T H U R S D A Y   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )

Thursday: The CRB Index is higher 0.32 points to 214.88. The
US Dollar Index moved higher by 0.38 points to 116.37.

The Dow Industrials climbed 43.66 points, at 10910.44, while
the S&P 500 trended lower by 0.36 points, last seen at 1255.18. The
Nasdaq Composite moved down 27.76 points to 2128.87.

***   FREE OPTIONS INVESTORS KIT
***   http://www.ino.com/specials/barkley/
_____________________________________________________________________

OVER $1.5 MILLION PROFIT IN 1 YEAR
_____________________________________________________________________

TWO SOLID PROFIT OPPORTUNITIES EACH AND EVERY DAY
http://store.ino.com/sale/1E78A/TWIDT-Insider

Dear Trader:

George Angell's market analysis and trading methods have
generated over $1.5 MILLION in profits in a single year.

How does he do it? One of his personal favorites is his
SPYGLASS trading method, which can predict market activity
well in advance - often within three ticks and five minutes
of a major move!

********************************************
*
*    I made $2,153 yesterday using your ideas
*    for the first time. I believe you actually
*    have found the secrets of the market.'
*    - John G., Illinois
*
*    Any system that makes money consistently
*    is a good system, and this is one.
*    The best I've ever used.'
*    - Scott Wilson, Colorado
*
********************************************

INSIDE THE DAY TRADING GAME
- Putting A Spyglass On Profits
- by George Angell

More Information On This Exciting Book At:
http://store.ino.com/sale/1E78A/TWIDT-Insider

Click for Inside the
Day Trading Game!

Order Toll Free 800-538-7424 - 410-867-7424

All claims on third-party products are made by the publisher
and not by INO.com. All Products Guaranteed.

_____________________________________________________________________

E X T R E M E   M A R K E T   C O M M E N T A R Y
_____________________________________________________________________

June Nasdaq futures weaker today. Prices are trading sideways but are
still within striking distance of the April high of 1995. Sideways
trading the past week has negated a fledgling four-week-old uptrend
on the daily bar chart. Bulls still have some heavy lifting to do and
their next upside objective is resistance at the key 2,000 area.
First support is seen at the 1,732 area.

June S&P 500 futures closed firmer today. Prices have leveled off the
past week, after rallying solidly off the early-April low.
Technically, bulls still need to push prices above the 1285
resistance area. My bias is still that any recovery in the stock
market and the stock indexes won't be dramatic, but a slower grind
higher, with fits and starts. First resistance is seen at 1285.00.
First support is seen at 1206.00.

LIVESTOCK: June live cattle closed $0.28 higher at 70.25 today.
Prices scored a consolidative "inside" day on the daily bar chart
today. On Wednesday, prices gapped sharply lower and hit a fresh
eight-month low. Reports that cash cattle traded $1.00 lower this
week sent the futures market tumbling. The June futures are still
overextended on the downside, technically, on a short-term basis. The
bears are in full control of the market. Prices are trading way below
an accelerating two-month-old downtrend line on the daily bar chart.
Next support, basis June, is seen at $69.82--Wednesday's low. First
resistance comes in at the $70.50 level.

August feeder cattle closed up 53 cents today at $80.00. Prices also
posted a corrective rebound after the sharp losses Wednesday. Recent
history continues to play out, as the market bounced up from the
losses of the past two days. But if prices break down below the
bottom of the recent trading range, which is right at Wednesday's low
of $87.40, then the door is opened to a lower trend down to the
January low just above the $86.00 level. Next resistance is seen at
$88.30. First support is seen at $87.40.

June lean hogs closed firmer today. The bears still have the momentum
on their side at present. Next support lies at $67.00--today's low.
First resistance is located at the 69.00 level.

GRAINS: July corn futures closed 6 3/4 cents lower at $1.98 1/4
today. A bearish USDA report indicating large carryover stocks of
corn pushed prices lower today. Prices closed near the session low,
after gapping sharply lower on the daily bar chart. Prices were under
pressure earlier this week after weekly crop progress reports showed
good corn-planting progress in the U.S. The past 25 years of chart
history shows nearby corn futures prices do not stay below $2.00 very
long. However, the shorter-term technicals are very bearish at
present, and would-be bottom pickers don't want to stand in front of
a freight train. Next support is now seen at $1.95. Next resistance
is seen at today's high of $2.03.

July soybeans closed 4 1/2 cents lower at $4.35 today. Prices closed
near the session low amid a bearish USDA report released this
morning. The bearish report did put pressure on the market, but not
the strong pressure corn saw. Traders have factored much of the
bearish news into the soybean market. Odds are lessening that a minor
bull flag could be forming on the daily bar chart. Bears still have
the solid advantage. Fundamentally, there is not much in the way of
good news for bulls right now. I would not be surprised to see the
commodity funds make another downside push in beans in the near term.
It's going to take a significant weather scare this spring or summer
to force prices solidly higher. First resistance is seen at the $4.45
area and then $4.50. First support is seen at $4.30.

July soybean meal closed off $1.80 at $154.50 today. Prices did not
put in that bad of a performance today, given the bearish USDA
report. Prices this week are consolidating after they pushed to a
fresh eight-week high last Friday. Recent price action is still
encouraging to the bulls and is one sign the lows are in place in the
meal market. Next resistance comes in at the $158.50 area. First
support is seen at $154.00.

July bean oil closed 6 points lower at 14.77 cents today. Prices
scored a fresh contract low today of 14.75 cents. Oil is technically
weaker than beans or meal right now. But I would be surprised if
there is much downside left in oil. Next resistance comes in at 15.00
cents. Next support is seen at 14.50 cents.

July Chicago wheat closed 2 3/4 cents higher at $2.68 1/2 today. A
bullish USDA report boosted wheat higher, but prices did back off
from the highs and close near the session low, due mostly to the
weakness in corn and soybeans. Prices just Wednesday touched the
contract low of $2.65. If prices can post a strong bounce in the next
couple sessions, a double-bottom reversal pattern could be forming on
the daily bar chart. Bears are in command. Serious technical damage
has occurred the past few sessions. First support lies at the
contract low of $2.65. Next resistance is seen at $2.73--today's
high.

K.C. July HRW wheat closed up 5 cents at $3.27 1/4 today. A bullish
USDA wheat production figure today boosted HRW. Prices gapped higher
on the daily bar chart, but backed well off the highs by the close.
It will be important for bulls to show some follow-through strength
on Friday. Serious chart damage has been inflicted the past few
sessions and bears still rule. For bulls to get back in the ballgame,
they need to push prices north and fill the downside gap on the daily
bar chart (created last week) by pushing prices to the $3.34 area.
That's a tall order right now. Next resistance is seen at the $3.31
level-- today's high. Next support is seen at $3.21 1/2.

SOFTS: July N.Y. sugar closed 6 points higher at 9.06 cents today. We
now could see a minor bullish pennant forming in sugar, on the daily
bar chart. This many times occurs as prices consolidate steep gains.
A three-month high was scored in July sugar late last week. The bulls
have good momentum and a steep and accelerating six-week-old uptrend
line is still in place on the daily bar chart. Next resistance now
comes in at 9.25 cents. First support is now seen at 8.80 cents.

July N.Y. coffee closed 65 points higher at 68.55 cents today. Prices
closed near the session high. The bulls have gained momentum of late.
This recent upmove is the most significant showing by the bulls since
mid-January. The fact that prices have not sold off sharply the past
few sessions is encouraging for the bulls, too--given recent price
history. Still, the bears could be setting a trap, like they did in
early January. If bulls can push prices above 70 cents and then see
follow-through strength, bears will begin to think this uptrend is
sustainable. First resistance comes in at 70 cents. First support is
seen 65.00 cents.

July N.Y. cocoa closed $28 higher today, at $1,050. Prices today
matched the six-week high scored yesterday, and finished close to the
session high. Tuesday's strong gap-higher trade on the daily bar
chart put the bulls back on a level playing field with the bears. If
prices can push higher Friday, bulls will have the edge. Prices this
week pushed above and negated a 2.5-month-old downtrend line on the
daily bar chart. Next resistance comes in at $1,060. First support is
now seen at $1,025.

July cotton closed 60 points lower at 44.83 cents today. Prices
scored a new contract low in the wake of a bearish USDA report.
However, most traders did expect the bearish figures in the
report--namely high carryover stocks. Cotton is presently in a strong
bear market. Right now, any rebounds are likely to be just selling
opportunities for the bears. But, my bias is still that we are not
that far from a bottoming process. Next support lies at 44.00 cents.
First resistance is seen around 47.00 cents. Would-be bottom-pickers
should beware.

July orange juice futures closed 80 points higher today, at 79.50
cents. Prices closed near the session high again today after
Wednesday pushing higher and filling an important downside gap area
on the daily bar chart. Today's USDA report was termed mostly neutral
by the trade. Bulls are gaining confidence after the past two days'
action. Next resistance is now seen at 80.00 cents. Next support
comes in at 78.00 cents.

METALS: June COMEX gold closed off $0.90 today, at $269.50. Prices
corrected a bit today after Wednesday's strong gains that pushed
prices to a two-month high. This market is in a nice uptrend since
scoring its early-April low. This week's type of price action is what
bulls needed to gain confidence to trek farther north on the chart.
Next resistance is located at $273. First support is seen at $268.00.

July silver closed down $0.065 today, at $4.35 an ounce. Prices sold
off sharply today after rallying sharply Wednesday. This should not
surprise many. Silver prices are still not that far above the
contract low. Prices are chopping at lower levels, and this suggests
a "basing" action that many markets need to change the trend from
down, to sideways, to eventually up. Next support is seen at $4.30.
First resistance is seen at $4.425. Bears still have the advantage.

July N.Y. copper closed 40 points lower today, at 75.95 cents. Prices
today matched the contract low scored in early April. The stock
market and the U.S. economy will have to be healthy before the bulls
can really get something going in copper. Next resistance is seen at
77.00 cents. Next support is seen at 75.00 cents.

ENERGIES: July crude closed $0.12 higher at $29.06 today. Prices
closed well off the high of $29.43. Bulls and bears are still at a
stand-off, but bull will gain the edge on a move above $29.50. Expect
more choppy trading. Next support is seen at 28.00. Next resistance
lies at $29.50.

July heating oil closed 5 points higher today, at .7715. Bulls still
have the slight edge. Look for more choppy trading in the near
future. Next support is seen at 75.00 cents. Next resistance is seen
at 79.00 cents.

July unleaded gasoline closed 29 points lower at 1.0040 today. Prices
scored a new contract high just Monday. Bulls are still in command as
peak driving season nears. Top-pickers beware! Next resistance is
seen at $1.03. First support is seen at $.9780.

July natural gas closed 13.7 cents higher at $4.41 today. After,
prices hit a fresh five-and-one-half-month Wednesday, we saw a
corrective bounce today. Next support is seen at $4.20 and first
resistance is at $4.50. This market is still short-term oversold,
technically.

FINANCIALS, CURRENCIES: The June Euro currency closed 32 points lower
at .8812 today. Prices scored a bearish "outside day" down today and
pushed to a fresh four-week low. Bears have the edge. The European
Central Bank (ECB) cut interest rates today, which initially boosted
the Euro, but those gains were short-lived. My bias is still that
there is not much downside left in the Euro. Look for more choppy
action in the near term. Next support is now seen at .8750. Next
resistance is seen at .8900.

The June Japanese yen closed 33 points lower at .8190 today. Bears
are in control. Bulls are hoping for some "basing" activity at lower
levels, and that may be occurring, although it's too early to tell.
Next support now lies at the .8100 level. First resistance is seen at
the .8326 level.

The June Swiss franc closed 3 points lower at .5744. Bears are in
command as prices scored a bearish "outside day" down on the daily
bar chart today. Prices pushed to a fresh four-week low today. Still,
my bias is that prices won't deteriorate much more. Next support is
seen at the .5700 level. First resistance comes in at the .5800
level.

The June Australian dollar futures closed unchanged at .5234 today.
Prices pushed to another fresh two-month high today. The bulls have
the advantage as a six-week-old uptrend line is in place on the daily
bar chart. First resistance is now seen at .5300. First support is
now seen at .5200.

The June Canadian dollar closed 20 points lower today, at .6478.
Monday's key reversal does not indicate prices are headed back toward
the lows seen a few weeks ago. What it does suggest is a downside
correction to the recent gains may occur over the near term. Bulls
still have the slight edge, on a short-term basis. This currency had
been near recent historic lows and I do not think there is much more
downside. Next resistance is seen at the .6548 level. First support
is seen at the .6450 level.

The June British pound closed 18 points higher at 1.4218. Trading
continues choppy at lower levels. This currency was not that far
above recent historic lows and I do not think there is much more
downside in the sterling. One could argue that price action the past
few weeks has been a "basing" before prices eventually turn north. A
move above the 1.4500 level would be considered a bullish "upside
breakout" from the recent congestion area. A move below 1.4100 would
be considered a bearish downside breakout. Next support is now seen
at the 1.4160 level. Next resistance comes in at the 1.4300 level.

The June U.S. dollar index closed 30 points higher at 116.52 today.
Prices scored a bullish "outside day" up on the daily bar chart, and
pushed to a fresh four-week high. Bulls have the momentum in the near
term. Next resistance lies at the 117.00 level. First support is seen
at the 115.50 area. My bias is still that a near-term top is in place
in the dollar index, but if prices push above the 117.00 area in the
near term, odds increase that a new high will be scored.

June U.S. T-bonds closed 1 6/32 lower today at 101 1/32. Bulls today
lost most of the momentum they had gained last week. A surprise
interest rate cut by the European Central Bank pressured the U.S.
debt market. See more on the bond market in this evening's
newsletter. Next support is seen at 100 even--par. First resistance
is seen at 102 16/32 level.

The June U.S. T-note closed off 27.0 (32nds) today at 104.12.5. Bears
have the slight edge and prices scored a bearish "outside day" down
on the daily bar chart today. First support is seen at the 104.00.0
level. First resistance is seen at 105.10.5--today's high.

Daily Extreme Commentary is brought to you by GLOBALcharts,
INO.com's end-of-day charting software for Futures, Futures
Options and Optionable Stocks. http://www.globalcharts.com
Search the INO Store  - http://store.ino.com/
_____________________________________________________________________

T O P   N E W S
_____________________________________________________________________

STOCKS

Japan Stocks Review: Nikkei falls 0.48% ahead of Friday's fixing
   http://news.ino.com/summary/?id=25286
US Equities Review: Nasdaq slips; Retailers, cyclicals support DJIA
   http://news.ino.com/summary/?id=25285
UK Stocks Review: Rate cuts boost fails to push FTSE over 6,000
   http://news.ino.com/summary/?id=25292

FOREX

US FX Review: Euro buckles after surprise ECB interest rate cut
   http://news.ino.com/summary/?id=25288
Asia FX Review: Trading stuck in a tight range in Asia
   http://news.ino.com/summary/?id=25293
Europe FX Review: Euro slides on surprise ECB rate cut
   http://news.ino.com/summary/?id=25287

CREDIT

US Credit Review: Bond dn 1 5/32, weekly jobs data spark sales
   http://news.ino.com/summary/?id=25284
Europe Credit Review: Curve steepens sharply on surprise ECB cut
   http://news.ino.com/summary/?id=25289
Japan Credit Review: Jun posts small gains in range-bound trades
   http://news.ino.com/summary/?id=25291

COMMODITIES

US Futures Summary: USDA data sink corn, cotton; natural gas up
   http://news.ino.com/summary/?id=25290

EXCHANGES

CFTC And SEC Propose Joint Rules For Security Futures
   http://news.ino.com/press/?release=23937
Pacific Exchange To Trade Options on Agere Systems Inc.
   http://news.ino.com/press/?release=23936
Minneapolis Wheat Options Open Interest Tops 10,000
   http://news.ino.com/press/?release=23567
Single-Day Volume Record For Kansas Wheat Options
   http://news.ino.com/press/?release=23566

____________________________________________________________________________

E X T R E M E   F U T U R E S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/futures/

WINNERS

BDN1   Oriented Strand Board Jul 2001             220.00      8.00  +3.77
NGM1   Henry Hub Natural Gas Jun 2001              4.348     0.153  +3.64
CCK1   Cocoa May 2001                               1096        30  +2.81
ZM1    U.S. Treasury 6% Bond Jun 2001          103 184/256   2 22/32  +2.66
XHM1   Lean Hogs Jun 2001                          68.55      1.73  +2.59
LHM1   Lean Hogs Jun 2001                         68.400     1.475  +2.20
ERY0   FTSE Eurotop 100 Cash                      3333.7      69.2  +2.12
PBG2   Frozen Pork Bellies Feb 2002               70.200     1.300  +1.85
KWK1   Wheat May 2001                                320         5  +1.59
HOK2   Heating Oil May 2002                       0.7056    0.0105  +1.49

LOSERS

XCN1   Corn Jul 2001                             198 1/4    -6 3/4  -3.29
CN1    Corn Jul 2001                             198 1/4    -6 3/4  -3.29
NGQ3   Henry Hub Natural Gas Aug 2003              4.067    -0.120  -2.95
ON1    Oats Jul 2001                             108 3/4    -3 1/4  -2.90
PAM1   Palladium Jun 2001                         660.60    -14.00  -2.08
SK2    Soybeans May 2002                         447 1/2    -8 1/2  -1.86
NDM1   NASDAQ 100 Index Jun 2001                 1841.00    -34.50  -1.84
SMH2   Soybean Meal Mar 2002                       146.5      -2.7  -1.81
SIU1   Silver Sep 2001                             4.375    -0.076  -1.71
XSX1   Soybeans Nov 2001                         422 1/4    -7 1/4  -1.69
____________________________________________________________________________

E X T R E M E   S T O C K S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/stocks/

WINNERS

INGN   Introgen Therapeutics                        7.16      2.56  +55.65
FHRX   FIRST HORIZON PHARMAC'L                     24.66      5.44  +28.19
SRV    SERVICE CORP INTL                            5.86      1.23  +26.39
ROYL   ROYALE ENERGY                               15.06      3.13  +26.30
CVST   Covista Communications                       5.90      1.21  +22.83
NICK   NICHOLAS FINANCIAL INC                       7.00      1.11  +17.76
BIOI   BIOSOURCE INTL                              10.45      1.54  +17.26
PLCE   CHILDREN'S PLACE RETAIL STORES              28.58      4.18  +17.13
FPIC   FPIC INSURANCE GRP                          11.45      1.68  +17.11
MEDM   MEDAMICUS INC                                7.55      1.04  +15.52

LOSERS

CTLM   CENTILLIUM COMMUNICATIONS(IPO)              23.59     -8.00  -25.33
MAXC   MAXCO INC                                    7.50     -1.43  -19.07
VGIN   VISIBLE GENETICS                            15.05     -2.91  -16.62
AMCV   AMER CLASSIC VOYAGES                         5.45     -1.07  -16.34
RTIX   REGENERATION TECHNOLOGIES                   11.29     -2.17  -16.30
MCRI   MONARCH CASINO & RESORT                      5.45     -0.85  -15.45
USLBW  U.S. LABORATORIES WRRT                       5.95     -0.94  -15.44
APCS   ALAMOSA PCS HLDGS                           12.30     -2.18  -15.18
QLTI   QLT INC                                     23.81     -4.05  -14.54
AETH   AETHER SYSTEMS                              13.48     -2.26  -14.37

FREE MANAGED FUTURES & IRA RETIREMENT KIT
http://www.ino.com/specials/icm/
_____________________________________________________________________

T H A N K   Y O U
_____________________________________________________________________

Thank you for subscribing to the Extreme Markets Daily Digest from INO.com
( http://www.ino.com/ ). If you want to subscribe to our other email
services, or would like to modify your profile please visit
http://www.ino.com/email/.

To subscribe a friend, visit:
  http://www.ino.com/email/

To unsubscribe, visit:
  http://www.ino.com/email/remove/?email=mike.grigsby@enron.com&list=evening

--
Copyright 1998-2001 INO.com. All Rights Reserved.


Hey,

How's your day going?  Mine's been really good...I probably shouldn't have
said that.  I've actually felt like I'm accomplishing something today.  Isn't
that novel?  We have Treebeard's for lunch today, YUCK.  It was actually
pretty funny.  We weren't supposed to have food today, but the Treebeards
delivered for the traders on the wrong day, so we get a free lunch.

What are you doing for lunch?  I don't think I can handle Treebeards, so I
was thinking of going to Subway.  Wanna go?

Bye.
Robin


Hey Danny,

When does the next flag football season start at the YMCA?  We would like to
play in the next league.

Also,  are you planning to have another flag football tournament this
summer?  If so, when?

Thanks,

Eric


What are you talking about?

Stacey

 -----Original Message-----
From: 	"Russell White" <russellt@cottonrestorationinc.com>@ENRON
Sent:	Tuesday, December 18, 2001 7:18 PM
To:	White, Stacey W.
Subject:

Guess we are not going to Chad's  then.


131153 133958 156438 107197

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


Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363

 -----Original Message-----
From:  Rorschach, Reagan
Sent: Thursday, May 17, 2001 11:04 AM
To: Kroll, Heather
Subject: MDEA Docs

Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363


Please help us with our market research class!
We would appreciate your input into a Market Research survey that we are
conducting as part of a class at the Haas School of Business at UC Berkeley.
Thank you very much for your help.
>
> Go to: http://www.zoomerang.com/survey.zgi?283M9M703MVS1BVWNCTNVTVE
> Please click this link now (or go online and retype the address  into your
Web
> browser).    If you do not want to take this or other surveys, please
click "reply" and
> ask the survey creator  to remove you from the email list.
>
> Zoomerang is a survey clearinghouse. We do not censor the questions or
> messages in the surveys or the invitations to take surveys that third
> parties may propound, nor do we censor the responses you may provide. The
> sender of a survey is solely responsible for the subject matter and contents
> of the survey invitation and survey in which you participate, and you are
> solely responsible for the contents of your response.
>
> According to Zoomerang's Terms of Agreement,
<http://www.zoomerang.com/join/terms-of-agreement.html> survey senders
> promise that they have an ongoing business or personal relationship or
they've obtained
> consent to send emails to survey recipients. Please send questions to
abuse@zoomerang.com.
>

--
************************************
Kara Cosby
'02 MBA Candidate
Walter A. Haas School of Business
U.C. Berkeley
Home: 510.845.5673
Cell: 510.708.9065
************************************


Can I change my deals or are they calcing in risk?

   Kate Symes                04/18/2001 03:56 PM

To: Rhonda L Denton/HOU/ECT@ECT
cc:
Subject: Re: Sierra pacific industries

I've changed deals 581499 and 581605 to Sierra Pacific Power. They're suposed
to be transmission deals, they were just in with the wrong counterparty name.
And thanks again for working so hard to finalize this Sierra Pacific Holding
Co. thing.

Kate

Rhonda L Denton
04/18/2001 01:39 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Sierra pacific industries

Kate, I am changing the forwards to the HOlding Company.  There are 2
transmission deals with Sierra Pacific Industries that I think should be
Buy/Resales.  We do not have transmission with either entity.  Can you check
and see if the counterparty should be changed or they should be Buy/Resales?
Thanks.


We will meet to discuss a system for the Power Traders to provide real-time pricing, curve shift, positions, etc. as discussed last year.

Thanks,
Corry Bentley
3-0421


OH, now I'm getting one word responses.

-----Original Message-----
From: Frank Telemaque [mailto:Frank_Telemaque@flexitallic.com]
Sent: Friday, November 09, 2001 3:36 PM
To: Davis, Dana
Subject: RE: What's happening? Are you still there?

yes,

-----Original Message-----
From: Davis, Dana [mailto:Dana.Davis@ENRON.com]
Sent: Friday, November 09, 2001 3:33 PM
To: Frank Telemaque
Subject: What's happening? Are you still there?

I haven't heard from you in a while.

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

INSIST UPON GENUINE FLEXITALLIC GASKETS!
Anything else is just a copy.


----- Forwarded by Jeff Dasovich/NA/Enron on 04/09/2001 03:13 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	04/09/2001 04:02 PM

		 To: "'Andy Brown (E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'"
<andybrwn@earthlink.net>, "'Baker Carolyn (E-mail)'"
<cabaker@duke-energy.com>, "'Bob Escalante (E-mail)'"
<rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "Dean. Nistetter (E-mail)"
<Dean.Nistetter@dynegy.com>, "'Douglas Kerner (E-mail)'" <DKK@eslawfirm.com>,
"'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan Smutny-Jones (E-mail)'"
<smutny@iepa.com>, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com>,
"'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Larrea (E-mail)'"
<john.g.larrea@williams.com>, "'John Stout (E-mail)'"
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Lynn Lednicky
(E-mail)'" <lale@dynegy.com>, "Marie Moretti (E-mail 2)"
<mmoretti@mccabeandcompany.net>, "'Marty Wilson (E-mail)'"
<mwilson@pstrategies.com>, "'McNally Ray (E-mail)'"
<rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'"
<nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell
(E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com>, "Tom
Williams (E-mail)" <tcwillia@duke-energy.com>, "'Alex Sugaoka (E-mail)'"
<alex.sugaoka@uaecorp.com>, "'Bill Carlson (E-mail)'"
<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Gates (E-mail)'" <bob.gates@enron.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>,
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'"
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>,
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'"
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'"
<frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'"
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'"
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>,
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'"
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'"
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)"
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>,
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>,
<trusso@mcnallytemple.com>, <sadlersa@earthlink.net>, <mstultz@epsa.org>,
<rtemple@mcnallytemple.com>, <tracy.fairchild@edelman.com>,
<megan.beiser@edelman.com>, <deborah.fiorito@dynegy.com>, <lchurch@epsa.org>,
Katie Kaplan <kaplan@iepa.com>, <tcwillia@duke-energy.com>,
<rwhyde@duke-energy.com>, <tmcmorrow@manatt.com>
		 cc:
		 Subject: Congressional Hearing Schedule/State Senate Hearing Rescheduled

Following is detailed information regarding the Congressional hearing
schedule this week.

I have just learned that the State Senate Investigative hearings originally
scheduled to begin at10am this Wednesday at the State Capitol has been
rescheduled for the 18th.

If you hear otherwise please let us know asap.

Below are:
 ?  Press Release issued by House Committee outlining hearing schedule and
location
 ?; Media Advisory that outlines hearing participants

Thanks,
Jean

--
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)

California Public Utilities Commission President to Testify Tuesday;

Press Release:
Federal Energy Regulatory Commission Chairman to Testify Wednesday

Witnesses were finalized today for three Government Reform Committee hearings
next week on the California energy crisis:

California Public Utilities Commission President Loretta Lynch will testify
Tuesday morning in Sacramento, where the focus will be on actions taken by
state regulators. She will be joined by the President and CEO of the
California Independent System Operator, Terry Winter.

Federal Energy Regulatory Commission Chairman Curt Hebert will testify
Wednesday in San Jose. He will be followed by senior officials from Pacific
Gas and Electric and Southern California Edison.

Wednesday?s hearing in San Diego will feature testimony from major wholesale
energy producers, including Reliant Energy and Williams Energy Services.

Times and locations are listed below. For a complete witness list, please see
the Committee?s website: www.house.gov/reform.

Schedule:
TUESDAY, APRIL 10, 2001 11 a.m. PST

Sacramento Convention Center

1400 J Street - Room #204

WEDNESDAY, April 11, 2001 9:30 a.m. PST

San Jose State University

One Washington Square in Loma Prieta Ballroom

THURSDAY, April 12, 2001 10 a.m. PST

San Diego Board of Supervisors

1600 Pacific Highway- Room #358

;

-30-

;Media Advisory:;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;; Contact: Mark
Corallo/ Josie Duckett
April 5, 2001 ;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;; (202)225-5074

;

*** Media Advisory***

WASHINGTON, D.C. --- The House Government Reform Committee will hold three
field hearings next week in California to look into the state?s energy
crisis. The hearings, entitled ?Assessing the California Crisis: How Did We
Get to This Point, and Where Do We Go From Here?y will take place on April 10
in Sacramento, April 11 in San Jose and April 12 in San Diego.

TUESDAY, APRIL 10, 2001 11 a.m. PST

Sacramento Convention Center

1400 J Street - Room #204

Panel One
Mr. Ed Yates - Senior Vice President, California League of Food Processors

Mr. Lewis K. Uhler - President, The National Tax Limitation Committee

Mr. Pete Verboom - Glenn County Dairyman

Panel Two

Mr. Kevin Madden- General Counsel, Federal Energy Regulatory Commission

Mrs. Loretta Lynch - President, California Public Utilities Commission

Mr. Terry M. Winter - President and Chief Executive Officer, California
Independent System Operator

Mr. Larry Makovich - Senior Director, Cambridge Energy Research Associates

Panel Three

The Honorable J. William MacDonald - Acting Commissioner, Bureau of
Reclamation

Mr. Brian Jobson - Principal Power Contract Specialist, Sacramento Municipal
Utility District

Ms. Becky Dell Sheehan - Principal Power Contract Specialist, California Farm
Bureau Federation

Mr. Lewis K. Uhler - President, The National Tax Limitation Committee

WEDNESDAY, April 11, 2001 9:30 a.m. PST

San Jose State University in Loma Prieta Ballroom

One Washington Square

Panel One

The Honorable Curt Hebert - Chairman, Federal Energy Regulatory Commission

Panel Two

Ms. Dede Hapner - Vice President, Regulatory Relations, Pacific Gas and
Electric Company

Mr. Robert G. Foster - Senior Vice President of External Affairs, Southern
California Edison

Dean N. Vanech - President, Delta Power Company

Mr. Paul E. Desrochers - Director of Fuel Procurement, Thermo Ecotek

THURSDAY, April 12, 2001 10 a.m. PST

San Diego Board of Supervisors Room #358

1600 Pacific Highway

Panel One

Mr. Sam Hardage - President, Woodfin Suite Hotels, LLC

Mr. John Wiederkehr - President, Certified Metal Craft, Inc.

Mr. Douglas Barnhart - President, Dougles E. Barnhart, Inc.

Mark W. Seetin - Vice President Government Affairs, New York Mercantile
Exchange

Panel Two

Kevin Madden- General Counsel, Federal Energy Regulatory Commission

Stephen L. Baum - Chairman, President & Chief Executive Officer, Sempra Energy

Mr. Steve Malcolm - President, Williams Energy Services

John Stout - Senior Vice President for Asset Commercialization, Reliant Energy

;

NOTE: Witness List is subject to change
;
;


Thanks!  Our team has been working on the supreme decree for over two years
and it is gratifying to finally bring this in, given that it will have a
significant financial benefit for Enron/Transredes.  I have included an
executive summary and detailed report below.

Executive Summary

Through the efforts of the Transredes regulatory team:

A presidential Supreme Decree, establishing a new tariff methodology for
Bolivian gas transportation, has issued and gone into effect.

The recovery mechanism we proposed will allow Transredes to recover over
US$100 million, which was at risk.  This amount, residing in the gas deferred
account, will be recovered over 20 years (instead of 25 under the former
regulations) and will take the form of a surcharge on all gas transported by
any pipeline in Bolivia (instead of being assessed only on Transredes
transport volumes, as per the former regulations).

In the future, Transredes will be able to fully recover all of its prudently
incurred costs, and the full rate of return contemplated by the Hydrocarbon
Law, via tariffs charged for transportation on the domestic and export oil
concessions, and the export gas concession.

The mechanism advanced by government to subsidize the transportation tariff
of the domestic gas concession in the future will, in all likelihood, allow
Transredes to receive the full rate of return contemplated by the Hydrocarbon
Law, although the mechanism needs to be fleshed out further.

The Supreme Decree will also allow Transredes, rate case, financing program
and pending bond issue to move forward.

Detailed Report

This is a significant development in the Bolivian regulatory arena.  The
Supreme Decree, establishing a new tariff methodology for natural gas
transportation in Bolivia, was signed by President Banzer and was published
in the official gazette on Wednesday.  We officially learned about it
yesterday upon receipt of a certified copy.  The new methodology and
regulations are now in effect.

The decree provides for full recovery of Transredes' gas deferred account
over the next twenty years via a surcharge on ALL volumes exported from
Bolivia, whether transported by Transredes or not.  The magnitude of the gas
deferred account is much greater than anticipated due primarily to severe
export shortfalls as compared to projected export volumes.  This is due in
large part to delays in the development of the Brazilian market and to
expiration of gas sales and export agreements between Bolivia and Argentina
(in 1999). Please see the attached graph comparing the volumes projected by
the Bolivian government to set transitory tariffs, prior to privatization,
with the actual volumes transported.

The gas deferred account is estimated to be approximately US$101 million
(plus approximately US$ 60MM for the hydrocarbon liquids deferred account,
giving a total of US$161MM).  Please see attached Gas Deferred Account and
Total Deferred Account graphs.  These amounts represent the shortfall in
revenues experienced due to insufficiently high transitory tariffs, plus the
cost of capital at 7%.

The recovery mechanism for the gas deferred account represents the mitigation
of a significant exposure that existed at the time we acquired the company:
the transportation concessions are nonexclusive and producers have the
explicit right in the Hydrocarbon Law to build their own (bypass) pipelines,
yet the deferred account recovery mechanism placed the burden of recovery
solely on the transportation tariffs of Transredes.  The change in
regulations not only secures recovery of these amounts in a commercially
viable manner but will dis-incentivize threatened bypasses.

In the future, Transredes will also be able to fully recover all of its
prudently incurred costs and rate of return via tariffs charged for
transportation on the domestic and export oil concessions, and the export gas
concession.  We believe that the tariff mechanism for the domestic gas
concession may require additional detail work.  The mechanism provides for a
ceiling rate of US$0.41 for transportation in the domestic concession and a
surcharge on all export volumes of US$0.03. These tariff components will not
be sufficient to recover the costs and rate of return contemplated by the
Hydrocarbon Law to be recovered by Transredes.  However, there appears to be
no impediment to collecting the revenue shortfall in the Transredes export
gas tariff.  The regulatory team will continue trying to "firm up" this
mechanism.

The Supreme Decree will also allow Transredes' rate case to move forward.
The rate case filing made in late January kicked off a process that will
culminate in the approval of new economic rates to be effective on May 16.
The decree and rate case filing will also allow the Transredes financing
program and pending bond issue to move forward.  These have been stalled for
months due to lender doubts and uncertainty about rates and recovery of the
deferred account.

Richard Shapiro
03/22/2001 05:50 PM
To: Ray Alvarez/NA/Enron@ENRON
cc: Steven J Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron

Subject: Re: Supreme Decree

Congrats!!

Ray Alvarez
03/22/2001 04:29 PM
To: Richard Shapiro/NA/Enron@Enron
cc:

Subject: Supreme Decree

Rick, I heard from my Bolivia regulatory team that the supreme decree is a
reality and that it is very positive- including full recovery of the $100MM
gas deferred account that we were hanging out on.  I will provide more
details as soon as I receive them.  Ray


Dear Mr. Kaminski:

This is to confirm the December 6th Meeting here at our Center.

The location for the meeting is Room # 3212 Steinberg Hall-Dietrich Hall and
the time will run from 9:00 AM - 11:00 AM.

Please let us know if you need anything further.

We look forward to seeing you then.

Regards,

Theresa Convery

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Theresa Convery
Administrative Assistant
Risk and Decision Processes Center
The Wharton School of the University of Pennsylvania
(215) 898-5688/Fax: (215) 573-2130
tconvery@wharton.upenn.edu


March 31, 2001 is my last day at Enron.  My years at Enron has been a very
exciting and challenging period in my life.  Nevertheless, I,m very excited
to be moving on to new things as well.  I shall miss many of the good people
there that I have had the honor to work with.  As of the beginning of April
my Enron address will be invalid, please contact me using the below added
means.

Tom Delaney
1929 E. Seminole Dr.
Phoenix, Arizona 85022
TomDelaneyAZ@aol.com
         602-321-5017


FYI - what do you all think?
---------------------- Forwarded by Brenda F Herod/HOU/ECT on 12/20/99 08:19
AM ---------------------------
From: Dave Nommensen on 12/17/99 05:29 PM
To: Scotty Gilbert/HOU/ECT@ECT
cc: George Smith/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT,
Brenda F Herod/HOU/ECT@ECT, Richard Pinion/HOU/ECT@ECT
Subject: Re: purge of old Contract_Event_Status

Just to clarify, its not the relative age of the production date, but the age
of the event itself.

d.n.

To: George Smith, Edward Terry/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT,
Bryce Baxter/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Brenda F
Herod/HOU/ECT@ECT
cc: Richard Pinion/HOU/ECT@ECT, Dave Nommensen/HOU/ECT@ECT
Subject: Re: purge of old Contract_Event_Status

Do any of you see a problem with limiting this to the current month or
current month +1
Need to know soon

Scotty

	From:  Dave Nommensen                           12/17/99 03:25 PM

To: Scotty Gilbert/HOU/ECT@ECT, Richard Pinion/HOU/ECT@ECT
cc: Trisha Luong/HOU/ECT@ECT, Benedicta Tung/HOU/ECT@ECT, Diane E
Niestrath/HOU/ECT@ECT, Dave McMullan/HOU/ECT@ECT
Subject: purge of old Contract_Event_Status

Scotty/Richard,

Our DBAs would like to see what we can do to reduce the qty of rows in
Contract_Event_Status.  We have over 1 Gig of data in that table.  I would
like to suggest we have a nightly or weekly or monthly process to delete any
row with a Last_Mod_Date over a month (or two) old.  So if someone balances
February 1999 this month, we will keep it around for a month (or two).

Does any one else have a desire to keep this data for a shorter/longer period
of time?

This is not an audit table.  This is just a "log" every nom/track/balance/EDI
send/Fax send/sched qty/quick response since the beginning of time.

d.n.


Suzanne,

I glanced at the presentation.  It looks good.
Two comments:
1.  Could we use our older machines for home use?  They are still very good
they just aren't the newest technology.  All are fast, CD ready  with plenty
of memory.  It could knock the cost down significantly.
2.  I would have the cost of Houston only to start with as a pilot.  That
would reduce our initial costs significantly even for NA.  I recommend that
you at least know what that cost is as a fall back position.

Good luck.  Your teams hard work really shows here.

mike


PRTate01: don't know if you've asked before, Northeast in Janelle's region is Brian Smith.  He was already a Cinergy employee, but moved into her group.  ring a bell?


Daren do you have a problem if I copy the 2000 deal (362125) for Pioneer and
make a new one for 2001.  They have flow in Jan. This is giving me a meter
allocation exception forJan.  Let me know thanks.


Samantha,

A Counterparty has traded two deals on EOL in which their Trader was logged
in as the wrong entity.  Correct Counterparty is TransCanada Energy Financial
Products Limited.  The entity they traded under (and are not allowed to do
Financial deals under) is TransCanada Energy Marketing USA, Inc.  Can you
have someone create an Assignment Agreement to move these to the correct
entity?  The deal numbers are QF1574.1 (EOL #668266), and QF2534.1 (EOL
#670690), both traded on December 7, 2000.  Enron entity is Enron Canada Corp.

Thanks,
Joe


Congratulations to all on your recent promotions!  GREAT JOB!

Jeff Harbert
Clickpaper.com


Dear Kenneth,

    Sorry to have to bother you at  this time.. But maybe this is just what you need. And if things work out, please  consider a meeting with me to talk about a job.
    First get you and your crew in  front of that camera, preferably also surround yourself with alot of employees.  And let the world know that Enron is not going to roll over! I just talked to  you secretary, nice lady! BTW, she has my number.. And I see that your employees  still believe in your company.
    Second, do like Lee Iaiccoa did  with Chysler. Take your pay down to $1.00 for next year pending on how well  Enron recovers. Also ask you employees to take a pay cut by 50% for the next  couple of weeks effective today. Also make yourself and you top people available  to get the world markets to give you the room you need to be able to conduct  business. AND you know the rest.. I am sure you have some really sharp minds at  Enron.. PUMP the the emplyees up about doing whatever they can do to bring you  all back from disaster! AND MOST IMPORTANT!  KEEP EVERYTHING PUBLIC! No  matter what..  Also when you get time go around to everyone you can in the  company and apoligize, but most of all encourage them to keep up their good  work. You probably already know good leaders lead by example. Now is sure the  time of you life to make the difference and changes you and your people need to  do. When the dust clears, and I sure hope it does. Take time to get a more  personal relationship with all you people, even the lowliest ones. If you think  far enough back its' the quality of the little guy that makes the  difference.  On closing, I just got this feeling I know you can make the  difference. May God bless you. And don't be afraid to ask for his help.   Godspeed to you and yours.

SIncerely,
Jim Long

P.S. when things settle down, I REALLY know how to  make the broadband thing work! No joke.. I quit one of the first big DSL  companies cause of bs'ing customers.
P.S.S Feel free to call me anytime  313.336.5047


Attached is the power point presentation from the CEC?and  a summary of
program design improvements suggested by meeting participants. I  will also
be sending the presentation from SCE and Global Energy partners  soon.
?
Thank you all for participating.
?
We have tentattively plannec to have a similar updating  workshop in the
first week of September. Please let me know if you would be  interested in
attending.
 - drprograstat.ppt
 - progimprov.doc


trying to get a head count on who wants to go to def leppard.   everyone
knows they love def leppard so i don't want any replies making fun of me b/c
i am going to the concert.  it is march 1st and it is gonna rock.   the whole
thing is gonna be mullets and cougars so it should be fun.  let me know if
you want to go.


1 800 275  8777
Post Office Locator


Start Date: 4/8/01; HourAhead hour: 3;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040803.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 3 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/8/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SKEETER
  ENGY_TYPE: WHEEL


Attached for your review, comment and suggested changes is a draft of the
remarks that Mark Baldwin will make on behalf of TW at the upcoming CPCU
hearing.  Mark, I think you did an excellent job at framing the issues.  I
hope my editing didn't interfere with the solid content embodied in your
draft.

Since Mark will be presenting on Tuesday, if possible, please have your
comments/suggestions/changes back to me by noon, Monday.

Thank you.

Jeff


Kay, can you set up a one hour to half an hour with each if possible.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 09/06/2000
03:18 PM ---------------------------

Shawn Cumberland@ENRON_DEVELOPMENT
09/06/2000 02:02 AM
To: David W Delainey@ECT, Kay Chapman@ECT
cc:
Subject: Contacts

Kay,

Dave asked me to send you a note to set up meetings for him with two of our
executives:  Mariella Mahan and Dan Castagnola.

It sounded like he was thinking about Friday.

Shawn


-----Original Message-----
From: 	JGSADJ -- JGS adjunct faculty <JGSADJ@listserv.rice.edu>@ENRON   On Behalf Of David Kilgore <kilgore@RICE.EDU>
Sent:	Monday, December 17, 2001 11:59 AM
To:	JGSADJ@listserv.rice.edu
Subject:	[JGSADJ] New Jones School Calendar

As was announced in today's Jones News, the school wide events calendar has
moved from Yahoo to the Jones School's web site.  The Yahoo calendar will
be disabled this afternoon.

The address of the new calendar is http://jonesgsm.rice.edu/calendar  As
with the rest of the web site the calendar is an evolving project so check
back often for the latest events and features.  This is a publicly
available calendar so please tell friends and family to check here to see
what's up at the Jones school.

Linda Werckle is still the primary point of contact to have your event
placed on the calendar.  The best way to contact her to have your event
placed on the calendar is by e-mail to werckle@rice.edu or telephone
713-348-3463
------------------
David Kilgore               Jones Graduate School - Rice University
kilgore@rice.edu          6100 S. Main - MS 531
713-348-5378               Houston, TX 77005


Another thought. Please, send me your resume,
I shall forward it to our head trader.

Vince

"Pierre-Philippe Ste-Marie" <stemarie@icubed.com> on 11/29/2000 07:36:19 AM
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: Interview with ENRON

Dear Mr. Kaminski,
?
Even though I cannot pass "official" interviews, I  would like to discuss
with ENRON. I was really impressed by your presentation  and I think I would
be a good fit for your firm.
?
I know that you?will be soon recruiting on  campus, maybe we could set up an
"informal meeting". Either give me a call at  home (412-802-6429) or send me
an email at this address. I would appreciate  though not to appear on
interview lists.
?
Pierre-Philippe  Ste-Marie
---------------------------------------------------
http://pstemarie.homestead.com


Ben - -

I hope this is what you are looking for....give me a call if you need
anything else.

Webb

---------------------- Forwarded by Webb Jennings/HOU/ECT on 03/28/2000 03:01
PM ---------------------------

Scot Chambers@ENRON_DEVELOPMENT
02/15/2000 12:39 PM
To: George McCormick@ENRON_DEVELOPMENT, Webb Jennings@ENRON_DEVELOPMENT
cc: Clement Lau@ENRON_DEVELOPMENT, Benjamin Rogers@ENRON_DEVELOPMENT, Mike
Coleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John W
Cates/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard
Bickings/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark
Dobler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tom
Callaghan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mitch
Robinson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Santee Cooper O&M Estimate, Revision 1

George and Webb, please find attached revision one to the Santee Cooper O&M
cost estimate. It is for mobilization and operating period O&M services for
one gas fired, 5 x LM6000 simple cycle peaking facility located at the
Georgia and South Carolina border.

The revision made adjustments to the following:
      Rev 0   Rev 1
Mobilization fee     $90,000   $200,000
Annual Operating fee    $160,000  $250,000
Annual Maintenance cost Estimate  $405,000  $593,000
Mobilization Labor cost (adjusted benefits) $175,000  $193,000
Annual Labor cost (adjusted benefits)  $406,000  $450,000
Initial Spare Parts    $1,320,000  $1,300,000

My reasoning is this:
1. After consulting with OEC, the previous fees were not believed to be at
"market".
2. Annual Maintenance was recalculated after having more time to do a bottom
up estimate.
3. Mob and annual labor costs changed due to a change in OEC benefits
calculations.
4. Initial spares rounded down.

As we discussed, the GT major maintenance is scheduled to occur in year 18 of
an 18 year term.

Please provide your comments.

regards, Scot


Mr. Musselwhite,

If you could give the attached document to Mr. Jerry Campbell when he is in
your offices today, I would appreciate.  If you could ask him to especially
focus on Schedule 5 - coal testing and Btu adjustment provisions, I would
appreciate that as well.

If you have any questions about the foregoing, please do not hesitate to call
me at (713) 221-1396.  Best regards.

David W. Locascio
Bracewell & Patterson, L.L.P.
711 Louisiana, Suite 2900
Houston, Texas  77002-2781
phone: 713.221.1396
fax:      713.221.2134
email: dlocascio@bracepatt.com

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.

 - OPERATION AND MAINTENENCE AGREEMENT.doc


Mary,

Please give to Gerald Nemec.  One of Patrick Johnson's people has been trying to sell our interest.  I think Rhaki Israni or Brandie Morris.

Steve

 -----Original Message-----
From: 	Ogden, Mary
Sent:	Tuesday, October 09, 2001 11:21 AM
To:	Van Hooser, Steve
Subject:	Matagorda Terminal

Steve:  During a recent visit to AEP, Ann Elizabeth gave me a working file re Matagorda Terminal.  Do you know who is handling that matter in Legal now?  I want to be sure and pass the file along to the right person.  It's not being handled by Gerald.

Thank for thinking about this,
Mary

Mary C. Ogden
Legal Specialist
Enron Wholesale Services/Enron Americas/Legal
Phone:  713-853-7796
Fax:  713-646-3490
Mary.Ogden@enron.com


Here's a possible itinerary for your review. A "what to bring" list will be
sent to you manana. Chao!

(See attached file: spain.doc)     (See attached file: BallotWPBF.doc)
This is to make you laugh. Don't get too mad, cousin!
 - spain.doc
 - BallotWPBF.doc


Attached are the comments in Word format (sent earlier in Word Perfect).

 - Market Monitoring.doc


-----Original Message-----
From:  "Dan Salter" <dsalter@hgp-inc.com>@ENRON
[mailto:IMCEANOTES-+22Dan+20Salter+22+20+3Cdsalter+40hgp-inc+2Ecom+3E+40ENRON@
ENRON.com]
Sent: Wednesday, May 16, 2001 3:05 PM
To: Herndon, Rogers; Imai, Rika; Will, Lloyd; Presto, Kevin; Harry Aurora;
Fletch Sturm; Dana Davis; Gilbert-Smith, Doug
Subject: Weekly Monitoring Report

Attached are the two files which hold the nuclear Weekly  Monitoring Report.

Dan
 - East Summary 010516.doc
 - East010516.doc


Sunday afternoon, April 29, 2001

COMMENT: In 1984, I coined the term "Bond Vigilantes" to describe the
growing power of fixed income investors and traders over the economy. In
recent years, they've lost some of their clout because the U.S. Treasury is
paying off the federal debt. Also, inflation has been relatively tame, and
so have they. Venture capitalists became the new power elite in the late
1990s leading the Nasdaq to record highs. Now the bond crowd is back: They
are tightening credit conditions, while the Fed is easing. The Treasury bond
yield is up over 50 basis points since March, which is boosting mortgage
rates. The spread between A-rated corporate and 10-year Treasury yields has
widened dramatically from around 150 basis points at the end of 1999 to more
than 250 basis points recently. The high-yield and commercial paper markets
are essentially shutdown for all but prime borrowers.

On the other hand, the yield curve is ascending again with the 30-year yield
more than 200 basis points above the 3-month T-bill rate. At the start of
the year, the curve was inverted with a spread of 50 basis points. This is
good news because an ascending yield curve gives banks and other financial
intermediaries an incentive to lend. The banks also have lots of money to
lend because shell-shocked stock investors are putting more of their funds
into bank deposits, which are up $350 billion over the past 12 months.

The resulting rapid rise in the monetary aggregates is Exhibit A in the case
against both a recession and a prolonged bear market in stocks. Indeed, real
GDP was up 2% during the first quarter and stock prices have rebounded
nicely since early April. Still, the rolling recession is likely to continue
rolling over the technology industry, and shows more signs of spreading to
labor markets around the country. Furthermore, the stock market is now more
than 15% overvalued as stock prices rose at the same time that earnings
expectations fell and bond yields moved higher.

SUBSCRIBERS: I can only conclude that either bond investors need Prozac, or
stock investors are back on Ecstasy. For more on this subject, see my latest
GLOBAL PORTFOLIO STRATEGY and tune into my Monday WEEKLY AUDIO FORUM. In my
latest commentary, I also lower my outlook for 2001 S&P 500 operating
earnings per share from $53 to $50. The profits recession is getting worse.
In the latest EARNINGS WEEK, Joe Abbott and I observe that already 132
companies have publicly released downward guidance for the second quarter!
We also slice and dice the Energy sector, which remains one of our
"overweight" recommendations.

PUBLIC: Our ONLINE CHART ROOMS are packed with Slide Shows of credit and
yield curve spreads. Did you know that Xerox is the best performing
component of the S&P 100 so far this year, followed by Microsoft? We've
added more Daily Stock Trackers to help you keep track. Check out the
important results of April's CIO Magazine Tech Survey (in partnership with
yardeni.com) on Tuesday morning at 10 am on www.peoplepolls.com.

FIDO: Please click on Fido (the dog logo at the top of every page on the web
site) to review your account. If you do business with Deutsche Bank, you can
get home delivery of several products by e-mail. More will be added this
summer.

Dr. Ed

********************
1) You can now automatically add/delete this update and other products. Just
click on Fido (the dog) at the top of any page on the site OR review your
yardeni.com account at http://www.yardeni.com/customers/info2.asp OR send a
message to support@yardeni.com.
2) Subscriber-level access:
http://www.yardeni.com/yardeni1/userAuth2/idpass.htm
********************
Home: http://www.yardeni.com
Global Portfolio Strategy: http://www.yardeni.com/weain.asp
Earnings Week & Month: http://www.yardeni.com/stocklab.asp#earnings
Weekly Audio Forum: http://www.yardeni.com/waf.asp
Global Economic Indicators: http://www.yardeni.com/ecindin.asp
Stock Lab: http://www.yardeni.com/stocklab.asp
Stock Market Indicators: http://www.yardeni.com/stockindicators.asp
Interactive Stock Price Derby: http://www.yardeni.com/stockderby.asp
E-conomy Center: http://www.yardeni.com/cyber.asp
New Economy Center: http://www.yardeni.com/neweco.asp
Greenspan Center: http://www.yardeni.com/greenspan.asp
People Polls: http://www.peoplepolls.com/
Multi-Lingual: http://www.yardeni.com/#languages
Mega Trades: http://www.yardeni.com/megatrades.asp
**********************************************
VIRUS ALERT: No attachments sent with this message.
**********************************************
The information and opinions in this report were prepared by Deutsche Bank
or one of its affiliates (collectively "Deutsche Bank"). This report is
based upon information available to the public. The information herein is
believed by Deutsche Bank to be reliable and has been obtained from sources
believed to be reliable, but Deutsche Bank makes no representation as to the
accuracy of completeness of such information. Deutsche Bank and/or its
affiliates worldwide may be market makers or specialists in, act as advisers
or lenders to, have positions in and effect transactions in securities of
companies mentioned herein and also may provide, may have provided, or may
seek to provide investment banking services for those companies. In
addition, Deutsche Bank and/or its affiliates or their respective officers,
directors and employees hold or may hold long or short positions in the
securities, options thereon or other related financial products of companies
discussed herein. Opinions, estimates and projections in this report
constitute Deutsche Bank's judgment and are subject to change without
notice. Prices and availability of financial instruments also are subject to
change without notice. This report is provided for informational purposes
only. It is not to be construed as an offer to buy or sell or a solicitation
of an offer to buy or sell any financial instruments or to participate in
any particular trading strategy in any jurisdiction in which such an offer
or solicitation would violate applicable laws or regulations. The financial
instruments discussed in this report may not be suitable for all investors
and investors must make their own investment decisions using their own
independent advisors as they believe necessary and based upon their specific
financial situations and investment objectives. If a financial instrument is
denominated in a currency other than an investor's currency, a change in
exchange rates may adversely affect the price or value of, or the income
derived from, the financial instrument, and such investor effectively
assumes currency risk. In addition, income from an investment may fluctuate
and the price or value of financial instruments described in this report,
either directly or indirectly, may rise or fall. Furthermore, past
performance is not necessarily indicative of future results. Unless
governing law permits otherwise, all transactions should be executed through
the Deutsche Bank entity in the investor's home jurisdiction. In the U.S.
this report is approved and/or distributed by Deutsche Banc Alex. Brown
Inc., a member of the NYSE, the NASD and SIPC. In the United Kingdom this
report is approved and/or distributed by Deutsche Bank AG, which is
regulated by The Securities and Futures Authority (the "SFA"), is not for
distribution to private customers (as that term is defined under the rules
of the SFA) and no financial instruments referred to herein will be made
available to any such private customer. In jurisdictions other than the U.S.
and the U.K. this report is distributed by the Deutsche Bank affiliate in
the investor's jurisdiction, and interested parties are advised to contact
the Deutsche Bank office with which they currently deal. Additional
information relative to securities, other financial products or issuers
discussed in this report is available upon request. No part of this material
may be copied or duplicated in any form or by any means, or redistributed,
without Deutsche Bank's prior written consent. Copyright 2001 Deutsche Banc
Alex. Brown Inc., all rights reserved.


Drew -- here is Lorraine's update on the Val Verde situation that I mentioned
in my previous e-mail.   Recall that we've been unable to accept quantities
of gas from Burlington because of the high temperatures at the interconnect
in recent years.  I've recommended that we seek amendment of the contract as
soon as possible to reflect what we CAN do.

The proposed amendment Lorraine is referring to, which Burlington rejected,
modified our obligation to provide firm compression sufficient to accept
250,000 MMBtu.

//
Burlington Resources - Val Verde Plant - Michelle and I had a follow-up
conversation with BR Thursday.  I faxed the proposed amendment to BR Monday
and we hadn't heard from them yet.  They claim approximately $135,000/month
in lost revenues because we are holding their production down.  Michele and
Darrell will work to pull together the data on exactly which days we have not
been able to take BR's gas.  I mentioned to BR that we were putting this info
together, but they claim since they were told to back off to 180,000 -
190,000 MMBtu from about mid-June through July, our data would not accurately
reflect BR's inability to schedule in excess of 180/190.  They will not
accept our wording in the interconnect amendment, specifically "best efforts"
and "subject to operating conditions on TW", so we will need to revise this
further.

We offered alternate receipt point flexibility at Ignacio and alternate
delivery point flexibility at El Paso Blanco on their Jackrabbit contract but
they do not think this is sufficient to agree to amend the interconnect
agreement.  They have suggested we consider giving them a deeper discount on
their San Juan - Waha contract (80,000/d, $0.14, term 11/30/06).

The ball is in our court.


<<Vice Chairs Column 05 22 01.doc>>

Richard Costigan, III
Chief of Staff
Office of the Assembly Republican Leader
California State Assembly
Phone:(916) 319-2005

 - Vice Chairs Column 05 22 01.doc


Hey Melba -- We would like to create a new product with the following product
name:  EPNG SoCal Ehr.  This product name should be used under the product
type US Gas Phy.  The description should contain the same language as the
EPNG SoCal Topk product except the word "Ehrenberg" should be substituted
every time the word "Topock" appears.

We would also like to create physical index products for this trading point,
but we need to change the short description of the current NGI SoCal index
product to allow for the addition of the specific point name, and we would
also have to change the description of the original index product as well.

I left you a message to call me if you can today.  Thanks.


OK Gang:

Well, I,ve been crunching numbers all day, and haven,t yet gotten to the
writing.  I've attached Dylan's original responses for reference.  Figure
it'll be a memo from Time's CEO to the Time Board.

I,ve leaving now for Mendocino, but will be back early tomorrow to finish
this up.  Please check out the spreadsheet.

The case is sort of confusing*how do Time,s analysts value Time at $189-212,
when they,re trading at 109 the day before the announcement of the deal with
Warner.  That doesn,t jive.  Are they saying that, absent synergies, the
combined Time/Warner is worth the enterprise value of Time at 189-212 plus
the enterprise value of Warner at $63-71 (again, the analysts valuation)?
That just seems ridiculous, give where they,re trading.

Anyway, here,s where my analysis is heading----tell me if I,m smoking crack.

The deal isn,t really $175 per share.  It,s $175 LESS the taxes that will
have to paid (since it,s a purchase deal) PLUS the value of the tax shield
created by the net increase of $8.9B in new debt that Paramount will take
on.  Does this seem right?  Could folks look at my spreadsheet?  I,ve got it
conceptually set up, but I,m not quite sure how to calculate the taxes paid
under the purchase method or the value of the tax shield (assuming that this
is correct.  If I,m just completely out of it with this angle, just let me
know.  In any case, seems that there,s some value in the tax-free
(Time-Warner) versus the taxable (Time-Paramount) deals.  Presumably, we
could take the total enterprise value of Time-Warner (nontaxed) and compared
it to the total enterprise of Paramount-Time (taxed) and compare the two.  I,
ve got a hunch that the Time-Warner number may win the day, but I haven,t
gotten that far in the crunching yet.

In any case, I,ll be back around Noon tomorrow and will crank the puppy out.

Best,
Jeff


I was on vacation last week and Victor sent this out, but apparently not to
everyone
who needed it.  Some of you have called looking for the numbers, so I'm
sending it again.
 Please e-mail me and let me know if you do not  need this information.
Steve at Devon told
me this morning that he is working on revisions this afternoon.

Thanks,
Beverly

---------------------- Forwarded by Beverly Beaty/HOU/ECT on 07/26/2000 02:01
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Victor Lamadrid                           07/21/2000 07:53 AM

To: Carlos J Rodriguez/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Randall L
Gay/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Patti Sullivan/HOU/ECT@ECT
cc: Cindy Vachuska/HOU/ECT@ECT, Clarissa Garcia/HOU/ECT@ECT, Meredith
Mitchell/HOU/ECT@ECT, Cynthia Franklin/Corp/Enron@ENRON, Molly
Sumrow/HOU/ECT@ECT, Victoria Versen/HOU/ECT@ECT, Alvin
Thompson/Corp/Enron@Enron, Angie Zeman/Corp/Enron@ENRON, Jesse
Villarreal/HOU/ECT@ECT, Joann Collins/Corp/Enron@ENRON, Robert
Allwein/HOU/ECT@ECT, Christina Sanchez/Corp/Enron@ENRON, Joe A
Casas/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Tricia Bowen/HOU/ECT@ECT,
Beverly Beaty/HOU/ECT@ECT, Steve Gillespie/Corp/Enron@ENRON, Scott
Loving/NA/Enron@ENRON, Sabra L Dinari/HOU/ECT@ECT
Subject: August 2000 Estimated Availabilities

Devon estimates for August.  Please forward to your people.

---------------------- Forwarded by Victor Lamadrid/HOU/ECT on 07/21/2000
07:46 AM ---------------------------

"Steve Holmes" <Steve.Holmes@dvn.com> on 07/20/2000 04:58:46 PM
To: <Beverly.Beaty@enron.com>, <Victor.lamadrid@enron.com>
cc:
Subject: August 2000 Estimated Availabilities

Beverly,
The attached shows Devon's estimated availabilities for the month of August
2000.  I will provide updates as they are received.

Steve

 - EnronAvails0800.xls


I left both of you a voice mail last night and I listened to it, but you
probably did not hear my message very well due to a bad line.  Ultimately,
Cassandra is needing some information on brokerage accounts first thing
tomorrow morning (Wed., 11/15).  She will be going to San Antonio early
afternoon and is needing to review a brokerage account document for Ted
Murphy's signature.  Tana, as I mentioned in my voice mail, when Ted doesn't
understand information that is requiring his signature, he will not sign it
until he fully understands it.  Therefore, it is imperative that we get a
listing of all brokerage accounts and the specific commodity groups they are
currently work with (if available) to Cassandra as soon as possible;
otherwise it will have to wait until Monday.  If I remember correctly, most
of the brokerage agreements that need to be signed require a rush signature.

Also, Cassandra needs to be able to sign off on these documents as Ted is on
his way to London effective January 01; therefore we need to figure out a way
that she should be added sooner rather than later.  I realize that Mark
Taylor is out of the office until Monday; however, can Alan Aronowitz approve
this request on his behalf?

Can you please give Cassandra a call at x30429 first thing so we can resolve
this issue.

I really appreciate your attention to this matter.

Veronica x31881
---------------------- Forwarded by Veronica Valdez/HOU/ECT on 11/14/2000
08:53 PM ---------------------------

From:  Cassandra Schultz @ ENRON
               11/13/2000 06:59 PM

To: Veronica Valdez/HOU/ECT@ECT
cc:
Subject: Brokerage Accts

You indicated you'd sent the instructions to have me added as a signer
authorizing the opening  of new accounts, but when I spoke with Bob Bruce in
Legal tonight, he said I had not been added to his knowledge.  Who did you
send it the instructions to?  We just need to circle back with Bob so we've
gone through the right channels.

Thank you,

Cassandra.


Please print the attachment.  Thank you.

 -----Original Message-----
From: 	Walls Jr., Rob
Sent:	Tuesday, April 10, 2001 9:42 AM
To:	Derrick Jr., James
Subject:	FW: Revised versions of GOM arbitration notices

READ THIS.

 -----Original Message-----
From: 	"Chow, Diana" <diana.chow@linklaters.com>@ENRON [mailto:IMCEANOTES-+22Chow+2C+20Diana+22+20+3Cdiana+2Echow+40linklaters+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, April 10, 2001 12:02 AM
To:	Kraske, Paul; Cline, Wade
Cc:	Lundstrom, Bruce; Walls Jr., Rob; Brownfeld, Gail; Katwala, Sandeep; House, Andrew; Walker, Christopher
Subject:	Revised versions of GOM arbitration notices

 I attach the revised versions of the GOM arbitration notices (SSA).

>  <<010410_Final Arbitration Notice_SSA.doc>>  <<010410_Final Arbitration
> Notice_Supp SSA.doc>>
>
Kind regards,
Diana Chow
Trainee Solicitor
Linklaters, Hong Kong
a member firm of Linklaters & Alliance

Direct Line: +852 2842 4112
Fax No.: +852 2810 8133
mailto:diana.chow@linklaters.com

http:/www.linklaters.com
http:/www.linklaters-alliance.com

_____________________________________________________________

This e-mail is sent by or on behalf of Linklaters,
10/F Alexandra House, Chater Road, Hong Kong.

A list of the firm's principals will be provided to the
recipient(s) of this email upon request.

This statement is made in compliance with the Law Society of
Hong Kong's Practice Direction on the Format of Electronic
Communications.

This message is confidential. It may also be privileged or
otherwise protected by work product immunity or other legal
rules. If you have received it by mistake please let us know
by reply and then delete it from your system; you should not
copy the message or disclose its contents to anyone.
_____________________________________________________________

 - 010410_Final Arbitration Notice_SSA.doc
 - 010410_Final Arbitration Notice_Supp SSA.doc


It's getting to be that time of the year again.
---------------------- Forwarded by Cindy Stokes/HOU/ECT on 05/01/2000 12:01
PM ---------------------------

	From:  Irma Alvarez                           04/28/2000 10:04 AM

You've guessed it!  Mid Year PRC is around the corner and we must start
preparing for it.

In preparation for the upcoming Mid Year Review Process, we will need your
assistance with the Communication to your groups!  Therefore, we, the Human
Resources Team for ENA, are requesting your assistance in generating all the
communication materials needed to your group to make sure we don't leave
anyone uninformed.   The first two pieces of communication coming your way,
besides  the e-mail announcements that have recently been distributed, is the
ever so famous Quick Reference Guides & the new PEP cards.  This time around,
the Global Performance Mgmt team has decided not to have so many hard copies
distributed  of the Quick Reference Guides because you are receiving the
e-mail version copy, as you will find attached below.  The reason behind this
is that ENA has been through this process for the last few years and the
Quick Reference Guides contain alot of the same information as in the past,
and seem to come in much more handy for employees tha are new to the company
and to the process.

Next, the Global Perf Mgmt team has created this nifty PEP Card that has very
minimal highlighted information for everyone.
Please anticipate the PEP Cards in your group this Friday afteroon.  We will
also get out a few hard Copies of the Reference Guides, but again, it is
attached below, so please don't anticipate a copy of the Quick Reference
Guides for everyone in your group.

We will be sending a follow up e-mail to you all to advise you of the
schedule for any training classes that will be available before the
Performance Mgmt system opens on May 15th.

We ask that you assist us in this process by distributing detailed e-mails
such as this (addressed to all the Admn Asst's) to your group.  Your
assistance and cooperation is critical, but most importantly greatly
appreciated.

Please feel free to contact your HR rep with any questions you may have, and
also, the PEP Hotline is already currently available to provide all employees
with Perf Mgmt Assistance.

Thanks again.

Irma Alvarez
ENA HR Coordinator
Ext. 3-1543


---------------------- Forwarded by Darron C Giron/HOU/ECT on 01/29/2001
12:39 PM ---------------------------

Bruce Mills@ENRON
01/26/2001 03:19 PM
To: Patrick Ryder/NA/Enron@Enron, Darron C Giron/HOU/ECT@ECT
cc:
Subject: This is gross!

Make sure you have a trash can nearby!

 <<blownup.jpg>>

 - blownup.jpg


There is a P&L Summary for east desk in the Netco directory located at O:/ERMS/erms_adm/Netco/2002/0102/Regions0102/_Converted/East P&L Summ. Please take a look at it and tell me what you think. To simplify and speed up the reporting process, I added buttons that will link to the P&L's. The format may or may not resemble formats used on other desks, but I do believe the data shown is comprehensive.

Errol - This may not fit your needs on the financial desk. You may need to design your own. If so, let me know if I can help.

Thanks.

Scott


---------------------- Forwarded by Andrea Ring/HOU/ECT on 05/02/2001 03:46 PM ---------------------------
From:	Michele Winckowski/ENRON@enronXgate on 04/04/2001 03:17 PM
To:	Maria Salazar/OTS/Enron@ENRON, Teb Lokey/ENRON@enronXgate, Andrea Ring/HOU/ECT@ECT
cc:
Subject:	FW: weepy

Choices
>
> At a fund-raising dinner for a school that serves learning-disabled
> children, the father of one of the school's students delivered a speech that
> would never be forgotten by all who attended.
>
> After extolling the school and its dedicated staff, he offered a question.
> "Everything God does is done with perfection. Yet, my son, Shay, cannot
> learn things as other children do.  He cannot understand things as other
> children do. Where is God's plan in reflected in my son?"
>
> The audience was stilled by the query.  The father continued. "I
> believe,"the father answered, "that when God brings a child like Shay into
> the world, an opportunity to realize the Divine Plan presents itself. And it
> comes in the way people treat that child."
>
> Then, he told the following story:
>
> Shay and his father had walked past a park where some boys Shay knew were
> playing baseball. Shay asked, "Do you think they will let me play?"  Shay's
> father knew that most boys would not want him on their team. But the father
> understood that if his son were allowed to play it would give him a
> much-needed sense of belonging.  Shay's father approached one of the boys on
> the field and asked if Shay could play.  The boy looked around for guidance
> from his teammates.
>
> Getting none, he took matters into his own hands and said, "We are losing by
> six runs, and the game is in the eighth inning.  I guess he can be on our
> team and we'll try to put him up to bat in the ninth inning."
>
> In the bottom of the eighth inning, Shay's team scored a few runs but was
> still behind by three.  At the top of the ninth inning, Shay put on a glove
> and played in the outfield. Although no hits came his way, he was obviously
> ecstatic just to be on the field, grinning from ear to ear as his father
> waved to him from the stands.
>
> In the bottom of the ninth inning, Shay's team scored again. Now, with two
> outs and the bases loaded, the potential winning run was on base.  Shay was
> scheduled to be the next at-bat. Would the team actually let Shay bat at
> this juncture and give away their chance to win the game?
>
> Surprisingly, Shay was given the bat.
>
> Everyone knew that a hit was all but impossible because Shay didn't even
> know how to hold the bat properly, much less connect with the ball.
> However, as Shay stepped up to the plate, the pitcher moved a few steps to
> lob the ball in softly so Shay could at least be able to make contact. The
> first pitch came and Shay swung clumsily and missed.
>
> The pitcher again took a few steps forward to toss the ball softly toward
> Shay. As the pitch came in, Shay swung at the ball and hit a slow ground
> ball to the pitcher.
>
> The pitcher picked up the soft grounder and could easily have thrown the
> ball to the first baseman.  Shay would have been out and that would have
> ended the game.  Instead, the pitcher took the ball and threw it on a high
> arc to right field, far beyond reach of the first baseman.
>
> Everyone started yelling, "Shay, run to first. Run to first." Never in his
> life had Shay ever made it to first base.  He scampered down the baseline,
> wide-eyed and startled.  Everyone yelled "Run to second, run to second!"  By
> the time Shay was rounding first base, the right fielder had the ball.  He
> could have thrown the ball to the second baseman for a tag.  But the right
> fielder understood what the pitcher's intentions had been, so he threw the
> ball high and far over the third baseman's head.  Shay ran towards second
> base as the runners ahead of him deliriously circled the bases towards home.
>
> As Shay reached second base, the opposing shortstop ran to him, turned him
> in the direction of third base, and shouted, "Run to third!"  As Shay
> rounded third, the boys from both teams were screaming, "Shay! Run home!"
>
> Shay ran home, stepped on home plate and was cheered as the hero, for
> hitting a "grand slam" and winning the game for his team.
>
> "That day," said the father softly with tears now rolling down his face,"the
> boys from both teams helped bring a piece of the Divine Plan into this
> world."
>
> And now, a footnote to the story. We all send thousands of jokes through
> e-mail without a second thought, but when it comes to sending messages
> regarding life choices, people think twice about sharing.  The crude,
> vulgar, and sometimes the obscene pass freely through cyberspace, but public
> discussion of decency is too often suppressed in school and the workplace.
> If you are thinking about forwarding this message, you are probably thinking
> about which people on your address list aren't the "appropriate" ones to
> receive this type of message.
>
> The person who sent this to you believes that we can all make a difference.
> We all have thousands of opportunities a day to help realize God's plan.  So
> many seemingly trivial interactions between two people present us with a
> choice: Do we pass along a spark of the Divine?  Or do we pass up that
> opportunity, and leave the world a bit colder in the process?
>
> You have two choices now:
>
> 1. Delete this.
>
> 2. Forward it to the people you care about.
>
> You know the choice I made.


Richard, according to Marlene, she needs to put in an IT request to change
the National Fuel contracts from non-pathed to pathed.  Does this sound
correct to you?

Please let me know.
chris
---------------------- Forwarded by Chris Germany/HOU/ECT on 05/03/2000 02:28
PM ---------------------------

	From:  Beverly Beaty                           05/03/2000 02:14 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: National Fuel Says They Are Pathed Model Type

Per our conversation....

Bev
---------------------- Forwarded by Beverly Beaty/HOU/ECT on 05/03/2000 02:14
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Donna Greif                           04/21/2000 12:44 PM

To: Richard Pinion/HOU/ECT@ECT
cc: Beverly Beaty/HOU/ECT@ECT, Diane E Niestrath/HOU/ECT@ECT
Subject: Re: National Fuel Says They Are Pathed Model Type

Richard,

I trust you're on top of this.....let me know if you'd like my help!

Thanks!

dg

From: Diane E Niestrath on 04/19/2000 06:23 PM
To: Donna Greif/HOU/ECT@ECT, Richard Pinion/HOU/ECT@ECT
cc: Dave Nommensen/HOU/ECT@ECT, Beverly Beaty/HOU/ECT@ECT
Subject: National Fuel Says They Are Pathed Model Type

DG & RP,

National Fuel says they are 100% using the GISB pathed model type.  Our Unify
noms are non-pathed.

1) Can you look at the National Fuel invoice and verify that the accounting
area will still work effortlessly if we change Unify to pathed.
2) If we elect to change Unify's model type to pathed, let's do it just like
we did Southern Natural.  And, I would like this done for May 1 noms in
production and have the Scheduler (Beverly?) path in this new model type
manner.  We are suppose to be getting scheduled quantities in production
starting tomorrow, unless ECOM prevents it, so you'll be able to see what the
pipe expects in the pathed model type.
3) If we elect to NOT change Unify's model type to pathed, I guess we can't
ever edi this pipe unless I can figure out some clever way to join up the
noms.

Beverly, Do you think it would be a problem to start entering the upstream
k's and downstream k's when you path in Unify.  The pipe told me this is
mandatory data unless the nom is involved in the Appalachian area.  If it is
a problem, don't do, I don't want to slow you down since you have to enter
the data twice today.  If and when we do edi, we'll need the up/down k's
entered at that time.

Thanks, Diane
x3-9931

==============================================================================
=======================
Email excerpt between Diane (in magenta) and Chris Zachary in IT Dptmt at
National Fuel Gas Supply Corp (in blue) ===>

>> 3) Please confirm that your model type is always "P" pathed from noms all
the
>> way down to invoices.

    Our model type is always "P" for pathed.


Per Sara's request, I'm forwarding to you her Enron Corp. Equity Trading
Status Report.  She is planning to be back in the office on Wed., July 19.

Kaye


The have Mike's Hard and stuff like that. I generally never go out during the
week. I was home by 7pm yesterday but I am an enormous baby when it comes to
hangovers. I'm not going to the rodeo on Friday but I am going to the chucks
that night. Tonight I rest.


The latest is attached, which includes notional limits.  Bill will validate
the notionals later today.

Rod


I'm there


Hey Tana-

I am planning a trip to New York and want to visit this counterparty.  It
will be more beneficial for me to visit them with the Execute ID.  Is there
anyway we can push them through legal?  It seems like they have been in the
review process for a little while.

Thanks,
Adriane


Sharon:  Thanks for your fax and markup of the Schedule dated Sept. 6.  There
is a major issue which we need to discuss and that is the counterparty
identity itself.  It appears that you have identified a DIFFERENT party to
the agreement, namely, a limited liability company named "SITA", which is not
the entity which we originally proposed,.  This does not appear to be the
credit which we evaluated.

Also, we insist upon a Credit Support Annex.  As you know, the agreement
contemplates multiple transactions and the posting of collateral is a major
issue, particularly for long-dated pulp deals.

Can you call me tomorrow?  We need to address the major issues upfront.  You
can reach me at 713-853-5620.  Thank you.  Sara


Martha Keesler
Senior Administrative Assistant
Enron North America Corp.
1400 Smith, EB 3829
Houston, Texas 77002
(713) 345-2423
(713) 646-3491 (Fax)


Too cute!!  There are a lot of them- just click to move on.
---------------------- Forwarded by Shanna Husser/HOU/EES on 11/30/2000 01:51
PM ---------------------------

christen.m.campbell@ac.com on 11/30/2000 01:43:17 PM
To: stephen.s.siegel@ac.com, bdcjunior@yahoo.com, lcgriffon@yahoo.com,
shusser@enron.com, davisisland@earthlink.net, Taylorjen1@aol.com
cc:
Subject: calvin & hobbs

(See attached file: Snowmans.pps)

 - Snowmans.pps


I was thinking that may be we should ask El Paso to furnish aver. daily volumes that were scheduled as receipts into El Paso' system from the proposed 20 pools from Jan 1- Aug 31 of this year to get an indication of whether there is any gas behind these pools.  What do you think?


Attached are the September 1st volume requirements for CES/New Power.  Please
advise if you know of anyone that should be added to the distribution, or if
you would like to be removed from the distribution.

David
713-345-7692


Please see the attached spreadsheet for the estimated value to be received for delivering power in the East for the period 12/27 to 12/31 (we will be working on the post 12/21 periods this week).  In summary, the total is approx. is $2.7MM net.  The total cost of power is approx. $15.3MM.  It is broken down $4.5MM for PJM, $5.5MM for NEPOOL, and $5.3MM for Others outside PJM and NEPOOL.  We are working separate arrangements for NEPOOL and PJM, having wired NEPOOL in excess of $8MM on Friday to prepay for power in an effort to be able to do business in that pool through 12/26.  We are working with PJM, and should have resolution by the 27th (they have $31MM of our pre-bankruptcy cash in escrow).

Outside of PJM and NEPOOL, Kevin is going to go into the bilateral market and prepay for power (similar to what we are doing in the West).  As such, Kevin will need approximately $5.5MM  to prepay for power in the East through 12/31.  The value outside of NEPOOL and PJM is a little over $700M.  Kevin has a number of customers that are in NEPOOL and /or PJM , as well as other regions and you need to serve in all regions to get the full value from the contract.

Having spoken with Tim DeSpain this morning, it appears Ray and Tim are on board for this course of action given that it is consistent with our mandate to preserve the value of the estate (and entering into these positions is ancillary to winding down the existing positions, and not some new speculative trade).

As such, Leslie and her team should expect to begin receiving the wiring instructions early Wednesday morning for Kevin's prepayment deals.

Kevin, I will work with you to explain the form of request that we have been using in the West.

RISKS:
HEDGING: As this juncture, our ability to hedge longer term is limited.  We are therefore limited to daily spot transactions in PJM and NEPOOL.  Outside PJM and NEPOOL, Kevin may have limited ability to buy forward for a few days. We recognize this risk, and the next step in the analysis is to determine at what cost (prepay) can we hedge some of these contracts.  However, it is generally believed that when we begin to serve some of these counterparties, they will terminate the contracts, which will crystallize the in-the-money-value of the contract.

OFFSET RIGHTS: We are still working through all the positions in Enron to determine which parties have master netting agreements that would allow someone to offset one position with another.  A quick review of the East Power positions indicates this risk should be limited.  Additionally, we are still working through net payable/receivable issues and therefore we may owe some of these counterparties money which they may try to offset with the delivered power.  We are working through these issues, and again it is generally believed that the potential returns outweigh the risk, and that there is a high probability that some of these counterparties will terminate the contracts and crystallize the in-the-money-value to us.

Please call me at 713-412-8967 or 713-529-6280 if anyone has any questions.  Otherwise, Kevin and his team will begin to purchase power in the non PJM/NEPOOL markets on Wednesday.


---------------------- Forwarded by Kay Mann/Corp/Enron on 03/16/2001 11:56
AM ---------------------------

Stephen Thome@ECT
03/16/2001 11:54 AM
To: Carlos Sole/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron,
ccampbell@kslaw.com, Jake Thomas/HOU/ECT@ECT
cc: Sheila Tweed/HOU/ECT@ECT

Subject: Delta Call

We are scheduled to have a call with Delta at 2:30 Houston time.  They will
have their in-house counsel present to go over the letter agreement.  Delta
will call Carlos's number.

Steve


(See attached file: HPLN0116.xls)

 - HPLN0116.xls


Christine,

Going forward, these should be sent to Kevin Hannon and not Greg Whalley.

Many Thanks,

Liz


Do not update links when opening this file.

Let me know if you have any questions.

Thanks,
Matt Motsinger
x35221
EnronOnline