OUTLOOK Enron Q3 EPS 43 cents vs 34
AFX News, 10/11/01
UK: UPDATE 1-Rothschild exits base metals, precious unaffected.
Reuters English News Service, 10/11/01
INDIA: London court gives Enron India unit respite in row.
Reuters English News Service, 10/11/01
ECUADOR: Three firms accept Ecuador oil contracts at WTI-$6.97.
Reuters English News Service, 10/11/01
UK: Asian clean tanker freight seen falling - brokers.
Reuters English News Service, 10/11/01
JOBS
South Florida Sun-Sentinel, 10/11/01

OUTLOOK Enron Q3 EPS 43 cents vs 34

10/11/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

NEW YORK (AFX) - Enron Corp is expected to report next Tuesday third-quarter earnings per share of 43 cents, compared with 34 cents a year earlier, according to the First Call/Thomson Financial consensus of 17 brokers.
The integrated energy company is expected to meet near-consensus results driven by its wholesale services division, analysts said.
Montgomery Securities analyst Daniel Tulis is calculating third-quarter EPS of 42 cents, 1 cent below consensus.
Full-year EPS stands at 1.85.
Enron's third quarter was marked by the unexpected departure of chief executive Jeff Skilling, for personal reasons, with Chairman Ken Lay reassuming the key position.
Lay is likely to remain in the position until it is filled within 12-18 months, Tulis said.
The company remains embroiled in arbitration proceedings in India after its 2.9 bln usd Dabhol power plant in India was closed. The plant's sole client, the Maharashtra State Electricity Board (MSEB), failed - and later refused - to pay bills that now total about 45 mln usd.
blms/gc For more information and to contact AFX: www.afxnews.com and www.afxpress.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

UK: UPDATE 1-Rothschild exits base metals, precious unaffected.
By Andy Blamey

10/11/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 11 (Reuters) - Blue-blooded banker N M Rothschild & Sons Ltd said on Thursday it would shut down its base metals trading operations except in Australia - the third base metals trader this week to announce cutbacks.
Rothschild remains firmly committed to its precious metals activity, however, company managing director and group treasurer Geoffrey Spice told Reuters.
The company, the merchant banking arm and UK branch of the Rothschild family's financial empire, chairs the twice-daily benchmark price-setting London gold fix.
"In light of difficult trading conditions in the base metals markets, we have concluded that our limited base metals operation is no longer viable," company Chairman Sir Evelyn de Rothschild said in a statement.
"We've been reviewing the situation for quite some time. We've found that trading conditions (in base metals) have been difficult and opportunities have been limited," Spice said.
Rothschild would not be taking on any new positions in base metals but would see existing positions on its books through to fruition, according to clients' wishes, he said.
Rothschild is a category 2 (associate broker clearing) member of the London Metal Exchange (LME); the company would maintain its LME membership while existing positions run their course and would review it in due course, Spice said.
The move to exit base metals will involve the closure of Rothschild's metals sales desk in New York and a number of redundancies in the London and New York trading, sales and support areas, the company said.
Employees were informed of the decision on Thursday afternoon; around 20 Rothschild staff in total would be affected by the move, Spice said.
The company's Australian base metals activities would continue as normal, however, he added.
"Australia has a very strong franchise and will continue to operate in the base metals market," he said.
The Rothschild move follows news this week that the Bank of Nova Scotia will scale back its base metals trading desk and that Enron Metals plans to cut around 10 percent of staff as a part of a Europe-wide job cut programme.
Base metals traders have been struggling in recent months in the face of falling business volumes and sagging metals prices as continuing economic gloom and uncertainty after the September 11 attacks on the United States leave buyers sidelined.
PRECIOUS METALS STRONG
Spice stressed, however, that the company's precious metals operations would continue as normal.
"We have a very strong position in precious metals which will not be affected in any way," he said.
"N M Rothschild remains strongly committed to our core business in precious metals and continues to be at the forefront of spot, forward and option bullion markets and a leading member of the London Bullion Market Association," the company statement said.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

INDIA: London court gives Enron India unit respite in row.

10/11/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, Oct 11 (Reuters) - The Indian unit of U.S. energy major Enron Corp . said on Thursday it had obtained a ruling from a London court preventing a provincial government from legally challenging international arbitration proceedings.
Enron's Indian unit, Dabhol Power Company, has taken a local Indian utility to the International Court of Arbitration in London for a breach of contract.
The utility, the Maharashtra State Electricity Board, had signed a contract to buy the output from Dabhol's $2.9 billion power plant on the western coast of India. It later said it did not need all the power from the 2,184 MW plant, and that it was too expensive.
But a local regulatory authority, the Maharashtra State Electricity Commission, said the power company's dispute with the utility fell within its ambit, and that Dabhol could not proceed with the arbitration. This sparked a round of litigation, which is now at a stage where the Bombay High Court must decide whether Dabhol can take the dispute to London.
In order to prevent more litigation, Enron obtained an injunction from the Commercial Court in London which restrains the government of Maharashtra, which owns the utility, from also filing a suit in India challenging the international arbitration proceedings.
"Over the past few months, the government of Maharashtra and other government entities have taken actions to avoid complying with their contractual obligations," Dabhol said in a statement received late on Thursday. "This has frustrated the rights of international investors that were legally agreed to by the relevant parties several years ago."
Government officials were not be reached for comment.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

ECUADOR: Three firms accept Ecuador oil contracts at WTI-$6.97.

10/11/2001
Reuters English News Service
(C) Reuters Limited 2001.

QUITO, Ecuador, Oct 11 (Reuters) - Anglo Energy, Enron and Rio Energy agreed to match the price of $6.97 below West Texas Intermediate (WTI) for Ecuador crude contracts for November, a Petroecuador official said Thursday.
Petroecuador last week retendered eight three-month crude contracts, each for 12,000 barrels per day (bpd), following a price dispute with former contract holders that led Ecuador's state oil company to break the contracts.
The company awarded Coastal Petroleum two contracts on Friday at WTI minus $6.97, with a floor price for WTI at $20 per barrel, and offered other interested companies the chance to match this price for November.
Petroecuador will set the price of Ecuador's crude for December and January.
Anglo Energy will take two contracts while Enron and Rio Energy will take one contract each, the official said on the condition of anonymity.
It was not immediately clear what would happen to two crude contracts sought by Glencore. Glencore had yet to respond to the offer on Thursday, the source said.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

UK: Asian clean tanker freight seen falling - brokers.

10/11/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 11 (Reuters) - Asian petroleum product trades are likely to benefit from falling freight costs next week, as a raft of surplus tankers makes its way towards Singapore, tanker brokers said on Thursday.
"There's a lot of ships ballasting down from Japan, arriving from the middle of next week onwards," said a Singapore broker. "From October 15 to 20 there will be eight to 10 ships in the area. Rates will fall further."
He said that intra-Asian freight rates had already started to slide from a spike that topped W280 at the start of the week to W260 on Thursday ($17.52 per tonne).
He said that transpacific trade, which often serves to tighten up the intra-Asian market, was dead.
"The only arbs that are open are gasoline to Singapore from Europe and jet going the other way," he said. "Cargill did 35,000 tonnes from Malacca to UK-Cont on the High Challenge: we're guessing jet."
London brokers said Enron had also booked a ship, the Teekay Freighter, to shift 70,000 tonnes of gasoil from Jamnagar, India to Europe.
Brokers said that the Mideast Gulf trade, which occasionally sucks surplus ships out of Asia, was also quiet. Glencore booked two tankers for 40,000 tonne clean cargoes from Yanbu to East Coast India at W235, down 15 points on week-ago levels.
"Long Range trades from the Gulf are quiet," said a London broker. "Nothing's happening so it's difficult to know where rates stand, but basically it's going down."
A panel of brokers from London's Baltic Exchange pegged the naphtha trade on 75,000 tonners from the Gulf to Japan at W189 late on Wednesday, following a fall of eight points from week-ago levels.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

LOCAL
DANIA RESIDENTS POKE HOLES IN PIPELINE PLAN
David Fleshler Staff Writer

10/11/2001
South Florida Sun-Sentinel
Broward Metro
3B
(Copyright 2001 by the Sun-Sentinel)

A proposal to build a natural gas pipeline from the Bahamas to Broward County drew harsh reviews Wednesday from an audience in Dania Beach.
Not a single speaker spoke in favor of the project, although one or two were neutral, during a public workshop held by the Federal Energy Regulatory Commission at the I.T. Parker Community Center.
"It is totally insane to put a high-pressure natural gas pipeline through such a densely populated area," said Susan Epps, of Oakland Park. "The loss of life and property if there would be an accident would be catastrophic."
The commission is preparing an environmental impact statement for the project. More workshops will be held once a draft is ready. The process is expected to take several months.
Enron Corp. of Houston proposed the pipeline as a way to meet the state's growing demand for natural gas, a relatively clean and increasingly popular fuel for power plants. Two other companies have made similar proposals.
Enron's representatives say construction of the pipeline would do minimal damage to the coral reefs in its path. And it is an extremely safe way to transport natural gas.
But few people in the audience saw it that way.
Dan Clark, a member of a Broward County group that monitors the health of coral reefs, said that the company's representatives painted too rosy a picture of the project's impact on coral reefs by claiming that drilling a path under the reefs would leave them unharmed.
"What they failed to tell you is that they're going to have to assemble the pipe across the second reef and drag it across the second reef," he said. "At a time when we're losing these habitats, we don't want to lose any more, willingly."
Some speakers questioned the wisdom of bringing in another source of fossil fuels, however clean it may be, rather than putting more effort in conservation and renewable energy.
"Why don't we regulate people's use of energy?" asked Judy Kuchta, of North Beach in Hollywood. "Why do people have to waste energy playing stupid video games and watching mindless TV?"
Several speakers worried about the project's effects on John U. Lloyd State Park, a popular beachfront park under which the pipeline would run.
"The park simply can't sustain the additional degradation of pipeline construction and operation," said Sara Case, speaking for Save Our Shoreline, a Hollywood conservation group. "The beach is one of Broward County's most important sea turtle nesting areas. Shore birds are attracted to the park. We simply find it difficult to believe that significant environmental damage is not inevitable from this monumental project."
David Fleshler can be reached at dfleshler@sun-sentinel.com or 954- 356-4535.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

BUSINESS
JOBS
Bloomberg News

10/11/2001
South Florida Sun-Sentinel
Broward Metro
3D
(Copyright 2001 by the Sun-Sentinel)

Enron Corp., the largest energy trader, plans to cut as many as 500 jobs in Europe, or as much as 10 percent of its work force there, to reduce costs and boost profit.
The company has 5,000 workers in Europe and plans to trim jobs by 5 percent to 10 percent. "Business continues to grow in terms of traded volumes and numbers of transactions, but like any company, we are constantly seeking ways to do more with less," John Sherriff, chief executive of Enron Europe, said.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.


I was forced to allow my business judgment pre-empt my personal wishes....

	Susan Scott
	09/28/2000 10:52 AM

		 To: Jeff Dasovich
		 cc:
		 Subject: Gas Accord

I'm disappointed in your conclusion that TW does not need to be extensively
represented, for long weeks at a time, in San Francisco for the early stages
of Gas Accord II.


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/24/2001 09:26 AM ---------------------------
From:	Frank Hayden/ENRON@enronXgate on 04/24/2001 09:25 AM CDT
To:	Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT
cc:
Subject:

FYI,
?	Selling 500/d of SoCal, XH lowers overall desk VAR by $8 million
?	Selling 500K KV, lowers overall desk VAR by $4 million

Frank


Let's address this in the discussion tomorrow.  I would recommend we see how
the Master negotiations before we proceed with the guaranty.

Bill

From: Sara Shackleton on 09/12/2000 03:48 PM
To: William S Bradford/HOU/ECT@ECT, Paul Radous/Corp/Enron@ENRON
cc:
Subject: Credit Derivatives - DEUTSCHE BANK

ECT Investments, Inc. ("ECTI") entered into a 5-YEAR credit derivative with
Deutsche Bank ("DB") effective 7/19/00 with a Scheduled Termination Date of
7/19/05 (Loews Corporation is the reference credit).  DB is requiring an
Enron Corp. guaranty.  There is no mention of guaranty terms.  [NOTE THAT IN
A SIMILAR DEAL 3/13/00 BASED UPON THE REPUBLIC OF INDONESIA  BETWEEN THE
PARTIES, NO GUARANTY WAS REQUESTED].

Should  ECTI post the guaranty?  Do we want a Master ISDA?

Please let me know.  Thanks.  Sara


Recently, Jeff McMahon, Executive Vice President and Treasurer of Enron
Corp., accepted the position of Chief Commercial Officer of Enron Net Works.
Jeff's many accomplishments at Enron Global Finance ("EGF") include over $30
billion of closed financings and an upgrade of Enron's credit rating by
Moody's to Baa1.  We wish Jeff well in his new endeavor.

Ben Glisan, Vice President and head of EGF's Structured Finance business,
will assume Jeff's responsibilities as Vice President and Treasurer of Enron
Corp.  Ben joined Enron in 1996 from Arthur Andersen where he was responsible
for managing structured transactions with Enron.  Prior to Arthur Andersen,
Ben worked at Coopers & Lybrand providing accounting and finance services
principally to financial institutions.  Ben will be a member of the Enron
Corp. Executive Committee.

For additional details regarding EGF's organizational changes, please see the
attached memo.


SK - I printed this out for tomorrow's PRC.  mm

Steve,

I'm sending this e-mail regarding Sanjeev Khandekar, an Enron India employee in your PRC. Sanjeev is a senior director who is seconded to Dabhol Power, works in a gov't relations and community relations role, and he also performs a local site area PR role. He works primarily in the rural, local Dabhol area.

Sanjeev is an Indian who will never work for Enron outside India. He is important to us, both from a local and state gov't contact perspective, as well as a local community interaction. He is very resourceful and operates very well in an Indian setting.

Sanjeev is not a classic Enron employee. His organization and communication skills are weak. He controls information within India and does not readily share things with Enron outside India. I have to spend a fair amount of time managing him and helping him interact with Enron personnel outside India.

We have to have Sanjeev. Not only does he help us, but with his gov't and local community contacts and with his detailed knowledge of the project and its skeletons, he could hurt us if he were ever outside the Enron family. We plan on keeping him on the payroll and continuing to use him until either Enron sells DPC or the PPA is terminated through a legal proceeding. We can't afford to get rid of him.

Sanjeev has been pre-ranked in category 5 by the VPs in your group. John Ambler gave me this information. I will not spend a lot of time trying to convince you otherwise. Since we cannot afford to get rid of Sanjeev, I recommend either

1. as he has been seconded full-time to a joint venture, take him off the table and don't rank him. He is not a global employee and will never be one.  I will take care of feedback and continue to work with him on improving his communication and organization skills.

2. if you feel like you have to rank him, rank him whatever your PRC feels appropriate (in the India PRC, he was ranked as a 4), but please realize that we cannot move him out of the company.

I am available to discuss this if you wish, or I can speak to someone in HR about this. I am in Houston for the next few days and can be reached at x67937, or on my cell phone at 713-594-8077.

Thanks,
Wade


CALENDAR ENTRY:	REMINDER

Description:
	Russell on call

Date:		8/24/2001
Time:		8:00 AM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


FYR
 -----Original Message-----
From: 	Davis, Britt
Sent:	Wednesday, November 28, 2001 9:47 AM
To:	Armogida, Jim; Vote, Robert; Holsworth, Mark; Kisluk, Eileen; Fossum, Drew; Kyle, Candace
Cc:	Robichaux, Lisa; Cheek, Charles; Williams, Robert C.; Derrick Jr., James; Haedicke, Mark E.; Mintz, Jordan; Bushman, Teresa G.
Subject:	In re F&J Representation/Urgent
Importance:	High

	We are close to making a decision on whether to use F&J or some other firm for a new Mariner matter.  I anticipate that if we retain some other firm besides F&J, F&J may want to give us our files back, per the original Gus Blackshear letter to Jim.  Of course, F&J will insist in giving back one of Mark's files under any circumstance.  Put aside for a moment the problematic ethical issue that I believe that raises for F&J and whether we would pursue F&J for taking such an action. If F&J sends our files back, can we live with that in the cases/matters you are handling?

	For Mark, Jordan and Theresa, I of course already have Theresa's voice-mail regarding the new Mariner matter, and have (along with Jim) spoken with Scott Josie.  I also have an urgent call in for Kelly Zelacovitz.

	If there is anyone else you think I should include in this e-mail, please let me know.

	Please reply ASAP.

	Britt


who the hell is this bozo?


Dear Linda,

I haven't been formally introduced to you, although I have seen you several
times in the Houston offsites.  In the past 16 months, I have been working in
Government and Regulatory Affairs group covering EBS global telecommunication
issues.  Currently,  I am on secondment in London to help Jan Haizmann with
European and Asian telecommunication licensing procedures. This September, I
will be starting the Johns Hopkins School of Advanced International Studies
(SAIS) master program in Washington DC.  I have a strong interest in staying
with the government affairs group and believe that a part time position in
the Enron DC office will be complementary to my studies at SAIS. Rick Shapiro
encouraged me to contact you directly, suggesting that you might be willing
to meet with me and to help me identify the employment opportunities in the
DC office.

It may be helpful for you to know that I have been working for the past two
year for Enron. While in Houston, I had the chance to work on number of
interesting projects, including providing financial modeling support for the
former Enron International group.  I am familiar with deregulation process,
especially with the recent developments in the telecommunication field.   In
addition, working in the London office have provided me with the opportunity
to working with the EU Commission, the UK Parliament and other lobbying
groups.  I believe that my experience in Enron will enable me to play a
proactive role in the DC office.

I will be in touch with you by phone in a week.  Next month, I will be
passing through DC & would like to set up a short 20-30 minute meeting with
you at a mutually convenient time.

I understand you are busy and appreciate your time. I look forward to talking
with you soon.

Sincerely,

Xi Xi
Enron Regulatory & Government Affairs
40 Grosvenor Place
London SW1X 7EN
+44 (0)207 783 2514 office
+44 (0)207 783 1640 fax
+44 (0)777 092 5042 cellular


Rae, I think that is too strong for our purposes.  Here is my redraft:

     RESOLVED, that the Board of Directors endorses the efforts undertaken at
its behest since the December 1999 meeting to determine the level of interest
in, and whether and how GISB should expand its focus to address electric and
gas
wholesale and retail standards, and

     Further RESOLVED, that the Board directs its officers and the task force
established in December 1999 to continue meeting with interested parties to
gather their input and financial and other support, and to prepare drafts of
the
documents necessary to effectuate any required structural changes, should the
Board determine to put them into effect, and

     Further RESOLVED, that the officers and task force shall report back to
the
Board at its June 2000 meeting regarding their activities and progress.

Bill Boswell


---------------------- Forwarded by John Arnold/HOU/ECT on 04/06/2001 12:56
PM ---------------------------

SOblander@carrfut.com on 04/06/2001 08:36:38 AM
To: soblander@carrfut.com
cc:
Subject: option candlesticks as a hot link

The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  , 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Option Candlesticks
http://www.carrfut.com/research/Energy1/candlesticks65.pdf

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


Attached please find the talking points on DPC to support your efforts in
Washington, D.C.


I clicked on the link below and it didn't work...I'm RSVP'ing that I'll be there.

Fletch

p.s.  who did the trade? (customer/ENE market maker)

 -----Original Message-----
From: 	Cannon, Lydia   On Behalf Of Zipper, Andy
Sent:	Friday, May 25, 2001 3:52 PM
Subject:	Celebration EnronOnline's Millionth Transaction - REVISED LINK

	In celebration of EnronOnline's one millionth transaction this week, we would like to invite you to a celebration party on 	Thursday, June 7th from 5- 8 p.m. at The Grasshopper (506 Main Street @ Prairie in downtown).  Please RSVP as soon as 	possible by clicking on the link below.

	http://207.21.193.94/invitation/

	I hope to see you there.

	Andy Zipper


Thanks for the heads up.  Let me know when you need help...

	Sara Shackleton
	11/28/2000 04:34 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: metals trading

FYI
----- Forwarded by Sara Shackleton/HOU/ECT on 11/28/2000 04:33 PM -----

	Diana Higgins
	11/28/2000 08:06 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Hamish M Scutt/EU/Enron@Enron
		 Subject: Re: metals trading

Hi Sara,

The Enron entity is
Enron Metals Limited

(which formerly was Metallgesellschaft Limited)

I can evaluate the credit, and also Anna Shaw, Hamish Scutt or Lindsay
Edmonds, so if you send a request would appreciate if you copy all of us.

Thanks a lot

Diana

From: Sara Shackleton on 27/11/2000 18:31 CST
To: Diana Higgins/LON/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT

Subject: metals trading

Diana:

I negotiated the Enron North America Corp.  ISDA Master Agreement with the
"President and Fellows of Harvard University" (together with John Suttle).
Harvard is interested in metals trading.  What is the entity trading metals
(financial)?  Will you evaluate the credit?

Please let me know.  Thanks.  Sara


_________________________________________________________________

WEEKEND SYSTEMS AVAILABILITY

FOR

1/25/2002 5:00:00 PM through 1/28/2002 12:00:00 AM
_________________________________________________________________

Impact:   San Palo
Time:   Thur 1/24/2002 12:00:00 PM CT thru Sun 1/27/2002 12:00:00 PM CT
	Thur 1/24/2002 10:00:00 AM PT thru Sun 1/27/2002 10:00:00 AM PT
	Thur 1/24/2002 6:00:00 PM London thru Sun 1/27/2002 6:00:00 PM London
Outage:   New server room
Environments Impacted:   File Server, Notes servers, Print Server, Internet access.
Purpose:   Put 02 servers room in just 01 room. Rebuild all cabling (data and voice). This is set on CST.
Backout:   Back to original room.
Contact(s):   Nilson Busto  55-11-5503-1347

Impact:   Corp
Time:   Fri 1/25/2002 1:45:00 PM CT thru Fri 1/25/2002 2:45:00 PM CT
	Fri 1/25/2002 11:45:00 AM PT thru Fri 1/25/2002 12:45:00 PM PT
	Fri 1/25/2002 7:45:00 PM London thru Fri 1/25/2002 8:45:00 PM London
Outage:   Change Management Emergency Outage
Environments Impacted:   Change Management System Outage.
Purpose:   Change Management Application needs emergency maintenance.
Backout:   NA
Contact(s):   Brennan, Ryan  713-853-4545
	Ray, Edward  7138536744
	Brooks, Sean L  713-345-8077


Kristin.

Kim is a member of the Tiger Team. She is interested in a summer
internship with Enron and I shall be glad to take her.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/23/2001
01:24 PM ---------------------------

"Kim Whitsel" <Kimberly.Whitsel.wg02@wharton.upenn.edu> on 01/22/2001
12:07:35 AM
To: <Christie.Patrick@enron.com>, <Vince.J.Kaminski@enron.com>
cc:
Subject: FW: Wharton Resume Submission

-----Original Message-----
From: Kim Whitsel [mailto:Kimberly.Whitsel.wg02@wharton.upenn.edu]
Sent: Friday, December 22, 2000 6:51 PM
To: kristin.gandy@enron.com
Subject: Wharton Resume Submission

Summer Position under Wharton Schedule #1823
 - Kim Whitsel -Enron Cover Letter.doc
 - Kim Whitsel- Wharton2 resume.doc


This warning is sent automatically to inform you that your mailbox is approaching the maximum size limit.
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This does not appear in my SRRS but I would approve it if I could.

Information Risk Management
05/09/2000 10:49 AM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: For Mark Taylor's approval

Below you will find a copy of a request that is awaiting your approval.
Please advise us as to your approval or rejection of this request by way of
SRRS located in your Lotus notes workspace.  Click on the  Security Resource
icon, then click on Requests awaiting my approval.  After you have opened up
the request please review and process.   If you are experiencing a problem
getting into your SRRS, please advise us about this request by way of email.

I thank you in advance for your cooperation in this matter.

Leola Barnett
IRM
---------------------- Forwarded by Information Risk Management/HOU/ECT on
05/09/2000 10:49 AM ---------------------------

	Security Resource Request System
Application Line Item		Pending Access Approval

Application Name:	New Master Swap Agreements		How to process this request...
For:	Paul Radous/Corp/Enron
Request Type:	Grant
Role(s):	Read
Comments:	New access request for Credit Analyst		Click  .
			If you wish to approve this request, select  "Approve" in the dialog box.
Otherwise, select "Reject".
			Enter comments (if any).

	Access Approval Section
Approver(s):	Mark - ECT Legal Taylor/HOU/ECT
Status:
Comments:

	Provider Approval Section
Provider(s):	ECT Notes Admin/HOU/ECT	Status:
E-Mail Message:

Comments:

	General     	Request:	PRAS-4JRLR3
Requested By:	Paul Radous/Corp/Enron	Phone:	7133458356
Company:	011	RC #:	100052
		Priority:	Normal

	Application
Icons Added:		Expiration Date:	06/26/2000
UNIX Db Required:
Network Login ID:	pradous	UNIX Login ID:
Required Information:
General Comments

		Editing History (Only the last five (5) are shown)

Edit #	Past Authors	Edit Dates
1	Information Risk Management 	04/27/2000 12:39:38 AM


Margaret,

The forward power and gas price curves, unlike NYMEX futures prices,
are not publicly available and are a closely guarded secret of the trading
desks.
We have no authority to release them without getting the head of the
trading desk involved.

Vince


----- Forwarded by Jeff Dasovich/NA/Enron on 12/28/2000 07:12 PM -----

	Roger Yang@EES
	12/28/2000 05:26 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Scott Stoness/HOU/EES@EES
		 Subject: Questions for PG&E Witness's

Attached is my proposed line of questioning for PG&E and SCE, incorporating
Scott's.  We need to talk it over.

---------------------- Forwarded by Roger Yang/SFO/EES on 12/28/2000 12:15 PM
---------------------------

Scott Stoness
12/28/2000 09:53 AM
To: Jeff Dasovich/NA/Enron@Enron
cc: Roger Yang/SFO/EES@EES
Subject: Questions for PG&E Witness's

Roger: Please clean up this line of questioning that shows that PG&E is
fishing for a windfall.  And that their liquidity problem is contrived or at
least overstated.

Q.  How many MW of generation do you have related to Nuclear?

[Expect answer] About 2160 to 2300MW

Q. What market value have you put on these assets?

[Expect much waffling and an answer close to $0, Under the settlement, PG&E
recovered in excess $3.3 billion for sunk costs]

Q.  Would you accept, based on testimony filed by PG&E on page 2-2 of Chapter
2 Supplemental Testimony subject to check, that 12 month forward contracts
for CA 2001 are trading at $180/MWh?

A [Expect much wafffling but a high number]

Q.  What is the variable (non capital related costs) of nuclear units in the
next year?

A [Expect $20/MWh]

Q.  Is it true that:

$180/MWH minus $30/MWh = $150/MWh

Q. And that

2160 MW at 80% availability factor and 8760 hours per year = 15,137,280 MWh

Q.  And that

15,137,280 MWh times $150 = $2.3 billion for 2001

Q.  And would you accept subject to check that PG&E would get to keep as
income $1.1 billion of this amount under the nuclear settlement in 2001, even
though PG&E would defer recovery pursuant to its proposed mechanics of its
Unrecovered Cost of Service Account?

Q.  And would you expect there to be more value in 2002 and beyond?

A Expect lots of weaseling and yes

Q.  Given this estimate for just 2001, do you believe that Diablo Canyon has
a market value of zero?

A.  No.

Q.  How much did you value your hydro assets at this summer in your previous
filing?

A.  Expect 2.8 b, but revised to $4.3 billion

Q.  Based on the $150/MWH gap between hydro operating costs and market prices
for a similar amount of output in 2001 for PG&E hydro units of roughly 4000
MW, which would result in a similar $2.3 billion amount in 2001, do you
believe that these market value assessments for PG&E's hydro units are
correct?

A.  I do not know.

Q.  Has PG&E determined the market value of its retained fossil generation,
namely Hunters Point and Humboldt, under current market conditions?

A.  No

Q.  Once PG&E completes its CTC recovery for its fossil generation, what will
be the remaining book value of these assets?

A. Zero

Q.  So is the assumed market value of these fossil assets zero?

Q.  In calculating its Unrecovered Cost of Service Account, does PG&E expect
any revenues above costs from its fossil assets as stated in Chapter 6 Eratta
and Updated Testimony?

A.  Yes

Q.  Do you believe that PG&E has generation assets on its books that upon
market valuation could possibly reduce the amount of total undercollections
PG&E has and may continue to accrue or even result in a determination of net
stranded benefits?

A.  I do not know.

Q.  Doesn't recovery of undercollections without properly market valuing
retained assets and netting the market value of these assets compound the
impact of passing through current market prices to large customers, as
proposed by PG&E?

A.  Yes

CROSS EXAMINATION FOR SCE

Q.  In Table IV-2 in Chapter 4 Amended Testimony, SCE calculates its TCBA
Overcollection on December 31, 2000, is this correct?

A.  Yes

Q.  In footnote 2 to the entry "Going-Forward Account Transfers" in that
table, SCE states, "Reflects ending August 31, 2000 balance plus interest
calculated through December 31, 2000, is this correct?

A.  Yes

Q.  Why has SCE omitted overcollection amounts for September through December
2000?

A.  SCE believes that these amounts rightfully belong to SCE shareholders?

Q.  What assets are recorded in the Going Forward Accounts?

A.  Hydro and fossil generation.

Q.  What are the net overcollections in September through December 2000, that
SCE proposes to not transfer to the TCBA?

A.  I don't know. ($300 million for fossil and $150 million for hydro for
September through November for fossil)

Q.  What is SCE's current market value of its fossil plants, namely Mohave
and Four Corners?  (I understand we have sensitivities with respect to Mohave)

A.  SCE has a sell pending to AES and Pinnacle West Energy to sell SCE's
share of Four Corners and Palo Verde Nuclear for $550 million and Mohave for
$533 million for a total of $1.1 billion.

Q.  Is this the market value that SCE assumes for these plants and basis its
proposal to retain the going forward net market revenues until the closing of
the sell of these plants?

A.  Yes

Q.  What is the net overcollection as of November 30, 2001 in SCE's PX
Revenue Memorandum Account for its fossil plants?

A.  $670 million

Q.  What has been the difference between Palo Verde Incremental Cost and
market revenues recorded in the TCBA through November 2000?

A.  $240 million

Q.  How much capacity is SCE entitled to from Palo Verde and Four Corners?

A.  590 MW for Palo Verde and 710 MW for Four Corners?

Q.  Assuming an 80% capacity factor for 1300 MW of capacity for 2001, a
market price of $180 for 2001 and operating costs of $30, does this result in
net operating revenues of $1.4 billion for 2001?

A.  Yes

Q.  Would you agree there is more value in 2002 and beyond?

A.  Yes

Q.  Is it true under your proposal, such value would accrue to SCE's
shareholders until the sell of the plant closes, when such value and all
future will be transfered to the purchaser of the plant?

A. Yes

Q. What is the overcollection in the Hydro Generation Memo Account through
November 30, 2000?

A. $531 million

Q.  What is SCE's current market value of its hydro generation?

A. shy of $1 billion

Q.  Does SCE anticipate an overcollection in 2001?

A.  Answer should be yes if 2000 is any indication

Q.  What ratemaking treatment does SCE propose for hydro overcollections in
2001?

A.  Pursuant to the settlement, overcollections and undercollections are
netted over a three year period.

Q.  Are you saying that any overcollected amounts in 2001, 2002, and 2003,
will not be returned to ratepayers for three years upon ending the rate
freeze and implementing the proposed settlement?

A.  Yes

Q.  If we assume that SCE's hydro assets generate 4 million mWHs in 2001 at a
margin of $150 per mWH, would this roughly equal $600 million overcollection
in one year?

A.  Yes, if you do not take into account the rate base impact.

Q.  What is the market value SCE has assessed for SONGS?

A.  SCE has not assessed a market value for SONGS?

Q.  What will be the net book value of SONGS upon completion of CTC recovery
and the end of the rate freeze?

A.  Zero

Q.  Approximately how much energy is SCE entitled to from SONGS?

A. Over 12 million mWH

Q.  If we assume 12 million mWhs in 2001 at a net profit of $150 per mWh,
doesn't this roughly translate to a value of $1.8 billion for 2001?

A.  Yes

Q.  Would you expect more value for 2002 and beyond?

A.  Yes


Eric,

Leg B has already terminated (06/30/1999), and legs 9 and C are in Canadian books.  I left a message w/ book admins in Canada.  As soon as they get w/ me I'll run a minibook for you on those 2 deals.

Errol

 -----Original Message-----
From: 	Boyt, Eric
Sent:	Friday, December 21, 2001 11:06 AM
To:	McLaughlin Jr., Errol
Subject:	RE: EV7251 Minibook

Thanks man, however, I think we are missing leg 9, B, C on the JP swaps.  Could you re-run and send back?

I would really appreciate it.

Eric

 -----Original Message-----
From: 	McLaughlin Jr., Errol
Sent:	Friday, December 21, 2001 9:18 AM
To:	Boyt, Eric
Subject:	EV7251 Minibook

 << File: EBOYTForwards.xls >>


John,

What about Eric Benke?   Did you review his resume?

 -----Original Message-----
From: 	Suarez, John
Sent:	Tuesday, October 02, 2001 12:33 PM
To:	Presto, Kevin M.
Subject:	RE: Ravi Thuraisingham

Kevin,

I didn't work with Ravi directly, however I believe he is extremely well qualified based on his experience. He would likely be a good asset for the group however I do not know exactly in what role (perhaps mid marketing or orig. or as a quant/trader).  What I am not sure of is if he wants to trade.  I will talk to him today and will get back to you.

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Tuesday, October 02, 2001 12:19 PM
To:	Suarez, John
Subject:	FW: Ravi Thuraisingham

Your thoughts on this guy for SE cash and/or term spread trader?

 -----Original Message-----
From: 	Will, Lloyd
Sent:	Tuesday, October 02, 2001 9:05 AM
To:	Presto, Kevin M.; Davis, Mark Dana; Sturm, Fletcher J.
Subject:	FW: Ravi Thuraisingham

Folks Ravi looks like a real strong candidate that we should consider.

He could be helpful in the Ontario market as well.

Thanks.

 -----Original Message-----
From: 	Thuraisingham, Ravi
Sent:	Monday, October 01, 2001 12:19 PM
To:	Will, Lloyd
Subject:	Ravi Thuraisingham

Hi, LLoyd, thanks for your time and information. Here is my background information.  I will check with John Suarez and others to get an idea of the scope and depth of the opportunity and will give you my response ASAP.  In the mean time, if you want me to talk to other please let me know.

 << File: Ravi Thuraisingham Aug 01r.doc >>

Education:

B.Sc., M.Sc., (nuclear engineering, engineering science), university of Toronto
CFA, Chartered Financial Analyst charter holder

Experience:

Ontario Hydro, Nuclear design Engineering			1989-1993
General Electric, Advance Nuclear Design			1993-1994
Tenera Energy, Software engineering, safety analysis	1994-1997
Deloitte & Touche, Capital markets--risk management, NYC	1997-1998

	Enron

Enron NA, Research Group				1998-2000
Enron Broadband Services, Trading			2000-present

References:

Vince Kaminski
Bill White
Greg Woulfe
Paul Racicot (If possible, I would like to keep the discussions confidential until final decision to use Paul's reference).

Ravi Thuraisingham, CFA
Director, Storage Trading
Enron Broadband Services
p  713.853.3057
c  713.516.5440
pg 877.680.4806
ravi.thuraisingham@enron.com


I promise this is my last e-mail of the day!

Thought you would be interested in reviewing Jim Newsome's speech given at
ISDA's Energy and Developing Products Conference in Houston on May 6.  He
discusses the Commodity Futures Modernization Act -- innovation -- and his
regulatory philosophy  - "do not regulate for regulation's sake alone"

 <<Newsome Speech.doc>>

Stacy Carey
Director North American Regulatory Policy
International Swaps and Derivatives Association
600 5th Avenue, 27th Floor
Rockefeller Center
New York, NY  10020
(212) 332-1202 ph
(212) 332-1212 fax
(917) 543-9622 cell
scarey@isda.org

 - Newsome Speech.doc


Please see below regarding Reliant's comments.

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

----- Forwarded by Debra Perlingiere/HOU/ECT on 06/04/2001 11:18 AM -----

	pgraff@reliant.com
	06/04/2001 10:14 AM

		 To: Debra.Perlingiere@enron.com
		 cc:
		 Subject: Re: Master Agreement

Debra,

Try using the clean version to edit from.  It should work.  If not, let me
know.

Thanks
Paramy

(See attached file: Enron-Canada-2-16-01-RESC Redline.doc)(See attached
file: Enron-Canada-2-16-01-clean copy.doc)

                    Debra.Perlingiere
                    @enron.com               To:     pgraff@reliant.com
                                             cc:
                    06/04/01 10:07 AM        Subject:     Re: Master Agreement

Thanks,  but for some reason it will not let me edit this version.  Can  we
try again.

Thanks!

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

 - Enron-Canada-2-16-01-RESC Redline.doc
 - Enron-Canada-2-16-01-clean copy.doc


jim --

	good reading.

 -----Original Message-----
From: 	Jim Mccartney <jw1000mac@yahoo.com>@ENRON [mailto:IMCEANOTES-Jim+20Mccartney+20+3Cjw1000mac+40yahoo+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, May 31, 2001 1:48 PM
To:	Walls Jr., Rob
Subject:	Fwd: Dabhol Power Project - MERC Proceeding

Note:rob, see attached from cw. jim

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From: "Walker, Christopher" <christopher.walker@linklaters.com>
To: "'Jim Mccartney'" <jw1000mac@yahoo.com>,        "Walker, Christopher"	 <christopher.walker@linklaters.com>
Cc: bruce.lundstrom@enron.com
Subject: Dabhol Power Project - MERC Proceeding
Date: Thu, 31 May 2001 22:16:09 +0800
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Jim,

In answer to your points:-

(1) The method of challenge (to the main Petition before MERC) is by Writ
Petition under Articles 226 and 227 of the Constitution of India. This is
the procedural means by which the High Court controls and supervises the
activities of lower Courts and administrative tribunals. It is,strictly,a
public law proceeding rather than a private law proceeding.
Again,strictly,we cannot use a Writ Petition as a means of asserting a right
to have these proceedings stayed under section 45 of the Arbitration and
Conciliation Act 1996. That is a private law application. We could only get
that inot the High Court by first making that application to the MERC,having
it refused and then proceeding by way of statutory appeal. Clearly,a stay
application presumes that the MERC has jurisdiction.

(2) The way to tackle the injunction is to apply to have it discharged or
modified. If (perhaps when) MERC says no,there is a statutory right of
appeal to the High Court.

(3) The Writ Petition is an all or nothing excercise. Realistically,if DPC
succeeds in the Writ Petition,the MERC is dead and so (ultimately) will be
the MSEB. I think that I can fairly safely predict that in front of any
half-decent tribunal in London,the recission claim is going to go nowhere.
If,however,DPC does not succeed on jurisdiction,I cannot see a stay
application succeeding in front of the MERC. If the Court says that the MERC
has jurisdiction,you can bet your bottom dollar on the fact that it will be
excercised. No doubt DPC could file a statutory appeal to the High Court
(against a refusal to grant a stay),but that will take a very long time to
get heard in these circumstances.

(4) The prcedural stroke which requires to be played right in the High Court
is getting the Court to deal with this Writ Petition urgently. Should that
occur,we should get home sooner rather than later (working on Indian
time,that is). If,contrary to my expectation,the Court sits on the
matter,then we are in difficulties. It is going to be hard to appeal when
the decision is that there is no decision.

(5) I do not think that DPC can prudently disregard the MERC's order. Aside
from the invocation of contempt procedures against DPC,the MSEB would simply
apply to the High Court for an injunction directly. Also,will our Lenders
really allow DPC to serve a Termination Notice in these circumstances (given
that the Phase I dollar Lenders require to get to the GOI Guarantee)? I
personally doubt it. As a practical matter I believe that we have to comply
with the MERC's orders unless and until the High Court says that MERC has no
jurisdiction. The more practical approach is this. Having filed our Writ
Petition,nothing prevents us from applying to MERC to vary its current
order. If it refuses,we file a stautory appeal against its order and apply
to the Chief Justice to have both matters conjoined. That is what we ought
to be doing.

(6) I do not know enough about our PRI coverage (certainly the OPIC cover)
to say with certainty. However,the Lloyd's Policy has the better coverage
(subject to whatever right the underwriters may have to avoid for
non-disclosure on placing). That policy requires that DPC obtains an
arbitral award. I think that we should be doing all that we can to preserve
the position viz-a-viz that policy. This seems to dictate that we comply
with the MERC's orders,at least for the time being. One remedy for contempt
by a corporate body is the appointment of a receiver. The implications of
that for obtaining any arbitral award are obvious.

-----Original Message-----
From: Jim Mccartney [mailto:jw1000mac@yahoo.com]
Sent: 31 May 2001 06:46
To: christopher.walker@linklaters.com
Cc: bruce.lundstrom@enron.com
Subject: dpc

chris, is there any established procedure under indian
procedural or substantive law on how we challenge the
merc injunction? if we lose before the bombay high
court, e.g. they decline to consider the matter or
just sit on it, what then? appeal to the s.ct.,
mandamus? since we would have to rely on the indian
courts to enforce an arbitration award (as i recall)
what good would it do to disregard the merc's order
(and the court's) and proceed with the arbitration-- a
high risk venture--could it help us with our political
risk coverage or other extra-india protections? we
would appreciate your thoughts. best regards, jim

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-----Original Message-----
From: 	Neal, Scott
Sent:	Friday, February 01, 2002 9:57 AM
To:	'randall.curry@bhlp.com'
Subject:	FW:

Randy,

I hope all is well with you.  Hopefully, we will be starting up in the next weeks as UBS.

I don't know if you are still in the market for people.  I have attached the resume of Vickie Versen
for your review.  She was most recently responsible for trading physical gas in the Gulf.  She came out of
our scheduling/logistics group and has extensive experience working on several East pipes.  I think she would
consider a trading or scheduling position.

Sincerely,

Scott Neal

 -----Original Message-----
From: 	"scott neal" <sneal4@houston.rr.com>@ENRON
Sent:	Monday, January 28, 2002 8:33 PM
To:	Neal, Scott
Subject:	FW:

-----Original Message-----
From: Neal, Scott [mailto:Scott.Neal@ENRON.com]
Sent: Thursday, November 29, 2001 2:18 PM
To: scott.neal@worldnet.att.net
Subject: FW:

>  -----Original Message-----
> From: 	Curry, Randall
> Sent:	Wednesday, November 28, 2001 1:19 PM
> To:	Neal, Scott
> Subject:
>
> Scott,
>
> I know it is a difficult time, however I wanted to drop you a note to
> let you know that Bridgeline is looking for some additional trading
> talent.  When you get some time, if you could call me, I would like to
> fill you in on our situation.  Perhaps there could be a win/win for
> Enron employees and Bridgeline.  Thanks.
>
> Regards,
>
> Randy Curry
> email:   randall.curry@bhlp.com
> Phone:  713-345-5806
> Fax:      713 646-6009
>
>

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


Sara

You are right about the tax issue - in fact, we are in the process of
replacing the UK directors and officers of Enron Credit Inc with US directors
and officers.

The entity that signs up to the confidentiality agreement ought to be the one
that owns the information to be supplied.  Based on conversations I have had
with Richard Sage, I had formed the impression that the owner of the
information was Enron Credit Ltd.  If this is right, we should pursue your
first suggestion.  Otherwise, given that the tax issue is being rectified and
this should therefore be an isolated incident, I think we can wear the tax
risk inherent in your second suggestion.  Though I do wonder whether an
officer of Enron Credit Inc, such as Richard Sage (currently), could sign,
rather than a director?

Kind regards

Guenther Klar


Fellow Analysts and Associates,

The following is the agenda for the DePelchin Service Project on Saturday,
July 15th.

We look forward to seeing you then, so we can paint the Children's Gym.  (If
you think you're going to be messy, be sure to wear some old clothes!!)

The same schedule still applies.   Thank you so much for your participation
and patience!!!    Also, if you know of any other people who may be
interested we'd love to hear from them!   Or if you don't see your name below
- please let us know!

Gallin Fortunov  x58706
Julie Davidson   x36882

******************************************************************************
********************************************************
The following is the agenda for the DePelchin Service Project on Saturday,
July 15th:

8:45a.m.-9:00a.m.   - Meet at Depelchin Children's Center.       Please, see
attached file for Directions.
9:00a.m. - 9:15a.m. - Brief introduction by DePelchin's staff.
9:30a.m. - 12:00p.m. - Service Project.
12:30p.m. - Lunch.    End of Project

Make sure to come and pick up your free A/A T-Shirts as well as a detailed
map of DePelchin at EB0603b on the 6th floor.

Please note to which team you have been assigned:

******************************************************************************
********************************************************


Attached is the revised SPA Amendment incorporating Zisman's comments.
Please let me know if I am authorized to release this to AES.  Best regards.

Aaron P. Roffwarg
Bracewell & Patterson, LLP
South Tower Pennzoil Place
711 Louisiana St.
Houston, Texas 77002
(713) 221-1117 (Ph)
(713) 221-2184 (Fax)

CONFIDENTIALITY STATEMENT:
This information is intended only for the use of the individual or
entity to which it is addressed and may contain information that is
privileged, confidential, and/or exempt from disclosure under applicable
law.  If you are not the intended recipient, you are hereby notified
that any dissemination of this information is strictly prohibited.  If
you have received this information in error, please notify us
immediately by telephone at (713) 221-1117 or by fax at (713) 221-2184,
and confirm that you have destroyed this information and any copies.
Thank you.

>>> <Ben.F.Jacoby@enron.com> 04/30/01 10:02AM >>>

Aaron:

Please check with Stuart / Kay on this. We need to send it out as soon as
possible. Thanks,

Ben

"Aaron Roffwarg" <aroffwarg@bracepatt.com> on 04/27/2001 04:54:12 PM

To:   <Ben.Jacoby@enron.com>, <Chris.Booth@enron.com>,
<Kay.Mann@enron.com>, <Stuart.Zisman@enron.com>
cc:
Subject:  AES/Haywood Site--SPA Amendment

Per my discussions with Ben and Stuart, attached is a new redline of the
SPA Amendment reflecting the revised business terms.  Please call me with
comments.  Please note that this has not been sent to AES or its attorney
yet.  Best regards.

Aaron P. Roffwarg
Bracewell & Patterson, LLP
South Tower Pennzoil Place
711 Louisiana St.
Houston, Texas 77002
(713) 221-1117 (Ph)
(713) 221-2184 (Fax)

CONFIDENTIALITY STATEMENT:
This information is intended only for the use of the individual or
entity to which it is addressed and may contain information that is
privileged, confidential, and/or exempt from disclosure under applicable
law.  If you are not the intended recipient, you are hereby notified
that any dissemination of this information is strictly prohibited.  If
you have received this information in error, please notify us
immediately by telephone at (713) 221-1117 or by fax at (713) 221-2184,
and confirm that you have destroyed this information and any copies.
Thank you.

(See attached file: Red-AMENDMENT NO 1 TO SPA.doc)


Steve, would like your reaction to this......thanks.

 -----Original Message-----
From:  Pieper, Kalen
Sent: Tuesday, May 29, 2001 7:41 AM
To: Barnard, Marla; Jones, Robert W.- HR Exec; Joyce, Mary; Lynch, Drew;
Olson, Cindy; Smith, Gary P.
Subject: Promotion Criteria -

As promised, attached are the promotion criteria that David and team have
drafted.  Please get comments back to all on list by 6/11.    The decisions
below were agreed to for mid-year HR PRC:

There will be no Sr. Director roles within HR.  We will not promote any HR
employees to this title this year.  We will grandfather those that are in
currently in Sr. Director and VP titles unless peformance dictates otherwise.
Sr. Directors and some VPs will be PRCed with the Directors
We will discuss the Analysts and Associates that were rated 1 or 2 and ensure
that we are considering Analysts and Associates in our staffing process.

Let me know if I left anything out.  Have a great week
kp


Morgan Stanley owns a power plant in Reno, off of Tuscarora.  The plant is a 360 MW peaker plant with an inefficient heat rate of 12500.  They reverse toll by selling Malin and buying either COB or NOB power.

Mike


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

 - 11-27 0900 Report.xls


We are short 100 mw's in the Ercot Asset book for hours ending 7-22.    We want to remain that way,  unless the balancing energy market goes haywire.
We would need to delete our SC counterparty EL Paso and input a replacement QSE in the portal if this is filled.
Enpower shows 100 mw's coming from Ercot imbalance.

This deal would need to be cut and replaced with the power that was purchased for bal-day,  etc.

Thanks,
JMF


Today the Commission issued the following orders pertaining to transmission interconnection:

AEP -- Order granting rehearing on issue of interest on transmission credits for network upgrades (ER01-2163):  Commission reversed its July 26 decision in which it  refused to require AEP to pay interest on credits for system upgrades.  The Commission noted that it will be initiating a generic rulemaking in the near future on interconnection procedures.  However, in the interim, its policy is that "the addition of an interest payment in connection with system upgrades is appropriate."

NYISO - Cost responsibility for new interconnections.  (ER01-2967):  The Commission approved tariff changes by NYISO allocating cost responsibility for interconnection facilities.  The provisions allocate to developers 100% of the cost of facilities necessary to physically interconnect the project.  Additionally, developers are allocated the coswts for transmission system upgrades that would not have been made "but for" the interconnection, minus the cost of any facilities that the NYISO's regional plan dictates would have been necessary anyway for load growth and reliability purposes.

Please contact me if you need further information.

Susan Lindberg
x30596


Good Morning,

Enpower's Deal Blotter is now up and running in Portland.  The local routing
daemon was hung and the server had to be rebooted.

Thanks,  David Poston


The meeting that was scheduled for today at 1:00 p.m. to discuss prospective
legal specialist candidates has been rescheduled for tomorrow (Tuesday, April
25) at 11:00 a.m. in 38C1.


Flip these asap.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 03/28/2001
01:27 PM ---------------------------

Jeffrey C Gossett
03/28/2001 12:55 PM
To: Phillip M Love/HOU/ECT@ECT
cc:
Subject: Deals still to be flipped to FT-US/CAND-ERMS book by end of the day.

---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 03/28/2001
12:54 PM ---------------------------

Stacey Vallejo
03/28/2001 12:51 PM
To: Jeffrey C Gossett/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Kam
Keiser/HOU/ECT@ECT
cc: Sherry Dawson/NA/Enron@Enron
Subject: Deals still to be flipped to FT-US/CAND-ERMS book by end of the day.

Hi guys,

Here is a list of the deals that I've come across in the different books that
still need to be flipped to the P& book by the end of today.

FT-CENT

QU4059.1

FT-NORTHWEST

FT-ONTARIO

FT-WEST

GD-CENTRAL

NG-EXOTIC

QY3631.1

NG-PRICE

These were the only books that I found deals to be flipped.  I was looking
for all deals that are to settle during March and April 2001 with ECC.  If
you find any others that I might have missed, please flip them.

Please let me know if you have any questions on this.  Thanks for all your
help

Stacey


So 31 percent came from munis???

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Wednesday, July 18, 2001 4:19 PM
To: skean@enron.com; Shapiro, Richard; Steffes, James; Mara, Susan;
Kingerski, Harry; Lawner, Leslie; Tribolet, Michael; Walsh, Kristin; Denne,
Karen; mpalmer@enron.com; Guerrero, Janel; Kaufman, Paul; Landwehr, Sue M.;
Robertson, Linda
Subject: CAISO cuts refund estimate to $6.1B from $8.9B

Calif ISO Cuts Power Refund Estimate To $6.1B From $8.9B
Updated: Wednesday, July 18, 2001 11:53 AM ET

By Mark Golden

Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--California's estimate of how much the state was
overcharged by power suppliers dropped to $6.1 billion from $8.9 billion when
an adjustment requested by a Federal Energy Regulatory Commission judge was
taken into account, according to data submitted to FERC last week.

The California Independent System Operator's estimate fell when the grid
operator excluded power bought by utilities not under its purview, and its
estimate could fall again as it works in other recommendations made by the
judge following the conclusion of 15 days of talks between power suppliers
and the state over potential refunds last week.

Even as the ISO continues to recalculate its refund estimate, however, the
state is sticking to the original $8.9 billion figure, which has been called
arbitrary by critics. The $6.1 billion estimate merely establishes "a
potential framework for settlement discussions," Eric Hildebrandt, the ISO's
chief analyst on the matter, told the FERC.

FERC administrative law judge Curtis Wagner, who has dismissed the $8.9
billion figure as baseless and criticized California's delegation for not
negotiating in good faith, estimated in his report on the talks that refunds
due may amount to about $1 billion. Power suppliers offered just over $700
million.

Wagner has recommended FERC hold a 60-day hearing to set the level of refunds
and has told the ISO to revise its estimate of what California is owed.

The ISO's original $8.9 billion figure included electricity sales to
municipal utilities and alternative energy suppliers that didn't go through
the ISO's wholesale markets, the California Power Exchange or the California
Department of Water Resources. Without direct knowledge of the prices of
those purchases, the ISO made estimates.

"We know the volume (of the bilateral deals)," Hildebrandt said. "The refund
amount was based on extrapolation of observed prices in the spot market."

Resetting The Baseline

Wagner told the ISO to recalculate its figure using only sales through the
ISO and CalPX markets - which were set up by the state's deregulation law for
California's three investor-owned utilities to purchase power - in addition
to sales to the California Department of Water Resources.

The DWR has been buying power for the utilities since PG&E Corp. (PCG, news,
msgs) unit Pacific Gas & Electric Co. and Edison International (EIX, news,
msgs) unit Southern California Edison ran out of cash in January. DWR has
also been covering the needs of Sempra Energy (SRE, news, msgs) unit San
Diego Gas & Electric Co.

In arriving at his new estimate, the ISO's Hildebrandt also recalculated fair
prices - the baseline against which refundable amounts are determined - by
retroactively applying the price controls FERC imposed June 19. Those
controls set prices by the operating costs of the least efficient generator
needed to meet demand each hour.

But last week, after Hildebrandt completed his $6.1 billion estimate, Wagner
recommended to FERC commissioners that the June 19 price control formula be
modified when used retroactively to determine refunds.

Those modifications, if applied to the ISO's estimate, would cut refunds much
further. For example, FERC's price limits are now based on a monthly average
of natural gas prices covering supplies throughout the state. Wagner
recommended using power producers' actual gas costs. Since gas is
considerably more expensive in southern California, using actual prices would
cut potential refunds sharply.

Also, Wagner said that refunds should be ordered on sales only as far back as
Oct. 2, which would reduce the total amount claimed by California by about
one-third, according to Hildebrandt's previous monthly breakdown.

ISO staff is again recalculating the refund estimate to reflect some of
Wagner's recommendations, but the ISO will still include sales back to May
2000, said spokeswoman Stephanie McCorkle.

"The reason we're not going back just to Oct. 2 is that all of the
overcharges going back to May should be repaid," McCorkle said. "We just
maintain that position."

FERC Baseline Questioned

In addition, Hildebrandt argues in his recently released estimate that when
fair prices are calculated retroactively using FERC's new formula, the price
cap should be based on the least efficient generator the ISO knows to have
been available, not the least efficient generator actually used to meet
demand.

That's because the FERC's new price controls require all available generators
be made available to the ISO at any time, Hildebrandt said.

Applying that rule would raise the ISO's revised estimate substantially: to
$7.7 billion from $6.1 billion.

One of the ways generators managed to manipulate prices higher, Hildebrandt
said, was to not offer cheaper power from more efficient units. Considering
only the least efficient generator actually used would make permanent the
rewards for such withholding, he said.

"The judge is in error to suggest that the actual (least-efficient) unit used
would have been called on if the must-offer requirement were in effect,"
Hildebrandt said in an interview.

In arriving at his estimate, Hildebrandt determined the difference between
actual sales prices and what prices would have been for every seller and for
every hour since May 1, 2000, had price controls been in effect. The ISO
released only the total potential refund, not the company-specific shares.

Hildebrandt took issue with generating companies that have complained his
numbers aren't justified.

"These are based on very tangible records," he said. "The idea that it's a
black box is misleading."

-By Mark Golden, Dow Jones Newswires; 201-938-4604; mark.golden@dowjones.com

(Jason Leopold in Los Angeles contributed to this article.)


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Attached is the revised September YTD Origination Schedule which includes MPR Activity.

I will be sending each team their schedule & supporting detail.  I will be asking that all revisions be submitted by Wednesday, October 31.

Let me know if you have any questions.

 -----Original Message-----
From: 	Killen, Faith
Sent:	Wednesday, October 17, 2001 4:04 PM
To:	Carter, Carol
Subject:	FW: End of quarter origination numbers

let's discuss

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Wednesday, October 17, 2001 3:57 PM
To:	Killen, Faith
Subject:	RE: End of quarter origination numbers

I think we need to include groups with MPR where is was originated this year.

 -----Original Message-----
From: 	Killen, Faith
Sent:	Wednesday, October 17, 2001 3:24 PM
To:	Kitchen, Louise
Subject:	RE: End of quarter origination numbers

Generations Investments YTD balance is all MPR activity, so we didn't pick up b/c we're showing only originations- should we add? I don't see any originations tagged to him specifically.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, October 15, 2001 5:58 PM
To:	Killen, Faith
Subject:	FW: End of quarter origination numbers

I think we are missing - Generation investments and Mitch Robinson's group.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Friday, October 12, 2001 5:13 PM
To:	Calger, Christopher F.; Milnthorp, Rob; Tycholiz, Barry; Lagrasta, Fred; Curry, Mike; Jacoby, Ben; Luce, Laura; Vickers, Frank W.; Llodra, John; Kroll, Heather; Redmond, Brian; Forster, David; Williams, Jaime; Miller, Don (Asset Mktg); Josey, Scott; Mrha, Jean; Baughman, Edward D.
Cc:	Killen, Faith
Subject:	End of quarter origination numbers

Q3 now over, you will each be receiving in the internal mail a copy of the origination numbers associated with each of your groups.  Please could you ensure the numbers are both;

(i) Correct, and
(ii) Correctly allocated

Should employees have left the group or company please do not allocate the amount to another originator as this will distort the numbers, just leave the name of the employee and number in place although they have left.   These numbers will be used as a (obviously only one component) component of performance review.  As you know we also monitor the soft targets so please ensure these are correct too.   If you want to check your progress on soft targets - these are available from Faith.

Please send all alterations to Faith Killen or call her on 30352.

Thanks

Louise


Andy can trade all regions and all commodities (just like a desk head).    He is replacing Harry.

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Tuesday, February 05, 2002 11:23 AM
To:	Presto, Kevin M.
Cc:	Evans, Casey; Vinson, Donald Wayne
Subject:	Andy Zipper

Should we request the LT-Option book to be attached to Andy Zipper?  Any other books needed for him?  Will he be allowed to trade all regions?

Thanks,
Stacey


---------------------- Forwarded by Chris Germany/HOU/ECT on 12/30/99 08:08
AM ---------------------------

emcmurr@columbiaenergygroup.com on 12/29/99 03:09:22 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Enron 24 Hour contacts

---------------------- Forwarded by Eric McMurry/CES/ColumbiaGas on 12/29/99
03:16 PM ---------------------------

Eric McMurry
12/29/99 02:22 PM

To: chrisgermany@enron.com
cc:
Subject: Enron 24 Hour contacts

Chris, Attached are the memos we sent out for 24 hour contacts.

Call with any questions

Eric   McMurry      713-693-2821

 - CG&E.doc
 - NIMO.doc
 - Hopewell CoGeneration L.doc
 - enrontransition.doc


Attached is a revised Credit Watch listing for the week of 5/21/01.   Please note that The Paralan Company and SGL Carbon, LLC were added to the Credit Watch List.  Also, Southstar Energy Services, LLC had been moved to "NO TRADES".
If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report.
To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002.
For other questions, please contact Jason R. Williams at x5-3923, Russell Diamond at x5-7095, or Veronica Espinoza at x6-6002.


Jeff:

We are going to send you additional tariff material (today hopefully) - so
please hold off on any circulation internally.

Let me know any questions.

Jeremy
B & C


Sounds good.  See you at 11.

Best,
Jeff

	Michael Etringer/ENRON@enronXgate
	07/31/2001 04:26 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Alan Comnes/ENRON@enronXgate, Jonalan Page/ENRON@enronXgate, Angela
Cadena/ENRON@enronXgate, Andrea Woodland/Enron Communications@Enron
Communications
		 Subject: RE: QF Ideas

Sounds good.

I have reserved Mt. Bachelor conf room for 11:00 tomorrow.

Also, I am forwarding the invite to Alan Comnes, Jonalan Page ,Angela Cadena
and Andrea Woodland.  They were a part of the discussion with Dave.

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Tuesday, July 31, 2001 2:11 PM
To: Etringer, Michael
Subject: RE: QF Ideas

Howzabout 11 AM?

	Michael Etringer/ENRON@enronXgate 07/31/2001 03:58 PM 	   To: Jeff
Dasovich/NA/Enron@Enron  cc:   Subject: RE: QF Ideas

I can be available most of the day except 2:00-3:00.  Let me know if you have
a set meeting schedule.

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Tuesday, July 31, 2001 1:48 PM
To: Etringer, Michael
Subject: QF Ideas

Hi Mike:
Parquet found me to talk about the QF ideas that you guys are bouncing
around.  I'll be in Portland tomorrow.  You have some time to sit and discuss
a bit?

Best,
Jeff


IPC WILL RESUPPLY ALL 25 MW'S LLOAD REAL TIME...SEE NOTES FOR DETAILS
THANKS
MIKE


Please have the technician bring another network cord for the laptop.  I
would like to connect it to the nortel hub as well.  My laptop is here at
work, so if they need it to install the VPN, etc., please let me know.

Thanks,

Mike Grigsby


I will check with Andrea and provide some times as soon as possible tomorrow
- I think Andrea and I (or myself if Andrea is not available) should be
sufficient.  Thanks.  JM


The Energy Commission has approved a petition to add 7 acres to the High Desert Power Plant Project site. You may view the letter of approval at the following location:

http://www.energy.ca.gov/sitingcases/highdesert/compliance/index.html

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
If you would like to unsubscribe from this
list.  Please use our form located at:

http://www.energy.ca.gov/html/listservers.html

Nancy Hassman
California Energy Commission
Web Team

* * * * * * * * * *  * * * * * * * * * *   * * * * * * * * * *


Letter to Carl Harris
__________________________________________________
Do You Yahoo!?
Talk to your friends online with Yahoo! Messenger.
http://im.yahoo.com
 - Letter to Carl Harris.doc


Thanks.  Have a great Christmas!   Mark

	Angela Davis@ENRON
	12/20/2000 10:53 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: Barbara Paige/Enron@EnronXGate, Marc Poulson/Enron@EnronXGate
		 Subject: Custom Feeds, L.P.

Attached is the legal risk memo for HEOF II's investment in the above
referenced partnership.

Angela D. Davis
Enron North America Corp.
1400 Smith, Suite 3842
Houston, Texas 77002
Tele. (713) 345-8347
Fax:  (713) 646-3393
e-mail:  angela.davis@enron.com


Start Date: 1/10/02; HourAhead hour: 22;  HourAhead schedule download failed. Manual intervention required.


Looks good.  certainly an area we need more focus on.  Obviously the most
important aspect of lng is how much gas is coming in, what is that relative
to last year, and what new capacity is coming longer term.
As an aside, nat gas trades as a funciton of the storage spread to last year
and five year averages.  It would be very useful if all fundamental analysis
were geared the same way.  The fact that lng shipments are x this week is
meaningless.  the fact that they are y delta of last year is extremely
useful.  if you noticed in the fundies meeting, i was trying to move
discussion that way.  what's switching vis a vis last year.   whats
production relative to last year.  it simplifies the fundamental analysis.

From: Jennifer Fraser/ENRON@enronXgate on 03/12/2001 05:46 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: FW: LNG Weekly Update

An initial effort--please comment


Jason,

As we discussed, please route the message below to the approriate IT person
to retrieve the ETAs referenced.

Thank you.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/26/2000 10:37 AM
---------------------------
From: Tana Jones on 10/25/2000 03:26 PM
To: Lisa Lees/HOU/ECT@ECT
cc:
Subject: ETAs

Travis needs to get copies of the ETA's below.  I don't know if there is
someone here in Houston that can get them for him, or someone in London.  I
usually would have called Edmund on this but he's out sick for awhile.  Can
you track it down for us?  Thanks!
----- Forwarded by Tana Jones/HOU/ECT on 10/25/2000 03:24 PM -----

	Travis McCullough
	10/25/2000 02:43 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: ETAs

Tana -- I need the EnronOnline ETAs (faxes would be OK) for the following
countries:

Australia
Bermuda
Chile
Croacia
Czech Republic
Denmark
Japan
Mexico
Norway
Peru
Poland
Romania
Slovenia

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


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

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


fyi, pls review, tx, rick

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Tuesday, April 10, 2001 7:48 AM
To:	Buy, Rick
Subject:	FW: Proposed Trade Limits

Is this what you would need to have for the risk limits for the Board Meeting?     What else would you need from us.

 -----Original Message-----
From: 	Miller, Kent
Sent:	Monday, March 19, 2001 4:51 PM
To:	Hayslett, Rod; McCarty, Danny
Cc:	Ferrell, Lee; Neubauer, Dave
Subject:	Proposed Trade Limits

Rod and Dan,

As discussed in this morning's meeting, we have taken a look at the types of trades that we feel appropriately relate to our underlying transport and storage business (basis, spreads, fixed price) and recommend the following limits for the trade policy:

VAR:			$2 million
Net Open Position:	15 Bcf
Maturity/Gap Risk:	18 Bcf

I will set up a meeting for later in the week to discuss the approval process related to the policy and procedures.

Kent


>From: "Bill Glushko" <billglushko@hotmail.com>
>To: billglushko@hotmail.com
>CC: jfields@argentinc.com
>Subject: EOTT PL Tanks (compliance) database
>Date: Thu, 28 Jun 2001 17:11:35 -0500
>
>Latest tank list.
>99% complete, unless you request otherwise.
>
>Note that this list includes tanks that are still standing,
>regardless of whether they are inactive or permanently out of
>service.
>
>There are 8 sites which are affected by Texas annual inspection
>fees, with a cost of $58,000. (but possibly, after checking the
>tank strapping tables, might reduce to $51,000.) These fees would
>be due by 11/01 each year if the tank was operated during the
>previous Fiscal Year (Sep 1-Aug 31).
>
>The Teams told me that electric pumps are the norm at EOTT PL tank
>farms.  Crane has a Title V permit, but there were no combustion
>sources that would cause another site to exceed 100 TPY.
>
>The Texas tanks subject to NSPS K, Ka, or Kb are subject to an
>emissions fee, unless they are subject to an inspection fee and it
is >higher.
>
>In Texas, E&P facilities, crude oil and refined product pipelines, natural
>gas and LPG are regulated by the Railroad Commission.
>However, TNRCC has jurisdiction over the petroleum bulk stations.
>SIC code for a petroleum bulk station is 5171; for a crude pipeline
>is 4612. SIC 5171 either as a primary or secondary code is correct,
>and it generates a TNRCC inspection fee for 8 of the sites.
>Designating a 5171 code and/or paying an inspection fee will get the
>facility more attention from the state inspectors.  The need to document (2
>years recordkeeping required) tank seal inspections becomes critical.
>
>For TNRCC inspectors in south and east Texas, seal inspections
>on petroleum storage tanks with floating>roofs have been an item of
>interest for some time.  There is even a >requirement to notify the local
>environmental agency 30 days in >advance of refilling a floating roof tank
>or measuring the seal gap.  It is likely that >the EOTT stations have not
>been inspected because of the changes >in ownership, use of only 4612 SIC
>code, no TNRCC account number >assigned and no inspection/emissions fee
>paid.  But, sometime sooner than later, the inspector will come, and you
>want to be ready.
>
>Larry, I am very familiar with what is required with your crude
>stations and am finalizing a memo which will specify exactly what is
>needed. I recommend you move forward with the sugggested changes. With
>regard to the seal inspections... I can do them, or I can show you what
>you'll need for 100% compliance. Let me know.  Thanks!
- Bill Glushko 281 953-1014
>Argent
>
>

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

 - EOTT PL Tks 6-27.xls


Kevin McConville's now taking some credit for EnronOnline :-)

 -----Original Message-----
From: 	Connelly, Angela
Sent:	Wednesday, October 31, 2001 7:19 AM
To:	Jafry, Rahil
Subject:	FW: EnronOnline: India: Orbit-e to piggyback on energy trading

 -----Original Message-----
From: 	djcustomclips@djinteractive.com@ENRON
Sent:	31 October 2001 12:43
To:	182792@mailboy.enron.com
Subject:	EnronOnline: India: Orbit-e to piggyback on energy trading

India: Orbit-e to piggyback on energy trading
N. N. Sachitanand

10/25/2001
The Hindu
Fin. Times Info Ltd-Asia Africa Intel Wire. The Hindu Copyright (C) 2001
Kasturi & Sons Ltd. All Rights Res'd

  A recent report, authored by Mr. Jim Walker of Forrester Research,
estimates that online notional energy trading reached $400 billion in
the year 2000 - a whopping 750 per cent increase in volume over 1999.
Despite the global turbulence in e-business, energy companies jumped on
the Net bandwagon - investing in dot- com trading sites, building
private e-commerce platforms and forming industry consortia. Fighting to
gain online momentum, energy sites have aggressively refined their
offerings - extending into new areas such as financial products (like
natural gas futures and options contracts), non-energy commodities (such
as bandwidth, weather derivatives and metals) and niche services (like
managing information and evaluating trading risk).

  The Forrester report predicts that online energy trading will exceed
$3.6 trillion by 2005. The search for trading liquidity will restructure
the industry along three markets: (1) A central exchange aggregating
high-volume transactions for a limited number of standard products; (2)
Merchant platforms for buying and selling energy to match assets to
customer loads; and (3) solution sites for serving wholesale customers.
  This boom in online energy trading has provided a golden opportunity
for Bangalore-based Orbit-e, a consultancy start-up promoted last year
by Mr. Rahul Chawla, former CEO of the Indian arm of Cambridge
Technology Partners. Orbit-e was initially set up to provide consultancy
and devising solutions for trading in financial securities. Mr. Chawla
believed that the experience of Orbit-e in working with dealers in
financial securities could be leveraged to working with energy
traders.To boost its standing in the energy trading area, Orbit-e has
taken on as a managing partner, Mr. J. Kevin McConville, who was
Managing Director of Enron North America between 1998 and 2000. Enron,
according to the Forrester report, redefined online energy trading in
2000, accounting for $336 million of the total $400 million value
traded. By the end of the year, Enron's marketmakers conducted 74 per
cent of their trades through EnronOnline, rather than closing deals over
the phone.

  Orbit-e, which has now around 90 persons on board, secured its first
round of venture funding from Warburg Pincus in October last year.
Pointing out that the financing came at a time when venture funds were
fighting shy of the IT industry, Mr. Chawla claimed that this was an
indication of the sound prospects for the company due to the niche areas
it had selected.

  At a time when toplines in this industry are contracting, Orbit-e
expects to cross a turnover of Rs. 20 crores in the current year, up
from Rs. 8 crores last year.

Folder Name: EnronOnline
Relevance Score on Scale of 100: 81

______________________________________________________________________

To review or revise your folder, visit http://www.djinteractive.com or contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.)
______________________________________________________________________

Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved


Arvel,  I received your pressure data.  Unfortunately the contract pressure
is assessed against the 3 year period prior to the Effective Date of the
contract which is Oct. 19, 1993.  Any chance we would have any such data?
Ken Krisa is also checking to see if he has any such data.

Also, did we receive any quality information on Dakota production?  Thanks
for your help.


don't know if you have seen this...
---------------------- Forwarded by Brent A Price/HOU/ECT on 25/09/2000 16:21
---------------------------

	From:  Jeffrey A Shankman                           20/09/2000 12:37

To: Brent A Price/HOU/ECT@ECT
cc:
Subject: Shared Services

fyi
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 09/20/2000
12:38 PM ---------------------------

John Sherriff
09/20/2000 03:32 AM
Sent by: Lauren Urquhart
To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Jeffrey
McMahon/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Steve Elliott/Enron
Communications@Enron Communications, Matthew Scrimshaw/LON/ECT@ECT, Richard
Causey/Corp/Enron@ENRON, Greg Whalley/HOU/ECT@ECT
cc: Michael R Brown/LON/ECT@ECT, Mark Frevert/NA/Enron@Enron, Lauren
Urquhart/LON/ECT@ECT
Subject: Shared Services

I am asking my assistant, Lauren to set up a video conference to discuss the
support services that Enron Europe is providing and how we
should move forward to make these more responsive to your needs, as well as
more efficient.   We will have a number of classic "centralized versus
decentralized" matters to resolve and I doubt if one size will fit all.  Keep
in mind that we have no desire to expand our empire.  In fact, from our
perspective if our non-commerical headcount got smaller it would be a great
outcome.  But the way it is has been going lately, we have been adding
non-commerical headcount at a record pace at the same time that each of us is
trying to massively expand our commercial business.

We put a freeze on non-commerical hires earlier this week while we try and
assess our space limitations and plan for the 2001 budge, so this is
important that we get your perspective soon on what will work for you.

Global Markets has already moved some of these services under Brent Price in
Houston but there are many other services which we need to consider as well
such as:
IT development
IT infrastructure
RAC
Credit
Risk Management
Legal
Accounts Payable
Tax
Building Services
Analyst & Associate recruiting
Senior recruiting
Expat services
Other HR
PR
Governmental Relations
SFA relations
Finance

I hate to think that we will need to form a committee to work this issue, but
that is a possibility.  If you have any suggestions for a process for working
these issues through, please send them out to this group or bring them to our
upcoming meeting.

John


You'd better be back in town!  Sara

	Yao Apasu@ENRON_DEVELOPMENT
	05/30/2000 03:25 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Marie Heard/Enron
Communications@Enron Communications@ECT
		 Subject: Re: Marie Heard

I can't wait. I hope to be back in town by then. See you all soon.

Yao

From: Suzanne Adams@ECT on 05/23/2000 09:40 AM
To: Carol St Clair/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT,
Susan Bailey/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Rod Nelson/HOU/ECT@ECT, John Suttle/HOU/ECT@ECT,
Paul Radous/Corp/Enron@ENRON, Erica Braden/HOU/ECT@ECT, Taffy
Milligan/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Becky Tlucek/HOU/ECT@ECT, Yao
Apasu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jason Peters/Corp/Enron@Enron,
Shari Stack/HOU/ECT@ECT, Marie Heard/Enron Communications@Enron Communications
cc:
Subject: Marie Heard

You are Cordially Invited To Attend A Party Celebrating The Privilege You
Had  Of Working With Marie Heard At ENA

Date:  June 9, 2000
Dress: Casual
Time:  6:00 P.M. Until 8:00 P.M.
Location:  3915 Coleridge (West University)
  Houston, Texas
  (713) 664-3207)
  (Driving Instructions Will Be Available)

Please RSVP To Suzanne Adams @ 713-853-7340
By June 4, 2000


Gary, Jill gave me information about two (2) power plants.  See attached.

 -----Original Message-----
From: 	Bryan, Gary
Sent:	Wednesday, October 17, 2001 11:39 AM
To:	Denetsosie, Troy
Cc:	Nemec, Gerald
Subject:	Texas Independent Energy Contract

Troy, can you call Jill Mearz with TIE and get the same contract information for Gerald. Please forward the information to Gerald as well. Jill (972) 455-2980

Gerald, we are bidding on gas for several IPP's with this company. They are wanting to get a copy of our contract ASAP to begin the initial review process. When Troy forwards you the contract information what would be the turn around for a hard copy and email I could send them.