Dear Alumni,

Valmont Industries is seeking a Commercial Sales Director
for their Global Poles Division in Shanghai, China.
Interested candidates should fax or e-mail a cover letter
and resume to Ms. V. Brown at VKB@valmont.com or
402-359-6022.  Please note that they are requesting a
response by October 26, 2001.

Thank you.

---------------------------------------------
Company: Valmont Industries
Division: Global Poles Division

Commercial Sales Director, China/Asia/Pacific
$350+ million division of a publicly traded $1 billion company headquartered
in the Midwest is looking for a high-energy, disciplined sales and marketing
executive to lead commercial activities in its China/Asia/Pacific region.
Headquartered in Shanghai, China this person will be responsible for the
sales organization of a $30 million manufacturing business.  This includes
managing a domestic sales organization operating in three different markets,
and an export team focused on key countries within the region.  This
position reports to the General Manager.  Ideal candidates will offer a
technical undergraduate degree, an MBA from a top-tier school with 7+ years
total sales and marketing experience, and fluency in English and Chinese.
We seek candidates with high integrity, a passion for manufacturing
businesses, strong determination, outstanding communication skills and
maturity, and a focused goal orientation.  The right candidate will have the
opportunity to develop into a senior-level leadership role within the
business, and make a long-term career in China.  Total compensation package
(base plus incentive) for this position will be $60,000 to $120,000
depending on experience, skill set, and performance.  Respond by October 26,
2001 to V. Brown via email: VKB@valmont.com <mailto:VKB@valmont.com>  or fax
resume to 402-359-6022.  We are an EOE M/F/V/D.

_________________________________________________
MBA Career Management Center
The Anderson School at UCLA
Entrepreneurs Hall, C201
Phone: (310) 825-3325
Email: career.management.center@anderson.ucla.edu
Web: http://www.anderson.ucla.edu


Clint--we will assume that you or Jeff is taking care of getting the payment made.

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Friday, October 26, 2001 4:16 PM
To:	Freeland, Clint; Armogida, Jim; Nogid, Jeff; Rogers, Rex
Subject:	Early Termination of UBS forward

I am faxing to you a copy of the Statement submitted by UBS to Enron Corp. reflecting calculation of the Early Termination Amount owed by Enron Corp. and due on Monday, October 29, 2001.

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


User ID:  enrondlr
PW:        bnaweb22

 -----Original Message-----
From: 	"BNA Highlights" <bhighlig@bna.com>@ENRON
Sent:	Tuesday, October 23, 2001 11:12 PM
To:	BNA Highlights
Subject:	Oct. 24 -- BNA, Inc. Daily Labor Report

______________________________

DAILY LABOR REPORT
Highlights & Table of Contents
October 24, 2001
______________________________

ISSN 1522-5968

Registered Web subscribers can access the full text of these
articles by using the URL link supplied.

Information about becoming a subscriber or signing up for a
FREE Web trial is available at http://web.bna.com or call
BNA Customer Relations at 1-800-372-1033, Mon. - Fri. 8:30
am - 7:00 pm (ET).
__________

HIGHLIGHTS
__________

RYAN'S STEAK HOUSES' ARBITRATION PACT UNENFORCEABLE, APPEALS
COURT FINDS

The Seventh Circuit finds unenforceable an agreement
employees hired by Ryan's Family Steak House in Indiana were
required to sign with an arbitration service. The
obligations of Employment Dispute Services Inc. are so vague
and general that the agreement is unenforceable, the court
rules ("Penn v. Ryan's Family Steak Houses Inc., "7th Cir.,
No. 00-2355, 10/17/01).

 Judge Diane P. Wood finds the contract between Ryan's food
server Craig Penn and EDS was "hopelessly vague and
uncertain as to the obligation EDS has undertaken" and that
EDS "could fulfill its promise by providing Penn and Ryan's
with a coin toss." Finding the contract unenforceable, the
court affirms a district court's denial of Ryan's motion to
compel arbitration of Penn's claims of disability harassment
and retaliation.

 Penn worked as a food server at a Ryan's in Fort Wayne,
Ind., from 1996 until 1998 when he was fired. He filed a
suit under the Americans with Disabilities Act charging that
Ryan's maintained a hostile work environment and that he was
fired for complaining about harassment. When Penn was
initially hired by Ryan's, he was required to sign a
contract with EDS to have EDS provide an arbitration forum
for all employment-related disputes with Ryan's.  Relying on
Indiana law, the court says the contract between EDS and
Penn lacked mutuality of obligation and contained only an
"unascertainable, illusory promise" by EDS while placing
significant obligations on the employee. . . . Page AA-1,
Text E-10

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w3p3w5_

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k1m5_

COURT LIMITS SEX BIAS CLASS ACTION AGAINST BOEING TO SEATTLE
AREA

A federal judge in Washington state certifies a class of
some 30,000 female Boeing Co. employees who allege they were
discriminated against in job assignments, promotions,
training, retention, and bonuses ("Beck v. Boeing Co., "W.D.
Wash., No. C00-301P, 10/19/01).

The class of hourly employees--represented by the
International Association of Machinists--and nonexecutive,
salaried employees are employed at facilities in the Puget
Sound area of Washington. The plaintiffs had originally
sought to represent 42,000 workers nationwide, including
employees in St. Louis, Wichita, Kan., and Long Beach,
Calif., but Judge Pechman of the U.S. District Court for the
Western District of Washington limits the class to improve
manageability, calling the sweep of the proposed class
"immense."

Boeing has been the subject of two other class actions
alleging bias by African American and Asian American
employees. In 1999, a court awarded $14.2 million to the
black plaintiffs, and the second suit is still pending. . .
. Page A-2

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5h9t2_

NLRB RULES 2-1 ILLEGAL CONFIDENTIALITY RULE REQUIRES NEW
ELECTION

Freund Baking Co.'s maintenance of a personnel handbook
provision illegally barring employees from discussing wages,
hours, and other terms and conditions of employment requires
setting aside a representation election, National Labor
Relations Board rules 2-1 ("Freund Baking Co., "336 N.L.R.B.
No. 75, 10/1/01 [released 10/22/01]). Ordering that a third
election be held in the longrunning case, Members Truesdale
and Walsh agree with a hearing officer that employees could
reasonably interpret the confidentiality provision "as
prohibiting them from discussing their wages and working
conditions with a union, as well as with others outside of
the company." Going one step farther than the hearing
officer, the board finds the provision could reasonably be
construed as prohibiting workers from discussing terms and
conditions of employment with other employees.

Chairman Hurtgen agrees the handbook rule is illegal.
However, Hurtgen, finding no evidence that the rule was used
to punish employees' protected activities, asserts that
maintenance of the rule did not merit setting aside the
election. Local 119 of the Bakery, Confectionery, and
Tobacco Workers lost the second election by a 30-3 vote. . .
. Page A-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5h2j7_

SIXTH CIRCUIT FINDS TVA NUCLEAR SECURITY WORKERS NOT EXEMPT
FROM FLSA

The Tennessee Valley Authority willfully violated the Fair
Labor Standards Act by denying overtime pay to 20 former
nuclear power security employees, the Sixth Circuit rules
("Ale v. TVA, "6th Cir., No. 99-6642, 10/17/01). Despite
having some supervisory duties, the workers could not be
fairly characterized as bona fide executive and
administrative employees exempt from the overtime
requirements of FLSA, the court decides.

The 20 former employees, who alleged TVA had eliminated
their right to overtime compensation, had worked in site
security offices at TVA's Watts Bar and Sequoyah nuclear
power plants. Regardless of TVA's position descriptions and
other paperwork, the employees' actual duties did not
support the exempt classification, the appeals court says.
"The words 'in charge' are not a magical incantation that
render an employee a bona fide executive regardless of his
actual duties," the appeals court adds. . . . Page A-3

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5h2t3_

DRIVER TAKING ANTI-SEIZURE MEDICINE NOT 'QUALIFIED' UNDER
ADA, COURT SAYS

A commercial truck driver who was terminated after his
employer discovered he was taking anti-seizure medication
and had a history of "seizures, fits, convulsions or
fainting" has no claim under the Americans with Disabilities
Act because he was not "qualified" for the job, the Tenth
Circuit decides ("Tate v. Farmland Industries Inc.", 10th
Cir., No. 99-6329, 10/10/01). The court says even if Charles
Tate could show he had a disability under the ADA, he could
not meet a Farmland Industries Inc. job requirement of
compliance with Department of Transportation certification
criteria. "We hesitate to second-guess a legitimate business
judgment on the part of DOT and its covered employers as to
the necessary qualifications of CMV operators," Judge
Baldock writes.

In dissent, Judge Briscoe argues Farmland admitted in
pretrial discovery that Tate was "qualified" as a truck
driver, and the company should not be allowed to argue the
contrary without withdrawing its earlier admission. Tate
should be able to pursue his claim because Farmland regarded
him as disabled and violated the ADA by firing him based on
that perception, Brisco adds. . . . Page A-4

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w4v9w7_

________________

ALSO IN THE NEWS
________________

EMPLOYMENT: As the labor market weakened nationally during
September, several states registered unemployment rates
above the national average of 4.9 percent, the Bureau of
Labor Statistics reports. Three states and the District of
Columbia showed jobless rates of 6 percent or higher. . . .
Page D-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5e8n6_

FMLA: A worker wrongfully fired and reinstated with back pay
by an arbitrator, then fired again two days later after
taking a day off to visit his sick father, did not qualify
for FMLA leave because he had not worked for at least 1,250
hours in the preceding 12 months, a magistrate judge rules.
. . . Page A-8,  Text E-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k7q8_

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5g5w4_

TELECOMMUTING: One in five U.S. employees participates in
some form of teleworking arrangement, and the vast majority
of these teleworkers are more satisfied with their jobs,
more productive, and more loyal to their employers than are
office workers, according the International Telework
Association and Council. . . . Page A-9

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k0j1_

____

TEXT
____

FMLA: U.S. District Court for the District of Maine's
decision in "Plumley v. Southern Container Inc". . . . Page
E-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5g5w4_

ARBITRATION: Seventh Circuit decision in" Penn v. Ryan's
Family Steak Houses Inc. ". . . Page E-10

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k1m5_

_________________

TABLE OF CONTENTS
_________________

LEADING THE NEWS

ARBITRATION
   Seventh Circuit finds unenforceable an agreement
   employees hired by Ryan's Family Steak House in Indiana
   were required to sign with arbitration service . . . Page
   AA-1,  Text E-10
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w3p3w5_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k1m5_

____

NEWS
____

DISABILITIES
   Commercial truck driver terminated after employer
   discovered his use of anti-seizure medication and his
   seizure history has no ADA claim because he was not
   "qualified" for job, Tenth Circuit decides . . . Page A-4
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w4v9w7_

DISCRIMINATION
   Federal judge in Washington state certifies class of
   30,000 female Boeing Co. employees who allege job
   discrimination . . . Page A-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5h9t2_

ECONOMIC OUTLOOK
   Demand across broad spectrum of goods and services fell
   for first time since 1990-1991 recession during third
   quarter of 2001, according to National Association for
   Business Economics . . . Page A-11
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5m7d8_

EMPLOYMENT
   House plans vote on broad economic stimulus bill (H.R.
   3090) that includes provisions allowing states to expand
   unemployment insurance benefits and provide health care
   coverage for unemployed individuals . . . Page A-10
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5m4a5_

ERISA
   Illinois Department of Labor is barred by ERISA from
   investigating wage claims filed by former Hamilton
   Sundstrand Corp. employees seeking severance pay under
   ERISA-governed plan, federal district court rules . . .
   Page A-8
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5e0u8_

FARM WORKERS
   Labor Department extends review period for proposed rule
   to modify fee structure for H-2A labor certification
   applications . . . Page A-14
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5f9q3_

FLSA
   Tennessee Valley Authority willfully violated Fair Labor
   Standards Act by denying overtime pay to 20 former
   nuclear power security employees, Sixth Circuit rules . .
   . Page A-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5h2t3_

FMLA
   Worker wrongfully fired and reinstated by arbitrator,
   then fired again two days later after taking time off to
   visit his sick father, did not work requisite number of
   hours to qualify for Family and Medical Leave Act
   coverage, federal district judge says . . . Page A-8,
   Text E-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k7q8_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5g5w4_

INTERNATIONAL LABOR
   European Parliament deputies approve legislation
   establishing European Union-wide employee rights to
   information and consultation . . . Page A-5
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5d7c0_

MANUFACTURING
   Negotiators for General Dynamics Land Systems and UAW
   reach tentative agreement for new four-year contract . .
   . Page A-13
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5c0r4_

   Workers at Maytag's Middle Amana, Iowa, plant reject new
   contract offer and continue strike against household
   appliance maker . . . Page A-7
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w4t0t7_

NATIONAL ORIGIN
   Federal judge in Maine preliminarily certifies settlement
   class of Hispanic farm workers at DeCoster egg processing
   company, paving way for distribution of $6 million
   settlement of discrimination and fraud claims . . . Page
   A-6
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w4w6w6_

PENSIONS
   Survey finds 80 percent of eligible employees have
   balances in tax code Section 401(k) plan . . . Page A-6
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w4k8r3_

REPRESENTATION ELECTIONS
   Freund Baking Co.'s maintenance of personnel handbook
   provision illegally barring employees from discussing
   wages, hours, and other terms and conditions of
   employment requires setting aside representation
   election, NLRB rules 2-1 . . . Page A-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5h2j7_

STEEL
   U.S. Trade Representative Zoellick signals that his
   support for import relief for U.S. steel industry hinges
   on whether industry takes steps to restructure . . . Page
   A-10
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k7h5_

TELECOMMUTING
   Survey says one in five U.S. employees participates in
   some form of teleworking arrangement . . . Page A-9
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k0j1_

TRADE
   World Trade Organization Director-General Moore says
   fourth ministerial conference scheduled for Doha, Qatar,
   will go ahead as planned barring major adverse
   developments in region . . . Page A-13
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5f5w5_

TRANSPORTATION
   Citing job losses in aviation industry, transportation
   union leaders urge Congress to move promptly on
   legislation to extend worker relief programs . . . Page
   A-12
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5n8m1_

WORKFORCE REDUCTIONS
   Copper producer Phelps Dodge Corp. will lay off 1,500
   U.S. employees . . . Page A-13
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5f9n7_

   CWA says it has been notified by AT&T Corp. of plans to
   lay off 2,400 union-represented workers . . . Page A-13
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5h3h7_

   New York-based insurance firm MetLife Inc. will cut just
   under 1,900 U.S. jobs in ongoing effort to reduce costs .
   . . Page A-13
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5b9y4_

_____________

ECONOMIC NEWS
_____________

EMPLOYMENT
   As labor market weakened nationally during September,
   several states registered unemployment rates above
   national average of 4.9 percent, according to Labor
   Department's Bureau of Labor Statistics . . . Page D-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5e8n6_

____

TEXT
____

ARBITRATION
   Seventh Circuit decision in "Penn v. Ryan's Family Steak
   Houses Inc." . . . Page E-10
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k1m5_

FMLA
   U.S. District Court for the District of Maine's decision
   in "Plumley v. Southern Container Inc." . . . Page E-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5g5w4_

______________

TABLE OF CASES
______________

Ale v. TVA (6th Cir.) . . . Page A-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5h2t3_

Beck v. Boeing Co. (W.D. Wash.) . . . Page A-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5h9t2_

Freund Baking Co. (N.L.R.B.) . . . Page A-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5h2j7_

Hamilton Sundstrand Corp. v. Healey (N.D. Ill.) . . . Page
A-8
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5e0u8_

Penn v. Ryan's Family  Steak Houses Inc. (7th Cir.) . . .
Page AA-1,  Text E-10
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w3p3w5_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k1m5_

Plumley v. Southern Container Inc. (D. Me.) . . . Page A-8,
Text E-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5k7q8_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w5g5w4_

Ramirez v. DeCoster d/b/a DeCoster Egg Farm (D. Me.) . . .
Page A-6
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w4w6w6_

Tate v. Farmland Indus. Inc. (10th Cir.) . . . Page A-4
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w4v9w7_

   __________
   Daily Labor Report (ISSN 1522-5968) Highlights are
   published daily by The Bureau of National Affairs, Inc.,
   1231 25th St., NW, Washington, DC 20037.

   For account information and changes, contact
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   Inc.  Washington, D.C.  20037.  Use of this service is
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   agreement with BNA.  Unauthorized access or distribution
   is prohibited.


FYI - Today will be my last full day in the office.  I plan to work at least
partial days from home until the baby arrives, monitoring e-mail and working
on a few ongoing projects, and will be reachable at the numbers listed
below.  Once I head for the hospital I'll change my voicemail to indicate
that I'm out of service for a while, and will reference the people who will
be responsible for the various activities in my group.

Home phone:  281-528-6606
Home fax:  281-288-0277
Pager:  888-740-9948
Cell:  713-417-9188

Unless something happens between now and then, I plan to be on Steve's staff
call on Friday morning at 9:30, and will hold a Info/Admin staff call on
Friday morning at 11:00.  (Clerical staff don't need to be on that call.)
(Gus - Please set up this conference call.)

Thanks!


To cut to the chase....would CB1 fault the turbine when the PMT breaker
tripped and if so then would the downtime or line out time availability hour
counter be incremented?    If the PMT breaker trip doesn't always cause a
given fault then is there any easy way (SCADA data or site crew experience)
for us to estimate what percentage of the trips did fault the turbine
offlline due to a downtime or line out fault?  Please answer these
questions;  we will then know what corrections, if any, we need to make to
availability.

Tim Mohammed
06/14/2002 07:52 AM
To: Joe Thorpe/EWC/Enron@Enron
cc: Kurt Anderson/EWC/Enron@ENRON, Kevin Cousineau/EWC/Enron@ENRON, Jeff
Maurer/EWC/Enron@ENRON, John Nemila/EWC/Enron@ENRON, Hollis
Kimbrough/EWC/Enron@ENRON, Mark Fisher/EWC/Enron@Enron, Mark V
Walker/EWC/Enron@ENRON, Tom Nemila/EWC/Enron@ENRON

Subject: Zilkha Availability

Joe,
Lets not forget that we had measure problems due to failing MS3 relay in the
SEG converter, which caused the crow bar to engage, which in turn forced CB1
to fault.

CB1 is designed to do both synchronization and was set to protect the turbine
and the converter in a fault condition. The original instantaneous settings
of 8000A was too high and allowed too much current through the system that
damaged the converter and caused IGBTs to blow before it tripped. The second
failure was due to a QA issue with failing CB1 to trip when it was commanded
to by the converter. In both events we had catastrophic failures and lost 2
converters due to CB1 failing to protect the system. To remedy this problem,
we installed the PMT for CB1 redundancy and decreased the instantaneous
setting from 8000A to 3000A and since then we didn't have any IGBT blow ups
or any catastrophic failures

Even though that I am still not clear about Gary's question at the end, I
hope that the above provide some help.

Thank you,

Tim M

Joe Thorpe
06/13/2002 04:48 PM
To: Kurt Anderson/EWC/Enron@ENRON, Kevin Cousineau/EWC/Enron@ENRON, Tim
Mohammed/EWC/Enron@Enron
cc: Jeff Maurer/EWC/Enron@ENRON, John Nemila/EWC/Enron@ENRON, Hollis
Kimbrough/EWC/Enron@ENRON, Mark Fisher/EWC/Enron@Enron, Mark V
Walker/EWC/Enron@ENRON

Subject: Zilkha Availability

Kurt,
 Per our phone conversation, Mark Fisher and myself have been discussing
availability with Gary from Zilkha. A question arose regarding the many
operations of our breaker in the pad mounted transformer that took place
December through March. Gary's thought is that when we recalculate the
availability, we need to count these times as down time and not Line Out
Hours as they have currently been counted. I suggested that according to
Exhibit GG in the TSIA, LOH is defined in short as any time the grid does not
meet "(i) the specifications required by the WTG as set forth in the
Technical Specifications", and Gary agrees with this. The problem is that an
engineering change on the breaker settings was implemented some time in March
to reduce the number of breaker operations on site. We are still seeing many
grid faults in the turbine but not in the PMT breaker. The question that Gary
brought up is were the original settings of the breaker set to the WTG
Technical Specifications and operating due to the on going grid conditions OR
were the settings improper to start with causing the breaker to operate while
the grid was within Technical Specifications.


Dan,

Please note the following document that we are still negotiating with
Southern Co.  When you get a chance, lets discuss.

Thanks.
---------------------- Forwarded by Phil DeMoes/Corp/Enron on 05/02/2001
01:09 PM ---------------------------

"Kilpatrick, Alan M." <AMKilpat@southernco.com> on 05/02/2001 11:29:34 AM
To: "Phil DeMoes (E-mail)" <phil.demoes@enron.com>
cc:

Subject: FW: ENRON CONFIRMATION LETTER - Pool Gas

Please see changes below.  This looks like a lot of changes but we were
trying to address your issues of making this a firm deal.

Alan Kilpatrick --- * - 205/257-6143 --- * - 250/257-7795 ---  * -
amkilpat@southernco.com <mailto:amkilpat@southernco.com>

-----Original Message-----
From: Bailey, Donna [SMTP:dbailey@balch.com]
<mailto:[SMTP:dbailey@balch.com]>
Sent: Wednesday, May 02, 2001 10:48 AM
To: Alan M. Kilpatrick
Subject: ENRON CONFIRMATION LETTER

 <<F6NKRED.rtf>>  <<#498420.doc>>

Alan, per our discussion.  Clean and redlined versions of the above
confirmation letter, the latter showing all changes since our original
draft.

Donna J. Bailey
Balch & Bingham llp
1710 Sixth Avenue North
Birmingham, Alabama 35203-2015
(205) 226-3451 -- direct dial
(205) 226-8798 -- facsimile
dbailey@balch.com <mailto:dbailey@balch.com>
website address: www.balch.com <http://www.balch.com>
This transmission is intended for the sole use of the addressee, and may
contain information that by its privileged and confidential nature is exempt
from disclosure under applicable law. You are hereby notified that any
dissemination, distribution or duplication of this transmission by someone
other than the intended recipient or its designated agent is strictly
prohibited. If you have received this transmission in error, please notify
the sender immediately by replying to this transmission, or by collect call
to the above phone number.

 - F6NKRED.rtf
 - #498420.doc


I just checked the SAP reports on Harrier I LLC, Grizzly I LLC, Pronghorn I LLC, Roadrunner I LLC that the total losses of $710,594,336 have not been booked in SAP for September.

 -----Original Message-----
From: 	Swafford, John
Sent:	Tuesday, October 09, 2001 6:23 PM
To:	Caminos, Facundo
Cc:	Fischer, Mary; Locklear, Essie
Subject:	FW: Raptor unwind tax accounting

Facundo:   Essie and I will confirm with Donette tomorrow, but for the time being, plan on reversing the $710 million book loss on the entities listed below (if you determine that they were in fact booked) and include Schedule M adjustments to deduct as interest expense the purchase price paid by Harrier $6 mill., Roadrunner and Grizzly $15 mill. each, and Pronghorn $1,000 for the lower tier entities purchased from LJM.

We will confirm and let you know before noon tomorrow.   Thanks, John.

 -----Original Message-----
From: 	Locklear, Essie
Sent:	Tuesday, October 09, 2001 5:01 PM
To:	Swafford, John; Caminos, Facundo; Merritt, Michelle
Cc:	Fischer, Mary; Dewar, Donette; Wilson, Danny; Wilcott, Robert
Subject:	RE: Raptor unwind tax accounting

I just talked to Ron Baker, who advised me that the total losses to be booked are $710,594,336 and they will be booked as follows:

Raptor I		Harrier I LLC		$406,326,409
Raptor II	Grizzly I LLC		$15,531,889
Raptor III	Pronghorn I LLC		$309,508,781
Raptor IV	Roadrunner I LLC	($20,772,742)

Please check SAP to see if the numbers have been booked before the close as Ron wasn't sure if they had been booked or not.

Essie

 -----Original Message-----
From: 	Swafford, John
Sent:	Monday, October 08, 2001 5:59 PM
To:	Caminos, Facundo
Cc:	Fischer, Mary; Dewar, Donette; Locklear, Essie
Subject:	FW: Raptor unwind tax accounting

Facundo:   See the note below.   Please note that you will need to reverse the book loss recorded on the upper tier entities (Harrier, Roadrunner, Pronghorn and Grizzley) for the purchase of the lower tier entities in the amount of about $600 million.   In place of the reversal of the book loss, you should record a tax Schedule M to deduct the same (about $600 million) of interest expense.   I am working with Essie to determine which entities will report how much of the $600 million purchase price.   Thanks, John.

 -----Original Message-----
From: 	Locklear, Essie
Sent:	Monday, October 08, 2001 2:27 PM
To:	Fischer, Mary; Ng, Mark
Cc:	Swafford, John; Wilson, Danny
Subject:	FW: Raptor unwind tax accounting

FYI

 -----Original Message-----
From: 	Dewar, Donette
Sent:	Friday, September 28, 2001 2:54 PM
To:	Locklear, Essie
Cc:	Vasconcellos, Brent
Subject:	Raptor unwind tax accounting

Essie:

The purpose of this message is to communicate to you, for co-ordination with the appropriate "MARC" personnel, the relevant facts of the transactions that closed on Friday, September 28, to unwind the Raptor structures.  As I likely will not return to the office until just at the time of September close, I thought it might make sense for you, with Brent's assistance, to make sure that the appropriate reporting personnel are notified of the tax adjustments that should be made to book these transactions.

Each of the "top tier" Raptor entities (Harrier, Roadrunner, Pronghorn, and Grizzly) "purchased" from LJM the membership interest that LJM owned in the "bottom tier" Raptor entities (Talon, Bobcat, Porcupine, and Timberwlf, respectively).  Harrier paid $6 mil, Roadrunner and Grizzly each paid $15 mil, and Pronghorn paid $1,000.  As a result of these transactions, the purchased entities became book consolidated with Enron. Also as a result of these transactions, a total book loss of around $600 mil was recorded (divided among the books of each one of the four structures).

For tax purposes, the purchasing and purchased entities are all disregarded entities of Enron Corp. (or EES, in the case of Pronghorn and Porcupine).  The repurchases are to be treated as merely a final payment made by Enron Corp. (or EES, as the case may be) on a contingent debt instrument.  Accordingly, the entire book loss should be reversed for tax, and instead an interest deduction recorded on the tax books of each purchasing entity for the amount that was paid to purchase the bottom tier entity.  For examply, Harrier will record an interest expense deduction for $6 mil.

We have not been told yet exactly how the book loss will be spread among the four structures, and whether it will be booked on the top tier or bottom tier entities' books.  Ron Baker likely will have an answer on this issue by the time you see this message.

Please leave me a voice mail if you need assistance before I return to the office on October 10.  Thanks!

DMD


I agree with Remi.
Only comment I would add, and I made it to Mauro Arce in Brasilia, is that those transactions should be ex-post, decreasing the risk o default in MAE.

Jo?o Carlos

Remi Collonges
05/25/2001 10:19 AM
To:	Orlando Gonzalez/SA/Enron@Enron
cc:	Joe Kishkill/SA/Enron@Enron, sergio.assad@enron.com, britaldo.soares@enron.com, Brett R Wiggs/SA/Enron@Enron, Joao.Carlos.Albuquerque@enron.com, John Novak/SA/Enron@Enron, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Miguel Padron/NA/Enron@Enron, John J Lavorato/Enron@EnronXGate, Fred Sampaio/SA/Enron@Enron, Luis Henriques/SA/Enron@Enron, Luiz Maurer/SA/Enron@Enron, David M Rosenberg/SA/Enron@Enron

Subject:	Re: mae measures

That's one of the topics I wanted to address PRIORITARILY this afternoon.  According to Luis Otavio and Fred, customers A (alta tens?o, and demand greater than 2.5MW) will ONLY be allowed to sell "excess power" not consumed (capped at their "cota" or "meta" or quota) to OTHERS CONSUMERS, but not to MARKETERS.  The reason for this is that ANEEL/Parente don't want to "flood" MAE with positions to settle (the argument is, if MAE cannot manage 67 counterparties, they won't be able to manage several hundreds).  But it's crazy: all unbalanced (net) positions will be settled in spot market: if marketers are not allowed to act as intermediaries, there will be hundreds of net, bilateral positions to settle (and it WILL flood MAE), if marketers like Enron can be in the middle they will net themselves all positions on portfolio basis and they will show only ONE position in MAE.

This mechanism is no different from the often discussed concept of DEMAND SIDE MANAGEMENT.  The only way to make it work is to allow LIQUIDITY and therefore competition and therefore Marketers.

It is vital that Marketers be authorized to acquire and sell this power, and settle their net position (net position only) in spot market.  EOL will be a great tool for this, and we may accelerate its launch in Brazil with this new, different product ("Restricted Power")

Orlando Gonzalez
05/25/2001 08:52 AM
To:	Joe Kishkill/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron, sergio.assad@enron.com, britaldo.soares@enron.com, Brett R Wiggs/SA/Enron@Enron, Joao.Carlos.Albuquerque@enron.com, John Novak/SA/Enron@Enron, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Miguel Padron/NA/Enron@Enron
cc:	John J Lavorato/Enron@EnronXGate
Subject:	mae measures

One of the proposals under review with the Apag?o team is to allow the B and A costumers to access the Mae and transact their "contracted energy" after their respective 20-25% reduction targets.  The MAE and the distributors do not have the systems in place to deal  with over 1,800,000 customers in the entire system. Elektro alone has close to 150000 customers in this class.    This can be a tremendous oportunity for Enron on Line to take off.  Remi could you review and prepare an action plan urgently.  These measures are targeted to be released next week.

<Embedded StdOleLink>


Ezequiel,

I have forwarded your resume to our Analyst/Associate program with a request
to accept you as summer intern. If the summer program is full, my group
will hire you directly for the summer.

Vince

Ezequiel Luis <squiel@infosel.com> on 11/13/2000 04:23:23 PM
To: vkamins@enron.com
cc:
Subject: Summer internship

Dear Mr. Kaminski

I am currently pursuing the M.S. in IEOR at UC Berkeley. I attended the
speech you gave some weeks ago.

I am interested in summer internship positions available in Enron. You will
find enclosed my resume.

Sincerely,

Ezequiel Luis

Este mensaje fue enviado desde http://CommCenter.infosel.com

__________________________________________________
Internet Gratis
http://www.terra.com.mx/terralibre

 - Resume ELM.doc


Attached is a draft document prepared by a joint drafting committee on interconnection products and studies.  EPSA anticipates that comments will need to be posted on FERC's intranets site by Friday, November 23rd.  The document will be discussed on the generator caucus conference call on Monday, October 19th at 11:00 a.m. (EST).  To access the call, dial 1-800-937-6563 and ask for the Julie Simon/EPSA call.  Please be sure to clearly reference the chairperson (Julie Simon) when speaking with the operator.


Zimin,

Sorry if you get this impression. The real reason is that I treat
the lunch meetings as an opportunity to get updates on things
that are going on at more remote locations. I interact with each of the
members of your group daily and I know what's going on.

I agree with you, however, that the lunch meetings are not exclusively
for my benefit,  but also for the benefit of  the other members of
the group. I shall make sure that you have the opportunity
to communicate  your contribution to the company.

Vince

Zimin Lu
06/20/2000 02:47 PM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
cc:
Subject: Improve Communication

Vince and Stinson,

The valuation group has accomplished a lot during last six months.  The
number of
projects we are working on is keeping increasing.   However, when comes to the
staff meeting (Thursday lunch meeting), we are often left out for updating
our projects.
This makes me feel that what we are doing is no longer interesting or worth
mentioning.

I am hoping that we can get  more exposure, despite we are still in the old
economy.

Zimin


Re: Commodity Futures Trading Commission: Final Rulemaking for a New
Regulatory Framework for Multilaeral Transaction Execution Facilities,
Intermediaries and Clearing Organizations

                     Attached is a memorandum from Sullivan & Cromwell
concerning the above subject. A summary is also included at the end of
the text of this e-mail message.

                    The attached file is in Adobe Acrobat
format.  We believe most PCs will already have an Acrobat viewer
loaded; we can provide free copies if Acrobat is not already loaded,
and free copies can also be downloaded from the Adobe Acrobat web
site at www.adobe.com.  To view or print the memo use your e-mail
system's function for opening attachments in their native format.
Hard copies can be obtained from Ivy Moreno at S&C in New York,
telephone 212-558-3448, e-mail: Morenoi@sullcrom.com.

SUMMARY

                      On November 22, 2000, the Commodity Futures Trading
Commission ("CTFC")approved four releases setting out final rules for
regulatory reform (the "Final Rules").  The Final Rules largely follow
the proposed rules issued by the Commission on June 8, 2000.*
The Final Rules are to be effective 60 days after their publication in
the Federal Register.

----------------------------------

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

 - CMS10713.pdf


To simplify, for the trading floor, the biggest California issues EPMI  is
currently pursuing at FERC are:

Beneficial resolution to Price Caps
Access to all market information - "more, better, faster"
Path 15 - control by the ISO not PG&E

However, Tim has numerous other concerns and I'm sure Dennis, Chris and Dave
do as well.  Accordingly, Tim would like to meet to discuss how we should
address these concerns and to develop a better understanding of  some of the
items listed below and the relative priority of these items.  I'd like to
propose that this meeting happen in Portland.  Shall I set this up?  Please
forward this to others you think should be involved.

James D Steffes@EES
08/16/2000 12:31 PM
To: Mary Hain/HOU/ECT@ECT, Jeff Dasovich/SFO/EES@EES, Susan J
Mara/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES,
Paul Kaufman/PDX/ECT@ECT, Bruno Gaillard/SFO/EES@EES, Richard
Shapiro/HOU/EES@EES, Harry Kingerski/HOU/EES@EES, Steven J Kean/HOU/EES@EES,
Joe Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON
cc:
Subject: California Activities - UPDATE

Because so much is going on in California, I thought it would be important to
draft up a list of current activities that Enron is active in or monitoring
to make sure that everyone knows what is happening.  The following list of
issues may not include everything.  If I've left something off that needs
attention or someone is working on, please add it to the list.

Thanks.

Jim

ISSUES

SDG&E Complaint at FERC
IEP Press Relations Strategy
Enron Press Relations Strategy
Deregulation vs. Competition Study - LEGC Economics
Pastoria Plant:  Williamson Legislative Fix
AB2290 (and other) Legislative Actions
CPUC OII Market Study
FERC Market Study focusing on California markets - Frontier Economics
CPUC SDG&E Rate Cap Docket
SDG&E Bill Analysis  - Tabors, Caramanis & Associate
Direct Service Industry Bill Analysis (TCA)
Potential AG Market Investigation - (Frontier Economics,  CA Legal Research,
V&E criminal legal)
CA ISO Price Cap Board Vote(s)

STRATEGY & GOALS

1. No Wholesale Price Caps Next Summer (2001)
 - fix retail rate shock now
 - fix CA ISO issues before next summer
 - fix Power Plant siting issues
 - fix other problems (Gas Settlement)???

2. Offer REAL Solutions to FERC Market Investigation (CA ISO market problems)

3. Minimize potential AG Market Investigation

4. Keep Retail Rate Caps focused on Residential & Small Commercial (if at
all) and for no longer than 3/1/02


where is the rest of the file?

 -----Original Message-----
From: 	Rohauer, Tanya
Sent:	Sunday, October 28, 2001 2:55 PM
To:	Shankman, Jeffrey A.
Subject:	Crude Positions

Please call if you have questions (Hotline 3-1803)

Thanks,
Tanya

 << File: Crude Fwd Pos.xls >>


Attached is the amendment to the Kennedy Agreement reflected the repricing.  Please review and let's talk in the morning.


"Carrin Patman" <cpatman@bracepatt.com> on 04/04/2000 05:39:03 PM
To: <richard.b.sanders@enron.com>, <knunnally@velaw.com>
cc:
Subject: Scheduling

Neal and I are meeting with Nugent in Austin at 9 am on Monday, 4/17.

I can not make this but thanks for the info. I will try to make the meeting
next Wed. I can not make it this friday.


HIGHLIGHTS

FULL YEAR PERFORMANCE SUMMARY

Wholesale Services: Income before interest, minority interests and taxes
(IBIT) of the wholesale group increased 72 percent in 2000 to $2.3 billion.

Commodity Sales and Services: The 160 percent increase to $1.6 billion in
Commodity Sales and Services IBIT for 2000 reflects Enron,s broad-based
success in building energy franchises across North America and Europe. For
the full year, Enron,s North American natural gas business led the group,s
increase both in volume levels and profitability.

In 2000, Enron completed its first full year of deploying EnronOnline, which
quickly became the world,s largest web-based e-commerce site. During the
year, Enron executed 548,000 transactions online with 3,000 customers,
totaling $336 billion of gross value. In addition to expanding the market
reach of 1,200 wholesale commodity products, EnronOnline,s internal features
have enabled very significant expansion in scale, efficiency, information and
liquidity. These sustainable competitive advantages contributed to both the
expansion of Enron,s existing wholesale businesses as well as the growth of
new businesses.

Physical volumes in 2000 increased for gas and power in every major region
where Enron operates, including:
Total Wholesale:
 * a 59 percent total increase in wholesale volumes to 51.7 TBtue/d;
 * an 82 percent increase in natural gas volumes to 28.3 TBtue/d; and
 * a 62 percent increase in power volumes to 633 million megawatt hours.
North America:
 * a 77 percent increase in natural gas volumes to 24.7 TBtue/d; and
 * a 52 percent increase in power volumes to 579 million megawatt hours.
Europe and Other:
 * a 131 percent increase in natural gas volumes to 3.6 TBtue/d; and
 * a 372 percent increase in power volumes to 55 million megawatt hours.

Assets and Investments: The Wholesale Assets and Investments business
reported $889 million IBIT compared to $850 million last year. The earnings
reflect contributions from Enron,s asset operations comparable to 1999
levels. Relative to last year, Enron experienced an increase in the total
value of its merchant investments and lower gains from sales of energy assets.

Enron also announced increased earnings target for 2001 to $1.70 - $1.75 per
share.

IN THE NEWS

"At the same time, Enron Corp. nearly doubled its market value to more than
$60 billion, roughly equal to Walt Disney Co. and double the market
capitalization of Compaq Computer Corp.  Enron is the largest Houston
company, ranked  by annual revenue.  Compaq is second." -- Houston Business
Journal (January 12-18)

NUGGETS & NOTES

Quotes from the Office of the Chairman

"It's WA-T-ER not "wadder"!" - Nicki Daw, Executive Assistant to Mark
Frevert-EWS

"Help me, help YOU!"  -Liz Taylor, Executive Assistant to Greg Whalley-EWS

"You're the Boss, Applesauce!" - Kay Chapman, Executive Assistant to Dave
Delainey-EA

"John's always in a good mood!" - Kim Hillis, Sr. Admin. Assistant to John
Lavorato-EA

"Yes, I have moved and my new location is..." - Cathy Phillips, Executive
Assistant to Mike McConnell-EGM

"You Got It!!!!" - Jennifer Burns, Sr. Admin. Assistant to Jeff Shankman-EGM

"When's the sunny weather back? I left England for this!!!" - Sue Ford,
Executive Assistant to Jeff McMahon-EIM

"........well you know we are tight on space!" - Marsha Schiller, Executive
Assistant to Ray Bowen-EIM

Congratulations! to Jody Pierce, manager in Business Analysis & Reporting and
wife Tara.  They are the proud parents of Joseph Michael Pierce II.  He was
born December 31and weighed 7lbs. 4oz.

Congratulations!  to Scott Earnest, director for EGM Global Products, and
wife Lanette Earnest, ENA Tax.  They are the proud parents of Nicole
Mackenzie Earnest.  She was born January 17 and weighed 6 lbs. 8 oz.

WELCOME

EGM New Hires
Bob Beyer - Manager - Weather Risk Management Marketing (Chicago)
Partho Ghosh - Manager - Weather Risk Management Marketing
Gray Calvert - Associate - Weather Risk Management Structuring
Sandeep Ramachandran - Manager - Weather Risk Management Trading
Huy Dinh - Staff - Weather Risk Management Data Acquisition/Trader Support

LEGAL STUFF

The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed.


Well, with the photographer and the band, I would say we've pretty much
outdone our budget! Here's the information on the photographer. I have a
feeling for some of the major packages we could negotiate at least a couple
of hours at the rehearsal dinner. I have no idea how much this normally
costs, but he isn't cheap!
---------------------- Forwarded by Elizabeth Lay/HOU/AZURIX on 09/13/99
07:34 PM ---------------------------

acollins@reggienet.com on 09/13/99 05:37:37 PM
Please respond to acollins@reggienet.com

To:	Elizabeth Lay/HOU/AZURIX@AZURIX
cc:

Subject:	Denis Reggie Wedding Photography

Hello Elizabeth:
Congratulations on your upcoming marriage!  I am Ashley Collins, Mr.
Reggie's Coordinator.  Linda Kessler forwarded your e.mail address to me so
that I may provide you with information on photography coverage for Mr.
Reggie's wedding photography.  I've included this information as an
attachment. As you'll see, we offer six levels of coverage. Depending upon
what your needs are, they can be negotiated to cover every event during your
wedding weekend.  Linda has told us a few details about your wedding plans,
but Mr. Reggie is looking forward to speaking personally with you soon.
Once you've reviewed the attached information, please reply back or feel
free to call us so we may set up a phone appointment for you to speak with
Mr. Reggie.  Of course, if you have any questions in the meantime, it is our
pleasure to help.

Thank you for your interest and consideration. We look forward to being of
service to you on your special day.
Warm regards,

Ashley Collins
Denis Reggie Photography

 - FEESKED 98.doc


Please Kill Deal QU0208.1 with Idacorp done at 9:02:40 am


This memo will confirm the above referenced meeting will be held in Room
EB2868 tomorrow morning, 12/14/2000 at 9:00 a.m. Houston Time and 3:00 p.m.
London Time.  Next Thursday, December 21, it will be held in Room 50M03.

Claire/Lauren

For everyone calling in from the London office, please advise them to dial
the following number:  713-345-3324.  Also, since I was unable to find James
Nu on the email address, will you make sure he is aware of the room change?

Thank you in advance.

Dorothy


Please see below, Global Contracts has approved copying the profile for the
new product type.
THX:
Kelly@5-8491
---------------------- Forwarded by Kelly Lombardi/NA/Enron on 03/20/2001
04:55 PM ---------------------------

Anthony Campos@ECT
03/20/2001 04:32 PM
To: Kelly Lombardi/NA/Enron@ENRON
cc: Georgi Landau/NA/Enron@ENRON, Karen Lambert/HOU/ECT@ECT

Subject: Re: New Product Type: US Crude Fin Opt Call and Put

Approved.

Thank You,
Anthony

	From:  Kelly Lombardi @ ENRON                           03/20/2001 04:21 PM

To: Anthony Campos/HOU/ECT@ECT, Georgi Landau/NA/Enron@ENRON
cc: Karen Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron
Subject: New Product Type: US Crude Fin Opt Call and Put

Please approve the new product codes below.  Reply by e-mail - deadline is 9
a.m. on Wednesday, March 21st.
THX:
Kelly
---------------------- Forwarded by Kelly Lombardi/NA/Enron on 03/20/2001
04:25 PM ---------------------------
From: Lisa Lees@ECT on 03/20/2001 04:15 PM
To: Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly
Lombardi/NA/Enron@Enron, Tom Moran/HOU/ECT
cc:

Subject: New Product Type: US Crude Fin Opt Call and Put

The product type long descriptions below will fall under the new product
types US Crude Fin Option Call and US Crude Fin Option Put .  Credit (Tom
Moran) has approved copying the profiles for the new product types from the
following:

 US Crude WTI Fin Swap

Please respond by 10 a.m. on Wednesday, March 21.

Thank you.  Lisa
---------------------- Forwarded by Lisa Lees/HOU/ECT on 03/20/2001 03:05 PM
---------------------------

From:  Melba Lozano
  03/15/2001 02:04 PM

To: Mark Taylor/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Tom Moran/HOU/ECT,
Bjorn Hagelmann/HOU/ECT, Shifali Sharma/NA/Enron, Stephen H Douglas/HOU/ECT,
Susan Musch/ENRON_DEVELOPMENT
cc: Robert B Cass/HOU/ECT@ECT, Kevin Meredith/Corp/Enron@ENRON, Chris
Walker/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron,
Carlos Alatorre/NA/Enron@Enron, Pavel Zadorozhny/HOU/ECT@ECT, Tara
Sweitzer/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT
Subject: Approval needed for US Crude Fin Opt Call and Put

Your review and approval of the following product type in the EOL Datamanager
is needed (for directions on approval , please see steps for approval at the
bottom of this e-mail). If you have any questions please call me at ext.
58986.

Trader: Pavel Zadorozhny

EXAMPLES:
US Crude Fin Opt NYMEX-WTI EC___  May01  USD/bl/m

A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction.  The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure.  The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Index minus the Strike Price.The Option style and type shall be a European
Call ("EC").  Automatic Exercise is Applicable.  The Strike Price for the
Transaction shall be as set forth on the Website.

The term of the Transaction shall be from the Effective Date of 01 May 2001
to the Termination Date of 31 May 2001.

The Exercise Period(s) shall be the expiration day of the NYMEX Light, Sweet,
Crude Oil Options Contract for the applicable Determination Period. The Index
for each Exercise Period shall be the settlement price of the NYMEX Light,
Sweet, Crude Oil Futures Contract for the applicable Determination Period on
the expiration day of the NYMEX Light, Sweet, Crude Oil Options Contract for
the applicable Determination Period.

The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be Barrels per
month.

Put
A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction.  The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure.  The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Strike Price minus the Index.  The Option style and type shall be a European
Put ("EP").  Automatic Exercise is Applicable.  The Strike Price for the
Transaction shall be as set forth on the Website.

The term of the Transaction shall be from the Effective Date of 01 May 2001
to the Termination Date of 31 May 2001.

The Exercise Period(s) shall be the expiration day of the NYMEX Light, Sweet,
Crude Oil Options Contract for the applicable Determination Period. The Index
for each Exercise Period shall be the settlement price of the NYMEX Light,
Sweet, Crude Oil Futures Contract for the applicable Determination Period on
the expiration day of the NYMEX Light, Sweet, Crude Oil Options Contract for
the applicable Determination Period.

The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be Barrels per
month.
==============================================================================
=====

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
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Platts Energy Bulletin

Welcome to Platts Energy Bulletin, a showcase of the top headlines posted on
platts.com (http://www.platts.com) over the past 24 hours. To view this file in
html, open the attachment at the bottom of this email.

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Jan 23, 2002

What's New on platts.com?
Platts Enron Report: Read about the implications of Enron's bankruptcy on the
financial and energy communities.
(http://www.platts.com/features/enron/index.shtml)

S&P: US Utilities' Credit Quality Displayed Steep Decline in 2001: The US power
industry began 2001 under the dark cloud of the near-total credit collapse of
California's two largest electric utilities, and ended with the bankruptcy of
Enron Corp, the largest such filing in US history.
(http://www.platts.com/risk_management/sandp/analysis.shtml)

Futures Round-up
NYMEX: Crude to open higher on short covering
NYMEX March crude oil is called to open 26 cts higher at $19.24/bbl Wednesday.
March Brent is called to open 26 cts
higher at $19.00/bbl. February heating oil is called to open 59 pts higher at
52.00 cts/gal, and February unleaded gasoline is called to open 71 pts higher at
55.50 cts/gal.

IPE Brent Focus: IPE Brent crude firms ahead of API stats release
Front-month March stood at $19.08/bbl at 1039 GMT, up 33 cts from Tuesday's
settlement having begun trading at $18.86/bbl, the low of the day so far. April
showed similar gains.

News Round-up
Click on the headlines below or paste the URLs provided in your internet browser
to see the full story.

ADVERTISEMENT:
Platts Global Energy Jobs Board and Resume Bank: Created in partnership with the
Energy Jobs Network, the Jobs Board gives you access to a pool of job seekers
and open positions across the energy industry. It's free for all job seekers,
and there is a range of packages for employers posting jobs.
(http://www.energyjobsnetwork.com/home.asp?code=platts)

OIL:
UK's BG makes revised offer for Enron India E+P assets
UK's BG Group Wednesday announced a revised agreement to buy Enron Oil & Gas
India Limited for $350-mil, 10% less than the $388-mil price tag attached to its
first bid for the company in October last year.
(http://www.platts.com/archives.shtml#58026)

NATURAL GAS:
US senator favors federal role in developing Alaska pipe
Unveiling his Democratic alternative to the Bush energy plan, US Senator John
Kerry (Democrat-Massachusetts) Tuesday said the federal government must play a
role to help develop a pipe to bring gas from Alaska to the lower-48 states.
(http://www.platts.com/archives.shtml#58008)

PETROCHEMICALS:
Texas MTBE plant owner EOTT sees share price plunge
Shares of EOTT Energy Partners LP plunged Tuesday after the company, whose
general partner is an Enron subsidiary that owns more than a third of the
company's stock, Monday issued disappointing Q4 2001 results.
(http://www.platts.com/archives.shtml#58013)

ADVERTISEMENT:
Platts Buyers' Guide: One online place for the electric power industry to
search, compare and find the products and services you need. Click to add your
listing. (http://www.mediabrains.com/client/platts/bg1/search.asp)

ELECTRIC POWER:
French ministers favor faster power market opening
Senior French government ministers favor a faster opening of the French power
market, Industry Secretary Christian Pierret said Jan 22.
(http://www.platts.com/archives.shtml#58030)

NUCLEAR:
ITC sides with USEC in LEU trade case
The US ITC handed USEC a victory Jan 22, affirming duties on low-enriched
uranium (LEU) exported to the US by USEC Inc's rival enrichers, Eurodif-Cogema
of France and the British-Dutch-German consortium Urenco.
(http://www.platts.com/archives.shtml#58007)

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Please make your selection of reviewers in the PRC system by noon, Friday.  I
will need to go in and approve your list before any forms are sent out.  If
you have any questions or want to discuss your list with me, please feel free
to stop by my office.  If you have already made your selections, please
disregard this message.  Thanks.


Thanks for your e:mail message and your voice mail at home.  I appreciate
your nice thoughts.

I am in London all week - is there anything that you or Jo need that I could
bring back for you?  Just let me know.  I will be back in the office next
Monday, the 22nd.  --Sally

	Barry Pearce @ ENRON COMMUNICATIONS
	01/13/2001 11:38 AM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Managing Director and Vice President Elections

Congrats Sal - very very well deserved.

You are a top class colleague.

Barry.


what is your address??


Jeff,
It looks like we've shaken PG&E loose on this project.  They have scheduled
the installations we need for next week, just a few days behind our target
dates.  I will contact you if there are furter concerns on this project.
I do not feel we have adequate documentation to pursue them (if they don't
come through next week).  This is clearly something I need to pay closer
attention to in the future.

Thanks for your assistance and your quick response to my request for support.

Have a great Holiday.

Geoff
Geoff Pollard, PE
Account Manager
UC/CSU Program
Enron Energy Services
925-543-3763


Attached is a draft of a swaption based upon the term sheet reviewed the
other day.  Elizabeth has not reviewed yet and I still have some lingering
questions.  ss


Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 07/09/2001 01:40 PM -----

	"US Publishing" <brice@restructuringtoday.com>
	07/09/2001 04:31 PM
	Please respond to brice

		 To: "RT Reader" <brice@restructuringtoday.com>
		 cc:
		 Subject: Restructuring Today, Monday July 9, 2001

(see attached file:  rt010709.pdf)

Thank you,

Season Hawksley
US Publishing
800-486-8201
202-298-8201
 - rt010709.pdf


Stephanie:

This is like a very complicated game of musical chairs.  Right now there are
people in the offices that have been designated for Michelle and Gail.  We
can't move you guys in until we move them out.  We can't move them out yet
because we don't have any more places to move people!  There is a design that
has been drawn up to create some additional space (essentially by shrinking a
lot of other spaces) which I hope will be built out by mid March.  That's the
best I can do right now.  Sorry for the confusion.

Mark

	Stephanie Truss/ENRON@enronXgate
	02/26/2001 03:19 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Moving Date to 38

Janette Elbertson advised that you are the planning person for the space over
on 38.; Gail Brownfeld, Michelle Blaine and myself will be moving over to 38
and some point in the near future.; Would you be able to tell me if a
definite date (or ballpark date) has been scheduled?; Thank you for your
help.;


Assemblyman Rod Wright held a meeting today to discuss the following
legislative activities:

Governor Davis has become energized this week and is actively
negotiating with the IOUs.

QF legislation will be heard next week.  The legislation should codify
the payment formula which was developed over the past several weeks
during negotiations between the IOUs and QFs.  The legislation will not
address how the QFs will actually be paid, and it will specify that no
payment will come from the DWR.

Assemblyman Wright hopes to move a stripped down version of ABX 18 next
week to address the IOU under collection.  A sticking point is
determining what type of security the state will take, hydroelectric,
transmission or warrants.  He also intends to hear various interruptable
service measures.

Senator Debra Bowen is scheduled to hear SBX 5, the $1.2 billion dollar
energy efficiency measure, and SBX 33, the California Transmission
Corporation measure.  This is subject to change.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Mike/terry/John

Date:		1/23/2001
Time:		9:00 AM - 9:30 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Greetings, Mr. Rogers

We are now in possession of your TEXASMBA admission application.  Though it
has not yet completed the formal review process, you are correct in your
assessment that your GMAT score may prove to be a tremendous negative in
your overall competitive profile.

Before I conclude our final review, I would ask that you further clarify to
me the nature of the learning disability you mention in your fourth essay.
I am especially interested in how this disability directly affects your
performance in a timed, test situation, as well as the traditional classroom
setting.

Also, you mention in your essay that you have "... overcome this disability
..."   I would ask that you cite for me the specific steps you have taken to
accomplish this feat, and by what measures you may make this claim.

Finally, I would ask that you summarize for me the reasons why you feel your
level of academic performance at Catholic University of America will not be
replicated in the graduate business classroom here at The TEXAS Graduate
School of Business.

As you consider your responses to these questions, I am placing your
application on "hold".  No final decision will be made until you are
satisfied that you have provide whatever additional information you feel
appropriate and merited.

I look forward to hearing from you, and thank you for your interest in The
TEXAS Graduate School of Business.

**********************************
Dr. Carl H. Harris
Director for Admission, MBA Programs
The TEXAS Graduate School of Business
The University of Texas at Austin
==============================================

-----Original Message-----
From: Benjamin Rogers [mailto:brogers2@ect.enron.com]
Sent: Wednesday, March 08, 2000 8:42 AM
To: harrisc@mail.utexas.edu
Subject: Application!

Dr. Harris:

    After receiving an e-mail from Meg Brooks, she has informed me that she
as sent my e-mail on to you.  I wanted to make sure that I have properly
provided enough information to the Admissions office regarding my low GMAT
score.  Three weeks ago I visited the school to participate in a information
session, Admissions Visit and to visit with Professors' Sheridan Titman,
Ehud Ronn, Keith Brown and David Jemison.  The discussions I had with
Professors Titman and Ronn were to discuss the Energy Finance Program, which
I intend to pursue at the school and as a career after graduation.  After
talking with them, they seemed to think that I would be a good fit with the
School and especially the Energy Finance Program.  Due to my disability
towards tests such as the GMAT, I feel that the GMAT is not a good indicator
of how I will perform at UT.  Through the experiences I have had with State
Street Bank and especially with Enron, two very competitive environments, I
know that I will continue to be successful at the Texas Business School.
    Please let me know if  you want me to provide this documentation on my
disability or if you what to meet in person I will come to Austin to meet
with you.  I know that UT would be a perfect fit for the skills I have
attained to help me contribute to the program as well as learn the skills I
need to build on and further my career in the energy-finance industry..
    Thank you in advance for taking the time to review my application.  I
hope that I have provided all the information you need to make an informed
decision.  Hope to have a chance to meet you in the near future.

Sincerely,

Ben Rogers

 - att1.htm


Please disregard the request for the Enron Credit documentation in the name
of NBR Default Swap and Tranocean Sedco Rig. All others are still outstanding
items.

Thanks again!

JAG
---------------------- Forwarded by Jorge A Garcia/NA/Enron on 09/19/2000
09:45 AM ---------------------------

Jorge A Garcia
09/19/2000 09:43 AM
To: Sara Shackleton/HOU/ECT@ECT
cc: Laurel Adams/HOU/ECT@ECT

Subject: Convertible & Credit Trades

Sara,

Please see the attached spreadsheet of the Convertible and Credit Trades in
the name of ECT Investments. We are making an effort to complete our working
files. Please provide us with a copy of the documentation file for the
referenced assets highlighted in green.

Feel free to call or e-mail me and I will be happy to swing by and pick them
up.

Thanks in advance!

Jorge A. Garcia
Manager- Risk Management
ENA
(713) 853-5596


Eva,

Thanks.

Vince


SORRY...just got the email this morning...i was out of town''''

giddy-up

MC


FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/11/2000
02:23 PM ---------------------------

zkhokher@mail.utexas.edu on 04/11/2000 04:06:46 PM
To: <Vince.J.Kaminski@enron.com>
cc: <Stinson.Gibner@enron.com>
Subject: Re: Hi

Vince:
I think full time employment starting in about six months seems to be the
best option.  It is probably best to get my dissertation wrapped up before
taking on additional commitments.

Regards
Zeigham

-----Original Message-----
From: Vince.J.Kaminski@enron.com <Vince.J.Kaminski@enron.com>
To: zkhokher@mail.utexas.edu <zkhokher@mail.utexas.edu>
Cc: Vince.J.Kaminski@enron.com <Vince.J.Kaminski@enron.com>;
Stinson.Gibner@enron.com <Stinson.Gibner@enron.com>
Date: Tuesday, April 11, 2000 10:25 AM
Subject: Re: Hi

Zeigham,

We discussed two options (not necessarily mutually exclusive):

1. summer internship
2. full employment.

Are you interested exclusively in full employment?

I need the answer ASAP, as we are going to discuss the additional summer
intern positions this afternoon.

Vince

zkhokher@mail.utexas.edu on 04/11/2000 01:06:14 PM

To:   <vkamins@enron.com>
cc:
Subject:  Hi

Vince:
It was very nice talking to you at  the Texas Finance Festival and I think
the telecom market that Enron is entering  is very interesting and very
lucrative. I would be very interested in  working in that segment for
Enron.

However, I talked to Sheridan about  this oppurtunity and he said that it
is probably going to be another six months  before I finish my
dissertation. So while I am definitely interested, the  start date will
probably have to be around that time.

At any rate, it was a pleasure meeting you again  and hopefully once I have
defended my dissertation we can discuss  employment oppurtunities in
greater detail.

Regards
Zeigham
zkhokher@mail.utexas.edu
512-471-1676


Your thoughts?

 -----Original Message-----
From: 	Zisman, Stuart
Sent:	Wednesday, December 12, 2001 2:08 PM
To:	Schneider, Chip; Redmond, Brian; Virgo, Robert; Booth, Eric
Cc:	Nemec, Gerald
Subject:	RE:

I agree with Chip but question which would be faster.  I think both routes are identical in terms of result but may differ in the amount of time needed to accomplish them.  I believe that we are allowed to enter into new agreements, without court approval, provided that they are in the ordinary course.  My understanding of the process for assuming an existing contract is that it typically requires some oversight/approval by the bankruptcy court/creditors committee and further it may require the debtor to rectify any prior defaults (I am less sure of this one).  Obviously, a bankruptcy lawyer should be consulted.  By carbon copy of this email, I am asking Gerald Nemec to run this to ground with one of the A&K or Weil lawyers.

Stuart

 -----Original Message-----
From: 	Schneider, Chip
Sent:	Wednesday, December 12, 2001 10:49 AM
To:	Redmond, Brian; Virgo, Robert; Zisman, Stuart; Booth, Eric
Subject:	RE:

We may not want to put a new contract in place.  Court "acceptance" of the existing contract may be the most appropriate thing to do.  In that case, PB-KBB should have no concerns about post-petition payments.

 -----Original Message-----
From: 	Redmond, Brian
Sent:	Wednesday, December 12, 2001 10:35 AM
To:	Virgo, Robert; Zisman, Stuart; Booth, Eric; Schneider, Chip
Subject:

Bob:

I spoke with Duane Harris from PB-KBB (Tommy Smith's boss) regarding the Napoleanville work.  I briefed him on how the pre and post bankruptcy invoices will be treated.  They are willing to keep working provided we do the following:

1.	Provide an accounting of what invoices are pre and what invoices are post bankruptcy - so we can get on the same page with them regarding the numbers.

2.	Put in place a new contract between PB-KBB and the Estate to cover post bankruptcy work.  Please work with G. Nemec to develop the form of the contract that we want to propose to the cash committee.

3.	He also wants to have a discussion with regard to the pre-bankruptcy invoices, but he realizes he is an unsecrued creditor with respect to this work.

Lets you, Stuart and I chat by the end of the day to see where you are on this.

Thanks,
Brian

Duane's contact details are:
phone 281-589-5803
fax: 281-496-2768


Please welcome Carmen Perez to our EBS Government Affairs group.  Carmen, who
comes from the international government affairs group, is now the assistant
for myself, Donald, Lara and XiXi.  She can be reached at 713 345-4952.

Carmen will be helping to organize us on many fronts, including budget
matters.  (More details to come on that on our next Monday morning call).
Additionally, Carmen will be keeping a calendar for use of our standing
bridge line.  Feel free to use the line as often as you need, but please
check with Carmen first so that we're not all trying to use it at the same
time.

Also, I would like to welcome Karen Huang to our group.  Karen, who comes
from EBS,  will be Scott's assistant in the Portland office.  Karen can be
reached at 503 886-0396.


---------------------- Forwarded by Mark Guzman/PDX/ECT on 12/12/2000 12:06
PM ---------------------------

Carla Hoffman
12/12/2000 06:28 AM
To: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Jeff
Richter/HOU/ECT@ECT, Phillip Platter/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT,
Diana Scholtes/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Matt
Motley/PDX/ECT@ECT, Mark Guzman/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark
Fischer/PDX/ECT@ECT, Monica Lande/PDX/ECT@ECT
cc:
Subject: DJ Bonneville: Elec Emergency Putting Water System At Risk; DJ T
ransalta Stops Pwr Sales To Cal-ISO; Questions Credit

---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/12/2000 06:37
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     12/12/2000 06:23 AM

To: undisclosed-recipients:;
cc:
Subject: DJ Bonneville: Elec Emergency Putting Water System At Risk; DJ T
ransalta Stops Pwr Sales To Cal-ISO; Questions Credit

13:16 GMT 12 December 2000 DJ Bonneville: Elec Emergency Putting Water
System At Risk
(This article was originally published Monday)

   By Mark Golden
   Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--The Bonneville Power Administration - which manages
the federal hydroelectric generating system in the northwest U.S. - may not
have sufficient water to meet its power and fish obligations this winter and
spring, a spokesman said Monday.
"The way it's shaping up now, we are very concerned. We've had one of the
driest Novembers on record, and a very dry December," said Bonneville
spokesman Mike Hansen.
"Given the situation in California and that we are currently having to run
the system outside of the guidelines established by biological opinion (for
fish in the river), we have some concerns for later on this winter for power
and for fish flows this April," Hansen said.
Due to the strains on the system, Bonneville has told the California
Independent System Operator and northwest utilities that Bonneville can
supply extra electricity only in emergencies where rolling blackouts are
otherwise imminent. Thursday, Bonneville rushed to California's rescue only
after the ISO declared its first-ever Stage 3 emergency, and blackouts were
avoided.
Water in the federal system's main storage reservoir, Coulee dam, is at
1,272 feet. The maximum capacity of the reservoir is 1,290 feet, and the
project is incapable of generating electricity when the water level falls to
1,208 feet.
Even though the current storage level is much closer to full than empty, the
normal operations target something close to a full reservoir by the end of
December. Grand Coulee storage has fallen 14 feet since Nov. 1, during a
time when it is normally rising.
What's more, every gallon of water that rushes through the system's turbines
generates a lot more electricity when it falls from higher elevations than
from lower ones, so Grand Coulee is losing efficiency as it drafts down.
"Drafting at Grand Coulee and Libby dams doesn't mean we won't be able to
meet our obligations for fish flow. But it presents a riskier operation.
Everytime you draw them down, and combine them with cold weather, the
probability of meeting those flow requirements drops," Hansen said.
Normally, Bonneville is able to buy excess electricity from California
utilities during the fall. However, California's economic boom has raised
electricity demand there so much that the state has become a perpetual
importer.
Water levels in Grand Coulee and the smaller federal dams are normally
drafted down from January to April to generate power and make room for the
coming spring snow melt.
"We have certainly been drafting more than we had planned for at this
point," Hansen said.
If temperatures fall so low that regional utilities cannot meet their
customers demand for electric heating, Bonneville will step in to avoid
blackouts. But each time that happens in the early part of the heating
season, it raises the possibility that Bonneville will be unable to help in
February or March.
Bonneville manages its system to achieve many goals: avoiding floods, trying
to improve fish populations, recreation and power, which has the lowest
priority except in an electric supply emergency. The hydropower operator is
pretty much always concerned about meeting those various and often contrary
obligations.
On a five-alarm scale, "We run at about two-and-a-half alarm averaged over
the year. If it gets to be as cold as the weather forecast says, we'll be in
a four- and-a-half or five real quick," Berry said
Bonneville is losing out financially by selling electricity to utilities and
the California. Under its federal tariff, it cannot ask for more than $68 a
megawatt-hour from the ISO, for example, though the ISO usually offers
$250/MWh.
But wholesale market prices skyrocketed to $3,000/MWh Friday in the
Northwest, and they have been running above $250/MWh for more than a week.
Bonneville may find itself buying power in March at extremely high market
levels in a couple of months - because it is being forced to rescue
California so frequently now.
The difference could mean a hundreds-of-million-dollar federal subsidy for
California, even though Bonneville's priority obligation is to Northwest
utilities according to its federal charter.
As a result, Bonneville has also provided the ISO with electricity under
exchange deals, whereby the ISO will supply Bonneville with megawatts at
some later time. Those deals could make the ISO's already strained financial
situation worse if power market prices continue to rise through the winter.
By Mark Golden, Dow Jones Newswires; 201-938-4604; mark.golden@dowjones.com
   (END) Dow Jones Newswires  12-12-00
1316GMT Copyright (c) 2000, Dow Jones & Company Inc
13:15 GMT 12 December 2000 DJ Transalta Stops Pwr Sales To Cal-ISO;
Questions Credit
(This article was originally published Monday)
LOS ANGELES (Dow Jones)--Transalta, an investor-owned utility based in
Alberta, Canada, stopped selling power to the California Independent System
Operator at 6 p.m. PST Monday (0200 GMT Tuesday) because it fears the grid
operator won't be able to pay, market sources told Dow Jones Newswires.
For about eight hours Monday, Transalta sold the ISO 400 megawatts of power
from its Centralia generating station in western Washington state at $1,000
a megawatt-hour, the source said. The 1,000 MW will cost the ISO about $3.2
million.
The cost of producing electricity at the 650-MW Centralia plant is about
$14-$15/MWh, company officials said.
Because the ISO, which manages electricity reliability in the state, was
buying a large quantity of power in the spot market, Transalta questioned
the ISO's credit-worthiness.
A Transalta spokesperson wasn't immediately available for comment Monday.
Transalta could resume sales to the ISO at a later date. Representatives
from the ISO wouldn't comment.
To illustrate just how dire the supply situation in California is, other
power suppliers, including British Columbia Hydro & Power Authority (X.BCH)
subsidiary PowerEx, have requested that the ISO secure a letter of credit
from one of the state's three investor-owned utilities before any
transactions take place. Last week, Edison International (EIX) unit Southern
California Edison did just that, issuing a letter of credit to PowerEx for
$23 million.
Steve Maviglio, press secretary to California Gov. Gray Davis, confirmed
with Dow Jones Newswires that he received a telephone call from Transalta
saying the company planned to stop selling power to the grid operator Monday
evening.
The ISO has since called a stage-two power emergency and requested that
Pacific Gas & Electric Co. interrupt about 400 MW of power to large
industrial customers who get reduced rates in exchange for having their
power cut during peak demand periods.
-By Jason Leopold and Mark Golden, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com
(END) Dow Jones Newswires 12-12-00
1315GMT Copyright (c) 2000, Dow Jones & Company Inc

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.


what is this???

	From:  Jennifer Fraser                           12/27/2000 12:19 PM

To: Bill Berkeland/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, Jennifer
Shipos/HOU/ECT@ECT
cc:
Subject: NG YEAR ENd Quiz

---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 27/12/2000
18:21 ---------------------------

RBrown5658@aol.com@wwwww.aescon.com on 27/12/2000 12:04:03
Supplemental Bonus question: See no 12---- Is Jeff Shankman's picture there

Here is your year end NG quiz.  Forgive pore spelling please!

1.   On Jan 4, 2000, what was the settle price of the prompt month Nymex
contract?

2.   What caused numerous OTC energy brokerages to consolidate or go out of
business in 2000?

3.   Every 11 years, an astronomical event occurs that correlates with high
energy prics.  This is one of those years.  What is the event?

4.   What trading company's motto is "unrelenting thinking?"

5.   What is intellectual capital?  Where was the idea of it conceived?

6.   If a supertrader is wearing a blue shirt with white collar and cuffs,
what is the appropriate foot accesory:  red socks, sandals or "spats"?

7.   On March 31, 2000, what was the settle of the prompt month Nymex
contract?

8.   What is the name of a prominent national weather service that doesn't
provide intra-day Canadian air temp graphics?

9.   What is a "polar pig"?   Who coined the phrase?

10.  What do Nicholas Leeson and Value-at-Risk have in common?

11.  What type of food is served at the restaurant in Houston which houses
the famous bar - "Club No Minors"?

12.  What is the name of the small town in Texas where the Natural Gas
Traders Hall of Fame is allegedly located?

13.  What is the name of the $1.59 grocery store tabloid that predicted our
current weather on Sept. 12, 2000?

14.  What are the names of the three northern hemisphere weather models used
today?

15.  In the year 2000, what astrological event had a 100% correlation with
counter-trend price moves?

16.  On Feb 3, 2001, what astrological event will occur that some floor
traders say will affect price of NG?

17.  In the year 2000, one Houston oil company paid $160 million to learn the
hard way that OPEC can do what?

18.  What was the highest IFGMR index posted to date?

19.  What city issued warrants for the arrest of several of its gas utility's
executives in 2000?

20.  Who is the president of Enron Online?

21.  During 2000's Shell Open golf tourney, within a 25 cent window what was
the average price of the prompt month Nymex contract?

22.  What weather event struck Ft. Worth, Texas on March 28, 2000?

23.  How many Nobel laureates advised the supertraders at failed Long Term
Capital Management?

24.  What is a "deal cop"?

25.  The AGA states upon its web page that portion of the gas business that
it represents.  Which of the following is that group? Traders, marketers,
pipelines, utilities, home consumers, producers, industrials?

26.  What type of meat product was used to verbally describe AGA's Chris
McGill's reaction to the notion that there would be a shortage of gas supply
this winter?

27.  How many utilities have been rumored to be considering bankruptcy in
California due to high energy prices?

28.  The original design for Alliance pipeline was conceived where and drawn
on what?

29.  Which of the following is considered to be improper to put on a
Philadelphia Gas Works expense account: business mileage, business meals,
business lodging or artworks?

30.  At a late night industry party during Gas Fair this year, two female
brokers were mistakenly hassled by Houston Police as possibly being of what
occupation?


Start Date: 2/6/02; HourAhead hour: 11;  HourAhead schedule download failed. Manual intervention required.


Everything looks correct, except for Friday, November 23, 2001.  Truong had
this day listed as a holiday.  It is not a holiday -- the exchange will close
early at 12 noon CST.

Errol


- 1-31-2002.xls


Elizabeth asked that I request a copy of the above document at your earliest
convenience.  She will be leaving the office around 11:00 am this morning to
go out of town and would like to have the agreement to review.  Please let me
know if I can be of assistance in any way (ext. 3-5438).  Thanks.


Cindy,
Thanks for the email.  I 'll be glad to set it up and attend.  Who else would
you like there so that i can co-ordinate?
m

Cindy Olson@ENRON
10/31/2000 10:18 AM
To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Re: Nexstar Mortgage Program

Mike ,  I like th idea.....in fact have been kicking this around as a service
we could offer employees.....I will meet with him in the near future!!!!!!!!


Enron announced today that its common stock will now be traded as an Over-the-Counter (OTC) equity security under the symbol "ENRNQ."  This follows a decision by the New York Stock Exchange (NYSE) to file an application to delist Enron's common stock, which means that Enron's common stock and related securities are suspended from trading on the NYSE.  Enron is considering whether to appeal the NYSE's decision.

The NYSE has standard criteria for listing stocks, which can be found on their website at www.nyse.com.  Enron recently fell below the following listing criteria: average closing price of a security less than $1.00 over a consecutive 30 trading-day period.  Quotation service for Enron's stock will now be provided by the National Quotation Bureau, LLC "Pink Sheets."


713-754-5971 Rosemary Spar...
from Ron Lumbra at Russel, Randals Associates
To call today 12pm-2pm ET


Simon did a nice job on the presentation, but I need some things re-arranged,
added, etc.  Should I call him directly, other?  Let me know.  Thanks a
million.

Best,
Jeff


Brent Hendry will be in late Tuesday morning.  He's meeting with the
insurance adjuster on his home for further claim discussion and picture
taking.


Chris--The attached table is an updated version of the one I sent you last
night.   The only thing missing is the AGL numbers which I am finalizing now,
since we understand our latitude with respect to the storage.   I will forward
a complete version of the attached to you with the AGL numbers shortly, but I
wanted to get you the COH Choice numbers, which now reflect the Baseload
storage withdrawals volumes for March.   Also, the attached version contains
the correct numbers for the programs scheduled by K. Novsek.

One other point, the COH choice volumes shown in the rows labelled 'PRIM' are
total requirements less storage withdrawals only.  I have not subtracted the
volumes of March physical hedged previously hedged by Brian Perrone.

Please call if you have questions.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 03 00 SUPPLY NEEDS - ALL LDCS                     (MASTER).xls


Love to.  I'll probably be down in Houston next week--most likely thur-fri.
I'll call you when I know fer shure.  Pheasant gig is around Oct 27-30 or
so.  More detail to follow.  DF

"Hooker, David" <DHooker@UtiliCorp.com> on 09/05/2000 06:41:24 AM
To: "'Drew.Fossum@enron.com'" <Drew.Fossum@enron.com>
cc:

Subject: RE: Aquila Organization Change

Yes.  I'll need dates though.  Next time your in Houston, lets get together.
I have a lot to update you on.

-----Original Message-----
From: Drew.Fossum@enron.com [mailto:Drew.Fossum@enron.com]
Sent: Friday, September 01, 2000 8:28 AM
To: Hooker, David
Subject: RE: Aquila Organization Change

Give em hell in the deposition my friend!  If you get the chance, ask them
how much of that $400 mm they set aside for you!   Hey, we need to talk
about something else--I'm getting a pheasant hunting trip organized for
late Oct.  Interested?  DF

"Hooker, David" <DHooker@UtiliCorp.com> on 09/01/2000 06:37:54 AM

To:   "'Drew.Fossum@enron.com'" <Drew.Fossum@enron.com>
cc:

Subject:  RE: Aquila Organization Change

Lot's of changes here.  Deposition on MHP all day today so probably Tuesday
before calling you.  GO DUKE!!!!  I love that #, though I think they got a
hec of a deal.

-----Original Message-----
From: Drew.Fossum@enron.com [mailto:Drew.Fossum@enron.com]
Sent: Thursday, August 31, 2000 1:50 PM
To: dhooker@utilicorp.com
Subject: Aquila Organization Change

Your new boss??? Did you see what Duke paid for MHP??  $400 mm!!!  What
were they smoking?  Give me a line when you get the chance--we're overdue
on getting together.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 08/31/2000
01:47 PM ---------------------------

cc:
Subject:  Aquila Organization Change

AQUILA ENERGY NAMES LEADER OF ITS COMMODITY SERVICES GROUP

  Aquila Energy, a  wholly owned subsidiary of UtiliCorp United,
  recently named  Kevin Fox senior vice president and general
  manager of its Commodity  Services group.


---------------------- Forwarded by Kay Mann/Corp/Enron on 05/01/2001 09:45
AM ---------------------------

"Shoemaker, Kent (GEAE)" <kent.shoemaker@ae.ge.com> on 05/01/2001 09:07:33 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc: "Johnson, Lee L (PS, GE AEP)" <lee.johnson@ps.ge.com>

Subject: RE: Delta/Salmon

Kay:

We told Paul Hastings that we would release our Guaranty and the Opinion at
closing on Wednesday.  They were okay with that.  If that's a problem, I can
fax the guaranty and opinion (once I have it signed), with a letter from me
saying you can't release it until funding...

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, May 01, 2001 9:59 AM
To: lee.johnson@ss.ps.ge.com; kent.shoemaker@ae.ge.com
Cc: Jake.Thomas@enron.com; Stephen.Thome@enron.com
Subject: Delta/Salmon

Good morning.

In order to finish up Delta/Salmon tomorrow, please note we need the
following today:

GE parent guaranty
LOC (so that full payment can be made to GE tomorrow)
Opinion of counsel

And once funds are received by GE, we need the receipt of funds letter.

Lee, I haven't heard back from the Portland gang to find out if the LV Co
Gen contract is ready.  Maybe Jake can help shake that loose.

Thanks,

Kay


Lunch sounds great!   Any time is good for me.  Just holler. Sara

 -----Original Message-----
From: 	Aven, Lynn
Sent:	Friday, October 26, 2001 8:43 AM
To:	Shackleton, Sara
Subject:	Tunnel of Fundge?

Sara:

Would you like to have lunch today?  If you are not available today we can set something up in the next week or two?

Lynn


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/09/2001
01:32 PM ---------------------------

"Btu" <subs@btu.net> on 04/06/2001 05:35:07 PM
To: "Btu Weekly" <>
cc:
Subject: Btu Weekly

Attached is the latest issue of Btu Weekly.

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wg040901.pdf


-----Original Message-----
From: 	Davis, Angela
Sent:	Monday, October 29, 2001 4:19 PM
To:	Heard, Marie
Subject:	RE: Meeting regarding Master Netting Agreements

I have a previous meeting but am willing to help after a briefing.

Angela D. Davis
Enron North America Corp.
1400 Smith Street, EB3817
Houston, Texas 77019
Tel: (713) 345-8347
Fax: (713) 646-3393
e-mail: angela.davis@enron.com

 -----Original Message-----
From: 	Heard, Marie
Sent:	Monday, October 29, 2001 3:16 PM
To:	Sayre, Frank; Shackleton, Sara; Gray, Barbara N.; Koehler, Anne C.; Hendry, Brent; Murphy, Harlan; Portz, David; Hodge, Jeffrey T.; Nemec, Gerald; Sole III, Carlos; Dickson, Stacy E.; Leite, Francisco Pinto; Davis, Angela
Cc:	Cook, Mary
Subject:	Meeting regarding Master Netting Agreements

Mary Cook has requested that you attend a meeting tomorrow morning (Tuesday, October 30) from 10:00 to 11:00 in EB38C2  to discuss master netting agreements.  The directive Mary has presently been given is that we will be preparing various master netting agreements and she would like to solicit as much additional help as she can.  If the directive changes before the meeting tomorrow, we will advise everyone.

Please review the below attachments prior to the meeting if your schedule allows.

Thanks!

Marie

	 << File: Master Netting & Security Agmnt g.doc >> 	 << File: Master Netting Agreement Credit Support Annex c.doc >> 	 << File: master netting issue list.doc >> 	 << File: cwt.doc >>


The conversation was very positive (Glynn did not know anything about it at
first, but, looked into it and called Ken back Friday evening).  Glynn said
they were including the amount owed in their negotiations over the price for
the transmission assets and said they intended to pay all of their debts,
including this one, as soon as they get paid.  He said that this weekk would
be focussed on finalizing a deal for SCE given the threat of bankruptcy; the
discussions would then turn to PG&E.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/14/2001 07:03 PM

		 To: skean@enron.com
		 cc:
		 Subject:

Steve:
Jim mentioned that Ken Lay was trying to talk to Glynn today about getting
the PX credit issue resolved.  Any progress made?

Best,
Jeff


---------------------- Forwarded by Gordon McKillop/NA/Enron on 09/26/2000
03:12 PM ---------------------------

Nancy Muchmore
09/26/2000 11:27 AM
To: Gordon McKillop/NA/Enron@ENRON
cc: Frank Stabler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Randy
Young/NA/Enron@Enron

Subject: Re: URGENT -- Re: Papers for Raptor Meeting Tuesday

Gordon:

Randy Young asked me to send you the following information concerning the
entity to be inserted directly under Ponderosa Assets L.P.   The entity will
be a Cayman Islands company, Enron International Brazil 2000 Ltd., with
50,000 shares authorized and 1,000 shares issued to Ponderosa Assets L.P.

Please call me at ext. 66197 should you have any questions or need further
information regarding this company.

Nancy

Randy Young
09/26/2000 10:42 AM
To: Nancy Muchmore/NA/Enron@Enron, Frank
Stabler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: URGENT -- Re: Papers for Raptor Meeting Tuesday

fyi.
---------------------- Forwarded by Randy Young/NA/Enron on 09/26/2000 11:31
AM ---------------------------

Scott Sefton@ECT
09/26/2000 10:37 AM
To: Randy Young/NA/Enron@Enron
cc: Gordon McKillop/NA/Enron@ENRON

Subject: URGENT -- Re: Papers for Raptor Meeting Tuesday

Randy,

Hedges in the Raptor structure require that a Proposal Sheet be submitted to
the counterparty to the swap (the counterparty is owned by an outside
investor and our agreement with them requires this). Attached to Mary's email
below is the Raptor Derivative Proposal Sheet that the business unit will
need to submit. Gordon is responsible for this process and can answer any
questions you have.

Also attached below is a Raptor Securities/Confidentiality Response Form that
ENA legal prepared to help them conduct a due diligence exercise on their
merchant assets being hedged to confirm that there were no contractual or
other legal restrictions that may affect their ability to enter into the
swap. Although  many of the items on this form won't be relevant to what
you're hedging, I thought it may be helpful. Because we're not familiar with
the assets or any South American legal issues that may apply, we'll be
looking to you for confirmation that there aren't any issues in this regard.

You can ignore the document entitled Raptor Process for Inclusion of Swaps
into Raptor Vehicles.

Please call me or Gordon if you have any questions. Thanks!

Scott
---------------------- Forwarded by Scott Sefton/HOU/ECT on 09/26/2000 08:19
AM ---------------------------

MARY COOK
09/25/2000 06:38 PM
To: Scott Sefton/HOU/ECT@ECT
cc: Andrea V Reed/HOU/ECT@ECT, Brian Schwertner/NA/Enron@Enron, Hope
Vargas/HOU/ECT@ECT, Julia H Chin/NA/Enron@Enron, Lisa Mellencamp/HOU/ECT@ECT,
Michael S Galvan/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Travis
McCullough/HOU/ECT@ECT
Subject: Re: Papers for Raptor Meeting Tuesday

We can discuss tomorrow, but the swap group is not staffed either to fulfill
the coordination of all the work in respect of the underlying assets.  Do you
have alternative ideas?

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com

	Scott Sefton
	09/25/2000 06:34 PM

		 To: Mary Cook/HOU/ECT@ECT
		 cc: Lisa Mellencamp/HOU/ECT@ECT, Travis McCullough/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Andrea V Reed/HOU/ECT@ECT, Julia H
Chin/NA/Enron@Enron, Michael S Galvan/HOU/ECT@ECT, Hope Vargas/HOU/ECT@ECT,
Brian Schwertner/NA/Enron@Enron
		 Subject: Re: Papers for Raptor Meeting Tuesday

Although I'm happy to discuss this at our meeting tomorrow, I don't think the
draft process document describes a role for Global Finance legal that we can
properly fulfill.

MARY COOK
09/25/2000 02:14 PM
To: Lisa Mellencamp/HOU/ECT@ECT, Travis McCullough/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Andrea V Reed/HOU/ECT@ECT, Scott Sefton/HOU/ECT@ECT,
Julia H Chin/NA/Enron@Enron, Michael S Galvan/HOU/ECT@ECT, Hope
Vargas/HOU/ECT@ECT, Brian Schwertner/NA/Enron@Enron
cc:
Subject: Papers for Raptor Meeting Tuesday

See attached for your review prior to meeting, Tuesday 9:30 38C1.  Thanks.
Mary

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


Mark -

Kal forwarded the below for my review.  I am comfortable with the language,
but wanted you to see this as I am not familiar with the product.

Thanks for your input.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 02/28/2001 05:42 PM -----

	Kal Shah@ECT
	02/27/2001 12:10 PM

		 To: Mark Greenberg/NA/Enron@ENRON
		 cc:
		 Subject: Post Card approval

Mark -- Pls. review and approve this short postcard as soon as possible.  It
is for the launch of spreads products on EnronOnline.  Thanks.

Kal Shah
EnronOnline
x 39354

 - POST CARD_US.pdf