Shmuel,

Thanks for the invitation to speak on October 23rd.

Would you like me to split my presentation and devote
some time to the Enron Analyst/Associate program?

I plan to make presentation on   energy derivatives markets
(development of the markets in the US and Europe, valuation
challenges, Enron's role in developing the forward markets for natural gas
and electricity).
I shall send you the bullet points in a few days.

Vince

"Shmuel Oren" <OREN@IEOR.Berkeley.edu> on 09/18/2000 09:51:29 PM
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: Re: Hello from Vince Kaminski at Enron

Vince
Please send me a title for the talk with your Job title etc. and an abstract
for your talk. You will have about an hour.
/////////////////////////////////////////////////////////
Shmuel S. Oren, Professor
Dept. of Industrial Engineering
        and Operations Research
4117 Etcheverry Hall
University of California
Berkeley, CA 94720-1777
e-mail: oren@ieor.berkeley.edu
phone: (510) 642-1836 or 5484
Fax:      (510) 642-1403
///////////////////////////////////////////////////////////

----- Original Message -----
From: <Vince.J.Kaminski@enron.com>
To: <OREN@queue.IEOR.Berkeley.EDU>
Cc: <Vince.J.Kaminski@enron.com>
Sent: Friday, September 15, 2000 6:04 PM
Subject: Re: Hello from Vince Kaminski at Enron

>
> Shmuel,
>
> Sorry for not getting back to you earlier.
> If the 23rd of October is still open, I can make the presentation on this
> day.
>
> Vince
>
>
>
>
>
>
> "Shmuel Oren" <OREN@IEOR.Berkeley.edu> on 08/30/2000 08:18:15 AM
>
> To:   <Vince.J.Kaminski@enron.com>
> cc:
> Subject:  Re: Hello from Vince Kaminski at Enron
>
>
> Originally you mentioned October 23 so I reserved that week which is still
> open.
> /////////////////////////////////////////////////////////
> Shmuel S. Oren, Professor
> Dept. of Industrial Engineering
>         and Operations Research
> 4117 Etcheverry Hall
> University of California
> Berkeley, CA 94720-1777
> e-mail: oren@ieor.berkeley.edu
> phone: (510) 642-1836 or 5484
> Fax:      (510) 642-1403
> ///////////////////////////////////////////////////////////
>
> ----- Original Message -----
> From: <Vince.J.Kaminski@enron.com>
> To: <OREN@queue.IEOR.Berkeley.EDU>
> Cc: <Vince.J.Kaminski@enron.com>; <Ashley.Baxter@enron.com>;
> <Shirley.Crenshaw@enron.com>
> Sent: Wednesday, August 30, 2000 9:03 AM
> Subject: Re: Hello from Vince Kaminski at Enron
>
>
> >
> > Shmuel,
> >
> > Let's see if we can either rearrange the seminar speakers
> > or change the date of our visit to the campus. Ashley Baxter, our
> > coordinator is very efficient and
> > got a faculty room for a presentation on Monday morning on the 16th.
> >
> > Vince
> >
> >
> >
> >
> >
> >
> > "Shmuel Oren" <OREN@IEOR.Berkeley.edu> on 08/29/2000 05:37:33 PM
> >
> > To:   <Vince.J.Kaminski@enron.com>
> > cc:
> > Subject:  Re: Hello from Vince Kaminski at Enron
> >
> >
> > Dear Vince. I spoke too soon. Apparently the seminar slot on the 16 was
> > already filled. I will see if I can switch the speaker for that week to
> the
> > following week. In any case we are on for dinner on the 16.
> > /////////////////////////////////////////////////////////
> > Shmuel S. Oren, Professor
> > Dept. of Industrial Engineering
> >         and Operations Research
> > 4117 Etcheverry Hall
> > University of California
> > Berkeley, CA 94720-1777
> > e-mail: oren@ieor.berkeley.edu
> > phone: (510) 642-1836 or 5484
> > Fax:      (510) 642-1403
> > ///////////////////////////////////////////////////////////
> >
> > ----- Original Message -----
> > From: <Vince.J.Kaminski@enron.com>
> > To: <OREN@queue.IEOR.Berkeley.EDU>
> > Cc: <Vince.J.Kaminski@enron.com>; <Ashley.Baxter@enron.com>
> > Sent: Tuesday, August 29, 2000 5:01 PM
> > Subject: Re: Hello from Vince Kaminski at Enron
> >
> >
> > >
> > > Shmuel,
> > >
> > > The date of our trip to Berkeley has been set. It will be October 16th
> > and
> > > 17th
> > > (Monday and Tuesday).
> > >
> > > I shall be glad to make a presentation on energy derivatives markets
> > > (development of the markets in the US and Europe, valuation
> difficulties,
> > > Enron's role
> > > in developing the forward markets for natural gas and electricity).
> > >
> > > Please, let me know if this topic would be of interest to you. If this
> is
> > > the
> > > case, I shall follow with a title and an abstract.
> > >
> > > By the way, are you free for dinner on Monday?
> > >
> > > Vince
> > >
> > >
> > >
> > >
> > >
> > >
> > > "Shmuel Oren" <OREN@IEOR.Berkeley.edu> on 08/24/2000 08:59:38 AM
> > >
> > > To:   "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
> > > cc:
> > > Subject:  Re: Hello from Vince Kaminski at Enron
> > >
> > >
> > > Great. Our seminars are 3:30 to 5PM. If it works for you please send
me
> a
> > > title and abstract.
> > > /////////////////////////////////////////////////////////
> > > Shmuel S. Oren, Professor
> > > Dept. of Industrial Engineering
> > >         and Operations Research
> > > 4117 Etcheverry Hall
> > > University of California
> > > Berkeley, CA 94720-1777
> > > e-mail: oren@ieor.berkeley.edu
> > > phone: (510) 642-1836 or 5484
> > > Fax:      (510) 642-1403
> > > ///////////////////////////////////////////////////////////
> > >
> > > ----- Original Message -----
> > > From: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
> > > To: "Shmuel Oren" <OREN@queue.IEOR.Berkeley.EDU>
> > > Cc: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>; "Ashley Baxter"
> > > <Ashley.Baxter@enron.com>
> > > Sent: Thursday, August 24, 2000 9:58 AM
> > > Subject: Re: Hello from Vince Kaminski at Enron
> > >
> > >
> > > >
> > > >
> > > > Shmuel,
> > > >
> > > > Thanks for the message. I am working with our recruiter, Ashley
> Baxter,
> > > > to finalize the date of the trip. I shall shoot for October the 23rd
> > > > if this date works for the rest of our team.
> > > >
> > > > Vince
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > > "Shmuel Oren" <OREN@IEOR.Berkeley.edu> on 08/23/2000 11:46:19 AM
> > > >
> > > > To:   Vince J Kaminski/HOU/ECT@ECT
> > > > cc:
> > > > Subject:  Re: Hello from Vince Kaminski at Enron
> > > >
> > > >
> > > >
> > > > Dear Vince.
> > > > I sent you a reply earlier this month but I haven't heard from you
> > about
> > > the
> > > > date of your visit. Our department has a Seminar every Monday. If
you
> > can
> > > > schedule your visit on a Monday I would like to invite you to give a
> > > seminar
> > > > which will be attended by many of our graduate students and faculty
> and
> > > will
> > > > give you an opportunity to tell them about your program. With
> > sufficient
> > > > lead-time I can advertise the seminar in the Hass school to their
> > > financial
> > > > engineering students.
> > > > Shmuel.
> > > > /////////////////////////////////////////////////////////
> > > > Shmuel S. Oren, Professor
> > > > Dept. of Industrial Engineering
> > > >         and Operations Research
> > > > 4117 Etcheverry Hall
> > > > University of California
> > > > Berkeley, CA 94720-1777
> > > > e-mail: oren@ieor.berkeley.edu
> > > > phone: (510) 642-1836 or 5484
> > > > Fax:      (510) 642-1403
> > > > ///////////////////////////////////////////////////////////
> > > >
> > > > ----- Original Message -----
> > > > From: <vkamins@ect.enron.com>
> > > > To: <OREN@queue.IEOR.Berkeley.EDU>; <vkamins@enron.com>;
> > > > <ashley.baxter@enron.com>
> > > > Sent: Tuesday, August 08, 2000 10:59 AM
> > > > Subject: Hello from Vince Kaminski at Enron
> > > >
> > > >
> > > > > Shmuel,
> > > > >
> > > > > I hope you remember me. I visited you together with Aram
> Sogomonian,
> > a
> > > > > good friend of mine, a few years ago. I am currently responsible,
> > among
> > > > > other things, for recruiting graduates with finance and/or
> technical
> > > > > backgrounds at the University of Berkeley. I would be glad to give
> > you
> > > a
> > > > > call and talk more about the details of our program. My colleague,
> > > > > AshleyBaxter, from the Analyst/Associate Program at Enron would
> join
> > me
> > > > > as well.
> > > > >
> > > > > I am sending you a copy of the brochure about the Analyst /
> Associate
> > > > > Program.
> > > > >
> > > > > Vince Kaminski
> > > > >
> > > > >
> > > > > Vincent Kaminski
> > > > > Managing Director - Research
> > > > > Enron Corp.
> > > > > 1400 Smith Street
> > > > > Room EB1962
> > > > > Houston, TX 77002-7361
> > > > >
> > > > > Phone: (713) 853 3848
> > > > > Fax  :  (713) 646 2503
> > > > > E-mail: vkamins@enron.com
> > > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > >
> > >
> > >
> > >
> > >
> > >
> >
> >
> >
> >
> >
> >
>
>
>
>
>
>


---------------------- Forwarded by Judy Townsend/HOU/ECT on 02/14/2001 11:12
AM ---------------------------

	Enron North America Corp.

	From:  Rebecca W Cantrell                           02/14/2001 11:01 AM

To: John Hodge/Corp/Enron@ENRON, Kathleen Kelley/Corp/Enron@ENRON, Judy
Townsend/HOU/ECT@ECT
cc:
Subject: Chandeleur - CP01-81

Do we do any business on Chandeleur?  They have filed to expand their system
by about 40,000 Mcf/d and to interconnect with Destin Pipeline at the
Pascagoula Chevron refinery.  Apparently there was an open season.

Please let me know within the next couple of days whether we should intervene
or not.  I have never had any inquiries or expressions of interest in
Chandeleur, so I will assume not unless I hear from you otherwise.


thanks for the update.  have you gotten a price?

	Doug Leach
	01/25/2001 09:40 AM

		 To: Jeffrey A Shankman/HOU/ECT@ECT
		 cc:
		 Subject: Offshore crude

fyi
---------------------- Forwarded by Doug Leach/HOU/ECT on 01/25/2001 09:40 AM
---------------------------

	From:  Doug Leach                           01/25/2001 09:36 AM

To: Don Schroeder/HOU/ECT@ECT, Spencer Vosko/HOU/ECT@ECT, Robert
Fuller/HOU/ECT@ECT, Patrick Danaher/NA/Enron@Enron
cc: John L Nowlan/HOU/ECT@ECT, Peggy Rathmell/HOU/ECT@ECT, Bill
White/NA/Enron@Enron
Subject: Offshore crude

Tom Byargeon, Kevin Miller and Ken Loch in ENA are working with producers in
the US involved in deep water offshore Louisiana/Texas oil and gas drilling
projects. This financing activity was primarily started to help ENA secure
long term well head and pipeline natural gas supplies to supplement the gas
trading desk activities. Just like what happened in Enron's initial VPP
program they are find more interest in oil drilling projects rather than
natural gas projects.

They are currently working on a bid (due 1/31) for the Medusa project which
involves Murphy (operator), Agip and Callon in Mississippi Canyon Blocks #538
and #582. The initial reservoir reports estimate reserves of 80-120 million
barrels of sour crude and they estimate initial production to be 40,000 bpd
starting in 1Q 2003. Quality is estimated to be a Mars type crude with 25-27
API Gravity and 1.5-2.0% sulfur. Plans are to build a private pipeline to
Equilon's West Delta #143 platform and then bring the oil onshore. Peggy is
finding out where WD #143 pumps to onshore.

Tom's group would like to know if we have any interesting in buying the crude
on either a fixed or floating basis. The floating could be tied to a Platt's
index or the NYMEX. It is far too early to expect Murphy to enter into a
physical or financial contract, but Tom hopes to get us first and/or last
look from Murphy when the time is right. Another alternative is to give
Murphy barrels at their 95,000 bpd Meraux, Louisiana refinery in exchange for
the new production barrels.

Could someone in your group please give me a notional non binding basis
differential for this quality of crude for Cal 2003?


This is why California public policy is so screwed up; they spend their time
reading and sharing stuff like the attached.  Enjoy, anyway!
---------------------- Forwarded by Carolyn Green/HOU/AZURIX on 12/15/99
01:18 PM ---------------------------

"Vic Weisser" <vicw@cceeb.org> on 12/15/99 11:48:11 AM

To:	"Richard_Dan" <ddr0@pge.com>, "Weisser_Vic" <vicw@cceeb.org>,
"Singer_Joel" <joel@awad-singer.com>, "Tannenbaum_Peter"
<peter@awad-singer.com>, "Barmore_Mark" <mbarmor@muse.sfusd.k12.ca.us>,
"Florio_Mike" <mflorio@turn.org>, "Feraru_Rob" <rtf@cpuc.ca.gov>, "Barr_Mike"
<barr_mr@pillsburylaw.com>, "Barsimian_Loretta" <lkb@rb2.swrcb.ca.gov>,
"Beasley_Michael" <mabeasley@mail.hac.com>, "Brown_Hal"
<hal@stressline.com_>, "Burns_Susan" <burns@naturalstrategies.com>,
"Christie_Bill" <wchril4494@aol.com>, "Clark_Michelle" <clark94513@aol.com>,
"Dempsey_Bill" <billd@cceeb.org>, "Drake_Debbie" <djdrake@ibm.net>,
"Dressler_Garrett" <litvid@earthlink.net>, "Eva_Eva" <Aunteva@aol.com>,
"Everitt_Sara" <swe1@pge.com>, "Fadelli_Paul" <pfadelli@kearnswest.com>,
"Farabee_David" <farabee_dr@pillsburylaw.com>, "Fitzmaurice_Dick"
<dick.fitzmaurice@pactel.com>, "Garvey_Ellen" <EGarvey@baaqmd.gov>,
"Gioja_Linda" <giojal@jmj.com>, "Goldstein_Seth" <sethg@cs.berkeley.edu>,
"Grace_Manny" <Manny.Grace@disney.com>, "Grattan_John"
<jgrattan@grattangalati.com>, Carolyn Green/HOU/AZURIX@AZURIX, "Gualco_Jack"
<jackson_gualco@gualcogroup.com>, "Hall_Michael" <Michael@PNCA.edu>,
"Hathaway_Janet" <jhathaway@nrdc.org>, "Hertel_Mike" <hertelmm@sce.com>,
"Hwang_Roland" <rhwang@ucsusa.org>, "Kahoe_Mike" <makah@msn.com>,
"Kelley_Norm_and_Pat" <paknwk@aol.com>, "Kirkwood_Corey" <corey@rri.org>,
"Koons_Christina" <ckb@accessone.com>, "Larson_Terry" <wmwbtll@suptrans.com>,
"Ligh_David" <dligh@aries.76products.com>, "Lucas_Bob"
<bob_lucas@calobby.com>, "Malcolm_Kim" <kim@cpuc.ca.gov>, "Mamary_jeanine"
<jam4joy@aol.com>, "Manaster (Santa Clara)" <kmanaster@scu.edu>, "Mason_Pat"
<Pfrayne@aol.com>, "McCubbin_Sandi" <smccubbi@ees.enron.com>, "McGrady_Kathy"
<Kmcgrady@equinox.unr.edu>, "Moretti_Marie" <mmoretti@gcsac.com>,
"Morse_Emily" <hopemorse@aol.com>, "Niemetz_Sven" <sven@babycenter.com>,
"Sarris_Sharon" <sharon.l.sarris@gm.com>, "Secundy_Jerry" <macgds@aol.com>,
"Silverstein_Chuck" <CSilverstein@compuserve.com>, "Silverstein_Jerry"
<JSilverstein2@compuserve.com>, "Silverstein_Jerry"
<JSilverstein2@compuserve.com>, "Silverstein_Leslie"
<lsilverstein@maine.com>, "Silverstein_Stu & Sheila" <stusil@aol.com>,
"Sisson_Tom" <c339152@mdcpo21.lb.mdc.com>, "Smith_Dave"
<dsmith5@mail.arco.com>, "Sohn_Andy" <asohn@uclink4.berkeley.edu>,
"Solem_Don" <Don_Solem@solem.com>, "Stevens_Ken" <kens@cceeb.org>,
"Strehl_Katherine" <katherine.strehl@lmco.com>, "Sullivan_Martha"
<SullivanMS@aol.com>, "Sweet_Shelley" <sjsweet@aol.com>, "Trahan_Paul"
<PTrahan901@aol.com>, "Tuck_Cindy" <ctuck01@aol.com>, "Valenti_Peggy"
<peggy_valenti@vcd.hp.com>, "Weisser_Deborah" <dweisser@cs.berkeley.edu>,
"Weisser_Vic" <vicw@cceeb.org>, "Whittick_Janet" <Janetw@cceeb.org>,
"Wilkinson_Bob" <wilkinso@lifesci.ucsb.edu>, "Wise_John"
<wise.john@epamail.epa.gov>, "Wollan_Otis" <otis@foothill.net>, "Zobel_Bill"
<bzobel@mail.arco.com>
cc:

Subject:	Another Corporate Merger - Chrisnuka!!  ALL SCROOGES DELETE!

---------------------------------------------------------
Victor Weisser
California Council for Environmental and Economic Balance
100 Spear Street
Suite 805
San Francisco, California 94105
415/512-7890   Extension 16
vicw@cceeb.org

----------

Continuing the current trend of large-scale mergers and acquisitions, it was
announced today at a press conference that Christmas and Chanukah will
merge.  The new mega-holiday will be know as Chrisnuka
>
An industry source said that the deal had been in the works for about 1300
years, ever since the rise of the Muslim Empire.
>
While details were not available at press time, it is believed that the
overhead cost of having twelve days of Christmas and eight days of Chanukah
was becoming prohibitive for both sides. By combining forces, we're  told,
the world will be able to enjoy consistently high-quality service during the
Fifteen Days of Chrisnukah, as the new holiday is being called.  Massive
layoffs are expected, with lords a-leaping and maids a-milking being the
hardest hit. As part of the conditions of the agreement, the letters on the
dreydl, currently in Hebrew, will be replaced by Latin, thus becoming
unintelligible to a wider audience.
>
Also, instead of translating to "A great miracle happened there," the
message on the dreydl will be the more generic "Miraculous stuff happens."
In exchange, it is believed that Jews will be allowed to use Santa Claus and
his vast merchandising resources for buying and delivering their gifts.  In
fact, one of the sticking points holding up the agreement for at least three
hundred years was the question of whether Jewish children could leave milk
and cookies for Santa even after having eaten meat for dinner. A
breakthrough came last year, when Oreos were finally declared to be Kosher.
All sides appeared happy about this.
>
A spokesman for Christmas, Inc., declined to say whether a takeover of
Kwanzaa might not be in the works as well.  He merely pointed out that, were
it not for the independent existence of Kwanzaa, the merger between
Christmas and Chanukah might indeed be seen as an unfair cornering of the
holiday market. Fortunately for all concerned, he said, Kwanzaa will help to
maintain the competitive balance.
>
>He then closed the press conference by leading all present in a rousing
rendition of "Oy, Come All  Ye Faithful."


- kick~1.mpe


I had a problem approving one from home a couple weeks ago, but I think it
works OK now.  May have been a bad phone line.  Thanks.  DF

From: Jean Mcfarland/ENRON@enronxgate on 11/30/2000 05:44 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Contacts Approval

Drew -- are you having problems approving contracts?    Thanks.  Jean


Dec. 28, 2000
          Teco Tap  30.000 / Enron ; 120.000 / HPL Gas Daily

          LSP HPL Katy I/C    30.000 / Enron


Hello Tana,

In answer to your question - - both. Ripon Community Printers is a Tradename
for Lyke Corporation.

Best Rgds.

Samuel x3-9890 (GCP Team)
Enron Net Works _ Global Data Management

From: Tana Jones on 05/14/2001 02:55 PM
To: Samuel Schott/HOU/ECT@ECT
cc:
Subject: Cpy ID93871

Is the counterparty known by the above ID Lyke Corporation or Ripon Community
Printers, I'm confused?


Hi Greg. Thanks for the info. When you say it has the optional headlight fairing, etc., does that mean they are not on the bike? What color is the bike? Do you have a number I can reach you at so we can discuss it further? I am very interested and would like to see what we can work out. I need to know what city and zip code the bike is in to find out how much it would be to ship it. Thanks.

Steve Harris
(713) 853-1796 work
(281) 350-8441 home
3314 Thicket Run Dr.
Spring, Texas 77388

 -----Original Message-----
From: 	"Greg Rowe" <gr42271@csmail.corp.fedex.com>@ENRON
Sent:	Monday, November 26, 2001 6:18 PM
To:	Harris, Steven
Subject:	Re: NS50

Hi Steve, yes I still have the bike for sale, I just decided to sell it last friday (11/23).  I hate to part with it, but I'm trying to raise capital to fund a business venture.  I don't have any pictures of it, but I can borrow my girlfriends digital camera and get you some; however, I won't see her until this friday (11/30), and we are heading out of town until 12/4.  I'll try to see if I can do anything before then, but I can't say for sure, as I don't own a computer or any computer equipment.  I only have computer access at my job.  In reference to shipping cost to Texas, shipping company's usually charge by size, weight, and distance travelled.  The bike doesn't weigh that much, but you'd probably have to check with a truck line to verify a freight prices.  In regard to the title, I do have the title, but
it's still in the person's name that I purchased the bike from.  He had it licensed, with tags on it, and rode it on the street.  I bought it just as a pit/play bike.  I take it to local motorcycle races on a trailer as a pit bike and ride it around my neighborhood, so I never licensed it to keep from paying sales tax.  If it becomes an issue, I can retitle it in my name. The unit has somewhere around 980 miles on it, and it has the optional headlight fairing and engine/radiator shroud/cowl.  The only thing that I did to it when I bought it was change all the fluids, lube, check everything over and adjust things as needed.  Let me know if you have any further questions or need more info.

Thx.

Greg Rowe

"Harris, Steven" wrote:

> Do you still have the bike for sale? I am very interested and would like
> to see a picture of it if you have one. Do you know if it could be
> shipped to Texas relatively inexpensively? Also, do you have the title?
> Thanks.
>
>         Steve Harris
>         (281)350-8441
>
> **********************************************************************
> 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.
> **********************************************************************


Chris:

Regarding Tanya's comment No. 3 below, is there a problem referencing the
assignment to Brazos if the VPP is consummated?  Please let me know.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/29/2001 08:40 AM -----

	Tanya Rohauer/ENRON@enronXgate
	05/29/2001 08:05 AM

		 To: Diane Anderson/NA/Enron@Enron
		 cc: Sara Shackleton/HOU/ECT@ECT
		 Subject: RE: KCS - VC0917 & VC09

Comments:

1. We should not have a threshold for these transactions - only KCS
2. Do we need to reference that the Master has been amended in the opening
paragraph
3. Is there any way to reference the assignment to Brazos?  I just want to
make sure everyone understands that there are two outcomes for these deals on
Jun 15:  1) Termination if VPP not done or 2) assignment of swap to Brazos if
VPP is done.  There should never be a time where ENA has a trades with KCS
beyond Jun 15.

Thanks,
Tanya

 -----Original Message-----
From:  Anderson, Diane
Sent: Friday, May 25, 2001 4:08 PM
To: Rohauer, Tanya; Bailey, Derek
Subject: KCS - VC0917 & VC09

Attached please see for your review the KCS confirms with the additional
provision provided by Sara Shackelton:

 << File: KCS-VC0917.1.doc >>  << File: KCS-VC0975.1.doc >>

-Diane


----- Forwarded by Richard B Sanders/HOU/ECT on 10/26/2000 08:58 AM -----

	Garrick Hill
	10/25/2000 05:36 PM

		 To: Richard B Sanders/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT, Mike
Mazowita/Corp/Enron@Enron
		 cc: Carl Tricoli/Corp/Enron@Enron
		 Subject: Brazos Letter - Draft for Tick

Attached is the document we've drafted that we wish to send to Steve Tick in
the morning.  Please provide your comments or approval to send this out as
quickly as possible.

RH


Liquids has moved to the 29th floor.  The new pick up locations is 2986C.

Leslie


o zemra ime e vogel,

te dua shume. Me ka marre malli mua per ty


The information contained in the Weekly Public Report can be communicated to audiences outside the company and should be used to ensure that we present a consistent message to the public. Please ensure that this email is distributed to anyone in your group who needs to discuss EnronOnline with individuals outside the company.

This report is not intended to be used as a stand-alone presentation, nor that all the information be used in a single presentation or customer communication.

Total Life to Date Transactions >1,650,000
Average Daily Transactions > 5,500

Life to Date Notional Value of Transactions > $900 billion
Daily Notional Value Approximately $2.6 billion

Number of Products Offered: Approximately 1,900
Number of Currencies Traded in = 15

EnronOnline Version 1.0 Launch Date: November 29, 1999
EnronOnline Version 2.0 Launch Date: September 18, 2000

Due to size constraints on the Outlook System, the Public Report will no longer be distributed.
A complete copy of the report can now be accessed directly through the EnronOnline Intranet Site at http://eolinfo.enron.com.

In order to access this report,  click on the link above. Once there, follow the link entitled "Reports" and then select the "Public Reports" tab. A dropdown menu will appear with a list of the various public reports available for viewing. .

We look forward to your feedback and comments. If you have any questions or experience any difficulties accessing your reports through the Intranet Site, please feel free to contact either Bryan Deluca at x54943 or Fraisy George at x35424.


Attached is the most up to date PIP list.  We do
not anticipate additional changes until after the
TAC meeting.  In the process changes were made
(very minor) to 126, 154, 181, 196,
200 and 204.

Cheryl F. Moseley
Business Rules and Contracts Manager
ERCOT
3202 N. Main St.
Taylor, TX 76564
512/248-3880
512/750-8152 cell
512/248-3886 fax

 - Post_RUG_Changes.zip
 - PIP_Master_List 121200.xls


We will be offering the Derivatives II training course November 14th/15th in the 2WTC Oregon Room. Space is limited to 25 participants, so if you are interested in attending, please let me know no later than Monday, November 5th.

Thanks,
Grace
x8321

*The following people are currently signed up for the course:
	Leaf Harasin
	Mark Guzman
	Geir Solberg
	Eric Linder
	Holden Salisbury
	Andrea Woodland
	David Frost
	David Guillaume
	Samantha Law
	Fredrik Eriksson
	Angela Cadena

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

Course Title: 	Derivatives II (Energy Derivatives--Advanced Structures & Marketing)
Dates:		Wednesday, November 14th & Thursday, November 15th (2-day course--attendance required both days)
Time:		8:00am - 5:00pm
Location:		2WTC Oregon Room
What to bring:	Pen (or pencil) and paper
Other items:	Course materials provided at start of class
			Breakfast and Lunch will be provided both days

Course Description
This course builds on our Applied Energy Derivatives program and is appropriate for all employees looking to extend their knowledge of basic derivatives. Swaps and options are revisited, but from a more sophisticated perspective.  Option pricing concepts are approached pragmatically, both from the trading and structuring / marketing perspectives. The program does not involve complex mathematics.  Applied Energy Derivatives, or its equivalent is a prerequisite for this program; no other advanced preparation is required.  CPE Credits: Accounting & Auditing 2; Consulting Services 1; Management 1; Specialized Knowledge & Applications 12.

At the conclusion of this course, participants will be able to:
Decipher the role of the price curve, volatility, and time in determining the intrinsic value and time value of an option premium
Understand how a dealer 'trades volatility' and dynamically hedges an option
Recognize the limitations of traditional option pricing models when applied to energy
Annualize a periodic (e.g. monthly) volatility and vice versa
Create synthetic puts and calls using put-call parity to exploit mispriced options
Incorporate volatility term structures, "smiles and skews", in analyzing deals
Establish a delta-neutral hedge of an option and calculate the cost of changing prices on that hedge position
Comprehend the relationship between gamma and actual price volatility and its consequent implications for a dealer's earnings
Anticipate the irregular changes in gamma by stress testing option portfolios, thereby allowing more informed position management
Interpret an aggregated risk management report for an option portfolio and the positive or negative values for delta, gamma, theta, vega and rho
Structure an option on a swap to create innovative hedges for customers
Create extendable and cancelable fixed price deals
Embed a swaption sale to create sub-index physical supply to a user
Compare the merits and earnings opportunities among various alternatives available to a customer seeking to reverse an existing swap position
Determine the cash value of a swap terminated before its end date
Apply swaps with off-market fixed prices to monetize value in existing contracts or to provide for the cash/borrowing needs of a customer
Combine off-market swaps in complex structures: e.g. "blend-and-extend"


fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/02/2000 01:25
PM ---------------------------

"Way, Karen S. - CHI" <karen.way@piperrudnick.com> on 10/02/2000 12:22:33 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "'fred.mitro@enron.com'" <fred.mitro@enron.com>,
"'rusty.stevens@enron.com'" <rusty.stevens@enron.com>, "Shindler, Donald A. -
CHI" <Donald.Shindler@piperrudnick.com>, "Townsend, Christopher J. - CHI"
<chris.townsend@piperrudnick.com>

Subject: Ledford-Titan Option to Purchase

Kay:
   Per my voicemail, at the request of the Ledfords, Fred and Rusty
have agreed to limit the easement area in the Option for Purchase and Grant
of Easement between the Ledfords and Titan Development to a 100' area
adjacent to the railroad right-of-way.  The following reflects that
modification to the third "whereas" in the Ledford-Titan Option incorporated
this morning following my conversations with Fred and Rusty.
   WHEREAS, Optionors desire to grant to Optionee, and Optionee desires
to obtain from Optionors, an option for the grant of an easement in, over
and within the strip of land 100' wide in Parcel 2 (defined below) which is
immediately adjacent to and east of the railroad right-of-way for the
installation of drain tiles, pipelines, and other utility uses across other
property owned by Optionors ("Parcel 2"), as more particularly described in
Exhibit B attached hereto and incorporated herein by this reference (the
"Easement");

Additionally, I have received a fax copy of the executed Fehr agreement. I
am stopping by their attorney's office today to pick up the originals and to
put together the joint counterpart signatures.  I am also meeting with the
Ledford's attorney this afternoon and hope to finalize the execution of that
Option as well.  I will fax you the fully executed copies tomorrow morning
when I return to the office and the original versions will follow by fed ex.
Please call either Mark Gershon or me on Mark's cell phone 847-869-2015 with
any questions or comments. Thank you.

Karen S. Way
Piper Marbury Rudnick & Wolfe
203 N. LaSalle
Chicago, Illinois 60601
email:  karen.way@piperrudnick.com
(ph) 312-368-2152
(fax) 312-630-6347

____________________________________________________________________________
The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________


Enclosed are clean and marked versions of the Bermuda confirm.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


This request has been pending your approval for  56 days.  Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000003564&Page=
Approval to review and act upon this request.

Request ID          : 000000000003564
Request Create Date : 9/26/00 1:21:14 PM
Requested For       : ted.evans@enron.com
Resource Name       : Unlisted Application/Software
Resource Type       : Applications


Julie,
 I have reprinted the confirm that I forwarded to you for Lee .  He extended
it for four months through May.  I will forward it to you if it gets signed.


With respect to Ameren Services Company, my notes say I originally had them
for power buys ONLY, so I just want to make sure that my "amended-no change"
still reads power the same way.


Stan, your team in Omaha are doing a great job working with us and leveraging
the dollars they have.  Just wanted you to know.  Thanks.
---------------------- Forwarded by Cindy Olson/Corp/Enron on 09/07/2000
03:55 PM ---------------------------

	From:  Rob Wilson                           09/07/2000 11:10 AM

To: Cindy Olson/Corp/Enron@ENRON
cc: Mike McGowan/ET&S/Enron@ENRON, Danny McCarty/ET&S/Enron@Enron, Beth
Jensen/NPNG/Enron@ENRON

Subject: Enron Omaha Community Relations Update

Cindy,
Thank you for your interest in Enron Omaha community relations initiatives.
As you are aware, our budget is jointly managed and coordinated with Northern
Plains. Attached for your review is a list of Enron Omaha funded health and
human care programs serving children, teenagers, adults, families and the
elderly. Each of these commitments have been reviewed by our employee
activity committee and receives their full support. In fact, the
philanthropic strategy to self-direct 50% of our corporate United Way match,
has given our employee's a greater sense of ownership in our contribution
decisions.

In addition, Enron Omaha has replicated the successful Houston based
signature programs, Community 101 and PowerBlast. Our employee's also enjoy
four Big "E" cafe's during the year, with the event proceeds donated to a
United Way agency.

Finally, your additional gift to allow Enron Omaha to actively participate in
constructing a new city Arena and Convention center was sincerely
appreciated. The convention center project  is the largest community
improvement effort in the state.
Thank you for all your personal support and that of your professional staff.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Theresa/Sheila (Pooling alloc)

Date:		2/15/2001
Time:		2:00 PM - 3:00 PM (Central Standard Time)

Chairperson:	Lynn Blair

Detailed Description:


Sherry,

Can you track this down and figure out who really should have granted the
orig.

Errol

---------------- Forwarded by Errol McLaughlin/Corp/Enron on 03/14/2001 09:38
AM ---------------------------
From: Bradley Jones/ENRON@enronXgate on 03/13/2001 09:50 PM
To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject: Orig

Errol,
Here are the specifics on the Orig deal that was granted twice last night:

Deal #: QW8136
Customer: Public Service Co of Colorado
Value: $6.1k
Originator: Ortiz

FT-West also granted it out.


Hood To Coast Relay 2002

Enron North America will be sponsoring a Hood to Coast Relay Team for next year's competition (Aug. 23 & 24, 2002). The event, starting at Timberline and ending in Seaside,  is a great challenge and a lot of fun.  The team will be composed of 12 Enron employees, so if you are interested in participating in North America's most popular relay, spending a day and a half with your fabulous unshowered co-workers, eating bagels and bananas, and running on little if any sleep, or have a simply brilliant idea for a team name, please reply no later that October 20th.  For more details on the event, visit www.hoodtocoast.com.
Run On.................................. Serena Bishop


If you have not already turned in your United Way pledge card or pledged on
line at http://unitedway.enron.com, please do so today.  This is the last day
to make a pledge and your contribution will be very much appreciated.

Thank you,

Julia Heintz Murray
Enron North America Corp.
1400 Smith Street, EB3835
Houston, TX  77002
(713) 853-4794
Fax:  (713) 646-3393
julia.murray@enron.com


bet


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Michelle Hicks will actually draft the GSA - I only do the Tasking Letters (Amendments/statements of Work.

 -----Original Message-----
From: 	Mann, Kay
Sent:	Monday, November 05, 2001 4:26 PM
To:	Wynn, Adriana
Subject:	RE: Draft Contract for Plant Protection Service Houston to New Orleans (Jode Corp)

Will you incorporate the provisions of the document that Brenda forwarded?

Kay

 -----Original Message-----
From: 	Wynn, Adriana
Sent:	Monday, November 05, 2001 4:15 PM
To:	Mann, Kay; Bonhame, Brenda
Cc:	Grimm, Allan
Subject:	RE: Draft Contract for Plant Protection Service Houston to New Orleans (Jode Corp)

Yes I will be able to draft the Tasking Letter once an GSA is completed.  Here is the information required to set up an GSA.
Complete Company Legal Name:
Complete physical address:
Contact Name:
Contact Phone & Fax:
Contact E-mail:
Company Tax Id:

Thanks and best regards,

Adriana

----Original Message-----
From: 	Mann, Kay
Sent:	Monday, November 05, 2001 3:13 PM
To:	Bonhame, Brenda; Wynn, Adriana
Cc:	Grimm, Allan
Subject:	RE: Draft Contract for Plant Protection Service Houston to New Orleans (Jode Corp)

It appeared to me that a GSA would be most appropriate for this work.  In speaking with some other EBS lawyers, I was told that Adriana could craft the work order/addendum to go with the GSA.  Please let me know if this is incorrect.

Kay

 << File: Jode (Nov 5) GSA Revised 1-26-01.doc >>

 -----Original Message-----
From: 	Bonhame, Brenda
Sent:	Friday, November 02, 2001 2:49 PM
To:	Bonhame, Brenda; Wynn, Adriana; Mann, Kay
Cc:	Grimm, Allan
Subject:	RE: Draft Contract for Plant Protection Service Houston to New Orleans (Jode Corp)

I forgot to include the draft copy (it's been one of those days)

 << File: Interim Agreement for Jode Corp.doc >>


Jeff,
 In order for California to "shut its doors" it must open its
interconnections with the rest of the west and become a Texas-like electrical
island.  This they cannot do.  California has a substantial investment in
units located in Nevada, Arizona, New Mexico and Utah.  The lights would go
out in California if they opened the ties.  In the 1970's there was a hue and
cry over loop flow, with California claiming that it was being injured by
others, particularly by the interior systems trading practices, however they
never considered opening the ties, because the benefits of interconnection
were so large that the "cost" of loop flow was far exceeded by the value of
regional trade, i.e., they are economically interdependent.

 If such a foolish thing were done and California full "closed its doors" by
opening its ties, cost would go up in the Northwest, in California and all
the rest of the Western System.  There are "gains for trade" which accrue to
all parties from interconnection.  The trade is more complicated than just
summer/winter peaks (seasonal load diversity) there is also seasonal resource
diversity (Spring run off effects) and finally there opportunity to
capitalize on storage vs base load thermal operations.  I will address the
last point first to illustrate the complexity of the trading patterns.

 The interior west (Montana, Wyoming, Utah, Arizona and New Mexico) has large
amount of base load coal plants.  As load drops off in those areas, the
energy flows to the coast to back off peaking plants and to back off hydro.
The reduction of hydro production allows night time reservoir refill which
can be used to meet peak load in the Northwest and California.  This can be
seen in the attached file, which contains a set of plots for hourly flow on
the Pacific DC Intertie Jun97, Dec 97, Jun 98, Dec 98, Jun 99, Dec 99,
Jun00.  In these plots the clear day/night exchange of energy can be seen,
especially in the Jun00 plot when sales are being made to California in the
day and to the Northwest at night.  This day to night storage exchange
benefits lowers costs for everyone.

 On top of this daily/weekly cycle, there is the seasonal shift in load
diversity you noted.  For the Northwest, its peak load occurs when energy
production is the lowest -- during the winter.  As a stand alone system, the
Pacific Northwest (i.e., the Columbia Drainage area) is energy constrained.
The hydro in that area does not produce enough energy to meet annual needs.
There is plenty of generating capacity to meet any peak, but not enough to
total water flow.  Energy imports from Wyoming and Montana (e.g. Colstrip and
Bridger) are required to allow the Pacific Northwest to meet its annual
energy requirement.  With these energy inputs from the coal fields, the
seasonal water budget can be arranged to get the most value out of the hydro
system, although fish, navigation, irrigation, etc. impose an increasing
number of constraints.  Energy imports from in the winter from the South help
to meet this energy balance during the winter so water can be reserved until
the snow pack is better know in early Spring.  Some of the sales to the
Northwest from California during the winter are a result of displacement from
Desert Southwest energy moving through California and then up the Interties
to the Northwest.

 Finally, the Spring run off/fish flush when production on the river is at a
maximum and load in the Northwest is down.  The sale of these surpluses paid
for the Pacific Intertie lines and remain important to the entire system.
Much system maintenance of base load units has been historically been planned
to take advantage of this factor.  Again both California and the Northwest
benefit from this trade.

 In all cases, the parties would be worse off if the ties were open and
everyone was on their own.  The Northwest may be capacity long, but it is
typically energy short, even in flush hydro years.  The winter energy imports
from the South hold Northwest costs down just as spring run off sales to the
South lower energy costs in California.  California cannot craft a solo
solution that ignores the rest of the West.  It is probably hard to decide
who would be worst off if California "closed its doors".  It is only clear
that total cost would rise in both California and the rest of the West from
which it divorced itself.

 I hope this rambling response comes at the question you raise.

Steve

	Jeff Dasovich@ENRON
	Sent by: Jeff Dasovich@ENRON
	02/28/2001 11:35 AM

		 To: James D Steffes/NA/Enron@Enron
		 cc: Alan Comnes/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, Steve
Walton/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Richard
Shapiro/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT
		 Subject: Re: Cost of Protectionism

To Jim's last point.  I understand that the good 'ol utility system was often
operated with little regard for basic economic principles, but there's
something in this that seems very odd and difficult to assess, and it seems
to always be tied to this notion that "California is a net importer, even in
the winter."  I'm going to start with the economics and then let folks
describe why it seemingly doesn't apply in Western electricity markets.

Just about every theory of economics and trade would lead to one conclusion:
If California closes it's doors the other Western states will pay higher
prices for power and/or face increased threats to reliability.  I'm
struggling to try to determine why these basic principles aren't applicable
to Western power markets.  I understand that the PNW is a very complex place
and that the reasons could be embedded in the arcane structure that has
developed over the years.

To keep it simple (though not necessarily accurate), I've confined the
analysis to a world in which only the PNW and California exist.

The basic situation: The PNW peaks in the winter; California peaks in the
summer.

Let's take two scenarios:

1)  The West, less California, is so awash in electricity that even in its
peak--the Winter--it still has power to send to California, i.e., it has so
overbuilt it's system that it has persistent surpluses to sell to California.

Irrespective, there have (to my limited knowledge) always been sales from CA
to the PNW during the winter, when the PNW is peaking.
The only conclusion that one can make, assuming that the PNW is awash in
electricity, is that the PNW takes the power in California because it makes
economic sense to do so. That is, during the winter peaking months, it must
be cheaper on the margin for the PNW to buy from California rather than
produce itself.  Otherwise, it's difficult to understand why it would buy
from California during this month, particularly if they're long.  As such, at
a minimum, the PNW's electric bill will necessarily increase if California
closes its doors.

2) Neither the PNW , nor California, has indigenous capacity to meet peaking
load.  Therefore, the PNW must buy California's power during its peaking
summer period, and California must buy power during it's summer peaking
period.  In this case, not only will the PNW's bill go up if California
closes its doors, the lights are likely to go because they'll be short power.

I realize that this is a simplistic model, and that there could be other
legitimate economic factors driving the flows out of California to the PNW
(e.g., transmission costs).  And again, I also realize that economics may not
have traditionally been a driver in the industry.  But I thought it might be
useful to get a common framework in place as a starting point for the
question that Jim asks.

With that, I'll pose the question (understanding the simplicity of the model
set forth above):  Given that California sends power north--even if the PNW
is long---how can California closing it doors not increase the PNW's cost of
power?

Best,
Jeff

	James D Steffes
	02/28/2001 08:05 AM

		 To: Alan Comnes/PDX/ECT@ECT
		 cc: Jeff Dasovich/NA/Enron@Enron, Mary Hain/HOU/ECT@ECT, Steve
Walton/HOU/ECT@ECT, Susan J Mara/NA/Enron@Enron
		 Subject: Re: Cost of Protectionism

It seems to me that this information leads one to conclude that the value of
an open transmission network is that California does not have to build 5,000
MW of power plant (4,500 MW max input + 10%) in state.  In other words, if
California were to disconnect from the grid, someone would have to build
additional power plants in-state.

The cost to California consumers is therefore the annual carrying cost of 10
500 MW plants (made even more expensive after California expropriates the
current fleet of merchant generation).

From the perspective of the remainder of the West, the question still remains
- if California does go it alone, what is the economic impact?  Other than
legal arguments about Interstate Commerce, why should the Federal Government
want to continue to pursue open acess?  This is the hard question that we
need to answer.

Jim

	Alan Comnes@ECT
	02/27/2001 09:40 PM

		 To: James D Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron
		 cc: Susan J Mara/NA/Enron@ENRON, Steve Walton/HOU/ECT@ECT, Mary
Hain/HOU/ECT@ECT
		 Subject: Cost of Protectionism

Jim, Jeff:

Jim asked me in a voice mail what would be the cost to California of moving
from the current (evolving) system of open access to a "protectionist"
environment where access to the grid would be determined by a political body
responding to populist pressures.

Here are some things to consider.  We can talk more and I welcome Sue Mara or
Steve Walton's input:

California is a net importer so any restraint of trade would risk the state
being able to meet its own demand.  See attached slides that show PNW-CA
trade.  Even in the winter, power on a net basis flows south.

Limiting open access would primarily act to hold in-state generators hostage.
 this will kill incentives for new investment

If the ISO's proposal for market power mitigation are any guide of where a
protectionist ISO would go:
 in-state generators would be required to sell forward or lose their market
based rate certificates
 load serving entities would be required to contract forward for load and a
reserve margin.
  This is costly: it will lead to centralized planning solutions to
reliability rather than more efficient market     outcomes
 Artifical notions of "just and reasonable" rates (on top of unreasonable
reserve requirements) would lead to severe   reliability problems.  (In other
words, if Steve Peace has his way, the imports into the state will drop
off     signficanly)

There is no reason the state would be more effective at expanding the grid
(e.g., Path 15) than the current system.  (Although, admittedly the current
system has flaws.  The CAISO was set up with little thought to transmission
expansion planning.  Other RTOs are not repeating this mistake.).


Enjoy!
 - 20011221ERCOT_LOAD.XLS
 - 20011221ERCOT_FLOW.XLS


Barry, I apologize. I am at the CDWR offices all day Thursday and off on
Friday. Let's talk next week. Mark, Baldwin.

> -----Original Message-----
> From: Tycholiz, Barry [mailto:Barry.Tycholiz@ENRON.com]
> Sent: Tuesday, August 28, 2001 6:58 AM
> To: mbaldwin@igservice.com
> Subject: Meeting in San Fransisco
>
>
> Mark, I understand that we may have a hard time hooking up on thurs. as
> you are out of town.  Is there any way that we can meet on Friday AM. I
> know your were looking to take the day off but if it is at all possible
> I could meet with you really early in the a.m.  I can be mobile.
>
> My direct phone number is 713-853-1587.  Thanks, BT
>
>
> **********************************************************************
> 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.
> **********************************************************************
>


Attached is a draft letter to John Witney re the above-referenced.


As you are aware, the SAP Financial Systems will be implemented for the Enron
North America
companies on July 1, 2000.  The attached file contains timelines for a
transaction.


---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/10/2001
09:20 AM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 04/10/2001 09:14 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron
cc:
Subject: Credit Report--4/10/01


Please find attached the EGM Management Summary and Hot List as of 1/25/01.
Please contact me if you have any questions/comments.

Thanks,
Jeff

 -----Original Message-----
From:  Anderson, Patricia
Sent: Friday, January 26, 2001 2:48 PM
To: Smith, Jeff E.
Subject: 1/25 Mgmt Summary & Hot List

For distribution

Thanks,
Patricia


Attached is the information of Barbara's friend. Happy hunting.  I give you a
call later about Satellite.

Work-713-560-8065
Cell-713-498-2423


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

	Enron North America Corp.

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

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

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

	Enron North America Corp.

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

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

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


Paul,

Attached for your further handling is the Confidentiality Agreement with
Petroglyph.

Thanks,

Eric Gillaspie
713-345-7667
Enron Building 3886
----- Forwarded by Eric Gillaspie/HOU/ECT on 11/28/2000 02:23 PM -----

	Eric Gillaspie
	11/14/2000 01:23 PM

		 To: Paul T Lucci/DEN/ECT@ENRON
		 cc: Gerald Nemec/HOU/ECT@ECT
		 Subject: Re: Confidentiality Agreement

Done.
Does it look good other than that (i.e. are your ready for executables?)

Eric Gillaspie
713-345-7667
Enron Building 3886

	Paul T Lucci@ENRON
	Sent by: Paul T Lucci@ENRON
	11/14/2000 11:40 AM

		 To: Eric Gillaspie/HOU/ECT@ECT
		 cc:
		 Subject: Re: Confidentiality Agreement

Could you please change the reference to the ENA Global contract #33206000,
this is a Colorado Interstate pipeline contract # not an ENA contract #.  If
you have any questions please call me at (303) 575-6474.

Thanks
Paul


Hi Allan,

Thanks for your support.

We have not yet been given details of what transition teams will be created and what our roles will be in these. It is pretty safe, however, to expect that we will need an IT team(s) looking at all aspects of all businesses, from front to back. It is also fair to presume that we will likely start from the back office and work towards the front as governance allows.

Once we have details of exactly what is expected of us, we will determine the makeup of the team(s).

Many thanks again for your support.

Mark Pickering
Chief Technology Officer

Enron Net Works, LLC

  _____

 -----Original Message-----
From: 	Sommer, Allan
Sent:	14 November 2001 13:26
To:	Pickering, Mark
Cc:	Beck, Sally; Piper, Greg
Subject:	Merger Transition Teams

Mark,

While Enron's management teams are reviewing actions plans for the upcoming six to nine months, I understand that functional transition teams will be assembled to address the planned merger.  I would like to register my strong interest in assisting any transition team where my skills could add value. Prior to developing and supporting corporate as well as enterprise systems at Enron my career has spanned across General Electric Capital Services and ABB on a global basis. Much of this experience has included system integration and change management.

Let me know if you have any questions to the above.  Otherwise, I wanted to let you know of my interest and desire in working towards a successful transition for Enron.

Regards,

Allan Sommer
Enron ISC
713-345-5291


Attached is PIRA's latest "World Oil Market Forecast."

If you have any questions regarding the report's content, please contact
Dr. Gary Ross at (212) 686-6808, email: garyross@pira.com.

Contact Client Services regarding PIRA report distribution and address
changes at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "World Oil Market Forecast" outside a Client's
licensed distribution area is strictly prohibited. Clients that are
unsure of their licensed distribution or require an extension of their
current license should contact their PIRA sales representative, or email
to sales@pira.com.

PIRA Energy Group

 - oildec01.pdf


For those working on 12/15.  Wanted to make sure you're aware of this.
---------------------- Forwarded by D Brett Hunsucker/HOU/ECT on 12/13/2000
06:51 PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  <Cleo_Center@calpx.com>                           12/13/2000 02:15 PM

To: Market_Participant_AB1@calpx.com, Market_Participant_CD2@calpx.com,
Market_Participant_EG1@calpx.com, Market_Participant_HJ1@calpx.com,
Market_Participant_KL2@calpx.com, Market_Participant_MN1@calpx.com,
Market_Participant_OR1@calpx.com, Market_Participant_OR2@calpx.com
cc:
Subject: IMPORTANT NOTICE - PXCC Notice 00-74 ? CalPX Network upgrade

To:  All PX Participants

On Friday, December 15, 2000, the CalPX will be conducting an upgrade of the
CalPX Network in Alhambra.  The work is scheduled to begin at 21:00 (12/15/00)
and run through 02:00 (12/16/00).

During the upgrade, all network connections will be shut down; thus the CalPX
is
requesting participants to submit the following schedules in advance by 21:00
(12/15/00):

1.   Supplemental energy bids for hours-ending 23:00 (12/15/00) through 05:00
(12/16/00)
2.   Day-of Adjustment and Ancillary Services for hours-ending 01:00
(12/16/00)
through 06:00 (12/16/00)

Due to the nature of the upgrade, Day-Of Finals will not be communicated to
participants via the PXTA, but through electronic mail.  The same electronic
mail address submitted to the CalPX for Daylight Saving earlier this year will
be used.

A test electronic mail will be sent to that address for verification on
Thursday, December 14, 2000.  If you do not receive or choose to use a
different
electronic mail address, please contact the Trade Floor at 800-464-8831.

The Real Time Operations should not be affected by this outage, and can be
reached at the regular number during the upgrade at (626) 537-3232.


Thanks


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From: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
To: vkaminski@aol.com
Message-ID: <862568DD.00794A86.00@notes.ect.enron.com>
Date: Fri, 12 May 2000 17:04:47 -0500
Subject: Conference May 31 on Energy Derivatives in Toronto
Mime-Version: 1.0
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X-Mailer: Unknown

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/12/2000
05:07
PM ---------------------------

Phelim Boyle <pboyle@uwaterloo.ca> on 05/12/2000 03:47:59 PM

To:   Vince.J.Kaminski@enron.com, Amy Aldous <aaldous@watarts.uwaterloo.ca>,
      pconcessi@deloitte.com, ROSS Raymond -CMMRCL OPS
      <raymond.ross@ontariopowergeneration.com>
cc:
Subject:  Conference May 31 on Energy Derivatives in Toronto

 Vince
Thanks again for agreeing to speak at our conference.
It is attracting considerable interest. .

Is it possible for you to send us copies of your slides by May 18 to meet our
deadline for
preparing the material.? If you have? a related paper available that covers
some of the same material that would do instead but
naturally we would prefer the slides.

I would like to mention again the?? the pre-conference dinner at
7 pm on Sunday May 30 for the speakers
We hope very much you can be present

I was also hoping you would be available for the last? session of the day to
be
panel member
The provisional title? is
Managing Risk in Illiquid Markets
The chair is Pat Concessi of Deloitte and Touche
The panel last from 3.30 until 4.30 and we would like panel members should
speaker for
a few minutes and take questions from the floor.

In the meantime if you have any questions please let Amy or myself know

Sincerely
Phelim P Boyle

--
Phelim P Boyle
Director
Centre for Advanced Studies in Finance,
University of Waterloo,
Waterloo, Ontario
Canada N2L 3G1

Tel? 519 885 1211(6513)
Fax 519 888 7562


Ruth,
I'll send this spreadsheet as I update it.

Talk to you soon. (I'm set up to come next Thursday with the boys).

Theresa


Where will you  be this weekend?
With  us at Cosmo's Cafe
Friday,  1-11-02
69 Height's  Blvd.
Houston,  TX
713-802-2144
Show starts at  10:00 and there is no cover charge!
 www.clayfarmer.com
check out the website  for more performance dates

Tune in to 95.7fm KIKK  Saturday
with
Leslie T. Travis'
"The Morning  After show"
(7:00AM -  11:00AM)

 Leslie T will  interview Clay Farmer
Saturday, January 12th

"Leslie T plays music from Texas artists most stations don't  think you need to know exist (they probably don't know themselves)."  (KIKK)
These  are the artists that play right here in Houston and she interviews them and  plays their music on her show!

Call in and show your  support!
Request Line:  713-390-5455
Email Request: click here
Email Leslie T: lesliet@ev1.net

If you would like to  be removed from this list email schedule@clayfarmer.com  with REMOVE in the  subject and include your name and email  address.


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


Dick,

Here is the info you requested on the PIX methodology. PLease read the email as well as the attached files.

Monika
-----Original Message-----
From: Timo Ter?s [mailto:timo@foex.fi]
Sent: Tuesday, July 24, 2001 11:29 AM
To: Causholli, Monika
Cc: tuula@foex.fi
Subject: Re: Foex Index; yr two e-mails

Hi Monika,

Welcome to the pulp and paper world.

In order to understand the index system, the first thing is to look at our
web-site www.foex.fi which includes a lot of information, particularly in
this case the FAQ section. You probably have taken a look at that already,
though.

Our two pulp indexes, NBSKP (Northern Bleached Softwood Kraft) and BHKP
(birch+eucalyptus) cover the European market. As abt 40% of the world pulp
trade is for the European market, these are, in a way, considered to be the
"world market prices", particularly as the third biggest market, North
America (Asia is the second biggest) has virtually the same prices as
Europe; correlation between the two is well over 0.9.

The sellers reporting to us are, by definition, in NBSKP from Canada, US
West Coast and the Nordic countries. BHKP (birch, euca) sellers are from the
Nordic region, Latin America, Spain and Portugal and a number of
Asian/African companies selling Eucalyptus pulp to the European market.
Buyers are European producers of paper and paperboard buying at least some
of their pulp from the open market, representing virtually all countires in
Western Europe. The split between birch and euca is approximately 30%/70%,
again reflecting the actual situation in the European market.

The exact coverage is difficult to calculate as some of the data received
from buyers are from same deals which are reported by the sellers and some
are not. The producers reporting to us represent roughly 80% of the supply
to Europe in the two benchmark grades.

Most (=80-90%) of the pulp sold in Europe is so-called contract business.
This means that a buyer and a seller have an annual or multiannual contract
covering the grades and volumes, quantity rebates etc. However, prices are
fixed also for contract business on a monthly/quarterly basis. Most of the
pulp arriving Continental Europe or UK from abroad, goes through consignment
warehouses (in places like Antwerp, Rotterdam, La Pallice, Tilbury,
Savono-Livorno range etc.). As forwarding companies allow 30-60 days of free
storage, buyers do not hold much inventory at their mills but take the pulp,
delivered by sellers in large shipments, little be little by lorry, rail or
barge. Each delivery is invoiced separately and those invoice prices are the
price reported to us, before customer specific rebates. Prices are for prime
grade pulp and for delivery during the current or latest for the following
month.

The following comments are worth making:
- Our system is based on first taking off top 10% and bottom 10% of the
prices received and only then calculating the index (or rather benchmark)
values. This way we avoid any clerical errors in the data received as well
as any theoretical attempts of manipulation (we have never detected any
attempts)
- We have a more or less equal number of prices received from buyers and
sellers. Some we receive through agents/merchants/trading houses - usually
mandated by a supplier to give us the price data
- If someone does not report their prices on a given week, we can use the
previous week's data but only once
- Prices are not volume-weighted (in order to avoid the manipulation
possibility and unnecessary weekly changes up and down because a supplier
sold one week to large customers and next week to small ones)
- Prices are CIF European port before customer-specific rebates (again to
avoid unnecessary volatility of the index at a time when prices remain
unchanged; also, rebates are often given only afterwards - e.g. when
exceeding a certain tonnage threshhold - and we cannot alter our indexes
retroactively)
- Our index system is approved by financial regulators and by European
Community anti-trust regulators (=DG IV) and audited by
PriceWaterhouseCoopers.
- There is a group of independent experts, case need, as "trouble shooters".
Never have had any and never have received any official complaints about the
index values.
- Participation is totally voluntary
- The main reasons for differences between the often compared FOEX indexes
and Pulpex quotations include:
a) our prices are before customer-specific rebates (averaging 5-6%), Pulpex
prices are net
b) our prices are for contract business, Pulpex prices represent the lowest
spot-levels in a weak market and highest spots in a strong market
c) our price info is based on actual sales, Pulpex prices are expectations
what the spot price might be in e.g. 3 month's time
d) our price is for a prime quality (within each benchmark grade there are
surprisingly large differences between individual mill grades sold) approved
by a seller from a particular supplier/mill, whilst Pulpex prices, based on
a delivery concept (i.e. you do not accept the price offered to close a
contract, you can make/take delivery), are prices in a particular inventory
location (3-4 alternative ones), sometimes far away from buyer's or seller's
normal ports for any lot (often unknown/unwanted grade, up to 11 months and
29 days old goods). This system tends to emphasize in the Pulpex system the
extreme prices, up or down, particularly in these early stages with low
liquidity.
- Our indexes are trade-marked products. Therefore their use for any
commercial purposes is possible only with our permission. To get that
permission, users pay us a small premium, the main source of our income.
Enron and FOEX Indexes Ltd. have a contract, Bob Crane has the details at
your end.

I trust this is helpful. I encourage you to contact us anew for any
additional questions.

Please find enclosed, for order's sake our pulp specs, some additional
comments we send to the price providers and the historical price series you
asked for (historical series are still without today's indexes, to be
published about an hour from sending this message; you can add those from
our web-site by the time you read this).

My best regards to you as well as to David and Elizabeth.

Timo Teras

-----Original Message-----
From: Causholli, Monika <Monika.Causholli@ENRON.com>
To: timo.teras@poyry.fi <timo.teras@poyry.fi>
Cc: timo.teras@foex.fi <timo.teras@foex.fi>
Date: 23. hein?kuuta 2001 11:43
Subject: Foex Index

Hello Mr. Teras,

My name is Monika Causholli and I am a new analyst working at Enron
Industrial Markets concentrating in pulp. I work with David Allan and
Elizabeth Hutchinson whom you met in the conference in Las Vegas.

I am in the process of understanding the pulp market and how it works.
Right now I am working on a project where I have to analyze the FOEX
index and the methodology behind it. I have seen one of the
presentations that you have presented in the States a while ago but I am
looking for a little bit more detail. For example, what kind of
companies you contact, what percentage of industry they represent in
terms of tonnage, markets that they represent, what geographic area
these companies represent and anything else that you think its important
to know.

I would very much appreciate your help in the matter,

sincerely,
MOnika Causholli


Pat,

As we discussed this morning, I need your help in getting copies of EES agreements related to retail efforts behind several NY LDC's.  The LDC's in question are Niagara Mohawk (aka NiMo), NYSEG (aka New York State Gas & Electric), and Rochester Gas & Electric (aka RG&E).  The agreements I am looking for are the master contracts that EES may have signed with the LDC's that addressed the release of upstream transportation and storage capacity with interstate pipelines (e.g. Dominion, Columbia Gas, Tennessee, etc.), operational balancing agreements that covered swing supplies, and the transfer of existing LDC storage volumes on the upstream pipelines.

We are using this information to get ready for a Bankruptcy Court Hearing that is coming up in a couple of weeks.

Thanks for moving this one to the top of the list,

Ruth
713-853-1667


Effective date of your current rotation           8/24/98
Current business unit name                                ENA
Company number or GL                                      413
RC# or CC#          1638
Supervisor name         Brenda Herod
Supervisor's Assistant's name                         Yvette Connevey
Assistant's Phone        35953


Attached is the (near) final draft of the organization announcement.

If you have any comments, please contact me as soon as possible.


Don't worry - you're not supposed to let go while I'm away.

Speak to you later

Cell number 713 530 0838 or 011447778757656

-----Original Message-----
From: Lavorato, John
Sent: Sun 1/27/2002 8:31 PM
To: Calger, Christopher F.; Milnthorp, Rob; Milnthorp, Rob; Whalley, Greg; Whalley, Greg; Shively, Hunter S.; Presto, Kevin M.; Lavorato, John; Belden, Tim; Oxley, David; Kitchen, Louise
Cc: Oxley, David; Slone, Jeanie
Subject:

Ok So I'm having trouble letting go.......

9:00 am  Greg and I and Louise will meet with the back office to discuss staff.
10:00 am  We will meet discuss staff.  We need to have further meeting later with our staff to determine if we should offer other people jobs.  We have a lot of front office spots.  Slone, you need to get us a front office count by region.

I suggest that Hunter and Dave Ryan coordinate interviews for outside weather guys for next Monday.  We should bring in 10 if we can and hire 2 or 3.   I suggest Presto works with Gaskill and Will and the H guy I can't spell in Portland to put together gas and power fundies presentations for a week Tuesday.  I would like to have a clue before I start trading.

Hunter on the gas trading side I say we put all front office into 4 groups and give them a task to come up with the best Organization structure.   It will get everyone working.  We need that.  I would suggest that we start projecting our groups to death so they're focused on business.

I also suggest we put all the screens on the floor to commodity prices to keep people from watching Enron shit all day.

Lavo


Thank you for the summary.  Where can we find a detailed summary of the gas
cost mechanism?  Are we confident that it is an average of all border points
into CA?  If the real time price is capped at the least efficient generator,
then what happens if this genertor can only buy Socal daily gas?  This
avergae CA gas price will lead to a tighter heat rate for the generators,
since the spread between Malin and Socal has reached $7.00 at times.

Thank you,
Mike Grigsby


----- Forwarded by Steven J Kean/NA/Enron on 02/20/2001 01:28 PM -----

	Sherri Sera
	02/15/2001 11:48 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Maureen McVicker/NA/Enron@Enron, Joannie Williamson/Corp/Enron@ENRON
		 Subject: Re: Legal/Political Time-bomb Ticking

Steve, I thought you should probably see this, too.  Any idea what this guy
is rambling about?  SRS

	From:  Joannie Williamson                           02/15/2001 11:10 AM

To: Rex Rogers/Corp/Enron, Sherri Sera/Corp/Enron@ENRON
cc:

Subject: Legal/Political Time-bomb Ticking

I'm still trying to sift thru this, but I thought you should read.

Joannie
---------------------- Forwarded by Joannie Williamson/Corp/Enron on
02/15/2001 11:07 AM ---------------------------

Will Griffin <griffgrp@bellsouth.net> on 02/15/2001 10:52:22 AM
To: joannie.williamson@enron.com
cc: investor-relations@enron.com, corpcomm@hughes.com, diana.ball@hsc.com,
parkem@hhmi.org, brickhil@hhmi.org, stumpfs@hhmi.org, mullinsr@hhmi.org,
james.doty@bakerbotts.com, bruce.kiely@bakerbotts.com,
walter.smith@bakerbotts.com, tolson@gibsondunn.com, whowell@gibsondunn.com

Subject: Legal/Political Time-bomb Ticking

Dear Ms. Williamson:

    Per an autoresponder from Yorleni Mendez, I am forwarding to you
what I sent to Enron & others a couple of days ago, which was in
supplement to what I sent on Feb. 6th.  Time is of the essence and not
on your side.  Nor are the facts & the law on your side.  Therefore, you
need to find a way to get us to be on your side.

    Due to the urgency and foreseeable and announced forthcoming event
horizons, I believe you may wish to provide copies of the attached to
the proper persons at Enron for their immediate attention.  Please let
them know that if I have to continue to give information & documents to
the U.S. Senate and the proper others, that I will do so and then also
show that the failure of Hughes interests/companies to take remedial
measures was indeed blatant refusal.  We have already logged where
Hughes companies/interests have been to
http://willgriffin.com/hughes.htm thus you might as well continue to
visit there and see where we have posted changes and new information.
The knowledge of the Hughes companies/interests of these matters is now
clearly established.  We've already submitted some of our visitor logs
and other documents to the proper others, establishing the knowledge of
Hughes companies/interests to others.  This is something I am sure will
be most meaningful to the lawyers, along with a few other things I'm
sure which will get their attention..

    Also please have someone forward the attached to William Rice
Lummis, James A. Baker and others and advise them that surprises,
attention getters & wake-up calls are just around the corner.  They need
to contact us soon, before it becomes improper to discuss how a
reasonable (fanny & facing-saving) resolve for Hughes
interests/companies may be achieved.

Will Griffin
http://willgriffin.com/hughes.htm

X-Mozilla-Status2: 00000000
Message-ID: <3A8970D3.C2FBB441@bellsouth.net>
Date: Tue, 13 Feb 2001 11:37:24 -0600
From: Will Griffin <griffgrp@bellsouth.net>
Organization: Griffin Group
X-Mailer: Mozilla 4.7 [en]C-bls40  (Win95; U)
X-Accept-Language: en
MIME-Version: 1.0
To: corpcomm@hughes.com, diana.ball@hsc.com,  investor-relations@enron.com,
parkem@hhmi.org,  brickhil@hhmi.org, stumpfs@hhmi.org, mullinsr@hhmi.org,
james.doty@bakerbotts.com, bruce.kiely@bakerbotts.com,
walter.smith@bakerbotts.com, tolson@gibsondunn.com,  whowell@gibsondunn.com
Subject: Advisory of Your Legal/Political Exposures Coming True
Content-Type: multipart/mixed; boundary="------------C4135F3BD40002931C95C2CA"

Dear Hughes Electronics, Enron, HHMI, and Hughes Lawyers, et. al:

    I am fully aware how many of the Hughes interests visited
http://willgriffin.com/hughes.htm after I sent you an e-mail on Feb. 6,
2001, advising you of your impending difficulties and exposures.

    I have made some changes to these Hughes related pages, including
posting my advisory to you to http://willgriffin.com/letterto.htm for
your convenience and reference, with active e-mail links to you and each
other.

    Also since I contacted you last week (the next day), Enron has been
in the news as being the biggest beneficiary of the California energy
woes, while also being the largest contributor, fund-raiser and general
benefactor to President George W. Bush.
http://www0.mercurycenter.com:80/premium/business/docs/enron07.htm
Another article goes even further showing the relationship of James
Addison Baker III to Enron and Hughes "Bush's Biggest Donors Gain From
High Prices in California Crunch"
http://www.villagevoice.com:80/issues/0106/ridgeway3.shtml

    You may wish to re-visit the updated
http://willgriffin.com/hughes.htm (refesh/reload the page to clear your
browser's cache of the previous copy) after reviewing the news articles
links about Enron provided above.  You should know and reasonably
foresee that you are not the only visitors to my Hughes pages.  You
should also know that I've had contact with the proper authorities and
this to include correspondences within this past week.  Then again, I'm
sure many in the pipeline of those who review this and my previous
advisory know this to be true, or to reasonably foresee the interest of
many others at a minimum.

    I believe you to foresee more to soon become public difficulties for
you and that the intensity will no doubt increase significantly.  You
should know that any political related problems will include Democrats
in volumes, but there exists quite a few Republicans who will disavow
and distance themselves from you.  The China-Hughes missile & satellite
technology transfers, that were cited in the Cox Committee report, and
the arming of Sadaam Hussein with Hughes technologies issues are about
to pop up their heads and see a longer shadow than the groundhog
recently did.  This, in addition to the recent articles about Enron,
current activities and forthcoming event horizons, is not good news for
Hughes interests.

    You just might want to ask William Rice Lummis and James A. Baker
III, et. al. how they intend to solicit the help of the guy who holds
the keys to resolve, who they've got a little miffed at them, because of
what was done to him in an ad hominem attempt.  Certainly, when it is
true that if he now does nothing and a profound correlation exists
between how bad things go for you and how good things go as a result for
him, then why should he help y'all?  It appears if you ask Mr. Baker
about the Matter of Hughes and how we hold the keys to an amiable
resolve, that he will stipulate that it will take some real "Politics of
Diplomacy" to persuade us to help you, but that this needs to be
urgently accomplished.

Will Griffin

 - griffgrp.vcf
 - griffgrp.vcf


Ann would like to be rotated off.  Thanks.  DF

Julie McCoy
01/24/2000 11:46 AM
To: Michel Nelson/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Norma
Hasenjager/ET&S/Enron@ENRON
cc:

Subject: Follow-up: ET&S Employee Activity Committee

Message per Mike McGowan:

Good morning.

In early January, Mike McGowan requested you to review the current listing of
ET&S Employee Activity Committee members and to determine if the member(s) of
your staff would like to remain on the committee or be rotated off.  Please
inform me at your earliest convenience regarding their status of membership
on the committee.

ET&S Employee Activity Committee
Martha Benner - Drew
Marsha Dorris - Norma
Stephanie Korbelik
Laura Lantefield
Bruce Martin - Mike
Julie McCoy
Virginia O'Neill
Ann Smith - Drew
Rob Wilson
Michele Winckowski

Thank you.

Julie


Patricia A Sterling
PO Box 278
New Baltimore, NY 12124
psterling@mhcable.com

To Mr. Ken Lay,

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

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

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

Sincerely,

Patricia A Sterling


AGA is (23) w/d for 3/16/01

* In addition to the net withdrawal of 23 Bcf of working gas from storage,
1 Bcf of base gas was withdrawn from the Producing Region for the week
ending March 16, 2001. To date, 8 Bcf of base gas has been withdrawn.


Howdy -

The early morning news on Channel 11 reported the arrest of someone the
cops called "The Montrose Burglar".  They said he may be responsible for as
many as ten armed robberies and is being charged with three, and that armed
with a pistol, he would hold up people leaving bars and clubs late at
night.  The mug shot showed a middle aged black guy, balding.  He doesn't
sound like either the Fargo Carjacker or the Fairview Minivan Mugger but
maybe, knock on wood, this arrest will put a liitle dent in the crime
stats.

Carla

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i don't think jay was promoted.  actually i heard very few people were promoted.  i am not sure about him though.

 -----Original Message-----
From: 	Bass, Eric
Sent:	Tuesday, February 05, 2002 2:36 PM
To:	Lenhart, Matthew
Subject:	RE:

no i am just hearing that most everyone got promoted

 -----Original Message-----
From: 	Lenhart, Matthew
Sent:	Tuesday, February 05, 2002 2:35 PM
To:	Bass, Eric
Subject:	RE:

i have no idea.  did you hear he was?

 -----Original Message-----
From: 	Bass, Eric
Sent:	Tuesday, February 05, 2002 2:32 PM
To:	Lenhart, Matthew
Subject:	RE:

just wondering - mainly i was wondering if matt smith is a manager now?

 -----Original Message-----
From: 	Lenhart, Matthew
Sent:	Tuesday, February 05, 2002 2:30 PM
To:	Bass, Eric
Subject:	RE:

i don't know.  why?

 -----Original Message-----
From: 	Bass, Eric
Sent:	Tuesday, February 05, 2002 2:22 PM
To:	Lenhart, Matthew
Subject:	RE:

who all got promoted on your desk?
 -----Original Message-----
From: 	Lenhart, Matthew
Sent:	Monday, February 04, 2002 10:27 AM
To:	Blanchard, Timothy; Bass, Eric; O'Malley, Justin; 'val.generes@accenture.com'; 'kevin.a.boone@accenture.com'
Subject:	FW:

 -----Original Message-----
From: 	Bhatia, Randy
Sent:	Monday, February 04, 2002 10:00 AM
To:	Wolfe, Jason; Lenhart, Matthew
Subject:

http://www.bol.ucla.edu/~rahjr79/ninja.htm


----- Forwarded by Richard B Sanders/HOU/ECT on 06/05/2001 06:44 AM -----

	"John Quinn" <jbq@quinnemanuel.com>
	05/16/2001 12:04 AM

		 To: <Richard.B.Sanders@enron.com>
		 cc:
		 Subject: Re: Trial Lawyer

frank barron, cravath  212-474-1506

will do some more checking and get back

>>> <Richard.B.Sanders@enron.com> 05/15/01 03:44PM >>>
I anticipate that Enron may have some legal issues in New York similar to
the issues Enron has faced in California.  Can you recommend a top notch
trial lawyer (similar to yourself) at any firms in New York?

Thanks.


you should see the rash


Home and cell phone number are correct.  I do not have a pager.  --Sally

Christie Connell@ENRON
07/05/2000 04:10 PM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Phone # verification

I am updating Rick Causey's contact cards. Are these still your correct #'s?

H. 281-370-8568
Cell 713-417-1591
Pager ?

Thank you for your response.
Christie Connell


Tracy---

The annuity was booked 2-9-01 and it liquidated 2-12-01.  The deal number is
519063.


Vince and Stinson,

We met Bill Bradford yesterday, the credit model modification turns out to be
three projects.

1) Potential exposure calculator

   This requres forward curves simulation and revaluation of all deals over
the tenor (typically 20 years).
   It needs multi-factor HJM and gas-electricity joint factors of loading.
Output from this model is the maximal loss amount and
   its confidence interval.

   Expected delivery time: 1 month

2) Include Asian option model into the current XLL calculation engine.

    This is more concrete and simly to do.

    Expected delivery time: 2 weeks.

3) Incorporate Krishna's "EAM" option valuation into the credit model

    This one is not yet urgent.

I may need more resources to accomplish these tasks.   Paulo has difficulty
to commit himself to even to the second task,
citing that he has other things to do.  Therefore I need your help in setting
the prorities.

Thanks,

Zimin


Tom Celentano of FERC Energy Markets (in Scott Miller's group) is collecting
informal information about the California market.  He has asked Transwestern
to provide the following information for the gas day of December 7.  He would
like this data in the next few hours (preferrably via fax 202-208-1010):

Capacity available by segment
Whether TW had any curtailments, OFOs, or any other limitations or penalties
in place
Scheduled capacity to the California delivery point by service type
Any nominations which were not confirmed/scheduled at the California delivery
points
Throughput

Initially he also asked for pricing data -- specifically any information that
we have about delivered prices at the California border.  Steve Harris and I
told him that any information we would have on this point would probably be
hearsay or info. from gas daily or EOL sources.    He said he had access to
published data & we could drop this part of the request.

Steve January is working on providing items 1-5.


Cindy,

At this time, Energy Operations is not prepared to sign off that SAP
development for Energy Operations has been completed and that based on what
was seen at user reviews all requirements have been met.  Having been in your
position on other projects, I understand your need for this sign-off.  In an
effort to focus both our teams on resolving and remaining outstanding issues,
we can provide the following list of known items which remain unclear to us.

Mapping profit centers/books
Inability to unit test the power interface due to lack of profit center
definition for power
AR reporting by product/coordinator/counterparty
Reversal of prepay accruals for Financial Settlements
Netting control point for AP
Reporting Entities (Co 842)
Report Requirements
Cash forecasting tools
Netting intercompany offsetting 3rd party (FX)
Monetizations
Controls on writeoffs
Flex file upload

Call Melissa at X35704 for detailed explanations.  I'm available as always at
X33179.

Stephen


Here is an updated New Power Company exposure as of 10-24.  I have included Buy/Sell, Deal Type, and Capacity/Commodity.  Please let me know if there is any other detail you need.

Stacey


EOL Deals	 From: 6/1/2001   To: 6/19/2001	 	EnPower Deals	 From: 6/1/2001   To: 6/19/2001
Desk	 Total MWH	 Total Deals	 	Desk	 Total MWH	 Total Deals

EPMI Long Term California	 5,414,800	 305	 	EPMI Long Term California	 1,302,600	 45
EPMI Long Term Northwest	 3,952,400	 199	 	EPMI Long Term Northwest	 19,597,675	 245
EPMI Long Term Southwest	 5,884,900	 479	 	EPMI Long Term Southwest	 10,772,035	 186
EPMI Short Term California	 1,244,712	 1,171	 	EPMI Short Term California	 979,622	 485
EPMI Short Term Northwest	 623,600	 815	 	EPMI Short Term Northwest	 743,656	 391
EPMI Short Term Southwest	 1,071,344	 1,014	 	EPMI Short Term Southwest	 1,569,000	 463

    Grand Total	 18,191,756	 3,983	 	    Grand Total	 34,964,588	 1,815

EOL Deals	 From: 6/19/2001   To: 6/19/2001	 	EnPower Deals	 From: 6/19/2001   To: 6/19/2001
Desk	 Total MWH	 Total Deals	 	Desk	 Total Deals	 Total Deals

EPMI Long Term California	 452,800	 40	 	EPMI Long Term California	 358,800	 11
EPMI Long Term Northwest	 294,800	 19	 	EPMI Long Term Northwest	 843,800	 24
EPMI Long Term Southwest	 637,250	 66	 	EPMI Long Term Southwest	 608,800	 25
EPMI Short Term California	 59,392	 86	 	EPMI Short Term California	 140,120	 53
EPMI Short Term Northwest	 14,400	 49	 	EPMI Short Term Northwest	 76,600	 29
EPMI Short Term Southwest	 77,040	 98	 	EPMI Short Term Southwest	 149,600	 41

    Grand Total	 1,535,682	 358	 	    Grand Total	 2,177,720	 183

ICE Volumes	 From: 6/19/2001   To: 6/19/2001
Delivery Point	 Total MWH	 EPMI MWH	  Price
NP-15 (OP, Next Day)	 200	 0	  $      47.00
Palo (OP, Next Day)	 200	 200	  $      35.00
Mid C (P, Next Day)	 800	 0	  $      87.00
Mid C (P, Bal Month)	 3,600	 0	  $      80.00
Mid C (P, Jun02)	 10,000	 0	  $      68.00
NP-15 (P, Next Day)	 400	 0	  $      85.00
Palo (P, Next Day)	 400	 0	  $      93.50
Palo (P, Bal Month)	 14,400	 0	  $      92.88
Palo (P,Jul01)	 70,000	 0	  $    124.96
Palo (P, Sep01)	 9,600	 0	  $    105.00
Palo (P, Oct01)	 10,800	 0	  $      77.50
SP-15 (P, Next Day)	 4,400	 0	  $      94.64
SP-15 (P, Bal Month)	 18,000	 0	  $      83.80
SP-15 (P, Sep01)	 19,200	 0	  $    103.75

Grand Total	 162,000	 200	  $  1,178.03


---------------------- Forwarded by Kay Mann/Corp/Enron on 03/07/2001 10:25
AM ---------------------------
From: James D Steffes on 03/07/2001 10:25 AM
To: Kay Mann/Corp/Enron@Enron, Ben Jacoby/HOU/ECT@ECT, Marchris
Robinson/NA/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT
cc:

Subject: Tripp Scott Engagement

Kay --

I'm sending you some forms to work from on Enron's standard Government
Affairs Consulting Services agreement (Marcia Linton will deliver).  Included
within this form is language that can be added to discuss the success fee.
As we discussed on the phone, my understanding is that the success fee is
legal for non-state level activities in Florida.

I am happy to sign these arrangements to move the process forward.  We need
to make sure the arrangements indicate the correct primary point of contact
(Project Manager) and the right billing person.

Thanks,

Jim


Jeff,

We shall continue talking to Howard when he comes back from NYC.
I shall set up an interview with him.

Vince

"$$$$$$$$$$$$$$$$$$$$$$$$$$$" <jjw@ziplip.com> on 02/05/2001 12:49:20 PM
Please respond to "$$$$$$$$$$$$$$$$$$$$$$$$$$$" <jjw@ziplip.com>
To: Vince.J.Kaminski@enron.com
cc:
Subject: Vince...feedback from Howard on debrief

Hi Vince, this is exactly what I recieved back from my man in the UK...pls
review. Any comments or instructions?
Thank you,
Jeff Wesley 949 813 2241 Direct
********************************************************
 spoke to Howard, he is intereste in speaking to someone higher up the
 foodchain at Enron. He got the impression that those people he met would
 report into him. He really needs to speak to someone higher up and discuss
 the roles strategic potential.

 He is interested mainly in structuring which this role is not. But he
 recognised where it might lead and this would potetially be interesting to
 him but needs to speak to someone who is involved in the strategic direction
 of enrons credit.com.

 Vuthy is aware that Enron have intimated they want to see him again. Howard
 has told me there is a lot happening for him both here and in the US. Vuthy
 will arrange to get Howard interviewed here in London early next week.

 Tks and rgds
 Alec

*  Get free, secure online email at http://www.ziplip.com/  *


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I will be out of the office September 18-19,2000 and will return Wednesday
September 20, 2000.  If you should need anything in the mean time please call
Sheila Walton at X30649 or the HR assistant Ramona Perkins at X58165.


Start Date: 4/13/01; HourAhead hour: 10;  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\2001041310.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 10 / Preferred:  12.00 / Final:  11.97)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/13/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_TOBY
  ENGY_TYPE: WHEEL


Dee:
Can you please have someone just print six copies off.  Nothing else.  Thanks!
Ben
3-7998