The first quarter of 2001 was a record quarter for the performance of the businesses under the Enron Global Markets group.  We posted a gross margin number of $100 million for the first quarter.  This represents a 38% increase in gross margin after a very successful Q1 of 2000.  When combined with outstanding results posted in December of 2000, EGM has contributed over $187 million to the Wholesale group in the last 4 months.  This was due to tremendous contributions from each business group.

In order to keep the momentum going and to facilitate more growth, the following changes and additions have been made within the organization.

Crude and Products group
Mid-marketing
Bill Berkeland has joined the group and is responsible for creating a focused mid-marketing function specifically within this group.  Fred Lagrasta is responsible for mid-marketing for Enron Americas and still maintains some responsibility for various contacts and deal flow as well.  The purpose of this group is to be very focused in the development of crude and product specific products and services.  This group reports to Randy Maffett.

Origination
In order to manage the increased origination opportunities around the world, the Origination group has been changed in order to insure that the proper focus is placed on these opportunities and to manage its wide scope.  Doug Friedman will lead our NGL and Petchem origination efforts reporting to John Nowlan.  Joining Doug will be Rick Cantrell recently hired from Union Carbide.  The global crude and products origination group has added Randy O'Conner from Red Meteor, who has extensive experience in these markets.  Both Randy and Doug Leach's growing fuels origination group will report to Randy Maffett.

Trading
Lee Jackson will assume the role of U.S. NGL's lead financial trader, supported by Chad South.  The petchem and plastic trading businesses have been reorganized under Stuart Bland.  Alan Engberg will be responsible for plastics trading in the Americas.

Shipping
Scott Moncrieff will assume responsibility of our global shipping network related to crude and products.  Scott will be charged with expanding all aspects of the shipping portfolio taking advantage of our growing presence in these markets and the successes we have had marketing shipping on line.

Weather
The weather group under Mark Tawney's direction is expanding its efforts around the world.  Europe will have an expanded focus and the London office will focus on new opportunities in Europe.  Paul Murray has joined Enron from Castlebridge Partners and will be moving to London to develop and expand the continental opportunities.  Ross McIntyre, currently based in London, will report to Paul.  Bill Windle has joined the weather group and has responsibility for origination activities for North America.  Bill's most recent assignment has been in the EBS organization.  The Oslo weather office managed by Thor Lien will have responsibility for Scandinavia weather activities.  In addition, employees are being added in the Australia and Japan regions.  We are now making markets in 32 cities around the world on EnronOnline.

Coal
Mark Schroeder has joined the coal group and is responsible for origination activities with generators in the U.S.  Mark's most recent assignment was as the head of all regulatory activities for Enron Europe, Japan and Australia.

Enron Japan
The momentum of power deregulation process has slowed in Japan.  The decision has been made to scale back the wholesale power activities.   Joe Hirl, President and CEO of Enron Japan, will now report into the EGM organization.  Joe will maintain his direct responsibility of the office and will be increasing his focus on the business lines within EGM.  All of these products have high growth potential in both the near and long-term and he will coordinate and help implement with all the business lines and their activities.

LNG
LNG continues to expand with the vision to increase the number of transactions and create a portfolio of assets and contractual access around the world.  Jonathan Whitehead has joined the LNG group and has responsibility for all trading and shipping activities.

Neal Gerstandt, previously an independent energy consultant,  Jared Kaiser, from Enron Americas - East Gas Desk, and Kurt Lindahl, from Enron Global Assets, have also joined the LNG group with responsibilities in the area of origination in the Western Region.

Enron Freight Markets
EFM has concluded over 2,000 transactions in its first two months.  Chris Kravas continues to focus on building the spot trading and mid-market capabilities that will enable it to be the dominant player in its market, and has hired four new traders in the last two weeks.  Kellie Metcalf, from EBS, has joined Shawn Cumberland's origination effort, and Deirdre McCaffrey, from Gas Structuring and Mid-Market, has joined Matt Arnold's forward trading group focusing on diesel products.

Global Risk Markets
David Hoog joined Enron from Ace Insurance in December 2000 and has quickly built a team of people specialized in trading unit contingent power price call options, a hybrid insurance derivative product. Drawing on Ace and Enron resources, this team is based in New York and includes Alex Tartakovski and Larry Marcus from Ace, as well as Joana Bekerman and Tony Chang who recently moved to New York from Houston. Their first transaction closed just 3 months after startup.

Brad Blesie will be moving to London in June to establish a base of operation for GRM and expand our insurance derivative activities into the European market place. Among the opportunities he is currently exploring are contingent call options applied to shipping and charter rates, trading insolvent insurance claims, and combining North Sea oil and gas VPP risk with decommissioning insurance.

In April this year, EGM established a hedge fund origination effort in New York reporting to Per Sekse and led by Russell Dyk who recently moved to New York from LNG in Houston. Russell is responsible for expanding our commodity trading relationship with hedge funds to include crude oil, products, liquids and other commodities traded by EGM. Joining Russell in this effort is Stephen Plauche, who comes to us from Enron Americas' power trading desk.

Financial Trading
Elsa Piekielniak has assumed responsibility for Enron's developing agriculture business.  Billy Lemmons has changed groups and now runs the Analyst and Associate program for Enron Corp.

Please congratulate everyone on their new assignment and we look forward to the continued growth in all the EGM businesses.


Here's what I have on the open issues/ to do list:

Resolve shipping/delivery obligations in accordance with option agreement;
conform contract
Confirm pricing
Add schedule of delivery dates
Finalize assignment language (I sent Mike an email with a question about
their request)
Agree on effective date: suggest signing date be whatever it is (hope for
tomorrow) with effective date being the last day of last option
Need estimated price per month to store (a request from Finance for budget
purposes)
Verify sales tax exemption with WestLB (doesn't require ABB involvement, nor
does it need to be done before contract is signed)
Need assignment of option (Finance to provide - no ABB action, I'll follow up)

Kathy:  do you have anything to add? Are there any technical details left to
resolve?

Ben, anything to add?

I'll send a cleaned up version to Mike tomorrow am.

Thanks,

Kay


Steve,

Thank you for taking my call and your subsequent offer of assistance on
Thursday. I wanted to contact you again to confirm you have received my fax
and see if you had any questions.

I will be back in Houston on Monday and will be available to visit with you
or your designee. I look forward to talking with you and I thank you again
for your friendship and your offer of support.

Court Koenning
713/664-8362
361/576-1446 (Victoria)

Do You Yahoo!?
Send online invitations with Yahoo! Invites.


Hi Jo and Dave;   I guess you are moved to the desert by now.  I won't say
any thing about being settled as yet because Betty and I have moved and we
know it takes a while to get settled.
      Sue is already to go to the wedding as she will leave for Istanbul
about May 1.  Jeff is figuring on being there but I don't know his plans.
Tom cannot get away at this time and Betty and I both agree we are better off
waiting until this coming fall to meet the bride.  That would be a long trip
for us.
      The weather turned to spring but not for long and we had snow showers
yesterday maybe today too as it is cold enough.  I heard it was in the 90's
in Arizona.
      We will keep you informed of all the wedding news.
      Love and Kisses      Betty and Tom


ALUMNI MESSAGE FROM:
MIKE CORTINA '95

I would like to gather the names,addresses, phone numbers and e-mail
addresses of all past-presidents so that we can possibly coordinate more
alumni support for the Delta Lambda chapter.  The idea is to have the
past-presidents contact only the Brothers from their respective graduating
class so as to not inundate anyone with too much work.  Any past-president
who is interested in helping with this project should e-mail me at
mcortina@zrfmlaw.com.  C, F & S  Mike Cortina, Past-President, Class of '95.
_______________________________
Michael G. Cortina
Attorney at Law
Zukowski, Rogers, Flood & McArdle
50 N. Virginia Street
Crystal Lake, IL  60014
815.459.2050
mcortina@zrfmlaw.com


Tell him it is firm.  We are obligating ourselves no matter what.  And tell
him thank you again.  See you tonight pretty lady.
PL


John,

Probably safe to assume it is me.

Kay

John G Rigby@ENRON_DEVELOPMENT
06/19/2000 01:47 PM
To: Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay Mann@ENRON
cc:

Subject: FW: GE LDs for Late Delivery of TECO's Equipment/Materials

Brian info-

Kay- this will need to go out under ENA signature- who from ENA legal is
handling this.  I will want to discuss with correct ENA legal rep.
---------------------- Forwarded by John G Rigby/ENRON_DEVELOPMENT on
06/19/2000 01:50 PM ---------------------------

NeilE@nepco.com on 06/19/2000 11:53:26 AM
To: jrigby@enron.com
cc: NeilE@nepco.com

Subject: FW: GE LDs for Late Delivery of TECO's Equipment/Materials

John, please forward a copy to Barto.  His e-mail bounced also.  Thanks.

> -----Original Message-----
> From: B-Neil Eldin
> Sent: Friday, June 16, 2000 2:14 PM
> To: 'john.rigby@enron.com'
> Cc: B-Mike Ranz; 'brian.barto@enron.com'; Teco-Addis Linscott; B-David
> Lund; B-Neil Eldin
> Subject: GE LDs for Late Delivery of TECO's Equipment/Materials
>
> John:
>
> Attached is a draft of NEPCO's letter that we discussed today.  Please
> note the following information when presenting our claim to GE:
>
> 1. GE's lack of performance forced us to pay $33,000 LDs to the client for
> missing the substantial completion date by 2 days.
> 2. GE's defective Mark-V software resulted in denying us the opportunity
> of getting at least one week of early completion bonus ($60,000).
>
> Although we realize that the GE contract does not cover these two types of
> damages, we want you to be aware of NEPCO's total losses. Please keep me
> informed of your plan and progress in handling this matter.  Thanks.
>
>
>  <<0.DeliveryDates-LDs6-19-00.doc>>  <<1.Equipt-LDs-6-2-00.xls>>
>
>
> Neil Eldin
> Project Manager
> e-mail: neile@nepco.com
> (425) 922-0465 (cell)
> (425) 415-3046
>

 - 0.DeliveryDates-LDs6-19-00.doc
 - 1.Equipt-LDs-6-2-00.xls


take a look and we'll send it to Greg.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 09/14/2000
12:21 PM ---------------------------

Martha Benner
09/14/2000 12:18 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Insert


Due to communication equipment upgrades by Enron, QuickTeller, Enron Federal
Credit Union's Automated Phone Account Service, will be unavailable Sunday,
October 1st, from 7 a.m. to 12 p.m.  If you need access to your credit union
accounts, QuickLink PC Banking is available through our web site at
www.efcu.enron.com.  If you are not yet set up for QuickLink access, please
send us an e-mail and we will be glad to get you set up.

We apologize for any inconvenience.  Thank you!


I spoke with Jill at the agency, and I will either meet with her later this
afternoon or tomorrow morning.  She basically just needs some paperwork on
me and I am then able to start working for you as soon as you'll have me.
When would you like me to begin?  This week...Thurs?  Just let me know what
you'd prefer and I'll be there...with bells on!

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


Any information would be helpful.

Thanks,
Beth

-----Original Message-----
From: peggy.a.kostial@accenture.com
[mailto:peggy.a.kostial@accenture.com]
Sent: Friday, January 11, 2002 7:43 AM
To: Perlman, Beth
Subject: Commodity Logic

Tom Gros tells me that he has submitted a bid for CL and that it is most
likely his bid will be the winning one.

We have not done anything for a number of reasons, but one is that everyone
at Enron continues to tell us that nothing has happened here and that we
have plenty of time.

I have asked Mike Bridges to look into this for me (he is supposed to be
our commercial contact), but he seems to know little.

Can you find out what is going on ?  I am going to be highly disappointed
if this thing has slipped out from underneath us.

PK

This message is for the designated recipient only and may contain
privileged, proprietary, or otherwise private information.  If you have
received it in error, please notify the sender immediately and delete the
original.  Any other use of the email by you is prohibited.


see below.  I'm sure your guys are considering all of the applications in due
course and those who are waiting are naturally going to be anxious to hear.
Not asking for any special treatment for this individual, but, as we
discussed in your office the other day, there are some continuing core skills
in the EE&CC group that we need to hold onto.  At first glance, this guy
seems to have those skills.
----- Forwarded by Steven J Kean/NA/Enron on 12/04/2000 08:06 AM -----

	Adel Rizkalla@ENRON_DEVELOPMENT
	11/30/2000 03:44 PM

		 To: Steven J Kean@EES, Cindy Olson@ENRON
		 cc:
		 Subject: Appeal for your support to continue to serve Enron

From:  Adel A. Rizkalla, Ph.D.      November 30, 2000
  12118 Knobcrest Dr.
  Houston, Texas 77070

e-mail: Adel.Rizkalla@enron.com

Extension: 55841

Attention: MR.  STEVE  KEAN
  MS.  CINDY  OLSON

Dear Mr. Kean and Ms. Olson:

I am privileged and delighted for providing me with this opportunity of
writing directly to both of you, while I am on re-deployment status.

The purpose of this letter is to respectfully appeal to both of you to please
help me continue serving Enron and continue being an active manager within
this most challenging environment, as I feel I am most qualified.

I joined Enron EE&CC on March 1, 2000; now am an EES employee. I am a
Mechanical Engineer, with 32 years work experience and extraordinary track
record in the oil & gas and power generation EPC business worldwide, with
major global organizations.

I hold a Ph.D. in Mechanical Engineering (specifically in the Gas Turbines
Technology). I have been a Project Manager, Senior Project Manager, and
Project Director on major multi-million Dollar onshore and offshore
development projects since 1980, in every hydrocarbons  producing region.

I was interviewed at Enron,s EE&CC in mid February 2000 pursuant to my
application for Project Manager/Senior Project Manager position.

I was then hired on March 1, 2000 as Project Engineering Manager (PEM), under
quite urgent circumstances, to be in charge of all three (3) major and most
active Power Projects at EE&CC in Brazil.  Just one (1) week later, after my
new hires orientation, I had to join a delegation and travel to Brazil for
Due Diligence of Local Engineering and Construction Contractors.

The Expected NTP was January 2001, and the life of these foreign Projects
(except for Electrobolt ) simple cycle plant) is three (3) to four (4) years,
i.e. until the year 2003 and 2004.  These Projects are RioGen, Cuiaba II, and
Electrobolt.

I was attracted to Enron due to its standing and recognition in the industry,
reputation, globalization, and active market penetration.  In fact, I felt
very fortunate to become the center of the above-mentioned challenges with
three such major Enron Power Projects.

I resigned my then current and very secure position as Senior Project Manager
at Solar Turbines Incorporated (a Caterpillar company), after almost 6
successful years, where I was entrusted with Solar,s major turnkey power and
gas compression projects, worldwide.

My prime objective and priority then, when I accepted to work for Enron were,
clearly, to tackle and continue with the new challenges that Enron offered me
until the year 2003 ) 2004.

However, I am still very optimistic and hopeful that, with your kind support,
I am hoping to receive due consideration of this appeal.

I have already interviewed with Messrs. Steve Meyers and Dave Roberts at EES,
and both believe that they are certainly in need of a strong technical person
like myself, but no confirmation has been received yet.

I have also applied to at least fifteen (15) pertinent positions within EES,
ENA, and Enron Transportation but, unfortunately, have received no response
yet.

Nevertheless, I am most certain that you do not want to loose a knowledgeable
and active member of your team, and I am most confident that you can assist
placing me in a position where I can contribute most positively to Enron,s
continued success and profitability.

Sincerely,

Adel

Attachments:


Note:  Westpath Expansion plans filed at NEB
TransCanada Plans Export Capacity Additions
While it will take another two years for a Mackenzie Valley production and pipeline project to come together, there are signs that a safety margin is developing in Canadian natural gas supplies. Western Canada's established, heavily exploited gas fields can still deliver production growth for years to come, the National Energy Board has been told.
TransCanada PipeLines Ltd. delivered the reassuring word in an application for a year-2002 expansion program dedicated primarily to increasing exports to California and the northwestern United States. TransCanada predicted that production from the western provinces can rise by about 15% to a sustained rate of 20 Bcf/d until at least 2010.
Titled the Westpath Expansion, TransCanada's proposal calls for $48.3 million in new facilities to raise capacity on its British Columbia System by 420 MMcf/d or 16% to about 3 Bcf/d. The route crosses southeastern B.C. from the Alberta boundary to an export point on the U.S. border, where it fills PG&E Gas Transmission.
Along with U.S. traders and power generators, customers lined up for the added service include Vancouver distributor BC Gas Utility Ltd. and Powerex Corp., a subsidiary of BC Hydro that procures fuel for gas-fired power stations.
TransCanada told the NEB that it also expects to file a further expansion proposal in second-quarter 2002 for the B.C. System. The agenda matches growth under way on PG&E. TransCanada acknowledges that its forecast of supplies from the western provinces is more optimistic than the current expectations of the NEB, the Alberta Energy and Utilities Board and the Canadian Gas Potential Committee. The pipeline company said its information goes beyond official public records to include confidential data from customers, its own proprietary studies and updated information on results of last year's boom in gas drilling.
The pipeline has told the NEB that "with continued demand growth, the Western Canada Sedimentary Basin should be able to support increasing levels of gas deliveries of up to 20 Bcf/d at least through this decade." Production from Alberta, B.C. and Saskatchewan averaged an estimated 17.2 Bcf/d in 2001. TransCanada also predicts that "unconventional gas" -- chiefly coalbed methane, and possibly reserves in "tight" or difficult geological formations -- will enter production by about 2006 and eventually reach 4 Bcf/d. But the pipeline projection acknowledges most tight gas "is not currently considered economically available within the forecast horizon (to the year 2025) and current technological assumptions." At the same time, TransCanada said there is also great uncertainty in predicting gas production from coal deposits because there is none yet in Canada.
In the absence of a performance record to guide reserves and production projections, the pipeline says only that "if research and development and economics lead to successful commercial operations, these sources may start contributing supply this decade."
In a separate toll case before the NEB, TransCanada predicts it will be 2008 before northern gas -- from either the Northwest Territories or Alaska -- begins to flow south. An announcement Jan. 14 by the Mackenzie Delta Producers Group and the Mackenzie Valley Aboriginal Pipeline Corp. suggested that TransCanada's educated guesswork is on the money. After nearly two years of preliminary feasibility studies and consultations with northern communities, the group -- Imperial Oil, Conoco Canada, Shell Canada and ExxonMobil Canada -- declared intentions to go ahead on a second planning stage. Next comes the "project definition phase," or $200-$250 million in technical, environmental, commercial and consultation work required to make regulatory applications for field, gas-gathering and pipeline facilities.
Conoco predicted the package will be completed and placed before Canadian authorities in 2003. The group says it intends to tap Arctic discoveries called Taglu, Parsons Lake and Niglintgak to send 1.2-1.5 Bcf/d south to northwestern Alberta. The plan calls for the gas to finish its trip to markets via spare capacity on TransCanada's system.
TransCanada is in step with the group's expectations in suggesting it will take five years beyond 2003 to collect approvals and build the project. The pipeline company's forecast suggests northern production will arrive gradually, going from a starting rate at 500 MMcf/d in 2008 to 900 MMcf/d in '09, 1.1 Bcf/d in 2010, 1.2 Bcf/d in 2011 and 1.4 Bcf/d by 2012. The new forecast still does not predict which northern gas will flow, however.
As a partner in the reborn Alaskan Northwest Natural Gas Transportation Co., TransCanada is teamed up with eight other companies to revive the Alaska Highway pipeline route worked out in the 1970s for production from Prudhoe Bay. In the documents before the NEB, TransCanada says it "recognizes various uncertainties with respect to northern gas supply regarding economics, timing, routing and scope. It's unclear as to which pipeline will be successful in attracting northern gas."


Hey, if no one has told you today that you are the king, let me be the one to
do so.

Peace

Jeff


Lorna,
Thanks.  Yes, we had heard that PG&E was looking to site a "big one" near
Vegas.  It is speculated that this project may well be an anchor for a Kern
River expansion.

Market Intelligence - Enron Transportation Services
From: Lorna Brennan on 10/02/2000 02:28 PM
To: Steven Harris/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON,
Lorraine Lindberg/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, TK Lohman/ET&S/Enron@ENRON, Michelle
Lokay/ET&S/Enron@Enron, Lindy Donoho/ET&S/Enron@ENRON, Lee
Huber/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON
cc:
Subject: New Power Plant in Nevada

Note:  I'm sure you have this on your radar screen, but just in case you
don't...

PG&E Corp. announced that its National Energy Group will develop its first
Nevada project, a 1,000 MW natural gas-fired generating plant to be located
45 miles northeast of Las Vegas. The merchant plant's main purpose is to
supply Nevada, but when it is not needed there, it will add much-needed
supply to the western energy market. The group hopes to begin construction
during the fourth quarter of 2001, with completion expected in early 2004.
"Southern Nevada has one of the most rapidly growing economies in the
country," said Thomas B. King, president of PG&E NEG, West Region. "Because
of its location near Las Vegas, the Meadow Valley project will be ideally
positioned to efficiently serve that demand growth." Including the Nevada
project, PG&E National Energy Group has a total of 4,000 MW in development or
construction in California, Oregon, Nevada and Arizona.


Maybe we can convince his successor tthat Cuiaba I is now "new and improved".
---------------------- Forwarded by Rob G Gay/NA/Enron on 01/19/2001 12:49 PM
---------------------------

OPICNews <OPICNews@opic.gov> on 01/19/2001 12:22:10 PM
To: "'Robert.Gay@enron.com'" <Robert.Gay@enron.com>
cc:

Subject: OPICNews: January 19, 2001

_________________________________________________________

January 19, 2001

Welcome to the Current Issue of OPICNews

SPECIAL ANNOUNCEMENT -

George Muoz To Step Down As Head of Overseas Private Investment Corporation

In Farewell Address:

Announces New Loan Support for Investments in Mexico
Sees Opportunities in Emerging Countries, Cites Latin America as Example
Expects OPIC to Continue Crucial Role in Economic Foreign Policy

Link to Current Issue >>  <http://www.opic.gov/opicnews/0301/home.htm>

Also read about:

- Did You Know: All of OPIC's Internships are now paid positions?
- Upcoming Events
- Jobs at OPIC

**************************************************************************

*********************************************
OPICNews is a free electronic newsletter published by the Overseas Private
Investment Corporation (OPIC), an agency of the U.S. government, to keep you
up to date on OPIC activities as well as important developments in the world
of investing overseas. OPIC's insurance and finance programs support the
growth of U.S. businesses of all sizes, advance U.S. foreign policy,
encourage economic development in emerging markets, and generate U.S. job
and export growth.

If you wish to cancel your subscription, please e-mail the editors at
OPICNews@opic.gov with 'CANCEL OPICNEWS' in the subject line.


FYI....

EnTelligence?
No, its not spelled wrong, it's the name of a prospecting website designed to
deliver market information on existing and potential customers to commercial
trading, mid-marketing, and origination teams.  It also delivers management
reports to analyze Enron,s position within the key industries that we serve.
Presently, commercial groups have multiple methods for acquiring potential
customer information.  This system will standardize their resource tools and
add consistency to their prospecting processes.  EnTelligence combines
information from internal databases such as Global Counterparty, Credit
Aggregation System (CAS), Sitara, Enpower, and ERMS with information from
external data sources such as Dun & Bradstreet and I.H.S Energy Reporter to
identify customer prospects.  By providing the capability to filter and
search by region, industry, company size, or energy consumption levels, the
prospecting process is shortened and the identification of strong prospects
improved. Available reports include Market Penetration, Industry Prospecting,
Comparison Prospecting, Company Profiles, Family Tree, Top Customers, and
Inactive Accounts.  Currently only Natural Gas and Power physical deals are
loaded, but financial deals will be included soon, as well as other
commodities.

Alternatively, you can also access the site from Enron's homepage, under the
Information & Services section, go to the link called "EnTelligence".

To view deal data, a user will need to submit an eRequest and select either:
Trader, Manager, or Sr Manager security.  I would also recommend to add the
following applications to your eRequest: Dow Jones Interactive (DJI), and
Live Link.  DJI is to be able to view market information and Live Link is our
desktop documentation system which enables the user to view a contract from
your computer.

The following attachment is a sampling of a Market Penetration report
displaying a count of companies in the industry code "Electric Services" of
the total number Enron has dealt with and the total number of companies Enron
has not dealt with yet.  Also, a sample of Enron Power Marketing Group's Top
customers for physical deals within the last 12 months.

Give the system a test drive and let us know what you think! Any questions,
please call the EnTelligence helpdesk  at  713-853-3147.  Our website link
is: http://entelligence.enron.com

Thanks,
Avril


Got bounced back first time.  Trying again.
----- Forwarded by Jeff Dasovich/NA/Enron on 10/13/2000 02:49 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	10/13/2000 02:47 PM

		 To: James D Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Susan J Mara/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES,
Sandra McCubbin/SFO/EES@EES, David Parquet/SF/ECT@ECT
		 cc:
		 Subject: Re: Meeting been rescheduled between the governor and Skilling yet?

FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 10/13/2000 02:46 PM -----

	Maureen McVicker
	10/13/2000 02:34 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: skean@enron.com
		 Subject: Re: Meeting been rescheduled between the governor and Skilling yet?

I checked with Skilling's office and there is nothing scheduled.    The
Gov.'s office bascially said "don't call us, we'll call you".

     Maureen


Susan,
Did I mention Wilson?  Coming back to Houston--never for any length given his
love for NYC.
Yup, 6 weeks.  Mixed b/c everytime I get dug in, I get moved.  Actually, I am
establishing a
London base now and am happy with that but my project is on hold and I am a
bit anxious.
The Kiwi girl sits next to me and has to commute from what seems like N
Africa to get to work
so she is sick of the commute.  Well, that's all for now.  I will see you
soon!  Take care of yourself--
well, I really don't worry about you over the course of a week.  We'll catch
up and you can tell
me about your opportunities here when we get together.....Ciao.

Darren

Susan M Scott@ECT
20/11/2000 12:01
To: Darren Maloney/Corp/Enron@ENRON
cc:

Subject: Re: Hello from Soon to be Houston

Hey Darren,

It's funny you mentioned Wilson because I just got an email from him this
morning.  He seems to think he'll be in Houston in the near future as well.
Hopefully, we can all get together and go out or hit steak night for some
cold ones.  So H-town for six weeks hugh?  Why the mixed feelings?  Are they
work related or were you just starting to get settled in London?  Anyway,
I'll have to give Nick a call about the big news...I may have an idea what
it's all about but then again maybe not.  So what's with this Kiwi girl?
Because, I actually have made some progress regarding London.  Turns out
there may be some structuring and originating opportunities for me over there
which would be much more in line with where I'd like my "career" to be going
versus the other opportunities I was being offered.  Either way, I won't be
going over until March or April of next year so it's still a ways off.

As for the guy scene...yes, there has been some courting but nothing really
to speak of.  I've gone out on a couple of dates but I can't say I really see
them going anywhere.  Most of the guys around my age are still pretty
insecure and I'm never going to be the kind of girl that wants to "shape and
mold them" into men...I just don't have the patience or the inclination.  And
the other end of the spectrum (single guys in their late 30's/early 40's) who
seem to hover around like gnats just give me the creeps.  Oh well, as I've
said before "hope springs eternal".

Talk to you soon,
Susan

Darren Maloney@ENRON
11/20/2000 09:53 AM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Hello from Soon to be Houston

Sue,
How are you?  What's new in H-town?  Any new guys on the scene--doing
their 'courting'?  I will be coming back to Houston for 6 weeks in a week!
Actually kind of excited--mixed feelings though.  So, Nick has some big
news that I think would only be right for you to hear from him.  An aside,
if you come to London, I know a fun Kiwi girl that wants to move closer to
work--just looking out for you Susan.  Made any progress on getting over
here?

Hopre you are well.  I'll call you when I get into town.
--Darren


One more time... can you explain the difference between assignment and
novation?  We expected them to assign all of the BT trades to DB didn't we?
-----Original Message-----
From: Jones, Tana
To: Adams, Laurel; Aguayo, Janie; Allen, Kimberly; Anderson, Diane; Bell,
Jean; Bowen, Bob; Brewer, Julie; Cason, Sharen; Cisneros, Celeste; Fischer,
Jason; Garcia, Jorge; Hunter, Larry Joe; Hundl, Kimberly; Murphy, Melissa
Ann; Ornelas, Bianca; Piwetz, Stephanie; Rodriguez, Melissa; Seib, Dianne;
Theriot, Kim; Whalen, Melinda; Bradford, William S.; Brackett, Debbie;
Rohauer, Tanya; Reves, Brant; Ngo, Tracy; Campbell, Lesli; Espinoza,
Veronica; Radous, Paul; Lebrocq, Wendi; Diamond, Russell; Moran, Tom; Sacks,
Edward; Mendoza, Nidia; Conwell, Wendy; Vanek, Darren; Johnson, Rudwell;
Hendry, Brent; Shackleton, Sara; Taylor, Mark; St Clair, Carol; Bailey,
Susan; Cook, Mary; Boyd, Samantha; Bruce, Robert; Panus, Stephanie; Sayre,
Frank; Nelson, Cheryl; Leite, Francisco Pinto; Colbert, Marilyn; Ellstrom,
Diane; Shivers, Lynn; Hare, Bill; Reeves, Leslie; Moore, Jason; Schott,
Samuel; Campos, Anthony; Rodriguez, Bernice; Davis, Frank; Southard, Carrie;
Ebow, Amber; Patel, Adnan; Richardson, Stacey; Lees, Lisa; Landau, Georgi;
Johnson, Cheryl; Sever, Stephanie; Stevens, Mechelle
Sent: 2/27/2001 3:26 PM
Subject: Bankers Trust/Deutsche Bank

Deutsche Bank has gotten back to me and is vacillating on what they want
to do with the Bankers Trust trades.  In particular, they haven't
thought through what they want to do with the online trades, don't like
on online documentation, and now they think they may want to do a full
novation of the trades once they decide how to resolve this.  So, until
we hear back from them (they said in about a week), just let the Bankers
Trust financial trades and master sit.


NO< NO< NO... this is now going to get way to confusing. WHo is going
anyway, just me and you Brian?

You need to make your pick and send out a REVISED FINAL PLAN after hearing
from everyone.

>From: "Brian Constantine" <brianc@saltgrass.com>
>To: "Parks, Joe" <Joe.Parks@ENRON.com>, "Erik Wollam"
><erwollam@hotmail.com>, "Fenner, Chet" <Chet_Fenner@bmc.com>,
><knipe3@msn.com>
>Subject: RE: MAN NIGHT FINAL PLANS
>Date: Tue, 26 Feb 2002 11:22:34 -0600
>
>According to E, that is indeed the case. I will roll the dice and go to
>Tampico (leave any valuables locked securely in your glove box). Set alarm.
>
>-----Original Message-----
>From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
>Sent: Tuesday, February 26, 2002 11:15 AM
>To: Brian Constantine; Erik Wollam; Fenner, Chet; knipe3@msn.com
>Subject: RE: MAN NIGHT FINAL PLANS
>
>yes, according to chet's co-worker
>	-----Original Message-----
>	From: Brian Constantine [mailto:brianc@saltgrass.com]
>	Sent: Tuesday, February 26, 2002 11:14 AM
>	To: Parks, Joe; Erik Wollam; Fenner, Chet; knipe3@msn.com
>	Subject: RE: MAN NIGHT FINAL PLANS
>	Is Thursday night, "Man Night" for "those kinds of men" too???
>
>	-----Original Message-----
>	From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
>	Sent: Tuesday, February 26, 2002 11:09 AM
>	To: Brian Constantine; Erik Wollam; Fenner, Chet; knipe3@msn.com
>	Subject: RE: MAN NIGHT FINAL PLANS
>
>	so your proposing we are going to the stabbing cabin. go to tampico
>		-----Original Message-----
>		From: Brian Constantine [mailto:brianc@saltgrass.com]
>		Sent: Tuesday, February 26, 2002 11:08 AM
>		To: Erik Wollam; Fenner, Chet; knipe3@msn.com; Parks, Joe
>		Subject: MAN NIGHT FINAL PLANS
>
>		Men,
>
>		            The final descision on the night of men will be as follows...
>
>		Where: Tony's Mexican (bring your own clown and accessories, please)
>
>		When: Thursday 2/28 at 7:15 pm.
>
>		We will wait until Zander is able to attend, to try the Tampico place.
>Would rather go w/ someone who knows the drill.
>
>		I am very much looking forward to seeing all of you men.
>
>
>                Pig-N-a-Stinky-blanket
>
>
>	**********************************************************************
>	This e-mail is the property of Enron Corp. and/or its relevant affiliate
>and may contain confidential and privileged material for the sole use of
>the intended recipient (s). Any review, use, distribution or disclosure by
>others is strictly prohibited. If you are not the intended recipient (or
>authorized to receive for the recipient), please contact the sender or
>reply to Enron Corp. at enron.messaging.administration@enron.com and delete
>all copies of the message. This e-mail (and any attachments hereto) are not
>intended to be an offer (or an acceptance) and do not create or evidence a
>binding and enforceable contract between Enron Corp. (or any of its
>affiliates) and the intended recipient or any other party, and may not be
>relied on by anyone as the basis of a contract by estoppel or otherwise.
>Thank you.
>	**********************************************************************

_________________________________________________________________
MSN Photos is the easiest way to share and print your photos:
http://photos.msn.com/support/worldwide.aspx


you i guess.

From: Kim Ward/ENRON@enronXgate on 05/08/2001 04:23 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE:

so who are the drinks on until I do ? . . . . .

 -----Original Message-----
From:  Arnold, John
Sent: Tuesday, May 08, 2001 2:25 PM
To: Ward, Kim S.
Subject: RE:

drinks on tickleknees if you do

From: Kim Ward/ENRON@enronXgate on 05/08/2001 02:03 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE:

you're killing me!!!  I WILL close two of the three!!! and I predict that I
will make $500,000 - on two tiny little gas deals.

 -----Original Message-----
From:  Arnold, John
Sent: Tuesday, May 08, 2001 2:04 PM
To: Ward, Kim S.
Subject: RE:

maybe we need a closer in that seat

From: Kim Ward/ENRON@enronXgate on 05/08/2001 01:56 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE:

he's a cheapskate - I am just sitting here on the edge of my seat with three
customers that won't pull the trigger!

 -----Original Message-----
From:  Arnold, John
Sent: Tuesday, May 08, 2001 1:53 PM
To: Ward, Kim S.
Subject: RE:

how about we celebrate the near completion of your deal and have tickleless
pay for it.

From: Kim Ward/ENRON@enronXgate on 05/08/2001 01:26 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE:

push the summer down about $.03-.04 so I can get one of my deals done and we
could celebrate!

 -----Original Message-----
From:  Arnold, John
Sent: Tuesday, May 08, 2001 1:07 PM
To: Ward, Kim S.
Subject:

wanna get sauced after work?


Please print and add to my Fuel Cell book.  Thanks.  Kay

ps please print a second copy for John however you spell Clawburg.
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/19/2000 03:18
PM ---------------------------

Claudette Harvey@ECT
10/19/2000 01:59 PM
To: Kay Mann/Corp/Enron@Enron, Stephen Plauche/Corp/Enron@Enron
cc: Scott Healy/HOU/ECT@ECT

Subject: CRRA Tax Structure Overview

Per your request.  Call me if you need anything else.

-claude


Flu Shot Clinic Sponsored By Enron

	When: Tuesday, November 13, 2001
	Time: 8:30 a.m.-10:30 a.m.
	Where:  Enron 3WTC Office
	Who: Enron employees, spouses and domestic partners are 					          welcome to participate

Please refer to the following flu shot schedule that is NOT necessarily in alphabetical order.  If you have any questions please contact Kara Ausenhus at x7927.

Times slots are:
8:30 - 9:00
9:30 - 10:00
10:00 - 10:30

Flu Shot Sign Ups
Last Name	First Name	Quantity
Eriksson	Fredrik	1	8:30 - 9:00
Shields	Jeff	2	8:30 - 9:00
Yoder	Christian	2	8:30 - 9:00
Belden	Tim	2	8:30 - 9:00
Bruce	James	1	8:30 - 9:00
Buerkle	Jim	1	8:30 - 9:00
Calger 	Chris	1	8:30 - 9:00
Chatterton	Jill	1	8:30 - 9:00
Clark	Ed	2	8:30 - 9:00
Davidson	Debra	1	8:30 - 9:00
Driscoll	Michael	1	8:30 - 9:00
Elafandi	Mo	2	8:30 - 9:00
Alport	Kysa	1	8:30 - 9:00
Fuller	Dave	1	8:30 - 9:00
Guillaume	David	1	8:30 - 9:00
Gilbert	Jim	2	9:00 - 9:30
Malowney	John	1	9:00 - 9:30
Hall	Steve	1	9:00 - 9:30
Hall	Erin	1	9:00 - 9:30
Heizenrader	Tim	1	9:00 - 9:30
Kane	Paul	1	9:00 - 9:30
Gustafson	Mollie	1	9:00 - 9:30
Mays	Wayne	1	9:00 - 9:30
Meyer	Jim	1	9:00 - 9:30
Meyers	Bert	1	9:00 - 9:30
Miles	Darryl	2	9:00 - 9:30
Mumm	Chris	1	9:00 - 9:30
Nalluri	Susmitha	2	9:00 - 9:30
Nelson	Kourtney	1	9:00 - 9:30
Oh	Jeff	1	9:00 - 9:30
Rance	Susan	2	9:00 - 9:30
Platter	Phil	1	9:30 - 10:00
Rasmussen	Dale	1	9:30 - 10:00
Reyes	Jim	1	9:30 - 10:00
Scholtes	Diana	2	9:30 - 10:00
Williams III	Bill	1	9:30 - 10:00
Sheppard	Kathryn	1	9:30 - 10:00
Axford	Kathy	1	9:30 - 10:00
Slaughter	Jeff	2	9:30 - 10:00
Soderquist	Larry	1	9:30 - 10:00
Steiner	Dave 	2	9:30 - 10:00
Tully	Michael	2	9:30 - 10:00
Badeer	Robert	1	9:30 - 10:00
Van Houten	Maria	1	9:30 - 10:00
Villeggiante	Theresa	1	9:30 - 10:00
Warner	Nicholas	1	9:30 - 10:00
Wente	Laura	1	9:30 - 10:00
Williams	Bill	1	9:30 - 10:00
Semperger	Cara	2	10:00 - 10:30
Van Gelder	Jon	2	10:00 - 10:30
 	Total Doses	64


Welcome to Enron!  You have joined an exciting company at a critical time in
the growth of the energy industry worldwide.  As a part of the Enron team,
you will be at the forefront of that change.

Ours is a dynamic company and it is important for you to understand both the
breadth and the depth of the company you have just joined.  We believe that
"open communication" is critical to the company's ongoing success, as well as
to yours.  As an ongoing part of the New Hire Network, we invite you to
attend the corporate sponsored full day :"Enron at a Glance"  This program
builds upon the orientation you may have received your first day on the job.

Reserve the date!

Date:    Wednesday, July 26, 2000
Time:    8:00 a.m. to 5:00 p.m. (Continental Breakfast at 7:45 a.m.)
Location:   Hyatt Regency - Downtown (Imperial Ballroom)
  1200 Louisiana Street (lunch provided)
  (713)654-1234

You will learn about our various businesses, their products, services,
markets and strategies and how they fit together to make Enron unique in the
energy industry.  You will learn about our regulated and unregulated
businesses, our domestic and international markets, our competitive position
and our organization structure.

Members of the senior management team of the corporation will be there to
review these areas with you personally.  We will also talk about our culture
and values, what sets us apart from other companies in this area, what we
expect of employees and what we offer in return.

Please enroll by leaving a voice mail message at (713) 853-7181.  In the
event you should have any questions, please call Jeff D. Davis at (713)
345-8908.

We look forward to seeing you on the 26th!


Michelle / David:

Frank Stabler called to determine the status of his separation agreement amendment.  Bernadette Etienne, in Mary Joyce's Office, called to say that she received the amendment signed by Frank in their office and wanted to know what to do with it.  Should this document go to the Cash Mgmt Committee for authorization to execute?

Shelly
X57962

 -----Original Message-----
From: 	Cash, Michelle
Sent:	Saturday, December 01, 2001 12:28 PM
To:	Donahue, Jeff; Oxley, David; Pierce, Shelly
Cc:	Walton, Sheila; Hill, Jo Ann
Subject:	RE: Frank Stabler  - Request to Extend Term Date from 12/01/01 to 12/31/01

I don't see this as a problem.  We'll handle it.  Michelle

 -----Original Message-----
From: 	Donahue, Jeff
Sent:	Friday, November 30, 2001 6:30 PM
To:	Oxley, David; Pierce, Shelly; Cash, Michelle
Cc:	Walton, Sheila; Hill, Jo Ann
Subject:	RE: Frank Stabler  - Request to Extend Term Date from 12/01/01 to 12/31/01

By the way, I am confident that Jeff M will support it.

 -----Original Message-----
From: 	Oxley, David
Sent:	Friday, November 30, 2001 6:25 PM
To:	Pierce, Shelly; Cash, Michelle
Cc:	Walton, Sheila; Donahue, Jeff; Hill, Jo Ann
Subject:	RE: Frank Stabler  - Request to Extend Term Date from 12/01/01 to 12/31/01

Michelle,

Is this something we need to check with lawyers on? Seems to make sense if Jeff and Jeff M agree we need to do this.

David
 -----Original Message-----
From: 	Pierce, Shelly
Sent:	Friday, November 30, 2001 5:20 PM
To:	Oxley, David; Cash, Michelle
Cc:	Walton, Sheila; Donahue, Jeff; Hill, Jo Ann
Subject:	Frank Stabler  - Request to Extend Term Date from 12/01/01 to 12/31/01

David / Michelle:

Today, Jeff Donahue requested that Frank Stabler's termination date, as reflected in his separation agreement, be extended from 12/01/01 to 12/31/01 due to his support on the CEG/CEG-RIO divestiture.  If approved, Michelle could you please generate a 2nd amendment to Frank's separation agreement.

Please let me know if you need any additional information.

Thanks,
Shelly
X57962


I just talked to Dad about it.  That is fine.  I should be able to get the $
to you this weekend.

Love,

E

"K. Bass" <daphneco64@bigplanet.com> on 11/17/2000 06:54:31 AM
Please respond to "K. Bass" <daphneco64@bigplanet.com>
To: Eric Bass <Eric.Bass@enron.com>
cc:
Subject: Good Morning

Hi Eric,
?
I have a check for $630 but no local bank.? I  would like to have cash.?
Would you please cash a personal check for this  amount and I'll endorse the
other check over to you?? Sure would appreciate  it.
?
Have a great day.? Love you,  Mom


Thanks, Mark.
Let me know when you've completed your process.

Alaadin referenced WTGs 24, 25, 27, in his e-mail.
These were known to have stopped collecting data for a 10 hour period.
WTG 31 was undergoing maintenance.  The data was collected, but distributed
over four different files
WTG 90 is missing about two hours
Turbines no. 47 & 48 were under major repairs and were not included on the ATP
(reference Alaadin's original correspondence at the end of this e-mail)

In our Final Report, we will emphasize the new VisuPro v4 in July and the
Hirschmann switch retrofit.
These upgrades will minimize many of our existing problems.

Ron

Mark Fisher
04/16/2002 10:08 AM
To: Ronald Brzezinski/EWC/Enron@ENRON
cc: Kevin Cousineau/EWC/Enron@ENRON, Alaadin Suliman/EWC/Enron@Enron, Hollis
Kimbrough/EWC/Enron@ENRON, Patricia Hunter/EWC/Enron@ENRON

Subject: Re: Trent Mesa ATP

Ron,

The data for the Trent ATP is being uploaded and I have taken a quick look.
For the data already uploaded 24,25, and 27 don't look good for the 24 hour
period. I will look for a previous 24 hour period for just those turbines
(though that does not seem to be valid in the context of the test). For
turbines 31 and 90 I will do the same otherwise the loss of 2 hours of data
will drop the recovery  to 92%.

Here are some graphs to look at. Our data loading priority is changing and
that could affect how fast the remaining data will be uploaded.

Mark Fisher

Ronald Brzezinski on 04/15/2002 03:51:45 PM
To: Mark Fisher/EWC/Enron@Enron
cc:

Subject: Trent Mesa ATP

---------------------- Forwarded by Ronald Brzezinski/EWC/Enron on 04/15/2002
04:04 PM ---------------------------

	Enron Realty Advisors

	From:  Alaadin Suliman                           04/15/2002 11:33 AM

To: Mark Fischer/ENRON@enronXgate
cc: Kevin Cousineau/EWC/Enron@ENRON, Ronald Brzezinski/EWC/Enron@ENRON,
Stanley Tehee/EWC/Enron@Enron

Subject: Trent Mesa ATP

Hi Mark,
I did the ATP for SCADA system in Trent on April 13th at 11:40am (CT) 4:40pm
(UTC), it lasted for 24hours. I collected the database files from all the
turbines.
The following is the observations for the data collected:
Turbines no. 47 & 48 were under major repairs and were not included on the
ATP, so total number if turbines is 98..
During the night of the test turbines no. 24,25, & 27 stopped collecting
data, and I reset Visupro application in the morning, so there is a 10 hours
worth of data lost, I suggest we shift the starting time of the test for only
these turbines so we can get 24hours of data.
Turbine no. 31 has some repairs done to it during the night of the test and I
didn't have notice of these repairs, I managed to capture the data for the
24hours test in four seperate files, two files minana.db and minana_2.db for
the 10 minute average and statdat.db and stadat_2.db for the status. I
believe there is 2 hours worth of data still missing.
Turbine no. 90, kept rebooting in the morning and I had to go to the turbine
and restart the PC, it worked fine for the rest of the day but there is 2
hours worth of data missing.
Other than that the data looks fine for all the rest of the turbine.
I am transfering the files right now to your folder on the transfer server,
the folder name is SCADA ATP Trent, and also I will UPS to you by overnight
delivery the data on a CD.
If you have any questions please feel free to call me at 661-332-6348, I will
be in Indian Mesa site until Saturday.
Regards,
Alaadin


Cynthia -

Brian asked me to forward to you Enron's comments on the nondisclosure
agreement previously forwarded for review.  I have attached a version of your
agreement marked to reflect Enron's comments.

Please review the attached at your convenience and feel free to contact me
directly with any comments or questions you may have.

Thanks for your patience.

Mark
Senior Counsel, EWS
Phone:     713-345-8897
Facsimile: 713-646-3490
E-Mail:      Mark.Greenberg@enron.com


Please see the attached move request and note that THERE WILL BE NO COMPUTER EQUIPMENT MOVING:

Please contact me with any questions or concerns.

Thanks Tjae
x35800


let me know when you want to go out.  i can go out any night.


The macro in this file will query all official books for given Portfolio and
Book codes.  Use it to make sure all your postid's that need to be, are
officialized each night.  Thanks.

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/17/2000
12:19 PM ---------------------------

	Enron North America Corp.

	From:  Dutch Quigley                           10/17/2000 12:05 PM

To: Jeffrey C Gossett/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, William
Kelly/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT
cc:
Subject: Post ID file

To run this file all that has to be done is enter the date and have the
Portfolio and Book CD entered in also.
Information should only be entered into the yellow areas.

Let me know if any one has any questions.

Dutch
3-9257


The new P&L is in the following directory under NT Explorer:
M:/Electric/24hour/application/PandLNew.exe.  There have been many great
ideas and suggestions on how to handle the new reorg.  There is one thing to
remember in all of this, we are still a team and even though you have your
own p&l for whatever region that you are responsible for we are all still
responsible for Enron.  Below is a list or guidelines on how to handle the
different situations.

The hourly books are Northeast Hourly, Midwest Hourly, Southeast Hourly, and
Ercot Hourly.  There is no more Short Term Hourly or Short Term Hourly
Management.

1. Any incremental deals that are done will go into the P&L and EnPower under
the SINKS region and at the end of the shift there will be an annuity done
between the appropiate regions.  For example:   AEP-TVA-SOCO  Everything will
go in the Southeast Hourly book.  Then Southeast Hourly will do an annuity to
give Midwest Hourly their share.  Everything will be split down the middle.

2. Any positions that we inherit will go into the region where the position
is and then there will be a Book Transfer done to balance everyone.  For
example:  ENWC is long 100 mw's.  The transmission and sell will go in the
Midwest Hourly P&L and Book in EnPower and then a Book Transfer will be done
between Midwest Hourly and whatever book that the position is in.

3. We had a situation today where Hourly Northeast wanted to buy the ENWC
position to take to PJM and his bid was better than the market.  The correct
way to handle this would be that Hourly Midwest  to sell Horly Northeast the
power at ENWC. Hourly Northeast   would put a buy from Midwest Hourly, the
transmission, and the PJM sell in the Northeast Hourly book  and P&L.
Midwest Hourly would put a sell to Northeast Hourly in their P&L and book and
then would do a Book Transfer with the responsible book of the ENWC position.

It is very important that we learn EnPower like the back of our hands.  Tresa
Allen's group will no longer baby sit us, it is now our responsiblity.  It is
crucial that you understand what book that positions are in,  Some positions
could be in multiple books. Corry has told me that the scheduler's will try
to put what books are responsible for what positions on their lotus notes
that they put out.  You can also look the deals up in EnPower.  EnPower is a
process that shows how acurate you are and whether or not you can pay
attention to detail.

If you have any questions please let me know I am available 24/7.

Thanks
Kayne


Enron Seminar Series in FinanceJones Graduate School of Management, Rice
UniversityLuigi ZingalesUniversity of Chicagowill give a seminar at the Jones
School on Friday, April 27,? "The Great Reversals: The Politics of Financial
Development in the 20th Century."The seminar will begin at 3:30 in Room 105.A
pdf of the paper is available through the seminar website:
http://www.ruf.rice.edu/~jgsfss/.

Fu-Kuo Albert WangAssistant ProfessorJones Graduate School of Management --
MS 531? Rice University? 6100 Main Street? Houston, TX 77005? Phone:
713-348-5404? Fax:???? 713-348-5251email: wangfa@rice.eduhttp
://www.ruf.rice.edu/~wangfa/


Executive Summary
Discussions continue today over bill AB1X, focus will be on price and term.
New legislation introduced today whereby the state will try to save the
utilities from bankruptcy by taking ownership of utilities' hydro assets in
exchange for rate increases.
Wednesday, state receives bids from auction, rate ranges are expected to be
between 5.5 and 8.0 cents per kilowatt hour.
Mid week, audit  findings will be released; audit expected to show PG&E's
utility subsidiary handed over $5B to the holding company. The holding
company used $4.4B to pay shareholder dividends and buyback stock.
State commissioned study to see who would benefit more in a possible
bankruptcy scenario.  Bankruptcy still very possible for both
      companies.
Davis concerned about possible ballot issues and how those may effect futue
solutions or "bail out".

Legislation
There will be continued discussion regarding bill AB1X in the Senate today.
The discussion will focus on the rate cap of 5.5 cents per kilowatt hour as
well as the term.  Assemblyman Keeley, the author, indicated that he believed
5.5 cents was "a fantasy" and impossible to obtain.

Today, Assembly Speaker Bob Hertzberg, D-Sherman Oaks and Assemblyman Fred
Keeley, D-Boulder Creek will introduce legislation whereby the state
would temporary or permanently take both PG&E and Edision's hydroelectric
facilities or transmission lines (or both) in exchange for keeping the
utilities out of
bankruptcy.  The state would allow PG&E and Edison to impose rate increases,
however, the rates would not rise beyond the hikes approved earlier this
month by the CPUC as an emergency surcharge.  The money collected from
consumers would go toward paying off their current debt and the state
would then enter into long-term contracts with power generators.  Under the
bill, the state of California would control 10% of all California's
electricity.  As you
can imagine, this legislation has not received unanimous praise.  According
to recent corporate filings, PG&E's hydroelectric plants alone would be
valued
between $3 and $5 billion.  This amount just happens to be what Davis
estimates to be the final amount of money the state will have to guarantee
once
the audit of the utility companies is released and the political pressure is
escalated on the parent companies to absorb some of the $12 billion in debt.
Davis
is telling people that he thinks the audit will show the state should help
with about $4 billion in debt, while the utilities, of course, say the full
$12 billion should
be covered.

On Wednesday, state officials will see the results of sealed bids from energy
suppliers for long term contracts and see how close to reality their
effort to keep utility rates unchanged for consumers will come.  Davis
insists there are already several bids for his 5.5 cents per kilowatt hour
ceiling, though few
agree with his opinion.  A handful of smaller, independent electricity
providers with about a 30% share of California power market, indicated Sunday
night they would come down to "less than eight cents" or less than half of
what they currently charge, in return for the stability of long term
contracts.  Because
consumers pay about 6.5 cents per kilowatt hour for electricity under current
PUC rules, any hope California has to "work off" the back debts for these
utilities lies
in hitting something very close to Davis' price cap, without falling back on
higher prices for consumers.  The level of bids will be particularly
important since bond
rating agencies moved to put the state of California on a Credit watch on
Friday, worried that there was no obvious long-term repayment plan for the
billions of
dollars they are on the hook for spending to keep the lights on in the state.

Utility's Audit
By the middle of this week, California auditors will release their findings
about how much money PG&E and SoCal Edison actually owe to institutions
outside their own holding company structure. This will define the limits of
what the state will guarantee, if they guarantee any of the debt. The truly
explosive
part of the audit may be its findings that the two companies used billions of
dollars from consumers to buy back their own stock in recent years.  A
source with
knowledge of the audits said the audit is expected to show that in the last
three years, PG&E's utility subsidiary handed over about $5 billion to the
holding
company. Of that total, the holding company used $4.4 billion to pay
shareholder dividends and buyback shares of its stock.

Another finding from the audit shows that state helped caused the current
power crisis when regulators, at the time of deregulation (under the
direction of
Former R-Gov. Pete Wilson), forced the two utilities to sell at least half of
their power-generating plants.  Auditors are expected to say that if the
utilities
still owned all these plants, electricity would cost only 7 cents a kilowatt
hour, compared with over 30 cents an hour on average in December and January.

Bankruptcy
The threat of bankruptcy is still very real for both utilities.  Senior
advisors said that these utilities were on the path often followed by utility
companies that
ended in bankruptcy.  As all the parties involved hunker down for another
intensely political week, they all remain determined to avoid bankruptcy, but
to push
this as close to the brink as possible in the hopes of squeezing out an
advantage.  Under such conditions, the risks of one or more of the players
fumbling and
triggering the great unknowable outcome of bankruptcy, is still quite high.

California's political leaders order a series of independent analyses to
determine who would suffer most in a case of bankruptcy, the state or the two
utilities.
The short answer was that no one has any idea.  Below are the findings of the
report and some of the possible scenarios that would face a bankruptcy judge:

1) Would the companies be eligible for Chapter 11 style temporary bankruptcy?
Some of the advisors thought that PG&E and Edison's finances were so
bad that Chapter 11 style temporary bankruptcy may not even be an option.
Advisors said that a bankruptcy judge might take a good look at the corporate
debt load and decide that reorganization would do no good and order the
companies into full liquidation.   This would most certainly be guaranteed
chaos.
2) Could the bankruptcy court actually force the PUC to raise the price of
electricity to consumers? The legal basis for passing on rate increases to
consumers is a lot less solid than originally thought, particularly if there
is widespread public outrage directed at the electricity companies.   And
there is still the
question of the unilateral power of a bankruptcy judge.
3) If the bankruptcy judge takes his job of protecting corporate assets
seriously and finds that PG&E and Edison cannot afford to buy electricity,
he could order them to stop buying it and thus lead to massive power outages.
4) If the utilities go into bankruptcy, the first creditors in line would be
the lenders and bondholders with collateral pledges.  The state could become
almost the last creditor in line as it is just another electricity supplier
(one of the reasons why suppliers won't sell electricity on credit to these
companies now).
5) If the two companies went bankrupt, it would be the largest bankruptcies
in history, straining just about everyone involved in the process.
6) The corporate approval allowing the parent company to segregate assets
from the utility by the FERC for PG&E and already in place for Edison
may be far less effective than the utilities or the ratings agencies
currently think. This is particularly true if this week's audit shows the two
corporations transferring
billions of dollars in the last few years into stock buybacks and shareholder
dividend payments.

Davis
Opinion polls show that Governor Gray Davis is getting high marks for his
job, and the utilities are increasingly viewed as the culprits.  One of Davis
concern's is, according to a senior official in the Governor's office, that a
deal is carved out that triggers a popular ballot initiative which is so
anti-utility and
anti-business that it cripples future growth in the state.  According to a
senior official, "No one thought Howard Jarvis and his property tax
initiative would
succeed in destroying our education system, but he did, with one just ballot
line and a lot of popular revulsion. The threat of direct, popular action
is at least as large now as then."  Consumer advocate Harvey Rosenfield is
already threatening to draw up a ballot initiative at the first sign that
individual
electricity consumers are being asked to help the utility companies repay
their debt through higher rate-payer bills.  This official goes on to say,
"The
anger at utility companies is so high here, that almost anything Rosenfield
could think of would pass and we couldn't do anything about it."  This threat
has
begun to complicate the one escape route on the debt front that had always
appeared wide open to political leaders -- floating a bond issue or a
guarantee
for the money owed to institutions outside the corporate holding structure,
and then letting the companies work that off with profits over the next
several years.


please block off on my calendar
----- Forwarded by Steven J Kean/NA/Enron on 12/04/2000 07:35 AM -----

	Rosalee Fleming
	12/01/2000 02:56 PM

		 To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Baxter/HOU/ECT@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeremy Blachman/HOU/EES@EES, Philippe A Bibi/HOU/ECT@ECT, Raymond
Bowen/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT, Harold G
Buchanan/HOU/EES@EES, Rick Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON,
Diomedes Christodoulou/SA/Enron@Enron, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Cox/Enron
Communications@Enron Communications, David W Delainey/HOU/ECT@ECT, James
Derrick/Corp/Enron@ENRON, Steve Elliott/Enron Communications@Enron
Communications, Jim Fallon/Enron Communications@Enron Communications, Andrew
S Fastow/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Ben F Glisan/HOU/ECT@ECT,
Kevin Hannon/Enron Communications@Enron Communications, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rod Hayslett/FGT/Enron@ENRON,
Stanley Horton/Corp/Enron@Enron, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/NA/Enron@Enron,
Louise Kitchen/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Kenneth
Lay/Corp/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, Dan Leff/HOU/EES@EES,
Danny McCarty/ET&S/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon/HOU/ECT@ECT,
Mark Metts/NA/Enron@Enron, Mark S Muller/HOU/EES@EES, Cindy
Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES, Ken Rice/Enron
Communications@Enron Communications, Matthew Scrimshaw/LON/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Jeffrey Sherrick/Corp/Enron@ENRON, John
Sherriff/LON/ECT@ECT, Jeff Skilling/Corp/Enron@ENRON, Marty
Sunde/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT, Thomas E White/HOU/EES@EES, G G
Garcia/NA/Enron@Enron, Marcia Manarin/SA/Enron@Enron, Susan
Skarness/HOU/ECT@ECT, Stacy Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Beena Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K
Heathman/HOU/ECT@ECT, Sharron Westbrook/Corp/Enron@ENRON, Kay
Chapman/HOU/ECT@ECT, Molly Bobrow/NA/Enron@Enron, Rosane
Fabozzi/SA/Enron@Enron, Stephanie Harris/Corp/Enron@ENRON, Bridget
Maronge/HOU/ECT@ECT, Nicki Daw/NA/Enron@Enron, Inez Dauterive/HOU/ECT@ECT,
Carol Ann Brown/Enron Communications@Enron Communications, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cindy Stark/Corp/Enron@ENRON,
Mary E Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maureen
McVicker/NA/Enron@Enron, Joannie Williamson/Corp/Enron@ENRON, Vanessa
Groscrand/Corp/Enron@ENRON, Suzanne Danz/Corp/Enron@ENRON, Tori L
Wells/HOU/ECT@ECT, Cathy Phillips/HOU/ECT@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT@ECT, Dolores
Fisher/NA/Enron@Enron, Kathy McMahon/Enron Communications@Enron
Communications, Karen Owens/HOU/EES@EES, Dorothy Dalton/Enron
Communications@Enron Communications, Mercedes Estrada/Enron
Communications@Enron Communications, Christina Grow/Corp/Enron@ENRON, Lauren
Urquhart/LON/ECT@ECT, Sherri Sera/Corp/Enron@ENRON, Katherine
Brown/Corp/Enron@ENRON, Liz M Taylor/HOU/ECT@ECT, Judy G Smith/HOU/EES@EES,
Peggy McCurley/HOU/ECT@ECT, Marsha Schiller/HOU/ECT@ECT, Fiona
Stewart/LON/ECT@ECT, Jana L Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Connie Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tammie
Schoppe/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Jennifer Burns/HOU/ECT@ECT,
Sharon Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES,
Kerry Ferrari/LON/ECT@ECT, Carol Moffett/HOU/EES@EES, Jennifer Adams/Enron
Communications@Enron Communications, Leah Rijo/Enron Communications@Enron
Communications, Lucy Marshall/Enron Communications@Enron Communications,
Kathy Campos/GPGFIN/Enron@ENRON, Julie Armstrong/Corp/Enron@ENRON, Kathryn
Greer/HOU/EES@EES, Mrudula Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brenda
Castillo/NA/Enron@Enron
		 cc:
		 Subject: The Enron Corporate Policy Committee Retreat

Ken and Jeff have decided that the Enron Executive Committee Retreat will
include only the Corporate Policy Committee this year.  (See list of members
below.)  You may be holding the timeframe of January 16-18, 2001 on your
calendar, which you can now free up if you are not on the committee.

The location of the retreat is under consideration.  When a decision is made,
we will get the information to the members of the Corporate Policy
Committee.  Departure for the retreat will be early afternoon on Tuesday,
January 16 with return to Houston late afternoon on Thursday, January 18.

Please don't hesitate to call me if you have any questions at 713-853-6088.

Rosie

Enron Policy Committee

Baxter, Cliff
Causey, Rick
Derrick, Jim
Fastow, Andy
Frevert, Mark
Hannon, Kevin
Horton, Stan
Kean, Steve
Lay, Ken
Pai, Lou
Rice, Ken
Skilling, Jeff
Whalley, Greg


MWHRs =  4 Years and 1 quarter Flat so that equals approximately 37,250 Hours

The difference between 102 (the new amount) and 94.5 (the old average flat amount) = 7.5 MW * 37,250 HRs = 279,375 MWhrs

I was under the impression that a 100 MW flat amount would equal $3 million value (a $16 difference between market and $21.50).  This would indicate the 102 equals a $4,100,000 valuation.  As to the discount in value due to the flexibility and delivery point I am looking to you for leadership.  If my assumptions are wrong then let me know.

Stewart


Leaders:
?
Three things:
??? ???
Here is this week's material.? There's  probably way too much stuff to use it
all, so I wouldn't even try.? Pick  out the things and questions that you
feel are the most important and will hit  your group the best.? Just remember
that this material is only one part of  what needs to be happening in your
NEON group.? The getting to know and  share with each other is critical--use
one of the icebreaker  activities you have (even if it seems cheesy) or
somehow ask questions and get  the group talking with each other or about
themselves.
?
See the note above the material about the CD in  your NEON box.
?
Finally, I haven't let you know about the new  leaders we have working with
us, specifically with Carol Poe and the Backors in  NEON Silver--Leslie and
Debbie Bills!? Welcome Debbie and Les!
?
Keep up the great work!
?
Bobby
 - NEON Measuring Success Lesson 2.doc


Charles -- as our new ERCOT person!!, you should probably visit with Thane about these meetings and ERCOT happenings, in general.  Thanks!

 -----Original Message-----
From: 	Twiggs, Thane
Sent:	Wednesday, November 14, 2001 12:09 PM
To:	Ryall, Jean; Steffes, James D.
Cc:	Nicolay, Christi L.
Subject:	FYI PUCT/ERCOT Dates

Here are the meetings that I have scheduled for the balance of November at ERCOT/PUCT:

November 16  Protocol Revision Subcommittee.  No voting seat, however, any attending can vote, limited to one vote per company.

November 19 -- ERCOT Board Meeting.  No Voting Seat, (until Jean wins one next month).
		TEX MEX will be discussed, however, not in detail.

November 20 -- PUCT Open Meeting

November 26 -- Congestion Management Working Group -- Development of the TCR. I chair the group, however I will not continue to do after leaving Enron.

November 28 --  There is a capacity auction rulemaking at the PUCT.  This will be to determine the rules under which the September 2002 and subsequent auctions will take place.

11/20/20 Agenda  http://www.puc.state.tx.us/openmeet/112001.cfm

11/19 Board Agenda and Information  http://www.ercot.com/calendar/2001calendar/Attachments/BOD11192001_attachmentlist.htm

November 26 -- Information  Presentation to TAC and Draft Protocol


Couple More:

1) I heard a rumour that we will not be sending confirms when we relaunch. Is this correct? (I hope not)

2) Have you thought more about the PA's without Buyer name issue?

Dave


New NCL Juniors,

Our first meeting of the year will be held Monday, March 25th from 7pm-8pm
at:

St. Luke's UMC, Room B143 (The Parlor)
3471 Westheimer at Edloe
Houston, TX  77027
(713)-622-5710

I'm in the process of adding you all to our Yahoo! Calendar, so you should
be receiving a meeting reminder next week.  All future meeting times will be
sent to you through our NCL Juniors Yahoo! Calendar.

See everyone on the 25th!

Beth Wherry
Continental Airlines, Inc.
Sr. Analyst, Corporate Programs
> * Work: (713) 324-9722
> *  Fax: (713) 324-6378
> * Email: bwherr@coair.com
>


Tricia Tlapek has been bugging me about this for two weeks now so here it is.  maybe you can use it.

Kim

 -----Original Message-----
From: 	"PATRICIA TLAPEK" <tti@rcnchicago.com>@ENRON [mailto:IMCEANOTES-+22PATRICIA+20TLAPEK+22+20+3Ctti+40rcnchicago+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, August 20, 2001 9:17 AM
To:	Ward, Kim S (Houston)
Subject:	Fw:

Kim,
See below....this is from the guy who has the www.structurallogic.comsite...
Forward on to Phillip and whomever you think is  interested.
T.

----- Original Message -----
From: JB
tric; Dan Lasater
Sent: Monday, August 20, 2001 9:05 AM
Sure enough, natural gas rallied over 20% the  following week. This may be no more than a short covering rally, as double  bottomsare always to be viewed with suspiciously. Thus far, in the month of  August, natural gas has taken out both the July lows and the July highs forming  an outside bar on the month. Will need to monitor the 2nd  qtr close of 2001closely to gauge whether the July and August double bottom  is going to hold or not. At the very least, the double bottom makes a   fantastic momentum low, if not the actual intermediate bear market price  low.

 - 2nd qtr 2001 close at 3096.gif


Dear Matthew,

HB 1877, by Rep. Patricia Gray, has been set on the House of
Representatives Calendar for debate TODAY, Wednesday, May 09, 2001.

This bill would protect your right to choose where you purchase your
contact lenses by providing for automatic release of contact lens
prescriptions upon final fitting and allowing for a faxed copy of your
prescription, instead of requiring a hand written original.

Legislators need to hear from contact lens wearers in support of this
important bill IMMEDIATELY.

Please call your state representative's office now and let them know:
1) You are a constituent of their district.
2) You would like them to vote for HB 1877.
3) You support automatic release of contact lens prescriptions, and a faxed
copy instead of an original handwritten one because it protects your right
to choose where you buy your contact lenses.

Here is your legislator's information
Beverly Woolley
Phone: 512-463-0696

We know this is short notice, but at the end of legislative session things
change quickly.  Thank you in advance for your time and effort.

Sincerely,

1-800 CONTACTS
Texas@1800contacts.com

If you would like to be removed from our reminder list, please reply to
this message with 'UNSUBSCRIBE' in the subject.


FYI.
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/14/2000 12:19
PM ---------------------------
From: Cheryl Lipshutz@ECT on 11/14/2000 11:59 AM
To: Roseann Engeldorf/Corp/Enron@ENRON
cc: Ben Jacoby/HOU/ECT@ECT, Brett R Wiggs/SA/Enron@Enron,
fporto@andrews-kurth.com, Gina Karathanos/Corp/Enron@Enron, Jordan
Mintz/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Lisa
Alfaro/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Lisa
Bills/Corp/Enron@ENRON, Mary Cilia/NA/Enron@Enron, Mary
Kimball/NA/Enron@Enron, Matthew F Gockerman/HOU/ECT@ECT, "Mark Thurber"
<MTHURBER@skadden.com>, Nancy Muchmore/NA/Enron@Enron, Peter N
Anderson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, pseve@andrews-kurth.com,
Sheila Tweed/HOU/ECT@ECT, Tammy Brennig/NA/Enron@Enron, "ROB TAYLOR"
<TAYLR@andrews-kurth.com>

Subject: Re: Important - Second Closing - LM6000s

Please keep me updated as well on the expected timing for bringing the LM
6000s into the new So American structure.  It needs to be done soon in order
to attract the club banks by year end.  Thanks!

	Roseann Engeldorf@ENRON
	11/14/2000 11:54 AM

		 To: Brett R Wiggs/SA/Enron@Enron, Ben Jacoby/HOU/ECT@ECT
		 cc: "ROB TAYLOR" <TAYLR@andrews-kurth.com>, Lisa Bills/Corp/Enron@ENRON, Kay
Mann/Corp/Enron@Enron, Lisa Alfaro/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tammy
Brennig/NA/Enron@Enron, Mary Kimball/NA/Enron@Enron, Mary
Cilia/NA/Enron@Enron, Cheryl Lipshutz/HOU/ECT@ECT, Peter N
Anderson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, "Mark Thurber"
<MTHURBER@skadden.com>, Jordan Mintz/HOU/ECT@ECT, fporto@andrews-kurth.com,
pseve@andrews-kurth.com, Gina Karathanos/Corp/Enron@Enron, Kay
Mann/Corp/Enron@Enron, Sheila Tweed/HOU/ECT@ECT, Mary Kimball/NA/Enron@Enron,
Matthew F Gockerman/HOU/ECT@ECT, Nancy Muchmore/NA/Enron@Enron
		 Subject: Important - Second Closing - LM6000s

Ben and Brett -

I do not know your target timing to move the LMs; however, you need to be
aware that funding from the bank structure to pay for them requires that we
go through a full second closing process.  It may take several days to pull
together all the documents and information needed for this closing - we will
have to deliver Brazil counsel opinions, Cayman counsel opinions, another A&K
opinion and deliver a multitude of other corporate and security documents too
boring to list here.

So - as soon as:

1)  the break-out contract is ready;

2) GE is on board; and

3) ESA, ENA and WLB have signed off on the purchase option transfer
document(s) (which must include Matt,  Mary Kimball and Mary Cilia
sign-off),

we can finalize the "second closing" docs for the bank - we have already
started on them, but it will take a focused effort to finish them and receive
all signatures necessary.

Ben and Brett must let Rob Taylor of A&K - at 713-220-4436 know when the
above items are complete - he will need to coordinate with the team to push
for final docs.

Lisa Alfaro - will you please coordinate with Rob Taylor at the above number
and Frederico Porto at A&K in Dallas at 214-659-4447 on the Brazil-based
issues?

I also ask that Ben and Brett be available to the deal team to consult and
answer questions as necessary.

I am going to be out of town for a week on another year-end deal and will
check my voice mails regularly.   My assistant, Melba Trevino at 835-7664
will have my contact details.

Please call Rob, me or Tammy (345-3870) with any questions.

Rose


It is amazing and yet not surprising how much Enron has accomplished in the
first six months of this year. You continue to make it happen.  We recognize
that you work hard every day to accomplish Enron,s business goals, and we are
pleased that many of you have shared in the company,s financial success
through Enron stock options.

As you may know, the current employee stock option program (also known as the
All Employee Stock Option Program or AESOP) began in 1994 and provided value
to participants through 2000.  Employees who have participated in this
program from its inception have realized a 1,119% increase in the value of
their stock options (assuming a stock price of $70) over the life of the
program.

Enron stock options are a valuable part of your total compensation package
and a contributing factor to your performance and to Enron,s continued
success.  Therefore, the Enron Executive Committee and the Compensation and
Management Development Committee of the Enron Board of Directors have decided
to continue to offer stock options as a part of your compensation package.

On May 1, 2000, the Committee approved an employee stock option program for
calendar years 2001 - 2005 (EnronOptions ) Your Stock Option Program).  It is
expected that EnronOptions ) Your Stock Option Program will be granted,
effective on or about December 29, 2000, for those employees who are eligible
on that date (please see note below).  The new program, which is subject to
final approval by Enron,s Board of Directors, is as follows:

? EnronOptions ) Your Stock Option Program will give stock options to
eligible full-time and part-time regular employees in domestic and
international companies/locations.
? The grant of non-qualified stock options will equal 25% of annual base
salary (5% of annual base salary for each year of a 5-year period) on
December 29, 2000. (Salary calculation and value may vary in some
international locations.)
? The Board will grant the stock options on December 29, 2000.
? Eligible employees hired in subsequent years will receive a prorated grant
of stock options.

Why commit your talent and energy to Enron?  EnronOptions ) Your Stock Option
Program, among other good reasons( that,s why.

In the coming weeks, you will be receiving more details about EnronOptions )
Your Stock Option Program.  To provide information and answer your questions,
we will introduce a special link on the Human Resources web-site, host
several eSpeak sessions and continue to communicate with you on a regular
basis.  In the meantime, if you have immediate questions, please contact your
Human Resources representative.

Note: In addition to final approval by Enron,s Board of Directors, granting
of options will be subject to New York Stock Exchange and state and federal
regulatory requirements.  It is expected that EnronOptions ) Your Stock
Option Program will be available to most Enron employees; however, some Enron
companies, employees may not be eligible due to legal, accounting, tax, labor
or business issues.  As you know, Enron changes to meet the needs of the
marketplaces we serve.  Given that need to change, we will continue to refine
the eligibility for EnronOptions ) Your Stock Option Program and will
communicate more details throughout the year with final eligibility being
determined on December 29, 2000.


Better yet, who is handling them in my presence?  Thanks for the position
summary.

From: Sara Shackleton on 05/30/2000 09:02 AM
To: Rod Nelson/HOU/ECT@ECT
cc:
Subject: Credit Derivatives

Rod:  Further to my recent memo, the Tokheim debt is being transferred to DLJ
(and we owe Deutsche Bank for the unwind of the loan swap).  Sara

P.S.  Who will handle credit derivatives in your absence?
----- Forwarded by Sara Shackleton/HOU/ECT on 05/30/2000 09:00 AM -----

	Sara Shackleton
	05/18/2000 09:46 AM

		 To: Rod Nelson/HOU/ECT@ECT
		 cc:
		 Subject: Credit Derivatives

Rod:  attached is a recap of current credit derivatives trading in Jeff K.'s
group.  I don't know about activity during Shari's oversight but I hear it
was minimal.  How does this compare with Enron Credit.com?  Also, do we want
agreements with other trading counterparties (e.g., DLJ Capital Funding,
Inc.)?  Are Jeff and Paul calling credit before trading?  Please call to chat
when you have a chance.  Thanks.  Sara


...please visit our website www.david.se and see
what happened in Milano during the furniture
fair back in April.
Stay cool, have fun!

David design

p.s Allow some seconds for the slideshow to load. Music
by Strange Voices from Sweet Mother Recordings.
Our site is undergoing an extensive re-design. We will keep
you updated when ready.

----------------------------------------------------
David design AB, Stortorget 25, 211 34 Malm", Sweden
tel +46 (0)40 30 00 00 fax +46 (0)40 30 00 50
e-mail info@david.se website http://www.david.se
----------------------------------------------------
New showroom/shop in Stockholm at Nybrogatan 7.
----------------------------------------------------


I'll also need copies of your receipts for the Treasurer.  thx.

 -----Original Message-----
From: 	Sturr, Kathy
Sent:	Wednesday, December 12, 2001 10:43 AM
To:	Hyatt, Kevin
Subject:	Enron Kids

Kevin,

You owe me $255.90 for the 3 children that I shopped for.

If you want you can bring me the labels and pick up the bags.

Kathy


Since we are all moving at different times, we have declared this week to be "causal week"
	to accomodate cleaning out files, desk, etc.

	The more we clean out now, the easier it will be to move to our final destination.

	We appreciate everyone's efforts to accomodate the move as best we can.
	Please let Donna, Sheila, Rick, Steve, Brad or I know if you have any questions.

	Thanks. Lynn


The New Year has arrived and we really to finalize a lot of the work with regards to moving into NETCO.  Obviously we still do not have a deal but the deadline is approaching and preparations need to be finalized.

The main areas to focus on over the next week are:-

(i) 	Re-start/Integration Plans (due on Jan 7)				To be forwarded to Louise
	These plans need to be detailed and show clear detailed timelines and detailed responsibilities for getting us up and running as soon as possible.
	The current restart date is January 21, 2001 but may be pushed forward to January 14, 2002.
(ii)	Budget (due Jan 3, 2002)						To be forwarded to Faith Killen
	First year budget to include all start up costs (some of which can be amortized)
(iii)	Seating Plans								Tammy Shepperd to co-ordinate
	We need to start the planning process for seating as we will be living on floors 5 & 6 of the Enron South building.
	I have asked Tammy Shepperd to commence the seating plan and we would look to start the moves as soon as possible but with a large number occuring around January 11,2002.
(iv)	Due Diligence
	We continue the process with two new companies this week (Wednesday and Thursday). Andy Zipper is taking the lead for the company arriving on Wednesday, please help him with his requirements.

I would ask that both John and I are notified of any changes to the Netco personnel list on a timely fashion and that the list is maintained on a continual basis.  Please forward all alterations to Jeanie Slone who has responsibility for the master list.

Communication - I believe that the New Year combined with a internal communication issues may be a good time to review what we want to say on Netco and what our policies are.  I am asking David Oxley to co-ordinate with all of you on this.  I know a lot of you believe that we need to only communicate once we have retention programme in place for the estate which may be a good idea but we we need to make sure that we lose as few people as possible.

If you are unavailable this week, please ensure you delegate this work out.

Happy New Year

Louise


Please remind everyone that works for you that the book EPMI-SOUTHEAST is no
longer in use.  No transactions should be entered with this book.

Thanks,
Stacey


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


Have you been in contact with this company?   The phone numbers I have no
longer work? Are they still in business?  Please advise?

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


FYI

 -----Original Message-----
From: 	Saunders, James
Sent:	Monday, November 26, 2001 6:11 PM
To:	Hayslett, Rod
Cc:	Chandler, Bob; Zahn, Gary; McEllin, David; Walters Jr., Harry; Sutton, Lisa
Subject:	FW: Bank Accounts

Rod - fyi

 -----Original Message-----
From: 	Chandler, Bob
Sent:	Monday, November 26, 2001 5:38 PM
To:	Saunders, James
Cc:	Zahn, Gary; McEllin, David; Walters Jr., Harry
Subject:	Bank Accounts

Here's the bank accounts list.  I've asked the guys to re-verify the account numbers, but in the meantime, thought you could work with this.


Thanks for the info.  I actually am involved in an
adopt a family program here in SF!
Happy Holdiays!!!
MJ

--- Kim.Ward@enron.com wrote:
> Hello everyone!  and Happy Holidays!
>
> Although the equities markets haven't been that good
> to us this year, most
> of us can say that we enjoyed a pretty prosperous
> year.  I also know that
> it is the time of the year that it seems like
> everyone is wanting you to
> contribute to one thing or another and you are just
> wondering how you are
> going to get everything done before Christmas or the
> New Year.  You may
> already be involved in an activity that is helping
> those less fortunate
> than yourselves make it through a tough holiday
> season but  I wanted to
> give you a chance to help someone in the case that
> you wanted to share your
> prosperity but didn't have the opportunity.
>
> I am a member of a team from the Enron Portland
> office - not sponsored by
> Enron itself - in adopting a family to help in a
> time of need.  This family
> consists of a single mother, separated from her
> husband for a few short
> months, with an 11 year old daughter and an 8 year
> old son.  This family is
> living in a one bedroom apartment on $600 per month
> from child support.
> This young woman is looking for a job.  Our team is
> collecting money to
> shop for gifts, clothes, needed household items,
> food, and a couple of
> toys.  We are also accepting wrapped gifts
> consisting of the same.   We
> will be visiting this family in a couple of weeks to
> find out more about
> what they need and then again to deliver our items
> on December 21st.
>
> I am excited about being involved with this project
> because I will be
> meeting this family and will be directly involved in
> providing them items
> that I know I take for granted.  If you are
> interested in contributing
> either cash or a gift, not only will it be
> appreciated, it will be tax
> deductible.  This family is sponsored by the
> Salvation Army and they will
> be sending receipts directly to each donor.
>
> If you would like to contribute, you can send your
> donation to me at either
> home or at work.  Checks can be made out to me or to
> our captain, Jeffrey
> Oh.  We will need your address (if I don't already
> have it) to send to the
> Salvation Army so you will get a receipt. We will be
> required to submit
> receipts for the items we buy, as well as a pledge
> sheet with your name,
> address, adn donation amount to the Salvation Army.
> If you have any
> questions, please give me a call.
>
> Thanks in advance for any of you that are
> interested!  And again, I wish
> you all the best for the holidays!
>
> Kim
>
>
>

__________________________________________________
Do You Yahoo!?
Yahoo! Shopping - Thousands of Stores. Millions of Products.
http://shopping.yahoo.com/


Do you recall the name of the Delaware business trust (which owned the oil
and gas assets) that ECT executed a master with?  My memory is shot.  SS


Brock... what's going on ?  We need to hear back from you regarding work.  I
left you a message and Dawn has left you two !!!

Send me an e-mail as soon as you get this verifying your status.. I need to
hear from you by monday.

Please reply to my home email address at Tic@home.com.

Thanks agains.  BT


Tanya and Sara:
Just an update on the ones that I am handling:

Aquila/Utilicorp will be in place tomorrow
Idacorp should be done this week as i spoke with their counsel today
Pancanadian  - we are waiting for them to decide whether they will accept the
ISDA form of CSA
Reliant - we do have their form and Rod and I are working through credit
issues
El Paso - I am waiting for a revised draft from them but we are close
J Aron - done

	Tanya Rohauer
	06/05/2000 03:25 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Russell Diamond/HOU/ECT@ECT, Rod Nelson/HOU/ECT@ECT, Paul
Radous/Corp/Enron@ENRON, Edward Sacks/Corp/Enron@Enron, Brant
Reves/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Susan
Bailey/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Taffy Milligan/HOU/ECT@ECT, Kaye
Ellis/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT
		 Subject: Re: Top 20

Sara,

After looking at the list, we are on top of most of it:

aquila risk - we should be assigning all the trades to the new Utilicorp ISDA
and terminating Aquila Risk master
jaron - we have a new ISDA; Jeff probably just isn't reflecting it yet
el paso - Brant is currently negotiating the new ISDA

The following are in negotiation and are Top 10s:
- idacorp
- wps
-pancanadian
-duke energy mktg ltd (i think this one is all but signed)
- mieco
-dynegy canada

I know you have had initial discussions with the counterparties and have
discussed the need to put new documentation in place with:
- morgan
- vitol

Lastly, we were waiting on Reliant to give us an updated draft ISDA; however,
now that Randy Baker has left Reliant, they are not likely to address for
awhile.  Tracy can ask Kelly about trying to get something in place.

The others can probably wait until we get some of the above executed. Dynegy
and Sempra are probably the most important of those left.  Dynegy should not
be too difficult; however, Sempra is a master financial/physical and will be
more problematic.  Let me know if you have any questions.

Thanks,
Tanya

From: Sara Shackleton on 06/02/2000 10:26 AM
To: Tanya Rohauer/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT, Rod
Nelson/HOU/ECT@ECT, Paul Radous/Corp/Enron@ENRON, Edward
Sacks/Corp/Enron@Enron, Brant Reves/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
Carol St Clair/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Susan
Flynn/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Taffy Milligan/HOU/ECT@ECT, Kaye
Ellis/HOU/ECT@ECT
cc: William S Bradford/HOU/ECT@ECT
Subject: Top 20

FYI - the following list reflects old ECT master and no master counterparties
by volume (not necessarily exposure).  Sara

Tanya:  do you want all of these names on the legal/credit list?
----- Forwarded by Sara Shackleton/HOU/ECT on 06/02/2000 10:08 AM -----

	Jefferson D Sorenson
	06/02/2000 09:27 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Top 20

see if this will help
---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on
06/02/2000 09:26 AM ---------------------------

	From:  Diane Anderson                           06/01/2000 05:19 PM

To: Jefferson D Sorenson/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT
cc:
Subject: Top 20

Attached please find a spreadsheet of the top 20 counterparties (by number
of deals) with whom we do not have an ISDA Master Agreement, for the
period Jan-May '00.


ENE: Reiterate Buy; Believe Leadership Still Intact

* ENE has underperformed its peer group of Energy Merchants.  Stock
price down 39% from 52-week high ($90 on August 23) vs. peer group, up 1.9%.
* We reiterate our Buy rating on the stock, and believe the weakness
is largely due to concern over ENE's group-high P/E multiple and PEG ratio
of 27x and 1.3x, respectively (group average 19x and 1.0x), coupled with a
series of concerns over various parts of Enron's business: bandwidth, India,
etc.
* Our sense is that the bandwidth unit is performing on target, and is
likely to beat the strong numbers posted last quarter.  India, while a
significant issue, remains a small part of Enron's asset base (about 4%).
It is a legacy business, in our view, and does not materially affect our
overall view of the company.
* We see ENE's business fundamentals intact, and in fact, improving.
Growth rate expansion to 25% from 20%; growing returns on capital; bandwidth
trading all good reasons to own stock -- justify premium valuation.

 <<ENE 5-18-01 Reiterate Buy.doc>>  <<ENE 5-18-01 Reiterate Buy.pdf>>

Raymond C. Niles
Power/Natural Gas Research
Salomon Smith Barney
(212) 816-2807
ray.niles@ssmb.com

s

 - ENE 5-18-01 Reiterate Buy.doc
 - ENE 5-18-01 Reiterate Buy.pdf


I have two tickets (and parking!) for the Friday night (May 4) performance of
"Dinner with Friends" which I cannot use.  FREE!  Please let me know if you
are interested.

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


As I was packing some books this weekend, I stumbled across an old copy of
The Story of O, and almost fell over.  I knew I had heard of that book--I
must have read it some time ago--I think it was orig published in 1954 or
1965.  Now I remember how much I didn't like it!  Hope you've recovered from
all your parties.  How was the book dinner.  Did I mention I had a spur of
the moment party last night?

Jeff

Alexandra Saler@EES
11/10/2000 01:20 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

this was the wierdest book I have ever read.  It was called The Story of O,
and it about this sex cult in Paris and it totally freaked me out.  I am glad
that it is over.  I started another one last night that is a little bit
lighter.  Three generations of Jewish women in the south kind of thing.  tell
me if yours is good.  I haven't read it.  I am going to the chronicle book
dinner on sunday and I am totally psyched.  if you want me to get any of the
books signed for you let me know.  Ted Coppel will be there with his new
book.  I am running out so leave me a message if you want it.  Have a great
weekend!  I am bummed you can't make next thursday, so we will have to plan
something fun soon.
ALI

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

Everything was ok, just busy.  Good book?  I just started "When the sons of
heaven meet the daughters of earth"  have you heard of it?  I'd absolutely
love to go the the Anne Frank thing, but I can't get back from the management
conference.  I'm on a panel (with Jeremy) early Friday a.m.

Alexandra Saler@EES
11/10/2000 08:16 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

they must make you sign a confidentiality agreement when you walk in the
door!  well, I guess I have no choice but to believe you, even though some
juicy details would be kind of fun!
Her piano was so bad they had to do it twice.  At least I got to finish a
book.

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

piano tuning?  nothing bad about last night--very tame.

Alexandra Saler@EES
11/09/2000 12:01 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

ok...so I do want the low-down on last night b/c I am sure there is a lot
that is inappropriate for email!  I will be out of the office all afternoon
so if you want to talk I'll be on my cell phone 256-5582.
Big....small....it is still the Enron Executive Committee and you should feel
extremely proud.  I am so happy for you!
I hope that you have a great lunch and that your speech went will this
morning.

ali

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

Great!  Sorry YOU weren't there...
I'm on my way out  for a lunch.  I'll call you later.   (I'm excited about
the exec committee, but it is a little big, so I told Skilling we should
rename it the exec villiage!)

Alexandra Saler@EES
11/09/2000 11:06 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject:

how was the dinner?  I heard that there are PLENTY of girls there!