i heard they might move the wedding to miami

 -----Original Message-----
From: 	"Ryan Lee" <ralee@rmi.net>@ENRON [mailto:IMCEANOTES-+22Ryan+20Lee+22+20+3Cralee+40rmi+2Enet+3E+40ENRON@ENRON.com]
Sent:	Tuesday, May 15, 2001 6:53 PM
To:	Lenhart, Matthew; Peder Kjeseth ; merlinm
Cc:	scott.morrill
Subject:	Re: Jen and Max!!!!

Did they just assume we can all afford this! I'm poor and  stupid, I don't know how I will do it!   Ryan
----- Original Message -----
From:  Lenhart, Matthew << File: mailto:Matthew.Lenhart@ENRON.com >>
To: Peder Kjeseth  << File: mailto:pederleifkjeseth@hotmail.com >> ; ralee << File: mailto:ralee@rmi.net >>  ; merlinm << File: mailto:merlinm@uswest.net >>  ; Lenhart, Matthew << File: mailto:Matthew.Lenhart@ENRON.com >>
Cc: scott.morrill << File: mailto:scott.morrill@grubb-ellis.com >>
Sent: Tuesday, May 15, 2001 3:35 PM
Subject: RE: Jen and Max!!!!
i just looked at the prices for flights to cayman and they run  around
$600.  this is going to cost over $1000.  start saving  now.
>  -----Original Message-----
> From: Peder  Kjeseth  [mailto:pederleifkjeseth@hotmail.com << File: mailto:pederleifkjeseth@hotmail.com >> ]
> Sent: Wednesday, May 09, 2001 6:14 PM
> To: ralee; merlinm;  Matthew.Lenhart
> Cc: scott.morrill
> Subject: Re: Jen and  Max!!!!
>
>
> I think we should dig up that slip that Matt  Hersh gave to Max saying
> that
> he might have been exposed to an  STD and then get the photo of his
> cock in a
> doughnut to  complete the circle.  Has anyone fwded that mail to Coco?
>  I'm
> sure she has a couple fond memories for the two of them to  savor
> throughout
> their marrige.
>
> -PLK
>
>
> >From: "Ryan Lee" <ralee@rmi.net << File: mailto:ralee@rmi.net >> >
> >To: <merlinm@uswest.net << File: mailto:merlinm@uswest.net >> >, <Matthew.Lenhart@enron.com << File: mailto:Matthew.Lenhart@enron.com >> >
>  >CC: <Matthew.Lenhart@enron.com << File: mailto:Matthew.Lenhart@enron.com >> >,  <pederleifkjeseth@hotmail.com << File: mailto:pederleifkjeseth@hotmail.com >> >,
>  ><scott.morrill@grubb-ellis.com << File: mailto:scott.morrill@grubb-ellis.com >> >
>  >Subject: Re: Jen and Max!!!!
> >Date: Wed, 9 May 2001 12:55:06  -0600
> >
> >What is this book thing. I will crack skulls!  I'll wipe a booger on
> the
> >first page. Then I'll sign it  "REMO"!
> >
> >----- Original Message -----
>  >From: <Matthew.Lenhart@enron.com << File: mailto:Matthew.Lenhart@enron.com >> >
>  >To: <merlinm@uswest.net << File: mailto:merlinm@uswest.net >> >
> >Cc:  <Matthew.Lenhart@enron.com << File: mailto:Matthew.Lenhart@enron.com >> >;  <pederleifkjeseth@hotmail.com << File: mailto:pederleifkjeseth@hotmail.com >> >;
>  ><ralee@rmi.net << File: mailto:ralee@rmi.net >> >; <scott.morrill@grubb-ellis.com << File: mailto:scott.morrill@grubb-ellis.com >> >
>  >Sent: Wednesday, May 09, 2001 11:27 AM
> >Subject: Re: Jen and  Max!!!!
> >
> >
> > >
> > > i think  she is one of jen's cougar friends.  that is such a chick
>  thing
> >to
> > > do.
> > >
>  >
>
>  _________________________________________________________________
> Get  your FREE download of MSN Explorer at http://explorer.msn.com << File: http://explorer.msn.com >>
>


Please send a NDA to

Chris Santa Ana
Human Code, Inc.
chris.santa_ana@humancode.com
512 651-1667


Effective March 1, 2002, I will not be working the 9/80 schedule anymore.  Please let me know if you need anything else from me.

Thanks,
Lindy


Attached is a sample Master Firm Purchase Sale Agreement for your customer.
You will need to contact one of the following for a SWAP agreement as I do
not have these:

Stephanie Panus, Susan Bailey, Samantha Boyd,

Please let me know if you need further assistance.

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


Enerfax GOLD
NORTH AMERICA'S FREE  GAS, OIL, LIQUIDS & DERIVATIVES
INFORMATION SOURCE
   Wednesday, January 2, 2002  No. 453
Visit our website at: http://www.enerfaxgold.com/,

PETROLEUM PRICES
| Bonny Light      |  $19.93
| Brent            |  $19.75
| Butane           |  $ 0.38
| Fuel Oil #2      |  $ 0.56
| Louisiana        |  $20.75
| Medit.           |  $19.40
| Propane Non-tet  |  $ 0.34
| Propane Wet-tet  |  $ 0.34
| W. Tx Int Cush   |  $20.43
| W. Tx Sour       |  $18.83

| Euro in US equiv |  0.8838
-------------------------------------------------------------
Todays Petro Bulletins
 * Baker Hughes Says Number of Rigs Searching for Oil and Natural Gas
in US Rose by 5 to 887 Last Week Compared to 1,114 a Year Ago; Canada
Down 94 to 198, Compared to 322 Last Year; Gulf of Mexico Gained 11
to 119 Compared to 145 a Year Ago; Rigs Searching for Oil Down 3 to
137
 * Justice Department and EPA Order $340 Million California Superfund
Cleanup
 * Fitch Lowers Ultramar Diamond Shamrock's Ratings to `BBB-'
from `BBB'; Affirms Valero Energy
 * S&P 500 Index Down 12.4% for 2001
 * US Economy on Sounder Footing for 2002
 * Goldman Sachs Cuts Estimates on Several Energy Stocks; Forest Oil
Fiscal Year 2002 Earnings Cut to $0.51 per Share, Down from $0.59
 * Iran Seeks to Seal Phases 9 & 10 of South Pars Natural Gas Deals
in January
 * Norway Says It Will Cut 150,000 bpd
 * Gulf Arabs Appeal for Calm in India and Pakistan
-------------------------------------------------------------
NYMEX - NY Harbor Heating Oil
Month   High   Low    Last   Change
Jan 02 0.5900 0.5650 0.5665 +0.0000
Feb 02 0.5960 0.5690 0.5705 +0.0000
Mar 02 0.5925 0.5660 0.5690 +0.0000
Apr 02 0.5810 0.5640 0.5640 +0.0000
May 02 0.5810 0.5580 0.5580 +0.0000
Jun 02 0.5745 0.5590 0.5590 +0.0000
Jul 02 0.5860 0.5640 0.5640 +0.0000
Aug 02 0.5795 0.5705 0.5705 +0.0000
Sep 02 0.5955 0.5785 0.5785 +0.0000
Oct 02 0.5990 0.5870 0.5870 +0.0000
-------------------------------------------------------------
NYMEX Crude Oil Futures ($ / Barrel)
Month  Open  High   Low  Last  Change
Feb 02 21.22 21.38 20.38 20.41 -0.49
Mar 02 21.53 21.60 20.62 20.66 -0.48
Apr 02 21.64 21.64 20.80 20.80 -0.44
May 02 21.15 21.55 20.91 20.93 -0.41
Jun 02 21.72 21.80 21.00 21.00 -0.40
Jul 02 21.75 21.75 21.01 21.01 -0.40
Aug 02 21.79 21.79 21.04 21.04 -0.40
Sep 02 21.63 21.63 21.07 21.07 -0.40
Oct 02 21.35 21.35 21.10 21.10 -0.73
Nov 02 00.00 00.00 00.00 21.13 -0.73
-------------------------------------------------------------
Crude Oil Futures Slide Despite OPEC Cut

    Crude oil futures for February delivery on the NYMEX lost $0.49
to $20.41 per barrel on Friday, despite OPEC's official announcement
of a 1.5 million bpd cut in production after other producers agreed
to slice 462,500 bpd from their combined output. Crude oil prices
rose to $21.38 per barrel but then slumped after OPEC's president
said the cartel would be happy with anything above $20 per barrel for
Brent crude. However many doubt not only the cartels ability, but the
strength of commitment by non-members to stick to their lower
production quotas. The OPEC countries with quotas pumped 600,000 over
their limits in November. But Nigeria was responsible for half of the
cheating, producing 300,000 barrels over its quota. Nigeria's OPEC
representative is slated to become the cartel's new president on
January 1st, effectively putting pressure on the country to adhere to
its limits. Some positive news for the market was found as consumer
confidence posted its biggest gain in almost 4 years, home sales
climbed and unemployment rates stabilized. Heating oil futures for
January delivery on the NYMEX declined $0.0015 to $0.5665 per gallon.
January gasoline futures on the NYMEX fell $0.0071 to $0.5856 per
gallon. In London, Brent crude oil futures for February delivery on
the IPE were down $0.04 to $20.30 per barrel.
-------------------------------------------------------------
                        Power Traders

If you like tools, wouldn't it be nice to have one that makes you
money?   --Profit from Time2Trade(tm)

                        Power Analysts

If you like detail, wouldn't it be great to have it all?
--AcuPower - Now with Trader & Analyst Consoles

For a free trial go to http://www.capacitymap.com/
-------------------------------------------------------------
NYMEX Henry Hub Natural Gas Futures
12 Month Strip  2.9464  +0.1528
18 Month Strip  3.0296  +0.1073
| Month | High  |  Low  | Close | Change |
| FEB   | 2.780 | 2.680 | 2.774 | +0.155 |
| MAR   | 2.755 | 2.695 | 2.746 | +0.116 |
| APR   | 2.730 | 2.670 | 2.724 | +0.094 |
| MAY   | 2.780 | 2.700 | 2.769 | +0.088 |
| JUN   | 2.830 | 2.765 | 2.824 | +0.084 |
| JUL   | 2.875 | 2.820 | 2.870 | +0.082 |
| AUG   | 2.916 | 2.880 | 2.916 | +0.083 |
| SEP   | 2.930 | 2.919 | 2.919 | +0.076 |
| OCT   | 2.950 | 2.930 | 2.947 | +0.069 |
| NOV   | 3.140 | 3.120 | 3.135 | +0.067 |
| DEC   | 3.350 | 3.310 | 3.323 | +0.065 |
| JAN   | 3.419 | 3.400 | 3.410 | +0.062 |
-------------------------------------------------------------
Refining Margins Forecast to Shrink in 2002

    Oil refiners around the world will likely experience shrinking
profit margins in 2002 as a global economic slump has sharply lowered
demand. The US, Asia and Northwest Europe all have a hefty oversupply
of oil inventories. Refinery runs can be expected to stay 10% - 50%
below capacity in Asia. Although the percentage may not be as quite
as dismal in Europe and the many still expect lower refinery profits
for early 2002 and possibly for most of the year on both continents.
Asia's margins were mostly negative this year while US margins hit $6-
$9 per barrel early in 2001 but fell to $3 - $4 per barrel later in
the year. European margins were mostly unchanged at an average of
about $2.00 per barrel. In Northwest Europe, refiners' profits depend
on how US gasoline prices fare, as a large portion of Europe's
surplus gasoline is exported across the Atlantic. Northwest European
refiners have cut up to 20% of runs in the last month. On average for
2001, margins for Northwest Europe refineries running Brent crude are
estimated to be less than $2.00 per barrel, below the $3.00 average
for 2000, but well above the $1.20 per barrel Northwest European
margins of 1999.
-------------------------------------------------------------
Energy Releases
Opt in Email has 9 times the response of regular mail and costs less
than
the postage. Have your press or news releases sent to over 50,000
energy
professionals. For More Information
Write Energyreleases@yahoo.com
-------------------------------------------------------------
Oilfield Services Most Volatile Stocks in Energy Sector

    Oilfield service stocks, which often climb or fall by 5% or more
one day, then swing in the other direction the next day, are the most
volatile group within the energy sector. Energy stocks are among the
most unpredictable in the US stock market, shifting along with oil
and natural gas prices that can soar or sink with a sudden change in
the weather. In the category of energy stocks, oilfield services can
be the most unstable because their earnings are tied to the ups and
downs of drilling activity. When companies lower their drilling
activity, equipment and service companies do not get hired but still
have many fixed costs. The upstream oil and natural gas exploration
and production business is the next most volatile sector of the
energy industry, with integrated oil companies being the most stable
because their refining and marketing operations can counteract their
upstream business. In 1998 oil prices dropped from $17.60 to about
$12 and the Philadelphia stock exchange's oil service index fell 55%
while the S&P oil and gas exploration and production index tumbled
39%. The S&P index of integrated oil companies climbed 6% that year.
The next year, oil prices rebounded to $25.60 per barrel and oil
service stocks jumped by 67%, the upstream sector rose 17% and
integrated oils increased 15%. Last year, contrary to the law of
averages, natural gas prices sky-rocketed to $9.80 per Mcf and
upstream endeavors gained 57% while oil services rose 45% and
integrated oils climbed 6%. In a stock rating system, values above 1
indicate greater risk for volatility, values below 1 show lower than
average volatility. Several oil field service companies have ratings
as high as 1.7, while ExxonMobil is rated 0.4. Some analysts say that
investors could see a potential upside next year by moving away from
the relative safety of the major integrated oil companies towards
more volatile energy stocks.
-------------------------------------------------------------
  GET REAL about energy risk management with KWI

In today's fast moving energy markets you need to be able to manage
risk in real time.
That means knowing before you hit a risk problem, not afterwards when
it may be too late to prevent big losses spreading right through your
enterprise.

With kW3000(tm), our multi-commodity, integrated front to back office
software, you can monitor your Profit At Risk(tm), counterparty risk
and mark-to-market all in real time.

Keep alert to risk. Do it in real time. Call KWI -http://www.kwi.com/
Americas: +1-281-681-3301 / Europe: +44 (0) 20-7386-2700 / Asia
Pacific: +61(0) 2-9976-6111
-------------------------------------------------------------
R. W. Beck is an engineering and management consulting firm serving
utilities, developers, financiers and governments worldwide.  Founded
in
1942, we help our clients face energy market challenges by providing:
Portfolio Analysis to improve diversification and risk-adjusted
performance
of energy assets.
Risk Control services to help reduce the probability of losses.
Systems and Facilities services to identify, design and implement
effective
risk management systems.
Training to improve your ability to identify and manage tactical and
strategic risks.
Please visit our web site at http://www.rwbeck.com.
------------------------------------------------------------
Judge Recuses Himself in Unocal Patent Case

Unocal has said that a US District Court Judge recused himself from
the case involving infringement on the its '393 gasoline patent due
to his discovery that he had a financial interest in one of the
parties involved. The case will be returned for reassignment. In
October, the judge granted the company's motion for summary judgment
requesting an accounting of infringement of its '393 cleaner burning
gasoline patent by 5 refiners. However, a written judgment had not
been issued. Further proceedings in the case will now be considered
by the new judge. The defendants in the case are Atlantic Richfield,
Chevron, Texaco, Exxon, Mobil and Shell. In 1997, a jury found the
Unocal patent valid and that the defendants had infringed upon it in
their refining processes. The jury awarded damages of $0.0575 per
infringing gallon. Unocal received a payment of $69 million plus
accrued interest and some attorneys' fees in June 2000 for
infringement from March through July, 1996. About 29% of the RFG
gasoline manufactured by the defendants during that period infringed
on the '393 patent. The jury decision was upheld by an Appeals Court
in May 2000. In February of 2001, the Supreme Court declined to hear
the case. License agreements have been signed with 8 companies for
the 5 patents that Unocal holds for cleaner burning gasoline
compositions. Earlier this year, Unocal introduced a uniform
licensing program that specifies a range of between $0.12 and $0.34
per gallon for volumes that fall under the Unocal patents. The rate
per gallon is reduced as more utilization occurs.
------------------------------------------------------------
IPE-Brent Crude futures (US $/barrel)
Month  First  High  Low   Sett  Chg
FEB 02 20.70 20.90 20.25 20.30 -0.04
MAR 02 20.25 20.48 19.85 19.89 -0.12
APR 02 20.28 20.43 19.86 19.88 -0.13
MAY 02 20.36 20.41 19.92 19.92 -0.14
JUN 02 20.38 20.58 20.01 20.01 -0.15
JUL 02 20.44 20.44 20.08 20.08 -0.18
AUG 02 20.13 20.13 20.13 20.13 -0.19
SEP 02 20.64 20.65 20.18 20.18 -0.20
OCT 02 20.23 20.23 20.23 20.23 -0.21
NOV 02 20.28 20.28 20.28 20.28 -0.20
-------------------------------------------------------------
NYMEX-Mont Belvieu Propane
Gas Futures($ / Gallon)
Month    High   Low   Last   Change
JAN 02 0.3400 0.3400 0.3400 +0.0000
FEB 02 0.3420 0.3420 0.3420 +0.0000
MAR 02 0.3400 0.3400 0.3400 +0.0000
APR 02 0.3390 0.3390 0.3390 +0.0000
MAY 02 0.3415 0.3415 0.3415 +0.0000
JUN 02 0.3425 0.3425 0.3425 +0.0000
JUL 02 0.3485 0.3485 0.3485 +0.0000
AUG 02 0.3560 0.3560 0.3560 +0.0000
SEP 02 0.3660 0.3660 0.3660 +0.0000
OCT 02 0.3660 0.3660 0.3660 +0.0000
-------------------------------------------------------------
ENERGY JOB LISTINGS
Whether you are actively looking for a job, or want to explore
opportunities in the energy industry, go to
http://www.energyjobs.com. At Energyjobs.com, your job hunting is
made easy, convenient and confidential. Conduct your own search or
participate in our Job Match feature, which accurately matches  your
qualifications, experience and requirements to any new job that
appears, and then sends you an e-mail notification! Best of all,
membership > is FREE. To register and become a member, simply go to
http://www.energyjobs.com/jobseeker_registration_frm.html
-------------------------------------------------------------
IPE - ARA Gas Oil Futures $ / Tonne
Month   High   Low    Sett  Change
JAN 02 177.00 169.00 169.50 - 4.50
FEB 02 178.00 172.25 172.25 - 3.00
MAR 02 178.25 172.75 172.75 - 3.00
APR 02 178.00 173.50 173.50 - 2.75
MAY 02 175.00 174.00 174.00 - 3.00
JUN 02 179.75 175.00 175.00 - 3.25
JUL 02 176.50 176.50 176.50 - 3.25
AUG 02 178.00 178.00 178.00 - 3.25
SEP 02 184.00 179.75 179.75 - 3.25
OCT 02 181.50 181.50 181.50 - 3.25
-------------------------------------------------------------
NY HARBOR UNLEADED GAS FUTURES
Month   High   Low    Last   Change
Jan 02 0.6070 0.5770 0.5856 +0.0000
Feb 02 0.6150 0.5830 0.5883 +0.0000
Mar 02 0.6220 0.5960 0.5983 +0.0000
Apr 02 0.6820 0.6588 0.6588 +0.0000
May 02 0.6680 0.6628 0.6628 +0.0000
Jun 02 0.6670 0.6613 0.6613 +0.0000
Jul 02 0.6745 0.6545 0.6545 +0.0000
Aug 02 0.6645 0.6450 0.6450 +0.0000
Sep 02 0.6525 0.6305 0.6305 +0.0000
Oct 02 0.6140 0.6065 0.6065 +0.0000
--------------------------------------------------------------
Get familiar with oil-gasoline.com, inc. This web site ranks
among the favorite sites for petroleum company executives.
In 2002, the corporation plans to run an interactive crude
oil model to provide the latest status of world-wide supply
and demand. You will want to bookmark this one!
-------------------------------------------------------------
ExxonMobil May Withdraw Bid for China Pipeline Project

    ExxonMobil is considering pulling out of talks to build a $5
billion natural gas pipeline in China. The withdrawal would leave
Royal Dutch/Shell Group as the only major foreign oil company taking
part in the project and may affect its funding. The 4,000-kilometer
pipeline, China's longest, is part of a $14 billion plan to transport
reserves in the northwestern province of Xinjiang to Shanghai.
-------------------------------------------------------------
  ENERGY.
@ENERGY(r), FEA's Complete Suite of Energy Products,
BUILT FOR THE FUTURE.

*Manage all your energy risks.
*Build and Price deals.
*Value physical assets (generation, storage, etc.)
*Report and reduce your energy risks

FEA
FINANCIAL ENGINEERING ASSOCIATES Inc.
http://www.fea.com/?cId=14

main phone number:  1 510-548-6200
email address: info@fea.com
-------------------------------------------------------------
PHYSICAL GAS PRICES
Gulf/Eastern Region
| Agua Dulce              | 2.44  |
| ANR SE                  | 2.59  |
| Carthage TG             | 2.53  |
| Chicago Citygate        | 2.70  |
| Columbia Gulf Onshore   | 2.67  |
| Dominion South Point    | 2.80  |
| Henry Hub               | 2.64  |
| Houston Ship Channel    | 2.59  |
| Katy Hub                | 2.53  |
| NGPL LA Pool            | 2.57  |
| NGPL - Midcontinent     | 2.51  |
| NGPL STX                | 2.49  |
| NGPL TX/OK              | 2.53  |
| NNG Demarc.             | 2.58  |
| Niagara                 | 2.89  |
| Sonat Tier 1            | 2.60  |
| TCO IPP Pool            | 2.76  |
| Tetco ELa               | 2.57  |
| Tetco M-3               | 3.20  |
| Tetco STX               | 2.44  |
| TGP Zone 0              | 2.48  |
| TGP Zone 1 (500 Leg)    | 2.59  |
| TGT Zone SL             | 2.64  |
| New York Citygate       | 3.46  |
| Transco Station 65      | 2.66  |
| Transco Zone 6 (NY)     | 3.47  |
| Trunk ELa               | 2.59  |
| Western Region
| California Border       | 2.47  |
| El Paso Keystone        | 2.34  |
| El Paso San Juan-Blanco | 2.32  |
| Waha Hub                | 2.46  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 3.57  |
| Dawn Hub/Union          | 2.81  |
| Northwest Stanfield     | 2.37  |
| Wyoming Pool            | 2.24  |
| Opal/Kern River         | 2.26  |
| PGT-Malin               | 2.42  |
| Sumas                   | 2.34  |
        Flow Dates 12/29-31
-------------------------------------------------------------
Judge Recuses Himself in Unocal Patent Case

Unocal has said that a US District Court Judge recused himself from
the case involving infringement on the its '393 gasoline patent due
to his discovery that he had a financial interest in one of the
parties involved. The case will be returned for reassignment. In
October, the judge granted the company's motion for summary judgment
requesting an accounting of infringement of its '393 cleaner burning
gasoline patent by 5 refiners. However, a written judgment had not
been issued. Further proceedings in the case will now be considered
by the new judge. The defendants in the case are Atlantic Richfield,
Chevron, Texaco, Exxon, Mobil and Shell. In 1997, a jury found the
Unocal patent valid and that the defendants had infringed upon it in
their refining processes. The jury awarded damages of $0.0575 per
infringing gallon. Unocal received a payment of $69 million plus
accrued interest and some attorneys' fees in June 2000 for
infringement from March through July, 1996. About 29% of the RFG
gasoline manufactured by the defendants during that period infringed
on the '393 patent. The jury decision was upheld by an Appeals Court
in May 2000. In February of 2001, the Supreme Court declined to hear
the case. License agreements have been signed with 8 companies for
the 5 patents that Unocal holds for cleaner burning gasoline
compositions. Earlier this year, Unocal introduced a uniform
licensing program that specifies a range of between $0.12 and $0.34
per gallon for volumes that fall under the Unocal patents. The rate
per gallon is reduced as more utilization occurs.
------------------------------------------------------------
 Energy Seminars, Inc. Announces Key Seminar Offerings for January:

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

Click to www.energyseminars.com to see our 2002 schedule.

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

Phone: 281-362-7979
FAX: 281-296-9922
-------------------------------------------------------------
Oilfield Services Most Volatile Stocks in Energy Sector

    Oilfield service stocks, which often climb or fall by 5% or more
one day, then swing in the other direction the next day, are the most
volatile group within the energy sector. Energy stocks are among the
most unpredictable in the US stock market, shifting along with oil
and natural gas prices that can soar or sink with a sudden change in
the weather. In the category of energy stocks, oilfield services can
be the most unstable because their earnings are tied to the ups and
downs of drilling activity. When companies lower their drilling
activity, equipment and service companies do not get hired but still
have many fixed costs. The upstream oil and natural gas exploration
and production business is the next most volatile sector of the
energy industry, with integrated oil companies being the most stable
because their refining and marketing operations can counteract their
upstream business. In 1998 oil prices dropped from $17.60 to about
$12 and the Philadelphia stock exchange's oil service index fell 55%
while the S&P oil and gas exploration and production index tumbled
39%. The S&P index of integrated oil companies climbed 6% that year.
The next year, oil prices rebounded to $25.60 per barrel and oil
service stocks jumped by 67%, the upstream sector rose 17% and
integrated oils increased 15%. Last year, contrary to the law of
averages, natural gas prices sky-rocketed to $9.80 per Mcf and
upstream endeavors gained 57% while oil services rose 45% and
integrated oils climbed 6%. In a stock rating system, values above 1
indicate greater risk for volatility, values below 1 show lower than
average volatility. Several oil field service companies have ratings
as high as 1.7, while ExxonMobil is rated 0.4. Some analysts say that
investors could see a potential upside next year by moving away from
the relative safety of the major integrated oil companies towards
more volatile energy stocks.
-------------------------------------------------------------

Energy Sponsor

Become the Official Sponsor of the Enerfax Publications.  This unique
opportunity is limited to one special company or organization.  For
more information please write
sponsor@enerfax.com
-------------------------------------------------------------
Washington DC
January 24, 2002
Spencer Abraham U.S. Secretary of Energy to address energy community
on
potential security and commerce threats. Also to speak will be key
directors
from the CIA, SPR, IEA, SPR and more. See complete
detail and register today at
http://www.wesc.org

-------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 added 24.39 points to 7674.97
The CRB Index lost 0.16 points to 191.91
The US Dollar dropped 0.23 points to 117.26
The Dow advanced 5.68 points to 10136.99
The S&P 500 climbed 3.89 points to 1161.02
The Nasdaq was up 10.84 points to 1987.26
February NYMEX Crude Oil fell 0.49 to 20.41
Canadian-US Exchange rose 0.0021 to 1.595
-------------------------------------------------------------
Please Welcome Our Advertisers by Visiting These Websites!
http://www.fea.com/
http://www.kwi.com/
http://www.capacitymap.com/
http://www.energyseminars.com
http://www.energyjobs.com
Enerfax Gold is the North America's Gas, Oil, Liquids and Derivatives
information source. It is sent to you free of charge. Enerfax Gold
may be copied and redistributed in its entirety to all interested
energy professionals.  Please send us the e-mail addresses of other
energy professionals that would like to be added to Enerfax Gold's
growing distribution list of thousands of energy professionals in the
US and Canada at
subscribegold@enerfax.com
The information contained herein was obtained from sources which
Enerfax Gold believes to be reliable, but does not guarantee its
accuracy.  Your support of our advertisers is greatly appreciated and
will keep Enerfax Gold free. Thank you. Your comments are welcome.
For information on advertising, please write advertising@enerfax.com

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


---------------------- Forwarded by Steven J Kean/HOU/EES on 08/01/2000 06:56
PM ---------------------------

Peggy Mahoney
08/01/2000 01:48 PM
To: Karen L Williams/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON, Steven J
Kean/HOU/EES@EES, James D Steffes/HOU/EES@EES, Jeff Dasovich/SFO/EES@EES
cc:
Subject: Duke release and news conference

Duke is holding a news conference at 3pm Central Time.  Call in number is
below.

Duke Energy Offers Governor Davis Solutions to California's Power Supply
Shortfall

     Committing to Deliver 3,000 Megawatts of New Supply to California
               And a Five-Year Fixed Price Supply Contract

    HOUSTON AND MOSS LANDING, Calif., July 31 /PRNewswire/ -- Duke Energy
North America (DENA) today offered to California Governor Gray Davis specific
solutions to address the state's electricity supply shortage proposing to
deliver 3,000 megawatts of new supply through the construction of generation
facilities.  In addition, DENA proposed a five-year, fixed-price supply
contract to incumbent utilities to address the immediate concern with volatile
electricity prices.
    "California's high electricity prices during peak-demand periods result
from insufficient supply to meet the demand," said Jim Donnell, president and
chief executive officer of DENA.  "In the past ten years, no significant new
power generation facilities have been built in California.  During the same
period, peak demand has risen more than 10,000 megawatts.  This combination
has caused the state's reserve margin to fall to less than 2 percent, which
necessarily results in higher prices and abnormal volatility."
    Under current procedures, it takes in excess of four years to deliver new
power generation in California.  To add substantial incremental generating
capacity to California, DENA proposed Governor Davis use his existing
authority under the California Emergency Services Act to streamline the
permitting process to facilitate the rapid construction of environmentally
friendly generation by 2001.  DENA also asked the governor to use his current
authority to allow California utilities to enter into bilateral contracts with
energy providers, so they could better manage their exposure to high energy
prices.
    To help solve the state's supply shortfall, DENA said it remained
committed to adding substantial generation in California.  Within two months
and upon receiving final regulatory approvals, the company will begin
construction on 1,000 megawatts at its Moss Landing facility.  The expansion
of the current 1,478-megawatt facility will be in commercial operation by
summer 2002.  And, with an expedited permitting process, DENA could deploy its
available resources to construct an additional 500 megawatts for commercial
operation in 2001 and 1,500 megawatts for 2002.
    To address the concern associated with the high energy prices experienced
this year, DENA offered to provide up to 2,000 megawatts of electricity to the
incumbent utilities at $50 per megawatt-hour for a five-year period beginning
Sept. 1, 2000.  This would mitigate the exposure to price spikes, for a
reasonable time period during which additional generation resources can be
built.
    "DENA is committed to help bring electricity price stability for the
citizens of California through these proposals," Donnell said.  "We are
confident that our expertise in building and operating power generation
facilities can help resolve the supply crisis."
    Duke Energy North America (DENA), is a leading wholesale energy services
company.  DENA, and its affiliates, including Duke Energy Trading and
Marketing, provides natural gas and power supply and services, and risk
management products to wholesale energy producers and users.  DENA also
develops, owns and manages a portfolio of merchant generation facilities.
DENA is a wholly owned subsidiary of Duke Energy.
    Duke Energy (NYSE: DUK), a diversified multinational energy company,
creates value for customers and shareholders through an integrated network of
energy assets and expertise.  Duke Energy manages a dynamic portfolio of
natural gas and electric supply, delivery and trading businesses -- generating
revenues of nearly $22 billion in 1999.  Duke Energy, headquartered in
Charlotte, N.C., is a Fortune 100 company traded on the New York Stock
Exchange under the symbol DUK.  More information about the company is
available on the Internet at:  http://www.duke-energy.com .

SOURCE  Duke Energy Corporation

Web site:  http://www.duke-energy.com

Company News On-Call:  http://www.prnewswire.com/comp/257451.html
or fax, 800-758-5804, ext. 257451

CONTACT: Tom Williams, California, 805-595-4270, or pager,
877-364-5170, or Bryant Kinney, 704-382-2208, both of Duke Energy
Corporation

EDITOR'S ADVISORY: Duke Energy North America will hold an
audioconference today at 1 p.m. Pacific time.  Jim Donnell,
president and chief executive officer, will discuss DENA's
position and proposed solutions for California's power supply
crisis.  Media representatives should dial 800/289-0437 and
provide access code 744661 to participate in the call.  The call
will be replayed later this afternoon.  Dial 888/203-1112 for the
replay and use the same access code above.


ARM press release on the filing at the Commission pointing out the legal errors in the Decision to suspend DA

-----Original Message-----
From: Fairchild, Tracy [mailto:tracy.fairchild@edelman.com]
Sent: Friday, September 28, 2001 3:31 PM
To: 'arem@electric.com'; 'nplotkin@rcsis.com';
'douglass@energyattorney.com'
Cc: Manuel, Erica; Allen, Stevan
Subject: FW: AReM release

AReMers,

This is the release that went to the media today.

 <<9-28Rehearing Release.doc>>


Vince & Vasant,

 The enclosed document discusses the incorporation of detailed ensemble
outputs into our mark-to-marketing routines. In the next few days I will
schedule an update on SMUD and perhaps we could spend a few minutes
discussing how to proceed with this.

Joe

---------------------- Forwarded by Joseph Hrgovcic/HOU/ECT on 10/26/2000
12:55 PM ---------------------------
Please respond to dchang@aer.com
To: Joseph.Hrgovcic@enron.com
cc:
Subject: Re: "White Paper"

Dr. Hrgovcic,

We look forward to your comments.

D. Chang

Joseph.Hrgovcic@enron.com wrote:
>
> Dr Chang,
>
>      Thank you for the white paper. I have distributed
> it to most of the parties concerned (the head of our research department is
> away this week) and am gathering feedback on how to proceed. I will be at a
> conference next week, but I hope to get back to you on the week of the
> 30th.
>
> Yours truly,
>
> Joseph Hrgovcic


> Subject: ANNOUNCEMENT: Executive Program on Credit Risk Modeling
>
> Credit Risk Modeling for Financial Institutions
March 4-9, 2001
at Stanford University Graduate School of Business

> Risk management specialists, Stanford Graduate School of Business
> professors of finance Darrell Duffie and Kenneth Singleton will be
> repeating their successful executive program on Credit Risk Pricing and
> Risk Management for Financial Institutions.  The course is created for
> risk managers, research staff, and traders with responsibility for credit
> risk or credit-related products, including bond and loan portfolios, OTC
> derivative portfolios, and credit derivatives.
>
> This program includes:
> * valuation models for defaultable bonds, OTC derivatives, and credit
> derivatives, with empirical applications to corporate and sovereign
> markets
> * empirical and theoretical assessments of models for measuring credit
> risk, with correlation, for portfolios
> * the strengths and limitations of current practice in credit risk
> measurement
> * practical issues in implementing credit modeling and risk systems
> * estimation of default and transition probabilities, and the
> correlations among the default risks of publicly traded companies, from
> historical data
>
>
> ___________________________________________________________
>
DETAILED PROGRAM INFORMATION INCLUDING AN APPLICATION IS INCLUDED IN THE
FOLLOWING ATTACHMENT -- or --- visit www.gsb.stanford.edu/exed/crm

> If you would like a hard copy brochure and application form, please
> contact:
> (make sure to include your MAILING ADDRESS)
>
> Shelby M. Kashiwamura
> Program Manager
> Executive Education
> Stanford Graduate School of Business
> (650) 723-9356 Phone
> (650) 723-3950 Fax
> kashiwamura_shelby@gsb.stanford.edu

 - APPLICATION FORM.doc
 - CRMMarch2001.doc


We are planning to hold a meeting to kick off the Phase 2 project of
EnronOnline on 3rd March in Houston.  This meeting will focus on the new look
for the site and content to be added based on our own thoughts and the
feedback from customers and our own trading desks.

A more strategic meeting on the direction for EnronOnline will be held later.

An agenda will be sent out at the beginning of next week.  For those outside
of Houston, copies of all presentations will be sent to you and you can
participate by phone if you wish.

Louise


Start Date: 4/27/01; HourAhead hour: 8;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042708.txt


long term forecast does not show it warming up either


I INFORMALLY SOUNDED PAUL OUT, AND HE EXPRESSED AN INTEREST IF THE DATES WORK.
Possible letter to Paul Joskow from Ken Lay
Dear Paul:
As you may have heard, Enron has an advisory committee consisting of
leaders in the academic and business communities (list attached). This
committee meets twice each year, along with invited speakers on subjects of
interest to Enron. Top executives of our company do their best to attend.
Starting on the afternoon of October 30, and concluding late in the day
on October 31, we will be meeting in London. I was most impressed with your
presentation at the Aspen Institute energy forum, and am hoping that you
might consider joining our meeting to discuss "Where do we go from here: how
to preserve the momentum of deregulation after California."
We would be delighted to cover business class travel costs and all other
expenses incident to your trip to London, including hotel costs should you
choose to extend your stay for several days. In addition, there would be an
honorarium of $XXXXXX.
Do try to join us: you will find the other speakers interesting, and
London a delightful place in which to spend a bit of time. And we would
benefit enormously from your participation.
Sincerely,


I would like to see research from all of these sources on areas of interest
to enron -- energy and broadband, North America and Europe.  Thanks

"Henry Emery" <HEMERY@firstunion1.com> on 07/19/2001 12:03:17 PM

To: undisclosed-recipients:;

cc:

Subject: Daily Research reports

Attached are two research reports that I can send to you on a daily basis.
One of our many benefits here at our new location is the availability of
various research sources. The two reports I have attached are from :
The First Union Securities Equity Marketing Group
and
Merrill Lynch
We also have access to Goldman Sachs research, and CS First Boston Research.
Please let me know if you would like me to continue sending these reports on
a daily basis, or if you have any particular companies that you are
interested in hearing about.

Sincerely,
Hank Emery

 - Spotlight071801.pdf.pdf
 - smith.pdf.pdf


I think Ted needs to read this.

No horse gets anywhere until he is harnessed. No stream or gas drives
anything until it is confined. No Niagara is ever turned into light and power
until it is tunneled. No life ever grows great until it is focused,
dedicated, disciplined. -Harry Emerson Fosdick


Please provide me an update on the progress of the working group you have led
this year.  There are several things I would like you to cover in this regard.

Did the working group function through the year or was it terminated (I
recognize there may be good reasons for the latter, but would like to
understand those reasons).

What did the group accomplish?

Would you recommend continuing it?   Any changes?

Are there other topics we should consider for working groups in the future?
Any changes to the working group process itself?

Please provide input on the individuals you worked with.  You should be able
to do this through the PEP system.  If you cannot, please provide the
feedback by confidential e-mail to me.  Because the PRC is coming up soon,
please provide the feedback by December 1.


As I told John this morning, we have similar issues with Var in the East.   The correlations between gas & power for the entire curve are based on the front month and the correlations between regions are also based on the front month.

I have requested changes to the Var calc several months back and have been assured it will be completed by the research group soon.


budet sdelano....

tol'ko chto dali kontrakt, ta zhe zarplata, nikakix bonusov, no zato net non-compete

-----Original Message-----
From: Natalie Bondareva [mailto:nxb@allegrodevelopment.com]
Sent: Friday, January 18, 2002 9:58 AM
To: Pimenov, Vladi
Subject: FW: Pre Requisites Business Information for Liquids Product Training

<<Crude Oil 1.ppt>> <<Glossary of Terms for Liquids Training in Allegro 6.doc>> <<NGL Basics.doc>> <<Oil Basics.doc>> <<Coal Overview - Allegro Challenge.ppt>> <<How a Refinery Works.doc>>

 Raspechatai, please, powerpoints i prinesi mne domoi - home reading...

-----Original Message-----
From: Chris Wich
To: Bianca Ornelas; David Granit; Felipe Ospina; Gohar Butt; Kevin Butler; Leslie Eck; Natalie Bondareva; Tim Waggett
Cc: Claus Fleckenstein
Sent: 1/16/02 5:52 PM
Subject: Pre Requisites Business Information for Liquids Product Training

Greetings!

Attached you'll find some reading materials for an introduction to the
Crude, Coal, NGL and Refined products industry.

Included is a general glossary of terms that we'll be using, PowerPoint
presentations for the Petroleum and Coal business, as well as some
documentations on refining, basics of NGL's and Crude Oil production,
refining, transportation and trading.

In addition, if you look on our intranet site, there is some additional
information to familiarize you with the business. It's located at
<http://inside.allegrodevelopment.com> under Industry Information.

After reviewing this data, you all should have a good knowledge of basic
terms and practices in the business.

Thanks for your attention, as I look forward to working with each of you
next week!

Christopher Wich, Jr.

Christopher Wich, Jr.
Product Analyst; Crude Oil, Coal, Refined Products, NGLs
AllegroDevelopment
1445 Ross Ave.
Suite 2200
Dallas, Texas 75202
(214) 237-8090
Fax: (214) 526-7076
cjw@allegrodevelopment.com

 <<Crude Oil 1.ppt>>  <<Glossary of Terms for Liquids Training in
Allegro 6.doc>>  <<NGL Basics.doc>>  <<Oil Basics.doc>>  <<Coal Overview
- Allegro Challenge.ppt>>  <<How a Refinery Works.doc>>


next to ene north

----Original Message-----
From: 	Hayden, Frank
Sent:	Wednesday, January 02, 2002 11:34 AM
To:	Parks, Joe
Subject:	RE:

I'll come down

 -----Original Message-----
From: 	Parks, Joe
Sent:	Wednesday, January 02, 2002 11:33 AM
To:	Hayden, Frank
Subject:	RE:

5th floor

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Wednesday, January 02, 2002 11:33 AM
To:	Parks, Joe
Subject:	RE:

Where you be at

 -----Original Message-----
From: 	Parks, Joe
Sent:	Wednesday, January 02, 2002 11:32 AM
To:	Hayden, Frank
Subject:	RE:

sure

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Wednesday, January 02, 2002 11:30 AM
To:	Parks, Joe
Subject:	RE:

You want to grab a sandwich?

 -----Original Message-----
From: 	Parks, Joe
Sent:	Wednesday, January 02, 2002 9:33 AM
To:	Hayden, Frank
Subject:

whats up? how was your holiday?


steve kleb can help you.

 -----Original Message-----
From: 	Howard, Kevin A.
Sent:	Wednesday, November 28, 2001 10:16 AM
To:	Geaccone, Tracy
Subject:	Cash forecast

Who has the daily cash flow forecast? We need to see what our near term cash flow needs are and stop the flow of cash upstream.

Kevin


I just spoke with Lawyer Burlingame and we're on for lunch.  My flight
arrives at 10:45 and I'll drop off my bag and head for Galatoire's.   Look
forward to seeing you.  ss

P.S.  My dad would like to treat us to lunch using "his waiter" who I think
is named Michael.


Ya

-----Original Message-----
From: Bass, Eric [mailto:Eric.Bass@ENRON.com]
Sent: Thursday, January 10, 2002 11:49 AM
To: Jason Bass
Subject: RE: Bachelor Party

I think you gave me a bad e-mail address for tom so can you find out if he is coming or not?
-----Original Message-----
From: Jason Bass [mailto:JBass@stdauto.com]
Sent: Thursday, January 10, 2002 12:02 PM
To: Bass, Eric
Subject: RE: Bachelor Party
He didn't say

-----Original Message-----
From: Bass, Eric [mailto:Eric.Bass@ENRON.com]
Sent: Thursday, January 10, 2002 11:21 AM
To: Jason Bass
Subject: RE: Bachelor Party

did he tell you if he was coming or not?
-----Original Message-----
From: Jason Bass [mailto:JBass@stdauto.com]
Sent: Thursday, January 10, 2002 10:20 AM
To: Bass, Eric
Subject: RE: Bachelor Party
Ya, I talked to him he said he would email you.

-----Original Message-----
From: Bass, Eric [mailto:Eric.Bass@ENRON.com]
Sent: Thursday, January 10, 2002 9:45 AM
To: Jason Bass
Subject: RE: Bachelor Party

I haven't heard back form Tom yet, but everyone else is going.
Can you get in touch with him?

-----Original Message-----
From: Jason Bass [mailto:JBass@stdauto.com]
Sent: Wednesday, January 09, 2002 4:56 PM
To: Bass, Eric
Subject: RE: Bachelor Party
So who all is coming and isn't?  I know Jeff can't make it.
-----Original Message-----
From: Jason Bass
Sent: Thursday, January 03, 2002 4:18 PM
To: 'Bass, Eric'
Subject: RE: Bachelor Party
That sounds like fun.  The date of the party is January 19, 2002.
Invites
Dad
Scott
smacfarland@gpch.org
Jeff Scott
jayandem@earthlink.net
Brian Lisenby
I will get that one
Ramiro Castano
lqcolombo@aol.com
Tom Fielder
tommybomb88@hotmail.com
Billy Brown
Billy.Brown2@COMPAQ.com

I think that is all.  I will finalize in the next couple of days.
Would you please send me your address?
Thanks,
Jason
-----Original Message-----
From: Bass, Eric [<mailto:Eric.Bass@ENRON.com>]
Sent: Thursday, January 03, 2002 3:35 PM
To: jbass@stdauto.com
Subject: Bachelor Party
<http://www.txtreasure.com/>

what do you think about this.

and you still need to send me a list of invitees (with e-mail)   and the date of the party.

-e

**********************************************************************
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.
**********************************************************************


Calif DWR Seen Asking PUC To Order 25% Rate Increase Fri
By Jason Leopold

07/13/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Of DOW JONES NEWSWIRES
(This article was originally published earlier Friday.)

LOS ANGELES -(Dow Jones)- The California Department of Water Resources, the
agency purchasing a bulk of the state's power needs in lieu of the three
investor-owned utilities, is expected to tell state regulators Friday that
they need to increase electricity rates by as much as 25%.

This is because there are insufficient funds in the current revenue stream
to cover a $13.4 billion bond sale, three commissioners with the Public
Utilities Commission told Dow Jones Newswires late Thursday.

PUC President Loretta Lynch is expected to issue a draft decision Friday
either endorsing the rate hike request or calling for an audit of the DWR's
current revenue stream before she makes a decision, aides in her office
said.

If the PUC determines that there are not enough funds in the current rate
structure to cover the bond sale, it will have no choice but to order the
rate increase, according to the legislation that put the state in the power
buying business.

Businesses are expected to bear most of the burden of the rate increase,
the second in just two months, if approved by the PUC, the commissioners
said.
"Back in May when we ordered the first rate increase, we said we may be
forced to do it again by the summer," one commissioner said.

"It's unfortunate, but it shouldn't be a shock to anyone. The state has
made an enormous commitment to Wall Street that rates would go up whenever
it's needed to ensure there is enough money to pay off those bonds."

Lynch and a spokesman for the DWR were unavailable for comment late
Thursday.

Separately, Assembly Speaker Pro Tem Fred Keeley, D-Boulder Creek, has
drafted a proposal expected to be introduced into the Assembly Friday or
Saturday that would have large businesses using the most electricity to
finance the bulk of the $43 billion in long-term power supply contracts,
aides in his office said.
Moreover, Keeley's plan is aimed at reducing rates for consumers who use
the least amount of power. Details of the plan are still sketchy, aides
said.

Possible Rate Hike To Generate $2.5B Yearly For State

The 50% rate increase ordered in May is expected to generate $5 billion
annually, and if the PUC orders a 25% increase, that is expected to
generate $2.5 billion. However, it is still unclear if that is enough, the
commissioners said.

Businesses are expected to bear most of the burden of the rate increase,
the second in four months, if approved by the PUC, the three commissioners
said.
Since January, the state has spent nearly $8.5 billion buying electricity
on behalf of customers of Edison International (EIX) unit Southern
California Edison, Sempra Energy (SRE) unit San Diego Gas & Electric and
PG&E Corp. (PCG) unit Pacific Gas & Electric.

The state has borrowed more than $7 billion from its general fund, which
must be repaid by ratepayers at 6% interest, to purchase power.

In addition, the state has locked itself into $43 billion in long-term
power supply contracts at high prices for as much as 20 years to ensure
there is enough power to meet demand. Future rate increases to finance the
contracts are likely, state officials have said.

But if the PUC orders another rate increase, the money won't benefit the
utilities, which have billions of dollars in power costs to recover.
Instead, it will be used to guarantee Wall Street financial institutions
that there is sufficient funds in the rate structure to allow $13.4 billion
in revenue bonds to be sold.

The bonds are expected to be sold in August or September, said state
Treasurer Phil Angelides.

The commissioners said the PUC and the DWR waited to address another rate
hike to see if state officials and generators were successful in coming to
terms on $8.9 billion the state says it was overcharged for power since
last year.

After two weeks of hearings between generators and a delegation of
California utility executives and energy officials, talks broke down
Monday. Generators offered the state $716 million in refunds, but Gov. Gray
Davis balked, threatening to sue to recover the full $8.9 billion.

Any refunds would have been disbursed to the utilities and the DWR, which
could have deferred the need for any rate increase, according to Steve
Maviglio, press secretary to Davis.

An administrative law judge with the Federal Energy Regulatory Commission
said Thursday he will recommend that the commission not order cash refunds
to California because the state's utilities owe far more money to the
generators than what he thinks the state is owed.

-By Jason Leopold; Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com


Harry,

Thank you for taking time last week to meet with me and for arranging the
other meetings as well.  I enjoyed our discussion and learning about the
various opportunities within Enron.  I have been impressed with every group
at Enron.  I hope that we can keep in touch over the next few months.

Thank you again.

Sincerely,

Vic

Vic Gatto
Owen Graduate School of Management
Vanderbilt Universtiy
(615) 292-7414
vic.gatto@owen2002.vanderbilt.edu


Scott,

I emailed you the attached profile a month or so ago. At that time, you
were at NYMEX + $0.68 with a trigger. The customer is finally ready to do
something and I was wondering if you could update the price for me this
afternoon. You can just email back your quote if it is easier.

Thanks,

Thomas E. Spencer

Vice President
Empire Natural Gas
607-656-7851
 - ChessProfile.xls


[IMAGE]
 [IMAGE][IMAGE]       [IMAGE] Yahoo! Warehouse - What's In It For You Visit the Yahoo! Warehouse  grand opening for deals on used, overstock, and clearance goods from distributors, liquidators, and individual sellers. Buy your favorite books, music, DVDs and videos, video games, computers, and electronics at bargain prices! Got stuff to sell? It's a cinch to list your items and watch your business grow.    Four Dimensions of Shopping The New Yahoo! Shopping  consists of Shopping, Warehouse, Auctions, and Classifieds. Select the universal search box to find that perfect holiday gift, or make a purchase for yourself or your business. Buy brand-name goods from catalog merchants or boutique storefronts; commodity items from discount sellers; one-of-a-kind collectibles on auction; or cars, pets, furnishings, and more from sellers in your local area.   Shop at Home for the Holidays Find great gift ideas and seasonal specials at the Yahoo! Shopping Gift Center . Or visit the Cosmo Gift Guide 's boutique collection of presents for the ladies on your list, including Mom (plus treats for that special someone -- you)! From Yahoo! Shopping and Cosmopolitan Magazine -- your favorite things for the holidays or anytime.   Desktop Essentials Made Easy One simple download gets you started with three powerful Yahoo! Essentials : Yahoo! Messenger, for instant messaging; Yahoo! Companion, a custom toolbar for your browser; and the Messenger Explorer bar, for access to messaging within your browser. Don't miss Yahoo! Messenger's new IMVironments  -- liven up your instant chat with interactive themes like Dilbert, Hello Kitty, or the Super Smash Bros. Set up your Windows desktop for easy access to your favorite Yahoo! services and preferences.     More Great Ways to Yahoo!    Short Takes * Put Your Resume Where the Jobs Are  - Create an online resume and post it for free on Yahoo! Careers -- thousands of jobs listings are just a click away. Let employers find you.  * Consumer Reports Auto Hub  - Steer your way to expert, unbiased buying advice before you shop the showrooms. Get 90-day access to over 150 in-depth vehicle reports for only $9.95. Sample one of the free reports on Yahoo! Autos, like this Best & Worst Used Cars .  * Simplify Your Financial Life  - Let Yahoo! Finance organize all your accounts, calculate and monitor your net worth, and automatically create budgets that save you money. Completely free!  * Yahoo! Mortgage Center  - Mortgage interest rates keep falling. Want to see how much you could save by refinancing? Apply online for a loan and receive up to four offers.      Cool Stuff * Shop for Thanksgiving  - Everything you need for a feast at home or away: cookbooks, centerpieces, tools for roasting and carving, and even the tenderest turkeys.  * Want to Sell Your Car?  - Advertise your vehicle on Yahoo! Auto Classifieds -- it's easy to reach an audience of millions. Only $14.95 for 21 days. Use Yahoo! Wallet and our secure web submission form.  * Fantasy NBA  - What's bigger, badder, and better than Yahoo! Sports' free Fantasy NBA? Premium add-ons that raise your game to a new level. Try the Fantasy NBA StatTracker, only $7.95 for an edge that lasts all season. Then, get Wireless Access for those remote last-minute moves -- $3.95 buys you a season's worth of mobile play.  * Yahoo! Personals  - Make a date, find a mate. Membership is less than $20 a month. Join ClubConnect now and get your first month free. Offer available until November 30, 2001.     Copyright ? 2001 Yahoo! Inc. All rights reserved.

   You received this email because your account information indicates that you wish to be contacted about special offers, promotions and Yahoo! features.  If you do not want to receive further mailings from Yahoo! Delivers, unsubscribe by clicking here  or by replying to this email.  You may also modify  your delivery options at any time.   To learn more about Yahoo!'s use of personal information, including the use of web beacons  in HTML-based email, please read our Privacy Policy .


---------------------- Forwarded by Greg Whalley/HOU/ECT on 05/08/2001 08:54
AM ---------------------------

"Michael Walker" <walkerm@kingwoodcable.com> on 05/02/2001 07:50:43 AM
To: <greg.whalley@enron.com>
cc:
Subject: TransModel Mutual NDA

Again.? Sorry,?I forgot the attachment  last night
?
Attached is?a mutual non-disclosure agreement  to facilitate our discussions
concerning the TransModel transmission status  system.? I will call you today
(Wednesday, 5/2) to discuss how we will  proceed.
?
Michael Walker
713-750-5997 (work)
713-256-6641?  (mobile)
 - TransModel Non Disclosure Agreement.doc


Holden,

My name is Stuart Wright and I am the Director of Marketing and Sales for FriedWire Inc.   I check our use log everyday and throughout the day and notice that you are always among the most intensive users of our Traffic Report System.  I am very thankful for this and was wondering if you could tell me what you do at Enron and (since you are such a great user) if you have ideas for enhancing the Traffic Report?  We would value your feedback highly.

We are building two new tools that you should be aware of.  One is a greatly expanded version of the Traffic Report that will contain the real-time pricing and news from a major provider of this information.  We will be announcing more on this shortly and plan to deliver the new version in September.  Additionally, FriedWire is building a PJM information module similar to the California tab now contained in the Traffic Report, which presents region-specific information; in the case of PJM, mostly the LMP and FTR information. Following PJM, we will be developing similar detailed regional modules for NY/NE and ERCOT (in order).  A very rough draft of the information content in the PJM Module is outlined here in the attached PowerPoint file.  Some of the features you see may not be available in the very first release, but we'd love to hear your opinion on what features would be most useful.   We debated internally over whether or not our first independently released PowerSurge product should cover PJM or some other region.  We chose PJM despite the fact that the PJM ISO already does a decent job of presenting/sharing market information and because PJM is such a liquid trading region among many of our existing clients.  Our goal, however is to build a product that is so much more powerful than the PJM information interfaces (such as eData) that in selling the product we never get asked the question "why should I buy this when I can get eData for free?"  That means a fair bit of work, but it's also the kind of work that we're good at: charting, geographic displays, interface design, e-mail and wireless paging notification, and integrating various data sources.  Some of the areas we think will be valuable and set us apart from eData are

}          Combining real-time and day-ahead LMP data with the public FTR data to provide a real-time estimate of FTR value
}          Easy interface for querying FTR data for the sake of competitive intelligence in the primary and secondary FTR markets
}          LMP charts and maps
}          Eastern Interconnect frequency monitoring
}          Histogram displays of historical and real-time load and LMP data
}          Mapping of planned and unplanned transmission constraints

FriedWire would be especially interested in knowing Enron's interest in the FTR features.  In fact, if you have a PJM expert that would be willing to talk to our lead product developer, we would be grateful.  We know that PJM does very little with their display of the FTR information and we know that there is a lot of competitive intelligence to be gained from it, but we're not sure how many traders are interested in FTRs.  Our understanding is that there's not a lot of liquidity in the FTR markets and therefore, there may not be lots of money to be made/saved there.  We also are going back and forth about how to market and sell the PJM data.  Whether we integrate it straight into the Traffic Report or make it the first of a series of regional intelligence modules in a larger product called "PowerSurge" is currently unknown.  Also, the pricing for the product is not yet determined.

Take Care,

Stuart Wright


her # @pagenetmessage.net

 -----Original Message-----
From: 	8774985497@pagenetmessage.net@ENRON [mailto:IMCEANOTES-8774985497+40pagenetmessage+2Enet+40ENRON@ENRON.com]
Sent:	Thursday, June 07, 2001 12:38 PM
To:	Bates, Kimberly
Subject:

kimberly.bates@enron.com

From Chris Germany


Paul

There are 2 ways of setting product tenors:

1 - specific, where the start and end dates are selected from drop down
calendars on the product manager.

2 - tokenised, where we have set up a record for the period in the database,
and the rules applicable to it (e.g. Balance of Month, Day ahead) - the rules
ensure that the specific start and end dates for such a product are shown in
the product short description.

Please note that any tokenised periods will need to be set up prior to
building products in the product manager.

rgds

M


David:
GPU Energy had the following comments to the ETA:

1.  In Section 2(a) they want Enron to represent that it owns and has the
legal right to grant to Counterparty the use of the Website.  Also, in the
second sentence where we say that they cannot utilize the Website on behalf
of third parties they want to exclude Affiliates.  [Leslie, is this a proper
exclusion given our conversation this week about who will be applying for the
Website password?]

2. They have deleted Section 4(b) and seem to think that we should provide a
similar indemnity.

I can handle point #2, but what do you think about point #1?

Carol


Finally we're forging ahead. We plan on publishing our much-delayed and
much-changed Aspen special issue in two weeks. We're really excited. We're
focusing now on the issue of globalization in the post-September 11 world.
All of your contributions in Aspen aided us immensely.
    The issue is going to be an unusual print-online package. In addition to
articles in the magazine that relate in various ways to the Aspen meeting,
we will be posting significant additional material online. For those of you
who answered our three questions prior to the meeting, we will be publishing
all of those--in full--on Fortune.com. But we also want to hear from you
about how your views have changed since August.
    We'd like you to answer the same three questions again now, assuming
your answers would now be different. Or you can simply send us a statement
about how your comments remain reflective of your views, or how and why you
think something else matters more.
    Our three questions were:
1) Once upon a time we committed ourselves to putting a man on the moon.
What kind of similar commitment should we make now? What's the "moon shot"
of the 21st century?

2) As the world heads down its current path, what should we fear most?

3) What issue or issues will most define our future?

    We need your replies by November 8 at the latest. Please send them to me
and to jbensko@Fortune.com.
    btw, many of you have asked if you could get copies of your portrait by
Michael O'Neill. We plan on sending each of you a print along with the
special issue when it is published.
    Send in those answers! Now! Please!


I think we should dig up that slip that Matt Hersh gave to Max saying that
he might have been exposed to an STD and then get the photo of his cock in a
doughnut to complete the circle.  Has anyone fwded that mail to Coco?  I'm
sure she has a couple fond memories for the two of them to savor throughout
their marrige.

-PLK

>From: "Ryan Lee" <ralee@rmi.net>
>To: <merlinm@uswest.net>, <Matthew.Lenhart@enron.com>
>CC: <Matthew.Lenhart@enron.com>, <pederleifkjeseth@hotmail.com>,
><scott.morrill@grubb-ellis.com>
>Subject: Re: Jen and Max!!!!
>Date: Wed, 9 May 2001 12:55:06 -0600
>
>What is this book thing. I will crack skulls! I'll wipe a booger on the
>first page. Then I'll sign it "REMO"!
>
>----- Original Message -----
>From: <Matthew.Lenhart@enron.com>
>To: <merlinm@uswest.net>
>Cc: <Matthew.Lenhart@enron.com>; <pederleifkjeseth@hotmail.com>;
><ralee@rmi.net>; <scott.morrill@grubb-ellis.com>
>Sent: Wednesday, May 09, 2001 11:27 AM
>Subject: Re: Jen and Max!!!!
>
>
> >
> > i think she is one of jen's cougar friends.  that is such a chick thing
>to
> > do.
> >
>

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


I'm concerned about the magnitude of the supply imbalance that we've built up again.  Tim - are these numbers verified and up to date.  Can I get a breakdown of the 1.5 Bcf and the 700 MMcf current month portion.   It seems like we just worked down these balances in the fall and now we're building these balances back up again.

If these supply imbalances are building up as a result of Phase V outages perhaps the payback gas use should be separately captured and recorded against the project.

 -----Original Message-----
From: 	Howard, Jack
Sent:	Thursday, January 17, 2002 7:22 AM
To:	Boatman, Jack; Cady, Rachel; Corman, Shelley; Craig, Rick; Dowden Jr., Jimmy; Farrell, Sharon; Hayes, Robert; Long, John; Nacey, Sheila; Nelson, Beverley; Nestor II, Thomas; Shelly Corman; Swanson, Dan
Subject:	morn meet 1/17/02

 << File: MORNMEET.XLS >>


Please order enough books for the swaps group and a few extras.
---------------------- Forwarded by Mark Taylor/HOU/ECT on 04/09/2000 11:27
AM ---------------------------

	Enron North America Corp.

	From:  General Announcement @ ENRON                           04/06/2000
06:58 AM

Sent by: General Announcement@ENRON
To: All Enron Worldwide
cc:
Subject: New 1999 Annual Reports Have Arrived

The new 1999 Annual Reports are now available for distribution.  If you
haven't already requested books, you may order these through Forms
Management.  You can either use Moore Source or complete a Forms
Requisition.  The Item # on the new books is #42990.  Please keep in mind
that the quantity on these is "per book", not by the box.

If you have questions about how to order, you may contact Micael Shea on
713/853-5418 or Ruby Kinsfather at 713/853-3869.


chk out today's news.  WSJ does feature on the "next phase" of e-commerce.
and the Chron does a "is b2b dead" column in the biz section.


Dear Mr. LARRY CAMPBELL:

Thank you for your order.

You bought 100 shares of CIEN (Ciena Corp Com) at 97.000000.

ORDER DETAILS:
The tracking number for this order is: B-300-AAZC-4408
Order entered at:                      10:03:11 on 11/20/00
Order processing began at:             10:03:11
Order executed at:                     10:03:30 on 11/20/00

ACCOUNT DETAILS:
Time and Date: 10:03:31 on 11/20/00
Your position in CIEN is 100 shares
Your real cash total is $-2,178.81

You will receive a printed Datek Online confirmation by postal mail, or by
electronic delivery if you are subscribed to that service.

Questions regarding this transaction? Contact our Customer Support department
by e-mailing support@datek.com. Please reference the order tracking number.


Good morning sweetheart.

I hope you slept well last night. I sure am happy that I got to be with you again last night. I missed you soooo much over the weekend.

I think we will be very happy together for a long time. :-)
Do you want to go see a movie tonight? I was thinking about seeing "The Mothman Prophecies" at 4:35. How does that sound to you. Or we can just kick back and relax at home. I'm good either way.

I love you sweetheart. Have a good day and I'll see you when I get home.

CV.


Please print this memo and attachments in color for me.  Thanks. --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 12/04/2000 10:50 AM
---------------------------

	Enron North America Corp.

	From:  Mark Frevert and Mark Haedicke @ ENRON
12/04/2000 10:36 AM

Sent by: Enron Announcements@ENRON
To: All Enron Wholesale Services Employees
cc:
Subject: Enron Wholesale Services Legal Department

 As a follow-up to the recent Enron Corp. memorandum forming Enron Wholesale
Services (EWS), effective today, we have reorganized the Wholesale Services
Legal Department.

 The goals in reorganizing the department are as follows:  (i) align the
legal department as closely as possible with the business units, (ii) speed
the flow of legal technology across the business units, and (iii) achieve
greater efficiency and consistency across the organization.

 To this end, a legal policy group will be formed for EWS Legal, which will
include Lance Schuler, Enron Americas; Mark Evans, Enron Europe; Mark Taylor,
Enron Net Works; Alan Aronowitz, Enron Global Markets; Julia Murray, Enron
Industrial Markets; and Bruce Lundstrom, Enron Global Assets.

 The organization chart for the EWS Legal Department is attached.  More
comprehensive organization charts will follow for each group.

Mark Frevert and Mark Haedicke


Tim,
 Here is the email you should send out with respect to retention of
hard copies of documents.
IMPORTANT EPMI POLICY
 REGARDING HARD COPY DOCUMENTS
WHILE LITIGATION IS PENDING

This policy is in addition to my prior email about the procedure for
handling email and electronic documents.  While most of what we do is
contained within Enron's electronic systems, there still are times when hard
copies are made or needed for running our business.  Here is how you must
handle those hard copy documents:

1. The basic rule is that if you have hard copies of documents that are
used in EPMI's business of selling energy in the WSCC, you must keep those
documents until further notice.  If space becomes a problem, please contact
_____ who can arrange for storage.

2. What constitutes a document?  In some instances you will have one
copy of a document that has your handwritten notes on it, and another copy
that may be clean.  For these purposes both are considered documents and
both must be saved.  Similarly, if several people have copies of the same
document, each separate copy is considered a separate document.  On the
other hand, if you made 10 copies for a meeting and there were 4 left over
that were never handed out or were not used, those may be recycled so long
as you keep the ones that were used.   If you keep handwritten notes for
your work, those would be considered documents as well.  Telephone notes,
charts, printouts of data, spreadsheets etc. all constitute documents.   If
you have a question about what constitutes a document and whether it should
be saved, please ask Christian Yoder and Steve Hall.

3. The goal and purpose of this policy is to make sure that no hard
copies of documents are discarded that are relevant to the wholesale
electricity market litigation.  If hard copy documents are discarded, at a
later point in time EPMI and/or its employees will be criticized for failing
to preserve documents relevant to the wholesale electricity litigation.

4. Personal documents such as shopping lists, personal messages from
friends unrelated to the energy business etc. are not covered by this policy
and you may do with them as you wish.

Tim, if you have questions about this policy, please call me.

Thanks
Gary

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com


Hi, Diomedes.  I just tried to reach you on your cell phone (713.539.6731)
for Jeff.  Could you please give him a call at your earliest convenience?
713.853.6894 is his number.  Thanks, SRS