He's in Madrid on Monday, but I'll see what I can do.

gngr
713-853-7751

	Richard Shapiro
	06/05/2001 03:31 PM

		 To: Ginger Dernehl/NA/Enron@Enron
		 cc:
		 Subject: Re: White paper/RTOs

Can we arrange the call for Monday w/ Steve and Jim? Please tell Steve he
needs to read Seabron's paper in advance. Thanks.

"Seabron Adamson" <seabron.adamson@frontiereconomics.com> on 06/05/2001
08:29:53 AM
Please respond to <seabron.adamson@frontier-economics.com>
To: <Richard.Shapiro@enron.com>
cc:

Subject: White paper/RTOs

Rick:

I have a large set of comments on the full paper from Christi Nicollay (who
has been corrdinating this), plus the others. We will make changes as
appropriate. Sabine and I have also started a bit on the shorter version
just so we will be ready ont hat front.

At some point I guess we still need to have the conversation with Steve
(Maureen is trying to get a new date). From my perspective it would also be
useful if you and I could have a quick chat sometime. Otherwise I think we
risk losing the plot due to the elapsed time.

I will be in Toronto and DC for much of the week but you can try me on my
cellphone number (617) 513-5904.

Seab


Nov 1st.

	Enron North America Corp.

	From:  Steve Gillespie @ ENRON                           11/09/2000 01:19 PM

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

Chris,

What month and date is this effective?

sg
---------------------- Forwarded by Steve Gillespie/Corp/Enron on 11/09/2000
12:13 PM ---------------------------

Chris Germany@ECT
11/08/2000 03:10 PM
To: oash@dom.com
cc: Steve Gillespie/Corp/Enron@ENRON, Victor Lamadrid/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON, Angie Zeman/Corp/Enron@ENRON

Subject: Storage Transfer

Please transfer the storage balance of 420 dth from contract 530750 to VNG
contract 300008.

Thanks


Hey guys,

Just wanted to drop a line and let you know that I'm going to be visiting
London over the next 5 days or so.  I'm planning on swinging by the offices
Monday morning to see everyone and just wanted to foreworn you all.
Hopefully, I'll get a chance to see you then.

Susan

If anyone wants to get a hold of me you can leave a message on my friend
Emily's phone 020 7243 5453.


---------------------- Forwarded by Dana Davis/HOU/ECT on 11/06/2000 03:04 PM
---------------------------

Joseph Stewart <joseph_s_77014@yahoo.com> on 11/03/2000 05:58:03 PM
To: dana davis <ddavis@enron.com>
cc:
Subject:

DANA , DANA, DANA I DELETED THE FILE BY MISTAKE IF YOU
ARE STILL AT WORK SEND IT AGAIN


On :  Tennessee  -  We released 403 Dth from Decatur contract 250 and created
contract 32075 for Dynegy / Friskies. Of this 403 Dth Friskies only wants 251
Dth nominated for Jan 1 forward.  This release is good for Jan only and will
of
course cause the MDQ on contract 250 to go down by 250.

On :  Midcoast - Also for Friskies/Dynegy we released 400 Dth from Midcoast
contract 6005 and created a contract numbered 7010 for Jan specifically for
deliveries to Friskies.  This will cause the MDQ on contract 6005 to decrease
by 400 Dth.

On :  Tennessee  - We released 1,642 Dth from Huntsville contract number 507
and created contract 32076 for Wolverine deliveries to the Midcoast/Tenn
interconnect.  This looks to be a Jan only contract number and must be used so
that Wolverine quantities can be recognized.  This causes contract 507 to go
down by the amount of the release.

On:  Midcoast - We released 1,629 Dth from Huntsville contract 6009 and
created
contract 7010 for Wolverine deliveries behind the DECATUR city gate.  This
will
cause the MDQ on contract 6009 to go down by 1,629.

Let me know if you have any questions !

See you this afternoon ,

Phil


I will be there.


Brandee Jackson
713-345-4013

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

W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

November 2, 2001 5:00pm through November 5, 2001 12:00am
------------------------------------------------------------------------------------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI:
Impact:  CORP
Time:  Fri 11/2/2001 at  12:00:00 PM CT thru Sun 11/4/2001 at  4:00:00 AM CT
	Fri 11/2/2001 at  10:00:00 AM PT thru Sun 11/4/2001 at  2:00:00 AM PT
	Fri 11/2/2001 at  6:00:00 PM London thru Sun 11/4/2001 at  10:00:00 AM London
Outage:  EDI_QA Oracle database upgrade
Environments Impacted:  Corp
Purpose: To comply with corporate standardization
Backout: Restore the database to its original state
Contact(s): 	Maria Santiago  713-345-7354
		John Kratzer  713-345-7672
		Karen O'Grady  713-345-7149

EES:
Impact:  EES
Time:  Thu 11/1/2001 at  6:00:00 PM CT thru Sun 11/4/2001 at  12:00:00 AM CT
	Thu 11/1/2001 at  4:00:00 PM PT thru Sat 11/3/2001 at  10:00:00 PM PT
	Fri 11/2/2001 at  12:00:00 AM London thru Sun 11/4/2001 at  6:00:00 AM London
Outage:  Migrate EESHOU-FS1to SAN
Environments Impacted:  EES
Purpose: New Cluster server is on SAN and SAN backups
This will provide better performance, server redundancy, and backups should complete without problems.
Backout: Take new server offline,
Bring up old servers
change users profiles back to original settings.
Contact(s): 	Roderic H Gerlach    713-345-3077

ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages

ENRON NORTH AMERICAN LANS:
Impact:  Ardmore
Time:  Sat 11/3/2001 at  10:00:00 PM CT thru Sun 11/4/2001 at  2:00:00 AM CT
	Sat 11/3/2001 at    8:00:00 PM PT thru Sun 11/4/2001 at 12:00:00 AM PT
	Sun 11/4/2001 at  4:00:00 AM London thru Sun 11/4/2001 at  8:00:00 AM London
Outage:  Add redundant connections between ARD-COR-CCX1/2 and ENA-CX1/2-ARD
Environments Impacted:  All
Purpose: Increased bandwidth / resiliency available on the MAN
Backout: Put original equipment/configs back in place
Contact(s): 	Dennis McGough   713-345-3143

Impact:  EBS
Time:  Sat 11/3/2001 at    1:00:00 PM CT thru Sat 11/3/2001 at  4:00:00 PM CT
	Sat 11/3/2001 at  11:00:00 AM PT thru Sat 11/3/2001 at  2:00:00 PM PT
	Sat 11/3/2001 at  7:00:00 PM London thru Sat 11/3/2001 at  10:00:00 PM London
Outage:  Relocate EBS Portland servers and switch pdx-3wtcpl-swx1
Environments Impacted:  EBS
Purpose: Existing equipment rack removed in order to install new phone system.
Backout: None.  Space must be vacated.
Contact(s): 	Chris Shirkoff  503-778-0920  8774937918@skytel.com
		Dave Steiner  503-703-1553

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING:
Impact:  Corp Notes
Time:  Fri 11/2/2001 at  9:00:00 PM CT thru Sat 11/3/2001 at    1:00:00 AM CT
	Fri 11/2/2001 at  7:00:00 PM PT thru Fri 11/2/2001 at  11:00:00 PM PT
	Sat 11/3/2001 at  3:00:00 AM London thru Sat 11/3/2001 at  7:00:00 AM London
Outage:  cNotes Server Reboots
Environments Impacted:  All users on any of the mailservers listed below
Purpose: Scheduled @ 2 week interval
Backout: Make sure server comes up.
Contact(s): 	Trey Rhodes  (713) 345-7792

Impact:  EI
Time:   Fri 11/2/2001 at  9:00:00 PM CT thru Sat 11/3/2001 at    1:00:00 AM CT
	Fri 11/2/2001 at  7:00:00 PM PT thru Fri 11/2/2001 at  11:00:00 PM PT
	Sat 11/3/2001 at  3:00:00 AM London thru Sat 11/3/2001 at  7:00:00 AM London
Outage:  EI Notes Server Maintenance
Environments Impacted:  EI Local/Domestic/Foreign Sites
Purpose: Scheduled @ 2 week interval
Backout: N/A
Contact(s): 	David Ricafrente    713-646-7741

Impact:  EES
Time:  Fri 11/2/2001 at  8:30:00 PM CT thru Fri 11/2/2001 at  11:30:00 PM CT
	Fri 11/2/2001 at  6:30:00 PM PT thru Fri 11/2/2001 at    9:30:00 PM PT
	Sat 11/3/2001 at  2:30:00 AM London thru Sat 11/3/2001 at  5:30:00 AM London
Outage:  EES Notes Server Reboots
Environments Impacted:  All users on any of the mailservers listed below
Purpose: Scheduled @ 2 week interval on 1st and the 3rd Friday of each month.
Backout:
Contact(s): 	Dalak Malik    713-345-8219

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER:
Impact:
Time:  Sat 11/3/2001 at  9:00:00 PM CT thru Sun 11/4/2001 at  12:00:00 AM CT
	Sat 11/3/2001 at  7:00:00 PM PT thru Sat 11/3/2001 at  10:00:00 PM PT
	Sun 11/4/2001 at  3:00:00 AM London thru Sun 11/4/2001 at 6:00:00 AM London
Outage:  Migrate EBS Common Data to Corp Environment and update DFS
Environments Impacted:  Any user accessing o: EBS
Purpose: Will be migrating all common data from o: EBS Houston and o: EBS Portland to Corp servers in Houston and their corresponding EBS servers will be decommissioned. o: ebs shepherd and o: ebs loopcentral will also be migrated and their corresponding EBS servers will be decommissioned.  o: EBS will be removed from DFS and the DFS entries will be re-inputed in order to decommission the EBS DFS server.  This needs to be done as part of the decommissioning of the EBS environment.
Backout: Leave EBS data servers and DFS servers online and re-input the DFS links.
Contact(s): 	Mark Wolf    713-345-6389

Impact:  HR
Time:  Sat 11/3/2001 at  8:00:00 AM CT thru Sat 11/3/2001 at  11:00:00 AM CT
	Sat 11/3/2001 at  6:00:00 AM PT thru Sat 11/3/2001 at    9:00:00 AM PT
	Sat 11/3/2001 at  2:00:00 PM London thru Sat 11/3/2001 at  5:00:00 PM London
Outage:  Replace CD-ROM in HR-DB-5
Environments Impacted:  HR LAN
Purpose: The CD-ROM drive has failed and needs to be replaced.
Backout:
Contact(s): 	Brandon Bangerter   713-345-4904
		Mark Calkin               713-345-7831
		Raj Perubhatla         713-345-8016  281-788-9307

Impact:  nahou-rem2
Time:  Sun 11/4/2001 at    1:00:00 PM CT thru Sun 11/4/2001 at    1:30:00 PM CT
	Sun 11/4/2001 at  11:00:00 AM PT thru Sun 11/4/2001 at  11:30:00 AM PT
	Sun 11/4/2001 at  7:00:00 PM London thru Sun 11/4/2001 at  7:30:00 PM London
Outage:  Upgrade nahou-rem2 server with latest Remedy Patch
Environments Impacted:  Remedy Reporting Server
Purpose: Plug a memory leak in the current version patch.
Backout: Remove the new executable and rename the arserver.old to arserver.exe
Contact(s): 	James Weaver    713-345-4810

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

----------------------------------------------------------------------------------------------------------------------------
								FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management			(713) 853-5536
SAP/ISC                                                                               (713) 345-4727
Unify On-Call 					(713) 284-3757  [Pager]
Sitara On-Call					(713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS			(713) 639-9726  [Pager]
OSS/UA4/TARP				(713) 285-3165  [Pager]
CPR						(713) 284-4175  [Pager]
EDI Support 					(713) 327-3893  [Pager]
EES Help Desk					(713)853-9797 OR (888)853-9797
TDS -Trader Decision Support On-Call                    (713) 327-6032 [Pager]


Kenny,

I'm not in accounting any more, so I no longer need this email.

Thanks,
Robin


i am going out tonight


Sandy,

Please put this on my calendar and find out what I need to do regarding the
event, etc.  thanks

	Mike McConnell@ENRON
	Sent by: Enron Announcements@ENRON
	09/08/00 09:59 PM

		 To: All Enron Houston
		 cc:
		 Subject: Juvenile Diabetes Foundation Fundraising

It is my sincere honor to once again lead the Enron team in this year's
Juvenile Diabetes Foundation (JDF) walk scheduled to take place on Sunday,
November 5, 2000, at the Sam Houston Race Park.  I continue to serve on the
board of JDF representing Enron and will be Enron's corporate executive for
this year's fundraising efforts.

As many of you may already know, I am an insulin dependent diabetic myself.
Even though I know how difficult this disease can be to manage with the
multiple finger pricks for blood samples and several shots each day, I cannot
imagine how difficult it is for a small child with this disease.  Taking
insulin does not cure the disease nor prevent the development of
complications; insulin is simply their life support system and without it
they would die.

Enron continues to be a major corporate sponsor for JDF again this year.  JDF
is a very efficient organization in which approximately 84% of all money
raised goes directly to research.  Enron's goal this year is to raise
$225,000 and we need your help.  Enron has been the number 1 walk team for 5
years in a row and we are not ready to give up first place!  We need team
leaders, walkers and volunteers to help us reach our goal.  The theme for the
walk this year is "Knock Out Diabetes" and we would like to have you join us
for this great event.  The Walk is truly a blast and we had about 500 Enron
people participate last year and everyone enjoyed it.

If you are interested in volunteering to be a walker or a team leader, or if
you would like to make a pledge, you may call any of the steering committee
members listed below.  If you are interested in being a team leader, please
contact one of the following people immediately so that you may be included
in the first important and informative training session taking place this
week.

Thank you very much for your support.

Mike McConnell

Steering Committee Members:

Blanca Bollom X66091
Rachel Feldt  X57629
Deb Gebhardt X39606
Cathy Phillips X36898
John Walt  X35379
Debbie Yates X35305


---------------------- Forwarded by Carla Hoffman/PDX/ECT on 11/29/2000 06:12
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     11/29/2000 06:05 AM

To: undisclosed-recipients:;
cc:
Subject: FW: FYI two articles from Tuesday (in case you missed them)

> -----Original Message-----
> From: Golden, Mark
> Sent: Tuesday, November 28, 2000 6:56 PM
> To: Pergher, Gunther
> Subject: FYI two articles from Tuesday (in case you missed them)
>
> FERC Unclear On Pay For Must-Run Units, Capital Return
>    By Jason Leopold and Mark Golden
>    OF DOW JONES NEWSWIRES
>
>   NEW YORK (Dow Jones)--The U.S. Federal Energy Regulatory Commission,
> which is
> working on its final order to fix California's broken electricity market,
> isn't
> clear on how the new rules will price power from must-run generators or
> how
> generators will be paid a return on their capital investments, a FERC
> commissioner said Tuesday.
>   In its preliminary proposal Nov. 1, FERC said that  California's
> wholesale
> electricity market price could have a "soft cap" of $150 a megawatt-hour,
> but
> the state could purchase additional power at more than $150/MWh if needed.
> Suppliers would be paid the price at which they bid in their power would
> have to
> justify why their costs exceed $150/MWh. Further, the FERC could lower the
> sales
> price upon review.
>   As reported Monday, FERC commissioners likely will set the "soft cap" at
> $100/MWh in the final ruling, which is expected in the middle of December,
> instead of the initially proposed $150/MWh.
>   The FERC, however, still doesn't know how generators selling power above
> the
> cap will be reimbursed for investment in addition to marginal generating
> costs.
> When generators are paid only their marginal costs, they have no money
> left to
> pay off fixed costs and go broke. Fixed-cost recovery as a percentage of
> per
> megawatt-hour sales price varies widely based on how many hours a year a
> generator operates. Inefficient peaking units that run only a couple
> hundred
> hours a year, for example, need to be paid very high prices per hour to
> cover
> fixed costs.
>   In addition, the state has contracts with several independent power
> producers
> whose generators must run - or at least be available to run - all the time
> for
> system reliability. Currently, these "resource must-run" units get paid
> the
> market clearing price, but a clearing price of $100/MWh won't cover the
> fixed
> costs of gas-fired units at current prices for natural gas in California.
>   "We're not clear on these issues, and we're seeking comments on them,"
> said
> the commissioner, who spoke on the condition of anonymity.
>   Others in the industry are also skeptical about how the new "soft cap"
> will
> work.
>   "I don't think the FERC knows what it's getting itself into. Maybe they
> will
> just take all these documents and sit on them for years, and never change
> the
> prices," Dynegy (DYN) Marketing & Trade senior vice president, Lynn
> Lednicky
> said Tuesday while attending a CalPX conference in New York City.
>   -By Jason Leopold and Mark Golden, Dow Jones Newswires; 201-938-4604;
> mark.golden@dowjones.com
>
>   (END) Dow Jones Newswires  28-11-00
>   2333GMT(AP-DJ-11-28-00 2333GMT)
>
>
> Cal PX Panel: Building Forward Market Key To Power Woes
>     By Mark Golden
>    Of DOW JONES NEWSWIRES
>
>   NEW YORK (Dow Jones)--A panel of market economists assembled by the
> California
> Power Exchange debated Tuesday whether the CalPX should move from a
> single-price
> auction for pricing electricity in the spot market to an "as-bid" market,
> which
> the U.S. Federal Energy Regulatory Commission has proposed.
>   The consensus, however, was that moving purchases out of the spot market
> into
> a forward market is more important to solving California's electricity
> crisis,
> and that if a forward market develops, the pricing mechanism of the CalPX
> spot
> market won't be that important.
>   "Dynegy favors an as-bid market, but it's not a matter of religion for
> us,"
> Dynegy (DYN) Marketing and Trade senior vice president, Lynn Lednicky,
> told the
> economists.
>   "If I could wave a magic wand and create a forward market for
> California, I
> wouldn't get all excited about whether the spot market is single-price or
> as-bid," Lednicky said.
>   Under its current single-price auction, the CalPX pays all suppliers the
> price
> for the last, most expensive megawatt taken for a given hour the next day.
> In
> the FERC proposed as-bid market, suppliers whose energy is taken would get
> paid
> only the price at which they offered to sell their electricity to the
> states'
> three main utilities.
>   The economists agreed that California legislators and regulators erred
> gravely
> in prohibiting utilities from entering into long-term forward contracts
> with
> suppliers when they began to deregulate the industry in 1996.
>   "What were they thinking? Were they thinking at all?" asked University
> of
> Maryland professor Peter Crampton.
>   Even though California utilities are no longer prohibited from
> participating
> in the spot market in general, the California Public Utilities Commission
> still
> hasn't approved any forward market contracts put before them by utilities
> that
> have reached agreements with suppliers, Lednicky said.
>   Crampton, nevertheless, thinks that keeping the single-price auction
> would
> help promote a forward market. Single-price auctions are more volatile
> than
> as-bid markets, Crampton said, and forward markets are used more when spot
> markets are more volatile. In addition, the single-price mechanism should
> be
> kept because an as-bid market is a disadvantage to smaller generators, who
> would
> have to spend a lot of resources relative to their size constantly
> figuring out
> how to bid in their power, Crampton said.
>   When asked, Lednicky agreed that the FERC proposal, which was issued
> Nov. 1
> and will result in a final order around the middle of December, isn't
> really an
> as-bid market anyway. FERC said that the clearing price could be capped at
> $150
> a megawatt-hour and that the CalPX could purchase additional power at more
> than
> $150/MWh as-bid, but suppliers would have to justify their prices by
> documenting
> costs, and the FERC could lower the sales price after the fact. As
> reported
> Monday by Dow Jones Newswires, FERC likely will set the "soft cap" at
> $100/MWh
> instead of $150/MWh in the final ruling.
>   Also, FERC would have to decide how more expensive generating plants
> would be
> reimbursed for investment in addition to marginal costs. Investment
> recovery as
> a percentage of sales price varies widely based on how many hours a year a
> generator operates.
>   "I don't think the FERC knows what it's getting itself into. Maybe they
> will
> just take all these documents and sit on them for years, and never change
> the
> prices," Lednicky said.
>   The panelists and other participants Tuesday seemed to agree that an
> as-bid
> pricing mechanism probably won't lower prices that much over the long
> term, but
> it may lower prices significantly in the short run. They also agreed that
> the
> constant changing of market rules and the regulatory environment in
> California
> is a disincentive to investment in building new power plants in and around
> the
> state.
>   By Mark Golden, Dow Jones Newswires; 201-938-4604;
> mark.golden@dowjones.com
>
>   (END) Dow Jones Newswires  28-11-00
>   2159GMT(AP-DJ-11-28-00 2159GMT)
>


Could you please enter the following Paine Webber Account Reps into my address book (include phone & e-mail)

Thanks.

 -----Original Message-----
From: 	"Trahan, Michael" <michael.trahan@ubspainewebber.com>@ENRON [mailto:IMCEANOTES-+22Trahan+2C+20Michael+22+20+3Cmichael+2Etrahan+40ubspainewebber+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, August 20, 2001 3:34 PM
To:	Kevin Presto (E-mail)
Subject:	New Contact Info

Kevin,

As we discussed, a new team has been assigned to cover your account.  We
would like to have a chance to visit with you soon to review your current
Asset Allocation and Investment Selection.  Below is new contact information
for your UBS PaineWebber account:

Michael G. Trahan
Account Vice President
713.654.0362
michael.trahan@ubspainewebber.com

David L. Shine
Vice President - Investments
713.654.0396
david.shine@ubspainewebber.com

R. Craig Rathjen
Senior Vice President - Investments
713.957.7040
robert.rathjen@ubspainewebber.com

Admins:

Tina Risper		Lois Wilson		Ann Bennett
713.654.0378		713.654.0246		713.957.7042

UBS PaineWebber Inc.
1111 Bagby Street, Suite 5100
Houston, Texas 77002
800.553.3119
713.654.4723 (fax)

Kind regards,

Michael


Hey dude!  Whats up for this weekend...do you still want to go to the
comedy club on saturday!  Just let me know!

Joey


Pete,

Please have a look at the attached to see if it complies with the commercial
standards you use today.

The ND is the only product of importance for tonight - the remainder we can
discuss tomorrow, if you prefer.

Thanks,

Dave


-----Original Message-----
From: Steve Huss [mailto:slhuss@bpa.gov]
Sent: Monday, November 26, 2001 9:56 AM
To: OASISPOSTINGS-L@LIST.TRANSMISSION.BPA.GOV
Subject: OASIS Posting - Real Power Loss Return Methodology, Final

Please click on the attached icon or the Web address below to go to the most recent OASIS Posting.

If that doesn't work highlight and copy the address below, then paste it into the address line of your Web browser and hit "enter":

Information on BPAT's implementation of tariff terms and conditions and/or transmission marketing policy has been posted to:

http://www.transmission.bpa.gov/oasis/bpat/BusPractices/forum/messageview.cfm?catid=16&threadid=148

For questions or comments, please contact your Transmission Account Executive.


Here is the map of our peakers plants.  I am looking for some good bullet
points to go along with them.
Ben


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/11/2001
01:18 PM ---------------------------

	Enron Capital & Trade Resources Corp. - Europe

	From:  Kirstee Hewitt                           03/28/2001 12:41 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Viacheslav Danilov/LON/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT
Subject: VaR doc - London

Hi Vince,
As we discussed last week here is the VaR doc that I had originally started
at Xmas and has since been expanded with Stig's and Tanya's help.

We  would be very grateful for your comments.
Cheers
Kirstee


Please review/comment on the attached presentation

Gary - can you and JD take ownership of this.  Once we incorporate everyone's comments, we can set up a meeting with Air Products, Dow, and others to discuss.

Thanks,
Brian


I plan on playing golf.  Mark


Please respond to offersDear Gerald R Nemec,
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_____________________________________________________________________
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to providing meaningful privacy protection for their customers. To
protect your privacy, please do not send sensitive account
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Financial Corporation. E010605
#66765


BLOOMBERG

deal 569021
I think the broker should be Bloomberg instead of APB

PREBON  WEST

Tom Alonso
I am missing the following deal
Enron sells to Reliant 25mw 4/5-4/30 SP-15 at $263

Jeff Richter
I am missing:
Enron sells to WESCO 25 mw 4/5-4/30 SP-15 at $286

AMEREX WEST

Mike Swerzbin
I am missing:
Enron sells EES 50mw May-Dec NP-15 light at $200.


Folks:
Here are my edits.  For simplicity, I accepted all the other changes and put mine in strike-out-underline.

They are confined to the direct access section, and to the provisions regarding "spot market service" in particular.  Based on our negotiations, I think it's accurate to state that spot market service was never discussed as "an option to elect."  Instead, the language in the agreement states that it is a "backstop," in the event that on any given day a customer's ESP doesn't show up with the power.  In effect, it retains the utility's duty to serve, like the gas side, but does not expose the utility to any risk of cost recovery for the spot service provided.  I've also added provisions which obligate the utility to provide spot market service in the event that at the outset of the program (i.e., the transition date), the customer, for whatever reason fails to elect Term Service or Direct Access Service.  In both cases, the spot services lasts for a maximum of 30 days, after which the customer must choose Term or Direct Access Service.

Please take a look at the language.  While I haven't put any "stakes in the ground" up till now, I feel strongly about these changes (for reasons I'm happy to discuss), and if folks have issues with incorporating it into the document, I'd request that we have a very brief call to discuss.  I believe that the language as proposed captures my conversation with Dorothy.

In addition, I've also taken a stab at language requested by Delainey, i.e., "what to do about DA in the interm?"  There may be better ways to craft the language, but I took a shot nonetheless.

Finally, I'm assuming, based on yesterday's call, that, by delivering this document to the Speaker today, no one is giving their approval, support, or anything else for each and every provision.  I'm not prepared to, and cannot, do that at this time.

Thanks again to all for all the effort (and to Dorothy for her patience in hearing me out earlier).

Best,
Jeff


You guys are a class act, and we're glad you  brought that to our
soiree.?Hippest bartenders I ever met--
?
Hope the trip was good for you. Keep in  touch--
?
Bobette
?
Bobette Riner
Senior Power Markets  Analyst
TradersNews
713/647-8690
bobette.riner@ipgdirect.com


Start Date: 12/29/01; HourAhead hour: 3;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122903.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.


Sandra Haskins w CP&L  has requested an amended confirm for the following:

#QL9902.1 / 572986 dated 2/22.    The second page of the confirm has
Louisiana Power and Light with different confirm number.   I spoke to Ellen
earlier re this, and she said a revised confirm had been sent however, LP
still appears in the heading.

Sandra 's number is 919-546-2561.

Tammi   CP&L  has executed a our  Master agreement.

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


sure.  just call me when you get out

 -----Original Message-----
From: 	Allen, Margaret
Sent:	Monday, October 08, 2001 2:11 PM
To:	Arnold, John
Subject:	RE:

I have an 11 meeting, so can we meet in the lobby at 11:45?

 -----Original Message-----
From: 	Arnold, John
Sent:	Monday, October 08, 2001 1:44 PM
To:	Allen, Margaret
Subject:	RE:

she starts at 12:12

 -----Original Message-----
From: 	Allen, Margaret
Sent:	Monday, October 08, 2001 1:10 PM
To:	Arnold, John
Subject:	RE:

What time does the game start?

 -----Original Message-----
From: 	Arnold, John
Sent:	Monday, October 08, 2001 1:02 PM
To:	Allen, Margaret
Subject:	RE:

my little junior league girl.   so sweet.
let's leave around 1130ish

 -----Original Message-----
From: 	Allen, Margaret
Sent:	Monday, October 08, 2001 12:54 PM
To:	Arnold, John
Subject:	RE:

Yippee! I'm in! What time do you want to go?

I have volunteer work tomorrow night starting at 6pm...so I'll have to run off around 5:30.

I'm sooo excited! Who all is coming? Yippee! MSA

 -----Original Message-----
From: 	Arnold, John
Sent:	Monday, October 08, 2001 10:35 AM
To:	Allen, Margaret
Subject:

want to play hookie and go to the bb game tomorrow at noon?


I would like to attend.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 05/18/2001 03:53
PM ---------------------------
From: Julia Murray on 05/15/2001 03:59 PM
Sent by: Carolyn George
To: Alan Aronowitz/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT, Teresa G
Bushman/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT,
Harry M Collins/HOU/ECT@ECT, Peter del Vecchio/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT,
Wayne Gresham/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Leslie
Hansen/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Anne
C Koehler/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron,
Travis McCullough/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Janet H
Moore/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, David
Portz/HOU/ECT@ECT, Michael A Robison/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Lance
Schuler-Legal/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Carol St
Clair/HOU/ECT@ECT, Lou Stoler/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Sheila
Tweed/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT, John
Viverito/Corp/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Donna
Lowry/Enron@EnronXGate, Susan Bailey/HOU/ECT@ECT, Kimberlee A
Bennick/HOU/ECT@ECT, Genia FitzGerald/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT,
Linda R Guinn/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT, Mary J
Heinitz/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT, Laurie
Mayer/HOU/ECT@ECT, Matt Maxwell/Corp/Enron@ENRON, Mary Ogden/HOU/ECT@ECT,
Debra Perlingiere/HOU/ECT@ECT, Robert Walker/HOU/ECT@ECT, Kay
Young/HOU/ECT@ECT, Merrill W Haas/HOU/ECT@ECT, Mark Greenberg/NA/Enron@ENRON,
Robert Bruce/NA/Enron@Enron, Samantha Boyd/NA/Enron@Enron, Mary
Cook/HOU/ECT@ECT, Angela Davis/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Marcus Nettelton/NA/Enron@ENRON, Brent
Hendry/NA/Enron@Enron, Michelle Blaine/ENRON@enronXgate, Gail
Brownfeld/ENRON@enronXgate, Dominic Carolan/Enron@EnronXGate, Eddy
Daniels/NA/Enron@Enron, Andrew Edison/NA/Enron@Enron, Roseann
Engeldorf/Enron@EnronXGate, Robert H George/NA/Enron@Enron, Cheryl
Nelson/NA/Enron@Enron, Cheryl Lindeman/ENRON@enronXgate, Carlos
Sole/NA/Enron@Enron, Randy Young/NA/Enron@Enron, Kathleen
Carnahan/NA/Enron@Enron, Diane Goode/NA/Enron@Enron, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Ned E
Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Coralina
Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martha
Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Sarah
Bruck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, William S
Bradford/Enron@EnronXGate, Debbie R Brackett/Enron@EnronXGate, Tom
Moran/Enron@EnronXGate, Wendi LeBrocq/Enron@EnronXGate, Nidia
Mendoza/ENRON@enronXgate, Veronica Espinoza/Enron@EnronXGate, Ken
Curry/Enron@EnronXGate, Carol North/Enron@EnronXGate, Aparna
Rajaram/Enron@EnronXGate
cc:

Subject: Letter of Credit Seminar - May 23, 2001

 Please mark your calendars.  Emory Ireland and Martin Weinstein of Foley &
Lardner will be conducting a presentation regarding the nuts and bolts of
Letters of Credit on Wednesday, May 23, 2001 from 8:45 a.m. to 10:00 a.m. in
EB5C2.  Please RSVP to Carolyn George at ext. 33439 or
carolyn.george@enron.com if you plan to attend.

Thank you,

Julia Heintz Murray
Enron Wholesale Services
Enron Industrial Markets LLC
1400 Smith Street, EB3838
Houston, TX  77002
(713) 853-4794
Fax:  (713) 646-3393
julia.murray@enron.com


Hey y'all, this is Marcie's new church in Virginia.

 http://www.mbcva.org/
 - Welcome to McLean Bible Church.url


Peter/Kay-

The addresses for Seller are fine in 25.1 and 25.3.  I redlined Exhibit A,
back to original guarantee conditions for those that efect our guarantee
performance values.

You should be able to get H-2 Training from previous contract (Ft. Valley).
If not, here's a pdf file copy.

Thanks,

Lee

-----Original Message-----
From: Thompson, Peter J. [mailto:peterthompson@akllp.com]
Sent: Monday, February 12, 2001 4:02 PM
To: Kay Mann (E-mail); Kent. Shoemaker (E-mail); Lee. Johnson (E-mail)
Cc: Pipitone, Paul; Cobb, Chris
Subject: City of Austin Agreement

Attached please find a clean copy of the most recent version of the City
of Austin Agreement (the first document below), as well as a blackline
showing changes from the February 8 version circulated earlier today.
The Agreement reinstates the prior specific performance guarantees in
Section 10.  To complete the agreement, we need to include the date of
execution, the addresses and contacts for Sections 25.1 and 25.3, and
Exhibit H-2.
 <<Gas Turbine Agreement Draft of 12/13/00.DOC>>  <<Enron/GE Agreement -
Blackline of 4 to 5.DOC>>

 - Training LM60001.pdf


These sample results are looking better. See attached for this months sample
results.Thanks,Randy


Per Leslie's earlier email, she wants power trading for Tri-State only under
one entity, so I have shut down Tri-State Power Marketing (the division), and
have opened them up under Tri-State Generation and Transmission Association,
Inc., which, per my conv. w/Stephanie, is being amended to add "through its
Tri-State Power Marketing Division" to the PA.


This request has been pending approval for  5 days and you are the
alternate.  Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000003997&Page=
Approval to review and act upon this request.

Request ID          : 000000000003997
Approver            : stinson.gibner@enron.com
Request Create Date : 10/3/00 1:14:27 PM
Requested For       : peter.makkai@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read]
Resource Type       : Directory


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Thread-Topic: "Oh, the Games Enron Played" (from the Knowledge@Wharton website)...
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From: "Martin, John D." <J_Martin@baylor.edu>
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-----Original Message-----
From: Garven, James R.
Sent: Monday, November 26, 2001 10:47 AM
To: Martin, John  D.
Subject: FYI: "Oh, the Games Enron Played" (from the  Knowledge@Wharton website)...
Oh, the Games Enron Played
In the 1990s, Houston's Enron Corp. was Wall Street's darling. It had  thrown out the energy-industry playbook, remaking itself from a staid gas  pipeline company to a high-tech trading firm that created exotic securities for  betting on everything from gas prices to the number of hot days in  summer.
Share prices soared from $30 to $90 between 1998 and 2000, as  sales increased from $31 billion to more than $100 billion. Enron executives  gained reputations as the energy industry's visionaries.
This fall it all  came apart. Share prices have fallen by 90% this year, including a plunge from  just below $40 to less than $10 this fall. In October, Enron reported a  third-quarter loss of $618 million. The company's massive debt was downgraded to  near junk-bond status, and the CEO and CFO were expelled. Shareholders sued and  the Securities and Exchange Commission launched an  investigation.
Finally, the humiliated company, which employs more than  20,000, agreed Nov. 9 to be taken over by smaller cross-town rival Dynegy Inc.  for about $9 billion in stock and $13 billion in assumed debt. It is not certain  the merger will take place since it is subject to regulatory approval and could  be blocked on antitrust grounds. And some news accounts suggest that major  Dynegy shareholders could derail the merger over concerns about inheriting  liabilities from current or future lawsuits by Enron shareholders.
The  Enron story is not simply a case of a lone company that played with fire and got  burned. Enron was able to take enormous risks while keeping shareholders in the  dark because it could exploit accounting loopholes for subsidiaries that are  available to most publicly traded companies. Companies like Enron can legally  conceal massive debts because rules require a full accounting of a subsidiary's  balance sheet only when the parent company owns more than half of it.
"If  I'm a shareholder of Enron and I want full and fair disclosure, I would want  information about the entities Enron controls," says Wharton accounting  professor Robert E. Verrecchia. Yet Enron shareholders have never received such  a report.
Enron's fate is crucial to the energy industry and other  markets it serves, points out Paul R. Kleindorfer, a professor of public policy  and an expert on deregulation at Wharton. Producers and users of gas, oil,  electricity and other forms of energy rely on Enron's system for trading  futures, forwards, options, swaps and other contracts to get the best prices and  control costs far into the future. Without such a system, deregulation simply  cannot work.
"If Enron's trading platform were to go down it would not be  a minor loss," Kleindorfer says. "It would be a huge loss for the industry?.In  the early 1990s the company single-handedly produced the backbone infrastructure  that has led to a whole industry of broker intermediation."
To some  extent, Enron appears to have been a victim of sagging securities prices and  volatile energy costs in 2000 and 2001, and it has lost hundreds of millions by  laying fiber-optic cable for which there is no demand. But although those  factors may have determined the timing of the company's troubles, they were not  the chief cause. Enron appears to have lost enormous amounts of shareholder  money by gambling at its own roulette wheels.
"In hindsight, we made some  very bad investments in non-core businesses that performed worse than we ever  could have conceived," Chairman Kenneth Lay told analysts last week.
How  did Enron get into this mess?
Becoming a Market Maker
When  it was created in 1985 by the merger of Houston Natural Gas and InterNorth,  parent company of Northern Natural Gas, Enron's chief business was the operation  of thousands of miles of natural gas pipeline. Lay became chairman in Feb. 1986.  Then early in the 1990s, the federal government took key steps to deregulate the  energy industry.
Previously, large regulated utilities were vertically  integrated, giving them control from wellhead to consumer, Kleindorfer says.  Deregulation effectively broke apart the production, long-range transmission and  local distribution functions, leaving each to a different set of players. A  factory owner, for example, can now buy gas or electricity from number of  producers.
To function, a free market such as this needs brokers, or  intermediaries, to create, buy and sell contracts for production and delivery,  and it requires a market maker to facilitate trading, just as the big Wall  Street firms and exchanges facilitate trading in stocks. Enron created that  marketplace. "This intermediation activity, or brokerage activity, just  revolutionized the marketplace," Kleindorfer says.
Since utilities and  other energy users must line up dependable supplies for many months in the  future, they rely on various forms of contracts specifying quantities, prices  and delivery dates. But before the commodity is delivered, prevailing prices may  go up or down, and a supplier may find it has promised to sell at a price that's  now too low, while a purchaser may find that it could have bought for less than  it had agreed to pay.
Suppliers and purchasers therefore use a variety of  derivative contracts to benefit from prices that move in their favor and hedge  in case prices move against them. A company that has contracted to buy a  shipload of liquefied natural gas at a specific price in three months, could,  for a much smaller sum, buy an options contract giving it the right, but not the  obligation, to buy a shipload at a lower price. And it could buy an option  giving it the right to sell at a higher price. Thus it is protected regardless  of whether prices move up or down.
This was the business Enron invented.  By permitting competition and price discovery far into the future, it brought to  the marketplace the most efficient pricing and allowed energy users to predict  and stabilize costs far into the future, Kleindorfer says. "Having that  information historically, as well as projected into the future, could  revolutionize how you plan your business," he said.
At the heart of  Enron's business strategy was the belief that it could be a big energy player  without owning all the power plants, ships, pipelines and other facilities  involved. Instead, it could use contracts to control the facilities in which  other companies had invested, says Ehud Ronn, director of the Center for Energy  Finance Education and Research at the Red McCombs School of Business at the  University of Texas at Austin. The Center trains masters candidates in the use  of energy securities. (Enron is one of the center's eight corporate  sponsors.)
Enron, he says, evolved into something akin to a Wall Street  firm. "Enron thought of itself in very similar terms as an investment banker  that wanted to tie up as little capital as possible."
By 2001, Enron had  evolved into a market maker for some 1,800 different products, many of them  energy- or Internet-related contracts or derivatives the company had created  itself. They included products allowing customers to buy, sell, hedge or  speculate in markets ranging from traditional commodities like coal, oil, gas  and electricity to cutting edge markets for Internet bandwidth, pollution  emissions, semiconductors, wind energy and many others. Prices for many of these  products were available on the company's free website, giving the energy markets  unprecedented price transparency.
Betting on the Weather
To  see how these products could be used, consider one of Enron's "weather risk  management" products meant for utilities, energy distributors, agricultural  companies and financial institutions. A gas utility, for example, might use a  "floor" to protect its revenue in the event of a mild winter. In exchange for a  premium similar to that paid on an insurance policy, Enron will compensate the  utility for every day between November and March on which the temperature rises  above a set level. The payments would make up for reduced gas sales.
In  another form of contract called a swap, or collar, Enron will pay the gas  company a given amount if the number of warm days exceeds a set level. But if  the number of cold days exceeds a threshold, the gas company will make a  payment to Enron. The utility would not have to pay a premium as it would with  the floor, and if it had to pay Enron, the money would come from the extra  revenue received by selling more gas in a colder-than normal winter.
To a  layman this might look like betting. "We never use that word," says Ronn. "The  worst we say is to 'have a view.'"
In practice, other parties are often  involved in such transactions, taking over the contractual obligation created by  Enron. So, in addition to placing its own bets, Enron serves as a middleman, the  way a stockbroker stands in the middle of a securities trade.
Like many  middlemen, Enron has to be in a position to make good on any transaction should  either party default. Otherwise, it would be hard to make a market in these  products. In addition, says Ronn, Enron often has to pay out money before  receiving payment from another party. Finally, Enron needed large amounts of  capital to trade products in its own account, just as a Wall Street firm invests  in stocks on its own in addition to executing customers' trades. To accomplish  all this, Enron needed vast amounts of capital. "You do need to have liquidity  in huge numbers," Ronn says.
This created a dilemma. A public company can  raise capital by selling additional shares, but current shareholders don't like  that because the new shares dilute the value of their holdings. The alternative  is to borrow, but large debts hurt a company's credit rating, forcing it to pay  higher interest rates on its loans.
Andrew S. Fastow, who became the  company's senior vice president of finance in 1990, found innovative ways to  issue new shares without dilution and to raise capital by selling old-fashioned  assets like power plants and pipelines.
"He has invented a groundbreaking  strategy," Ted. A. Izatt, senior vice president at Lehman Brother's Inc., told  CFO Magazine in the fall of 1999. Or, as Enron president and CEO Jeffrey  K. Skilling told the magazine: "We needed someone to rethink the entire  financing structure at Enron from soup to nuts. We didn't want someone stuck in  the past, since the industry of yesterday is no longer. Andy has the  intelligence and the youthful exuberance to think in new ways. He deserves every  accolade tossed his way."
Fastow, named chief financial officer in March  1998, told the magazine: "We transformed finance into a merchant  organization?.Essentially, we would buy and sell risk positions." A key to the  strategy: Move many of Enron's transactions "off the balance sheet." In part,  this involved exploiting a loophole in the securities and accounting  regulations. As noted earlier, debts accumulated by subsidiaries, partnerships  or other "entities" can be kept off the parent company's books so long as the  parent does not own more than 50% of the entity incurring the debt.
By  using so-called unconsolidated subsidiaries, "you do not make transparent either  the nature of the investment or the relationship between the parent and the  subsidiary," said Verrecchia. Heavy hitters such as Wall Street analysts and  major shareholders may have the clout to get a company to provide additional  information on subsidiaries. "But if you're just an investor picking up Enron's  annual report, you are stuck," Verrecchia added.
A Pattern of Sketchy  Details
It has long been clear from company statements and SEC  filings that Enron's off-balance-sheet transactions were enormous, but details  were sketchy because Enron did not have to report them, and chose not to. By  this fall, however, it became obvious these transactions involved huge risks  when Enron acknowledged it had improperly kept some activity off its books.  Putting those debts and losses into Enron's financial statements last month  meant reducing shareholder equity by $1.2 billion. Corrected statements reduced  net income by $96 million for 1997, $113 million for 1998, $250 million for 1999  and $132 million for 2000.
At issue were so-called "special purpose  entities," or SPEs, set up for a variety of transactions for Enron's benefit.  Enron conceded some of these entities did not meet the accounting standards to  be kept off of Enron's books. In one case, for instance, the entity had  "inadequate capitalization" for such treatment.
In 2000, Enron had  created four entities known as Raptor I, II, III and IV to "hedge market risk in  certain of its investments," according to an Enron filing with the SEC. Enron  acquired notes receivable from the Raptors in exchange for an obligation to  issue Enron shares to the entities. But Enron had improperly included the value  of the notes receivable on its books without accounting for the cost of the  shares it would have to issue. In correcting this violation of accounting rules,  Enron said it had overstated its shareholders equity by $1 billion in March and  June 2001.
Enron was particularly embarrassed in acknowledging that two  special purpose entities, limited partnerships LJM Cayman and LJM Co-Investment,  had Fastow as the managing partner. Fastow, who according to Enron made in  excess of $30 million in this role, was forced out of the company in October. An  internal committee and the SEC are investigating the use of the  partnerships.
Obviously, Fastow's role was a problem. If the partnerships  were truly independent entities, he was in a conflict of interest. If he was  running them on Enron's behalf, they were not independent.
Despite the  write-downs and disclosures this fall, many analysts complain they still do not  have a full picture of Enron's activities. Enron, for instance, has not fully  described other partnerships it believes it can properly keep off the balance  sheet. Nor is it clear to what extent Enron's losses are due to bad bets it had  made through highly-leveraged derivatives. While a stock market investor can  simply hang on to shares to wait out a downturn, options and other derivatives  typically have expiration dates. If the bet has not turned out as hoped, the  entire investment can be lost.
"New disclosure was modest and management  did not resolve concerns," Goldman Sachs analysts David Maccarrone and David  Fleischer wrote in an Oct. 24 report to clients. Though Enron had long faced  such criticisms, investors had tended to give the company the benefit of the  doubt "because of its strong growth in earnings and acknowledged industry  leading capabilities?," the two analysts said.
In other words, when stock  was soaring, investors didn't require details on how it was done. Now they are  crying foul, and a number of shareholder suits have been filed. Essentially,  they claim the company inflated its stock price by filing false financial  statements. Investors who bought shares at those high prices have suffered huge  losses.
For years, the Financial Accounting Standards Board, which sets  accounting rules, has had a draft proposal for improving disclosure of  subsidiaries' activities and numbers. Essentially, it would move toward a more  qualitative evaluation of whether the parent controlled the subsidiary even if  it owned less than 50% of the stock. Control could be exerted by holding board  seats or through contracts that effectively make the subsidiary a unit of the  parent.
"What the FASB has promulgated seems to me to be sensible,"  Verrecchia said, noting that the whole purpose of accounting is to give an  accurate view of a company's inner workings and true earnings. To conceal  obligations, risk and debt, as Enron and others do, undermines that goal, he  said.
But, facing heavy opposition from accountants and corporations, the  FASB has not acted on the draft proposal, citing insufficient support on its  board. So for the time being, off-balance-sheet transactions will continue to be  a common practice among American corporations.


The resolution The Bakersfield Californian provided to us when we signed the
ISDA Agreement with them limited the types transactions they were approved to
do with us to "...newsprint commodity price swap and option transactions."
In order for us to expand the type of business they can do under the ISDA
Agreement we would need a new resolution from the Company expanding the types
of products they are approved to do with us.


Jarek,

Czy Enron moze pomoc w organizacji tej imprezy?
Bylaby to dobra okazja nawiazania wielu pozytecznych kontaktow.

Wicek
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/17/2000
08:51 AM ---------------------------

"Andrzej Wodnicki" <awodni@sgh.waw.pl> on 02/16/2000 02:50:05 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: AIESEC Polska - EuroLDS 2000

Szanowny Panie Kaminski!

Nazywam sie Andrzej Wodnicki i jestem czlonkiem Stowarzysznia Studentow
AIESEC przy Szkole Glownej Handlowej (dawnej SGPiS).

Prosze o poswiecenie paru chwil na przeczytanie tego maila.
(Kontakt do Pana otrzymalem od kolegi, ktory organizowal prezentacje firmy
ENRON na SGH, a posrednio od Pana Jarka Astramowicza, przedstawiciela ENRON
na Polske.)

W imieniu AIESEC Polska chcialbym zwrocic sie do Pana z wielka prosba pomocy
przy wydarzeniu, ktore w tym roku organizujemy.
AIESEC Polska, a w szczegolnosci AIESEC przy Szkole Glownej Handlowej ma
zaszczyt organizowac w tym roku European Leadership Development Seminar. Jest
to seminarium na temat przywodztwa skierowne do obecnych i przyszlych
czlonkow Rad Wykonawczych Komitetow Lokalnych  AIESEC w calej Europie.
Po raz pierwszy AIESEC Polska ma mozliwosc organizacji takiego wydarzenia i
stanowi ono dla nas olbrzymie wyzwanie.

Przygotowywalismy sie do niego od kilku lat i obecnie jestesmy juz w koncowej
fazie organizacji EuroLDS 2000.
Projekt rozpoczyna sie 7 marca 2000 roku Oficjalnym Otwarciem przez Pana
Prezydenta Aleksandra Kwasniewskiego w Sali Kongresowej. Pozniej odbeda sie
Dyskusje Panelowe (udzial wielu znakomitych gosci - m.in Jan Krzysztof
Bielecki, Jacek Saryusz Wolski, Andrzej Olechowski)  oraz wyklady i
prezentacje regionow Polski w Auli Spadochronowej Szkoly Glownej Handlowej, a
nastepnie delegaci udadza sie do hotelu Mrongovia na szkolenia, casy i
wyklady na temat przywodztwa. (Szczegolowy program EuroLDS 2000 przesylam w
zalaczniku.)

Jak do tej pory staralismy sie mozliwie najwiecej dokonac wlasnymi silami,
jednak obecnie na 3 tygodnie przed tym wydarzeniem stoimy przed pewnym
problemem i stad tez pojawil sie pomysl skontaktowania Pana, jako osoby,
ktora moglaby nam wydatnie pomoc.

Chcielibysmy poprosic Pana o wsparcie finansowe.
Wspolpracujemy juz z wieloma firmami i instytucjami (m.in. Deloitte & Touche,
Arthur Andersen, Fundusz Phare, Fundacja Konrada Adenauera oraz wieloma
innymi), jednak na obecnym etapie organizacji projektu wciaz brakuje nam
12000 $.
Poczatkowo chcielismy nawiazac kontakt z Pania Eileen Price z Londynu, jednak
wydaje nam sie, ze Pan jako zalozyciel AIESEC w Polsce powienien po pierwsze
o takim wydarzeniu wiedziec, a po drugie mamy nadzieje, ze moze nam Pan pomoc.

Bardzo prosze o odpowiedz,

Z powazaniem

Andrzej Wodnicki
Prezydent EuroLDS 2000
AIESEC Szkola Glowna Handlowa

 - att1.htm
 - EuroLDS_prezentacja.ppt


Attached is Kevin and my suggestions to TVA's changes we received Friday
late.  We are supposed to call Steve Whitley Monday am.  Call me with
comments.   Use LAUNCH to see the redlines (TVA) and bluelines (enron).


FYI

-Audrey
---------------------- Forwarded by Audrey O'Neil/HOU/ECT on 02/28/2001 03:47
PM ---------------------------

"Ken" <kckrisa@apex2000.net> on 02/28/2001 03:38:25 PM
Please respond to <kckrisa@apex2000.net>
To: "Audrey O'Neil \(E-mail\)" <Audrey.ONeil@enron.com>
cc:
Subject: FW: New Service Request Form

Audrey,
Here  is the application form for the pipeline interconnect for Williams.? I
would like to submit next week - that will get the ball rolling.? In my
discussion with Williams, it could take up to 8 months from application to
completion of construction - that is based on their current workload.?  Steve
indicated he would hope it would take less.? Also need the  application to
determine if they can really use the South Canyon tap or  not.? I indicated
that we would like that if at all possible, but in any  case, we can share
the instrumentation and communications equipment.?  Discussed lots of options
and the need for start-up fuel gas and other uses from  time to time.?
?
Please  look over this form and let's discuss.?
?
Ken
?
-----Original Message-----
From: Kofoed, Steven D  [mailto:Steven.D.Kofoed@Williams.com]
Sent: Wednesday, February 28,  2001 11:01 AM
To: 'kckrisa@apex2000.net'
Subject: New  Service Request Form

<<ServiceNew.doc>>
Steven Kofoed
Williams Gas Pipeline-West
Work 801-584-7226
Fax 801-584-7076
Steven.D.Kofoed@williams.com

 - ServiceNew.doc


This article is forwarded to you per Mark Palmer's request...

Business
Enron Plays The Pipes This old-time gas company is trading fuel for a future
as a new-economy
superpower. Will the swap work?
Frank Gibney Jr./Houston

08/28/2000
Time Magazine
Time Inc.
38+
(Copyright 2000)

It's Saturday night, and the only thing between you and a movie from
Blockbuster Video is the unpaid late fee for
last week's rental. If that sounds familiar, then you'll appreciate this:
next year Blockbuster plans to offer up to 500
movie titles online in more than a dozen major cities around the U.S. That's
right, video on demand (not the
frustrating no-rewind, no-pause pay-per-view offerings of today) for anyone
with a DSL line at home.

What's remarkable is that Blockbuster's partner happens to be an energy
company called Enron. At a time when
so many old-economy companies seem helpless against the dizzying pace and
technology of the digital age,
Enron is demonstrating why FORTUNE magazine keeps voting it the most
innovative large company in America.
For years the Houston-based firm simply produced, transported and marketed
natural gas. Then, as energy
deregulation threatened profit margins in the gas business, Enron discovered
it could make billions by trading and
brokering packages of energy the way Midwesterners do pork bellies. Now Enron
is moving into the
telecommunications business, with a national fiber-optic cable network and a
floor bulging with Sun
supercomputers.

In fact, Enron may be the most interesting old-economy company around. Since
moving its trading operations from
the phone to the Web eight months ago, the company has doubled revenues to
more than $30 billion. Most of that
is made through trading everything from energy and paper to weather risk
derivatives and now bandwidth--more than
800 offerings in all. Think of eBay, but instead of auctioning $5 used Baby
Gap pajamas, the company trades
$600,000 blocks of natural gas--and pockets commensurately huge commissions.
Boasts Enron president Jeffrey
Skilling: "In terms of dollars transacted, we're the world's largest online
site by a factor of 10."

So far this year, that has meant $120 billion in transactions. And when
you're running the network, all sorts of
profitable opportunities arise. Last week, when word spread that natural-gas
prices would spike this winter, Enron's
in-house traders saw their gains surge as customers raced to lock in future
supplies at today's prices. And Enron's
stock price? It hit $90 last week, tripling its value of a year ago. Kind of
like an Internet play, only better.

The market loves Enron because Skilling and CEO Kenneth Lay seem to have come
up with a business model that
works for just about anything. They provide a service to their customers by
packaging a supply of name your
commodity and then using the efficiency of their vast network to beat most
prices. They arrived at this model back
in the mid-1980s almost out of desperation, when crude-oil prices had
collapsed, natural-gas deregulation had
thrown that market into chaos, and the Peruvian government had just
nationalized Enron's offshore properties.
Figuring they might as well leverage deregulation instead of succumbing to
it--call it business judo-- Skilling, a
McKinsey & Co. consultant at the time, came up with a plan called the Gas
Bank, to buy up reserves of natural
gas, then package them for sale, with various prices and conditions for
different customers. When electricity
markets deregulated a few years ago, the company did the same. It's the
oldest concept in business: buy low, sell
high.

Enron also leverages its assets and expertise to provide services to big
customers. Since 1997, companies like
Owens Corning and Chase Manhattan Bank have signed long-term,
multibillion-dollar contracts with Enron
subsidiary Enron Energy Services (EES) that lock in their energy costs for up
to 10 years and provide Enron with a
steady revenue stream. What's more, Enron is beginning to actively manage its
clients' heating and cooling plants,
installing new equipment when necessary and monitoring it all over the
Internet.

Skilling's latest gambit is to apply the same principles he learned in the
power and energy sectors to making Enron
a leader in the booming telecommunications business. The plan isn't to go
head to head with established fiber-optic
carriers such as AT&T, Qwest and Williams Communications. Instead, Enron
wants to use new switching
technology and its expertise in trading pipeline access to transform a modest
telecom network into a powerful
arbiter of bandwidth. Enron's bet is simple: supply and demand will increase
exponentially, turning bandwidth into a
tradable commodity, just like gas and electricity. Along the way, why not
partner with companies such as
Blockbuster and use this new technology to offer content--like movies- -and
blow it through existing, underutilized
pipe? "They are jump- starting an application [telecom content] with a
potential market of $200 billion a year," says
Tom Nolle, president of the telecom consulting firm CIMI.

Other new-economy players are also beginning to see the power merchant as a
prize partner. IBM and AOL have
joined with Enron to form the New Power Co. (TNPC), an independent start-up
that will offer pricing schemes and a
choice of power and gas service for residential and small-business customers.
Enron provides the electricity; AOL
enables customers to buy it via the Web; and IBM takes care of the billing.
"It's ludicrous that we're in the 21st
century, and you still have people jumping over fences to read meters," says
Skilling, pointing out that the
technology exists to offer real-time pricing for gas and electricity. In
deregulated markets, TNPC will allow
consumers to switch power companies as easily as they do phone companies.

Despite all Wall Street's enthusiasm for Enron's bold plans, there are still
plenty of skeptics. Critics point out that
there is barely a market today for the company's bandwidth trading exchange.
They also stress that pushing digital
signals through pipe is a world away from routing natural gas. Although there
is plenty of cable across the country,
carriers are not set up to mix and match access to it. "It's a very, very
difficult concept," says Nolles. Even the
Blockbuster venture is risky: technology aside, there is also the highly
political question of digital rights. How do
you satisfy Hollywood that its content is secure?

But Skilling and his lieutenants are quick to counter that everyone thought
they were crazy to try to make markets
in gas and electricity. And Enron, after all, is a company that thrives on
entrepreneurial defiance of convention.
Many of its new ventures were started because managers simply set new ideas
in motion without waiting for
approval from the top. Even the online operation was cobbled together in a
mere seven months. Skilling and Lay
found out about EnronOnline only two weeks before it went live.

Is taking risks really a part of a gas-pipeline company's culture? Just ask
John Arnold, the 26-year-old chief of
natural-gas derivatives, who after nine hours and $1 billion in trades last
Wednesday had this to say: "You can't turn
away for a minute or you get picked off." That has happened to too many
traditional companies because they were
unable to find a niche in the new economy. Enron, however, has traded its way
into a starring role, and now it
hopes it is ready for the movies.

[BOX]

THE PIPELINE OF PLENTY --Natural-gas production --Electric-power generation
--Enron Online: global-trading
system for 800 commodity products; $120 billion in trades so far in 2000
--Enron Energy Services: contracts with
institutional customers to manage all power needs at fixed, long-term prices.
Ultimate aim is control, via the Web,
of heating, ventilation and air conditioning --Enron Broadband Services:
trades bandwidth capacity to fill customers'
transmission needs. Offers bandwidth to content providers like Blockbuster
and AtomFilms.com

COLOR PHOTO: GREG GIRARD--CONTACT PRESS IMAGES THE KING OF REINVENTION
Desperate conditions
in the '80s forced Enron's president Skilling to come up with a new and
highly adaptable business model COLOR
PHOTO: PAUL S. HOWELL--LIAISON AGENCY FOR TIME POWER MERCHANT Even as it
trades commodities
from coal to bandwidth, Enron continues to expand its gas and electric
production around the globe COLOR
ILLUSTRATION: ILLUSTRATION FOR TIME BY BILL SCHWARTZ

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.


Brent:  sorry for my poor "attaching abilities."  Hopefully we will have a
lot to discuss tomorrow.  Lynn has a suggested the use of a separate "action
list" to present to Mike.  SS


Bob,

Let's meet at 8:30
I shall bring him to your office.

Vince

 -----Original Message-----
From: 	Williams, Robert C.
Sent:	Tuesday, January 15, 2002 12:20 PM
To:	Kaminski, Vince J
Subject:	RE: My lawyer

Vince, I could talk with him before 9 or after 3 CST.  I am meeting with the carriers from 9-3.

 -----Original Message-----
From: 	Kaminski, Vince J
Sent:	Tuesday, January 15, 2002 12:12 PM
To:	Williams, Robert C.
Cc:	Kaminski, Vince J
Subject:	My lawyer

Bob,

I am going to speak tomorrow, Wednesday, 1/16/2002, to my lawyer, Walter Brown,
who works for Thelen Reid & Priest LLP in San Francisco.
Will you 5-10 minutes to meet him in the morning to discuss the procedure for indemnification?
http://www.brittonlaw.com/attorney/attorney_idx.htm
Vince


Thanks for the information.  It would be helpful if you would send the
detailed worksheet that you mentioned.

I am surprised to hear that the only restricted shares left are the ones
granted this January.  I have always elected to defer any distributions of
restricted stock.  I believe I selected the minimum amount required to be
kept in enron stock (50%).   Are you saying that all the previous grants have
fully vested and been distributed to my deferral account?

Thank you for looking into this issue.

Phillip


Here is a message that came in from ERCOT. Due to the size of the message, it
seems to have choked the database. I will fix that problem but in the
meantime, here is the text of the message in case it is important information
for you guys.
;
The completion of the Limestone-Watermill 345 double circuit has made a
significant change in the North/South interchange flows.; Previously a set of
limits was calculated daily by ERCOT.; With the new transmission lines the
old calculation is no longer valid.; ERCOT is now observing the South-North
transfer as affected by the ATC calculator.; At this time we have adopted a
set of not to exceed limits for the major 345 circuits in the transfer path.;
These limits are:
;
Good Weather
;
Trading House-Venus 345 kv Double Circuit;;;;;;;;;;;;;;;;;;;;;;;; 1260 MVA
Jewet-Big Brown 345 kv Double Circuit;;;;;;;;;;;;;;;;;;;;;;;;;;;; 1200 MVA
Limestone-Watermill 345 kv Double Circuit;;;;;;;;;;;;;;;;;;;;;;;; 1500 MVA
;

All Bad Weather & North;
;
Trading House-Venus 345 kv Double Circuit;;;;;;;;;;;;;;;;;;;;;;;;; 750 MVA
Jewet-Big Brown 345 kv Double Circuit;;;;;;;;;;;;;;;;;;;;;;;;;;;; 1200 MVA
Limestone-Watermill 345 kv Double Circuit;;;;;;;;;;;;;;;;;;;;;;;; 1400 MVA
;

Direct comments or questions about this posting to Lee Caylor at 512-225-7136.
;
;
;
D. Eric Smith
Enron Corp.
Sr. Spec - IT Dev
Tel: 713-345-8290
Pg: 713-288-3969
Email: d.eric.smith@enron.com
;


OpenLink Financial

[IMAGE]	 [IMAGE]

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 	   THIS ISSUE BROUGHT TO YOU BY       Do the right energy professionals have your company's white papers? Gain exposure to thousands by including them in the industry's most respected information resource - the Energy Central Research Report Center. Users are able to quickly sort and view all included documents. Make sure yours is included. To learn how to submit your white papers, e-mail mjohnson@energycentral.com. http://www.energycentral.com/sections/research         TOP STORIES     Natural Gas Cash Softens despite Late Short Covering Spree  Oct. 15 (Btu's Daily Gas Wire) The natural gas spot market ran flat to slightly lower throughout much of the U.S. and Canada despite the early selling in futures trading, according to traders. Special Offer from this Publisher!      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Andy,

As you might expect in this market environment, valuations are down
significantly from our last round.  I expect we'll be south of $50mm.  We've
slashed our expenses so we won't have to take as much $$ at such a low
valuation.  We only need $5mm to $10mm to get us through to the other side.
At these prices, I expect certain of our existing shareholders to step up.
Just as there was a disconnection between underlying fundamentals and
valuations in the first half of 2000, I feel like there is now a disconnect
on the downside.  Operationally, we're ahead of plan and looking at
profitablity in the third quarter, but most VCs are licking their wounds and
frozen.  They are a bunch of lemmings.  I won't have specific dilution
figures until we firm up the round.  Obviously, I want to sell as little of
the company as possible in this market.  I'll keep you posted.

I'm also working on a proposal on the global strategy I mentioned to you and
Louise in our meeting.  Will have something to share with you in early Feb.

Please keep all this confidential.  I'm headed to Europe later this
afternoon, but will be back on Wednesday if you want to talk.

Best regards,
Frank

-----Original Message-----
From: Andy.Zipper@enron.com [mailto:Andy.Zipper@enron.com]
Sent: Monday, January 22, 2001 10:49 AM
To: Frank Getman, HSE
Subject: RE: VC contact?

Frank,

For reference, what value does the round of financing you are working on
place on HoustonStreet and how much dilution do you anticipate ?


Sir,

I have decided to accept your offer of employment here at Enron.  Please let
me know how I can help with the "hiring-on" process.  May I ask what is the
effective hire date?  That information will help me when I switch over from
Prostaff.

Thank you for this wonderful opportunity!

Sincerely,

Sam Smith


Thanks for your work on this also, Dan!!  DF

From: Dan Bunch/ENRON@enronXgate on 02/13/2001 08:11 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: RE: Laptop Computer

Yes ) anyone who has a Windows 2000 account will be able to use the Laptop

Danny

 -----Original Message-----
From:  Fossum, Drew
Sent: Tuesday, February 13, 2001 8:07 AM
To: Smith, Ann
Cc: Pavlou, Maria; Benner, Martha; Bunch, Dan
Subject: Re: Laptop Computer

Thanks for the quick work, Ann.  Will Dari, Maria and Jim (and Kathy also if
necessary) be able to use it when they travel?  Thanks. df

From: Ann Smith/ENRON@enronXgate on 02/12/2001 04:50 PM
To: Drew Fossum/ET&S/Enron@ENRON, Maria Pavlou/ENRON@enronXgate, Martha
Benner/ENRON@enronXgate
cc: Dan Bunch/ENRON@enronXgate

Subject: Laptop Computer

Drew's old laptop is ready to go.  It now contains Windows 2000 and will
allow access to your e-mail.  I'll receive instructions tomorrow from Dan and
will type an instruction sheet to accompany this laptop.

Thanks, Dan, for being so prompt with my request.

Ann


Chris,

Attached below are the Nov. and Dec. invoices for ENA on Tenn.  Please call if you have any questions.

- Lee Ann


Girl, you're a mess!  Although, you are causing me to smile "in the midst of it all".  You really do need to find this guy.  What's his full name?  Have you tried the internet?  Have you tired any old friends?  Surely, someone knows him or know's where to contact him.  Come on girl, let's go, go. go!  You REALLY need to find him!  Please write back and tell me his full name,  Does he have gas service in his name at Nicor??  Does his momma have gas service with Nicor or do they live in the city?  Come on!!!

 -----Original Message-----
From: 	"Valada Brawner" <VBrawne@nicor.com>@ENRON
Sent:	Wednesday, November 07, 2001 9:53 AM
To:	pmims@enron.com
Subject:	Missing in action

Last night i could not sleep.  I really need to find my friend, just to remove him from system.  Last night I had a dream I found him.  The guy here at work called him for me.  He was not married, but had a daughter.  His feelings were mutual.  He had come to Chicago and rented a limo so that we could have an evening alone.  We did not have any sexual activity.  We did a lot of catching up and sharing of feelings.  He would send me flowers and he wanted to buy me an expensive gift, but i told him that was not necessary, but he did it anyway.  His last statement to me was that i let you get away before, but i will not from this day forward.

I wanted to ask the person who had the prohetic reading to take a look at both pictures (Frank, Ron) to see which man was the one in the dream.


The Bond Legislation
The Democrats in the Assembly and Sentate have agreed to language to create a Dedicated Rate Component to repay the budget and de-link the bonds from the DWR contracts.
But the Republicans have still not agreed to go along.
The bill would require a 2/3's vote to keep the bond issuance on schedule, so Republican votes are necessary.
The Republicans are trying to meet tonite or tomorrow to determine whether to go along.

The Conference Committee
Senator Burton does not like the idea of a conference committee and at this point prefers to use the existing committee structure to hear the core/noncore proposal.
Using the existing committee structure could take longer to produce a bill than using the conference committee structure, but how much longer is uncertain.
No sense yet of when hearings on the core/noncore proposal---in conference committee or otherwise--will take place, though Burton continues to say that he wants to "give it a chance."

The Core/Noncore Legislative Language
The negotiating group continues to work on the language.
The language was supposed to be delivered to Hertzberg by COB today, but more work needs to be done and it is now scheduled to be delivered first thing tomorrow morning.

Senator Dunn's Investigative Committee Hearing
The hearing's been moved from tomorrow to Wednesday.

Best,
Jeff


---------------------- Forwarded by Andrea Ring/HOU/ECT on 05/01/2001 02:39
PM ---------------------------

	From:  Karen D McIlvoy                           04/17/2001 10:20 AM

To: ragan.bond@bhlp.com
cc:  (bcc: Andrea Ring/HOU/ECT)
Subject: Fwd: Fw: Wisom

----- Original Message -----
From: Oldmoney@aol.com
Sent: Friday, April 13, 2001 9:39 PM
To: Oldmoney@aol.com
Subject: Wisom

Instead of getting married again, I'm going to find a woman I don't like
and just give her a house,"
  - Lewis Grizzard

"The problem with the designated driver program, it's not a
desirable job.  But if you ever get sucked into doing it,have fun with it.
At the end of the night, drop them off at the wrong house."
- Jeff Foxworthy

"See, the problem is that God gives men a brain and a penis,
and only enough blood to run one at a time."
Robin Williams

"If a woman has to choose between catching a fly ball and
saving an infant's life, she will choose to save the infant's life without
even considering if there is a man on base."
  - Dave Barry

"What do people mean when they say the computer went down on them?"
   -Marilyn Pittman

"Relationships are hard. It's like a full time job, and we  should treat it
like one. If your boyfriend or girlfriend wants to leave you,they should give
you two weeks' notice. There should be severance pay,  and before they leave
you, they should have to find you a temp."
- Bob Ettinger

"My Mom said she learned how to swim when someone took her out in the lake
and threw her off the boat.  I said, 'Mom, they weren't trying to teach you
how to swim."'
Paula Poundstone

"A study in the Washington Post says that women have better
verbal skills than men. I just want to say to the authors of that study:
Duh."
   - Conan O'Brien

"Why does Sea World have a seafood restaurant?? I'm halfway
through my fish burger and I realize, Oh my God.... I could be eating a slow
learner."
Lynda Montgomery

"The day I worry about cleaning my house is the day Sears comes out with a
riding vacuum cleaner."
Roseanne

"I think that's how Chicago got started. A bunch of people in New York
said,   'Gee, I'm enjoying the crime and the poverty, but it just isn't cold
enough.  Let's go west.'"
   - Richard Jeni

"If life was fair, Elvis would be alive and all the impersonators would be
dead."
  -Johnny Carson

"Sometimes I think war is God's way of teaching us geography."
- Paul Rodriguez

"My parents didn't want to move to Florida, but they turned sixty, and
that's the law."
  - Jerry Seinfeld

"In elementary school, in case of fire you have to line up quietly in a
single file line from smallest to tallest. What is the logic? Do tall people
burn slower?"
- Warren Hutcherson

"Bigamy is having one wife too many. Monogamy is the same."
  - Oscar Wilde

"Marriage is a great institution, but I'm not ready for an institution yet."
Mae West

"Suppose you were an idiot... And suppose you were a member of
Congress...But I repeat myself."
  - Mark Twain

"Our bombs are smarter than the average high school student. At least they
can find Kuwait."
- A. Whitney Brown

Aw, yes, divorce......., from the Latin word meaning to rip out a man's
genitals through his wallet,"
   - Robin Williams

"Women complain about premenstrual syndrome, but I think of it as the only
time of the month that I can be myself."
  - Roseanne

"Women need a reason to have sex. Men just need a place."
- Billy Crystal

"You can say any foolish thing to a dog, and the dog will give you a look
that says, 'My God, you're right! I never would've thought of that!'"
   -Dave Barry

"We have women in the military, but they don't put us in the front lines.
They don't know if we can fight or if we can kill. I think we can. All the
general has to do is walk over to the women and say, 'You see the enemy over
there?  They say you look fat in those uniforms.'"
  -Elayne Boosler

"If you can't beat them, arrange to have them beaten."
  - George Carlin

When I die, I want to die like my grandfather who died peacefully in his
sleep. Not screaming like all the passengers in his car.

Jerry Ann

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


Good Afternoon Sara,

I have faxed a copy of a Termination Agreement dated 10/12/00. Please review
the language and advise if it is acceptable for us to execute.

Regards,

Jorge


Jeff - unless a miracle happens, PG&E is not about to back down from the
quoted interconnect cost. As we discussed in a meeting a month ago, we would
not escalate this issue unless we had given PG&E a graceful way to back out.
We are now at a point where the project is DOA unless we can PG&E to agree to
a few things, such as letting us design and build the interconnection, and
allowing us to review their design criteria and costing method.
None of that will happen without some encouragement.
CSUFresno is ready to blow the lid off through their organization, but we
need to do our part. One of the reasons I sold them on the substation was
their perception of our ability to get things done even if it meant standing
up to the mighty utility.
We have to find a silver bullet in our organization. Do you have any
suggestions? Fresno will make the go/no go decision shortly.

Dirk A.van Ulden
Director, Account and Facility Management
San Ramon District
(925) 543-3879
Fax (925) 543-3550
Dirk_vanUlden@enron.com


fyi
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 09/17/99 11:31
AM ---------------------------

Robert Quick
09/17/99 04:50 AM
To: Sara Shackleton/HOU/ECT@ECT
cc: Mark E Haedicke/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT
Subject: Re: Trader Guidelines

Sara, here are the trader guidelines I developed for UK gas, UK power and
Nordic power.  I assume you need both gas and power. These are to some extent
country or market specific. As these guidelines need to be approved by
Houston, I am copying this to Mark, Alan and Jeff. tks

Sara Shackleton
09/16/99 09:48 PM
To: Robert Quick/LON/ECT@ECT
cc:
Subject: Trader Guidelines

Mark Elliott tells me that you drafted some trader guidelines (physical and
financial) for the London traders.  I am trying to develop similar guidelines
for the Southern Cone regions (first Argentina) and thought your expertise
would be very helpful.  Could you send me a set?  I'm leaving for Sao Paulo
on Saturday but I will be in the office tomorrow.  Thank you for your help.
Regards.  Sara


Cecilia, please go ahead and set up the books.  Thanks!

 -----Original Message-----
From: 	Lewis,  Jon Paul
Sent:	Thursday, January 17, 2002 9:47 AM
To:	Chang, Fran
Subject:	RE: New Gas Book Request

Yes, if she has the codes.

 -----Original Message-----
From: 	Chang, Fran
Sent:	Thursday, January 17, 2002 11:46 AM
To:	Dahlke, Andrea; Lewis,  Jon Paul
Subject:	FW: New Gas Book Request

Hi Andrea and J.P.:

I remembered the other day you advised we should wait on this book request until further notice, but today Cecilia said she has aleady got the book codes from Bill Hare.  (please see the attached email below)

Should we ask Cecilia to go ahead?

-Fran

 -----Original Message-----
From: 	Cheung, Cecilia
Sent:	Thursday, January 17, 2002 9:25 AM
To:	Chang, Fran; White, Stacey W.
Cc:	Wong, Jeremy
Subject:	FW: New Gas Book Request

Should I go ahead and create the following books in ERMTT, ERMTP & ESTERMTP?  Thanks.

CP ID	Short Name	Long Name	Internal	External	Both	Code	Region	P	B	Idx	GD	PHY	Y	Commodity/UOM/Curr
166966	PWR-GAS-WMGMT	POWERGASWESTMANAGEMENT	x			MJ	NYMEX	x						NG/MMBTU/USD
166967	PWR-GAS-NW	POWERGASNORTHWEST	x			MJ	NYMEX	x						NG/MMBTU/USD
166968	PWR-GAS-SW	POWERGASSOUTHWEST	x			MJ	NYMEX	x						NG/MMBTU/USD
166969	PWR-GAS-CALI	POWERGASCALIFORNIA	x			MJ	NYMEX	x						NG/MMBTU/USD

Cecilia
x53362

 -----Original Message-----
From: 	Hare, Bill D.
Sent:	Thursday, January 17, 2002 9:47 AM
To:	Lewis,  Jon Paul; Smith, Will; Rodriguez, Bernice; Cheung, Cecilia; Valdes, John; Yang, Zhiyun
Cc:	Theriot, Kim S.; Chitradurga, Sundar
Subject:	RE: New Gas Book Request

Jon,

I have completed the request for book setups and attached the completed sheet with ID's.  I have a few contacts to complete within the next 10 minutes.

Bill

 -----Original Message-----
From: 	Lewis,  Jon Paul
Sent:	Wednesday, January 16, 2002 3:54 PM
To:	Smith, Will; Hare, Bill D.; Rodriguez, Bernice; Cheung, Cecilia; Valdes, John; Yang, Zhiyun
Subject:	New Gas Book Request

We have already created gas books for the top half of the list.  We now need to attach Gas Daily (I and Y risk types)to these books.  Also, we need to create gas books for the bottom half of the list, as well as, attach Gas Daily (I and Y risk types).

Thank you.

J.P.

 << File: New Book Request TAGGII.xls >>