As I mentioned at the Mgmt meeting yesterday  8-9 MTM plus 5 million likely
13-14 million worst case. I have accrued this amount below the line at
present and will await further meetings before taking any other actions.
Because of our presence in Spain and our role with GM , Vitol ,Veba and KPC
are meeting with Chris this week as they would like us to continue to supply
to them in Spain. We would also like to do this as it continues to give us
the outlet we wanted when we entered the GM deal but with better partners. It
also allows us to make money while we sort through the GM situation.
---------------------- Forwarded by John L Nowlan/HOU/ECT on 01/23/2001 07:22
AM ---------------------------

Robert Quick
01/22/2001 12:33 PM
To: John L Nowlan/HOU/ECT@ECT
cc: Chris Mahoney/LON/ECT@ECT, Adam Nye/LON/ECT@ECT, Mark
Evans/Legal/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Ted Murphy/LON/ECT@ECT
Subject: GM - private and confidential - attorney/client privilege

---------------------- Forwarded by Robert Quick/LON/ECT on 22/01/2001 18:36
---------------------------

Robert Quick
22/01/2001 16:13
To: John L Nowlan/HOU/ECT@ECT
cc: Chris Mahoney/LON/ECT@ECT, Adam Nye/LON/ECT@ECT, Mark
Evans/Legal/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Ted Murphy/LON/ECT@ECT

Subject: GM

Chris, Adam and I met with the Spanish lawyers last Thursday night regarding
GM. We then met up with GM on the Friday.

Basically GM Petroleos (the main GM company) has entered into the Spanish
equivalent of U.S. Ch.11. We have still not seen a copy of the petition
presented to the Court, but this shd be forthcoming in the next day or so.
The idea behind the petition for suspension of payments is to help companies
that are facing liquidity problems. GM wd certainly fit that bill, although
it remains doubtful as to whether GM can claim that its assets exceed its
liabilities. The effect of the petition is to provide a moratorium on the
repayment of any unsecured creditors, and on any judgments which those
creditors obtain. The petition does not however prevent any preferred or
secured creditors from enforcing their debts (in the latter case, to the
extent of their security).

The judge to whom the petition is presented appoints 3 administrators. 2 are
appointed from a list of accountants that the court maintains, and the third
(also appointed by the court) is a representative of one of the top third of
the list of creditors.

Once the administrators are appointed, the financial control of GMP will be
their responsibility. They will authorize any future transactions, draw up
the definitive list of creditors, and examine the solvency or otherwise of
the company. In due course they will submit a report to the judge advising as
to whether the company is insolvent or not. If insolvent, the Court will
request that GMP provide a warranty for the difference between the amount
owed and the assets. If this is not met within 14 days, subsidiary
proceedings may be started to examine any personal liability of the
management.

Parallel with this, the administrators will be speaking to all the creditors
with a view to reaching an inter creditor arrangement on repayment of an
agreed level of debt. Even though secured creditors are not precluded in
enforcing their security during the suspension of payments procedure, it is
usual for them too to take part in these discussions.

The outside lawyers seemed to think that the amount contained in the petition
is equivalent to USD 85 million. We have no real idea how this is broken
down, but the following shd be a rough guide:

VAT authority - USD 25 million
Veba - USD 15 million
Enron - USD 5 million
Total - USD 3million
Bank debt - USD 22 million
? - balance USD15 million

The Spanish lawyers confirmed our suspicion that the mark to market exposure
may be difficult to prove as a debt. This exposure arises from the market
difference we agreed to sell Dec. shipments to GMP (which then cd not put up
the agreed purchase price to ensure delivery) and the current market price.
Chris can confirm what these losses are today. We wd have to sue on those
agreements (English arbitration), and then present to the administrators the
arbitration judgments. However, as the administrators report is usually ready
within 2-3months, I suspect that leaving aside any other factors there may be
a timing problem here.

The Spanish lawyers said that GMP Board may have some personal liability
issues. The Board is supposed to call a shareholders meeting if the company
is in financial difficulties. Moreover, if there has been stripping out of
assets from GMP, then those responsible may face criminal sanction

On the issue of preferences, it wd appear that Spanish law is somewhat
inconsistent. On the one hand there is old jurisprudence to the effect that
any and all transactions entered into by the debtor before its insolvency can
be challenged by the administrators, irrespective of whether those
transactions wd constitute a preference. On the other hand there is
jurisprudence of equivalent weight which states that this is not the case,
and that only preferences may be challenged. The Spanish lawyers were not
able to say which system wd apply in the current scenario, but their
insolvency lawyer made the following points:

there was no immediate threat from anyone against Enron or ECTRIC Spain. The
whole issue about preferences is not dealt with until the report by the
administrators is made to the judge. There is no chance of any nasty shocks
like injunctions on Arcos etc.
the payment to Enron of USD50 million at the same time as the VAT authorities
were not being paid shd not overly worry Enron at the moment, as such
payments are unlikely to be seen as a preference.
most companies (even those judged insolvent) end up being dissolved
voluntarily, probably as a result of the uncertainty of Spanish insolvency
law. If a voluntary arrangement is reached it is unlikely to provide for
anything but the most obvious preference (and the transfer of the strategic
oil from GM to ECTRIC Spain wd not fall within this category)
The VAT authorities (probably the main creditor) are not pro active in these
sorts of proceedings and tend to take a back seat

For what t is worth, GM made the following points:

GM's banks' inability to fund further prompted GMP management to make the
petition (this despite the fact that GM had previously assured Enron that the
GMP bank debt was minimal)
petition is for Pta 10 billion
GM lawyer said shd have made decision earlier to present the petition
GM lawyer also said that GMP had made what he called "third party financing"
of Pta 6 billion, and accepted my suggestion that the administrators wd be
asking for such funds back
GMP wd be willing to put up Don Antonio's assets to secure Enron's continuing
supplies to it (we have heard that many times before). Without such supplies
GM stated that GMP was insolvent. They were not able to provide a reason as
to why such assets cd not be pledged beforehand
GMP sees Enron as the "key", namely that the supplies if resumed wd trigger
the payment to GM of its outstanding receivables.
GM wants Enron to meet with the administrators next week.

It is early days but I wd suggest the following:

unlikely the old man's assets will be forthcoming
likley the company will go into insolvency
likley the creditors will reach a voluntary arrangement
therefore unlikely there will be any clawback of earlier payments/strategic
storage oil
equally, unlikely Enron will receive any recognition of its MTM debt

Chris, let me know if there is anything you wd like to add/clarify. otherwise
once we get the petition we will advise further. tks


For now, Kay and I both will be working on this. I learned this am that the desk has a power deal with City of Austin that is in default ( not involving the LCRA hedge), so it may be beneficial to think about some kind of global workout with the City involving the $$ owed, the 8% interest held by Sandhill and the obligations under the power deal. When I have some time to read the project documents, and you get your info, all three of us should meet to formulate a response to the City's letter.

 -----Original Message-----
From: 	Keenan, Jeffrey
Sent:	Wednesday, December 12, 2001 11:13 AM
To:	Zisman, Stuart
Cc:	Clark, Barton
Subject:	Austin Energy

Stuart:

Here is my shot at your memo.

I will have the accounting spreadsheet from Theresa Vox today.

Jeffrey

 << File: Sandhill Memo Keenans makup to Zisman.doc >>


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Attached are redlined drafts (in Word and WordPerfect) of the Hawaii I
and Hawaii II Trust Agreements marked against the previous version
circulated.
 - 266236.DOC
 - 266236.WPD
 - 265272.DOC
 - 265272.WPD


I am not sure.  I will check into it.

> -----Original Message-----
> From:	christie_kelly@patagonia.com@ENRON@EES  On Behalf Of
> christie_kelly@patagonia.com
> Sent:	Thursday, October 04, 2001 8:57 AM
> To:	Klemm, Aaron
> Subject:	RE: palm springs
>
> Aaron,,,,
>
> did your web folks run this by our legal and PR group?
>
> C.
>
> -----Original Message-----
> From: "Klemm Aaron" <Aaron.Klemm@enron.com> at INTERNET
> Sent: Wednesday, October 03, 2001 4:45 PM
> To: CHRISTIE_KELLY
> Subject: FW: palm springs
>
>
> > Christie:
> >
> > Here are some of the press releases concerning the operational date of
> the
> > wind facility mentioned in your contract.
> >
> > -----Original Message-----
> > From:     Richard Ring/ENRON@enronXgate@ENRON@EES
> > Sent:     Tuesday, October 02, 2001 12:49 PM
> > To:     Klemm, Aaron
> > Subject:     FW: palm springs
> >
> > Aaron,
> >
> > Here is the information that you requested on the Palm Springs
> facilities.
> > Let me know if you have any questions,
> >
> > Regards,
> >
> > Richard
> >
> >
> > -----Original Message-----
> > From: Bolton, Stacey
> > Sent: Tuesday, October 02, 2001 2:36 PM
> > To: Ring, Richard
> > Subject: palm springs
> >
> >
> >
> > http://www.wind.enron.com/NEWSROOM/casestudies/gp1.html
> > <http://www.wind.enron.com/NEWSROOM/casestudies/gp1.html>
> >
> >
> >  <<anabnr2.gif>>  <<Nature Bkgrd.jpg>>
>


Will the computer be considered as an income item for tax purposes?

Thanks.


I just heard from Matt Back in Assemblyman John Campbell's office.  Ken has
an appointment at 2:00 - 3:00 following the meeting with Hertzberg.

Jim Brulte is scheduled at 10:30  that morning, but they would only give me
30 minutes.  I am trying to schedule John Burton at 11:00 as they will be in
the same building.  I have left another message for David Cox's scheduler.

Governor Davis' office was incredulous that no one from Enron was attending
his meeting.  But, she said she would call me back to try to schedule
something.

Rosie


Steve:  I know you got involved with the group as a speaker so let me know if you want to continue getting the meeting notices.  Since Enron is a member, you and anyone else in your group is always welcome to attend.  I'll be sure to pass on any good info I pick up as I still have some options that are now seriously out of the money.  Take care.  Pat

--- "Harris, Steven" <Steven.Harris@ENRON.com>
> wrote:
>I will not be able to attend. Thanks.
>
>>  -----Original Message-----
>> From: 	Pat Scherzinger <scherzinger@fuel-energy.net>@ENRON=20=20
>> Sent:	Wednesday, October 10, 2001 1:16 PM
>> To:	Jim Abbott; Frank Afranji; Michelle Amicucci; Arya
>> Behbehani-Divers; Dave Bennett; Peter Blood; Doug Brawley; Ed Brewer;
>> John Bridges; Laurie Brown; Jan Caldwell; Philip Carter; Bob Clark;
>> Clark, Ed; Colin Coe; John Davis; Cynthia DesBrisay; Brad Dillion;
>> Laird Dyer; Caver Ealy; Kevin Finan; Michelle Gettinger; George Goben;
>> Steve Gross; Teresa Hagins; Scott Hannigan; Steve Harris; J Harrison;
>> Jane Harrison; David Hawkins; Denny Henderson; Hank Henrie; Marty
>> Howard; Pat Scherzinger
>> Subject:	PNW Gas Electric Integration Group Meeting - November 9
>>=20
>>=20
>> The Pacific Northwest Gas Electric Integration Group meeting
>> originally scheduled for September 14th, has been rescheduled for
>> Friday, November 9, 2001. The meeting location remains the same: The
>> Paramount Hotel in downtown Portland. The address and phone number are
>> listed below.  My thanks again go to Calpine Corporation who will
>> continue to serve as the host for the November meeting. Please ask for
>> their corporate rate of $109 when making room reservations.   The
>> meeting remains focused on new generation, with almost all the
>> speakers still available and willing to participate. The agenda now
>> includes an updated Supply/Demand Outlook for the WCSB, a timely topic
>> as we move into the winter heating season. The revised agenda is
>> attached. You will be advised of any further changes in the agenda.
>> Please let me know by November 1st if you plan on attending the
>> meeting so that Calpine will have an accurate count for lunch. I look
>> forward to seeing everyone on the 9th. If you have any questions
>> please feel free to give me a call at 503-705-2168. Thank you for your
>> patience in getting this meeting rescheduled.  Pat   The Paramount
>> Hotel  808 SW Taylor Street, Portland, OR 97205 (503) 223-9900 * FAX:
>> (503) 223-7900  Email: info@portlandparamount.com
>> www.portlandparamount.com
>> _____________________________________________________________ Visit
>> http://www.freeservers.com to get a Web site with a personalized
>> domain and Web-based email=20=09
>>=20
>>=20
>>  - Agenda 11-9.doc << File: Agenda 11-9.doc >>=20
>
>
>**********************************************************************
>This e-mail is the property of Enron Corp. and/or its relevant affiliate an=
>d may contain confidential and privileged material for the sole use of the =
>intended recipient (s). Any review, use, distribution or disclosure by othe=
>rs is strictly prohibited. If you are not the intended recipient (or author=
>ized to receive for the recipient), please contact the sender or reply to E=
>nron Corp. at enron.messaging.administration@enron.com and delete all copie=
>s 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 any=
>one as the basis of a contract by estoppel or otherwise. Thank you.=20
>**********************************************************************

_____________________________________________________________
Visit http://www.freeservers.com to get a Web site with a personalized domain and Web-based email


Kevin, we do not inter-office eTicket receipts.
Please make arrangements to have them picked up at the location listed below.

Thanks you,
Leticia Flores
X5-3774

 -----Original Message-----
From: 	Hyatt, Kevin
Sent:	Friday, March 01, 2002 10:15 AM
To:	Flores, Leticia
Subject:	RE: eTicket Receipt

pls forward eticket for Kevin Hyatt to ECN 1334.
thx

 -----Original Message-----
From: 	Flores, Leticia
Sent:	Friday, March 01, 2002 9:13 AM
To:	Hyatt, Kevin; Gehle Jr., William; Crump, Michael; Ruckle, Jason
Subject:	eTicket Receipt

This message is to inform you that your eTicket receipt is available for pick-up @ ECN 2733A, the desk of Leticia Flores.    Pickup time is between 8:30 am and 4:30 pm.

I realize that some of you may not be in the Houston office, so if you would like for me to mail the receipt to you please send me the address where you would like it delivered.

If you feel you have received this message in error feel free to contact me.

Thank You.
Corporate Travel

Johnny Ross
713-345-3640


Personnel and organizational information needs at Enron are diverse and
changing.  It is critical to the success of Enron that this information be
accurate and reliable.

Please take a minute of your time and go to PeopleFinder and check your
information. Look for incorrect Cost Centers, current positions, mailstops
numbers (ours is 3271), misspelled names or change of name, etc.... (Keep in
mind that PeopleFinder is linked to the PEP system therefore it is very
important that all your information be accurate for midyear and end of year
reviews.)

 If any changes need to be made please forward them to me.  Once we submit
the correct information,  HR will be notified in order for the changes to be
made into SAP and eventually into systems like PEP, Expertfinder, etc.  The
turnaround for these changes is 24 hours.

NOTE:  Assistants can make changes in PeopleFinder, but due to security
reasons we cannot make any changes in EHRonline.  Those changes can be made
only by you.

       Thanks in advance for your help,
                  Alex Saldana ext. 57389


Have our PR people seen this?

	Habiba Bayi@ENRON_DEVELOPMENT
	02/09/2001 12:16 PM

		 To: Jeffrey A Shankman/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT
		 cc:
		 Subject: Re: Envera Press Release For Your Approval

Thank you for your response.  Attached is the revised draft, please let me
know if it meets with your approval.

From: Jeffrey A Shankman@ECT on 02/09/2001 11:43 AM
To: Habiba Bayi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mike McConnell/HOU/ECT@ECT

Subject: Re: Envera Press Release For Your Approval

I'd like to leave out mention of our equity participation in the first and
third paragraphs, and reword the second paragraph to state that envera's
customers will have access to enron's products.  (leave out the qualifier
"many"  which I read as "partial")

	Habiba Bayi@ENRON_DEVELOPMENT
	02/09/2001 11:24 AM

		 To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT
		 cc:
		 Subject: Envera Press Release For Your Approval

Attached for your review and approval is the press release that Envera wishes
to issue immediately announcing the participation of Enron Global Markets as
an equity partner and trading member.  We already have sent it to John Nowlan
and John Viverito and secured their approval.  Please let me know your
comments.

Thank you.
Habiba


As a result of the creation of the Global Markets business in the last few
days, I would add the following persons to the attendee list for the ASE in
Dallas:

 Brent Price  VP Operations and CAO, Global Markets
 Tom Myers  Director of Accounting, Global Markets

Brent is in London this week, and will be on vacation the week of August 21.
With the demands of a new role, Brent will be best able to address the
feasibility of one or both of them attending.


You have received this email because you are listed as an alternate data approver. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000067954&Page=Approval to review and act upon this request.

Request ID          : 000000000067954
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Resource Name       : \\enehou\houston\common\Research - [Read/Write]
Resource Type       : Directory


Mike:

Attached are executed change orders. There was a very minor change to CO2 in
2.7 and a formatting change. I don't think you'll have an issue. Please
review and indicate your authorization for us to sign via return e-mail as
soon as possible. Thanks.

Ben

 - 26842m.tif

 - 26852m.tif


Thanks go to Sue Mara for putting much of this together.!!

 -----Original Message-----
From: 	Dernehl, Ginger
Sent:	Wednesday, August 01, 2001 12:43 PM
To:	Steffes, James D.; Nord, Sue; Montovano, Steve; Migden, Janine; Kaufman, Paul; Dadson, Aleck; Kingerski, Harry; Robertson, Linda; Yoho, Lisa; Ryall, Jean; Ibrahim, Amr; Linnell, Elizabeth
Cc:	Perez, Carmen; Bellas, Kirsten; Knight, Laurie; Tracy, Lysa; Assaf, Lisa; Buerger, Rubena; Sullivan, Lora; Warner, Geriann; Hunter, Bevin; Noske, Linda J.; Shapiro, Richard
Subject:	FW: REMINDER:     August Mtg re: Budgets/Priorities/Personnel (DUE)!!!!!
Importance:	High

FYI -----  The meeting on Friday, August 3 will take place in EB49C3.
 -----Original Message-----
From: 	Dernehl, Ginger
Sent:	Tuesday, July 31, 2001 12:40 PM
To:	Steffes, James D.; Nord, Sue; Montovano, Steve; Migden, Janine; Kaufman, Paul; Dadson, Aleck; Kingerski, Harry; Robertson, Linda; Yoho, Lisa; Ryall, Jean
Cc:	Perez, Carmen; Bellas, Kirsten; Knight, Laurie; Tracy, Lysa; Assaf, Lisa; Buerger, Rubena; Sullivan, Lora; Warner, Geriann; Hunter, Bevin; Noske, Linda J.; Shapiro, Richard
Subject:	REMINDER:     August Mtg re: Budgets/Priorities/Personnel (DUE)!!!!!
Importance:	High

Just a reminder that your budget/priorities/personnel information is due to Rick by COB tomorrow, Wednesday, August 1.

 -----Original Message-----
From: 	Dernehl, Ginger
Sent:	Friday, July 20, 2001 11:38 AM
To:	Steffes, James D.; Nord, Sue; Montovano, Steve; Migden, Janine; Kaufman, Paul; Dadson, Aleck; Kingerski, Harry; Robertson, Linda; Yoho, Lisa; Ryall, Jean
Cc:	Perez, Carmen; Bellas, Kirsten; Knight, Laurie; Tracy, Lysa; Assaf, Lisa; Buerger, Rubena; Sullivan, Lora; Warner, Geriann; Hunter, Bevin; Noske, Linda J.
Subject:	FW: August Mtg re: Budgets & Personnel
Importance:	High

It looks like the date of August 22 will no longer work.  Rick has received new budget dates and we need to hold this meeting earlier.  See below for new dates and let me how many of the dates will work for you.  Also, the rough draft information re: Proposed Budgets & Priorities that Rick requested will now be due on Wednesday, August 1st. (below are a few notes that I jotted down during the call)
______________________________________________________
Budgets - rough drafts of proposed budgets & priorities

Personnel Issues- firmly identify head count for upcoming year; are folks fully utilized; in the right place; is it better to move if not in the right place; do you need more; do we have our best people focused on the high priorities?
______________________________________________________

Please look at the dates below and let me know ASAP which one's are best for you.

Dates:
August 8, 9, 10, 14, 15, 16 & 17.

Thanks and please call if you have any questions.

Gngr
713-853-7751
 -----Original Message-----
From: 	Ginger Dernehl
Sent:	Tuesday, July 17, 2001 6:15 PM
To:	Sue Nord; Steve Montovano; Janine Migden; Paul Kaufman; Aleck Dadson; James D Steffes; Harry Kingerski; Linda Robertson; Lisa Yoho; Jean Ryall
Cc:	Carmen Perez; Kirsten Bellas; Laurie Knight; Lysa Tracy; Lisa Assaf; Linda J Noske; Buerger R; Lora Sullivan; Geriann Warner; bevin.hunter
Subject:	August Mtg re: Budgets & Personnel

Rick would like to hold a meeting next month to discuss the above subjects.  Please see the dates below and let me know which dates would work best with your schedules.  The meeting will be held from 10:00 AM - 4:00 PM.

Wednesday, August 8
Friday, August 10
Wednesday, August 15
Wednesday, August 22
Friday, August 24

Please get back with me ASAP with any/all dates that will work.

Thanks!

gngr
713-853-7751


David, nothing needed on your end at this time by Corporate Risk Management, other then receipt of vehicle information that I requested earlier in the week from Tony.  If this changes, we will let the litigators know, especially Bob Vote who oversees the Nepco matters for the Litigation Unit.  Thanks,

Rob Cole, Manager-Claims
Enron Corp. - Global Risk Markets
P.O. Box 1188 (77251-1188)
1400 Smith Street, EB2136F
Houston, Texas  77002
713-853-7739 (telephone)
713-646-2341 (facsimile)
Rob.Cole@Enron.com (email)
6:30a.m. - 4:00p.m. c.s.t. (hours)

 -----Original Message-----
From: 	Brownfeld, Gail
Sent:	Friday, October 26, 2001 12:33 PM
To:	Carter, Tracy; Sanders, Richard B.; Kisluk, Eileen; Lund, David; Vote, Robert; Cole, Rob
Subject:	RE: service of process/ Keiffer Request for Insurance Info

	That being the case, I'd ask that David confirm that he's OK with this course of action and that we (the litigators) don't need to be doing anything in connection with this at this time.

 -----Original Message-----
From: 	Carter, Tracy
Sent:	Friday, October 26, 2001 12:29 PM
To:	Brownfeld, Gail
Cc:	Sanders, Richard B.; Kisluk, Eileen; Lund, David; Vote, Robert; Cole, Rob
Subject:	RE: service of process/ Keiffer Request for Insurance Info

Gail,

Eileen is out of the office today; however, I have confirmed that Rob Cole of Corporate Risk Management is handling this matter directly with the insurance carrier, Travelers.  Risk Management is not, at this time, retaining the Litigation Unit to assist with the claim.  It is my understanding that an acknowledgement letter has been sent in response to the Keiffer letter and Rob Cole is working with NEPCO's safety director, Tony Blair-Softich, to obtain additional necessary information.

Please let us know if we can be of further assistance.

Tracy L. Carter
Senior Legal Assistant
Enron Litigation Unit
713-853-4899
tracy.carter@enron.com

 -----Original Message-----
From: 	Brownfeld, Gail
Sent:	Friday, October 26, 2001 11:31 AM
To:	Kisluk, Eileen; Lund, David
Cc:	Sanders, Richard B.
Subject:	RE: service of process/ Keiffer Request for Insurance Info

Eileen,
	I have reviewed the letter and, to the extent that this involves a personal injury/insurance issue, It sounds like it falls  within your area of responsibility.  Please confirm that this is correct and that your group will work with David and the folks at NEPCO to sort out what needs to be done to respond. It may be that the subject coverage is with NEPCO and there won't be much if anything for you to do.
	David, please confirm that you have received the referenced letter, let me know whether you have information about this fellow sufficient to identify the insurance information requested, and also let me know if I can do anything to assist.
	Thanks.

 -----Original Message-----
From: 	Sanders, Richard B.
Sent:	Friday, October 26, 2001 8:39 AM
To:	Brownfeld, Gail; Kisluk, Eileen; Lund, David
Subject:	FW: service of process

I have forwarded a copy of this letter to each of you.It involves a wrongful death claim. Gail-- please coordinate.

 -----Original Message-----
From: 	Stephens, Becky
Sent:	Tuesday, October 23, 2001 4:10 PM
To:	Sanders, Richard B.
Cc:	Guinn, Linda R.; Vote, Robert; Robichaux, Lisa
Subject:	service of process

The following original documents, received today, have been forwarded for your immediate attention:

Dennis Floyd Keiffer - DOL: 2/22/01.  LETTER DATED 10/16/01 RE UNDERINSURED MOTORIST CLAIM to Enron Corp. (NEPCO employee per Rob Cole) by regular mail on 10/22/01.

PLEASE ADVISE IF NOT RECEIVED WITHIN 1 BUSINESS DAY.

Thank you !!

Becky A. Stephens
Support Services Coordinator
Enron Litigation Unit, EB4809
713/853-5025
713/853-6576 (fax)
Becky.Stephens@enron.com


Mark:

I am the writer that is developing the online help guide for the EnronOnIine
system.  I work for Dave Forster.  Dave wanted to make sure that you have an
opportunity to review the online help guide before we go live.  My
understanding is that you have access to the test web.  The work in progress
help guide is on the website but is by no means a finished product; it
changes as screens and labels change.  Are you currently reviewing the online
help or do I need to advise you when it is considered final?  Please let me
know if you have a preferred way of reviewing this sort of thing. Thanks,

Laura J


What do you need from me?   Do you want me to meet with him?  talk to him on the phone?   go to lunch?    is he looking for a job?    As you can see, I don't have much information of the objective here.

 -----Original Message-----
From: 	"Baker, James+" <James.Baker@ubsw.com>@ENRON
Sent:	Monday, February 04, 2002 3:43 PM
To:	Presto, Kevin M.
Subject:	meeting with Erik Fabrikant

Kevin,

It looks like Tuesday morning will work best for Erik.  I am supposed to meet with him at 9:00 am Tuesday morning, but
am flexible if that time works for you.  Just let me know what time is ideal and I will schedule it with Erik.

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.


no-I wanted my machine to make a sound every time someone traded on EOL but
instead it's hooked up to my keyboard so that when I type the keyboard makes
sounds instead.


Hi all,

Just a friendly reminder to forward me names of those you'd like to place on
the ETC Action Teams if you haven't already done so.  Also, please remember
to specify whether you're placing someone on the Global team or the Corporate
team.

Attached are the meeting notes for your reference.

Thanks,
Kim Rizzi
x3-3833


Hello!

As many of you already know, I have left Gunderson Dettmer to pursue other
"non-legal" opportunities!!  I am joining an internet start-up (how unique)
as VP of Business Development.  Although the site hasn't launched yet, the
URL is iwanto.com.  I'll tell you all about it later when things settle down
a bit.

**MY EMAIL ADDRESS (csellers@gunder.com <mailto:csellers@gunder.com> ) WILL
NO LONGER BE ACTIVE STARTING NOVEMBER 8 (MONDAY)**

My email address for the next three weeks is camsell@pacbell.net
<mailto:camsell@pacbell.net> , but I leave for Cuba tomorrow and will not be
back until November 25th.

Starting on November 29th, my email address will be cameron@iwanto.com
<mailto:cameron@iwanto.com>

Other work info...

Iwanto.com, Inc.
1860 Embarcadero Road
Palo Alto, CA  94303

Main number (don't know direct dial yet):  (650) 858-1000

Hope you are all doing well,

Cameron


Michelle,
Please ammend contract # 25374 to include the month of February 2001.
Thanks,
Andrew Pacheco


Yes, the correct name does include "Inc." at the end. And yes, Steve Hall
said the master agreement works for this trade. He and Bob Ellery at Sierra
talked over the agreement and decided to use the name that Sierra Pacific
Holding Co. is doing business under. I've changed the deal (573679) in
EnPower. Please let me know if you turn up any more questions.

Thanks,
Kate

Melissa Ann Murphy
04/12/2001 06:52 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Request for New CTPY Name - Sierra Pacific Holding Co.

Hello, Sierra Pacific Industries, Inc. is a choice in Enpower.  Is this the
correct name with the "Inc." on it?  I am assuming that Steve Hall said it is
OK to use the master agreement for this trade.

Thanks,
Melissa

   Kate Symes                04/11/2001 07:38 PM

To: Samuel Schott/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Kimberly
Hundl/Corp/Enron@Enron
cc: Chris H Foster/HOU/ECT@ECT, Steve C Hall/PDX/ECT@ECT
Subject: Re: Request for New CTPY Name - Sierra Pacific Holding Co.

Regarding the deal Chris Foster did on 4/6 with Sierra Pacific Holding Co. -

Bob Ellery, Sierra's Director of Energy Resources, and Steve Hall, one of
Portland's most expeditious lawyers, have decided to execute the deal under
the designation Sierra Pacific Industries, which is also named in the master
agreement. We still, however, need this name added to the counterparty list
in EnPower.

Thank you all for your help on this, and I appreciate your future assistance
in getting this deal out of the "New Counterparty" void.

Kate Symes
Trading Support
503-464-7486


NEW CORPORATE PLAYER IN THE INDUSTRY AGAINST CYBER-TERRORISM   [IMAGE]  IMMEDIATE BUY RECOMMENDATION Initiating Research Coverage   Merilus Inc.    Symbol: MERH Shares Outstanding: 13.2 million Share Price: $1.90 Market Capitalization: $25 million 52 Week Hi/Low: $8.50/$0.45 Estimated Public Float: 2 million shares  Developed over the last four years, Merilus has recently started marketing the latest and most advanced computer security products targeted for small to medium businesses.   This market has been, and is projected to be, one of the fastest sectors in technology, largely unaffected by the current weakness in the market.      THE PROBLEM AND OPPORTUNITY A Computer Security Institute and FBI survey showed 90% of large organizations detected breaches into their computing systems.  74% of these organizations acknowledged financial losses.  Price Waterhouse estimated this loss to be about $40 billion last year.  The estimated number of computer attacks doubled last year according to the Emergency Response Team at Carnegie Mellon University.  International Data Corp. (IDC) predicts the compounded annual growth rates of digital security revenues will continue at over 88% per year over the next 5 years.    Merilus' products target small to medium businesses, a particularly fast growing segment of the overall security market, which has been underserved by the major security manufacturers.  IDC estimates the small to medium business percentage of the total internet security software market will increase from the current 43% to about 70% by 2004. In terms of dollars, this means companies with fewer than 1000 employees could spend about $7.4 billion on security in 2004.  We strongly feel Merilus is focusing on the right market, at the right time.   MERILUS SOLUTIONS Merilus' computer software and hardware products represent major innovations, which protect against computer information theft from hackers and others both outside and within the business.  Their recently introduced FireCards are the world's first network security system and firewall (controlling who can access what type of data) that easily inserts into the standard PCI slot inside the computer. It is a computer within the computer allowing for remote updating of new innovations and security measures to ensure sensitive data is protected as well as transmitted in a secure manner.   Industry reviews have given the new products high ratings.  Secure Computing Magazine gave the FireCard a five out of five star rating and The Tech Zone awarded a 9.5 out of 10 score.  NASA and Lockheed Martin are just a couple of the sophisticated organizations that have started using Merilus products.  Even though Merilus and its products are relatively new to the market place we feel they will also have good acceptance because they are extremely price competitive.  Management will strive to maintain its current 2:1 cost/feature ratio, where products are either half the price of competitors for the same functionality or twice the functionality for the same price.  Manufacturing of the products is contracted out to keep capital and inventory costs down and flexibility up.   THE ROLLOUT Over the summer, after rigorous testing in Compaq's labs, Merilus has become a member of the Compaq Solutions Alliance, allowing installation of products into Compaq computers. Merilus recently announced they have partnered with the three largest distributors in North America: Ingram Micro, Tech Data and EMJ.  Last week Merilus announced its Reseller Program, which provides marketing and technical support as well as substantial rebates to vendors selling Merilus' suite of computer security products.   MANAGEMENT Dana Epp, President of Merilus started writing commercial security monitoring software at the age of 14 and authored the book Computer Security Concepts, Managing Business Threats in a Wired World.  Merilus has attracted a number of credible and notable Board members such as John Connally, son of the former US Treasury Secretary, John Paul DeJoria, Chairman of John Paul Mitchell Systems.   FINANCIALS and PROJECTIONS Two companies established in this industry are SonicWall (SNWL) and Watchguard Technologies (WGRD).  Over the last couple of years these two companies have enjoyed approximately 100% annualized revenue growth.  Analyst's consensus (Thompson Financial) is that they will have sales growth next year of about 50% and 40%, respectively. Merilus is in the process of raising $3 million in a Private Placement to power its marketing initiatives, increase inventory and to strengthen its balance sheet.  Management and its financiers expect to close this needed funding before year-end. Currently the Company has minimal, but rapidly increasing revenues.    Management is estimating revenues of $8 million next year increasing to $34 million in 2003.  In 2003 they estimate achieving net income of roughly $4 million.  By 2003, we estimate the shares outstanding could increase to about 18 million.  If these numbers were met and a price to earnings ratio of 30 was applied, it could suggest a possible $6 share price.  Management's latest estimates are for revenues increasing to $93 million in 2004.  Merilus is little known in investment circles however an Investor Awareness Program is expected to start next week.   For more information see www.merilus.com and call Steve Clare, investor relations, at 866-623-3320.   Ben Johnson, Analyst First Securities Northwest, Inc. Member NASD and SIPC November 14, 2001 Mr. Johnson has been a Registered Representative and Analyst for NASD member firms for over 25 years.   Investing in Merilus, which is not yet profitable, is speculative and carries a high degree of risk.  The material contained herein is solely for informational purposes only and is neither an offer nor solicitation to buy or sell any securities.  The information is not guaranteed to be accurate and is not a complete statement or summary of the available data on Merilus, and there may be errors and omissions. First Securities Northwest and Ben Johnson own, and may buy and sell shares of Merilus from time to time. Forward looking-statements and comments contained herein within the meaning of provisions of the Securities Exchange Act of 1934, such as statements regarding business and financing, business trends, future revenues and profits, etc. contain no guarantee of future performance and that the actual results may differ materially.  There can be no assurances that any expectations will prove to be correct due to various risks and uncertainties.  First Securities' prior app! roval is needed for any distribution of this report.        Disclaimer: This is a paid advertisement from First Securities Northwest Research. The material contained in this report is being furnished solely for informational purposes. This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. The information contained herein is based on sources, which First Securities Northwest Research believes to be reliable, but is not guaranteed to be accurate, and does not purport to be a complete statement or summary of the available data. Any opinions expressed are subject to change without notice. The statements and opinions contained herein are not the statements and opinions of FreeRealTime.com, and FreeRealTime.com disclaims any liability for or arising from such statements and opinions.   This FRT Special Situation Alert has been sent to you courtesy of FreeRealTime.com. To be removed from the email distribution list for FRT Special Situations & Alerts, simply click the link below.  Click here to Unsubscribe   Advertisements and sponsorships are provided as a service to FreeRealTime.com's users. FreeRealTime.com is not responsible for their content, services or products.  * = estimated [IMAGE]


Tana-

Just wanted to follow up with you and see if you have found anything out.

Thanks. Julie
---------------------- Forwarded by Julie Brewer/NA/Enron on 03/14/2001 01:52
PM ---------------------------

	Enron North America Corp.

	From:  Julie Brewer                           03/09/2001 03:00 PM

To: Stephanie Panus/NA/Enron@Enron
cc:

Subject: EOL Deals

Stephanie-

There are two deals from yesterday involving Hess Energy Trading Company UK
Limited as agents for Hess Energy Trading Company LLC. Would this entity be
covered under the Master Agreement with Hess Energy Trading Company LLC.

Thanks. Julie


For your records.

Jeff, please re-sign and send us the sig page for EY2259.1


- Daily Notice - 12_26_01 EESI.doc


[IMAGE] [IMAGE]

    Dear  Amazon Customer,  As someone  who's purchased gifts in the past, you'll appreciate our new  Father's  Day Store --especially with June 17 coming up soon. Our wide selection  and super deals on electronics, tools and hardware, books, and more make  celebrating Dad easier than ever. (And as a dad myself, I'm all about  "easier.")  Whether  Dad's a backyard griller or a workshop driller--or somewhere in between,  like me--you'll find unique gift ideas, custom recommendations, and even  some handsome gift-wrap for that final touch. Or for the Dad who has  everything, give the gift of choice--send him a  gift  certificate  through the mail or with a fun e-card.  Celebrate  Dad this June 17, and check out our  Father's  Day Store  today--if he wants it, we've probably got it, and we've made  it easy for you to find it and get it to him, too.  Sincerely,  [IMAGE]  David  Risher Senior VP and Proud Daddy of Two Amazon.com     [IMAGE]     Special  Offers   ?  Free  Shipping onElectronics Specials  ?  20%  to 40% off Books  ?  Free  Shipping onTools & Hardware   Pick  by Price ?  Gifts  Under $25  ?  Gifts  Under $50  ?  Gifts  Under $100   Types  of Dad ?  Dad  Who Has It All  ?  Handy  Man  ?  Gadget  Guy  ?  Patio  Papa  ?  Gifts  for Grandpa      [IMAGE]   All Products Electronics Books ToolsMusic DVD VHS WirelessOutdoor Living Kitchen Software  Video Games Toys Outlet Auctions zShops        PS:  For more gift ideas for Dad, also check out our trusted partner  drugstore.com . You'll find  health and personal items--from cool shavers to soothing massagers--to keep  Dad looking and feeling great, and you'll get free shipping on your order  of $20 or more.

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Please note  that this e-mail was sent to the following address:  pmims@enron.com


One for our side

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 03/29/2001 09:57 AM -----

	"Beiser, Megan" <Megan.Beiser@edelman.com>
	03/29/2001 09:11 AM

		 To: "Aaron Thomas (E-mail) (E-mail)" <athomas@newenergy.com>, "Andrea Weller
(E-mail) (E-mail)" <aweller@sel.com>, "andrew Chau (E-mail) (E-mail)"
<anchau@shellus.com>, "Bill Chen (E-mail) (E-mail)" <bchen@newenergy.com>,
"Douglas Oglesby (E-mail) (E-mail)" <doao@chevron.com>, "Fairchild, Tracy"
<tracy.fairchild@edelman.com>, "Jeffrey Hanson (E-mail) (E-mail)"
<jeff.hanson@phaser.com>, "jennifer Chamberlin (E-mail) (E-mail)"
<jnnc@chevron.com>, "john Barthrop (E-mail) (E-mail)"
<jbarthrop@electric.com>, "John Leslie (E-mail) (E-mail)" <jleslie@luce.com>,
"Joseph Alamo (E-mail) (E-mail)" <jalamo@enron.com>, "Manuel, Erica"
<Erica.Manuel@edelman.com>, "'Michael Nelson' (E-mail)"
<mnelson@electric.com>, "Peter Bray (E-mail) (E-mail)" <pbray@newpower.com>,
"Rebecca Schlanert (E-mail) (E-mail)" <rschlanert@electric.com>, "Richard
Counihan (E-mail) (E-mail)" <rick.counihan@greenmountain.com>, "'Robert
Morgan' (E-mail)" <rmorgan@newenergy.com>, "Sue Mara (E-mail) (E-mail)"
<smara@enron.com>
		 cc:
		 Subject: Political Pulse article on Direct Access Coalition

>  <<Untitled.pdf>> Here's another hit for the Direct Access Coalition on
> the front page of Political Pulse.
>
> Megan Beiser
> Assistant Account Executive
> Edelman Public Relations Worldwide, Sacramento
> Phone: (916) 442-2331
> Fax: (916) 447-8509
>

 - Untitled.pdf


David

Can you look this over.
Thanks
----- Forwarded by Elizabeth Sager/HOU/ECT on 05/10/2000 03:01 PM -----

	Christi L Nicolay
	05/09/2000 02:55 PM

		 To: Elizabeth Sager/HOU/ECT@ECT
		 cc: Joe Hartsoe/Corp/Enron@Enron
		 Subject: Re: Draft Bylaws and Articles

Elizabeth -- EPMI or Enron SE Corp. will probably be members of this new
MAIN/MAPP organization.  Can you have some corporate type comment on these
attachments?  Thanks.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 05/09/2000
02:52 PM ---------------------------

Joe Hartsoe@ENRON
05/09/2000 02:47 PM
To: Christi L Nicolay/HOU/ECT@ECT, Dave Mangskau/Corp/Enron@ENRON
cc:
Subject: Re: Draft Bylaws and Articles

Christi -- yes if we will be a member.  Later JOe

Christi L Nicolay@ECT
05/09/2000 02:16 PM
To: Dave Mangskau/Corp/Enron@ENRON
cc: Joe Hartsoe/Corp/Enron@ENRON, Janine Migden/DUB/EES@EES@ENRON

Subject: Re: Draft Bylaws and Articles

I don't see anything glaringly wrong in these, but I am not a corporate
lawyer.  It seems to have section balanced voting at the committee level
(except that each member gets one vote at the "parent" level, section 6.5 --
how is balanced voting assurred there?)  Also, it takes one year to withdraw
(section 5.7)  It seems like the timing should be shorter, perhaps, 6
months.  ,I assume that MAPP and MAIN have hired corporate counsel to draft
these, but JOE do we need to have one of the Enron corporate lawyers look at
these?

Dave Mangskau@ENRON
05/08/2000 10:04 PM
To: Christi L Nicolay/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON
cc: Janine Migden/DUB/EES@EES
Subject: Draft Bylaws and Articles

Comments??
---------------------- Forwarded by Dave Mangskau/Corp/Enron on 05/08/2000
09:06 PM ---------------------------

jdmcgrane@MLB.COM on 05/08/2000 01:13:54 PM
To: ddietz@oppd.com, gc.pietsch@mapp.org, ssherner@mnpower.com
cc: bharbour@soyland.com, degrenn@nppd.com, dmangsk@enron.com,
dwestbro@hcpd.com, gkrause@oppd.com, James.M.Ashley@nspco.com,
javerweg@midamerican.com, jmfarrar@earthlink.net, rab@maininc.org,
rb.bulman@mapp.org, rharris@wapa.gov, rthilly@wppisys.org, thumann@bepc.com,
waggoner@sunflower.net

Subject: Draft Bylaws and Articles

attached is a draft of the bylaws and articles for the proposed RRO,
combining MAIN and MAPP; we have drafted it as a Delaware entity due
to the uncertainty as to where it will be located

John McGrane

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the personal and confidential use of the recipient(s) named above. This
message may be an attorney-client communication and as such is
privileged and confidential.  If the reader of this message is not the
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 - articles.wpd
 - BYLAWS.WPD


I am pleased to announce that Jim Reyes has joined the Volume Management
group.

Jim comes to us from the Finance Group at EBS here in Portland.  He will be
spending the next few weeks rotating throught each of the VM  chairs
and familiarizing himself with the responsibilities of those positions.

Please take a moment to stop by and welcome Jim to Enron North America.

Thanks,

Murray O'Neil


Last 30 day trade count, by 4:00 pm:

TRADE DATE	TRADE CNT
10/3/2001	5953
10/4/2001	6487
10/5/2001	5854
10/6/2001	17
10/7/2001	53
10/8/2001	5117
10/9/2001	5280
10/10/2001	6261
10/11/2001	5950
10/12/2001	6107
10/13/2001	16
10/14/2001	19
10/15/2001	5428
10/16/2001	7155
10/17/2001	7425
10/18/2001	7654
10/19/2001	7988
10/20/2001	4
10/21/2001	34
10/22/2001	7916
10/23/2001	8567
10/24/2001	8001
10/25/2001	8405
10/26/2001	6792
10/27/2001	12
10/28/2001	8
10/29/2001	7152
10/30/2001	5761
10/31/2001	7141
11/1/2001	6575
11/2/2001	5853

Last two weeks, by counterparty:


We'll have to put a master in place.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 11/10/99 12:18
PM ---------------------------

Lynn Aven@ENRON_DEVELOPMENT
11/10/99 07:30 AM
To: Sara Shackleton@ENRON_DEVELOPMENT, Bruce
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Re: US entity for booking NDF's in Southern Cone

Sounds like the NDF's will be booked to Enron South America LLC beginning
Novmeber 15, 1999.

Lynn
---------------------- Forwarded by Lynn Aven/ENRON_DEVELOPMENT on 11/10/99
07:32 AM ---------------------------

Carolyn Barrett
11/09/99 07:23 PM
To: Lynn Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Allen W Ueckert/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: US entity for booking NDF's in Southern Cone

Lynn,

From a cash perspective, we are going to start having wires, invoices etc.
paid on behalf of the LLC beginning on November 15 so that we can minimize
the activity on Enron International Inc. (1U9).

Carolyn Barrett

Lynn Aven
11/09/99 03:56 PM
To: Allen W Ueckert/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carolyn
Barrett/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: US entity for booking NDF's in Southern Cone

I am getting calls again from people asking me whetehr to book the NDF's in
Enron International or ESA.  As I had mentioned, I am indifferent from a tax
perspective but did not know whether you were ready from an accounting
perspective to switch these transactions to ESA.  Where do we stand on this
issue?

Lynn


Sevil,

Thanks for the card. It's a pleasure and privilege to work with you.

Vince


How are things in Denver?  I haven't heard from you in a while and I thought
I would drop you a line.  I have the picture of all of us from that mexican
food restaurant off of Westheimer under my mouse pad and I was thinking about
you.

How are the wedding plans going?  Good I hope.  Have you adjusted to the new
living situation?  It can be tough at first, but as long as you are patient,
everything works out.  That was probably the most difficult thign for us.

Have you been keeping up with the Astros?  They look absolutely horrible.
They blew another 7 run lead last night.  At least the stadium is really
nice, otherwise I would be very dissappointed that I got tickets.  I hope
your parents are still enjoying the seats.

Talk to you soon.
PL


My comments are marked on the attached.

	Andrew Wilson@ENRON
	11/07/2000 02:40 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Re: Steel Financial Swap Term Sheet Question

Tom,
I have talked with Rodney Malcolm and several originators and they need two
financial swap term sheets, one for Enron paying fixed and one for Enron
paying floating. To this end, I have revised our generic document and created
two new documents. Could you review each of these, and if they meet with your
approval, please forward them back to me. Thanks.
--Andrew


What was going on in Feb?

D

Clem Cernosek
12/11/2000 04:27 PM
To: Daren J Farmer/HOU/ECT@ECT
cc: Aimee Lannou/HOU/ECT@ECT
Subject: HPL Meter #980074 Bammel HPL D/P to Transco

Daren

During the period of 1/1/99 to 9/30/2000, the above meter has recorded flow
on the following days:

   Days   Mmbtus

 11/12/99            (58)
 12/23/99          (133)
 2/1/00           (463)
 2/2/00           (463)
 2/3/00              (463)
 2/4/00           (463)
 2/5/00           (463)
 2/6/00           (463)
 2/7/00           (463)
 2/8/00           (463)
 2/9/00           (463)
 2/10/00           (463)
 2/11/00           (463)
 2/12/00           (463)
 2/13/00           (463)
 2/14/00                          (463)
 2/15/00           (464)
 2/16/00           (463)
 2/17/00           (463)
 2/18/00           (463)
 2/19/00           (463)
 2/20/00           (463)
 2/21/00           (463)
 2/22/00           (463)
 2/23/00           (463)
 2/24/00           (463)
 2/25/00           (463)
 2/26/00           (463)
 2/27/00           (463)
 2/28/00           (463)
 2/29/00           (464)
 6/28/00               78
 9/14/00                 499

        (13,043)

Currently, these volumes are being booked to HPL Strangers Gas Contract.
Logistics needs approval to writeoff these volumes to Unaccounted for Gas.
If you have any questions, please contact Aimee Lannou @ X-30506.

Thanks,  Clem

PS:

               APPROVAL to Writeoff the volumes to Unaccounted for Gas


Yesterday, Logistics, Volume Management and the CGAS Trader met to discuss
pathing arrangements for the CES Storage deal.

 C R I T I C AL   I N F O R M A T I O N   F O R   V O L U M E   M A N A G E M
E N T
  * All Storage Account Balances for contracts 67713, 51407 and 39607 should
not be valued as an ENA asset
   - The storage inventory is CES's inventory and NOT owned by ENA.
   - The storage inventory on contracts 67713, 51407 and 39607 should NOT be
part of the UA4 calculation
   - Fuel associated with storage injection should be part of
  * The "Select Point" feature will be used to create the sale to CES in
storage.  This pathing process will allow deal
     to be settled.
   -The "Point" balances should NOT be part of the UA4 calculation

Logistics is in the process of correcting pathing arrangements for the
injection season to match the schematic as provided below.  Once this is
completed, Volume Management can complete the actualization process.

Logistics did make part of the corrections needed for the withdrawal season,
to allow actualization on the storage contract; yet did not redo the
transportation piece.   Due to this, the pipeline is not in balance.

Logistics would like to meet with Volume Management and discuss this clean up
process.  I will try to set up a meeting for next week (Anastas, Kelly,
Lamadrid, Collins, Fuller, Superty & me).   How does Wednesday afternoon
(9/20/00 at 2 p.m.) look for you guys?

Please get with me if you have any questions.  If you could also please
forward to anyone I may have excluded from this email.

Thanks,

dg

Pathing arrangements for CES Storage deals should be created following the
schematics below.


I thought I was very clear that we are not publishing anything internally
about California gas prices.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 12/14/2000
11:46 AM ---------------------------

Jennifer Walker
12/14/2000 11:13 AM
To: John J Lavorato/Corp/Enron@Enron
cc:

Subject: DRAFT eBiz ARTICLE--CA Gas Prices

John:
Per Eric Thode's voice mail, attached is the DRAFT of the eBiz article
regarding gas prices in California. Please review and give me a call or an
email with your comments.

Thanks for your time--we really appreciate it.
Jennifer Walker
Public Relations
x3-9964


Louise:

My responses:

1. The carrying costs have been capitalized, and under the accounting rules will continue to be capitalized through the last payment date under the turbine contract.

2. At this time, the turbine value is undetermined. While we have identified one potential counterparty (Montana Power), we do not have a signed deal. In addition, we are in the middle of a contract dispute with Westinghouse regarding the damaged generator. While we hope to resolve this dispute in the context of our exiting the turbine position, there exists the potential of this going into litigation.

3. Janet and I proposed the deal I discussed with you to CALME in December, but never got a formal response. I have put in several calls to Elio Tortolero at CALME, but have not heard from him for about a month. He advised me at that time that he would get me a counter proposal. My group has had de facto management responsibility for the unit since December.

4. This unit was initially an ENA unit, but was taken by CALME (David Haug) I believe in December '99 for projects they were considering. I am not aware of the terms of that transfer.

FYI, I have attached a payment schedule for the turbine.

Please let me know if you have any other questions. Also, I have attached an updated site bank map which includes our Texas site which was inadvertently left off the previous e-mail.

Regards,

Ben

Louise Kitchen
03/28/2001 08:56 AM
To:	Ben Jacoby/HOU/ECT@ECT
cc:
Subject:

This was the response from Jim - if you have all the answers already - please give me a ring - otherwise can you pull the answers together and then give me a ring.

Thanks

Louise

Louise:

I need to know two things: (1) Have the carrying costs been expensed through Jan. 1 and (2) Is there commercial value to the turbine?  If there is value to the turbine, then I really don't understand allocating costs to a business unit that doesn't own the turbine in order to create the illusion of a profitable transaction.  I also need to know on what basis and against what agreement CALME agreed to bear the carrying costs.  The project it supposedly related to has been dead for several years.

Jim


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 05/19/2000
10:46 AM ---------------------------

	From:  Jeffrey A Shankman                           05/18/2000 06:27 PM

To: Phillip K Allen/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, Mike
Grigsby/HOU/ECT@ECT
cc:
Subject: Large Deal Alert

---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 05/18/2000
08:23 PM ---------------------------

Bruce Sukaly@ENRON
05/18/2000 08:20 AM
To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron, Jeffrey A
Shankman/HOU/ECT@ECT
cc:
Subject: Large Deal Alert

To make a long story short.

Williams is long 4000MW of tolling in SP15 (SoCal )  for 20 years (I know I
did the deal)
on Tuesday afternoon, Williams sold 1000 MW to Merrill Lynch for the
remaining life (now 18 years)

Merrill is short fixed price gas at So Cal border  up to 250,000MMBtu a day
and long SP15 power (1000 MW) a day.

heat rate 10,500  SoCal Border plus $0.50.

I'm not sure if MRL has just brokered this deal or is warehousing it.

For what its worth........


Hi Vince!!

I'll take care of the invitations and I am planning to be at the concert on
Saturday!

Thanks!!

--Christie.
---------------------- Forwarded by Christie Patrick/HOU/ECT on 05/01/2001
09:14 PM ---------------------------

Vince J Kaminski
05/01/2001 04:55 PM
To: Christie Patrick/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Kenneth Parkhill/NA/Enron@ENRON, Shirley
Crenshaw/HOU/ECT@ECT, Melinda McCarty/Corp/Enron@Enron

Subject: ALP presentation

Christie,

Shirley reserved room 49C1 for Monday 4:00 p.m.  presentation.

Can you  issue the formal invitation to our guests with the game/dinner
details? I don't have all the details regarding the Enron Field
box and time. I am out most of the day on Wednesday but we can
discuss the details on Thursday.

Hope to see you on Saturday at  the concert.

Vince


Attached hereto is a draft of the above-referenced memorandum.

Regards,

Brian A. Bradshaw
Skadden, Arps, Slate, Meagher & Flom LLP
1600 Smith, Suite 4400
Houston, Texas  77002
713-655-5100 (main)
713-655-5141 (direct)
713-655-5181 (fax)
bbradsha@skadden.com

------------------------------------------------------
This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(212) 735-3000 and permanently delete the original and any copy of any e-mail
and any printout thereof.

Further information about the firm, a list of the Partners and their
professional qualifications will be provided upon request.

 - 41370_1.doc


Effective February 1, 2001 Duke Energy Field Services (DEFS) will begin
operating TECO Pipeline under the name Duke Energy Guadalupe Pipeline Inc.
We are attempting to make this transition as seamless as possible with a
minimum of changes.

The only meter number change will be at the El Paso Field Services Waha
header.   In the past shippers have nominated at 00501723 whereas starting
February 1st you will nominate at 8000007.

For the time being, use the same nomination form you have used in the past.
Be sure to include both upstream and downstream contract numbers on your
this form.  Attached is a file which will list, with a description, all the
meters on the Duke Energy Guadalupe Pipeline.

Operational contacts are as follows:

Eileen Ponton - Senior Representative  Marketing Operations  (Responsible
for Daily Business)
Office nbr:  713-627-6206
Pager:        800-976-2802
Fax:             713-627-6273

Donna Spencer - Manager Marketing Operations  (will back up Eileen)
Office Nbr:  713-627-6224
Fax:               713-627-6273

Gas Control:  888-204-1781 (staffed 24 hours/day, 7 days/week)

Attached is a list of all contacts for the Duke Energy Guadalupe Pipeline.

Please remember February 1st noms are to be faxed to DEFS, ATTN: Guadalupe
Pipeline, at 713-627-6273.  If I can be of any further help, please do not
hesitate to call me.

(See attached file: Shipper Meter List.xls)
(See attached file: DEGP CONTACT LIST.doc)
 - Shipper Meter List.xls
 - DEGP CONTACT LIST.doc


Ed,

I shall be available on both days. What about Wednesday,
July 12, between 1:30 and 4:00. Please, let me know
what time would work for you.

It will be nice to see you again.

Vince

P.S. By the way, did you have a chance to take a look at the EOL?

"Edward Krapels" <ekrapels@esaibos.com> on 06/28/2000 02:49:41 PM
Please respond to ekrapels@esaibos.com
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Next visit to Houston

Dear Vince,

I will be returning to Houston during the  week of July 10.

ESAI and Weather Services International have launched -- after more than 18
months of R&D --  our service, called Energycast Power Trader and Energycast
Gas Trader, for power traders in Nepool and PJM. I would be happy to review
the service with you as well as take you on a tour of our web site. Are you
available on July 12 - 13?

Sincerely,

Ed Krapels

 - 61900_WSIESAI_Energycast.doc


- kick~1.mpe


Same thing as yesterday.  I requested a wire in the amount of 244.20 (2000 dth x $.1221 per dth) which is for gas flow on ENA's IT contract #2891 on 2/6/02.  I negotiated this deal with Michelle in the bid room.  You should have received this yesterday afternoon.

Thanks
chris

 -----Original Message-----
From: 	Germany, Chris
Sent:	Monday, February 04, 2002 2:05 PM
To:	'ted.chavez@ElPaso.com'
Cc:	'Bob.Fleming@ElPaso.com'
Subject:	Prepay for Tennessee Gas Pipeline

Ted, thanks for your help on the account number.  I have requested a wire in the amount of $244.20 (2000 dth x $.1221 per dth) which is for gas flow on ENA's IT contract #2891 on 2/5/02.  This is a negotiated IT deal that I did with Bob Fleming in the Bid Room.

Please call me at 713-853-4743 if you have any questions.

Thanks
chris


Gerald,

In response to your request to itemize effects to Wildhorse of moving the
Entrada gas from San Arroyo to the BWGP, I put together the attached list.
Audrey and I had a chance to review this yesterday (in untyped form), and
you may want to visit with her as well.  Audrey also took back some maps
yesterday that show the "Mesa" pipeline and may be helpful in visualizing
the gathering system and the issues.  Please reveiw and let's discuss.

Also, Joan asked another question (left on my voicemail).   I think this
question may be from Scott - " Has Wildhorse been indicating that we can
flow to NWPL in the past?  What is the history here?  May answer is as
follows:

As far as the Entrada Gas, we have always discussed taking it to NWPL - and
only NWPL.  Included in the Open Season Offering NG Resources made with
Wildhorse, we allowed IGI (a company that holds firm capacity on NWPL) to
include a gas purchasing proposal for this gas.  We really never discussed
the Dakota gas delivery to NWPL until June/July.   We could not change the
nominations until October due to the long term gas sales contract assigned
to us in the Enogex acquisition.  We were under the impression that the long
term contract was the only reason that Enogex was not selling gas on NWPL.
(Wildhorse changed directions of flow along the old Mesa line in spring of
1988.  See note 2. in the attached word document.

I will call you later today to discuss further.

Ken Krisa

 - Wildhorse - affects.doc


Due to the absence of any large consumer presence in the GRC, I had asked
Phyllis if we might be able to encourage the MEUG group to do something to
support the proposed decision (ie. letter to the Commission, meetings w/ the
Commissioners, press) saying high rates are bad.  I've put together a
summary, which is a first draft and wordy, but would appreciate comments on
making it snappy.  This is for internal distribution and comment at this
point.  Let me know your thoughts asap.  Thanks.


I don't  we're ready.  could call at some point so we can discuss?
415.782.7822.


Hello, for future notices Jeff Sorenson is not in my group and does not work
with us.  They don't pass documents on to our group.  If their is a way that
you all can tell if a particular document is related to power and can send me
a copy if it is related to power that would be great.  There was an agreement
with Puget Sound (an intermediate agreement until we get an ISDA signed) that
was given to Jeff Sorenson's group and I never knew it existed.  Therefore I
sent a confirm out incorrectly.
Could you possibly ask one of the runners to bring me a copy of this
assignment?  My location is 3116a.  I would appreciate it.

Thanks alot,
Melissa
3-1886

From: Tana Jones on 08/29/2000 10:08 AM
To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Re: Assignment/Merchant Energy Group of the Americas, Inc.

The list of trades was attached to the assignment.  Jeff Sorenson should have
a copy down there.

	Melissa Ann Murphy
	08/29/2000 09:38 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Assignment/Merchant Energy Group of the Americas, Inc.

I handle power financial transactions.  I wanted to make sure none of the
deals assigned are power financial trades.

Thanks,
Melissa
3-1886

From: Tana Jones on 08/29/2000 09:12 AM
To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Re: Assignment/Merchant Energy Group of the Americas, Inc.

My assignment related only to financial transactions.  So it would not be
power deals.

	Melissa Ann Murphy
	08/29/2000 09:04 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Assignment/Merchant Energy Group of the Americas, Inc.

Hello, please let me know if any of these deals are power deals.  We may need
to change them in the power system (Enpower).  Thank you,
Melissa

From: Tana Jones on 08/15/2000 05:23 PM
To: Bob Bowen/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT, Laurel
Adams/HOU/ECT@ECT, Andrea R Guillen/HOU/ECT@ECT, Willie Harrell/HOU/ECT@ECT,
Larry Joe Hunter/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Chris
Walker/HOU/ECT@ECT, David P Dupre/HOU/ECT@ECT, Pamela Sonnier/HOU/ECT@ECT,
Jarrod Cyprow/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Gordon
Heaney/Corp/Enron@ENRON, Souad Mahmassani/Corp/Enron@ENRON, William S
Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Rod
Nelson/LON/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, John Suttle/HOU/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Veronica
Espinoza/Corp/Enron@ENRON, Paul Radous/Corp/Enron@ENRON, Wendi
LeBrocq/Corp/Enron@Enron, Brad Schneider/Corp/Enron@Enron, Brent
Hendry/NA/Enron@Enron, Sara Shackleton/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, Mary Solmonson/HOU/ECT@ECT, Marilyn
Colbert/HOU/ECT@ECT, Diane Ellstrom/HOU/ECT@ECT, Lynn E Shivers/HOU/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, Bridgette
Anderson/Corp/Enron@ENRON
cc:
Subject: Assignment/Merchant Energy Group of the Americas, Inc.

We have received the following executed documents:

Consent to Assignment dated as of June 12, 2000 between Merchant Energy Group
of the Americas, Inc. ("MEGA") and ENA, wherein MEGA assigned to Morgan
Stanley Capital Group, Inc.  its interest in certain financial transactions
it had entered into with ENA; and

Amendment to Consent to Assignment dated as of June 13, 2000 wherein  MEGA,
ENA and Morgan Stanley agreed that the Transactions assigned in the above
Agreement will be governed by the ISDA Master Agreement between ENA and
Morgan Stanley.

Copies will be distributed.


Forecast Brighter but Electricity Price Soars
Utility: Northwest sends more power to California, but disruption from Utah
prompts Stage 2 alert.
By NANCY RIVERA BROOKS, Times Staff Writer
Los Angeles Times - Wednesday, December 13, 2000

?????Day 9 of California's electricity emergency promised an improving supply
picture both within the state and through more imports from the Pacific
Northwest, which on Tuesday continued to dodge the expected hit from an
Arctic cold front.
?????But a disruption in supplies from Utah late in the day ended up pushing
California's power grid into a Stage 2 emergency.
?????Meanwhile, California electricity prices continued to set records, a
growing toll that consumer advocates worry will eventually come out of
customers' pockets.
?????"This is extraordinary," said Doug Heller, consumer advocate with the
Foundation for Taxpayer and Consumer Rights in Santa Monica. "This is the
harbinger of a recession to come."
?????The average price of electricity sold Tuesday on the California Power
Exchange for use today was $1,182.02 per megawatt-hour. Each day since a
price cap of $250 per megawatt-hour was loosened Friday, a new record has
been reached in the state's primary market for electricity.
?????If that price were sustained for a month and consumers were no longer
protected by the current rate freeze, the average monthly residential bill
would jump to $620, Heller said. In December 1999, when wholesale prices were
about $30 per megawatt-hour, the average residential bill for a Southern
California Edison customer was $50.
?????The so-called soft price cap, which requires power generators to detail
the costs behind the price bid, is like one proposed by the Federal Energy
Regulatory Commission, said Kellan Fluckiger, chief operating officer for the
California Independent System Operator, which balances electricity supply and
demand on the power grid serving 75% of the state. The move was intended to
keep electricity from fleeing the state for higher prices elsewhere in the
region and to help Cal-ISO run a more orderly market, he said.
?????It is too early to tell whether the first aim was successful, Fluckiger
said, but he added that the new cap has made life more predictable at
Cal-ISO, where last week dozens of operators were making frantic last-minute
calls to fill gaps in the energy supply to ward off blackouts. Those
operators now can devote more time to running the grid.
?????Electricity demand in California peaked at slightly more than 33,000
megawatts Tuesday; about 8,500 megawatts of in-state power remained
unavailable because power plants were undergoing maintenance. Electricity
reserves fell to less than 5% late in the day when some power facilities in
Utah suddenly tripped offline, cutting imports from the Southwest by 1,200
megawatts. Cal-ISO then declared its 30th Stage 2 alert of the year.
?????Customers of the Los Angeles Department of Water and Power are
unaffected by the power emergencies. In fact, the city-owned utility just
brought two idled plants back online to help supply the Cal-ISO grid, selling
nearly 300 megawatts Tuesday at cost, said General Manager S. David Freeman.
?????"We're doing our best to be a good neighbor," he said.
?????Cal-ISO had hoped to avoid declaring a Stage 2 emergency, which often
requires power interruptions to some big electricity users, but a bigger
supply from the Pacific Northwest kept the more serious emergency at bay for
most of the day. The most serious of all, a Stage 3 emergency, was declared
Thursday, when the grid was within 1.5% of running out of power, but the
state narrowly averted rolling blackouts.
?????The expected Arctic cold front, which had Pacific Northwest utilities
warning of the possibility of the region's first-ever Stage 2 emergency,
"wimped out on us," said Ed Mosey, spokesman for the Bonneville Power
Administration, which markets power from several federal dams. Temperatures
were close to normal in parts of the region, and "we're at Stage Nothing
now," Mosey said.
?????The outlook improves for later in the week because some power plants
that were offline should be repaired, returning as much as 1,500 megawatts of
electricity in the state, Fluckiger of Cal-ISO said. One megawatt is enough
to power about 1,000 homes.
?????In the last few days, several power plants that had reached their
air-pollution limits, particularly in Southern California, were returned to
operation through agreements with the South Coast Air Quality Management
District.
?????As a result, Southern California has excess power, but it can't send it
to electron-starved Northern California because of constraints on the key
transmission link between the halves of the state, Fluckiger said.
?????
* * *


Neil has been asking around.  Can't get anyone at Enron to think that far ahead.  I hate doing this, but I owe it to Michael, since I really want to keep him in private school. We've already eliminated his speech therapy.  Geez, I sound pathetic.

Kay

--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Buy 50 May, 2001 NYMEX Contracts @ $5.02
Sell 50 May, 2001 NYMEX Contracts @ $ 5.12
Sell 12 May, 2001 NYMEX Contracts @ $5.145

I  confirmed that your FAX # has been changed to 713-334-8333


Thus, J.P. Morgan is in the process of preparing the revised & final version
of the Agreement.  They anticipate having it ready for our final review and
execution next week.  I'll call them next week to make sure they are
following through.

Aneela, if you do not hear from me by then, give me a call.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693


[IMAGE] Forums Discuss these points in the Forums:  Forexnews Forum       Technicals Live Charts Analysis available from: Cornelius Luca   J.P. Chorek   Technical Research Ltd.   Charts & News featuring Standard & Poor's       Interest Rates   US: Japan: Eurozone: UK: Switzerland:   1.75%  0.15%  3.25%  4.0%  1.25-2.25%       [IMAGE] 	 [IMAGE]  Japanese Forex Trading Preview  December 30, 7:00 PM: EUR/$..0.8841 $/JPY..131.32 GBP/$..1.4498 $/CHF..1.6738  Japanese Forex Trading Preview by Stacey Yang  No key data.  The dollar remains weaker against the European currencies in thin trading ahead of the New Year's holiday and in the absence of key economic data. Despite better-than-expected US consumer confidence, home sales and jobless claims released on Friday, the dollar fell due to profit-taking. The Conference Board Confidence Index rose unexpectedly for the first time in 5 months to 93.7 in December from the previous 84.9, as did the consumer expectations index, which soared to 91.5 from 77.3. Both the headline and forward-looking figures suggest that US consumer confidence, which had been undermined by the terrorist attacks and the slowing economy, has bottomed and will lead the way to a recovery by inspiring consumer spending next year.     Furthermore, the rise in US jobless claims to 392k was also a positive signal for the US economy, since it was smaller than the 400k rise that economists had projected. Not only did last week's jobless claims undershoot estimates for the fourth straight time, but also it marked the seventh time out of the last eight weeks for which it remained below the key 400k figure. Recall that jobless claims had surged above 500k in the aftermath of the September 11 attacks that halted business activity, and thus the retreat in the jobless claims bodes well for both consumer sentiment and the dollar.    In addition, other favorable signs were seen in the 0.6% rise in existing home sales to 5.2 mln units for November. Despite the easing pace of home sales, the housing sector continues to reflect considerable strength amidst an economic contraction. Also indicative of a bottoming in the heretofore ailing manufacturing sector was the modest improvement in the Chicago PMI to 41.4 in December vs. the previous 41.1.   The euro is trading around .8841 against the dollar, overcoming what should have been dollar-supportive data to regain lost ground after the overnight release of Eurozone M3 for November which surged above and beyond the ECB's 4.5% target to 8.0% y/y in October from the previous 7.4%. The 3-month moving average also climbed to 7.4% from 6.7%, thwarting market hopes for another rate cut by the European Central Bank in the near future.   The Japanese currency is trading around 131.32 against the dollar, stronger because of dollar weakness rather than because of inherent fundamental strength. The yen continues to be mired by pessimism about Japan's deflationary spiral, as well as the rise in Japanese unemployment to a record high of 5.5% in November.   Key economic indicators due from the US this week include the ISM (formerly known as NAPM), jobless claims, construction spending, labor market report and ISM non-manufacturing (formerly NAPM). Highlights from the Eurozone consist of Euroarea PMI, German PMI, French PMI, Spanish Unemployment, ECB rate announcement and press conference, French INSEE Household survey, Italian CPI, Euroarea Business and Consumer Confidence survey, Euroarea unemployment, HICP, Eurozone Services PMI, German Services PMI, French Services PMI and Italian Services PMI.  	[IMAGE] Audio Mkt. Analysis USD Ignores Rise in Consumer Confidence Index       Articles & Ideas  A Look Back at 2001, Forex Themes for 2002   2002: Euro Deja Vu?       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE]
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Has this agreement been executed?  If so,  I need a copy of the original and
one original should be sent to the file room.

Thanks!

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


Just in case you were interested.  Here is some of the correspondence that is
going on.
---------------------- Forwarded by Eric Bass/HOU/ECT on 07/11/2000 03:35 PM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           07/11/2000 11:32 AM

To: Jason.Bass2@COMPAQ.com, Phillip M Love/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, lqcolombo@aol.com, Michael
Walters/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Harry Bucalo/HOU/ECT@ECT,
Gary W Lamphier/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, Hector
Campos/HOU/ECT@ECT
cc:
Subject: Draft

Last year we played with a mandatory Tight End.  Do you want to continue this
and thus start 1 QB, 2 RBs, 3WRs, 1 TE, 1 K, 1 Def?

Also,  I need to know if you would prefer to determine the draft order prior
to the draft.  I would prefer to do this b/c it gives the opportunity to plan
and trade your picks.

Let me know.

Eric


Batch, Charlie DET QB
Garner, Charlie OAK RB
Staley, Duce PHI RB
Franks, Bubba GBP TE
Jurevicius, Joe NYG WR
Pinkston, Todd PHI WR
Carney, John NOS PK
Dolphins, Miami MIA TM
Submitted Tue Nov 20 12:06:16 p.m. CDT 2001

Natural Gas Gridiron Address:
http://fflnet.myfantasyleague.com/fflnet2001/home/0205

Questions about this site?  Check out our FAQ (Frequently Asked Questions)
at http://www.myfantasyleague.com/fflnet2001/support_faq.html
or our detailed on-line help at
http://www.myfantasyleague.com/fflnet2001/coach.html


Mr. Wolfe,

People also called Castro a socially conservative nut amid other
things and yet he has successfully retained power in his country for 40
years.  I think Buchanan is capable of similar achievement, don't you?

> -----Original Message-----
> From: Jason.Wolfe@enron.com [SMTP:Jason.Wolfe@enron.com]
> Sent: Wednesday, December 13, 2000 10:30 AM
> To: Lane Capron, AC BAISP
> Subject: RE: FW: Your March Vacation
>
>
> This ski trip is sounding better and better. Get my glass of wine ready
> and
> stoke up the fire. Only how about doing me a favor and substituting your
> sister in your place.
>
> It looks like the election is over. My mind turns to a conversation I had
> with you
> in which you confessed to voting for Buchanan. I can only believe you are
> as
> undeserving of having a vote as Palm Beach County voters who couldn't
> figure
> out the ballot. Way to pick a socially conservative, racist, nut that even
> the
> Republicans wouldn't support.


Can you supply with an addressee list for potential closure of ANY futures
accounts?  There are currently about seven inactive accounts for all types of
commodities.  Thanks.  Sara

	David P Dupre
	06/12/2000 12:55 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: accounts

Yes, please keep me in mind during the audit process.
We need to ensure that all traders and book admins that support them are
informed before any account closures,

Thanks
David

From: Sara Shackleton on 06/12/2000 08:01 AM
To: David P Dupre/HOU/ECT@ECT
cc:
Subject: Re: Cargill

We are in the process of auditing/monitoring all accounts.  It is possible
that after due notice, we will commence with the closure of unutilized
account.s.  Please call if you have any questions.  Sara

	David P Dupre
	06/11/2000 01:45 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Cargill

Hi Sara,

I met with accounting regarding these amounts. I will be forwarding a copy to
you.

We have a total of .77 cents remaining in our account with Cargill.

Since we have several acounts in addition to Crude Oil, it is my
recommendation that
we do not cancel the account as traders may want to utilize Cargill for other
commodities.

Regards,
David

From: Sara Shackleton on 05/25/2000 08:12 AM
To: David P Dupre/HOU/ECT@ECT
cc:
Subject: Re: update

What were the dollar amounts on the printout that you sent to me?

	David P Dupre
	05/24/2000 06:06 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: update

Cargill said that we do not have a line of credit nor do we have money
sitting in an account with them.
The account is inactive at this time.

Let's review our next step when you have an opportunity.
Thanks
David


----- Forwarded by Richard B Sanders/HOU/ECT on 08/05/2000 03:40 PM -----

	Richard B Sanders
	06/26/2000 04:09 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: Arbitration Provisions for review

----- Forwarded by Richard B Sanders/HOU/ECT on 06/26/2000 04:08 PM -----

	Gil Melman@ENRON COMMUNICATIONS
	04/27/2000 03:01 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: Arbitration Provisions for review

Richard--we are so desperate for your expertise in the EBS hinterlands........
----- Forwarded by Gil Melman/Enron Communications on 04/27/00 03:01 PM -----

	Gil Melman
	04/12/00 09:42 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Kristina Mordaunt/Enron Communications@Enron Communications
		 Subject: Arbitration Provisions for review

You will love me after this request........

Richard, we have several form contracts being developed and used in EBS that
include arbitration provisions.  We thought it might be useful to get your
thoughts on our current forms to make sure we are consistent with up to date
arbitration provisions.  Attached are three of our forms for your review.
Please note that the Professional Services Agreement is a standard consulting
agreement that we typically use with service providers.  Please call me with
any questions or comments.


PROCESSING

None

TENDERED

TW/25374	Oneok Bushton Extend to 1/31/02	13,000/d	Panhandle to Beaver	EXECUTED

TW/25841	PG&E		Effective 1/1/02	 RP		Swap Primary RP's	EXECUTED??TW/26511	PG&E		Effective 1/1/02	 RP		Swap Primary RP's	EXECUTED

TW/26511	PG&E		Effective 1/1/02	 RP		Swap Primary RP's	Tendered 12/31??TW/26606	Agave		Effective 1/1/02	 RP		Swap Primary RP's	EXECUTED

TW/26635	Mercado	Extend to 5/31/02	133/d		WTex Pl to Kingman	EXECUTED

TW/26819	Reliant	Effective 1/1/02	 RP		Swap Primary RP's	Tendered 12/31??TW/26758	Duke		Effective 1/1/02	 RP		Swap Primary RP's	EXECUTED

TW/27342	Sempra		Effective 1/1/02	 RP & DP	Blanco & I/B Link	EXECUTED??TW/27352	Sempra		Effective 1/1/02	 RP 		 Volumes @ Pools	EXECUTED??TW/27420	WTG Gas	Extend to 1/31/02	2,752/d	Panhdle to Winkler	EXECUTED??TW/27496	Reliant	Extend to 1/31/02	30,000/d	San Juan to Blmfld	EXECUTED??TW/27792	Tenaska	1/1/02-1/31/01	10,000/d	W Tex to NNG Halley	EXECUTED??TW/27792	Tenaska	1/1/02-1/2/01		10,000/d	W Tex to NNG Halley	EXECUTED??TW/27796	PG&E(LFT)	1/1/02-1/31/02	10,000/d	Milagro to Topock	EXECUTED??TW/27797	WGR		1/1/02-1/31/02	5,000/d	Blmfld to Topock	EXECUTED??TW/27798    Energas(FTS-2)	1/1/02-12/31/04+E	250/d	    Panhndle to Farm Taps	EXECUTED??42750/20771	Oxy		1/1/02-12/31/02	42,466/d	Extend Discount	EXECUTED ??42909/108639	Tenaska	1/1/02-3/31/02	74,000/d	Demarc to MidCon	EXECUTED ??42939/108475	WGR		Extend to 1/31/02	5,000/d	Permian to Permian	EXECUTED??42947/108640	Energas	1/1/02-3/31/02	250/d		Permian to Permian	EXECUTED ??42953/107600	WTG		Change MDQ for 1/02	9,200/d	Pools to Field TBSs	EXECUTED??42963/108647  Dynegy		Eff. 12/27 only	8,600/d	Demarc to E Dubq	EXECUTED ??42964/107704  Conoco		Extend to 1/31/02	10,000/d	Permian to Permian	EXECUTED??42966/108650  Reliant	11/01/02-03/31/03	15,000/d	TBPL to Demarc	Tendered 12/27??42982/108651	Conoco		1/01/02-1/31/02	10,000/d	Permian to Permian	EXECUTED??42984/108655	NGTS		1/1-1/31/02		10,000/d	Mertzon to Demarc	EXECUTED??42987/108653	Virginia Pwr	1/1/02-3/31/02	3,600/d	Demarc to Janesvle	EXECUTED??42988/108609	Virginia Pwr	Extend to 3/31/02	10,000/d	Demarc to Wakefld	EXECUTED??42991/108301	NGTS		Extend to 1/31/02	12,000/d	Permian to Permian	EXECUTED??42992/107903	NGTS		Extend to 1/31/02	35,000/d	Permian to Permian	EXECUTED??42993/108656	CMS		1/1-1/31/02		4,500/d	MidCon to MidCon	EXECUTED??42994/108657	CMS		1/1-1/31/02		4,000/d	MidCon to MidCon	EXECUTED??TERMINATING - NNG    (Unless extended prior to 12/31/01)*??105957		West Tex Util		5,000/d		Midkiff to San Angelo??107491		Torch			10,000/d		MidCon to MidCon??108576		Arizona P.S.		5,000/d		Demarc to Oasis Waha??108611		Anadarko		6,285/d		MidCon to Demarc??* EOL Agreements and Agreements with day-to-day terms are not included on this list... ?


Attached you will find the final Master Agreement and TA 1 that we finalized
this evening.  I have also attached red lines of each showing the change we
made.  MDS