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pmguid:27.nnm.1boou


---------------------- Forwarded by Mark Taylor/HOU/ECT on 11/08/99 01:05 PM
---------------------------

"Pablo Perezalonso" <pperezalonso@rhm.com.mx> on 11/05/99 08:42:30 PM
To: Alan Aronowitz/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
cc: JRazguzman@rhm.com.mx
Subject: Update of Legal Survey

  Attached hereto please find a draft of a memorandum in connection with the
update of our April 25, 1997 memorandum regarding commodities trading.

Should you require any further assistance, please do not hesitate to contact
us.

Best regards

Pablo Perezalonso
Ritch, Heather y Mueller, S.C.

 - 67l01!1.DOC


Andy:

Thanks for the quick response.  I will also be traveling later this week,
however, as always, I will be available by cell.  I will send you any
additional information from our side should it become available in the
interim!

Have a safe trip!

Chris

-----Original Message-----
From: Andy.Zipper@enron.com [mailto:Andy.Zipper@enron.com]
Sent: Monday, January 29, 2001 7:18 PM
To: Chris Edmonds
Subject: Re: FW: Concerns with Status of Enron Integration Testing

Chris,
I have asked our team to review the document you sent me and to ascertain
what the hold up is. One thing that has been made clear to me is that we
were ready to begin testing a month ago and had to idle a group of folks
while your development team caught up. This has created a bit of a manpower
crunch for us but we will fix it. I will respond to you when I know more. I
am out of the office next two days but available on Thursday and Friday.

Andy


Hi Ed,

I can't find (or recall) that I received the subsequent email referenced in
this email.  Can you direct me to the right place?  I looked under
Administrator and Legal Net X, and all my emails from 3/8.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/12/2001 01:46
PM ---------------------------
From: Ed B Hearn III@ECT on 03/08/2001 04:26 PM
To: Sheila Tweed/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Roseann
Engeldorf/Enron@EnronXGate, Lisa Bills/Enron@EnronXGate, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Brian D
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dean Russell/SF/ECT@ECT, Bill
Williams/PDX/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT,
pthompson@akllp.com, stephen.swift@ps.ge.com, michael.barnas@ps.ge.com,
kent.shoemaker@ae.ge.com, Bob Carter/HOU/ECT@ECT, John G
Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Secure Website for Enron/GE Turbine Contract Negotiation

Ladies and Gentlemen:

This afternoon you will receive a Logon ID and Password to a secure website
known as LegalNetEx ("LNX").   LNX will provide the Enron/GE Turbine Contract

Team with a centralized location for the efficient and organized exchange of
contract drafts and revision proposals.  It works like this:

1.  When you log on to LNX, a set of instructions will lead you to the most
recent version of the contract.   To review and revise the contract you will

download the document onto your PC or LAN.

2. Consistent with normal drafting, you will need to save your revised
version of the contract on your system, under a new name.

3. When you are ready to provide your revised version of the contract to the
rest of the team, you will upload the your document onto LNX.  Peter Thompson
will
receive an automatic email from LNX each time a team member uploads a revised
document.

4.  When Peter  has incorporated the various revisions proposed by the team,
he will upload the resulting revision cycle on LNX.    Each team member will

receive an automatic email notification when Peter uploads the latest and
greatest version of the contract.

Additionally, you will not have to redline your document for the group, LNX
will handle redlining for us, it's automatic, too.

If you have questions or difficulties with LNX, please contact Matt
Troncelliti of LegalNetEx using either matt@internetex.com or 610/617-1753.

For nontechnical questions or comments, please feel free to contact me, Ed
Hearn, using either ed.b.hearn.iii@enron.com or 713/853-1592.

Thank you,
Ed


It was great . . . I didn't do shit . . . did yard work and watched the
game with a few buddies at my house . . . drove up to Shreveport for my
Godson's Christening yesterday morning and back last night . . . how was
NOLA . . . did y'all slut it up?

Regards,

Kevin A. Boone
Accenture -- Houston
Consultant -- Energy
(Octel) 713.837.1638
(Client) 281.848.1619
(C) 713.306.7940
(H) 713.864.4149
Kevin.A.Boone@accenture.com

Our web address is http://www.accenture.com

            "Lenhart, Matthew"
            <Matthew.Lenhart@enron.co        To:     Kevin A. Boone/Internal/Accenture@Accenture
            m>                               cc:
                                             Subject:
            10/22/2001 10:17 AM

how was this weekend?  did you get into anything?

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

This message is for the designated recipient only and may contain
privileged or confidential information.  If you have received it in error,
please notify the sender immediately and delete the original.  Any other
use of the email by you is prohibited.


Thank you.

	Steven J Kean
	03/12/2001 04:46 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Vanessa Groscrand/Corp/Enron@ENRON, Rosalee Fleming/Corp/Enron@ENRON
		 Subject: Re: Fellow referred to me by Ken Lay

It was not mentioned to me.  I'm copying rosie and vanessa to find out if
this was a simple referral (in which case you should keep the work to a
minimum -- return the call, but don't get distracted from your other efforts)
or whether Ken is especially interested in this and wants us to follow
through.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/12/2001 03:54 PM

		 To: skean@enron.com
		 cc:
		 Subject: Fellow referred to me by Ken Lay

Just got a call from a fellow named Jame Edgerly at the Enterprise Zone,
Inc.  He told me that Ken Lay (through Ken's secretary Vanessa) referred me
to him.  He is very interested in getting us to help him work with the
Legislature to establish an "Enterprise Zone" energy tariff to encourage
investment in California's Enterprice Zones.  Before I launch on the effort,
just wanted to check in and see if this rings a bell with you.  Thanks.

Best,
Jeff


Ugly.

 -----Original Message-----
From: 	Sole III, Carlos
Sent:	Monday, November 26, 2001 10:58 AM
To:	Mann, Kay
Subject:	ENE

This is from Bloomberg and sadly is the best source of available information on our status.  The troubling news is the "death spiral" quote again and the statement that we only have about $2 billion in cash which raises the downgrade issue and also perhaps means that we don't want to announce lay-offs since we can't afford to make any payouts.

Enron's Stock, Bonds Drop on Concern for Dynegy Bid (Update3)
By Jennifer Ryan
New York, Nov. 26 (Bloomberg) -- Enron Corp.'s bond and stock prices declined amid concern Dynegy Inc.'s proposed $23 billion acquisition of the biggest energy trader may fall through.
``It's a death spiral,'' said Edward Jones & Co. analyst Brian Youngberg, who rates Enron ``sell'' and doesn't own the company's shares. ``With the declining share price and debt disclosures, the chance of the deal going through has fallen from about 90 percent to less than 50 percent.''
Shares of Enron, the third most-active U.S. stock, tumbled as much as 15 percent, dropping for the fourth day in a row. Investors lowered their asking price for the 6.4 percent notes that mature in 2006 to 58 cents on the dollar from 60 cents Friday. Bids to buy bonds were unchanged at 55 cents on the dollar, traders said. The bonds yield 22.55 percent.
Concern that Dynegy may change or cancel its bid for Enron had pushed Enron's stock down 48 percent in the past three days. Enron's shares had plummeted 86 percent since mid-October after the company reported a $618 million third-quarter loss and said expansion into water, telecommunications and retail-energy sales cost it $1.01 billion.
Part of the third-quarter charge was connected with limited partnerships run by the chief financial officer. He was ousted, and the U.S. Securities and Exchange Commission started an investigation into Enron's accounting. The company earlier this month restated its earnings for the past four years.
Talks on $1 Billion
Enron said late last week talks are continuing with potential investors for as much as $1 billion. The company agreed to be bought by Dynegy on Nov. 9 for stock and assumed debt, halting a financial crisis that threatened to bankrupt Enron and throw U.S. power and natural-gas markets into turmoil.
Shares of Enron fell 54 cents, or 11 percent, to $4.17 in late-morning trading. Earlier, they touched $4.02. Dynegy fell $1.03 to $39.37. The stock had fallen 28 percent this year. Both companies are based in Houston.
Egan-Jones Ratings Co. lowered its rating on Enron's credit today to ``BB-'' from ``BB.'' ``Dynegy needs to show its support, or Enron will slide,'' the firm said in a report.
``Time is not Enron's friend,'' said Stewart Morel, co-head of investment grade debt research at UBS Warburg LLC. ``There is increased concern in the market that there may be more problems that are yet to be disclosed.''
On Wednesday, Enron got a three-week reprieve from lenders on a $690 million note due this week, giving the company more time to restructure its finances. Dynegy Chief Executive Officer Chuck Watson said he was ``encouraged'' by the commitment to extend the note payment, as well as the closing of a $450 million credit facility, and that Dynegy remained committed to the merger.
$690 Million Note
Terms of the $690 million note were outlined for the first time in an Enron filing with the SEC a week ago. Enron also said that it has less than $2 billion in cash and credit lines left. If the company's cash reserves run too low, Enron's credit rating may be cut below investment grade. That would trigger $3.9 billion in debt repayments for two affiliated partnerships.
Enron's bankers met with leveraged buyout firms and two industrial companies to seek an investment, the New York Times reported last week. J.P. Morgan Chase & Co. and Citigroup Inc. agreed to terms that give each of them a $250 million equity stake as part of a transaction to be completed today.


Please see attached!


Sean and Cara:

Just to let you know where we are on the Dart product development.  Please see Bill's email below.  Let me know if you have any questions.

Thanks,
Fran
x7973

 -----Original Message-----
From: 	Crooks, William
Sent:	Monday, November 26, 2001 6:32 AM
To:	Chang, Fran
Subject:	RE: Important! DART product

Fran:

	We've just completed two major projects (secondary legal entity and a table collapse) which involved 100% of Nikolay's time.  As of today, the DART changes are at the top of his list and he is working on it now.  We'll have an update on or before Wednesday.

Regards,
Bill x53492

 -----Original Message-----
From: 	Chang, Fran
Sent:	Wednesday, November 21, 2001 10:30 AM
To:	Crooks, William
Subject:	RE: Important! DART product

Bill:

Since the Enpower status meeting is cancelled today, just wanna follow up with you on the progress of the DART project.  I would appreciate it if you could let me know so I can update the traders on this.

Regards,
Fran
503.464.7973

 -----Original Message-----
From: 	Crooks, William
Sent:	Friday, November 09, 2001 11:45 AM
To:	Chang, Fran
Subject:	RE: Important! DART product

Fran:

	The change would not take long provided if we could easily identify DART deals.  At this point we will have to research identifying DART deals.  We don't know the answer yet.  There is a higher priority project (secondary legal entities) which we hope to complete next week.  We'll schedule this change after that.

Regards,
Bill x53492

 -----Original Message-----
From: 	Chang, Fran
Sent:	Friday, November 09, 2001 1:29 PM
To:	Crooks, William
Cc:	Smith, Will; Moorer, Torrey
Subject:	FW: Important! DART product

Bill:

EOL IT group (Torrey Moorer) has created a new DART product for us in testing stage.  We will need the Build Route Reports to be revised accordingly (please see the attached emails).  Would you have someone in your group work on this and let us know the timeline so we can follow up.  Please call me if you have any questions.

Regards,

Fran Chang
West Power Risk Management
503.464.7973 (phone)
503.464.3740 (fax)


Hey Julie,

Congratulations on the promotion, that's so exciting (I'm sure you've more
than earned it).

I just wanted to drop a line and see how work,  your new apartment/roommate
and Brendan are all doing.  All are wonderful I hope.  I realize this is
somewhat random, but I just found some great airfares from Houston to San
Diego ($99 each way!!!) and was wondering what you were doing the weekend of
Dec. 15?  I know this time of year is kind of crazy so I will totally
understand if you have holiday parties, etc. to attend.  Regardless, this
deal is good for travel through the end of February 2001, so....if it doesn't
look like it's going to work before the end of the year, maybe I could make a
visit mid-January or February.

Have a great holiday weekend and I'll talk to you soon.

Susan


Subject: Q & A
Q: What's the Taliban's  national bird?
A: Duck
Q: What's the difference between Afghanistan  and Christmas?
A: Christmas will be here in December.
Q: How is  Osama bin Laden like Fred Flinstone?
A: Looks out the window and sees  Rubble.
Q: How do you play Afghani Bingo?
A: B52 - F16 - .........
Q: What do Afghanistan and Hiroshima have in common?
A:  Nothing............ yet.


Start Date: 4/21/01; HourAhead hour: 12;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042112.txt

---- Generation Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: HARBOR
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  UNIT_ID: HARBGN_7_UNITS


Enjoy!
 - 20020205ERCOT_LOAD.XLS
 - 20020205ERCOT_FLOW.XLS


-----Original Message-----
From:  "Michael Rosenfeld" <mr@michaelrosenfeldglry.com>@ENRON
[mailto:IMCEANOTES-+22Michael+20Rosenfeld+22+20+3Cmr+40michaelrosenfeldglry+2E
com+3E+40ENRON@ENRON.com]
Sent: Thursday, May 31, 2001 2:41 PM
To: Shankman, Jeffrey A.
Subject: Lewandowski "Industry"

Jeff,

What do you think of this Edmund Lewandowski mural painting , 1942, 103" x
67". Incredible!

See you this weekend.

-Michael

 - Industry.jpg


Hey Susan!  How are you?  Things are going pretty well.  I've been living in
LA for about two months now.  My best friend from high school and I got a
place so it's been pretty fun.  I spent the summer out here as well, just
trying to figure out if I would like LA.  It's funny that you mention your
friends that are living out here!...I actually hang out with Kevin Juno,
Kasey Walker, and Jen Sonderfan.  Pretty crazy, huh?  I don't see the girls
too much, but have been seeing Kevin quite a bit lately.  My best friend from
college, April, is still living in Austin and dates a guy from CU.  They
basically introduced all of us.  I guess Jen recognized my name and then we
made the 'Susan Scott' connection.

So how's Enron?  Sounds like you must be enjoying it!  Work for me is pretty
crazy.  I work from home a lot and am never too busy!

I can't believe how many people are getting married.  Thanks for the update
on everyone!  Very fun!  I lived in Dallas for a year after graduating and
spoke to Stephanie every once in a while and ran into some other Kappas.

Well, it's great to hear from you!  Definitely keep in touch!

Take care, Bronwyn
--

On Thu, 7 Dec 2000 15:25:36
 Susan.M.Scott wrote:
>
>Hey Bronwyn,
>
>I just realized I never emailed you back ( I am a bad, bad person).  Glad
>to hear things are going well with you.  It was so neat to run into you in
>Houston, I see your brother around the building quite a bit but I don't
>think he recognizes me.  I'll have to make a point to reintroduce myself
>the next time I see him.
>
>So what's new with you?  Have you moved?  I know you were thinking about LA
>a while back...I've got a couple of friends from high school who are living
>out there and are really having a good time.  Anyway, I completely
>understand the urge to try something new.  I too am thinking of making a
>move before next summer ( I don't know exactly where, but somewhere outside
>of Texas...I really need to experience something different).  Speaking of
>which, Emily is in London going to graduate school right now.  I've already
>been to visit her once there and she's trying to talk me into moving over
>there.  I would actually love to go, if there was a job with Enron there
>that interested me.
>
>As for my dating life, it is relatively unchanged.  I was seeing one guy
>for a while, really liked him, things were going great ( I thought )...then
>he seemed to loose interest and decided 2 mos. into things to tell me he
>has issues and that he'd been married before.  Needless to say, that was
>pretty much the end of things.  It's made me a little hesitant when it
>comes to meeting new guys, but at the same time I had so much fun in the
>beginning that I'm still optimistic about my dating future.  How about you?
>
>Concerning Kappa...I'll give you a run down on everyone I still keep in
>touch with.  Corey's in Law School at Texas ( doing great of course) and
>has already secured a clerkship with a federal judge in Galveston when she
>graduates.  Jessica Bateman is now Jessica Pulliam - and she too is in Law
>School at Texas and has secured a federal clerkship with a judge in Dallas
>when she graduates.  Elizabeth's is in Med School in San Antonio and dating
>a fellow med student there.  Stephanie Spence is now Stephanie Williams and
>is living and working in Dallas.  Lisa Meador is getting married next April
>to a guy from Texas ( he was a KA, there Brad Thealman (sp?) ) who is
>absolutely perfect for her.  That about sums it up, but if there's anyone
>else you're wondering about just ask...I can probably find out some scoop.
>
>Talk to you soon,
>Susan
>
>
>
>
>
>
>
> (Embedded     Enron Capital & Trade Resources Corp.
> image moved
> to file:      From:  "Bronwyn Tull"
> pic28022.pcx) <bronwyn_tull@lycos.com>
>               09/24/2000 09:25 PM
>
>
>
>
>
>
>Please respond to bronwyn_tull@lycos.com
>
>To:   sscott5@enron.com
>cc:
>Subject:  Hey Susan!
>
>
>Hi Susan!  How are you?  It was so good seeing you when I was in Houston!
>I really had tried to find out your e-mail address b/c I've often wondered
>what your were up to.  I'm glad to hear your enjoying work.  Are you happy
>to be back in Houston?  (I guess you've been back for awhile now...)  How's
>your family?  Do you still talk to Emily?
>
>I've visited Houston every so often to see Ryan...I still always have the
>greatest time when I visit.  I'm trying to decide right now where I want to
>live.  I have the flexibility with my job to live wherever I choose, so
>I've been thinking about LA.  I'm torn though b/c I like Houston, too.  I'm
>thinking about just playing in LA for about a year and then probably
>settling down in Houston.  We'll see...
>
>What else is going on with you?  Are you dating any one?  Do you still keep
>in touch with any Kappas?
>
>Well, sorry for all the questions, but I can't wait to hear from
>you...hopefully, we can stay in touch!
>
>Take care, Bronwyn
>(919) 345-5023
>
>
>Get your FREE Email and Voicemail at Lycos Communications at
>http://comm.lycos.com
>
>
>
>
>

Get FREE Email/Voicemail with 15MB at Lycos Communications at
http://comm.lycos.com


I hope you caught Lysa's error in transcribing this message.  I said you
should say, "It doesn't mean the FERC has not accepted
a rate or that a rate isn't on file.  Sorry about the double negative.  FERC
usually speaks in terms of "accepting" rates rather
than "setting" rates unless it has had a hearing and found that the rates
being charged are unjust and unreasonable..
---------------------- Forwarded by Mary Hain/HOU/ECT on 02/23/2001 05:19 PM
---------------------------

Mary Hain
02/23/2001 08:13 AM
Sent by: Lysa Akin
To: rgibbs@gibbs-bruns.com, jalexander@gibbs-bruns.com
cc: Mary Hain/HOU/ECT@ECT
Subject: Correction to conversation 22 Feb.

Robin & Jeff:

Mary Hain asked that I advise you she had one change to the information she
gave you yesterday.

Instead of saying, "It doesn't mean the FERC hasn't set a rate..."
you should say, "It doesn't mean the FERC has accepted a rate and that a rate
isn't on file".

If you have any questions about this, you can contact Mary on her cell phone
(503/807-0928) AFTER 12:45pm Cnetral Time.

Lysa Akin
Ass't to Mary Hain
503/464-7927


I have a request from the ENA settlements group.  Williams Energy is billing
the HPL purchase deals on the ENA invoice.  The accountant at Williams says,
that by the request of the HPL trader, the deals are to be billed to ENA.  We
would like to have the Texas deals billed directly to HPL.  If you do not
have a problem with this, can you ask your counterpart at Williams to split
the deals between HPL and ENA?  It would make the payment process much easier.

Thanks,
Megan
x5-7480


I just wanted to invite you to attend ....Please let me know if you are interested. Thank you! It will be fun!For Questions and to RSVP  , please call 281 244-7115 or e-mail mcintyre@ghg.net

Cheryl

Cheryl L. Thompson-Draper
C.O.B. /C.E.O./ President
Warren Electric Group
cheryltd@warrenelectric.com
713 2362186
713 2362188(f)
www.warrenelectric.com

Hugh O'Brian Youth Leadership Texas Gulf Coast invites you to join Hugh O'Brian for HOBY HOUR!

Wednesday, January 30, 2002
6:00 pm until 8:00 pm

The Petroleum Club of Houston
800 Bell Avenue

You will hear the inspirational story of Hugh O'Brian Youth Leadership from the founder himself
and meet some of the local alumni and volunteers

Hors d'oeuvres served and cash bar available

For Questions, please call
281 244-7115 or e-mail mcintyre@ghg.net
 - Hugh Lunch invite.doc


Ignore my last email.

ckm


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I talked to Cheryl this morning; she will be back in the office on Monday, September 10.

Thanks,
Holly Keiser
Enron Wholesale Services
Legal Department
Phone: 713-345-7893
Fax: 713-646-3490
Location: EB 3887
Holly.Keiser@enron.com


EXECUTIVE SUMMARY
?	A New MOU Takes Shape in the Assembly
?    The Fate of Direct Access
?    DWR Rate Agreement

California's Assembly Rallies 'Round a New MOU
The lights were burning late in the California Capitol last night as lawmakers in the Democratic caucus volleyed final versions of the newly consolidated Edison MOU bill, AB82.  Details leaked to the public concentrate on disputes over the valuation of SoCal's transmission line assets, however, sources report this matter is only a prelude to even greater contentious language buried in the bill's various sub clauses.  Earlier media reports noting that the bill would be based on Senator Burton's preferred legislation are also far off the mark.  The draft bill tries to get the State out of the power business as fast as possible and binds power users to decades of high prices.  The proposed language also significantly reduces the chance of a SoCal Ed bankruptcy and provides the company with lavish concessions.  SoCal Ed is complaining about some technical details in public, but the draft bill offers probably the most generous deal any electricity utility has seen from regulators.  Sacramento insiders tell us the bill has "a pretty good chance" of passing in the next 3-4 days, but could touch off a political and legal storm because of its draconian impact on Californian power users.

The Assembly's AB 82 contains three primary additions that distinguish it from thee Senate's SB 78XX bill and:

1)	The Governor and Assembly Democrats propose to charge a massive 'exit fee' to any end user wanting to switch a future alternative power providers.  All California electricity users will be liable for the cost of Governor Davis' expensive long-term power contracts for their whole term (save municipalities like SMUD and LADWP).  This is apparently the only acceptable compromise for legislators that would both secure revenue to cover the State's long-term power costs and maintain the promise of direct access established at the onset of California's deregulation.  The clause sidesteps some of the obstacles the California State Constitution places in the way of stopping direct access, particularly for municipalities.  But it could still be open to legal challenge.  California officials hope that it will be enough to quiet the issue until the October power bond sale is finalized.

2)	The Assembly expanded the rate base of "commercial class" users to pay back SoCal's bailout bonds by incorporating small businesses that use 20 kW.  It appears likely that this change was made because S&P told the state that a larger rate base would be needed to support the bailout bonds.  S&P wants all ratepayers to help repay and secure the bailout bonds; including small businesses.  This change is likely to draw heavy fire from the powerful California Technology and Manufacturers' Alliance (CTMA).

3)	The PUC will be mandated to set rates at any level necessary to preserve SoCal Edison's solvency and borrowing ability.  This regulation essentially links consumer electricity rates with maintaining SoCal's investment grade credit rating.  Arguably, SoCal would need to do little more than make a case that that S&P might downgrade them and the CPUC would necessarily respond with a rate increase. If SoCal can get this concession, the nickel and dimes issue of transmission line valuation will be muted, a promising sign to those fearing bankruptcy.

Sources within the Sacramento Capitol inform us that the Governor and Hertzberg are likely to get their way for now. The precise wording of the clauses may be toyed with in the final markup session, but we understand there is considerable momentum behind the substance.  There are some indications that the Governor may have overestimated the amount of support AB82 has in the Assembly.  Republicans are not on board, so if the bill passes it will be subject to 90 days delay before taking effect.  It remains unclear whether the plan will come to a vote next week.  When/if the plan does pass, it will likely have no more than a 50% chance of escaping the Senate.  Senator Burton, the consumer advocates, and the CTMA are staunchly against any plan that would include small businesses in paying off SoCal's bailout bonds.  Sen. Minority leader Burlte told several lobbyists yesterday that the Republicans would walk away from any amended SB 78XX that emerged in the House, having already agreed to the Sher bill (SB 78XX) before the recess. This is reportedly the same attitude Brulte's counterpart in the Senate, John Burton, has articulated -- and not a good sign for Edison.

Direct Access
Contrary to the CPUC's press release explaining their decision to delay the direct access ruling to allow more time to review the case, sources report the reason for the delay is that the Commission prefers to wait for the Legislature to act on SB 18XX (bond repayment) before ruling.  Key business community leaders expect the PUC to formally end direct access on Sept. 6. However, the Legislature has the authority to reinstate direct access in whatever form it may choose.
Presuming the PUC carries out the expected action and permanently suspends direct access; the following are some possible outcomes:

?	The Legislature, under pressure from a unified business community, could restore direct access before the end of the session allowing moderate Democrats in swing districts to say they protected the economic climate, but only with exit fees and time commitment restrictions that are unpalatable to businesses. Many in the business community are willing to accept having to "eat" a DWR surcharge for long-term power contract commitments and a surcharge to pay for a substantial portion of Edison's accumulated debt. But according to our sources, Legislative Democrats are insisting on exit fees substantially beyond these surcharges to head off the need for additional residential rate increases that might be needed to satisfy DWR commitments.

?	If this occurs, or if the Legislature simply stands idle and declines to restore direct access, business leaders may likely give up on direct access and shift their efforts to restructuring the rate allocation to shift a greater portion of the burden to the residential ratepayer classes. (The March rate increase by the PUC placed a disproportionate share of the revenue requirement burden on the industrial ratepayer classes.) This would present a huge political challenge. But because the amount of net short power expected to be available for direct access agreements is so small -- one estimate places it at no more than 5000 MW (or about 10% of demand) through 2007 -- there is growing sentiment in the business community that it is no longer really worth fighting for direct access given the political obstacles.

?	Additionally, there is the interesting prospect that DWR itself might expand and dominate the market for net short power sales, given the agency's expected surplus supply via the forward contracts. There is nothing in law or regulation currently that would prevent DWR from acting as a market participant and selling excess power; indeed, DWR already sells excess power to municipal utilities, private utilities and power managers outside California.

DWR Rate Agreement and Edison Rescue
In the Senate informational hearing today on the DWR rate agreement, DWR representatives acknowledged that the agency is still negotiating contracts for additional forward power.  This prompted concern by some legislators and consumer activists who believe DWR has already over-purchased long term power, causing sales by DWR of excess power for as little as $1 per MW at times this summer.


---------------------- Forwarded by Rosalee Fleming/Corp/Enron on 01/16/2001
09:36 AM ---------------------------

Maureen McVicker
01/15/2001 01:13 PM
To: Rosalee Fleming/Corp/Enron@ENRON
cc: Lora Sullivan/Corp/Enron@ENRON
Subject: Letters to Members of Congress and Cabinet Secretaries for Ken Lay's
signature

Rosie:

Here are the letters I left you a voicemail about.    Please see the email
below about which letter are to be mailed and when.  I'm sorry to ask you to
print these out, but I didn't have any of Ken's letterhead.   If you have any
questions, please call Ginger Dernehl or Lora Sullivan.   I will be out of
the office until Friday (there will be a temp at my desk).

Attached is a list of people, with their correct salutations and a copy of
the form letter.  (I will send up the envelopes for these letters - Lora
Sullivan had already printed them out earlier).

Lora:  FYI - Steve made one slight change to the letters you sent.  The only
change was at the bottom of the letter - he added (Business Council) after
Phil Cassidy's name and added Linda's name and number as a contact person.

----- Forwarded by Maureen McVicker/NA/Enron on 01/15/2001 12:49 PM -----

	Lora Sullivan
	01/10/2001 04:01 PM

		 To: Maureen McVicker/NA/Enron@Enron
		 cc:
		 Subject: Letters to Members of Congress and Cabinet Secretaries for Ken
Lay's signature

Maureen,
I'm overnighting these completed letters to you. They have been printed on
Ken Lay's letterhead and are ready for his signature after Steve reviews them.
I want you to have electronic copy for your records.
Let me know if you have any questions.
Lora Sullivan
202-466-9142

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

ENRON, WASHINGTON
MEMORANDUM

TO:  Steve Kean
cc:  Maureen McVicker
FROM: Linda Robertson
DATE:  January 10, 2001
RE:  Letters to Members of Congress and USG
  Regarding Business Council Winter Meeting

Steve:

Appended are the new invites to the February Business Council meeting for Ken,
s signature.  They are divided into two groups.  Group one should be mailed
immediately to the Members of Congress.  Group two to Cabinet secretaries,
should be mailed on January 22nd and only after checking with us as to the
status of their confirmation.  We decided to send these invites to the
relevant Department post confirmation rather to the transition where the
invite stood a signficant chance of being lost.

Linda
202-466-9159

Encl.


This deal has been entered a CNG South Citygate deal and it should be entered
and CNG Appalachian production.  Jim Javins said he thought the deal was
behind hastings.  Could you guys move it.  I would but Mr. Tengle yelled at
me about messing up the risk assignments.


Melba,
	I need to have a new physical gas, day product set up as soon as possible.  The point will be Northern Border Pipeline at the Harper Transfer Point NBPL/Harp TP).    The point is in Keokuk county in Harper,Iowa  If you have any further questions please call me at 3-1929.  Thanks for your help.


In case you do not have my draft of the filing, here it is.

---------------------- Forwarded by Susan Scott/ET&S/Enron on 05/16/2000
03:50 PM ---------------------------

Christine Stokes
05/16/2000 03:44 PM
To: Kevin Hyatt/ET&S/Enron@Enron, TK Lohman/ET&S/Enron@ENRON, Jeffery
Fawcett/ET&S/Enron@ENRON, Lorraine Lindberg, Susan Scott/ET&S/Enron@ENRON,
Richard Hanagriff/ET&S/Enron@ENRON, Darrell Schoolcraft/ET&S/Enron@ENRON
cc:

Subject: Fuel Monetization Meeting

Please join me tomorrow, Wednesday May 17th, at 3:00 p.m. in room 4194 to
discuss some of the details of implementing Transwestern's potential fuel
monetization service.  Thanks!


Hi team.  I may be inviting you to a chat on Thurs.
---------------------- Forwarded by Chris Germany/HOU/ECT on 03/28/2000 04:54
PM ---------------------------

	From:  Colleen Sullivan                           03/28/2000 12:49 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: storage clarification & issues

Chris--FYI--are you available for a meeting Thursday, March 30 at 11:00 a.m.
to discuss these issues?  If so, will you ask Kim to get a room for us for
about an hour?

Thanks.

---------------------- Forwarded by Colleen Sullivan/HOU/ECT on 03/28/2000
12:47 PM ---------------------------

mflewellyn@columbiaenergygroup.com on 03/28/2000 12:34:07 PM
To: " - *colleen.sullivan@enron.com" <colleen.sullivan@enron.com>
cc:
Subject: storage clarification & issues

Colleen,

Attached is an updated storage proxy schedule for COH and AGL showing what our
balance will be as of April 1, 2000.  As always, if you have any questions,
please let me know.  I'm sending a copy of the document to Denny Pick for
signature and will then send it to Jeff Hodge to get signature from Enron.

Aside from the storage issue, there are several other items that we need to
discuss.  Below is a brief description of each.  Please let me know how you
think we could best deal with these - whether it's via phone call or having an
in-person meeting down in your office.

1.  Pricing - I left you a message about this last week.  According to Chris
Germany, all changes to volumes after first-of-the-month must me negotiated.
In the contract, however, it specifically refers to pricing intra-month using
gas daily OR negotiated pricing depending on the timing of the change.

2.  Consistency - During our discussions with Chris, it sounds as though some
pipes are being handled differently than others again as it relates to
intra-month changes.  I'd just like to make sure that we agree on the pricing
mechanism and then apply it consistently.

3.  Local production - Apparently there was local production that John Singer
purchased specifically to back Retail customers, and this production was not
removed from the Wholesale book prior to the sale.  We need to discuss how to
handle this production.

4.  Monthly invoices - We still haven't seen the complete January 2000
invoice.  As I understand it, the demand charges have not all been sent over,
and several items that need to be changed haven't yet been changed.  Also,
Brian Perrone and Charlie Dalphon have indicated that they have requested
back-up documentation on the demand charges, but we still haven't received
anything.

5.  Swap confirmations - For all of the swaps that Clay Deaton put in place
with Enron to keep Retail's existing hedge positions in tact, I still do not
have executed copies of all of the confirmation agreements.  Rich Contos and I
have both called several people about getting a complete set of copies, but we
can't seem to find the right person over there.

Whenever you have time to discuss these, please let me know.

Thanks,

Melissa


See Squawk box

 -----Original Message-----
From: 	Schmidt, Ann M.
Sent:	Thursday, October 25, 2001 1:22 PM
Subject:	Enron Mentions

Fitch Puts Enron On Rating Watch Negative
Bloomberg, 10/25/01

STOCKWATCH Enron higher after dismissing CFO Fastow
AFX News, 10/25/01

DJ Concerned Energy Cos Make Few Changes In Enron Dealings
2001-10-25 14:13 (New York)

Calif Guarantees Allow Williams To Book Power Revenues
Dow Jones Energy Service, 10/25/01
Stocks Expected to Open Lower, Hurt By Weak Economic News
Dow Jones Business News, 10/25/01

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased E
Bloomberg, 10/25/01

Enron CNBC: Squawk Box,
10/25/01

Fitch Puts Enron On Rating Watch Negative
2001-10-25 13:49 (New York)

Fitch Puts Enron On Rating Watch Negative

Fitch-NY-October 25, 2001: Fitch places the following Enron
securities on Rating Watch Negative: senior unsecured debt
`BBB+'; subordinated debt `BBB'; preferred stock `BBB-`;
and commercial paper `F2'. Pipeline subsidiary `A-` rated
senior unsecured debt at Northern Natural Gas Co. and
Transwestern Pipeline Co., are also placed on Rating Watch
Negative.

The rating action primarily relates to the negative capital
market reaction to recent disclosures by the company. The
loss of investor and counterparty confidence, if it
continues, would impair Enron's financial flexibility and
access to capital markets, therefore, impacting its ability
to conduct its business. On Oct. 16, 2001, Enron announced
a $1 billion after-tax charge to earnings to be taken in
the third quarter of 2001 and a reduction of balance sheet
equity by $1.2 billion relating to the unwinding of
structured transactions. Since that time, there have been
several damaging news reports on the company and its
management. More importantly, investors have voiced
concerns. Enron's common stock price has plummeted and
spreads on its debt have widened.

The company has attempted to quell rumors and has publicly
stated that it has adequate liquidity to conduct its
business. Approximately $1.5 billion of unused liquidity is
available under committed bank lines.

An additional concern is that certain structured
transactions of the company including Marlin Water Trust II
and Osprey could unwind. While various sources of repayment
exist, such as the sale or liquidation of underlying
assets, or an equity offering, primary credit support is
derived from the Enron obligation to remarket mandatorily
convertible preferred stock if an amount sufficient to
repay the notes has not been deposited with the trustee 120
days prior to the maturity date or upon a note trigger
event. In the event that the issuance of the preferred
stock yields less than the amount required to redeem the
senior notes in either case, Enron is required to deliver
additional shares. If Enron cannot or does not deliver on
its obligation, then the amount of the deficiency becomes a
payment obligation of Enron, representing a general
unsecured claim. While trigger events include a downgrade
of Enron's senior unsecured debt below investment grade by
one of the major rating agencies in conjunction with
specified declines in Enron's closing stock price over
three consecutive trading days, Enron would have a
forebearance period of 60 days as long as an attempt was
being made to register the shares. The total amount of
Marlin and Osprey debt is approximately $3.2 billion. Enron
has not verified that the underlying assets have adequate
market value to fully pay down the associated debt.

While capital market uncertainties have escalated, Fitch
has no information to indicate that there are any
fundamental problems with Enron's core wholesale, retail,
and pipeline businesses. Fitch expects to be in contact
with the company on a continuing basis to both monitor
ongoing events and address strategic, longer-term issues.

STOCKWATCH Enron higher after dismissing CFO Fastow

10/25/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

NEW YORK (AFX) - Share of Enron were higher in opening trade, after the company dismissed its chief financial officer, Andrew Fastow, due to his past involvement in running two partnerships, in which Enron had invested, dealers said.
At 9.56 am, Enron was up 1.13 usd, or 6.95 pct, at 17.55. The DJIA was down 138.60 points at 9,207.52, the S&P 500 index was down 15.95 pts at 1,069.00 and the Nasdaq composite down 39.02 at 1,692.52.
Enron said it named Jeff McMahon CFO to replace Fastow, after announcing Monday that the Securities and Exchange Commission is looking into the Fastow-related transactions.
"In my continued discussions with the financial community, it became clear to me that restoring investor confidence would require us to replace Andy as CFO," said chief executive Kenneth Lay in a statement.
Enron shares have fallen sharply in recent days on concerns over financial transactions made with the two partnerships, LJM Cayman LP and LJM2 Co-Investment LP, which analysts said could affect future earnings and which have prompted class action suits against the company.
McMahon, who had been serving as chairman and CEO of Enron's Industrial Markets group, had quit his job as treasurer last year, after voicing concerns within the company about Fastow's role in running the two partnerships, according to the Wall Street Journal.
This morning, Salomon Smith Barney analyst Raymond Niles downgraded Enron to "buy- speculative," from "buy-high risk", to reflect his concerns that "lingering uncertainty over financial practices may begin to impair Enron's commercial operations."
"This is the least likely outcome, in our view, but one whose likelihood has increased over the last week as questions continue to be asked," he said.
ng/lj For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

=DJ Concerned Energy Cos Make Few Changes In Enron Dealings
2001-10-25 14:13 (New York)

   By Mark Golden, Kristen McNamara, Jon Kamp and John Edmiston
   Of DOW JONES NEWSWIRES

  NEW YORK (Dow Jones)--Energy trading companies have concerns about the credit
quality of troubled Enron Corp. (ENE), but they have made almost no changes in
policies concerning the top trader of North American power and gas, the
companies said Thursday.

  The concerns have arisen because Enron, which accounts for about a quarter of
the trade in the country's power and gas markets, has seen its share price fall
by a third this week due to uncertainties about its extremely complex financial
structure.

  Moody's has put Enron's credit on watch for possible downgrade, and some of
the company's debt is trading like junk bonds in the secondary market this
week.

  "We have made no changes to our credit policy concerning Enron," said John
Sousa, chief spokesmann for Dynegy Inc. (DYN). "It's business as usual."

  Williams Cos. (WMB) spokesman Jim Gipson said that his company, too, has made
no changes and has no concerns about Enron's credit. Another Top 10 power and
gas trading company, Aquila (ILA), has also left Enron credit unchanged.

  Other companies expressed concern, though they've taken little if any action.

  "Like everyone else in the marketplace, we're proceeding with caution," said
Lora Kinner, director of credit for Tractebel Energy Marketing, the North
American subsidiary of the Belgian company Tractebel S.A.

  Kinner said the company is just looking for more information and doesn't
expect to make any drastic changes.

Calif Guarantees Allow Williams To Book Power Revenues
By Andrew Dowell
Of DOW JONES NEWSWIRES

10/25/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Clarifications by California as to what electricity transactions the state will back enabled Williams Cos. (WMB) to book $180 million in power sales from the previous period as third-quarter revenues, the company said Thursday.
The revenues came from power Williams sold through the California Independent System Operator, which runs the state's wholesale power market and clears and settles transactions.
The state of California has paid more than $11 billion for power bought directly from suppliers, but has yet to pay for any ISO power since it took over the job of buying power for the state's ailing utilities in mid-January. Two weeks ago, however, the state made clear for the first time which ISO transactions it would back.
"It's that fact that has allowed us for the first time to recognize dollars from sales to the California ISO," Williams Chief Operating Officer Steven Malcolm said on a conference call Wednesday.
Williams reported third-quarter net income of $221.3 million on revenues of $2.81 billion, up from $121.1 million on revenues of $2.33 billion in the same period the year before.
Williams is now in talks with California to secure payment for its ISO sales. The process is complicated by the state's role as guarantor of transactions undertaken on behalf of the utilities, which aren't creditworthy enough to buy power for themselves. The ISO didn't envision third-party guarantors when it set up its settlement process, and state accounting rules require more detailed bills than those sent out by the ISO each month, state power officials have said.
The state says it has set aside $1.2 billion to cover ISO transactions.
As reported, suppliers including Williams had charged the state with deliberately muddling the repayment issue to keep power flowing for free.
Willing To Renegotiate

Separately, Williams' officers also said the company was willing to discuss reworking its long-term contracts with California, provided the result benefited both parties.
California Gov. Gray Davis is under heavy fire for having locked the state into contracts running as long as 20 years at prices negotiated at the peak of a market that has since collapsed.
Both sides could potentially benefit from changes to the length of the term of the contracts or the specifics of power-supply obligations - perhaps freeing up supply that Williams thinks it could get more money for on the spot market, Malcolm said.
"We're always willing to sit down with a customer," Malcolm said.
Williams hasn't been approached by the state to renegotiate the contracts, Malcolm said.
Any attempt by California to force through one-sided changes is unlikely and could backfire for the state by disrupting plans for new power plants, he said.
"To the extent contracts are changed, financing is going to go away," he said.
Downplaying Enron Opportunities

Williams downplayed its ability to capitalize on the recent troubles of market-leader Enron Corp. (ENE), saying it focuses on large, long-term structured deals, not the high-volume, physical-market transactions that Enron dominates, Malcolm said.
Also, TradeSpark - the Internet-based energy exchange in which Williams is a partner - is limited for now in its ability to expand and take volume from Enron's proprietary system EnronOnline because of the horrific losses operator Cantor Fitzgerald (X.CFZ) suffered in the attacks on the World Trade Center.
"That's interrupted the rapid growth we were seeing," Williams Chief Executive Keith Bailey said on the call.
Enron, which accounts for about a quarter of the trade in the country's power and gas markets and which makes a market for those commodities on EnronOnline, has seen its share price fall by a third this week due to uncertainties about its extremely complex financial structure.
Those concerns have raised questions about the business model of EnronOnline, a platform on which Enron is the counterparty in all trades. Those concerns could eventually boost volume on neutral exchanges like TradeSpark.
"We continue to believe in the neutral platform that TradeSpark offers," Malcolm said.
TradeSpark LP was formed by eSpeed Inc. (ESPD), Cantor Fitzgerald (X.CFZ), Shell (RD) unit Coral Energy, Dominion (D), Koch Energy Trading Inc., TXU Corp.'s (TXU) TXU Energy unit and Williams Cos.' Williams Energy Marketing & Trading Co.
-By Andrew Dowell, Dow Jones Newswires; 201-938-4430; andrew.dowell@dowjones.com

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

Stocks Expected to Open Lower, Hurt By Weak Economic News

10/25/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Wall Street Journal Online News Roundup
Stocks are expected to open with losses Thursday, weighed down by disappointing U.S. economic news and the European Central Bank's decision to leave interest rates unchanged.
About an hour before the New York Stock Exchange opened, futures on the Standard & Poor's 500-stock index were sharply lower, suggesting that the Dow Jones Industrial Average will post a 94-point loss at the opening bell.
In one of a trio of negative economic reports, the Commerce Department said orders for durable goods, or products expected to last more than three years, tumbled 8.5% in September. That was a much steeper drop than the 0.9% decline forecast by economists surveyed by Thomson Global Markets.
Meanwhile, the Labor Department reported that the number of Americans filing new claims for state unemployment insurance rose to 504,000 for the week ended Oct. 20. That was more than the 500,000 jobless claims expected by economists.
The Labor Department also said that the employment-cost index rose 1% in the third quarter, slightly more than expected. The indicator measures changes in compensation costs, including wages and salaries, as well as costs for employee benefits.
Later, at 10 a.m. EDT, the National Association of Realtors is expected to say that 5.26 million existing homes were sold last month, down from the 5.5 million sold in August.
Prior to release of the economic news, S&P futures had pointed to a weaker opening on Wall Street, after the ECB left rates alone despite growing political pressure for another rate cut to help the stumbling European economy.
In addition to pouring over Thursday's economic reports, investors will spend much of the session sorting through a mountain of earnings reports, said Peter Cardillo, director of research at Westfalia Investments.
Among companies that announced quarterly earnings so far, Dow Chemical said third-quarter net income plunged 84%, hurt by weak demand, substantial price declines and a slew of charges mostly related to acquisition expenses and restructuring at Dow Corning.
Among other stocks to watch, Enron on Wednesday replaced its finance chief, Andrew Fastow, capping a tumultuous day in which the Houston powerhouse saw its stock price continue to fall sharply.
States suing Microsoft are hiring one of the nation's top trial lawyers, signaling they may seek a harsher antitrust remedy than the White House. Meanwhile, the software giant's Windows XP formally makes its debut Thursday.
In key overseas markets, stocks were mixed. London's Financial Times-Stock Exchange 100-Share Index was down 1.2% in intraday trading, while Frankfurt's DAX was 0.9% lower. Earlier in the day, Japan's Nikkei 225 average closed with a gain of 0.7%, and Hong Kong's Hang Seng Index rose 0.2%.
In Wednesday's session, Wall Street continued to shrug off disappointing earnings news, and focused instead on hopes that low interest rates and the government's economic-stimulus program will produce a recovery.
Technology issues saw much of the buying, with the Nasdaq Composite Index rising 27.10 points, or 1.6%, to 1731.54. The Dow industrials inched 5.54 points, or 0.1%, higher to close at 9345.62, despite substantial losses in two of its components, Eastman Kodak and AT&T, which issued weak outlooks.
In major U.S. market action Wednesday:
Major stock indexes advanced. But on the Big Board, where 1.34 billion shares traded, 1,374 stocks rose and 1,743 fell. On the Nasdaq, 1.89 billion shares changed hands.
Bonds gained. The 10-year Treasury note rose 13/32, or $4.0625 for each $1,000 invested. The yield, which moves inversely to price, fell to 4.588%. The 30-year bond was up 23/32 to yield 5.330%. Early Thursday, the 10-year note was up 10/32 to yield 4.553% while the long bond was 17/32 higher, yielding 5.303%.
The dollar was mixed. Late in New York, it traded at 122.87 yen, up from 122.68, while the euro rose against the dollar to 89.35 U.S. cents from 89.07. Early Thursday in New York, the dollar bought 123.17 yen and traded at 88.27 cents to the euro.
For continuously updated news from The Wall Street Journal, see WSJ.com at http://wsj.com.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

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

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased E
2001-10-25 12:07 (New York)

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased Enron
Corp. Common Stock

NEW YORK, NY -- (INTERNET WIRE) -- 10/25/01 -- Kaplan Fox
(kaplanfox.com) has filed a class action against Enron Corp. and
certain of the Company's officers and directors in the United States
District Court for the Southern District of Texas.  The suit is
brought on behalf of all persons or entities who purchased the common
stock of Enron Corporation ("Enron") (NYSE: ENE) between January 18,
2000 and October 17, 2001, inclusive (the "Class Period").

The complaint charges Enron Corp. and certain of its officers and
directors with violations of the Securities Exchange Act of 1934.
The complaint alleges that during the Class Period, defendants
engaged in asset and securities sales to closely related affiliates
and interested parties, which disguised Enron's true financial
position.  Many of the details of these transactions were hidden from
the public.  Defendants used these asset sales to falsely improve
Enron's balance sheet, thereby maintaining Enron shares at an
artificially inflated price.  Certain Enron executives, who held
positions in the affiliates that presented clear conflicts of
interest, reaped millions of dollars in personal gains from these
transactions.

The complaint further alleges that during the Class Period, Defendants
made misleading statements regarding the potential value of Enron's
Broadband business, in order to artificially boost Enron's share
price.  With knowledge that Enron's Broadband business would never
post a profit and was seriously overvalued, Defendants continued to
make misleading statements about the Broadband business in order to
maintain the share price at its artificially inflated levels.
Defendants used the artificially inflated value of Enron's Broadband
business to hedge against, in order to gain millions of dollars in
financing.  Defendants failed to disclose the risk of these financing
arrangements.  Defendants hid the true nature of Enron's earnings,
its hedging, its businesses, and the correct state of Enron's
finances from its investors and the market, further artificially
inflating Enron's share price.  While the stock was artificially
inflated for the above reasons, Enron executives engaged in extensive
insider trading, gaining personal proceeds of approximately $482
million during the Class Period, before the public became aware of
the above practices.

Plaintiff seeks to recover damages on behalf of the Class and is
represented by Kaplan Fox & Kilsheimer LLP.  Our firm, with offices
in New York, San Francisco, Chicago and New Jersey has many years of
experience in prosecuting investor class actions and actions
involving financial fraud. For more information about Kaplan Fox &
Kilsheimer LLP, you may visit our website at www.kaplanfox.com

If you are a member of the Class, you may move the court no later than
December 21, 2001 to serve as a lead plaintiff for the Class.    In
order to serve as a lead plaintiff, you must meet certain legal
requirements.

If you have any questions about this Notice, the action, your rights,
or your interests, please e-mail us at mail@kaplanfox.com or contact:

Kaplan Fox & Kilsheimer LLP - 805 Third Avenue,  22nd Floor - New York,
NY 10022

Kaplan Fox & Kilsheimer LLP - 100 Pine Street, 26th Floor - San
Francisco, CA 94111

Contact: Frederic S. Fox, Esq., Kaplan Fox & Kilsheimer LLP
Phone: 800-290-1952
Fax: 212-687-7714
Email: mail@kaplanfox.com

    Date      October 25, 2001
    Time      07:00 AM - 08:00 AM
    Station   CNBC
    Location  Network
    Program   The Squawk Box

              Mark Haines, co-anchor:

              Joe Kernen, what's going on?

              Joe Kernen, co-anchor:

              We've got to shift gears into this Enron situation which
              has just been--you've been talking about it quite a bit,
              David--how could you not talk about it?  Seventy-six
              million shares yesterday, down fifty percent in the last
              two weeks.  This is a company with--what?--a hundred
              million in revenues.

              James Cramer, guest market commentator:

              Maybe.

              Kernen:  Yeah, right.  Anyone who does any trading in
              energy apparently, you know, uses Enron Online, so anything
              that destabilizes Enron to a great extent could destabilize
              the whole energy trading arena and...

              Cramer:  Go ahead, say it!  Say what you're thinking!  No
              one has said it yet.  We know the truth.  We believe that
              Enron caused a national short squeeze.  They knew every
              single number in this gas situation.  They wrecked the
              California utility system and profited from it.  That's my
              bet.  My bet that this--they had--look, they were the
              market maker.  Imagine if Instinet knew what you were going
              to be buying and took it ahead of you.  I think they
              cornered the market for electricity for about four months,
              made a huge fortune and now the company is unraveling and
              when someone--when the Justice Department gets in there
              we're going to discover this.

              Kernen:  Let's see what happened...

              Haines:  Now, wait a second...

              David Faber, co-anchor:

              Whoa, whoa, whoa!  The Justice Department, Jim?  Now, is
              that new?  Is that something--

              Cramer:  No, that would be, if I were a prosecutor,
              something...

              Faber:  OK, so they are not being investigated?

              Cramer:  Well, no, I'm actually being a little forward
              thinking.

              Kernen:  The SEC wants documents about the limited
              partnership transactions of Mr.--

              Faber:  Which is very different from what Jim is talking
              about.

              Cramer:  No, I'm saying that this is what, if I were an
              enterprising prosecutor, I would say, Did we have a
              nationwide short squeeze in electricity caused by one
              company that had access to all the screens and knew exactly
              what was happening with the electricity market which then
              wrecked the California utility system, cost the consumer
              billions of dollars, and is now being hushed up?

              Kernen:  Well, let's talk about the actual news.  Here's
              yesterday's trading--

              Haines:  Wait a minute.

              Kernen:  Well, I just want to say that the guy is gone now.
              That's the new news here.  Did you read--did you know that
              Fastow, after four--

              Faber:  Late yesterday.

              Kernen:  Yeah, after four o'clock, Fastow is gone.  What's
              interesting--

              Faber:  He's the CFO--

              Kernen:  But he's a new CFO.

              Faber:  --who benefitted personally from some of these
              off balance sheet partnerships.

              Cramer:  Mark, you know, I'm not on thin ice here, I'm not
              on thin ice.

              Haines:  I just want to make sure we understand that this
              is your theory.

              Cramer:  This is my theory.

              Haines:  OK.

              Cramer:  It is just a theory.  It is my opinion.  But I
              think we've got to find out more about that short squeeze
              that occurred.

              Haines:  OK.

              Cramer:  We need to find out whether it was orchestrated.

              Kernen:  The new CFO might help regain some credibility for
              the company because he was the old treasurer who left that
              position a year or so ago because of some disagreements
              with how Mr. Fastow was doing business apparently.  So now
              he's back as CFO and we'll whether that calms the market
              down.

              Faber:  Well, what they need to do-- Joe, they need to come
              clean.  I mean, that is what all the investors in Enron and
              those who've left the company as investors over this last
              week have wanted.  Let's see everything; be as transparent
              as you possibly can be; tell us exactly what we need to
              know.  And as much as they need to come clean with their
              investors, they need to come clean with their trading
              counterparties because that is really what people are
              concerned about.

              Kernen:  Why is the credit worthiness issue such a big
              deal?  Anyone who does trading with them, if their credit
              worthiness were to go--if their credit rating were to go
              down, how would that affect energy trading?

              Faber:  Well, you want to know that they're going to be
              there on the other side and make good on the trades.

              Kernen:  I guess you would, wouldn't you?

              Faber:  Right.  Not that they aren't, but why would you--if
              you can trade with seven other guys--seven other companies,
              maybe you cut back a little bit on your exposure there.

              Kernen:  Now, why would--

              Faber:  And that would hurt their core business.

              Kernen:  Why are people expecting some type of action from
              the credit agencies, not because of the stock price, right?
              Because of something that could unravel--

              Faber:  Because of something related to these liabilities
              they may have--

              Kernen:  That they don't know about at this point.

              Faber:  --that they may have with regard to funding some of
              these off balance sheet partnerships that they backstopped
              in terms of borrowing that went on at the project level at
              the off balance sheet partnership.  Will it be a liability?
              They don't know.  But that's one of the reasons--

              Kernen:  We're talking hundreds of millions or billions?

              Faber:  They don't know.

              Kernen:  But there were billions of dollars in limited
              partners?

              Faber:  Yes.  About three billion in financing, I think is
              what some analysts estimated.

              Kernen:  This is a pretty big number.

              Faber:  Yeah, they can get to most of that with the assets
              that they have in the partnerships themselves.

              Kernen:  I use a six month chart to show what's happened
              over the last two weeks.  You got to look at here.  But if
              we went back a year, you'd see eighty as far as the high
              for Enron.  Now we're at sixteen.

              Faber:  Everybody else took a hit yesterday.  Dynegy got
              hurt.

              Kernen:  Well, I got Dynegy next.  Don't--  Here we go.

              Faber:  I'm sorry.  I'm getting a little excited.

              Kernen:  You are.

              Faber:  Enthusiastic about your charts.

              Kernen:  There's a weekly chart of Dynegy, and you know
              what's coming next, don't you?  Now I'm worried about the
              utility average.  I've worried about the transportation
              average a lot in my career.  Mark, now the utilities have
              replaced my worries.  I'm angst-ridden.  Did you see this
              chart?  We're breaking below the--

              Cramer:  That's a positive, not a negative, Joe.

              Kernen:  What's wrong with Cramer today?  What happened?

              Cramer:  I'm all fired up!

              Faber:  He really is.  My, God, he's got the DOJ getting
              all crazy, the FBI, the CIA.  You going down to En--you
              going down to Houston yourself?

              Cramer:  I may just have to.  I may have to clean up that
              whole city.

              Kernen:  Jim, why would the--that's the--now getting down
              to the lows, I mean, the other averages have come back
              quite a bit from the post-attack lows, the utilities are
              retesting those.  That's not something to worry about?

              Cramer:  No, because I think there's a lot of money going
              into more cyclical issues.  I think the economy is showing
              signs of getting better.  The consumer is certainly much
              stronger than we thought.  The base book didn't say the
              corporate was strong, but the consumer is strong.  Much
              stronger than before.

              Kernen:  All right.  In the past people have worried about
              the utility averages being a leading indicator, though.  I
              don't--we're talking about four hundred to two-ninety at
              this point.  That's a long way.

              Cramer:  This average has got a lot of problems to it, but
              I still think that--

              Kernen:  It's no longer the--

              Cramer:  --you sell this as safety.  We don't want safety
              as much as we want a little bit more reciprocality.

                        # # #


Joe,
As Eric discussed, we need to get the MCV 1 Contract "re-quoted" as of close of business today (03/20/2002). For reference, below are the quotes you provided on 03/15/2002.
NYMEX
indication on the nymex for jun 02/dec 07 is 3.651
Basis:
indication for the trunkline s tx jun 02-dec 07 is -13/-10, trunkline,la. jun 02-dec 07-10/-8
apr 02-oct 02 trunkline s tx indication -12/-9, nov 02-mar 03 -13/-9
apr 02-oct 02 trunkline, la indication -8.5/-7.5, nov 02-mar 03 -8.5/-7.5
Index:
Joe the indication for index on the trunkline s texas is index-1/ index+1 for jun 02/ dec 07, and the trunkline, la index indication is index flat/ index +1 jun02/ dec07

Thank you very much for your help.

Yuan


Jennifer,

As it stands right now, don't count me in for dinner.  I may call you tonight
or tomorrow if it works out that I can come.  I think my friends would like
it, but they're here seeing someone else as well.  If I don't make it to
dinner, we'll definitely meet you guys out afterwards.

Mat


Tana -

The attached is consistent with my changes which I forwarded the other day.

Mark
Senior Counsel, EWS
Phone:     713-345-8897
Facsimile: 713-646-3490
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 05/23/2001 04:33 PM -----

	Peter Feltman/ENRON@enronXgate
	05/23/2001 01:55 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Mark Greenberg/NA/Enron@ENRON, Mathis Conner/ENRON@enronXgate
		 Subject: FLAG/Enron NDA

Tana:

Attached is a marked version of the FLAG/Enron, which changes FLAG has
agreed.  Please produce a clean version of the attached, put it on Enron
letterhead and provide to me so that I may arrange to have it signed by an
appropriate officer of ENW.

Please call if you have any further questions or comments.

Thank you,

Peter Feltman

Peter Feltman
Director
Enron Net Works
1400 Smith Street
Houston, Texas 77002
Telephone: 713-345-4482
Cellular: 713-594-4009
Facsimile: 713-646-8583
E-Mail: peter.feltman@enron.com


Daren - can you please let me know the status on this for 02/2000?  Thanks, Gloria

 -----Original Message-----
From: 	Barkowsky, Gloria G.
Sent:	Friday, June 29, 2001 4:47 PM
To:	Farmer, Daren J.
Cc:	Garcia, Clarissa
Subject:	RE: EPGT

Daren - what about February 2000?  It doesn't look like it's been pathed for HPL and CHAN.
Please let me know.  Thanks, Gloria

 -----Original Message-----
From: 	Farmer, Daren J.
Sent:	Monday, June 25, 2001 5:16 PM
To:	Barkowsky, Gloria G.
Subject:	RE: EPGT

Deal 871172 has been pathed from the Texas side.

D

 -----Original Message-----
From: 	Barkowsky, Gloria G.
Sent:	Friday, June 22, 2001 4:50 PM
To:	Garcia, Clarissa; Farmer, Daren J.; Dinari, Sabra L.
Subject:	EPGT

Clarissa - Thanks so much for all your help with this pipe!  Everything looks great.  I just have a couple of paths
that I need to finish it:

January 2000 - I need deal #854688 pathed for EPGT and for TETC.  According to the invoice, we should have
                      11,129 dth on the interconnect.

February 2000 - I need deal #871184 pathed for HPL and CHAN.  HPL should have 3,600 dth and CHAN should
                       have 11,500 dth on the interconnect.

July 2000 - Deal #871172 has an interconnect issue.  According to MOPS contract #105124, they received 8,275 dth
                 on the Matagorda 624, but according to EPGT, they delivered 10,362 dth to HPL (?)  Could this possibly
                 need to be split somehow, or do you have any other ideas?

Let me know.  Thanks, Gloria 3-7118


Also:  Steve/Maureen:

Please see draft letters which we plan to forward to Rosie/Tori today for Ken
Lay's approval:


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 03/09/2001
01:58 PM ---------------------------

"Val Generes" <valgeneres@ev1.net> on 03/09/2001 12:56:09 PM
Please respond to "Val Generes" <valgeneres@ev1.net>
To: <matthew.lenhart@enron.com>
cc:

Subject: BB

?
 - burkebrooke2.jpg
 - burkebrooke1.jpg


Gerald,

Paul is over here at 3:00 Denver time.  Please let me know your comments
asap.  Thanks

Ken


Please find attached the file that Dawn sent to me.  Sorry for the delay.
Next month I'll be more prepared.

Thanks,

Errol McLaughlin, X5-8274


-------------------- Forwarded by Lisa Shoemake/HOU/ECT on 05/10/2001 10:47
AM ---------------------------

David Ryan@ENRON
05/10/2001 10:41 AM
To: Lisa Shoemake/HOU/ECT@ECT
cc:
Subject: Earth Sat

Could you please forward this message to all of the Power Group

**** Reminder ****

Earth Sat will be at Enron tomorrow, Friday from 3 pm to 4 pm to give a
hurricane seminar, including a more in-depth look at this season, along with
updates to their Summer 2001 Forecast. The seminar will be held in 30C1 and
refreshments will be served.

Any questions,

contact Dave Ryan, x3-5462

Thank you


Attached are the latest based on our discussions.  I couldn't redline the Capacity Release Agreement, so I am only sending a clean version.  I would still make a general caveat, that we still need to do a final review of the gathering agreement.  This could add to the Transaction Agreement.


The only online trading counterparty lists I am aware you see are the lists
that originate from Houston Credit.  London has their own lists of
counterparties I never see.  Do you think we need to get them to forward all
lists with Japanese & Australian counterparties to you and Jane for approval?


In order to clarify the memo regarding the reorganization of EECC, we want to
clarify that NEPCO, as a stand alone entity, will report to Larry Izzo inside
of EES.


FYI:  A Jeff Skilling floor meeting is scheduled for the 31st floor on Monday, June 11 at 3:30 pm.  The locations is near 3122K.

Eric


Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 06/18/2001 09:31 PM -----

	"US Publishing" <brice@restructuringtoday.com>
	06/15/2001 03:20 PM
	Please respond to brice

		 To: "RT Reader" <brice@restructuringtoday.com>
		 cc:
		 Subject: Restructuring Today, June 15, 2001

(see attached file: rt010615.pdf)

Thank you,

Brad Rcie
 - rt010615.pdf


John,

The credit contact at TXU is Chris Papousek 713-210-5085.

Thanx,

Chris


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/23/2000
08:03 AM ---------------------------

"NW Whitepapers Download" <Whitepapers@bdcimail.com> on 06/23/2000 03:52:34 AM
Please respond to "Whitepapers Download Help" <NWReplies@bellevue.com>
To: <vkamins@enron.com>
cc:
Subject: Whitepaper Download

NETWORK WORLD FUSION FOCUS: Whitepaper Download newsletter
06/22/00

Dear Wincenty Kaminski,

11 FREE Newsletter Additions from Network
World!
Sign up Today at http://www.nwwsubscribe.com/foc35
Coming in June: Wireless in the Enterprise, Servers, Optical
Networking, The Network Channel and The Edge!
Coming Soon: Net Worker, Convergence, Free Stuff, Mobile
Computing, The Network World 200, and Technology Executive

Today's Focus: Whitepaper Download
---------------------------------------------------------------
By Keith Shaw

We,re back after a small hiatus, to bring you more white papers
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Arrowpoint Communications
Web Site Security and Denial of Service Protection

Preventing a denial-of-service (DOS) attack is critical for most Web
sites. These attacks are specifically designed to bring down a Web site
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IP routers to provide basic access control, but often this slows router
performance to an unacceptable point and fails to eliminate many common
types of DOS attacks. Furthermore, traditional firewalls were designed
to prevent access to systems, a concept that is incompatible with
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With that in mind, Arrowpoint presents its case for Content Smart Web
Switches that provide comprehensive Web site and back-end system
security capabilities, as well as the right level of security, without
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and how they can help prevent the DOS attacks.
http://nww1.com/go/wp062200_arrowpoint.html

Sun Microsystems
SunTone Certified Services for Service Providers

With the explosion of service providers offering Internet services, Sun
created the SunTone certification and logo program to recognize and
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elements that promote secure, reliable and predictable Internet
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This white paper explains the program, shows its objectives, highlights
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Network World white paper
Making the Storage Connection

The rising tide of data storage has hit a critical point. Learn more
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Note: White paper is in PDF format, you,ll need Adobe Acrobat Reader to
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Link for white paper:
http://nww1.com/go/wp062200_storage.html
Link for Adobe Acrobat:
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As always, you can find all of our white papers at the Vendor White
Paper area of Network World Fusion. Here,s how to get there:
http://www.nwfusion.com/whitepapers/index.html

The white papers in this newsletter are provided by vendors who sponsor
their white papers on the Network World Fusion Web site. If your
company would like to sponsor its white papers on Fusion and in this
newsletter, call Sales Manager Jamie Kalbach at 610-971-1588.
??Subscription Services??To subscribe or unsubscribe to any Network World e-mail newsletter, go?to?http://www.nwwsubscribe.com/news/scripts/notprinteditnews.asp??To change your e-mail address, go to:?http://www.nwwsubscribe.com/news/scripts/changeemail.asp??Subscription questions? Contact Customer Service by replying to this?message.??Other questions/comments??Have editorial comments? Write Keith Shaw at kshaw@nww.com??Network World Fusion is part of IDG.net, the IDG Online Network.?IT All Starts Here:?http://www.idg.com??Copyright Network World, Inc., 2000?


With Ken Lay's resignation, you undoubtedly have questions about Enron's management structure and what lies ahead for the company.  The purpose of this communication is to begin to answer those questions and lay out the direction we plan to follow as we regroup and rebuild.

First, the Creditors Committee has proposed that the Board of Directors retain an interim CEO to focus on the restructuring process.  This is a positive sign that the Committee believes Enron will provide greater value as a viable ongoing business.

The Enron Board of Directors has approved Stephen Cooper as interim CEO and chief restructuring officer.  Steve is the managing partner of Zolfo Cooper, a corporate recovery and crisis management firm with more than 30 years experience leading companies through operational and financial reorganizations.

Steve and his firm will work with members of Enron's current management to develop and implement a comprehensive plan to restructure the company and emerge from bankruptcy.

As you know, Enron has entered into an agreement with UBS Warburg for the sale of NetCo, Enron's wholesale gas and power trading organization.  In preparation for the transition of NetCo to UBS, Greg Whalley has resigned as president and COO of Enron to assume a position with UBS Warburg.  We want to thank Greg and the NetCo employees joining UBS for their contributions to Enron and wish them great success going forward.

In addition to engaging Steve, Enron has formed an Office of the Chief Executive.  I will join Steve in that office as president and chief operating officer, and Ray Bowen will join us as executive vice president and chief financial officer.

We will provide additional information regarding the roles and responsibilities of Enron's entire management team once those become more fully defined.

Thank you for continuing to support Enron by performing your job everyday.  The ongoing uncertainty about our future, coupled with the constant media scrutiny, makes this situation difficult for all of us. While no one can control the media, we can and will define our leadership and devise our strategy for moving ahead.  And in doing so, we will build a more certain future for our company and our employees.

Link to the press release: http://www.enron.com/corp/pressroom/releases/2002/ene/012902Release.html


---------------------- Forwarded by Chris Germany/HOU/ECT on 03/06/2000 08:56
AM ---------------------------

dkinney@columbiaenergygroup.com on 03/06/2000 08:55:25 AM
To: Chris Germany/HOU/ECT@ECT
cc: "        -         *joan.veselack@enron.com" <joan.veselack@enron.com>
Subject: Daily volumes for 3/6 and 3/7

Chris--The attached file contains our daily requirements for 3/6 and 3/7.
Please call me if there is a problem with scheduling the volumes indicated.
The AGL numbers in this spreadsheet may not be correct and the numbers
provided
by David Scott to Scott Goodell for today and tomorrow should be used instead
of the ones shown here.   Later today, around 4PM eastern time, I will send
you
an update if there are any changes.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 03-06-00 Daily Vols.xls


We have modified this spreadsheet a bit.  Please let me know what you think.
Note that these are all sales by EES and EEMC; volumes are Sep 00 through end
of contract term for each account.  We are tracking down whether there are
any non-EPMI purchases by EES.

Dennis and Jerald--please confirm accuracy.  MDS
---------------------- Forwarded by Mike D Smith/HOU/EES on 10/27/2000 12:20
PM ---------------------------

Allison McHenry
10/27/2000 12:00 PM

To: Mike D Smith/HOU/EES@EES
cc:
Subject: Updated Excel Chart

Attached is the updated chart re the CA subpoena. Please let me know if I can
do anything else.


The following notes are from Ken Smith from State Controller Kathleen
Connell's press conference today:

California State Controller Kathleen Connell held a press conference
today.  Although the Dow Newswire said it would be to disclose long-term
contracts, the event focused on what she believes will be an additional
need for borrowing beyond the energy bonds.

She anticipates an additional $4 billion in borrowing will be needed in
February to meet expected costs.  The borrowing should, she said, be
done as Revenue Anticipation Notes (RANs), short-term notes at a lower
interest rates (about 4%) that must be paid back by the end of the year,
rather than as additional energy bonds.  She categorized the current
budget situation as &the same kind of environment as a bad budget year,8
and said California should maintain at least a 3% reserve.

She did not comment on individual contracts except to say there are 17
different contracts.

Charts her office had prepared showed that $5.136 billion had been spent
on energy purchases through 5/17/01; about 99% of that went to spot
market purchases.  There was also a chart that showed projected
expenditures under the Governor,s plan to be $8.349 billion for the
period January 1-June 1, 2001, with about 89% of that going to spot
market purchases.  How these numbers work together was confusing ) I
checked with a reporter, who said he was also unclear.  I,ll try to get
this cleared up this afternoon.

An easel held a large photocopy of a $533 million check to Mirant, which
is the largest energy check written to date.   More has been paid to
Reliant ) she put it at about 25% of total expenditures ) but &we have
never written a check to Reliant over $500 million8 because of the way
they invoice.

She said the Governor,s financial assumptions for power &do not fit into
the most likely scenario8 and that summer conditions will greatly affect
the actual spending needs.  She noted that DWR estimates it will spend
$9.2 billion through June 30, 2002, although the PUC has only authorized
$7.5 billion.

The other significant announcement was that she plans to use her
authority with the Board of Equalization to hold hearings to determine
whether power plants sold by utilities have been properly assessed for
property taxes.  Apparently, they are still on the tax rolls at previous
rates, but she believes the profits recorded by some generators means
the plants may be more valuable than their current assessments.

A press release was not distributed at the event, although there may be
one issued later today.


Hi David,

It was nice meeting you and Jana again. I hope you will have terrific
vacation.
It's likely to be very hot, wherever you go.

Vince

P.S. Our  e-mail addresses are  vkaminski@aol.com   and    ludkam @aol.com

"David Phillips" <DavidPhillips@bankunited.com> on 08/04/2000 08:48:07 AM
To: <vkamins@enron.com>
cc:
Subject: Dinner

Dear Vince:

Jana and I really enjoyed having dinner with you and Ludmila last Saturday
night.  It was very nice getting to meet and visit with Ludmila.

We will call you later this month after we get back from vacation.

Sincerely,
David Phillips
Bank United
(713) 543-5528

P.S.:  As we discussed at dinner, please send me your home e-mail address.


I have not dropped it off yet.  Can he be set up for Monday?

"Neil Mann" <nmann@erac.com> on 09/28/2000 10:26:22 AM
Please respond to <nmann@erac.com>
To: "C. Kay Mann (E-mail)" <Kay.Mann@Enron.com>
cc:

Subject: StF

I just left you a vm.
The Lunch Service just called back and told me not to send the money to
them. Instead to give it to the school. Did you drop off the contract and
other stuff this morning?  If so I can go by and take care of the lunch
issue.

Sharon Seals called. We have a 2:30 10/9 and maybe a 5:30 each Monday for
the rest of October. She will get back to us on the latter.

Write when you can. I love you. NM


As per Rob Bradley request, I am sending you the draft slides and talking
points for Ken Lay's speech at the Forum on Power & Energy in the West.  We
are expecting Ken's comments tomorrow or Monday morning.  We will  keep you
posted.

Regards,

Ursula Brenner
ENRON CORP.
+1(713)345-3787

This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law. If
you are not the intended recipient, you should delete this message and are
hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any action based on it, is strictly prohibited.


The Master Agreement Structural Issues Working Group met as planned on 18th
June.  As you know, the purpose of the meeting was to try to finalise the
terms of the Cross-Agreement Bridge.

A few substantive comments were made in the meeting, so I am distributing a
slightly revised draft (marked up copy and clean copy) together with a
request for final comments by the close of business, London time, on Friday,
6th July.  Please send comments to me at jberry@isda-eur.org
<mailto:jberry@isda-eur.org>  and to Peter Werner at pwerner@isda-eur.org
<mailto:pwerner@isda-eur.org> .

The amendments to the draft reflect the view expressed in the meeting that,
where parties have specified Automatic Early Termination to apply in their
Master Agreement, parties should have the ability to provide that a Bridging
Event will occur immediately upon the deemed designation of an Early
Termination Date pursuant to the Automatic Early Termination provisions.  In
other words, if parties choose this option, and an Early Termination Date is
deemed to occur automatically under the ISDA Master Agreement, there would
be no opportunity to "disapply" the bridging provisions.  The bridging
provisions would also apply automatically.

It is likely that the Strategic Documentation Review Task Force will meet
soon to discuss the work products of the different groups of the Strategic
Documentation Review that have been looking at ISDA's Master Agreement.  At
that point, the efforts of this group will come under further scrutiny, so
please do take this opportunity to review the attached final draft!

 <<Cross-Agreement bridge5.doc>>  <<Cross-Agreement bridge6.doc>>

Kind regards,
John.

John Berry
International Swaps and Derivatives Association, Inc.
One New Change, London, EC4M 9QQ
Tel: +44 20 7330 3550
Fax: +44 20 7330 3555
e-mail: jberry@isda-eur.org
http://www.isda.org

		-----Original Message-----
		From:	John Berry
		Sent:	05 June, 2001 17:35
		To:	John Berry; Cynthia Richards; Angela Papesch
(Asia-Pacific Office); 'beat.gabathuler@zkb.ch';
'joseph.carrico@ib.bankgesellschaft.de'; 'charles.ross-stewart@ubsw.com';
David Benton; 'David Wysoki'; 'ernst.decker@bhf-bank.com'; 'fcaputo@bci.it';
'gabriel.benincasa@msdw.com'; 'harvey@sbcm.com'; Kimberly Summe;
'lewis_david@jpmorgan.com'; 'Mark Taylor'; Richard Tredgett; Robert Pickel;
'svenokur@lehman.com'; Peter Werner
		Cc:	Anna Elia
		Subject:	Master Agreement Structural Issues Working
Group Meeting, June 18

		Please note that the next meeting of the Master Agreement
Structural Issues Working Group will take place at ISDA's European office in
London on Monday, 18th June at 4.00 p.m., London time (11 a.m., New York
time).  Telephone conference facilities will be provided for those who
cannot attend the meeting (details to be circulated in due course) but, as
always, attendance in person is encouraged.

		The purpose of the meeting will be to try to finalise the
terms of the Bridge that takes an "agreement" (rather than a "transaction")
approach.

		I attach both a clean and a marked-up version of the latest
draft of the Bridge, together with some slides I used at a recent meeting of
ISDA's European Energy and Developing Products Committee, and the minutes
for that meeting.

		Please let my secretary, Anna Elia (aelia@isda-eur.org
<mailto:aelia@isda-eur.org> ), know if you plan to attend the meeting.

		Kind regards,
		John.

		 << File: Cross-Agreement bridge4.doc >>  << File:
Cross-Agreement bridge3.doc >>  << File: ISDA Bridge Presentation.ppt >>  <<
File: Cross-Agreement Bridge memo.doc >>

		John Berry
		International Swaps and Derivatives Association, Inc.
		One New Change, London, EC4M 9QQ
		Tel: +44 20 7330 3550
		Fax: +44 20 7330 3555
		e-mail: jberry@isda-eur.org
		http://www.isda.org

 - Cross-Agreement bridge5.doc
 - Cross-Agreement bridge6.doc


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/22/2001
09:12 AM ---------------------------
From: Todd Kimberlain/ENRON@enronXgate on 02/21/2001 02:26 PM
To: Kyle Berryman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bob
Beyer/ENRON@enronXgate, Reno Casimir/ENRON@enronXgate, Huy
Dinh/ENRON@enronXgate, Partho Ghosh/ENRON@enronXgate, "Gil, Eduardo"
<Eduardo.Gil@ENRON.com>@SMTP@enronXgate, D Todd Hall/ENRON@enronXgate, Joseph
Hrgovcic/ENRON@enronXgate, Michael Nguyen/ENRON@enronXgate, Timothy M
Norton/ENRON@enronXgate, Sandeep Ramachandran/ENRON@enronXgate, Claudio
Ribeiro/ENRON@enronXgate, Rajib Saha/ENRON@enronXgate, Valter
Stoiani/ENRON@enronXgate, Mark Tawney/ENRON@enronXgate, Gary
Taylor/ENRON@enronXgate, Yannis Tzamouranis/ENRON@enronXgate, Steven
Vu/ENRON@enronXgate, Catherine Woolgar/ENRON@enronXgate, Stephen
Bennett/NA/Enron@ENRON, Todd DeCook/Corp/Enron@Enron, Vince J
Kaminski/HOU/ECT@ECT, Jose Marquez/Corp/Enron@ENRON, Andy
Pace/NA/Enron@Enron, Mike A Roberts/HOU/ECT@ECT, David Ryan/Corp/Enron@ENRON
cc:
Subject: web site

To All:

I forgot to send along the web site in my last e-mail.  Sorry about that.

Todd

http://garnet.acns.fsu.edu/~jelsner/www/


Hello everyone,

My husband Ryan is going to be participating in the American Heart Walk on November 3.  He is walking on behalf of our daughter, Sydney, who was born in May of this year with Congenital Heart Disease.  If anyone would like to sponsor us with a cash donation, we would be very appreciative.  I will be accepting donations today and tomorrow.  This is a wonderful organization whose research saves lives like Sydney's every day.  All donations are matched by Enron and are 100% tax deductible.

Please help this worthwhile cause if you can.

Thanks,

Vicki Versen
x30903


CLEM:

I just got dragged into a lunch meeting tomorrow (re:  Whitewing ) so I have
to bag lunch.  Will Friday work?  Maybe you want to go to the meeting!

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