---------------------- Forwarded by Eric Bass/HOU/ECT on 01/04/2001 09:41 AM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           01/04/2001 08:42 AM

To: Chad Landry/HOU/ECT@ECT
cc: Timothy Blanchard/HOU/EES@EES, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@EC, Luis Mena/NA/Enron@Enron,
Brian Hoskins/Enron Communications@Enron Communications, Brian Hoskins/Enron
Communications@Enron Communications, Phillip M Love/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT
Subject: Re: FW: Big commitment

I have said it 15 times already, but I will say it again.  Texas was 4-7 in
the season prior to Mack Brown.  The program was in shambles .  Mack Brown
came in late and was unable to salvage a recruiting class his first year.  Lo
and behold Texas goes 9-3, beat Nebraska in Lincoln (No. 3 at the time with
the longest home winning streak in recent history), and destroys Miss St in
the Cotton Bowl.   Those sound like some big wins don't they?  Does it sound
familiar?  I doubt you can compare the teams that LSU beat with the teams
Texas beat.  So my point is that players get up for new coaches.  You, as LSU
fans,  fans can expect about the same next year as this year.
Next year, is Texas' year ( and I know what you will say " well that is what
you say every year"), but Mack's first true recruits will be juniors and his
first class (half his/half Mackovics) will be seniors.  So, if he doesn't win
the big game next year, then you can call him a bad coach.  I have a problem
saying he is  a bad coach after he has put together 3 straight 9 win seasons.

As a side note,  look who won the national championship game - the Big 12.
If I am not mistaken, that makes the big 12 4-3  in the bowls while the Sec
was 4-5.  If not for a bumbled extra point and a few dropped passes the 12
would be 6-1 and the sec 3-6.  I see the beginnings of a new college fb
powerhouse conference.  The Big 12 will win at least the next  2 NCs.

See ya

Chad Landry
01/03/2001 09:30 PM
To: Eric Bass/HOU/ECT@ECT
cc: Timothy Blanchard/HOU/EES@EES, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT
Subject: Re: FW: Big commitment

Looks like you guys have been having some fun during my absence.  I have a
question:  How many top recruiting classes does it take for Texas to win a
few big games in a single football season.  Dinnardo left LSU's recruiting
program in shambles.  Last year was one of the worst recruiting seasons in
LSU team history.  However, WE still managed to pull off some amazing team
victories this year.

If there is one thing I learned from watching LSU this season, its that its
nice to have talent on your team but its more important to have HEART and
PRIDE.  So keep watching your Texas big names choke and I'll keep watching
our TIGER No-Names win.

As Always, its all in Good Fun.

CKL

	Enron North America Corp.

	From:  Eric Bass                           01/03/2001 04:08 PM

To: Timothy Blanchard/HOU/EES@EES
cc: Matthew Lenhart/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Chad
Landry/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT
Subject: Re: FW: Big commitment

Oh yeah, and by the way here are the rankings . . .

http://louisianastate.rivals.com/default.asp?sid=40&p=58&sp=1
---------------------- Forwarded by Eric Bass/HOU/ECT on 01/03/2001 04:06 PM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           01/03/2001 04:06 PM

To: Timothy Blanchard/HOU/EES@EES
cc: Matthew Lenhart/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Chad
Landry/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT
Subject: Re: FW: Big commitment

Wilkerson is the number 3 prospect in the country at lineman behind Johnathon
Scott a commitment of guess who - Texas.

http://louisianastate.rivals.com/default.asp?sid=40&p=3&sp=1&pl=-13604
                      Wilkerson
http://longhornlink.rivals.com/default.asp?sid=798&p=3&sp=1&pl=-12695
                           Scott

To: Eric Bass/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT
cc:
Subject: FW: Big commitment

Raiding Texas baby!
---------------------- Forwarded by Timothy Blanchard/HOU/EES on 01/03/2001
03:44 PM ---------------------------

David Fontana
01/03/2001 03:42 PM
To: Timothy Blanchard/HOU/EES@EES
cc:
Subject: FW: Big commitment

Go Tigers!!!!!!!!!!
---------------------- Forwarded by David Fontana/HOU/EES on 01/03/2001 03:42
PM ---------------------------

ZamettoM@gtlaw.com on 01/03/2001 03:36:50 PM
To: David.Fontana@enron.com, Alex_Dmytraczenko@radian.com,
Mark_Locke2@es.adp.com
cc:
Subject: FW: Big commitment

-----Original Message-----
From: Scott Cullen [mailto:scullen@dwyercambre.com]
Sent: Wednesday, January 03, 2001 4:22 PM
To: Turner (E-mail); Bras (E-mail); Mark Zametto (E-mail)
Subject: Big commitment

We got a huge commitment today from big Ben Wilkerson, center out of
Hemphill, TX.  He is rated by Rivals as the #1 lineman prospect in the
country, and it is very rare for a center to rate so high on their list.
They keep rolling in; Marcus Spears is expected to announce on Friday.

This e-mail contains information that is confidential/privileged or both.
This information is intended only for the use of the individual or entity
named on this e-mail transmission.  Any disclosure, copying, distribution or
use of this information by any person other than the intended recipient is
prohibited.  If you have received this e-mail in error, please destroy
immediatley and contact sender.


Brett, since Enron owns NEPCO - true risk transfer under a fixed price
contract is difficult.  However, I do like the behaviour that you get from
such accountability (ie) high incentive to get done on time and on budget.
My experience with NEPCO on cost plus has been very unfavourable (don't like
#1).  I will be supportive of any structure that aligns our interests
appropriately.  You might want to bounce a few ideas off Dan.  I have already
given him a heads up on the value at stake if we can come in at the low end
of the scale and early.

Drop me a note on where you end up.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/20/2000
05:14 PM ---------------------------

Brett R Wiggs@ENRON
12/20/2000 06:07 PM
To: David W Delainey@ECT
cc: Joe Kishkill/SA/Enron@Enron
Subject: EPC for Eletrobolt

Dave:

Do you have any general guidance on how you would like for me to approach the
EPC contract with NEPCO Houston?  The three options that we currently have on
the table are:

Fixed engineering/internal costs with pass-through on external costs with fee.
Same structure with cap.
Fixed price contract.

Our last conversation was very focused on a fixed price contract.  My
conversations with Dan Leff were moving in the direction of one or two.  My
concern on a fixed price number is the timing and my negotiating position,
but I understand your issues.  Any general thoughts would be helpful.

Thanks,
Brett


Sorry I didn't get back to you sooner.  Thank you for the invite the other
day.  I just had my second child, so I am little busy.  We will be turning on
the box with natsource gas daily today.  I apologize for the inconvenience.
The information reported internally warranted suspending business with
Natsource for a few days.  I am not interested in hearing your side of the
story.  Business as usual here forward.

Sincerely,

Mike Grigsby


ditto credit -- except Idacorp Energy LP is authorized to trade WEST power only -- no east power.

Leslie

 -----Original Message-----
From: 	Jones, Tana
Sent:	Wednesday, October 03, 2001 7:06 PM
To:	Aronowitz, Alan; Calo, Andrea; Cooper, Tracy J. (EBS); Gaffney, Chris; Hansen, Leslie; Hodge, Jeffrey T.; Johnston, Greg; Keohane, Peter; Korkmas, Deb; McBride, Jane; Minns, David; Nettelton, Marcus; Powell, Mark; Rossi, Robbi; Van Hooser, Steve; Viverito, John
Subject:	FW: EOL and Clickpaper Approvals: 10-3-01

 -----Original Message-----
From: 	Lebrocq, Wendi
Sent:	Wednesday, October 03, 2001 5:30 PM
To:	Lambert, Karen; Jones, Tana; Schott, Samuel; Brackett, Debbie R.; Clark, Cynthia; Enron Europe Global CounterParty,; Sever, Stephanie; Moran, Tom; Clark, Claudia; Bradford, William S.; Lees, Lisa; Fayett, Juana; Morse, Jana; Le, Trang; Maley, Paul; O'day, Karen; Rohauer, Tanya; Lombardi, Kelly; Lindsay, Brian; EOL Call Center; Hare, Bill D.; Heffernan, Amy; Lafuze, Molly; Clark, Danny; Panus, Stephanie; Mandola, Teresa; Ebow, Amber; Arnold, Thu Pham; Coleman, Tandra; Campbell, Lesli; Lebrocq, Wendi; Taylor, Mark E (Legal); Lauer, Kara; Banner, Kimberly; Mcquade, Jennifer; George, Fraisy; Guillory, Michael; Rajaram, Aparna; Monterrey, Maribel; Curry, Ken
Subject:	EOL and Clickpaper Approvals: 10-3-01

Please see attached.

 << File: EOL 10-03-01.xls >>

Regards,

Wendi LeBrocq
3-3835


Barbara,

I will be glad to join you.

Vince

Barbara Ostdiek <ostdiek@rice.edu> on 03/02/2001 05:45:19 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Vlady Gorny

Perfect.  Thanks, Vince.

In all likelihood, it would be just fine, it is just not customary for job
talks to include others.  Again, since you are a member of the Risk
Management Chair Search Committee (you may not know of this official
capacity, but I believe it is the case), we by all means hope that you will
be able to attend the seminar as well as dinner.

I will get details on the schedules to you early next week.

bbo

At 03:38 PM 3/2/01 -0600, you wrote:
>Barbara,
>
>I called Vlady Gorny and explained that the presentation by Jorion is not
>offered
>under the umbrella of the  seminar sponsored by Enron and that it is a
>closed meeting for the School faculty.
>
>I don't think that Enron would open its job interviews to Rice observers
>who expressed interest and I made this comment to Vlady. He is OK with
>this.
>
>You can let his program director know that I have explained   to Vlady
>that it is a meeting for limited audience and that he does not expect to be
>invited.
>
>
>Please, let me know the details of the dinners.
>
>Vince


---------------------- Forwarded by David W Delainey/HOU/ECT on 02/15/2001
06:58 PM ---------------------------

	From:  Rob Milnthorp                           02/15/2001 06:32 PM

Sent by: Nella Cappelletto
To: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron
cc:
Subject: Canada 2001 Plan

As promised, please find attached the Canada 2001 Plan.

Regards, Rob


Kay:

I just spoke with Bill Blumenthal (our HSR expert).  He and Paul Hastings'
HSR expert have traded voice mails exchanging information, but have not yet
spoken.  Bill says that Delta is apparently relying on the "ordinary course"
exemption, which may be fine if all the LLC wants to do is hold turbines for
re-sale.  If the LLC works on development of a power plant, the analysis
would be different.  In any event, Bill agrees that the only safe thing to
do is provide now for the possible requirement to file later.

Prior to speaking with Bill, I also spoke with Greg Lang.  He agrees that we
should provide now for the possible requirement to file later.  He again
asserted that since this is "Enron's structure," Enron should agree to bear
50% of any filing fee.

Steve Thome indicated earlier today that Enron may be willing to bear half
of the filing fee.  Under current regulations, the filing fee will be $45k
if, at the time the put/call is exercised, the assets have a fair market
value of $50-100 million, and the filing fee will be $125k if, at the time
the put/call is exercised, the assets of the LLC have a fair market value of
$100-500 million.

Please let me know whether to advise Greg that Enron will accept
responsibility for half the filing fee.  Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

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.


----- Forwarded by Steven J Kean/NA/Enron on 11/08/2000 11:14 AM -----

	Sanjay Bhatnagar@ENRON_DEVELOPMENT
	11/08/2000 12:41 PM

		 To: Steven J Kean/NA/Enron@ENRON
		 cc:
		 Subject: Re: Draft of organization announcement

Steve:

I am discussing this draft below with Jeff Skilling. The present draft was
not agreed with me. I will get back wih you after my discussion with him.

Sanjay Bhatnagar, currently CEO of Enron India, has joined EBS as CEO for the
Middle East and Asia region. Sanjay will be responsible for building our
broadband business in this region and the current EBS team in the region will
report to Sanjay.  In this role, Sanjay will report to the EBS office of the
Chairman.  In addition, Sanjay will continue to remain responsible for Enron,
s wholesale energy business in India and will work at transitioning this
business into Enron Global Assets by March 31st, 2100 and integrating the
India Communication business into EBS.

Sanjay


I am forwarding you the information of the contact at Heinz who requested a
copy of their ISDA.  Will you please forward her a copy of the ISDA via
overnight mail or fax today.  She has requested a copy by Monday May 21.
Please let me know if you have any questions.  Thanks.

Dewann Weltmer
Heinz North America
P.O. Box 57
Pittsburgh, PA  15230-0057

email:  dewann.weltmer@hjheinz.com
Ph:  412-237-3538
Fx:  412-237-3543


---------------------- Forwarded by Darron C Giron/HOU/ECT on 11/30/2000
04:07 PM ---------------------------

Kevin Bosse
11/30/2000 11:25 AM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Fw: Texas

---------------------- Forwarded by Kevin Bosse/HOU/ECT on 11/30/2000 11:24
AM ---------------------------

	Enron North America Corp.

	From:  Derek Bailey @ ENRON                           11/30/2000 10:37 AM

To: Gregory Carraway/Corp/Enron@Enron, Kevin Bosse/HOU/ECT@ECT
cc:
Subject: Fw: Texas

POOR OL' 2 PERCENTERS!
---------------------- Forwarded by Derek Bailey/Corp/Enron on 11/30/2000
10:35 AM ---------------------------

BaileyC@Schneider.Com on 11/30/2000 10:22:33 AM
To: Derek.Bailey@enron.com, gibson.sm@pg.com
cc:

Subject: Fw: Texas

Priceless,

Colin F. Bailey
SNBC, Houston
baileyc@schneider.com
800-269-6518

(See attached file: Simms.jpg) q

 - Simms.jpg


paperloop.com
SAN FRANCISCO, July 30, 2001 (paperloop.com) - While coated paper prices declined in July because of cheaper imports and flooded domestic inventories, uncoated papers, including free-sheet, have been spared a dramatic turn by industry-wide downtime efforts and inventory management.
Even considering the increase in South Korean uncoated free-sheet and European uncoated mechanical imports, prices managed to remain relatively stable, dipping only slightly in what many producers and merchants are calling the most depressed market in over two decades. One forms bond manufacturer and one merchant both stated that, while business was "lousy," prices were holding.
However, spot market deals dramatically impacted rolls of uncoated 50-lb offset. Another trend in publishing spheres is downgrading from uncoated free-sheet to cheaper, uncoated white groundwood. Sources said that, although these groundwood alternatives do not meet all the specifications for permanence, they are being sold in increasing volumes by Abitibi-Consolidated Inc. and Alliance Forest Products Inc., which Bowater Inc. plans to acquire.
The largest grade of uncoated free-sheet in production, demand, and sales is repro bond, yet reprographic paper takes an annual downturn in the summer months due to lowered office demand and school closures. End uses for the paper are in personal printers and/or photocopiers. Most merchants expect a swell in demand in August, when schools will actively bid. Another factor in the expected increase of repro usage is the decrease in heavier trade book and offset uncoated papers.
Some paper manufacturers, praising North American mills in their choice to take downtime rather than discount across-the-board, felt that continental production has more of an impact on the domestic market than imports. From January to March of this year, the Confederation of European Paper Industries (CEPI) released figures that put uncoated mechanical exports 3.7 percent higher in the first quarter than year-to-date figures.
Indeed, extensive downtime has been the saving grace of uncoated papers over the last six months, sources said. Beginning in the first quarter with exorbitant energy costs in the U.S. West, and continuing through the lack of demand in the second and third quarters, lost tonnage has saved manufacturers the costs of energy, freight, surplus inventory, and labor.


Folks,

I am forwarding this in order for the team to focus on the naphtha issue.
Please note that:

As Phase II comes on line, Blocks B and C will first have to run on naphtha
for a period of 3-6 months
This will hit us some time in 2001, hence is a more urgent issue than LNG,
which is still a year away
If there are delays in the commissioning of the Regas terminal, the period on
naphtha could further prolong
The naphtha market is more volatile than the crude market, and is not as
deep, hence we need to take small positions early on to test the market
DPC Board has already approved a Risk Management Policy that allows for
hedging.  We may need to look into options that are costless (selling put and
buying call) to begin with, and test while only Block A is in place.
Close coordination will be required on this with the Global Markets group,
and I propose someone like Anshuman should actually be seconded onto the group
A whole plan on tools to manage the fuel risk need to be worked in close
coordination with the team on the ground

These are just some of my thoughts.  With 50% of the tariff being fuel price
dependent, this is an area that requires close attention.

Regards,
Sandeep.
---------------------- Forwarded by Sandeep Kohli/ENRON_DEVELOPMENT on
01/03/2001 10:29 AM ---------------------------

Tushar Dhruv@ENRON
01/02/2001 09:25 PM
To: Neil McGregor/SIN/ECT@ECT, Sandeep
Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mukesh
Tyagi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, pavan.dave@enron.com, Anshuman
Srivastav/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Marc De La Roche/HOU/ECT@ECT, Doug Leach/HOU/ECT@ECT
Subject: Naphtha hedge for 2001

Current level of naphtha prices and the crude futures curve being
backwardated provide an opportune time for DPC to enter into a hedge for all
or a portion of its naphtha requirements for the year 2001.  We (EFI) would
like to explore this possibility before this situation passes.  Please
advise.  Best regards,

  -- Tushar


Peter/ Andy, it's called Chino Express in English and directions are below.

>From: "John Huang" <thx_135@hotmail.com>
>To: ayueh@hotmail.com, ron_he@dell.com
>Subject: Re: Restaurant Name
>Date: Thu, 18 Oct 2001 12:23:46 -0500
>
>It's located on Beachnut, in the shopping center on the right hand side
>after Boone, if you are coming from BeltWay 8
>
>
>>From: "Amy Yueh" <ayueh@hotmail.com>
>>To: thx_135@hotmail.com, ron_he@dell.com
>>Subject: Restaurant Name
>>Date: Thu, 18 Oct 2001 12:09:24 -0500
>>
>>John/ Ron:
>>
>>Do you guys remember that Peking duck place we went to where you had to
>>call 2 hours in advance where they had that yummy spicy noodle fish dish?
>>
>>What is the name of that place and their telephone number?  and the
>>location?
>>
>>Thanks,
>>Amy  : )
>>
>

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


Did you get this from Jean?


This email confirms that you sent an auction payment for $44.00 to
ezyroll@aol.com for item# 1013259638.

View the details of this transaction online at:
https://www.paypal.com/vst/id=6N5301245K300360V

------------------------------
Auction Information
------------------------------

Auction Site: eBay
Item URL:     http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1013259638&ed=1002300969
Auction Title:   item# 1013259638
Item Number:  1013259638
Close Date:   October 05, 2001

------------------------------
Jason Wolfe's CONFIRMED Address
------------------------------

Jason Wolfe
2300 W. Alabama
Apt. 6
Houston, TX 77098
USA

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Debbie,

I'm going through some final reviews.  However, since my morning is booked, I'm going to send the presentation now.  There might be minor changes but probably not significant.

Brad


I think Jean is gong to be there - thats ok.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/12/2000
12:54 PM ---------------------------

Brian Redmond@ECT
06/12/2000 11:12 AM
To: David W Delainey/HOU/ECT@ENRON
cc:
Subject: RE: Meeting Transmissions

I will call in, and would like either Julie G. or Jene M. to attend - let me
know if this is ok.

Brian

	From:  David W Delainey @ ENRON                           06/09/2000 02:46 PM

Sent by: Beverly Stephens@ENRON
To: John J Lavorato/Corp/Enron@Enron, Kevin M Presto/HOU/ECT@ECT, Brian
Redmond/HOU/ECT@ECT
cc: Katherine Benedict/HOU/ECT@ECT, Felicia Doan/HOU/ECT@ECT, Kimberly
Hillis/HOU/ECT@ect
Subject: RE: Meeting Transmissions

Please note your calendars to reflect the following meeting:

 Date:  June 13, 2000

 Time:  10:00 am - 11:00 am

 Place:  EB 3314

 Subject: Transmissions

If you have any questions/conflicts regarding the above mentioned meeting,
please feel free to call me.

Thanks
Bev


Jana,

Sounds perfect. Look forward to meeting
you on Saturday. Any suggestions regarding the movie?

Vince

Jlpnymex@aol.com on 04/07/2000 08:28:53 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: (no subject)

Vince

You missed a really fun party last night.  The turnout was even better than
we had hoped--about 250 people.

How about Saturday, April 15 for a 5:00 pm (or so) movie and then dinner?

Have a good weekend,and I hope to see you Tuesday evening at the HEA/NYMEX
Crawfish Boil!

Jana


John,

Let me know if you have questions.

Greg


He just can't help himself.
----- Forwarded by Jeff Dasovich/NA/Enron on 12/12/2000 03:43 PM -----

	"Katie Kaplan" <kaplan@iepa.com>
	12/12/2000 02:18 PM
	Please respond to kaplan

		 To: "Pigott Jack" <jackp@calpine.com>, "Kate Castillo"
<ccastillo@riobravo-gm.com>, "Bill Carlson" <wcarlson@wm.com>, "Bill Woods"
<billw@calpine.com>, "Bob Escalante" <rescalante@riobravo-gm.com>, "Carolyn
Baker" <cabaker@duke-energy.com>, "Cody Carter" <cody.carter@williams.com>,
"Curt Hatton" <curt.hatton@gen.pge.com>, "Curtis Kebler"
<curtis_l_kebler@reliantenergy.com>, "Dave Parquet" <dparque@ect.enron.com>,
"Dean Gosselin" <dean_gosselin@fpl.com>, "Duane Nelsen"
<dnelsen@gwfpower.com>, "Ed Tomeo" <ed.tomeo@uaecorp.com>, "Eileen Koch"
<eileenk@calpine.com>, "Eric Eisenman" <eric.eisenman@neg.pge.com>, "Frank
DeRosa" <frank.derosa@gen.pge.com>, "Greg Blue" <gtbl@dynegy.com>, "Hap Boyd"
<hap.boyd@enron.com>, "Jack Pigott" <jackp@calpine.com>, "Jeff Dasovich"
<jdasovic@enron.com>, "Jim Willey" <elliottsa@earthlink.net>, "Joe Greco"
<joe.greco@uaecorp.com>, "Joe Ronan" <joer@calpine.com>, "Jonathan Weisgall"
<jweisgall@aol.com>, "Ken Hoffman" <khoffman@caithnessenergy.com>, "Kent
Fickett" <kfickett@usgen.com>, "Lynn Lednicky" <lale@dynegy.com>, "Marty
McFadden" <marty_mcfadden@ogden-energy.com>, "Paula Soos"
<paula_soos@ogden-energy.com>, "Randy Hickok" <rjhickok@duke-energy.com>,
"Rob Lamkin" <rllamkin@seiworldwide.com>, "Roger Pelote"
<roger.pelote@williams.com>, "Scott Noll" <snoll@thermoecotek.com>, "Steve
Iliff" <siliff@riobravo-gm.com>, "Steve Ponder" <steve_ponder@fpl.com>,
"Susan J Mara" <Susan_J_Mara@enron.com>, "Tony Wetzel"
<twetzel@thermoecotek.com>, "Trond Aschehoug" <taschehoug@thermoecotek.com>,
"William Hall" <wfhall2@duke-energy.com>, "Tom Ross"
<tross@mcnallytemple.com>, "Sue Mara" <smara@enron.com>, "Stephanie-Newell"
<stephanie-newell@reliantenergy.com>, "Richard Hyde"
<rwhyde@duke-energy.com>, "Paula Hall-Collins"
<paula.hall-collins@williams.com>, "Norton Kelli"
<knorton@mcnallytemple.com>, "McNally Ray" <rmcnally@mcnallytemple.com>,
"Marty Wilson" <mwilson@pstrategies.com>, "Kristin Vellandi"
<kvellandi@pstrategies.com>, "kent Palmerton" <kent.palmerton@williams.com>,
"Katie Kaplan" <kaplan@iepa.com>, "Kassandra Gough" <kgough@calpine.com>,
"Karen Edson" <kedson@ns.net>, "Julee Malinowski-Ball" <jmball@ns.net>, "John
Stout" <John_H_Stout@reliantenergy.com>, "Jeff Dasovich"
<Jeff.Dasovich@enron.com>, "Jean Munoz" <jmunoz@mcnallytemple.com>, "Jan
Smutny-Jones" <smutny@iepa.com>, "Bob Weisenmiller" <rbw@mrwassoc.com>, "B
Brown Andy" <andybrwn@earthlink.net>, "Andy Brown" <ABB@eslawfirm.com>,
"Douglas Kerner" <DKK@eslawfirm.com>
		 cc:
		 Subject: FW: Senator Peace's December 11, 2000 Letter to Jim Hoecker

FYI

Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499

 - December 11 letter to Hoecker.doc


Yes,  the "or something" part.  Did Gillaspie tell you were are going to Lil
Woodrows for suds after work today?

	ryan.ruppert@exxonmobil.com
	03/02/2001 01:05 PM

		 To: Gerald.Nemec@enron.com
		 cc:
		 Subject: Re: FW: Fw: Mullet: The Power Point Presentation

By the way, somebody was missing from bed this morning when I got up--I'm
sure you must have gotten up early to go work out or something.....

Ryan F. Ruppert
Senior Geologist
West Texas Geoscience
ExxonMobil Production Co.

396 West Greens Road #603
P.O. Box 4697
Houston, Texas 77067
713.431.1839 Telephone
713.431.1510 Facsimile

                    Gerald.Nemec@en
                    ron.com              To:     ryan.ruppert@exxonmobil.com
                                         cc:
                                         Subject:     Re: FW: Fw: Mullet: The
Power Point Presentation
                    03/02/01 11:10
                    AM

Ha  Ha Ha.  I forgot.  No need for the attitude though.

                    ryan.ruppert@exxo

                    nmobil.com               To:     Gerald.Nemec@enron.com

                                             cc:

                    03/02/2001 10:56         Subject:     Re: FW: Fw:
Mullet: The Power Point Presentation
                    AM

Your killing me G.  Attachments get stripped at our firewall.  Show me some
of this at home!

Ryan F. Ruppert
Senior Geologist
West Texas Geoscience
ExxonMobil Production Co.
396 West Greens Road #603
P.O. Box 4697
Houston, Texas 77067
713.431.1839 Telephone
713.431.1510 Facsimile


Start Date: 4/15/01; HourAhead hour: 6;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041506.txt

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 6 / Preferred: -65.00 / Final: -64.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  TRADING_SC: CRLP
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1
*** Final schedule not found for preferred schedule.
     Details:

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

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  TRADING_SC: PGAE
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


Please prepare a cahrt that looks like this for the Paribas Agreements.  I really need a copy of the UK Physical Gas Agreement.

Thanks,

Harlan E. Murphy
Enron Wholesale Services - Legal
1400 Smith Street, EB 3811
Houston, Texas 77002
Tel: 713.345.2679
Fax: 713.646.3490
E-mail: Harlan.Murphy@Enron.com


Barry Tycholiz says that the attached is in final form and should be Raised
directly with Crestar in the final state and send  to them.  Assuming they
have no problem with the paper.... we should be done on the monthly firm deal.

Therefore, please issue this negotiated GTC confirm on ENA stationary.  Stacy
Dickson has been working with Barry on this and I made the last changes which
had been negotiated.  Call if you have any questions?
----- Forwarded by Dan J Hyvl/HOU/ECT on 11/07/2000 08:49 AM -----

	Dan J Hyvl
	11/06/2000 01:15 PM

		 To: Barry Tycholiz/CAL/ECT@ECT
		 cc:
		 Subject: Re: Crestar Document

Barry,
 The attached document appears to be in final form.  It is ready to be put on
ENA stationary and sent to Crestar.  If you are going to do this please send
me a hard copy of what is sent out.  As written, the document does not need
to be signed by either party.  If you want the ENA confirm desk to send it
out, please let me know and I will forward it to them to send, however, in
each case, the document will not need to be signed by either party.  Please
advise.


Start Date: 4/17/01; HourAhead hour: 8;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041708.txt


This is not good news. As you know, this financing was very important in
helping to solve the liquidity problem. John did tell me that they had good
meetings with the Embassy this week. My experience with OPIC tells me that
with a change in administration in Washington and the concerns John mentions
in his memo, we should not count on the financing. Thanks, Joe
---------------------- Forwarded by Joseph W Sutton/ENRON_DEVELOPMENT on
09/14/2000 04:30 PM ---------------------------

	Enron International

	From:  John Hardy                           09/14/2000 02:40 PM

To: Joseph W Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Update on Azurix - Buenos Aires water project

Joe
 As an update to my earlier email on the Azurix water project, Azurix has
suspended OPIC's consideration of the project until either we are able to get
a more positive cable out of the US Embassy in Argentina or George moves on -
probably in late January.
 But the OPIC pullback together with the publicity about Rebecca's departure
has caused serious concern on the part of IDB which is now pulling back.  The
IDB has made it clear that they are concerned about Enron's intentions
regarding Azurix.  I have talked to Azurix about seeking some statement of
support from Enron so that we can address this issue head on.  You may well
be getting some communication from John Garrison on this issue.  If we can
get back on track Azurix may be able to get IDB Board approval this fall.
 Hope you are well.  thanks John


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 	  POWER MARKETS 2002:
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 	 April 17-18, 2002 Las Vegas, NV
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 	 Sponsored by The Power Marketing Association
Download Brochure at: <http://www.pmaconference.com/markets2002.pdf>

Attend the Power Marketing Association's Seventh Annual Spring Conference: Power Markets 2002: Risk and Reward, April 17-18, 2002, at the Excalibur Hotel in Las Vegas, Nevada.

We will see record numbers of new powerplants coming on line this year. New, much larger RTOs promise dramatic increases in liquidity. The Enron fallout will continue to force balance sheet improvements-- perhaps more mergers and acquisitions. Price volatility will continue, and risk management techniques will continue to be honed.

Come hear the experts who will help you survive and thrive in 2002!

Topics

Transmission and RTOs: Representatives from PJM, Cal ISO and Midwest ISO on their respective regions.

Credit: Susan Abbott of Moody's on evolving credit standards in our industry

Insurance: Scott Ettien from NCM, Lynda Clemmons from Element Re and Pat Toner Goudarzi from ACE, on Credit Insurance, Weather-risk Insurance and Innovative Insurance Products, respectively

Exchanges: Monte SImpson of InterContinental Exchange and Brad Leach of NYMEX on the growth in the use of exchanges.

Markets: Chris Pollatos of Mirant, Dave Freeman of Panda and Mike Young of Aquila on the state of various aspects of the power markets.

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thanks- I shared with my team


-----Original Message-----
From: 	Hart, Reginald
Sent:	Tuesday, January 15, 2002 10:07 AM
To:	Sewell, Doug; Carson, Mike
Subject:	Wire Transfer Confirmation
Importance:	High

ACCOUNT:  40781075      ENRON CORP-ECT CASH SVC

30201545410 SAME DAY DR TRANSFER                  227,980.00
            GID:LCT20151018600
            FED20020115B1Q8023C002525
            USER REF:TWS000378672
            REF:      TWS000378672
            ORDER:    ENA CASH SERVICES
            CR BK ID: 021000021
            CR BK:    JPMORGAN CHASE BANK FORMERLY CHASE
             MANHATTAN BANK,N.A NEW YORK, NY 10004
            BENEF:    323009980 ENTERGY KOCH TRADING LP
            DETAILS:PREPAY FOR JANUARY POWER
            INSTRUCT DATE:01/15/02 ADVICE TYPE:MAIL


Checked with EES - Bob Badeer's deals are off peak. They've been changed.

515040 - changed last night to 275

Sean Crandall is entering the last deal right now. I'll let you know the deal
number in a minute.

Thanks,
Kate

Kerri Thompson@ENRON
02/07/2001 07:27 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: apb checkout

do you know the status on the trades?  apb is calling.

Thanks

Kerri Thompson
02/06/2001 04:20 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

514918
514919
514920
514921

broker has all these deals as off peak

515040  broker has 275.00

missing deal for dianna

buy pudget
475.00
25 mw
8th
mid c
on peak

thanks


Kim-

Attached is Paul Y'Barbo's resume.  I have scheduled you for a 9:00 am interview on Wednesday, July 25th.  I'll bring him by.

Let me know of any scheduling conflicts.

Thanks,

Fran

 -----Original Message-----
From: 	Y'Barbo, Paul
Sent:	Thursday, July 19, 2001 10:57 AM
To:	Fagan, Fran
Subject:	Resume - Paul Y'Barbo

Fran,

It was nice visiting with you this morning. I am looking forward to meeting the commercial team at TW next week. Attached is my resume for your information.

Regards,

Paul


Enron Metals is considering filing a breach of contract arbitration
proceeding against Pan Ocean Ltd. and Panobulk America.

If you are aware of any reason that Pan Ocean Ltd. and Panobulk America
should not be sued, please call me at 713-345-7105 or e-mail me by the end of
business on Monday, March 26, 2001.  If I do not hear from you by then, I
will assume that you have no objection to Enron Metals instituting this
litigation.

Thanks for your assistance.


Tom and Cynthia--The SE reports includes some dings against TVA.

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


I changed the 2nd paragraph so that ABB is receiving money, not paying it.


Attached for your review is a revised letter agreement marked to show the
changes made from the draft received yesterday from F&J. Also attached is a
draft of the letter agreement with respect to the second LLC.  A draft of
the letter agreement with respect to the transformer will follow shortly.

I understand that we are to discuss these documents at 11 AM today.  In the
interest of time, these drafts are being distributed without having been
reviewed by Enron.

Regards

John L. Keffer
King & Spalding
713 751 3255
713 751 3280 (fax)
jkeffer@kslaw.com

 <<Redlined Letter Agmt CA Energy Dvlpmt I LLC.DOC>>  <<Letter Agrmt CA
Energy Dvlpmt II-A LLC.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.

 - Redlined Letter Agmt CA Energy Dvlpmt I LLC.DOC
 - Letter Agrmt CA Energy Dvlpmt II-A LLC.DOC


Naomi,

The two analysts that I have had contact with are Matt Lenhart  and Vishal
Apte.
Matt will be represented by Jeff Shankman.
Vishal joined our group in October.  He was in the Power Trading Group for
the first 9 months.
I spoke to Jim Fallon and we agreed that he should be in the excellent
category.  I just don't want Vishal
to go unrepresented since he changed groups mid year.

Call me with questions.(x37041)

Phillip Allen
West Gas Trading


Hi Rosalee:
Steve asked that I forward this to you.  I believe that Steve left you a
voicemail describing the nature of the email.

All the best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 06:51 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/15/2001 06:11 PM

		 To: jdasovic@enron.com, skean@enron.com, Richard Shapiro/NA/Enron@Enron,
James D Steffes/NA/Enron@Enron
		 cc:
		 Subject:

----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 05:57 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/15/2001 05:56 PM

		 To: jdasovic@enron.com
		 cc:
		 Subject:

Jim:
It was a pleasure speaking with you on Wednesday.  Based on our conversation,
this email includes the following:

An Enron contact to discuss developing small-scale generation on Tribal lands.

Our views on the impediments to distributed generation and suggestions on how
to remove those impediments.

A description of the credit issues that continue to impede DWR,s ability to
sign contracts with power suppliers, and options to resolve them. Two
possible options for addressing the credit issue are 1) a California PUC
order clarifying that DWR will recover its power purchase costs through
rates, and 2) an amendment to AB1X designed to accomplish the same goal.  I
have attached talking points regarding the California PUC order and proposed
amendments to AB1X.  We believe that an amendment to AB1X is the preferable
option.

Our assessment of the supply/demand picture in California.

Our suggestions for a legislative package designed to solve both the near-
and long-term electricity crisis in California.  We will deliver to your
office tomorrow detailed legislative language.  In those materials we will
also identify existing bills that we believe can easily accommodate our
proposed language.

I hope that the information is useful.  Please do not hesitate to contact me
if you would like to discuss these materials further, or if there is anything
else that I can do to assist you.

Regards,
Ken

Contact Information to Discuss Interest Expressed by Native American Tribes
in Installing Small-scale Generation on Tribal Lands

David Parquet, Vice-President
Enron North America
101 California Street, Suite 1950
San Francisco, CA 94111
Phone: 415.782.7820
Fax: 415.782.7851

2. Key Barriers to Distributed Generation

Excessive and Unnecessary Utility Stand-by Charges

Solution: The executive orders issued by the Governor on February 14th took a
step in the right direction.  Utility stand-by charges have always been
designed by the utilities to protect their monopoly position, extract
monopoly prices from customers, or both.  But there is no reason to limit the
elimination of these charges to generation facilities that are less than
1MW.  These limits will only lengthen unnecessarily the time it takes for
California to close the significant gap between supply and demand and reduce
the risk of black outs this summer.  We would propose lifting the cap by
offering amendments to SB27X, which is designed to facilitate development of
distributed generation.

Excessive delays and costs related to interconnecting facilities with
investor-owned and municipal utilities

Solution:   The Governor,s executive order regarding interconnection is a
step in the right direction*D-D-26-01 requires utilities to complete
interconnection studies within 7 days.  California should ensure that this
requirement applies to all generation facilities, including distributed
generation.  In addition, the financial conflicts the utilities face when
interconnecting generation facilities are simply too powerful to overcome
through executive orders or other regulations.  To the greatest extent
possible, California should shift control over interconnection away from the
utility and place that control with the California ISO.  This could be
accomplished through amendments to SB 27X.

Permitting and Air Quality Issues
Developers of distributed (i.e., &on-site8) generation that is 50 MWs or
greater must receive certification from the California Energy Commission and
therefore face all of the impediments to development that large-scale
generation faces.

Solution: California should ensure that the executive orders (D-22-01 thru
D-26-01) issued by the Governor to expedite plant siting and maximize plant
output apply equally to smaller scale, &distributed generation8 facilities.
In addition, distributed generation that is less than 50 MWs continues to
face local opposition.  The State should ensure that local, parochial
interests cannot block otherwise beneficial distributed generation projects.
These objectives could be accomplished through amendments to SB27X.

3. Credit Concerns Regarding Authority Granted to DWR in AB1X to Purchase
Electricity on Behalf of the Utilities

Enron responded to the RFP issued by DWR to enter into power contracts with
suppliers.
Enron is in active discussions with DWR to establish contract terms with the
goal of entering into a power purchase agreement as soon as possible.
However, ambiguities contained in AB1X have created significant credit risk
concerns that need to be resolved in order to finalize contract terms.
We understand that the lion,s share of counterparties share Enron,s credit
risk concerns.
Enron has proposed several options for resolving the credit risk issues and
is working with DWR to arrive at a solution that is mutually agreeable to
both sides and that might serve as a template for power purchase agreements
going forward.

Summary of the Source of the Credit Risk Issue

Ambiguous Ratemaking Authority
The language in AB1X is ambiguous as to whether DWR has any authority to
charge California ratepayers for the costs of purchasing power.  From our
analysis of the bill, the language in AB1X appears to leave intact the
California PUC,s exclusive jurisdiction over ratemaking in California.  As
such, suppliers have no assurance that the PUC will agree to include in rates
adequate charges to cover DWR,s costs of power purchases.

Ambiguous Regulatory Authority Regarding Contract &Prudence8
The language in AB1X leaves open the possibility that the California Public
Utilities Commission could determine that power purchases made by DWR are
&imprudent.8  On the basis of such a finding, the CPUC could then refuse to
allow DWR to collect from ratepayers the costs associated with its power
purchases.  Consequently, suppliers have no assurance that the PUC will agree
to include in rates the charges to cover the costs of power contracts that
DWR has entered into with suppliers.

Ambiguous Language Regarding the Ratemaking Mechanism that Will Be Used to
Recover DWR,s Costs of Power Purchases
In addition to the ambiguity regarding ratemaking and regulatory authority
noted above, the language in the bill is equally ambiguous with respect to
the specific ratemaking &mechanics8 that AB1X directs the PUC to employ to
permit DWR to recover its power purchase costs. Based on our analysis, it is
extremely difficult to determine how the PUC would design the rates to ensure
DWR recovers its power purchase costs.  Moreover, as currently drafted, it is
difficult to determine whether AB1X would even permit the PUC to include in
rates all of the charges necessary to fully recover DWR,s power purchase
costs.  Again, this ambiguity raises significant credit risk concerns since
suppliers have little assurance that DWR will have the ability to recover
from ratepayers the costs of purchasing power.

Options to Resolve Concerns Regarding Credit Risk

We have been working diligently with DWR officials to resolve the credit risk
issues.  We have identified three options:

Amend AB1X
The amendments, which are attached to this email, would clarify that a) the
PUC would accept as &prudent and reasonable8 all purchase costs incurred by
DWR, and b) the PUC is obligated to include in rates the charges necessary to
ensure that DWR fully recovers its costs of power purchases.  This is the
preferred option, though we understand that the there may be some political
challenges standing in the way of amending AB1X.  (See attached file
entitled, &AmendAB1X.doc8.)

Clarify the Ambiguities in AB1X through an Order Issued by the PUC, and
through Contract Language
This is the option that we are currently working with DWR officials to
implement.  However, it is more complicated and could take significantly more
time to implement than the "legislative" fix.  We have attached electronic
copies of the talking points related to the order that the California PUC
would need to issue under this option.  (See attached file entitled,
&cpuctalkingpoints.doc.8)

Make Use of Other Instruments Designed to Address Credit Risk
As indicated in our letter responding to DWR,s RFP, we are willing to accept
other forms of credit from DWR.  Those options include a letter of credit,
cash prepayment, or an acceptable form of collateral.  DWR officials have
indicated to us that DWR prefers to pursue the second options. That is, DWR
prefers to clarify the ambiguities in AB1X through a PUC order and through
contract amendments.

4. California,s Supply-demand Picture Heading into Summer 2001

Both the California Energy Commission and Cambridge Energy Research
Associates (CERA), a private sector energy think tank, have issued reports
showing that California faces a severe supply-demand imbalance.  They differ
only on how much and how soon additional supply will be made available.  All
credible sources agree that supply will be very tight throughout the Summer
of 2001 and that unless a solution is found immediately, blackouts are
likely.

CEC and CERA both forecast that California will be short of supply this
summer by approximately 5,000 MW.   These numbers are in line with our
estimates.  California,s supply base currently has a 6% capacity margin, well
below the average 15-20%, which is recommended for reliable system operation
in the West.  Since the West relies more heavily upon hydroelectric power
than other regions, reserves are particularly important, owing to the
unpredictability of the weather and the dry year the West has experienced to
date. In the event of a low rain and snow period, the system must possess the
flexibility to respond to the reduced availability of power supply.
California,s very low reserve margin makes it especially susceptible to this
requirement.

Other reasons for reduced supply for the Summer of 2001 include the early
draw-down of reservoirs in the continual effort to manage California's severe
supply-demand gap; emissions restrictions on existing plants; and a reduced
number of customers who can be curtailed under their contracts with the
utilities.  Cambridge Energy Research Associates asserts that at the current
pace of siting, permitting and construction, adequate supplies will not be
added to correct the market imbalance until 2003 at the earliest.

CERA predicts that California is likely to face approximately 20 hours of
rolling black outs this summer.  The CEC paints a considerably more
optimistic scenario, betting that California will bring an additional 5,000
MWs on line to meet peaking summer demand.  It is our view that California
should view the CEC's "rosy scenario" with considerable skepticism.

5. Suggested Package of Legislative Proposals Designed to Solve California,s
Electricity Crisis

This email offers an overview of our proposed legislative solution.  We will
deliver to your office tomorrow specific legislative language and existing
bills that we believe can accommodate our proposals.

As we have suggested throughout the crisis, any solution to California's
crisis must focus on four issues:

Increase supply
Decrease demand
Establish a truly competitive retail electricity market
Return California,s Investor-owned utilities to solvency

Increase supply--Legislative vehicle: SB28X (Sher)
To site and construct a power plant in Texas takes approximately 2 years.
Enron and others have completed the entire process in other states in less
than a year.  In California, it takes about six years, or longer.

The Governor,s executive orders and Senator Sher,s siting reform legislation
are steps in the right direction.  Our suggested amendments can improve those
efforts by further addressing the difficulties that project developers face
in securing air emission reduction credits to meet the air permit
requirements included in the CEC's certification requirements.  Enron,s
proposal seeks to streamline the process for 1) obtaining credits and 2)
transfering credits between air districts.  In addition, it creates an
innovative emissions reduction bank to allow project sponsors to fund
emissions in advance of obtaining certification, and permits the affected air
districts to use those funds to finance projects that will produce the
required reductions in pollution emissions.

Decrease demand*Legislative Vehicle:   AB31X (Wright)
Because of the delay in getting a solution in place in California, closing
the supply-demand gap through energy conservation and efficiency offers the
best chance of avoiding blackouts this summer.  This can be accomplished most
effectively and quickly in two ways:

Buy-down demand
California is tapping into an enormous amount of money from the General Fund
to finance DWR,s power purchases.  California could likely reduce demand more
economically by running an auction to determine the payments businesses would
be willing to receive to reduce their demand for a sustained period (e.g.,
through the summer months).  DWR could easily run an on-line auction to
determine the price it could pay for these demand reductions.  To
participate, businesses would be required to have the metering equipment
necessary to monitor and verify that they are actually achieving the
reductions.  Enron has developed an on-line auction software package, &Deal
Bench,8 that it would be willing to contribute to the effort.

Use Price Signals to Incent Voluntary Curtailment
To be successful, customers need access to the following key elements:

An internet based hour-ahead price posting system to track the market price
for hour-ahead power in real time.
Real-time metering systems for baseline demand and voluntarily curtailment
verification.
Settlement process that allows for market clearing prices of energy to be
paid for load reduction (&Negawatts8).

The potential benefits of an effective demand response program would include:

&creation8 of additional summer peaking capacity in California, particularly
in the short term, without requiring construction of additional generation
resources.
reduction of  peak or super-peak load on the over-stressed California
electric system, thus potentially reducing the overall cost of electricity in
the state.
fostering of demand elasticity without subjecting customers to the full risk
of hourly market price volatility by passing market price signals to
customers and allowing them to voluntarily shed load and be compensated for
responding.

We estimate that we could generate a summer 2001 on-peak demand response in
excess of 400 MW during certain high cost hours, and a demand response for
summer 2002 on-peak hours that could exceed 1000 MW.  We further estimate
that the market response to this program from all ESPs could be 2 to 3 times
that amount.  We recommend that the State of California provide rebates
directly to customers to fund the installation of advanced metering and
control systems that would support load curtailment implementation.

Establish a truly competitive retail electricity market*Legislative vehicle:
SB27X
The only customers who were protected from price volatility in San Diego were
customers who chose Direct Access and signed fixed price deals with energy
service providers.  Ironically, AB1X takes that important option away from
customers and businesses.  It is critical that AB1X be amended to remove the
prohibition against Direct Access.

Enron's legislative proposal would give customers freedom to enter into a
direct access transaction, while simultaneously addressing the Department of
Water Resources' concerns about stranded power costs that might result from
customer migration.

In addition, California will only achieve a competitive retail market when
the utility is removed completely from the procurement function.  Procurement
is not a utility core competency, as evidenced by the dire financial
condition in which the utilities now find themselves.  California should
therefore begin immediately to phase the utility out of the procurement
function entirely, with the goal of having all customers served by a
non-utility provider within 36 months.  To execute the transition, California
should hold a series of competitive solicitations over the 36-month period in
which competing service providers would bid for the right to serve segments
of utility load.

Return California,s Investor-owned utilities to solvency*Legislative vehicle:
AB18X
Utility bankruptcy will not increase supply and it will not decrease demand.
In short, bankruptcy does nothing to solve California,s supply-demand
imbalance.  In addition, bankruptcy increases the likelihood that consumers
and businesses will bear the significant financial risks of having California
State government assume the role of &electricity buyer8 for an extended
period of time.  Finally, bankruptcy will undermine both investor confidence
in California's energy markets and the private sector's willingness to
participate in that market.

California can return the utilities to financial solvency by implementing a
series of staged rate increases.  California should design those rate
increases with the dual goal of returning the utilities to solvency without
&shocking8 the economy or household budgets For example, California could
amortize the recovery of the utilities, past debt over a 5-10 year period.
In addition, the magnitude of the rate increase can be reduced in two ways:
First, the utilities could absorb some portion of their existing debt in
recognition of the risk they accepted when they agreed to the structure of AB
1890.  Second, California can &net8 the revenues the utilities have received
from selling electricity into the Power Exchange against the debts they have
accrued due to the retail price cap.


What the hell are you talking about?

-----Original Message-----
From: Tlbrassard@aol.com [mailto:Tlbrassard@aol.com]
Sent: Thursday, October 25, 2001 10:41 AM
To: KHolst@enron.com
Subject: ???

What would you think about me pulling a Darin and keeping my options open?  Pretty shitty?


This is the one you looked at and left me comments.  Your comments aren't in
this draft (timing), but I want to pick them up in the next go round.  When
we get together to discuss stuff, maybe we can review this.  It is difficult
to get your comments over voice mail, as I'm  just not that quick!

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/25/2000 05:33
PM ---------------------------

"Way, Karen S. - CHI" <karen.way@piperrudnick.com> on 09/21/2000 01:41:25 PM
To: "'rusty.stevens@enron.com'" <rusty.stevens@enron.com>,
"'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Shindler, Donald A. - CHI" <Donald.Shindler@piperrudnick.com>

Subject: TITAN-LEDFORD comparrite.DOC

 <<comparrite.DOC>>

Kay and Rusty:
Attached is the redlined Titan-Ledford Option for your review.  Rusty, I
will look for your email re: address for Fed Ex to the Ledfords.  Thanks!

Karen S. Way
Piper Marbury Rudnick & Wolfe
203 N. LaSalle
Chicago, Illinois 60601
email:  karen.way@piperrudnick.com
(ph) 312-368-2152
(fax) 312-630-6347

____________________________________________________________________________
The e-mail address and domain name of the sender changed on November 1,
1999.  Please update your records.

The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________

 - comparrite.DOC


Noel Bransford
P.O. Box 1066
Cobb, CA 95426
gladdy@earthlink.net

To Mr. Ken Lay,

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

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

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

Sincerely,

Noel Bransford


> Jeff,
> How are you?  Wild prices and politics out there I gather.  I have a
> question/proposal for you.  A major goal that is shared by the GSPP alumni
> board
> and the school is to host policy forums that attract top academics, policy
> makers, and public attention as not only a good public service, but at good
PR
> for the school and its mission.  Since electricity deregulation in CA is on
> the
> front page of all major newspapers this summer, the Dean and I are
interested
> in
> putting together an electricity policy forum.  I would need your contacts,
> political sense, and perhaps some financial support from Enron to make this
> work.  Do you like the idea and would you be willing to help in some of
these
> ways?  I think it is in the interest of Enron to advance reasoned debate
with
> the backing of the independent/objective GSPP against what is already a
major
> emotional/political backlash.
>
> On a totally unrelated issue, I spoke with Tim Belden about a position in
the
> Enron govt affairs group working with the trading desk.  I guess the VP for
> the
> West, Kaufman, is supposed to call me.  If the job is really to understand
and
> follow RTO developments and their interaction with energy prices it seems a
> perfect fit with what I've been doing.  I told Tim I'm happy where I am but
> the
> opportunity sounds interesting.
> Cheers,
> Rob
>
> Rob Gramlich
> PJM Market Monitoring Unit
> (610) 666-4291
> gramlr@pjm.com


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great, whatever you like.  what dates are good?

From: Nicole La@ENRON COMMUNICATIONS on 01/23/2001 02:56 PM
To: Jeffrey A Shankman/HOU/ECT@ECT@ENRON
cc:
Subject: Re:

Let's plan something for early Feb - maybe next week or so?

Nicole La
Enron Broadband Services
Global Bandwidth Risk Management
713-853-5638 (office)
713-416-8738 (cell)
713-646-8795 (fax)
nicole_la@enron.net

	Jeffrey A Shankman@ECT
	01/23/01 02:52 PM

		 To: Nicole La/Enron Communications@ENRON COMMUNICATIONS@ENRON
		 cc:
		 Subject: Re:

very interesting--did not know.  when should you and I go out?

From: Nicole La@ENRON COMMUNICATIONS on 01/23/2001 02:39 PM
To: Jeffrey A Shankman/HOU/ECT@ECT@ENRON
cc:
Subject: Re:

yes she's fine.

Lara told me she was going out with you and I was just going to crash the
party

Nicole La
Enron Broadband Services
Global Bandwidth Risk Management
713-853-5638 (office)
713-416-8738 (cell)
713-646-8795 (fax)
nicole_la@enron.net

	Jeffrey A Shankman@ECT
	01/23/01 02:38 PM

		 To: Nicole La/Enron Communications@ENRON COMMUNICATIONS@ENRON
		 cc:
		 Subject: Re:

In town, most of the time.  Is she ok?  (I didn't know about the Lara Liebman
part, though)

From: Nicole La@ENRON COMMUNICATIONS on 01/23/2001 02:22 PM
To: Jeffrey A Shankman/HOU/ECT@ECT@ENRON
cc:
Subject: Re:

Things are good.  I was suppose to go out with you and Lara Liebman a couple
weeks ago but I had to go see my mother in law in the hospital.

How are things with you?  Are you in town?

Nicole La
Enron Broadband Services
Global Bandwidth Risk Management
713-853-5638 (office)
713-416-8738 (cell)
713-646-8795 (fax)
nicole_la@enron.net

	Jeffrey A Shankman@ECT
	01/23/01 02:23 PM

		 To: Nicole La/Enron Communications@Enron Communications
		 cc:
		 Subject:

Howdy...How long has it been?  When are we going out?  How's everything up
there?


Many exciting things have happened since I last emailed you about the Program.  Today, I will highlight the results of the recent Program Survey and discuss several initiatives we have underway.  I also want to invite each of you to attend one of four meetings we've scheduled to discuss the information below in greater detail, and to provide you with an opportunity for Q&A.

Program Survey
I want thank everyone who participated in the Program Survey a few weeks ago.  As promised,  I also want to communicate the results of the feedback you provided.  In short, we've made progress over the past 5 months in a number of areas, but there are still things that we can improve on.  Below are some summary points about the Survey, and how the results compare to the last Program Survey in October 2000.

We surveyed all members of the Western Hemisphere Program, business unit supervisors and PRC reps, and summer interns.
Response rates of about 40% were consistent with last year.
When asked about Overall Satisfaction with the Program, "Favorable" responses from Associates improved to 58% from 27%, and from Analysts improved to 46% from 41%.  "Unfavorable" responses also improved for both groups (Associates to 8% from 41% last year, and Analysts to 13% from 29%).
Similar improvements were noted in the responses from the Business Units.  When asked about Overall Satisfaction with the Program, "Favorable" responses improved to 69% from 49%, and "Unfavorable" responses improved to 3% from 24%.
Areas for Improvement most frequently mentioned included Rotation Management, Compensation, Performance Review Process, and Communication.  We have activities in progress to continue improvement in each of these areas.

Initiatives
Below are some highlights of several things that will "roll-out" over the next few weeks, and many of them reflect your input to the Program through Survey feedback, as well as meetings that I've had with many of you.

A new, online Rotation Information and Management System is in development and should be ready for delivery during the 4th quarter.
Compensation packages have been revised for the current recruiting season.  An equity adjustment for current members of the Program is set for February 2002, several months ahead of the new class start dates.
We made significant changes to the PRC process at mid-year.  At this time we are working with HR on further improvements which will be implemented for the year-end process.
On the communication front several things are happening.  The Associate / Analyst Program newsletter will return later this month.  The format will be a concise email similar to the EnTouch newsletter used by Wholesale, and Global Flash in Europe.  A new external website for the Program was launched last week (access it via www.enron.com <http://www.enron.com>).  A new internal website is expected to be operational by the end of September.  We are also planning eSpeak and Brown Bag sessions this fall to talk in greater detail about things like Recruiting, the PRC Process, and other topics of interest.  We will also continue the pizza lunch schedule.
An updated social and community service activity schedule has been completed, and we are working on a more integrated approach to training and development for the Program.

Program Meetings
I invite each of you to select and attend one of the meetings listed below, where I will discuss in greater detail the information I've highlighted above.  Each meeting will be held in EB 5C2, and will run from 7:30 to 8:30 am.  A continental breakfast will be provided.  Because space in this room is limited, pls rsvp to my assistant Maxine Levingston by the dates listed below.  Maxine can be reached by email at Maxine.E.Levingston@ENRON.com <mailto:Maxine.E.Levingston@ENRON.com>.

Friday, Sept 21   7:30-8:30 am   EB 5C2    (rsvp no later than 12:00 noon, Thursday Sept 20)
Tuesday, Sept 25   7:30-8:30 am   EB 5C2   (rsvp no later than 12:00 noon, Monday Sept 24)
Wednesday, Sept 26   7:30-8:30 am   EB 5C2   (rsvp no later than 12:00 noon, Tuesday Sept 25)
Tuesday, Oct. 9     7:30-8:30 am EB 5C2 (rsvp no later than 12:00 noon, Monday, Oct. 8)

I look forward to seeing each of you over the next few weeks.

Best regards,
Billy Lemmons
Vice President, Associate / Analyst Program


This is the CISO private site.
The login is EPMI
Password is Timbers01

file:///w|/iso_si/isolocation.html

[IMAGE]

Select the primary Scheduling Infrastructure (SI) server button given below.
If the primary SI server does not work, select the backup SI server button.


We should chat about CALP and Dayton Power & Light.
Victor, should we invite Joany?

Heather Choate
01/21/2000 09:55 AM
To: Chris Germany/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT
cc: Scotty Gilbert/HOU/ECT@ECT, Cherylene R Westbrook/HOU/ECT@ECT
Subject: Mtg: Calp Transport Setup

   Please plan to attend a meeting to discuss Calp Transport Setup...

  February 1, 2000
  at 3pm in EB3013

   Call x33278, should a conflict arise.

   Thank you.


FYI, Kim.

 -----Original Message-----
From: 	Paladino, Ranelle
Sent:	Wednesday, August 01, 2001 8:19 AM
To:	Watson, Kimberly; Miller, Kent
Subject:	shipper hold title

Just in case you didn't hear, both NNG and TW received approval to acquire third party capacity.  The orders came in last night approving the tariff sheets as we filed them.  If you would like to see the language that will be in the tariff, send me a note back and I can get it to you.  We specifically didn't limit ourselves to just interstate pipeline capacity in the wording that we used--in TW's tariff, we deleted any reference to limiting the amount of PNM capacity that could be purchased.  Thanks for your help with this.
Ranelle


If we can't get Wilkerson, Hightower (both Top 5 nationally) and a decommit
or two from Texas or somebody based on this news then our coaches are
indeed pathetic salesmen. These guys can come in and start as redshirt frosh
if not play as true freshmen, even though RC likes to redshirt all OL'men.

http://www.dallasnews.com/sports_day/colleges/football/243173_21amlede.html


Will be on vacation but wish MK the best of luck. Rick

 -----Original Message-----
From: 	Dauterive, Inez
Sent:	Monday, August 13, 2001 1:34 PM
To:	Rios, Amy; Fastow, Andrew; Yaeger, Anne; Yaeger, Anne; Schnapper, Barry; Glisan, Ben; Thomason, Benjamin; Tauzier, Betty; Brown, Bill W.; Brown, Bill W.; Bollom, Blanca; Funk, Brenda L.; Murphy, Brendan (Clerkenwell); Steinbrueck, Brian; Swinford, Brian; Maronge, Bridget; McSpadden, Carol; Moehlman, Cathy; Delacey, Charles; Lipshutz, Cheryl; Loehr, Chris; Freeland, Clint; Boyle, Dan; Castagnola, Daniel; Forsyth, Darlene C.; Mitchell, David; Escamilla, Dolores; Herrick Jr., Donald W.; McDowell, Doug; Jens, Felipe; Bahlmann, Gareth; Mckean, George; Karathanos, Gina; Mckillop, Gordon; Caudell, Greg; Dauterive, Inez; joyce.tang@ljminvestments.com; Richardson, James; Mills, Jana; Donahue, Jeff; Nogid, Jeff; Anaya, Jessica; Mata, Jessie; Poleo, Jesus; Newgard, Jim; Simien, Jimmy; Coulter, Jodi; Ephross, Joel; Mintz, Jordan; Deffner, Joseph; Galan, Joseph M.; Chin, Julia H.; Heathman, Karen K.; Lynn, Kathy; McIntyre, Kelley; Boots, Kelly H.; Kuykendall, Kent; Howard, Kevin A.; Mordaunt, Kristina; Lawyer, Larry; Linares, Leslie; Worthy, Lewis; Bills, Lisa; Kumbalek, Lisa M.; Hendricks, Lois; Gonzalez, Luis; michael.hinds@ljminvestments.com; Pullicino, Marcus; Trevino, Maricela; Baker, Andrew; Rivera, Marilyn; Sczykutowicz, Marion; Zarate, Maritza; Birmingham, Mary; Border, Mary; Perkins, Mary; Angelos, Megan; Trevino, Melba; Garberding, Michael; Wenz, Michelle; Miller, Mike J.; Swisher, Nera; Alvino, Nicole; Dobin, Nora; Perry, Pamela; Dechow, Patricia K.; Garcia, Paul; Anderson, Peter N.; Olivier, Phenicia; Rodriguez, Ramona; Dutt, Ranabir; Bowen Jr., Raymond; Hart, Reginald; Causey, Richard; Buy, Rick; Veariel, Robin; Delapaz, Rodolfo; Engeldorf, Roseann; Gibson, Roy; Siurek, Ryan; Round, Samuel; Heineman, Sarah; Wesner-Soong, Sarah; Hudler, Shirley A.; Casas, Stephanie; Schardin, Stuart; Davis, Theresa; Hiltabrand, Thomas J.; Despain, Tim; Proffitt, Tim; McCullough, Travis; Winfrey, Travis; Randolph, Trevor; Patel, Trushar
Subject:	Happy Hour

 << File: MK Party.pps >>


EFCU's E-Survey Results are In!

Thanks to everyone who completed the Credit Union's recent E-Survey.  We received over 3,000 responses, and we appreciate the time each of you took to provide us with your honest opinions.

Please help us congratulate our contest winner, Rick Loveless, of Amarillo, TX.  Rick is now $200 richer!

You will find the results to our E-survey in your e-mail box soon.


I like Terry's suggestion.  In fact, in the preceding paragraph and the following paragraph where we refer to "shippers", we could refer to "customers" instead.

 -----Original Message-----
From: 	Kowalke, Terry
Sent:	Tuesday, November 20, 2001 12:33 PM
To:	Donoho, Lindy; Rapp, Bill; Hass, Glen; Blair, Lynn; Harris, Steven; Lokey, Teb; Kilmer III, Robert; Watson, Kimberly; Lindberg, Lorraine; Lohman, TK
Subject:	RE: SoCal Gas CPUC Proceeding

I agree with Lindy, I don't believe we want to mention anything about "Shipper Imbalances" my suggestion is to restate this paragraph like this:

In instances where SoCalGas happens to issue an Operational Flow Order ("OFO") during the Intraday 2 cycle, it can create imbalances with Transwesterns Customers. Because it does not afford Transwestern an opportunity to pass along these reductions to our upstream parties. When an OFO is issued in the Intraday 2 Cycle, an allocation is passed on to Transwestern through the confirmation process with SoCalGas.  Due to the timing of these OFO's, Transwestern is not afforded an opportunity to confirm such reductions with Transwestern's upstream parties.

If you have further questions, please give me a call. Thank you.

Terry Kowalke

 -----Original Message-----
From: 	Donoho, Lindy
Sent:	Tuesday, November 20, 2001 11:43 AM
To:	Rapp, Bill; Hass, Glen; Blair, Lynn; Harris, Steven; Kowalke, Terry; Lokey, Teb; Kilmer III, Robert; Watson, Kimberly; Lindberg, Lorraine; Lohman, TK
Subject:	RE: SoCal Gas CPUC Proceeding

I'm a little nervous actually commenting that we have Shipper imbalances.  Here are my comments.

 << File: SoCalCPUCAdviceLetter11-20-01.doc >>

 -----Original Message-----
From: 	Rapp, Bill
Sent:	Tuesday, November 20, 2001 11:25 AM
To:	Donoho, Lindy; Hass, Glen; Blair, Lynn; Harris, Steven; Kowalke, Terry; Lokey, Teb; Kilmer III, Robert; Watson, Kimberly; Lindberg, Lorraine; Lohman, TK
Subject:	SoCal Gas CPUC Proceeding

Attached is a draft of the letter that we propose to send to the CPUC regarding the AL2837 proceeding in which SoCal Gas is proposing changes to its "windowing" criteria. Your comments would be greatly appreciated. We need to file this tomorrow, so please communicate any comments to me by the close of business today, if possible. Thanks.

 << File: 11-21-01 Transwester Advice Comments 2837-A - DRAFTl1.doc >>


_______________________________________________________________

This message and any attachments are intended for the individual or entity
named above.  If you are not the intended recipient, please do not read,
copy, use or disclose this communication to others; also please notify the
sender by replying to this message, and then delete it from your system.
Thank you.
_______________________________________________________________

     Please find below SCGC's cross-examination estimates, based upon the
prepared testimony that I have received to date:

     Lorenz         3.25
     Nelson         0.25
     Pocta          1.75
     Beach          1.25
     Dasovich  0.25
     Counihan  0.75
     Burkholder     0.5
     Amirault  0.5
     Zaiontz        0.5
     McKelvey  0.25
     McConn    0.25
     Weaver    0.25
     Wright         0.75
     Fawcett        0.25
     Hall      0.5
     Black          0.25
     Orndorff       0.25

There are several parties from which I received opening testimony but, to
date, no reply testimony.  If reply testimony filters in or other
unforeseen events occur, there may be a need to revise these estimates.


This request has been pending approval for  2 days and you are the
alternate.  Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000010092&Page=
Approval to review and act upon this request.

Request ID          : 000000000010092
Approver            : michelle.cash@enron.com
Request Create Date : 12/12/00 3:00:54 PM
Requested For       : diane.goode@enron.com
Resource Name       : Lexis Nexis Research - Legal
Resource Type       : Applications


bldg 101 at CAISO


Sharpen you pencils,

Clark PUD is out for another RFP to purchase term gas supplies for their
Combined Cycle (250 MW) plant located in Clark County WA.  The total demand
for the plant is about 48,000 MMBtu/day peak (30,000 from Sumas and ~17,000
Stanfield).

Attached is a template for the response.  I have highlighted in RED the
sections I would like quotes on.  We will be working with John Griffith on
the structured transaction sections.  I you have comments let us know.

The RFP is due tomorrow so we would like some feedback today if possible.


I just have to brag on myself as my game seldom affords me the opportunity.
Sunday after church, Tom Knox and I played 18 holes at Mimosa.  The weather
was perfect.  While my game stunk overall (118), I did manage par on one par
3 and two par 5's.  The best was at 14 --- a 545 yard par 5.  My drive was
280 yards (the ground was flat!).  I was on the green three feet from the
pin in 3, and then two-putted.  Those three pars however will keep me going
back.  Remember, I had a witness!

Thanks for listening to me brag.  And no, don't expect me to replicate these
feats on our next outing.  Hope all are doing well.  We're remembering
Rachel and Jake in our prayers each day.

David


John,

Following are the placements that are confirmed.  Those on your list that are
not confirmed were placed previously in other units.  It is my understanding
that these individuals will see other areas for their development, i.e.
origination, structuring and/or transactions.  If you have any questions
please feel free to call x39523.

Gas

Associates
Dustin Collins
Vikas Dwivedi
Li Sun

Analysts
Nate Blackburn
Sachin Gandhi
Miguel Nasser

Power

Associates
Doug Seaworth
Eduardo Gil
Pearce Hammond
David Maskel
Michael Kelly

Analysts
Possey Martinez
Gary Justice


Jane

Sorry I was very busy last week.  The ammendment is no rush.  I will call you
when I get a chance.

John


As promised...

1) Tuesday May 1st at 9:45 PM at Delta #4
2) Tuesday May 8th at 7:15 PM at Delta/Pepsi
3) Tuesday May 15th at 7:15 PM at Delta/Pepsi
4) Monday May 21st at 9:00 PM at Farragut
5) Monday June 4th at 9:00 PM at Farragut

Delta #4 - is at the Delta Park softball complex, however, its separate from
the main fields.  This field is at the north end of the park.  In the past,
we have played at Delta #1, which is at the south end of the park.

Delta/Pepsi - is at the Delta Park softball complex.  These are the real nice
fields and the Pepsi field is marked with Pepsi signs in the outfield.  We
have played on this field many times.

Farragut - is at N. Farragut and N. Kerby (Thomas guide 566 F4).  One way to
get there is to take I-5 and take the Lombard exit.  Head east for a few
blocks until you see Kerby then turn north and you cant miss the park.  We
have played here a few times.

Again, any questions, comments, concerns, let me know.  I will bring
photocopies of the schedule to our last practice on Saturday at 1PM.  Take it
easy.
Chris


We are having technical difficulties with the ERV website at this time.  We will send another notification to you as soon as the problem has been resolved and the notification is listed on the website.

Notification: Concentration Americas Natural Gas Total P&L

Limit: $100 million
DPR report P&L: $119 million

Explanation:  The loss was a result of increased prices on short positions.  Specifically:
-Positions:
Short positions in U.S. Gas (341 BCF), Canada Power Gas (214 BCF), and Cross Commodity Gas (214 BCF)
- Prices:
NYMEX prices increased $.21 on news of Solomon Smith Barney's revised Winter 01-02 forecast
Cash prices increased $.15-$.30 across all regions of the country


Have we put this to bed yet?

How about the easement across our property?  Where do we stand on that?

-----Original Message-----
From: Druzbik, Lisa
Sent: Tue 7/31/2001 4:56 PM
To: Rainer, Eva
Cc: Nemec, Gerald; Bieniawski, Paul
Subject: FW: Napoleonville Land Sale & Keystone/Unocal Deal

Eva,

FYI - I called Mary Ogden today to follow-up on the status of the Napoleonville Land sale document filing (sale to TX Brine).  Mary said that she is still trying to locate the document(s).  She plans to finalize in one of two ways:

1.  Our lawyers in Louisiana are going to send someone this week to check the Assumption Parish records (to see what was actually recorded);

2.  Mary sent an e-mail to a former Enron Landman (now AEP), Robert Rose.  Ann Elizabeth told Mary that Robert may have a copy of the document(s).

Thanks, Lisa

 -----Original Message-----
From:   Rainer, Eva
Sent:   Friday, July 20, 2001 11:11 AM
To:     Van Hooser, Steve; Ogden, Mary
Cc:     Druzbik, Lisa; Johnson, Patrick
Subject:        RE: Napoleonville Land Sale & Keystone/Unocal Deal

Any news on this?  We are having lunch with Texas Brine again today, in about 20 minutes, if there's any news I'd love to hear it....Thanks!  Eva

 -----Original Message-----
From:   Van Hooser, Steve
Sent:   Thursday, July 19, 2001 8:35 AM
To:     Ogden, Mary
Cc:     Rainer, Eva; Druzbik, Lisa; Johnson, Patrick
Subject:        FW: Napoleonville Land Sale & Keystone/Unocal Deal

Mary,

Would you call AEW and find out where we can find a copy of the Tract 5B sale from Enron Storage Company to LRCI, Inc. here in our office--I know you are planning to call Sandi Braband; according to the message below, AEW must have done the work.

Also, would you please call Keith Daigle (I don't want to use Locke Lidell on this) and ask him to obtain a file stamped copy of "all" ESC conveyances to LRCI that are filed in the Assumption Parish Records.  Keith's phone number is 504-830-3990 or 985-898-1909.

Would you also ask Keith how he is coming on the Sorrento Right of Way Agreement that I sent him on July 7.  We need to have that back by the time Patrick Johnson returns next Monday.  Please give him a "gentle" prod.

Thanks,

Steve

 -----Original Message-----
From:   Druzbik, Lisa
Sent:   Wednesday, July 18, 2001 5:34 PM
To:     Van Hooser, Steve
Cc:     Rainer, Eva; Ogden, Mary; Bieniawski, Paul; Higgins, Ned
Subject:        Napoleonville Land Sale & Keystone/Unocal Deal

Steve - I have a few comments and inquiries, as follows:

An update on Tract 5B sale to TX Brine:

Paul Bieniawski spoke to Ann Elizabeth this afternoon and she told him that the law firm, Locklidell (sp.), dropped the ball and failed to file the appropriate papers with the authorities.  The papers should have been filed by now.  How can we confirm the filing? Do you have contacts at Locklidell (sp.)? Can we call the authorities?

Proposed sale of Tracts 5A, 4B & 4A:

Since LRCI now owns the land as a result of the merger, does Enron have the authority to sale the property and thus keep 100% of any sales proceeds?

Also, I meant to mention to you earlier that I am working on another deal (Keystone/Unocal) which incorporates both compression and storage; Northern Natural Gas is involved as well and we need your help in generating a term sheet.  I will call you tomorrow to discuss further.

Thanks, Lisa Druzbik
3-9620


Backup for the graphs.
---------------------- Forwarded by Clement Lau/HOU/ECT on 05/08/2000 09:15
AM ---------------------------

Richard Park@ENRON
04/25/2000 09:00 PM
To: Don Miller/HOU/ECT@ECT
cc: Benjamin Thomason/HOU/ECT@ECT, Clement Lau/HOU/ECT@ECT
Subject: Reliant Stock/Portfolio

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