Welcome to The world this week: Politics
A summary of the world's main events from The Economist.
Also available at http://www.economist.com

- - - - - - - - - - - - - - - - - - - - -  IN THE ECONOMIST THIS WEEK -

America's energy policy was wrong before September 11th. Now
it is even more so * Japan's economy  *  The future of American farming
*  Race and poverty in Britain  *  European merger rules  *  Kenya's
dynastic politics  *  The origins of racism  *  Spherical robots * Classical CDs  *

You can read these articles, and many more, in the free area of
Economist.com,
at http://www.economist.com. Subscribers can also read 40 more new articles.

Click here to subscribe:
http://TheEconomist.s.maildart.net/link_15483_6723759_1_79944192_60299072_1_68

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

NO SURRENDER, YET

Al-Qaeda fighters holed up in the Tora Bora area of AFGHANISTAN showed
no sign of surrender, despite punishing American bombing. A new deal
was offered to al-Qaeda diehards: surrender Osama bin Laden and his
close comrades and go free. Some thought Mr bin Laden had fled to
Pakistan.

- - - - - See article: How to keep the peace in Afghanistan
http://TheEconomist.s.maildart.net/link_36746_6723759_1_79944192_60299072_1_6d

France said it was ready to commit troops to a multinational
PEACEKEEPING FORCE in Afghanistan. Britain was set to lead it, although
Tony Blair, Britain's prime minister, said that many details still had
to be resolved.

A Somali militia leader alleged that the al-Qaeda terrorist network was
moving its operations to SOMALIA, a mostly Muslim country in a state of
chaos. American officials said that they were investigating, but played
down the possibility that military strikes were imminent.

John Ashcroft, America's attorney-general, charged a Moroccan-born
Frenchman with conspiring with al-Qaeda to carry out the SEPTEMBER 11TH
TERRORIST ATTACKS. Zacarias Moussaoui, who had undertaken pilot
training in Minnesota, could face trial by a secret military tribunal.

VIOLENCE IN THE MIDDLE EAST

Israel ended all direct contact with YASSER ARAFAT and struck at
Palestinian police stations and other targets after ten Israelis in a
bus had been killed by gunmen near a Jewish settlement in the West
Bank. A Fatah militia group and Hamas both claimed responsibility for
the attack, saying that it was in revenge for recent killings of
Palestinians by Israel's forces. Mr Arafat moved to close down all
Hamas and Islamic Jihad offices.

- - - - - See article: The pushes and pulls on Yasser Arafat
http://TheEconomist.s.maildart.net/link_36745_6723759_1_79944192_60299072_1_6c

SAUDI ARABIA'S interior minister, Prince Nayef, announced that for the
first time identity cards, carrying photographs of their unveiled
faces, would be issued to Saudi women under certain conditions.
Hitherto, a woman has been named only as a dependant on the card of her
father or husband.

Ruud Lubbers, the UN high commissioner for REFUGEES, accused
governments of basing their policies towards the world's 22m refugees
on "fear and mistrust".

Zimbabwe's president, Robert Mugabe, announced that a long-awaited
PRESIDENTIAL ELECTION will be held in March.

YESTERDAY'S TREATY

President George Bush said he would give Russia notice that America
will withdraw from the 1972 ANTI-BALLISTIC MISSILE TREATY. Mr Bush said
the treaty was written in a "different era for a different enemy".

- - - - - See article: George Bush's arms-control hang-ups
http://TheEconomist.s.maildart.net/link_36744_6723759_1_79944192_60299072_1_6b

A presidential commission unanimously backed three recommendations that
would allow young workers to invest part of their SOCIAL SECURITY
contributions in the stockmarket. The decision came as concerns grew
over financing the retirement years of the baby-boom generation. The
chances of action seem slim.

- - - - - See article: Social Security reform, bogged down
http://TheEconomist.s.maildart.net/link_36743_6723759_1_79944192_60299072_1_6a

Police in Los Angeles arrested two leaders of the JEWISH DEFENCE LEAGUE
on charges of trying to blow up a mosque and the office of an
Arab-American congressman.

ITALY RETREATS

Italy's prime minister, Silvio Berlusconi, gave way to his EU partners
and accepted plans for an EU-WIDE ARREST WARRANT. Italy had objected to
the long list of crimes it would cover. Changes in the Italian
constitution will be needed. Mr Berlusconi's Northern League allies
were dismayed, both by the warrant itself (too much foreign meddling)
and by his readiness to yield to EU pressure.

- - - - - See article: Italy oddly at odds with Europe
http://TheEconomist.s.maildart.net/link_36742_6723759_1_79944192_60299072_1_69

In advance of an EU SUMMIT at Laeken, in Belgium, the president of the
European Commission, Romano Prodi, attacked members for agreeing to
plans but then not carrying them out (eg, the proposed "Galileo"
European global-positioning system). EU summits might become mere
high-level talking-shops, he suggested. Become? jeered cynics.

- - - - - See article: Towards a bigger, simpler Europe
http://TheEconomist.s.maildart.net/link_36747_6723759_1_79944192_60299072_1_6e

In BRITAIN, dispute arose over urgings by David Blunkett, the home
secretary, that immigrants should do more to adapt to British ways, and
over a report on some race riots earlier this year, which lamented that
brown and white communities live almost entirely apart. He proposed
more emphasis on the use of English, and a new oath of allegiance for
people seeking naturalisation.

- - - - - See article: Race, nationality and loyalty
http://TheEconomist.s.maildart.net/link_36750_6723759_1_79944192_60299072_1_68

An international tribunal in The Hague indicted SLOBODAN MILOSEVIC for
genocide during the early-1990s civil war in Bosnia. The former
Yugoslav dictator refused to plead, calling the charge a "monstrous
absurdity".

Fourteen British and Dutch plane-spotters who had been held in prison
in GREECE on charges of spying were offered bail.

KILLING IN INDIA

Five gunmen broke into INDIA'S parliament buildings. In the ensuing
battle, they and at least six other people including policemen, though
no MPs, were killed.

- - - - - See article: An attack on India's parliamenthttp://TheEconomist.s.maildart.net/link_36749_6723759_1_79944192_60299072_1_70

One week after a new government was elected in SRI LANKA, bringing the
prospect of peace talks with the separatist Tamil Tigers, the rebels
attacked a police station and an army post killing ten people. Six
Tigers were reported to have been killed.

Nine hereditary rulers of MALAYSIA chose Syed Sirajuddin, the ruler of
Perlis state, as the country's new king for the traditional term of
five years.

Tung Chee-hwa, picked by China to run the former British colony of HONG
KONG, is to run for a second five-year term.

Jiang Zemin became the first Chinese head of state to visit MYANMAR
since the military junta seized power in 1988. China supplies Myanmar
with most of its arms.

CHEESED OFF WITH CHAVEZ

VENEZUELA came to a standstill in a one-day stoppage organised by
private business and backed by labour in protest at decrees issued by
President Hugo Chavez. The president threatened to "turn the screws" on
the opposition.

- - - - - See article: Venezuela's polarised politics
http://TheEconomist.s.maildart.net/link_36748_6723759_1_79944192_60299072_1_6f

ARGENTINA limped on. Domingo Cavallo, the economy minister, said he
would keep his promise to the IMF of a balanced budget next year by
scrapping earlier tax cuts.

- - - - - See article: The IMF pulls its punches with Argentina
http://TheEconomist.s.maildart.net/link_36752_6723759_1_79944192_60299072_1_6a

TRINIDAD AND TOBAGO'S second general election in a year failed to break
a political deadlock. The government and opposition each won 18 seats.
The rival leaders held talks on a possible coalition.

- - - - - See article: Trinidad's tied election
http://TheEconomist.s.maildart.net/link_36751_6723759_1_79944192_60299072_1_69

- - - - - - - - - - - - - - - - - - - - - - - - - -  Out-native the natives -

See our comprehensive Cities Guide, written by The Economist's own
correspondents. Access concise insider information on major cities and
get the essential facts, news briefings, our pick of hotels, restaurants
and things to do, weather forecasts, street maps and currency
converters. Prepare yourself for your next business trip:
http://TheEconomist.s.maildart.net/link_36103_6723759_1_79944192_60299072_1_60

- - - - - - - - - - - - - - - Access all the E+ articles in this newsletter -

Subscribe to receive unlimited access to 40 or more premium articles
each week from The Economist magazine and full access to our paid
archive of over 20,000 Economist articles going back to 1997. To enjoy
the complete benefits of a subscription to Economist.com, sign up now
for one full year at US$59, a saving of over 50% on the monthly
subscription rate.
http://TheEconomist.s.maildart.net/link_33467_6723759_1_79944192_60299072_1_6a

- - - - - - - - - - - - - - -  - - - - QUICK LINKS INTO ECONOMIST.COM -

* Global Agenda: http://www.economist.com
* Opinion: http://www.economist.com/opinion
* World: http://www.economist.com/world
* Business: http://www.economist.com/business
* Finance & Economics: http://www.economist.com/finance
* Science & Technology: http://www.economist.com/science
* People: http://www.economist.com/people
* Books & Arts: http://www.economist.com/books
* Markets & Data: http://www.economist.com/markets
* Diversions: http://www.economist.com/diversions
* Surveys: http://www.economist.com/surveys
* Cities Guide: http://www.economist.com/cities
* Country Briefings: http://www.economist.com/countries
* Careers: http://www.economist.com/globalexecutive
* Business Marketplace: http://b2b.economist.com/
* Partner Shops: http://www.economist.com/partners
* Shop: http://www.economist.com/shop
* E-Mail & Mobile Editions: http://www.economist.com/email
* Screensaver: http://www.economist.com/screensaver
* Help: http://www.economist.com/help
* Subscribe now: http://www.economist.com/subscriptions

- - - - - - - - - - - - - - - - - - - - - - - - - - ABOUT THIS E-MAIL -

The world this week: Politics is a summary of the world's main events
from The Economist. You can read these articles, and many more, at
http://www.economist.com

This newsletter is also offered in an easy-to-read HTML format,
complete with colour photos and charts, and links. How to switch: log
in to your account, http://www.economist.com/index.cfm?login=Y, click
on "edit" under "Newsletters", and then chose "HTML".

- - - - - - - - - - - - - - - - - - - - - - - - - -  CUSTOMER SERVICE -

As a registered user of Economist.com, you can sign up for or cancel
the text and HTML versions of this newsletter or change your e-mail
address by amending your details at
http://www.economist.com/members/update.cfm

To stop receiving this newsletter, please visit
http://www.economist.com/members/email.cfm, log in and complete the
form.

If you received this newsletter from a friend and you would like to
have your own free subscription, please go to
http://www.economist.com/members/registration.cfm and fill out the
registration form.

- - - - - - - - - - - - - - - - - - - - - - - - -  - - - -  COPYRIGHT -

This newsletter and all Economist articles, copyright 2001
The Economist Newspaper Limited. All rights reserved.
http://TheEconomist.s.maildart.net/link_15583_6723759_1_79944192_60299072_1_69

Economist.com privacy policy
http://TheEconomist.s.maildart.net/link_15563_6723759_1_79944192_60299072_1_67


---------------------- Forwarded by Steven J Kean/NA/Enron on 04/10/2001
07:34 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Sherri Sera                           04/09/2001 08:31 PM

To:
cc:  (bcc: Steven J Kean/NA/Enron)

Subject: to cheer up the day

A few more...

 - pauserefreshes.jpg
 - niceartlady.jpg
 - noparking.jpg
 - ouch.jpg
 - bad2thebone.jpg
 - raceincentive.jpg
 - rockclimber.jpg
 - sorryflowers.jpg
 - touristattraction.jpg
 - whichwaytogo.jpg


Please see the attached letter to Senator Wyden.  I am also sending a hard
copy by regular mail.


request_number:  IN-BPA:  032
firstname:  Lincoln
lastname:  Wolverton
e-mail:  lwolv@worldaccessnet.com
directed_to:  Peter Burger
Bonneville Power Administration
exhibit_wp-02-e-:  WP-02-E-BPA-76
page_numbers:  3-6
request_text:  Please provide the formula and identify each component
thoroughly in deriving the "Net Revenue Output" columns in
RM_Merged_$210_S2000_LR1500.xls.
contact_name:  Linc Wolverton
contact_address:  East Fork Economics
P.O. Box 620
35011 North Fork Rd.
La Center, WA  98629

contact_phone:  360-263-3675
contact_email:  lwolv@worldaccessnet.com
contact_fax:  360-263-3675
delivery_instructions:  Data Responses will be picked up by courier:  call
Linda Vitale of Davison Van Cleve, P.C. at 503-241-7242.

The following information is from the web server:
1.  Logon: PSP-TEN
2.  Remote Host:  63.230.164.97
3.  Remote IP Address:  63.230.164.97
4.  Form URL:
https://secure.bpa.gov/power/secure/psp/ratecase/discovery/wp_02_request.html
5.  Browser Client:  Mozilla/4.73 [en]C-DIAL  (Win98; U)


Thanks!  We will be in town on December 8th.  We are going to try to visit
some reception sites and see everybody.  I don't know exactly how, but we
are going to try.  Diane can probably update you with more details as it
gets closer.

I want to look at some places near Katy.  I am going to try to look at the
Equestrian Center and maybe the Cinco Ranch Country Club (if it lets
non-members use their facility).  I am going to try to have a all-in-one
place.  Ceremony and Reception.  But I may have to find a church.  Who
knows right now?

Hopefully we will see you soon.  I want to see ERIN!!!  Tell Pat that I
said "HI".    Nicole

"Kuykendall, Tori" <Tori.Kuykendall@ENRON.com> on 11/26/2001 10:39:40 AM

To:   "Nicole L Pritula" <i00nlp@FDS.com>
cc:

Subject:  RE: Our tree trimming storey.....

CONGRATULATIONS!!!!    I'm all teary eyed!  I knew you picked a good
one!!

-----Original Message-----
From: Nicole L Pritula [mailto:i00nlp@FDS.com]
Sent: Monday, November 26, 2001 9:27 AM
To: Kuykendall, Tori
Subject: Our tree trimming storey.....

Bryan and I decided to start putting up the Christmas decorations this
week.  Sunday, we got the tree out of the closet and set that up in the
living room.  Our plan was to do a little bit every night.  By
Thanksgiving, we would have a beautifully decorated house.  On Monday,
Bryan put the lights on the tree.  Then I started unwrapping some of the
ornaments.... just to look at them.  Well, after I unwrapped *all* of
the
ornaments, we decided to finish trimming the tree.  Bryan was hanging
back
and letting me do most of the decorating.  Though I did notice that one
of
the first ornaments that he put on the tree was my heart shaped Nicole
ornament.  After we finished, we sat in the glow of the big bulb lights
and
admired our tree.  That was when Bryan informed me that I did not find
my
NEW ornament.  He had put something new on one of the trees.  (we have a
charlie brown tree in the bedroom and the big tree in the living room.)
I
could not find anything new on the charlie brown tree so I moved to the
big
tree.

After surveying the big tree for a few moments, the little girl in me
said,
"Look for a ring, look for a ring".  But the practical side of me said,
"Find the ornament".  Well, just about then I found a beautiful diamond
ring hanging from the heart shaped Nicole ornament.  My engagement ring
had
been on the tree the entire time.  I was so focused on the decorating
that
I never saw it.  Bryan has since been teasing me that any other woman
would
have known right away that there was a diamond ring on the tree.

I am very happy and excited to tell everyone that Bryan and I are
engaged
to be married.  We do not have a date, time, place or even a ctiy yet.
I
just couldn't wait to tell everyone.  I know that I will be wearing a
big
smile for a long, long time!

Happy Holidays, Nicole

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


Thanks Vince.

I have contacted him and have given him your phone number.

He will attempt to contact you Thursady or Friday.

Good luck.

Vince J Kaminski
10/24/2000 03:59 PM
To: Lloyd Will/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: RE: opportunities

Lloyd,

Yes, I would be very interested.

Vince

Lloyd Will
10/24/2000 02:45 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: RE: opportunities

Vince would you be interested in this professional.

I would be glad to facilitate a conference call.

Thanks.
---------------------- Forwarded by Lloyd Will/HOU/ECT on 10/24/2000 02:43 PM
---------------------------

"Sheble, G.B." <gsheble@iastate.edu> on 10/17/2000 04:52:57 PM
To: "'Lloyd.Will@enron.com'" <Lloyd.Will@enron.com>
cc:
Subject: RE: opportunities

Loyd

I tried to call yesterday, but you were out of the office.  My schedule
follows, would you want to pick a time for me to call you or send me a list
of times to pick?

Gerry

Fall 2000 Teaching Schedule
EE 553 MTWR 10 -11 AM Curtis Hall 308
ENGR 161 MW 2-4 Howe Hall 2228
Other Commitments
M 11-12 EP&ES
M 1-2 Office Hours
T 12-2 EP&ES Seminar
T 2-3 Office Hours
T 3-4 PSERC
T 5-6  EPRI-DOD
W 11-12 Office Hours
W 4-9 DSM
R 11-12 Office Hours
F 11-12 P&T
F 1-3 CAS
F 3-4 Departmental Meeting

-----Original Message-----
From: Lloyd.Will@enron.com [mailto:Lloyd.Will@enron.com]
Sent: Monday, October 16, 2000 8:00 AM
To: Sheble, G.B.
Subject: RE: opportunities

Give me a call any time to discuss things.

713-853-3383.

Thanks.

"Sheble, G.B." <gsheble@iastate.edu> on 10/15/2000 02:17:02 PM

To:   Lloyd Will/HOU/ECT@ECT
cc:
Subject:  RE: opportunities

Lloyd

I am attaching another resume for your review, please pass it along if
there
is any interest.

I would also like to discuss opportunities with you as I expect to graduate
with my MBA Summer 2001.

Cordially,

Gerry

===================================
Gerald B. Shebl,
Professor, Electrical and Computer Engineering
Director of Complex Adaptive Systems Program
1115 Coover Hall
Ames, Iowa 50011
voice: 515.294.3046
FAX: 515.294.4263
email: gsheble@iastate.edu
web: http://www.ee.iastate.edu/~sheble/
===================================


good morning!

just wondering if you've talked to Gas Daily yet and if you need anything
more from me...also, i'd like to see what you're going to give to them (G.D.)
with regard to facts about the products, EOL, etc...  we'd like to launch the
products on Fri and have the article appear on Mon because the audience
should be bigger than Fri.

fletch


Merry Christmas Everyone!


Jill Grodi
236 E. Lorain
Monroe, MI 48162
jjgrodi@ameritech.net

To Mr. Ken Lay,

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

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

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

Sincerely,

Jill Grodi


Suzanne,

I calculate a total amount due of $1,839,120.46. That is:

	   932,967 gallons @ $0.46396
	1,625,526 gallons @ $0.41700
	1,679,706 gallons @ $0.39200
	   178,500 gallons @ $0.39200

Total	4,416,699 gallons @ $0.416402 average price.

Please confirm.

Thanks,

Paul

 -----Original Message-----
From: 	Clapp, Suzanne B.
Sent:	Monday, November 26, 2001 2:56 PM
To:	Y'barbo, Paul
Cc:	Maltes, Miguel; Tortolero, Elio
Subject:	RE: LPG Cargo - Oct 2001 - ProCaribe

Paul,

The invoices for this lifting were issued with provisional pricing on November 1 and I was assured that payment would be made on the due date of today basis those invoicese.  It has been evident for a while now that the prices for foward months would be going down, but this is the first day I'm hearing that ProCaribe wants revised invoices.

It doesn't need to be said that cash forecasting is very important to Enron at this time and based on previous conversations, I had confirmed to the forecasting group that they would receive the funds today.

The revised invoices will be issued tomorrow.  I need confirmation that the payment of the balance due will be made tomorrow, without fail.  Per my calculations, balance due would be $1,406,580.96 taking into account the $1,000,00.00 payment that was made today.

Please confirm.

Best regards,
Suzanne
 -----Original Message-----
From: 	Y'barbo, Paul
Sent:	Monday, November 26, 2001 2:32 PM
To:	Clapp, Suzanne B.
Cc:	Maltes, Miguel
Subject:	LPG Cargo - Oct 2001 - ProCaribe

Suzanne,

Final pricing for the subject cargo is dependent on Nov-Jan LPG prices. A provisional amount is due today. Please base the provisional amount on a Nov MB price of 35-cents, Dec and Jan MB prices of 32.5-cents. These prices reflect the current market.

Thanks,

Paul


Just a status check....according to Melanie Kinderdine at DOE both Rich Glick
and Gary Falley are actually still writing the Order.  Secretary Richardson
"got out ahead of himself" by announcing the Order before it was drafted.  He
plans to sign and release it tonight.  Melanie will get it to me when it is
written and signed tonight.  Richardson felt he had to get the news out
before tomorrow; thus, why he announced it before it was written.


3:30 - ICE Presentation in EB32C2.

4:00 - Trader's Round Table Meeting in EB3321


Hi Jeff,

Julie Ito can check for you.  Sorry for the inconvenience.

Cheers,

Diane

At 08:47 PM 4/10/01 -0500, you wrote:
>Greetings Diane:
>
>Could you check the work phone for Joseph Brophy.  I've got 408.390.5291 on
>my list of admitees to call and I'm getting the "not a valid number"
>recording.  Thanks a bunch.
>
>Best,
>Jeff


Dear Vince,

Greetings from Boston... In the last year, I've been associated with the
Neptune merchant transmission project... check it out at www.NeptuneRTS.com.
We filed with FERC last week and I'm sending you the Wall Street Journal and
Megawatt Daily articles on it.

Have you seen any good analytical work on merchant transmission? I'm in a
dialogue with Paul Joskow and others on this issue but as always would
appreciate your thoughts.

All the best,

Ed

Edward N. Krapels, PhD
Director
ESAI Power and Gas Services
tel 781 245 2036
cell 617 899 4948
ekrapels@esaibos.com
www.esai.com

 - winmail.dat


Andy Edison is handling

	Michelle Lawless/ENRON@enronXgate
	04/06/2001 03:52 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Lisa Robichaux/ENRON@enronXgate
		 Subject: Service of Process

Please see attached memo.
;
;


Do not know, if she drives we may go off campus.  She likes to go out.  But
may stay here. I will let you know.

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


Please see the attached Management Report for June 19, 2000:

Total  Today Year To Date Life To Date

Number of Transactions  2,248 154,637 159,638
Gross Notional Value $  1,211,911,249 72,788,847,838 74,003,534,411

Revenue from Physical flows to date ($)  4,310,669,750 4,406,421,242

New Counterparties transacting today  3
Counterparties having transacted to date  371

Also attached is the Public Domain Report, containing information which is
intended for use in presentations or reports which will be seen by
individuals outside Enron:

Total Life to Date Transactions   > 159,000, which is > 52 % of Enron,s
current transactions for the month
Average Daily Transactions    > 1,900
Life to Date Notional Value of Transactions > $74 billion
Average Daily Notional Value    = Approximately $1 billion, which is 45% of
Enron,s Notional Volume
Number of Products Offered Each Day  = Approximately 820


ENE: Adjust Historical EPS As Per Restatements; Lower 4Q & 2002 Ests.

*	We adjust Enron's historical EPS for the restatements filed in their
8K published on November 8th.
*	We revise our stand-alone 2002 EPS estimates to $1.50 from $2.15.
We think this could prove conservative, but await further data on Enron's
ongoing performance in their energy trading & marketing business.
*	Enron is currently trading at a relatively large 20% discount to
their implied merger value of $12.40.  We think this spread could contract
as certainty improves over accounting issues, stand-alone earnings power,
and the scope of hurdles to merger completion.

 <<ENE EPS adjustments 11-14-01.pdf>>  <<ENE EPS adjustments 11-14-01.doc>>

Raymond C. Niles
Power/Natural Gas Research
Salomon Smith Barney
(212) 816-2807
ray.niles@ssmb.com

s
ADDITIONAL INFORMATION AVAILABLE UPON REQUEST
Salomon Smith Barney ("SSB"), including its parent, subsidiaries and/or
affiliates ("the Firm"), usually makes a market in the U.S.-traded over the
counter securities recommended in this report and may sell to or buy from
customers, as principal, securities recommended in this report. The Firm or
employees preparing this report may have a position in securities or options
of any company recommended in this report. An employee of the Firm may be a
director of a company recommended in this report. The Firm may perform or
solicit investment banking or other services from any company recommended in
this report.
Securities recommended, offered, or sold by SSB: (i) are not insured by the
Federal Deposit Insurance Corporation; (ii) are not deposits or other
obligations of any insured depository institution (including Citibank); and
(iii) are subject to investment risks, including the possible loss of the
principal amount invested. Although information has been obtained from and
is based upon sources SSB believes to be reliable, we do not guarantee its
accuracy and it may be incomplete or condensed. All opinions and estimates
constitute SSB's judgment as of the date of the report and are subject to
change without notice. This report is for informational purposes only and is
not intended as an offer or solicitation for the purchase or sale of a
security. Investing in non-U.S. securities, including ADRs, by U.S. persons
may entail certain risks. Investors who have received this report may be
prohibited in certain U.S. states from purchasing securities mentioned in
this report from SSB. Please ask your financial consultant for additional
details. This report has been approved for distribution in the United
Kingdom by Salomon Brothers International Limited, which is regulated by the
Securities and Futures Authority. The investments and services contained
herein are not available to private customers in the UK and South Africa.
This report was prepared by SSB and, if distributed in Japan by Nikko
Salomon Smith Barney Limited, is being so distributed under license. This
report is made available in Australia through Salomon Smith Barney Australia
Securities Pty Ltd. (ABN 64 003 114 832), a Licensed Securities Dealer, and
in New Zealand through Salomon Smith Barney New Zealand Limited, a member
firm of the New Zealand Stock Exchange. This report does not take into
account the investment objectives or financial situation of any particular
person. Investors should obtain advice based on their own individual
circumstances before making an investment decision. Salomon Smith Barney
Securities (Proprietary) Limited is incorporated in the Republic of South
Africa (company registration number 2000/025866/07) and its registered
office is at Grosvenor Corner, 195 Jan Smuts Avenue, Rosebank, 2198,
Republic of South Africa. Salomon Smith Barney is a service mark of Salomon
Smith Barney Inc.
? Salomon Smith Barney Inc., 2001. All rights reserved. Any unauthorized
use, duplication or disclosure is prohibited by law and may result in
prosecution.


Davis Blames Crisis On State Republicans
But Democratic controller points at governor
Carla Marinucci, John Wildermuth, Chronicle Political Writers
Sunday, April 1, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/04/01/M
N154353.DTL
Anaheim -- The politics of energy dominated the state Democratic convention
yesterday, as anxious delegates gave a lukewarm reception to embattled Gov.
Gray Davis, who clashed bitterly with party rival, Controller Kathleen
Connell.
Speaking at the Anaheim convention center, where dimmed lights were a
constant reminder of yesterday's Stage 2 alert, Davis blamed California's
energy woes on former Gov. Pete Wilson, Republican lawmakers and the Federal
Energy Regulatory Commission, which, he charged, has failed to regulate
greedy energy firms selling power at "out of control prices."
He insisted that he was not sure rate increases were necessary, refusing to
say whether he would support huge hikes backed by the Public Utilities
Commission last week. He suggested, however, that he favors a system of
tiered electricity pricing.
"These Republicans -- who were so enamored with deregulation just five years
ago -- have become even more enamored with criticizing me as I try to clean
up their mess," the governor said to tepid applause from the 1,900 delegates.
"This deregulation disaster was authored by a Republican legislator,
passed by a Republican Assembly, signed into law by a Republican governor and
implemented with undue haste by a Republican PUC."
But the governor's Republican-bashing was overshadowed politically by an
attack by state Controller Connell, a candidate for Los Angeles mayor -- who
rejected what she called Davis' "finger-pointing" and assailed his handling
of the crisis. The dramatic development demonstrated both deepening rifts
within California's ruling party and the high political stakes of the energy
crisis.
"There will be no excuses for Democrats in this state, because we dominate
state government," Connell said in a convention speech in which she also
outlined proposals to require "power hogs," such as malls, to install their
own microgenerators.
"I spent the past eight years making sure the state had a surplus, and now
I'm seeing it eaten away every day by energy costs. . . . Whatever solution
(the governor) provides must come fast and be shared openly with the people
of California," she said in a dig at Davis, who has been criticized for
moving too cautiously and for resisting disclosure of energy contracts to the
public.
Warning of the costs of "a delay and an incremental approach to an indefinite
problem," she said, "I won't stand by and allow the consumers to pick up the
tab."
DAVIS DEFENDS POLICIES
Asked to respond to Connell's critique, Davis told reporters, "I believe
we've moved at warp speed to address this problem. . . . We've kept the light
on most days."
The governor, who endorsed Connell's opponent, former Assembly Speaker
Antonio Villaraigosa for mayor, then added, "It might be if she's not happy
with that, she can run for governor next time."
Garry South, the governor's senior political adviser, was even more caustic,
lambasting Connell as a party infidel. "This is why Kathleen Connell doesn't
have a friend in all Los Angeles," he said. "She's been picking on the
governor since day one."
"It's all air," he said of her talk. "Not only hot air but a foul wind."
In an interview while campaigning later in the day, Connell toughened her
rhetoric, saying, "The emperor has no more clothes here in California."
"We are well into the fifth month (of the energy crisis) and we have yet to
find any answers from the administration," said Connell, who promised to
release her own detailed solutions to the crisis next week.
Unlike many Democrats at the convention, festooned with "Wilson Did It"
signs, she rejected as "irrelevant" the suggestion by Davis that Republicans
were to blame for California's energy woes.
"Californians are wearying of this finger-pointing and closed-door
negotiations and extended debate," she told The Chronicle. "The public is no
longer going to be patient with us. They're going to hold the governor
accountable when they get the bill."
CONNELL LAGGING IN POLL
Connell, who is forced by term limits to give up her post as controller next
year, has lagged in her campaign to become mayor of Los Angeles. With 10 days
to the election, a recent poll showed her running fourth behind City Attorney
James Hahn, Villaraigosa and businessman Steve Soboroff.
Despite Davis' words and speculation among delegates, Connell denied she was
eyeing the governor's seat for the future. "I'm not looking two or three
years down the line," she said. "But I hope the governor is looking toward an
immediate solution to this problem."
The governor's speech was his first since the PUC announced rate increases of
as much as 46 percent. Davis refused to say whether he would support the
immediate rate increase approved by the PUC but suggested that he would back
a tiered billing system.
"If a rate increase becomes absolutely necessary to keep our lights on and
our economy strong, you can be sure of one thing from this governor," Davis
said. "I'll fight to protect those least able to pay, reward those who
conserve the most and 'motivate' those who are the biggest guzzlers to cut
back."
He later dodged reporters' questions about specifics, repeatedly saying that
within the next two weeks he would release a statement detailing "what, if
any" increases were needed.
"Many advisers from Wall Street are running numbers, and they appear to be
different from the PUC's," he said.
Davis also said he has already done a lot to address the crisis and had "kick
started" construction of new power plants and successfully promoted
conservation programs.
Some of Davis' backers at the convention, watching the squabbling, expressed
concern about some of the governor's tactics.
"People want a leader to lead," said Susan Leal, San Francisco's city
treasurer. "They're looking for someone to come out and take command,
regardless of who started this."
But, she said, Davis is a tough and smart politician, and "people are still
going to be forgiving if (the governor) does something to attack the
problem."
OTHER DEMOCRATS BLAME GOP
Other Democratic Party leaders were also quick to defend Davis and to blame
Republicans.
Terry McAuliffe, chairman of the Democratic National Committee, suggested
that President Bush has ignored California's energy problems because "he's
worried to death about Davis running for president."
California is the world's sixth-biggest economy, McAuliffe noted in an
interview, and Bush "has basically written it off, saying, 'Good luck to you.
You're not getting any help.' "
Art Torres, chairman of the state Democratic Party, said Davis "is attacked
every day by the backbench Republican yahoos in the Legislature" and
predicted that public concern over energy would ebb by next year's election.
"We're looking at issues that are going to transcend the energy issues we see
now," Torres said, such as crime and violence in the schools, economics, the
environment and abortion.
But political analyst Sherry Bebich Jeffee said Connell's criticism was
evidence of a party split and perhaps "the opening salvo in 2002," when Davis
is up for re-election.
Davis's entire party, she said, could be in trouble if voters get fed up with
higher energy bills.
"Do the math," said Jeffee, noting that Democrats hold all but one state
office and control of the both houses of the Legislature. "If you're going to
throw the bums out, the bums in this state are mostly Democrats."
E-mail Carla Marinucci at cmarinucci@sfchronicle.com and John Wildermuth at
jwildermuth@sfchronicle.com.


It worked

DG

"Darnell Moore" <dmoore21@charter.net> on 04/24/2001 09:25:33 PM
To: "Darron Giron" <Darron.C.Giron@enron.com>, "Carlos Giron"
<Cgiron@mindspring.com>, "Kristi Giron" <Kristi.Giron@cfisd.net>, "Yvonne
Haynes" <Yhaynes@mindspring.com>
cc:
Subject:

Just seeing if I entered addresses correctly.  MOM


Reservation status has changed. Details of the reservation are listed below:
ASSIGNMENT_REF = 28598
SELLER_CODE = AZPS
SELLER_DUNS = 958982563
CUSTOMER_CODE = EPMI
CUSTOMER_DUNS = 848921276
AFFILIATE_FLAG = 0
PATH_NAME = W/AZPS/AZPS-AZPS/FOURCORNE230 - PNPKAPS230//
POINT_OF_RECEIPT = FOURCORNE230
POINT_OF_DELIVERY = PNPKAPS230
SOURCE = FOUR CORNERS
SINK = PINNACLE PEAK
CAPACITY = 0
CAPACITY_REQUESTED = 25
SERVICE_INCREMENT = DAILY
TS_CLASS = FIRM
TS_TYPE = POINT_TO_POINT
TS_PERIOD = FULL_PERIOD
TS_WINDOW = FIXED
TS_SUBCLASS = WHEEL
NERC_CURTAILMENT_PRIORITY = Nerc Priority 1
OTHER_CURTAILMENT_PRIORITY = Default
START_TIME = 02/10/2002
STOP_TIME = 03/01/2002
CEILING_PRICE = 55.00
OFFER_PRICE = 55.00
BID_PRICE = 55.00
PRICE_UNITS = $/mW-D
PRECONFIRMED = YES
ANC_SVC_LINK = N/A
ANC_SVC_REQ =
POSTING_REF = 0
SALE_REF =
REQUEST_REF =
DEAL_REF =
NEGOTIATED_PRICE_FLAG =
STATUS = STUDY
STATUS_NOTIFICATION = Cara.Semperger@enron.com
STATUS_COMMENTS = Please call Mark Hackney 602-250-1128
TIME_QUEUED = 02/04/2002

TIME_OF_LAST_UPDATE = 02/04/2002
PRIMARY_PROVIDER_COMMENTS =
SELLER_COMMENTS =
CUSTOMER_COMMENTS = Please call 877-464-7779 with any questions regarding
path
or payment. Thanks Ca
SELLER_NAME = AZPS
SELLER_PHONE = 602.250.1128
SELLER_FAX = 602.250.1155
SELLER_EMAIL = oasisadm@apsc.com
CUSTOMER_NAME = Enron Power Marketing, Inc.
CUSTOMER_PHONE = (713)853-3801
CUSTOMER_FAX = (713)646-8272
CUSTOMER_EMAIL = bill.rust@enron.com
REASSIGNED_REF = 0
REASSIGNED_CAPACITY = 0


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/21/2000
06:22 PM ---------------------------
From: Shalesh Ganjoo@ENRON COMMUNICATIONS on 06/21/2000 12:54 PM PDT
To: Martin Lin/Contractor/Enron Communications@Enron Communications, Samer
Takriti/Enron Communications@Enron Communications, Stinson
Gibner/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT
cc:
Subject: Speed of Light

Gentlemen,

Please take a look at this article!  Thank you.

http://www.sunday-times.co.uk/news/pages/sti/2000/06/04/stifgnusa01007.html

Shalesh Ganjoo


There is only a small chance that I will attend.  Vic, make sure and/or Angie
go.

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/15/2000 03:19
PM ---------------------------
From: Marde L Driscoll@EES on 03/15/2000 02:44 PM
To: Chris Germany/HOU/ECT@ECT
cc: Angie Zeman/Corp/Enron@ENRON@ECT, Molly LaFuze/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT
Subject: Re: CNG Training

Sorry Chris, I'm too efficient!  You told me to set it up and I did!
Thursday afternoon @ 2.  Please let me know if you plan to attend so that I
can get a conference room big enough for everyone.  Thanks!  md

Chris Germany@ECT
03/15/2000 02:36 PM
To: Angie Zeman/Corp/Enron@ENRON, Molly LaFuze/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT
cc: Marde L Driscoll/HOU/EES@EES
Subject: CNG Training

CNG would like to stop by the office to do some TTT training next Wed, Thur,
or Fri.

Please let Marde know if you have a preference as to which day you would like
to meet with CNG.  I may or may not be here.

Thanks


---------------------- Forwarded by Phillip M Love/HOU/ECT on 05/12/2000
12:57 PM ---------------------------

"James Love" <James.Love@msl.redstone.army.mil> on 05/12/2000 12:20:58 PM
To: <Phillip.M.Love@enron.com>
cc:
Subject: Fwd: Excuse Me!

I hope you have a sound card on your computer at work.  If not, send it home.
Date: Fri, 12 May 2000 12:15:48 -0500
From: "Ed Dowling" <Ed.Dowling@msl.redstone.army.mil>
To: "James Love" <James#032#Love@msl.redstone.army.mil>
Subject: Excuse Me!
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_D189F9A1.9AFB9FA9"

Edmund A. Dowling
LTC, AR
Product Manager, ATAS
(256) 876-4800
Beeper (800) 374-4434 Pin # 13050

 - Scuse Me!_1.avi


---------------------- Forwarded by Chris H Foster/HOU/ECT on 03/07/2001
01:02 PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Reid, Mary - TP5MAD" <MReid@socalgas.com>
03/07/2001 01:05 PM

To: Angela Olaveson <aolaveson@coral-energy.com>, Art Muniz
<art.muniz@pgees.com>, Ben King/Pancanadian <bking@pcenergy.com>, Bill
Knox/State of Cal <bill.knox@dgs.ca.gov>, Cathy Hawes
<chawes@txuenergy.com>, Chris Foster/Enron <chris.h.foster@enron.com>, Dave
Ellis/Dynegy <dael@dynegy.com>, Dave Kohler/Burlington  <dkohler@br-inc.com>,
Deanna Sharpe/Unicom-Utilicorp  <deanna.sharpe@exeloncorp.com>, Gordon
Pickering/IDACORP  <gpickering@idahopower.com>, Jane Shopplein/SCANA
<jane@scana.com>, Joe Alves/BP Energy <alvesje@bp.com>, John Hogan/Southern
Comany  <john.hogan@southernenergy.com>, Kirbey Bosley/Reliant Energy
<kbosley@reliantenergy.com>, Mike Bucher/OXY <mike_bucher@oxy.com>, Parks
Wesson/Astra Power <pwesson@astraoil.com>, Paul Gendron
<paul.gendron@neg.pge.com>, Peter Melera/SET <pmelera@sempratrading.com>,
"Robert Nielsen@Sempra Energy Solutions" <rnielsen@semprasolutions.com>,
Robert Turner/El Paso Mercant Energy <robert.turner@cmenergy.com>, Roger
Ponce/Enron Energy Services <rponce@enron.com>, Ruby Robinson/Enron
<rrobins4@enron.com>, Suyen Encarcion <suyen@cook-inlet.com>, Veronica
Jones/DESC <vjones@desc.dla.mil>, Wayne Ellis/Williams Energy
<wayne.ellis@williams.com>
cc:
Subject: Southern Caifornia Gas - Capacity Forum -- March 14th at the ERC
(Downey, CA)

CAPACITY FORUM

The need for expanded gas infrastructure, and in particular expanded gas
pipeline transportation capacity, to serve the market in Southern California
is an important subject that is receiving increasing attention.? SoCalGas
believes it is an appropriate time to begin a dialog on this important issue,
and to describe SoCalGas' view of the expansion options that exist on its
system.

??????? To begin this process, SoCalGas will be conducting a Pipeline
Capacity Forum on Wednesday, March 14th .? The forum will take place at
SoCalGas' Energy Resource Center (ERC), located at? 9240 E. Firestone Blvd.,
Downey beginning at 1:00 P.M. and concluding at 4:00 P.M.? Refreshments? will
be provided and the dress code will be business casual.? For a map to the
ERC, visit our website below.

http://www.socalgas.com/candi/resource_center/erc_location.shtml

??????? You and/or other members of your organization are invited to attend
this meeting. This invitation is to being extended to Energy Service Provider
and Contracted Marketers in SoCalGas' programs.

Lad Lorenz, Director Capacity Operations & Planning, will make the
presentation.? The basic agenda for the meeting will be to discuss three
topics:

The current status of operations on the SoCalGas' system.
The outlook for operations on the SoCalGas' system for the balance
of this year and through next winter.
The need for, and opportunities for expansion of the SoCalGas
backbone transmission system.

??????? We welcome your attendance and participation in this forum discussion
and I look forward to seeing you on March 14th.?? Please RSVP by March 12,
2001, if you will be able to attend by calling  Darlene Reyes at (213)
244-5311 or by replying to this e-mail (mreid@socalgas.com).

??????? ??????? ??????? ??????? ??????? ??????? Sincerely,

??????? ??????? ??????? ??????? ??????? ??????? Mary Reid
??????? ??????? ??????? ??????? ??????? ??????? Phone? (213) 244-3898

Fax?? (213) 244-3897


Williams Energy


they wrote an article on us?

	Enron Capital Management

	From:  David Baumbach                           03/08/2001 09:07 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject:

Sexiest voice in weather made the WSJ today.


Victor, doesn't matter to me.  You pick - Mr. Goodell or someone else.

---------------------- Forwarded by Chris Germany/HOU/ECT on 05/08/2001 10:29
AM ---------------------------

"Depp, Bob" <Bob.R.Depp@Williams.com> on 05/08/2001 08:08:50 AM
To: "'cgerman@ect.enron.com'" <cgerman@ect.enron.com>
cc:
Subject: Termination of inactive GasQuest user IDs

Chris -
I've expired access to the four persons you requested be terminated.?
Additionally, I need to update our Security Administrator records by
replacing Dan Junek with someone else.... perhaps yourself.? At any rate, I
need a name, business address, phone and fax number for the designated
Security Administrator.? If questions, please advise.? Thanks,
Chris.????????????????? /Bob


Attached is the most recent termination log for EPMI counterparties.

Stephanie Panus
Enron Wholesale Services
ph:  713.345.3249
fax:  713.646.3490


Please be advised that Sara has approved and Bill Bradford as signed, on behalf of ENA, the following documentation:

1.	Fourth Amendment to Master Energy Price Swap Agreement between ENA and Morgan Stanley Capital Group, Inc.;

2.	Amendment Agreement between ENA and The Chase Manhattan Bank; and

3.	Derivatives Novation Letter among Deutsche Bank AG, Bankers Trust Company and ENA.

Originals of the above documents have been forwarded to the respective counterparties for execution.


I usually go around 12:30 but can go any time you want, unless work gets in
the way.

dp


This shows all closed deals year-to-date.

Lex Carroll
Enron Power Marketing
Midwest Origination
713-853-5426


To DPCA Friends and members:

By now you have received Dan Dessanti's email to you telling about the
Congressional ?Distributed Power Day scheduled on June 6 ( please see
attached Announcement). ?For those of you who received this message at least
twice or some reason did not receive Dan's email I apologize. ?We are still
trying to update our mailing list. ?

DPCA has retained Burson-Marstellar to provide logistical guidance and
assistance in the event planning. ?To highlight the value of ?this event,
they will also craft and generate the proper messages to the public,
Congress
and the energy market on the value of distributed energy and the importance
it should ?provide in the President's National Energy Strategy. ?Therefore,
I
have been asked by Burson to contact old, current and potential DPCA members
to provide them (please use the cc's on this email) information on your
respective involvement and activity in the development and use of
distributed
energy.

Such information should include, where relevant : ?
1.DE mission;
2. types of DE technologies, products, systems you manufacture, develop,
deploy; 3. amount of private investment to develop these technologies,
4. collaborative projects - size and customers served,
5. number of customers served, product volume sold or deployed, nationally
and internationally,
6. where you and your customers are located . ?

Also please provide Burson with copies of press announcements pertaining to
your Distributed Energy activity across the country and ?the Public Affairs
Contact for your respective organizations and companies.

The Burson- Marstellar contact is Greg Larson.
He can be reached at 916-341-1000. ?His Fax number is 916-341-1000

Finally, if your organization is not a member and would like to join DPCA,
and participate in this event and similar ones throughout the year please
fill out the attached form ASAP. ?On behalf of the Executive Committee of
DPCA we look forward to seeing you on June 6.

Thank You
Tod O'Connor
818-883-1038 (o)
818-317-9804 (cell)

 - me.annoucementfinal.doc


Billy

We need to hedge funds.
----- Forwarded by John J Lavorato/Corp/Enron on 01/22/2001 10:00 PM -----

	Caroline Abramo
	01/22/2001 12:18 PM

		 To: Andy Zipper/Corp/Enron@Enron
		 cc: Per Sekse/NY/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron
		 Subject: EOL/ Hedge Funds

Most of the macro hedge funds want to trade global crude products and gas
options immediately.  However,  I am having a big problem getting Tudor and
like funds up and running on EOL-

Problems:
#1: Credit- major back-log on new names - we don't have enough resources to
deal with these names (the structures of the funds can be complex- not like
dealing with industrials).
#2: With those that we have docs, credit has said we can not trade on-line.
(???)

The only differences I see with funds trading online is that their trades
need to go to credit's (Bill Bradford's group) to be included in daily MTM
and 5 day VAR reports.  We calculate variation margin off these reports so
its essential credit gets the trades...

AND

In the case of Tudor, they allocate trades between funds- the EOL trades
would need to go to me or the backoffice, so we could allocate them.

I think the EOL reporting issues can easily be resolved- the credit back log
is the real killer at the moment.

Rgds,
Caroline

Andy Zipper
01/22/2001 11:15 AM
To: Caroline Abramo/Corp/Enron@Enron
cc:

Subject: Re:

Now that gas options have been launched how are they being received ? Have
you been able to convince any funds to trade. I've heard that Tudor is a huge
player. where do they stand ?


Rick,

	For reference during our phone call, I attach the slides Mark & I used in our discussions with Joe Hirl.  Joe's preference is that the costs in the budget I forwarded separately should be split 50/50 between Enron Japan, which reports to Mike McConnell, and EPower, which belongs to John Sherriff.

	Accordingly, the last slide in the presentation is intended to show how Mark and I will coordinate our experience on a case by case basis to address to support both operations.  The rest of the slides give a summary of the A/P environment.

	In addition to the budget and the general plan for support out here, I'd like to raise the following issues:

1.  Personnel in the region

2.  Plans for maintaining contact with regulatory personnel in Houston

Talk to you in the morning/evening.

Mike

81.3.5219.4584


Hello all,

Several of you have inquired who would be attending the May 17 Guggenheim
event on our behalf, whether Enron employees or guests.  While this list is
always in motion, this should give you a good idea.

I'm glad that each of you will be attending and hope that both you and your
guests enjoy.  Please call me on my cell phone at 713-515-9208 if you need
anything.  Otherwise, I will see you on the 17th at the Guggenheim.

Take care, Margaret Allen


I am planning on taking vacation 5/11 and 5/14.  Attached you will find a
copy of the Deal Validation desk procedures that will help you out with the
Deal Validation process.  It would be to your benefit if you took some time
next week to sit with me for a couple of days in the morning before I go on
vacation so that we can go over any questions or concerns you may have.
Please take time to read these desk procedures before next week as it will
help you better understand the Deal Validation process when you sit with me.


see the attached resume below.  I don't know this guy but thought I'd pass it
along to you.
---------------------- Forwarded by Scott Neal/HOU/ECT on 07/20/2000 10:45 AM
---------------------------

Shawn Kilchrist@ENRON
07/20/2000 09:39 AM
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Re: Win Graham

This fellow may be of interest you.

Shawn

---------------------- Forwarded by Shawn Kilchrist/NA/Enron on 20/07/2000
15:38 ---------------------------

Cindy Justice@ECT
20/07/2000 08:31
To: Shawn Kilchrist/NA/Enron@ENRON
cc:

Subject: Re: Win Graham

At this point I think he's looking at trading opportunities.

Shawn Kilchrist@ENRON
07/20/2000 02:46 AM
To: Cindy Justice/HOU/ECT@ECT
cc:
Subject: Re: Win Graham

Is he only interested in trading work or would he be interested in some
controls work?

SK

Cindy Justice@ECT
07/19/2000 01:56 PM
To: Shawn Kilchrist/NA/Enron@Enron, Roger Ondreko/HOU/ECT@ECT
cc:

Subject: Win Graham

I thought I might pass this along your way to see if you had any ideas or
know of any needs. Win Graham used to work at C&L and looking for trading
opportunities at Enron. He's not interested the associate program at this
time.

His employer doesn't know he's looking, but feel free to pass this along to
anyone who might have or know of a need.

From my exposure to him, he seemed like a great guy that would probably fit
in well at Enron. Very personable!

Hope things are going well for both of you!

Cindy
---------------------- Forwarded by Cindy Justice/HOU/ECT on 07/19/2000 01:53
PM ---------------------------

Win Graham <ESG@Vitol.com> on 07/19/2000 11:39:12 AM
To: "'cindy.justice@enron.com'" <cindy.justice@enron.com>
cc:
Subject: Win Graham

It was good to talk to you again.  Thanks for passing this around.
Hopefully something good will come from it.

Win

 <<res.doc>>

 - res.doc


Grant Masson

Phone: (713) 664 7260 (h)
 (713) 853 4768 (o)
 (713) 420 2118 (EPG)
 (281) 381 9983 (c)
 (281) 381 9987 (c) Valerie
 massong@epenergy.com
GrantMasson@houston.rr.com


Thanks, I appreciate it!  What should I do with the Japanese counterparty on
the 9/26/00 list?  Shut them down for all trading on Japan based products
until I hear from you?  Will you be coming to the Legal Conference here in
Houston next week?  Maybe we could chat then?!

	Jane McBride@ENRON
	09/27/2000 09:46 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, John Viverito/Corp/Enron@Enron@ECT
		 Subject: Re: Financial Products in Japan

Dear Tana,

Am hoping to get something to you by end Friday.

Jane McBride

	Tana Jones@ECT
	09/27/2000 11:37 PM

		 To: John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron
		 cc: Alan Aronowitz/HOU/ECT@ECT
		 Subject: Financial Products in Japan

It appears that we have now opened up our first Japan based financial product
on EnronOnline, and I need to get some direction from you as to what
restrictions, if any, we have on (1) counterparties located/incorporated in
Japan trading Japan based financial products, and (2) counterparties not
located in Japan trading Japan based financial products.

Previously, the only Japanese financial product we had was weather, but it
wasn't being sold by a Japan based Enron company, so my understanding was
that I didn't have any particular restrictions under Japanese law for
counterparties located in or outside Japan in trading this product.  Now that
the product is being sold by a Japan based company I am wondering was
restrictions I might have to keep in mind when doing my daily online
approvals.

The only are Japan based direction I am getting is from the Broadband legal
team (Robbi Rossi) which have told me Japanese counterparties can only trade
US bandwidth segments.

P.S. we do have a Japanese counterparty on the 9/26/00 list.


Dear Jeff,

Enron is one of our most valued customers and a leading innovator in the
use of the Internet to enable new business opportunities in your
industry.  I believe that executives of other major companies would be very
interested in learning about the ways that you have shaped your business
and leveraged networking technology to create EnronOnline and Enron
Communications.

With this in mind, I would like to personally invite you to speak to a
highly select group of CEO's and CIO's from Global 1000 corporations at our
CEO Summit being held on April 26-27, 2001 at the Ritz Carlton, Half Moon
Bay, California.  The focus of the conference will be on using Internet
business solutions to maximize global competitiveness.  I would also like
to spend some time with you more in a one on one setting to discuss the
industry and the markets in general, but candidly, to get to know you
better and build on our relationship.

Jeff, I would be honored if you would accept this invitation.  I will
follow-up with you shortly  to answer any questions you may have and to see
about your availability.

Sincerely,
John Chambers
President and CEO


Since they are already trading physical stuff online, they are probably already approved to trade financials as well and the master will just mean they don't have to accept the GTC's to trade the derivatives.  Tana can check quickly and see what they are approved for.

 -----Original Message-----
From: 	Sayre, Frank
Sent:	Thursday, October 04, 2001 1:09 PM
To:	Taylor, Mark E (Legal)
Cc:	Panus, Stephanie
Subject:	Louis Dreyfus

Mark - Louis Dreyfus Energy Services LP is signing their ISDA Master Agreement today and would like to get online to trade with EOL asap.  According to Jennifer McQuatde, they are currently trading physicals online and, she believes, have signed all the necessary docs.  Louis Dreyfus has asked if we would turn them on to trade OTC derivatives online based upon a fax of the signature page to their ISDA.  What is your view on this, oh mighty one?  Frank


Iz -
Please see the attached work schedule for Sept.    I have you officially joining the group on Wednesday,  however,  your actual shift work begins on Thursday,   September 13th.

If you have any questions,   give me a call at 3-7160.

We look forward to having you on the team.

JForney


Diane or Patrick,

I need help from one of you in connection with providing copies of the Confirmation(s) for the following Counterparties:

				Boise Cascade Corporation
				Dial Corporation (The)
				Lin Pac, Inc.
				Master Packaging (N.B.) Inc.
				Norske Skog Canada Limited
				Rand-Whitney Container Board, L.P.

ENA does not have a master in place for the above-mentioned, therefore, the confirmations, will provide the information needed for review.
In light of this, please make sure your Confirmation copy includes the GTC.   Further, please provide a copy of all confirmations for those trades which are live, active and on the books.

This request must be handled on an immediate basis, so could we have the copies by the close of business today -- January 16th.

Thanks,

Susan


Sara,

Ellen asked me to check with you regarding where we stand on the Warburg
Dillon Read repo agreement.  Could you let me know?

Also,  I had faxed a BNP Paribas confirm to legal for review last Thursday,
and I believe Tana or Kaye was going to put in on your desk.  Have you had a
chance to review this document?  Let me know if we need to make any changes.
Thank you.

Hope you had a good vacation!


PLEASE VIEW THE ATTACHED SLIDE SHOW


Louise,

Please take a look at the attached.  Is this how you think it should work?

Don
 -----Original Message-----
From: 	Fallon, Susan
Sent:	Thursday, July 26, 2001 11:05 AM
To:	Kelemen, Andy; Miller, Don
Cc:	Fallon, Susan
Subject:	Organization Chart

HR is requesting and updated Org Chart from Tim.  Please review the attached organization chart and submit any additions/deletions/revisions, etc. to me via email.  Thanks!


Steve,

West Desk Fundamentals isn't/aren't available.

Tim

 -----Original Message-----
From: 	Nat, Steve
Sent:	Tuesday, January 15, 2002 2:21 PM
To:	Will, Lloyd; Heizenrader, Tim
Cc:	Belden, Tim; Presto, Kevin M.
Subject:	Estate Fundamentals

Lloyd and Tim H,   There is still some question about the amount and timing of fundamentals capability that will be required in the Enron Estate.  To date, our working assumption has been that all fundamentals systems (data harvesting, portals, metastock, decision support cubes, etc...) would only be operational in NetCo.  There is no IT staffing in estate to support fundamentals.

Beth Perlman told me today that Jim Fallon has indicated that we need to have IT people in estate who have the ability to bring up our fundamentals capability for the East and West Desks.

A few questions...  Do you agree?  If so, I can have our East Desk fundamentals team begin knowledge transfer to estate IT personnel.  I'll work with Beth on candidates.  Can this requirement be met for West Desk fundamentals?  If so, how would we proceed?  Who would be involved?

Thanks,  Steve


<http://go2.travelocity.com/Click?q=86-8_D1QCJsnyAkZKDxvOWxRJctyBD0mQY8Puao>   <http://mojofarm.mediaplex.com/ad/bn/986-4653-1800-9?VENDORCACHEBUSTER>
  <http://graphics.travelocity.com/images/spacer.gif>	  <http://graphics.travelocity.com/images/newsl/250x38logo.gif>	  <http://graphics.travelocity.com/images/spacer.gif>	  <http://graphics.travelocity.com/images/spacer.gif>	 The Insider <http://graphics.travelocity.com/images/newsl/theinsider.gif>
  <http://graphics.travelocity.com/images/spacer.gif>
  <http://graphics.travelocity.com/images/newsl/cornerleft.gif>	Home <http://go2.travelocity.com/Click?q=e2-JmopQhyWis16ndJqSQmNe7rk8wiWGsADFYsx>	 Dream, Plan, Go <http://go2.travelocity.com/Click?q=58-mP5xIdJywfnx5kppvCpnQCezeWM8VnlDE8Js>	 Flights <http://go2.travelocity.com/Click?q=50-MfQBIR0YscTRFH9kNaV9vbnAondZJFnF7EAl>	 Lodging <http://go2.travelocity.com/Click?q=2d-OACyIbKy-eOsHEBTf7IGUiR5tRra_dlDsbHN>	 Cars <http://go2.travelocity.com/Click?q=79-r9CHIEBgv1B-N5Zv6ir2hbKSyqxrER4hZwFe>	 Vacations <http://go2.travelocity.com/Click?q=0e--loTIiQWhAnJ4eOutZw6JSHuTwy-O8oBdg8C>	 Cruises <http://go2.travelocity.com/Click?q=f1-MwauQpsGEF2po4PGYEFWID4RzAfEHJfByEO0>	   <http://graphics.travelocity.com/images/newsl/cornerright.gif>
  <http://graphics.travelocity.com/images/spacer.gif>
  <http://graphics.travelocity.com/images/spacer.gif>
Dear Tracy,

Some like it hot! If you're one of them, we can help make your dreams come true this winter. If you're not. . .maybe some of our great deals can help change your mind! Read on to plan and purchase your dream warm-weather getaway.

Destination Guides <http://go2.travelocity.com/Click?q=8b-SN3BQY0H_2BmYC3q36mrRwrsVcPVyqGH0wPZ>
Make Reservations <http://go2.travelocity.com/Click?q=2b-2uhYINzoBDmkMtH_o9yTDHaL9HWvIMH6P06L>

IN THIS ISSUE

 	 In The Spotlight
 	 ? 	 Celebrate New Year's Las Vegas Style!
 	 ? 	 Free Companion Ticket to Asia!!
 	 Featured This Month
 	 ? 	 Save up to $75 on Airline Tickets
 	 ? 	 Round-Trip Fares Available from Miami for Under $200
 	 Featured Property
 	 ? 	 One Night Free at Outrigger!
 	 Cruises
 	 ? 	 7-Night Caribbean Getaway for $565!
 	 ? 	 Weeklong Caribbean Sailings from $399!
 	 ? 	 7-Night Eastern Caribbean from $349!
 	 ? 	 Carnival's Baja Sailings from $199!
 	 Vacations
 	 ? 	 Caribbean Savings-Up to 50% Off!
 	 ? 	 Two Nights in Vegas from $30!
 	 ? 	 Savings up to 53% in Mexico!
 	 ? 	 Ski Your Way to 25,000 Bonus Miles!
 	 Exclusive Member Benefits
 	 ? 	 Save $25 on All Last Minute Deals!
 	 ? 	 Win Free Holiday Decor From Spiegel
 	 Exclusive Offers
 	 ? 	 $225 Per Night at The Orchid!
 	 ? 	 Free Companion Ticket on Qantas
 	 ? 	 Hot Deals to Hong Kong from $559!
 	 Site Features
 	 ? 	 Traveler Reviews
 	 ? 	 Site News
 	 ? 	 Tips and Advice
 	 ? 	 Travelocity Store
   	  The Insider Spotlight <http://graphics.travelocity.com/images/newsl/insiderspotlight.gif>
NYC <http://go2.travelocity.com/Click?q=23-suiGINMC0Cc2JiRZby80rL_k5wP_l47nRahA> Celebrate New Year's Las Vegas Style! <http://go2.travelocity.com/Click?q=6a-zfG0IeWNUkd79oz8aA9yigIEgFqzhMQafB27>
Don't miss your chance to WIN a three-night stay plus round-trip airfare to Las Vegas on New Year's Eve 2001. Enter <http://go2.travelocity.com/Click?q=88-eZ2PQQKV6OGs41KJtj-sv5ngVt0LUWu9sXp0> the Celebrate New Year's Las Vegas Style Sweepstakes from Mandalay Resort Group now!

Free Companion Ticket with Qantas! <http://go2.travelocity.com/Click?q=2c-DV_OIc0u7TNa_s1nGp57D4F8tLS7cbUs0omj> Free Companion Ticket to Asia! <http://go2.travelocity.com/Click?q=8d-nKz1Q7ns540hsmDjTsUX4PnIgD8mJqp8BMwY> Have you ever wanted to go to Asia? Well now's your chance! Join the Travelocity Preferred Traveler Program and receive a FREE business class companion ticket on Korean Air. Travel is valid to Bangkok, Hong Kong, Tokyo, and more. This offer is good for a limited time. Join now. <http://go2.travelocity.com/Click?q=bb-yhl4QYZnRCziA2cPco344FL9wNEjXAFcr5zs>

CURRENT TRAVEL INFORMATION

Current Travel Information <http://go2.travelocity.com/Click?q=5b-58owIBKuUTy56T1SlU1wB9ideyZ09NWgzkZk>
We're maintaining a special page with up to date information to help you with checking flight status, changes in airport security, and other information for our members.

SITE NEWS

Try Travelocity's NewTrip Expert <http://go2.travelocity.com/Click?q=b1-YEkJQ-0Ez-ZQLwZdQzr1CW9EsgmiE4JyYCQa>
Are you a shop-a-holic? A sun worshipper? A high roller? Tell us your personality and Travelocity's Trip Expert <http://go2.travelocity.com/Click?q=fd-BUHMQgOq1luMk3F2R6RKTvuyjF8HR0isf1hm> will recommend the best destinations for your ideal vacation. Try Trip Expert--travel advice personalized for you.

  _____

FEATURED THIS MONTH	   _____

Save up to $75 on Airline Tickets <http://go2.travelocity.com/Click?q=22-xBRrIrda8QlbkLy4zggOZ80ya1YNjHeMafo1>
Save $20, $25, or even $30 on flights booked at Travelocity.com when you join the Travelocity Preferred Traveler Program today. That's a total of $75 in savings. Start saving on your next trip.
Join now. <http://go2.travelocity.com/Click?q=59-yOGoIEn1HtuDgPGsDN3cCM4KebHCpJzeHJIP>

Round-Trip Fares Available from Miami for Under $200 <http://go2.travelocity.com/Click?q=27-zsnmIqI9GRPIIjaxBbt-UhUzvf_B-mLeoVTh>
If your idea of a vacation is parking it on the beach with a frosty drink for days on end, Puerto Rico is for you. But the Caribbean island also has nightlife, shopping, and historic districts for the action-oriented, too. Book Now! <http://go2.travelocity.com/Click?q=0a-ZiBCIrro-4cjTHebP2vJNVjlFyY5B0IqOvsz>

  _____

FEATURED PROPERTY	   _____

Oahu <http://go2.travelocity.com/Click?q=e4-AN-FQVkzGjI79TYj5uUYs2ZUrcSkwkc-_SbK>
One Night Free at Outrigger! <http://go2.travelocity.com/Click?q=67-PiHkIOEuqn_DOWTCnCfhH5B0gVAed30ONqhX> There's been no better time to visit world-famous Waikiki Beach. It's not so crowded and bargains abound, just like this great deal at the fabulous 885-room Outrigger Reef on the Beach. <http://go2.travelocity.com/Click?q=c3-xmuCQJLVcfwzWudi8iVjS1aXJLPcOCyvKW0n>

  _____

CRUISES	   _____

Holland's 7-Night Caribbean Escape for $565! <http://go2.travelocity.com/Click?q=fa-F1jNQhO9iOw0ByffjtNDI948MuYosiLTWDcY>
Feel like you might need to take a vacation from the holidays? Holland America has got what you need--seven or eight nights of tropical delights in the Eastern Caribbean! Unwind on smooth, sultry beaches this January, February, or March from only $565. Book now! <http://go2.travelocity.com/Click?q=1c-c9tiIFr3T8blwN-cQ9IyXT-W_C4zsgtc9IjG>

Celebrity's Weeklong Caribbean Sailings from $399! <http://go2.travelocity.com/Click?q=bc-zSdJQ6BEHnIQkoZvzMXWaU71E14EbFxk6N3z>
Eastern and Western Caribbean sailings with convenient departures from Miami, Fort Lauderdale, or Tampa are on sale now! Take advantage of these amazingly low rates to exotic ports in Puerto Rico, the Virgin Islands, Bahamas, Mexico, and beyond. Book now! <http://go2.travelocity.com/Click?q=6f-3A89IOLa63L-LjsD_EqQi_MQs2FgDKldDO6f>

7-Night Eastern Caribbean on the Norway from $349! <http://go2.travelocity.com/Click?q=52-LX6oIrJ1dRGUBYaQsi2hQ0uatTbevzzeeoVY>
Book this cruise by November 28, 2001 with a MasterCard and get $100 in shipboard credits and cash back! Norwegian Cruise Line wants you to experience the ever-enchanting Norway as she visits St. Maarten, St. John, and St. Thomas. Don't miss this incredible offer Book now! <http://go2.travelocity.com/Click?q=70-3gZJIdp-DbeosZINhS8kPHSpDdMkUhXatuCr>

4-Night Baja Sailings from $199 with Carnival! <http://go2.travelocity.com/Click?q=53-nLXdINn-ZiOn-_0IJrBWRVrFogpDwft5Sbl7>
Treat yourself to a quick retreat filled with sun and fun this fall. Take a break and have a blast on a Fun Ship! Sail from Los Angeles to Catalina and Ensenada for a quick retreat filled with shopping and sightseeing. Book now! <http://go2.travelocity.com/Click?q=31-Vf-RIjMoVaAKCgfFOl1a2OEWGteiqUK6s4eu>

  _____

VACATIONS	   _____

Caribbean Savings-Up to 50% Off! <http://go2.travelocity.com/Click?q=b7-F5mPQ8JVs5RuliKXSrSbk2gisQ_tCMe9ECY5>
Unwind on the smooth shores and sun-soaked sands of the Caribbean. Take advantage of savings up to 50% or FREE nights with Travelocity Vacations. Offer valid through November 12, 2001. Book now! <http://go2.travelocity.com/Click?q=57-YYEXII03AAMObSNyumrvQSuymmA1uJQ-VGrt>

Two Nights in Vegas from $30! <http://go2.travelocity.com/Click?q=fb-aQIrQkgrrGMB-Wr56TKB6CP5MIPs0K51ujYR>
The most extravagant city on Earth just keeps getting better! Come see what's new-and get a great rate too! Simply book <http://go2.travelocity.com/Click?q=71-GtPUIEZboNZxdboEP1xp8ALEDXHE8yeFlCPc> a Travelocity Vacations package by November 23, 2001.

Savings up to 53% in Mexico! <http://go2.travelocity.com/Click?q=0b-0BE-INQ3zc91DzcHdDEN_GK1FEWyckacop2r>
Deals to Mexico with Travelocity Vacations have never been better-with food and beverage credits, super discounts, and free nights thrown into the mix, it's never been a better time to vacation south of the border! Hurry, offer ends November 9, 2001. Book now! <http://go2.travelocity.com/Click?q=18-WTPzI98rUhLwORKVTbmGlFmMl6JaUTVvqOOR>

Ski Your Way to 25,000 Bonus Miles! <http://go2.travelocity.com/Click?q=d1-ueozQpEqJCYhbb2guPKoh5I1ZmezsVcwGPJ6>
Book an American Airlines Vacations package to Colorado this winter and you'll also get to stock up on AAdvantage bonus miles. Simply book <http://go2.travelocity.com/Click?q=18-WTPzI98rUhLgORKVTbmGlFmMl6JaUTVvqOOR> by November 30, 2001.

  _____

SITE FEATURES	   _____

Mexico <http://go2.travelocity.com/Click?q=64-UNohIuLgNuUMI-0K-NXWWqOZgE9DbichKByN>
Double Miles When You Fly Before December 15! <http://go2.travelocity.com/Click?q=95-XRfrQvdUfP0453mdqvh2V3Qhhg8JglQ7YSvp>
Mexico's many beach destinations <http://go2.travelocity.com/Click?q=cc-hywQQ0Or5aGjqirL1Ah4IntMI6S8fI21HbpH> satisfy any taste and budget. Visit jet-setting Acapulco, laid-back La Paz, undiscovered Zihuatanejo, or anywhere in between.

Maui <http://go2.travelocity.com/Click?q=18-WTPzI98rUhLkORKVTbmGlFmMl6JaUTVvqOOR>
Double Miles When You Fly Before December 15! <http://go2.travelocity.com/Click?q=d9-bzz_QpPmUJOWR7VZMh-57QHJKsfbSqJjMlvh>
Maui offers surfing, secluded getaways, and stunning natural beauty--not to mention year-round balmy beaches. Discover another world--without leaving the United States.

Write a review and get a free bag! <http://go2.travelocity.com/Click?q=64-UNohIuLgNuUPI-0K-NXWWqOZgE9DbichKByN>
Now is your chance to say what you really thought of your last hotel or cruise. Loved the ocean view but didn't care for the overpriced food? Spread the word now because the first 1,000 people to submit a Traveler Review will get a free weekender bag. More details. <http://go2.travelocity.com/Click?q=6c-SXz3IuPRQ_71rS7N9KosSQT9wkt0nwzKt-Po>

  _____

NEWS FROM OUR SPONSORS	   _____

International Living <http://go2.travelocity.com/Click?q=79-r9CHIEBg9mGQN5Zv6ir2hbKSyqxrER4hZwFe>	   <http://graphics.travelocity.com/images/spacer.gif>	RETIRE OVERSEAS <http://go2.travelocity.com/Click?q=43-c2z5IBJaW8vD1HDeVVni4rLcHfUcbDyMoYS->
Live like royalty on $14 a day. Own an exotic beachfront getaway for $35,000. Enjoy fine dining for $7 a person. Employ a maid or gardener for $2 a day. Get the details in your report FREE with your subscription to International Living.
  <http://graphics.travelocity.com/images/spacer.gif>
MySwitzerland.com <http://go2.travelocity.com/Click?q=4a-HZmUIPpbJUHpcFtlKToap2v_xlCik9uF2cdv>	   <http://graphics.travelocity.com/images/spacer.gif>	Ski Free in Switzerland <http://go2.travelocity.com/Click?q=d9-bzz_QpPmUJDMR7VZMh-57QHJKsfbSqJjMlvh>
1 free ski pass (6 days) per person is waiting for you if you book your ski vacation at MySwitzerland.com <http://go2.travelocity.com/Click?q=25-iispIbdYXLxT9WviiSTI1XXUv88Ym4dT6V8D>. May we suggest Crans-Montana, situated on a sun-soaked high plateau in the Valais.

  <http://graphics.travelocity.com/images/spacer.gif>

Happy Travels!

The Travelocity.com Team
Go Virtually Anywhere!
www.travelocity.com <http://go2.travelocity.com/Click?q=71-GtPUIEZboNdydboEP1xp8ALEDXHE8yeFlCPc>

 	 EXCLUSIVE MEMBER BENEFITS

Save $25 on All Last Minute Deals! <http://go2.travelocity.com/Click?q=bc-zSdJQ6BEHnBNkoZvzMXWaU71E14EbFxk6N3z>
For a limited time, Travelocity Preferred Traveler members can save $25 on hundreds of Last Minute Deals booked on Travelocity.com. Members also receive $75 in cash-rebate coupons on airline tickets, $15 off Hertz weekly rentals, and $25 cash back on two-night stays or more at Best Western Hotels.
Join now! <http://go2.travelocity.com/Click?q=1d-6bajIGQGRzGgj9xPCh2ZlNIR_3Q6K2njA3Xv>

Win free flights from Travelocity and holiday decor from Spiegel! <http://go2.travelocity.com/Click?q=69-CJYiIoWfaIlh2AhQzepDEPVYsPhG7X3Y8O84>
Travelocity is giving you a chance to "Make it home for the holidays"! You could win eight round trip airline tickets to fly the family in, and a house full of festive holiday decor (courtesy of Spiegel).
Enter now! <http://go2.travelocity.com/Click?q=b9-WQisQ-BAzTxfUWqa5mw7pu-GEyeAed20gOhU>

EXCLUSIVE OFFERS
HAWAII <http://go2.travelocity.com/Click?q=04-ksM0IFQYAfMEpb5e5QScgiqGANaCScPT-7HB>
$225 Per Night at The Orchid at Mauna Lani! <http://go2.travelocity.com/Click?q=70-3gZJIdp-DbZmsZINhS8kPHSpDdMkUhXatuCr>
A tropical paradise on Hawaii's Kohala Coast with spa, tennis, golf, beach, pool, and more! Escape- package room rates start at $225 per night and includes daily breakfast for two! Book today! <http://go2.travelocity.com/Click?q=bc-zSdJQ6BEHnDjkoZvzMXWaU71E14EbFxk6N3z>

HONGKONG <http://go2.travelocity.com/Click?q=fe-xSEgQwgmkMPaUoO9gg_nLqdAjVkYm2xM-Jna>
HOT DEALS to Hong Kong from $559 <http://go2.travelocity.com/Click?q=8d-nKz1Q7nstyCHsmDjTsUX4PnIgD8mJqp8BMwY>
A living fusion of Chinese culture and British colonial charm, for an unforgettable cultural experience from $665, click here. <http://go2.travelocity.com/Click?q=85-2D5oQ7K7oJD7DOlhdnyVUCP3VfQFRa9E29bg>
Hong Kong and beyond, save $340 per couple, click here. <http://go2.travelocity.com/Click?q=3e-FOvnIizYmo_aunvw2tlr-QTF4vkfY9dTYeqX>

QUANTAS <http://go2.travelocity.com/Click?q=36-wv8-IiI3fXORoZcQKyput5wRG3V29xX-xrxV>
Free Companion Ticket on Qantas! <http://go2.travelocity.com/Click?q=7d-FuIqIDLIzEKuX4Q6UGveGY5gVjcHV37CbMiO>
Explore the wonders of Australia this fall and bring a friend for FREE when you join the Travelocity Preferred Traveler Program today. Best of all, you can stop over at up to three destinations, including Sydney, Brisbane, Melbourne, and more. This offer is good for a limited time. Restrictions apply. Join now! <http://go2.travelocity.com/Click?q=36-wv8-IiI3fXDcoZcQKyput5wRG3V29xX-xrxV>

Tips & Advice
?	 Hotel Childcare Safety <http://go2.travelocity.com/Click?q=04-ksM0IFQYAf0Epb5e5QScgiqGANaCScPT-7HB>

?	 Avoid the Holiday Rush <http://go2.travelocity.com/Click?q=50-MfQBIR0YgZfYFH9kNaV9vbnAondZJFnF7EAl>

?	 Surviving a Car Trip With Kids <http://go2.travelocity.com/Click?q=81-zmEaQ-Kn8sLvxuNY13t9rYsjywfgT7yXdR3f>

?	 Keeping Baby Healthy and Happy During a Long Flight <http://go2.travelocity.com/Click?q=b4-aY9bQ6ZtuGrkf_5EHiJTBj-YsGSxSz7GHUqm>

?	 Flying During Pregnancy <http://go2.travelocity.com/Click?q=c1-Pq9jQpWrZ493388_Taf0EZw8JToa6E21fWoQ>

TRAVELOCITY STORE
Travelocity Store <http://go2.travelocity.com/Click?q=ac-RKBtQ0UZe8Zkpkhrs3Y6hsI9BTGRxwUql-Qp>
Shop now <http://go2.travelocity.com/Click?q=7a-EjtAIPBRUr-xlwqayITldnqjk2RhihLKGUkA> at the Travelocity Store for great savings on Lewis N. Clark travel accessories. Find ON SALE <http://go2.travelocity.com/Click?q=33-vXqnINjY0ogwg858Fv9oJCoJGJEpLlPTX4Kv> document organizers, waist packs, toiletry kits and much more. The Travelocity Store is your one-stop for great prices on luggage and accessories that make any trip more comfortable and enjoyable!

CUSTOMER SERVICE

 	 UNSUBSCRIBE <http://go2.travelocity.com/Click?q=31-Vf-RIjMoVa-BCgfFOl1a2OEWGteiqUK6s4eu>
	   	 HOW DO I UPDATE MY E-MAIL? <http://go2.travelocity.com/Click?q=14-5CrAIF-WG3z-kjwzVylRm2vV1cSPIYHpn5JI>
	   	 FORGOT YOUR PASSWORD? <http://go2.travelocity.com/Click?q=74-Vxh8IZZTXVg7EqiP3w20hyIckPt_sz6NLUMq>

When you registered at Travelocity or Preview Travel, you agreed to receive e-mail. If you would like to change your subscription preferences or if you received this message in error, please click here <http://go2.travelocity.com/Click?q=d9-bzz_QpPmUJIJR7VZMh-57QHJKsfbSqJjMlvh>.

	You may update your e-mail address within Your Account Preferences. Simply go to the Travelocity reservations page, log in, and select the Your Account <http://go2.travelocity.com/Click?q=e5-9c8OQgym2C2FwkgIhMT3zjsPrtrUJ5mMXLCz> area.

	Travelocity's online Customer Service <http://go2.travelocity.com/Click?q=59-yOGoIEn1HtdsgPGsDN3cCM4KebHCpJzeHJIP> can help you remember it. Just enter your User ID and your e-mail address, and if it matches our files, we will e-mail your password to you.

  <http://graphics.travelocity.com/images/spacer.gif>
Home <http://go2.travelocity.com/Click?q=40-6rJ4IdnCV7xPezC9ZE9FuPk-HKIq4wpJ3mji>   <http://graphics.travelocity.com/images/spacer.gif>|   <http://graphics.travelocity.com/images/spacer.gif>Dream, Plan, Go <http://go2.travelocity.com/Click?q=a0-1mV8QQBrNN2yOsQ6kv1vqp1xL4nSQODlv36C>   <http://graphics.travelocity.com/images/spacer.gif>|   <http://graphics.travelocity.com/images/spacer.gif>Flights <http://go2.travelocity.com/Click?q=9c-xwXpQanHyflw1c3s4YgorVwLDvSzljGHJFz7>   <http://graphics.travelocity.com/images/spacer.gif>|   <http://graphics.travelocity.com/images/spacer.gif>Lodging <http://go2.travelocity.com/Click?q=7d-FuIqIDLIzEEhX4Q6UGveGY5gVjcHV37CbMiO>   <http://graphics.travelocity.com/images/spacer.gif>|   <http://graphics.travelocity.com/images/spacer.gif>Cars <http://go2.travelocity.com/Click?q=4f-IVR4IIUC17tH4uqzEP_EPZvehOAnPVpJFdAW>   <http://graphics.travelocity.com/images/spacer.gif>|   <http://graphics.travelocity.com/images/spacer.gif>Vacations <http://go2.travelocity.com/Click?q=21-UrrOIjduDuckax2590Gl5Fff57mhsC6sJag9>   <http://graphics.travelocity.com/images/spacer.gif>|   <http://graphics.travelocity.com/images/spacer.gif>Cruises <http://go2.travelocity.com/Click?q=03-1H_3I3rWdxOneJwaxBTkgAEb30LG3-oBI37u>
  <http://graphics.travelocity.com/images/spacer.gif>
  <http://graphics.travelocity.com/images/spacer.gif>

 Sabre Connected <http://graphics.travelocity.com/images/newsl/sabrecon88x28.gif>
	Travelocity
 and Travelocity.com are trademarks of Travelocity.com LP and Sabre
 is a trademark of an affiliate of Sabre Inc.? 2001 Travelocity.com LP. All rights reserved. WS/WB #279 CST#2050374-40

  <http://go2.travelocity.com/Click?q=c0-k_d--_PAIMeqtRlH7_XOhcCX0M61JHBnOaZR>


I have a 9:30 meeting, but let's talk at 9 and see how much we can get
accomplished, and perhaps finish at 10:30.  Mary

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

	Gloutnay Serge <GlouSer@DDSM.ca>
	09/25/2000 04:46 PM

		 To: "'Mary.Cook@enron.com'" <Mary.Cook@enron.com>
		 cc: Girard Claude <GiraCla@DDSM.ca>
		 Subject:

Dear Mrs.Cook,

My partner Claude Girard and myself will call you tomorrow morning at 9:00
AM, your time, concerning the draft ISDA Master Agreement.

If this is not convenient to you, please let me know.

Serge Gloutnay


-----Original Message-----
From: 	Bass, Eric
Sent:	Thursday, January 10, 2002 3:27 PM
To:	'smacfarland@gpch.org'; 'lqcolombo@aol.com'; 'Dad (E-mail)'; 'tommybomb88@hotmail.com'; 'billy.brown2@compaq.com'
Cc:	'Jason Bass (E-mail)'
Subject:	RE: Jason' Bachelor Party

I have made reservations for Jason's Bachelor Party.  You are the chosen few.  The cruise is set for Sat. Jan 19 at 7 pm out of Freeport.  Transportation will be arranged for you.  We need to leave at about 5 pm on the 19th.  I will arrange a meeting place and relay it to you in a future e-mail.  The final tally will be $32 a person. I have paid for this already so you can reimburse me on the 19th and I can promptly blow all of that money on gambling.  Sadly, the gourmet dinner was not available on the Freeport cruise so we will have to suffer through a buffet dinner.

Let me know if you have any questions.

-Eric


Could I be included in these update meetings?  Rather than read the material after the fact and have you review it with me separately, it seems that it would make sense for me to be included in the update meeting that you hold with Rick.  Assuming that Rick is comfortable with that, can we do that going forward?  If all agree, please ask your assistant to let me know if a date has already been set for the next update.  Thanks.  .

 -----Original Message-----
From: 	Jordan, Mike
Sent:	Monday, May  14, 2001 7:55 AM
To:	Causey, Richard; Apollo, Beth; Beck, Sally
Cc:	Westbrook, Sharron
Subject:	MO Presentation

for the 3 pm meeting ( 9 am Houston time )
---------------------- Forwarded by Mike Jordan/LON/ECT on 14/05/2001 13:52 ---------------------------

Fiona McNaught
14/05/2001 10:18
To:	Mike Jordan/LON/ECT@ECT, Andrew Cornfield/LON/ECT@ECT, Paul Freeman/EU/Enron@Enron
cc:

Subject:	MO Presentation

 << File: MO Update May 2001.ppt >>

<Embedded Picture (Device Independent Bitmap)>


My understanding is the same.  Content looks good.  Message points been
developed in the event they're needed?

Best,
Jeff

	James D Steffes
	11/20/2000 08:07 AM

		 To: Richard Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Jeff
Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Harry
Kingerski/NA/Enron@Enron
		 cc:
		 Subject: Draft letter to the CPUC

It is my understanding that this letter will be sent to the CPUC today.  I
don't have any reservations with the content or format.

Jim

----- Forwarded by James D Steffes/NA/Enron on 11/20/2000 08:05 AM -----

	Richard B Sanders@ECT
	11/20/2000 07:51 AM

		 To: James D Steffes/NA/Enron@Enron
		 cc:
		 Subject: Draft letter to the CPUC

----- Forwarded by Richard B Sanders/HOU/ECT on 11/20/2000 07:51 AM -----

	"Meringolo, Peter" <PMeringolo@brobeck.com>
	11/16/2000 03:27 PM

		 To: "'Richard.B.Sanders@enron.com'" <Richard.B.Sanders@enron.com>,
"'msmith1@enron.com'" <msmith1@enron.com>, "'Mary.Hain@enron.com'"
<Mary.Hain@enron.com>, "'David_Aamodt@pgn.com'" <David_Aamodt@pgn.com>,
"'Christian.Yoder@enron.com'" <Christian.Yoder@enron.com>, "'mday@gmssr.com'"
<mday@gmssr.com>, "Fergus, Gary S." <GFergus@brobeck.com>, "Stephen C. Hall
(E-mail)" <schall@stoel.com>
		 cc:
		 Subject: Draft letter to the CPUC

Please let either Gary or me know your thoughts and comments regarding the
below draft letter to the CPUC.

Thanks,

Peter

> PRIVILEGED AND CONFIDENTIAL
> ATTORNEY CLIENT COMMUNICATION
> ATTORNEY WORK PRODUCT
>
>
>
> Harvey Morris Esq.
> California Public Utilities Commission
> 505 Public Utilities Commission
> San Francisco, California   94102
>
>  Re:   I.00-08-002  Subpoenas Served on Enron Power Marketing, Inc.
> ("EPMI"), Enron Energy Services Operations Inc. and Enron Energy Services
> Inc. (collectively referred to as "EES"), Enron Energy Marketing
> Corporation ("EEMC"), and Portland General Electric Corporation ("Portland
> General")(collectively sometimes referred to as the "Enron Entities")
>
> Harvey,
>
>  I am writing in response to the various voicemail exchanges and
> phone calls between Michael Day, on behalf of the Enron Entities, and
> yourself during the past few weeks.  Here is the current status as we
> understand it.  Based upon the agreements we reached between October 6,
> 2000 and October 18, 2000 (date of your confirming email) the Enron
> Entities have made the following document productions in response to the
> subpoenas served by California Public Utilities Commission (the
> "Commission"):
>
> * October 13, 2000  Bate Nos. Enron Entities 000001-000025 on behalf
> of all Enron Entities Responsive to Request Nos. 1-11, 20.
>
> * October 27, 2000 Bate Nos. P000001-002115 on behalf of Portland
> General Responsive to Request Nos. 12, 14, 16 and 18.
>
> * November 14, 2000 Bate No. Enron Entities 000026 (Diskette with
> EES/EEMC retail data) Responsive to Request Nos. 7 to 11, 13, 15 to 17,
> and 19.
>
> * November 15, 2000 Bate No. P002116-002117 (Diskettes with Portland
> General Data, which include approximate 355,000 wholesale transactions)
> Responsive to Request Nos. 7 to 11, 13 to 17, and 19.
>
> We believe with these productions, we have complied with the October
> 6-18th agreement with respect to Portland General and EES/EEMC.  As you
> know, these productions were all made reserving the Enron Entities rights
> to object or challenge the subpoenas and reserving any claims, defenses,
> objections, jurisdictional or otherwise, or other responses.
>
>  We originally had hoped to have all of the Transactional Data for
> EPMI, as defined in our October 6th email, available for production by
> October 27th.  However, we were also mindful of your expressed expectation
> that any data provided be useful and reliable.  The collection of data you
> requested in the subpoenas is neither kept electronically in the same
> location nor organized as you requested it.  In fact during our review of
> some of the data we found significant errors that called into question the
> methodology by which the data was extracted from existing information.
> When it became apparent that we could not accurately estimate how long it
> would take to get reliable data given the volume of transactions involved,
> we informed you of the problem.  We now understand that if we cannot give
> you a firm date when the balance of the Transactional Data will be
> available, the Commission believes it will have no choice but to seek to
> compel production before the Federal Regulatory Energy Commission
> ("FERC").  We understand the pressure that you must be under to get data
> immediately, but we cannot, at this time, give you another date in the
> immediate future by which we are certain that we will be able to produce
> accurate data.
>
>  Moreover, during the iterim between October 18th and today, a number
> of significant events have occurred that we believe bear on the subpoenas
> served on the Enron entities.  First, we understand that many other
> parties who were served with the same subpoenas have not provided the
> detailed information requested and have objected on a variety of very
> sound legal grounds.  Second, the Commission itself has, without a hearing
> on the motion, unilaterally revised the proposed protective order that is
> supposed to govern these productions and summarily denied other changes
> sought by other parties served.  Third, the Commission has filed its
> motion before FERC seeking an order compelling the production of the data
> from those other parties that have objected and seeking an expedited
> hearing and production schedule.  We note that the reasons stated in the
> motion before FERC as the basis for the production are materially
> different than the reasons originally stated in the ex parte application
> to the Commission's own Administrative Law Judge who issued the subpoenas.
> Finally, FERC itself has completed its investigation and has issued a
> tentative order as of November 1, 2000.
>
>  Originally, the Enron Entities had been prepared to accept "most
> favored nation" treatment with respect to protective orders and requests
> by others to limit the scope of the subpoenas and produce information that
> was available.  However, given both the Commission's stated urgent need
> for an immediate answer that EPMI cannot in good faith give despite
> substantial effort (date for production of reliable and accurate
> Transaction Data) and the uncertainty created by the above described
> intervening events, EPMI believes it has no choice but to serve its formal
> objections and responses to the subpoenas and await the Commission's
> threatened motion to compel before FERC.
>
>  We also understand from our discussions with you that the Commission
> has created various lists or categories for the entities that have been
> served with subpoenas.  We understand that there is a list for those
> entities that have been cooperating, a list for those who have been
> delaying and a list for those who have been objecting and exercising their
> rights to challenge the subpoenas.  We understand that the Commission
> intends to punish, by whatever means it has available, those entities that
> object and exercise their rights to challenge the subpoenas.  We deplore
> these tactics, but despite all of the efforts to cooperate described
> above, we understand that EPMI may in fact be moved from the cooperating
> list to the group to be punished for exercising its rights.
>
>  If you have and questions or comments, please do not hesitate to
> contact me.
>
>         Sincerely,
>
>
>
>         Gary S.
> Fergus

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com


APPROVED


I just heard from Scott, and this second VPP has just closed.  Please write
up the physical deal tics regarding this add-on piece.  Remember, you will
not be receiving these second VPP vols physically until March.  When you get
a chance, please send me the deal tic - EB 3339F.  I will make sure people in
my area receive a copy.  When we receive the executed docs, I will make you a
copy.

joan


Macroeconomic Factor Analysis
Reported preliminary analysis results on macroeconomic time series.  Awaiting Craig's approval for buying bankruptcy rate data from D&B.

Recovery Rate Analysis
Understanding the data and performing analysis is in progress.

EES Private Firm Model
Completed model building and calibration.  Final reviewing and testing  is in progress.

Drivers for Ratings Downgrade
Prepared a report which will be discussed next week.

Experian Data
Reviewed information received on Experian database.  A model may be built using this data.  This model can work as a supplement to the models being built using D&B data.


John,

Thanks for your outlines.  Here are a couple of others that aren't kid
related.  The Choice is just 1 small piece but I love it.  Actually,  The
Choice moved me so much, I sold my piece of the business (Excel)  and
returned to Enron -  the rest is history.

Enjoy,
Mike

PS - We are way to similar!


Does anyone have this file?  The master was executed on 2/28/92.  Thanks.
Sara


Please see notes in file under credit comments. No comment indicates approval
to participate in the auction Online; however, Credit reserves the right to
require collateral for any bid submitted.

Your priority list #2 will follow in the same format this afternoon.

Call with questions,

Debbie


You Bet.  I may have you a helmet too.


Margaret,

Thanks.

Vince

Margaret Carson@ENRON
07/10/2000 08:20 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: CERA Alert--July 7, 2000

In  case you have not  yet  seen.Margaret
---------------------- Forwarded by Margaret Carson/Corp/Enron on 07/10/2000
08:15 AM ---------------------------

"Alerts@cera.com" <alerts on 07/07/2000 03:37:55 PM
To:
cc:

Subject: CERA Alert--July 7, 2000

European Gas CERA Alert: Signposts to a High Demand Path for Natural Gas: The
Large Combustion Plant Directive and German Nuclear Phaseout

Abstract
Two unrelated developments at the end of June both point in the direction of
a long-term high demand growth path for natural gas in Europe, consistent
with CERA's Blue Gold scenario. Both the approval of the Large Combustion
Plant Directive by EU environment ministers and the agreement on German
nuclear phaseout between the German government and industry could involve the
early removal of existing, low-cost generating plants from the European power
capital stock in the 2010-15 time period and their subsequent replacement by
natural gas-fired turbines.

**end**

Please see attachment for complete Alert.
NOTE: The attached file is a PDF document.
To view this file, you need the Adobe Acrobat reader installed on your
computer.
This software is available free of charge at http://www.adobe.com

 <<eg0707.pdf>>

 - eg0707.pdf


---------------------- Forwarded by Mary Hain/HOU/ECT on 02/01/2000 09:47 AM
---------------------------
From: Cooper Richey on 02/01/2000 09:18 AM
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: confidential (client-attorney)

revised excel workbook is attached

please forward to Ellen B.

Ellen - I added the statistic you wanted and updated the older ones (you'll
notice
slightly different prices/occurrences because I hadn't cut off the date at
Jan 1 2000 - i.e., the averages previously included the last month's worth of
data.)

 - c


5.85% Fixed Rate       Rates Have Fallen Again!!!  DO NOT MISS OUT!!  LET BANKS COMPETE FOR YOUR BUSINESS!!!  ALL CREDIT WELCOME    CLICK HERE FOR MORE INFO

Visit our website here to be removed .