---------------------- Forwarded by Cara Semperger/PDX/ECT on 04/24/2001
03:00 PM ---------------------------

Cara Semperger
04/24/2001 02:52 PM
To: Portland Shift, Donald Robinson/PDX/ECT@ECT
cc:
Subject: Schedule cut at COB to run real time

Our upstream is Sempra, our Downstream is Mirant, it is a llh schedule that
was cut by 1 mw HE 4-6, 23-24.  Mirant is taking it to real time, and
Snohomish who is generating agrees with this.

Please call Mirant for the hours above to make sure everything is being
handled.  The path is marked in lotus notes with a cut symbol.

Cara


Sheila:  Ted Murphy and Bill Bradford should receive a request for this
agreement.

Sam:  ECT Investments already has an agreement with Merrill Lynch.  Let's
take a look at it and review the format and our clearing brokers.

Sara


Bob:

Attached is a draft "forward template" for circulation by Enron Corp. to
potential counterparties.  I based the template on the Lehman Bros. forward
transaction (which I will fax to you separately).  Per our discussion, please
take a look at the template from Enron's viewpoint and suggest improvements,
comments, etc.  Enron Corp. has a potential counterparty in the wings and I
would like to send out the template tomorrowl

Please call me with your questions.  As always, thanks for your help.  Sara


Dear Mark:  I'm helping Barbara Gray with the finalization of the GISB with El Paso Merchant Energy, L.P.

Barbara has approved El Paso's requested changes, Exhibit "B," and she will initial the document when it is in final form.  Please send me the info on Enron Compression Services that I'll need to fill in the front left side of the GISB.  I don't have their document in electronic form, but I hope that you do.

Many thanks,
Mary

Mary C. Ogden
Legal Specialist
Enron Corp./Legal
Phone:  713-853-7796
Fax:  713-646-3490
Mary.Ogden@enron.com


--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=PKAUFMA>
To: Shapiro, Richard </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rshapiro>
Date: Tuesday, November 20, 2001 10:41:02 GMT
Subject:

Thank you for the note below.

You've taken the brunt of this since the first inkling of bad news.  I understand that on the call last Friday, the group thanked you for keeping us all informed and together.  I wish that I could have been on the call to join with the rest of the group in expressing those thanks to you.

Enron has been, and for some hopefully will continue to be, a wild ride.  Being part of your group has made the ride really, really, fun and rewarding.

Beth, Lily and I hope you and your family enjoy the holiday.   We'll be over the mountains at our house in Black Butte.  We're out of pager range, but the cell phone works fine if you need to reach me re:  anything Dynegy or PGE.

Take care.

 -----Original Message-----
From: 	Dernehl, Ginger   On Behalf Of Shapiro, Richard
Sent:	Tuesday, November 20, 2001 7:50 AM
To:	Alamo, Joseph; Allegretti, Daniel; Allen, Joe; Alvarez, Ray; Assad, Sergio; Assaf, Lisa; Ausenhus, Kara; Barnes, Lynnette; Bellas, Kirsten; Bestard, Jose; Binns, Darran; Bolton, Scott; Boston, Roy; Braz, Gisele; Buerger, Rubena; Burns, Stephen; Canovas, Guillermo; Cantrell, Rebecca W.; Comnes, Alan; Connor, Joe; Cooney, Carolyn; Cooper, Adam N; Crowther, Mark; Dasovich, Jeff; Davies, Philip; Dawson, Paul; Decker, Larry; Dernehl, Ginger; Dressler, Jean; Elms, Nick; Fitzgibbon, Tom; Floris, Vinio; Frank, Robert; Fromer, Howard; Fulton, Donna; Gottfredson, Bryan; Grimes, Michael; Guerrero, Janel; Haizmann, Jan; Hamilton, Allison; Hardy Jr, John; Hartfield, Rita; Hawkins, Bernadette; Hemstock, Robert; Hennemeyer, Paul; Hetrick, Nancy; Hoatson, Tom; Huertas, Alfredo; Hueter, Barbara A.; Hughes, Llewelyn; Hunter, Bevin; Huson, Maggy; Ibrahim, Amr; Imai, Makiko; Kaufman, Paul; Kean, Steven J.; Keenan, Amber; Keene, Patrick; Kimura, Takashi; Kingerski, Harry; Kishigami, Kikumi; Knight, Laurie; Landwehr, Susan M.; Lassere, Donald; Lawner, Leslie; Lawrence, Linda L.; Leibman, Lara; Leonardo, Samuel; Levy, Alberto; Lindberg, Susan; Linnell, Elizabeth; Long, Chris; Mara, Susan; Maurer, Luiz; McVicker, Maureen; Migden, Janine; Milano, Pamela; Miller, Terri; Montovano, Steve; Nersesian, Carin; Neustaedter, Robert; Nicolay, Christi L.; Nord, Sue; Noske, Linda J.; Novosel, Sarah; O'connell, Earlene; Ogenyi, Gloria; Palmer, Germain; Perez, Carmen; Perez, Gus; Perrino, Dave; Petrochko, Mona L.; Pharms, Melinda; Reis, Jose Lucio; Reyna, Margo; Rishe, Frank; Rizzo, Helen; Roan, Michael; Robertson, Linda; Robinson, Marchris; Rodriquez, Andy; Ryall, Jean; Sampaio, Fred; Shapiro, Richard; Shelk, John; Shortridge, Pat; Staines, Dan; Steffes, James D.; Stephens, Sharonda; Stransky, Joan; Stroup, Kerry; Stubbings, Randy; Styles, Peter; Sullivan, Kathleen; Sullivan, Lora; Thome, Jennifer; Tiberi, Fino; Twiggs, Thane; Van Biert, Teun; Walton, Steve; Warner, Geriann; Watanabe, Mika; Wood, Doug; Yeung, Charles; Yoho, Lisa
Subject:	American Thanksgiving
Importance:	High

A few months ago, I sent a note to the North American Government Affairs group commemorating a bit of an end point in our efforts relative to California.  In that memo, I included a quote that went as follows ? "What we do in life echoes through eternity".  I think of these words often and believe them more than ever, particularly after the events, both external and internal to Enron, of the last few months.  I do not know for sure what the next few weeks or months will bring for any of us, but I do know that what we've done here at Enron in Government Affairs over the last several years, whether in Houston, Washington, London, Brussels, Sao Paulo, etc. was very good and will be remembered for the positive difference that we have all made in the industries in which we have worked and for each other.  We even had a good time doing it.  The good work we do will go on for many, if not, all of us . . . for some, here; for others, elsewhere.

Regardless of what the future holds, we should all be quite proud of what we have accomplished here and how it has been accomplished.  My personal appreciation for all that you have done as well as at having had the opportunity to be part of a group that, unfortunately, will be inalterably impacted and changed over the next few weeks, is boundless.  Irrespective of where these changes may take any one of us, I will continue to do all I can to earn your trust and respect.

On a more holiday-related note, for those in the U.S., who are working this week, please feel free to leave as early as possible on Wednesday in advance of Thanksgiving to spend time with your families or loved ones.  For those not celebrating the American Thanksgiving, you too should try and take some additional time for yourself and families over the next few days, work and business demands permitting.

Thank you.

Ginger Dernehl
Administrative Coordinator
Global Government Affairs
Phone# 713-853-7751
Fax# 713-646-8160

--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SNORD>
To: Shapiro, Richard </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rshapiro>
Date: Tuesday, November 20, 2001 6:52:56 GMT
Subject:

As always, your thoughts are extremely gracious and most appreciated.

 -----Original Message-----
From: 	Dernehl, Ginger   On Behalf Of Shapiro, Richard
Sent:	Tuesday, November 20, 2001 9:50 AM
To:	Alamo, Joseph; Allegretti, Daniel; Allen, Joe; Alvarez, Ray; Assad, Sergio; Assaf, Lisa; Ausenhus, Kara; Barnes, Lynnette; Bellas, Kirsten; Bestard, Jose; Binns, Darran; Bolton, Scott; Boston, Roy; Braz, Gisele; Buerger, Rubena; Burns, Stephen; Canovas, Guillermo; Cantrell, Rebecca W.; Comnes, Alan; Connor, Joe; Cooney, Carolyn; Cooper, Adam N; Crowther, Mark; Dasovich, Jeff; Davies, Philip; Dawson, Paul; Decker, Larry; Dernehl, Ginger; Dressler, Jean; Elms, Nick; Fitzgibbon, Tom; Floris, Vinio; Frank, Robert; Fromer, Howard; Fulton, Donna; Gottfredson, Bryan; Grimes, Michael; Guerrero, Janel; Haizmann, Jan; Hamilton, Allison; Hardy Jr, John; Hartfield, Rita; Hawkins, Bernadette; Hemstock, Robert; Hennemeyer, Paul; Hetrick, Nancy; Hoatson, Tom; Huertas, Alfredo; Hueter, Barbara A.; Hughes, Llewelyn; Hunter, Bevin; Huson, Maggy; Ibrahim, Amr; Imai, Makiko; Kaufman, Paul; Kean, Steven J.; Keenan, Amber; Keene, Patrick; Kimura, Takashi; Kingerski, Harry; Kishigami, Kikumi; Knight, Laurie; Landwehr, Susan M.; Lassere, Donald; Lawner, Leslie; Lawrence, Linda L.; Leibman, Lara; Leonardo, Samuel; Levy, Alberto; Lindberg, Susan; Linnell, Elizabeth; Long, Chris; Mara, Susan; Maurer, Luiz; McVicker, Maureen; Migden, Janine; Milano, Pamela; Miller, Terri; Montovano, Steve; Nersesian, Carin; Neustaedter, Robert; Nicolay, Christi L.; Nord, Sue; Noske, Linda J.; Novosel, Sarah; O'connell, Earlene; Ogenyi, Gloria; Palmer, Germain; Perez, Carmen; Perez, Gus; Perrino, Dave; Petrochko, Mona L.; Pharms, Melinda; Reis, Jose Lucio; Reyna, Margo; Rishe, Frank; Rizzo, Helen; Roan, Michael; Robertson, Linda; Robinson, Marchris; Rodriquez, Andy; Ryall, Jean; Sampaio, Fred; Shapiro, Richard; Shelk, John; Shortridge, Pat; Staines, Dan; Steffes, James D.; Stephens, Sharonda; Stransky, Joan; Stroup, Kerry; Stubbings, Randy; Styles, Peter; Sullivan, Kathleen; Sullivan, Lora; Thome, Jennifer; Tiberi, Fino; Twiggs, Thane; Van Biert, Teun; Walton, Steve; Warner, Geriann; Watanabe, Mika; Wood, Doug; Yeung, Charles; Yoho, Lisa
Subject:	American Thanksgiving
Importance:	High

A few months ago, I sent a note to the North American Government Affairs group commemorating a bit of an end point in our efforts relative to California.  In that memo, I included a quote that went as follows ? "What we do in life echoes through eternity".  I think of these words often and believe them more than ever, particularly after the events, both external and internal to Enron, of the last few months.  I do not know for sure what the next few weeks or months will bring for any of us, but I do know that what we've done here at Enron in Government Affairs over the last several years, whether in Houston, Washington, London, Brussels, Sao Paulo, etc. was very good and will be remembered for the positive difference that we have all made in the industries in which we have worked and for each other.  We even had a good time doing it.  The good work we do will go on for many, if not, all of us . . . for some, here; for others, elsewhere.

Regardless of what the future holds, we should all be quite proud of what we have accomplished here and how it has been accomplished.  My personal appreciation for all that you have done as well as at having had the opportunity to be part of a group that, unfortunately, will be inalterably impacted and changed over the next few weeks, is boundless.  Irrespective of where these changes may take any one of us, I will continue to do all I can to earn your trust and respect.

On a more holiday-related note, for those in the U.S., who are working this week, please feel free to leave as early as possible on Wednesday in advance of Thanksgiving to spend time with your families or loved ones.  For those not celebrating the American Thanksgiving, you too should try and take some additional time for yourself and families over the next few days, work and business demands permitting.

Thank you.

Ginger Dernehl
Administrative Coordinator
Global Government Affairs
Phone# 713-853-7751
Fax# 713-646-8160

--------- Inline attachment follows ---------

From:  <jonathan@gersten.com>
To: Shapiro, Richard </O=ENRON/OU=NA/CN=RECIPIENTS/CN=RSHAPIRO>
Date: Tuesday, November 20, 2001 4:51:58 GMT
Subject:

We should have the policies next week and then forwarded on to you.Have good Thanks giving.
  ----- Original Message -----
  From: Shapiro, Richard
  To: Jonathan Goldstein
  Sent: Tuesday, November 20, 2001 11:39 AM
  Subject: RE: Life Ins. App

  Will get in mail tonight. Thanks.
    -----Original Message-----
    From: Jonathan Goldstein [mailto:jonathan@gersten.com]
    Sent: Tuesday, November 20, 2001 10:37 AM
    To: Shapiro, Richard
    Subject: Fw: Life Ins. App

    Hi Rich,
    They did approve the 2mm.To activate the coverage:

        Michele Lecoca--$1610 - 10% off 1st yr-$1449
                                             (z01209440)
       Richard Shapiro--$1890- 10%off   1st yr-1701
                                                (Z01209831)
                  payable to:West Coast Life
                               send to
                      Jonathan GOldstein
                  189 Reservoir st
                      Needham,Ma 02494

    ----- Original Message -----
    From: Jonathan Goldstein
    To: Shapiro, Richard
    Sent: Thursday, November 15, 2001 1:02 PM
    Subject: Re: Life Ins. App

    Hi Rich,
    Both you and Michelle were approved super preferred by
    West Coast Life:
                                  Richard   $1.5mm-20yr is $1430
                                                   $2mm---20yr is $1890
                                                  $1.5mm- 30yr is$ 2980
                                                  $2mm----30yr is$3950
                                 Michelle  $1.5mm-20yr is $1220
                                                  $2mm---20yr is $1620
                                If paid annual the 1st yr there is
                           a 10% disc ount for 1st yr only.So you
                          could pay annual this year than pay qy or
    semi next year.

      ----- Original Message -----
      From: Shapiro, Richard
      To: Jonathan Goldstein ; rshapiro@enron.com
      Sent: Wednesday, November 07, 2001 4:53 PM
      Subject: RE: Life Ins. App

      281-955-3600 for their FM 1960 location (brain MRI) and 281-446-2930 for their Humble location(stomach x-rays). All tests were negative, just a hypochondriac.
        -----Original Message-----
        From: Jonathan Goldstein [mailto:jonathan@gersten.com]
        Sent: Wednesday, November 07, 2001 3:08 PM
        To: rshapiro@enron.com
        Subject: Life Ins. App

        Do you know where River Oaks or do you have there ph#?

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

--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=GOGENYI>
To: Shapiro, Richard </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rshapiro>
Date: Tuesday, November 20, 2001 4:47:37 GMT
Subject:

Rick, thanks for your compassion, candour, and integrity through this process. Your management of this crises represents for me the very essence of the Enron that I believed in. If the truth be told, we indeed have a lot to be thankful for - the opportunity to work with great people and to work for what was a great company. I pray that inspite of all that has happened, your heart will be filled with thankful praise at this season of thanksgiving.

Regards,
Gloria

 -----Original Message-----
From: 	Dernehl, Ginger   On Behalf Of Shapiro, Richard
Sent:	Tuesday, November 20, 2001 9:50 AM
To:	Alamo, Joseph; Allegretti, Daniel; Allen, Joe; Alvarez, Ray; Assad, Sergio; Assaf, Lisa; Ausenhus, Kara; Barnes, Lynnette; Bellas, Kirsten; Bestard, Jose; Binns, Darran; Bolton, Scott; Boston, Roy; Braz, Gisele; Buerger, Rubena; Burns, Stephen; Canovas, Guillermo; Cantrell, Rebecca W.; Comnes, Alan; Connor, Joe; Cooney, Carolyn; Cooper, Adam N; Crowther, Mark; Dasovich, Jeff; Davies, Philip; Dawson, Paul; Decker, Larry; Dernehl, Ginger; Dressler, Jean; Elms, Nick; Fitzgibbon, Tom; Floris, Vinio; Frank, Robert; Fromer, Howard; Fulton, Donna; Gottfredson, Bryan; Grimes, Michael; Guerrero, Janel; Haizmann, Jan; Hamilton, Allison; Hardy Jr, John; Hartfield, Rita; Hawkins, Bernadette; Hemstock, Robert; Hennemeyer, Paul; Hetrick, Nancy; Hoatson, Tom; Huertas, Alfredo; Hueter, Barbara A.; Hughes, Llewelyn; Hunter, Bevin; Huson, Maggy; Ibrahim, Amr; Imai, Makiko; Kaufman, Paul; Kean, Steven J.; Keenan, Amber; Keene, Patrick; Kimura, Takashi; Kingerski, Harry; Kishigami, Kikumi; Knight, Laurie; Landwehr, Susan M.; Lassere, Donald; Lawner, Leslie; Lawrence, Linda L.; Leibman, Lara; Leonardo, Samuel; Levy, Alberto; Lindberg, Susan; Linnell, Elizabeth; Long, Chris; Mara, Susan; Maurer, Luiz; McVicker, Maureen; Migden, Janine; Milano, Pamela; Miller, Terri; Montovano, Steve; Nersesian, Carin; Neustaedter, Robert; Nicolay, Christi L.; Nord, Sue; Noske, Linda J.; Novosel, Sarah; O'connell, Earlene; Ogenyi, Gloria; Palmer, Germain; Perez, Carmen; Perez, Gus; Perrino, Dave; Petrochko, Mona L.; Pharms, Melinda; Reis, Jose Lucio; Reyna, Margo; Rishe, Frank; Rizzo, Helen; Roan, Michael; Robertson, Linda; Robinson, Marchris; Rodriquez, Andy; Ryall, Jean; Sampaio, Fred; Shapiro, Richard; Shelk, John; Shortridge, Pat; Staines, Dan; Steffes, James D.; Stephens, Sharonda; Stransky, Joan; Stroup, Kerry; Stubbings, Randy; Styles, Peter; Sullivan, Kathleen; Sullivan, Lora; Thome, Jennifer; Tiberi, Fino; Twiggs, Thane; Van Biert, Teun; Walton, Steve; Warner, Geriann; Watanabe, Mika; Wood, Doug; Yeung, Charles; Yoho, Lisa
Subject:	American Thanksgiving
Importance:	High

A few months ago, I sent a note to the North American Government Affairs group commemorating a bit of an end point in our efforts relative to California.  In that memo, I included a quote that went as follows ? "What we do in life echoes through eternity".  I think of these words often and believe them more than ever, particularly after the events, both external and internal to Enron, of the last few months.  I do not know for sure what the next few weeks or months will bring for any of us, but I do know that what we've done here at Enron in Government Affairs over the last several years, whether in Houston, Washington, London, Brussels, Sao Paulo, etc. was very good and will be remembered for the positive difference that we have all made in the industries in which we have worked and for each other.  We even had a good time doing it.  The good work we do will go on for many, if not, all of us . . . for some, here; for others, elsewhere.

Regardless of what the future holds, we should all be quite proud of what we have accomplished here and how it has been accomplished.  My personal appreciation for all that you have done as well as at having had the opportunity to be part of a group that, unfortunately, will be inalterably impacted and changed over the next few weeks, is boundless.  Irrespective of where these changes may take any one of us, I will continue to do all I can to earn your trust and respect.

On a more holiday-related note, for those in the U.S., who are working this week, please feel free to leave as early as possible on Wednesday in advance of Thanksgiving to spend time with your families or loved ones.  For those not celebrating the American Thanksgiving, you too should try and take some additional time for yourself and families over the next few days, work and business demands permitting.

Thank you.

Ginger Dernehl
Administrative Coordinator
Global Government Affairs
Phone# 713-853-7751
Fax# 713-646-8160

--------- Inline attachment follows ---------

From:  <rickshapiro@hotmail.com>
To: Shapiro, Richard </O=ENRON/OU=NA/CN=RECIPIENTS/CN=RSHAPIRO>
Date: Tuesday, November 20, 2001 4:38:31 GMT
Subject:

please remember and never forget...

>From: "Shapiro, Richard" <RICHARD.SHAPIRO@ENRON.COM>

>To: <RICKSHAPIRO@HOTMAIL.COM>

>Subject: FW: Thank You

>Date: Tue, 20 Nov 2001 07:19:58 -0600

>

>Amy: thanks for being there last night..I feel fine..I've done my best

>w/o sacrificing any of myself. I love you.

>

> > -----Original Message-----

> > From: Pharms, Melinda

> > Sent: Tuesday, November 20, 2001 6:39 AM

> > To: Shapiro, Richard

> > Subject: Thank You

> >

> > Hello Rick. I didn't get a chance to tell you in person - Thank You.

> > It meant alot to me and I'm sure everyone else on how you handled

> > Enron's "issues" and the Sept. 11th event. I think this showed to me

> > your true compassion and explains the loyalty that your employees have

> > for you.

> >

> > When I grow up, I want to be just like you. :-)

> >

> > Again, Thanks and it was very much appreciated.

> >

> > Melinda

>

>

>**********************************************************************

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

>**********************************************************************

Get your FREE download of MSN Explorer at http://explorer.msn.com


---------------------- Forwarded by Susan M Scott/HOU/ECT on 08/29/2000 04:16
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Misti Day                           08/29/2000 04:12 PM

To: Susan M Scott/HOU/ECT@ECT
cc: Shiji Varkey/Corp/Enron@ENRON
Subject: Mexico Origination

Susan,
Attached is a list of all originations done by Mexico for August.  I have
highlighted the ones that have not be granted.  Please let me know if you
have any information on these!

Thanks,
Misti
x39525


You're e-mailing me on Greg's address book.  It's because I responded to your
first address from his e-mail and I thought I was in my address book.

Honey,  please feel better soon.  I'm saying a prayer for you right now.  I'm
glad I put a smile on your face (and what a handsome face it is).    Liz

"Hoskins, Kenneth" <khoskins@dlj.com> on 01/29/2001 12:00:24 PM
To: "'Greg.Whalley@enron.com'" <Greg.Whalley@enron.com>
cc:
Subject: RE:

 Going
forward, you're getting "fine or not so fine." - I don't understand.

I'm having a poor day.  Got to have thick skin in this business.
Hey, thinking of your beautiful "happy" smile makes me smile.  You certainly
deserve someone that brings that special kind of joy to your life.

-----Original Message-----
From: Greg.Whalley@enron.com [mailto:Greg.Whalley@enron.com]
Sent: Monday, January 29, 2001 12:52 PM
To: khoskins@Dlj.com
Subject: RE:

He asked me to table it til this week.  Last week was full of activities
planning for the Analyst conference and tons of meetings about our problems
in CA (Power).

Sorry you're not feeling well.  Take care of yourself.    I had a lovely
weekend, thank you.  Edmond and I did dinner & dancing on Saturday night.
We had a picnic @ Allen Parkway on yesterday afternoon.  Followed by a
Super Bowl party for two.  This was a lot of fun.  We ate junk food and
drank cokes all night.  By 3:30a.m. this morning we both had a stomach
ache.

Am I sharing enough, to much?  I think I like me old way better.  Going
forward, you're getting "fine or not so fine."

Liz

"Hoskins, Kenneth" <khoskins@dlj.com> on 01/29/2001 11:02:55 AM

To:   "'Greg.Whalley@enron.com'" <Greg.Whalley@enron.com>
cc:
Subject:  RE:

I had a so, so weekend.  I'm tired, half ill, and working for some new
accounts.  Any word yet?

How was your weekend?

I'm sure you and Edmund had a blast - what did you do?

-----Original Message-----
From: Greg.Whalley@enron.com [mailto:Greg.Whalley@enron.com]
Sent: Monday, January 29, 2001 11:21 AM
To: Hoskins, Kenneth
Subject: Re:

Good Morning Ken,

Good weekend?

liz

"Hoskins, Kenneth" <khoskins@dlj.com> on 01/29/2001 10:11:18 AM

To:   "'whalley@enron.com'" <whalley@enron.com>
cc:   "'liz.m.taylor@enron.com'" <liz.m.taylor@enron.com>
Subject:

Please see below a summary of E&P weekly from CSFB research team.  The
complete report is attached for your review.

> 1) Group rebounds from over-sold position advancing 4%, leaders include
> Swift, Ocean, Mitchell, Louis Dreyfus and Canadian Natural.
> 2) Despite weather related selling pressure on near month natural gas
> prices, the out months remain strong between $5.50 and $6.00.
> 3) With 20% of US gas production reporting, volumes declined 1.6%
> sequentially and 5.5% versus 4Q99. Volumes declined 4% in 2000 versus
> 1999.
> 4) Value creation update: 5 companies reported increasing value by 29%
> on average, leaders include Pogo, Ocean and Pioneer.
>
>
 <<EnP012901.pdf>>
Regards,

Kenneth F. Hoskins
Private Client Services
Credit Suisse First Boston

Donaldson, Lufkin & Jenrette Securities Corporation
 an affiliate of
CREDIT SUISSE FIRST BOSTON CORPORATION

401 City Avenue, Suite 110
Bala Cynwyd, PA 19004-1122

office: (610) 660-8914
   cell: (301) 922-9932
email: kenneth.hoskins@csfb.com

The information contained herein is provided, at your request, for
informational purposes only.  We make no representation as to its accuracy
or completeness.  Also, this information does not supersede confirmations
or
statements sent to you by DLJ.  Further, it does not constitute an offer to
buy or sell these securities.

(See attached file: EnP012901.pdf)


Mark,

Turbine 5 (the prototype I think) shows up on some graphs but not on all
graphs.  Do you know why this is occurring?

HK
---------------------- Forwarded by Hollis Kimbrough/EWC/Enron on 06/19/2002
12:12 PM ---------------------------

Hollis Kimbrough
06/19/2002 11:26 AM
To: Elliott Fong/EWC/Enron@ENRON, Mike Lewis/EWC/Enron@ENRON
cc: John Nemila/EWC/Enron@ENRON, Harvey Kaura/EWC/Enron@ENRON, Dan
Lindquist/EWC/Enron@Enron, Hollis Kimbrough/EWC/Enron@ENRON, Jeff
Maurer/EWC/Enron@ENRON, Mark Fisher/EWC/Enron@Enron

Subject: Old VG SPC Results

Attached please find a new Statistical Process Control analytic which
displays the turbine performance for your site.  The report pdf is a summary
of the other two reports and delineates which turbines fall outside the 2
sigma line for each category.  The other two reports provide more detail
regarding the turbine performance including the degree to which a turbine
falls outside the 2 sigma line.

Please note that we are still working with the analytic and you will find
some extraneous characters in the results.  Please add these characters in
with the main group for which they are intended.  We will have them removed
from the code next month.

Best Regards,
Hollis


Thai sounds good.  I'm open, though.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


----- Forwarded by Mark E Haedicke/HOU/ECT on 08/14/2000 12:00 PM -----

	Frazier King@ENRON
	08/11/2000 05:31 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: EBA Presentation

Mark,

Thanks for a great presentation today.
I have already received several comments
from people saying how much they enjoyed it.

I've attached a few orchid shots.
In fact, I will be showing them all on Saturday.
My photo organization, Houston Center for Photography is sponsoring a print
sale.
It is from 10 am to 6 pm this Sat. at 1441 Alabama (near the Menil).

Hope you have a great weekend.
Thanks again.

Frazier


Can you unarchive m:\common\power\position\dpr\1999 and as far back as there are years in this directory.

Stacey


Fran,

What was the resolution of the payments  to the LRC people?

Michelle


The articles below provide excellent commentary on what we are up against.  Whether we like it or not history is littered with fallen empires and nations who have persecuted the Jews.  Israel, unlike us, at least until now, understands that it is in a war; a war for it's very survival; a war against those who openly state that they do not consider Israel to have the right to even exist.  But we know from the Bible that Israel will always exist and those who help the Jews, God will bless and those who hate the Jews, God will punish.  And even though we don't always agree with what Israel does, they are our friends, they know how to fight, and they are our allies in this War.

Israel knows they are in a fight for their very existence.  The same enemy of the Jews hates America.  They hate America and the West for the very reasons outlined in the article below.  They are and have been openly at war with us for years.  Every American better understand that now! And if we don't have the best intelligence service and the best armed forces in the world we are going to continue to pay dearly.  Several years before World War Two, MacArthur, while Chief of Staff of the Army, stated that there was nothing more expensive than a cheap army.  We can expand that today to include all aspects of national security to include an intelligence apparatus necessary to penetrate enemy organizations.  The additional challenge we face is in curbing the never ending desire for bigger and stronger government at the expense of freedom.  Can we as a people vote in statesmen rather than politicians to fill the ranks of government?

But above and beyond all of this is the fact that the Christian (those who believe in Jesus Christ - "faith alone in Christ alone" - for salvation) must understand that Jesus Christ does control history and no matter what happens on the historical scene He will take care of us both in life and in death.    With that said, we need to make sure that as many of these terrorists as possible meet "allah" very soon.

----- Original Message -----
From: Drexsmit@aol.com <mailto:Drexsmit@aol.com>
To: rgsu49a@email.msn.com <mailto:rgsu49a@email.msn.com> ; JCfirenze@aol.com <mailto:JCfirenze@aol.com> ; IBWriter@aol.com <mailto:IBWriter@aol.com> ; Vegski@aol.com <mailto:Vegski@aol.com> ; eeasum@els.wylelabs.com <mailto:eeasum@els.wylelabs.com> ; Timothy_Escobar@ml.com <mailto:Timothy_Escobar@ml.com> ; REvans6873@aol.com <mailto:REvans6873@aol.com> ; Wfedders@mtsac.edu <mailto:Wfedders@mtsac.edu> ; Sohifriend@webtv.net <mailto:Sohifriend@webtv.net> ; ihrke@mindspring.com <mailto:ihrke@mindspring.com> ; jkeeter@hmp.wylelabs.com <mailto:jkeeter@hmp.wylelabs.com> ; vannkenn@yahoo.com <mailto:vannkenn@yahoo.com> ; kendallstudio@yahoo.com <mailto:kendallstudio@yahoo.com> ; rlkenda@pacbell.net <mailto:rlkenda@pacbell.net> ; guy@streamtech.com <mailto:guy@streamtech.com> ; llsells@att.net <mailto:llsells@att.net> ; Clcrsvp@aol.com <mailto:Clcrsvp@aol.com> ; michelle.r.moore@bankamerica.com <mailto:michelle.r.moore@bankamerica.com> ; dansam@attglobal.net <mailto:dansam@attglobal.net> ; prasmuss@mtsac.edu <mailto:prasmuss@mtsac.edu> ; ebs@gte.net <mailto:ebs@gte.net> ; gshindo@prodigy.net <mailto:gshindo@prodigy.net> ; TONYSPLANS@aol.com <mailto:TONYSPLANS@aol.com> ; Andre.Smith@usoncology.com <mailto:Andre.Smith@usoncology.com> ; ADSGTS@aol.com <mailto:ADSGTS@aol.com> ; Jaqsmit@aol.com <mailto:Jaqsmit@aol.com> ; cspry@earthlink.com <mailto:cspry@earthlink.com> ; kimkaw@yahoo.com <mailto:kimkaw@yahoo.com> ; Dancuer@earthlink.net <mailto:Dancuer@earthlink.net> ; Superangell3@onebox.com <mailto:Superangell3@onebox.com> ; bwheelock@hotmail.com <mailto:bwheelock@hotmail.com> ; revimar@earthlink.net <mailto:revimar@earthlink.net> ; dick.wright@aepi.army.mil <mailto:dick.wright@aepi.army.mil>
Sent: Saturday, September 15, 2001 10:10 AM
Subject: Worth a read (if you have time)

An interesting debate by folks that know far more that I about middle east stuff.  M/ Petit and Charlie are both former analysts with one of our security organizations and offer interesting insights.  If you are in the mood, worth a read (start on the bottom article)...DLS

Comments by M/ Petit:
In response to several articles and comments I have received:

Regarding the original article, I disagree with one of the points.   Jews were originally treated decently for a while within Islam.  As was women, until the Arabs encountered the tradition of purdah in India. Mohammed incorporated the Jewish prophets and have Jesus as one of  his prophets.

As to comments that our relationship with Israel is the basis of this conflict, I disagree.   There is a perceived cultural divide on the part of the fanatical Muslims.  The West is more representative of the devil's evil ways.  We are to them to the pagans that Christian missionaries sought to convert.  However, conversion to Islam is usually done under the sword.  And it goes deeper.  We have defeated the Islamic forces when we have engaged them.  And the Israelis have also done so.  The defeats have been so thorough as to be humiliating.

Israel must perceive itself as being independent.  Politically their leader never could accept direct orders from another state.  But, note, one of the first countries to offer sympathy and support was Israel.
Note one thing.  Arabs started the slave trade.  Swahili is the language of the Arab slave traders with their African business partners.  African Muslims were buried in a separate section in a Muslim cemetery.  Farrakan and his followers wake up.

Pakistan has declared it would support the US with permitting overhead flights.  The Afghanis are flooding out of their country.  The Afghan leaders are announcing that they are safe, don't worry.  The bottom line is that even the Afghanis under the Taliban know who will win.
We have won the first skirmish in the War Against Terrorists.

M/Petit

-ubject: Re: Article on the Cause of the Attack

Interesting historical presentation - good food for thought - I also refer you to page A-28 of the 15 September 2001 Washington Post.

Bush requests Shaon get on with talks with Arafat - Sharon says shove it up your nose - is this a positive thinking member of the western world?  We send $4B a year to Israel to protect them as a nation and assist in keeping them in the "modern" world - It never hurts to talk to your adversaries -  even if you talk while fighting.  The current disaster poses an opportunity for both friends and allies to understand U.S. power.

Thoughts?

  <http://www.nationalreview.com/images/page_2001_derbyshire-print.gif>

Hesperophobia
On blaming the Jews.
Mr. Derbyshire is also an NR contributing editor
September 13, 2001 5:00 p.m.

Back in 1982 there were some horrible massacres at two Palestinian refugee camps in Lebanon. Christian Lebanese Arabs actually did the killing; but the Israeli army was in the neighborhood, and was responsible, at some theoretical level, for keeping the peace in the zone that included the camps. Because of this, the Israelis took much of the brunt of the world's outrage at the killings. Commenting on these events, the Israeli Prime Minister, Menachem Begin, remarked in disgust: "Goyim kill goyim, and they blame the Jews!"
I've been getting the same feeling from some of my e-mail. The fundamental reason America is under attack by Arab terrorists, several dozen people want me to know, is that the U.S. supports Israel. And the only reason we do that, several of them have said, or hinted, is because of the political power of the Jewish lobby here in the U.S.A. A few of my correspondents have expressed themselves more ... bluntly than that. Put it this way: While I have not yet encountered the word "bloodsuckers" (perhaps my readership isn't "diverse" enough), some of this stuff comes pretty close - though I should say in fairness, most is argued on cold national-interest grounds. At any rate, a lot of people feel that the mass killing of Americans by Arab terrorists is all the fault of Israel and those American politicians who, for low and disreputable motives, or from sheer blindness to America's true ideals and interests, support her. Goyim kill goyim, and they blame the Jews.
Setting aside the statistical certainty that some of the dead Americans are Jewish (as, in high statistical probability, some were of Arab origins), and at the risk of yet more ill-tempered or abusive e-mails, I am going to declare that I don't think these recent outrages can be blamed on the Jews, nor even on pro-Israel American politicians. The root phenomenon is not American involvement in Middle Eastern affairs: The root phenomenon is hesperophobia.
This word was coined by the political scientist Robert Conquest. Its roots are the Greek words hesperos, which means "the west" and phobos, which means "fear," but which when used as an English suffix can also carry the meaning "hate." Hesperophobia is fear or hatred of the West. [While I'm in the classical stuff, by the way, I committed a breach of good manners in my last posting by inserting a Latin tag without translation. I am sorry. Oderint dum metuant means "Let them hate us, so long as they fear us." Seneca rebuked Cicero for saying it, though it seems to have been current among educated late-republican Romans.]
Here is the news: A lot of people out there hate us. The name "Durban" mean anything? In China, in India, in Pakistan, in Indonesia and Malaysia, in Africa, and in the Arab countries, European civilization - the West - is widely hated. Matter of fact, quite a lot of Europeans and Americans hate it, too, as you will know if you spend much time on college campuses.
I can't see any strong reason for believing that if the state of Israel were to disappear from the face of the earth tomorrow, hesperophobia would disappear with it. Not even just Arab hesperophobia would decline. A common word for Europeans in the Arabic language is feringji, from "Frank," i.e. crusader. Arabs don't hate us because we support Israel. They hate us because we humiliated them, showed up the gross inferiority of their culture. To them, and similarly humiliated peoples, we are the other, detested and feared in a way we can barely understand. Things got really bad in the 19th century. When European society achieved industrial lift-off, Europeans were suddenly buzzing all over the world like a swarm of bees. They encountered these other cultures, that had been vegetating in a quiet conviction of their own superiority for centuries (or in the case of the Chinese, millennia). When these encounters occurred, the encountered culture collapsed in a cloud of dust. Some of them, like the Turks, managed to reconstitute themselves as more or less modern nations; others, like the Arabs and the Chinese, are still struggling with the trauma of that encounter. Neither the Arabs nor the Chinese, for example, have yet been able to attain rational, constitutional government. For a devastating look at the paleolithic condition of politics and society in the Arab world, I strongly recommend my colleague David Pryce-Jones's book, The Closed Circle <http://www.amazon.com/exec/obidos/ASIN/0060981032/qid=1000382845/sr=1-12/ref=sc_b_12/103-0202540-1179008/nationalreviewon>.

The 1991 Gulf War showed how little has changed since those first encounters. Here were the armies of the West: swift, deadly, efficient, equipped and organized, under the command of elected civilians at the head of a robust and elaborate constitutional structure. And here were the Arabs: a shambling, ill-nourished, shoeless rabble, led by a mad gangster-despot. (That was their Arabs. There were also, of course, our Arabs - the Kuwaitis and Saudis, cowering in their plush-lined air-conditioned bunkers being waited on by their Filipino servants while we did their fighting for them.) Final body counts: the West, 134 dead, the Arabs, 20,000 or more. The superiority of one culture over another has not been so starkly demonstrated since a handful of British wooden ships, at the end of ten-thousand-mile lines of communications, brought the Celestial Empire to its knees 150 years earlier. The Chinese are still mad about that: They are still making angry, bitter movies about the Opium Wars. A hundred and 50 years from now, the Arabs will not have forgotten the Gulf War.
If you haven't spent some time in its company, the depth, and bitterness of hesperophobia in these cultures is hard to imagine. As Thomas Friedman points out in today's New York Times, Palestinian suicide bombers do not target yeshivas, synagogues, or religious settlements. They go for shopping malls or Sbarro's outlets. Sure, they hate the Jews, but they hate the West as much, or more.
Israel is not a cause of any of this, except to the degree that Israeli culture is essentially Western. If the present state of Israel were inhabited by Christian Lithuanians or Frenchmen, the hatred would be nearly as intense. Nearly, not completely: Hatred of the Jews has been built into Arab-Moslem culture since the time of Mohammed. There is a tale you will hear from Arab apologists that the Jews were contented and well treated in the old Arab-Moslem empires. This is nonsense: More often than not, they were treated like swine. For a true account, read Joan Peters's From Time Immemorial <http://www.amazon.com/exec/obidos/ASIN/0963624202/qid=1000384153/sr=1-1/ref=sc_b_1/103-0202540-1179008/nationalreviewon>, or Gil Carl Alroy Behind the Middle East Crisis</a>. From the Arab point of view, Israel, or any Western state on "Arab land," is an outrage, an illegitimate creation, a crusader state. The fact that the Jews had a wealthy and powerful nation on that land three thousand years ago counts for nothing. Israel is, from the point of view of most Arabs, an alien graft that must not be allowed to "take." It is a reminder of what can barely be thought of without acute psychic pain: the squalid, hopeless, irredeemable inferiority of one's own culture by comparison with another.
So, so, so, is this any of America's business? What are we doing, meddling in the Middle East? Where is our interest? Well, U.S. politicians must speak for themselves, but if I had any position of authority in any Western nation, I would be urging full support for Israel, and I am not Jewish. (Following my Passover column <http://www.nationalreview.com/derbyshire/derbyshire041001.shtml>, in fact, a lot of NRO readers, along with at least one ex-editor of The New Republic, believe I am an anti-Semite.) It's a matter of cultural solidarity. We of the West must hang together, or else we shall hang separately. American isolationists simply do not understand how much we are hated in other places.
What, after all, does the Buchananite program offer us, if carried through? We have no troops in Israel to be withdrawn. If we withdraw our aid, the Israelis will be less able to defend themselves against the Arabs. Should we just let the free market take over, U.S. arms manufacturers selling weapons to them cash on the nail? Apparently not: Several of my correspondents have explained to me that what so enrages the Arabs is the sight of their people being killed "by American weapons." Oh. No weapons, then (and presumably we should try to repatriate the ones they already have - lots of luck with that, guys). But if we don't arm the Israelis, who will? While other hesperophobic countries - China, for example - are gleefully arming the Arabs and other Israel-haters like Iran, and pocketing the profits?
And the end of it all will be ... what? Inevitably, without our support, it will be the destruction of Israel. They are so few, and the Arabs so many. The Arabs will overwhelm that tiny state, and there will be such an orgy of massacre as has not been seen since the Rape of Nanking. And we shall be doing ... what? Watching it on our TVs, with a six-pack and a bucket of Nacho chips in hand? That's the Buchananite vision? If so, it is a vision of cowards and fools, and I want no part of it.
Israel's culture is ours. She is part of the West. If she goes down, we have suffered a defeat, and the howling, jeering forces of barbarism have won a victory. You don't have to be Zionist, nor even Jewish, to support Israel. You don't have to be in the pocket of the Israeli congressional lobbies, or a suck-up to "powerful pro-Zionist interests." You don't have to pretend not to notice the occasional follies and cruelties of Israeli policy. You don't have to forget about the U.S.S. Liberty or Jonathan Pollard. You just have to think straight. You just have to understand that the war between civilization and barbarism is being fought today just as it was fought at Chalons and Tours, at the gates of Kiev and Vienna, by the hoplites at Marathon and the legions on the Rhine. It is, as you have heard a thousand times, this past few days, a war; and the thing about war is, you have to take sides, and close your eyes to your allies' imperfections for the duration. There isn't any choice. What happened this week was not, or not only, an act of anti-Americanism, anti-Israelism, or anti-Semitism. It was in part all those things: but more than anything else, it was an act of hesperophobia.
###


I will be out of the office next week on Spring Break. Can you participate on
this call? Please report what is said to Christian Yoder 503-464-7845 or
Steve Hall 503-4647795

	"A William Urquhart" <awu@quinnemanuel.com>
	03/09/2001 05:48 PM

		 To: <GFergus@brobeck.com>, <dmbutz@butzdunn.com>,
<Richard.b.sanders@enron.com>, <jmorrissey@mdbe.com>, <ncregan@mdbe.com>,
<dpritchard@mofo.com>, <hmersel@mofo.com>, <JRoth@mofo.com>,
<lebiner@mofo.com>, <bcurrey@omm.com>, <mawilliams@omm.com>,
<jenniferbaldocchi@paulhastings.com>, <thord@perkinscoie.com>, "Harry Olivar"
<hao@quinnemanuel.com>, <paramfjord@stoel.com>, <ayudkowsky@stroock.com>
		 cc: <GErspamer@mofo.com>
		 Subject: Re: ISO Withholding Payment

I don't know, but I will check with our client.
>>> "Pritchard, Diane E." <dpritchard@mofo.com> 03/09/01 03:35PM >>>
Our client Avista Energy has received the communication, below, from the ISO
regarding withholding of payments to creditors of monies the ISO has
received from PG&E.  We are interested in whether any of your clients have
received this communication, are interested in this issue and, if so,
whether you have any thoughts about how to proceed.

You are invited to participate in a conference call to discuss this issue on
Monday, March 12, at 10:00 a.m.

Call-in number: (888) 320-6636
Host: Pritchard
Confirmation number: 1827-1922

Diane Pritchard
Morrison & Foerster LLP
425 Market Street
San Francisco, California 94105
(415) 268-7188
dpritchard@mofo.com

ISO Market Participants:

On March 7, 2001, the ISO distributed funds from the March 5 market
settlement of the December 2000 preliminary invoice.  The ISO distributed a
total of $45,779,567.97, of which $352,693.64 was applied to outstanding
November balances, and $45,426,874.33 was applied to December balances, as
shown below.   Total amounts payable to Market Participants related to the
December preliminary invoice were $1,490,781,469.67.  Accordingly, the
preliminary pay-out ratio for December was 3.05%, and the cumulative
November pay-out was 24.22%.

Additionally, the ISO received $171,116,114.43 ($177 million less GMC
obligation) directly from PG&E.  PG&E indicated the funds were to be applied
in payment of California Power Exchange ("Cal PX") obligations.  The ISO has
been contacted by the Cal PX, and they have indicated they believe they are
entitled to such funds and that such funds are subject to a pending action
in federal court entitled "Enron Power Marketing, Inc. and Enron Corp. v.
California Power Exchange Corporation", Case No. 01-00901CM (Central
District of  California.  The Cal PX has indicated they plan to seek an
order within the next 7-10 days with the Court to have the funds transferred
to the Cal PX for deposit into an escrow account pursuant to Judge Moreno's
Preliminary Injunction.   These funds are being held by the ISO in a
segregated interest bearing account pending resolution of this issue by that
court.

Payments were made in accordance with ISO Tariff Section 11 and Settlements
and Billing Protocol ("SABP") Section 6.

The following table provides an overview of the cash settlement:

----See Footnotes Which Follow---- Amount Owed Amount Paid to ISO
Default
Market Obligations:
  California Power Exchange $1,442,285,801.01  $0.00
$1,442,285,801.01
  Pacific Gas & Electric (also see note above) $13,103,456.51
$2,031,035.76 ($1,678,342.12 applied to December)  $11,425,114.39
  American Electric Power * $1,698,457.47  $602,777.42
$1,095,680.05
  City of Santa Clara  $31.56  $0.00  $31.56
  Edison Mission Marketing  $21.34  $0.00  $21.34
  Illinova ** $2,360,888.94  $0.00  $2,360,888.94
  Non Defaulting Parties: All Others $43,737,553.38  $43,737,553.38
$0.00
Subtotal $1,503,186,210.21  $46,371,366.56  $1,457,167,537.29

Total Payable from ISO for December $1,490,781,469.67

Total Distributions by ISO Applied to December  $45,426,874.33  <--See Note
1
Pay-out Ratio 3.05%

Outstanding Balance (net of GMC & other      adjustments)
$1,444,652,782.25

Grid Management Charge Obligations ("GMC"):
  Bonneville Power Administration * $83.01  $0.00  $83.01
  British Columbia Power Exchange * $278,212.68  $0.00  $278,212.68

  Dynegy  * $35,963.06  $0.00  $35,963.06
  Illinova ** $4,011.80  $0.00  $4,011.80
  New Energy * $50,605.46  $0.00  $50,605.46
  Puget Sound * $101,783.73  $0.00  $101,783.73
  Seattle City Power & Light * $7,116.22  $0.00  $7,116.22
  Southern California Edison ** $114,022.63  $0.00  $114,022.63
Non Defaulting Parties: All Others $14,873,312.81  $14,873,312.81
$0.00
Subtotal $15,465,111.40  $14,873,312.81  $591,798.59

Total, Market and GMC Receivable $1,518,651,321.61
$61,244,679.37  $1,457,759,335.88

Note 1:
  Collections (see above)  $46,371,366.56
  Less: GMC Shortfall collected from Market Funds
($591,798.59)
  Less: December collections applied to November Payables
($352,693.64)

  Total  $45,426,874.33

Note *, **, *, ** *  AEP is a creditor for November for an amount in excess
of December default amount. ** Illinova is a creditor for November for an
amount less than the December default amount. *    Party has no remaining
GMC obligation after offset against amounts distributed. **   SCE and
Illinova remain in default for GMC obligation.

The distributions were made in accordance with the following tariff
provision:

 11.16.1 Pro Rata Reduction of Payments.
 If it is not possible to clear the ISO Clearing Account on a Payment
Date because of an insufficiency of funds available in the ISO Reserve
Account or by enforcing any guarantee, letter of credit or other credit
support provided by a defaulting Scheduling Coordinator, the ISO shall
reduce payments to all ISO Creditors proportionately to the net amounts
payable to them on the relevant Payment Data to the extent necessary to
clear the ISO Clearing Account.  The ISO shall account for such reduction in
the ISO ledger accounts as amounts due and owing by the non-paying ISO
Debtor to each ISO Creditor whose payment was so reduced.

As noted above, certain parties have defaulted on their GMC obligations to
the ISO.  The ISO has a priority claim to the collection of its GMC.  As a
result of non-payment of the GMC by the parties listed above, the ISO
reduced the amounts payable to market participants by a total of $591,798.59
to satisfy the ISO's GMC obligation.  This action was consistent with
Settlements and Billing Protocol section 6.3.1.3.  Additionally, for those
parties who defaulted on their GMC obligation to the ISO, but who were to
receive funds from the market, the ISO has reduced their payout to reflect
their GMC default.

 SABP 6.3.1.3
 The ISO is authorized to instruct the ISO Bank to debit the ISO
Clearing Account and transfer to the relevant ISO account sufficient funds
to pay in full the Grid Management Charge falling due on any Payment Day in
priority to any other payments to be made on that or on subsequent days out
of the ISO Clearing Account.

Amounts collected from any party are first used to settle that party's
oldest outstanding amount payable, in accordance with SABP 6.10.4:

 SABP 6.10.4
 The ISO shall apply payments received in respect of amounts owing to
ISO Creditors to repay the relevant debts in the order of the creation of
such debts.

Accordingly, amounts received on 3/5/2001, were distributed to November 2000
and December 2000 creditors.  Payments received from parties who defaulted
in November were first applied to their November balances.  The $352,693.64
was distributed to creditors for the trade month of November 2000.

In accordance with Section 11.12 (and SABP 6.10.5) of the tariff, the ISO
will assess the defaulting parties interest at the ISO Default Interest Rate
(currently 10.5%:  prime plus 2%).

Certifications are required by Section 11.20.2 of the tariff.  Accordingly,
the ISO will provide such certification to ISO creditors.

 11.20.2 Evidence of Unpaid Amount.
 The ISO shall, on request, certify in writing the amounts owed by an
ISO Debtor that remain unpaid and the ISO Creditors to whom such amounts are
owed and shall provide certified copies of the relevant Preliminary and
Final Settlement Statements, invoices, and other documentation on which the
ISO's certificate was based to the ISO Debtor and the relevant ISO
Creditors.  An ISO certificate given under this Section 11.20.2 may be used
as prima facie evidence of the amount due by an ISO Debtor to ISO Creditors
in any legal proceeding.

The ISO will report further details on this situation when available.

Philip Leiber
ISO Treasurer and Director of Financial Planning
(916) 351-2168

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advisory by Industrialinfo.com (Industrial Information Resources Inc.;
Houston, Texas). Located close to Cedar City, Utah, a start-up mining
venture hopes to expand the only fluorspar mine in the U.S. According
to company's President, John Price, "Milford Mining Company LLC is the
only miner of fluorspar in the U.S." Price went on to say, "We've
started of on a small scale, but our market shows promise and if all
goes well, we may look at expanding in the future."
	   According to data collected by the USGS, the U.S. consumes
approximately 523,000 metric tons of fluorspar annually. All of this
is imported from foreign sources, 67% from China, 22% from South
Africa, and 11% from Mexico. The majority of this, about 90%, is acid
grade fluorspar used in the production of hydrofluoric acid and
aluminum fluoride.
	   Milford Mining produces metallurgical grade fluorspar and also
kaolinite and silica. It is studying options for the sale of these
minerals to new markets. Currently, it sells fluorspar to west coast
cement plants, where it is used as a fluxing agent in rotary kilns.
Fluorspar helps to reduce the melting temperature of clinker (an
intermediate product of the cement manufacturing process produced in
rotary kilns), enabling cement producers to increase throughput
without significant equipment additions. Future plans include adding
increased crushing, screening, and processing equipment to enable the
company to expand service to the cement industry, as well as other
metallurgical grade fluorspar users such as the steel or aluminum
industries and possibly acid grade fluorspar users at some point in
the future.
	   Industrialinfo.com provides daily news related to the industrial
market place including industry alerts and databases for the energy
and industrial markets. For more information on trends and upcoming
construction activities for the Metals & Minerals or Energy markets as
well as other industrial sectors send inquiries to
metalsandmineralsgroup@industrialinfo.com or visit us at
www.industrialinfo.com.

    --30--LS/na*

    CONTACT: Industrial Information Resources Inc., Houston
             Joseph Govreau, 713/783-5147

    KEYWORD: TEXAS UTAH CHINA MEXICO SOUTH AFRICA INTERNATIONAL ASIA
PACIFIC LATIN AMERICA AFRICA/MIDDLE EAST
    INDUSTRY KEYWORD: BUILDING/CONSTRUCTION ENERGY MANUFACTURING
OIL/GAS UTILITIES MINING/METALS TRANSPORTATION
    SOURCE: Industrial Information Resources Inc.

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permission.


maybe cal 2.

Caroline Abramo@ENRON
03/02/2001 08:00 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: thanks/ follow up

Thanks for talking to Catequil...

any chance we get 02 and 03 on-line soon?


---------------------- Forwarded by Mike Carson/Corp/Enron on 10/11/2000
04:39 PM ---------------------------

Susan Carson <Susan@metronet.com> on 10/11/2000 03:44:27 PM
To: Mike.Carson@enron.com
cc:

Subject: Baby

How is Heather feeling. I have a 20% off coupon for Babies R Us. I was
looking on the gifts listed in Heather's registry with them. Is there
anything in particular, that you don't already have, that you need. This
coupon is burning a hole in my pocket.

Love,
Mom


Here's how I think this thing has played (is playing) out:

PG&E was very tactical.
They knew that the Edison deal was imminent.
They see the Edison deal as extremely adverse to their interests.
They feared that the pressure on them to do the same deal would be enormous
once the Governor announced the Edison deal.
Thus, in an incredibly dramatic attempt to pre-empt the possibility that
they'd have to accept the Edison deal, PG&E threw itself into bankruptcy.
(Preemption seems to have been very successful, at least at this point.)
So I think that they wanted everyone to know, including Wall Street and the
Governor, that the decision's been made---they're going the way of Ch. 11,
not the way of J. Bryson and Edison.

This make sense?

Best,
Jeff

	Karen Denne
	04/10/2001 10:22 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Re: PG&E Issues Statement After State And Southern California
Edison Reach An Agreement

What was the point of that statement?  It sure seemed like a non-statement...


I have opened the referenced counterparty to trade weather online.  However,
they should continue to use the same special form of confirm that they are
using offline until we get an ISDA Master in place with them.


Michael Smythe's presentation

Tracy J. McLaughlin
Enron Broadband Services
Government Affairs Coordinator
(503) 886-0396

----- Forwarded by Tracy McLaughlin/Enron Communications on 05/25/00 12:32 PM
-----

	Michael Smythe
	05/23/00 01:12 PM

		 To: Tracy McLaughlin/Enron Communications@Enron Communications
		 cc:
		 Subject: Preso

here you go

Michael Smythe
Enron Broadband Services
michael_smythe@enron.net
office 503 886 0306
cel 503 880 0186


Tana,

This confirms our conversation today regarding Amerada Hess Corporation's
ability to trade on Enron On-line.  As discussed, I will check to see what
specific products we intend to trade with regard to Energy, Physicals,
and/or Derivatives.  I will also check to see whether we intend to trade in
the US, Canada, and/or Europe. I do understand that you cannot give me an
accurate answer as to our ability to trade On-line until I provide this to
you.  Thank you for getting back to me so quickly, I will try to do the
same.

Regards,

Dana M. Dellacona
1185 Avenue of the Americas
NY, NY 10036
Ph:212.536.8133
Fx:917.342.8810
ddellacona@hess.com


Happy Birthday old man.  I am not sure if my voice mail will make it to you(I
got some weird instructions), so I thought I would cover my bases.  I have
been real busy at work and did not mail your gift until Friday.  It will be a
few days late - sorry.  Hope you enjoyed your bachelor time this weekend.
Can't beat peace and quiet.  Talk to you soon.
PL


My fax number is 63491.

FYI, I want to see if we are in compliance with the confidentiality
provisions of those contracts.  In fact, I would  like to get a copy of the
501 D contract (I have the GE contract).  Do you have a copy of the entire
thing?

Thanks,

Kay

Reagan Rorschach
09/19/2000 01:14 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: VEPCO CPCN proceeding

Kay,

I have that information, provided by EECC and reviewed by Ben J and Jeffrey
K.  If you are somewhere where I can fax it to you or bring you a copy, let
me know.

Reagan

	Enron North America Corp.

	From:  Kay Mann                           09/19/2000 01:06 PM

To: Reagan Rorschach/NA/Enron@Enron, Tom Chapman/HOU/ECT@ECT, Jeffrey
Keenan/HOU/ECT@ECT
cc:

Subject: VEPCO CPCN proceeding

Hi Guys,

I'm trying to figure out what info we submitted from which turbine
contracts.  Could someone please identify the contract and what was sent to
Allyson?

Thanks,

Kay


Will do.  Sue Mara, my colleague in the SF office, will join the call.  Tom,
what's your number?

Best,
Jeff

	Pat Shortridge
	07/19/2001 07:42 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Re: phone call tomorrow

Actually, why don't you call Tom Briggs here first and you can conference in
with Connie.

Best,

Pat


You have received this email because you are listed as a security approver.
Please click
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Approval to review and act upon this request.

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Thank you, Corp!

Friday's United Way Appreciation Lunch was great fun.  Team Corp and their amazing Lego structure, which won an award for being the Most United, made us proud.  Congratulations to all of the team members: Ed Coats, David Gorte, Bob Hermann, Amy Kim, Mark Palmer, Greek Rice, Chip Schneider, Jim Steffes, Mike Terraso, Dennis Vegas.

Now let's show all of Enron that Corp employees are as generous as we are bold, smart, ambitious and innovative.

At Friday's lunch, we received a little challenge from Stan Horton, CEO of Enron Transportation Services. He's betting homemade cookies that by close of business on Monday, August 13 ETS will have a higher percentage of their overall goal than all of the other business units. I do not want to be up all night baking chocolate chip cookies for Stan, so I think we need to accept his challenge and blow ETS, EWS and EES out of the water!

The good news is that to date, Corp has raised $506,743, which is about 65% of our total goal of $785,000.

The bad news is that only 21% of Corp employees have participated in the campaign so far.

If you are part of that 21% that has already given to the United Way, THANK YOU.  Your contribution makes a difference right here in our community.

If you haven't made your contribution, you still have time.  Please log on to <http://home.enron.com> and click on the United Way link today to make your contribution.  You'll need your GIS number to make your contribution.  Your GIS number is an eight-digit number that starts with a 9.

If you don't have your GIS number and password or need assistance with keying in your contribution, please call Kathy Mayfield at ext. 3-3264.

Please remember that contributions made last year don't automatically roll over to this year.  You'll need to log on and make another contribution this year.

Your contribution to the United Way has an impact on one out of every two lives in the Houston community.  Don't miss the opportunity to play a role in Building Houston's Future.

Jeff


- MME-COH Requirements for                     6-1-00.xls


Great to see you this week and I hope you had a safe flight home.

I'd like to talk about the RIsk person 'appointment' for Tokyo.

I guess you told me about H...Perez (sorry I forget!). How do you rate him?
What level/grade is he? Can you let know/send me his last PRC? Joe wants to
talk about staffing next week. I'll get a feel of the level we need/want we
can spend etc....

I guess my 'must have' criteria would be 1) Detailed EnPower experience - in
both ops, dev'p and daily admin 2) Excellent/Superior ranking 3) Someone you
see as a future 'star' - as this will be (in my opinion) a great opportunity
for someone.

I certainly can think of a few names right off the bat (depending on the
'level' Joe will allow us) - both here and Houston - Edith (Director? - maybe
too senior), Paul D.Arcy/Rob Yeo (2 Sen Spec in London) etc....

What do you think? Let's talk.

B.


FYI - info on the recent lawsuit filed by the Oxygenated Fuels Association in
NY against the state's law banning MTBE.   I will forward information by fax
that includes more details and talking points from OFA.

Industry group challenges state's MTBE ban

by JOEL STASHENKO
Associated Press Writer

ALBANY, N.Y. (AP) - Charging the governor and state Legislature with
political pandering, an industry group said Wednesday it is challenging New
York's ban on the gasoline additive MTBE.

The Oxygenated Fuels Association said it filed a federal court suit Tuesday
in Albany calling for the first-in-the-nation state law phasing out the use
of MTBE by 2004 be declared invalid.

The association, an Arlington, Va.-based coalition of MTBE manufacturers,
said New York and every other state is prohibited from unilaterally imposing
regulations on the use of additives which are more stringent than those set
by Congress and the president in the Clean Air Act.

The state's MTBE ban is such a law, the suit argues.

Methyl tertiary-butyl ether increases oxygen in gasoline so it burns
''cleaner'' in combustion engines and reduces air pollution, but it has
increasingly been found in ground and surface water statewide. It is a
particular concern on Long Island because residents there depend on aquifers
for drinking water.

The additive must be in gasoline sold in high-smog parts of the state, which
encompasses most of the downstate New York region.
The Oxygenated Fuels Association also argued that since the reported
problems with MTBE are from leaking gasoline storage tanks, the solution is
to better enforce tank regulations in New York and not to ban the substance
from gas.

A spokeswoman for the state Department of Environmental Conservation,
Jennifer Post, said department lawyers hadn't reviewed the suit as of
Wednesday.

''We are confident of the legislation, which is necessary to protect public
health and safeguard water resources, and we will continue to fight for
federal action to ban MTBE and identify an acceptable alternative,'' Post
said.

Discussions of banning MTBE in New York elsewhere have ''been driven more by
politics and emotion than by sound science and we are counting on the courts
to put the issue back in perspective,'' said Thomas Adams, executive
director of the Oxygenated Fuels Association.

David Liddle, a spokesman for the association, said the intent of the Clean
Air Act was to allow a range of oxygenates - enabling cleaner-burning gas -
to be used and for the ''marketplace to decide'' which was superior.
If MTBE is banned, Liddle said, that would mean ethanol would be the only
real option left. He argued that ethanol is both more expensive than MTBE
and gas does not burn as cleanly using it.

''New York has unilaterally skewed the playing field and the result is
higher prices and dirtier air,'' he argued.

State environmental officials have said they are aware of about 1,700 MTBE
spills around New York state, although not all the spills have contaminated
water supplies.

MTBE was introduced starting in the late 1970s when the use of leaded
gasoline was banned, again because of health-related concerns.

In March, the Clinton administration moved to ban MTBE. That prohibition,
expected to take up to three years to implement, was a ''backstop measure''
in case Congress can't agree on a way to phase out MTBE, said Carol Browner,
administrator of the Environmental Protection Agency.

MTBE is believed by some scientists to be a cancer-causing agent in animals,
but its effect on humans is being debated. A University of California study
last year concluded that more research is needed on its health effects, but
it added that MTBE has the ''potential to cause cancer in humans.'' Some
researchers have suggested that the inhalation or intake of MTBE can also
trigger headaches, asthma or neurological damage


Start Date: 10/16/01; HourAhead hour: 17;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101617.txt

Error retrieving HourAhead price data - process continuing...
---- SC Trades Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 10/16/01
  TRADING_SC: SCE1
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 10/16/01
  TRADING_SC: EPPS
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


The attached is a result of a phone call that I made to Rita to find out where we may have talked about daily measurement in the tariff just in case we need to explain this further to the Measurement Group.

Thanks,

Raetta

 -----Original Message-----
From: 	Bianchi, Rita
Sent:	Monday, November 12, 2001 10:11 AM
To:	Zadow, Raetta
Subject:	Daily Measurement

I looked at the tariff and talked to Mary Darveaux.  NNG must have true daily measured volumes, as opposed to a monthly measurement divided by days in the month, for several business reasons.

References to daily volumes and calculations are sprinkled throughout the tariff.
1.  For example, under the TF & TFX Rate Schedules, the tariff states that the MDQ (maximum daily quantity) is the firm service that NNG is obligated to provide on a daily basis.  We can't provide a daily service if we do not have daily measurements.
2.  Curtailment provisions in the tariff require DAILY measurement.
3.  DDVCs require accurate DAILY measurement.  DDVCs are a part of NNG's revenue.  Even if NNG were to bill on scheduled volumes at the beginning of the month, true-up to actuals would be required.  DDVCs would not disappear, they would simply move from the commodity billing to imbalance billing after measurement close.  Order 637 may change some aspects of DDVCs but it will not eliminate them or change the daily nature of the abuses DDVCs are designed to discourage.

Furthermore -
1.  That's the way the gas transportation industry operates.  It may not be a GISB standard, but it is a fact of life.
2.  Most contracts executed through EOL are for 1-2 days of service at a time.  Gas flowing at a point could vary significantly during the month and a point may be used by different parties at different times.  We can't just assume that the same amount flowed every day for everyone.
3.  Overrun charges are based on gas flows above the contract MDQ (Maximum DAILY Quantity) each day of the month.  Using an artificial, average daily measurement would mask overrun volumes (and reduce NNG revenue, since Overrun pays a higher rate than firm commodity).  A shipper could avoid paying overrun if it flowed below MDQ on some days and above on others.
4.  We have several contracts with volumetric provisions which cannot be accurately billed without DAILY measurements.  An example would be Utilicorp and all of its Taconite contracts.
5.  NNG is looking at moving to daily dollar-valued OBAs.  If NNG can't tell what is flowing on a daily basis, customers can game the system by pushing extra gas into the pipe on days when the price is lower and withdrawing it on other days when the price is slightly higher.  Gas prices can fluctuate considerably during the month.  Multiplied times a bcf of gas, even a fraction of a cent change adds up to real money.


calnedar and meeting file
----- Forwarded by Steven J Kean/NA/Enron on 02/07/2001 07:31 AM -----

	Shirley A Hudler@ECT
	02/06/2001 05:13 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Jana Mills/HOU/ECT@ECT
		 Subject: CalPERS

Steve, Andy asked that you be on this call. This is Thursday the 15th.  I
will let you know details.  Thanks.
----- Forwarded by Shirley A Hudler/HOU/ECT on 02/06/2001 05:12 PM -----

	Shirley A Hudler
	02/06/2001 12:42 PM

		 To: afastow@enron.com, Rick Buy/HOU/ECT@ECT, Marty Sunde/HOU/EES@EES
		 cc: Kelly H Boots/HOU/ECT@ECT, Ben Glisan/HOU/ECT@ECT
		 Subject: CalPERS

CalPERS - Rick Hayes - has set up a conf call next Thursday to discuss the
California issue with Enron.  My asst took the call and indicated that Rick
had 10 or so people within CalPERS who wanted to talk to us.  She is
arranging for Rick and Marty (and myself) to be on that call.  I have
requested a list of individuals and their role within PERS to distribute.
Marty,  I will have my asst set up a meeting for you and me prior to Thursday
to discuss the call.

Let me know if you have any comments or questions or if anyone else would
like to or should be included on the call.

Shirley Hudler
Sr. Director
Enron Global Finance
713-853-4859


Glad to hear the rest of your trip went well.

The 'normal' sailing trip is a week but that's not cast in stone.  In an
effort to maximize days sailing and minimize days of vacation taken we
usually fly down on a Saturday arriving in the afternoon or eve., pick up the
boat on Sunday (you get the boat around noon) and bring it back the following
Sunday (by noon), take a shower and head straight for the airport.  Because
of the way the flight schedules work it's usually not possible to leave after
work on a Friday and make it all of the way down there.  You could do a
shorter trip, of course, but I never have.  I've gone for longer (we did a 10
day one-way sail from St. Lucia down to the southern end of Grenada, stopping
in Bequia and Mustique, among others, along the way) but that's a pretty long
trip and certainly not necessary.  Most of the charter fleets are based where
there is plenty to do right in the area for a week.  One of the reasons for
aiming at Thanksgiving was to reduce the total number of vacation days
spent.  I get both Thurs & Fri off so I only have to spend 3 days to get a
whole week - I understand the gov't may not be so generous.  I haven't taken
all of my days this year so I can always carry some over to 2001 if that
works better for you guys.

My views on when to go:

January - March
Very fun since you will be sick of winter, very popular so a lot more crowded
(harder to find a place to anchor for the night and have to make arrangements
farther ahead), everything is open for business, high season rates.

April - May
Less crowded (unless Easter or Spring breaks are late), shoulder season rates.

June - August
No crowds (you may have some anchorages to yourself), many places are closed
for the season (think beach bars and meals on shore), low rates.

September - October
See June-August and add in highest risk of hurricanes
(http://www.storm2000.com).  My guess is that people who planned their trips
to the BVI for this week aren't having much fun right now but they got  GREAT
deals and the Moorings will probably give them a refund.  I've chartered
during this period several times and had a blast.  One time a tropical storm
came through and we stayed on the boat in port - I still get mileage out of
the stories.  You just have to be willing to live with the risk that it may
not go according to plan (not seriously dangerous, though - you're always
within easy reach of the base - if a bad one threatens you just take the boat
back and let them deal with it).

November - December
Hurricane threat drops dramatically.  Crowds pick up around Christmas,
everything opens up again, rates start to go up again.

Bottom line:  I love the trips so much it doesn't matter what time of year -
just let me know what works best for you guys.  Keep in mind that you do have
to make arrangements at least 2 months in advance (more is better) to make
sure you get flights and the boat that you want.

One last thought - it is possible for the main group to pick up the boat on
schedule and arrange to be near the airport on a later day in the trip to
pick someone up.  This is definitely suboptimal.  You learn a lot about the
boat and the sailing area from the briefings the charter company gives you at
the start and it limits flexibility to have to be by the airport on a certain
day when you might rather have the boat at the other end of the island chain
or wherever.  I'd rather put the whole thing off until we can all go at once
but if it's the only way, at least it's an option.

Mark


I've finished with Wilton Center.  Here's my highlighted index.  Once again,
I've probably included too many documents (land, rough cost estimates, etc).

Tomorrow I'll get started on the '99s.  Hopefully we can get a fairly quick
turnaround on these to get scanned in again.  If we can get these documents
skimmed through in two days (tomorrow and Wednesday), we should be in good
shape to get everything scanned in and done by Friday.  Keep your fingers
crossed.

JLH


Louise,

Can you please confirm to Treasury that we can send the wire originally scheduled for Friday on Wednesday (amount of (9,000,000 CAD).  Mike needs to have all of the cash with NGX by tomorrow morning so that be can trade the 5 day block tomorrow.  I have discussed with Robin in Treasury, but she needs your written authorization to amend the date in the system.  We are also sending them a wire for $6MM tomorrow as originally planned. The total wires for the week will be CAD 24,000,000.

Thanks,
Tanya


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/17/99
03:57 PM ---------------------------

"FinancialCAD Corporation" <info@fincad.com> on 12/03/99 05:30:58 PM
Please respond to "Info" <info@fincad.com>
To: Vince J Kaminski/HOU/ECT@ECT
cc:
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We would like to take this opportunity to thank everyone who took the time to
respond to the Pulse survey conducted in October.  Your feedback is very much
appreciated.
The survey helps identify inhibitors that keep you from accomplishing your
job, while helping us assess the company,s progress toward removing barriers
that keep employees from achieving their personal best.
Out of the 2,299 ENA/EGM/EIM employees invited to participate in the survey,
1,478, or 64% responded.  Enron uses an outside firm, Watson Wyatt, to
tabulate data and report results.  A synopsis of what we heard from you has
been added to our intranet site.  The site address is
http://home.ena.enron.com/pulse/.
Our Strengths

Strengths are based on the highest percentages of favorable responses to
survey questions:

 * Employees are satisfied with their benefits     87%
 * Employees can believe information from top management   78%
 * Employees would recommend ENA/EGM/EIM as a good place to work 78%
 * Supervisors/Managers treat their employees fairly    76%
 * Supervisors/Managers encourage teamwork     73%
 * People are treated with respect       72%
 * ENA/EGM/EIM is well managed       72%

Improvement Opportunities

Improvement opportunities are based on the lowest percentages of favorable
responses to survey questions:

 * Communication/Information Flow       35%
 * Information Technology        32%
 * Workload          26%

We are pleased with these results because they exhibit a strong belief in
Enron,s core values of Respect, Integrity, Communication and Excellence.
These results are indicative of the quality of our employees at all levels.

The Pulse survey enables us to focus on real issues affecting each employee.
We will evaluate these results and consider remedies to the inhibitors that
affect us on a daily basis.  Your ideas are welcomed and we will be seeking
your input.  Great strides have been made since the first survey in 1996, and
we intend to continue in this vein.

Please plan to take part in future surveys, which will continue providing
valuable information to help build a successful organization.  Again, thank
you for your input.


Start Date: 3/3/01; HourAhead hour: 15;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030315.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 15 / Preferred:  11.00 / Final:   3.92)
  TRANS_TYPE: FINAL
  SC_ID: Wheelabrat
  MKT_TYPE: 2
  TRANS_DATE: 3/3/01
  UNIT_ID: MARTEL_2_AMFOR

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 15 / Preferred:  75.00 / Final:  71.49)
  TRANS_TYPE: FINAL
  SC_ID: ECTstNW
  MKT_TYPE: 2
  TRANS_DATE: 3/3/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: CISO_EPMI_3000
  ENGY_TYPE: FIRM
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 15 / Preferred:  75.00 / Final:  71.40)
  TRANS_TYPE: FINAL
  SC_ID: ECTltNW
  MKT_TYPE: 2
  TRANS_DATE: 3/3/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: CISO_EPMI_6000
  ENGY_TYPE: FIRM

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 15 / Preferred:  76.53 / Final:  76.35)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 3/3/01
  SC_ID: EPMI


Jane:  Sorry for the delay.  I'm preparing a "cash only, two-way" section for
the ISDA.  I will try to get it to you this week.  Sara

	Jane McBride@ENRON
	11/27/2000 03:54 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: IBJ ISDA MASTER AGREEMENT - 1. Credit matrix and 2. Threshold
amount

Hi Sara,

How are you going - did you have a good Thanksgiving?  Coincidentally
Thursday was also a holiday here - we were celebrating Respect for the Aged
Day though.

Actually, Sara, I was wondering how we are going in getting some drafting
together for the credit provisions discussed recently with John Suttle and
Jonathan Whitehead.

Thanks and sorry for the trouble.

Jane

	Sara Shackleton@ECT
	11/09/2000 12:48 AM

		 To: Jane McBride/AP/Enron@ENRON
		 cc: John Suttle/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, John Viverito/Corp/Enron@Enron, Jonathan
Whitehead/AP/Enron@Enron
		 Subject: Re: IBJ ISDA MASTER AGREEMENT - 1. Credit matrix and 2. Threshold
amount

Jane:

If you have time in the morning (Nov. 9 Tokyo), I would like to discuss ENA's
view of the CSA/Schedule relationship.  In a nutshell, we provide that a
ratings downgrade is an Additional Event of Default in the Schedule (normally
a MAC in the CSA).  John's preferance, of course, would be a unilateral event
triggering an IBJ default (which I am sure would be difficult to negotiate).

I am not certain of the time difference but perhaps you could call me at the
office after 4 pm (Nov.8 in Houston) and I could then conference in John.
Alternatively, please feel free to contact me at home (after 7 pm Houston
time on Nov. 8) at 713-664-3207.

I look forward to hearing from you.  Regards.  Sara

	Jane McBride@ENRON
	11/07/2000 04:03 AM

		 To: John Suttle/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT
		 cc: John Viverito/Corp/Enron@Enron, Jonathan Whitehead/AP/Enron@Enron, Mark
Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 Subject: IBJ ISDA MASTER AGREEMENT - 1. Credit matrix and 2. Threshold
amount

Dear John,

Jonathan and I met with IBJ today to try and push our negotiations through to
the end.  They are still unwilling to do a CSA with us but very significantly
their back / mid office is currently looking at getting systems support in
place which would permit them to do a CSA with us in due course.  They
acknowledged to us of their own volition that the market trend is towards
CSAs even in transactions where the counter party is not a bank.  They did
say though that it would be a few months before they would be set up to do
so. Pls note that they did not agree to do a CSA with us as soon as they are
set up to do so but they now know we will come knocking at some stage to ask
them to do it so I think we have gone as far as we can on this for now.

We will therefore move forward on the credit matrix in the meantime, if you
are still willing to do so.  The bank has a credit rating of A, so I guess
this means US$15 million credit limit.

On the assumption that it is possible to draft these terms into a contract
without a full CSA, I wonder who is best to do this drafting.  I should be
able to do the negotiations but I am not sure that I am able to do the
drafting .... Alan, do you have any suggestions?

Most of the other issues are sorted now but they still want to change the
"Threshold Amount" definition to US$10 million.  Is there any flexibility on
this?

Thanks.

Jane McBride

	John Suttle@ECT
	09/27/2000 12:39 AM

		 To: Jonathan Whitehead/AP/Enron@ENRON
		 cc: Jane McBride/AP/Enron@Enron, John Viverito/Corp/Enron@Enron, Kevin
Cordesman/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Morten E
Pettersen/AP/Enron@Enron, Steven Kleege/HOU/ECT@ECT, Tom
Bruce-Jones/LON/ECT@ECT
		 Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

Jonathan,

One thing we might be able to propose is a "Credit Matrix" which prescribes a
Credit Line under which each counterparty can transact - with collateral
rights and collateral thresholds tied to the credit rating of each
counterparty.  We have used credit matrixes in several contracts here and
they are appealing in that there are no Material Adverse Change (MAC)
clauses.  This is appealing to the counterparty in that we cannot
automatically drop their collateral threshold to zero when a MAC occurs.  We
are comfortable because as the counterparty's credit quality deteriorates,
the amount of exposure to which we are subject decreases.  I would propose to
IBJ something like the following in lieu of a full CSA.  Jane and John - is
it possible to draft these collateral/credit terms into the contract without
using a full CSA?  (I think every matrix I have used here has been part of a
CSA).

Rating (S&P)     Credit Line
AA or above    $20MM
BBB+ to AA-    $15MM
BBB     $10MM
BBB-     $7MM
BB- to BB+    $5MM
Below BB-    $1MM

These terms are subject to negotiation.  Once again, the matrix removes MAC
clauses and the stress counterparties associate with such, but effectively
reduces the potential exposure we have (or THEY have) to a counterparty with
diminishing credit quality.

What do you all think?

John

Jonathan Whitehead @ ENRON   09/25/2000 08:18 PM

To: John Suttle/HOU/ECT@ECT
cc: Jane McBride/AP/Enron@Enron, John Viverito/Corp/Enron@Enron, Kevin
Cordesman/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Morten E
Pettersen/AP/Enron@Enron, Steven Kleege/HOU/ECT@ECT, Tom
Bruce-Jones/LON/ECT@ECT
Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

Sorry, Pressed send too early:

John, Have had a conversation with IBJ re the CSA, and they have asked us to
consider proposing a solution that does not involve a CSA. I propose to meet
with them again to try and explore why, but I would like to be prepared to
offer them a solution whereby we don't enter into a CSA, and we would limit
the types of trades that we could enter into with IBJ. My feeling is that we
would be unlikely to enter into any long term transactions (over 2 years) at
this stage anyway, and would prefer to get the relationship going, as I am
not sure they are going to budge on this issue yet. They appear to be quite
willing to discuss all the other points. We can always press for a
renegotiation at a later stage if we do want to enter into longer term deals.
I also want to keep the loan facility completely separate.

What are your thoughts on this, and what limitations would you want to put on
trades if we do not have a CSA?

Thanks,
Jonathan

	John Viverito
	09/22/2000 12:04 PM

		 To: John Suttle/HOU/ECT@ECT
		 cc: Jane McBride/AP/Enron@Enron@ECT, John Viverito/Corp/Enron@ENRON@ECT,
Jonathan.Whitehead@enron.com, Kevin Cordesman/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Morten E Pettersen/AP/Enron@Enron@ECT, Steven
Kleege/HOU/ECT@ECT, Tom Bruce-Jones/LON/ECT@ECT
		 Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

John-

During our last meeting with IBJ, we pushed hard for the implementation of
the CSA.  I believe that they have the systems capability to handle the
requisite activities relating to the CSA, as we understand that they utilize
same with certain financial institution counterparties.  We expressed our
view on these matters and also raised other issues that we had discussed in
our recent conference call.

IBJ informed us that they have never entered into a CSA with a non-financial
institution counterparty and my response was that Enron can then be the
first.  We requested that they raise this issue with their respective
superiors.  As you know, their response to our discussions relating to this
issue was "In terms of CSA, as we are not ready for running collateral
operations, we still do not prefer to use the CSA."  The legitimacy of this
statement is certainly debatable and the underlying reason may actually be
something entirely different, including the possibility that they merely do
not want to enter into a CSA with a non-financial institution.

We will continue to attempt to persuade IBJ to enter into the CSA with Enron,
however it is uncertain if this is achievable.


I have no contacts to buy from.  Mountaineer production is normally sold on
term deals.

Chris Germany@ECT
03/13/2000 09:36 AM
To: John M Singer/Corp/Enron@ENRON
cc: Scott Goodell/Corp/Enron@ENRON, bperron@columbiaenergy.com

Subject: CES needs for March

CES needs 17dts/day of Mountaineer gas for the rest of March.  The request
was made by Kim Novesak??

I will be out this afternoon.  Please call Brian Perrone (703-561-6486) or
Scott Goodell at 713-853-7711.

Thanks


Suzanne:
Could you please fill in my RC # and then send on to Linda?  Thanks.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


FYI
---------------------- Forwarded by Stella L Morris/HOU/ECT on 08/25/2000
02:16 PM ---------------------------

Jack Simunek
08/25/2000 01:33 PM
To: Lauri A Allen/HOU/ECT@ECT, Michael C Bilberry/HOU/ECT@ECT, Nathan L
Hlavaty/HOU/ECT@ECT, Karry Kendall/HOU/ECT@ECT, Blanca A Lopez/HOU/ECT@ECT,
Stella L Morris/HOU/ECT@ECT, Steve HPL Schneider/HOU/ECT@ECT, Mary M
Smith/HOU/ECT@ECT, George Weissman/HOU/ECT@ECT, Dick Danes/GCO/Enron@ENRON,
Pat Flavin/GCO/Enron@ENRON, Gil Gomez/GCO/Enron@ENRON
cc:
Subject: Ethane election for September 2000

HPL will be kept whole with respect to ethane recoveries from the Big Cowboy
gas being processed at the King Ranch Gas Plant during the month of
September.  This election will reduct the shrinkage percentage from 20% of
the inlet MMBtu's to 15% of the inlet MMBtu's.


Hey, I don't know if you've been reading any of those emails today, but
please tell me we (as in me and you) can do something other than hand out
with those fucking losers.  You know Mark's all over this fucking thing!


do we know the categories and nominees?


Rich and Jeff -- I apologize -- I left you off the original distribution that
I sent about an hour and a half ago --

Thanks!

Tracy J. Cooper
Please note my name has changed from McLaughlin to Cooper
Enron Broadband Services
Government Affairs
(503) 886-0396

----- Forwarded by Tracy Cooper/Enron Communications on 09/01/00 04:00 PM
-----

	Scott Bolton
	09/01/00 11:03 AM

		 To: Tracy Cooper/Enron Communications@Enron Communications
		 cc:
		 Subject: Please forward to the group

call me first  thanks