Paul, we can give you $.04 into Kern or $.06 into WIC, but you'll need to
pick one or the other.  This is for November only.  Let me know.

Thanks!

----- Forwarded by Karen L. Taylor/Denver_MKT/PEFS/PEC on 10/25/01 10:22 AM
-----

                    Marc Bokelman
                                         To:     James D. Musgrove/RockyMtn/PEFS/PEC@PEC, Karl
                    10/25/01             Rydjord/Denver_Eng/PEFS/PEC@PEC, Danny N. Knutson/Field/PEFS/PEC@PEC,
                    10:16 AM             John S. Rogers/RockyMtn/PEFS/PEC@PEC
                                         cc:     Karen L. Taylor/Denver_MKT/PEFS/PEC@PEC, Greg
                                         Scoggin/Denver_MKT/PEFS/PEC@PEC, sanderso@aec.ca
                                         Subject:     Petrogulf allocation

We have told Enron we would give them 4MMcf/d of OTTCO transport to Kern
for November for the extra Petrogulf gas.  This will be in addition to the
10 MMcf/d allocated to Ultra gas.  I have heard the dehy bypass should be
done before this.  If not, we will have to send additional raw Jonah gas
around the JT to meet the 14 MMcf/d nomination.
----- Forwarded by Marc Bokelman/Denver_MKT/PEFS/PEC on 10/25/2001 10:08 AM
-----

                    Karen L.
                    Taylor               To:     sanderso@aec.ca
                                         cc:     Marc Bokelman/Denver_MKT/PEFS/PEC@PEC
                    10/25/2001           Subject:     Petrogulf allocation
                    07:43 AM

Sherry, we're going to have to bump up their allocation to more like
4mmcf/d.  let's discuss this morning.

Marc, perhaps we can let them nom this at OTTCO?  Enron has been wanting to
do a deal here.  It may already be too late since bid week is well
underway.


Mark,  Could you please review the attached.  The documents are for access to a commodities and derivative products online exchange.  ENA Upstream Company, LLC is the Enron entity needing access.  The last directive I received it that all these types of documents for trading platforms needed to be reviewed by you.  Let me know if I am mistaken.  Thanks.

-----Original Message-----
From: Thorne, Judy
Sent: Thursday, July 26, 2001 10:06 AM
To: Nemec, Gerald
Cc: Hodge, Jeffrey T.
Subject: FW: IntercontinentalExchange, LLC
Importance: High

Gerald,

Can you please take a look at the attached agreement. Kathy Kelly is trying to get set up on this system to get better trading information. Let me know if you have any questions.

Thanks,
Judy

-----Original Message-----
From: Kelly, Katherine L.
Sent: Thursday, July 26, 2001 10:03 AM
To: Thorne, Judy
Subject: FW: IntercontinentalExchange, LLC

Judy,

Can you please have either Jeff Hodge or Gerald Nemec take a look at this ASAP.  I would like to get us hooked up on this as quickly as possible.  Meaning 2 weeks ago.

Thanks,

Kathy

-----Original Message-----
From: Grass, John
Sent: Thursday, July 26, 2001 9:44 AM
To: Kelly, Katherine L.
Subject: FW: IntercontinentalExchange, LLC

Please have Jeff Hodge review this agreement for Natural Gas.  This is one of our top priorities.

-----Original Message-----
From: Duuna Richardson [mailto:duuna.richardson@intcx.com]
Sent: Wednesday, July 25, 2001 2:45 PM
To: 'jgrass@enron.com'
Cc: Pam Anderson; Pete Van Winkle
Subject: IntercontinentalExchange, LLC

Dear John,

Per Pam Anderson of Intercontinental, attached is some additional
information about The ICE.

First, is an electronically executed copy of our Participant Agreement
signed by each customer and second, our Service and Pricing Schedules.  If
you have any questions,  please call Chuck Vice  at 770.738.2129.  If not,
you may execute(and also state which name needs to appear on the system) and
return a copy to Pete Van Winkle's attention at the address below at your
earliest convenience.

Thank you for your interest.

Regards,

Duuna Richardson
IntercontinentalExchange, LLC
2100 RiverEdge Parkway, Suite 500
Atlanta, GA  30328
Tel:    770.738.2137
Fax:   770.951.5481
---------------------------------------------------

 <<Participant Agreement 080200.doc>>  <<Service and Pricing Schedules.doc>>


Nagesh ,

I would like to have the CPR Position Manager resorted for the Texas/HPLC
screen as Follows:

Houston Pipe Line
East Texas Gas Systems
NNGB
Humble Gas Pipeline
Oasis Pipeline Company
PG&E Valero
PG&E TECO
Remaining pipelines in alphabetical order.

In addition to this, please sort the location level (zones) under Houston
Pipeline as follows:

01-Thompsonville
14-South Texas
02-Robstown
19-King Ranch
11-Corpus
03-A/S South
04-A/S Central
07-A/S East
08-East Texas
15-Katy
16-West Loop
10-Ship Channel
Remaining zones in numerical order

Let me know if you have any questions or problems.  Thanks.

Daren


---------------------- Forwarded by Dawn C Kenne/HOU/ECT on 11/13/2000 11:23
AM ---------------------------

Dawn C Kenne
10/10/2000 07:11 PM
To: Darron C Giron/HOU/ECT@ECT
cc:

Subject: Synthetic Storage Liquidation Variances

Darron,

I am going to try to put my thoughts on paper, but call me if there are any
further questions...

For April, we have 1,390,618 of expense on the back page.  I have narrowed it
down to the following...
 Tagg #N06517 being double booked  $952,500  (the correct tagg # is N08646).
 The other side of the storage transaction is in 9/00 physical liquidation
file and it is for 1,866,000.
 Looks like double booking it actually made us money. Check it out though!

 137,000 in liquidations should have been moved to commodity expense to cover
transportations
 OA, but it wasn't., so we this is income for us.

 Two deals were booked in sitara but not tagg and, therefore, no liquidation
to cover the expenses.
 They are sitara #242510 and #128336.  The total of these equaled 429,477.

For May, we have 1,889,707 in income on the back page.  This comes from:
 Another deal booked twice....Tagg #N05499 was booked as duplicate (the right
one is #N08617)
 The other side (expense) of the deal was taken in Dec.99. Therefore, I see
this as true income!

 Tagg #NJ4479, I will have to talk with you about this.  I don't fully
understand it myself.

 93,924 (Tagg #NG0049), this should have been transferred to 3rd party
sales/purchases.
 This storage deal is booked directly with the third party.

I have not looked at July in full, but have some print outs to give you.

Please let me know if you have any further questions on this crap!  I am just
a phone call away.

Dawn
3-9353


Thank you.  I will ensure we get with Don Miller.

Laura

-----Original Message-----
From: Kitchen, Louise
Sent: Thu 1/3/2002 12:46 PM
To: Luce, Laura; Shepperd, Tammy R.
Cc: Shively, Hunter S.
Subject: RE: remote offices

I do not understand the Netco/Newco comments.

Clearly at this point Enron the estate should maintain the space until it is sold to a new buyer.  That would be a Don Miller/Fallon final call - but I think its a no brainer.

-----Original Message-----
From: Luce, Laura
Sent: Thursday, January 03, 2002 10:01 AM
To: Kitchen, Louise; Shepperd, Tammy R.
Cc: Shively, Hunter S.
Subject: FW: remote offices

Under commitments to PEC, Enron has commited to provide office, computers, trading systems, etc.  If this is changing, I need to know quickly.  I have been provided indications from several outside counterparties, some divisions within Newco and I thought Netco as holding interest in purchasing the Chicago business.  Due to the obvious indication of value for the joint venture with PEC, I believe it imperative that the business/office be operational until March, 2002, at a minimum.

Please advise.

Laura Luce

-----Original Message-----
From: Shepperd, Tammy R.
Sent: Thu 1/3/2002 9:20 AM
To: Luce, Laura
Cc:
Subject: FW: remote offices

Laura,
I understand that the Metals group has asked to keep the Chicago office open until Mar 31 to wind things down.  Do you have any new information on ENA's Chicago folks at this time?  We may ask for a 60 day extension under bankruptcy orders to terminate the lease.

Thanks,
Tammy

 -----Original Message-----
From:   Kitchen, Louise
Sent:   Wednesday, December 19, 2001 6:23 PM
To:     Shepperd, Tammy R.; Colwell, Wes
Cc:     Mccarthy, Lance; Corey, Paula; Helton, Susan; Miller, Don (Asset Mktg)
Subject:        RE: remote offices

OK

Please check with Don Miller too.  Netco does not want San Francisco going forward and probably not Chicago.

 -----Original Message-----
From:   Shepperd, Tammy R.
Sent:   Wednesday, December 19, 2001 4:25 PM
To:     Colwell, Wes; Kitchen, Louise
Cc:     Mccarthy, Lance; Corey, Paula; Helton, Susan
Subject:        remote offices

We have asked EPSC to pay the following leases for the month of January based on feedback from ENA commercial leadership.  My understanding is that we may still reject these leases under the bankruptcy if we do so by Feb 2.  I will revisit the status of these leases with you before February rents are to be paid.

Calgary
Portland
San Francisco
Chicago
Denver

I have also been contacted by Paula Corey,  who is working on the enterprise strategy for the retrieval and disposition of remote office contents in the event any of these offices are closed.  I will keep you posted on the recommendations.

Regards,
Tammy


Winston,
I am sending you FFD vol curves which are calculated based on 1 month (18
log-returns)
of data with 0.97 decay factor. These vols give $3.14 M in VAR for
STORAGE-PRC (versus 3.37 in production
for 5/30/00).

Tell me what I need to change in the format so that it is convenient for you.

Tanya


Any idea how I should handle this?
----- Forwarded by Mark Taylor/HOU/ECT on 03/01/2001 11:22 AM -----

	Cheryl Nelson@ENRON
	Sent by: Keegan Farrell@ENRON
	03/01/2001 11:03 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Remote Access Request

I would like permission to request remote access from home.  I have a
personal laptop, and it would benefit me greatly to be able to work out of
the house.  Thank you for your attention to this matter.  Sincerely,

Cheryl Nelson
Senior Counsel
EB3880D
(713) 345-4693


Hi Jason:

Per my voice mail, here's the package of materials for customers to use to
make sure key policy makers know that maintaining customer choice in
California is critical.  As I mentioned in the voice mail, the Legislature's
likely to move this week on a variety of fronts, so it's important that the
business community make its voice heard immediately and clearly.  If you
could forward this along to the SVMG members, it would be very helpful to the
fight for cusomer choice and greatly appreciated.  Information on how to
contact the key legislators is included.  Also included are "form" letters
that folks can print out, sign, and send.  If you have any questions, don't
hesitate to give me a call at 415.782.7822.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 04/02/2001 06:48 PM -----


----- Forwarded by Jeff Dasovich/NA/Enron on 03/10/2001 12:17 PM -----

	"Julee Malinowski-Ball" <jmball@ns.net>
	03/09/2001 06:59 PM
	Please respond to "Julee Malinowski-Ball"

		 To: "Jan Smutny Jones" <smutny@iepa.com>, "Steven Kelley" <steven@iepa.com>,
"Katie Kaplan" <kaplan@iepa.com>
		 cc: "William Hall" <wfhall2@duke-energy.com>, "Tony Wetzel"
<twetzel@thermoecotek.com>, "Sue Mara" <smara@enron.com>, "Steven Kelley"
<steven@iepa.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Steve Iliff"
<siliff@riobravo-gm.com>, "Stephanie Newell"
<stephanie-newell@reliantenergy.com>, "Ross Ain" <rain@caithnessenergy.com>,
"Roger Pelote" <roger.pelote@williams.com>, "Richard Hyde"
<rwhyde@duke-energy.com>, "Randy Hickok" <rjhickok@duke-energy.com>, "Paula
Soos" <paula_soos@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>,
"Marty McFadden" <marty_mcfadden@ogden-energy.com>, "Lynn Lednicky"
<lale@dynegy.com>, "Larrea, John" <John.g.Larrea@williams.com>, "kent
Palmerton" <kent.palmerton@williams.com>, "Ken Hoffman"
<khoffman@caithnessenergy.com>, "Kate Castillo" <ccastillo@riobravo-gm.com>,
"Kassandra Gough" <kgough@calpine.com>, "Jonathan Weisgall"
<jweisgall@aol.com>, "John Stout" <john_h_stout@reliantenergy.com>, "Joe
Ronan" <joer@calpine.com>, "Joe Greco" <jgreco@caithnessenergy.com>, "Jim
Willey" <elliottsa@earthlink.net>, "Jeff Dasovich" <Jeff.Dasovich@enron.com>,
"Jack Pigott" <jackp@calpine.com>, "Jack Hawks" <jack.hawks@gen.pge.com>,
"Hap Boyd" <rboyd@enron.com>, "Greg Blue" <gtbl@dynegy.com>, "Frank DeRosa"
<fderosa@sanfrancisco.usgen.com>, "Eric Eisenman"
<eric.eisenman@gen.pge.com>, "Eileen Koch" <eileenk@calpine.com>, "Ed Tomeo"
<ed.tomeo@uaecorp.com>, "Duane Nelson" <dnelsen@msn.com>, "Doug Fernley"
<fernley.doug@epenergy.com>, "Dean Gosselin" <dean_gosselin@fpl.com>, "David
Parquet" <dparque@ect.enron.com>, "Curtis Kebler"
<curtis_l_kebler@reliantenergy.com>, "Curt Hatton" <Curt.Hatton@gen.pge.com>,
"Craig Chancellor" <craigc@calpine.com>, "Cody Carter"
<cody.carter@williams.com>, "Carolyn Baker" <cabaker@duke-energy.com>, "Bob
Gates" <bob.gates@enron.com>, "Bob Escalante" <rescalante@riobravo-gm.com>,
"Bob Ellery" <bellery@spi-ind.com>, "Bill Woods" <billw@calpine.com>, "Bill
Carlson" <william_carlson@wastemanagement.com>, "Quan-Hill, Danielle"
<danielle.quan-hill@mirant.com>, "Chris Ellison" <CTE@eslawfirm.com>, "Doug
Kerner" <runwithmee@aol.com>, "Andy Brown" <ABB@eslawfirm.com>, "Dave
Modisette" <dmodis@ns.net>
		 Subject: Legislative Status Report Week Ending 3/9

Date: 3/9/01
To: Jan Smutny-Jones, Steven Kelly, Katie Kaplan
Cc: IEP Board of Directors
From: Julee Malinowski-Ball, Edson + Modisette
RE: Legislative Status Report Week Ending 3/9

RECENT EVENTS:

-- AB 60x (Hertzberg) is going to be amended before its hearing on Monday.
The original version would have required, as a condition of permitting a
powerplant, developers to offer to sell the power to California entities.
The new amendments do not appear to address IEP,s concerns with the measure
and may be even worse.  IEP is currently reviewing the following language
and is expected to maintain its opposition:

Section 25525.3 is added to the Public Resources Code, to read:
(a) Notwithstanding any other provision of law, the commission shall
require, as a condition of certification, that the applicant shall offer to
enter into a contract to sell to an electrical corporation as defined in
Section 218 of the Public Utilities Code, a municipal corporation as defined
in Section 9601 of the Public Utilities Code, or the Department of Water
Resources, electrical power generated by the facility as its initial and
continuing available capacity on terms not less favorable than the terms of
the next offer that the applicant makes for the sale of electrical power
generated by that facility.
(b) This section applies to applications filed prior to the effective date
of the act that added this section that have not been certified by the
commission prior to that date.
(c)  Nothing in this section shall be construed to authorize the commission
to delay the adoption of a final decision in any proceeding in which public
record has been closed and submitted for a final decision.
(d)  The commission shall adopt rules and regulations for the implementation
and enforcement of this section.

-- AB 8x (Migden), which would give the EOB additional and undefined powers
related to the coordination of operation and maintenance schedules, passed
the Assembly Appropriations committee.  As a follow-up to the policy
committee hearing, IEP submitted comments and amendments to the author,s
office.  Before any changes to the bill are made, Migden,s office has
indicated their preference for a larger stakeholder meeting to address these
and others concerns, which is unlikely to occur before the bill passes off
the Assembly floor next week.  IEP,s primary interest is getting changes to
the bill that it can live with before it reaches the Senate policy
committee.

-- SB 39x (Speier), which would define generators as public utilities and
put the CPUC in the role of coordinating outages and maintenance schedules,
passed out of the Senate Appropriations Committee with little change.  One
of the amendments taken would clarify that only owners of the divested
plants would be subject to the provisions in the bill.  Several generators
met with Speier this week to plead their case with little affect.  The
measure will go to the Senate floor next and is expected to pass.  Where
this measure will find difficulties is in the Assembly, which will have
already passed out AB 8x (Migden), which accomplishes the same goals as SB
39x.  Chances are that the Assembly ECA committee would hold SB 39x in
deference to the committee,s position on AB 8x.  The same could be said for
AB 8x on the Senate side, but AB 8x came from the Administration which may
give it more weight to move it forward.

-- The Senate Energy Committee heard SB 47x (Battin), which lowers the
payments of the purchase power agreements between the QFs and the IOUs, but
did not vote on the measure.  Senator Bowen, Chair of the committee, was
intent on discussing selected provisions of the bill and their relationship
to public policy objectives before she felt comfortable taking a vote.  She
indicated a desire to continue discussions with stakeholders to address and
clarify issues and concerns in the bill, and bring it up for another hearing
and vote most likely next Tuesday.  IEP continues to seek support for the
measure and add co-authors.

-- The Senate Energy Committee also heard SB 28x (Sher/Battin), which makes
various changes to the siting process including many IEP-sponsored
proposals.  So far this is the most comprehensive and positive siting bill
introduced, with the greatest chance of moving forward.  The bill passed out
of the committee on a 9 to 0 vote even though most of the environmental
community testified in opposition.  Chris Ellison and I are continuing to
work with the authors, staff to develop additional language which should be
available before the measure goes to the Assembly.  Senator Bowen, however,
has indicated she will bring it back to her committee for another hearing if
there are any significant changes, slowing the bill,s progress.

-- AB 36x (Wright), which would apply specified repower projects to the
6-month expedited siting process established in AB 970 (2000), passed out of
the Assembly Appropriations Committee.  IEP testified in support of the
bill, still noting we were still working with the author on language.  IEP
continues to believe that with the current language, few, if any, projects
would qualify and is working with staff on fixing that.

--  Attached is the most recent legislative tracking reports, both the
special session and regular session.  Please let me know if you need copies
of any of these bills.

UPCOMING EVENTS:

MONDAY, March 5th
Senate Appropriations Committee
SB 28x (Speier) ) makes various changes to siting process

Assembly Energy Costs and Availability Committee
AB 38x (Jackson) ) provides financial incentives for renewable generation
AB 60x (Hertzberg) ) ties &California first8 language to the siting process.

Assembly Revenue and Taxation Committee
AB 62x (Cohn) ) relating to local property taxes

--end--

Julee Malinowski-Ball
Senior Associate
Edson + Modisette
916-552-7070
FAX-552-7075
jmball@ns.net

 - 2001 Tracking Report.doc
 - 2001 Tracking Report.special session.doc


Start Date: 3/9/01; HourAhead hour: 8;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030908.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 8 / Preferred:   3.00 / Final:   0.97)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/9/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_LUCKY
  ENGY_TYPE: NFRM


Please note that I will be out of the office Thursday and Friday (December 14
& 15).  Camalla (pronounced like Pamela but with a "C") Washington will be
sitting in for me both days.  Please call her if you need assistance.  As a
back-up, please call Chantelle Villanueva (x36279).

Thanks,
Patti x39106


Steve, thanks for the helpful materials. However, if the experience in
overseas deregulating electricity markets where price increases and spikes
have occurred is any precedent, we will need to have some more down-to-earth
responses to a some of the potentially inflammatory issues facing the
politicians:
    1. When the prices spike, who reaps the windfall? Who sells that most
expensive 1% of the kwh? Is it a careful planner or a lucky speculator or
market manipulator? Someone is making a bunch of money off the screwed up
system. Who is it, and why is that OK?
    2. We do not allow people to inflate water prices to consumers in times
of drought, or food prices in times of hurricanes or floods. Even gasoline
price increases in periods of high demand are within 20%-30% of the base, not
2,5,10 or 100 times the average like spot electric prices. The issue isn't
whether the system is broken or not or how bad partial regulation is or how
much demand has increased versus supply. Thes will be seen as "ivory tower"
discussions. The populist political issue is, until the problem is fixed, why
should some shrewd big electric company or middleman be allowed to profit off
the misfortune of consumers who did not cause the problem? Why should anyone
be allowed to profiteer by selling at multiples above their generation cost?
    3. The hedges, fixed price contracts and other de facto insurance against
volatility that Enron or others offer could be seen as a symptom of the
problem rather than the solution.  Enron could be seen as at best a band aid
and at worst an opportunist made possible only by a broken system - - -sort
of like the guys who ran the old style protection rackets, or Colombian
"security consultants" who "guard " pipelines from the threats their guerilla
afiliates create, or  political risk insurance that you shouldn't really need
if the host country wasn't so screwed up. Don't worry about high crime in
your neighborhood -  - - just hire an off-duty policeman.   Who needed these
new electricity risk management products in the old days before deregulation?

    We have to be able to answer these types of questions at the level of the
ordinary citizen, not merely have the correct long-term competitive market
solution, or the forces of ignorance and re-regulation will gain momentum.
Are we sure we shouldn't back a temporary peak hour price cap  until the
regulatory problems we're all familiar with are worked out, to avoid a much
worse long term rollback?. - - -DLH

Steven J Kean@EES
08/14/2000 05:42 PM
Sent by: Maureen McVicker@EES
To: Executive Committee
cc: Gavin Dillingham/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph P
Hirl/AP/ENRON@ENRON, Jeannie Mandelker/HOU/ECT@ECT, Nicholas
O'Day/AP/Enron@Enron, Mark Schroeder/LON/ECT@ECT, Richard
Shapiro/HOU/EES@EES, James D Steffes/HOU/EES@EES

Subject: Talking Points re "reregulation" in California

As I promised this morning at the executive committee meeting, below are some
talking points for your use.

Overall message:  the market is working, regulation is not.

In California, peak demand rose by 10% over the last 4 years while new
capacity grew by only 2%.  But, as you would expect, the market responded by
proposing 8,000MW of new generation - - more than enough to offset the peak
demand growth.  The regulatory process, at both the state and local level,
has failed to site this new generation.  The problem is regulation, not
deregulation.

When San Diego customers began experiencing the effects of higher prices,
Enron responded with a fixed price which would have shielded San Diego
customers from price volatility and provided prices below their current
summer levels (Enron's price was about $55/MWH).  After publication of
Enron's offer, nine other companies made offers.  Again, the market responded
where regulation failed.  San Diego has not accepted any of these offers
because of regulatory/legislative restrictions on its ability to buy outside
of the PX (i.e. the spot market).

In markets where siting is easier, suppliers have moved to build additional
generation.  Enron built 3 plants in response to the 1998 price spikes.
Those plants were planned, sited and built in less that 12 months - - in time
for the summer of 1999.  Where regulatory hurdles are lower, the market
responds.

The solution to current pricing and reliability issues is more competition
not reregulation.  Policy makers should:

Open the transmission grid so that power can get from where it is to where it
is needed.

Expedite interconnection of new generation.

Expedite siting of new facilities.

Give customers a choice, so that they have better access to demand side
solutions.

Also attached is a more detailed discussion of California, prepared by Jeff
Dasovich of our San Francisco office.


Lindsay Renaud
EnronOnline
(713) 345-3703

<Embedded Microsoft Excel Worksheet>


---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/07/2001
08:54 AM ---------------------------

Ray Alvarez@TRANSREDES
02/07/2001 07:42 AM
To: Richard Shapiro@Enron
cc:

Subject: Dave Barry's thoughts on CA's electrical storage

Rick, thought you might enjoy this alternative theory on the root cause of
Cal's problem.  Ray

---------------------- Forwarded by Ray Alvarez/TRANSREDES on 02/07/2001
09:39 AM ---------------------------

Steve Hopper
02/07/2001 08:47 AM

To: Ricky Lynn Waddell/SA/Enron@Enron, John Novak/SA/Enron@Enron, Laine A
Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peter E Weidler/NA/Enron@Enron,
Ray Alvarez/TRANSREDES@TRANSREDES, Doug Farmer/TRANSREDES@TRANSREDES
cc:

Subject: Dave Barry's thoughts on CA's electrical storage

Feb. 2, 2001, 8:06PM

The rest of us should tell California to go fly a kite

By DAVE BARRY

When we consider the serious electricity shortage in California, our
reaction, as concerned Americans, is: Ha ha!

No, seriously, we are alarmed. Because history teaches us that whatever
happens to California -- smog, road rage, tofu, coffee that is mainly air,
cell  phones, the belief that abdominal muscles are attractive, Shirley
MacLaine,  people taking in-line skating seriously, grandmothers sporting new
and  flagrantly inappropriate bosoms -- eventually happens to the rest of the
nation.  Thus it is vital that we analyze the California electricity shortage
and see if  we can develop a workable solution before we become bored and
change the  subject.

Our first question is: What, exactly, is electricity? When we look in our
Microsoft Encarta encyclopedia, we see that "electricity" is defined  as a
"class of physical phenomena resulting from the existence of charge  and from
the interaction of charges." What does this mean, in lay-person's  terms?

It means that whoever wrote the Microsoft Encarta encyclopedia is a big, fat
dope. Because we know from our junior-high-school science training that
electricity is actually a fast-moving herd of electrons, which are tiny
one-celled animals that can survive in almost any environment except inside
a  double-A battery, where they die within minutes.

Electrons are formed when clouds rub together and become excited. This was
proved in the famous experiment wherein Benjamin Franklin flew a kite during
a  thunderstorm and was almost killed. Encouraged by this success, Franklin
went on  to conduct many more electrical experiments, including rolling a
hoop in a  thunderstorm, playing hopscotch in a thunderstorm and doing
somersaults in a  thunderstorm.

Finally one night he was caught wearing only a bonnet and playing Mister
Pooter Rides the Pony in a thunderstorm, leaving the authorities with no
choice  but to arrest him and make him ambassador to France.  Nevertheless,
Franklin had proved an important scientific point, which is  that electricity
originates inside clouds. There it forms into lightning, which  is attracted
to the earth by golfers.

After entering the ground, the electricity hardens into coal, which, when
dug  up by power companies and burned in big ovens called "generators,"
turns back into electricity, which is sent in the form of "volts"  (also
known as "watts," or "rpm" for short) through special  wires with birds
sitting on them to consumers' homes, where it is transformed by  TV sets into
commercials for beer, which passes through the consumers and back  into the
ground, thus completing what is known as a "circuit."

But enough technical talk. The problem is that California is running out of
electricity. The situation is so bad that in some hospitals, they don't have
enough electricity to power those electric-shock paddles that get people's
hearts started again; instead, the doctors and nurses have to hold hands,
scuff  their feet across the carpet in unison, then shout "CLEAR!" as they
touch the patient's chest.

Who is responsible for California's electricity shortage? You could blame
the  power companies; or you could blame environmental wackos; or you could
blame the  entertainment industry, which uses more than 750 billion watts of
electricity  per day just to blow-dry the hair of the cast of Dawson's Creek;
or you  could blame (why not?) the Firestone tire company. But you would be
wrong.  Because obviously the real cause of the California electricity
shortage is:  college students.

I base this statement on widespread observation of my son, who is a college
student, and who personally consumes more electricity than Belgium. If my son
is  in a room, then every electrical device within 200 yards of that room --
every  light, computer, television, stereo, video game, microwave oven, etc.
-- will be  running. My son doesn't even have to turn the devices on; they
activate  themselves spontaneously in response to his presence.

Now take my son and multiply him by the number of college students in
California, which according to my research is (EDITOR: Please insert number
of  college students in California) and you see my point, which is (EDITOR:
Please  insert my point).

The question is: What can the rest of us do to help our fellow
countrypersons  in California? The answer is that we can send them our spare
electricity. Just  imagine what would happen if all the households in this
great and generous  nation got out their extension cords and connected them
together, forming a  giant electrical "chain of helping" across the fruited
plain to the  Golden State! Millions of people would be turned into generous
smoking lumps of  carbon, that's what. So maybe we should go with Plan B.
This involves building a  really, really, really big kite.

Knight-Ridder Tribune


Hey Buddy!  I just had a chat with Kori.  She is very sad she didn't get a
birthday kiss from you.  There will be a little birthday bash on Friday July
7th and she will be there.  What do you think?


Charles Schwab <http://schwab.ed4.net/htdocs/images/EMSchwabWhiMed.gif>

	Dear Valued Client,
The recent tragic events have left us all with many questions. I wanted to take a moment to share with you my thoughts on the events on Tuesday and their impact on the future. Through this all, we will keep the victims and the families affected by this tragedy in our prayers. 	  <http://schwab.ed4.net/htdocs/images/88x103_Chuck.gif>
As the situation around the world unfolds, we will continue to keep you apprised of the actions we are taking to make sure that your interest as our valued client remains uppermost in our minds. Schwab.com <http://schwab.ed10.net/ud/BIM9/5ACA/WB13/50/D43D6H> will be updated regularly as news and information changes.

A video from Charles R. Schwab <http://schwab.ed10.net/ud/PTRG/ED4M/BW72/E4/D43D6H>
Frequently Asked Questions <http://schwab.ed10.net/ud/PTRG/GIKX/BW72/LE/D43D6H>
Personal letter from Charles Schwab, founder <http://schwab.ed10.net/ud/PTRG/RUNN/BW72/RF/D43D6H>

We stand ready to serve you and conduct business as normal, providing the market wisdom and support you need most. We are working closely with the stock markets, federal government, regulators and other members of the financial services community to ensure America's financial markets return to normal.

I continue to believe a long-term approach is the wisest course of action, although I do recognize that some short-term volatility will likely occur when markets reopen. Please consider this in placing orders prior to market reopen.
My advice to you is the same investment advice I have offered clients for over 40 years: invest for the long term and maintain a diversified portfolio--and stay calm during the rough times.
We know that each individual's situation is unique. I encourage you to explore our web site, visit a Schwab office, or call us at 1-800-435-4000 with any questions. We stand ready to assist you with all of your financial services needs during these challenging times.

Thank You,

  <http://schwab.ed4.net/htdocs/images/Chuck%20Sig.gif>

	Charles R. Schwab

  _____

For your protection, we are unable to accept instructions to change your email address sent in reply to this message. To update your address <http://schwab.ed10.net/ud/PTRG/NFSJ/BW72/N9/D43D6H>, please log in to your account.. From there you will be able to update your email information securely.

We respect your privacy. To minimize your receipt of duplicate information and for internal recordkeeping purposes, Schwab may track responses, if any, to this offer. Read more about Schwab's privacy policy <http://schwab.ed10.net/ud/PTRG/LJQS/BW72/7V/D43D6H>.

Notice: All email sent to or from the Charles Schwab corporate email system may be retained, monitored and/or reviewed by Schwab personnel.

?2001 Charles Schwab & Co., Inc. All rights reserved. Member SIPC/NYSE.

  <http://od.ed10.net/od/PTRG/BW72/D43D6H>


For info, please call Janet (Marsh's asst.) at 713-748-1102.


Cathy,

Thanks.  Please, add my assistant to the distribution is. Her name is Shirley
Crenshaw.

Vince

	From:  Cathy Phillips                           11/09/2000 01:23 PM

To: Mark Frevert/NA/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Pierre Aury/LON/ECT@ECT,
Sally Beck/HOU/ECT@ECT, Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Kathryn Corbally/Corp/Enron@ENRON, Jeff Donahue/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT, Shanna
Funkhouser/Corp/Enron@ENRON, Eric Gonzales/LON/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Larry
Lawyer/NA/Enron@Enron, Chris Mahoney/LON/ECT@ECT, George
McClellan/HOU/ECT@ECT, Thomas Myers/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT,
Jere C Overdyke/HOU/ECT@ECT, Beth Perlman/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, Cindy Skinner/HOU/ECT@ECT, Stuart
Staley/LON/ECT@ECT, Mark Tawney/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron,
Lisa Yoho/HOU/EES@EES
cc: Nicki Daw/NA/Enron@Enron, Cathy Phillips/HOU/ECT@ECT, Jennifer
Burns/HOU/ECT@ECT, DeMonica Lipscomb/Corp/Enron@ENRON, Yvonne
Francois/Corp/Enron@Enron, Stella L Ely/HOU/ECT@ECT, Angie
Collins/HOU/ECT@ECT, Donna Baker/HOU/ECT@ECT, Helen Marie Taylor/HOU/ECT@ECT,
Chantelle Villanueva/HOU/ECT@ECT, Betty J Coneway/HOU/ECT@ECT, Marsha
Schiller/HOU/ECT@ECT, Patti Thompson/HOU/ECT@ECT, Cherylene R
Westbrook/HOU/ECT@ECT, Candace Parker/LON/ECT@ECT, Joya Davis/HOU/ECT@ECT,
Sharon Purswell/HOU/ECT@ECT, Gloria Solis/HOU/ECT@ECT, Brenda J
Johnston/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kristy Carnes/Enron
Communications@Enron Communications, Kim
Hickok/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan McCarthy/LON/ECT@ECT, Paula
Forsyth/Corp/Enron@ENRON
Subject: EGM Staff Meeting

Just a reminder that the EGM weekly staff meeting will take place on Monday,
November 13th, from 8:30 - 9:30 a.m., in video conference room EB 32C2.  The
staff meetings will continue on a weekly basis on every Monday at the same
time and location unless notified otherwise.

Please let me know if you will be unable to attend.  Thank you.

Cathy Phillips
X-36898


It was a deal with Pacificorp - new trader error. It's been changed.

Thanks,
kate

Rhonda L Denton
02/12/2001 11:15 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Deal # 513066

Can you check this deal.  We don't have transmission with PG&E.


For those newcomers (and a reminder to the old timers),  there is a
departmental scanner is in cubicle no EB3884 which is adjacent from my
cubicle.  It has a good OCR progam, OmniPage Pro 10, for text scanning.
Please feel free to utilize the equipment and if you need assistance  feel
free to contact me--I'm right next door.

Best regards,
Taffy Milligan  X57373


In response to the current QF shutdowns in California, a message board has
been created to post any QF rumors/shutdowns/restart dates, etc...  To help
get a handle on the discovery of information from various sources.  Please
post any information you feel relevant to the cause.

Thanks!

http://westpower.enron.com/qfshutdowns/


Jeff, here is the list of managers and officers as it now stands.  Let me
know what additional changes you want made and we will get all of them done.
Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 05/18/2000 04:48 PM -----

	Deb Korkmas
	05/18/2000 04:34 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Enron Net Works LLC

Mark, as requested, here is the list of Managers and Officers for Enron Net
Works LLC:

Managers:  James V. Derrick, Jr., Mark E. Haedicke, and Lawrence G. Whalley

Officers:

Lawrence G. Whalley, Chairman and Chief Executive Officer
Michael McConnell, President and Chief Operating Officer
Jay Fitzgerald, Managing Director
Mark E. Haedicke, Managing Director and General Counsel
Louise Kitchen, Managing Director
Robert J. Hermann, Managing Director and General Tax Counsel
Jeffrey McMahon, Managing Director, Chief Commercial Officer, and Treasurer
Greg Piper, Managing Director
Harry Arora, Vice President
Bruce Garner, Vice President
Jordan H. Mintz, Vice President and Tax Counsel
Elaine V. Overturf, Deputy Corporate Secretary
Kate B. Cole, Assistant Secretary
Denise A. Ernest, Assistant Secretary

Deb


Thanks
Ben


Attached is the draft interconnect agreement.


Hi


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You are receiving these e-reports because you have signed up for
    CBS SportsLine.com Fantasy Football.  To customize, reschedule,
    or turn off these reports please
    click here

Standings, Summary

East Division

Team	W	L	T	Pct	Back	Strk
	Div	Wks	PF	Back	PA

McKay Neal	13	3	0	0.812	0.0	W5	13-3-0	6.5	1170.0	0.0	826.0

Martin Cuilla	10	6	0	0.625	3.0	W2	10-6-0	3.5	1069.0	101.0	1026.0

Eric Bass	10	6	0	0.625	3.0	L1	10-6-0	1.0	907.0	263.0	809.0

Hunter Shively	6	10	0	0.375	7.0	L2	6-10-0
0.0	1026.0	144.0	1069.0

Rocks	6	10	0	0.375	7.0	W1	6-10-0	0.0	809.0	361.0	907.0

FIBSABs	3	13	0	0.188	10.0	L5	3-13-0	0.0	826.0	344.0	1170.0

West Division

Team	W	L	T	Pct	Back	Strk
	Div	Wks	PF	Back	PA

Fear	13	3	0	0.812	0.0	W2	13-3-0	0.0	909.0	261.0	663.0

Tori Kuykendall	12	4	0	0.750	1.0	W6	12-4-0	0.0	917.0	253.0	744.0

The Klap	10	6	0	0.625	3.0	W1	10-6-0	3.0	1052.0	118.0	947.0

Matt Lenhart	6	10	0	0.375	7.0	L1	6-10-0	2.0	947.0	223.0	1052.0

Baja	4	12	0	0.250	9.0	L6	4-12-0	0.0	744.0	426.0	917.0

Top Dogs	3	13	0	0.188	10.0	L2	3-13-0	0.0	663.0	507.0	909.0

Statistics, Scoring

Eric Bass Actives

Player	Pos	Scoring	Score

Grbac, Elvis	QB	205 PaYd (10 Pts), 1 PaTD (14) (3 Pts)	13.0

Allen, James	RB	11 RuYd (1 Pt)	1.0

Smith, Robert	RB	 	0.0

Harrison, Marvin	WR	96 ReYd (9 Pts)	9.0

Hayes, Donald	WR	39 ReYd (3 Pts), 1 ReTD (7) (6 Pts)	9.0

Horn, Joe	WR	13 ReYd (1 Pt)	1.0

Nedney, Joe	K	1 FG (31) (3 Pts), 5 XP (5 Pts)	8.0

Ravens	DT	 	0.0

TOTALS	 	 	41.0

Eric Bass Reserves

Player	Pos	ST	Scoring	Score

Anders, Kimble	RB	RS	 	0.0

Davis, Terrell	RB	RS	89 RuYd (8 Pts)	8.0

Lions	DT	RS	1 SACK (1 Pt)	1.0

McNabb, Donovan	QB	RS	270 PaYd (13 Pts), 3 PaTD (5,57,7) (9 Pts), 48 RuYd (4 Pts)	26.0

Morris, Sylvester	WR	RS	 	0.0

Robinson, Marcus	WR	RS	 	0.0

TOTALS	 	 	 	35.0

NFL Reports, Player Updates

Latest NFL Player News

 Seahawks, DT SEA - Baja Updated 12/31/01
CB Shawn Springs did not make the trip to San Diego for Sunday's game against the Chargers. He has yet to be added to the team's active roster, and is questionable for Week 17 against Kansas City.

Martin Gramatica, K TB - Fear Updated 12/31/01

Gramatica missed Saturday's game against Baltimore due to a leg injury. He will attempt to practice on Wednesday, but early indications seem to point to Doug Brien handling the kicking duties in Week 17.

Frank Wycheck, TE TEN - Free Agent Updated 12/31/01
Wycheck left Sunday's game against Cleveland in the first quarter due to a thigh bruise. He did not return to the game and is listed as day to day.

Matt Hasselbeck, QB SEA - Free Agent Updated 12/31/01
According to the Seattle Post-Intelligencer
, Hasselbeck (shoulder) hopes to play in Seattle's season finale. However, it seems more likely that Trent Dilfer will start for the second consecutive week.

Joe Jurevicius, WR NYG - Free Agent Updated 12/31/01
Jurevicius suffered bruised ribs during Sunday's game against Philadelphia. He was able to finish the contest, but was held to only one catch for 18 yards.

Tiki Barber, RB NYG - The Klap Updated 12/31/01

Barber suffered a slightly sprained ankle during Sunday's game against Philadelphia. He was able to finish the contest, and compiled 158 all-purpose yards in the Giants' 24-21 loss.

Stephen Davis, RB WAS - Matt Lenhart Updated 12/31/01
Davis suffered a sprained ankle during Sunday night's win over New Orleans. He was removed from the game for precautionary measures, and is expected to start in Week 17 against Arizona.

Correll Buckhalter, RB PHI - Free Agent Updated 12/31/01

Buckhalter suffered an ankle injury during Sunday's 24-21 win over the N.Y. Giants. The rookie tailback is listed as day to day.

Travis Minor, RB MIA - Free Agent Updated 12/31/01
Minor got most of the carries during Sunday's 21-14 win over Atlanta. The rookie compiled 98 all-purpose yards and a touchdown in the game, and may have overtaken Lamar Smith as Miami's featured back.

Amos Zereoue, RB PIT - Free Agent Updated 12/31/01

Zereoue suffered a shoulder injury during Sunday's game against Cincinnati. He left in the first quarter and did not return to the contest. He is listed as day to day.

Fred Baxter, TE CHI - Free Agent Updated 12/31/01
Baxter suffered a sprained ankle during Sunday's 24-0 win over Detroit. He is listed as day to day.

Isaac Byrd, WR CAR - Free Agent Updated 12/31/01

Byrd suffered a concussion and a leg bruise during Sunday's 30-7 loss to Arizona. He may be listed as questionable for Week 17 against New England, but his current status is day to day.

Donald Hayes, WR CAR - Eric Bass Updated 12/31/01
Hayes suffered a sprained ankle during Sunday's game against Arizona. He could be listed as questionable for Week 17 against New England, but his current status is day to day.

Reggie Kelly, TE ATL - Free Agent Updated 12/31/01

Kelly suffered a shoulder injury during Sunday's 21-14 loss to the Miami Dolphins. He was unable to return to the game, and is listed as day to day.

Chris Chandler, QB ATL - Hunter Shively Updated 12/31/01
Chandler left Sunday's game against Miami in the second quarter after suffering an injury to his right elbow. X-rays were negative, but Chandler did not return to the game. He is listed as day to day.

Oronde Gadsden, WR MIA - Baja Updated 12/30/01
Gadsden (hamstring) started Sunday's game against Atlanta.

Muhsin Muhammad, WR CAR - Fear Updated 12/30/01
Muhammad (toe) has been deactivated for Sunday's game. Isaac Byrd will start in his place.

Wesley Walls, TE CAR - Tori Kuykendall Updated 12/30/01
Walls (knee) has been declared inactive for Sunday's game. Kris Mangum will start in his place.

Todd Bouman, QB MIN - Free Agent Updated 12/30/01

Bouman has been deactivated for Sunday's game. Spergon Wynn will start in his place.

Dez White, WR CHI - Free Agent Updated 12/30/01
White has been declared inactive for Sunday's game. David Terrell is expected to start in his place.

James Stewart, RB DET - Tori Kuykendall Updated 12/30/01
Stewart has been deactivated for Sunday's game. Lamont Warren will start in his place.

Mike McMahon, QB DET - Free Agent Updated 12/30/01
McMahon will not play on Sunday. Ty Detmer will start in his place.

Jerome Bettis, RB PIT - Fear Updated 12/30/01
Bettis has been declared inactive for Sunday's game against the Bengals. Chris Fuamatu-Ma'afala will start in his place.

Jay Fiedler, QB MIA - McKay Neal Updated 12/29/01

Fiedler has been added to Miami's injury report with a sore throwing elbow. He is listed as probable for Sunday's game against Atlanta, and is expected to start.  If you're desperate for a quarterback, Fiedler's matchup vs. the Falcons is a good one.

Steve McNair, QB TEN - Rocks Updated 12/29/01
McNair was excused from practice on Friday due to a family illness. He is listed as questionable for Sunday's game against Cleveland, but he's expected to start.

Larry Foster, WR DET - Free Agent Updated 12/29/01

Foster (thigh) is expected to play in Sunday's game against Chicago. However, he is far too risky to start at this point in the Fantasy season.

Bert Emanuel, WR DET - McKay Neal Updated 12/29/01
Emanuel (knee) is expected to play on Sunday against Chicago. However, he's too risky to start at this point in the Fantasy Football season.

Muhsin Muhammad, WR CAR - Fear Updated 12/29/01
Muhammad (turf toe) will not play this week, and may miss the rest of the season. Isaac Byrd will likely start in his place again.

 Seahawks, DT SEA - Baja Updated 12/29/01
CB Shawn Springs, who was suspended for the past four games, will not start on Sunday against San Diego. He may play a reserve role, however, but his playing time will likely be limited.

Todd Bouman, QB MIN - Free Agent Updated 12/29/01
Bouman will miss Sunday's game against Green Bay due to a thumb injury. Spergon Wynn will start in his place.

More Updates

Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc.
Your site can be reached from http://fantasy.sportsline.com

FB10SP


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/12/2001
11:22 AM ---------------------------

Eugenio Perez
02/08/2001 01:13 PM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Rudi
Zipter/HOU/ECT@ECT
cc:
Subject: New Merchant Asset VaR Model

I was recently informed of a risk-reducing strategy that we have on the
Merchant Asset portfolio.  It seems that we have a vertical bear spread
hedging our holdings of Hanover Compression.

Since these holdings represent about 10% of the porfolio, I felt that
parametric VaR would not be accurate enough.  As a result, I have changed the
model to a Monte Carlo simulation with the following details:

Following my conversation with Vince, I changed the method of parameter
estimation to RiskMetrics standard (assume a zero mean and estimate daily
volatilities and correlations using exponential weighting with a 0.94 lambda).

I use the Cholesky decomposition to produce correlated random normals, which
I then use to simulate Geometric Brownian Motion prices.

I treat the Hanover Compression stock holding and bear spread together as a
synthetic short put at 34 and long call at 92.  I do full revaluation of the
options with the Black-Scholes.  I keep volatility and the interest rate
constant for the sake of computational speed.

I write my Monte Carlos through VBA and formulas in Excel, so this model does
not need Crystal Ball.

Regards,

Eugenio


Lee Ann Pomplas
228 St. john's place
brooklyn, NY 11217
lpomplas@gc.cuny.edu

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,

Lee Ann Pomplas


you need to send a bid to pat ryder by noon today for players you want to
pick up

O'Neal.D.Winfree@enron.com on 09/05/2000 10:08:44 PM
Please respond to O'Neal.D.Winfree@enron.com
To: ebass@enron.com
cc:
Subject: Commissioner.COM Transaction Request

This in an automated e-mail sent out from the Commissioner.COM
web site.  Do not reply to this e-mail, but instead please visit
your league's site at http://football.commissioner.com/kourn

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

Oneal Winfree requests the following transaction:.

  Drop Jason Hanson.
  Add Dedric Ward.

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

To approve this transaction, please go to your web site and
select Transactions, Requests in the Front Office.


In response to your email, yes, our confidentiality language was so limited
that it did not allow us to provide the agreement to affiliates of either
party without consent.  We revised the form about 9 months ago to broaden the
langage to include affiliates, but Duke is an old master so they need our
consent so they can provide it to their affiliate.  Unless Federico has any
reason not to waive the language, I think we can go ahead & draft a waiver up
here and send it to Duke.  Can you talk to Federico asap and run that by him
and let me know so I can get this over to Duke.  Thanks!


The attached press release was released in India at 6:30 p.m. today India
time (7:00 a.m. CST) following the signing of the GSA with Ispat.

Joe Sutton signed the GSA for us in the presence of senior Indian and US
government officials including Commerce Secretary William Daley. The
Shareholders agreement was signed earlier in the day by Bobby Farris.
Negotiations re the PPA will resume next week.

The press release has been included in its entirety as an attachment by
Bloomberg while Reuters and Dow Jones have both carried brief reports on the
Ispat deal.

Thanks,

Johan


Hi - please note a location and time change for Friday's Team Building
session:

We will now meet in 21c2
on Friday - Dec. 8th
 from 11:00 - 1:00

Thanks everyone,
Sandy


I would say we engage on this and other issues in California  in a more
assertive manner- message is fine. Laying low and  working backchannels is
working great so far??? NOT

From: Jeff Dasovich on 11/30/2000 02:41 PM
Sent by: Jeff Dasovich
To: mpalmer@enron.com, Karen Denne/Corp/Enron@ENRON, skean@enron.com, Richard
Shapiro/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Sandra
McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, James D
Steffes/NA/Enron@Enron
cc:

Subject: Press Statement on Bad PUC Gas Decision?  Need to decide by 4 PM
(PST)

As you know, we've been working for about an eternity to unbundle SoCalGas'
system.  90+% of the industry agreed to an unbundling solution and filed it
as a settlement at the Commission.  In opposition, muni generators and TURN
supported SoCalGas' original proposal to essentially maintain the status quo
(SoCalGas eventually came over to our side, as did Southern California
Edison).

A judge's proposed decision came out the day before Thanksgiving adopting the
settlement advocated by the muni generators and TURN.

If it weren't for the continual barrage of retrograde policy pronouncements
coming from the "new" California PUC, folks would be genuinely shocked by the
judge's proposed decision, but as things are, it was somewhat expected.

There's one silver lining:  We managed to get in both settlements an
identical provision that eliminates a substantial amount of financial risk TW
would have faced but for the provision.  So from that perspective, the choice
to go with the TURN/muni settlement and embrace the status quo does no harm.
It does considerable harm, however, when compared to the significant value
that would have been created if the judge adopted the the unbundling
settlement.

We have a chance to go on the record in a trade publication "California
Energy Markets."  Recent events might persuade us to keep a low profile
generally at this point.  On the other hand, perhaps the time is right to
start coming out of our corner just a bit and pointing out the very poor job
this Commission is doing in managing California's energy policy.  I'm
squarely on the fence at this point and am seeking feedback.  A proposed
comment is attached.

Two questions:

1) Do folks think that there's value in providing a comment?

2) If so, does this statement work, or do folks have suggestions?

Thanks,
Jeff

"The California Public Utilities Commission has a choice. It can adopt the
same, common sense natural gas policy for Southern California that,s been in
place and working well for consumers in PG&E,s service territory.  Or it
stick with the status quo, which the industry agrees is at least partially
responsible for bottlenecks and high prices in California.  The proposed
decision opts for the status quo.  That's not going to California,s natural
gas problems and it,s likely to make matters worse in California's electric
industry."


FYI

ENA was low bidder for the LM-6000 deal with Rochester.  I will be calling
Rochester today to determine next actions steps.  Please note that our
proposal is contingent upon a bundled deal.  I would not take this as an
indication of a done deal. (i.e. No Green Sheet Yet)
---------------------- Forwarded by Oscar Dalton/HOU/ECT on 03/13/2000 09:05
AM ---------------------------

Walter Schlink <wschlink@rpu.org> on 03/13/2000 08:16:23 AM
To: Oscar Dalton/HOU/ECT@ECT, "'john.alsip@rresi.com'" <john.alsip@rresi.com>
cc:
Subject: GT Bid matrix

Attached is the preliminary bid results from the bid opening on Friday March
10, 2000.
These do not include any information except for the bid summary information
and should not be used to presume any status or evaluation of any of the bid
packages.

       <<Bid Matrix.xls>>

 - Bid Matrix.xls


John:

I will be here most of the week, and am looking forward to working with Niamh
C. I will also check the availability of people in Vince K. group as well as
Naveen Andrews in ours.

Regards

Bjorn H.

John L Nowlan
24/10/2000 10:32
To: Bjorn Hagelmann/HOU/ECT@ECT
cc: Ted Murphy/HOU/ECT@ECT
Subject: Re: Liquids Limits Oct. 20

Bjorn, Niamh Clarke is going to come to houston from mon afternoon to friday
next week to work on nVAR. She developed VAR models for Mitsubishi and has
lots of experience in this area. Can you please provide her with the best
people we can from research and RAC so we can try and get a better
understanding and more confidence in our model. I'm sure you agree with me
that if my group is going to make any progress we need to get this sorted.
thanks in advance.
---------------------- Forwarded by John L Nowlan/HOU/ECT on 10/24/2000 09:51
AM ---------------------------

From:  Bjorn Hagelmann
     10/24/2000 07:31 AM

To: John L Nowlan/HOU/ECT@ECT
cc: Scott Earnest/HOU/ECT@ECT
Subject: Re: Liquids Limits Oct. 20

I think we need to sit down and talk about developing reporting that will
show the risk in the books. At this point and time it can be derived, but
only if you know what to look for. I would appreciate if you had some time to
do so.

Regards

Bjorn H

John L Nowlan
23/10/2000 13:10
To: Christian LeBroc/Corp/Enron@ENRON, Scott Earnest/HOU/ECT@ECT, Bjorn
Hagelmann/HOU/ECT@ECT
cc:
Subject: Re: Liquids Limits Oct. 20

looking at these numbers i think the VAR model must be waaaaaaaaaay over
calcing something, most likely the spreads. the net and outright product
position are negligible. Seems it would take one hell of a daily move to
loose 12.7 on these positions.


[IMAGE] Forums Discuss these points in the Forums:  Forexnews Forum       Technicals Live Charts Analysis available from: Cornelius Luca   J.P. Chorek   Technical Research Ltd.   Charts & News featuring Standard & Poor's       Interest Rates   US: Japan: Eurozone: UK: Switzerland:   1.75%  0.15%  3.25%  4.0%  1.25-2.25%       [IMAGE] 	 [IMAGE]  Japanese Forex Trading Preview  February 3, 7:00 PM: EUR/$..0.8620 $/JPY..132.90 GBP/$..1.4147 $/CHF..1.7131  Japanese Forex Trading Preview by Darko Pavlovic  No key data.   The dollar is trading around 133 yen after pulling back from three-year highs on Friday comments from Japanese FinMin Shiokawa that the yen fall was  too rapid . Markets  were also surprised after MoF chief diplomat Kuroda reversed himself that he saw no risk of further yen fall and warned that Japanese currency decline last week had been excessive. Many analysts believe that the government could overturn its laissez faire approach toward weak yen as foreign investors continue to flee from Japan and under more pressure from Asian neighbors, which could depreciate their own currencies. Also, dealers are more cautious ahead of G-7 meeting this week in Toronto. On Friday Nikkei fell to a 4-month low of 9791, below the DJIA's level for the first time in over 40 years..The yen benefited last week by S&P's assurance that it did not plan to downgrade Japanese debt any further for the time being. Finance Minister Shiokawa expressed on Sunday hope that the economic growth rate would pull out of negative territory to zero by this autumn, now that the economy including its exports are improving. The government will try to reach 1.5% growth in fiscal 2003 by forging ahead with structurally reforming the economy. Prime Minister Koizumi will ask top bureaucrats on Monday to cut uncertain ties with politicians in relation to recent problems involving the Foreign Ministry. New Foreign Minister Kawaguchi and U.S. Secretary of State Powell on Sunday agreed in a phone conversation to advance relations between Japan and the United States, ahead of U.S. President George W. Bush's visit to Japan this month. Support is viewed at 132.60 and 132.40. Resistance is seen at 135.05, 135.25 and 136.0.   EUR/USD is trading round 86.20 boosted by Friday's release of the Eurozone PMI, which exceeded forecasts by rising for the third straight month to 46.2 in January from the previous 44.1. Even though the PMI remained in contraction territory for the tenth month, markets were optimistic about the Eurozone's prospects for a turnaround.   However, Euroarea inflation jumped to 2.5% y/y in January from the previous 2.1%, thereby dampening expectations for an ECB rate cut next week. The aforementioned data, along with the euro's plunge to a 6-month low of 85.64 in European trading, led 41 out of 45 economists in a recent Reuters poll to predict that the European Central Bank will leave rates unchanged at 3.25%. Upside capped at 86.60, 87.0 and 87.50. Support holds at 85.55-- the 71.8% Fibonacci retracement of the move from 82.25 to 95.95, backed by 85.0.  Looking forward to this week, key US economic releases include factory orders, ISM (formerly NAPM) Non-manufacturing PMI, Q4 productivity, jobless claims, consumer credit and wholesale trade. From the Eurozone, major indicators consist of Euroarea business and consumer confidence survey, PPI, Services PMI, German Services PMI, French Services PMI, Italian Services PMI, unemployment, French INSEE industry survey, Spanish industrial production, German unemployment, ECB rate decision, German manufacturing orders, German industrial production and Dutch CPI. Highlights from Japan are the trade balance, indices of business conditions, ESRI Tokyo consumer sentiment, money supply, wholesale prices and machinery orders.    	[IMAGE] Audio Mkt. Analysis Yen Bounces Up, Euro Drifts       Articles & Ideas  Dollar Does Davos In New York   USD/JPY: ONeill, Koizumi and January Effect       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE]
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FYI
---------------------- Forwarded by Randall L Gay/HOU/ECT on 05/31/2000 10:25
AM ---------------------------

Robert Superty
05/31/2000 08:14 AM
To: George Smith/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT,
Diane H Cook/HOU/ECT@ECT, Donna Greif/HOU/ECT@ECT, Heather
Choate/HOU/ECT@ECT, Alex Saldana/HOU/ECT@ECT
cc:
Subject: Unify Logistics on call contacts for Help Desk

All - FYI, I would suggest copying this and keeping it handy so you can use
off-hours when necessary (even though the help desk should do the contacting)

Alex - See me about this. I would like some of this info added to the second
wallet cards your working on.

Thanks - Bob
---------------------- Forwarded by Robert Superty/HOU/ECT on 05/31/2000
08:07 AM ---------------------------

	From:  Dave Nommensen                           05/30/2000 01:24 PM

To: Susan Lopez/HOU/ECT@ECT
cc: Dave McMullan/HOU/ECT@ECT, Trisha Luong/HOU/ECT@ECT, Diane E
Niestrath/HOU/ECT@ECT, Benedicta Tung/HOU/ECT@ECT, Jeff
Johnson/Corp/Enron@Enron, Robert Superty/HOU/ECT@ECT, Donna Greif/HOU/ECT@ECT
Subject: Unify Logistics on call contacts for Help Desk

Susan,

I am planning to set up an on-call pager and cell phone for Unify Logistics.
In the meanwhile, please use the following for any Unify Logistics support
call you may receive:

Seq Name   Home  Pager   Cell
1) On Call Pager    713-284-3757 (not yet activated)
2) Dave Nommensen 281-558-9145 1-888-487-1865  713-562-3986
3) Dave McMullan  281-855-4106 713-285-4982
4) Trisha Luong  281-565-8149 713-285-8715
5) Diane Niestrath  713-682-7416 713-525-0334
6) Benedicta (BT) Tung 281-565-9669 713-285-0931

There are several subsystems within Unify.  The above list is strictly
related to Unify Logistics.  They are they guys that schedule gas on a 7 X 24
basis.
This does NOT cover the guys in Unify that do Settlements.

Once I have the on-call pager activated, I will let you know.

Thanks, d.n.


vivify (VIV-i-FY) verb tr.

   1. To endow with life; animate.

   2. To impart vitality or liveliness.

[From Latin vivus (alive) via Late Latin vivificare.]

   "Yet how could artists vivify culture with `sympathies and admirations'
   if they felt out of step with their place and time."
   Jackson Lears, The Golden Age, The New Republic (Washington), Aug 21,
   2000.

This week's theme: verbs.

............................................................................
I am no more humble than my talents require. -Oscar Levant, composer
(1906-1972)

If you will be in or near Columbus, Ohio, on October 2, you are invited to
AWAD LIVE, when Anu be talking about words at Columbus Metropolitan Library's
downtown auditorium at 96 South Grant Ave, at 7.30pm. For more information,
call 614-645-2ASK or see http://wordsmith.org/awad/talk.html

Pronunciation:
http://wordsmith.org/words/vivify.wav
http://wordsmith.org/words/vivify.ram


FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 05/29/2001 11:21 AM -----

	"Costigan, Richard" <Richard.Costigan@asm.ca.gov>
	05/25/2001 02:46 PM

		 To:
		 cc:
		 Subject: current energy crisis timeline

 <<Energy Emergency Timeline.pdf>>

Richard Costigan, III
Chief of Staff
Office of the Assembly Republican Leader
California State Assembly
Phone:(916) 319-2005


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

Regards
Zeigham

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

Zeigham,

We discussed two options (not necessarily mutually exclusive):

1. summer internship
2. full employment.

Are you interested exclusively in full employment?

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

Vince

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

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

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

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

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

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


Ned,

Attached above, please find the RAC Organization Chart.  If you need it in hard copy format, please let me know.

Thanks,

Sharon Sullo
x31946

 -----Original Message-----
From: 	Buy, Rick
Sent:	Tuesday, January 29, 2002 4:55 PM
To:	Sullo, Sharon E
Subject:	FW: FBI/DOJ Request for Organization Charts

fyi

 -----Original Message-----
From: 	Buy, Rick
Sent:	Tuesday, January 29, 2002 4:54 PM
To:	Crady, Ned E.
Subject:	FW: FBI/DOJ Request for Organization Charts

fyi, please send org chart, tx rick
 -----Original Message-----
From: 	Crady, Ned E.
Sent:	Monday, January 28, 2002 2:52 PM
To:	Horton, Stanley; Buy, Rick; Causey, Richard; Fallon, Jim; McMahon, Jeffrey; Bowen Jr., Raymond; Koenig, Mark; Haedicke, Mark E.; Rieker, Paula
Cc:	Robert Jones, HR VP; Sullivan, Kriste
Subject:	FBI/DOJ Request for Organization Charts

Ladies and Gentlemen,

	The FBI and the Department of Justice have reviewed an Enron Org Chart current as of October 2001, and now are requesting individual Org Charts for your respective 	business units.

	They essentially are trying to understand the teams that work for/report in to each of you, and get a better feel for Enron's business and corporate staff functions.
	For the larger groups, your direct reports and key commercial and staff support should suffice. For the smaller groups, a more complete list of your team would be 	appreciated.

	At your earliest convenience, please provide me with a copy of the following Org Charts:

		1.	Enron Global Services - Stan Horton

		2.	Risk Management/Chief Risk Officer - Rick Buy

		3.	Enron Broadband Services - Jim Fallon

		4.	Accounting/Chief Accounting Officer - Rick Causey

		5.	Global Finance/Treasury - Jeff McMahon and Ray Bowen

		6.	Investor Relations - Mark Koenig

		7.	Enron Wholesale Legal - Mark Haedicke

		8.	Corporate Secretary/Board Communications - Paula Rieker

		9.	Enron Principal Investments - Kevin Garland

	Please call with any questions or comments.

Thanks

Ned Crady
Enron Global Markets
Office: (713) 853-4552
Email: ncrady@enron.com


TCPL has told me that the absolute earliest implementation date for the new
services (i.e. AOS, new IT Floor, FT Makeup) would  be July 1 and may be
later than that depending on the level of opposition.


-----Original Message-----
From: 	General Announcement/Corp/Enron@ENRON   On Behalf Of Enron General Announcements@ENRON
Sent:	Wednesday, December 12, 2001 2:24 PM
To:	All - Enron Houston@ENRON
Subject:	Reduced Hours - The Resolution Center

Please note, the Resolution Center hours have been reduced to 6 a.m. - 7 p.m. Monday thru Friday. You may contact the Resolution Center at 713-853-1411 or submit requests on-line at http://itcentral.enron.com.

We appreciate your cooperation in advance.

Customer and Business Services
Global Infrastructure


Marriott Hotel
480-860-4000


---------------------- Forwarded by Kay Quigley/HOU/EES on 11/30/2001 10:28 AM ---------------------------

	Enron Energy Services  From:  Michelle Robichaux                           11/28/2001 04:08 PM Phone No: 713 853-5976   Fax :  713-646-8427   Pager:  877-811-2712

To:	Gisselle Rohmer/Enron@EnronXGate, Jennifer Rudolph/Enron@EnronXGate, Stephanie Kimble/Enron@EnronXGate, Lisa Lees/Enron@EnronXGate, Colleen Koenig/HOU/EES@EES, Kay Quigley/HOU/EES@EES, karin@fsicorp.com
cc:	bill@karinderr.com
Subject:	Room for Rent

In an attempt to reduce expenses...........I am going to rent a bedroom /bath in my home.   Asking price is $475 which will include bills, cable and washer/dryer.

Please pass my number on to anyone who might be interested!

Home 713-880-4671
Cell 713-962-2604


I have attached the proposed letter to Larry Taylor.  Please let me know if
you want to make any changes.


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To 5000': 	50.0%	(7/14)
+5000': 	96.0%	(24/25)
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2nd Gen: 	67.1%	(49/73)
3rd Gen: 	86.0%	(43/50)
4th Gen: 	100.0%	(38/38)
5th Gen: 	100.0%	(7/7)
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To 200': 	56.7%	(38/67)
200' MC: 	50.0%	(12/24)
200' MS: 	14.3%	(3/21)
300' IC: 	86.5%	(83/96)
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MARK YOUR LUNCH CALENDARS NOW !

You are invited to attend the EWS Brown Bag Lunch Series

Featuring:  TIM BATTAGLIA

Topic:  Steel Origination

Thursday, April 19, 2001
11:30 a.m. - 12:30 p.m.
EB 5 C2

You bring your lunch,            Limited Seating
We provide drinks and dessert.          RSVP x 3-9610


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Dave --  Pat Keene is working on a number of issues before the NV Commission on retail access and unbundling (one thing being the implementation of DA for C&I).  Can you please reach out to him to help on some transmission issues involved in retail competition.

Thanks,

Jim


Lizzette's changes to the plan document look good to me.
When the plan document is finalized, we will prepare unanimous consent resolutions for adoption by the board of directors of the two participating employers.  It has always been the Enron practice to have an employer's board of directors approve such a plan for purposes of corporate governance.
Pat


The attached name change was made in GCP today.


A couple of deals that we might consider reserving some prudency against.

TBG  - sale
Duke (FGT/Manchester-LNG) - purchase

I will update later today if we can think of other deals to consider.


I am interested in lakefront property on Lake Travis which is within 3 hour drive of Houston.   Given the technology sector meltdown, I am looking to "bottom fish" for lakefront property that provides great long term real estate value.

Please feel free to e-mail me with "value" opportunities that come up.   I did not find your CD-ROM user friendly and I prefer e-mails with attached property listings that meet my requirements.   I am looking to spend 200-250k for lakefront property that has previously sold in the 275-325k range.

thanks.

 -----Original Message-----
From: 	"Michael J. Turner" <texasjake@281.com>@ENRON [mailto:IMCEANOTES-+22Michael+20J+2E+20Turner+22+20+3Ctexasjake+40281+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, September 04, 2001 1:20 PM
To:	texasjake@281.com
Subject:	austinlakeproperty

I wanted to touch base with you about your interest in lake property.
After we took aver austinlakeproperty.com, we have gone thru some  growing
pains.
I want to update my database with people, whom need lake property.  If I may
be of service, please contact me.  I want to be your Realtor.

Thanks,
Michael J. Turner
RE/MAX Spicewood
www.remax-spicewood-tx.com
www.austinrealproperty.com
800-207-6522
texasjake@281.com


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* Actual round-trip airfare, hotel, and car rental purchases made
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? Hotwire 2000 - 2001. All rights reserved. Hotwire, Hot-Fares,
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Sara,

Enclosed is the Draft document for EDEN.

Let me know how it looks.

Thanks,
Joe


We will be offering Derivatives I training on-site.  If you are interested in
attending, please let Amy FitzPatrick know no later than May 21st.

Derivatives I - Applied Energy Derivatives
Presented by Paradigm Strategy Group

Date:    Monday, June 4th and Tuesday, June 5th
Time:  8:00 am to 5:00 pm

This course is appropriate for all employees wishing to obtain a practical
understanding of the basic natural gas and power derivative structures that
are traded and marketed today.  An emphasis is placed on understanding how
financial tools are added to physical structures to meet the risk management
needs of clients.

Participants attending this seminar will be able to:

Formulate customer hedge strategies based on a solid understanding of risk;
its impact on capital structures and approaches to its mitigation.
Develop and interpret forward prices in the context of arbitration
disciplines, as well as understand the divergences from these disciplines
that are characteristic of energy prices.
Identify marketing opportunities through an understanding of both the forward
curve and the distortions created by the physical system of production and
transportation.
Assemble the pricing of a transaction from a benchmark price curve.
Devise cost-reducing deal structures for gas storage from an understanding of
price curves and their components.
Exploit differences in locational pricing with insights into the relationship
between basis and transportation/transmission.
Structure a natural gas and power swap to hedge a company's risk position,
explaining its risks and benefits as a risk management tool.
Price a swap from the price curve and customize the structure to meet various
customer needs including earnings, cash flow and embedded financing.
Apply basis swaps to either mitigate locational risk or to achieve a more
favorable risk/reward position by altering the index location.
Attain a fluency in language concepts and hedging application of options.
Package strips of options to create caps, floors and zero-premium collars.
Create structures that provide energy users with sub-index pricing using
embedded options.
Recognize options embedded in common supply contracts and their pricing
implications, including swing, double-ups and index contracts with maximum
prices, etc.