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

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

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

Subject: EOL Routing/Approval - Urgent

***  EOL ROUTING ***

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

Thanks,

Craig


After further investigation here are the facts as of today (Monday) on the UCU SBA issue:

	1.  UCU nominated 20,000 dth on their SBA contract

	2.  UCU reduced there Carlton transportation by 10,000 dth

	3.  Kathy is checking all of UCU's contracts to see if overall they:

		a.  Reduced deliveries
		b.  Increased Receipts elsewhere to make up for the Carlton reduction

	We will have an answer by the morning meeting on Wednesday.

	Have a great New Years Eve and be careful.  Thanks. Lynn


Begining 6/4/01 most North American Gas and Power quotes will be displayed on and transactable from the TRUEQUOTE trading platform. Please call me if you have any questions or need more information. Thanks.

Savita
X31787


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/12/2001
12:14 PM ---------------------------

"Matt Lenhart" <mlenhart@houston.rr.com> on 04/11/2001 06:00:57 PM
To: <matthew.lenhart@enron.com>
cc:

Subject:

?
 - Rap - Rapping Duke - Da Ha Da Ha.mp3


Attached are the Management Summary and Hot List that will be provided to
Mike and Jeff on Monday (via email).  Please contact me if you have any
comments/questions.

Thanks,
Jeff
x39859
---------------------- Forwarded by Jeff Smith/HOU/ECT on 09/22/2000 04:00 PM
---------------------------

	From:  Patricia Anderson                           09/22/2000 03:13 PM

To: Jeff Smith/HOU/ECT@ECT
cc: Thomas Myers/HOU/ECT@ECT
Subject: Mgmt Summary & Hot List 9/21

For distribution

Patricia


yes

I will follow up.

Lavo


Guys, we are working to put together the final team to manage this issue;
however, it isJeff Skilling's call to keep Delainey, Milnthorp and Keohane
out of the day to day fray on this issue.  I believe this is the right call.
Commercial and legal resources from Houston will manage this issue on a go
forward basis and may call on you as a resource if needed from time to time.
You have done a very great job managing this issue to date and your efforts
on that front are much appreciated.  Our focus should return to growing the
business and meeting our financial targets.

Peter, I believe that Mark H. would like you to stay involved through the
Friday conference call that is scheduled.

Regards
Delainey


A post id for the reports you requested is : 1032675.

Thanks,

Errol McLaughlin, X5-8274

From: Francis S Lim/ENRON@enronXgate on 02/01/2001 11:46 AM
To: John Griffith/Corp/Enron@Enron
cc:

Subject: report changes

can you supply us with a post_id for
The report  RSR0500 and RSR0503_CONS
so we may see how long it will take to do the changes
you requested.
Francis


doesn't matter.  it won't happen either way.


Ravi:

Samer and I met this morning with Sara Ledbetter.   She is starting the
groundwork for setting up a storage book and a streaming book for tracking
the e-powered products positions.    They are having a meeting on next
Tuesday to discuss this.  Samer will attend.    This is a good opportunity to
start compiling the data that we will need for some of John Grieblings
questions.

--stinson

p.s.   Sara also asked if we knew anyone who would be interested in managing
the storage book.  Any suggestions?


Are you still available to assist Robert with entering the new deal tickets
for Equistar?  After talking with Bryan Hull and Anita Luong, Kyle and I
decided we only need 1 additional sale ticket and 1 additional buyback ticket
set up.
---------------------- Forwarded by Tina Valadez/HOU/ECT on 04/06/2000 12:56
PM ---------------------------
From: Robert E Lloyd on 04/06/2000 12:40 PM
To: Tina Valadez/HOU/ECT@ECT
cc:
Subject: Re: Equistar Deal Tickets

You'll may want to run this idea by Daren Farmer.  I don't normally add
tickets into Sitara.

Tina Valadez
04/04/2000 10:42 AM
To: Robert E Lloyd/HOU/ECT@ECT
cc: Bryan Hull/HOU/ECT@ECT
Subject: Equistar Deal Tickets

Kyle and I met with Bryan Hull this morning and we decided that we only need
1 new sale ticket and 1 new buyback ticket set up.  The time period for both
tickets should be July 1999 - Forward.

The pricing for the new sale ticket should be like tier 2 of Sitara #156337
below:

The pricing for the new buyback ticket should be like tier 2 of Sitara
#156342 below:

If you have any questions, please let me know.

Thanks,
Tina Valadez
3-7548


Yes - please reschedule for Tues.  Thanks

 -----Original Message-----
From: 	Winters, Ricki
Sent:	Wednesday, January 16, 2002 11:38 AM
To:	Corman, Shelley
Subject:	Holiday & Staff Mtg.

Shelley would you like for me to send out a message moving your staff meeting this Monday (1/21) because it's a holiday to 11:00 on Tuesday (1/22).  It's moved on your calendar and the conference room has been booked since we moved to 42.

Thanks, Ricki


I plan to attend.  Thanks.

Alyson

----------
From:  Jacqueline Kelly [SMTP:JKelly@FairIsaac.com]
<mailto:[SMTP:JKelly@FairIsaac.com]>
Sent:  Thursday, March 02, 2000 3:31 PM
To:  Aaron Mednelson (E-mail); Huey, Alyson; Blake Wise (E-mail); Chris
Sklarin (E-mail); Chris_Neale (E-mail); Chrystine Lee (E-mail); CLangridge
(E-mail); Deepika Shah (E-mail); Jacqueline Kelly; NHTurner (E-mail); Paul
Brodie (E-mail); Peter Devroede (E-mail); Ted Chin (E-mail); Thomas McVey
(E-mail)
Cc:  Courtney Abernath (E-mail); Aiaz Kazi (E-mail); Jeff Dasovich (E-mail);
Jonathan Hudacko (E-mail); 'keffer@haas.berkeley.edu'
Subject:  FW: Ted & My Spreadsheet

If you are planning on attending Saturday's session, here is the scoop:
1) Please e-mail Jeff to RSVP
2) If you were not at our Tuesday's meeting, attached are two
spreadsheets of the work we covered - you may want to read before Saturday.
I have put names next to some questions based on what Christine put
together.  If you don't see your name and plan on coming, either pick a
question or address another area.
 2.5) Chris Sklarin will be sending the third
3) Directions are below on how to get to Jeff's office
4) It's almost over!! :)  See you on Saturday!!

* Jackie

  (I think that we will need to celebrate after the March 8th
class!!
  Jonathan?)

  Jackie, The spreadsheet is attached, pls. distribute to our
study group (I
  don't have all the e-mail addresses).

The additional questions for any newcomers that can be answered are:
1) Compare the five options given in 'The Decision'.  (Jonathan,
Alyson)
2) What would happen if all manufacturers (including GM) all retained
their original warranty plans.  (Jeff, aiaz)
3) When should the change be implemented?  (nick, Courtney)
4) Should the change be implemented for all cars, non-luxury? luxury?
(Cathy, Chris)
Answers should be backed by data (numbers, tables, etc) rather than just
qualitatitve answers.
Crystine
Directions:
Enron Corp
101 California Street (one block from the cable car turnaround)
Suite 1950
 >
Enter at the California Street entrance.
Buzz at the door; guard will let you in.
Guard will know to enable elevator to get you to the 19th floor.
I'll keep the door to the office ajar so that folks can enter easily once
on 19th floor.
______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com
<http://www.hotmail.com>
 <<E206-Mkting-Ford SpreadMS95.xls>>  <<Ford2.xls>>

 - E206-Mkting-Ford SpreadMS95.xls
 - Ford2.xls


Sally,

As of this date our assistant tells me that the following pre-PRC meetings
are scheduled:

Brent Price will meet on 6/15
Brenda Herod will meet on 6/13
Sheila Glover stated she will have the meeting ad hoc.
Kristin Albrecht stated that she had it last week
Leslie Reeves is not scheduled as of today

Others that have scheduled for a pre-PRC:

Bob Supurty will meet on 6/15
Mary Solmonson will meet on 6/16
Jeff Sorenson will meet on 6/9
Bryce Baxter will meet on 6/13

Let me know if there is any other information that I can provide.
Hector


-----Original Message-----
From: 	Panus, Stephanie
Sent:	Tuesday, February 05, 2002 4:59 PM
To:	Adams, Laurel; Albrecht, Kristin; Alonso, Tom; Aronowitz, Alan; Bailey, Susan; Balfour-Flanagan, Cyndie; Baughman, Edward; Belden, Tim; Bishop, Serena; Boyd, Samantha; Brackett, Debbie R.; Bradford, William S.; Browning, Mary Nell; Bruce, James; Bruce, Michelle; Bruce, Robert; Buerkle, Jim; Calger, Christopher F.; Carrington, Clara; Chilkina, Elena; Considine, Keith; Cordova, Karen A.; Crandall, Sean; Cutsforth, Diane; Diamond, Russell; Dunton, Heather; Edison, Susan; Elafandi, Mo; Fischer, Mark; Flores, Nony; Fondren, Mark; Glover, Sheila; Gorny, Vladimir; Gorte, David; Gresham, Wayne; Hagelmann, Bjorn; Hall, Steve C. (Legal); Harkness, Cynthia; Hendry, Brent; Johnston, Greg; Keohane, Peter; Lindeman, Cheryl; Mallory, Chris; Mann, Kay; Mcginnis, Stephanie; McGrory, Robert; McMichael Jr., Ed; Miller, Don (Asset Mktg); Moore, Janet H.; Moran, Tom; Murphy, Harlan; Murray, Julia; Nemec, Gerald; Ogden, Mary; Page, Jonalan; Postlethwaite, John; Prejean, Frank; Presto, Kevin M.; Puchot, Paul; Rasmussen, Dale; Richardson, Stacey; Richter, Brad; Richter, Jeff; Robison, Michael A.; Rohauer, Tanya; Rosman, Stewart; Sacks, Edward; Scholtes, Diana; Sevitz, Robert; Shackleton, Sara; Simons, Paul; Swinney, John; Thapar, Raj; Theriot, Kim S.; Thomas, Jake; Thome, Stephen; Tricoli, Carl; Van Hooser, Steve; Wente, Laura; Wilson, Shona; Winfree, O'Neal D.; Woodland, Andrea; Yoder, Christian
Subject:	Master Termination Log

Attached is the Daily List for February 4 as well as the Master Termination Log, which incorporates all termination received through February 4 (with the exception of February 1, which is under legal review and contains all financial transactions).

Stephanie Panus
Enron Wholesale Services
ph:  713.345.3249
fax:  713.646.3490


Jeff,

I understand that SDGE customers may be eligible for a rate credit for August
and September.  Question:  If a customer switched to EES before the rate
credit gets distributed, are they still eligible to receive the credit?

I appreciate the help.

Michelle


Please make two colored copies of this document.  Thank you.

Mike
---------------------- Forwarded by Mike Grigsby/HOU/ECT on 06/28/2000 05:10
PM ---------------------------

	From:  Phillip K Allen                           06/27/2000 04:40 PM

To: Mike Grigsby/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect
cc:
Subject: West Power Strategy Materials

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 06/27/2000
04:39 PM ---------------------------

TIM HEIZENRADER
06/27/2000 11:35 AM
To: John J Lavorato/Corp/Enron@Enron, Phillip K Allen/HOU/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT
Subject: West Power Strategy Materials

Charts for today's meeting are attached:


How's the weather?


Tana -

Forgot to copy you on the attached.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 03/30/2001 09:05 AM -----

	Mark Greenberg
	03/30/2001 09:04 AM

		 To: Stephen Abbanat/ENRON@enronXgate
		 cc:
		 Subject: Re: CMS NDA

Stephen -

Glad to be of assistance.  In order to ensure we prepare an accurate
document, I need to have the complete name and address of CMS (or the
appropriate entities).  Also, our intention is to put as the "transaction"
the following:

"Enron and CMS are prepared to furnish each other with information in
connection with the development and implementation of a pipeline portfolio
management solution..."

Please let me know if this is acceptable or if we need to modify this generic
description of the transaction.

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

	Stephen Abbanat/ENRON@enronXgate
	03/29/2001 02:22 PM

		 To: Mark Greenberg/NA/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON
		 cc: Stephen Abbanat/ENRON@enronXgate
		 Subject: CMS NDA

Mark,

Thanks for agreeing to help prepare this NDA.  As we discussed on the phone,
our team is now in a position to begin detailed negotiations with CMS for a
systems solution project (CMS Energy - Panhandle Pipe Line Companies).  As a
part of the negotiations we will need to disclose some detailed information
about ETS systems.

Steve Hotte (CIO of ETS) and our team agreed that we should to execute an NDA
that covers both ENW and ETS and gave me Drew's name as their legal council.

The contact name at CMS should be:

Cynthia C. Albert
Vice President, Regulatory Affairs and Information Systems
5444 Westheimer Road
Houston, TX 77210-4967

713-989-7334
tsmehta@cmsenergy.com

On the Enron side, I would use

David Berberian for ENW
Steve Hotte for ETS

for signatories.

I hope this is sufficient information to prepare one or two NDA's whichever
is appropriate.

Sincerely,
Steve Abbanat


---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
08/06/99 11:27 AM ---------------------------

Shari Stack
08/05/99 05:28 PM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: CP's with Master Agreement Restrictions

As requested:

1. American Re Capital Markets Inc.-   No T.O. Exemption or Commodity
Language/ Meant only for Weather Deals
2. Dakota LLC: Deal Specific
3. Greenfield Holdings Co. Limited: Deal Specific
4. Greenfield Shipping Company Limited (ECTRIC): Deal Specific
5. Enserco LLC: Deal Specific
6. Mellon Bank: No T.O. Exemption or Commodity Language/Only for IR, FX and
Currency Options
7. Midland Bank plc: No T.O. Exemption or Commodity Language/Only for IR, FX
and Currency Options
8. Morgan Stanley Capital Group Inc. (ECT): Negotiated in '92 - has no  T.O.
Exemption Language
9. National Westminster Bank plc: Negotiated in '94- has no  T.O. Exemption
Language but is being amended to include FX and Currency Options
10. Papier Masson Ltee (ECT Canada): Deal Specific
11. Panther LLC: Deal Specific
12. PXRE Corporation:  No T.O. Exemption or Commodity Language/ Meant only
for Weather Deals
13. St. Paul Re (Bermuda) Ltd.:  No T.O. Exemption or Commodity Language/
Meant only for Weather Deals
14. Teesside  Power Financing Limited (RMT): Deal Specific
15. UBS AG (ECT Inv.):   No T.O. Exemption or Commodity Language/Meant for
Equity Derivatives only
16. Westdeutsche Landesbank Giro.:  No T.O. Exemption or Commodity
Language/Only for IR, FX, Currency Options & FRA's

Please let me know how you want to be updated on future restricted Agreements.


Ken, we met a while back--'94 or so--when I was editor of Fortune. It's in
my current incarnation, though, as Editorial Director for the Harvard
Business School Publishing Co. and head of its publishing division--we
publish the Harvard Business Review, HBS Press books (including Leading the
Revolution from your friend and skiing companion Gary Hamel), and the best
selling management newsletter in the country, among other things--that I
wanted to put a proposition before you to see if we might interest you in
what I think may be an important idea-development and publishing
opportunity.
HBSPC has become quite interested in the subject of corporate venturing, of
how companies can invest in innovation and new organizational forms (but you
know all about that) in a transformative way, so much so that we're planning
to put on a couple of conferences on the subject next year. (The purpose of
our conferences, in general, is to push ideas ahead and advance the thinking
on a particular topic.) They will be smallish, half-day affairs--we're
looking at an audience of perhaps 75 senior executives at each--one in New
York in January, the second in San Francisco, probably the first week in
February. As with the authors of the books and HBR articles that we publish,
we're committed to having only top-flight experts on the program, mostly on
panels. (For instance, we're talking with the Harvard Business School
professors who teach the executive education course on corporate venturing
about their serving on and putting together one of the panels.) And we, of
course, thought of you and Enron--who knows more about the subject? As we've
designed the conferences, we've concluded that a great way to begin the
program would be to have a sort of a keynote from a CEO grounded in the
real-world experience of making this happen. But we don't want to impose on
your time, or that of your staff, to put together a speech. Our thought was
to have the session be more like "A conversation with...", wherein an
interlocutor (probably me, but maybe assisted by a couple of others) would
put questions to you, and draw you out on the points you thought important.
We could confer on the questions beforehand as much or little as you'd like.
Ken Chenault of American Express has agreed to play this role at the New
York conference. We'd wondered if there were any possibility of interesting
you in it for the San Francisco conference? Enron has the best record of any
company on this front, and my secret hope is that the conversation might
serve as the basis of an article (or even the first step toward a book?)
that HBSP might eventually publish. We know, too, that you have endless
demands on your time, and if it would help you to think more favorably of
using it in this way, we'd be happy to provide an honararium for the charity
or charities of your choice.
I'm sure you're besieged with emails on your return from vacation,  but if
you have a moment to marinate on this, we'd welcome the chance to answer any
questions you might have about the event. I have two offices and two phone
numbers (New York, Monday, Tuesday, and most Fridays, at 212-872-9281,
Boston the rest of the week at 617-783-7535) but the most efficient way for
your office to schedule a conversation might be to have them be in touch
with Maria Carnevale here in New York at 212-872-9285) or just shoot me back
an email.
Thanks for taking the time for this overlong email. Our eyes are beginning
to open here to the landscape shaking, transformative possibilities of
corporate venturing, as became clear to you long ago. We'd be grateful for
the opportunity to help you share some of your wisdom with others.
All the best,
Walter Kiechel


As many of you are aware, we have been building capabilities to offer credit
risk management products to our customers on a global basis with initial
focus in Europe and North America.  We are now ready to move to the next
level and begin offering bankruptcy swaps on specific energy and non energy
names.  We anticipate officially launching the business on Wednesday, 23
February with a Press Release and external website called EnronCredit.com.

Prior to making the public announcement, we intend to send a letter to the
respective CFO/Treasurer/Finance Director of the reference credits letting
them know that we will begin making markets in bankruptcy swaps on their
names.  We have worked with Enron's many origination groups to remove names
of customers that are particularly sensitive or where we might have
confidential information.  In anticipation of potential direct feedback to
the account representatives of the referenced entities, please see the
attached list of initial reference credits and have a look at the test
version of the web site at test.enroncredit.com (at certain times during the
test phase, the web site may not be available in all locations).

If you have any questions or comments, please contact either me or  Bryan
Seyfried who is leading the effort  at 44 020 7783 7907.

Thanks!

John


Enjoy!
 - 20020107ERCOT_LOAD.XLS
 - 20020107ERCOT_FLOW.XLS


10/4-10/5  UT interviews

10/9-10/10  Chicago Office

10/12-10/13  Vacation


Tom, I thought I'd share this email that I got thru the grapevine ... it's rather interesting and pretty straight forward.

 << OLE Object: Picture (Device Independent Bitmap) >>
Kay Woods
11/14/2001 08:01 PM
To:	Ken Lay - Office of the Chairman/ENRON@enronxgate
cc:	Team Andrews/ET&S/Enron@Enron, Team Big-Lake-Eldorado/ET&S/Enron@Enron, Team Big-Lake/ET&S/Enron@Enron, Team Andrews-Brownfield/ET&S/Enron@Enron, Team Andrews-Plainview-Sta/ET&S/Enron@Enron, Team Andrews-Plains/ET&S/Enron@Enron, TEAM Midland/ET&S/Enron@ENRON, Team Spraberry/ET&S/Enron@ENRON, nathan.frierson@eott.com, bill.perry@eott.com, jim.pope@eott.com, bruce.railsback@eott.com, johnnie.white@eott.com, greg.williams@eott.com, dan.crawford@eott.com, manual.martinez@eott.com, robert.moreno@eott.com, myron.maresch@eott.com, james.rainer@eott.com, larren.snyder@eott.com, dennis.stone@eott.com, robert.turner@eott.com, andy.kelly@eott.com, Ray North/Remote/Eott@Eott, Dale Kershner/Remote/Eott@Eott, Duane Konen/Remote/Eott@Eott, Harold Fraley/Remote/Eott@Eott, Les Baucom/ET&S/Enron@ENRON, Michael L Smith/ET&S/Enron@ENRON, Robert Baker/ET&S/Enron@ENRON, Dean McCallister/ET&S/Enron@ENRON, Rick Taylor/Remote/Eott@Eott, John Ragsdale/ET&S/Enron@ENRON, Olan Smith/Remote/Eott@Eott, Gerry Hamm/Remote/Eott@Eott, Malcom Kingston/Remote/Eott@Eott, Team Kermit/ET&S/Enron@ENRON, Team Kermit-WT2/ET&S/Enron@ENRON, Oscar Pena/Remote/Eott@Eott, Carlos Chavez/Remote/Eott@Eott, Lorenzo Chacon/Remote/Eott@Eott, Rick Valles/Remote/Eott@Eott, Jimmy Watson/Remote/Eott@Eott, Keith Walter/Remote/Eott@Eott, Michael Dodd/Remote/Eott@Eott, Wesley McLean/Remote/Eott@Eott, Jerry Harper/Remote/Eott@Eott, Dewey Hopper/Remote/Eott@Eott, John Storm/Remote/Eott@Eott, David Miller/Remote/Eott@Eott, Johnny Parker/Remote/Eott@Eott, Richard Espinoza/Remote/Eott@Eott, Team Eunice/ET&S/Enron@ENRON, Ray Noseff/ET&S/Enron@ENRON, Earnest Rash/Remote/Eott@Eott, Richard Meek/Remote/Eott@Eott, Terry Diel/Remote/Eott@Eott, Loyd Black/Remote/Eott@Eott, George Bower/Remote/Eott@Eott, Dorcy Devoll/Remote/Eott@Eott, Richard Cribbs/Remote/Eott@Eott, DeWayne Worthington/Remote/Eott@Eott, Robert Foree/ET&S/Enron@ENRON, Team JalCompressors/ET&S/Enron@Enron, Team Jal-Tankfarm/ET&S/Enron@Enron, Team KermitTurbine/ET&S/Enron@Enron, Ken Gray/ET&S/Enron@Enron, Bob Bandel/ET&S/Enron@ENRON, James R Lawrence/ET&S/Enron@ENRON, Randall Mobley/ET&S/Enron@Enron, Scott Clark/OTS/Enron@ENRON, Robert Newman/HPL/Enron@ENRON, Sandy Cason/ET&S/Enron@Enron, Helen Sandefer/ET&S/Enron@Enron, Amy Baker/ET&S/Enron@ENRON, Timothy Jones/ET&S/Enron, Judy Collins/ET&S/Enron@ENRON, Adel Robinson/GCO/Enron@ENRON, Kerry Gramse/ET&S/Enron@Enron

Subject:	Re: Enron Announces Plans to Merge with Dynegy

I have done a lot of thinking these past few days and have decided to share my thoughts with you and the board of directors. I mean, after all, FACTS are friendly....Right?!

I have had the utmost respect for Enron and the board for all of my 23 years - thru mergers and name changes and cuts and all the ups and downs. Let me just stop beating around the bush, and just get down to the bottom line here.

I, like everyone else out here have some questions and comments for you. I want you to get down to our terms and answer these in layman's terms - we understand pistons & crankshafts and nuts & bolts, so please keep all of you acronyms out of it.

Where in the world did you get the questions for the MergerQ&A?
Someone has messed around with our retirement, our livelyhood and our families!
Do you really think we give a flip about what Enron field is named?
Do you really think we care if the Enron body shop stays open?
Do you really think we care about the United Way right now???
NO! We have been cheated out of money here! Have you ever put a pencil to it? - Probably not, since your wages total in the $MM figure!

Let's just do that, let's figure out what a measley 1000 shares calculates to before and what it will be upon the merge!
1000 X $80+ = $80,000+ - early 2001
1000 X $40 = $40,000 - mid 2001
1000 X .2685 = 268.5 X let's say... $40 = $10,740 - next year
Ouch! And that is a comparison to our stock - NOT  our stock OPTIONS!

I and everyone else out here want to be compensated for what has happened - you had guys bailing out with $30+MM. They will be sitting high on the hog and we have people looking at a measley $15,000 plus the thought of losing their jobs with the merger.

How ironic that the Code of Ethics is sent out immediately after your merger e-mail! Does the board of directors EVER read that document??? We read it MANY times a year!! Perhaps you should practice what you all preach!

Have you had a stranger walk up to you on the street and ask "What have YOU done to the stock?"
Well, that is happening out here! What have we done to deserve this treatment? Nothing, but cut ourselves down to the meanest, leanest teams around only to have something like this slapped in our faces.

I am ashamed, embarrassed, and MAD.

1. What happened?
2. Who did it?
3. We want compensation

What should I say now? Hmmm....
GO DYNEGY


Effective May 6, 2001, New Hire Orientation will go from a day program to
half a day. The New Hire Orientation will start at 8:00 am and end at 12:00
pm. The new hires will no longer be given lunch. This change was initiated as
a result of cost cutting measures.

We will be distributing the Inside Track at Sally Beck's next staff meeting
scheduled for 5/14/01. This is an additional tool you can use to integrate
the employee to your business unit. The Inside Track is a supplement to the
handouts the new hires receive at orientation. It contains: general
information, Windows 2000, Microsoft Outlook, PRC process and the business
unit training expectations. We suggest personally greeting and delivering the
Inside Track and taking your new hire out to lunch. If this is not possible
we recommend sending a representative. We feel this would be a great way to
welcome your new hire to Enron and your business unit. Please contact your
Human Resources representative if you have any question.

Regards
Frank


Diana and Sean:

Up to 11/26/01,
1. we are missing the annuities for 11/7, 11/18, 11/19, 11/22, 11/23, and 11/24
2. we need to restore HE23-24 for deal# 517676.1 for 11/2/01 (lightload sale in NP15) in scheduling

Please let me know if you need any help entering the annuities or restoring the HE23-HE24 scheduling (for 11/2/01 for deal 517676.1).

As the month-end is approaching, I am hoping we can clear the above issues up before Settlements captures the wrong P&L.

Thanks,

Fran


Wow.  Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/13/2000
10:07 AM ---------------------------
From: Doug Leach on 11/13/2000 07:19 AM
To: Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Wayne Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey A
Shankman/HOU/ECT@ECT, Michael A Robison/HOU/ECT@ECT, Todd
Peterson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John L Nowlan/HOU/ECT@ECT,
Brent A Price/HOU/ECT@ECT
Subject: Re: DPC Fuel Management

Joe Sutton is gone so now you are going to have to play fair and per the
contract. I have tried on numerous occasions to resolve this issue with you
and Dan Rogers and you have stonewalled me every time. I would be glad to
talk about it in San Antonio, but you are not going to dictate the terms of
the transition of the DPC FMA.

Rick Bergsieker@ENRON_DEVELOPMENT
11/10/2000 04:44 AM
To: Wayne Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Doug Leach@ECT
cc: Jeffrey A Shankman@ECT
Subject: Re: DPC Fuel Management

Dpoug:  I don't understand this---let's discuss and resolve this in San
antonio.  What has changed?

Wayne Perry
11/09/2000 01:49 AM
To: Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: DPC Fuel Management

Can we see if we can clear this up in San Antonio.
---------------------- Forwarded by Wayne Perry/ENRON_DEVELOPMENT on
11/09/2000 01:49 AM ---------------------------

Todd Peterson
11/08/2000 03:51 PM
To: Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wayne
Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: eric.gonzales@enron.com

Subject: DPC Fuel Management

Doug Leach call me  this morning and told me that the offer that he made to
the LNG group 6 months ago is now off the table. He said that this has also
been transmitted to Mike McConnell in writing. His reason was that he had
bent over backwards to make the proposal originally and the LNG group has
been slow to respond. I reminded him that we were delayed in getting back
because of some legal issues but now that we were all part of EGM that this
was no longer an issue. He went on to say that he will not turn over any of
the fees until phase 2 kicks in, some time next year (Marc de La Roche said
something to me the other day about Jan.01). That the LNG group will have to
bear all expenses until that time just like EFI had to for liquid fuels. He
did say that in their case India did reimburse them on their previous
expenses as a reduction/credit to the fee. He also went on to say that he was
not happy with India's attempt to get a piece of EFI's fee.
Please advise how you would like me to proceed.

TP


The eThink Team

Do you know what's included in Enron's Code of Ethics?  Do you know what policies affect corporate conduct?  Ask Sharon Butcher, Assistant General Counsel of Corporate Legal, all your questions about our corporate policies today (June 5) on eSpeak at 10 a.m. Houston time.
Can't make the live event?  No worries.  Go to eSpeak (http://ethink.enron.com/eSpeak/exec/default.asp) now and submit your question.  Sharon will try to answer it during her event and you can read the transcript later.

Stop what you're doing!  Go to the Thinkbank (http://nahou-lnapp01.corp.enron.com/eThink/Thinkbank.nsf/HomePage?OpenPage) now!  Notice anything different?


Pat,

Further to our conversation, please see the attached draft of a Master Firm
Purchase Sale Agreement.

Please do no hesitate to give me a call with any questions and or comments
you may have regarding this matter.

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


FYI - you guys asked me to let you know if we are turning back any customers
- here's the word from Roger Ponce.

---------------------- Forwarded by Jess Hewitt/HOU/EES on 04/03/2001 05:03
PM ---------------------------

	Enron Energy Services

	From:  Roger O Ponce                           04/03/2001 04:57 PM

To: Roger Reynolds/HOU/EES@EES
cc: Jess Hewitt/HOU/EES@EES, Kristann Shireman/HOU/EES@EES
Subject: Re: Intel & Tamco High Plains Ethanol done deal

They are existing customers and will be contracted on spot paper.  Also, we
have sent notices of termination to
all month to month customers advsing that a term transaction is necessary for
us to continue service.
Thanks Roger


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 11/01/00
Transaction Summary
External Transactions Today	3,941
Average Daily External Transactions (30 day Trailing Avg)	2,955
Total Life to Date Transactions	398,962

EnronOnline Daily % of Entity's Total Transactions for 11/01/00	Trans	Percent
Enron North America	3,380	75%
Enron Europe Limited	119	38%
Global Products	145	34%
Enron Metals	297	13%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	45%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,547,560,531
MTD	2,547,560,531
LTD	215,914,810,443
Average Daily Notional Value (30 Day Trailing Avg)	2,046,957,636

Notional Revenue from Physical Flows to Date	15,207,959,863

Counterparties, Users, and Products Offered
Counterparties having transacted to date	543
New Counterparties transacting for the first time today	0
Number of Products Offered Today	1,170
Total Number of External Users Logged on Today	2,872
Average # of External Users logged on (30 day Trailing Avg)	2,658


How about TD Bank? Benson and I own some wood.

Chris


Hello all.

We just received notification that our Bank has received the CAD$3MM out of
CAD$8MM originally expected.

Thanks
Kenny

 -----Original Message-----
From: 	Kenny Foo [mailto:Kenny.Foo@ngx.com]
Sent:	Monday, November 26, 2001 1:44 PM
To:	'Jason Williams (E-mail)'; 'Randy Otto (E-mail)'; 'Mike Cowan (E-mail)'
Cc:	'Louise Kitchen (E-mail)'; Gary Gault; Ron Manitowich
Subject:	Enron position.
Importance:	High

It has been our understanding (credit area, both companies) that Enron must
prepay for all its purchases including all forward positions ever since
Enron was downgraded to BBB minus.  Unfortunately for Enron Canada Corp., I
cannot convince my Board nor my Bank to do otherwise.

Enron will still get interest from pre-payments that have not been used to
pay for gas that has already been delivered and invoiced.

With the above in mind, here is the current status:
					CAD$
$ carried forward from yesterday 	   2,725,000
Today's purchases			(14,225,000)	large part of which is Dec gas
Today's wire				   8,000,000 	which incidentally has not arrived as yet
Balance	(short)			  (3,500,000)

Jason, kindly
*	please followup with your Treasury area to see where CAD$8mm is?
*	please, for today's value date, arrange to send another CAD$3.5mm plus
whatever $$ your traders need for tomorrow?
*	your Calgary traders have another 30TJs of room for day gas at time of
writing this email (purchases so far today 3,660TJs).  Once the 30TJs is
filled, you will be halted.

We thank you for your co-operation.

Kenny Foo
Credit and Risk Manager
NGX Financial Inc
140 - 4 Avenue SW, Suite 2330
Calgary,  Alberta, T2P 3N3
Ph: (403)974-1737
Fx: (403)974-1719


Attached is the detail for Park N Ride billing for January, 2001. The summary
of charges is as follows:


Please open the attached file to read the complete text of the following
items:

06:11AM EDT 21-SEP-01 UBS WARBURG (US) (YOUNG, DON) PALM AAPL
PALM: CHANNEL INVENTORIES IMPROVE BUT SALES SLACKEN

08:29AM EDT 21-SEP-01 BEAR STEARNS (J. NEFF/BOBBA/HAND) HWP EMC
EMC: FIRST OF MANY PREANNOUNCEMENTS TO COME

08:31AM EDT 21-SEP-01 SG COWEN SECURITIES INC. (RICHARD CHU) AAPL
COMPUTER SYSTEMS/STORAGE STOCKS

09:31AM EDT 21-SEP-01 SOUNDVIEW TECHNOLOGY CORP. (GARY HELMIG) IBM
IBM (IBM) COMPANY UPDATE SEPTEMBER 21, 2001

07:56AM EDT 21-SEP-01 ABN AMRO INC. (CIHRA,ROBERT) AAPL CPQ DELL
DRIVING THROUGH A FOG; LOWERING PC MARKET FORECAST

08:15AM EDT 21-SEP-01 GERARD KLAUER MATTISON & CO. (BAILEY, D.) EMC
EMC--SUNW--IT SPENDING STALLS; LOWERING ESTS.

 <<9.21.01 Analyst Reports.doc>>
The analyst reports provided are reports prepared by independent
analysts who monitor and track Compaq's performance.  These reports are
not prepared by or at the direction of Compaq and as a result, Compaq is
not endorsing or verifying the information contained in these reports or
endorsing any of these analysts.   These reports are being provided
solely for business reasons and as a result, do not distribute these
reports to other individuals outside of Compaq.  If other individuals
are interested in receiving the reports provided herein, please contact
Elizabeth Davis in Compaq's Investor Relations Department at
elizabeth.davis@compaq.com.

Elizabeth Davis
Compaq - Investor Relations
Research Analyst
281-518-4289

 - 9.21.01 Analyst Reports.doc


Just checking on the status of your review of the DynegyDirect Products (and
in the case of Marcus, the on-line GTCs)?  As soon as I receive clearance
from each of you, I can authorize the master user to set up execute passwords
for the traders in the respective groups.

Leslie


Thanks Vince.  It was good to learn of your promotion as well.

Cheers.


Hi, fellow team mates, I have reviewed EPNG's comments on Exhibit 28 et al.
I find them interesting in view of their version of history. I guess its
Socal's fault there is a mismatch at Topock. Its a little more disturbing
their comments on the "new or expanded" interconnection protocol contained
in the CSA. It makes you wonder about their commercial ambitions. Please
call me when you have a chance.

Mark,IGS


Well, it's about time!

 -----Original Message-----
From: 	Reves, Brant
Sent:	Friday, July 13, 2001 10:48 AM
To:	Heard, Marie; Panus, Stephanie; Boyd, Samantha
Subject:	ISDA Worksheet: PREPA

Please prepare and e-mail a draft ISDA per terms of the attached credit worksheet.

thanks
brant

 << File: Puerto Rico Electric Power Authority.xls >>


Gerald,

I spoke with the parking department. They said to send an e-mail saying it is
alright for me to receive subsidized parking. When you e-mail them, they also
need the company #, and RC #. I know you are real busy, so please send the
e-mail at your earliest convenience. In addition, if you have any more gas
transactional work, please send it my way. Louis Allen is the person that
needs to receive the e-mail from you. His address is louis.allen@enron.com.
Also, they probably have my legal name, which is Nabil Nachawati.

Thank you,

Majed


Jeff and Carol, as you know we are doing everything possible to launch this
service on August 1st, so please let me know how can I help you, and I'll be
there...Thanks and regards.

From: Mark Taylor@ECT on 06/20/2000 07:45 PM
To: Jeff Blumenthal/HOU/ECT@ECT
cc: Carol St Clair/HOU/ECT@ECT, Jaime Williams/NA/Enron@ENRON, Mario Parra
Cardoso/Corp/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT

Subject: Re: Online Issues - Mexico

Jeff & Carol:

As you work through these issues, please remember that even though the Mexico
commercial group may not plan to offer many of their own products and may not
expect many other products to appeal to their customers, the EnronOnline
people will expect all products listed online to be available unless we can
articulate a compelling reason to restrict them.

Mark

	Jeff Blumenthal
	06/20/2000 11:53 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT, Jaime Williams/NA/Enron@ENRON, Mario Parra
Cardoso/Corp/Enron@Enron
		 Subject: Re: Online Issues - Mexico

Carol,

I've been working with Jaime Williams and our outside tax advisors to
determine the Mexican tax consequences applicable to those products that
Jaime has informed me will be offered to Mexican counterparties through
EnronOnLine and, potentially, a separate ENA Mexican entity.  I should be
able to provide the results by Friday or Monday.  Please contact me at ext.
35777 if you'd like to discuss in the meantime.

Best regards,

Jeff

   Carol St Clair                06/20/2000 11:15 AM

To: Jeff Blumenthal/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
Subject: Online Issues - Mexico

Jeff:
As I think you are aware, the Meixco and online group want to implement
online trading for Mexican counterparties.  Are there any tax issues taht we
should be aware of?  If we conduct online trades using ENA and telephone
trades with an Enron Mexican entity, will the exercise of setoff rights
create any tax issues?   My understanding is that the Enron counterparty will
be ENA.
Carol


I will probably go straight to the game from here so won't leave til 6:30 or
7:00.  Why don't you give me a call this afternoon - say around 3:00 or 3:30
& we can get together.


As per your request, an environmental due diligence was completed of the
assets and outstanding issues of Northwest Natural Gas Company (NWNG), a
local distribution company  (LDC), with its corporate headquarters located in
Portand, Oregon.  This  due diligence, which was conducted on August 7-9,
2001,  was performed to determine the environmental liabilities and exposures
which may be associated with  NWNG and identify and evaluate the
environmental risks associated with each issue.  A relative risk number
between 0 and 3 has been assigned to each discipline to evulate the potential
risk impact.  A rating of "0" indicates that there is no risk associated with
this regulation or issue and a rating of "3" indicates a major problem or an
issue that has a potential long term risk or exposure.  An approximate cost
value has also been assigned to each discipline.   It is to be understood and
explicitly stated that in the calculation of each cost, conservative
estimates were used to determine a dollar value to repair, remediate or
formally close each issue.

Presented below, by discipline, are the environmental activities which impact
and affect NWNG.  The evualtion and written discussion of each disicpline is
based upon the availability of records, documents and discussions with NWNG
personnel.  Therefore, this summary report is limited to the availability of
information presented.

General Pipeline Characteristics ;

This is a dry pipeline system.  No pipeline liquids are generated, only small
volumes of compressor oils are collected.
All cast iron pipe has been removed from the system.  There is still approx.
100 miles of steel pipe which will be repalced in the near future.
The only location where horsepower and compression exists is at Mist Storage,
and underground injection and storage reservoir (10.5 bcf storage capacity).
this is a non Title V major source.
NWNG is planning additional property acquisitions to increase their
underground storage capacity.
NWNG is planning a 60 mile pipeline construction project to begin in fall of
2002.  All environmental studies have been completed and sumbmitted to the
agencies.
Landslide hazards appear to be the biggest pipeline safety concern.  NWNG has
completed a study to locate and identify high potential landslide areas.

Environmental Procedures Manual.   The NWNG environmental procedures manual
appeared to be comprehensive and in a easily understood format.  The topics
covered in the manual addressed all environmenatl issues that the company
appeared to be involved with.  The manual addressed waste management,
permitting,  disposal and environmetal stewardship.  There was also a written
statement from management supporting and attesting to NWNG's commitment to
enhancing and promoting a clean environment in all activities by NWNG.
Risk: 0  Cost: $0

Notices of Violation (NOV)/Notices of Noncompliance (NON).   In a summary
page provided by NWNG, a list of all state and federal agency actions against
the company was available.  Although the company had received a few  notices
(<10), they were of a very minor nature and involved mostly small
recordkeeping and right of way issues.  There were no outstanding judgements,
NOVs, NONs or pending agency actions or  issues to be resoved.
Risk: 0  Cost: $0

PCBs.  In interviews with NWNG, they attested to the fact that they have
never used PCBs on their pipeline and that PCBs have never been detected.
Although NWNG is an LDC and receives its gas from Northwest Pipeline Company,
the status of PCBs on the Northwest pipeline system  was unknown.
Risk:  1  Cost: $0

Mercury.   Mercury was used on the NWNG system, but only in monometers and
not in natural gas metering equipment.  A decision was made by environmental
management of NWNG in 1986-87 to remove mercury manometers.  An investigation
has never been initiated to determine mercury releases from broken manometers
or potential mercury releases from old historic mercury containing equipment
which may have been used.
Risk:  1  Cost:  $3,000-$40,000

Onsite Disposal.  Other than the issues surrounding the manufactured gas
plants, in interviews with NWNG's environmental management, they were not
aware of any onsite waste disposal of any hazardous, toxic or non hazardous
waste.
Risk:   1  Cost:   undefined

Hazardous Waste.  There is only one location where hazardous waste is
generated and this location is a service center where a small parts washer is
used.  This site is classified as a conditionally exempt small quantity
generator.  The remainder of the NWNG system is a non generator of hazardous
waste.
Risk: 0  Cost:  0

NORMS.  The environmental management of NWNG has stated that natrually
occurring radioactive materials (NORMS) are not a problem in the pipeline
system.  Tesing has not been completed to verify or confirm this, nor does
NWNG have evidence to determine NORM status from Northwest  Pipeline Company.
Risk:  1  Cost:  $500

Underground Storage Tanks (UST).  There is only one regulated underground
storage tank (UST) remaining on the NWNG system (Albany), and this tank is in
complance with the UST regualtions for monitoring, testing and
recordkeeping.  All other underground tanks have been removed.  At one of the
tank removal sites, there exists  an active remediation in progress.  Closure
of this site is expected in the near future.
Risk: 1  Cost: $500

LNG plants.  In interviews with NWNG environmental management, there are no
histoirc or present outstanding environmental issues at the liquified natural
gas (LNG)  plants.  The exception to this is a historic site of a
manufactured gas plant (Linnton site) which underlies the LNG plant.  This
issue will be addressed under the section of the Linnton Manufactured Gas
Plant.
Risk: 0  Cost:  $0

Manufactured Gas Plants.  NWNG owned and operated  a number of manufactured
gas plants (MGPs).  Presented below are the MGP sites that NWNG owned or had
operating interest in for which there are associated liabilites and risks.

 Eugene Water and Electrical Board. The City of Eugene has determined that  a
parcel of property within the city has been contaminated by   numerous
responsible parties of which NWNG owned and operated a MGP during the time
period of 1958-1976.  The Eugene Water and Electrical Board  (EWEB), which is
the regulatory agency in Eugene,  has determined that the total cost to clean
the entire area will be approximately $1,300,000, of which  the EWEB has
indicated that NWNGs responsibility will be $93,750.  NWNG has offered to pay
compensation damages in the amount of $70,000-90,000 to  be relaesed from all
liability and damages associated with the contamination impacts to the City
of Eugene.   The environmental management of NWNG  has stated that the EWEB
has verbally and in principal agreed with the NWNG  offer of approximately
$94,000.
 Risk: 1-2 Cost:  $94,000

 Salem Site. According to NWNG management, this historic MGP site has been
remediated and formally closed by the City of Salem, which is the
regulatory agency with jurisdiction over this site.  NWNG has received
endemnification and written closure from the City of Salem for this feature.
 Risk: 1   Cost: $0

 Manufactured Gas Plant. This site, which ceased operation in the early
1900's, was dismantled and  abandoned.  From the time the facility ceased
operations, untill the present, a railroad has constructed a steel rail
bridge over the site and the City of Portland and constructed a city park.
The site is  immediately adjacent ot he Wilammette River, a major perennial
watercourse in Oregon.  There have been no soil, groundwater or river/ river
sediment   studies  completed  to determine potential environmental impacts.
NWNG environmental personnel have stated that the site was insured by Lloyds
of  London.  The insurance policies were not available at the time of this
due diligence to determine policy applicability and coverage amounts for this
site.
 Risks: 2-3 Costs: 0-$300,000,000

Portland Harbor Superfund Site.  The Environmetnal Protection Agency has
determined that the Portland Harbor, on the Wilammette River,  has received
contamination of a sufficient nature and magnitude to warrent and classify
the 6.7 miles of the Harbor as a Superfund site.  This superfund site extends
for a distance of 6.7 miles and includes the Linnton and Wacker sites,
originally owned by NWNG.  The EPA has designated approximately 69 primary
responsible parties  which are directly or indirectly involved in the
contamination of this section of the Willamette River.  NWNG has been
identified as a contributing member to the contamination.

 Linnton MGP/Wacker Site.   The Linnton MGP and Wacker Site, has 47 acres of
water front exposure on the Wilammette River and is included in the  Portland
Harbor Superfund Site.  The Linnton facility, which originally included the
Wacker Site,  initiated operation in 1913 and ceased operation in 1956.
During the operation of the  facility operation,  various organic coal tar
wastes, comprised of light non aqueous phase liquids (LNAPLs) and dense non
aqueous phase liquids (DNAPLs) were generated.  Characteristically these
waste products include: polynuclear aromatic hydrocarbons (PAHs), BTEX  and
cyanide.  During the early stages of facility operation, these wastes  were
originally directly deposited into the Willammette River, and then later, in
1941 unlined ponds were constructed at the facility.  Preliminary
investigation reports of the volumes of regulated waste from the facility
operations which  were released either directly or indirectly into the soil
underlying the facility or into the Wilamette  River were in excess of 4.6
million gallons or 23,000 cubic  yards.   It was also estimated from these
reports that there is approximately 250,000 cubic yards of tar and tar mixed
with soil underlying the historic tar  ponds.

 Negotiations for cleanup and closure of this site may take up to 20 or more
years.  NWNG has stated that it has insurance policies from Lloyds of
London   which they feel will cover all costs assciated with NWNG's portion
of this superfund responsibility.  The policies were not availble during the
due diligence  to verify or confirm the amount of coverage.  Additionally,
because the horizontal and vertical extent of the contamination in the
subsurface soil,   groundwater and in the Willamette River sediments has not
been determined, it seems unlikely that insurance coverage can adequatley be
evaluated.   It  should also be mentioned that because the proportionate
extent of NWNGs contamination responsibility is not known, adequate insurance
coverage  appears to be somewhat premature.
 Risk:  3  Cost:  $50,000,000-300,000,000


Mike and Clint:

This <<sandhill_form_schd.xls>> may be a better format for the Sand Hill
scheduling.

Thanks,
Wayne Morter
Austin Energy

 - sandhill_form_schd.xls


As I understand it from a tax and legal perspectibe transactions booked in
ENA should be executed by a trader sitting in Houston.  As far as I am aware
there is no brokerage or agency arrangement with either EFT or
EnronCredit.com in this regard and therefore traders sitting in London should
not execute these transactions independently of the traders sitting in
Houston.

From a booking perspective in this type of situation generally a separate
trading book should be mainatined by ENA.  It may be acceptable for
EnronCredit.com to risk manage ENA's credit derivaties postions provided the
requisite service agreement has been put in place - this is really a question
for ENA - Mark ?.  I do not know if such a service agreement is in place.

Where a transaction is booked into ENA and not bt-backed with .Com the market
risk will reside with ENA - a btb with .Com would be necessary to consolidate
the mtm of the ENA credit derivatives business in .Com.  In view of the fact
that Bryan is viewing all credit derivatives business as a global book, all
credit derivatives business entered into by Enron entities other than
EnronCredit.com should be back-to-backed with .Com.  In situations where ENA
has sold protection and .Com has bought protection on the same name this
internal structure will permit ENA immediately Delivering on the Portfolio of
Deliverable Obligations it as received as the Seller of protection to .Com
which can in turn can Deliver on to the counterparty it has bought protection
from.  As a result all hedged trandsactions should have matched terms
regardless of the Enron booking entity.

Mark, Paul can you add further clarification as to the position (particularly
where I haven't hit the mark !).

tks,

Denis

Bryan Seyfried
11/06/2000 13:57
To: Elaine Bannerman-Sowah/LON/ECT@ECT
cc: Denis O'Connell/LON/ECT@ECT, David A Wall/Risk Mgmt/LON/ECT@ECT

Subject: Re: ENA / Enron Credit.com

In reality, I think of there being a single global book and terms should
match across internal legal entities.  The only reason for booking into two
separate entities is for Tax and/or regulatory reasons.  The risk is managed
out of London, I don't think there is any reason to back-to-back trades into
EnronCredit.com but will defer to the appropriate tax, legal and control
personnel.  I don't think a services agreement has been set up yet.

We should try to close the open issues next week.  Could you coordinate the
relevant parties to ensure satisfactory results.

thanks.

Elaine Bannerman-Sowah
09/06/2000 14:44
To: Bryan Seyfried/LON/ECT@ECT
cc: Denis O'Connell/LON/ECT@ECT

Subject: ENA / Enron Credit.com

Bryan

Please could you confirm that CDS trades done by ENA :

1.can be booked in London;
2. risk-managed in London
3. do not have to be back-to-backed with Enron Credit.com
4. there is a Service Agreement between the two entities.

My understanding of this is that we would not need to match the terms of
transactions, for example where ENA has sold protection and Enron Credit.com
has bought protection on the same name. We would only need to match the terms
where protection is bought and sold by the same Legal entity on the same name.

Your response will be greatly appreciated.

Thanks,
Elaine.


I submitted the Parking Provision outline to Bay Gas last week after our meeting.

	I need to circle back to determine where we are relative to getting pricing pulled together
	for the gas portion.  I've been in need to put a hard offer in front of this customer for several
	weeks now.  They are in the process of making a critical decision & I would like to have
	something in hand that values the Parking optionality.

	Thanks
	mk

 -----Original Message-----
From: 	Knippa, Mark
Sent:	Wednesday, May 23, 2001 2:50 PM
To:	Boyt, Eric; Neal, Scott
Cc:	Bennett, Peter
Subject:	Bay Gas Storage - Parking Provision discussions
Importance:	High

	Team,
	I'm not sure what the latest discussions you've had since our last meeting, but I need to get this
	concept outlined and in the hands of my customer.  They are making their decision any day now
	and I believe this structure will add to the value of our Compression Service and reduce our
	dependence on the minimum load factor.

	I've attached a basic outline as I see it.  Please review or we will discuss at our 3:00 meeting today.
	I would like to define or understand our (Enron's) wish list as well as a relative value at a minimum.
	I need to get the specifics to my customer tomorrow since it's not going to happen today.

	I ultimately need to have a price for the gas that ECS would be receiving ASAP.

	Thanks,
	mk

	 << File: GasNormalization.xls >>
	 << File: ParkingOutline.doc >>


thank you.  I found everything last night.

"Julie Haviland" <julie.haviland@ubspainewebber.com> on 04/11/2001 07:24:39 PM
To: "'Scott.Neal@enron.com'" <Scott.Neal@enron.com>
cc:
Subject: RE: FW: 1099 help

I hope it helps.  Let me now if you need your confirmations of exercise.

-----Original Message-----
From: Scott.Neal@enron.com [SMTP:Scott.Neal@enron.com]
Sent: Wednesday, April 11, 2001 4:38 PM
To: julie.haviland@ubspainewebber.com
Subject: Re: FW: 1099 help

thank you, julie.

Scott

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all e-mail communications sent and/or received by its employees.


I'll check the LLC Agreement and get back to you on this in the morning.
Call me on my cell at 713-446-6285 if you need an answer tonight.  Thanks!

-MIR

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, April 17, 2001 5:10 PM
To: jkeffer@kslaw.com; ccampbell@kslaw.com; mreuter@kslaw.com
Subject: Replacement of officers and directors/Salmon and Merchant
Energy Ventures

Please confirm that the signing of the amended LLC agreements will
effectively remove the current Enron officers and directors.

Thanks,

Kay

Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
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message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


In order  (need 1)

Morten anderson 1
viniatieri  0
hanson   0
christie cunningham 0


Since Maria has all the pricing info on the releases, I'll just record the contract number and deal ticket here.  This may be more for my use anyway.

Contract	Deal		Replacement Shipper
9MD3		1204918	Reliant Energy
		1204919	Oneok Energy
		1204920	Cinergy Marketing
		1204934	e prime, inc.		prearranged bidder

9ME9		1204921	Western Gas Resources
		1204935	Western Gas Resources		prearranged bidder

9MK4		1204922	BP Energy Company

9ME4		1204923	Enserco Energy
		1204924	Occidental Energy
		1204941	Enserco	prearranged deal, partial month, demand credit = 23/30 x (1.3 x 20,000) = $19,933.33
		1204942	e prime		prearranged deal, partial month, demand credit = 22/30 x (1.2 x 10,000) = $8,800.00
		1205221	BP Energy	prearranged deal, partial month, demand credit = 18/30 x (1.2 x 130,001) = $93,600.72

9E3X		1204925	Reliant Energy
		1204926	Western Gas
		1204927	ONEOK
		1204936	Wester Gas Resources		prearranged bidder

Jon Martin at El Paso will let me know how the demand charge credits are calculated on the partial month releases.


I just left you both another message about this NDA.  Their lawyer is calling
from NY, and we need it signed now.  His name is Robert Harris, his ph is
212/984-9112 and his fax is 212/984-9111.
----- Forwarded by Tana Jones/HOU/ECT on 12/13/2000 11:23 AM -----

	Tana Jones
	12/11/2000 01:28 PM

		 To: Matthew Dawson/LON/ECT@ECT, Denis O'Connell/LON/ECT@ECT
		 cc:
		 Subject: NDA-Credit2B.com

Attached is another NDA we need to get signed ASAP.  If you could help us
with this, we'd appreciate it!


Jeff Richter
deal 459985
Check with Richter and see if the counterparty should be Sempra or PGET

Mike Swerzbin
deal 459788
Per Prebon counterparty should be Williams not Salt River.

MIke Swerzbin
deal 459789
Per Amerex cp should be Public Service of Colorado not El Paso

Mike Swerzbin
deal 460001
Amerex does not recognize it.

mike Swerzbon
deal 460002
Per Amerex term should be Q1'01 not Jan'01

Mike Swerzbin
I am missing the following Amerex deal:
Buy SCEM 25 mw of MID-C off-peak hrs for DEC' at $100.


Here is the new policy.
Ben
---------------------- Forwarded by Ben Gwaltney/NA/Enron on 12/06/2000 09:14
AM ---------------------------

	From:  Larry Dallman                           11/07/2000 11:27 AM

To: Ben Gwaltney/NA/Enron@Enron, Andrew Zabriskie/Corp/Enron@ENRON, Linda
Martin/GPGFIN/Enron@ENRON
cc:

Subject: Updated - Approval Authorizations

---------------------- Forwarded by Larry Dallman/GPGFIN/Enron on 11/07/2000
11:24 AM ---------------------------

Richard Causey

11/07/2000 09:18 AM
Sent by: Sharron Westbrook
To: Michael K Patrick/NA/Enron@Enron, Brent A Price/HOU/ECT@ECT, Rod
Hayslett/FGT/Enron@ENRON, Jeffrey E
Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Echols/Enron
Communications@Enron Communications, Carol
Howes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Howard Selzer/Corp/Enron@ENRON,
Kevin Hughes/HOU/EES@EES, Bob Butts/GPGFIN/Enron@ENRON, Wes
Colwell/HOU/ECT@ECT, Keith Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
Castleman/NA/Enron@Enron, Fernley Dyson/LON/ECT@ECT, Beth Apollo/LON/ECT@ECT,
Ben F Glisan/HOU/ECT@ECT, Mary Perkins/HOU/ECT@ECT, Larry
Dallman/GPGFIN/Enron@ENRON, Judy
Knepshield/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jim
Gearhart/Corp/Enron@ENRON, Tod A Lindholm/NA/Enron@Enron, Shawn
Kilchrist/NA/Enron@Enron, Terrie Wheeler/GPGFIN/Enron@ENRON, John
Berggren/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lisa Sutton/FGT/Enron@ENRON,
Misty Barrett/HOU/EES@EES, Dave Duncan/AA/Corp/Enron@ENRON
cc:

Subject: Updated - Approval Authorizations

As mentioned in my previous memo regarding Cash Control Standards, approval
authorizations are critical to our cash control environment.  Corporate
Accounts Payable is actively pursuing a "Workflow" system to route invoice
images for approval and processing.  This workflow solution will not be
implemented until early 2001.  In the interim, an approval process will be
implemented by AP and Treasury to ensure invoices have proper approvals and
correct general ledger coding.  Effective Monday, November 20 the following
approval authorizations will be required for all invoices, payment requests
and wire transfer requests that are $1,000,000 or greater:

(A)  Those NOT approved by an underlying contract or RAC require two
approvals:  a Managing Director approval of the payment, and an Accounting
Director approval of the general ledger coding.

(B)  Those that ARE approved by an underlying contract or RAC require an
Accounting Director approval of the payment  and general ledger coding.

In both examples above, supporting documentation must be attached.  If not
attached, then the payment will not be processed.

To assist us with implementing this approval process, I'm requesting each of
you to accumulate signatures of the Managing Directors and Accounting
Directors in your business unit using the attached form.  Please forward this
information to Larry Dallman (JFR568) by Friday, November 10th.

This new process becomes effective Monday, November 20th.  It important to
provide this information or payments greater than $1,000,000 will not be
processed.


LAURA SEND ME YOUR HOME NUMBER, CELL NUMBER AND PAGER AGAIN.  I'LL CALL YOU TONIGHT.  MOM IS FLYING IN TONIGHT

 -----Original Message-----
From: 	"Laura Hernandez" <Laura.Hernandez@trw.com>@ENRON [mailto:IMCEANOTES-+22Laura+20Hernandez+22+20+3CLaura+2EHernandez+40trw+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, September 07, 2001 7:29 AM
To:	spdhdz@aol.com; sandra.hernandez@crescentcom.com; mslucyroman@earthlink.net; Hernandez, Juan; Maria.Hernandez@lbb.state.tx.us; mroscarhernandez@yahoo.com
Subject:	Hernandez Update

Everyone,

There has been a major shakeup at TRW.  I have always  worked for TRW Automotive Electronics.  Well, we just got told that we TRW  AE has been dissolved and no longer exists.  I support the Safety  & Security, along with some Body Control plants.  Well, now I am  supposed to be going to the division known as Occupant Safety Systems (Airbags  & Seatbelts).  I am not sure what is going to  happen........

Laura