---------------------- Forwarded by Kayne Coulter/HOU/ECT on 12/12/2000 06:22
AM ---------------------------

Felicia Doan
12/11/2000 05:07 PM
To: Rudy Acevedo/HOU/ECT@ECT, Diana Allen/Corp/Enron@ENRON, Russell
Ballato/NA/Enron@Enron, Ted Ballinger/NA/Enron@Enron, Don
Baughman/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Corry
Bentley/HOU/ECT@ECT, Robert Benson/Corp/Enron@ENRON, Tamara Jae
Black/HOU/ECT@ECT, Lisa Burnett/Corp/Enron@Enron, Paul J
Broderick/HOU/ECT@ECT, Richard Broussard/Corp/Enron@Enron, Larry
Campbell/ET&S/Enron@ENRON, Mike Carson/Corp/Enron@Enron, Jason
Choate/Corp/Enron@ENRON, Lawrence Clayton/Corp/Enron@Enron, Kevin
Cline/Corp/Enron@Enron, Terri Clynes/HOU/ECT@ECT, Keith
Comeaux/Corp/Enron@Enron, Karla Compean/HOU/ECT@ECT, Kayne
Coulter/HOU/ECT@ECT, Jason Crawford/Corp/Enron@Enron, Mike Curry/HOU/ECT@ECT,
Oscar Dalton/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Clint
Dean/Corp/Enron@Enron, Todd DeCook/Corp/Enron@Enron, George
Diaz/Corp/Enron@ENRON, Felicia Doan/HOU/ECT@ECT, Chris Dorland/HOU/ECT@ECT,
Tom Dutta/HOU/ECT@ECT, Joe Errigo/Corp/Enron@Enron, David
Fairley/HOU/ECT@ECT, Miguel L Garcia/NA/Enron@ENRON, Gerald
Gilbert/HOU/ECT@ECT, Doug Gilbert-Smith/Corp/Enron@ENRON, Joe
Gordon/Corp/Enron@Enron, Gautam Gupta/HOU/ECT@ECT, Patrick Hanse/HOU/ECT@ECT,
Brent Hebert/HOU/ECT@ect, Juan Hernandez/Corp/Enron@ENRON, Rogers
Herndon/HOU/ECT@ect, Wayne Herndon/Corp/Enron@ENRON, George
Hopley/HOU/ECT@ect, Jim Homco/HOU/ECT@ECT, Richard Hrabal/HOU/ECT@ect, Rika
Imai/NA/Enron@Enron, Alton Jackson/Corp/Enron@Enron, Larry
Jester/Corp/Enron@ENRON, Gary Justice/NA/Enron@Enron, Mike E
Kelly/NA/Enron@Enron, Grace Kim/NA/Enron@Enron, Jeff King/Corp/Enron@Enron,
John Kinser/HOU/ECT@ECT, Madhup Kumar/Corp/Enron@ENRON, Dean
Laurent/HOU/ECT@ECT, Justin Laverell/Corp/Enron@ENRON, Chris
Lenartowicz/Corp/Enron@ENRON, John Llodra/Corp/Enron@ENRON, Matt
Lorenz/HOU/ECT@ECT, Gretchen Lotz/HOU/ECT@ECT, Peter Makkai/NA/Enron@Enron,
Dave Mangskau/Corp/Enron@ENRON, Posey Martinez/HOU/ECT@ECT, Tom
May/Corp/Enron@Enron, Keller Mayeaux/Corp/Enron@Enron, Doug
Miller/Corp/Enron@Enron, Jeffrey Miller/NA/Enron@Enron, Narsimha
Misra/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Steve
Olinde/Corp/Enron@Enron, Andy Pace/NA/Enron@Enron, Juan
Padron/NA/Enron@Enron, Ricardo Perez/NA/Enron@Enron, Joseph
Piotrowski/NA/Enron@Enron, Laura Podurgiel/HOU/ECT@ECT, Kevin M
Presto/HOU/ECT@ECT, Cyril Price/HOU/ECT@ECT, Joe Quenet/NA/Enron@Enron, Mitch
Robinson/Corp/Enron@Enron, Bill Rust/HOU/ECT@ECT, David
Ryan/Corp/Enron@ENRON, Eric Saibi/Corp/Enron@ENRON, Zachary
Sampson/NA/Enron@ENRON, Anna Santucci/NA/Enron@Enron, Janelle
Scheuer/HOU/ECT@ECT, Kyle Schultz/HOU/ECT@ECT, Erik Serio/Corp/Enron@Enron,
Doug Sewell/HOU/ECT@ECT, Robert Stalford/NA/Enron@Enron, Chad
Starnes/Corp/Enron@Enron, Joe Stepenovitch/Corp/Enron@Enron, Mark
Symms/Corp/Enron@ENRON, Ramanarao Tamma/NA/Enron@Enron, James E
Terrell/HOU/ECT@ECT, Garrett Tripp/TOR/ECT@ECT, Greg Trefz/Corp/Enron@ENRON,
Larry Valderrama/HOU/ECT@ECT, Maria Valdes/Corp/Enron@Enron, Jewell
Wade/NA/Enron@Enron, Joseph Wagner/NA/Enron@Enron, Christopher
Watts/NA/Enron@Enron, Lloyd Will/HOU/ECT@ECT, Jay Wills/Corp/Enron@ENRON,
George Wood/Corp/Enron@Enron, Richard Broussard/Corp/Enron@Enron, Keith
Comeaux/Corp/Enron@Enron, Jason Crawford/Corp/Enron@Enron, George
Diaz/Corp/Enron@ENRON, Brent Hebert/HOU/ECT@ect, Jim Homco/HOU/ECT@ECT, Alton
Jackson/Corp/Enron@Enron, Justin Laverell/Corp/Enron@ENRON, Chris
Lenartowicz/Corp/Enron@ENRON, Steve Olinde/Corp/Enron@Enron, Mitch
Robinson/Corp/Enron@Enron, Erik Serio/Corp/Enron@Enron, Felicia
Doan/HOU/ECT@ECT, Paul D Thomas/NA/Enron@Enron, Alan Chen/Corp/Enron@Enron
cc:
Subject: Vendor Demos for ERCOT ISO

There will be Vendor Demos for ERCOT ISO on the following days:

Day/Date  Time   Vendor Name    Location

Tuesday, 12/12  9AM - 11:30AM  Altra/Majors Caldwell   EB3125B
Tuesday, 12/12  3PM - 5PM  Structure Consulting/Loen Winstead EB3125B
Wednesday, 12/13 9AM - 11:30AM  Alston ESCA/Lawrence Ferry  EB3125B
Thursday, 12/14  9AM - 11:30AM  ABB/David L'Anson   EB3125B

If you need additional information, please contact Madhup Kumar at ext.
3-0608.

Many Thanks,

Felicia
for Madhup Kumar

---------------------- Forwarded by Felicia Doan/HOU/ECT on 12/11/2000 04:51
PM ---------------------------

Madhup Kumar@ENRON
12/08/2000 12:32 PM
To: Lloyd Will/HOU/ECT@ECT, Thresa A Allen@ECT, Corry Bentley/HOU/ECT@ECT,
Smith L Day/HOU/ECT@ECT, Steve Olinde/Corp/Enron@Enron, Doug
Gilbert-Smith/Corp/Enron@ENRON, Mike Curry/HOU/ECT@ECT, Felicia
Doan/HOU/ECT@ECT
cc:
Subject: Vendor Demos for ERCOT ISO

Following is the schedule for vendor demos for ERCOT ISO:

12/12/00  9 am to 12pm   Tue day Altra   Majors Caldwell 713-419-3461
12/12/00  3 pm to 5 pm Tue day Structure Consulting Loen Winstead
919-349-3997
12/13/00  9  am to 12 pm  Wed day Alstom ESCA  Lawrence Ferry 206-465-3358
12/14/00  9 am to 12 pm  Thurs day ABB   David I'Anson    919-621-5742

Felicia will let us know the conf room.

Felicia,
Please schedule the rooms at least 1 hr earlier so that vendors can setup the
equipment.

Thanks.
Madhup


Please send me your schedule, sir!  Thank you!
---------------------- Forwarded by Joseph Alamo/NA/Enron on 04/09/2001 10:21
AM ---------------------------

	Joseph Alamo
	04/06/2001 11:59 AM

To: Paul Kaufman/PDX/ECT@ECT, Susan J Mara/NA/Enron, Sandra
McCubbin/NA/Enron, Mona L Petrochko/NA/Enron, Jeff Dasovich/NA/Enron
cc: Lysa Akin/PDX/ECT@ECT

Subject: Schedules Request for Week of April 9th

Please forward your *anticipated* schedules for next week to me at your
earliest convenience.

Thanks in advance for your assistance.

Joseph Alamo
Sr. Administrative Assistant
Government Affairs - The Americas
San Francisco CA


Forwarded at request of Joe Hillings:

---------------------- Forwarded by Lora Sullivan/Corp/Enron on 12/10/99
12:03 PM ---------------------------

"Robert C. Fisher" <RCFisher@HillsandCo.Com> on 12/10/99 10:48:15 AM
To: Joe Hillings/Corp/Enron@ENRON
cc: "Carla A. Hills" <CAHills@HillsandCo.com>, Erin Endean
<EMEndean@hillsandco.com>, "Edward A. Casey, Jr." <EACasey@HillsandCo.com>

Subject: WTO -- E-Commerce

Joe -- I had a conversation this morning with Jonathan McHale at USTR on
the status of E-commerce after Seattle.

McHale said that the E-commerce moratorium put in place by ministers in
May 1998 was schedule to run through the Third WTO Ministerial (i.e.
Seattle).  Since that Ministerial was suspended (and not formally
ended), the US view is that the moratorium is still in effect.

As to the work done in Seattle, McHale observed that the E-commerce
people had reached a fair degree of consensus on an extension of the
E-commerce moratorium, a work plan to look at the applicability of the
WTO's rules to E-commerce, and a commitment about not imposing
unnecessary regulations on E-commerce.  Since the Ministerial was
suspended, that progress is in limbo, and the US and other WTO members
are considering how best to proceed.

I asked him about the comments attributed the EU officials that the EU
would agree to an extension of the E-commerce moratorium only if other
countries agreed to the EU's assertion that all E-commerce falls under
the WTO services agreement (GATS).  He said that the US would never
agree to that, and that other countries shared the U.S. position.

As to next steps, he suggested that it would be important for companies
to go through the current WTO commitments and the UN's Central Product
Classification (CPC) code to make sure that whatever E-commerce
activities they are engaged in are covered.  I mentioned the work we are
doing on energy services, and he said the work in E-commerce in
analogous -- we should go through and see what services already are
covered, and let USTR know if we think that something we are doing is
not covered and needs to be brought into the service definitions.  In
other words, define who we are, what barriers we face (or what areas
need to be kept barrier free), and what our key issues and markets are.

As Enron considers what its interests are in E-commerce, you probably
will want to think both about the activities you are directly engaged
in, and those activities your customers are engaged in.  For example,
the benefits of having the pipeline (i.e. bandwidth) unencumbered by
tariffs or unnecessary regulations would be limited if the products
delivered over the pipeline were subject to significant restrictions.

McHale was very open, and I expect he would be pleased to meet with
Enron if you wanted to get into a more detailed discussion of the issue.

Regards -- Bob


Mark

 FYI, as discussed.  Thought the agreement, which allows a client to trade
straight into our LIFFE account using a LIFFE Connect terminal, might be of
interest to Justin too.  Regards

Paul
---------------------- Forwarded by Paul Simons/LON/ECT on 12/12/2000 18:53
---------------------------

Paul Simons
12/12/2000 15:01
Sent by: Nina Edmonds
To: Paul Sentance/LON/ECT@ECT
cc:

Subject: Armajaro

Please see attached.


This is the e-mail I mentioned yesterday.  It is not exactly what had been
described to me and I do have concerns with it.  My preference would be to
limit the clause to the providing of letters of credit whenever we ask (as
opposed to any security in form and from a provider satisfactory to us).  I
understand that London legal was doing some tinkering with the language but I
haven't seen anything from them yet.  Let's discuss.
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
07/15/99 09:18 AM ---------------------------

David Hardy
07/09/99 11:54 AM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc: Louise Kitchen/LON/ECT@ECT, William S Bradford/HOU/ECT@ECT, Debbie R
Brackett/HOU/ECT@ECT, Scott Sefton/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT,
David Weekes/LON/ECT@ECT
Subject: Credit Clause - online trading GTC's

Mark,

Following the Online Trading conference call, here is the first stab at the
Credit Clause to include in the GTC's for less credit worthy counterparties :-

"If, for any reason [ Enron ] determines it is necessary to obtain security [
Enron ] may in its sole discretion and within one business day upon notice to
[ Counterparty ], require [ Counterparty ] to provide [ Enron ] with
satisfactory security, in a format and from a provider acceptable to [ Enron
].

Without prejudice to any legal remedies available to [Enron] and without
[Enron] incurring any other costs, losses or damages (whether to
[Counterparty] or to third parties) arising from any delay or other, [Enron]
may withhold or cease delivery (whether or not delivery has commenced) until
[Enron ] receives prepayment, or  cash collateral or an acceptable letter of
credit or guaranty, as the case may be. All bank charges and other fees,
commissions, costs and expenses incurred with respect to furnishing security
to [Enron] shall be for the account of [Counterparty]."

The second paragraph provides a remedy for contracts involving  physical
deliveries, but  requires some re-working to provide Enron the right to
terminate specific contracts with a counterparty for trades which are purely
financial contracts, if the Counterparty failed to provide adequate security
in suggested time frame.
Please call if you have any questions.

Regards

David


Still pretty nasty language huh?  How was your Mother's Day Mulching Party?
Great day wasn't it?

K-

Kay Mann
05/14/2001 01:00 PM
To: Mark Metts/Enron@EnronXGate, Timothy J Detmering/HOU/ECT
cc: John Llodra/Corp/Enron@ENRON, W David Duran/Enron@EnronXGate, Lance
Schuler-Legal/HOU/ECT@ECT (bcc: Kathleen Carnahan/NA/Enron)

Subject: Confidentiality agreement

Gentlemen,

I'm with EWS Legal, and I'm working with John Llodra (East Power origination)
concerning a confidentiality agreement with Ameresco.  The proposed
transaction is described as follows:

 A potential power plant site development and asset management services
related to the Island End Generation Project, a nominal  365 MW combined
cycle power generation facility, proposed to be located in Everett,
Massachusetts.

The current draft of the CA contains this language:

 From the time of the signing of this Agreement until October 1, 2001 neither
Party shall pursue the Proposed Transaction without  the participation of the
other Party, unless the other Party consents in writing or notifies the other
Party that it does not intend to   pursue the Proposed Transaction.

In accordance with policy, this issue is being submitted to you for your
review.

John can be contacted at 978 449 9936.  My extension is 57566.

Thank you,

Kay

Here is the entire CA:


Daren,

I know it's first of the month but the above meter has flow for 3/15 (71
dec.) and 3/23 (35 dec.) but the deal (Sitara #213005) doesn't cover these
two days.

Can you see if it is feasible to activate these two days in Sitara so that I
can clear my exceptions for Volume Management?

Thanks
-Jackie-
3-9497


Set-up a directory for the weekly report and distribute.
Assigned to: CN=Jeff Arnold/OU=GCO/O=Enron
Updated by: CN=Jeff Arnold/OU=GCO/O=Enron


----- Forwarded by Tana Jones/HOU/ECT on 06/14/2000 09:51 AM -----

	Tom Moran
	06/12/2000 05:43 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT,
Linda S Bryan/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, Sylvia A
Campos/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON,
Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities,
Enron Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT
		 cc:
		 Subject: EOL / Credit / GCP Responses 6/12/00

Please find attached Credit's EOL responses for 6/12/00.

Regards
tm


thank ;you very much

Kam Keiser
05/08/2001 01:20 PM
To: Nelson Ferries/Corp/Enron@ENRON
cc: Scott Neal/HOU/ECT@ECT
Subject: TDC

Nelson,

I have booked the TDC deal for the remainder of the term.  It is now in the
Gulf3 book at Tenn/Zone1.  If locations need to change, and I'm sure they
will, please let me know and I will make sure it is hedged correctly.

sitara #778201

also,  if you could use the same sitara number every month for the central
gas it would help make our reconciliation process much smoother.

Thanks,

Kam


what is up with cu?  they suck.  i'm not going to run my mouth about the
broncos b/c i don't want to jinx them.  defense will get better as they play
more.


Hello!

Rusty Mills is interviewing for the Day Ahead Scheduling/Analyst position on Monday, April 30th. I will be distributing a copy of his resume for your review.

Please note the schedule for Monday's interview:

Russell "Rusty" Mills (Mt. Adams conference room)
11:30am - Jeff Richter (Jeff will take him to lunch before or after his interview)
12:45pm - Murray O'Neil
1:30pm - Bill Williams III
2:15pm - Chris Foster
3:00pm - Todd Perry* (waiting to confirm)
3:45pm - TBD (Laura Wente?--need to confirm)

Each interview has been scheduled for 45 minutes. Interviews should last between 30-45 minutes.

If you have questions, please let me know. I can be reached at x8321.

Thanks,
Grace


Should we stop withdrawing?
---------------------- Forwarded by Chris Germany/HOU/ECT on 03/13/2000 07:11
AM ---------------------------

Angie Zeman@ENRON
03/10/2000 01:57 PM
To: Chris Germany/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT
cc:
Subject: Storage Ratchets -- Enron North America

---------------------- Forwarded by Angie Zeman/Corp/Enron on 03/10/2000
01:54 PM ---------------------------

Ora_L_Ash@CNGT.CNG.COM on 03/10/2000 12:58:40 PM
To: MLAFUZE@ECT.ENRON.COM, Angie.Zeman@enron.com
cc:
Subject: Storage Ratchets -- Enron North America

     As of  March 8, 2000,  the Storage Gas Balance for Contract 530586 was
2,944 dekatherms or 21%  full.

     CNG Transmission Corporation

?s (CNGT) Rate Schedule GSS,  Section 8.4
provides that if Storage Gas Balance is less than or equal to 16%, then CNGT?s
obligation to make deliveries from storage shall be reduced by 30%.
Therefore,
when Storage Gas Balance falls below 16% or 2,236 dekatherms,  CNGT?s
obligation
to make deliveries from this storage account shall be reduced from 210
dekatherms to 160 dekatherms.

     Please review,  monitor, and if necessary, adjust the storage withdrawals
to avoid overruns and the resulting penalties as provided in Section 35.3B of
the General Terms and Conditions.  If you have any questions, please feel free
to contact me at 304-623-8546.


Let's start over:

ISSUE 1-Mike Swerzbin
deal 524248 and deal 524266
This two deals checkout with Amerex fine.  Amerex has one deal at 50 mw and
we have two identical deals at 25 mw.

deal 524247
This deal checks out with Amerex fine.

The deal that I am missing is Enron buys from EES 25 mw of off-peak Mid-C for
Q3'01 at $285.95.

ISSUE 2- Mike Swerzbin
deal 524267
 Amerex has 50 mw and we have 25 mw.

ISSUE 3- Dianna Scholtes
deal 523984
Amerex has price as $345 and we have price as $335.

This has been a terrible ordeal and I will be so glad when everthing is
resolved!!!

Thanks
Evelyn

   Kate Symes @ ECT                02/15/2001 06:10 PM

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

Subject: Re: 2/15 Amerex Checkout

I am missing the following deal:
Enron buys from EES 25 mw of off-peak Mid-C for Q3'01 at $285.95. - 524248 -
part of a spread sleeve done with EES and El Paso - only one broker fee
agreed upon - fee included on deal 524247 NOT 524248

Thanks,
Kate

Evelyn Metoyer@ENRON
02/15/2001 02:38 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 2/15 Amerex Checkout

Jeff Richter
deal 523881
Per Amerex the term should be 2/17 only not 2/17-2/18

deal 523882
Per Amerex the term should be 2/17 only not 2/17-2/18

Matt Motley
deal 524143
Per Amerex the price should be $263 not $163

Mike Swerzbin
deal 524171
Per Amerex the price should be $300 not $310

deal 524172
Per Amerex the price should be $300 not $310

deal 524267
Per Amerex the total mw should be 50 not 25

deal 524310
Per Amerex the term should be March not April

I am missing the following deal:
Enron buys from EES 25 mw of off-peak Mid-C for Q3'01 at $285.95.


Tana

Yes  - it's just for EOL LLC, thanks

J

From: Tana Jones on 01/11/2000 15:05 CST
To: Justin Boyd/LON/ECT@ECT
cc:

Subject: Re: EnronOnline LLC and Enron North America Corp.

Justy,

Re: the below, we shouldn't be signing passwords any more for ENA, so I
wanted to confirm with you that I should only be preparing this resolution
for EOL...?

	Justin Boyd
	10/11/2000 09:49 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: EnronOnline LLC and Enron North America Corp.

..what a star you are!!

justin

---------------------- Forwarded by Justin Boyd/LON/ECT on 11/10/2000 15:52
---------------------------
From: Tana Jones on 11/10/2000 09:38 CDT
To: Cindy Buckley/LON/ECT@ECT
cc: Justin Boyd/LON/ECT@ECT

Subject: Re: EnronOnline LLC and Enron North America Corp.

These could take a few days (or more!).  They have to be circulated to the
directors of the Company for signature and timing will depend on their
availability for signature.  If Amita wants to start signing today, she can
go ahead and start signing now and I'll make her appointment effective as of
today.

	Cindy Buckley
	10/11/2000 09:22 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: EnronOnline LLC and Enron North America Corp.

Hi Tana

Thanks for quick response.

I'm happy for the unanimous consents of the directors and the
attorneys-in-fact.  Please could you let me know when these have been signed
and are effective.

Thanks for your help.

Regards


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/04/2001
03:52 PM ---------------------------

"Angela Dorsey" <Angela.Dorsey@bus.utexas.edu> on 04/03/2001 03:12:14 PM
To:
cc:
Subject: Energy Finance Conference presentations available

FYI:
You can now retrieve most all the speaker presentations of the 2001 Energy
Finance Conference (Feb 22-23) from our website at
http://cefer.bus.utexas.edu, with the exception of presentations made by John
McCormack, Peter Nance, Sailesh Ramamurtie, and Ehud Ronn / Anoop Kapoor,
which I hope to still receive.

Sincerely,
Angela

**************
Angela Dorsey
Assistant Director
Center for Energy Finance Education & Research
The University of Texas at Austin
Department of Finance, CBA 6.222
Austin, TX 78712
angela.dorsey@bus.utexas.edu
**************


So whats the bet for the game on Wednesday?


Hi there,

Any comment?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/12/2001 10:49
AM ---------------------------

lee.johnson@ss.ps.ge.com on 02/12/2001 10:44:39 AM
To: kay.mann@enron.com, peterthompson@akllp.com
cc: paulpipitone@akllp.com, chriscobb@akllp.com, kent.shoemaker@ae.ge.com,
lee.johnson@ss.ps.ge.com

Subject: RE: City of Austin Breakout Agreement

Kay,

The guaranteed performance values in section 10 have been edited, & I'm not
sure why.

I'm not sure who to go to on the Technical side of your team.  Maybe Eric
Booth can explain, but months ago Bruce Golden and I discussed whether the
guarantee values should be revised for site conditions. The decision was
made that a site  specific guarantee was not needed, that it would be
acceptable to correct for the difference in elevation (sea level to 435 ft)
and exhaust losses (6" to 12" backpressure).

I'd prefer to stay the course.  However, if there is now a compelling reason
to change, I'd like to request the guarantee based on the revised basis
conditions given in Appendix A and verify these performance values.    (We
don't have a record of supplying these numbers.) Our guarantee process
usually takes several days to a week, depending on the backlog of requests
in house.

Please let me know asap.

Thanks,

Lee

-----Original Message-----
From: Thompson, Peter J. [mailto:peterthompson@akllp.com]
Sent: Monday, February 12, 2001 9:04 AM
To: Kent. Shoemaker (E-mail); Lee. Johnson (E-mail)
Cc: Kay Mann (E-mail); Pipitone, Paul; Cobb, Chris
Subject: City of Austin Breakout Agreement

   Pursuant to Kay Mann's instructions, attached please find a
clean copy of the most recent version of the City of Austin Agreement
(the second document below), as well as a blackline showing changes from
the last version circulated on December 14.  The Agreement deletes
references to specific performance guarantees for combined cycle plants.
The Agreement now has the exhibits rolled in. To complete the agreement,
we need to include the date of execution, the addresses and contacts for
Sections 25.1 and 25.3, and Exhibit H-2.
 <<CRO- City of Austin/GE Facility Agreement Versions 3 to 4.DOC>>
<<Gas Turbine Agreement Draft of 12/13/00.DOC>>


I have not - happy to coordinate with you.

Alan Aronowitz
04/18/2000 11:39 AM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Feedback--Legal Checklist

Have you responded to this yet? If not, perhaps we could coordinate our
reply. Please advise.

Alan
---------------------- Forwarded by Alan Aronowitz/HOU/ECT on 04/18/2000
11:34 AM ---------------------------

Darren Maloney@ENRON
04/13/2000 05:37 PM
To: Mark Taylor/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT
cc: Jay Fitzgerald/Corp/Enron@ENRON
Subject: Feedback--Legal Checklist

Gentlemen,

We have put together a template to help with the conceptualization of
eBusiness opportunities for the Enron Net Works Group.
This is a broad attempt to put some structure around the multitude of issues
that must be addressed to validate and correctly
conceive these ventures (in addition to reducing redundancy).

In regards to the legal analysis that must be conducted, I have attached the
relevant excerpt below.  Essentially, the list is to help
internal sponsors and managers understand the issues at hand prior to and
during the formation of these businesses, and
be able to talk to legal experts such as yourselves about the business' role
in the context of material legal issues.  I would
appreciate your comments--any and all are welcome.

Potentially, triggers or thresholds for "classification" may be relevant, but
I defer to your judgement those issues that may be of
relevance to the non-legal businessperson.  I look forward to your responses.

Regards,
Darren Maloney
36661

Legal Analysis
- Anti-Trust Risks
 - Concentrated Industry Ownership
 - Concentrated "Channel"Ownership
- Regulatory Risks (CFTC)
 - Clearinghouse Function
  - Open versus Member Community
  - Qualified Participants/Users
  - Post General Terms and Conditions, Member of Exchange?
  - Post General Terms and Conditions, Specific Product Contracts?
 - Corporate Organizational Issues
  - Flexibility to Accommodate Strategic Partnering
  - Value Maximizing Alternative
- Contractual Terms and Language
 - Product Definitions, Both Financial and Physical
 - Delivery and Performance
 - Related Remedies
- SEC Registration
 - Requirements and Implications for Corporate Organization
 - S-1 or Related Filings
- Other Risks and Exposures?


CGoering@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hours beginning 05:00 and 08:00-23:00 in the May 1,
2001
Real-Time Market as well as the following hours per ECA20001006B to verify
prices:

PJM: 00:00-02:00, 22:00
OH:  00:00, 22:00
HQ:  00:00, 05:00, 07:00, 22:00
NE:  00:00-05:00, 22:00, 23:00

Prices in the May 2, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be found
at
the following address on our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


<meta name="description" content="The Computer Products Superstore. Supplying the world since 1984 with guaranteed lowest prices, huge inventory, easy ordering, and super fast service.">
<title>PROVANTAGE.COM : The Original Advantage</title>

<map name="FPMap0">
      <area href="http://www.provantage.com" shape="rect" coords="437, 3, 589, 43"></map>

          October 30, 2001

Can't
            read this email? Click
            here

          Issue#:
            e12610

To
            unsubscribe from the

            Original Advantage Click
      here

            (Do Not Reply to this email)

          PROVANTAGE
            Customer: jeff_dasovich@enron.com

<!VR>
<!EVR>

Products that
give you the Professional Advantage!

New Listing!

Palm m505 Handheld Organizer
By Palm Inc

Get color, travel light.
Color support in a handheld that's just as small and compact as our popular V series handhelds. The advanced LCD screen <nobr>...More</nobr>

  $449.00

MultiSync FE700+ 17in/16.0v Flat CRT Monitor
By NEC/Mitsubishi

Flat Screens for Everyone!

The MultiSync FE Series offers all the benefits of a perfectly flat faced CRT, normally geared toward professional <nobr>...More</nobr>

  $166.63

GV-SP2U Digital Video Printer 310DPI USB
By JVC

The JVC GV-SP2 digital system printer creates "borderless" photo-style 4" X 6" prints for the most demanding digital darkroom. It has an exclusive high <nobr>...More</nobr>

  $381.03

Bar Code WandReader for PC
By Informatics Bar Code Products

Wasp WandReader affords customers the most economical vehicle to scan bar codes. Wasp WandReader allows you to easily increase your productivity and accuracy <nobr>...More</nobr>

  $113.92

FastTrak100 TX4 4 Channel Ultra ATA/100 RAID
By Promise

Designed for small office and departmental servers with higher data capacity requirements than two-drive RAID 1 delivers, the FastTrak100 TX4 PCI card <nobr>...More</nobr>

  $119.98

HS1 Gaming/Multimedia Stereo PC Headset with Hi-Fi
By Plantronics

Model HS1 offers hi-fi stereo for the ultimate multimedia experience. 40mm speakers with dynamic bass response enhance multimedia games and music. The <nobr>...More</nobr>

  $24.45

New!

RoboHelp Office v9.2 Gold Edition
By eHelp Corporation

The Award-winning Help Authoring Suite

When you buy RoboHelp Office Gold Edition during the month of October you get 6 months of FREE Gold <nobr>...More</nobr>

  $835.15

New!

PenCam VR (Voice Recorder) 5-In-1 Camera USB
By Aiptek

For USB & Windows 2000, 98, Me & XP. Built in 8MB of SDRAM

Voice Recorder Audio record function makes PenCam ideal for dictation <nobr>...More</nobr>

  $71.78

Office XP Inside Out
By Microsoft

Hundreds of timesaving solutions - easy to find, easy to use! Get tips, tricks & workarounds. Work smarter!

Comprehensive reference to Office <nobr>...More</nobr>

  $22.23

Santa Cruz 6-Speaker PCI Sound Card
By Voyetra

For Windows 9x/Me & NT 4.0

Combines cutting-edge technology, audiophile sound quality and an unprecedented array of features to deliver the <nobr>...More</nobr>

  $73.29

New Version!

Norton SystemWorks 2002 v5.0 STANDARD for Windows
By Symantec

$30 ($45 CDN) mfg main-in rebate for owners of stand alone or pre-loaded versions of any Norton or Symantec software product, or owners of any retail <nobr>...More</nobr>

  $68.56

New!

Jornada 564 3.5in LCD 32MB RAM 32MB Flash ROM Clr
By Hewlett Packard

Work with pocket-sized applications from Microsoft including Word, Excel, Explorer and Outlook. View documents, email, spreadsheets and the Web on a vibrant, <nobr>...More</nobr>

  $497.95

Pocket CD-RW 8x4x24 CardBus External
By Addonics

Great for copying audio CDs, data CDs, or for backup. Use as a removable drive or a 20x CD-Rom drive.

All POCKET CD-RW Drives are bundled with "Adaptec <nobr>...More</nobr>

  $307.77

P-330N Instant Photo Printer
By Olympus

The P-330 and P-330N Instant Home Photo Printers let you create photographic prints right in your own home. The P-330 and P-330N connect directly to your <nobr>...More</nobr>

  $399.00

Web
      Address: www.PROVANTAGE.com

       Toll Free: 800-336-1166     Fax:
330-494-5260     email: sales@provantage.com

        Privacy
        Policy | Terms &
        Conditions | FREE
        Catalog

©2001
        PROVANTAGE Corporation, 7249 Whipple Ave. NW, North Canton, OH 44720

    Products,
        prices, terms, conditions, or offers may change at any time. Company
        and/or product names are generally trademarks, or registered trademarks
        of their respective companies. Some promotional text may be copyrighted
        by the product's manufacturer.

        The
        Original Advantage promotional email is delivered only to customers of
        PROVANTAGE Corporation. PROVANTAGE customers have purchased products in
        the past and submitted their email address as part of the checkout
        process. Or, customers have entered their name in the "Add to Email
        List" box on the PROVANTAGE.com home page. Any customer may unsubscribe from the list at any time by going
        to http://www.provantage.com/unsubscribe.htm.
        The email address is permanently removed from additional promotional
        electronic mailings, and will not be reactivated unless requested by the
        customer.


The Empire Abo volume now flows through the Agave Loco 12" Loop, however, when Agave has compressor problems the flow will come back to us.  When the Abo operator calls for their volume each morning, be sure to check for accumed flow at both locations.


CPUC sees market abuses, claims overcharges
California regulators told FERC in a filing they have sufficient evidence of
market power
abuse to warrant additional investigation.
In response to FERC,s request for comments on proposals to repair California,
s wholesale
power market, the California Public Utilities Commission (CPUC) also argued
retail electricity
consumers had been overcharged by up to $4 billion by independent
generators.  The CPUC
did not name any specific generator.

&The CPUC,s preliminary staff analysis * conducted under similar conditions
of imperfect
data and inadequate time * suggests that claims of tight supply and increased
costs, while
real, are overstated and explain less of the increased costs than FERC staff
concludes,8 the
CPUC says.

The CPUC,s filing cites FERC,s own assertion that California,s wholesale
market structure
provided the opportunity and potential for market power abuses. However, the
CPUC disagrees with FERC,s conclusion that insufficient evidence exists to
prove actual abuses occurred.  Claiming that FERC,s own investigation into
market manipulation was incomplete, the California regulators charge &that
market power played a much greater role in the summer,s prices than appears
to be acknowledged in the [FERC] Staff Report.8

California regulators, conducting their own investigation into market power
abuses, examined
the impact of increased costs due to higher-than-normal natural gas prices,
as well as
increased expenses related to obtaining limited environmental permits.
&The CPUC,s preliminary analysis shows that as much as $4 billion of
[California Power
Exchange] costs are attributable to market power for the period between June
and September,8 the state regulators reported. &FERC should set hearings on
this issue.8

More generally, the CPUC criticized FERC,s Nov. 1 order, claiming that it
&fails to provide
meaningful relief to Californians who ( have spent billions more for power in
recent
months than ever before, paying prices that are not justified on the basis of
industry costs or
any other measure.8

In addition, the CPUC,s comments on the major aspects of the FERC report were
similar to
those of other market participants also filed last Wednesday. The CPUC said
FERC should take
interim measures to allow for immediate price relief for California
consumers, that the $150/
MWh &soft cap8 suggested in the order would not hold prices down effectively,
and that fines on purchasers that do not forward contract the majority of
their load were one-sided.


I'm out of here by 3 today--if I don't hear from you, have a great weekend.
(But we should have dinner sometime)


I am not worried about MY handling abilities.

Susan M Scott
07/27/2000 02:53 PM
To: Ted Noble/HOU/ECT@ECT
cc:
Subject:

I'm not sure if you can handle me...in the hat.


-----Original Message-----
From: Love, Phillip M.
Sent: Tuesday, December 18, 2001 8:35 AM
To: Bass, Eric; Giron, Darron C.; Bosse, Kevin; Gossett, Jeffrey C.;
Winfree, O'Neal D.
Subject: FW: Chris Simms: Covergirl

-----Original Message-----
From: Olney, Matthew
Sent: Tuesday, December 18, 2001 8:25 AM
To: Jones, Brad; Mills, Bruce; Love, Phillip M.; McLaughlin Jr., Errol;
Ryder, Patrick; Taylor, Joey; Johnson, Luchas
Subject: FW: Chris Simms: Covergirl

-----Original Message-----
From: Matt Olney [mailto:mcolney77@yahoo.com]
Sent: Monday, December 17, 2001 9:56 PM
To: Olney, Matthew
Subject: Fwd: Chris Simms: Covergirl

Note: forwarded message attached.

__________________________________________________
Do You Yahoo!?
Check out Yahoo! Shopping and Yahoo! Auctions for all of
your unique holiday gifts! Buy at http://shopping.yahoo.com
or bid at http://auctions.yahoo.com

--------- Inline attachment follows ---------

From:  <bw1716@hotmail.com>
To: azike@localok.com, Alex.Orozco@fmr.com, atracer@mindspring.com, azike15@hotmail.com, justin-beasley@ouhsc.edu, candaceclaro@hotmail.com, c_rosse@hotmail.com, Jason_Causby@dell.com, cbrackeen3@hotmail.com, mgsooner@hotmail.com, jared_laplace@hotmail.com, Lance.Jellison@fmr.com, Mark.Meyne@fmr.com, Mark.Lites@fmr.com, mcolney77@yahoo.com, travisshahan@yahoo.com, waljr@yahoo.com
CC: bw1716@hotmail.com
Date: Thursday, December 13, 2001 5:29:43 GMT
Subject:

Since Chris Simms will not be entering the NFL draft, he's exploring other
career options:

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


TO:ALL NYMEX DIVISION MEMBERS AND MEMBER FIRMS
ALL COMEX DIVISION MEMBERS AND MEMBER FIRMS

FROM:Neal Wolkoff, Executive Vice President

SUBJECT:Approved Amendment to the NYMEX Platinum and Palladium Futures
Contracts to Add Brink,s Inc. as an Exchange Licensed Depository.

The Exchange has received approval from the Commodity Futures Trading
Commission to amend Supplement No. 1 of the NYMEX Platinum and Palladium
Futures Contracts to add the Brink,s Inc. vault facility located at 652 Kent
Avenue, Brooklyn, New York as a Licensed Depository for the storage of
platinum and palladium deliverable against the Exchange,s Platinum and
Palladium Futures Contracts.  Brink,s Inc,s charges for platinum and
palladium are attached.

The approved amendment is effective October 1, 2000.

Copies of the approved amendment are attached.  CAPITAL LETTERS indicate
additions, bracketing [ ] indicates deletions.

Should you have any questions regarding the above, please contact Albert J.
Getz at 212-299-2608.
Approved Rule Amendment
CAPITAL LETTERS indicate additions; [ ] indicates deletions.

PALLADIUM FUTURES CONTRACT

Supplement No. 1

OFFICIAL LIST OF APPROVED DEPOSITORIES

Depository      Facility at

NEW YORK

ScotiaMocatta Depository,    4 World Trade Center
A Division of The Bank of    New York, NY 10048
ova Scotia      212-912-8530
HSBC Bank USA      1 West 39th Street
       New York, NY 10018
       212-525-6439
BRINK,S INC.      652 KENT AVENUE
       BROOKLYN, NY  11211
       718-260-2200

DELAWARE

Delaware Depository Service Company, LLC  3601 North Market Street
       Wilmington, DE 19802
       302-765-3889

Approved Rule Amendment
CAPITAL LETTERS indicate additions; [ ] indicates deletions.

PLATINUM FUTURES CONTRACT

Supplement No. 1

OFFICIAL LIST OF APPROVED DEPOSITORIES

Depository     Facility at

NEW YORK

ScotiaMocatta Depository,   4 World Trade Center
A Division of The Bank of   New York, NY 10048
Nova Scotia     212-912-8530

HSBC Bank USA     1 West 39th Street
      New York, NY 10018
      212-525-6439

BRINK,S INC.     652 KENT AVENUE
      BROOKLYN, NY  11211
      718-260-2200

DELAWARE

Delaware Depository Service Company, LLC 3601 North Market Street
      Wilmington, DE 19802
      302-765-3889

BRINKS Incorporated
652 Kent Avenue
Brooklyn, New York 11211

PRECIOUS METALS EXCHANGE RATES

Contract Weight   Monthly Charge   Out Charge
5,000 T.O. Silver   $18.50    $65.00
  100 T.O. Gold           $ 7.00    $15.00
   50 T.O. Platinum    $7.00    $15.00
  100 T.O. Palladium  $  7.00    $15.00

Contract Weight   Weighing Charge
5,000 T.O. Silver  $5.00
  100 T.O. Gold   $2.00
   50 T.O. Platinum  $1.00
   00 T.O. Palladium  $2.00

 There is no delivery in charge for any Exchange Registered metal.
 There is no charge to issue a contract for an Exchange warrant.
 There is a $5.00 replacement charge for each warrant.
 There is no internal vault charge when transferring metal from
Non-Exchange to Exchange.
 Standard Exchange Contract out charges will be assessed when
transferring metal off an Exchange to Non-Exchange.

OTHER SERVICES

 Pallet strapping - $10.00 per pallet
 Brink,s Global Services Domestic Network*
 Brink,s Global Services International Network*
 Brink,s Tractor Trailer Services*

 Please call 1-800-5 BRINKS for rates and destinations.

Should you have any questions regarding the above, pleasecontact Albert J.
Getz at 212-299-2608.

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

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(00-327)"

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


Sally has set up an interview with Dan Houston for Friday, March 10 and would
also like for you to meet with him.  I have attached a note from Cris Sherman
and Dan's resume.  The following time slots have been scheduled with your
assistants:

1:30-2:00 pm Kristin Albrecht  EB 3747
2:00-2:30 pm  Leslie Reeves  EB 3747
2:30-3:00 pm Brent Price  EB 3747
3:00-3:30 pm Sally Beck  EB 3015
3:30-4:00 pm Brenda Herod  EB 3748

Thanks for your time,
Patti
---------------------- Forwarded by Patti Thompson/HOU/ECT on 03/09/2000
12:57 PM ---------------------------

Cris Sherman
03/03/2000 09:26 AM
To: Sally Beck/HOU/ECT@ECT
cc: Patti Thompson/HOU/ECT@ECT
Subject: Resume

Sally, thanks for considering Dan Houston.  I have attached his resume.  I
have known Dan, both personally and professionally, for probably 15 years. He
started in the early open access marketing company days as a gas accountant
so he has good physical knowledge of the pipes and he, I think, has gotten
good exposure over the last 5 years or so to the risk management side.  He's
the last to be at Tauber and is wrapping up their gas trading business so he
is needing to find a new home.  Again, thanks for the favor.  Let me know if
I can help.


Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 06/13/2001 11:37 AM -----

	"Bill" <Bearbasin@worldnet.att.net>
	06/12/2001 01:50 PM

		 To: <susan_j_mara@enron.com>
		 cc: "Hatch, Bill" <wdhatch@nps.navy.mil>, "Thompson, Thomas W."
<ttt@cpuc.ca.gov>, "Rand Wheatland" <rand@query.com>
		 Subject: Re: Kent Wheatland memorial award

Sue:

Bill Hatch echoes my sentiments 100%.  I am no longer in regulation but Kent
was a great friend and was the reason I came to the Commission almost 10
years ago and was a great friend and force in helping me start my own
business three years ago.  I'm glad California still has people like you as
true champions that have great heart and are willing to stand up for what
they believe are few and far between.  All the best in you're career with
Enron!

Truthfully Yours;
Bill Sandoval

----- Original Message -----
From: "Hatch, Bill" <wdhatch@nps.navy.mil>
To: <susan_j_mara@enron.com>
Cc: "'Sandeval, Bill'" <bill@BearBasin.com>
Sent: Tuesday, June 12, 2001 1:11 PM
Subject: Kent Wheatland memorial award

> Sue,
>
> I would like to congratulate you on being the first recipient of the Kent
> Wheatland memorial award. I am sure attaining this award did not come
> easily. Kent truly believed in what he did and loved every minute he spent
> in the environment.
>
> He was my closet friend for well over 30 years. He and I traveled the
> country, camped and did just about everything since our days in the Boy
> Scouts together. Once again congratulations and thanks for keeping his
name
> in the fore front and alive.
>
> Bill
>
> > CDR Bill Hatch
> > Manpower Systems Analysis
> > Naval Postgraduate School code SM/Hh
> > 555 Dyer Road, Room 236
> > Monterey, CA 93940-5103
> > DSN 878-2463
> > COMM 831-656-2463
> > FAX 831-656-3407
> > EMAIL wdhatch@nps.navy.mil
> >
> >


Thanks for the info.  And I sure hear your --  especially re: crim pro!  On
the evidence front, I did the same thing you did -- took it for bar purposes
-- but I never cease to be amazed at how often it comes up in my
non-litigator's practice.  So don't despair, it may yet be helpful.\

 I'm really looking forward to sailing too.  Just two weeks!

Mark


Well you do look good in those pants...maybe too good.  To finish off the
outfit you will need the leopard print cowboy hat.  My flight on America West
2275 (Phoenix to Houston) arrives at 7:30 at Terminal B (IAH).  I am assuming
you will be picking me up with the new hat on.  Don't forget to bring your
suit you little hottie.

Susan M Scott
07/27/2000 01:49 PM
To: Ted Noble/HOU/ECT@ECT
cc:
Subject: Re: Alternative to a .com luau

Okay, okay...The real Susan is back.  So, do you think I should sport the
leopard pants to the party?

By the way, your personal taxi service is on call Sunday  so just let me know
when you need to be picked up (you're flying out of intercontinental, right?).

Ted Noble
07/27/2000 01:31 PM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Re: Alternative to a .com luau

Who is this girl pretending to be Susan?

Susan M Scott
07/27/2000 12:23 PM
To: Ted Noble/HOU/ECT@ECT
cc:
Subject: Re: Alternative to a .com luau

Look at you trying to bring me out of my shell.  I don't know if I'm really
ready though to meet so many new people.  Remember...I am a shy, retiring
wall-flower.


Rob:
Our credit person is okay incorporating the Specified Transaction concept
without a threshold.    Please call me at your convenience to discuss the
remaining open issues.  Thanks.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)


FYI.  Not sure 1) who the right person is to forward this along to, or 2) if
it's something that folks want to follow up on.  Anyway, here's the
dope---Scott is an Enron outside lobbyist located in Sacramento.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/27/2001 11:50 AM -----

	Scott Govenar <sgovenar@govadv.com>
	02/27/2001 10:56 AM

		 To: Jeff Dasovich <jdasovic@enron.com>
		 cc:
		 Subject: Sales

Jeff,

In light of our conversation about ongoing DA sales, the Theater Owners
Association of California would like to talk to someone at Enron about
DA contracts.  The contact is Milton Moritz (President) at (310)
657-7724 or (310) 652-1093, and his conversation with me should be
referenced as I know him personally.

Speak to you soon.

Scott


Frank,

Attached is the end of year review and performance agreement for Sherry
Dawson.  Also attached are the reviews for the rest of group I lead.  I'm not
sure if you need the reviews for the rest of the group, but I attached them
anyway.

Thanks,

 Errol L. McLaughlin


We are parking 4,875 dth/day for the 27th-30th on CNG (deal 281565) and we
are taking out 478 dth/day for the month of June (deal 281565).  ENA is
paying CNG $.04 times the total volume parked.

Angie, these volumes may go up.  I think Tenn is still trying to balance the
weekend and they are a little long.  Clarissa will let you know.


<http://secure.scientech.com/images/spacer.gif>	  <http://secure.scientech.com/images/spacer.gif>
  <http://secure.scientech.com/_IA_TEST/Corner_TL.jpg>	  <http://secure.scientech.com/images/spacer.gif>	  <http://secure.scientech.com/_IA_TEST/Corner_TR.jpg>
	  <http://secure.scientech.com/rci/wsimages/ia_banner02.gif>
  <http://secure.scientech.com/_IA_TEST/Corner_BL.jpg>		  <http://secure.scientech.com/_IA_TEST/Corner_BR.jpg>

  <http://secure.scientech.com/images/spacer.gif>	 <http://secure.scientech.com/specialpages/Multi_Client.asp>

  <http://secure.scientech.com/images/spacer.gif>	  <http://secure.scientech.com/images/spacer.gif>
	  <http://secure.scientech.com/rci/wsimages/will100border_copy.jpg>
  <http://secure.scientech.com/_IA_TEST/Corner_TL.jpg>		  <http://secure.scientech.com/_IA_TEST/Corner_TR.jpg>
	  <http://secure.scientech.com/images/spacer.gif> <http://www.thestructuregroup.com>
  <http://secure.scientech.com/images/spacer.gif> <http://secure.scientech.com/specialpages/Strategic_Planning.asp>   <http://secure.scientech.com/images/spacer.gif> <http://secure.scientech.com/rci/details.asp?ProductID=909>   <http://secure.scientech.com/images/spacer.gif>
  <http://secure.scientech.com/_IA_TEST/Corner_BL.jpg>		  <http://secure.scientech.com/_IA_TEST/Corner_BR.jpg>

November 21, 2001

Enron Continues to Implode;
Will the Dynegy Deal Proceed?

By Will McNamara
Director, Electric Industry Analysis

[News item from Reuters] Enron Corp. (NYSE: ENE) shares fell sharply in opening trade on Nov. 20 after the humbled energy giant warned it could be forced to pay by next week $690 million in debt triggered by a credit downgrade last week. The shares were down $1.16, or 12.8 percent, to just over $7.00 in early morning trade on the New York Stock Exchange. The stock was the biggest loser by percentage change and the second-most active stock on the NYSE. As of early morning trading on Nov. 21, Enron shares were priced at $4.85, reportedly their lowest level in nearly 10 years.

Analysis: To paraphrase Shakespeare, "Oh, what a tangled web they weave when first they attempt to?" Wait, I better stop. When speaking about Enron, I am not prepared to finish that sentence, at least at this point. Enron has been accused of a lot of things over the last few weeks, but at this juncture an ongoing Securities and Exchange Commission (SEC) investigation has yet to reach any conclusion regarding deceptive financial reporting on the part of the Houston trader. Enron itself has admitted that its financial records from 1997 through the first half of 2001 "should not be relied upon." Nevertheless, perception is reality and the perception currently in the industry is that Enron is now taking a fall after getting caught following years of skirting the truth. While negative perception continues to cause damage to Enron's stock, perhaps of more current interest are the developments that are more grounded in reality. We know Enron has just lowered its third-quarter earnings, faces a stiff payment of $690 million (due within a week, in fact) and has cast doubt over its 4Q earnings potential. The question of the hour is whether these new financial hits will represent a "material adverse change" in the eyes of Dynegy, which still aims to buy Enron but wisely included an exit clause in its purchase contract. The other question is, what happens to Enron if Dynegy leaves it standing at the altar? A terminated marriage agreement would surely cause further reductions to Enron's already-weak credit standing, and it is unknown how the company could recover from another blow to its reputation.

As has been the case since the first of October, the ongoing "fall of Enron" story is changing by the day. For background on Dynegy's proposed acquisition of Enron, and Enron's financial problems that precipitated the proposal, please see my 11/12/01 IssueAlert (available at www.scientech.com/rci <http://secure.scientech.com/issuealert/article.asp?id=987>). In the interest of time, let me summarize what is happening at this moment. Dynegy rode in as Enron's white knight and plopped down a $9-billion offer ($10 a share) to buy the company, which at the time represented a steal of a price considering that Enron was priced at almost $90 a share little more than a year ago. To some extent, this seemed like the final chapter in the Enron saga. In other words, the company had gone through a tumultuous year, hit its "rock bottom" but still planned to live happily ever after as part of Dynegy, Inc., its much-smaller rival.

The developments just this week amount to a screeching brake that may in fact interrupt the nuptials between the two companies. For starters, on Monday (Nov. 19), Enron submitted its 10-Q report to the SEC (which was five days late, by the way). In the report, Enron dropped what have turned out to be several bombshells. First, Enron disclosed that, due to recent downgrades of its credit rating by agencies such as Moody's, Standard & Poor's and Fitch, it has to pay off or refinance by Nov. 26 debt it owes to a third party with which it has a partnership, or face nearly $4 billion in additional payments. Enron also has the option of finding new collateral to guarantee the debt. Enron would not disclose who owns the note, but we know that the limited partnership includes holdings in C.E.G. Rio, a Brazilian natural gas-company that Enron had planned to sell to raise about $250 million in cash. Note that just last week, various credit services lowered Enron's senior unsecured debt to one notch above junk status and warned that further downgrades may occur, which apparently prompted the call for the debt payment. Reportedly, if Enron does not make the $690-million payment by Nov. 27, investors will gain the right to immediately begin liquidating the asset for an amount equal to the note payable. Enron is presently scrambling to establish a "mutually acceptable" amendment with lenders to avoid having to issue payment on the debt. Along with the acknowledgement of the imminent payment of $690 million, Enron said that any further drop in its credit rating might necessitate further payments of $3.9 billion to other partnerships, the bulk of that figure going to Osprey Trust and Marlin Water Trust.

Also in the new SEC filing, Enron increased its 3Q 2001 loss by 3 cents a share to 87 cents. Enron originally reported a 3Q loss of $618 million, but has now raised that figure to $664 million. As a minor bright side, Enron did increase reported earnings for the first nine months of 2001 by a penny to 20 cents a share, attributed to adjustments made after the quarter's end. However, looking forward, Enron warned that continuing credit worries and a decline in the value of some of its assets could take a further toll on fourth-quarter earnings. Enron also claims that, even still, the numbers contained in the 10-Q report are not necessarily final as they have not been reviewed by Arthur Andersen, the company's external auditor. Thus, further revision of the numbers could take place.

Interestingly, there does not seem to be a big question about whether or not Enron can pay the $690-million debt obligation. Enron apparently has secured an additional $2 billion in loans from J.P. Morgan Chase and Citigroup in the last week. In fact, within the current SEC filing, Enron says that is has $1.2 billion of domestic cash consisting of the lines of credit and net collections. Thus, some investors are reassured by the belief that Enron has the cash on hand to make the $690-million payment if it is unable to renegotiate terms with lenders. According to the SEC filing, Enron also intends to sell off $8 billion in non-core businesses that are performing "below acceptable rates" and would use the proceeds to pay off debts, although this money would probably not be immediately available.

Again, however, there is a perception element to this development that should be noted. Enron has been accused of financing partnerships in the past in such a way as to keep them off the company's balance sheets. Apparently, this non-disclosure was done so that Enron could grow quickly without adding too much debt to its own books or diluting the value of its stock. As has been well documented, Enron is already in the midst of an intense SEC investigation regarding potential conflict-of-issues involving its former CFO. News about other financial deals that may not have been fully disclosed is clearly making investors even more nervous about Enron's stock.

As I said, the question of the hour is whether or not Enron's new problems will cause Dynegy to reconsider its offer. As usual, the answer all depends on who you ask. Dynegy is remaining mum and referring all questions about Enron's financial status to Enron. Investors are rather mixed on the question. Some say that the facts disclosed in the 10-Q report do not dramatically change Enron's position from what it was when Dynegy launched its acquisition and that the current drop in Enron's stock is just a knee-jerk response to the media hype surrounding the story. Further, those who diminish any potential impact say that Enron is still a liquid company and has money coming in from various sources. Thus, it should have no trouble making the $690-million payment. From a broad perspective, so one theory goes, Dynegy is still getting a great deal in Enron due to its staggering drop in stock price, and the acquisition remains valuable to Dynegy as it will position the combined company as North America's biggest marketer and trader of natural gas and electricity.

In contrast, other investors point to the fact that since the purchase agreement was signed, Enron's stock has fallen an additional 32.5 percent, which weakens the original acquisition agreement. In addition, if Enron follows through with the $690-million payment next week or secures additional financing to front this cost, both options alter the company's financial position from when Dynegy made its original offer, which could be construed as a "material adverse change."

Another interesting development indicates that Enron may no longer be the company that Dynegy agreed to purchase. New reports indicate many energy trading companies are now unwilling to sell power or natural gas to Enron for fear about the company's credit concerns. Such companies are now particularly reticent to sell power to Enron for next-day delivery. What this means in practical terms is that other trading companies may be gaining Enron's market share, which could diminish the value in the trading market that had attracted Dynegy to Enron in the first place. In addition, Enron's once-stellar energy trading business could now become reduced or collapse altogether.

Questions have been raised why Dynegy is not doing more at this time to help Enron out of its financial mess. Of course, under the acquisition agreement Dynegy already committed to providing an immediate $1.5-billion asset-backed equity infusion into Enron to help the company with its current financial woes, which will be followed by an additional infusion of $2.5 billion into the combined company by ChevronTexaco, which owns 27 percent of Dynegy. However, some traders apparently have wondered why Dynegy has not done anything about Enron's diminishing ability to secure power on the open market. Traders claim that Dynegy could step in and buy power from sellers on the behalf of Enron, in a strategy known as "sleeving." The fact that Dynegy has not chosen to take this step has been an indication to some observers that it is only willing to go so far in its pursuit of Enron.

In addition, Enron shareholders launched a lawsuit on Nov. 12 in state court in Houston to prevent the merger with Dynegy from happening. The petition reportedly alleges that Enron directors breached their fiduciary duties by agreeing to sell the company at too low a price and without adequate consideration of other alternatives. Enron said it will defend its decision in court.

Moreover, Dynegy was smart to include an exit clause in the acquisition agreement. The clause reportedly allows Dynegy to walk away from Enron if any material adverse change occurs related to the outcome of the SEC investigation, possible litigation against Enron, balance sheet strengths, and earnings forecasts. Certainly the latest developments disclosed in Enron's 10-Q filing with the SEC impact the company's balance sheet strengths and earnings forecasts, so a case could be made that Dynegy would have grounds to terminate the acquisition. Clearly, this pending deal hinges on the developments that will take place over the next few weeks. Dynegy ultimately will have to weigh the pros and cons of its acquisition offer for Enron and determine if the once-golden company still represents a great deal, or if pursuing the purchase would cause more trouble than it is worth.

An archive list of previous IssueAlert articles is available at
www.scientech.com <http://secure.scientech.com/issuealert/>

  _____

We encourage our readers to contact us with their comments. We look forward to hearing from you. Nancy Spring  <mailto:nspring@scientech.com>

Reach thousands of utility analysts and decision makers every day. Your company can schedule a sponsorship of IssueAlert by contacting Jane Pelz  <mailto:jpelz@scientech.com>at 505.244.7650. Advertising opportunities are also available on our Website.

  _____

Our staff is comprised of leading energy experts with diverse backgrounds in utility generation, transmission and distribution, retail markets, new technologies, I/T, renewable energy, regulatory affairs, community relations and international issues. Contact consulting@scientech.com <http://consulting@scientech.com> or call Nancy Spring at 505.244.7613.

  _____

SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let us know if we can help you with in-depth analyses or any other SCIENTECH information products. If you would like to refer colleagues to receive our free, daily IssueAlert articles, please register directly on our site at secure.scientech.com/issuealert <http://secure.scientech.com/issuealert/>.

If you no longer wish to receive this daily e-mail, and you are currently a registered subscriber to IssueAlert via SCIENTECH's website, please visit <http://secure.scientech.com/account/> to unsubscribe. Otherwise, please send an e-mail to IssueAlert <mailto:IssueAlert@scientech.com>, with "Delete IA Subscription" in the subject line.

  _____

SCIENTECH's IssueAlert(SM) articles are compiled based on the independent analysis of SCIENTECH consultants. The opinions expressed in SCIENTECH's IssueAlerts are not intended to predict financial performance of companies discussed, or to be the basis for investment decisions of any kind. SCIENTECH's sole purpose in publishing its IssueAlert articles is to offer an independent perspective regarding the key events occurring in the energy industry, based on its long-standing reputation as an expert on energy issues.

Copyright 2001. SCIENTECH, Inc. All rights reserved.
  <http://infostore.consultrci.com/spacerdot.gif?IssueAlert=11/21/2001>


Christine:

My apologies.  My schedule melted down after we talked on Monday.  Here's
where folks came out.  There's some concern about size.  We're supposed to be
no larger than 3, but we lobbied Aceves and he apparently Ok'd our
"oversized" group.  The other folks in the group--who talked to him
originally--are pretty sure that five will violate the rules.  Folks wondered
if there were other groups that are smaller than ours that you could hook up
with.  Sorry about that---it's a wrinkle that I didn't think about when we
spoke.  If it gets real ugly trying to find a smaller group, let me know.
Fortunately there's not another team case due for two weeks.

Best,
Jeff


The positions went over limits due to the sale of HPL and subsequent unwind
of hedges associated with the transaction.   Attempts are being made to
unwind those positions currently

Kenneth Thibodeaux@ENRON
12/28/2000 09:43 AM
To: John J Lavorato/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, Frank
Hayden/Corp/Enron@Enron
cc:
Subject: 12/26 and 12/27 Maturity Gap Risk Limit Violation

The PRELIMINARY DPR indicates a Maturity Gap Risk violation for Gas Trading
as follows:

 12/26 Maturity/Gap Risk:  202 Bcf
 12/27 Maturity/Gap Risk:  205 Bcf
 Maturity Gap Risk Limit:    200 Bcf

Please provide an explanation for the memos.  If you have any questions,
please call me at 5-4541.

Thank you,

Johnny Thibodeaux


According to the contract the pricing of the gas we are selling back to
Cannon is a WACOG of what we bought it for this summer.  Here is the
calculation of the WACOG.  Let me know if there are any questions/comments.

Dave


If you could send all further ERCOT updates to either Christi Nicolay or Jim Steffes, I would appreciate it.  THanks.

-Joe

 -----Original Message-----
From: 	"Richter, Tracy" <trichter@ercot.com>@ENRON
Sent:	Friday, December 07, 2001 10:10 AM
To:	dharris1@txu.com
Cc:	Bergman, Karen; Parsons, Mark; Mingo, Sonja; Hafner, Allyson; joseph.wagner@enron.com; Richter, Tracy
Subject:	FW: Enron Energy Services drop to POLR (TXU TDSP)
Importance:	High

We have not received the 814-04's from TXU on the 10 drops.  Please have them sent and email me when this has been done so that I can track them.

Tracy Richter
Registration Analyst
ERCOT
(512)248-3874
trichter@ercot.com

-----Original Message-----
From: Bergman, Karen
Sent: Thursday, December 06, 2001 2:43 PM
To: Richter, Tracy
Subject: RE: Enron Energy Services drop to POLR (TXU TDSP)

Tracy -

Can you check tomorrow morning that ERCOT received the 814_04 from TXU for these 10 drops?

Thanks
Karen
-----Original Message-----
From: Richter, Tracy
Sent: Wednesday, December 05, 2001 3:44 PM
To: Parsons, Mark; Hafner, Allyson; 'dharris1@txu.com'; 'joseph.wagner@enron.com'
Cc: Bergman, Karen; Mingo, Sonja; Brinegar, Craig; Kassel, John; Adams, Jack; McCarty, Mike; Richter, Tracy
Subject: Enron Energy Services drop to POLR (TXU TDSP)
Attached is a spreadsheet showing the 12 Enron Energy Services ESI-ID's.  Two of them have been cancelled.  There are 10 which we have received  the 814_10 and are In Review status.

Tracy Richter
Registration Analyst
ERCOT
(512)248-3874
tricher@ercot.com


Becky,

Have you heard anything yet from Questar?  Now we also need data for May 24 through June 1st because their site did not report all week.  Should I give Lori a call again?

Mat

 -----Original Message-----
From: 	Cantrell, Rebecca
Sent:	Wednesday, May 23, 2001 10:41 AM
To:	Smith, Matt
Subject:	Re: Questar historicals

Have not heard anything, and I've haven't had a chance to get back with her.  Since I didn't talk to her until late Monday, I didn't really expect to hear from her yesterday anyway.  I will follow up as soon as I get a chance.

We may have to request a check to pay for the information in advance, if my past experience is any indication.  What is your RC number, or would Tara be able to take care of it?

Also, did you send this message before you finished it?  Looks like the last sentence is incomplete!  I assumed that you meant she would be my contact while you are gone.

From:	Matt Smith/ENRON@enronXgate on 05/23/2001 09:51 AM
To:	Rebecca W Cantrell/HOU/ECT@ECT
cc:
Subject:	Questar historicals

Becky,

I was just wondering whether Questar ever got back to you regarding the historicals we requested from them.  As I understand, Lori Creer was going to check with her supervisors/management and get back with you.  I'll be out of the office Thursday and Friday.  In my absence, Tara Piazze

Mat


It was only a matter of time...

 -----Original Message-----
From: 	Frank, Robert
Sent:	Friday, June 29, 2001 1:47 PM
To:	Thode, Eric
Cc:	Tingleaf, Drew
Subject:	TX-MX

eric - i received a message today from a Steve Mueller (703-816-8639) from the Financial Times regarding the Tx-Mx project.  He obtained a copy of our filing w/ the DOE and has some questions about the project.


Attached are preliminary goals for 2001.  I would expect that these might
change after I have performance and other discussions with Jim P.


I can't tell what changes he made. Can you?
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 01/13/2000
09:37 AM ---------------------------

Richard Ingersoll
01/13/2000 09:23 AM
To: Richard B Sanders/HOU/ECT@ECT
cc: Kevin M Presto/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@Enron, Steven J
Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, James B Fallon/HOU/ECT@ECT,
Elizabeth Sager/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Lloyd
Will/HOU/ECT@ECT
Subject: Re: Response letter to John Pope

Comments atta.ched

Richard B Sanders
01/12/2000 10:57 AM
Sent by: Twanda Sweet
To: Kevin M Presto/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@Enron, Steven J
Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, James B Fallon/HOU/ECT@ECT,
Elizabeth Sager/HOU/ECT@ECT, Richard Ingersoll/HOU/ECT@ECT, Rogers
Herndon/HOU/ECT@ect, Lloyd Will/HOU/ECT@ECT
cc:
Subject: Response letter to John Pope

I have attached a copy of the draft response to John Pope's December 13th
letter to Dick Ingersoll.  Please call me with your comments.  We need to
send this letter by Friday.


---------------------- Forwarded by Mark Taylor/HOU/ECT on 04/20/2000 07:03
PM ---------------------------

Rousseau Anai@ENRON_DEVELOPMENT
04/18/2000 06:37 PM
To: Mark Taylor@ECT
cc:
Subject: Password Application

Mark

In your FAQ, you might like to outline the contract structure in some detail,
for eg:

* the counterparty contracts with Enron North America re: PA
* contracts with ENA re: ETA and
* contracts with Singapore re: GTC

Was there any particular reason that you chose the PA to be with ENA rather
than Enron Japan.  Note, Australia was done for the Australian market.

I would prefer to change it to Enron Japan. Will we have to receive further
external advice? If not, I will change it accordingly.

Regards
Rousseau


Their address in Cincinnati is:
Mr & Mrs. James E. Rogers
6 Noel Lane
Cincinnati, OH, 45243

Talk to you soon.
Ben


Chris,

Use this file instead.  Thanks.

Mat


Attached is ENA's form of gty for Cilcorp Inc.

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


Matthew, Jeff's soundbite is "the transformation of gas and electric
markets."  Hope this helps.  SRS

Matthew Scrimshaw@ECT
02/09/2001 03:06 AM
To: Jeff Skilling/Corp/Enron@ENRON
cc:

Subject: Re: UK CEOs

Sherri - Let me have Jeff's preferred September dates and I'll make sure we
get one of them fixed.

It would be helpful if Jeff could give me a sound bite to headline his
discussion for the group.  One obvious area of interest is how Enron has
transformed itself over the last ten years to the P/E ratio of 50+ we see
today.  Another area of interest would be Enron's perspective of free
markets, regulators and California.  Please let me know Jeff's preference.

Matthew

	Enron Capital & Trade Resources Corp.

	From:  Jeff Skilling @ ENRON                           08/02/2001 23:22

Sent by: Sherri Sera@ENRON
To: Matthew Scrimshaw/LON/ECT@ECT
cc:
Subject: Re: UK CEOs

Matthew, my apologies for the delayed response.  Jeff is definitely
interested in chairing the September 2001 meeting.  Please let me know if
you  have any dates in mind and we'll see how they work on Jeff's schedule.

Regards,
Sherri Sera
713.853.5984

Matthew Scrimshaw@ECT
01/31/2001 02:58 AM
To: Jeff Skilling/Corp/Enron@ENRON
cc: Michael R Brown/LON/ECT@ECT, John Sherriff/LON/ECT@ECT

Subject: UK CEOs

Jeff,

As you may recall from our discussion on your visit to London last summer,
one of the challenges we have in Europe is raising the external profile of
Enron.  To help address this, I recently replaced Ralph in a group of UK CEOs
which meet monthly, so I can continue to raise awareness of Enron's
businesses and generally network.   At each lunch meeting which lasts around
two hours, one of the CEOs makes an informal 20 minute speech on a current
business subject of their choice and then a discussion follows.

The group has asked if you would like to chair the meeting in September 2001
on a date of your choice.  At the end of this note there is a list of the
current membership.  I have been to one meeting and only around a third
attended.

Please let me know if you are able to commit time to this.  There is no
problem if you decline.

Matthew

Sir David Barnes CBE   Deputy Chairman, AstraZeneca
Sir John Browne    Group Chief Executive, BP Amoco
Keith Butler-Wheelhouse  Chief Executive, Smiths Industries
Gordon Campbell   Chief Executive, Badcock International
Sir Colin Chandler   Chairman, Vickers Defence Systems
Bill Dudley    President, EAMS Region, Bechtel Limited
Niall FitzGerald    Chairman, Unilever
Jonathan Fry    Chairman, Elementis
John Gardiner    Chairman, Tesco
Rick Haythornthwaite   Chief Executive, Blue Circle
Ralph Hodge    Chairman, Ralph Hodge Associates
Sir Roger Hurn    Chairman, Marconi
Peter Job    Chief Executive, Reuters Group
Sandy Leitch    Chief Executive, Zurich Financial Services
Francis Mackay    Chairman, Compass Group
James McAdam CBE   Chairman, Signet Group
John McGrath    Chairman, The Boots Company
Gordon Owen CBE   Chariman, Energis Group
Mathew Panikar    Managing Director, Reliance Europe
Sir John Parker    Chairman, Lattice Group
Hamish Richie    Chairman, Marsh Europe
James Ross    Chairman, National Grid
Sir Nigel Rudd    Chairman, Kidde
Ross Sayers    Executive Chairman, Innogy
Takumi Shibata    President and CEO, Nomura International
Dr Rolf Stomberg   Chairman, Proudfoot Consulting
John Sunderland   Group CEO, Cadbury Schweppes
Rana Talwar    Group CEO, Standard Chartered
Ed Wallis    Chairman, PowerGen
Sir Peter Walters   Chairman, SmithKline Beecham
Phil Watts    Chairman Designate, Royal Dutch Shell
John Weston CBE   Chief Executive, BAE Systems


Here are the results of our efforts since our last report:

Counsel Interviews:

 Charles Dick
  4:00 p.m.  (he is still waiting for an Orange County jury)
   He is working on clearing conflicts.
   Various offices of Baker have been contacted  for
purposes of this case by:
    NRG, Reliant, Williams, Duke
 David Noonan & Michael Kirby
  Available but not scheduled.  He is working on clearing the
Southern California Edison potential    conflict.
 Michael Weaver
   Will not have conflict results done until Mondayh.
PGE, SDGE and others.  He is still in New York is part of the problem.  He
is available to meet if conflicts clear.  He understands that he needs to
get this done ASAP.
 Dan Lamb
  Available.
Al Stokes Counsel  List
 No action taken to date.
Experts
 Charles River
   Called Gordon Rausser and gave him Richard's contact
information in Houston and suggested he try to meet after meeting with Ken
Lay.
  NERA
   Called again.  Expect to hear back at 3:00 p.m.
today.
Preemption
 Enron's FERC filing today will directly address preemption unless it
is changed immediately.
Removal
 We believe that SEMPRA is a California Corporation with its
principle place of business in San Diego.   Source:  California
Secretary of State On Line Records- Lexis.  If SEMPRA has been served, there
may  be no way to remove based upon diversity unless we can show a sham
(unlikely here.)  If SEMPRA is not  served yet and the other served
defendants agree, maybe we could get removal.  If SEMPRA is later
served, factor in remand.
Election of Judges:
 We are still determining election cycle for Judge Meyer and Judge
Amos.
 According to one counsel that we interviewed, he believes that Judge
Meyer is a "dim bulb on the  chandelier" and Judge Amos is worse.

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com


I just wanted to make sure you guys know everything I do.  Actually this is
somewhat bullish considering past legislative attempts.
---------------------- Forwarded by Stanley Horton/Corp/Enron on 05/24/2001
03:25 PM ---------------------------

Jeffrey Keeler
05/24/2001 12:52 PM
To: Stanley Horton/Corp/Enron@Enron, James Prentice/Enron@EnronXGate, Michael
Terraso/OTS/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, <Pat
Shortridge@erols.com>, Joe Hartsoe/Corp/Enron@ENRON, Marc
Phillips/OTS/Enron@ENRON, Jim Peterson/OTS/Enron@ENRON, Adam
Pollock/ENRON@enronXgate, Lisa Yoho/NA/Enron@Enron, Chris
Long/Corp/Enron@ENRON, Lisa Jacobson/ENRON@enronXgate
cc:

Subject: MTBE legislation

Today, Senators Bob Smith (R-NH) and Harry Reid (D-NV) will introduce an MTBE
bill. which is expected to be slightly different than we've seen in previous
Congresses.

We expect it to include:

1) a 4-year date certain to eliminate MTBE, with EPA determining the phaseout
schedule
2)  a lifting of the 2% oxygenate standard upon perfunctory petition by State
governors within 90 days from date of enactment
3)  and environmental "anti-backsliding" provision focused only on air-toxics
and using a 2000 baseline with a 27.5% percent standard (the way I understand
it right now, RFG must perform 27.5% better than 2000 baseline for
conventional gasoline)
4) provisions for MTBE producer "transition assistance"

Brief analysis:

We'll have more details shortly, but the bill looks a little better than
previous efforts.  A number of bills have been introduced this Congress, but
this will probably be the leading effort.

As you know, Enron has led efforts to include the "transition assistance"
piece -- which is still largely undefined in the legislation -- but we are
pleased with the inclusion of a "placeholder" while the Senate decides on the
best approach.  We will continue to lead the development of such incentives
(which will likely take the form of EPA/DOE funding for MTBE producers who
convert plants to produce iso-octane or alkylate).

An MTBE ban is of course not good, but a "date certain" gives producers more
flexibility to determine their options rather than reduce production under
several steps of a phase out.   Allowing states to get a waiver of the oxy
standard is probably a given in any legislation, but will face some
opposition from the ethanol community -- who just want a simple MTBE ban.

The anti-backsliding provision is still being refined, but looks fairly
lame.  We need more details to make an accurate assessment, but its likely
that environmental groups will want a bit more.

One political factor -- with Sen. Jim Jeffords leaving the Republican party,
Democrats will be given control of the Senate Environment Committee, which
will consider this bill.  They will likely allow Jeffords to chair the
committee.  The significance is that Sen. Bob Smith (R-NH) is the current
chair, and has been able to use that position to drive his past bills on MTBE
-- in losing the chairmanship, his legislation may face a longer road through
Committee.

I will keep you posted as the legislation evolves.

Jeffrey Keeler
Director, Environmental Strategies
Enron
Washington DC office - (202) 466-9157
Cell Phone (203) 464-1541


RB - Discard the file sent earlier.  Following is an adjustment providing a
bit more detail.


John, any chance you can sent this e-mail to me?  Apparently it has a
"confidential" stamp on it, so even though I have access to Jeff's mailbox,
it won't allow me to open it.  Unfortunately, Jeff does not check his own
e-mail, and if I go into his machine, I won't be able to print it as it is
not connected to any printer.

Thanks, John.  I'll see that Jeff gets it as soon as it's received.  SRS

John Sherriff@ECT
11/06/2000 12:43 AM
To: Jeff Skilling/Corp/Enron@ENRON, Mark Frevert/NA/Enron@Enron
cc: Mike McConnell/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Richard
Lewis/LON/ECT@ECT, Peter Crilly/LON/ECT@ECT, Michael Brown/LON/ECT

Subject: J-Block Update


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

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

Distillate     http://www.carrfut.com/research/Energy1/hoil43.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded43.pdf

Feb. WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clg-qog.pdf
Feb Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Feb Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Feb Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hug-hog.pdf
June Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUM-HOM.pdf
March Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUH-HOH.pdf
Feb/May Unlead Spread
http://www.carrfut.com/research/Energy1/HUG-HUK.pdf
Feb/July Crude oil Spread
http://www.carrfut.com/research/Energy1/CLG-CLN.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG43.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG43.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL43.pdf

Scott Mollner Recommendation
http://www.carrfut.com/research/Energy1/recom1-9-02.pdf

Daily Energy Letter
http://www.carrfut.com/research/Energy1/Energy-Letter1-9-02.pdf


Hello Jeff

A voice from the past.  Hope you are doing well.

I wanted to gain your assistance to point me to the most appropriate person
I could interview at Enron.  I am helping a client understand how companies
in the US Natural Gas and Power industry are coping with the challenges in
their industry in terms of developing and retaining the "right skills".
So, someone who could provide an external perspective of how players in the
industry are coping with the challenges as well as an internal perspective
on Enron would be great for me to interview.  If that means more than one
individual, that is fine too.

Hope this is not too much of an imposition.  I'll undertake the
conversation over the telephone and keep it short.

You can reach me on email: sgiridha@prismintl.com or on my cell phone:
240-603-6084.

Thanks a lot for your assistance.

Shyam Giridharadas


Rhino here.


---------------------- Forwarded by Chris Germany/HOU/ECT on 08/08/2000 10:58
AM ---------------------------

"Germany, Mary/COR" <mgermany@CH2M.com> on 08/08/2000 10:53:01 AM
To: "'chris.germany@enron.com'" <chris.germany@enron.com>
cc:
Subject: Cell Phone #

Here's my cell phone number since I will be on the rafting trip this
weekend.  303-667-3495.

Just give me a call.

Take care.

Mary Germany, Manager
Accounts Payable
Payroll
Accounting Support
(303) 713-2151
fax (303) 846-2151
email - mgermany@ch2m.com


Lunch has been confirmed with Linda Wehring for tomorrow, Friday 11:45 under my name at Churrasco's (Shepherd & Westheimer location).

Linda asked if someone could pick her up as she does not drive to work anymore.  Linda can be reached at 713-287-1046.

I will meet you guys at the restaurant as I hope to take the afternoon off.


Attached is PIRA's latest "Electricity Daily Demand Forecast."

If you have any questions regarding the report's content, please contact
Morris Greenberg (email: morris@pira.com) or Victoria Watkins (email:
vwatkins@pira.com), at (212) 686-6808.

Contact John Graziano regarding PIRA report distribution and address changes
at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Electricity Daily Demand Forecast" outside a
Client's licensed distribution area is strictly prohibited. Clients that are
unsure of their licensed distribution or require an extension of their
current license should contact their PIRA sales representative, or email to
sales@pira.com.

PIRA Energy Group

 - ed051701.pdf
 - ed051701.xls


Vince,

The number you will need to call-in for the Credit Reserve Model Meeting on
Tuesday, February 13 at 4:00 is 713.345.3324.

If you have any questions, please do not hestitate to call me at x33565.

Thank you.

Terri Greenlee


The following deal has been changed once more. Here are the details:

576468
West Services buys from APX
NP-15
Off Peak - 1.8 MW @ $140
     10.2 MW @ $150
TOTAL MWH = 96

(572069 stays 12 MW @ $150)

Please call me with questions.

Thanks,
Kate
503-464-7486 or 3823

	From:  Chris H Foster                           04/10/2001 07:52 AM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Deal #576468.1 & 572069.1 (4/6/2001 & 4/7/2001)

Kate:

Can you please modify that deal that you made the price $140 yesterday to
make it for the 6th only?  The 7th is all at $150.

Thanks

C
---------------------- Forwarded by Chris H Foster/HOU/ECT on 04/10/2001
09:58 AM ---------------------------

Audrey Cook
04/10/2001 07:51 AM
To: Chris H Foster/HOU/ECT@ECT
cc:
Subject: Deal #576468.1 & 572069.1 (4/6/2001 & 4/7/2001)

Chris,
Good morning!  Hey, one thing I probably did not clarify to you yesterday on
was that when the new deal ticket was set up for the $140 price strip (Deal
#576468.1), the deal should only be in for (4/6/2001) according to APX's
statement (not including 4/7/2001).  Therefore, the entire offpeak for your
deal would be booked on Deal #572069.1 for the $150 price for 4/7/2001.  Let
me know if you have any questions.  Thanks.
ajc

---------------------- Forwarded by Audrey Cook/HOU/ECT on 04/10/2001 09:44
AM ---------------------------

Audrey Cook
04/06/2001 01:27 PM
To: Chris H Foster/HOU/ECT@ECT
cc:
Subject: APX - 4/6/2001

Chris,
One more quick thing on 4/6/2001- APX is showing 2 different prices for
offpeak ($140 & $150 - different MW per strip).  EPMI is showing $150 @ 12/MW
per offpeak hours.  This difference amounts to a $144 difference (APX has
lower invoice).  Can you verify?  Everything else is fine....talk to you next
week.  Have a good weekend.
ajc


Susan,

I have all of the confirms printed out from livelink except for 4 confirms with PSCO.  The file room is still trying to locate them.  Let me know if you would like the other confirms until those deals can be located.

Thanks,

Kerri

 -----Original Message-----
From: 	Thompson, Kerri
Sent:	Wednesday, February 06, 2002 10:44 AM
To:	Bailey, Susan
Subject:	Power Confirms

 << File: mercedconfirms.xls >>  << File: eugeneconfirms.xls >>  << File: pscoconfirms.xls >>
Susan,

Attached above are the reports for each counterparty with all deals from 11/1/01 on out.  I am working on printing the confirms from Livelink.

Thanks,

Kerri


drinks on tickleknees if you do

From:	Kim Ward/ENRON@enronXgate on 05/08/2001 02:03 PM
To:	John Arnold/HOU/ECT@ECT
cc:
Subject:	RE:

you're killing me!!!  I WILL close two of the three!!! and I predict that I will make $500,000 - on two tiny little gas deals.

 -----Original Message-----
From: 	Arnold, John
Sent:	Tuesday, May 08, 2001 2:04 PM
To:	Ward, Kim S.
Subject:	RE:

maybe we need a closer in that seat

From:	Kim Ward/ENRON@enronXgate on 05/08/2001 01:56 PM
To:	John Arnold/HOU/ECT@ECT
cc:
Subject:	RE:

he's a cheapskate - I am just sitting here on the edge of my seat with three customers that won't pull the trigger!

 -----Original Message-----
From: 	Arnold, John
Sent:	Tuesday, May 08, 2001 1:53 PM
To:	Ward, Kim S.
Subject:	RE:

how about we celebrate the near completion of your deal and have tickleless pay for it.

From:	Kim Ward/ENRON@enronXgate on 05/08/2001 01:26 PM
To:	John Arnold/HOU/ECT@ECT
cc:
Subject:	RE:

push the summer down about $.03-.04 so I can get one of my deals done and we could celebrate!

 -----Original Message-----
From: 	Arnold, John
Sent:	Tuesday, May 08, 2001 1:07 PM
To:	Ward, Kim S.
Subject:

wanna get sauced after work?


Southwest Airlines e-mail update for
April 13, 2001

****************************************************************
We're Into Extra Innings!

$99 or Less Each Way Click 'n Save Special
Has Been Extended!

******* southwest.com Click 'n Save Specials********
Extra Innings Specials
$99 or Less, Each Way, Systemwide, Click 'n Save
Specials with a 7-day advance purchase this week.

The following restrictions will apply:

*Available only at southwest.com
*7-day advance purchase, this week only!
*Fares are nonrefundable
*Travel April 17, 2001 through September 10, 2001,
 except for May 25 and 28, 2001
*Purchase through April 16, 2001, midnight Pacific Time
*Travel Coast to Coast on published scheduled service only
*Not available from Orange County, CA or
 Houston Bush Intercontinental, TX

Fares do not include a federal excise tax of $2.75
that will be imposed on each flight segment of your
itinerary. A flight segment is defined as a takeoff and
a landing. The fares listed do not include airport-assessed
passenger facility charges (PFCs) of up to $18 roundtrip.

*Scroll down to the Additional Information section for
more details or visit:
http://www.southwest.com/jp/hotfares.shtml?src=cns0413

******** This is the Additional Information section********
Additional Information You Need to Know About All
of Our Sales:

*Changes to any portion of the reservation
 (flight, dates, cities, and/or names of passengers),
 once purchased, will result in the cancellation of
 the ENTIRE reservation and rebooking at the lowest
 fare available which could result in a fare increase.

*Southwest specials are nonchangeable
 and nonrefundable.
*Ticketless Travel Online may only be purchased with
 a credit card. Customers holding funds from
 a previously unused trip on Southwest Airlines or Customers
 who have Southwest Airlines vouchers will not be able to use
 those forms of payment for Ticketless Travel Online.
*Unused funds may be applied toward future travel on
 Southwest Airlines within one year of the original purchase date.

*Seats are limited and won't be available on some
 flights that operate during very busy travel times
 and holiday periods, such as Memorial weekend
 and Independence Day.

*Standby travel requires an upgrade to the
 full unrestricted fare.

*******southwest.com Budget Rent A Car Offer********
southwest.com Budget Rent A Car Incredible Weekly
or Florida Daily Rental Car Deals!

Choose from a $139 weekly compact car at select airports,
or, $25 a day economy car in Florida.

$139 weekly compact car details:
* Must enter Rate Code LS in the rate code field on
  southwest.com
* Weekly rental requires a rental of 5-7 consecutive days.
  Additional days are extra
* Available at participating airport locations

$25 daily economy car in Florida details:
* Must enter Rate Code KI in the rate code field on
  southwest.com
* Available at participating Florida airport locations

And a Few Rules You Should Know:
* Available only on southwest.com beginning Tuesday,
  April 10, 2001, through Monday, April 16, 2001
* Blackout dates: May 24-26, June 28-30, and July 1-4, 2001
* Pick up car from April 15 through July 14, 2001
* An additional concession fee may apply at some locations
* Optional LDW not to exceed $19.99 per day
* Vehicle must be returned to renting location, except
  where otherwise permitted
* Local rental and age restrictions will apply

Additional Terms and Conditions:
Optional LDW not to exceed $19.99 per day.
Check your automobile insurance policy for rental
vehicle coverage.  Offer subjet to vehicle rate and
availability.  Rate may not be available during heavy
travel periods.  Rates may nto be combined with other
promotional offers.  Taxes, surcharges, refueling, and
optional items are extra.  Airport concession fee of
approximately 10% may be avoided at some locations
by not using our shuttle bus or not renting within
24 hours of flight travel.  California VLF not to exceed
$1.98/day is extra.

The $139 weekly offer is valid at any Southwest
Airlines city, except for:

Amarillo, TX
Austin, TX
Birmingham, AL
Boise, ID
Buffalo, NY
Columbus, OH
Corpus Christi, TX
El Paso, TX
Harlingen, TX
Kansas City, MO
Las Vegas, NV
Long Island/Islip, NY
Lubbock, TX
Midland/Odessa, TX
Omaha, NE
Salt Lake City, UT
San Antonio, TX
Tucson, AZ
Tulsa, OK

For additional information, please visit us at:
http://www.southwest.com/jp/hotfares/hotfares.shtml?src=bud160

****************** Subscriber Information *******************
Join the Team Roster:
Please pass this great news on to your friends!
To subscribe to Southwest Airlines
Click 'n Save E-mail Updates,
visit http://www.southwest.com/email/

Remember, if you change your Internet service provider,
you will need to unsubscribe and re-subscribe in order
to continue receiving Click 'n Save email updates.
Please visit our subscription page at:
http://www.southwest.com/email/
****************************************************************
This is a post only mailing from Southwest Airlines.
Please do not attempt to respond to this message.

Copyright 2001 Southwest Airlines Co. All Rights Reserved.

---
You are currently subscribed to special-offers as: mark.guzman@enron.com
You can unsubscribe anytime at http://www.southwest.com/email/


----- Forwarded by Elizabeth Sager/HOU/ECT on 06/11/2001 10:06 AM -----

	"Andy Katz" <AKatz@eei.org> 06/08/2001 03:17 PM 	   To: <elizabeth.sager@enron.com>  cc:   Subject: Fwd: EEI Collateral Annex Comments

Another set of comments.

Andrew S. Katz, Director Industry Legal Affairs
Edison Electric Institute
701 Pennsylvania Avenue, N.W.
Washington, D.C.  20004
Voice:  202-508-5616
Fax:     202-508-5673
e-mail:  akatz@eei.org
 - TEXT.htm
Received: from mail2.aep.com	by mail.eei.org; Thu, 07 Jun 2001 09:51:29 -0400
Received: from dsml3or.aepsc.com ([10.97.175.26])	by mail2.aep.com (Switch-2.1.3/Switch-2.1.0) with ESMTP id f57Dwg014738;	Thu, 7 Jun 2001 09:58:42 -0400
Subject: EEI Collateral Annex Comments
To: elizabeth.sager@enron.com
Cc: AKatz@eei.org
From: pmclaughlin@aep.com
Date: Thu, 7 Jun 2001 09:58:34 -0400
Message-ID: <OF7DF6EBBA.F786EE7F-ON85256A64.00447CAC@aepsc.com>
X-MIMETrack: Serialize by Router on DSML3OR/SERVERS/AEPIN(Release 5.0.5 |September 22, 2000) at 06/07/2001 09:58:42 AM
MIME-Version: 1.0
Content-type: multipart/mixed ; Boundary="0__=85256A6400447CAC8f9e8a93df938690918c85256A6400447CAC"
Content-Disposition: inline

Please see AEP's comments to the EEI Collateral Annex attached.  I have
revised AEP's comments to correspond to Enron's comments.

Also, I will be attending the EEI meeting, so could you please include my
name on the distribution list.

Thank you.
Patty

(See attached file: AEP's comments to EEI Collateral Annex.doc)
 - AEP's comments to EEI Collateral Annex.doc
 - Andy Katz.vcf


In addition to World Markets Energy information  <http://esource.enron.com/worldmarket.asp>
 and Country Analysis and Forecasting, <http://esource.enron.com/worldmarket_CountryAnalysis.asp>

eSource now offers free access to World Markets - Regulatory Analysis

World Markets Regulatory Analysis offers:

		Daily Reports - Legal, regulatory and policy developments in 185 countries. Comprehensive monitoring of legislative, regulatory and policy
 			changes for each country
		Email Alerts -  Automatic daily email alerts of current and impending legal, regulatory and policy changes affecting the development of markets
		Daily Analysis - Same-day in-depth assessment of the impact of legal developments by in-house analysts. Features detailed analysis of key legal
			changes written exclusively for Regulatory Analysis by a unique network of legal experts in more than 180 countries
		Country Reports - Assessments of the legal systems in 185 countries, including rules on establishing a business and restrictions on foreign investors

		Access World Markets Regulatory Analysis:  http://esource.enron.com/worldmarket_regulatory.asp

										***

		For additional new products and reports, visit eSource's Hot Topics page at http://esource.enron.com/hot_topics.asp


Carolyn George - 3-3439