continental.com Specials for Patrice Thurston
Wednesday, November 7, 2001
****************************************

RECONNECT WITH FAMILY AND FRIENDS VIA ORBITZ!

You could win two tickets to a destination of your choice in the continental U.S. Join and get 10 entries. Book and get 100! Tickets can be donated to the Make-A-Wish Foundation(R). Winners drawn hourly. No purchase necessary.

Visit:
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for details!

TRAVEL UPDATES
Be sure to check continental.com at:
http://continentalairlines.rsc01.net/servlet/cc?JHDUVAEitptlFLgkhgDJhtE0EV
before leaving for the airport. We're looking forward to welcoming you onboard!

****************************************
TABLE OF CONTENTS
1. This Week's Destinations
2. Continental Vacations Offers
3. Hilton Hotels & Resorts, Doubletree Hotels & Resorts, & Embassy Suites Hotels Offers
4. Westin Hotels & Resorts, Sheraton Hotels & Resorts, Four Points by Sheraton, St. Regis, The Luxury Collection and W Hotels Offers
5. Alamo Rent A Car Offers
6. National Car Rental Offers

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1. THIS WEEK'S DESTINATIONS

Depart Saturday, November 10 and return on either Monday, November 12 or Tuesday, November 13, 2001. Please see the Terms and Conditions listed at the end of this e-mail.

Purchase continental.com Specials online until 11:59pm (CST) Friday at:
http://continentalairlines.rsc01.net/servlet/cc?JHDUVAEitptlFLgkhgDJhtE0EW
You can also purchase continental.com Specials for an additional cost of $20 per ticket through our telephone service at 1-800-642-1617.

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TRAVEL MAY ORIGINATE IN EITHER CITY
****************************************
****Roundtrip BETWEEN CLEVELAND, OH and:

$109 - Chicago, IL (Midway only)
$119 - Louisville, KY
$139 - New York, NY (LaGuardia only)

****Roundtrip BETWEEN HOUSTON, TX and:

$109 - Austin, TX
$109 - Brownsville/South Padre Island, TX
$109 - Dallas/Ft. Worth, TX (Love Field only)
$119 - Gulfport/Biloxi, MS
$109 - Harlingen/Rio Grande Valley, TX

****Roundtrip BETWEEN NEW YORK/NEWARK and:

$119 - Portland, ME

********************************
2. CONTINENTAL VACATIONS OFFERS

Companions Fly For Half Off!

Are you planning a special trip with a loved one to Mexico or the Caribbean Islands? If so, then now is the time to plan a vacation to your favorite destination and your companion flies for half off!

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****************************************
3. CONTINENTAL.COM SPECIALS FROM HILTON HOTELS AND RESORTS, DOUBLETREE
HOTELS AND RESORTS, AND EMBASSY SUITES HOTELS

The following rates are available November 10 - November 12, 2001 and are priced per night.
--------------------------------------
Austin, TX - Hilton Austin Airport - $109
Austin, TX - Embassy Suites Hotel Austin-Arboretum - $129

Chicago, IL - Hilton Oak Lawn, Oak Lawn, IL. - $119
Chicago, IL - Doubletree Guest Suites Downers Grove, Downers Grove, IL. - $129
Chicago, IL - Doubletree Hotel & Executive Meeting Center Chicago-North Shore, Skokie, IL. - $119
Chicago, IL - Doubletree Guest Suites Chicago-Downtown, Chicago, IL. - $269
Chicago, IL - Doubletree Guest Suites Chicago North/Glenview, Glenview, IL. - $119

Cleveland, OH - Hilton Garden Inn Cleveland Airport, Cleveland, OH. - $79
Cleveland, OH - Hilton Cleveland East/Beachwood, Beachwood, OH. - $109

Dallas, TX - Hilton Dallas Park Cities - $129
Dallas, TX - Hilton Dallas Parkway - $85
Dallas, TX - Hilton Arlington, Arlington, TX. - $109
Dallas, TX - Hilton Garden Inn Las Colinas, Irving, TX. - $79/Night, 11/10-11
Dallas, TX - Embassy Suites Hotel Dallas-Near The Galleria - $149
Dallas, TX - Embassy Suites Hotel Dallas-Love Field - $89

Houston, TX - Hilton Houston Westchase and Towers - $149
Houston, TX - Hilton Houston Hobby Airport - $109
Houston, TX - Hilton Houston Southwest - $99

New York, NY & Newark, NJ - Doubletree Club Norwalk, Norwalk, CT. - $99
New York, NY & Newark, NJ - Hilton Parsippany, Parsippany, NJ. - $89
New York, NY & Newark, NJ - Hilton Fort Lee George Washington Bridge, Fort Lee, NJ. - $129
New York, NY & Newark, NJ - Hilton Times Square, New York, NY. - $299
New York, NY & Newark, NJ - Hilton Newark Airport, Elizabeth, NJ. - $179
New York, NY & Newark, NJ - Doubletree Club Suites Jersey City, Jersey City, NJ. - $149

Portland, ME - Doubletree Hotel Portland - $99

To book this week's special rates for Hilton Family Hotels, visit and book at:
http://continentalairlines.rsc01.net/servlet/cc?JHDUVAEitptlFLgkhgDJhtE0EY
Special rates apply only for the dates listed at each hotel and are subject to availability. Check hilton.com for specific dates at each Hilton Family Hotel. Or call at 1-800-774-1500 and ask for Value Rates. Restrictions apply to these rates.

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4. CONTINENTAL.COM SPECIALS LAST-MINUTE WEEKEND RATES FROM WESTIN HOTELS & RESORTS, SHERATON HOTELS & RESORTS, FOUR POINTS BY SHERATON, ST. REGIS, THE LUXURY COLLECTION, AND W HOTELS

Last-Minute Weekend Rates for this weekend November 9 - November 13, 2001.
--------------------------------------
California - Santa Monica - Four Points by Sheraton Santa Monica - $69.00

Connecticut - Danbury - Sheraton Danbury Hotel - $65.00
Connecticut - Stamford - The Westin Stamford - $84.00

Illinois - Arlington Heights - Sheraton Chicago Northwest - $65.00
Illinois - Chicago - Sheraton Chicago Hotel and Towers - $139.00
Illinois - Chicago - The Westin Chicago River North - $149.00
Illinois - Elk Grove Village - Sheraton Suites Elk Grove Village - $71.00
Illinois - Rosemont - Sheraton Gateway Suites Chicago O'Hare - $75.00

Kentucky - Lexington - Sheraton Suites Lexington - $69.00

Missouri - Kansas City - Four Points by Sheraton Kansas City Country Club Plaza - $77.00

New Jersey - Iselin - Sheraton at Woodbridge Place Hotel - $71.00
New Jersey - Piscataway - Four Points by Sheraton Somerset/Piscataway - $65.00

Ohio - Cuyahoga Falls - Sheraton Suites Akron/Cuyahoga Falls - $99.00
Ohio - Independence - Four Points by Sheraton Cleveland South - $65.00

Texas - Dallas - Sheraton Suites Market Center - $64.00
Texas - Dallas - Sheraton Park Central Hotel Dallas - $58.00
Texas - Dallas - The Westin Park Central - $77.00
Texas - Dallas - The Westin Galleria Dallas - $110.00
Texas - Frisco - The Westin Stonebriar Resort - $74.00
Texas - Houston - The St. Regis, Houston - $106.00
Texas - Houston - Sheraton Houston Brookhollow Hotel - $45.00
Texas - Houston - The Westin Oaks - $70.00
Texas - Houston - Sheraton Suites Houston Near The Galleria - $71.00

Visit our site:
http://continentalairlines.rsc01.net/servlet/cc?JHDUVAEitptlFLgkhgDJhtE0EZ
for booking these and other Last-Minute Weekend Rates.
For complete details on these offers, please refer to the terms and conditions below.

********************************
5. CONTINENTAL.COM SPECIALS FROM ALAMO RENT A CAR

Rates listed below are valid on compact class vehicles at airport locations only. Other car types may be available. Rates are valid for rentals on Saturday, November 10 with returns Monday, November 12 or Tuesday, November 13, 2001.
-------------------------------
$20 a day in:  Austin, TX (AUS)
$20 a day in:  Cleveland, OH (CLE)
$18 a day in:  Dallas, TX (DAL)
$26 a day in:  Newark, NJ (EWR)
$18 a day in:  Houston, TX (IAH)
$26 a day in:  Chicago, IL (MDW)
$20 a day in:  Portland, ME (PWM)

To receive special continental.com Specials discounted rates, simply make advance reservations and be sure to request ID # 596871 and Rate Code 33. Book your reservation online at:
http://continentalairlines.rsc01.net/servlet/cc?JHDUVAEitptlFLgkhgDJhtE0EA
or contact Alamo at 1-800 GO ALAMO.

*If you are traveling to a city or a different date that is not listed, Alamo offers great rates when you book online at:
http://continentalairlines.rsc01.net/servlet/cc?JHDUVAEitptlFLgkhgDJhtE0EB
For complete details on these offers, please refer to Alamo's terms and conditions below.

****************************************
6. CONTINENTAL.COM SPECIALS FROM NATIONAL CAR RENTAL

Rates listed below are valid on intermediate class vehicles at airport locations only. Other car types may be available. Rates are valid for rentals on Saturday, November 10 with returns Monday, November 12 or Tuesday, November 13, 2001.
------------------------------------------
$23 a day in:  Austin, TX (AUS)
$23 a day in:  Cleveland, OH (CLE)
$21 a day in:  Dallas, TX (DAL)
$29 a day in:  Newark, NJ (EWR)
$21 a day in:  Gulfport/Biloxi, MS (GPT)
$29 a day in:  Harlingen/Rio Grande Valley, TX (HRL)
$21 a day in:  Houston, TX (IAH)
$47 a day in:  New York, NY (LGA)
$29 a day in:  Chicago, IL (MDW)
$23 a day in:  Portland, ME (PWM)
$23 a day in:  Louisville, KY (SDF)

To receive your continental.com Specials discounted rates, simply make your reservations in advance and be sure to request Product Code COOLUS. To make your reservation, contact National at 1-800-CAR-RENT (1-800-227-7368), or book your reservation online at:
http://continentalairlines.rsc01.net/servlet/cc?JHDUVAEitptlFLgkhgDJhtE0EC
Please enter COOLUS in the Product Rate Code field, and 5037126 in the Contract ID field to ensure you get these rates on these dates.

* If you are traveling to a city or a different date that is not listed, National offers great rates when you book online at:
http://continentalairlines.rsc01.net/servlet/cc?JHDUVAEitptlFLgkhgDJhtE0EUT
For complete details on these offers, please refer to National's terms and conditions below.

****************************************
CONTINENTAL.COM SPECIALS RULES:
Fares include a $37.20 fuel surcharge.  Passenger Facility Charges, up to $18 depending on routing, are not included. Up to $2.75 per segment federal excise tax, as applicable, is not included.  Applicable International and or Canadian taxes and fees up to $108, varying by destination, are not included and may vary slightly depending on currency exchange rate at the time of purchase. For a complete listing of rules please visit:
http://continentalairlines.rsc01.net/servlet/cc?JHDUVAEitptlFLgkhgDJhtE0EUU

ALAMO RENT A CAR'S TERMS AND CONDITIONS:
Taxes (including VLF taxes up to US$1.89 per day in California and GST), other governmentally-authorized or imposed surcharges, license recoupment fees, fuel, additional driver fee, drop charges and optional items (such as CDW Waiver Savers(R) up to US$18.99 a day,) are extra. Renter must meet standard age, driver and credit requirements. Rates higher for drivers under age 25. Concession recoupment fees may add up to 14% to the rental rate at some on-airport locations. Up to 10.75% may be added to the rental rate if you rent at an off-airport location and exit on our shuttle bus. Weekly rates require a 5-day minimum rental or daily rates apply. For weekend rates, the vehicle must be picked up after 9 a.m. on Thursday and returned before midnight on Monday or higher daily rates apply. 24-hour advance reservation required. May not be combined with other discounts. Availability is limited. All vehicles must be returned to the country of origin. Offer not valid in San Jose, CA.

NATIONAL CAR RENTAL TERMS AND CONDITIONS:
Customer must provide Contract ID# at the time of reservation to be eligible for discounts. Offer valid at participating National locations in the US and Canada. Minimum rental age is 25. This offer is not valid with any other special discount or promotion. Standard rental qualifications apply. Subject to availability and blackout dates. Advance reservations required. Geographic driving restrictions may apply.

TERMS AND CONDITIONS FOR WESTIN, SHERATON, FOUR POINTS,
ST. REGIS, THE LUXURY COLLECTION, AND W HOTELS:
Offer is subject to availability. Advance Reservations required and is based on single/double occupancy. Offer not applicable to group travel. Additional Service charge and tax may apply. The discount is reflected in the rate quoted. Offer valid at participating hotel only. Offer valid for stays on Fri - Mon with a Friday or Saturday night arrival required. Rate available for this coming weekend only. Offer available only by making reservations via the internet. A limited number of rooms may be available at these rates.

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I put your $500 check on your bed.  Nice ZERO points this week.  Do you not want the $630?  I only pulled a 5.  Really hurts me.  But mathematical I still have a chance.

-----Original Message-----
From: Taylor, Michael E
Sent: Friday, November 16, 2001 9:34 AM
To: 'Doug Block'
Subject: RE: FedEx package

Yes, assuming I get home before the office closes.

I am feeling good as well.  I will move up a few spots this week.

-----Original Message-----
From: Doug Block [mailto:Doug.Block@Halliburton.com]
Sent: Friday, November 16, 2001 9:26 AM
To: Taylor, Michael E
Subject: FedEx package

I called the 'Stone. They said they are short staffed and may not be able to
put it inside the apartment today. So if its not in there when you get home,
can you pick it up from the office?

Thanks,

Doug Block
Halliburton Audit Services
> * Phone: 713-676-8175
> * Fax: 	   713-676-3607
> * Email : doug.block@Halliburton.com
>
P.S. The winning picks are in. 15 points this week! I'm calling it!


Could you please go through the option agreement I have in my directory on
O.  It is under Option Agreements, and it is the only document there.  It
should be called Fehr land option, or something similiar.  Please go search
and make Optionor plural throughout, and make the grammar match.  I started
making the changes, but got distracted from the task.
Thanks,

Kay


Hello Dana,

Yes.... I am still giving Edith her bridal shower on this upcoming weekend.
And I do believe your name was included in the invitations that were sent
out, which was this past Monday.  So you should be receiving directions as
well as the invitation sometime this week.  Thanks for inquiring, and hope
to have you join us on Saturday.....talk soon....

~Kathy.....

Kathy D. Lacy
(713) 207-8570
REP-35

                    Dana.Davis@en
                    ron.com              To:
                                         kathy_d_lacy@reliantenergy.c
                    11/28/00             om
                    04:08 PM             cc:
                                         Subject:     Re: Bridal
                                         Shower

Hi Kathy -

I'm Dana Davis.  A member of Veterans Memorial are you still sending
information/directions regarding Edith's bridal shower on Dec. 2nd?

---------------------- Forwarded by Dana Davis/HOU/ECT on 11/28/2000 04:05
PM ---------------------------

EdithErica@aol.com on 11/22/2000 09:06:29 AM

To:   EdithErica@aol.com, jwashing@mail.mdanderson.org, faith1@pdq.net,
      bettynance@dellnet.com, abraham5@flash.net, cashley@poha.com,
      WMontg6626@aol.com, dana.davis@enron.com, dimoore@airmail.net,
      denise.moore@dhs.state.tx, gijack3@hotmail.com,
      grace.jackson@alz.org, dchildre@kuht.uh.edu
cc:
Subject:  Re: Bridal Shower

 I'm resending this email because it appears that I am having problems
forwarding
 to my sisters email address. The address is
kathy_d_lacy@reliantenergy.com.
If you care to respond, please remember to copy me as well  and I'm sure
one
of us will get the information. For those of you who did receive this email
the first time please scroll down.

Thank you
Edith:-)


Please see attached. Have a good weekend.

Seabron

This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(617) 354-0060 and permanently delete the original and any copy of any
e-mail and any printout thereof.

Seabron Adamson
Frontier Economics Inc
Two Brattle Square
Cambridge, MA 02138 USA
Ph:  (617) 354-0060
Fax: (617) 354-0640
seabron.adamson@frontier-economics.com

www.frontier-economics.com

 - 01-03-09-SA Draft outline for principles paper.doc


Mike, since Terry is out this week, can you take the lead to find out
status of this report as you are checking to consistency with this report
and the automation of the storage report.  Let's discuss on Tuesday.  Thanks. Lynn
---------------------- Forwarded by Lynn Blair/ET&S/Enron on 06/24/2001 02:51 PM ---------------------------
From:	Don Powell/ENRON@enronxgate on 06/12/2001 08:52 AM
To:	Don Powell/ENRON@enronxgate, Lynn Blair/ET&S/Enron@ENRON, John Buchanan/ET&S/Enron@ENRON, Alice Johnson/ET&S/Enron@ENRON, Gary Spraggins/ET&S/Enron@ENRON, Dale Ratliff/ENRON@enronXgate, Steven January/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, Bill Fowler/ENRON@enronXgate, Angela Sayegh/ENRON@enronXgate
cc:	Ken Powers/ENRON@enronxgate, Steve Gilbert/ENRON@enronxgate, Lisa Sawyer/ENRON@enronXgate

Subject:	RE: Modification to the new daily SCADA Report

Here are the stored procedures with their parameters in parenthesis.  Most of them are single selects and could be incorporated into SQL in the Excel add-in if desired.  I thought stored procedures would make it easier to separate support for the add-in from support for the code.  The stored procedures are all on the server ETSADHOC, database adhoctest, under my id (dpowell).  I think we want to get the DBA's to move these into a production environment so they are protected (ie: dbo in the etsadhoc database)?

 1. NNG Storage FDD/IDD, SBA, & Swing
	FDD:	ETSMorningReportFDD (date)
	IDD:	ETSMorningReportIDD (date)
	SBA:	ETSMorningReportSBA (date)
	Swing:	above (+/-)
		ETSMorningReportSales (date)
		ETSMorningReportPurchases (date)

 2. NNG Point Specific Operational Capacity
	ETSMorningReportOperCapacity (date, poi, role)

 3. NNG Point Specific Current Month Imbalance
	ETSMorningReportSchdImbalance (date, poi)

 4. NNG Point Specific Imbalance Prior to Current Month
	No yet available


What does this mean?  No record of Panther Pipeline in any of the fifty
states?  Is it a dba?


Group-

Just in case you don't have it, this is the website location to choose
primary or backup to the ISO.  Bookmark, save it, whatever.
But keep it because this is info that you will need.

file:///W|/ISO_SI/ISOLOCATION.HTML

Cheers


Here is the ultimate indignity.  just talked to IEP.  They are planning to file a complaint at FERC -- we agreed -- the best idea is to get some media play first though.  IEP press conference later today will address the continuing non-payment issue.

-----Original Message-----
From: CRCommunications [mailto:CRCommunications@caiso.com]
Sent: Tuesday, September 04, 2001 3:50 PM
To: SC Settlements Contacts; ISO Market Participants
Cc: Waas, Gene
Subject: CAISO Notice - Temporary Suspension of Preliminary Market
Invoices

ISO Market Participants
SC Settlement Contacts
On August 30, 2001, the ISO distributed a notice indicating that it would
suspend until further notice making cash distributions based on preliminary
invoices.  The Notice further indicated that this practice will be effective
for the June, 2001 and subsequent preliminary invoices until the ISO issues
a further Market Notice addressing cash distributions based on preliminary
invoices.
The ISO has determined that, effective for a temporary period beginning with
the July 2001 trade month, it is appropriate not only to defer ISO cash
distributions based on preliminary invoices but also to defer issuance of
the preliminary invoices themselves.  Thus, the ISO will neither collect nor
disperse funds until the final invoice is prepared and distributed.
Beginning with the July 2001 trade month, and until the ISO issues a further
Market Notice addressing preliminary invoices, the ISO will issue a single
monthly invoice on the date that it issues the Final Settlement Statement
for the last Trade Day of the calendar month.  The ISO intends to distribute
market payments received based on this single invoice within five business
days from the final payment date specified on the invoice.
This suspension of the "two invoice" settlements approach is a temporary
action which the ISO has determined it must take to address the problems
created not only by recent large adjustments between preliminary and final
invoices but also by Scheduling Coordinators that have failed to make full
or timely payments on preliminary invoices due to unauthorized "netting" or
other practices that are contrary to their payment obligations.  The ISO is
considering how best to solve these problems permanently and will issue a
subsequent Market Notice concerning this issue within two months.
As noted in the August 30 Notice, the ISO will be filing Tariff revisions
with FERC to reflect these changes.
Client Relations Communications
CRCommunications@caiso.com


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 07/27/2000
05:40 PM ---------------------------

Zimin Lu
07/27/2000 03:08 PM
To: Anjam Ahmad/LON/ECT@ECT
cc: Stinson Gibner/HOU/ECT@ECT (bcc: Vince J Kaminski/HOU/ECT)
Subject: Re: Aluminium Asian Digital Options

Anjam,

We can use moment matching to find the "effective" volatility and dividend
yield for the average.
Then we can apply the European digital option formula.   Attached please find
the c-code I did
for  Asian spread option, when I find the effective vol and drift for both
averages then find the option
value by calling the European spread option.  You can do just the same for
the Asian digital option.

It would be nice to do a Monte-Carlo, just checking the accuracy of the
approximation.

It was nice to have you here, we are impressed by the work you have done.
Keep up the good work.

Zimin

	Enron Capital & Trade Resources Corp. - Europe

	From:  Anjam Ahmad                           07/27/2000 10:14 AM

To: Zimin Lu/HOU/ECT@ECT
cc:
Subject: Aluminium Asian Digital Options

Hi Zimin,

Russell Placket of MG Metals just talked to me about the issue of pricing a
strip of twelve monthly Asian digital options on LME aluminium.  As I
understand, the payoff to the customer is a fixed cash amount that wil be
paid if the average of the closing prices of aluminium for a month are
greater than the strike agreed in advance, where holiday days do not
contribute to the average.

Russell mentioned that this would be a set of 12 monthly options starting in
Jan-01, and that the LME price for Jan-01 of $1572.5 (which is the future
converging to the spot price on the 3rd Wednesday in Jan 01) can be used as a
proxy/estimate for the average for the month.

Do you have a model for asian digitals or should I proceed with Monte Carlo
to price this, maybe using European digital option model as control variate?

Thanks,

Anjam
x35383


Good Morning,

Just a reminder to get your AGA estimates in by Noon EST (11:00 CST).

Last Year      - 97
Last Week      + 7

Thank You,
Daryl Dworkin
BNP PARIBAS Commodity Futures, Inc.

_____________________________________________________________________________________________________________________________________

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Attached is PIRA's latest "Gas Flash Weekly."

If you have any questions regarding the report's content, please contact:
Greg Shuttlesworth (email: greg@pira.com), Tom Howard (email:
tazh@pira.com), Richard Redash (email: Rich@pira.com), Nobu Tarui (email:
nobuo@pira.com) or Jane Hsu (email: jane@pira.com), at (212) 686-6808.

Contact John Graziano regarding PIRA report distribution and address changes
at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Gas Flash Weekly" outside a Client's licensed
distribution area is strictly prohibited. Clients that are unsure of their
licensed distribution or require an extension of their current license
should contact their PIRA sales representative, or email to sales@pira.com.

PIRA Energy Group

 - aga060601.pdf
 - canbal.xls


Jeff,

Lets make dinner plans to discuss this.....Just kidding.  While Scott was here, we arranged for him to be included in the Oct 29th Trading Track interviews.  This seems to be the best thing for him given that he really wants to become a trader.  Once in the program, he'll have 4 rotations (6 months each), some of these would likely be on the west desk.

Mike and I have talked and both agree that it makes good sense for Scott to join west gas given his experience in Portland.  However, the only hitch is that Mike cannot unilaterally decide to bring Scott to the desk.  He will need to negotiate this with the other desk heads and the program director.  This should not be an issue.

Keith

 -----Original Message-----
From: 	Richter, Jeff
Sent:	Tuesday, October 16, 2001 8:02 AM
To:	Holst, Keith
Subject:	Scott Freeman

Keith,

Just wanted to follow up with your group regarding the possibility of Scott Freeman working in your group starting in January.  Either give me a call or send me an email.

Thanks for talking with him last week.

Richter

Jeff Richter                            503.464.3917 (w-pdx)
Enron North America                            503.701.6488 (c)
West Power Services                          503.464.3740 (fax)
121 SW Salmon Street 3WTC0306       jeff.richter@enron.com
Portland, Oregon  97204


Andy,

As you might expect in this market environment, valuations are down
significantly from our last round.  I expect we'll be south of $50mm.  We've
slashed our expenses so we won't have to take as much $$ at such a low
valuation.  We only need $5mm to $10mm to get us through to the other side.
At these prices, I expect certain of our existing shareholders to step up.
Just as there was a disconnection between underlying fundamentals and
valuations in the first half of 2000, I feel like there is now a disconnect
on the downside.  Operationally, we're ahead of plan and looking at
profitablity in the third quarter, but most VCs are licking their wounds and
frozen.  They are a bunch of lemmings.  I won't have specific dilution
figures until we firm up the round.  Obviously, I want to sell as little of
the company as possible in this market.  I'll keep you posted.

I'm also working on a proposal on the global strategy I mentioned to you and
Louise in our meeting.  Will have something to share with you in early Feb.

Please keep all this confidential.  I'm headed to Europe later this
afternoon, but will be back on Wednesday if you want to talk.

Best regards,
Frank

-----Original Message-----
From: Andy.Zipper@enron.com [mailto:Andy.Zipper@enron.com]
Sent: Monday, January 22, 2001 10:49 AM
To: Frank Getman, HSE
Subject: RE: VC contact?

Frank,

For reference, what value does the round of financing you are working on
place on HoustonStreet and how much dilution do you anticipate ?


When: Thursday, November 01, 2001 9:00 AM-10:00 AM (GMT-06:00) Central Time (US & Canada).
Where: EB 32C2

*~*~*~*~*~*~*~*~*~*

Please plan to attend the following meeting with Jeff Hodge:

Subject:		ENA Master Contracts
Date:			Thursday, November 1, 2001
Time:			9:00 - 10:00
Location:		EB 32C2

* Pastries, Bagels, fruit, juice and coffee provided.


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

 - 10-26 1100 Report.xls


Tom Swank, the originator and I sat down with Bruce Golden and went through
the porject cost numbers for the GE 7FA combined cycle facility.  At this
point we need to claculate FOM and VOM and other operating expenses.  We feel
pretty good about the project cost numbers.  Let me know if you need more
info than I have already given you.  Bruce Golden has the soft copy of the
project cost numbers.  Thanks
Ben


Now available on the intranet is the EWS Legal Website, called "LegalOnline"
and found at http://legalonline.corp.enron.com.

The site was developed in accordance with our overall technology plan to
provide a means of organization and communication within our department.  At
the present time, there are a few areas still under construction - Phase II
areas - and other areas that have been reserved for future growth.  The
information currently provided is base information which will be expanded
during the later part of this quarter.  Also, suggestions and comments are
welcome through the "Feedback" area or by e-mailing me directly.

So take the site for a test drive and let's see what you think.

Special thanks for assistance with this project goes to Ed Hearn, Michelle
Cash, Nony Flores, Jim Grace and Jeanette Elbertson.

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


plz call asap re: dow reporter called to talk ISO peakers.  thx, jeff
415.782.7822


Good question - I will ring you after I have spoken to her.

Geoff Storey
03/19/2001 04:01 PM
To:	Louise Kitchen/HOU/ECT@ECT
cc:

Subject:	RE: GTV II

I agree with your statements on phase II. I'll start working on the priorities and requirements.

Also, what is the status of Colleen?

Geof

Louise Kitchen
03/19/2001 11:14 AM
To:	Zhiyong Wei/ENRON@enronXgate @ ENRON
cc:	Stephen Stock/ENRON@enronXgate@ENRON, Geoff Storey/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Beth Perlman/ENRON@enronXgate@ENRON, Philippe A Bibi/ENRON@enronXgate@ENRON
Subject:	RE: GTV II

Comments:

Zhiyong Wei to be added to signature lists.
Timeline to include production dates - ie include UAT and production roll-out dates.
Dependencies - where there are dependencies on other groups (any interaction required with any group outside of Zheiyong's), these need to be highlighted and a representative from that group needs to sign off on that portion of the timeline ( a representative can not be below Director level in the organiztion).

There are clearly many people rolling off early in this project who can be utilized for Phase II - I would suggest the specfication for Phase II is completed in the very near future as the majority of the work in this is done in the very short term by the developers and it moves to the test team.

Please re-issue today.

Louise

From:	Zhiyong Wei/ENRON@enronXgate on 03/16/2001 12:34 PM
To:	Louise Kitchen/HOU/ECT@ECT
cc:	Stephen Stock/ENRON@enronXgate, Geoff Storey/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Beth Perlman/ENRON@enronXgate, Philippe A Bibi/ENRON@enronXgate

Subject:	RE: GTV II

Louise,

Attached please find the inception document requested. I would greatly appreciated your comments. I will be consulting Colleen and Geoff for any necessary revision. I will be requesting signatures on Wednesday afternoon, March 21.

Thanks

Zhiyong

 -----Original Message-----
From: 	Schoppe, Tammie   On Behalf Of Kitchen, Louise
Sent:	Tuesday, March 13, 2001 4:24 PM
To:	Wei, Zhiyong
Cc:	Stock, Stephen; Storey, Geoff; Sullivan, Colleen; Perlman, Beth; Bibi, Philippe A.
Subject:	GTV II

I understand we have now finalized 90% requirements on the GTV II.

Please could we pull together the format inception document this week for signature on your meeting next week with Geof and Colleen.

Document to include all requirements, dependencies and timelines.

I would suggest whoever is writing this spend some time with Geof this week.

Please circulate to draft all listed above including me.

Thanks,

Louise

<Embedded StdOleLink>
<Embedded StdOleLink>


Mark: Have you had a chance to visit with Mary and/or Sara regarding our
working lunch presentation in the Swaps arena for my Group (and, perhaps,
others)?

Please let me know at your convenience.
Thanks.
Jordan


FYI
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 06/07/2000 05:24 PM -----

	Veronica Valdez
	06/06/2000 03:49 PM

		 To: Jeffrey T Hodge/HOU/ECT@ECT
		 cc:
		 Subject: Risk Management Policy

Per Ted Murphy, attached is the Risk Management Policy.

Veronica x31881


Vacation - 7/5-6
Customer Trip 7/7

It's going to be so hard begin away from you on these days.  I am really not
looking forward to my vacation.

D

	From:  Yvette G Connevey @ ENRON                           06/21/2000 10:41 AM

To: Ami Chokshi/Corp/Enron@ENRON, Julie Meyers/HOU/ECT@ECT, Michael
Walters/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT,
David Baumbach/HOU/ECT@ECT, Jody Crook/Corp/Enron@ENRON, Lisa
Csikos/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT,
Rita Wynne/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON, Michael Eiben/HOU/ECT@ECT
cc:
Subject: July Vacation

Please submit your July vacation as soon as possible.

Thank You!
Y


This will be fine


Is this the right Mike Miller, did you go to LJM or are you still here?


---------------------- Forwarded by Andrea Ring/HOU/ECT on 05/01/2001 12:43
PM ---------------------------

	From:  Karen D McIlvoy                           04/26/2001 12:16 PM

To: jadd202@aol.com, hghanley@aol.com, Jmcilvoy@houston.rr.com,
mthiry@entergy.com, Dana Namer/Corp/Enron@ENRON, Andrea Ring/HOU/ECT,
gseay@reliantenergy.com
cc:
Subject: Advice to Give Your Daughters

---------------------- Forwarded by Karen D McIlvoy/HOU/ECT on 04/26/2001
12:15 PM ---------------------------

Elizabeth Rivera@ENRON
04/19/2001 07:46 AM
To: Liz Hillman/Corp/Enron@Enron, Tricia DeSpain/Enron@EnronXGate
cc:  (bcc: Karen D McIlvoy/HOU/ECT)
Subject: Advice to Give Your Daughters

ADVICE TO GIVE YOUR DAUGHTERS

1.  Don't imagine you can change a man, unless he's in diapers.

2.  What do you do if your boyfriend walks out? You shut the door.

3.  If they put a man on the moon, they should be able to put them
all up there.

4.  Never let your man's mind wander, it's too little to be out alone.

5.  Go for younger men. You might as well, they never mature anyway.

6.  Men are all the same, they just have different faces, so that you
can tell them apart.

7.  Definition of a bachelor; a man who has missed the opportunity to
make some woman miserable.

8.  Women don't make fools of men, most of them are the do it
yourself types.

9.  Best way to get a man to do something is to suggest they are too
old for it.

10. Love is blind, but marriage is a real eye-opener.

11. If you want a committed man, look in a mental hospital.

12. The children of Israel wandered around the desert for 40 years.
Even in biblical times, men       wouldn't ask for directions.

13. If he asks what sort of books you're interested in, tell him
checkbooks.

14. Remember a sense of humor does not mean that you tell him jokes,
it means that you laugh at     his.

15. Sadly, all men are created equal.


Here's a follow-up to our SABIC conversations.

 Doug did a great job on pitching Enron Online and answering all of their
questions. I pushed them hard over lunch about the next step and how we get
them to use Enron Online. I couldn't figure out why they were so hesitant
until Mohammad told me they were (I think I heard him right) equity investors
in Chem Connect. Quite simply, they know they made a mistake and need some
time to explain why they would invest in one system but want to use another.
What I need to do is follow up with a letter touting why they need to use
Enron Online and why is doesn't conflict with Chem Connect.

There is another way we can continue to solidify our relationship: In late
June their operations planning group will be in Houston (25-29). The
Operations Planning and Economics Studies Group is headed by Vice President
Al-Sadhan and would like to benchmark our operations, planning, budgeting and
performance reporting. They are looking for a broad overview and I think we
can put together a visit  that sells Enron as a partner. The more SABIC
people exposed to us the better chance we have to make in roads. Who should I
work with on setting up what should be no more than a 2-3 hour visit?

Finally, I should update you on Saudi and the gas initiative. As you know,
when Oxy/Enron was invited into the Kingdom, SABIC approached me to partner
in the downstream portion of the project. Since that time, Enron has had to
notify the Saudi's that Oxy will be the lead, that we will not contribute an
equity or directly participate in any segment of the project,  we will have
an advisory role and will not sign the MOU on June 3. It looks like the Saudi
reaction was to replace us with Marathon which is causing some heartburn with
Oxy as they sort out partnership shares, Oxy not wanting to drop below their
30%.  I have talked to Oxy about SABIC and think I can  keep SABIC's
partnership interest alive. It is just a very delicate situation right now
and Enron needs to stay quietly on the side lines until the signing on June
3.


It was very small and petty of me, but I couldn't resist.  Start with the
last message and work your way up to get the full story.

Good luck studying,
Susan

---------------------- Forwarded by Susan M Scott/HOU/ECT on 11/27/2000 02:20
PM ---------------------------

Susan M Scott
11/27/2000 01:54 PM
To: Ted Noble/HOU/ECT@ECT
cc:
Subject: Re: Hind-sight's 20/20

Although, as a women, "cojones" aren't necessarily the best attribute to
have...there never has been, nor will there ever be a question of my
possessing them - even you would have to concede that much.  As for the bet,
if I recall correctly (and I always do) someone once said they had a little
bit of a "problem" gambling and I could not in good conscious have acted as
an enabler.  And, a true fan (longhorn or not) is there through the good
times and the bad and believe me I been there through it all (a degrading
loss to your alma mater, as well as an unbelievably beautiful victory over
Nebraska) always managing to stick it out no matter how bleak things got.
Speaking of which it must sting being beat by the last place team in your
conference...but I'm sure the Pac-10's record against non-conference
opponents is really helping to ease that blow.  Speaking of feather's in the
conference cap, looks like our next national champion is going to be from the
Big 12 - will wonders never cease.

My Monday is going great, thank you very much and I will show extreme
restraint and refrain from any Chips comments ( Besides, I don't have time to
type that much ).  UCLA could stand a chance next year if the NFL doesn't
prove too tempting to some of your vets...how does that saying go,  "Like
rats fleeing a sinking ship?"

Ted Noble
11/27/2000 01:18 PM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Re: Hind-sight's 20/20

This email would have been impressive if you had the "cojones" to bet
up-front but being a true longhorn fan explains your lack of spine.  I don't
think Texas is that good rather A&M is that bad.  Besides, we all know that
the Pac-10 had the best record against non-conference opponents.  UCLA will
dominate next year and Texas will be forced to play second fiddle to the
likes of Oklahoma, Nebraska, Kansas State etc.  yet again.  I hope your
Thanksgiving went well and you had some fun in Austin.  I will give you
credit on one thing, the vest is a no-no and my days of playing Chip are over
(the vest is being given to an aggie - those cult like people).  No old age
references to the show Chips because that would just be mean.  I hope your
Monday is going well.

ps: I was rooting for the Longhorns and I am glad they waxed the Aggies.

Susan M Scott
11/27/2000 11:42 AM
To: Ted Noble/HOU/ECT@ECT
cc:
Subject: Hind-sight's 20/20

Well, given the impressive results of Friday's game, I suppose I should've
taken the bet...I mean I knew we were good, but I didn't realize we were THAT
good.  Watching the game I couldn't help but remember some comments made not
too long ago about this being a building season and that the Horns would be a
force to be reckoned with come the next two seasons - - I love it when I'm
right.  With an increasingly more confident sophomore quarterback leading the
charge and three (count them three) very mature freshman receivers all eager
to make big plays, not to mention last year's top quarterback recruit Chance
Mock serving as a back-up, next season promises to be something to watch.  My
condolences on your prospects not looking quite as bright .

Hope you had a nice Thanksgiving and good luck helping all of your Aggie
co-workers through this trying time.

Susan

(Oh and Chip, I'd store the Gig'em sweater-vest away for the next 360 days or
so if you want to avoid any post-game ridicule...in a round about way you are
an "Ag" man now.)


----- Forwarded by Mark Taylor/HOU/ECT on 09/20/2000 09:14 AM -----

	Alfred Pennisi@MGUSA
	09/19/2000 01:41 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: NYMEX Employee

Mark, how are you? Thanks again for taking the time to meet with us last
week. While I am preparing information to send to you I thought you might
like to know that yesterday I played golf with Bernie Purta of the NYMEX. He
indicated to me that he is still a loyal employee of the NYMEX.

If you have any questions please let me know.

regards,

Alfred Pennisi
MG London Inc.
520 Madison Avenue
28th Floor
New York, NY 10022
Tel: 212.715.5845
E-mail: alfred.pennisi@mglondon.com


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/30/99
12:58 PM ---------------------------

Clayton Vernon@ENRON
12/27/99 08:27 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: natural gas production

Vince-

I spoke with Roy Kass of the Energy Information Agency this morning. Apart
from clarifying the timeliness, or lack thereof, of the published
state-specific wellhead production estimates, he indicates their scientists
find severe weather in the fields (freezes, hurricanes) to be a far more
significant issue in production, and in wellhead prices, than is severe
weather in the Northeast, for instance. Also, he agrees with you as to there
being strictly increasing marginal costs in production, there being a rich
texture of wells in terms of their efficiency, technologies, maintenance and
investment issues.

Clayton


Tomorrow there will be a cleaning of the refrigerator, items will be thrown away if not claimed.  If you have any food or condiments you would like to keep please claim them by tonight (Thurs. 1/3/02), take them home or put a note on it that says please don't throw away with todays date.

Thank you,
Jill & Theresa


Julie,

The introduction looks fine. I have made some cosmetic changes
(typos and split infinitives that slipped by). You can safely ignore most of
them.
English is not even my second language.

The corrections are in pink.

Vince

"Julie" <julie@lacima.co.uk> on 08/01/2000 07:43:10 AM
To: "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject: Preface for book

Vince,
?
Hope you are well.
?
We spoke a while ago about who should write the preface for the book, and
you kindly offered that you would provide this.? Is this still  possible?? We
realise that you are extremely busy, so Chris and Les went  ahead and wrote
something, which is below, and if you want to review, change or  re-write?the
preface, that would be very appreciated.? Let me know  what your thoughts are.
?
Thanks,
Julie
(we're getting close)
?
?

Preface

?

?

?

One of our main objectives in  writing Energy Derivatives: Pricing and Risk
Management has been to bring  together as many of the various approaches for
the pricing and risk management  energy derivatives as possible, to discuss
in-depth the models, and to show how  they relate to each other.? In this
way we hope to help the reader to analyse the different models, price a wide
range of energy derivatives, or to build a risk management system which uses
a  consistent modelling framework.? We  believe that for practitioners this
last point is very important and we continue  to stress in our articles and
presentations the dangers of having flawed risk  management and giving
arbitrage opportunities to your competitors by using  ad-hoc and inconsistent
models for different instruments and markets (see also OTHERS WHO PROPOSE
CONSISTENT  MODELS?).? However, it is not  our wish to concentrate on one
particular model or models, at the exclusion of  the others because we
believe that the choice should rest with the user  (although it will probably
be clear from our discussions the model(s) we  prefer).? We therefore try and
give  as clear account as possible of the advantage and disadvantages of all
the  models so that the reader can make an informed choice as to the models
which  best suit their needs.

?

In order to meet our objectives the  book is divided into 11 chapters.?  In
chapter 1 we give an overview of the fundamental principals needed to  model
and price energy derivatives which will underpin the remainder of the  book.?
In addition to introducing  the techniques that underlie the Black-Scholes
modelling framework we outline  the numerical techniques of trinomial trees
and Monte Carlo simulation for  derivative pricing, which are used throughout
the book.

?

In Chapter 2 we discuss the  analysis of spot energy prices.? As  well as
analysing empirical price movements we propose a number of processes  that
can be used to model the prices.?  We look at the well-know process of
Geometric Brownian Motion as well as  mean reversion, stochastic volatility
and jump processes, discussing each and  showing how they can be simulated
and their parameters estimated.

?

Chapter 3, written by Vince  Kaminski, Grant Masson and Ronnie Chahal of
Enron Corp., discusses volatility  estimation in energy commodity markets.?
This chapter builds on the previous one.? It examines in detail the methods,
merits and pitfalls of the volatility estimation process assuming different
pricing models introduced in chapter 2.?  Examples from crude, gas, and
electricity markets are used to illustrate  the technical and interpretative
aspects of calculating volatility.

?

Chapter 4 examines forward curves  in the energy markets.? Although  such
curves are well understood and straight-forward in the most financial
markets, the difficulty of storage in many energy markets leads to less well
defined curves.? In this chapter we  describe forward price bounds for energy
prices and the building of forward  curves from market instruments.? We
outline the three main approaches which have been applied to building
forward  curves in energy markets; the arbitrage approach, the econometric
approach, and  deriving analytical values by modelling underlying stochastic
factors.

?

Chapter 5 presents an overview of  structures found in the energy derivative
markets and discusses their uses.? Examples of products analysed in this
chapter include a variety of swaps, caps, floors and collars, as well as
energy  swaptions, compound options, Asian options, barrier options, lookback
options,  and ladder options.

?

Chapter 6 investigates single and  multi-factor models of the energy spot
price and the pricing of some standard  energy derivatives.? Closed form
solutions for forward prices, forward volatilities, and European option
prices  both on the spot and forwards are derived and presented for all the
models in  this chapter including a three factor, stochastic convenience
yield and interest  rate model.

?

Chapter 7 shows how the prices of  path dependent and American style options
can be evaluated for the models in  Chapter 6.? Simulation schemes are
developed for the evaluation of European style options and applied to a
variety  of path dependent options.? In order  to price options which
incorporate early exercise opportunities, a trinomial  tree scheme is
developed.? This tree  is built to be consistent with the observed forward
curve and can be used to  price exotic as well as standard European and
American style options.

?

Chapter 8 describes a methodology  for valuing energy options based on
modelling the whole of the market observed  forward curve.? The approach
results  in a multi-factor model that is able to realistically capture the
evolution of a  wide range of energy forward curves.?  The user defined
volatility structures can be of an extremely general  form.? Closed-form
solutions are  developed for pricing standard European options, and efficient
Monte Carlo  schemes are presented for pricing exotic options.? The chapter
closes with a discussion of  the valuation of American style options.

?

Chapter 9 focuses on the risk  management of energy derivative positions.?
In this chapter we discuss the management of price risk for institutions
that trade options or other derivatives and who are then faced with the
problem  of managing the risk through time.?  We begin with delta hedging a
portfolio containing derivatives and look  at extensions to gamma hedging )
illustrating the techniques using both spot and  forward curve models.? The
general  model presented in Chapter 8 is ideally suited to multi-factor
hedging of a  portfolio of energy derivatives and this is also discussed.

?

Chapter 10 examines the key risk  management concept of Value at Risk (VaR)
applied to portfolios containing  energy derivative products.? After
discussing the concept of the measure, we look at how the key inputs
(volatilities, covariances, correlations, etc) can be estimated.? We then
compare the fours major  methodologies for computing VaR; Delta, Delta-gamma,
historical simulation and  Monte-Carlo simulation, applying each to the same
portfolio of energy  options.? In this chapter we also  look at testing the
VaR estimates for various underlying energy market  variables.

?

Finally, in Chapter 11 we review  modelling approaches to credit risk.?  We
look in detail at two quite different approaches, CreditMetrics (J. P. Morgan
(1997)) and  CreditRisk+ (Credit Suisse Financial  Products (1997)) for which
detailed information is publicly available.? Together these provide an
extensive set  of tools with which to measure credit risk.? We present
numerical examples of  applying these techniques to energy derivatives.

?
Before  we begin we stress that the models and methods we present in this
book are tools  which should be used with the benefit of an understanding of
how both the +tool,  and the market works.? The  techniques we describe are
certainly not &magic wands8 which can be waved at  data and risk management
problems to provide instant and perfect solutions.? To quote from the
RiskMetrics Technical  Document &( no amount of sophisticated analytics will
replace experience and  professional judgement in managing risk.8.?  However,
the right tools, correctly used make the job a lot  easier!


FYI, we decided to extend the deadline for submitting comments to Wednesday
noon, September 20.? Thanks.

-----Original Message-----
From:?? Suwara, J.- TPJUS
Sent:?? Monday, September 18, 2000 10:02 AM
To:???? 'Amirault, Paul@AEC'; 'Baldwin, Mark@IGS'; 'Beach,
Thomas@Crossborder'; 'Bettwy, Andy@SW'; 'Binger, Gary@ABAG'; 'Blue,
Greg@Dynegy'; 'Brady, Matthew V'; 'Burkholder, John@WHP-Beta'; 'Cattermole,
John@PanCanadian'; 'Chan, Alvin@LADWP'; 'Chancellor, Craig@Calpine';
'Counihan, Rick@Green Mountain'; 'Cragg, Brian@gmssr'; 'Dame, Donald@NCPA';
'Davis, Ronald@Burbank'; 'Day, Michael@GMSSR'; 'Dill, Thomas@WHP-Lodi';
'Dingwall, Brian@UEM'; 'Elsesser, Evelyn@IP'; 'Farrar, Darwin@CPUC';
'Finigan, Dave@ABAG'; 'Gileau, Patrick@CPUC'; Sullivan, Glen J.; 'Hawiger,
Marcel@TURN'; 'Hensman, Kevan@Aera'; 'Hernandez, Jose@LIF'; 'Hightower,
Rufus@Pasadena'; 'Hilen, Christopher@Reliant'; 'Hinners, G@Reliant';
'How-Downing, Lindsey@dwt'; 'Ing, Gloria@SCE'; 'Jaske, Michael@CEC';
'Jimison, John'; 'Joseph, Marc@CCUE'; 'Jun, Christine@aelaw'; 'Karp,
Joseph@Whitecase'; 'Katz, Stefanie@SET'; 'Kelly, Steven@IEPA'; 'Kolling,
Grant@Palo Alto'; 'Leslie, John@Luce'; 'Maan, Raveen@palo alto'; 'McCrea,
Keith@CIG/CM'; 'McTarnaghan, James@gmssr'; 'Moench, Mark@KR'; 'Oechsler,
Ronald@Navigant'; 'O'Neill, Edward@EPNG'; 'Paul, Joe@Dynegy'; 'Pedersen,
Norm@SCGC'; 'Pelote, Roger@Williams'; 'Pettinato, Bob@LADWP'; 'Pocta,
Mark@ORA'; 'Poole, Edward@Anderson'; 'Porter, Doug@SCE'; 'Power, Patrick@LB';
'Reid, Al@PanCanadian'; 'Rochman, Michael@CUB'; 'Rochman, Michael@SPURR';
'Scott, Susan@TW'; 'Skaff, Andy@Dynegy'; 'Tachera, Jennifer@CEC'; 'Thompson,
Mike'; 'Walley, John@SWGas'; 'Weil, James@Aglet'; 'Wood, Bill@CEC'; 'Worster,
Gerard@TXU'; 'Yap, Cathy E.'; 'Yip, Kelvin@SEC'

Cc:???? Sullivan, Glen J.; Lorenz, Lad - TPLPL; Betonte, Robert - TP2RSB;
Follett, B. David - TPDBF; Angeles, Zenee G. - TPZGA; Schavrien, Lee

Subject:??????? FINAL Language Changes for GIR Settlement

Attached for your review and comment are the final changes to the
Comprehensive Settlement due to the withdrawal of Altra.? Please provide your
comments by noon, Tuesday, September 19, 2000.? Thanks.

?<< File: settlementrevTPSP.doc >> ????? << File: ld2d-#75672-1.DOC >>? <<
File: ld2d-#75690-1.DOC >>


"The Impact of Retail Rate Deregulation on Electricity Consumption in San
Diego" (April 2001)
PWP-082 by James B. Bushnell and Erin T. Mansur
Retail electricity rates in the San Diego Gas & Electric service territory
more than doubled over a period of three months during the summer of 2000.
Much of this increase was subsequently rescinded through a retroactive rate
freeze. We examine the impact of these events on overall consumption levels
in San Diego. We find that average electricity consumption decreased by
roughly 55 MW, or 1.6%, between mid-July and the end of August. Demand was
reduced by over 6% in the late afternoon and late evening. Because of the
uncertainty about the duration and the credibility of the rate increase,
these results should be viewed as a lower bound on the demand reductions that
could be achieved through pricing incentives.

Download this paper in Adobe Acrobat format:
http://www.ucei.org/PDF/pwp082.pdf


The UBSW Energy on-line products should be limited to the locations below through 2003 only.   Off-Peak markets will be only in NY, PJM, NEPOOL, and ERCOT.

NEPOOL PTF
NY Zone J (FP and Basis)
NY Zone G
NY Zone A
Ontario (FP and Basis)
PJM East Hub (FP and Basis)
PJM West Hub
PJM West (Basis)
Cinergy
Com-Ed (FP and Basis)
TVA (FP and Basis)
Entergy (FP and Basis)
SOCO
ERCOT South (FP)
ERCOT North (Basis)

Casey - Please see above the markets that will be Fixed Price (1-30 day market) and Basis/Spread (forwards).

Kevin Presto
Vice President, East Power Trading
Phone:  713-853-5035
Cell:  713-854-3923
Fax:  713-646-8272


From Mon.

----- Original Message -----
From: <mon.y.sellers@us.andersen.com>
To: <perry.l.sellers@us.andersen.com>; <lokay@bigfoot.com>
Sent: Friday, November 16, 2001 10:32 AM
Subject: A&M Football Scare

Texas A&M football practice was delayed this morning for nearly two hours.
One of the players, while on the way to the locker room happened to look
down and notice a suspicious looking, unknown powdery substance on the
practice field. Head coach R.C. Slocum immediately suspended practice while
the FBI was called in to investigate. After a complete field analysis, the
FBI determined that thewhite substance unknown to the players was actually
the goal line.  Practice resumed when the FBI agents decided that the team
was not likely to encounter the substance again.

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it is his spitting image.  maybe he can grow up to be an overrated nfl qb
just like his dad

To: Bryan Hull/HOU/ECT@ECT
cc: Eric Bass/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Harry Bucalo/HOU/ECT@ECT, George Hope/HOU/ECT@ECT,
Michael Walters/HOU/ECT@ECT, Bill Kyle/NA/Enron@Enron
Subject: Re: John Elway's baby

is that supposed to be funny?


Richard,
 The GTC is okay to send out for this deal; however, please note the change
that must be made to the Delivery Point for this deal.  Call if you have any
questions.
 In the future please advise Barbara Gray of any supply deals at points where
an interconnection with HPL is possible, excluding EOL transactions of less
than one month.

	Richard Deming/ENRON@enronXgate
	06/07/2001 02:22 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: ONEOK Energy Marketing and Trading Company

Dan,

Please find below details of Phy Gas deals with GTC agreements:

Deal Date: 6/06/01
Deal No: VF1896 / 835431
Buyer: ENA
Seller: ONEOK Energy Marketing and Trading Company
Start Date: 7/01/01
End Date: 6/30/02
Firm
Volume: 10,000 / day
Price: HOU.SHIP-LGPKG.IF.M.I minus USD 0.03000
Delivery Point:  Exxon Katy - Katy Tailgate into one or more of the following
pipelines:  TXU Lone Star; Tejas; El Paso;   Dow.

Please let me know if you need any more details.

Thanks,
Richard
x54886


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KEYWORD:          Washington
INDUSTRY KEYWORD: FOD
MLM
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In order to continually develop and make improvements to the functionality of EnronOnline we are rolling out several changes tonight, which will be in effect on Monday August 20, 2001. Some of these changes will affect Stack Manager while others affect the Website. A summary of these changes is listed below.

Stack Manager Changes

Top of Stack limit orders - This feature will allow the price submitted via limit orders to be displayed on the website if their bid or offer is better than the trader's stack price. Stack Manger will list the price and the names of counterparties submitting such orders on the  floated stack window.  Orders will be queued by price and time stamp. When a counterparty trades on a " Top of Stack Entry" it will create back to back transactions; one between Enron and the counterparty submitting the order, and the other between Enron and the counterparty clicking on the website.

In order to turn on this functionality select the " Allowed Top of Stack" option, in the Orders section of the product properties page.  If regular limit order functionality is desired the "Allowed"  option should be selected.

Please note that this feature will be released in a disabled mode and will be turned on sometime next week after determining which business units want to roll this out.

Restricted Top of Stack limit orders - This feature will allow the price submitted only by internal traders via limit orders to be displayed on the website if their bid or offer is better than the trader's stack price. Stack Manger will list price and the names of counterparties submitting such orders on the  floated stack window.  Orders will be queued by price and time stamp. When a counterparty trades on a " Top of Stack Entry" it will create back to back transactions one between Enron and the counterparty submitting the order, and the other between Enron and the counterparty clicking on the website.

In order to turn on this functionality select the " allowed as Restricted Top of Stack" option, in the Orders section of the product properties page.  If regular limit order functionality is desired the "Allowed"  option should be selected. If a product has active orders against it you will not be able to select the "Restricted Top of Stack" feature.

Advanced Filtering Ability on All Products Tab -  Drop down filtering capability is now available for each field in the All Products tab in stack manager. In order to filter click on the arrow next to the field title. A drop down box with a list of attributes will appear. Highlight the attribute by which you wish to filter. To turn off the filter click on the arrow and select the " All" option from the drop down box.

Website Changes

New Submission Screen for Restricted Top of Stack Limit Orders -  The submission screen for  products that allow  Top of Stack or Restricted Top of Stack limit orders is as follows.

The submit button on the left makes a submission for a normal transaction, while the button on the right will submit as a limit order.  In case of the Restricted Top of Stack limit orders only internal traders will see the new submission box.

Price of Limit Orders

Modify Limit Orders
 Customers now have the ability to modify the price of any active order. In order to do so highlight the order to be modified and use the plus or minus sign next to the price field on  at the top of the "Today's Orders" section. The price will move up or down in the same increments as the tick size for that product. Once the price is at the desired level click the "Set" button and the price will be modified. Another way to modify the price on a limit order is to click on the price field on a particular limit order.  You will see a box with plus, minus and set buttons that allow you to modify that order.

Expiration time for Limit Orders
Customers can now place limit orders with expiration times of up to 30 days. Currently they may place orders for only up to 12 hours.

Float the Today's Orders Section
You can now float the " Limit Order " section. In order to do so, right click in the "Today's Orders " section and select the float window option. In order to make the window " Stay On Top " right click on the floated window and select the stay on top option.

Mid Market Client - Mid market originators will now have the ability to transact on behalf of their customers, while including their desired margin on the trade, on EnronOnline products. In order to do so Click on the bid or offer price, a customised submission window will appear.  Select the counterparty for whom you wish to transact from a drop down list , enter the desired customer price and margin and click submit. For example if a customer wants to buy Nymex Sep 01 at 3.36 and you wish to have a 1 cent margin, please enter 3.36 as the desired price and 0.01 as the margin. The system will trade the order when the EnronOnline offer for Nymex Sep 01 is at 3.35, book the trade at 3.36 and record the 0.01 origination amount.

In order to be set up to use this functionality. Please call the EnronOnline Product Control Group.

Changes to Website Passwords - As an added security measure, which has been requested by many customers, some new password rules have been instituted. First, the password cannot be equal to the login ID. Second, each user will be prompted to change his password every 90 days. These rules apply to all website passwords for both internal and external users.

Please note  Stack Manager changes will be available all traders as of Monday August 20, 2001. The changes to the website will be rolled out to a few internal users on Monday with the rest of the internal users being upgraded Monday night, and external users by the end of the week.  Over the next couple of weeks all users will be prompted to change their website passwords.

If you have any questions regarding these changes please contact me at 713-853-1787.

Savita Puthigai

<Embedded Paintbrush Picture>


Hey Joe,

Too bad re. Arnott.  BOO HOO!!!

Chris

PS. Have you seen that comercial yet for Microsoft XP yet?  The one where the guy at the
desk is racing thru the desert?  Every time I see it, all I can think is MMMMMACKERRRR!!
I laugh every time I see it.


Chris Mallory
deal 531607
Prebon has price as $205.50 and we show price as $205...

Can you check with Chris.

Thanks


i would like the broncos newsletter


Here's a first draft of the Altra documents.  Terms in bold are those "gives"
that we made in HS and TQ that we may not want to go out with here.  Give
some thought to the Posting Agreement -- I think the key issues are covered
here, but given our most recent conversations, what changes do we want to
make?

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


FYI.  When I sent Kari Dohn some additional materials today, I mentioned in
passing that I thought the Commission's draft decision fell short.  She
responded by asking why.  Attached is my response, and hers.  Perhaps there's
a glimmer of hope for the IOUs between now and tomorrow.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 01/03/2001 07:04 PM -----

	Kari Dohn <Kari.Dohn@GOV.CA.GOV>
	01/03/2001 07:03 PM

		 To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
		 cc:
		 Subject: RE: Additional Materials

Hey its worth more than two cents, and I hear you exactly.  We will be busy
tonight, that is for sure!!!

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Wednesday, January 03, 2001 4:52 PM
To: Kari Dohn
Subject: RE: Additional Materials

It's hard to disagree with the fact that 1) the utilities are the ones that
cut the deal they're living with and 2) they took all of the "stranded
cost" money that consumers paid them and invested it in other states and
countries.

But you can only buy for 10 cents and sell for 5 cents for so long before
creditors turn off the spigot.  Difficult to see how the spigot stays on
with the draft decision issued today.  (See story attached, below.)

With bankruptcy, the only one making any decisions is the judge, and while
some see benefits to that, seems to us that from a political, financial and
commercial perspective, bankruptcy creates many more problems than it
solves.

That said, we're extremely sensitive to the politics of rate increases.
But if the increases are subject to refund, then decision makers can buy
themselves some time by erring just slightly to the high side of a rate
increase, which could fend off the ratings agencies and provide additional
opportunity over the next 90 days or so to scrutinize the utilities claims
and come up with comprehensive solutions to the bigger problems.

Well, you got my two cents.  Sorry about that.

Best,
Jeff
****************************************************************************
**********************

Late afternoon 1/3/01 news:

USA: Calif utility ratings may fall too far on 7-15 pct hike.
By Jonathan Stempel

01/03/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Jan 3 (Reuters) - Bankruptcy may loom and the credit ratings of
the two largest California electric utilities will likely fall too far if
that state's Public Utilities Commission awards them an interim rate hike
of 7 to 15 percent, analysts said Wednesday.

In a draft decision on Wednesday, the CPUC proposed an immediate hike of 9
percent for residential customers of Pacific Gas & Electric Co. and
Southern California Edison, and hikes of seven to 15 percent for various
business customers.

The CPUC commission is expected to issue a final decision on Thursday.

"It forces the utilities and their creditors to be limbo dancers, and
skilled limbo dancers at that," said Shawn Burke, head of U.S.
investment-grade research at Barclays Capital.

PG&E and SCE had requested respective rate increases of 26 percent and 30
percent, a hike that would help them avoid imminent bankruptcy.

The utilities have also asked the regulators to remove a freeze on retail
rates imposed under California's 1996 law that deregulated the state's
electricity market.

On a day when most stocks roared ahead after the Federal Reserve announced
surprise interest rate cuts, investors beat down the stocks of Pacific
G&E's parent, San Francisco-based PG&E Corp. , and SoCal Edison's parent,
Edison International .

PG&E shares closed Wednesday on the New York Stock Exchange at $17, down
$2-9/16, or 13.1 percent, while Edison International shares closed at
$12-1/4, down $2-3/4, or 18.3 percent, on the Big Board.

Bond quotations were not immediately available for the utilities' bonds,
which in recent weeks have traded like junk.

Pacific G&E and SoCal Edison were banking on a big rate hike to allow them
to pass on some of their soaring wholesale power costs to consumers.

The utilities, which operate under a rate freeze, have accumulated more
than $8 billion in unrecovered costs since wholesale power prices started
skyrocketing last summer amid a worsening electricity shortage in the
state. They claim they are running out of money due to the price freeze,
and have billions of dollars of bills coming due in the next six weeks.

Central to their concerns is whether credit rating agencies Moody's
Investors Service and Standard & Poor's will cut their medium investment
grades to junk status.

"No one knows for sure, but if we consider the average rate hike is only
about 10 percent, it will be difficult for the companies to maintain
investment-grade ratings," said Dorothea Matthews, a fixed-income electric
utilities analyst for Deutsche Banc Alex. Brown.

The utilities have already been unable to tap short-term capital markets
because of their precarious financial state.

Downgrades to junk, which the agencies have already threatened, would
cement the door shut to these markets, and cause the utilities to default
on some of their loans.

Late Wednesday, PG&E Chief Executive Gordon Smith said the commission's
proposed hikes could jeopardize his utility's future loans.

Even a downgrade to the lowest investment grades - "Baa3" for long-term
debt and "Prime-3" for short-term debt from Moody's, and "BBB-minus" and
"A3" from S&P - would make the going very difficult for the utilities. The
reason: short-term debt markets are often closed to companies with those
ratings.

"Unless this process allows the rating agencies to keep 'A2/P2' ratings on
the short-term debt of both companies, then this process has largely been a
waste of everyone's time," said Burke.

Still, he said, "there is a reasonable chance, despite today's weak
recommendation, that the situation can be salvaged with mid-'triple-B'
ratings, which would allow a lifeline to conventional sources of
liquidity."

Moody's and S&P were not available for comment.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved

                    Kari Dohn

                    <Kari.Dohn@GO        To:     "'Jeff.Dasovich@enron.com'"

                    V.CA.GOV>            <Jeff.Dasovich@enron.com>

                                         cc:

                    01/03/2001           Subject:     RE: Additional
Materials
                    06:30 PM

thank you so much.  so the news aint great for utilities?

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Wednesday, January 03, 2001 2:14 PM
To: Kari Dohn
Subject: Additional Materials

Greetings Kari:

Forgive the delay.  Much going on today, PUC draft decision in particular.
The draft does not look promising for the utilities' financial position.

Attached are our comments on the Governor's Proposals and some more detail
on the demand-reduction proposal.  We continue to work on the Nord Pool
research for you and will turn that around as quickly as we can.

Again, don't hesitate to contact me if there's anything else I can help
with, or if there's anything else that you need. (415.782.7822)

Best,
Jeff

(See attached file: Comments on Governor's Proposals 010301 .doc)(See
attached file: Demand buy-down proposal.doc)


I am visiting Haas this year and will be teaching 'European Financial
Markets' (BA 296-7, E 296-5) in the spring. Since this is a new course,
I thought I should draw it to your attention. The move to monetary union
(EMU) in Europe has created a newly integrated financial area comparable
to the US, with consequences that anyone doing business or advising
businesses in Europe needs to understand. Just consider:

'The dollar's supremacy has been challenged in the global debt markets.'
(FT, 6/14/99).  'The large funds have indulged in a frenzy of
cross-border buying...with the volume of paper launched by European
companies rising five-fold over 1998.' (FT 10/28/99)   '...a doubling of
European-based staff at Lehman Brothers, a 50% increase at SSB, and up
to 20% at other banks...follows Europe overtaking the US in M&A
activity...' (FT 10/25/99)

I shall address questions such as: How does the European Central Bank
differ from the Fed? Will the euro compete with the dollar as an
international currency? Can European capital markets challenge the US
for international portfolio managers and for non-European issuers? Will
Europe soon have serious venture capital and junk bond sectors? Will the
European banking sector experience a deep wave of cross-border
restructurings? Will there be a shift from domestic to cross-border M&A
in Europe - and will competition authorities try to restrain it? How
will the East European emerging markets fit into the picture?

If these issues interest you, I look forward to seeing you in January.

--
Richard Portes
Distinguished Global Visiting Professor
Haas School of Business
University of California at Berkeley
Berkeley CA 94720-1900
Email: portes@haas.berkeley.edu
Tel. 1 510 642 8032
Fax 1 510 642 4700
(on leave from London Business School, 1999-2000)


I know you get this daily log stuff all of the time, and probably ignore it, but wanted you to check out the new  - more summarized reporting that we are instituting at the 8:30 meeting.  I think Rick Buy liked it this week, and hopefully this will lead us to more conclusions/trends than just reporting incidents that appear random.

A small step, but one in the right direction...

Beth
 -----Original Message-----
From: 	Trevino, Susan
Sent:	Monday, May 21, 2001 4:52 PM
To:	Abel, Chris; Apollo, Beth; Albrecht, Kristin; Beck, Sally; Brackett, Debbie R.; Buy, Rick; Freshour, Stephen; Hardy, David; Jordan, Mike; Lobusch, Christy; McIntyre, Burton; Miralles, Al; New, James; Port, David; Ramesh, Ganapathy; Stadler, Gary; Wallace, Cassi; Wilson, Shona; Vasan, Sue; Stock, Stephen
Subject:	Weekly Summary of Daily Log

Attached are graphs of the weekly summary log.  The daily log will be distributed in the morning.

Regards,
Susan Trevino
x3-1462


Finally! This deal has been deciphered and changed. I killed legs 3 through
7, which were all inadvertantly entered as forwards instead of index
forwards. I checked on the Dow Jones Palo Verde index price for those days -
10/3/00 through 10/7/00 - and verified that 5% was greater than $5.00. Legs 2
and 8 already reflected the 5% offset, not $5, so I didn't change anything on
these. The new leg numbers are 420886.52 through 420886.56. If there are any
further changes to be made, please let me know. Otherwise, thank you so much
for your patience and cooperation.

Kate

	From:  Kim Ward                           11/15/2000 10:31 AM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: DSM 5261

Kate,

A request (below) has been made to fix a deal that was entered by Tom and
Mark incorrectly (through the option exercise function in deal blotter).  The
deal numbers and legs that need to be fixed are listed below.  Instead of
being a forward transaction, these legs should be entered as index forwards.
We are paying the DJ PV index plus $5 or 5%, whichever is more.  Therefore,
if daily prices were more than $100 at palo verde, the offset should be 1.05.

I know that i have totally confused you but let me know of any questions you
might have and I will be glad to help.

Thanks,

Kim
---------------------- Forwarded by Kim Ward/HOU/ECT on 11/15/2000 09:31 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Katrina_Johnson@enron.com                           11/14/2000 02:03 PM

To: Kim.ward@enron.com
cc:
Subject: Re: DSM 5261

Kim,

The message listed below was previously forwarded to Caroline.  Per
Caroline, I would need to talk to the actual Trader.  Please let me know if
you can help me resolve this issue.
Please call me at ext.  3-6488 if you have any questions.

Thanks,
Katrina

Katrina Johnson
11/14/2000 03:02 PM

To:   Caroline Emmert/HOU/ECT@ECT
cc:
Subject:  DSM 5261

Caroline,

Deal #420886 legs 3-7 have no price attached to the deal.  Would you please
add the DJPV index plus an offset of 5%.  On legs 2 & 8 the offset needs to
be changed from $5.00 to 5%.

Please let me know if you have any questions.

Thank You,
Katrina


Attached are drafts of two certificates which I believe will satisfy you
needs.  Please get back to me with any comments.

 - ISDA Confirm Representations


FYI. Great news.  PUC "fixed" the language glitches in the original decision
granting ETI its certificate and voted it out yesterday.  So we're good to go
on filing our final tariff.  It's attached.  Please take a look and let's
discuss ASAP (Monday?) so we can get if on file at the CPUC.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 10/06/2000 01:05 PM -----

	Jeremy Meier <jermeier@earthlink.net>
	09/12/2000 02:12 PM

		 To: jdasovic@enron.com
		 cc:
		 Subject: ETI CPUC filings

Jeff:

Attached is the latest version of the draft revised tariff(s) to file
when ETI gets final full approval.

The revisions are in redline (red and/or blue) per your request.

Let me know any issues.  Steve will be back in town Friday.

Jeremy
B & C

 - Enron CaliforniaTariff Sept v.4.doc


feb dec trades 37.5
feb dec LL went out 20 at 24 (did not have bid but  heard elswhere)
feb went out 35.5 at 37.5
mar went out 35.5 at 37
Since we can't ride I am not sure what else to do  but go for lunch........


Jennifer,
Due to the Vivendi merger, the Universal deal has taken on a whole new
scope.  On a lead from Jeff Y., I contacted Kim Monk, Dr. Corp. Alliances,
who reports to Nebergall.  Kim was interested in discussing this further and
working on best leveraging BU strategies.  We are to catch up when she
returns to Houston, but this is what we discussed in our quick phone call
today:

Vivendi
Enron delivered an MOU to Vivendi (Kim may forward)
Currently 5-6 initiatives including:
Vivendi overall - bandwidth, co-location, dark fiber, PAN European network,
cable
Havas (Viviendi subsidiary) - discussions with Havas CEO for distance
learning, bandwidth, ASP and streaming initiatives
Initiatives in other subsidiaries including:  Canal Plus, Digitel

Blockbuster
Due to restructuring of Vivendi/Universal, EBS to work on Blockbuster's
year-end (Phase I) initiatives first and then (Phase II & III) 3Q next year
Cox speaking with Universal in LA as content and distribution partner
(although this is Blockbuster's obligation, Enron is also working as a third
party to secure)

Enron-Vivendi Relationship
Vivendi sees Enron as both a competitor and partner depending upon the segment


Jordan,  Attached is the latest structure.  This is still subject to change
as AA has not yet approved.  The deal basically involves creating a new
entity to take ownership of 2 existing Electric Compressor Motor Drivers and
associated contracts which ECT currently owns.  The compressor motor drivers
are supplied with electricity from the Navajo Tribal Utiltity Authority
(NTUA).  ECT sells horsepower created by the motor drivers to Transwestern in
exchange for $$ and MMBtus.

Lance Schuler will be working the finance portion of this project.  This is a
2nd Quarter deal.  Would you expect anything less?  Please let me know who
will be working on this from your group or call to discuss any questions.
Thanks.

---------------------- Forwarded by Gerald Nemec/HOU/ECT on 06/02/99 04:38 PM
---------------------------
From: Trevor Woods on 05/21/99 02:13 PM
To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: Structure

Here it is G.


Here is the California Schedule.
Thanks
Gary
-----Original Message-----
From: Jo Ann Scott [mailto:joann.scott@ferc.fed.us]
Sent: Wednesday, August 15, 2001 6:53 AM
To: gfergus@brobeck.com
Subject: EL00-95 J. Birchman's order

http://cips.ferc.fed.us/Q/CIPS/ELECTRIC/EL/EL00-95.0CF.TXT
<http://cips.ferc.fed.us/Q/CIPS/ELECTRIC/EL/EL00-95.0CF.TXT>

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Yes.  Thanks.

-----Original Message-----
From: Binns, Darran
Sent: Monday, October 29, 2001 4:19 PM
To: Steffes, James D.
Subject: Daily Monitoring

Jim,

Should I start monitoring the energy events in Canada as well as California?

Thanks,

DB


FYI.
---------------------- Forwarded by Mona L Petrochko/NA/Enron on 12/12/2000
11:37 AM ---------------------------

	Enron Energy Services

	From:  Jennifer Rudolph                           10/05/2000 03:40 PM

To: Harold G Buchanan/HOU/EES@EES
cc: Beverly Aden/HOU/EES@EES, Edward Hamb/HOU/EES@EES, Mona L
Petrochko/SFO/EES@EES

Subject: California Deregulation Summary

Per Ed's request, here is a summary of California's deregulation history:

If you have any questions, please page me!
---Jennifer
wk 713-345-8206
pgr 877-681-5956


Hi Dan,

I have attached the pending trades our system shows for Reliant-Entex.
Could you review and update me on which confirmations have been sent.

Thanks so much
Jennifer


Laura

I just want to make sure we are paying ngx a twentieth not a tenth.


Shirley,

11:00am CA-time is fine (1:00pm TX-time).
I'll be at 650 725-5525.

My cell phone number is 650 796-8163.
Please call me there if plans change.

Thanks,

Nick

Shirley.Crenshaw@enron.com wrote:
>
> Hello Nick:
>
> I agree  e-mail is much easier.
>
> There is a two-hour time difference between Calif and Texas, i.e., 1:00 pm
> Texas Time - 11:00 am Calif time.
>
> Would tomorrow at 11:00 am Calif time be ok with you (1:00 pm Texas)?
> This time is fine for Vince, Tom Gros and Stinson Gibner.
>
> Can they call you and if so, what number?
>
> Please let me know.
>
> Thanks!
>
> Shirley
> 713-853-5290
>
> Nick Bambos <bambos@stanford.edu> on 03/16/2000 12:28:58 PM
>
> To:   Shirley.Crenshaw@enron.com
> cc:   bambos@stanford.Stanford.EDU
> Subject:  Re: Visit to Enron
>
> Shirley,
>
> It's easier to communcate by e-mail, since I am moving from
> meeting to meeting (but I have the laptop always with me).
>
> Please give me a phone number that I could call tomorrow.
> What is the time difference between California and your
> location? I think it's 2 hours (CA->TX) - is that right?
>
> I can do the conference call any time from 9-11 CA time.
> Would that be OK on your side?
>
> Thanks,
>
> Nick
>
> Vince.J.Kaminski@enron.com wrote:
> >
> > Nick,
> >
> > We can close the loop on our commitment to support the research projects
> > before your visit to Enron.
> >
> > My assistant, Shirley  Crenshaw, will call you to set up a conference
> call
> > with me, Stinson Gibner,
> > and Tom Gros from Enron Broadband Services to discuss all the isssues.
> > Friday this week would work for
> > both Tom and me. I think we need about 15 minutes.
> >
> > Vince
> >
> > P.S. Shirley, Nick's phone number is 650 796 8163 (cell), 650-725-5525
> > (office).
> >
> > Nick Bambos <bambos@stanford.edu> on 03/12/2000 05:32:35 PM
> >
> > To:   Vince.J.Kaminski@enron.com, bambos@stanford.Stanford.EDU
> > cc:
> > Subject:  Visit to Enron
> >
> > Hello Vince,
> >
> > It was nice seeing you at Stanford and many thanks for the lunch
> > we had together. I really enjoyed our discussions, both at the
> > technical level and otherwise.
> >
> > I promised to send you an e-mail regarding possible dates for
> > a visit to Enron. I delayed it for a week till my schedule was
> > clearer. Let's see if we can get a match with your schedule -
> > mine is rather terrible:
> >
> > Friday, 21st of April looks good. But April 23rd is Easter
> > Sunday, so that may make it difficult for some people at Enron
> > to be around. Let me know if that is the case. I am willing to
> > visit then, because the week after that I am scheduled to be in
> > Japan and in the previous weeks I am all committed on Fridays.
> >
> > Friday, 19th of May is the next possibility, but this probably
> > is too far out. The main problem is that I am operating within
> > a window of opportunity for attracting top students for this
> > research. This window closes by the end of April, and it would be
> > important for the student support funds to be in place then, so
> > that I can make hard commitments to students and attract top
> > talent. I am already reviewing files of students who have
> > approached me for PhD advising, and I am in a mode of doing "soft
> > commitments to star-level students" to get this research and its
> > potential on their radar screen. Top students are highly sought
> > after by advisors and I want to be an early player in this
> > competition.
> >
> > Does my visit to Enron have to happen before we can set up the
> > project and student support at Stanford? If so, doing it before the
> > end of April is important for getting top people. If the visit can
> > happen after we get the ball rolling, then we can schedule it in May.
> > I assume there will be multiple visits both ways when the project gets
> > going. Please let me know what you think.
> >
> > Best Regards,
> >
> > Nick


---------------------- Forwarded by Susan M Scott/HOU/ECT on 10/02/2000 09:31
AM ---------------------------

	From:  William Kelly                           09/29/2000 10:15 AM

To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Fwd: Separated at Birth

 - McTwins.doc


Thanks,

Dana,

You should copy Fred Philipson on future corresponence, as I will be focused
on other activities.  Thanks for all your help and support.  I think Enron
has a good solution that you should consider.

- Steve Abbanat

 -----Original Message-----
From:  "Dana C. Grogan" <dcgrogan@cmsenergy.com>@ENRON
[mailto:IMCEANOTES-+22Dana+20C+2E+20Grogan+22+20+3Cdcgrogan+40cmsenergy+2Ecom+
3E+40ENRON@ENRON.com]
Sent: Friday, May 11, 2001 6:53 AM
To: Jones, Tana
Cc: Debbie T. Adams; Abbanat, Stephen; Greenberg, Mark
Subject: NDA - CMS Energy - Panhandle Pipe Line Companies

  This agreement should be in the name of Panhandle Eastern Pipe Line
Company.

We want to strike item #2.  The language provides that we will not disclose
the "existence" of the confidentiality agreement.  Normally, we only agree
not to disclose the confidential information.

If these changes are acceptable, we will be ready to arrange a meeting.

If you have any questions or comments, please contact me.

Dana Grogan
dcgrogan@cmsenergy.com
(713) 989-7230

Tana.Jones@enron.com on 04/03/2001 01:10:13 PM

To:   tsmehta@cmsenergy.com
cc:   Stephen.Abbanat@enron.com, Mark.Greenberg@enron.com
Subject:  NDA - CMS Energy - Panhandle Pipe Line Companies

At the request of Stephen Abbanat, I am attaching our proposed form of
Non-Disclosure Agreement.   We would appreciate it if you could please
verify whether "CMS Energy-Panhandle Pipe Line Companies" is the correct
legal name of your company.  If you have any comments or questions, please
call Mark Greenberg, Senior Counsel, at (713) 345-8897as I will be on
vacation the rest of this week.

(See attached file: cms energy.doc)

(See attached file: cms energy.doc)

 - cms energy.doc << File: cms energy.doc >>


Kate, I know evelyn emailed you about a PPL Montana deal from 3/9/01 that was
term of  Jan 04 to Dec 06
mid c   dp   45.00
just checking the status I know the deal was pending credit.
Thanks