Instinctively it seems that the agent for concept would be stronger.  I'll
check into it for the  longer term deal.  Obviously, it is a Mississippi law
issue, so I'll have to get an opinion.

Kay

From: Edward Sacks/ENRON@enronXgate on 04/29/2001 10:46 AM
To: Reagan Rorschach/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron,
kay.mann@worldnet.att.net@SMTP@enronXgate
cc:

Subject: RE: long form confirm/MDEA

The following are my comments:

  - I assume that Settlements is fine with invoicing no later than the 7 th
of each mth.
  - Section M:  Should we go this route (covenant of financial support) or
would we be accomplishing the same if we structure this as MDEA, agent for
..., similar to that in the Interconnection Agmt.  We should probably look
into it further for the longer term deal.  I don't know which has the
stronger fall back to the municipalities.

Ed Sacks

Have a good rest of the weekend.

 -----Original Message-----
From:  Rorschach, Reagan
Sent: Friday, April 27, 2001 4:40 PM
To: Marvin Carraway (E-mail); Marvin Carraway (E-mail 2); Robert Priest
(E-mail); David Fairley (E-mail); David Fairley (E-mail 2); David Fairley
(E-mail 3); Bentley, Corry; Comeaux, Keith; Coulter, Kayne; Cross, Edith;
Fairley, David; Herndon, Rogers; Homco, Jim; Kumar, Madhup; Mann, Kay; May,
Tom; Miller, Jeffrey; Morse, Brad; Nicolay, Christi; Pagan, Ozzie; Podurgiel,
Laura; Reeves, Leslie; Sacks, Edward; Serio, Erik; White, Stacey; Will, Lloyd
Subject: FW: long form confirm/MDEA

Please send comments to Kay this weekend at both address below.

kay.mann@enron.com, kay.mann@worldnet.att.net

Thanks,

Reagan

 -----Original Message-----
From:  Mann, Kay
Sent: Friday, April 27, 2001 4:33 PM
To: Rorschach, Reagan
Subject: RE: long form confirm/MDEA

Here's where I am on the ILA.  I think it should be distributed internally
and to the Cities ASAP,  with an explanation that we are still pondering it.

Kay

 << File: MDEA ILA (Mann 4-27 draft).doc >>

Kay


Playing Freecell Solitaire and talking to Rudy via IM

 -----Original Message-----
From: 	Mann, Kay
Sent:	Wednesday, December 12, 2001 1:16 PM
To:	Kroll, Heather
Subject:	RE: X-mas Party at Bagwell's

The Yahoo piece didn't say when.

I'm on the phone.  Whatcha doing?

Kay

 -----Original Message-----
From: 	Kroll, Heather
Sent:	Wednesday, December 12, 2001 1:15 PM
To:	Mann, Kay
Subject:	RE: X-mas Party at Bagwell's

when is the press conference?  What are you doing right now?

 -----Original Message-----
From: 	Mann, Kay
Sent:	Wednesday, December 12, 2001 1:15 PM
To:	Kroll, Heather
Subject:	RE: X-mas Party at Bagwell's

Fastow is having a press conference today to prove he is still alive.  I heard he was in Houston yesterday, so he must have made a special trip to New York to have the press conference.  The conference was announced by his Houston criminal attorneys.

ckm

 -----Original Message-----
From: 	Kroll, Heather
Sent:	Wednesday, December 12, 2001 1:13 PM
To:	Mann, Kay
Subject:	RE: X-mas Party at Bagwell's

He is with the "other crowd".  Doesn't mean he's not going crazy doing nothing.

 -----Original Message-----
From: 	Mann, Kay
Sent:	Wednesday, December 12, 2001 1:12 PM
To:	Kroll, Heather
Subject:	RE: X-mas Party at Bagwell's

Oh, I thought he was in the "other crowd", the one with the suits.

I need to get you guys copy of the contract, then we can puzzle through it.

Kay

 -----Original Message-----
From: 	Kroll, Heather
Sent:	Wednesday, December 12, 2001 1:11 PM
To:	Mann, Kay
Subject:	RE: X-mas Party at Bagwell's

Do we need to get Reagan involved?  He is dying for something to do.

 -----Original Message-----
From: 	Mann, Kay
Sent:	Wednesday, December 12, 2001 1:09 PM
To:	Kroll, Heather
Subject:	RE: X-mas Party at Bagwell's

They are talking termination, which may not be justified for the asset management deal. Don't know whether that would be a good thing or not.

 -----Original Message-----
From: 	Kroll, Heather
Sent:	Wednesday, December 12, 2001 1:06 PM
To:	Mann, Kay
Subject:	RE: X-mas Party at Bagwell's

really?  like what?

 -----Original Message-----
From: 	Mann, Kay
Sent:	Wednesday, December 12, 2001 1:05 PM
To:	Kroll, Heather
Subject:	RE: X-mas Party at Bagwell's

understood.

I think Kayne needs some help in working through MDEA.

Kay

 -----Original Message-----
From: 	Kroll, Heather
Sent:	Wednesday, December 12, 2001 1:05 PM
To:	Mann, Kay
Subject:	RE: X-mas Party at Bagwell's

no, not this week. too much bah humbug!

 -----Original Message-----
From: 	Mann, Kay
Sent:	Wednesday, December 12, 2001 1:04 PM
To:	Kroll, Heather
Subject:	RE: X-mas Party at Bagwell's

Are you still having yours?

 -----Original Message-----
From: 	Kroll, Heather
Sent:	Wednesday, December 12, 2001 1:03 PM
To:	Amanda Day (E-mail 2); Billy Braddock (E-mail 2); Vetters, Charles; Elizabeth Johnston (E-mail); Jennifer Stewart (E-mail); Meyn, Jim; Jim Meyn (E-mail 3); Stepenovitch, Joe; Kay Mann (E-mail 2); Mann, Kay; Kayne Coulter (E-mail); McCaleb Marshall (E-mail 2); Hiemstra, Nick; Palmer Letzerich (E-mail); Peter J. Heintzelman (E-mail); Jafry, Rahil; Rahil Jafry (E-mail 2); Rorschach, Reagan; Reagan Rorschach (E-mail 2); Rudy Acevedo (E-mail 2); Suzette Emmons (E-mail 2); Tara Piazze (E-mail 2); Tom May (E-mail); Pagan, Ozzie; Jenkins, Beth
Subject:	X-mas Party at Bagwell's

Jennifer asked that I pass the word along that she is having a Christmas party this Friday, December 14 to try to put some cheer into this holiday season.  Pass the invite around and see you around 7:00.

Directions:
Take 59 to Greenbriar/Shepherd exit
Exit Greenbriar towards Rice University
Continue straight on Greenbriar until Wordsworth
(if you arrive at Holcombe, you have gone too far)
Take a right on Wordsworth
2307 Wordsworth is the second house on the left (2-story white painted brick house)
Phone:  713-666-7287


Thanks so much for the info.  This is very useful.  I will try to make the
next meeting.  Hopefully the crisis out here will be over by then.  How would
you structure it differently next time?

Best,
Jeff

	Enron Energy Services

	From:  Stacey Bolton                           09/15/2000 03:38 PM
	Phone No: 713-853-9916

To: Jeff Dasovich/SFO/EES@EES
cc: Michael Terraso/OTS/Enron@ENRON, Jeffrey Keeler/Corp/Enron@ENRON, Mary
Schoen/NA/Enron@Enron
Subject: Re: Environmental Strategy Meeting

The meeting went well. There was a lot of discussion regarding the current
deals involving the env. market.  ENA global markets presented their strategy
on trading/marketing emissions as well as compliance outsourcing
(comprehensive services related to emissions reductions.); EES talked about
capturing bypassed emissions from current bundled deals as well as the
challenges of doing retail in states w/ varying mandates & reporting
requirements; EES (Bruce Stram) talked a bit about dg;  ENA origination
talked about a massive fuel cell project they are working on (they are
keeping it confidential currently); ENA West Structuring talked about
financial packages to offset intermittent risk assc. w/ wind; Michael Payne
EWC talked about wind development in the states and the associated
opportunities w/ renewable energy credits; New Power talked a bit about their
rollout in NJ, PA and upcoming CA.  New Power is at a point where they need
to get up on the curve w/ regard to renewable mandates and reporting
standards.

Everyone seemed to agree that it makes sense for environmental strategies to
act as the "link" between the groups w/ regard to env. market opportunities.
There are considerable synergies involved w/ ee, renewables, air emissions
and technology control, and as we interface across the commercial groups,
ensure that the left hand is talking to the right (i.e. the deals are
capturing the most value and groups are aware of what others are working
on.)  We are rolling out an intranet page where we intend to offer business
intelligence and env. regulation info.  In the near term, I'll be circulating
the presentations and the contact list.  There will be some sort of follow up
meeting that is structured completely differently than this one.

Hope this is helpful.  Have a good weekend.
Stacey

Jeff Dasovich
09/15/2000 11:35 AM
To: Stacey Bolton/HOU/EES@EES
cc:
Subject: Re: Environmental Strategy Meeting

My apologies, but as you can imagine, California's little crisis has me a bit
preoccupied.  Would love to know what comes out of the meeting, though.

Best,
Jeff


Ron -

If you have any conclusions on this, please get to Jeff Dasovich.  He is
calling Mike Peevey to try and get CDWR to take over the contracts fully
(including our LCs).

Jim

	"Ronald Carroll" <rcarroll@bracepatt.com>
	02/07/2001 03:54 PM

		 To: <andrea.settanni@enron.com>, <jsteffe@enron.com>, <Mary.Hain@enron.com>,
<smara@enron.com>, <steve.c.hall@enron.com>
		 cc:
		 Subject: Re: Challenge to exercise of Eminent Domain - Confidential Attorney
WorkProduct

Mary, I like your points about the state being without jurisdiction over the
BFM contracts (without commenting on whether such arguments would be better
made at FERC or Dist. Ct. or both venues).  We would need to research those
arguments to see if they hold up.   Ron

>>> <Mary.Hain@enron.com> 02/05/01 11:18AM >>>
Good point.
---------------------- Forwarded by Mary Hain/HOU/ECT on 02/05/2001 08:29
AM ---------------------------

Steve C Hall
02/05/2001 08:16 AM

To:   Mary Hain/HOU/ECT@ECT
cc:
Subject:  Re: Challenge to exercise of Eminent Domain - Confidential
      Attorney Work Product  (Document link: Mary Hain)

I think it may also be significant that the governor exercised his
authority over contracts, as opposed to real property.  Who ever heard of
the state "condemning a contract?"

 (Embedded
 image moved
 to file:      From:  Mary Hain
 pic15881.pcx) 02/03/2001 03:50 AM

To:   Phillip K Allen/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Tim
      Belden/HOU/ECT@ECT, Shelia Benke/Corp/Enron@Enron, Donald M- ECT
      Origination Black/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Rick
      Buy/HOU/ECT@ECT, Andre Cangucu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
      Alan Comnes/PDX/ECT@ECT, Wanda Curry/HOU/EES@EES, Jeff
      Dasovich/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON, Mike
      Grigsby/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Mary
      Hain/HOU/ECT@ECT, Steve C Hall/PDX/ECT@ECT, Joe
      Hartsoe/Corp/Enron@Enron, Keith Holst/HOU/ECT@ect, Robert
      Johnston/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Steven J
      Kean/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Susan J
      Mara/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Travis
      McCullough/HOU/ECT@ECT, Mark Metts/NA/Enron@Enron, Sarah
      Novosel/Corp/Enron@Enron, Mark Palmer/Corp/Enron@Enron, Linda
      Robertson/NA/Enron@ENRON, Richard B Sanders/HOU/ECT@ECT, Gordon
      Savage/HOU/EES@EES, Richard Shapiro/NA/Enron@Enron, Vicki
      Sharp/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Shari Stack/HOU/ECT@ECT,
      James D Steffes/NA/Enron@Enron, Marty Sunde/HOU/EES@EES, Stephen
      Swain/PDX/ECT@ECT, Mitchell Taylor/Corp/Enron@ENRON, Michael
      Tribolet/Corp/Enron@Enron, Robert Williams/ENRON@enronxgate, Greg
      Wolfe/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Christian
      Yoder/HOU/ECT@ECT, dwatkiss@bracepatt.com, carrrn@bracepatt.com,
      andrea settanni
cc:   Debra Davidson/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Mercy
      Gil/NA/Enron@Enron, Karen K Heathman/HOU/ECT@ECT, Lysa
      Akin/PDX/ECT@ECT, Leticia Botello/HOU/EES@EES, Joseph
      Alamo/NA/Enron@Enron, Janette Elbertson/HOU/ECT@ECT, Bernadette
      Hawkins/Corp/Enron@ENRON, Sharon Purswell/HOU/ECT@ECT, Maureen
      McVicker/NA/Enron@Enron, Rubena
      Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dolores
      Fisher/NA/Enron@Enron, Cindy Derecskey/Corp/Enron@Enron, Lora
      Sullivan/Corp/Enron@ENRON, Twanda Sweet/HOU/ECT@ECT, Ginger
      Dernehl/NA/Enron@Enron, Leasa Lopez/HOU/EES@EES, Iris
      Waser/HOU/EES@EES, Jan M King/HOU/ECT@ECT, Marcia A
      Linton/NA/Enron@Enron, Carol Moffett/HOU/EES@EES, Esmeralda
      Hinojosa/HOU/EES@EES, Kathryn Sheppard/PDX/ECT@ECT, Rosario
      Boling/Corp/Enron@ENRON, Emy Geraldo/NA/Enron@ENRON, Stephanie
      Truss/NA/Enron@ENRON, Anna Mehrer/PDX/ECT@ECT

Subject:  Challenge to exercise of Eminent Domain - Confidential Attorney
      Work Product

Although I don't yet have all the facts, Steve Hall said that late
yesterday (Friday) afternoon, the Governor exercised eminent domain over
the IOU forward contracts that the PX had been in the process of auctioning
to pay PX participants.  I would like Bracewell to research at least the
following two possible ways this action is unlawful.  First, this violates
the banking provisions of the PX tariff (Section 6).  These provisions
requires the PX to hold all PX accounts in trust for PX participants.
Second, these are wholesale contracts and the State only has the right to
exercise eminent domain concerning retail service.  I don't have any law to
support the second idea but think it should be researched nonetheless.


Remember, on the divisions, to make the incorporated entity name part of the
counterparty's name!


Let's be clear about all of the confusion which took place last week on how
to register,  this is what we are doing.  Any comments or problems please
reply.  I have tried to address everyone's points (see end of email).

1.  Current Customers

We are going to pre-register a large number of customers prior to the
launch.   These customers will not  receive any documentation from us apart
from the one page application form (Password Application) and a nice glossy
marketing brochure.

They will not be asked to fill in any form of registration documentation.
All of the approvals should be done internally as we already trade with these
people.

Procedure
1.  A list of customers to be pre-registered is compiled.
2.  Sign off on the list is obtained from Tax, Credit, Legal etc.
3. The customer receives from Enron a Password Application Form (postal) and
a marketing brochure (this will be very glossy with only high level details
nothing specific to the customer but will outline the registration process
(to include whether to send to UK os  US office).  The PA will be specific to
each country and therefore we should be able to send out the specific PA to
each counterparty.
4. The customer signs the document (Password Application) and returns to
Enron.
5. Enron dispatches the System Administrator password and login.
6.  The customer logs in and the immediately is greeted with the ETA (as
loaded for the specific counterparty profile which will be based on the
country of origin of the customer).  The ETA must be printable and the
customer will scroll through the document to the end where he has the choice
of either "I accept" or "I do not accept" (with no default on enter).  This
ETA must be printable.
7.   The customer then enters the site and transacts.  If the customer is
transacting under a master then the GTC for a particular product will not
need to be accepted, if the customer is dealing without a master then any
person using the administrator password or any of its subsidiary passwords
can accept the GTC (it only needs to be accepted once by any one person under
this SA password).  The system will need to be loaded with the information as
to whether a counterparty requires GTC or not for each commodity/product type.

Elena's questions
Q:  Will PA be available as well as ETA for viewing and printing in the
"House"?  No only in the garden.  PA and ETA for all jurisdictions will be
available and printable in the garden (drop down box would be my suggestion).

2.  New Customers

There are two alternative routes possible.

Procedure 1: Off Line Registration

Potential Customer will e-mail, phone to express their willingness to trade
online, i.e. get the ID and Password
Enron will mail Registration Pack to the Potential Customer with PA for
appropriate jurisdiction.
Customer will fill in Registration Form, sign PA and mail it back to Enron
If the customer is approved for Online Trading by Enron, it will receive the
system administrator login and password.
The customer logs in and the immediately is greeted with the ETA (as loaded
for the specific counterparty profile which will be based on the country of
origin of the customer).  The ETA must be printable and the customer will
scroll through the document to the end where he has the choice of either "I
accept" or "I do not accept" (with no default on enter).  This ETA must be
printable.
The customer then enters the site and transacts.The customer is transacting
GTCs for all  products and   any person using the administrator password or
any of its subsidiary passwords can accept the GTC (it only needs to be
accepted once by any one person under this SA password).

Procedure Two:  Partial OnLine Registration
Registration Pack including PAs for all jurisdictions will be available in
the Garden
Customer has to chose (drop down box) which jurisdiction he is in,  print out
appropriate Registration Form and PA,  fill in Registration Form, sign PA and
mail it to Enron
Customer will fill in Registration Form, sign PA and mail it back to Enron
If the customer is approved for Online Trading by Enron, it will receive the
system administrator login and password.
The customer logs in and the immediately is greeted with the ETA (as loaded
for the specific counterparty profile which will be based on the country of
origin of the customer).  The ETA must be printable and the customer will
scroll through the document to the end where he has the choice of either "I
accept" or "I do not accept" (with no default on enter).  This ETA must be
printable.
The customer then enters the site and transacts.The customer is transacting
GTCs for all  products and   any person using the administrator password or
any of its subsidiary passwords can accept the GTC (it only needs to be
accepted once by any one person under this SA password).

The Registration Form is currently in draft form and I attach below but
clearly Janine may want to add more on her side.

Elena's questions
Q:  1) Alternative 1 or 2? Both
 2) In the Garden there must be a sentence (to be drafted by CC) to inform
potential customers that there request for access may not be granted.  YES -
In the  garden there must be a phrase that any access may not be granted and
that it is solely on our discretion (this is not just for Read Only its for
all applications)
 3) Should all ETAs and PAs be available and printable in the Garden? CC
prefers them to be available...YES

3.  Read Only Customers

If a customer / counterparty does not respond by signing our PA and therefore
has not access to the site and we are very keen for them to be a trading
counterparty over the Internet we want a way of showing them what they are
missing.  So we will be sending them a password and login for read only
access.  We could also send out to bodies like regulators or brokers etc but
that will be up to the traders - any counterparties wanting access like this
would apply through th eroute outlined above for new counterparties and we
would authorise readonly access.  We will no be advertising read only access
as available.

They will be able to enter the site for a period for time (Enron needs to be
capable of setting system limits to the amount of time a
customer/counterparty is given read-only access for) unable to transact but
view only.

Procedure
1.  Either, Enron monitors the list of counterparties having registered
against the full counterparty list and notes that specific counterparty has
not registered.  The trading desk with primary trading contact with such
counterparty is contacted and asked if they would like to offer read only
access for a period of time.
or,   a trader applies to the Online Product Control group for read only
access for one of his customers.
2.  The Product Control Group will issue a password/login which will be time
dated (only valid for a certain period).
3. The counterparty will login and immediately greeted by a Read Only ETA  -
these are to be country specific.
4. The counterparty must accept the Read Only ETA online before entering the
site where he has been given READ ONLY access.
5.   Under this scenario there is only one password and no capability of
creating any further passwords (not like a system administrator password).
6. When the password expires they will need a prompt box indicating how they
should register to continue seeing prices.

Elena's issues
1) Should Read Only ETA be printable and where? YES - should be printable
when it appears on screen at login (no need for it to be in the garden)
2) What limitations will be imposed on the Guest User, i.e. one log in
session, limited time etc. - This decision has to be made in order for CC to
put an appropriate language into the Read Only ETA. Read Only ETAs for all
jurisdictions have to be finalised by July 7th. Needs to be flexible although
one password has no capability of creating further passwords, but the period
of time they are allowed access will depend on each trader.  Some customers
may be allowed in for one day others for one month.
3) In the Garden there must be a sentence (to be drafted by CC) to inform
potential Guest User that his request for Read Only access may not be
granted. We will not be advertising this facility and it will therefore not
be mentioned in the garden.  The only phrase in the garden refers to
customers who apply for a password may not get access (see above).
4) Is Read Only ETA accepted online or it should be signed and mailed back to
Enron as a hard copy? The latest agreed was that it will be signed off line,
but accepting it online should work as well, and seems to be a cleaner
way...No this will be signed/clicked online just like the ETAs.

Mark's comments
System administrator will not be a trader as far as the system is concerned.
If they are in reality that is none of our concern.  Agreed - we need to
change the name of System Administrator to Trader Administrator
ETA acceptance process - we have legal confirmation of your comment? I would
expect that all users that trade on the system should read and accept it
(which I think is where Bob is coming from). Only one person per System
Administration Password / Trader Adminstrator password accepts the ETA.

Guest only users
This concept was raised to us for the first time yesterday - and I have some
process queries on it. See above.
How do we separate/ identify the applications? See above.
What will be the process for upgrading users f they successfully apply for
full rights?  They need to receive a notice when their password expires which
prompts them to follow the application process.

2 other queries  -
Why do they need an ETA when they will not be allowed to trade
electronically? Need a Read Only ETA - see document for further understanding
Limitations to be imposed - where is this being coded and who by? There will
be a timetable impact. This is not new and therefore isn't

Bob's comments

1. Existing Enron Customers (approx 2,000)
The first person from the customer's company logging Online has to accept
ETA. After that ETA has to be available for viewing and printing for all
other users.
The first person logging on will always be the Administrator (to set up his
users) so how can a probable non-trading user accept ETAs for his traders?
Probably will be a trader - change the password to TRADER ADMINISTRATOR
PASSWORD/ MASTER TRADING PASSWORD

3. Unknown Customers (currently not trading with Enron) willing to get
Trading Access
Alternative 1 most closely mirrors what we're doing for our existing customer
base and so the procedures will already be in place for EOL Product Control /
System Admin to run this. If the marketing pack mailing method is utilised we
cut down on extra effort in a number of areas (marketing pack will be signed
off by legal, business processes already there, no extra development effort,
single point of reference).
The marketing pack is a glossy brochure advertising our site within it there
will be the registration form, I think we do both alternatives.

Tim's comments

 The process you have described is as I understood things, except
that for Guest Users ( also referred to as Read Only Users - Regulators,
Lawyers, Brokers, Potential Traders etc).  As we discussed on Wednesday and
as Andrew mentioned yesterday, I understood the process to be as follows:

 The Guest will phone or sent e-mail (possibly fill in a form online,
that will be automatically e-mailed) to Enron System Administrator.
Customers will provide info on their name, e-mail address, mailing address,
country of incorporation  etc.   If Enron approves the customer as a Guest
user, the System Administrator will  e-mail/fax to the Guest the Read Only
ETA.  The Guest will execute the Read only ETA in hard copy and return it to
Enron (by fax or post).  Enron will then issue a Guest ID and Password.  The
Read Only ETA will be available on the website as a reminder to the Guest.
This will not be in hard copy it will be online, see above we are not going
to advertise this read only capability.

OK?

Louise


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 01/06/2000
07:32 AM ---------------------------

	From:  Michelle Neville                           01/05/2000 12:29 PM

To: Angela Barnett/HOU/ECT@ECT, Amber Ebow/HOU/ECT@ECT, Jessica
Anaya/HOU/ECT@ECT, AMELIA_HINTON@VALIC.COM, DANAA@CORBETTSTAFF.COM, Cassandra
Moses/HOU/ECT@ECT, Rhonda Robinson/HOU/ECT@ECT, Alicia Jones/HOU/ECT@ECT,
Robin M Morgan/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT
cc:
Subject: RE: Thinking of you

---------------------- Forwarded by Michelle Neville/HOU/ECT on 01/05/2000
12:18 PM ---------------------------

Paula Pierre Denman
01/05/2000 10:38 AM
To: Pamela Chambers/Corp/Enron@Enron, Chamberp@evi-net.com, Angie
Collins@CCMAIL, mcarson@caraustar.com, mcb1531@aol.com,
<fdunlap@houstonisd.org>, Michelle Neville/HOU/ECT@ECT, Phenicia
Olivier/HOU/ECT@ECT, kypierre@swbell.net, Chaun Roberts/HOU/ECT@ECT, Melinda
Pharms/HOU/ECT@ECT, Janell Avery/HOU/EES@EES
cc:
Subject: RE: Thinking of you

---------------------- Forwarded by Paula Pierre Denman/HOU/ECT on 01/05/2000
10:27 AM ---------------------------

Always thinking of my dear friends!

> I said a prayer for you just now.......
> When you receive this e-mail just recite the following prayer. That's all
> you have to do. There is nothing attached. This is the power of prayer at
> work.  Just send this to (4) people and see what happens on the fourth
> day.
> Do not break this, please. There is no cost, but lots of rewards. Let's
> continue to pray for one another.
> PRAYER:
> May today there be peace within you. May you trust God that you are
> exactly
> where you are meant to be. May you not forget the infinite possibilities
> that are born of faith. May you use those gifts that you have received,
> and
> pass on the love that has been given to you. May you be content knowing
> that
> you are a child of God. Let His presence settle into your bones, and allow
> your soul the freedom to sing, dance, and to bask in the sun. It is there
> for each and every one of you.
> Send this to (4) or more people and witness the awesome power of prayer.
>
>
> ______________________________________________________
> Get Your Private, Free Email at http://www.hotmail.com


Kate-

Apb checkout     Badeer
missing deals:   Enron Buys Relaint 290.00 Apr SP15 on peak  25 mws believe
deal 553809.01, need to ch bro to apb
  Enron Sells Reliant 310.00 Apr NP15 on peak 25 mws believe deal 553810.01,
need to ch bro to apb

554166.01 Mallory, please ch Cp name to BP Energy Co

Missing Jeff Richter trades:
Enron Buys PGET
April 25 mws SP15   290.00

Enron Buys BP Energy
3/21-3/31  50 mws
SP15   330.00


----- Forwarded by Carolyn Cooney/Corp/Enron on 04/17/2001 11:45 AM -----

	Rosalee Fleming
	04/16/2001 01:37 PM

		 To: Carolyn Cooney/Corp/Enron@ENRON
		 cc:
		 Subject: Presentation

Thanks a million, Carolyn!!
---------------------- Forwarded by Rosalee Fleming/Corp/Enron on 04/16/2001
12:28 PM ---------------------------

Lloyd Will@ECT
04/16/2001 11:46 AM
To: rosalee.fleming@enron.com
cc: Rob Bradley/Corp/Enron@ENRON
Subject: Presentation

Attached is a general Eastern & Ercot outlook presentation, state of the gas
storage as well as a weekly coal report for Mr. Lay.

Please ensure that he receives this material for his meeting tomorrow.

Thanks.


Nope.  I think Gloria is though.  I know Victor is but he is out the rest of
this week.


FYI

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/24/2001 10:01 AM -----

	"Shanley, Gail" <gail.shanley@gs.com>
	04/24/2001 08:43 AM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: RE: Enron Credit Inc. ("ECI") consent

The consent looks ok from the GS&Co. side.  I will check with GSI to see if
they have any comments.

Gail

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Thursday, April 19, 2001 5:39 PM
To: gail.shanley@gs.com
Subject: RE: Enron Credit Inc. ("ECI") consent

Gail:

Is the attached Master Repurchase Agreement used by both GS&Co as well as
GSI?  It looks like both Enron companies (U.S and U.K.) will want repos and
the U.S. company .  What is the difference in the forms used by GS&Co and
GSI?

Any word on the consent?

Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Shanley,

                    Gail"                To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>,
                    <gail.shanley        gail.shanley@gs.com

                    @gs.com>             cc:     ted.leh@gs.com

                                         Subject:     RE: Enron Credit Inc.
("ECI") consent
                    04/17/2001

                    08:44 AM

Sara -

I will look at your consent document today.
Attached please find the standard repo documentation used by Goldman.

Gail

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Tuesday, April 17, 2001 9:42 AM
To: gail.shanley@gs.com
Cc: ted.leh@gs.com
Subject: Enron Credit Inc. ("ECI") consent

Gail:

The commercial team is pressuring for a fairly quick implementation of a
repo agreement.  If the consent which I sent yesterday is not satisfactory,
please advise as soon as possible so that I can obtain a repo specific
consent.  Also, could you please submit repo documents to me for review.

I do not know who may have contacted you from the London group (Enron
Credit Ltd.) but we can surely coordinate.  That entity should have its own
form of unanimous consent or resolution.

Thanks for your help.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/17/2001 08:36 AM -----

                    Sara

                    Shackleton           To:     gail.shanley@gs.com

                                         cc:

                    04/16/2001           Subject:     Enron Credit Inc.
("ECI") consent
                    02:36 PM

Gail:

Attached is a form of ECI unanimous consent.  Will you accept fhis for the
purpose of signing a repo agreement and transacting thereunder?  Please let
me know.

Also, you can email repo documents to me.

Thanks.

(See attached file: Resolution - ECI.doc)

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

(See attached file: p4233104a.pdf)
(See attached file: p4233104b.pdf)


Works for me.

Best,
Jeff

	Lysa Akin@ECT
	04/02/2001 12:42 PM

		 To: Susan J Mara/NA/Enron, Jeff Dasovich/NA/Enron, Sandra McCubbin/NA/Enron,
Alan Comnes/PDX/ECT
		 cc: Paul Kaufman/PDX/ECT, Joseph Alamo/NA/Enron@Enron
		 Subject: CORRECTION: Dates

Sorry, folks, I got ahead of myself!  Please advise your availability for a
meeting APRIL 10th in Portland.

Many thanks.

Lysa
---------------------- Forwarded by Lysa Akin/PDX/ECT on 04/02/2001 10:49 AM
---------------------------

Lysa Akin
04/02/2001 10:21 AM
To: Susan J Mara/NA/Enron, Jeff Dasovich/NA/Enron, Sandra McCubbin/NA/Enron,
Alan Comnes/PDX/ECT
cc: Paul Kaufman/PDX/ECT, Joseph Alamo/NA/Enron@Enron
Subject: Dates

Please advise by COB Tuesday, April 3rd, of your availability for a Western
States Meeting in Portland on May 10th.

Sue - I know you will already be in Portland that day.  Please advise the
time of your meeting so that I can plan accordingly.

Thank you.

Lysa
---------------------- Forwarded by Lysa Akin/PDX/ECT on 04/02/2001 10:22 AM
---------------------------

Paul Kaufman
04/02/2001 09:48 AM
To: lysa.akin@enron.com@ECT
cc:
Subject: Dates --FYI

Please check and see if folks are available for a Western States meeting in
Portland on the 10th?  Check with Sue for her availability re:  the timing of
her meeting.
---------------------- Forwarded by Paul Kaufman/PDX/ECT on 04/02/2001 09:52
AM ---------------------------

Alan Comnes
03/30/2001 06:17 PM
To: paul.kaufman@enron.com
cc:
Subject: Dates --FYI

Paul

FYI

Steve Walton and Sue Mara are in Portland on April 10 for an RTO checkup
meeting. You may be in Boise but if not, good day to have a Western Group
meeting?


Does this make sense to you?  Seems like they may have the wrong person.  Can
you follow up?  Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 09/11/2000 12:59 PM
---------------------------

	Enron North America Corp.

	From:  Margarite Cunningham @ ENRON                           09/07/2000
04:42 PM

To: Kay Lynn Buhler/Corp/Enron@Enron
cc: Belinda Luna/Corp/Enron@ENRON, Sally Beck/HOU/ECT@ECT, Andrew
Lawrence/HR/Corp/Enron@ENRON, John Sides/Corp/Enron@ENRON
Subject: Pager Request

Kay Lynn,

I understand that you are now incharge of ordering pagers for everyone who is
requesting one.

I need to request two skytel (2) way pagers for:

Belinda Luna
Sally Beck

They are both on the Training Team under Andy Lawrence:  company code: 011
Charge#103091

If you have any questions please give me a call.
thanks
margarite


but the broker has 207.50?

---------------------- Forwarded by Kerri Thompson/Corp/Enron on 03/12/2001
04:56 PM ---------------------------

Kerri Thompson
03/12/2001 04:09 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb

missing deals for mark

sell mirant
april
25 mw
207.50
pv

sell mirant
april
25 mw
205.00
pv


Mark -

I've added some more language regarding taxes.

Thanks -
Deirdre
39685


This looks good to me.

 -----Original Message-----
From: 	Stacy Carey  [mailto:SCAREY@ISDA.ORG]
Sent:	Tuesday, June 12, 2001 8:04 PM
To:	Mark Haedicke ; Mark Taylor
Subject:	FW: June Newsletter - NA Energy Committee

I am currently putting together ISDA's June newsletter and thought we needed
to say a bit about the NA Energy Committee.  The following is my submission
- Hoping this is generic yet informative enough for our purposes. -- Stacy

> North American Energy and Developing Products Committee
>
> The Committee plans to meet within the month to discuss various issues
> impacting the OTC energy and developing products markets.  Given the
> increased and varied growth of  ISDA's energy membership, a primary focus
> will include discussion on updating and reconciling provisions of master
> agreements for various energy products.  Market and regulatory issues will
> also be considered.
>
>
>
>
>
>
> Stacy Carey
> Policy Director
> International Swaps and Derivatives Association
> 600 5th Avenue, 27th Floor
> Rockefeller Center
> New York, NY  10020
> (212) 332-1202 ph
> (212) 332-1212 fax
> (917) 543-9622 cell
> scarey@isda.org
>
>


I forgot one deferral that came through as a PMA in 0003 GL.  Please defer
$18,933 in expense(revenue entry) for Southern Union, production month 9911.
Shout with any questions.  Thanks.
PL


Dear Executive Committee Members,

At our first meeting of the year, which was very productive (and therefore
too long), we neglected to ask your preference for a meeting day, time and
place.

Last year the committee met on Wednesdays at Noon in the English Room at the
Bayou Club and that seemed to work very well for the members. How does that
sound to you?

We pre-ordered lunches to save time and billed members for their lunches at
the end of the year. Our next meeting is presently scheduled for OCTOBER 10
and below is a list of the other dates for the year. Please let us know if
this schedule works for you and if meeting at Noon works for you as well.

Thanks.

Marti

CONTEMPORARY ARTS MUSEUM
SCHEDULE OF EXECUTIVE COMMITTEE MEETINGS
FY2001-2O02

October 10, 2001

November 7, 2001

December 12, 2001

January 16, 2002

February 13, 2002

March 6, 2002

April 10, 2002

May 15, 2002

June 19, 2002 (if necessary)

July 17, 2002 (if necessary)

 - Schedule of Exec mtgs 2001-2002


The below deals have been flipped out to NYMEX swaps.

	From:  Dutch Quigley @ ECT                           11/01/2000 03:28 PM

To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject: Deals that are gas daily in TAGG but counterparty shows Nymex

---------------------- Forwarded by Dutch Quigley/HOU/ECT on 11/01/2000 03:28
PM ---------------------------

	Enron North America Corp.

	From:  Mechelle Stevens                           11/01/2000 03:27 PM

To: Dutch Quigley/HOU/ECT@ECT
cc:
Subject: Deals that are gas daily in TAGG but counterparty shows Nymex

Dutch,

Here are the two deals that my counterparties are disputing:

 Bank of America, National Association Q19738.1 EOL459929
 Hess Energy Trading Company LLc Q27284.1 EOL473290

Please let me know if you need additional information.

Thanks,
Mechelle


I am no longer a user of this application.

	Howard Petty/ENRON@enronXgate
	12/18/2000 09:47 AM

		 To: Audrey O'Neil/HOU/ECT@ECT, Brad Blevins/HOU/ECT@ECT, Chris
Sonneborn/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, James R Haden/HOU/ECT@ECT,
Ken Choyce/NA/Enron@Enron, Lal Echterhoff/HOU/ECT@ECT, Molly L
Carriere/HOU/ECT@ECT, James McKay/HOU/ECT@ECT
		 cc:
		 Subject: HTS32 - still in use?

Hello,

I work in Applications Integration on the GEM Project (Windows 2000
rollout).  It is our mission to ensure that all applications are tested and
packaged for use with Windows 2000 so that the Enron user community can be
migrated to Windows 2000.  I am contacting you because we have identified the
current version of HTS32 as not compatible with Windows 2000 and I found your
name in the application group as one of the users of this application.

I need your help in gathering the following information:

Who is the "owner" of this application (the person who can tell me if it is
still needed)?

Is it still used?

Has it been replaced by another application or a web based application?  If
so, when and which application?

If it is still used:

Vendor (or developer) name?  (please include any contact info. you may have:
web site, contact, phone number).

Who can work with me to obtain the new version (if needed) and test it?

Who uses it (if this list is too large, just note the approximate number of
people)?

Do you foresee that this application will go away in the next couple of
months?

Is your maintenance contract up-to-date?

Please contact me at your earliest convenience.

Thank you,

Howard Petty
Applications Integration
x35405


Sheila,

Some minor differences between the draft and the final executed version.
I have forgotten to bring the draft today, I shall send  a copy to you
tomorrow.
There were some hand-written changes made by Greg ijn the draft that were not
transferred to
the final version.

Vince


Scott,

Can you check the contract on #500282.  The chicago office needed to add a month to this deal and it wouldn't let it due to the contract #.  I changed it but probably shouldn't have.  It probably needs a new ticket.  Let me know.

Kay in Chicago needed this at 312-541-1235

Thanks

Kam


please have someone pick this up for me today.  thank you.

---------------------- Forwarded by Scott Neal/HOU/ECT on 07/10/2000 09:44 AM
---------------------------

Gwendolyn Williams@ENRON
07/07/2000 05:03 PM
To:
cc:  (bcc: Scott Neal/HOU/ECT)
Subject: PRC Binders

Hello, my name is Gwendolyn Gray.  I am in the Associate/Analysts Human
Resources Department.  Your PRC Binders are ready to be picked up and are
located in EB 1197.  I will be in my location until 5:30 today and all day on
Monday, July 10.  Thanks in advance.


Entire story:
http://cbs.sportsline.com/u/wire/stories/0,1169,4534966_59,00.html

IRVING, Texas (AP) Emmitt Smith will return to the Dallas Cowboys' lineup
Sunday against Philadelphia after missing two games with a sprained right
knee.

Coach Dave Campo said after practice Friday that Smith would "be ready to
play the majority of the game."

Smith returned to practice Thursday and was back on the field Friday. He was
hurt during the Cowboys' 17-3 win over Arizona on Oct. 28 when he was
tackled after a 1-yard gain in the final two minutes.

Smith, the NFL's second-leading career rusher, did not speak with reporters.

Before missing consecutive games for the first time in his 12-year NFL
career, Smith had missed only two other games because of injury - one in
1994 and another five years later.

Smith has 15,564 career yards rushing, 1,162 behind Walter Payton's NFL
record.

Troy Hambrick, who rushed for 204 yards while replacing Smith in losses to
the New York Giants and Atlanta, will start at fullback.

[ [ [ [ [ [ [ [ [ [ [ [ [  OUR VIEW  ] ] ] ] ] ] ] ] ] ] ] ] ] ] ] ]

Doesn't make a lot of sense to me with Hambrick playing the way he does but
far be it from me to try and figure out Jerry Jones.   Emmitt has paid the
dues and has earned the start I suppose when he's healthy.   Bottom line is
put a heavy downgrade on Hambrick for now.

Joe

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Bryant Analytics, Inc.   All Rights Reserved 1999-2001

To unsubscribe from this group, send an email to:
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Mark

All work on the application for a power marketing certificate has stopped and we have not asked that changes be made to reflect the merger agreement with Dynegy. This would involve a considerable amount of work and a further analysis as to market power being prepared. If and when it is required we can instruct that the work be performed.

I have advised our gas pipelines regulatory compliance group (Frazier King) as to the filing which may need to be made in the event that the application is made by ERMT Corp. There is no further action required on this, provided that ERMT Corp. remains the name of the entity. If you are considering a name change please advise as soon as is practicable in order that this can be addressed.

The share transfer forms transferring the shares in Clinton to Enron Corp. have been executed, effective 30 October 2001. These need to be initialed and transfer accepted by the President of Enron Corp. I am sending these to you to initial.

Marcus


Hello, Everyone -

RTO West will hold two days of meetings Monday, February 11, and Tuesday, February 12, 2002 to review, discuss and seek consensus on the draft filing that RTO West is preparing to submit to FERC by March 1.  These sessions are part of a broader consensus seeking activity with stakeholders, the Congressional delegation, and all parties interested in RTO West.  The meetings will afford an opportunity to Regional Representatives to prioritize and explain their key issues to the RTO West principals.

The meetings will be Monday, February 11, from 8:30 a.m. until 5:00 p.m. and Tuesday, February 12, from 8:30 a.m. until 4:00 p.m. at the Shilo Inn located at 11707 NE Airport Way.  The Shilo Inn is about 2-3 miles east of the Portland Airport and east of I-205.  From I-205 take exit 24 from the north or exit 24B from the south.  If you need overnight accommodations, the Shilo Inn phone number is 503-252-7500.

The draft filing will be posted by February 6.  We will notify you when it is on the RTO West website.  We will also be sending you an agenda for the sessions with structured time slots for input on specific elements of the draft filing.  During the afternoon session on February 12, preliminary Benefit Cost Study results will be presented for discussion.

The working agenda is as follows:

On February 11
- draft preliminary Filing Letter,
- current draft of Transmission Operation Agreement (TOA), and
- revised draft of Congestion Management proposal.

On February 12
- revised draft of Pricing proposal,
- draft Ancillary Services proposal,
- revised draft of Planning and Expansion proposal,
- revised draft of Market Monitoring proposal,
- proposed draft of Insurance, Indemnity and Limitation of Liability Agreement,
- revised drafts of Scheduling Coordination and Paying Agent Agreement, and
- preliminary results of the Benefit Cost Study.

Again, you can expect a more detailed agenda for the meetings and a notice that the draft filing is posted by February 6.

Thank you,
Christine Elliott,
RTO West Coordinating Team
chrisrtowest@earthlink.net <mailto:chrisrtowest@earthlink.net>
503-262-9421


Donna,

I am sending you, as promised, the outline of the project. In case you have a
difficulty opening the attachment, I cc my assistant. She will be able  to
fax it to you on Monday.

Vince

 - 2001 Field Application Form 2.doc


Elizabeth,
My name is John Forney and I am the new Electricity  Cash trader in the
Entergy region,  reporting to Kevin Presto.         I received a letter
agreement from Entergy that seeks to clarify the Entergy  "Into"
definition.   Rogers Herndon has relayed that we have tried to get them to
transact under an EEI agreement,  where they have been willing to only
operate under WSPP.    They are trying to get us to agree to use the WSPP
contract with EEI  liquidated damages language.
I need to meet with you on this issue.   Rogers is available to anwer
questions on the background of this ,   if necessary.

Thanks,
JMF
3-7160


Cool, I want to go too....... waaaaaaaa!

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Tuesday, November 27, 2001 5:17 PM
To:	'Terri.Hamby@ElPaso.com'; Cowan, Beth; Vann, Suzanne; Ward, Kim S (Houston); Nemec, Gerald; Gerard, Camille; Cross, Edith; Black, Troy; Smith, Mark; McCaffrey, Deirdre; Slone, Jeanie; Arnold, John; Arnold, Matthew; Olinger, Kimberly S.; Capestany, Mari; Wheeler, Rob; French, Joe; Herron, Chris; Brewer, Stacey J.; Melissa Reese (E-mail); 'mkammer@tradespark.com'; Susie LeJune (E-mail); Sally McElroy (E-mail); Brad Fagan (E-mail); Elizabeth Jordan (E-mail); John Schilke (E-mail); Fuller, Dave
Subject:	FOOTBALL

 << File: VS.doc >>

Suzanne,

can you forward to Lori and Joe Gordon.

Terri,

Can you forward to Pierce, Stacy, and Donna?


I think we should do this but should include some comments praising FERC for
taking some positive actions and really looking for solutions instead of
simply ways to reregulate (thank you again Dan Yergin).

From: Joe Hartsoe@ENRON on 03/16/2001 08:03 AM CST
To: James D Steffes/NA/Enron@Enron
cc: Alan Comnes/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT
Subject: Re: Project Requires RCR

Jim -- Assuming we agree with what WPTF will say, this is superb.  Joe

	James D Steffes
	03/16/2001 07:10 AM

		 To: Joe Hartsoe/Corp/Enron@ENRON, Alan Comnes/PDX/ECT@ECT, Mary
Hain/HOU/ECT@ECT
		 cc:
		 Subject: Project Requires RCR

I think that this makes sense.  I'd appreciate your thoughts?

Jim

----- Forwarded by James D Steffes/NA/Enron on 03/16/2001 07:14 AM -----

	Susan J Mara
	03/15/2001 06:20 PM

		 To: Ginger Dernehl/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Eric Benson/NA/Enron@ENRON
		 cc: Susan J Mara/NA/Enron@ENRON
		 Subject: Project Requires RCR

The following project requires RCR:

Project Lead: Susan J Mara

Project Name: WPTF Comments on FERC Market Mitigation Plan for CA

RCR Title: WPTF Comments on FERC Market Mitigation Plan for CA

Proposed Expenditure: $2,300.00

To see more detail on this project, click on the following link >>>


I made a couple of changes.  This worksheet will be your top priority for
Friday.


Saturday morning, November 11, 2000

SPECIAL ELECTION CONFERENCE CALL: On Friday, Nov. 10, Mark Melcher, an
independent political analyst, and I discussed the likely consequences of
the Presidential election mess. You can listen to the rebroadcast at
www.yardeni.com/waf.asp.

DEUTSCHE BANC ALEX. BROWN'S TECH 2000 CONFERENCE: Watch this premier annual
tech conference live from Nov. 13-16. I will speak on the outlook for the
tech industry on Tuesday, Nov. 14 at 11:30 am (est). Register now at
www.webevents.broadcast.com/db/techconf1100/frameset.html.

COMMENT: In the latest Congressional elections, the Republicans still held
on to their majorities in the Senate and the House, but barely. Whoever is
the next President has no mandate whatsoever. The voters in their collective
wisdom have given us the most gridlocked political system in our nation's
history. This suggests that the country is evenly and hopelessly split into
two factions with very different agendas. Or else, the country is mostly
satisfied and prefers to veto both the Gore and the Bush agendas. I think
the latter is a more accurate interpretation of the Presidential and
Congressional votes. Obviously, this political stalemate could be a
decidedly bearish outcome, especially if the legitimacy of the new president
is questioned. More likely, the new president and Congress will seek out
common ground for bipartisan legislative initiatives. The stock market may
remain on the defensive until this outcome is clearer. In any event, extreme
policy changes are now almost certainly extremely unlikely. This should
ultimately be bullish for both bonds and stocks.

SUBSCRIBERS: For more of my thoughts on the election, see my latest GLOBAL
PORTFOLIO STRATEGY, which also includes my outlook for profits in 2000. The
latest EARNINGS WEEK reviews the significant drop in consensus earnings
expectations.

EXCERPT (Nov. 6 GPS): "Last week, I had the opportunity to speak at a
conference in Santa Clara, California on the impact of new technologies on
the real estate industry. While I was in Silicon Valley, I also stopped by
the Deutsche Bank office in Menlo Park. It is located on Sand Hill Road, the
West Coast's Wall Street for high-tech startups. The well-manicured road is
lined with the offices of venture capitalists (VCs). I am happy to report
that while the tech wreck in the stock market may have wiped out most
dot-coms, their financiers are alive and well. They are regrouping and
working hard to find and incubate the next New New Thing.

The VC phenomenon is a vital and unique aspect of the New Economy. The New
Economy is driven by a New Paradigm. The New Paradigm is actually a very old
paradigm called Competition. The most important characteristic of a
competitive market is that there are no barriers to entry. One of the
greatest barriers to entry is the availability of financing. The VCs have
virtually eliminated this barrier in the technology industry.

Of course, the Sand Hill Gang went too far over the past year. Money was too
easily available for any startup with a dot-com included in the company's
name. Early in their studies, economists are taught that in competitive
markets, marginal cost equals marginal revenue. The VCs gave away too much
money to too many harebrained entrepreneurs, and the result was probably
close to a zero marginal return averaging the many small losers with the few
really big winners.

The willingness of VCs and their limited partners to take on enormous risk
to finance entrepreneurs with untested ideas and innovations is a great
source of the New Economy's creativity, strength, and productivity. In the
past, entrepreneurs were stymied by the unwillingness of bankers to take a
chance on them. In the 1980s, Michael Milken revolutionized this process by
raising money for entrepreneurs directly in the capital markets. He invented
the concept of issuing high-yield bonds as an alternative to bank financing.
The VCs have taken this concept to the next level. Instead of entrepreneurs
searching for financing, the VCs are searching for entrepreneurs to finance.

Many of the VCs are relatively young, in their 20s and 30s. So are many of
the portfolio managers of the technology mutual funds. Just for fun, I often
ask these folks if they know what VC once meant before venture capitalists.
Most of them are stumped. During the bad old days during the war in Vietnam,
it stood for Viet Cong.

Today's VCs are also well trained in the art of the ambush. They are
constantly on the hunt for new-new companies that can put old new-new
companies out of business. They are today's financiers of the process of
"creative destruction," which was brilliantly explained by Joseph
Schumpeter. This means that no business is safe from competition. Indeed,
the most successful and most profitable businesses are the ones that are
most at risk from a deluge of VC money financing wanna-be competitors.

The bottom line is that technology will continue to be the most innovative
and the most
competitive industry, with great rewards and great risk."

Dr. Ed

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permitted by law. Deutsche Bank Securities Inc., and DB Alex. Brown LLC.,
are members of NYSE and NASD.  Copyright 2000 Deutsche Bank Securities Inc.,
and DB Alex. Brown LLC. In the U.S. this report may be distributed either by
Deutsche Bank Securities Inc., or DB Alex. Brown LLC. Interested parties are
advised to contact the U.S. entity they currently deal with, or the U.S.
entity that has distributed this report to them.


Looks ok to me.

GISB4@aol.com on 05/15/2001 11:17:46 AM
To: Gisb@aol.com, GISB1@aol.com
cc: Jrtemplton@aol.com, wboswell@mcguirewoods.com, shorton@enron.com,
hdroberts@marathonoil.com, jcostan@mcguirewoods.com, jgomez@enron.com,
jhb@8760.com, novakm@natfuel.com

Subject: Draft GISB Review for Publication

To the Editorial Review Board,

Attached is the draft for the next issue of the GISB Review.  Please let me
know your comments, corrections or additions by close of business May 18 so
that we can send it to the printers for publication.

Thank you for all of your help.

Jo Ann Garcia
gisb4@aol.com

If you have difficulty retrieving this document, please call the GISB office
at (713) 356-0060.

(The GISB organization follows a privacy policy, which does not permit
distribution of contact information. If you are on a GISB distribution list
and would like to be removed, please email such request to the GISB office
and your email address will be removed. If you would like to add other
participants from your company to this distribution list, please also email
such request to the GISB office.)

 - spring01.wd.doc


After determining who is available over the next few weeks, I suggest we not meet the next 2 Tuesdays.  We will pick back up with Session 4 on July 16.

Thx!
Bill


I mentioned on our conference call on Monday that J-Block has had problems
meeting our nominations from the Judy/Joanne/Janice reservoirs.

Up until recent CATS maintenance shutdown on 15 May, they were making up for
reduced production volumes by nominating to supply gas at the NBP which they
are entitled but not obliged to do.  Since return from outage at the end of
May they have declined to nominate at the NBP.

From 1 January to 15 May, the Sellers use of the NBP delivery option kept
underdeliveries to 350 mmcf (ie one day's maximum quantity) in total.  Since
returning from the maintenance shutdown, underdeliveries have totalled 850
mmcf ( averaging 77mcf/d ).

We believe that following the sharp rise in market prices during the
maintenance period, they have decided to default on the contract rather than
make up deliveries from other sources.   They have an effective cap on the
penalties of about 5 pence per therm (after taking into account the value of
the liquids) and therefore they are not making up the volumes when the daily
price is substantially higher than about 16 pence per therm.

Prior to the CATS shutdown, we had made them a proposal to enable them to
deliver additional volumes at  another alternative to avoid default but they
have not responded yet.

You mentioned that in your negotiations with Phillips they had committed to
getting us all the gas regardless of the cap on the penalties.  This has cost
us about $1.5 million to date and they seem to be institutionalising their
non performance.    Perhaps a phone call by you might help.

By the way I will be in Houston on Thursday and Friday to meet with the
delegation from Croatia and I will probably be tied up the entire time but if
you need me
for a phone call I can break away.

John


What did mary write?  Stage misses you?  I sent 2 emails.

Maybe mary is stalking gary


FYI, Kim.

 -----Original Message-----
From: 	Schoolcraft, Darrell
Sent:	Monday, January 28, 2002 6:16 AM
To:	January, Steve; Harris, Steven; Watson, Kimberly; Lohman, TK
Subject:	Weekend scheduled volumes

Please see the attached.


Justin and Edmund:

I understand that the two of you are the key legal contacts in London on
EnronOnline, and I thought that I should contact you regarding
Clickpaper.com, Enron Net Works' new e-commerce initiative.

Enron is planning to launch next week (with a formal launch in connection
with Enron Corp.'s analyst meeting on July 25) of a website for Enron's
trading of pulp and paper products.  The business model is similar to that of
EnronOnline, but since this website will have a more targeted audience, we
can expect a broader product offering and greater volumes than is currently
traded on EnronOnline.  It is anticipated that the site will ultimately have
global counterparties and will trade physical products at several "hubs"
around the world, although operations will initially be more or less limited
to the U.S. and Canada.

I understand that the London office has done substantially all of the legal
work associated with enabling global counterparties to trade on EnronOnline
(such as adopting appropriate password applications and electronic trading
agreements and addressing legal issues associated with electronic trading of
financial and physical products).  While much of that work will be
transferable to Clickpaper, there may be some unique issues.

I'm not sure if anyone has discussed how to handle the legal work for
Clickpaper as it expands into European markets, but I thought that I should
raise the issue.  I don't expect a huge volume of work immediately -- it will
probably trickle in as the traders expand their operations -- but at some
point it could become a substantial effort.

I would appreciate any thoughts that you have.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


The inequities that you are referring to in #4 is that the cap be applied
both to bundled service and d/a customers, right?

Roger Yang@EES
11/01/2000 04:44 PM
To: Mona L Petrochko/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Susan J
Mara/NA/Enron@Enron, Dennis Benevides/HOU/EES@EES
cc: Dennis Benevides/HOU/EES@EES, Scott Stoness/HOU/EES@EES

Subject: California Regulatory Strategy

The purpose of this e-mail is to discuss the regulatory strategy in
California.  As we have discussed, I believe the regulatory strategy can be
summarized as follows:

Support the TURN proposal in order to maintain leverage against PG&E and
SCE.  We will have to do this strategically to avoid negative consequences.
Provide comments on mitigation measures at the CPUC's disposal to mitigate
PG&E's and SCE's undercollections on December 31, 2001 in order to make the
CPUC comfortable with their decisions.
Work with PG&E and SCE on developing a post-freeze solution at the
legislature to recover undercollections over a 5 year period in order to
facilitate an acceptable solution.
Expose the inequities of the rate caps implemented in SDG&E's service
territory for small customers in order to avoid a similar transition
mechanism in PG&E's and SCE's service territories that might facilitate an
end to the rate freeze for all customers prior to December 31, 2001.
Watch and prevent adverse changes to how the PX credit is calculated.

Roger


Mr. Shapiro,
Attached is your Monthly Holdings Report for the month of May, 2001. If
there are any holdings outside of UBS PaineWebber that you would like me to
report on, please send your monthly/quarterly statements to me at:
109 North Post Oak Lane, Suite 150
Houston, TX 77024
and I will include them in this report. Please call me at 713-957-7060 if
you have any questions regarding this report.

Sincerely,
Hank Emery
UBSPaineWebber
Emery Financial Group

 <<SHAPIRO.pdf>>

Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
UBS PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by UBS PaineWebber and
UBS PaineWebber will not be responsible for carrying out such orders
and/or instructions.  Notice Regarding Privacy and Confidentiality:
UBS PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.
 - SHAPIRO.pdf


Enclosed are some materials from CWT on Revised Article 9.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 05/31/2001 02:41 PM -----

	"Lech Kalembka" <Lech.Kalembka@cwt.com>
	05/31/2001 02:35 PM

		 To: carol.st.clair@enron.com
		 cc: "David Mitchell" <David.Mitchell@cwt.com>
		 Subject: Revised UCC

As we discussed, I have attached a memo that discusses the Revised UCC
generally and an outline that focuses on the transition.  Please call me if
you have any questions.

(See attached file: #441719 v1 - Revised UCC Memo.doc)(See attached file:
#561103 v4 - Revised Article 9 Transition Memo.doc)

Lech Kalembka
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY  10038
Tel.: (212) 504-6918
Fax: (212) 504-6666
E-mail: lech.kalembka@cwt.com
==============================================================================
NOTE:  The information in this email is confidential and may be legally
privileged.  If you are not the intended recipient, you must not read, use or
disseminate the information.  Although this email and any attachments are
believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened,
it is the responsibility of the recipient to ensure that it is virus free and
no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

==============================================================================

 - #441719 v1 - Revised UCC Memo.doc
 - #561103 v4 - Revised Article 9 Transition Memo.doc


---------------------- Forwarded by John Arnold/HOU/ECT on 02/04/2001 09:12
PM ---------------------------

"Mark Sagel" <msagel@home.com> on 02/04/2001 09:03:25 PM
To: "John Arnold" <jarnold@enron.com>
cc:
Subject: Natural update

?
 - ng2001-0204.doc


I'm thinking that I have probably missed you, but anyway, it was so nice to
hear from you.  We're haviing Jordan's birthday party tonight.  So thwat's
what we'll be doing this weekend!   Talk to you soon!

Love Bernie


THIS WEEK'S BETA IS????TIME TO EAT LUNCHDARRELL? MILLER? SAYS WE'RE #1 WHILE
DON MANNINO IS  IS ...WHAT IS HE DOING?AND DAVID SOMMERLATH SEEMS TO HAVE HIS
FACE IN DARRELL'S ARM  PITIT WAS A LONG TIME AGO. I GUESS DAVID LUCKS IS
JUST  OBSERVING.


----- Forwarded by Richard B Sanders/HOU/ECT on 05/22/2001 09:44 AM -----

	"Dan Watkiss" <dwatkiss@bracepatt.com>
	05/22/2001 09:46 AM

		 To: <gfergus@brobeck.com>, <sbishop@gibbs-bruns.com>
		 cc: <linda.robertson@enron.com>, <Richard.B.Sanders@enron.com>
		 Subject: Request to FERC

I have had several more conversations that convince me that FERC will provide
very helpful answers to the three quesitions that Robin sent to me regarding
FERC's jurisdiction over the issues in the California cases.

You should be aware of timing issues.  Two of FERC's five positions (both
Republican or Independent) are vacant, but soon to be filled by nominated
candidates.  Both nominees (Pat Wood and Nora Brownell) are expected to be
helpful to our interests.   If we suceed in getting a U.S. district court
judge to sollicit FERC's view befor the  two new nominees are seated, there
may be a slight risk that members of Congress will hold their nominations
hostage over the issue of how FERC answers the court.

I have copied Linda Robertson, the head of Enron's Washington shop, so that
she can assess how real this risk is and whether it should influence our
timing.


FYI.  Here are letters Enron (Steve Kean) sent to US Senators about real
solutions for California.  The Feinstein / Murkowski letters are very good
overviews of our recommendations on what to do and what not to do.

Jim

----- Forwarded by James D Steffes/NA/Enron on 02/27/2001 07:57 AM -----

	Maureen McVicker
	02/26/2001 05:27 PM

		 To: Linda Robertson/NA/Enron@ENRON, Tom Briggs/NA/Enron@Enron, Scott
Bolton/Enron Communications@Enron Communications, Paul Kaufman/PDX/ECT@ECT,
Susan J Mara/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Sandra
McCubbin/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Vance Meyer/NA/Enron@ENRON,
Karen Denne/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON
		 cc: Lora Sullivan/Corp/Enron@ENRON
		 Subject: Letters to Senators

Attached are the letters sent to Senators Wyden, Feinstein & Murkowski.


Does this sound familiar?
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 02/08/2000
02:51 PM ---------------------------

	Enron North America Corp.

	From:  Jeff Harbert                           02/08/2000 02:03 PM

To: Jarrod Cyprow
cc: Sara Shackleton/HOU/ECT@ECT
Subject: Draft Lumber Swap

Jarrod,

Please prepare a draft ISDA swap agreement with the attached terms.  Our
lumber group is needing this for their negotiations with Stora as soon as
possible.
It is my understanding the two companies are getting close to finalizing the
ISDA.
As we discussed, a template for settling lumber swaps using the CME Lumber
contract average last 3 trading day settle will be required.
If you need anything further or need clarification of anything, please call
me to discuss.

JH.


we have completed obtaining pipeline capacity to reduce their exposure with
steve van hooser's and gerald nemec's able assistance.
i am bowing back out.
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

	Mary Cook
	04/24/2001 08:58 AM

		 To: Lisa Mellencamp/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: FW: PG&E Energy Trading Entities

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com
----- Forwarded by Mary Cook/HOU/ECT on 04/24/2001 08:57 AM -----

	Tana Jones
	04/23/2001 05:56 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Marcus
Nettelton/NA/Enron@ENRON, Harry M Collins/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT, Mary Cook/HOU/ECT@ECT,
Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: FW: PG&E Energy Trading Entities

Please let me know immediately if you have any issues with the PG&E entities
at the bottom of this email trading the listed products.
----- Forwarded by Tana Jones/HOU/ECT on 04/23/2001 05:55 PM -----

	Walter Guidroz/ENRON@enronXgate
	04/23/2001 05:35 PM

		 To: Lisa Lees/ENRON@enronXgate, Stephanie Sever/ENRON@enronXgate, Tana
Jones/HOU/ECT@ECT
		 cc:
		 Subject: FW: PG&E Energy Trading Entities

Lisa/Stephanie, could you please ensure that the trading profiles for each of
the three PG&E entities are changed below such that by tomorrow morning they
will be able to transact once we restore their headroom once we enter it into
the system?

Tana, are you OK with restoring the changes reflected below?  I'm thinking
that since they had this transact ability once before, that it should be OK.

PLEASE LET ME KNOW IF THERE WILL BE ANY PROBLEMS.

Thanks all!

Walter

 -----Original Message-----
From:  Moran, Tom
Sent: Monday, April 23, 2001 5:08 PM
To: Guidroz, Walter
Subject: FW: PG&E Energy Trading Entities

Walter,

Could you ensure that the profiles are set-up accordingly and that CAS is
populated with a $5million minimum for each of these cp,s.

I do not want to turn them on in Datamanager until tomorrow am.

tm

 -----Original Message-----
From:  Conwell, Wendy
Sent: Monday, April 23, 2001 4:59 PM
To: Moran, Tom
Cc: Bradford, William S.; Ngo, Tracy; Sacks, Edward; Radous, Paul
Subject: PG&E Energy Trading Entities

Tom,

Per our discussion with Bill, please set up the following PG&E counterparties
on EOL providing for transactions having a maximum tenor of 12 MONTHS:

PG&E Energy Trading - Power L.P.-------> Physical Power
PG&E Energy Trading, Canada Corporation---------> Physical Canadian Gas
PG&E Energy Trading - Gas Corporation---------->Physical and Financial US Gas

Thanks,
Wendy


Nav,

How are you doing? What are you doing? I am still working for Enron. I have
been trading nat gas for about 3 years. I am moving to Houston at the end of
the month. In my next life I am going to be trading electricity in the NE US.
Should be interesting. Crazy volatility. I will probably have a heart attack
at 26 but that's life. Hope things are going well for you.

w/b

Chris Dorland


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 available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded.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


I killed deal 396265 and added the demand charge to deal 124109.

---------------------- Forwarded by Chris Germany/HOU/ECT on 09/11/2000 01:47
PM ---------------------------

Chris Germany
09/11/2000 01:25 PM
To: Brenda H Fletcher/HOU/ECT@ECT, Brad Bangle/Corp/Enron@Enron
cc:
Subject: Re: Iroquois Parking Dispute

I entered a demand charge on deal 396265.  This is a Market East desk deal.
I tried to enter a demand charge on the original deal for Oct 1999 but I kept
having problems saving the deal so I created a new one.

Let me know if this works.

Brenda H Fletcher
09/11/2000 08:30 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Iroquois Parking Dispute

Do you know the deal number for this October 1999 demand fee?
---------------------- Forwarded by Brenda H Fletcher/HOU/ECT on 09/11/2000
08:27 AM ---------------------------

Brad Bangle@ENRON
09/08/2000 02:31 PM
To: Brenda H Fletcher/HOU/ECT@ECT
cc:
Subject: Re: Iroquois Parking Dispute

Brenda

Can you push this demand item through Unify?
---------------------- Forwarded by Brad Bangle/Corp/Enron on 09/08/2000
02:28 PM ---------------------------

	From:  Katherine L Kelly @ ECT                           08/24/2000 02:02 PM

To: Brad Bangle/Corp/Enron@Enron
cc:

Subject: Re: Iroquois Parking Dispute

I just spoke with Chris, he's going to put the deal into sitara as a parking
demand for the October 1999 for $10,153.82.

Thanks!
---------------------- Forwarded by Katherine L Kelly/HOU/ECT on 08/24/2000
01:56 PM ---------------------------

Chris Germany
08/24/2000 01:21 PM
To: Katherine L Kelly/HOU/ECT@ECT, Brad Bangle/Corp/Enron@Enron
cc: Brenda H Fletcher/HOU/ECT@ECT
Subject: Re: Iroquois Parking Dispute

Good job Chris.

My contact at Iroq is out of the office.  When she gets back, I will agree to
pay $10,153.82 per my worksheet.  Let me know what would be the best way to
enter this in Sitara.  I think she is back in the office next week.  I also
think she will agree to my numbers just to get this resolved.  However, she
may just want us to pay what I think we owe while she does her own research.

Comments?

Christopher Spears
08/24/2000 11:38 AM
To: Chris Germany/HOU/ECT@ECT
cc: Brad Bangle/Corp/Enron@Enron, Katherine L Kelly/HOU/ECT@ECT
Subject: Iroquois Parking Dispute

Chris,
We paid parking fees to Iroquois for 9905 and 9906 production months:

May 1999 $1,934.42       <- included in a wire on 6/18/99 for $1,498,033.81.
June 1999 $1,872.02       <- included in a wire on 7/22/99 for $1,393,799.19.
Total  $3,806.44

If you have any additional questions, please let me know.

Thanks,
Chris


Attached are the letters sent out today to OLNG, Adgas & GSCL formally notifying them about the PTN served by DPC.

Shubh


Here's the long awaited form of option for your review and comment.

I'm sending it to Rose, Lisa and Catherine for their review also.

Thanks,

Kay


you are a dork!!!


I was wondering if this would work:

Problem:  Third party demand reimbursements for transport are kept on
spreadsheets.  I would like to automate this process.

Solution:  Is it possible to enter a capacity ticket with a counterparty
(like ConEd), not a pipeline, and show a negative amount (or the opposite of
what we enter in when we are paying out a charge) therefore resulting in a
credit to the desk for that amount?    Would the system accept such an entry
and would this generate the proper documentation for accounting?

For example, if the East Desk has a deal where ConEd releases capacity to ENA
at max rate, but then reimburses ENA for the demand charge (ENA pays the
commodity costs), the tickets would be entered as follows:
 1) a transportation capacity ticket showing demand charges of $.10,
Counterparty = Transco   -   ENA will pay $$$ to the pipeline
 2) a transportation capacity ticket showing demand charge of -.10,
Counterparty = Con Ed        -   ENA will receive $$$ from ConEd

It seems like this should work and would eliminate one more manual piece of
this transport p&l.
Please advise.


Guz-
Johnson info.

Marcus B. Jones
MCA Architects, P.C.
PH (503)226-0622
FAX (503)226-0626
30 NW 1st Ave.
Portland, OR 97209

-----Original Message-----
From: Marc A Johnson [mailto:johnson.marc@lycos.com]
Sent: Thursday, February 01, 2001 3:13 PM
To: Stacey Johnson; Sheryl Johnson; Marcus Jones; Harry Johnson; Elke
Silveira; Brett Johnson; Bart Burdick
Subject: homepage

Hey y'all!
Just wanted to send you the address of my new homepage. Right now it's
pretty slim-pickin's...but I plan to build it up and I'm sure that in about
a year it'll be bigger than YAHOO! But until I get those shares sold you'll
have to put up with a few ad banners popping up every so often. Well, just
check it out and tell me what you think!

http://blazeii.hypermart.net

Just click the link above, or copy it to your browser window...hope to hear
from ya...
-marc

Get your small business started at Lycos Small Business at
http://www.lycos.com/business/mail.html


----- Forwarded by Jeff Dasovich/NA/Enron on 01/21/2001 10:29 AM -----

	"Katie Kaplan" <kaplan@iepa.com>
	01/19/2001 04:45 PM
	Please respond to kaplan

		 To: "IEP" <iepa@iepa.com>, "John Stout" <John_H_Stout@reliantenergy.com>,
"'Mark Smith'" <Mark.J.Smith@fpl.com>, "'Bill Carlson'" <wcarlson@wm.com>,
"'Bill Woods'" <billw@calpine.com>, "'Bob Escalante'"
<rescalante@riobravo-gm.com>, "'Carolyn Baker'" <cabaker@duke-energy.com>,
"'Cody Carter'" <cody.carter@williams.com>, "'Curt Hatton'"
<curt.hatton@gen.pge.com>, "'Dean Gosselin'" <dean_gosselin@fpl.com>, "'Doug
Fernley'" <fernley.doug@epenergy.com>, "'Doug Levitt'" <SDL@calwind.com>,
"'Duane Nelsen'" <dnelsen@gwfpower.com>, "'Ed Maddox'"
<emaddox@seawestwindpower.com>, "'Ed Tomeo'" <ed.tomeo@uaecorp.com>, "'Eric
Eisenman'" <eric.eisenman@neg.pge.com>, "'Frank Misseldine'"
<fmisseldine@caithnessenergy.com>, "'Greg Blue'" <gtbl@dynegy.com>, "'Hap
Boyd'" <hap.boyd@enron.com>, "'Jack Pigott'" <jackp@calpine.com>, "'Jeff
Dasovich'" <jdasovic@enron.com>, "'Joe Greco'" <joe.greco@uaecorp.com>, "'Joe
Ronan'" <joer@calpine.com>, "'Jonathan Weisgall'" <jweisgall@aol.com>, "'Ken
Hoffman'" <khoffman@caithnessenergy.com>, "'Kent Palmerton'"
<kent.palmerton@williams.com>, "'Lucian Fox'" <lucian_fox@ogden-energy.com>,
"'Marty McFadden'" <marty_mcfadden@ogden-energy.com>, "'Milton Schultz'"
<bfpjv@c-zone.net>, "'Nam Nguyen'" <nam.nguyen@powersrc.com>, "'Paul Wood'"
<paul_wood@ogden-energy.com>, "'Paula Soos'" <paula_soos@ogden-energy.com>,
"'Pete Levitt'" <Pete@calwind.com>, "'Rich Dyer'"
<Rich_dyer@ogden-energy.com>, "'Rob Lamkin'" <rllamkin@seiworldwide.com>,
"'Robert Frees'" <freesrj@apci.com>, "'Roger Pelote'"
<roger.pelote@williams.com>, "'Ross Ain'" <ain@worldnet.att.net>, "'Steve
Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder'" <steve_ponder@fpl.com>,
"'Sue Mara'" <smara@ect.enron.com>, "'Ted Cortopassi'"
<TCortopassi@ogden-energy.com>, "'Tom Heller'" <hellertj@apci.com>, "'Tony
Wetzel'" <twetzel@thermoecotek.com>, "'Ward Scobee'"
<wscobee@caithnessenergy.com>, "'William Hall'" <wfhall2@duke-energy.com>,
"Tom Ross" <tross@mcnallytemple.com>, "Susan Mccabe"
<sfmccabe@mindspring.com>, "Scott Govenar" <sgovenar@govadv.com>, "Ron Tom"
<Rtom@govadv.com>, "Robert Ross" <robbiz@cwo.com>, "Phil Isenberg"
<isenberg@HMOT.com>, "Norton Kelli" <knorton@mcnallytemple.com>, "Mike
Monagan" <mrmonagan@aol.com>, "McNally Ray" <rmcnally@mcnallytemple.com>,
"Maureen OHaren" <Oharen@HMOT.com>, "marie moretti" <marie_moretti@msn.com>,
"Katie Kaplan" <kaplan@iepa.com>, "Kassandra Gough" <kgough@calpine.com>,
"Julee Malinowski-Ball" <jmball@ns.net>, "John Larrea"
<john.g.larrea@williams.com>, "Jean Munoz" <jmunoz@mcnallytemple.com>, "Jan
Smutny-Jones" <smutny@iepa.com>, "Hedy Govenar" <hgovenar@acom2.com>, "DJ
Smith" <djsmith@smithandkempton.com>, "Delany Hunter"
<dhunter@smithandkempton.com>, "Chuck Cole" <ccole@advocation-inc.com>, "Anne
Kelly" <kelly@hnks.com>, "Theo Pahos" <tpahos@ppallc.com>, "Andy Brown"
<ABB@eslawfirm.com>, "B Brown Andy" <andybrwn@earthlink.net>, "Bob
Weisenmiller" <rbw@mrwassoc.com>, "Curtis Kebler"
<curtis_l_kebler@reliantenergy.com>, "Douglas Kerner" <DKK@eslawfirm.com>,
"Jeff Dasovich" <Jeff.Dasovich@enron.com>, "Kristin Vellandi"
<kvellandi@pstrategies.com>, "Lynn Lednicky" <lale@dynegy.com>, "Marty
Wilson" <mwilson@pstrategies.com>, "Paula Hall-Collins"
<paula.hall-collins@williams.com>, "Richard Hyde" <rwhyde@duke-energy.com>,
"Stephanie-Newell" <stephanie-newell@reliantenergy.com>, "Sue Mara"
<smara@enron.com>
		 cc: "Steven Kelly" <steven@iepa.com>, "Carol H Hudson" <Chudson@iepa.com>
		 Subject: FW: CPUC Fastball: emergency meeting on 1/19

Greetings:

The CPUC held an emergency meeting this morning in which they restated the
utilities obligation to serve regardless of claims of bankruptcy or any other
insolvency. PG&E had indicated to both the ISO and CDWR that they had only
planned to schedule for load in which they had native generation to serve.
PG&E's logic is?probably that they will cover folks with the?assets they
have, but since they can't buy anything, they shouldn't?carry that
obligation.? CPUC doesn't like that logic, although if bankruptcy happens its
about the same effect?as?imposing that obligation on DWR.? This could be
avoided if they would just impose the rate increase?that will cover the
costs, subject to refund, and then get the long-term?deals in place.? At this
point the utilities have?much less to lose.? Please find the attached
decision.? For those of you who would like to listen to the hearing you can
listen to a rebroadcast by logging onto the CPUC web site.

?

?

Katie Kaplan

Manager of State Policy Affairs

Independent Energy Producers Association

(916) 448-9499

?
 - keep serving_4622.doc


Please review the home addresss and phone number shown on this eMail.  DO NOT RESPOND if the information is correct.  However, if incorrect then reply to this eMail with the correct information so you HR records can be updated accordingly.  Your home information is important in case the Company needs to forward critical materials to you or contact you regarding important Company information.

Address Line 1: 14542 KENTLEY ORCHARD LA
Address Line 2:
Address Line 3:
City: CYPRESS
State: TX
Country: US
Zip: 77429
Phone: 2813791525


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/15/2000
04:25 PM ---------------------------

Zimin Lu
12/15/2000 04:16 PM
To: Stinson Gibner/HOU/ECT@ECT
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: WTI model

Stinson,

This is the latest WTI model for open-close trading.

Zimin


Molly,

This is an update on Anshuman. Please, see below. It seems
that his transfer is not an issue for the time being.

We can put it on a back-burner till he gets here.

Vince

P.S. The relevant section.

I also spoke about Anshuman, and there was resistance to his leaing for such
a long time.  However, I have agreement from folks here to send him to
Houston for a shorter stint on DPC budget.  I will try to finalize that
before I leave.  I will call you in the evening to just chat.

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/19/2001
09:45 AM ---------------------------

Sandeep Kohli@ENRON_DEVELOPMENT
01/19/2001 04:32 AM
To: Vince J Kaminski@ECT
cc:
Subject: Transition to Research Group - An Update

Vince,

Just wanted to let you know that I had a meeting with Wade Cline (COO, Enron
India), Neil McGregor (President, DPC), and Mohan Gurunath (CFO, DPC) today.
Though I had already spoken to all of them earlier about my joining your
group, today it became official, and all of them supported the move.  I
explained to them what we would be doing, and the results expected from the
Henwood study.

DPC would like to pay the costs for the study, and that was mentioned.  There
maybe some tax issues etc. that need to be cleared, and other related issues
that I would like to discuss with you, so I will leave them till I get to
Houston.

I also spoke about Anshuman, and there was resistance to his leaing for such
a long time.  However, I have agreement from folks here to send him to
Houston for a shorter stint on DPC budget.  I will try to finalize that
before I leave.  I will call you in the evening to just chat.

I am very thankful to you for giving the opportunity you have.  Things here
have deteriorated dramatically over the last few weeks.  Morale is quite down
due to many lay-offs.

I am really looking forward to returning to Houston, and the family!!

Regards,
Sandeep.


We will be celebrating the May birthdays with an ice cream social at 3:00
p.m. in EB38C2 on Wednesday, June 7th!

See you there.


Charlene, the 2nd is ok. Either Mark, myself or John should probably be able
to do the 28th as well.  Obviously, we strongly believe in the benefit of the
program and its goals - ultimately, we  have to walk the talk!
Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/05/2000
08:24 AM ---------------------------

Charlene Jackson@ENRON
10/05/2000 05:47 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Re: Participation in Super Saturday

Hi Dave,
Thanks for agreeing to participate in Super Saturday.  Unfortunately, I gave
you the wrong date.  I think I told you December 9th and it should have been
December 2nd.  I hope that is still OK.  We are still looking for someone to
do the first one which is October 28th.  I think it would be great if someone
at your level could start it off to send a message.  However, I won't get
greedy  I will take what I can get (smile). Just let me know.

With respect to the straw man, I have worked on it but it is not complete.
Celeste was scheduled to be here this week but has been put on bed rest by
her doctor and has had to leave a week early.  I am trying to work with her
recruiters who are in the middle of campus presentations, etc.  I will finish
working on it this weekend and we can meet on Tuesday.  I will call Kay and
get on your schedule.   I will try to get you a draft prior to our meeting
(by Monday) so you can review it before hand.
Thanks Charlene

David W Delainey@ECT
10/04/2000 01:58 PM
To: Charlene Jackson/Corp/Enron@ENRON
cc:

Subject: Re: Participation in Super Saturday

Charlene, that will be fine... on a different note, where are you on the
straw man we spoke about.  Ultimately, I would like to continue to push this
with the leadership team.

Regards
Delainey


I forgot, I offered you Toomer and Garner for Terrell and Jackson - if you
still want to do that then that is fine - if not look at the deal below.
---------------------- Forwarded by Eric Bass/HOU/ECT on 09/29/2000 08:45 AM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           09/29/2000 08:39 AM

To: O'Neal D Winfree/HOU/ECT@ECT
cc:
Subject: Re; Trade

My deal on the other side fell through - so what do you think about Garner,
Toomer, and Schroeder for Terrell and Rice


Johnny-

Just checking in and seeing how you are doing.  As you can imagine, I have
been thinking about you alot and what kinda hell you must be in.  Keep your
head up!

Call me if you feel like it.  Hi to D and your wee ones.

-Bill

955 Esmeralda Avenue, #3
San Francisco, CA 94110
415-282-6298
billmcilwain@yahoo.com

_________________________________________________________
Do You Yahoo!?
Get your free @yahoo.com address at http://mail.yahoo.com


You're welcome.

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Wednesday, January 09, 2002 4:41 PM
To:	Trevino, Susan
Subject:	RE: Book request #B-JAN09-3-ST-7

Thanks

 -----Original Message-----
From: 	Trevino, Susan
Sent:	Wednesday, January 09, 2002 4:37 PM
To:	Johnson, Cheryl; Hare, Bill D.; Otegbola, Remi; Rodriguez, Bernice
Cc:	Wilson, Shona; Abel, Chris; Ayala, Susie; Keiser, Kam
Subject:	RE: Book request #B-JAN09-3-ST-7

Kam - Cheryl was able to use the short-name "PERFORMANCE".  Please disregard my e-mail.  I will notify you when they're set up in ERMS.

ST

 -----Original Message-----
From: 	Johnson, Cheryl
Sent:	Wednesday, January 09, 2002 4:32 PM
To:	Trevino, Susan; Hare, Bill D.; Otegbola, Remi; Rodriguez, Bernice
Cc:	Wilson, Shona; Abel, Chris; Ayala, Susie
Subject:	RE: Book request #B-JAN09-3-ST-7

The books have been created in GCP per your request.

CP ID 27914	PERFORMANCE
CP ID 166951	IM-PERFORMANCE
CP ID 166953	FT-PERFORMANCE

Let us know if you require anything further.

Cheryl x33103
 -----Original Message-----
From: 	Trevino, Susan
Sent:	Wednesday, January 09, 2002 3:56 PM
To:	Hare, Bill D.; Johnson, Cheryl; Otegbola, Remi; Rodriguez, Bernice
Cc:	Wilson, Shona; Abel, Chris; Ayala, Susie
Subject:	Book request #B-JAN09-3-ST-7

Please set up the books on the attached book request form and notify me when complete.  Contact me if you have any questions.

Thanks,
Susan
x3-1462

 << File: B-JAN09-3-ST-7.xls >>


Please include changes below.

 -----Original Message-----
From:  Walker, Chris
Sent: Wednesday, March 28, 2001 3:03 PM
To: Taylor, Mark
Cc: Puthigai, Savita
Subject: CAN Gas Straddle Option

Mark,

The Calgary office would like to offer a straddle option on EOL.  Greg
Johnston has created a draft of the language which I am attaching.  I'll call
to schedule a time to go over this.

CW
3-7533

CAN NG  FinStdle Opt  AECO ES5 May01  CAD/GJ

A financial Option Transaction with Enron Canada Corp., under which the
Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction. The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure. The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount for each Determination Period shall be the product of (a)
the Notional Quantity per Determination Period, multiplied by (b) the
absolute difference between the Strike Price and the Index.  The Option style
and type is a European Straddle Option. Automatic Exercise is Applicable.
The Strike Price for the Transaction shall be as set forth on the Website.
The Term of the Transaction shall correspond to the date(s) set forth on the
Website.
The Index for each Determination Period shall be the AECO Monthly Index,
where: AECO Monthly Index means the price in the Avg column published in the
table Canadian Natural Gas Supply Prices, in the Canadian Gas Price Reporter,
in the row for Alberta: AECO C & NIT One-Month Spot for the month in which
the applicable Determination Period occurs.
The Option Style and type shall be a European Straddle.
The price is quoted in Canadian Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be gigajoules and
the quantity shown shall be in GJs per day.