Louise,

I do agree.  I haven't really looked at or studied the plan because of the
pending changes.  There are some good guys down there and I believe they can
do some good work to help you in your quest for world domination.  Good luck
with this.

Cheers,
mike

Louise Kitchen
08/02/2000 11:34 AM
To: Mike McConnell/HOU/ECT@ECT
cc: David Forster/Corp/Enron@Enron
Subject: Re: Draft Business Plan Enron Net Works South America

I think there is some duplication from these guys internal to Argentina.  As
you know we had a visit from Patrick Hansen, Bastos and Mike Guerriero
recently where I think we agreed on the concept behind www.enron.ar - ie
using our vertical concept.

I think Steve and the team who came here probably need to get on the same
page as the presentation doesn't quite reflect where we (Dave Forster)
thought they were going.

We are not worried if they want to go that way - the budget plans are way out
of line though (but they do need to tell us to stop the development we are
doing for them).

Dave, if Mike agrees - the easiest thing to do would be for you to ring Steve.

Louise

	From:  Mike McConnell                           02/08/2000 08:31

To: Jay Fitzgerald/Corp/Enron@ENRON, Jeffrey McMahon/HOU/ECT@ECT, Allan
Sommer/Corp/Enron@Enron, Louise Kitchen/HOU/ECT@ECT
cc: Philippe A Bibi/HOU/ECT@ECT

Subject: Re: Draft Business Plan Enron Net Works South America

All,

FYI, here is the latest draft of their business plan for your review and
commentary.  I had the video call yesterday and went through all the org
changes.  I did not provide any commentary on the specifics for obvious
reasons.

Mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 08/02/2000
08:23 AM ---------------------------

D'Arcy Carroll@ENRON
07/24/2000 07:24 AM
To: Steve Nagy/SA/Enron@Enron
cc: Mike McConnell/HOU/ECT@ECT, Joe Kishkill/SA/Enron@Enron
Subject: Re: Draft Business Plan Enron Net Works South America

I think there are 2 principal drivers:

(1)  the respective Business Unit heads inside of Networks (Houston or
elsewhere ) need to know who Steve and I are, that we're involved and that we
have a  mandate ( actually this probably warrants some clarification
vis-a-vis the Argentine office, as well; especially given the hiring of
Bastos - I for one would like  to get a clear and substantive understanding
in regard to his trading background, priority for physical vs. financial
products, and expectations ) and
(2)  we (Enron SA) need an invitation, but also need to probably be more
aggressive about participating in meetings, discussions - both strategic
and   functional for each of  the Business Units

Once we reach a consensus on an Enron SA Bus Plan with focus, targets will
establish some parameters to participate inside the group going forward.

Mike, your efforts to communicate both updating events vis-a-vis the weekly
call and overtures outside the group have been a great initiative and much
appreciated.  It's made an important, productive impression on Enron
employees "outside"of Networks.  Look forward to further discussions all
around.

Steve Nagy
07/21/2000 02:19 PM
To: Mike McConnell/HOU/ECT@ECT
cc: Joe Kishkill/SA/Enron@Enron, D'Arcy Carroll/SA/Enron@Enron

Subject: Draft Business Plan Enron Net Works South America

Mike,

Per your request, attached is the draft Business Plan for South America. Due
to agenda constraints, Joe Kishkill has not yet had the opportunity to review.

As part of structuring the regional effort, it would be important to
streamline and coordinate the due diligence and market study efforts. There
appears to be some confusion between Houston and S?o Paulo over who is
responsible for what. We may need to formally announce D'Arcy's and my roles,
including the need to channel information through us into and out of the
region.

Please let us know your thoughts.

Thanks, Steve


A new release of TDS was moved into production - 2/13/00

Highlights
- Security is now in place for Deal Ticker, Positions, & Position Load - if
you don't have access to a desk you need let me know.
- Position Manager is now showing correct positions
- You can combine Positions into Curve Groups for both positions & Curve
Shift.
- Option Premiums are valuing correctly
- Position Loads will pick up all deals changed since Official Books Calc not
since load.

OTHER NEWS
You may be seeing valuation in Deal Ticker & Position Manager.  We are
publishing real time curves for the Texas Desk & Nymex.
The Texas traders are scheduled to go live next week.

Any Questions or problems let me know.

Thanks,

Bill Kasemervisz
x5-7579


Please disregard the memo below and the following will apply for 8/4/00:

Deliveries to Eastrans will be 7,800 MMBtu/dy
Redeliveries into HPL from Fuels Cotton Valley

For 8/5, 8/6, & 8/7 (Saturday, Sunday & Monday) deliveries to Eastrans will be
7,800 MMBtu/dy (23,400 MMBtu for 3 days).  The deliveries of this gas will
occur
in a batch on Monday, 8/7.
Redeliveries into HPL from Fuels Cotton Valley
---------------------- Forwarded by Marta K Henderson/Houston/PEFS/PEC on
08/03/2000 11:21 AM ---------------------------

Marta K Henderson
08/03/2000 08:58 AM

To:   Darrel F. Bane/EastTexas/PEFS/PEC@PEC, John A. Bretz/GCS/CEC/PEC@PEC,
Chad
      W. Cass/GCS/CEC/PEC@PEC, Michael R. Cherry/EastTexas/PEFS/PEC@PEC, Bruce
      McMills/FtWorth/PEFS/PEC@PEC, William E. Speckels/GCS/CEC/PEC@PEC, Donna
      C. Spencer/GCS/CEC/PEC@PEC, Julia A. Urbanek/GCS/CEC/PEC@PEC, Dora J.
      Levy/GCS/CEC/PEC@PEC, briley@enron.com, dfarmer@enron.com,
      carlos.j.rodriguez@enron.com, Sharon Beemer/FtWorth/PEFS/PEC@PEC, Connie
      Wester/EastTexas/PEFS/PEC@PEC
cc:

Subject:  Eastrans Nomination changes effective 8/4/00

Please increase deliveries to Eastrans to 30,000 MMBtu/dy effective 8/4/00

The redeliveries will be:

7,800 from Fuels Cotton Valley
22,200 to PG&E


Attached is a summary of a SoCalGas advice letter which can be  ignored.
?
Dan
 - 10-16-00 SoCalGas AL Summary Chart.doc


FYI
 -----Original Message-----
From: 	Beck, Sally
Sent:	Friday, October 05, 2001 3:03 PM
To:	Bowen Jr., Raymond; Brown, Michael - COO London; Buy, Rick; Causey, Richard; Delainey, David; Derrick Jr., James; Dietrich, Janet; Fallon, Jim; Fastow, Andrew; Frevert, Mark; Glisan, Ben; Haedicke, Mark E.; Horton, Stanley; Hughes, James A.; Kean, Steven J.; Kitchen, Louise; Koenig, Mark; Lavorato, John; Lay, Kenneth; Mcconnell, Mike; McMahon, Jeffrey; Shankman, Jeffrey A.; Sherriff, John; Whalley, Greg
Cc:	Colwell, Wes; Roper, Kerry; Price, Brent A.; Castleman, Kent; Dyson, Fernley; Hayslett, Rod; Piper, Greg; Pickering, Mark
Subject:	Enron Net Works 2002 Budget Process

The 2002 Enron Net Works budget will for the first time combine allocations to business units for four key services:  Enron Online, IT Infrastructure, Risk Management Operations and IT Maintenance and Development.  We are providing a level of detail for expense and capital spend that is greater than that provided in past years, and that will allow business units to make informed choices regarding the services that they receive.

We are meeting with individual business unit Offices of the Chair to review in detail the four service areas delivered through Enron Net Works.  Some of these meetings have been completed and more will occur between now and October 12.  Please keep the following points in mind as we work with you to finalize budget:

Enron Networks today is very different from this time last year.  Additions to the 2002 ENW budget are Operations for EA, EIM and EGM.  Operations, IT Maintenance and Development, and IT Infrastructure for EES and EBS have been included under the ENW umbrella for the first time in the  2002  budget as well.  The 2001 budgets for these functions were approved and included in individual business units last year.   Any comparison of ENW's 2002 versus 2001 budget must be appropriately adjusted for these organizational changes to be relevant.

For further detail for each business unit, ENW's 2002 expense and capital dollars are organized to mirror each business unit's lines of business (products or commodities) in order to create a transparent view at a more granular level of the costs involved in supporting each of the lines of business.

The detail that is being provided to business units for IT costs delineates licensing fees, system maintenance costs and new development costs.  Detail on each IT development project identifies the purpose, business sponsor, line of business, "in progress" or "planned" designation, expense and capital spend, system impacted, and estimated completion date.   In order to finalize IT project budgets, decisions will be required from the business units on which projects to undertake in 2002.

If you have questions about the ENW budgets as we are working with you to finalize them,  please call one of us.

Greg Piper
Sally Beck
Mark Pickering


We have received an executed financial Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   May 1, 2001

Enron Entity:   Enron Canada Corp.

Counterparty:   Lakeside Feeders Ltd., by and through its division, Lakeside
Packers

Transactions Covered:  THIS ISDA MASTER AGREEMENT CAN BE USED BY COUNTERPARTY
    FOR ONE TRADE ONLY.  NO MORE DEALS ARE TO BE DONE UNDER
    THIS AGREEMENT.

Confirming Entity:  None

Governing Law:   None

Copies will be distributed.

Stephanie Panus


Start Date: 4/16/01; HourAhead hour: 20;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041620.txt

---- SC Trades Schedule ----
+++ Hour 20 - bad data from ISO.
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/16/01
  TRADING_SC: PGAE
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


CALENDAR ENTRY:	APPOINTMENT

Description:
	Weekly Priority Mtg./Raetta

Date:		9/20/2001
Time:		9:30 AM - 10:30 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2000
04:13 PM ---------------------------

Anjam Ahmad
03/30/2000 09:45 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Stinson Gibner/HOU/ECT@ECT, Dale Surbey/LON/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT
Subject: Tele-Conference from Oslo

Hi Vince,

As requested, I sent you an invitation (3pm Houston time Monday) for the
summary review of the half-hourly forward vol curve method plus review of
recent projects (e.g. inflation book, EnergyDesk.com, Weather desk update,
emerging market in Continental power market options and Global Products
exotics).  Look forward to catching up with you then.  I also sent you a
tentative list of meetings that I will be having in Oslo.

Regards,

Anjam

P.S. The telephone number is 47 2321 2000 Grand Hotel, Oslo and my mobile
number is 07747 868131


Notice # 01-187
June 1, 2001

TO:
All NYMEX and COMEX Division Members and Member Firms

FROM:
Neal L. Wolkoff, Executive Vice President

RE:
Implementation of Rule Amendments Increasing Capital Requirements for NYMEX
and COMEX Clearing Members

DATE:
June 1, 2001
===========================================================
Please be advised that the Exchange has determined to implement amendments to
NYMEX Rule 9.21 (&Minimum Capital Requirements8) and to COMEX Clearing
Association Rule 20 (&Minimum Capital Requirements8), which are attached
below. The amendments further enhance the financial integrity of the Exchange,
s Clearing Houses by raising the minimum capital requirements applicable to
all Clearing Members from $2 million to $5 million.  The amendments will go
into effect on June 30, 2001.

If you have any questions concerning this change, please contact Bernard
Purta, Senior Vice President, Regulatory Affairs and Operations, at (212)
299- 2380; Arthur McCoy, Vice President, Financial Surveillance Section,
NYMEX Compliance Department, at (212) 299-2928; or Charles Bebel, Vice
President, Clearing Department, at (212) 299-2130.

NYMEX Rule 9.21. MINIMUM CAPITAL REQUIREMENTS

(Additions are indicated by asterisks; Deletions are in {Brackets})

         "(B) Financial Requirements

 Each clearing member registered with the Commission as a futures commission
merchant shall have and maintain working capital equal to or in excess of the
greater of {$2,000,000} *$5,000,000* or the amount prescribed in Commission
Regulation 1.17. Except as provided in Rule 9.02(K), all other Clearing
Members shall have and maintain minimum working capital of {$2,000,000}
*$5,000,000*.

CCA Rule 20. MINIMUM FINANCIAL REQUIREMENTS

(Additions are indicated by asterisks; Deletions are in {Brackets})

 (a)(ii) &A Clearing Member must have and maintain at all times an adjusted
net capital or working capital, as the case may be, of not less than the
amount set forth in Rule 20(b)( .8
 (b)(I) &For a Clearing Member which is a Futures Commission Merchant
registered as such with the Commission {and which is a U.S. person,} the
minimum amount of adjusted net capital shall be {two million ($2,000,000)}
*$5,000,000* {Dollars}.8
 {(b)(ii) &For a Clearing Member which is a Futures Commission Merchant
registered as such with the Commission and which is a non-U.S. person, the
minimum amount of adjusted net capital shall be Two and One Half Million
($2,500,000) Dollars of which at least One Million ($1,000,000) Dollars ( .8}

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(01-187)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Per request a dial in number has been assigned for the conference call
referenced below.  The dial in number is 877-795-3687 the access code is
119421.

Please let me know if you have any questions!

Thanks,
Kathy Crosswhite
713-853-4364

---------------------- Forwarded by Katherine Crosswhite/HOU/ECT on
06/06/2000 09:03 AM ---------------------------

	From:  Katherine Crosswhite                           06/01/2000 09:21 AM

To: Mark Courtney/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Tom
Gilbert/ET&S/Enron@ENRON, rspoondela@ra.rockwell.com,
djbridger@ra.rockwell.com, cmjouppi@ra.rockwell.com,
lmalbright-thiel@ra.rockwell.com, Norm
Spalding/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Carol Carter/HOU/ECT@ECT, Melanie Facundo/HOU/ECT@ECT, Xochitl-Alexis
Velasco/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT, Nessi
Arteaga/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lisa Lunz/Corp/Enron@ENRON
Subject: Invoicing for the Hubbard Incident conference call

A conference call has been scheduled for Friday, June 16th from 9:00am -
10:00am (Central time) and 10:00am - 11:00am (Eastern time).

For the Houston, Texas Enron employees the call will take place in EB35C1.

Tom, Chris, and Reddy - We will be calling each of you to conference you in
with the Houston employees.

Please feel free to contact me with any questions or concerns you may have!

Thank you,
Kathy Crosswhite
713-853-4364


Brunell or Bledsoe - which one are you willing to trade and for what?  I
could give a rb and a WR


Commodities Highlights: CSR: FY Outlook "Quite Positive"
Dow Jones Commodities Service, 07/19/01
INDIA PRESS: Dabhol Challenges Commission's Jurisdiction
Dow Jones Asian Equities Report, 07/19/01
Buy & Sell
Looking for an S&P revival: Elliott & Page manager focuses on earnings growth
National Post, 07/19/01
INDIA PRESS:AES CEO Bakke To Meet Power Minister Thursday
Dow Jones Asian Equities Report,0 7/19/01
ASIA-PACIFIC - Enron writ highlights India contract concerns.
Financial Times, 07/19/01
The State Aides Told to Sell Stock Ethics: Consultants hired for power crisis
must dispose of shares in generating firms.
Los Angeles Times, 07/19/01
Companies: European Companies
The Wall Street Journal Europe, 07/19/01
Accounting Office Demands Energy Task Force Records
New York Times, 07/19/01
California Power Consultants Must Sell Stocks, L.A. Times Says
Bloomberg, 07/19/01

Commodities Highlights: CSR: FY Outlook "Quite Positive"

07/19/2001
Dow Jones Commodities Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Top Of The Day
Australia's CSR: Outlook For Full Year "Quite Positive">A.CSR

-Australia's CSR Prefers Sale Of Sugar Ops Over Spin Off>A.CSR Australia's
Sons Of Gwalia Posts 4Q Gold Output Of 98,449 Oz>A.SGW

Other News
Argentina Govt Maintains 2001 Soy Output At 25.76M Tons>N/OSD
China Drought Persists In 14.8 Mln Ha Of Cropland -Report>N/AGR
E Caribbean Banana Indus To Have More Streamlined System>N/FRU
NZ Enza: Regulator Complicates Forex-Losses Situation>N/FRU
Cda Customs Confirms Dumping Of Hot-Rolled Steel Products>N/STC
HK iSteelAsia Buys 0.23% Of AcrossAsia For HK$22.55M>H.ISA
Australian Agricultural Co IPO To Close Early, Strong Interest>A.FCL
Australia's Anaconda Nickel Eyes Centaur Nickel Proj>A.ANL
Argentina Inks Competition Accord With Rice Farmers>N/RCE
Enron Shuts Singapore Metals Unit;Japan,UK To Cover Trade>ENE
NZ Govt To Place Permanent Ban On European Beef Products>N/CTL
NZ's Wrightson Welcomes New Owner; Eyes Dairy Alliance>A.WRT
Malaysia PNB Chmn: Palmco Acquisition Important For Sime>P.PAL

Special Reports
There Are Many Ways To Skin A Cow In Hindu India>N/AGR
INTERVIEW:Freeport Indonesia To Weather Copper Mkt Slump>FCX
New Superconductors Could Spark Silver Demand Explosion>N/SVR
Brazilian Cold Weather Influence On Coffee Mkt Dwindles>N/CFE
Tire Crisis, Lower Sales Spark 'Ugly' Ford 2Q Loss>F
China's Tax Overhaul For Farmers Has Stalled>N/AGR
Commodities Review: Crude Hits 14-Mo Low On Inventories>N/CMD
Malayasia's Sime Makes Counterbid For Palmco Control>P.PAL

INDIA PRESS: Dabhol Challenges Commission's Jurisdiction

07/19/2001
Dow Jones Asian Equities Report
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- Dabhol Power Co. Wednesday appealed to the Supreme
Court to challenge the jurisdiction of Maharashtra State Electricity
Regulatory Commission, reports the Business Standard.
Dabhol, the Indian unit of U.S. energy major Enron Corp. (ENE), is
challenging the Commission's decisions on Dabhol's disputes with its sole
buyer the Maharashtra State Electricity Board.
The newspaper report quoted a Dabhol spokesman as saying the issue will come
up for a hearing in several days.
Dabhol's global lenders have also decided to appeal to the Supreme Court
within a week over the same issue, the report added.
Dabhol is the single largest foreign investment in India, worth $2.9 billion.
Its power plant in the western Indian state of Maharashtra has a capacity to
generate 740 megawatts. The plant has stopped operations since May 29 after
MSEB stopped drawing power from Dabhol saying its tariffs were
"unaffordable."
Newspaper Web site: www.business-standard.com
-By Himendra Kumar, Dow Jones Newswires; 91-11-461-9426;
himendra.kumar@dowjones.com -0- 19/07/01 04-31G

Financial Post Investing
Buy & Sell
Looking for an S&P revival: Elliott & Page manager focuses on earnings growth
Sonita Horvitch
Financial Post

07/19/2001
National Post
National
D03
(c) National Post 2001. All Rights Reserved.

Toronto-based Mark Schmeer, managing director of equities at money manager
Elliott & Page, says the Standard & Poor's 500 index could generate a
double-digit total return over the next 12 months as the U.S. economy grows
about 2% to 3%.
If this forecast is correct -- "by various measures the U.S. economy has
bottomed" -- then this augurs well for growth stocks such as those in the
technology sector, he says. "Growth stocks do well in a climate of
accelerating economic growth and a rising stock market." This suggests, he
says, that investors should consider revisiting the battered tech sector,
"but not indiscriminately."
While he is bullish on the outlook for the equity market over the next 12
months, Schmeer warns that there will continue to be volatility.
Schmeer and his team have assembled a comprehensive corporate data base that
is updated regularly.
In stock selection, the Elliott & Page team uses both traditional fundamental
analysis and proprietary models. These rank companies on their earnings
growth momentum and their ability to generate positive earnings surprises and
upwards earnings revisions by financial analysts.
For the column, Schmeer is selecting stocks from a number of sectors. His
tech pick:
- BEA Systems Inc. (BEAS/NASDAQ), which closed recently at US$24.52 and
trades in a 52-week range of US$89.50 to US$20.19.
The stock is substantially off its 52-week high and has declined more than
the average tech stock, he notes, yet the company continues to deliver on
earnings. BEA is provides application and Web application servers for
electronic commerce. Major products include BEA WebLogic, a software platform
for e-commerce applications.
Unlike many other tech companies, BEA has been keeping up its earnings growth
rate and reporting earnings in line with expectations and should continue to
do so, Schmeer says. Earnings per share estimates are US42 cents for the
fiscal year to January, 2002, and US64 cents for the fiscal year to January,
2003. This makes for an earnings growth rate of around 50%. The stock trades
at a multiple of close to 60 times forward earnings.
A specialist stock in the energy sector he likes is:
- Enron Corp. (ENE/NYSE) US$49.85 (US$90.56- US$42.35). Based in Houston,
this company is a leader in the field of energy wholesaling. It procures
energy and sells to major U.S. corporations such as Eli Lilly and Quaker Oats
under long-term agreements.
Enron has expanded into the electricity market as deregulation created price
uncertainty for users, says Schmeer. The company has produced six consecutive
quarters of positive earnings surprises and analysts have been revising their
earnings estimates upward, he notes.
Earnings per share estimates are US$1.86 for 2001 and US$2.25 for 2002. The
stock trades at a P/E multiple close to this earnings growth outlook, which
is desirable as many stocks in the S&P 500 index are trading well above their
prospective growth rates, says Schmeer.
He is generally cautious about energy producers and traditional energy
services companies such as drillers.
"Historically, these stocks mainly outperform when the market is going down
and they are less likely to beat the market in a climate of economic
acceleration."
He has sold major U.S. energy services company, Schlumberger Ltd. (SLB/NYSE)
US$49.85 (US$88.87-US$48.05). Its earnings growth rate has been rapidly
declining and the company may not meet consensus estimates for the third and
fourth quarter this year, he says.
Schmeer's picks in the consumer products sector include:
- Johnson & Johnson (JNJ/NYSE) US$54.91 (US$54.98- US$40.25). This health
care products company has been reporting positive earnings surprises, he
notes. "This is not a cheap stock, but you are paying for the consistency in
earnings growth; the company should continue to deliver on its earnings."
J and J recently purchased ALZA Corp., a drug delivery company based in
California, for US$10.5-billion in stock, which might lead to a modest EPS
dilution for 2001 of an estimated US10 cents per share, while 2002 should not
be affected, he says. Earnings per share estimates are US$1.94 for 2001 and
US$2.20 for 2002. The stock trades at roughly two times its estimated
earnings growth rate.
Finally, this manager is choosing a rapidly expanding savings and loan
company, Washington Mutual Inc. (WM/NYSE) US$41.38 (US$41.60-US$19.83).
Based in Seattle, this company has expanded from the Pacific Northwest across
the United States, mainly via acquisitions.
It recently purchased Dime Bancorp, the holding company for Dime Savings Bank
of New York.
The company has been able to exceed analysts estimates over the past three
quarters and should continue to do so. Earnings are being revised upwards.
Washington Mutual is able to grow EPS at a rate of about 11% per year over
the long haul. The stock trades at a P/E multiple of about 11, which is
cheaper than its peers, Schmeer says.

Color Photo: Kevin Van Paassen, National Post / E&P SAYS INVESTORS SHOULD
LOOK TO U.S. MARKET: Mark Schmeer, managing director of equities at money
manager Elliott & Page, says the S&P 500 index could generate a total return
in the double digits during the next 12 months. This bodes well for growth
stocks such as technology, he says.: (Photo ran on pg. D1.); Chart/Graph: FP
DataGroup / ENRON: ENE/NYSE: July 18: US$48.97 -US88 cents, Vol.: 3,104,500:
(See print copy for complete chart/graph.)

INDIA PRESS:AES CEO Bakke To Meet Power Minister Thursday

07/19/2001
Dow Jones Asian Equities Report
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- U.S.-based power company AES Corp.'s (AES) President
and Chief Executive Dennis Bakke will meet India's federal Power Minister
Suresh Prabhu Thursday, reports the Business Standard.
The newspaper report says Bakke is likely to discuss AES plans to take over
Enron Corp.'s (ENE) Dabhol power project in the western Indian state of
Maharashtra, and the payment problems faced by AES in relation to its power
project in the eastern state of Orissa. Bakke is also likely to meet the
Indian Finance Minister Yashwant Sinha in this regard, said the report.
AES holds a 49% stake in Orissa Power Generation Co.
Web site: www.business-standard.com
-By Himendra Kumar; Dow Jones Newswires; 91-11-461-9426;
himendra.kumar@dowjones.com

ASIA-PACIFIC - Enron writ highlights India contract concerns.
By JULIE EARLE.

07/19/2001
Financial Times
(c) 2001 Financial Times Limited . All Rights Reserved

Enron's Indian arm, the Dabhol Power Company (DPC), yesterday issued a writ
in the Bombay Supreme Court in a move highlighting concerns over the validity
of contracts for foreign companies operating in India.
Enron, the US energy giant that owns 65 per cent of DPC, is locked in a
bitter dispute with its sole Indian client, the Maharashtra State Electricity
Board (MSEB) over $45m in unpaid bills.
The writ issued yesterday challenges the jurisdiction of Maharashtra's
electricity industry regulator, the Maharashtra Electricity Regulatory
Commission.Enron is appealing a high court decision to allow the regulator to
determine jurisdiction over issues in the power purchase agreement between
DPC and MSEB.
In June, the regulator issued an interim order that stopped DPC from pursuing
arbitration proceedings in London, as provided for under the purchase power
agreement.
A senior official at Enron yesterday said the company believed that a
regulatory body created after the agreement with the electricity board
"should not be in a position of potentially disrupting a contract through
regulatory mechanisms".
The electricity board had asked the regulator to intervene. Enron said in May
it would pull out of the project.
The board, which says Enron's tariffs are too expensive, has since late May
refused to draw power from the plant and rescinded its power-purchasing
contract - a move Enron says is invalid.
Enron insists that the tariff, which is about three times higher than that
levied by Indian power producers, is due to high capital and fuel costs
incurred since the contract was signed in 1995.
(c) Copyright Financial Times Ltd. All rights reserved.
http://www.ft.com.

California; Metro Desk
The State Aides Told to Sell Stock Ethics: Consultants hired for power crisis
must dispose of shares in generating firms.
ERIC BAILEY; JEFFREY L. RABIN
TIMES STAFF WRITERS

07/19/2001
Los Angeles Times
Home Edition
B-10
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- Facing criticism over possible conflicts of interest, Davis
administration officials on Wednesday ordered consultants steering California
through the energy crisis to sell off stock they own in power firms--or lose
their jobs.
A top legal aide to Gov. Gray Davis said private consultants who were hanging
on to power company stock had failed to uphold the state's highest ethical
standards.
Nine consultants under contract with the state have reported holding stock in
power companies, including Calpine and Enron, that have reaped huge profits
during California's energy crunch.
Political foes of the governor, most notably Secretary of State Bill Jones,
have raised questions in recent weeks about potential conflicts involving the
consultants, who helped buy power and negotiate long-term contracts that
critics say will saddle consumers with artificially high electricity costs
for years to come.
The administration's tough stance Thursday with the consultants punctuates a
startling change of tactics.
For months, Davis' aides had not required the consultants to file financial
disclosure forms to report their personal stock holdings. By law, the
disclosure documents must be filed within 30 days of going on the state
payroll. The reports were filed after Jones began putting pressure on the
governor last week.
Barry Goode, the governor's legal affairs secretary, dispatched a letter
early Wednesday demanding that the consultants sell the stock by noon that
day or face termination of their state contracts.
"It is imperative that you give this instruction, immediately, to each of the
consultants," Goode said in his letter to the state Department of Water
Resources, which has taken over from California's beleaguered private
utilities the job of buying power.
"We expect, and have always expected, the state's consultants to uphold the
highest ethical standards," Goode wrote. "That standard is not met by those
who hold a financial interest in one or more energy companies while trading
on behalf of the state on energy related matters."
Goode's admonishment was conveyed by Tom Hannigan, water resources director,
to 34 consultants who are on contract with the department, among them the
nine contract employees who reported holding shares in generating firms.
Steve Maviglio, the governor's spokesman, said all the consultants holding
stock had agreed to sell it by the noon deadline.
But the stock sales did not satisfy Jones, who plans to challenge Davis in
next year's election.
He characterized the administration's action Wednesday as "way too little and
too late."
Although the energy crisis and the hiring of numerous consultants on short
notice represents an unusual situation, the governor's staff should have been
aware of the conflict-of-interest issue, said Bob Stern, president of the
Center for Government Studies in Los Angeles and an author of the state's
Political Reform Act.
"Somebody," he said, "was asleep at the switch in the governor's office."
"We are talking here about major amounts of money," Stern said. "You don't
get involved with decisions that affect your financial interest."
Of the consultants who filed disclosure reports last week, six reported that
they own stock in Calpine Corp. One reported holding stock in Enron Corp. One
of those seven resigned her state consultant's job a few days ago.
The latest conflict-of-interest statements, filed earlier this week, reveal
that three other consultants own energy company stock.
Mark Skowronski, who works for the Electric Power group, owned $10,000 to
$100,000 in stock in power producer Reliant Energy Inc. when he went to work
for the state.
In a note attached to his disclosure form, Skowronski said he sold his shares
in Reliant on March 20 after he was given the assignment as the lead state
negotiator with the company. He continues to own four blocks of Edison stock,
each valued at $10,000 to $100,000, which he bought in January and February.
"I have had no dealings with Edison and have not had a conflict of interest,"
Skowronski said in his attached note.
Ronald O. Nichols, another consultant, reported that in April that he bought
$10,000 to $100,000 worth of stock in Enron and General Electric.
In a statement filed Monday, consultant Sumner W. White reported that he owns
$2,000 to $10,000 in stock in TXU Corp., a Dallas-based energy holding
company.
White also reported that he had income of $10,000 to $100,000 as a
part-owner, executive vice president and director of SRW Group, a Texas
independent power developer.

Companies: European Companies

07/19/2001
The Wall Street Journal Europe
5
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Enel Narrows the Field
To 3 Bidders for Elettrogen
ROME -- Italian utility Enel SpA said that after a first round of offers
there were three groups left in the race for its electricity-generating
company Elettrogen, which experts say is valued at least 5.5 trillion lire
(2.84 billion euros).
The bidders left in the contest are Edison-Sondel, units of agro-energy
conglomerate Montedison SpA; Italpower, a consortium of Swiss-based ATEL AG,
the municipal utilities of Milan, Turin and Rome, steel group Carlo Tassara
SpA and Banca di Roma SpA; and a consortium led by Spain's Endesa SA that
includes Asm Brescia and Spanish bank Banco Santander Central Hispano SA.
Sinergia, a consortium including Austria's Oesterreichische
Elektrizitaetswirtschafts AG Verbundgesellschaft, Italian holding company CIR
and U.S. company Mirant Corp., was excluded from the race.
"On the basis of the offers received (Wednesday), Enel has selected the three
potential buyers who have put forward the highest bids," Enel said, adding
that the next round of offers is expected Friday.
Enel didn't say how much the bids were, but Italian news agency ANSA said
people close to the deal said the highest price offered Wednesday was equal
to 5.044 trillion lire. Enel wouldn't comment on the numbers.
People close to the deal said the next round of bids would start from the
highest price offered Wednesday plus an extra 15 million euros. (Dow Jones)
---
Exxon Is Interested in Dolphin
DUBAI -- Exxon Mobil Corp. is interested in participating in the $4 billion
(4.66 billion euro) Dolphin Gas project, a plan between the UAE Offsets Group
and Qatar Petroleum to transport natural gas from Qatar to Abu Dhabi and
Dubai, the official Emirates News Agency, or WAM, reported. An Exxon Mobil
official and the United Arab Emirates' foreign minister discussed the issue
Wednesday, WAM said. The Dolphin project aims to transport two billion cubic
feet a day of natural gas from Qatar's offshore North Field to the U.A.E. In
May, Enron Corp. sold its 24.5% stake in Dolphin back to Offsets, freeing up
its share for another potential strategic partner. TotalFinaElf SA is
Offsets' other strategic partner, holding a 24.5% stake in the project. (Dow
Jones)
---
Nokia to Supply Omnitel
HELSINKI -- Nokia Corp., the world's largest cellphone maker, will provide
network equipment for Italian operator Omnitel Vodafone in a contract valued
at 150 million euros, the company said. The three-year deal includes
delivering third-generation mobile-phone network infrastructure equipment and
services, Nokia said. Deliveries will begin immediately and services will be
launched for commercial use during the second half of 2002. As part of the
agreement, Nokia and Omnitel plan to establish a center in Milan to develop
3G applications and a technology testing center. Omnitel Vodafone is a
wireless operator with more than 16 million customers. Omnitel became part of
the Vodafone group last year. (AP)
---
KPNQwest Has Collection Woes
AMSTERDAM -- KPNQwest NV confirmed Wednesday that a second client may be
having payment problems. Canada's 360networks isn't likely to be paying the
full amount of a 160 million euro order for fiber from KPNQwest in Europe, or
even very much of it, because the company recently filed for protection from
creditors in Canada and for Chapter 11 bankruptcy protection in the U.S.
"We're not holding our breath (on receiving more money from 360networks);
let's put it that way," said KPNQwest's head of investor relations, Jerry
Yohananov. 360networks couldn't immediately be reached for comment. (Dow
Jones)

National Desk; Section A
Accounting Office Demands Energy Task Force Records
By JEFF GERTH

07/19/2001
The New York Times
Page 20, Column 1
c. 2001 New York Times Company

WASHINGTON, July 18 -- After two months of unsuccessful requests, the General
Accounting Office demanded today that Vice President Dick Cheney turn over
records relating to how his energy task force developed its policies.
The demand letter, by the Congressional auditing office acting at the request
of two ranking Democratic House members, increases the possibility of a legal
and constitutional clash between Congress and the Bush administration.
A White House spokeswoman, Anne Womack, said the letter was ''under review,
and we're going to continue to work with the G.A.O. to try and resolve this
issue appropriately.''
Last month Mr. Cheney's counsel told the office that it lacked jurisdiction
over the task force because the panel acted only as an adviser to the
president, a function protected by the Constitution.
The White House has 20 days to respond to the letter. The accounting office
could then go to federal court to try to enforce the demand letter, one of 32
issued by the G.A.O. since 1980 to various federal departments. This is the
first time a demand letter has been sent to a vice president, accounting
office officials said.
The letter seeks information about people with whom Mr. Cheney and other task
force members met while developing the group's policies, but not information
about ''the deliberative process.'' Mr. Cheney has said that the task force's
report in May, which contained more than 100 recommendations involving energy
production, infrastructure, conservation and the environment, was based on
sound public policy considerations.
In an interview tonight on ''The NewsHour with Jim Lehrer,'' broadcast on
PBS, Mr. Cheney said the task force realized at the outset that it had to
have an ''adequate concern for the environment in this report, or we're not
going to have a credible report.''
But some Democrats and other critics say energy industry executives and their
lobbyists had too much influence over Mr. Cheney's plan, while environmental
and consumer groups were ignored or treated perfunctorily. And the vice
president's refusal to release the names of people who contacted the task
force led two of his chief critics, Representatives Henry A. Waxman of
California and John D. Dingell of Michigan, both Democrats, to bring in the
accounting office for a closer look.
Mr. Cheney has acknowledged meeting with energy executives, including Kenneth
L. Lay, the chairman of the Enron Corporation, but denies that they exercised
any undue influence on the deliberations.
''The idea that somehow only the energy industry has access just simply isn't
true,'' Mr. Cheney said in an interview last spring. ''We'll make decisions
on what we think makes sound public policy.''
Juleanna Glover Weiss, Mr. Cheney's spokeswoman, declined to discuss any
specific meetings involving the task force or the vice president.
''We don't release the vice president's schedule,'' Ms. Weiss said.
More broadly, however, she said Mr. Cheney's task force -- the National
Energy Policy Development Group, composed of cabinet officers and other
government officials -- met with many elected officials, organizations and
outside interests. The group's report was released on May 17, and many of its
recommendations require further action by Congress and government agencies.
Mr. Cheney's counselor, Mary Matalin, said Democrats should now look to the
aftermath of the report instead of the group's deliberations.
''If they want to know what happened in the meetings, look at what it spawned
in legislation that is on the Hill,'' Ms. Matalin said.
And since the report's release, Mr. Cheney has met with some
environmentalists, his spokeswoman said.
Some environmental groups said today that this was too little and too late.
''Industry has had direct access to key decision makers while representatives
of the public interest and environmental communities are left to the
sidelines,'' said Alyssondra Campaigne, the legislative director for the
Natural Resources Defense Council, which has been unsuccessful in seeking
task force records under the Freedom of Information Act.
The accounting office's letter demands five sets of records: names and
attendees at meetings of the energy group; information about the group's six
professional staff members; details of meetings between the staff and others,
including lobbyists; details of Mr. Cheney's meetings with others and cost
accounting records for the group, for which Mr. Cheney's office has already
turned over 77 pages.
The accounting office claims broad authority to examine government programs
under the Budget and Accounting Act of 1921.
The request by Mr. Waxman and Mr. Dingell led the G.A.O. to approach Mr.
Cheney's office first on May 8. Mr. Cheney's counsel, David S. Addington,
later questioned the appropriateness of the request and sent a letter
challenging the accounting office's legal authority.
Mr. Addington's letter of June 7 suggested a constitutional privilege. It
said the policy group was acting in a constitutional capacity as adviser to
the president so it was not a government program subject to Congressional
oversight. The group's senior staff members are actually paid through the
Department of Energy, White House officials said.
Last week, lawyers from the White House and the Justice Department discussed
the request with officials from the accounting office, but the matter
remained unresolved.
Today's demand letter, signed by Anthony Gamboa, the agency's general
counsel, is a formal enforcement mechanism. While it may resemble a subpoena
in some respects, agency officials said it had a unique standing by statute
that ultimately resided in federal court.
The accounting office infrequently uses demand letters.
''We worked very hard not to get to this point,'' said Bob Robinson, managing
director for natural resources and environment at the office.
Mr. Robinson said other parts of the executive branch involved in the task
force, including the Departments of Interior and Energy and the Environmental
Protection Agency, had begun providing information, though only at the last
minute.

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

California Power Consultants Must Sell Stocks, L.A. Times Says
2001-07-19 08:20 (New York)

     Washington, July 19 (Bloomberg) -- California Governor Gray
Davis's administration ordered consultants handling the management
of California's energy crisis to sell their stock in power
companies, the Los Angeles Times reported.
     Political foes of the governor, including Secretary of State
Bill Jones, raised questions about potential conflicts of interest
involving the consultants, who helped the state negotiate long-
term contracts with power companies, the paper said.
     A letter early yesterday was sent by the governor's legal
affairs secretary, Barry Goode, demanding that the 34 consultants
under contract with the state sell their stock by noon yesterday
or face termination of their contracts, the paper said.
     Nine consultants under contract with the state have reported
owning stock in power companies such as Enron Corp. and Calpine
Corp., which have made large profits during the state's energy
crisis, the paper said.

(LATM 7/19 A8)
For the Web site of the Los Angeles Times, click {LATM <GO>}.

--Bill Murray in Washington (202) 624-1963 or
wmurray1@bloomberg.net /jo


Kim-- how does this relate to the CalPx bankruptcy? Does the automatic stay
affect this? I would like to check with bankruptcy counsel?

-----Original Message-----
From: Kimberly Curry [mailto:kcurry@bracepatt.com]
Sent: Thursday, March 15, 2001 7:24 PM
To: dvermillion@avistaenergy.com; rreilley@coral-energy.com;
mhain@ect.enron.com; smara@enron.com; snovose@enron.com;
kzeitlin@mofo.com; rloeffler@mofo.com; jmcgrane@morganlewis.com;
john.fryer@pacificorp.com; timothy.bolden@pinnaclewest.com;
dmperlman@powersrc.com; rosteen@powersrc.com; paramfjord@stoel.com;
rcjosephson@stoel.com; sjkaplan@stoel.com; gdb@vnf.com; hes@vnf.com
Subject: Answer in Opposition

All:

Attached is a draft of our Answer in Opposition to the PX's February 26
Request for Clarification, on in the Alternative, Request for Rehearing, of
FERC's Feb. 14 Order Rejecting its proposal to relax its creditworthiness
requirements.  If you have any comments or revisions, please let me know as
soon as possible.  You may contact me by return email, or by phone at (202)
828-7623.

Kim


"United We Stand" Big E Caf?

Friday, September 28
11:30 a.m. - 1 p.m.
Antioch Park

Patriotic Music
featuring
The Salvation Army Harbor Light Choir

Free mementos for everyone!

"United We Stand" t-shirts will be on sale for $6.00 outside on the Andrews side of the Enron Building this Wednesday and Thursday, 11 a.m. - 1 p.m., and at the event on Friday.  Cash and checks will be accepted.

Wear your t-shirt or red, white and blue on Friday!

You'll be able to sign two large banners that will be displayed by local employees to honor the people of New York and Washington D.C.

You'll also be able to sign personal letters that will be included in care packages for the firefighters involved in the New York recovery efforts.

James Coney Island will serve hot dogs, hamburgers, veggie burgers, chips and apple pie for $5.00.

See you there!


We may not want to do this if this means that ENA becomes a MAP, if it is not
one already.

From: Alan Aronowitz@ECT on 11/09/2000 05:35 PM
To: Marcus Nettelton/NA/Enron@ENRON
cc:

Subject: Re: ISDA Agreements/Structure

FYI.
----- Forwarded by Alan Aronowitz/HOU/ECT on 11/09/2000 05:35 PM -----

	Janine Juggins
	11/09/2000 11:20 AM

		 To: Justin Boyd/LON/ECT@ECT, Craig Young/NY/ECT@ECT, David P
Tregar/EU/Enron@Enron, Mark Taylor/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT
		 cc: Tina Ward/LON/ECT@ECT, Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Re: ISDA Agreements/Structure

Sorry for the delay in confirming this point.

Enron Trading Services Inc ("ETSI") can act as agent for ENA in arranging
transactions with North American Metals customers, so as to take advantage of
the ENA ISDAs with the respective customers.

ENA will need to pay compensation to ETSI for its services as agent, and a
services agreement will therefore need to be put in place.

ENA will then need to enter into a back to back transaction with Enron Metals
Limited. The back to back transaction will need to
1. transfer the economic metals postion to Enron Metals Limited; and
2. recover the cost of the service fee paid to ETSI; and
3. leave a margin to cover the credit risk assumed by ENA (this margin needs
to be at market rates). If no credit spread is to be left in ENA, the back to
back contract will need to be written such that all credit risk is passed
through to Enron Metals Limited (ie ENA does not pay Enron Metals Limited
unless ENA is paid by the customer).

Regards
Janine

Justin Boyd
03/11/2000 16:51
To: Janine Juggins/LON/ECT@ECT
cc:

Subject: ISDA Agreements/Structure

Hi Janine

In my absence next week, could I ask you to think about the tax issues.,
etc....thanks! -

J
---------------------- Forwarded by Justin Boyd/LON/ECT on 03/11/2000 16:53
---------------------------

Craig Young
30/10/2000 17:12
To: David P Tregar/EU/Enron@Enron, Justin Boyd/LON/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT
cc: Craig Young/NY/ECT@ECT

Subject: ISDA Agreements/Structure

Justin

Could you recape current status of Enron North American/Enreon Corp ISDA
agreements for U.S. clients. We are on hold with clients/ability to trade

Craig Young


Hi Joe,
Can you tell me what times the wires were sent today?
Shemin
Shemin V. Proctor


why did i get this?
---------------------- Forwarded by Eric Bass/HOU/ECT on 01/23/2001 08:43 AM
---------------------------

Southwest Airlines <ticketless-confirmations-help@email2.southwest.com> on
01/23/2001 06:39:01 AM
Please respond to Southwest Airlines
<ticketless-confirmations-help@email2.southwest.com>
To: ebass@enron.com
cc:
Subject: Ticketless Itinerary

This e-mail contains Southwest Airlines Ticketless
Travel information and is being sent to you at the
request of the Purchaser, Passenger, or individual
responsible for arranging this air travel.

************ CONFIRMATION NUMBER *************

7PNHN8

Important: Please provide confirmation number and positive
I.D. at the gate 1 hour prior to scheduled departure to
receive a boarding pass for your flight.

Snack Service:  If your total flight itinerary includes a series
of flights that each are less than two hours in duration, you
will be served peanuts/raisins on each flight segment.  If
your itinerary includes any nonstop flight longer than two
hours, you will be served a packaged snack on that flight
segment.  Southwest Airlines does not serve sandwiches
or meals, however, you may bring somthing to eat on board.

***************** PASSENGER(S) *********************

SHANNA HUSSER

***************** ITINERARY **************************

Friday, March 23 - Houston Hobby to New Orleans

Flight 1266
Depart Houston Hobby (HOU) at 2:35 PM and
arrive in New Orleans (MSY) at 3:30 PM.

Sunday, March 25 - New Orleans to Houston Hobby

Flight 2023
Depart New Orleans (MSY) at 8:25 PM and
arrive in Houston Hobby (HOU) at 9:30 PM.

Thank you for purchasing Southwest Airlines
Ticketless Travel. For questions or changes
concerning your reservation, call 1-800-I-FLY-SWA
(1-800-435-9792).

This is an itinerary only and is not considered a
receipt.

*See Southwest Airlines Checkin Requirements,
Refund Information, and Conditions of Contract below.

*************** CLICK 'N SAVE ************************

Subscribe at www.southwest.com/email to receive email
notice of the lowest one-way fares available only on
southwest.com

********** CHECKIN REQUIREMENTS ***************

Southwest Airlines Ticketless Travel is nontransferable.
Positive identification is required at time of check-in.

Customer Check-in Requirement - Customers who do not
claim their reservations at the departure gate desk at
least ten (10) minutes before scheduled departure time
will have their reserved space canceled and will not be
eligible for denied boarding compensation.

********* REFUND INFORMATION ******************

Any change to this itinerary may result in a
fare increase. If you do not travel on this itinerary,
you may qualify for a refund or an exchange. To make
application for a refund of any unused air fare,
please write:

Southwest Airlines Refunds Department
6RF, P.O. Box 36611,
Dallas, TX 75235-1611.

Refund requests must include your confirmation number,
date of travel and flight number, and all credit card
billing information including the amount and purchase
reference numbers.

*********** CONDITIONS OF CONTRACT ***********

Southwest Airlines Co. - Notice of Incorporated Terms -
This notice is part of the Conditions of Contract. Air
transportation by Southwest Airlines is subject to
Southwest Airlines' Passenger Contract of Carriage, the
terms of which are herein incorporated by reference.
Incorporated terms include, but are not restricted to:

(1) Limits on liability for baggage, including fragile or
perishable goods, and availability of excess valuation
coverage. Baggage liability is limited to $2,500 per
Customer unless you purchase excess valuation liability
coverage.
Exception: Carrier will not be responsible for money,
jewelry, cameras, video and electronic equipment, including
computers, silverware, negotiable papers, securities,
business documents, samples, items intended for sale,
paintings, antiques, artifacts, manuscripts, furs,
irreplacable books or publications, and similar valuables
contained in checked or unchecked baggage.

(2) Claims restrictions, including time periods in which
Customers must file a claim or sue Southwest.

(3) Our rights to change terms of the Contract.

(4) Rules on reservations, check-in times, refusal to carry
and smoking.

(5) Our rights and limits of liability for delay or failure
to perform service, including schedule changes,
substitution of alternate air carriers or aircraft and
rerouting.

(6) Airline flights may be overbooked. If we deny you
boarding due to an oversale and you have checked in at the
gate at least 10 minutes before scheduled departure, with
few exceptions, we compensate you.

(7) Southwest reserves the right to refuse carriage to any
person who is not able to produce positive identification.
You may inspect the Contract of Carriage, or obtain a copy
by sending a request to:

Southwest Airlines Co.
VP of Customer Relations,
P.O. Box 36647,
Love Field,
Dallas, TX 75235-1647.

**************** PRIVACY POLICY ******************

Read about Southwest Airlines' privacy policy at
www.southwest.com/traveler_info/privacy_policy.html .

Should you wish to forward or distribute this message to
others, please do so only with the express permission
of the passenger(s) traveling. If you are not an
intended recipient or if you have received this message
in error, please promptly delete this message. Thank
you for your cooperation and consideration.


Attached please find soft copy of Watson Farley & William's legal opinion
dated 28 July 2000. I have also faxed over hard copies.

Britt - I look forward to speaking with you, Harry, Richard and Alan on
Monday 8am Houston Time. I will call you at your office.

Regards
Matt
---------------------- Forwarded by Matthias Lee/SIN/ECT on 07/29/2000 11:46
AM ---------------------------

jlow@wfw.com on 07/28/2000 11:53:49 PM
To: matthias.Lee@enron.com
cc: ngregson@wfw.com

Subject: "Pacific Virgo" - C/P 13.6.00

Dear Matt

Please see attached.

Best regards

Neale Gregson

(See attached file: 18028707.doc)

 - 18028707.doc


Sally -

We had a conversation today with Kishkill.  He said that he was more interested in just understanding how the back office was presently working.  His concern is that the volumes will be picking up substantially in Sept./ Oct.  and we will not be properly staffed.  He also said that he would be back here towards the end of June and he would try to meet with you.

If the volume picks up significantly,  we should look into the following (in my view):

1.  Setting up the back office shop in South America,  or
2.  At least hiring a back office liason between the two offices so that both commercial and controls have a comfort level.

Jeff


Enron announces UNLIMITED discounted AstroWorld tickets for employees.

Due to overwhelming employee feedback, we have negotiated unlimited
discounted AstroWorld tickets for you and your family in place of the
traditional "Enron Day At AstroWorld."  We hope this will allow Enron
families to plan their fun-filled summer trips to AstroWorld at their own
convenience.  Enron AstroWorld tickets are $20.56 (Retail $50), which
includes admission for one, plus a $7 meal ticket to one of five restaurants
at AstroWorld.

Six Flags AstroWorld is a world-class family entertainment complex filled
with exciting rides and attractions, including 10 heart-pounding coasters,
over  40 blockbuster shows, interactive street entertainers and star-studded
concerts.  Enron families will be able to purchase unlimited tickets for use
anytime during the 2001 season.

Tickets will be on sale at Enron's Federal Credit Union, EB0399.  Visit the
credit union in person to make your purchases.  AstroWorld tickets will not
be mailed.  Enron employees who are not already Enron FCU members may pay by
cash or money order only.  All Enron Employees are encouraged to take
advantage of this great summer fun deal and may purchase tickets through
August 30th.


Steve:
I am waiting on my credit person to get back to me.  I know that he is out
for a good portion of this week but I will continue to follow up with him.
Have you made any decisions about the amendment to the BT Agreement that we
discussed a few weeks ago?
Carol


Heather Kroll


Here are a few examples of the summary I send out each afternoon. I've sent
four as attached documents and one just pasted into the e-mail. Use whichever
works best for you, and let me know if you need more.

Thanks,
Kate


Attached, please find the latest information from the direct access
coalition.

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Message-ID: <F1011D165600D411AC5400D0B720EE10A621F8@SFOXMB1>
From: "Fairchild, Tracy" <tracy.fairchild@edelman.com>
To: dhunter@smithandkempton.com, brbarkovich@earthlink.net,
wbooth@booth-law.com, drothrock@cmta.net, jackson_gualco@gualcogroup.com,
kmills@cfbf.com, kmccrea@sablaw.com, mday@gmssr.com,  nplotkin@tfglobby.com,
spahnn@hnks.com, wlarson@calstate.edu,  vincent.stewart@ucop.edu,
gharrison@calstate.edu, sgovenar@govadv.com,  hgovenar@govadv.com,
smccubbi@enron.com, lhastings@cagrocers.com,  theo@ppallc.com,
cra@calretailers.com, mmoretti@calhealth.org,  wbrown@lhom.com,
randy_britt@robinsonsmay.com, "DiMare, Dominic"
<Dominic.DiMare@calchamber.com>, vjw@ceert.org, rcavanagh@nrdc.org,
rochmanm@spurr-remac.org, rrichter@calhealth.org, ken_pietrelli@ocli.com,
dennis.flatt@kp.org, richard.seguin@kp.org, arm@phaser.com,
djsmith@smithandkempton.com, "Fairchild, Tracy"
<tracy.fairchild@edelman.com>, "Allen, Stevan"  <stevan.allen@edelman.com>,
"Beiser, Megan" <Megan.Beiser@edelman.com>,  "Manuel, Erica"
<Erica.Manuel@edelman.com>, "Warner, Jami"  <jami.warner@edelman.com>
Subject: Direct Access Coalition Media Plan
Date: Tue, 27 Feb 2001 22:46:28 -0500
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Hello to the Direct Access Coalition:

Below you will find a summary of the press strategy that Edelman Public
Relations intends to employ over the coming weeks in collaboration with the
Alliance for Retail Energy Markets and the broader Direct Access Coalition.
I will also outline the information that I need from Direct Access Coalition
members who are willing to be involved in media outreach and interviews.
And finally, I have attached supporting documents that you can use as
background material to prep for your responses to any media inquiries that
you may receive.

This Week

1.   We are drafting a "pitch letter" to send out by the end of this week
via blast e-mail and fax to the following media lists: 1)capitol press corps
reporters; 2) mainstream media reporters working the energy crisis; and 3)
trade media.  We may also outreach to our editorial board list as well.  Our
pitch will be focused on what it will really mean for small business and C&I
customers to lose the option of retail choice at a time when they are
suffering the financial hardships of skyrocketing energy bills. We will
address the effect on California's future business climate if direct access
is not preserved through legislation that corrects the problems that AB1x
caused for retail choice.  And finally, we will address the point that no
matter what direction California ultimately takes, direct access must be a
part of the solution.  Reporters have seen the recent polls which illustrate
California businesses' concerns with the path the state is on so this is a
prime opportunity to build on those recent media stories.

2.    We recommend a conference call with AReM and the Direct Access
Coalition on Friday to address the questions and suggestions on the press
strategy outlined here.

3.     Determine which people in the Direct Access Coalition are willing to
take media calls on behalf of the coalition.

Next Week

1.   Follow up with key reporters who received the pitch letter.

2.   Evaluate the language of SB 27x and determine whether there will be an
opportunity to hold a news conference with Sen. Bowen in the near future.
Monitor movement at the PUC and determine whether a press conference may be
effective in this arena, or whether we may need to use the option of sending
a media alert before the March 7 hearing, followed by a news release after
the hearing.

3.   Place op-eds (opinion pieces) with key newspapers.

4.   Contact radio news shows and TV public affairs shows (i.e. California
Capitol Week and the California Report) to secure
media interviews.

5.    Revise the SB 27x fact sheet (attached) to reflect the realities of
the amended language in SB 27x.

 What We Need From You

1.  If you are willing to speak with the media, or you have
customers/clients with a positive direct access story to tell, please
respond to this email as soon as you can with your name and contact
information.

2.  If you have draft op-eds written that need to be placed with newspapers
on behalf of your association and the broader coalition, we are willing to
do this for the you.

3.  If you have colleagues and/or staff that are already working with the
media it would be helpful to have this information so that we can
collaborate as necessary.

The Documents Below

>  All documents are works in progress, so if you have suggestions on
> potential changes, please feel free to share them with us.
>

Thank you.

>  <<AREM Fact Sheet 2212001 ver 2272001.doc>>
>  <<Q&A @ ESP Reversions 22701.doc>>  <<AReM FAQ FINAL3.doc>>  <<AREM Fact
> FINAL3.doc>>
>
> Tracy Fairchild
> Account Supervisor
> Edelman Public Relations Worldwide
> (916) 442-2331
> tracy.fairchild@edelman.com
>

 - AREM Fact Sheet 2212001 ver 2272001.doc
 - Q&A @ ESP Reversions 22701.doc
 - AReM FAQ FINAL3.doc
 - AREM Fact FINAL3.doc


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Jeff:

I did a final draft of the one-pager I sent you earlier. I am attaching it
here as it communicates the idea better. Please send along to whomever you
feel should recieve it and let me know when I can contact who & when. I will
be traveling on Friday am for 1 week.
Thank you.
Joe Alcantara

 - DearJeffreyIII.doc


---------------------- Forwarded by Valarie Sabo/PDX/ECT on 03/08/2001 09:01
PM ---------------------------
From: Valarie Sabo on 02/07/2001 01:01 PM
To: Matt Motley/PDX/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Tim
Belden/HOU/ECT@ECT, Mark Fischer/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Sean
Crandall/PDX/ECT@ECT, Diana Scholtes/HOU/ECT@ECT
cc:
Subject: transmission valuation in portcalc

We have deals 470788, STSW
146517, LTNW
205218, LTWTRANS
426855 LTSW

which are transmission deals.  The correlation for these are contained in the
West Correlation file in M/power2/region.  The correlation for these delivery
points and basis points don't match what Houston's RAROC  office has.

Please review the attached spread sheet and email me the correlation you want
to use for valuing the tranny deals.  As soon as we agree on the correlation
and change them in West Correlation and/or RAROC, I'll re-run the mini-books,
and we can release the deals into mark to market as we want.

(Matt's correlation have already been reviewed but not yet changed, you're
done Matt.)

Please let me know if you have any questions or points of discussion.  If you
could respond by Monday, Feb 12, that'd be good.  Thanks!


Gerald:  To the best of my knowledge ENA nor ECC nor EEL has an agreement
with or pertaining to IroquoisGas Transmission System, Inc.
K

Gerald Nemec
05/03/2000 09:53 AM
To: Kay Young/HOU/ECT@ECT
cc:
Subject: Data Sheet

Kay,  Please see attached.  Thanks


That is great that John has an interest!   Mark


Hello everyone,

This is what I plan to hand in today.

 - Case 27_1 Daimler Benz.doc

Kimberly Kupiecki
Director
A&R Partners
kkupiecki@arpartners.com
(650) 762 2800 main
(650) 762 2825 direct
fax (650) 762 2801


Please enable Flecther Sturm to sell options


Dennis:

Attached are two "templates" for power trades confirmed under an executed
ISDA Master Agreement, one is for a swap and the other for an option (cap or
floor).  Ignore the symbols and elections which are only to feed deal terms
into our confirmation system.  The specific terms of each trade (dates,
notional quantities, price indexes and pricing, etc.) would be inserted into
the format.  I hope this helps. Sara


I have spoke with Tammie several times trying to get Russell, you and I together prior to his departure.  It has been my understanding that you are behind closed door meetings.  I wanted him to give you his take on today's events.

Please respond if you can still meet.  We are here on 32 and it is 6:09 p.m.  Hoping to catch you on your Blackberry.

Laura


Pablo,

Have we made any progress on finding out why the Northwest website is not
accessible before 7 am?  For your reference the error message is below.

The address is http://www.1line.williams.com/webbi/ebb/main.

Error 500--Internal Server Error
From RFC 2068 Hypertext Transfer Protocol -- HTTP/1.1:
10.5.1 500 Internal Server Error
The server encountered an unexpected condition which prevented it from
fulfilling the request.

Thanks.

Mat


Attached is a working group list for the Project Stanley file.

Please take a minute to review the list and provide any bulleted
information to my secretary, Joanne, at joanne.bennett@blakes.com.

Regards,

Dan

 - $1q8801!.DOC


With the help from Denis Tu and Jim Saunders I have put together an Excel
Workbook to capture project economic assumptions which will be used in DCF
analysis.  I have attached the Workbook as well as a sample filled out with
the PGAS numbers for your review.    All comments are welcomed.   cvb


FYI

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 01/24/2001 05:36 PM -----

	Kim S Theriot
	01/24/2001 05:23 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: Financial Training

Sara,
I spoke with Brent and we are going to try and have the first session next
Tues. if possible.  I will let you and Brent know for sure.  My assistant is
trying to locate a large conference room.

Kim

From: Sara Shackleton on 01/24/2001 10:52 AM
To: Kim S Theriot/HOU/ECT@ECT
cc: Brent Hendry/NA/Enron@Enron
Subject: Re: Financial Training

Kim:

I hope Portland was successful.

I'd like to go ahead and schedule two lunch sessions with the
confirm/settlements group:  the first regarding basic financial
agreements/confirmations and format, lingo, etc (very general) and the second
more specific session addressing types of financial transactions and their
basic structures.  One day next week would be great and perhaps one or two
weeks after the first session for the followup.  Please send your dates and
list of attendees.

Please let me know if you have any questions or comments.

Thanks.  Sara

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

	Kim S Theriot
	01/22/2001 07:01 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Brent Hendry/NA/Enron@Enron
		 Subject: Financial Training

Sara,
I am actually in Portland but I got your voicemail regarding setting up a
training class.  I will be back in the office on Wed. afternoon and will
compile a list of people that need to attend.  I will have my assistant try
and locate a large conference room.  I would like to do this next week if
possible.  I was thinking maybe Tues. or Wed.  I will talk to you when I
return on Wed.  Thanks!

Kim Theriot


To make sure we are all on the same page and talking to the same Bear Stearns
people (I'm getting calls from Chicago and NY.  I told NY to go away and talk
to Chicago), please have all the paperwork to open the account and all the
paperwork to transmit the actual shares flow through one person.  I nominate
Aneela Charania to take all pieces of paperwork and make sure they get to the
right person.  I spoke with Mike Bruegel at Bear (312) 663-3253 and I think
he fully understands what we are trying to do, which is simply to sell these
shares and move the cash out of the account once the trade is settled.  I
also told him the account will not stay open once the trade is done.
Obviously this is what is causing BS heartburn since they want more business,
and if it weren't for the fact that BS is the investment banker, we would not
be using BS at all.  We would go with the existing account with Morgan
Stanley.

I really appreciate everyone's help with this, but to avoid any more
confusion, please use Aneela as the point person for all document
submission.  Her phone number is 30951.  If anyone has any concerns, please
respond to the group.  Thanks again.  Donna


Peggy is going to Dallas this afternoon through Saturday.  I will be putting the girls on the bus and getting them off.  That means I will be in around 9:30 and leaving around 3:30 starting this afternoon.  I'll be available by cell (281) 384-3670 or Blackberry.

Brad


Crude 24X7 WTI Marketing Effort

Trade Count:
	278	Trades
	12.7	Millions of Barrels
	11	Counterparties Transacting Today
	29	Counterparties Transacting to Date
Comments:
2nd Highest Volume day

<Embedded Microsoft Excel Chart>
<Embedded Microsoft Excel Chart>
<Embedded Microsoft Excel Chart>


Wow.  I hope you said "no."

>>> <Joe.Stepenovitch@enron.com> 11/28/00 02:39PM >>>

Much better!!!  How are you doing?

Listen to this....She left me a message yesterday and had the nerve to ask
me to help with her bills!!!!  She has got to be kidding!!!!!!!!!!!!!
Anyway, I'll let you know what happens tomorrow after I talk to Mr. Rustay.
Have a great day and thanks for the e-mail....

-Step

"Derek Leon" <dleon@bracepatt.com> on 11/28/2000 11:05:33 AM

To:   <Joe.Stepenovitch@enron.com>
cc:

Subject:  Re: george rustay

How are you doing this morning?

>>> <Joe.Stepenovitch@enron.com> 11/27/00 06:53AM >>>

Good Morning Derek,

I just wanted to thank you for being such a good friend.  I really need
someone to talk to  and you were there for me!  I 'll never forget
that........  Anyway, I will call Mr. Rustay first thing this morning.
Thank you again for the number.

She did call me last night and I took the "HIGH" road like you said and
everything you said was going to happen did.  She is not coming back here!!
I'll let you know what Mr. Rustay says about my situation.  Thanks again
for everything.  You truly are a great friend.

-Joe Step

"Derek Leon" <dleon@bracepatt.com> on 11/26/2000 09:29:55 PM

To:   <joe.stepenovitch@enron.com>
cc:

Subject:  Re: george rustay

Joe,

This is the name and number of the attorney we talked about and the name of
the person referring you (Jenn, who works with me, is George's future
daughter-in-law).  Hope this helps - keep me posted buddy.

D-

>>> Jennifer Garnett 11/26/00 09:01PM >>>
713.940.6003


Greg,

Please call me regarding this note. I just want to be sure that everyone is in agreement. Javier feels that EGM promised EGA a 5-cent margin on LPG sales to Humberto. The lower cost LPG therefore benefits the Progasco Sales Transaction & EGM rather than ProCaribe & EGA. Your thoughts???

Paul

 -----Original Message-----
From: 	Y'Barbo, Paul
Sent:	Wednesday, May 30, 2001 11:58 AM
To:	Chavarria, Javier; Maltes, Miguel; Curran, Greg; Haeussler, Federico
Subject:	RE: LPG Supply to Humberto

Gentlemen,

It seems to me that the price should be MB plus $0.12 for every month. The last cargo purchase saw a value gain for ProCaribe through optimization of the pricing structure by using price swaps. The prices below transfer that value gain away from ProCaribe. I cannot tell if the value is being transferred to the Progasco sale or to Tropigas. Comments???

Paul

 -----Original Message-----
From: 	Chavarria, Javier
Sent:	Wednesday, May 30, 2001 9:43 AM
To:	Maltes, Miguel; Curran, Greg; Y'Barbo, Paul; Haeussler, Federico
Subject:	LPG Supply to Humberto

In order to provide Humberto the short term supply we have been talking about for a while, and to secure a 5-cent margin for Procaribe as agreed to with Mariella, we will sell him the product with the following terms:

Term:	4 months @ 1MM gal/mo.
Start Date:  On closing of Progasco sale (June)

Pricing: (depending on month of delivery)
	June		MB + 11.25
	July		MB + 11.00
	August		MB + 12.00
	September	MB + 12.00
	October		MB + 12.00

Miguel has a model contract approved by Coralina with the rest of the standard terms.  I suggest we send it to Humberto so he is ready to go by closing.
JC


If there is any possibility of doing it on Wednesday and Thursday, that would
work much better with my schedule, but I can be flexible if necessary.
Thanks very much for coordinating.

Best,
Jeff


FYI

----- Forwarded by Michelle Cash/HOU/ECT on 05/12/2000 03:40 PM -----

	Linda J Noske
	05/12/2000 03:33 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT, Peggy
Banczak/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT, Teresa G
Bushman/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT,
Barton Clark/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, Shonnie
Daniel/HOU/ECT@ECT, Peter del Vecchio/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT, Chris Gaffney/HOU/ECT@ECT,
James Grace/Corp/Enron@ENRON, Barbara N Gray/HOU/ECT@ECT, Wayne
Gresham/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Anne C
Koehler/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Travis
McCullough/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Janet H
Moore/HOU/ECT@ECT, Janice R Moore/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Gerald Nemec/HOU/ECT@ECT, Martin W Penkwitz/ENRON_DEVELOPMENT, Jason
Peters/Corp/Enron@Enron, David Portz/HOU/ECT@ECT, Michael Robinson, Elizabeth
Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Lance
Schuler-Legal/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Shari
Stack/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Lou Stoler/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT,
John Viverito/Corp/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Stuart
Zisman/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Kimberlee A
Bennick/HOU/ECT@ECT, Genia FitzGerald/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT,
Susan Flynn/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT, Ed B Hearn
III/HOU/ECT@ECT, Mary J Heinitz/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Deb
Korkmas/HOU/ECT@ECT, Matt Maxwell/Corp/Enron@ENRON, Laurie Mayer/HOU/ECT@ECT,
Mary Ogden/HOU/ECT@ECT, Debra Perlingiere/HOU/ECT@ECT, Robert
Walker/HOU/ECT@ECT, Kay Young/HOU/ECT@ECT, Merrill W Haas/HOU/ECT@ECT, Eric
Gillaspie/HOU/ECT@ECT, Richard Jeffrey/Corp/Enron@Enron, Andrea
Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Johnston/CAL/ECT@ECT, Peter
Keohane/CAL/ECT@ECT, Karen E Jones/HOU/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT,
Christian Yoder/HOU/ECT@ECT, Matthias Lee/SIN/ECT@ECT
		 cc: Suzanne Adams/HOU/ECT@ECT, Erica Braden/HOU/ECT@ECT, Sheri L
Cromwell/HOU/ECT@ECT, Dina Snow/Corp/Enron@Enron, Joya Davis/HOU/ECT@ECT,
Janette Elbertson/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Carolyn
George/Corp/Enron@ENRON, Jenny Helton/HOU/ECT@ect, Jan M King/HOU/ECT@ECT,
Taffy Milligan/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT, Linda J
Simmons/HOU/ECT@ECT, Twanda Sweet/HOU/ECT@ECT, Becky Tlucek/HOU/ECT@ECT,
Brenda Whitehead/HOU/ECT@ECT, Chaundra Woods/HOU/ECT@ECT
		 Subject: ENA LEGAL CONFERENCE 2000

Please reserve the following dates on your calendar for the ENA Legal
Conference that will be held at the Woodlands Resort and Conference Center
this year:

     October 5 & 6, 2000
Details to follow at a later date.


Louise,

I was under the misimpression that EnronOnline LLC would have employees, and,
as such, that Robert would need to be an officer.   Since that is not the
case, there is no such need.  Sorry for the confusion!

Thanks.

Michelle

Louise Kitchen
11/14/2000 01:17 PM
To: Michelle Cash/HOU/ECT@ECT
cc: Robert Jones/Corp/Enron@ENRON, Tana Jones/HOU/ECT@ECT, Andy
Zipper/Corp/Enron@Enron
Subject: EnronOnline LLC

I had an odd request come in today for Robert to become an officer of
EnronOnline LLC.  EnronOnline LLC should not be used for anything (eg we get
employed by Net Works LLC) -  I don't understand why are we using EnronOnline
LLC for HR purposes.  I have rejected the request until you get back to me as
I am concerned we are using it when we should not.

Thanks

Louise


----- Forwarded by Richard B Sanders/HOU/ECT on 10/06/2000 02:20 PM -----

	"Houlihan, Terry" <thoulihan@mdbe.com>
	09/29/2000 06:33 PM

		 To: "'richard.b.sanders@enron.com'" <richard.b.sanders@enron.com>
		 cc:
		 Subject: FW: Generator Contact List for CPUC investigation I.00-08-002

Here is the generator counsel list you requested.  If you have collected a
list of counsel for other parties, I would like to have it.

 <<Reliant--Atty List.DOC>>

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contact the sender by reply and destroy all copies of the original message.
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Postmaster@mdbe.com or call (415) 393-2000 and delete this email.

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http://www.mccutchen.com

 - Reliant--Atty List.DOC


Hi gang.  I have not changed anything on the storage deals since the middle
of last week.  I am still showing our projected ending balance on June 30th
to be 3,626,785 dth.  Let me know if you see something different.

Thanks


Talk with John Shelk in our DC office.

Jim

 -----Original Message-----
From: 	Perrino, Dave
Sent:	Monday, October 08, 2001 1:25 PM
To:	Steffes, James D.
Cc:	Nicolay, Christi L.; Comnes, Alan; Karen Denne (E-mail); Walton, Steve; Landwehr, Susan M.; Mara, Susan; Kaufman, Paul
Subject:	Causes and Lessons of the CA Electricity Crisis - by the CBO

Jim,

Last week some time I had been on the distribution of a paper published by the CBO entitled, "Causes and Lessons of the CA Electricity Crisis".  In reviewing this paper several things struck me.  The paper is not particularly accurate, they make unsubstantiated claims of market power abuse, they ignore the lack of implementation of demand-side response programs that were supposed to be a integral part of the AB1890 and they use inappropriate terms, such as "Idle" when describing plants that were unavailable because of maintenance or repair.

My reason for writing is to ask you, how politically influential is a paper like this?  Are papers published by the CBO looked at as the authority on problems, especially with those associated with the problems experienced in CA?  And if so, because of some of the mis-representations it contains, do we want to develop a fact sheet for our folks in DC to use to refute some of the claims made in this paper?

Thanks,

Dave

David F. Perrino
Director, Government Affairs
Enron Corporation
101 California Street, Suite 1950
San Francisco, CA  94111
Phone: 415.782.7801
Fax: 415.782.7854
Mobile: 415.794.8740


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I'm in--staying over Friday and flying out on Sat AM.  How far are you guys
from the scareport?  DF


Did we talk about the cap on breakage fee?
Mark Haedicke


What is the Default Rate???

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Monday, March 04, 2002 1:28 PM
To:	Bailey, Susan
Cc:	Miroballi, Angelo; Dicarlo, Louis
Subject:	more comments for the demand letter list - SS contacted 3/4/02

Baltimore Gas & Electric
Brian Russo (finance area)  410-783-3623

Someone in settlements needs to contact him to determine Default Rate since BG&E wants to pay full amount (sounds like all deals have terminated)

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


Dave and my comments were very similar...I want to forward my memo to the
larger group b/c it contains some background information for those not as
familiar with the environmental regs.

Mary Schoen
Environmental Strategies
Enron Corp
713-345-7422


We should include ISDA energy definitions, CFTC matters re energy and an
overview of power deregulation developments in North America.  I might also
add a few items about international developments and the EEI physical power
trading form.  I am thinking 4 slides at the most.  Is that what you want?

Mark


IntercontinentalExchange
                                                                                Firm Physical Natural Gas Price Bulletin
                                                                                For Natural Gas Delivered on Thursday, December  06, 2001
                                                                                (Trade Date of Wednesday, December  05, 2001)
Click here to access index history


Kate, were you able to test the Fwd Obligation Report?  Mr. Luu is ready to
push it in to production, but we wanted you to look at it and give it your ok
first.

Thanks,

Brett Pate
Enpower QA


Selected because of their outstanding performance


Reservation status has changed to CONFIRMED. See attachment.

ASSIGNMENT_REF = 30638
SELLER_CODE = AZPS
SELLER_DUNS = 958982563
CUSTOMER_CODE = EPMI
CUSTOMER_DUNS = 848921276
AFFILIATE_FLAG = 0
PATH_NAME = W/AZPS/AZPS-AZPS/FOURCORNE345 - PNPKAPS230//
POINT_OF_RECEIPT = FOURCORNE345
POINT_OF_DELIVERY = PNPKAPS230
SOURCE = FOURCORNERS
SINK = PNPK
CAPACITY = 25
CAPACITY_REQUESTED = 25
SERVICE_INCREMENT = HOURLY
TS_CLASS = FIRM
TS_TYPE = POINT_TO_POINT
TS_PERIOD = OFF_PEAK
TS_WINDOW = FIXED
TS_SUBCLASS = WHEEL
NERC_CURTAILMENT_PRIORITY = Nerc Priority 1
OTHER_CURTAILMENT_PRIORITY = Default
START_TIME = 06/01/2002
STOP_TIME = 06/01/2002
CEILING_PRICE = 1.95
OFFER_PRICE = 3.13
BID_PRICE = 3.13
PRICE_UNITS = $/mW
PRECONFIRMED = YES
ANC_SVC_LINK = N/A
ANC_SVC_REQ = N/A
POSTING_REF = 0
SALE_REF =
REQUEST_REF =
DEAL_REF =
NEGOTIATED_PRICE_FLAG =
STATUS = CONFIRMED
STATUS_NOTIFICATION = lisa.gang@enron.com
STATUS_COMMENTS =
TIME_QUEUED = 05/30/2002
RESPONSE_TIME_LIMIT =
TIME_OF_LAST_UPDATE = 05/30/2002
PRIMARY_PROVIDER_COMMENTS =
SELLER_COMMENTS =
CUSTOMER_COMMENTS = FOR INFO PLEASE CALL (503)464-5070.
SELLER_NAME = AZPS
SELLER_PHONE = 602.250.1128
SELLER_FAX = 602.250.1155
SELLER_EMAIL = oasisadm@apsc.com
CUSTOMER_NAME = Enron Power Marketing, Inc.
CUSTOMER_PHONE = (713)853-3801
CUSTOMER_FAX = (713)646-8272
CUSTOMER_EMAIL = bill.rust@enron.com
REASSIGNED_REF = 0
REASSIGNED_CAPACITY = 0
REASSIGNED_START_TIME =
REASSIGNED_STOP_TIME =


Just to make everyone aware there is a database that is now being offered through E-Source, on a trial basis, that monitors country, regulatory, economic, environmental, legal and operational risk for about 185 different countries. The database claims that it helps its users to determine the quality of conditions and level of stability encountered by investors in each country.
There is a specific Energy Section. That provides information and analysis on country risk, laws and regulations, industry overviews, and breaks down different parts of the countries energy sector. There is also some environmental analysis. The link to this section is:
http://www.worldmarketsonline.com/servlet/cats?ID=0&subSite=WEO&fromDate=20010822&pageContent=dup&refresh=true
The other section is Country Analysis and Forecast which provides information on many different types of risks and issues faced when investing in a country. The link is:
http://www.worldmarketsonline.com/servlet/cats?ID=0&subSite=WMCAF&pageContent=dup

Thanks,

Gavin Dillingham
Environmental Specialist
Enron Corp.
Gavin.Dillingham@enron.com
713-345-5961


---------------------- Forwarded by Mark Breese/HOU/ECT on 04/24/2001 11:22 AM ---------------------------

	Enron Capital Management  From:  Mark Breese                           04/24/2001 10:54 AM

To:	Bryant Frihart/ENRON@enronXgate, Sylvia S Pollan/Enron@EnronXGate, Laura Luce/Corp/Enron@Enron, Russell E Murrell/Corp/Enron@Enron@ECT, Di Mu/Enron Communications@Enron Communications, Gregg Penman/Corp/Enron@Enron@ECT, Cary M Carrabine/Corp/Enron@Enron@ECT, Robin Barbe/HOU/ECT@ECT, Ruth Concannon/HOU/ECT@ECT, Phil DeMoes/Corp/Enron@ENRON, Tammi DePaolis/Corp/Enron@ENRON, Nelson Ferries/Corp/Enron@ENRON, John Hodge/Corp/Enron@ENRON, David Jones/NA/Enron@ENRON, Gil Muhl/Corp/Enron@ENRON, John M Singer/Corp/Enron@ENRON, Maureen Smith/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, Frank W Vickers/NA/Enron@Enron, Stephanie Miller/Corp/Enron@ENRON, Philip Polsky/NA/Enron@Enron, Kim Ward/HOU/ECT@ECT, Barry Tycholiz/NA/Enron@ENRON, Thomas A Martin/Enron@EnronXGate, Janet H Wallis/Enron@EnronXGate
cc:	Joseph Deffner/Enron@EnronXGate, Tanya Rohauer/Enron@EnronXGate, Louise Kitchen/HOU/ECT@ECT, Ed McMichael/HOU/ECT@ECT
Subject:	Structure for Storage Loans / Deferred Payment Deals

The memo attached summarizes a structured deal that the market has shown some interest.

Essentially, this deal allows an LDC to defer payment for gas and avoid carrying costs (which may result in a dollar for dollar benefit to your customer's bottom line).

We have done two of these deals to date.  ENA has interest in additional deals (albeit not an infinite appetite) if the structure allows us to move them off the balance sheet.

Please review the memo and target any of your customers that may have an interest.

Each deal will require a new quote from credit and from the cost of funds group.  Gas structuring is set up to structure these deals and develop them through to execution.

Please call me with any questions at x36751


I was worried about this.  Sent it Monday night.  Kept getting bounced back.
Could you page me at 888.916.7184 and let me know that you get it?  I'm in
Portland.  Also, got Ginger's message re: paragraph on TW deal.  Steffes said
you didnt' need right away because EBR got cancelled.  When do you need and
do you want just background, or valuation calculations, too? Thanks.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 10/04/2000 08:52 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	10/02/2000 06:36 PM

		 To: Richard Shapiro/HOU/EES@EES
		 cc:
		 Subject:

Mike Kahn: 415.986.2800.  ext. 205.    Let me know how it goes.

Best,
Jeff