---------------------- Forwarded by Judy Hernandez/HOU/ECT on 07/27/2000
11:28 AM ---------------------------

Angela Barnett
07/26/2000 05:37 PM
To: Regina Blackshear/Corp/Enron@ENRON, Angela Gill/NA/Enron@Enron, Derick
Jones/Corp/Enron@Enron, Warren Perry/Corp/Enron@Enron, Judy
Hernandez/HOU/ECT@ECT, Leslie Smith/HOU/ECT@ECT, Judy Walters/HOU/ECT@ECT,
lsharis@msn.com
cc:
Subject: A Visitor's Guide to Houston, TX

---------------------- Forwarded by Angela Barnett/HOU/ECT on 07/26/2000
05:36 PM ---------------------------

Mary Westbrook <kittenkid_65@yahoo.com> on 07/26/2000 04:36:40 PM
To: Mabel Abrasley <mabel@abrasley.com>
cc:
Subject: A Visitor's Guide to Houston, TX

A VISITORS' GUIDE TO HOUSTON, TX

(To enable our many visitors to cope with life in
America's Fourth
Largest
City)

1. First you must learn to pronounce the city name. It
is YEWS-TUN and
it
does not matter how people pronounce it in other
places.

2. Forget the traffic rules you learned elsewhere.
Houston has its own
version of traffic rules. Never forget that downtown
Houston is
composed
entirely of one way streets. The only way to get out
of center of town
is to
turn around and start over when you reach Dallas,
Texas.

3. All directions start with, "Go down Westheimer..."

4. Westheimer has no beginning and no end.

5. It's impossible to go around a block and wind up on
the street you
started on. The Chamber of Commerce calls this a
"scenic drive".

6. The 8am rush hour is from 6:30 to 9:30am. The
5:00pm rush hour is
from
3:30 to 6:30pm. Friday's rush hour starts on Thursday
morning.

7. If you actually stop at a yellow light, you cannot
be from Houston.

8. Reversible Lanes are not understood by anybody.

9. Kuykendahl Road can only be pronounced by a native,
so do not
attempt the
phonetic pronunciation. People will simply tilt their
heads to the
right and
stare at you.

10. The falling of one raindrop or (God forbid) one
snowflake causes
all
traffic to immediately cease; so will daylight savings
time and a girl
applying eye shadow across the street, or a flat tire
three lanes over.

11. Construction on the Gulf Freeway is a way of life,
and a permanent
form
of entertainment.

12. Many bizarre sights can be explained simply by
uttering the
phrase,"Oh, we're in Montrose!!"

13. Construction crews aren't doing their job properly
unless they
close
down all lanes except one during rush hour.

14. If someone actually has their turn signal on, it
was probably left
on at
the factory where the car was made.

15. Understand that the 95 pound woman driving the
Ford Excursion (the
largest vehicle ever produced) absolutely MUST come to
a complete stop,
then
proceed at 2.5 mph over any railroad track. What's the
deal? This
vehicle
was built to invade small countries, and she's worried
about the
railroad
tracks!!!

16. All ladies with blue hair who drive Cadillacs or
Lincoln
Continentals have the right of way.

17. The above mentioned blue haired ladies also have a
legal right to
turn
right from a left lane or to turn left from a right
lane. YOU HAVE BEEN
WARNED!

18. White haired men driving red or silver sports cars
will not
obey any known traffic rule and cannot be expected to
stop for red
lights or
stop signs.

19. Buying a Houston street map is a waste of money
since there is
absolutely no way that you can route yourself in such
a manner as to
avoid
major road construction.

20. Buying a Houston street map is a waste of money
since the
termination or continuation of any street is entirely
at the discretion
of
the Streets Department of the City. It has been
determined that the
length
of any street on any given day is a mystery known only
to "Higher
Powers" in
the department, and it is rumored that they do not
speak to mere
mortals.

21. Asking directions will help you get acquainted
with the numerous
recent
residents of an amazing ethnic diversity. It will be
not help at all
for
finding the address you seek.

22. If searching for a street on the southwest side of
Houston, a
knowledge of Chinese, Korean, or Vietnamese is
somewhere between
helpful and
mandatory, since the street signs are printed in one
of these languages
along with English. However, often the English name
for the street has
been
removed.

23. Houston natives are so rare that they are listed
on the endangered
species list. The few remaining specimens are kept in
a controlled
environment for their own safety.

24 . "Sir" and "Ma'am" are used by the person speaking
to you if
there's a
remote possibility that you're at least 30 minutes
older than they are.
You
can safely address anyone as "Sir" or "Ma'am" in
Houston as in other
southern cities.

25 . "Sugar" is a more common form of address than
"Miss". So is
"Honey" Do
not take offence. This is how southerners address
grown women.

26 . In Houston we drink Coca Cola and Dr. Pepper. It
is rumored that
other
soft drinks are sold here, but no one will admit to
knowing anyone who
actually drinks them. So don't ask for any other soft
drink.

27 . What you need to know when arriving at Bush
Intercontinental
Airport:
Your arrival gate is at least 32 miles away from the
Main Concourse of
any
terminal. Walking heels on your boots or walking shoes
are advised.

28 . Wherever you are going will be on the other side
of town. When
attempting to cross Houston, assume the trip will take
a minimum of 4
hours
and can take as long as 24 hours.

29 . If attempting to cross Houston via the freeway
system, it is
advisable to carry a supply of Coca Cola, water, a few
sandwiches, and
something to read while waiting on the freeway for the
traffic jam to
clear.
Some moderately fast readers have been known to read a
1,000 page novel
during the course of one traffic jam. If attempting to
cross Houston
during
rush hour,
additional provisions are advisable.

30 . Never get on a Houston freeway without taking a
restroom break
first!
It may be a long time to the next break.

31 . Never honk your horn at another car in Houston
traffic. The
bumpersticker that reads, "Keep honking, I'm
reloading" is considered
fair
warning.

__________________________________________________
Do You Yahoo!?
Get Yahoo! Mail - Free email you can access from anywhere!
http://mail.yahoo.com/


Teco Tap       28.333 / Enron


Gloria is out sick but she's checking her voicemails.  I'm meeting with Wade at his desk at 1:30 today and Gloria is going to call us.  We should be able to figure out how the contracts work then Wade and I can meet with you this afternoon when you become available.

I'm still waiting to hear from EES - no word at all.


I added these days to #483894.

d

Aimee Lannou   11/13/2000 11:54 AM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Meter 1601

Daren - meter 1601 has flow from 11/8-11/10.  There is no deal for these
days.  Last deal used was for Oct. - 413538, counterparty Southern Union.
Will you let me know if you set a deal up for this?

Thanks.

Aimee


Stan,

In October we had a plan to purchase 0.5 Bcf of gas that was projected to bring our operational storage level to 12 Bcf by the end of the month and were concerned about over-filling our storage fields from potential long gas by shippers.  In reality, prices have risen and shippers have shorted the system by 1.7 Bcf month-to-date.  Our original plan, based on a combination of physical requirements and regulatory strategy was as follows:

Ending October Balance		12 Bcf
Ending November Balance		13 Bcf
Ending December Balance		14 Bcf

To acheive this plan we are projecting a purchase in November of at least 2.5 Bcf (depending upon shipper short gas over the remainder of the month).  We also expect to receive 0.3 Bcf of SBA imbalance payback in November that should raise the operational storage levels to approximately 13 Bcf.  We are still at risk for over-filling our storage fields in November and do not wish to buy any volumes that might push us over the 13 Bcf operational storage level.  Therefore, we are targeting the purchase of 2.5 Bcf of gas (which may be adjusted based on the customer's imbalances over the next week) for November.

Kent


It was a compliment!


Why are his requests coming to me?


-----Original Message-----
From: 	"Kenneth G Gruhl" <kggruhl@duke-energy.com>@ENRON [mailto:IMCEANOTES-+22Kenneth+20G+20Gruhl+22+20+3Ckggruhl+40duke-energy+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, September 25, 2001 11:36 AM
To:	Mulligan, Amy; Allen K Nielsen; blreese@duke-energy.com; Beck Mayberry; wralkema@pplmt.com; Christopher S Smart; dacluff@duke-energy.com; dlsmith@pplweb.com; dtedesco@duke-energy.com; Schoolcraft, Darrell; Darren Stephens; David Bowers; David P Pell; George X Ouzounian; jjbischoff@pplweb.com; jmtaggart@duke-energy.com; jpritchard@citlink.net; James Stebbins; kglenny@duke-energy.com; Kim White; mschneider@duke-energy.com; Michael Kerr; Michael Wells; rjnewson@duke-energy.com; rspear@pplmt.com; Sherry Davis; Steven Fliflet; Steven Fliflet; Ted Romo; Todd Hendricks; Tom Carlson; Tyler J Kristensen; ajreiter@duke-energy.com; kggruhl@duke-energy.com; pattersondw@bv.com; swansondj@bv.com; trading@pplmt.com
Subject:	Griffith Gas & Electric Estimate - Thursday Sept. 27, HE 8:00 to Friday Sept. 28, HE 7:00

More RATA Testing

(Embedded image moved to file: pic15205.pcx)
 - pic15205.pcx


Sally,

Below is the listing of my staff and their Extensions.

 David Maxwell  3-6983
 Susie Ayala  3-0524  On Vacation in Houston
 Tim Norton  3-6820
 Homer Lin  5-7642  On Vacation in Seattle
 Lynn Tippery  3-5333

 Joseph Koothrappaly 3-6819  IT
 Carol Marshall  3-4291  Commercial Liaison

Call if you need anything more,
Todd


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 08/28/2000
10:32 AM ---------------------------

"Brook" <brook@pdq.net> on 08/27/2000 06:49:29 PM
To: "Jennifer Anderson" <janderson@hscsal.com>, "Scott Aronstein"
<s.d.a@mindspring.com>, "Ori Batagower" <batagower@aol.com>, "Terri Casler"
<terri0924@aol.com>, "Roni Most" <rpmost@hotmail.com>, "Spencer Payne"
<spencermp@yahoo.com>, "Andy Starr" <astarr@hscsal.com>, "Hershel Swartz"
<hershel@flash.net>, "Stephen Zindler" <stephenzindler@homecomings.com>,
"Alex Niemer" <alex.niemer@rantechnologies.com>, "Jim Day" <jday@cwhq.com>,
"Anthony Eppolito" <TONY5850@AOL.COM>, "Ben Colunga" <coolbenc@flash.net>,
"Tim Hekker" <thekker@hscsal.com>, "Eric Johnson" <ezy@flash.net>, "Gary
Fernandez" <gfernandez@hscsal.com>, "Boyd" <corndog3@fbtc.net>, "Dale
Enderlin" <edeirish@aol.com>, "George Hope" <george.hope@enron.com>, "John
Castille" <jcasti@coair.com>, "Russ" <smokedbbq@aol.com>, "Harry Bucalo"
<harry.bucalo@enron.com>, "Matthew Lenhart" <Matthew.Lenhart@enron.com>
cc:

Subject: Losers Wanted

Hey guys and gals, just a reminder that we  are?less than a week away from
kickoff and I see that you have not joined  in the office pool.? By now you
should have received the directions on how  to join the pool.? There is still
plenty of time but I still advise not to  wait to long just incase you have
any problems.
?
We are at over 40 players as long as each of you  join up.? Let me know if
you have changed your mind so I can take you off  my list (at least for this
year).
?
Hope all is going well and I'll look for you on the  page.
?
Brook


Linda --

Have you heard anything from DOE on this??

Jim


I working with outside counsel to get a draft of the revolver prepared.  She
(outside counsel, Heather Brown) has summarized the information I have given
her as follows (see below), and I would appreciate your input as to whether
it is accurate.

Once we get a draft we can sit down and discuss it, and make sure we are on
the right track. I believe Gregg said that this needs to be in place within 2
weeks.

Thanks,

Kay
-------------------------------------------------------------------

Thanks for the information.  If I deciphered this correctly, this is going to
be what I would call an "autoborrow" facility ... Enovate's cash flow is
swept into an account.  Each day:  (i) if Enovate's cash position is short
(and availability remains under the loan agreements) advances are made under
each loan agreement (probably directly into the acount), and (ii) if
Enovate's position is long, the positive balance of the account is applied
towards the outstanding loan balances, if any.  We'll need to get minimum
target amounts (i.e., do you really want them paying down $1.00 of each
loan?) from the business people.

Based on the foregoing, I suspect that these will be single-lender, prime
rate based loan agreements (otherwise it would be a huge operational
headache).  Once you confirm the single lender part, that will be enough
preliminary information for me to start on a loan agreement.


Kay:

I gave John, at his request, scanned copies of the sig pages from Duran of
CO1, 2 and the letter agreement.

Ben

---------------------- Forwarded by Ben Jacoby/HOU/ECT on 04/26/2001 09:26 AM
---------------------------

"Keffer, John" <JKeffer@KSLAW.com> on 04/26/2001 09:18:52 AM
To: "'8887107935@pagenetmessage.net'" <8887107935@pagenetmessage.net>
cc: "Ben F. Jacoby (E-mail)" <Ben.F.Jacoby@enron.com>, "C. Kay Mann (E-mail)"
<Kay.Mann@enron.com>
Subject: Release of Sigs

Ben and I want to be sure that it is ok with you to release Enron's
signatures on Project Blue Dog.  NW is holding on the other line.

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


I thought Bob's email was cute.  I asked him to get me our deals numbers for
the El Paso assignment, and he sent me the following...
---------------------- Forwarded by Tana Jones/HOU/ECT on 02/04/2000 04:09 PM
---------------------------

Bob Bowen
02/04/2000 03:58 PM
To: Tana Jones/HOU/ECT@ECT
cc:
Subject: El Paso assignment

Hope this one looks better than the first e-mail

Here are the EOL Number's         Most
                  Innovative
El Paso # EOL #  Sitara#  TAGG # Zip Code Area Code Rank

I-212948 75240  150545  n/a  77002       713       1

I-212470 76566  151959  n/a  77002       713         1

I-212471 76807  152169  n/a  77002       713       1

I-212744 77496  152682  n/a  77002       713       1

P/P-00539 78556  153867  N81009  77002       713       1

P/P00540 78567  153639  N81012  77002       713       1

I-212748 79134  154152  n/a  77002       713       1

P/P-00541 80206  155119  N82642  77002       713       1

Sorry, I got carried away with numbers.


Carrie -

In light of an effort to genericize the CL documents, I have made a few
changes to the NomLogic Annex.  I have attached both a clean and marked
version for your review.

Please let me know if you should have any questions or additional comments.

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


Melissa Murphy is out sick this week.

Here is the weekly report of Financial trades confirmed last week.

Thank you,
amy


Nope.

Scott Goodell@ENRON
03/17/2000 11:21 AM
To: Chris Germany/HOU/ECT@ECT
cc: Jeanne Wukasch/Corp/Enron@ENRON
Subject: BRIDGELINE - Flash ???

Chris- do you have any information on these contracts?
---------------------- Forwarded by Scott Goodell/Corp/Enron on 03/17/2000
11:21 AM ---------------------------

Jeanne Wukasch
03/17/2000 11:00 AM
To: Scott Goodell/Corp/Enron@ENRON
cc:

Subject: BRIDGELINE - Flash ???

Scott - I do not see Bridgeline listed on the SE desk spreadsheet for
March.       Should the demand charges for these deals be added to the
spreadsheet ?

Sitara # 206264  Bridgeline Holdings, L.P. $342,187.50
Sitara # 208196  Bridgeline Storage Company $343,500.00


Yes.  How's that for an answer.

I think you want to revise against this version, since this is the latest
version Lee has seen, then blackline against the 20th version.

THANKS!!!

Kay

"Thompson, Peter J." <pthompson@akllp.com> on 03/30/2001 09:55:23 AM
To: <Kay.Mann@enron.com>
cc:

Subject: RE: GE LM-6000 purchase contract for Las Vegas Cogeneration IIproject

No problem.  I left you a voice mail message.  This looks like the
agreement that I made these revisions to and sent to Carlos Sole (and
copied you on) on March 20.  That agreement deleted the agency
references, etc. and included Lee Johnson's changes to some of the
specific performasnce guarantees in Article 10.  It did not, however,
include turbine 28. Let me know if you want me to revise the atached
document or the one I sent to Carlos.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Friday, March 30, 2001 10:28 AM
To: Thompson, Peter J.
Cc: Stephen.Thome@enron.com; leff.johnson%ss.ps..ge.com@enron.com
Subject: GE LM-6000 purchase contract for Las Vegas Cogeneration
IIproject

Hi Pete,

I have a fire drill for you.  This contract needs to between Salmon
Energy
LLC and GE, with no agency reference.  In other words, a CA Development
form.  Any chance of getting this today?

The delivery dates on one of the turbines will be changing, as is the
payment schedule.  Also, the designation of one of the turbines will
change.  Salmon will be receiving units 19, 20, 23 and 28 (a new one).

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/30/2001
09:10
AM ---------------------------

Dale Rasmussen@ECT
03/27/2001 01:19 PM

To:   lee.johnson@ss.ps.ge.com, Bill Williams/PDX/ECT@ECT, Kay
      Mann/Corp/Enron@Enron, scofer@llgm.com, tconstan@llgm.com
cc:   Jody Blackburn/PDX/ECT@ECT, Ed Clark/PDX/ECT@ECT

Subject:  GE LM-6000 purchase contract for Las Vegas Cogeneration II
      project

Bill Williams has confirmed that the attached version of the LVC-2
contract
is the final form.  I have added a footer stamp identifying it as "Rev 5
-
3/27/01".  Everything else is identical to the draft circulated March
12.

The second attachment is to be inserted as Exhibit H-2 in the contract.

Thanks.

(See attached file: Training LM6000.pdf)(See attached file: LV Cogen Gas
Turbine Purchase Agreement - Version 5.DOC)


We are not sure whether Melissa's Lotus Notes is sending out data properly.
If
you have already received a copy of the attached nomination, please disregard
this copy.

Thanks,
CCS

(See attached file: HPLN1118.xls)

 - HPLN1118.xls


TO:	NERC ROSTER
	STANDARDS LISTSERVER
	OPERATING MANUAL OWNERS
	SYSTEM OPERATOR TRAINERS

Ladies and Gentlemen:

The Personnel Subcommittee has posted a " Continuing Education Units
White Paper" and would like your comments on the merits of establishing
a Continuing Education Program. Your comments are due February 2, 2002.

You can view or download the White Paper from the following NERC web
site:

http://www.nerc.com/standards/

Thank you.

Barbara S. Bogenrief
Secretary-Operations


This is the section they wish to change.

&11.1. Except with regard to a party's obligation to make payment due under
Section 7. and Imbalance Charges under Section 4, neither party shall be
liable to the other for failure to perform a Firm obligation, to the extent
such failure was caused by Force Majeure.  The term "Force Majeure" as
employed herein means an event not anticipated as of the date hereof, which
is not within the reasonable control of the Party (or in the case of third
party obligations or facilities, the third party) claiming suspension, and
which such Party (or third party) by the exercise of due diligence is unable
to overcome, or which such Party (or third party) by the exercise of due
diligence is unable to obtain or cause to be obtained a commercially
reasonable substitute performance.  Subject to the foregoing sentence, events
of Force Majeure shall include the events as further defined in Section 11.2
and shall include an event of Force Majeure occurring with respect to the
facilities or services of Buyer's or Seller's Transporter.8

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


Please plan to attend a meeting with Mark Haedicke, Gary Hickerson, Bob
Bruce, Lance Schuler and Alan Aronowitz to discuss Chinese Wall Issues.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Team Leader Mtg. Conference room EB4102

Date:		9/18/2001
Time:		2:30 PM - 3:30 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


As you can see I am primed to crack the top ten at the next tournament....

Women's International
Rankings
               20 July 2000

Pos    Id Surname                     First Name               Ctry
I/C      Ind Pts     T/C      T/Pts   Comps     Points

     1  5943 GONG                    Zhichao                  CHN
7      2069.10       1     500.00       8     321.14

     2  1940 YE                             Zhaoying
CHN        7      2218.65       1     252.00       8     308.83

     3  1839 MARTIN                       Camilla                  DEN
9      2361.65       3    1134.00      12     291.30

     4  7210 DAI                       Yun                      CHN
8      2164.35       1     405.00       9     285.48

     5  9720 GONG                          Ruina
CHN        7      1655.25       1     300.00       8     244.41

     6  1568 KIM                          Ji Hyun                  KOR
7      1229.18       2     838.80       9     229.78

     7  7821 ZHOU                              Mi
CHN        7      1816.20       0       0.00       7     227.03

     8  8245 LEE                           Kyung Won
KOR        6      1171.35       2     630.00       8     225.17

     9  3775 MIZUI                            Yasuko
JPN       10      1849.58       2     774.00      12     218.63

    10  4771 SORENSEN                  Mette                    DEN
9      1662.53       3     909.00      12     214.29

    11  4327 Crawford            Sissy                    USA        7
1631.55       0       0.00       7     203.94

    12  7318 YONEKURA                  Kanako                  JPN
11      2069.25       1     270.00      12     194.94

    13  4814 EKMONGKOLPAISARN   Sujitra                THA        8
1388.40       1     356.40       9     193.87

    14  2836 ANDRIEVSKAYA             Marina                SWE       10
1639.80       2     657.00      12     191.40

Now this is an intense web site =
http://www.intbadfed.org/home.html#anchor443465


Julie,

You need to look at any industrial meter that has buyback and swing deals.  Make sure that the base volume is allocated to the base ticket and all other swings go to the other tickets.

D

 -----Original Message-----
From: 	Kemp, Juliann
Sent:	Monday, April 23, 2001 2:44 PM
To:	Farmer, Daren J.
Subject:	METERS

Daren,
Is there any Industrial meters in particular I need to watch the imbalances since we are close to the end of the month?

Thanks - Julie


Isn't our primary problem with AEP's internal merchant function rather than
with the marketing affiliate (I realize we have problems with the affiliate
too)?  Can we protest continued market based rate authority for AEP until
they have surrendered native load priority?

	Christi L Nicolay@ECT
	09/25/2000 09:16 AM

		 To: David W Delainey/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Ozzie
Pagan/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Dennis
Benevides/HOU/EES@EES, Raymond Bowen/HOU/ECT@ECT
		 cc: James D Steffes/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@Enron, Steven J Kean/NA/Enron@Enron
		 Subject: EPMI protests AEP's continuation of MBRs

On 9/21, EPMI filed a protest (Below) against AEP/CSW's 3 year update request
to continue market based rates for power marketing.  The filing includes
examples of discriminatory behavior on OASIS (for ATCs, etc.) that
potentially benefitted AEP's marketing side.

EPMI has already protested Entergy's request for continuation of MBRs earlier
this year, and plans to protest other large utility-based power marketer MBR
filings this fall.  Let me know if you would like the list.  Thanks.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 09/25/2000
08:58 AM ---------------------------

"Susan Buchheit" <sbuchheit@bracepatt.com> on 09/25/2000 09:05:19 AM
To: <christi.l.nicolay@enron.com>
cc:

Subject: AEP filing

** High Priority **

Christi -

Attached is the final filing in word.  I also sent you a hard copy on Friday.

 - aep.doc


Here is the draft letter agreement.  We are still discussing it with ECS and
can make whatever changes are appropriate.  Note that the letter agreement
ties back to Article 6 of the Compression Services Agreement.  That article,
you may recall, is where ECS agreed to create a computerized system that
would monitor Continental Divide's electric system utilization and warn when
their system peaks were occurring and then automatically take the compressor
offline (subject to manual override) so we and ECS could avoid peak period
demand charges.  Instead of creating such a system, which apparently turned
out to be mostly a manual system anyway, ECS is going to pay us a monthly fee
to monitor CD's system peaks ourselves and decide when we need to get off
line.  The load management service has to do with operational management of
the load we place on CD's electric system, and is not a jurisdictional gas
transportation or storage service.  Note that the service goes on for 10
years (as required by the accountants' 10 year amortization rule) and thus
may be vulnerable to scrutiny and potential revenue crediting in TW's 2007
rate case.  Any way to avoid that?  DF


These positions look fine

Robin Rodrigue
06/14/2000 08:58 PM
To: Kathy Reeves/CAL/ECT@ECT
cc:
Subject: FT Positions


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/08/2000 11:58
AM ---------------------------

	From:  Rebecca Walker                           12/08/2000 11:56 AM

To: Ben Jacoby/HOU/ECT@ECT
cc: Kay Mann/Corp/Enron@Enron

Subject: Coral Energy LLC

Ben

This is the letter that Bob Long from Coral Energy sent me.  I asked him if
Shell would be a guarantor for Coral's debts, but he said that, no, Shell
does not guarantee the debts, but instead provides the liquidity that Coral
Energy needs in order to pay them.

Rebecca
---------------------- Forwarded by Rebecca Walker/NA/Enron on 12/08/2000
11:51 AM ---------------------------

"Long, Bob" <BLong@coral-energy.com> on 12/08/2000 11:44:47 AM
To: "'Rebecca Walker (Enron)'" <rebecca.walker@enron.com>
cc: "Whaley, Don" <DWhaley@coral-energy.com>, "Seigler, Tom"
<tseigler@coral-energy.com>

Subject: Coral Energy LLC

As discussed Coral Energy LLC is 100% (direct/indirect) owned subsidiary of
Shell Oil Company ("Shell").  As in the ordinary course of business Shell
provides liquidity support to its wholly owned subsidiaries.

Given the short term nature of this obligation we would hope that you concur
that there is little risk in accepting this Guaranty from Coral Energy LLC.

Regards,

Robert E. Long
Vice President Corporate Finance & Treasurer
Coral Energy
909 Fannin Street, Suite 700
Houston, TX 77010
Tel. 713.767.5410
Fax 713.265.5410
Cel. 713.545.4179
blong@coral-energy.com


Lorraine:
I ran a test case for the BP 100,000 Dth from WTX Pool to Oasis for the term 3/01/01 to 2/28/02.  Below are the findings:

 -- Point capacities for Oasis, Valero and Delhi Ward are okay for the term.

 -- The 24" lateral supplying these 3 points is slighly over the path capacity of 350,000 mcfd vs the FT of 366,000 Dth, for the remainder of 2001.  Lateral capacity opens a little the first of 2002.

 --  Btu content of the gas is 1050

 --  Need 348,000 mcf of 1050 btu gas to get 366,000 Dth through the lateral to the delivery points.

 --  Risk -- If there is a call for all the gas at these delivery points (USGT @ 95,000 Dth, Astra @ 40,000, BP @ 100,000 & Misc. @ 131,000) then  we are at the maximium flow.  Any facilities problems or summer temperature extremes and we might not operationally make the delivery volumes.

My recommendation would be to only allow 90,000 Dth from BP.  Historically USGT has not utilized their full 95,000 Dth.  Do we want to take the risk and allow BP the full 100,000 Dth.

Darrell, I need some help with this one.  Give me a call.


Start Date: 4/17/01; HourAhead hour: 4;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041704.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 4 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/17/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: WHEEL


SK - I've printed this out and added to the file.  mm
"In connection with mid-year VP PRC, I would like each of you to prepare a
list of accomplishments, 2000 goals achieved, etc."

Steve,

Per your July 7th request:

Performance Based Rates Analysis and Training for SK-Enron.  The ultimate
commercial objective is to establish a rate making framework for Korean gas
distribution companies that will allow theJV's operating companies to retain
profits derived from efficiency gains and earned returns that exceed the
statuatory rate of return.  Analysis of several PBR mechanisms demonstrated
the potential benefits from replacing the current Cost of Service framework
with an incentive based system.  An eductional workshop based on the results
of this analysis was organized and presented to Executive, Financial and
Regulatory staffs of the JV and its 9 City Gas Companies.
Improved Cost of Service Rate Filing Procedures and Methods. The commercial
objective is to improve the results achieved by SK-Enron's City Gas Companies
when preparing and negotiating new rates under the current COS framework
employed in Korea.  Several areas within the current framework where
"forward-looking" cost calculation methods could be employed to better match
costs that will be incurred while new rates are in effect and the revenues
earned were identified.  The need and benefit of determining the cost of
service for each class of customer was also demonstrated.  Results of the
analysis and methodology for determining COS by customer class was presented
to the Executive, Financial and Regulatory staffs of the JV and its 9 CGCs.
Elimination of 10% Dividend Restriction imposed on the City Gas Companies of
SK-Enron.  The commercial objective is to more effectively employ cash
generated within the JV's CGCs by freeing these companies from a Ministry of
Commerce, Industry, and Energy "guideline" limiting dividends to 10% of each
company's par stock value.  The initial approach was to develop a program
that would consolidate all of the JV's CGCs into the Joint Venture company
and thereby eliminate the need for dividends that would give the holding
company access to opertating cash flows.  The regulatory implications of such
an effort were analyzed and provided to the project team.  Opinion sampling
of local regulators indicated strong opposition to such a strategy.  This
insight plus tax issues of Enron's partner, led to the conclusion that
implementation of this strategy would be difficult.  A direct lobbying
program to convince MOCIE to lift this guideline is currently being developed.
Feasibility of EnronOnLine launch in Korea.  The commercial objective is to
create the opportunity for Korean companies to become customers of Enron's
worldwide trading network.  Initial due diligence has established the
feasibility of offering commodity products such as crude oil, refined
products, and LPG and has identified issues the must be addressed with the
Korean government to effectively deal in financial and weather derivatives.
Required Korean consents and other regulatory matters for Project Summer.
The commercial objective is to enhance Enron shareholder value.  Regulatory
consents possibly required were identified and contractual issues with
Enron's partner have been highlighted.
Gas transmission company ratemaking workshop for Korean Gas Company (KOGAS)
and Korean Energy Economics Institute (KEEI).  The commercial objective is to
have Korea adopt an open access gas tranmission rate framework that is
supportive of LNG marketing by Enron in Korea and improving gas supply cost
of the JV's CGCs.  A workshop for representatives of KOGAS and KEEI was
organized in Houston and introductions were made to the FERC staff in
Washington DC.  The KEEI work product from its rate study effort has not been
made available as of this date because of internal issues within KOGAS.
Keynote speaking role for APACHE CEO at Asia Pacific Economic Council Energy
Ministers Meeting.  The commercial objective of this effort was to improve
Enron APACHE's ability to shape policies relating to its business by raising
the profile of its CEO amoung senior energy officials from throughout Asia.
Rebecca McDonald was one of three Key Note speakers for the opening of the
conference.  She was accorded this honor even though Enron contributed a
fraction of the financial support for the conference that several other
energy companies did.  Her remarks on e:commerce and energy received
considerable positive attention from many attendees including the Korean
delegation.
Meeting with US Embassador to Korea.  The commercial objective was to improve
Enron's chances of winning bids for energy assets, particularly electric
generation facilities scheduled to be privatized by the government.  A
meeting was organized for myself, SK-Enron's Chief Operating officer, and the
JV's General Manager of Operations.  Based on the experience in bidding late
in 1999, the Embassador was urged to advocate for more transparent and less
subjective bid evaluation procedures that substantially increased the
likelihood of closure on asset sales.  Ultimately, sucessful privatization
will create both asset acquisition and commodity marketing opportunities.


Thanks.

Gabriel Monroy
04/06/2000 09:08 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Deal 218918, McIntosh Partnerships

Done,
Sorry, I thought somebody else had taken care of this.

Gabriel


Drew -- I worked with Jeff on this draft so it already contains my comments.

	From:  Drew Fossum                           11/21/2000 02:30 PM

To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Proposal to Caithness Big Sandy

pls give me your comments next week..  thanks  df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 11/21/2000
02:29 PM ---------------------------

Jeffery Fawcett
11/21/2000 01:17 PM
To: Drew Fossum/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron
cc: Susan Scott/ET&S/Enron@ENRON, Keith Petersen/ET&S/Enron@ENRON, Ronald
Matthews/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, James
Centilli/ET&S/Enron@ENRON

Subject: Proposal to Caithness Big Sandy

Attached for your review and comment is a broad outline of a rate proposal to
Caithness for the construction and operation of the 40-mile lateral to the
Big Sandy project.  This non-binding proposal was requested by Caithness'
consultant, George Briden, as a starting point for modeling the economics of
the project's gas supply and a basis for further discussions aimed at
designing an appropriate deal structure.  For your information, James
Centilli calculated the transport rate based on the (+/- 30%) $20.33MM cost
estimate with a ten-year (contract) amortization.

I plan to put this in the mail by the close of business tomorrow.  If you
have any suggestions, please let me hear from you by mid-day.   Thanks.


Wes, can you adjust West Power numbers for the drop in headcount.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/13/2000
12:36 PM ---------------------------

Christopher F Calger
11/12/2000 04:42 PM
To: David W Delainey/HOU/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT
Subject: 2001 Plan

Dave,

You asked about office costs, depreciation and headcount:

Office Costs are correct and include rent, supplies, backoffice expenses,
general marketing and charitable contributions.

Depreciation includes leashold improvements (walls, carpet and paint) and
certain computers/IT not covered in the IT allocation (Tim is checking on the
$278K)

Headcount is close: my actual 2000 headcount is 38, not 36 and Tim's plan for
2001 may be overstated by one or two; overall headcount increase is probably
15, not 18.

Hope this clarifies the plan.

Regards,

Chris


----- Forwarded by Elizabeth Sager/HOU/ECT on 05/08/2000 09:39 AM -----

	Michael Danielson
	04/20/2000 08:27 AM

		 To: Elizabeth Sager/HOU/ECT@ECT, Phil DeMoes/Corp/Enron@ENRON, Jason R
Wiesepape/HOU/ECT@ECT
		 cc:
		 Subject: Power Agreement

FYI
---------------------- Forwarded by Michael Danielson/HOU/ECT on 04/20/2000
08:26 AM ---------------------------

"Jenkins, Decosta" <djenkins@nespower.com> on 04/20/2000 08:03:45 AM
To: "'Michael.Danielson@enron.com'" <Michael.Danielson@enron.com>
cc: "Dalrymple, James" <JDalrymple@NESPOWER.com>, "Smith, Laura"
<lsmith@NESPOWER.com>
Subject: Power Agreement

Michael

I received a call from your attorney a few days ago; she was  inquiring
about the status of the draft of the power sales agreement.  .  I misplaced
her number; therefore I did not get back to her.  Please apologize to her
for me.  We have not spent much time with your draft because we feel our
positions are so far apart that  NES's time was better spent working with
those suppliers that understood the program and were comfortable with the
program.  We have one contract signed and are negotiating with two other
suppliers.  Is there any point to sending ENRON a copy of the agreement NES
is will to sign or has ENRON decided it has very little interest in the
program as it is structured?


It's currently  46.25 @ 46.75.


FYI-
I have yet to officially notify anyone except John Cobb, Bob Chandler and
Patty Wiederholt. I have unofficially notified Anne.

---------------------- Forwarded by James Saunders/FGT/Enron on 12/06/2000
05:38 PM ---------------------------

John Keiser
12/06/2000 04:56 PM
To: James Saunders/FGT/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Tracy
Geaccone/GPGFIN/Enron@ENRON, Elaine Concklin/ET&S/Enron@ENRON, Caroline
Barnes/FGT/Enron@ENRON, Steve Gilbert/ET&S/Enron@ENRON
cc:

Subject: Reorg assignments

The following have been notified of their new assignments:

Working for Keiser:
Henry Baker
Larry Palma
Sally Hsieh

Working for Geaccone:
Mary Botello

Working for Carolyn Barnes:
Nancy Carpenter


Do you need any passes for the Power Mart?

Let me know,

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


My comments on the analyses (DCF models only):

Exchange DCF Analysis

Capital costs for years 1-3 are spent in year 0 (in years 0-2 maybe more
appropriate)
Capital Avoidance is treated as expense savings (it is added to the total
expensed cost)
No depreciation is considered for the capital cost
No income tax is considered for the operating cost savings

Cynet DCF Analysis looks OK except for Cash Flow Section: Should change
"LESS" to "ADD" AMORT/DEPRECIATION

Rod Hayslett

11/01/2000 10:30 AM
To: Denis Tu/FGT/Enron@ENRON, David Rosenberg/FGT/Enron@ENRON, James
Centilli/ET&S/Enron@ENRON
cc:

Subject: Capital Asset Pricing Model

Comments?

---------------------- Forwarded by Rod Hayslett/FGT/Enron on 11/01/2000
10:33 AM ---------------------------

Rudy Sutherland@ECT
11/01/2000 09:15 AM
To: Rod Hayslett/FGT/Enron@ENRON, Michael K Patrick/NA/Enron@Enron
cc: Chris Behney/Corp/Enron@Enron, Bob McAuliffe/Corp/Enron@ENRON, Deborah
Kelly/Enron@EnronXGate

Subject: Capital Asset Pricing Model

Gentlemen,
Please find attached two excel CAPM models which use Crystal Ball, an Excel
add-in, to perform Monte Carlo simulations. The first tab in each workbook
have details, however, if you have any questions please call me @ x39946.  I
am hoping that you can validate and/or offer suggestions on refining the
model and it's assumptions.

Thank you in advance,

RS


Jay,
 The billing contact is Beth Holland 406-497-4288.  I checked with Beth to
see if the account is current.  It looks like October has not been paid yet.
Payment terms are 14 days after the date of the bill, November is dated the
14th which makes the due date the 28th.
  For any transport questions regarding storage activity call Jim Griffin
406-497-2806 or myself at 406-497-2649.  I also e-mail a daily statement to
Jackie Adams if you need to check on month to date activity.

Thanks, Connie

 <<ENRON2001.xls>>


----- Forwarded by Richard B Sanders/HOU/ECT on 12/27/2000 03:08 PM -----

	Alan Engberg
	11/17/2000 09:25 AM

		 To: Sara Shackleton/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
		 cc: Douglas S Friedman/HOU/ECT@ECT, Jason R Williams/NA/Enron@ENRON
		 Subject: Salerno Timeline

Salerno Swap Agreement ) Discussion Timeline
Salerno deal: 6 months, Nov ,00 ) Apr ,01, LLDPE swap sold at 39.5 cpp basis
CMAI mid.
Deal discussed Oct 2-6, verbal agreement was reached on the 5th.  Faxed
non-binding indication sheet initialed by Bob Lampo on Oct 5.

10/03, Tues: Salerno calls requesting quote, we quote verbally a couple hours
later that same day.

10/05, Thur: Conversations during which Bob negotiates price and we hold
firm.  Also conversations during which I question him about whether or not he,
s back to backing the deal and what are his motivations for entering into the
deal.  He wouldn't elucidate on any of the questions.  Finally discussions
regarding the need for a credit check, and the likely requirement for an LC.
He asked at that point how large an LC would be required, I informed that I
didn,t know but that it depended on credit,s review of his business and of
our forward view on the market.  We agreed on price and all commercial
terms.  I informed that I would fax an indication sheet and that he should
initial it then return it to me by fax to indicate his approval of the deal.
He did so.

10/11, Wed: conversation regarding financial docs being sent to credit
(details in tape transcript).

10/17, 19 or 20: messages from Bob asking for clarification on the confirm.
Message from me roughly explaining the salient points of the confirm.
Subsequent conversation sharing the good news that he,d been granted a credit
line of $250k and for exposure beyond that he,d have to post an LC.  No
indication of any refusal of our terms at that point (details once tapes
reviewed).

10/23-27: no conversations that I can recall

10/30, Mon:  Received Salerno message communicating intention to renege
(vacation day)

10/31, Tue: Legal advised.  Bob,s message forwarded

11/1, Wed: travelling..msg left with Bob Lampo at Salerno stating that our
position was that a deal was in place as he faxed to us our term sheet with
his initials and we had done a credit check giving him a line of credit.

11/2, Thu: Confirms sent to legal

11/3, Fri: Legal calls Salerno.  Message left.

11/6-9, Mon to Thu: messages traded with legal

11/10, Fri: Legal recommends pulling the tapes.

11/14, Tues: Legal calls Salerno.  Message left.  Bob responds with his own
message.  Bob doesn,t dispute price but does dispute credit terms and uses
this as basis to drop the deal.   Tapes received.   Transcripts of Nov 11
conversation made.  Additional tapes requested for 10-16, 19, 20.

11/16, Thur: Meeting with Richard, Sara, Jay, Doug and Alan.  Message left
with Bob Lampo informing that we were willing to work with him on addressing
his credit issues.  Call not yet returned.


Greetings:

See attached "meeting notice."  This could be a good opportunity to get our
demand-side proposal on the table.

Dennis:  If we could get some power point slides together, we could present
our ideas to this group and the leg aides mentioned.  Let me know your
thoughts.

Also attached is a summary of the bill that the CA Assembly passed today.
Please pass this along to others who might be interested. Thanks.

Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 01/16/2001 11:32 PM -----

	Julia Wright <jwright@smithandkempton.com>
	01/16/2001 08:21 PM

		 To: "'Aaron Thomas'" <athomas@newenergy.com>, "'Allan Lippincott'"
<alippin@mail.arco.com>, "'Ann Cohn (e-mail)'" <cohnap@sce.com>, "'Ann Watson
(e-mail)'" <anw@cpuc.ca.com>, "'Anna Ferrera (e-mail)'"
<Anna.Ferrera@SEN.CA.GOV>, "'Art Carter (e-mail)'" <debinorton@aol.com>,
"'assistant to John Fielder'" <moravekj@sce.com>, "'Barbara Barkovich
(e-mail)'" <brbarkovich@earthlink.net>, "'Bekcy Kilbourne (e-mail)'"
<bakilbourne@calpx.com>, "'Bill Booth (e-mail)'" <wbooth@booth-law.com>,
"'Bill Dombrowski (e-mail)'" <cra@calretailers.com>, "'Bill Keese (e-mail)'"
<wkeese@energy.state.ca.us>, "'Bill Zobel (e-mail)'" <bzobel@mail.arco.com>,
"'Bob Foster (e-mail)'" <fosterrg@sce.com>, "'Bob Houston (e-mail)'"
<houstgrp@pacbell.net>, "'Carolyn McIntyre (e-mail)'" <cmcintyre@sempra.com>,
"'Carolyn Veal-Hunter (e-mail)'" <carolyn.veal-hunter@asm.ca.gov>,
"'Catherine Hackney (e-mail)'" <hacknece@sce.com>, "'Charles Bacchi
(e-mail)'" <charles.bacchi@asm.ca.gov>, "'Craig Brown (e-mail)'"
<brownc@epenergy.com>, "'Dan Carroll (e-mail)'" <dcarroll@dbsr.com>, "'Denice
Cazalet (e-mail)'" <dcazalet@apx.com>, "'Dennis Price (e-mail)'"
<priced@chevron.com>, "'Denny Samuel (e-mail)'" <dsam@chevron.com>, "'Dominic
DiMare (e-mail)'" <dominic.DiMare@calchamber.com>, "'Dorothy Rothrock
(email)'" <drothrock@cmta.net>, "'Ed Yates (e-mail)'" <ed@clfp.com>, "'Eloy
Garcia (e-mail)'" <egarcia@ka-pow.com>, "'Evelyn Elsesser (e-mail)'"
<eke@aelaw.com>, "'Gary Heath (e-mail)'" <gheath@eob.ca.gov>, "'Gordon
McDonald (e-mail)'" <gordon.mcdonald@pacificorp.com>, "'Jack Flanigan
(e-mail)'" <jackflanigan@flaniganlaw.com>, "'Jack Gualco (e-mail)'"
<Jackson_Gualco@gualcogroup.com>, "'Jack Stewart (email)'"
<jstewart@cmta.com>, "'James Boyd (e-mail)'" <jim@resources.ca.gov>, "'Jan
Smutny-Jones (e-mail)'" <smutny@iepa.com>, "'Jeff Dasovich (e-mail)'"
<jdasovic@enron.com>, "'Jerry Jordan (e-mail)'" <jordan@cmua.org>, "'Jim
Cassie (e-mail)'" <jcassie@sempra.com>, "'Jim Groniger (e-mail)'"
<gronign@texaco.com>, "'Joe Lyons (e-mail)'" <joseph.lyons@asm.ca.gov>, "'Joe
Ronan (e-mail)'" <joer@calpine.com>, "'John Bridges (e-mail)'"
<bridgesj@epenergy.com>, "'John Fielder (e-mail)'" <fielderjr@sce.com>,
"'John Fistolera (e-mail)'" <johnf@ncpa.com>, "'John Larrea (e-mail)'"
<jgl@cpuc.ca.gov>, "'John Rozsa (e-mail)'" <John.Rozsa@sen.ca.gov>, "'John
White (e-mail)'" <vjw@cleanpower.org>, "'Joseph Alamo'" <jalamo@enron.com>,
"'Julia Wright'" <jwright@smithandkempton.com>, "'Karen Edson (e-mail)'"
<kedson@ns.net>, "'Karen Jarrell (e-mail)'" <kjarrell@smurfit.com>, "'Karen
Koyano (e-mail)'" <kykoyano@calpx.com>, "'Karen Lindh (e-mail)'"
<karen@klindh.com>, "'Karen Mills (e-mail)'" <kmills@cfbf.com>, "'Kari
harteloo (e-mail)'" <klc@aelaw.com>, "'Kathy Brandenburg (e-mail)'"
<katherinebrandenburg@flaniganlaw.com>, "'Kay Grosulak (e-mail)'"
<kgrosulak@sppc.com>, "'Keith McCrea (e-mail)'" <kmccrea@sablaw.com>, "'Kevin
Lynch (e-mail)'" <Kevin.Lynch@pacificorp.com>, "'Kevin Smith (e-mail)'"
<kevins@ncpa.com>, "'Lawrence Lingbloom (e-mail)'"
<lawrence.lingbloom@sen.ca.gov>, "'Lenny Goldberg (e-mail)'"
<iga@mother.com>, "'Louis Szablya (e-mail)'" <szablyal@epenergy.com>, "'Marc
Joseph (e-mail)'" <mdjoseph@adamsbroadwell.com>, "'Mark Monagan (Calpine)'"
<mrmonagan@aol.com>, "'Marwan Masri (e-mail)'" <mmasri@energy.state.ca.us>,
"'Mary McDonald (e-mail)'" <memcdonald@calpx.com>, "'Michael Alcantar
(e-mail)'" <mpa@aelaw.com>, "'Mike Florio (e-mail)'" <mflorio@turn.org>,
"'Mike Kahl (e-mail)'" <mikahl@ka-pow.com>, "'Mona Petrochko (e-mail)'"
<mpetroch@enron.com>, "'Pete Conaty (e-mail)'" <pcaceo@pacbell.net>, "'Phil
Nails (e-mail)'" <pstohr@dbsr.com>, "'Ralph Cavanagh (e-mail)'"
<rcavanagh@nrdc.org>, "'Randy Chinn (e-mail)'" <randy.chinn@sen.ca.gov>,
"'Ray Thompson (e-mail)'" <ray.thompson@sen.ca.gov>, "'Rick Counihan'"
<rick.counihan@greenmountain.com>, "'Robert Berry (e-mail)'" <berry@apx.com>,
"'Robin Larson (e-mail)'" <rlarson@caiso.com>, "'Sheryl Carter (e-mail)'"
<scarter@nrdc.org>, "'Steve Pike (e-mail)'" <pikes@epenergy.com>, "'Stu
Wilson (e-mail)'" <swilson@cmua.org>, "'Sue Mara (e-mail)'"
<smara@enron.com>, "'Susan Reeder (e-mail)'" <sreeder@sppc.com>, "'Terry
Winter (e-mail)'" <twinter@caiso.com>, "'Thomas Dinkel (e-mail)'"
<tdinkel@retx.com>, "'Tim Schmelzer (e-mail)'" <tschmelz@energy.state.ca.us>,
"'Tommy Ross (e-mail)'" <rosst@sce.com>, "'Tony Braun (e-mail)'"
<braun@cmua.org>, "'Victoria Schaefer (e-mail)'" <schaefvl@sce.com>
		 cc: "'dhunter@smithandkempton.com'" <dhunter@smithandkempton.com>,
"'pbray@newpower.com'" <pbray@newpower.com>
		 Subject: IMPORTANT MEETING NOTICE

Folks-- Urgent info attached for our meeting on Thursday

Thanks, Delaney Hunter

 - Meeting notice.doc
 - AB1 X1 analysis.doc


Hi Michael -

Mr. Lay is returning from his trip today.  He will be in the office tomorrow.

Rosalee

"Telle, Michael S." <mtelle@velaw.com> on 10/02/2000 10:18:00 AM
To: "'kenneth.lay@enron.com'" <kenneth.lay@enron.com>
cc: "Watson, John" <jwatson@velaw.com>
Subject: Referendum Campaign

Mr. Lay--

During the negotiations with the Rockets as to how much each party would
contribute to the Arena referendum campaign, Mike Goldberg of Baker & Botts
suggested that the Rockets would like to net their contribution obligation
against other contributions that they solicited.

After a conversation with you, John Watson and I advised Mike Goldberg that
you did not want to be competing with the Rockets in soliciting
contributions to the Arena referendum campaign.

Mike Goldberg called Friday and asked whether it would be acceptable for the
Rockets to net against their contribution obligation contributions that they
have solicited from Baker & Botts, Jim MacInvale and Tilman Fertitta.  Mike
suggested that these three persons would be the only outside persons that
would be solicited by the Rockets.

Would you please let me know if this is acceptable to you.  You or Rosalee
may call me at 713-758-2350 or send me a response e-mail at
mtelle@velaw.com.

Sincerely,

Michael S. Telle


I think it would be very beneficial to pay McGrath to be present,  mainly to
keep Hellmold honest.

>>> <showard@agsk.com> 06/06/01 08:16PM >>>
Bruce MacLeod at Hennigan's firm has informed me that plaintiffs will NOT file
a summary judgment motion against ECT Securities.

Also, next week Ralph Hellmold will be deposed on 6/13 and 6/14, but we will
not be expected to produce McGrath until July.

Question:  Do we want to pay McGrath to attend Hellmold's deposition on 6/13
and 6/14 to help me out (and maybe keep Hellmold a little more honest by his
presence in the room)?

................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

2049 Century Park East
Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077

This transmission is intended only for the use
of the addressee and may contain information
that is privileged, confidential and exempt from
disclosure under applicable law. If you are not
the intended recipient, or the employee or agent
responsible for delivering the message 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 notify us immediately
via e-mail at postmaster@agsk.com or
by telephone at 310-277-1226. Thank you.

...............................................


just a little worried we may have our own version of "turkey trot"


The attached file contains the tentative program for two back-to-back real
options conferences (a professional one for July 5-6, and the standard
annual academic one for July 7-8) at Cambridge U.

Your name has been provisionally included on the program. Please check all
the information relating to you and confirm your participation as listed
(or advice us of desired changes immediately).

Thank you.

Lenos

  - 4thconfsessions.doc

Lenos Trigeorgis
Professor of Finance
University of Cyprus
Dept of Business
75 Kallipoleos, PO Box 20537
CY 1678 Nicosia CYPRUS

Tel: +357 2 892261
Fax:        339063


-----Original Message-----
From: 	Ruscitti, Kevin
Sent:	Thursday, July 19, 2001 7:49 AM
To:	Williams, Jason (Trading)
Subject:	resend


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Wall Street Journal and Dow Jones Newswires in Chinese

	November 27, 2000

	Reforms in India Are Tantalizing,
But Debates Cool Investor Ardor
	By DANNY PEARL
Staff Reporter of THE WALL STREET JOURNAL
	NEW DELHI, India -- The tumblers of economic reform have slowly but surely
been turning in India over the past decade, each click resonating through
this nation of a billion people. Lately the prospect of unlocking its markets
has seemed a bit brighter -- but not bright enough to impress foreign
investors.
	Every day, India's financial pages are filled with news of a new opening: a
plan to sell the government's stake in a big car company, the lifting of
controls on the textile industry. But the fine print tells another story:
stubborn hurdles to foreign investment, insistence on public control and open
battles among ministers that could force Prime Minister Atal Bihari Vajpayee
to protect his diverse coalition government rather than take fresh economic
gambles.
	"The debate over reforms will be endless unless there is a crisis, and there
is no crisis around the corner," says Mahesh Vyas, executive director of the
Centre for Monitoring the Indian Economy, a private organization. India is
still coasting along with economic growth above 6% a year.

	Still, there are some worrisome signs. Last month, Standard & Poor's lowered
its outlook on the Indian rupee because of the darker prospects for economic
reform. Foreign investment, already a pittance compared with the rest of
Asia, has slackened recently, and a few big companies, including Enron Corp.
of Houston and British Telecommunications PLC, are freezing some India
investments as their focus shifts to more-developed markets. Just 14% of the
multinational-company executives recently surveyed by AT Kearney said they
were more likely to invest in India than in China; 56% said the reverse.
	Even critics think Mr. Vajpayee's nationalist Bharatiya Janata Party, which
one year ago won a mandate to lead its second coalition government, is
sincere about pushing for further opening of India's statist economy. But
what government officials call the second generation of reforms -- India's
Congress Party launched the first in the early 1990s to allow more private
enterprise -- is meeting stiff domestic resistance. Workers and traditional
Indian businesses are as scared of competition as ever, and the Congress
Party, now in the opposition, is playing on those fears. So the government is
moving in small, often contradictory steps.
	"Their hearts are in the right place," says John Band, executive director of
ASK Raymond James, an affiliate of the American investment bank.
	Here is how the reforms are shaping up in five critical areas.
	Privatization
	India's program of selling off government companies is still mostly talk, but
much of it could come to fruition in the next few months. While the
government probably won't meet its target of raising 100 billion rupees
($2.14 billion) this fiscal year, it is likely India will shed some perennial
money losers. The first could be Air India and its domestic counterpart,
Indian Airlines, both of which have attracted expressions of interest from
foreign airlines including Air France and Singapore Airlines. Divestment
Minister Arun Shourie, who isn't revealing the full list, said on the first
day of the World Economic Forum's "India Economic Summit" in New Delhi Sunday
that before proceeding to formal bids, India will reject suitors who could
pose national-security concerns. India, he said, wants to avoid buyers who
might shut down the beleaguered airlines and keep the lucrative landing
rights.
	Job padding is legendary in India, so fear of job losses is real. Bank
workers fired a warning shot across privatization's bow this month with a
one-day, midweek strike against government banks. The next day, the
government announced it was moving forward anyhow, seeking a law that would
allow it to reduce its stake in public banks below 50%. The move wasn't as
bold as it seemed, though: The law wouldn't actually contemplate a sale of
shares and wouldn't allow any single investor to buy more than 1%. Government
officials pledged to keep the "public character" of the banks.
	Supporters of divestment within Mr. Vajpayee's cabinet are few but
influential. They are concentrating their efforts on a plan to sell the
government's 50% stake in car maker Maruti Udyog Ltd., a joint venture of
Japan's Suzuki Motor Corp. and India's government. But the cabinet is divided
over the sale, and Mr. Vajpayee has to keep all the members of his coalition
happy, including hardline nationalists. This weekend, Mr. Shourie flew to
Bombay to placate leaders of the radical Shiv Sena party who were upset about
the prime minister's recent olive branch to separatists in the embattled
region of Kashmir. One of their demands, he says, was that "Foreigners should
not come to acquire control of the Indian economy."
	Budget pressure may force India to follow through with privatization. The
World Bank has cited concern that India's budget deficit is a whopping 9.6%
of its gross domestic product, though much of the red ink can be traced to
state budgets. Mr. Vyas of the Centre for Monitoring the Indian Economy
believes the real benefits of privatization will come only when the states
start to sell off their bus companies and electric utilities -- but "that's
not even being talked about."
	Media
	India has an unrestrained local press but remains suspicious of foreign
media, especially when they show naked flesh or give their own spin on the
Kashmir dispute. Technology has brought paradoxes: Indians now get scores of
channels by cable TV, but only government-controlled TV over regular antenna.
Foreign magazines and newspapers enter the country freely by the Internet but
cannot print in India. (The Wall Street Journal is among the papers that have
made informal efforts to lift the barrier.)

	The newly appointed information minister, Sushma Swaraj, a BJP hard-liner,
this month seemed to be resolving the issues in favor of openness. At her
prodding, the government suddenly allowed programmers to serve homes directly
by satellite -- but with some tight restrictions on foreign ownership.
Equally worrisome was Ms. Swaraj's explanation for the government's decision
to move forward. Before, she explained, the government had no satellite
facility in India; now it did, and could cut off broadcasts that offend
India's programming code. Ms. Swaraj is looking for ways to regulate Web
sites, too. "They are bound by this code," she said. "As yet there is no
complaint. If there is, we can take care of it."
	Ms. Swaraj started a "national debate" over whether to lift the restrictions
on foreign media; 10 days later ended it with a firm 'no.' But as one door
closes in India, another often cracks open. Private FM radio is expected to
make its debut in the spring. The government has also taken steps to help
film studios get expansion financing, just as Hollywood starts to prowl the
Hindi film industry for investments.
	Telecommunications
	The Vajpayee government has earned broad kudos for its liberalization of
telecommunications, and the results may even help build domestic support for
other reforms. Sales of new telephones have exploded recently as service
improves. In Bombay, which once had five-year waiting lists for new telephone
lines, the government's local-phone company, MTNL, now promises, even if it
doesn't always deliver, hookups in two days. The reason is new competition
from a private group that includes a unit of Hughes Electronics Corp.
	Telecom investment is vital for India because so much of the country's
booming software and call-center business relies on fast communications with
the U.S. The government only recently loosened its control over international
data gateways, a move that Indians hope will alleviate heavy daytime data
traffic jams. Idika Solutions, a software company based in Hyderabad, got in
the habit of downloading files at 6 a.m. to avoid the rush.
	Further reforms should speed up improvements. Next year, Parliament is
expected to pass a "convergence" law, allowing telephone, wireless and data
services to come under the same license. And the following year government
phone company VSNL is scheduled to lose its monopoly on long-distance phone
service.
	Trade
	In theory, India, a member of the World Trade Organization, has no choice but
to open its borders to foreign products, and so far it is sticking to
schedule, passing a new patents law and so forth. But rather than investing
to get ready for free competition, many business families are simply getting
out of manufacturing. Their worry isn't so much luxury goods from the West,
which will still face steep duties even after quotas are lifted in the
spring, but goods like batteries from China and palm oil from Malaysia. The
government is starting to heed the call for more protection: Last week, it
raised duties on cooking oil and listed 131 imported products that would have
to list prices in rupees and register with the Indian bureaucracy.
	The government is also trying to prepare traditional businesses such as
textiles for a world without quotas. Still, the industry is so thoroughly
regulated that it is hard to see India's mild reforms having much effect. For
example, the government just decided to allow big domestic producers to move
into certain products that were reserved for small companies, but it still
requires yarn-spinners to produce 10% of their yarn in a form that can be
used by obsolete hand looms. With certain fabrics, "if I produce it on a
power loom, I'm breaking the law," says Ramesh Chander Kesar, president of
the Textile Association India in New Delhi. "Why should there should be a
restriction?"
	The main reason is that textiles employs an estimated one of every six Indian
workers, and the government is loath to throw them out on the street.
Actually, even when mills close, as many have in central Bombay, mill owners
often have to keep paying the workers and are restricted in their reuse of
the land.
	"If we can fire a worker for not working, that will send a powerful signal.
But there are no votes in it," says Gurchuran Das, former Procter & Gamble
chief in India and occasional adviser to the Congress Party. "Nobody has the
courage to explain to the people the way Clinton had the courage to explain
NAFTA: that jobs will be lost but, in the end, jobs will be created."
	Some less courageous moves are possible: one idea under discussion in New
Delhi is to give labor flexibility to companies that are exporting heavily.
	Finance
	India made some big financial reforms in the early '90s, with liberalization
of interest rates, loosening of currency restrictions and encouragement of
private banking. The country just needs some more money to prime the system.
	The government is approving new financial products, such as derivatives. The
big prize, investment bankers say, would be opening of the
government-controlled mutual fund and pension plans. Right now, they offer
fixed returns. Private investment companies want the government to let them
offer Indians more-aggressive private pensions.
	"They are listening," says Raju Panjwani, managing director of Morgan Stanley
Dean Witter India. "Maybe equities are considered risky, but we can't even
invest in corporate bonds." The government has a plan under study, called
"Project Oasis," that would allow private pension fund management, with some
restrictions.
	Another possible source of long-term capital is insurance, something there
isn't much of in India. The government took a big step last year in allowing
private insurance companies back into India after nearly 50 years. But as the
race to start marketing policies begins, only half a dozen companies have
jumped in. Foreign companies are limited to 26% of each insurance
partnership. That is a problem, because launching an insurance company can
take $75 million, and "there are not that many Indian companies that can
support 74% of that kind of a number," says Gary Benanav, chief executive of
New York Life Insurance Co.'s international unit. The company, which is
launching its India insurance venture in partnership with an Indian
conglomerate, estimates the Indian market could support 50 insurance
competitors.
	"They've made a decision which I don't think in the long run is in the best
interests of India, though I understand it. The colonial era has left a few
wounds here," Mr. Benanav says.
	Write to Danny Pearl at danny.pearl@wsj.com

Brian T. Hoskins
Enron Broadband Services
713-853-0380 (office)
713-412-3667 (mobile)
713-646-5745 (fax)
Brian_Hoskins@enron.net


Who's the bitch - bitch.  The the reason why you can't get in is because you
can't do it.  They know who is worthy and who isn't.  I am WORTHY.


Attached are 20/20 Purchase and Sale Agreement disclosures schedules.  Please
review and let Shonnie Daniel know of any issues.


Attached is a newly revised Credit Watch listing.  If there are any
personnel in your group that were not included in this distribution, please
insure that they receive a copy of this report.

To add additional people to this distribution, or if this report has been
sent to you in error, please contact Veronica Espinoza at x6-6002.

For other questions, please contact Bill Bradford at x3-3831, Russell Diamond
at x5-7095, Brant Reves at x3-9897, or Veronica Espinoza at x6-6002.


---------------------- Forwarded by David M Gagliardi/TTG/HouInd on
10/24/2000 07:53 AM ---------------------------

mggagliardi@duke-energy.com on 10/24/2000 07:27:09 AM

To:   DGagliardi@reliantenergy.com, David_Ricks@GSDM.com,
Tony.A.Rogers@fritolay.com
cc:

Subject:  True Orange Fax/E-Mail #100

---------------------- Forwarded by Michael
Gagliardi/Hou-ComOps/EnergyTrading/PEC on 10/24/2000 07:39 AM
---------------------------

TruOrange@aol.com on 10/23/2000 08:09:21 PM

To:   TruOrange@aol.com
cc:
Subject:  True Orange Fax/E-Mail #100

True Orange Fax/E-Mail Service
Volume 8, Fax/E-Mail #100, Monday, October 23, 2000
Jerry Scarbrough's True Orange, P. O. Box 26530, Austin, Texas 78755 -
Phone
512-795-8536

Brown Says Injuries Piling Up, UT-Tech on Fox TV at 6 p.m.

The Longhorns are a 41-point favorite over Baylor in their 11:30 a.m.
Saturday game in Austin. It will be televised by Fox Syndication.
Coach Mack Brown said the Longhorns' injuries are piling up at certain
positions and he said some players will be cross-trained to improve the
depth
at those positions.
Sophomore TE Bo Scaife, the projected starter, suffered a season-ending
knee
injury during pre-season practice, and junior TE Mike Jones took a lick on
the knee against Missouri that will keep him out of action indefinitely.
That leaves true freshman Brock Edwards and walk-on Cullen Loeffler as the
only able-bodied tight ends on the team. Brown said Edwards will start
Saturday, and he said FB Chad Stephens, a former TE, will be cross-trained
so
he can fill in at both positions. TB Ivan Williams also will be
cross-trained
at fullback, he said.
He also said OT Robbie Doane has been moved to guard because Antwan
Kirk-Hughes' shoulder injury is limiting his playing time. He said the
Longhorns had to play starting OTs Leonard Davis and Mike Williams late in
the Missouri game "because they were the only healthy tackles we had." He
also said redshirt freshman OG Tillman Holloway "played his best game
Saturday. He played 53 snaps and did a good job."
Brown said DT's Shaun Rogers (ankle) and Marcus Tubbs (shoulder) also are
ailing, and he said he hopes both of them can play Saturday. He said
freshman
Adam Doiron might have to give up his redshirt year unless both of them are
able to play.
On the plus side, Brown said QB Major Applewhite is getting better each
week.
"He came into this year with a hurt knee and he didn't have a lot of
confidence in the knee," Brown said, "but he looked like the old Major
(against Missouri) for the first time" since he was injured in the Cotton
Bowl game against Arkansas.
Brown also said freshman WR Sloan Thomas, who caught two touchdown passes
Saturday in his first extended action, "is going to be a really good
player.
He's been making plays like that in practice, so we decided to play him
more." Brown said redshirt freshman WR Artie Ellis is out with a sore shin
and he doesn't know when he will return. Ellis also was hampered during his
redshirt year with a stress fracture in his shin, and it isn't good news
that
the same shin is sore again.
Asked how he can get his team ready to play a Baylor team that has been
shut
out in its last three games, Brown said, "We need to worry more about us
than
our opponents. We just need to be a better football team. We have to get
ourselves ready, and this is a team that hasn't always done that."
The Longhorns can beat Baylor even if they aren't fired up, but the road
gets
much tougher the following two weeks with road trips to Texas Tech and
Kansas. Fox TV has picked the Texas-Texas Tech game for its 6 p.m. national
telecast on Nov. 4.
* * * *
FOOTBALL RECRUITING  NOTES: Super DT Tommie Harris of Killeen Ellison said
he
came to the Missouri game Saturday, but got there late and didn't get to
visit with the other recruits. Harris said he had a good time and said
Texas
remains one of his top choices. . . Fullback James Buchanon of Sarasota,
Fla., says he will announce his college choice Tuesday afternoon at 1:30
p.m.
He has been considering FSU, Texas and Boston College, but he took a visit
to
FSU last weekend and said he had a great time, so the Seminoles think they
have him.
* * * *
BASKETBALL RECRUITING  NOTES: Two walk-ons, including a former scholarship
player at North Texas State, have been added to the UT basketball team,
coach
Rick Barnes announced Monday. They are  6-6 junior guard/forward Deginald
Erskin and 6-1 freshman point guard Drew Gressett. Erskin, a cousin of
former
Longhorn Kris Clack, is from Gonzales. He played at North Texas State for
two
years, averaging 12.3 points as a freshman and 18.9 points as a sophomore.
He
will have to sit out this year, but can practice with the team. Gressett
was
an All-District guard at Austin Westlake last season, averaging 15 points
and
6 assists per game.
* * * *
My next e-mail/fax will be whenever events warrant.
* * * *
The True Orange Fax Service includes  at  least  99 faxes  a year and costs
$99 ($79 by E-Mail). The True Orange Newsletter includes  26 newsletters
and
is published weekly during football season and twice monthly during most of
the other months. It costs $45. Save by subscribing to both for $130 (or
$110
if you take the faxes via E-Mail  or $99 if you take the faxes and
newsletter
via E-Mail). Send check  to address at the top of page. I also  update my
900 number ? 1-900-288-8839 ? daily with recruiting news. My E-Mail address
is: truorange@aol.com


Please count the following 3 people from Enron Energy Services to attend the
conference:

Anoush Farhangi
Osman Sezgen
P V Krishnarao

If there are additional people interested in attending the conference, I will
let you know.

Best regards,
Krishna.
---------------------- Forwarded by Pinnamaneni Krishnarao/HOU/ECT on
03/20/2001 03:12 PM ---------------------------

Vince J Kaminski
03/19/2001 11:32 AM
To: Pinnamaneni Krishnarao/HOU/ECT@ECT
cc:
Subject: Re: RTP project

Krishna,

Please,  confirm with Hill Huntington.

Vince

Pinnamaneni Krishnarao
03/19/2001 09:28 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: RTP project

Yes, I would be definitely interested. Count me and Osman also to
participate. I will forward your email to others in EES who might be
interested also.
Krishna.

Vince J Kaminski
03/19/2001 08:12 AM
To: John Henderson/HOU/EES@EES, Pinnamaneni Krishnarao/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
Subject: RTP project

John and Krishna,

I am sending you an outline of a conference at Stanford on topics related to
demand-side pricing and management in the power markets.

Please, let me know if you are personally interested and who else
in your respective  organizations would like to attend.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/19/2001
08:10 AM ---------------------------

Hill Huntington <hillh@stanford.edu> on 03/15/2001 05:26:55 PM
To: vkamins@enron.com
cc:
Subject: RTP project

Vince,

Targetted conference date is Th-F June 21-22 at Stanford.  Enclosed in the
recent revision to what I sent before.

Great to meet you,
Hill

 - retail notes.rtf
*******************************************************************
Hillard G. Huntington
EMF - an international forum on
energy and environmental markets Voice:  (650) 723-1050
408 Terman Center    Fax:    (650) 725-5362
Stanford University   Email:  hillh@stanford.edu
Stanford, CA  94305-4026

EMF Website: http://www.stanford.edu/group/EMF/


richard greenberg @ opic left me a message to confirm his availability for a
call tomorrow.  they are:
1-2 pm  (EST) or 4:30 - 5 pm (EST) which tentatively works for us here in
houston.  scott please confirm with  richard @ GE to get him on the line as
well.

jmg

 -----Original Message-----
From:  Reblitz, Scott
Sent: Monday, May 14, 2001 5:49 PM
To: Jeff Dasovich@EES
Cc: Galan, Joseph M.; Dutt, Ranabir
Subject: Turbine Export Issue

Jeff:  We are going to have a call with OPIC tomorrow to discuss the turbine
export issue and the state of affairs in the California re power.  The two
times that OPIC people are available are 11:30-2:00 and 4:30-5:30 (both times
are eastern standard time).  Does one of these slots appear better for you?
I don't anticipate that you would be needed for the entire time allotted for
the call but I'm sure the OPIC people will have some questions requiring your
knowledge of California.  Attached, please find a summary document we're
working on containing talking points we want to convey to OPIC.  Again,
thanks for your help, Scott

 << File: EletroboltExImSherman.doc >>


Looks good to me.  One remaining concern is that section (d) may not provide much protection.  According to the power trading lawyers who have worked with the FERC in the past, they never provide protection for what we would consider confidential commercial information even when they have the authority to do so.  If we want that kind of protection, it should be mandated, not made possible by regulatory action.  I'm not necessarily recommending a change, I just don't want anyone to be taking any comfort from section (d).

 -----Original Message-----
From: 	Yoho, Lisa
Sent:	Monday, September 17, 2001 11:37 AM
To:	Taylor, Mark E (Legal)
Subject:	FW: Transparency language

This is the language that I referred to in my email.  I have sent this to Brad and Greg as well.  I have been working with Brad to refine the language in a way that gives them the least amount of heartburn.

Let me know what you think.

Lisa

 -----Original Message-----
From: 	Yoho, Lisa
Sent:	Monday, September 17, 2001 11:34 AM
To:	Taylor, Mark E (Legal)
Subject:	FW: Transparency language

 -----Original Message-----
From: 	Long, Chris
Sent:	Friday, September 14, 2001 3:29 PM
To:	Robertson, Linda; Shelk, John; Yoho, Lisa
Subject:	Transparency language

Linda  - Here is the draft changes to the Bingaman electricity bill for your discussion with Louise.  They draw from Ken Raisler's comments and Lisa's review.  Houston would prefer to have the language deleted, which John reports is highley unlikely.  John also reports that the changes should be simple and clean - we think these meet that criterea.

 << File: transparencychange.doc >>


Luanne:
Our credit person is fine with revising the MAC language to say taht a MAC
would be triggered if either (1) an entity's Credit Support Provider's rating
from S&P is below BBB- by S&P or Baa3 by Moody's or (2) if such Credit
Support Provider fails to be rated by both S&P and Moody's.  Also, in
Sections 4.5 and 4.6 of the ISDA Schedule we would like to change the
reference to "Goldman Group" to "The Goldman Sachs Group, Inc."

I will have Tana Jones draft an amendment and send it to you.  Call me if
there are any problems with the above.

Tana,
Please draft an amendment for my review.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


El Paso Shines Up Line 2000 for Gas Conversion
El Paso Natural Gas this week received approval to begin the internal cleaning of its Line 2000, which would convert the former All American oil pipeline to gas service. The internal cleaning, or "pigging," will begin at the La Paz pump station, and when this portion of the conversion is completed, the project will add about 230 MMcf/d of new capacity by Aug. 31.
El Paso bought the line from Plains All American Pipeline L.P. in early 2000.  It extends 1,088 miles from Emidio, CA, to McCamey, TX. The purchase also included any fiber optic rights that All American had along its entire 1,233-mile system.
El Paso was awarded a Federal Energy Regulatory Commission certificate to begin the conversion project in May, and then began a binding open season for additional capacity, which extends through Aug. 2.  The open season is for 230 MMcf/d of capacity from the Keystone and Waha areas of the Permian Basin in West Texas to the California border near Ehrenberg, AZ. The expansion capacity will be made available by adding compression to Line 2000 from McCamey to Ehrenberg, with a projected in-service date of mid-2003.


Please disregard the first email. I made one slight change.

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Monday, December 10, 2001 11:50 AM
To:	Sewell, Doug
Cc:	Tycholiz, Barry
Subject:	Denver Office Expenses


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Thank you very much for the tech data.  Margaret, is there data out there
regarding the California utilities performance (i.e., how many rolling
blackouts, etc. v. national average)?  Thanks again.


With PMA's, volumes can be adjusted through the system as usual and I can
adjust the demand fee on the Sitara ticket.  I am not able to follow your ua4
calculation.  However, there was imbalance payback that occurred throughout
September and October.  (This should have been pathed to the Lone Star
transport k in Unify).  Is this in that ua4 number?  Williams had been trying
to make up volumes from prior periods, so that's probably why their volume
came in greater than booked.  (Much of their gas is from El Paso and volumes
vary each day from scheduled.)  The volumes that they were trying to make up
would go toward the transport imbalance also.  I would think that Cleburne
will carry an imbalance on Lone Star from month to month.  After Novemeber,
the imbalance should be fairly small.  Our scheduler, Mark McCoy will have
that number.  (When we took over this deal, the imbalance on Lone Star was
very large.   When the plant went down in Sep, we decided to payback the
imbalance then, so that we could take advantage of higher winter sales prices
if the opportunity came up.)

The agreement does not specifically state anything about ua4.  But, I will
discuss that with Legal.  The intent is for all costs, including ua4 and
fuel, to be covered by Tenaska IV.

I will be leaving at 1pm today and will return on Tuesday 12/19.  We can get
together then if you would like.

D

	From:  Jim Pond @ ENRON                           12/14/2000 08:56 AM

To: Daren J Farmer/HOU/ECT@ECT
cc: Greg Whiting/Corp/Enron@ENRON@ECT, Troy Klussmann/HOU/ECT@ECT, James
Armstrong/HOU/ECT@ECT, Megan Parker/Corp/Enron@ENRON@ECT
Subject: Re: Tenaska IV 10/00

Darren,
The demand fee is probably the best solution.  We can use it to create a
recieivable/payable with Tenaska, depending on which way the calculation goes
each month.  How are PMA's to be handled once the fee been calculated and the
deal put in the system?

Attatched is a schedule detailing what is on the GL for Cleburne as of
today.  Some of this info will change by the end of the month.  As you can
see, there are some discrepancies between Megan's calculations and what is on
the general ledger.  UA4 is also on my schedule.  Unless the buys/sells are
volumetrically balanced, we book an entry to balance the desk.  This will
change the calculation of what is due from/to Tenaska.  Should we be
recording a UA4 entry for Cleburne?  Is it addressed in the agreement with
Tenaska?

Daren J Farmer@ECT
12/12/2000 04:48 PM
To: Greg Whiting/Corp/Enron@ENRON, Troy Klussmann/HOU/ECT@ECT, James
Armstrong/HOU/ECT@ECT, Megan Parker/Corp/Enron@ENRON, Jim
Pond/Corp/Enron@Enron
cc:

Subject: Tenaska IV 10/00

In most cases, ENA will be a net buyer from Tenaska IV for activity related
to the Cleburne plant.  However, for October 2000, the plant was down the
majority of the month and ENA sold off the supply, resulting in ENA owing
money to Tenaska IV.

I have created deal 529856 with a demand of $1,798,389.73, which is the
calculated amount of income on the Cleburne desk. (Please see the attached
schedule.)   We need to pass this income on to Tenaska IV.  Do we need to pay
this amount (wire from ENA to Tenaska IV) or is there another way to do
this?  This is the case for October 2000 and could possibly happen again in
the future.

Greg, Troy, Jim - Please let me know what you think about settling this.

Megan - Don't pay the amount until we here from the Greg, Troy and Jim.
Also, make sure that we have received dollars from the spot sales before we
reimburse Tenaska IV.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 12/12/2000
04:37 PM ---------------------------

	Enron North America Corp.

	From:  Megan Parker @ ENRON                           12/07/2000 09:18 AM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Tenaska IV 10/00

We have actuals.  The larger of the two volumes is 1,395,000, which is
45,000/day, so the demand rate in deal 514353 is fine.  I am having a
problem, though, with the way it is coming to settlements.  It is showing up
with a Jan 2003 delivery date.  I think the demand fee needs to be on 10/1
only.  Right now, it is on a line with a date of 10/1/00 to 12/31/36.   I
think this is confusing the system some how.  Also, we still need the
purchase deal for Tenaska IV.  It should be for a demand fee of $2,571,135.73
booked to the Cleburne desk.  We actually owe $1,798,389.73, but I need to
net the Tenaska IV sales with the purchase to clear those receivables.  James
is calling me every day asking for an update.  Do you know when we will be
able to get this in the system?  I have attached my spreadsheet so you can
see the numbers.

Megan


Status Report re: tape transcripts

At this time, this summary has been sent to you only.

Counsel for Powerex has indicated that he now has instructions to share with
us the information that has been seized from their offices by the Bureau in
exchange for our providing similar information to them.

He has also indicated to us that between the 19th and the 25th of October,
the Bureau came to Vancouver and listened to the Powerex tapes using Powerex
equipment in that they had been unable to listen to them with their own
equipment.

As you are aware, the tapes seized from the Enron offices in Calgary cover
the period of September of 1999 to the end of October.

The tapes which we have listened to, but which they have not seized, cover
the period commencing in late May of 1999 to September, 1999.

With respect to the tapes that they have seized, initially we exerted a claim
of privilege to all of the tapes.  The Bureau has now come back to us and has
asked us to clarify how we would propose resolving the privilege question.
We have volunteered to have this discussion with them, but to this point in
time, they have not responded to us.

If, as and when the conversation occurs, our position will be that we intend
to claim privilege with respect to conversations with lawyers only.  How this
particular aspect of the matter would be resolved is not as yet clear.

Our view is that with respect to the conversations they have, they are not
particularly damaging but the conversations do not particularly add to the
flavour of the matter to our benefit.

On Wednesday of next week, we will be meeting with counsel for Powerex to see
exactly which conversations they have delivered to the Bureau.  We will
advise him of the conversations that have been taken by the Bureau from our
offices and at the conclusion of this matter, we should be able to see
exactly what it is that the Bureau has in terms of conversations between
Powerex and Enron.

We look forward to discussing this matter with you at your convenience.

Yt
Web Macdonald


John, I think they have to do something to improve the customize pages.  At a
minimum, they need to build something so you don't have to re add day gas
everyday.


Thanks.  We are in litigation with the Px.  Let me know if she continues to
pursue Enron.  Mark


Further to your letter to us (addressed to Mr. Tim Belden)  dated August 14,
2000:

Enron thinks that the elimination of physical risk during the month of August
will be of commercial benefit because Enron expects that during the month of
August there will be transmission line derations affecting the hour ahead
market which will lead to TO debit charges by the CAISO.   The elimination
of  TO debit charges is a commercial benefit to Enron.


I am pleased to announce the following organizational changes within EGM Operations & Accounting effective immediately:

Todd Hall will be relocating to London and will assume responsibility for all EGM operational activities in London including Risk Management, Confirmations, Coordination & Settlements and Trade Accounting.  Todd will be working closely with the EGM business unit heads in London to ensure their businesses are being supported in an effective and efficient manner.

Cindy Horn will assume the role of EGM IT & Remote Office Controller.  She will be responsible for the oversight and coordination of all IT projects affecting the Operations group.  Her duties will include monitoring and reporting project timelines and expenses and ensuring IT is being utilized in the most cost-effective manner within Operations.  Cindy will also manage the operational activities of the Singapore and Tokyo offices and coordinate with the Sydney office in regards to EGM operations.

Michelle Bruce will assume responsibility for Risk Management in the Houston office for Crude & Products, Coal and Weather.  She will also continue to manage the Confirmation, Coordination & Settlements and Trade Accounting functions in Houston.

Please join me in congratulating these individuals on their new assignments.


FYI:  Tim O'Rourke has developed a new form for PIPs.

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

Michelle Cash
Enron North America Corp.
1400 Smith Street, EB 3823
Houston, Texas  77002
(713) 853-6401
michelle.cash@enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.

	Kimberly Rizzi
	06/28/2000 05:31 PM

		 To: Julie S Gartner/HOU/ECT@ECT
		 cc: Michelle Cash/HOU/ECT@ECT
		 Subject: Performance Improvement Plan Template

Julie - this is just a simple template.  We'll probably want to beef it up a
bit.  If you want to take a first run at it then we can sit down and talk.
Thanks - Kim


Sean,

A few comments.

1.  The counterparty to the Basic Documents is NBP, not NBILP
2.  There are three assignment and assumption agreements (I.C.)
 a.  NBP and ENA
                b. NBP, ECT-WR-Z, L.L.C. and ECT-WR-B, L.L.C.
               c.  NBP, ECT-PR-Z, L.L.C. and ECT-PR-B, L.L.C.
3.  I.E. and F. should be deleted.
4.  I.D. -  the Master Services Agreement is between ENA and NBP and has nine
service schedules
5.  On Third Party Consents, add the Release Agreement between Lost Creek and
ENA and the Release Agreement between Fort Union and ENA.
6.  Jason forwarded the NCO Omnibus Consent to Assignment this morning, add
that to the Third Party Consents.
7.  We are closing 20/20 prior to the Term Conversion on Lost Creek.
8.  Under other Closing Items, I want to talk to you about item F.  Consent
to Assignment for Fort Union.
9.  Under Other Closing Items, I think H and I can be deleted.  I don't know
what those are.
10.  Under the Basic documents, Administrative Services Agreement to be
executed by NBP and NBP Services Corporation.

	"Sean Bunk" <BUNKS@andrews-kurth.com>
	09/11/2000 12:08 PM

		 To: <sdaniel@enron.com>
		 cc: "HAL HALTOM" <HALTH@andrews-kurth.com>, "JASON PETERS"
<PETEJ@andrews-kurth.com>, "ROB TAYLOR" <TAYLR@andrews-kurth.com>
		 Subject: Project 20/20 Closing Checklist

Attached please find a draft of the Closing Checklist for Project 20/20.

The Closing Checklist currently includes alternate provisions depending on
whether the Closing Date of Project 20/20 occurs prior to or after the Term
Conversion of Wind River.  Please let me know if the checklist should be
revised to reflect the Closing Date occurring prior to the Term Conversion
Date.

Please feel free to call me at (713) 220-4427 if you have any questions or
comments or if I can be of further assistance.

S.B.

 - ClosingC.DOC


Although I don't yet have all the facts, Steve Hall said that late yesterday
(Friday) afternoon, the Governor exercised eminent domain over the IOU
forward contracts that the PX had been in the process of auctioning to pay PX
participants.  I would like Bracewell to research at least the following two
possible ways this action is unlawful.  First, this violates the banking
provisions of the PX tariff (Section 6).  These provisions requires the PX to
hold all PX accounts in trust for PX participants.  Second, these are
wholesale contracts and the State only has the right to exercise eminent
domain concerning retail service.  I don't have any law to support the second
idea but think it should be researched nonetheless.


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/14/2000
02:18 PM ---------------------------

"Jacqueline Blanchard" <Jacqueline.Blanchard@dvn.com> on 06/14/2000 01:49:30
PM
To: <Ami.Chokshi@enron.com>
cc:

Subject: SS 154

 - TEXT.htm


sempra  gku398bp
usgt  kue876dg
texaco  qrp394mv
coral  wix284hc
duke  tqp482nb
burlington ope736hy
oneok  pcv768ek
williams  mno065pu
reliant  byh323mg
amoco  ckh468om
tenaska ukh835hy
dynegy  kyr587wm


PG&E Sues to Recover $3 Billion

Exploring yet another legal avenue, Pacific Gas and Electric Co. Wednesday
filed in San Francisco's federal district court asking for a judicial ruling
that will mandate that it can recover all of the nearly $3 billion in
uncollected wholesale electricity costs that have been mounting since May
when price spikes in Califonia's market left the state's major investor-owned
utilities vulnerable because their retail power rates are frozen at 1996
levels.

The utility argued that the wholesale power costs are federally approved,
therefore, it filed in federal court. Earlier in the fall, PG&E appealed to
the California Supreme Court, asking to overturn a California Public
Utilities Commission decision this summer that limits its ability to recover
its wholesale costs, which it passes on to customers without adding a profit
charge.

"We're just keeping our legal options open," said a San Francsco-based
utility spokesperson, noting that the utility also is attempting to protect
its financial status, which was challenged Tuesday when Fitch placed it and
another California utility on a "rating negative watch."

State and federal officials all acknowledge as part of a series of ongoing
investigations that California's current wholesale electricity market is
broken and noncompetitive in its current state, said Roger Peters, senior
vice president and general counsel for Pacific Gas and Electric. "However,
there has not yet been any concrete action by regulators to provide for
recovery of the costs we have incurred to purchase the power our customers
must have, either through refunds from power sellers who charged unfair
prices, or through retail rates. These costs are continuing to grow."

Noting both the unfairness and unpopularity of the skyrocketing wholesale
charges, PG&E's utility nevertheless said it has a legal right to recover the
charges from its almost four million customers, and it reiterated five steps
it has taken to "increase supply, moderate customer demand, repair the broken
wholesale market and provide stable, reasonable rates."


Mark, I have not really been involved in the past with outside Canadian
consel for Enron Canada products for EOL.  My recollection is you (or
somebody in your group) dealt with Fred Erickson at Stikemans.  I am happy to
get involved, but let me know if you will be dealing directly with Fred on
this.

Regards, Peter.

---------------------- Forwarded by Peter Keohane/CAL/ECT on 11/15/2000 11:45
AM ---------------------------
From: Nicola Beales on 11/15/2000 04:13 PM GMT
To: Mark Taylor/HOU/ECT@ECT, David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Peter Keohane/CAL/ECT@ECT
cc: Justin Boyd/LON/ECT@ECT
Subject: Bullion Due Diligence

Dear Mark, David and Peter,

We have been asked to carry out due diligence so that we can trade Bullion on
EnronOnline and have instructed local counsel with respect to the list of
European jurisdictions I have been given.  The products involved so far are
Gold, Silver, Platinum and Palladium.   The other jurisdictions that would
fall under your remit are as follows:

Mark: USA
 Peru
 Mexico

David: Australia

Peter: Canada

Kind regards,

Justin Boyd


FYI
---------------------- Forwarded by Shelley Corman/ET&S/Enron on 05/12/2000
10:58 AM ---------------------------

Shelley Corman
05/10/2000 12:45 PM
To: Jeff Brown/HOU/EES@EES
cc:
Subject: Electronic Version of EEI Presentation

Here is a copy of a draft presentation for Stan for the EEI meeting next
week.


Grier Martin with El Paso Merchant Energy called - he's interested in the Trailblazer capacity.  His number is 713-420-5673.


Critical Migration Information:

1. Your scheduled Outlook Migration Date is THE EVENING OF : May 24th
2. You need to press the "Save My Data" button (only once) to send us your
pre-migration information.
3. You must be connected to the network before you press the button.
4. If a POP-UP BOX appears, prompting you to "ABORT, CANCEL OR TRUST SIGNER"
please  select TRUST SIGNER.
5. Any information you Add to your Personal Address Book, Journal or calendar
after you click on the button will need to be manually re-added into Outlook
after you have been migrated.
6. Clicking this button does not complete your migration to Outlook. Your
migration will be completed  the evening of your migration date.

    Failure to click on the button means you WILL NOT get your Calendar,
Contacts, Journal and ToDo information imported into Outlook the day of your
migration and could result in up to a 2 week delay to restore this
information.

If you encounter any errors please contact the resolution center @
713-853-1411


My new information is as follows:

Shelly Smith
Legal Secretary
Andrews & Kurth L.L.P.
The Woodlands, Texas
Phone: 713.220.4353
Fax: 713.220.4815
Work E-Mail:  shellysmith@andrews-kurth.com

I love it here!  It's terrific!!!  I will talk to you all soon!  Keep in
touch!!


Loretta, I really enjoyed being at your table on Monday evening and getting
to know you a little better.

I must tell you that I am in awe of what you did with the office in Japan.  I
would not have known how to do all that!!!  Wow.

Rosie


Thanks Edmund.  You're the best!

	Edmund Cooper
	08/07/2000 02:04 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Pulp & Paper

Sorry for the delay, I've been away from the office sick.

In response to your note:

UK = fine
Sweden = fine  (need to check the authority of persons executing PAs and ETAs)
France = fine.  Need to check on the type of entity to ensure close-out
netting is possible
Italy = restricted at the moment.  We have sought further advice.  Will
update in due course.
Netherlands = swaps only at the moment for financials.  This may change.

We have not done any due diligence for physical transactions, so the above
only relates to cash settled commodity derivatives.

Edmund

From: Tana Jones on 08/04/2000 04:42 PM CDT
To: Edmund Cooper/LON/ECT@ECT
cc:

Subject: Pulp & Paper

I've got  several European counterparties on my 8/3/00 ClickPaper Online
List, the UK, Italy, the Netherlands, Sweden and France.  Are there any
restrictions on trading financial pulp & paper in Europe?

Everything going well...?


Attached are comments of Snohomish PUD on the Revised Pricing Proposal.
 <<RTO WEST pricing cmts 1-30-02.doc>>
Eric Christensen
Associate General Counsel
Snohomish County PUD
2320 California Street
PO Box 1107
Everett, WA  98206-1107
voice: (425) 783-8649
fax: (425) 267-6071
elchristensen@snopud.com


Start Date: 2/3/02; HourAhead hour: 7;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020307.txt


Return Receipt

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