How difficult issues are resolved in Illinois..........
---------------------- Forwarded by Richard Shapiro/NA/Enron on 11/30/2000
08:06 AM ---------------------------
From: Susan M Landwehr on 11/29/2000 10:08 PM
To: James D Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron
cc:

Subject:

Rick/Harry/Jim--- it's a tie this year for who is the worst player in the
energy business---I can't decide which is more appalling---  Commissioner
Ruth Kretschmer's blatant grab for her legacy or Commonwealth Edison's sleazy
tactics.

You'll recall that Com Ed has been trying to get accelerated collection of
the decommissioning costs ($120 mil per year for 6 years) despite the fact
tht they're planning on transferring their nuclear plants to an unregulated
Genco.  The battle has been ongoing at the ICC, and the customers and CUB and
other intervenors have been successful in getting the hearing examiner to
state that Com Ed should not be able to collect any dollars if they transfer
the assets.  Our hope was that the ICC would actually agree with the hearing
examiner and deny the request, and that Com Ed would have to go to the
legislature to get language that would allow them to collect.  The ICC has
not ruled yet.  Anticipating that COm Ed would simultaneously work the
legislative side,we have been working at the statehouse for about a month to
sow the seeds to make sure that we could block them enough to get a trade
such as a year or two of CTC early roll off.  The legislature is in veto
session right now, and Com Ed has not been able to get enough backing to move
a bill.

So....low and behold, a fax comes across this evening and it's a letter to
the ICC from Com Ed offering to donate 2 of it's nuclear station sites to the
citizens of Illinois to use as public parks after the sites are
decommissioned if they are given the full $120 mil/6 year collection. And
gee, do you think that maybe one of the parks would be named after the woman
who brought it to the people!!??

There has been a rumor for about a year that Ruth had been angling with John
Rowe to have one of the nuclear sites donated in her name, and she started
ruminating in public and in semi public meetings about 6 weeks ago about the
general concept.

Part of me wishes that we didn't have any business interests that need
protecting in Illinois, as I  really would like to give a quote to Crains or
the Tribune tomorrow slamming Kretschmer and Com Ed. Isn't this just the
height of arrongance and corruption??!!

I'll be sending out a general info e mail tomorrow on this development to the
Project Lincoln team and of course Roy that is a bit more sanitized, but
wanted you guys to know the real scoop (plus I think I just wanted to vent!)


EnronOnline
Trade Counts and Volume for May 1, 2001

			EXTERNAL		INTERNAL		TOTAL
COUNTRY	COMMODITY	CATEGORY	COUNT	QTY	COUNT	QTY	COUNT	QTY	UNIT OF MEASURE
Belgium	Natural Gas	Physical	          5 	           40,000 	        -   	                   -   	          5 	           40,000 	MMBtu
Canada	Natural Gas	Financial	        12 	      7,920,000 	        17 	      3,984,000 	        29 	    11,904,000 	MMBtu
Canada	Natural Gas	Financial Option	          1 	      2,151,750 	        -   	                   -   	          1 	      2,151,750 	MMBtu
Canada	Natural Gas	Physical	      316 	      9,241,788 	        -   	                   -   	      316 	      9,241,788 	MMBtu
Canada	Power	Financial	          7 	             4,791 	        -   	                   -   	          7 	             4,791 	MWh (Canada)
Netherlands	Power	Physical	          1 	           14,892 	        -   	                   -   	          1 	           14,892 	MWh
United Kingdom	Crude	Financial	          7 	         250,000 	        -   	                   -   	          7 	         250,000 	Barrel
United Kingdom	LPG	Financial	          3 	           10,000 	        -   	                   -   	          3 	           10,000 	mt
United Kingdom	Metals	Financial	      392 	           16,175 	        24 	             1,250 	      416 	           17,425 	LME Registered mt Lot
United Kingdom	Natural Gas	Physical NBP	        94 	    18,861,780 	        -   	                   -   	        94 	    18,861,780 	MMBtu
United Kingdom	Natural Gas	Physical NBP Option	          1 	         920,000 	        -   	                   -   	          1 	         920,000 	MMBtu
United Kingdom	Oil Products	Financial	          9 	           22,500 	        -   	                   -   	          9 	           22,500 	IPE mt
United Kingdom	Power	Physical	        19 	      1,496,880 	        -   	                   -   	        19 	      1,496,880 	MWh
United Kingdom	Sea Freight	Financial	          2 	                  18 	        -   	                   -   	          2 	                  18 	Sea Freight lt Lot
USA	Bandwidth	Physical	          1 	                  12 	        -   	                   -   	          1 	                  12 	DSO miles
USA	Coal	Physical	        -   	                   -   	          1 	                  11 	          1 	                  11 	COAL-Tons/Barges/Mnth
USA	Crude	Financial	      170 	      8,270,000 	        97 	      4,225,000 	      267 	    12,495,000 	Barrel per month
USA	Crude	Financial Option	        -   	                   -   	        11 	         550,000 	        11 	         550,000 	Barrel per month
USA	Crude	Physical	          2 	         243,000 	        -   	                   -   	          2 	         243,000 	Barrel per day
USA	Gas Pipeline Capacity	Physical	          1 	           10,000 	        -   	                   -   	          1 	           10,000 	MMBtu
USA	LPG	Financial	          8 	         215,000 	        -   	                   -   	          8 	         215,000 	Gallon
USA	LPG	Physical	          1 	           10,000 	        -   	                   -   	          1 	           10,000 	Gallon
USA	Natural Gas	Financial	   1,276 	  483,941,403 	      649 	  260,588,917 	   1,925 	  744,530,320 	MMBTU
USA	Natural Gas	Financial Option	        25 	    24,000,000 	        16 	    16,000,000 	        41 	    40,000,000 	MMBTU
USA	Natural Gas	Physical	   2,231 	    24,924,497 	        53 	         663,003 	   2,284 	    25,587,500 	MMBTU
USA	Oil Products	Financial	        17 	         992,739 	        -   	                   -   	        17 	         992,739 	Barrel
USA	Paper	Physical	          1 	                  21 	        -   	                   -   	          1 	                  21 	Short Tons (+/- 5%)
USA	Petchems	Physical	          2 	           30,000 	        -   	                   -   	          2 	           30,000 	Gallon
USA	Power	Financial	      100 	         872,264 	        75 	         451,199 	      175 	      1,323,463 	MWh
USA	Power	Physical	      575 	      6,972,084 	      135 	      2,343,702 	      710 	      9,315,786 	MWh
USA	Rate and Currency	Financial	        -   	                   -   	          4 	      9,300,000 	          4 	      9,300,000 	EUR/1
USA	Rate and Currency	Financial	        -   	                   -   	          2 	         800,000 	          2 	         800,000 	GBP/1
USA	Rate and Currency	Financial	        -   	                   -   	          5 	         419,355 	          5 	         419,355 	USD/1
USA	Weather	Financial	          4 	                  12 	        -   	                   -   	          4 	                  12 	Cooling Degree Day
			   5,283 		   1,089 		   6,372


Please have volumes by Feb 23 (Wed) @ 5:00pm est/4:00pm cst.

thanks
joann


Lance,  Kim was here on Friday.  I have asked Mark Taylor for his thoughts.  Michelle

 -----Original Message-----
From: 	Schuler, Lance
Sent:	Sunday, July 08, 2001 4:16 PM
To:	Cash, Michelle
Subject:	Contact information

New contact information for Kim Jacobson: home office is 713/666-1230; and email address is kajlaw@swbell.net  Any update on her taking a part-time position?  Thanks for all the help.  Lance.

W. Lance Schuler
Enron North America Corp.
1400 Smith Street
Houston, Texas  77002
Phone: 713/853-5419
Fax:  281/664-4890
Email:  lance.schuler-legal@enron.com


Today's mail brought the following news:

1.  Metropolitan Water District:  MWD has terminated Deal Nos. 790056.01 and 807275.01, effective December 12, 2001.  There are two other one-month deals, one beginning in February and one in March.  I am confirming with MWD that they intend to terminate those as well, as is required under the WSPP agreement.

2.  City of Vernon:  City of Vernon has terminated all deals effective December 27, 2001.

3.  WAPA is retaining monies due Enron for post-November 30 deliveries while WAPA "assess[es its] set-off rights under the Bankruptcy Code and other applicable law."

4.  City of Luzenac has suspended deliveries until January 15, 2002.

5.  City of Burbank has terminated all transactions immediately.


Dear Members:

The October 16, 2001 NERC Board of Trustees highlights are now posted,
in Acrobat 5.0, at the following URL:

ftp://www.nerc.com/pub/sys/all_updl/docs/bot/bot0110h.pdf

Please let me know if you have any trouble opening the file.

Bob Cummings
NERC
Director - Projects


The weekly PR Direct Reports Staff Meeting scheduled for today is being rescheduled for 1:30 pm tomorrow, Tuesday, November 27th in EB 50M.

All PR employees are invited to attend.  If you are unable to attend, the dial-in number is 800-991-9019 (domestic) or 847-619-8039 (international).  The passcode is 7541192#.

Please call Leslie Hiltabrand at x35670 if you have any questions.


Should we get Greg and ENE OTC to send an email out today saying something like:

In light of all of the recent extraordinary business matters that have been facing us we have held of launching the traditional year end PRC process.
Many of you will recall in our response to the lay it on the line survey we had announced several changes to this process primarily deigned to clarify the purpose of the PRC meetings and streamline the process.
However, given all that has happened in the last 3 weeks and all the critical business matters including the strategic review of our core and non-core businesses, we have concluded that it would be wise not to dictate we follow the previously announced guidelines.
Specifically, we will delegate to each of the business unit leads to decide whether they want to use the 360 PEP electronic feedback process and what form they would like to undertake any relative talent discussions.
Please look for further details and direction on the above from your BU lead in the next few days.
While we hope you understand that we need to make sure that we channel our efforts appropriately at this difficult time, we would want to make sure that everyone understands that:
	1. We will have a bonus process. This will be conducted largely as in the past, but with a particular emphasis on those employees		 		critical to business operations and ensuring our ability to successfully complete our proposed merger with Dynegy.
	2. If there is a rationalisation of headcount following our strategic business review of core and non-core, this will be conducted			 appropriately. Our PRC process will not be the sole determinant in any such process, many other factors will be considered and as such			 this will be a separate process.

Need help with last 2 bullets! Question is whether to send now or wait for another 3 weeks.

What d'ya think?

David


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 08/25/2000
03:54 PM ---------------------------

Stacy Chang <Schang@cook-inlet.com> on 08/25/2000 02:49:15 PM
To: Matthew Lenhart <Matthew.Lenhart@enron.com>
cc:

Subject: Do not try this at home - its more painful then it looks. :)

 Do not try this at home - its more painful then it looks. :)

  <<pool.mpg>>

 - pool.mpg


[IMAGE]
 Anna Kournikova Exclusive Fantasy Offer!  Save 10% on Anna's 2002 Calendar! Yes 12 months of Anna!  Simply enter the coupon code FNTSYCAL in step 5 of the checkout process to receive your discount.  Offer expires 11/30/01.  http://www.sportsline.com/links/6/1/135/sffer1120tr.cgi   Attention Fantasy Fans!  Subscribe to The Sporting News  now and get 4 FREE issues! Hurry!   Brought to you by   Sponsorship Bar You are receiving these e-reports because you have signed up for CBS SportsLine.com Fantasy Football.  To customize, reschedule, or turn off these reports please  click here    NFL Reports, Player Updates  [IMAGE]Latest NFL Player News  Keenan McCardell , WR JAC - Blue Star Boys Updated 11/25/01 McCardell caught six passes for 80 yards against Baltimore. He has certainly raised the level of his play in recent weeks, and should be a solid Fantasy player down the stretch as opponents continue to focus on Jimmy Smith.  Stacey Mack , RB JAC - High Shrivel Factor Updated 11/25/01 Mack rushed for 50 yards and two TDs and caught five passes for 45 yards against the Ravens. Despite his good outing, Mack remain! s ! a Fantasy risk because of his inconsistency.   Qadry Ismail , WR BAL - South Park Cows Updated 11/25/01 The Jaguars held Ismail to three catches for 44 yards. Despite his quiet statistical performance, Ismail remains a must-start player for any Fantasy team. He is one of the most complete and underrated receivers in the AFC.  Jason Brookins , RB BAL - High Shrivel Factor Updated 11/25/01 Brookins rushed for 82 yards and two TDs at Jacksonville, but also lost a fumble. The rookie RB is talented, but too erratic to be a Fantasy starter on most teams right now.  Ron Dayne , RB NYG - Money Shots Updated 11/25/01 Dayne carried the ball six times for 26 yards against Oakland. Don't depend on him for good numbers during the remainder of the season.  Tiki Barber , RB NYG - Dallas Demon Horde Updated 11/25/01 Barber rushed for 124 yards and a TD against Oakland, and caught five passes for 41 yards. He has played well recently, ! al! though his owners would still like to see him score on a more consistent basis.  LaDainian Tomlinson , RB SD - Barking Spiders Updated 11/25/01 Tomlinson was held out of the end zone, but he had a good day against Arizona nonetheless. The rookie tailback had 145 scrimmage yards, including 13 receptions, in San Diego's 20-17 loss.   Doug Flutie , QB SD - Water Boys Updated 11/25/01 Flutie had a solid game, throwing for 308 yards and two touchdowns against Arizona. However, he's only worth starting when the matchup is to his advantage. !   Jake Plummer , QB ARI - Free Agent Updated 11/25/01 Plummer had a decent outing on Sunday, posting 241 yards and a touchdown against San Diego. Plummer, who also threw two picks, is only a reserve Fantasy quarterback at best.   David Boston , WR ARI - Blue Star Boys Updated 11/25/01 Boston had another outstanding game, catching six passes for 121 yards and a touchdown against San Diego. He's one of the most reliable Fantasy receivers in the league, and is worth starting on a weekly basis.   Willie Jackson , WR NO - Lake Austin Mighty Mullets Updated 11/25/01 Jackson had a good outing against New England, catching five catches for 78 yards and a touchdown. He may not be the most dependable Fantasy receiver, but he is worth starting in deeper leagues.   Joe Horn , WR NO - Addison Red Cornholes Updated 11/25/01 Horn had another solid outing, catching four passes for 97 yards against New England. He's been a very dependable receiver in recent weeks and is worth starting on a weekly basis.  Tyrone Wheatley , RB OAK - Water Boys Updated 11/25/01 In his return from a knee injury, Wheatley carried the ball five times for 17 yards. Zack Crockett was used more often in short-yardage packages, and Wheatley does not appear capable of starting for any Fantasy team in the near future. Even when he is fully healthy, he may not be able to take many carries away from Charlie Garner.  Antowain Smith , RB NE - CYSWC Updated 11/25/01 Smith had 153 yards of total offense and two touchdowns against New Orleans. After a slow start, Smith has become a pretty goo! d ! weekly option for Fantasy Footballers  Tom Brady , QB NE - Beer Gut Boys Updated 11/25/01 Brady put up huge numbers against New Orleans, posting 258 yards passing and four touchdowns. He's become a pretty reliable Fantasy player, and his performance will likely keep Drew Bledsoe on the Patriots' bench for another week.  Rich Gannon , QB OAK - Dallas Demon Horde Updated 11/25/01 Gannon threw for 221 yards, three TDs and no interceptions against the Giants. He ignored rain-soaked conditions, and continued to look like the most reliable QB in Fantasy Football.  Frank Sanders , WR ARI - Addison Red Cornholes Updated 11/25/01 Sanders left Sunday's game against San Diego after re-aggravating a hamstring injury. He was replaced by MarTay Jenkins, and did not return to the game.  Eric Moulds , WR BUF - Barking Spiders Updated 11/25/01 Moulds finally emerged from an extended slump, catching six passes for 196 yards and ! tw! o TDs against Miami. He also lost a fumble, and Fantasy owners should still remember that Moulds has been a disappointment for most of the year. Don't be surprised if he follows his best outing of the year with a mediocre performance.  Alex Van Pelt , QB BUF - Lake Austin Mighty Mullets Updated 11/25/01 Van Pelt had another fine game, throwing for 309 yards, three TDs and one interception. He is definitely merits strong Fantasy consideration as long as he remains in Buffalo's starting lineup.  Oronde Gadsden , WR MIA - Dallas Demon Horde Updated 11/25/01 Gadsden caught eight passes for 118 yards at Buffalo. He did not catch a TD pass, though, and lost a fumble. Gadsden is too unreliable to start for most Fantasy teams in these important final weeks.  Jay Fiedler , QB MIA - Beer Gut Boys Updated 11/25/01 Fiedler threw for 262 yards, three TDs and no interceptions at Buffalo. His performance may have quieted talk of a QB controversy, but Fiedler is still too inconsistent to be a dependable Fantasy QB.  Donovan McNabb , QB PHI - Addison Red Cornholes Updated 11/25/01 The Redskins held Mc! Na! bb to 92 passing yards and 39 rushing yards, with no TDs or interceptions. Expect the Philadelphia QB to rebound quickly from such a quiet performance.  James Thrash , WR PHI - Barking Spiders Updated 11/25/01 Thrash caught four passes for 32 yards against Washington. He is too inconsistent to be a starter on better Fantasy teams as the playoffs approach.   Rod Gardner , WR WAS - Water Boys Updated 11/25/01 Gardner caught four passes for only 33 yards on Sunday. The rookie has slowed down considerably in the past few weeks, and now seems like a risk during the Fantasy homestretch.   Ki-Jana Carter , RB WAS - Free Agent Updated 11/25/01 Carter saw extensive action on Sunday as Stephen Davis played through back problems. He carried 18 times for 56 yards, and is a good backup to have if Davis in on your Fantasy team. Davis has always been known to battle minor injuries.  Isaac Byrd , WR CAR - Free Agent Updated 11/25/01 Byrd started in place o! f ! the injured Muhsin Muhammad on Sunday. He posted decent Fantasy numbers in Muhammad's absence, catching five passes for 69 yards in Carolina's 10-7 loss to Atlanta.   Muhsin Muhammad , WR CAR - Dallas Demon Horde Updated 11/25/01 Muhammad missed Sunday's game against Atlanta due to a shoulder injury. His status for next weekend's game against New Orleans is unknown at this time.   Derrick Alexander , WR KC - CYSWC Updated 11/25/01 Alexander caught two passes for 56 yards in his return from a rib injury. He was not open often, and Alexander may continue to be a Fantasy disappointment if he stays healthy.  Chris Chandler , QB ATL - CYSWC Updated 11/25/01 Chandler had a subpar game on Sunday, throwing for only 132 yards against Carolina. The Falcons chose to attack Carolina with their ground game, which was the reason for Chandler's poor Fantasy numbers.   Derrick Alexander , WR KC - CYSWC Updated 11/25/01 Alexander caught two passes for 56 yards in his return from a! r! ib injury. He was not open often, and Alexander may continue to be a Fantasy disappointment if he stays healthy.  More Updates  Transactions, View  [IMAGE]Transactions Date Time Player Team Transaction Effective Cost!  11/23/01 4:59 PM Christian, Bob Aryan Brother Inc. Signed Week 11   11/23/01 4:59 PM Faulk, Kevin Aryan Brother Inc. Released Week 11 $2  Schedule, Breakdown  [IMAGE] CYSWC Player Pos Points Adjustment    3.0 Garcia, Jeff  QB 13.0 Dillon, Corey  RB 0.0 Smith, Maurice  RB 0.0 Freeman, Antonio  WR 6.0 Mason, Derrick  WR 12.0 Scott, Darnay  WR 0.0 Lewis, Chad  TE 0.0 Nedney, Joe  K 8.0 Raiders  DT 3.0   [IMAGE] TOTAL   45.0   [IMAGE] Redmond, J.R.  RB 0.0 Chandler, Chris  QB 0.0 Alexander, Derrick  WR 0.0 Bills  DT 4.0 Clark, Desmond  TE 0.0 Parker, Larry  WR 0.0 Smith, Antowain  RB 38.0 Vinatieri, Adam  K 4.0   [IMAGE] at Dallas Demon Horde Player Pos Points Gannon, Rich  QB 34.0 Barber, Tiki  RB 23.0 Faulk, Marshall  RB 0.0 Bruce, Isaac  WR 0.0 Gadsden, Oronde  WR 12.0 Hilliard, Ike  WR 0.0 Crumpler, Alge  TE 0.0 Brown, Kris  K 10.0 Jaguars  DT 6.0   [IMAGE] TOTAL   85.0   [IMAGE] Anderson, Gary  K 8.0 Collins, Kerry  QB 0.0 Becht, Anthony  TE 0.0 Galloway, Joey  WR 0.0 Henry, Travis  RB 14.0 Minor, Travis  RB 0.0 Muhammad, Muhsin  WR 0.0 Vikings  DT 3.0   [IMAGE]  Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com   FB10SP


I need your SS #'s for my beneficiary form.

Jerry, please forward to Don, I couldn't email him the other day.


Andreas,

Am I entitled to bringing one delegate as a guest, free of charge?
Some conferences offer such privileges.

Vince

"Andreas Simou" <andreas.simou@garp.com> on 12/04/2000 06:31:37 AM
To: <Undisclosed-Recipient:@mailman.enron.com;>
cc:
Subject: GARP 2001 Convention

Dear GARP 2001 Speaker
?
This is just a quick note to keep you up-to-date  with developments at the
GARP 2001 Convention, which will be  held in New York between 12th and 15th
February, 2001.
?
Thus far, GARP 2001 looks set to far exceed our  expectations and GARP 2000.
There has been a great deal of interest in the 2001  Convention. Delegate
bookings have been much higher than this time last year. As  a result, we are
set to far exceed the number of delegates that attention  earlier this year.
The three workshops and the one-day Asset Management Forum  are also very
well received and will probably reach full capacity. I will of  course
provide you with much fuller details closer to the time of the  event.
?
Regarding the event itself, I would like a few  outstanding issues:
?
1. Presentations: can you please  e-mail your presentation to me by 15th
December, so that I have  enough time to reproduce them and place them in a
delegate pack for the  Convention. (Given the break of the Christmas and New
York period, and that the  event is being held in New York, I am sure you can
appreciate that there are  certain logistical factors that need to be taken
into account, hence the reason  why the presentations are required as soon as
possible). This is purely for  reproduction, we also request you bring your
presentation to the Convention  on the day in either a floppy disc or a
laptop.
?
2. Audio-Visual Requirements: can  you please inform me of what audio-visual
requirements you may have (35mm  slides; OHP; LCD projection - notably
PowerPoint).
?
3. Check list: I have attached a  check list for your information. If you
have not returned this already, can you  please read and fax it to my
colleague, Claire as soon as possible.
?
If you have any questions or queries, please do not  hesitate to contact me,
otherwise I eagerly await your response in due  course.
?
I look forward to seeing you in New York in  February.
?
Kind regards
?
Andreas

_____________________________
Andreas  Simou
GARP 2001 - Conference Producer
Tel? +44 (0) 20 7626  9301
Fax +44 (0) 20 7626 9900
?
Don't miss the GARP 2001 Convention,
program  details via our web site
www.garp.com
 - speaker checklist.doc


There is no change from my previous approvals for the only counterparty on
the 3/30/00 list, so I am not sending that list.

On the list for 3/31/00, first, David Minns is in the Houston office today,
so I gave the response today for the one Australian counterparty on this
list.  We are meeting with Mark on Wednesday to try and figure out the
approval process for Australia, so maybe after Wednesday I'll start
responding for them.

Second, on this list please note that there are no counterparties that have
been indicated as credit derivative counterparties, so none of the
counterparties on this list should be approved to trade credit derivatives
(even though I haven't "X'ed" them out).


do you have znaders email


FYI
 -----Original Message-----
From: 	Swain, Steve
Sent:	Thursday, August 23, 2001 1:58 PM
To:	Steffes, James D.; Curry, Wanda; Ruffer, Mary Lynne
Subject:	ATTORNEY LIENT PRIVILEGE -- Latest CTC analysis

All,

Here is the latest version, summary page only.  Let me know if you have questions, comments.  Thanks...


Bob Badeer is handling the negotiations of the index changes, and he has
assured me that all deals liquidating within this month have been updated.
He is still working out the other deals.  If this is causing you any
difficulty, please let me know.

Thanks,
Monica

	Enron Capital & Trade Resources Corp.

	From:  Kimberly Allen                           02/14/2001 11:41 AM

To: Monica Lande/PDX/ECT@ECT, Kate Symes/PDX/ECT@ECT
cc: Melissa Ann Murphy/HOU/ECT@ECT
Subject: Re: Index forwards/swaps

Kate & Monica, do you know when these will be changed in Enpower to reflect
the Dow Jones Index?

Thanks,

Kimberly Indelicato
---------------------- Forwarded by Kimberly Allen/HOU/ECT on 02/14/2001
01:41 PM ---------------------------

	Enron North America Corp.

	From:  Kimberly Allen                           02/08/2001 09:29 AM

To: Kate Symes/PDX/ECT@ECT
cc: Monica Lande/PDX/ECT@ECT
Subject: Re: Index forwards/swaps

Hey Ladies! Just wondering when these trades might be changed within Enpower?

Thanks,

Kimberly

   Kate Symes                02/06/2001 01:09 PM

To: Kimberly Allen/HOU/ECT@ECT
cc:
Subject: Re: Index forwards/swaps

Monica Lande also came up with a list of our outstanding deals with the PX.
It contains most of the same deals that are found in your spreadsheet, and a
few that aren't. Also, Bob Badeer has become the leader-by-default of this
"project." Let me know if you'd like me to talk with him about our progress
or have him call you. I'm not sure how involved you are, or how involved
you'd like me to be, but I thought I'd keep you up to date on the happenings
over here. Again, please let me know how I can help.

Thanks,
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 02/06/2001 11:05 AM
---------------------------

Monica Lande
02/06/2001 09:59 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Index forwards/swaps

Monica Lande
02/02/2001 10:34 AM
To: Robert Badeer/HOU/ECT@ECT
cc:
Subject: Index forwards/swaps


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

Request ID          : 000000000010092
Request Create Date : 12/12/00 3:00:54 PM
Requested For       : diane.goode@enron.com
Resource Name       : Unlisted Application/Software
Resource Type       : Applications


---------------------- Forwarded by David Forster/LON/ECT on 03/07/2000 01:48
AM ---------------------------

David Minns@ENRON_DEVELOPMENT
03/05/2000 10:37 PM
To: David Forster/LON/ECT@ECT
cc:

Subject: Re: Australian ETA

Attached are the original changes made to the ENA ETA.  This document was
sent to outside counsel for comment. The changes they suggested are are in
Annexure B to their advice that I  circulated by 28 Feb email. (I will
resend.)

his

David Forster@ECT
03/02/2000 11:35 AM
To: Mark Taylor/HOU/ECT@ECT
cc: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Australian ETA

Mark,

The ETA does contain some redlines (Tools/Highlight Changes). Not sure if
these reflect changes from NA or not - perhaps David Minns can shed some
light?

Dave

Mark Taylor
03/02/2000 01:07 AM
To: David Forster/LON/ECT@ECT
cc:

Subject: Re: Australian ETA

Dave - Do we have a copy of this marked to show the changes fromt he NA ETA?

David Forster
02/29/2000 09:55 AM
To: Mark Taylor/HOU/ECT@ECT
cc: Mark Dilworth/LON/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT
Subject: Australian ETA

Mark,

We have customers who are now filling out the new form of the Australian PA.
As a result, we will need an Online Australian ETA very shortly.

Can you please approve/disapprove of the ETA form forwarded by David Minns?
(copy attached). Once we have your approval, we will put it on the system.

Thanks,

Dave


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Southwest Airlines is looking for hardworking, fun-loving folks
to fill immediate job openings.

To find the opening thats right for you please visit us at:
http://www.southwest.com/careers?src=e031202

=================================================================
SOUTHWEST.COM NEWS ON THE FLY
=================================================================
1. southwest.com Click 'n Save Internet Specials
2. Systemwide specials from $39 to $99
3. Select markets for $34 each way
4. Friends Fly Free - Long Island/Islip, NY to/from Providence, RI
5. Take advantage of Best Westerns BestRates(R) promotion
6. Subscriber Information

=================================================================
southwest.com Click 'n Save Internet Specials
=================================================================
Albany, NY
 $65 one-way, to/from Raleigh-Durham, NC

Albuquerque, NM
 $87 one-way, to/from Las Vegas, NV

Amarillo, TX
 $34 one-way, to/from Dallas Love Field, TX
 $84 one-way, to/from Houston Bush Intercontinental, TX
 $84 one-way, to/from Houston Hobby, TX

Austin, TX
 $34 one-way, to/from Dallas Love Field, TX
 $34 one-way, to/from Harlingen/South Padre Island, TX
 $34 one-way, to/from Houston Hobby, TX
 $34 one-way, to/from Midland/Odessa, TX

Baltimore Washington Int'l, MD
 $84 one-way, to/from Jacksonville, FL

Birmingham, AL
 $71 one-way, to/from St. Louis, MO
 $61 one-way, to/from Tampa Bay, FL

Boise, ID
 $72 one-way, to/from Las Vegas, NV

Buffalo/Niagara Falls, NY
 $83 one-way, to/from Nashville, TN

Burbank, CA
 $57 one-way, to/from Tucson, AZ

Chicago Midway, IL
 $76 one-way, to/from Long Island/Islip, NY

Cleveland, OH
 $59 one-way, to/from Indianapolis, IN

Columbus, OH
 $82 one-way, to/from Hartford, CT/Springfield, MA
 $84 one-way, to/from Providence, RI

Corpus Christi, TX
 $66 one-way, to/from Dallas Love Field, TX
 $34 one-way, to/from Houston Hobby, TX

Dallas Love Field, TX
 $34 one-way, to/from Amarillo, TX
 $34 one-way, to/from Austin, TX
 $66 one-way, to/from Corpus Christi, TX
 $82 one-way, to/from Harlingen/South Padre Island, TX
 $34 one-way, to/from Houston Bush Intercontinental, TX
 $34 one-way, to/from Houston Hobby, TX
 $34 one-way, to/from Little Rock, AR
 $34 one-way, to/from Lubbock, TX
 $34 one-way, to/from Midland/Odessa, TX
 $34 one-way, to/from Oklahoma City, OK
 $34 one-way, to/from Tulsa, OK

Detroit, MI
 $59 one-way, to/from Louisville, KY

El Paso, TX
 $86 one-way, to/from Las Vegas, NV

Ft. Lauderdale/Hollywood, FL
 $70 one-way, to/from Norfolk, VA/Southern Virginia

Harlingen/South Padre Island, TX
 $34 one-way, to/from Austin, TX
 $82 one-way, to/from Dallas Love Field, TX
 $34 one-way, to/from Houston Hobby, TX
 $34 one-way, to/from San Antonio, TX

Hartford, CT/Springfield, MA
 $82 one-way, to/from Columbus, OH

Houston Bush Intercontinental, TX
 $84 one-way, to/from Amarillo, TX
 $34 one-way, to/from Dallas Love Field, TX

Houston Hobby, TX
 $84 one-way, to/from Amarillo, TX
 $34 one-way, to/from Austin, TX
 $34 one-way, to/from Corpus Christi, TX
 $34 one-way, to/from Dallas Love Field, TX
 $34 one-way, to/from Harlingen/South Padre Island, TX
 $34 one-way, to/from San Antonio, TX

Indianapolis, IN
 $59 one-way, to/from Cleveland, OH

Jackson, MS
 $78 one-way, to/from San Antonio, TX

Jacksonville, FL
 $84 one-way, to/from Baltimore Washington Int'l, MD

Kansas City, MO
 $68 one-way, to/from Little Rock, AR

Las Vegas, NV
 $87 one-way, to/from Albuquerque, NM
 $72 one-way, to/from Boise, ID
 $86 one-way, to/from El Paso, TX

Little Rock, AR
 $34 one-way, to/from Dallas Love Field, TX
 $68 one-way, to/from Kansas City, MO
 $61 one-way, to/from Tulsa, OK

Long Island/Islip, NY
 $76 one-way, to/from Chicago Midway, IL

Los Angeles, CA
 $64 one-way, to/from Reno/Tahoe, NV

Louisville, KY
 $59 one-way, to/from Detroit, MI

Lubbock, TX
 $34 one-way, to/from Dallas Love Field, TX
 $78 one-way, to/from Oklahoma City, OK

Manchester, NH
 $70 one-way, to/from Norfolk, VA/Southern Virginia

Midland/Odessa, TX
 $34 one-way, to/from Austin, TX
 $34 one-way, to/from Dallas Love Field, TX

Nashville, TN
 $83 one-way, to/from Buffalo/Niagara Falls, NY
 $75 one-way, to/from Omaha, NE
 $79 one-way, to/from Orlando, FL

New Orleans, LA
 $81 one-way, to/from San Antonio, TX

Norfolk, VA/Southern Virginia
 $70 one-way, to/from Ft. Lauderdale/Hollywood, FL
 $70 one-way, to/from Manchester, NH

Oakland, CA
 $78 one-way, to/from Phoenix, AZ
 $65 one-way, to/from Seattle/Tacoma, WA

Oklahoma City, OK
 $34 one-way, to/from Dallas Love Field, TX
 $78 one-way, to/from Lubbock, TX

Omaha, NE
 $75 one-way, to/from Nashville, TN

Ontario, CA
 $70 one-way, to/from Salt Lake City, UT

Orlando, FL
 $79 one-way, to/from Nashville, TN

Phoenix, AZ
 $78 one-way, to/from Oakland, CA

Portland, OR
 $62 one-way, to/from San Jose, CA

Providence, RI
 $84 one-way, to/from Columbus, OH

Raleigh-Durham, NC
 $65 one-way, to/from Albany, NY
 $70 one-way, to/from West Palm Beach, FL

Reno/Tahoe, NV
 $64 one-way, to/from Los Angeles, CA

Sacramento, CA
 $74 one-way, to/from Spokane, WA

Salt Lake City, UT
 $70 one-way, to/from Ontario, CA
 $76 one-way, to/from San Diego, CA
 $68 one-way, to/from Spokane, WA

San Antonio, TX
 $34 one-way, to/from Harlingen/South Padre Island, TX
 $34 one-way, to/from Houston Hobby, TX
 $78 one-way, to/from Jackson, MS
 $81 one-way, to/from New Orleans, LA

San Diego, CA
 $76 one-way, to/from Salt Lake City, UT

San Jose, CA
 $62 one-way, to/from Portland, OR

Seattle/Tacoma, WA
 $65 one-way, to/from Oakland, CA

Spokane, WA
 $74 one-way, to/from Sacramento, CA
 $68 one-way, to/from Salt Lake City, UT

St. Louis, MO
 $71 one-way, to/from Birmingham, AL

Tampa Bay, FL
 $61 one-way, to/from Birmingham, AL

Tucson, AZ
 $57 one-way, to/from Burbank, CA

Tulsa, OK
 $34 one-way, to/from Dallas Love Field, TX
 $61 one-way, to/from Little Rock, AR

West Palm Beach, FL
 $70 one-way, to/from Raleigh-Durham, NC

For complete information, please visit:
http://www.southwest.com/jp/hotfares2.shtml?src=e031202

=================================================================
IMPORTANT DETAILS
=================================================================
*Available only on southwest.com.
*21-day advance purchase required.
*Available on published, scheduled service.
*Fares shown are one-way and do not include federal
 excise tax of $3.00 for each flight segment.
 (a segment is defined as a takeoff and landing)
*Fares do not include airport-assessed passenger facility
 charges (PFC) of up to $9 and government-imposed September 11th
 Security Fee of up to $5 one-way.
*Fares are nonrefundable, but (except for tickets
 purchased through our Group Tickets Program)
 may be applied toward future travel on Southwest Airlines.
*Travel April 2, 2002 through August 3, 2002, except May 24
 and 27, and July 7, 2002.
*Purchase through March 14, 2002,  midnight Pacific Time.
*Fares are available one-way or can be combined
 with other fare types.  Most restrictive rules of combined
 fares will apply.
*Penalty applies to any changes made after purchasing
 Southwest Internet Specials.
*Orange County, CA not included in this sale.

For more details, please visit us at:
http://www.southwest.com/jp/hotfares2.shtml?src=e031202

=================================================================
SYSTEMWIDE SPECIALS FROM $39 TO $99
=================================================================
Promotional fares from $39 to $99 for travel Tuesday, Wednesday,
or Saturday.  Fares may be higher for travel Monday, Thursday,
Friday, or Sunday.

*7-day advance purchase required.
*Travel March 19, 2002 through August 3, 2002.
*Purchase March 12, 2002 through March 18, 2002, midnight
 Pacific Time.
*Fare is each way with roundtrip purchase.
*Fare does not include a federal excise tax of $3.00 per takeoff
 and landing.
*Fare does not include airport-assessed passenger facility
 charges (PFC) of up to $18 and government-imposed September 11th
 Security Fee of up to $10 roundtrip.

For more details, please visit us at:
http://www.southwest.com/hotfares/genmkt_030102.html#promo?src=e031202

=================================================================
SELECT MARKETS FOR $34 EACH WAY
=================================================================
*7-day advance purchase required.
*Fare is valid for travel 7 days a week.
*Travel March 19, 2002 through August 3, 2002.
*Purchase March 12, 2002 through May 18, 2002, midnight
 Pacific Time.
*Fare is each way with roundtrip purchase.
*Fare does not include a federal excise tax of $3.00 per takeoff
 and landing.
*Fare does not include airport-assessed passenger facility
 charges (PFC) of up to $18 and government-imposed September 11th
 Security Fee of up to $10 roundtrip.

For more details including a complete list of markets,
please visit us at:
http://www.southwest.com/hotfares/genmkt_030102.html#select?src=e031202

=================================================================
FRIENDS FLY FREE
=================================================================
Long Island/Islip, NY to/from Providence, RI for $49 each way
and bring a friend for FREE!

*3-day advance purchase required.
*Travel March 15, 2002 through August 3, 2002.
*Purchase March 12, 2002 through May 23, 2002, midnight
 Pacific Time.
*Fare is each way with roundtrip purchase.
*Fare does not include a federal excise tax of $3.00 per takeoff
 and landing for the fare-paying Customer.
*Fare does not include airport-assessed passenger facility
 charges (PFC) of $6 and government-imposed September 11th
 Security Fee of up to $5 roundtrip, per person.

For more details, please visit us at:
http://www.southwest.com/hotfares/fff.html?src=e031202

=================================================================
ADDITIONAL INFORMATION
=================================================================
Additional information you need to know about all of our
air fare specials:

*Changes to any portion of the reservation
 (flight, dates, cities, and/or names of passengers),
 once purchased, will result in the cancellation of
 the ENTIRE reservation and rebooking at the lowest
 fare available which could result in a fare increase.
*Southwest specials are nonchangeable
 and nonrefundable.
*Ticketless Travel may be purchased online using
 either a credit card or by utilizing funds from a
 previously unused or cancelled Ticketless
 Travel reservation(s).  Funds from up to four cancelled
 or unused Ticketless Travel reservation records can
 be combined to purchase a new Ticketless Travel
 reservation record.  Southwest Airlines travel credit
 travel vouchers, gift certificates, and discount coupons)
 may not be used as forms of payment for
 Ticketless Travel Online.
*Unused funds may be applied toward future travel on
 Southwest Airlines within one year of the original purchase date.
*Seats are limited and won't be available on some
 flights that operate during very busy travel times
 and holiday periods such as Presidents Day and Memorial Day.
*Standby travel requires an upgrade to the
 full unrestricted fare.

=================================================================
BEST WESTERN BESTRATES(R) PROMOTION
=================================================================
Itching to take a little trip? Now would be a great time.

With rates so attractive and 2,300 Best Western hotels throughout
North America, you may need an extra suitcase Just to carry home
all the extra souvenirs you'll be buying. Book a Best Western
room by March 31, 2002 to take advantage of our BestRates(R)
promotion.

For more details, please visit us at:
http://www.southwest.com/hotfares/hotfares_hotels.html?src=e031202

=================================================================
SUBSCRIBER INFORMATION
=================================================================
Please pass this great news on to your friends.
To subscribe to Southwest Airlines Click 'n Save E-mail
Updates, visit:
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Remember, if you change your Internet service provider,
you will need to unsubscribe and resubscribe in order
to continue receiving Click 'n Save E-mail Updates.
For administration of your e-mail subscription, please visit:
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=================================================================
You may retrieve and print a copy of your Southwest
Airlines Ticketless Travel at:
http://www.southwest.com/travel_center/retrieveItinerary.html

Questions about your flight arrival or departure time?
Please visit us at:
http://www.southwest.com/cgi-bin/selectFlight

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

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Please do not attempt to respond to this message.

Copyright 2002 Southwest Airlines Co. All Rights Reserved.

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You can unsubscribe anytime at http://www.southwest.com/email/


Highlights of AB21X that passed the AB and new Bowen version:

AB 21X contained:     Changes in new Bowen SB 27

before effective date, customer can go DA without limitation  but only if
customer was not purchasing from utility after Jan 17.  Exit fee may apply if
customer was purchasing from utility after Jan 17
existing DA can stay DA
after effective date, customer can go DA upon payment of exit fee based on
DWR's unavoidable costs
after effective date, customer can go DA w/o exit fee if using self-gen or
cogen and with 180 days advance notice  DELETE
re-entry fee applies for return to bundled service from DA, unless 12 months
advance notice is given opportunity to avoid with 12 months advance notice is
deleted
portion of the customer's load served by utility is not limited from going DA
under this bill  DELETE
load growth may be used to allow residential and small commercial to go DA
w/o exit fee   DELETE
Commission notifies customers of their choices within 30 days of effective
date   90 days

The first point is the most critical.  It exposes customers to exit fees if
they go DA before the effective date.  If we can argue to the DWR that no
costs were really incurred by them - in fact, their burden was relieved by
load going DA - this problem goes away.  Better to clarify in the legislation
if we can.  Other than that, a couple of the Christmas tree ornaments have
been taken off.  (These were nice, but, let's be realistic).

Seems to me this is still a pretty good bill!  (especially if we can clarify
that CPUC's new 3 cent surcharge doesn't apply to DA. )  With either bill, we
still have the issue of how to measure net avoidable DWR costs for exit fee
purposes.


Starting next Wednesday you have EB30C2 for your Fundies Meeting from 3:00 PM to 4:30 PM

-Ina


For the year

My NYMX book is a positive $138410.00 with the trade I did today.  This
morining it should have been $123035.00.

I still have only 3 physical deals (all desk to desk) in my book, all valued
at CNG IF flat.  I still don't see how I can have negative P&L of $128,818.


Trailblazer
Gathering information for HSR filing.  HSR process expected to take 15 days.
Bankruptcy court approval will follow asset sale process.  Lawyers will propose a general process to the judge shortly.  Once approved, we will submit information associated with the bidding process to the court to follow process.
Expected closing by end Jan/early Feb.

MOPS
Putting together checklist to ensure all of our obligations under the agreement are met on a timely basis.

EOTT Liquids
Discussions commencing with Noble, Phillips and Vitol for proposals on the liquids business.
GP sale is going forward in parallel.
Vitol has submitted a proposal for a short-term deal.
Noble proposal expected shortly for a longer-term deal.
Phillips may propose to buy the MTBE facility, but discussions with them are moving more slowly than with the others.

Stephen Dowd
Enron Transportation Services
713-345-7219 (office)
713-858-8867 (mobile)


1. Short Math Quiz  (don't panic!)
---------------------------------
This is like an optical illusion....with numbers!
This riddle MUST be done in your head and NOT using
pen and paper.

Take 1000 and add 40 to it.
Now add another 1000.
Now add another 30. Another 1000.
Now add 20. Now add another 1000. Now add 10. What is the total?

=)


[IMAGE] CO.O.L. Travel Specials [IMAGE]  Wednesday, April 25, 2001         Specials for peter keavey[IMAGE]   Fare Sale [IMAGE]  A Fare Sale For Everyone   Don't miss out on the great fare sales available now on continental.com. Check out the savings to many of your favorite world wide destinations. Don't wait though because these seats are limited. For details and to purchase your ticket now visit www.continental.com    Click for more info         This week's e-mail includes: CO.O.L. Travel Specials , Featured Fares , Westin Hotels & Resorts, Sheraton Hotels & Resorts, Four Points by Sheraton, St. Regis, The Luxury Collection and W Hotels Offers , Hilton Hotel & Resort Offers ,  Alamo Rent A Car Offers , National Car Rental Offers .   CO.O.L. Travel Specials  Airport Hubs  This week's specials are good for the following markets departing Saturday, April 28 and returning on either Monday, April 30 or Tuesday, May 01, 2001. Please see the Terms and Conditions  listed at the end of this e-mail. OnePass Miles CO.O.L. Travel Specials Offers    For OnePass members, here are special opportunities to redeem miles for travel to the following destinations. As an additional benefit, OnePass Elite members can travel using the miles below as the only payment necessary.   To use your OnePass miles (as listed below) to purchase CO.O.L. Travel Specials, you must call 1-800-642-1617. There will not be an additional $20 charge when redeeming OnePass miles for CO.O.L. Travel Specials through the toll-free reservations number.  If not using your OnePass miles, purchase CO.O.L. Travel Specials online until 11:59pm (CST) Friday at www.continental.com . You can also purchase CO.O.L. Travel Specials for an additional cost of $20 per ticket through our toll-free reservations number at 1-800-642-1617.  Travel may originate in either city. From/To Cleveland  $29 + 12,500 miles or $129 - Albany, NY  $29 + 12,500 miles or $119 - Buffalo, NY $29 + 12,500 miles or $139 - Greensboro/Piedmont Triad, NC $29 + 12,500 miles or $129 - Lexington, KY $29 + 12,500 miles or $139 - Los Angeles, CA $29 +  7,500 miles  or $79  - Nashville, TN $29 + 15,000 miles or $159 - Portland, ME $29 + 15,000 miles or $149 - Providence, RI $29 + 12,500 miles or $129 - Richmond, VA $29 + 10,000 miles or $99 - Rochester, NY $29 + 12,500 miles or $119 - Washington, DC (Dulles Airport only) From/To Houston  $29 + 12,500 miles or $129 - Abilene,TX $29 + 15,000 miles or $159 - Boston, MA $29 + 15,000 miles or $149 - Colorado Springs, CO $29 + 15,000 miles or $159 - Dayton, OH $29 + 12,500 miles or $139 - El Paso, TX $29 + 15,000 miles or $159 - Greensboro/Piedmont Triad, NC $29 + 17,500 miles or $169 - Huntsville/Decatur, AL $29 + 12,500 miles or $139 - Indianapolis, IN $29 + 12,500 miles or $129 - Little Rock, AR $29 + 12,500 miles or $119 - Monroe, LA $29 + 17,500 miles or $169 - New York  (LaGuardia only) $29 + 12,500 miles or $139 - Omaha, NE $29 + 12,500 miles or $129 - San Angelo, TX $29 + 12,500 miles or $139 - San Jose, CA   $29 + 12,500 miles or $139 - Tampa/St. Petersburg, FL $29 + 15,000 miles or $159 - Washington, DC (National Airport only) From/To New York/Newark  $29 + 15,000 miles or $159 - Albany, NY $29 + 12,500 miles or $129 - Hartford, CT $29 + 15,000 miles or $149 - Knoxville, TN $29 + 17,500 miles or $229 - Los Angeles, CA $29 + 15,000 miles or $159 - Milwaukee, WI $29 + 10,000 miles or $109 - Portland, ME $29 + 10,000 miles or $109 - Providence, RI $29 + 10,000 miles or $89  - Rochester, NY $29 + 17,500 miles or $229 - Seattle/Tacoma, WA $29 + 10,000 miles or $89  - Syracuse, NY   return to top     Featured Fares Sample Destination  Choose your fare, find your flight. Or, quickly sift through all our great featured fares by choosing a destination or origin. Be spontaneous. Get out of town. Current Featured Fares destinations include:  New York, Seattle, Los Angeles, Philadelphia,  Cleveland, Phoenix, and many more.  Note: Featured Fares change often. To see a regularly-updated online list and purchase our Featured Fares, visit the Web site at: www.continental.com   (Capacity controls and other restrictions apply.)  [IMAGE]  Partner Hotel Specials   Starwood Hotels CO.O.L. Travel Specials Last-minute Weekend Rates from Westin Hotels & Resorts, Sheraton Hotels & Resorts, Four Points by Sheraton, St. Regis, The Luxury Collection and W Hotels  Visit our site for booking these and other Last-Minute Weekend Rates for  this weekend April 27 - May 01, 2001.  promo.starwood.com/csco   California Los Angeles - Westin South Coast Plaza - $88 Los Angeles - Westin Long Beach - $90 Los Angeles - Westin Los Angeles Airport - $84 Los Angeles - Westin Century Plaza - $139 Los Angeles - Sheraton Cerritos - $64 Los Angeles - Four Points by Sheraton Monrovia - $65 Los Angeles - Four Points by Sheraton Santa Monica - $95 Los Angeles - St. Regis LA - $387 Los Angeles - W Los Angeles - $209 Los Angeles - Four Points Pleasanton - $56   District of Columbia District of Columbia - Sheraton Baltimore North - $77  District of Columbia - Sheraton Premiere at Tyson's Corner - $69   Florida Tampa - Westin Innisbrook - $165 Tampa - Sheraton Suites Tampa - $85   Indiana Indianapolis - Westin Indianapolis - $87  Maine Portland - Sheraton South Portland - $64  Massachusetts Boston - Westin Copley - $179  Boston - Westin Waltham - $90 Boston - Sheraton Boston - $129 Boston - Sheraton Braintree - $199 Boston - Sheraton Ferncroft - $89 Boston - Sheraton Framingham - $97 Boston - Sheraton Needham - $107 Boston - Sheraton Colonial - $90 Boston - Sheraton Providence - $79   New Jersey Eatontown - Sheraton Eatontown - $99.00 Edison - Sheraton Edison - $69.00 Elizabeth - Four Points by Sheraton Newark - $71.00 Piscataway - Four Points by Sheraton Piscataway - $65.00  New York Jamaica - Sheraton JFK - $103.00 New York City - St. Regis - $580.00 New York City - Sheraton Manhattan - $169.00   Ohio Cleveland - Sheraton Suites Akron - $99  Texas Texas - Houston - Sheraton North Houston - $64.00  Texas - Houston - Sheraton Houston Brookhollow - $65.00   Washington Seattle - W Seattle - $140  For complete details on these offers, please refer to the terms and conditions  below.   return to top     CO.O.L. Travel Specials on Hilton Hotels and Resorts  Hilton logo   The following rates are available April 28-30, 2001 and are priced per night. Cities listed are for the nearest airport, not necessarily for the location of the hotel.   Albany, NY  Hilton Garden Inn Albany Airport $119/Night, 4/28-29   Boston, MA  Doubletree Club Boston-Bayside, Dorchester, MA. $99 Doubletree Hotel Lowell, Lowell, MA. $89 Hilton Boston Logan Airport $199 Hilton Dedham Place, Dedham, MA. $175 University Park Hotel at MIT-Cambridge, Cambridge, MA. $179 Hilton Boston Back Bay, Boston, MA. $179   Cleveland, OH Hilton Garden Inn Cleveland Airport, Cleveland, OH. $89  Hilton Cleveland East/Beachwood, Beachwood, OH. $99   Dayton, OH  Doubletree Guest Suites Dayton/Miamisburg,  Miamisburg, OH,$109 Hartford, CT   Hilton Hartford, Hartford, CT. $99/Night, 4/28-29   Houston, TX Hilton Houston Southwest $129  Hilton Houston Hobby Airport $88  Huntsville, AL   Hilton Huntsville $89 Indianapolis, IN   Doubletree Guest Suites Indianapolis/Carmel, Carmel, IN. $79  Los Angeles, CA   Doubletree Hotel Los Angeles-Westwood $179 Hilton Waterfront Beach Resort, Huntington Beach, CA. $169 The Beverly Hilton, Beverly Hills, CA. $179 Doubletree Hotel Anaheim/Orange County, Orange, CA. $78  Nashville, TN   Doubletree Guest Suites Nashville Airport $99   New York, NY & Newark, NJ Doubletree Club Norwalk, Norwalk, CT. $119 Hilton Newark Gateway, Newark, NJ. $219   Portland, ME  Doubletree Hotel Portland, Portland, ME. $119   San Jose, CA  Hilton Garden Inn Mountain View, Mountain View, CA. $249 Hilton San Jose & Towers, San Jose, CA. $199 Hilton Garden Inn Cupertino, Cupertino, CA. $249   Syracuse, NY  Doubletree Club Syracuse, North Syracuse, NY. $89   Tampa, FL  Doubletree Hotel Tampa Westshore Airport, Tampa, FL. $109   Washington, DC Hilton Washington Dulles Airport, Herndon, VA. $75/Night, 4/28-29   To book this week's special rates for Hilton Family Hotels, visit and book at www.hilton.com/specials/values_main.html   Special rates apply only for the dates listed at each hotel and are subject to availability. Check hilton.com  for specific dates at each Hilton Family Hotel. Or call at 1-800-774-1500 and ask for Value Rates. Restrictions apply to these  rates.  return to top  Partner Car Rental Specials CO.O.L. Travel Specials from Alamo Rent A Car  This week, Alamo
 offers great rates in the following cities. Rates  listed below are valid on compact class cars at airport locations listed.  Other car types may be available.  Rates are valid for rentals on Saturday,  April 28, 2001 with returns Monday, April 30, 2001 or Tuesday,  May 01, 2001.  Alamo logo    $26 a day in:  Hartford, CT (BDL) $18 a day in:  Nashville, TN (BNA) $26 a day in:  Boston, MA (BOS) $18 a day in:  Buffalo, NY (BUF) $20 a day in:  Cleveland, OH (CLE) $26 a day in:  Colorado Springs, CO (COS) $18 a day in:  Washington, D.C. (DCA) $26 a day in:  Newark, NJ (EWR) $18 a day in:  Greensboro, NC (GSO) $18 a day in:  Washington, D.C. (IAD) $18 a day in:  Houston, TX (IAH) $20 a day in:  Indianapolis, IN (IND) $20 a day in:  Los Angeles, CA (LAX) $18 a day in:  Little Rock, AR (LIT) $18 a day in:  Milwaukee, WI (MKE) $26 a day in:  Providence, RI (PVD) $20 a day in:  Portland, ME (PWM) $24 a day in:  Seattle, WA (SEA) $20 a day in:  San Jose, CA (SJC) $26 a day in:  Tampa, FL (TPA) $18 a day in:  Knoxville, TN (TYS)     To receive special Continental CO.O.L. discounted rates, simply make advance reservations and be sure to request ID # 596871 and Rate Code 33. Book your reservation online at: www.alamo.com  or contact Alamo at 1-800 GO ALAMO.  *If you are traveling to a city or a different date that is not listed, Alamo offers great rates when you book online at: www.alamo.com    For complete details on these offers, please refer to Alamo's terms and conditions  below.   return to top     CO.O.L. Travel Specials from National Car Rental   This week, National
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[IMAGE]


It continues to be fun, fun, fun out here.  Give a call and I can
explain--415.782.7822.

Best,
Jeff


Joe, Jeff an Bob:
Here is a summary of those counterparties that have had specific objections
to our new form of Annex A:

1. Sithe Energy - wants New York law to apply

2. Voest-Alpine Intertrading USA, Inc. - won't agree to the setoff
language.   Credit should be consulted prior to any further trades to see if
they are okay with this given our relationships with this entity.

3. Madison Gas & Electric - will not agree to the "or otherwise" language in
the setoff language.  Again, this is a credit issue.

4. Cargill - wouldn't review the new language because we are close to getting
a master in place with them.  Sara expects this to happen in the next few
days.

5. Idacorp Energy Solutions, L.P. -  same as Cargill.  I am working on this
one and their attorney owes me a response.  This one may take a few weeks.

6. Formosa Plastics - this is the counterparty that sent the threatening
letter.  It didn't appear from our records that we have traded financial
derivatives with them recently.

7. General Electric Company - won't accept the chnages and have failed to
tell me specifically what they object to.  I will continue to follow up with
their attorney.

8. Basin Exploration, Inc. - same as General Electric.

9. TransMontaigne Product services Inc. - sent letter out on March 30 saying
they would respond in 30 days and I have never heard back from them.  I will
follow up with their attorney.

10. Reliant - they didn't accept the new language that we added as clause (z)
to Section 3(e) and wanted to deal with this differently in the confirmation
as a trigger that would give us the right to call for collateral.  Credit
should be alerted.

11. Devon Energy - they had in the past requested more time to review Annex A
and when I followed up with them last week, they still didn't have a response.

12. Smurfit - Stone Container - same as Devon energy.

13. Public Service Gas & Electric Company - we are close to finalizing an
ISDA with them.  If we do any trades with them before one is signed they have
requested chnages in few areas to match what we have agreed to in the iSDA
negotiations.  I can prepare a mark-up.


Indeed - I have thought of you SO much.  Actually, if you can get a hold of
a copy of last weeks Economist, they have pretty much put their finger on
the situation.  I am well, and I'd love to see you and debrief.  Check your
calendar and let me know what lunch/morning tea might work for you next
week.  Monday's are always bad, and any time after 2:30 is bad.  Week after
next is pretty good too.  I hope you are doing something creative and non
political at Enron.  (I was NOT surprised when Ken Lay appeared as "Bush's
energy spokesman" before what's his name was confirmed...)  Let me know what
works....  G.  (and yes, rereading your note, I will give you a call.  Too
much rushing around today, but perhaps tomorrow.....)
-----Original Message-----
From: Jeff.Dasovich@enron.com <Jeff.Dasovich@enron.com>
To: Gigi Coe <gcoe@firstworld.net>
Date: Thursday, January 18, 2001 9:54 AM
Subject: Re: Strategic Planning Director

>
>you're alive.  thank god.  i was wondering.  be great if you would call
>some time so that we could guffaw about all of this.  it is rich.  very
>rich.  415.782.7822.  hope that you and yours are well.
>
>that should have listened to us.  (hee hee)
>
>best,
>jeff
>
>


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/17/2001
04:18 PM ---------------------------

Pamela Vande Krol Castro <castro@rice.edu> on 01/17/2001 04:05:36 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: MGMT 656 (Rice University)

This list is just a basic excel document with names, id's and e-mail
addresses. - Pam (713-348-6223)

At 03:36 PM 1/17/01 -0600, you wrote:

>Pam,
>
>Thanks. The list of E-mail addresses would be useful as well.
>
>Vince
>
>
>
>
>
>Pamela Vande Krol Castro <castro@rice.edu> on 01/17/2001 03:05:01 PM
>
>To:   Vince.J.Kaminski@enron.com
>cc:
>Subject:  MGMT 656 (Rice University)
>
>
>Here are your rosters for MGMT 656. Let me know if you need a list of
>e-mail addresses as well. I will update you as student schedules change.
>- Pam
>(713-348-6223)
>(See attached file: 656.doc)
>
>

 - 656.xls


Rhett:
I have asked the attorney that I am working with on this to call you directly
about their proposed tax rep language as well as their deletion of the
language in Part 3 regarding the delivery of tax docs.  I have enclosed below
the language that we currently have in the Schedule which they would not
accept and I believe you have their proposed language on the tax reps.
Thanks again for your help.  I just think that at this point it is easier for
the tax folks to talk directly to each other.
Carol


Mark, this is a good point.  In Moody's June 1999 study, Debt Recoveries for
Corporate Bankruptcies, there is a graph of Firm-Level Recovery Rates by Year
of Bankruptcy Resolution (as opposed to default year).   Reading from the
graph finds:

As the data above is based on resolution year, the same study finds the
average length of time spent in bankruptcy is 1.30 years (median 1.15 years
and standard deviation of 1.20 years).  The interesting point is the slide in
recovery value 1996 to 1998.   One would wonder if the mix of high-yield
issuance slanted towards the tech companies would yield lower recoveries
(quick technological obsolescence--little tangible recovery value).

Interesting to note is the December 1999 to December 2000 change in spreads.
The table below divides the December 2000 spreads by the December 1999
spreads.   One would have expected a pronounced flight to safety over this
time-frame, but the figures are more mixed:

To: Michael Tribolet/Corp/Enron@ENRON, William S Bradford/HOU/ECT@ECT, David
Gorte/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
cc:

Subject: Re: Default rates

Per our discussion, see attached for impact of assumed recovery rates:

Michael Tribolet@ENRON
12/11/2000 08:09 AM
To: William S Bradford/HOU/ECT@ECT, David Gorte/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Mark Ruane/HOU/ECT@ECT
cc:
Subject: Default rates

Please see below for my note to Jeremy at the bottom and his reponse.   I
have placed Mark Ruane's yields against a mid November default frequency
table.   Note there may be a slight shearing in dates, but the concept is
more important:

Market implied cumulative default rates (%):

                 1 year     5 year     10 year
AAA         0.51           5.74         14.54
AA            0.67           6.39          16.61
A               0.98           8.98          21.03
BBB         1.17           9.88          22.39
BB             3.27        18.62          37.51
B                4.65         24.21         46.27

S&P Historical default rates (%):

                 1 year     5 year     10 year
AAA         0.00           0.13          0.67
AA            0.01           0.33          0.90
A               0.04           0.47          1.48
BBB         0.21           1.81           3.63
BB             0.91          8.82          14.42
B                5.16         20.95         27.13

In looking at the One-Year transition rates as a very rough proxy for how
many more defaults occur in a recession (1991) versus average (1981-1999)
historical default rates (%):

                             Investment grade                Non-Investment
grade
Avg. 1981-99            0.07                                             4.21
1991
0.12                                           10.40
Multiple                      1.7x
2.5x

Looking at where the market implied default rates divided by the historicals
default rates to obtain a "multiple" (how much more severe than historical):

                 1 year     5 year     10 year
AAA         infinite      44.2x       21.7x
AA            67.0x        19.4x       18.5x
A               24.5x         19.1x      14.2x
BBB           5.6x           5.5x        6.2x
BB             3.6x           2.1x         2.6x
B                 1.1x           1.2x        1.7x

On the 10 year historical figures,  we need to be careful as the S&P static
pool figures show a definite seasoning (lower defaults in late years probably
due to prepayment) versus our contracts.  Secondly, the S&P figures have
Withdrawn ratings, which usually mean they are stale, but loosing some
information content.

I will ask Emy to set up a meeting to discuss further.

---------------------- Forwarded by Michael Tribolet/Corp/Enron on 12/11/2000
07:06 AM ---------------------------
From: Jeremy Blachman@EES on 12/10/2000 07:21 AM
To: Michael Tribolet/Corp/Enron@Enron
cc:

Subject: Default rates

Thanks. I would STRONGLY  suggest an offsite sooner than later with a handful
of the right people so that we can step back and design the right
architecture for looking at credit in our deals. It is broken, not clear,
killing our velocity and true capabilities. We also need to look at staffing,
skills sets, the credit reserve model etc. Perhaps you should take a crack at
an agenda.
---------------------- Forwarded by Jeremy Blachman/HOU/EES on 12/10/2000
07:08 AM ---------------------------

Michael Tribolet@ENRON
12/09/2000 03:51 PM
To: Jeremy Blachman/HOU/EES@EES
cc:
Subject: Default rates

I visited with Vince Kaminski for about 20 minutes today regarding the market
implied defaults rates  and the disconnect in investment grade land.  He is
seeing the same anomaly and agreed that we as a company need to revisit the
methodology employed in calculating the implied figures.     I will follow
through and report back.


Janet H Wallis
	02/08/2001 01:51 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: City of San Antonio

Dan, istead of assigning the contract I would prefer to set up another
contract under HPLC and assign that one.
What do you think?  I understood that the purchaser of HPl was to get all
Texas deals and since this was in ENA for regulatory reasons, just like
Entex, it would be assigned to the new marketing entity that was being set
up.  Has something changed so that these utility accounts are not going to
the purchaser of HPL business?
Also, I need to amend the Southern union contract  at Austin (Colorado River
Sation) to refect a swap from index to fixed price.  Can someone send me the
original deal so that I can see what needs to be amended?

Feb 01
5,000 a day
$6.28 + .199 instead of Index + .199

Dan J Hyvl
02/08/2001 11:17 AM
To: Jeffrey T Hodge/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT
cc: Janet H Wallis/HOU/ECT@ECT
Subject: City of San Antonio

After months of email negotiations, the Enfolio Master Firm Purchase/Sale
Agreement between Enron North America Corp. and The City of San Antonio,
action through the City Public Service Board has been signed.  Just in time
to assign to the new entity being set up for the non HPL Texas deals that
need to remain separate from HPL.


---------------------- Forwarded by Kay Mann/Corp/Enron on 10/04/2000 05:35
PM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           10/04/2000 12:50 PM

To: kent.shoemaker@ae.ge.com
cc: Ben Jacoby/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron

Subject: LM 6000 change order #2

Kent,

Here's a revised change order #2.  Please let me know if you have any
comments:

Thanks,

Kay


---------------------- Forwarded by John J Lavorato/Corp/Enron on 10/18/2000
07:27 AM ---------------------------

	Enron Technology

	From:  Darren P Adamik @ ECT                           10/17/2000 09:04 AM

To: John J Lavorato/Corp/Enron@Enron
cc: Kimberly Hillis/HOU/ECT@ect

Subject: EnronCredit Move

John, I need your help again.  Jeff Kinneman's group on level 30 is wanting
to move to level 14.  There are several problems with this move.

1.  This group utilizes the IPC turrets and the 14th floor is not wired to
support them.
 a.  The cabling for each station is very costly ($1000 per desk).
 b.  Our Telecom Room does not have enough rack space to handle any more
cabling for the turrets.
  There is simply not enough closet space for additional 12 pair cabling
 c.  AMP, the vender that makes the 12 pair connectors, are no longer
manufacturing the connectors needed for the 12 pair cables.
  The vender will be making a special run to make more of them for Enron in
late December.
  Hopefully, they will make enough to last until June of 2001.

2.  This group also utilizes the Stentofon and Amtel Systems.
 a.  Again this floor is not wired to support these devices.

3.  The Response Time would be affected.
 a.  The Trading Floor Support Team is located on level 31, near the ENA
trading floors.
  A team of only three supports all Enron's IPC phones, Recording channels,
Stentofons and Amtels on the Trading Floors.
  Team members would have to use two elevator banks, instead of the stairs
for one or two floors, before they could be on site for this group.
 b.  We now have three other Trading Floors that we support that are not on
Levels 30, 31 or 32 and one more would hurt us even more.
  The groups are EBS, EES and Bridgeline.

4.  There is no UPS power for that floor; so their computer systems would be
susceptible to power outages.

I am not sure what the reason(s) are behind this business unit wanting to
move to level 14, but I have an alternative plan.  Level 29 has been
completely cabled out with 12-pair cables for the IPC Tradenet phones and is
also cabled for Stentofons and Amtels.  This floor has been built out with
Trading Desk furniture as well.

My suggestion is to have this group relocate to level 29 instead of level 14;
this will save the company both money and time.  Your help is needed to
convince Jeff's group to move to level 29 instead of 14.

Any help that you can provide would be appreciated.

Thanks,
Darren Adamik
Mgr.-Trading Technology
Enron Net Works
713-853-4764


QB--D. culpepper
RB--E. george
RB-- K anders
REC--A. Freeman
REC--T. Gonzalez
REC--K Lockett
K--M Gramatica
DEF--NY Giants


BUSINESS HIGHLIGHTS

TRANSACTION DEVELOPMENT
Transaction Development, headed by Rodney Malcolm, works with Pulp & Paper,
Lumber and Steel to structure and execute some of the more complex deals.
Members of the Transaction Development team have a strong track record of
closing structured transactions involving both capital and commodity risks.
Sample deals would include working on the acquisition of Garden State Paper
earlier this year, and structuring and pitching the first all requirements,
index based, physical steel supply contract to one of the largest players in
the steel servicing segment of the steel industry.

The ability to buy and sell physical product will be critical to creating a
commodity product in these businesses.  Getting access to the physical
product will require creating compelling financing structures, as well as
potentially buying assets to get control of their production capability.  In
all these situations, the Transaction Development team will be a key player
in driving these opportunities to closure.

PEP - REVIEWER FEEDBACK DEADLINE
The Year End 2000 Performance Review Process closes November 17. To access
PEP, go to http://pep.corp.enron.com.  To avoid system delays, please log-on
before the deadline.

If you have any problems accessing the system or have any questions regarding
the Performance Management Process, please call the HR Helpdesk at x3.4040
option 4 or email pep.enquiries@enron.com.

OPEN ENROLLMENT 2001
The final date for making your 2001 benefit elections or changes is November
15, 8:00 am CST to 5:00 pm CST.  Remember, that your current 2000 health
benefit elections will rollover for 2001 if you do not make any changes.

Log-on to www.enron.benefitsnow.com or call 1-800-425-5864.

WELCOME

New Hires ENA/EIM/EGM
ENA ) Tamara Carter/Gas Logistics, Albert Escamilla/Global Counterparty,
Michael Girraratano/Gas Assets Operations, Cassandra Mayeux/Reporting,
Planning Accounting, Christina Perez/Power Plant Acct., Eve Puckett/Info &
Records Management, Tracey Wood/Gas Logistics

EGM ) David Hoog/GRM Risk Products, Judy/Currency Trading

SAVE THE DATE

ENA/EIM/EGM-HOLIDAY PARTY
Enron Field
Saturday, December 9
7:00 pm - Midnight

NUGGETS & NOTES

"Bigger, faster" - Dave Delainey/CEO-ENA

"Four bid at five. What do you want to do?" John Arnold, Vice
President-Financial/Nymex Trading

"We trade weather."  Gary Taylor, Manager - Weather Risk Management Group
"You trade WHAT?!" anyone Gary speaks with.

LEGAL STUFF

The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed outside of Enron.


Andrea Hauser w/EnronOnline called and said that Marathon has a problem with
the terms of the online GTC's (default language) for LPG, petrochems, and
refined products and would like to talk to one of our lawyers.   Marathon's
lawyer is Rhonda Stinemyer and her # is 713/296-2408.  Can you let Andrea
know who will be handling this.

Thanks.


The recipient of the 2000 Chairman's Award has been selected.  Read all about
it!

Also in this issue:
German gas monopolies
Emissions trading
Enron's status as market maker with NordPool
Trading satellite capacity

It's all in the latest eBiz.  Go to home.enron.com, click Publications, then
click eBiz, and "eBiz November 17, 2000."


FYI.
----- Forwarded by Mark Taylor/HOU/ECT on 03/08/2001 06:17 PM -----

	Robert Bruce@ENRON
	Sent by: Robert Bruce@ENRON
	03/08/2001 04:20 PM

		 To: Trena McFarland/NA/Enron@Enron
		 cc: Janine Juggins/LON/ECT@ECT, Rod Nelson/LON/ECT@ECT, Sheila
Glover/HOU/ECT@ECT, Susan Musch/Enron@EnronXGate, Tanya Rohauer/HOU/ECT@ECT,
Alan Aronowitz/HOU/ECT@ECT, Jonathan Marsh/EU/Enron@Enron, Mark
Taylor/HOU/ECT@ECT
		 Subject: Re: Entity for softs trading- signoff

Yes, legal is OK with this.  Trades executed from the London desk will be
arranged through EEFT; trades executed from the New York desk will not need
to be.  In either case, the Enron principal to the transaction would be
ECTRIC.

Robert E. Bruce
Senior Counsel
Enron Wholesale Services
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com

	Trena McFarland
	03/08/2001 03:49 PM

		 To: Robert Bruce/NA/Enron@Enron, Janine Juggins/LON/ECT@ECT, Susan
Musch/ENRON_DEVELOPMENT, Rod Nelson/LON/ECT@ECT, Tanya Rohauer/HOU/ECT
		 cc: Sheila Glover/HOU/ECT@ECT
		 Subject: Entity for softs trading- signoff

Everybody

It is my understanding that for we can use the single entity ECTRIC  for
softs global trading(London and New York).

Please confirm that each of your respective departments is in agreement with
this.

Thank you

Trena McFarland
Enron Agricultural Trading


can you take care of this...
---------------------- Forwarded by John Arnold/HOU/ECT on 04/30/2001 08:26
PM ---------------------------

"Mark Sagel" <msagel@home.com> on 04/27/2001 10:14:42 AM
To: "John Arnold" <jarnold@enron.com>
cc:
Subject: Advisory invoice

John:
?
Attached is the invoice covering the current  period.
?
Hope all is well. No changes on analysis.? Market will  have occasional
rallies (not significant) but all evidence shows lower levels to  be seen.?
Most bearish case shows decline until late May or first two weeks  of June.?
Prices from 420 - 380.
 - invoice enron 9943.doc


Chris,
Enclosed is the spreadsheet I spoke with you about yesterday concerning
the price changes needed in Sitara for 5 months.  I appreciate your help
in changing these prices.

Thanks,
Max


Tana:  Jason still does not have access to the Financial Trading dababase.
Can you facilitate please?  thanks.  Sara


Thanks for putting this together.  I will look forward to reading the details
later today. --Sally

James New
04/03/2001 09:12 AM
To: Sally Beck/HOU/ECT@ECT, Beth Apollo/Enron@EnronXGate
cc: Fernley Dyson/LON/ECT@ECT, Mike Jordan/LON/ECT@ECT
Subject: Global Standard on Valuation Methodology Changes and Model Approval

Sally / Beth,

As we discussed when I was in Houston I have put together a draft on
Valuation Methodology Changes and Model Approval. I had a meeting arranged
for today to go through my proposal with Ted Murphy and Tani Nath (she heads
up research and structuring here in London) but Ted cancelled at the last
minute (again). Tani and I met and are broadly in agreement, but before we
can go any further we need Ted's input. He is now away for 2 1/2 weeks so
there is going to be no further progress on this front.

In the mean time I would appreciate your comments on what I have put
together. I would prefer it if it is not circulated around Houston at this
stage until I can accurately say that Ted is happy from a global RAC
perspective. Likewise I still need to get Houston research comfortable but I
am going to wait until Ted has had a chance to add his feedback so I can at
least say that it is only Houston research that is outstanding. Others will
also need to be consulted (and I would like to agree a list of key people
with you) but I can't see their being any real contention. Can you ?

I am assuming that resourcing is likely to be an issue for you in Houston
(and it may well be here too) and this has been added to the outstanding
list. I am envisaging that some of the risk management work could be
completed as part of the curve validation

If there are any questions or feedback please let me know.

James


Opps.  Wrong worksheet

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/07/2000 05:11
PM ---------------------------

Chris Germany
03/07/2000 05:11 PM
To: Jeff W Westover/HOU/ECT@ECT, Sandra Dial/HOU/ECT@ECT
cc:
Subject: CES detail for Jan

This is what I have.  Good luck.


Hello Guillermo. I reviewed the letter and I'm thinking that the Re: explains what the subject matter is.  There is no need to reiterate why we are writing this letter.  What we might want to have in the first paragraph is our history of business that we do with them.  In the past, this is what we've done and this is what's been required on your end.  We've reviewed your tariff and others.

Second paragraph should entail Our question and/or issue is - what the reasoning or justification for the requirement.

I guess the reason I haven't went any further with the letter is that we need answers internally from EES for the first paragraph and of course reviews of the tariffs (which I'm working on).

By the way, I have made contact with someone at EES for the website but the problem is that it's on EES' website and we're not set up to see what they have.  I'm working with Kathy, our IT person to see if we can get set up.

Melinda

 -----Original Message-----
From: 	Canovas, Guillermo
Sent:	Wednesday, October  17, 2001 4:20 PM
To:	Pharms, Melinda
Subject:	FW: Letter

Here is Jewel version

 -----Original Message-----
From: 	Wilson, Angela
Sent:	Wednesday, October 17, 2001 4:10 PM
To:	Canovas, Guillermo
Subject:	RE: Letter

See what you think of this effort....
 << File: Transportation Mix Ltr.doc >>

 -----Original Message-----
From: 	Canovas, Guillermo
Sent:	Wednesday, October 17, 2001 11:54 AM
To:	Wilson, Angela
Subject:	Letter

I would appreciate if you correct the mistakes I made in hte letter below. (formal/gramar/prepositions/etc)
Try to make it look as a letter from Enron to an LDC.
Thanks.
Guille

 << File: n-mix.doc >>


I guess we can go whenever.  It'll just mean we won't get as much done this weekend, but we don't have anything else going on.

 -----Original Message-----
From: 	"Heard, Anne" <Anne_Heard@RyderScott.com>@ENRON
Sent:	Wednesday, November 14, 2001 12:20 PM
To:	Glenn, Ramona
Cc:	Heard, Marie
Subject:	RE:

Ramona,
	Let me check with my sister.  I would love to go, but don't know if
we can make the time.  She's probably at lunch right now, but I'll send her
this e-mail.

Thanks,  Anne

>  -----Original Message-----
> From: 	Glenn, Ramona
> Sent:	Wednesday, November 14, 2001 12:18 PM
> To:	Heard, Anne
> Subject:
>
> DO YOU WANT TWO TICKETS TO THE CAT SHOW THIS WEEKEND?
>
>


The request has been completed with all resources requested either completed or rejected. You can view the details of the  request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000080521&Page=MyReq.


The Board issued the following press releases on Friday announcing the
comment period deadline of August 15, 2001 for Regulation W and for the
Interim Final Rules. For those who may be searching for the Federal Register
Notice, the regulations have not yet been printed.  The Board sent the
regulations to the Federal Register last week and expects they will be
printed on either May 10, 2001 or May 11, 2001.  Please do not hesitate to
call if you have any questions.  Many thanks!

Stacy Carey
Policy Director
International Swaps and Derivatives Association
600 5th Avenue, 27th Floor
Rockefeller Center
New York, NY  10020
(212) 332-1202 ph
(212) 332-1212 fax
(917) 543-9622 cell
scarey@isda.org

----------------------------------------------------------------
Release Date: May 4, 2001
For immediate release
The Federal Reserve Board is seeking public comment on interim final rules,
under sections 23A and 23B of the Federal Reserve Act, requiring
institutions to: 1)adopt policies and procedures to monitor, manage and
control credit exposures arising from derivatives transactions with
affiliates and intraday credit extensions to affiliates; and 2) subject such
transactions to the market terms requirement of section 23B. The Board voted
to issue the rule </boarddocs/press/boardacts/2001/20010502/default.htm> at
its meeting on May 2, 2001.  Sections 23A and 23B restrict loans by a bank
to an affiliate, asset purchases by a bank from an affiliate and other
transactions between a bank and its affiliates.  The interim rules are
effective January 1, 2002.  The rules will be published in the Federal
Register. Comment is requested by August 15, 2001.  Concurrent with these
interim final rules, the Board is issuing a new proposed Regulation W, which
also seeks comment on how to address these transactions under section 23A.
The Board's notice is attached.  Attachment (27 KB PDF) <attachment.pdf>
----------------------------------------------------------------
Release Date: May 4, 2001
For immediate release
The Federal Reserve Board is seeking public comment on a proposed new
Regulation W to comprehensively implement sections 23A and 23B of the
Federal Reserve Act. The Board voted to issue the proposed rule
</boarddocs/press/boardacts/2001/20010502/default.htm> at its meeting on May
2, 2001.  Sections 23A and 23B restrict loans by a bank to an affiliate,
asset purchases by a bank from an affiliate and other transactions between a
bank and its affiliates. Regulation W would unify in one document various
Board and staff interpretations issued over the years as well as several new
interpretations of the statute.  The proposed rule will be published in the
Federal Register. Comment is requested by August 15, 2001.  The Board's
notice is attached.  Attachment (216 KB PDF) <attachment.pdf>
--------------------------------------------------------------------


Never a dull moment!  It is hard to get deals done at Enron, which as
shareholders we should probably be glad. Chicago is only slightly more
difficult because of the utility angle - and mind set.

Michael's temperature STILL hasn't gone done.  And of course, now the weekend
is coming.  I guess it is time to call the doctor again.  And you!

Kay


Hey Girl,

Yes, we had our concert, it was real good, had a very poor turnout, but he
choir really enjoyed themselves.  Rickey Dillard is a fool!  He's alot of
fun, and I didn't realize he was gay, but he is.  Everyone says he used to be
gay, and not he's changed, but......

I spoke with Daddy on Friday, and he asked me where was his e-mail.  I
haven't heard anything from him as of yet, but I did send him a e-mail asking
the question.  Did he do his radio program yesterday?

Yesterday, we went to the beach and rented some horses and went horseback
riding,  Kendall loved it, Jordan was a little skeptical at first, but soon
got used to the idea.  I myself was a little skeptical, because I had ol'
Kendall on my horse, and wanted to hold on to the little know on the saddle,
instead of me, all I had was the reins,  at first I said "the hell with
this", but it was fun, we'll definitely do it again.

Talk with you later!


FYI, attached is a copy of the agreement provided to Deerfield's city
attorney.

 -----Original Message-----
From:  MedleyB@gtlaw.com@ENRON
[mailto:IMCEANOTES-MedleyB+40gtlaw+2Ecom+40ENRON@ENRON.com]
Sent: Wednesday, June 06, 2001 1:31 PM
To: Jacoby, Ben
Subject: Deerfield Agreement

 <<73PB05!.DOC>>

_______________________________________________________________
The information contained in this transmission may contain
privileged and confidential information.  It is intended only
for the use of the person(s) named above. If you are not the
intended recipient,  you are hereby notified that any review,
dissemination, distribution or duplication of this
communication is strictly 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, please send an
email to postmaster@gtlaw.com.

 - 73PB05!.DOC


Stan:
I just wanted to touch base with you and let you know I am still with Enron
and still enjoying the experience and currently working on selling some of
our power plants with the Generation Investments Group.  I also wanted to say
congratulations on the birth of your twins - thats great!  If there is any
chance to have lunch I would greatly look forward to having lunch with you.
By the way, I had a really good conversation with Rocky Storie the other
day.  He was my representative for my performance review and I felt he did a
great job and I greatly appreciated it.  Hope all is going well and I look
forward to talking to you soon.

Regards,
Ben


Elizabeth,
Carol and I had a  conversation (with Justin Boose mostly listening in) about
how best to coordinate her much welcomed support for West Desk EEI deals and
out of that conversation I would like to propose that we send the following
message to Tim and the Mid-Marketers.  The message is designed to enforce a
kind of teamwork discipline and approach to EEI work that Steve, Justin and
me have been developing here.  Obviously the message will not be sent until
you and Carol are happy with it, and my suggestion is that you, Elizabeth,
should send the message.

Mid-Marketers:
The legal team supporting West Desk Trading has been strengthened by the
addition of Carol St. Clair of ENA's Houston legal department.  Carol is
going to concentrate on negotiating high priority EEI Agreements.  We are
trying to build an improved process  for supporting EEI negotiations that
involves a teamwork approach among a team of lawyers working together  along
the following lines.  The idea is to create a steady processing of all EEI
agreements at one level,  while at the same time,  having the flexibility to
keep our most experienced trading attorneys working on our highest EEI
priorities at any given time. The highest priority EEI agreements will be
those where we are trying to get new, long term business.

Justin Boose of Stoel Rives will have the responsibility to drive Stage 1 and
Stage 2 of the EEI process.

Stage 1 is all internal steps required to send a Cover Sheet including credit
terms to the Counterparty.  These steps will involve getting the credit work
sheet from Credit to our paralegal, Genia Fitzgerald and getting the Cover
Sheet including the credit terms from Genia, proofreading it and identifying
who to send it to.

Stage 2 is harassing the Counterparty and, in cooperation with Mid-Marketers,
getting the right people from the CP  to look at our Cover Sheet and reply
with comments.

Christian and Carol will be primarily responsible for Stage 3 of the EEI
process, with Steve Hall also involved in this stage from time to time as
other priorities may permit.

Stage 3 is driving  the negotiations from the completion of Stage 2 to
closing.

Pat Boyston will be asked to join Stage 3 to help address all muni issues and
to close out other issues as well from time to time.  Eventually Justin will
grow into providing Stage 3 support.

The critical credit liaison function will be made by the responsible attorney
as the process moves to completion, with Legal taking the responsibility to
drive the overall process to completion.

We believe this kind of disciplined approach by this team should provide an
enhanced level of support for EEI negotiations day in and day out if
everybody recognizes   who is expected to do what during the three Stages.
Christian has the responsibility to see that either he or Carol or Steve are
concentrating on the highest priority EEI negotiations at any given time.

Support for EEI negotiations is only part of the legal work that must be done
for the West Desk and prioritizing the other work will be handled by
Christian and Steve, working with me in Houston.  ----E. Sager.


Mark -

Below is what I am proposing as a response to Kal and Andy's concerns over
the ICE claim "most liquid."  Let me know your thoughts.

Thanks.

"ATTORNEY CLIENT COMMUNICATION
ATTORNEY WORK PRODUCT
CONFIDENTIAL COMMUNICATION

Kal -

I understand the concern raised; however, I am not so sure that the claim
made is a "legal" claim.  The analysis of whether or not this type of claim
can be made is really based upon advertising principals and generally, at
least at a federal level, governed by the Federal Trade Commission.  The
analysis of the validity of the claim is the concern in this arena and would
focus predominantly on an analysis of the following items:

1.  whether or not this type of language is "puffery" for sales purposes or
if it is a claim requiring substantiation
2.  what the term "most liquid" is intended to convey (e.g., EOL uses
"world's largest" to convey both size and power in the market)
3.  how "most liquid" is defined - what standard, measure or industry
analysis has been conducted by ICE to establish that "most liquid" has a real
meaning and one that, when applied to EOL, would indicate that EOL is not as
"liquid" as ICE.
4.  whether or not the use of the term "most liquid" is misleading, thereby
causing any harm

Notice that the advertising analysis will not focus on perceived damage by
Enron based upon restricted access.  This analysis, at least to me, would be
a separate and distinct issue.  If Enron is not being given full access to
the site simply because there is no equity ownership, the analysis of damage
to Enron would be moreso a possible antitrust type analysis by the Department
of Justice/courts rather than a false advertising type analysis.  This
analysis would be based upon issues related to the ownership structure of the
site (including the sharing of profits and fees amongst owners), the policies
and procedures established by ICE to ensure fair treatment to all who access
the site and the effect restricted access may have upon competition (e.g.,
other sites being able to enter the market and compete).  The last point
would also have, as a component,  the extent to which Enron and other
non-owner users would not have a secondary or alternative source for the
information.

Needless to say, it may be difficult under the antitrust type analysis for
Enron to claim harm when EOL boast of being the "world's largest website for
global commodity transactions."  Further, if other non-EOL sources are
available to Enron to obtain the same information contained within ICE, it
would also be difficult for Enron to show harm as a result of limited access."

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


Hey Monika,

These deals look like they are in, but the transmission deal is in on the
wrong day.  Please check deal #462392(transmission)  462391(WWP for the 18th).

I would also like to remind real time that they should route the deals that
they do, this helps to catch errors like these.

Cara

Monika Causholli
11/18/2000 05:32 AM
To: Cara Semperger/PDX/ECT@ECT
cc:
Subject: Colstrip length for 11/18

Hey Cara,

I sold the 8 MW He 1-5 to WWP for $140. I bought MPC tranny  from Colstrip to
Hot Springs for $4.66. I didn't know whether we do the deal entry or not. I
have not done it this time but let me know whether to do ir or not in the
future and under what group .

Monika


From day one I had a problem with the counterintuitive language we have in Part 4 (f) of the Schedule about Netting.  In addition to being counterintuitive, I have a really hard time explaining it to my Mexican counterparties.

I would like to propose the language below.  I believe it leaves no room for interpretation and everybody will understand it immediately.

"The limitation set forth in subparagraph (ii) of Section 2(c) of this Agreement will not apply and any netting pursuant to Section 2(c) will apply across all Transactions under this Agreement"

Francisco Pinto-Leite
Enron Americas
1400 Smith Street, EB 3888
Houston, TX 77002-7361

Tel: 713-345-7942
Fax:713-646-3490
fleite@enron.com


Tana:

Theresa Brogan needs a link to the database.  She works in Gary Hickerson's
group.  Thanks.

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


Do you still need me to sign something
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


The Integration Test Scripts have been placed in the following directory for your review. Please send any changes or additions to me. As I receive updates, I will make the changes and redistribute them to the Dropbox directory.

\\O:\_Dropbox\IntegrationTestScripts <file://\\O:\_Dropbox\IntegrationTestScripts>

There has been a change in plans regarding the schedule for testing the test scripts. We will be doing a dry run tomorrow. When we have determined the schedule, I will send it out.

Thank You,

Terry


Max - Hi there, sounded like (from Jaime) you guys have had a busy week with
various government officials.  I hope the result was good.

We all had a really helpful meeting here in Houston with those guys, and I
just wanted to let you know that we have found a person to focus time on
Mexico and work with Jaime and Agustin.  He is bi-lingual and very excited
about the prospect.  We expect him to be proactive and help out quite a bit
with setting up the new Mexico trading legal entity.   I have no doubt that
this will fix most of the little issues that we discussed.

We also assigned someone to come to Monterrey to set up Jaime and Agustin
with system access where appropriate, and especially access to Livelink, our
automated contract viewing system.  This should facilitate access to all
Mexico contracts online (originals kept in Houston), and there should be no
need to keep hard copies in Mexico.

Please let me know if you see any other areas where Energy Ops can help, or
should be more involved.

Beth
 -----Original Message-----
From:  Theriot, Kim
Sent: Thursday, March 08, 2001 5:30 PM
To: Perez, Agustin; Williams, Jaime
Cc: Beth Apollo/HOU/ECT@ENRON; Heaney, Gordon
Subject: Gordon Heaney's Acceptance

Augustin/Jaime,

I just wanted to let you know that Gordon has accepted our offer to take on
the new position supporting your trading organization.  He is very excited
and looks forward to working with you both.

We are going to work on a transition period for him.  He is currently
finishing a project on Paper and Pulp settlements to automate those
processes.  He would like to finish this process before he takes on his new
assignment full time.  He anticipates the completion of the automation to be
within the next few weeks.  In the meantime we will work on having him
cross-train for his new responsibilities.

Please let me know of any questions that you have.

Kim Theriot
713-853-1771


Please let me know if you have any questions regarding last week's prices.

Thank you,
Karolyn Criado
3-9441