thanx I have the internet too

 -----Original Message-----
From: 	Brad Gabrielson <bgabrielson@cdnam.com>@ENRON
Sent:	Monday, December 03, 2001 11:34 AM
To:	Dorland, Chris
Subject:	Read the Part about "Chief Money Maker"

Congress to Probe Enron Downfall

AP Online via COMTEX
November 30, 2001

Enron Corp. [ENE], already jarred by a spiraling stock price, a collapsed merger and massive debt, will be under the scrutiny of Congress.
Rep. Billy Tauzin, R-La., chairman of the House Energy and Commerce Committee, on Thursday announced hearings into Enron's accounting practices and into what impact the company's problems might have on electricity and natural gas markets.

"We're very interested in how the company handled its internal books," said Kenneth Johnson, a spokesman for the congressman, adding that the committee's general counsel had been directed to investigate circumstances leading up to the collapse.
Bankruptcy may be the smartest option for Enron Corp. as the once-mighty energy trader tries to extricate itself from a tangled mess of junk credit and massive debt, a bankruptcy expert and professor said.
"I would assume it would lead to a sale of the company, which was coming anyway," said Jay Westbrook, a bankruptcy expert who teaches at the University of Texas School of Law.
"Bankruptcy provides a lot of protections that makes it easier to do, and it buys time to find out what this company's really worth. That was Dynegy's problem - trying to figure out what the company was worth."
Analysts predicted bankruptcy was Enron's only option as the humbled company limped into limited operation Thursday to let skittish traders cut ties with it. The top executive for Dynegy Inc. [DYN], Enron's smaller rival and would-be savior, also detailed how Enron's financial "decay" caused a rescue merger to crumble.
Stunned employees tried to find hope in the fact that Enron - just months ago a towering presence in the energy markets - had yet to make a bankruptcy filing.
EnronOnline, the company's Internet-based trading system, was up and running on a limited basis for traders to finish transactions and offset credit risk with the company. The site, which was the first of its kind, was shut down for several hours Wednesday after Dynegy Inc. called off the merger.
But analysts said that operation, which was Enron's chief money maker, needs cash and credit to survive - both of which are scarce for the trader.
``Everyone should have at least some skepticism that it could ever emerge from Chapter 11,'' A.G. Edwards & Sons analyst Mike Heim said Thursday. ``The energy trading business has probably taken such a hit to its reputation that it would be difficult to retrench and go forward.''
Enron officials did not return repeated calls for comment.
A haggard Chuck Watson, chairman and chief executive of Dynegy Inc., said a steady stream of revelations of weak finances and decline in Enron's core energy trading business left his company no choice but to walk away.
"This was a very difficult, complex, unprecedented decay of a company over many months," he said at a news conference. "That's a shame, because (a merger) could have worked."
Dynegy announced the rescue plan Nov. 9, knowing that Enron posted a $618 million loss in third-quarter earnings and had ousted its chief financial officer for running partnerships that allowed the company to keep half a billion dollars in debt off its books. The Securities and Exchange Commission is investigating.
But that wasn't all.
Nov. 19 Enron filed paperwork with the SEC that restated its earnings back to 1997, eliminating more than $580 million in reported income in that time span. The filing also disclosed that Enron would have to pay a $690 million debt within a week.
Enron got an extension for the debt, but its stock resumed a free-fall that had halted temporarily with the merger announcement. Dynegy started renegotiating Enron's sale price.
After falling 85% Wednesday, shares of Enron were off another 25 cents, or 41 percent, to finish at 36 cents in extremely heavy trading on the New York Stock Exchange. Enron's 52-week high was reached last December, at $84.88.
Watson said surprises in the SEC filing caused irreparable damage, even as Dynegy continued to hammer away at an agreement.
When two agencies cut Enron's credit rating to junk status Wednesday - triggering an obligation to pay debts of $3.9 billion, or nearly twice the cash the company is believed to have - Watson said he had to stop trying to save another company and protect his own.
Watson said Dynegy invoked an escape clause in the merger agreement that allowed it to back out if Enron had serious financial problems, so Dynegy won't have to pay a $350 million breakup fee.
He also said Dynegy will acquire Enron's Northern Natural Gas pipeline - which has 16,500 miles of pipelines from Texas to the Great Lakes - in exchange for the $1.5 billion part-Dynegy owner ChevronTexaco pumped into the ailing trader. "Their pipeline operation is as good as any in the industry," Watson said. "The real question is the wholesale operation, and the viability of that and how fast they can come back into the market."
Enron may challenge that acquisition, but Watson said the tradeoff ensured ChevronTexaco wouldn't be out $1.5 billion.
"That pipeline will be Dynegy's Dec. 19," he said.
Rob Doty, Dynegy's chief financial officer, said Friday that because Dynegy is the pipeline's preferred stockholder, Northern Natural Gas cannot seek bankruptcy protection without Dynegy's approval.
He said the pipeline has been a separate subsidiary of Enron for more than 20 years. Dynegy will assume $950 million of Northern Natural Gas debt, Doty said.


With Sara Shackleton, Mark Taylor, Carol St. Clair, Elizabeth Sager, Leslie
Hanson


Yes, this question pertains to generation owned or controlled in California.
Since Enron does not own or control any generation in California this data
request would not apply.

>>> <Mary.Hain@enron.com> 10/06/00 01:32PM >>>

Concerning your Data Request to Generators #2, I believe this question was
sent to us in error.  Enron Power Marketing does not own any generation in
California, so these questions do not apply.  Please let me know if I have
read the question incorrectly.

 (Embedded     Enron Capital & Trade Resources Corp.
 image moved
 to file:      From:  "Brian Harrington"
 pic12292.pcx) <brian.harrington@ferc.fed.us>
               10/05/2000 01:27 PM

To:   <Mary.Hain@enron.com>
cc:
Subject:  Data Request #2 - Nox Credits

Here is the second data request.  Please call me with any questions.

Thanks

(See attached file: Generators#2.wpd)


Mark --

Thanks for the additions.  I will add to the Asset / Responsibility Matrix.

The definition I have been using is that Regulatory Risk is a subset of
Sovereign Risk (with the other element being Political Risk).  Regulatory
Risk is a "legal" action taken by a government or its agent which modifies
Enron's business environment, most often directly through modifications in
the energy and communications markets, but also in broad areas such as taxes
and export - import policies.  Political Risk is a "supra-legal" action that
has the same impact (e.g., expropriation).

Currently the Regulatory Risk Working Group (Fiona Grant is member) is trying
to put in place a "standard" process to review and analyze regualtory risk
around the globe - quite an undertaking.  When I use the term Regulatory Risk
Management, I am primarily talking about such a process.  The key elements of
any risk management function are (1) identification, (2) assessment, (3)
mitigation / transference, and (4) audit.  You would probably agree that the
most difficult problem is to try and assess the impact of any Regulatory Risk
event.  The other key goal is to have a Mitigation Plan in place with an
assigned person to "manage" our activities so that Enron does not face an
associated loss.

My goal is to try an have this process in place by mid-year.  That would
include having undertaken a structured review of our current Assets (the
reason for the original questions) and the ability to review pending deals.

When you come over to Houston next week I would really like to sit down and
go through my thoughts with you.

Thanks.

JDS

Mark Schroeder@ECT
02/09/2000 05:48 AM
To: James D Steffes/HOU/EES@EES
cc: Richard Shapiro/HOU/EES@EES, Steven J Kean/HOU/EES@EES, Fiona
Grant/LON/ECT@ECT, Philip Davies/LON/ECT@ECT
Subject: Re: Assignment of Regulatory Risk Responsibility for Current Assets

Jim - overnight I realised you need to add our project in Turkey (Fiona
Grant) and Poland (Philip Davies).  I have not given you any one person, as
the regulatory issues seem to be country/environment specific, and instead I
have given you the names of each person with country responsibility.  Indeed,
at year-end we completed a financial transaction (Project Margaux), in which
regulatory risk was reviewed.  A definition of Rugulatory Risk would be
helpful, e.g., in most of these markets, trading arrangements are being
re-written, or developed for the first time, this put existing PPAs under
pressure.  Would energy taxes, carbon taxes/trading, transmission pricing
(both for evacuation of power, and delivery of gas), changes in property
tax/fuel tax regimes, risk of price regulation, all be included?  Do you have
checklist?  We can identify these risks, what is meant by "manage"?  We work
on these types of issues on a daily basis, so I am unclear as to what else is
intended or implied.  thanks  mcs

James D Steffes@EES
08/02/2000 17:24
To: Richard Shapiro/HOU/EES@EES, Mark Schroeder/LON/ECT@ECT
cc: Steven J Kean/HOU/EES@EES

Subject: Assignment of Regulatory Risk Responsibility for Current Assets

Rick & Mark --

One of the first steps in building our Regulatory Risk process is to
establish responsibility for the current assets owned/managed by Enron.
Having a point person that I can contact will help me immensely.

Attached is a listing of the assets that I have been able to pull together --
there may be more that you know about.

Is it possible for us to agree upon the person(s) who will manage the
Regulatory Risk with each of these assets?  Please feel free to call me to
discuss.

I would like to have this assignment process complete within the month.

The same type of effort will be necessary as we review pending transactions.

Thanks.


Thank you for your request. You will be notified by email when your request has been processed. You can check the progress of your request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000080640&Page=MyReq.


is it? 2.389 was the april contract settle yesterday.

 -----Original Message-----
From: 	Meyer, Chris
Sent:	Wednesday, February 27, 2002 12:38 PM
To:	Parks, Joe
Subject:	stuart zisman

Joe could you please verufy that the purchase price for the Bridgeline Pad gas is $2.389 - $0.015 = $2.374

chris


We've done it again, everyone.   Enron has been named the "Most Innovative
Company in America" for the sixth consecutive year by Fortune.  That's right
-- six years in a row.   We continue to be recognized by our industry peers
and other corporate executives and securities analysts as the company that
sets the standard for doing business in the new economy.  Congratulations to
all of you for making it happen.

Enron placed No. 18 overall on Fortune's list of the nation's 535 "Most
Admired Companies," up from No. 36 last year.  We also were ranked among the
top five in "Quality of Management," "Quality of Products/Services" and
"Employee Talent."

This issue of Fortune is now available in airports and will be on newsstands
Monday, Feb. 12.  For more information, go to www.fortune.com.


Attached please find the interview packet for the above-referenced person.
The interview will happen Thursday August 17, 2000.  Please print all three
documents for your hard copies.  If you have any questions, or conflicts of
schedule, please do not hesitate to contact me.

Sean Grady
58701


John,

Per Kevin, we've already sent our requests.

Fletch


ATS is not new origination and shows through the MPR.  All the rest were too small.

Louise

 -----Original Message-----
From: 	Mrha, Jean
Sent:	Monday, October 08, 2001 2:33 PM
To:	Kitchen, Louise
Subject:	FW: Upstream Products Hotlist

Why?

 -----Original Message-----
From: 	Hernandez, Ana Maria
Sent:	Monday, October 08, 2001 9:48 AM
To:	Mrha, Jean
Cc:	Gruesen, Karen
Subject:	FW: Upstream Products Hotlist

Per Chris Sherman's and Louise Kitchen's meeting, only Blowfish, NICOR, and Unocal should be on the Hotlist.  Kinder Morgan, Seabreeze II, and Oakhill have been removed for the 4th Quarter 2001.

Please see the revised Hotlist for 10/03/01.

 << File: Hotlist10-03-01-ena-REV.xls >>

 -----Original Message-----
From: 	Hernandez, Ana Maria
Sent:	Wednesday, October 03, 2001 3:52 PM
To:	Brown, Sarah; Day, Misti; Fleenor, William; Grass, John; Gruesen, Karen; Hilgert, Chris; Jones, Melissa; Mayeux, Cassandra; Miller, Kevin; Mrha, Jean; Trevino, Lacye
Subject:	Upstream Products Hotlist

Attached is the Upstream Products Hotlist for October 3, 2001.

Thanks
Ana Hernandez

 << File: Hotlist10-03-01-ena.xls >>


ECAR

There was plenty of generation online for Sat. and Sun.  FE offered out 150
mw's at $38 for a 16-hr. schedule for Monday.  No one had any interest at
this price level.  There were no decent bids for saturday or sunday.   On
saturday we moved  Ecar power down to Florida most of the day until TLR's
were called.  On sunday during the evening peak Soco was on the bid($25),
unfortunately TLR's prevented any energy from moving into Serc.  Most
utilities will be sellers in the morning.

 ECAR   FRI 16 hour average:  BID  $ 25.6   OFFER $ 27.5
   SAT 16 hour average:  BID  $ 10.5   OFFER $ 26.9
   SUN 16 hour average:  BID  $  9.9  OFFER $ 17.2

MAIN

 TLR's were abundant over the weekend.  CE, Ameren and other Main members
were not able to send power into Serc or Frcc.  No legitimate bids while
sellers had plenty of power.  Ameren was an island due to TLR's.  CE will be
selling hourly all day Monday.  CE quoted an offer of $36 for a 16-hr
schedule, for he 7 they quoted $12, with no bids to move it to.   Ameren will
also be selling hourly if TLR's do not kick in.  No one had any interest in
picking up a preschedule.

 MAIN  FRI 16 hour average:  BID  $ 19.7   OFFER $ 30.4
   SAT 16 hour average:  BID  $ 10.1   OFFER $ 20.7
   SUN 16 hour average:  BID  $ 9.4   OFFER $ 15.7


Content-Transfer-Encoding: quoted-printable
Date: Thu, 10 May 2001 13:29:36 -0500
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "Justin Long" <jlong@bracepatt.com>
Cc: "Aryeh Fishman" <afishman@bracepatt.com>, "Andrea Settanni"
<asettanni@bracepatt.com>, "Charles Ingebretson"
<cingebretson@bracepatt.com>, "Charles Shoneman" <cshoneman@bracepatt.com>,
"Deanna King" <dking@bracepatt.com>, "Dan Watkiss" <dwatkiss@bracepatt.com>,
"Gene Godley" <ggodley@bracepatt.com>, "Kimberly Curry"
<kcurry@bracepatt.com>, "Michael Pate" <mpate@bracepatt.com>, "Paul Fox"
<pfox@bracepatt.com>, "Ronald Carroll" <rcarroll@bracepatt.com>
Subject: House Panel Rejects Pwr Price Caps For Calif, West
Mime-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Content-Disposition: inline

House Panel Rejects Pwr Price Caps For Calif, West
Updated: Thursday, May 10, 2001 01:04 PM ET

WASHINGTON (Dow Jones)--The U.S. House, Energy and Air Quality Subcommittee
Thursday rejected an effort to amend an electricity relief bill for
California and Western states to require cost-based price caps.

The subcommittee voted 20-12 to reject an amendment offered by Rep Henry
Waxman, D-Calif, which borrowed price-cap language from a Senate bill
sponsored by Senators Dianne Feinstein, D-Calif, and Gordon Smith, D-Ore..

All Republican members voted against the measure, and were joined by two
Democrats, Ralph Hall of Texas, and Christopher John of Louisiana.

Three California Republicans joined their colleagues in voting against the
amendment; Mary Bono, George Radanovich and Christopher Cox.

The subcommittee continues to debate the overall measure and is expected to
vote for final passage later in the day.

-By Bryan Lee; Dow Jones Newswires; 202-862-6647; bryan.lee@dowjones.com


I asked Tanya to confirm for me who in Credit whould be getting the emails
about signed masters, and below is here response.
----- Forwarded by Tana Jones/HOU/ECT on 01/25/2001 09:22 AM -----

	Tanya Rohauer
	01/25/2001 07:21 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Credit Distribution

Bill Bradford
Debbie Brackett
Tanya Rohauer
Jason Williams
Brant Reves
Russell Diamond
Rudwell Johnson
Daren Vanek
Veronica Espinoza
Paul Radous
Ken Curry
Aparna Rajaram
Wendi LeBrocq
Tom Moran
Nidia Mendoza
Wendy Conwell
Ed Sacks
Veronica  Gonzalez

Not all of these people actively negotiate docs (Tom, Veronica G, Wendi,
Wendy,etc) but should be on the distribution nonetheless. The only people I
have left off are EES, EBS, etc.  Let me know if you have questions.


We have placed the CPR Pipeline Exchange Activity Report into the Sitara
Production Reporting.   Please let me know if
you have any questions.   This report gves you the volume activity of a given
business unit , on all or selectied pipes,  for
given flow dates.   Please rememeber that this report is originating from the
SITARA database.

You all have access to run reports in SITARA.   You can run reports by
clicking the last icon (blue one) from the Sitara launchpad.
You may have to logout of SITARA to compeletely to see the icon.

*  Once you are able to access the WEB site from the ICON,  click on Reports.
*  Login using your SITARA login and password.
*  Select the Specialized/Exceptions Category from the drop down menu.
*  Run the CPR Pipeline Exchange Activity Report.  You will have to select a
business unit, flow date and optionally pipe.

If you have any problems running this report, let me know at x37913.

Thanks,
Hunaid


-----Original Message-----
From: 	Murray, Julia
Sent:	Monday, November 05, 2001 6:26 PM
To:	Sanders, Richard B.
Subject:	Questions

 -----Original Message-----
From: 	Siurek, Ryan
Sent:	Monday, November  5, 2001 5:54 PM
To:	Murray, Julia
Subject:


Posted @ 1:33pm 7/20/00

   Toby

	From:  Susan Scott                           07/20/2000 01:26 PM

To: Toby Kuehl/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@ENRON, Lindy Donoho/ET&S/Enron@ENRON, Jeffery
Fawcett/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Lorraine
Lindberg/ET&S/Enron@ENRON, TK Lohman/ET&S/Enron@ENRON, Michelle
Lokay/ET&S/Enron@Enron, Christine Stokes/ET&S/Enron@ENRON, Drew Fossum@ENRON

Subject: Revised IOS notice

Please post the attached notice immediately.

(Marketers:  in paragraph 8, I've eliminated the min/max language since we're
willing to do a rate over the max.
In paragraph 10, I've changed the tiebreak procedure.)


----- Forwarded by Mark Taylor/HOU/ECT on 02/01/2001 06:34 PM -----

	Ted Bockius <Ted.Bockius@iVita.com>
	02/01/2001 06:04 PM

		 To: "'mark.taylor@enron.com'" <mark.taylor@enron.com>
		 cc:
		 Subject: FW: HoustonChronicle.com

-----Original Message-----
From: Maureen McCann
Sent: Thursday, February 01, 2001 5:37 PM
To: Ted Bockius
Subject: HoustonChronicle.com

 http://www.chron.com/cs/CDA/story.hts/business/811702
 <<HoustonChronicle.com.url>>

 - HoustonChronicle.com.url


Hi Vince, Scott Pleus (listed below in the director promotion section) is
bandwidth-trading backoffice person we,ve been working with.  I have known
Scott from EBS since he and I started around the same time. In fact, I was
one of the first people to talk to Sally Beck about booking some of our
network positions*at which time I met Scott.   I know we have discussed this
matter many times before, but this is a specific example of how people at all
functional areas are benefiting from EBS' rapid 'growth.'  Scott has been at
Enron for about the same time I have been. He came from another energy
company's backoffice before that.

As for my specific situation, after our discussion yesterday, I understand
clearly what happened. It appears bad luck had a lot to do with it!!!

Thanks for looking into the promotion in the first place and I am certain
that you'll push the promotion through at the earliest convenience of the HR
folks!

Kind Regards,

Ravi.

----- Forwarded by Ravi Thuraisingham/Enron Communications on 02/08/00 09:22
AM -----

	Sally Beck@ENRON
	Sent by: Enron Announcements@ENRON
	02/07/00 07:01 AM

		 To: All ENA Domestic Employees
		 cc:
		 Subject: Energy Operations Promotions

	ENA Energy Operations

	Sally Beck     Vice President of Energy Operations

I am pleased to announce the following promotions effective February 1 within
ENA Energy Operations.  These individuals have been promoted in recognition
of their outstanding performance and their contributions to the continuing
success of Enron North America. Please join me in congratulating these
employees on their promotions.

Promotions to Senior Director

Kristin Albrecht serves as Business Controller for ENA,s power business.
Along with Leslie Reeves, Kristin ensures that power transactions are handled
accurately and smoothly from beginning to end.  Kristin,s primary focus is on
risk controls and daily reporting of positions and p&l for East Power
trading, West Power trading and Genco operations.

Brenda Herod serves as Business Controller for ENA,s assets business, working
with the Gas Assets group and the Texas trading desk.  Her responsibilities
include global contracts and facilities, risk management, confirmations, gas
scheduling, volume management, settlements and regulatory compliance for
Houston Pipeline, LRC and Enron Midstream Services.

Leslie Reeves is a Business Controller for ENA,s power business, working
closely with Kristin Albrecht in managing mid and back office support for the
East, West and Genco power trading groups.  Her primary responsibilities are
documentation and settlements, with a focus on contract administration, cash
forecasting and cash management.

Mary Solmonson leads ENA,s Global Database Management Group, collecting and
validating information on our customers, contracts, pipelines and facilities,
as well as published prices.  These activities support overall Energy
Operations responsibilities from Risk to Logistics to Settlement.  In
addition, Mary has been instrumental in the promotion and implementation of
the Global systems across Enron to provide control, consistency, and common
data throughout the organization.

Promotions to Director

Scott Pleus serves as Business Controller for Enron,s Emerging Products.
These businesses include Bandwidth, Pulp and Paper, and Weather.  His primary
responsibilities include day-to-day functions of risk management,
confirmations, pulp and paper scheduling, and settlements as well as long
term system development.

Sheri Thomas led ENA,s natural gas off-system settlements function throughout
1999. Her responsibilities included cash forecasting, collections, and
accountability for receivables and payables for ENA,s gas business in the
East, West and Central regions of the US.  Sheri accepted a new assignment in
January 2000 and is now managing the Enron Online operations.

Promotions to Manager

Bennett Kaufman manages the risk management administration function for the
Equity Trading and Debt Trading groups.  He has also had experience in
supporting the options book for natural gas derivatives trading.  Prior to
joining Enron in early 1998, Bennett worked in trading operations for
investment banking firms in New York.

Richard McKeel is the Systems Integration Analyst within Global Database
Management, overseeing the change management process and new software
development needed to interface the Global applications with strategic
systems ) Sitara, Unify, EnPower, Solarc, SAP, and EnronOnline.

Other Promotions

Specialist to Senior Specialist:    Analyst to Specialist:

Sylvia Campos ) Deal Compliance Contract Records  Tara Eslick ) Financial
Trading Risk Management
Kam Keiser ) Gas Risk Management- Central Desk   Victoria Versen ) Gas
Logistics - East Desk
Phillip Love ) Risk Controls Operational Analysis
Jeff Coats ) Gas Risk Management - Central Desk
Monica Lande ) West Power Risk Management (Portland) Senior Clerk to Staff:
Trang Le )  Strategic Operations ) Project Unify
John Postlewaite ) East Power Risk Management  Anthony Campos ) Deal
Compliance Contract Records
Diane Seib ) Documentation (Calgary)     Kori Loibl ) Gas Risk Management -
Financial Books
Donnie Vinson ) West Power Risk Management (Portland)
Imelda Frayre ) Strategic Operations - Project Sitara
        Clerk to Senior Clerk:
Staff to Specialist:
        Leslie Smith ) Information & Records Management
Amy Degeyter ) Power Documentation    Melinda Whalen ) Documentation (Calgary)
Michael Nguyen ) Emerging Products Risk Management
Sherlyn Schumack ) Logistics Volume Management
Karie Hastings ) Strategic Operations - Project Sitara

In addition, Peggy Hedstrom and Brent Price were promoted to Vice President,
as announced in the memo issued by Enron Corp. Office of the Chairman.  Peggy
leads Energy Operations for Enron Canada, with responsibility for risk
management, documentation and gas logistics.  Peggy also serves as a key
interface with Canadian pipelines as a member of several industry
committees.  Brent is the Senior Business Controller for Gas Trading
Operations in the U.S.  His responsibilities include risk management,
confirmations, volume management and settlements for the East, West and
Central regions.  He also provides operational expertise in the due diligence
phase of the evaluations of joint ventures and acquisitions.


please add this to my calender.  thank you.
---------------------- Forwarded by Scott Neal/HOU/ECT on 06/30/2000 12:48 PM
---------------------------

	From:  Becky Young @ ENRON                           06/30/2000 12:41 PM

To: Steve Venturatos/HOU/ECT@ECT, Janet H Wallis/HOU/ECT@ECT, Brenda F
Herod/HOU/ECT@ECT, Gary W Lamphier/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Edward
D Gottlob/HOU/ECT@ECT, Lauri A Allen/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT,
Elsa Villarreal/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, Thomas A
Martin/HOU/ECT@ECT, Greg McClendon/HOU/ECT@ECT, Stacey Neuweiler/HOU/ECT@ECT,
Mike Grigsby/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Keith
Holst/HOU/ECT@ect, Jane M Tholt/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Steven
P South/HOU/ECT@ECT, Frank Ermis/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Tori
Kuykendall/HOU/ECT@ECT, Paul T Lucci/DEN/ECT@Enron, Matthew
Lenhart/HOU/ECT@ECT, Kimberly S Olinger/HOU/ECT@ECT, Kenneth
Shulklapper/HOU/ECT@ECT, Jay Reitmeyer/HOU/ECT@ECT, Beverly
Beaty/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT,
Tricia Bowen/HOU/ECT@ECT, Joe A Casas/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT,
Judy Townsend/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT,
Maureen Smith/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT,
Scott Neal/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Scott
Hendrickson/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT, Brad
McKay/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT,
Sandra F Brawner/HOU/ECT@ECT, Brian Hoskins/HOU/ECT@ECT, Peter F
Keavey/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT,
Craig Breslau/HOU/ECT@ECT, Jennifer Shipos/HOU/ECT@ECT, Susan
Wood/HOU/ECT@ECT, Josephine Lin/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT,
George N Gilbert/HOU/ECT@ECT, Ross Prevatt/HOU/ECT@ECT, Sabra L
Dinari/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Farzad
Farhangnia/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT, Charles T
Muzzy/HOU/ECT@ECT, Theresa Branney/HOU/ECT@ECT, Eva Pao/HOU/ECT@ECT, Fletcher
J Sturm/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Geoff Storey/HOU/ECT@ECT,
Andrew H Lewis/HOU/ECT@ECT, Maria Garza/HOU/ECT@ECT, Kevin
Ruscitti/HOU/ECT@ECT, Jason Williams/HOU/ECT@ECT, Martin Cuilla/HOU/ECT@ECT,
Kelli Stevens/HOU/ECT@ECT, Ed Smith/HOU/ECT@ECT, Tom Donohoe/HOU/ECT@ECT,
George Smith/HOU/ECT@ECT, Lisa Kinsey/HOU/ECT@ECT, Margie
Straight/HOU/ECT@ECT, Reyna Cabrera/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT,
Barry Steinhart/Corp/Enron@Enron, Danny Conner/NA/Enron@Enron, Jim
Schwieger/HOU/ECT@ECT, Barbara Lewis/HOU/ECT@ECT, Todd
Richardson/Corp/Enron@Enron, Steve Gillespie/Corp/Enron@ENRON, Scott
Goodell/Corp/Enron@ENRON, Larry May/Corp/Enron@Enron, Mike
Maggi/Corp/Enron@Enron, Mark Smith/Corp/Enron@Enron, Bill
Berkeland/Corp/Enron@Enron, Caroline Abramo/Corp/Enron@Enron, Chris
Gaskill/Corp/Enron@Enron, Troy Black/Corp/Enron@ENRON, Nelson
Ferries/Corp/Enron@ENRON, Scott Loving/NA/Enron@ENRON, Joe
Parks/Corp/Enron@ENRON, Russell Dyk/Corp/Enron@ENRON, John
Grass/Corp/Enron@ENRON, Darren Espey/Corp/Enron@ENRON, Elizabeth
Shim/Corp/Enron@ENRON, Wes Dempsey/NA/Enron@Enron, Cora
Pendergrass/Corp/Enron@ENRON, Barry Steinhart/Corp/Enron@Enron
cc: Ina Rangel/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, Kimberly
Brown/HOU/ECT@ECT, Barbara Lewis/HOU/ECT@ECT
Subject: PIRA Natural Gas Briefing

PIRA representative, Greg Shuttlesworth will be at Enron on Thursday, July 27
from 3:00pm - 4:30 pm in EB30C1 to give a natural gas briefing.  This
briefing is included in the current consultant relationship between PIRA and
ENA.  Please respond to me if you plan to be in attendance for this
briefing.

Thanks,
Becky Young
x30622


---------------------------------------------------------------------
This message is brought to you by CustomOffers.com
---------------------------------------------------------------------

The NEW XCam2 is a tiny, yet powerful wireless video camera that's so small it fits in the palm of your hand! And since it's wireless you can put it anywhere. Now you can get this Amazing Wireless Camera Kit for only $79.99 + FREE VCR COMMANDER if your order TODAY!!

http://x10.ym0.net/re3.asp?C=31306&P=82524&L=0

Here's what you can do with NEW XCam2:

- Create home videos! Capture life's moments!
- Expandable to 16+ cameras and linked together with 1 remote!
- Monitor front door visitors!
- Complete home & office surveillance!
- Supervise your children from your bedroom!
- Monitor your home via the Internet with X-Ray Vision (optional add-on)

DISCOUNT PRICE! Only $79.99 + Get a FREE VCR COMMANDER!  **That's an amazing $170 Value - Save $90! ORDER NOW!

http://x10.ym0.net/re3.asp?C=31306&P=82524&L=0

<><><><><><><><><><><><><><><><><><><><><><><><><><><><>

MOST POPULAR DEAL... GET A COMPLETE WHOLE HOUSE WIRELESS SURVEILLANCE KIT with SMART VCR taping! SAVE $218.

EXCLUSIVE YESMAIL SPECIAL! $388 Value! Now $169.99!

http://x10.ym0.net/re3.asp?C=31306&P=82524&L=0

THREE-CAMERA SUPER DEAL with FREE VCR COMMANDER!
This complete wireless 3-camera kit provides incredible video surveillance for your entire home! Manage the views of 3 tiny, wireless cameras on your TV (expandable to 16+) with the touch of a button.

SEE & RECORD... (Whether you're home or not!)
VIEW what's going on throughout your entire home/office and
RECORD ONLY the action from all your cameras on ONE VCR!

* Use a Camera to view the walkway
* Use a Camera to view the backyard
* Use a Camera to view the kid's playroom
* Use a Camera to view the kid's bedroom
* Use a Camera to view the side of the house
* Use a Camera to view the kitchen

EXCLUSIVE YESMAIL DEAL - $388 Value - Now Only $169.99!! This is a complete kit that allows you to set up 3 cameras and link them together through any TV or VCR and it allows you to record what you want, ONLY the action, whether you're home or not, with the NEW VCR Commander! Hands FREE Surveillance!

Everything you need is included -- 3 XCam2 wireless cameras, 1 remote, 1 wireless receiver, 1 transceiver, 3 addressable power supplies, 1 VCR Commander Kit (which includes Eagle Eye Motion Sensor), and all the cables! These 3 HOT cameras are ready to go right out of the box and give you instant "Scan & VCR POWER!"

YESMAIL EXCLUSIVE OFFER: $169.99! SAVE $218!

http://x10.ym0.net/re3.asp?C=31306&P=82524&L=0

It's Available, Affordable, Reliable and Easy to Install.

<><><><><><><><><><><><><><><><><><><><><><><><><><><><>

 - Click on Links in this email for more details
 - Offers Valid in U.S. ($USD) and Canada Only
 - Offers Not Valid with Gift Certificates/Vouchers.
 - FREE Shipping for U.S. orders over $49 (including Alaska and Hawaii); $10 for Canadian orders
 - 30-Day money back guarantee from X10.com

Thanks & Best Regards,

Brian Edwards
X10 Discount Club Manager

---------------------------------------------------------------------
*MEMBER SERVICES*
To unsubscribe from this mailing please reply to this
email with the word "unsubscribe" in the subject line.
---------------------------------------------------------------------


Do you remember negotiating any master agreements for ECT that did not
contain the necessary elements for trading energy commodity derivatives?  In
particular I'm thinking about things like the trade opiton exemption
representations and the commodity derivatives definitions provisions.


I tried to approve this a couple of times, so it should be taken care of.

D


Leslie Lawner, Becky Cantrell and I met with Dan Larcamp at FERC yesterday to discuss the marketing affiliate issue.  He agreed with the latest press reports that the upcoming rulemaking NOPR, expected to be voted out in September, would not make major structural changes to the industry.  The current document is up to the Commission level and the Commissioners are clearly considering the alternatives now.  Larcamp said he expected a broadening of the current market affiliate rules structure to include all corporate entities.  He did specifically mention that the Commission is not comfortable with the link between financial and physical transactions and the possibility for manipulation of market prices in one market (financial) to affect prices in the other market (physical).  He also expects the Commission to blend the gas and power rules, using the best practices of each.  Any NOPR that is issued will of course have comment dates to allow Enron and all industry participants to comment on any proposed rule changes.

Larcamp indicated that he did not think there were pervasive afilliate discrimination issues in the industry, but said that the Commission needed to act due to the political pressures they got from the Hill, etc.  The El Paso case is top on everyone's mind and is of special concern because it affects the California market, both gas and power.

Larcamp indicated that he is just now learning what a "Pat Wood" Commission is going to want.  He indicated that Wood has closer ties to the producer community than either of the two former Chairmen.  He therefore expects  that the Commission will be responsive to that sector in taking a relook at the affiliate rules.  However, Larcamp did mention that the only meeting that he had previously had on the affiliate issue was with the INGAA group (Joe Hartsoe went with them).  It is not clear whether the producer community has lobbied this issue at the Commissioner level.

We discussed strategy with Dan, how to let the Commission feel more comfortable with the marketing affiliate issue.  He suggested that he had gained a lot by visiting the trading floors (including Enron's).  He thought the Commissioners and their immediate staffs would benefit from similar visits.

We specifically raised the issue of market prices, and talked about tranportation costs not equalling basis differentials.  We stated that our marketers believed that the prices in the market were determined by market factors in the specific areas of delivery rather than basin costs plus transport costs.  Dan did indicate some agreement with this concept and thought that more education at the Commissioner level would be very worthwhile.

If you have any questions, call Leslie, Becky or me.


?
Please find enclosed the complete conference agenda for Real Options 2000:
Capitializing on Uncertainty and Volatility in the New Millennium,
scheduled in Chicago, IL on September 25-26, 2000 (interactive
workshops available the 24th, 26th(evening) &27th). Please
review this information and feel free to forward to any colleagues
or associates that would have an interest in this topic with my contact
information.

If you have questions, or wish to register yourself or any colleagues,
(three or more receive a discount), do not hesitate to call me
directly @ 212.885.2695. Otherwise, I will be in contact in a couple
of days to follow-up.

Best regards,
Neda Zoko
 - Real Options Sept.pdf


======================================================
                from Gilder Publishing
                  THE FRIDAY LETTER
     e-mailed weekly, for friends and subscribers
======================================================
                  | www.gilder.com |

Issue 7.0/May 11, 2001

HEADLINES:
* May's Gilder Technology Report/The Great Divide
* In The American Spectator/Art Laffer Says "Boom!"
* Peter Huber/I, Silicon
* Friday Letter Bonus/David Gelertner's "The Second Coming"
* Poll Question/Break Up Microsoft?
* Readings
* Conference Calendar
~~~~~~~~~~~~~~~~~~
IN THE GTR, MAY 2001/The Great Divide

"Today Wall Street is telling the world that all information technology
companies are essentially the same. They may produce Internet
infrastructure, terabit routers, Ethernet hubs, or SONET (telco-standard,
optoelectronic) switches. They may manufacture cell phones or personal
computers or net appliances. But whatever they do, they sell "technology,"
and they all face a recession, a collapse of orders, and a capital dearth.

"This conventional wisdom is as wrong today as the similar view in the
mid-1980s that all the companies in the semiconductor and computer
industries were the same, that it didn't matter whether you invested in
Intel or Monolithic Memories, in Applied Materials or Applied
Microsystems, in Microsoft or Digital Equipment. A profound recession and
a stock market crash were said to be pushing the entire industry massively
to capital rich Japan and other Asian countries. To many observers, the
most glamorous remaining U.S. projects were supercomputer ventures such as
Cray Computer, Control Data, or Thinking Machines Corporation that were
multiplying compute-power in a single box to 10 billion operations per
second and above.

"What in fact was going on in 1985 was the opening of a Great Divide in
the computer industry. On one side were the companies achieving billions
of operations per second in a single computer; on the other side were
companies enabling production of hundreds of millions of computers. The
companies such as Control Data, Cray, and even IBM that focused on
performing billions of operations per second in a single costly box lost
to the companies that focused on enabling millions of people to use
computers: Intel, Microsoft, and Dell.

"Today a similar Great Divide is opening up in networks. It also revolves
around the key abundances and scarcities of an industry. This Great Divide
separates the companies performing the mostly empty stunt of multiplying
the number of inaccessible bits per second on a backbone fiber from the
companies multiplying the number of customers who can access the network.
It separates the companies focused on big, costly bandwidth from the
companies focused on cornucopian connectivity."

The Gilder Technology Report's May 2001 issue is available online now.
Subscribers can log in at www.gildertech.com.
~~~~~~~~~~~~~~~
IN THE AMERICAN SPECTATOR/Art Laffer says "Boom!"

Supply-side prophet Arthur Laffer charts smooth sailing ahead.

Too often economists defer judgment on issues like the stock market
because the depth and breadth of the uncertainties are enormous.
Unfortunately, when economists do step aside they not only avoid making
mistakes, but they also deprive others of their insights. Economists do
have a lot about which to be modest, but they also have a great deal to
add.

Take the stock market, for example. A central concept in finance is that
the price of an asset is the discounted present value of that asset's
future earnings stream. While rarely employed in macroeconomics, this
concept, when judiciously applied to the overall U.S. economy, allows us
to evaluate the appropriate price for aggregate stock market--not too
shabby if true.

Read the full story at www.gilder.com.

~~~~~~~~~~~~~~~
PETER HUBER/I, Silicon

"Microprocessors and bandwidth already substitute for military personnel
in outer space, and before long they'll take over the fighter jet and the
tank. But even as the human body ejects from the cockpit, the silicon
cockpit is infiltrating the body itself. The technologies that make
possible spy satellites and pilotless drones are moving into pacemakers,
defibrillators, hearing aids and a boundless new array of stimulators,
pumps and prostheses."

Digital Power Report co-editor Peter Huber's "From Silicon Cockpit to
Silicon Body" appears in the May 14th issue of Forbes. Read the full text
at
www.forbes.com/columnists/forbes/2001/0514/121.html
~~~~~~~~
FRIDAY LETTER BONUS/David Gelertner's "The Second Coming"

"Any Microsecond Now

"Computing will be transformed. It's not just that our problems are big,
they are big and obvious. It's not just that the solutions are simple,
they are simple and right under our noses. It's not just that hardware is
more advanced than software; the last big operating-systems breakthrough
was the Macintosh, sixteen years ago, and today's hottest item is Linux,
which is a version of Unix, which was new in 1976. Users react to the hard
truth that commercial software applications tend to be badly-designed,
badly-made, incomprehensible and obsolete by blaming themselves
('Computers for Morons,' 'Operating Systems for Livestock'), and
meanwhile, money surges through our communal imagination like beer from
burst barrels. Billions. Naturally the atmosphere is a little strange;
change is coming, soon."

From "The Second Coming - A Manifesto," by Yale computer visionary David
Gelernter. Originally published in Frankfurter Allgemeine Zeitung, June
2000. Read the full English text at
http://www.edge.org/documents/archive/edge70.html
Gelernter's new company, Scopeware, has launched a commercial version of
his revolutionary Lifestreams software. Details at www.scopeware.com.
~~~~~~~~~~~~~~~~
THIS JUST IN/Gilder.com Poll Results,4-10 May 2001

Question: Should the Feds break up Microsoft?

5% Yes! Microsoft is an imperial predator.
95% No! Microsoft is no longer the dominant player.

Up next: Will Lucent survive as an independent company? Yes/no? Weigh in
at www.gilder.com.

=-=-=-=-=-==-=-=-=-=advertisement =-=-=-=-=-=-=-=-=
Special Online Offer - a FREE Trial Issue of Forbes Magazine! Click on the
URL below to order today.

https://commerce.cdsfulfillment.com/FRB/subscriptions.cgi?IN_Code=IK03FTA
=-=-=-=-=-=-=-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
READINGS

IBM reports breakthrough in computer display manufacturing
http://www.ibm.com/news/2001/05/03.phtml

Wireless Phones Spark Gallium Feeding Frenzy
http://markets.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3EQ16KJMC&live=true&tagid=IXL1WGBYICC&subheading=commodities

Court Rules Against Rambus
http://news.cnet.com/news/0-1003-200-5878071.html

BlueTooth Goes to the Dentist
http://www.internetworld.com/news/archive/05082001c.jsp

IBM pushes to 2GHz with PowerPC chips
http://news.cnet.com/news/0-1003-200-5890974.html?tag=lh

Music Trading: Back to the Underground
http://news.cnet.com/news/0-1005-200-5862906.html

E Pluribus Internet
http://www.forbes.com/forbes/2001/0402/036.html
(registration required)

No Escape: Boeing to Wire Skies
http://www.thestandard.com/article/0,1902,24285,00.html?nl=mg

Microsoft Attacks Open Source: Linus Torvalds Replies
http://web.siliconvalley.com/content/sv/2001/05/03/opinion/dgillmor/weblog/torvalds.htm

The High Price of Privacy
http://www.wired.com/news/privacy/0,1848,43654,00.html

Touch Me, Feel Me
http://www.informationweek.com/835/payments.htm

'Visibility': Where's The Beef?
http://www.businessweek.com/bwdaily/dnflash/may2001/nf2001059_220.htm

Mutual Funds Get Venturous
http://globalarchive.ft.com/globalarchive/articles.html?id=010508001433&query=robert+clow

Three Cheers for Slavery!
http://www.nytimes.com/2001/05/07/opinion/07SAFI.html
(registration required)

Foreign Affairs: Green With Envy
http://interactive.wsj.com/articles/SB989448196102773055.htm
(subscription required)

Globocops in Cyberspace
http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3MPAYCJMC&live=true

Repo Man in The Valley
http://www.msnbc.com/news/568651.asp?0nm=C17O

=-=-=-=-=-=-=-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
GET THE GILDER TECHNOLOGY REPORT
Monthly, From the Heart of the Telecosm
http://www.gildertech.com
~~~~~~~~~~~~~~~~
GET NEW ECONOMY WATCH
Reshaping the Competitive Landscape
http://www.neweconomywatch.com
~~~~~~~~~~~~~~~~
GET THE DIGITAL POWER REPORT
Electrons Matter
http://www.digitalpowerreport.com
~~~~~~~~~~~~~~~~
GET DYNAMIC SILICON
Linking the Microcosm and the Telecosm
http://www.dynamicsilicon.com
~~~~~~~~~~~~~~~~
GET THE AMERICAN SPECTATOR
Online special--50% off cover price!
http://www.gilder.com/AmSpecSub.asp
=-=-=-=-=-=-=-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
GILDER CONFERENCE CALENDAR

September 12-14, Telecosm V, Squaw Creek Resort, Lake Tahoe CA. The one
and only. Produced by Forbes Inc and Gilder Publishing. Details and
registration at http://www.forbes.com/conf/telecosm/agenda1.shtml

October 22-24, Powercosm 2001, Featuring Peter Huber and Mark Mills, The
Fairmont Hotel, San Francisco, CA Digital Power in the Silicon Age.
Register now at http://www.gilder.com/powercosm_forms/Conference.asp

-=-=-=-=-=-=-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
The Friday Letter is published weekly for subscribers and friends of
Gilder Publishing. If someone you know would enjoy it, please feel free to
forward a copy.

SUBSCRIBE and UNSUBSCRIBE information can be found at the bottom of this
email

FRIDAY LETTER STAFF
~~~~~~~~~~~~~~~~~~~~~~~
John Hammill (jhammill@gildertech.com)
Jorin Hawley (jhawley@gildertech.com)

E-Mail Wizard  Dave Dortman

CONTRIBUTORS THIS WEEK: Charlie Burger, Aaron Charlwood, Mary Collins,
Dave Dortman, Spencer Reiss, Jeff Stambovsky, Brett Swanson, John Hammill

ADVERTISING INFORMATION
~~~~~~~~~~~~~~~~~~~~~~~
The Friday Letter is mailed each week to more than 60,000 subscribers and
friends of Gilder Publishing. For information about advertising, contact
Brian Cole, VP Business Development at bcole@gildertech.com, tel
860-434-0614.

FEEDBACK AND PROBLEMS
~~~~~~~~~~~~~~~~~~~~~
Send letters to the editor to Fridayletter@gildertech.com

For technical problems, please e-mail Fridayhelp@gildertech.com

You can also contact us via:
    Gilder Publishing, Customer Service
    888-484-2727; outside the U.S.1-413-274-3000
    1-413-274-3030 (fax)

Copyright 2001 Gilder Publishing LLC

---
You are currently subscribed to gilder-technology-report as: alewis@ect.enron.com
To unsubscribe send a blank email to leave-gilder-technology-report-661837S@earth.lyris.net


I have a mediation that day. Let me know when you will be in town again.

	jscott@susmangodfrey.com
	05/25/2000 03:19 PM

		 To: Richard.B.Sanders@enron.com
		 cc:
		 Subject: Re: Lunch friday -Reply

ok Mr. Big. Sounds like Jimmy Nelson in college complex has hit you late
in life.

I'm back in Houstonon June 7, 2000. Let me know.


FYI.
---------------------- Forwarded by Lauri A Allen/HOU/ECT on 04/20/2000 08:28
AM ---------------------------

	Enron North America Corp.

	From:  William C Falbaum                           04/19/2000 04:09 PM

To: Lauri A Allen/HOU/ECT@ECT
cc:
Subject: Re: HPL Delivery Meter 1520

You Bastards!  You're taking 60% of my profit?  This deal should be flowing
and I recently did a deal ticket for May 00 going forward.  I thought it was
on evergreen.

Please advise.

Craig

Lauri A Allen
04/19/2000 02:40 PM
To: Heidi Withers/HOU/ECT@ECT
cc: william.c.falbaum@enron.com, George Weissman/HOU/ECT@ECT,
dfarmer@enron.com
Subject: Re: HPL Delivery Meter 1520

Heidi-  There should be a deal ticket in Sitara for this sale to Engage, but
it looks as though 12/99 was the last month a deal was entered
(IF/HSC+1.00).  George/Craig- could you guys coordinate who should be rolling
this deal or let us know if this gas should not be flowing?  Heidi-
historically we've been charging $.60/mm for this transport.

	Enron North America Corp.

	From:  Heidi Withers                           04/19/2000 10:27 AM

To: Lauri A Allen/HOU/ECT@ECT
cc:
Subject: HPL Delivery Meter 1520

I am finding flow out there on HPL 215 for meter 1520 (Tx City Coastal
States) starting 4/1/00 (actually, no volume was scheduled but looks like it
has been allocated since March 1).  Did you want a premium rate for this?


Gary,
I turned 40 in March.
Thanks,
MIke

"Gary Anthes" <Gary_Anthes@computerworld.com> on 10/19/2000 09:55:14 AM
To: Mike.McConnell@enron.com
cc:
Subject: One more

Sorry to bother you again. What is your age?
Regards,
Gary Anthes

Gary H. Anthes, Editor at Large
Computerworld  (www.computerworld.com)
1331 Pensylvania Ave. NW;  Suite 505
Washington, D.C. 20004
gary_anthes@computerworld.com    ganthes@mba1974hbs.edu
202-347-0134 (voice)   202-347-2365 (fax)


Connie,

I believe I misinterpreted your request.  I have updated the list to include
every book we officialize each night.

DG    3-9573

---------------------- Forwarded by Darron C Giron/HOU/ECT on 11/13/2000
03:17 PM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           11/13/2000 01:46 PM

To: Connie Sutton/HOU/ECT@ECT
cc:
Subject: Book Admin - West Desk

Connie,

I appologize for the tardiness of this list.  I was out of the office last
Thursday and Friday.  Please call if you have any questions.

DG    3-9573


----- Forwarded by Jeff Dasovich/NA/Enron on 12/12/2000 01:02 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	12/12/2000 11:47 AM

		 To: Jennifer Rudolph/HOU/EES@EES
		 cc: Mona L Petrochko/NA/Enron@Enron
		 Subject: California Deregulation Summary

Jennifer:  I got a call from Chris Bailey (sp?) needing a summary of
California dereg for a presentation(s) that Harold's assembling.  Attached is
summary that Mona pulled together for Harold a couple of months ago.  I don't
have Chris' email address (I've left him a message).  Could you forward this
along to him?  Thanks a bunch.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 12/12/2000 11:44 AM -----

	Mona L Petrochko
	12/12/2000 11:38 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: California Deregulation Summary

FYI.
---------------------- Forwarded by Mona L Petrochko/NA/Enron on 12/12/2000
11:37 AM ---------------------------

	Enron Energy Services

	From:  Jennifer Rudolph                           10/05/2000 03:40 PM

To: Harold G Buchanan/HOU/EES@EES
cc: Beverly Aden/HOU/EES@EES, Edward Hamb/HOU/EES@EES, Mona L
Petrochko/SFO/EES@EES

Subject: California Deregulation Summary

Per Ed's request, here is a summary of California's deregulation history:

If you have any questions, please page me!
---Jennifer
wk 713-345-8206
pgr 877-681-5956


Resending - please disregard earlier MLP report

Attached are the Friday peer group reports.
DO NOT UPDATE LINKS WHEN THE FILE IS OPENED!
Please call if you have any questions.

Investor Relations


I'll call the gal tomorrow and hopefully she will come back with some
installation times.

Cheers, Greg.
----- Original Message -----
From: <Cooper.Richey@enron.com>
To: <gberry@solutionsco.com>
Sent: Wednesday, January 30, 2002 3:43 PM
Subject: RE: Your new address

> Hey Greg,
>
> just wanted to verify that the address i gave you before was correct.  thx
> for the hookup!  - c -
>
>
>     -----Original Message-----
>    From:   "Greg Berry" <gberry@solutionsco.com>@ENRON
>    Sent:   Tuesday, January 29, 2002 8:08 AM
>    To:     Richey, Cooper
>    Subject:  Your new address
>
>
>    Just a reminder to send me your address first  chance you get. If they
>    ask when they can install the cable modem what date /  times work for
>    you.
>
>    Cheers,
>
>    GB
>
>
>
> **********************************************************************
> 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.
> **********************************************************************
>
>


sold city of tall 2000 for 5/15 at egan.
	reliant is going to serve at egan.  the gas didn't flow for today's gas day.

	spoke with mike @ white pine.  he indicated that the plant is burning 44 to 45 MM/d and would
	throughout the summer.  we are going to sell 10MM/d until he tells us otherwise.

	sold the gas to lyn at txu.. the price for 5/14 is $3.26.  the price for 5/15 is waha gas daily minus $0.05.
	she said they are swimming in gas and the only way she could buy it for tomorrow is at waha minus $0.05.


isn't that where the vatos live


The Enron Corp. Treasury Department has moved from the 27th floor

   to the 20th floor of the Enron Building effective October 9, 2000.


Jim:
Pat Cathers was going to call you to have you send me e-mail or fax the spare
parts list if you haven't done so all ready.  Thanks
Ben
713-853-7998


The picture must be a fake then.


If there any drafts available before 3:00pm I would very much
approciate it if you could e-mail them to me so I can read them on the
flight. (Blacklines would be GREAT!). Otherswise if you could please
send the drafts to the St Regis.

Best regards,

Bryan

-----Original Message-----
From: Mark.Haedicke
Sent: Tuesday, January 29, 2002 7:20 PM
To: Mark.Taylor; Elizabeth.Sager; Jeffrey.T.Hodge; Carol.St.Clair;
Mary.Cook; William.S.Bradford; Peter.Keohane; James.D.Steffes;
David.Forster; Christopher.F.Calger; Rob.Milnthorp; Louise.Kitchen;
Steve.C.Hall; Christian.Yoder
Cc: Mark.Haedicke; Murtagh, Bryan
Subject: GTCs, Forms and Agreements

The goal is to finalize the GTCs and all significant trading forms and
receive UBS Warburg comments and sign-off by both legal and credit by
the end of business on Friday.  To that end, Bryan Murtagh and Sanjev
[Credit] are coming down to Houston tomorrow evening for meetings in EB
38C2 starting at 9:00 am on Thursday and 1:00 pm on Friday.  This
timing is important in the overall rollout plan.  Peter Keohane is also
coming to Houston for the meetings to make parallel changes to the
Canadian forms.

Generally, the plan is to finish the Financial GTCs, the ISDA Schedule
and Collateral Support Agreement Paragraph 13 first on Thursday.  Next,
we should go to the Physical Gas GTCs, the Enfolio Master and the
Adoption Agreement.  Finally, we should proceed to the EEI Master and
Collateral Annex.  Also, there should be a discussion of the WSPP and
any other Western related issues.

On a separate track, all gas transportation and related gas agreements
(most of which are non-negotiable) are being prepared by Suzanne
Calcagno, Jeff Hodge, Gerald Nemec and Angela Davis.  These agreements
will also require sign-off by legal and credit.  A discussion should be
scheduled on Thursday or Friday.  On the power side, ERCOT issues
should be discussed, but otherwise the discussion of transmission
agreements etc. can wait until next week.

Please identify all critical path issues to achieve the above-stated
goal.  Thanks in advance for all the hard work!

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

Visit our website at http://www.ubswarburg.com

This message contains confidential information and is intended only
for the individual named.  If you are not the named addressee you
should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
arrive late or incomplete, or contain viruses.  The sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e-mail transmission.  If
verification is required please request a hard-copy version.  This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.


We are going around and around with Sitler's attorney about the appointment
of arbitrators. The "contract", and I use that term loosely, between Sitler
and Cgas calls for the appointment of 3 disinterested arbitrators. Sitler has
appointed a friend of his who we do not believe qualifies as disinterested.
The only claim Sitler should have is a request that the district court settle
the dispute and order Cgas to appoint an arbitrator.
I have asked Bruce Oakley at Bracewell to call Sitler's atty and fish for
information. I'll let you know what Bruce finds out


Kathy,

I will be on vacation Friday October 12, 2001.  Please inform any and/or all group members that need to know.

Thanks,

Richard


Daren,
The new track id for that sale to Equistar deal 240061 is 528403 on ENA contract 012-27049-02-001 for the whole month of April, 2001.

Sherlyn Schumack
Sr. Specialist
Volume Management
Phone 713 853-7461
Fax 713 345-7701


Kim,

Sally says that Wes Colwell will be assigning ENA representative.

Patti
x39106


Thanks again for the golf on Wednesday.  It was a lot of fun.

Dave


Helen-

Kali will be there at 2 pm Sunday the 14th for a private lesson.

Thanks,

Susan Pereira


Here are the approvals for 11/01/00

Regards,
bd


Hi Ken,

Many of my team appreciated your voice mail today.  I think they appreciated your candor about Andy, and more importantly, they appreciated your tone.  I think it would be helpful if you left frequent (weekly, or so) general updates to the degree you can.

Mike and I had a very successful floor meeting today, and so many of our employees came up to us after to mention their appreciation of our having such a meeting.

Your voice mails are great, and we need to use you more often.  I'd love (and I'm sure I speak for Mike on this) for you to attend one of our weekly staff meetings in the near future.

Of course, if there is anything I can do to help, please let me know.

Regards,

Jeff


Shelley, here is a PAA I referenced that Donna and I  are recommending for Amy.

	Please let me know if you have any questions.  Thanks. Lynn


Please add if you don't already have her...
----- Forwarded by Tana Jones/HOU/ECT on 01/04/2001 02:52 PM -----

	Bernice Rodriguez
	01/04/2001 02:44 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Cheryl Johnson/Corp/Enron@Enron
		 Subject: Re: Merger - El Paso Merchant Energy, L.P.

Tana,,

Please add Cheryl Johnson, Global SAP, to your distribution.

Thanks
Bernice

From: Tana Jones on 01/04/2001 02:28 PM
To: Bob Bowen/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Andrea R
Guillen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Gordon
Heaney/Corp/Enron@ENRON, Janie Aguayo/HOU/ECT@ECT, Derek
Bailey/Corp/Enron@ENRON, Diane Anderson/NA/Enron@Enron, Kevin
Meredith/Corp/Enron@ENRON, Scott Tackett/Corp/Enron@Enron, Celeste
Cisneros/NA/Enron@Enron, Tiffany Williams/NA/Enron@Enron, Kim S
Theriot/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tanya
Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Veronica Espinoza/Corp/Enron@ENRON, Paul
Radous/Corp/Enron@ENRON, Wendi LeBrocq/Corp/Enron@Enron, Russell
Diamond/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron,
Nidia Mendoza/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Wendy
Conwell/NA/Enron@ENRON, Brent Hendry/NA/Enron@Enron, Sara
Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Susan Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron, Robert Bruce/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Marilyn Colbert/HOU/ECT@ECT, Diane
Ellstrom/HOU/ECT@ECT, Lynn E Shivers/LON/ECT@ECT, Bill D Hare/HOU/ECT@ect,
Leslie Reeves/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Samuel Schott/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT,
Karen Lambert/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Carrie
Southard/LON/ECT@ECT, Amber Ebow/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Melissa Ann Murphy/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Georgi Landau/NA/Enron@ENRON
cc: Jeffrey T Hodge/HOU/ECT@ECT, Jennifer Bagwell/NA/Enron@ENRON, Taffy
Milligan/HOU/ECT@ECT
Subject: Merger - El Paso Merchant Energy, L.P.

We have received copies of a Certificate of Merger filed with the Delaware
Secretary of State on 12/22/00, effective 12/31/00, wherein El Paso Merchant
Energy-Gas, L.P. (Global Counterparty #72297), a Delaware limited
partnership, merged with and into El Paso Merchant Energy, L.P. (Global
Counterparty #53350), a Delaware limited partnership, with El Paso Merchant
Energy, L.P. (Global Counterparty #53350) as the surviving corporation.

By virtue of this merger, the ISDA Master Agreement dated 12/01/99 should now
reflect El Paso Merchant Energy, L.P. as the Counterparty.  In connection
with this merger, Credit will be getting a new parent guaranty from the
Counterparty.  Upon its receipt, copies will be distributed.

Copies of the Certificate of Merger will be distributed.


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 01/21/2000
07:02 AM ---------------------------
From: Diane E Niestrath on 01/20/2000 06:18 PM
To: Scotty Gilbert/HOU/ECT@ECT, Gary L Payne/HOU/ECT@ECT, Mandy
MacKinnon/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Carlos J
Rodriguez/HOU/ECT@ECT
cc: Dave Nommensen/HOU/ECT@ECT
Subject: HPL Noms Files - Did Not Upload

So sorry....

I do not know who exactly to send this email to....

I do not know whose HPL nom files these are.  Whoever was trying to send noms
to HPL between 4:16pm and 5pm on Thursday 1/20/2000, your noms did not get
uploaded into POPS.  Please re-send if you have not already.

The production unix machine we process the edi noms on ran out of space.
When the machine runs out of space, it pages me, but unfortunately no data
can be saved in the edi files.

I was trying to free up space and after I was done (like 1 hour later, ie.
6pm), did I notice that these nom files had zero data in them.  Because they
have zero data in them, I do not know what gas dates or contracts were
suppose to be in the file which is why I do not know if these are ECT, HPLR,
HPLC.

We are suppose to get a bigger unix box installed the weekend of 2/5/2000.
This running our of space has only happened twice in the past year that I
remember and that it affected the edi processes in some way on those
occasions.

Call me if you think these files are yours and you need some help in knowing
how to re-send.

-rw-r--r--   1 unifyedi aws            0 Jan 20 17:00
enom.HPL.20000120161901866
-rw-r--r--   1 unifyedi aws            0 Jan 20 16:59
enom.HPL.20000120161758770

Thanks, Diane
x3-9931


HERE are the good parts:

CMUA asks FERC to order quick release of bid and other inf to the market
participants; cites Australian rules, England & Wales, and Alberta --
Miracles do happen!

Opposes 5% deviation band for underschedu;ing -- recommends a fixed band with
a minimum of 2 MW for "smaller" SCs
As an alternative -- asks for an 8% band. Does not address the pplication to
generation.

The bad parts:

Thinks the Governor should appoint three of the Board members and the other
three should be appointed by the WSCC Board of Trustees. (the ISO CEO makes
the 7th) Wants the Board to report back after 2 years to see how RTOS might
fit in in CA.

Still wants to return to cost-of-service rates.

Opposes opportunity costs as factor in evaluating bids above $250

Wants costs allocated properly -- in other words re-allocated away from the
munis.


Good morning Ms. Milligan,

Please review and submit approval to Enron Messaging Administration.  The
note will be sent this evening to the NYMEX Hedge Exemption List (this list
includes: All Enron Houston, Everyone_in_ECT Calgary,
Everyone_in_ECT_Portland, Everyone_in_ECT New York and
Everyone_in_ECT_Denver).

We are trying to get approval to send the message out ASAP as requested;
until approval is received, the message is scheduled to be distributed this
evening.

Have a nice day,
Gary Sta. Maria
Enron Messaging Administration

To:        Department:   ENA Legal

From:  Mark Taylor     Date: May 11, 2001
  Vice President and General Counsel

Subject: Enron North America Corp. NYMEX Hedge Exemption Applications

We are in the process of preparing applications for position limit exemptions
for ENA,s NYMEX energy commodities futures trading.  These applications
require that ENA represent whether its officers, employees, owners, or agents
have a power of attorney, control or have a financial interest in any related
commodity future(s) account either individually or acting with another person
pursuant to express or implied agreement.

Please direct any responses to my paralegal, Tana Jones, via intercompany
email or call her at (713) 853-3399 by the end of business on June 15, 2001
if you have any power of attorney, control or have a financial interest in
any commodity futures account (other than an ENA or other trading affiliate
account).

IF YOU DO NOT HAVE A COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO RESPOND TO
THIS REQUEST.


Uncle Clark,

How are things?  I hope this note finds you well.  I wanted to see if you
were going to be in town for the weekend of November 11th.  I plan on
bringing the whole group up for the KU-UT game that weekend.  I can't believe
it has almost been 4 years since we last visited up there.  We are doing well
here in Houston.  Everyone is getting ready for the school year.  In fact,
Kristi has already started back.  The kids begin on the 9th.  Enron still
seems to monopolize my time.  But it's a great place to work.  Let me know
about that weekend.  I hope you will be in town as  I am looking forward to
seeing you all.

DG


As detailed in the attached FERC notice, the Office of Management and Budget (OMB) has approved FERC's Information Collection Request for "Reporting of Natural Gas Sales to the California Market" through the six-month emergency period that will expire on 1/31/02.  (Emergency reporting requirements are automatically approved for six months under the OMB regulations.)  However, it gave FERC several conditions that would have to be met before the reporting requirements could be extended.

OMB has advised FERC that, if it decides to request renewal of the Information Collection Request after that date, it must address certain issues as part of its supporting statement (more specifically, "include an explicit discussion").  As you may remember, in addition to requesting rehearing of the FERC order, ENA and EES submitted comments to OMB regarding our problems with FERC's estimate of the burden on affected companies of the proposed collection of information.  We pointed out that we do not manage our business in the manner contemplated by the reporting requirements, much less keep our records in that manner.  We manage our business on an aggregated basis, and complying with the requirements will require us to implement significant manual review and analysis to arbitrarily define the components of a sale.  We stated that we might even have to hire full-time staff to dedicate to the task.

The issues that we raised in our comments are the same ones that OMB requires FERC to address if they submit a request for approval to extend the reporting requirements past 1/31/02.  (FERC indicated in its July order that it intended to extend the reporting requirement through 9/30/02 to coincide with the end date of its mitigation plan.)  OMB questioned the practical utility of requiring disaggregated data when "commenters" reported that they did not maintain the data in a way that allowed them to report it that way.  OMB expressed concern that the data collection would require significant data manipulation in order to respond, and the resulting disaggregation would likely be artificial.  OMB also required FERC to evaluate its burden estimates after "consulting with respondents", and it must provide a list of the names, affiliates, and phone numbers of the respondents it contacted.

FERC has not yet issued an order on our rehearing request.  While we would not expect them to withdraw the reporting requirements entirely, it may be that the OMB action will affect their final decision.  At the least, it sends a signal!


John,

For confirmation, I have this meeting scheduled at 4:30 on June 2, 2000.
Please let me know if you have something different.

Thanks

Kim Hillis
x30681

John Peyton@ECT
05/30/2000 06:13 PM
To: Scott Neal/HOU/ECT@ECT
cc: Kimberly Brown/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, Julie A Gomez/HOU/ECT@ECT, Keith
MacIvor/Corp/Enron@ENRON

Subject: Friday Meeting on Dayrates

Just as a reminder to everyone, there is a meeting in John Lavorato's office
this Friday June 2nd regarding Dayrates

John

Enclosed is the presentation that Keith MacIvor and I gave to Noble
Drilling's CEO, Jim Day and Pride International's CEO, Paul Bragg, their CFO,
Earl McNiel, and their COO, James Allen this morning 5/30.  Both sets of
leaders were extremely interested in pursuing dayrate transactions with us.
Both sets said that they believed this product would have a very positive
impact of the drilling business.

Jim Day assigned us to his leading financial innovators, Mark May and Steve
Manz.  Paul Bragg and Earl McNiel are wanting to sign an ISDA asap and begin
discussions asap.

 I will be giving the same presentation to the CEO of Diamond Offshore, Jim
Tisch this Thursday (in New York) and a "deal specific" presentation to the
CFO of Chiles Offshore the same day.


This looks good to me.  If you don't have any issues with this we will proceed.  Comments?

 -----Original Message-----
From: 	Ingalls, Todd
Sent:	Saturday, March 16, 2002 2:39 PM
To:	Whippo, Jeff
Cc:	Hendricks, Jonny; Hill, Scott; Lawrence, Ed
Subject:	RE: Set points

Yes, I forgot to get back with you on this.  Jon Hendricks, Scott Hill and myself got together last week and thought this might be a good approach.

The control system does pretty good with control of the units until they get down to minimum speed and that is where we get into problems.  If we get over 1010 psi on the mainline or 2psi over maop on any system we will look at the governor speed and if it is not at minimum we will speed up the process trying to get back to maop.

If we are over 2psi (.2%) and at minimum speed for 2 minutes we will take one unit off line and wait for 5 minutes to see if we need to repeat this and take off another unit.  At anytime if we hit 1015 or 7psi (.7%)over maop we will keep the station shutdown and all units will go down.
1015 is where we will have the pressure switches will be set.  I feel that we should be comfortable with these numbers as we will not ever get over 1% of maop unless we have a failure of the system and at this point the relief valves will protect us.  We will have to have several failures for this to occur.

If you feel that this is a good plan please let me know and we will come up with the programming to make it happen.
We can start implementing this right away and should be able to get it done by the end of the year.  We would  be quicker but we seem to have a lot going on right now.

Thanks
Todd

 -----Original Message-----
From: 	Whippo, Jeff
Sent:	Friday, March 15, 2002 5:51 PM
To:	Hendricks, Jonny; Ingalls, Todd
Subject:	Set points

I got busy and I know you probably did too.  Are we making any headway on a strategy?

Thanks,
Jeff


Big 12 Ticket Holders,

Thank you for ordering Dr Pepper Big 12 Football Championship tickets.  We
have received your application and are in the process of assigning your
seats.  Your tickets and parking will be mailed by the end of October.  If
you would like to know your seat assignment please send an email
(ticket@cottonbowl.com <mailto:big12@cottonbowl.com> ) requesting your
location and we will respond as soon as your seat has been assigned....or
contact the ticket office (214.634.7525) after Wednesday, October 10.
Thank you for supporting the Big 12 Conference.

Thank you.


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/07/2000
10:46 AM ---------------------------

Daniel Reck
10/31/2000 04:31 PM
To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, George
McClellan/HOU/ECT@ECT
cc:
Subject: The Way Forward

Now I know why God made lawyers!  Below is Kevin Liss' latest analysis.  His
main thesis is that there is a huge return available to the company that will
take the tax risk.  We just have to find that company.

--Dan

---------------------- Forwarded by Daniel Reck/HOU/ECT on 10/31/2000 04:07
PM ---------------------------

Kevin Liss@ENRON
10/31/2000 02:24 PM
To: Daniel Reck/HOU/ECT@ECT, Tim Proffitt/HOU/ECT@ECT
cc: Stephen H Douglas/HOU/ECT@ECT
Subject: The Way Forward

Dan, in response to your question yesterday, it should still be possible to
get a structural ruling from the IRS along the lines that Deutschebank (DB)
had contemplated.  In that respect, last week's IRS announcement leaves
things unchanged.

That's the good news.  However, in light of last week's IRS announcement, DB
is unlikely to be able to get the new ruling that they desired confirming
Pacificorp's existing letter rulings, which they have told us was critical to
them.  It would appear then that the Pacificorp deal is a non-starter from
their perspective, at least based upon the present plan of operations.  Tim,
is it at all possible that DB would be willing to drop their demand about
going back for a confirming letter ruling as long as the Pacificorp
facilities are processing at least some percentage of coal fines with their
run-of-mine coal, consistently with their existing rulings?  I doubt it, but
if not, we need to know so that we can move on and think about other ways to
do a coal deal with Pacificorp.  I believe that Pacificorp still needs to
unload their facilities, and they may still be able to leverage off of their
existing rulings, which are still valid and have not been revoked by the IRS.

Without a deal with DB, what are our options now?

First, it is important to recognize that we still have options.  The IRS has
not killed synfuel.  There has not been any change in the substantive law.
Last week's announcement was just that -- an announcement of the IRS's point
of view.  The news is that the IRS is getting out of the business of issuing
private letter rulings to private taxpayers in the synfuel business, which
has been an important source of comfort to many investors, but not
necessarily vital.  Deals get done all the time without the benefit of having
a private letter ruling from the IRS (generally in reliance on an opinion of
outside counsel).  We just need to think in terms of what the landscape looks
like in the absence of getting a new ruling.

One approach would be to follow through with our plans for Pacificorp's
facilties, meaning we would relocate them, and continue running run-of-mine
coal, the IRS be damned, and just find an equity player with a greater risk
profile than Pacificorp.  In short, we would need companies who are willing
to rely on Pacificorp's existing rulings, period (along with an appropriate
indemnity).   It seems to me that if the price is right, someone ought to be
willing to step up.   While the risk is now greater, the potential returns
are potentially mind-blowing, and an equity player ought to be able to get an
opinion of outside counsel vouching for the viability of the credits,
notwithstanding the IRS' current view of the law.  It seems to me that this
is the only approach that makes sense.

Alternatively, Pacificorp's facilities could revert back to being a pure coal
fine processing facilities in an atttempt to conform with the IRS's recent
announcement.  The IRS announcement implicitly endorses facilities that
process "waste coal fines," so such facilities could still qualify for new
private letter rulings.  The IRS announcement defines the term "waste coal
fines" very vaguely, not specifying either the coal size, or what it is that
makes coal fines properly viewed as "waste" coal fines.  If you think in
lawyerly terms and try to deconstruct the literal language they use in their
announcement, I can envision that Enron could synthetically create "waste"
coal fines by rewriting some of our coal supply contracts with utility
customers to provide for the sale of only coal of 3/4 inches or greater,
resulting in a residual category of "unwanted" coal that we could separately
market to synfuel plants as "waste" coal fines.  In other words, they could
be fairly described as "waste" insofar as another coal customer specifically
excluded it from their contract.  In addition, the IRS announcement does not
require a waste coal fine processing facility to pelletize its output, as
some commontators had feared, which is a helpful development because the
pelletizing process would be a tremendous drag on capacity.

However, there are real difficulties with this approach.  First, the relevant
language in the IRS announcement defining "waste coal fines" is not real
statutory law.  It is basically just an IRS policy statement, meaning that we
cannot bind the IRS to it.  So the opportunity for gamesmanship over the
IRS's choice of language is much more limited than it would be if this were
statutory law.  Also, Price Manford has reported to me that what the IRS
really has in mind in terms of what is acceptable to them as bonafide waste
fines is fines from true waste ponds.  Even if the taxpayer can argue over
the meaning of the term "waste" fines, the IRS can stick to their
understanding of the term, at least for the sake of deciding whether to issue
a new ruling.  In short, the IRS may not be willing to give a new ruling
based on a coal fines facility that does not process the truly 3 or 4% waste
fines incidental to mining operations.  If you are not going to be able to
get a new ruling anyway, what's the point of going back to being a coal fine
processing facility?

But there is another more fundamental problem to the latter approach.
Pacificorp already has good private letter rulings that bless coal fines
generally (i.e., not merely "waste" coal fines) as well as run-of-mine coal.
Why would anyone want to go back to the IRS to get a new ruling that is more
restrictive than the ones that they already have?  That is truly putting
value at risk.

In my view, the best deal for Pacificorp would be to market their existing
rulings as essentially "above market" rulings, insofar as they go farther
than the IRS currently allows, giving them a competitive advantage over other
synfuel operators who never got a ruling.  It seems to me that if they can be
persuaded to lower their price expectations in light of the new landscape,
since a new equity player is going to have to bear real risk, then we may
still have an opportunity to do a synfuel deal.

Kevin Liss
x58601


Ian,

Please take note that I am in charge of regulatory affairs for the Asian
region.
Until local counsel will be hired, this will be coordinated out of London.
Thanks

Jan D. Haizmann
Director Regulatory Affairs
Enron Broadband Services
40 Grosvenor Place Enron House
London SW1X 7EN
Telephone: +44 (0) 207 783 4474
Fax: +44 (0) 207 783 1045
e-mail: Jan.Haizmann@enron.com
http://www.enron.net
About Enron:
Most Innovative Company, 5th Consecutive Year, Fortune Magazine, February 21,
2000
Quality of Management, Voted 1st in US , Fortune Magazine, February 21, 2000
100 Best Companies to Work for in America, Fortune Magazine, February 21, 2000

---------------------- Forwarded by Jan Haizmann/LON/ECT on 22/01/2001 16:29
---------------------------
From: Gerry Willis@ENRON COMMUNICATIONS on 19/01/2001 07:39 CST
To: Jan Haizmann/LON/ECT@ECT
cc:

Subject: Re: Broadband Online Products

Jan, a new name and player.  What is your/our role?

Regards,
----- Forwarded by Gerry Willis/Enron Communications on 01/19/01 07:47 AM
-----

	Jane McBride@ENRON
	01/18/01 07:34 PM

		 To: Ian Brungs/EU/Enron@Enron, Gerry Willis/Enron Communications@ENRON
COMMUNICATIONS
		 cc: Angeline Poon/SIN/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Justin Boyd/LON/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Matthias Lee/SIN/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT,
Alan Aronowitz/HOU/ECT@ECT
		 Subject: Re: Broadband Online Products

Dear Ian and Gerry,

Gerry is handling the legal aspects of EBS' operations from Houston at this
stage so he is probably the appropriate person to move forward on this with
outside counsel as appropriate.

Jane McBride
Senior Legal Counsel
Enron Japan Corp.

Otemachi 1st Square Bldg.
West 11th Floor
1-5-1 Otemachi, Chiyoda-ku
Tokyo 100-0004
Japan

URL:        www.enron.co.jp

Tel.:       81-3-5219-4500 (Main)
            81-3-5219-4553 (Direct)
Fax:        81-3-5219-4510

Assistant (Maggy Yamanishi)
Tel.:       81-3-5219-4554
Email:      Yo.Yamanishi@enron.com

	Ian Brungs
	2001/01/19 01:32

		 To: Mark Taylor/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Matthias Lee/SIN/ECT@ECT, Jane
McBride/AP/Enron@Enron, Angeline Poon/SIN/ECT@ECT
		 cc: Justin Boyd/LON/ECT@ECT
		 Subject: Broadband Online Products

Hello Mark, David, Matt, Jane and Angeline,

I have provided the additional questionnaire which we sent to our European
counsel with respect to trading in Bandwidth capacity. You may wish to
provide this to your counsel as a basis for the questionnaire regarding the
physical trading of Bandwidth capacity. Please note that one of the key
issues may be the location of the respective geographical points for each
Bandwidth transaction. We would anticipate that there would be fewer issues
or none at all where a particular counterparty wishes to trade in Bandwidth
capacity where the two respective geographical points are not located in
their jurisdiction. (ie. A German counterparty trading Bandwidth from
Brussels to Paris)

If you have any questions or concerns please do not hesitate to contact me at
0207 783 4084.

Kind Regards,

Ian Brungs


CAMPBELL, LARRY F,
?
You have been selected to participate in the Mid Year 2001 Performance
Management process.  Your feedback plays an important role in the process,
and your participation is critical to the success of Enron's Performance
Management goals.
?
To complete a request for feedback, access PEP at http://pep.enron.com and
select Complete Feedback from the Main Menu.  You may begin providing
feedback immediately and are requested to have all feedback forms completed
by Friday, May 25, 2001.
?
If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com
?
Thank you for your participation in this important process.
?
The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."  Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.  NOTE: YOU WILL
RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.
?
Employee Name:
MALTBY, KENNETH


I agree.  I suggest the following.  Joe, we need you to go give a pitch to
Massey's assistats about what is going on.  Next Jerry Halvorsen has
scheduled a lunch with Massey in two weeks.  He has invited me to attend.
What do you think?

Steven J Kean
04/26/2001 03:09 PM
To: Joe Hartsoe/Corp/Enron@ENRON, Shelley Corman/Enron@EnronXGate
cc: Stanley Horton/Corp/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Ray
Alvarez/NA/Enron@ENRON, Tom Briggs/NA/Enron@Enron

Subject: Some Background on California Gas Price Spikes--The Other Side of
the Story

We need to communicate with Massey before he gets completely carried away
blaming the interstate pipeline business for gas price spikes.  We need to
get him the information regarding Cal LDCs failure to fill storage and their
opposition to additional pipeline construction in the state.  Shelley --
could you forward copies of the LDC filings to the group.  Should Joe or I
(or both) try to see massey when I am in town next week?
---------------------- Forwarded by Steven J Kean/NA/Enron on 04/26/2001
02:07 PM ---------------------------
From: Jeff Dasovich on 04/24/2001 06:57 PM
Sent by: Jeff Dasovich
To: Richard Shapiro/NA/Enron@Enron, skean@enron.com, James D
Steffes/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Leslie
Lawner/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Rob
Bradley/Corp/Enron@ENRON, Janel Guerrero/Corp/Enron@Enron, Karen
Denne/Corp/Enron@ENRON, Alan Comnes/PDX/ECT@ECT, Sandra
McCubbin/NA/Enro@Enron, Susan J Mara/NA/Enron@ENRON
cc:

Subject: Some Background on California Gas Price Spikes--The Other Side of
the Story

Last week, I distributed a presentation that the Brattle Group gave before
the California Inquisition (i.e., legislative gas oversight committee looking
into the gas price spikes at the Cal border).

The Brattle Group is a consulting firm that Edison has long used to beat up
on SoCalGas (recall that Edison used to be a big gas customer when it owned
power plants).  Edison "arranged" for the Brattle Group to be the star
witness at the Cal Leg gas hearing.  Their job was to set up El Paso and
Dynegy for the hit at hearings that took place the following day.  Their
message was simple (and simplistic):

El Paso and Dynegy have market power.
They have used the market power to drive up basis and thus the price of gas
at the border (to "obscene" levels).
That, in turn, has driven up electricity prices.

Ken Lay is giving a gas talk tomorrow, and Rob Bradley asked that I provide
the alternative view to the Edison/Brattle rant, in the event that he gets
any questions on the topic.  It's attached.  Apologies, it's quick and dirty,
but it provides the basics.

Obviously no need for us to defend El Paso or Dynegy, but might be useful to
offer a more rationale explanation than the one that the California
Legislature is peddling.

Finally, we were also fingered somewhat as culprits at the hearing (the
California PUC FERC lawyer claimed that ENA and TW colluded to drive up basis
when ENA controlled a portion of  the capacity), but the overriding goal of
the hearing was to go after EP and Dynegy.

Best,
Jeff


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  , 2001 Carr Futures

The charts are now in the most recent version of Adobe Acrobat 4.0 and they
should print clearly from Adobe Acrobat Reader 3.0 or higher. Adobe Acrobat
Reader 4.0 may be downloaded for FREE from www.adobe.com.

(See attached file: opec.pdf)

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com
 - opec.pdf


Sorry ...  I can't help on this and that I didn't see you much in xTX.  Hope
all is  well with you and all.  Talk to you soon.


Kay -- That's fine -- it still should be clear that MDEA has "veto power" or
ultimate control over all marketing decisions.  -- David

 -----Original Message-----
From:  Mann, Kay
Sent: Monday, April 09, 2001 10:21 AM
To: Rorschach, Reagan; Fairley, David
Subject: Marketing committee

How do you feel about making Enron an advisory member of the Marketing
Committee?  I'm concerned that we will run afoul of Miss law regarding
control.  Would this create a problem for us?

Kay


Pls get me a printout of this Mon. AM.  I couldn't open it.  Thanks. DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 07/09/2000
07:23 PM ---------------------------

"Jeffrey C. Alexander" <Jalexander@Gibbs-Bruns.com> on 07/07/2000 05:35:00 PM
To: "'dfossum@enron.com'" <dfossum@enron.com>, "'bdavis@enron.com'"
<bdavis@enron.com>
cc:

Subject: Draft Motion for Summary Judgment on damages issues.

 Attached is a rough draft of the Motion for summary judgment on the damages
issues (Parker & Parsley/Rook/Post '94 claims).  I will be filling in the
remaining citations and gathering evidence this weekend.  Please call with
any comments you may have.

 1xdw01!
 <<1XDW01!.WPD>>

 - 1XDW01!.WPD


Orhan,

I'll be in Omaha this weekend.  I get there Thursday night and go back Monday afternoon.  I'll be spending alot of time with the folks but we should get together.
Later


(See attached file: HPLN0222.xls)

 - HPLN0222.xls


please see below re addition to master netting agreement.

Lisa J. Mellencamp
Enron North America Corp. - Legal
1400 Smith St.
Houston, TX  77002
Tel:  (713) 853-7986
Fax: (713) 646-3393
E-mail:  Lisa.Mellencamp@enron.com


Todd,
Let's work up a plan tomorrow for Jeff Gossett's managers before the
completion of your survey.   If your schedule does not allow it please
recommend someone in comp. who can help or please provide guidance for
alternatives.    Thanks for your help.
hgm
---------------------- Forwarded by Hector McLoughlin/Corp/Enron on
10/10/2000 06:02 PM ---------------------------

	From:  Sally Beck @ ECT                           10/10/2000 05:57 PM

To: Hector McLoughlin/Corp/Enron@Enron
cc:

Subject: Retention plan for four managers

Hector:  The key employees that Jeff has identified are senior specialists,
with the exception of Will Kelly.  If you remember, these are the risk
employees that I was concerned about when Steve Jackson tendered his letter
of resignation.  Steve will be taking a similar role with a competitor, and
it is not inconceivable that he might approach some Enron employees to join
him and help ensure his success with his new employer.  We don't want this to
happen.  Waiting until the end of November to implement an effective
retention plan does not make sense.  Please call me tomorrow and let's talk
about how we can jump start this.  Thanks.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 10/10/2000 05:39 PM
---------------------------

	Enron North America Corp.

	From:  Jeffrey C Gossett                           10/10/2000 05:38 PM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Retention plan for four managers

---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 10/10/2000
05:38 PM ---------------------------

	Enron North America Corp.

	From:  Hector McLoughlin @ ENRON                           10/09/2000 10:26 AM

To: Jeffrey C Gossett/HOU/ECT@ECT, Todd Burke/NA/Enron@ENRON
cc:
Subject: Retention plan for four managers

Jeff,
I spoke with Todd Burke regarding a retention strategy for the managers we
talked about.   He told me that he would make a recommendation after he
completes the pay practices survery by Mid-November in order to accurately
compensate them.   He is concerned that we may present an inaccurate plan for
retention without market data.
If this is a very urgent issue for you please let us know.   If you suspect
that the managers are being made offers then please let us know.
hgm


Return-Path: <bartmar@polbox.com>
Received: from  rly-zd03.mx.aol.com (rly-zd03.mail.aol.com [172.31.33.227])
by air-zd04.mail.aol.com (v74.10) with ESMTP; Thu, 01 Jun 2000 15:40:40 -0400
Received: from  smtp2.polbox.com (smtp2.polbox.com [195.116.6.12]) by
rly-zd03.mx.aol.com (v74.10) with ESMTP; Thu, 01 Jun 2000 15:40:24 -0400
Received: from m0c2f7 (pb49.lodz.ppp.tpnet.pl [212.160.29.49]) by
smtp2.polbox.com (8.9.2/8.9.2) with SMTP id UAA16445 for <VKaminski@aol.com>;
Thu, 1 Jun 2000 20:41:29 GMT
Message-ID: <000f01bfcc01$2c1e9aa0$311da0d4@m0c2f7>
From: "Marek Bartnicki" <bartmar@polbox.com>
To: <VKaminski@aol.com>
Subject: =?iso-8859-2?B?UGWzbm9tb2NuaWN0d28td3rzcg==?=
Date: Thu, 1 Jun 2000 21:39:25 +0200
MIME-Version: 1.0
Content-Type: multipart/alternative;
boundary="----=_NextPart_000_000A_01BFCC11.DB497D00"
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 5.00.2417.2000
X-MimeOLE: Produced By Microsoft MimeOLE V5.00.2314.1300

Wincenty Kamiski
?????  Adres
?
PEoNOMOCNICTWO
?
Ustanawiam Pana Jerzego  Kasperskiego zamieszka?ego w Pabianicach
ul. Wawszawska 56 legitymuj?cego  si Dowodem Osobistym Nr. FW 6673577?pe?nomocnikiem dla dorcze wezwa  s?dowych w sprawie o stwierdzenie praw
do spadku po mojej siostrze  El"biecie Malecie w S?dzie Rejonowym w
Pabianicach.
??????????????????????????????????  Podpis
?
P.S.? Musi by` potwierdzone  notarialnie lub przez Konsulat
???  ??? ??? ??? ???  ??? ??? ??? ???  ??? ??? ??? ???  ??? ??? ??? ???  ??? ?
?? Jadzia
?
Pozdrowiena przesy?a Marek  Bartnicki? e-mail: bartmar@polbox.com


Rod:
FYI. Let me know what you think.
Carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/01/2000 06:21 PM -----

	steven.kessler@db.com
	06/01/2000 06:03 PM

		 To: Carol.St.Clair@enron.com
		 cc:
		 Subject: Re: Credit Comments

Hi Carol:

Thanks for the comments.

1.  The materiality language in the cross-default is DB policy, which we
cannot change.

2.   For CEUM, I will need to get treasury and credit approval.

3.   We should be able to work something out for same product netting.

4.  Should be ok.

Regarding the guarantee, we need to discuss the demand section.  With
respect to the defences, let me propose a compromise--namely that the
Guarantor can raise whatever defences it could have raised had we dealt
directly with the Guarantor as Counterparty.  Anything more than that,
would be a subjecting DB to additional  risk.

Regards,

Steve

Original Message from Carol.St.Clair@enron.com @ HUB on 05/30:

Steven :
I have finally had a chance to go over the outstanding credit issues with
Rod
Nelson, our credit person, and here are his responses:

1.   We cannot agree to the additional language in the cross-default
provision.
We need a trigger that is not subject to interpretation and second-guessing
and
the language that you proposed does just that.

2.   On credit event upon merger, we would prefer to define the standard
for
"materially weaker" as below investment grade.  Is that a problem for you?

3.   With respect to payment netting, we would prefer that netting apply to
Transactions that are of the same product line (i.e. all commodity swaps).
Is
that a problem for you?  We thought that your operational issue had to do
more
with netting across product lines.

4.   In the Credit Support Annex, we would prefer that the number of days
to
resolve disputes over exposure and/or value be 2 business days instead of
1.

I am in the process of reviewing the new drafts of ISDA and CSA Schedules
and
will get back to you shortly on remaining comments.

Carol


Sharon:

Does ECC have any physical gas masters with J. Aron & Company?  If not, can you send me a sample gtc used?

Thanks!

Marie


Hi All,

We've been looking into determining why certain reports are taking longer to run than usual.

After examining the log, it seems that, either by fact or coincidence, the longer runtimes
began to occur after our migration to the new database server -- no code had been changed.

Although there are other possible causes to investigate, we can start by rebooting
our machines to ensure there aren't any issues caused by low memory on the machines
running reporting jobs as scheduled tasks.

We will continue to look into the possible cause of the bottle neck, and will seek to have it resolved
this week.  However in the meantime please reboot your machine if it is running scheduled
reporting jobs.

Thanks,
Kim


Here are my drafts of letters for ECT and Seagull regarding the transfer of
Seagull's positions at E.D.&F. Man.   Please let me know if you have any
questions.