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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/10/2001
05:14 PM ---------------------------

Steve Bigalow@ENRON
01/10/2001 08:19 AM
To: Vince.Kaminski@Enron.com
cc:
Subject: Stocks buys

These are todays buys provided they open very close to yesterdays close or
higher CLTK, LPNT
NUAN, RETK


Joe,

The guys who teach auto for us said that if I do have to go with gas,
that the 502 is a much "healthier" engine than the 454.  Any idea of the
cost of 502's?

Thanks

-----Original Message-----
From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
Sent: Thursday, January 10, 2002 2:38 PM
To: Eugene Connors, Eugene
Subject: FW: Re: Engine Prices

-----Original Message-----
From: Landmark Chevrolet Parts [mailto:parts@landmarkchevrolet.com]
Sent: Thursday, January 10, 2002 2:32 PM
To: Parks, Joe
Subject: FW: Re: Engine Prices

-----Original Message-----
From: Landmark Chevrolet Parts [mailto:parts@landmarkchevrolet.com]
Sent: Wednesday, January 09, 2002 5:52 PM
To: jparks@houston
Subject: Re: Engine Prices

Diesel Engine  $ 6275.00

454 Engine  $ 3350.00

These are your cost.

Rick Darnell

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


----- Forwarded by Jeff Dasovich/NA/Enron on 06/06/2001 08:54 AM -----

	"Chris Micheli" <cmicheli@carpentersnodgrass.com>
	06/05/2001 05:08 PM

		 To: "Will Brown" <wbrown@lhom.com>, "Teresa Casazza"
<teresa_casazza@aeanet.org>, "Sande George" <sglobby@pacbell.net>, "Ron
Roach" <ron@caltax.org>, "Rex Hime" <rexhime@cbpa.com>, "Matt Sutton"
<matthew_sutton@aeanet.org>, "Lorraine Albrecht" <laac@pge.com>, "Lisa Frank"
<laf@ka-pow.com>, "Lance Hastings" <lhastings@cagrocers.com>, "LaJune Bush"
<lajunebush@aol.com>, "Jot Condie" <jcondie@calrest.org>, "Joe Ackler"
<ackler@ix.netcom.com>, "Jim Lites" <jlites@schottinc.com>, "James Clark"
<jclark@calbankers.com>, "Greg Turner" <greg@caltax.org>, "George Miller"
<gmiller@lhom.com>, "Gavin McHugh" <gmchugh@ix.netcom.com>, "Fred Taugher"
<fred@ppallc.com>, "Fred Pownall" <fpownall@ka-pow.com>, "Fred Main"
<fred.main@calchamber.com>, "Eric Miethke" <emiethke@ix.netcom.com>, "David R
Doerr" <dave@caltax.org>, "David Nagler" <nagler@gene.com>, "Chuck Cole"
<ccole@advocation-inc.com>, "Charles T Halnan" <chalnan@ns.net>, "Carolyn J.
Veal-Hunter" <vealhunter@att.com>, "Bruce Allen" <bruce@calcpa.org>, "Brian
Maas" <bmaas@calbankers.com>, "Bev Hansen" <bhansen@lhom.com>, "Barry Brokaw"
<bsbsacadvo@msn.com>, "Anne Kelly" <kelly@hnks.com>, "Amy E. Garrett"
<amy_garrett@car.org>, "Alan Lippincott" <lippial@bp.com>, "Susan McCabe"
<smccabe@mccabeandcompany.net>, "Sue Mara" <smara@enron.com>, "Steven Kelley"
<steven@iepa.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Stephanie Newell"
<stephanie-newell@reliantenergy.com>, "Scott Sadler"
<sadlersa@earthlink.net>, "Scott Govenar" <sgovenar@govadv.com>, "Sandi
McCubbin" <smccubbi@enron.com>, "Ron Tom" <rtom@govadv.com>, "Roger Pelote"
<roger.pelote@williams.com>, "Robert Ross" <robbiz@cwo.com>, "Rina Venturini"
<rventurini@teamgsi.net>, "Richard Hyde" <rwhyde@duke-energy.com>, "Rachel
King" <rachel.king@elpaso.com>, "Phil Isenberg" <isenberg@hmot.com>, "Mike
Monagan" <mrmonagan@aol.com>, "Maureen O'Haren" <oharen@hmot.com>, "Marie
Moretti" <mmoretti@mccabeandcompany.net>, "Lynn Lednicky" <lale@dynegy.com>,
"Kent Palmerton" <kent.palmerton@williams.com>, "Katie Kaplan"
<kaplan@iepa.com>, "Kassandra Gough" <kgough@calpine.com>, "Julee Ball"
<jmball@ns.net>, "John Stout" <john_h_stout@reliantenergy.com>, "John Larrea"
<john.g.larrea@williams.com>, "Joe Ronan" <joer@calpine.com>, "Jeff Dasovich"
<jeff.dasovich@enron.com>, "Jean Munoz" <jmunoz@mcnallytemple.com>, "Jan
Smutny Jones" <smutny@iepa.com>, "Jack Pigott" <jackp@calpine.com>, "Hedy
Govenar" <hgovenar@govadv.com>, "Greg Blue" <gtbl@dynegy.com>, "Delaney
Hunter" <dhunter@s-k-w.com>, "Andy Brown" <abb@eslawfirm.com>, "John Norwood"
<janorwood@norped.com>, "Pete Conaty" <pcaceo@pacbell.net>, "Matt Kilroy"
<matt.kilroy@pge-corp.com>, "Cary Rudman" <cjrudman@softcom.net>, "Carolyn
McIntyre" <cmcintyre@sempra.com>, "Barbara LeVake" <blevake@syix.com>, "Paula
Soos" <psoos@covantaenergy.com>, "Mohammed Alrai" <mohammeda@calpine.com>,
"Kent Robertson" <kentr@calpine.com>, "Katherine Potter"
<katherip@calpine.com>, "Juan Rodriguez" <juanr@calpine.com>, "Eileen Koch"
<eileenk@calpine.com>, "Bill Highlander" <highlander@calpine.com>, "Aymee
Ramos" <aymeer@calpine.com>, "Virginia Gates"
<virginia.gates@us.pwcglobal.com>, "Timothy Hayes" <thayes@deloitte.com>,
"Terry Eager" <terry.eager@us.pwcglobal.com>, "Steve Danowitz"
<steve.danowitz@ey.com>, "Roy Crawford" <rcrawford@brobeck.com>, "Robin
Crawford" <rocrawford@deloitte.com>, "Robert Salazar" <rsalazar@kpmg.com>,
"Richard Pomp" <rpomp@law.uconn.edu>, "Richard Hayes" <rhayes@ffic.com>, "Rex
Halverson" <rhalverson@kpmg.com>, "Regina Schroder"
<rschroder@barteleng.com>, "Prentiss Willson" <prentiss.willson@ey.com>,
"Phillip Jelsma" <pjelsma@luce.com>, "Peter B. Kanter" <pkanter@mofo.com>,
"Paul Frankel" <pfrankel@mofo.com>, "Nancy Iredale" <nliredale@phjw.com>,
"Michel Stein" <stein@taxlitigator.com>, "Michael Herbert"
<michael.d.herbert@us.andersen.com>, "Matt Stolte"
<matt.stolte@us.pwcglobal.com>, "Marilyn Wethekam" <mwetheka@hmblaw.com>,
"Kathy Sommers" <kathy.sommers@us.pwcglobal.com>, "Karen Hawkins"
<klhawkins@tagghawk.com>, "Julian Chavez" <jchavez@dttus.com>, "Joan Irion"
<jirion@hewm.com>, "Jesse Rosas" <jesse.s.rosas@us.arthurandersen.com>, "Jeff
Morris" <jmorris@kpmg.com>, "Jeani Brent" <jebrent@deloitte.com>, "Jana
Howard" <jana_howard@ftb.ca.gov>, "James Kleier" <jkleier@prestongates.com>,
"James Buresh" <james.f.buresh@us.arthurandersen.com>, "Jack Sweitzer"
<john.w.sweitzer@us.arthurandersen.com>, "Holly Hyans" <hhyans@mofo.com>,
"Hal Kessler" <hal.s.kessler@us.andersen.com>, "Gregory J. Masters"
<gjmasters@duke-energy.com>, "Glenn Bystrom" <glenn.bystrom@ey.com>, "Eric
Coffill" <ecoffill@mofo.com>, "Elaine Bialczak" <jbialczak@dmainc.com>,
"Edwin P. Antolin" <eantolin@mofo.com>, "Douglas Bramhall"
<dbramhall@kpmg.com>, "Doug Schwartz" <dschwartz@pacbell.net>, "Dennis Perez"
<perez@taxlitigator.com>, "Deborah Nosowsky" <deborah_j._nosowsky@ffic.com>,
"Dan Thompson" <daniel.l.thompson@us.pwcglobal.com>, "Charles Rettig"
<rettig@taxlitigator.com>, "Charles Moll" <cmoll@mofo.com>, "Bruce Kessler"
<bruce.j.kessler@us.arthurandersen.com>, "Bruce Daigh"
<bruce.daigh@us.pwcglobal.com>, "Bart Baer" <bart.baer@bakernet.com>, "Barry
Weissman" <barry.weissman@us.pwcglobal.com>, "Barry Hacker"
<bhacker@kpmg.com>, "Arthur Rosen" <arosen@mwe.com>, "Amy Silverstein"
<asilverstein@mofo.com>, "Albert Mencher" <ammtax@naea.org>, "Al Koch"
<alkoch@earthlink.net>, "Al Golbert" <agolbert@aol.com>, "David Cohen"
<david.m.cohen@us.andersen.com>
		 cc:
		 Subject: AB 2xx passes fiscal cmte

In a hearing off the Floor this afternoon, the Assembly Appropriations
Committee voted on a partisan basis (14-7) to pass AB 2xx (Corbett), which
would enact a gross receipts tax on power generators.  Please note that three
amendments were adopted by the author:  (1) exempt state contracts (not all
long-term contracts like SB 1xx does) and the taxpayer would have to go to
DWR for this exemption; (2) taxpayer would get a credit for any similar tax
paid in another state (assuming other states will actually enact windfall
profits tax bills; (3) PUC will adjust the base price quarterly (rather than
"from time-to-time").
Next stop is the Assembly Floor, planned for Thursday morning.

Chris Micheli, Esq.
Carpenter Snodgrass & Associates
1201 K Street, Suite 710
Sacramento, CA  95814
(916) 447-2251
FAX: (916) 445-5624
EMAIL: cmicheli@carpentersnodgrass.com


Don:

The attached file indicates the most current transmission rates and Ancillary fees available for November 2001.  Please let me know if you have any questions.

Thanks,
Marci

M:/Electric/East Volume Mgmt/Transmission/Transmission Rates - 11-01


OK

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


Call me.  Enron MW LLC will be treated like any third party.  Since we do not have our trading order, there are no unwinds or terminations and we do not have special preference for dealing with affiliates.  If this is in the money to ENA, we may be able to expedite the process but we are still dealing with a debtor.  I'm not sure that the relationship to ENA bears different treatment.

 -----Original Message-----
From: 	Mann, Kay
Sent:	Friday, January 18, 2002 2:14 PM
To:	Shackleton, Sara
Subject:	FW: Forward detail

Richard Tomaski (Chicago office) tells me that Enron Midwest (wholly owned sub of ENA) has certain hedges in place with RMT and perhaps ENA, relating to physical positions we had.  The gas is being sold on Tuesday, so they want to close out these hedges, by unwinding or terminating.

Do you have any suggestions on how to handle this?

Kay

 -----Original Message-----
From: 	Tomaski, Richard
Sent:	Friday, January 18, 2002 1:20 PM
To:	Mann, Kay
Subject:	FW: Forward detail

Thanks for your help.
 -----Original Message-----
From: 	Tomaski, Richard
Sent:	Monday, January 14, 2002 12:41 PM
To:	Hodge, Jeffrey T.; McMichael Jr., Ed; Whiting, Greg
Subject:	Forward detail

Here is the same list seperated by physcial and financial

 << File: MTMforwarddetail010902.xls >>


Don:
More questions from Allegheny from last night.
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 10/22/2000
02:26 PM ---------------------------

"Irwin, Thomas J." <TIRWIN@alleghenyenergy.com> on 10/21/2000 09:32:19 PM
To: "'benjamin.rogers@enron.com'" <benjamin.rogers@enron.com>
cc: "Lapcevic, Joseph P." <JLAPCEV@alleghenyenergy.com>, "Pezze, Thomas A."
<TPEZZE@alleghenyenergy.com>
Subject: ENRON -- Information requests resulting from Lincoln Energy Cente r
and Wheatland site visits

Lincoln
The following requests resulted from our site visit to Lincoln Plant on
October 20, 2000:
1. We have received a CD with Project Drawings.  We will be reviewing
them shortly.  Please send Seimens drawings when available.
2. Please provide documents that contain operating budget for Lincoln.
3. Please provide the O&M contract with Operational Energy Corporation.
4. Please provide water chemistry analysis for wells or identify
document on DealBench.
5. Please provide copy of standard operating procedure for the plant.
6. Please provide equivalent starts and equivalent base hours for all
CTs.

 Wheatland
The following requests resulted from our site visit to Wheatland Plant on
October 20, 2000:
1. We have received a CD with Project Drawings.  We will be reviewing
them shortly.  Please send Seimens drawings when available.
2. Please provide documents that contain operating budget for Lincoln.
3. Please provide the O&M contract with Operational Energy Corporation.
4. Please provide copy of standard operating procedure for the plant.
5. Please provide equivalent starts and equivalent base hours for all
CTs.
6. Please provide engineering details of RTU module and associated
equipment used for plant dispatch.
7. Please provide any available information on Westinghouse contract.
8. Please provide chart and guarantee curves for CTs.
9. Please provide your calculations supporting the 902 hour annual
operating limit.
10. Please status of NPDES application and any associated
correspondence.


I faxed PG&E the Certificate tonight - Ray Bowen signed it.

Elizabeth Sager
713-853-6349

 -----Original Message-----
From: 	Sager, Elizabeth
Sent:	Wednesday, November 21, 2001 7:03 PM
To:	'peter.meier@neg.pge.com'
Cc:	Mellencamp, Lisa; St. Clair, Carol; Bradford, William S.
Subject:	Draft Officers Certificate

Hi Peter

Here is a draft form of officers certificate for your review.  As we discussed, I wanted to get you something to look at as soon as possible.  With the holidays upon us, I still have not been able to clear this through all of the necessary channels but will continue to try.  Call with any questions/comments. Thanks

Elizabeth Sager
713-853-6349 << File: officers certificate.doc >>


Hi Jeff:

1) I must have missed a beat...I heard the quarter's news, but assumed
things will work out.
2) mpa@a-klaw.com
3) Is this an oral presentation?  Hearing?  Of course I'll be there, but
where did I miss the notice?

-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent: Friday, November 02, 2001 4:21 PM
To: Evelyn Kahl
Subject: Edison and the PUC

Greetings Ms Kahl:

Few things:

1)	No, I'm not looking for employment in the face of Enron's
current financial "challenges."
2)	Could you forward Michael's email address to me?
3)	Are you aware of what Edison's going to be proposing at the PUC
on Nov. 7th w.r.t. how it 	intends to recoup its "undercollection"
under its settlement with the PUC.  In short, all  	DA customers,
irrespective of whether they were taking from Edison at the time that
Edison 	accrued the "undercollection," would be "responsible" for
paying.  Which means DA customers 	would pay twice for power--once
to their ESP and now, again, to Edison.  Is this something 	that
your clients care about?  We care quite a bit.

One of the big issues is whether there ought to be hearings on all of
this, or whether Karl Wood ought to just be able to push rates around
based on briefs only.  We feel pretty strongly that hearings are
required.  One of our big concerns is that this will be the tip of the
iceberg, i.e., Edison will continue on after this in an attempt to force
all kinds of costs on customers.  You have a view on whether hearings
are required?  More importantly do your clients have an interest in all
of this, and will you be there on the 7th?

Inquiring minds want to know.

Hope you're well.  Please don't travel over any bridges.

Best,
Jeff

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


Can you please give me the status on the grties that i sent to you for Nicor Energy LLC from Nicor Inc and Dynegy Holdings, Inc?

Can you tell me who is requesting an Enfolio for AES NewEnergy, Inc?

-d


Do not suspend this CPID, because we have physical and gas daily deals that are active in this book.  Sorry for the delay.  Thanks for your help on this.
PL

 -----Original Message-----
From: 	Hernandez, Nancy
Sent:	Wednesday, October 10, 2001 6:10 PM
To:	Love, Phillip M.
Subject:	FW: Books marked as "To be Archived" on RAC Active/Inactive website
Importance:	High

Phillip:

Can you please review these archived RisktRAC book ids and determine if we can archive this CPID.  I noted that there is a PHY book which is receiving a PostID, but I do not know if it has any active deals against it.  Please consider that in order to SUSPEND a CPID there can be no active deals in any deal entry system.  If we can not archive all Risktypes then we can not "SUSPEND" the CPID.  Please read the information below in the original document for additional data.

 << OLE Object: Microsoft Excel Worksheet >>
 -----Original Message-----
From: 	Gossett, Jeffrey C.
Sent:	Wednesday, October 10, 2001 3:12 PM
To:	Hernandez, Nancy
Subject:	RE: Books marked as "To be Archived" on RAC Active/Inactive website

Nancy -

Please send the following to the regional controllers as they look at these books on a daily basis.

Thanks

 -----Original Message-----
From: 	Hernandez, Nancy
Sent:	Tuesday, October 02, 2001 2:28 PM
To:	Gossett, Jeffrey C.; White, Stacey W.; Hall, D. Todd; Glover, Sheila; Thomas, Sheri; Wood, Shelly; Sweeney, Kevin; Jordan, Mike; New, James; Mills, Scott; Reeves, Kathy; Gillis, Brian; Albrecht, Kristin
Cc:	Victorio, Tom
Subject:	Books marked as "To be Archived" on RAC Active/Inactive website
Importance:	High

All:

Attached please review a detail of books marked as "To be Archived" on the Active/Inactive website.  These books have already been archived on RisktRAC, so no positions will be captured going forward.  In order to close the Risk Loop we need to have these counter parties SUSPENDED on the various deal entry systems.  By changing the status of the Counter party codes we do not impact the data related to these counter parties.  The data will still be there and edits of existing deals will be allowed, however no new deals would be allowed for these counter parties.

Please review the list of books and send an email approving the status change to "SUSPENDED" on the deal entry systems for the books related to your own Business Units.  Please note that in order to "SUSPEND" the counter party code all risk types for that code must be suspended (i.e. IDX,BAS,PRC,GDL,GDI & PHY).  If you have any questions please feel free to contact me at ext 54751.

Due to the urgent nature of this request, I kindly ask that you reply by Friday Oct 5 or at your earliest convenience.

Thank you for your time and assistance in completing this task.

Regards,

Nancy

 << File: archivebooks.xls >>


A few more details and a few less people.  It looks like we are going to have
between 5 and 7 going.  It's kind of important that those of you I haven't
heard from in the past week or so let me know so that I can get another room
if necessary.

Porter - I am counting you in, but need to confirm
Rogers - I am counting you in, but need to confirm OB
Stabell - I didn't count you or Iaia, need to confirm

I have got a room reserved at the Flamingo for Thurs - Sun.  I rate it a
B+hotel, but the other ones are $300-400 for Friday and Saturday.  It is
older but is on the strip by Bellagio, Caesars, Venetian,etc.  I am still
working on the Venetian, they will comp Thursday night but say they have no
availability F&S because of a conference.  I think there is still hope, but I
probably won't know until the week we go.

The rates at the Flamingo are  59, 169, 169 for 2 double beds.  If there are
5 of us, maybe we squeeze depending on what everyone wants, if there is more,
I say get another room.  At 169 a night, its only $100 or less per person for
both nights, not bad.  If you want your own bed, its going to be an extra $50
for the weekend.  I don't mind paying it, so if anyone is interested let me
know ASAP.  Otherwise, there is a strong chance you will be sharing a bed or
on a couch.

Arrivals
Thursday night  Hilgert, Neff
Friday AM  Gardener
Friday PM  Martin, Rogers, OB, Porter?

I think the first 3 will be playing golf on Friday, we can probably play
again Saturday if you all want.  I'll set up times, but confirm that you are
going to play and feel free to suggest a course.  Expect green fee to be $75
at the cheapest, more likely $125 -150, but you do get what you pay for.

Adios
BN


I have the pager with me but don't know if it's working.  Would you mind sending a test message?

Did you set up a lunch for me for tomorrow with David Mitchell?  It isn't on my calendar - or at least not the calendar I can access from the road.

Hope you had a good weekend!

Mark


Tom,

Thanks for the info.

What dates are you associating with Phase 1 and Phase 2?

Dave

 -----Original Message-----
From: 	Martin, Thomas A.
Sent:	Tuesday, January 08, 2002 10:12 AM
To:	Forster, David
Cc:	Winfree, O'Neal D.; Redmond, Brian
Subject:	Texas Desk EOL Product Rollout Schedule

As a follow up to the Texas Business plan submitted on January 7th, please find more detail on our desired product rollout schedule during phase 1 and 2.  If you have any questions call me at ext. 33079.

Tom

 << File: TXEOLRollout.xls >>


-----Original Message-----
From: 	Tucker, Patrick
Sent:	Wednesday, November 28, 2001 3:09 PM
To:	Pollan, Sylvia S.; Culotta, Lindsay; Murrell, Russell E; Plachy, Denver; Cuilla, Martin; Storey, Geoff; Yawapongsiri, Virawan; Mahmassani, Souad; Donohoe, Tom; Ruscitti, Kevin; Shively, Hunter S.; Lewis, Andrew H.; Giron, Darron C.; Frihart, Bryant; Roberts, Linda; Luce, Laura; Hogan, Irena D.; Vickers, Frank; Williams, Jason (Trading); Mims, Patrice L.; Simpson, James; Hodge, John; Keavey, Peter F.; Mckay, Brad; Mckay, Jonathan; Pereira, Susan W.; Pimenov, Vladi; Ring, Andrea; Savvas, Leonidas; Townsend, Judy; Versen, Victoria; Barbe, Robin; Concannon, Ruth; Goodell, Scott; Jones, David; Kaiser, Jared; Loving, Scott; Bates, Kimberly; Muhl, Gil; Smith, Maureen; Smith, Shauywn; Taylor, Craig; Willis, Jim; McCaffrey, Deirdre; Penman, Gregg; Kinsey, Lisa; Brady, Kevin; Pendergrass, Cora; Tucker, Patrick
Subject:	As it Was--EOL USGas Screen Capture as of about 0930

For everyone who might want a copy just for the sake of posterity--


Jeff:

You are quite correct about the facts of the arrangement.  However, between
the previous fixed price deal we did on the alternative settlement  and this
most recent agreement, we have lost $10,000 plus $12,500 for a total of
$22,500 on this one case.  In both situations, our hours were required by
the expanded press of the work in the hearing, and the uncertainty that is
involved in estimating the cost of hearing work is always difficult to deal
with.  As you will no doubt recall, on our last arrangement, I provided an
estimate that was much closer to what we have acutally spent on the GRI
hearing and briefing to date, which you then proceeded to propose paring on
an essentially arbitrary basis.  I unable to plead anything other than brain
disfunction as to why I agreed with your numbers, which I knew would be too
low.  So here we are.   In response to your proposal, I offer two
suggestions, one: we should split the difference between the estimate and
the actuals to date. That would mean you would pay $19,761 of the current
balance.  On that basis, we would prepare written comments and lobby for the
proposed decision when it comes out at no additional cost.  Two:  you pay
only the $15,000 that you propose ($13,500 plus the extra $1500), but we
clean the slate and start over on the file and any written comments or
lobbying on the proposed decision are paid for on a straight hourly basis.
I think either solution is fair to both sides.  We continue to absorb
losses, but get some additional compensation, you pay a bit more, but no
more than is fair, and there is still substantial commercial value in the
outcome of the case to warrant the regulatory expense.  If you want me to
explain the situation to Paul or Rick or Steffes in order to assist in
justifying the additional expense, I would be more than happy to do so.
Thank you, and I mean this sincerely, for considering our request for a
revision of the billing arrangements.  I am also willing to get together
today and talk about this face to face if you want.  Mike

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, October 10, 2000 9:27 AM
To: MDay@GMSSR.com
Subject: Bills for Gas Restructuring Activities

Mike:

We'd talked about getting together to discuss the bills for the case.  We'd
originally agreed to a flat fee of $13, 500 (if memory serves) with a bonus
for coming in under the cap.  You've sent me bills (as of August 17
according to my records) for over $25,000.  As you recall, we had a very
lengthy discussion regarding the magnitude of the work associated with the
hearings and associated briefs.  I stressed that $13.5 was what I'd spend
and that we'd have to do the best we could within that constraint, which is
why I pressed for a flat fee arrangement at the outset.  With that in mind,
I believe that it's important to honor the arrangement.  However, in light
of the particular circumstances in this case, I'm willing to exceed the
previous arrangement for a total of $15,000, but can't go above that.  If
you'd like to discuss it further, I'd be happy to talk about it.  Let me
know.

Best,
Jeff


ICG Cuts Staff by 35%, to Spin Off Japanese and Euro Units

WAYNE, Pa. (VENTUREWIRE) -- Publicly traded Internet Capital Group (ICG),
which funds and supports business-to-business Internet commerce companies
through a network of partner companies, said it laid off 35% of its
workforce. The layoffs came with the company's third quarter report, in which
the company reported losing $263.9 million. The company said it would
intensify its focus on its top 15 companies. The firm will also spin off its
European and Japanese units into independent companies in which ICG will
retain a substantial equity stake. ICG also said it sold its equity stake in
technology platform company Centirmed to Global Health Care Exchange for an
undisclosed amount. ICG portfolio companies include AssetTrade.com, Delphion,
eCatalogs, e-Chemicals, Onvia.com, PaperExchange, USgift.com, and Vivant!
http://www.internetcapital.com

______________________________________________________-

X.com Shuts Down Online Banking, Continues Payment Services
?PALO ALTO, Calif. (VENTUREWIRE) -- X.com said it is shutting down its online ?financial services, including the Internet banking unit of First Western ?National Bank, to focus on online payment systems. X.com said there will not ?be any lay-offs resulting from the change. The company's financial services ?will close on December 1st and will stop taking deposits on November 20th. ?The company said its online payment business has consistently outshined its ?financial services, a situation exacerbated by the company's merger with ?online payment company PayPal in March. X.com is backed by Credit Agricole, ?Deutsche Bank, Digital Century Capital, Goldman Sachs, Hikari Tsushin, ?idealab! Capital Partners, J.P. Morgan, Madison Dearborn Partners, Qualcomm, ?and TAMC. ?http://www.x.com?______________________________________________________-??Venture Capital Investment Down in Third Quarter, Report Says??Venture capitalists curbed first-time investments and focused on existing ?portfolio companies in the third quarter, leading to a slight drop in venture ?funding across the country and in Texas, according to PricewaterhouseCoopers' ?MoneyTree report.  In Houston, venture capital investing grew 178 percent ?from the second quarter to $142.3 million, fueled mainly by the record $90 ?million raised by online research company Questia Media.??Nationwide, venture investing dropped from $19.8 billion in the second ?quarter to $17.6 billion in the third quarter, but was still almost twice the ?$8.9 billion recorded in the third quarter of 1999.  In Texas, the figure ?dropped from $1.084 billion in the second quarter to $1.013 billion in the ?third quarter, but was still more than the $519 million reported for the ?third quarter of 1999.??"People have the money to invest but are reluctant to be first with a new ?company," said Charles Szalkowski, an attorney with Baker Botts. "There's ?been lots of follow-on money for a company that's seen investments in the ?past, but there's not a hurry to be the first with a new, unproven company."??Houston outpaced the $51.4 million raised in the second quarter of 2000 and ?the $42.9 million reported for the third quarter of 1999.??In addition to the record venture capital raised by Questia, other local ?companies that received money included e-commerce company ECOutlook ($25.2 ?million), oil-field services firm OneOffshore ($15 million), radiology ?network management firm HealthHelp ($3.5 million) and medical device company ?Interferometrics ($1.5 million).?____________________________________________________??Analytical Modeling Software Developer Raises $4.2 Million?
LONDON (VENTUREWIRE) -- Autonomics, which develops analytical modeling
software, raised GBP 3 million ($4.2 million) in its initial funding. The
round was secured from Billam, a publicly traded U.K. venture capital
investor recently formed from the shell of an industrial company. Billam said
the company will use the funding to take its product to market, ramping up
development and marketing activities. As a result of the investment Billam
will place a representative on the Autonomics board of directors. Telephone
+44-207-702-5544.
_______________________________________________

Wireless Firm Blue Wireless Raises $6 Million First Round
?BURLINGAME, Calif. (VENTUREWIRE) -- Blue Wireless, a developer of ?voice-enabled applications for wireless services, said it has raised $6 ?million in its first round of financing from co-leads Storm Ventures, ?DaimlerChrysler Venture, and CMEA Ventures and the rest from Season ?International and undisclosed individuals. Tae Hea Nahm, a general partner at ?Storm Ventures, and Tom Baruch, a general partner at CMEA Ventures, will join ?the Blue Wireless board as its fourth and fifth members. Blue Wireless said ?it will use the funds to develop partnerships and to integrate its product ?with mobile technology.   ?http://www.bluewireless.com?____________________________________________??ASP for Legal Service Industry Gets $1.3 Million Seed Funds?
SAN FRANCISCO (VENTUREWIRE) -- eJur, which provides Web-based infrastructure
to law firms, corporate legal departments and government counsel through a
subscription-based application service, announced that it has raised $1.3
million in seed financing from individual investors.  The company used the
funds for product development, hiring, and to form strategic relationships.
eJur will begin beta testing by the end of the year.
http://www.ejur.com
____________________________________________

Corrent, Semiconductor Developer, Launches With $9.5 Million
?TEMPE, Ariz.  (VENTUREWIRE) -- Corrent, which develops semiconductor ?technology, said it launched with a $9.5 million first funding. Battery ?Ventures is the sole investor in the company. Corrent is developing network ?security chips for securing virtual private networks and e-commerce ?transactions at fiber optic speeds over the Internet. The company currently ?employs 18 and is developing a 12,000 square foot headquarters in Tempe, with ?plans to expand to 70 employees over the course of the next year. ?http://www.corrent.com??___________________________________________??Israeli Wireless Company WaveIP Gets $5 Million First Round?
TEL AVIV, Israel. (VENTUREWIRE) -- WaveIP, an Israeli-based fixed wireless
company that designs, manufactures and markets digital networking
transmission products and services, said it has raised $5 million in its
first round of funding led by VAL Investments Group, an affiliate of
Verticality Investments Group. The company said it will use the funds to grow
the company.
http://www.verticality.com


Put me in for Diana Ross.  Do we get to invite our spouses?

Kathy Campos
02/05/2001 02:04 PM
To:	Pamela Daily/FGT/Enron@ENRON, James Saunders/FGT/Enron@ENRON, Tracy Geaccone/GPGFIN/Enron@ENRON, Morris Brassfield/OTS/Enron@ENRON, Caroline Barnes/FGT/Enron@ENRON, Bob Chandler/ET&S/Enron@ENRON, John Cobb/FGT/Enron@ENRON, Dan Fancler/ET&S/Enron@ENRON, Jennifer Lev/FGT/Enron@ENRON, Lisa Sutton/FGT/Enron@ENRON, John Keiser/FGT/Enron@ENRON, James Centilli/ET&S/Enron@ENRON, David Rosenberg/FGT/Enron@ENRON, Denis Tu/FGT/Enron@ENRON, Thomas Meers/GPGFIN/Enron@ENRON, Barney Brasher/FGT/Enron@ENRON, Larry Fenstad/OTS/Enron@ENRON, Elaine Concklin/ET&S/Enron@ENRON, Ellis Stern/GPGFIN/Enron@ENRON, Paul Cherry/GPGFIN/Enron@ENRON
cc:	Rod Hayslett/FGT/Enron@ENRON

Subject:	HOUSTON RODEO 2001

Rod has purchased two performances at the Houston Livestock Show & Rodeo in the Columbia Suites.  He would like to extend this offer to you and
employees in your group.

     Day  	   Date	Show Time	Performer

   Friday      February 16	 7:00 PM	Diana Ross

   Sunday      March 4   	 3:35 PM	LeAnn Rimes & Billy Gilman

I will need a reply by Thursday, February 8, 2001.  When you reply please specify what performance you are interested in.  Once all replies are in we will be having a drawing.

FYI - Due to construction, there will be no parking at Reliant Park.

Thank You,
Kathy Campos


I'm all for getting as much booked in Q1 as possible.

Fred Mitro@ECT
01/24/2001 06:07 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: SPA: Illinois Project Entities

thanks.  velocity of profits is my new mantra!!

Fred

Kay Mann@ENRON
01/24/2001 05:31 PM
To: Fred Mitro/HOU/ECT@ECT
cc: Rusty Stevens/Corp/Enron@ENRON, Ben Jacoby/HOU/ECT@ECT
Subject: Re: SPA: Illinois Project Entities

No TurboPark?  No GE or ABB issues?  I feel like I'm missing something....

I'll get up to speed asap.

Kay

Fred Mitro@ECT
01/24/2001 05:26 PM
To: Kay Mann/Corp/Enron@Enron
cc: Rusty Stevens/Corp/Enron@ENRON, Ben Jacoby/HOU/ECT@ECT

Subject: SPA: Illinois Project Entities

Kay:

As we discussed, I have been working with a counterparty interested in
purchasing one or both of ENA's Illinois development project LLC's.  The
counterparty is listed below:
  PSEG Americas Development Company, L.L.C.
  35 Waterview Blvd.
  Parsippany, NJ  94105

The key points of the proposed transaction are:

1.  The transaction would be an outright purchase of 100% of the member
interests in one or both of the following project entities:

 Kendall New Century Development, L.L.C.
 Titan Land Development Company, L.L.C.

2.  The purchase price of 100% of the member interests would be:

 Kendall New Century Development, L.L.C.: $3,000,000.00
 Titan Land Development Company, L.L.C.: $6,000,000.00

Lisa Mellancamp was the ENA attorney who handled the CA between ENA and PSEG
before Christmas.  At the end of November, Lisa engaged Corey Brown at
Bracewell & Patterson to handle the preparation of a draft Securities
Purchase Agreement in conjunction with our discussions with Coastal Power.
Corey prepared a draft SPA based upon an option to purchase structure, but
Coastal Power backed away from the transaction in early December.

I have received a letter from PSEG Power LLC indicating their interest in
proceeding with a transaction in the near future.  I will forward you a copy
of this letter for your records.  They have verbally indicated that the
Purchase Price(s) of $3 MM and $6 MM respectively, are acceptable to them.

I believe that this is the appropriate time to bring you into the process and
transfer things from Lisa to yourself.  Please call me to discuss the SPA
once you have reviewed the appropriate documents.  I will be in Chicago
tomorrow.  I can be reached by cell at (713) 412-4612 or leave me a
voicemail.  I will be in the Houston office by noon on Friday.

Thanks,
Fred


Eric Bass

Here is the information you requested from us. The password hint you provided
when you registered with Hotwire is:

Personal ID (HS)

If you need any further assistance, check the FAQ's in the Help section of
our web site, or call (toll free) 888-362-1234 any time.

Thank you for using Hotwire - your inside connection to the best online
deals!


---------------------- Forwarded by Steven J Kean/NA/Enron on 05/01/2001
07:35 AM ---------------------------

John Sherriff@ECT
05/01/2001 02:15 AM
To: Jackie Gentle/LON/ECT, Steven J Kean/NA/Enron, Richard
Shapiro/NA/Enron@Enron, Fiona Grant/LON/ECT@ECT
cc: Lauren Urquhart/LON/ECT

Subject: Entry tax to dergulating markets

The Forbes April 30, 2001 editorial piece "Slow Starters" on page 24 discusses
the "entry tax" which is the capital burden for starting a new business.  It
states that rich countries
on average have relatively low entry costs while poor countries have
stagering entry costs caused
by corruption, endless beuacracy, and cost of delays.  These "entry hurdles"
and asscoiated costs
do not produce any tangible benefits for consumers, workers or the
environment.

We might want to make the analogy of "entry tax" for new deregulated gas &
power markets.  Things like
negotiated third-party access (rather than regulated TPA) substantially slow
the speed of new entrants and hence deter competition.
Negotiated TPA creates uncertainty for new entrants (they never know what
they are going to get) and clearly slows
the new comers down.

I will send you a copy of the Forbes piece.

John


Here is another email about theTrust's damage theories about which I wrote
in an earlier email.  YOu may want to print this out until you get through
the 3-4 emails I"m forwarding to you about this subject.  Thanks.
---------------------- Forwarded by Melanie Gray/HO/WGM/US on 01/30/2001
02:26 PM ---------------------------

"Greenswag, Douglas" <douglas.greenswag@leonard.com> on 01/30/2001 08:37:29
AM
cc:   "Beth Nelson" <beth.nelson@leonard.com>, "Catherine Horton-Morin"
      <catherine.hortonmorin@leonard.com>, "Catherine McEnroe"
      <catherine.mcenroe@leonard.com>, "Dan Oberdorfer"
      <dan.oberdorfer@leonard.com>, "Eric A. Henzy Esq. (E-mail)"
      <ehenzy@reidandriege.com>, "James Bertrand"
      <james.bertrand@leonard.com>, "Noah Hall" <noah.hall@leonard.com>
Subject:  RE: Could this be Trust counsel's argument?

?Leonard, Street and Deinard
Joint Defense Group Privileged Communication

January 30, 2001

Re:  Trust's Damage Theory.

Dear Counsel:

I think Tim is correct when he lays out the Trust's damage theory.   While
we should anticipate it and have a response in our brief, I suggest there
are a number of flaws.

1.   The damage language for Seller non-delivery expressly provides that
no damages are allowed where the non-delivery was "caused" by the buyer.
"Cause" is an undefined term as far as I can see.   We will, of course,
argue that cause necessarily includes PCA's prospective inability to
perform
and its actual business failure.  If "cause" were limited to situations
where the buyer affirmatively refuses to take the power, then a dying
marketer could  make millions simply by keeping its mouth shut.

2.   The logical extension of the Trust's argument (that you have to run
through the two step damage analysis regardless of the reasons for one
party's failure to perform) is that, as noted above, a shaky marketer could
time its failure in a rising market and thus assert millions in damage
claims by never telling counterparties it would not accept delivery of
power.

3.   The Trust's argument presupposes that we had no legal right to
demand adequate assurance and take steps to protect ourselves.  The
reference to the "exclusive" nature of the damage remedy has nothing to do
with our right to demand adequate assurance.  Rather, that remedy provision
expresses the "exclusive" means for calculating the amount of damages in
the
event the seller breaches, and does not address the question of whether, in
fact, the seller actually breached the contract.

Regards.

Douglas B. Greenswag, Esq.
Leonard, Street and Deinard
150 S. Fifth Street, Suite 2300
Minneapolis, MN 55402

Phone:? (612) 335-1527
Fax:????? (612) 335-1657
Email:??? Douglas.Greenswag@leonard.com
<mailto:Douglas.Greenswag@leonard.com>

THIS MESSAGE IS PRIVILEGED AND CONFIDENTIAL

_________________________________

NOTICE:  The information contained in this electronic mail transmission
is intended by Leonard, Street and Deinard for the use of the named
individual or entity to which it is directed and may contain information
that is privileged or otherwise confidential.  It is not intended for
transmission to, or receipt by, anyone other than the named addressee
(or a person authorized to deliver it to the named addressee).  It
should not be copied or forwarded to any unauthorized persons.  If you
have received this electronic mail transmission in error, please delete
it from your system without copying or forwarding it, and notify the
sender of the error by reply email or by calling Leonard, Street and
Deinard at (612) 335-1500 (collect), so that our address record can be
corrected.
________________________________

-----Original Message-----
From: Baird, Tim [mailto:tim.baird@troutmansanders.com]
Sent: Monday, January 29, 2001 7:02 PM
To: Billeck, Jason; Casher, Dick; Dweck, Jake; Fisher, Mark; Goldberg,
Tom; Gray, Melanie; Greenswag, Douglas; Hedberg, Steven; Henzy, Eric;
Jim Nolan; MacIntyre, Bruce; Martini, Deidre; McFarland, Mitch; Murphy,
Rick; Oberdorfer, Dan; Stenglein, Mike; Steve Northup; Strasburger,
John; Tim Baird; Trostle, Patrick; Turner, Paul; Zuch, Sharyn
Subject: Could this be Trust counsel's argument?

Troutman Sanders Mays & Valentine LLP

                         Timothy S. Baird
                         Phone:  (804)  697-1227
                         Fax: (804) 697-1339
                         tim.baird@troutmansanders.com

Joint Defense Privileged Communication

Group -

Paul Turner and I were discussing the following interpretation of the
liquidated damages clause in PCA's confirmations, which we believe is
likely
going to be Trust counsel's argument in the mediation.

The language of the liquidated damages provision (LD Provision), which I
have simplified, is as follows:

"Damages for Non-Performance

(1) For this firm transaction, if the Buyer fails to schedule and/or to
receive the Quantity, where such failure was not excused . . . by Seller,
Buyer shall pay Seller (on the date payment would otherwise be due under
this transaction) an amount for each MWh of such deficiency equaling the
sum
of: (i) [the contract price] minus (ii) [the market price]; provided
however, if the amount determined in the preceding clause is negative, then
the amount shall be equal to zero for purposes of calculating the
deficiency
payment.

(2) For this firm transaction, if the Seller fails to schedule and/or to
deliver the Quantity, where such failure was not excused . . . by Buyer,
Seller shall pay Buyer (on the date payment would otherwise be due under
this transaction) an amount for each MWh of such deficiency equaling the
sum
of: (i) [the market price] minus (ii) [the contract price]; provided
however, if the amount determined in the preceding clause is negative, then
the amount shall be equal to zero for purposes of calculating the
deficiency
payment.

(3) [acknowledgement that these provisions are for liquidated damages and
not a penalty]

(4) [exclusive remedy provision]"

To illustrate how I think that the Trust interprets this LD Provision, lets
assume that PGET had a contract to sell power to PCA for delivery at
Cinergy
during July-August 1998 at a price of $50/MWH ("the Transaction").  Let's
assume that, based on PCA's payment or delivery defaults, PGET terminates
the Transaction and all other forward transactions with PCA in late June
1998.  Let's assume further that the market price for power at Cinergy was
$100/MWH on the date of termination (without getting into whether you look
to index price of forward price).

The Trust will argue that PCA failed to schedule and/or receive power from
PGET under the Transaction, and therefore PCA must make "the deficiency
payment" to PGET under clause (1).  Under clause (1), however, this
deficiency payment would be zero.

The Trust will argue further that PGET also failed to schedule and/or
deliver power to PCA under the Transaction, and therefore PGET must make
"the deficiency payment" to PCA under clause (2).  Under clause (2), PGET
would have to make a deficiency payment of $50 times the Quantity.

The Trust will argue further that, under the express contractual language
of
the LD Provision, it doesn't matter whether PCA was able to actually
perform
under the Transaction.  The parties' intent in entering into an agreement
containing the LD Provision was to require each party to pay "the
deficiency
amount" in the event that the Transaction is not performed.  The only
situation where a party would NOT have to pay "the deficiency amount" is
(a)
in the event of force majeure, or (b) when the other party excuses
performance.  PCA will argue that, regardless of whether it was in default
or unable to perform, it did not excuse performance by PGET under the
Transaction.

The Trust will argue that this is the parties' express contract and sole
remedy in the event of non-performance.  Therefore, the Trust will argue,
it
does not matter whether PCA was able to perform the contracts.  If a
contract was not performed, then the damages are calculated under the LD
Provision.

The Trust will also argue that it does not matter whether PGET had a RIGHT
to terminate the Transaction because of PCA's default.  It only matters
that
the contract was not performed.

Moreover, I am confident that this interpretation of the LD provision is
the
basis for the "positive difference" damages calculation that Peter keeps
referring to.  With regard to damages, I imagine that the Trust will argue
that:

(A) Under direct book-outs, performance is excused; therefore, you net the
contract price of the two contracts.

(B) Under all other transactions, you look solely at whether power was
scheduled and/or delivered.  If not, then you calculate each party's
liquidated damages, with respect to each and every transaction, under
clauses (1) and (2) of the LD Provision.

The advantage this line of argument is obvious:

(1)  It is based on the express language of the confirmation statement that
the Trust will contend was part of the contract;

(2)  It is a simple response to the inability to perform argument; and

(3)  It actually makes sense in the context of a commodities market.

This is what we are going to hear from the Trust in their mediation
submission.

"'Baird, Tim'" <tim.baird@troutmansanders.com>; "Billeck, Jason"
<jason.billeck@weil.com>; "Casher, Dick" <CasherRF@bingham.com>; "Dweck,
Jake" <jdweck@sablaw.com>; "Fisher, Mark" <mfisher@schiffhardin.com>;
"Goldberg, Tom" <tdgoldberg@dbh.com>; "Gray, Melanie"
<melanie.gray@weil.com>; "Greenswag, Douglas"
<douglas.greenswag@leonard.com>; "Hedberg, Steven" <HEDBS@PerkinsCoie.com>;
"Henzy, Eric" <ehenzy@reidandriege.com>; "Jim Nolan" <JNolan@maysval.com>;
"MacIntyre, Bruce" <macib@perkinscoie.com>; "Martini, Deidre"
<d-martini@ibolaw.com>; "McFarland, Mitch" <mmcfarland@lockeliddell.com>;
"Murphy, Rick" <RGMurphy@SABLAW.COM>; "Oberdorfer, Dan"
<dan.oberdorfer@leonard.com>; "Stenglein, Mike" <mike.stenglein@weil.com>;
"Steve Northup" <SNorthup@maysval.com>; "Strasburger, John"
<john.strasburger@weil.com>; "Tim Baird" <TBaird@maysval.com>; "Trostle,
Patrick" <TrostlPJ@bingham.com>; "Turner, Paul" <pturner@SABLAW.COM>;
"Zuch, Sharyn" <SBZ@Wiggin.com>

**********NOTE**********
The information contained in this email message is intended only
for use of the individual or entity named above.  If the reader
of this message is not the intended recipient, or the employee or
agent responsible to deliver it to the intended recipient, you
are hereby notified that any dissemination, distribution or
copying of this communication is strictly prohibited.  If you
have received this communication in error, please immediately
notify us by telephone (713-546-5000), and destroy the original
message. Thank you.


Ultimately more definition, but for now, it's a good start.

James Saunders
12/12/2000 08:47 AM
To: Rod Hayslett/FGT/Enron@ENRON
cc:

Subject: Re: 2001 Goals

Regarding the preliminary list, generally,
are you "ok" with what we sent you?
Or, were you looking for more stretch or creativity????


Have I received a fax from ABB?


Hey,

What's going on?  I've had a fabulous day...at least it hasn't been boring.
Anything interesting in your world?

It's the first night and I already want to skip my GMAT class.  I may come
visit you before I go to my class.  I don't want to hang around down here
until 6.   That is if you aren't too busy today.

Talk to ya later,
Robin


David:
Thanks for the info.  I've got the ACE confirm.
Carol


a belated response to my inquiry regarding Project Summer, and our Turkish
power station.  Do you want me to follow-up on the subsequent inquiry made in
India and Korea, i.e., will there be "political" costs to be paid, or will
our deal be held ransom to concessions extracted from us?  thanks mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 03/07/2000
14:56 ---------------------------

Fiona Grant
02/07/2000 20:50
To: Mark Schroeder/LON/ECT@ECT
cc:

Subject: Re: Project Margeaux -- Reg. Review Section

Mark -- while I have not asked our counsel in Ankara to look  into this
specifically, I have made a couple of discrete enquiries on this front and
can confirm that the Turkish Gov't would need to be involved in a transfer of
ownership for Trakya or any kind of re-financing along the lines of Project
Margeaux.   The MENR and TEAS (elec. company) are the two principals in this
discussion.   FG

Mark Schroeder
02/06/2000 11:50
To: Fiona Grant/LON/ECT@ECT
cc:

Subject: Re: Project Margeaux -- Reg. Review Section

Thanks, when you were looking at this, and I do not see it in the attachment,
is this question:  are any regulatory approvals required, by Government
Ministry or Competition Authority, to transfer effective ownership or control
of the Trakya assets, whether as envisioned in Project Margaux, or by other
financing that would effectively look like an asset or equity sale?  thanks
mcs

Fiona Grant
02/06/2000 11:40
To: Mark Schroeder/LON/ECT@ECT
cc:

Subject: Project Margeaux -- Reg. Review Section

Apologies, had meant to do this before I left last night!

This is the information I supplied on regulatory issues as part of the
overall Project Margeaux due diligence process.  Let me know if there is
anything further I can send on the subject...

Fiona


501436

should there be a fee on this deal.

thanks


Click on right mouse button and hit choose play!!

gf
----- Forwarded by Genia FitzGerald/HOU/ECT on 10/02/2000 08:00 AM -----

	Anthony Campos
	10/02/2000 06:01 AM

		 To: Anthony Campos/HOU/ECT@ECT
		 cc: (bcc: Genia FitzGerald/HOU/ECT)
		 Subject: FW: [Fwd: FW: cat fight]

---------------------- Forwarded by Anthony Campos/HOU/ECT on 10/02/2000
05:55 AM ---------------------------

<Raquel.Rios@chase.com> on 09/28/2000 03:26:15 PM
To: Amanda Ashley <AshleyA@houstoncellular.com>, Anthony.Campos@enron.com,
clementr@houstoncellular.com, betsycontreras@netscape.net, "Escobar, Sonya"
<Sonya.Escobar@Domco.ca>, Richard Evans <EvansR@houstoncellular.com>, "Dee
Grimes" <dgrimes@pdq.net>, "Chett Heitman" <chettheitman@hotmail.com>, "Hill,
N'Namdi" <N'Namdi.Hill@Domco.ca>, christi.jones@bankofamerica.com,
rckender@texaschildrenshospital.org, Dovie_Keprta@enron.net,
Johnny.L.Lynch@chase.com, allen.maurer@mailgate.telecheck.com,
dalora_miller@CAC.co.harris.tx.us, MnKNieto@aol.com, artoc1@yahoo.com,
busamuv23@aol.com, albertp@starpipeproducts.com, Laura Radford
<RadfordL@houstoncellular.com>, "Lisa M. Rios" <Lrios@houcrt.com>, "Rose,
Brian" <ROSE_BRIAN@da.co.harris.tx.us>, rvillegas@chartertitle.com,
"Satchell, Kwame K" <satchkk@texaco.com>, scarr0315@aol.com,
Samuel.Schott@enron.com, Suzan_L_Seggerman@Aldine.K12.Tx.Us,
vickie_sims@valic.com, "Fraser Stanley-Jones" <fraser.sj@isst.org>,
swainka@texaco.com, "Tidwell, Stephen D" <Stephen.Tidwell@SW.Boeing.com>,
"Villegas, Gabriella" <gvillegas@hgac.cog.tx.us>
cc:
Subject: FW: [Fwd: FW: cat fight]

this is cute, totally cute!!!!!!!
-

 - cat_fight.mpg


Chris,

Here is our explanation of the 5 Day loss violation.  Let me know if you need
any more information.

Due to a forecast for mild November weather, futures prices have fallen
sharply over the last five days.   Nymex futures prices have fallen a total
of $0.68 over the last five days.  The Gas desk's loss is primarily driven by
a long price position held by the Financial desk, which averaged 7, 295
contracts over the same period.

Robin


please print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/18/2000
09:00 AM ---------------------------

Mark Tawney
10/17/2000 06:55 PM
To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Weather Announcement


Thanks Morris.  We will go on Confirming these deals.  Peter.

 -----Original Message-----
From: 	Clark, Morris
Sent:	Tuesday, June 26, 2001 12:37 PM
To:	Keohane, Peter; Hedstrom, Peggy; Seib, Dianne; Scott, Laura
Subject:	RE: Financial Confirms

Peter,

The usage of RMT is driven by a state tax planning structure that was implemented in 1997/1998.  Simply put, by intermediating intercompany trades through RMT we are able to lower Enron's Texas Franchise Tax significantly (in fact, since rolling out the RMT structure we were able to reverse state income tax reserves of approximately $50-60MM).

The Texas Franchise Tax is essentially a "pseudo" income tax that applies to all companies doing business in the state of Texas.  Under the tax, Texas sourced receipts are taxed at a rate of 4.25%.  Income from intangible property (ie. income from trading contracts) is sourced based on the "location of the payor".  In the case of corporations, the location of the payor or legal domicile is where the mind and management of the company is located.  (Obviously, for ENA and most of the domestic Enron affiliates the legal domicile is Texas).  Thus, prior to RMT, all trades between ENA and the domestic affiliates were sourced to Texas for franchise tax purposes (which trades were numerous as ENA was the risk management center for the Enron family).  RMT was established as a Delaware corporation with absolutely NO contacts with Texas (ie. mind and management in Delaware) with a business purpose of consolidating all of Enron's risk management activities.  By utilizing RMT as the counterparty on affiliate trades we are able to source a significant portion of ENA's income away from Texas (and suprisingly enough, into Delaware -- which does not have an income based Franchise Tax).

The tension with the RMT structure is on the "business purpose".  In other words, we need to be very careful that we can show that RMT is acting as a true risk consolidating entity for Enron (thus, the reason for using RMT for international affiliates--including ECC).  With this in mind, we need to document the trades with RMT meticulously (must show that we document similarly to what we do with third parties), including confirming all of the trades.  While I can appreciate that this causes quite a bit of administrative burden, I think we should continue to confirm with RMT until we can show that it is no longer Enron's business practice to send out confirms.  (Just FYI -- we just successfully completed a Texas franchise tax audit which upheld the integrity of RMT, but only after providing details as to how RMT properly documented the intercompany transactions).

Sorry to be so long winded, but I thought you could appreciate some of the background.  Please give me a call so that we can discuss further.  Thanks.

MRC
 -----Original Message-----
From: 	Keohane, Peter
Sent:	Tuesday, June  26, 2001 12:59 PM
To:	Hedstrom, Peggy; Seib, Dianne; Clark, Morris; Scott, Laura
Cc:	Taylor, Mark
Subject:	FW: Financial Confirms

Please see attached response from Mark T.

If tax and audit is OK, we can do away with RMT/ENA Confirms.  Morris/Laura?

With respect to EOL transactions and doing away with Confirms for certain counterparties, you will see from Mark's note that this is still a work in process, and Confirms still need to go out.

Mark:  I thought there was only ONE Mark Taylor - I will leave it to others to determine whether it is a good or bad thing that there are two of you kicking around.  If I were you I would tell IT to back off and then try arb HR by using the confusion to receive to paychecks.  I am happy to help re: Canadian Law if you want to look into an agreement re: the EOL Confirms for designated Canadian counterparties.

Peter.

 -----Original Message-----
From: 	Taylor, Mark
Sent:	Tuesday, June 26, 2001 11:36 AM
To:	Keohane, Peter
Subject:	RE: Financial Confirms

Regarding the need for the RMT confirms, I have always thought this was really a tax issue and that for audit purposes they were needed.  If that is not the case, I don't object to doing away with them altogether.

We have approved doing away with confirms for EOL trades on a counterparty by counterparty basis.  We haven't actually gotten there with anyone yet, having just started the actual discussions this week.  Our plan was to negotiate an written agreement with each affected counterparty to amend the master agreements where appropriate.  Initially we are only working on physical power, physical natural gas and derivatives transactions (other than weather).  The idea is that a lawyer from each affected group would be involved to insure that all of the bases are properly covered.  This will obviously be a very time-consuming and laborious process.  The initial list of 10 or 15 counterparties to approach was selected by the back office people.  Our conclusion that this was even possible was based only on Texas and New York law analysis.  If any Canadian deals are at issue, we will need to get you involved both for the analysis and the negotiations.

Hope this is helpful.  Let me know if it makes sense to you.

Mark

P.S. -- Please be careful when sending e-mails to me.  There are two Mark Taylors and we're hard to tell apart.  The other guy has his middle initial ("A") in some of the lists and sometimes there is a globe next to his name, but not mine.  My name usually has my phone number next to it.  We're trying to get the IT people to do something to better distinguish us.
 -----Original Message-----
From: 	Taylor, Mark
Sent:	Monday, June 25, 2001 11:43 AM
To:	Taylor, Mark
Subject:	Financial Confirms

---------------------- Forwarded by Mark A Taylor/EFS/EES on 06/25/2001 12:45 PM ---------------------------
From:	Peter Keohane/ENRON@enronXgate@enronXgate on 06/25/2001 11:00 AM CDT
Sent by:	Sharon Crawford/ENRON@enronXgate
To:	Mark A Taylor/EFS/EES@EES
cc:	Peggy Hedstrom/ENRON@enronXgate, Dianne Seib/ENRON@enronXgate, Laura E Scott/ENRON@enronXgate, Morris Richard Clark/ENRON@enronXgate, Greg Johnston/ENRON@enronXgate, Mark Powell/ENRON@enronXgate, Chris Gaffney/TOR/ECT@ECT, Derek Flaman/ENRON@enronXgate, Linda Sietzema/ENRON@enronXgate, Sharon Crawford/ENRON@enronXgate
Subject:	Financial Confirms

Mark, I wanted to track down two procedural matters with you respecting financial confirms:

1.	Currently we generate approximately 40-50 confirmations each day between ECC and ENA/RMT, which creates some significant administrative and filing burdens.  I am generally aware, but not precisely clear on the details, that there has been a recent decision that for certain counterparties, or at least with respect to EOL transactions, that Confirms are no longer necessary.  If in fact this is the case, can we do away with the formal confirmation procedures between ECC and ENA/RMT where there is not likely to be any dispute.  [Morris/Laura, if we do away with the formal confirms between ECC and ENA/RMT, and provided that we have a TAGG or Sitara Deal Ticket, is there any ancillary tax purpose for generating confirms between ECC and ENA/RMT?]

2.	In the same vein, for certain non-inter-company financial transactions completed on EOL, I understand that it has been approved not to send Confirms.  Again, Mark can you please clarify this policy for me, including how we determine for which counterparties this ought to apply in Canada.  It was my (again general) understanding that it may have depended upon the wording of the Master Agreement with the counterparty and/or the volume of  transactions executed with the counterparty.

Please let me know.

Regards,
____________________________________
Peter C.M. Keohane
Vice President, Assistant General Counsel
and Secretary
Enron Canada Corp.
3500, 400 - 3rd Avenue S.W.
Calgary, Alberta  T2P 4H2
Phone:	(403) 974-6923
Fax:	(403) 974-6707
E-mail:	peter.keohane@enron.com


Mike,
   Came accross a few more searches I wanted to speak to you about. One is a
Bank in NY starting an energy desk looking for traders,originators, etc, and
the second is an investment bank building a desk in Houston. Looking for
someone who has run an east or west power or gas desk to be head. Wasn't
sure what your status was. Call me when you have time to speak more in
detail. Regards, Jim

> -----Original Message-----
> From:	Mike.Maggi@enron.com [SMTP:Mike.Maggi@enron.com]
> Sent:	Friday, January 04, 2002 2:08 PM
> To:	James.Gillespie@robertwalters.com
> Subject:	RE: follow up
>
> Just wanted to check in and see if there is anything new going on. If you
> are currently working on anything interesting in the northeast please let
> me know. Thanks
>
>     -----Original Message-----
>    From:   James Gillespie <James.Gillespie@robertwalters.com>@ENRON
>    Sent:   Wednesday, December 05, 2001 2:48 PM
>    To:     'mmaggi@enron.com'
>    Subject:  follow up
>
>    Mike,
>        I wanted to follow up with you in regards to some positions that
>    i've
>    come accross on the east coast. feel free to call me to discuss
> further.
>    Regards, jim
>
>    James Gillespie
>    Senior Executive Recruiter
>    Robert Walters
>    Telephone: 212-704-9900
>    Fax: 212-704-4312
>    james.gillespie@robertwalters.com
>
>
>
>    **********************************************************************
>    CAUTION: Electronic mail sent through the Internet is not secure and
>    could
>    be intercepted by a third party.
>
>    This email and any files transmitted with it are confidential and
>    intended solely for the use of the individual or entity to whom they
>    are addressed. If you have received this email in error please notify
>    the system manager.
>
>    This footnote also confirms that this email message has been swept by
>    MIMEsweeper for the presence of computer viruses.
>
>    **********************************************************************
>
>
>
> **********************************************************************
> 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.
> **********************************************************************
>
> **********************************************************************
> CAUTION: Electronic mail sent through the Internet is not secure and could
> be intercepted by a third party.
>
> This email and any files transmitted with it are confidential and
> intended solely for the use of the individual or entity to whom they
> are addressed. If you have received this email in error please notify
> your systems administrator.
>
> This footnote also confirms that this email message has been swept by
> MessageLabs Virus Scanning Service. For further information visit
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> **********************************************************************


----- Forwarded by John J Lavorato/Corp/Enron on 01/21/2001 08:38 PM -----

	Christopher F Calger@ECT
	01/21/2001 04:00 PM

		 To: Barry Tycholiz/NA/Enron@ENRON
		 cc: John J Lavorato/Corp/Enron@Enron
		 Subject: California QFs - Gas Hedging

Barry,

FYI the California QF's are negotiating a settlement deal with Edison and the
state of California which would fix energy payments over five years.
Currently the energy payments are indexed to Socal Border because a majority
of the Edison QF's buy spot gas.  If this settlement happens, the QF's will
likely want to buy financial swaps.  The Edison gas-fired QF's represent
about 500MMCF/Day of gas.

Chris


---------------------- Forwarded by Mike Grigsby/HOU/ECT on 01/09/2001 03:26
PM ---------------------------

	Enron North America Corp.

	From:  Matt Motley                           01/05/2001 08:30 AM

To: Mike Grigsby/HOU/ECT@ECT
cc:
Subject: New Generation Report, December 1999

---------------------- Forwarded by Matt Motley/PDX/ECT on 01/05/2001 06:34
AM ---------------------------

Kristian J Lande

01/02/2001 06:15 PM

To: Christopher F Calger/PDX/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Frank W
Vickers/HOU/ECT@ECT, Elliot Mainzer/PDX/ECT@ECT, Michael McDonald/SF/ECT@ECT,
David Parquet/SF/ECT@ECT, Laird Dyer/SF/ECT@ECT, Jim Buerkle/PDX/ECT@ECT, Jim
Gilbert/PDX/ECT@ECT, Jeff G Slaughter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ed
Clark/PDX/ECT@ECT, Angela Cadena/PDX/ECT@ECT, Jonalan Page/PDX/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Mike
Swerzbin/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Phillip K Allen/HOU/ECT@ECT,
Todd Perry/PDX/ECT@ECT, Jeffrey Oh/PDX/ECT@ECT
Subject: New Generation Report, December 1999


you may have seen this before, but it is still funny

Kam I am getting you a blacklight for Xmas, if we are still working together...
BRuce

>.
>> >> It is impossible to lick your elbow.
>> >>
>> >> A crocodile can't stick it's tongue out.
>> >>
>> >> A shrimp's heart is in their head.
>> >>
>> >> People say "Bless you" when you sneeze because when you
>> >> sneeze, your heart stops for a millisecond.
>> >>
>> >> In a study of 200,000 ostriches over a period of 80 years,
>> >> no one reported a single case where an ostrich buried its
>> >> head in the sand (or attempted to do so - apart from Bones ).
>> >>
>> >> It is physically impossible for pigs to look up into the sky.
>> >>
>> >> A pregnant goldfish is called a twit
>> >>
>> >> Between 1937 and 1945 Heinz produced a version of
>> >> Alphabetic Spaghetti especially for the German market that
>> >> consisted solely of little pasta swastikas.
>> >>
>> >> In average, a human being will have sex more than 3,000
>> >> times and spend two weeks kissing in their lifetime.
>> >>
>> >> More than 50% of the people in the world have never made or
>> >> received a telephone call.
>> >>
>> >> Rats and horses can't vomit.
>> >>
>> >> The "sixth sick sheik's sixth sheep's sick" is said to be
>> >> the toughest tongue twister in the English language.
>> >>
>> >> If you sneeze too hard, you can fracture a rib. If you try
>> >> to suppress a sneeze, you can rupture a blood vessel in
>> >> your head or neck and die. if you keep your eyes open by
>> >> force, they can pop out.
>> >>
>> >> Rats multiply so quickly that in 18 months, two rats could
>> >> have over million descendants.
>> >>
>> >> Wearing headphones for just an hour will increase the
>> >> bacteria in your ear by 700 times.
>> >>
>> >> If the government has no knowledge of aliens, then why does
>> >> Title 14, Section 1211 of the Code of Federal Regulations,
>> >> implemented on July 16, 1969, make it illegal for U.S.
>> >> citizens to have any contact with extraterrestrials or
>> >> their vehicles?
>> >>
>> >> In every episode of Seinfeld there is a Superman somewhere.
>> >>
>> >> The cigarette lighter was invented before the match.
>> >>
>> >> Thirty-five percent of the people who use personal ads for
>> >> dating are already married.
>> >>
>> >> A duck's quack doesn't echo, and no one knows why.
>> >>
>> >> 23% of all photocopier faults worldwide are caused by
>> >> people sitting on them and photocopying their buttocks.
>> >>
>> >> In the course of an average lifetime you will, while
>> >> sleeping, eat 70 assorted insects and 10 spiders.
>> >>
>> >> Most lipstick contains fish scales.
>> >>
>> >> Cat's urine glows under a black-light.
>> >>
>> >> Like fingerprints, everyone's tongue print is different.
>> >>
>> >> Over 75% of people who read this will try to lick their
elbow.
>> >>


http://www.bpa.gov/ebr/personnelservices/employment/jobs_public.htm

Diane Cutsforth
Enron North America
Power Pre-Scheduling
503-464-3831 desk


Keith, last week you and I discussed briefly Facilities Planning's proposal
to change the service factor on the Gallup compressor in order to increase
capacity.  I believe you had concluded that a certificate application would
be necessary.  Now Arnold Eisenstein is asking me (thru our commercial
people) whether we would still have to make a filing if our certificated
capacity could be increased without any physical modification to the
compressor -- in other words, through a pressure commitment.  My initial
impression is yes, we would have to make a filing.  Am I out of my mind?
Does this make sense?  Please advise.


Mark - Does this have any budget implications?  We have an automatic
allocation to EBS in the 2001 budget which I'll assume remains the same
unless you tell me otherwise.

	Mark Schroeder@ECT
	01/05/01 06:42 AM

		 To: Lilian Low/SIN/ECT@ECT, Michelle Hargrave/HOU/ECT@ECT
		 cc: Steven J Kean/NA/Enron@Enron, Kristina Mordaunt/Enron
Communications@Enron Communications, Elizabeth Linnell/NA/Enron@Enron, Jim
Fallon/Enron Communications@Enron Communications, Roger Estrada/Enron
Communications@Enron Communications, Anthony Duenner/Enron
Communications@Enron Communications, Jan Haizmann/LON/ECT@ECT
		 Subject: Termination of David Merrill

David responded to my e-mail today, asking him to call me on Monday.  He
suspected bad news.  I told him he was terminated.  He is expecting to meet
Lilian on Monday, with her providing the paperwork.  I have told him, per my
conversation with Lilian, that he should direct questions regarding COBRA,
etc., to Michelle in Houston, as Lilian eschewed familiarity with some of
these nuances of US employment law.  We had a 30 minute conversation, he had
lots of question, I have taken copious notes in the event of any subsequent
legal issue arising (I do not expect any based on my conversation).  He was
quite surprised/shocked.  He asked about work in train.  I asked him to do a
list on Monday of projects in motion, with a list of contacts, e.g., law
firms/consultants, which he will do (Lilian - not sure what usual practice
is, but David wants to leave on a positive note, so he wants to leave his
work in progress in good shape; therefore, please accommodate him so that he
may at least complete these tasks on Monday, i.e., do not show him the door
at 10 a.m., thanks).  I said I would have to get out there to pick it up,
without mentioning that Kristina and I have discussed plans to meet in
Singapore very soon to resolve staffing/resourcing to support EBS Asia.
Please let me know if you need more or have any questions.

Lilian - please arrange for the Singapore switchboard, as of Tuesday a.m., to
indicate that David is no longer at Enron, and to redirect any business calls
to David, to Jan Haizmann or to me, as we will cover the regulatory
requirements until a replacement is found.  Jan's number is 44-207-783-4474,
you have my number.  The time zone difference is unfortunate, but this will
have to suffice for now, and in this way Jan and I can attempt to get our
hands around any issues hanging out there with regulators or consultants.
thanks  mcs


I apologize for not getting this out sooner.  Brent and his wife are running
behind and are currently at a second doctor's appointment.  Brent will be out
this afternoon and back in the office tomorrow morning.  If you need him
urgently, try his cell phone (832-368-3286).

Thanks!


1. 458641 is correct.

2. 458801

3. 458802

And 458718 has been changed to a PM expiry time.

Thanks,
Kate

Kerri Thompson@ENRON
11/14/2000 03:01 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: natsource checkout

missing deals:

buy el paso
cal 04
cob
50.25
25 mw
could be deal 458641???

buy ees
Q2
cob
52.95
50mw
off peak

selling constellation
Q2
cob
53.00
50 mw
off peak

also deal 458634, expiry time is wrong, should be pm


------------------------------------------------------------------------------------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

December 07, 2001 5:00pm through December 10, 2001 12:00am
------------------------------------------------------------------------------------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS:

Impact:   Corp
Time:   Fri 12/7/2001 6:00:00 PM CT thru Fri 12/7/2001 7:00:00 PM CT
	Fri 12/7/2001 4:00:00 PM PT thru Fri 12/7/2001 5:00:00 PM PT
	Sat 12/8/2001 London thru Sat 12/8/2001 1:00:00 AM London
Outage:   NAHOU-PSECN04P Repair
Environments Impacted:   Print Server
Purpose:   Cluster NAHOU-PSECN04V has failed drives
Backout:   replace old drives back in system
Contact(s):   Clark, Charles  713-286-5065

Impact:   Corp
Time:   Sat 12/8/2001 6:00:00 PM CT thru Sun 12/9/2001 6:00:00 AM CT
	Sat 12/8/2001 4:00:00 PM PT thru Sun 12/9/2001 4:00:00 AM PT
	Sun 12/9/2001 London thru Sun 12/9/2001 12:00:00 PM London
Outage:   Cron updates for Oracle HA test cluster server ernie
Environments Impacted:   EBS oracle testing environment.
Purpose:   General mainenance.
Backout:   Remove new cron jobs until we determine problem.
Contact(s):   Wells, Malcolm  713-345-3716

Impact:   Corp
Time:   Sat 12/8/2001 6:00:00 PM CT thru Sun 12/9/2001 6:00:00 AM CT
	Sat 12/8/2001 4:00:00 PM PT thru Sun 12/9/2001 4:00:00 AM PT
	Sun 12/9/2001 London thru Sun 12/9/2001 12:00:00 PM London
Outage:   Cron updates for Oracle HA test cluster server bert
Environments Impacted:   EBS oracle testing environment.
Purpose:   General mainenance.
Backout:   Remove new cron jobs until we determine problem.
Contact(s):   Wells, Malcolm  713-345-3716

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI: No Scheduled Outages.

EES:

Impact:   Corp
Time:   Fri 12/7/2001 6:00:00 PM CT thru Fri 12/7/2001 7:00:00 PM CT
	Fri 12/7/2001 4:00:00 PM PT thru Fri 12/7/2001 5:00:00 PM PT
	Sat 12/8/2001 London thru Sat 12/8/2001 1:00:00 AM London
Outage:   NAHOU-PSECN04P Repair
Environments Impacted:   Print Server
Purpose:   Cluster NAHOU-PSECN04V has failed drives
Backout:   replace old drives back in system
Contact(s):   Clark, Charles  713-286-5065

ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS:

ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING: No Scheduled Outages.

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS: No Scheduled Outages.

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY:

Impact:   Corp
Time:   Sat 12/8/2001 10:00:00 PM CT thru Sun 12/9/2001 2:00:00 AM CT
	Sat 12/8/2001 8:00:00 PM PT thru Sun 12/9/2001 12:00:00 AM PT
	Sun 12/9/2001 4:00:00 AM London thru Sun 12/9/2001 8:00:00 AM London
Outage:   Intuity VoiceMail Node 3 Emergency Maintenance
Environments Impacted:   Node 3 voicemail users
Purpose:   Unix Database file needs rebuilding to fix broadcat pointers.
Backout:
Contact(s):   Cynthia Siniard 713-853-0558

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

----------------------------------------------------------------------------------------------------------------------------
								FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management			(713) 853-5536
SAP/ISC                                                                               (713) 345-4727
Unify On-Call 					(713) 284-3757  [Pager]
Sitara On-Call					(713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS			(713) 639-9726  [Pager]
OSS/UA4/TARP				(713) 285-3165  [Pager]
CPR						(713) 284-4175  [Pager]
EDI Support 					(713) 327-3893  [Pager]
EES Help Desk					(713)853-9797 OR (888)853-9797
TDS -Trader Decision Support On-Call                    (713) 327-6032 [Pager]


mtouhey@velaw.com

 -----Original Message-----
From: 	Eric_Dobberteen@aporter.com [mailto:Eric_Dobberteen@aporter.com@ENRON]
Sent:	Wednesday, June 06, 2001 2:12 PM
To:	richard.b.sanders
Subject:	Blue Ribbon Panel

Richard, you may already have this or know about it, but there is a report done
by Cornerstone Research entitled "Pricing in the California Power Exchage
Electricity Market" located online at www.cornerstone.com/pdfs/blueribbon.pdf.
Do you have Mark Touhy's e-mail address?

----------------------------------------------------------------------
This communication may contain information that is legally privileged,
confidential or exempt from disclosure.  If you are not the intended
recipient, please note that any dissemination, distribution, or copying
of this communication is strictly prohibited.  Anyone who receives this
message in error should notify the sender immediately by telephone or
by return e-mail and delete it from his or her computer.
----------------------------------------------------------------------
Eric Dobberteen                    Eric_Dobberteen@aporter.com
Arnold & Porter                    Telephone:  (213) 243-4000
777 S. Figueroa St., 44th Floor    Fax:  (213) 243-4199
Los Angeles, CA  90017-5844

For more information about Arnold & Porter, click here:
        http://www.arnoldporter.com


Just to let you know, sort of a "heads up", that I have also invited Dave
Plumb
to the meeting this Friday.  I hope you can understand that I must follow
protocol here.  I suspect out past unsuccessful negotiations may be a topic of
discussion for him, however, I do not know this for a fact.

I told him you two were in the Valley making your Spring customer calls and
Mesa
was slated for approximately 10:30 a.m. until noon+(?) with lunch included.  I
thought we would go up the street to Rigatony's.  Sound good??

Dave, this might be an opportunity for you to ask any questions regarding the
electric RFP.  I don't know the results or if they have even made a decision
yet.

Hopefully we can talk about where we have been, where we are now, and what the
future looks like.  Also the possibilities and potential for continued
business.

Looking forward to seeing and visiting with both of you this Friday.

Jan


The UK has a new energy minister, Peter Hain.  As you will see from the
Electricity Association (UK)'s brief below, he should be regarded as much
greener, more interventionist, and populist than his predecessor, Helen
Liddell.  Ralph Hodge, David Lewis, and I met with Peter Hain, when he was
involved in Welsh development issues, to discuss our power project at Rassau
in Wales, and found him very supportive of the UK government's stricter
consents policy regarding gas-fired power generation, and not at all
favourably disposed to projects of the size being proposed for Rassau, i.e.,
1200 MW (he asked why we could not make it much smaller).  Helen Liddell was
scheduled to go to Washington DC in early February, and Hain may now be her
replacement, in which case some of our US-based enron colleagues will have an
opportunity to meet him.  let me know if you need more.   thanks  mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 25/01/2001
10:24 ---------------------------

"Neil Williams" <Neil_Williams@electricity.org.uk> on 25/01/2001 10:12:44
To: <Angela.lawrence@24sevenNet.com>, <chris.anastasi@british-energy.com>,
<jill.kent@british-energy.com>, <linda.smith@british-energy.com>,
<peter.haslam@british-energy.com>, <peter.inglis@british-energy.com>,
<robert.armour@british-energy.com>, <dburnell@csw.com>, "Alison Heath"
<Alison_Heath@electricity.org.uk>, "Christine Milburn"
<Cristine_Milburn@electricity.org.uk>, "David Porter"
<David_Porter@electricity.org.uk>, "Derek Baggs"
<Derek_Baggs@electricity.org.uk>, "Gwyn Dolben"
<Gwyn_Dolben@electricity.org.uk>, "Hazel Abbott"
<Hazel_Abbott@electricity.org.uk>, "Jenny White"
<Jenny_White@electricity.org.uk>, "John Cotterell"
<John_Cotterell@electricity.org.uk>, "Jo DeBank"
<Jo_deBank@electricity.org.uk>, "Kathryn Morris"
<Kathryn_Morris@electricity.org.uk>, "Les Waters"
<Les_Waters@electricity.org.uk>, "Maggie Deighton"
<Maggie_Deighton@electricity.org.uk>, "Mira Lobo"
<Mira_Lobo@electricity.org.uk>, "Neil Williams"
<Neil_Williams@electricity.org.uk>, <David.Lewis@enron.com>,
<Herman.Busschots@enron.com>, <mschroeder@enron.com>, <Nblanck@enron.com>,
<Paul.Dawson@enron.com>, <Tani.nath@enron.com>, <mwedg90@entergy.com>,
<caroline.ling@gpupower.co.uk>, <alison.cole@innogy.com>,
<paul_taylor@londonelec.co.uk>, <Sarah_Threlfall@londonelec.co.uk>,
<pjhheffer2@magnox.co.uk>, <sharron.a.pearson@magnox.co.uk>,
<susan.w.smith@magnox.co.uk>, <gaynor.kenyon@manweb.co.uk>,
<jon.bird@northern-electric.co.uk>, <david.thompson@npower.com>,
<geraldine.dunne@npower.com>, <brian.seabourne@pgen.com>,
<chris.norton@pgen.com>, <Josh.Peck@pgen.com>,
<bob.major@scottish-southern.co.uk>,
<carolyn.mcadam@scottish-southern.co.uk>, <jamie.maxton@scottishpower.com>,
<dominic.fry@scottishpower.plc.uk>, <Mike.Watson@scottishpower.plc.uk>,
<helen_whittall@sweb.co.uk>, <jennifer.hands@txu-europe.com>,
<Rachael.Reid@txu-europe.com>, <judith.ward@uk.ngrid.com>,
<james.sheward@uuplc.co.uk>, <john.george@uuplc.co.uk>,
<nick.taylor@uuplc.co.uk>, <bwestlake@westernpower.co.uk>,
<sbullock@westernpower.co.uk>, <sscott@westernpower.co.uk>,
<Michelle.Lewis@yeg.co.uk>
cc:

Subject: Peter Hain

see profile attached

Neil Williams
Public Affairs
Tel 020 7963 5828
Fax 020 7963 5967
Mob 07778 341 492
neil_williams@electricity.org.uk

*****************************************************************
This e-mail is confidential. It is intended only for the person named.
Unless you are that person, or authorised to receive this e-mail, you
must not copy or use it or disclose it to anyone else.  If you have
received this e-mail in error, please contact the sender.  Thank you
for your cooperation.
Electricity Association Services Limited, 30 Millbank, London  SW1P 4RD
(Reg. in England No: 2366837).
*****************************************************************
 - Peter Hain profile.doc


Paulette,

It's not Enron's intention to have Calp fund the OPT 60 payment. Enron
would like for Calp to release the capacity in Enron's name during the
winter period, and this would send the bills directly to Enron and
eliminate funding by Calp and reimbursement of Enron to Calp. We can look
at this again next winter. I'm not sure why there was a delayed payment
once Calp gave Enron the bill a month ago. I'll ask Mark Feldman about wire
transfers.

Thanks again for your patience.

pheuer@EdisonMission.Com on 03/23/2000 05:45:18 PM

To:   Joan.Veselack@enron.com
cc:   rbakke@EdisonMission.Com, Dick.Jenkins@enron.com,
      Robin.Barbe@enron.com, Chris.Germany@enron.com,
      Mark.Feldman@enron.com, Victor.Lamadrid@enron.com,
      Katherine.L.Kelly@enron.com

Subject:  Re: Calp Payments

Joan,

The deal with CES was that the invoice would be paid upon receipt.  It was
never
CALP's intent to fund the OPT 60 payment.  As requested, I will faxed
February's
bill to Robin.  Since the January payment is so late, could you have
January and
February's payments wire transferred to CALP's account?

Thanks!

Paulette

Joan.Veselack@enron.com on 03/23/2000 06:08:57 PM

To:   Roman Bakke/EME@EME, Paulette Heuer/EME@EME
cc:   Dick.Jenkins@enron.com, Robin.Barbe@enron.com,
Chris.Germany@enron.com,
      Mark.Feldman@enron.com, Victor.Lamadrid@enron.com,
      Katherine.L.Kelly@enron.com

Subject:  Calp Payments

Roman and Paulette,

Sorry for the delay. January's check will be sent out tomorrow, Friday
March 24th. As soon as Mark Feldman (Enron payment God) receives February's
bill, he can pay this one too.

Thank you for your patience during this transition.


whatever you want

	Mrmslane@aol.com
	11/17/2000 09:24 AM

		 To: TexBasque@aol.com, Pardevelop@aol.com, Namuathome@aol.com,
GGVSANDERS@aol.com, SandersDC2@aol.com, Richard.B.Sanders@enron.com,
Bwanarol@hotmail.com, JohnBepa@macol.net
		 cc:
		 Subject: Back to the playscape

I have shown the two playscapes that I have picked out for everyone to look
at.  I faxed to Richard, mailed to Doug and John, and Steve looked at it at
my house.  Obviously, there are much more fancy ones....and more money.  And
there are cheaper ones....that you can buy at Sam's or other warehouses and
put up yourself......

However, I picked out two that could go with our fort and sandbox out there
and really provide the swinging and climbing part of the playscape.  It was
affordable and they come out and set it up.

I would like to order soon.  They can have it too the Perd in about three
weeks.  So, please tell me what you think.

The simpler one is about 220 per family, and the bigger one is about 280 per
family.

Talk to you soon.


Please note the following additions to the domestic credit reserve for September 2001:

CP:  Williams Energy Marketing & Trading
Deal No: 775595.1
EOL No: 1859565
Deal Date:  9/14/2001
Deal Specifics:  EPMI to buy 50MW Off-Peak Power from Cinergy for Calendar Year 2004.
Term:  1/1/2004 thru 12/31/2004
Volume:  50 MWs Off-Peak
Price:  $22.25
Delivery Point:  Cinergy
Trader/Mid-Marketer:  Fletch Sturm
Credit Reserve Amount:  $23,000 (twenty-three thousand US dollars)

CP:  Williams Energy Marketing & Trading
Deal No: 775263.1
EOL No: 1858493
Deal Date:  9/14/2001
Deal Specifics:  EPMI to buy 50MW Off-Peak Power from Entergy for Calendar Year 2004.
Term:  1/1/2004 thru 12/31/2004
Volume:  50 MWs Off-Peak
Price:  $21.00
Delivery Point:  Entergy
Trader/Mid-Marketer:  Mike Carson
Credit Reserve Amount:  $23,000 (twenty-three thousand US dollars)

CP:  Williams Energy Marketing & Trading
Deal No: 775260.1
EOL No: 1858473
Deal Date:  9/14/2001
Deal Specifics:  EPMI to buy 50MW Off-Peak Power from Entergy for Calendar Year 2004.
Term:  1/1/2004 thru 12/31/2004
Volume:  50 MWs Off-Peak
Price:  $21.00
Delivery Point:  Entergy
Trader/Mid-Marketer:  Mike Carson
Credit Reserve Amount:  $23,000 (twenty-three thousand US dollars)

RAC: transaction confirmed under Executed EEI dated 2/1/1997.

Please call w/any questions.

Kortney
x30616


Mike,

Any interest? Maybe we can hire this guy through ProStaff?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/24/2000
03:26 PM ---------------------------

Van Ngo <vngo@rice.edu> on 04/24/2000 11:35:52 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: re: summer

Dear Vince,

Thank you for your prompt response.  I do realize
that the A&A Program has finished accepting
candidates for this summer; I was inquiring about
the possibility of hiring on an individual basis.

Again, I greatly appreciate your time.  I look
forward to seeing you soon!

Regards,
Van


Mark, further to our converstaion this morning, I attach the latest version
of the swap financing structure with RBC DS.  The idea is to have the swaps
prepay a funded amount which is then repaid through the swap structure over
the term of the transactions (1 year).  Please note that rather than
determining the one year PV value of the funded amount and interest at time =
0 relative to a fixed price, with monthly settlements then occuring in the
normal course based on market movements, I understand that it is neceassary
to have interest payments settled monthly with a bullet principal repayment
by settlement at the end of the one year term.

Some explanatory notes:

1.  Bill Bradford's group is putting the credit terms together.  Once that
occurs we will need to have drafts to RBC DS ASAP.

2.  Enron Canada Corp.'s obligations will be guaranteed by Enron Corp. to the
extent outlined in the credit worksheet.

3.  It is fundamental to the structure for Global Finance that there not be
any net collateral exposure.  In other words, collateral thresholds must
offset or mirror each other such that if, for exapmle, Enron Canada is
required to provide $50MM of margin to RBC DS,  Financing SPV will also have
to provide $50MM of margin to Enron Canada Corp., notwithstanding that Enron
Canada Corp. ought really not be exposed unless there is a market movement
having an exposure value in excess of the funded amount of $300MM.  (NOTE:
The actual amount required to complete the purchase of the PPA is
C$235,840,000, the first installment of C$58,960,000 having already been
funded by an intercompany loan from Enron Canada Corp. to Enron Canada Power
Corp.)

4.  In terms of documentation, the swaps should be documented under ISDA
Masters.  I understand that there may be an ISDA Master in place between
Royal Bank of Camada and Enron North America Corp. and also one in place also
with Enron Corp. (this will need to be confirmed).  As the transactions need
to be at the Enron Canada Corp. level, however, I suggest that ISDA Masters
need to be prepared between Enron Canada Corp. and RBC DS and between Enron
Canada Corp. and Financing SPV on the same terms as the current ISDA Master
between Enron North America Corp. (or Enron Corp.) and Royal Bank of Canada,
subject to the credit terms provided by Credit.  The individual transactions
themselves would then be documentd on transaction Confirmation Letters.  I am
not fussed as to who prepares the paper and it might be easiest for your
group to do so.  Please also note that external legal opinions may be
required in respect of Enron Canada Corp. and Enron Corp.  Blakes is prepared
to provide legal opinions for Enron Canada Corp. and whatever advice or
support is necessary.

5.  Once the funding occurs to Enron Canada Corp., it will be advanced by
intercompany loan to Enron Canada Power Corp. to acquire the PPA, and I will
look after this aspect of the transaction.

6.  Please note that Enron Canada Power Corp. must put the Government in
funds on Friday Spetember 22nd.
---------------------- Forwarded by Peter Keohane/CAL/ECT on 09/13/2000 09:12
AM ---------------------------

Soma Ghosh
09/12/2000 05:41 PM
To: Peter Keohane/CAL/ECT@ECT, Andre Templeman/CAL/ECT@ECT
cc:
Subject: RE: Alberta PPA

---------------------- Forwarded by Soma Ghosh/HOU/ECT on 09/12/2000 06:40 PM
---------------------------

Soma Ghosh
09/12/2000 10:06 PM
To: Cris Sherman/HOU/ECT@ECT, Peter Keohane/CAL/ECT@ECT
cc:
Subject: RE: Alberta PPA

Chris,

As promised, I am forwarding details of 'SwapCo'. I would be grateful if you
would confirm that this entity works for us & resolves the 97%/3% hedge
issue.If you need anything else re. the entity please let us know.

Catherine will shortly forwarded the final version (hopefully!) of the
pre-pay structure as discussed in our meeting.

Regards,

Soma
---------------------- Forwarded by Soma Ghosh/HOU/ECT on 09/12/2000 04:00 PM
---------------------------

"Ellison, Mike" <Mike.Ellison@rbcds.com> on 09/12/2000 09:15:56 PM
To: "'Soma.Ghosh@enron.com'" <Soma.Ghosh@enron.com>,
"'Catherine.Clark@enron.com'" <Catherine.Clark@enron.com>
cc: "'Brian.Kerrigan@enron.com'" <Brian.Kerrigan@enron.com>, "McArthur, Ian"
<IAN.MCARTHUR@ROYALBANK.COM>, "Fleming, Blair" <BLAIR.FLEMING@ROYALBANK.COM>,
"Darby, Giles" <Giles.Darby@rbcds.com>, "Bermingham, David"
<David.Bermingham@rbcds.com>
Subject: RE: Alberta PPA

Soma, apologies, note that in the diagram there is no TRS between RBCDS & BF
Capital, just straight finance agreement.

Mike

-----Original Message-----
From: Ellison, Mike
Sent: Tuesday, September 12, 2000 9:08 PM
To: Soma.Ghosh@enron.com; 'Catherine.Clark@enron.com'
Cc: Brian.Kerrigan@enron.com; McArthur, Ian; Fleming, Blair; Darby,
Giles; Bermingham, David
Subject: RE: Alberta PPA

Soma, as discussed, here is the proposed structure plus suumary involving BF
Equity Capital an unaffiliated LLP.? We believe this to solve the accounting
issues.? Please review and confirm.? Please also detail any specific further
information that you require to be happy with BF Equity Capital.?

Can I suggest that all parties have a conference call at 10.00am Houston time
tomorrow to ensure we have agreement on the structure and the way forward.

Please confirm

Thanks, Mike

--

?
 - Enron Canada - Alberta PPA -  BF Equity Partners 12 Sep.ppt


http://www.amazon.com/exec/obidos/tg/browse/-/542452/ref=br_bx_c_1_2/102-7676409-3228169

Go to this link, should show you some boosters. I would also see if that place on westhiemer will recommend. i would like to find something that you can use a harness and/or the seatbelt to hold them in.


---------------------- Forwarded by Kayne Coulter/HOU/ECT on 12/01/2000 09:11
AM ---------------------------

Michael Jacobson@ENRON
12/01/2000 09:03 AM
To: Kayne Coulter/HOU/ECT@ECT
cc: Thresa A Allen/HOU/ECT@ECT
Subject: Transmission Rate Part II

Sorry about that, here it is for real this time.


Phillip is not available Tues.  How about Wed., 1:00 Central?
----- Forwarded by Leslie Lawner/NA/Enron on 07/05/01 02:36 PM -----

	Leslie Lawner
	07/05/01 09:05 AM

		 To: Rebecca W Cantrell/HOU/ECT@ECT, Donna Fulton/Corp/Enron@ENRON, Phillip K
Allen/Enron@EnronXGate, Harry Kingerski/NA/Enron@Enron, Paul
Kaufman/Enron@EnronXGate, Jeff Dasovich/NA/Enron@Enron, Stephanie
Miller/Enron@EnronXGate, Roger O Ponce/HOU/EES@EES, Jess Hewitt/HOU/EES@EES,
Don Black/HOU/EES@EES
		 cc: Rubena Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: California state regulatory matters

Let's try and set up a call to talk about the California intrastate gas
issues noted below (LDC hedging, rate unbundling and system
upgrades/expansions).  Does Tues. July 10 at 3:00 Central work for everyone?

(Roger please pass on to EES folks who should be on).

Thanks.

----- Forwarded by Leslie Lawner/NA/Enron on 07/05/01 08:54 AM -----

	James D Steffes
	07/03/01 03:23 PM

		 To: Leslie Lawner/NA/Enron@Enron
		 cc:
		 Subject: California state regulatory matters

Leslie --

Can you organize a call that goes through these issues and begins to
rationalize the information requested by Phillip?  While these issues are
important, I don't see the CPUC doing anything in the near-term to help fix
the problems.

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 07/03/2001
03:22 PM ---------------------------
From: Leslie Lawner on 06/27/2001 12:59 PM
To: Paul Kaufman/Enron@EnronXGate, Jeff Dasovich/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron
cc: Harry Kingerski/NA/Enron@Enron, Rebecca W Cantrell/HOU/ECT@ECT, Donna
Fulton/Corp/Enron@ENRON, Phillip K Allen/Enron@EnronXGate

Subject: California state regulatory matters

Paul and Jeff,

Becky, Donna and I (gas girls) met with Phillip Allen (ENA West) to discuss
FERC gas issues today, and Phillip had some issues that were more state than
federal, and I told him I would bring them to your attention.

He is interested in seeing incentive rates or more hedging on the part of the
CA LDC's so that all their needs are not being served by the spot market.  In
the current market, hedges (longer term contracting and financial) are being
done primarily by the producers and marketers, which results in a thin and
probably off-kilter market (the LDCs buying for the customers are not
participating).  I know we have to square this with the EES positions, but I
am not up to speed on what is going on in CA on this issue.

Phillip also made that point that while the LDCs are focusing on their core
load, no one is doing system planning on the macro basis, taking into account
the ability of the physical systems to meet the needs of all customers, core
and non-core and making sure the system will be adequate.

Finally, he is very interested in seeing the CA LDC rates unbundled.

Any updates we can provide to Phillip (and the gas girls) would be
appreciated, as well as what our plans are to address these issues.

From our side, El Paso is having a conference in July and we will be taking
up a number of allocation and transportation issues at that time.

Thanks.