Chris

Is it true that we get the info first from the AGA,
---------------------- Forwarded by John J Lavorato/Corp/Enron on 12/02/2000 10:12 AM ---------------------------

Brian Redmond@ECT
11/30/2000 10:35 AM
To:	Julie A Gomez/HOU/ECT@ECT
cc:	John J Lavorato/Corp/Enron@Enron

Subject:	Re: AGA Membership

I thought that Jeff Shankman decided not to cancel and to pick up the membership costs for that reason when he was in ENA?

Brian

	  From:  Julie A Gomez                           11/30/2000 10:28 AM

To:	Brian Redmond/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron
cc:
Subject:	AGA Membership

Hello Guys-

As of a year and a half ago, Enron cancelled their membership to the AGA.  This has not presented a problem since we still have acess to the online database as long as we are the reporting entity for the Bammel storage facility.  One thing to keep in mind is that when we sell HPL, we will need to subscribe to the AGA at a cost of about $100,000 per year in order to keep the online access which is critical for the weekly AGA stoage numbers.  (Bloomberg reports the same numbers 2 minutes later, and per the traders those are VERY critical seconds).

Regards,

Julie  :-)

<Embedded StdOleLink>


Please check this for me when you have an opportunity,

Thanks
David
---------------------- Forwarded by David P Dupre/HOU/ECT on 05/11/2000 04:32
PM ---------------------------
From: Susan Flynn on 05/11/2000 04:19 PM
To: David P Dupre/HOU/ECT@ECT
cc:
Subject: Re: PPL Corporation

 David  --- I gave this doc to Tana Jones (for Eonline trading).  It also
referred to physical deals, so she was going to pass it on to Debra
Perkingiere.   Call Tana - she can tell you where it is at.   Thanks!     (it
did not effect financial trading).

	David P Dupre
	05/11/2000 01:28 PM

		 To: Susan Flynn/HOU/ECT@ECT
		 cc:
		 Subject: PPL Corporation

Could I have a copy of the assignment which I sent to you via interoffice
mail the other day for
PPL Utilities?? I would be interested in picking this up from you if possible.

Thanks
David


Gus:
Here are some questions, where we need a little more information on.  Thanks!
Ben


Vince,

I would love to see Enron's trading floors.  However, Arthur is out of town
till tomorrow evening. I will be seeing him before the seminar so I can ask
him about Friday. We can discuss this before or after the seminar. Also, you
are most welcome to join the group that will be going with Darrell for lunch
after the seminar.

Praveen

Praveen Kumar
Chair and Professor of Finance
C.T. Bauer College of Business
334 Melcher Hall
University of Houston
Houston, TX 77204-6021
713-743-4770/713-743-4789 (fax)

-----Original Message-----
From: Kaminski, Vince J [mailto:Vince.J.Kaminski@ENRON.com]
Sent: Monday, January 07, 2002 10:34 PM
To: pkumar@UH.EDU
Cc: Kaminski, Vince J
Subject: RE: Bauer College Finance Seminar

Praveen,

Sorry for not getting back to you earlier. The last few weeks were extremely
hectic for obvious reasons. Would you like to visit, together with Arthur,
Enron's trading floors? This week may be the last chance, as the results of
the auction of our gas and power trading units will be announced Thursday.
Wednesday or Friday would work for me.

My employment situation has not been resolved yet but it may finally happen
later this week.

I shall see at the Darrell's seminar on Thursday and I can give you more
details.

Vince

-----Original Message-----
From: Praveen Kumar <pkumar@uh.edu>@ENRON [mailto:Praveen Kumar
<pkumar@uh.edu>@ENRON]
Sent: Thu 1/3/2002 2:15 PM
To: SloanConsulting@aol.com; everett.s.gibbs@us.andersen.com;
vkamins@enron.com; mfkeeth@shellus.com; gerald.w.mcelvy@exxonmobil.com;
dph@swbell.net; donna.p.mcginnis@dynegy.com; Bob.Peebler@halliburton.com;
tina.sivinski@eds.com; bruce.sukaly@cinergy.com; TNTipton@marathonoil.com;
bawilliamson@duke-energy.com; bwillia6@us.ibm.com
Cc: warga@UH.EDU; pkumar@UH.EDU; bobcasey@UH.EDU
Subject: Bauer College Finance Seminar

Dear Colleagues on the Energy Committee,

        Happy New Year, and best wishes for the coming year. The Bauer
College is

extremely pleased to start the new year with a seminar visit by Professor

Darrell Duffie of Stanford University, one of the world's truly leading

financial economists. Darrell will be visiting us on Thursday, January 10.

I am attaching a seminar announcement that gives the precise title of the

talk and the location, and we would be delighted if you would disseminate

this announcement within your organizations to people you think may be

interested in the talk.

Best regards,

Praveen

Praveen Kumar

Chair and Professor of Finance

C.T. Bauer College of Business

334 Melcher Hall

University of Houston

Houston, TX 77204-6021

713-743-4770/713-743-4789 (fax)

 - BauerSeminar.doc << BauerSeminar.doc >>

 - winmail.dat


----- Forwarded by Cindy Derecskey/Corp/Enron on 05/08/2001 08:14 AM -----

	Cindy Derecskey
	05/07/2001 06:08 PM

		 To: Richard Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Linda
Robertson/NA/Enron@ENRON
		 cc: Ginger Dernehl/NA/Enron@Enron, Maureen McVicker/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON
		 Subject: Documents in WSJ Info Binder for Ken Lay

ARTICLES INCLUDED IN THE BINDER

FYI ARTICLES - NOT INCLUDED IN BINDER    ARTICLES EMAILED TO REBECCA SMITH -
WSJ


---------------------- Forwarded by Darron C Giron/HOU/ECT on 01/12/2001
11:26 AM ---------------------------

Mark C Austin@ENRON
01/12/2001 11:13 AM
To: Darron C Giron/HOU/ECT@ECT
cc: Sharon Smith/AA/Corp/Enron@ENRON, Kate Agnew/AA/Corp/Enron@ENRON
Subject: December New Deals Request

Darron,

Per our earlier conversation, the following is a list of new deals that we
have identified for further testing.  At your earliest convenience, could you
please provide the applicable deal ticket and forwards details for these two
deals?  Please let me know if you have any further questions or comments.

Thank You,

Mark Austin
ext. 68680


---------------------- Forwarded by Todd Peterson/ENRON_DEVELOPMENT on
03/06/2001 01:52 PM ---------------------------

Rick Bergsieker
09/09/2000 04:14 PM
To: Todd Peterson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: gcurran@enron.com, Nancy Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Coralina Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wayne
Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan Rogers, Paul
Y'Barbo/CA/Enron@Enron, masseye@arentfox.com

Subject: Re: Cabot - COU

Thanks Todd.  This is obviously an important document and I want to get
something  in place asap---preferably before the next cargo of LNG.  Each
cargo that comes in without this document in place weakens our position and
increases our exposure if there is a problem while the ship is in port.

Rick

Todd Peterson
09/07/2000 05:10 PM
To: gcurran@enron.com
cc: Nancy Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Coralina
Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wayne
Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan Rogers,
kniemann@edisonmission.com, Paul Y'Barbo, masseye@arentfox.com

Subject: Cabot - COU

Gerg,

As you know, I have been insisting with Jane Michalek about the Conditions Of
Use agreement for some time. For one reason or another they have been putting
it off. Today they told me that they want to do the agreement jointly with
us, the operators of the 'Matthew' and Weismuller the tug company. She also
informed me that they are in the process of finalizing those contracts and
should be forwarding them to Baker & Mckinnsey next week. After that they
will be in a position to sit down with us and negotiate a COU. Also, I heard
from them and my contacts inside Tractabel that they should close thier deal
some time next week.

BR/TP


Tom,

You don't know how nice it is receiving your e-mails, and to hear how
excited you are.  There's no Hemingway in the making here, but I see you
know that he got his start as a journalist.  Did you also know his first
serious work was covering the the two Balkan wars (1912-14) in the city of
Erdine (the Greek, and more famous, name is Adrianople), which is just west
of here on what is now the border of Turkey and Greece.  (I visited Erdine
several months ago; its another messy, beautiful Turkish town.)   Some
historians consider these wars to really be part of World War I.  And I
guess he witnessed part of the huge cross-migrations of Turks and Greeks,
when at the foundation of the Turkish Republic (1923) hundreds of thousands
of Greeks left Turkey and hundreds of thousands of Turks left Greece.  (Both
counties were previously part of the more tolerant Ottoman Empire, the
existence of which was destroyed by the rise of nationalism in the last two
centuries.)  This migration, a tragedy of epic proportions (know now simply
as the "Mubadele [The Exchange]" in Turkish) was probably one of the first
examples of large scale ethnic cleansing.

About having gone through a lot, not true.  Today is beautiful day here in
Istanbul, pleasantly cool (after an awfully hot and humid summer), the air
cleared by a nightime rain.  It was tough to imagine the pain and hardship
going on just several miles west and east of here, to which now is added mud
and cold.  This morning I taught my students (at the Istanbul branch office
of a German company that makes silicon and silicon products) the English
expression "Every dark cloud has a silver lining"  I feel I've lived my
life, when not under perfectly clear skies, in the silver linings.

More later.  I too am excited to see what happens between now and tomorrow's
deadline.  Will keep you secretly (i.e. bcc) posted.

Hope you got a good night's sleep.

Mark

>From: <tskilling@tribune.com>
>To: "Mark Skilling" <markskilling@hotmail.com>
>Subject: Re[2]: IT'S FABULOUS!
>Date: Wed, 25 Aug 1999 22:58:14 -0500
>
>      Mark---
>          This is all very exciting. Did you ever think we'd be talking to
>      an editor of the Chicago Tribune regarding a piece someone has asked
>      be done? I do the weather page every day---but this is especially
>      exciting and quite new to me.  It's interesting to see the give and
>      take that goes on.
>           Was really interested in Bill's comments and I appreciate you
>      forwarding them to me---I'm telling you, Mark---it's a terrific piece
>      and beautifully written.  Maybe we ARE dealing with another Ernest
>      Hemingway here---wouldn't surprise me!
>           The thing that so impressed me is this piece so clearly bears
>the
>      personality of Mark Skilling and is very human. It takes me to places
>      in understanding what's happened there that no one has taken me to in
>      all the hours and pages of coverage I've followed so closely on this
>      story.
>           Mark, I didn't want to say too much about Perspective before you
>      were well along. I didn't want to worry you.  But, I have to tell you
>      that this is big stuff. This is the section of the Sunday paper
>      (that's the largest circulation day for the Tribune) which addresses
>      THE major issues of the day. It is an incredible thing to be asked to
>      contribute to this section.
>          I know what you mean about not wanting to get too excited or
>      saying too much too early.  I'm always afraid that very action will
>      jinx something.
>           Mark--even if this doesn't go anywhere (and I think it's clear
>is
>      IS going somewhere)I say to you again, congratulations!!!  What a
>      wonderful job!!! Even your correspondence with Bill is well thought
>      out.
>           I love you Mark and will look forward to hearing how things
>      proceed.
>           It's the end of a crazy day---I'm seeing double. I can imagine
>      how you feel.  Will sign off and head home. Take care of yourself.
>      It's not easy to go through what you've gone through.
>
>                                                Tom
>

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com


As promised, attached is the link to the database that my group will soon
roll out.  Please keep in mind that this database covers items that are
pertinent to electricity and gas.  I want you to get an idea of the sorts of
things that we are keeping up with.  As you look at this, please think about
items that we should include in a similar database that would contain
EBS-specific issues.

Also, the electricity/gas database will be used primarily by commercial
groups and is for internal use only.  Once populated, the data will need to
be periodically updated.

When you open the database, choose "electricity" on the left side of the
screen (we have not yet populated the "gas" section).  Then choose one of the
many topics that appears.  Please keep in mind that we are still populating
the data - there are a few categories that do not contain information yet.
Code of Conduct and Environmental are full of information.

http://eesdevel-ln1.ees.enron.com/energyservices/deregulation.nsf/Home+Page/St
art?opendocument

Please let me know if you have any questions or concerns.  It is my hope that
I can address them prior to our next conference call.

Thanks!

Margo Reyna
Regulatory Analyst
Enron Corp., Government Affairs
Phone:  713-853-9191


RICKY A. ARCHER
Fuel Supply
700 Louisiana, Suite 2700
Houston, Texas 77002
713-830-8659 direct
713-830-8722 fax


----- Forwarded by Tana Jones/HOU/ECT on 08/07/2000 11:23 AM -----

	Sara Shackleton
	08/07/2000 11:20 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron
		 Subject: Re: weather confirm

The attached confirm is a swap.  There is no need for a rep in the confirm.
If a weather deal is structured as an option, Gordon Heaney (backed by Diane
Anderson) who confirms weather transactions, adds the weather-specific Trade
Option rep into the confirmation.  The desk uses a template for options.  Let
me know if you have any other questions.  Sara

	Tana Jones
	08/07/2000 10:52 AM

		 To: Brent Hendry/NA/Enron@ENRON
		 cc: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 Subject: Re: weather confirm

I thought this was what we were already doing.  Sara, Mark, wasn't that your
understanding?

	Brent Hendry@ENRON
	08/07/2000 10:45 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 Subject: Re: weather confirm

When the Master does not have the weather modification to the Trade Option
Exemption representation then I think we should include it in the confirm. Is
this feasible?

	Tana Jones@ECT
	08/07/2000 10:25 AM

		 To: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Brent
Hendry/NA/Enron@Enron
		 cc:
		 Subject: Re: weather confirm

Tanya forwarded the attached confirm on to me.  Are we supposed to have that
weather rep also in confirmations when we trade under a master?
----- Forwarded by Tana Jones/HOU/ECT on 08/07/2000 10:24 AM -----

	Tanya Rohauer
	08/07/2000 10:21 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: weather confirm

---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 08/07/2000 10:17
AM ---------------------------

	From:  Diane Anderson @ ENRON                           08/07/2000 10:09 AM

To: Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: Re: weather confirm


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

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

Subject: RE: GTV II

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

Also, what is the status of Colleen?

Geof

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

Comments:

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

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

Please re-issue today.

Louise

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

Subject: RE: GTV II

Louise,

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

Thanks

Zhiyong

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

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

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

Document to include all requirements, dependencies and timelines.

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

Please circulate to draft all listed above including me.

Thanks,

Louise


My groups survey should be there for January, I just finished.  Please let me
know if you need any more information.  Thanks.
PL


Becky-we can just intervene as an interested party-no ax to grind

 -----Original Message-----
From: 	Cantrell, Rebecca W.
Sent:	Thursday, August 02, 2001 7:02 PM
To:	Miller, Stephanie; Tholt, Jane M.
Subject:	Kern River Project

Kern River has filed for a certificate to build and operate a delivery lateral pipeline to serve the High Desert Power Project (Constellation Energy Group) generating plant near Victorville, CA.  It would be 31.6 miles of 24" pipe with a design capacity of 282,000 Dth/d, and the fuel supplier for the plant (Victorville-Gas, LLC) has signed a binding precedent agreement for the full 282,000 Dth for a primary term of 21 years, with evergreen, at a negotiated rate.  The initial recourse rate is proposed to be $0.0583/dth.  Commercial operation of the plant is scheduled for 7/1/03.  Interestingly, the notice states that the plant will initially require up to 141,000 dth/d to operate.  The rest of the capacity is to accommodate another plant at the site.

Do we need to intervene in this proceeding?  Any comments?  This is not a rush, but would like to know by Aug. 14th.


The meeting has been time has been changed to 11:30 am-1:00 pm. Please let me
know if you'll be able to attend and/or if there will be any others
attending, so we can have an accurate head count for lunch.

Ami
3-9272

The following meeting is to discuss the new deals that have come to the Texas
desk from CES

TOPIC:  CES Deals Summary
DATE:  Friday, January 21
TIME:   2:00 PM - 3:00 PM
LOCATION:  3749

Please e-mail me prior to Friday with any specific questions that you may
want to address.

Thank you,

Ami
3-9272


Congratulations!

That sounds like a really interesting and worthwhile job - I am guessing -
public policy, but with a strong focus on how to run a good market.

I wish you all the best.

Sabine.


Was it an actual downgrade or just that they wouldn't agree not to do so?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Market Participants:

  After yesterday's announcement of CMR stakeholder meeting
schedule changes, we learned of a conflict with previously-scheduled
meetings on August 15 that affected many of you who have been active in the
CMR process.  As a result, we have rescheduled the stakeholder meetings to
discuss details of the CMR Recommendation for August 16-18.  We give you
specifics of these meetings as soon as they are available.

  Byron Woertz
  Director, Client Relations


what are the odds of enron making it.  seems that we are in a cash crunch.


You are 100% correct.  That is my impression as well, and that is why I set up the Monday meeting.  Going forward, the format of those meetings should be:

	1) Richter presents his area of accountability (West wholesale prosition, risk systems, deal capture system, status of 	projects, schedule, etc.)
	2) Black presents his area of accountability (deal review, west tariff,  and gas)
	3) Herndon presents his area of accountability (East wholesale & East tariffs)
	4) Bernie presents his area of accountability (deal structuring, deal valuation, new model construction)
	5) Busby presents his area of accountability (risk systems and portfolio valuation - works with Richter)
	6) You and I find the holes and provide direction.

Your thoughts?

 -----Original Message-----
From: 	Belden, Tim
Sent:	Wednesday, June 13, 2001 10:44 AM
To:	Presto, Kevin M.
Subject:	RE: FYI - Progress Report on testing an EES deal in Enpower

i think that we need to have an "org chart" meeting where we have don, rogers, and jeff present to us how everything is going to work.  i am getting feedback from a bunch of people (donovan, swain, perry, richter) that people in ees and on the ees transition team are feeling like they don't know what's going on.  we need this thing to be a lot tighter than it is now and we need clear accountability that is visible not just to us, but to everyone.  we need to have this meeting asap.  for example, sally beck is has put together her proposed structure.  who on our team will liais with her.  how will it work?  as we discussed the other day, the deal review team is understaffed.  rogers, don, or jeff needs to be wearing it.  once we have the responsibilities clearly layed out, then at a minimum you, don, rogers, jeff, and i should meet once a week to get a high level update from each of them on their areas of responsibility.  if we don't do this we will quickly devolve into chaos.  let me know your thoughts.

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Wednesday, June 13, 2001 8:19 AM
To:	Belden, Tim
Subject:	RE: FYI - Progress Report on testing an EES deal in Enpower

Didn't we already hang Richter with this at the Monday mtg.   By the way, Lavo has indicated he will just attend our Monday meetings every couple of weeks instead of having a separate meeting.

 -----Original Message-----
From: 	Belden, Tim
Sent:	Wednesday, June 13, 2001 10:06 AM
To:	Presto, Kevin M.; Lavorato, John; Black, Don
Cc:	Herndon, Rogers; Richter, Jeff
Subject:	RE: FYI - Progress Report on testing an EES deal in Enpower

at our meeting with the six of us we need to assign one of us to wear the oversight of this project.

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Tuesday, June 12, 2001 5:09 PM
To:	Cross, Edith; Lavorato, John; Belden, Tim
Cc:	Herndon, Rogers; Richter, Jeff
Subject:	RE: FYI - Progress Report on testing an EES deal in Enpower

Looks like Enpower is "on the side of the road" with respect to capturing and valuing retail deals.   As we discussed in yesterday's meeting, Plan B is a more robust spreadsheet that unbundles the components and values them separately and creates postions by risk component.

I know this is easier said than done, but we need a tactical solution that gives the group confidence that value and positions are correct, rather than a bundled black box batch value with hard coded assumptions.

 -----Original Message-----
From: 	Cross, Edith
Sent:	Tuesday, June 12, 2001 5:47 PM
To:	Lavorato, John; Belden, Tim; Presto, Kevin M.
Cc:	Herndon, Rogers; Richter, Jeff
Subject:	FYI - Progress Report on testing an EES deal in Enpower

To all,

The following is documentation of a sample EES deal which was tested in the Enpower system.  This is for informational purposes only.  Please let me know if you have any questions, or need clarification on any points.

Over the last few weeks, a few of us have been working to test an EES deal in Enpower (St. Luke's - Roosevelt, part of the Beth Israel deal).  The deal is a fixed price sale in New York City (Zone J) of Energy, Line Losses, Ancillary's, and ICAP.  The T&D is a pass through.  We only tested one site out of the ten.  Needless to say, this is probably one of the simplest structures available.  Obviously, we have worked on a few other things at the same time, so it has taken longer than we expected, but I hope this will help highlight how difficult it is to book EES deals in Enpower in it's current state.

Quick statistics for ONE site:

Each month of hourly data, takes 5-6 minutes to save.  We booked 100 months (approx 8.3 years), therefore each deal type (energy, ancillary, etc.) took 8-9 hours to book.
Since each deal type takes 8-9 hours to book, it takes a total of 25-26 hours to book energy, ancillary's (only 1), line losses, and ICAP (this is not booked hourly, therefore, it only takes 1 hour to book).
Although we booked only one ancillary position, most markets have at least four, therefore the total booking time should be closer to 50 hours.
Once we got a book to run, it took 25 minutes to calculate the value.
All of the above statistics assume there are no errors in entering the deals.

Recommendations:

Work with Anthony Dayao to set up a system that can handle these trades for position management, valuation, reporting, scheduling, settlements, accounting, etc.
In the interim:

Enhance RPS to make the valuation consistent with the batch valuation process.  This includes strengthening information for position and DPR reporting.  As well, create tools to help identify change in valuation due to curve shift, reg switch options, and new deals.
Enhance Intramonth valuation and reporting (East desk does not currently have an intramonth book).
Integrate the Tariff Valuation and Reporting.  Currently, this is done in a stand-alone spreadsheet application.
Support the Curve Database project which will allow the breakdown of curves into its components (as opposed to current bundled curves).
Move all the EPMI hedges to Enpower.  All hedges will become desk to desk instead of being entered in both RPS and Enpower.  Position and P&L reports will have be integrated between Enpower and RPS.

Here is a breakdown of what it took to 'rebook' this trade:

Week 1 (May 14-18)

Read Contract.
Get Batch model, as well as a breakdown of value between Energy, Ancillary's, etc.
Sit with Underwriting to answer questions about Load growth and contractual questions.
Work on Wholesale Full Requirements model (in Excel) to check valuation.

Week 2 (May 21-25)

Continue working on Full Requirements model.
Work with Risk Management (Stacey White's group) to set up delivery points and curves in Enpower.
Begin to book deal in Enpower - Getting access to Enpower took some time.
Discovered that our assumption on hours for the 12x12 was incorrect.   We had gotten about 1/3 of the deal booked by the time we realized this.
At times, the database tables would run out of space, because we have never entered a deal of this size in the test database.  This would keep us from entering any new data.

Week 3 (May 29-June 1)

Finished Excel Full Requirements model.  The EES Batch and the Wholesale model tie out except for some minor differences on discounting and ICAP.  The current ICAP curves are            $/MW-day, and they are not calculated using the correct numbers of days (i.e. June and July have the same MW/day price, even though there are 30 and 31 days, respectively, in each month).  This can be fixed in the curve files.  In the future we should mark the curves as $/Kw-month.
Again, we ran into problems with the test database.
Completed booking in Enpower.

Week 4 (June 4-5)

Took 2 days to get a MTM valuation (portcalc) to work.
Discovered deal entry errors in booking.


Frequency or incident rates are calculated as follows:

Lost Time = no. of incidents x 200,000/total no. man hours worked

Recordable= same as above.  There are individual recordable cases and ALL lost time incidents are counted as "one" lost time and "one" recordable.  In other words every LT adds one to LT and one to Recordables.

Vehicle Frequency= no. of accidents x 1,000,000/total miles driven.

More explanation at http://www.ets.enron.com/safety/statistics/default.asp .

Thanks
Gary Allen

-----Original Message-----
From: Hayslett, Rod
Sent: Friday, November 02, 2001 6:45 AM
To: Allen, Gary
Cc: Edwards, Ralph; Fields, Kerry
Subject: RE: TWP and NNG Stats

Can you give me a quick definition of the frequency rates (formula please)?

-----Original Message-----
From: Allen, Gary
Sent: Thursday, November 01, 2001 4:10 PM
To: Hayslett, Rod
Cc: Edwards, Ralph; Fields, Kerry
Subject: TWP and NNG Stats

As per your request please see the attached document.

Thanks,
Gary Allen
Safety System & Reporting Advisor
713-646-7488
gallen@enron.com

-----Original Message-----
From: Lowry, Phil
Sent: Monday, October 29, 2001 6:32 AM
To: Edwards, Ralph
Cc: Hayslett, Rod
Subject: FW:

Ralph, please get with Rod and provide what ever he needs in the way of Safety Stats.

-----Original Message-----
From: ROD HAYSLETT [mailto:haysletr@txucom.net]
Sent: Saturday, October 27, 2001 9:07 PM
To: Lowry, Phil
Subject: FW:

Where can I get info on safety statistics for the pipes?

-----Original Message-----
From: 8778044255@skytel.com [mailto:8778044255@skytel.com]
Sent: Saturday, October 27, 2001 5:10 PM
To: haysletr@flash.net
Subject:

finalizing due diligence. do you have the ingaa/aga report you referenced in
our meetings?


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Date: Sun, 7 May 2000 12:29:30 -0700 (PDT)
From: Thomas Ruscitti <jantom65@yahoo.com>
Subject: Picture 2 of 3
To: Kevin David Ruscitti <KRuscitti@aol.com>
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Here is the second of pictures.

__________________________________________________
Do You Yahoo!?
Send instant messages & get email alerts with Yahoo! Messenger.
http://im.yahoo.com/

 - Picture2.zip


Hey folks!

Thanksgiving, recruiting, and my Las Vegas trip are now history.  So the
answer to the constant question, "When are we going to do another Associate
2000 Happy Hour?" is-  THIS FRIDAY!

A lot of you couldn't make it the last time we tried Midtown Station, so
we'll give it another try this week.  C'mon by after work and  see all the
people whose names you have already forgotten.

The holidays are closing on us faster than a Tennessee linebacker on an
Alabama quarterback.  There aren't too many more opportunities before the end
of the year, so let's make this one count!

Catch you there.

-M

Midtown Station
2306 Brazos
Take Smith down to Hadley and hang a right.  The bar is a couple of blocks
down on the left.


"How Much do Firms Hedge with Derivatives?"

      BY:  WAYNE R. GUAY
              University of Pennsylvania
           S.P. KOTHARI
              Massachusetts Institute of Technology

Document:  Available from the SSRN Electronic Paper Collection:
           http://papers.ssrn.com/paper.taf?abstract_id=253036

    Date:  March 2001

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


Ok
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/21/2000
02:36 PM ---------------------------

Christopher F Calger
06/21/2000 12:12 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Offsite

Dave,

I would like to have a mid-year offsite with my group in late July.  I would
like to include the associates and west CTG folks since they are a
significant part of our team and we have a tremendous amount of work to do
for the balance of the year.  We will keep costs reasonable by going to a
resort that is driving distance from Portland.  Total cost is estimated at
$23M.  We will have 1.5 days in conference and .5 days of activity (golf,
etc.).  My assistant will send details to Kay.  Are you OK with this?

Regards,

Chris


judy.townsend@enron.com, To unsubscribe send a blank mailto:leave-enerfaxtext-14816594U@relay.netatlantic.com

Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
              Monday, January 28 2002 No. 921
Visit: http://www.enerfax.com to view our web version or for Oil Prices &
News http://www.enerfaxgold.com

PHYSICAL NATURAL GAS PRICES
Gulf/Eastern Region
| Agua Dulce               | 1.92  |
| ANR SE                   | 1.97  |
| Carthage TG              | 1.95  |
| Chicago Citygate         | 2.03  |
| Columbia Gulf Onshore    | 2.00  |
| Dominion South Point     | 2.11  |
| Henry Hub                | 2.03  |
| Houston Ship Channel     | 2.04  |
| Katy Hub                 | 1.97  |
| NGPL LA Pool             | 1.95  |
| NGPL - Midcontinent      | 1.91  |
| NGPL STX                 | 1.93  |
| NGPL TX/OK               | 1.93  |
| NNG Demarc.              | 1.96  |
| Niagara                  | 2.18  |
| Sonat Tier 1             | 2.00  |
| TCO IPP Pool             | 2.12  |
| Tetco ELa                | 2.01  |
| Tetco M-3                | 2.26  |
| Tetco STX                | 1.92  |
| TGP Zone 0               | 1.92  |
| TGP Zone 1 (500 Leg)     | 1.98  |
| TGT Zone SL              | 2.00  |
| New York Citygate        | 2.27  |
| Transco Station 65       | 2.06  |
| Transco Zone 6 (NY)      | 2.27  |
| Trunk ELa                | 1.99  |
| Western Region
| California Border        | 2.05  |
| El Paso Keystone         | 1.90  |
| El Paso San Juan-Blanco  | 1.91  |
| Waha Hub                 | 1.91  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)       | 2.90  |
| Dawn Hub/Union           | 2.12  |
| Northwest Stanfield      | 2.03  |
| Wyoming Pool             | 1.86  |
| Opal                     | 1.86  |
| PGT-Malin                | 2.10  |
| Sumas                    | 2.03  |
        Flow Dates 1/26-28
-------------------------------------------------------------

NATURAL GAS FUTURES
Henry Hub
12 Month Strip  2.4590 +0.0027
18 Month Strip  2.6026 -0.0037
| Month | High  |  Low  | Close | Change |
| FEB   | 2.105 | 1.990 | 2.037 | -0.011 |
| MAR   | 2.900 | 2.050 | 2.104 | +0.014 |
| APR   | 2.200 | 2.135 | 2.180 | +0.014 |
| MAY   | 2.280 | 2.230 | 2.269 | +0.010 |
| JUN   | 2.350 | 2.300 | 2.342 | +0.010 |
| JUL   | 2.420 | 2.390 | 2.414 | +0.006 |
| AUG   | 2.480 | 2.440 | 2.467 | +0.006 |
| SEP   | 2.480 | 2.450 | 2.476 | +0.003 |
| OCT   | 2.510 | 2.475 | 2.503 | -0.002 |
| NOV   | 2.745 | 2.715 | 2.733 | -0.009 |
| DEC   | 2.950 | 2.920 | 2.945 | -0.009 |
| JAN   | 3.050 | 3.010 | 3.038 | -0.010 |
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Natural Gas Futures Dip But Hold Above $2

    Natural gas futures for February delivery on the NYMEX dipped briefly
below $2 per MMBtu Friday, but bounced back on short-covering and funds
rolling to end the day down $0.011 at $2.037 per MMBtu. The March contract
gained $0.014 to $2.104 per MMBtu. The market began the session lower and
gradually works its way higher most of the day, holding inside only a
$0.05 range. Funds continued rolling positions into March and April
contracts and beyond, and marketers braced themselves for February's
expiration tomorrow. Although the market is making an effort to stay above
$2.00, it made a lower high, a lower low and closed lower for the day and
the week. So look for the market to continue down this week unless colder
weather is forecast. Also expect to see an even smaller withdrawal this
week from storage of about 110 - 120 Bcf. However, there is a chance for
limited short-covering into expiration as the market continues to be
oversold technically. On Friday, estimated volume was about 90,000
contracts, with about 40,000 of those spreads or hedge trades. Natural gas
for weekend delivery across the US and Canada was generally $0.05 - $0.15
lower Friday, Natural gas for weekend delivery at the Henry hub dropped
$0.09 to $2.03 per MMBtu.
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Today's Power Bulletins
 * Brazil's Parana State Cancels Copel Power Firm Privatization
 * VP Cheney Says He Still Won't Turn Over Energy Papers to GAO
 * Cinergy Declares Quarterly Dividend of $0.25 per Common Share
 * Constellation Energy Group Employees Give Record $2.49 Million to
United Way
 * Exelon Nuclear Reports 94.4% Capacity Factor, Record Generation
 * Senate Energy Committee to Look Into Impact of Enron Demise on Energy
Markets
 * California Consumer Group Slams PG&E Restructure Plan
 * Western Peak Power Prices Increase on Colder Temperatures
 * Most Northeast Power Prices Rise Amid Cooler Weather Forecast
 * Mid-Continent Power Prices Mixed on Weather and Generation
 * Southeast Power Prices Mixed; Mild Weather Cuts Generation
-------------------------------------------------------------
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S&P Changes Ratings Process

    Standard & Poor's is changing the way it rates companies, in part
because of problems from the demise of Enron. S&P is likely to conduct
more formal reviews of ratings, and will be more specific about how far a
rating may fall in the event of a review for downgrade. It will also focus
more on credit cliff situations, which could result in a precipitous
decline in a company's ratings if certain events take place. It will
require companies to publicize rating triggers, such as one that in
November could have forced Enron to pay off a $690 million note because of
a recent downgrade. S&P is considering how best to incorporate securities
price movements into ratings. S&P rates companies on a sliding scale from
'AAA' to 'D'. Moody's Investors Service and Fitch are also considering
changes to make their own rating activity more timely.
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-------------------------------------------------------------
Natural Gas NYMEX Volume
02FEB   45,804
02MAR   30,344
02APR    7,368
02MAY    4,797
02JUN    4,358
02JLY    2,387
02AUG    2,501
02SEP      683
02OCT    1,693
02NOV    1,416
02DEC      636
03JAN    2,671
03FEB    1,925
03MAR      821
03APR      137
03MAY       32
03JUN      447
03JLY      406
03AUG      247
03SEP        8
03OCT      135
03NOV       40
03DEC      471
04JAN      121
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Commodity Futures Trading Commission

NYMEX Natural Gas Futures
Reportable Positions as of  1/22/02

Open Interest: 489,390                                  10,000 MMBtu
                                                       Nonreportable

Non-Commercial         |   Commercial |     Total    | Positions
Long | Short| Spreading| Long | Short | Long | Short | Long  | Short
3,286 65,929   43,544  403,415 345,241 450,245 454,714  39,145 34,676

Changes from 1/08/02                 Change in Open Interest:  20,471
 -510  8,913    1,837   30,241  17,767  31,568  28,517   3,060  6,111

Percent of Open Interest for Each Category of Traders
  0.7   13.5      8.9     82.4    70.5   92.0     92.9     8.0    7.1
-------------------------------------------------------------
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-------------------------------------------------------------
PHYSICAL POWER PRICES
|            | High  |  Low  | Average |
|            | $/MWh | $/MWh |  $/MWh  |
| Cinergy    | 18.50 | 17.20 |  17.55  |
| ECAR       | 21.50 | 16.50 |  18.85  |
| ERCOT      | 17.75 | 17.05 |  17.25  |
| Entergy    | 17.50 | 17.00 |  17.25  |
| TVA        | 19.95 | 19.40 |  19.90  |
| ComEd      | 17.75 | 17.00 |  17.35  |
| Nepool     | 28.50 | 27.50 |  28.30  |
| PJM West   | 22.75 | 22.75 |  22.35  |
| Main       | 18.50 | 17.00 |  17.55  |
| MAPP       | 20.00 | 18.50 |  19.15  |
| Palo Verde | 25.75 | 23.50 |  24.70  |
| Mid C      | 22.50 | 21.75 |  22.05  |
| COB        | 24.25 | 23.50 |  23.90  |
| 4 Corners  | 26.00 | 24.75 |  25.45  |
| Mead       | 26.25 | 25.25 |  25.65  |
| NP 15      | 26.25 | 25.00 |  25.65  |
| SP 15      | 27.00 | 25.00 |  26.30  |
-------------------------------------------------------------
Exelon Reduces Net Income on Accounting Error

  Exelon 3rd quarter net income was 6.7% lower than reported in October
because of an accounting error. Net income was $376 million, or $1.16 per
share, not $403 million, or $1.25 per share. That means Exelon's 3rd
quarter profit rose 62% from $232 million, or $1.35 per share, a year
earlier. The company had a bigger than expected loss in a trust fund that
has money for dismantling nuclear generators after they are closed. The
fund is not managed by Exelon. Exelon will report 4th quarter and 2001
financial results tomorrow. It probably earned about $4.30 - $4.45 last
year.
-------------------------------------------------------------
Allegheny Energy Supply Company, Salt River Project (SRP) and Sempra
Energy
Resources announce Open Season for proposed Desert Crossing Gas Storage
and
Transportation System. Open Season for customers interested in capacity
begins Jan. 10, 2002 and extends through Feb. 8, 2002.  For information,
visit http://www.desert-crossing.com
-------------------------------------------------------------
Todays Gas Bulletins
 * Enron Australia Administrators Propose Liquidation
 * White House Orders Enron and Andersen Contracts Review
 * S&P Places Alberta Energy Ratings on CreditWatch with Positive
Implications
 * S&P Places PanCanadian Energy Ratings on CreditWatch with Negative
Implications
 * Baker Hughes Says Rigs Searching for Oil and Natural Gas in US Fell 10
to 859 Last Week Compared to 1,116 Year Ago; Canada Up 22 to 459 Compared
to Year Ago; Gulf of Mexico Down 5 at 117 Compared to 163 Year Ago
 * AFL-CIO Calls on Companies to Refuse Re-Nomination of Enron Directors
to Their Boards
 * NXT Announces Successful Completion of Red River Discovery in North
Dakota
 * Almost All Probing Enron Received Campaign Money
 * ABB Stock Jumps After Halliburton Rally
------------------------------------------------------------
Former Enron Vice Chairman Apparently Commits Suicide

    Former Enron Vice Chairman John Clifford Baxter, who had opposed the
accounting practices that led to the downfall of the energy trading giant,
apparently took his own life early Friday morning. Police said that Baxter
was dead at the scene and the only occupant of the car. A suicide note and
a revolver were found at the scene. Baxter was chairman and CEO of Enron
North America before being named chief strategy officer. In October of
2000, he was promoted to vice chairman. Baxter resigned last May after ten
years with Enron, during which time he helped build its wholesale energy
business. Baxter had disagreed with then CEO Jeffrey Skilling over the
inappropriateness of off-balance-sheet transactions involving partnerships
that ultimately brought the company down. Baxter was one of the Enron
directors targeted in about 40 investor lawsuits which allege that the
company concealed losses by the use of the partnerships. Baxter engineered
the $3.21 billion purchase of Portland General Electric in 1997. Enron has
agreed to sell the utility to Northwest Natural Gas for $2.98 billion in
cash, stock and debt. Baxter resigned after losing a battle with Skilling
for control of the direction the company would take. He favored the
acquisition of energy producing assets to build the company, while
Skilling preferred to expand the commodities trading unit, in Enron's
asset light theory. Baxter reportedly told friends that he planned to earn
a Ph.D. in history, spend time with his family and look for a position as
chief executive at another company.
------------------------------------------------------------
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-------------------------------------------------------------
Dabhol Sale Process Begins This Week

    The bidding process for Enron's $2.9 billion Dabhol Power project in
India is set to begin this week. The Industrial Development Bank of India
said advertisements will be placed in newspapers. Interested foreign
companies are Royal Dutch/Shell, TotalFinaElf and Gaz de France. Potential
Indian buyers are BSES Ltd, Tata Power and Gas Authority of India.
Reportedly Rothschild, DSP Merrill Lynch and Smifs Securities have been
appointed to search for bidders. The vast 2,184 MW natural gas fired power
plant and nearby LNG facility, the largest foreign private investment ever
in India, has been idle since Enron pulled out last June in a dispute over
the cost of the power provided to its only customer, the Maharashtra State
Electricity Board. The 740 MW first phase of Dabhol began operating in May
1999. A 1,444 MW 2nd phase was almost complete when construction was
halted after the state electricity board fell $240 million behind in
payments for power provided. Those interested in acquiring the plant must
put up a non-refundable $100,000 in earnest money. The sellers intend to
sell the plant as a whole, but bidders may bid jointly for the operation
and split it up later. A London data room will be established for the
commercial and financial agreements, operating and historical data,
projections and information on the status of Phase II. Due diligence is
expected to begin early next month, with a possible deadline of the middle
of March for submitting offers. The US government's Overseas Private
Investment Corporation, a lender and guarantor of  loans to the project,
and IDBI have led the talks among the parties involved, including 5 Indian
financial institutions, 20 foreign banks, 3 foreign government lending
agencies, several governments, equity holders and potential bidders. Enron
owns 65% of the Dabhol project, GE and Bechtel each own 10% and the
Maharashtra State Electricity Board 15%.
-------------------------------------------------------------
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-------------------------------------------------------------
POWER FUTURES
| Month |   COB   | Change |   PV    | Change |
| FEB   |  21.25  | +0.00  |  22.10  | -0.70  |
| MAR   |  18.50  | +0.00  |  21.75  | -0.75  |
| APR   |  20.00  | +0.00  |  23.25  | -0.75  |
| MAY   |  18.25  | +0.00  |  24.00  | -0.75  |
| JUN   |  20.00  | +0.00  |  28.50  | -0.65  |
| JUL   |  29.50  | +0.00  |  37.75  | -1.00  |
| AUG   |  40.00  | +0.00  |  43.25  | -0.75  |
| SEP   |  34.00  | +0.00  |  32.75  | -0.55  |
| OCT   |  28.00  | +0.00  |  27.75  | -0.25  |
| NOV   |  27.50  | +0.00  |  26.75  | -0.25  |
| DEC   |  28.50  | +0.00  |  27.25  | -0.25  |
| JAN   |  28.50  | +0.00  |  28.25  | +0.00  |
| Month | Entergy | Change | Cinergy | Change |
| FEB   |  18.30  | -0.50  |  19.70  | -0.30  |
| MAR   |  19.40  | +0.65  |  20.80  | -0.20  |
| APR   |  19.40  | +0.65  |  20.80  | -0.30  |
| MAY   |  22.50  | -0.75  |  24.00  | -0.50  |
| JUN   |  26.40  | -0.75  |  28.70  | -1.00  |
| JUL   |  33.25  | -1.00  |  37.25  | -0.75  |
| AUG   |  33.25  | -1.00  |  37.25  | -0.75  |
| SEP   |  26.00  | +4.50  |  22.25  | -0.25  |
| OCT   |  21.35  | -0.40  |  21.90  | -0.20  |
| NOV   |  21.35  | -0.40  |  22.10  | +0.00  |
| DEC   |  21.35  | -0.40  |  22.10  | +0.00  |
| JAN   |  24.00  | -0.25  |  25.00  | -0.25  |
-------------------------------------------------------------
Power Futures
| Month |  PJM  | Change |
| FEB   | 23.75 | -0.25  |
| MAR   | 24.05 | -0.20  |
| APR   | 24.05 | -0.20  |
| MAY   | 26.75 | -0.45  |
| JUN   | 33.00 | -0.50  |
| JUL   | 44.40 | -0.60  |
| AUG   | 44.40 | -0.60  |
| SEP   | 25.30 | +0.05  |
| OCT   | 24.95 | -0.15  |
| NOV   | 24.95 | -0.15  |
| DEC   | 24.95 | -0.15  |
| JAN   | 28.50 | +0.25  |
-------------------------------------------------------------
California PUC Rejects Sempra Settlement

    The California PUC has rejected a settlement proposed by Sempra Energy
that seeks to split profits from power sales between customers of San
Diego Gas and Electric and shareholders. The decision will likely lead to
a lawsuit between Sempra and the PUC. At stake is $363 million the PUC
argues could be used to the benefit of customers by paying down a special
balancing account set up during the California's energy crisis last year
that captured the difference between retail prices state regulators
allowed SDG&E to charge and soaring wholesale power prices. To cash in on
the high prices, SDG&E sold all the electricity remaining on several
5-year power contracts it had signed in 1996 and 1997, pocketing the
profit..
-------------------------------------------------------------
Energy Seminars, Inc. Announces Key Seminar Offerings for January:

Energy Seminars will be going to Florida and Calgary in 2002!

Click to http://www.energyseminars.com to see our 2002 schedule.

Register on-line at http://www.energyseminars.com or call Registrar Gina
Patrick

Phone: 281-362-7979
FAX: 281-296-9922
--------------------------------------------------------------------------------------------------------------------------

Alberta Energy and PanCanadian Consider Merger

    PanCanadian Energy Will buy Alberta Energy in a $16.8 billion share
exchange deal which will create North America's largest oil exploration
and production company, replacing Anadarko. The deal will allow the
companies to compete effectively on a global basis. The new company, which
is to be headquartered in Calgary, will be named EnCana Corp. The exchange
ratio is a market-to-market ratio based on the average of the closing
price for the 10 trading days ended January 23rd. PanCanadian shareholders
will own about 54% and AEC shareholders will own about 46% of EnCana.
Combined, the stocks of the two companies make up 44% of the TSE's oil and
gas sub-index. Some say that Canadian companies have realized the need to
bulk up in order to be competitive with larger companies in the US, like
Anadarko, Burlington Resources and Devon Energy, and to attract investors.
The deal could also be a self-protection measure in response to last
year's rash of takeovers of Canadian oil firms by US companies, like those
that took over Gulf Canada, Anderson Exploration and Canadian Hunter.
Alberta Energy and PanCanadian may have seen themselves as vulnerable to
possible takeovers. PanCanadian had been considered a possible takeover
target when it was spun off from Canadian Pacific in October. A new
AEC-PanCanadian company would produce 255,000 bpd of oil and natural gas
liquids and 2.5 Bcf of natural gas per day. PanCanadian has natural gas
and oil production facilities in Western Canada and offshore operations in
Nova Scotia, the Gulf of Mexico and North Sea, where it recently
discovered the areas largest oil field in 10 years, named Buzzard. AEC
also produces oil and natural gas in Western Canada, owns about 14% of the
Syncrude Canada oil sands project and has exploration, production,
pipeline and natural gas storage units in the Rocky Mountains, Ecuador and
the Arctic.
-------------------------------------------------------------

           Progas Storage and Services, Inc.

Progas can custom build gas storage in the Upper Midwest.

? Design to your specifications
? Close to your markets
? Unregulated storage
? Lower transportation fees
? Lower storage rates

Progas is now accepting proposals and orders for years 2002-2007 for
approxamately 5 bcf of storage on Midwestern system serving Indiana,
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northern Kentucky, Indiana, and Ohio.  Additional potential storage filds
beding acquired at this time on Midwestern, anhandle Eastern and A & R
(Coastal) systems serving the Upper Midwest. Inquiries from potential
partners, investment bankers, and brokers welcome.

Progas Storage and Services, Inc.
8610 South Highway 277
Abilene, TX 79606
Phone: 915-698-3699
Fax: 915-698-2859
Email: gastorage@aol.com
-------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 rose 1.70 points to 7659.29
The CRB Index gained 0.81 points to 189.85
The US Dollar increased 1.27 points to 119.85
The Dow advanced 44.01 points to 9840.08
The S&P 500 added 1.13 points to 1133.28
The Nasdaq was down 4.88 points to 1937.70
March NYMEX Crude Oil climbed 0.29 to 19.99
Canadian-US Exchange rose 0.0059 to 1.6079
-------------------------------------------------------------
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SEE COMPLETE DETAILS CLICK HERE :http://www.energyinstitution.org
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SEE COMPLETE DETAILS CLICK HERE: http://www.energyinstitution.org

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Sagewave at
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http://www.epis.com
http://www.rwbeck.com
http://www.NewEnergyAssoc.com

enerfaxtext, forward to delete@enerfax.com to unsubscribe.


>   See attached.
>
>
---------------------------------------------------------------------
Este mensaje es confidencial. Puede contener informacion amparada
por el secreto profesional. Si usted ha recibido este e-mail por error,
por favor comuniquenoslo inmediatamente via e-mail y tenga la
amabilidad de eliminarlo de su sistema; no debera copiar el mensaje
ni divulgar su contenido a ninguna persona. Muchas gracias.

This message is confidential. It may also contain information that is
privileged or otherwise legally exempt from disclosure. If you have
received it by mistake please let us know by e-mail immediately and
delete it from your system; should also not copy the message nor
disclose its contents to anyone. Many thanks.
 ---------------------------------------------------------------------

 - att1.unk


Mark, Mark and Kurt,
I can't access the Transfer directory right now so here are today's downloads.

Regards,
Matt


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 06/07/2000
05:27 PM ---------------------------

Katherine Benedict
06/07/2000 03:08 PM
To: Katherine Benedict/HOU/ECT@ECT
cc:  (bcc: Daren J Farmer/HOU/ECT)
Subject: Message from Brian Redmond

In 1925 Houston Pipe Line Company was formed to fuel a growing Houston
economy.  Over the past 75 years, we have expanded our physical network
across the Texas Gulf Coast, and we now offer a wide range of financial,
commodity and risk management services.    HPL is the largest single supplier
of gas to Entex and is one of the most flexible intrastate pipeline systems
in the country due to our 118 Bcf Bammel Storage field.

To celebrate our 75th birthday, I am pleased to invite HPL employees and
their spouse or guest to a company-sponsored event on Saturday the 9th of
September at Moody Gardens in Galveston, Texas.  The attached invitation
provides the details.  Additional information will be sent to you over the
summer.  Please mark your calendars with this date, and I look forward to
seeing you there.

Sincerely,

Brian Redmond
President - HPL


AUG. 4                TECO TAP        120.000/ HPL IFERC ;      20.000/ ENRON
                              LS HPL KATY     20.000/ ENRON

AUG. 5                 TECO TAP           96.667/ HPL IFERC  ;      20.000/
ENRON
                               LS HPL KATY       20.000/ ENRON

AUG. 6                   TECO TAP          120.000/ HPL IFERC ;      20.000/
ENRON
                                LS HPL KATY       20.000/ ENRON


Please send the documents to me at EB3802.  Thanks!

	Cheryl Johnson@ENRON
	01/16/2001 01:44 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Merger Documentation-First Energy

If you were responding to this note earlier, Marilyn was asking if you wanted
to receive copies of all the documentation.  If so, please provide your
location.
---------------------- Forwarded by Cheryl Johnson/Corp/Enron on 01/16/2001
12:39 PM ---------------------------

Marilyn Colbert@ECT
01/16/2001 11:59 AM
To: Tana Jones/HOU/ECT@ECT
cc: Cheryl Johnson/Corp/Enron@Enron

Subject: Re: Merger Documentation-First Energy

Hi Tana -
Cheryl Johnson has the document copies and will send you one. She is going to
start distributing copies as she updates the system instead of waiting for
the report sendout. If you want to be on the list, send her an email to be
added.  Marilyn

From: Tana Jones on 01/16/2001 11:40 AM
To: Marilyn Colbert/HOU/ECT@ECT
cc:
Subject: Merger Documentation-First Energy

I am being told that FirstEnergy Services Corp. is the successor by merger to
First Energy Trading Services Inc.  I do not have any documentation
reflecting this merger.  Do you?


Attached is a consolidated document that details specific issues the market
 is experiencing with the 820 payment and remittance advice process.  The
RMS
 meeting referenced below in Debbie McKeever's email will focus on this
 document and we will work to gain market consensus on resolution.  Please
 prepare by reviewing this document and bring a copy with you on the 11th.

 Thank you,
 ____________________________________
 Shirley Whyte
 713-906-5224
 ----- Original Message -----
> From: <DMCKEEV1@oncorgroup.com>
> To: <rms@ercot.com>; <testplan@ercot.com>; <txset@ercot.com>
> Sent: Friday, February 01, 2002 2:17 PM
> Subject: 820 Workshop - Feb 11th
>
>
> > Hello,
> >
> > RMS has authorized an 820 Workshop to focus Pilot and Retail Market Open
> > issues regarding CR Payments and Remittance Advices to the TDSPs.
> >
> > The workshop will be held in Austin atthe ERCOT Met Center,7620 Metro
> > Center Drive on February 11th from
> > 10:00 a.m. to 4:00 p.m.
> >
> > The issues have been consolidated into a concise document that will be
> > distributed by COB Monday, 2/4.  Please be sure to read the document
> > thoroughly prior to the meeting.  The suggested audience for this
workshop
> > is:  CRs and TDSPS.  ERCOT is not involved in the 820 process.  It is
> > highly recommended that CRs and TDSPs send a representative from their
> > Treasury Department, representatives from Accounts Receivable/Payable,
and
> > a technical representative. Please pass this meeting invitation on to
> those
> > relevant in your organization.
> >
> > The market is interested in resolving the existing issues quickly so
> please
> > be prepared to send decision makers to this workshop.
> >
> > Please RSVP to twaggoner@ercot.com by COB on February 7th.
> >
> > Thank you,
> >
> > Debbie McKeever
> >
> >
>

 - 820-Issues-02-04-02.doc


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/02/2000
02:25 PM ---------------------------

Daniel Diamond
06/01/2000 07:25 PM
To: Kevin M Presto/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Alan
Engberg/HOU/ECT@ECT, Douglas S Friedman/HOU/ECT@ECT, Craig
Breslau/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT, Kevin
McGowan/Corp/Enron@ENRON, Edward D Baughman/HOU/ECT@ECT, Paul Racicot/Enron
Communications@Enron Communications, Ed Quinn
cc: Vince J Kaminski/HOU/ECT@ECT, Edward Ondarza/HOU/ECT@ECT
Subject: EnronOnline Phase 2 requirements

This is just a reminder of some of the items that we discussed.  Feel free to
give me a call if you have further questions.

Thanks Again,

-Dan


Any GCP adjustments will be highlighted in dark red.

Rgds.

Samuel x3-9890 (GCP Team)
Enron Net Works _ Global Data Mgt.

From: Aparna Rajaram/ENRON@enronXgate on 04/04/2001 01:25 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, 04-04-01

Please see attached. Thanks.

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


Hi!


I will enter this deal in the system and let you guys know what the deal
number is.

---------------------- Forwarded by Chris Germany/HOU/ECT on 07/06/2000 07:37
AM ---------------------------

dkinney@columbiaenergygroup.com on 07/05/2000 03:55:25 PM
To: " - *joann.collins@enron.com" <joann.collins@enron.com>, " -
*scott.goodell@enron.com" <scott.goodell@enron.com>, " -
*Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc: " - *Dalphon, Charles" <cdalpho@columbiaenergygroup.com>, " -
*Destephanis, Kara" <kdestep@columbiaenergygroup.com>
Subject: July Volume Request for C&I customers behind COH

Chris and all--Below is our volume request for July 7-31 for C&I customers
behind COH.  Its a similar situation to the one we had in June with C&I
customers taken over from us by Metromedia Energy.  We need to do a separate
deal to cover these volumes like we did in June.
Please provide Kara with contract numbers in the morning.  Also, could you
please provide the pricing on this deal?  Thanks.

COH Supply to C&I Customers of MME
July 7-31, 2000

 MARKET
LDC AREAS  dth
   per day
COH 3 3-15   0
COH 5 5-2   0
COH 5 5-7   280
COH 7 7-1   1557
COH 7 7-3   100
COH 7 7-4   1040
COH 7 7-5   1235
COH 7 7-6   124
COH 7 7-8   420
COH 7 7-9   3131
COH 8 8-35  80

TOTALS  7967

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317


512927 has also been changed to .005 broker fee.

Kate

Stephanie Piwetz   02/05/2001 06:37 AM

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

Subject: bro fees with Bloomberg

please check fees on the following trades,  thanks

---------------------- Forwarded by Stephanie Piwetz/HOU/ECT on 02/05/2001
08:43 AM ---------------------------
Stephanie Piwetz   02/02/2001 05:32 PM

To: Kate Symes/PDX/ECT@ECT
cc:
Subject: bro fees with Bloomberg

Kate, please verify with traders
tom
deal 512827.01
enron sells merrill
260.00   Q2    2001
25 mws

bloomberg has fee .005   we have zero

bob badeer
deal 512927.01
Enron sells merrill
Q2 2001
250.00

bloomberg has .005 fee, we have zero

if fee
please add

thanks


Thank you for your participation in the above referenced visit to Enron.  Attached is a final agenda with attendees.  There are approximately 10 guests from Norsk Hydro.  Due to the size of the group, all meetings will be held in 50M.  I will have an LCD projector in the room if you wish to use a slide presentation.

Enron Norway would like this visit to be an opportunity to create a favorable climate for increasing business with Norsk Hydro as deregulation in Europe takes off.

To reiterate, this is a study team that is part of Hydro Energy Management Group, a division of Norsk Hydro in the oil and energy sector.  This visit is part of a one week trip to Houston with visits to at least four or five companies.    They are here to exchange ideas in a free informal give and take discussion about:
Operation in deregulated markets
E-Commerce
Risk Management
Tolling Agreements/Gas for Power
Trading

My role is to act as facilitator and agenda timekeeper.  Please let me know if there is additional information you require.

Thank you.
Carrie
Manager, Enron Corp. Marketing Services
713-853-3522
crobert@enron.com
http://experience.enron.com


Thanks for your Christmas letter.  It was good to see how Celena has grown!

I'll be back in NYC Jan. 6 & 7 - any hope for dinner or at least a drink on
Thurs. eve.?  My flight is scheduled to get in around 6:45 pm.

Mark


Andy, Kathy - can you help with this?

Linda J Ewing
02/23/2001 02:00 PM
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Sempra Energy trading

I need the desk id for Sempra Energy trading Temp # 67083 for 01/2001
production  (Supply)

Thanks
Linda


Make that cleaned out my purse, not my person.  Geez.


Please see attached new user notes.  See last sentence of item 3 applicable to contracts for certain physical trading product types.

Also see revised form change, 14(a) where we have added a safety net provision covering contracts that may allow any type of cherrypicking.

No change to Form of Collateral Annex.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


At $1650 it sounds like a bargain!

	Jessica A Wentworth
	Sent by: Jessica A Wentworth
	12/05/2000 11:18 AM

		 To: Gerald Nemec/HOU/ECT@ECT, Bruce Rudy/NA/Enron@Enron
		 cc:
		 Subject: FW: West Coast White Shark Trip

Hi Gerald and Bruce:  Thought I would just forward this message from my
brother to you guys.  Gerald, I've heard you dive quite a bit and thought you
might enjoy this.  My brother, Matt, is an avid diver and I trust he knows
his stuff.  No big deal, just thought I would share.

Thanks

Jessica Wentworth
303-575-6482
303-534-2205 FAX
----- Forwarded by Jessica A Wentworth/NA/Enron on 12/05/2000 11:14 AM -----

-----Original Message-----
From:    O'Brien Matthew J. [mailto:mj.obrien@hosp.wisc.edu]
Sent:   Tuesday, November 28, 2000 8:33 AM
To:   Dave. Wentworth (E-mail); Greg Seemann (E-mail); Jay Salvo (E-mail);
Richard C. Steinfeldt (E-mail); Steve Jacobs [Jacos11@Itis.Com] (E-mail);
Salzmann William B.
Subject:   FW: West Coast White Shark Trip

Anyone up for a little shark trip? I have dove with Paul Anes before on a
blue shark dive trip. It was great.
MattO
-----Original Message-----
From:   Paul Anes [mailto:panes1@san.rr.com]
Sent:   Monday, November 27, 2000 7:26 PM
To:   PETER.ABASHIAN@BENTLEY.COM
Subject:   West Coast White Shark Trip

I am pleased to announce that details have been finalized for an upcomming
White Shark expediton scheduled for Sept 10-14, 2001 aboard the 75 ft.
Horizon live-aboard. Cost is $1650.  This is a limited load trip. We will
only be taking 12 divers. The Horizon will depart from San Diego bound for
Guadelupe Island off the Baja, Mexico coast. Guadelupe Is. is known as one
of the premier big fish destinations for long range sportsfishermen. The
white sharks there have been scaring the hell out of the fishermen when they
rise out of the deep to snatch the large tuna hooked by the fishermen as
they bring them to the boat.
You can download trip details at: http://www.sdsharkdiving.com/guadalupe.htm
I hope you can join us on this very special expediton to dive with the
"Ultimate
Predator"

Regards,

Doc Anes-San Diego Shark Diving


tonite, tomorrow, and Wed nite all baaaad.  how about thur after you and i
work out?

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re:

What day works for you?   Working out tonite??

To: James R Barker/HOU/EES@EES
cc:
Subject: Re:

I'm here for you buddy.

To: Chris Germany/HOU/ECT@ECT
cc:
Subject:

Remember me for lunch next week.

JRB


Please see attached.

Thanks
Shelly


Bryan: Bob's number is 212-332-2554.  Let me know your impressions after the
meeting.  Mark

	Bryan Seyfried
	02/08/2001 11:08 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: meeting with Bob Pickle - Isda

mark - i will be in NY on Wednesday next week and would like to try and
schedule a quick meeting with Bob. Could you pls. email me his phone number
and I will try to arrange something.  Thanks again for your assistance.


CalISO filed a tariff to charge scheduling coordinators FERC's annual
charge.  The ISO should charge end users (transmission customers).  As you
know we just got FERC to rule that marketers don't have to pay the annual
charges.  Tim wants to protest.  Protests due 1/19!  Please respond ASAP.


Good Afternoon Sara,

I have reviewed and modified our Annex II. It does work with the
confirmation. Please review and advise of any changes you may request.

Thanks again!

Jorge


The decision to close the Body Shop came after the December 15 payroll run, so you will incur a deduction on your December 15 paycheck.  However, Payroll will refund those charges on your December 31 paycheck.

As a reminder the Body Shop will be open from 8:00 a.m. - 5:00 p.m. today through Friday, December 14, to allow members to retrieve personal items from lockers.

Thank you.


According to our records you are the student ordering this course.  Due to
this fact you are receiving a copy of this order modification email.

 Registration Cancellation Notification on 04/19/2001

From: VerticalNet Training Services (auto-generated)
Sent: Thursday, April 19, 2001
To:    mary.hain@enron.com
Cc:   Registrations Department
Subject: Registration Cancellation Notification

Registration ID: 13469
Vendor Name: Enron

Course name:  Power Marketing - Structuring Power Transactions
Class Date: May 22 2001 - May 23 2001
Location:  Houston TX
Student Enrolled: MARY HAIN

Dear Registrant, We have received your cancellation request.   This e-mail
serves as your confirmation of the cancellation.   Please CLICK HERE for
information regarding  supplier fees that may be associated with this
cancellation.  If you have received this message in error or  you have
questions, please contact me directly  at 800-642-3187 extension 1514.

For your information we have included the cancellation policy of this class
as follows:
Cancellation of class must be received at least 3 business days prior to
class time in order to prevent charges to your Cost Center. All "No Shows"
will be charged the full cost of the course. Substitutes may be sent provided
they have satisfied all course prerequisites.

Order Comments:

Taxes and Shipping Charges will be billed seperately when order is processed

Thank you,

Patricia Lopez
Registration Department
Project Manager, Registration
VerticalNet, Inc.
(713) 331 - 1514

 CLICK HERE to view this registration record.


I just got back in from Austin.We had our National Sales Meeting. I just
got back in last night.  Why don't we do lunch on Sat or Sun. ? Let me know
what day works best for you. Thanks. Don't forget, Lilly flys in on
3/15/02!


Steve,

The necessary information for ENA has been placed in the attached draft as
well as a few modifications to the front page.  In addition,  I have
included  at the end of the GISB a list of Special Provisions for your
review.

Finally,  with regards to "agent",  would you fax me a copy of the Agency
Agreement,  or is it possible for the agreement to be in the name of Murphy
Exploration & Production Company.

Regards,
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


-----Original Message-----
From:  <Philip.Levy@chase.com>@ENRON
[mailto:IMCEANOTES-+3CPhilip+2ELevy+40chase+2Ecom+3E+40ENRON@ENRON.com]
Sent: Wednesday, January 10, 2001 1:44 PM
To: Garberding, Michael
Cc: Jeffrey.W.Dellapina@chase.com; Ian.James@mourant.com;
Julie.Carter@mourant.com; Gareth.essexcater@mourant.com;
Melissa.C.Vogel@chase.com
Subject: Stoneville Aegean-ENAC
Importance: High

On behalf of Stoneville Aegean Ltd., attached please find a first draft of
the Natural Gas Forward Sale Agreement between Stoneville and ENAC, as well
as the confirmation of the fixed price forward transaction effected between
them.  Once you and your counsel have had an opportunity to review, please
feel free to contact me.  The Margin Agreement between Stoneville and ENAC
will be forwarded under separate cover soon.

Thanks for your patience and cooperation.

Regards,

Phil

(See attached file: Stoneville-ENAC Forward Sale Agreement.DOC)(See
attached file: Stoneville-ENAC Confirm.DOC)
 - Stoneville-ENAC Forward Sale Agreement.DOC
 - Stoneville-ENAC Confirm.DOC


For the rotation.  I think this is the one I sent you the email from the trader the other day.

 -----Original Message-----
From: 	Phillips, Rebecca
Sent:	Thursday, October 25, 2001 5:48 PM
To:	Panus, Stephanie
Cc:	Curry, Ken; Noel, Thierry
Subject:	Delphi ISDA Worksheet

Attached is the ISDA worksheet for Delphi Automotive Systems Corp.  Please let me know if you need anything else.
r


First I hope that I have everyone's correct E-mail. I guess time will tell on that.

Second I want to thank all of you for participating in the SO Training Workshop in Phoenix. Your input to date will help NERC define its role in training, and we hope improve on the training that is currently available to system operators, schedulers, marketers, and planners.

As promised attached are the flip chart notes from the workshop for you to look at and hopeful you will add more comments. I know that some attendees refrained from speaking out so here is your chance. Also I have included the complied results of the questionnaire that you filled out in class. I included this so you can see what others felt of the workshop and of the effort that NERC is undertaking in regards to the future of training. Maybe these notes will stimulate further thoughts and ideas. These are unedited versions.

I intentionally did not want to present some formal recommendation or program at this workshop because NERC (not just me) felt that it was important to get your opinions before drafting any program. This workshop will become the basis of what NERC will be doing in the future. Training is important, that was oblivious from some of our discussions. Through your input I can start to draft an outline of what NERC's role will be, what training is needed, and who needs the training. I can see now that there are varying levels of training that will be required. Some wish simple overviews, others want details and structure.

What is the next step? Each of you should review these documents and make comments, add other ideas that maybe you did not think of at the workshop. Talk about this with your fellow coworkers, seek their opinions and then send those comments back to me. I will then add any additional comments I receive to the flip chart document and try to define some of those thoughts and return them to each of you. After that I will start to draft a plan and/or program that will be posted for public comments. After public comments are received and reviewed, a second draft will be written and posted. This final draft may require approval (From the OC or BOT) before NERC rolls out any program.

Timeline:

First draft of SO workshop notes        sent            10/10/01

Comments on notes due to NERC by                10/31/01 ? This is your deadline to return any comments to me.

Second draft of SO workshop notes sent          11/16/01

First draft of NERC Training Program/Role       11/23/01

White paper on role and training program posted 12/07/01

Public Comments due     (45 days from posting)  01/21/02

Final draft of action plan for NERC             02/08/02

OC or BOT Approval of action plan (open)                (Unknown - depends on who will approve and when their meeting is held)

Again thanks for your help and participation. Remember with your help we can improve the quality and timeliness of training for everyone.

John Theotonio

<<Flip chart notes.doc>> <<SO Training Workshop Questionnaire Results.doc>>

John Theotonio

Manager - Training

North American Electric Reliability Council

Princeton Forrestal Village

116-390 Village Boulevard

Princeton, New Jersey 08540

Phone: 609-452-8060 Ext. 122

FAX: 609-452-9550

Email: John.Theotonio@NERC.net


Hello everyone,

My husband Ryan is going to be participating in the American Heart Walk on November 3.  He is walking on behalf of our daughter, Sydney, who was born in May of this year with Congenital Heart Disease.  If anyone would like to sponsor us with a cash donation, we would be very appreciative.  I will be accepting donations today and tomorrow.  This is a wonderful organization whose research saves lives like Sydney's every day.  All donations are matched by Enron and are 100% tax deductible.

Please help this worthwhile cause if you can.

Thanks,

Vicki Versen
x30903


There is a 25 mw heavy load schedule that BPA is generating (contract# 23928) and SPP sinks at Humbolt.   The schedule is going real-time because SPP reported the transmission incorrectly to AVA transmission group.  We bought from BPA Deal # 486140.1 and sold to SPP Deal # 610573.1.  Please refer to SPP tag number #2848.  Be sure to call everyone in the path to check out.

Thanks,
Stacy
(503)807-7861


Some lawyers outside the swaps/Enron Net Works group are inquiring about
attending the CFMA session we have scheduled with Ken Raisler for Monday,
March 5th.   The CFMA raises a number of issues that are of interest
throughout the Enron Wholesale Services legal department, and I think a
presentation to the entire EWS group will probably be in order at some point.

However, I think it is important that we keep the March 5th session specific
to the swaps/Enron Net Works group.  This is meant to be more of a
question-and-answer "workshop" session rather than a "big-picture"
presentation of the new law.   My concern is that if too wide a variety of
questions and issues are raised, we will not have enough time to focus on the
detailed financial trading issues and the appropriate form changes we need to
discuss with Ken.

Please help me in keeping attendance at the appropriate level so that we may
have a productive and focused session.  Thank you -- Bob

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


Thanks anyway.  no need to do anything right now.  enjoy your vacation.

Jeffrey Keeler
06/18/2001 01:10 PM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: Re:

Sorry I missed this on Friday --  was on vacation end of last week and rest
of this week.

If its not too late, I'll have Lisa pull some things together quickly.  Also,
my wife Marietta knows Isikoff well....they worked together on a number of
things when she was at Court TV in Washington.   Let me know what I can do to
help.

Jeffrey Keeler
Director, Environmental Strategies
Enron
Washington DC office - (202) 466-9157
Cell Phone (203) 464-1541


Backstreet boy's suck..................................I'm very disapointed
with you............make sure you don't mention you music tastes when we go
riding the "hogs"...


Sara - I'm in New Orleans for another week and had dinner with Larry and
Debbie Saunders last night. we spoke a LOT about you, and Larry revealed his
secret lust and love for you in front of Debbie. He was quite serious. I said
the same. So when can we ever get together?   sam


To give you a broad perspective on the issues I am dealing in our area, in
addition to the "regional integration/opening markets theme".

"High-noon" show-down over the gas issues. Enron needs to decide to veto the
gas contracts between Petrobras and the gas distribution companies in our
concessions.  We are been positioned as the stumbling block, preventing the
gas contracts for the emergency power plant program, eventually a national
security issue. If we agree with the contracts, we risk some value of the
distribution concessions.

Press articles about a deal with ABEGAS (Gas Distributors Association). The
ABEGAS representative has been negotiating on a number of limited issues. He
does not have the power to negotiate for the individual gas companies.

Project California.-  I have to give an optimistic  spin to the regulatory
situation.  I could be more forceful painting a "dark scenario" in front of
the investment community to pressure the reforms.  We will continue to press
with the regulators, but I will be hand-cuffed to take the debate forcefully
into the public arena.

Enron selling its assets/ getting out of the region.-  A communication
challenge because we can not comment on speculation but we need to tailor the
messages to our audiences. "We are here to stay".

Employees retention and recruiting
Customer/ Partnering relations
Government/ Institutions.

"A new beginning".- Petrobras has reorganized. They have a new Gas & Power
group. The new head has invited us to sit together to review our
relationships. Jim is optimistic about the results. I am not,  but we have to
do it anyway. We can not afford not to try.

Jose

See attachments about Thermoelctric program and Petrobras issues.


Please find the interview packet for the above-referenced candidate.  The
interview will occur on Thursday January 11, 2001.  Please print all
documents for your reference.  A hardcopy of the resume will be delivered via
runner.  If you have any questions, or conflicts of schedule, please do not
hesitate to call me.

Shawn Grady
713-345-8701


How about 9 am tomorrow morning in my office?


Please note that new factors will be put into production this evening.  Value-at-risk will most likely increase by the percentage outlined below.  Shorts are driving price risk, while long basis drives the forward physical risk.

Let me know if you need access to component VAR analysis, so that you can effectively manage VAR.

Frank


Neither ENA/RAC/EGF employees nor family members or others living in their
household or financially dependent on the ENA/RAC/EGF employee may purchase
or sell securities of any entity (or derivatives thereof) listed on the
Restricted List for your or their personal or related accounts or recommend
the purchase or sale of such securities to any person, except with the prior
approval of the Compliance Department in consultation with the ENA Legal
Department.

In addition to the trading restrictions above, should you at any time possess
non-public material information about any public company, you, your family
members and anybody that is financially dependent on you, are restricted from
trading in that issue, and you may not disclose the non-public material
information to anyone that does not have a business need to know.

Company Name Stock Symbol

3 TEC Energy Corp.      TTEN
Adrian Resources
Beau Canada Exploration Ltd BAU CN
Belco Oil & Gas Corporation BOG
Bonus Resource Services Corp BOU
Brigham Exploration BEXP
CanFibre Group Ltd. CFGL
Carrizo Oil & Gas Inc. CRZO
Costilla Energy COSE
Crown Energy CROE
CyNet, Inc. CYNE
Cypress Energy CYZ
Esenjay Exploration ESNJ
Hanover Compressor Co. HC
ICE Drilling Enterprises Inc. IDF
Industrial Holdings, Inc. IHII
Inland Resources, Inc. INLN
Kafus Environmental Industries, Inc. KS
Nakornthai Strip Mill Public Co Ltd NSM SET
Paladin Resources PLC PLR LD
Paradigm Geophysical PGEOF
Place Resources, Inc. PLG CN
Quanta Services Inc. PWR
Queen Sand Resources, Inc. QSRI
Quicksilver Resources Inc. KWK
Rhythms Netconnection Inc. RTHM
Saxon Petroleum, Inc. SXN CN
Startech SEH CN
Syntroleum Corp. SYNM
Tejon Ranch Corp. TRC
Titan Exploration TEXP
TransCoastal Marine Services, Inc. TCMS
Zargon Oil & Gas ZAR CN

The Restricted List is solely for the internal use of ENA/RAC/EGF.  No one
may engage in discussions regarding whether a security is or is not on the
Restricted List with persons outside ENA/RAC/EGF without specific clearance
from the Compliance Department in consultation with the ENA Legal Department.

In addition to the above, you are reminded that pursuant to Enron Corp.'s
Risk Management Policy ("Policy"), no ENA/RAC/EGF employee may engage in the
trading of any "Position"  ("Position" means any  commodity, financial
instrument, security, equity, financial asset or liability that are
authorized for trading in the Policy for the benefit of any party other than
ENA/RAC/EGF, whether for his/her own account or the account of any third
party, where such Position relates to (i) any commodity,  financial
instrument, security, equity, financial asset or liability which falls within
such employee's responsibility at ENA/RAC/EGF or (ii) any energy commodity.

The prohibitions listed above do not replace or modify the policies set forth
in ENA's Policies and Procedures Regarding Confidential Information and
Securities Trading, Enron Corp.'s Risk Management Policy, or Enron Corp.'s
Conduct of Business Affairs.  Should you have any questions regarding the
above, please contact me at ext. 31939.


Kathie,

Thank you for your email.  I've been out and all over the world.  I
appreciate your help on this article.  Attached is a copy of a presentation
that will fill you in on some of the businesses that we are working on.  This
should give you some ideas and clarifications on the first draft.

Here are a few other points of emphasis.

EGM was created to provide sharpened focus on very large global markets and
commodities to enable them to grow quickly
These markets are huge and we will become a big player rather than being
active in them
EGM provideds true network for market making opportunities related to
commodities that are highly liquid in physical and financial terms and are
enormous in market size
EGM leverages the value of Enron's existing network and international asset
positions
EGM's operation will coordinate with leveraging all of our wholesale
businesses
EGM has very aggressive growth targets in transactions and earnings
EGM has contributed almost $200 million in gross margin in its first  2
quarters in existence
Go big or go home philosophy
EGM will represent a clear transfer of  Enron wholesale market making model
into other commodities this year
GROWTH is the key!!!

Thanks for your help.

Mike

From: Kathie Grabstald/ENRON@enronXgate on 05/23/2001 09:10 AM
To: Mike McConnell/HOU/ECT@ECT
cc: Cathy Phillips/HOU/ECT@ECT
Subject: ENSIDE Newsletter

Good Morning Mike!

The next issue of our newsletter is in the works, with a planned distribution
set for late June. Mark Frevert has requested that the Executive Letter be
rotated among the presidents of EWS. This is the inside cover message and
should be 300+ words. I hope that you will be able to squeeze this into your
busy schedule.

Here is a suggested outline.  If you want to fill in the outline with
information, I will be happy to turn it into a letter for you.

 I.  An overview of EWS/EGM as we move forward.

 II. A short-term retrospective about EGM activities and successes

           III. Future plans/initiatives for EGM
     (strategic vision of the group, opportunities, expectations, etc.)

Please feel free to modify as you see fit.  I have attached Greg Whalley's
letter from our last issue to give you an idea of the format. Let me know if
there is anything I can do to help you.  I need your letter by June 15, if
possible.

Hope to hear from you soon.

Kathie Grabstald
ENA Public Relations
x 3-9610


Leslie,

Please review the index language below that Ben Rogers would like to offer on EOL.

Thanks,

Chris
3-7533

ISO NY Z-A RT

The Floating Price during a Determination Period shall be the average of the real-time prices listed in the Index for electricity delivered during the applicable hours on each Delivery Day during the applicable Determination Period.  The Floating Price for each Determination Period shall be calculated utilizing the hourly clearing prices published by the New York Independent System Operator on its official web site currently located at http://www.nyiso.com/oasis/index.html, or any successor thereto, under the headings "Real Time Market LBMP - Zonal; Zonal Prices; WEST (61752)"  (the "Index").

ISO NY Z-G RT

The Floating Price during a Determination Period shall be the average of the real-time prices listed in the Index for electricity delivered during the applicable hours on each Delivery Day during the applicable Determination Period.  The Floating Price for each Determination Period shall be calculated utilizing the hourly clearing prices published by the New York Independent System Operator on its official web site currently located at http://www.nyiso.com/oasis/index.html, or any successor thereto, under the headings "Real Time Market LBMP - Zonal; Zonal Prices; HUD VL (61758)"  (the "Index").

ISO NY Z-J RT

The Floating Price during a Determination Period shall be the average of the real-time prices listed in the Index for electricity delivered during the applicable hours on each Delivery Day during the applicable Determination Period.  The Floating Price for each Determination Period shall be calculated utilizing the hourly clearing prices published by the New York Independent System Operator on its official web site currently located at http://www.nyiso.com/oasis/index.html, or any successor thereto, under the headings "Real Time Market LBMP - Zonal; Zonal Prices; N.Y.C. (61761)"  (the "Index").


what does he trade


What about Adam Gross, Pavel Zhadorny, Mark Tawney?

	Shawna Johnson@ENRON
	02/22/2001 04:37 PM

		 To: Paul Adair/Corp/Enron@Enron, Jaime Alatorre/NA/Enron@Enron, Brad
Alford/NA/Enron@Enron, Phillip K Allen/HOU/ECT@ECT, Peter N
Anderson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Arnold/HOU/ECT@ECT, Harry
Arora/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Frank Bay/Enron
Communications@Enron Communications, Sally Beck/HOU/ECT@ECT
		 cc: Kevin McGowan/Corp/Enron@ENRON, Jennifer Fraser/HOU/ECT, Margaret
Rhee/Enron Communications@Enron Communications, Chris Hilgert/HOU/ECT@ect,
Jeffrey A Shankman/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT, Beth
Miertschin/HOU/ECT@ECT
		 Subject: Need Penn Interviewers

This is a request for your interview participation.  The Associate and
Analyst Programs will be on the Penn, undergraduate campus interviewing
summer Analyst interns next week.  Due to business reasons, previously
scheduled interviewers from the Penn team have had to cancel their
participation.

Currently, I need three interviewers for Thursday, March 1st  and one
interviewer for Friday, March 2nd.  Please let me know of your availability.
Campus interviews are scheduled as follows:

Place:  University of Pennsylvania

Date:  Thursday, March 1st   Friday, March 2nd
  Day One Interviews    Day Two Interviews
Where:  On Campus    Inn at Pen
Time:  8:00 - 5:00    8:00 - 5:00

Interviewers: Kevin McGowan- confirmed
  Jen Fraser- confirmed
  Margaret Rhee- confirmed
  Chris Hilgert- confirmed

In the event that you have scheduling conflicts and cannot participate, any
referrals at the Director or VP level would be greatly appreciated.

As always, thank you for your time and please contact me @ ext 58369 if you
have any questions.

Shawna Johnson
Recruiting Coordinator