----- Forwarded by Sara Shackleton/HOU/ECT on 12/11/2000 08:12 AM -----

	"P. Keith Daigle" <pkdaigle@neosoft.com>
	12/08/2000 05:15 PM
	Please respond to pkdaigle

		 To: Shackleton Sara <Sara.Shackleton@enron.com>
		 cc:
		 Subject: [Fwd: Fw: Resemblance or Coincidence?]

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<bart.law@supply.ge.com>,        "Law (home), Bart & Sherry"
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"Faust, Lisa" <lisa.faust@supply.ge.com>,        "Faust (home), Lisa"
<supplybell@aol.com>,        "Dussouy, John" <dussouy@neosoft.com>,
"Doiron, Cary (SUPP)" <Cary.Doiron@gesupply.com>,        "Doherty, Dave
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Subject: Fw: Resemblance or Coincidence?
Date: Wed, 6 Dec 2000 23:59:46 -0600
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 - mayberry.jpg


Done.

K

Lester Rawson
03/13/2001 12:14 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Approval

Kate,

Please approve and autoschedule annuity 442260. For Sept. 30,  2000.

les


Here are two typical comments I've received.  We left our allies hanging out
there  -- not ot mention some of our staff.

From Carl Imparato:

This is very depressing.  And Enron's credibility is suffering greatly
(and probably deservedly) in ERCOT and other areas.  Sounds like Ron
McNamara and Kevin Presto have turned things around 180 degrees.  My
hope is that we (all of the still-unconverted true believers) can nail
down RTOWest and DSTAR before Enron can undo all of the successes in
those RTOs.

From Elena Schmid, VP, CA ISO

WHat do I hear about Enron giving up on California and adopting PJM?  What
happened in ERCOT?   I've had calls from many people asking me why the CAL
ISO is holding on to this zonal notion when even Enron has given up.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854


Attached is the Facility Agreement for Hawaii II marked against the version
we discussed this morning.  Please call Muriel McFarling at (214) 659-4461
when we have final sign off and I will e-mail you a clean copy at that time.

Chris Krecek, Secretary/Legal Assistant
Andrews & Kurth L.L.P.
1717 Main Street, Suite 3700
Dallas, Texas 75201
Phone: (214) 659-4481
Fax: (214) 659-4401
Email: ckrecek@andrews-kurth.com

CONFIDENTIALITY NOTICE:  The information in this e-mail (including any
attachments) is confidential, legally privileged and intended only for the
use of each recipient named above.  If you are not an intended recipient, you
must not read, use or disseminate this information.  If you have received
this e-mail in error, please notify the sender immediately by reply e-mail
and delete this e-mail from your computer.
VIRUS WARNING:  Although this e-mail (including any attachments) is not
intended to contain any virus or defect that may affect your computer, you
are responsible for ensuring that no virus or defect exists.  The sender
disclaims any responsibility for any loss or damages arising from any virus
or defect associated with this e-mail.

 - 265273.wpd
 - 265273.doc


Tana -

Please let me know if we have an NDA with S&P and/or Citibank.

Thanks.

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 04/09/2001 07:41 PM -----

	Craig Chaney@ECT
	04/09/2001 10:56 AM

		 To: Mark Greenberg/NA/Enron@ENRON
		 cc:
		 Subject: Letter of Intent with S&P

Mark,
Please review the attached letter of intent for S&P and Citibank.  The only
intended binding aspects of the letter is the confidentiality agreement
portion.  I would like to be able to sign it by Thursday.

Please give me a call if you have any questions.

Thanks,
Craig Chaney
Enron Credit


Karen,
The charts for station 985892 - Katy GU2 are mail outs and are not in the
office at this time for us to review.
I have asked Jackie Birch to retrieve December 2000 & January 2001 and let us
know when they arrive and
we will follow up at that time on what if anything needs to be done.
---------------------- Forwarded by Esther Garcia/GPGFIN/Enron on 02/27/2001
12:23 PM ---------------------------

Fred Boas@EES
02/25/2001 09:27 AM
To: Daren J Farmer/HOU/ECT@ECT
cc: Mark McCoy/Corp/Enron@Enron, Karen Lindley/Corp/Enron@ENRON, Charlene
Richmond/HOU/ECT@ECT, Esther Garcia/GPGFIN/Enron@ENRON, Gary
Anderson/GPGFIN/Enron@ENRON, Howard B Camp/HOU/ECT@ECT

Subject: Re: Meter 5892

Daren:

Sorry it has taken so long to get back to this issue, I am with EES now.
Karen Lindley allocates this point but I feel the need to help her because
this issue came to light while I was in transition.

Exxon allocates this point and we receive a allocation statement from them on
a monthly basis.

December 2000
The total flow at the meter was 646 MMBtu.  I copied Esther Garcia on this
e-mail so that she can look into the possibility that there is a measurement
error.  Esther will need to respond to Karen on the matter of the possible
measurement error.  Furthermore it seems odd to me that scheduling had 8,928
MMBtu confirmed at this point and only 646 MMBtu flowed.  I would ask Mark
where he got his confirmed volumes from.  As a temporary fix I reallocated
the meter and gave the total flow to Alpine Resources.  They will be short
paid in their minds until Ester and Karen can get the possible measurement
error issue resolved.  I would also suggest that Mark and Karen get together
to review the scheduling of this point so that Karen can call Exxon to
reconcile their allocation with what we have (the additional Alpine deal) at
this point.  Charlene can redraft her invoice on Monday 2/26/01 that will
show the 646 MMBtu going to Alpine.

January 2001
Again scheduling has 9,193 confirmed at this meter when on 3,241 MMBtu
flowed.  I temporarily reallocated the meter so that the entire volume that
flowed went to Alpine.  They remain 10 MMBtu short paid but Charlene can
redraft her invoice and pay them something until Mark (validity of other
deals at this point) and Karen (Exxon's allocation of this point) can get
this issue resolved.

There is also the issue with the Exxon transport at this point that was
scheduled at 1,500 MMBtu per month for the months in question.  This
transport affects the allocation at the King Ranch tailgate on the Exxon 024
contract.  I copied Howard Camp who will be training the contractor that will
take my place in Volume Management so that he can stay on top of the
resolution of this issue.

Fred

Daren J Farmer@ECT
02/23/2001 03:30 PM
To: Fred Boas/HOU/EES@EES
cc:
Subject: Re: Meter 5892

Fred,

Why is nothing being allocated to Alpine?  This is a good deal we have in
place with them and I really need the problem resolved.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 02/23/2001
03:27 PM ---------------------------

Charlene Richmond
02/23/2001 02:36 PM
To: Daren J Farmer/HOU/ECT@ECT
cc: Vance L Taylor/HOU/ECT@ECT, Donald P Reinhardt/HOU/ECT@ECT, Melissa K
Ratnala/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT, Fred Boas/HOU/EES@EES
Subject: Re: Meter 5892

I NEED HELP !    JOHN CHILDRES WITH ALPINE IS GETTING MADE AND WANTS TO BE
PAID.  I HAVE NOTHING TO PAY HIM.  HE IS LOOKING FOR PAYMENT OF DEC. 2000,
AND JAN. 2001.  JOHN NEEDS TO PAY HIS ROYALTY OWNERS.

WOULD SOMEONE PLEASE HELP ME GET THIS MATTER RESOLVED.

Charlene Richmond
02/21/2001 05:38 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: Meter 5892

I spoke with Karen Lindley about volume not being allocated.  She said that
she passed it on to Fred Boas.

Daren J Farmer
02/21/2001 04:46 PM
To: Charlene Richmond/HOU/ECT@ECT
cc: Fred Boas/HOU/EES@EES, Melissa Graves/HOU/ECT@ECT, Karen
Lindley/Corp/Enron@ENRON
Subject: Re: Meter 5892

I have done deals with John at this point.  Why are we not being allocated
any volume?

D

Charlene Richmond
02/21/2001 02:59 PM
To: Fred Boas/HOU/EES@EES, Daren J Farmer/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT
cc: Karen Lindley/Corp/Enron@ENRON
Subject: Meter 5892

I am getting several phone calls from Alpine Resources demanding to be paid
for meter 5892 and there is nothing there to be paid.

The person name doing the requesting is John Childers and he said that he
spoke to Daren Farmer.  He is looking for 859 mmbtu's for December, 2000 and
3,251 mmbtu's for January 2001 .  This is on the Katy Gas Unit.  If anyone
would like to talk to John his phone number is 281-646-0232

Charlene
X31539


Per Ray's request...
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/29/2000 05:41
PM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           08/29/2000 11:40 AM

To: Ray Hoppe/Corp/Enron@ENRON
cc: Bob Carter/HOU/ECT@ECT

Subject: ENA - Wheeling Pittsburgh Consignment

Hi Ray,

Here's what I've received from King & Spalding.  Please let me know when you
want to discuss where to go from here.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/29/2000 11:39
AM ---------------------------

"Keenan, Kevin" <KKeenan@KSLAW.com> on 08/25/2000 09:28:16 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: ENA - Wheeling Pittsburgh Consignment

Ms. Mann:

Please find attached, in response to your email yesterday to John Keffer,
(i) a memo to you discussing the status of the above-mentioned transaction,
(ii) a draft (and redline against our prior draft) of the Consignment Sales
Agreement, and (iii) a form of Consent to Priority Status to be signed by
creditors of Wheeling Pittsburgh in connection with the consignment.

Please feel free to call either John or me if you have any questions or
would like to discuss the points raised in the memo.

Best regards,

Kevin D. Keenan
King & Spalding (Houston)
713-276-7368

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

 - Consent to Priority Status.DOC
 - Redline ENA - Wheeling Pittsburgh Consignment Agreement.DOC
 - ENA - Wheeling Consignment Agreement.DOC
 - Wheeling Pittsburgh Memo.DOC


How are you this morning?
I slept really well last night.
Just trying to get some contracts written and signed up here.
It's cooler today and still very very windy. Only supposed to be 50 today, but back to 70 this weekend.

I see that houston is now offering a half marathon.......are you interested?
I wouldn't mind doing that and Andy with Pennaco said he wouldn't mind running it either.

Hope all is well.

Have a great day!!

Mike


Okay, that makes more sense. I've left a big note on Sean's desk and I'm
watching the door of the meeting for him to come out.

Kate

Evelyn Metoyer@ENRON
03/13/2001 03:24 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/13 Checkout

yes- so this is what prebon is saying on this deal 549052:
Enron buys from Pacificorp 25 mw of peak BOM Mid-C at $141.00

Thanks!!

   Kate Symes @ ECT                03/13/2001 05:11 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3/13 Checkout

Sean Crandall said the price on this is correct (241), but he thought the
deal was supposed to run through the end of the month. He was just walking
into a meeting with Tim Belden while I was trying to figure this out with
him, and he asked that I not change anything until he gets out and can look
at it more closely. A price of $141 is awfully low for a peak deal flowing at
Mid-C tomorrow - actually lower than the off-peak prices - so it sounds a
little suspicious. I'll let you know when he gets out of the meeting.

Thanks,
Kate

Evelyn Metoyer@ENRON
03/13/2001 03:11 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/13 Checkout

yes

   Kate Symes @ ECT                03/13/2001 05:02 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3/13 Checkout

549052 - del. point is already in as Mid-C, so just the price is wrong?

Evelyn Metoyer@ENRON
03/13/2001 03:06 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/13 Checkout

SORRY I gave you the incorrect deal number for this error.  Should be deal
549052.

original error:
Diana Scholtes
deal 549053    549052
Prebon shows price as $141 and delivery pt as Mid-C

Diana Scholtes
Prebon broker said our price (215) and del. point (Cob) are right

S

   Kate Symes @ ECT                03/13/2001 04:39 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3/13 Checkout

Prebon
Sean Crandall
549048 - changed to NP

Diana Scholtes
Prebon broker said our price (215) and del. point (Cob) are right

Jeff Richter
549013 - changed to APB

549010 - enron buys BP/Apr01/NP/peak/207.00 (in with Amerex - should it be
Prebon?)

Chris Mallory - just entered Williams deal

Evelyn Metoyer@ENRON
03/13/2001 02:27 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3/13 Checkout

AMEREX
All deals checked out fine

PREBON

Sean Crandall
deal 549048
Prebon shows del. point as NP-15

Diana Scholtes
deal 549053
Prebon shows price as $141 and delivery pt as Mid-C

Jeff Richter
deal 549013
Prebon does not recognize

I am missing the following:
1) Enron buys from BP Energy 25 mw of April'01 NP-15 peak hrs at $207
2) Enron buys Williams 25 mw of SP-15 of April'01 off-peak hrs at $107

BLOOMBERG
All deals checked out fine.


Dear Kate,

Thanks for your response.  It appears that we sent EES the wrong prices in
the spreadsheet that we sent to them.  Bill said he would make the changes,
so I won't bring this over to you (not yet anyway).   I also told Mark in
Houston what is happening, so this will hopefully be done.

Thanks for your help.

Virginia

   Kate Symes                03/13/2001 10:09 AM

To: Virginia Thompson/PDX/ECT@ECT
cc:

Subject: Re: EES Changes for March

Yes, that's fine if you bring the discrepancies by later. Or I can swing by
your desk to get them. I think I know why Mark is confused about the price.
At the beginning of this month we started running into situations where we
had to purchase from EES in addition to selling to them - which is all we had
been doing to cover their load before. We determined, however, that when EPMI
buys from EES, the price should be $5 less than our fixed price average for
the day. (When EPMI sells to EES, the price is $5 more than the fixed price
average.) In this way, we're still making our profit from the coverage of
their load. Either the correct price is not reflected in the spreadsheet we
sent them, or we purchased at the wrong price - we were working the kinks out
right at the beginning of March, so it makes sense that they'd have questions
regarding that time frame.

Also, I've already talked with Daniel Kang at EES to work out some
discrepancies with him. He asked about volumes at the beginning of March, but
didn't seem to have a question about price, so I'm wondering if everyone over
there is communicating with each other. Please let me know what I can do to
resolve this - and feel free to send Mark my way when he has questions.

Kate


Kim Hillis 30681 to send resume


SIVY ON STOCKS from money.com
April 20, 2001

Bigger is better

Tech stocks are coming back, and giants that dominate important markets are
likely to lead the advance. At the forefront of that group is Microsoft, as
the company's latest earnings report shows.

By Michael Sivy

"It may be that the race is not always to the swift, nor the battle to the
strong -- but that is the way to bet," said Damon Runyon, whose short
stories about the hustlers of New York City's theater district served as
the basis for the musical "Guys and Dolls." Runyon's street-smart
observation is good advice for today's stock market. It may be that almost
all computer and telecommunications stocks were hurt in the Tech Wreck of
the past year. But not all of them will rebound equally as the economy
improves. Some dot-coms are gone for good. And many small tech stocks have
permanently lost market share. But the biggest tech companies, which
dominate important industry sectors, are likely to lead a powerful advance.

The next six months will be tough for technology companies, with excess
inventories and infrastructure overcapacity afflicting industries such as
semiconductors and telecom. But the longer term outlook argues powerfully
for a rebound. Over most of the past century, stocks have gained
substantially -- as much as 65 percent -- in the 18 months following four
straight interest rate cuts by the Federal Reserve. And as soon as
investors are convinced that the worst is past and that the outlook for the
next few years will be increasingly positive, they'll begin moving money
into the most solid tech choices.

That's essentially what has been happening with Microsoft [MSFT]. The share
price dropped to less than $41 in December. But since the Fed began cutting
rates in January, the stock has climbed a whopping 70 percent to nearly $69
a share. And on Thursday, Microsoft's rebound was reinforced by a
surprisingly good first-quarter report. It wasn't that earnings were so
high -- they were only a couple of cents a share above expectations. But
both analysts and investors were impressed by how well Microsoft's
businesses are holding up.

In the first quarter, Microsoft's revenues climbed 14 percent from
year-earlier levels. Sales were particularly solid for upgrades of the
Windows operating systems used by corporations and for server software. And
though the company indicated that earnings growth for the next couple of
quarters would be flattish, the revenue outlook remains quite positive. For
next fiscal year, which begins in July, earnings are projected to improve
by a bit less than 10 percent.

That near-term growth alone can justify Microsoft's 35 P/E, based projected
earnings for next year. But investors aren't looking at current profits.
They want to know whether the franchise is strong -- and whether it's
getting stronger. The answer to both questions is yes. And since Microsoft
is a massive cash generator -- with $30 billion in liquid assets -- it
shouldn't ever have to worry about financial problems.

Microsoft provides such a broad range of software products that it can
thrive even if sales of personal computers remain low. Further, the
company's large established base of users means that upgrades can boost
revenues even when sales of new software products are unimpressive. Most
important of all, by the end of the year Microsoft will have upgraded most
of its important products. That means that the world's software giant
figures to be at the forefront of the next market advance once the current
bear market is clearly over and the economy is in an upswing again.

###

Post your comments on Michael's column at:
http://www.money.com/depts/investing/sivy/index.html

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Mark:

Since a reply was requested on or before March 23 (for out of state CLE
credit), I have RSVPed for you via the online RSVP system.  After seeing my
selections (hard copy), let me know if I need to make any changes to air,
activities, etc.

Thanks!

Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com


Just FYI - I believe you entered these deals on Jan. 16. What were you
thinking? How long have you worked here? Can you say, "wrong counterparty
name"? Also, why don't you have your own trader ID yet? Geez.

Sincerely,
Kate

P.S. Don't worry - I corrected them for you.
---------------------- Forwarded by Kate Symes/PDX/ECT on 01/18/2001 12:56 PM
---------------------------

Rhonda L Denton
01/18/2001 12:47 PM
To: Geir Solberg/PDX/ECT@ECT
cc: Kate Symes/PDX/ECT@ECT

Subject: Los Angeles Department of Water and Power

Please change deal nos. 497905 and 498198 to Los Angelese Department of Water
& Power.


A reminder of what was in the Enron goal presentation and what we did last
year.

---------------------- Forwarded by Rod Hayslett/FGT/Enron on 11/22/2000
11:33 AM ---------------------------
To: Rod Hayslett/FGT/Enron@ENRON
cc:

Subject: Goals

Rod,
Mark asked me to forward the attached files to you.
Terry


While incentivizing the deal may be helpful from a business perspective, I'm
not sure it will do much with the timing at the SEC.  As you know, there are
two major issues: (i) the integration, which we believe we have more or less
under control, and (ii) the capital structure of the resulting system, which
is dependent in the first instance on the timing of the Sierra auction.

The cap structure is a very serious issue.  There is a perception on the part
of the staff that Sierra is significantly overextended.  As you know, the SEC
generally requires registered holding companies to maintain a minimum of 30%
common equity.  Currently, the best that Sierra can offer is that they will
be at 20.8% common equity at closing, with a representation that Sierra will
increase its consolidated common equity to approximately 29 percent as a
result of: (a) proceeds from the sale of generating assets of Sierra Pacific
and Nevada Power aggregating approximately $1 billion, 100 percent of which
will reduce debt of the consolidated company; (b) proceeds from divestiture
of non-core assets, or some combination of common equity and divestiture of
non-core assets, which together would be approximately equivalent to the
issuance of $260 million in terms of impact on Sierra Pacific's equity ratio;
(c) issuance of up to $600 million of hybrid securities; and (d) increased
retained earnings realized from the combined operations of Sierra and PGE
aggregating approximately $80 million in 2000 and $100 million in 2001.

In other matters, the SEC staff has indicated that it would give "credit"
toward equity capitalization if the company has executed definitive
agreements for sale of the subject assets.  What is the status of the Sierra
auction, and how quickly will they have signed agreements?

Concerning state issues and the intervenorts, Steve Oldham and the folks from
Skadden are meeting with the GC of the Nevada Commission (at his request)
next week to clean up the Nevada issues so I don't think that will be a
problem.

What remains is the monkey wrench intervenors throw into any 1935 Act
proceeding.  Regardless of how successful we are on the above issues, the
presence of the California intervenors means that the matter must be
presented to the full SEC for consideration.  Because of the delays inherent
in that process, we will need all FERC and state issues resolved by
September, or early October at the latest, in order to have a realistic
chance at a year-end order.

The only other thing that might prove helpful would be a price escalation
provision so we could tell the SEC that there is a significant cost
associated with their failure to act in FY 2000.  There are a number of
concerns with this approach: among other things, we would have to explain to
the SEC why we're inserting it now.

I realize this is a bit long-winded but it seems we're getting close to our
last best shot at year end and I'd think we'd want to plan our strategy
carefully.

Best,

Joanne

>>> <Dwight.Larson@enron.com> 08/16/00 10:20AM >>>
A meeting with Walt Higgins has been scheduled for Thursday in Las
Vegas and attendees from Enron will be Mark, Mitch and Steve.  The
discussions will probably be more global than specific, however I'ld like
everyone to forward to me their wish list  of items so I can summarize them
for Mark prior to their meeting.  I'ld also appreciate input from everyone
on the impact of amending the stock purchase agreement ( i.e. incorporating
some incentive type payment if the deal closes this year) and the
sensitivity to the timing of that amendment. What is the impact if it is
done 1) prior to OPUC settlement, 2) prior to the Oregon Commission ruling,
or 3) before or after the FERC addresses our filing.
After collecting peoples input, I'll circulate the summary this
afternoon.
Paul , could you please forward this to Mike Morgan - I didn't have
his e-mail address.
thanks
dwight


Sara-

I understand.  Just give me a ring when you get a chance.

Thanks,

John

	Sara Shackleton@ECT
	06/09/2000 11:36 AM

		 To: John Viverito/Corp/Enron@ENRON
		 cc:
		 Subject: Re: UK and Australian Arrangements for Trading on Behalf of ENA
Through a Facilitating Agent to Avoid Categorization as a Permanent
Establishment

I haven't forgotten.  We've been short staffed and swamped.  Sara

	John Viverito@ENRON
	06/08/2000 03:54 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: UK and Australian Arrangements for Trading on Behalf of ENA Through
a Facilitating Agent to Avoid Categorization as a Permanent Establishment

Sara-

Pursuant to my voicemail message of yesterday, it would be very helpful if
you would assist me in locating the Service Agreements relating to the
captioned matters.

Thanks,

John


Hey you, sorry to bother you while you're trying to work.  I will try to
restrain myself.  Have you talked to Joey yet?  Hope he forgets to mention
that we had drinks last night, cuz Alicia knows NOTHING.  Have you made an
appt for your ankle yet?

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp


Hello Mark,

Justin Boyd told me that your can help me with questions regarding Chile.
We got a request for guest access through MG.
The company is called Escondida and is a subsidiary of BHP Australia.

Please advise if I can set up a guest account or not.
F.Y.I.: MG is planning to put a "in w/h Chile" contract for Copper on-line as
soon as Enron has done the due diligence for this country.
Thanks !

Best regards

Diana Seifert
EOL PCG


David,

I am leaving for vacation this weekend and I haven't received the copy of
your presentation yet.
The window during which I could make changes to my presentation is closing
very fast. Let's
do the following: I shall keep my presentation as is (this means that I shall
use the copy of my
presentation I sent to Dawn Scovill  and you this week). If there is an
overlap between our presentations, so be it.

Dawn, please use the copy of my presentation I sent you earlier this week.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/17/2000
04:33 PM ---------------------------

Vince J Kaminski
03/16/2000 08:02 AM
To: "Dawn Scovill" <dawn@perfectmeeting.com> @ ENRON
cc: sobotkad@kochind.com, Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Presentation

Dawn,

I met David Sobotka from Koch this morning and we talked about  coordinating
our presentations.
This means there will be changes intended to avoid overlaps. Sorry for that.
The portions of my presentation
will survive (those about valuation paradigms) and I shall add a few more
pages on accounting treatment of weather derivatives
plus more specific examples. David will cover primarily market evolution +
plus examples of some
standard structures, and we shall both give more interesting examples of
specific deals executed by our companies.

I shall send you an updated version of my part next week. Let me know what
the deadline is.

Vince

"Dawn Scovill" <dawn@perfectmeeting.com> on 03/14/2000 07:53:47 AM
To: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject: Re: Presentation

Thanks -- would you like me to include these in the conference book? or do
you anticipate changes?

Dawn
************************************************
FROM:  Dawn Scovill, Conference Coordinator
"Powerful New Ideas 2000"
dawn@perfectmeeting.com

----- Original Message -----
From: Vince J Kaminski <Vince.J.Kaminski@enron.com>
To: <dawn@perfectmeeting.com>
Cc: Shirley Crenshaw <Shirley.Crenshaw@enron.com>; Vince J Kaminski
<Vince.J.Kaminski@enron.com>; Vince J Kaminski <Vince.J.Kaminski@enron.com>
Sent: Monday, March 13, 2000 1:56 PM
Subject: Presentation

>
>
> Dawn,
>
> I am sending you an electronic version of my presentation.
>
> Vince Kaminski
>
> (See attached file: fpl0400.ppt)
>


Please note the following addition to the EPMI credit reserve:

Counterparty:	Mesa, City of
Deal No:		765297
Deal Date:   	9/6/01
Deal Specifics:	EPMI sale, 10mw/h, July/Aug only, peak
Term:		7/1/02 to 8/31/12
Delivery Point:	Pinnacle Peak
Fixed Price:		$53.25
Marketer:		Paul Choi/Matt Motley

Counterparty:	Mesa, City of
Deal No:		765250
Deal Date:   	9/6/01
Deal Specifics:	EPMI sale, 15 mw/h (May-Aug), 20 mw/h (Sept), peak
Term:		5/1/02 to 9/30/12
Delivery Point:	Pinnacle Peak
Fixed Price:		$46.75
Marketer:		Paul Choi/Matt Motley

Counterparty:	Mesa, City of
Deal No:		765268
Deal Date:   	9/6/01
Deal Specifics:	EPMI sale, 20mw/h, baseload
Term:		6/1/03 to 5/31/13
Delivery Point:	Pinnacle Peak
Fixed Price:		$36.12
Marketer:		Paul Choi/Matt Motley

Counterparty:	Electrical District Number Two, Pinal County
Deal No:		765306
Deal Date:   	9/6/01
Deal Specifics:	EPMI sale, 6 mw/h (June-Aug), baseload
Term:		6/1/02 to 8/31/07
Delivery Point:	Pinnacle Peak
Fixed Price:		$43.50
Marketer:		Paul Choi/Matt Motley

Counterparty:	Electrical District Number Two, Pinal County
Deal No:		765317
Deal Date:   	9/6/01
Deal Specifics:	EPMI sale, 5 mw/h (May-Aug), peak
Term:		5/1/02 to 8/31/12
Delivery Point:	Pinnacle Peak
Fixed Price:		$46.75
Marketer:		Paul Choi/Matt Motley

Credit Reserve for all deals above:  $930,000 (U.S. dollars)

Comments or questions, please reply.

Ed Sacks


This is a long one....

EXECUTIVE SUMMARY
? California Senate's MOU Debated in State Assembly
? Coordinating the California Legislature
? CPUC's Rate Setting Authority In Question
? Highlights from the SoCal Investor Conference Call

MOU
As reported earlier, SB 78XX (the leading SoCal rescue adopted by the CA
Senate) has undergone minor amendments by the California Assembly.  Three
important revisions on the bill are:
? In regard to commercial rates, the assembly has now left open the
definition of large or "industrial users" by eliminating the previous 500
kWh+ usage requirement.  This change could enable the Assembly to categorize
either smaller or larger consumers into the industrial/commercial user status
? The bill would not become effective unless SB 39XX is signed into law.  SB
39XX  (authored by Sen. Speier) is regarding the CPUC,s authority over
utilities and generators in California; it places certain generation that was
purchased by Reliant, Dynegy, etc. from the utilities after deregulation
under PUC authority.
? The State,s purchase of the SoCal Ed. transmission lines has been removed.

AB 82XX was also revised by the Assembly with many of the deleted provisions
duplicate in SB 78XX, such as the conservation lands and the option to buy
the transmission lines.  Additionally, AB 82XX can not be enacted unless SB
1XX (the windfall profits bill) is signed.  The joining of 78XX to SB 39XX
and of 82XX to 1XX is very likely a method by which the Assembly is
pressuring the governor to sign these other bills, which otherwise might not
have been enrolled.  However, the joining of these bills makes their passage
more difficult.  The remaining provisions of AB 82XX are as follows:
? Renewables Portfolio
? Direct Access
? Ratepayer Refund Account (changed the name to Ratepayer Benefit Account)
? Balancing Account for SCE procurement of power
? DRC replaced with non-bypassable charge option for MOU.  This includes
reference to balancing account, recovery of reasonable procurement costs, and
the prohibition of reasonableness review on contracts by PUC.

Putting the MOU to a Vote
The Speaker feels that everything in these bills has been discussed already,
so nothing is really new. Hertzberg met with advisors Wednesday night (10:00
pm) to decide if the Assembly will convene on Friday. It probably has a lot
to do with the ability to get enough members' support of these measures and
willingness to go back to Sacramento. Many are vacationing; some in other
countries. If there is an Assembly session on Friday, he plans to have an
informational hearing on the measure today.  If the Assembly,s session fails
to convene Friday, it is unclear what he intends to do.  On the other side of
the equation, it is unlikely that Senator Burton will bring the Senate back
into session to approve this bill.  The Senate won't even consider it until
it comes back from recess, but the Assembly feels it is their responsibility,
thereby putting the onus back on the Senate. Apparently there is really no
coordination between the leadership of the different houses.
While SB 78XX and AB 82XX are the most publicized bills, neither bill will be
the actual legislative vehicle for these provisions.  The proposed content of
these bills will be amended into other bills which are further along in the
process, thereby eliminating the need to waive a number of rules and hold
numerous hearings.  This will speed up the process. Apparently the Speaker's
office has not yet identified the actual bills that will be used. But they
hope to find bills that are so far along in the legislative process that if
the Assembly passes the bills they will not be able to be amended in the
Senate.  It does appear that the Assembly does intend to send these through
as two separate bills, though, with the SB 78XX provisions in one bill and
the AB 82XX provisions in another.

CPUC, Rate Setting Authority or Rate Setting Minority
Recently, the California Assembly has pursued a legislative provision that
would enable lawmakers to abrogate the CPUC,s rate-setting authority and hand
over that power to the California legislature.  Politically, this gives the
Governor the ability to say, if rates increase automatically, that he did not
approve of the rate increase, and there is nothing he can do about it.  But
it also gives Wall Street buyers of California,s revenue bonds assurances
that no matter what the need, there will always be enough revenue to back
revenue bonds payments; thus deniability to ratepayers and certainty for
bondholders.

Were this provision to pass, the CPUC would still retain oversight of rates
for the investor owned utilities.  As for DWR, under the draft rate agreement
proposed by the CPUC, it contains a mechanism for the Commission to use in
setting electricity rates that satisfy DWR,s &revenue requirement.8 DWR,s
revenue requirements include bond-related costs, operating costs (such as
power purchase costs), and administrative costs.  AB1X provided for
energy-related bonds to be sold by the state to support DWR,s power
purchases.  Because power contracts require DWR to pay for power before it
makes bond payments, and DWR must sell power to obtain revenues, the
rate-setting mechanism in the rate agreement also applies to DWR,s power
purchases not just its bond payments. Note that if the Commission adopts a
rate agreement, it becomes irrevocable.
? -The draft agreement also includes a provision stating that the CPUC will
take the DWR at its word as to its retail revenue requirements.
? The agreement would require that the CPUC set rates meeting DWR,s
requirements in either 30 or 90 days. The 90-day mechanism applies whenever
DWR submits a revenue requirement. The 30-day mechanism applies when DWR
anticipates or actually draws on its reserves.
? The rate agreement includes an enforceable covenant by the CPUC specifying
how the Commission will set rates to meet DWR,s revenue requirements (which
includes both bond costs and operating costs).

If the CPUC,s draft rate agreement is approved, there will be no legislative
or PUC oversight of any of those costs, and no opportunity for public comment
for as long as bonds are outstanding.  If a rate agreement can be avoided,
there will be opportunities to review and alter the agreement,s demand
management and administrative costs.  Either way, power contract costs remain
an obligation of DWR and cannot be altered except by mutual consent of DWR
and the contractor.

SoCal Edison Investor Conference Call
The following are notes from the SoCal Edison conference call with holders of
defaulted debt, 24 July 2001, 1:30 PDT:

? In order for California to sell their revenue-bonds with an investment
grade rating, two criterion must be met; 1) there must be a rate-supported,
dedicated revenue stream in place and 2) the legislature must have the power
to override of the CPUC's rate setting authority and raise rates if
necessary.  The second criterion, however,  faces significant opposition from
the California State Constitution.
? Regarding the DWR rate requirement, Craver, the spokesperson for SoCal,
stated that SoCal is evaluating the numbers, particularly on the DWR side.
He stated that if you accept their output of models and numbers, it appears
this requirement would fit within the existing rate structure.  However, "we
need to remember that deregulation started with forecasts that proved to be
wrong".  Therefore, this is "risky" in that SoCal is faced with "fixed
revenues and floating costs."  Unlike DWR, SoCal has no ability to adjust
rates based on costs, making floating natural gas prices a risk.
? Prudential asked, if based on the Hertzberg legislation, the sale of the
transmission assets is now off the table.  SoCal responded that this is
correct.  Prudential asked if SoCal could then anticipate more
securitization, i.e., be securitized for all but $500 million with an option
to buy the transmission assets at book for 5 years.  SoCal responded that it
was "unclear what the pricing [of the transmission assets] would be, but
there would be an option" for the state to purchase the transmission assets.
? Prudential asked about the status of the remaining (non-legislative)
implementing decisions on the MOU and if the legislation (78XX and 82XX)
contains them.  SoCal responded that there are 3 outstanding issues remaining
for implementing the MOU:
 1) Ratemaking for the utilities' retained generation:  The PUC is holding
hearings on this issue this week.  These hearings have slowed the process. A
decision is expected by the end of August.
 2) A procurement plan for the utility: This plan is before the PUC.  SoCal
suggested the PUC may be waiting to see what passes the legislature before
acting on this point.  Regardless, the company needs an "adequate balancing
account with an automatic rate trigger."
 3) Clarification on the utility holding company's position regarding 1st
priority:  On this front, the PUC asserted its jurisdiction over all three
utilities and their holding companies.  The three holding companies have
challenged this decision.  Commissioner Bilas has written a draft decision in
favor of the challenge; a final decision is expected as soon as Thursday.
This would clarify that the utilities have first call on investment from the
holding companies, but that the holding companies are not obligated to pay
the debts of the utilities.
? Deutsche Bank asked if, in SoCal's numbers reported to date, it was
assuming the charges for ancillary services.  SoCal responded that DWR had
confirmed as of 18 January that it would pick up these charges.  These
charges would otherwise amount to $800 million - $1 billion in additional
revenue requirement for the utility.  Based on FERC rulings, SoCal had not
been counting on paying these charges, so they are not reflected in the
company's numbers.  However, SoCal will be paying grid management and uplift
charges.  They anticipate paying "some portion" of these charges.  This could
potentially require an amended URG filing.
? Citigroup asked where Edison stands on the Edison Mission Energy issues.
Edison responded that they are "working on new facilities on the bank side."
The current facilities expire on October 10th or 11th.  Edison indicated it
is in the process of finalizing sales of approximately 1,000MW of
non-strategic assets.  They are in negotiations with the final bidders except
for Hopewell, which is done.  There is no specific timeline on when the deals
will be announced, but it is a matter of days to a week.
? Appalucia Management asked if, on SoCal's generation, DWR is assuming a
cost-plus or retail rate.  SoCal responded that it uses cost-of-service based
rates.  The return on the 12/31/00 rate basis is approximately 4 1/2 cents.
The $72.77 stipulated covers SoCal's generation, its contracted generation,
QF costs (which were quoted as the most significant portion) and
uncollectables.  This is driven by gas costs for the QFs.  Revenue is fixed
at $73.00.


- intelligentietest.htm


Please forward this to those who agreed to sign on
-----Original Message-----
From: Dan Douglass [mailto:douglass@energyattorney.com]
Sent: Thursday, September 27, 2001 3:06 PM
To: ARM; 'Fairchild, Tracy'; Norm Plotkin; Gary Ackerman; Vicki Sandler; Anderson, Robert; Merilyn Ferrara; Herb Zinn; John Yurkanin; Max Bulk; Steve Huhman
Cc: Lon W. House; Scott Blaising
Subject: Direct Access Application for Rehearing
Importance: High

Attached for your review and comment is a third draft of the application for rehearing.  The main changes are (1) the addition of several more parties (and will those who arranged for these parties to sign on PLEASE forward a copy of this draft to your contacts so that they get to see it and know how to contact me with any comments or suggestions); and (2) a legislative history section which summarizes the various pertinent bills and resolutions.

Please reply with any comments or suggested changes as soon as possible.  Thanks!

Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.  Suite 244
Woodland Hills, CA 91367
Tel:   (818) 596-2201
Fax:  (818) 346-6502
douglass@energyattorney.com <mailto:douglass@energyattorney.com>


Ava, would you please print these off for me on a colored printer.  Thanks. Lynn

-----Original Message-----
From: Brown, Sharon
Sent: Tuesday, September 11, 2001 7:19 AM
To: Alvarado, Jesse; Armitage, Roy; Barnes, Rodney; Barry, Richard; Braswell, Keith; Calhoun, Rory; Coash, Steve; Cochran, Jeffrey; Cummings, Helen; Ellington, Michael; Hall, Margaret; Hardy, Crandal; Henley, Gaynel; Monden, Bart; Moore, Jeff; Munson, Robert; Spain, Ron; Welsh, Edward; Adams, Jean; Barry, Patrick; Benningfield, Robert; Blair, Jean; Bodnar, Michael; Bryan, Randy; Buchanan, John; Callans, Nancy; Carr, James; Clapper, Karen; Forbish, Sherry; Giambrone, Laura; Greaney, Chris; Hernandez, Bert; Hibbard, Scott; Janzen, Randy; Kowalke, Terry; Linhart, Joe; McDaniel, Janet; McEvoy, Christine; Miller, Beverly; Miller, Chris L; Minter, Tracy; Mulligan, Amy; Perry, Renee; Porter, Diana; Scurlock, Debra; Sturr, Kathy; Vaughan, Cara; Walden, Shirley; Ward, Linda; Washington, Kathy; Wilkens, Jerry; Woodson, Harry
Cc: January, Steven; Blair, Lynn; Garcia, Ava
Subject: FW: Winter Ops Presentations
Importance: High

FYI - These all of the speaker presentations at our meeting in Kansas City on September 6-7:

-----Original Message-----
From: Kuehl, Toby

The presentations have been posted to NNG's "Download" Site at <http://www.nng.enron.com/dob/etfr_downloads.html> at the bottom of the page. These presentations will be hard to email due to the size of the them.  My suggestion would be if a customer wants to save the presentations on their PC, the easiest way to do this is:

1. Right mouse click on the presentation link
2. "Save target as"
3. Pick the directory where you want to save it
4. Click on "save"

This will download the presentation or presentations they wish to save to their PC.

Thx,

Toby


---------------------- Forwarded by Darron C Giron/HOU/ECT on 04/18/2001
09:43 AM ---------------------------
From: Russell Diamond/ENRON@enronXgate on 04/18/2001 09:34 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron, Veronica Espinoza/ENRON@enronXgate, Darren
Vanek/ENRON@enronXgate
cc:
Subject: Credit Report -4/18/01

Counterparty    TAGG#
Action
AEP Energy Services Ltd  v38781.1,v38820.1, v38836.1 Rebook to AEP Energy
Services, Inc
 "    v38853.1, v39705.1   "
Angus Energy, Inc.   v39878.1   Pending Brant Reves
Bank of America Corporation  v39653.1, v39655.1  Rebook to Bank of America,
Nat'l Assoc.
City of Palo Alto    v39713.1, v39713.1, v39741.1 Pending Jay Williams
Cross Timbers Oil Company  v37619.1, v37860.1.2  Pending Jay Williams
Engage Inc.    v38646.1, v39926.1  Rebook to Engage Energy Canada LP
Idaho Power Company   v39821.A   Rebook to Idacorp Energy Solutions LP
Ospraie Portfolio Limited   v39863.1   Rebook to The Ospraie Portfolio Ltd
TransCanada Energy Ltd   v38459.1   Rebook to TransCanada Energy Financial
Products
Westport Petroleum Inc   v39866.1.2   Pending Rudwell Johnson


Jim:  thanks for the referral.  I'll look forward to hearing from Mr. Johnson.  Hope all is well and that you aren't pulled off to India for another stint.  Marc

	   James Derrick/ENRON@enronXgate 05/30/01     05:38 PM 	    To: Marc Manly/HOU/NewPower@NewPower   cc:    Subject: Eric Johnson

Marc, I met this morning with an acquaintance, Eric Johnson, with respect to a product that he thought might be of interest to Enron. In our discussion it became apparent that his product is not an obvious fit with Enron, and he asked about the possibility of discussing the product with the New Power Company.  I gave him your name and number with the thought that you might direct him to the appropriate individual on the business side.  Jim


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Now you can save hundreds of dollars off the standard summer fares to Europe. Families can earn up to quadruple airmiles. You can also receive a free stopover in London and three free hotel nights. Depart June 17 - September 12, 2001 for as low as $598 roundtrip, children two-11 $448 roundtrip. These prices are available for travel to Paris, Amsterdam, Brussels, Dublin, Shannon, Copenhagen, Stockholm, Oslo and many more. Yes all of the above (cheap fares, a free stopover in London, three free hotel nights in London and quadruple airmiles) for as little as $598 for peak summer travel. Take off to Europe by June 16, 2001 and your airfares (including a free stopover in London) to all these European cities start at only $398 roundtrip, children (ages two-11) for $298 roundtrip. This special promotion is also available for the peak summer and early fall season (June 17-October 12, 2001) to Frankfurt, Munich, Hamburg, D?sseldorf, Berlin, Rome, Milan, Madrid, Barcelona, Zurich and more from $658 roundtrip, children two-11 for $494 roundtrip. If you depart by June 16, fares are as low as $458 roundtrip, $344 roundtrip for children two-11. Now you can see more of Europe for less, earn up to quadruple family airmiles, get a free stopover in London and earn three free hotel nights in London. This offer has not been available in the past five years. Now it's yours for the taking. Visit
http://www.bestfares.com/travel/desks/story.asp?id=18167
and if you still don't see what you're looking for, visit
http://www.bestfares.com/travel/desks/story.asp?id=20010
for savings up to $700 off.
TAKE OFF TO CANADA AT BELOW WHOLESALE FARES THROUGH JUNE 14, 2001
Even through we are super-proud of our special reduced airfares to Europe, wait until you see these below wholesale fares to Canada, for travel through June 14, 2001. Many of these discounted fares only require a three- or seven-day advance purchase. How about a last minute jaunt for Memorial Day? Sample airfares to Toronto, Montreal or Ottawa include Pittsburgh at $113; Louisville, Milwaukee, Kansas City, Austin, San Antonio, New Orleans, Greensboro, Raleigh, Charlotte, Jacksonville, Tampa, Orlando, Fort Lauderdale and Miami at $123; Phoenix from $159; San Diego, Los Angeles, San Francisco and Seattle start at $172; and Colorado Springs, Albuquerque or Portland (OR) start at $185. Visit
http://www.bestfares.com/travel/desks/story.asp?id=55
FINAL 8 DAYS: COAST-TO-COAST BETWEEN 58 U.S. CITIES $174 RT THROUGH SEPT. 10, '01
This summer, if you want to fly from Seattle to Fort Lauderdale or San Diego to Providence, you can find airfares from Bestfares.com for as little as $174 roundtrip. Travel is valid through September 10, 2001. Portland (OR) to 34 U.S. cities is $174 roundtrip or Los Angeles coast-to-coast is $174-198 roundtrip. If you want to travel this summer a la cheap, visit
http://www.bestfares.com/travel/desks/story.asp?id=15796
HOTEL RESERVATIONS NETWORK
Need a hotel room? Look no further because HotelDiscounts.com is the place to find great deals at great prices. HotelDiscounts.com provides up to 70 percent off on hotels in major cities worldwide with guaranteed lowest rates. Book online at
http://www.hoteldiscounts.com/cgi-bin/pickcity?SID=NW2&LKF=NW2
FINAL 8 DAYS: OVER 200 U.S. CITIES ON SALE FOR $162 OR LESS THROUGH SEPT. 10, '01
Where in the U.S. can you fly for under $162 roundtrip? Here at Bestfares.com, we have over 200 U.S. city pairs on sale to save you big bucks. How cheap? How about San Diego to Austin or San Antonio for $141 roundtrip with no fuel surcharge? Kansas City to Las Vegas, $125 roundtrip; Nashville or Columbus (OH) to Las Vegas, $161; Los Angeles to Oklahoma City, Columbus (OH), Little Rock, Omaha or Kansas City, $143 or less; New Orleans to Tulsa, San Antonio, Indianapolis, Raleigh or Providence, $143 roundtrip. Now, for the really cheap fares: New Orleans to Kansas City or Hartford, $99 roundtrip or Columbus (OH) to New York City, Boston, Philadelphia or Washington (DC), $89. Remember, these are only a few of the cities that are on sale this week. Check out
http://www.bestfares.com/travel/desks/story.asp?id=16526
CHILDREN (AGES 2-17) FLY TO SYDNEY OR AUCKLAND FROM $99 RT
This summer, if you have travel plans for either Auckland or Sydney with children (ages two-17), you could be taking the kids for as little as $99 roundtrip! The adult fares from Los Angeles or San Francisco are $1,198 roundtrip. Combine that with a child's fare of $99 and your total would be only $1,299 or $650 roundtrip per adult and one child. Departures are valid between May 1 and August 31, 2001 with returns by September 30, 2001. Travelers departing from other U.S. cities might pay higher children's fares, the most expensive is from the East Coast where the fare is $524. If you have plans for your family to go to the South Pacific this summer, this is the deal for you. Visit
http://www.bestfares.com/travel/desks/story.asp?id=14455
CARIBBEAN SALE FARES FROM $328 THROUGH SEPT. 30, '01
It doesn't get much better than our warm and sunny, relaxing and restful Caribbean sale. Travel to the Caribbean tropics is always a hot topic, and we have some hot deals for you. Get away to the Caribbean islands for a relaxing spring or summer sojourn. Fares begin at only $328 roundtrip for travel through September 30, 2001. You can save up to 50 percent to a selection of 15 Caribbean cities, including Aruba, Bermuda, Cancun, Grand Cayman, Montego Bay, Nassau and four other Bahamian destinations, St. Croix, St. Maarten, St. Thomas, San Juan, and Santo Domingo. You can depart from over 40 U.S. cities on the East Coast and in the Southeast from just $328 roundtrip. The average published fares usually range from $658 to $798 roundtrip. From the Midwest, fares are only $428 roundtrip and fares are $458 roundtrip from the West Coast. To delight in Caribbean savings, make a break to
http://www.bestfares.com/travel/desks/story.asp?id=647
BESTFARES.COM IS NOMINATED FOR THE 2001 WEBBY AWARD
We are most honored by our nomination by The International Academy of Digital Arts and Sciences for a 2001 Webby Award for our new, improved site. Hailed as the "Oscars of the Internet," The Webby Awards are an eminent honor for Internet sites. The 5th annual Webby Awards will take place on Wednesday, July 18 in San Francisco. Two honors are presented in each category: The Webby Award and The People's Voice Award. Judges from The International Academy of Digital Arts and Sciences select the nominees for both awards, and the winners of The Webby Awards. The online community determines the winners of The People's Voice Awards. Show your support by visiting http://www.webbyawards.com , clicking on the People's Voice Awards and voting for us. Register with your email address and you will receive a password in your email almost immediately. People's Voice Awards voting runs through July 4.
THIS WEEKEND'S ONLINE TRAVEL DEALS AT A GLANCE
We love to save you money but we like to save you time too. Some travelers spend hours looking for the best prices for last-minute weekend travel getaways. Bestfares.com travelers can get the job done in minutes. Every Wednesday, we compile current Internet specials into easy-to-use online summaries. We cover domestic and international airfares, hotels and car rental discounts, giving you comprehensive coverage for one-stop shopping. Spot the deal that suits you best and get a jump on other travelers who will be vying for the same seats, rooms and cars.
For This Week's Major Airline Internet Discounts,
http://www.bestfares.com/travel/desks/story.asp?id=20641
For This Week's Car Rental Internet Discounts,
http://www.bestfares.com/travel/desks/story.asp?id=20640
For This Week's U.S. & Canada Hotel Internet Discounts,
http://www.bestfares.com/travel/desks/story.asp?id=20639
For This Week's International Hotel Internet Discounts,
http://www.bestfares.com/travel/desks/story.asp?id=20638
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I hope that your holiday was wonderful.  Nikki told me that you would be
working from home today, but I decided not to bother you there.  I will try
to have Patti connect me with you during my commute on Tuesday morning.  I
start with a 7:30 meeting (Houston time), so I should be in my car from 6:30
to about 7:15.

I let Nikki know about a rescheduled date from Rick's PRC last week.  I don't
think that there had been any widespread communication about the new date of
June 27.  Will you still plan to come to Houston next week?  I have scheduled
dinner for us on Wednesday evening, assuming that you will still make the
trip.  Just let me know.  Will you also be back for the meeting on June 27?

Before you left for vacation I had tried to reach you regarding the MG
acquisition.  That should make life fun for you!  I wanted to talk about
resources and how I might be able to help in both the further due diligence
efforts and longer term in the assimilation.  As in my voice mail, I believe
that a doorstep review of trading locations would be critical, both from a
controls perspective and from the perspective of an up close view of how they
run their business.  It seems that might help jump start the plans around how
best to assimilate the business.  I had suggested my new hire, Shona Wilson,
as a potential resource and then there are several of us who have already
been involved in doorstep reviews that could be involved both in the US and
in other locations.  Brent has forwarded a memo to me from Naomi Connell  who
seems to be formulating a plan for the doorstep reviews.   I don't know the
names that she mentions (other than Tani Nath), and I am sure that she is
unaware of additional resources from Houston that could be used.  We can
hopefully talk about that tomorrow morning.


when is your bachelor party?


...try not to get the juice in your eyes, it really stings

Well, I'm sure you've already heard through Mom...but I think things may be
kaput with Ted.  I say "think" because he hasn't said anything one way or the
other, it's just a vibe I have.  So I don't think you guys are going to have
a chance to meet him while your in Houston.  Oh well, it was definitely fun
while things were going well so I suppose I should focus on that.  I just
want to know why guys can be such, as dad would say, chicken shits (excuse my
language but the description fits).

But enough about me...So how are things with you guys.  I hope all is well
and that you're taking full advantage of all the 'culture' surrounding you.
We went to the first football game of the season Saturday (against Louisiana
Lafayette).  Texas won 52-10, and you wouldn't know if from the score but the
1st quarter was a little bit scarey (0-10).  Simms started the game but only
played about 2 series before they yanked him and put Applewhite in to put
some points on the board.  Simms did come back in the second half and through
a touch-down pass.  The family's good and we're all excited to see you guys
in the near future.

Write back soon,
Susan

******** Humor is the best medicine.********

So I'm thinking of taking the T-shirt Ted gave me from Beaver Creek and
writing this on the back of it...

I dated Ted Noble and all I have to show for it is this lousy T-shirt.

Dont'cha love it?


Barbara Whitney
5042 Brighton Ln
Richton Park, IL 60471
bwhitney@eb.com

To Mr. Ken Lay,

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

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

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

Sincerely,

Barbara Whitney


---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on 12/27/99
08:10 AM ---------------------------

Marianne Stiles
12/27/99 07:27 AM

To: Morgan Sharifi/CES/ColumbiaGas@ColumbiaGas
cc: Noel Bartlo/CES/ColumbiaGas@ColumbiaGas, Paul
Drexelius/CES/ColumbiaGas@ColumbiaGas
Subject: Revised CNG deliveries - Hope #'s Jan 00

Here are the final numbers to my retail deliveries.

 - Book2.xls


Susan:
We are ready to execute the ISDA with El Paso.  Here are the schedules and
the Enron Guaranty.  Please coordinate with John Shuttee at El Paso the
execution of the docs.  His number is 420-7168.  I just sent him the form of
Guaranty  taht we want them to use and I will forward to you that e-mail.
Thanks.

Carol


Diane,

This is my budget:

Vince


As a follow up to my email from last Friday (attached below), here is a detail breakout of  "Non-Elective Maintenance"  by each system.  I look forward discussing this with you.

Regards,
Inja Chun

 -----Original Message-----
From: 	Chun, Inja
Sent:	Friday, November 02, 2001 5:18 PM
To:	Pearce, Barry
Cc:	Pickering, Mark; Beck, Sally; Piper, Greg; Fallon, Jim
Subject:	Non-Elective IT Support Staffing for EBS -  2002
Sensitivity:	Confidential

Following this week's discussions, we have recalculated the absolute minimum number of people required to keep your present systems in production.  In recalculating this number, we have eliminated everything except that which is required for "non-elective" maintenance.  Although many of the systems have been in operation for some time, we still frequently encounter problems which interrupt production.  Such events require emergency attention and are what we refer to as "non-elective" maintenance.  Therefore, in recalculating these support staff, we have excluded any effort for improvements or other changes that the users have previously identified for next year's work.  Also, we are suggesting excluding any further effort on the Saber Settlement, GeoQual, Market Intelligence, DPC Tax & Media Services systems which we will simply wrap up as those are and put them in "moth balls" for possible future use.  As the result of this process, we have come to a core minimum number of 19 people required to simply ensure that the remaining systems continue to function.  The only way that we can logically reduce this core number any further would be to "turn off" other production systems.  Although we recognize that the concept of turning-off other production systems is unattractive, it would be far better to have this happen in a planned, orderly fashion than having them crash in an unrecoverable condition later.

Regards,
Inja Chun

 -----Original Message-----
From: 	Chun, Inja
Sent:	Friday, November 02, 2001 10:55 AM
To:	Pearce, Barry; Pickering, Mark; Beck, Sally; Piper, Greg
Subject:	ENW/EBS - IT Support for 2002
Importance:	High
Sensitivity:	Confidential

As we discussed at the Lunch meeting yesterday, we have previously reviewed all of the EBS systems to determine the minimum staffing required to keep the system operational (maintenance) and to meet any currently identified modifications (future development).  The summarized numbers are shown on the attached cover sheet by each system with accompanying backup details.  The details cover major functionalities of systems, magnitude of system (i.e. # of deals, # facilities) and other information that Greg Piper asked in the meeting.  Also shown on the last column is an estimate of the impact on our users and customers, if the computer systems were no longer available.   I look forward to discussing these issues with you on Monday, and please let me know if you have any questions in the meantime.

	 << File: EBS-IT 2002 Staffing Estimate.xls >>

          << File: EBS Systems Diagram.vsd >>
Regards,
Inja Chun


In today's edition of the Daily Update, equity research columnist John
Filar Atwood discusses the new opportunities for wireless stocks in the
brave new "defensive" world headed up by Tom Ridge, secretary for
homeland defense.  Also today, eMarketer senior analyst Ben Macklin
explains which telecom sector offers the most hope for growth.

If you're interested in broadband technology, you might want to read
what Morgan Stanley has to say about Polycom (PLCM); sign up for the
firm's free research trial available only to Multex Investor members like
you.

You can link directly to our research page, which features synopses
of broker and free reports, and a link to the Morgan Stanley free research
trial, by clicking here:
http://www.multexinvestor.com/article.asp?docid=6126&nd=0121

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Below
--------

- Investment ideas
- Broker and third-party research
- Online advice and chats
- Free and sponsored reports

Investment ideas
-----------------------------------------

1. INVESTMENT IDEAS
Homeland defense may be catalyst for troubled wireless companies
Wireless stocks have tumbled in 2002, but $10 billion in national security
spending offers some long-term hope

by John Filar Atwood, equity research columnist

The news just keeps getting worse for wireless stocks. They have fallen
for three straight weeks amid reports from Verizon (VZ) and others that
subscriber growth is much slower than expected due to the struggling
economy.

The downward spiral continued after a few analysts recently downgraded
the entire sector. Without any positive developments to cling to, investor
pessimism appears to be feeding on itself. So far in 2002, the
Philadelphia Stock Exchange's wireless telecom index is off by 7.7
percent.
Click here to read more.
http://www.multexinvestor.com/article.asp?docid=6136&nd=0121

2. INVESTMENT IDEAS
Demanding times
While capital expenditures have ground to a halt, one sector offers hope

By Ben Macklin, senior analyst, eMarketer

Has the telecom sector "bottomed out?" This is a question many
investors and those associated with the industry would like answered.
Certainly the US telecom sector has experienced a significant downturn
over the last 18 months, with tens of thousands of job cuts and capital
spending slashed. According to Lehman Brothers, 2002 will see a 20
percent reduction in capital expenditure (capex) across the sector.
Internationally, Merrill Lynch estimates that capex will also
decline in the Asia/Pacific, Europe and, most especially, the Latin
American telecom sectors in 2002.
Click here to read more.
http://www.multexinvestor.com/article.asp?docid=6125&nd=0121

======================== Sponsored by =========================

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Few profited as handsomely as Steve Harmon in today's market
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yet to come! Get a jump on 2002 with a FREE 30-day trial:

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

Broker and third-party reports
-----------------------------------------

1. INVESTORS' CHOICE: 3-DAY FAVORITE
The 451 discusses Cisco's (CSCO) new focus on the mobile wireless
market.

This report examines IP infrastructure spending, the next-gen
Internet and network architecture layers, Cisco's strategic
alliances and mobile business customer targets, and advanced e-
services and content applications. (2-page report for purchase -
$5)
http://www.multexinvestor.com/download.asp?docid=5676705&nd=0121

2. TODAY'S SPECIAL REPORT
Lehman Brothers presents its case for investing in the biotech sector.

In the report, a sector overview, discussion of drug launches, potential
drug approvals, investment recommendations, risks, potential acquisition
targets, PEG valuation analysis, top picks (3 large cap, 4 mid-/small-
cap), 12 figures. (21-page report for purchase - $75)
http://www.multexinvestor.com/download.asp?docid=25976283&nd=0121

3. EDITOR'S PICK: CURRENT RESEARCH FROM THE CUTTING EDGE
Prudential explains why it expects hotel-oriented REITs to outperform in
2002.

Pru discusses how substantial it sees the recovery as being. It details
recent RevPAR trends, provides expectations through 2003, and
identifies three of its buy-rated stocks, one of them being MeriStar
Hospitality (MHX). (12-page report for purchase - $25)
http://www.multexinvestor.com/download.asp?docid=25978439&nd=0121

4. THIRD-PARTY REVIEW
Independent research firm The Motley Fool publishes its monthly report.

In its January issue, TMF reviews the surprising rebound in online
retailers, including discussion of AMZN and EBAY, profiles IMS Health
(RX), looks at the satellite radio space, and discusses its Foolish 8, with
a focus on Neogen (NEOG). (22-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=26025863&nd=0121

5. WHAT'S HOT?
Bear Stearns publishes a 'top ten list' of Internet security predictions for
2002.

After a page of general sector commentary, the firm discusses its list; #3
prediction calls for more sophisticated virus attacks, #6 prediction is that
the biometric hype fizzles, #10 predicts security vendor stocks that will
outperform. (4-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=25966746&nd=0121

======================== Sponsored by =========================
The Telecomm Analyst: Wall Street's daily and weekly industry outlook

Multex's The Telecomm Analyst features daily telecommunications-industry
specific research highlights, investment ideas, analyst opinions, portfolio
strategies: http://www.multexinvestor.com/Analysts/HomeTTA.asp

To be sure you receive your TTA newsletter every week, click here:
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==============================================================

Online advice and chats
-----------------------------------------

1. ASK THE ANALYST
PowerOptionsPlus.com's Victor Schiller discusses how to insure your
equity investments.

Schiller explains how option collars provide downside protection on stock
purchases. Most individuals wouldn't drive without auto insurance--can
you afford to invest without stock insurance? Ask him questions on this
subject through tonight, Mon., Jan. 21, 5 PM ET.
http://www.multexinvestor.com/AskTheAnalystForm.asp?&nd=0121

Try our PowerOptionsPlus FREE Trial NOW! The Best Way To Find,
Compare, Analyze, and Make Money On Option Investments...And it's
Guaranteed. Click here http://www.poweropt.com/mtx1

2. ASK THE EXPERT
Multex.com's Alan Cohn explains some of the ways
Americans will benefit from new tax laws.

Citing aspects of new tax rules relating to individuals
over 50, education, and estate taxes, Cohn shows
how a wide range of citizens will benefit. How do the
new laws affect you? He can take your questions until
Thurs., Jan. 24. Ask the expert.
http://www.multexinvestor.com/AskTheExpertForm.asp?&nd=0121

Free and sponsored reports
-----------------------------------------

1. FREE RESEARCH REPORT
Jefferies and Co. reports on the outlook for the oil drilling industry.

While maintaining a favorable long-term opinion on the group, the firm
does see a level of short-term uncertainty. It identifies a recovery
timeframe and 3 focus stocks. This 12-page report, which usually sells
for $25, is free to members for the next 72 hours.
http://www.multexinvestor.com/download.asp?docid=25968489&nd=0121

2. DAILY FREE SPONSOR REPORT
Morgan Stanley sets a $43 price target for broadband product maker
Polycom (PLCM).

The firm believes that PLCM will outperform its competitors and outlines
its valuation methodology and key investment positives and risks
associates with this stock. Register for the firm's free-research trial to
access research on this and other stocks.
http://www.multexinvestor.com/download.asp?docid=25095516&sid=8&nd=0121

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Aaron, here is the comparison exhibit between the current version of AB 21X
and the preferred direct access coalition draft bill. I believe it is
correct, please check it and advise me of any edits that are required.
Given Lawrence's terrible rewrite of the bill, it sounds like we should
organize a conferenceat least.  Let me know what you plan on doing.   This
is a word document, I don't know why the icon looks this way.  Call me if
you have trouble opening it.   Thanks, Mike

 <<X23020.DOC>>

 - X23020.DOC


Steve,

This article came out last week while I was gone and I wanted to be sure you
saw it.  Thanks, Ann

US AND CANADA: US administration faces crisis over energy policy: Whoever
gets to inhabit the White House must face up to the fact that he will have to
address problems not just in oil but in the natural gas sectors, compounded
by the cut-off of Iraqi crude oil, reports Hillary Durgin:
Financial Times, Dec 6, 2000

			The alarm in world energy markets triggered by the halt in Iraqi crude oil
exports at the weekend is the latest sign that the new administration -
whoever leads it - will have to make US energy policy a top priority.
			Even as the outcome of the presidential election has hung in the balance over
the last few weeks, energy industry officials have argued that the new
president will have to address problems not just in oil, but in the natural
gas and power sectors that reached crisis levels over the past year.
			The cut-off of Iraqi crude could have serious repercussions for the US, the
world's largest oil consumer, particularly at a time of exceptionally low
inventories in the world oil markets and shortage in spare production
capacity within the Organisation of Petroleum Exporting Countries. That
situation could easily reach crisis proportions for the US if other
circumstances, ranging from unrest among Nigerian oil workers to cold winter
weather across the country, affect supplies.
			"For the new administration, this whole event is going to raise the question
of energy security and US energy policy to the very top of the docket," said
Amy Jaffe, senior energy analyst with the James A. Baker III Institute of
Public Policy at Rice University in Houston.
			The Baker institute is working with the Council on Foreign Relations, a New
York-based think tank, to form a taskforce on US energy policy. "Whenever the
new president takes office, he is going to have to cope with whatever the
economic fallout is of this and the economic fallout is going to be huge," Ms
Jaffe predicted.
			Opec has only between 1m to 2m barrels per day of spare production capacity -
far less than it has had during previous oil crises. Put in perspective, in
the winter of 1989, colder than normal weather boosted US oil demand by 1.5m
barrels per day.
			For the first time in more than two decades, energy has become a focus of
public debate. As energy shortages and high prices stunned the public
following a long period of adequate supplies and cheap prices, these issues
became a political rallying point and figured prominently in theelections.
			"There is a direct correlation between interest in energy policy and prices,
and energy prices are high, so interest in energy policy is high," said Robin
West, chairman of the Petroleum Finance Company, a Washington DC-based energy
consultant.
			The position of energy secretary has generally been regarded as weak and has
often been occupied by someone with little knowledge of the industry. Whoever
becomes the next secretary must have a good understanding of the industry and
be able to explain the complexities of the regulatory structures and markets
to Congress, Mr West said.
			Over the past two years, power shortages and skyrocketing prices have become
more commonplace. The underlying problem, industry executives say, is the
lack of a uniform, national policy to provide competitive, open access to the
nation's electricity power grid.
			Current regulations, for example, tend to favour regional power authorities
and utilities in certain regions so that competitors have a harder time
getting power onto the grid and transmitting it. In 1998 that problem
triggered, for example, prices of Dollars 7,500 per megawatt-hour in Ohio
compared with neighbouring states where they were one-fortieth of that level.
			Another problem is the difficulty of obtaining permits to site and build
plants in certain states. In California, for example, where shortages have
become a serious problem and the state imports 25 per cent of its power on
days of peak demand, 11,000 megawatts of new power has been proposed but
can't get sited.
			"The biggest energy policy issue we have is electricity," said Steven Kean,
executive vice-president and chief of staff at Houston-based Enron, the
country's largest merchant of natural gas and power. "Natural gas is not even
close. Oil is not even close." Enron is pushing for legislation to ensure
open, competitive access on the power grid and initiatives that would enable
new power generation capacity to be developed faster and easier.
			Closely tied to the problem of power is that of natural gas, which is the
feedstock for virtually all new power generation capacity in the US. Prices,
which are now above Dollars 6 per thousand cubic feet, hit a record high this
week - three times the price of a year ago - as the energy industry has been
unable to keep pace with demand.
			Many in the industry are concerned about how the US will be able to meet
future power demands unless more gas is developed. Yet while companies are
busy drilling, they have been hard pressed to increase production.
			Companies such as UK-based BP Amoco and Calgary-based Nexen, which have gas
reserves in Alaska and Canada, are hoping that the high prices will make
development and transport of those reserves profitable, but such projects are
probably five years away.
			At the top of the energy industry's agenda in accessing more oil and gas are
efforts to reopen more federal lands to drilling. In addition, they would
like to have equal access to oil reserves overseas in places such as Iran and
Libya where sanctions prevent US companies from doing business.
			The industry knows that forging a new energy policy will not be easy. But it
realises it must push it to the top of the new administration's agenda.
			"It will be a priority," said Chuck Watson, chairman and chief executive
officer of Houston-based Dynegy, a leading energy merchant with large
holdings in the natural gas and power sectors. "It has to happen, if they
don't want Dollars 5 natural gas and Dollars 40 crude and Dollars 50 power."
			Copyright , The Financial Times Limited


home wrecker.


Greg,
I want to thank you for the time you took out of your day to meet with me
Tues. evening. ?It was nice to meet you and share some very good wine with
Donny.
We continue to provide execution for a number of your traders on the NYMEX,
which we appreciate very much. ?As you know most of our money is made
clearing trades and would apperciate the opportunity to clear Enron's trades
once again. ?

If I can ever do anything for you in the NYMEX arena I would love to. ?You
can reach me at 713-266-0050 of on the Yahoo IM at s_vankeppel. ?Many thanks
again for your time.

Regards,
Steffen van Keppel
Refco, Inc.


This has been nominated, tracked and balanced...

Mary


Carson:
What a miserable "friend" I am!  I would love to meet you and Donna anytime
at all.  Please let me know.  I have been running around like crazy.  We are
understaffed and I work too hard.  Also, I had to take a week off in mid-July
to rescue my mom who ended up in a hospital in Salisbury, England while
attempting to attend the funeral of a cousin.  Mother is fine.  I (on the
other hand) do not take a vacation until October and I hope to live.  Maybe
you and Donna want to come over one night and raid my wine cellar.  That
would be fun for a change.  We could pick up food from Eatzi's or wherever.
Can't wait to hear from you.  Sara

	"R. Carson Llewellyn" <carlew@flash.net>
	08/22/2000 03:12 PM

		 To: Sara Shackleton <Sara.Shackleton@enron.com>
		 cc:
		 Subject: Donna

Sara:
I had a very delightful lunch today with a dear friend of yours, Donna
Mullen of Dominion. Paul Dunning introduced me to her at the AAPL in New
Orleans, and she was nice enough to attend a dinner I hosted at Antoines
during the convention. We want to have lunch with you. Are you free for
lunch at all next week. We will come downtown to meet you. Sorry I
missed you last week during my break from the South Texas Mineral Law
CLE seminar. Mary Ogden, a good friend, showed me your office and
introduced me to some of your co-workers. Everyone says you are the
best. It is nice to be able to say that I am a friend of Sara's from New
Orleans and watch everyone's face light up. You and Julia have a great
group of co-workers there.

I hope you and the hounds are well.

Carson


John Van Gelder has recently transferred from EBS-Portland to work in the West Origination group.

John began working with Enron Energy Services as a summer intern in 1998. In January 2000, he started working with Enron Broadband Services, and was promoted from Associate to Manager while working with their Wholesale Origination group.

John received his Bachelors degree in Mechanical Engineering at the University of Kansas and completed the Master's program at the University of Michigan's School of Business Administration.

Please welcome John to our Portland office!

Regards,

Chris


A conference call has been scheduled for Friday, May 18th.  Below is the call
in information:

DATE:  Friday, May 18th

TIME:   10:00 am (Central) - should last approx 1 hour

CALL IN #:  1-877-214-0402

HOST CODE: 564778   (Steve Kean's use only)

PARTICIPANT
CODE:  285987

If anyone needs to call in from an international location, please contact
Maureen McVicker at 713-853-1808 and she will set up an international number
too.


Hi.  Got your message.  As you know, it's complete meltdown here, so I
apologize for not having got back to you sooner.  I'll read and get back to
you.  Deadline?


Bruce

I had quite a crazy week.  Give me a call the next time you are in town or if
you are still in town.  I would love to get together.

John


Thanks.  DF

ET & S Business Intelligence Department
From: Lorna Brennan on 09/20/2000 03:44 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:
Subject: Article in WSJ: "Movies-on-Demand May Finally Turn Blockbuster's
Stock into a Hit"

Drew,

This was in today's WSJ, but I don't see anything prior to that that isn't a
month old or more on the Blockbuster deal.  There was an announcement on the
wires on September 6 dealing with the n-Cube technology that will be used in
the Blockbuster deal.  Let me know if this is it!

Lorna
-----------------------------------------------------
09/20/2000
The Wall Street Journal

Texas Journal
T2
(Copyright (c) 2000, Dow Jones & Company, Inc.)

Blockbuster hasn't enjoyed a great market reception.

In fact, it has fared so poorly since going public 13 months ago that today
you can pick up a share of the Dallas video-rental giant for the price of a
video rental and a couple of late fees.

But analysts who have promoted the stock from its initial public offering in
August 1999 say now is a better time than ever to bet on Blockbuster. They
say the company is poised to capitalize both on its ubiquitous stores and the
emerging market for delivering movies over the Internet.
"There are a lot of factors that make it incredibly attractive," says Patrick
J. O'Hare, an analyst in Chicago with briefing.com, an online market-analysis
firm.

For starters, Blockbuster, with 5,000 blue-and-yellow stores in the U.S.
alone, is the leading video retailer and one of the country's best-known
brand names. Its stock, which closed yesterday at $9.188, looks inexpensive.
Blockbuster is also moving beyond its storefronts. In July, Blockbuster
signed a 20-year agreement to sell movies over the growing broadband network
being built by Houston-based Enron.

There's more. Mr. O'Hare notes that the company's earnings are expected to
grow at a 20% annual clip over the next five years, while the stock trades at
a relatively inexpensive 14 times earnings. In 2001, the company's earnings
are projected to grow by 28%. So by one measure, Blockbuster trades for about
half that rate. The stock also trades for less than one third of its book
value.

Of course, the stock price has been depressed for a long time, ever since
majority owner Viacom sold 18% of Blockbuster in an IPO. (New York-based
Viacom plans to distribute the rest to its shareholders, but is waiting for
the price to rise.) Blockbuster ended its first day of trading at $15, its
offering price. It went down from there and bottomed out at $8.88 on June 27.

Not even a better-than-expected second-quarter financial report on Aug. 2
helped much. The company lost 16 cents a share, compared with a 28-cent net
loss a year earlier. Excluding losses from new-media initiatives, such as
development of its Blockbuster.com Web site, it posted cash earnings of $24.1
million, or 14 cents a share, which beat analysts' expectations.

Analysts say the news will improve, with a consensus estimate that
Blockbuster will earn 64 cents a share before charges this year. The company
also expects its market share to reach at least 35% this year, four times
that of its nearest competitor, Hollywood Entertainment's Hollywood Video.

It adds up to rosy projections. Briefing.com's Mr. O'Hare says the stock
could double in the next 12 to 18 months. Salomon Smith Barney analyst David
Riedel in New York has a $26 target price, also in 12 to 18 months. (Mr.
Riedel's firm was an underwriter for Blockbuster's IPO.)

So why has the stock languished? One culprit is the new-media initiatives,
which are obscuring the company's profits elsewhere. And, as Blockbuster
Chief Executive John Antioco noted recently when warning that third-quarter
revenue would be slow, there have been few recent big hits among the new
video releases.

Mr. Antioco also acknowledges there may be confusion over how well
Blockbuster is mixing its traditional retail business with the advent of
movies-on-demand and other new-media ventures. Indeed, for all Blockbuster's
talk about new media, it doesn't yet deliver movies electronically and
customers still can't do things like reserve movies by using Blockbuster.com.
Thus far, customers can do little more than buy videos and digital videodisks
on the Web site.

"Perhaps the story may be more complicated than some people have time for,"
Mr. Antioco says. "People who buy retail stocks don't fully understand our
story, and people who buy media stocks may not totally understand the
transition." In the end, the company will be a mix of new media and
traditional retailing. But until that picture becomes clearer, the result,
Mr. Antioco says, "is the stock malaise."

But Mr. Antioco says Blockbuster is now in an ideal position. The company has
delivered solid earnings from its core video-store business and has struck
potentially big deals to bring movies to consumers in their homes.
"Blockbuster, as a pure retail play, has done what it said it's going to do,"
Mr. Antioco says. "Now we have several [new-media] plays beyond that."

Indeed, just this year Blockbuster has entered into five deals to supplement
its in-store rentals through showings of movies on outlets such as DirecTV, a
unit of Hughes Electronics, El Segundo, Calif.

The agreement with the most potential, analysts say, is the Enron deal, in
which Blockbuster will distribute movies over the energy giant's broadband
network to set-top boxes in consumers' homes. Mr. Antioco says Blockbuster
will be delivering movies in a couple of markets served by Enron's network by
the end of the year and predicts that will be just a prelude to a wider
rollout in 2001.

Certainly, there are potential stumbling blocks. To make the deal work, Enron
and Blockbuster need digital-subscriber-line providers to step up enrollment
and solve the spotty service and technical glitches that have plagued large
numbers of users.

"The issue for Blockbuster is going to be availability," says Mike Goodman, a
senior analyst with Yankee Group, a market-research firm in Boston. Yankee
projects there will be 1.45 million DSL users by the end of this year,
increasing to about 8.4 million in 2004.

That's a substantial number of subscribers, but it's also just a potential
customer base for Blockbuster. Mr. Antioco says the digital future is a ways
off -- it may be 10 years before revenue from electronic delivery of movies
catches up with video-store revenue.

Even the beginning of the DSL-dependent rollout will take up to a couple of
years, according to Forrester Research of Cambridge, Mass. It says movies
won't be delivered to more than a few markets until sometime in 2002 -- not
2001, as Blockbuster predicts. But Mr. Antioco says agreements with the
regional phone companies that provide DSL will bear fruit sooner and that the
company will soon announce other partners such as a maker of the set-top
boxes needed to order movies.

Briefing.com's Mr. O'Hare argues that now is the time to buy because
Blockbuster's stock could move fast once investors grasp the possibilities of
the company's plan for multimedia distribution.

Both Mr. O'Hare and Salomon Smith Barney's Mr. Riedel classify Blockbuster as
particularly risky but say the company's outside-the-store initiatives should
serve as a catalyst for the stock over the next 18 or so months.

Mr. O'Hare says that time frame may not be compatible with investors' "notion
of instant gratification." But, he says, "it's worth it
in this case."


Jackie - Woodward is calling....contract #33175 has deliveries to Canon City, 60 dth per day, and I see
it on your spread sheet, but it is not in path manager, and not on the contract.  Can you please look into
this asap.  The guy at Woodward is wanting a call back from Paul Lucci today.  Thanks, Gloria


Thanks !

You are probably familar with the format ... 15-20 minutes for the
presentation
followed by 20-30 minutes for Q&A.

See you at 7:30am Thursday in the lobby of the  Sonesta for breakfast!

ghw

"Vince J Kaminski" <Vince.J.Kaminski@enron.com> on 03/31/2000 12:48:58 PM

To:   George Wayne@FPL
cc:   "Vince J Kaminski" <Vince.J.Kaminski@enron.com>, vkaminski@aol.com
Subject:  Presentation

George,

This is the presentation I promised.

Vince
(See attached file: fpl0400.ppt)

 - fpl0400.ppt


Bob,

Thanks.

Vince

Robert Hermann@ENRON
01/11/2000 02:19 PM
Sent by: Bobbie Moody@ENRON
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: CONGRATULATIONS!

Vince,

Congratulations on your promotion to Managing Director.

Best wishes for your continued success.

Bob


http://www.billingsgazette.com/archive.php?section=breaking&display=/rednews/2001/03/08/build/breaking/0ronald.inc

This article about a stolen Ronald McDonald statue is much funnier when you don't read the article, just take the pictures in the order that they appear, and create your own story.

Beth Cherry
___________
Sr. Creative Consultant
EnFORM Technology
713.350.1860