---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/02/2001
03:09 PM ---------------------------

"RiskNews Update" <listadmin@riskwaters.com> on 03/02/2001 12:30:06 PM
To: List Member <vkamins@enron.com>
cc:
Subject: - latest RiskNews Update - 02/03/2001

RiskNews Update - http://www.RiskNews.net

RiskNews Update - http://www.risknews.net/

===================================================================
RiskNews Update - week ending 02/03/2001
http://www.RiskNews.net
News for derivatives and risk management professionals
===================================================================

Dear Subscriber,

Welcome to RiskNews Update!

An innovative Argentine bond issue that gained an above-sovereign rating,
Enron,s moves to create a European bandwidth boom, further clever
catastrophe protection from Swiss Re and awareness of a potential increase
in institutional trading costs through the decimalisation of US equity
markets represented some of the key headlines this week.

The political risk insurance deal was put together by Sovereign Risk
Insurance, a Bermuda-based joint venture between ACE and XL Insurance,
which raised Argentina,s Salta Hydrocarbon Royalty Trust,s note issue to
investment grade debt. Notably, the ranking was higher than Argentina,s
sovereign rating. Given the Basel Committee,s endorsement, similar deals
are likely to emerge elsewhere.

Enron, meanwhile, believes a liquid European bandwidth market will emerge
within a year. The US firm is significantly ramping up its European energy
operations.

Swiss Re, which first put together earthquake protection deals in
California in 1997, has developed yet another innovative reinsurance and
investment capital deal to give $100 million protection to policyholders
of the California Earthquake Authority.

Meanwhile, the move to decimalisation and minimum price increments of one
penny in the US equity markets could result in an overall decline in
market liquidity and higher costs for institutional client trades
according to research by US investment bank Goldman Sachs (see top story).

Christopher Jeffery
Editor, RiskNews

Tel: 44 (0)20 7484 9880
mailto:cjeffery@riskwaters.com

LOOK >>> Exclusive offer for subscribers of www.RiskNews.net ONLY! The
Risk 2001 Europe Event

Risk Magazine,s 6th Annual European Derivatives And Risk Management
Congress held in Paris on 10 & 11 April 2001. Book NOW for Risk 2001
Europe and get 10% off the TOTAL cost of the event. Click here to go
directly to the booking form:
https://secure.riskpublications.com/secure/conferences/risk2001europe/risk2001
europe_risknews.htm

-----------------------------------------------------------------
Don't miss this exclusive offer for you, or your colleagues, to receive a
FREE copy of the March issue of Energy and Power Risk Management (worth US
$33/o22/E39). Energy and Power Risk Management is a market leader,
providing all the essential information you need on the new developments,
issues and risks facing the global energy and power markets. Click here
for the latest issue and the FREE offer:
http://www.EPRMonline.com/freeissue_frame/index.htm?caller=RWG_update
------------------------------------------------------------------

RiskNews Update - 02/03/01

Headlines/ Technology and Exchanges/ People/ Events

===================================================================
Headlines - 02/03/2001
===================================================================

2 March ) The move to decimalisation and minimum price increments of one
penny in the US equity markets could result in an overall decline in
market liquidity, and higher costs for institutional client trades.

2 March - London-based online risk consulting boutique Reech Capital has
acquired French derivatives consultancy and application services provider
services firm Netquant

2 March - Swiss Re New Markets and Goldman Sachs have used a combination
of reinsurance and investment capital to arrange $100 million in funds
that would be made available to California Earthquake Authority
policyholders in the event of one or more earthquakes during the next 23
months

1 March - Enron Broadband Services, a wholly owned subsidiary of
Houston-based electricity, gas and communications company, Enron
Corporation, has launched online bandwidth trading in Europe

28 February - BNP Paribas Commodity Futures, a subsidiary of BNP Paribas,
has launched a 24-hour energy futures and options brokerage service

28 February - Morgan Stanley Capital International has launched its new
real-time index service, which includes indexes for derivative products
that are updated every 15 seconds and are designed specifically for trading

27 February - Rumblings that China is planning to widen the trading band
of the renminbi or break its peg with the US dollar have gone on for
years, but People's Bank of China officials recently appear to have been
testing the market's reaction

26 February - Sovereign Risk Insurance, a Bermuda-based joint venture
between ACE and XL Insurance, has sold a political risk insurance policy
that will raise an emerging markets bond issue from sub-investment grade
to investment grade

26 February - The International Swaps and Derivatives Association is
launching a new credit derivatives committee to deal with issues related
to trading practices

To read more now, click http://www.risknews.net

*******************************************************************
The launch issue of TELECOMS CAPACITY is OUT NOW! Click here for your FREE
copy (worth $27). Additionally, take advantage of our LIMITED SUBSCRIPTION
OFFER and save 25% off if you subscribe before 30 April 2001. You will
find both these offers and features from the launch issue available on
http://www.TelecomsCapacity.com

===================================================================
Technology and Exchanges - 02/03/2001
===================================================================

2 March - The European Energy Exchange (EEX) yesterday launched Germany's
first electricity futures market, ahead of rival Leipzig Power Exchange
(LPX), which plans to introduce a competitor service within the next few
months

2 March - The Chicago Board Options Exchange, the world's largest options
exchange, will launch its new screen-based trading system, CBOEdirect, at
the beginning of June

1 March - Goldman Sachs has added online exotic FX options in five
currency pairs to its WebET internet trading system

1 March - Dublin-based alternative trading and asset management firm
Greenhouse Capital Management is to replace its back-office risk
management systems with futures and options software developed by France's
Ubitrade, formerly known as ATSM

1 March - Eurex's electronic trading platform has started auctioning repos
in the form of Swiss-registered money-market claims and Swiss federal bonds

28 February - Global over-the-counter derivatives electronic brokerage
Icor, which has been beaten to market by chief rival Volbroker, has
received a significant cash injection from the alternative investment fund
unit of US insurance broker Arthur J Gallagher

27 February - Bank of Tokyo-Mitsubishi is building its online foreign
exchange dealing capacity using Cognotec's AutoDeal Lite service

26 February - Merrill Lynch Investment Managers (MLIM) plans to strengthen
its control of the credit and counterparty risk in its portfolios of
assets under management by licensing an integrated risk management
software package called Risk Vision from MKIRisk

26 February - The European securities arm of Bank of Tokyo-Mitsubishi,
Tokyo-Mitsubishi International, is to use risk management software
supplied by Canada's Algorithmics to manage its collateral risk for its
derivatives trading activities

To read more now, click http://www.risknews.net

*******************************************************************
Have you seen the results of the joint Energy & Power Risk Management/Risk
magazines' over-the-counter commodity derivative rankings? What have been
the big changes in the past 12 months? Click here for online coverage:
http://www.EPRMonline.com

===================================================================
People - 02/03/2001
===================================================================

2 March - BNP Paribas has appointed Sylvie Durham as head of corporate
equity derivative products for North America. In the newly created
position, Durham will be responsible for originating and marketing
structured equity products for BNP Paribas' corporate client base

2 March - US investment bank Merrill Lynch has hired 10 new derivatives
and capital market executives in its EMEA region, to boost its presence in
a series of potential growth areas

1 March - New York-based trading and risk management software provider
Summit Systems has appointed Joseph Bruno as its new director of sales, in
an effort to concentrate on the sales side of the business

1 March - Tony McCormick, vice-president of derivatives markets at Charles
Schwab, has been appointed to the board of directors at the Chicago Board
Options Exchange

28 February - Dresdner Kleinwort Wasserstein, the investment banking arm
of Germany's Dresdner Bank, has appointed David Schwartz, Richard Fedrick,
Sylvie Botter and Roland Toussaint to its global debt derivatives
marketing team, in a bid to expand its derivatives business

28 February - Rob van Paridon, US head of wholesale client business at ABN
Amro, has been selected to succeed Erik Post as head of the Dutch bank's
global futures business

To read more now, click http://www.risknews.net

*******************************************************************
SPECIAL OFFER from Risk Books: Buy any two Credit titles and get a third
of your choice absolutely FREE! Click here for the Credit book titles:
http://www.riskbooks.com/cluster_credit.shtml

==================================================================
Events - 02/03/2001
===================================================================

Risk 2001 Europe ) Risk magazine,s 6th annual European derivatives and
risk congress,
10 & 11 April, Paris

At this year,s Risk Europe Congress, an entire stream is dedicated risk
management for investment managers. Key speakers on this stream include:

Malcolm Kemp, Zurich Scudder Investments Limited,
David Mordecai, University of Chicago
Michael de Marco and Erwin Martens, Putnam Investments
Stephen Rees, Baring Asset Management
Dr B. Scherer, Deutsche Asset Management
Kenrick Ramlochan, Bank of America
Kelsey Biggers, Measurisk
Pim Poppe, Robeco Group
Donna Marie Howe, ABN Amro
Peter Davies and Dr P. K. Satish, Askari
Michelle McCarthy, Deutsche Bank Group
Edward Fishwick, AXA Investment Management

(http://www.risk-conferences.com/risk2001euro)

At no other event will you hear from these leading market participants,
who will deliver cutting-edge presentations, focusing on the key risk
management issues facing the investment industry in Europe.

Congress keynote presentations from:
Bob Litzenberger, Goldman Sachs
Andrew W. Lo, Massachusetts Institute of Technology

Other conferences coming soon:

Monte Carlo techniques, London 8 & 9 March 2001; New York 12 & 13 March
2001
Accounting for energy derivatives, Houston 26 & 27 March 2001
Practical accounting for derivatives, London 2 & 3 April 2001; New York 19
& 20 April 2001
ALM 2001 ) Risk Magazine,s 7th annual Conference ) New York 21 & 22 June
2001
Risk 2001 USA ) Risk magazine,s 7th annual US derivatives and risk
management congress, Boston 12 & 13 June 2001.

For further information contact: http://www.risk-conferences.com
http://www.risktraining.com

===================================================================
All of Risk Waters Group online services can be accessed through
http://www.riskwaters.com

______________________________________________________________________
To unsubscribe, write to financewise-unsubscribe@listbot.com


No chance.  He gets nothing other than the pricing model through structuring.

 -----Original Message-----
From: 	Will, Lloyd
Sent:	Wednesday, June 13, 2001 6:15 PM
To:	Presto, Kevin M.
Cc:	Imai, Rika
Subject:	FW: Fundamentals Support

Steve and several of his team members are requesting full access to the fundamental portal and associated trader level rights.

Please advise.

thanks

 -----Original Message-----
From: 	StephenPlauche@netscape.net (Stephen Plauche)@ENRON [mailto:IMCEANOTES-StephenPlauche+40netscape+2Enet+20+28Stephen+20Plauche+29+40ENRON@ENRON.com]
Sent:	Wednesday, June 13, 2001 3:13 PM
To:	Will, Lloyd
Cc:	rika.imia@enron.com
Subject:	Fundamentals Support

Lloyd,

The Enron Hedge Fund team in the NY office is interested in marketing power (energy only right now) to the hedge funds that we are already marketing nat. gas, crude oil, products, etc... to.  Our team has a very solid working relationship with the fundamentals groups in gas and crude&products.  As I will be directly responsible for marketing power to the funds, I would like to develop that same level of relationship with the power fundamentals group.  As a middle marketer, I will always be talking to Enron's power traders first before giving a quote out to any of the funds on a transaction.  I look forward to hearing back from you and Rika in regards to this initiative.

Regards,

Stephen Plauche
212-702-3918

PS: Although I am up in NY about half the time, I am still a Houston based employee.  Cheers.
__________________________________________________________________
Get your own FREE, personal Netscape Webmail account today at http://webmail.netscape.com/


Jason:  She did call and wanted John, you and me.  I am available untill
roughly 11 am when the lawyers depart for the Woodlands.  She indicated that
this provision was necessary if we EVER decided to net physical/financial.
(Jason:  we won't agree to that now and if we ever did, I am sure we would
either amend all of our masters or put a separate netting agreement in
place).  She did indicate that Harvard MIGHT drop the request.  I don't
particularly want the provision in the agreement.   My calendar is open if
you want to schedule.  SS

	"JASON PETERS" <PETEJ@andrews-kurth.com>
	10/04/2000 05:27 PM

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

Sara,

Kim Noble called.  She was hoping that we could talk in the morning.  She
indicated that anything before 10:00 AM worked for her.  I told her I would
pass it on.

Jason


waking up with a toilet by my head was a wonderful feeling!

and, boy did i feel great the next day.  Get this....I get on my little rinky
dink plane to Philadelphia, and as i walk passed the flight attendant, i hear
this voice................."mat?".   I turn and the flight attendant is none
other than.........Heather Chapin!  Although she offered me all the booz i
could drink, i could drink none.  i would have eaten some food if offered,
but judging by the double-chin she has developed, i'm guessing she ate it all.

Anyway, from what i remember, i had a great time, although a little
dissappointed at the Syracuse'esk finish of the rest of the Brother Jimmy's
team.  I'll be thinking about you guys this weekend when i'm outside drinking
my green beer.

About the trips...i don't know anything yet, except that Jazzfest is looking
bad since no one can seem to find a hotel with availability.

Later,
Mateo

"kristen iles" <ksiles@hotmail.com> on 03/15/2001 12:47:01 PM
To: matt.smith@enron.com, mark.krenzer@sci-us.com
cc:

Subject:

Hey ya'll.....

Recovered from "Weekend Lobby" yet Matt?  Ouch!  Looking forward to hearing
your reflections on a weekend well spent. Mark, how goes the two ladies you
are presently juggling?  Thanks for blowing us off yet again!!  Anyway,
wanted to plant a few seeds as far as social outings go....

1) The ski weekend in Burlington, Vermont:
   April (6-8th).  Plan on that

2) MARK: What are the chances with the corp condo in Colorado????
   Weekend of the 12-15 in April or the one following??

3) MATT: Jazz Fest?
   May (3-6)???

OK, well, that's about it boys!  Love, Kristen
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


Please find attached the PIP forms for Non-exempt employees rated a "3" and Exempt employees rated a "5".

Geynille Dillingham
HR Specialist
Enron Industrial Markets
713-853-1546 (wk)
713-646-8100 (fx)
713-417-2236 (cell)


Just a reminder:

If you are interested in learning more about the Renewable Energy Desk stop by Mt. Hood at 11:00am tomorrow!

Paradise Bakery chippers will be provided to the attendees. =o)

 -----Original Message-----
From: 	Fitzpatrick, Amy
Sent:	Wednesday, June 13, 2001 8:32 AM
To:	Portland West Desk
Subject:	Brown Bag Lunch - Elliot Mainzer and Renewable Energy

Please join Elliot for a brown bag lunch on Friday, June 22 at 11:30 am in Mt Hood to learn more about renewable energy and Enron's efforts in this area.


Here is the draft for Co-Steel.  Please forward to your contact and have then contact me re negotiations.

Thanks!

 -----Original Message-----
From: 	Sonnonstine, Max
Sent:	Friday, November 02, 2001 8:58 AM
To:	Perlingiere, Debra; Dickson, Stacy E.
Subject:	Co-Steel Master

Good Morning,
	The enclosed worksheet for Co-Steel was sent up to legal on Oct 24th.  I was wondering when we're can get this draft out because the counter-party is asking for it.  Please advise when we can get this out so I can let Co-Steel know when to expect it.

thanks,

Max

 << File: Co-Steel.xls >>


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

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

ISO-NE has a filing pending at FERC to eliminate their ability to recall
energy from Resources selling ICAP into NY.  If FERC approves the filing,
the ISO will accept up to 350 MW of ICAP from the ISO-NE control area,
subject to the maximum 2558 MW of Installed Capacity located outside the
NYCA in accordance with Attachment B of the Installed Capacity Manual.
Installed Capacity in this context will be in the form of the ICAP
equivalent of the qualified Unforced Capacity (UCAP) sold, consistent with
the ICAP equivalent calculations in Attachment J of the ICAP Manual.

ISO-NE has requested an effective date for its filing of October 22 so FERC
is not expected to approve the ISO-NE tariff changes before then. The next
ICAP Supplier and LSE certifications are due to the NYISO on October 23.
The deficiency auction is scheduled on October 25. In accordance with the
last paragraph of Section 4.9.3 of the ICAP Manual, the ISO plans to open
the period for requesting such rights at 8:00 a.m. on October 18 and close
the request period at 5:00 p.m on October 22. This request period is
conditioned on a timely approval of the elimination of
recall rights by ISO-NE.

Resources located in New England (as well as PJM or HQ) that want to
qualify as ICAP Suppliers in New York must comply with the equirements set
forth in Sections 4.2, 4.3, 4.4 and 4.9 of the ICAP Manual. The NYISO
encourages Resources to submit DMNC test results, Operating Data and other
required information as soon as possible to allow their participation in
the ICAP market if and when the Commission approves the elimination of the
recall procedures in New England.


Mark;

Here is a commercial description of the various projects in Bolivia.  I
understand Mike has had discussions with ESA legal about Andrea's role in the
Bolivian projects.  Commercially all of the Bolivia projects are under Brett
Wiggs' group and John Novak is supporting Brett.  There is an interest in
keeping Andrea involved in the projects she is currently working on, however,
Mike only wants Andrea working on true Bolivian trading issues only, gas and
electricity purchase and sale agreements, he does not want her being used to
create legal entities or pursuing other project related work.  I think that
is probably the right approach.  I would probably go further and suggest to
John that Andrea works at the request of John on Bolivian trading issues, as
apposed to taking direction from the commercial team, since John can filter
the requests and keep Andrea from being overwhelmed by demands from the
Bolivian commercial team.  What are your thoughts?  Let's talk early next
week if you are available.

Brent
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
04/02/2000 03:50 PM ---------------------------
Gabriela Aguilar   04/02/2000 06:03 PM

To: Michael Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John J
Shoobridge/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rodolfo
Freyre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Julian
Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bernardo
Andrews/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Diego
Hollweck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marta
Ortiz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Guillermo
Canovas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cristian
Folgar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Luis
Juarros/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff
Kabel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pablo
Acevedo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Guillermo
Mulville/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Guillermo
Atenor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Erica
Mestre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Federico
Cerisoli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Bolivia - Enron%s world

For the last months, BA office has been listening a lot about Bolivia. This
presentation only intends to give you a brief outline of what we%re doing in
Bolivia. If you have any questions, don%t hesitate to ask me, fede or the
legal team.

gaby


In response to yesterday's staff meeting, please plan to attend a meeting
next Wednesday August 9th, from 2:00 - 6:00 pm in Conference Room 21c2.  As
Brenda lined out yesterday, the goal of the meeting is to reassess the
organizational structure.  Be prepared to offer positive helpful suggestions,
comments and ideas.

If you have any questions, please call.

Thank You!
Yvette
x3.5953


Marie, attached are the files which were sent you previously.  Please let me know if you continue to have problems viewing these documents.
Thanks, Angie
-----Original Message-----
From: Marie.Heard@enron.com [mailto:Marie.Heard@enron.com ]
Sent: Thursday, August 23, 2001 4:17 PM
To: AIshikawa@socalgas.com
Subject: RE: ISDA Master Agreement
We can look at your documents, however, we are unable to open the one you
have sent previously.  Will you resend them?
Thanks!
Marie
    -----Original Message-----
   From:   "Ishikawa, Angie - TPAGI" <AIshikawa@socalgas.com>@ENRON
             [mailto:IMCEANOTES-+22Ishikawa+2C+20Angie+20-+20TPAGI+22+20+3CAIshikawa+40socalgas+2Ecom+3E+40ENRON@ENRON.com ]
   Sent:   Thursday, August 23, 2001 5:55 PM
   To:     Heard, Marie
   Subject:  RE: ISDA Master Agreement
   Hi Marie,
   Our attorney has been on vacation most of this month, and unfortunately,
   we have not had the chance to review of your proposed ISDA documents.
   Would it be possible for you to review our docs?  It will certainly help
   us out since we currently have a back log of unsigned ISDA contracts.
   Please advise.
   Thanks, Angie
   -----Original Message-----
   From: Heard, Marie [mailto:Marie.Heard@ENRON.com  << File:
   mailto:Marie.Heard@ENRON.com  >> ]
   Sent: Tuesday, August 14, 2001 2:45 PM
   To: aishikawa@socalgas.com
   Cc: Williams, Jason R (Credit)
   Subject: ISDA Master Agreement
   Hi, Angie!
   I am just writing to check on the status of your review of the draft
   ISDA Master Agreement I forwarded to you.  Will you please let me know
   when you anticipate sending your comments?
   Thanks!
   Marie
   Marie Heard
   Senior Legal Specialist
   Enron North America Corp.
   Phone:  (713) 853-3907
   Fax:  (713) 646-3490
   marie.heard@enron.com
   **********************************************************************
   This e-mail is the property of Enron Corp. and/or its relevant affiliate
   and may contain confidential and privileged material for the sole use of
   the intended recipient (s). Any review, use, distribution or disclosure
   by others is strictly prohibited. If you are not the intended recipient
   (or authorized to receive for the recipient), please contact the sender
   or reply to Enron Corp. at enron.messaging.administration@enron.com and
   delete all copies of the message. This e-mail (and any attachments
   hereto) are not intended to be an offer (or an acceptance) and do not
   create or evidence a binding and enforceable contract between Enron
   Corp. (or any of its affiliates) and the intended recipient or any other
   party, and may not be relied on by anyone as the basis of a contract by
   estoppel or otherwise. Thank you.
   **********************************************************************

 - SoCal ISDA Schedule.doc
 - SoCal CSA P-13.doc
 - SoCalGas Parental Gty062801(v2).DOC


<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 26, 2001

New Power Plant Planned
for New York City

By Will McNamara
Director, Electric Industry Analysis

[News item from Energy Info Source] New York state's siting board approved Astoria Energy's plans to build a 1,000-megawatt power plant in New York City, clearing the way for construction to begin as early as January. Astoria Energy hopes to have the natural-gas-fired, combined-cycle plant that will be at an existing oil terminal in the Astoria section of Queens in service by 2004. The company must do a certain amount of demolition and site preparation before it can begin construction, and still must receive some local permits from New York City. Astoria Energy is a unit of SCS Energy LLC, a privately owned energy development company based in Concord, Mass.

Analysis: The announcement of a new power plant scheduled for the New York City area should be evaluated within the context of severe power supply problems that have been identified within this region. Like California, New York also suffers from a supply / demand imbalance. However, even if or when power supply can be increased in New York, the core load center of New York City still suffers from inherent transmission deficiencies that continue to take their own toll on the stability of the market. In other words, transmission capacity in the region has been determined to be deficient to the extent that power outside of the city cannot be reliably imported. The fact that Astoria Energy has received approval from New York state's siting board to proceed with this New York City-based plant is significant, but it should not be forgotten that the company also must receive local permits from city government. This could be easier said than done, as other planned power plants in the area have been blocked or significantly altered over the last year by community groups in New York City and surrounding boroughs who ardently voice concerns about environmental and other ramifications of new plant construction.

The problems within the New York power market have been well documented. The state of New York reportedly has not brought a new plant online since 1996, when a 200-MW plant opened in Brooklyn. It has been almost seven years since a 1,000-MW unit in Oswego, N.Y., marked the last plant to open upstate. Further, New York expects only a 3.5-percent increase in new capacity in the next three to four years. Consequently, concerns about the state's ability to meet increasing demand for power have gained momentum. Pressure has been placed on New York regulators to expedite the approval steps for siting new plants in the state. However, at the same time, environmental and community groups closely guard the proposals for new plants and often lobby for limitations on how and where the new plant will produce power.

While the entire state of New York is subject to shortages, the problem appears to be particularly acute in New York City. A November 2000 report issued by the Federal Energy Regulatory Commission (FERC) entitled "Investigation of Bulk Power Markets, Northeast Region," highlighted specific capacity problems in the New York City/Long Island community of 11 million people. These areas are particularly vulnerable because they are isolated from most of the state's grid, the study said. Like Northern California, which suffered rolling blackouts due to transmission constraints, New York City and Long Island can only import limited quantities of power on constrained transmission lines. Hydro and fossil resources are plentiful in upstate New York, but cannot reach the city. Being both densely populated and heavily residential, it is difficult to site new power plants in the area. Consequently, 80 percent of the power that the city consumes is generated by the city. New plants such as the one by Astoria Energy are being proposed because New York City reportedly will be short of its generating capacity needs at times during the course of 2002. The projected shortfall is expected to increase by another 200 MW by summer 2002.

Increased demand is causing additional problems for the energy markets of New York City and New York State. Demand in the state rose by 2,700 MW from 1995 to 2000, or 2.5 times as fast as new generation capacity was added. Demand over the course of 2001 was expected to reach 31,100 MW, or about 3.7 percent above regulators' earlier forecasts.

It is within this market context that Astoria Energy will proceed with its plans for the new power plant in New York City. Astoria Energy is a private company seeking to generate electric power with energy-efficient and environmentally sound technologies in the New York City area. The company is a subsidiary of SCS Energy, a privately owned energy development company formed in 1998 for the purpose of developing and owning new electric generating facilities. Information obtained from Astoria Energy sheds some additional light on the proposed plant. As noted, the 1,000-MW unit will be a natural gas-fired facility, which will obtain natural gas supplied from the ConEd/New York facility pipeline. The capital cost for the plant reportedly will be $600 million. Commercial operation, pending the necessary approvals on the local level, is scheduled for the fourth quarter of 2003. Astoria Energy is seemingly confident of its chances to gain approval for the new plant because it will be using a technology that is specifically geared toward the reduction of air emissions.

However, despite this optimism, the community opposition factor should not be discounted, and there are several examples that may foreshadow the opposition that Astoria Energy could face. Take Sithe Energies, for example, which hit a roadblock with its construction plans in the New York area earlier this year. Sithe Energies originally planned a 827-MW combined-cycle facility fueled by natural gas in Ramapo, N.Y. Chief among the concerns of local residents is that the Ramapo plant was originally planned to run all the time to meet demand, and as a result would use local water resources for cooling purposes. Community resistance thus became an issue for the company, which altered its plans and began to consider a 510-MW peaking unit (also powered by natural gas) that would only be operated in times of increased demand.

As another example, environmental and community groups won a victory in court just last week that essentially will block construction of small power plants in the South Bronx, Brooklyn, Queens, and Long Island areas. Each is a 44-MW plant, though at some sites there are twin generators operating at less than 80 MW. A coalition of the groups had opposed the construction of various plants in these areas and sued the New York Power Authority, claiming (among other things) that the state had failed to perform adequate environmental-review studies. The groups claim that the state should test the plants for their output of fine particulate matter. A lower court had ruled in favor of the state, but a judgment last week in the New York Court of Appeals was clearly a win for the environmental and community groups. The new ruling, which reportedly cannot be appealed further, says that the state must do unprecedented air tests at the 10 plants or shut them down by Jan. 31.

In a report issued earlier this year, New York State Electric & Gas Corp. (NYSEG), one of New York's seven utilities, said the state will not have enough megawatts to support a truly competitive wholesale electric market until 2008. NYSEG, in a report issued late Wednesday, warned there are "serious problems with (New York's) generation supply and a lack of transmission and pipeline infrastructure." According to data included in a separate report by the New York ISO, which manages the state's transmission grid, between 1995 and 2000, while statewide demand in New York rose by 2,700 MW, generating capacity under contract in the state reportedly increased only by 1,060 MW.

Consequently, given all of these factors, power supplies in New York remained strained and the area certainly could benefit from the construction of new generation capacity. However, Astoria Energy, which seeks to bring new generation online in New York that will be based on clean technologies, may still face an uphill battle from various groups that seemingly oppose the construction of any new plants in the region (with the exception of peaker units, whose output would be closely regimented). If plans for this plant are blocked or significantly altered, following the experience of Sithe Energies, the options to resolve New York City's supply / demand imbalance will once again become focused on a combination of other approaches, including conservation efforts and reliance on distributed generation alternatives.

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=11/26/2001>


Catherine Beagan-Gorelick
110-07 73rd Road Apt 5k
Forest Hills, NY 11375
cbeagan-gorelick@marthastewart.com

To Mr. Ken Lay,

I'm writing you to HELP the employees of Enron:

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

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

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

I hope you'll have the decency in your heart to do the 'right' thing.

Sincerely,

Catherine Beagan-Gorelick


Attached are the comments of the Indicated Producers on the draft decision of
Commissioner Bilas
and the alternate order of Administrative Law Judge Brown, in A.01-06-020,
PG&E's Application for
Approval of Open Season Procedures.  Let me know if you have difficulty
opening the attachment.

 - comments on open season decisions.pdf


If you are not okay with me wiping out your pages 6 & 7 on your turets,
replacing those pages with all of our group on Page 6, and rollover lines on
Page 7, then please let me know.  I plan on having the phone guys make these
changes later this week.

Thanks,
Laura


thanks.
CRB
___________________________
Charles R. Bamford, Partner
Rockwood Associates
P.O. Box 637
Spring Lake, NJ 07762
Tel: 732-681-2811
Fax:  732-782-0203
NYC tieline: 212-744-0905
email: rocksearch@aol.com


We are pleased to announce the creation of a new group - Asset Marketing -
within Enron Americas. The Asset Marketing group will have responsibility for
the asset divestment function within Enron Americas and work with Generation
Investments on selected portfolio acquisitions as well as managing power
origination funding requirements with Treasury.

Don Miller will head the Asset Marketing group and will report directly to
the Office of the Chair, Enron Americas. Joining Don's group will be Stuart
Zisman.  Stuart was formerly in ENA Legal, having most recently worked on the
sale of ENA's peaker plants with Don.

Please join us in congratulating Don and Stuart in their new roles.


Gentlemen, please find below a description of the current status of the
Advanced Mobile Power Systems, LLC project.

AMPS

ENA obtained its 85% ownership interest in Advanced Mobile Power Systems LLC
on January 26, by investing US$17 million in cash and assets.  The remaining
15% is held by a company, Dispersed Power LLC, which is owned by the former
principals of Power Systems Manufacturing LLC.  One of the major assets that
ENA transferred into AMPS is a complete used mobile power generating system,
like the one we propose to manufacture, which was acquired from PG&E and
fixed up by PSM.  That unit was started up and run several times in January
at Enron's site in New Albany for the purposes of testing the output,
acoustics and emissions.  We have now commenced the process of marketing this
test unit for resale and the plan is to have disposed of it by the end of
April at the latest.

AMPS has now been staffed with approximately 10 full-time employees, mostly
on the engineering side, and Enron, through a services agreement, has agreed
to provide certain services to AMPS for the first six months of its
operation, with the primary services being legal and accounting.  I am
coordinating the provision of, and for the most part providing, the legal
services and will retain an outside law firm in Florida that can take over
the legal work upon the expiry of the six month period.  Cle Dade at
Bracewell & Patterson is assisting me in coming up with a short list of
Florida law firms and then I will begin interviewing them.  As part of this
services agreement, Enron is billing AMPS for my legal services at a rate of
US$100 per hour.

Contracts have been executed with all equipment vendors to manufacture all of
the various parts to assemble one beta unit, for the purposes of
demonstrating that one of these units can be manufactured and meet the
performance targets of approximately 20 MW output with 5 ppm NOx on gas
fuel.  The beta unit will be completed around the end of July 2001 and will
be capable of running on duel fuel and will be equipped with an exhaust
silencer and selective catalytic reduction unit (SCR) kit to reduce noise and
NOx/CO emissions.  In addition, Pratt has agreed to supply a Dry Low NOx unit
for the generator to assist in the emissions reduction.  Manufacturing the
beta unit with all these bells and whistles will allow us to test the maximum
performance and then, based upon a customer's needs, we can manufacture units
to meet those needs and adjust the price accordingly.  Our cost to
manufacture the beta unit is approximately US$7.5 million and our intention
is to sell it for approximately $9.5 million to $10.5 million, which,
according to our preliminary market research, will make us competitive.  The
price per unit will go down as we move into greater production numbers and we
have confirmed through our review of the various vendors that all of them
will be able to meet our ramped up production needs.  We estimate that it
will take approximately 6 months from the date of purchase order to
manufacture and assemble one unit and AMPS is currently looking for warehouse
space that will allow it to assemble multiple units concurrently.  AMPS is
gearing up to build 12 units in 2002 and 24 in 2003.

Each unit consists of two trailers, being an auxiliary trailer (housing the
controls systems) and a power trailer (housing the turbine).  It takes
approximately 3 days to set up and connect the unit to generate power from
the time it hits the site.  Tear down is about the same length of time.

AMPS is currently hiring a sales/marketing person and conducting more
thorough marketing due diligence.  Obviously, if we had been six months
quicker we would be selling as many of these things as we could make into
California, particularly with the ability to hit 5 ppm NOx.

We are currently negotiating a royalty and equity participation with Pratt &
Whitney, the original manufacturer of the type of aero-derivative gas turbine
that makes up part of the system, whereby they would obtain a 15% interest in
AMPS and a royalty on unit sales in exchange for providing AMPS with the
right to use and modify all prints and drawings relating to the generator and
manufacture such generators based upon such drawings, together with an
intellectual property indemnity relating to such use.

The board of AMPS consists of 3 Enron people, being Kyle, Michael Miller of
Principal Investing and Bob Virgo of ENA.  There are also two people from
Dispersed Power (formerly PSM people).  From my attendance at the initial
board meeting, it appears relatively clear that this is a strong board, which
should help in maintaining AMPS as a strong IPO candidate if the technology
works out and the demand remains strong.  Every indication is that the
technology is there.

If you need any more information, let me know.

Thanks
Greg


We have received the following financial Master Agreement:

Type of Contract:		ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:			March 9, 2001

Enron Entity:			Enron North America Corp.

Counterparty:			Catequil Partners, L.P.

Transactions Covered:		Approved for all products with the exception of:  Foreign Exchange

Confirming Entity:		Enron North America Corp.

Governing Law:			New York

Special Handling Requirement:	Counterparty has five (5) Local Business Days after a confirmation was effectively received by it to accept or dispute a confirmation.

Copies will be distributed.


[IMAGE] 	 [IMAGE] [IMAGE]  [IMAGE] [IMAGE] There's no time like the present for presents on eBay. [IMAGE] [IMAGE] [IMAGE]  [IMAGE]    It's never too early to think egg nog, carols and great gifts on eBay!  Want it now?  Click Buy It Now.   [IMAGE] Check out our Holiday Catalog  where you'll find a wonderland of gift ideas at a full range of prices. It's the ultimate place to one-stop-shop.  [IMAGE]    A gift whose time has come - a DVD player    [IMAGE]    [IMAGE]   [IMAGE]   [IMAGE]  [IMAGE]  Upgrade his office with a laptop !    [IMAGE]  [IMAGE]  [IMAGE]  Throw a log on the fire and cuddle up in a new cashmere sweater .  [IMAGE] [IMAGE] [IMAGE]  [IMAGE]  [IMAGE]  Sports, weekend, dress - they'll always welcome a new watch .   [IMAGE]  [IMAGE]  [IMAGE]  Holiday Nutcracker Barbie  - the perfect stocking stuffer!   [IMAGE]  [IMAGE]  [IMAGE] [IMAGE] [IMAGE] [IMAGE]  [IMAGE] Every item listed makes a difference during the Auction for America effort. Search your heart, search your home and find something to donate  on eBay's Auction for America. 100% of the proceeds for your item will benefit the victims and families affected by the September 11th tragedy. If you prefer, the buyer can pay shipping.  [IMAGE]  Give a "walk-on" television role or a one-of-a-kind film prop from FOX . A gift they'll always treasure. Proceeds benefit Auction for America.  [IMAGE] [IMAGE] [IMAGE] [IMAGE]  [IMAGE] [IMAGE] [IMAGE] [IMAGE]  [IMAGE]   The latest CDs! Click here  for details. Receive your first holiday gift; a $10 Hallmark Gold Crown Store gift certificate*. It's our way to get you in the holiday spirit! [IMAGE]  [IMAGE] [IMAGE] [IMAGE] [IMAGE]   *Bid on items by 11/18/01, then check your bid confirmation email for a special promotion code you can use at Hallmark.com. Wrap up your order of $30 or more online and qualify for a $10 Hallmark Gold Crown Store gift certificate! Remember, you must first bid on eBay before you buy on Hallmark.com. It's easy, and fun - start shopping eBay today!  eBay sent this e-mail to you because your Notification Preferences indicate that you want to receive information about Special Promotions, Offers and Events. You are subscribed as alewis@enron.com.  To change your communication preferences, click here . Or, simply reply to this e-mail with UNSUBSCRIBE in the subject line. Please note that it may take up to 14 days to process your request. Visit our Privacy Policy  and User Agreement  if you have any questions.  Copyright ? 2001 eBay Inc. All Rights Reserved. Designated trademarks and brands are the property of their respective owners.  eBay and the eBay logo are registered trademarks of eBay Inc.


We had just completed moving the request deals into the bankrupcy book.
As requested, we only moved the following deals:

	- Financial deals only
	- NG or NGGJ commodities only
	- Active deals only (Greater than or equal to Dec 01, 2001)
	- ENA Deals only - We did not touch other deals
	- Live deals only, no killed deals.
	- no book to book deals.

The changes are now in TAGG and in ERMS for valuation.

 -----Original Message-----
From: 	Theriot, Kim S.
Sent:	Monday, December 17, 2001 4:40 PM
To:	Wei, Zhiyong; Lim, Francis S.
Cc:	Gossett, Jeffrey C.; Anderson, Diane
Subject:	New List of Financial Natural Gas Terminations
Importance:	High

Attached is a new list of Counterparty Deal terminations for Financial Natural Gas.  Please move all the Financial Natural Gas transactions for the Counterparties to the Bankruptcy Book.  I have included the Counterparty IDs for your reference.  Please let myself and Jeff Gossett know when the move has been completed.  Please call with any questions.

 << File: Update 1217 (Financial).xls >>

Kim Theriot
x. 31771


David,

Sounds like a safe bet.

Vince

From: David Port/ENRON@enronXgate on 05/07/2001 12:57 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Another Bet

Vince

I here you are running abook on how quickly we can implement Convolution VaR
for power and since I am up against a summer deadline for this I felt I
should take the other side.

So how about I buy you dinner if I get it done ?

Rgds
DP


We will walk the information over to the hotel this afternoon.

Steven.J.Kean@enron.com wrote:

> I'm going to be at the Hyatt in Sac. tonight.  Could you send a hardcopy to
> me there?
>
>
>                     Scott Govenar
>                     <sgovenar@gov        To:     Hedy Govenar
<hgovenar@govadv.com>, Mike
>                     adv.com>             Day <MDay@GMSSR.com>, Bev Hansen
>                                          <bhansen@lhom.com>, Jeff Dasovich
>                     02/26/2001           <jdasovic@enron.com>, Susan J Mara
>                     06:09 PM             <smara@enron.com>, Joseph Alamo
>                                          <JAlamo@enron.com>, Paul Kaufman
>                                          <paul.kaufman@enron.com>, Michael
McDonald
>                                          <Michael.McDonald@enron.com>,
David Parquet
>                                          <David.Parquet@enron.com>, Rick
Johnson
>                                          <rick.johnson@enron.com>, Marcie
Milner
>                                          <mmilner@enron.com>, Sandra
McCubbin
>                                          <Sandra.McCubbin@enron.com>, Tim
Belden
>                                          <Tim.Belden@enron.com>, Rick
Shapiro
>                                          <rshapiro@enron.com>, Jim Steffes
>                                          <james.d.steffes@enron.com>, Alan
Comnes
>                                          <acomnes@enron.com>, Chris Calger
>                                          <ccalger@enron.com>, Mary Hain
>                                          <mary.hain@enron.com>, Joe Hartsoe
>                                          <Joe.Hartsoe@enron.com>, Donna
Fulton
>                                          <Donna.Fulton@enron.com>, Steven
Kean
>                                          <Steven.J.Kean@enron.com>, Karen
Denne
>                                          <kdenne@enron.com>, Beverly Aden
>                                          <beverly.aden@enron.com>, Bill
Votaw
>                                          <bill.votaw@enron.com>, Carol
Moffett
>                                          <carol.moffett@enron.com>, Debora
Whitehead
>                                          <debora.whitehead@enron.com>,
Dennis Benevides
>                                          <dennis.benevides@enron.com>, Don
Black
>                                          <don.black@enron.com>, Dorothy
Youngblood
>                                          <dorothy.youngblood@enron.com>,
>                                          "dblack@enron.com"
<dblack@enron.com>,
>                                          "emelvin@enron.com"
<emelvin@enron.com>,
>                                          "ehughes2@enron.com"
<ehughes2@enron.com>,
>                                          "gweiss@enron.com"
<gweiss@enron.com>,
>                                          "gsavage@enron.com"
<gsavage@enron.com>,
>                                          "Harry.Kingerski@enron.com"
>                                          <Harry.Kingerski@enron.com>,
>                                          "kgustafs@enron.com"
<kgustafs@enron.com>, Mike
>                                          D Smith <msmith1@enron.com>,
"sgahn@enron.com"
>                                          <sgahn@enron.com>,
"vsharp@enron.com"
>                                          <vsharp@enron.com>,
"wcurry@enron.com"
>                                          <wcurry@enron.com>,
>                                          "William.S.Bradford@enron.com"
>                                          <William.S.Bradford@enron.com>,
Leslie Lawner
>                                          <Leslie.Lawner@enron.com>, John
Neslage
>                                          <john.neslage@enron.com>, Ken Smith
>                                          <ken@kdscommunications.com>
>                                          cc:
>                                          Subject:     SBX 28
>
>
> SBX 28 (Sher) relating to expedited siting, passed out of the Senate
> Environmental Quality Committee, as amended, on a bi-partisan vote of
> 6-0.  I have the bulk of the amendments in hard copy only and can fax
> them as requested.


Took about  8 months.  A new record.

From: Kathleen Carnahan/ENRON@enronXgate on 06/04/2001 02:34 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: enovate and Peoples Energy Corp CA's

Don't faint, but I am holding the original fully executed CA's for enovate
and Peoples (sent by Gregg Penman).  Whew, those took a really long time
didn't they?  How is Mississippi?

K-

Kathleen Carnahan
Enron North  America Corp.
1400 Smith Street, EB 3146d
Houston, TX 77002
Phone - (713) 345-3386
Fax - (713) 646-3037


Sam,

This is the final version of the presentation.

Vince


Jeff,

With all of our e-mail problems, it's hard to remember if I replied to this.

You are in E248.

Financial Times: (800) 628-8088 ask for Gayle

Have a great weekend.

On Tuesday, November 16, 1999 8:28 AM, Jeff Dasovich
[SMTP:jdasovic@enron.com] wrote:
>
>
> hi.  i also had registered and was placed on the waiting list for 248.
> that doesn't show up.  how should i interpret that?  also, can i get the
> number to call the financial times?  i'm the latest victim of no delivery.
> thanks a bunch.  best, jeff
>
>
>
>
> Shawn Allison <allison@Haas.Berkeley.EDU> on 11/15/99 07:25:11 PM
>
> Please respond to Shawn Allison <allison@Haas.Berkeley.EDU>
>
>
>
>  To:      eveningmba@haas.berkeley.edu
>
>  cc:      (bcc: Jeff Dasovich/SFO/EES)
>
>
>
>  Subject: Registration Results: Round One
>
>
>
>
>
>
>
> Please disregard if you are not taking electives in the spring semester.
>
> ***************************************************
>
> We have reviewed TeleBEARS enrollments from last week's deadline and
> corrected your schedule in TeleBEARS to reflect the courses that you are
> now registered for. Please check TeleBEARS to confirm your schedule and
> review wait lists below.
>
> So what's next?
>
> 1. CHECK InfoBEARS to see what you got into. You can call 510-642-9400
> or go to bearlink.berkeley.edu and use your SID and PIN to review your
> schedule. You can call any time of day. Use TeleBEARS for changes.
>
> 2. DROP the extra "back-ups" that you don't need by November 19
> (Friday). Use TeleBEARS (510-642-3400), or call the Drop Hotline with
> the course control numbers of the course(s) you want to drop at
> 510-642-3535.  Both options open 7-8 a.m. or 7 p.m. to midnight, Monday
> through Friday.
>
> 3. ADD extra classes if you like, by November 19 (Friday). You must use
> TeleBEARS during open hours to add a class. Call 510-642-3400 or go to
> bearlink.berkeley.edu 7-8 a.m. or 7 p.m. to midnight, Monday through
> Friday.
>
> 4. We will confirm your schedule by the middle of next week. Course
> materials will be ordered for you based on your November 19 enrollment.
>
> We have not completed registration for one-unit classes. I will be
> finalizing those enrollments this week. If you are depending on those
> units, be sure to sign up for a back-up just in case you don't get in to
> all of the one-unit courses you requested.
>
> As always, please call or e-mail us if you have questions.
>
> Oversubscribed Class Wait Lists
> (As of Friday, November 12)
>
> Below are the wait lists for classes that were oversubscribed. To see if
> you got into the class, check InfoBEARS. Note: you are not listed below
> if you were not registered by the November 12 deadline listed in the
> registration materials. Remember, the TeleBEARS wait list number is
> incorrect. Positions on the wait lists are determined by seniority
>  << File: ATT00009.txt >>


you need me to try to track it down? jeff

	9069876@skytel.com
	05/09/2001 01:45 PM

		 To: Jeff.Dasovich@enron.com
		 cc:
		 Subject:

Reply Message:
Reply from JAMES STEFFES  is not sure -Jim Steffes to
Jeff.Dasovich@enron.com||were we named?  jeff

Original Message:
Jeff.Dasovich@enron.com||were we named?  jeff


Ms. Mack has called you several times today trying to return your call. She
is currently in New York until December 2, 2000.  Ms. Mack is interested in
talking with you regarding a position here.  She is currently on vacation in
New York and she will be difficult to reach.  I suggested that she try to
reach you by phone at 8:00 AM our time tomorrow.  Also, she will be checking
her emails and voice mails regularly if you can give her a time and a phone
number where she might reach you whiole she is on vacation.

If she is unable to reach you before the holiday,  she left some phone
numbers where she may be reached beginning Tuesday, November 28, 2000 in New
York.

Tuesday, November 28 - Thursday, November 30
Washington Square Hotel
212-777-9515

Friday, December 1 - Saturday, December 2
Marriott Hotel
212-385-4900

Also, her email is irismmack@hotmail.com.  She said you need both m's.


please get on calendar
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/02/2000
12:38 PM ---------------------------

Joseph P Hirl@ENRON
09/28/2000 08:09 PM
To: Steven J Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Mark
Koenig/Corp/Enron@ENRON, John Sherriff/LON/ECT@ECT, Michael R
Brown/LON/ECT@ECT, Paul Chivers/LON/ECT@ECT, Jackie Gentle/LON/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT,
Mark E Haedicke/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Tom McKeever/EU/Enron@Enron, Jeremy
Thirsk/SIN/ECT@ECT, ken-rice@enron.net, Kevin Hannon/Enron
Communications@Enron Communications, Anthony Duenner/Enron
Communications@Enron Communications, mike.mcconnell@enron.com, Jeffrey A
Shankman/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron,
rebecca.mcdonald@enron.com, jmcmahon@enron.com, Jim Fallon/Enron
Communications@Enron Communications, Mark Schroeder/LON/ECT@ECT
cc:
Subject: Enron Japan Office Opening Ceremony

To commemorate the launch of our business activities and the opening of our
office operations in Tokyo, Enron Japan requests the honor of your presence
at a grand opening ceremony and reception.  Please mark your calendars, as we
are scheduled to celebrate this new venture on Tuesday, October 31, 2000,
6:30 to 8:30 p.m., Hotel Okura, Akebono Room, in Tokyo.

We are delighted to welcome the Prime Minister of Japan, Mr. Yoshiro Mori,
who is currently scheduled to join Ken Lay in the traditional Japanese
inauguration ceremony.  Dignitaries from Japanese government, key political
figures and corporate leaders are invited to attend the event.

You will receive an official invitation in due course, but in the meantime it
would be very helpful if you could confirm by e-mail whether you expect to
attend. Please respond to Mika.Watanabe@enron.com.

We look forward to welcoming you in Tokyo as we celebrate the grand opening
of Enron Japan.

Yours sincerely,

Joseph P. Hirl      Otemachi 1st Square Bldg.
President and CEO     West 11th Floor
Enron Japan Corp.     1-5-1 Otemachi, Chiyoda-ku
Tokyo 100-0004
Tel. 81-3-5219-4500


Shona -

To share with the others our telephone discussion, the notification template
was not my request, it was requested directly by Skilling.  I know your group
is working hard to meet mangagement expectations, and in accordance with your
request below, Market Risk is happy to help you transition into this revised
reporting format by reviewing the template prior to your distribution until
you are comfortable with the reporting requirements.   The new P/L
notification limits and limit changes that will be in effect  next Tuesday
should dramatically decrease the number of notifications, so that should
help.  It probably makes sense to re-distribute the policy to your business
unit controllers and the traders so they understand the policy requirements.

Another issue that we discussed yesterday is the source of the violation
explanations.  These should be provided to you by the head trader of that
commodity group.  Under the policy, that commodity group manager is
responsible for compliance with the risk management policy for the
commodities under his responsibility, along with the head of the energy ops
for that commodity group.  If the traders are not providing these
explanations to you or to your counterparts (ops desk head / business unit
controller), I'll be happy to send them an e-mail explaining their compliance
obligation under the policy.  Why don't you talk to each of the business unit
controllers, consider whether a process is already in place for this feedback
(as I understand it is for Global Products, for example), and if you'd like
me to send an e-mail to whoever you're having difficulty with, I will - just
let me know who.  Our Market Risk desk heads will be happy to review their
explanations, but the problem is, they can see whether they're short or long
and how the market moved in comparison, but it's the trader that can and
should explain why they took a position, whether they're adjusting it based
on the market moves, etc..

Let me know what else I can do to help streamline the process.

Regards,
Cassandra.

---------------------- Forwarded by Cassandra Schultz/NA/Enron on 12/07/2000
09:48 AM ---------------------------

	From:  Shona Wilson                           12/07/2000 09:42 AM

To: Cassandra Schultz/NA/Enron@Enron
cc: Michael Benien/Corp/Enron@ENRON, Chris Abel/HOU/ECT@ECT, Daniel
Falcone/Corp/Enron@ENRON, Veronica Valdez/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT

Subject: Re: 12/5 Limit Violations and Notifications - Comments

Dear Cassandra,

In looking at the comments below there are several errors made buy us, one in
the template itself, and some suggestions.  At your request, we have started
to prepare this in addition to the normal word violation/notification memos
and our other work.  As you have certain requests and requirements, it would
be helpful for someone in your group to review it before it went out to
ensure it meets your requirements.

Please let me know if this is workable and who the reviewer should be.

Thanks,

Shona

To: Michael Benien/Corp/Enron@ENRON, Chris Abel/HOU/ECT@ECT, Shona
Wilson/NA/Enron@Enron, Daniel Falcone/Corp/Enron@ENRON
cc: Veronica Valdez/HOU/ECT@ECT

Subject: 12/5 Limit Violations and Notifications - Comments

I realize this has already gone out, but I see a few errors that we should
correct  - and actually, I think we should call Skilling and Lay's (and
Buy's) assistants (Veronica will handle this) and see if we can just hand
deliver to them a corrected version early this morning, e-mail is OK for Ted,
David and I. I have a few other suggestions on format/reporting changes as
well.

The NA Power VaR of $51MM was not 105% over its VaR limit of $50 - that would
have been $52.5 to require a report to Skilling, (but if we had had to report
it, don't use "WSCC", try to spell out or just don't use)
UK Gas's VaR limit is not $4, it's $7.5MM
I can't tie in UK Gas' QTD and YTD P/L - shouldn't it be what's on the DPR,
adjusted for the portion of the structured derivatives that is gas - call
over to that Yeo person and get the info. from them please
The 2nd item for NA Gas shouldn't be listed like that as it looks like
another violation - the comment re: the VaR increase was mean to go at the
bottom under RAC comments
The Finance Committe Chairman notification for Agg. VaR is not 100%, it's
115% (notification requirement box)
EES had a VaR violation - $7.5 vs. 7 - that is a Skilling level violation
Let's have the "Re:" say "Limit Violations and Notifications for December 5,
2000"
Let's number them all sequentially rather than starting over at each level

Veronica will call you to coordinate re-distribution.

Going forward, we need to increase our level of review for these as they're
getting a lot of scrutiny given market dynamics and our increasing risk.

Thank you,
Cassandra.

---------------------- Forwarded by Cassandra Schultz/NA/Enron on 12/07/2000
07:38 AM ---------------------------

Michael Benien
12/06/2000 07:08 PM
To: Kenneth Lay/Corp/Enron@ENRON, Rosalee Fleming/Corp/Enron@ENRON, Jeff
Skilling/Corp/Enron@ENRON, Sherri Sera/Corp/Enron@ENRON, Rick
Buy/HOU/ECT@ECT, Karen K Heathman/HOU/ECT@ECT
cc: Cassandra Schultz/NA/Enron@Enron, Ted Murphy/HOU/ECT@ECT, David
Port/Market Risk/Corp/Enron@ENRON, Chris Abel/HOU/ECT@ECT

Subject: 12/5 Limit Violations and Notifications


Sorry.  I just did.

DG


pls print.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 06/22/2000
01:39 PM ---------------------------

	From:  Susan Scott                           06/21/2000 12:41 PM

To: Steven Harris/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, TK
Lohman/ET&S/Enron@ENRON, Michele Lokay/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Drew Fossum@ENRON,
Mary Kay Miller/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, sstojic@gbmdc.com
cc:

Subject: Capacity Options on TW

Attached is a preliminary draft of a filing for capacity options on
Transwestern.  The attachments include a filing letter, proposed tariff
language and a proposed form agreement.

Obviously there are still quite a few details to be worked out.  I am
distributing a draft at this early stage in hopes of initiating a dialogue
about the larger issues first.  A few that come to mind are whether we want
to commit to selling options online, how best to explain or justify the
option fee, and what specifically in the industry has changed such that FERC
should depart from existing policy and allow TW to essentially reserve future
capacity for shippers.  Please let me know your thoughts on these and any
other issues.

I would prefer to wait to discuss comments on wording, other conforming
changes to the tariff, and other comments concerning form until after we have
resolved the substantive issues.  Thanks.


-----Original Message-----
From: Kitchen, Louise
Sent: Saturday, January 12, 2002 2:38 PM
To: Milnthorp, Rob; Calger, Christopher F.; Presto, Kevin M.; Belden,
Tim
Subject: FW: Cuts

-----Original Message-----
From: Webb, Jay
Sent: Saturday, January 12, 2002 12:01 PM
To: Kitchen, Louise
Subject: Cuts

Hi Louise,

I asked each of my directs to consider 3 levels of cuts.  I told them this is strictly an exercise at this point and that we haven't been given targets (trying to keep the emotion down).  The three levels were:

 A. Remove capability for new projects but retain a reasonable ability to continue growth of our current application suite.

 B. Reduce to minimal development capability.  Retain ability for operations and minor enhancements to applications.

 C. Cut to life-support level.  Retain ability to operate the applications and fix bugs.

The cut levels are as follows:
A. Reduce by 11 (to 129)
B. Reduce by 21 (to 108)
C. Reduce by 17 (to 91)

Jeff Johnson placed himself in the A cuts, though I removed him from that cut thinking I can talk him out of it.  He is in the B cut.

Steve Stock placed himself in the B cuts.

Michael Guadarrama placed himself in the B cuts.  He said he would probably leave if the A cuts were made but would wait until we got through the transition.

Hopefully we can hold this together.

I'll try to call you to discuss.

Thanks.
--jay

Jay Webb


Attached is the referenced list.  My "amended-no change" means I am OK with
Credit changes.

Do I owe you some other old lists?


Remember the old Joseph Stalin adage:"The people  who vote decide nothing.
The people who count the vote decide  everything."


Credit terms will follow on this proposed master netting arrangement.

 Guaranties
	Outgoing:
	Original Date:
	12/16/96- Covered Counterparty: ENA covering TXU Energy Trading Company for $20MM of financial business
	4/1/98 -   Covered Counterparty: EPMI covering TXU Energy Trading Company for $30MM of physical power business
	7/1/00 -   Covered Counterparty: ECC and ENA covering TXU Energy Trading Company and TXU EnergyTrading Canada Ltd for $50MM of physical gas and other 		  petroleum related products
	Incoming: All entities guaranteed by TXU Gas Company
	Original Date:
	3/31/2000 - Covered counterparty: TXU Energy Trading Company covering $20MM of ENA financial business.
	10/12/01 - Covered Counterparty: TXU Energy Trading Canada Ltd and TXU Energy Trading Company for $25MM ofphysical and financial natural gas business with 		   ENA and ECC
	5/25/01 - Covered Counterparty: TXU Energy Trading company for $20MM of physical power business with EPMI

<Embedded Picture (Metafile)>


I'll be in Belize!!! So will Z.

-----Original Message-----
From: Erik Wollam [mailto:erwollam@hotmail.com]
Sent: Thursday, April 18, 2002 10:04 AM
To: bcorrier@cox-internet.com; knipe3@msn.com; chet_fenner@bmc.com; c.r.zander@att.net; Joe.Parks@enron.com; Brian Constantine; lawfeder@msn.com
Subject: man night again?

Is it time again? Who's interested?
How about Thurday the 25th at....................
e.

_________________________________________________________________
Join the world's largest e-mail service with MSN Hotmail.
http://www.hotmail.com


----- Forwarded by Mark E Haedicke/HOU/ECT on 11/03/2000 04:53 PM -----

	John Schwartzenburg@ENRON_DEVELOPMENT
	11/02/2000 03:34 PM

		 To: Sandeep Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Randy Young@ECT,
John Novak/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, paul.kraske@enron.com,
mark.evans@enron.com, Mark E Haedicke@ENRON_DEVELOPMENT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Deborah Culver@EES
		 cc: Rob Walls/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vicki Sharp@EES
		 Subject: New Security and Human Rights Policy - Legal Comments

Rob has asked me to collect legal department views on the attached statement
of principles regarding Security and Human Rights that Enron Corp is
considering endorsing. These have been worked out over the past several
months by a task force of the US and UK governments, along with
representatives of industry (including Enron) and NGOs (including Amesty and
Human Rights Watch) under the auspices of Secretary fo State Albright and
Foreign Secretary Cook.  As a result, we really don't  have the ability to
change the text, which is fixed.

As you know, Enron is very concerned about human rights issues because of
their intrinsic value and their community relations impacts.These guidelines
would be in addition to the Human Rights Policy Statement the Enron board
adopted last year, which really do not touch on security matters as such. I
have sent this to each of your since your business units are those that have
the most extensive operations in the developing countries in which these
issues are of primary concern.  (I am separately collecting comments/concerns
from within EES and EECC.)

The Enron effort on this guideline project has been lead by Lauren Goldblatt
of the Corp. PR group. Lauren has run the attached drafts past Mike Hicks and
Pete Vandergam at Corp. Security for their views of whether this can be
implemented by Enron.  We as the legal department have been asked to express
our view on are the following:

(a) Are there any show stoppers that would argue that Enron should not
publicly express its "endorsement" of these polices?
(b) If Enron were to express its endorsement of the policy statement, what if
any material problems do you think your business line might encounter in
implementing the policy?
(c) Do you see any unintended practical or legal consequences that might
arise from Enron publicly adopting or endorsing this as policy?

Please take an hour few hours to read through the materials, or have one of
your lawyers do so. You might need to consult with your operation personnel
for their practical views as well.   I would be grateful if you could express
any concerns you may see with the guidelines by November 7 (Wednesday) so
that I can coordinate comments and get the responses out.   (The deadline for
Enron and other companies to express their endorsement of the policy has been
extended from the November 8 deadline expressed in the attached to November
15. To allow time for Enron to deal with responses, we have been asked to get
our feed back to Lauren by November 8 (Thursday).)

You cane-mail your comments or phone them to  me at 713-646-6309. If I get
suffucient expressions of interest for a conference call by Monday, I will
set up a call in number for Wednesday morning US.

Thanks, I appreciate your views and comments.

----- Forwarded by John Schwartzenburg/ENRON_DEVELOPMENT on 11/02/2000 02:06
PM -----

	Vicki Sharp@EES
	10/26/2000 10:26 AM

		 To: John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Deborah
Culver, Sarah Gregory/LON/ECT@ECT
		 cc: Lauren Goldblatt/NY/ECT@ECT
		 Subject: Security and Human Rights

John, Rob and I have talked and   Rob would like you to take the lead on
this.  Deborah, I need you to work  with  John S. to see how our
international EES business (Europe, Mexico, etc.) might be   affected by this
and whether we take this position.  I am sure Rob and JOhn will  have the
history and expert opinion as to how this should be handled, and my guess is,
this issue primarily affects EECC at this time.  Maybe one of the Apache
lawyers can take the lead for the traditional EES business.   Rob will be in
next week and then going out of town and I will pick up for him then.
---------------------- Forwarded by Vicki Sharp/HOU/EES on 10/26/2000 09:56
AM ---------------------------

Lauren Goldblatt@ECT
10/25/2000 05:44 PM
To: Rob.Walls@enron.com, Vicki.Sharp@enron.com
cc: Kelly.Kimberly@enron.net
Subject: Security and Human Rights

Rob and Vicki:

Over the past few months we have participated in an initiative aimed at
developing a voluntary set of guidelines governing human rights and security
arrangements.   I would greatly appreciate your thoughts, review, and sign
off on the guidelines.

Should we agree to endorse the principles, we must send a letter to the U.S.
State Department by November 8, 2000.     I have attached a fact sheet as
well as the revised principles for your review.

The principles and signatories will be announced by Madeline Albright and
Secretary Robin Cook in November.

Thank you for time and consideration on this.  Please do not hesitate to call
with any questions.  I can be reached either by cell phone (917) 821-0724 or
by  voicemail at 212-702-3916.

Best Regards,

Lauren

 - corp_resp__20_Sept_[2].doc


This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

We attach clean copies (blacklines will follow in a separate e-mail) of the
final forms of the following:

(a) Secretary's certificate for Salmon Energy LLC (naming members of ENA
board and attaching resolutions of ENA Board);
(b) GE Consent and Agreement;
(c) GE acknowledgement of receipt of funds;
(d) GE legal opinion;
(e) Salmon Promissory Note;
(f) Salmon Security Agreement.

We shall ask Paul Hastings to send to you the final forms of:

(i) the GE Guarantee;
(ii) the GE Letter of Credit;
(iii) the secretary's certificate for Salmon Energy LLC, (naming members of
Pegasus board and attaching resolutions of Pegasus Board).

The Salmon UCCs and continuation statements will follow this e-mail, as will
blacklines of the attached documents.

Kind regards
Isabel

 - NY003699692.DOC
 - NY003701084.DOC
 - NY003700033.DOC
 - NY003701281.DOC
 - NY003699615.DOC
 - NY003700898.DOC


Thanks

 -----Original Message-----
From: 	Black, Tamara Jae
Sent:	Wednesday, October 03, 2001 3:33 PM
To:	Sturm, Fletcher J.
Subject:	RE: Vacation Time

I show you have 104 hours remaining...if you roll over 40 hours...you need to take 8 days.

Thanks

 -----Original Message-----
From: 	Sturm, Fletcher J.
Sent:	Wednesday, October 03, 2001 3:29 PM
To:	Black, Tamara Jae
Subject:	RE: Vacation Time

TJ,

What is my current balance?

Fletch

 -----Original Message-----
From: 	Black, Tamara Jae
Sent:	Monday, October 01, 2001 9:09 AM
To:	/o=ENRON/ou=NA/cn=Recipients/cn=notesaddr/cn=a478079f-55e1f3b0-862566fa-612229; Abler, William; Aggarwal, Anubhav; Allen, Diana; Arora, Harry; Bailey, Debra; Ballato, Russell; Ballinger, Ted; Baughman Jr., Don; Benchluch, Moises; Benjelloun, Hicham; Benson, Robert; Bentley, Corry; Black, Tamara Jae; Blaine, Jay; Bolt, Laurel; Broderick, Paul J.; Broussard, Richard; Burnett, Lisa; Campbell, Larry F.; Capasso, Joe; Carson, Mike; Chen, Alan; Choate, Jason; Cline, Kevin; Collins, Dustin; Comeaux, Keith; Coulter, Kayne; Davis, Mark Dana; Day, Smith L.; Dean, Clint; Decook, Todd; Emesih, Gerald; Errigo, Joe; Forney, John M.; Freije, William; Garcia, Miguel L.; Gilbert, Gerald; Gilbert-smith, Doug; Giron, Gustavo; Greer, Andrew; Gualy, Jaime; Guerra, Claudia; Gulmeden, Utku; Gupta, Gautam; Ha, Amie; Hanse, Patrick; Hernandez, Juan; Imai, Rika; Ingram, David; Jenkins IV, Daniel; Kaniss, Jason; King, Jeff; Kinser, John; Larkworthy, Carrie; Laurent, Dean; Laverell, Justin; Lenartowicz, Chris; Lorenz, Matt; Lotz, Gretchen; Lowell, Thomas; Mack, Iris; Mahajan, Ashish; Makkai, Peter; Marquez, Mauricio; Maskell, David; May, Tom; McElreath, Alexander; Miller, Jeffrey; Oh, Seung-Taek; Olinde Jr., Steve; Pace, Andy; Padron, Juan; Pan, Steve; Philip, Willis; Podurgiel, Laura; Poppa, John D.; Presto, Kevin M.; Quenet, Joe; Rawal, Punit; Rodriquez, Andy; Rogers, Benjamin; Rust, Bill; Ryan, David; Saibi, Eric; Schiavone, Paul; Schneider, Bryce; Seely, Michael; Serio, Erik; Shoemake, Lisa; Simpson, Erik; Stalford, Robert; Stepenovitch, Joe; Sturm, Fletcher J.; Symms, Mark; Tamma, Ramanarao; Thomas, Paul D.; Trejo, Reese; Valdes, Maria; Vernon, Clayton; Wang, Steve; Williams, Ryan; Willis, Cory; Zipperer, Mike; Baughman, Edward D.; Clynes, Terri; Dalton III, Oscar; Kelly, Mike E.; Sewell, Doug; Valderrama, Larry
Subject:	Vacation Time

Just a reminder that we are coming up to the end of the year and that you will be able to roll over 40 HOURS or ONE WEEK of vacation time.  Should you have more that 40 hours please try and use them before the end of the year so that you don't loose them.  I do have a print out of the vacation time if you need to verify your current balance.

Thank you,

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


FYI
 -----Original Message-----
From: 	Graham, Charlie
Sent:	Tuesday, June 19, 2001 2:42 PM
To:	Delaine Kurth (E-mail)
Subject:	Mt. Jesus Condensate

Delaine,

The Operating Agreement between Northern and KN (now Oneok) entitles Oneok to all condensate and drip liquids removed from any of the Northern pipelines, equipment or facilities upstream of Oneok's Bushton Plant.  That agreement also provides that Oneok will be responsible for picking-up, hauling and providing a detailed accounting of such liquids removed.  In addition Oneok is to pay Northern for the shrinkage attributable to such condensate and drip.  Northern invoices Oneok monthly for a cash reimbursement of the mmbtu's attributable to the condensate removed.

Effective April 2000, Oneok began short paying its invoices.  The table below summarizes the amount shorted through April 2001 as $67, 889.36.  This short payment reflects Oneok's refusal to reimburse Northern for removal of condensate attributable to the Mount Jesus Drip, lease # 71176.  Oneok has indicated to Northern that Oneok's contract hauler contends the liquid removed from Northern's system at this point is water.  In spite of evidence provided by Northern to the contrary, Oneok accepts its contractor's contention, apparently pays a disposal fee, and refuses to reimburse Northern for the mmbtu's lost.

This location produced condensate prior to the March 31, 1997 agreement and no change to Northern's pipeline operations that would impact condensation dropout has occurred.  Oneok was properly reimbursing Northern prior to April 2000.  In addition, the attached analysis of liquid removed from the location on September 20, 2000, demonstrates that hydrocarbon condensate continues to be collected at the drip.  Northern must insist that compensation for these BTU's removed from Northern's System be made by Oneok.  Your immediate attention to this matter is appreciated.

Thanks

Charlie
(402) 398-7061

Northern Natural Gas Company
Shortpay Analysis
Mt. Jesus Drip

						(BBLS * 42)		(GAL * .116)
Date		Rate		BBLS		Gallons		Mmbtu		Amount
Apr-01		 $ 4.9474 		345.00 		   14,490.00 		    1,680.84 		 $  8,315.80
Mar-01		 $ 4.9851 		180.00 		     7,560.00 		      876.96 		 $  4,371.76
Feb-01		 $ 5.5555 		200.00 		     8,400.00 		      974.40 		 $  5,412.96
Jan-01		 $ 8.0133 		180.00 		     7,560.00 		      876.96 		 $  7,027.33
Dec-00		 $ 8.7182 		240.00 		   10,080.00 		    1,169.28 		 $10,194.02
Nov-00		 $ 5.2090 		205.00 		     8,610.00 		      998.76 		 $  5,202.54
Oct-00		 $ 4.8727 		140.00 		     5,880.00 		      682.08 		 $  3,323.57
Sep-00		 $ 4.8503 		240.00 		   10,080.00 		    1,169.28 		 $  5,671.36
Aug-00		 $ 4.2166 		140.00 		     5,880.00 		      682.08 		 $  2,876.06
Jul-00		 $ 3.8249 		140.00 		     5,880.00 		      682.08 		 $  2,608.89
Jun-00		 $ 4.0792 		380.00 		   15,960.00 		    1,851.36 		 $  7,552.07
May-00		 $ 3.2884 		160.00 		     6,720.00 		      779.52 		 $  2,563.37
Apr-00		 $ 2.8424 		200.00 		     8,400.00 		      974.40 		 $  2,769.63

				2,750.00 		 115,500.00 		13,398.00 		 $67,889.36


Welcome!  Please stop by.  Mark


In case word hasn't gotten around, ENA learned COB Friday, that it has been
chosen to engage in further negotiations with the ISO for about 450 MWs of
projects.  The preliminary award is based on ENA's response to the RFQ that
the ISO issued last month for "emergency resources."


Hey:

We get these newsletters in our apartments every month and there is
always a
brain teaser on the back side of it.  This was the one for this month:

Let's see how well you will do.

For every question, tell me who this person is, not their names, but
their
relationship to you. (eg. cousin, aunt, great-grandma, etc.)

1.  Who is your father's, uncle's, brother's sister?

2.  Who is your aunt's mother's, father's, wife?

3.  Who is your mother's, nephew's, daughter's son?

4.  Who is your brother's, son's, sister's mother?

5.  Who is your sister-in-law's, father-in-law's grandson?

6.  Who is your sister's, father's, step-son's mother?

7.  Who is your uncle's, father's, grandchild?

Make an honest attempt, and then scroll down for the answers...
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
1.  Great Aunt

2.  Great Grandma

3.  3rd Cousin

4.  Sister-in-law

5.  Nephew

6.  Step-mother

7.  1st cousin or yourself


?

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Wednesday, September 26, 2001 7:53 AM
To:	Smith, Matt
Subject:	VaR violation

Matt,

You have exceeded your VaR limit.  Per the rules set by John Lavorato I will have to take $100,000 from your P&L tonight.  If you are still over your limit tomorrow morning, the penalty will be $1,000,000.

Kam

x3-5781


Do we have a Netherlands ETA?
---------------------- Forwarded by Mark Taylor/HOU/ECT on 03/21/2000 02:55
AM ---------------------------

	From:  Bob Shults                           03/17/2000 03:36 PM

To: David Forster, Mark Taylor/HOU/ECT@ECT
cc:
Subject: Netherlands ETA

I am trying to follow up with Reliant concerning a desire to trade from their
office in the Netherlands.  What is the status on an ETA for the Netherlands?


Houston Ballet gives free performances of Copp,lia
at Miller Outdoor Theatre in Hermann Park
8:00 p.m. Friday May 11, Saturday May 12, & Sunday May 13, 2001
sponsored by AZURIX and ENRON

Considered the great comedy of classical ballet, Copp,lia  tells the story of
a doll so enchantingly lifelike that she mesmerizes an entire village,
captures the heart of a young swain named Franz and inspires the eccentric
toymaker Dr. Copp,lius to attempt to transform her into a living, breathing
human being.

AZURIX and ENRON are Corporate Sponsors for Houston Ballet's Miller Theatre
performances, helping to present these free performances of Copp,lia to the
people of Houston.  Houston Ballet has a limited number of tickets for the
seated area each night for employees of AZURIX and ENRON.  These tickets are
available on a first-come, first-served basis by calling William at
713-535-3235 no later than 5 PM today .  (Please be aware that all unoccupied
seats are released at 10 minutes before curtain.)

Other, free, general public tickets for the seated area (max 4 per person)
are available at the Miller Theatre 11:30 a.m. - 1:00 p.m. on the day of
performance; for more information call 713-284-8351 for the Miller Theatre
ticket information line.  Tickets are not required for the lawn area.

About Coppelia
Copp,lia was first performed on May 25, 1870 at the Th,atre Imp,rial de
L'Op,ra, featuring choreography by Arthur Saint-L,on and music by L,o
Delibes. The work maintains a special place in the history of dance, serving
as a kind of bridge from the glory of the French Romantic ballet in the early
nineteenth century to the masterpieces of the Russian Imperial Theater at the
turn of the century. Writing in The International Dictionary of Ballet,
critic Karen Dacko analyzes the unique characteristics of the piece as
follows: "Copp,lia owes its longevity to its inspired, very danceable score.
But the ballet is also remarkable for its perennial appeal and for its
historical significance as Romanticism's grand finale and classical ballet's
prologue."
Copp,lia first entered Houston Ballet' repertoire in October 1974, in a
staging by Frederic Franklin (who also performed the role of Dr. Copp,lius),
and featuring scenery by Peter Farmer. In November 1979, former Royal Ballet
ballerina Anne Heaton re-staged the work for the company. When Houston Ballet
premiered its new production of the work in March 1992 featuring breathtaking
d,cor by Desmond Heeley, Carl Cunningham of The Houston Post wrote, "It would
be hard to imagine anything to cap the joyous, gentle, and glorious looking
new production of Copp,lia the splendidly prepared company of dancers and
musicians put forth Thursday evening on Wortham Center's Brown Theater
stage."    (The Houston Post, March 21, 1992)
Heeley's designs for Copp,lia never fail to enchant, most notably in the
second-act depiction of Dr. Copp,lius's workshop. The sampling of dolls on
display pay homage to the era when automatons, or mechanical toys, were the
rage in Europe -- and to Heeley's inexhaustible creativity. Among the
eye-popping toys featured in  the workshop are a huge astrologer with a
pointed hat and a robe covered in shooting stars and moons; a strongman with
a handlebar mustache and barbells; Puss n Boots; an acrobat hanging from a
trapeze holding the man in the moon; and a small ballerina dancing on the
back of a goat. In the first act, the vibrant reds, golds, and oranges of the
costumes worn by the peasants in the village conjure up a wonderfully
picturesque vision of nineteenth century Bavaria.


Since I had to leave before the meeting concluded and you were not there at
that point, I wanted to recap my understanding of the next steps.  Ed
Gottlob, Melissa Graves, Rita Wynne and Clem Cernosek will work together to
pull data to view HPLC's total transport business, and then balance it to the
off-system interconnect business used in the Texas Trading Operation.  This
perspective, when all elements are accounted for and tied out, should result
in the accounting UA4 numbers recorded each month in our general ledger.
They will focus as the core team, and will enlist others as needed which
might include Gas Accounting, Settlements (Lisa Csikos) or others.
Additionally, Johnnie has offered assistance from her team, but feels the
project of tieing the data best resides in Energy Operations.  They will need
to determine their course of action, and schedule a follow-up meeting with
the group when they have some data to share.

I want to reiterate:  We all understand the importance of this project and
will do everything possible to support it.  These 4 people will remove
themselves from their daily activities to concentrate on this full-time.  We
felt a dedicated group would deliver the desired results more effectively
rather than individuals balancing other responsiblities.  It is crucial that
everyone take ownership in the results.

Please let me know if I have misstated anything or if there are any questions.

Brenda
x3-5778


---------------------- Forwarded by Chris Germany/HOU/ECT on 02/19/2000 01:21
PM ---------------------------

Brooker72@aol.com on 02/18/2000 08:36:34 AM
To: chris.germany@enron.com
cc:
Subject: Last night...

Chris:

I just want to thank you for helping me out when we were chatting last
night....I look forward to chatting again. If you get the name of the IT
manager I will definately not mention your name....I understand
completely.....

I hope we can talk again..I'm free this evening, so I'm sure I'll be online.
Have a great day.

Renee'


-----Original Message-----
From: Matthew Baker [mailto:MABAKER@tnrcc.state.tx.us]
Sent: Thursday, September 27, 2001 3:20 PM
To: Phillips, Marc
Subject: New Banking Rules

per your request


Attached is an Agreement and Release Form that Michelle would like for you to
review.  She is on the phone with you now regarding this attachment.


ditto.  work is it.  i am going to vegas this weekend, so i got that going
for me.


SSSSSSHHHHH!!
IT'S A SURPRISE

Chris Hilgert
FRIDAY OCTOBER 5TH @ TRAVIS CAFE'
Please be there no later than 6:30 as he will be brought in at 7:00.
Come as you are, to surprise Chris for his birthday, thanks to his wife Nichole!
The Travis Cafe' is located at 208 Travis in between Congress and Franklin, phone 223-4073.
If you have any questions, feel free to call me at 713-853-4887 and I will be happy to help!!  Hope to see you there!
AND IF YOU KNOW SOMEONE WHO WOULD LIKE TO COME AND DID NOT RECEIVE THIS, FEEL FREE TO PASS IT ON!!!!

<Embedded Microsoft Clip Gallery>


Holiday Shopping Support The Rise School of Houston while you do your holiday
shopping!  Participating stores in the Center at
for Rise School! Post Oak, 5000 Westheimer (across from the Galleria), are
donating a percentage of their sales on Saturday,
 November 18 to The Rise School.  No cards to buy, all you need to do is
shop!  Stores include BB1 Classic,
 Iloff Jewelers, Nature's Way Day Spa and Salon, Sport Clips All Star
Haircuts and more - look for posters in
 participating stores.  For more information about Rise, check out
www.riseschool.com.

Houston Symphony Enjoy the 4th Annual Singles Bash with the Houston Symphony
on Monday, November 20 from 6:00 p.m.-7:00 p.m.
Singles Mixer! at Sambuca Jazz Cafe!  This pre-concert party offers
complimentary hors d'oeuvres, live jazz quartet Blue Monks, door
 prizes and more, and is a prelude to the Houston Symphony concert at 8:00
p.m. featuring the legendary violinist
 Midori!  Tickets are $35 and include the mixer and concert ticket, and
pre-paid reservations are required.  Don't miss
 out on this fun mixer - call 713-238-1477.

Classical Music  Subscribe to the 2000-2001 Houston Symphony Casual Classics
season, where hosts and artists provide the audience
Happy Hours! with muscial examples and insights into the world of music
before each spectacular performance.  Enjoy pre-concert
 Happy Hours featuring the Blue Monks jazz quartet as well as select
opportunities to mingle backstage with guest artists
 if you purchase the ticket package.  To find out more about program dates
and highlights, visit www.houstonsymphony.org
 or call 713-224-7575 to subscribe.

Nutcracker Come shop and support the talented Houston Ballet!  The Houston
Ballet Guild's 20th Annual Nutcracker Market will
Market be held at the Astrohall Novemeber 9-12.  Merchants from around the
country will showcase row after row of
 gifts for your early holiday shopping, so beat the crowd and join in on the
Early Bird Power Shopping on Saturday,
 November 11 from 8:00 a.m. to 10:00 a.m.  Tickets are $25 dollars each and
parking is complimentary.  For ticket
 information call 713-535-3231 or email nutcrackermarket@houstonballet.org.

Chinese Paintings Are you an art lover?  Come to the Continental Center I
Gallery (Continental Building, 1600 Smith, 2nd floor) and enjoy
Show Chengyi Li, an artist from China, and his selection of personal works of
Chinese art.  The exhibit will run from October 30
 to December 1. Enron employees receive a 10% discount on the artist's works.
 For more information, contact
 Maggie Li at ext. 56011 or click here for a preview!

Flood Relief in Massive floods in recent weeks have devastated much of the
Mekong Delta in Vietnam, and as much help as possible
Vietnam is needed to help the millions of victims driven out by the natural
disaster.  Thousands of people have died and the main
 food source, rice, has been destroyed.  Homes and crops are not expected to
recover until well after next year. Food,
 water, and shelter are all in extremely short supply.  Every bit of help can
make a huge difference!

 For information on how to support this important cause, contact Thu Pham
Arnold at ext. 55125. Donations to
 the flood relief can be made to:

 VCSA Flood Relief
 Vietnamese Culture & Science Association
 P.O. Box 741301
 Houston, TX 77247

 Enron will match your generous contribution dollar for dollar. See
http://home.enron.com/cr/envolved/

Museum of Fine Arts You are invited to the Museum of Fine Arts Corporate
Partner Holiday Party on December 12 from 7:00 p.m.
Holiday Party to 9:00 p.m, but volunteers are needed to help with fun and
exciting preparations! The party is free for all corporate
 partner company employees and their families.  In addition to face-painting,
escorting guests, and numerous
 activities on the night of the party, fun volunteer opportunities include:

 Invitation Stuffing Activity - November 9
 5:30 p.m.- 7:30 p.m.

 Craft Preparation Activity - November 14
 5:30 p.m.- 7:30 p.m.

 Contact India Kerr-Perkinson at 713-639-7570 for more information and or
click here to print out the volunteer form.

Enron Kids Holiday Come participate with Enron Kids, a program that helps
provide books and equipment for schools in need.  Sponsor a
Fun student or team up with co-workers or your department to provide a bag
full of holiday cheer to an HISD Burrus
 Elementary student!  A shopping committee can shop for you if your schedule
does not give you the time.  Sign-ups
 are:
 November 14, 16, 17:  11:00 a.m. - 1:00 p.m. in the Enron Building lobby
 November 15:           11:00 a.m. - 1:00 p.m. in 3AC 601
 November 15:             11:00 a.m. - 1:00 p.m. in Jefferson Bldg. Ground
Floor Conference Room

 Gift drop-offs will be on December 4-8, and the holiday party for Enron Kids
will be at Burrus Elementary on Thursday,
 December 14, with transportation available to sponsors.  For more
information, contact Geneva Davis at ext. 35517
 or Leslie Campbell at ext. 35983.

Mammograms M.D. Anderson will be here November 13-17 to administer
mammograms.  Call 713-745-4000 to
Available schedule an appointment.  Cost is $15 for employees, spouses,
retirees and EDS; $16 if donating to The Rose (an
 organization that provides free mammograms for low-income women); $75 for
contractors.

The 2nd Annual Enron Dog Day Afternoon 'Howloween Party' hosted over 100
lovable canines and raised approximately $2,500 for
organizations such as Great Beginnings, Golden Retreiver Rescue, Harris
County Animal Control, and Canines In Action!


Read about the two new FERC Commissioners.

Also in this issue:
California update and the PG&E bankruptcy
Transwestern's Arizona expansion
Fortune smiles on Enron
Annuity effects -- what's that?
The U.K. gets new energy rules

It's all in the latest eBiz.  Go to home.enron.com, click Publications, then click eBiz and "eBiz April 13, 2001."


Thank you for sharing this with me, Shelley.  You are living one of my dreams.  My mother will enjoy this also.  She asks me everyday if I've talked with you.  Take care.

 -----Original Message-----
From: 	Corman, Shelley
Sent:	Thursday, January 17, 2002 2:59 PM
To:	Thompson, Debra; Lokey, Teb
Subject:	The Journal

Here is the unedited (and unfinished) version.  Kim still needs to add his notes on the last days of the trip.

 << File: Journal From Trip to Kazakhsta2.doc >>


no attachments included


OK.  DF

Christine Stokes
01/11/2000 02:02 PM
To: Steve Harris/HOU/ECT@ECT, Glen Hass/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Lorraine
Lindberg/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Transwestern Contract Approval Request

TRANSWESTERN CONTRACT APPROVAL REQUEST

Please review the REVISED non-standard discount letter for Red Cedar
Gathering Company.  This discount letter, previously approved by appropriate
officers,  now contains the addition of a Paragraph 5.    As described
before, this one year contract is for 100,000 Dth/d of Red Cedar to El Paso
Blanco capacity.  Red Cedar will pay a one-part rate of $.02 based upon 70%
of the contract's MDQ.  They will also pay a $.02 rate for the remaining 30%
of the contract's MDQ on a "as-use" basis.

Please provide approval via REPLY WITH HISTORY.  If any questions arise,
please contact me at x35702.