____________________________________________
  Enron Net Works Ventures Portfolio News
_______________________________________

Computerworld Honors Acta Technology in Annual 'Top 100 Emerging Companies to
Watch'; Industry Publication Recognizes Leader in B2B Data Integration
?
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Dec. 4, 2000--Acta Technology, Inc.,
the leader in business-to-business (B2B) data integration, has been selected
as one of Computerworld's "Top 100 Emerging Companies to Watch," the
magazine's annual review of new leaders in high technology. The magazine has
selected Acta as a winner in the highly-competitive eCommerce category, which
includes other leading B2B software companies such as Blue Martini (Nasdaq:
BLUE), Saga Software (NYSE: AGS), and Ventro (Nasdaq: VNTR).
"We are honored to be included in this year's list of emerging companies,"
said Acta CEO Carol Mills Baldwin. "B2B data integration is emerging as a
must-have technology for businesses around the globe. Recognition for this
technology in Computerworld is further validation of the category we have
created."
B2B data integration resolves one of the principle issues in eBusiness today:
that back-office systems were not designed to meet the data demands of B2B
eCommerce and analytic solutions. Those demands include speed, scalability,
and access to both the real-time and historical data locked away in multiple
back-office systems. By staging real-time and historical data from multiple
systems in data caches, the Acta eCommerce Data Platform allows companies to
deliver the data that is needed, when it is needed, both inside and outside
the enterprise.
Industry analysts have sized the data integration market at $15B (cumulative)
by 2005-driven by the need to provide information-rich data to partners,
suppliers and customers for collaborative computing.
With over 160 customers worldwide, Acta is well-poised to continue leading
the growing B2B data integration market. In the past year, Acta has also won
honors from Upside Magazine (Hot 100 private companies), DM Review (Winner,
World Class Solutions) eWeek (Best Practices Award-B2B Category, Finalist),
and Intelligent Enterprise (RealWare Awards-B2B Category, Finalist).
__________________________________________________

Other Venture News
____________________________________________________

o Sun Buys Storage Firm HighGround For $400 Million

PALO ALTO, Calif. -- Sun Microsystems announced
it is acquiring HighGround Systems, a developer
of storage resource management software, in a stock-for-stock
transaction valued at approximately $400 million.
The acquisition is expected to close in the third
quarter of 2001. Following completion of the acquisition,
HighGround will become part of Sun's Network Storage
organization, which reports to executive vice president
Janpieter Scheerder. Last December, HighGround raised
$30 million in a mezzanine round of financing led
by Compaq Computer. Centennial Funds, Eagan Managed
Capital, Highland Capital Partners, Sequel Venture
Partners, and Venrock Associates were also investors
in the company.
http://www.sun.com/
http://www.highground.com/
_____________________________________________

o Partech Int'l Raises $500 Million, Adds Two Partners

SAN FRANCISCO -- Partech International, a venture
capital firm that provides financing for start-up
and emerging growth companies in the United States
and Europe, said it has raised a new $500 million
fund. The firm said the new fund consists of $300
million in Partech International Venture IV, an
early stage investment vehicle, and $200 million
in Partech International Growth Funds, which is
focused on expansion and later stage investments.
In related developments, the company said it has
added two new general partners, Nicolas El Baze
and David Welsh, to its team. Mr. El Baze was previously
a venture partner with Partech and a co-founder
of several start-ups, including Software International,
which was acquired by Microsoft.  Mr. Welsh joins
Partech from Portal Software, a provider of infrastructure
software to the communications industry.
http://www.partechintl.com/
_____________________________________________

o Digital Rights Firm Elisar Gets $2 Million in Seed Funds

ALBUQUERQUE, N.M. -- Elisar Software, a provider
of online digital rights management and digital
content protection technology, said it received
$2 million in seed funding. Murphree Venture Partners
led the round, which also included Telecommunications
Development Fund. The funds will support sales,
marketing, and research and development for the
company's digital rights management software product.
http://www.elisar.com/
_____________________________________________

o Facility Management Firm Avista Advantage Has Series A Round

SPOKANE, Wash. -- Avista Advantage, a subsidiary
of publicly traded Avista and a provider of Internet-based
facility management, bill consolidaton, and payment
services, said it closed a Series A round with investments
from WS Investment Company and Cascade Investment.
EnerTech Capital Partners led the round. The company
said it will use the funding to refine, expand and
market Avista Advantage's suite of facility-cost-management
service offerings. The amount of the investments
was not disclosed.
http://www.avistaadvantage.com/
_____________________________________________

o Training App Firm Knowledge Planet in $47 Million Round Two

RESTON, Va. -- Knowledge Planet, a Web-based corporate
training applications provider, said it has raised
$47 million in its second round of financing. GE
Equity and DHM Arcadia Partners co-led the round.
Backers included First Union Capital Partners and
AIG Horizon Partners . Previous investors HarbourVest
Partners and Knowledge Universe also participated
in the round. The company said it will use the funds
to increase sales and marketing and for international
expansion.
http://www.knowledgeplanet.com/
_____________________________________________

o Data Storage Firm Xdrive Raises $50 Million in Series D

SANTA MONICA, Calif. -- Xdrive Technologies, a business
database management applications and online data
storage firm, said it has raised $50 million in
its Series D round of financing. Strategic partners
and investors that participated in the round include
StorageNetworks, Network Appliance, Aether Systems,
Mitsubishi, NEC, Pilot House Associates, and Softbank.
Previous investors, including Goldman Sachs Group,
Wit SoundView Ventures, and J. & W. Seligman & Co.,
also participated. The company said it will use
the funds to continue developing its new products,
Xdrive Enterprise and Xdrive Express.
http://www.xdrive.com/
_____________________________________________

o EC Company Changes Name to ADX, Advanced Data Exchange

NEWARK, Calif. -- The EC Company, which hosts applications
for Internet business suppliers, said it has changed
its name to ADX, Advanced Data Exchange, to better
position itself in the Internet business-to-business
industry. The company has strategic partnerships
with over 150 companies including Ace Hardware,
Pacific Gas and Electric Company, and Newark Electronics.
ADX is backed by several venture firms including
Talkot Capital, Wasserstein Adelson Ventures, Invemed
Associates, and iCentennial Investments.
http://www.adx.com/
_____________________________________________

o Transport B2B Tradiant Partners with Nine Ocean Carriers

ALAMEDA, Calif. -- Tradiant, a provider of Internet
business-to-business technology and services for
the transportation industry, said it will join with
nine ocean carriers in a partnership that aims to
enable importers and exporters to simplify the process
of containerized transportation. The  multi-million
dollar partnership will launch a new initiative
(currently code-named Global Transportation Network,
or GTN) early in the first quarter of 2001. The
technology platform will facilitate transactions
between the various parties involved in international
trade. The financial terms of the deal were not
disclosed. Carriers in the partnership will receive
an equity stake in the company. These partners include
APL; CP Ships, the container shipping business of
Canadian Pacific Limited, which includes ANZDL,
Canada Maritime, Cast, Contship Containerlines,
Lykes Lines and TMM Lines; Hanjin; Hyundai; K Line;
Mitsui OSK Lines; Senator Lines; Yang Ming; and
Zim Israel Navigation Co. GTN will use Tradiant's
e-commerce platform, which includes booking, track
and trace, and scheduling capabilities. GTN will
provide extended capabilities tailored for shippers
and carriers, including rate and contract management,
cargo forecasting and allocation. Customers include
merchant importers, exporters, freight forwarders,
third party logistics (3PL) providers, and carriers
of commercial freight. Tradiant's investors include
Warburg Pincus, ABN AMRO Private Equity, BEA Systems,
Itochu Corporation, and The Megunticook Fund.
http://www.tradiant.com/

______________________________________________________

o Intel Communications Fund Grows Fund By $300 Million

HILLSBORO, Ore. -- Intel Communications Fund, a
$200 million corporate venture-capital program,
said it is increasing the size of its fund by $300
million.  A company spokesman said the fund, managed
by Intel Capital, will include a special focus on
wireless businesses. The initial program was created
September 1999 to invest in technology startups
in the networking and communications field. The
company is expected to announce additional details
of the fund at the Telecom 2000 conference, now
underway in Hong Kong.
http://www.intel.com/


Hi, Todd:

Believe it or not, I am working on our comments to the ISDA and hope to have them to you this week.  If I see we won't get them to you this week, I'll let you know.

Thanks!

Marie


Please review and print for execution and initia!


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000
03:15 PM ---------------------------

"Les Clewlow" <Les@lacima.co.uk> on 09/05/2000 09:30:02 PM
To: "chris" <chris@lacima.co.uk>, "Vince J Kaminski"
<Vince_J_Kaminski@ei.enron.com>
cc:
Subject: Fw: EPRM

----- Original Message -----
From: Dave Hall <dhall@riskwaters.com>
To: <les@lacima.co.uk>
Sent: Tuesday, September 05, 2000 8:53 PM
Subject: EPRM

> Dear Mr Clewlow
>
> Thanks for your piece on Var for inclusion in the October edition of
Energy
> & Power
> Risk Management.
>
> The article is attached. There are a few queries from the editor and
myself
> written in bold in the text. You might find that some parts of the piece
> have been edited to
> conform to our 'house style', etc.
>
> Comments and suggestions welcome.
>
> Should we send this article to anybody else for their approval?
>
> Thanks and kind regards,
>
>
> Dave Hall
> Chief Subeditor
> Energy & Power Risk Management magazine
> Risk Waters Group
> Haymarket House
> 28-29 Haymarket
> London
> SW1Y 4RX
> UK
> Tel: +44 (0)20 7484 9796
> Fax: +44 (0)20 7930 2238
>
>
>
>
>
>
>
>
>
>

 - Var.doc


Steve, I believe that schedule 2, section 2.2 of the CalPX tariff is the provision that requires market participants to maintain collateral, the purpose of which, however, is to provide security for liabilities incurred in the PX markets.  Since these markets are no longer in operation, there is no lawful reason to withhold the collateral, notwithstanding the assertions of CA parties that it should be used to guarantee payment of refunds ordered in the CA refund proceeding at FERC.  Ray

 -----Original Message-----
From: 	Alvarez, Ray
Sent:	Tuesday, November 27, 2001 12:26 PM
To:	Sager, Elizabeth
Cc:	Steffes, James D.; Nicolay, Christi L.; Hall, Steve C. (Legal)
Subject:

Elizabeth, per our conversation, I am obtaining and attaching various pleadings before FERC I've worked on seeking return of the collateral and the reasons why it should not be withheld by the PX.  It's my understanding that these might help- please let me know.  There are other related filings and I will forward them as soon as I locate.  In the meantime, I am working with Steve Hall to get an independent interpretation of the PX tariff so as to yield answers to our questions and our options.  Thanks,  Ray

 << File: #150515 v1 - CPS COMMENTS ON BIRCHMAN ORDER.doc >>  << File: Answer (chargeback) EL01-36.doc >>


Mark

Send me an e-mail decribing how the quote process went.  If you need my help
let me know.


We might want to consider meeting with the  FuelCell team in their offices,
if this is less intimidating for them.

I  may be able to fly up on Monday am and accomplish what I need to do with
BD, although flying on Sunday is fine as well.  TBD.

Kay

	From:  Scott Healy @ ECT                           10/11/2000 08:03 AM

To: Kay Mann/Corp/Enron@Enron
cc: Jeffery Ader/HOU/ECT@ECT, Stephen Plauche/Corp/Enron@Enron

Subject: FuelCell Negotiations

I spoke to Fuel Cells and here is my suggested schedule for the negotiations:

October 11, 2000--We redraft purchase order and send it to FuelCells.

October 12, 2000-We hold a conference call with FuelCells in the morning to
walk them through the P.O. and give them our thoughts (probable length 1-1.5
hours).  We continue to work on P.O.

October 15, 2000--Kay flies to New York.  We have a conference call with
FuelCells in the afternoon to discuss their initial comments on P.O.  Kay
meets with Bingham to get work assignments started (i.e., permitting work,
start drafting construction agreement, changes to Development
Agreement...etc).  Scott takes 'red-eye" flight to N.Y.

October 16, 2000--Meet with FuelCells in Bingham's offices.  Continue
negotiations on P.O.

October 17-19, 2000--To be determined based on progress of meetings.  If need
be, we could continue negotiations in Houston or have Kay patch in by the
telephone or do all the negotiations by telephone.

What are your thoughts?


Take a look at my worksheet and let me know what you think.  Look at column H
in the Daily Activity tab, this shows my actual daily and monthly
injections.  Also, on 9/16/200, we did a storage transfer to NIPSCO for
500,000 dth.

Our total capacity is 6,050,607 dth.  We have all the tariff rules in the
Strg Rules tab.


Please see the attached from Mark Muller for your review.


Placeholder.

"Thompson, Peter J." <peterthompson@akllp.com> on 12/21/2000 11:09:35 AM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc:

Subject: CA Development Exhibits

Do we need to include the information for Part B of Exhibit A-1 at this
time or should we just leave a placeholder?


Hi there,

I don't know who has or wants to look at the deal docs, but here's the main
one.  I'm giving it a close look this am, since I haven't been involved in
this deal for a little while.

Herman, this is the transaction we discussed on the phone a couple of weeks
ago.

Lisa and Catherine, I'm pondering the logistics of selling the new turbine in
the pack with the current ones.  I have a call in to Lee Johnson to discuss
it with him, just to make sure he is on board. I know it can be done, we just
have to figure out the paper trail.

Chip, I haven't received the Hancock letter yet.

Stephen, your close review of the document would be greatly appreciated.

Talk to all soon,

Kay

PS.  Anna Claire Sole arrived at 200am today.

---------------------- Forwarded by Kay Mann/Corp/Enron on 03/30/2001 06:31
AM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 03/30/2001 01:02:04 AM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "'carlos.sole@enron.com'" <carlos.sole@enron.com>, "Keffer, John"
<JKeffer@KSLAW.com>

Subject: Revised Delta Letter Agmt

 <<2XFLRED.DOC>>

Kay:

Enclosed is a revised draft of the Letter Agreement with Delta, marked to
reflect revisions from the prior draft dated March 16, 2001.  Please review
and advise of any comments.   Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosure: 136641vR6/5

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - 2XFLRED.DOC


depelschen children's home dinner


It is not too busy for me.  See you Saturday at BG at 10 a.m.  And, I will
call Carol.

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com]
Sent: Thursday, May 17, 2001 1:56 PM
To: pyoung@cliverunnells.com
Subject: RE: Thursday

Please call Carol.  How about the Buffalo Grille, or is that too busy?

                    "Patti Young"
                    <pyoung@cliverun        To:     <Tana.Jones@enron.com>
                    nells.com>              cc:
                                            Subject:     RE: Thursday
                    05/17/2001 05:53
                    PM

Good!!  If you want to get Hollie, Lucinda, etc., to come, please feel free
to do so.  Is there any special place you want to go???

I have been thinking about you as well.  I have your bicycle and will
return
it to you when you are ready for it.  I can bring it on Saturday.  Will it
fit in your car?  If not, I can drop it by after breakfast.  Might need to
come by anyway to see what else you have done to it.

I will call Carol, too, if you don't care.

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com]
Sent: Thursday, May 17, 2001 1:36 PM
To: pyoung@cliverunnells.com
Subject: Re: Thursday

Breakfast at 10:00 sounds great!  Wherever you want to go...also, I need to
get my bike back from you, I might be doing some biking.  I've been
thinking about you.  Hope all is going well.

                    "Patti Young"
                    <pyoung@cliverun        To:     "Tana Jones"
<tana.jones@enron.com>
                    nells.com>              cc:
                                            Subject:     Thursday
                    05/17/2001 05:33
                    PM

Miss Tana,

Is there a chance you might like to try to get together this weekend?  I
thought I would check with you first and then see if Phyllis is available.

I have a hair appointment at 8 a.m. on Saturday.  We could do breakfast at
10, or whatever...

Let me know.

Patti

(


Donna,

FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/02/2001
02:09 PM ---------------------------

Celeste Roberts
03/02/2001 02:04 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Kristin Gandy/NA/Enron@Enron, Alyse Herasimchuk/NA/Enron@Enron
Subject: Re: summer internships at Enron

Vince:

Thanks.  Yes it is unfortunate that we were not able to quickly identify who
the interested Tiger Team students were.  We will go ahead and process an
offer letter for Kim and get it to her immediately.

Also, thanks for agreeing to help out with Stanford.  Hopefully we will get a
few good ones!

Regards,
Celeste

Vince J Kaminski
03/01/2001 09:32 AM
To: Celeste Roberts/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: summer internships at Enron

Celeste,

I have just talked to Kim. I told her she will receive one.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/01/2001
09:31 AM ---------------------------

Vince J Kaminski
03/01/2001 09:25 AM
To: Celeste Roberts/HOU/ECT@ECT
cc: Kristin Gandy/NA/Enron@Enron, Christie Patrick/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, piazze@wharton.upenn.edu
Subject: summer internships at Enron

Celeste,

It seems that the process lasted too long for some students
and only Kim Whitsel is interested in the internship at this point.

Her resume has been forwarded to you.
I am enclosing it just in case.
Thanks for your help.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/01/2001
09:20 AM ---------------------------

FAP <FAP@management.wharton.upenn.edu> on 02/23/2001 02:28:48 PM
To: "'vkamins@enron.com'" <vkamins@enron.com>
cc: "'piazze@wharton.upenn.edu'" <piazze@wharton.upenn.edu>
Subject: summer internships at Enron

Vince:

Thank you to you, Ken and Christie for coming to campus for the Enron Tiger
Team Mid-Project review.  The students are working hard and appreciate your
insight and suggestions to the project.  Thank you for your support of the
Wharton School.

Kim Whitsel (whitselk@wharton.upenn.edu) of Tiger Team 1 has informed me
that she is very much interested in a summer internship at Enron this year.

I don't believe some of the students understood the process you had setup
for them at Enron as part of the Tiger Team. Being concerned with having
summer employment, they interviewed with other firms and ultimately accepted
positions. The students asked that I express to you that this does not mean
they are not interested in full time work at Enron next year.  I apologize
and take responsibility for the lack of communication in this regard.  I
think it is a lesson learned and perhaps, in the future, we can make the
agreement to students understood in advance of their "dedicated interview
week" and eliminate their need to interview at all. This can also be an
added advantage of applying to be a member of the Tiger Team.

Please let me know if you have any questions and exactly how Kim Whitsel
should proceed.

Thank you,

Donna Piazze
Program Director
Field Application Project
The Wharton School
Univ. of Pennsylvania
215.573.8394   fax 215.573.5727
fap@management.wharton.upenn.edu
piazze@wharton.upenn.edu


<<Doc1.doc>>
Here are the bullet points on the EOB

 - Doc1.doc


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2001
10:11 AM ---------------------------

Tanya Tamarchenko
03/29/2001 01:49 PM
To: Frank Hayden/Corp/Enron
cc: Vince J Kaminski/HOU/ECT@ECT, Jaesoo Lew/NA/Enron@ENRON, Jason
Sokolov/HOU/ECT@ECT, Rakesh Bharati/NA/Enron@Enron, Rabi De/NA/Enron@ENRON
Subject: Re: implementing clustering and jumps for power

Frank,
our VAR team has been looking at different ways to implement clustering and
jumps for power prices simulation
in VAR.
I attached the suggestion we came up with and the results of clustering and
jump parameters estimation.
Would you like to discuss this methodology? We need your input.

Please, let me know,

Thank you,

Tanya.


Rude-Dog,  Are you there?


Evening Students,

Find elusive numbers!
Prove your point every time!
Look like a genius!
Read Library Handouts!

Learn how to find statistics online and in print by attending the library
workshop "Finding Statistics" on Monday and Tuesday, March 5 and 6. Meet me
at the Reference Desk at Long Library at 7:40pm. We'll look at national and
international organizations that generate statistics and where they are
published in print and online. A handout to supplement your memory will be
provided.

Monica Singh


can work..no problemo...
esp if the holiday pay is good .. Thanksgiving sounds like the best time for me to work..mite have to take time off for Xmas and the new year.. dunno specifics yet..
will intimtae as soon as i find out.

Punit.

-----Original Message-----
From: Hernandez, Juan
Sent: Sunday, September 30, 2001 9:38 PM
To: Blaine, Jay; Collins, Dustin; Errigo, Joe; Greer, Andrew; Larkworthy, Carrie; Maskell, David; Rawal, Punit; Reves, Brant; Seely, Michael; Trejo, Reese
Cc: Baughman Jr., Don; Laurent, Dean; Garcia, Miguel L.
Subject: November and December Vacation

Hey guys and girls with the Holiday's fast approaching I am looking for a good few men and women to work the holidays.  These volunteers can work the Thanksgiving weekend, Christmas and New Years day.  You can work all of these days or just some of them.  Keep in mind that holiday pay is involved.  Let me know your preferences when you e-mail me your response.  If I get more volunteers than we need, then we will draw straws on who gets to work what holidays.  Also please e-mail your vacation request if you have any for the November and December Schedule.  The sooner I get everyones response the faster I can get the schedules out for November and December.  I almost forgot, in your e-mail let me know much you would like to work the holidays: very much, don't care one way or another, or don't want to work them at all.    That is all!!!


Debbie Skinner is sending you a new password.  You will use this for HRonline
and also IBuyIt.  Let me know if you don't get it or it doesn't work.

Ok, you are going to have to go to HROnline and change the password to the
one she is sending.  Wait about 10 minutes or so and then go into payables
and try the new password.  I have Debbie's number if there are any problems.

	Kay Mann@ENRON
	05/25/2001 09:24 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: invoices

When I was at the site it said that it had sent a new password to me at
kay.mann@enron.com.  Didn't get here.  I give up.

From: Suzanne Adams@ECT on 05/25/2001 09:21 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: invoices

Did they actually change it.  If not try your birthyear and then your birthday

19550805 for example.  My birthday is 8/5/55

	Kay Mann@ENRON
	05/25/2001 08:56 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: invoices

never received a pass word.


----- Forwarded by Jeff Dasovich/NA/Enron on 10/10/2000 04:22 PM -----

	Jeff Dasovich
	10/09/2000 02:39 PM

		 To: "Ugoretz Kaufman" <manretz@email.msn.com>
		 cc:
		 Subject: Re:

Here you go.  Who's Ugoretz?

Happy Yom.

Best,
Jeff


I, on behalf of Infinite Energy, would like to offer my deepest sympathies to Richard Blaser, Executive Vice President of Infinite Energy, and his family.  Richard's parents were in a plane crash this past weekend.

Russ and Carol Blaser were celebrating a friend's 40th birthday with his wife by eating out in Cedar Key, Florida.  They flew out to Cedar Key and were intending to fly back to Gainesville after the celebratory dinner.  Russ Blaser was an accomplished and experienced pilot and in fact had participated in many air shows with his stunt plane.

Shortly after takeoff from Cedar Key, the plane Russ was flying crashed into the Gulf of Mexico. Richard's mom was killed and his father has not yet been found.

The date for the funeral of Carol Blaser has not yet been set.  I will relay any relevant information regarding funeral arrangements and Russ Blaser's status to those on this email list as they become available.

Please take a moment to think of Rich and his family.

Darin


Enjoy!
 - 20011203ERCOT_LOAD.XLS
 - 20011203ERCOT_FLOW.XLS


bradley porterfield
949 W. 5th
Eugene, OR 97402
kristenbradley@earthlink.net

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you
made from selling Enron stock before the company
declared bankruptcy to funds, such as Enron Employee
Transition Fund and REACH, that benefit the company's
employees, who lost their retirement savings, and provide
relief to low-income consumers in California, who can't
afford to pay their energy bills.  Enron and you made
millions out of the pocketbooks of California consumers
and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of
Enron's employees were financially devastated when the
company declared bankruptcy and their retirement plans
were wiped out.  And Enron made an astronomical profit
during the California energy crisis last year.  As a result,
there are thousands of consumers who are unable to pay
their basic energy bills and the largest utility in the state is
bankrupt.

The New York Times reported that you sold $101 million
worth of Enron stock while aggressively urging the
company's employees to keep buying it.  Please donate this
money to the funds set up to help repair the lives of those
Americans hurt by Enron's underhanded dealings.

Sincerely,

bradley porterfield


Jim:

I am out of the office until next Thursday and am not able to give you the detail you require at this time.  However be advised that V&E was engaged directly by HPL (Steve Schneider) back in the summer of 1999 to assist in the valuation dispute with the Harris County Appraisal District going forward.  At the same time, the Muse Stancil firm ("Muse") out of Dallas was engaged to do an appraisal.  None of the billings from either V&E or Muse were ever sent to me or anyone in the corporate property tax department.  They either went to Steve or Tom Shelton as he was also involved.  Consequently, we have no records.  Maybe somewhere in the legal group they exist.

When I get back to the office I will look into from our end and get back with you.

Warren

From: Coffey Jr., Jim
Sent: Fri 6/22/2001 9:51 AM
To: Schick, Warren; Redmond, Brian; Schwieger, Jim
Cc: Colwell, Wes; Ryan, Ted; Swafford, John; Gruesen, Karen; Den Hertog, Justin; Denetsosie, Troy; Washington, Deanna
Subject: Ad Valorem Tax Liability and related ongoing V&E costs

Warren
As Ted and I discussed yesterday:

Ted will provide us by the end of today an estimate of Enron's share of Ad Valorem Taxes that we should have accrued on our books including Bammel.  This liability will be booked on LOA Inc (Co # 058).  Next week we will transfer the Co# 012 balance to 058 and adjust it to your number.

Before you spend anymore dollars with V&E on the Bammel Ad Valorem Tax project and since AEP is stressing that you continue to pursue this, we need a full asessment of how much legal costs have been incurred already and what the current status is as we need to have a full understanding of the magnitude of these costs and who will bear these costs between Enron and AEP.

Jim

 -----Original Message-----
From:   Schick, Warren
Sent:   Monday, May 14, 2001 11:15 AM
To:     Redmond, Brian; Schwieger, Jim
Cc:     Colwell, Wes; Coffey Jr., Jim; Ryan, Ted; Jackson, Rhett
Subject:

Brian and Jim:

Regarding the HPL / AEP deal - at the time of closing property taxes will be prorated for the number of days each company will have owned the property during the 2001 calendar year.

If we assume a June 1 closing date, HPl's share of the 2001 property taxes paid in January 2002 will be approximately 41% based on an ownership period of 151 days out of 365.  This tax proration will, in all probability, be based on amounts paid for the 2000 year.  As far as who pays these taxes in January '02, we feel it will be AEP.

Finally, once all the taxes have been paid for 2001 a reconciliation will be made between the two companies based on the proration in effect at the time of closing.

If you have any questions, please call me at X-30689.

Warren


If you are reading this message in plaintext or if you have an AOL address you must click on this link: http://listserv.otcjournal.com/otcjournal/20011223-1.html  and wait for a web page to automatically open up to properly read this newsletter.
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  [IMAGE] December 23, 2001 [IMAGE]   [IMAGE] Volume IV, Issue 109 [IMAGE]     Email : info@otcjournal.com   URL : http://www.otcjournal.com    To OTC Journal Members:      [IMAGE] "Twas the night before Christmas...."    [IMAGE]  In December of 1822 a poem was written by a literature professor at Columbia College (now University) to amuse his children.   The poem was originally entitled "A Visit From St. Nicholas". One year later it was published anonymously in the Troy Sentinel, submitted without the author's knowledge by a house guest who obtained a copy.   A New York publisher later issued the poem, and was advised nearly universally by critics of the time that it was a waste of paper and ink.   However, as usual the critics were wrong. This unheralded verse managed to hang on, and after the author's death it was illustrated with drawings from Thomas Nast and became very famous.   The author was Clement Clarke Moore, and the poem began with the phrase "Twas the night before Christmas...."   So much for the critics. Have a wonderful Christmas. Remember, the gifts that are around you are more precious than the gifts you unwrap.     [IMAGE] Envoy Communications (NASDAQ: ECGI) Announces Year End Results- Santa in Nowhere to be Found [IMAGE]    Over the Long Term Market Price Action Always Tells You What's Happening Even When the Company Doesn't, and the Market is Rarely Wrong.  The Editors of the OTC Journal  [IMAGE]  Envoy Communications held a conference call this past week to discuss its fiscal year end results (end of September). Santa was nowhere to be found. Based on what we learned from the call the stock has dropped from the mid $4 range to just under $1 in the past year because it deserved to.   The company revealed an abdominal 4th quarter where they lost $2.2 million EBITDA. Although they ended the year with just over $80 million in revenues (up 38%) and about $7 million in EBITDA profits (down 30%), the trend towards losses is very disturbing.   We have been in a tough market environment for many companies, and Envoy has not been left out. Of the $2.2 million the company lost in the 4th quarter, $.5 million is attributed to shutting down the Communiqu? division, and $1 million was attributed to Sage Consulting, their technology division which will probably continue to lose money.   The only bright spot was the performance of Watt Group, their International design and consulting firm. Watt is profitable and now represents 50% of the company's ongoing revenue stream.   As seen in the chart, the recent rebound in the stock has dramatically reversed course as a result of this disclosure. In our last edition on Envoy we felt the stock was destined for higher levels. In the short term, this past week's financial disclosure sabotaged our prediction. Sadly, we were wrong. It's not the first time and it won't be the last.   However, these financial results are a snapshot of the past. We are concerned with the future. In the conference call the company indicated they expected to make $8.6 million in EBITDA profits next year.   December quarterly numbers are expected to be lackluster, and they are expecting improvements in the March and June quarters.   The editors of the OTC Journal are very disappointed that management never gave any ongoing public disclosure concerning their 4th quarter performance. Many companies are falling on hard times, but most of them are choosing to inform the public as disappointments occur.   It is evident from the performance of the stock that someone knew the company was doing so poorly. Unfortunately, it wasn't us.   We still believe the stock will rebound to the $2 level, although it may take some time. Recent new contract wins have resulted in surges in the stock price, suggesting the market wants to believe again.   In the next week the stock may suffer from the final week of potential tax selling. If you see the stock down near $1 it should be bought for a January rebound.   Still to come: Year end wrap ups on XMLG (big stuff happening there), XMM (our favorite for 2002), and CODX.   Charts Provided Courtesy Of TradePortal.com    The OTC Journal is a proud partner of the SwingWire.com Online Investment Community . A next generation Online Analyst Exchange providing Members the ability to search, review, track and monitor some of the Internet's best Online CAs (CyberAnalysts). Members have the opportunity to potentially achieve higher returns by viewing top performing portfolios and receiving real-time alerts from favorite CAs.    SwingWire.com  also has a lucrative incentive model for experienced investors and traders who consistently outperform the market. Share market ideas with other like-minded investors, establish a proven track record, provide insightful commentary, attract followers and ultimately become one of the Internet's highest paid and most sought after CyberAnalysts!    Click here to receive your FREE 30-Day Trial Membership with no further obligation. Sign Up Today!        Disclaimer   The OTCjournal.com Newsletter is an independent electronic publication committed to providing our readers with factual information on selected  publicly traded companies. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward  maximizing the upside potential for investors while minimizing the downside risk, whenever possible.  Moreover, as detailed below, this publication accepts compensation from certain of the companies which it features.  Likewise, this newsletter is owned by MarketByte, LLC.  To the degrees enumerated herein,  this newsletter should not be regarded as an independent publication.   Click Here  to view our compensation on every company we have ever covered, or visit the following web address:  http://www.otcjournal.com/disclaimer.html  for our full profiles and http://www.otcjournal.com/trading-alerts/disclaimer.html  for Trading Alerts.   All statements and expressions are the sole  opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities  mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein.   The editor, members of the editor's family, and/or entities with which they are affiliated, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication unless specifically disclosed in the newsletter.   The profiles, critiques, and other editorial content of the OTCjournal.com may contain forward-looking statements relating to the expected capabilities of the companies mentioned herein.   THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN  SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN  CONSENT OF THE EDITORS OF OTCjournal.com.   We encourage our readers to invest carefully and read the investor information available at the web sites of  the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com . We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at  http://www.sec.gov/consumer/cyberfr.htm . Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.     Unsubscribe Here     You can unsubscribe from this list at any time by Clicking Here  and HITTING SEND. If you are having difficulty removing yourself or wish to change your address please go to http://listserv.otcjournal.com/opt.cgi?email=MIKE.CARSON@ENRON.COM .

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You are currently subscribed to otcjournal as: MIKE.CARSON@ENRON.COM
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fyi
 -----Original Message-----
From: 	CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent:	Monday, December 10, 2001 2:50 PM
Subject:	Minority\Majority Cashout Indices - November, 2001

December 10, 2001

To:  Transcontinental Gas Pipe Line Corporation Customers
     and Shippers

Re:  Minority\Majority Cashout Indices - November, 2001

*****************  NONPENALTY PRICE REFERENCES  *****************

                                MAJORITY            MAJORITY
    FT       MINORITY     (<= 2.5% or 1,000 dt)    ( > 2.5% )
  ------   ------------   ---------------------   ------------
  Zone 1   $2.4525 SELL       $2.14661 BUY        $2.0750 BUY
  Zone 2    2.4863 SELL        2.33484 BUY         2.1075 BUY
  Zone 3    2.5200 BUY         2.71910 SELL        3.0300 SELL
  Zone 4    2.5338 SELL        2.18296 BUY         2.1522 BUY
  Zone 5    2.5950 BUY         2.81375 SELL        3.1172 SELL
  Zone 6    2.6445 BUY         2.74773 SELL        3.1747 SELL

                                MAJORITY            MAJORITY
    IT       MINORITY     (<= 2.5% or 1,000 dt)    ( > 2.5% )
  ------   ------------   ---------------------   ------------
  Zone 1   $2.4525 SELL       $2.14661 BUY        $2.0750 BUY
  Zone 2    2.4863 SELL        2.33484 BUY         2.1075 BUY
  Zone 3    2.5200 BUY         2.71910 SELL        3.0300 SELL
  Zone 4    2.5745 SELL        2.22366 BUY         2.1929 BUY
  Zone 5    2.7807 BUY         2.99945 SELL        3.3029 SELL
  Zone 6    2.9387 BUY         3.04193 SELL        3.4689 SELL

                                MAJORITY            MAJORITY
   FTG       MINORITY     (<= 2.5% or 1,000 dt)    ( > 2.5% )
  ------   ------------   ---------------------   ------------
  Zone 1   $2.4525 SELL       $2.14661 BUY        $2.0750 BUY
  Zone 2    2.4863 SELL        2.33484 BUY         2.1075 BUY
  Zone 3    2.5200 BUY         2.71910 SELL        3.0300 SELL
  Zone 4    2.6016 SELL        2.25076 BUY         2.2200 BUY
  Zone 5    2.9045 BUY         3.12325 SELL        3.4267 SELL

                                MAJORITY            MAJORITY
   FTNT      MINORITY     (<= 2.5% or 1,000 dt)    ( > 2.5% )
  ------   ------------   ---------------------   ------------
  Zone 6   $2.5375 BUY        $2.63728 SELL       $3.0500 SELL

For information concerning cashout transactions, please contact
your Customer Services representative or Casilda Vasquez at (713)
215-4504 in the Rates Department.

Stella Yu
Manager - Rate Systems
(713) 215-3381


We finished calculation.

1080234 copied to 1081576
1080113 copied to 1081558
1080114 copied to 1081561
1080116 copied to 1081564

Sandy
X53360

 -----Original Message-----
From:  Wong, Jeremy
Sent: Friday, March 23, 2001 10:55 AM
To: Chen, Sandy
Cc: Wei, Dave
Subject: FW: Post ID's 03/22/2001

Thanks.

 -----Original Message-----
From:  McLaughlin, Errol
Sent: Thursday, March 22, 2001 7:30 PM
To: Wong, Jeremy; Wei, Dave
Subject: Post ID's 03/22/2001

NG-PR-OPT - 1080234
Larry May:  Price - 1080113, Basis - 1080114, GD Options - 1080116

Thanks,

Errol, X5-8274


The following email below has some new features that are coming that might benefit you all.

http://www.friedwire.com/trafficreport/login/fwlogin.jsp
enron04  login
enron  password

 -----Original Message-----
From: 	"Stuart Wright" <stuart@friedwire.com>@ENRON [mailto:IMCEANOTES-+22Stuart+20Wright+22+20+3Cstuart+40friedwire+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, September 14, 2001 11:37 AM
To:	Cline, Kevin; Gilbert-smith, Doug; Hernandez, Juan; Rodriquez, Andy; Salisbury, Holden; Starnes, Chad; Will, Lloyd; Salisbury, Holden
Subject:	New from FriedWire...

Good morning to all of you at Enron.

I wanted to make you all aware of two major new capabilities that FriedWire is soon to deploy.  One will be the new PJM intelligence module that will be an add-on to the existing Traffic Report.  The other is a brand new version of the Traffic Report itself that incorporates real-time electricity prices and news/commentary from THE major provider of this content.  FriedWire will be making some announcements shortly describing the strategic alliance between our firm and this content partner, and should be able to start showing the enhanced, jointly developed version of the Traffic Report in October.

Regarding the PJM module; we are now scheduling 30-40 minute, remote (Internet-based) overviews with clients who actively trade in PJM.  These will begin the week of September 24th.  If any of you or your colleagues would like to participate in a very informal session that looks at the capabilities of this new tool, please contact me and I can help set-up a date and time.  Some of the content and functionality in the PJM module includes:

}         Real time price and loadcharts that present current conditions in historical context
}         Real-time and day-ahead LMP data along with the public FTR data to provide a real-time estimate of FTR value
}         Easy interface for querying FTR data to provide competitive intelligence in the primary and secondary FTR markets
}         Tools for valuing FTRs in the monthly FTR auction
}         PJM load charts displaying PJM ISO load forecast bias
}         Eastern Interconnect frequency monitoring
}         LMP charts and maps
}         Customizable displays in the form of personalized Watchlists, tables and chart building tools

Thanks and contact me with anything you might need.

Take Care,

Stuart Wright
Director
FriedWire Inc.


I have your shirt and will deliver it tomorrow morning.  Thanks!

 -----Original Message-----
From: 	Cain, Barbara
Sent:	Wednesday, September 26, 2001 12:09 PM
To:	Lokey, Teb
Subject:	T-shirt

Hello Teb,

Did the UNCF shirts come in?

Thanks,

Barbara Cain
ENRON Global Markets
Liquids Settlements
barbara.cain@enron.com - Email
(713) 345-3336 phone
(713) 853-1893 fax


I think so--Martha, please get me into this gig.  Thanks DF

Tony Pryor
09/13/2000 04:56 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Risk Management Policy

Drew, I thought you might be interested in being a part of this. Does this
meeting fit your schedule?................Tony
---------------------- Forwarded by Tony Pryor/ET&S/Enron on 09/13/2000 04:54
PM ---------------------------

	From:  Dan Fancler                           09/13/2000 11:24 AM

To: Tony Pryor/ET&S/Enron@ENRON, Bob Chandler/ET&S/Enron@Enron, Lee
Ferrell/ET&S/Enron@Enron
cc: Maria Perales/ET&S/Enron@ENRON, Dan Fancler/ET&S/Enron@Enron

Subject: Risk Management Policy

We will meet on 9/18/00 at 2:00 pm in 4262 to discuss Risk Management Policy.

Lee, if you and your staff would like to come, please join in on the fun.

Tony has agreed to move the Policy forward to the next level.  I summarize
some of the key information below.

The current policy is too restrictive.

We need to better define the type of transactions and who has authority to
execute and manage.

Do not include procedures and only discuss policy much like the Corporate
Risk Management Policy.

Positions will be managed in a portfolio of Gas Commodity positions, however
not all positions are included in the position limits measurement for this
policy.  For example the pipelines are long capacity and this can be managed
in a portfolio without a limit requirement.  Also, TW is long over-retained
gas and this is a position which does not have to be part of our risk
management limits.  These positions were created by building a pipeline or
entering into transport service agreements and seperated approval guidelines
apply.

North American Natural Gas is the only Commodity Group approved.

Transport Service Agreements are approved in accordance with ET&S policy #1
and #2.

Financial Risk Management Agreements are approved within the guidelines of
this policy.  Financial Risk Management Agreements that create risk are
allowed by the Corporate Policy but not allowed by the ET&S draft policy.  We
need to think about limits on the creation of risk from Financial Risk
Management agreements.


I put Storey for all of Ruscitti's products.

DG

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Monday, January 28, 2002 1:31 PM
To:	Love, Phillip M.; Winfree, O'Neal D.; Palmer, B. Scott; Giron, Darron C.
Subject:	EOL products

Now that we know which traders will be moving over, or we should, we need to make a second pass at the EOL product list.  Can you confirm with your desk heads that the list of names we have is correct, and then update the product mappings by tomorrow afternoon?

O:\erms\erms_adm\netco\controls\Trader-Book template (US Gas)_EOL new books.xls

Thanks

KK


---------------------- Forwarded by Clint Freeland/Corp/Enron on 09/28/2000
12:25 PM ---------------------------

"Rosica, Paul" <prosica@lehman.com> on 09/28/2000 12:22:00 PM
To: "'Clint.Freeland@enron.com'" <Clint.Freeland@enron.com>
cc:

Subject: Registration Statement Language

Clint - We are generally ok with the language you sent over earlier today.
However, we would like to make a couple of modifications.  I have attached a
marked up copy of the document for your review.  Let me know what you think.

Thanks,
Paul

 <<Reg statement language.doc>>

> Paul S. Rosica
> Lehman Brothers
> 212-526-8887 Phone
> 212-526-2755 Fax
> prosica@lehman.com
>
> This message is intended only for the personal and confidential use of the
> designated recipient(s) named above.  If you are not the intended
> recipient of this message you are hereby notified that any review,
> dissemination, distribution or copying of this message is strictly
> prohibited.  This communication is for information purposes only and
> should not be regarded as an offer to sell or as a solicitation of an
> offer to buy any financial product, an official confirmation of any
> transaction, or as an official statement of Lehman Brothers Inc., its
> subsidiaries or affiliates.  Email transmission cannot be guaranteed to be
> secure or error-free.  Therefore, we do not represent that this
> information is complete or accurate and it should not be relied upon as
> such.  All information is subject to change without notice.
>
>
>
>
>

 - Reg statement language.doc


Dear Group:

Attached is a group of main events and key dates involving the new ERCOT
market.   There is of course more detail associated with these events but
this listing is meant for quick reference.   Feel free to add additional
relevant information to it as you see fit.

Regards,

Smith Day
x34201


Rogers can be reached by e-mail at drherndon@aol.com.

He would like updates on activities everyday if possible.
Thanks.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Weekly Priority Mtg./Raetta

Date:		3/15/2001
Time:		9:30 AM - 10:30 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Will this comply with your request?


(See attached file: g052301.pdf)

_____________________________________________________________________________________________________________________________________

Ce message et toutes les pieces jointes (ci-apres le "message") sont etablis a l'intention exclusive de ses destinataires et sont confidentiels. Si vous recevez ce message par erreur, merci de le detruire et d'en avertir immediatement l'expediteur.

Toute utilisation de ce message non conforme a sa destination, toute diffusion ou toute publication, totale ou partielle, est interdite, sauf autorisation expresse.

L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS (et ses filiales) decline(nt) toute responsabilite au titre de ce message, dans l'hypothese ou il aurait ete modifie.
	----------------------------------------------------------------------------------
This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender.

Any use not in accord with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except formal approval.

The internet can not guarantee the integrity of this message. BNP PARIBAS (and its subsidiaries) shall (will) not therefore be liable for the message if modified.
_____________________________________________________________________________________________________________________________________

 - g052301.pdf


Is everyone available for a brief conference call at 830 Tuesday morning?
Please let me know if you aren't available.  Dial in instructions will be
forthcoming.

Thanks,

Kay


Pierre-Philippe,

Thanks for your message. I shall be glad to make a presentation in early
November. I understand the presentation are on Fridays and November the 3rd
would be the best date for me.

If you prefer November the 10th, we have to wait a few more days with the
decision. We have a management conference every year in San Antonio and it
will be held either in the 2nd or the 3rd week of November. I shall know in a
few days. The same goes for November 9, assuming it was not a mistake (it's
Thursday).

I shall be free for dinner on the day of the conference. Thanks for the
invitation.

 Vince


Absolutely.  Morning is better for me, as I have a meeting at 230 this
afternoon.

I spent some time with Rose and Humberto yesterday, discussing the logistics
and options in connection with this and City of Austin.

Kay

	From:  Ben F Jacoby @ ECT                           08/10/2000 06:49 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: Turbine purchase - Move out of WestLB

Kay:

Can we meet tomorrow to discuss the plan for the deal including; assignment
of turbines, intercompany agreement, logistics on WestLB, new S&S contract
covering the LMs?

Please let me know.

Regards,

Ben
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 08/10/2000 06:44 PM
---------------------------

Roseann Engeldorf@ENRON
08/10/2000 05:13 PM
To: Brett R Wiggs/SA/Enron@Enron, Ben Jacoby/HOU/ECT@ECT
cc:
Subject: Re: Turbine purchase - Move out of WestLB

FYI -

I should have cc'd you two on this, also.

RME
---------------------- Forwarded by Roseann Engeldorf/Corp/Enron on
08/10/2000 05:12 PM ---------------------------

Roseann Engeldorf
08/10/2000 05:11 PM
To: Lisa Alfaro/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Lisa Bills/Corp/Enron@ENRON, Humberto Cubillos-Uejbe/HOU/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Kevin Joyce/Corp/Enron@Enron

Subject: Re: Turbine purchase - Move out of WestLB

Lisa - regarding the movement of the turbines out of the WestLB structure
into a South American power project:

I just got out of a meeting with the SA team doing the Elektrobolt (sp?)
project development work. That is the "Rio Gen Merchant" project that the 8
LM6000s are destined for.  Kay Mann (ENA lawyer who worked on the LM6000
contract with GE), myself, Humberto Cubillos (ENA finance person who works
with Lisa Bills on the WestLB structure), Kevin Joyce (ESA finance) and
Herman Manis (ENA structuring accountant) will  need to coordinate any
movement of turbines out of the WestLB structure.

I can get you electronic copies of both the MHI and S&S (LM6000) contracts,
but would appreciate your coordinating with Kay, myself or Humberto before
advising the developers as to any of the details of the move out of the S&S
structure.  Kevin Joyce or myself should be contacted before advising the
developers on the MHI structure.

Thanks,

Rose


FYI.

-----Original Message-----
From: Thapar, Raj
Sent: Friday, January 11, 2002 1:57 PM
To: Albrecht, Kristin; Wilson, Shona; Pearce, Barry; Racicot, Paul;
Miller, Don (Asset Mktg); McMichael Jr., Ed; Tweed, Sheila
Subject: FW: Preliminary Information Request List [WatchDog checked]

FYI

-----Original Message-----
From: Cindy.Ma@ey.com [mailto:Cindy.Ma@ey.com]
Sent: Friday, January 11, 2002 1:56 PM
To: Albrecht, Kristin; Thapar, Raj
Cc: wfoster@milbank.com; ken.white@eycf.com; alan.holtz@eycf.com;
lawrence.prybylski@ey.com; scott.underberg@ey.com; James.Rees@ey.com;
Daniel.Somers@ey.com
Subject: Preliminary Information Request List [WatchDog checked]

Raj and Kristin:

Sorry for the delay in sending you the list.   Traveling between New York
and Houston sometimes takes away valuable working hours.   As discussed in
the meeting, the attached list is very preliminary and is an on-going
working document.  Forms A, B and C are provided to you to illustrate the
type of information we would like to capture upon detailed analysis of the
trading positions and the associated market values.  At this juncture,
please do not complete any of these forms until we have further
discussions.

Regards,
Cindy

Cindy Ma
Corporate Finance
Ernst & Young LLP
787 Seventh Avenue
New York, NY 10019
PH: 212 773 2638
FAX: 212 773 8008
EY Comm: 9362463

(See attached file: Info Request_Jan 11_02.xls)

______________________________________________________________________
The information contained in this message may be privileged and
confidential and protected from disclosure.  If the reader of this message
is not the intended recipient, or an employee or agent responsible for
delivering this message to the intended recipient, you are hereby notified
that any dissemination, distribution or copying of this communication is
strictly prohibited. If you have received this communication in error,
please notify us immediately by replying to the message and deleting it
from your computer.  Thank you.  Ernst & Young LLP


---------------------- Forwarded by Darron C Giron/HOU/ECT on 07/11/2000
03:12 PM ---------------------------

Mark.Ebert@broadwing.com on 06/28/2000 01:45:05 PM
To: zambrano@austintexas.org, bphipps@houston.proalt.com,
bonnie.ebert@tasb.org, BryLad5@aol.com, Darron C Giron/HOU/ECT@ECT,
david.long@tdhca.state.tx.us, keykeith@mindspring.com,
george.ewton@unisys.com, heather.hodnett@tdhca.state.tx.us,
bjnelson81@uswest.net, jw@cleartrading.com, kelang@mmm.com,
keith.doran@tdhca.state.tx.us, michael.boettner@cpa.state.tx.us,
psalas@flash.net, SPSMITHCPA@aol.com, swash@tdhca.state.tx.us
cc:
Subject: FW: watch

> Subject: FW: watch
>
>
>
>  <<State-of-the-artwatch.exe>>

 - State-of-the-artwatch.exe


IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power Delivered on Wednesday, October   17, 2001
                                                                                (Trade Date of Tuesday, October   16, 2001)
Click here to access index history .
                                                                                * volume represents sell-side only *

Hub	High	Low	Wtd Avg Index	Change ($)	Vol (Mwh)
Cinergy	         $22.00	         $21.15	         $21.52	+    .47	         140,000
Comed	         $22.00	         $20.00	         $20.35	+    .36	          32,800
Entergy	         $20.60	         $18.85	         $19.50	+    .80	          33,600
Nepool	         $37.75	         $37.35	         $37.57	+    .99	           7,200
PJM-West	         $25.60	         $24.70	         $25.08	-   1.30	          48,800
SP-15	         $28.00	         $26.00	         $27.02	+    .65	           5,200
TVA	         $21.75	         $20.50	         $20.85	+    .10	           8,000

                                                                                Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.
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TODAY'S HEADLINES
The New York Times on the Web
Sunday, November 25, 2001
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QUOTE OF THE DAY
=========================
"We surrendered so no more blood would be shed,   our own
blood. All the Taliban are running away."
-MEHRABUDDIN, a Taliban soldier.

http://www.nytimes.com/2001/11/25/international/asia/25KUND.html?todaysheadlines

NATIONAL
=========================
Swept Up in a Dragnet, Hundreds Sit in Custody and Ask,
'Why?'

More than 1,200 foreigners have been detained as part of the
government's investigation into the terror attacks, some
spending days, weeks and now months in prison.
http://www.nytimes.com/2001/11/25/national/25DETA.html?todaysheadlines

-----

After Sept. 11, Complaints of Job Bias Mount

Since Sept. 11, Arab-American groups say hundreds of people
have complained of discrimination in the workplace because
of their nationality or religion.
http://www.nytimes.com/2001/11/25/national/25DISC.html?todaysheadlines

-----

Severe Weather Turns Deadly Across Three Southern States

Deadly thunderstorms swept across the lower Mississippi
Valley, flattening homes and   poultry farms and ripping
down power lines.
http://www.nytimes.com/2001/11/25/national/25STOR.html?todaysheadlines

-----

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INTERNATIONAL
=========================
Many Taliban and Allies Holding Out at Last Northern
Stronghold

Hundreds of Taliban soldiers streamed out of Kunduz on
Saturday, some to the welcoming arms of joyous crowds,
others to the custody of their adversaries.
http://www.nytimes.com/2001/11/25/international/asia/25KUND.html?todaysheadlines

-----

Israeli Soldier Killed in Gaza; Arabs Mourn Hamas Leader

An Israeli soldier was killed Saturday night when
Palestinians fired a mortar shell at a Gaza settlement in
response to the death of a Hamas leader.
http://www.nytimes.com/2001/11/25/international/middleeast/25ISRA.html?todaysheadlines

-----

The World's Economies Slide Together Into Recession

Many economists now agree that the world is suffering its
first recession in two decades and that recovery may come
more slowly than once expected.
http://www.nytimes.com/2001/11/25/international/25RECE.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
=========================
Glut of Bargains Cheers Shoppers but May Take Toll on
Economy

The nationwide sale carries a darker side: that the United
States could suffer an extended period of declining prices
which could deepen the first recession in 10 years.
http://www.nytimes.com/2001/11/25/business/25DEFL.html?todaysheadlines

-----

A 'Type B' Chief Guides G.M. on a Course to Revival

Rick Wagoner has won points at the helm of General Motors by
re-emphasizing quality, reinvigorating design and forging
international alliances.
http://www.nytimes.com/2001/11/25/business/25GMGM.html?todaysheadlines

-----

Behind the Glamorous Life, His-and-Hers Nest Eggs

In a time when divorce is common, it is not unusual for
partners to come to relationships hesitant about
commingling their money.
http://www.nytimes.com/2001/11/25/business/yourmoney/25TALK.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY
=========================
Dot-Com Is Dot-Gone, and the Dream With It

The giants of e-commerce, who walked among us, are
culturally extinct now with a war on.
http://www.nytimes.com/2001/11/25/fashion/25DOT.html?todaysheadlines

-----

Digital Cameras Are No Longer Just for the Digerati

In many consumers' minds, digital cameras have   risen from
geek-gadget to must-have status.
http://www.nytimes.com/2001/11/25/technology/25DIGI.html?todaysheadlines

-----

It's Not Grandma's Clearance Sale. It's Online and Worth
Billions.

Clearance sales have moved online, with more rapid sales at
better prices and with fewer middlemen.
http://www.nytimes.com/2001/11/25/business/yourmoney/25SALE.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS
=========================
Bush's New Rules to Fight Terror Transform the Legal
Landscape

Military tribunals for suspected terrorists are the boldest
initiative in a series of laws and rewritten federal
regulations that, combined,   have created an alternate
system of justice.
http://www.nytimes.com/2001/11/25/politics/25LEGA.html?todaysheadlines

-----

Administration Revising Its Drug Discount Proposal

In response to a federal court's objections, President Bush
will try again to force drugstores to give discounts on
medicines sold to elderly people, administration officials
say.
http://www.nytimes.com/2001/11/25/politics/25DRUG.html?todaysheadlines

-----

Industry Sees Opportunity in U.S. Quest for Security

Businesses are lining up to join the war on terrorism, but
experts fear homeland defense could become a
special-interest boondoggle.
http://www.nytimes.com/2001/11/25/national/25DEFE.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
=========================
Oklahoma State Ends Oklahoma's Hopes for Repeat Championship

Oklahoma State got a 14-yard touchdown pass from freshman
Josh Fields to Rashaun Woods with 1:36 remaining to upset
Oklahoma and end the Sooners' hopes for a repeat national
championship.
http://www.nytimes.com/aponline/sports/AP-FBC-Oklahoma-St-Oklahoma.html?todaysheadlines

-----

Hurricanes Show Why They Are Ranked No. 1

The Hurricanes hammered the Huskies in a powerful
demonstration of their top-ranked status, made more
convincing after the weekend's upsets made the B.C.S.
picture grow murky.
http://www.nytimes.com/2001/11/25/sports/ncaafootball/25MIAM.html?todaysheadlines

-----

What a Difference a Year Makes for Raiders

The Raiders have developed their strengths of a year ago,
building up their success as much as the Giants have
whittled away at their winning methods.
http://www.nytimes.com/2001/11/25/sports/football/25BLUE.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
=========================
For Tony Kushner, an Eerily Prescient Return

Tony Kushner's fascination with Afghanistan lead to
"Homebody/ Kabul," which seems as if it had been written in
response to Sept. 11, not in advance of it.
http://www.nytimes.com/2001/11/25/arts/theater/25MARK.html?todaysheadlines

-----

Lou Reed, the Tell-Tale Rocker

Lou Reed, who helped reinvent rock in the 60's, now turns to
rewriting the work of Edgar Allan Poe.
http://www.nytimes.com/2001/11/25/arts/music/25PARE.html?todaysheadlines

-----

Films See the Overweight Outsider in a (Slightly) New Way

While Hollywood tries to show sensitivity to large people,
fat as a metaphor is not going to go away anytime soon.
http://www.nytimes.com/2001/11/25/movies/25KEHR.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION
=========================
As Sept. 11 Widows Unite, Grief Finds Political Voice

A new political group has emerged, one whose broad powers
are only beginning to be realized by its members.
http://www.nytimes.com/2001/11/25/nyregion/25WIDO.html?todaysheadlines

-----

City Refines Its Counting of the Dead

City officials have refined their method for tabulating the
number of people missing or killed after the Sept. 11
attack and expect to have more reliable figures by the end
of the year.
http://www.nytimes.com/2001/11/25/nyregion/25NUMB.html?todaysheadlines

-----

Critics Fault Lobbyists' Work for Pataki

A top adviser to Gov. George E. Pataki is also a   lobbyist
who has pressed the governor's office for legislation,
which has critics of Mr. Pataki raising ethical concerns.
http://www.nytimes.com/2001/11/25/nyregion/25OMAR.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED
=========================
Uncivil Liberties?
By MAUREEN DOWD
With supreme ambivalence, we are   embarking on the Ashcroft
era in   American justice.
http://www.nytimes.com/2001/11/25/opinion/25DOWD.html?todaysheadlines

-----

An Alternate Reality
By PAUL KRUGMAN
Most Americans get their news from TV, but the images TV
doesn't show are anything but heartwarming.
http://www.nytimes.com/2001/11/25/opinion/25KRUG.html?todaysheadlines

-----

Learning From Israel and Its Mistakes
By TOM SEGEV
Americans can learn a lesson from Israel's response to
terrorism: limitations on civil liberties have not made the
country safer.
http://www.nytimes.com/2001/11/25/opinion/25SEGE.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

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thanks.  the letter is already out, but we will be accurate in follow up
calls and in press interviews.

	Tim Belden@ECT
	10/31/2000 08:33 AM

		 To: Steven J Kean/NA/Enron@ENRON
		 cc:
		 Subject: Re: Hoecker letter

I just noticed one minor error.  I think that you are trying to highlight
that Terry Winter, the Chief Executive Officer of the ISO voted against the
proposal.  In the text, you say the Chairman of the ISO.  There is no
Chairman of the ISO.  There is a Chairman of the Board of the ISO -- Jan
Smutney-Jones -- who has consistently voted against the price caps since
June.  Sorry for the delay in getting back to you.


this was the guy that hired fred d'ambrosia back to enron after he was
terminated for cause.  a.g. is an ok guy but i'm not in love.  i would
however put him through the interview process.  i'll follow up.

	Mike McConnell
	01/30/2001 06:54 AM

		 To: Jeffrey A Shankman/HOU/ECT@ECT
		 cc:
		 Subject: Re: Your Consideration Appreciated

Jeff,
Interesting.  Do you like this guy?  What about Crude and products
origination working for Randy?  On the LNG front we should look at him if you
like him but i don't think it is a no brainer.  Neal will be coming on in 2
weeks, do we need him?  Maybe we do.
m


---------------------- Forwarded by Mathew Gimble/HOU/ECT on 05/07/2001 11:30 AM ---------------------------
From:	Mathew Gimble on 05/07/2001 09:42 AM
To:	Darrell Stovall/NA/Enron@ENRON
cc:	David Fairley/Enron@EnronXGate, Mike Coleman/Enron@EnronXGate, Jennifer Bagwell/Enron@EnronXGate, Jeffrey Keenan/HOU/ECT@ECT, Bruce Golden/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject:	Re: FPRP -- Proforma Performance Input/Review M Today 5/7 2:30 PM 3AC 33C1

Darrell,

There still appears to be some confusion regarding the inclusion of FPUA's #6 ST into the deal.  The heat rate of the #6 ST should not be included in the overall plant heat rate (neither gross nor net).  The heat rate of the facility should include the GT and FPUA's #7 and #8 STs.  Duct firing #6 needs to be determined and calculated on a stand-alone basis.  Bottom line:  whether FPUA or FPRP uses #6 to generate power, the heat rate associated with #6 is the duct fired heat rate.  I have been anticipating results to look something like the following:

Combined Cycle HHV		7,800 heat rate (based on 183MW + 82MW = 265MW using 2,067MMBtu/hr)
FPUA 9,500 HHV		9,500 heat rate on 82MW = 779MMBtu/hr
FPRP Combined Cycle HHV	2,067MMBtu/hr - 779MMBtu/hr = 1,288MMBtu/hr for 183MW = 7,038 heat rate

Duct Firing HHV			10,000 heat rate on 14MW = 140MMBtu/hr (should equal the actual amount of additional gas needed to duct fire)

Let me know if you have any questions.

Thanks,
Mathew

Darrell Stovall@ENRON
05/07/2001 08:38 AM
To:	Mathew Gimble/HOU/ECT@ECT, Ron Tapscott/HOU/ECT@ECT, Jennifer Bagwell/Enron@EnronXGate
cc:	Jeffrey Keenan/HOU/ECT@ECT, Bruce Golden/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike Coleman/Enron@EnronXGate, Sandra EECC Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject:	FPRP -- Proforma Performance Input/Review M Today 5/7 2:30 PM 3AC 33C1

I'd like to set up meeting to review performance inputs to proforma ... today 5/7 at 2:30 PM 3AC 33C1.

Jennifer, please coordinate with ENA participants and with Sandra R @ 5_6426 to ensure we have the essential folks available.

Updated Proforma Input (Still Preliminary)
We worked with CMI much of last week to revise HRSG configuration to accommodate addition of ST#6. This is turning out to be moderate change to design ... potential cost/schedule impacts still under assessment ... continuing/should finalize this week. Also updated assessment of aux loads -- increased split to GT resulting in reduced net output.

Output = 185 - 3.5 = 181.5 MW net (due to higher GT aux loads)

HR (Plant-net) = 7980/7196 HHV/LHV (increased due to impact of ST#6)

HR (GT-gross) = 10,326/9311 HHV/LHV

Degradation -- See attached curves ... this is the best currently available degradation data. It's a Sieman-Westinghouse curve -- still trying to get MHI data. Typically, either apply curves or use ~5% flat degradation as alternative. Needs to be coordinated with Operating/maintenance plan.

I'll be working with engineering personnel to firm up as much as possible and be ready for meeting this afternoon.

thx/dgs

<Embedded StdOleLink>


call me.

-----Original Message-----
From: Davis, Dana [mailto:Dana.Davis@ENRON.com]
Sent: Friday, November 16, 2001 8:59 AM
To: Frank Telemaque
Subject: RE:

You  baby.

-----Original Message-----
From: Frank Telemaque [mailto:Frank_Telemaque@flexitallic.com]
Sent: Friday, November 16, 2001 8:49 AM
To: Davis, Dana
Subject: RE:

what up baby.

-----Original Message-----
From: Davis, Dana [ mailto:Dana.Davis@ENRON.com
<mailto:Dana.Davis@ENRON.com> ]
Sent: Friday, November 16, 2001 8:25 AM
To: Frank Telemaque (E-mail)
Subject:

Good Morning Mr. Man!

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.

**********************************************************************


---------------------- Forwarded by Nicholas O'Day/AP/Enron on 05/31/2001
09:12 PM ---------------------------
From: Llewelyn Hughes on 05/30/2001 09:57 AM
To: Nicholas O'Day/AP/Enron@Enron, Mark Crowther/AP/Enron@Enron, Michael
Grimes/AP/Enron@Enron, Takashi Kimura/AP/Enron@Enron, Mika
Watanabe/AP/Enron@Enron, Rousseau Anai/AP/Enron@Enron
cc:

Subject: Brattle Report Hits Update

The Brattle report has continued to receive a remarkable number of hits.

For the period May 18th (release date) to May 29th, inclusive, the total
number of downloads for the six files has reached a total of 12,588. This
number indicates the number of 'clicks' for download on any of the six .pdf
files, and is not indicative of successful downloads or saves.

The full hits report is enclosed for the Brattle paper.

Llewelyn


If anyone is interested in playing mixed doubles this Sunday from 9-11 please let me know. I need one person to fill in.  It is a fun group of men, older, but good tennis players.  We meet at 9 at the City Club near Compaq center and usually play three sets.

Please let me know if you are interested.

Thanks,

Amy


Nice job.  Thanks.

	"Philip K. Verleger" <PVerleger@compuserve.com>
	01/24/2001 04:32 PM

		 To: "INTERNET:Jeff.Dasovich@enron.com" <Jeff.Dasovich@enron.com>
		 cc:
		 Subject: Conflicts of Interest

Jeff

I have never been accused of being subtle.  However, someone had to say it
and it is better to say it now than to have it come out later.

Phil

Dear David:

        I am writing this note to you and not the committee.  I am worried
that too many of the signatories can be accused of trying use their
academic positions to achieve results desired by their consulting clients.
I riase this issue because more than one person has told me that "Paul
Joscow is owned by Edison."  While such statements are generally wrong I
believe you need to be sensitive to the potential attack.  In particular, I
worry that our efforts will be undermined if too many of the individuals
signing the report have had extensive dealings with the state's three
largest utilities.  I can just see the headline "Apologists for utilities
offer solutions to state's energy problems."

        You know we will be attacked after we issue the manifesto.  The
question is, will the attacks have merit.  If we were all white as the
driven snow there would be no problem.  However, under such circumstances
we would all be poor.

        For this reason it is important to get independent academics and
non-academics with no connections to the utilities or generators to sign
the manifesto.  I fall into this later category as, I believe, do a number
of other individuals.  The addition of Solow would obviously help as would
Arrow or McFadden.  Dale Jorgenson would also be a great addition because
he has never worked or testified for these firms.  The same goes for Paul
Krugman.  On the other hand, Pual brings some heavy baggage.

        I understand it is important to have as many names attached to the
manifesto as possible.  However, Paul's name may hurt.

Phil


golf at a good course


Steve,

Board goals as promised.

Kevin


Thanks for the note, Sherri.  I know that you read notes mail messages very
promptly!  --Sally


Paul:

It seems to me these types of transactions (at least new ones) could be
covered by an ISDA with some creative confirm work on our part.  It's
certainly not necessary for us to wait for ISDA to get its act together (it
may be quite a wait) - we can come up wit our own definitions.  The financial
power trades might be something of a stretch but we have never had the
question fully reviewed.  I guess this is another matter to keep in mind as
the power pool is restructured:  to the extent we have any influence over the
resulting structure, it would be nice if it fit easily into a standard
financial trading structure.

Just random thoughts.

Mark

Paul Simons
11/03/98 12:52 PM
To: Paul Waine/LON/ECT@ECT
cc: Shari Stack/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT, Edmund
Cooper/LON/ECT@ECT, Mark - ECT Legal Taylor/HOU/ECT@ECT, Lee
Munden/LON/ECT@ECT, Tomas Valnek/LON/ECT@ECT
Subject: Re: ISDA Master -ECTRIC- Morgan Stanley

Paul

Let's get the ISDA in place and then bring in deal types (b) and (c) if and
when possible.

ISDA have been on the verge of amending the Commodity Definitions since I
arrived at Enron!

I'll leave it to Shari to respond to your points of detail. Thanks.

Paul

Paul Waine
03/11/98 17:34
To: Shari Stack/HOU/ECT@ECT
cc: Paul Simons/LON/ECT@ECT, Marie Heard/HOU/ECT@ECT, Edmund
Cooper/LON/ECT@ECT, Mark - ECT Legal Taylor/HOU/ECT@ECT, Lee
Munden/LON/ECT@ECT, Tomas Valnek/LON/ECT@ECT
Subject: Re: ISDA Master -ECTRIC- Morgan Stanley

Shari, a new question arises re this master. ECTRIC trades following
commodity derivatives with MS: (a) oil swaps (priced in USD), (b) UK
electricity - "EFA" elec. forward agreement (priced in GBP) and (c) Nordic
power (priced in norwegian kroner). Are all these commodities covered by the
master - at present the latter 2 are probably not covered by an ISDA
commodity definition, although I understand A&O plan to work on these
definitions with interested parties in UK/Europe. How does the ISDA deal with
FX differences - I guess there is a standard approach - GBP and NOK converted
to USD at spot rate for collateral purposes.

Regards

Paul

Shari Stack
28/10/98 19:11
To: Paul Waine/LON/ECT@ECT
cc: Paul Simons/LON/ECT@ECT, Marie Heard/HOU/ECT@ECT, Edmund
Cooper/LON/ECT@ECT, Mark - ECT Legal Taylor/HOU/ECT@ECT
Subject: ISDA Master -ECTRIC- Morgan Stanley

I was forwarded a copy of your email to Marie Heard and Paul Simons dated
10/19/98. In response to your queries:

1. Date of the Agreement: Notes in our file state that "Francesca" in London
advised that the earliest outstanding trade between the 2 counterparts is
Nov. 4 '93. From a legal perspective, it does no harm to leave the date as is
since all it means is that the Agreement is effective as of that day.

2. "Transferable Letter of Credit": ECT's standard is to have "transferable"
L/C's in order to be consistent with the "transfer" language included in our
Master Agreements. The rationale is that if ECT wanted to transfer its
rights/obligations under the Agreement to an Affiliate, we would want the L/C
to be transferable as well. Put another way - having a non-transferable L/C
would be at cross purposes with having a transferable Agreement.

Also, we in Houston were not aware that ECTRIC does not normally use
"transferable" L/C's. Perhaps this should be made clear to whomever does
ECTRIC's documentation in the future.

In any case, can you pls let me know whether you are happy for "transferable"
to remain in or whether I should go back to MS and ask for it to be
deleted.

3. Name of Guaranteed Party: Agree to change; Marie will have a new first
page of the Guarantee prepared and forwarded to you.

4. Guarantee from MS: The normal procedure is for them to send us their
signed Guarantee when they return our execution copies. The form, though, has
already been agreed and Marie will send you a copy for your information.

5. Collateral: I have discussed this with Paul Simons. As I understand it,
you have concerns whether in the event of the insolvency of MS, ECTRIC could
redeem cash or US T-Bills in order to fulfil MS's obligations to ECTRIC. Mark
Taylor feels that ECTRIC would have an enforceable security interest in cash
even though it may be held in London. Regarding the T-Bills, Paul  mentioned
that there is to be a meeting on this and other matters in the next few
weeks.

In order for us to go ahead and finalise the Agreement, I would be happy to
go back to MS and ask that US T-Bills be deleted as a form of Eligible
Collateral.

Pls let me know with regard to points 2 & 5 as soon as possible.

Kind regards,

Shari Stack


When are you and Laura coming down for a Golf game.

 -----Original Message-----
From: 	Hedstrom, Peggy
Sent:	Thursday, March 29, 2001 9:39 AM
To:	Lavorato, John
Subject:	Re: FW: Extension of Petro-Canada Wholesale Gas Services Arrangement for 5 more years

Thanks for the recognition.  It's very much appreciated.  Hope all is well with you & the family.
Peg

From:	John J Lavorato/ENRON@enronXgate on 03/28/2001 08:48 AM
To:	Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, David W Delainey/HOU/EES@EES, Mark Frevert/ENRON@enronXgate, Louise Kitchen/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT
cc:	Rob Milnthorp/CAL/ECT@ECT, Laura E Scott/CAL/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Eric LeDain/CAL/ECT@ECT, Barry Tycholiz/NA/Enron@ENRON, Mark Koenig/Corp/Enron@ENRON
Subject:	FW: Extension of Petro-Canada Wholesale Gas Services Arrangement for 5 more years

After a great deal of work the Canadian team has renewed our outsourcing arrangement with PetroCanada for another 5 years.  This was a great accomplishment for Enron Canada.  The Logistics, Accounting and Commercial execution over the last 3 and 1/2 years played a key role in extending this deal.

John
 -----Original Message-----
From: 	Milnthorp, Rob
Sent:	Tuesday, March 27, 2001 11:21 AM
To:	Lavorato, John
Subject:	RE: Extension of Petro-Canada Wholesale Gas Services Arrangement for 5 more years

John, as per our telecon, please see the attached for details. Let me know if you require something further.

---------------------- Forwarded by Rob Milnthorp/CAL/ECT on 02/23/2001 05:11 PM ---------------------------
From:	Eric LeDain on 02/23/2001 09:11 AM
To:	Rob Milnthorp/CAL/ECT@ECT
cc:
Subject:	Extension of Petro-Canada Wholesale Gas Services Arrangement for 5 more years

On Wednesday the President of Petro-Canada approved the extension of our Wholesale Gas Services Agreement after the first term expires November 1, 2002, for an incremental 5 years.  This has taken me a a while to get closed (and while doing so we have had to keep up a consistently high level of service), but keep in mind it's not easy to renew something half way through the first term.

This extension is very significant for the following reasons:
1. It creates a MTM income of $2.9 MM CDN, net of directly attributable costs to provide the back-office services;
2. It supports further deal flow and potential incentive arrangement income (along with all the production information etc.);
3. Of even greater importance it provides a very critical and frequently used marketing tool as we continue to build our gas and power businesses across Canada.  As you know, we have used the Petro-Canada arrangement as an example of the services we can provide, not only when marketing in Canada but also in the US and Europe.  Now we can tell potential customers that we not only have provided services to this customer for 3 years, but they've liked it so much they've already extended the agreement for five more years after the first term - the message has to be that we are providing a good quality of service.

Obviously this is a great credit to our Commercial staff and the Operations, Accounting and IT staff that work with Petro-Canada.   I will separately advise each of the individuals who works on this account about the renewal and congratulate them.  It takes alot of effort to "enchant" the customer day after day, year after year.  In fact it's incredibly difficult to be effectively on trial day in and day out as a service provider.

The numbers:
Under the extension, we have provided Petro-Canada with a rebate applied to the remaining term of the agreement from our original base fee.
Original base fee is $1.75 MM CDN per year, payable monthly.

Rebate offered:
Jan/01 - Nov/01				($458,300) CDN
Nov/01 - Nov/02			($517,000) CDN
Fee charged for extension term:
Nov/02 - Nov/03			$1,366,000 CDN
Nov/03 - Nov/04			$1,400,000 CDN
Nov/04 - Nov/05			$1,435,000 CDN
Nov/05 - Nov/06			$1,470,000 CDN
Nov/06 - Nov/07			$1,510,000 CDN

We have thoroughly defined our back-office costs required to provide these services at $428,700 CDN/yr (2000$), and have 3 years of operating history to support this as a projection (with escalation at 2% per year) for the second five year term.  These costs include back-office staff allocations (salaries and benefits), and rent/infrastructure allocation.  We have checked on the allocation of Houston costs, and on a per transaction basis these are insignificant compared to our base business transaction levels.  We do not include commercial staff costs in the above as they are covered by the incentive arrangement and ongoing transaction deal flow.
In discussions with Wes, this definition of the costs and certainty about the arrangement scope, will allow us to MTM this income.  The MTM income of $2.9 MM CDN includes the rebate offered for the last two years of the current term, and has been reduced by the above annual costs.

Notes:
1.  We have not defined the incentive fee for the second five year period yet as we are doing some work at the moment with PCOG on what our benchmark should be, given that much of the intermediate Producers in the group of 40 have disappeared.  We will revise the agreement to reflect the fact that there will be a further revision once the incentive fee is agreed to.
2. If Petro-Canada's sales volumes fall to 60% of last years levels, there will be a price reopener for the remaining term because we have defined the fee as an absolute cost rather than per unit rate.  We also have a reopener on price if the volumes grow to about 140% of today's levels.  Petro-Canada has a growth strategy for gas so this is not at all expected.  Volumes over the last 6 months have increased by about 7-8% year on year.
3. Peter and I should have the amended agreement out next week.


The latest Q4 Target Sheet can now be accessed  via S\Forecast Target Sheet\. The resolution centre has given read access to all recipients of this report, including those in the US. If you have any problems contact myself with any questions.

Earnings to date are $36.2m. With expected trading results of $138.0m and other expected transactions of $44.1m, we are currently showing a shortfall of $74.2m to our target of $292.5m

Please contact Buddy Aiken or myself with any questions or comments.

Regards,

Stephen Evans
x37704


---------------------- Forwarded by Joe Quenet/NA/Enron on 12/12/2000 01:25
PM ---------------------------

rebecca.quenet@eds.com on 12/12/2000 12:17:40 PM
To: joe.quenet@enron.com
cc:

Subject: A friend wanted you to see this!

Rebecca wanted you to see the story
http://abcnews.go.com/sections/business/DailyNews/power_market001212.html
from ABCNEWS.com.


Tana:

Please finalize and I'll initial tomorrow.

Leslie
----- Forwarded by Leslie Hansen/HOU/ECT on 08/02/2000 03:49 PM -----

	David Forster@ENRON
	08/02/2000 03:49 PM

		 To: Leslie Hansen/HOU/ECT@ECT
		 cc:
		 Subject: Re: Cincinnati Gas & Electric ETA

Looks OK - please forward as per usual and I will process.

Dave

Leslie Hansen@ECT
08/02/2000 01:16 PM
To: David Forster/Corp/Enron@Enron
cc:

Subject: Cincinnati Gas & Electric ETA

Dave:

Attached please find an ETA letter with the above-referenced counterparty for
your approval.

Leslie


We have not made public the SCE amount (as far as I'm aware).  We need to make sure that IR is in the loop - I think that Mark Koenig is following this issue.

Jim

 -----Original Message-----
From: 	Williams, Robert C.
Sent:	Wednesday, October 24, 2001 10:36 AM
To:	Steffes, James D.
Cc:	Mahoney, Peggy
Subject:	SCE Stip

Have we disclosed the $125 million SCE number in any other filing that you can recall that is public.  At the FERC maybe?  We are considering including it in our stip to be filed at the CPUC.  Peggy, would this be a problem?


Martin,

I can join the car pool.

Vince

From: Martin Lin on 04/25/2001 10:59 AM
To: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/Enron@EnronXGate, Sandeep
Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lance Cunningham/NA/Enron@ENRON,
Sevil Yaman/Corp/Enron@Enron
cc:
Subject: UT Short Course travel arrangements

If the schedule works, perhaps a carpool is best for attending the course,
given the number of us going.  Vasant has offered to drive.  Dependiing on
driving speed and traffic, leaving Houston by 9:30am should give sufficient
time to make the 1pm class, including some time for lunch.

Please let me know if you are interested in the carpool or have alternate
plans or suggestions.

Thanks,
Martin


ABX 8 - Which includes the QF provisions, the San Diego rate cap/rate
freeze provisions, and the clean-up to ABX 1 requiring the IOUs to pay
DWR, passed out of the Senate on a vote of 27-9, largely along party
lines.    The bill will be heard in the Assembly later today.


Total gross margin/mmbtu for 2001: (includes merchant activity, peakers, etc.)excludes EES Wholesale=

3,643,000,000/152,246,250=24

gross margin related to gas, power, orig & drift for 2001 (excludes EES Wholesale):

2,705,000,000/152,246,250=18

Total gross margin/mmbtu for 2001: (includes merchant activity, peakers, etc.)includes EES Wholesale=

3,115,000,000/152,246,250=20.50

gross margin related to gas, power, orig & drift for 2001 (includes EES Wholesale):

2,177,000,000/152,246,250=14.29

-----Original Message-----
From: Kitchen, Louise
Sent: Tuesday, October 09, 2001 10:25 AM
To: Killen, Faith
Subject: What is our

Gross margin per mmbtu for 2001
--------------------------
Sent from my BlackBerry Wireless Handheld


adesell@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

An issue surfaced during the conduct of the current Spring 2001
TCC Auction related to import limit to New York from Hydro
Quebec (HQ) .  In one round of the Spring auction, bids were
received requesting a large number of TCCs with a POI of the
HQ Proxy bus.  These bids, if awarded, would exceed the HQ
import limit of 1200 MW used in the TCC auctions.

The 1200 MW HQ import limit was based on internal conversations
within the NYISO.  These conversations indicated that congestion
differences between the HQ Proxy bus and internal New York buses
would be produced in SCUC at the 1200 MW import level.  One
auction participant questioned the modeling of the HQ import limit.
After further review, the NYSIO agreed that the HQ import limit used
in the TCC auctions could be increased to 1500 MW, as long as
the same SCUC operating policy for the HQ import was followed.
This policy allows for a 1500 MW HQ import, if at least 300 MW of
that import is due to wheel through transactions.

The ISO will implement this operating policy in the TCC auction as
follows.  TCC awarded from the HQ Proxy bus to internal New York
buses will be limited to 1200 MW.  Total TCC awards from the HQ
Proxy bus will be limited to 1500 MW.  TCCs awarded in the reverse
direction (i.e., into the HQ Proxy bus) will net against those TCCs
awarded in the opposite direction.  Also, existing uses of the
transmission system will be included.  Existing uses include
Grandfathered Rights, Grandfathered TCCs and TCCs awarded
in previous auctions that have not expired.

To incorporate this operating policy in subsequent TCC auctions,
the following bidding rule is being established:

For TCC bids from the HQ Proxy bus to an internal New York bus or
zone and from an internal New York bus or zone to the HQ Proxy bus,
PTID 61844 must be used for the POI or POW as appropriate.

For TCC bids that represent wheels through from the HQ Proxy bus to
another external proxy bus (i.e., NE Proxy, OH Proxy, PJM Proxy) and
from another external proxy bus to the HQ Proxy bus, PTID 23651 must
be used as the POI or POW as appropriate.

These PTID designations will allow the NYISO to identify TCC bids and
properly model those bids as they relate to the Hydro Quebec import
limit in the TCC auction.

PTIDs 61844 and 23651 were chosen because the LBMPs and the
individual components of the LBMPs in the Day-Ahead market are identical.

This new bidding opportunity in the TCC auctions will be allowed
beginning with the May 2001 Reconfiguration Auction scheduled for
April 23, 2001.


Dear Wade:

	Just a note to let you know that visa applications along with your letter and all the supporting documents have been mailed to the Chennai Consulate today (Wednesday June 6th). It should reach the consulate on Friday the 8th. We are praying for a positive response.

Thanks and best regards,
Krishna.


Remi,

No problem. My assistant Shirley Crenshaw will call you Friday to set up a
meeting.

Vince

Remi Collonges@ENRON_DEVELOPMENT
02/24/2000 09:10 AM
To: Vince J Kaminski@ECT, Grant Masson@ECT
cc:
Subject: curves for South America

Vince and Grant,

I have been made responsible for all gas and power curves in South America
(plus books development, reporting, .......).  I have somewhat started but,
since I am new on the job, I'd love to receive advice, guidance (and at some
stage help) from you.  Would you be available for a meeting next week,
preferably Thursday or Friday?   I'm planning to be in Houston these days.

Remi Collonges
(55) 11 5503 1200


"Wayne" is my middle name.  Are you getting nervous yet.... not too much longer!!!  I am looking forward to meeting your bride,,,,,   See you in two weeks!

MC

 -----Original Message-----
From: 	"Wenta, Phillip" <WentaPB@phoenix-cement.com>@ENRON [mailto:IMCEANOTES-+22Wenta+2C+20Phillip+22+20+3CWentaPB+40phoenix-cement+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Sunday, August 12, 2001 6:43 PM
To:	Carson, Mike
Subject:	Middle name

Mike - what is your middle name?...I need to know asap
please.........pbw

Phillip Wenta
Sales & Business Development
Phoenix Cement Co.
916.677.1711 (office)
916.677.1811 (fax)


can you also add :National Fuel Marketing Company.  thanks.


TTotten@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hours beginning 3 and 9 in the September 17,
2001 Real-Time Market as well as the following hours per ECA
20001006B to verify prices:

HQ:  3 and 4
NE:  3 and 4
OH:  3 and 4
PJM: 0-5

Prices in the September 18, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be
found at the following address of our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


thanks for your call about travel to key west.  we were there for new year
after a california visit.  i will be back on jan 24 for a week.  it would be
great to see you there.  if you need a place to stay my friend del brixey
has a room that might be available.  let me know your dates etc...
best to ted and you from us both, hal and doneley
_________________________________________________________________
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