Tanya:  Please see Vitol response below.  Do you generate the credit
worksheet?  How does London credit fit in here?  Another interesting feature
here is the use of the multibranch provision for a trading company (Vitol
isn't a bank, or is it?).  I have never seen this utilized in practice for a
non-bank entity and have resisted the idea for us.  There is very little
written about the application of the multibranch party and I think that is
because it has been understood as applying to banks.  However, would this
master be a "multibranch master" for us as well?  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 05/31/2000 10:30 AM -----

	David Fransen <DBF@Vitol.com>
	05/31/2000 09:57 AM

		 To: "'Sara Shackleton'" <Sara.Shackleton@enron.com>
		 cc: "Lee Munden (E-mail)" <lmunden@enron.com>, "David Hardy (E-mail)"
<dhardy@enron.com>, Gilbert Widmer <GIW@Vitol.com>
		 Subject: Master Agreement (financial) between Enron North A merica Corp. (
"ENA") and Vitol S.A. ("Vitol")

Sara

Firstly, thanks for the message. I am indeed the right person for ISDA's in
Vitol. I did meet with your credit people in London ( David Hardy and Lee
Munden) and we did discuss the idea of replacing the existing agreement. I
am at present in our office in Rotterdam, but will be back in Geneva
tomorrow. I therefore do not have the existing agreement with me, but I seem
to remember that it is just signed with Vitol SA Inc, which is the US branch
office of the main trading company in the Vitol Group, Vitol SA, which is a
Swiss company registered in Geneva. I would suggest that you send us a
proposal for an ISDA agreement with Vitol SA, set up as a multibranch
company about to trade out of its Geneva and Houston office, and with Vitol
Holding BV (the ultimate parent company of the group) as the credit support
provider. I would hope that once we have agreed terms for the basic schedule
and credit support annex, we can then easily add other Vitol or Enron
companies as appropriate.

Regards, David

David Fransen
Vitol SA Geneva
Tel : 00-41-22-322-1111

**********************************************************************
This email and any files transmitted with it are confidential and
intended solely for the use of the individual or entity to whom they
are addressed. If you have received this email in error please notify
the sender.
**********************************************************************

-----Original Message-----
From: Sara Shackleton [mailto:Sara.Shackleton@enron.com]
Sent: 31 May 2000 15:20
To: dbf@vitol.com
Subject: Undeliverable: Master Agreement (financial) between Enron North
A merica Corp. ( "ENA") and Vitol S.A. ("Vitol")

----- Forwarded by Sara Shackleton/HOU/ECT on 05/31/2000 08:19 AM -----
|--------+----------------------->
|        |          System       |
|        |          Administrator|
|        |          <postmaster@V|
|        |          itol.com>    |
|        |                       |
|        |          05/30/2000   |
|        |          11:31 AM     |
|        |                       |
|--------+----------------------->

>---------------------------------------------------------------------------
-|
  |
|
  |       To:     Sara.Shackleton@enron.com
|
  |       cc:
|
  |       Subject:     Undeliverable: Master Agreement (financial) between
|
  |       Enron North A merica Corp. ( "ENA") and Vitol S.A. ("Vitol")
|

>---------------------------------------------------------------------------
-|

Your message

  To:      ddf@vitol.com
  Cc:      Tanya Rohauer
  Subject: Master Agreement (financial) between Enron North America Corp. (
"ENA") and Vitol S.A. ("Vitol")
  Sent:    Tue, 30 May 2000 17:27:07 +0100

did not reach the following recipient(s):

ddf@vitol.com on Tue, 30 May 2000 17:31:42 +0100
    The recipient name is not recognized
     The MTS-ID of the original message is: c=US;a=
;p=Vitol;l=LDN0040005301631L7L87HSX
    MSEXCH:IMS:Vitol:LONDON:LDN004 0 (000C05A6) Unknown Recipient

Message-ID: <862568EF.005A5FCD.00@notes.ect.enron.com>
From: Sara Shackleton <Sara.Shackleton@enron.com>
To: ddf@vitol.com
Cc: Tanya Rohauer <Tanya.Rohauer@enron.com>
Subject: Master Agreement (financial) between Enron North America Corp. (
"ENA") and Vitol S.A. ("Vitol")
Date: Tue, 30 May 2000 17:27:07 +0100
Return-Receipt-To: Sara Shackleton <Sara.Shackleton@enron.com>
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
X-MS-Embedded-Report:
Content-Type: text/plain;     charset="iso-8859-1"

I am a derivatives lawyer with ENA in Houston and obtained your name through
one
of my traders who is transacting with Jay Carr in Houston (please see
attached
message below).  When I spoke with Jay earlier this month, I asked him for
the
name of a lawyer but was advised that all Vitol lawyers were in New York and
that he would pass my message along to a lawyer.  I am assuming that you are
the
trading lawyer who can assist me with negotiating an ISDA Master Agreement
between our respective companies.  If not, please let me know and feel free
to
pass this message on to the appropriate attorney.  On April 12, 1995, Enron
Capital & Trade Resources Corp., predecessor in title to ENA, and Vitol
S.A.,
Inc. entered into a Master Agreement which is one of ENA's early energy
price
swap agreements.  Since our companies are currently trading weather
derivatives,
I think you would agree that it would be prudent to supersede the existing
agreement with an ISDA Master Agreement.  This relates to my conversation
with
Jay in that we confirmed our weather deals under the existing master but
incorporated the 1991 and 1993 ISDA definitions into the confirms of our
weather
trades.  Please let me hear from you.  You can reach me via email, phone
(713/853-5620) or fax (713/646-3490).
----- Forwarded by Sara Shackleton/HOU/ECT on 05/30/2000 11:14 AM -----
|--------+----------------------->
|        |          Sara         |
|        |          Shackleton   |
|        |                       |
|        |          05/05/2000   |
|        |          11:47 AM     |
|        |                       |
|--------+----------------------->

>---------------------------------------------------------------------------
-|
  |
|
  |       To:     jfc@vitol.com
|
  |       cc:
|
  |       Subject:     Master Agreement (financial) between Enron North
America|
  |       Corp. ("Enron") and Vitol S.A.
|

>---------------------------------------------------------------------------
-|

Jay:  I am a lawyer with Enron.  I called for you on Friday, you're out, and
no
one else could help.  I would like to speak with a Vitol lawyer about (1)
replacing our existing financial master with an ISDA (to accommodate a
broader
range of products) and (2) specifically incorporating the relevant ISDA
definitions into the recent weather transaction confirmations even though
the
master is an early master energy price swap agreement.  Please call me at
713
853-5620 with the information so that we can move quickly.  Thank you for
your
help.  Sara


That's fine.  We don't have a deal for this point in the system yet, do we?

D

 -----Original Message-----
From: 	Cotten, Robert
Sent:	Tuesday, April 17, 2001 9:59 AM
To:	Daren J Farmer/HOU/ECT@ENRON
Subject:	Re: FW: FIRST DELIVERIES - COMSTOCK OIL & GAS AND HESCO GATHERING COMPANY

Daren,

Is it okay to enter a wellhead deal in April for a purchase from HESCO at meter # 9885 priced at Gas Daily less $0.14 with a volume of 1,100/d?

Bob

---------------------- Forwarded by Robert Cotten/HOU/ECT on 04/17/2001 09:55 AM ---------------------------

 	Enron North America Corp.  From:  Robert Cotten                           04/16/2001 04:13 PM

To:	Vance L Taylor/ENRON@enronXgate @ ENRON
cc:	Julie Meyers/HOU/ECT@ECT, Lisa Hesse/HOU/ECT@ECT, Cynthia Hakemack/HOU/ECT@ECT, Donald P Reinhardt/ENRON@enronXgate@ENRON, Susan Smith/ENRON@enronXgate@ENRON, Melissa Graves/ENRON@enronXgate@ENRON
Subject:	Re: FW: FIRST DELIVERIES - COMSTOCK OIL & GAS AND HESCO GATHERING COMPANY   << OLE Object: StdOleLink >>

Vance,

Deal tickets have been created and entered in Sitara as noted below.  Deal # 652448 was entered by Risk as a term purchase at a price of IFHSC less $0.14.  You have indicated the price to be Gas Daily less $0.14.  Which price is correct?

Bob

From:	Vance L Taylor/ENRON@enronXgate on 04/03/2001 05:40 PM
To:	Robert Cotten/HOU/ECT@ECT
cc:	Julie Meyers/HOU/ECT@ECT, Lisa Hesse/HOU/ECT@ECT, Cynthia Hakemack/HOU/ECT@ECT, Donald P Reinhardt/ENRON@enronXgate, Susan Smith/ENRON@enronXgate, Melissa Graves/ENRON@enronXgate
Subject:	FW: FIRST DELIVERIES - COMSTOCK OIL & GAS AND HESCO GATHERING COMPANY

Bob,

The following production is now on-line and a ticket should be created and entered into sitara based on the following:

Counterparty			Meter			Volumes	Deal #	Price				Period		Global No.
Comstock Oil &Gas			9872			500mmbtu/d	652448	100% GD less $0.20		3/30-3/31	96057106

HESCO Gathering Co., LLC		9885			1100mmbtu/d	733139	100% GD less $0.14		3/30-3/31	96058382
															4/01-4/30	96058382

FYI, we will create and submit a committed reserves firm ticket for the remaining term of the deal beginning with the appropiate month.  Additionally, these are Producer Svcs. deals and should be tracked in the IM Wellhead portfolio... attached to the gathering contract.

Thanks,

vlt
x3-6353

 -----Original Message-----
From: 	Buckley, Esther
Sent:	Monday, April 02, 2001 2:31 PM
To:	Carriere, Molly; Cernosek, Clem; Consemiu, Donna; Cook, Robert; Camp, Howard; Hesse, Lisa; Hlavaty, Nathan; Wayne E Lightfoot/HOU/ECT@ENRON; McKay, James; Smith, Mary; Schneider, Steve HPL; Melissa Graves/HOU/ECT@ENRON; Walters, Michael; Zivley, Jill; Johnson, Mary Jo; Wynne, Rita; Allen, Lauri; Jones, Cheryl; Hansen, Reid; Giron, Darron; Winfree, O'Neal; Susan Smith/HOU/ECT@ENRON; Bryan, Gary; Hanks, Gary; Donald P Reinhardt/HOU/ECT@ENRON; Vance L Taylor/HOU/ECT@ENRON; Baumbach, David; Cotten, Robert; Riley, Brian; Austin, Jeff; Hakemack, Cynthia; Kenne, Dawn; Csikos, Lisa; Fosdick, J R; Rodriguez, Carlos; Gomes, Stephanie; Clynes, Pat; Acton, Tom; Walker, Robert; Weissman, George; Harris, JoAnne; Sweeney, Christy; Tisdale, Earl; Farmer, Daren
Subject:	FIRST DELIVERIES - COMSTOCK OIL & GAS AND HESCO GATHERING COMPANY

See attached letters

 << File: fdlet.doc >>  << File: fdlet2.doc >>

<Embedded Picture (Device Independent Bitmap)>


Hi Steve,

I wanted to send this to you before I send it out to others, since I feel
like there were changes we had discussed that somehow didn't make in the last
draft.   Guess you can say this is a sanity check!  If it looks good to you,
then I will send it out, unless you prefer to make distribution.

Kay


i want to continue to receive FERC updates
 -----Original Message-----
From: 	Cantrell, Rebecca
Sent:	Tuesday, June 05, 2001 6:31 PM
To:	Shively, Hunter S.
Subject:	Distribution of FERC Updates

Hunter, did you ask me to take your name off the distribution list for FERC updates that we send out?  Looks like I've deleted you from the masters, and I can't remember why I did it.


---------------------- Forwarded by Thomas A Martin/HOU/ECT on 03/29/2001 12:37 PM ---------------------------
From:	Jaime Williams@ENRON on 03/29/2001 07:48 AM
To:	tmartin@enron.com, John Hodge/Corp/Enron@ENRON, Agustin Perez
cc:	Francisco Pinto Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject:	Gas Supply proposal for EDF

Hello Tom, I hope bid week is over, and you can breathe now?I met PACE Global Energy yesterday to talk about the EDF RFP, and I think it looks much better now:

1.- Term: They are planning on having 3 interconnections into 3 different pipelines (Tetco, PG&E and Coral Mexico Pipeline), so they think the banks can get comfortable with less than 25 years of supply, because the 3 interconnections lowers their risk of not getting fuel supply in the future. They are asking now to a proposal of minimum 5 years, and upto 12 if we can make it. So they will be taking the risk of not having a fuel supply that matches de 25 year Power Purchase Agreement.

2.- The Points of Sale will be in the U.S. Mexico Border, so we will not have to get an export permit of any sort.

3.- Swing: This is going to be a base load plant, that will be dispatched around 90% on a yearly average.  However CFE has the right to take zero power at their full discretion, so Edf does not wsant to take the risk of not being dispatched and not being able to swing down to zero during the 25 years of the gas supply.  However, the plant will most certainly displace other less efficient plants in the first 10 years, so that such risk is much lower. In our proposal we can include either zero swing or which ever we feel we are the most competitive. They will evaluate whether such risk could be taken by them.

4.- Modifying Swing every 2 years.  They believe that in the long run (25 years), the dispatching rules or conditions of the plant could change. So they want to have the option to review the swing every 2 years. Can we price this optionality ? Is there a re-purchase of such optionality in the market ?

5.- Resale formula. They need us to include a daily re-sale fomula for the gas not taken.

6.- Other Provisions: We need to review the other provisions in the RFP and tell them which ones can we comply with and which ones we don't.

I am faxing you the entire RFP, together with the latest letter we received from them. Please give me a call whenevr you have a chance.

Best regards.


Maggie on the swing


Just a reminder about drinks Monday night..


Becky:

Please send email to :

mperrodin@cpr.fr

Tell her (Maud Perrodin) that Brent received her document (it was an ISDA?)
and could she please respond with the name of the commercial person(s) at
Enron with whom she has been speaking.  She is interested in weather trading.

Please enter into Lotus Notes.

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


Market Participants:

Please direct all comments to the CMR Recommendation to the Board to Byron
Woertz at bwoertz@caiso.com

Thank You!

Byron Woertz
Director, Client Relations


On March 16, Martin Lin will be participating in a panel discussion with Dick
O'Neill of FERC, a rep. of Morgan Stanley, and Ed Cazalet of APX on "Market
Turmoil, Trading and Risk Management" (Harvard Electricity Group).  At the
present time, except in several limited regions, marketers do not have the
ability to hedge transmission risk by reselling it above cost.  Last year, we
approached Dick O'Neill's staff about the possibility of lifting the cap on
resales of transmission, but they were not inclined to proceed absent the use
of certain restrictions.  There have been several recent developments in
power and gas, as discussed in the attached memo.  It would be helpful for
Martin to discuss these recent orders as necessary in order to attempt to
gain support from Dick O'Neill for the idea of lifting the cap for power.
After Martin's discussion, we should consider reapproaching FERC to seek
approval.


This request has been pending your approval for  34 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000057285&Page=Approval to review and act upon this request.

Request ID          : 000000000057285
Request Create Date : 8/30/01 5:59:30 PM
Requested For       : erik.simpson@enron.com
Resource Name       : Market Data Kobra NatGas
Resource Type       : Applications


I need directions and phone numbers.  Call me at home tonight.
281-304-8303.  Thanks.

DG


The attached letter is being sent to you from Patricia Gillman.

(See attached file: Sanders Letter 4_28_00.doc)

 - Sanders Letter 4_28_00.doc


Start Date: 4/22/01; HourAhead hour: 4;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042204.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: WHEEL
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  TIE_POINT: SLVRPK_7_SPP
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: WHEEL

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 4 / Preferred:   1.91 / Final:   1.88)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  SC_ID: EPMI


-----Original Message-----
From: Sulistio, Franky
Sent: Thursday, December 13, 2001 1:13 PM
To: Gaskill, Chris
Cc: Dronet, David
Subject: RE: gas fundy network folders

Chris,

The followings are the folders that we use in the network drive for all existing applications.

O:\Fundy_Ops\          - Gas Fundy documents and webcontent
O:\GasHarvesting     - Jaguar Data Harvesting folders
O:\gasplasma            - EOL Realtime configuration file for the Plasma Screen.
O:\WebContent         - web content for commodity fundamentals site.


Kam:

We would also need Calgary's list of curves/pub. codes to move to NetCo/UBS - could
you provide the list also?

Jeremy
x3-0573

 -----Original Message-----
From: 	Stock, Steve
Sent:	Tuesday, February 05, 2002 3:09 PM
To:	Wong, Jeremy
Subject:	FW: UBS curves

What's the status Jeremy.....?

Steve

 -----Original Message-----
From: 	Wei, Zhiyong
Sent:	Tuesday, February 05, 2002 2:41 PM
To:	Stock, Steve
Cc:	Keiser, Kam
Subject:	RE: UBS curves

Steve,

Kam has asked about the status of the below request. Would you please provide her with the update?

Thanks

Zhiyong

 -----Original Message-----
From: 	Wei, Zhiyong
Sent:	Tuesday, January 29, 2002 1:58 PM
To:	Wong, Jeremy
Cc:	Stock, Steve
Subject:	FW: UBS curves

Jeremy,

Please make appropriate changes to the NETCO ERMS database for the following requests. What needs to be done is to delete all other curve entries in the egs_curve_def and egs_curve points and egs_pub_names which are not listed in the attached file. I will talk to you about it.

Thanks

Zhiyong

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Tuesday, January 29, 2002 1:40 PM
To:	Wei, Zhiyong
Subject:	UBS curves

 Zhiyong,

We have decided to take the curve history with us to UBS for the attached curves.  We have changed the names for some of the curves so column J has additional curves that we would like to bring history.  We will not continue publishing those in the future however.

Thanks

Kam

 << File: Netco Curves.xls >>


We are ok with numbers 1 and 2 of your email with one change.  We would like to place "Associated Costs" in the "Appendix" as a defined term.

Let me know if this is acceptable and I will proceed with execution documents.  I should let you know I am currently waiting on my credit dept. regarding any changes to the numbers in the credit sections.  I hope to have an answer by tomorrow.

Debra

 -----Original Message-----
From: 	"Pat Metteauer" <pmetteau@sequentenergy.com>@ENRON [mailto:IMCEANOTES-+22Pat+20Metteauer+22+20+3Cpmetteau+40sequentenergy+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, July 26, 2001 1:29 PM
To:	Perlingiere, Debra
Subject:	Suggested Language for Enron Master with Sequent

Debra,

when we had our phone conversation earlier this week, I agreed to obtain suggested language for 4.1 more clearly defining "associated costs" we discussed.  My attorney just got back to me and it is attached.

Hopefully, we are good to go now for execution.  If there is anything else, please let me know

thanks
Pat
832.397.1734

 - Enron Comments2.doc << File: Enron Comments2.doc >>


Hi Robin,
Here they are:

Brian.


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

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

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

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

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

Thanks.

Jim

ISSUES

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

STRATEGY & GOALS

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

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

3. Minimize potential AG Market Investigation

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


I really don't think we should worry about the competition.  The conf you
mention is just one of many that go on every month.  They are industry
gatherings that make little or no pretense of focusing on public policy.

At the UC Energy Institute, we run a electricity industry research
conference every year.  We have been reducing the number of physical
mailings and doing more by email with a link to a website.  I suggest that
we do that for this conf.  Does GSPP have someone who can do a nice
website for the conf?  We have an emailing list of over 2500 electricity
people: researchers, industry folks, policy people, reporters,...  Once
the website is up, we can send an email to that list with a brief
description and the link to the website.

Severin

On Fri, 15 Sep 2000, Lee Friedman wrote:

> I am available for a conference call 9/18 at 5PM eastern.
> What concerns me about the competition is that their publicity is already
> out, even though their date is 3 weeks after ours. We have to get ours out,
> and that commits us to a hefty expenditure. While we have lots of
> encouragement, we have practically no firm commitments of financial
> sponsorship or speaker acceptances. We need both ASAP.
> I have heard of no turndowns either of financial sponsors or of speakers,
> but we need to secure the commitments. I think Loretta Lynch has confirmed,
> as has Phil Harris. I am expecting a confirm from Stephen Littlechild
> through Severin. I am awaiting a preliminary response about John Bryson. I
> have not heard anything about any of the other speakers we agreed to seek,
> so if any of you have information about these please pass it along.
> Assuming we get a good "core" of our top picks for speakers, I am hoping
> that we can get firm financial commitments from our loyal backers to give us
> the "core" financial support that makes doing all of this possible.
>
> Looking for more good news,
> Lee
>
> -----Original Message-----
> From: gramlr@pjm.com [mailto:gramlr@pjm.com]
> Sent: Friday, September 15, 2000 4:06 AM
> To: AMosher@appanet.org; whederman@columbiaenergygroup.com;
> doornbos@socrates.berkeley.edu; hcameron@uclink.berkeley.edu;
> lfried@uclink.berkeley.edu; jeff.dasovich@enron.com;
> shapiro@haas.berkeley.edu; borenste@haas.berkeley.edu
> Subject: Final date and time, we have competition
>
>
> All,
> A few of you might have been testifying at the FERC hearings in San Diego, I
> know Jeff was, so you know that most people wanted FERC to "do something."
> The
> silver lining in that proposal is that our conference becomes more
> important.
>
> Lee has decided on 12:30  to 6 pm on Monday November 13 so you can tell any
> speakers you are inviting.  I think that's the best choice because it more
> interesting to more people, and if they can do presidential debates in 2
> hours
> we should be able to address these issues in 6 hours.
>
> Note that we have competition with another conference, see below.  We should
> be
> able to get better, higher profile speakers.  We need to get a list soon so
> we
> can send out advertisements.  Please send updates to Lee and me.  Expect
> another
> message asking for reactions to a proposed next set of speakers to invite.
> If
> you want to be on a voluntary conference call addressing the next speakers,
> followed by an even more optional discussion on logistics with Heather, tell
> me
> if Monday 9/18 at 5pm EDT/2 pm Pacific works for you.
>
> Lee, if you want to send this to the other potential sponsors you're talking
> to,
> feel free.
>
> Thanks!
> Rob
>
>  <<PMW conference.pdf>>
>
> Rob Gramlich
> PJM Market Monitoring Unit
> (610) 666-4291
> gramlr@pjm.com
>
>
>
>


Count me in for picking up the beer.  I think that time and place are good
for me.  All we need is Hilgert to get the nod.  See ya
Ben


Would you 2 think about those who helped us so we can attempt to get some award to those who really helped us out here.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


its sounds like cats are no longer sleeping with dogs and the world is
starting to make sense again.


Dear Bros.,
    I'm happy to announce Grumps came through his angioplasty procedure
today with flying colors.  The artery in question was, in fact, 100% blocked
and they successfully unblocked it with the balloon.  Bro's Benson, Walker
and I were there to lend moral support to Linda, as was Grump's Pastor and
Associate Pastor.  Always thought God and Wooglin made for a fairly
formidable duo.
     Grumps was a different man after so many of you called and expressed
your concern, support and love.  He was indeed very much afraid, as would be
anybody, but your thoughts and well-wishes provided immeaurable morale
building at a time when he most needed it.
     Thanks again guys.  He'll be playing golf within a week.

Yours in -kai-,
Drow
_________________________________________________________________
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Glad to hear that you're on the distribution.  I think it's vital that you
attend.  It's a centrist group that's making a lot of progress.  But chances
for success will be greatly diminished without PG&E's participation.

Best,
Jeff


-----Original Message-----
From: 	Calcagno, Suzanne
Sent:	Wednesday, October 24, 2001 1:15 PM
To:	Concannon, Ruth; Gomez, Julie A.; Superty, Robert; Olinger, Kimberly S.; Lamadrid, Victor; Kinsey, Lisa; Schrab, Mark L.; Allwein, Robert; Jaquet, Tammy; Cantrell, Rebecca W.; Greif, Donna; Driscoll-Ernest, Marde L.; Molinaro, Jeffrey; Germany, Chris; Neal, Scott; Townsend, Judy
Subject:	FERC Approves Transco's Leidy Project, Petal Expansion, New ANR Lateral

NGI's Daily Gas Price Index
Breaking News : posted Oct 24, 12:00 PM
FERC Approves Transco's Leidy Project, Petal Expansion, New ANR Lateral
The Federal Energy Regulatory Commission issued draft orders Wednesday for Transcontinental Gas Pipe Line's Leidy East expansion in Pennsylvania, a pipeline and deliverability expansion at Petal Gas Storage in Mississippi and a new ANR lateral to serve to 1,050 MW Badger power plant in Kenosha, WI.
Transco's $98 million Leidy East pipe expansion project would make up for the failed Phase III portion of its MarketLink expansion. The Leidy East project will provide up to 130,000 Dth/d of transportation from Leidy, PA, to northeastern markets in New Jersey, New York, and Pennsylvania. The expansion consists of six pipeline loop segments that amount to 26 miles of 42-inch diameter pipe, and about 5 miles of 30-inch diameter, mostly in Western PA. The project also would add 3,400 hp of compression in Pennsylvania and New Jersey.
Williams said this summer that it expects the Leidy East facilities to be in service by November 2002 (see Daily GPI, June 20 <http://intelligencepress.com/subscribers/daily/news/d20010620e.html>). The Williams subsidiary said Aquila Energy Marketing, PECO Energy Co., Reliant Energy Services and Williams Energy Marketing are all customers.
Petal Gas Storage LLC's new pipeline would extend 59 miles to a connection with Southern Natural at a compressor station near Enterprise, MS. The $94 million project also includes a new 9,000 horsepower compressor station.
ANR Pipeline's lateral will carry about 210 MMcf/d of gas to Badger Generating Co's proposed power plant in Wisconsin. The 13-mile long pipeline would cost $19.5 million and should be in service during the summer of 2003.


Randy:
I have a couple of items I am working and wanted to know from you.
1.  How will the annoucement of the 55 MW plant in R.I. and the potential
stake in the 1,650 MW plant in Texas effect the current asset portfolio?
2.  I am working on a spreadsheet identifying all the current and the coming
on-line merchant MW's in detail.  Can you provide me a detail list of which
plant assets are merchant or are going to be merchant.
Thanks,
Ben Rogers
713-853-7998


Hi

Here's the info on our research test and development web site.  I'll leave it to Karthik, Tom and Chonawee to tell us how to use it.

Bob

-----Original Message-----
From: WebRequests
Sent: Tuesday, October 23, 2001 3:01 PM
To: Lee, Bob
Cc: Lu, Zimin
Subject: WebRequest Completed

The tech Peter Marsh has completed request of New Website Request.
Please visit http://webops.corp.enron.com/track.asp to let us know that this request was processed correctly.  The tech's notes were: Done. Site may be accessed at \\nahou\houston\webops\webdev2\researchtest  htpp://researchtest.dev.corp.enron.com


<<MF September 5th 2001.pdf>>

			Good Wednesday Morning - Comments From The Local
Guys!

Abbreviated Call.

The 30 -year bond yield is 5.47%.
The 10-year is trading at 4.96%.
The 5-year is trading at 4.50%.
Spot crude oil is trading at $27.03 p/b.
Natural Gas - Henry Hub -  is trading at $2.41 p/mcf.

			AD Time:

New Federal Insider-Trading Rule (Rule 10b5-1) has been adopted by the SEC
under the Securities Exchange Act of 1934. This rule greatly enhances an
insider's/employee's ability to trade his/her corporate shares during
blackout periods.
Previously, without the protection of this new SEC rule, employees and
insiders could safely trade only outside of designated blackout windows.
Under this new rule, insiders/employees may have the ability to purchase and
sell their corporate shares even during blackout periods if a written plan
was established and in force when the insider/employee was not in possession
of material, non-public information.
The new rule contains other restrictions and should be reviewed carefully.
Lehman Brothers has established a turn-key plan that take into account the
regulatory procedures for establishing such a plan.    Please email us or
call us for more information.

			Lehman's Research

IMPACT CALLS
Citrix Systems(CTXS) 1 - Strong Buy M. Stanek, .650.289.6027
Moment of Truth - What Will MSFT Build Into Their Server? (C)
OLD NEW STREET P/E
Price: $31.43 EPS 2000 N/A $0.61 N/A N/A
52 Wk Ra: $37 - 16 EPS 2001 $0.75E $0.75E $0.75E 41.9
Mkt Cap: $5.8B EPS 2002 N/A N/A $0.93E N/A
FY: 12/31 Price Target $40 $40
Rank 1 1
*We have run beta tests on Windows 2002 Server and have verified many of the
additional features of Windows Terminal Services
(WTS) that will be built into it.
*Our research indicates that while there have been improvements made to the
base WTS architecture, we see no evidence of Microsoft
encroaching on any of the key application management features found in
either Citrix MetaFrame 1.8 or MetaFrame XP.
*This is very good news for Citrix, as the multiple on the shares have been
unduly suppressed by the specter of MSFTs proposed
server road map.
*Windows 2002 Server (Whistler) is due for launch in March 2002, and the
next release of the Server (Blackcomb) wont occur until
late 2003-2004.
*We believe this new news should be transferred into a higher multiple for
the shares immediately. We are comfortable with 40X on a
potential $1.00 per share (we are currently at $0.92) for FY02.

Advanced Energy(AEIS) 3 - Market Perform T. Berg, .212.526.5276
Lowering Rating & Earnings Estimates (C)
OLD NEW STREET P/E
Price: $22.83 EPS 2000 N/A $1.88 N/A N/A
52 Wk Ra: $58 - 15 EPS 2001 -$0.48E -$0.52E -$0.40E N/A
Mkt Cap: $723.7MM EPS 2002 $0.10E -$0.25E $0.00E N/A
FY: 12/31 Price Target $38 $20
Rank 2 3
*We remain cautious on AE's shares near-term and are lowering our rating to
3 Market Perform from 2 Buy as near-term fundamentals
will likely remain weak due to continued order cancellations & pushouts. We
also believe excess channel component inventory will
weigh negatively on AE near-term. Bottom line is that we see more near-term
downside to AE's share price than upside.
*Our rating downgrade is driven by: 1) weak end mkt demand and excess OEM
component inventory and 2) no earnings visibility.
We believe that 4Q01 and 2002 street earnings ests. are too high and we
expect AE to lower near-term expectations when it reports
3Q earnings on October 11.
*AE's customers do not have any material degree of confidence that their
orders have bottomed. This was evidenced by NVLS' conf
call last Thur when it lowered expectations for 3Q01 orders and set the
stage for lower 4Q01 expectations.
*As a result we are lowering our '01 & '02 EBG ests. We are also reducing
our price target to $20.

National Semiconductor(NSM) 3 - Market Perform S. Dickson, .415.274.5229
NSM On track for Aug Qtr, but Nov still a ?
OLD NEW STREET P/E
Price: $33.05 EPS 2001 N/A $1.54 N/A N/A
52 Wk Ra: $48 - 17 EPS 2002 -$0.63E -$0.63E -$0.62E N/A
Mkt Cap: $5.8B EPS 2003 N/A N/A $0.58E N/A
FY: 5/31 Price Target N/A N/A
Rank 3 3
*We expect NSM to report Aug qtr results this Thursday in-line with the cos
guidance of revs down 15-20% q/q. We believe the co. is
working down inventory and is benefiting from an uptick in wireless (25%
sales) and PCs (15% sales). However, we remain cautious
on the stock given the Nov qtr outlook may be weaker than expected.
*We believe early signs of a sustained recovery in wireless are pre-mature
given comments by Ericsson that a broad recovery is still 1-2
qtrs away. Also, we believe those investors looking for strong
back-to-school selling season (PCs) will likely be disappointed.
*With NSM up 21% since Jul 2nd, we believe it fully reflects the firming of
demand in wireless and PCs, but does not discount a
potentially disappointing Nov qtr. As a result, we think the stock could
trade down into the mid-$20s assuming the company needs to
lower street ests for the Nov qtr, which we are modeling at +5% q/q rev
growth. We believe guidance could call for revs flat to
slightly up q/q.

Diebold Inc(DBD) 3 - Market Perform D. Zwyer, .212.526.2008
Stock At Target: Lowering Rating on Valuation
OLD NEW STREET P/E
Price: $40.08 EPS 2000 N/A $1.92 N/A N/A
52 Wk Ra: $40 - 23 EPS 2001 $1.95E $1.95E $1.97E 20.6
Mkt Cap: $2.9B EPS 2002 $2.10E $2.10E $2.26E 19.1
FY: 12/31 Price Target $40 $40
Rank 1 3
*We are lowering our rating on Diebold's stock to 3 Market Perform from 1
Strong Buy on valuation. The stock has increased 53%
since we recommended it in March '00 vs a 24% drop in the S&P 500, and is at
our $40 price target. At 19x est 02 EPS of $2.10 we
believe the stock is fully valued.
*There has been a lot of good news surrounding Diebold's stock in recent
months, including ATM (automated teller machine)
European market penetration, cost cutting initiatives, the exit of
competitor Mosler from the bank security products business,
expansion of its voting machine business, and progress in supplying
components for self-service supermarket checkout. Also, new
management (in the past two years) is focused on international growth and
improving margins. Diebold's strong debt-free (net)
balance sheet will enable it to continue to make strategic acquisitions.
While these factors point to a positive outlook for Diebold, we
believe the stock price fully reflects the potential. Diebold's stock has
traded primarily in a range of 12-20x earnings over the past
decade and is currently near the high end of that range.

Hardlines A. Rifkin, .212.526.1922
AUGUST SAME-STORE SALES PREVIEW
*Retailers report August comps on Thursday, September 6.
*Back-to-School essentially in-line with reduced expectations. Maintain
selectivity. Many retailers have seen little benfit from rebate
checks. Our Q4 study shows retailers underperform in Q4.
*Home Furnishing- Back-to-School slightly below plan for some retailers -
consumers gravitate towards promotionally-priced
merchandise.
*Home Improvement- 2Q comps represent the first qtr of sequential
improvement. Look for easier comps/lumber comparisons to
boost comps in 2H01. Positive implications of Fed's 300 bp reduction in
rates not likely to help fundamentals until 1H02.
*Consumer Electronics- Sales only marginally aided by benefits of rebate
checks. Look for new product introductions like Xbox and
Gamecube to help boost comps in 4Q.

Devon Energy(DVN) 2 - Buy T. Driscoll, .212.526.3557
Lowering Devon's Target Price
OLD NEW STREET P/E
Price: $46.27 EPS 2000 N/A $5.49 N/A N/A
52 Wk Ra: $67 - 46 EPS 2001 $5.50E $5.50E $5.83E 8.4
Mkt Cap: $4.0B EPS 2002 $2.70E $2.70E $3.98E 17.1
FY: 12/31 Price Target $69 $53
Rank 2 2
*Devon announced yesterday that it would acquire Anderson Expl for US$4.6
bn. Acq'n price is equivalent to a debt-adjusted cash
flow multiple of 8.0-8.5 times -- a sharp premium to Devon's trading
multiple of about 5 times. We are lowering our target price from
$69 to $53 to reflect the premium paid for the acq'n. Our revised target
assumes that DVN's multiple will expand from 5.0 times
PICF for DVN standalone to about 6.5 times. However the premium price paid
has led us to lower our target price -- maintaining buy
rating.
*Acquisition will expand reserves by 35 percent -- but firm value will rise
by 44 percent.
*If investors were to value the acquired cash flows at the same multiple
that Devon trades at, the shares would need to fall by more
than $10 per share from the $46 pre-announcement share price.
*We will review our earnings & cash flow estimates once we receive guidance
from the company.

INITIATING COVERAGE

Celgene Corp(CELG) 2 - Buy M. Wood, .212.526.4035
Initiating with 2 - Buy and 12 month price target of $38 (C)
OLD NEW STREET P/E
Price: $27.81 EPS 2000 N/A -$0.01 N/A N/A
52 Wk Ra: $76 - 14 EPS 2001 N/A $0.09E N/A 309.0
Mkt Cap: $2.1B EPS 2002 N/A $0.31E N/A 89.7
FY: 12/31 Price Target N/A $38
Rank N 2
*Celgene has established a valuable franchise in oncology with lead product
Thalomid, which we think can achieve peak sales of $230
million.
*The IMiDs and SelCID programs have been devised to build on the success of
Thalomid and potentially yield new drugs for
inflammatory diseases and cancers. The company also has a drug discovery
platform in gene regulation.
*We expect Ritadex for attention deficit disorder (licensed to Novartis) to
be a contributor to revenues from 2002 onwards. The
product's success will ultimately depend on additional clinical data as well
as development of new formulations.
*We have valued Celgene by applying a 65 multiple to our 2005 EPS (fully
taxed) of $1.30. Discounting this at 30% per year over
three years gives us a 12 month price target of $38.

FOCUS STOCKS

Harley-Davidson(HDI) 1 - Strong Buy F. Kantor, .212.526.5562
We Hit The Road Again; This Time to Visit HDI
OLD NEW STREET P/E
Price: $48.32 EPS 2000 N/A $1.13 N/A N/A
52 Wk Ra: $54 - 34 EPS 2001 $1.38E $1.38E $1.38E 35.0
Mkt Cap: $14.8B EPS 2002 $1.60E $1.60E $1.60E 30.2
FY: 12/31 Price Target $60 $60
Rank 1 1
*We must reiterate our enthusiasm for HDI following our tour of the co's
York, PA plant yesterday. We are particularly excited about
the prospects for the plant expansion as we firmly believe the new facility
could spur the gross margin expansion we have been
discussing for some time now. Despite concerns overhanging the rest of the
consumer sector, we continue to believe in the HDI story
and reiterate our 1-Strong Buy rating.
*We have toured the York plant before and found that little has changed. As
always, the facility was humming with production. But, it
also appeared to be bursting at the seams in terms of capacity.
*Managers we spoke with conveyed to us a high morale about current business.
But, even more noticeable was an excitement about
the plant expansion which is scheduled to open in 2003.
*While HDI continuously strives to improve margins, we believe sig. growth
could come from this new plant. Based on prior
expansions, HDI's gross margins could benefit over 100 basis points.

COMPANY/INDUSTRY UPDATES

Providian Fin'l Corp(PVN) 2 - Buy B. Harting, .212.526.3007
The slide continues..... (A)
OLD NEW STREET P/E
Price: $39.06 EPS 2000 N/A $2.73 N/A N/A
52 Wk Ra: $67 - 36 EPS 2001 $3.25E $3.20E $3.28E 12.2
Mkt Cap: $11.6B EPS 2002 $3.91E $3.49E $3.99E 11.2
FY: 12/31 Price Target $58 $40
Rank 2 2
*We are lowering our FY01 and FY02 EPS estimates to reflect the revised
earnings guidance for FY01 and lower long term growth
rate going forward. Despite the fact that the shares were down 20%, we do
not view this weakness as a buying opportunity and
continue to maintain our cautious stance on the name given the uncertainty
of earnings going forward.
*We are lowering our FY01 earnings estimate to $3.20 from $3.25 and our FY02
estimate to $3.49 from $3.91. We are lowering our
price target to $40, which represents 11.5x our FY02 estimate.
*The company provided guidance for net credit loss performance in 4Q01 and
FY02. The company noted that it expects the net credit
loss rate to be in the 10.45% -10.75% range for 4Q01 with credit loss rates
running at or above that range in FY02.
*We believe the biggest reason for the change in guidance is the lack of
success in generating profitable loan growth in the Prime &
Super Prime segments and higher than expected credit costs.

Albertson's, Inc(ABS) 3 - Market Perform M. Adler, .212.526.7146
Reports 2Q01 EPS of $0.45, beating our estimate by $0.02
OLD NEW STREET P/E
Price: $34.70 EPS 2001 N/A $2.08 N/A N/A
52 Wk Ra: $37 - 20 EPS 2002 $1.81E $1.93E $1.85E 18.0
Mkt Cap: $14.2B EPS 2003 N/A N/A $2.13E N/A
FY: 1/31 Price Target N/A N/A
Rank 3 3
*The tone of the ABS analyst meeting was upbeat, although the company
provided very little new information to justify its currently
high valuation (2001 P/E of 18.0). ABS is trading higher than both Safeway
(2001 P/E of 17.3x) and Kroger (2001 P/E of 17.9x),
both of which have far stronger and clearer earnings prospects, as well as
better long-term competitive positioning. We are therefore
maintaining our 3-Market Perform rating.
*ABS reported 2Q01 EPS of $0.45, $0.02 ahead of our estimates and $0.01
ahead of consensus. Sales were in line with our estimates,
but the operating margin deteriorated by only 42 bp versus the 58 bp we had
forecast.
*We have raised our 3Q01 estimate from $0.37 to $0.44, and our FY02
estimates from $1.81 to $1.93. For the full year, we are
forecasting that sales grow 3.6% to $38.073 billion, while we now expect the
operating margins to deteriorate 27 bp versus our
previous estimate for a 54 bp deterioration.

David C. Morris
Sr. VP Lehman Brothers
713-652-7112/800-227-4537
dcmorris@lehman.com

Disclosure Legend: A-Lehman Brothers Inc. managed or co-managed within the
past three years a public offering of securities for this company. B-An
employee of Lehman Brothers Inc. is a director of this company. C-Lehman
Brothers Inc. makes a market in the securities of this company. G-The
Lehman Brothers analyst who covers this company also has position in its
securities.
Key to Investment Rankings: This is a guide to expected total return (price
performance plus dividend) relative to the total return of the stock's local
market over the next 12 months. 1 = Strong Buy (expected to outperform the
market by 15 or more percentage points); 2=Buy (expected to outperform
the market by 5-15 percentage points); 3=Market Perform (expected to perform
in line with the market, plus or minus 5 percentage points); 4=Market
Underperform (expected to underperform the market by 5-15 percentage
points); 5=Sell (expected to underperform the market by 15 or more
percentage
points).
This document is for information purposes only. We do not represent that
this information is complete or accurate. All opinions are subject to
change.
The securities mentioned may not be eligible for sale in some states or
countries. This document has been prepared by Lehman Brothers Inc., Member
SIPC, on behalf of Lehman Brothers International (Europe), which is
regulated by the SFA. ?Lehman Brothers, Inc.

------------------------------------------------------------------------------
This message is intended only for the personal and confidential use of the designated recipient(s) named above.  If you are not the intended recipient of this message you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited.  This communication is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product, an official confirmation of any transaction, or as an official statement of Lehman Brothers.  Email transmission cannot be guaranteed to be secure or error-free.  Therefore, we do not represent that this information is complete or accurate and it should not be relied upon as such.  All information is subject to change without notice.

 - MF September 5th 2001.pdf


Michelle,

See below. Lets see how many we can get Louise by 12-1pm

Presto's needs to chnage to 1/3 1/3 1/3 grants rather than all next week, so hold his back.

Louise, Michelle and I just spoke and she is checking the drafts that were prepared this weekend and making some changes. You will have them in batches during course of the afternoon. Obviously these are drafts and will need to be redone before anyone can sign (and potentially changed to modify strike date language in case they elect that option). In addition, I thought we were only focusing on the first 15 names on John's spreadsheet at least for this 2 day exercise? Your list below includes a number further down. I thought we agreed we could hold off on them until next week? I don't think we will be able to get all the 46 done over next 2 days and would recommend we focus initially on top 15 or so.

Kari/Sheila, please be on point to ferry these forms back and forth today and tomorrow. We need someone to focus purely on this for the next 48 hours.

David

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, March 26, 2001 10:09 AM
To:	Oxley, David
Subject:	Contracts

Please get me the following contracts so I can give them out.  Preferably on email.  Let me know of any you will not get me by 12:00.

Calger
Duran
Belden
Swerzbin
Presto
Sturm
Herndon
Davis
Wolfe
Baughman
Arora
Don Miller
Pagan
Max
Benson
Motley
Heizenrader
Clynes
Irvin
Dorland


I would be interested in how to prevent LC's from being paid.

	Julia Murray
	04/24/2001 04:04 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Barbara N
Gray/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT,
Lance Schuler-Legal/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Travis
McCullough/HOU/ECT@ECT
		 cc:
		 Subject: Seminar on Letters of Credit

We are planning to have Foley & Lardner do a presentation for EWS Legal
regarding stand-by and documentary letters of credit sometime within the next
month. If there any specific issues that you would like addressed, please let
me know.  Thanks.  Regards,  Julia

Julia Heintz Murray
Enron Wholesale Services
Enron Industrial Markets LLC
1400 Smith Street, EB3838
Houston, TX  77002
(713) 853-4794
Fax:  (713) 646-3393
julia.murray@enron.com


I would like to have my directors and senior directors take this course.
There is just one course date noted in the attachment in May.  Will there be
other dates during the year?  I can't have everyone go at the same time.  I
would like to get the list of dates in 2001 and then send a memo to directors
and senior directors requiring them to attend one of the sessions.  Can you
also get me a list of the director and senior directors that I have in EIM,
EGM and EA?  Will this course also be offered in London for directors?
--Sally

From: Hector McLoughlin/ENRON@enronXgate on 03/30/2001 10:15 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: FW: Director-level Impact and Influence

Sally,
We can offer the Director Level &Impact and Influence8  course to all of your
Directors as part of a pilot program.    I wanted to know if you want me to
forward this offer to them.   Please let me know.
Hgm


The signed aff. is on its way back to you.

	"Kathy D. Patrick" <Kpatrick@Gibbs-Bruns.com>
	08/11/2000 09:57 AM

		 To: "'richard.b.sanders@enron.com'" <richard.b.sanders@enron.com>
		 cc:
		 Subject: Barth Affidavit

Richard:

Enclosed is a draft of the Affidavit that I believe conforms to what we
discussed with Brian this morning.  Please let me know if there is anything
that is not correct.  If it is fine, please have Brian sign it and have his
signature notarized.  I will then send a messenger to pick up the final,
signed affidavit.

Thanks,

Kathy Patrick

 <<1yb801!.WPD>>

 - 1yb801!.WPD


FYI

Vince

 -----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON [mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]  On Behalf Of Ken Lay and Jeff Skilling@ENRON
Sent:	Thursday, July 19, 2001 5:14 PM
To:	United Way Executives List@ENRON
Subject:	Alexis de Tocqueville Breakfast and Solicitation

As we prepare for the kick-off of Enron's 2001 United Way Campaign, Building Houston's Future, we are asking our top-level executives to set the standard of giving during the Leadership Giving Campaign that will run from July 23 through August 3.

The decision to focus this year's campaign on Building Houston's Future came directly from our employees, who rallied to help Houston recover from the flood damage caused by Tropical Storm Allison. Enron employees have expressed a strong desire to continue assisting those in need until our city fully recovers, so our adopted agencies were selected with flood relief in mind. Each business unit is also adopting United Way Scholars students, who will participate in the Days of Caring. United Way Scholars builds Houston's future business leaders by targeting talented students who may be overlooked by other scholarship programs.

Last year, your generosity took Enron to new heights. We raised $2.8 million, which was 21 percent higher than our original goal. In order for Enron to achieve even greater success this year, we invite you to join us in becoming a member of the prestigious Alexis de Tocqueville Society by making a pledge of $10,000 or more to United Way.

You are invited to join us at an Alexis de Tocqueville Breakfast on Tuesday, July 31 from 7:30 a.m. - 9 a.m. to learn more about the Society and hear about Enron's 2001 United Way Campaign plans.

The Breakfast will be held at the Center for the Retarded at 3550 West Dallas. Center for the Retarded is one of Enron's four adopted agencies for the 2001 campaign. Transportation from the Enron Building to The Center will be provided; however, if you prefer to drive yourself, we will send out directions a few days prior to the breakfast. Please RSVP to Zulie Flores at ext. 3-3908 or zulie.flores@enron.com by Thursday July 26.

Leadership giving solicitation officially begins on Monday, July 23, so look for an e-mail on Monday morning with more information about the overall campaign and how to make your pledge on-line. If you have any questions about the Alexis de Toqueville Society, or about this year's campaign, please contact Kathy Mayfield, Enron's United Way Campaign Coordinator, at 713-853-3264 or Kathy.Mayfield@enron.com.

At 49 Society members last year, Enron had the highest number of members in the city, and ranked nationally in the top 25 companies for total membership. We want to thank you for your generosity as this truly indicates how giving each of you are.

Your support is needed more than ever and is the key to surpassing our campaign goals for 2001. We look forward to seeing you at breakfast on the 31st.

<Embedded Picture (Metafile)>


As evidenced by an exceptionally strong performance in the second quarter,
Enron,s wholesale energy businesses in North America and Europe continue to
experience tremendous growth.  The opportunities to continue to grow our
natural gas and power businesses have never been better and it is critical to
Enron,s future success that we remain focused on expanding these businesses
and maintaining the strong momentum we have in these markets.

It is equally important that we continue to develop new businesses outside of
gas and electricity, which can make significant contributions to our earnings
growth.  We have made significant progress in developing these businesses in
North America, Europe, and most recently in our new Net Works business unit.
Included in these global businesses are our efforts in crude and products,
coal, emissions, insurance, currency, equity trading, interest rates, credit
trading, paper and pulp, and metals.

While significant progress has been made in these efforts we need to
accelerate the growth of these new businesses while continuing to
aggressively expand our core gas and electricity businesses in North America
and Europe.  In order to accomplish these two objectives and to capitalize on
the increasingly global opportunities in these new businesses we are today
announcing the formation of a new business unit ) Enron Global Markets.  This
new business unit will focus on markets and commodities which are global in
scope, but outside our traditional gas and power markets.  This new core
business unit will operate in parallel with and in close coordination with
the North American and European businesses.

Enron Global Markets will be headed by Mike McConnell, President and Chief
Executive Officer, and Jeff Shankman, Chief Operating Officer.  They will
report to Mark Frevert who will be Chairman of Enron Global Markets.  Mark,
Mike and Jeff will comprise the Office of the Chairman for Enron Global
Markets.

Included in this new business unit and reporting to the Office of the
Chairman will be the following businesses and their leaders:
- Global Crude and Products:     John Nowlan
- Coal:         George McClellan
- Currency, equities, interest rate and agricultural trading:  Gary Hickerson
- Insurance and weather:      Jere Overdyke

Enron,s metals business and Enron Credit.com will remain the responsibility
of Enron Europe. The Paper and Pulp business will continue to reside in North
America.

With the departure of Mike McConnell from Enron Net Works, we are pleased to
announce the following appointments in that business unit:
- Jeff McMahon: President and Chief Operating Officer
- Louise Kitchen: Chief Commercial Officer
- Philippe Bibi:  Chief Technology Officer

Jeff, Louise and Philippe, along with Greg Whalley,  will comprise the Office
of the Chairman for Enron Net Works.

With Jeff Shankman,s departure from Enron North America,s natural gas
operation, all of Jeff,s direct reports will report to John Lavorato.

We are also pleased to announce the following changes to the Enron North
America Office of the Chairman.  John Lavorato will join the ENA Office of
the Chairman as Chief Operating Officer.  Dave Delainey will assume the role
of President and Chief Executive Officer.  Mark Frevert will retain his role
as Chairman of Enron North America in addition to his role as Chairman of
both Enron Global Markets and Enron Europe.

Please join us in congratulating everyone in their new assignments and in
supporting the new Enron Global Markets organisation.


Does lunch this week look like good? -alli

Allison Parent
Enron Broadband Services
work (713) 853-9801
cell (713)446-6450
alli_parent@enron.net


SHirley,

Please, renew it.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/29/2000
11:41 AM ---------------------------

	Enron North America Corp.

	From:  Stephanie E Taylor                           12/28/2000 09:46 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject:

Dear Vince,

This is to inform you that your subscription to Power Finance and Risk will
be up for renewal in February.  In the past, such renewals were routed to
Info Central to be paid.  Our department has changed its focus to research.
As a courtesy, we will be happy to process your subscription for the next
year.  Please let me know if you would like to renew and include your Cost
Center and Company Codes with the renewal.
If you have any questions, please do not hesitate to call me.
Sincerely,
Stephanie E. Taylor
eSource (formerly Info Central)
713/345-7928


Hi, I got your paypal payment but it was a little short. s/h is 14.55 plus
76.00 +2.00 for ins. = 93.55. Take 84.00 from that and thats leaves 9.55. ?
The clubs packed weigh 15lbs.
Thanks Darrell


This is fine however, please keep  in mind our masters cannot be used for
interruptible transactions.

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


Mandy,  Jane's language looks good.  I would add one thing at the end:  "Of
course, receipt of an H1B visa transfer and/or permanent resident status will
depend on whether the INS approves those applications."  Michelle

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

Michelle Cash
Enron North America Corp.
1400 Smith Street
Houston, Texas  77002
(713) 853-6401
michelle.cash@enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.

	Amanda Curless@ENRON
	06/19/2000 06:40 PM

		 To: Michelle Cash/HOU/ECT@ECT
		 cc:
		 Subject: Re: Green card Verbage

Michelle,
This is the verbage that Jane gave me for the green card issue Gary Buck
talked to you about. Please approve and let me know if we need to make any
changes. Thanks!
Mandy
---------------------- Forwarded by Amanda Curless/Corp/Enron on 06/19/2000
06:33 AM ---------------------------

	From:  Jane Allen @ ECT                           06/19/2000 05:24 PM

To: Amanda Curless/Corp/Enron@ENRON
cc:

Subject: Re: Green card Verbage

I have expanded on it a bit:

As part of the hiring process, the Company will sponsor the transfer of your
H1-B visa. Please contact Margaret Daffin at 713/345-5083 as soon as possible
to discuss the documentation necessary to initiate the transfer.  In
addition, as part of the Performance Management Process at Enron, your job
performance will be reviewed within the first 6 months of employment
(year-end 2000).  If your job performance is within the top 33% of your peers
(employees in the IT function at your level), we will sponsor you for an
employment-based permanent residency application (green card).  The
application process will begin shortly after the year-end review is
finalized.

Amanda Curless@ENRON
06/19/2000 04:53 PM
To: Jane Allen/HOU/ECT@ECT
cc:
Subject: Green card Verbage

To get Andre, we have to have some language that provides him an assurance
that we'll support him for a green card. I discussed this with Beth and she
is ok with providing some language like this.

I would propose that we say something to the effect of : "We will support the
H1B transfer. You will be reviewed for job performance within the first 6
months. If your job performance is within the top 33% of IT people at your
level, we will support you for a green card process at the end of the 6 month
review.

Even with this language, I think it's iffy that  he'll accept.

3) I think our critical path on recruiting is as follows :
Recruiting: Technical team leads for Ken / Regan in the Unify Settlements and
Accounting area
Recruiting: EDI team lead / developer
Hiring (some assumptions here): Matt Pena as gas operations manager, Paul
O'Neal as Delphi developer for DCAF.

I really appreciate all the support that ya'll are providing.

Thanks.


FYI, I will show you how to work this spreadsheet, just call this guy and tell him what you are going to name the file and why.  Tell him it is like Brian Gillis' file in Canada.  He needs to know the prefix you are going to call the file and then you attach the current date in the MMDDYYYY format.
Thanks.
PL

 -----Original Message-----
From: 	Gillis, Brian
Sent:	Monday, October 15, 2001 3:12 PM
To:	Love, Phillip M.
Subject:	Here is a sample of the spreadsheet

Note that you must also get Wei Hu to set it up so that it will accept the spreadsheet - he will need a name that you will use - an example is CAND_ED10122001.xls


-----Original Message-----
From: 	"Btu" <subs@Btu.net>@ENRON [mailto:IMCEANOTES-+22Btu+22+20+3Csubs+40Btu+2Enet+3E+40ENRON@ENRON.com]
Sent:	Friday, May 11, 2001 4:37 PM
To:	"Btu's Weekly Power Report" <>@ENRON
Subject:	Btu's Weekly Power Report

Attached is the latest issue of Btu's Weekly Power Report

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

 - wp051401.pdf


At approximately 6:30 pm on 4/25 Ruth Ashe with PGE notified Enron that there
will be a voice mail outage starting the evening of 4/25 and running thru 2pm
on 4/26.  If you have any questions or concerns please contact her at
503-464-8663 or 503-323-1254.  Thank you for your attention to this matter.


---------------------- Forwarded by Darron C Giron/HOU/ECT on 06/12/2000
08:28 AM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           06/08/2000 01:20 PM

To: Victor Guggenheim/HOU/ECT@ECT, B Scott Palmer/HOU/ECT@ECT, Shawna
Johnson/Corp/Enron@ENRON, Phillip M Love/HOU/ECT@ECT, Cathy
Sprowls/HOU/ECT@ECT, Jeff Coates/HOU/ECT@ECT
cc:
Subject: Survey

Please detatch, resave, and run this file using your info and send it back to
me.  Thanks.
Call if you have any questions.

DG


Attached is the  form of override letter to be executed at the same time as
the GE facility agreement.  It addresses accounting issues and lender
requirements.

I should have a final draft of the GE facility agreement later today.

Kay


DONE.
PL


<<Bio-Tech 11-7-00.doc>>
Please forgive the delay in getting this additional action item to you,
however it was necessary to take the time to reach a consensus among all
interested parties.  This will be included on the action agenda tomorrow.
If you have any questions, please contact Jim Kollaer at 713-844-3601.

Arlene McCarty
Executive Assistant to the President and CEO
Greater Houston Partnership
(713)844-3602 Phone
(713)844-0202 Fax
amccarty@houston.org

www.houston.org

 - Bio-Tech 11-7-00.doc


Enclosed are the comments of WGSI on the Proposed Decision in this
proceeding.  Please contact Michael Day if you have any comments, questions,
or difficulty opening this email.  415-392-7900

Mike Day

 <<X19039.DOC>>

 - X19039.DOC


Forwarded at request of Joe Hillings:

Please find attached the final CSI letter sent to President Clinton on
the WTO services negotiations. Thank you for your comments and
contributions to the letter.

Best regards,
Liesyl

--
**********************************
Liesyl I. Franz
Director
Coalition of Service Industries
805 15th Street, NW, Suite 1110
Washington, DC 20005
Tel: 202-289-7460
Fax: 202-775-1726
E-mail: franz@uscsi.org
http://www.uscsi.org

Visit http://www.worldservicescongress.com for recommendations and
proceedings from the World Services Congress in Atlanta, GA November
1-3.

 - Ltr-Clinton-Svcs negs 2000.doc


Vince,

Thank you so much for forwarding this information to me as well as making
some initial contacts on campus!  I was wondering if you could provide a two
hour time slot in the next two weeks for the Cal Berkeley Planning Session
with the entire campus team here in the office?  I would like to get the
entire team together prior to the Career Fair on the 8th so that we can go
over the strategy, dates on campus, and roles/responsibilities.

Also, I know that you mentioned that the first couple of weeks in October
would be the best to target for the General Information Session.  How does
the week of October 9th look for you?  Is there a certain day that works the
best?  I would like to work with your schedule to see if we can come up with
a date in that timeframe.

Thanks again for your help!
Ashley

Vince J Kaminski@ECT
08/11/2000 01:42 PM
To: Ashley Baxter/Corp/Enron@Enron
cc:

Subject: Recruiting

Ashley,

Another professor I contacted. His web page is
http://are.Berkeley.EDU/~rausser/
Can we firm up the trip date? I shall be able to line up some meetings

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/11/2000
01:46 PM ---------------------------

vkamins@ect.enron.com on 08/11/2000 01:44:52 PM
To: rausser@are.berkeley.edu, vkamins@enron.com
cc:
Subject: Recruiting

Gordon,

This is the information about our recruiting program.

Vince

 - enron1.pdf


Not everything in the data request responses was confidential--some of it is
public by nature.  For example, we were asked for material from the Form 10Q
which is filed with the SEC and is a public document.  It is my recollection
that the data regarding turbine configuration and the noise footprint, for
example, were not treated confidentiality.

The things that were submitted under seal primarily dealt with cost
information;  I do recall that we submitted the portions of the turbine
contract documents under seal.  As a practical matter, the Public Staff is
the only entity which has requested the information, and will not
disseminate it, particularly over our objections.  A problem would only
arise if the same discovery was sought by another party, which is unlikely
at this point, and which could be objected to.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, September 19, 2000 12:27 PM
To: Duncan, Allyson
Subject: RE: CPCN public information

One more thing.  Did someone send you copies of equipment contracts?  Those
have confidentiality provisions which need to be considered.  Therefore,
please advise what you received from Enron in that regard.

I was under the impression that most of what we were submitting we were
submitting as confidential information, specifically including the
responses to the Public Staff's data requests.  I don't recall the
specifics at this point.

Thanks again,

Kay

"Duncan, Allyson" <aduncan@kilstock.com> on 09/19/2000 11:07:28 AM

To:   "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject:  RE: CPCN public information

The Application itself is public.  The testimony is public.  Without going
back through the material we have supplied (which I would be happy to do,
if
you like), the primary material that was confidential was the cost data and
supporting work papers.  Also, the engineering plan we filed recently in
response to a data request was confidential.

Let me know if you would like me to walk back through it more specifically.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, September 19, 2000 12:03 PM
To: aduncan@kilstock.com
Subject: CPCN public information

Hi Allyson,

Someone was asking which of the information we have filed is public
information.  Is the petition itself public?  What else would be public?

I know this is a variation to the "what is confidential" question. Once
again, your assistance is appreciated.

Kay


With deep regret we announce that Joe Sutton, Vice Chairman of Enron, has
decided to leave the company.  Joe has indicated his desire to pursue other
opportunities in the energy asset development and operations business.

Joe has been instrumental in making Enron a global company.  We will miss his
energy and enthusiasm.  We wish Joe the very best as he pursues new endeavors.

Ken and Jeff


Dear Medicine Bow Shipper:

We received notification that the 6th segment to gate valve 5 providing a
total firm capacity of 519 Mdth/day was approved by FERC yesterday and is
available for transport.  The contract effective date for this additional
capacity will be on Monday, November 5.  We plan on filing the request for
the final segment of additional contacted capacity to gate valve 4 today or
Monday.

Based on conversations with many of you, it appears the 192 Mdth/day of
additional (572 Mdth/day total) capacity on Medicine Bow provided by this
last segment commissioning will be sufficient to accomodate your
transportation requirements until the entire project goes into service
(anticipated late this month).  For the month of October, the capacity
contracted was approximatly 90% utilized, and we anticipate even greater
utilization for November.  While a few of you have mentioned possibly having
production in excess of your contract, it appears that the remaining
shippers will have underutilized capacity and no additional capacity will be
necessary until the Loop goes in service.

Following the last segment approval notice, I will continue to update you on
the progress and timing for the entire Loop in-service for your information
and planning.

Please call me if you have any questions.

Laine Lobban
719-520-4344
719-331-3379 (cell)

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


arriving FBO - Signature Flight Support @ WA Int'l - 410.859.8393


Hello,  Thank You!  I believe the issue is now resolved.

Thanks for your help,
Melissa

   Kate Symes                04/18/2001 03:51 PM

To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Re: Constellation Cal Px trades

Melissa -
I think we've finally reached a conclusion on the long term PX Index deals.
I've entered the following comment in the six deals still in the system with
Constellation at the old index:

Constellation and EPMI have agreed to leave deal at PX Index. Counterparties'
positions tie out - index price should not be relevant; however, index offset
will. Per Bob Badeer, 4/18/01. KS

This is exactly how Bob explained it to me, and he said it was exactly as
Constellation understood it as well. So if this sounds good to you, I think
we're set. If not, please let me know and we can make whatever changes are
necessary.

The deal numbers, for reference, are -
453152/453175/453294/462109/471888/471889

Thanks for your patience on this,
Kate

Melissa Ann Murphy
04/17/2001 11:02 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Constellation Cal Px trades

Hello, I guess if he wants to leave the deals as they are in the system then
the accounting group will see zero for an index price and they will see the
index off set price.  If he and Constellation both agree to do nothing to
these trades (not to revise the confirms or change the index on the trades)
then we can put notes in the trades explaining that.  I just want to make
sure that Constellation agrees with however we handle this.

Thanks for your help,
Melissa

   Kate Symes                04/17/2001 12:28 PM

To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Re: Constellation Cal Px trades

I asked Bob about these this morning, and he said he's still got to work this
out with Constellation. The way he explained it, our position is flat with
Constellation, so for settlements purposes we're okay - i.e. We've bought the
same volumes that we've sold, and we end up losing a bit due to the index
offset - but otherwise the index price won't make a difference.  But I
suspect he's not thinking of the problem from the confirmation standpoint.
Could you tell me exactly what needs to happen to clear this up on your end
so that I can explain it to Bob in a way that might make him DO something?
I'm sorry for the delay on this - I'm getting ready to call Bob's contact at
Constellation for him.

Let me know what your ideal solution would be. Should we get Constellation to
agree to the Dow Jones index? Or should we change the deals to forward fixed
price? We'll fix this today - I promise.

Thanks,
Kate

Melissa Ann Murphy
04/17/2001 08:12 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Constellation Cal Px trades

Hello, any news on these Constellation Cal PX trades?
Thanks,
Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 04/17/2001
09:06 AM ---------------------------
   Kate Symes                03/30/2001 12:57 PM

To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Re: Constellation Cal Px trades

I just talked to Bob, and I don't know if he's responded yet, but I thought
I'd fill you in anyway. He's been talking to his contact at Constellation
about changing these deals over, but hasn't received a concrete answer yet.
I've reminded him and he said he WILL talk to the guy and resolve it today.
I'll keep on it, and let you know when these deals have been changed.

Thanks,
Kate

Melissa Ann Murphy
03/29/2001 11:13 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Constellation Cal Px trades

Hello, I hate to bug you with this.  Whenever you can spare a second would
you ask Bob about this?  I am afraid it is going to slip through the cracks.

Thanks for your help!
Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 03/29/2001
12:07 PM ---------------------------

Melissa Ann Murphy
03/26/2001 10:34 AM
To: Robert Badeer/HOU/ECT@ECT
cc: Kate Symes/PDX/ECT@ECT
Subject: Constellation Cal Px trades

Hi Bob, I was wondering if you have contacted Constellation about the 6
trades that are in the system with the Cal Px as the index price.  All of
these trades start flowing in July of this year.

The deal numbers are as follows:

453152.01
453175.01
453294.01
462109.01
471888.01
471889.01

Let me know if Constellation agrees to change these deals to the Dow Jones so
I can send a letter for them to sign.

Thanks,
Melissa


Hi Shelley,

Through these stressful times of people moving around and the company restructuring and splitting out the pipelines, I strongly recommend that Darrell Schoolcraft remain with the TW pipeline group as manager/director of this pipeline group. He is very knowledgeable and very professional  in his duties as a coordinator and certainly would make an excellent  manager/director under any new restructuring plan. He's also been very helpful to me and others in maintaining a solid pipeline as well as keeping the lines of communication open between ourselves and our customers. Shelley, for whatever this is worth, he comes strongly recommended for this positon under any type of restructuring plan. Thanks.

kb


Steve from El Paso called.  When you email the actuals for El Paso he would
like to recieve them as well.  any questions give him a call.


I have attached the review.  Please let me know if this is the format that I
should submit to Kim.  If so, should I forward it to Kim or do you want to
give it to her and explain the situation.

Thanks
Hunter
x34772


Paul:

For your reference are the attached two files which have the write up from
the two previous quarterly reports - Sep 30, 2000 and Dec 31, 2000.  I had
given to Todd hard/paper copies of the same.

I just found out that I might be leaving for Mumbai on Sunday for meetings
beginning Tuesday, 10 April.  Hope to get back to Houston by the end of the
week and be in the office on Monday 16 April.

Thanks for your help.

  -- Tushar


I'm using both of mine.....unless Becky decides not to come in. If Boone is
using his other one, then I'd buy one if I were you.

I'll give both of your asses a call later on

-----Original Message-----
From: Lenhart, Matthew [mailto:Matthew.Lenhart@enron.com]
Sent: Tuesday, November 27, 2001 9:26 AM
To: mmmarcantel@equiva.com; kevin.a.boone@accenture.com
Subject:

are you guys using all your tickets?  i can buy one today if you guys
are using yours.  probably a good idea for me to buy it anyway.  i think
that i am going in sat morning.

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


Welcome to the world of Scott Paul Wines!

All Contents Copyright, 2000.

Dear friends of Scott Paul Wines -

The Winter 2001 newsletter is now online at
http://www.scottpaul.com/newsletter.html

Check it out for all the latest from the world of Scott Paul.

Thanks for all of your support!

All the best,

Martha & Scott Wright
------------------------------------------------------------------------------
------------------------------------------------------------------------------
--------------------------
You are receiving this because you expressed interest in learning more about
Scott Paul Wines.  If you have received this email in error - please accept
our apologies!

You may unsubscribe by going to http://www.scottpaul.com/mailing_list0.cfm


The FreeAna1.db files are on the Zoom network.
SCADAData on Zoom_srv:\\Indian Mesa II\2002\Mar\Mar5FreeAna\

-J


Aram Sogomonian

Phone: (503) 813 5754 (w)
           5608 (w)
 (503) 701 6692 (c)

 (503) 675 1658 (h)

kweenmarys@aol.com


---------------------- Forwarded by Eric Bass/HOU/ECT on 10/06/2000 08:22 AM
---------------------------

Jackson Logan
10/05/2000 04:57 PM
To: Errol McLaughlin/Corp/Enron@ENRON, Victor Guggenheim/HOU/ECT@ECT, Darron
C Giron/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT,
John_biegel@dell.com, bgalligan@mail.utexas.edu,
carey.t.ford@us.arthurandersen.com, jknight@knightrealestate.com,
gkaminski@dttus.com, Brian_Thorp@AIMFUNDS.COM, JAMES.SIVCO@chase.com,
tifftalbot@hotmail.com, jmwooton@yahoo.com, njw4@worldnet.att.net,
KHunter75@aol.com, ttalbot@bmoh.com, RCOLLINS@graubassett.com,
cameron.moates@us.pwcglobal.com, atransou@wsgr.com, onion@pdq.net,
shack4@alumni.utexas.net, ECard10007@aol.com, therter@velaw.com,
ryaf@softchoice.com, Madeofmetal@Sprintmail.Com, LtColby.H@att.net,
Stefanie_Wagenfeld@AIMFUNDS.COM, cshi@dynegy.com
cc:
Subject: Fwd: FW: TX/OU

---------------------- Forwarded by Jackson Logan/HOU/ECT on 10/05/2000 04:55
PM ---------------------------

"Tara Talbot" <ttalbot@bmoh.com> on 10/05/2000 03:58:29 PM
To: <Peter_Bourland@adc.com>, <JLewis1342@aol.com>, <jrayb10104@aol.com>,
<rsteel@border.net>, <RMassey@Central.UH.edu>, <JRBridenstine@cs.com>,
<ajohnston@doubleclick.net>, <kevins@emerging.com>, <chad.starnes@enron.com>,
<Jackson.Logan@enron.com>, <christine_petru@gensler.com>,
<ed_cardenas@hotmail.com>, <tifftalbot@hotmail.com>,
<Ashley_Morrison@lotus.com>, <jameslhull@msn.com>, <johnwheeler@pzlqs.com>,
<pkettler@reliantenergy.nl>, <ryaf@softchoice.com>,
<carey.t.ford@us.arthurandersen.com>, <Ronnye.E.Kettler@USA.conoco.com>
cc:
Subject: Fwd: FW: TX/OU

>>> "knust@ruf.rice.edu" 10/05/00 03:40PM >>>

-----Original Message-----
From: Brian Gourley Salomon Smith Barney WATS 800 890-2774
[mailto:gourleyb@swbell.net]
Sent: Thursday, October 05, 2000 11:39 AM
To: William Marsh; Zac McCarroll (E-mail); Trey Wadsworth; Susan Burkley;
Stephanie Friedman; Shea Morenz; Ryan Kraudel (E-mail); Ryan Donelson; MIke
Green; matt long; Martin Morgades; Mark Bauman; Luke Belsnnyder; Keith
McPherson; kd_buchanan@yahoo.com; kawise@hotmail.com; JASON HOELSCHER;
Foster Stained Glass; Ed Fisher; dwinfrey01@yahoo.com; David Odom; dave
distephano; cmartinez@houstonnefingrp.nefn.com; Chuck Girard;
chadh@rocketball.com; Carter Perrin; Brandon Calvo; billb@myriad.net;
asebert@utmb.edu; amartinez@lawhbc.com; Alan B. Knust; adam_butler@gsdm.com
Subject: TX/OU

Horns fans, print this off and put on your burnt orange.  Someone sent me
this a year ago, and it still gives me the chills.

Hook 'em

Brian

 - WHATISLONGHORNSPIRIT.DOC


See attached press release
Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 04/19/2001 11:19 AM -----

	"Nancy Pickover" <npickover@bracepatt.com>
	04/18/2001 02:25 PM

		 To: <gfergus@brobeck.com>, <alan.comnes@enron.com>,
<Christi.L.Nicolay@enron.com>, <donna.fulton@enron.com>, <jsteffe@enron.com>,
<ray.alvarez@enron.com>, <smara@enron.com>, <snovose@enron.com>,
<thane.twiggs@enron.com>
		 cc:
		 Subject: In re:  California Power Exchange Corp., 01-70031, et al.

Attached is a news release issued by FERC regarding a decision in the above
matter.  The court has upheld  FERC's approach to remedying the dysfunctional
California electricity market structures.

Nancy Pickover
Legal Assistant
Bracewell & Patterson, L.L.P.
2000 K Street, NW, Suite 500
Washington, DC   20006-1872
(202) 828-5861
(202) 223-1225 (fax)

 - NR01-20.1


Pls keep sending these.  I just didn' t know the case.

Jim

 -----Original Message-----
From: 	"Jacqueline Java" <jjava@bracepatt.com>@ENRON [mailto:IMCEANOTES-+22Jacqueline+20Java+22+20+3Cjjava+40bracepatt+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, August 15, 2001 9:05 AM
To:	Steffes, James D.
Subject:	RE: Draft of Enron v. FERC Reply Brief to be Filed August 17,	2001

Jim -

This is the Entergy source/sink case dealing with control areas that is currently before the D.C. Circuit.  The reply brief is due Friday.  I included you in the original message because Christi Nicolay had included you in an email containing some of her initial comments.  Please let me know if you have any other questions, or if you would like to be left off of further emails re: this case. Thanks.

Jacqueline R. Java
Bracewell & Patterson, L.L.P.
2000 K Street, N.W. Suite 500
Washington, D.C. 20006-1872
(202) 828-5828

>>> <James.D.Steffes@enron.com> 08/15/01 08:23AM >>>
On what case?

Jim

    -----Original Message-----
   From:   "Jacqueline Java" <jjava@bracepatt.com>@ENRON
             [mailto:IMCEANOTES-+22Jacqueline+20Java+22+20+3Cjjava+40bracepatt+2Ecom+3E+40ENRON@ENRON.com]

   Sent:   Tuesday, August 14, 2001 6:39 PM
   To:     michael_regulinski@dom.com; Nicolay, Christi L.; Steffes, James
             D.; Ingersoll, Richard; Novosel, Sarah; Walton, Steve; Yeung,
             Charles; JeCoffey@utilicorp.com
   Subject:  Re: Draft of Enron v. FERC Reply Brief to be Filed August 17,
             2001

   Please be aware that the latest draft of the reply brief will be sent
   out early afternoon tomorrow, along with information about a conference
   call to take place on Thursday to discuss the brief.  Thanks.

   Jacqueline R. Java
   Bracewell & Patterson, L.L.P.
   2000 K Street, N.W. Suite 500
   Washington, D.C. 20006-1872
   ph: (202) 828-5828
   fax: (202) 857-2124

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Executive Team:

By now I trust you have had a chance to review the following briefing
materials:

> Olympus Quick Tour CD-ROM
> Navigation Exercise
> Section I of the Olympus simulation manual
> Harvard Business Review articles:
1. "Introduction to Financial Ratios and Financial Statement Analysis"
2. "Assessing a Company's Future Financial Health"
3. "What is Strategy"
4. "Customer Intimacy and Other Value Disciplines"

During our pre-session meeting next week, we will be exploring in greater
detail the Olympus simulation environment. As you are aware from the agenda,
we will be immersed in the simulation over the weekend.

The following link is to an additional article from McKinsey Quarterly which
I think captures well the strategic and financial issues you'll face in the
Olympus simulation.

http://mckinseyquarterly.com/pdf/whis00.pdf?tk=:932: (you will need Adobe
Acrobat to view this article)

I look forward to meeting you next week.

Francois Thrower

Vice President
Strategic Management Group, Inc.
900 Kearny Street, Suite 750
San Francisco, CA 94109
415.956.7223


As you are aware, your business unit has been selected to participate in
Project GEM (Global Enron Migration) for the rollout of Windows 2000.  In
preparation for this rollout, it is imperative that we gather information
about your workstation and the applications you use.  To begin this data
collection, we have automated the process.  In fact, your system has just
been inventoried.   Once this information is received, we will be working
with your local department coordinator to consolidate this information to
ensure this transition is as smooth as possible.

The GEM team would like to thank you for your participation.  If you have any
questions, please contact Troy Siewert (713)345-3761.


Richard, This was a pretty meaty day.? You should read this summary.? Steve

 <<depsum10.31>>

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

 - depsum10.31


Martin Cuilla has kindly agreed to offer his time to help us understand some of the key concepts as trading Natural Gas. Therefore, starting sometime next week, we will be arranging a weekly Q/A.

Please forward me any questions/topics you wish to discuss, so we can organize an itinerary, i.e.:

What products do we trade?
How do you manage risk ?
What does this floor trade on a daily basis?
Overview his job function?
How is P/L calculated throughout/end of day?
The difference between physical and financial products?
The difference between Nymex, Basis, Cash, Prompt Physical, Prompt Financial, Term, ROM etc?
Explanation of the concept of Basis Differential?
How do transportation costs affect Basis calculations?
How the Nymex products affect the above... i.e. auto hedge?
What are the downstream systems, i.e. Sitara for physical etc?

-Colin


We agree with the volumes.  Thank you.

"Eileen Ponton" <kponton@duke-energy.com> on 06/26/2001 09:10:12 AM

To:   David Avila/LSP/ENSERCH/US@TU, Charlie Stone/ENERGY/TXU@TU, Melissa
      Jones/ENERGY/TXU@TU, teacton@aep.com, SLZAJAC@aep.com,
      HPLSCHEDULING@aep.com, gkbrazaitis@aep.com
cc:
Subject:  NOMS FOR 6/20 THRU 6/24/01

DATE      NOM
6/20/01        45.000

6/21/01        37.500

6/22/01        42.500

6/23/01        0

6/24/01        15.834

My gas control supervisor is working this morning on getting me accurate
volumes.  Hopefully I will be able to e-mail them out this afternoon.


FYI. See you all when I am in town.

Yao
---------------------- Forwarded by Yao Apasu/ENRON_DEVELOPMENT on 07/12/99
03:12 AM ---------------------------

Andre Cangucu
07/11/99 11:04 PM

To:   Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:   Gustavo Junqueira/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marcelo
Parodi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruno
Messer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Yao
Apasu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael
Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Allison
Venditti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott
Porter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David S
Reinfeld/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Idel
Metzger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Corbin
Barnes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maria Ines
Granado/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott
Porter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject:  Igaras Prepay - Next Steps

The structure for the financial prepay doesn't seem  to work under the
Brazilian regulation therefore we need to come up with a different structure.
David has put together a couple of different structures but basically all of
them will run into the same problem and the Central Bank won't accept those.

We (Gustavo and I) had lunch last Thursday with a Mr. Jose Lavia owner of
Fair Corretora (a brokerage house that I've worked with) basically he thinks
that the financial prepay structure is not going to work because the Central
Bank wants to see benefits for the country and impacts in the country's
current balance.
He asked us to send him a draft of the structure and he will discuss with his
partners to see if they came up with different ideas.

Below are the comments of the next steps and ideas from Antonio Felix
(Tozzini Freire).

Central Bank:
As recommended by Antonio Felix from Tozzini Freire, we need to decide if
this is a deal/structure we want to continue to pursue. If so we should
schedule a meeting with the International Operations Director of the Central
Bank in Brasilia and make a presentation covering the following points:

- The overall structure
- Market need
- Benefits to the companies involved (petrochemical, pulp and paper) -
Benefits to Brazil ? (if any)

We should approach this not as a single transaction but as a new product,
with specific characteristics, without any similar in the market, that Enron
developed in the US and is trying to "sell" in Brazil.

Swaps:
A swap in Brazil can be arranged between two local parties and neither one
needs to be a financial institution. If we want we can have a brokerage house
or bank in the middle to register the contract with the BM&F (Mercantile
Exchange).
The other possibility is to have a swap contract between a local and an
offshore entity, in this case the offshore entity needs to be a financial
institution.
Is one of the Enron companies in the US considered to be a financial
institution ?

A specialist form Tozzini should be sending us some paper covering swap
contracts. I hope to have a better understanding of the requirements for swap
contracts after we receive that.

Yao Apasu: Andrea mentioned that you were involved with some swap contracts
in Brazil. If you have anything about that (presentation, regulation) would
you please forward  to us.

I think that we can structure the prepay mergin a simple loan and
fix/floating swap, if the swap is something we are allowed to do under the
Brazilian regulation.

Please add comments,

Andre


The attached Talking Points are for Ken's use in his conversations and/or
meetings with Bush Administration officials on their National Energy Plan.
We are awaiting word on a possible meeting today with Josh Bolton at 4:30.
We have confirmed a meeting Friday at 3:45 with Larry Lindsey.  Thanks


FYI... Mark Taylor is ill and will be out of the office the rest of the
afternoon.

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


Please proceed with the assignment referenced above.  In terms of the ISDA
assignment and amendments, everything was satisfactory.  I do however,
recommend, if this hasn't already been done, that legal bless the guaranty
language by Conectiv.

If you should have any comments or questions, please contact me at x5-7712.

Rgds,
Ed Sacks

Tracy Ngo@ECT
04/19/2000 10:44 AM
To: Susan Flynn/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron

Subject: Re: Assignment and Amendment of Delamarva Light & Power Company/ ENA
ISDA Agreement to Connectiv Energy Supply, Inc.

Ed Sacks is finalizing the review of this today.  Thanks for the follow up.

Susan Flynn
04/19/2000 10:42 AM
To: Tracy Ngo/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT

Subject: Assignment and Amendment of Delamarva Light & Power Company/ ENA
ISDA Agreement to Connectiv Energy Supply, Inc.

 Tracy, as we have discussed, the CP's attorney wants to get this assignment
in place before the end of April.  The CP's attorney calls almost daily to
check the status of the assignment.   I know you are busy, but could please
take a look at this document today?   Thanks!