---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/17/99
03:32 PM ---------------------------

Vince J Kaminski
12/09/99 03:33 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: CERA CERA Monthly Summary--November 1999 - Monthly Summary

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/09/99
03:32 PM ---------------------------

webmaster@cera.com on 12/06/99 04:05:27 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: CERA CERA Monthly Summary--November 1999 - Monthly Summary

**********************************************************************
CERA Monthly Summary:Mon, December 06, 1999
**********************************************************************

Title: CERA Monthly Summary--November 1999
Author: CERA
E-Mail Category: Monthly Summary
Product Line: Monthly Summary ,
URL: http://www.cera.com/cfm/track/eprofile.cfm?u=5166&m=1002 ,

Table of Contents

01] Western Energy Markets: Awaiting Normal Weather
02] Russian Gas to Turkey: Is Blue Stream in Trouble?
03] Will Russia Have Free and Fair Elections?
04] Who's Who in the Russian Election
05] Lukoil Buys Neftokhim: New Step in Russian Producers' Expansion into
Eastern Europe
06] European Energy Signpost--Marching to Market: The Zeebrugge Trade in Gas
07] Afloat but Adrift? Energy Markets and the Undercurrent of Change
08] Special Report: Africa's Emerging Electricity Markets
09] Comg?s (G?s Noroeste) Privatization: Oncoming Competitive Distribution
10] Argentina: Increased Water Flow Keeps Power Prices Soft
11] Brazilian Oil Markets: Finishing 1999 on an Upswing?
12] North American Natural Gas: CERA Long-term Outlook
13] North American Natural Gas Midmonth Report: The Late Start
14] A New Set of Demons? Threats to US Industrial Gas Demand
15] Rediscovering the Rockies: Challenges of a Major Gas Supply Region
16] Knocking More NOx Out of Power Generation: How Much? Who Pays?
17] Fuel Cells--A Paradigm Shift or Media Hype?
18] Refined Products Line--November 1999
19] Hints about the Tri-lateral Producer Meeting Next Week
20] World Oil Watch: Volatility with OPEC in the Driver's Seat
21] Iraq Turns the Oil Tap: The Politics of Defiance

CERA Monthly Summary: November 1999
The following message is a summary of all CERA research posted on our web
site (eprofile.cera.com) during the month of November 1999.

**********************************************************************
CERA Alert : 11/23/1999
**********************************************************************

Title: Western Energy Markets: Awaiting Normal Weather
Author: Zenker, Moritzburke
E-Mail Category: Alert
Product Line: California Energy
URL:
http://EPROFILE.CERA.COM/client/ce/alt/112399_18/ce_alt_112399_18_ab.html

Summary:
When the energy industry completes the chapter on 1999, two footnotes will
certainly have been made to record the two dominant weather events of the
year in the West: the abundant precipitation and the mild summer. Significant
year-over-year weather changes have always affected western energy markets,
with swings in hydroelectric generation and summer weather determining the
outputs of gas-fired, coal-fired, and even nuclear generation. The shift from
a dry year to a wet year can change annual gas use for power generation by as
much as 1 billion cubic feet per day or 36 percent of total generation
demand. Consequently, a return to normal summer weather in 2000 would
significantly boost gas flows for power generation, while also adding to coal
generation and increasing both power prices and volatility. Gas markets in
the West and across the continent in November have experienced unseasonably
low demand and--as in recent days--sudden drops in prices. CERA sees the
current weathe!
!
r effects as temporary and expects prices to rebound with the arrival of more
seasonally normal weather.

**********************************************************************
CERA Alert : 11/15/1999
**********************************************************************

Title: Russian Gas to Turkey: Is Blue Stream in Trouble?
Author: Gustafson
E-Mail Category: Alert
Product Line: Eurasia Energy
URL:
http://eprofile.cera.com/client/fsu/alt/111599_14/fsu_alt_111599_14_ab.html

Summary:
The momentum behind Russia's Blue Stream gas export pipeline to Turkey has
suddenly dissipated; because of delays on the key "protocol" on tax
concessions for contractors, project financing has hit a snag. Both sides
insist the delay is only "technical," but recent events suggest more serious
problems. Prime Minister Bulent Ecevit's decision not to sign the tax
protocol in Moscow last week could be a reflection of Turkish concern not to
embarrass the United States at the upcoming OSCE summit, or to endanger the
Baku-Ceyhan pipeline, which the Turks strongly favor. After the summit the
Turks could return to their own game plan--to nail down their future gas
supplies, whatever their source. But that may be too simple a reading. The
Turkish ruling coalition recently has shown signs of strain, and Blue Stream
has come under attack from several directions inside Turkey. Although once
the summit ends, the Turks and Russians could continue negotiations on Blue
Stream--but in the char!
!
ged political atmosphere in both Ankara and Moscow, nothing is certain.

**********************************************************************
CERA Alert : 11/15/1999
**********************************************************************

Title: Will Russia Have Free and Fair Elections?
Author: Colton
E-Mail Category: Alert
Product Line: Eurasia Energy
URL:
http://eprofile.cera.com/client/fsu/alt/111599_17/fsu_alt_111599_17_ab.html

Summary:
Russia's 1999-2000 election cycle is being closely watched to see who wins
and, more importantly, if the elections are held freely and fairly. Despite
allegations that Yeltsin's "Family" clique will find a way to subvert
elections, Russia looks more likely to stay on track, at least in next
month's parliamentary elections. Broader public discussion of the danger of
electoral corruption and fraud has taken place, a more balanced Central
Election Commission has been established, and the interaction of regional
players in the electoral process has occurred--all positive developments on
the eve of elections. Yet, despite the implementation of positive changes,
electoral abuses are likely to occur. Only time will tell how significant
such abuses will be and what they will mean for the future composition of the
Russian government.

**********************************************************************
CERA Alert : 11/24/1999
**********************************************************************

Title: Who's Who in the Russian Election
Author: Colton
E-Mail Category: Alert
Product Line: Eurasia Energy
URL:
http://EPROFILE.CERA.COM/client/fsu/alt/112499_10/fsu_alt_112499_10_ab.html

Summary:
Russia's nascent party system brings with it a complicated web of old and new
players and coalitions of players all hoping to cross the 5 percent threshold
in the December 19 parliamentary elections. The formation of a multitude of
parties and quasi-parties poses a challenge to constituents struggling to
develop an understanding of who makes up these parties, where they sit on the
political spectrum, and how they will best represent their interests if
elected to office. Yet some parties in the upcoming elections do enjoy the
benefit of some level of experience, with almost a third of this year's
candidates having run in the last election. Furthermore, the consolidation of
political factions since 1995 has helped establish more lucid political
categories with which to classify parties. Although immature, Russia's party
system has made headway since the 1993 and 1995 elections and will certainly
prove to be an interesting race to watch.

**********************************************************************
CERA Alert : 11/30/1999
**********************************************************************

Title: Lukoil Buys Neftokhim: New Step in Russian Producers' Expansion into
Eastern Europe
Author: Tabarovsky
E-Mail Category: Alert
Product Line: Eurasia Energy
URL:
http://eprofile.cera.com/client/fsu/alt/113099_17/fsu_alt_113099_17_ab.html

Summary:
Lukoil's acquisition of a controlling stake in Bulgaria's largest oil
refinery, Neftokhim, marked a new step in Lukoil's expansion into the East
European downstream. But Lukoil is not the only contender. Yukos has proved
to be a serious competitor, expanding into the markets that have
traditionally belonged to Lukoil. Despite availability of alternative sources
of supply, East European refineries continue to rely heavily on Russian
crude, putting Russian producers in a strong negotiating position vis-.-vis
the refineries and Western competitors.

**********************************************************************
CERA Alert : 11/29/1999
**********************************************************************

Title: European Energy Signpost--Marching to Market: The Zeebrugge Trade in
Gas
Author: Blakey
E-Mail Category: Alert
Product Line: European Gas & Power
URL:
http://eprofile.cera.com/client/egp/alt/112399_10/egp_alt_112399_10_ab.html

Summary:
Two months into the 1999/2000 heating season in Europe it is already clear
that a new basis for pricing and trading gas in the Continental business--the
march to market--has begun. Principal-to-principal gas trade at Zeebrugge is
taking place, with an increasing number of participants. A new "standard
contract" and a so-called Hub Services Agreement were launched last week,
under the auspices of Belgium's Distrigaz. Together these agreements provide
mechanisms for day-ahead and within-the-day trading.

**********************************************************************
CERA Watch : 11/04/1999
**********************************************************************

Title: Afloat but Adrift? Energy Markets and the Undercurrent of Change
Author: Global Energy Team
E-Mail Category: Watch
Product Line: Global Energy
URL:
http://EPROFILE.CERA.COM/client/ge/wch/110399_11/ge_wch_110399_11_ab.html

Summary:
Technology and geopolitics feature prominently in CERA's November 1999 Global
Energy Watch. E-commerce is growing exponentially, with the energy industry
contributing to this new revolution in information technology. A major
geopolitical shift is under way, with OPEC and participating non-OPEC
countries committed to limiting production by an additional 2.1 million
barrels per day to reduce excess oil inventories. The result--a near doubling
of oil prices in less than a year--assures that companies and oil-producing
governments will end 1999 with stronger balance sheets and budgets more in
line with societal and corporate needs. The Asia Pacific region's
recoveries--while not assured--look stronger than six months ago. China,
Japan, and Indonesia remain question marks, but Thailand, Malaysia, and India
look promising, and Korea is rebounding well. In the United States and Europe
restructuring continues in the electric power and natural gas sectors. As
corporate mergers continue!
!
 to increase in number, with new announcements almost weekly, these companies
as well as smaller, independent competitors increasingly turn to
technological innovation to stay ahead of the competition.

**********************************************************************
CERA Private Report : 11/09/1999
**********************************************************************

Title: Special Report: Africa's Emerging Electricity Markets
Author: Mitter
E-Mail Category: Private Report
Product Line: Global Energy
URL:
http://eprofile.cera.com/client/ge/pr/110599_16/ge_pr_110599_16_ab.html

Summary:
Substantial sections of Africa are now open for business within the global
power community, and early entrants have found rewarding opportunities up and
down the power value chain. But incomplete reform processes and
often-difficult operating conditions mean that investment in Africa comes
with substantial risks. CERA argues that successful investors will draw not
just on favorable skill sets and fuel supply positions, but also on localized
understanding of emerging regional markets, augmented crucially by
on-the-ground experience.

**********************************************************************
CERA Alert : 11/19/1999
**********************************************************************

Title: Comg?s (G?s Noroeste) Privatization: Oncoming Competitive Distribution
Author: Durbin, Mattos, Wrobel
E-Mail Category: Alert
Product Line: Latin American Energy
URL:
http://EPROFILE.CERA.COM/client/la/alt/111999_15/la_alt_111999_15_ab.html

Summary:
The successful privatization of the northwest region of the Comg?s concession
area indicates that private investors are responding to the government's
desire to create a competitive energy market. Agip, a part of ENI of Italy,
made a winning bid of US$143 million, or US$86 million above the base price.
Agip already tried to purchase Comg?s but lost to the consortium of British
Gas and Shell by US$231 million. Agip's purchase of the concession is central
to the creation of a competitive gas distribution network in S?o Paulo. This
greenfield concession is outside the congested metropolitan area, meaning
that it will have a lower cost per mile of construction to develop its
infrastructure-potentially resulting in lower tariffs than BG/Shell's
existing Comg?s concession.

**********************************************************************
CERA Alert : 11/19/1999
**********************************************************************

Title: Argentina: Increased Water Flow Keeps Power Prices Soft
Author: Wrobel
E-Mail Category: Alert
Product Line: Latin American Energy
URL:
http://eprofile.cera.com/client/la/alt/111999_14/la_alt_111999_14_ab.html

Summary:
Monthly power prices in October continued down September's lower price path.
Although demand levels were similar to September's, hydro output continued to
increase its share of output, but counteracting this increase was higher
unavailability of thermal generators. This low price path appears to be the
forecast for the months to come, with fluctuations around $15 per MWh being
the result of changes in demand, thermal unavailability, and hydro output.
Dramatic price spikes have not occurred and are not expected in the near term
without some unexpected loss of low-cost capacity. The price spikes that do
occur will likely be infrequent and around $30 per MWh. Looking ahead, the
concern of the market continues to be that if new low-cost capacity is added
to the already oversupplied market, power prices have only one way to
go--flatter and down.

**********************************************************************
CERA Alert : 11/23/1999
**********************************************************************

Title: Brazilian Oil Markets: Finishing 1999 on an Upswing?
Author: Scott, Mattos
E-Mail Category: Alert
Product Line: Latin American Energy
URL:
http://eprofile.cera.com/client/la/alt/112399_16/la_alt_112399_16_ab.html

Summary:
Brazilian oil product demand continues to be affected by the economic slump
in addition to higher product prices. Nevertheless, CERA expects that fourth
quarter demand will improve, with a significant recovery in the first quarter
of 2000. Regional product demand highlights include the south and southeast
regions, which account for approximately 70 percent of total product demand
in Brazil.

**********************************************************************
CERA Decision Brief : 11/10/1999
**********************************************************************

Title: CERA Long-term Outlook
Author: N. American Natural Gas Team
E-Mail Category: Decision Brief
Product Line: North American Gas
URL:
http://EPROFILE.CERA.COM/client/nag/db/110999_12/nag_db_110999_12_ab.html

Summary:
The natural gas industry faces the challenge of developing adequate supply
resources and infrastructure for what could become a 30 trillion cubic foot
(Tcf) market in the United States over the next decade. CERA assesses the
long-term impact of this challenge on the North American gas market through a
series of three distinct and internally consistent scenarios.

Although all three scenarios are highly plausible, market indicators as of
the winter of 1999 point to a longer-term path more consistent with the
Gas-Favored scenario, with a near- to midterm risk that the market could be
driven up to a balance more similar to the Supply Realignment scenario. Key
uncertainties to watch over the next year as signposts to the future path of
price include the extent of the supply response, the stability of the US
economy, and penetration of gas into the power generation market.

**********************************************************************
CERA Alert : 11/15/1999
**********************************************************************

Title: Midmonth Report: The Late Start
Author: N. American Gas Team
E-Mail Category: Alert
Product Line: North American Gas
URL:
http://eprofile.cera.com/client/nag/alt/111599_16/nag_alt_111599_16_ab.html

Summary:
A late start to the heating season temporarily releases pressure in the gas
market, but it does not change market fundamentals. The warm weather during
the first half of November has delayed storage withdrawals. However, it has
not endured long enough to allow storage inventories to offset the supply
decline of 1.0-1.5 Bcf per day, despite added imports. In the event that warm
weather persists for a few more weeks, natural gas storage inventory levels
will be adequate for the winter season. However, it is more likely that the
return of seasonal weather will bring with it a sharp rebound in prices and a
market scenario of tight supply.

**********************************************************************
CERA Decision Brief : 11/29/1999
**********************************************************************

Title: A New Set of Demons? Threats to US Industrial Gas Demand
Author: Hoffman
E-Mail Category: Decision Brief
Product Line: North American Gas
URL:
http://EPROFILE.CERA.COM/client/nag/db/112699_10/nag_db_112699_10_ab.html

Summary:
Amid the enthusiasm for growing gas use in power generation, there is a
downside risk to the future of industrial gas use that has gone largely
unnoticed. Indeed, the industrial sector's use of natural gas, the largest
source of demand for natural gas in North America, is in danger of not
growing at all or even declining over the next several years. A variety of
threats is set to act on North American industrial gas demand, not the least
of which is the potential for continued high gas prices throughout North
America over the next several years.

These threats have not received wide attention because they have been
obscured by the Asian financial crisis, which forced North American
industrial demand growth to a standstill beginning in 1998. While the worst
of the global commodities surplus may have passed, there is as yet no rebound
occurring in industrial gas consumption in North America. Instead, gas
consumption in several key gas-intensive industries is now being suppressed
by a different set of threats: global industrial competition, high domestic
gas prices, ample supplies of low-cost gas outside of North America,
continuous energy efficiency improvements, and structural change.

**********************************************************************
CERA Private Report : 11/30/1999
**********************************************************************

Title: Rediscovering the Rockies: Challenges of a Major Gas Supply Region
Author: Eynon
E-Mail Category: Private Report
Product Line: North American Gas
URL:
http://eprofile.cera.com/client/nag/pr/112999_14/nag_pr_112999_14_ab.html

Summary:
The rush to develop new sources of gas supply in North America is on-and the
Rocky Mountains could be at the forefront of new supply development. Overall
US natural gas productive capacity has declined recently through low prices
and depressed drilling activity. However, demand pressure in North America is
intensifying-driven by a wave of new gas-fired power plants currently under
construction. The resulting higher gas prices further spotlight the need for
additional supply capability from a number of regions-especially the Gulf of
Mexico, western Canada, offshore eastern Canada, and the Rockies, the focus
of renewed interest as an area of huge resource potential capable of meeting
a substantial portion of the demand growth. The Rockies (even without the San
Juan Basin) could be capable of sustaining a production level of up to 10 Bcf
per day by 2015, with sustained high gas prices and integration of the
pipeline infrastructure. This CERA report evaluates the resource base, ex!
!
amines the region's limited growth over the past decade, and identifies the
challenges facing Rockies' producers.

**********************************************************************
CERA Private Report : 11/05/1999
**********************************************************************

Title: Knocking More NOx Out of Power Generation: How Much? Who Pays?
Author: Goodman, Makovich, Robertson
E-Mail Category: Private Report
Product Line: North American Power
URL:
http://eprofile.cera.com/client/nap/pr/110399_15/nap_pr_110399_15_ab.html

Summary:
Knocking more NOx out of power generation is nothing new, but the move from
regulation to the marketplace means that the competitive impacts of
additional nitrogen oxide emissions reductions are as complex and significant
now as the environmental impacts. The potential tilt to the competitive
playing field has moved both old and new NOx regulations into the courts.
Industry restructuring also means that the market will determine who pays the
billions of dollars in NOx emission control costs. Pending court decisions
will determine how much NOx emissions are allowed in power production and
will also define one of the key attributes of the future competitive power
business landscape.

**********************************************************************
CERA Private Report : 11/29/1999
**********************************************************************

Title: Fuel Cells--A Paradigm Shift or Media Hype?
Author: Goodman
E-Mail Category: Private Report
Product Line: North American Power
URL:
http://eprofile.cera.com/client/nap/pr/111799_17/nap_pr_111799_17_ab.html

Summary:
Fuel cells have achieved some successes, but more in niche applications
rather than as a mass technology at this stage. Several divergent issues such
as power restructuring, technological developments, environmental issues,
power quality, and reliability are converging to give a boost to fuel cells
in commercial and possible residential applications. The technology still
suffers under economic constraints, however, and developments in the fuel
processing component of the fuel cell system will be critical to rapid
commercialization.

**********************************************************************
CERA Alert : 11/16/1999
**********************************************************************

Title: Refined Products Line
Author: Veno
E-Mail Category: Alert
Product Line: Refined Products
URL:
http://eprofile.cera.com/client/rp/alt/111699_16/rp_alt_111699_16_ab.html

Summary:
Differentials versus WTI for major refined products on the US Gulf Coast
increased during October3/4except for unleaded gasoline margins, which fell
for the second month in a row to reach $2.16 per barrel during October.
Responding to sharp increases in demand and declines in primary inventories,
high sulfur No. 2 fuel oil and jet kerosene margins versus WTI climbed to
$1.29 per barrel and $2.45 per barrel, respectively, during October.
Distillate apparent demand skyrocketed by 0.4 mbd to 3.88 mbd and jet fuel
apparent demand rose to 1.75 mbd during October, with the arrival of cooler
weather and the start of the home heating oil season adding strength to both
markets.

**********************************************************************
CERA Alert : 11/10/1999
**********************************************************************

Title: Hints about the Tri-lateral Producer Meeting Next Week
Author: World Oil Team
E-Mail Category: Alert
Product Line: World Oil
URL:
http://EPROFILE.CERA.COM/client/wo/alt/111099_17/wo_alt_111099_17_ab.html

Summary:
On November 16 and 17 the oil ministers from Saudi Arabia, Venezuela, and
Mexico are planning to meet in Riyadh to discuss the oil market and continue
the process of forging agreement on what to do about quotas once the current
production restraint agreement expires on April 1, 2000. Hints that these
ministers are considering proposing that the agreement be extended to June
are helping to support prices this week. WTI and Brent have climbed nearly
$1.50 per barrel so far this week.

**********************************************************************
CERA Watch : 11/16/1999
**********************************************************************

Title: Volatility with OPEC in the Driver's Seat
Author: Hittle; Stanislaw
E-Mail Category: Watch
Product Line: World Oil
URL:
http://EPROFILE.CERA.COM/client/wo/wch/111699_11/wo_wch_111699_11_ab.html

Summary:
As 1999 closes, OPEC and non-OPEC Mexico face the tricky task of determining
the next step after their success in reversing the price collapse of 1998. A
decision must be made on when and how to allow unused capacity back in the
market. The stakes are high: if they fail to bring on capacity in time, then
prices could soar upward even further and undermine much of the demand growth
that is helping the price recovery. CERA's new Autumn World Oil Watch
provides an updated price outlook for late 1999 and 2000 based on our
assessment of OPEC's possible choices. Adding upward price pressure this
quarter, we have revised our estimate of OPEC adherence to the March
production agreements to roughly 80 percent for the fourth quarter.

**********************************************************************
CERA Alert : 11/22/1999
**********************************************************************

Title: Iraq Turns the Oil Tap: The Politics of Defiance
Author: World Oil Team
E-Mail Category: Alert
Product Line: World Oil
URL:
http://EPROFILE.CERA.COM/client/wo/alt/112299_18/wo_alt_112299_18_ab.html

Summary:
Since mid-year, the UN Security Council--particularly its five permanent
members--has sought to reach consensus on a comprehensive resolution on Iraq.
Recently, progress toward a comprehensive resolution seemed to be being made,
until the effort unexpectedly became entangled with renewal of limited oil
exports, under resolution 986, for a seventh 180-day period upon expiration
of phase six on November 20.

**end**

Follow URL for HTML version of this message only.
Please note: Should a link not occur using the the above URL, please use the
following:
http://eprofile.cera.com/client/ms/ms/120399_11/ms_ms_120399_11_ab.html

**********************************************************************
This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.

Terms of Use: http://eprofile.cera.com/tos.html
Questions/Comments: webmaster@cera.com
Copyright 1999. Cambridge Energy Research Associates


Hi Sara:
Thanks for trying but appears as if they were looking for a technical
trading person to participate in the associates and analysts program...too
bad. I thought perhaps ebusiness or the like would have been fun.
I'll keep you posted on any future news from them.
Kindest Regards,
Kristina

>From: Michelle.Kingsbury@enron.com
>To: "kristina fisher" <krifisher@hotmail.com>
>Subject: Re: Online application
>Date: Wed, 9 May 2001 18:11:41 +0100
>
>
>Kristina
>
>I have spoken to my colleagues concerning possible roles in Marketing and
>Business Development that may be of interest to you. Unfortunately there
>are no roles which match your career aspirations at present. However, we
>will keep your details on file and contact you if any suitable positions
>arise.
>
>Good luck with your job search and thankyou for your interest in Enron
>
>Regards
>
>Michelle Kingsbury
>
>
>
>
>
>
>"kristina fisher" <krifisher@hotmail.com> on 27/04/2001 18:13:46
>
>To:   Michelle.Kingsbury@enron.com
>cc:
>
>Subject:  Re: Online application
>
>Dear Michelle:
>Thank you for your email and phone message. I am presently visiting my
>parents in New Orleans. I would be available for a phone conversation on
>Tuesday. The telephone number is +504.283.1652. New Orleans has a 6 hour
>time difference with London. It is best to reach me in the morning, perhaps
>
>9AM my time would work for you? Please let me know if that is convenient.
>Kindest Regards,
>Kristina
>
>
> >From: Michelle.Kingsbury@enron.com
> >To: krifisher@hotmail.com
> >Subject: Online application
> >Date: Fri, 27 Apr 2001 17:45:14 +0100
> >
> >Kristina
> >
> >Many thanks for your on line application for the Enron Europe's A&A
> >programme.
> >
> >I tried to call you  this afternoon and have left you a message on your
> >answer phone. I would be keen to have a telephone conversation with you
> >next week and am contacting you to schedule an appropriate time.
> >
> >It may be easiest if you specify a time that I could contact you.
>Currently
> >the most likely availability in my diary is for Tuesday, if this is
> >convenient for you.
> >
> >Regards
> >
> >Michelle Kingsbury
> >
> >
> >
> >
>
>_________________________________________________________________
>Get your FREE download of MSN Explorer at http://explorer.msn.com
>
>
>
>
>
>

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


Shirley,

Please, include Grant as well.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/24/2000
04:57 PM ---------------------------

Vince J Kaminski
02/24/2000 04:52 PM
To: Remi Collonges/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
Subject: Re: curves for South America

Remi,

No problem. My assistant Shirley Crenshaw will call you Friday to set up a
meeting.

Vince

Remi Collonges@ENRON_DEVELOPMENT
02/24/2000 09:10 AM
To: Vince J Kaminski@ECT, Grant Masson@ECT
cc:
Subject: curves for South America

Vince and Grant,

I have been made responsible for all gas and power curves in South America
(plus books development, reporting, .......).  I have somewhat started but,
since I am new on the job, I'd love to receive advice, guidance (and at some
stage help) from you.  Would you be available for a meeting next week,
preferably Thursday or Friday?   I'm planning to be in Houston these days.

Remi Collonges
(55) 11 5503 1200


i will have a little time.  one night you will have to hit the town.  drinks
on the corp card.


Dave

can you redo with day + 1 products only?  Also can you display the data
without placing multiple data in a given row?  I have attached an example.
The first row in this spreadsheet is how I would like to see the data.  This
way I can sort the data in any fashion.

Thanks
Hunter


Please distribute to your book administrators:

If you enter deals with the following entities, please use the TAGG shortname
below and Enron entity of ECC:

Counterparty    TAGG shortname

AEC Oil & Gas (any AEC name)  AEC-OIL&GAS

Alberta Energy Co.   AEC-OIL&GAS

Agrium     AGRIUM

Dynegy Canada   DYNEGYCAN

Engage Canada   ENGAGEENECAN

TransCanada    TRANSCANENEFIN

Duke Energy Mkt (Canadian point) DUKEENEMARLTD

Thanks for the help.
Joe Hunter


Per earlier e-mail.
----- Forwarded by Genia FitzGerald/HOU/ECT on 05/15/2001 07:36 AM -----

	Rhonda L Denton
	05/14/2001 03:03 PM

		 To: Genia FitzGerald/HOU/ECT@ECT
		 cc:
		 Subject: From MEGA; Consent to Assignment....

Please assign to an attorney.  Thanks.
---------------------- Forwarded by Rhonda L Denton/HOU/ECT on 05/14/2001
03:03 PM ---------------------------

"Drew, Kristina" <DrewK@merchantenergy.com> on 05/14/2001 03:00:25 PM
To: "'rhonda.l.denton@enron.com'" <rhonda.l.denton@enron.com>
cc: "Abba Gana, Mustapha" <AbbaGanaM@merchantenergy.com>
Subject: From MEGA; Consent to Assignment....

Rhonda,

Please find attached for your review, a Consent to Assignment Agreement
between us, Enron Power Marketing, Inc. and Morgan Stanley Capital Group
Inc.  We would like to have the document ready to execute at about the same
time we execute the derivatives Consent to Assignment Agreement with Enron
North America, and we are waiting for FERC approval on the Physical Power
Sales as well.  I just wanted to present the agreement to you now, so that
if it is necessary, we have time to discuss any concerns.  I look forward to
talking with you to work toward the execution of the Agreement.

 <<EPM (POWER) Assignment Consent Agreement 042501.doc>>

Thanks,

Kristina M. Drew
Contract Administrator
Merchant Energy Group of the Americas, Inc.
410.295.1708

 - EPM (POWER) Assignment Consent Agreement 042501.doc


CONFIDENTIAL FILING: The information contained in the e-mail message below is strictly confidential.

Dear Ms Corona,

PROJECT NO. 22834: IMPLEMENTATION ACTIVITIES RELATED TO RETAIL COMPETITION PILOT PROJECTS

Enron Energy Services; Inc. (EES) provides this status report on pilot project implementation in compliance with PUC subst. R. 25.431 (j) (34) (B). As a certified retail electric provider (REP), EES has participated in the pilot program of TXU Electric Company (TXU) since August 2001. EES is currently marketing to industrial customers in TXU's territory, and has enrolled 3 customers and 12 accoounts. In accordance with the above referenced rule, EES hereby files the following confidential justification report.

Respectfully submitted
Gloria Ogenyi Esq
Director, Government Affairs
Enron Corp.
Phone: 713-345-8202
Fax: 713-646-3409


FYI
  - - - Mike
---------------------- Forwarded by Mike A Roberts/HOU/ECT on 07/26/2000
05:49 AM ---------------------------

Todd DeCook
07/25/2000 01:07 PM
To: Mike A Roberts/HOU/ECT@ECT, Jose Marquez/Corp/Enron@ENRON
cc:
Subject: Earthsat Summer Seminar

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

The EarthSat Summer  Seminar can be downloaded from the following site...
?
ftp://ftp.earthsat.com/pub/seminar/summer00.ppt
?
Just click on the  above link to download the file, or copy the link and
paste it for the URL  address in the browser of your choice.
?
If you have any  questions or problems downloading this file, please contact
me (Scott Gay) or  Dave Birmingham at (301)231-0664.
?
-Scott
---

Scott Gay (sgay@earthsat.com)
Staff  Meteorologist/Computer Support
CROPCAST Services
Earth Satellite Corporation
Phone:  (301)231-0664
Fax:????  (301)231-5246

?
?
 - image001.gif


GADSDEN RESEARCH SERVICES'
FERCwatch
November 19, 2001

GRS' mobile phones are out of service temporarily -- service should be restored later this morning.  Please forward all requests by e-mail to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>  or fax to 202-318-4524 until further notice -- both will be checked frequently.  We apologize for the inconvenience.  Thank you.

Rudy Gadsden
GRS/FERCwatch


FYI.  Commonwealth is adding five new meters to their existing contract.
These meters (4137901, 4132101, 4235001, 4134301, and 4132201) are all at
Bridgeport and are expected to produce about 75 dths a day.  These meters are
expected to come on for the 7/00 production period.  If anyone has any
questions, please contact Jim (614) 791-6107.

Thanks,
Heidi


Seethayya,

This is great news.  Credit goes to all those who worked towards making this
possible, especially Ramu, Mr. Mehta, Jane, Heidi and yourself who went
through draft after draft of the note to Chidambaram.

This is good news for us!!

Regards,
Sandeep.

K Seethayya
02/06/2001 08:35 AM
To: Neil McGregor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jane
Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jimmy
Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mohan
Gurunath/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shubh
Shrivastava/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Heidi
Hellmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rajesh
Sivaraman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pancharatnam
Ramaswamy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Arvind
Rawat/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ritu
Kalia/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Good news - Cabinet approval for Power Trading

Team: Today Union Cabinet has approved the proposal of Ministry of Industry
to allow foreign equity participation in power trading. This was conveyed by
Secretary (Power) during his meeting with Wade. In normal course, the
proposal was slated to be coming up for Cabinet in next few weeks. Keeping in
view the developments of DPC invoking State Guarantee, perhaps Cabinet has
hurried it up.

The exact proposal approved was - "to allow foreign equity participation
through automatic route upto 100% for trading in power sector, subject to
prevailing laws."

Irrespective of urgency of this approval to us, the best thing is that we are
getting the approval without Draft Electricity Bill, 2001 being finalised. As
most of you are aware, initially the proposal was stalled at FIPB level
pending finalisation of Electricity Bill. Then it has gone to Group of
Ministers who had taken a positive approach and now the Cabinet has cleared
it.

Now FIPB either issue an approval to Enron LLC or advise us to avail
automatic route. We will have one of it, culminating great team work.

Seethayya


Call me Lavo.


Notice No. 00-356
October 18, 2000

TO:
ALL NYMEX MEMBERS AND MEMBER FIRMS
ALL NYMEX CLEARING FIRMS
ALL NYMEX OPERATIONS MANAGERS

FROM: Neal Wolkoff, Executive Vice President

SUBJECT: MARGIN RATE CHANGE

Effective Date: Thursday, October 19, 2000  (close of business)

Futures Contracts: California Oregon Border, Palo Verde, and Mid-Columbia
Electricity Futures

Contract Months: All months
Rate Change:

NYMEX Division Margins on California Oregon Border, Palo Verde, and
Mid-Columbia Electricity Futures Contracts

Effective Date: Thursday, October 19, 2000  (close of business)

Clearing Member (Maintenance Margin): Old: $9,000     New: $5,000

Member Customer (Initial Margin): Old: $9,900     New: $5,500

Non-Member Customer (Initial Margin): Old: $12,150     New: $6,750

Should you have any questions regarding these changes, please contact Arthur
McCoy at (212) 299-2928 or Joe Sanguedolce at (212) 299-2855.  This notice
supersedes all previous notices regarding outright margins for the NYMEX
California Oregon Border, Palo Verde, and Mid-Columbia River Electricity
Futures Contracts.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(00-356)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Attached is a picture of the latest addition to our family.  Cisco is a
boxer that we rescued last week from the Albq. animal shelter.  He appears
to have been mistreated, or at least not well cared for.  We seem to be
adjusting to him well...he has attached himself to Diane and follows her
every where.  He crys when he can't get to her or when she leaves.

Rob

 - Cisco on chair.jpg


FYI
---------------------- Forwarded by Todd Peterson/ENRON_DEVELOPMENT on
03/06/2001 07:22 PM ---------------------------

Larry Snyder@EES
03/06/2001 02:42 PM
To: Tony Galt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Todd Peterson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Arvelund e:mail

Please review and edit the attached before I send it to Victor.  I tried to
keep it simple.


Jim:

I wanted to take a moment and wish you and Carrin the best for the holiday
season.  Goodness knows we have all had an extraordinary '01-- I am guessing
this has been a year unlike any other for you and your family.  Here's to a
very healthy and happy '02.

Let's get together in the new year when you have a moment to focus on your
personal matters. Until then, should you need anything please let me know.

Regards.

______________________________________________________
Thomas A. Bres
Vice President
Goldman, Sachs & Co.
1000 Louisiana, Suite 550 | Houston, TX 77002
Tel: 713-654-8445 | 800-392-5173 | Fax: 713-658-2609
e-mail:tom.bres@gs.com    website: http://www.gs.com

Goldman
Sachs
______________________________________________________

> This material is for your private information and we are not soliciting
> any business based upon it. Opinions expressed are our present opinions
> only. The material is based upon information which we consider reliable,
> but we do not represent that it is accurate or complete, and it should not
> be relied upon as such. We, or persons involved in the preparation or
> issuance of this material, may from time to time have long or short
> positions in, and buy and sell securities or options of companies
> mentioned herein.


-----Original Message-----
From: 	Louis.Eber@ubsw.com@ENRON
Sent:	Friday, February 01, 2002 5:53 PM
To:	Mary.Barker@ubsw.com; Beth.Barrett@ubsw.com; Michael.Bolin@ubsw.com; Mark.Bridges@ubsw.com; Markus.Buergler@ubsw.com; Natacha.Carrel@ubs.com; Forster, David; Oxley, David; Port, David; colette.dow@ubsw.com; Per.Dyrvik@ubsw.com; Lisa.Feld@ubs.com; Joel.Forbes@ubsw.com; dan.foy@ubsw.com; alexander.fusco@ubsw.com; William.Glass@ubs.com; Thomas-A.Graf@ubsw.com; Peter.Haines@ubsw.com; Webb, Jay; Rub, Jenny; Sid.Karpoff@ubsw.com; Steve.Kinross@ubsw.com; flenti@ubspw.com; Mark.LeRoux@ubsw.com; louise@enron.com; mark.e.haedicke@enron.com; Audrey.Martin@ubsw.com; Christian.Maytain@ubsw.com; Matt.Meinel@ubsw.com; Ursula.Mills@ubsw.com; martin.nadel@ubsw.com; Davies, Neil; Pat.ODonnell@ubsw.com; Keohane, Peter; Ernest.Pittarelli@ubsw.com; breilly@ubspw.com; Cheryl.Roberts@ubsw.com; claudia.robinson@ubsw.com; Charles.Ross-Stewart@ubsw.com; Beck, Sally; Michael.Stockman@ubsw.com; Rocco.Veltri@ubsw.com; Mark.Wallace@ubsw.com; Colwell, Wes; Bradford, William S.
Subject:	RE:  Hart-Scott Approval

We have just been informed that the FTC has granted early termination
of the Hart-Scott-Rodino waiting period for the purchase of Enron's gas
and power business.

Visit our website at http://www.ubswarburg.com

This message contains confidential information and is intended only
for the individual named.  If you are not the named addressee you
should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
arrive late or incomplete, or contain viruses.  The sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e-mail transmission.  If
verification is required please request a hard-copy version.  This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.


These are revised schedules for Jan, Mar, &  Apr 2000 and the estimate
(scheduled) volumes for May.
The prices were revised to capture Texas General storage revenue (fuel
retention) in Jan, Mar, & Apr.  The fuel volumes are shown as a zero buy
price for the storage book.
The April also has volume true-ups due to actual metered volumes. (Schedule
6).  Another adjustment was made in April to true up the cumulative facility
balance, (4,295 mmbtu).

Thanks,
Kenny


All testing was completed, but we encountered problems during the Flow Gas testing.  The Business Objects on-call was notified, and they are looking into the problem.  They will update us as they have more information.   We have confirmed with the ENW Resolution Center that the Exchange servers are up.


As far as I know the commissioning period we have in the current LM contracts
still works for the LMs.  I haven't heard any differently.  You just plug
those things in, right Scott?

From the owner/power seller standpoint, the predictability is more important
than the time period (within reason, of course).  No matte what we have on
LDs with GE, the penalty for not moving megawatts will be more.

As for standard of conduct, do we have language in the warranty section about
how the service techs have to work?  Maybe something similiar would be
work?

The discussion shows that it is a good idea to get them committed to
performing the TD of I at the time we sign up to buy the turbines.

ckm

John G Rigby@ENRON_DEVELOPMENT
05/24/2001 07:54 AM
To: Bill Williams/ENRON@enronXgate@ENRON
cc: Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay
Mann/Corp/Enron@Enron

Subject: RE: Experience In commissioning GE 7FA's & Slow/Insufficient TDI

Good point on the LM's-  I will make that point, at this time I think the
baseline is 7FAs- and the time should be shortened for LM's.   Unfortunately
I do not think that EECC has corporate history on the 7FA's commissioning
time- I think NEPCO does.    As to the EPC contractor wanting a similar cure
time, in effect the commissioning period will have to be built into his
Guaranteed Completion Date.   This does not mean that GE gets all this time
to commission, it de facto can be shorter or longer, what it does do is sets
the mark in the sand for one of the criteria that must be met before GE is
exposed to Takeover LD's because the GE equipment will not meet Specific
Performance Guarantees or operate reliabily thus causing the EPC Contractor
to be late. (slightly run on sentence-whew)

As such it is not a GE slowness LD.

As to there not being enough TDI of people or their being inept thus causing
a delay.  A valid concern-and perhaps we can pin GE for.   I am struggling
with what to use as a quantitative standard against which we could assess
Take Over LDs.   It is almost like good/bad art, you know it when you see
it.  Scott and I can try making late, insufficient or inept TDI services as
(iii) in Section 10.3.2 (3rd reason for trigging Take Over LD's)- but without
some standard it will be tought to reach an agreement with GE and tougher to
enforce.   I welcome your creative thoughts.   I would expect GE to rail
against this.

Scott and Kay-  Thoughts?

	Bill Williams/ENRON@enronXgate
	05/23/2001 06:13 PM

		 To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: RE: Experience In commissioning GE 7FA's

One thing for me - this contract will not just be for 7FA's.  The LMs have
much shorter fire and ready to go times (days to weeks at most), and to allow
a generic move to 45 days could put aeroderivative gas turbine projects in
jeopardy with regards to schedule. I must confess I do not have the 7FA
experience.  EE&CC should be able to back these numbers up.

I suspect this may be a TDI issue as well.  GE may be having fewer qualified
Technical consultants to cover the onslaught of construction - contributing
to the request to extend to 45 days.

Note, if we go to 45 days for the Seller, the EPC contractor will want the
same time period to remedy.

 -----Original Message-----
From:  Rigby, John
Sent: Wednesday, May 23, 2001 3:29 PM
To: Williams, Bill; larson Gene@ENRON; haas Dan@ENRON
Subject: Experience In commissioning GE 7FA's

One of the provisions in the "Standard GE- World Hunger" deals with GE's
exposure to Take Over Liquidated Damages.  The provisions reads as set oiut
below.:  (it is not final, we are struggling over (e) and (g).

GE wants to change 30 days in (d) to 45 days - they say that their average
time to go from first roll to complete Unit commissioning is 53 days- They
will send some info on this to Bill W and me.

Do any of you have recent experience in the first roll to completion of
commissioning 7FAs  either in simple cycle or combined cycle that I can use
to confirm or refute tha 45 days is reasonable?

10.3.2 Takeover Liquidated Damages
.  Purchaser may assess and Seller agrees to pay liquidated damages (the
&Takeover Liquidated Damages8) as set forth in Exhibit B-6, Section B.6.3,
for each day that the Facility fails to achieve Takeover by the Time for
Completion as a result of any or all of the following:
(a) a the Unit is unable to be commissioned and/or operated reliably (such
inability being within Seller,s sole responsibility as defined herein), but
only after the expiration of the Commissioning Period; or
(b) a the Unit demonstrating performance below the Specific Performance
Levels,
Assessment of such Takeover Liquidated Damages is subject to the following:
(c) Purchaser elects at its sole discretion not to place a the Unit in
Commercial Operation;
(d) Purchaser allows [thirty (30) days] from first fired roll of the Units
Unit to complete Unit commissioning check outs, any needed replacement,
adjustments or corrections to make the Units Unit ready for testing (the
&Commissioning Period8);
(e) [Purchaser makes reasonable efforts to provide the necessary time and
operating loads for Seller and Purchaser to commission and check out the
Units Unit.  Seller,s time and load requirement shall not be to the exclusion
of the needs of other Facility equipment being commissioned.  Purchaser shall
coordinate the most advantageous utilization of time and assets whenever
conflicting requirements exist and such situations shall not be deemed delay
by Purchaser];
(f) Subject to (g) below, Purchaser may not assess Takeover Liquidated
Damages prior to the expiry of the Commissioning Period;
(g) [In the event Seller fails to use its best efforts to minimize time to
make corrections, adjustments or repairs to the deficiently performing Unit
during the Commissioning Period, Purchaser shall have the right to void the
Commissioning Period and assess Takeover Liquidated Damages without regard
for the period afforded by the Commissioning Period];
(h) Purchaser provides prompt oral notice of delays affecting commissioning;
(i) Purchaser provides Seller its commissioning schedule no less than forty
five (45) days prior to commencement of commissioning on the first Unit and
provides periodic updates thereto;
(j) In the event Purchaser is not subject to similar delay liquidated damages
with Owner, then Seller will not be subject to Takeover Liquidated Damages;
and
(k) In the event that Purchaser is subject to similar delay liquidated
damages with Owner, then Seller shall pay Takeover Liquidated Damages in
accordance with this Section 10.3.2.
In the event that the Purchaser is Owner, subsections (j) and (k) of this
Section 10.3.2 shall not be applicable.  However, to the extent that the
Purchaser is an entity subject to delay liquidated damages associated with
the Facility, subsections (j) and (k) of this Section 10.3.2 shall be
applicable.


whatever :)

-----Original Message-----
From: Mark.Guzman@enron.com [mailto:Mark.Guzman@enron.com]
Sent: Thursday, April 19, 2001 9:24 AM
To: Katie.Trullinger@wfsg.com
Subject: RE: FW: hi!

You love it when I pick on you.


Per our discussion.
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/17/2000 02:13
PM ---------------------------

	From:  Ben F Jacoby @ ECT                           11/16/2000 06:01 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON, Catherine Clark/HOU/ECT@ECT
cc:

Subject: Re: LM6000 Contract Payment Allocations

E voila!

Kay Mann@ENRON
11/16/2000 02:47 PM
To: Ben F Jacoby/HOU/ECT@ECT
cc:
Subject: Re: LM6000 Contract Payment Allocations

Ben,

Has the payment allocation chart been updated, and if so, could I get a copy?

Thanks,

Kay


don't be surprised if i ask you guys to take off that friday, too, so that we
can be a little flexible with Bob. R.

	"Herman, David (Nick)" <David.Herman@tvland.com>
	02/09/2001 01:36 PM

		 To: "'Jeffrey.A.Shankman@enron.com'" <Jeffrey.A.Shankman@enron.com>
		 cc:
		 Subject: RE:

Howdy J.R.

I think that the weekend of April 7-8 is good for the two of us. I will
check with the wife and let you know. I can't wait to check out your digs
and for the Shari flip-out moment, meeting Rauschenburg. Talk to you soon.

> ----------
> From:    Jeffrey.A.Shankman@enron.com
> Sent:    Friday, February 9, 2001 2:06 PM
> To:    david.herman@tvland.com
>
> Hi Dave.  As a follow up to out conversation, I found out Robert
> Rauschenburg will be here April 5 or 6 and the weekend (April 7-8).  See
> how that looks on the calendar for y'all yankees to visit down here in
> rodeoland.  (I did go to the rodeo last night--hosted a big party--and
> wore
> my boots, and a cowboy hat my group gave me--pictures to follow)
> Can you believe I went to the Rodeo?
>
> Jeff "J. R." Shankdaddy
>
>


-----Original Message-----
From: 	"Lawrence, Andrew" <alawrence@longitude.com>@ENRON
Sent:	Friday, November 30, 2001 10:14 AM
To:	Kaminski, Vince J
Subject:	Longitude Seminar

For those of you with a bent to the academic, I advise you of Jeff's
upcoming seminar at NYU:
TUESDAY INDUSTRIAL ORGANIZATION SEMINAR SERIES

DEPARTMENT OF ECONOMICS

Speakers: Jeffrey Lange and Nicholas Economides
Longitude Inc. and Stern School of Business

Paper: "A Parimutuel Market Microstructure for Contingent Claims
Trading"

Date & Time: December 4, 2001
2:30 - 4:00 p.m.
NYU Stern - 44 West Fourth Street
Henry Kaufman Management Center
Room KMC 7-191

Organized by: Professor Nicholas Economides,
<http://www.stern.nyu.edu/networks/>

Copies of the paper will be available at the seminar and at
<http://www.stern.nyu.edu/networks/lange.doc>
Please contact Melissa Felci at X80861 with any further questions.


call me when you get this


Kam,

Could you please provide us with the natural gas unliquidated value of the Bankruptcy book with book code HH as of 12/31/01 using 11/30/01 commodity and interest rate curves.  We saw the following post ID's associated with Natural Gas Bankruptcy book in Run M:

	HHY	NG	1452835
	HHM	NG	1452834
	HHI	NG	1452833
	HHD	NG	1452832
	HHP	NG	1452831

Thanks for your help.

Tiffany Miller
5-8485


Jackie Martin - 53563


CALENDAR ENTRY:	APPOINTMENT

Description:
	Meet with Tammy and Larry over SGA Presentation in Lynn's office

Date:		10/9/2000
Time:		3:00 PM - 3:30 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Please read the document at:

http://172.17.172.62/inf/default.html


Good suggestion.  Why don't  you run it by George, and if you get positive
feedback I'll suggest it to Ben.

Kay

"Keffer, John" <JKeffer@KSLAW.com> on 05/10/2001 10:51:49 AM
To: "C. Kay Mann (E-mail)" <Kay.Mann@enron.com>
cc: "Campbell, Carolyn" <CCampbell@KSLAW.com>

Subject: Intergen Consent

Kay-I have reviewed the GE acknowledgment, and I believe it does everything
InterGen would want in that GE permits the multiple transfers all the way to
the project company (Larkspur) and GE acknowledges that the transfers will
not result in a breach of the Facility Agreements.  I have also reviewed the
unanimous consents and find them to be OK.

I propose going back to George with the proposal that simultaneously with
the execution of the unanimous consent that ENA be permitted to exercise its
puts under the two LLC, which can be done with InterGen's consent and
InterGen's receipt of an acknowledgment from GE that the exercise of the put
will not in any manner prejudice the rights under the Facility Agreements
(which in view of the transfer of the turbines and the Facility Agreements
being permitted by GE, such a request may be superfluous, but I'd like to
have it anyway).

I considered also recommending a release from ENA's obligations under the
Letter Agreements, but I think that may be pushing too far.

Let me know your thoughts.

Regards

John

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


I have purchased 4 tickets to Saturday night's show.  Maybe we can all go out
to dinner before-hand or I wouldn't mind having everyone over to my place for
a little wine and food?  Also, I don't think I can make this week's Tasters
dinner because my old group is having a belated going away happy hour in
honour of me.  PARTAY!!!


Start Date: 1/28/02; HourAhead hour: 17;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012817.txt


I attach a presentation nicely prepared mostly by Akshay Singh and the
Telecommunications portion by B.A.N. Sharma.  This contains general
information on India that you may find useful.  Please distribute this on to
others who may have use for the information.  I apologize for the size of the
file.


Enron has been increasing security at its facilities around the world.  Some of the changes took effect immediately (e.g. additional security personnel) and some are phasing in.  While not all of the changes will be visible, there are a few that will have an impact on everyday activities.  In all the steps we take and recommendations we make, we will be making our facilities and systems more secure and endeavoring to increase your sense of security, while doing our best to minimize disruption to our day-to-day business.

Primary responsibility for Enron Corp. Security resides in our business controls organization.  You can contact this organization through their website (<http://home.enron.com/security>), by phone (713-345-2804), or by email (CorporateSecurity@enron.com <mailto:CorporateSecurity@enron.com>).  John Brindle, Senior Director, Business Controls, leads this organization.  Please feel free to provide John and his team with your comments and questions, or to report security threats.

We have two areas to update you on:  changes in the access procedures for the Enron Center Campus in Houston and changes to our travel advisory.

Access to the Enron Center

Over the next few days, the following access control procedures will be instituted at the Enron Center (and other facilities where practical):

?	As employees swipe their badges at the card readers to enter the Enron Center, a guard will match the photo on the badge to the bearer.

?	Employees and contractors who forget their badges must present a valid picture ID to obtain access to the Enron Center (U.S. driver's license, U.S. or foreign passport, or some form of U.S. federal, state or local identification).

?	Visitors to the Enron Center must produce a valid photo ID when signing in at the lobby reception desk and must completely fill out the visitor card.  Adult visitors without a valid photo ID (U.S. driver's license, U.S. or foreign passport, or some form of U.S. federal, state or local identification) will not be allowed access to the Enron Center.

?	Visitors to Enron facilities must be escorted by an Enron employee or badged contractor at all times.

?	Visitors to the Enron Center will be met in the lobby by an Enron employee or badged contractor, signed into a visitor's log at the lobby reception area by the employee or badged contractor, and escorted to their appointment.  At the conclusion of the appointment, the visitor will be escorted to the lobby by an employee or badged contractor, the visitor badge collected, and the visitor signed out in the log at the plaza reception area by the escorting employee or badged contractor.

?	Employees are also being asked to participate in the security of their workplace by following these guidelines; report suspicious activity to Security (phone 3-6300), do not open secured doors for individuals unknown to you or hold doors open, allowing "tail gating" by others.

These will be the first in a series of new security procedures to be instituted at Enron.  We ask that all employees be patient during congested times in the lobby.  As we proceed and obtain increased guard personnel and equipment, we expect the inconvenience to decrease.  We hope you understand these measures are being instituted for the security of all our employees.

Travel Advisory Update

With the beginning of retaliatory strikes, we have two important recommendations:

?	While the retaliatory strikes are ongoing, corporate security recommends that travel through or to the Middle East be avoided.  We continue to strongly recommend that all travel during this time to Afghanistan, Yemen, Pakistan, Indonesia, Iran, Iraq, Sudan, Somalia, Tajikistan, Turkmenistan, Georgia, and the Kyrgyz Republic be canceled.  In addition, we recommend that planned travel to Egypt, Israel, Gaza/West Bank, Jordan, Lebanon, Saudi Arabia, Syria, and Algeria be very carefully considered.

?	For non-U.S. citizens traveling in the United States, corporate security recommends that you carry documentation.  There have been several recent reports of non-U.S. citizens who reside in the United States being questioned and asked for documentation when boarding U.S. domestic flights. As a result, we suggest that all non-U.S. citizens who currently reside in the United States - and who do not have Permanent Resident Alien status - carry their passport, Form I-94 and Form I-797 at all times.  We would also suggest that Permanent Resident Aliens carry their Permanent Resident (Green) Card as proof of their status as a precautionary measure.  It appears that Immigration Officials may be applying a section of the Immigration and Nationality Act that requires individuals over the age of 18 to carry his/her "registration" documentation with them at all times. This can include a Permanent Resident Card, Form I-94 card, Employment Authorization Card, Border Crossing Card, or a Temporary Resident Card. Immigration Officials have not historically been asking domestic travelers for "registration" documentation, but in light of the heightened security measures and current atmosphere, it would be best to be prepared with all of your documentation proving your current lawful status.

We will keep you apprised of new information and developments on the Corporate Security website and by e-mail, as appropriate.


Daren,

Please see the attached spreadsheet for the changes you requested.  KCS at meter # 9658 is a stand-alone purchase.  The buy/sell with KCS are meters # 9797 and 3543.

Bob


PLEASE LET US KNOW YOUR AVAILABILITY!

The Environmental Strategies Group will convene an "Emissions Strategy Meeting" in mid-May to discuss global emissions issues -- such as climate change and U.S. multipollutant legislation -- and explore some of the potential business opportunities for Enron commercial groups.

The primary objectives of the session are to 1) provide you with the latest information on emissions regulation, markets, and Enron's advocacy efforts worldwide and 2) receive feedback on your commercial interests and input on policy options so that we may develop the best business and policy strategies for Enron in both the short and long term.  We invite you or a member of your group to participate in this important strategic discussion.

Our target dates are May 16, 17 or 18 in Houston (likely time is 10 a.m. - 12 p.m.).  Please respond immediately with your best available dates so we can finalize our arrangements.

Please review the attached invitation and preliminary agenda.  If you have any questions or suggestions in advance of the meeting, do not hesitate to contact me of Jeff Keeler.

We look forward to your participation.

Lisa Jacobson
Enron
Manager, Environmental Strategies
1775 Eye Street, NW
Suite 800
Washington, DC 20006

Phone: +(202) 466-9176
Fax: +(202) 331-4717


let me know more details. i am interested

-----Original Message-----
From: Joe Minniece [mailto:jminniece@sbcglobal.net]
Sent: Wednesday, March 20, 2002 12:09 PM
To: Parks, Joe
Subject: Re: You still there?

I am going fishing in May in Dickerson, want to go?

----- Original Message -----
From: Parks, Joe <mailto:Joe.Parks@ENRON.com>
To: Joe Minniece <mailto:jminniece@sbcglobal.net>
Sent: Wednesday, March 20, 2002 7:09 AM
Subject: RE: You still there?

Yep, still here. Things are pretty slow, just waiting to get the hell out.

-----Original Message-----
From: Joe Minniece [mailto:jminniece@sbcglobal.net]
Sent: Tuesday, March 19, 2002 11:12 PM
To: Parks, Joe
Subject: You still there?

what is happening? hope all is well, just got back from a week of skiing with Maco in Tahoe. Was great, but did my gambling suck. Joe

**********************************************************************
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.
**********************************************************************


Now that the auction is underway and the possibility of being purchased in very high, we need to get back in gear, TODAY.

1.	Everyone needs to be here no later than 8:00am, 7:30 once we start trading again
2.	No playing on the internet or other games (ex. cards) - this will no longer be tolerated
3.	I have said this many times before but this is the ideal time to LEARN.
		bring in your options books or anything else that you can read to learn more about the energy industry
		start studying the firms rolls, learn what the macros do, develop new checks and balances
		become more familiar with forwards and options details and other excel queries and where the curves come from
		understand the curve files (these will change but the general format will be similar)

Just to be clear, this is coming down from Jeff Gossett.
The list for NetCo. is not set in stone and can be changed if someone steps up, or if someone doesn't.

We are still getting paid everyday and should be putting our time into the company.
I know it has been boring but things need to change starting today, things will start to pick up in the next few days.

The current restart date is January 21, 2001 but may be pushed forward to January 14th.

I would like to get your ideas for changes/improvements to our current processes/systems.  We have a slightly improved firm roll to use but nothing else has changed.
This is our chance to change the things we couldn't before.  There is no reason why we have to continue doing things the same as before.

Please seriously think about this over the next few days and get back to me with any ideas you have, no matter how small, every little bit helps.

Come talk to me if you have any questions or concerns,

Thanks,
Kam


Start Date: 4/12/01; HourAhead hour: 7;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041207.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 7 / Preferred:  25.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/12/01
  TIE_POINT: SUMITM_1_SPP
  INTERCHG_ID: EPMI_CISO_BLUE
  ENGY_TYPE: NFRM
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 7 / Preferred:  72.00 / Final:  47.03)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/12/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_LAKERS
  ENGY_TYPE: FIRM

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 7 / Preferred:   2.15 / Final:   1.98)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 4/12/01
  SC_ID: EPMI


Rod:  Is this one ready to go?  Please talk to Susan.  Thanks.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 04/18/2000
06:20 PM ---------------------------

Julian Poole@ENRON_DEVELOPMENT
04/18/2000 03:58 PM
To: Sara Shackleton@ECT
cc:
Subject: Re: Capex

Sara, were you able to advance with the Master Agreement for Capex?

Julian

Brent Hendry
04/14/2000 12:22 AM
To: Rod Nelson/HOU/ECT@ECT
cc: Andrea Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Julian
Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton@ENRON_DEVELOPMENT
Subject: Re: Capex

For the time being Sara is handling the Swap Master Agreements for South
America since they are ENA transactions.

To: Andrea Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Capex

Attached is credit terms for Capex master trading contract (per Julian's
request).

Andrea,

I hoped your credit questions were answered concerning adequately in the
recent contract negotiations with Pluspetrol.  I apologize if I wasn't
sufficiently responsive.  I'm working on unloading other responsibilities so
that I can focus purely on Southern Cone.

Rod


Naveen,
as we discussed yesterday, I would like to see the results of Components VAR
testing.
I got some from Sunil today for AGG-GAS.
In addition if you can send me Component Var results for NG-PRICE for some
date,
as well as NG positions, forward price curve, forward volatility curve for
NG-PRICE-PRC for that
same date, I can verify the numbers.

Thank you,

Tanya.


Dan, are you ok with the minutes?  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 08/25/2000 06:26 PM -----

	Rebecca Carter@ENRON
	Sent by: Kelly Johnson@ENRON
	08/24/2000 11:37 AM
	Please respond to kelly.johnson

		 To: W David Duran/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: June 22, 2000 Executive Committee Meeting

Please review the attached excerpt from the June 22, 2000 Executive Committee
meeting by August 30th. If you approve as written, please let us
know.Regards, Rebecca


Debra,

I have made redline changes with comments, please review, and see if
everything is correct.

Thank you,(See attached file: AESNE Special Provision(FINAL)
#5withchanges.doc)

Majed Nachawati
Enron North America
Legal Department
1400 Smith Street
Houston, Texas 77002
Majed.Nachawati@enron.com
713-345-2722 DD
713-646-3393 Fax
 - AESNE Special Provision(FINAL)#5withchanges.doc


This is long, but really caught my attention and felt no other choice but to share with those I care for....have a blessed day!!

>Finally, The Truth on National TV
> > >      >
> > >      >Billy Graham's daughter was being interviewed on the Early
> > >      >Show and Jane Clayson asked her "How could God let something
> > >      >like this happen?"  And Anne Graham gave an extremely
> > >      >profound and insightful response.  She said "I believe that
> > >      >God is deeply saddened by this, just as we are, but for
> > >      >years we've been telling God to get out of our schools, to
> > >      >get out of our government and to get out of our lives.  And
> > >      >being the gentleman that He is, I believe that He has calmly
> > >      >backed out.  How can we expect God to give us His blessing
> > >      >and His protection if we demand that He leave us alone?"
> > >      >
> > >      >I know there's been a lot of email going around in regards
> > >      >to 9/11/01, but this really makes you think.  If you don't
> > >      >have time, at least skim through it, but the bottom line is
> > >      >something to think about...In light of recent
> > >      >events...terrorists attack, school shootings, etc.  Let's
> > >      >see, I think it started when Madeline Murray O'Hare (she was
> > >      >murdered, her body was found recently) complained she didn't
> > >      >want any prayer in our schools, and we said OK.
> > >      >
> > >      >Then, someone said you better not read the Bible in
> > >      >school...  the Bible that says thou shalt not kill, thou
> > >      >shalt not steal, and love your neighbor as yourself.  And we
> > >      >said, OK.
> > >      >
> > >      >Then, Dr.  Benjamin Spock said we shouldn't spank our
> > >      >children when they misbehave because their little
> > >      >personalities would be warped and we might damage their
> > >      >self-esteem (Dr.  Spock's son committed suicide)  And we
> > >      >said, an expert should know what he's talking about so we
> > >      >said OK.
> > >      >
> > >      >Then, someone said teachers and principals better not
> > >      >discipline our children when they misbehave.  And the school
> > >      >administrators said no faculty member in this school better
> > >      >touch a student when they misbehave because we don't want
> > >      >any bad publicity, and we surely don't want to be sued
> > >      >(There's big difference between disciplining and touching,
> > >      >beating, smacking, humiliating, kicking, etc.) And we said,
> > >      >OK.
> > >      >
> > >      >Then someone said, let's let our daughters have abortions if
> > >      >they want, and they won't even have to tell their parents.
> > >      >And we said, OK.
> > >      >
> > >      >Then some wise school board member said, since boys will be
> > >      >boys and they're going to do it anyway, let's give our sons
> > >      >all the condoms they want, so they can have all the fun they
> > >      >desire, and we won't have to tell their parents they got
> > >      >them at school.  And we said, OK.
> > >      >
> > >      >Then some of our top elected officials said it doesn't
> > >      >matter what we do in private as long as we do our jobs.  And
> > >      >agreeing with them, we said it doesn't matter to me what
> > >      >anyone, including the President, does in private as long as
> > >      >I have a job and the economy is good.
> > >      >
> > >      >And then someone said let's print magazines with pictures of
> > >      >nude women and call it wholesome, down-to-earth appreciation
> > >      >for the beauty of the female body.  And we said, OK.
> > >      >
> > >      >And then someone else took that appreciation a step further
> > >      >and published pictures of nude children and then stepped
> > >      >further still by making them available on the Internet.  And
> > >      >we said OK, they're entitled to their free speech.
> > >      >
> > >      >And then the entertainment industry said, let's make TV
> > >      >shows and movies that promote profanity, violence, and
> > >      >illicit sex.  And let's record music that encourages rape,
> > >      >drugs, murder, suicide, and satanic themes.  And we said
> > >      >it's just entertainment, it has no adverse effect, and
> > >      >nobody takes it seriously anyway, so go right ahead.
> > >      >
> > >      >Now we're asking ourselves why our children have no
> > >      >conscience, why they don't know right from wrong, and why it
> > >      >doesn't bother them to kill strangers, their classmates, and
> > >      >themselves.
> > >      >
> > >      >Probably, if we think about it long and hard enough, we can
> > >      >figure it out.
> > >      >
> > >      >I think it has a great deal to do with "WE REAP WHAT WE
> > >      >SOW."
> > >      >
> > >      >"Dear God, Why didn't you save the little girl killed in her
> > >      >classroom?  " Sincerely, Concerned Student...  AND THE REPLY
> > >      >"Dear Concerned Student, I am not allowed in schools".
> > >      >Sincerely, God.
> > >      >
> > >      >Funny how simple it is for people to trash God and then
> > >      >wonder why the world's going to hell.  Funny how we believe
> > >      >what the newspapers say, but question what the Bible says.
> > >      >Funny how everyone wants to go to heaven provided they do
> > >      >not have to believe, think, say, or do anything the Bible
> > >      >says.  Funny how someone can say "I believe in God" but
> > >      >still follow Satan who, by the way, also "believes" in God.
> > >      >Funny how we are quick to judge but not to be judged.  Funny
> > >      >how you can send a thousand 'jokes' through e-mail and they
> > >      >spread like wildfire, but when you start sending messages
> > >      >regarding the Lord, people think twice about sharing.  Funny
> > >      >how the lewd, crude, vulgar and obscene pass freely through
> > >      >cyberspace, but the public discussion of God is suppressed
> > >      >in the school and workplace.  Funny how someone can be so
> > >      >fired up for Christ on Sunday, but be an invisible Christian
> > >      >the rest of the week.
> > >      >
> > >      >Are you laughing?
> > >      >
> > >      >Funny how when you go to forward this message, you will not
> > >      >send it to many on your address list because you're not sure
> > >      >what they believe, or what they will think of you for
> > >      >sending it to them.  Funny how I can be more worried about
> > >      >what other people think of me than what God thinks of me.
> > >      >
> > >      >Are you thinking?
> > >      >
> > >      >Pass it on if you think it has merit.  If not then just
> > >      >discard it....no one will know that you did.  But, if you
> > >      >discard this thought process, then don't sit back and
> > >      >complain about what a bad shape the world is in!
>
>
>


________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com

 - UNTITLED1.jpg
 - untitled10.jpg
 - untitled11.jpg
 - untitled12.jpg
 - untitled2.jpg
 - untitled3.jpg
 - untitled4.jpg
 - untitled5.jpg
 - untitled6.jpg
 - untitled7.jpg
 - untitled8.jpg
 - untitled9.jpg
 - cheer1.jpg


Thank you, Erica.  I'm waiting to Jeff to return from a meeting (within an
hour or so).  He is currently scheduled to be in Europe the week of September
24, so at this time, he is not available for a September 25 dinner.  I'll
advise as soon as I have a chance to speak to him.  Thanks again for your
help.

Regards,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com

Erica Harris <EHarris@insightpartners.com> on 05/14/2001 01:46:00 PM
To: "'Jeff.Skilling@enron.com'" <Jeff.Skilling@enron.com>
cc:

Subject: RE: Telephone Call with Jerry Murdock

Sheri:

Thanks for the response.  Our next dinner is scheduled for September 25, at
the moment I'm not sure who the other invitees would be.  Jerry would
probably have a better idea as he puts together the guest list for each
event and may already have something in mind.  That's actually another
reason why I think we should leave the call tomorrow on the calendar.
Depending on Mr. Skillings availability/interest Jerry might want to
reconfigure his invitee list for the most appropriate mix of people.

Regards,
Erica Harris

-----Original Message-----
From: Jeff.Skilling@enron.com [mailto:Jeff.Skilling@enron.com]
Sent: Monday, May 14, 2001 2:38 PM
To: Erica Harris
Cc: Joannie.Williamson@enron.com
Subject: RE: Telephone Call with Jerry Murdock

Erica, thanks for the note.  Joannie has left the office for the day, but
will return tomorrow morning.

In the meantime, I'll run this by Jeff to see if he thinks it makes sense.
Do you have any dates for future dinners in mind?  The vast majority of
Jeff's time is committed through February 2002, so knowing what the
dates/timeframes are would be most helpful in the event we need to try to
free up some time.  Thank you.

Regards,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com

Erica Harris <EHarris@insightpartners.com> on 05/14/2001 12:16:12 PM

To:   "'Jeff.Skilling@enron.com'" <Jeff.Skilling@enron.com>
cc:

Subject:  RE: Telephone Call with Jerry Murdock

Probably the best thing is for the call to go ahead, that way Jerry can
brief Mr. Skilling on our plans for the remaining dinners throughout the
year and Mr. Skilling can decide on the best one for him to attend.

Does that sound feasible to you?
Erica

-----Original Message-----
From: Jeff.Skilling@enron.com [mailto:Jeff.Skilling@enron.com]
Sent: Monday, May 14, 2001 1:10 PM
To: Erica Harris
Subject: Re: Telephone Call with Jerry Murdock

Erica, Jeff is currently scheduled to be on vacation July 19.  Would it be
possible to schedule during the next quarter?

Thanks,
Joannie

Erica Harris <EHarris@insightpartners.com> on 05/14/2001 12:09:54 PM

To:   "'jeff.skilling@enron.com'" <jeff.skilling@enron.com>
cc:

Subject:  Telephone Call with Jerry Murdock

Dear Mr. Skilling:

I write on behalf of Jerry Murdock, who is currently in Europe.  Mr.
Murdock
asked me to pass on the following information regarding your telephone call
scheduled for 10:00am (CST) on Tuesday, May 15.

Insight Capital hosts a quarterly dinner with Robert Rubin and Steve
Friedman and other selected guests.  Our next dinner is scheduled for July
19 and will be held in Aspen, Colorado.  The Current State of the Global
Market will be one of the topics under discussion and Jack Welch of GE is
one of your fellow invitees.

The purpose of your conversation with Mr. Murdock is to discuss the above
in
more detail and to more fully brief you on the purpose of these dinners.

Please do not hesitate to contact me should you require any further
information.

Erica Harris
Insight Capital Partners
680 Fifth Avenue
8th Floor
New York, NY  10019
(212) 230-9276

_______________________________________________________
This message may contain confidential and/or legally privileged
information.
If it has been sent to you in error, please reply immediately to advise the
sender of the error and then destroy this message, any copies of this
message and any printout of this message.  If you are not the intended
recipient of the message, any unauthorized dissemination, distribution or
copying of the material in this message, and any attachments to the
message,
is strictly forbidden.

_______________________________________________________
This message may contain confidential and/or legally privileged
information.
If it has been sent to you in error, please reply immediately to advise the
sender of the error and then destroy this message, any copies of this
message and any printout of this message.  If you are not the intended
recipient of the message, any unauthorized dissemination, distribution or
copying of the material in this message, and any attachments to the
message,
is strictly forbidden.

_______________________________________________________
This message may contain confidential and/or legally privileged information.
If it has been sent to you in error, please reply immediately to advise the
sender of the error and then destroy this message, any copies of this
message and any printout of this message.  If you are not the intended
recipient of the message, any unauthorized dissemination, distribution or
copying of the material in this message, and any attachments to the message,
is strictly forbidden.


Please read the attached document from Susan Scott Lindberg

 -----Original Message-----
From:  Scott, Susan
Sent: Friday, July 20, 2001 10:14 AM
To: Dernehl, Ginger
Subject: revised memo

Delete the previous one and distribute this one:

Thank you.


Thanks Jeff.  On a related note, we are trying to put together a financial
"headroom" forecast for DWR/State of California that goes out a few years and
shows:

Rate Revenues
less:  Utility gen costs
 QF costs
 DWR PPA's
 DWR spot purchases
Margin
Total Deficit

Bond Issue
Bond Principal & Interest

Would you know how to get something like that?

Regards,

Chris

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Wednesday, May 16, 2001 10:12 AM
To: Calger, Christopher F.; Comnes, Alan; Shapiro, Richard; skean@enron.com;
Steffes, James; Yoder, Christian; Kaufman, Paul
Subject: Rate Agreement between DWR and the PUC Regarding Creditworthiness
Sensitivity: Confidential

FYI:  Just got off the phone with Michael Hoffman, who's one of two key
outside financial advisors to Davis on the electricity crisis. The
administration is trying to get a legally binding agreement between the PUC
and DWR to ensure that the PUC doesn't muck around with the money (via
utility rates) DWR requires to be creditworthy.  They were shooting for this
Friday to have a draft of the document read for folks to review, but it now
looks like it won't get resolved until (at the earliest) next week----seems
that the one PUC lawyer who can actually do the work is on vacation.  Go
figure.

Best,
Jeff


We had a good session w top last night narrowing a numner of deal pts.  We are doing the same w umb this am. We should know by this eve who is in the lead. Hang in there and have fun w the maple leafs.


thanks

-----Original Message-----
From: Abel, Chris
Sent: Thursday, January 17, 2002 11:06 AM
To: Thapar, Raj; Beck, Sally; Pearce, Barry; Apollo, Beth
Cc: Considine, Keith; Ayala, Susie; Trevino, Susan; Wilson, Shona
Subject: RE: priorities for 1/16

The status of the 12/31 DPR is as follows:

North America Gas:  P&L and Bench  preliminary, final will be received soon.
North America Power East: Final information received
North America Power West: Final information received
North America Power Canada: Final information received
EES Gas and Power: Information currently not available
South America Gas and Power: Final information received
Enron Europe:  Attempting to coordinate with Europe about reporting only ECTRIC piece.
Global Products: Status unknown
Weather: Final should be available next week
Coal: Final should be available 1/17
Freight: Status unknown
Emissions: Status unknown
Global Risk Markets: Final information received
Equity, Convertible Arb, Foreign Currency: no positions to report on
Interest Rate: Data not available
Paper, Lumber and Steel: Final information received
Broadband, Advertising and DRAM: Final expected next week
PGE: Final information received
ETS: Status unknown
Merchant Portfolio: Final information received
Capital Portfolio: Status unknown

I am still trying to find out whether we will receive information from several groups.  I will keep you updated on the progress.

Chris Abel

-----Original Message-----

From: Wilson, Shona

Sent: Wednesday, January 16, 2002 8:34 AM

To: Thapar, Raj; Beck, Sally; Pearce, Barry; Apollo, Beth

Cc: Abel, Chris; Considine, Keith; Ayala, Susie; Trevino, Susan

Subject: priorities for 1/16 and accomplishments for 1/15

1/15 -

curve val: we have scoped the curve val project and have discussed it with PwC. I've talked to E&Y in general terms and have a meeting with them on this at 10 today. We have also had initial discussions with the different risk groups about the holes in the curve construction & upload process and our deliverable for the end of today is a list of where the holes are and a plan to fill those holes.

We spent significant time with E&Y to go over the make up of the DPR.

We are working with the different groups on the 12/31 DPR information. So far, we have only had one request for it. My gut feeling is that EIM & ENA are complete, but ECTRIC & EGM need a bit more time. Chris should have a complete status ready for today.

Our systems are fixed (hooray!). Yesterday we caught up on the Enovate and Bridgeline DPRs as well as spent significant time with IT to get the systems fixed.

Susie is still working on the SEC VAR for 10/31, 11/30, and will start 12/31 as soon as all of the information is available. She has also started the net assets work.

Lastly, the whole group had CAS training so once we get access to the system we can start pulling info by counterparty.

Today our goals are:

Curve val - finalize memo (getting agreement from PwC, E&Y, and Enron estate), put listing of curve construction plan fwd, start determining what the different buckets of curves are and what tools are available to perform analysis

Field more E&Y DPR qus

Have a complete status report on the 12/31 DPR.

Prepare ongoing reporting (Enovate, Bridgeline etc).

I also hope to get some time to familarize myself with the CAS environment.

Regards

Chris Abel
Manager, Risk Controls
Global Risk Operations
chris.abel@enron.com <mailto:chris.abel@enron.com>
713.853.3102


Great stuff. Lets chat in San Antonio. You owe me a beer anyway!

We have been playing with several "commercialisation of HR" ideas including
setting up our own recruitment search company to market talent we don't
need/like that passes through the machine (plus unsuccessful redeployment
people). Idea of developing our own Monster board in connection with this is
very appealing (Europe already have a site which does some of what we need
"EnronCareers.Com"). If we can do something with our existing ad strategy
without adding too much cost that would be outstanding.

David

From: Mark Palmer@ENRON on 11/10/2000 05:50 PM
To: David Oxley/HOU/ECT@ECT
cc:
Subject: Re: My HR idea for the day....

Great idea.

Problems with tagging on to existing commercials, though.  In a thirty second
spot, every second counts.  The tag as proposed would eat up almost half the
spot.  I'll set aside the usual blather about the spots just being for brand
development, corporate image, etc.

We may want to look into producing a specific recruiting spot.  That would be
an interesting proposition.  If the idea has commercial merit, we could find
a way to fund it.  Also, EBS has a new unit called Enron Media Services that
might be able to help us source the media inventory (need to be a specific
target) to run the spot.

What do you think?

Mark


Geynille and team,

I'll be at Harvard on the 3rd and the morning of the 4th--I'm happy to take
the short drive to participate in the reception on the evening of the 4th. If
needed I can participate in interviews on the 5th.

 Also, Carol/Cindy, I'd like to see if we can follow up on the Jean Baker
Miller Training Institute research relationship possibilities sometime on the
5th.

Geynille, I'll take care of my own arrangements and expenses, but would you
please reserve a room for me (for the evening of the 4th) at the same
location as the rest of the group will be staying?

Thanks!

--Christie.


Here are the FT Positions including the Exotics.

Robin


---------------------- Forwarded by Carol St Clair/HOU/ECT on 03/10/2000
12:22 PM ---------------------------

"Rick Antonoff" <rantonof@cwt.com> on 03/10/2000 11:52:38 AM
To: Carol St Clair/HOU/ECT@ECT
cc:
Subject: Master Netting Agreement

Attached below is our preliminary draft master netting agreement. As we
discussed last week, the draft is designed to be relatively simple and "user
friendly," accommodating a single Enron entity and a single counterparty
entity
engaged in cash settled and physically settled transactions under separate,
pre-existing, respective financial and physical master agreements similar to
those which you have provided to us as examples.

We note a few points about the attached draft:

1.   The terms "master netting agreement" and "master netting agreement
participants" in Section 6 refer to proposed definitions that would be added
to
the Bankruptcy Code upon enactment of the pending legislation. If an agreement
is executed with a counterparty prior to enactment (or if the legislation is
not
enacted), we would amend this provision to incorporate instead the existing
safe
harbor provisions to the extent possible.

2.  We designated Texas law as the governing law (in brackets) based on the
provisions of the ISDA schedule you provided to us.

3.  Notwithstanding that the draft contemplates a single Enron entity, we
included references to Enron affiliates in certain provisions to provide
flexibility in the event that obligations from other Enron entities to the
counterparty should arise in any other context. We think that all such
obligations should be available for setoff against Enron's claims against the
counterparty.

Please call us when you have had an opportunity to review the draft.

(See attached file: #109563 v2 - master netting agreement.doc)

|------------------------------------------------------------------|
|NOTE:  The information in this email is confidential and may be   |
|legally privileged.  If you are not the intended recipient, you   |
|must not read, use or disseminate the information.  Although this |
|email and any attachments are believed to be free of any virus or |
|other defect that might affect any computer system into which it  |
|is received and opened, it is the responsibility of the recipient |
|to ensure that it is virus free and no responsibility is accepted |
|by Cadwalader, Wickersham & Taft for any loss or damage arising in|
|any way from its use.                                             |
|------------------------------------------------------------------|

 - #109563 v2 - master netting agreement.doc


Colleen, this is the email response I received.

Kim, could you find out from payables if we are making payments to a company
called "Capacity Center"?  If we are, I would like to know who with Enron is
authorizing these payments.

Thanks.

---------------------- Forwarded by Chris Germany/HOU/ECT on 07/07/2000 12:36
PM ---------------------------

"Carol Christopher" <cchris@capacitycenter.com> on 06/20/2000 01:11:42 PM
Please respond to <cchris@capacitycenter.com>
To: "\"Chris Germany\"" <Chris.Germany@enron.com>
cc:
Subject: Capacity Center.com inquiry

It is the policy at CapacityCenter that we not disclose the names of our
customers.  One Enron person is currently enrolled for our services.  I have
forwarded your question on to them so they may contact you directly.

If you are interested in learning more you can sign up for two week free
trial.  Link to http://www.capacitycenter.com then click on the free trial
button.  I would suggest that you print it out for reference while you sign
up for the trial.

Carol Christopher
Business Solutions Manager
800-883-8227


Just let me know when you get bored...


You have received this email because you are listed as a data approver. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000082180&Page=Approval to review and act upon this request.

Request ID          : 000000000082180
Request Create Date : 2/4/02 8:51:45 AM
Requested For       : patrick.mulvany@enron.com
Resource Name       : Sitara Houston Production Central Edit Deal Compliance
Resource Type       : Applications


-----Original Message-----
From: 	Postlethwaite, John
Sent:	Tuesday, December 04, 2001 12:35 PM
To:	Allen, Phillip K.
Cc:	White, Stacey W.
Subject:	Mid C New deals Sept 24

Phillip, here is the breakdown on new deals and option values for Sept 24.

Options:

Sold put with strike of 150 and volume of 30,800
Sold put with strike of 220 and volume of 92,400
Buy put with strike of 175 and volume of 61,600
Buy put with strike of 125 and volume of 30,800
Buy put with strike of 125 and volume of 30,800
Buy put with strike of 125 and volume of 30,800

Total new deal value $(3,552,534)

Value in exercising of deals (liquidations) $3,642,100

Net value to book = $89,566

The reason for the difference in new deal value for LT - NW between the new deal report and the DPR of approx $(2,290,630) was due to the fact that one of the swaps that was entered for the exercised options was incorrect. The correct value was determined by running a minibook and the difference was $(2,290,630) and so the new deal value was adjusted accordingly.

John