I think the ran the spell check.

 -----Original Message-----
From: 	Dorland, Dan
Sent:	Wednesday, December 12, 2001 9:43 AM
To:	Dorland, Chris
Subject:	RE: Strong decade foreseen for real estate

and Clayton Research.

 -----Original Message-----
From: 	Dorland, Chris
Sent:	Wednesday, December 12, 2001 11:42 AM
To:	Dorland, Dan
Subject:	RE: Strong decade foreseen for real estate

remax wrote the report

 -----Original Message-----
From: 	Dorland, Dan
Sent:	Wednesday, December 12, 2001 8:38 AM
To:	Borg, Jeff; 'kdorland@flint-energy.com'; Dorland, Chris
Subject:	Strong decade foreseen for real estate

December 12, 2001
Strong decade foreseen for real estate
'Demand for all types of housing is set to surge': Aging Baby Boomers, their children and immigrants to drive residential prices
Paul Vieira
Financial Post
The tail end of the Baby Boom generation, along with children of aging boomers and new immigrants to Canada, will keep the residential real estate market strong over the next 10 years, driving the average value of a house up 13%, a new study suggests.
"Demand for all types of housing is set to surge ahead over the coming decade, leading to robust activity, rising prices and a stable investment climate," says the study, jointly written by ReMax Ontario-Atlantic Canada, ReMax Western Canada and Clayton Research.
And Calgary will have the hottest real estate market, with housing prices set to climb 20% to 25% in the next decade, the study says.
Overall, the number of households will increase by 1.5 million over the next 10 years, leading to rising prices for existing homes and steady demand for newly built homes.
Peter Norman, vice-president of Clayton Research, a Toronto-based real estate consulting firm, said the increase will be fuelled by three factors: younger Baby Boomers, between the ages of 35 to 45, who are looking to buy their first home or upgrade from their current residence; the children of the older Boomers, generally 45 to 55, who will be entering the real estate market for the first time; and immigrants.
"Housing prices will remain quite firm over the next 10 years and move up in real terms" Mr. Norman said in an interview.
The combination of high rents and low rental vacancies, particularly in cities such as Toronto and Vancouver, will also help drive the housing market, as will the fact that there has been little or no construction of new rental units.
And mortgage rates are so low that buying is often as financially palatable as renting, Mr. Norman added.
The study concluded that the economy, although in a slump, is in much better shape than it was at the eve of the 1990s recession. Productivity and real income growth have recovered, unemployment is at lower levels than a decade ago, and the country's industrial structure has shifted away from a commodity and manufacturing base, the study said.
"A healthy, long-term economy will boost housing markets by keeping real incomes growing, real interest rates low, and providing confidence in the future performance of real estate assets."
Pamela Alexander, chief executive of ReMax Ontario-Atlantic Canada, said Calgary would be the hottest market in the country thanks to increasing oilpatch activity, migration from other parts of the country and its youthful population.
"Calgary is going through its renaissance period," Ms. Alexander said, adding that its average home price of $180,000 is still 30% to 35% cheaper than Vancouver or Toronto.
Toronto, with its average house price of $250,000, should see growth of 10% to 15%, Ms. Alexander said, because its population is heavily weighted toward 25 to 40 year olds -- who will buy their first home or upgrade -- and because of the scarcity of rental units.
Meanwhile, Ottawa, despite the high-tech downturn, remained one of the hottest housing markets with prices up 10% from a year ago. That market is expected to grow as the federal government increases spending and creates new departments, older civil servants retire and new people are brought in, and the high-tech sector rebounds.


Mike

Take a look at this

http://www.pbs.org/newshour/newshour_index.html#

and go to Paul Solman's report on gas prices.
There is a video capsule of El Paso weather report.

Vince


Mary --

I promised to let you know how it went with Adam Umanoff and Janet Ginsberg
of Business Week on her story about proposed cuts on renewable energy
research.  In the course of the interview, Janet introduced the word
"commentary" in describing the piece.  While her questions were on both sides
of the issue, she seemed to be leaning toward keeping the money for renewable
energy, particularly when you consider the things she told you over the last
couple of days.

Adam did a nice job of staying out of sandtraps, particularly when she asked
him about the argument of why the government should subsidize a deep-pocket
like Enron.  Adam responded that from the beginning it has been the
government's objective to get results from its research efforts, teaming with
corporate partners, and that companies like Enron have delivered.  She also
asked him if he thought budget cuts would have a catastrophic impact on the
industry, particularly the small players.  He said he could not speak to the
impact on smaller players and that, while the funding and the research are
important, he doubted that the result would be catastrophic.  Adam said that
he could not argue with the Energy Secretary's view that wind was one of the
mature renewables, and that we would not speculate about what Enron would do
if the funding went away.  Aside from that, he basically talked about the
importance of the research, the critical nature of continually renewing the
source, and the competitive landscape versus subsidized European firms.

Certainly if she wants to cherry pick Adam's comments to support either side
of the argument, she can.  However, Adam played it down the middle.

Thanks for all your thought on this.

Vance


Attached below is my approval of a bunch of capacity packages for sale on
EOL.  As you can see, I think there is an important issue of contract
language that we need to resolve at some point if we are going to get maximum
mileage out of EOL.  Please let me know what you think we ought to do about
this--in my view, if we are going to sell long term capacity on a discounted
basis, we ought to keep using the language we have historically used on what
happens if our max rates are reduced and what happens if our rate design is
modified.  As to the old confidentiality paragraph and some of the other
stuff, I'm not sure it is worth keeping and running the risk of FERC finding
that we have overreached (i.e., the paragraph saying a customer can't ever
challenge our discount adjustment).   Lets talk.  df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 02/13/2001
10:39 AM ---------------------------

Drew Fossum
02/13/2001 10:38 AM
To: Craig Buehler/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, Dave
Neubauer/ET&S/Enron@ENRON, Craig Buehler/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, Ranelle Paladino/ET&S/Enron@Enron, Jo
Williams/ET&S/Enron@ENRON, Steve Kirk/ET&S/Enron@ENRON, Linda
Trevino/ET&S/Enron@ENRON, Maria Pavlou/Enron@EnronXGate, Dari
Dornan/ET&S/Enron@ENRON, Tony Pryor/ET&S/Enron@ENRON

Subject: Re: EOL Routing/Approval - Urgent

I am OK on selling these packages on EOL.  This approval is based on my
understanding that all of this capacity is currently posted, or, if not
currently posted, will be posted for the appropriate amount of time prior to
sale.  Additionally, this approval is contingent on use of the webtext we
have been using for other EOL deals (I feel the need to say the obvious
because I don't believe Law will see anything on these packages again).  I
also assume that these will be short term deals--i.e., less than one year.
Any long term discounted deals raise concerns that our "standard discount
language" is designed to address, such as what is the effect of a new rate
design or reduction in the max rate on the discounted deal.  I think we can
live without that language in short term deals for now, but we need to
revisit this issue and come up with a solution before we sell any long term
deals on EOL.  ONe last thing, it is marketing's decision whether to include
in the webtext the provision that says Northern gets the $$ if the shipper
releases the capacity at a rate higher than the discounted rate.  I think our
approach in negotiated deals has been to get that agreement if we could (a
basis run up could make it a very valuable right).  If you have any
questions, call me.  DF

	From:  Craig Buehler                           02/12/2001 02:50 PM

To: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Kent
Miller/ET&S/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Craig
Buehler/ET&S/Enron@ENRON
cc: Glen Hass/ET&S/Enron@ENRON, Ranelle Paladino/ET&S/Enron@Enron, Jo
Williams/ET&S/Enron@ENRON, Steve Kirk/ET&S/Enron@ENRON, Linda
Trevino/ET&S/Enron@ENRON

Subject: EOL Routing/Approval - Urgent

***  EOL ROUTING ***

Please send your approval by return email, to Craig Buehler, for the EOL
packages listed on
the attached spreadsheet.  Each of the packages (22 in total) shows the path,
sustainable capacity
and proposed rate for each product.  The rates are estimated to provide a
measure for the dollar
amount of the discount (per our current discount policy).  These 22 products
are the initial deals
being offered; subsequent packages will be routed as they are developed.
Please call Craig, at
713-853-6964, if you have questions.  After approval by Legal, Reg Affairs
and Marketing, the
approvals and/or comments will be forwarded to Danny McCarty for review.

Thanks,

Craig


fyi
----- Forwarded by Richard B Sanders/HOU/ECT on 05/25/2001 07:39 AM -----

	"Anne Marie DeFelice" <adefelice@ggfcmk.com>
	05/23/2001 12:41 PM

		 To: <Richard.B.Sanders@enron.com>
		 cc:
		 Subject: Re: CalPx Participants' Committee Conference Call

Attached is our contact list.

>>> <Richard.B.Sanders@enron.com> 5/23/2001 8:22:00 AM >>>

Do you have a list of the PX participants committee that you could send me
by e-mail.

**************************
* Confidentiality Notice *
**************************

This message is intended solely for the use of the addressee(s) and is
intended to be privileged and confidential within the attorney client
privilege.  If you have received this message in error, please immediately
notify the sender and delete all copies of this email message along with all
attachments.  Thank you.
 - 1197575.pdf


Maybe we give it a couple of hours.  I'm getting nervous, but I tell myself
that whatever works out will be for the best.


Hi Anita,

 How are you?  I arrived yesterday late morning from the London Gatwick
airport.  Due to rush hour traffic, etc. it took a while to get into the city
to the hotel.

 Also, due to May Day (May 1st) protests/riots, etc., the hotel management
strongly recommended that we remain in the hotel.

 However, I am in the office today.  I can be reached via email or via
telephone at 44 (0) 207 783 5647.

Take care,
Iris

 -----Original Message-----
From:  DuPont, Anita
Sent: Tuesday, May 01, 2001 5:23 PM
To: mmumford@enron.com
Cc: Mack, Iris; Crenshaw, Shirley
Subject: I. M. Mack 30Apr-15May **Plse Review for Accuracy**   AGENT CE/CE
BOOKING REF X7W882    MACK/IRIS EB 1972 ENRON CORP
Importance: High

See Iris's itinerary below.  I thought her initial plan was to land this
morning and come in to Enron House in early afternoon.  See itinerary for
phone number of hotel.  Let me know if I can help in any
other way.  Thanks.  Anita

SERVICE                 DATE    FROM             TO               DEPART
ARRIVE

CONTINENTAL AIRLINES    30 APR   HOUSTON TX       LONDON GATWICK  350P
655A
CO 34      J           MON     G.BUSH IAH  GATWICK                   01 MAY
                               TERMINAL DOM     TERMINAL S
DINNER/SNACK                  NON STOP
 RESERVATION CONFIRMED         9:05 DURATION
VEGETARIAN MEAL, NON-DAIRY CONFIRMED
AIRCRAFT: BOEING 777-200/300

HOTEL               30 APR  ATHENAEUM HOTEL AND APARTMENTS
                       11 MAY  116 PICCADILLY
                              LONDON ENGLAND, W1V 0BJ
                              UNITED KINGDOM
                              TELEPHONE: 44-(0)-207-499-3464
                              FAX: 44-(0)-207-493-1860
                              CONFIRMATION: CLAIRE25APR
                                              RATE: RAC GBP 270.00 PER NIGHT
                              GUARANTEE GIVEN
                              PREREG ACTUAL ARR 1MAY 655AM APARTMENT
                 TO AVOID BILLING CANCEL BY 6PM 24HRS PRIOR

CONTINENTAL AIRLINES   11 MAY   LONDON GATWICK  HOUSTON TX       1200N
415P
CO 5       J           FRI     GATWICK          G.BUSH iah
                               TERMINAL S       TERMINAL DOM
 LUNCH/SNACK                   NON STOP
RESERVATION CONFIRMED         10:15 DURATION
  VEGETARIAN MEAL, NON-DAIRY CONFIRMED
                  AIRCRAFT: BOEING 777-200/300


Oops....I forgot to attached the agenda - - sorry!

ENRON TRAVEL CLUB
http://home.enron.com:84/travel/

Meeting Notice & Agenda

Tuesday, 6/12/01
EB 5C2 @ Noon

Lunch is provided so please RSVP to Margaret Doucette no later than
Monday at noon on June 11, 2001.


just need to take care of some things and watch some football

"Larry W. Bass" <lwbthemarine@bigplanet.com> on 09/05/2000 12:50:57 PM
To: Eric.Bass@enron.com
cc:
Subject: Re: Bonnie

Why pray tell do you need to leave by 11:45? Details please.-L

----- Original Message -----
From: <Eric.Bass@enron.com>
To: <lwbthemarine@bigplanet.com>
Sent: Tuesday, September 05, 2000 12:17 PM
Subject: Re: Bonnie

>
> 2. we will probably come out around 10 b/c i need to leave by 11:45 or so
>
>
>
>
> "Larry W. Bass" <lwbthemarine@bigplanet.com> on 09/05/2000 12:03:12 PM
>
> To:   Eric.Bass@enron.com
> cc:   jason <jason.bass2@compaq.com>, KATHY BASS
<daphneco64@bigplanet.com>
> Subject:  Re: Bonnie
>
>
> That is fine with me. How many?-Dad
>
>
>
>
> ----- Original Message -----
> From: <Eric.Bass@enron.com>
> To: <lwbthemarine@bigplanet.com>
> Sent: Tuesday, September 05, 2000 11:56 AM
> Subject: Re: Bonnie
>
>
> >
> > can we make it 10:30?
> >
> >
> >
> >
> > "Larry W. Bass" <lwbthemarine@bigplanet.com> on 09/04/2000 02:23:34 PM
> >
> > To:   jason <jason.bass2@compaq.com>, eric preston bass
> >       <Eric.Bass@enron.com>
> > cc:
> > Subject:  Bonnie
> >
> >
> >
> > Howdy. Bonnie will be here Thursday, for a week. If  you guys are
> > available, we thought we would take all to Brunch @ SWCC, 11 a.m.
> Sunday.
> > Girls are invited. Let me know if you can make it and if your better
> > halves will accompany you. Do so, please, by Wed., so I can make the
> > reservations.-Dad
> >
> >
> >
> >
>
>
>
>
>


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MsgId: msg-4760-B10239749Address.msg-18:41:43(10-23-2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


Dan,

As a follow up to my voice mail, we have the following comments to the
above-referenced Agreements:

Provider Agreement - notices - Please add the following:  Notice of any
default shall also be sent to Enron Corp., 1400 Smith Street, Houston, Texas
77002, Attn: Executive Vice president and General Counsel.

General Terms and Conditions
1.  Section 1 - Third sentence - Please add "and written notice to Provider
as set forth in the Provider Agreement" after the word "System".

2. Section 3 - Third Sentence - Please add " during the term of this
Agreement" after the word "time".

3. Section 5 - Sixth Sentence - Please substitute "the accepting party" in
lieu of the word "User".

4. Section 5 - Seventh Sentence - Please substitute "EnergyGateway shall
cause the System to" in lieu of the phrase "The System shall".

5. Section 8 - Please delete the word "grossly" and the last phrase ", User
or a third party".

6. Section 9 - Please revise the third sentence to read "Transaction fees
will be based on the total volume set forth in an accepted transaction and
will be invoiced by EnergyGateway in full following the transaction
confirmation."

7. Section 16 - Please add the word "written" before the word "consent".

8. Section 23 - Please make this provision mutual and delete the last half of
the section beginning with "RESULTING FROM .........".

9. Section 24 - Please change Ohio to New York and delete the second
sentence.  We prefer arbitration.  Please let me know if you would agree to
look at our standard arbitration provision.  In the fourth sentence, please
change "EnergyGateway's" to "Either party's".

10.  please provide me with a copy of the privacy policy.  I was unable to
locate it on your website.

Should you have any comments or questions, please call me at 713-853-9720.
Your attention to this matter is greatly appreciated.

Jason Peters


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude22.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas22.pdf

Feb. WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clg-qog.pdf
Feb Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Feb Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Feb Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hug-hog.pdf
June Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUM-HOM.pdf
March Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUH-HOH.pdf
Feb/May Unlead Spread
http://www.carrfut.com/research/Energy1/HUG-HUK.pdf
Feb/July Crude oil Spread
http://www.carrfut.com/research/Energy1/CLG-CLN.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG22.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG22.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL22.pdf

Scott Mollner Recommendation
http://www.carrfut.com/research/Energy1/recom1-4-02.pdf


Oneok recap for October:

 Janet     3-1936


Our next EBS Government Affairs staff meeting will be the Wednesday (June 13)
before Rick's meeting in Colorado.   Please let Carmen know if you will be
able to attend.

Thank you.

Sue Nord, Sr. Director
Government Affairs
713 345-4196


Cindy,  Attached is the revised confirm with my changes redlined.  Let me know if this covers Nelson's concerns.

 -----Original Message-----
From: 	Franklin, Cynthia
Sent:	Thursday, October 25, 2001 9:13 AM
To:	Nemec, Gerald
Subject:	FW: Mariner Confirm

Gerald,
With Judy's departure from our group I have been asked to act as the liaison between the Upstream Desk and Legal. I understand that this is an outstanding issue.

After discussing with Nelson, he would like to include a clause stipulating that the three days is not a result of force majeure.

Cindy Franklin
x37679

 -----Original Message-----
From: 	Thorne, Judy
Sent:	Thursday, October 25, 2001 9:02 AM
To:	Franklin, Cynthia
Subject:	FW: Mariner Confirm

FYI...I have been waiting on Nelson to give me feedback. Rod from Mariner is waiting on a confirm.

Judy

 -----Original Message-----
From: 	Nemec, Gerald
Sent:	Friday, October 19, 2001 3:50 PM
To:	Thorne, Judy
Subject:	Mariner Confirm

Judy,  I added the language for release by Mariner that we discussed.  I put a 3 day threshold in the language.  Please review and lets discuss.

 << File: Mariner (Wellhead)1.doc >>


El Paso Capacity Split
Affiliates of El Paso Energy, Enron, Duke Energy and Pacific Gas & Electric appear to have picked up the largest shares of the 1.2 Bcf/d of available space on El Paso Natural Gas lines to Southern California points in the latest capacity auction.
The assignments posted on the El Paso EBB from 30 companies mostly run for five or six years from the June 1, 2001 start date, with a few extending even longer. An El Paso spokesperson would not confirm the posted bids represented the final allocation, but industry sources said they did not expect the current holder of the 1.2 Bcf/d of capacity, El Paso Merchant Energy, whose contract runs out May 31, to exercise its right of first refusal. El Paso spokespersons have been promising an announcement for two days.
It appears the winning bidders were taking no chances in going for the long term, since El Paso had said its economic evaluation of the bids would include returns up to five years. Rates paid were not disclosed, but sources were assuming, given current demand for capacity, they were at or near the maximum. The bids posted totaled 1,243,072 MMBtu/d and the leaders were (all volumes in MMBtu/d): El Paso Merchant Energy with 276,932, Enron Energy Services 254,056, Duke Energy affiliates 211,697, PG&E affiliates 151,300, Texaco Natural Gas 58,407, and Dynegy affiliates 56,418.
For El Paso Merchant Energy, Enron, Duke and PG&E, the bulk of their capacity is for deliveries to PG&E at Topock. Other prospective capacity holders include MGI Supply Ltd., CEG Energy Options, Sempra Energy affiliates, Occidental Energy, Merrill Lynch Capital, Coral Energy, Mexicana del Cobre, AEP Energy Services, Allegheny Energy Supply, Williams Energy, Sacramento Municipal Utility District, Burlington Resources, Paramount Petroleum, California Steel Industries, and others.
Coming in the wake of the capacity squeeze going into California over the last year, the latest allocation was a far cry from the two previous auctions for about a third of El Paso's capacity relinquished by Pacific Gas & Electric in December 1997. Dynegy (then NGC) paid $70 million for the space for 1998 and 1999. The payment included about a 12-cent/Dth reservation charge, plus about 1.6-cent usage charge (see Daily GPI, Jan. 7, 1998 <d980107c.htm>). After that a contract with Enron for the space fell through and El Paso Merchant Energy picked up the capacity in January 2000 for 15 months for $38.5 million (see Daily GPI, Feb. 17, 2000 <d20000217e.html>).
Management of the space has been under attack by California regulators and shippers since the first contract was awarded to NGC. El Paso and high-flying California border prices currently are among the targets of several investigations on-going in California and Washington. The company recently issued a press release labeling as "demonstrably untrue" allegations that capacity was manipulated to increase prices (see Daily GPI, Feb. 26 <d20010226g.html>).


Start Date: 4/27/01; HourAhead hour: 24;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042724.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 24 / Preferred:   5.03 / Final:   5.00)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE2
  MKT_TYPE: 2
  TRANS_DATE: 4/27/01
  SC_ID: EPMI


Good Morning All,

I just received a call from Samantha; she is very ill today and will be staying home.  If you should need immediate assistance, please feel free to contact me directly.  Thank you for your attention to this matter.

Keegan Farrell
EB3875
713-345-3317


i didn't do all those shots with boone


Steve,

I really need the Oasis and PGE transport contracts assigned to HPL by July
2000.  Currently, we are buying gas in the Waha region as HPLC.  But since
our transport is under ENA, we have to enter an additional transaction where
HPL sales the gas to ENA at the point of purchase.  ENA then transports the
gas to a delivery point.  If the gas is sold to another counterparty, an
additional transaction between ENA and HPL must be entered at the delivery
point.  This causes great difficulty in balancing out the pipelines and
completing the scheduling in reasonable time.  Plus, it just doesn't make
sense to keep the transport under ENA since we transact all other deals as
HPLC.  Please let me know when we can get these contracts assigned.

Thanks for your help.

Daren
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 06/01/2000
04:22 PM ---------------------------

Daren J Farmer
04/04/2000 04:47 PM
To: Steve Van Hooser/HOU/ECT@ECT
cc:
Subject: Transport contracts

Steve,

How are things going with this request?

FYI.  The majority of deals we transact on Oasis are done as HPLC.  Only
sales to LCRA and term sales to Tufco are done as ENA.

Thanks.

Daren
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 04/04/2000
04:44 PM ---------------------------

	Enron North America Corp.

	From:  Dan J Hyvl                           03/22/2000 01:00 PM

To: Steve Van Hooser/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT
Subject: Transport contracts

Please forward this to whoever in the Pipeline group does transport,
especially Oasis, and I disagree that it should be HPL cause most of the
things off Oasis are ENA and will continue to be.
---------------------- Forwarded by Dan J Hyvl/HOU/ECT on 03/22/2000 12:56 PM
---------------------------

Daren J Farmer
03/22/2000 12:05 PM
To: Dan J Hyvl/HOU/ECT@ECT
cc:
Subject: Transport contracts

Dan,

ENA - Texas currently has tranport contracts on PGEV and Oasis pipelines
(listed below).  Since we are transacting as Houston Pipe Line for the
majority of our trades, we need these contractsto be assigned from ENA to
HPL.  Or, we need to enter into new agreements as HPL.  What is the process
used to accomlish this?  We would like to get this set up as soon as we can.

Thanks.

Daren
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 03/22/2000
12:00 PM ---------------------------
Stacey Neuweiler   03/21/2000 12:21 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Transport contracts

D-

The Oasis contract #s are:  028 27099 201
        028 27099 202
        028 27099 203
        028 27099 204

PG&E contract #s are: 5095-037
   5098-695
   9121
   5203-010

PG&E parking and lending contracts awaiting approval: PLE00004
       PLA00004


Rick asked that I prepare an agenda for our 8:00 a.m. calls.  Here is a
general agenda that will be supplemented as necessary:

1. Review of past day's events.
2. Plan for the day.
3. Identification of needed resources.
4. Conclusion/Action plan.

Given that these are daily calls, please contact me by telephone at the end
of day with specifc items to supplement the general agenda.


- dab.exe


I changed the counterparty name in Tagg

DG

From:  Lesli Campbell
    07/28/2000 02:44 PM

To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Deal # ND7827

Darron,

 Could you please make sure that this deal was really done with Dynegy Eenrgy
Resources, Limited in EOL.  We think it should have been done at Dynegy
Marketing and Trade.

Thanks

Lesli
Enron Corp Trade Credit
3/5983


-----Original Message-----
From: Gosnell, Gerri
Sent: Monday, November 26, 2001 11:20 AM
To: Quigley, Dutch
Subject: FW: Hello!

Hope this helps!
gg

-----Original Message-----
From: Shoup, Cynthia
Sent: Fri 11/23/2001 10:11 AM
To: Gosnell, Gerri
Cc:
Subject: Hello!

It's Friday, and I'm here settling Nymex.  I got a phone call from Evelyn Wednesday before Thanksgiving to come in today.  It's o.k.  I don't mind.  I get Monday off.  Just a few notes to let you know what's going on.  EDF Mann, Paribas and Carr Futures London pulled a fast one.  They set the margin at 150% more of what it would have been.  Here are the numbers incoming and outgoing.

        OUTGOING

                Smith Barney Financial                  $232,499.00
                Paribas                                 $46,026,588.00
                EDF Mann                                $760,515.00
                Carr Futures                            $12,331,010.66

        INCOMING

                ABN Amro                                $33,852.00
                Saul Stone                              $19,800.00
                HSBC                                    $291,325.00
                HSBC Canada                             No Margin Call
                R. J. Obrien                            $12,320.00
                J.P. Morgan                             $292,827.00
                Credit Suisse                           $200,261.00

Lori at Smith Barney was not in Friday, so we did not settle.

FIMAT was not in, and the numbers came out like this.  They were supposed to have paid down on the loan by $2,931,087.24.  I don't know how you handle this.  Hopefully they will do this on Monday.

I know this is a terrible welcome back, but it was something that had to be done.


Bill,

Want to make sure this is your email first.

Morgan

__________________________________________________
Do You Yahoo!?
Yahoo! Auctions - buy the things you want at great prices
http://auctions.yahoo.com/


Thanks .. i look forward to working with you all and will swing by next few days ..

rgds, Arnie

 -----Original Message-----
From: 	Allan, David
Sent:	Wednesday, October 24, 2001 9:49 AM
To:	Stifel, Arnold
Cc:	Causholli, Monika; Kanji, Ayesha; Daetz, Milagros; Bosek, Laura; Johnson, Jay; Carter, Karen E.; Determeyer, Peggy; Wales, Stacey
Subject:	RE: Forest Products S&D

Welcome to forest products!

Following are my specialists in various areas:

Pulp			Monika Causholli
Newsprint		Ayesha Kanji
Packaging		Laura Bosek
Recovered Fibers	Milagros Daetz
Lumber			Jay Johnson

Also, Stacey Wales coordinates our efforts on behalf of originators. Maria-Theresa Aguilera-Peon provides us with expertise in modelling and other statistical issues. Maria-Theresa, Monika and Ayesha report to Karen Carter, while Laura, Milagros and Jay report to Peggy Determeyer.

Let us know how we can help you.

Dave

 -----Original Message-----
From: 	Stifel, Arnold
Sent:	Wednesday, October 24, 2001 9:23 AM
To:	Allan, David
Subject:	Forest Products S&D

David, i just joined the group and will be looking at financial risk management for industry players .. maybe you could help direct me where to go/look for info in the following areas ..

- general s&ds for forest industry (pulp,recycle/recovered,news,lumber etc..)
- world trade flow, production/consumption tonnages etc..
- major products historical pricings

also, if there is any daily/weekly s&ds/info produced internally for forest products, could i get on copy ??

thx, Arnie


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/08/2001
12:10 PM ---------------------------

Shirley Crenshaw
01/08/2001 11:07 AM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Tanya
Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT,
Maureen Raymond/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo
Issler/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON, Alex
Huang/Corp/Enron@ENRON, Kevin Kindall/Corp/Enron@ENRON, Kevin G
Moore/HOU/ECT@ECT, Clayton Vernon/Corp/Enron@ENRON, William
Smith/Corp/Enron@ENRON, Jose Marquez/Corp/Enron@ENRON, Chonawee
Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Tom
Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Sevil
Yaman/Corp/Enron@Enron, Sofya Tamarchenko/NA/Enron@Enron, Bob
Lee/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT,
Anita DuPont/NA/Enron@ENRON, Youyi Feng/NA/Enron@Enron, V Charles
Weldon/HOU/ECT@ECT, Praveen Mellacheruvu/HOU/EES@EES, Li Sun/NA/Enron@Enron,
Stephen Bennett/NA/Enron@ENRON, Roman Zadorozhny/HOU/EES@EES, Lance
Cunningham/NA/Enron@ENRON, Leann Walton/NA/Enron@ENRON, Shane
Green/HOU/EES@EES, Seksan Kiatsupaibul/HOU/EES@EES, Kate Lucas/HOU/ECT@ECT,
Nelson Neale/NA/Enron@Enron, Rabi De/NA/Enron@ENRON, Kenneth
Parkhill/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON, Jason
Sokolov/HOU/ECT@ECT, Steve Bigalow/NA/Enron@Enron, Tom
Barkley/NA/Enron@Enron, Rakesh Bharati/NA/Enron@Enron
cc:
Subject: Research Directory

Oops!  Forgot the attachment!

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 01/08/2001
11:01 AM ---------------------------

Shirley Crenshaw
01/08/2001 11:05 AM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Tanya
Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT,
Maureen Raymond/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo
Issler/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON, Alex
Huang/Corp/Enron@ENRON, Kevin Kindall/Corp/Enron@ENRON, Kevin G
Moore/HOU/ECT@ECT, Clayton Vernon/Corp/Enron@ENRON, William
Smith/Corp/Enron@ENRON, Jose Marquez/Corp/Enron@ENRON, Chonawee
Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Tom
Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Sevil
Yaman/Corp/Enron@Enron, Sofya Tamarchenko/NA/Enron@Enron, Bob
Lee/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT,
Anita DuPont/NA/Enron@ENRON, Youyi Feng/NA/Enron@Enron, V Charles
Weldon/HOU/ECT@ECT, Praveen Mellacheruvu/HOU/EES@EES, Li Sun/NA/Enron@Enron,
Stephen Bennett/NA/Enron@ENRON, Roman Zadorozhny/HOU/EES@EES, Lance
Cunningham/NA/Enron@ENRON, Leann Walton/NA/Enron@ENRON, Shane
Green/HOU/EES@EES, Seksan Kiatsupaibul/HOU/EES@EES, Kate Lucas/HOU/ECT@ECT,
Nelson Neale/NA/Enron@Enron, Rabi De/NA/Enron@ENRON, Kenneth
Parkhill/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON, Jason
Sokolov/HOU/ECT@ECT, Steve Bigalow/NA/Enron@Enron, Tom
Barkley/NA/Enron@Enron, Rakesh Bharati/NA/Enron@Enron
cc:
Subject: Research Directory

Hello everyone:

Attached is an updated copy of the Research directory for your information.

If there are any changes, please let me know.

Thanks!

Shirley


Hey there,
Have I got a potential job opportunity for you.  My neighbor at work since
this business plan to me to see if knew anyone who would be interested in
joining this company and believe it or NOT, I thought of you.  Give me a call
when you go through this BP.  Keep this confidential.  How did you like those
pics from Chobs of the girls on the beach.  Have you taken them home yet and
done unspeakable things to them? See ya!
Thanks
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 05/22/2000
04:45 PM ---------------------------

Michelle Parks@ENRON
05/22/2000 04:29 PM
To: Benjamin Rogers/HOU/ECT@ECT
cc:
Subject: Re: photofete

Ben:

Here is the business summary. Jennifer iscurrently looking for a CFO, COO and
Marketing Director. If you know of anyone, let me know!

Thanks,

Michelle
---------------------- Forwarded by Michelle Parks/Corp/Enron on 05/22/2000
04:25 PM ---------------------------

PhotoJBind@aol.com on 05/22/2000 04:01:37 PM
To: Michelle.Parks@enron.com
cc:

Subject: Re: photofete

 - photofet.pdf


Find attached the EGM Management Summary and Hot List as of 2/8/01.  Please
contact me if you have any questions/comments.

Thanks,
Jeff

 -----Original Message-----
From:  Anderson, Patricia
Sent: Friday, February 09, 2001 11:55 AM
To: Smith, Jeff E.
Subject: 2/8  Mgmt Summary & Hot List

For distribution

Thanks,
Patricia (5-7434)


Just a thought - but we will still be finishing up bid week on Nov. 29.  Any
ideas about the first week in December.

Jeanie Slone
11/02/2000 03:56 PM
To: Fred Lagrasta/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Final Gas and Power Trading PRC meeting

Mark you calendars for the Gas and Power Trading PRC meetings to be held
Wed. November 29 (Commercial) and Mon. December 4(Commercial Support)  You
will receive specific information regarding times and locations soon.
If you would like additional members of your staff to attend the meeting to
provide feedback, please submit their names to me by November 10.
A formal Gas pre-ranking meeting is not scheduled.  However, if you are
interested in conducting a pre-PRC meeting, please contact me by November 10.

Best regards,
Jeanie
X5-3847


16

Becky Young@ENRON
04/18/2001 09:28 AM
To: Nelson Ferries/Corp/Enron@ENRON, John Craig Taylor/HOU/ECT@ECT, Keith
Holst/HOU/ECT@ect, Hunter S Shively/HOU/ECT@ECT, Frank W
Vickers/NA/Enron@Enron, Jeffrey C Gossett/HOU/ECT@ECT, John J
Lavorato/Enron@EnronXGate, Barry Tycholiz/NA/Enron@ENRON, Mike
Maggi/Corp/Enron@Enron, George N Gilbert/HOU/ECT@ECT, John
Griffith/Corp/Enron@Enron, Charles H Otto/HOU/ECT@ECT, Mark
Smith/Corp/Enron@Enron, Jason R Williams/Enron@EnronXGate, Scott
Neal/HOU/ECT@ECT, Ross Prevatt/HOU/NewPower@NEWPOWER@EES
cc:
Subject: Whispering Pines Golf Outing

Please e-mail me your handicap for the outing on April 28.

Thanks,
Becky


Thought you would find this guy's FX write-up interesting today...

From: Michael F McGuinness on 06/20/2002 10:09 AM

Simple thoughts.....

US assets get sold... (mostly equities).... and then the USD is sold.....

It's not the other way around.

The world is losing confidence.  Everyday we get more terrorist activity around

the world. (sorry Reuters.... it's terrorism....)

 Uncertainty is higher...... Risk is higher...... People around the world want

their money close to home. So off they go to sell their investments here in the

States, sell the USD and buy their home currency.

US April trade deficit came in at $35.94 bln..... a record. Here's the part

that's amazing..... the trade imbalance in goods.... US deficit in goods

only.... $39.92 bln..... $40 bln goods imbalance in just one month....

And where are we importing from.....

China.... $7.55 bln and this is a natural phenomena since about any product

sold these days under $100 in the US these days is made in China......

compliments from Mark....  China has a competitive advantage, and trade rules

will dictate that goods will originate from China until the cost structure

adjusts...... say in 25 years......

Western Europe...... $7.244 bln..... yeah the standard of living in Europe must

be the same as China....... with higher short term rates in Europe..... growth

in many industries in Europe is from the US. How can anybody in Brussels think

that a trade surplus with the US almost equal to China's (and one that is

larger than Japan's...) is a proper economic condition.......   As I said on

Tuesday.... I believe that the purchasing power parity level for the EUR is up

over $1.0800. (this is based on some long term thoughts.... that the old DEM

for PPP was 1.80 against the USD....)

The EUR is undervalued by 12.5%. That's why I think it's funny that European

politicians and the press feel that the EUR is strong up here the .9500 - .9600

area.

If a few people in the Bush administration start thinking that the US trade

picture needs to change...... you may have heard the last utterance of anyone

saying they want a strong USD.......

The US current account deficit in Q1 2002 was $112.5 bln....  So the US has to

attract $37.50 bln per month to keep this in balance......   to do so either

asset prices need to go lower or the USD has to go lower......  both is

happening.....

Well, the US trade deficit is getting closer to 4.5%  of GDP.  Just the

deficit.... and just extrapolate that for the CA deficit.......

So the EUR just popped up over .9600 and a boatload of stops were just done

into the .9625-30.  And now will have settled in at .9610. There are no

retracements in the EUR, just quiet periods of consolidation.

Until we get a screaming need to own US equities..... there appears to be no

need to own USD, and no retracement of the EUR.

Japan's trade surplus with the US..... $6.8 bln.  The game continues.....

USD/YEN 123.50 and no Bank of Japan...... I think, it would not be in the best

interest for the Japanese to be seen intervening right after this monster of a

trade deficit.

Japan overnight announced that their May trade surplus rose 715% y/y.......

Anything that climbs over 700 % is not normal...... most of Japan's trade

surplus with the rest of Asia rose 626%......

But every month,  Japanese authorities will need to vacuum up about $7 bln USD

just to keep the YEN stable against the USD,  as the current imbalance in trade

creates pressures for a firmer YEN.......  Who knows, maybe  a few voices in

Asia could clamor....  that the YEN is too weak.....

Bank of Japan foreign reserves in USD is over $400 bln these days and climbing,

(I think $406 bln in April and $419 bln in May)........ Maybe Japan will

someday dollarize........

Canada's trade surplus with the world is up 11.0% to $5.2 bln. Automotive

exports... the key.  The CAD trade surplus with the US was $8.2 bln and a

deficit with the rest of the world at $3.0 bln. (The US commerce department has

the CAD surplus at $4.1 bln....)

SGD at 1.7775.... firmest level since last October. It's moving on it's own, no

sympathy move with the YEN.... so either the YEN has to play catch-up or the

YEN is going to weaken against the rest of Asia....

Thai baht is also firm at 42.00 against the USD.  Korean won still at 1210.

Asia definitely looks better with the US trade deficit.

Venezuelan bolivar a record low at 1305 to the USD, since May 1 the VEB has

devalued 52%.   Not much more to say.....

Everyone have a great day....... the above thoughts are for your reading

pleasure. Any questions call me. All the best.

This publication is for information only and the comments and forecasts are

intended to be of a general nature as of the date of issue. The above

commentary is not to be construed as an offer to buy or sell investments.

American Express Bank Ltd., whilst considering the contents to be reliable,

takes no responsibility for any individual investment decisions based thereon.


Everyone in the following gorups, now have access to the West Desk Support
Web Site at http://westdesksupport. The UserName is the same as your NT / W2K
Login UserName. And the password is the same as the username. Please use this
site to log problems with CAPS, Excel, Enpower / FSP, network problems, or
anything else that IT Needs to get involved in. Those of you that have logged
in under the old username / Password system have also been changed to the new
system.

The Groups are:

Real Time
Pre Sched
Volume Management
Risk
Middle Marketing
Power Traders

Thank you for your time.

Michael Tully
Application Support


Hello.

The commercial team  has asked that I forward this document to you for
review.  It is a development agreement for a project in Florida.  We have
attempted to address the accounting/E-Next issues, but please advise of any
desired changes.

Thank you,

Kay

PS  Pardon the formatting.  It will be cleaned up by those with the ability
to do so.


---------------------- Forwarded by Nicholas O'Day/AP/Enron on 10/17/2000
08:06 AM ---------------------------

Nicholas O'Day
10/17/2000 08:01 AM
To: Tori L Wells/HOU/ECT@ECT
cc: Steven J Kean/HOU/EES@EES, Rosalee Fleming/Corp/Enron@ENRON

Subject: Office Opening

Tori,
I understand that Rosalee is out of the office. In her absence, I thought you
should be aware of the following.

PM Mori has confirmed that he is available to meet with Mr Lay on 1 November.
However, he has advised that he will be unable to attend the office opening.
Parliament is in session at the moment and budget debate has been delayed as
a result of extended debate on the amendment to the electoral rules. The PM
has advised that he will be in budget deliberations on the 31st.

The PM has proposed that he be represented at the office opening by his #2 -
Hidenao Nakagawa  -  Minister of State and Chief Cabinet Secretary. Nakagawa,
as Minister of State, is Japan's official spokesperson and will open the
office in the name of the PM.

Nakagawa is generally regarded as being responsible for the PM's policy
direction and plays a vital role in supporting PM Mori's fragile leadership.
Significantly, Nakagawa is currently responsible for the government's
Information Technology (IT) policies, the Government's most important
initiative at present. He is vice-chair of the Government's IT Strategy
Conference and  formerly held the post of Vice Minister of MITI.

In my view, this is not a bad outcome. In some respects we get the best of
both worlds. The office is opened in the name of the PM and we have the
attendance of the man who is likely to be more highly regarded among those
who will attend the office opening.

I will send separately to Tori Wells, with a copy to you, the draft meeting
schedule.

kind regards


FYI, See Below

Eric Gillaspie
713-345-7667
Enron Building 3886
----- Forwarded by Eric Gillaspie/HOU/ECT on 08/08/2000 02:43 PM -----

	Veronica Espinoza@ENRON
	08/08/2000 02:32 PM

		 To: Eric Gillaspie/HOU/ECT@ECT
		 cc: Brad Schneider/Corp/Enron@Enron
		 Subject: Re: Entex assignment of contracts

As a matter of fact, we received a fax copy of the gty in favor of Resources
Corp.  Now  all of the credit issues are taken care of and we can proceed
with the legal assignment issues.  Also, we have already communicated to the
EOL team to have their status changed to reflect the assignment/new entity.

Give me a call if I could be of any further help.

VE

Eric Gillaspie@ECT
08/08/2000 02:19 PM
To: Veronica Espinoza/Corp/Enron@ENRON
cc:

Subject: Entex assignment of contracts

Veronica,

I believe I spoke with you a few weeks ago about a credit check for the
assignment of a gas transportation contract from Entex Gas Marketing Company
to Entex Gas Resources Corp.  Could I have an update on the situation?

Thanks,

Eric Gillaspie
713-345-7667
Enron Building 3886
----- Forwarded by Eric Gillaspie/HOU/ECT on 08/08/2000 02:16 PM -----

	Brant Reves
	07/19/2000 08:12 AM

		 To: Veronica Espinoza/Corp/Enron@ENRON, Russell Diamond/HOU/ECT@ECT, Brad
Schneider/Corp/Enron@Enron
		 cc: Eric Gillaspie/HOU/ECT@ECT
		 Subject: Entex assignment of contracts

Russell,

Please follow up on this and pursue a guaranty amendment if neccesary.

Thanks
brant

---------------------- Forwarded by Brant Reves/HOU/ECT on 07/19/2000 08:08
AM ---------------------------

Eric Gillaspie
07/12/2000 04:19 PM
To: Brant Reves/HOU/ECT@ECT
cc:
Subject: Entex assignment of contracts

Mr. Reves,

I have not received a response in regards to the assignment of the Entex
contracts (as discussed below) from a credit standpoint.  We would like to
make the assignment as soon as possible so long as credit does not have an
issue with the new Entex entity.

Thanks,

Eric Gillaspie
713-345-7667
Enron Building 3886
----- Forwarded by Eric Gillaspie/HOU/ECT on 07/12/2000 03:54 PM -----

	Eric Gillaspie
	06/27/2000 04:49 PM

		 To: Brant Reves/HOU/ECT
		 cc: Gerald Nemec/HOU/ECT@ECT, Jackie Morgan/HOU/ECT@ECT
		 Subject: Entex assignment of contracts

Mr. Reeves,

Entex Gas Marketing intends to assign certain interruptible gas
transportation agreements to a new company of theirs which is:

 Entex Gas Resources Corp.  (it is a TX Corp.)
 P.O. Box 200905
 Houston, TX 77216

Would you please run a credit check on this new entity.

Thanks,

Eric Gillaspie
713-345-7667
Enron Building 3886


First, Kay, you are appointed to set an amount we can spend each
week.  I CANNOT SAY NO, and probably Neil is not much better.  The past two
weeks, I have called back to the museum and had them send me two of the more
expensive things $20+ to save for his birthday.  Yesterday, he wanted to
know how much money we had.  I told him $10.00.  His solution:  "Let's put
your $10 with Mom's money and Dad's money, and then we can buy the..."  His
friends in the gift shop are no help as they point out how educational all
this stuff is.  Anyway, it's your money so you should set the limit.  For
his birthday, I bought him the big I Dig for Dinosaur kit and also a
paleontology outfit--vest, pants, shirt.  He had a fit over it.  I now have
to find one of the straw hats he loved, but that went with another outfit.

Also, I cannot describe his "change" except as an explosion.
Formerly, he would run from dinosaur skeleton to skeleton over and over and
not spend much time at each.  Now, he studies each fossil, and he can tell
you the name of every fossil, every everything.  You would be amazed.  He
knows the name of everything there, and if he doesn't know, he gets me to
read about it.  I could not remember all that stuff if my life depended on
it.  He studies the small things--not just the huge skeletons.

Anyway, let me know.  You are going to die when you see him in the
paleontology outfit.  He thought it was about the coolest thing he's ever
seen.
++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


There is obviously a distinction between their situation and ours.  I just
don't know what it is yet.  DF

	From:  Dari Dornan                           01/10/2000 08:33 AM

To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Weekly FERC Gas Regulatory Report

Drew - notice the CNG filing of a non conforming service agreement because
the agreement requires the shipper to utilize CNG for its full requirements.
Northern has determined that such a clause falls under the discount provision
of "to specified quantities".    Dari
---------------------- Forwarded by Dari Dornan/ET&S/Enron on 01/10/2000
08:19 AM ---------------------------

Shelley Corman
01/07/2000 06:05 PM
To: Tim Aron/ET&S/Enron@ENRON, John Ballentine/FGT/Enron@ENRON, Martha
Benner/ET&S/Enron@ENRON, Eric Benson/ET&S/Enron@ENRON, Donna
Bily/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn Blair/ET&S/Enron@ENRON, Rob
Bradley/Corp/Enron@ENRON, Bob Chandler/ET&S/Enron@ENRON, Bill
Cordes/ET&S/Enron@ENRON, Shelley Corman/ET&S/Enron@ENRON, Larry
DeRoin/NPNG/Enron@ENRON, Rick Dietz/ET&S/Enron@ENRON, Dari
Dornan/ET&S/Enron@ENRON, John Dushinske/ET&S/Enron@ENRON, George
Fastuca/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Donna
Fulton/Corp/Enron@ENRON, John Goodpasture/OTS/Enron@ENRON, Bob M
Hall/FGT/Enron@ENRON, Mary Lou Hamilton/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Robert
Hayes/FGT/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Bambi
Heckerman/NPNG/Enron@ENRON, Theresa Hess/ET&S/Enron, Robert
Hill/NPNG/Enron@ENRON, Tamara Hopkins/ET&S/Enron@ENRON, Stanley
Horton/Corp/Enron@Enron, Lee Huber/ET&S/Enron@ENRON, Martha
Janousek/ET&S/Enron@ENRON, Steven January/ET&S/Enron@ENRON, Anne
Jolibois/FGT/Enron@ENRON, Steven J Kean/HOU/EES@EES, Jeffrey
Keeler/Corp/Enron@ENRON, Robert Kilmer/FGT/Enron@ENRON, Frazier
King/FGT/Enron@ENRON, Steve Kirk/ET&S/Enron@ENRON, Tim
Kissner/ET&S/Enron@ENRON, Laura Lantefield/ET&S/Enron@ENRON, Blair
Lichtenwalter/FGT/Enron@ENRON, Teb Lokey/FGT/Enron@ENRON, Maryann
Long/HR/Corp/Enron@ENRON, Phil Lowry/OTS/Enron@ENRON, Donna
Martens/ET&S/Enron@ENRON, Dorothy McCoppin/FGT/Enron@ENRON, Mike
McGowan/ET&S/Enron@ENRON, Rockford Meyer/FGT/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Stephanie Miller/ET&S/Enron@ENRON, Michael
Moran/ET&S/Enron@ENRON, Sheila Nacey/ET&S/Enron@ENRON, Ray
Neppl/NPNG/Enron@ENRON, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Zelda
Paschal/FGT/Enron@ENRON, Geneva Patterson/NPNG/Enron@ENRON, Maria
Pavlou/ET&S/Enron@ENRON, Eileen Peebles/ET&S/Enron@ENRON, Keith
Petersen/ET&S/Enron@ENRON, Peggy Phillips/FGT/Enron@ENRON, Janet
Place/NPNG/Enron@ENRON, Colleen Raker/ET&S/Enron@ENRON, Kathy
Ringblom/ET&S/Enron@ENRON, Cynthia Sandherr/Corp/Enron@ENRON, James
Saunders/FGT/Enron@ENRON, Dave Schafer/ET&S/Enron@ENRON, Donna
Scott/FGT/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Michael
Smith/Enron@Gateway, Louis Soldano/ET&S/Enron@ENRON, Staci
Holtzman/FGT/Enron@ENRON, Lon Stanton/ET&S/Enron@Enron, James
Studebaker/FGT/Enron@ENRON, Jim Talcott/ET&S/Enron@ENRON, Gina
Taylor/OTS/Enron@ENRON, Debbie Thompson/FGT/Enron@ENRON, Melinda
Tosoni/ET&S/Enron@ENRON, Michael Van Norden/Corp/Enron@ENRON, Stephen
Veatch/FGT/Enron@ENRON, Donald Vignaroli/ET&S/Enron@ENRON, Kimberly
Watson/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Jane
Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michele
Winckowski/ET&S/Enron@ENRON
cc: Janet Butler/ET&S/Enron@ENRON

Subject: Weekly FERC Gas Regulatory Report


Yes sure.  I won't be here on Monday and possibly Tuesday so how does Wednesday sound to you? If it's ok let's plan on it.

Monika

 -----Original Message-----
From: 	Aguilera-Peon, Maria Teresa
Sent:	Friday, October 05, 2001 10:40 AM
To:	Causholli, Monika
Subject:	lunch

 Hey Monika,

 Do you want to have lunch sometime?


FYI
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 12/12/2000 03:16 PM -----

	Russell Diamond
	12/11/2000 04:46 PM

		 To: Jeffrey T Hodge/HOU/ECT@ECT
		 cc: William S Bradford/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT
		 Subject: West Exposure

Jeff, Bill,

Per your request, attached is a spreadsheet which details counterparty
exposure in the West region.  The spreadsheet contains several tabs which
detail each the Physical MTM and Financial MTM exposure.  Please be sure you
are looking at the correct spreadsheets.  Also, these exposure amounts do not
reflect the overall exposure with each counterparty, just the exposure for
the West region.

Thanks
Russell


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---------------------- Forwarded by Kay Mann/Corp/Enron on 01/05/2001 10:55
AM ---------------------------

"George Kutzschbach" <gkutzschbach@fulbright.com> on 01/05/2001 10:46:52 AM
To: Kay.Mann@enron.com, CCampbell@KSLAW.com
cc: DPedigo@INTERGEN.com, jjones@INTERGEN.com, SNoonan@INTERGEN.com

Subject: ABB Facility Agreement

Kay and Carolyn:

The proposed draft of the ABB Facility Agreement should be revised in
the following respects:

1.   The date of the Agreement on page one and the "Effective Date"
should be the date the Agreement is executed.

2.   Section 6.1.2 should be revised to read as follows:

Seventy-eight thousand six hundred dollars ($78,600) constitutes the
full and final payment for the Unit, except that Purchaser shall be
responsible for the payment of any and all amounts associated with any
Change Order approved after the Effective Date.  The final payment of
the Purchase Amount is subject to Section 6.1.3.

3.   The third and fourth sentences of Section 17.4.1 should be
amended to read as follows:

If the Maximum Liability Amount (less any unpaid portion of the
Purchase Amount) is greater than the Proper Scope Value, the difference
between such amount and the Proper Scope Value (the "Refund Amount")
shall be due to Purchaser by Seller.  If the Maximum Liability Amount
(less any unpaid portion of the Purchase Amount) is less than the Proper
Scope Value, the difference between such amount and the Proper Scope
Value shall be referred to as the "Scope Value Due."

InterGen is continuing to review the ABB Facility Agreement internally
and may have further revisions.

George


A brief follow-up note about Mitsubishi and the terms of our contract w/
First Gas --  We should all be mindful of the confidentiality provisions in
this contract (see Article 15).
Regards,
Janice

EB3861
Assistant General Counsel, Enron North America Corp.
713-853-1794 (Fax:  713-646-4842)

	Britt Davis@ENRON
	08/10/2000 04:28 PM

		 To: Matthias Lee/SIN/ECT@ECT
		 cc: Janice R Moore/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Michael A
Robison/HOU/ECT@ECT, Deborah Shahmoradi/NA/Enron@Enron, Brenda
McAfee/Corp/Enron@ENRON
		 Subject: Re: D3605/In re M/V PACIFIC VIRGO

PRIVILEGED AND CONFIDENTIAL: ATTORNEY-CLIENT COMMUNICATION, ATTORNEY WORK
PRODUCT

Matt,

1. I'm on the same page as Janice with regard to testing, although I'd like
to spin out my thoughts a bit.  In my view, at the end of the day, it is
virtually inevitable that both D3605 with ashing and D3605 without ashing are
going to be used on the critical loadport sample (and, therefore, for the
rest of the samples as well ) at the joint analysis.

 Mitsubishi's strategy at the joint analysis will be to get the remaining
loadport sample to come up off-spec on retesting, for obvious reasons.

 Prior to the joint analysis, Mitsubishi will be aware that (a) D3605 without
ashing is in the FGH contract and that (b) ECT believes D3605 without ashing
may have a reproducibility issue with this type of product.  Given this, if
ECT proposes to use only D3605 with ashing (our safest bet) on the loadport
sample at the joint analysis, Mitsubishi will smell a rat and insist on D3605
without ashing.   The same would apply, I think, if even if ECT proposed to
use only D3605 without ashing as its sole test at the joint analysis.  The
more different kinds of tests Mitsubishi can forcefully argue should be run,
the more likely it is that one of them will show the loadport sample is
off-spec.  Mitsubishi's goal will be supported by the general practice of the
chemists involved, who will want to rerun every test previously run in order
to get to the bottom of this.

 My sense is that it would be very difficult under the circumstances for ECT
to credibly take the position that only one test or the other (D3605 with
ashing or D3605 without ashing) should be run; in fact, in light of what I
believe is virtually inevitable (Mitsubishi insisting on whatever test we
don't propose), and in order to keep from appearing to be overly concerned
about the reproducibility problem, my feeling is that we may want to go ahead
and propose both tests to Mitsubishi (assuming that it is expected that we
would initially propose the proper tests to Mitsubishi, and not the other way
around).

2. Can you let us know exactly who will be doing the hands-on testing of this
product in Singapore?  I know that we nominated SGS Singapore, but does this
necessarily mean that someone from SGS will be doing the actual work, as
opposed to us just using SGS's lab?  As Janice pointed out, we need to make
absolutely sure that (a) the lab is first-class and (b) whoever performs the
test this time is very experienced with D3605 with and without ashing.  Also,
it is my thought that we do not want anyone from SGS there who is aware of
the pre-sale analysis that SGS did of the Elang Crude cargo.  This latter
point, especially, needs to be handled with great care; if there is a need to
communicate with SGS about any of this, I would suggest that you first confer
with David or Neal.

Many thanks for your help.

      Britt

 Again, many thanks for your help.

      Britt

----- Forwarded by Britt Davis/Corp/Enron on 08/10/2000 03:18 PM -----

	Janice R Moore@ECT
	08/10/2000 10:52 AM

		 To: Britt Davis/Corp/Enron@ENRON
		 cc: Alan Aronowitz/HOU/ECT@ECT, Deborah Shahmoradi/NA/Enron@Enron, Harry M
Collins/HOU/ECT@ECT, Matthias Lee/SIN/ECT@ECT, Michael A Robison/HOU/ECT@ECT,
Richard B Sanders/HOU/ECT@ECT
		 Subject: Re: D3605/In re M/V PACIFIC VIRGO

PRIVILEGED AND CONFIDENTIAL:  ATTORNEY-CLIENT COMMUNICATION, ATTORNEY WORK
PRODUCT
Matt:
I agree w/ Britt that we need to know more about what testing has been done,
but I would think that the joint test should be conducted using the same
method used at loadport (regardless of whether ashing is proper or not).  Not
for the reason you mention (Mitsubishi may well argue about "proper"
rejection, but that's not likely a viable argument, since the fact is that
First Gas rejected the cargo and the dirt spec alone was sufficient grounds
for that rejection), but for the sake of consistency.  It doesn't matter at
all to First Gas what test methods were used or will be used on this cargo --
it's no longer any of their concern.  It's Enron's risk and sole
responsibility to deal w/ costs following rejection -- per the contract.  I
hope that we are not informing First Gas about anything that has happened or
will happen on this cargo (I noticed a note from Jon Russell inquiring about
the cargo -- I trust that we have politely refused to tell them anything).
Regards,
Janice

EB3861
Assistant General Counsel, Enron North America Corp.
713-853-1794 (Fax:  713-646-4842)

	Britt Davis@ENRON
	08/08/2000 09:30 AM

		 To: Matthias Lee/SIN/ECT@ECT
		 cc: Janice R Moore/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Michael A
Robison/HOU/ECT@ECT, Deborah Shahmoradi/NA/Enron@Enron
		 Subject: Re: D3605/In re M/V PACIFIC VIRGO

PRIVILEGED AND CONFIDENTIAL:  ATTORNEY-CLIENT COMMUNICATION, ATTORNEY WORK
PRODUCT

Matt,

Thanks for the heads-up on this issue.  I will confer with Janice and one of
us will get back to you.

Meanwhile, I think I may need further clarification about  what testing
methods were used by SGS at loadport and at discharge in Thailand and the
Phillipines.  My key area of concern is whether (as now appears unlikely from
your e-mail) SGS tested using both ASTM D3605 without ashing and ASTM D3605
with ashing at all the relevant points, and whether the test results were
consistent; e.g., whether the product was on-spec for both methods
immediately before loading, but off-spec for both methods at discharge in
Thailand and the Phillipines.  May I impose on you to provide one summary
chronology of the analysis done at loadport and both discharge ports, with
particular emphasis on (a) whether both testing methods (ASTM D3605 without
ashing and with ashing) were used, and the results, and (b) the results for
filterable dirt? (You have just sent something like this for the Thailand
cargo only, which I found very helpful).   Also, if SGS or anyone else has
made comment about the reliability or unreliability of the filterable dirt
analysis (or any other aspect of the testing done by SGS of this cargo),
please let me know about that as well.

I appreciate your good help.

    Britt

	Matthias Lee@ECT
	08/08/2000 06:39 AM

		 To: Janice R Moore/HOU/ECT@ECT, Britt Davis/Corp/Enron@ENRON
		 cc: Alan Aronowitz/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, Angeline
Poon/SIN/ECT@ECT
		 Subject: D3605

Dear Janice / Britt

I know that Janice has kindly agreed to return to the team to advise and
coordinate with Mike Brown's team and myself in regard to the D3605 issue,
whilst I am to look to Britt's guidance for the contamination on the Elang
cargo. My apologies therefore for mixing the issues for the puposes of this
e-mail.

The joint testing of samples of the Elang cargo is planned to take place end
next week. The joint testing would include metals as well as filterable dirt,
so we would need to decide, in quite short order, on the test method we want
to propose for metals for relevant parties to agree.

Although we believe the contamination would be dramatically demonstrated by
the level of filterable dirt, the metals clearly would also be an important
factor. As you may be aware, the loadport sample results which we are
presently relying on to say that the cargo was on spec when loaded, was
tested with "ashing" for metals. We would not be able to say whether another
loadport sample would test on spec for metals using straight D3605. If it
doesn't test on spec at the joint testing using straight D3605, the vessel
owners would surely argue that the cargo would have been rejected by First
Gas anyway, independent of the filterable dirt. Although such as argument may
not defeat our case entirely, it is very likely to impact on the quantum we
would be able to recover.

It seems that the preferred test method for metals at the joint testing would
therefore be "ashing" to avoid conflict with existing loadport sample
results. We still have SGS's support for that, but we need to convince Minton
Treharne who acts for the cargo underwriters as well as the Owners/P&I Club.
Still, just in case details of our dispute with Mitsubishi become known to
Firts Gas, we may wish to avoid proposing a test method for joint testing
that would be inconsistent with the one we ultimately present to First Gas,
which for obvious long term objectives ought to be the CORRECT test method
acceptable to parties whether D3605 or "ashing" or some other method. That
said, I think if we are able to go with "ashing" for the joint testing, it is
not likely to jeopardize our position with First Gas.

I note Janice's preference for US experts over European experts for the D3605
issue. Have we been able to get any US experts' view on the right test to use
(whether D3605 or "ashing")? Has Enron formed a view on the "correct" test
method? If we have been able to source a "friendly" US expert, we may want to
have his input for the contamination issue.

Your views and guidance would be most appreciated.

Thanks and regards
Matt

I also note Janice's preference to source for US experts to assist us on the
D3605 issue over European experts and was wondering whether we have been able
to for


Tana/Kelly/Karen:

The product long descriptions below will fall under three new product types:
   US HeatingOil2 Fin Opt
   US HeatingOil2 Fin Opt Call
 US HeatingOil2 Fin Opt Put

Credit (Tom Moran) has approved copying the profiles for the new product type
from the following:

 US HeatingOil2 Fin Swap

Please respond no later than 10 a.m. on Wednesday, April 25.

Thank you.

 -----Original Message-----
From:  Moran, Tom
Sent: Tuesday, April 24, 2001 3:04 PM
To: Sever, Stephanie
Subject: FW: Product Type approval for 3 product types (Heating Oil Fin
Options)

 -----Original Message-----
From:  Moran, Tom
Sent: Monday, April 23, 2001 1:11 PM
To: Lees, Lisa
Cc: Guidroz, Walter
Subject: FW: Product Type approval for 3 product types (Heating Oil Fin
Options)

Lisa,

Please copy the existing counterparty profiles from: &US HeatingOil2 Fin
Swap8 and use it for these three new products:

US HtOil Fin Opt Nymex HO   AP
US HeatOil2 Opt Nymex HO   EP
US HeatOil2 Opt Nymex HO   EC

Regards,
tm

 -----Original Message-----
From:  Walker, Chris
Sent: Monday, April 23, 2001 11:12 AM
To: Blumenthal, Jeff; Musch, Susan; Hagelmann, Bjorn; Moran, Tom; Swinney,
John; Taylor, Mark
Cc: Lees, Lisa; Sever, Stephanie; Jones, Tana; Lambert, Karen; Lombardi,
Kelly; Sweitzer, Tara; Kenne, Dawn C.; Moorer, Torrey; Meredith, Kevin;
Lozano, Melba; Hunter, Larry Joe; Cass, Robert B.
Subject: Product Type approval for 3 product types (Heating Oil Fin Options)

Your approval is needed for the following 3 product types in Datamanager:

US HeatingOil2 Fin Opt
US HeatingOil2 Fin Opt Call
US HeatingOil2 Fin Opt Put

Please do not approve between the hours of 6 am and 11 am.

US HtOil Fin Opt Nymex HO   AP 85.00           Dec01          c/GL-L

A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction. The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure. The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable.  Where this
Transaction is a Call Option, the Cash Settlement Amount shall be the greater
of (i) zero, or (ii) the product of (a) the Notional Quantity per
Determination Period, multiplied by (b) the Index minus the Strike Price.
Where this Transaction is a Put Option, the Cash Settlement Amount shall be
the greater of (i) zero, or (ii) the product of (a) the Notional Quantity per
Determination Period, multiplied by (b) the Strike Price minus the Index.
The term of the Transaction shall be from the Effective Date of 01 Dec 2001
to the Termination Date of 31 Dec 2001.
The Exercise Period(s) shall be the last Trading Day of the NYMEX Heating Oil
Contract during the applicable Determination Period. The Index for a
Determination Period shall be the simple arithmetic average of the daily
settlement prices of the prompt month NYMEX Heating Oil Futures Contract for
each Trading Day during such Determination Period.
The price is quoted in cents (US) per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the volume is shown shall be 42,000 gallons
per month.
The Option style and type shall be an Asian Put/Call. Automatic Exercise is
Applicable.
The Strike Price for the Transaction shall be as set forth on the Website.

US HeatOil2 Opt Nymex HO   EP 85.00           Dec01          c/GL-L

A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction. The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure. The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Strike Price minus the Index
The term of the Transaction shall be from the Effective Date of 01 Dec  2001
to the Termination Date of 31 Dec 2001.
The Exercise Period(s) shall be the last Trading Day of the NYMEX Heating Oil
Options Contract for the applicable Determination Period. The Index for a
Determination Period shall be the settlement price for the NYMEX Heating Oil
Futures Contract for the applicable Determination Period on the expiration
day of the NYMEX Heating Oil Options Contract for such Determination Period.
The price is quoted in cents (US) per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the volume is shown shall be 42,000 gallons
per month.
The Option style and type shall be a European Put ("EP"). Automatic Exercise
is Applicable.
The Strike Price for the Transaction shall be as set forth on the Website.

US HeatOil2 Opt Nymex HO   EC 85.00           Dec01          c/GL-L

A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction. The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure. The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Index minus the Strike Price.
The term of the Transaction shall be from the Effective Date of 01 Dec  2001
to the Termination Date of 31 Dec 2001.
The Exercise Period(s) shall be the last Trading Day of the NYMEX Heating Oil
Options Contract for the applicable Determination Period. The Index for a
Determination Period shall be the settlement price for the NYMEX Heating Oil
Futures Contract for the applicable Determination Period on the expiration
day of the NYMEX Heating Oil Options Contract for such Determination Period.
The price is quoted in cents (US) per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the volume is shown shall be 42,000 gallons
per month.
The Option style and type shall be a European Call ("EC"). Automatic Exercise
is Applicable.
The Strike Price for the Transaction shall be as set forth on the Website.

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE:  Right mouse click on "Approved"


Congrats!

Brian
---------------------- Forwarded by Brian Redmond/HOU/ECT on 01/17/2000 06:37
PM ---------------------------

	Enron North America Corp.

	From:  Rick Causey @ ENRON                           01/17/2000 06:04 PM

Sent by: Enron Announcements@ENRON
To: All Enron Worldwide
cc:
Subject: Global Risk Management Operations

Recognizing Enron,s increasing worldwide presence in the wholesale energy
business and the need to insure outstanding internal controls for all of our
risk management activities, regardless of location, a global risk management
operations function has been created under the direction of Sally W. Beck,
Vice President.  In this role, Sally will report to Rick Causey, Executive
Vice President and Chief Accounting Officer.

Sally,s responsibilities with regard to Global Risk Management Operations
will mirror those of other recently created Enron global functions.  In this
role, Sally will work closely with all Enron geographic regions and wholesale
companies to insure that each entity receives individualized regional support
while also focusing on the following global responsibilities:

1. Enhance communication among risk management operations professionals.
2. Assure the proliferation of best operational practices around the globe.
3. Facilitate the allocation of human resources.
4. Provide training for risk management operations personnel.
5. Coordinate user requirements for shared operational systems.
6. Oversee the creation of a global internal control audit plan for risk
management activities.
7. Establish procedures for opening new risk management operations offices
and create key benchmarks for measuring on-going risk controls.

Each regional operations team will continue its direct reporting relationship
within its business unit, and will collaborate with Sally in the delivery of
these critical items. The Houston-based risk management operations team under
Sue Frusco,s leadership, which currently supports risk management activities
for South America and Australia, will also report directly to Sally.

Sally retains her role as Vice President of  Energy Operations for Enron
North America, reporting to the ENA Office of the Chairman.  She has been in
her current role over Energy Operations since 1997, where she manages risk
consolidation and reporting, risk management administration, physical product
delivery, confirmations and cash management for ENA,s physical commodity
trading, energy derivatives trading and financial products trading.

Sally has been with Enron since 1992, when she joined the company as a
manager in Global Credit.  Prior to joining Enron,  Sally had four years
experience as a commercial banker and spent seven years as a registered
securities principal with a regional investment banking firm.  She also owned
and managed a retail business for several years.

Please join me in supporting Sally in this additional coordination role for
global risk management operations.


Whom would you recommend play this role for Energy Operations?  Let me know
your thoughts.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 12/27/99 02:29 PM
---------------------------

Cynthia Morrow@ENRON
12/08/99 10:27 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Need for Business Owner on SAP/Unify Interface

Sally,

Project Apollo has asked me to come up with a functional person from the
business unit who will be responsible for sign off on the SAP/Unify
interfaces.   My feeling is that there should be at least one person from the
Settlements area and one person from Georgeanne Hodges' accounting group
involved in the signoff.

To date we have been working very closely with Melissa White and Regan Smith
from the technical side.  Additionally, there have been design workshops
which have been attended by Lisa  Csikos and Evelyn Aucoin.

Who would you like to be involved in this process??

If you could please let me know or let me know if you would like to sit down
and talk about it.

Cindy


Please match deal 204176 (CES sale Mar-May) with deal 209005 (what do you
think, CES buy Mar-May).


(See attached file: tmyunb.txt)

 - tmyunb.txt


Jonathan's response and my draft response for comment.  Notice he doesn't even mention the fact he included posting!!!

Jonathan,

As stated in my previous message.  The letter and your email confirm that Enron and eSpeed are not close to any agreement.  The time required to further pursue this negotiation clearly outweighs any upside potential for Enron.

Regards

Louise Kitchen
COO
Enron Americas

cc:  	Fred Varacchi, eSpeed
     	Tom McKeever, Enron Metals
      	Justin Boyd, Enron Legal - Europe
     	Travis McCullough, Enron Legal - Americas
      	Andy Zipper - EnronOnline
      	Greg Whalley - Enron Wholesale
      	David Tregar - Enron Metals

	Enron Capital & Trade Resources Corp.  From:  "Uman, Jonathan" <JUman@cantor.com>                           03/14/2001 11:39 AM

To:	"'Louise.Kitchen@enron.com'" <Louise.Kitchen@enron.com>
cc:

Subject:	RE: eMetra

Louise,

Please allow me to clarify a few points before you discount our proposal out
of hand.

In your proposal dated Feb 9, you proposed a transaction which equated to
$10 million in value for Enron.  I have proposed $10 million of value
delivered as $2.5 million in upfront cash, $5 million in "floor-value cash"
structured through a free option to Enron locking the floor value of the
stock at $5 million and $2.5 million in eSpeed class A common stock.  The
$7.5 million of cash would be invested as you described in 3 vertical
markets.  As I stated to you over the past month, the remaining $2.5 million
in stock would be subject to a 1 yr lock up.

The only part of the side letter agreement we did not discuss was the
commitment by Enron not to make commitments to competing verticals for a 18
month period which we feel is justified given that we are financing your
entr?e.  There are no other obligations in the letters outside of what we
discussed - only structural elements required to get the transaction
executed.

I would like the opportunity to discuss this with you in greater detail.
Both Fred and Howard are also available.

Regards-

Jonathan

-----Original Message-----
From: Louise.Kitchen@enron.com [mailto:Louise.Kitchen@enron.com]
Sent: Wednesday, March 14, 2001 12:03 PM
To: Uman, Jonathan
Cc: Varacchi, Frederick
Subject: eMetra

Jonathan,

Thank you for your fax dated March 13, 2001 which incorporated the letter
from Fred Varacchi.  I have read the letter and had several discussions
with my colleagues in London and we conclude that we have no further wish
to pursue any discussions with eSpeed. The letter does not seem to
correspond to any of the discussions we have had to date. I simply do not
see any upside in pursuing discussions, bearing in mind that you received
from us a draft proposal  which you previously indicated was satisfactory
and then followed up with a letter that does not relate at all to the
proposal.

Regards

Louise Kitchen
COO
Enron Americas

cc:  Fred Varacchi, eSpeed
      Tom McKeever, Enron Metals
      Justin Boyd, Enron Legal - Europe
      Travis McCullough, Enron Legal - Americas
      Andy Zipper - EnronOnline
      Greg Whalley - Enron Wholesale
      David Tregar - Enron Metals


Bob,  Attached is the scope of work.  I gave you the hard copy earlier.


Attached is what I ran out of TAGG settlements for 12/2001, book W*.

 -----Original Message-----
From: 	McLaughlin Jr., Errol
Sent:	Wednesday, January 02, 2002 3:36 PM
To:	McPearson, Shannon
Subject:	RE: NG Can

What is the post id you're looking at?  Mine from Monday (1452848) shows 0 value.

 -----Original Message-----
From: 	McPearson, Shannon
Sent:	Wednesday, January 02, 2002 3:00 PM
To:	McLaughlin Jr., Errol
Subject:	NG Can

I am pulling a liquidated value for the NG Canadian book. I am showing expense of (456,816). The counterparty names for these deals are FT Canada. The DPR currently shows a zero liquidated value.

Shannon McPearson
Enron North America
713-853-5944
Shannon.McPearson@enron.com


HBA Members -

Have you returned your 2000 HBA Judicial Preference Poll? The deadline to
return the Preference Poll is 5 p.m. on Friday, September 1, 2000. If you
have not yet returned your Poll, please do so today!


RIGZONE DAILY NEWS -- TUESDAY, MARCH 5, 2002
------------------------------------------------------------
Daily News from the worldwide upstream oil & gas industry
   to view the complete version, please go to:
   http://www.rigzone.com/newsletter_show.asp?n_id=237
------------------------------------------------------------


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I am ok.

 -----Original Message-----
From: 	Moore, Jan
Sent:	Thursday, October 25, 2001 8:29 AM
To:	Geaccone, Tracy
Subject:	TW Weekly

Tracy:

Good morning.  Attached below is the Weekly and my explanations for Steve.  Let me know if you are OK with it.

Thanks!

 << File: Steve_10_26.doc >>  << File: sharris1001wk4.xls >>

Jan
X53858


Good morning.  I am going to unavailable for the interviews on Monday.  The
continued Califonia energy crisis and Enron's gas positions will not allow me
to leave the desk on Monday.  I apologize for the inconvenience, but my time
must be spent in the office.  Please let me know how I may be able to assist
the interview process in the future.  I am always willing to help out when I
have the time.

Sincerely,

Mike Grigsby