Here are some thoughts for Enron to share with at the Analyst meeting.
Please let me know if you have any additions, changes, or deletions.  What I
tried to put down were the key facts and positions.  If I've missed anything
let me know.  This is not a great story.

Jim

OUR PHYSICAL POSITION IN CALIFORNIA

EES has electricity customers within the territories of SCE, PG&E, and SDG&E
(about 800 MW of usage) [NOTE - CHECK WITH EES].  EES has natural gas
customers within the territories PG&E and SoCal Gas.

Enron does not have any generation in California (we own a small QF in Nevada
but only have 50 MW excess).

We supply power to the Utilities and to our retail load by buying excess in
California or by transmitting power into the state.  Enron sells natural gas
to the LDCs mainly under spot arrangements.

Enron continues to manage the risk by using traditional hedging tools and by
using the full complement of resources of EES - demand reduction, load
shaping, and efficiency improvements.

Transwestern has long-term capacity arrangements with PG&E.

OUR POLITICAL POSITION IN CALIFORNIA / MESSAGES

The current situation (shortages and potential bankruptcy) is not the result
of competitive markets, rather it is the result of barriers to workable
retail and wholesale markets designed into the California deregulation model
(for instance, the overreliance of the Utilities on the spot market, the
residual CTC calculation, incomplete retail tariff unbundling requiring
direct access customers to pay more than their fair share for the Utilities'
common costs).

Enron does not want to see the California Utilities go bankrupt because those
naysayers of competition will use this situation as an argument against
competition.  Enron disagrees.  What it proves is that not finishing the job
of creating real competition can result in problems.

Enron believes that there are workable short-term and long-term solutions for
California.

In the short-term, (1) California must provide credit enhancement or directly
buy power for the Utilities' needs to ensure a stable supply of electricity,
(2) California should incent customers to institute demand reductions, and
(3) California should raise rates to cover reasonable costs so that the
Utilities do not petition for bankruptcy.

In the long-term, (1) California needs to continue its activities to promote
retail competition (and most importantly it must allow real price signals to
be sent to large customers), (2) California should implement the changes that
the FERC highlighted (end the reliance on the spot market, remove
stakeholders on the Cal ISO Board, give the Utilties the ability to recover
wholesale power costs), (3) California must remove unnecessary barriers to
the development of additional generation capacity, and, most importantly, (4)
California must establish reasonable structures so that the Utilities develop
a balanced portfolio of supplies to better manage electricity market
volatility.

California should not get into the business of owning or operating generation
assets or transmission facilities.

California should not stop moving forward with retail competitition which
allows customers to manage price risk rather than some regulator.

KEY ENRON ISSUES IN CALIFORNIA

We do have outstanding deliveries into the California utilities and would be
an unsecured creditor if bankruptcy occurs. We continue to sell to
creditworthy counterparties in Western Power markets. [NOTE - THE AMOUNT OF
RISK IS AN IR ISSUE THEY WANT TO MANAGE].

The PX Credit (and associated negative CTC) continues to be an issue.  Enron
believes that the rate freeze has not yet ended legally and PG&E's and SCE's
tariff requires the Utilities to pay funds to the customer's agent.  We filed
a Complaint Friday January 19 at the CPUC.  We are confident that these funds
will be recovered.  [NOTE - I DON'T THINK WE WANT TO HIGHLIGHT THIS - AGAIN
AN IR ISSUE BECAUSE OF THE RECEIVABLE]


ThinkBank went live with a bang last Friday!  The Idea Vault already has more
than 20 innovative entries, and the eThink team has been busy routing these
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There are ideas about everything from new trading opportunities to hot air
balloons.  Visit the ThinkBank today.  Got an idea?  Make a deposit.  Need
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Don't miss Cindy Olson's eSpeak this Thursday, November 3 at 10:00 am Houston
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And, if you can't make the live event (all together now), be sure to
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This e-mail was sent to the following address: scorman@enron.com


Just a reminder - timesheets need to be approved by 10:00 A.M. on Tuesday,
February 15.  This is necessary in order to meet the Payroll deadline of
exporting time to ETA (the Corporate payroll system), which is NOON on
Wednesday, February 16.  Any timesheets that are not approved by the 10:00
Tuesday deadline will automatically be approved by the Energy Operations
Timesheet Coordinator.

FYI - For the payroll period ending 1/31, there was only 1 timesheet
outstanding at the established deadline.  In the past, there have been as
many as 100 (which represents a little more than 25% of the Energy Operations
headcount).  Thanks for your help and support.  I know that the Assistants
all appreciate your help in meeting this deadline.

A lot of you may not be affected by Project Hurricane.  If you don't know
anything about it, then you probably aren't affected by it!  In any event, we
have set up 2 new E-work orders in the Org Database for Project Hurricane.
They are as follows:

E-HURR (should be used to capture all time spent on the ongoing support for
Project Hurricane)
E-HSET (should be used to capture all set-up costs)

Both of these work orders are set up and can be used for the 2/15 pay
period.  However, the following steps must be taken for your employees to use
the ATES system and code their time to these work orders:

MANAGERS - Identify employees within your RC that will need to charge time to
either or both of these work orders.  Please let your Assistants know who
these employees are.
ASSISTANTS - Based on the information you receive from your managers, you
must add 1 or both of the work orders to each employee's profile in the Org
Database so that they are able to charge time to the work order in ATES.
ASSISTANTS - For each Time Site you are responsible for, you must be sure to
add this information to ETA.  If you aren't sure how to handle this, please
contact Kim Perkins ASAP at x3-5304.

Thank you in advance for your cooperation in getting timesheets processed in
a timely manner.  Please be sure to share this information with your staff if
you haven't already done so.  If you have any questions on the timesheets or
the work orders, please contact me at x3-6343.

Lisa Cousino


When: Thursday, January 03, 2002 2:00 PM-2:30 PM (GMT-06:00) Central Time (US & Canada).
Where: South Building - 05116

*~*~*~*~*~*~*~*~*~*

Correction with correct day (1/3/02)


Given the importance of the FERC California Report, IEP is forwarding it to
the full membership.  In a separate email, we will be noticing the FERC
website where the report may be accessed.
----- Original Message -----
From: Katie Kaplan <kaplan@iepa.com>
To: W. Hyde Richard <RWHYDE@duke-energy.com>; Tony Wetzel
<twetzel@thermoecotek.com>; Sue Mara <smara@enron.com>; Steven Kelly
<steven@iepa.com>; Steve Ponder <steve_ponder@fpl.com>; Stephanie-Newell
<stephanie-newell@reliantenergy.com>; Russo Tony <trusso@mcnallytemple.com>;
Ross Tom <Tross@mcnallytemple.com>; Ron Tom <Rtom@govadv.com>; Roger Pelote
<roger.pelote@williams.com>; Paula Soos <paula_soos@ogden-energy.com>;
Norton Kelli <knorton@mcnallytemple.com>; 'Nam Nguyen'
<nam.nguyen@powersrc.com>; McNally Ray <rmcnally@mcnallytemple.com>; Marty
Wilson <mwilson@pstrategies.com>; Mark Smith <Mark_J_Smith@fpl.com>; Lynn
Lednicky <lale@dynegy.com>; Karen Edson <kedson@ns.net>; Julia Wright
<jwright@smithandkempton.com>; Julee Malinowski-Ball <jmball@ns.net>;
Jonathan Weisgall <jweisgall@aol.com>; John Stout
<John_H_Stout@reliantenergy.com>; Joe Ronan <joer@calpine.com&g
Cc: Rob L. Lamkin <rllamkin@seiworldwide.com>
Sent: Wednesday, November 01, 2000 9:44 AM
Subject: FERC Order

> Here is the FERC order and press release.  Please call with questions
>
> Katie Kaplan
> Manager of State Policy Affairs
> IEP
> (916) 448-9499
>

 - CaliforniaOrderPressRelease11-01-00.doc
 - Order in Docket EL00-95.doc


attached is info for credit contact w/ PPL

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

----- Forwarded by Debra Perlingiere/HOU/ECT on 03/23/2001 10:48 AM -----

	geshay@pplweb.com
	03/20/2001 07:30 AM

		 To: Debra.Perlingiere@enron.com
		 cc: aclovett@pplweb.com
		 Subject: RE: Re: Enron/PPL GISB?

Debra,

Ok, we're getting there.  Please see comments below.

1. Good, please prepare the draft Master Agreement and send it to my
attention.
 We've been doing business with Enron since 1996, so the credit review
shouldn't be a problem.  You can probably find everything you need on our home
page (www.pplweb.com) or call Alan Babp at (610) 774-6129 {
aababp@pplweb.com}.

2. We're at a stalemate on the confirmations.  I have checked with out
electrical side and their negotiated contract with Enron uses "Seller
Confirms".  For Gas GISB contracts while we prefer "PPL Confirms", we
recognize
that almost everyone wants to be the confirming party so we have been
accepting
"Both".  But if you can't accept either of them, I suppose we can live with
"Seller Confirms", since our electrical side has accepted it.  Those are our
choices, in order of preference.

3. Good, I'm pleased you agree to the "redundant" language.  I know it will
help my Trading Controls people.

Please advise...again, I think we're close.
Gary  Shay

-----Original Message-----
From: Debra.Perlingiere@enron.com [mailto:Debra.Perlingiere@enron.com]
Sent: Monday, March 19, 2001 01:00 PM
To: Shay, Gary E.
Subject: Re: Enron/PPL GISB?

Gary,

Thank you for your e-mail of 15 March,  my comments  are as follows:

1. PPL EnergyPlus, LLC:    we will be happy to prepare a draft of a Master
Agreement for your consideration pending ENA credit review;

2. Confirmations:  ENA will NOT agree to both parties confirming,  unless
ENA's confirm is controlling.  If agreed  PPL may also send a confirm with
this understanding;

3, Disclaimer:  we will agree to included  verbiage as requested in the
disclaimer.

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


---------------------- Forwarded by Chris Stokley/HOU/ECT on 04/17/2001 09:40 AM ---------------------------

"Steve Lewis" <steve.lewis@ci.seattle.wa.us> on 04/17/2001 09:26:32 AM
To:	<Chris.Stokley@enron.com>
cc:	"Paul Munz" <Paul.Munz@ci.seattle.wa.us>
Subject:	Re: Meeting

I would like to discuss the EPMI/SCL split on the differences  detailed in Caroline's spreadsheet.  It appeared that the differences were  the gross amounts owed by the CISO for our business, without being segregated  into a recomputed EPMI portion and SCL portion.  I would like to clarify  the magnitude and certainty of the difference between our Prelim and expected  Final payments at this point in time.  Given the magnitude, I think we  should then discuss the timing of payments, so it might be a good idea if Stuart  were on the call as well.  My calendar is open from 1 to 2 if you want to  work it in then.

>>> <Chris.Stokley@enron.com>  04/17/01 08:55AM >>>
Steve,

     I will  be in meeting most of the morning but have an open schedule
after 12:30  today. Would 1:00 be a good time for us to discuss any pending
items that we  have left to complete? Could you please send me a list of the
hot items so  that I can research them before our  meeting.

                                    Thanks for your  patience
                                              Chris


How about 11 am CST?  I forgot that I have an 11:30 on Monday.

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

	Tracy Ngo
	04/25/2001 10:20 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: RE: "Transfer" provision

How about the same time on Monday?  10am PST; 12 noon CST; 1 pm EST?

I'll put you guys down for 10am my time...unless I hear different.

Thanks,
Tracy

From: Sara Shackleton on 04/25/2001 07:55 AM
To: Tracy Ngo/PDX/ECT@ECT
cc:

Subject: RE: "Transfer" provision

Tracy:  It's fine with me.  Let's schedule a time next week on Monday.  The
lawyers will be gone Wed - Fri next week.  Name a time.

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
----- Forwarded by Sara Shackleton/HOU/ECT on 04/25/2001 09:52 AM -----

	"Yaish, Yair (OGC)" <YYaish@exchange.ml.com>
	04/24/2001 07:29 PM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: RE: "Transfer" provision

I am prapring for a trip to Denver tomorrow.  Can we push this off until next
week.

Yair Yaish
Office of General Counsel
AEGM
2-7955

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Tuesday, April 24, 2001 7:44 PM
To: yyaish@exchange.ml.com
Cc: Tracy.Ngo@enron.com
Subject: "Transfer" provision

Yair:

Tracy and I would like to discuss the "Transfer" issue with you tomorrow,
if possible.  We think this should be a short discussion (maybe 10
minutes).  How is 1 pm NY time, tomorrow Wednesday April 25?  This seems to
be the most convenient for both of us, but we will entertain times before 3
pm NY time.

Would you please email your response?

Thanks.

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


Dear  Michelle:
     We have set a meeting with Cristina Solomon and Liz Miller that I am assured is  set in stone.  It will take place tomorrow at 10am at Cristina's  office.  Can you attend?  I have given Cristina the agenda items so  that she and Liz can be prepared to answer all of our questions.
Best  regards,
Linda  Broocks

P.S.  Can you  have lunch this week with Laura Gibson and me?


A procedural order issued late last night on the Staff Investigation in the
California market.  A special FERC Commission meeting will be held November 1
to consider a draft order on remedies.  The Commission will also issue the
staff investigation report.  Thereafter, comments are due within three weeks
to supplement the record or comment on the Commission's proposed remedies.
On November 9, the Commission will hold a public conference to discuss
proposed remedies.  Based on the full record then, the FERC expects to issue
an order directing remedies by the end of the year.


This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

We attach blacklined of the following documents, showing minor changes from
the versions last circulated.

a) Secretary's certificate for Salmon Energy LLC (naming members of ENA
board and attaching resolutions of ENA Board);
(b) GE Consent and Agreement;
(c) GE acknowledgement of receipt of funds;
(d) GE legal opinion;
(e) Salmon Promissory Note;
(f) Salmon Security Agreement.

Kind regards
Isabel

 - COMPARE006.DOC
 - COMPARE005.DOC
 - COMPARE005.DOC
 - COMPARE003.DOC
 - COMPARE004.DOC
 - COMPARE001.DOC
 - COMPARE003.DOC


I've forwarded this e-mail to Christian and Greg. Unfortunately, the
population of the office is quickly dwindling as the holidays come near. I've
been told that one or the other of them will be in today, and I'll find out
if something has been sent out already, and if not, how soon we can do that.
I'll get back to you as soon as I talk to them.

Thanks,
Kate

Kimberly Hundl@ENRON
12/20/2000 07:30 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Hinson Power Company, Inc.

Hi Kate,
Deals #478168, 478944, 478945, 478946 are to be confirmed by either Greg
Wolfe or Christian Yoder.  We need to get the final copy of these confirm
letters so we can scan them into the system for our files.  Also, if the
finalized confirm has been sent to the counterparty we need to change the
status in the system.  These deals are still showing up on our "New" report
every morning and I need to do something with them.
Thanks for your help!
Kim


HI Lloyd,  appreciate your efforts.  Resume on its way.. the start date
however would be Monday, 21st.

thx. kb.

 -----Original Message-----
From:  Will, Lloyd
Sent: Friday, May 18, 2001 9:22 AM
To: Buckley, Karen; Imai, Rika; May, Tom
Cc: Hernandez, Juan; Melodick, Kim; Bland Jr., Ted C.
Subject: Re: Interns

Should be able to help out.  Please send me the resume and I will reply by
end of day.

Start date is June 4th.

Thanks.

	Karen Buckley/ENRON@enronXgate 05/18/2001 08:36 AM 	   To: Juan
Hernandez/Corp/Enron@ENRON, Ted C Bland/ENRON@enronXgate, Lloyd
Will/HOU/ECT@ECT  cc: Kim Melodick/ENRON@enronXgate  Subject: Interns

Hi Juan

Thanks for speaking with me earlier.   Ted , will be speaking with the
interns (both Associate and Analyst level) who are scheduled to start June
4th  to discuss the real time opportunity.  For the moment therefore , we
will re-assign Andrew Kandolha to someone else as he is starting next week.

Lloyd  - can you possibley absorb, per our discussions this am, Andrew .

Background:  Dynergy: Power Settlements Intern
   Natsource Institution Energy Brok: Power Broker Intern
Academics:  Texas A& M Uni - Backelor of business Admin in Fiannce.

I will forward you the resumes this am.

Many thanks .

Karen.
x54667

 -----Original Message-----
From:  Buckley, Karen
Sent: Thursday, May 17, 2001 3:22 PM
To: Hernandez, Juan
Cc: Melodick, Kim; Engler, Adrianne
Subject: FW: Allocatioon of A&A

Hi Juan

Per my previous e:mail below we have now assigned you your second requested
intern (per Kevin Presto's earlier request to John Lavorato).    These Inters
were on Kevin  Presto's actual selection of candidates for his world.   Their
names as per the attached spreadsheet:   I believe you will have Andrews
resume as earlier sent, and I will forward you Joseph's today.

Joseph Spector    Start date:   June 4th
Andrew Kandolha  Start date:  May 21st

The A&A Program will be in contact with your assistant to set up appropriate
systems etc.

 -----Original Message-----
From:  Buckley, Karen
Sent: Tuesday, May 15, 2001 5:36 PM
To: Will, Lloyd; Herndon, Rogers; Hernandez, Juan; Bentley, Corry
Cc: Melodick, Kim
Subject: Allocatioon of A&A

 << File: Presto A&A.xls >>

Pls find the allocation of A&A and interns to your groups.

rgds, Karen.


---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 09/14/2000
10:41 AM ---------------------------

Jonathan Hoff
09/09/2000 12:00 PM
To: Benjamin Rogers/HOU/ECT@ECT
cc:
Subject:

---------------------- Forwarded by Jonathan Hoff/HOU/ECT on 09/09/2000 12:00
PM ---------------------------

	From:  Jinsung Myung @ ENRON                           08/15/2000 11:34 AM

To: Jonathan Hoff/HOU/ECT@ect
cc:
Subject:

http://ecthou-kmprod/livelink/livelink.exe


There will be no holds barred with the Times and the Wash Post weigh in on this one.

 -----Original Message-----
From: 	Sole III, Carlos
Sent:	Friday, November 30, 2001 10:44 AM
To:	Mann, Kay
Subject:	RE: Criminal Indictments

Remember that's the WSJ  -- with that op-ed, every other paper NYT etc. will pile on even harder.

 -----Original Message-----
From: 	Mann, Kay
Sent:	Friday, November 30, 2001 10:42 AM
To:	Sole III, Carlos
Subject:	RE: Criminal Indictments

   Good op ed piece.

 -----Original Message-----
From: 	Sole III, Carlos
Sent:	Friday, November 30, 2001 10:39 AM
To:	Mann, Kay
Subject:	FW: Criminal Indictments

This will make you mad again.

 -----Original Message-----
From: 	Sole III, Carlos
Sent:	Friday, November 30, 2001 10:31 AM
To:	'phil_patman@yahoo.com'; Harris, Bruce
Subject:	Criminal Indictments

I'm still sorting through all of the WSJ articles, but if you read this one, I think it's clear that Lay, Skilling, Fastow, Arthur Andersen and others will have criminal prosecutions and disgourgements.  It is very rare that the WSJ with its conservative bent and with a Republican President writes this type of Op-Ed.  Nevertheless, the article already sets the predicate of Lay's defense that he did not fully comprehend what was going on and, thus, lacked the mens rea for the crimes that Skilling and Fastow will be charged with.

REVIEW & OUTLOOK (Editorial)
Investigating Enron

11/30/2001
The Wall Street Journal
A14
(Copyright (c) 2001, Dow Jones & Company, Inc.)

You can cut the Schadenfreude with a machete these days as Enron careens toward failure. Like any fast-rising, innovative business, the energy trader made enemies, some with a fair grievance and some not. We hope the inevitable (and necessary) investigations keep in mind the difference.
Enron was a forthright advocate of competition, as every obituary of the past few days has noted. Some see the firm's collapse as discrediting the market economics it championed, though the opposite is closer to the truth.
It strikes us that Enron was partly a victim of its own success. Its revenues quadrupled in a year, thanks to the fillip that California's troubles provided to the wholesale power market. But profits were up much less -- i.e., Enron was earning thinner margins in the energy-trading business it pioneered. The new industry quickly became too competitive and transparent to afford any windfalls, just as deregulation admirers would have predicted.
Enron does not own U.S. power plants and generally did not seem to make outsized profits on power for resale in, say, California. But that didn't stop California's eccentric attorney general, Bill Lockyer, from blaming Enron CEO Ken Lay for that state's electricity mismanagement. Last summer he told a Wall Street Journal reporter that, "I would love to personally escort Lay to an 8x10 cell that he could share with a tattooed dude who says, `Hi my name is Spike, honey.'" Consider that an unfair grievance.
Accounting matters are more troubling. The struggle for a century has been to make sure corporate managers don't pursue their own agendas at the expense of owners. The emergence of special partnerships, controlled and owned by Enron's own senior officers, with which the company did some of its murkiest deals, would cause even libertarians to wonder what's been going on. Clearly Mr. Lay didn't fully understand what former Enron CEO Jeffrey Skilling was up to, and shareholders weren't told either.
At the same time, Enron officers had a large amount of personal wealth tied up in Enron stock, which has fallen from $90 to 61 cents. So the mere existence of these partnership deals does not automatically indicate corrupt intent. Only a detailed investigation can resolve whether these deals were honestly motivated, and whether Enron's (and Arthur Andersen's) interpretation of accounting rules was defensible. In any case, trial lawyers will descend to squeeze every penny out of Enron's troubles for themselves (and for shareholders or employees who held Enron stock in their 401(k)s).
As for the investigations, we hope they won't be influenced one way or another by long connections between Mr. Lay and President Bush. Even the hint of special treatment would be a political disaster, especially for an Administration that promised to clean up after Bill Clinton.
While tradition has been not to make criminal matters out of accounting scandals, exceptions have arisen recently. Federal prosecutors in New York have gone after Walter Forbes, who sold his company to Cendant, giving rise to what before Enron was the nation's most costly stock meltdown due to bad accounting. San Francisco prosecutors recently extracted guilty pleas from executives of Aurora Foods over their treatment of trade promotion expenses for their portfolio of "orphan" brands as capital expenditures.
Enron is an opportunity for the Bush team to show it can police similar financial chicanery, if some is found. Sorting the capitalists from the crooks is one way of protecting capitalism.


We have received an executed Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   May 31, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   The Ospraie Portfolio Ltd

Transactions Covered:  Approved for all products with the exception of:  Pulp
and Paper


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She has a mostly white one - at least those are the color of the kitty hairs
on my clothes.  She left his front claws in because she said it was mean to
take them out.  Of course she gets a little angry when he sharpens his claws
on the couch.  I figure he will get run over by a car someday and she will be
said - I will be sensitive and caring and then she'll get another one.

I guess I don't have to tell you that those long distance relationships are
kinda tough.  Good luck.

"Veselack, Joni" <joni.veselack@neg.pge.com> on 04/23/2001 03:37:45 PM
To: "'Chris.Germany@enron.com'" <Chris.Germany@enron.com>
cc:
Subject: RE: How's your back???

What kind of kitty does Ingrid have??

Rob is fine... we had a little tiff and didn't talk for a week. He went to
the LDC forum in Boston. We made up over e-mail today... or at least
exchanged apologies. I'm not sure when I'll see him again. Gloria is
visiting me next weekend... girls night out. The following weekend Cindy is
visiting me. The weekend after that I'll be in Houston for TCO shipper
meeting. It has been two weeks since I've seen him. We have a great time
when we are together, it just hasn't been very often latetly.

-----Original Message-----
From: Chris.Germany@enron.com [mailto:Chris.Germany@enron.com]
Sent: Monday, April 23, 2001 4:28 PM
To: joni.veselack@neg.pge.com
Subject: RE: How's your back???

I'll ask my woman her opinion about my rock hard stomach.  I'm sure she
will agree after I tell her what to see.  I guess women can be sensitive.

Ingrid's fine - and you?  How's your man?

"Veselack, Joni" <joni.veselack@neg.pge.com> on 04/23/2001 02:47:42 PM

To:   "'Chris.Germany@enron.com'" <Chris.Germany@enron.com>
cc:
Subject:  RE: How's your back???

My last response didn't make sense... now that I re-read it. I meant to see
I like a cat personality better.

I'm sorry about the cushy remark... I'm guessing you have worked out a
lot... since I last saw you. It's probably rock hard now.

So how is ingrid??

-----Original Message-----
From: Chris.Germany@enron.com [mailto:Chris.Germany@enron.com]
Sent: Monday, April 23, 2001 2:14 PM
To: joni.veselack@neg.pge.com
Subject: RE: How's your back???

You like (cat) attitude don't you?  And what makes you think my stomach is
cushy??????

"Veselack, Joni" <joni.veselack@neg.pge.com> on 04/23/2001 12:58:44 PM

To:   "'Chris.Germany@enron.com'" <Chris.Germany@enron.com>
cc:
Subject:  RE: How's your back???

I'm guessing your stomach is nice and cushy.... not rock hard. Your
women...
ingrid???

I'm not getting a hamster!!! They have no personality like a cat.

-----Original Message-----
From: Chris.Germany@enron.com [mailto:Chris.Germany@enron.com]
Sent: Monday, April 23, 2001 1:56 PM
To: joni.veselack@neg.pge.com
Subject: RE: How's your back???

Why don't you get a hamster or something like that.   You know my woman has
a cat - he likes sleeping on my firm, rockhard stomach when I watch TV.

"Veselack, Joni" <joni.veselack@neg.pge.com> on 04/23/2001 12:41:55 PM

To:   "'Chris.Germany@enron.com'" <Chris.Germany@enron.com>
cc:
Subject:  RE: How's your back???

I planted 50 plus flowers this weekend in my flower boxes. They look so
pretty. I hope I don't kill them. I'm going to find me some kittens in the
next few weeks. I'm lonely without Miss Muffy. Cindy Vachuska is coming to
visit me in two weekends. I'm taking May 4th off.. we are going to do some
museums, day to the eastern shore, and baltimore's inner harbor.

Bidweek is such a joy!!! We are suppose to be back online with y'all... so
they say.

-----Original Message-----
From: Chris.Germany@enron.com [mailto:Chris.Germany@enron.com]
Sent: Monday, April 23, 2001 1:31 PM
To: joni.veselack@neg.pge.com
Subject: Re: How's your back???

How sweet.  Its doing ok.  A better question is "how's the lovelife?".
That's doing ok too - although I wish I could find the perfect woman.  Mine
is wanting to take some trips - Maine, New York, EUROPE!!!!!

What's up with you girl?

"Veselack, Joni" <joni.veselack@neg.pge.com> on 04/23/2001 12:13:11 PM

To:   "'Chris Germany'" <chris.germany@enron.com>
cc:
Subject:  How's your back???

See.... I'm being nice and not asking any other questions.

Hope you're doing okay.

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.


COMMENTS

Route: 1
Lisa Valley - (Approved) EXTENDING CONTRACT THRU 10/31/2007

FOR THROUGHPUT                                           Market Services
                                                         DATE:  Oct 29, 2001
                                                         CR# 101552   / Amnd# 5
                        CONTRACT APPROVAL FORM

NATURE OF CONTRACT: TFX

PARTIES:     Northern Natural Gas Company
             SUPERIOR WATER, LIGHT & POWER COMPANY

SUMMARY OF PRINCIPAL POINTS:

The contract contains Non-Standard Language.

Total Discount: $0.00

Account Manager: BOB STEVENS, (612) 887-1782

Approval is required of the departments marked with an asterisk (*).
Contact the account manager for additional information.  Please send approval
or comments to EB4135R, Phone:713-853-6182,  Fax: 713-646-8260   ASAP.

  *Marketing, Account Manager: _______________________________   DATE: _________

  *Marketing, Regional V.P.:   _______________________________   DATE: _________

  *Law, General Counsel:       _______________________________   DATE: _________

  *Regulatory Affairs, V.P.:   _______________________________   DATE: _________

  *Marketing, V.P.:            _______________________________   DATE: _________

  *President:                  _______________________________   DATE: _________

________________________________________________________________________
   * Required Signatures


Enron Total Trading Daily Loss

	Limit		-	($125.00 Million)

	Loss		-	($193.51 Million)

*Note:  The DPR is currently preliminary and subject to change which may cause an adjustment to the total loss.


-----Original Message-----
From: 	Koehler, Anne C.
Sent:	Friday, October 19, 2001 6:07 PM
To:	Mann, Kay; Jones, Tana; Brownfeld, Gail
Subject:	FW: (no subject)

 -----Original Message-----
From: 	Gray, Barbara N.
Sent:	Friday, October  19, 2001 6:03 PM
To:	Koehler, Anne C.
Subject:	FW: (no subject)

 -----Original Message-----
From: 	Gray, Barbara N.
Sent:	Friday, October 19, 2001 10:28 AM
To:	Max Stubbs (E-mail)
Subject:	FW: (no subject)

as promised...a truly awesome email presentation...mom
 -----Original Message-----
From: 	Gray, Barbara N.
Sent:	Wednesday, October 17, 2001 2:49 PM
To:	Ed Gray (E-mail)
Cc:	Linda Paisley (E-mail)
Subject:	FW: (no subject)

 -----Original Message-----
From: 	RP2323232@aol.com@ENRON <mailto:RP2323232@aol.com@ENRON>
Sent:	Wednesday, October 17, 2001 2:19 PM
To:	landis@brazoria.net <mailto:landis@brazoria.net>; ajhawk059@ev1.net <mailto:ajhawk059@ev1.net>; csikos@brazoria.net <mailto:csikos@brazoria.net>; Gray, Barbara N.; bhossman@esc4.com <mailto:bhossman@esc4.com>; rccwuensche@yahoo.com <mailto:rccwuensche@yahoo.com>; mcannon@danbury.isd.esc4.net <mailto:mcannon@danbury.isd.esc4.net>; pastorjamie@hotmail.com <mailto:pastorjamie@hotmail.com>; Coko_04@excite.com <mailto:Coko_04@excite.com>; twindolphins_30@yahoo.com <mailto:twindolphins_30@yahoo.com>; MayberryCR@msn.com <mailto:MayberryCR@msn.com>; cynthiagray@ev1.net <mailto:cynthiagray@ev1.net>; dswebbsports@computron.net <mailto:dswebbsports@computron.net>; ddurham@van-vleck-isd.org <mailto:ddurham@van-vleck-isd.org>; pdebardelaben@angleton.isd.tenet.edu <mailto:pdebardelaben@angleton.isd.tenet.edu>; denise-chambers@reliantenergy.com <mailto:denise-chambers@reliantenergy.com>; dfikac@brazosport.isd.tenet.edu <mailto:dfikac@brazosport.isd.tenet.edu>; dwight.lewis@bench.com <mailto:dwight.lewis@bench.com>; ealaniz@taftisd.esc2.net <mailto:ealaniz@taftisd.esc2.net>; elindsey@ci.lake-jackson.tx.us <mailto:elindsey@ci.lake-jackson.tx.us>; MRTREF@aol.com <mailto:MRTREF@aol.com>; ericd@mhent.com <mailto:ericd@mhent.com>; pjl@mastnet.net <mailto:pjl@mastnet.net>; roge@ev1.net <mailto:roge@ev1.net>; gaspard@quik.com <mailto:gaspard@quik.com>; gerre.scherz@wholefoods.com <mailto:gerre.scherz@wholefoods.com>; bghicks@swbell.net <mailto:bghicks@swbell.net>; IDABRANDALL@aol.com <mailto:IDABRANDALL@aol.com>; jimmiez@ev1.net <mailto:jimmiez@ev1.net>; tbutler@delmar.ljackson <mailto:tbutler@delmar.ljackson>; lawebb@computron.net <mailto:lawebb@computron.net>; Jwhitehead@brazosport.isd.tenet.edu <mailto:Jwhitehead@brazosport.isd.tenet.edu>; mjones@crhs.katy.isd.tenet.edu <mailto:mjones@crhs.katy.isd.tenet.edu>; KMarshall@brazosport.isd.tenet.edu <mailto:KMarshall@brazosport.isd.tenet.edu>; memc@signontexas.com <mailto:memc@signontexas.com>; Merperk2@aol.com <mailto:Merperk2@aol.com>; mkmatthews@stpegs.com <mailto:mkmatthews@stpegs.com>; william.minks@bench.com <mailto:william.minks@bench.com>; mveliz@angleton.isd.tenet.edu <mailto:mveliz@angleton.isd.tenet.edu>; pgriffin@van-vleck-isd.org <mailto:pgriffin@van-vleck-isd.org>; PJEPeoples@aol.com <mailto:PJEPeoples@aol.com>; PSmithSWAC@aol.com <mailto:PSmithSWAC@aol.com>; RGRIFFIS@computron.net <mailto:RGRIFFIS@computron.net>; rristich@swbell.net <mailto:rristich@swbell.net>; jdsplace@yahoo.com <mailto:jdsplace@yahoo.com>; thawkins@angleton.isd.tenet.edu <mailto:thawkins@angleton.isd.tenet.edu>; tholmes@angleton.isd.tenet.edu <mailto:tholmes@angleton.isd.tenet.edu>; Thomas.Green@us.rhodia.com <mailto:Thomas.Green@us.rhodia.com>; theard@brazosport.cc.tx.us <mailto:theard@brazosport.cc.tx.us>; upounds@hotmail.com <mailto:upounds@hotmail.com>; victorcastillo@prodigy.net <mailto:victorcastillo@prodigy.net>; l96106@udscorp.com <mailto:l96106@udscorp.com>; Wctsusa@aol.com <mailto:Wctsusa@aol.com>; mswicker@yahoo.com <mailto:mswicker@yahoo.com>; williacl@basf-corp.com <mailto:williacl@basf-corp.com>; zera.lott@dhs.state.tx.us <mailto:zera.lott@dhs.state.tx.us>
Subject:	(no subject)

 - boeing.pps


Gerald,

Please review the attached denial letter for the September 10th portion of the W&T Force Majeure. I am still waiting on a copy of the confirmation to verify that we used the Enfolio Committed Reserves and what date is on it; however, the customer cited the Enron North America GISB as the governing contract. How do you want to handle these disparities?

Please advise if you have any concerns.

Thanks,
Judy


A GC for either $ or for one of those Day Spas.

DG


I wouldn't stick around for someone that thinks U of O football is more
important than getting married.  So, we should hang out sometime soon or
something.  Boy do I have a ton of shit to tell you about.


I don't know where we stand on reviewing the derivatives situation for the
referenced counterparty, but Frank Davis with EOL just called and the
counterparty is applying for a password, so he wanted to refresh his memory
why we wouldn't open them up for derivatives trading.  I told him that we
were just looking at their situation last week, and to give your name & # to
the counterparty if they question why they can't trades derivatives.  It
isn't clear to me that we're ready to change our opinion on them yet.


Errol and Joey,
Just an FYI -
The Middle Market - West gas orig group is changing it's name to Gas
Origination - West.  Now when you enter Orig into the West file the Orig
Group should be the new name.
Also, on your Orig Schedule please start showing the West orig as Gas
Origination - West so that everything will match when it is published to the
web.

thanks,
brad


Tomorrow there will be a cleaning of the refrigerator, items will be thrown away if not claimed.  If you have any food or condiments you would like to keep please claim them by tonight (Thurs. 1/3/02), take them home or put a note on it that says please don't throw away with todays date.

Thank you,
Jill & Theresa


This is my favorite new game.  Also, the latest issue of "Wine Spectator"
has a photo of Charlie Trotter on the cover.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/06/2000
02:57 PM ---------------------------

Lynn Aven@ENRON_DEVELOPMENT
03/03/2000 07:11 AM
To: Sara Shackleton@ENRON_DEVELOPMENT
cc:
Subject: A new form of Bingo.

Here it is.

Lynn
---------------------- Forwarded by Lynn Aven/ENRON_DEVELOPMENT on 03/03/2000
07:16 AM ---------------------------

"Hoffman, Catherine" <HoffmanC@EpEnergy.com> on 09/14/99 02:36:58 PM
To: "'Franck, Vic       tbs via internet'" <vic_franck@tennecotbs.com>,
"'Cleaver, Mark'" <mark.cleaver@trw.com>, Lynn
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: A new form of Bingo.

>      This is very appropriate game for playing while bored off your nut at
>
>      meetings.
>
>     <<bingo.doc>>

**********************************************************************
This email and any files transmitted with it are confidential and
intended solely for the use of the individual or entity to whom they
are addressed. If you have received this email in error please forward
the message to EMAdmin@epenergy.com
**********************************************************************
 - bingo.doc


Jeff and I are preparing the California and Texas comparison today, but I
wanted to get you some back ground information on Texas  The Section
documents are draft protocols for the ERCOT ISO and are not final rules but
offer a clear direction in market developments.


For the Pipe option book
basis_opt  look at  1081587 and 1082001(with skew)
non basis  look at 1081589 and 1082000 (with skew)

For ngpropt book
calls 1081658 and 1081999 (with skew)
puts 1081991 and 1081993 (with skew)

Hope this is what you like to see.

 -----Original Message-----
From:  Quigley, Dutch
Sent: Friday, March 23, 2001 12:55 PM
To: Wei, Dave; Jeremy Wong/HOU/ECT@ENRON
Cc: Griffith, John; McLaughlin, Errol; May, Larry
Subject: Skew Project

Dave,

To follow up on our conversation about the Pipe Option Book, Errol will
provide post id's for Friday's COB
to calc the pipe options book with the skew table. As I asked on the phone
please provide two calcs, one calc
for the pipe options deals with and with out skew and another calc with the
NYMEX options deals with and without skew.

In addition to this, please recalc  1078960 & 1078963 for the ngpropt book.
These calcs are for puts and for calls for COB 3-23.

If you have any questions please contact me at 3-9257 with any questions

Dutch


If your team would like to contribute to this week's newsletter,
  please submit your Business Highlight or Quote
  by noon, Wednesday, February 28.

Thank you!

Kathie Grabstald
x 3-9610


FYI>>>We were also monitoring the EOL to Sitara bridge during this time to inform our traders and other desks of the situation and status...All deals bridged over by 10:30ish. THANKS

 -----Original Message-----
From: 	Truong, Dat
Sent:	Thursday, October 25, 2001 11:11 AM
To:	Moorer, Torrey; Lamadrid, Victor; Severson, Russ; Grant, George
Cc:	Husain, Karima; Lim, Francis S.; Saluja, Gurdip; Sweitzer, Tara
Subject:	Sitara EOL Bridge Problem Today

The problem we faced today was due to 2 eol deal packets (2098073, 2099764) not having startdate and enddate.  Missing these 2 tibco message fields caused the bridge to bounce and resulted in the queue to build up while the bridge is starting up. (The bridge takes 2 minute for startup).  Each time these deals are sent/resent, it continuously cause the Sitarar EOLBridge to restart, thus magnifying the buildup of the queue.

The corrective action we are taking at our end is to build a rejection logic when eol packets do not have start and/or enddate.

-Dat Truong


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 07/13/2000
01:16 PM ---------------------------

Judy Hernandez on 12/02/99 08:52:08 AM
To: Shirlet Williams/HOU/ECT@ECT, Amber Limas/HOU/ECT@ECT, Tara L
Lewis/Corp/Enron@ENRON, Amber Ebow/HOU/ECT@ECT, Lisa Shoemake/HOU/ECT@ECT,
Rose Botello/HOU/ECT@ECT, Angela Barnett/HOU/ECT@ECT, Michelle
Neville/HOU/ECT@ECT
cc:
Subject: FW: Angles

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 12/02/99 08:49
AM ---------------------------

	Enron North America Corp.

	From:  Maria Sandoval                           12/01/99 01:05 PM

To: Margo Reyna/HOU/EES@EES, Nichole Gunter/HOU/EES@EES, Andrea R
Guillen/HOU/ECT@ECT, Phenicia Olivier/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT, Pamela
Sonnier/HOU/ECT@ECT, Cassandra S Dutton/HOU/ECT@ECT, Cecilia
Olvera/HOU/ECT@ECT, Lorraine Becker/HOU/ECT@ECT, Irena D Hogan/HOU/ECT@ECT,
Angela Henn/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Chantelle
Villanueva/HOU/ECT@ECT, yolanda.sandoval@mwk.com, patty.soria@mwk.com,
mcastillo@metromkt.com, elizabeth.gutierrez@eott.com, Judy
Hernandez/HOU/ECT@ECT, Brenda Barreda/HOU/AZURIX@AZURIX, Elizabeth
Soto/HOU/ECT@ECT
cc:
Subject: FW: Angles

---------------------- Forwarded by Maria Sandoval/HOU/ECT on 12/01/99 01:05
PM ---------------------------

	From:  Elizabeth Soto                           12/01/99 01:03 PM

To: Andrea R Guillen/HOU/ECT@ECT, Cecilia Olvera/HOU/ECT@ECT, Chantelle
Villanueva/HOU/ECT@ECT, Irena D Hogan/HOU/ECT@ECT, Maria
Sandoval/HOU/ECT@ECT, rmartin9@Bayou.UH.EDU
cc:
Subject: FW: Angles

---------------------- Forwarded by Elizabeth Soto/HOU/ECT on 12/01/99 01:01
PM ---------------------------

	Enron North America Corp.

	From:  Jessica A Davila                           12/01/99 12:06 PM

To: LaDonna Avery/HOU/ECT@ECT, Cynthia Ramirez/HOU/ECT@ECT, Rita
Flores/HOU/ECT@ECT, Stephanie Cole/HOU/ECT@ECT, Stacey Duplessis/HOU/ECT@ECT,
Mercedes E Estrada/HOU/ECT@ECT, Cecilia Olvera/HOU/ECT@ECT, Frances
Ortiz/HOU/ECT@ECT, Elizabeth Soto/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT,
Laura R Pena/HOU/ECT@ECT, Rosalinda Resendez/HOU/ECT@ECT, Jennifer
Burns/HOU/ECT@ECT, Amy Rios/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT
cc:
Subject: FW: Angles

 - ANGELSIN.PPS


The collective efforts of the trading operations support teams within EWS to develop and improve our services have now positioned EWS to promote and commercialize our business activities. My expanded focus in support of successfully commercializing our effort dictates that I announce, effective immediately, new assignments for members of my Global Risk Management Operations management team.

Bob Hall will lead operations for Enron Americas. Bob previously served as one of the business controllers for gas operations for Enron Americas, with direct responsibility for Gas Logistics and Volume Management.  The leadership team reporting to Bob will include Peggy Hedstrom (Calgary Operations), Jeff Gossett ( U.S. Gas Risk and South America Operations), Stacey White (U.S. Power Risk), Leslie Reeves (U.S. Gas and Power Confirmations and Settlements), and Bob Superty (U.S. Gas Logistics).

Brent Price will continue to lead Operations for Enron Global Markets and fulfill his dual role as Chief Accounting Officer for Enron Global Markets.

I am very pleased to announce that Kevin Sweeney will lead Operations for Enron Industrial Markets.  Kevin brings to his new role extensive risk and operations experience from stints in our Houston, London and Singapore offices.  Kevin fills the role that was previously held by Brenda Herod, who will now report directly to Beth Apollo.

Beth Apollo will be the Operations Project Manager for the assimilation of EES Wholesale. This will include Deal Capture, Risk Analysis,  Confirmations, and Global Data functions which have been moved into EWS under Global Risk Management Operations.  Successfully leveraging the infrastructure to support the EES business plan will also require close coordination with Gas Logistics, Settlements and the Operational Analysis (OA) process, and Beth will actively coordinate operations efforts with these teams and the commercial teams.  I have asked Beth to project manage the effort to look for opportunities to streamline and improve systems, processes and controls, and to consider alignment, where it makes sense, with existing EWS processes.  Reporting to Beth will be Scott Mills, with a focus on Deal Capture, Risk Analysis and Confirmations, and  Brenda Herod, with a focus on invoicing control guidelines and reporting requirements.

Beth will also continue to manage the Global Services function, which includes the consolidated DPR process and Global Operations Standards, led by Shona Wilson, and the Global Data function which is lead by James Scribner.

Mike Jordan will continue to lead operations for Enron Europe, working closely with me and other EWS operations leads to insure the proliferation of best operational practices worldwide for Enron.

Thanks for your continued support especially in exploring and seizing commercial opportunities to strengthen our contributions to Enron.


Shelley--looks good to me.  DF

Shelley Corman
10/19/2000 10:53 AM
To: Drew Fossum/ET&S/Enron@ENRON, Maria Pavlou/ET&S/Enron@ENRON, Frazier
King/FGT/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Janet
Place/NPNG/Enron@ENRON, Ray Neppl/NPNG/Enron@ENRON, Bambi
Heckerman/NPNG/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Dave
Neubauer/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Robert
Kilmer/FGT/Enron@ENRON, Dorothy McCoppin/FGT/Enron@ENRON, Teb
Lokey/FGT/Enron@ENRON
cc:

Subject: ETS Comments in Technical Conference Proceeding

Yesterday at the regulatory roundtable it was decided that we should file
some brief comments in the FERC Sept. 19 technical conference proceeding
(PL00-1).  These comments are due today & I need to get them to the
Washington office by noon.

Let me know if you have a chance to read it & have any comments.  Sorry for
the short notice.


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This should be the last listing for this month unless something critical
comes up.

For the records with names changes only, I will update Global Counterparty
with the new names tomorrow (6/22/00) after 4 PM. I will also change the ERMS
SN at the same time.

If anyone has any issues with these updates, please contact me Friday
morning. Thanks!

Marilyn


JCharlton@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

All ICAP Suppliers submitting GADS Data and/or Equivalent GADS Data should
clearly distinguish GADS Data  from Equivalent GADS Data submissions.
Please identify the data as GADS Data or Equivalent GADS Data and do not
intermingle the two data forms in any data file.  Attachment K of the NYISO
ICAP Manual clearly defines the data requirements for each data type and
Attachment J of the NYISO ICAP Manual explains how UCAP (Unforced Capacity)
will be calculated using either type of Operating Data.  Call Jim Pratico
(x-6249) or John Charlton (x-6047) if there are any questions on this
subject.


fyi  Carlos is working on it.
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/27/2001 12:49
PM ---------------------------

John Moore
04/26/2001 08:04 AM
To: Carlos Sole/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron
cc: Mitch Robinson/Corp/Enron@Enron, Naveed Ahmed/NA/Enron@Enron

Subject: This is not a drill!

Kay and Carlos,

We're going to put a very serious and accerated push to secure a site or
sites in the very near future, but obviously we won't get there without a
priority commitment of your time and involvement.  If there are any doubts
regarding the level of committment that we need, I encourage you to visit
with Mitch to reconfirm our priority and urgency.

In summary, we have two quality sites and one less optimized area where we
are going to focus in the near term.  The two quality sites are both subject
to a "bid" process (Texas municipal political subdivision) and the respective
counterparty's board approval,  We have no reason to expect that we wouldn't
be able to secure the sites but it's going to take manpower and about 6 to 8
weeks - this time frame doesn't work for us.  Contemporaneously with working
through the "bid" process for the two sites and in the near term, we're going
to focus on a suitable site area, although not optimized, that will give us
relatively quick site control and allow us to progress the coal initiative.
Our goal is to secure site control for the less optimized site by next
Friday, the 4th of May.

Here's a basic summary of our immediate site options and an action plan:

1.) Less Optimized Site: (not subject to "bid")
 Bruce and I will contact regional land agents today to get a summary of
available sites.  We'll  travel up to the region Monday afternoon to scope
the sites on Tuesday.  We'll present an Option to Purchase offer to the
respective land owner and secure, at a minimum, a Letter of Intent by the 4th
of May.  Transaction needs to be in the name of an SPV.

2.) Gibbons Creek
 This site and PRB fired facility is owned by Texas Municipal Power Agency
(TMPA).  TMPA is comprised of Bryan, Garland, Denton, and Greenville.  Our
intent is to secure a site for a 525 MW PRB fired facility, and enter into a
Shared Services Agreement and O&M Agreement with TMPA.  There is interest on
the part of TMPA and this transaction is in play, however it's going to take
time.  Contemporaneously,  our immediate action is to gain some form site
control on the land.  It has been represented to us that an option to
purchase will be subject to the sealed bid process;  that takes too much
time.  Our interest is to close the option to purchase or some form of site
control within two weeks.  I'm going to contact Carl Shahady, TMPA's
attorney, to see if there is any latitude in the regs requiring a sealed
bid.  You're more than welcome to participate.  (TMPA wants to use a standard
Texas Real Estate Commission (TREC) form, which I have a copy of.)  Perhaps
we can put a month-to-month "option" on the site, which effectively takes the
property off of the market, while we go through the sealed bid process.
Legal questions:  (i) Any land transaction needs to be in the name of an SPV
- which one should we use? (ii) Coal projects don't fit into Turbo Park,
I've exchanged voice messages with BrianK to see what needs to be done here,
any suggestions?

3.) BPUB
 BPUB's Board approved the development LOI this past Monday, so we're ready
to go.  The optimal sites are at the port, and the port is subject to the bid
process.  The intent is to use the same form of option to lease contract as
we used for the TEX/MEX sites at the port.  Again, this site control is going
to take 6 to 8 weeks.  Aaron Roffwarg of B&P drafted the land contracts and
he helped negotiate between John Davidson, BPUB's outside counsel, and Dan
Rentfro, Brownsville Navigation District's outside  counsel.  I'm going to
contact Aaron this morning and get him spun up on the new contracts and have
him call DanR to get him alligned with our objectives.  Your more than
welcome to participate in my call with Aaron, too.  Scott and I are going to
meet with BPUB and with the Port tomorrow to indentify the site and confirm
our course of action

That's the plan.  I'll be calling each of you this morning so that we can all
get on the same page.

Thanks,

JMoore


The events of September 11th are still very much with us and will continue to be for some time, perhaps for as long as we live. For those who have not heard me say this regarding air travel,individuals should avail themselves of the travel services the company is offering in the way of guidance for those that are traveling and only travel by air for essential matters( until further notice). In addition, anyone who is currently  uncomfortable with the notion of air travel  need not do so...we will work around this for as long as the need exists. The company has also provided information on the availability of counseling services should anyone have the need- please contact HR or the Benefits Group for further information.
     A final couple of notes: If there is a silver lining in the events of September 11th, it is the kindness, generosity, and humanity it brings out in the rest of us...I have seen this play out in untold ways in our "group",both in London and at home,  over the last nine days , including( to a person) the absence of any hint of bias being shown towards the individual in our group who is an "Arab American" and a Muslim, Amr Ibrahim. My high regard and respect for the Government Affairs group and for each individual  has been validated many times over  during the past nine days. Thank you very much.--- Rick Shapiro
.


Start Date: 4/12/01; HourAhead hour: 10;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041210.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/12/01
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: EPMI_CISO_BERT
  ENGY_TYPE: FIRM


-----Original Message-----
From: christopher whitenton <cwhitenton@yahoo.com>
To: Lamar White <lamar@viccomm.com>; Russell White
<russellt@cottonrestorationinc.com>; Allison D. Wiatrek
<adwiatrek@cmsenergy.com>; skylar acock <rsacock@aol.com>; bruno
<THEHERBEN@YAHOO.COM>; Christopher <crisjen@zianet.com>; jason fortin
<jason1812@cs.com>; kenny haefner <CHAOSHAEFNER@webtv.net>; Gordon Liddy
<potent357@aol.com>; rex mayes <rexmayes@tisd.net>; MoFo
<carlione69@cs.com>; gary nellis <ni8train@aol.com>; orlando
<lomi84@aol.com>
Date: Friday, February 01, 2002 8:33 PM
Subject: Economics clearly explained

>
>
>Economics clearly explained?
>
>DEMOCRAT: You have two cows. Your neighbor has none.
>You feel guilty
>for being successful. You vote people into office who
>put a tax on your
>cows, forcing you to sell one to raise money to pay
>the tax. The people you
>voted for then take the tax money, buy a cow and give
>it to your
>neighbor. You feel righteous. Barbara Streisand sings
>for you.
>
>SOCIALIST: You have two cows. The government takes one
>and gives it to
>your neighbor. You form a cooperative to tell him how
>to manage his cow.
>
>REPUBLICAN: You have two cows. Your neighbor has none.
>So?
>
>COMMUNIST: You have two cows. The government seizes
>both and provides you
>with milk. You wait in line for hours to get it. It is
>expensive and
>sour.
>
>CAPITALISM, AMERICAN STYLE: You have two cows. You
>sell one, buy a bull,
>and build a herd of cows.
>
>DEMOCRACY, AMERICAN STYLE: You have two cows. The
>government taxes you to
>the point you have to sell both to support a man in a
>foreign country who
>has only one cow, which was a gift from your
>government.
>
>BUREAUCRACY, AMERICAN STYLE: You have two cows. The
>government takes them
>both, shoots one, milks the other, pays you for the
>milk, then pours the
>milk down the drain.
>
>AMERICAN CORPORATION: You have two cows. You sell one,
>lease it back to
>yourself and do an IPO on the 2nd one. You force the 2
>cows to produce the
>milk of four cows. You are surprised when one cow
>drops dead. You spin an
>announcement to the analysts stating you have
>downsized and are reducing
>expenses. Your stock goes up.
>
>FRENCH CORPORATION: You have two cows. You go on
>strike because you want
>three cows. You go to lunch. Life is good.
>
>JAPANESE CORPORATION: You have two cows. You redesign
>them so they are
>one-tenth the size of an ordinary cow and produce
>twenty times the
>milk.  They learn to travel on unbelievably crowded
>trains. Most are at
>the top of their class at cow school.
>
>GERMAN CORPORATION: You have two cows. You reengineer
>them so they are all
>blond, drink lots of beer, give excellent quality
>milk, and run a
>hundred miles an hour. Unfortunately they also demand
>13 weeks of
>vacation per year.
>
>ITALIAN CORPORATION: You have two cows but you don't
>know where they are.
>While ambling around, you see a beautiful woman. You
>break for
>lunch. Life is good.
>
>RUSSIAN CORPORATION: You have two cows. You count them
>and learn you have
>five cows. You have some more vodka. You count them
>again and learn you
>have 42 cows. You count them again and learn you have
>12 cows. You stop
>counting cows and open another bottle of vodka. You
>produce your 10th,
>5-year plan in the last 3 months. The Mafia shows up
>and takes over however
>many cows you really have.
>
>TALIBAN CORPORATION: You have all the cows in
>Afghanistan, which is two.
>You don't milk them because you cannot touch any
>creature's private
>parts.
>
>POLISH CORPORATION: You have two bulls. Employees are
>regularly maimed and
>killed attempting to milk them.
>
>FLORIDA CORPORATION: You have a black cow and a brown
>cow. Everyone votes
>for the best looking one. Some of the people who like
>the brown one best
>vote for the black one. Some people vote for both.
>Some people vote for
>neither. Some people can't figure out how to vote at
>all.
>Finally, a bunch of guys from out-of-state tell you
>which is the best
>looking one.
>
>NEW YORK CORPORATION: You have fifteen million cows.
>You have to choose
>which one will be the leader of the herd, so you pick
>some fat cow from
>Arkansas
>
>
>__________________________________________________
>Do You Yahoo!?
>Great stuff seeking new owners in Yahoo! Auctions!
>http://auctions.yahoo.com
>