Here is the Seetin e-mail.  This is actually complaining about the "Fair
Plan' which came out last week.  I have a call into Bob Levin at NYMEX.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 06/07/2001 01:28 PM -----

	Gary Ackerman <foothillservices@mindspring.com>
	06/07/2001 01:07 PM
	Please respond to foothillservices

		 To: Sue Mara <smara@enron.com>
		 cc:
		 Subject: [Fwd: "Newest" Edison Bailout Plan Has A Familiar Sound]

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From: "Mark Seetin" <nymex2@unidial.com>
To: "Andrew Skaff" <askaff@energy-law-group.com>,        "Assemblyman David
Kelley" <assemblymember.kelley@assembly.ca.gov>,        "Brad Williams"
<Brad.Williams@lao.ca.gov>,        "Caroline Katzin"
<Caroline.Katzin@mail.house.gov>,        "Casey Beyer"
<Casey.Beyer@exodus.net>,        "Chuck Cole" <ccole@advocation-inc.com>,
<clara.brooks@ferc.fed.us>,        "Dan Skopec" <Dan.Skopec@mail.house.gov>,
      "Dan Walters" <DWalters@sacbee.com>,        "David Lazarus"
<dlazarus@sfchronicle.com>,        "DAVID WARD" <DWARD@bloomberg.net>,
"Dorothy Rothrock" <drothrock@cmta.net>,        "doug John"
<djohn@jhenergy.com>,        "Evan L. Goldberg"
<evan.goldberg@sen.ca.gov>,        "Gary Ackerman"
<gackerman@wptf.org>,        "Gordon Rutledge" <onyx91@IX.netcom.com>,
"Gregg Ward" <gregg.ward@sc.siemens.com>,        "J. A. Savage"
<honest@compuserve.com>,        "Jack M. Stewart" <jstewart@cmta.net>,
"Joe Paul" <joe.paul@dynegy.com>,        "Keely Martin Bosler"
<Keely.Martin@lao.ca.gov>,        "Linda L. Robertson"
<linda.robertson@enron.com>,        "Michael Kahl" <mikahl@ka-pow.com>,
"Randy Poole" <rdp@scwa.ca.gov>,        "Richard Costigan III"
<richard.costigan@asm.ca.gov>,        "Roderick D. Wright"
<Assemblymember.Wright@assembly.ca.gov>,        "Scott Govenar"
<SGovenar@govadv.com>,        "Tara L. Ord" <tord@mail.house.gov>,
"Terrie Williams" <twilliams@advocation-inc.com>
Cc: "Charlie DeWitt" <nymex4@unidial.com>, "Robert Levin"
<rlevin@nymex.com>,        "Neal Wolkoff" <NWolkoff@nymex.com>
Subject: "Newest" Edison Bailout Plan Has A Familiar Sound
Date: Thu, 7 Jun 2001 11:42:39 -0400
Message-ID: <OIEJJAJCPELDHOOLFDLGGELJCCAA.nymex2@unidial.com>
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X-Mozilla-Status2: 00000000

?

?

To:? Direct Access Coalition Members

From:? Mark Seetin, New York Mercantile Exchange

SUBJECT:? Hertzberg/ Edison &new8 proposal is &de ja vu all over again!8

?

?????? When it comes to having nerve, SoCal Edison takes second to no one.?
The latest rescue proposal announced by Speaker Hertzberg has a familiar ring
to it*--- like the dinner bell at the shark tank at Sea World.?

?

The Hertzberg memo and a Dow Jones story are included in this memo.? A
summary of the primary terms of Hertzberg/Edison,s plan is as follows:

?

o???????? &Large8 users of electricity (500 kw and up) would have direct
access after two years.

o???????? Residential and small businesses would be &re-regulated8

o???????? The &ransom8 for direct access is that businesses would be required
to retire Edison,s $3.1 billion or so in debt*and that the obligation would
&follow8 them to the land of direct access

?

Does anything sound familiar here (hint*think AB 1890 without the surplus
budget and electricity of 1995)??? Remember the 1995 CPUC action and 1996 AB
1890?? SCE was a very active and influential player in that process.? Here,s
a short review of AB 1890:

?

o???????? Direct access would be allowed (projected to be about 1998) after
the utilities stranded costs were retired.? (Note: At the time of the
bankruptcy of the PX in March 2001, direct access was not just elusive---it
had been banned by the passage of AB ) 1X in January.)

o???????? The state created California Power Exchange was mandatory for the
utilities*though by 1999 they began urgently to use alternatives, they were
refused on at least four occasions by CPUC action, to use sources outside the
PX.

o???????? Stranded costs, determined inside the PX pricing mechanism were
applied to all transactions that occurred outside the PX, thus the obligation
&followed8 those seeking an alternative market to the PX.

o???????? The mandatory PX forced the market into a day-ahead pricing scheme
that effective placed the vast majority of California electricity pricing
into the volatile spot market.

?

If this were not California, one would have to say that this is
&unbelievable,8 but the legislative/regulatory track record since 1995 in
California is consistent, if anything.? Adoption of this plan would not only
mean that Californians did not &get the baby (direct access) after paying the
ransom (the Competition Transition Charge, CTC)8 since 1996----BUT, they,ve
been taken hostage themselves now, and another ransom is due.?

?
California Kafkaesque

??????????? Since the beginning of the deregulatory process in 1994-95,
California has taken a novel approach to its energy markets---Unfortunately,
that novel must have been written by Franz Kafka.

?

?

?

Hertzberg/Edison Plan

A Fair Plan for California

Assembly Democratic Caucus

?

What the California public believes about the energy crisis:

?

Utilities are to blame.
Out-of-state generators have made huge profits.
We need to build more power plants to keep up with demand.
Deregulation is a failure.
The economy of the state is at risk.

?

What the public wants in a solution to the energy crisis:

?

Re-regulation (restore balance to system).
Very small, if any, rate increases.
Reliability of supply (no more blackouts).
No permanent damage to environment, more emphasis on renewable sources.
Penalties for those who gouged the state.
Guarantee this won,t happen again.

?

Themes of the Fair Plan:

?

Federal role:? The feds have refused to obey the law to maintain fair &
reasonable rates.
Restore fairness:? Solutions must protect residential and small business
users.
Re-regulation:? Reassert our authority over California,s energy destiny.
Stability & Reliability:? Increase supply and keep a lid on rates.

?

?

Goals of the Fair Plan:

?

Provide customers with reliable power and stable rates.
Restore regulated utilities to credit-worthiness to enable them to resume
role of energy supplier.
Ensure that mega-users of electricity have direct access to independent
electricity providers to protect California,s economy.

?

?

Many elements of the proposed Edison MOU remain unchanged, except for:
Option to purchase the transmission system.
Re-regulates service for all residential and small business consumers.
Provides direct access to providers for mega-users above 500 kW.
Mega-users pay DRC to cover SCE debt.

?

Added elements to the MOU
Transmission option at book value.
Federal tax refund must be applied to debt.
SCE purchases net short only for residences and small businesses, if
necessary.
PUC retains jurisdiction over rates.
EIX provides assurance to keep SCE creditworthy.

?

?

Residential & Small Protection Plan
Protects 99.9% of all customers (those who never peak above 500 kilowatts)
who utilize 81.5 % of load???????????
Will be served by SCE through native generation, bilateral contracts
(including QFs) and Sunrise
Present average PUC bundled rate = 15.7 cents per KW hour
Under Fair Plan, average rate would be 14 cents per KW hour including AB1X
payments

?

Mega-Users Direct Access Plan
Mega-users peak demand 500 KW or more represent 3,600 SCE customers and 18.5%
of total load
Mega-users would gain direct access to the wholesale market

?

Mega-Users Direct Access Plan (continued)

Current average PUC rate = 12.98 cents/KW hour

Fair Plan average wholesale price in 2003 = 12 cents per KW hour

Mega-users would pay SCE,s $3.5 billion debt minus $400 million+ dollars tax
refund from EIX
DRC for debt and cost of electricity fits within existing PUC rates

?

Dow Jones Story

LOS ANGELES (Dow Jones)--A plan that would put most of the burden of rescuing

embattled Edison International (EIX) unit Southern California Edison on large

businesses "has possibilities" if it can gain stakeholder approval, said Bob

Foster, Edison's senior vice president of public affairs, during a conference

call Tuesday.

?

The plan would have customers who use more than 500 kilowatt-hours a month of

electricity finance the cost of power the utility must purchase, or have

purchased on its behalf, in the wholesale market. The "non-core" customers
would

also help the utility recoup most of its $5.5 billion in unrecovered power
costs

through a surcharge on their bills.

?

"Core" residential customers would be protected from the wholesale power
market

as the primary beneficiaries of the low-cost power the utility generates
itself

or has secured through long-term contracts.

?

Assembly Speaker Bob Hertzberg, D-Van Nuys, strongly supports the plan, and
has

asked a former Sacramento mayor to help him take the temperature of Edison

stakeholders "to see if the approach has merit or can be acceptable," Foster

said.

?

"Some of the legislative leadership believes this is an attractive option in

both houses," Foster said.

?

Business groups worry that the plan could cost the state billions in lost

economic activity, because it may force companies to relocate to other states.

?

The core/non-core proposal is one of several being discussed by lawmakers as

alternatives to a memorandum of understanding reached between Edison and Gov.

Gray Davis in April. The MOU, which would have the state buy the utility's

transmission lines, has been pronounced dead by many in the legislature,
though

Edison and Davis' administration say they are still devoted to seeing it
through.

?

?


Your replies are brief and extremely vague.  I will assume that you are not
interested.

Thanks,
Mike Grigsby


I just sold CES 8980 day for 1st and 2nd at the CGAS pool for International
Paper - deal 159101.


Consumer Price Index

From: Sandi M Braband on 10/16/2000 12:14 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: Rate for Tenaska Deal

Daren,
Thanks--while I'm certain I should know, I must confess that i do not know
what CPI stands for???

Sandi

	Daren J Farmer
	10/16/2000 11:39 AM

		 To: Sandi M Braband/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron
		 cc:
		 Subject: Re: Rate for Tenaska Deal

Sandi,

Sorry for just now getting back with you.  I was out last week.

The rate ($.04/mmbtu) will be charged on the greater of the volumes nominated
on the supply contracts or the actual deliveries to the plant.  The fee will
be adjusted yearly based on CPI.

Bob - I could not remember if we stated the type of settlement on the
delivered volumes (actuals or nominations).  I think we should use actuals
due to possibility that the plant could over pull with out our knowledge on a
daily basis.  We would receive the estimates/actuals on a lag and may have to
purchase gas to offset the imbalance, even though the plant kept the noms at
the 45,000 base.  I also think that if the plant does increase the nom, they
are more likely to pull the additional volume rather than pulling less.  Do
you agree with this?

D

From: Sandi M Braband on 10/10/2000 03:41 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Rate for  Tenaska Deal

Daren,
When we met regarding the rate for the Tenaska Gas Management Agreement, you
guys mentioned that it would be tied to an index--could you restate for me
how that is to work--it will start out 4 cents per MMBTU based on the greater
of the volumes nominated through the supply contracts or the actual
deliveries to the plant. Then the fee will vary month to month? year to year?
based on what index?

Thanks,
Sandi


looks good


Tanya, Grant,

Can you join?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/01/2000
11:04 AM ---------------------------

John Arnold
06/01/2000 10:21 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: VaR

Let's meet at 4:00.

Vince J Kaminski
06/01/2000 09:19 AM
To: John Arnold/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT, Jim
Schwieger/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
Subject: VaR

John,

We have  been working for the last few days on VaR related issues.
The focus is on Jim Schwieger's  storage book as of 5/25 and 5/26
where we had some counterintuitive results. This book is a good
candidate for a systematic review of the VaR process.

It seems that the problem arises from forward - forward vols used by the VaR
system. You can see in the attached spreadsheet that the VaR, on a cumulative
basis,
jumps on Jan 04, when an abnormal FF vol hits a relatively large position.
This FF vol is also much different from the previous day number producing a
big
jump in VaR.
This row (Jan 04) is in magenta font in the attached spreadsheet. Please, look
at column D.

The abnormal FF vol may result from one of the two factors:

 a. a bug in the code. We are working with the person in IT who wrote the
                     code to review it.

 b. a poorly conditioned forward vol curve ( a kink or discontinuity in
                    the fwd vol curve will do it). One solution I can
propose, is to develop for
                    the traders a fwd-fwd vol generator  allowing them to
review the fwd vol curve
                    before it is posted. If it produces a weird fwd-fwd vol,
it can be smoothed.

Can you meet at 4 p.m. to review our findings?

Vince


fyi.  this is fine with me--pls remind me.  df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 06/23/2000
02:09 PM ---------------------------

	From:  Corp Accounts Payable Department                           06/22/2000
06:54 PM

Sent by: Enron Announcements
To: All Enron Worldwide
cc:

Subject: Reimbursement of Individually Billed Items

The use of cell phones and pagers has increased dramatically in the past few
years.  As a result the Accounts Payable department has seen a rapid increase
in the number of invoices and vendors.  With the higher volume, we have
reviewed our processes in order to continue our rapid payment cycle.

Although we encourage vendors to address their invoices to individual
employees, they often mail invoices directly to Accounts Payable.  At times
they fail to list the individual who uses the pager or cell phone.  In these
cases we return the invoice to the vendor.  If the employee is designated, we
try to track him/her down and forward the invoice.  The high level of
employee movement among jobs and locations at Enron has made this
increasingly challenging.  Either way, we end up doing something less
productive than paying invoices.

To maintain satisfactory response to our vendors and to reduce time necessary
for research, we request that employees who have pagers, cell phones, and
other individually billed items such as licenses, subscriptions, etc., pay
for them by personal check or charge card (if applicable*payment instructions
are usually indicated on the invoice) and request reimbursement through
employee expense reports.

By submitting these charges on your expense report, you can help us reduce
the amount of time spent researching and forwarding invoices, the number of
checks generated by Treasury, the number of vendors in our database, and the
turnaround time for payment of invoices.


I read the applications, letters of recommendation and resumes on the plane
to Austin and in the hospital this weekend.  Below are my suggested seven
appointees to the Analyst Advisory Board.  I made the selections based on
their answers to the application questions, plus I attended to get a mix of
male and female, commercial and merchant service analysts rotations, current
operating company assignments, undergraduate schools, etc.

I am sorry that I will not be able to join you in the meeting today.

Analyst  School  Current Rotation Rationale

Ilan Caplan  UT   CALME Structuring Both MSA and Commercial Analyst rotations

Erin Rice  Trinity   CALME Structuring Vocal; good to be part of the
solution; female minority

Brian Hoskins  Vanderbilt  ENA Trading  I will trust Jeff Shankman on this one

Carrie Southard  Texas A&M  ENA - EOL  Current MSA rotation

Alejandro Veiga Rice   ESA - Venezula  Good ideas; diverse background

Courtney Votaw  Pepperdine  Corp. - PR  Adds interest to the mix with her
rotation & background

Adrian Woolcock Rice   EES   Sounds mature; good ideas


----- Forwarded by Tana Jones/HOU/ECT on 03/08/2001 01:15 PM -----

	Nicola Beales
	03/08/2001 11:19 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Edmund Cooper/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT
		 Subject: Re: EnronOnline

In response to your e-mail to Ed, I am actually updating Profile Manager for
Justin, as much as I can, on a daily basis.

Kind regards,
Nicola

Edmund Cooper
08/03/2001 17:16
To: Nicola Beales/LON/ECT@ECT
cc:

Subject: EnronOnline

Can you answer this?

---------------------- Forwarded by Edmund Cooper/LON/ECT on 03/08/2001 05:16
PM ---------------------------
From: Tana Jones on 03/06/2001 11:01 AM CST
To: Edmund Cooper/LON/ECT@ECT
cc:

Subject: EnronOnline

Do you know who in London is actually updating Legal's comments to Profile
Manager?  I can't believe Justin does this everyday?!


Please take me off your distribution list.  This is the 5th one I received
today............

CKL

From: Sheila A Knudsen/ENRON@enronXgate on 04/11/2001 09:14 AM
To: "iBuyit@ENRON" <IMCEANOTES-iBuyit+40ENRON@ENRON.com>@SMTP@enronXgate, All
Enron Employees United States@ENRON
cc:
Subject: Recall: Reply Requested: Do You Code Or Approve Invoices?

Knudsen, Sheila A. would like to recall the message, "Reply Requested: Do You
Code Or Approve Invoices?".


What's up in the hood?  It sounds like you guys live in Compton instead of
San Diego?  Make sure Emma starts packing when she starts kindergarten.  If
she is strapped, she can shoot back at these SOBs.  Yet another reason Texas
is better than Cali - we all have guns so no one shoots up schools because
they know someone else has got heat and might put a cap in their ass.

Do you guys want me to order you Jazz Fest tickets when I order ours?  I am
putting in an order for alot of people because if I mail order them it only
costs $3 total as opposed to ticket master's $3 fee per ticket.  Since I am
ordering ours this way, I can order everyone's and they only pay the ticket
price(I eat the $3 because I am doing ours this way anyway).  The tickets are
$15 through the mail per day as opposed to $20 at the gate and $18 through
ticketmaster.  Let me know.  I am ordering all three days for ashley and I
hoping we go all three days.
PL


Steve,  I will be there.

	Steve Van Hooser
	04/24/2001 12:56 PM

		 To: Peggy Banczak, Eric Gillaspie/HOU/ECT@ECT, Sandi Braband, Stacy E
Dickson/HOU/ECT@ECT, Shawna Flynn, Dan Hyvl, Kay Mann/Corp/Enron@Enron,
Gerald Nemec, Carlos Sole/NA/Enron@Enron, Ann Elizabeth White, Kimberlee A
Bennick/HOU/ECT@ECT, Mary Ogden, Debra Perlingiere/HOU/ECT@ECT, Robert
Walker/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Theresa Zucha/NA/Enron@Enron,
Taffy Milligan/HOU/ECT@ECT, Keegan Farrell/NA/Enron@Enron, Vanessa
Griffin/ENRON@enronXgate, Suzanne Adams/HOU/ECT@ECT, Becky Spencer/HOU/ECT@ECT
		 cc: Barbara Gray, Jeffrey T Hodge/HOU/ECT@ECT, steve.van.hooser@enron.com
		 Subject: Peggy & Eric's Going Away Party  THIS FRIDAY NIGHT!!!!!

Please Read and Act on Very Important Attached Memo!!!!

Steve Van Hooser
Enron North America Corp.
1400 Smith
EB3877
Houston, Texas  77002
713-853-7238


This deal has been changed to AEP.

Thanks,
Kate

Evelyn Metoyer@ENRON
12/12/2000 02:01 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 12-12-00 Discrepancies

Matt Motley
ref: 478877
Amerex shows cp as AEP not Sempra


(See attached file: Agenda 050701.doc)

 - Agenda 050701.doc


Can you tell me if he was on the term list and did he receive the $4,500?  If so, I assume you plan to take this amount out of an upcoming paycheck.  thanks
Please copy Stacey White with the access reinstatement confirmation.  thanks

 -----Original Message-----
From: 	HR Service Connection
Sent:	Wednesday, December 12, 2001 2:37 PM
To:	Barnard, Marla
Cc:	Hernandez, Marla
Subject:	RE: Israel Estrada

Marla,

Marla Hernandez is currently working on getting Israel's access reinstated.

Will send you a confirmation upon completion.

Thanks.
Irma Alvarez
Ext. 3-1543
HRServiceConnection@enron.com

 -----Original Message-----
From: 	Barnard, Marla
Sent:	Wednesday, December 12, 2001 2:22 PM
To:	HR Service Connection
Cc:	Alvarez, Irma; White, Stacey W.
Subject:	FW: Israel Estrada

Irma, can you please provide the information requested below at your earliest convenience?  thanks

 -----Original Message-----
From: 	Barnard, Marla
Sent:	Wednesday, December 12, 2001 10:59 AM
To:	Alvarez, Irma; Wheeler, Terrie
Cc:	HR Service Connection
Subject:	Israel Estrada

Israel Estrada should be on a list to retain, but his badge and IT access was cut off last Friday.  He apparently still did not have access today, but is out of the office.

Can you please verify you have him on a retain list, make sure he did not get a term packet and $4,500 and also get his access reinstated.  thanks


CC list suppressed...

January 19, 2001
Heard on the Street

Amid California Power Crisis, Investors Bet on Utilities
Bonds

By GREGORY ZUCKERMAN and JATHON SAPSFORD
Staff Reporters of THE WALL STREET JOURNAL

As lights go out in California, on Wall Street light bulbs
are popping over the heads of investors hoping to profit
from the electricity crisis.

Amid the rolling blackouts, investors with a taste for
risk are betting on the bonds of the two struggling
utilities, units of PG&E Corp. and Edison International,
even as they move precariously close to filing for
bankruptcy-law protection. The investors are gambling that
the companies have enough assets -- and political
importance -- that a solution will be found that will
include gains for intrepid bondholders.

But some experts advise investors to be careful wading
into the energy current, saying it could be a while before
the bonds pay off. And they are emphatic that the
companies' stocks should be avoided like a downed
electrical pole.

Over the past few weeks, the debt of Pacific Gas &
Electric and Southern California Edison has been
downgraded to "junk" status by leading rating agencies,
and both utilities have missed debt payments -- usually a
huge red flag for investors. Meanwhile, holders of the
utilities' commercial paper, which is the shortest-term
debt, are doing everything they can do to dump their
holdings, though it is getting hard to find takers.

But the unsecured, longer-term debt of both companies has
remained in demand, trading at around 50 cents on the
dollar -- at least 10 cents higher than such debt usually
trades at when a company veers so close to a bankruptcy
filing. Prices of bonds that are secured by the utilities'
plants have actually edged higher in recent weeks, moving
from 65 cents on the dollar to about 80 cents -- though
the move has come on limited volume.

Behind such movements are aggressive investors such as
money manager Martin Whitman, of M.J. Whitman. "We're
trying to buy the secured [bonds] like it's going out of
style, and some of our smartest clients are buying the
unsecured debt," says Mr. Whitman, who runs Third Avenue
Value Fund, a mutual fund, as well as hedge funds. Mr.
Whitman, whose firm also acts as a broker-dealer for
distressed debt, hopes to buy as much as $200 million of
the bonds in coming weeks. His only frustration is that
the prices aren't coming down.

The number-crunching by investors works along these lines:
At current prices for unsecured bonds, investors could
score gains of 20% to 25% annually if principal and
interest payments are made within the next two to three
years, the average bankruptcy-court stay. For secured
bonds paid off within that period, the gain would be
almost 15% annually. With quicker payoffs, the return
jumps, of course. The two utilities have more than $20
billion in debt outstanding, of which just a small
fraction is insured.

Why do the bulls -- including distressed-debt specialists
as well as funds such as Mr. Whitman's -- see so much
value in the utility mess? Unlike the run-of-the-mill
troubled company, the utilities are so big, and so
important to the California economy, that some form of
resolution will likely be found to help them get back on
their feet, perhaps by allowing the companies to boost
electric rates. Even if a bankruptcy proceeding results,
the utilities control sufficient assets to give
bondholders a good chance of full recovery of their
principal and even eventual payment of any missed interest
payments, bulls say.

"They're too big and important not to get a solution,"
says Todd Thompson, a portfolio manager at Conseco Capital
Management. "If a theater company or retailer goes away,
no one cares, but here there has to be a resolution."

Bond specialists also point to their past home runs
betting on debt of troubled utility companies -- such as
Public Service of New Hampshire, which was under
bankruptcy-court protection in 1988 to 1991 and never
missed a bond payment.

"If there's a liquidation, or if they figure this out,
you're going to get paid back" principal payments and
accrued interest, Mr. Whitman says. Adds Marc Lasry,
managing director of Amroc Investments, a leading investor
and trader in distressed debt: "There's been quite a lot
of buying [because] at the end of the day you'll get paid.
The question is how long it will take."

But some caution that the bonds could see weakness in
weeks ahead, because some debtholders who want to sell are
waiting on the sidelines, hoping to dump their positions,
once a resolution becomes more evident. Others caution
that the California situation is unlike past utility
fiascos where savvy investors made out quite well. The
problem in California is a newly deregulated pricing
system that has fallen apart, not the overzealous
expansion plans that created various earlier problems.

A bankruptcy-court filing would raise further uncertainty,
perhaps causing more debt to come up for sale. Creditors
fear consumer advocates could lobby against an
electric-rate increase that many say is necessary to solve
the crisis and cover payments to creditors; these
advocates may demand that creditors suffer at least some
loss in the value of their holdings. Moreover, resolution
of the matter could take much longer than the two to three
years that some investors are banking on.

Even as Mr. Whitman and others place their new bets, many
investors who months or even years ago bought the
utilities' debt, figuring it was rock solid, are licking
their wounds. "We stayed away from tobacco. We stayed away
from Japanese banks," says Orange Country Treasurer John
Moorlach, who invested $40 million in Edison's commercial
paper before the credit-ratings agencies downgraded the
utilities' debt. With the two California utilities now
rated below other investments that Mr. Moorlach wouldn't
touch, he says, "It's frustrating."

Mr. Moorlach, as fate would have it, was the man appointed
in 1995 to help lift Orange County out of its own
financial crisis, one brought on by bad investments. He
improved Orange County's finances by prudent
investments -- including securities issued by utilities.
"This is survivable," he says of his current quandary,
"but it's just awkward."

Others say the commercial-paper market is one area where
investors could suffer further losses, at least in the
near term. One reason: There are few potential buyers for
tainted commercial paper, because these short-term
securities issued by corporations generally appeal only to
ultraconservative investors. Both utilities' commercial
paper is being quoted for about 50 cents on the dollar.
With little being traded, "it's very hard to get rid of it
right now," says Sean Egan, managing director at
Egan-Jones Ratings Co., who says those reluctant to bid
include Wall Street securities firms.

Things might get worse. While the commercial-paper holders
might eventually get at least some of their money back,
some fear those payments won't come soon enough to prevent
some money-market mutual funds from seeing the value of
their shares "break the buck," or drop below the
$1-per-share level, causing losses for supposedly sound
investments. Such an event, however, would be rare in the
money-market world.

As for the utilities' stock, if there is a reorganization
of the companies, it could wipe out at least some
shareholder value, while bondholders could gain control of
the remaining equity. "You're taking huge risks" on the
stock, says Mr. Whitman.

PG&E shares have dropped sharply over the past few months,
falling from a high of about $30 in late summer. At 4 p.m.
Thursday in New York Stock Exchange composite trading they
were up 13 cents to $9.75. Edison, meanwhile, was up 13
cents to $9 on the Big Board, down from more than $25 in
the summer. Yet, as steep as the declines have been, the
shares of both utilities still trade higher than is
typical for stocks of companies facing the possibility of
bankruptcy.

"The stock price is irrational," Amroc's Mr. Lasry says.

Write to Gregory Zuckerman at gregory.zuckerman@wsj.com
and Jathon Sapsford at jathon.sapsford@wsj.com


FYI    I requested fuel waivers from Canajoharie to Trco-Leidy for Aug and
CNG said no.  I think they will still have the waivers to most of the
citygates though.


Our net nymex equivalent position for today's exotics portolio is 21
contracts .  I changed the pubcode for the spread options from a basis curve
(CGPR-AECO/BASIS)  to a Fixed Price Curve (AECOUS) so hopefully this will
help us reconcile.


John,

Happy New Year!!  I wish you and your family the best and as Dina puts
it...BUY LOW, SELL HIGH (lol).

I have a great deal of songs to send you.  Just look at the lists (you can
open it with Wordpad) and let me know wich ones you like or if you prefer I
will send them all to you.  Also, I wont be able to send them via e-mail
(too big in memory size).  Therefore, check to see if your IT group have an
IOmega Zip Drive (100 MB) so that I can mail the songs to you.

I have attached the copy of the mi2 theme song and a catalog of the
Corvette.

 <<list.m3u>>  <<list1.m3u>>  <<list2.m3u>>
Song:

 <<Limp Bizkit - Mission Impossible Theme (Instrumental).mp3>>

Brochure:

 <<Corvette brochure.pdf>>

Saludos,
HDT

 - list.m3u
 - list1.m3u
 - list2.m3u
 - Limp Bizkit - Mission Impossible Theme (Instrumental).mp3
 - Corvette brochure.pdf


Cheryl:

Can you please forward a copy of the ECI resolution(s) (or consent) which was
used to establish the Bear account and Securites Loan Agreement?  We need to
determine all products authorized for ECI trading.  Also, copies of Enron
Credit Limited authorizations would be useful.  Thanks for your help.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


As a follow-up to the Enron Net Works All Employee meeting on October 5, we are pleased to announce a number of organizational changes.

Beth Perlman, currently CIO for EA Systems, will work closely with Mark Pickering on a number of key projects for Enron Net Works.  Additionally, Beth plans to explore various commercial opportunities within Enron.  Replacing Beth in her current role will be Steve Hotte, currently CIO for EGS.

Anthony Dayao will continue as CIO for EES Systems.  In addition to his current responsibilities, Anthony will assume responsibility for creating a combined Wholesale/Retail Power Trading and Risk Management system.

Jeff Johnson will move into the new role of CIO for EGM/EIM Systems.

John Paskin will transfer to the Houston office from London to take up the new role of CIO for Corporate Systems. His group will include the ISC, Enterprise Portal, Intranet Solutions, CRM strategy, Treasury Systems, Development Support and will matrix into HR IT Systems.

Continuing in their current positions are Inja Chun, CIO for EBS Systems; Paul Freeman, CIO for Enron Europe; Jay Webb, CIO for eCommerce, which now includes Commodity Logic Systems; and Jenny Rub, CIO for Infrastructure.

All of the above positions report into to Mark Pickering in the Office of the Chairman for Enron Net Works.  Transitions into their new positions will begin within the next two weeks and should be complete by the end of the year.

We are currently interviewing individuals to serve as CIO for EGS, as well as an individual to serve as head of our Enterprise Framework group.  We will keep you posted on the progress of these searches.

Please join us in congratulating all of these individuals on their new responsibilities.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/01/2001
10:56 AM ---------------------------
From: Paula Corey@ENRON COMMUNICATIONS on 03/01/2001 09:56 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Doreen

V -

I spoke with Doreen this morning re: our San Francisco project. Please
forward info to her at

  doreen@magdalinweiss.com

Are you up fro brunch at my house on Sunday with Bill and Mary? Kathryn will
be home on midterm break

P -


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===============================================================
SCIENTECH IssueAlert, November 30, 2000
TNPC Wins Pennsylvania Customers, Continues to Go Green
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

TNPC, Inc., parent of The New Power Company, reported that the Pennsylvania
Public Utility Commission approved the "Competitive Default Service Agreement"
between The New Power Company and PECO Energy for almost 300,000 customers.
The PUC is expected to issue a final order on this matter in the next few
days.

ANALYSIS: As you may recall, a dispute erupted between TNPC and Green Mountain
about a month ago over this large number of customers in PECO Energy's
service territory. Under a regulatory mandate from the Pennsylvania PUC,
PECO had initiated an auction for the approximately 300,000 residential
electricity customers who had not selected a competitive energy service
provider registered within the state. This represented about 20 percent
of PECO's residential customer base. Three energy providers*TNPC, Green
Mountain and one other unidentified company*bid for the customers with
various service packages. PECO chose TNPC, which had offered a fixed discount
of 2 percent for the residential customers, because it believed the offer
was in the best interest of PECO customers.

Green Mountain contested this decision, arguing that its hydro- and natural
gas-based energy package would ultimately be "less expensive for consumers
and environmentally cleaner." Green Mountain also claimed that its proposed
offer was a full 2 percent less than PECO's shopping credit, compared to
TNPC's offer which would average about 1.83 percent below the shopping
credit. PECO's response was that Green Mountain had missed the deadline
for the auction and consequently did not present a valid offer. Over the
last month, both Green Mountain and TNPC fought hard for PECO's customers,
which was understandable as Pennsylvania represents arguably the most
successful
retail market in the United States, if not the world.

The PUC ruling clearly puts the 300,000 PECO customers into the hands of
TNPC, which of course is the product of the residential retail marketing
alliance between Enron, AOL and IBM. Securing the 300,000 residential
customers
in one swift motion is a significant achievement for TNPC and gives it
a substantial market edge over other energy service providers in the
Pennsylvania
market. The customers will be randomly selected from those that have not
shopped for an alternative supplier under the state's electric competition
program.

However, what I find most interesting about the latest development in this
case is what's happening behind the scenes of the dispute, and more
specifically
how TNPC continues to move toward a renewables perspective. I discussed
just two weeks ago (IssueAlert from Nov. 13) that TNPC's stock (NYSE: NPW)
was taking a nosedive. Keep in mind that the stock had a terrific IPO in
early October. TNPC's IPO offering of 24 million common shares was priced
at $21 per share, a surprisingly strong showing for a company that has
only been in existence since May of this year. Momentum grew as the first
day of trading saw the stock price climb to $27.  Yet, contrast that with
the current stock price of $6 3/8 (as of Nov. 30), and certainly questions
about where TNPC will go from here start to emerge. The decline in TNPC
stock seemed to start when the company reported a 3Q loss of $69.9 million,
or $2.96 per share. TNPC argued that the losses were not meaningful due
its limited operating history, but investors seemed to think otherwise.

Around the same time that TNPC's stock began to drop, the company announced
that it would be adding wind-generated energy to its package for customers
in the Philadelphia area. Under terms of a brand-new agreement, TNPC will
market wind power supplied by Community Energy from a site under development
in the mountains of northeast Pennsylvania. My reaction to this announcement
was that TNPC's addition of wind power to its portfolio was an attempt
to quell further objections from Green Mountain. Yet, TNPC's move toward
renewable energy now appears to be an attempt to save its sagging stock
price.

In another ironic twist, TNPC also announced that it is forming a partnership
with Green Mountain, which was an adversary only last month. TNPC disclosed
that it is in negotiations with Green Mountain regarding the disposition
of up to 50,000 competitive default service customers (out of the 300,000)
within PECO's territory. Reportedly, the relationship will benefit
Pennsylvania
consumers and help TNPC and Green Mountain to achieve their business goals.
In addition, TNPC claims that working with Green Mountain in this manner
is consistent with its objective of enhancing a "positive customer portfolio
value." However, considering that TNPC fought so hard to obtain all of
the 300,000 customers from PECO, it seems odd that the company would suddenly
be willing to share 50,000 of them with Green Mountain.

Certainly, Green Mountain wins from this partnership. The company gains
50,000 residential customers when it, based on the PUC's ruling, could
have ended up with nothing. The company offers three service packages in
Pennsylvania: EcoSmart, EnviroBlend and Nature's Choice, varying mixes
of hydro, natural gas and new renewables, with Nature's Choice containing
more renewables than the other two power blends. Marketing power that it
bills as "dramatically cleaner than typical Pennsylvania electricity,"
Green Mountain may be able to expand its reach in the state by attracting
energy customers who seek out environmentally clean energy.

What remains very unclear is TNPC's true motivations and the future of
the company, which made such a big splash when it began operating last
spring. Is this a classic case of an energy start-up chasing down trends
(e.g., the current high value of renewable energy stocks) in order to
rejuvenate
itself, or a true identity transformation? The questions are pertinent
as long as TNPC continues to generate losses and its stock continues to
struggle.
==============================================================
Learn more about SCIENTECH's Strategic and Competitive Intelligence products
and services at:
http://www.consultrci.com/web/rciweb.nsf/web/Depts-SI.html
==============================================================

SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let
us know if we can help you with in-depth analyses or any other SCIENTECH
information products. If you would like to refer a colleague to receive
our free, daily IssueAlerts, please reply to this email and include their
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Sincerely,

Will McNamara
Director, Electric Industry Analysis
wmcnamara@scientech.com
===============================================================
Feedback regarding SCIENTECH's IssueAlert should be sent to
wmcnamara@scientech.com
===============================================================

SCIENTECH's IssueAlerts are compiled based on independent analysis by
SCIENTECH
consultants.  The opinions expressed in SCIENTECH's IssueAlerts are not
intended to predict financial performance of companies discussed or to
be the basis for investment decisions of any kind.  SCIENTECH's sole purpose
in publishing its IssueAlerts is to offer an independent perspective regarding
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Copyright 2000.  SCIENTECH, Inc.

If you do not wish to receive any further IssueAlerts from SCIENTECH, please
reply to this message and type "delete" in the subject line.


Notice # 01-154
May 7, 2001

TO:
All NYMEX Division Members and Member Firms

FROM:
Neal L. Wolkoff, Executive Vice President

RE:
Implementation of New NYMEX Rule 9.11A (&Give-Up Trades8)

DATE:
May 7, 2001
===========================================================
Please be advised that beginning on the trade date of Friday, June 1, 2001,
new NYMEX Rule 9.11A (&Give-Up Trades8) will go into effect.

! In the absence of an applicable give-up agreement, new Rule 9.11A will
define the respective responsibilities/obligations to an order of executing
brokers, customers and Clearing Members.

! The term &executing broker8 as used in Rule 9.11A refers to the registered
billing entity, Member Firm or Floor Broker to whom the order is transmitted.

! Rule 9.11 will provide that, in the absence of an applicable give-up
agreement, a Clearing Member may reject a trade only if: (1) the trade
exceeds trading limits established by the Clearing Member for that customer
that have been communicated to the executing broker as provided by the rule
or (2) the trade is an error for which the executing broker is responsible.

! The new rule also places affirmative obligations on executing brokers to
confirm Clearing Member authorization for an account.  For example, prior to
an executing broker accepting and executing an initial order for any new
customer account, such executing broker must confirm with the Clearing Member
by telephonic, electronic or written means, that:
(a) the customer has a valid account with the Clearing Member;
(b) the account number;
(c) the brokerage rate;
(d) the customer is authorized by the Clearing Member to place orders with
the executing broker for that account; and
(e) a listing or summary of persons authorized to place orders for that
account.
Moreover, the executing broker must retain a copy of the authorization or the
specifics of the telephonic confirmation, which includes: opposite party,
date, time, and any other relevant information.  The Compliance Department
will conduct periodic audits of such records, and falsification of such
information shall be the basis for disciplinary action.

If you have any questions concerning this new rule, please contact Bernard
Purta, Senior Vice President, Regulatory Affairs and Operations, at (212)
299- 2380; Thomas LaSala, Vice President, NYMEX Compliance Department, at
(212) 299-2897; or Arthur McCoy, Vice President, Financial Surveillance
Section, NYMEX Compliance Department, at (212) 299-2928,

NEW RULE 9.11A (&Give-Up Trades8)

(Entire rule is new.)

Rule 9.11A Give-Up Trades

In the absence of a give-up agreement whose terms and conditions govern the
responsibilities/obligations of executing brokers, customers and Clearing
Members, the following rules shall define the respective
responsibilities/obligations of those parties to an order.  The &executing
broker8, as used in this rule, is the registered billing entity, Member Firm
or Floor Broker to whom the order is transmitted.

(A)   Responsibilities/Obligations of Clearing Members

(1). Limits Placed by Clearing Member.   A Clearing Member may, in its
discretion, place trading limits on the trades it will accept for give-up for
a customer,s account from an executing broker, provided however, that the
executing broker receives prior written or electronic notice from the
Clearing Member of the trading limits on that account.  Notice must be
received by the executing broker in a timely manner.  A copy of such notice
shall be retained by the Clearing Member.

(2). Trade Rejection.  A Clearing Member may reject (&DK8) a trade only if:
(1) the trade exceeds the trading limits established under Section I(A) of
this rule for that customer and it has been communicated to the executing
broker as described in Subsection (A); or (2) the trade is an error for which
the executing broker is responsible.  If a Clearing Member has a basis for
rejecting a trade, and chooses to do so in accordance with the provisions of
Rule 2.21(B), it must notify the executing broker promptly.

(3). Billing.  A Clearing Member will pay all floor brokerage fees incurred
for all transactions executed by the executing broker for the customer and
subsequently accepted by the Clearing Member by means of the ATOM system.
Floor brokerage fees will be agreed upon in advance among the Clearing
Member, customer and the executing broker.

(B) Responsibilities/Obligations of Executing Brokers

(1) Customer Order Placement.  An executing broker will be responsible for
determining that all orders are placed or authorized by the customer.  Once
an order has been accepted, a broker or the broker,s clerk must:

(a) confirm the terms of the order with the customer;
(b) accurately execute the order according to its terms;
(c) confirm the execution of the order to the customer as soon as
practicable; and
(d) transmit such executed order to the Clearing Member as soon as
practicable in accordance with Exchange Rules and procedures.

2. Use of Other Persons.  Unless otherwise agreed in writing, the executing
broker is allowed to use the services of another broker in connection with
the broker,s obligations under these rules.  The executing broker remains
responsible to the customer and Clearing Member under these rules.

3.  Executing Broker Responsibility for Verifying Clearing Member
Authorization.  Prior to a broker accepting and executing an initial order
for any new customer account, the executing broker must confirm with the
Clearing Member by telephonic, electronic or written means, that:
(f) the customer has a valid account with the Clearing Member;
(g) the account number;
(h) the brokerage rate;
(i) the customer is authorized by the Clearing Member to place orders with
the executing broker for that account; and
(j) a listing or summary of persons authorized to place orders for that
account.
The executing broker must retain a copy of the authorization or the specifics
of the telephonic confirmation, which includes: opposite party, date, time,
and any other relevant information.  The falsification of such information
shall be the basis for disciplinary action.

4. Rejection of Customer Order.  Where an executing broker has confirmed
Clearing Member authorization to execute orders on behalf of a customer in
accordance with this Rule 9.11A, the broker may, in the broker,s discretion,
reject an order that the customer transmits to the broker for execution.  The
broker shall promptly notify the customer and the Clearing Member(s) of any
such rejection.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(01-154)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Great--Martha, pls get me in here for next wk.  I'll be down in Hou all wk I
think.  I would like to see what else is available, so why don't you give me
a call on Monday afternoon in Houston and we'll figure out when would work to
take a look.  Thanks.  DF  (Martha--ignore my earlier email on this subject)

Laura Kinningham
03/20/2001 05:52 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Temporary Housing

Hello Drew, I wanted to touch base with you regarding your temporary housing
situation.  Deb Cappiello called me this morning and informed me that the
Marketing apartment is fully available to you starting on Monday, March 26.
Deb mentioned that they would still receive the invoices in Omaha, but could
code the invoice to a Legal cost center if you decided to go with this
apartment.

Debra Kallus in the relocation department is available any time to discuss
alternative temporary housing with you as well.  She has offered to have a
representative personally show you corporate housing close to downtown if you
are interested.  Let me know if we need to proceed with Debra further or go
with the Marketing apartment.  My extension is 3-6609 and cell number
713-410-3058 if you would like to discuss.  Thanks.


I have not received a response.  Please help.

DG
ES935566
713-853-9573
---------------------- Forwarded by Darron C Giron/HOU/ECT on 07/26/2000
01:46 PM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           07/24/2000 10:17 AM

To: onepass@coair.com
cc:
Subject: Access

Last Friday I was trying to get into my account online but couldn't remember
my password.  After three unsuccesful attempts the system locked me out.  I
know my password now, but I am still locked out.  Please help.

DG
ES935566
713-853-9573


I've forwarded this e-mail to Christian and Greg. Unfortunately, the
population of the office is quickly dwindling as the holidays come near. I've
been told that one or the other of them will be in today, and I'll find out
if something has been sent out already, and if not, how soon we can do that.
I'll get back to you as soon as I talk to them.

Thanks,
Kate

Kimberly Hundl@ENRON
12/20/2000 07:30 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Hinson Power Company, Inc.

Hi Kate,
Deals #478168, 478944, 478945, 478946 are to be confirmed by either Greg
Wolfe or Christian Yoder.  We need to get the final copy of these confirm
letters so we can scan them into the system for our files.  Also, if the
finalized confirm has been sent to the counterparty we need to change the
status in the system.  These deals are still showing up on our "New" report
every morning and I need to do something with them.
Thanks for your help!
Kim


As most of you already know, Tuesday I transmiited a virus to everyone in my
address book. I want to apologize for this mishap and hope that it has not
caused any major problems. Have a great Holiday Season and feel free to drop
me a line.

Paul Johnson
President- TAGE
Ofc (281) 600-8145
Mbl (281) 814-3886

Visit our Website
http://www.austingrp.com

 - Paul Johnson.vcf


Just a reminder about the info session for the Real Time position, scheduled
today in Mt. Hood at 11:00am!

If you are interested in this position, please remember to let Amy know by
close of business on Monday, April 23rd.

---------------------- Forwarded by Grace Rodriguez/PDX/ECT on 04/19/2001
07:51 AM ---------------------------

Amy FitzPatrick
04/17/2001 08:39 AM
To: Portland West Desk
cc:
Subject: Real Time Trading Opportunity!

A position has recently become available in the Real Time Trading group
reporting to Bill Williams.  Bill will be holding an information session on
Thursday, April 19, 2001 at 11:00 am in Mt Hood for anyone who would like to
learn more about this opportunity.  Interested candidates should let Amy
FitzPatrick know by close of business on Monday, April 23, 2001.

Real Time Trading
Real Time Trading is responsible for the physical and financial integrity of
prescheduled energy transactions.  This includes managing curtailed schedules
and preserving Enron,s financial rights with non-performing trading
counterparties.  The group is required to maintain records and update
databases that explain supply or market interruptions in order to minimize
customer billing dispute issues.

In addition, Real Time Trading is responsible for the hourly trading of
energy in the California ISO and bilateral markets.  Traders are expected to
initiate profitable trades while maintaining an acceptable amount of risk
exposure to the company.  The group is expected to know all settlements
requirements and charges related to each type of trade.  Each trader is
capable of interfacing with customers and responding to internal and external
billing inquiries.

Real Time is required to administer terms of Service Desk contracts, which
may include the selling of excess generation and purchasing energy for
customer,s load requirement.  Also, each trader is responsible for gathering
and reporting information on unit outages, transmission line derations and
other information that is useful for all West Desk Trading activity.

Job Duties
? Confirm purchases and sale of power for Enron Power Marketing
? Work closely with volume, risk management, and dispute settlement groups
? Aid in preparation of price and deal reports and assist in the resolution
of volume/price discrepancies
? Interface with service and middle marketing customers to resolve real-time
questions and concerns
? Assist in testing and implementation of FSP and OATI real-time tagging
? Work closely with information technology and fundamentals group to maintain
and develop Real-Time tools and systems

Qualifications
? Bachelors in Finance, Business, Accounting or related field
? 1 to 2 years of previous power industry experience in WSCC is preferred.
? Excellent problem solving and communication skills
? Working knowledge of Excel, Access, Visual Basic and SQL
? Self motivated
? Detail oriented


---------------------- Forwarded by Randall L Gay/HOU/ECT on 06/06/2000 12:50
PM ---------------------------

"Barquin, John" <jbarquin@velaw.com> on 06/06/2000 09:14:52 AM
To: "Rankin, Cliff" <CRankin@velaw.com>
cc: "'rgay@enron.com'" <rgay@enron.com>, "Novak, John (Enron)"
<john.novak@enron.com>
Subject: Hermes Fee Letter

Cliff -- Can you please tell Rob and John what you need from them in order
to finalize a draft of the Hermes fee/reimbursement letter?


Content-Transfer-Encoding:  7bit
Return-Path: <Seidmanconsult@aol.com>
Received: from  web36.aolmail.aol.com (web36.aolmail.aol.com
[205.188.222.12]) by air-id08.mx.aol.com (v77_r1.37) with ESMTP; Tue, 15 May
2001 13:39:26 -0400
Date: Tue, 15 May 2001 13:39:26 EDT
From: Seidmanconsult@aol.com
Subject:Market Data Consultancy
To: <skilling@enron.com>
Mime-Version: 1.0
Content-Type:  multipart/mixed;
boundary="----_Part_3b0169ce-02a1-1e54-010203040506"
X-Mailer: Unknown (No Version)
Message-ID: <1e.15b5336b.2832c3ce@aol.com>

Mr. Skilling,

  I have worked in the market data industry for over 15 years and feel I
bring a unique perspective to the field.

  I recently started a market data consulting practice and would be
interested  in speaking with you regarding helping you promote your services
within the Financial Services and Information industries.

  I would welcome the opportunity to speak with you at greater length.

  Sincerely,

  Judah Seidman
  President
  Seidman Asset Management

 - resume.doc


It's been changed - thanks for catching that.

Kate

Rhonda L Denton
02/26/2001 11:37 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Sempra Deal

Deal No. 530649 should be Sempra Energy Trading Corp.  Is it okay if I change
it?


Stinson,

He keeps bugging us about it.
Any thoughts what we should do?

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/24/2001
05:22 PM ---------------------------

"Mike Curran" <mcurran@quantinleap.com> on 04/24/2001 10:03:24 AM
Please respond to "Mike Curran" <mcurran@quantinleap.com>
To: <vkamins@enron.com>
cc:
Subject: Willow and Pathstar evaluations

Hi Vince -

Hope all is well with you.

Sharad hasn't had time to evaluate our Willow Tree or Monte Carlo software
since the middle of last year.  Is there somebody else that could do it?

Please let me know who I should send the evaluation to.

Best Regards,

Michael Curran
CEO
Quantin' Leap Limited
Piercy House
7 Copthall Avenue
London EC2R 7NJ

Tel: +44 (0)20 7562 3450
Fax: +44 (0)20 7562 3411

mailto:mcurran@quantinleap.com

http://www.quantinleap.com


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 05/22/2000
11:43 AM ---------------------------

"CapacityCenter.com" <marketing@capacitycenter.com> on 05/18/2000 02:55:43 PM
To: Industry_Participant@mailman.enron.com
cc:
Subject: Gas Transportation Market Intelligence

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We are having so much fun, we do not know what to do with ourselves.  The
P&L's are hosed, we are going to Fletch's happy hour now, maybe the numbers
will make sense after that.
PL


Hi Scott,

I have some questions:

The obligation to try to improve performance  about the specific performance
(ie minimum) standards frequently has a time limit, say 6 months.  Do you
have a sense for the appropriate time period here?  Would it make sense to
require them to work longer on the first 2.0 and 2.4 than the rest?

Will we have a drawing number for a standard foundation design, or will we
need to put words around it.  I know we discussed the need for pilings as the
most significant change.  Do you think that this difference is enough?  Did I
understand that we want them to pay us at the end for non-standard
foundations (as opposed to a credit).

On termination, are we going with the average value no matter what the reason
for termination, with a rep along the lines of whay you wrote, plus some
monitoring ability.

On assignment, they mentioned a corporate guaranty.  I was thinking of using
something broader due to various financing/balance sheet considerations,
perhaps tying it to a guaranty from a BBB rated entity.

Do we want an option to have them store these, which would then impact
payment?

Thanks,

Kay


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Please change my book from "Short Term Main" to "Short term SERC"

Thankyou,

Mike Carson
X6203


Robin:
I misread your message the first time.  The dates that I gave you are the
dates that are NOT good for me so any other date will work.  Can you and
Carolyn pick a date that works for both Julia and Kristina and just let me
know what you come up with?  Thanks.
Carol

	Robin Jordan@ENRON COMMUNICATIONS
	11/30/00 04:48 PM

		 To: Carol St Clair/HOU/ECT@ECT@ENRON
		 cc:
		 Subject: Re: Lunch with Julia and Kristina

Carol,

 At the moment she's available 12/7, 12/8 or 12/19.   Let me know this can
change at any minute.   Hope you and all your "BOYS" are doing fine.

Robin Jordan
Office of the General Counsel
Enron Broadband Services
(713) 853-3246
(713) 646-8537 Fax
robin_jordan@enron.net

	Carol St Clair@ECT
	11/30/00 03:57 PM

		 To: Carolyn George/Corp/Enron@ENRON, Robin Jordan/Enron Communications@Enron
Communications
		 cc:
		 Subject: Lunch with Julia and Kristina

Carolyn and Robin:
I would like to take Julia and Kristina out to lunch for Christmas.  Could
you please let me know which date would work best for both of them?  The
following dates are not good for me:

12/5, 12/6, 12/7, 12/8, 12/19,

Thanks.

Carol


Thank you for your request. You will be notified by email when your request
has been processed. You can check the progress of your request by clicking
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000034920&Page=
MyReq.


Murray,

After our meeting on Wednesday, I spoke with Richard Ring concerning the customer reporting requirements for environmental/generation mix disclosure.  He has been and plans on continuing to address this issue.  Accordingly, you can remove this from your list / or coordinate requirements with Richard.

Thanks,
Jeff


We need to come up (very quickly) with a strategy on how to get the market
information that will be important for FERC Investigation into the public
arena.

I keep thinking that FERC can require the information and somehow get it made
public right away.

1. What information is not public that would be helpful?

2. What strategy will work to get FERC to take action?

Jim


We seem to be getting alot of questions about the name changes of the various
Enserch/TXU entities, so attached  is a comprehensive list.  A copy of the
notice will be sent to the usual suspects.


i need to get some tickets too.  there are a lot of people heading there on
fri so we can all meet up some where.  we can figure it out towards the end
of the week.


This is important stuff.  Pop quiz material.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/30/2001 10:47
AM ---------------------------

	From:  David Leboe @ ECT                           10/17/2000 04:22 PM

To: Suzanne Adams/HOU/ECT@ECT, Alan Larsen/PDX/ECT@ECT, Karen E
Jones/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Dale
Rasmussen/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT, matt.maxwell@enron.com,
kay.mann@enron.com, Stuart Zisman/HOU/ECT@ECT, Peggy Banczak/HOU/ECT@ECT
cc: Herman Manis/Corp/Enron@ENRON, Roger Ondreko/HOU/ECT@ECT

Subject: Re: Power Plant Development Powerpoint Presentation

Herman and I will see you at 10:00am tomorrow to discuss accounting issues
related to our power plant development and sale activities.

Our presentation will be based upon the following attachment.

Hard copies will be available tomorrow in 38C2.

Regards.

Alan Larsen
10/16/2000 01:13 PM
To: Suzanne Adams/HOU/ECT@ECT
cc: Karen E Jones/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Barton
Clark/HOU/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT,
matt.maxwell@enron.com, kay.mann@enron.com, Stuart Zisman/HOU/ECT@ECT, Peggy
Banczak/HOU/ECT@ECT, David Leboe/HOU/ECT@ECT
Subject: Re: Power Plant Development Powerpoint Presentation

Could you check with David and see if he could fax copies of the PowerPoint
plates to me in Portland so we have a fighting chance of following along by
tying in by phone?    If that is possible, try to send them by Tuesday. Thank
you very much.
 Al Larsen

From: Suzanne Adams on 10/12/2000 04:11 PM
To: Karen E Jones/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Barton
Clark/HOU/ECT@ECT, Alan Larsen/PDX/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Ed B
Hearn III/HOU/ECT@ECT, matt.maxwell@enron.com, kay.mann@enron.com, Stuart
Zisman/HOU/ECT@ECT, Peggy Banczak/HOU/ECT@ECT
cc: David Leboe/HOU/ECT@ECT

Subject: Power Plant Development Powerpoint Presentation

There will be a presentation by David Leboe on October 18, 2000 at 10:00 a.m.
in EB38C2.  Please put this on your calendar and plan to attend.

Also, the weekly meetings with Sheila will begin October 25, 2000 at 10:00
a.m. in E38C2.


Thanks.

Vince J Kaminski@ECT
01/11/2000 08:01 AM
To: Richard Shapiro/HOU/EES@EES
cc:
Subject: Congratulations

Rick,

I have just looked at the memo regarding promotions.
Congratulations - well deserved.

Vince


Confidential:  For Internal Distribution Only

The purpose of this e-mail is to bring everyone in the loop on activities on the west desk that we are undertaking to preserve as much value in our book as possible.  I realize that our efforts to date have not been communicated to all internal people who need to know what we are doing.  My apologies for this.  Hopefully this e-mail will accomplish that goal.

A number of counterparties in the west have not yet terminated our deals and have benefited from our inability to procure power in the market to serve these deals.  As a result, we haven't been delivering on several contracts that are deep in the money.  Our counterparties have no motivation to terminate our contracts because such a termination would force them to write us a substantial check.  Instead, these counterparties have been happy to not receive high priced power from us and are filling their positions in the market at much lower prices.

We have taken the limited supplies that we are still receiving and delivering these limited supplies to the highest price sales contracts that we have.  We now have the ability to prepay for additional supplies in order to fulfill additional pre-petition obligations that have not yet been terminated that are in the money.  We have received approval from the Cash committee for purchases through December 27th (I think) and we will secure additional cash to continue on.

Here are the procedures as I understand them.  If you have any questions or modifications please me an e-mail or give me a call.

Cash Desk
Each cash desk needs to identify all transactions in its region that have not been terminated.
On a counterparty by delivery point basis we need to assess whether the weighted average of all near term (next day to next week) deliveries with that counterparty are in the money.
If the average of all transactions with that counterparty at a given location are in the money, we should submit a request for and endeavor to serve the entire portfolio of deals with that counterparty at that delivery point.  We are of the opinion now that we will not be able to cherry pick deals with one counterparty at the same location.
The cash desks should prepare a two week view of the positions that we will need to fill and an estimate (based on spot market prices) of the cash that we will need to serve these transactions to Steve Thome.
The cash desk should provide a daily list of prepay deals that have been done to John Postlethwaite via e-mail.
The cahs desk should provide a list of all historic prepays done so far to bring John current.

Marketing Desk
Steve Thome will coordinate the cash approval process for the west desk.
The marketing desk is responsible for lining up counterparties who will be willing to supply us on a prepay basis.
The marketing desk should direct any legal questions from sellers to Steve Hall/Christian Yoder.
Make sure that sellers fax a copy of the confirmation letter to Steve Hall/Christian Yoder at (503) 464-8058.
The marketing desk needs to work with the cash desk to buy power on a spot basis.  We don't necessarily care who buys it, but rather, we want to ensure that we receive the best price and that all purchases are communicated.
Whoever secures a supply needs to communicate the need for cash to Steve Thome.

Deal Entry
The new deals need to be entered in a manner that will be possible to settle.  After discussing the matter with Stacey White, she recommended entering the new deals in Enpower as zero price, non MTM, with an annuity equal to the prepay amount.
We should enter notes into Enpower indicating that these are prepay transactions.
This will allow settlements to match an annuity in Enpower with prepay out the door.  It will also prevent them from paying the counterparty twice.

I'm sure that I've missed something.  Let me know.

Regards,
Tim


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[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	The world this week
				Dec 7th 2000
				From The Economist print edition

				Counting on courts

				Al Gore went on fighting after two court decisions went against him in his
bid to contest the result of the presidential vote-count in Florida. First,
the federal Supreme Court refused to uphold (or reject) the decision of the
Florida Supreme Court to extend the deadline for hand recounts, and sent the
case back for the court to explain its reasons. The next day, a Florida
circuit court upheld the state,s results, giving George W. Bush a winning
margin of 537 votes. Mr Gore appealed against the ruling. Mr Gore was
encouraged by a federal appeals-court ruling that rejected Mr Bush,s request
to throw out the results of manual recounts in Florida.
				See article: The fight for the presidencyE+

				Meanwhile, Mr Bush tried to consolidate his probable position as
president-elect. For the first time, he received an intelligence briefing
from the CIA. He told his aides in Texas, however, that they should continue
calling him &Mr Governor8.
				See article: George Bush,s awkward transition

				There were rows in Chile over General Augusto Pinochet. A Chilean court
suspended procedures for his arrest on charges of murder and kidnapping,
pending his appeal, while President Ricardo Lagos met armed-forces chiefs to
discuss the issue.
				See article: Chile,s Pinochet row

				AP

				In his first actions as Mexico,s president, Vicente Fox sent a bill on
indigenous rights to Congress, as a step towards trying to settle the
Zapatist rebellion in the south-eastern state of Chiapas.
				See article: Fox tries for peace in ChiapasE+

				In a setback for Venezuela,s President Hugo Chavez, fewer than 10% of the
electorate in a referendum backed a controversial government proposal to oust
trade-union leaders.
				See article: A setback for Venezuela,s ChavezE+

				Colombia,s President Andres Pastrana renewed until the end of January an
arrangement under which troops have been withdrawn from a &demilitarised8
zone to facilitate peace talks with the FARC guerrillas. The talks have been
stalled for months.

				Time for friends

				At the start of the impeachment trial of President Joseph Estrada of the
Philippines, a count of his supporters in the Senate suggested that they
could be sufficient to prevent his conviction on charges of corruption.
Police were on &red alert8 for possible clashes between foes and friends of
the president. An opinion poll gave Mr Estrada a popularity rating of 41%, up
from 35% in November.
				See article: Estrada on trialE+

				The Japanese prime minister, Yoshiro Mori, sought to bolster his shaky
government with the inclusion of two former prime ministers in his cabinet,
together with other veterans.
				See article: Japan,s new cabinetE+

				Taiwan called on America to lift its ban on visits by Taiwanese officials.
President Chen Shui-bian said he feared that Taiwan,s interests were being
sacrificed while America was &engaging8 China.

				Australia is to increase its spending on defence by almost $13 billion during
the next decade. The government said Australia would focus on regional
threats and contribute more to peacekeeping forces. A defence report
complained that Australia could expect little help from &useless8 New Zealand.

				EPA

				A collision in the Indian state of Punjab between a passenger train and a
freight train killed 46 people. It was the 253rd train accident in India this
year.

				Nice work

				Amid last-minute wrangling and violent protests by anti-globalisation
activists, leaders of the European Union,s 15 countries gathered in the
French city of Nice, where they hope to change the rules of the Union to
allow countries mainly from Central Europe to join. France said it was
reluctant to let the EU,s voting system be changed so that Germany would have
a bigger say in EU decisions.
				See article: Will the EU expand?E+

				Responding to EU plans for a rapid-reaction military force, America,s
outgoing defence secretary, William Cohen, said that NATO should not be
allowed to become a &relic of the past8.

				France,s President Jacques Chirac became more deeply embroiled in a
party-funding scandal when an aide during his time as mayor of Paris was
arrested.
				See article: France,s embarrassed president

				A court in Russia found an American guilty of spying and jailed him for 20
years.

				Supreme decisions

				With parliamentary elections due on Sunday, violence broke out in C"te d,
Ivoire after the Supreme Court ruled that a leading candidate from the north,
Alassane Ouatarra, was not eligible for election. The decision ranged
northerners against southerners, and Muslims against Christians.
				See article: North v south in Cote d,IvoireE+

				Ghana held a presidential election. The Supreme Court modified the rule that
voters, identification cards had to carry photographs. The main opposition
party gave warning that this made fraud more likely.

				Local elections were held in South Africa after a bad-tempered campaign. The
turn-out was low, and the opposition Democratic Alliance did relatively well.
				See article: South Africa,s racial electionE+

				AP

				The United Nations, secretary-general, Kofi Annan, visited Sierra Leone and
Ethiopia, to show support for the two UN peacekeeping operations in west and
east Africa.

				Defence ministers representing some combatants in Congo,s war agreed to
withdraw troops from frontline positions. But fighting carried on in at least
one part of Congo and the rebels in control of another part rejected the deal.

				The UN and Iraq agreed on a deal to renew the country,s oil-for-food
programme. Iraq won a concession allowing it to spend some oil revenue
locally, rather than on imports. The money is supposed to go on paying its
oil workers and repairing oil installations.

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Yes, we can add maps at a later time.  I expect to do a phase two later this
summer to revise the content and make adjustments.  However, I make no
promises as to how long it will take to integrate a new map at a later time.
Phase two will be done, but a schedule has not yet been created for it.


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 10/25/2000
01:42 PM ---------------------------

Shauncy Mathews
10/25/2000 08:08 AM
To: Janet Warri/NA/Enron@Enron, Leticia Flores/NA/Enron@Enron, Lisa
Shoemake/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT, Elida
Aguilar/Corp/Enron@Enron, Felicia Salewsky/HOU/ECT@ECT, Melissa
Rodriguez/HOU/ECT@ECT, Lori Boutte/Corp/Enron@Enron
cc:
Subject: Re: FW: Fw: Read & Return

---------------------- Forwarded by Shauncy Mathews/HOU/ECT on 10/25/2000
08:07 AM ---------------------------

Lori Boutte@ENRON
10/24/2000 10:43 AM
To: EvaGonzalez@clearchannel.com, Albernita Travis/Corp/Enron@Enron, Shauncy
Mathews/HOU/ECT@ECT, Donna Ruff/Corp/Enron@ENRON, Elida
Aguilar/Corp/Enron@Enron, Kathy Bass/HOU/EES@EES
cc:
Subject: Re: FW: Fw: Read & Return

Thanks,

Lori Boutte'
IT Sourcing and Procurement
Enron Corp
(713) 345-6253

	EvaGonzalez@clearchannel.com
	10/24/2000 09:35 AM

		 To: lori.boutte@enron.com
		 cc:
		 Subject: FW: Fw: Read & Return

-----Original Message-----
From: Amaya, Jessica
Sent: Tuesday, October 24, 2000 9:08 AM
To: Hoffmeyer, Catherine; Lozano, Angie; Williams, Dawn; Gonzales,
Sylvia; Gonzalez, Eva; 'Contreras, Chrysti'; 'DeLaPena, Norma'; 'Garcia,
Marlenna'; 'Granberry, Tasha'; 'Rosas, Kathy'; 'Rincon, Sylvia';
'Sauceda, Mark'
Subject: FW: Fw: Read & Return

Reason, Season and Lifetime

People come into your life for a reason, a season, or a lifetime.
When you figure out which it is, you know exactly what to do.
When someone is in your life for a REASON, it is usually to
meet a need you have expressed outwardly or inwardly.
They have come to assist you through a difficulty, to provide you
with guidance and support, to aid you physically, emotionally, or
spiritually.
They may seem like a godsend, and they are.
They are there for the reason you need them to be.
Then, without any wrong doing on your part or at an inconvenient time, this
person willsay or do something to bring the relationship to an end.
Sometimes they die. Sometimes they walk away.
Sometimes they act up or out and force you to take a stand.
What we must realize is that our need has been  met, our desire fulfilled;
their work is done.
The prayer you sent up has been answered and it is now time to move on.

When people come into your life for a SEASON, it is because
 your turn has come to share, grow, or learn.
They may bring you an experience of  peace or make you laugh.
They may teach you something you have never done.
They usually give you an unbelievable amount of joy. Believe it!
It is real!  But, only for a season.

LIFETIME relationships teach you lifetime lessons; those things
you must build upon in order to have a solid emotional foundation.
Your job is to accept the lesson, love the person/people (anyway); and put
what  you have learned to use in all other relationships and areas of your
life.
It is said that love is blind but friendship is clairvoyant.

Thank you for being a part of my life... Smile and stop here if you're not
into this final part: This is to show people you love them and to see how
many people love you!!
Don't feel embarrassed cause only you will get the results. Send it to every
friend
that you have online, including the person who sent it to you.

0 Replies = you may need to work on your people skills
2 Replies = you are nice but probably need to be more outgoing.
4 Replies = you have picked your friends well
6 Replies = you are downright popular
8 Replies or More = you are totally awesome (and probably know why you're on
MY list)!

When you receive this e-mail just recite the following prayer.
That's all you have to do. There is nothing attached. This is the power of
prayer
at work. Just send this to (4) people and see what happens on the fourth
day.
Do not break this, please. There is no cost, but lots of rewards.

PRAYER:
May today there be peace within you. May you trust God that you are exactly
where you are meant to be. May you not forget the infinite possibilities
that are born of faith. May you use those gifts that you have
received, and pass on the love that has been given to you. May you be
content
knowing that you are a child of God. Let His presence settle into your
bones, and allow your soul the freedom to sing, dance, and to bask in the
sun.
It is there for each and every one of you.

Send this to (4) or more people and witness the awesome power
of prayer.

God Bless.


I came in too late to know whether it was offered or asked for, but yes, it
is a deliverable.  The Delta deal is being financed, so they are asking for a
lot of docs, including a letter from GE counsel.

To make it more fun, there are complications with the GE consent on the
Pastoria deal.  It is not a happy time between GE and Enron, but I hope it
will smooth over quickly.

More to come.

Kay

PS.  Still no comments from NorthWestern. We need to talk about how
scheduling problems Easter weekend if this thing drags on.

Ben F Jacoby@ECT
03/31/2001 09:50 AM
Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@Enron
cc: Chris Booth/NA/Enron@Enron

Subject: Northwestern & Delta

Kay:

Since NorthWestern and Delta are using Paul Hastings, I'm concerned about
NorthWestern asking for an acknowledgement letter as we provided to Intergen.
Have we offered to provide an acknowledgement letter to Delta on the LM6000s?

Regards,

Ben


CALENDAR ENTRY:	APPOINTMENT

Description:
	Extended Staff Meeting in conference room 4102.

Date:		10/9/2000
Time:		1:30 PM - 3:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Will do.

	Steven J Kean
	05/11/2001 08:35 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Sandra McCubbin/NA/Enron@Enron, Paul Kaufman/Enron@EnronXGate, James D
Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON
		 Subject:

Ken Lay spoke with several California CEOs this morning and urged them to get
personally involved in pushing for a comprehensive set of reforms.  Three
expressed willingness to help.

Scott McNealy (Sun):  contact person - Piper Cole (piper.cole@sun.com);
scott.mcnealy@engeng.sun.com.  Mcnealy wants, by close of business today, a
"cheat sheet" of the talking points to use with politicians (the "8 or 10
elements of the solution") with the expected comeback he may hear from the
political leaders and our response to that comeback.  He says he hasn't spent
time working on issues in Sacremento so we may also want to include a list of
suggested contacts.
Kevin Sharer (Amgen): contact person - Sarah Jensen, VP of Engineering and
Operations (805.447.6785); ksharer@amgen.com.  Sharer wants the same
information as McNealy and he and McNealy both indicated their willingness to
call a meeting of other California CEOs.  Sharer will also be having
breakfast with Hertzberg one week from today.
Robert Day (Trust Co of the West):  said that he is very close to the mayor
of Los Angeles.  He urged Ken to call the mayor (mentioning Day).  Ken would
like some talking points for that call.

Jeff - please put these items together.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Weekly Priority Mtg./Raetta

Date:		11/8/2001
Time:		9:30 AM - 10:30 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Start Date: 12/21/01; HourAhead hour: 10;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122110.txt


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Just wanted to say Hi, I know  you are at work but had to share something.
About two weeks ago, we had to go to dinner at the Peabody with some business
people in town and Jeff introduced me to someone named Cam Smith.  Jeff had
told me he was from Cleveland, MS and his dad was Dr. Smith, OK I put it
together it was Bruce Orman's nephew,  Ok I feel really old NOW!!   He is
young starting out with this particular company that sells to Jeff.  Anyway,
he remembered you and said he always liked you so much.  He gave me scoop on
Bruce and Nancy about moving to Oxford, etc.  He was really nice and quite
country talking but he is married and lives somewhere north of Memphis in Tn.
    What a small world.   Just think you could be living in Oxford town with
that Postmaster!! H A! Just kidding, I would love to see you soon.  Maybe I
can visit you one day.   CT


Kay - As mentioned in my voice mail.? Please revise the signature pages for
E-Next Generation as follows and e-mail back to me. Wilmington is standing by
to execute.

Regards, Karl

Each signature block for E-Next Generation should appear as follows:

E-NEXT GENERATION LLC

By: ??? Wilmington Trust Company,
??????? not in its individual capacity but
??????? solely as Manager

By: _________________
Name:
Title:

Karl Wiemer
Milbank, Tweed, Hadley & McCloy LLP
One Chase Manhattan Plaza
New York, NY 10005-1413
212-530-5209
212-822-5209 (fax)
kwiemer@milbank.com

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.


I've thought about you a few times in the last few months, didn't want
to intrude upon an already bad situation with my bullshit questions.
I'm hearing some pretty depressing stuff from the people I know at ENE.

I wish I had the capital to open my own shop.there will be talent and
opportunity a plenty on the market soon.  I'll ask around.I've got some
friends at Duke and Dynegy from B-school, the Gianoucous (spelling??)
brothers (John and Dimitri.from elementary school) started their own
outfit a while back, and my old man is at Schlumberger and has good
contacts in general (if you aren't married to a trading environment).

Give me a few days, and I'll be in touch.

Michael

-----Original Message-----
From: Cuilla, Martin [mailto:Martin.Cuilla@ENRON.com]
Sent: Monday, November 26, 2001 2:42 PM
To: Mike Contant (E-mail)
Subject: will work for food

you guys have any job opening for ex natural gas traders that made their
now almost defunctc ompany over 40 million in the last two years?  not
sure how much longer ene is going to be around and i'm checking out my
options!

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


No GCP adjustments.

Best Rgds.

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

From: Tom Moran/ENRON@enronXgate on 05/09/2001 05:22 PM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/ENRON@enronXgate, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global CounterParty/LON/ECT@ECT, Stephanie Sever/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Claudia Clark/ENRON@enronXgate, William S
Bradford/ENRON@enronXgate, Lisa Lees/ENRON@enronXgate, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ECT, Bill D Hare/HOU/ECT@ect, Amy
Heffernan/Enron Communications@Enron Communications, Molly LaFuze/Enron
Communications@Enron Communications, Danny Clark/Enron Communications@Enron
Communications, Stephanie Panus/NA/Enron@Enron, Teresa
Mandola/ENRON@enronXgate, Bill Kyle/ENRON@enronXgate, Amber Ebow/HOU/ECT@ECT,
Wendi Lebrocq/ENRON@enronXgate
cc:
Subject: EOL Approvals: 05-09-01

Please see attached

Regards,
Tom Moran
3-3017


Hee hee . .

---------------------- Forwarded by Jennifer Bagwell/NA/Enron on 12/01/2000
09:38 AM ---------------------------

Hockettjenny@cs.com on 11/30/2000 09:47:40 PM
To: Jennifer.Bagwell@enron.com
cc:

Subject: Hangover Classification

Hey JB - You don't how any of these feel do you?
Later - Jenny

Hangover Classification

1 Star Hangover:
 No pain. No real feeling of illness. Your sleep last night was a mere
 disco nap which is giving you a whole lot of misplaced energy. Be  glad
 that you are able to function relatively well. However, you are still
parched. You can drink 10 sodas and still feel this way. Even
vegetarians are craving a steakbomb and a side of gravy fries from any
truck stop USA.

2 Star Hangover:
No pain. Something is definitely amiss. You may look okay but you have
the attention span and mental capacity of a staple gun. The coffee you =
chug
to try and remain focused is only exacerbating your rumbling gut, which =
is craving rootie tootie fresh and fruity pancake breakfast from IHOP. =
Last night has wreaked havoc on your bowels and even though you have a =
nice demeanor about the office, you are costing your employer valuable =
money because all you really can handle is surfing internet porn and =
writing junk e-mails.

3 Star Hangover:
Slight headache. Stomach feels crappy. You are definitely a space shot
and so not productive. Anytime a girl walks by you gag because her =
perfume
reminds you of the random gin shots you did with your alcoholic friends =
after the bouncer 86'd you at 1:45 a.m. Life would be better right now =
if you were in your bed with a dozen donuts and a meatball sub watching =
the E! fashion awards. You've had 4 cups of coffee, a gallon of water, 3 =
Snapples and a liter of diet coke- yet you haven't peed once.

4 Star Hangover:
Life sucks. Your head is throbbing and you can't speak too quickly or
else you might puke. Your boss has already lambasted you for being
late and has given you a lecture for wreaking of booze. You wore nice
clothes but that can't hide the fact that you missed an oh-so crucial
spot shaving, (girls, it looks like you put your make-up on while
riding the bumper cars) your teeth have sweaters, your eyes look like
one big vein and your hair style makes you look like a reject from the
class picture of Revere High, '76. You would shoot your mother for one =
or all
of the following: 1. The clock to strike 6pm. 2. The entire appetizer =
list from      TGIFridays or 3. A time machine so you could go back and =
NOT have gone out the night before.

5 Star Hangover:
aka Dante's 4th Circle of Hell. You have a second heartbeat in your
head which is actually annoying the employee who sits in the next
cube. Vodka vapor is seeping out of every pore and making you dizzy.
You still have toothpaste crust in the corners of your mouth from
brushing your teeth. Your body has lost the ability to generate saliva
so your tongue is suffocating you. You'd cry but that would take the =
last
of the moisture left in your body. Death seems pretty good right now. =
Your
boss doesn't even get mad at you and your co-workers think that your dog
just died because you look so pathetic. You should have called in sick
because let's face it, all you can manage to do is bitch about your =
state-
which is a mystery to you because you definitely don't remember who you =
were
with,  where you were, what you drank and why there is a stranger still
sleeping in your bed, unaccompanied, at your house. The only thing you =
can do is
smoke a bong hit and pass out. It's when you wake up a few hours later
with a lesser star hangover that you eat a large pizza, an order of Kung =
Pao
Chicken, a ham and cheese omelet and a batch of rice krispie treats.


Mark can do, but as general proposition I think tht you can assume that none of the changes to the Canadian form have been made to the US form, some of which will be jurisdictional to Canada and others of which will not.  Mark please prepare a brief summary.

 -----Original Message-----
From: 	Tycholiz, Barry
Sent:	Wednesday, September 19, 2001 6:47 AM
To:	Powell, Mark
Cc:	Keohane, Peter
Subject:	PG&E Documents

If one of the exercises is to standardize ( as best as possible the two agreements) I think we need to create a document that identifies the variance in the agreements. Has this been done and if so, can I have a copy to review. I have gone through both the US and Canadian agreements but am not sure where some of the subtle differences lie.

Call if you want to discuss.

BT


Fax Number is 7136463239.  What do you mean by protesting-Are they not
paying. are they paying some but not all.


I sold out on Saturday. I got called by work right after I talk to you and I
didn't get off my cell until after halftime. I missed the entire first half
to of the game. Do you know if Boone or anyone taped it? Did you get a
stripper to go back to your place with you?

Good thing no one rode with me. I had to stay in C-town last night until
8:00p.

Also, I may be fucked for next weekend too. Let me know if you are staying
here. After next weekend, I'm coasting for work until next year.

Thanks,

Mitch Marcantel

SAP Application Services
 1100 Louisiana St. 808B
 Houston, TX 77002
 Phone: 713.277.8511 Fax: 713.277.8551
 Pager: 800-759-8888 pin1528390
            1528390@skytel.com