates issued by
private entities, evidencing undivided interests in pools of first lien
mortgages or  deeds of trust on single family residences, guaranteed by the
Government National Mortgage Association (GNMA) with the full faith and
credit of the United States, and having an original maturity at issuance of
not more than 30 years.

Delene M. Travella
Vice President
Capital Markets, Derivatives
Telephone: (704) 383-8778
Facsimile: (704) 383-0575
email: delene.travella@funb.com

> -----Original Message-----
> From: Sara.Shackleton@enron.com [SMTP:Sara.Shackleton@enron.com]
> Sent: Thursday, April 05, 2001 12:24 PM
> To: delene.travella@funb.com
> Cc: Rod.Nelson@enron.com; Denis.O'Connell@enron.com
> Subject: Enron Credit Limited ("ECL")
>
> Dee:
>
> Hope you had a good vacation.
>
> I sent a copy of the Enron North America Corp. ISDA Schedule/CSA to Rod
> Nelson who is the credit person in London reviewing credit for ECL.  Rod
> can be reached at 011-44-20-7783-5275,
>
> I need to send the Enron Corp. Schedule to you.
>
>
> 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


- Happy99.exe


The nonsolicitation clause is one way (rest is bilateral)  so if it is
included you have to remember to fill in its blanks.  (You probably would
remember this anyway!)

Kay C. Young
Legal Specialist
Enron North America Corp.
713-853-6794 Phone
713-646-3393 Fax
kay.young@enron.com


fyi
----- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/29/2001 12:36 PM -----

	Stinson Gibner
	01/29/2001 12:10 PM

		 To: Jeffrey A Shankman/HOU/ECT@ECT
		 cc: Vince J Kaminski/HOU/ECT@ECT
		 Subject: P+ spread options

Jeff,

We are reviewing the P+ spread option book.    One item of note is that the
correlations used to book the spread options have dropped significantly from
what was being used a year ago (see charts below).   I also remember that
John Mee was using even higher correlations when he ran this book.  In fact
he wanted to book options with a correlation of 1.0, but our model would not
allow it, so he was using 0.999.

We are currently calculating historical correlations for you as well.   If
you want, Vince and I can review this with you at the end of the day.   Just
let me know what time would be convenient.

--Stinson
x34748


This draft has some formatting improvements, but it does not yet incorporate
some of the comments that we made earlier. Heather will make these as soon
as possible and before the public release(e.g. I sent her specific changes
to incorporate Severin's restructuring comments).

Lee

-----Original Message-----
From: Heather Cameron [mailto:hcameron@uclink.berkeley.edu]
Sent: Friday, October 20, 2000 5:31 PM
To: Rob.Gramlich@neg.pge.com; lfried@uclink.berkeley.edu;
borenste@haas.berkeley.edu; shapiro@haas.berkeley.edu;
AMosher@appanet.org; whederman@columbiaenergygroup.com;
jeff.dasovich@enron.com
Subject: Electricity Summit website

Dear Colleagues,

The new draft website is at:
http://gspp.berkeley.edu/events/electricity_summit_conference.htm.
Have a good weekend. Talk to you on Monday.

Best wishes,
Heather


Dear All,

Some of your may already know, and by the time you finish reading this all of
you will know, that I am after 9 years leaving Enron.

After nine years with Enron in Europe, working in Human Resources, UK Gas &
Power Origination, Weather Trading, EnronOnline and now Enron Credit I have
accepted an opportunity to move on to a new venture in the City.

I will be the CEO of the International Weather Exchange (I-WeX.com Limited)
which is a venture involving LIFFE, Willis Insurance and Intelligent
Financial Systems Limited, which will provide data, forecast , research
information services and a risk transfer marketplace for climatic risk.

I would like to thank all of you personally for making the time here at Enron
so enjoyable and rewarding.

If you are in London this Friday I will be located in the upstairs bar at the
Grouse & Claret public house from 6pm and would be happy if you could join me
for a farewell drink before my departure.

If you want to contact me. you can reach me at home on +44 1462 769277 (new
mobile and Office numbers are not known yet, but if you would like them let
me know and I will send them to you once I know them) or use my personal
email account Nick.Mooney@London.com.

Regards

Nick


---------------------- Forwarded by Eric Bass/HOU/ECT on 01/29/2001 04:14 PM
---------------------------

From:  Lesli Campbell
    01/29/2001 02:40 PM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Deal # QM4771

Please rebook to Duke Energy Trading and Marketing.

Thanks

Lesli


Elizabeth Baker
835 N. Croft Ave
Los Angeles, CA 90069
collectivedesigns@mediaone.net

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Elizabeth Baker


Errol-
Can you help me on this deal-
I need to make an prior month adjustment, as well as adjust books for current
month-

Calpine only knows deal QF1336.1, not QF1336.1

let me know
thx
jennifer

	From:  Jennifer Blay                           05/07/2001 07:32 AM

To: Sheetal Patel/HOU/ECT, Derek Bailey/Corp/Enron@ENRON
cc:
Subject: Calpine Energy

Can either one of you help me...

Calpine- does not know Deal QF1735.1-traded by John Arnold.

Deal QF1336.1 is the exact same trade terms, but is brokered through GFI and
traded by Mike Maggi.

Calpines thinks these are duplicate trades-and only knows the QF1336.1
Their trader is Thomas McAndrew @ 713 830-8640

Calpine has short-paid by 136,990 due to this trade.

Please let me know if the trade by John Arnold is valid-
Thanks so much
jennifer
5-7678


In the attached chart, I have listed our three main options, and the pluses
and minuses, from my point of view, of each option.  Let's discuss this
tomorrow.


Mr Lay:

It is easy for me to understand the feelings of anger of many of my co-workers and peers as the turn of events at Enron has probably taken the worst possible route.

I do not understand, however, why so many people blame you personally for the whole process. This is a business issue, and as a business failure, the "fault" if there is such thing, belongs to no one. It's just a fact of life that businesses fail, and businesses succeed. Enron was always on top, and when that was the case, although people recognized your leadership, the common knowledge was that it was all a "team effort".
I find it unfair and unhealthy to hear people's currennt comments about upper management including, particularly,  yourself. I  have the sense that for many people it has become a personal thing, and that should definitely should not be the case.

As a personal note, I have to say that I feel for you. Seeing what you built for many years crumble to dust like Enron has, and then leave with that legacy must not be easy. The closest analogy I can think of is the Concorde. There are many parallels among the Concorde and Enron. Both were a marvel of innovativeness, technology and talent, each in its own time. After Concorde's first crash last year, it was imperative that it fly again. It would have been a bitter and undignified end for such a graceful, advanced machine if it did not. Many engineers, originally involved in the process of building Concorde in the 60's and 70's came out of retirement to participate in its modification process. And now, it is flying again, with pride.

Given the pragmatic and cold facts of business, I do not think you will have that opportunity. Whether Enron flies again  (and I'm sure it will) you will not be a participant to its re-birth. Even though for the past 2 months you have spent countless sleepless nights, away from your family and trying effortlessly to get the best possible solution, you will not be here to see the fruits of your work. For some time to come, people will associate you with Enron's demise, and will blame you for it. Few will remember that it was you who made Enron what it was, in our best days. I believe strongly that that is not fair.

Thanks for what you have done, for the past 25 years and the past 3 weeks. You are probably one of the people most affected by this, at least emotionally. Thanks for your courage in keeping us updated, through voicemails and e-mails, knowing that most of them will be deleted, just by the mention of "office of the chairman". And please keep in mind that there are a lot of people out there that recognize what you've done, your recent efforts, your strength and presence of mind in these tough times.

My only hope is that you will find solace and tranquility, in knowing that what you should remember of your tenure at Enron is all the years you were at its helm, not the last 6 months and horrible 3 weeks.

Martin Gonzalez

ETS


Here's two more names to check, if you don't mind.
---------------------- Forwarded by Dan J Hyvl/HOU/ECT on 05/12/99 07:56 AM
---------------------------
From: Mike D Smith@EES on 05/12/99 08:49 AM EDT
To: Dan J Hyvl/HOU/ECT@ECT, Heidi Griffith/DUB/EES@EES
cc:
Subject: Re: Washington County, OH purchases

How about White Investment or Peoples Petroleum?  Thanks

Dan J Hyvl @ ECT
05/11/99 05:44 PM

To: Mike D Smith/DUB/EES@EES
cc: Jeffrey T Hodge/HOU/ECT@ECT
Subject: Washington County, OH purchases

Mike,
 Jeff has forwarded your request to me.  A search of our data base has failed
to identify the named wells or any contracts with the named individuals.  Can
you provide any other information?
---------------------- Forwarded by Dan J Hyvl/HOU/ECT on 05/11/99 04:33 PM
---------------------------
From: Jeffrey T Hodge on 05/11/99 04:02 PM
To: Dan J Hyvl/HOU/ECT@ECT
cc: Mike D Smith/DUB/EES@EES
Subject: Washington County, OH purchases

Dan, could you look into this and coordinate with Mike?
---------------------- Forwarded by Jeffrey T Hodge/HOU/ECT on 05/11/99 04:01
PM ---------------------------
From: Mike D Smith@EES on 05/11/99 04:57 PM EDT
To: Jeffrey T Hodge/HOU/ECT@ECT
cc:
Subject: Washington County, OH purchases

I understand you may be able to shed some light on this.  I have received a
complaint naming ECT as a defendant, filed by Jeff Brown, dba M&J Energy.
The allegation is that his partner, Mr Buckey is diverting payments for gas
purchased from  wells owned by Brown, Buckey and others.  The wells are
described in the complaint as Rea #1 and #2 and Cullen #1 and $2 in
Washington County, OH (Marietta).  ECT is named b/c ECT is buying the gas
from the well and allegedly paying the wrong person for the gas (I can't see
how that gives rise to any claim, but that's beside the point).

I can't find where EES is buying gas from this well, so that leaves you.  Is
this ECT's gas?  MDS
---------------------- Forwarded by Mike D Smith/DUB/EES on 05/11/99 04:46 PM
---------------------------

	Enron Energy Services

	From:  Mike D Smith                           05/10/99 12:17 PM

To: James T Javins/DUB/EES@EES, Louis P Bonasso/DUB/EES@EES, Christina
Finelli/HOU/EES@EES
cc:
Subject: Washington County, OH purchases

Do any of you know anything about wellhead purchases in Washington County
from Jeff Brown, M&J Energy, CMB Investments, James Buckey, Samuel Buckey?
Thanks


Teresa,
 I have reviewed the revisions to the VPP transaction with Charlie Otto.  We
have a concern relating to the term.  The term of this letter should be for
the period ending April 30, 2001.  The reason for our reluctance in extending
the term is that we do not know what conditions Texas Gas may put on the next
OFO nor do we know what conditions El Paso may put on the processing.

	Teresa G Bushman
	04/19/2001 05:45 PM

		 To: Charles H Otto/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT
		 cc: Joan Quick/Enron@EnronXGate
		 Subject: St. Mary's Letter Agreement

Attached are the St. Mary's letter agreement incorporating some revisions
relating to the VPP transaction and a marked copy showing changes from the
last draft distributed.  Please let me know if you have any questions or
comments or advise Joan if these revisions are OK.  Thanks.

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


The industry quote below is interesting.  I have a call in to Bob to ask him
to get you key measurements on EOL business to date.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 01/06/2000 03:46 PM
---------------------------

	From:  Bob Shults                           01/06/2000 01:40 PM

To: Sally Beck
cc:
Subject: Press quote

---------------------- Forwarded by Bob Shults/HOU/ECT on 01/06/2000 01:39 PM
---------------------------

David Forster
01/06/2000 12:25 PM
To: Jay Webb/HOU/ECT@ECT, Product Control - Houston, Product Control -
London, EOL Call Center, Elena Kapralova/LON/ECT@ECT, Mark
Dilworth/LON/ECT@ECT, Peter Kearton/LON/ECT@ECT, Lydia Cannon/HOU/ECT@ECT,
Rahil Jafry/LON/ECT@ECT
cc:
Subject: Press quote

I thought some of you might like to see the following press quote, which was
taken from a UK daily natural gas publication today. It nicely sums up
EnronOnline:

"A new web based trading service drew significant levels of interest......One
trader says he did "50 or 60 deals on EnronOnline.  "There's nothing
fundamentally better about the form of trading", he says, "but they're always
there, they're firm, and they don't go into a meeting for an hour."" -
Petroleum Argus Ltd

Dave


Dave:
Can you do the same printout today of children for product #33076
Thanks
John


Jeff,
I will start copying you on the California updates.  The information comes
from a variety of sources and some of the information contained in these
emails are very sensitive and confidential and should not be disseminated to
anybody outside of Enron.  Please feel free to contact me should you have any
questions (713) 853-9510.

Thanks,
Kristin Walsh

 -----Original Message-----
From:  Walsh, Kristin
Sent: Monday, March  26, 2001 10:54 AM
To: Lavorato, John; Kitchen, Louise
Cc: Allen, Phillip; Belden, Tim; Grigsby, Mike; Heizenrader, Tim; Kaminski,
Vince; Milnthorp, Rob; Presto, Kevin; Ribeiro, Claudio; Shapiro, Richard;
Steffes, James; Tawney, Mark; Tholan, Scott; Whitman, Britt
Subject: California Update 3/26/01
Importance: High

Executive Summary:

-CPUC likely to pass rate hikes tomorrow, politicians bowing to the inevitable
-Many questions still unanswered, most notably size/structure of rate
increase and past utility debts
-Past undercollect major sticking point, with little help available from
transmission deal or long-term contracts
-Reliant seeking relief in circuit court from emergency orders; large
generators increasingly angry with Davis' "blame game"
-QFs waiting for details of rate hike; new price formula crucial to SoCal's
ability to make payments
-Bankruptcy outlook increasingly complex, but debt rescheduling remains
subject to failure

In our late Friday report, we wrote "Davis could order rate hikes as a last
ditch effort, but this action would not address the undercollection  issue.
There is still a high chance of bankruptcy by either the larger generators,
commercial paper holders, and (less now but still very possible) the QFs as
time is running out."  Events are unfolding exactly along these lines.

1. Why Rate Hikes Now?
CPUC President Lorretta Lynch came out this weekend in favor of rate hikes.
Davis and many legislators recognize that rate hikes are the quickest
solution, but that there is a potentially painful political price attached.
Davis will probably come out in support of a structured rate system, passing
on most of the hikes to business and industrial users.

Other California politicians are starting to face reality of rate hikes.  The
CalEnergy ruling massively reduced their leverage over the creditors, who are
now able to sell outside the state, if they can get similar relief from the
courts.  And it's not just the QFs--the giant Reliant Energy is appealing to
the Ninth Circuit Court in San Francisco against Federal Judge Frank
Damrell's series of rulings forcing large generators to continue to sell to
California.

2. What Impact Will the Rate Hikes Have?
Rate rises will stabilize the situation going forward, but there will be a
messy scramble to assign blame and liability for past debts.  Some form of
rescheduling is a possibility, but there are any number of accidents that
could happen and yet result in bankruptcy for the utilities -- if they don't
seek protection from creditors themselves.

3. Undercollection/Net Short Still Unaddressed
All of these developments fail to address the past undercollection or the
bond revenue plan.  Still, the passage of rate hikes could speed up the
legislature on these fronts as well.  The bulk of the rate hikes will go
first to repay the DWR, then to the commercial creditors.  Absent the
transmission line deal, the bond revenue plan would have to be restructured
to repay the past undercollect.  Long-term power contracts are still
relatively meaningless until 2003, when the majority of the contracts kick
in.

4. Large Power Suppliers Losing Patience
Relations are also deteriorating between Davis and the large power
suppliers.  Davis for the most part has been very careful to cultivate them
during the drawn out negotiations, talking to several of the main CEOs almost
daily.  But state legislators and officials are rapidly trying to initiate
investigations of alleged market manipulation and overcharging to deflect the
growing political heat from themselves.  This is only agitating the larger
generators more as every day passes.  If Reliant loses their case, it may
also tempt some of the larger generators to force the issue to bankruptcy.
What's more, financial creditors are also waiting with growing impatience,
and the utilities themselves are contemplating voluntary bankruptcy.  PG&E in
particular simply will not agree to Davis' transmission lines deal as it
stands, and a bankruptcy workout may offer the best, albeit uncertain, chance
of a return to eventual health someday.

5. QFs Listening and Waiting
But the largest threat, as we have been saying, is not from the major energy
companies.  It is the small companies -- known as QFs -- that will be the
triggers if bankruptcy occurs.  Remember these two facts: (1) The QFs are a
diverse group of 600 companies, and it only takes three of them to force
bankruptcy; and (2) many of them have to move in court quickly or lose any
possible standing for future court action.  It is in the interests of a
number of creditors to wait and hope that a negotiated settlement can be
reached, but others have a large incentive to game the situation and threaten
to force bankruptcy.

Other bullish news: PG&E gets extended forbearance until April 13th from its
banks, and SoCal announces that it will pay some QFs.  The actual amount of
payments to the QFs is still subject to the CPUC  approving a revised pricing
formula that is satisfactory to the QFs.  That decision should come tomorrow.

6. Outlook
Last week we wrote that "the QFs felt there was no point in filing today
because they want to see what they can get from the legislature this week and
in all likelihood, what they can get from the CPUC hearing next week."  The
next 48 hours will be crucial.  Only massive rate hikes (40% or higher
roughly) would address the undercollect issue and Davis is unlikely to
authorize those.

As one source told us, "the age of denial is (mostly) coming to an end, and
that is the main source of hope that California can begin to move forward
from this."  But the situation is so complex, and there are so many players
and angles involved, that a negotiated solution to the past debt problem will
still be complicated and vulnerable to failure.


I've decided that I'm going to quit worrying about them.  I finally heard
from the VP yesterday.  Her son has been in the hospital, so she's been out
of the office ever since I went up there.  So basically we've made no
progress.  She's back now, though, so I'm hoping I'll know something soon.
If I do end up going which is very likely I'm going to leave pretty soon.
That's  the main reason I'm going home this weekend.  I'll let you know when
I hear something.

RR

	From:  Jennifer Bagwell @ ENRON                           02/14/2001 02:58 PM

To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Re: Sat night

Hey!  Have fun this weekend!  So what have you decided about Chicago??

Robin Rodrigue@ECT
02/14/2001 02:47 PM
To: Jennifer Bagwell/NA/Enron@ENRON
cc:

Subject: Re: Sat night

Hey Bags,

It's good to hear from you.  I wish I could make it, but I'm going home for
the weekend.  Hope you guys have fun.

Bye,
Robin


stop by my office.

We want you in the new company.   We have really been trying to get you happy.


i am tired.  you snore.

 -----Original Message-----
From: 	Erin Richardson <erichardson@sarofim.com>@ENRON
Sent:	Tuesday, October 30, 2001 4:02 PM
To:	Lenhart, Matthew
Subject:	RE:

it's not going to zero.  you need to think more positively.

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Tuesday, October 30, 2001 3:25 PM
To: erichardson@sarofim.com
Subject: RE:

it is going to zero

    -----Original Message-----
   From:   Erin Richardson <erichardson@sarofim.com>@ENRON
   Sent:   Tuesday, October 30, 2001 1:41 PM
   To:     Lenhart, Matthew
   Subject:  RE:

   nice.  i just talked to fayez and he said it will be up next week.

   -----Original Message-----
   From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
   Sent: Tuesday, October 30, 2001 1:33 PM
   To: erichardson@sarofim.com
   Subject: RE:

   13 days straight.  it is trading just over $11.

       -----Original Message-----
      From:   Erin Richardson <erichardson@sarofim.com>@ENRON
      Sent:   Tuesday, October 30, 2001 1:23 PM
      To:     Lenhart, Matthew
      Subject:  RE:

       all the stocks are down, not just enron.

      -----Original Message-----
      From: Lenhart, Matthew [mailto:Matthew.Lenhart@ENRON.com]
      Sent: Tuesday, October 30, 2001 1:00 PM
      To: erichardson@sarofim.com
      Subject:

      the enron stock is down again.  13 days in a row.

   **********************************************************************
      This e-mail is the property of Enron Corp. and/or its relevant
   affiliate
      and
      may contain confidential and privileged material for the sole use of
   the
      intended recipient (s). Any review, use, distribution or disclosure
   by
      others is strictly prohibited. If you are not the intended recipient
   (or
      authorized to receive for the recipient), please contact the sender
   or
      reply
      to Enron Corp. at enron.messaging.administration@enron.com and delete
      all
      copies of the message. This e-mail (and any attachments hereto) are
   not
      intended to be an offer (or an acceptance) and do not create or
   evidence
      a
      binding and enforceable contract between Enron Corp. (or any of its
      affiliates) and the intended recipient or any other party, and may
   not
      be
      relied on by anyone as the basis of a contract by estoppel or
   otherwise.
      Thank you.

   **********************************************************************


The change to the DPR will occur on the 14th, not on the 13th as previously
communicated.

Best regards

Shona Wilson
X39123

	From:  David Maxwell @ ECT                           11/13/2000 03:24 PM

To: Chris Abel/HOU/ECT@ECT, Michael Benien/Corp/Enron@ENRON
cc: Shona Wilson/NA/Enron@Enron, Michael S Galvan/HOU/ECT@ECT, Andrea V
Reed/HOU/ECT@ECT, Mark E Lindsey/GPGFIN/Enron@ENRON, Sally Beck/HOU/ECT@ECT,
Maria LeBeau/HOU/ECT@ECT, L'Sheryl Hudson/HOU/ECT@ECT, Ted
Murphy/HOU/ECT@ECT, David Port/Market Risk/Corp/Enron@ENRON

Subject: Enron Raptor I P&L Reversal

 On the 11/13/00 MPR, we will be offsetting $163,337,947 of YTD P&L loss
associated with the Raptor I hedge.  This P&L has been accumulating since
Project Raptor was created using 8/3/00 asset balances.  On the MPR, we have
been showing the daily marking of the Raptor assets to the screen but have
not been showing the corresponding hedge offset.  The amounts have been
flashed by ENA with the hedge offset included.

 This change will show up on the 11/13/00 DPR.

 If you have any questions regarding this matter, please contact either Susie
Ayala at x3-0524 or myself at x3-6983 by 10:00 a.m. on Tuesday, 11/14/00.

 Thank you,
 David Maxwell


Please click on the attached link to launch your Holiday Party invitation.

 http://invitation.enron.com

Please direct any questions to Dorie Hitchcock via email.


HEY!!  I'm a sweet guy, modest too.

Merry Christmas and a Happy New Year!

	Enron North America Corp.

	From:  Maria Garza                           12/22/2000 03:40 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Taco Bell

Hey Chris,

Just wanted to thank you again for the taco bell dog. That was very sweet of
you.
Hope your holidays went well.

See you later.

Maria


Welcome & Enjoy Kingwood Cove Golf Specials.  Please take advantage of the
special offers.  You will receive notices weekly or bi-weekly.  If you no
longer wish to receive these messages, simply reply with your request.
Keep it in the fairway.

                         **April E-mail Specials**

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                         4 Play for the price of 3
                        Anytime-Monday thru Friday
                  After 12pm-Saturday, Sunday & Holidays
        (Offer valid with purchase of cart & green fee per player)
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       Not valid with Sr/Jr rates or other offers . Expires 05/02/00
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                    ( Offer includes cart & green fee)
           Must present e-mail invitation prior to registration.
Not valid with Sr/Jr rates, tournaments or other offers . Expires 05/02/00
              Call Now to book your Tee-Time.  281-358-1155.
                                    OR
                            **XL 2000 Special**
                 Monday thru Friday-Anytime $20 per player
           Saturday, Sunday & Holidays-After 12pm $30 per player
                 Golf invitation good for up to 4 players.
                 Receive 1/2 Cart, Green Fee, Range Balls
                   plus a sleeve of XL 2000 Golf Balls.
           Must present e-mail invitation prior to registration.
       Not valid with other offers or tournaments. Expires 05/02/00
                      Call Now to book your Tee-Time.
                               281-358-1155.

                          **Golf Lesson Special**
                             Lessons Save $15
              Buy two or more lessons and save $15 per lesson
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                           -May Spring Clinics -
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                             What's Happening?
                  -Senior Tournament every Monday morning
                 -Ladies League starting Tuesday mornings
              -Skins Game every Wednesday Afternoon @ 1:00pm
            -Kingwood Cove Golf Association Monthly tournaments


Susan:  You may be aware of this database already.  I remembered it but as
Nony's message indicates below, I think I lost the link.  We need to keep
this link in mind (as well as updates since Alan has just updated Japan, for
example) when identifying resources for swap lawyers.  I'll schedule a short
meeting for us to recap soon.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/09/2000
08:43 AM ---------------------------

Nony Flores
03/08/2000 06:36 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Japan and ECT Legal Jurisdictional Database

Sara - I will make copies of the updates to the Japan legal survey and
deliver them to you in the morning.  If you already have access to the Enron
Europe Jurisdictional Library, Alan must be talking about the Jurisdictional
database which contains all of the original surveys from 1996 and 1997 that
you and him worked on.   I recall that you were having computer problems at
some point and you might have lost the link to the database, but here it is
>>> >.

Thanks.
Nony

---------------------- Forwarded by Nony Flores/HOU/ECT on 12/22/98 09:41 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Alan B Aronowitz                           12/09/98 04:07 PM

Sent by: Nony Flores
To: Yao Apasu/HOU/ECT@ECT, Alan B Aronowitz/HOU/ECT@ECT, Gareth
Bahlmann/HOU/ECT@ECT, Teresa G Bushman/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT,
Mary Cook/HOU/ECT@ECT, Shonnie Daniel/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Kenton L Erwin/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT,
Barbara N Gray/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Monica Jordan/HOU/ECT@ECT, Dan
-ECT Legal- Lyons/HOU/ECT@ECT, Travis McCullough/HOU/ECT@ECT, Janice Moore,
Kristina Mordaunt/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, Michael A
Robison/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, Lance Schuler-ECT Legal/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Anita B
Suson/HOU/ECT@ECT, Mark - ECT Legal Taylor/HOU/ECT@ECT, Sheila
Tweed/HOU/ECT@ECT, Stephen W Van Hooser/HOU/ECT@ECT, Ann Elizabeth
White/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT, Peggy Banczak/HOU/ECT@ECT,
Peter del Vecchio/HOU/ECT@ECT, Ronald W Haggerty/HOU/ECT@ECT, Gerald
Nemec/HOU/ECT@ECT, Doug Pedigo/HOU/ECT@ECT, Stuart Zisman/HOU/ECT@ECT, Brent
Hendry/HOU/ECT@ECT, Alan Black/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Michael
R Brown/LON/ECT@ECT, Mary Nell Browning/LON/ECT@ECT, Jon Chapman/LON/ECT@ECT,
Mark Elliott/LON/ECT@ECT, Mark Evans/LON/ECT@ECT, Robert Quick/LON/ECT@ECT,
Scott Sefton/LON/ECT@ECT, Paul Simons/LON/ECT@ECT, Tim
Underdown/Stockton/TS/ECT@ECT, Sasha Beard/LON/ECT@ECT, Lin
Richardson/LON/ECT@ECT, Meagan Brinkworth/LON/ECT@ECT, Carmel
Comiskey/LON/ECT@ECT, Sharon Taylor/Stockton/TS/ECT@ECT, Peter
Keohane/CAL/ECT@ECT, Chris Gaffney/CAL/ECT@ECT, Nella
Cappelletto/CAL/ECT@ECT, Martin Rosell/OSL/ECT@ECT, Susanne
Lindgren/OSL/ECT@ECT, Karen E Jones/HOU/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT,
Christian Yoder/HOU/ECT@ECT, Jan M King/HOU/ECT@ECT, Anita Fam/SIN/ECT@ECT,
Angeline Poon/SIN/ECT@ECT, Genia FitzGerald/HOU/ECT@ECT, Linda R
Guinn/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT, Mary
J Heinitz/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT,
Robert Walker/HOU/ECT@ECT, Lisa Wheeler/HOU/ECT@ECT, Kay Young/HOU/ECT@ECT,
Merrill W Haas/HOU/ECT@ECT, Debra Perlingiere/HOU/ECT@ECT, Susan
Flynn/HOU/ECT@ECT, Mary Ogden/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT, Erica
Braden/HOU/ECT@ECT, Sheri L Cromwell/HOU/ECT@ECT, Janet
Dobernecker/HOU/ECT@ECT, Teddie Hamra/HOU/ECT@ECT, Robin M
Jordan/HOU/ECT@ECT, Stephanie McMurray/HOU/ECT@ECT, Linda J
Noske/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT, Sylvia T Sauseda/HOU/ECT@ECT,
Becky Tlucek/HOU/ECT@ECT, Brenda Whitehead/HOU/ECT@ECT, Wende
Warren/HOU/ECT@ECT, Joya Davis/HOU/ECT@ECT, Joyce Dorsey/HOU/ECT@ECT, Twanda
Sweet/HOU/ECT@ECT
cc:
Subject: ECT Legal Jurisdictional Database

Since 1996 ECT Legal has engaged and directed local counsel in certain
targeted jurisdictions in the Asia-Pacific, Latin America, Middle East and
the Caribbean regions for the purpose of conducting a survey of (and
compiling survey results for) a range of legal/regulatory and tax issues.
These issues were those relevant to ECT,s potential business activities as
identified by the business groups for the regions prior to conducting the
survey.

These surveys have been primarily utilized by the Emerging Markets, Financial
and Physical Trading Legal Groups and hard copies are kept in the Houston,
Singapore and London offices.  However, we are happy to report that "soft
copies" of these surveys are now available "on-line" to ECT Legal.  We have
developed a Jurisdictional Document Library Database with "read-only" access
for all users.   By way of background, ECT Legal prepared these summaries
based on extensive written legal opinions issued to ECT Legal by each local
law firm in response to ECT Legal,s memorandum presenting the survey issues
to be answered.  The ECT Tax Department assisted with identifying and
reviewing the tax issues covered in the surveys.   The surveys include 15
Asia-Pacific countries, 1 Middle East country, 13 Latin American and
Caribbean countries.

Please finish reading this memo, and then CLICK this doclink and the data
base icon will appear on your Notes Desktop  >>>> .  Click on the view titles
in the navigator to switch between the views.  When you close out of the data
base, the icon will remain on your desktop for future reference.

The legal surveys have been categorized by:

Region  Asia-Pacific, Latin America, Middle East, Caribbean
 (A European Jurisdiction Database is also under development by the Enron
Europe Legal Group to compile legal surveys in the following subject areas of
Financial Trading, Gas Trading, Power Trading, and Global Products.  The
format for the Europe Jurisdictional Database has been synchronized with this
Database so they each can be used interchangeably.  Contact Sasha Beard if
you would like access to the Europe Jurisdictional Database.

Country Australia, Guam, Hong Kong, India, Indonesia, Japan, Malaysia, PRC,
Philippines, Singapore,  South Korea, Sri Lanka, Taiwan, Thailand, and Vietnam

 Brazil, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Mexico, Panama,
Peru, Venezuela, Puerto Rico, Trinidad, and Netherlands Antilles

 Egypt

Law firm The names of all the law firms involved in the legal surveys for
these regions appear in alphabetic order.

Document type Physical and Financial Trading
 ECT Legal Memorandum to Counsel
 Brief Summary of the highlights of the survey results for each of the
targeted jurisdictions - divided into two parts--derivatives/financial
services and physical energy services
 Legal Opinion rendered by local counsel
 Law Exceptions
 Surveys prior to 1996

Please bear in mind that the survey contains proprietary information of ECT
and is not to be reproduced, copied or disseminated without the prior written
consent of a member of the ECT Office of General Counsel.

We envision that this database will eventually include all other foreign
jurisdictions that are similarly surveyed in the future.  This data base is
not limited to Trading legal matters.  It can easily be supplemented to
include legal memoranda and opinions related to domestic issues or to
accommodate other areas relevant to the businesses supported by ECT Legal.
If your group has been involved in similar surveys and would like to
incorporate such data into the Jurisdictional Library Database, please let
Nony Flores know.

If you have any questions regarding the survey or other available
information, please do not hesitate to contact me or Nony Flores.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/19/2000
01:50 PM ---------------------------

"John D. Martin" <J_Martin@baylor.edu> on 09/19/2000 10:37:37 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Here's a list of materials

Vince,

Here is my list of collected materials.  I would like to get copies of your
papers on risk management as well (can you send me cites?)

Look forward to talking with you next week.

Your friend,

John
 - Enron Corporation Paper.doc

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


Return-Path: <abraham5@flash.net>
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Please help to spread the word to all MOP  members.
?
Rev. Jacque' has requested that we each  write down and bring our personal
prayer  requests to class on Monday.? Anonymous?requests are fine--just
write?them down and bring them to class.? If you will not be in class,
please place your requests in an envelope and give them to Rev. Jacque' on
Sunday (or another MOP member).
?
Thanks
Bonnie


---------------------- Forwarded by Jim Schwieger/HOU/ECT on 11/20/2000 02:03
PM ---------------------------

"Mark Woita" <fhlbnebraska@uswest.net> on 11/20/2000 01:27:12 AM
To: <fhlbnebraska@uswest.net>
cc:
Subject: Election Fun !!

For some election fun, click on the web site below!
-Mark

 http://www.colonize.com/warp/index.html


Reminder, the meeting with John to discuss Williston Basin is scheduled for tomorrow Friday, September 21 @10:30 in EB3308.  Mark, I will call you at your desk.

Thank you
Loretta

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Wednesday, September 19, 2001 3:29 PM
To:	Brooks, Loretta
Subject:	RE: Meeting

I am available anytime tommorow or Friday.  Barry Tycholiz is also available anytime those days.

 -----Original Message-----
From: 	Brooks, Loretta
Sent:	Wednesday, September 19, 2001 1:16 PM
To:	Whitt, Mark
Subject:	Meeting

Please call me in regards to a meeting I need to setup between you and John Lavorato to discuss Williston Basin.  Right now I am unable to call the Denver office..

Please inform me of your availability.

Thanks
Loretta


My article "The Gas-Fired Future: Boom or Bust?
Last year brought prices not seen for decades. So consumers will buy less
gas, just as before, and send forecasts out the window." was just published
in April 1, 2001 issue of Public Utilities Fortnightly.

If you would like to receive a reprint when I receive them send me your
address.

Best regards,

JHHerbert


Talked to Mark Hodge from the PX this morning regarding the charges on our
statement.  He said that the daily block forwards transaction fee has been
waived for July and Aug. (.02 transaction charge).  However, the tariff was
changed on May 2nd that increased the settlement (aka clearing) charges to
.03 per mwh per day.

I asked him why the daily block forwards are so expensive when we get the .01
charge as a preferred customer on the term block forwards.  He said it's
because of the costly bookout process.  I told him we do financial onlys, but
not bookouts, and restated that .03 is more expensive than brokers.  He said
that because the tariff filing of .03 was the maximum, these fees can be
negotiated away from the .03 max., especially since we don't add to the costs
of bookouts.   So, whoever among us is the queen or king of daily block
forwards, or our block forward accounts in general, I suggest we do negotiate
a lower rate on the daily schedules.

Both Brett and I tried to access the tariff on the PX website, but we
couldn't read it.  So, if someone has better clearance or web tools than us,
please let us know so we can update ours.


Weather Headlines
Wednesday January 23, 2002
Record warm temperatures may develop over much of the East this period
while a few cold records could be set in the West. Highly energetic pattern
continues into the medium range period.
The short term temperature forecast looks very straight-forward. A broad
ridge off the Atlantic Coast and the subsequent SW flow of air into the
Eastern half of the country assures a continuation of unusually warm air.
It may peak this weekend with a lull in the storm activity promoting less
precip and more sunshine. Widespread 20-30 above normal temperatures may
occur for a day or two. It would be that warm now if not for the large area
of clouds and rain showers in the East today. Another wave of low pressure
will develop on this weak front adding additional rains to the mix. Farther
South into the Tenn and Ohio Valleys this rain may get heavy. You will have
to go well North into New England to find any measurable snow. Or, you
could head West where a Pacific onshore flow and enough cold air reside for
snow that could be measured in feet in the higher elevations. The trough to
develop in the West looks quite strong. Most models seem to indicate the
current moderate chill will be enhanced late in the period. This may set
the stage for a few record lows through the interior by early next week.
Some of the more extreme solutions bring enough cold air to the coast for
snow in Seattle and Portland. Its possible, but I am not ready to commit to
that yet.
I continue to see private forecast indications of a turn to colder weather
in the 6-10 day outlook and just beyond. The latest NWS 6-10 and 8-14 day
outlooks keep the current regime going. Frankly, I see little to argue with
there. The models do seem to edge some arctic air into the Interior NW and
Northern Plains which seems reasonable. I also believe some cooling is in
order for the East given the potential for record breaking warmth in the
short term. Any front should accomplish this. The storm track from the
Pacific into the Southern Plains and NE still appears active during the
period. January can still produce snows in our Northern latitudes even if
the period averages out above normal. But, these systems still have more
rain in them than snow. Most of the signals I look for to bring a
meaningful cold deep into the U.S. just aren't there. About the only one
that is there is arctic air itself lurking across the border. Some years
that would be enough to forecast it Southward, but this is not one of those
years. As a result, I'll keep an above normal bias for now into the first
week of February for the East while a below normal bias remains in the
West.
For the period Wednesday January 23 through Sunday January 27, expect the
following temperature trends:
Average 4 to 6-degrees below normal: Intermountain West, Desert SW,
California...
Average 1 to 3- degrees below normal: Pacific NW...
Average 1 to 3-degrees above normal: Southern Plains and Rockies...
Average 4 to 9-degrees above normal: Gulf Coast, Southeast, Central Plains,
Mississippi Valley, Northern and Central Rockies...
Average 10 to 15-degrees above normal: Northern Plains, Great Lakes, Ohio
Valley, Mid-Atlantic, Northeast...
Andy Weingarten, Meteorologist APB Energy / True Quote


Beth Perlman has fleshed out an idea for maximizing value for creditors of the Enron Estate that I believe has a lot of merit.  As you may know, one of our business goals within Enron Net Works in 2001 was to commercialize mid and back office services.  With the money and talent that has been poured into Enron's trading operations systems and processes, we believed that there could be market demand for these services.  Ironically enough, we had secured our first services customer and were to begin providing these services on December 1.  Understandably, the customer became concerned during November and the deal was shelved.  Our experience was that there was much interest in mid and back office services (coupling our systems and our people), but that the major drawback in the marketplace was that it was indeed Enron that was offering these services.  The market place didn't want us to "win again" as Enron.

Obviously, the world has changed.  While effort is currently focused on the formation of Netco and how to realize value from remaining contracts within EGM, EIM, EA, EES, etc., I think that we would short-change the Estate if we did not bring the idea of a services company to at least the proposal stage in order to evaluate its potential value for the Estate.  The idea would be to form this services company with a consulting firm, which could provide some capital, additional resource pool and a ready sales channel.  With the potential of spin-off companies from Enron and with former Enron employees taking jobs with other firms, many doors would be opened for this "independent" services company to provide services.  Servicing the Enron Estate could be the first engagement for this services company.  Depending upon the structure of the deal, benefits to the Enron Estate could be reduced costs for systems and services, perhaps a cash inflow from the purchase of the CommodityLogic tools,  the possibility of some revenue stream from other services engagements, etc.  Another important aspect of this idea is that for the systems and operations professionals, this would create a true career opportunity - a service bureau offering through an established consulting firm - making it much more likely that these people could be retained.

Beth and I met with a consulting firm today to explore the concept.  There is definite interest, so we discussed the idea with Greg Piper today.  We asked him for clarification around the Netco agreement regarding systems, and I believe that he has copied you on a note to Anne Koehler regarding this.  Our ability to process transactions is one of Enron's assets, and our hope would  be that we are not limiting the full realization of value around that asset in the way that the Netco agreement has been drafted.

The next step would be to have the consulting firm conduct a short due diligence process so that a proposal could be presented for the Estate's consideration.  Beth and I would like to move forward with the proposal stage.  It would be helpful to know your view on the process which would have to be followed to consider the proposal.  If we as Enron felt that there is merit to the proposal, would there simply be an approval process with the Creditor's Committee and the Court?  Would there have to be some sort of open bidding process on the proposal?  To set expectations within the consulting firm, it would be good to be able to give them a feel for the process.

Your thoughts on this idea in general would be welcomed as well.  --Sally


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Heidi,
I am sending you my interpretation of what BBC is owed for the Feb NYSEG Gas.
John


no interest.

Johnny Palmer@ENRON_DEVELOPMENT
12/19/2000 05:18 PM
To: Jeffrey A Shankman@ECT
cc:
Subject: David Stephan Resume

Jeff,

Please inform me of your interest in David's experience.

Thanks,
Johnny
54017


thanks.

-----Original Message-----
From: Geaccone, Tracy
Sent: Tuesday, November 27, 2001 12:43 PM
To: Howard, Kevin A.
Subject: RE: NNG revenue backup

I hope to have before the end of the day.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Please forward to Gov't Affairs group.

	Enron North America Corp.

	From:  Tammy R Shepperd                           10/17/2000 08:07 AM

To: Laura Luce/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: ENA Power Strategy

Attached are the materials that were presented at the Power Strategy meeting
Monday.

Tammy Shepperd
x36589


-----Original Message-----
From: 	Whiting, Greg
Sent:	Friday, December 07, 2001 3:01 PM
To:	Zipper, Andy
Cc:	Hodges, Georgeanne
Subject:	COF Curves for Andy Zipper.xls

Andy,

Here is the curves that were used to calc the 9/30 Cost of Funds for EWS.

				Greg x35399


Shirley,

Thanks.

Vince

Shirley Crenshaw
08/21/2000 10:09 AM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT,
Tanya Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT,
Maureen Raymond/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo
Issler/HOU/ECT@ECT, Patricia Tlapek/HOU/ECT@ECT, Amitava
Dhar/Corp/Enron@ENRON, Alex Huang/Corp/Enron@ENRON, Kevin
Kindall/Corp/Enron@ENRON, Kevin G Moore/HOU/ECT@ECT, Clayton
Vernon/Corp/Enron@ENRON, William Smith/Corp/Enron@ENRON, Jose
Marquez/Corp/Enron@ENRON, Samer Takriti/Corp/Enron@Enron, Chonawee
Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Tom
Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Sevil
Yaman/Corp/Enron@Enron, Sofya Tamarchenko/NA/Enron@Enron, Bob
Lee/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Guiseppe
Paleologo/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT, Anita
DuPont/NA/Enron@ENRON, Youyi Feng/NA/Enron@Enron, V Charles
Weldon/HOU/ECT@ECT, Shane Green/HOU/EES@EES, Yana Kristal/Corp/Enron@ENRON
cc:
Subject: Colored Printer Taj Mahal

Hello everyone.

This memo only applies to the Research group on the 19th floor that use
the colored printer "Taj Mahal".

Vince has requested that I ask each of you to only use the colored printer
"Taj Mahal" for presentations, newsletters, etc. that require at least 90%
of color.  These cartridges are very expensive and several times we have
picked up a copy of something that only had color on the first page and it
would be maybe 15-20 pages long.  This is not cost effective.

If you have something that has color on the first page, but not on the rest
of the presentation, then please just print the first page on the color
printer
and the rest on "Bandit" or "Wagon".

Your help will be greatly appreciated!

Thanks!

Shirley


Hi Bob,

Here are some notional sales prices at the Chicago City gate starting with calendar year 2003.  Of course, these prices are probably already old, as the NYMEX went up a little this afternoon, but nevertheless, they should at least give you some idea.

I'll gladly update these prices for you whenever you give me the word (we can update them fairly quickly).

Year 2003			$.3.355

Year 2004			$3.45

Year 2005			$3.54

Year 2006			$3.62

Year 2007			$3.71

Year 2008			$3.81

As far as a publication such as PIRA, that Enron would recommend, we really aren't comfortable making recommendations as such.

Regarding our electronic trading platform EnronOnline, I would like to spend a few minutes via the telephone, walking you through the steps to access that program (forms to be electronically completed).    I think you will enjoy having access to this tool, so let's set up a time.

P.S. Would you be trading under the entity, Corn Products, International, or another entity?  If it is Corn Products International, then we can proceed rather quickly.  I'd also like you to start looking at our ISDA agreements (International Swap Dealers Association), so that when you are in a position to trade financially, we have all the contracts in place.

Please reply when you have a moment.

Thanks


Clement attached is another guaranty that I would request you arrange
execution on behalf of Enron Corp. It is in favour of  Westpac Banking
Corporation and follows the exact form of a guaranty provided Westpac last
month in respect of a Westpac/ENA  ISDA Agreement.


Sounds good.


This term sheet relates to a new deal of Mark Bernstein's.  We haven't
responded to it yet.  I suspect you will be consulted about it soon, so I
thought I would give you a heads up.  Roger and Herman have heard a bit about
the project, and Joe D has been briefed.

Looks like more for TurboPark.

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 01/22/2001 04:32
PM ---------------------------

"Henneberry, Lisa G." <LHenneberry@ssd.com> on 01/15/2001 07:38:03 AM
To: "'mark.bernstein@enron.com'" <mark.bernstein@enron.com>,
"'kay.mann@enron.com'" <kay.mann@enron.com>, "'jude.rolfes@enron.com'"
<jude.rolfes@enron.com>
cc: "Ragals, Jr., William C." <WRagals@SSD.COM>

Subject: FW: Draft Coop City Term Sheet

It looks as though this did not go through the first time.  My apologies for
the delay.

Lisa G. Henneberry
Squire, Sanders & Dempsey L.L.P.
1201 Pennsylvania Avenue, N.W.
Washington, D.C. 20004
(Tel)  202-626-6640
(Fax) 202-626-6780
LHenneberry@ssd.com
www.ssd.com <http://www.ssd.com>

>  -----Original Message-----
> From:  Henneberry, Lisa G.
> Sent: Sunday, January 14, 2001 10:24 PM
> To: mahonl@pbworld.com; losi@pbworld.com; mark.bernstein@enron.com;
> kay.mann@enron.com; jude.rolfes@enron.com
> Cc: White, Robert I.; Ragals, Jr., William C.; Levey, Kevin S.;
> axz@dmlegal.com; mdc@dmlegal.com
> Subject: Draft Coop City Term Sheet
>
> Further to our discussions last week, attached is a preliminary draft of
> the term sheets for the development of the Coop City project, including
> indicative terms for EPC, O&M, and Asset Management.  Since we haven't yet
> discussed the terms in any significant detail, the attached remains
> somewhat general with respect to some items and includes significant
> assumptions with respect to other.  Nonetheless, it is a starting point
> for our discussions next week.
>
> As discussed last week, for the sake of expediency, this draft is being
> distributed simultaneously to all parties and has not been separately
> reviewed by my clients.  It therefore remains subject to internal review
> and comment.
>
> Next week's meeting has been scheduled at our offices in New York,
> beginning on Wednesday, January 17 at 1:30 p.m. until Thursday afternoon.
> Our offices are located at:
>
> Squire, Sanders & Dempsey L.L.P.
> 350 Park Avenue, 15th floor
> New York, NY
> Tel:  212-872-9800
> Fax: 212-872-9815
>
> We look forward to seeing you then.  In the meantime, should you have any
> questions, please do not hesitate to contact me.  Best regards.
>
>  <<Co-OpCity-TermSheet-0112.doc>>
>
> Lisa G. Henneberry
> Squire, Sanders & Dempsey L.L.P.
> 1201 Pennsylvania Avenue, N.W.
> Washington, D.C. 20004
> (Tel)  202-626-6640
> (Fax) 202-626-6780
> LHenneberry@ssd.com
> www.ssd.com <http://www.ssd.com>
>

 - Co-OpCity-TermSheet-0112.doc


Attached for your redlining pleasure is a copy of the draft we
circulated at the end of today's meeting, with modifications suggested
following the meeting in Sections 1.2 and 4.1.3.

 - draft issues outline 061101.doc