eSource presents Lexis-Nexis training

ADVANCED

This session will cover advanced searching tips.  It will also cover using
Smart Indexing to narrow your search results.  Find out how to customize your
desktop for easier searching.

Attend our Lexis-Nexis Advanced Clinic:

May. 18     8:30 - 10:00 AM    EB572

PUBLIC RECORDS

Lexis-Nexis is the premier provider of public record information.  We will
learn about materials available to you including Secretary of State Filings
and DBA's, UCC filings, Bankruptcies, and Property Records.  If you are doing
due diligence on companies, especially smaller ones, this is a session you
will want
to attend.

Attend our Lexis-Nexis Public Records Clinic:

May. 18    10:30 AM -12:00 NOON      EB572

Seats fill up fast! To reserve a seat, please call Stephanie E. Taylor at
5-7928
Cost $25.00 Per Person
No Shows will be charged $50.00
* Please bring your Lexis-Nexis login ID and password. If you don't have one,
a guest ID will be provided.

Check the eSource training page at http://esource.enron.com/training.doc for
additional training sessions and vendor presentations.

http://esource.enron.com


EnronOnline passes one million transactions.  Woohoo!

Also in this issue:
Enron.com -- it's fabulously new and improved!
How Enron likes Bush's new energy policy
California update
What's going on in the French wholesale market?
Learn about caps -- not the ones you wear, of course.
What do Frank Gehry and Enron have in common?
Jeff leads in a dangerous time

It's all in the latest eBiz.  Go to home.enron.com, click Publications, then click eBiz, and "eBiz May 25, 2001."


Click on this icon to have access to the New Power Contracts database.  If it
does not work, let me know.
Please add your comments when you feel the need for legal tracking purposes
or if you want to show a record of a discussion with a CP or Enron person.


Guys, can you give me an update on what this deal is about - e-mail would be
fine?

Regards
Delainey


Thanks,

Errol McLaughlin


Hi Hunter,

I tried sending you an email earlier but I didn't have
the right address.  How are things?  I am still
looking for a job.  I have attached a copy of my
resume to this email.  If anything comes your way
could you please let me know.  I am not necessarily
fixated on trading.  It would be optimal but I will do
anything else for now.
Thank you for everything,

Dayem

__________________________________________________
Do You Yahoo!?
Send FREE video emails in Yahoo! Mail!
http://promo.yahoo.com/videomail/
 - Dayem_Khandker.doc


Frank:
Susan Scott, Larry's risk manager, will compile and send you a spreadsheet of
total p&l minus new deal p&l since June 1.   Can you review this data and
compare it to the respective VAR numbers for these dates.  I think you will
see the VAR numbers way overestimate his p&l volatility.
John

	Enron North America Corp.

	From:  Frank Hayden @ ENRON                           07/14/2000 05:17 PM

To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re Larry May - REVISED

John,
I apologize for the delay in responding, I was in class today.
We are having difficulty backtesting Larry May's VaR.   It looks as if during
the month of June, the book administor  loaded the spreadsheets into ERMS but
assigned multiple master deal ID's.  (the code is "NG-OPT-XL-PRC")
For example Larry May is showing the following during the month of June:
June 1st  $797 million dollars loss
June 2nd +192 million dollars made
June 5th $300 million dollars made... (etc..)

This problem makes it impossible to backtest....

Second, regarding a different approach, the immediate solution was the
allocation of an additional $5 million dollars of VaR, thereby temporarily
increasing your limit to $45 million.  This limit increase is in effect until
July 26th.  The game plan is that during this time period, a better solution
can be devised.....

I hope this helps.
Thanks,
Frank

John Arnold@ECT
07/14/2000 02:33 PM
To: Frank Hayden/Corp/Enron@Enron
cc:

Subject:

Frank:
Just following up on two topics.
One: Larry May's book continues to run at a VAR of 2,500,00 despite the fact
his P&L is never close to that.  Can you check that his exotics book
positions are being picked up in his VAR calcs.

Second:  Have you looked into applying a band-aid to the understating longer
term Vol problem until we change formulas?

John


On 3/23/02, Helen called the on-call for Tescott concerning a hi gas detection
    alarm she'd received at the station. Gary went out to check the alarm and found
    out that the pre-lube oil pump on unit 5, which is gas powered, was leaking which
    caused the alarm. Parts for this unit may not be available until next Monday which,
    in turn, means unit 5 will be unavailable until then. Gary confered with Kim on this
    and relayed to us that if any compression is needed on the high side unit 3 is ready
    and can be switched over for us at any time.

    Crandal


Got your voice mail message.  Just email your list to me.  Thanks,

Kim


Shirley,

Please, send him a copy of the book and reprints.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/25/2000
05:21 PM ---------------------------

Vince J Kaminski
05/23/2000 06:26 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: address

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/23/2000
06:28 PM ---------------------------

Keith Alan Baggerly <kabagg@stat.rice.edu>@stat.rice.edu on 05/23/2000
09:46:41 AM
Sent by: kabagg@stat.rice.edu
To: Vince.J.Kaminski@enron.com
cc:
Subject: address

Vince,

thanks for chatting with me yesterday! Just a brief note
about info we talked about that I would find useful:
a) your papers
b) the latest version of Managing Energy Price Risk
c) data

thanks!
Keith

my address is:

Keith Baggerly
4038 Drummond
Houston, TX 77025


Start Date: 4/12/01; HourAhead hour: 3;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041203.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 3 / Preferred:  47.00 / Final:  46.99)
  TRANS_TYPE: FINAL
  SC_ID: ECTstSW
  MKT_TYPE: 2
  TRANS_DATE: 4/12/01
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: EPMI_CISO_8000
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 3 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/12/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_DODGERS
  ENGY_TYPE: WHEEL

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 3 / Preferred:  42.49 / Final:  42.46)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/12/01
  SC_ID: EPMI


We have been downgraded by S&P to junk status, our bonds are trading at about $0.20.  The stock is down to $3 and dropping.

-----Original Message-----
From: Hayslett, Rod
Sent: Wednesday, November 28, 2001 10:11 AM
To: Campos, Kathy
Subject: Re: How are you feeling?

What is te stock price doing?  Has there been any announcements on the Dynegy deal?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


FYI
---------------------- Forwarded by Kate Symes/PDX/ECT on 02/20/2001 04:02 PM
---------------------------

Mary Jane Symes <marys@tvapdx.com> on 02/20/2001 09:39:17 AM
Please respond to "marys@tvapdx.com" <marys@tvapdx.com>
To: "'kate.symes@enron.com'" <kate.symes@enron.com>
cc:

Subject:

Hi Kate,
 Here is the name of the organization I thought Molly might be interested in.
Oregon Natural Step
  (a project of the Northwest Earth Institute)
  506 SW 6th Avenue, Suite 1100
  Portland  OR  97204
  503.241.1140
  fx.503.241.7429
I have more information about them if she's interested.
How was your party?
MOM


FOM New Power numbers.
---------------------- Forwarded by Chris Germany/HOU/ECT on 09/25/2000 12:09
PM ---------------------------

Dave Scott@EES
09/22/2000 04:53 PM
To: New Power Daily Requirements
cc:
Subject: October 2000 FOM Requirements

Attached are preliminary 10/1/2000 requirements.  Please review the comments
tab.

David


Hi.  I read Karl's ruling on the contracts.  Just about had it with that bozo.  I'm assuming that the customers are going to resist?


---------------------- Forwarded by Kayne Coulter/HOU/ECT on 11/13/2000 07:23
AM ---------------------------

	From:  Christi L Nicolay                           11/10/2000 03:15 PM

To: Richard Shapiro/NA/Enron@Enron, Sarah Novosel/Corp/Enron@Enron, Joe
Hartsoe/Corp/Enron@Enron, Jeff Brown/NA/Enron@Enron, Bill Rust/HOU/ECT@ECT,
Ben Jacoby/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Mike J
Miller/HOU/ECT@ECT, John Moore/Corp/Enron@Enron, Debbie
Chance/Corp/Enron@Enron, Patrick Hanse/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Edward D Baughman/HOU/ECT@ECT,
Tom Dutta/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT, Tom Hoatson/NA/Enron@Enron,
Janine Migden/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Marchris
Robinson/NA/Enron@Enron, John Moore/Corp/Enron@Enron, Bill
Moore/NA/Enron@Enron, Robin Kittel/NA/Enron@Enron, Jeffrey M
Keenan/HOU/ECT@ECT, Richard Ingersoll/HOU/ECT@ECT, Charles Yeung/HOU/ECT@ECT,
Shelley Corman/ET&S/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Lloyd
Will/HOU/ECT@ECT, Maria Valdes/Corp/Enron@Enron, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Bob
Carter/HOU/ECT@ECT, Chris Gaffney/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT,
Sheila Tweed/HOU/ECT@ECT, Oscar Dalton/HOU/ECT@ECT, Dave
Mangskau/Corp/Enron@Enron, Kerry Stroup/DUB/EES@EES, Greg
Krause/Corp/Enron@Enron, Raimund Grube/Corp/Enron@ENRON, David L
Fairley/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Steve
Krimsky/Corp/Enron@Enron, Richard Lydecker/Corp/Enron@Enron, Mary
Hain/HOU/ECT@ECT, Fred Mitro/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT,
Richard Lydecker/Corp/Enron@Enron, Tom Chapman/HOU/ECT@ECT, Tom
Delaney/Corp/Enron@ENRON, Steve Walton/HOU/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Rebecca Walker/NA/Enron@Enron, Reagan
Rorschach/NA/Enron@Enron, John Berger/HOU/EES@EES, Alan Larsen/PDX/ECT@ECT,
Rusty Stevens/Corp/Enron@ENRON, Dave Kellermeyer/HOU/ECT@ECT, Mathew
Gimble/HOU/ECT@ECT, Ron Tapscott/HOU/ECT@ECT, Michelle Zhang/HOU/ECT@ECT,
Susan M Landwehr/NA/Enron@Enron, Roy Boston/HOU/EES@EES, Aleck
Dadson/TOR/ECT@ECT, Joe Connor/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron,
Robin Kittel/NA/Enron@Enron, Karen E Carter/NA/Enron@Enron, Chris
Booth/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Barbara N
Gray/HOU/ECT@ECT, steve.wang@enron.com, ebaughm@enron.com,
terri.clynes@enron.com, oscar.dalton@enron.com, doug.sewell@enron.com,
kcompea@enron.com, mike.e.kelly@enron.com, gary.justice@enron.com,
patrick.hanse@enron.com, ozzie.pagan@enron.com, heather.kroll@enron.com,
david.fairley@enron.com, ray.hoppe@enron.com, george.mccormick@enron.com,
wjennin@enron.com, joseph.wagner@enron.com, elizabeth.johnston@enron.com,
bill.rust@enron.com, Kevin M Presto/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT, Janet R
Dietrich/HOU/ECT@ECT, Mike J Miller/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT,
George Hopley/HOU/ECT@ect, Fletcher J Sturm/HOU/ECT@ECT, Robert
Benson/Corp/Enron@ENRON, Jeff King/Corp/Enron@Enron, Larry
Valderrama/HOU/ECT@ECT, Peter Makkai/NA/Enron@Enron, Larry
Jester/Corp/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Mike
Carson/Corp/Enron@Enron, Kyle Schultz/HOU/ECT@ECT, Eric
Saibi/Corp/Enron@ENRON, Grace Kim/NA/Enron@Enron, Laura
Podurgiel/HOU/ECT@ECT, Mitch Robinson/Corp/Enron@Enron, Kayne
Coulter/HOU/ECT@ECT
cc: James D Steffes/NA/Enron@Enron
Subject: FERC Staff Investigations on Midwest and Southeast Bulk Power Systems

On 11/1/00, FERC Staff issued reports on its Investigation of Bulk Power
Markets in the Eastern Interconnection.  These reports were the result of a
Commission order earlier this summer.  Enron's Federal regulatory staff
(Christi, Charles Yeung, and Sarah Novosel) provided a great deal of
information for this investigation and Joe Hartsoe and Donna Fulton discussed
many of the problems with the grid with the new head of Staff, Scott Miller
(who recently joined FERC from PG&E Gen).    While the Commission is under no
obligation to take any of Staff's recommendations, the Commission typically
looks to Staff for guidance on transmission and market issues.  Importantly,
Staff concludes that the Commission should consider these options for the
Southeast and Midwest -- all of which Enron has been asking FERC to implement
for several years:

Reduce the advantages of network service over point to point service by
requiring that native load be served under the same tariff as other
transmission services to eliminate the current incentives that VIUs have to
favor their native load through the calculation of ATC and handling of
interconnection requests.

While the Staff Hotline is used productively, the Commission can direct Staff
to conduct formal investigations into entities that have a pattern of
complaints.

The Commission could require TPs to submit tariff provisions containing a pro
forma interconnection process specific to interconnection, rather than simply
relying on the Tennessee Power order that utilizes the OATT timelines and
procedures.

Require TPs to retain real-time transmission data on market functions
pertaining to daily load, internal generation to meet that load, and imports
and exports.

RTOs should submit the basis and methods for calculating ATC and TTC, as well
as standardized criteria for curtailment.  In addition, since even such
standardized criteria might not "get to the root of the problem" -- that
control area still control generation -- the Commission could require that
each RTO set a date certain by which it will create one control area.
Regardless of the implementation of these two options, the Commission could
standardize ATC and TTC methodology.

Staff finds that while electricity is a commodity with market characteristics
similar to many other commodities, it is still viewed as "different," with a
reaction of price caps.  Staff encourages that basic decisions about the
regulatory model be made in order to complete the transition from a
traditional cost-of-service model to a model that uses markets to price the
commodity and services.

DETAILS  (Also, the reports contain good summaries of the generation,
transmission, state retail, federal reg. and other issues for the region):

Midwest:  The Midwest is dominated by vertically integrated Transmission
Providers ("TPs") that control transmission, generation and load.  "As such,
they have weak economic incentives to provide access to transmission service
to third-parties and strong incentives to favor their own services."  Staff
received numerous complaints; however, due to the lack of information
available from TPs, Staff cannot conclude whether these are isolated
incidents or wide-spread.  At the very least, the complaints indicate a lack
of confidence in the bulk power market and the ability of market participants
to rely on transmission access, thus harming the liquidity of the market.

TLRs are the most important transmission issue in the Midwest, with an
"enormous" increase in 2000.  The region showed a decline in peak load from
1999 to 2000 and a growth in new generation since the 1998 price spikes.
Even though there was an increase in generation and mild weather with
virtually no price spikes, TLRs climbed to record numbers.  The TLRs were
highly concentrated:  only 5 flowgates account for 41% of ECAR TLRs and
another 5 flowgates in MAIN account for 42% in that region.  Notably, even
though the NERC procedures for Level 3 TLRs mandate transaction curtailment,
78 of the 191 TLRs in the Midwest do not show any curtailment amount.  The
total amount of relief that these curtailments are intended to produce are
not posted.  Staff notes that TLR rules are established by NERC, whose
procedures are voluntary and not enforced by penalties.  While the Commission
has required certain NERC standards and procedures to be placed in Open
Access Transmission Tariffs ("OATT") where the Commission has the power to
enforce provisions under the Federal Power Act, in practice the Commission
has generally deferred to NERC on transmission reliability questions,
including the propriety of TLRs.

TLRs inhibit optimal functioning of the transmission system and market
because load is not served by the least cost supplier.  TLR procedure is an
inefficient instrument in mitigating constraints -- curtailment by fiat.  In
addition, the NERC IDC can result in inappropriate curtailments or increased
loading on the affected flowgate.  The impact could be mitigated by one
control area per RTO.

Staff notes that the Midwest state commissions did not petition FERC for
price caps following the 1998 price spikes.  Some market participants believe
that the absence of price spikes is the single reason that NUG construction
increased in the Midwest.

Market participants must keep track of, and follow, a plethora of information
in order to make energy deals, submit reservations and provide schedules for
service.  Staff received many complaints about barriers to transmission
access, including TLR curtailments and a lack of standardized information and
protocols, particularly for ATC and interconnection requests, and
discriminatory conduct.  Unbelievably, key data was unavailable to Staff,
such coincident peak load data, system-wide snap shots for days when TLRs
were called, and import/export data.  This lack of data creates a market
inefficiency, because neither market participants nor regulators can fully
analyze market conditions in real time.  As such, the market is risk adverse,
eschewing long-term deals for short-term transactions.  Staff also noted that
because the Security Coordinators often work for the IOU, there is a mixed
incentive to enforce reliability on the grid and maximize profit for the
IOU.  (Staff cites Richard Tabors' paper, "Transmission Markets, Stretching
the Rules for Fun and Profit.")

Staff cites the lack of information on OASIS or on the NERC web site,
particularly about real time TLRs and curtailments.  Examples were provided
to Staff of transmission refusals when there were no TLRs posted and improper
implementation of TLRs causing substantial financial loss.

The currently proposed Midwest RTOs may mitigate some problems; however, all
three retain existing control areas with the favortism for generation and
native load.  These incentives will continue to remain until the RTO
exercises complete autonomy over transmission control and security
coordinator functions.  Staff notes that the Midwest is a balkanized region
of 61 control areas with no uniform method for calculating ATC and CBM.  The
result is that ATCs can be different on 2 different sides of an interface.
Staff notes examples in inaccurate ATCs and states that Staff's own ATC audit
this summer was consistent with market participant complaints.  Staff is
weighing follow-up options.  The result of these problems is a lack of
liquidity.

Staff next noted the problems with unfiled "business practices," especially
on the next hour market.  Staff's audit of OASIS sites revealed several areas
of non-compliance.

Information transparency is necessary for a market to function efficiently,
with equal and timely access to data, including ATC, CBM, TRM, and load flow
input data.  TPs have incentives to resist efforts to make this information
transparent because of native load.  This incentive will still exist under
RTOs if utilities are allowed to calculate their own ATC.  ***  "As a
consequence, the Commission may wish to eliminate the native load exemption
and have all transactions under the same tariff."  ***  The Commission could
benefit by having access to existing transmission data and should require the
TPs to retain data, including current real-time network status.

Interconnection Issues:  IPPs need to be compensated for VAR support.  Also,
Staff cites a number of Hotline complaints about TPs seeking large deposits
or failing to complete System Impact Studies timely.  One solution is to have
the RTO handle this function to eliminate the disincentive the utilities have
against IPPs.  The current practice of requiring IPPs to deal with a wide
variety of procedures inhibits the free flow of transactions within the
region.

Network service has inherent advantages over point-to-point, citing the
Entergy source and sink order.  The Commission has relied on "passively"
receiving informal and formal complaints to determine if discriminatory
behavior has occurred rather than actively canvassing market participants.
While Staff cannot conclude that discriminatory practices are widespread,
there is evidence of discriminatory instances.

Southeast:  The traditional vertically integrated utility ("VIU") model has
largely persisted in the SE.  This continued control has vastly reduced the
economic incentives to facilitate IPP activities.  In many cases, the VIUs
have dampened IPP involvement without violating any Commission regulation due
to the inherent flexibility of the current rules.

Staff cites examples of delays in performing system impact studies,
transmission hoarding in the name of serving native load growth and
manipulation of ATC.  TPs have shown little inclination to improve the
transmission system and use many TLRs.

There is also a lack of market information that has stymied the development
of markets in the SE.  ATCs change constantly that leads to uncertainty and
there is no clearinghouse for electric power prices.

TVA, despite having taken steps to participate in reformed markets, has acted
as a bulwark against the development of competitive energy markets in the
SE.  This is significant because of TVA's size and location.  IPPs have
reported TVA's discouragement of siting in TVA through excessive time to
perform studies, excessive fees, and rejection of requests to perform
interconnection studies.

In addition, Staff cites the Florida Sup. Ct. decision against merchant
plants as significantly impeding the competitive market in Florida.

Staff discusses the significant flow of power from the Midwest to the SE this
summer.  Much of this resulted from the import of cheaper coal power, than
the use of gas fired peakers due to higher gas prices.  Peak prices were
radically lower this summer because utilities appear to have been better
prepared for peak events through the use of forward contracts, increased
generation capacity on line and reduced number of forced outages.

SE utilities reported that they have not used market-based rates to
extensively increase sales.  (Less used than in the midwest.)

The SE region lacks information, which has retarded the Staff's efforts to
discern the truth about the numerous complaints about transmission in the SE
(including ATC and TLRs).  Market participants seem to have less confidence
in the SE market than in any other market region.  This appears to be
justified based on Staff's investigations.  This lack of confidence
discourages investment and participation in the markets.  Staff concludes
that the Commission may need to be more prescriptive in terms of how
transmission is allocated in the SE RTOs, since there are market concerns
that the incumbents will continue to dominate operations.  The investigation
found numerous problems in bad ATCs and TTCs and poor OASIS postings.  In
addition, several OASIS audit logs actually erased historical data.  Staff
thinks that additional affiliate transaction information should be posted.
Staff could not obtain summer demand data and the Commission's lack of
jurisdiction over TVA made it difficult to obtain transmission access
information.

The Staff investigation revealed unclear interconnection procedures and lack
of adherence to schedules and arbitrary cost estimates and deposits.  In
addition, the TPs have reserved a huge amount of network transmission
capacity, much of it reserved shortly after the IPP approached the TP to
interconnect.  Staff cites the recent Skygen order in which Southern denied
Skygen's request for transmission stating that the only option was the
construction of an 80 mile 500 kv line that would take 8 years to complete.
Staff solutions include allowing network requests by IPPs and limiting
self-build capacity in the incumbent's territory.

ATC variations are a big problem in the SE.  SERC coordination of a
standardized ATC is a long process and may not be resolved soon without
direction from the Commission.  An improved method and improved communication
are needed.

The SE experienced a 354% increase in TLRs this summer.  This increase raises
the issue of whether curtailment has become an impediment to the competitive
operation of the market in the SE.  Staff cites information provided by
Charles Y. that an Ameren TLR was not implemented according to NERC
criteria.  Staff also wonders if transmission is being oversold since TPs do
not generally refund transmission revenues when TLRs are implemented.  RTOs
must have a broad geographic area to internalize much of the constraints.  In
addition, RTOs will adopt pricing mechanisms that obviate recourse to TLRs.
However, if control areas are retained, VIUs will retain mixed incentives.

*** As noted in the Midwest report, the manner in which load is calculated
weighs heavily on the value of this information.  This is an issue that the
formation of RTOs may not resolve.  Eliminating native load exceptions -- ie,
treating all load equally -- and placing all transactions under the same
tariff may be an option that provides the right incentives for the provision
of transparent and standardized information.

Finally, Staff describes specific problems with TVA and FP&L, TVA is a
"problem area" for the Eastern Interconnect grid.  TVA is a transmission
bottleneck due to the many TLRs called this summer.  The current federal law
and lack of Commission jurisdiction are impediments to the development of
deep and robust power markets in this area.  TVA simply has no strong
incentive to provide effective and efficient transmission service.  In
addition, the Commission does not have full information on TVA.  Staff lists
a number of complaints against TVA, including unjustifiably increasing the
tag deadline and allowing TVA Marketing, but not others, to sink and park
power.  Staff concludes that recent proposals by TVA to enhance the
development of markets and its system do not appear to have great potential.

A Staff audit of FP&L revealed violations of standards of conduct, including
confidential information on FP&L's transmission system (including interchange
information for other entities) posted on EMS systems that were available to
FPL's merchant function.  Staff's report found that FP&L does not have an
established procedure for review of EMS to ensure that information is not
displayed in error.  It is "up to individual Managers discretion."  ((FRCC
web site report dated 9/8/00)).  Violations such as these undermine
competition.

The reports are attached below.

 - southeast.pdf
 - midwest.pdf


Laura, I would like to congratulate you and your group on a very successful
quarter. Hats off to the team!!  Let me know how I can help.

Please forward to your organization as appropriate.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/11/2000
11:42 PM ---------------------------

	From:  Laura Luce @ ENRON                           07/11/2000 08:06 PM

To: Tim Hermann/Corp/Enron@ENRON, Roy Rodriguez/Corp/Enron@ENRON, Steve
Richman/Corp/Enron@ENRON, Paul Burgener/Corp/Enron@ENRON, compt@pecorp.com,
Richard Tomaski/Corp/Enron@Enron, Gregg Penman/Corp/Enron@Enron, Barbara G
Dillard/Corp/Enron@Enron, Cary M Carrabine/Corp/Enron@Enron, Russell E
Murrell/Corp/Enron@Enron, Lee Fascetti/Corp/Enron@Enron, Kevin P
Radous/Corp/Enron@Enron, Lynn Pikofsky/Corp/Enron@ENRON, Steven
Curlee/Corp/Enron@Enron, Sheila Tweed/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT, Deirdre McCaffrey/HOU/ECT@ECT, Ed McMichael/HOU/ECT@ECT
cc: Janet R Dietrich/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT,
wmorrow@pecorp.com, Hunter S Shively/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT
Subject: MEH Quarter Success

Hat's off to the group for a very successful quarter for MEH.  I graciously
commend everyone for the teamwork and perseverance displayed in tackling the
array of transactions and tasks to ensure the successful start of our new
joint business.  We continue to have many challenges ahead, but I wanted to
take pause and in particular commend the following:

Trunkline Transaction Team - Roy Rodriguez, Russell Murrell, and Steve Curlee
brought to closure a significant transaction with leveraged off many groups
in the PEC and Enron organizations.  Net transaction mark to market on behalf
of MEH was $2,286,634  with accrual and option values to be realized over the
3 year term of the arrangement.  Team work permeated this transaction and
thanks are due to 1) legal teams for PEC led by Mary Klyasheff and for ENA
led by Sheila Tweed and Jeff Hodge 2) structuring group support from Steve
Curlee,  Deirdre McCaffrey and Ed McMichael 3) Tony Compton for the
successful closure of gas supply transactions with third parties 4) to all
else who covered the many transaction closing issues and bookings.
NSS and NGPL Capacity Transaction Team - Steve Richman, Roy Rodriguez,
Richard Tomaski, Barbara Dillard and Lee Fascetti successfully proposed,
negotiated and are now managing a 3 year storage and capacity management of
approximately 18 BCF/year of NGPL no-notice storage and accompanying
transportation with realized value year to date for MEH of $1,510,459  with
an additional $1,541,835  of value to PGL ratepayers.  This transaction will
continue to be a significant asset to leverage into the intra-day market  and
our initial platform for on-line business (EOL).
Daily Optimization - Richard Tomaski, Barbara Dillard, Steve Richman, Tim
Hermann, Cary Carrabine and Lee Fascetti , diligently pursued and completed
other significant transactions for MEH totalling $1,252,584 for this
quarter.  Richard Tomaski and Kevin Radous have spent endless amounts of time
(and evenings/weekends) to ensure that MEH had a P&L to represent for the
groups hard work and my many thanks extend to both.
Business Set-up - Tim Hermann, Roy Rodriguez, Paul Burgener, Gregg Penman,
Kevin Radous, Richard Tomaksi, and Barbara Dillard have toiled diligently and
continue to proceed in contracts/policy and procedures between PEC/ENA/PGL
and third parties. Additional thanks are due to all groups within accounting,
economics, and trading within PEC and ENA in support of this new business and
we ask for your continued engagement.

Over the next month, we must get closure on the remaining requirements of
running a tightly managed and successful business venture.  We must continue
to take our ideas and strategies to financially successful commercial
operation .  Momentum is now on our side...

Thanx,

Laura


Yvan,

Enjoy!

regards,

Don


Please, grant access as requested.

Vince Kaminski
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/19/2000
03:41 PM ---------------------------
DANIEL MUSCHAR @
ENRON
09/19/2000 03:27 PM

To: Juan Padron/NA/Enron@Enron
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: access to O;...

Vince has this under control.  He will forward it to the security group.

Daniel A. Muschar

	Juan Padron
	09/19/2000 02:22 PM

		 To: Vince J Kaminski/HOU/ECT@ECT
		 cc: Daniel Muschar/AA/Corp/Enron@ENRON
		 Subject: access to O;...

vince, this e-mail is to request access to the o:/research/power
meteorlogy/weather temps/txtemps.xls file...  i was told by tech-support to
e-mail you with this request and everything would get squared away.

daniel, could you please advise on what to do next.   thank you...

juan

---------------------- Forwarded by Juan Padron/NA/Enron on 09/19/2000 02:17
PM ---------------------------
DANIEL
MUSCHAR
09/19/2000 09:14 AM

To: Juan Padron/NA/Enron@Enron
cc:

Subject: access to O;...

I called security again and here is what is happening:
this request is waiting on the approver.  Stinson Gibner:

here is the info on the user we are waiting on.

			STINSON??GIBNER
	CONTACT INFO		COMPANY INFO

Phone :	(713) 853-4748	Employee Type :	ENRON EMPLOYEE
Email :	sgibner@enron.com	Job Title :	VP RESEARCH
Location :	EB 1963	Supervisor :	KAMINSKI, WINCENTY J
Fax :	(713) 646-2503	Contract Company :	ECT RESOURCES CORP
Cellular :		Company Number :	0413
Pager :		Cost Center :	0000107043 Click here for others in Cost Center
		Cost Center Name :	NA-RESEARCH GROUP ENA
		City :	HOUSTON
bner or Vince Kaminski are the approvers for this directory


I submitted the following RCRs for CA:
Intervention in Support of Strategic Energy
Enron supported Strategic's complaint against the CA ISO, regarding its
request to require the ISO release OOM (out of market) data publicly. ENA
(Tim Belden) has always had as a number one priority, release more data
sooner, and this filing offered an opportunity promote that concept.  The
filing was made on 3/20/01.

Opposition to ISO Compliance Filing On Creditworthiness Standards
The ISO made a compliance filing that greatly expands its creditworthiness
exemptions, far beyond what FERC had ordered in its 2/14/01 order.  The ISO's
tariff language can be read to allow the utilities to count the credit status
of third parties as their own, without the third parties' approvals.  Enron
will oppose.  The filing is due 3/22/01.

Also Bracewell is making or has made the following CA filings (these are all
I know about anyway):

Tucson Electric Complaint   Intervention -- vanilla 3/19   Done for Sanders
-- no RCR
PNM Complaint   Support   3/22 Done for Sanders -- no RCR
FERC Staff Report  Support EPSA/WPTF 3/22 Plan to do for <$500
      and raise temporal issue of western resources
City of San Diego  Intervene/comment 3/28 Probably will be done for Sanders

The underscheduling filing was put on hold.  We were mistaken when we thought
that comments on an ISO proposal were due 3/22.   Instead, we've now decided
to file comments in response to the ISO's filing of tariff changes, which
should be made soon.

That's all for the rest of March, so far.  I'll be updating Jim's table on
pending FERC matters.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854


Everyone,

If you have some time today, go to http://tags.dev.corp.enron.com to look at the menu and sub-menus.  Just mouse over the main items to get a drop down of the sub-menus.  Keep in mind that we'll discuss the TAGS homepage tomorrow.  Think about other color options if you don't like the current one.  If you're considering a legal disclaimer in place of the Latin text, please come up with a draft disclaimer.

See you all tomorrow at 10am.

Sheri Luong
Corporate Systems Development
Enron Net Works
ECN1831C
(713) 345-3553


Buddy!
---------------------- Forwarded by Chris Germany/HOU/ECT on 03/21/2001 07:33
AM ---------------------------

"CustomerNotices, WGPHOU" <WGPHOU.CustomerNotices@Williams.com> on 03/19/2001
02:03:01 PM
To:
cc:
Subject: Transco - Market Area IT Availability - March 20, 2001

Media Inquiries: Chris Stockton
                 (713) 215-2010
Other Inquiries: John McGrath 713-215-2514March 19, 2001

To:     Transcontinental Gas Pipe Line Corporation Customers
        and Shippers

Re:     Market Area IT Availability  March 20, 2001

The available interruptible transportation service (IT and
secondary FT) on Transco for pipeline day Tuesday, March 20,
2001 and continuing until further notice is summarized as
follows:

Tier I and Tier II (only Sta. 90 through
Sta. 180 affected)                                      OPEN

South Virginia Lateral Compressor Station 167           144 MDt/day

Tier III (Station 180 through East)                     0 MDt/day

Leidy at Centerville Regulator Station
(Only deliveries downstream of Centerville
regulator affected)                                     OPEN

Linden Regulator Station
(Located in Union County, New Jersey)                   50 MDt/day

Mobile Bay Lateral                                      162 MDt/day

The above available interruptible transportation service
refers to deliveries into the affected area that have
receipts upstream of the bottleneck or affected area.

If you have any questions, please call John McGrath at (713)
215-2514 or Keith Chernicky at (713) 215-2655.

J. E. McGrath
Manager
Operations Planning

--------------------------ADDITIONAL X12 INFORMATION------------------------
Trans. Svc. Provider: 007933021 - TRANSCONTINENTAL GAS PIPE LINE CORPORATION
   Notice Identifier: L0103191
     Critical Notice: Yes
      Type of Notice: 8-Capacity Constraint
   Required Response: 5-No Response Required
   Resp By Date/Time: N/A
Notice Eff Date/Time: 03/19/01 13:56:32
Notice End Date/Time: N/A
              Status: 1-Initiate
 Prior Notice Ident.: N/A
____________________________________________________________________________

 - C.DTF


Sounds like an Indian chief!  Of course, the name on this LOI I just got is
Finn Swarting, which isn't much better!

	Kay Young
	04/25/2001 04:52 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Loudcloud, Inc.

No "Loud" anything.  One of the better names yet, I'd say!

	Tana Jones
	04/25/2001 03:06 PM

		 To: Kay Young/HOU/ECT@ECT
		 cc:
		 Subject: Loudcloud, Inc.

Do we have any NDAs in place with the referenced counterparty?


I tried calling you to confirm we are all square on the webtext for Northern
but can't track down your ph. number.  Please call me if there are any
problems or concerns.  Thanks for the help.  DF  402-389-7449


Jeff,

	Any chance of your providing insight on background on what's going
on at Enron. It seems to me either a lot of people know more than what has
been reported, or the debt and equity markets are overreacting terribly.

	--Mark


Sounds like fun man.  Do you ever do any bay fishing?  If you want to, let me
know and I would love to go.  I like to wade fish so that I can use my fly
rod.  I need to get my licensed renewed.  How much did you catch?
PL


Attached please find the following documents:

Thank you,

Lydia Delgado

x3-9338


As you know, I plan to speak at a conference in Santa Fe on Monday.  I have
adjusted the program so that I am no longer a "witness" who will be
cross-examined.  That is, Michael Shames will not have an opportunity to ask
me a series of uninterrupted questions.  I have also crafted a presentation
that lays out a bunch of facts and introduces a theory for pricing storable
commodities.  I think that my analysis highlights the major shortcomings for
the Kahn/Joskow paper and the approach employed by the Department of Market
Analysis.  My presentation has nothing to do with Enron.  I can defer any
questions about generators to Gary Ackerman.  I can politely dismiss
questions about Enron, its trading activities, or profitability.  I still
could use some help on the just and reasonable price questions.  Attached
below are the draft power point slides that I will use in the presentation as
well as a word document with a draft script of the speech.  Please review and
let me know your thoughts.  I will have my assistant, Debra Davidson, set up
a call in the next couple of days to discuss.


Hi Don,

Just wanted to get this out to you in the hope that you havent worked on January's and this month's schedule. I had already planned to be in Denver to ski (know any good resorts?) and then spend the new year with my family..earlier the plan was to do this from the26th onwards..as scheduled, but since we might not get our vacation from Enron at all.. I was wondering if everything being exegient, I could take off a little early and arrive into say the 4th or so of Jan?

This of course being that I dont upset too many other schedules and no news occurs upon us which would preclude this.

Also on an unrelated note..the people from Trader News called and wanted prices,...but I have not sent them anything not knowing our legal position on the same.

See you in a bit.

Regards,

Punit.


After rereading 3 times I see your point. Didn't mean it that way. Before I
sent it out I had Ted and Karen review as well as another person in corp.
None had any comments. I asked Dave Gorte if he saw anything negative in it,
he did not. Didn't mean to slight you in any way and I apologize if I did.
Rick


I would suggest that we require a waiver before we pay the money.

 -----Original Message-----
From: 	Bosien, Teresa
Sent:	Tuesday, November 13, 2001 2:14 PM
To:	Cash, Michelle
Subject:	Rescind Offer Letter

Attached is the letter that I am planning to send to individuals who have accepted offers from the A&A program, but have not yet begun employment with us.  I assume that no waiver of liability is needed, since an offer letter does not incur liability.  Please review and let me know if this is adequate, or if some sort of waiver is needed as well.  Thanks.

 << File: Rescind Offer Letter Nov 2001.doc >>

Terry Bosien
Human Resource Manager
Associate & Analyst Program
713/853-5230


---------------------- Forwarded by Beverly Beaty/HOU/ECT on 11/20/2000 03:14
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Victor Haley" <Victor.Haley@dvn.com>
11/17/2000 04:09 PM

To: <beverly.beaty@enron.com>
cc:
Subject: This is the Enron avails spreadsheet for December, 2000 that you
normally get from Steve Holmes. I

This is the Enron avails spreadsheet for December, 2000 that you normally get
from Steve Holmes.  I am now handing this.  Please feel free to call me if
you have any questions at 405-228-4298.

 - EnronAvails1200pools.xls


I have traded several phone messages with Bill Transier (EVP, CFO @Ocean).  I expect to get some additional info at that time.  I will keep you posted.  In Bill's last voice mail he suggested that he remained interested in the upsale services activity from ENA even if we were not purchasing the gas.  I will keep you informed.

Frank

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, September 10, 2001 11:41 AM
To:	Vickers, Frank W.
Subject:	Ocena Energy

Only got your message today - is there no way we can rescue it?  What exactly is the problem?  Is our old contract a real problem?


This is a slightly revised version of this:
<<ENRON.issuerput.03.15.01b.doc>>

Russell F. Hackmann, CFA
Corporate Equity Derivatives
Lehman Brothers Inc.
(212) 526-8398
(212) 526-2755 (fax)
rhackman@lehman.com

This message is intended only for the personal and confidential use of the
designated recipient(s) named above.  If you are not the intended recipient
of this message you are hereby notified that any review, dissemination,
distribution or copying of this message is strictly prohibited.  This
communication is for information purposes only and should not be regarded as
an offer to sell or as a solicitation of an offer to buy any financial
product, an official confirmation of any transaction, or as an official
statement of Lehman Brothers Inc., its subsidiaries or affiliates.  An
e-mail transmission cannot be guaranteed to be secure or error-free.
Therefore, we do not represent that this information is complete or accurate
and it should not be relied upon as such.  All information is subject to
change without notice.

> -----Original Message-----
> From: Hackmann, Russell
> Sent: Thursday, March 15, 2001 1:03 PM
> To: Clinton Freeland (E-mail)
> Cc: Sara Shackleton (E-mail)
> Subject: short dated puts
>
> Clint,
>
> Here is the confirm for the proposed put options without net share
> settlement,
>
>  << File: ENRON.issuerput.03.15.01.doc >>
>
> Russell F. Hackmann, CFA
> Corporate Equity Derivatives
> Lehman Brothers Inc.
> (212) 526-8398
> (212) 526-2755 (fax)
> rhackman@lehman.com
>
> This message is intended only for the personal and confidential use of the
> designated recipient(s) named above.  If you are not the intended
> recipient of this message you are hereby notified that any review,
> dissemination, distribution or copying of this message is strictly
> prohibited.  This communication is for information purposes only and
> should not be regarded as an offer to sell or as a solicitation of an
> offer to buy any financial product, an official confirmation of any
> transaction, or as an official statement of Lehman Brothers Inc., its
> subsidiaries or affiliates.  An e-mail transmission cannot be guaranteed
> to be secure or error-free.  Therefore, we do not represent that this
> information is complete or accurate and it should not be relied upon as
> such.  All information is subject to change without notice.
>

------------------------------------------------------------------------------
This message is intended only for the personal and confidential use of the
designated recipient(s) named above.  If you are not the intended recipient
of this message you are hereby notified that any review, dissemination,
distribution or copying of this message is strictly prohibited.  This
communication is for information purposes only and should not be regarded as
an offer to sell or as a solicitation of an offer to buy any financial
product, an official confirmation of any transaction, or as an official
statement of Lehman Brothers Inc.  Email transmission cannot be guaranteed to
be secure or error-free.  Therefore, we do not represent that this
information is complete or accurate and it should not be relied upon as
such.  All information is subject to change without notice.

 - ENRON.issuerput.03.15.01b.doc


Sam:  Please move the CSFB Futures Agreement to the "Futures Agreement"
section of the database.  Thanks.  Sara


Dave, call you this weekend.  Thanks for breaking it down for me.


Hi Dan

This memo shall confirm our agreement to deliver 3,000 MMBtu's per day to
National Steel for the above referenced time period.  Deliveries will be at
the NGPL Nipsco City Gate.

Call if you have further questions.

Thanks


Mark and Greg,

I hope that you are receptive to unsolicited advice.

1)	Give a single officer the authority to say "no" to deals before they get to your Office of the Chairman. Rick Buy may not want the job, but it should be someone in a similar position with real authority. Perhaps, each business unit should have such a person. Key to making this work is to find a person who will try all ideas to make a deal "good" before killing it.

2)	EIM may need a new CEO. If Bowen is not going to take the job, then you should strongly consider Shankman for the post. I think that he has done a fine job at EGM in the last 12 months, and this could be his chance to step up and run his own shop.

3)	Stop paying a dividend!!!!!!! Given that we are not appealing to an institutional investor base that requires a dividend, we should keep the hundreds of millions of dollars.

4)	We probably have too much metal in inventory in London. We should consider getting out of a business that requires that much physical inventory.

Thank you for taking the time to read my suggestions.

James C. Lewis
VP Finance and Structuring
EGM


The next meeting of the California Energy Solutions Group (formerly the AB
1890 Implementation Group) will be:

Friday, December 1, 2000
9:00 to 12:30
California Chamber of Commerce
1215 K Street, 14th Floor

We will be sending out an agenda forthwith. Please contact me if you have
any questions or would like to add an item to the agenda.

Thanks to all of you who attended this year's retreat. It was a great
success because of your participation.

Thanks again,
Delaney


The report named: NG - Price P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=10&report_name=NG+-+Price+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=10/09/2001>, published as of 10/09/2001 is now available for viewing on the website.


SK - I printed this & put it in your working group file.  mm

Team--attached are my group's top 10 objectives at the headquarters level and
at the in-country level for the international PR, marketing communication and
social responsibility areas.

How we prioritize

We arrive at these objectives after discussion with heads of the business
units and senior management, and we focus on goals that support the priority
business goals of the company and build/protect the reputation of the company
as a whole.  On a quarterly basis (at least) we review these top objectives
and ensure that we are staying on target.  Internationally, we are faced with
numerous issues and crises which must be dealt with and they also take on a
priority spot when they occur.

There is an issue with prioritization that we must constantly deal with.
Some of our clients are PR savvy and wish to use our services, which should
please us except that sometimes small, low priority and visibility projects
use too much of our time that should be spent elsewhere.  Conversely, we
sometimes have important projects that the developer wishes to keep low
budget and we are not allowed to have the level of input that we should.

How human and financial resources are allocated

The bulk of our human resources currently are allocated to the regions, and
the structure is an area in transition since the reorganization and in light
of several open positions that we have.  We determine in conjunction with the
business units the proper number and level of staff.  The regional PR head
determines how his or her junior people are assigned.  At the headquarters
level, we focus on the activities that benefit the company overall as well as
top priority countries.  Marketing communication maintains adequate staff to
meet customer demands, and adds temporary staff during peak periods.

We all work on the highest priority items for the year, but also tend to
focus on issues of the moment that are of greatest significance to the
business unit leaders.   My goal is to keep people focused on the long-term
objectives for the year and not get caught up in the day to day operations
without this long term focus.  If there is an area I would like to further
refine, it is making sure that we are better deploying our human resources on
what is important.

How financial resources are allocated

We have a PR budget for each operating company, for international
headquarters, for marketing services and for sustainable development.  At the
regional level, figures are projected for each country and/or project and
these are discussed with the various country leaders.  Headquarters budget is
used for activities that benefit all areas and not one region or country.

Marketing communication budget is on a bill-back basis (the most difficult to
predict because it is comprised of costs for developing presentations and
other marketing/sales tools.  This has been a trait of the former EI and is
the expectation of developers--if you need it for marketing purposes you do
it.)  As you will note in my objectives, I would like this department to
arrange a billing system including their time and fixed costs that allows
them to be completely self-supporting rather than allocating across business
units.  This will encourage people to use their services more wisely.

When a new project is being pursued, budgets are approved for all aspects of
the project including PR, employee communication and social responsibility.
The social responsibility budgets typically fall short or are non-existent,
and this is another area that we will be focusing on changing this year.

How this fits with budgeting process

Our allocation of resources is linked directly with our budgeting process.
There are two exceptions:

1--pursuing major projects that were not planned at the beginning of the
year.  Budgets for these new pursuits are approved during the overall project
approval process, and again, we must work to have greater input in this
process.

2--costs for resolving major crises such as Cuiaba and Human Rights Watch
have been significant and were not pre-budgeted.


I would like to announce the following management changes within the Analyst
/ Associate Program, which are effective immediately.

Traci Warner will assume responsibility for Recruiting for the Western
Hemisphere.  Traci joined Enron's Associate Program in 1995 and has held
positions in Business Development, Origination, and Public Relations at Enron
Energy Services, Enron North America and Enron Broadband Services.

Ted Bland will assume responsibility for Career Development (including
rotations) for the Western Hemisphere.  Ted has been with Enron since 1989
and has held several roles in Origination and Business Development within
Enron Wholesale Services.  Most recently, Ted was assigned to the
commercialization of some activities within Human Resources.

Anna Jansson, who is based in London, will continue to lead all efforts for
the Associate / Analyst Program in the Eastern Hemisphere.  Anna has been
with Enron Europe for the past three years and, most recently, has been
responsible for setting up the EBS Human Resources function in Europe.

Please join me in working with Traci, Ted and Anna to ensure the success of
this important program.

Billy Lemmons
Vice President, Analyst / Associate Program


Besides Teb, who should I get approval from to change invoice due dates of the 11th or 20th that fall on a Saturday or Sunday to a due date of Friday, based on the tariff.  Or should I simply put out a message to marketing, Teb, Fraizer to announce the planned change?  Currently we're sending invoices out with the Sat/Sun date.


Couple of additional pieces of information:

In conjunction with the issue paying ESPs past due PX amounts, Edison has affirmed that it will be making a proposal regarding how it wants to calculate the PX credit going forward.
It remains unclear whether Edison will try to fold controversial issues into negotiations on getting paid past due PX credit amounts(e.g., PX credit contributed to undercollection and therefore DA customers should help pay down the undercollection; DA customers must pay for stranded DWR contracts, etc.).
So while Edison is making good noises about wanting to settle (which is a certainly a step in the right direction), it's still unclear whether they intend to attach terms to the deal that make the whole thing a nonstarter.
Got a call into John Fielder to try to get answers to some of these questions.
Will report back when (and if) we get some answers.

Best,
Jeff

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Monday, October 29, 2001 5:27 PM
To:	Steffes, James D.; Mara, Susan; Tribolet, Michael; Mellencamp, Lisa; Curry, Wanda; Williams, Robert C.; 'Mike Day (E-mail)'
Cc:	Shapiro, Richard; Sanders, Richard B.; Sharp, Vicki
Subject:	RE: Proposed SCE Negotiation Strategy

With respect to past due PX credit amounts, Edison has told folks today that:

Edison will distribute a one-pager by mid-day tomorrow laying out its proposal for how to handle payment of past due PX credit amounts.
Edison is trying to meet individually with all ESPs prior to the Nov. 7th prehearing conference at the PUC to discuss and hopefully reach agreement with ESPs on its proposal.
Edison hopes to make progress with the ESPs between now and the Nov. 7th prehearing conference, and if so, intends to tell the judge that the PUC should delay action on the complaints pending settlement.

We'll distribute Edison's proposal as soon as we get it.

Best,
Jeff

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, October 29, 2001 8:04 AM
To:	Dasovich, Jeff; Mara, Susan; Tribolet, Michael; Mellencamp, Lisa; Curry, Wanda; Williams, Robert C.; Mike Day (E-mail)
Cc:	Shapiro, Richard; Sanders, Richard B.; Sharp, Vicki
Subject:	Proposed SCE Negotiation Strategy

Following last week's meeting, here is my recommendation on how to proceed with SCE.

1.	Form Enron Negotiation Team

	My recommendation is to use the same team we used with PG&E + Jeff Dasovich.  My understanding was that Lisa M. was the lead negotiator - I would not change this.  Jeff should only be there to make introductions.

2.	Meet & Confer (10/29)

	Sue Mara and Jeff Dasovich will listen and report back to everyone on what happens.

3.	Reformed Stipulation

	I would propose that we take a wait and see approach to this document.  Based on Dasovich's idea to get together with SCE on Thursday, maybe let this ride.

4.	Meeting

	My understanding is that (Jeff D. please correct) SCE can meet with us this Thursday.  Can everyone make it that needs to be there?  Probably meet in California.  We should put the laundry list on the table.

Please let me know what else we need to discuss or if anyone disagrees.

Thanks,

Jim


Carter Phillips is going to have his partner, that noted litigator, the one
and only Phil Nowak, argue the case!  When you gonna be up here on Monday???
Let me know--I'll be at the office on Mon. PM.  df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 02/16/2001
03:34 PM ---------------------------

"John Wyss" <jwyss@wrf.com> on 02/16/2001 03:13:54 PM
To: "pdondanville" <pdondanville%schiffhardin.com%smtp@wrf.com>,
"djnightingale" <djnightingale%duke-energy.com%smtp@wrf.com>
cc: "dhill" <dhill%bspmlaw.com%smtp@wrf.com>, "Christopher Hardee"
<CHardee@WRF.com>, "Drew.Fossum" <Drew.Fossum%enron.com%smtp@wrf.com>

Subject: MHP  --  Bath  Cert Petition

Believe it or not, we just received a 25 page cert petition to the Supreme
Court filed by Bath Petroleum.  As you will recall, the Second Circuit's
decision was an unpublished per curiam order.  Even more remarkable is that
Carter  Phillips of Sidlley & Austin signed the petition as counsel of
record.

I will send a copy to Patty.  We can talk next week about our brief in
opposition.


The information contained in the Weekly Public Report can be communicated to audiences outside the company and should be used to ensure that we present a consistent message to the public. Please ensure that this email is distributed to anyone in your group who needs to discuss EnronOnline with individuals outside the company.

This report is not intended to be used as a stand-alone presentation, nor that all the information be used in a single presentation or customer communication.

Total Life to Date Transactions >1,570,000
Average Daily Transactions > 5,600

Life to Date Notional Value of Transactions > $870 billion
Daily Notional Value Approximately $2.4 billion

Number of Products Offered: Approximately 2,000
Number of Currencies Traded in = 15

EnronOnline Version 1.0 Launch Date: November 29, 1999
EnronOnline Version 2.0 Launch Date: September 18, 2000

Due to size constraints on the Outlook System, the Public Report will no longer be distributed.
A complete copy of the report can now be accessed directly through the EnronOnline
Intranet Site at http://eolinfo.enron.com.

In order to access this report,  click on the link above. Once there, follow the link entitled "Reports" and then select the "Public Reports" tab. A dropdown menu will appear with a list of the various public reports available for viewing. .

We look forward to your feedback and comments. If you have any questions or experience any difficulties accessing your reports through the Intranet Site, please feel free to contact either Bryan Deluca at x36161 or Fraisy George at x35424.


Please share this info with Mom and Dad:

Hotel: Hotel Royal Plaza (with Klein High School Bearkadettes)

Phone:  (407) 828-2828

Air Travel: Miami Air charter leaving IAH at 4:30 PM on Thursday, March 2

  Miami Air charter leaving Orlando at 4:30 PM on Monday, March 6


Cheryl:  I'm forwarding Welch's request to discuss the ISDA markup.  Why
don't you respond to Devi and schedule a conference call or send a redline?
I'll be available to discuss.

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 Sara Shackleton/HOU/ECT on 05/30/2001 06:11 PM -----

	dkoya@mwe.com
	05/30/2001 05:43 PM

		 To: sara.shackleton@enron.com
		 cc: tbockhorst@welchs.com, gbenson@mwe.com
		 Subject: Enron - Welch's ISDA - negotiations

Sara,

I hope all is well with you and that you were able to enjoy the long weekend.
Please let me know of a time that works for  you so that we can discuss
Welch's
markup of the ISDA documents.  I look forward to speaking with you.

Thanks,

Devi S. Koya
McDermott, Will & Emery
227 West Monroe
Chicago, IL 60606
Ph: 312-984-2133
Fax: 312-984-7700

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

This message is a PRIVATE communication.   If you are not the intended
recipient, please do not read, copy, or use it, and do not disclose it to
others.  Please notify the sender of the delivery error by replying to this
message, and then delete it from your system.  Thank you.
******************************************************************************
*******

For more information on McDERMOTT, WILL & EMERY please visit our website at:
http://www.mwe.com/


Sara,
 Mike Fowler forwarded me a copy of the prime broker clearing services
agreement sent to him by BuySide Direct, to facilitate the trading they would
like to do.  We would like to comment on item #23.  Input on #23 should be
Morgan Stanley and Goldman Sachs, the two prime brokers currently utilized
most by ECT Investments Inc.  Sheila Glover asked me to review and forward
comments to you.  The document looks like the standard prime broker clearing
services agreement that we have established in the past with other
executing/clearing brokers.  If you need anything else, my number is
713-853-1439.

Thanks,
Theresa
---------------------- Forwarded by Theresa T Brogan/HOU/ECT on 08/22/2000
08:32 AM ---------------------------

Mike Fowler@ENRON
08/21/2000 11:05 AM
To: Theresa T Brogan/HOU/ECT@ECT
cc:
Subject: Online Trading Platforms

As noted below, we would like to establish agreements with several online
corporate bond trading platforms, including Buy Side Direct which will be
used for trading convertible bonds and associated equity hedges.  As
suggested by Sheila, I will provide you with the agreement from Buy Side
Direct's clearing firm.  Please complete the appropriate sections to allow
their clearing firm to clear in an account in the name of our prime broker
designated for our benefit.

Thanks.

Mike
x39990

---------------------- Forwarded by Mike Fowler/Corp/Enron on 08/21/2000
09:31 AM ---------------------------

	Enron North America Corp.

	From:  Sheila Glover @ ECT                           08/18/2000 04:28 AM

To: Ted Murphy/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
cc: Mike Fowler/Corp/Enron@ENRON, Jeff Kinneman/HOU/ECT@ECT, Madhur
Dayal/HOU/ECT@ECT, John Greene/HOU/ECT@ECT, David J Vitrella/HOU/ECT@ECT,
Selena Gonzalez/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Aneela
Charania/HOU/ECT@ECT, Samantha T Davidson/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron

Subject: Online Trading Platforms

Ted, Bill and Sara,
ECT Investments Inc. is wanting to establish execution only agreements for
on-line trading for the Convertble and credit books.  These services are new
and the trading desk wants to be able to utilize.
We will establish only one relationship with ECT Investments Inc. at this
time and all clearance will be done through our prime brokers.  [Books are
maintained separately at all prime brokers.].
Sheila

---------------------- Forwarded by Sheila Glover/HOU/ECT on 18/08/2000 04:16
---------------------------

Mike Fowler@ENRON
17/08/2000 16:01
To: Sheila Glover/HOU/ECT@ECT
cc: Madhur Dayal/HOU/ECT@ECT
Subject: Online Trading Platforms

I'm working with Sara on legal issues related to Buy Side Direct.  Is my
understanding correct that approval from Risk Control and Credit is required
to initiate trading, and that you are requesting their approval for Buy Side
Direct as well as the other sites listed below ?

Please let me know if I should be involved in this process.  Any feedback
regarding expected timing of this approval would also be appreciated.

Thanks.

Mike
x39990

---------------------- Forwarded by Mike Fowler/Corp/Enron on 08/17/2000
01:55 PM ---------------------------

Mike Fowler
08/15/2000 10:21 AM
To: Sheila Glover/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT, Madhur
Dayal/HOU/ECT@ECT

Subject: Online Trading Platforms

I am requesting that online trading agreements be executed with the following
bond trading platforms which we are evaluating:

         Site   Initial Corporate Bond Categories *       Type  Site Status

Buy Side Direct   Convertibles (+ Equity Hedge)  ** Cross Matching  Aug 15th
Launch

Trading Edge / Bond Link High Yield, Convertibles   Cross Matching  Live

LIMITrader   High Yield, Convertibles   Cross Matching  Live

Market Axess   Investment Grade   Multi-Dealer ***  August Launch

*   Additional corporate bond categories may be added in the future.  For
example, Market Axess expects to add high yield and convertible bonds within
3  to 6 months.

** John Greene is aware that convertible bond transactions through Buy Side
Direct will involve offsetting equity hedges.

*** We have execution agreements in place with all current Market Axess
dealers.

Potential benefits offered by online sites include trading flows and improved
execution efficiency.  In addition, these sites provide opportunities for
generating demand for EnronCredit.com credit derivatives, given that users of
these sites are buyers or sellers of corporate credit risk.  The ability to
trade will greatly enhance our evaluation of these sites.

As noted above, 3 of the 4 sites are cross-matching, where trading is
completely anonymous and the site's sponsor or clearing firm are the nominal
counterparty for all trades.   One of the 4 sites will be a multi-dealer
system where counterparties transact directly with a particular dealer.

Trades for all sites would be cleared through prime brokers with whom we have
existing agreements.

As you suggested, we should ensure that agreements with online trading
platforms allow for trading by ENA, ECT Investments and EnronCredit.com.   My
understanding is that Sheila's group would coordinate the opening of any
additional accounts required to facilitate trading by each entity.

I suggest that Madhur Dayal be designated initially at the person to receive
notification of material changes to agreements.  We should retain the ability
to change this contact person.

Thanks.

Mike
x39990


Yes, you do not have access to Lotus Notes, because I have been hung out to
dry.  They don't have time to keep up with our demands for access, so they
want me to do this, and they have sent me instructions and are working on
getting me the level of access to change approvals, but I'm not there yet.
All things will come...

	Cheryl Nelson@ENRON
	Sent by: Cheryl Nelson@ENRON
	02/15/2001 10:35 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Stephanie Panus/NA/Enron@Enron, Samantha Boyd/NA/Enron@Enron
		 Subject:

I still do not have complete access to lotus notes -- I can review the
brokerage agreements but cannot make edits.  Does anyone know who I can call
about this?!!!!!

In the meantime, Samantha, can you please note therein that re: JP Morgan, I
left messages by phone again today for Kathleen McCirmack, their attorney of
record for the Electronic Order Agreement with ENA.  This deal is high
priority so please update notes as soon as you get this message.

Finally, Sam and Stephanie, the files for Robertson Stephens and Bear Sterns
are not at my desk.  Please doublecheck to see who has them.

Cheryl Nelson
Senior Counsel
EB3875
(713) 345-4693


For anyone else other than Carlos who needs it

Bev
---------------------- Forwarded by Beverly Beaty/HOU/ECT on 10/30/2000 03:20
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Steve Holmes" <Steve.Holmes@dvn.com>
10/30/2000 02:06 PM

To: <Beverly.Beaty@enron.com>, <carlos.j.rodriguez@enron.com>
cc:
Subject: 11/00 Co-Owner's Avails.

Please see the attached.

 - 1100Co-Owners Volumes to Enron.xls


Is it okey for us to start billing the $3MM to you over the next 11months?  Just tell us where.

Thanks

Tracy


Hi Everyone,

The newest version of Option Exercise has now been released to prod (It was
released this morning).  Please let us know if you find  any new problems
when you start using the application.

Thanks, Nadine (713)853-9863.


-----Original Message-----
From: navigator@nisource.com [mailto:navigator@nisource.com]
Sent: Friday, October 19, 2001 10:49 AM
To: navigator@nisource.com
Subject: Critical,OTHER,20011020,COLUMBIA GULF,007854581,Sea Robin
(meter 481) Nominations - UPDATE

                       COLUMBIA GULF TRANSMISSION COMPANY
                        NOTICE TO ALL INTERESTED PARTIES
                                OCTOBER 19, 2001

Re:  Sea Robin (meter 481) Nominations - UPDATE
Notice ID: 3198
5 - NO RESPONSE REQUIRED

Columbia Gulf Transmission Company has been informed that the previously
reported scheduled maintenance work upstream of meter station 481 (Sea Robin -
Erath) has been completed and that the BTU now meets Columbia Gulf's
requirements.  Columbia Gulf is willing to accept nominations effective for the
gas day of October 20, 2001.


Hello Vince and Shirley,

Thank you so much for your patience as I tried to shuffle dates and events
around!  I have some great news.  I was able to secure a room on campus at
the Faculty Club for the presentation on Monday October 16th at 7:00 - 9:00.
That should work out perfectly as far as being about to present at the
seminar from 3:30 - 5:00.  Furthermore, I was able to adjust the resume drop
dates so that we have through the week of the 16th for students to submit
their resumes.

I will go into more detail about this tomorrow at the Cal Berkeley Team
Meeting.  I have put together some booklets to hand out to the team
tomorrow.  Vince, I have put some time into the agenda for you to welcome the
team and get everyone excited about Cal recruiting this Fall.  Thank you for
all of your help!  Please let me know if there is something that you would
like me to add to the agenda for tomorrow.

Thanks!
Ashley


Jon:
Here is the first of six e-mails regarding the inventories of the peakers.
Regarding, the output and heat rates on the turbines, we copied for you the
performance tests, which should have summary information on the output and
heat rates at the end of each of the performance tests.  Please let me know
if you do not find them.  Thanks!
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 09/25/2000
01:53 PM ---------------------------

Jonathan Hoff
09/25/2000 01:25 PM
To: Benjamin Rogers/HOU/ECT@ECT
cc:
Subject: Brownsville


I'm having trouble with Ben directing outside counsel.  I'm going to discuss
it (politely), but I just want you to know what's up.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/04/2001 03:12
PM ---------------------------

	From:  Ben F Jacoby @ ECT                           01/04/2001 02:57 PM

Sent by: Ben Jacoby@ECT
To: "Campbell, Carolyn" <CCampbell@KSLAW.com> @ ENRON
cc: "'kay.mann@enron.com'" <kay.mann@enron.com>@ENRON, "Keffer, John"
<JKeffer@KSLAW.com>@ENRON, Fred Mitro/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron

Subject: RE: Turbine / Transformer Prototype Documents

Please provide me with copies of these documents, and we'll make the changes.
Thanks.

Ben

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 01/04/2001 01:40:40 PM
To: "'Ben.F.Jacoby@enron.com'" <Ben.F.Jacoby@enron.com>
cc: "'kay.mann@enron.com'" <kay.mann@enron.com>, "Keffer, John"
<JKeffer@KSLAW.com>
Subject: RE: Turbine / Transformer Prototype Documents

Ben:

Substantive revisions were made (changing the earnest money concept to a
development fee concept, more complete termination provisions, replacing
confidentiality provisions with reference to a confidentiality agreement,
elimination of provisions addressing mediation) and the prototype documents
were recirculated on 12/15/2000.  However, the 12/15/2000 drafts of the
documents make specific references to NRG Thermal and contain specific dates
that would no longer be relevant.  We would recommend further revision to
address these matters before circulating for another potential transaction.

Carolyn Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
CCAMPBELL@KSLAW.COM <mailto:CCAMPBELL@KSLAW.COM>

-----Original Message-----
From: Ben.F.Jacoby@enron.com [mailto:Ben.F.Jacoby@enron.com]
Sent: Thursday, January 04, 2001 1:19 PM
To: Campbell, Carolyn
Cc: Kay.Mann@enron.com; Fred.Mitro@enron.com; Chris.Booth@enron.com
Subject: Re: Turbine / Transformer Prototype Documents

Carolyn:

Are these the most recent form documents, or were there any material
changes made when we were dealing with NRG on the LM6000s? Please let me
know.

Regards,

Ben

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 12/14/2000 04:26:00 PM

To:   "'Ben.F.Jacoby@enron.com'" <Ben.F.Jacoby@enron.com>
cc:   "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>,
      "'Jim.Gilbert@enron.com'" <Jim.Gilbert@enron.com>,
      "'Dale.Rasmussen@enron.com'" <Dale.Rasmussen@enron.com>, "Keffer,
      John" <JKeffer@KSLAW.com>
Subject:  Turbine / Transformer Prototype Documents

 <<2RZ501!.DOC>>  <<2R6LRED.DOC>>  <<2RZ601!.DOC>>  <<2RLSRED.DOC>>
<<2RZ5RED.DOC>>  <<2RZ801!.DOC>>  <<2RSWRED.DOC>>

We have enclosed initial drafts of the following documents:

     1.   Letter Agreement for the Turbine Transaction (clean copy and
blacklined copy marked to reflect revisions from the current draft of the
turbine letter agreement with Coral);

     2.   Letter Agreement for the Transformer Transaction (clean
copy, blacklined copy marked to reflect revisions from the current draft of
the transformer letter agreement with Coral, and blacklined copy marked to
reflect revisions from the turbine letter agreement referenced as item no.
1
above);

     3.   Limited Liability Company Agreement (clean copy and
blacklined copy marked to reflect revisions from the current draft of the
LLC agreement for CA/ED-II).

As mentioned on the telephone, I have retained a number of the
representations and warranties requested by Coral, with modifications where
necessary to eliminate those aspects which were objectionable to Enron.
The
justification for this is that nearly any purchaser would insist on such
representations, and it is often more advantageous to present a draft that
appears to be neutral, rather than allow the counterparty to focus on what
is not there and then have the advantage of drafting precisely what it
wants.  Therefore, we suggest that Enron carefully review the
representations and warranties in order that any objectionable items can be
eliminated before circulation of documents to the counterparty.  Because we
rearranged and reorganized the representations and warranties to make a
more
clear presentation, the blacklined drafts will not be very helpful fur
purposes of reviewing representations and warranties.

Please review the enclosed at your convenience and advise of any comments.
Thank you.

Carolyn M. Campbell
King & Spalding
713-276-73-7 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosures:    129569v1
          129569v1 from 128541v14
          129570v1
          129570v1 from 129088v6
          129570v1 from 129569v1
          129572v1
          129572v1 from 129344v1

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not
the named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

(See attached file: 2RZ501!.DOC)
(See attached file: 2R6LRED.DOC)
(See attached file: 2RZ601!.DOC)
(See attached file: 2RLSRED.DOC)
(See attached file: 2RZ5RED.DOC)
(See attached file: 2RZ801!.DOC)
(See attached file: 2RSWRED.DOC)

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


Thanks, I enjoyed it too and would be happy to do it again.

	John Baker <John.Baker@daniel.com>
	11/15/2000 07:47 AM

		 To: "'skean@enron.com'" <skean@enron.com>
		 cc: "'Christie_Patrick@enron.com'" <Christie_Patrick@enron.com>
		 Subject: Thank you for taking time out of your schedule to speak at Rice

Steven,

Thank you for visiting with my class at Rice last night. They thoroughly
enjoyed your talk -- after you left for the evening, we had a good
discussion on topics that you had raised. My apologies again for the room
mix up; somehow between myself, the university, and my secretary, the
classroom assignment changed several times and the update did not get to
you.

Next year, if your schedule permits, perhaps you would consider a return
engagement. I would certainly enjoy having you back.

Regards,
John

John A. Baker
Director of Information Technology
Fisher-Rosemount / Daniel (A Division of Emerson Electric)
9753 Pine Lake Drive
Houston, TX 77055
713-827-3328
John.Baker@daniel.com


Jana:  I would definitely like to have an analyst start as soon as possible.
Let me know what the procedure is (i.e. do I interview, will an anlyst just
be assigned to me, etc.)  I had already talked to Mason Hamlin before, and he
opted for another rotation, although he was perffectly acceptable to me.  So
let me know what I need to do and when I could expect an analyst.  Also, a
new hire analyst is acceptable.  Thanks.


-----Original Message-----
From: 	Schoppe, Tammie
Sent:	Monday, November 12, 2001 3:28 PM
To:	Allen, Phillip K.; Shively, Hunter S.; Neal, Scott; Martin, Thomas A.; Arnold, John; Grigsby, Mike; Presto, Kevin M.; Black, Don; Duran, W. David; Gomez, Julie A.; Lagrasta, Fred; Irvin, Steve
Cc:	Rangel, Ina; Bates, Kimberly; Vuittonet, Laura; Hogan, Irena D.; Rode, Tina; Coleman, Venita; Young, Becky; Black, Tamara Jae
Subject:	Floor meeting tomorrow(11/13) at 2:30 p.m.

John and Louise will have a floor meeting tomorrow(11/13) at 2:30 p.m. at EB3221A.  Please forward this to your group(s).

Thanks!

Tammie Schoppe
Enron Americas-Office of the Chair
Assistant to Louise Kitchen
713.853.4220 office
713.646.8562 fax
713.253.2131 mobile


Charlie Garner, Terry Glenn, and Donovan Mcnabb for Marshall Faulk


-----Original Message-----
From: 	"Michael Huse" <michael_huse@transcanada.com>@ENRON
Sent:	Tuesday, October 23, 2001 3:38 PM
To:	Lenhart, Matthew
Subject:	Enron Charges

Matt,

Enclosed is a spreadsheet for you to review. It details the charges
TransCanada has assessed to Enron for nonperformance on business
conducted at PGT Malin and PG&E Citygate for the month of May.

If you have any questions give me a shout at (403) 920-5020.

Thanks,
Mike Huse

 - ZZ Enron.xls


Start Date: 4/26/01; HourAhead hour: 24;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042624.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/26/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: CISO_EPMI_DESERT
  ENGY_TYPE: NFRM

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 24 / Preferred:  27.00 / Final:  26.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/26/01
  TRADING_SC: PWRX
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


-----Original Message-----
From: 	"Rod Forsythe" <rodf@telusplanet.net>@ENRON [mailto:IMCEANOTES-+22Rod+20Forsythe+22+20+3Crodf+40telusplanet+2Enet+3E+40ENRON@ENRON.com]
Sent:	Wednesday, August 29, 2001 11:18 AM
To:	Mckay, Jonathan
Subject:

Hello John,

Your home looks great with a sold sign on it. Yes it is sold. The only thing
I need now is your new address, phone # and any new e-mail addresses you
might have.

Good luck John I owe you a round of golf at a course of your choosing, say
hi to the gang and I will be in touch.

Have a great day,

Rod Forsythe


-----Original Message-----
From: PIRA Distribution [mailto:distribution@pira.com]
Sent: Tuesday, November 20, 2001 4:33 PM
To: PIRA Natural Gas Retainer Client
Subject: PIRA's Monthly Gas Forecasts 11/20/01

Attached is PIRA's latest "Monthly Gas Forecast."

If you have any questions regarding the report's content, please
contact: Greg Shuttlesworth (email: greg@pira.com), Tom Howard (email:
tazh@pira.com), Richard Redash (email: Rich@pira.com), Nobu Tarui
(email: nobuo@pira.com) or Jane Hsu (email: jane@pira.com), at (212)
686-6808.

Contact Client Services regarding PIRA report distribution and address
changes at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Monthly Gas Forecast" outside a Client's
licensed distribution area is strictly prohibited. Clients that are
unsure of their licensed distribution or require an extension of their
current license should contact their PIRA sales representative, or email
to sales@pira.com.

PIRA Energy Group


This warning is sent automatically to inform you that your mailbox is approaching the maximum size limit.
Your mailbox size is currently 75503 KB.

Mailbox size limits:

	When your mailbox reaches 75000 KB you will receive this message.To check the size of your mailbox:

  Right-click the mailbox (Outlook Today),
  Select Properties and click the Folder Size button.
  This method can be used on individual folders as well.

To make more space available, delete any items that are no longer needed such as Sent Items and Journal entries.

You must empty the Deleted Items folder after deleting items or the space will not be freed.

To turn Journaling off,
 click Tools | Options | Journaling Options and de-select all items.

See client Help for more information.


came up last week.


NOTE:  YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.

You have been selected to participate in the Year End 2000 Performance
Management process by providing meaningful feedback on specific employee(s).
Your feedback plays an important role in the process, and your participation
is critical to the success of Enron's Performance Management goals.

To complete requests for feedback, access PEP at http://pep.corp.enron.com
and select Perform Review under Performance Review Services.  You may begin
providing feedback immediately and are requested to have all feedback forms
completed by Friday, November 17, 2000.

If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:

Houston: 1.713.853.4777, Option 4
London:  44.207.783.4040, Option 4
Email: perfmgmt@enron.com

Thank you for your participation in this important process.

The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."   Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.

Review Group: ENRON
Feedback Due Date: Nov 17, 2000

Employee Name                   Supervisor Name                 Date Selected
-------------                   ---------------                 -------------
FAWCETT, JEFFERY C              JESS K HYATT                    Nov 01, 2000
KAUFMAN, PAUL J                 RICHARD S SHAPIRO               Oct 31, 2000


Market Participants:

Please assure that this Notification is forwarded to your respective
Operating Departments ---

Notification of Operating Procedure Update

*	The following new or revised ISO Operating Procedures have been
implemented and are posted for reference on the ISO Website.

ISO Operating Procedure Updated:  T-116 AC/DC Nomogram with attachment A
			Please Note: Attachment B is NOT Posted for Security
Reasons
Version: 4.1
Effective Date: 8-1-2001
Procedure Purpose: The purpose of the COI/NW-Sierra and PDCI north-to-south
operating Nomogram (AC/DC Nomogram) is to operate in conformance with the
WSCC Minimum Operating Reliability Criteria (MORC) and to protect the WSCC
system during heavy export conditions from the Northwest to the Southwest
from disturbances similar to those that occurred on July 2 and August 10,
1996.  The Nomograms are based on the loss of the Bipolar PDCI, a 2-unit
loss at Palo Verde, a 2-unit loss of Moss Landing, or a Table Mountain South
Double Line Outage.  The Nomograms are limited by post-transient Outages.
Summary of changes: The WSCC stability limit changed from 10 to 20 minutes.

*	Please find them at
http://www1.caiso.com/thegrid/operations/opsdoc/index.html under the
appropriate Operating Procedure section heading.

If you have any questions, please e-mail the 'Procedure Control Desk'
mailbox [mailto:procctrldesk@caiso.com] and we will respond as soon as
possible.

Thank-You,

Operations Support and Training
p


this is apparently falling apart as I type this.  For your reading pleasure, I send the attached.
-----Original Message-----
From: steve lipin [mailto:stevelipin@hotmail.com]
Sent: Sunday, November 25, 2001 10:46 PM
To: deborah.fiorito@dynegy.com; Palmer, Mark A. (PR)
Subject: first draft of release attached

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp


Dear Volunteers,
I am hosting a reception for our board and committee members at my home on
Thursday, June 21, 2001. FOR FUN ONLY! It will begin at 6:00pm. More
information will be coming to you by mail. I look forward to seeing you
there. I promise not to be serious, or make you work, or even ask you to
THINK!

Angela

angela.blanchard@neighborhood-centers.org


FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 03/12/2001 02:14 PM -----

	"JOHN G KLAUBERG" <JKLAUBER@LLGM.COM>
	03/12/2001 01:43 PM

		 To: Jeff.Dasovich@enron.com
		 cc:
		 Subject: Re: FERC Order and DWR

Jeff:  I am assuming you have already heard back from the FERC experts, but
that generally would be my understanding (subject to a change in the
order)--and, as we discussed, hopefully the bilateral forward market contract
deals with CDWR ultimately will be specificaly excluded from the cap rules,
etc. (Joe Hartsoe indicated this morning that no one has indicated that the
bilaterals should be subject to the FERC order).  John

"This e-mail, including attachments, contains information that is
confidential and it may be protected by the attorney/client or other
privileges.  This e-mail, including attachments, constitutes non-public
information intended to be conveyed only to the designated recipient(s).  If
you are not an intended recipient, please delete this e-mail, including
attachments and notify me by return mail, e-mail or by phone at 212
424-8125.  The unauthorized use, dissemination, distribution or reproduction
of the e-mail, including attachments, is prohibited and may be unlawful.

John Klauberg
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
212 424-8125
jklauber@llgm.com

>>> <Jeff.Dasovich@enron.com> 03/12/01 01:00PM >>>
Quick question to Joe and/or Christian, John and Mary:

I'm assuming that any deal we sign with DWR that falls below the $150/MWH
soft cap is free and clear of the order FERC issued on Friday as well as
any other refund risk associated with FERC's December order.  Is that
correct? Thanks.

Best,
Jeff


Sara,
Mike, Madhur and I spoke on the phone yesterday.  Madhur is looking to trade
for the Convertible book which is ECT Investments Inc.  We may want to open
an account also for ENA.
Mike is drafting up a synopsis and checking with John Greene on something.
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 08/15/2000 02:29
AM ---------------------------
From: Sara Shackleton on 08/14/2000 05:41 PM
To: Sheila Glover/HOU/ECT@ECT, Mike Fowler/Corp/Enron@ENRON
cc: jpeters@andrews-kurth.com
Subject: BuySideDirect

All:  (1)  Please provide the name of the Enron party to this agreement.  If
it is the London credit group, we need to verify authority to execute.  I
never heard back from Paul Simons.
(2)  What is the priority?  I think we are waiting to hear back from Mike
because we have had a conversation with the BuySideDirect people and can give
an additional explanation.

Sara


You left 2 TRCO invoice questions on my desk.

1.  Contract 3.3558 - this is a volumetric release from PSNC for CES Retail.
The demand and commodity invoice come in together I believe.

2.  Contract 3.3509 - ???  I don't understand this one.  Take a look at
k#1.3473.  Did we receive a demand charge on 1.3473 and not have the demand
estimated in Sitara?  I may need to add 1.3473 and 0 3.3509.  Let me know
what you find.


Attached are 2 documents describing the reorganization of the west trading desk.  I have assigned new books to all of the traders except Phillip. We are currently moving the August physical trades into the new books and plan to be finished tomorrow. You will continue to use your existing financial books through July 31st.  All August physical deals done during bid week should flow into the new physical books and the old financial books.   Your financial trades will move on the night of July 1st after we calc.  Starting August 1st, you will have your positions in your new financial and physical books.  Russ is working on adding the new books to the West Intramonth Position Portfolio in Sitara.  You should be able to see your physical positions for August in the new books as soon as we get all of the deals moved (tomorrow evening at the latest).  The positions will be close in the morning, we just need to verify that we have not missed any deals and move all of the intra-desk deals.  Please let me know if you have any questions or concerns.

Thanks

Anne

You can reach me at 5-7735


Shark--

As we discussed, see attached service schedule for your (& G$'s) review.

Thx

 -----Original Message-----
From:  Daniel, Shonnie
Sent: Wednesday, April 25, 2001 8:54 PM
To: Bump, Dan J.
Subject: Service Schedule

Dan,  Attached please find the Service Schedule with the changes we discussed
today.  Call with any questions.


In regard to our meeting yesterday, detail for lockbox information is not received until mid afternoon the day after deposits are made. The detail for the 72,107.31 deposit will not be received until sometime this afternoon.  This amount is yesterday's deposit, 2/19.  Also, as discussed in yesterday's meeting your request for detail on the $36,513.47 2/1 item is an "ACT Transfer CR", and is not an incoming wire. It will not be recorded as an incoming payment. In prior discussions and emails,  we have indicated the $350.00 on 2/1 is a  NON TRADE item; the $600.00 on 2/12 is a NON TRADE item.  The $40,807.85 wire received 2/15 from FPL is for customer 700000031, and was applied to the appropriate misc invoices on 2/19.

In the future in viewing deposit amounts for the lockboxes and we indicate there are no trade deposits, the items will be treated as Non Trade items.

I trust this will resolve the outstanding questions.

thanks,

sandy

 -----Original Message-----
From: 	Collins, Marion
Sent:	Wednesday, February 20, 2002 11:52 AM
To:	Sheffield, Sandy
Subject:	FW: FEB02AR FILE

Sandy,

I've highlighted Gerry's questions in red bold below.  Just let me know if you find anything.  He also references some Feb 1st info.  I thought it was decided that these were not trade transactions????

From: 	Nacey, Sheila
Sent:	Wednesday, February 20, 2002 10:31 AM
To:	Collins, Marion
Subject:	FW: FEB02AR FILE

Marion,  do you know why Jerry wouldn't have received this info?  Thks! Sheila
 -----Original Message-----
From: 	Skertich, Gerald
Sent:	Wednesday, February 20, 2002 9:14 AM
To:	Collins, Marion; Nacey, Sheila; Dietz, Rick; Keiser, John; Hsieh, Sally; Scott, Donna
Cc:	Studebaker, James ; Holmes, Bradley; Coon, Brad; Corman, Shelley
Subject:	FEB02AR FILE

FYI

The FEB02AR file has been updated and posted on the P-Drive.

 << File: FEB02AR.xls >>  << File: CASH FLOW MODEL.xls >>

Note to Marion: $ 72,107.31 was received as a lock box item (Trade Receiveble). Please follow with  the Credit Department to obtain breakdown so we can apply the cash. This item will be shown as an "Unapplied Cash" item in the Wire Log until it is resolved.

Still need breakdown of the following "Unapplied Cash" items - $ 36,513.47 unidentified wire received on Feb 01 - $ 350.00 lock box item received on Feb 7 - $ 600.00 lock box item received on Feb 12 - $ 40,807.85 wire received from Florida Power & Light on Feb 15.

Jerry


We are ready to bring the East Power UBS_Start_Up group back together again to accomplish the following objectives:

1) review the Start-Up Gantt Chart taking us from UBS Launch date (approx 2/11/02) through 60 days
2) assign resources to the Gantt chart
3) discuss common drive to store all start_up information
4) discuss interaction with west power and gas projects
5) review final actions


Who needs to participate from Calgary and Portland so I can email them the AT&T conference call number and participant code.

-Ina


Details.  Do they want one of the turbines before Sept?

	From:  Chris Booth                           03/14/2001 11:17 AM

To: Ben Jacoby/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc:

Subject: Northwestern Offer Letter

FYI
---------------------- Forwarded by Chris Booth/NA/Enron on 03/14/2001 11:15
AM ---------------------------

"Young, Michael" <Michael.Young@northwestern.com> on 03/14/2001 11:16:17 AM
To: "'chris.booth@enron.com'" <chris.booth@enron.com>
cc:

Subject: Northwestern Offer Letter

Chris, prior to our call this afternoon, I wanted to alert you to one term
that was discussed in our Monday telephone call that I inadvertently left
out of the letter you received yesterday.  Specifically, we would want the
Enron carry to continue until September 1, 2001.  Thus, Northwestern would
be obligated to close on the transaction (and get Enron its money) on or
before this date.  Again, this specific term was discussed in the Monday
call and left out of the letter.  I apologize for the oversight.  Let me
know if this is a problem.


Attached is a draft Nonwaiver Agreement per our telephone conferences of
yesterday after the meetings with Senator Dunn.  I am available in my office
for a conference call to discuss this.

The information contained in this e-mail message and any accompanying
documents is subject to the attorney-client privilege and/or the attorney
work product rule and is confidential business information intended only for
the use of the individual or entity named above.  If the reader of this
message is not the intended recipient or representative of the recipient, you
are hereby notified that any dissemination of this communication is strictly
prohibited.  If you have received this communication in error, please notify
Kathryn A. Pugh at kpugh@pkns.com and immediately delete this message from
your system.

 - 289271_1.WPD


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/24/2000
04:59 PM ---------------------------

Jlpnymex@aol.com on 02/22/2000 03:53:46 PM
To: ecoel@mail.arco.com, jhewitt@ix.netcom.com, vkamins@enron.com,
mmcomisky@equiva.com, pmelia@mail.arco.com, bcsalmonsen@equiva.com,
motowns@unocal.com, dph@swbell.net
cc:
Subject: March 2, NYMEX night at the rodeo

We are so glad you will be able to join us for dinner and the HLSR on March
2, 2000, to see Reba McEntire perform.

Here is the itinerary for the evening:

Depart NYMEX office at 5:30 p.m.by limousine for Pappasito's restaurant
(parking is available across the street on Smith street)

Arrive Pappasito's restaurant, located at 610 and Kirby near the Astrodome,
by
6:00 p.m.  If it is more convenient for you, feel free to meet us at
Pappasito's by
6:00 p.m.  You can leave your car there, and ride with us in the limo to the
Dome, or follow us to the Dome in your car.

Depart Pappasito's by 7:15 p.m. for the Rodeo.

Depart Rodeo at the end of the show, by limo to cars at Pappasito's, and/or
to the NYMEX office.

Please contact me by email or telephone (713-658-9296) as to whether you will
meet us at our office or Pappasito's.  Also please contact me if you have any
other questions or logistical requirements.

I look forward to meeting each of you.

Jana Laird Phillips
Marketing Manager


Mike/Steve - we have verified all of the volume information and our numbers are correct.  Their numbers do not include prior period adjustments in the correct production month and our PVR volumes are correct and agree with the worksheets that they sent us even though they didn't use the correct volumes for the PVR on their worksheets.  We still cannot figure out how they got to the amounts that they invoiced us.  Please let me know if we are going to go back to those months that we underbilled them so that NNG can recoup that money.  If you have any questions, let me know.

Thanks,

Raetta


Will talk with you tonight.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Enron
Enron  is one of the world's leading electricity, natural gas and communications  companies. The company, which owns approximately $37 billion in energy and  communications assets, produces electricity and natural gas, delivers physical  commodities and financial and risk management services to customers around the  world, and has developed an intelligent network platform to facilitate online  business - EnronOnline. Enron's Internet address is www.enron.com . The stock is traded under the  ticker symbol "ENE".

Is this correct? I thought Enron didn't produce  electricity...or natural gas....just transported it....

Beth


Hi guys,

Could someone send an electronic file of the execution copy of the Coyote
Springs contract?

Thank you,

Kay