713-584-1234

 -----Original Message-----
From: 	Parks, Joe
Sent:	Tuesday, March 12, 2002 3:41 PM
To:	Hayden, Frank
Subject:	RE: whats up

whats the whole number

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Tuesday, March 12, 2002 3:39 PM
To:	Parks, Joe
Subject:	RE: whats up

41234
or 48341

 -----Original Message-----
From: 	Parks, Joe
Sent:	Tuesday, March 12, 2002 3:30 PM
To:	Hayden, Frank
Subject:	RE: whats up

whats your extension

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Tuesday, March 12, 2002 2:46 PM
To:	Parks, Joe
Subject:	RE: whats up

Simple mind

 -----Original Message-----
From: 	Parks, Joe
Sent:	Tuesday, March 12, 2002 2:46 PM
To:	Hayden, Frank
Subject:	RE: whats up

simple answer

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Tuesday, March 12, 2002 2:45 PM
To:	Parks, Joe
Subject:	RE: whats up

nothing

 -----Original Message-----
From: 	Parks, Joe
Sent:	Tuesday, March 12, 2002 1:56 PM
To:	Hayden, Frank
Subject:	whats up


Attached for your review is the Variable Fee based gathering agreement
between ENA and EMS.  Please provide comments as soon as possible.


He was emailed this same email that you are about to read, he called in and that call changed his financial future!

Is working for the "boss" too demeaning and unrewarding?

Are you sick of depending on a job with too little pay and too many hours with no personal reward and even less future?

If you are determined to retire in the next 2 - 5 years with enough income to have REAL Financial Independence and Freedom, and are not afraid to work for it, I can help you.

I am looking for people with a Good Work Ethic and an extraordinary Desire to Earn at Least $10,000 per Month Working From Home!

This LEGTITMATE HOME-BASED INCOME OPPORTUNITY can put you back in Control of your Time, Your Finances, and your life!

If you have tried other opportunities in the past that have failed to live up to their promises, THIS IS DIFFERENT THAN ANYTHING ELSE YOU'VE SEEN!

THIS IS NOT A GET-RICH-QUICK SCHEME!

YOUR FINANCIAL PAST DOES NOT HAVE TO BE YOUR FINANCIAL FUTURE!

CALL ONLY IF YOU ARE SERIOUS!

1-800-449-2065 TOLL FREE (3 minute recording)

DON'T GO TO SLEEP WITHOUT LISTENING TO THIS!

"All our dreams can come true - if we have the courage to pursue them" - Walt Disney

To be taken out of our database click "reply" and click "send".


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 02/13/2001
02:33 PM ---------------------------

Luis Mena@ENRON
02/13/2001 01:33 PM
To: Matthew Lenhart/HOU/ECT@ECT
cc:

Subject:

a little liar's at 5??


This is the contract that we said would be the jumping off point (an accurate
description) for our GE discussions.  As I recall, we need to give it the off
balance sheet treatment before it is distributed to the masses. Rose, can you
take responsibility for the basic OBS stuff?  I suggest we discuss assignment
and indemnity separately (and soon).

My assistant is setting up the legal team's conference call for Wednesday at
830.  Details to follow.

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 07/17/2000 08:53
AM ---------------------------

Brian D Barto@ENRON_DEVELOPMENT
07/17/2000 08:07 AM
To: Kay Mann/Corp/Enron@ENRON
cc: karl.silverling@ps.ge.com@ENRON, michael.barnas@ps.ge.com@ENRON,
stephen.swift@ps.ge.com@ENRON, Dale Rasmussen@ECT

Subject: Re: Electronic file of Coyote Springs contract

Executed Contract for Coyote and Change Order #1, with its associated consent
to assignment:

To: Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
karl.silverling@ps.ge.com, michael.barnas@ps.ge.com, stephen.swift@ps.ge.com
cc:

Subject: Electronic file of Coyote Springs contract

Hi guys,

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

Thank you,

Kay


Susan,

Thank you for your message. I shall be glad to meet with you on May the 4th.
I shall ask my assistant, Shirley Crenshaw (713) 853 5290, to call you to set
up the meeting.

Also, for your information, we have recently set up a special unit to
coordinate Enron's
relationships with the universities. The person running this unit is Christie
Patrick.
Please, feel free to contact her and give my name as a reference. I shall
coordinate the meeting
on May  the 4th with her.

Vince

Additional information re Christie:

Phone :      (713) 853-6117

Email:         christie_patrick@enron.com

"Susan C. Hansen" <susan.hansen@stanford.edu> on 04/03/2001 04:33:54 PM
To: vkamins@enron.com
cc:
Subject: Visit from Stanford?

Dear Dr. Kaminski,

Let me briefly introduce myself, I am the Director of Corporate Relations
for the School of Engineering at Stanford University.  In this role, I am
always on the watch for ways to bring our faculty together with companies
that have an appetite for engagement with top tier research institutions.

I believe you know Hill Huntington, who is a senior researcher with
Stanford's Energy Modeling Forum.  He suggested I get in touch with you for
some ideas about contacts at Enron.  I'm in the process of planning a trip
to Texas in early May along with my colleague Donna Lawrence, the
university's Director of Corporate Relations.  We were hoping to be able to
include a stop at Enron on our itinerary. Right now it appears that Friday,
May 4th would work best for us but we're at the very beginning of our trip
planning.

The purpose of our visit would be to review the current relationship
between Enron and Stanford, to give you an overview of current priorities
in the School of Engineering, and ask for your help in identifying the best
points of contact.

I look forward to hearing from you about your availability,

Sincerely,
Susan Hansen

Susan C. Hansen
Director, Corporate Relations
School of Engineering
Stanford University
Stanford, CA 94305-4027
(650) 725-4219


Vince -

This is the resume I told you about

P
----- Forwarded by Paula Corey/Enron Communications on 01/29/01 03:37 PM -----

	mateog@gofree.indigo.ie
	01/29/01 02:58 PM

		 To: Paula Corey/Enron Communications@Enron Communications
		 cc:
		 Subject: Resume Forwarded at Request of Brian Mihura

Dear Paula:

My name is Matt Gunning and I am a friend and former colleague of Brian
Mihura.  Brian mentioned that you would be interested in seeing my resume,
which I have attached.  If you have questions or need more information,
please contact me.  Thank you for your consideration.
 - att1.htm
 - Resume1.wps


Here is the info.


See attached.

I will be on vacation next week.  Please contact Carol St Clair as needed in
my absence, but note that she works a 4 day week (out Friday).  Carol's
number is 853-3989.  The Canada Work Report will not be issued next week.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


Vince,

This is my latest effort and I would appreciate your thoughts.  I know that
we haven't written together before so let me assure me that you will not
hurt my feelings by "slashing away" with a red pen.  I think that I have
put all the clay on the table for this piece of sculpture but it is still
pretty crude.  Help me "refine" the work to create something we can both be
very proud of.

By the way, I know you are extremely busy right now so don't feel pressured
to spend lots of time here.  Any guidance you can offer will be
appreciated.  I don't know what the editor's time schedule is but he asked
me to send him a draft on Monday.  You and I will still be able to edit the
manuscript but he will begin reading and editing it too.  I'll let you know
as soon as I have a final deadline.

Your friend,

John

p.s. Hope life is a bit calmer for you.  By the way, I'm reading an
interesting book entitled "The Four Agreements" by Miguel Ruiz that
documents the Toltec philosophy of life in the context of the dreams of
reality that we all create.  You might enjoy it.
 - Enron_Paper_1_16_01.doc

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


Susan:
Could you please when you return on Monday circulate a list of issues that we
need to discuss regarding the forms?  Susan Flynn was keeping track of some
of those issues after you left.   I would like to try to get those issues
addressed next week with the people that we need to talk to so that we can
turn a draft of the ISDA Schedules, so please make this a priority.  Thanks.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)


Daren,

FYI.

Bob

---------------------- Forwarded by Robert Cotten/HOU/ECT on 11/07/2000 11:04
AM ---------------------------
Aimee Lannou   11/07/2000 10:32 AM

To: Robert Cotten/HOU/ECT@ECT
cc: Vance L Taylor/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON
Subject: Re: Meter 9707

Please disreagard this e-mail.  The estimates are bad.

Aimee

	Enron North America Corp.

	From:  Robert Cotten                           11/07/2000 10:12 AM

To: Vance L Taylor/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Aimee
Lannou/HOU/ECT@ECT
Subject: Re: Meter 9707

Vance,

Please review the note below and advise.  Thanks.

Bob

Aimee Lannou   11/06/2000 03:52 PM

To: Daren J Farmer/HOU/ECT@ECT
cc: Robert Cotten/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON
Subject: Meter 9707

Daren - Meter 9707, deal # 125786 (gathering) expired 10/1/00.  You extended
this deal for one day last month.  There is flow on 11/5/00 of 1851.  Can you
set up a deal or extend this one?  Please let me know.

Thanks.

Aimee


REMINDER

Please join us for an online trading status meeting.
 Date:  Tuesday, October 24
 Time:  9 - 10am C.S.T. (Houston Time)
 Location: EB42C1

At our meeting we will meet Lisa Lees (Frank's replacement on EOL), learn
from Tana Jones about the Legal review portion of the PA process, talk about
new IT work for Global online processes, and go over user notes for Profile
Manager.

If a representative from your group will not be able to attend, please let me
know.  Also, if additional individuals would like to participate please
forward this notice and let me know their names.

London and Canada:
Let  me and Anthony Campos know which telephone number to call so you can
join us via teleconference.
Otherwise, please call in and join us for an update and discussion of online
trading contract issues.
Polycom number:  713-655-2018
Telephone number:  713-345-7794

---------------------- Forwarded by Karen Lambert/HOU/ECT on 10/23/2000 10:31
AM ---------------------------
From: Karen Lambert on 10/16/2000 11:19 AM
To: Kim S Theriot/HOU/ECT@ECT, Matthew Allan/LON/ECT@ECT, Amelia
Alland/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Enron Europe Global Contracts
and Facilities, Dianne Seib/CAL/ECT@ECT, Cyndie
Balfour-Flanagan/Corp/Enron@ENRON, Martha Stevens/HOU/ECT@ECT, Sarah
Smith/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Denae Umbower/Enron
Communications@Enron Communications, Molly Lafuze/Enron Communications@ENRON
COMMUNICATIONS@ENRON, Molly.Lafuze@enron.net, Alexia Gonzales/HOU/ECT@ECT,
Stephen Furter/LON/ECT@ECT, Andrew Wells/LON/ECT@ECT, Michelle
Schultz/NA/Enron@ENRON, cbalfou@enron.com, Denae Umbower/Enron
Communications@Enron Communications, Laurie Lee/NA/Enron@Enron
cc: Rhonda L Denton/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Chris Wiebe/CAL/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT,
Juana Fayett/Corp/Enron@Enron, Cheryl Dudley/HOU/ECT@ECT, Gina
LaVallee/CAL/ECT@ECT, Bridgette Anderson/Corp/Enron@ENRON, James
Scully/HOU/ECT@ECT, Lynn E Shivers/HOU/ECT@ECT, Susan Elledge/NA/Enron@Enron,
Linda K Loukanis/HOU/ECT@ECT, banders@enron.com, Danny Clark/Enron
Communications@Enron Communications, Amy Heffernan/Enron Communications@Enron
Communications, Gail Hill/LON/ECT@ECT, Charlie Hoang/HOU/ECT@ECT
Subject: Online Trading Status Meeting

Please join us for an online trading status meeting.
 Date:  Tuesday, October 24
 Time:  9 - 10am C.S.T. (Houston Time)
 Location: EB42C1
If a representative from your group will not be able to attend, please let me
know.

London and Canada:
Let me know which telephone number to call so you can join us via
teleconference.
Otherwise, please call in and join us for an update and discussion of online
trading contract issues.
Polycom number:  713-655-2018
Telephone number:  713-345-7794


I tried to make it clear that we were not ourselves moving off of 4/5 RTOs -- and I will try to make that clearer.  I was just trying to take advantage of what Wood and others said to show that they are not the heavy-handed regulators that Barton and others on the Hill are painting.  In other words, I wouldn't have asked them to say what they did -- but once said, we might as well get some mileage out of it.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, October 23, 2001 5:48 PM
To:	Shelk, John
Subject:	RE: DRAFT Comments on Barton RTO Draft

Fine by me.  Not sure if I'd make so much of the recent FERC statements - may come true if we don't keep a straightforward message.

 -----Original Message-----
From: 	Shelk, John
Sent:	Tuesday, October 23, 2001 1:03 PM
To:	Shapiro, Richard; Robertson, Linda; Steffes, James D.; Novosel, Sarah; Nicolay, Christi L.; Nord, Sue; Guerrero, Janel; Shortridge, Pat; Nersesian, Carin; Montovano, Steve; Susan Landwehr (Business Fax); Allegretti, Daniel; Thome, Jennifer
Subject:	DRAFT Comments on Barton RTO Draft

Attached for review and comment is a draft set of talking points on the Barton RTO discussion draft.  I went through the testimony at the recent hearing and parsed the legislative language of the discussion draft.  You will see that the talking points are designed to respond to two basic points being raised by our opponents: (1) that FERC is rushing and being heavy-handed and (2) that the only interests involved are those of the transmitting utilities (i.e., no mention of discrimination as being what RTOs will remedy).

Please let me have your thoughts in the next few days.  Once Capitol Hill is up and running again, we will distribute the final talking points to our consultants and to members/staff of the Barton Subcommittee as we continue our efforts against the discussion draft's treatment of RTOs.

 << File: DraftCommentsOnBartonRTO102201.doc >>


Start Date: 4/14/01; HourAhead hour: 21;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041421.txt


Attached is the revised regulatory matrix for Transwestern's Red Rock Expansion project reflecting the notice that tree clearing activities commenced on October 11, 2001 at Station 2.    Remaining notifications include:

start of construction at remaining stations (within 10 days of start date)
end of construction and in-service date (within 10 days)
actual costs (within 6 months after facilities constructed)
noise survey at Stations 3 & 4 (within 60 days after in-service), and
any additional changes in construction and/or mitigation procedures  (WOULD REQUIRE A DIRECTOR'S LETTER BEFORE IMPLEMENTING CHANGE)

Any questions, let me know.  Thanks for your help.  Donna


The meeting will be held in Three Allen Center in 3AC 16C1.  June 4th from
1:00 - 4:00.  Lunch will be provided.

Janine Migden@ENRON

05/31/2001 01:38 PM

To: Scott Gahn/HOU/EES@EES, Greg Sharp/HOU/EES@EES, James M Wood/HOU/EES@EES,
John D Burrows/HOU/EES@EES, Nicole Schwartz/HOU/EES@EES, Jeff
Ader/HOU/EES@EES, Mark Bernstein/HOU/EES@EES, Brad J Snyder/HOU/EES@EES,
Rogers Herndon/Enron@EnronXGate, Jubran Whalan/HOU/EES@EES, Charles
Decker/HOU/EES@EES, Dave S Laipple/DUB/EES@EES, Adam Cooper/DUB/EES@EES, Dana
Saucier/DUB/EES@EES, Michael Littman/DUB/EES@EES, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Jeff
Merola/HOU/EES@EES, Marc Ulrich/HOU/EES@EES, Scott Reinecke/HOU/EES@EES, Ron
McNamara/NA/Enron@Enron, Mike Roan/ENRON@enronXgate, Christi L
Nicolay/HOU/ECT@ECT, Donna Fulton/Corp/Enron@ENRON, Ed Hamm
cc: Richard Shapiro/NA/Enron@Enron
Subject: AEP Strategy Meeting

A meeting is set for Monday, June 4th from 1:00 - 4:00 cst in a conference
room to be provided to discuss the strategy for the meeting with AEP that is
scheduled for June 7th at 2pm at their offices in Columbus.  A dial-in number
will be made available and provided for the Monday meeting.

If I have inadvertently left someone off the distribution list, please
forward this email on to that person with my apologies.

AGENDA

1.  Regulatory Overview of AEP/Correspondence with AEP - Janine Migden (5min.)

2.  Overview of Enron's business in Ohio - Dave Laipple (5min.)

3.  FE's MSG Product - Nicole Schwartz (5min)

4.  New Business Opportunities - Jeff Ader, Brad Snyder (5 min.)

5.  Other Business Opportunites  (5 min.).

6.  Discussion of constraints on physical delivery into AEP - Rogers Herndon
(20 min.)

 * Ability to aggregate customers into pools to more effectively serve hourly
load
 * Ability of AEP to provide day ahead and hourly forecasts of aggregated load
 * Predetermined energy imbalance service
 * Predetermined ancilliary services
 * Pricing incentives to serve more load
                * Basic walk-through of standard protocol necessary to serve
load physically

7.  Formulation of Enron's Proposal to AEP - Group Discussion (60 Min.)

8.  Next Steps/ Enron Strategy - Group Discussion - (10 Min.)


got message.  hearing start yet?  jeff


Teco Tap       51.250 / Enron


Let me know what UAE says about the water source and how it will effect the
new facility, so we can finalize the O&M numbers. Thanks
Ben


Mr.  Drexelius,

	Per Barry Tycholiz request, attached is the letter agreement for assignment and payment for the Kern River Capacity.  Please execute immediately and fax to my attention at (713) 646-3490.  Upon receipt I will forward to Barry for decision to execute or not by 1:00 pm.  Thank You for your prompt attention to this matter.


---------------------- Forwarded by Richard B Sanders/HOU/ECT on 04/24/2000
04:34 PM ---------------------------

RAISLERK@sullcrom.com on 04/24/2000 09:37:24 AM
To: richard.b.sanders@enron.com
cc:
Subject: CalPx

----------------------------------

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

 - CalPX.doc


Steve January	Wed-Fri/Omaha-Minneapolis

		I show everyone else in the office next week.

Sharon Brown
ETS Gas Control
713-853-5660


Heard anything on that amendment to the ISDA?


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/22/2001
09:10 AM ---------------------------

Michael DeMott <michael.demott@NY.FRB.ORG>@PEACH.EASE.LSOFT.COM> on
02/21/2001 12:49:18 PM
Please respond to michael.demott@NY.FRB.ORG
Sent by: Federal Reserve Bank of NY Research Publications
<FRBNYRMAG1@PEACH.EASE.LSOFT.COM>
To: FRBNYRMAG1@PEACH.EASE.LSOFT.COM
cc:
Subject: New FRBNY Research: 2/22

Dear FRBNY Research Reader:

NOTE THAT OUR WEB SITE ADDRESS HAS CHANGED; PLEASE UPDATE YOUR BOOKMARKS TO:
http://www.newyorkfed.org/rmaghome

Now available at the Federal Reserve Bank of New York Research and Market
Analysis Group's web site:

ECONOMIC POLICY REVIEW
Our policy-oriented flagship publication.

This forthcoming article is now available:
"The Challenges of Risk Management in Diversified Financial Companies," by
Christine M. Cumming and Beverly J. Hirtle
http://www.newyorkfed.org/rmaghome/econ_pol/2001/201cumm.html

U.S. AND GLOBAL ECONOMIES CHARTS
Access a series of charts outlining the financial conditions of the U.S. and
global economies; these charts are updated every Wednesday.
http://www.newyorkfed.org/rmaghome/dirchrts/

For more information on the New York Fed's research and research staff:
http://www.newyorkfed.org/rmaghome

Feel free to forward this message to anyone who might also be interested in
our publications and papers.

If you no longer wish to receive these electronic messages, simply send an
e-mail to listserv@peach.ease.lsoft.com. In the e-mail, type the following:
signoff FRBNYRMAG1. For more details, please go to
http://www.newyorkfed.org/rmaghome/subscribe/subscribe.html.
?

This notification service is provided to you free of charge. By subscribing
to the service and providing your e-mail address, you agree to waive any
claim against the Federal Reserve Bank of New York for any messages that you
may receive by reason of your subscription to this service and/or any
resultant harm to you and/or your computer from receipt of such messages.?
The Federal Reserve Bank of New York assumes no responsibility for any
inaccuracies in any messages you may receive as a result of your subscription
to this service.


Do we run the risk of them saying, Enron, on average your customers represented 5% of the load, therefore you owe us 5% of the undercollection, or $3B * 0.05 = $150M?  That's my biggest concern.  Thoughts?

 -----Original Message-----
From: 	Curry, Wanda
Sent:	Tuesday, October 23, 2001 5:58 PM
To:	Dasovich, Jeff
Subject:	FW: Total DA Load at 5.7% as of 8/31

What do you think about the % of load argument?  This is Sue's e-mail.

Wanda

 -----Original Message-----
From: 	Mara, Susan
Sent:	Monday, October  1, 2001 2:25 PM
To:	Kean, Steven J.; Belden, Tim; Sharp, Vicki; Blachman, Jeremy; Comnes, Alan; Tribolet, Michael; Walsh, Kristin; Delainey, David; Leff, Dan; Frazier, Lamar; Keeney, Kevin; Gahn, Scott; Swain, Steve; Lavorato, John; Kaufman, Paul; Steffes, James D.; Calger, Christopher F.; Mara, Susan; Black, Don; Richter, Jeff; Kitchen, Louise; Dietrich, Janet; Mara, Susan; Robertson, Linda; Kingerski, Harry; Denne, Karen; Palmer, Mark A. (PR); Shapiro, Richard; Curry, Wanda; Mellencamp, Lisa; Higgason, Kelly; Whalley, Greg; Mellencamp, Lisa; Dasovich, Jeff
Subject:	Total DA Load at 5.7% as of 8/31

The new data are out from the CPUC.  Only reported as of 8/31/01.

 << File: DA Load as of 8-31-01.doc >>


off that call and on another.  will call your cell soon as this one's done.


Kevin,

Thanks a lot.

Vince

Kevin G Moore
10/26/2000 06:29 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Boss 's Day

Goodmorning Vince ,

I did not get Mike a token for today because we
celebrated with him on Oct. 16th however,you
may want to mention the reason in the staff
meeting.....

                                          Thanks

Also Vince , you are the Greatest Boss, Have a Wonderful Day !

---------------------- Forwarded by Kevin G Moore/HOU/ECT on 10/26/2000 07:17
AM ---------------------------

Kevin G Moore
10/26/2000 06:18 AM
To: Mike A Roberts/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT, Jose Marquez/Corp/Enron@ENRON, Stephen
Bennett/NA/Enron@ENRON, William Smith/Corp/Enron@ENRON, Elena
Chilkina/Corp/Enron@Enron, V Charles Weldon/HOU/ECT@ECT
cc: Vasant Shanbhogue/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Maureen
Raymond/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Steve
Bigalow/NA/Enron@Enron
Subject: Boss 's Day

This message is pertaining to the celebration the Weather Team
had with Mike Roberts.

We celebrated with Mike on Boss's Day Oct. 16th.

We the  Weather Team felt that time spent with our Boss was
just as valuable as any token of appreciation.

We did Happy Hour @ Ninfa's

Mike you will not have a token in the staff meeting today
however, please know that you are a great Boss too.

We still would like for you to join the others in celebrating
and we would like to have lunch with you.

                                         Thanks
                                     Kevin Moore

Hope to see you there !


[IMAGE]
 Attention Fantasy Players! Cant find that perfect gift? Let MVP.com make it easy for you! Save 10% on your next purchase when you purchase a Gift Certificate from now until 12/27/01. Click Here for Details .     Brought to you by   Sponsorship Bar You are receiving these e-reports because you have signed up for CBS SportsLine.com Fantasy Football.  To customize, reschedule, or turn off these reports please  click here    Standings, Summary  [IMAGE]Big 12 Division Team W L T Pct Back Strk  Div Wks PF Back PA Meximullets  8 7 0 0.533 0.0 L1 6-2-0 2.0 2087.0 0.0 2025.0 The Guzzlers  7 7 0 0.500 1.0 W1 5-3-0 1.0 1829.0 258.0 1789.0 The Lie Downs  7 7 0 0.500 1.0 L1 4-4-0 1.0 1730.0 357.0 1759.0 oops, I did it again  6 8 0 0.429 2.0 W1 5-3-0 0.5 1776.0 311.0 1753.0 One Man Show  5 9 0 0.357 3.0 L3 2-6-0 1.0 1690.0 397.0 1766.0 Thrill Kill Cult  3 11 0 0.214 5.0 L1 2-6-0 0.0 1498.0 589.0 1810.0 SEC Division Team W L T Pct Back Strk  Div Wks PF Back PA The Fat Bastards  12 3 0 0.800 0.0 W1 7-2-0 2.0 2036.0 51.0 1862.0 Who's Yo Daddy  12 3 0 0.800 0.0 W11 5-3-0 1.0 2014.0 73.0 1746.0 The Executioners  9 6 0 0.600 3.0 L1 3-6-0 2.0 1995.0 92.0 1902.0 Not So Nice Machine  7 7 0 0.500 5.0 L1 4-4-0 2.0 1742.0 345.0 1831.0 The Snake Pit  5 9 0 0.357 7.0 L5 3-5-0 0.5 1796.0 291.0 1972.0 North Blvd Nutwhackers  5 9 0 0.357 7.0 W1 3-5-0 2.0 1790.0 297.0 1768.0  Statistics, Scoring  [IMAGE]The Executioners Actives Player Pos Scoring Score Gannon, Rich  QB 29 PaCmp (29 Pts), 249 PaYd (12 Pts), 1 PaTD (4) (6 Pts), 1 PaInt (-3 Pts), 11 RuYd (1 Pt) 45.0 Barber, Tiki  RB 47 RuYd (4 Pts), 6 Recpt (6 Pts), 24 ReYd (1 Pt) 11.0 Davis, Stephen  RB 57 RuYd (5 Pts), 1 RuTD (3) (6 Pts), 2 Recpt (2 Pts) 13.0 Booker, Marty  WR 7 Recpt (7 Pts), 74 ReYd (3 Pts) 10.0 Carter, Cris  WR 7 Recpt (7 Pts), 88 ReYd (4 Pts) 11.0 Warrick, Peter  WR 1 Recpt (1 Pt) 1.0 Gonzalez, Tony  TE 2 Recpt (2 Pts), 22 ReYd (1 Pt) 3.0 Vinatieri, Adam  K 2 FG (32,23) (6 Pts), 2 XP (2 Pts) 8.0 Jets  DT 2 SACK (4 Pts), 2 DFR (8 Pts) 12.0    [IMAGE] TOTALS     114.0 The Executioners Reserves Player Pos ST Scoring Score Bledsoe, Drew  QB RS   0.0 Brady, Tom  QB RS 11 PaCmp (11 Pts), 108 PaYd (5 Pts), 1 PaTD (23) (6 Pts), 1 Recpt (1 Pt), 23 ReYd (1 Pt) 24.0 Canidate, Trung  RB RS   0.0 Connell, Albert  WR RS   0.0 Jefferson, Shawn  WR RS 2 Recpt (2 Pts), 22 ReYd (1 Pt) 3.0 Tomlinson, LaDainian  RB RS 145 RuYd (19 Pts), 3 Recpt (3 Pts) 22.0 Williams, Roland  TE RS 5 Recpt (5 Pts), 32 ReYd (1 Pt), 1 ReTD (4) (6 Pts) 12.0     [IMAGE] TOTALS       61.0  NFL Reports, Player Updates  [IMAGE]Latest NFL Player News  Jerome Bettis , RB PIT - Who's Yo Daddy Updated 12/25/01 Bettis is listed as questionable for Week 16. However, he may be able to return to the Steelers' starting lineup. Bill Cowher said Bettis is progressing, and he will be used this week if healthy.   James Stewart , RB DET - The Lie Downs Updated 12/23/01 Stewart suffered a sprained ankle early in Sunday's game at Pittsburgh. He was replaced by Lamont Warren in the first quarter, and Stewart did not return.   Cameron Cleeland , TE NO - Free Agent Updated 12/23/01 Cleeland injured his Achilles tendon on Sunday. He is not expected to play again this season.   Ahman Green , RB GB - Thrill Kill Cult Updated 12/23/01 Green left Sunday's game in the fourth quarter with labored breathing. He was replaced by Dorsey Levens.   Todd Bouman , QB MIN - Meximullets Updated 12/23/01 Bouman was able to start Sunday's game, but he re-injured his thumb in the first quarter and was replaced by Spergon Wynn.   Wesley Walls , TE CAR - The Snake Pit Updated 12/23/01 Walls was able to play in Sunday's game despite an ankle injury, but he left the game before halftime after spraining his left knee.   Martin Gramatica  , K TB - One Man Show Updated 12/23/01 Gramatica injured his hamstring in the fourth quarter on Sunday. He hurt himself on a PAT attempt, but Gramatica is expected to play on December 29.    Todd Bouman , QB MIN - Meximullets Updated 12/23/01 Bouman is now listed as probable for Sunday's game. He should be able to start against the Jaguars, but he may play with some pain in his thumb.   Jeff Graham , WR SD - oops, I did it again Updated 12/23/01 Graham probably won't play Sunday at Kansas City because of the death of his father in a car accident, coach Mike Riley said Friday. If Graham doesn't play, Trevor Gaylor will start in his place and Nate Turner will be signed off the practice squad. The Chargers are already missing their No. 3 receiver, Tim Dwight, due to complications of a collapsed lung.   Antowain Smith , RB NE - The Guzzlers Updated 12/23/01 Smith rushed for a career-high 156 yards and a touchdown Saturday. He has been one of the best runners in the AFC and will help carry your team to Fantasy glory.     Steve McNair  , QB TEN - North Blvd Nutwhackers Updated 12/23/01 McNair played Saturday despite suffering from back spasms all week. He played well, throwing a touchdown pass in the second half. Expect him to be a solid No. 1 QB.  Jeff Garcia , QB SF - The Guzzlers Updated 12/23/01 Garcia, whose practice time was limited all week, played in Saturday's game. He admitted afterwards that he has a cracked rib. He played with extra padding, saying it didn't greatly affect his throws. Garcia might not be at full strength in the remaining weeks but he will still be a solid No. 1 Fantasy QB.   Eddie George , RB TEN - Thrill Kill Cult Updated 12/23/01 George played in Saturday's game despite suffering from an ankle injury. He left in the third quarter because of a neck injury but returned to the game.  Oronde Gadsden , WR MIA - Thrill Kill Cult Updated 12/23/01 Gadsden did not play in Saturday's game against the Patriots because of a hamstring injury. Chris Chambers started in his absence.  Fred Beasley , RB SF - Free Agent Updated 12/23/01 Beasley broke his right hand. He will probably be sidelined for the rest of the regular season.   Joe Horn , WR NO - The Lie Downs Updated 12/21/01 Horn is once again performing like an elite Fantasy receiver. He is a must-start player during the final weeks of the NFL season.   Maurice Smith , RB ATL - Who's Yo Daddy Updated 12/21/01 A banged-up Smith hasn't done much statistically in recent weeks. Don't depend on him during the Fantasy playoffs.   Donald Hayes , WR CAR - Free Agent Updated 12/21/01 Hayes may step back into the forefront this week as the No. 1 wideout in place of Muhsin Muhammad. He isn't very explosive, however, and won't help Fantasy teams much during Weeks 15 through 17.    Chris Weinke , QB CAR - The Lie Downs Updated 12/21/01 Consider Weinke as a backup during the Fantasy playoffs. He lacks the weapons to post better-than-average numbers, but he is a good option if you need an emergency QB.   Kurt Warner , QB STL - Who's Yo Daddy Updated 12/21/01 Warner should guide many Fantasy teams to success during the playoffs. Expect fine numbers from him the rest of the way.  Rich Gannon , QB OAK - The Executioners Updated 12/21/01 Gannon has been a top-flight Fantasy QB this year. He will be a key player on many title teams, and should never be benched.   Randy Moss , WR MIN - Meximullets Updated 12/21/01 Moss started off slow this season but has once again been one of the best wideouts. Don't hesitate to start him during your playoff run.  Marvin Minnis , WR KC - North Blvd Nutwhackers Updated 12/21/01 Minnis hasn't done much to help Fantasy owners this year. Don't use him during the remaining weeks of the NFL season.   Michael Westbrook , WR WAS - The Snake Pit Updated 12/21/01 Westbrook has been inconsistent this season as a Fantasy player. He will be a good No. 2 at best during your playoffs.  Rod Gardner , WR WAS - Not So Nice Machine Updated 12/21/01 Gardner has been very inconsistent this season. Unless you play in a deeper league, starting Gardner isn't advisable.    Tony Richardson , RB KC - Free Agent Updated 12/21/01 Richardson hasn't been a consistent scoring threat this year. Don't use him during the Fantasy playoffs.   Tony Gonzalez , TE KC - The Executioners Updated 12/21/01 Gonzalez hasn't played as well as expected this year. Still, he is too talented to bench during the Fantasy playoffs.   Brett Favre , QB GB - The Fat Bastards Updated 12/21/01 Favre has been one of the best QBs this season. Count on him to help lead your team to Fantasy glory.  Trent Green , QB KC - Meximullets Updated 12/21/01 Green has been an inconsistent Fantasy QB this year. He is a risky start during the rest of the season.   Bill Schroeder , WR GB - Not So Nice Machine Updated 12/21/01 Schroeder has had a solid season. Look for him to be a reliable No. 2 wideout during your postseason.  More Updates  [IMAGE]  Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com   FB10SP


Thanks very much, Doug.


The report named: CE P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=4&report_name=CE+P/L&category_cd=3&category_name=CENTRAL&toc_hide=1&sTV1=3&TV1Exp=Y&current_efct_date=10/19/2001>, published as of 10/19/2001 is now available for viewing on the website.


Sam,

Thanks for forward thinking. What about a new asscoiate
Kate Lucas or Sharad?

I shall beat on people (or myself) to produce

	Enron North America Corp.

	From:  William Smith @ ENRON                           11/09/2000 07:58 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Newsletter update

Good Morning, Vince!

After going over our department list, I believe that, with the exception of a
part-timer or two, we have covered everybody in the newsletter.  If we have
recently hired someone who might not be on the list, would you please let me
know?  Also, if you have a good article from someone that we can use for a
Technical Corner, we will need that, too.  I'm going to put out a general
call for TC material today.  Hopefully, we will get several things we can use
for the coming weeks.

Sam


<<PS-DS-036-046.doc>>  <<final_lr.xls>>

Attached are the responses of the DSIs to data requests PS-DS:036 through
PS-DS:046.  The Excel file is an attachment to the response to PS-DS:046.

Bill Ferranti
Murphy & Buchal LLP
503-227-1011
bferranti@mbllp.com

 - PS-DS-036-046.doc
 - final_lr.xls


Mark-sorry to bug you about this, but I'm getting bugged at this end.  Do
you see any problem in K&S representing BP in the deal outlined below?

Also, thanks for the Midway TECO deal-I always enjoy working with Kay Mann.

Regards-John

-----Original Message-----
From: James.Derrick@enron.com [mailto:James.Derrick@enron.com]
Sent: Thursday, May 31, 2001 5:58 PM
To: JKeffer@KSLAW.com
Subject: RE: Bolivia Waiver

John, I have asked Mark Haedicke and John Novak to respond to your
question.  Jim

-----Original Message-----
From:   "Keffer, John" <JKeffer@KSLAW.com>@ENRON

[mailto:IMCEANOTES-+22Keffer+2C+20John+22+20+3CJKeffer+40KSLAW+2Ecom+3E+40EN
RON@ENRON.com]

Sent:   Thursday, May 31, 2001 4:24 PM
To:     Derrick Jr., James
Subject:  Bolivia Waiver

Jim-I'm sorry to be bothering you about this again, but I need to get
your
clearance for me to represent BP in a transaction in Bolivia where BP,
through its partially owned subsidiary Empresa Petrolera Chaco, will be
selling gas to Southern Cone Gas Ltd.  As I understand it, the gas is
intended for Enron's Cuiab? power plant in Brazil.

Thanks again.

Regards

John

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

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


Diana:

I have attached the confirm for 541395.

Let me know if you need anything else.

Thanks,
Melissa
(713) 853-1886


T:  Please print these for me.  Thanks.  MHC

----- Forwarded by Michelle Cash/HOU/ECT on 06/12/2000 02:13 PM -----

	Bob Sparger@ENRON
	06/09/2000 04:05 PM

		 To: Michelle Cash/HOU/ECT@ECT
		 cc:
		 Subject: Individual Project (Mid Year PRC)

Michelle:

FYI, per our conversation.  Wanted to set the agreement to do a project and
the overall expectations.

Need to go back to each person since they were allowed to choose their
project -- accepted is an inaccurate word.

Regards,

Bob
---------------------- Forwarded by Bob Sparger/Corp/Enron on 06/09/2000
04:03 PM ---------------------------

	From:  Bob Sparger                           06/09/2000 03:01 PM

To: Walter Shinn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Kathryn Schultea/HR/Corp/Enron@ENRON, Kimberly Rizzi/HOU/ECT@ECT, Brian
Schaffer/Corp/Enron@ENRON, Timothy
Callahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Individual Project (Mid Year PRC)

Walt:

Per our conversation this afternoon, you have accepted the PRC Historical
Information and Historical Bonus Information as your project.  These are
separate activity sets which are closely related.  We have "joined" these
activity set due to commonality of the PRC and Bonus with Enron, and to
ensure that you have an adequate workload for your project period.

As part of this project initialization, you need to:

Determine the Objectives (set with Kathy Schultea, any other individual(s)
she may indicate as being key to the processes at hand, and Bob Sparger)
List Activities/Tasks
Set Timelines with Key Dates
Set Deliverables and Targets
Establish Status Reporting

The primary focus is on the  PRC Historical Information set.  It is very
important that you determine the data sources early on in your project to see
how you might run all activities in parallel.  If this is not possible, you
will need to communicate what the issues may be.

The first step is to schedule a meeting with Kathy Schultea, any other
individual(s) she may indicate as being key to the processes at hand, and me
to go through the list above and begin to setup the various components to
meet the needs of the future staffing teams in the BUs.

As part of our toolkit, Project Status Report sheets follow.

We need to setup the project status reporting ASAP.

Upon completion of the project initialization steps, we will meet to discuss
the performance evaluation process for your project.  Your evaluation will be
based on several criteria related to the project and your individual
performance.  Key items that are part of this process include:

Handling of the project initialization stage (includes project planning and
setup);
Overall quality of the project deliverables (includes work products and
documentation accuracy and clarity);
The quantity of the overall project work effort (based on volume of the
effort targeted and completion);
Project management and communication (based on timeliness, accuracy, and
communication);
Feedback from the project customer base (based on teaming, communication,
responsiveness, and initiative); and
Other criteria (to be agreed, as appropriate).

The vehicle for evaluation will be the standard PEP form and criteria as used
in the PRC process.  The items listed above are measurable against the
specific skills/behaviors that Enron uses in performance evaluation.
Following are the forms and criteria which will be used in the evaluation
process.

If you have any questions or concerns, please call me at ext. 31858.

Regards,

Bob


Oops, already had to make change!


Thanks, man, I appreciate the kind words and thoughts.  My parents arrive this
evening for a week or mirth (or is that myrrh) and merrymaking on the big
city.
How are thing sin the heartland?  Cold enough yet?  has Nebraska bought a
national title yet, or is Florida State paying their players more?  Give my
love
to the girls.  David

Drew.Fossum@enron.com on 11/19/2000 08:22:05 PM

To:   David N Schumeister/NY/NA/ShS@ShSDOMAIN
cc:

Subject:  Re: Save the date!

Outstanding!!!  Consider the date saved!  I'm really happy for both of you
and eagerly await meeting Joy.  I'll give you a buzz for the details!
Congratulations!  Drew and Sandra

"David N Schumeister" <dschumeister@shearman.com> on 11/16/2000 10:43:41 AM

To:   Drew.Fossum@enron.com
cc:   jnewman148@aol.com

Subject:  Save the date!

Drew:
     How is life?  Things here are going very well; just extremely hectic
(which, I guess, comes as no surprise).  I am giving you plenty of advance
notice; we are getting married on Sunday, September 2, the Sunday of Labor
Day
weekend in New York. We have scheduled this in part to accomodate our dear
friends from out of town such that they do not have to take the Monday off
work.
Details to follow, but no excuses!  it has been far too long since I saw
you,
and cannot imagine a happier occasion.  I will check in over the next few
days
to hear how life is for you, and hope and trust it is all well.  Talk to
you
soon, David & Joy

Drew.Fossum@enron.com on 10/19/2000 09:15:04 AM

To:   David N Schumeister/NY/NA/ShS@ShSDOMAIN
cc:

Subject:  Re: guess what!?!

Outstanding!  You have our most sincere congratulations and best
wishes--first for a great trip and more importantly for a great life
together!  I need to find a CLE boondoggle in the city that I can bring
Sandra to and we'll get together and celebrate.  I'd suggest you look for a
CLE boondoggle out here, but given your practice specialty, it might be
difficult to convince your partners they need to pay for a "hog law" or
"corn law" seminar!!!  Adios amigo.  DF

"David N Schumeister" <dschumeister@shearman.com> on 10/19/2000 02:37:51 AM

To:   Drew.Fossum@enron.com
cc:

Subject:  guess what!?!

Joy and I got engaged this past weekend; I am loving life and it is great.
We
leave for Italy tomorrow for ten days; I will call when we get back and
fill you
in on all the details.  Ciao, David


All,

HA Wheeling Cong was calcing incorrectly.  Donna and I made a change to how the charge was being calculated as follows:

OLD:

(HA Export Wheeling MW * HA Import Price) + (HA Import Wheeling MW * HA Export Price)

NEW:

(HA Import Wheeling MW * HA Import Price) - (HA Export Wheeling MW * HA Export Price)

Thus effective at COB today, the new Settle15 will be in production.

Let Donna or I know if you have any questions,

Kourtney


Hector, we need to check with Kriste Sullivan on this.  I have a vague
recollection about a group of employees going to Dynegy, and we had to send a
demand letter to prohibit the improper use of Enron information.  She was
involved, so could you please send her the email you sent to me?  Then, we
can discuss a strategy.  Thanks.  Michelle


I just want to make sure it works !!!


BE AWARE


<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">

<META content="text/html; charset=iso-8859-1" http-equiv=Content-Type>
<META content="Microsoft FrontPage 4.0" name=GENERATOR>

To
help celebrate the season, Skipping Stone is happy to offer you

a special limited time discount on our Deregulation of Texas Power Markets
Report.<o:p>
</o:p>

 Order
  your report today for $100 off the regular price of $995 any time
  before December 28th.<o:p>
  </o:p>

The
  newly updated Texas Report has all the facts on the Texas Power Market in one
  clear and coherent 100+ page report.<o:p>
  </o:p>

 Detailed
  Legislative Summary

   Comprehensive and Up-to-date
  Market Rules

  Description of the Wholesale Markets

  ERCOT Rules and Participation Requirements

  Price to Beat and POLR Decisions and Opportunities

  Complete
  Economic and Market Analyses

  How to Work Within
  the Infrastructure

  Comprehensive Review of the Pilot Program

  The Latest Revised Market Participant Analysis

  Key Contacts Information<o:p>
  </o:p>

And
  Much More!<o:p>
  </o:p>

 This
  Report will provide the information needed to decide whether and how to enter
  the Texas market and to develop a

  business plan for market entry and to develop and market products.
  Once purchased, you will
  have

  up to 30 minutes of access to
  Skipping Stone?s experts to ask any questions you may
  have. <o:p>
  </o:p>

 Visit:
  http://www.skippingstone.com/product/txreport.htm
  or call 888-792-2592

  for more information or to take advantage of this special offer! <o:p>
  </o:p>

 <o:p>
  </o:p>

This
  offer is good through 12/28/01.
  The Report will be delivered electronically in a PDF format.

  Each report is uniquely identified with an embedded
  identification number.  Unauthorized
  copying, electronically or otherwise,

  of the report is a violation of federal law.
  Skipping Stone offers a site license for up to ten copies for $4,595.<o:p>
  </o:p>


Sally Manning
65 Boston Post Road West, Suite 300
Marlborough, MA 01752

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


Mary:

I asked for a list of major energy trading parties.  It seems to me that we
should try again to get those on the list that are not already members to
join ISDA.  Let me know if I can help.

Regards,

Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 08/14/2000 01:50 PM -----

	Jeffrey T Hodge
	08/14/2000 01:18 PM

		 To: Janette Elbertson/HOU/ECT@ECT
		 cc: Mark E Haedicke/HOU/ECT@ECT
		 Subject: Information request

Janette:

I meant to copy you on this, but sent it before thinking.

Jeff
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 08/14/2000 01:17 PM -----

	Jeffrey T Hodge
	08/14/2000 01:16 PM

		 To: Mark E Haedicke/HOU/ECT
		 cc:
		 Subject: Information request

Mark:

Last week you requested that I give you a list of about 10 counterparties
that you would forward on to ISDA.  Please note that the listed
counterparties came from information given to me by the documentation group.
In any event, the list is as follows:

  1.  AEP
  2.  Aquila
  3.  Coral
  4.  Duke Energy Trading
  5.  El Paso Merchant Energy
  6.  Koch
  7.  PG&E Energy Trading
  8.  Reliant
  9.  Southern Company Energy Marketing
  10. Williams Energy

I hope this is of some help.

Jeff


tues sounds great


Hi Larry,

Just wanted to let you know that your title V permit mods for Leupp and
Klagetoh have been signed, and will be mailed today or tomorrow.  You
can legally commence construction now.

Note my new phone number.

Roger Kohn
USEPA - Air Division (AIR-3)
75 Hawthorne Street
San Francisco, CA  94105-3901
Phone 415-972-3973
Fax:  415-947-3579


i think she is one of jen's cougar friends.  that is such a chick thing to
do.


All:

Dan Leff will be holding a Floor Meeting tomorrow, Tuesday, 4/2/02, at 9:00 AM (Pacific); 11:00 AM (Central) to discuss the Retention and Severance Plan.  Please plan to meet in the 4th Floor Conference Room tomorrow morning and we will dial in thru the conference phone line.

San Francisco Employees:  We are setting up a dial-in number and will work through April Hrach to coordinate.

ENA HR
x7404
x8321


yep

 -----Original Message-----
From: 	Gang, Lisa
Sent:	Wednesday, March 13, 2002 7:39 AM
To:	DL-UBSW Energy Real Portland Real Time
Subject:	TEST

This is a test.  I want to make sure this is the correct address for you guys.  Please respond and let me know.  Thank You!

Lisa gang


To continue to keep you in the loop - looks like Mike is moving in the right
direction on this --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 12/27/2000 05:15 PM
---------------------------

Mike Jordan
12/24/2000 08:15 AM
To: Rick Buy/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, David Port/Market
Risk/Corp/Enron@ENRON
cc: James New/LON/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, John Paskin/LON/ECT@ECT, Brian Hudson/LON/ECT@ECT, Mark
Pickering/LON/ECT@ECT, Fernley Dyson/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT,
Michael R Brown/LON/ECT@ECT, John Sherriff/LON/ECT@ECT
Subject: UK Submission of Positions

In response to the below, there was a short planning meeting between
Commercial Support and IT, specific objectives were identified which would
enhance the DPR and reporting process, and improve the robustness of our
processes, the following has been agreed in principle:

1. Commercial groups to input all trades and save out all curves by 6 PM GMT,
pending agreement from the Office of the Chair.
2. IT to investigate/develop a report showing valuation of new trades, to be
signed off by risk management before end of day.
3. Full valuation to start at approximately 7 PM GMT.  On completion, a
comparison of the portfolio valuation will be made to the prior day's
portfolio valuation and any material (threshold to be specified) movements to
be reported to risk management ( for consideration of rerun )
4. IT Operations to monitor valuation for software and hardware errors, to be
reported to technical support in the event of a failure.

The benefits of this process will be to trap problems early and allow time
for completion of the rerun of the valuation systems prior to the beginning
of the next trading day.

Early in the new year we will produce daily process timelines for each
business area/valuation system for the following:
a) current state
b) proposed interim state without automated trade capture/booking
c) target final state including automated trade capture/booking ( note -
Market Tracker for UK Power business is currently in system test -
implementation timelines for other businesses not yet available )

Upon completion of these analyses we will circulate and request full
commercial signoff

Regards

Mike Jordan, James New, Mark Pickering, John Paskin and Brian Hudson
---------------------- Forwarded by Mike Jordan/LON/ECT on 24/12/2000 13:56
---------------------------

Mike Jordan
19/12/2000 16:02
To: Rick Buy/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, David Port/Market
Risk/Corp/Enron@ENRON
cc: James New/LON/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, John Paskin/LON/ECT@ECT, Brian Hudson/LON/ECT@ECT, Mark
Pickering/LON/ECT@ECT, Fernley Dyson/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT

Subject: UK Submission of Positions

Just to follow up on James's note of yesterday - my apologies for being out

The elimination of the requirement to 'grab' the FX and IR market environment
from Houston ( and consequently use European data ) can improve our ability
to kick the overnight batch processing off earlier in the evening. James and
I will be working with Brian Hudson to determine the timetable for effecting
this change

The revised batch start time would improve the opportunity to detect any
system failure and complete a rerun of the valuation process so as to deliver
completed results by the time the Risk Management team arrive at their desks
in the morning. System failures are the most significant problem we face in
delivering timely information to Houston. Consequently the probability of
meeting current reporting deadlines would be greatly improved given that we
will have full IT overnight support covering for any IT failure and curve
input validation processes on trade date.

Indeed given the successful completion of all overnight runs we are able to
deliver

Officialisation of all valuation systems and most spreadsheets ( David Hardy
is in final testing of the Eastern spreadsheet feed ) by the 10 AM deadline (
Houston 4 AM )
Flash p&l by the 1PM deadline ( Houston 7AM )
Completion of the final DPR to be submitted to Houston by the 5 PM deadline (
Houston 11AM )

James and I are currently finalising a document reviewing all possible
changes to business processes that could improve these times. This is in
addition to working with Commercial and IT to assess the possibility of
delivering significantly faster revaluation systems that could assist in
delivering a trade date control process.

I can confirm that there is significant work to do in this area, however, we
are dedicated to meeting the objectives of improved/more real time control.
Please feel free to call if the above requires any additional commentary.

Regards

Mike

---------------------- Forwarded by Mike Jordan/LON/ECT on 19/12/2000 15:06
---------------------------

James New
18/12/2000 09:10
To: Rick Buy/HOU/ECT@ECT
cc: John Sherriff/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, Fernley
Dyson/LON/ECT@ECT, Mike Jordan/LON/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT

Subject: UK Submission of Positions

Rick,

Thanks you for your note below. We are today implementing a flash P&L
process. We aim to report daily numbers at 7am Houston time and will start
today with the P&L. We will build on this and hope to have draft positions
and VAR for most books within a week or so. There will be a reconciliation of
flash to final numbers which will be included in our return to Houston.

I will put together a note on the London DPR production process which goes
into the process we currently have, the process we actually need to have, and
the obstacles that are in the way. I would expect this to be finalised
tomorrow. Obtaining the USD interest rate curve on a more timely basis is
just one of our problems but it is unfortunately by no means our only or most
serious problem.

James

From:  Rick Buy
15/12/2000 21:59

To: John Sherriff/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, Mike
Jordan/LON/ECT@ECT
cc: Gary Hickerson/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT

Subject: UK Submission of Positions

Need your help on the following: Each day we are delayed in finalising var,
p&L and positions because the UK must wait for a USD  interest rate curves
before submitting their data to Houston. I am also told that it is really not
necessary to wait for this curve and the data could be submitted close of
business London. Even if there was some minor inaccuracy from this method it
would be better than what we have now. This would greatly improve the
efficiency (by 4 to 6 hours) in reporting to senior management. Can you guys
initiate this change or get me to the right person there. Thanks, Rick


Here's the e-mail I sent, thought I'd try out the address.

-----Original Message-----
From: Terri Wilsie [mailto:t.wilsie@worldnet.att.net]
Sent: Sunday, April 23, 2000 7:07 PM
To: Jeffrey Dasovich
Subject: Peter's New Firm

All his complaining turned out to be real after all.  Peter left Landels in
a group of six environmental partners (including Landels' biggest rainmaker)
on Friday and is now a partner at Farella, Braun and Martell.  It is a
medium-size, SF-based firm of about 100 lawyers that did not have an
environmental dept before.  There was a lot of drama at Landels over the
last month as this was taking place, but Peter is very happy to be leaving
and thinks the new firm is going to work out great.  I don't know, but they
do have a wine country office and represent Mondavi and Frog's Leap and a
few others so I might get a weekend trip or at least some wine out of the
deal.  You can read all about it in the SF Legal Recorder and Daily Journal
legal newspapers from last week.  Peter's group is covered in Friday's
editions.  Peter's new office number is 954-4940 and is at pmodlin@fbm.com.

I'm still plugging away for your so-called competition.  How's life?  How's
school?


I think that Enron internal would be fine.  I have spoken with one commrcial
person (Ron Coker)  about her and got rave reviews.  She worked very closely
with Anthony Duenner so maybe you could call him and Bruce Lundstrum.  Also
Rob Walls.  Thanks for doing this for me.  I'm still a hostage.


Final Final numbers??
---------------------- Forwarded by Chris Germany/HOU/ECT on 12/28/99 05:10
PM ---------------------------

pdrexel@columbiaenergygroup.com on 12/28/99 02:20:23 PM
To: Dan Junek/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT
cc:
Subject: FINAL - JANUARY 2000 NEEDS

---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on 12/28/99
02:26 PM ---------------------------

KIM NOVSEK BIZIK
12/28/99 02:14 PM

To: Morgan Sharifi/CES/ColumbiaGas@ColumbiaGas, Dale Ray
East/CES/ColumbiaGas@ColumbiaGas, Phil Villagomez/CES/ColumbiaGas@ColumbiaGas,
Darren Espey/CES/ColumbiaGas@ColumbiaGas
cc: Noel Bartlo/CES/ColumbiaGas@ColumbiaGas, Paul
Drexelius/CES/ColumbiaGas@ColumbiaGas, Marianne
Stiles/CES/ColumbiaGas@ColumbiaGas, Joanne Swogger/CES/ColumbiaGas@ColumbiaGas
Subject: FINAL - JANUARY 2000 NEEDS

Good Afternoon - my mistake below in regards to the Peco volumes - the
PECO-PAGas needs to be proven as Pa Gas - therefore please have nominated from
CNG Finnefrock.  Please contact me if you have any questions.

ANR
 CG&E- deliveries to Springboro 1550 dth/day LDC Nom Deadline is
12:30 on the 30th - note this can be served off TGT

Tetco
 BUG  145 dth/day LDC Nom Deadline is noon on the
28th
 Con Ed 261 dth/day  (estimate ONLY) LDC Nom Deadline is 2
pm on the 30th
 PECO  1006 dth/day Monday - Friday and 452 dth/day
Saturday and Sunday LDC Nom Deadline is noon on the 30th
 PECO-PAGas  250 dth/day Monday - Friday and 230 dth/day Saturday and
Sunday
 PSEG  1696 dth/day LDC Nom Deadline is 10 pm on the 29th
 Etown  23 dth/day LDC Nom Deadline is noon on the
29th
 NJN  7528 dth/day LDC Nom Deadline is 12:30 est on
the 30th

CNG - PA gas for PECO /day  (If we have a problem flowing this much,
please let me know as soon as possible so we can buy delivered gas to PECO's
gate from one of the other suppliers)

Transco
 LILCO  382 dth/day    (capacity release is also for
382) LDC Nom Deadline is noon on the 27th
 PSEG  189 dth/day LDC Nom Deadline is 10 pm on the
29th
 S Jersey  113 dth/day Transco nom must show Enduser # 012224 to
be confirmed- LDC Deadline is 12:30 on the 30th
 Piedmont 1113 dth/day LDC Nom Deadline was 10:30 est on
the 22nd - just need activity number now
 PSNC  190 dth/day (CES will get the capacity release for
this from PSNC)
   The supply will be from PSNC's pool #7620 (this is
their station 85 pool)

Texas Gas
 DP&L  1298 dth/day  LDC Nom Deadline is
12:30 est on the 30th
 CG&E  1550 dth/day LDC Nom Deadline is 12:30 on
the 30th - note this can be served off TGT


Please note that your employees have suggested the following people to
complete a feedback form on their behalf.  You will need to access the
Performance Management System (PEP) to either approve or decline these
suggested reviewers.  Once you have approved the suggested reviewers they
will be notified and can begin completing the feedback form.

Your list of employees that have suggested reviewers are listed below:

Date suggested: May 19, 2000
Feedback Due Date: Jun 16, 2000

Employee Name: KOLLAROS, ALEXIOS


FYI
----- Forwarded by Dan Lyons/HOU/ECT on 03/23/2001 10:53 AM -----

	Garrick Hill
	03/21/2001 06:17 PM

		 To: Charles Ward/Corp/Enron@ENRON, Dan Lyons/HOU/ECT@ECT
		 cc: Christopher Coffman/Corp/Enron@Enron, Dan Lyons/HOU/ECT@ECT
		 Subject: Steve Tick's Restructuring Proposal

Steve Tick's PPA restructuring proposal (which we now refer to as the "ten
points of light") is generally as follows:

The partnership agrees to amend the interest rate adjustment to capacity
charges, which effectively lowers capacity revenue by virtue of a lower
$/kW-mo. charge.  Per Steve, the modified adjustment should take into account
plant capacity, use of the term vs. construction loan amount and a 1.00 vs.
1.25 coverage ratio.  Steve also advocates that the loan balance be reduced
for the development fee collected by Tenaska at close; I wouldn't go there,
as Steve has told me on a number of occasions that Brazos doesn't know about
this fee.

The partnership agrees to change how the capacity rate is applied (he
advocates charging the new capacity rate on 240 MW and charging 50% of the
new capacity rate on the next 23 MW), which effectively lowers capacity
revenue by virtue of fewer billing determinants.

Steve's view is that items 1 and 2 need to amount to at least $3.5 MM in
savings to Brazos per year; more is better, >$5.0 MM is a slam dunk

The effects of items 1 and 2 are mitigated by (a) collecting a higher
capacity rate for some period of time after 2019 and (2) adjusting energy
rates through 2006 to recapture marginal energy losses.  Steve's advice on
these point is that we shouldn't be pigs.  As I think you know, our exposure
on point (b) is greatest when the plant runs at higher levels of capacity,
which causes us to consume more than 45,000 Dth/day without adequate
compensation through the PPA.

Brazos purchases the development site for $x (he likes to use $15 MM, which I
think is a stretch).  Steve understands that we have a $7.5 MM termination
payment obligation back to the original Tenaska IV partners to the extent we
wish to convey the development assets, but believes Tenaska, Inc. would be
willing to assume all or a portion of this commitment in exchange for an
agreement w/Brazos that totally eliminates its officers' liability on fraud.
Steve appears to believe this risk is real, or he wouldn't make such a big
deal out of it.  He points to the use of the 1.25 coverage assumption in the
interest rate adjustment as clear evidence that Brazos made decisions based
on an assumption that the Tenaska partners would earn only a reasonable
risk-adjusted return on this project.  Even Merrill Lynch, Brazos' financial
advisor, bought off on this provision of the agreement.  Steve is willing to
go to bat with both Brazos and Tenaska on this point to see this to
resolution.  To the extent he's successful and we receive, for example, $10
MM for the development assets, this would be an immediate offset to the
capacity payment reductions set out under items 1 and 2.

The partnership converts the facility to EWG and, per Steve, shares the
benefits with Brazos.  My view is that this could just as easily be done by
adjusting the heat rates used for tolling purposes (i.e., after 2006 and, to
the extent applied in the energy pricing used to address his item 3, through
2006).

The partnership removes distilled water equipment and sells it in the
market.  Steve thinks proceeds realized from the sale should be (a) shared
(up to 100%) with Brazos or (b) used to purchase replacement blades that
could be installed during the May outage to prevent summer downtime
(obviously, timing is a key issue here).

Brazos is granted the right to further reduce its contract payment
obligations in ways that are similar to its Apache demand charge buy-out.
This is a Steve Tick soap-box item; he uses it as an opportunity to remind
Brazos that other value has been created during the facilitation process.

Steve speaks to project-level debt restructuring, and suggests that Brazos be
granted the right to affect this restructuring within parameters that are set
by the partnership.  I don't know what to do with this, but to say that I
believe there is value to restructuring debt at the project-level with
existing lenders in a way that leaves existing swaps in place.  Inasmuch as
we have always planned to take on structurally subordinated debt obligations,
there is borrowing capacity at the project level.  Since we would need to go
to the banks for consents on any of the PPA/structural changes advocated by
Steve, it would appear to make sense to tackle debt restructuring on the same
pass.  The banks would love a solution that puts the disputes to rest and
should be willing to both consent and lend against the cash flow of the
restructured project.  CoBank, who has $70 MM of the project debt (which
amortizes beginning in 2012), is one of the banks in the total return swap
with KBC by virtue of syndication.

Steve also advocates what he refers to as "equitable adjustments".  In
effect, he would establish a market index against which the all-in PPA price
could be compared, and would have Brazos pay a premium over it's PPA price to
the extent the market price floats above the PPA price.  I think this is an
interesting concept, but we can't count on value here.  More importantly, I'm
not aware of a transparent enough price to make this work in ERCOT.

Finally, Steve advocates turning management of the project over to Brazos in
return for a "hell or high water" commitment on capacity payments.

Steve's view is that the "hell or high water" commitment, together with the
settlement itself, makes PPE's partnership interests more marketable.  I'm
not sure we agree with his view of the risks relative to the overall
liquidity of our interests.  However, we need to recognize that he's working
with substantially more information than we are at this point from the
perspective of what he knows about Brazos' side of the case.

My reaction is that there are things we can work with in Steve's proposal.
Chris and I are looking at the pricing/cost offset details more closely, and
should have something to discuss shortly.

Dan, sorry I missed you yesterday.  Let me know when you'd like to place the
call to Tom Moore to update him on the current activity.  Also, do you have a
sense yet for who we'll be working with on this internally?

Happy Trails...

Rick


Kevin,

You have full charge.  Thanks for volunteering.

Liz

Kevin G Moore
04/06/2000 07:50 AM
To: Barbara Lewis/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Frances
Ortiz/HOU/ECT@ECT, Liz M Taylor/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT,
Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: Copy Room

To Whom It May Concern :

I would like to know who will be responsible for keeping up with
the copy room near my area.  EB32 Copy Room1
I am aware that this is something that must be decided by
whoever is in charge however , I would like to participate in keeping this
room operational.
Please note that I use this room more often than anyone else
and I pay more attention to what is needed there on a daily basis.

I am not asking for full charge over the room but I would like to assist
whereby , it will always be operational .

                                                     Thanks
                                                   Kevin Moore


Mr. Titman:
I have not heard back from Professor Ronn, so I am not sure as of now whether
or not I can meet with him.  I will give him another call today to see if he
is available.  Thanks
Ben


Thanks Mary.  This info is very helpful as usual.  We're working through the issues with Scott and hope to come to a conclusion on the best course of action in the next few weeks.  As a side note, the NOx credits last traded over $30,000.  In your opinion is there a price level where the state may come in and suspend the need for ERCs?  Or are they used as a disincentive to folks trying to build merchant plants?
Thanks again,
Trevor

 -----Original Message-----
From: 	Schoen, Mary
Sent:	Wednesday, September 19, 2001 9:52 AM
To:	Taylor, Michael E; Woods, Trevor
Cc:	Jacobson, Lisa; Keeler, Jeff; Phillips, Marc
Subject:	GA ENA Emissions Management Issues

Michael/Trevor - sorry to be responding so late ...my e-mail sending capabilities were out until late yesterday.

If EMA is to manage the emissions issues for a new Enron plant in Georgia starting in 2004, it will not only have to procure offsets. but also insure that the plant has adequate NOx allowances to cover its summer ozone emissions.

1.  Emission Reduction Credit Issues:

Atlanta and surrounding areas are designated as serious nonattainment.  Clark County (which is several counties east of Atlanta) is designated as an attainment area.  However, Clark County has been found to contribute to nonattainment in other areas (it is an upwind contributor) and as a result there are special permitting requirements in this area.  100 tons per year qualifies a source as "major" which means BACT is required and an offset ratio of 1.1:1 is enforced.  Another requirement is an Alternative Siting Analysis.  This condition puts a burden on the applicant of demonstrating that the benefits of the project will greatly outweigh any costs imposed by the project (including environmental costs).  We've heard from a locat permitter that obtaining offsets would be difficult and that a recent exchange of offsets took place at $10,000 per ton.  A 500 MW combined cycle would probably require around 185 tons of offsets or more depending on the specifics.

2.  NOx SIP Call Allowances:

Only the fine grid portion of GA is included in the SIP Call.  This does include Clark County.  Barring in changes or new challenges to the SIP Call, GA will have to have a program in place starting May 31, 2004.  Because GA's budget was changed with the Court ruling on the fine/course grid modeling back in January 2001, GA has yet to submit a SIP to the USEPA.  We are poking around to see if we can find a draft, so we have a better understanding of GA's new source provisions.

3.  Permitting Uncertainties:

One thing you should be aware of before procuring offsets for this project, is that GA like some other states recently, has placed a moritorium on issuing new permits for merchant plants.  I know Scott Churbock has been very involved in the state and has been negotiating with local permitters for some time.  You may just want to clarify who takes the risk of the cost of these offsets if the project is not ultimately approved.

Please let me know if you have any questions, and I will pass along new info. as we receive it.

Mary Schoen
415.782.7803


eSource presents Lexis-Nexis training

ADVANCED

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

Attend our Lexis-Nexis Advanced Clinic:

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

PUBLIC RECORDS

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

Attend our Lexis-Nexis Public Records Clinic:

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

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

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

http://esource.enron.com


in order to counter offer, you must have had an offer.  if you remember, you
offered me a lesser trade than that already

my counter offer is 4,7,10 for your 2, 8

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 08/14/2000 11:13:52 AM
To: "'Eric Bass'" <Eric.Bass@enron.com>
cc:
Subject: RE: Redraw?

Eric,

I have done some investigating and here is the counter offer I am willing to
do.

I will trade you my 2 and 14 for you 3 and 5.  Let me know what you want to
do.

Ramiro would like to trade you his 13 for your 15 and 16.

Jason Bass
TSE
Compaq Computer Corporation

 -----Original Message-----
From:  Eric Bass [mailto:Eric.Bass@enron.com]
Sent: Monday, August 14, 2000 8:21 AM
To: Bass, Jason; Phillip M Love; Bryan Hull; David Baumbach;
lqcolombo@aol.com; Michael Walters; Matthew Lenhart; Harry Bucalo; Gary W
Lamphier; Steve Venturatos
Subject: Redraw?

I am taking a vote on if we need to redraw the draft order.  Some, have said
that it is not fair for Steve to be handed the 6th slot.  Let me know what
you
think.

-Eric


From astrology.com (must I beware of overindulgence in such websites?)
I like the part about charm and charisma and think it is very true.

Sagittarius and Sagittarius
When two Sagittarians join together in a love match, the truth-loving natures
makes theirs a near perfect relationship. This couple views the world around
them with an educated eye and both share an intense hunger for more
knowledge. They will engage one another in pleasant conversation and
banter that challenges and tickles the mind.  An occasional hotheaded dispute
can erupt in the Sagittarius-Sagittarius relationship, when one fact-fanatic
Sag
partner carries things a little too far. Easygoing and independent, these two
are
compatible when it comes to balancing personal interests. They've never known
jealousy, and each partner keeps busy with personal projects when not with
their
lover. When they are together, however, they do all they can toward pleasing
their partner and satiating common interests.  Although they are adaptable
and
modern, they can, at times, fly off the handle. However, it is not in the
Archer's
nature to hold a grudge or let disagreements fester very long.

Sagittarius is ruled by the Planet Jupiter (Luck). Expansion is the key word
here;
as both partners enjoy the acquisition of knowledge, they will carry over
exciting
ideas into their relationship. They must be mindful of over-indulgences, as
such
gluttony will only distract them. Their charm and charisma make them a very
pleasant couple not only to one another, but the entire crowd.


Tana Jones
	11/07/2000 02:23 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT,
Harry M Collins/HOU/ECT@ECT, David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Marie Heard/Enron Communications@Enron Communications, Robbi Rossi/Enron
Communications@Enron Communications, John Viverito/Corp/Enron@Enron, Jane
McBride/AP/Enron@Enron, Andrea Calo/SA/Enron@Enron
		 cc: Bradley Diebner/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Edward
Sacks/Corp/Enron@Enron, Karen Lambert/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT,
Stephanie Sever/HOU/ECT@ECT
		 Subject: RUSH Approval - ANP Power Marketing Company

The above counterparty should be coming on tonight's list.  We would like to
open them for gas ASAP, and Credit is reviewing the financials now to give
them some headroom on power.  If you could let me know ASAP whether you have
any issues.


Election was $2400. Paid to date is $784 and I have an additional $712 to
submit. Hopefully they will pay even though the insurance declined to cover
it. So, that leaves a balance of $904 and we will owe Sharon $200 or so by
the end of this month. Depending on what happens after that we might have
another $250 or so from Sharon by the last of December. Best guess, $500 or
so we need to cover somewhere.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Monday, October 16, 2000 1:49 PM
To: nmann@erac.com
Subject: Re: reimbursement

Does that take into account that more money may be going into the spending
account?  I think we have a total of $2500 allocated for the year.  My
records indicate that I've put in $1900 as of my last paycheck.

Love,

Kay

"Neil Mann" <nmann@erac.com> on 10/16/2000 01:08:08 PM

Please respond to <nmann@erac.com>

To:   "C. Kay Mann (E-mail)" <Kay.Mann@Enron.com>
cc:

Subject:  reimbursement

I just received the EOBs back on Sharon Seals. They will not pay. If the
reimbusement account pays it will leave about $900.00 in the account. I
will
try to get the form completed tonight and in the mail tomorrow.
NM


Enron AVAYA (formally Lucent Technologies) PBX & VoiceMail Outage for Enron
Center South Conversion

Due to the outstanding efforts of our ENRON and AVAYA teams, we were able to
complete both Phase I and Phase II of the project this past weekend.  There
will be NO PHASE II TELEPHONE OUTAGE scheduled for this weekend.

Thank you for your cooperation.

==========================================================

Systems:
Enron Downtown Houston AVAYA Telephone & VoiceMail Systems

Affected Users:
All Enron Houston Downtown Telephone and VoiceMail Users

System Outage Duration: PHASE II
Enron Building, 500/600 Jefferson and Pennzoil April 6, 2001, 10:00PM - April
7, 2001, 4:00AM

Summary:

PHASE II  April 6, 2001

Enron Building, 500 Jefferson, 600 Jefferson and Pennzoil Enron telephone
systems, including ALL voicemail users, will be totally out of service
beginning Friday evening, April 6th.  The outage will begin at 10:00 PM on
Friday evening. The systems will be out of service until approximately 4:00
AM, Saturday morning, April 7th.


Steve,

I contacted Jane's ex-husband, Doug Smith, and he sent me an e-mail message
from Jane containing her e-mail address and phone numbers.

Entergy e:mail:     Jane.Wilson@entergy.co.uk
Work number:        4420-7337-8327
Mobile:             44-7730-803-030

He said that in about two weeks, Jane will be here in Houston to attend
several training classes.

Doug also asked me to pass along a message to you, and I said that I would.
He lost his job in the recent layoffs at Compaq, and he wants to know if
Enron could use his talents.  He has an MBA from Harvard.  In the first two
months that he worked for Compaq, he identified $10 million in savings to the
company, and before he left, identified another $70 million in savings.  His
home telephone number is 281-345-4903, and his e-mail address is
djs400@cs.com .

Thank you,
Rubena

---------------------- Forwarded by Rubena Buerger/ENRON_DEVELOPMENT on
07/10/2001 04:09 PM ---------------------------

"DOUG SMITH" <DJS50@HOUSTON.RR.COM> on 07/10/2001 03:16:32 PM
Please respond to <DJS50@HOUSTON.RR.COM>
To: <rubena.buerger@enron.com>
Subject: FW: New Contact Information

-----Original Message-----
From: Jane.Wilson@enron.com [mailto:Jane.Wilson@enron.com]
Sent: Tuesday, July 10, 2001 8:35 PM
To: meta@pop3.ptt.yu; lainie_cline@hotmail.com; susan.w.colchin@jci.com;
bsdusa@hotmail.com; mdahlke1@excite.com; mbe1733@insync.net;
J3NG@aol.com; agelotti@hotmail.com; pgelotti@hotmail.com;
carol.gross@agedwards.com; rhhoch@webtv.com;
sherrie.rutherford@fuse.net; rocsbmot@del6.vsnl.net.in;
mpcl@bom5.vsnl.net.in; mjannas@entergy.com; amit@jsalaw.com;
sara_jr99@yahoo.com; rleconey@ix.netcom.com; vmkengage@hotmail.com;
robertomaz@aol.com; Annabel_McGregor@hotmail.com; ewmead@juno.com;
dredre362@yahoo.com; davidmerrill43@hotmail.com; Larry.Morse@enron.com;
mko@hnra.com; maryhelenphillips@usa.net; srutherford@cinergy.com;
bschmolt@juno.com; junglman@africaonline.co.zw; drewis62@hotmail.com;
djs50@houston.rr.com; ergind@vsnl.com; tspaight@ASSETTRUST.com;
btrevin@entergy.com; robert.valente@hill-assoc.com;
John.Wilson@disney.com; HOMEMGT@aol.com; aninek@suddath-intl.com
Subject: New Contact Information

Please take note of the following new contact information in the UK:

Entergy e:mail:     Jane.Wilson@entergy.co.uk
Work number:        4420-7337-8327
Mobile:             44-7730-803-030


Dear peter,

Right now, selected Legend Airlines flights are 10% off.
Legend has become the stuff of legends for offering you
the luxuries of first class at coach prices. Perks include a
private executive terminal at Dallas Love Field, reclining
leather seats in spacious two-by-two rows, and celebrity
chef-crafted meals served on china. Book by December 15,
2000.
http://redir.cq0.net/r/default.asp?R=00000844c000307e7

************************************************************
TRAVEL NEWS
************************************************************

Every week, we bring you the latest fare sales and travel
updates so you can make exactly the right travel choices.

America West: As low as $68 roundtrip, $298 coast to coast
All America West flights are on sale, for travel from
December 11 through March 1. Fly to the ski slopes, the
other coast, or the beach in Mexico. Don't delay --
December 5 is the last day to buy your ticket.
http://redir.cq0.net/r/default.asp?R=00000848d000307e7

Fly National Airlines and save
Book now and enjoy great fares: New York to Las Vegas
is just $258, and Miami to L.A. is $288. Book by December 8
for travel December 4 through February 14.
http://redir.cq0.net/r/default.asp?R=00000841d000307e7

Let us fly your family home for the holidays!
Expedia.com and MSN HomeAdvisor want to fly 10 members of
your family home for the holidays. Enter the Holiday Family
Reunion Giveaway by December 12, 2000. Good luck!
http://redir.cq0.net/r/default.asp?R=00000842f000307e7

See what's new in other places:
http://redir.cq0.net/r/default.asp?R=000008850000307e7

************************************************************
YOUR FARETRACKER LOW FARES
************************************************************

The airlines' lowest published fares,* plus the range of
fares found by Expedia.com travelers.**

You can change your Fare Tracker routes at:
http://redir.cq0.net/r/default.asp?R=0000088a5000307e7&qscr=subs

Check out all your route and fare options with our Flight Wizard.
http://redir.cq0.net/r/default.asp?R=000008854000307e7&GOTO=FLIGHTWIZ&rfrr=-70
5&EAPid=8510-1

Visit Airline Fare List to check out published fares on any route.
http://redir.cq0.net/r/default.asp?R=0000088a4000307e7&qscr=fpfl

************************************************************
SPECIAL DEALS
************************************************************

The best offers and promotions at Expedia.com, handpicked
to bring you exciting opportunities and excellent value.

Travelscape.com: Ski Killington, VT for as little as $400
Seven mountains, 31 lifts, and hot nightlife. Includes
airfare, two nights, hotel.
http://redir.cq0.net/r/default.asp?R=00000885c000307e7

Expedia Special Rate: Radisson Resort Acapulco from $79
Private beach, two swimming pools...you,ll never want to
leave.
http://redir.cq0.net/r/default.asp?R=00000885c000307e7

Expedia.com Cruises: Two-day Bahamas cruise as low as $179
Enjoy the beauty of the Bahamas on the &Fun Ship8 Tropicale.
http://redir.cq0.net/r/default.asp?R=00000885c000307e7

Away.com: Journey to Antarctica
Save 25% -- more than $1,800 per person -- on the
December 6 cruise.
http://redir.cq0.net/r/default.asp?R=00000885c000307e7

Looking for more great deals on Expedia.com? See our
Special Deals at:
http://redir.cq0.net/r/default.asp?R=0000088ad000307e7&qscr=spdl

Thank you for traveling with Expedia.com.

Expedia.com Travel Team
Don't just travel. Travel Right.(TM)
http://redir.cq0.net/r/default.asp?R=000008851000307e7

************************************************************
FROM OUR SPONSORS
************************************************************

Earn Five Free Nights at Hyatt or 12,000 Bonus Miles

With Nights After Nights, every eligible night you stay at any Hyatt
worldwide November 15, 2000 - February 28, 2001 can count toward five free
nights at Hyatt or 12,000 bonus miles with a participating airline partner.
For more information, click below.

http://redir.cq0.net/r/default.asp?R=0000088a6000307e7&url=http://www%2Egoldpa
ssport%2Ecom/nan7%2Easp%3Fadkey%3Dn7exb&image=http://ads%2Emsn%2Ecom/ads/EXPFT
R/001182480089_LG%2Egif

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

*The airlines' lowest published fares are the lowest
roundtrip fares published by the airlines for your routes.
These fares may not be available on the days you wish to
travel. Our Fare Calendar shows you when these fares are
available. To use Fare Calendar, click the link below:
http://redir.cq0.net/r/default.asp?R=000008855000307e7&qscr=ftap

**The range of recent fare prices found by Expedia.com
customers -- the lowest and highest fares found for your
routes -- can help you determine the ideal price for your route.

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

All Prices are quoted in U.S. Dollars.

You are receiving this e-mail because you are a registered
member of Expedia.com.

Questions?
Visit the Expedia.com Customer Support Center at:
http://redir.cq0.net/r/default.asp?R=0000088ae000307e7

If you do not wish to receive any further e-mails from us,
please reply to this mail with "unsubscribe" in the subject
line.

Sorry, but we can't reply to responses to Fare Tracker.
If you have questions or want to give feedback, please
go to:
http://redir.cq0.net/r/default.asp?R=000008859000307e7&qscr=comt&Calr=

(c) 1998, 1999, 2000 Expedia, Inc. All rights reserved

This email was sent to:  pkeavey@ect.enron.com


Molly and I discovered that CES has about 1400 dt of Texas Gas Zone SL to Z4
capacity each month.  Dayton releases this capacity to CES each month.  We
have been using this capacity since Jan 1 to serve the CES Zone 4 markets.
According to Steve, the primary path on this capacity is Zone SL to Dayton's
meter in Zone 4.

I have been pricing all the Texas Gas Zone 4 at IF CNG App.  I believe we
need to add a Texas Gas Zone SL IF  and make the premium $.01.

I have not brought this to CES's attention.  They will eventually catch it
because we have been billing CES the transport demand charge.


Please find attached a clean copy version and a red-lined version of the
Talking Points in Word Perfect.  Please let us know if you need them
converted to Word.  Thank you.

 - CALITIGone.wpd
 - CalitigRED.wpd


Do any of you have any problems with keeping these trades as they are now that we've figured out what they are.  If not we'll just keep them as they were...
 -----Original Message-----
From: 	Mulvany, Patrick
Sent:	Tuesday, October 23, 2001 2:47 PM
To:	Jones, Tana
Cc:	Anderson, Diane; Bradford, William S.; Brackett, Debbie R.
Subject:	RE: Riskmantra vs. EGM

Tana,

These deals are purely for storage.  They used tagg to capture the value of storing the physical gas.  Pat Ryder in Risk Management put these deals in and has told me they are used for value and should be "Not to be Confirmed."  If you see no issue, I will simply change their status to "Not to be Confirmed."  If their status of being under EGM is still a problem, Pat said you could call him at 5-3313.

Thanks,

Patrick

 -----Original Message-----
From: 	Jones, Tana
Sent:	Friday, October 19, 2001 6:34 PM
To:	Bradford, William S.; Mulvany, Patrick; Brackett, Debbie R.
Cc:	Anderson, Diane; Moran, Tom
Subject:	RE: Riskmantra vs. EGM

Patrick,

Can we track down who/how these trades are getting entered into the system?  Is there someone entering the trades into the system?  Is this just an old counterparty/book set up in GCP that needs to get renamed.  Legal (me) has no idea why trades are being done out of EGM.  Can we find out who is doing them?

 -----Original Message-----
From: 	Bradford, William S.
Sent:	Friday, October 19, 2001 3:58 PM
To:	Mulvany, Patrick; Jones, Tana; Brackett, Debbie R.
Cc:	Anderson, Diane; Moran, Tom
Subject:	RE: Riskmantra vs. EGM

I think this refers to gas daily trades between Risk Management and Trade (which is an Enron entity set up for state tax reasons) and EGM (which may be a company code for Enron North America Corp. formerly known as Enron Gas Marketing, Inc.).  If this is the case, we should document them under the Master between ENA and RMT.  However, this is up to Legal.

Bill

 -----Original Message-----
From: 	Mulvany, Patrick
Sent:	Friday, October 19, 2001 3:48 PM
To:	Jones, Tana; Brackett, Debbie R.; Bradford, William S.
Cc:	Anderson, Diane
Subject:	FW: Riskmantra vs. EGM

Here is a list of all the trades with EGM.

Thanks,

Patrick
Financial Confirmations
53877

 << File: export.csv >>

 -----Original Message-----
From: 	Jones, Tana
Sent:	Friday, October 19, 2001 12:36 PM
To:	Mulvany, Patrick; Anderson, Diane
Subject:	FW: Riskmantra vs. EGM

I also got an email back from Bill Bradford, head of Credit that siad this doesn't make sense.  Maybe you need to prepare a print out of the trades and send to debbie, me & bill.
 -----Original Message-----
From: 	Brackett, Debbie R.
Sent:	Friday, October 19, 2001 9:28 AM
To:	Jones, Tana
Subject:	RE: Riskmantra vs. EGM

	No idea. EGM doesn't exist.

 -----Original Message-----
From: 	Jones, Tana
Sent:	Thursday, October 18, 2001 6:42 PM
To:	Brackett, Debbie R.; Bradford, William S.; Campbell, Lesli; Conwell, Wendy; Espinoza, Veronica; Johnson, Rudwell; Lebrocq, Wendi; Mendoza, Nidia; Moran, Tom; Ngo, Tracy; Radous, Paul; Rohauer, Tanya; Sacks, Edward; Vanek, Darren; Williams, Jason R (Credit)
Cc:	Mulvany, Patrick
Subject:	FW: Riskmantra vs. EGM

Does anyone in Credit know the answer to this question, as I don't?
 -----Original Message-----
From: 	Mulvany, Patrick
Sent:	Thursday, October 18, 2001 5:52 PM
To:	Jones, Tana
Cc:	Anderson, Diane
Subject:	FW: Riskmantra vs. EGM

Tana,

I was just following about these trades.

 -----Original Message-----
From: 	Mulvany, Patrick
Sent:	Wednesday, October 10, 2001 5:36 PM
To:	Jones, Tana
Cc:	Anderson, Diane
Subject:	Riskmantra vs. EGM

Tana,

There are about 20-30 deals in pending sent to legal status that are Riskmantra vs. EGM.  My question is should we even be doing trades with Enron Gas Marketing.  And if we should, can we set up an ISDA with RMT with an effective date of 9/5/01?

Thanks,

Patrick


Sorry, a fairly basic question.

Background:

We have two legal entities here in Japan, Enron Japan Corp. ("EJC") and Enron
Japan Marketing Corp. ("EJMC").  EJMC is used just for physical trades for
reasons of US tax.

The draft ISDA schedule we are working on lists EJC as the Enron trading
entity.  I am still checking how the lumber, oil and pulp trades will be
settled but even if they are all to be settled physically, at some stage we
may want to do financially settled trades with IBJ in which case EJC will be
the relevant entity.

Question:

If we will be using two Enron trading entities, do we need two ISDAs with the
counterparty?

Thanks.

Jane

----- Forwarded by Jane McBride/AP/Enron on 11/10/2000 10:14 AM -----

	Susan Musch@ENRON_DEVELOPMENT
	11/10/2000 06:31 AM

		 To: Jane McBride/AP/Enron@ENRON
		 cc: Alan Aronowitz/HOU/ECT@ECT@ENRON
		 Subject: Re: IBJ - Products

Jane,

All trades settled physically should go into Enron Japan Marketing Corp.
What kinds of pulp, oil or lumber trades are we looking at?  Information on
this would be greatly appreciated.

Best regards,
Susan

P.S.  Had dinner with Heidi Mason while I was in London this week.  It
sounded like the opening was a success!

Jane McBride@ENRON
11/09/2000 03:19 AM
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Alan Aronowitz/HOU/ECT@ECT

Subject: IBJ - Products

Dear Susan,

If we were to do any pulp or oil or lumber physical trading in Japan, should
this be done by Enron Japan Corp. or Enron Japan Marketing Corp.  I am not
clear on whether it is only electricity or all physical trading which needs
to go through EJMC.

Thanks.

Jane

----- Forwarded by Jane McBride/AP/Enron on 11/09/2000 06:15 PM -----

	Jane McBride
	11/09/2000 06:16 PM

		 To: Paul.TYO.Davis@BakerNet.com
		 cc: Jeremy.Pitts@BAKERNET.com, Alan Aronowitz/HOU/ECT@ECT
		 Subject: IBJ - Products

Dear Paul,

I have just found out that we will be doing back to back trades for other
Enron companies with IBJ.  IBJ has already been talking with UK and US Enron
entities re pulp, lumber and oil trading but wants to have its ISDA with a
Japanese Enron company so we are negotiating it.

What information do I need to give you so that you can check whether we are
authorized to do such trades?

Jane McBride
Senior Legal Counsel
Enron Japan Corp.

Otemachi 1st Square Bldg.
West 11th Floor
1-5-1 Otemachi, Chiyoda-ku
Tokyo 100-0004
Japan

URL:        www.enron.co.jp

Tel.:       81-3-5219-4500 (Main)
            81-3-5219-4553 (Direct)
Fax:        81-3-5219-4510

Assistant (Maggy Yamanishi)
Tel.:       81-3-5219-4554
Email:      Yo.Yamanishi@enron.com


Tanya:

FYI.  This is the meeting you will be attending for Vince tomorrow.

Thanks!

Shirley

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 09/28/2000
10:09 AM ---------------------------

Dorothy Youngblood
09/28/2000 09:11 AM
To: Karen K Heathman/HOU/ECT@ECT, Jo Corbitt/NA/Enron@Enron, Rita
Hennessy/NA/Enron@Enron, Cherylene R Westbrook/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT, Peggy McCurley/HOU/ECT@ECT, Patti Thompson/HOU/ECT@ECT,
Giselle James/Corp/Enron@ENRON
cc:
Subject: Risk Systems Enhancements Meeting 9/29/00 - 11:30 - 1:00 p.m.EB2868

Ladies,

Good Morning,

Just a reminder of the above referenced meeting will be held tomorrow
9/29/2000 @ 11:30 a.m. - 1:00 p.m.  Lunch will be served.

   ATTENDEES:

   Rick Buy
   Sally Beck
   Philippe Bibi (or representative from his Group)
   Bill Bradford
   Debbie Brackett
   Vince Kaminski (or representative from his Group)
   Ted Murphy
   Beth Perlman
   David Port
   Stephen Stock

Thank you in advance..

Dorothy
3-6114

---------------------- Forwarded by Dorothy Youngblood/HOU/ECT on 09/28/2000
08:37 AM ---------------------------

Dorothy Youngblood
09/21/2000 11:41 AM
To: Karen K Heathman/HOU/ECT@ECT, Jo Corbitt/NA/Enron@Enron, Rita
Hennessy/NA/Enron@Enron, Cherylene R Westbrook/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT, Peggy McCurley/HOU/ECT@ECT, Patti Thompson/HOU/ECT@ECT,
Giselle James/Corp/Enron@ENRON
cc:
Subject: Risk Systems Enhancements Meeting 9/22/00 - 11:30 - 1:00 p.m.EB2868

Ladies,

Just a quick reminder about the meeting tomorrow.  Lunch will be served -- so
each of your bosses or their representatives will be served.  So they do not
have to worry about bringing their lunches.  YEAH!!!!!

   ATTENDEES:

   Rick Buy
   Sally Beck
   Philippe Bibi (or representative from his Group)
   Bill Bradford
   Debbie Brackett
   Vince Kaminski (or representative from his Group)
   Ted Murphy
   Beth Perlman
   David Port
   Stephen Stock

Please see below:

   MENU

   Blackened  Chicken
   Fettuccine
   Fresh Seasonal Vegetables
   Ceasar Salad  w/Assorted Dressings
   Fresh Baked Rolls w/Butter
   Bottled Water
   Assorted Drinks
   Cookies (Assorted)

Thank you very much in advance.

Thanks..dy

---------------------- Forwarded by Dorothy Youngblood/HOU/ECT on 09/21/2000
10:59 AM ---------------------------

Dorothy Youngblood
09/19/2000 12:52 PM
To: Karen K Heathman/HOU/ECT@ECT, Jo Corbitt/NA/Enron@Enron, Rita
Hennessy/NA/Enron@Enron, Cherylene R Westbrook/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT, Peggy McCurley/HOU/ECT@ECT, Patti Thompson/HOU/ECT@ECT,
Giselle James/Corp/Enron@ENRON
cc:
Subject: Risk Systems Enhancements Meeting

Ladies

Rick Buy would like to have the above meeting on a weekly basis.  Debbie
Brackett asked that I send an email to invite your bosses.  The meeting will
be from 11:30 a.m. - 1:00 p.m.  This meeting will be held each Friday - room
EB2868 for the rest of the year.

   Attendees:

   Rick Buy
   Bill Bradford
   Debbie Brackett
   Philippe Bibi
   Ted Murphy
   David Port
   Stephen Stock
   Vince Kaminski
   Beth Perlman
   Sally Beck

Thank you

Dorothy
3-6114
---------------------- Forwarded by Dorothy Youngblood/HOU/ECT on 09/19/2000
12:29 PM ---------------------------

From:  Debbie R Brackett
       09/11/2000 10:09 AM

To: Dorothy Youngblood/HOU/ECT@ECT
cc:
Subject: RAC IT Improvement Projects

---------------------- Forwarded by Debbie R Brackett/HOU/ECT on 09/11/2000
10:09 AM ---------------------------

	Rick Buy @ ENRON
	09/07/2000 04:35 PM

Sent by: Jo Corbitt@ENRON
To: Sally Beck/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Debbie R
Brackett/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Mike
Jordan/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT
cc: John J Lavorato/Corp/Enron@Enron, Mike McConnell/HOU/ECT@ECT, John
Sherriff/LON/ECT@ECT
Subject: RAC IT Improvement Projects


----- Forwarded by Sara Shackleton/HOU/ECT on 08/04/2000 02:00 PM -----

	Rogelio L?pez Velarde <rlopezv@lvha.com.mx>
	08/04/2000 02:52 PM
	Please respond to Rogelio L?pez Velarde

		 To: "Sara Shackleton" <Sara.Shackleton@enron.com>, "Shari Stack"
<sstack@ect.enron.com>, "Steve Van Hooser" <Steve.Van.Hooser@enron.com>
		 cc:
		 Subject: CRE Resolution Encouraging the Use of Financially Settled Commodity
Derivatives Transactions For Natural Gas Prices .

?

August 4, 2000.

?

?

MEMORANDUM

?

VIA E-MAIL

?

To:????? Steven Van Hooser, Esq.???????????????? ??????????? Enron Capital &
Trade Resources

Shari Stack, Esq.????? ???????????

??????????? Sara Shackleton, Esq.

?

From:? Rogelio L?pez-Velarde

??????????? Sean McCoy

???????????

Re:????? CRE Resolution Encouraging the Use of Financially Settled Commodity
Derivatives Transactions For Natural Gas
Prices? ??????????? ??????????? ??????????? ??????????? ??????????? ??????????
? ? .

?

?

The Energy Regulatory Commission (Comisi?n Reguladora de Energ?a) (&CRE8),
published last Wednesday in the Federal Register a resolution by means of
which the CRE encourages the use of financially settled commodity derivatives
transactions (&Financial Instruments8) to hedge the risk of the natural gas
price variations in Mexico (the &CRE Resolution8). Over-the-counter Financial
Instruments transactions are being enticed by the CRE in light of the surge
of natural gas prices[1]. It is expected that such derivatives market will be
expanded to other type of energy commodities, such as electric power.

?

Essentially, the CRE is encouraging the use of Financial Instruments by
giving a discount of the price index applicable for the month of August, 2000.

?

The CRE Resolution provides in general terms that:

?

1. The Mexican Users[2] that are able to sign a Financial Instrument with
Pemex-Gas y Petroqu?mica B?sica (&PGPB8), or with any third party, before
September 1, 2000, covering commodity prices fluctuations for the period of
September 2000 thru February 2001, will benefit from a factor of at least
0.75, which will be applied to the price of reference (i.e. $3.705 U.S.
Dollars per MMBtu), which results in a price of $2.7788 U.S. Dollars per
MMBtu, only during the month of August, 2000 (the &Discount Factor8).

?

??????????? 2.Mexico,s Local Distribution Companies (&LDCs8), that have
contracted Financial Instruments for their clients, shall passthrough to the
Users the benefits resulting from the Discount Factor, only if such end users
have previously agreed upon the rendering of such services.

?

??????????? 3. Needless to say, the price determination for the period of
September 2000, thru February 2001, will be freely agreed upon between seller
of the Financial Instruments, and the User or the LDC, as the case may be.

?

???????????

??????????????????????? ??????????????????????? ??????????????????????? ??????
????? Very truly yours,

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

?

RLV/JCC/SMC

H:\jcc10\VARIOS\Futuros Gas\MM Futuros Gas.doc

?

?

[1]Domestic natural gas prices in Mexico are indexed to a liquid market in
South Texas. Such index prices have increased in 43% during the period of
May-June 2000, and in 89% from January-June 2000.

[2]As defined in the Natural Gas Regulations, &User8 shall mean either a
marketer or an end user.
 - header.htm


Tana,

Steve Douglas asked that I forward to you the following list that sets forth
those countries with which the United States has entered into income tax
treaties that are currently in effect:

Australia
Austria
Barbados
Belgium
Canada
China
Cyprus
Czech Republic
Denmark
Egypt (United Arab Republic)
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
India
Indonesia
Ireland
Israel
Italy
Jamaica
Japan
Kazakstan
Korea
Latvia
Lithunia
Luxembourg
Mexico
Morocco
Netherlands
New Zealand
Norway
Pakistan
Philippines
Poland
Portugal
Republic of South Africa
Romania
Russian Federation
Slovak Republic
Spain
Sweden
Switzerland
Thailand
Trinidad and Tobago
Tunisia
Turkey
Ukraine
United Kingdom
U.S.S.R.
Venezuela

Please call me at ext. 35777 if you have any questions.

Best regards.