Don Black has suggested we get you in the loop on the below issues we are
seeking answers on. We have some pending financial transactions that we would
like to work through all the Brazilian mechanics before proceeding. Your
primary contact down here for this issue will be Maria Ines Granado. Please
provide us with your comments as soon as possible so that we do not encounter
a transactional conflict.

Gustavo thank you for all your work to date we will keep you briefed to make
sure we have your input. Please follow up on the Tozzini issue we discussed
to make a final decision on their input.

Thanks
MFG

---------------------- Forwarded by Michael Guerriero/ENRON_DEVELOPMENT on
08/20/99 09:40 AM ---------------------------

	Enron International

	From:  Gustavo Junqueira                           08/17/99 06:19 PM

To: afac@tfts.tozzini.com.br
cc: Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael
Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, D'Arcy
Carroll/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marcelo
Parodi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott
Porter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maria Ines
Granado/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David S
Reinfeld/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Brazilian Regulations for Swaps & Prepays

Antonio Felix,

As Enron is finding several opportunities involving financial derivatives in
Brazil, we would like to get from Tozzini Freire Law Firm a summarized but
concise read on the "cans and cannots" of these type of transactions in
Brazil. Here is my understanding of the regulations from the memo you have
already sent to us regarding swaps and prepays as well as a list of the most
common examples of deals that Enron would be encountering in the marketplace.
I would appreciate if you could comment on what is written here and also add
further information so Enron can have some sort of menu of deals of this
nature that can be pursued. I would like to ask you to add your comment in
this same message to make the review process a little easier. Thank you
inadvance for your attention.

Swaps (Pulp & Paper, Petrochem, Power)

OTC Swaps

The Central Bank regulates swap transactions involving local financial
institutions acting either as dealers for their own account or as
intermediaries to the contracting parties. When the financial institutions
act as intermediaries, the agreements are in fact private agreements
negotiated by two non-financial companies, but become subject to the
requirements and regulations normally applicable to swaps involving financial
institutions. According to regulations currently in force, such swaps can
relate to exchange rates, interest rates, gold and price indices.

All of the swap agreements involving financial institutions must be
registered with CETIP or with another custody and clearing system authorized
by the Central Bank or the CVM (Brazilian SEC). As a matter of practice, the
agreements used by the banks that participate in the swap market do not
follow a standard form, since normally each bank has a particular sample form
with which it feels more comfortable.

Derivatives
In addition to exchange-traded derivatives and OTC swaps involving financial
institutions, there is no legal impediment, in principle, to derivatives
transactions being privately negotiated and entered into between two
interested parties. As a general rule in Brazil, as long as no specific
prohibition is found in the law, parties are free to negotiate agreements
that best suit their interests.

International Hedge
Central Bank regulations authorize that Brazilian companies enter into
transactions abroad, either in exchanges or having a financial institution as
their counterpart, to hedge against the fluctuation of interest rates,
exchange rates or commodity prices in the international markets.

Such hedge transactions must refer to payments in foreign currency scheduled
to be made by or to the Brazilian company in respect of commercial or
financial rights or obligations, or to payments in local currency arising out
of certain financial obligations subject to the variation of exchange rates
and payments relating to imports, exports or local transactions involving
commodities priced according to their valuation in foreign exchanges. The
commercial market exchange rates are applicable to foreign exchange
agreements referring to remittances of currency in connection with hedge
transactions.

When the underlying obligation/right is registered with the Central Bank, the
corresponding hedge transaction must be informed to the Central Bank within
10 days of its execution. When there is no registration with the Central
Bank, the banks executing the foreign exchange agreements relating to the
hedge transaction must verify the existence of the obligation/right being
hedged.

Examples

Commodity swap between two Brazilian companies:
As per what has been said above, there is nothing that precludes Enron Brazil
of entering into a swap with another Brazilian company regarding any
commodity traded by Enron (Pulp, Paper, Petrochem products, Power, Gas).
Enron does not need to be a financial institutions to provide swaps
transactions. On the other hand, I am not sure yet on the following points:
(1) Does such swap agreement should be registered with CETIP or any other
clearing system to be valid under Brazilian regulations? (2) What are the
taxes involved in a swap?

Commodity swap between a Brazilian company and an offshore company:
This kind of deal seems to be also available in the Brazilian market and the
only difference from example 1 would be the fact that it must be registered
with the Central Bank and it would involved transfer of foreign currency.

Commodity swap between two offshore companies but involving Brazilian exports:
I am not sure if Brazilian regulations would have anything to do with a
transaction like this one. I would assume that a Brazilian exporter would
sell to their offshore subsidiary and such subsidiary would sell to their end
customer. Enron would step in and offer a swap agreement for the offshore
subsidiary of the Brazilian company therefore Enron would not have any
involvement with Brazilian regulations because it would not be dealing with
Brazil.

Prepays (Pulp & Paper, Petrochem, Power)

The regulations currently in force governing export prepayments, especially
Central Bank of Brazil's Carta-Circular 2624, of February 14, 1996, establish
that all repayments of principal under such transactions must necessarily be
made by means of shipments of the relevant exported goods.  Carta-Circular
2624 allows cash remittances abroad only in regard to payments of interest
under the facility.  Therefore, it is not possible to structure a transaction
where the repayment of principal will be made only in cash or where the
borrower has the ability to choose between paying cash or exporting the goods.

A transaction that involves structuring a direct loan to the Brazilian
company where the value of the principal of which would be tied to the price
of the relevant commodity is very difficult to be approved.  Under a direct
loan registered with the Central Bank the borrower may remit all due amounts
of principal and interest in accordance with the schedule of payments
attached to the certificate of registration. The problem with such
alternative is that, although there are no express regulations preventing it
to do so, the Central Bank will most probably not issue a prior authorization
for such type of loan, as it only normally issues authorizations for normal
loans where the principal is a fixed amount and the interest rate is either a
fixed rate or a floating rate (normally based on LIBOR or US Treasury).  It
should also be noted that generally speaking all interest payments under such
an agreement are subject to withholding tax at the rate of 15% p.a.

CC 5 Account

A possible alternative way to structure a prepay would be by using a
non-registered loan with the Central Bank.  Under such alternative, the funds
disbursed by Enron under the loan would be remitted to Brazil through an
international transfer of Brazilian currency, as allowed by Circular 2677 of
the Central Bank of Brazil. The international transfer of Brazilian currency
("International Transfer") is a system which uses a non-resident current
account in Brazil and the Brazilian interbank foreign exchange market to
effect remittances of funds to and from Brazil.  Under such system, a lender
that wishes to disburse funds to a Brazilian borrower makes a foreign
currency deposit with a bank located outside of Brazil ("offshore bank")  and
instructs the offshore bank to deliver such dollars to a Brazilian bank in
exchange for Brazilian currency.  Such Brazilian currency is then deposited
in a non-resident account held by the offshore bank in Brazil and thereafter
transferred to the borrower. The repayments follow the inverse procedure,
i.e. the borrower deposits the amount in a non-resident account of an
offshore bank and instructs it to exchange the funds into foreign currency
and deliver them to the lender abroad.

The main differences between the registered loans and the non-registered
loans are that the non-registered loans are not subject to prior approval by
the Central Bank of Brazil (and therefore not subject to scrutiny as to their
minimum tenors and applicable interest rates) and the applicable foreign
exchange rate to non-registered loans is the floating rate (as opposed to the
commercial rate of exchange). All transfers of funds to Brazil as
International Transfers are subject to a Financial Transactions Tax ("IOF")
at the rate of 2% on the amount transferred, plus a bank fee that normally
ranges from 0.4% to 0.6% of such amount.  Any interest payments under a
non-registered loan are subject to withholding tax at the rate of 15% (or 25%
if the lender is located in a tax-haven jurisdiction).

I don't think this type of transaction is the best way to circumvent some of
the Brazilian regulations regarding prepayment given the bad press that deals
via the CC 5 Account mechanism would bring to Enron but I have it addressed
just in case someone does not share the same opinion.

Examples

Financial prepay between two Brazilian companies
Not allowed unless the company providing the prepay qualifies as a financial
institution as per Brazilian law. Since it will not be the case in Enron's
cases, we should not focus in these kind of transactions.

Financial prepay between a Brazilian company and an offshore company
As it has been mentioned before it is allowed as long as Enron can structure
the prepay in way where there is a pre-established amortization schedule for
principal and interest. It is very hard to structure a prepay with specific
split between principal and interest because the objective of the prepay is
to lock on a certain volume of a product and not on a specific price.
Therefore, if Enron prepays for a specific product on a floating basis the
attached value of that commodity can go up or down as the market fluctuates
as well as the total value associate to the deal. Such value can be either
principal or interest and it is impossible to determine what it will be.

Financial prepay between two offshore companies but one being a subsidiary of
a Brazilian entity
I think there is no restrictions in this case given the whole deal will be
closed offshore and the Brazilian authorities are not going to be involved.
It will most likely be a deal involving three parties: a company in Brazil,
its offshore subsidiary and Enron.

Physical prepay between two Brazilian companies
No restrictions.

Physical prepay between a Brazilian company and an offshore company
No restrictions as long as there is physical deliveries.

Physical prepay between two offshore companies but  involving Brazilian
exports
No restrictions. It would also involve three parties: a company in Brazil,
its offshore subsidiary and Enron.

Thanks,

Gustavo


Joh/Kevin

I am sorry, but I cannot believe what I read below.

Arch of Chicago - multiply by EXPECTED number of accounts??????
Suiza - How do we measure milk production, we cannot even manage energy consumption - Got Milk?????
Packaged Ice - ??? I hope we don't have any ice facilities in California.

Conclusion - I do not expect that we will do any more deals like this anytime soon.

Rogers

To:	Rogers Herndon/HOU/ECT@ECT
cc:	Neil Hong/HOU/EES@EES, Meredith M Eggleston/HOU/EES@EES
Subject:	RE: P&L Impact of Volumetric True-Up

The brief synopsis on causality of the losses are as follows:

Arch of Chicago

The deal was originally priced (in 1998) with one account and the results were multiplied by the expected number of accounts.  We have re-priced the deal with actual volumes from our billing system (to capture all active volumes).

Suiza

The revenue is based on a production index (gallons of milk).  We have updated the revenue from the Consumption Desk and re-priced costs with data from our billing database.  In addition, we have worked with the Account Manager to segregate pass-through vs. active volumes.

Packaged Ice

The revenue is based on a production index (bags of ice).  We have updated the revenue with data from the Account Manager and the Consumption Desk.  We have also re-priced costs with data from the our billing system.

Conclusion

The losses are amalgamation of structured vs. actual volume differences, production index revision and initial modelling error.

If I can be of further assistance to you, I can be reached at 3-1902.

Thank you.

Best regards,

Mike Kim

---------------
Michael -

Are these changes in the forward volumes (unrealized losses).  Can you explain the reason for these adjustments?  How much more exists that we need to address?

Thanks,
Rogers

From:	John J Lavorato/ENRON@enronXgate on 05/22/2001 07:28 AM
To:	Rogers Herndon/HOU/ECT@ect
cc:
Subject:	RE: P&L Impact of Volumetric True-Up

20 Million !!!!!!  Is this back money or forward money.  Why did the volumes change so much.

 -----Original Message-----
From: 	Herndon, Rogers
Sent:	Monday, May 21, 2001 6:53 PM
To:	Lavorato, John; Presto, Kevin
Subject:	P&L Impact of Volumetric True-Up

FYI

---------------------- Forwarded by Rogers Herndon/HOU/ECT on 05/21/2001 06:52 PM ---------------------------

Wade Stubblefield@EES
05/21/2001 05:35 PM
To:	Rogers Herndon/HOU/ECT@ect
cc:
Subject:	P&L Impact of Volumetric True-Up

FYI
---------------------- Forwarded by Wade Stubblefield/HOU/EES on 05/21/2001 05:35 PM ---------------------------

 	Enron Energy Services  From:  Michael Kim                           05/21/2001 03:20 PM Phone No: 713-853-1902

To:	Neil Hong/HOU/EES@EES, Meredith M Eggleston/HOU/EES@EES, Wade Stubblefield/HOU/EES@EES, Don Black/HOU/EES@EES
cc:
Subject:	P&L Impact of Volumetric True-Up

We have re-priced Suiza, Packaged Ice, and Arch of Chicago with updated volume information from our billing system.  The impact is as follows:

The impact will be recognized on the DPR and G/L, pending Accounting Department's "green light."

Thank you.

Best regards,

MSK

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This is hilarious!  I am laughing outloud!!

"Cindy White" <cwhite@viviance.com> on 12/07/2000 09:41:23 AM
To: "Sally" <sally.beck@enron.com>, "Cara White" <CWhite@texas.usta.com>
cc:
Subject: FW: Christmas cake recipe

?
Sisters.....this  one made me laugh out loud....more than  once....?

Ingredients:
1 cup of water
1 tsp baking soda
1 cup  of sugar
1 tsp salt
1 cup of brown sugar
lemon juice
4 large  eggs
nuts
1 bottle Vodka
2 cups of dried fruit

Sample the vodka  to check quality. Take a large bowl, check the vodka again.
To be sure it is  the highest quality, pour one level cup and drink.

Repeat.

Turn on  the electric mixer. Beat one cup of butter in a large fluffy bowl.
Add one  teaspoon of sugar. Beat again. At this point it's best to make sure
the vodka is  still OK.

Try another cup .... just in case. Turn off the  mixerer.

Break 2 leggs and add to the bowl and chuck in the cup of dried  fruit.

Pick fruit off floor.

Mix on the turner.

If the  fried druit gets stuck in the beaterers pry it loose with a
sdrewscriver.

Sample the vodka to check for tonsisticity.

Next,  sift two cups of salt. Or something. Who giveshz a shit.

Check the  vodka.

Now shift the lemon juice and strain your nuts.

Add one  table.

Add a spoon of sugar, or somefink. Whatever you can  find.

Greash the oven and piss in the fridge.

Turn the cake tin  360 degrees and try not to fall over.

Don't forget to beat off the  turner.

Finally, throw the bowl through the window, finish the vodka and  kick the
cat.

Fall into bed.

CHERRY MISTMAS!

Andrew Whitehead
School of Civil Engineering
University of  Nottingham
University Park
Nottingham
NG7 2RD

Tel :- +44 (0)115 9515151 ext.8062
Email :- andrew.whitehead@nottingham.ac.uk
web  :- www.nottingham.ac.uk/~evzasw

?


-----Original Message-----
From: 	"Choo, Lee" <LChoo@UtiliCorp.com>@ENRON
Sent:	Thursday, December 13, 2001 10:31 AM
To:	Vince Kaminski (E-mail)
Subject:	Home e-mail

Vince,

Please send me your home e-mail address. Mine is choolk@hal-pc.org

Lee


Stacey

I need to get the ENA Cal files for December.  I'm really mainly looking for the liquidations and the rollforward at this time.  Please let me know if there will be any problems getting those to me.

Thanks
Tracy

Tracy Greene
Enron North America
713-853-0583


Please let me no whether or not you will be there.

This is our last game.


I propose that we have one hour TARL meeting at 8:30 am on Friday the 13th.

Proposed Agenda

A tax and regulatory update on the status of the following countries:

Mexico
Brazil
Singapore
Japan
Hong Kong

Timing issues associated with licensing entities in Asia in time to meet the
BMC deadlines.

W. Wayne Gardner
Enron Broadband Services
1400 Smith Street
Houston, TX  77002-7361
Phone:  713 853 3547
Fax:  713 646 8506


Conference bridge number is 888-311-9051 x60508.  Time is 2:30pm CST.  His
requested agenda was to discuss:

1.  Wholesale origination of dark fiber
2.  The content distribution network & Blockbuster
3.  Financial remediation

URL is www.mdm.net in case you want to check them out.  I have been assured
that credit is good.

Thanks for your assistance guys....


Please format the attachment and print it on my small Enron letterhead.  Thank you.


This meeting has been moved to Friday, October 26 from 9:00-11:00 in EB 42C2, Omaha Room 696.

Thanks

Tracy

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Monday, October 22, 2001 1:07 PM
To:	Harris, Steven; Neubauer, Dave; Hayes, Robert; Gadd, Eric; Miller, Mary Kay; Kilmer III, Robert
Cc:	McCarty, Danny; Armstrong, Julie; Robertson, Audrey; Kovalcik, Tammy; Wadle, Susan; Keiser, John; Gilbert, Steve
Subject:	2002 Plan Lay Review Run Through

Please plan to attend a run through with Danny of your 2002 Plan Presentations for the Lay Reviews on Thursday, October 25 from 9:00-11:00 in 42C2.  For Omaha room 696.

Thanks

Tracy


Kay:

I have copies of the Articles of Organization, the LLC Agreement, and a
member's consent electing officers for each of the entities (and provided
these to George by fax on 12/7).  George advised last week that SEL wanted
the originals of the "minute books" for the two entities.   Therefore ENA
should prepare to have the original organizational documents ("minute
books") ready for delivery to SEL at closing.  I am unaware of any efforts
to obtain federal EIN's for these entities.  Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, January 02, 2001 1:26 PM
To: Matthew.F.Gockerman@enron.com
Cc: Ben.Jacoby@enron.com; Fred.Mitro@enron.com; Campbell, Carolyn;
Keffer, John; Kathleen.Carnahan@enron.com
Subject: RE: Invoice Language

Matt,

Do CA Energy Development I and II have federal EIN's?

Thanks,

Kay

PS to all, my answers to other questions:

Carolyn has corp documents
Not registered to do business in Texas

---------------------- Forwarded by Kay Mann/Corp/Enron on 01/02/2001 01:22
PM ---------------------------

"Noonan, Shawn" <SNoonan@INTERGEN.com> on 01/02/2001 01:11:17 PM

To:   "'George Kutzschbach'" <gkutzschbach@fulbright.com>,
CCampbell@KSLAW.com
cc:   Kay.Mann@enron.com, "Pedigo, Doug" <DPedigo@INTERGEN.com>, "Jones,
John" <JJones@INTERGEN.com>, "John. Laborde (E-mail)"
<john.laborde@us.pwcglobal.com>

Subject:  RE: Invoice Language

All,

I need to apply for a Texas sales and use tax permit for CAED I and II very
soon.  Who has the current corporate data on these LLC entities (such as
business address, names of managing officers and directors (i.e., persons
authorized to execute documents on behalf of the LLC's), and the federal
EIN numbers)?  Also, have these entities registered to do business in
Texas?  Anyone, please help if you can.  Thanks!

-----Original Message-----
From: George Kutzschbach [mailto:gkutzschbach@fulbright.com]
Sent: Tuesday, January 02, 2001 11:37 AM
To: CCampbell@KSLAW.com
Cc: Kay.Mann@enron.com; Pedigo, Doug; Jones, John; Noonan, Shawn
Subject: Re: Invoice Language

Carolyn,

In addition to the invoice change, the periods should be removed from
"LLC" on the cover page, in the first paragraph of the first page, in
Section 1.78 and on the signature page of each Facility Agreement.  The
change relating to invoices is that the address of the invoices in
Section 6.7.2  should be as follows for one of the Facility Agreements:

CA Energy Development I, LLC
c/o Sweetgum Energy L.P.
c/o InterGen North America L.P.
909 Fannin, Suite 2200
Houston, Texas 77010
Attention: John Jones
Fax: (713) 374-3901

and as follows for the other:

CA Energy Development II, LLC
c/o Sweetgum Energy L.P.
c/o InterGen North America L.P.
909 Fannin, Suite 2200
Houston, Texas 77010
Attention: John Jones
Fax: (713) 374-3901

Thanks,
George

>>> "Campbell, Carolyn" <CCampbell@KSLAW.com> 01/02/01 11:12AM >>>
George:

Kay Mann is looking for your requested language providing that GE will
invoice the LLC directly.  I am unable to find your request.  Can you
please
furnish this, as Kay intends to address this with GE today.  Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Confidentiality Notice
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how much does the league cost for softball


---------------------- Forwarded by Kay Mann/Corp/Enron on 05/30/2001 10:03
AM ---------------------------

Rhonda L Denton@ECT
05/24/2001 02:34 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Indeck Pepperell


I talked with Chris G a little while ago---Two important items to note:

* He will be working on the rest of the CES business on Saturday and should
be ready for us to bill out on Monday.

* On the manual invoice that was sent this past week.... CGAS was actually
netted (the net of Sales and Purchase for this pipe only) so we need to find
out what the real sales and purchase prices are when it's time to fix it in
Unify (Chris, this one's a heads up for you when we see you for clean ups).

Ok....c'est tout.

S


Title: The CRE's Public Consultation Proposals: CERA's Insight
URL: http://www20.cera.com/eprofile?u=35&m=2348

MEXICO ENERGY CONFERENCE CALL AND WEB PRESENTATION

The CRE's Public Consultation Proposals: CERA's Insight

Topics
* Changes in the methodology to determine the price of natural gas
* Regulatory changes
* Private participation in the upstream gas

Please follow above URL to view and listen to a replay of this CERA multimedia conference call. Once the Premiere Conferencing PlaceWare window opens, simply enter your name and click the "view" button. A "recording key code" is not required.

Hosted by Premiere Conferencing.

Presented by Alejandro Gonzalez and Lisa Pearl.

**end**

E-mail Category: Conference Call Playback
CERA Knowledge Area(s): Mexico Energy,

***********************************************************************
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Bill as per your request, presented below is a status of the air permitting
activity by the agencies as of today 11/01/01.

Stations 1 and 2. The EPA has completed is review of these state permits and
has sent them back to the ADEQ for comment.  I have spoken to Shudeish, the
permit engineer for the ADEQ, and he is reviewing EPA's comments as this e
mail is being written.  He will give me a call when his review is complete,
but he does not anticipate any major issues which cant be resolved prior to
the public hearing.  These permits went out for public notice on October 15
and 16, which means that the comment period ends on Nov. 15 and 16.  The ADEQ
plans on holding the public hearing for both permits on monday Nov. 19 in
Williams AZ. at 7:00 pm.  I plan on being there.  Williams is located approx.
30 miles west of Flagstaff, AZ.  The address for the hearing is the Council
Chambers located at 113 south 1st street.  So far, there have been no
responses submitted to the ADEQ by the public.  In EPA's review process,
they  had a problem with methodology proposed by Transwestern for measuring
sulfur in the fuel gas.  We had proposed stain tubes in the custom fuel
monitoring schedule, they wanted us to do wet chemistry.  We convinced them
otherwise (Byron, because of this, you wont need to order a sulfur analyzer
for the Needles facility.  This should save you about $40K).  There was also
an issue with manufacturers quarantees regarding particulate matter emissions
from the turbine and catepillar.  This has been resolved also.

Stations 3 and 4.  I received a call from Roger Kohn, the permit engineer for
the EPA.  He is satisified with the permit application contents and has also
approved stain tubes for the sulfur measurement at these locations.  There
are no outstanding issues on these permits from the EPA.  The public comment
period for the Station 3 and 4 permits ends Nov.  3.  After this date, it
will take 1-2 weeks for the Regional Administrator of the EPA to sign off on
the permits  and then he will have them issued to Transwestern.  As of this
date, there have been no comments submitted to the EPA for the permits for
station 3 and or 4.

Ill keep everyone apprised of future events.


FYI we got a look at the executed contracts.  Yoder and Hall are checking / summarizing terms and conditions.

Allegheny		150MW - 1000MW 	Firm
Calpine			400MW - 2500MW	Firm and Unit Cont
Constellation		200MW			Firm
Dynegy			1000MW		Firm and Unit Contingent
El Paso			100MW			Firm
Mirant			500MW 		Firm
Morgan Stanley		50MW			Firm
PG&E			75MW			Unit Contingent
Pinnacle West		100MW			Firm
Various Developers	2000MW		Unit Cont
			4575MW - 7525MW
Chris Calger
503-464-3735


I think Tuesday, 2/27, looks good.

Andrew Ralston@EES
02/20/2001 01:34 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: lunch

Kay

I am going to be out of town most of this week, but how does  next week
(other than Monday) look for lunch?

AR


Great--Martha, pls get me in here for next wk.  I'll be down in Hou all wk I
think.  I would like to see what else is available, so why don't you give me
a call on Monday afternoon in Houston and we'll figure out when would work to
take a look.  Thanks.  DF  (Martha--ignore my earlier email on this subject)

Laura Kinningham
03/20/2001 05:52 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Temporary Housing

Hello Drew, I wanted to touch base with you regarding your temporary housing
situation.  Deb Cappiello called me this morning and informed me that the
Marketing apartment is fully available to you starting on Monday, March 26.
Deb mentioned that they would still receive the invoices in Omaha, but could
code the invoice to a Legal cost center if you decided to go with this
apartment.

Debra Kallus in the relocation department is available any time to discuss
alternative temporary housing with you as well.  She has offered to have a
representative personally show you corporate housing close to downtown if you
are interested.  Let me know if we need to proceed with Debra further or go
with the Marketing apartment.  My extension is 3-6609 and cell number
713-410-3058 if you would like to discuss.  Thanks.


When is the MISO set to go commercial?

 -----Original Message-----
From: 	Will, Lloyd
Sent:	Tuesday, July 03, 2001 12:49 PM
To:	Bentley, Corry; Baughman Jr., Don; Comeaux, Keith; Allen, Thresa A.
Cc:	Roan, Michael; Rodriquez, Andy; Presto, Kevin M.; Sturm, Fletcher J.; May, Tom
Subject:	RE: Market Trials Orientation

Thanks Mike please keep you eyes open for similar initiatives in other markets.

Corry,Don, Keith, & Theresa our objective in attending the sessions below is to identify the gaps between how we operate in the market today and what the new world will be.  Your focus should be on new tools and process that will be required.  Please coordinate any regulatory/market concerns about the MISO with Michael.

Cory please consider sending a rep for scheduling requirements.
Don please consider sending a rep for market trials and hourly requirements.
Keith please consider sending a rep for control area operations requirements.
Theresa please consider sending a rep for market trials requirements and possible settlement issues.

Please forward to others that would be interested.

 -----Original Message-----
From: 	Roan, Michael
Sent:	Monday, July 02, 2001 3:01 PM
To:	Will, Lloyd
Subject:	FW: Market Trials Orientation
Importance:	High

Lloyd, attached is the email from the MISO.  Let me know who the contact person within your group is, i will work with Christi on a more formalised process to ensure that we are ready to enter the RTO environment on 12/15/01.

regards
Mike

 -----Original Message-----
From: 	Kelli Williams <KWilliams@midwestiso.org>@ENRON [mailto:IMCEANOTES-Kelli+20Williams+20+3CKWilliams+40midwestiso+2Eorg+3E+40ENRON@ENRON.com]
Sent:	Friday, June 29, 2001 3:50 PM
To:	Averbeck, Steve; Borum, B.; Brown, Jeff; Cazalet, Edward; Collins, Doug; Doying, Richard; Fahey, Reem; Fielek, Michael; Gillis, Gary; Harvill, Terry; Hennen, David; Idle, Charles; Keller, Jim; Landgren, Dale; Learner, Howard; Michael Stuart (E-mail); Mork, Rob; Nelson, Robert; Paul Barber (E-mail); Pauley, B.; Pofok, George W.; Procario, John C.; Reed, Harvey J.; Roan, Michael; Robertson, Eric; Samuel C. Randazzo (E-mail); Simpson, John L.; Small, Michael; Stanton, James; Strand, John G.; Taylor, David; Trawick, John; William D. McCarty (E-mail); Wolfe, Ellen; Yaeger, Scott; Yeager, Walt; Ziegner, D.
Subject:	RE:  Market Trials Orientation
Importance:	High

VIA EMAIL
Friday June 29, 2001
The following  letter was sent today to the Midwest ISO Transmission Owners:

As we  move into the Market Trials period, I would like to reiterate how much the  Midwest ISO appreciates your support of our ongoing activities.
To facilitate your participation in Market  Trials, we are providing two types of informative, interactive orientation  sessions.  One covers the  Electronic Scheduling Process and the other provides an overall Market  Trials Orientation.  These  sessions are designed to provide an essential overview of the drills, scenarios  and reviews necessary for your people to actively participate in the Market  Trials.
The Electronic Scheduling Process  session is available on three different dates in July and the overall Market  Trials Orientation session is offered on two different dates.  Because of the interactive nature of  these sessions the class size must be limited. Ideally, we would prefer no more  than two participants from each company. Please select the individual(s) from  your company who will attend these sessions, and forward the attached  registration brochure to them.   Please advise me if your needs exceed the requested attendance guideline  of two people per company. We will make every effort to accommodate your  request.
We recognize that asking you to sustain a  steady commitment of time, resources and manpower is an exacting demand.  Your confidence that your Market Trials  participants gain as much knowledge about the Midwest ISO's operational  abilities is equally important to us.
We are grateful for your continued support  of the Midwest ISO and look forward to working with you during the Market Trials  period.

Sincerely,
 [IMAGE]
James  . Torgerson
President and  CEO
The Midwest  ISO

cc:  Advisory Committee, MISO Market Trials  contacts

 - orientation registration 3.pdf << File: orientation registration 3.pdf >>
 - clip_image002.jpg << File: clip_image002.jpg >>


I don't understand what it is I haven't completed.  Can you let me know so I
can complete the form.  Thanks!


Jim, lets get together in the next week or so to discuss progress.  In the
meantime, what are we doing with regard to FERC 637 to ensure that we have
favourable rules in the trading of natural gas transportation capacity?  Do
we have a master summary of the RTO proposals submitted last week?

Regards
Delainey


Mary Hain
121 SW Salmon St
3 World Trade Center 03-06
Portland, OR  97204

CB

Toni P Schulenburg
05/27/98 01:11 PM
To: Christopher Behney/HOU/ECT@ECT
cc:
Subject: Re: Lexis request

Chris,

Thanks for the info.  What will the mailing address be for that account?

tps

	Enron Capital & Trade Resources Corp.

	From:  Christopher Behney                           05/27/98 03:04 PM

To: Toni P Schulenburg/HOU/ECT@ECT
cc:
Subject: Re: Lexis request

Hi Toni.

Here is the information you need.

Company:  409
RC: 1261
Dept Name: Government Affairs (Enron Corp.)
Invoice Contact:  Lysa Akin - Admin Asst for the Regulatory Group in
Portland.  Mary is actually a Director so she may be the primary contact.

If you have any questions, please let me know.

CB

Toni P Schulenburg
05/27/98 12:33 PM
To: Christopher Behney/HOU/ECT@ECT
cc:
Subject: Lexis request

Chris,

Would you mind forwarding the following info to me?  I need it before I can
set Mary up for a Lexis password.

 Company #
 RC #:  1261
 Department Name
 Invoice Contact

The manager can send me an email directly with this info.  My internet
address is tschule@ect.enron.com  if that is better for them.

Thanks.

tps


Executive News:

PNM terminates merger with Western Resources

Albuquerque, N.M.-based PNM Resources announced Tuesday its board had
officially killed the proposed deal to buy Western Resources' electric
utility subsidiaries. The deal, originally valued at over $4 billion, had
been in trouble for months, and each side sued the other in state court in
New York. PNM said the merger could be terminated after Dec. 31 under the
terms of the deal, if there had not been satisfactory progress made towards
completing the transaction. But Western has disputed that PNM had grounds to
back out of the deal. PNM sued Western in October seeking to get out of the
deal alleging breach of contract, in part because of adverse rulings from
the Kansas Corporation Commission (KCC) on rates and a Western restructuring
plan considered vital to the transaction.

Western fired back with its own lawsuit a month later, seeking at least $650
million in damages against PNM for alleged extortion, breach of contract,
sabotage and improper interference in the KCC proceedings. Neither case has
been decided, although PNM has asked the court to either dismiss Western's
case or delay action on it until after it has decided PNM's initial suit.
Western also has appealed the KCC order blocking a planned restructuring in
preparation for the PNM transaction to a Kansas district court. Western
fired back with its own lawsuit a month later, seeking at least $650 million
in damages against PNM for alleged extortion, breach of contract, sabotage
and improper interference in the KCC proceedings. Neither case has been
decided, although PNM has asked the court to either dismiss Western's case
or delay action on it until after it has decided PNM's initial suit. Western
also has appealed the KCC order blocking a planned restructuring in
preparation for the PNM transaction to a Kansas district court.


Joe -

As a follow up on our meeting last week, I'm working with Rick Causey and
CAOs for ENA and Enron Europe to identify potential candidates and to refine
our job description for the local hire we want to recruit permanently.  Rick
wants to be closely involved in those decisions.  Would you please forward to
me some of the handouts you had with you or may have updated by now that
address the business environment, Gantt chart/timeline, office scope, timing
of business transactions etc. to aid in communicating Tokyo needs?  I'm not
sure if you sent anything to Sally, but I don't believe I've seen anything
yet.

Thank you,

Cassandra.


Maury Lane
Director, Global Corporate  Communications
Vignette Corporation
512.741.4987 (office)
512.422.7078 (cell phone)
mlane@vignette.com


Any GCP adjustments will be highlighted in dark red.

Best Rgds.

Samuel Schott
(713) 853-9890 (GCP Team)
(Enron Net Works _ Global Data Management)

From: Aparna Rajaram/ENRON@enronXgate on 04/09/2001 03:49 PM
To: Nicole Hunter/NA/Enron@Enron, Samuel Schott/HOU/ECT@ECT
cc:
Subject: Click Paper 04-09-01 ammendment

Please see attached. Ammendments are in purple.

Thanks.

Aparna Rajaram
Ph: (713) 345-4563
Fax: (713) 853-9476
Aparna.Rajaram@enron.com

From: Aparna Rajaram/ENRON@enronXgate on 04/09/2001 02:59 PM
To: Kelly Lombardi/NA/Enron@Enron, Samuel Schott/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Steve Venturatos/HOU/ECT@ECT,
Camille Gerard/Corp/Enron@ENRON, Samuel Schott/HOU/ECT@ECT, Tanya
Rohauer/ENRON@enronXgate, Tom Moran/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT,
Frank L Davis/HOU/ECT@ECT, Ken Curry/ENRON@enronXgate, Nicole
Hunter/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate
cc:
Subject: Click Paper Approvals, 04-09-01

Please see attached. Thanks.

Aparna Rajaram
Ph: (713) 345-4563
Fax: (713) 853-9476
Aparna.Rajaram@enron.com


This is just an eyeball sort document to get a handle on who is long out there.  Poston is helping me to make a better report for next month.


Ina:
1.  Vacation is fine.
2.  Please put meeting below on calendar.
3. I am going to analyst presentation at Vanderbilt.  Find out when it is and
put on calendar.
4. Can you find out who is on the ENA management committee meeting I went to
along with their title and responsibilities.
5. Can you schedule a meeting for Tuesday or Wednesday late afternoon with
Phillip, Hunter, and Fletch about EOL
Thanks.
---------------------- Forwarded by John Arnold/HOU/ECT on 08/21/2000 12:26
PM ---------------------------

	Enron North America Corp.

	From:  Airam Arteaga                           08/18/2000 05:26 PM

To: Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT,
Sally Beck/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Beth Perlman/HOU/ECT@ECT,
Ted Murphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT
cc: Rita Hennessy/NA/Enron@Enron, Cherylene R Westbrook/HOU/ECT@ECT, Patti
Thompson/HOU/ECT@ECT, Ina Rangel/HOU/ECT@ECT, Laura Harder/Corp/Enron@Enron,
Kimberly Brown/HOU/ECT@ECT
Subject: Bi-weekly Meeting

Please mark your calendars for the following Bi-Weekly Meeting, on Tuesdays,
starting on August, 29th.

  Date:  Tuesday, August 29

  Time:  3:00 pm - 4:00 pm

  Location: EB32C2

  Topic:  Var, Reporting and Resources Meeting

 If you have any questions/conflicts, please feel free to call me.

Thanks,
Rain
x.31560


FYI.  Thanks. Lynn
---------------------- Forwarded by Lynn Blair/ET&S/Enron on 06/24/2001 11:20 AM ---------------------------

	  From:  Sherry Forbish                           06/19/2001 06:52 AM

To:	Lynn Blair/ET&S/Enron@ENRON
cc:

Subject:	Terra receivable

fyi regarding Terra Nitrogen's A/R issue.  Hopefully this will be resolved soon.

---------------------- Forwarded by Sherry Forbish/ET&S/Enron on 06/19/2001 06:52 AM ---------------------------

Alice Johnson
06/18/2001 09:31 AM
To:	Sherry Forbish/ET&S/Enron@ENRON
cc:	Kathy Sturr/ET&S/Enron@ENRON

Subject:	Terra receivable

This may be old news by now, but I want to make sure you see this email.
---------------------- Forwarded by Alice Johnson/ET&S/Enron on 06/18/2001 09:30 AM ---------------------------
From:	Dana Jones/Enron@enronXgate on 06/11/2001 04:21 PM
To:	Rick Dietz/ET&S/Enron@ENRON, Shelley Corman/ENRON@enronXgate, Alice Johnson/ET&S/Enron@ENRON
cc:	Frank Semin/ENRON@enronXgate, Steve Gilbert/ENRON@enronxgate, Allen Cohrs/ENRON@enronXgate

Subject:	Terra receivable

Following up on the Terra accounts receivable discussed at the last customer accounts status meeting, Frank Semin has indicated that he and Dave Neubauer have both been in contact with Terra and are working to resolve.  Frank is currently drafting a letter to Terra addressing the receivable and proposed resolution.

Frank,  Please keep me posted on any progress.

Thanks, Dana

Dana L. Jones
NNG Commercial Support
713-853-5787


*  one speaker had to be dragged away from microphone (see red)

PUC Delays Decision on Power Rate Hike

Energy: Panel will discuss a new plan today that would shift more of the
burden to residences from business.

By TIM REITERMAN and MARLA DICKERSON, Times Staff Writers

SAN FRANCISCO--The state's utility regulators delayed a decision Monday on
how to structure a $5-billion electricity rate increase until today, when
they will take up a revised plan that is expected to shift a larger share
onto residential customers.
Assailed by power users and pressured by the governor, the California Public
Utilities Commission said more time was needed to assess the impact on
competing interest groups.

"The problem here is making sure we are allocating [the increase] equitably,"
PUC President Loretta Lynch said after the meeting. That, she said, is
"tricky."

About half the residential customers of the state's two largest utilities
would see increases under Lynch's plan proposed last week.
Bills for Southern California Edison customers who use moderate to heavy
amounts of power would rise about 9% to 60%. Similar customers of Pacific Gas
& Electric Co. would experience increases of about 7% to 40%.

To encourage conservation, Lynch said, she favors moving more of the overall
burden of the increases to residential customers who are moderate users of
electricity. Other commissioners say they believe that such a shift is
necessary to protect the state's business climate.

Consumer advocates voiced concern that the PUC may be yielding to pressure
from industry groups that enjoy relatively low rates but say they are being
hit unfairly with much larger percentage increases than residential customers.

"The fear is the commission is caving in and taking [the increase] off big
[business] customers and putting it on residential users above 130% of
baseline," said Mike Florio, senior attorney for the Utility Reform Network.

The baseline amount on a bill is the minimum of electricity deemed necessary
for a customer and varies by region. Under state legislation, there is no
rate increase for consumption up to 130% of baseline. Also exempted are
low-income customers who already receive discounted electricity rates.

The commission passed an increase of 3 cents a kilowatt hour March 27. In
recent weeks, the panel has been conducting hearings on how to divvy up the
increase among 9 million customers of Edison and PG&E. Monday's meeting was
supposed to climax that process, paving the way for utilities to start
billing customers June 1.

Dozens of speakers addressed the commission, and boisterous protesters in
white coveralls repeatedly criticized the rate increase, chanting: "I ain't
payin' no hike, while they're getting rich from our power rates! Who you
gonna call? Rate Busters!"

One had to be dragged away from the microphone.

To stunned surprise, Lynch later announced that the commission would not vote
on her rate design proposed last week or a similar one proposed by a PUC
administrative law judge.

Lynch revised the plan over the weekend and some commissioners said they had
not yet seen the changes.

The delay means two commissioners will be out of town when the five-member
panel designs the state's largest rate increase ever. Commissioner Richard
Bilas is undergoing a medical procedure in Mendocino County. Commissioner
Henry Duque is traveling to Texas as a director of the National Assn. of
Utilities Commissioners. They said the law permits them to vote by phone as
long as they do it from a publicly accessible place.

Lynch's proposal called for average rate increases of about 20% to 50% for
various classes of customers. But officials said the proposal was being
reviewed after testimony late last week and mounting concerns among some
commissioners that it would hit industry and big commercial customers too
hard, potentially hurting the state's economy.

After his financial advisors reviewed the PUC's proposals, Gov. Gray Davis
put out a statement over the weekend saying his own proposal, including a
slightly smaller rate hike, was better.

"My plan raises sufficient revenues to deal with the problem without putting
an undue burden on California consumers and businesses that might hurt our
economy," he said.

The governor's office last week asked the PUC to "come around," said press
secretary Steve Maviglio. "There are gaps between his proposal and the PUC's."

Carl Wood, one of three Davis appointees on the commission, said that he was
generally comfortable with the Lynch proposal but that "this is a big
decision, and it is not ready" for a vote.

Jeff Brown, another Davis appointee, said he spoke to the governor's office
recently and learned that Davis had two primary concerns about the proposal:
"No. 1 that there be sufficient price signals within the residential class
[to make people conserve], and that the industrials not be walloped and have
some mitigation of the rate increase."

Brown said he would like to see industrial users paying less than the 50%
hike in Lynch's proposal. He said that would mean residents who consume 300%
of their baseline amount would have their rates rise 28% instead of about 15%.

"I want [the proposed amount for industrial customers] to go down somewhat
but can't put all the burden on residentials," he said.

"There are no good answers."

Duque and Bilas, appointees of former Republican Gov. Pete Wilson, expressed
concerns that the rate proposal would further damage the economy.

"Industry is not getting a fair shake," Bilas said. "If you want to achieve
maximum conservation, you put [the increase] where demand is most elastic. It
should be placed on you and me."
Duque said: "I think [industrial users] are getting an undue amount."

Business groups have argued strongly that consumers must endure their fair
share of the pain in order to encourage conservation.

Carl Guardino, president and chief executive of the Silicon Valley
Manufacturing Group, said his group phoned Davis' staff to voice their
opposition to the proposed rate structure.

"We found a receptive audience," he said. "They saw that this [proposed rate
structure] will deeply hinder our economy."
---
Reiterman reported from San Francisco, Dickerson from Los Angeles.

Copyright 2001 Los Angeles Times


-----Original Message-----
From: Zurita, John
Sent: Friday, October 05, 2001 10:16 AM
To: Whalan, Jubran; Brian Lacina (E-mail); Clay Vernon (E-mail); Donald Hollas (E-mail); Jim Taylor (E-mail); John Isaac (E-mail); Kelly Kling (E-mail); Ray Brewster (E-mail); Ron Manning (E-mail); Scott Reeves (E-mail); Wade Lee (E-mail); Coulter, Kayne
Subject: FW:

This is pretty good! It's safe....

Zman

<http://www.duthie.com/binladenliquors.htm>


MAKE SURE YOU TELL SHUTTLE DRIVER-THAT YOU STILL NEED PICKUP FOR 6 AT 130-IF YOU NO-SHOW THE OUTBOUND, THE RETURN WILL CANCEL.

 -----Original Message-----
From: 	Sole III, Carlos
Sent:	Wednesday, October 24, 2001 9:55 AM
To:	Rozycki, Joanne; Hodge, Jeffrey T.; Nemec, Gerald; Ogden, Mary; Perlingiere, Debra; Dickson, Stacy E.; Van Hooser, Steve
Subject:	RE: STAFF LUNCH--YOU MUST BE DOWNSTAIRS ON ANDREWS ST TO MEET SHUTTLE BY 11:40 AM TODAY

I have a one o'clock so I will be driving over there and anyone is welcome to ride with me.

 -----Original Message-----
From: 	Rozycki, Joanne
Sent:	Wednesday, October 24, 2001 9:14 AM
To:	Hodge, Jeffrey T.; Nemec, Gerald; Ogden, Mary; Perlingiere, Debra; Dickson, Stacy E.; Sole III, Carlos; Van Hooser, Steve
Subject:	STAFF LUNCH--YOU MUST BE DOWNSTAIRS ON ANDREWS ST TO MEET SHUTTLE BY 11:40 AM TODAY

 -----Original Message-----
From: 	Rozycki, Joanne
Sent:	Tuesday, October 23, 2001 2:27 PM
To:	Hodge, Jeffrey T.; Nemec, Gerald; Ogden, Mary; Perlingiere, Debra; Dickson, Stacy E.; Sole III, Carlos; Mann, Kay
Subject:	REMINDER THAT YOU HAVE A STAFF LUNCH/MEETING TOMORROW

THE ENRON SHUTTLE WILL PICK YOU UP AT 11:40 ON ANDREWS ST, TAKE YOU TO IRMA'S SOUTHWEST GRILL AT 1314 TEXAS - RESERVATIONS FOR 12 NOON UNDER JEFF'S NAME, AND THE ENRON SHUTTLE WILL PICK YOU UP THERE AT 130 PM--

Joanne Rozycki
Senior Administrative Assistant
Enron North America Corp.
1400 Smith Street, EB3880D
Houston, TX  77002
Phone:  (713) 853-5968     Fax:      (713) 646-3490
Email:   joanne.rozycki@enron.com


-----Original Message-----
From: 	trish.lindloff@weil.com@ENRON
Sent:	Monday, November 05, 2001 12:33 AM
To:	Taylor, Mark E (Legal)
Cc:	glenn.west@weil.com; mary.korby@weil.com; stuart.ogg@weil.com
Subject:	Swapco Documents

Attached please find the documents relating to the Swapco structure.  We
are still working on the employee assignments pending our review of form
employment agreements tomorrow.

Regards,

Trish Lindloff
Weil, Gotshal & Manges LLP
(214) 746-8116 (direct)
(214) 746-7777 (fax)
trish.lindloff@weil.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 (214-746-7700), and destroy the original
message. Thank you.

(Resolutions of ENA ($250 mil capital contribution)) (See attached file:
5z_r01!.DOC)
(Resolutions of RMT ($250 mil capital contribution)) (See attached file:
5z_s01!.DOC)
(Resolutions of ERMT LLC ($250 mil capital contribution)) (See attached
file: 5z_v01!.DOC)
(Proposed Resolutions for Enron Corp. ($250 mil contribution)) (See
attached file: 5z_x01!.DOC)
(Organizational Consent of ERMT LLC) (See attached file: 5zdl02!.DOC)
(consent to use name) (See attached file: 5z_p01!.DOC)
(Limited Liability Company Agreement of ERMT LLC) (See attached file:
5zcb02!.DOC)

(Certificate of Amendment to ESVL Certificate of Incorporation) (See
attached file: 5z__01!.DOC)
(Bylaws of ERMT Corp.) (See attached file: 5z_t01!.DOC)
(unanimous written consent - ERMTCorp.) (See attached file: 54@502!.DOC)
(Software License Agreement) (See attached file: 5zp101!.DOC)
(Administrative Services Agreement) (See attached file: 5z6%03!.DOC)
(Administrative Services Agreement) (See attached file: 5z6%RTF.DOC)
 - 5z_r01!.DOC
 - 5z_s01!.DOC
 - 5z_v01!.DOC
 - 5z_x01!.DOC
 - 5zdl02!.DOC
 - 5z_p01!.DOC
 - 5zcb02!.DOC
 - 5z__01!.DOC
 - 5z_t01!.DOC
 - 54@502!.DOC
 - 5zp101!.DOC
 - 5z6%03!.DOC
 - 5z6%RTF.DOC


4th Week	  	 Gross Revenue	  	 Expense	  	 Net P&L
	96	 72	  	  	 23.25	 19.25
Point	 Buy/Sale	 Counterparty	 On	 Off	 Price	 Deal #	 	On Hours	 Off hours	 On Hours	 Off hours	  	  	 On	 Off	 Total
MC	 S	 CRC	 	-25	 150	 508906	 	0	 1800	  $                -   	 $     270,000 	 $           -   	 $  34,650 	 $           -   	 $235,350
MC	 S	 BPA	 -25	 	75	 658386	 	2400	 0	  $        180,000 	 $             -   	 $     55,800 	 $         -   	 $   124,200 	 $         -
MC	 S	 BPA	 -50	 -50	 73	 600522	 	4800	 3600	  $        350,400 	 $     262,800 	 $   111,600 	 $  69,300 	 $   238,800 	 $193,500
MC	 S	 BPA	 -50	 -50	 72	 600521	 	4800	 3600	  $        345,600 	 $     259,200 	 $   111,600 	 $  69,300 	 $   234,000 	 $189,900
MC	 S	 GRAYS	 -10	 	64	 715879	 	960	 0	  $         61,440 	 $             -   	 $     22,320 	 $         -   	 $     39,120 	 $         -
MC	 S	 BPA	 -14	 	47.5	 664061	 	1344	 0	  $         63,840 	 $             -   	 $     31,248 	 $         -   	 $     32,592 	 $         -
MC	 S	 BPA	 	-7	 47.5	 664061	 	0	 504	  $                -   	 $      23,940 	 $           -   	 $    9,702 	 $           -   	 $  14,238
MC	 S	 BPA	 -44	 	42.9	 448835	 	4224	 0	  $        181,210 	 $             -   	 $     98,208 	 $         -   	 $     83,002 	 $         -
MC	 S	 BPA	 	0	 0	  $                -   	 $             -   	 $           -   	 $         -   	 $           -   	 $         -
 	 	0	 0	  $                -   	 	  $           -   	 	  $           -
	18528	 9504	  $     1,182,490 	 $     815,940 	 $   430,776 	 $182,952 	 $   751,714 	 $632,988 	 $1,384,702

	Total	 -193	 -132


I thought that you were going Skiing?  The guys we went hunting w/ didn't know what they were doing!  We drank a lot of beer & whisky, played paintball, ate BBQ & sat around the campfire.

Got an open night to grab drinks this week if you are not going skiing?

Late,

DB
281-787-0029

 -----Original Message-----
From: 	"Angie Gillikin" <angiegillikin@hotmail.com>@ENRON
Sent:	Tuesday, January 29, 2002 2:17 PM
To:	Baughman Jr., Don
Subject:	RE: friday

Who's going out of town?   That was last Friday when you were going hunting? right?
Ang
----Original Message Follows----
From: Don.Baughman@enron.com
To: angiegillikin@hotmail.com
Subject: RE: friday
Date: Tue, 29 Jan 2002 14:10:25 -0600
When are y'all headin' out of town?
DB
-----Original Message-----
From: "Angie Gillikin" @ENRON
Sent: Friday, January 25, 2002 10:45 AM
To: Baughman Jr., Don
Subject: friday
Just wondering if you are at work today or not??? If so - we're going
to Happy Hour again - but wasn't sure what time y'all were leaving for
deep East Texas hunting extravaganza?! So, thought I'd see ...
Angie
Send and receive Hotmail on your mobile device: Click Here << File:
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**********************************************************************
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**********************************************************************

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Dear Schwab Client:

As of Thursday September 13, 2001, SchwabFunds(R) Money Funds will
be open for Shareholder transactions and will continue to be
open for business each day that the Federal Reserve Bank of New
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This is the latest state of play. I've copied Rod and Paul so they are in the
loop. I'd like Paul to get familiar with the Harvard negotiations so he has
some background for the other funds I'm talking to. The Harvard traders want
to see us reach agreement by their year end which in June 30th. They're as
motivated as we are so let me know when the docs are received.
Thanks. Per

---------------------- Forwarded by Per Sekse/NY/ECT on 06/05/2000 10:28 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Hotra, Jason" <hotraj@hmc.harvard.edu>
06/05/2000 09:58 AM

To: "Per Sekse (E-mail)" <per.sekse@enron.com>
cc:
Subject: FW: Enron

I guess this indicates progress...

> -----Original Message-----
> From: Noble, Kimberly
> Sent: Monday, June 05, 2000 9:55 AM
> To: Hotra, Jason; Kelleher, Megan
> Subject: RE: Enron
>
> Jason & Megan:
>
> The Schedule and CSA have been redrafted to reflect our conversations with
> ENRON and Ropes & Gray are looking at them prior to sending to ENRON.(The
> deal that we struck involved  a number of things that had to be redrafted
> in our standard, and I wanted Ropes & Gray to look at what I did, mainly
> for consistency.)  ENRON have already received our standard guaranty. They
> should go out in the next few days. I think that things should go smoothly
> and provided that ENRON stays motivated, and flexible in the remaining
> discussions, I expect the documents could be completed by 7/1. Completion
> of this will be one of my highest priorities.
>
> When I spoke with Per, he said that they might like to come up to hammer
> out this deal in person, in a single face to face session. That would be
> fine with me, and I am similarly motivated to get it wrapped up. We should
> decide about the need to have that face to face meeting when they've seen
> the documents.
>
> Kim
>
>
>
>
> -----Original Message-----
> From: Hotra, Jason
> Sent: Friday, June 02, 2000 9:53 AM
> To: Noble, Kimberly
> Subject: Enron
>
> Kim,
>
> I understand that you are personally handing the Enron
> negotiations/documentation.  Yesterday Per and Caroline were here and they
> mentioned that as far as they knew, Enron was waiting for a volley of
> documents from our side.  I just want to make sure things are not at all
> stalled.  We would like to have this done in advance of the new year.
>
> Thanks,
>
> Jason


Mark -

You might consider treating the choice of law and submission to jurisdiction
as two separate issues.  For example, if BC law is not objectionable, we
could choose that law to apply but not consent to the jurisdiction of any
particular court.  The most likely outcome (at least in many US states) would
be that we would end up in a BC court if we had to sue them but unless we
have significant contacts with BC (e.g. an office there) they would have to
sue us in Alberta.

Mark Taylor

	Mark Powell\CAL\ECT
	Sent by: Mark Powell
	05/24/2000 07:27 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
		 cc: Grant Oh/CAL/ECT@ECT
		 Subject: Choice of Law for Master Firm Gas Purchase/Sale Agreement with BC
Gas Utility Ltd.

To:  The Legal Trading Committee

Enron Canada Corp. ("Enron Canada") is in the process of negotiating a Master
Firm Gas Purchase/Sale Agreement (the "Master") with BC Gas Utility Ltd. ("BC
Gas").  In this regard, we have recently received a request from BC Gas to
amend the "applicable law" of the Master from Alberta to British Columbia
such that subsection 17.12 of the Master would read as follows:

"This Agreement shall be governed by and construed, enforced, and performed
in accordance with the laws of the Province of British Columbia, without
regard to principles of conflicts of law, and each Party hereby submits to
the non-exclusive jurisdiction of the courts of British Columbia."

BC Gas has also asked that the applicable law for the guarantee of Enron
Corp. be governed by the laws of British Columbia.

While I am fairly sure that we will be able to persuade BC Gas to accept the
State of Texas as the appropriate law for the Enron Corp. guarantee, it seems
unlikely (because the counterparty is a British Columbia utility that
operates primarily in British Columbia) that BC Gas will accept any
jurisdiction other than British Columbia with respect to the Master.

Although I have not been called to the bar in British Columbia and there may
be some quirks and minor differences between the jurisdictions, it is my
understanding that the commercial law of British Columbia is generally not
much different from that of Alberta.  Nevertheless, I am seeking your
comments and consent to such an amendment to the Master.

Should you have any questions or require additional information, please give
me a call at (403) 974-6708.  Thank you for your assistance with this matter.

Yours truly,

Mark Powell


---------------------- Forwarded by Mark Palmer/Corp/Enron on 04/25/2000
10:14 AM ---------------------------

"Rieke, Michael" <Michael.Rieke@wsj.com> on 04/25/2000 09:37:24 AM
To: "'hesson'" <bob.hesson@cornerstonepropane.com>, "'mark palmer'"
<Mark_Palmer@enron.com>, "'Tom Gros'" <Tom_gros@enron.net>
cc:

Subject: FW: begger.com & ebegger...

 >Three beggars are begging in New York City.
 >The first one wrote "beggar" on his broken steel cup and he
received ten >bucks after one day.
 >
 >The second one wrote "beggar.com" on his cup and after one day he
received >hundreds of thousands of dollars.  Someone even wanted to take him
to >NASDAQ.
 >
 >The third one wrote "eBeggar" on his cup.  Both IBM and HP sent
 >vice-presidents to talk to him about a strategic alliance and
offered him >free hardware and professional consulting while Larry Ellison
claimed on >CNBC that eBeggar uses 95% Oracle technology.  I2 announced
>BeggarTradeMatrix a b2b industry portal to offer supply chain integration
>in the beggar.  Cisco just announced that virtually all eBeggar traffic
>runs over their equipment.


Count me in.

	Legal Temp 1
	12/18/2000 03:03 PM

		 To: Barbara N Gray/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Shonnie
Daniel/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT,
Peggy Banczak/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT, Shawna
Flynn/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Ann
Elizabeth White/HOU/ECT@ECT, Stuart Zisman/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Eric Gillaspie/HOU/ECT@ECT,
Kathleen Carnahan/NA/Enron@Enron, Debra Perlingiere/HOU/ECT@ECT, Robert
Walker/HOU/ECT@ECT, Kimberlee A Bennick/HOU/ECT@ECT, Mary Ogden/HOU/ECT@ECT,
Reginald Shanks/HOU/ECT@ECT, Jenny Helton/HOU/ECT@ect, Chaundra
Woods/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Becky Spencer/HOU/ECT@ECT, Suzanne
Adams/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT, Legal Temp 1/HOU/ECT@ECT
		 cc:
		 Subject: East and Upstream Origination Christmas Lunch

The East and Upstream Origination Group Chrismas lunch will be Wednesday,
December the 20.  I am trying to get an approximate count of all employees
who will be attending.  I realize this is short notice, but in order to make
reservations, please RSVP to me today.  You can contact me via reply e-mail,
or at extension 5-3317. Later today, I will send an e-mail with the details
of the event.  Thank you for your attention to this matter.  Regards, Keegan
Farrell


did you talk to the person looking for cotton?

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: FYI

you're lightening up.  good deal.