To make sure that Enron is not missing any opportunities to make our points
on competition, we need to develop some key message points and facts.

My understanding is that the key story line is that  "COMPETITION IS WORKING
AND SHOULD BE PUSHED FORWARD".
We need to be able to give examples of what is happening - deregulation
customers are winning.  For example, our CSU customers are just fine even
with higher energy markets.

I think that are some key questions that we need to consider when we put
these together:

Who is the audience?  My answer - California policymakers, key stakeholders,
FERC, federal government.

Can we use this in the FERC Investigation on Markets?  My answer - we have
to; California is too big and important not realize that California will play
a role in FERC's discussions.

What is the timing of message?  My answer - Wherever and whenever; needs to
be coordinated.  This CA legislative process (next 2.5 weeks) may be a
possibility.  FERC Investigation.  Taking the story nationally is good if we
have the facts from CA.

Who will deliver the message?  My answer - Everyone on the Enron team needs
to have the same message all of the time.  We can't let any opportunity pass
us by.

Do we demonize the utilities?  My answer - if necessary; we just need to make
sure that we have as many facts to prove our points if we do attack.

How do we prove that "rolling back" to regulation is ridiculous?  My answer -
retain LEGC to develop the hypothetical of what would have happened?  NEEDS
TO BE DISCUSSED INTERNALLY - LEGC MAY NOT BE THAT FRIENDLY.

Next Steps:  Jeff Dasovich needs to put out first cut based on our earlier
notes and any incremental information from our analysis teams (e.g., TCA,
McNally / Temple).

Thanks,

Jim


Start Date: 4/3/01; HourAhead hour: 15;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in SC Trades schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040315.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 15 / Preferred:  20.00 / Final:  22.77)
  TRANS_TYPE: FINAL
  SC_ID: TOSCO
  MKT_TYPE: 2
  TRANS_DATE: 4/3/01
  UNIT_ID: UNCHEM_1_UNIT

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 15 / Preferred: -462.00 / Final: -450.00)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/3/01
  TRADING_SC: NES1
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 15 / Preferred:   5.54 / Final:   4.55)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE2
  MKT_TYPE: 2
  TRANS_DATE: 4/3/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 15 / Preferred:  50.60 / Final:  42.39)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/3/01
  SC_ID: EPMI


---------------------- Forwarded by Chris Germany/HOU/ECT on 09/29/2000 10:50
AM ---------------------------

Chris Germany
09/29/2000 10:50 AM
To: Joann Collins/Corp/Enron@ENRON, Emily Allwardt/LON/ECT@ECT
cc: Victor Lamadrid/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT
Subject: CGAS k#65066

You guys may know this already.  This contract only has 1% fuel when you take
gas from Emporti to the VNG citygate.  k#65066, MDQ = 38,000

We can learn  more about this contract later.


Jason,

Can you please rebook Q80051 due to us having an Executed Master Agreement
with a different entity name and under ECC rather than ENA.

Please change buyer to AEC-OIL&GAS and seller to ECC.

Thanks,
Joe


broncos just need to keep griese out of the french quarter on saturday night


Guys, I understand that none of the facilities were available today - I
thought we were targeting 750 MW.  What is the updated availability schedule
for each unit?  We are only a couple of weeks from June 1.  Please advise.

Regards
Delainey


I am still planning to come over tomorrow at 9:30.  I can debrief you on the
hearing then or if you want to hear it now, give me a call.

Paul D. Flack
Clements, O'Neill, Pierce, Nickens & Wilson, L.L.P.
1000 Louisiana, Suite 1800
Houston, Texas  77002
(713) 654-7615
(713) 654-7690 (fax)
flack@copn.com

-----Original Message-----
From: Buy, Rick [mailto:Rick.Buy@ENRON.com]
Sent: Sunday, December 09, 2001 2:21 PM
To: Flack, Paul
Subject: RE: Meeting with Wilmer Cutler

My office is fine. We will still meet prior to that as scheduled I
presume. I also would like a debriefing on Friday's hearing. Thanks Rick
Buy

	-----Original Message-----
	From: Flack, Paul
	Sent: Sun 12/9/2001 2:08 PM
	To: Buy, Rick
	Cc:
	Subject: Meeting with Wilmer Cutler

	We will be meeting with Wilmer Cutler at 10:00 a.m. on 12/12/01.
I told
	them we could do it in your office, but if you would like to do
it somewhere
	else, just let me know.

	Paul D. Flack
	Clements, O'Neill, Pierce, Nickens & Wilson, L.L.P.
	1000 Louisiana, Suite 1800
	Houston, Texas  77002
	(713) 654-7615
	(713) 654-7690 (fax)
	flack@copn.com

	This e-mail and any attached files may be confidential and
subject to
	attorney/client privilege.  If you received it in error, please
immediately
	notify the sender by return e-mail or by calling (713)654-7600.

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

This e-mail and any attached files may be confidential and subject to
attorney/client privilege.  If you received it in error, please immediately
notify the sender by return e-mail or by calling (713)654-7600.


ROBERTS JR,MICHAEL A  has suggested reviewers and submitted them for your
approval.  You may review/modify this list of reviewers by logging on to PEP
at http://pep.corp.enron.com  and going to Supervisor Services.  Please
remember, no feedback can be completed on ROBERTS JR,MICHAEL A  until you
have approved the list.


Jeff:

Professor Howard Stevenson (Harvard Bus. Sch. - Entrepreneurship) will be in Houston on the 14th or 15th of June to discuss a new case study that HBS is preparing entitled "Modern Giants".  Professor Stevenson would like to feature Enron in the case and has requested a brief meeting with you followed up with lunch with any available HBS alumni.

I have attached an email from the HBS Director of Development who contacted me, which summarizes the proposed case and provides a bio on Professor Stevenson.  Are you interested in Enron's participation in the Case Study? and would you be available for a brief meeting with Professor Stevenson - and possibly lunch?

In my view, we need to refresh the Enron story being told through HBS Case Studies.  The Dabhol Power Case (still being used) is dated and does not reflect our business strategy.  I have asked HBS to contact your office directly to check your availability.

Regards,
Brian

 -----Original Message-----
From: 	Josh Merrow  [mailto:jmerrow@hbs.edu]
Sent:	Wednesday, April 11, 2001 3:57 PM
To:	brian.redmond
Subject:	Howard Stevenson in Houston

Brian,

It was good to meet you last week in Houston.  Thanks for taking the time
to see me and for giving me an overview of Enron, our alumni there, and
what you are up to.  I'm glad the recruiting seems to have gone well for
you this year.

Thank you, also, for helping us put together a group of our alumni at Enron
during Howard Stevenson's trip in June.  Howard will be in town June 13th -
15th.  Would it be possible to arrange a lunch at Enron on Thursday June
14th or Friday June 15th? Ideally, it would be great to give Howard and
Jeff Skilling the chance to meet together first, say at 11:00 or 11:30,
followed by lunch with our alumni.

I've attached Howard's bio, as well as the electronic version of the Modern
Giants proposal as promised.  In addition, I will fax you a list of HBS
alumni at Enron. Howard would be glad to discuss a wide range of HBS
matters, including the Modern Giants project.  If the lunches on these
dates do not work, let me know and hopefully we can work out an alternative.

  Many thanks, Brian.  I'll follow up with you some time next week, but
feel free to call me any time.

Cheers,
Josh

http://dor.hbs.edu/fi_redirect.jhtml?facInfo=bio&facEmId=hstevenson

 - Moder Giant Prop_1_00.doc
Joshua B. Merrow
Assoc. Director, Development
Harvard Business School
617-495-6751


I will be there at 8:40 on Monday -- not a word until then...


<TITLE>Gas Indices - IntercontentalExchange</TITLE>

IntercontinentalExchange

Firm Physical Natural Gas Price Bulletin

For Natural Gas Delivered on Thursday, November  22, 2001 thru Monday, November  26, 2001

(Trade Date of Wednesday, November  21, 2001)

Click here to access index history.

* volume represents sell-side only *

 Region
    Hub	High
Low
Wtd Avg Index
Change ($)
Vol (mmBtu)

Hub Name

LOUISIANA

    <NOBR>ANR SE	          $2.0100	          $1.6000	          $1.8645	-    .7481	       1,068,000	American Natural Resources Pipeline Co. - SE  Transmission Pool

    <NOBR>Columbia Onshore	          $2.0600	          $1.6300	          $1.8317	-    .6560	       1,342,500	Columbia Gulf Transmission Co. - Onshore Pool

    <NOBR>Henry Hub	          $2.2450	          $1.6700	          $1.9115	-    .7065	       5,318,000	Henry Hub tailgate - Louisiana

    <NOBR>NGPL LA	          $1.9800	          $1.6300	          $1.8028	-    .7152	         935,500	Natural Gas Pipeline Co. of America, Louisiana Pool

    <NOBR>Tenn 500L	          $1.8800	          $1.6025	          $1.7718	-    .7577	         603,000	Tennessee Gas Pipeline Co.-Zone L, 500 Leg Pool

    <NOBR>Tenn 800L	          $1.9100	          $1.6000	          $1.8127	-    .6713	         775,500	Tennessee Gas Pipeline Co.-Zone L, 800 Leg Pool

    <NOBR>TETCO ELA	          $2.1700	          $1.6300	          $1.8862	-    .7131	         610,000	Texas Eastern - East LA

    <NOBR>TETCO WLA	          $2.0000	          $1.6100	          $1.7888	-    .8088	         946,000	Texas Eastern - West LA

    <NOBR>Transco 65	          $2.1100	          $1.7200	          $1.9390	-    .7366	       1,040,500	Transco - Station 65

    <NOBR>Trunkline ELA	          $1.9600	          $1.6000	          $1.8091	-    .7390	         369,500	Trunkline Gas Company - East Louisiana Pool

    <NOBR>TxGas SL	          $2.1500	          $1.6700	          $1.8971	-    .7273	         993,000	Texas Gas Transmission Corp.-Zone SL FT Pool

MIDCONTINENT

    <NOBR>MichCon, citygate	          $2.2500	          $2.0000	          $2.1075	-    .6977	         977,000	Michigan Consolidated

    <NOBR>NGPL Midcont	          $1.8400	          $1.5800	          $1.7032	-    .7773	         764,500	Natural Gas Pipeline Co. of America, Mid-Continent Pool

    <NOBR>NGPL Nicor, citygate	          $2.1650	          $1.7475	          $1.8816	-    .7266	       2,890,000	Natural Gas Pipeline Co. of America, Nicor Citygate

    <NOBR>NGPL NIPSCO, citygate	          $2.0850	          $1.7900	          $1.8770	-    .8610	         450,000	Natural Gas Pipeline Co. of America, Nipsco Citygate

    <NOBR>NNG Demarcation	          $1.9700	          $1.6700	          $1.7476	-    .7355	         907,500	Northern Natural Gas, Demarcation Pool

NORTHEAST

    <NOBR>Columbia TCO	          $2.1000	          $1.6800	          $1.9483	-    .7804	         772,500	Columbia Gas Co. - TCO Pool

    <NOBR>Dominion So.Point	          $2.3800	          $1.8400	          $2.1367	-    .7606	         997,000	Dominion - South Point

    <NOBR>TETCO M3	          $2.3100	          $1.9200	          $2.1651	-    .8869	         831,500	Texas Eastern - M3 Zone

    <NOBR>Transco Z-6 (NY)	          $2.4700	          $2.1500	          $2.3261	-    .9184	         725,500	Transcontinental Gas Pipe Line Corp. - Zone 6 (NY)

WEST

    <NOBR>El Paso non-Bondad	          $1.6500	          $1.3200	          $1.4438	-    .9084	       1,081,500	El Paso - San Juan Basin, Blanco Pool

    Huntingdon/Sumas	          $1.9000	          $1.5000	          $1.6757	-    .7201	         732,000	Westcoast Energy & Northwest Pipeline Corp.

    <NOBR>Opal	          $1.6300	          $1.3200	          $1.4566	-    .7948	       1,024,000	Opal

    <NOBR>PG&E Citygate	          $1.8500	          $1.6000	          $1.7012	-    .8513	         980,000	PG&E - Citygate

    SoCal Border	          $1.8200	          $1.4500	          $1.5886	-    .9707	       1,145,000	Southern California Border Points (Ehrenberg,Topock,Needles)

WEST TEXAS

    <NOBR>El Paso - Keystone	          $1.8500	          $1.4500	          $1.5963	-    .8563	       2,508,500	El Paso - Keystone Pool

    <NOBR>Waha	          $1.9000	          $1.5500	          $1.6598	-    .8520	       1,445,000	Waha Hub - West Texas

Includes all firm physical fixed price trades done from 7 AM to 11:30 AM Central Prevailing Time on the trade date specified for natural gas delivered on the specified date(s).

IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.

In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.    Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.

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To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com.

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©Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


Dan,

When we originally discussed a physical gas contract with SMUD, I mentioned
that we had sent them a contract in the past.  That is why I asked if we
could incorporate some of the language from their long term contract in order
to appear to be working with them.  Also, I was under the impression that you
were working with Shari to incorporate applicable language from the
agreements that we have come to terms with them on.  So, I guess using the
standard agreement, which is not what I requested, might have been a waste of
your time.

I understand that their contract language might be lacking and I didn't
expect to use their contract in full.  ( He indicated that SMUD used language
from one of Enron's old contracts?).  If you say that we can't use any of
their language - that's fine too.   It just seems as though you sent a
standard form without considering my requests.  I also need to be informed of
the reasons we can't use any of their language so I can discuss this with
them.  SMUD is one of the customers we have already missed opportunities with
and if we can appear to work with them - it would be to our benefit.  Legal,
as well as credit, is considered to be a part of the team that helps build
these customer relationships.  I hope we can work with them on this agreement.

Thanks,

Kim

Dan J Hyvl
03/13/2001 05:39 AM
To: Kim Ward/HOU/ECT@ECT
cc:
Subject: RE:

Kim,
 What is meant by a "new review of this agreement"?  Have they reviewed the
master previously?  If so, I have been wasting my time inserting the credit
requirements into the standard agreement?
 I have reviewed the contract form that they provided and it is lacking in
numerous areas.  I think it is a form they put together for use with a
Canadian producer.  The remedy for a default is determined by the sales or
purchase price that the other party can negotiate, as such ENA cannot comply
because we do not allow anyone the ability to review our contracts with other
parties.  The form also has no credit provisions, no limitation of liability
provisions, no acceleration provisions in the event of default, etc.
Additionally, a transaction can only be done by signing a confirm, and if not
signed, no agreement.
 Let's discuss where we go from here.

	Kim Ward
	03/12/2001 05:17 PM

		 To: Dan Hyvl
		 cc:
		 Subject: RE:

Dan,

This was the reaction that I just got from SMUD.  I am assuming that we
didn't incorporate any of their language, which is fine.  It would just be a
point of discussion if I could point out that we were working with their
language.

Thanks,

Kim
---------------------- Forwarded by Kim Ward/HOU/ECT on 03/12/2001 05:14 PM
---------------------------

Calvin Miller <cmiller@smud.org> on 03/12/2001 03:15:47 PM
To: "'Kim.Ward@enron.com'" <Kim.Ward@enron.com>
cc:
Subject: RE:

Kim-

I received your e-mail.  I did not know that you were sending "your Master
Agreement".  I'm not sure as to when I will be able to give a "new" review
of this agreement.

Calvin

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Monday, March 12, 2001 2:32 PM
To: cmiller@smud.org
Subject:

Calvin,

     Attached is a draft copy of our Master Firm Physical Gas Agreement.
Please let me know what I can do to help facilitate the process required to
get this in place.

Thanks,

Kim

(See attached file: SMUD_enfolio_draft1_Mar_12.doc)


Can you please also get Angela Davis, another new attorney in our Group, edit
access to the Financial Trading Agreement database.  Thanks!


Any GCP adjustments will be made in red.

Bernice
x37972

From: Walter Guidroz/ENRON@enronXgate on 04/13/2001 10:56 AM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom
Moran/ENRON@enronXgate, Claudia Clark/HOU/ECT@ECT, William S
Bradford/ENRON@enronXgate, Lisa Lees/HOU/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ECT, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Amy Heffernan/Enron Communications@Enron Communications,
Molly LaFuze/Enron Communications@Enron Communications, Danny Clark/Enron
Communications@Enron Communications, Stephanie Panus/NA/Enron@Enron,
Mandola@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=BCBC586C-1D5A658C-862568C
D-532EF3@EX@enronXgate,
Kyle@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=97746094-1B0A69C0-86256945-5
803A9@EX@enronXgate
cc:
Subject: EOL approvals, 04-13-01

Please see attached.


Stinson,

This is the request I got from RISK.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/10/99
01:11 PM ---------------------------

"Helen Evans" <helen@risk.co.uk> on 12/06/99 10:29:39 AM
Please respond to "Helen Evans" <helen@risk.co.uk>
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: New EPRM Speakers

Vince,

I'm currently looking to broaden EPRM's speaker base and would like to find a
speaker for a training course I am producing on the Monte Carlo technique. I
was wondering if you might be able to recommend somebody new from Enron who
might like to speak on this subject. I'd really appreciate any help you could
give me.

Many Thanks

Helen Evans
Producer, EPRM Conferences & Courses
 - att1.htm


No problem weather observations don't know national boundaries. In fact ENA
has already done an OTC Australian weather trade. Clearly the GTCs will need
to be converted into an ENA form.

From: Tana Jones@ECT on 23-08-2000 03:15 CDT
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Viverito/Corp/Enron@Enron
cc: Mark Taylor/HOU/ECT@ECT

Subject: Japanese & Australian Products

You both may already by aware of this, but the online team has contacted me
and it is their desire to have the Japanese & Australian products also
offered out of the U.S. by Enron North America.  They would continue to be
offered by their current companies, "Enron Australia" and "EnronJapan", but
they want the products sold "24 hours a day" and I guess to do this they
would be offered also by Enron North America.  Do you see any legal issues
from your side with a your Japanese or Australia products being offered by
Enron North America too?


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May 9, 2001

Peace Software and IBM Sign Customer
Management Deal with Xcel Energy

By Will McNamara
Director, Electric Industry Analysis

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IssueAlerts LIVE FROM THE CIS CONFERENCE NEXT WEEK

Next week I will be attending the 25th Annual CIS conference in  Albuquerque,
N.M. On Wednesday, Thursday and Friday, I will be writing  SCIENTECH's daily
IssueAlert directly from the floor of the conference,  providing you with the
latest news and analysis about emerging technologies  in the energy industry.
Key issues to be addressed at the conference  include CIS / CRM activities,
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Each day at the conference I will  select the most important issue of the day
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from IssueAlert. So even if  you can't attend the conference, you can still
participate in the dialogue  and information exchange. --Will McNamara

Peace Software announced that it will join with IBM Global Services to
deliver large-scale and advanced technology solutions to utility and retail
energy companies operating in regulated and deregulated markets. Using
"state-of-the-art and proven approaches," IBM Global Services and Peace
Software will plan, develop, test, and deliver customer-specific
implementations of Peace's Energy suite. Services will span the life cycle of
an installation from rapid deployment through production site enhancement and
maintenance. Peace and IBM have secured a contract to provide full customer
management services for Xcel Energy, which expands upon a strategic alliance
that has already existed between the utility and IBM.

Analysis: Both Peace Software and IBM have been aggressively pursuing the
same customer management space for some time. The fact that the two companies
have now come together to combine their unique skill sets establishes a
strong competitive force in this fast-growing arena, which can include
outsourced billing, meter reading, data collection, customer care, CRM, and
CIS systems. IBM Global Services, as an information technology services
provider, brings an operational and management capability for back-office
requirements. In turn, Peace Software provides a unique suite of billing and
customer data software that many utilities are purchasing as they move from
legacy systems to more flexible solutions.

As noted, Peace Software and IBM Global Services immediately followed the
announcement of their partnership with a new multi-million, five-year
contract with Minneapolis, Minn.-based Xcel Energy. Under the contract, the
two companies will implement Peace's Energy suite to support Xcel's 3.5
million regulated and deregulated electricity and gas customers located in 11
Western and Midwestern states. In addition, the Peace suite will be used to
support Xcel Energy's participation in Texas' deregulation pilot program,
which begins in June. The project will replace Xcel Energy's mainframe and
client / server legacy system. The implementation plan for Xcel Energy
includes all customer management, commodity billing and Internet components
that are offered in the Peace Energy software.

The contract with Xcel expands upon an already-established alliance between
IBM and the utility that dates back to 1995 (IBM originally contracted with
Public Service Co. of Colorado, an early predecessor to Xcel Energy). Under
the $400 million, 11-year alliance, IBM has provided data-center operations
and disaster recovery for Xcel Energy, including networking, help desk, PC
and LAN support, distributed services support, and application development
and maintenance services. Through the agreement, Xcel Energy awarded IBM
"preferred provider status," making IBM the vendor of choice for any IT
products and services that the utility may need.

In this next phase of the partnership with Xcel, IBM appears to be moving the
focus on a mainframe and client-server system to a packaged product for Peace
Software. This is a major step for Xcel, as many utilities still retain
internal control over their own applications and are reticent to outsource
these functions to an outside company. In addition, this is a huge deal for
Peace and IBM as they may be planning to eventually extend the platform
beyond the partnership with Xcel.

In fact, Xcel Energy is just the latest in a growing list of competitive
utilities and energy companies that have outsourced or replaced their billing
/ customer care needs. In competitive markets, a prerequisite for the
continued growth of an energy company or utility is a comprehensive billing
software system that can handle the complexities of an unbundled environment,
which is where the value of Peace Software comes in. Most competitive retail
providers realize that they must be able to provide customers with online
energy usage and billing data on a 24/7 basis. Further, as competitive energy
providers operate in different states, it is important that they eliminate
the different automated and manual processes that are common in legacy
systems. This can result in a real cost savings for an energy company as it
can eliminate back-office functions such as taking calls for final reads and
address changes, all of which can be handled directly by the customer through
online software.

An energy company basically has two options with regard to billing / customer
care solutions. The first option is for the energy company to purchase the
billing software directly from a software provider such as Peace and manage
its own billing needs. The second option is to completely outsource the
entire billing / customer care services to a company such as IBM Global
Services. By joining forces, Peace Software and IBM are anticipating that
energy companies will be inclined to not only select the Peace software, but
also opt to use IBM Global Services' implementation and management services.

Peace's Energy software, which reportedly is being rapidly deployed in 20
transitioning energy markets around the world, is designed to provide several
self-serve features, including customer enrollment, summary billing, more
flexible due dates and electronic payment options. The Energy suite was
developed for retail energy companies and is capable of handling many
functions required by retailers, from enrollment and registration to billing
to settlement and load forecasting. The last two features are particularly
noteworthy as, up to this point, they have been rarely found in billing
software. Many systems in the United States today are building this
competency or are "bolting on" the technology; Peace already offers it in an
integrated tool.

Peace's Energy Version 6 software, which was released in December 2000, is
billed as the first e-business solution to integrate customer and commodity
management. The upgraded features of Energy Version 6 include B2C e-commerce
functions, an advanced third-generation browser user interface (BUI),
enhanced billing capabilities and expanded industry-standard support for the
Oracle 8i database system. The result of these technical improvements,
according to Peace, is a "capability to exploit the latest Web browser
technologies to support and streamline large scale, mission-critical customer
service operations." Further, the Energy software is centered around the UNIX
operating system and thus can be moved and upgraded from one hardware
platform to another. The Energy software can accommodate billing services
around natural gas, electricity, water, home security, and home mortgaging.
The end result is that an energy service provider can group all of its
services into one bill stating one cost, which is a market edge against
competitors that only provide multiple billing.

On its own, Peace Software has become a dominant player in the energy billing
software market, offering its "one-stop-shop" billing tool to a variety of
utilities and energy companies. Peace boasts customers such as AEP,
MidAmerican Energy, Enron, BC Gas, Dominion Retail, Nordic Electric, Exelon
Energy, and Pepco Services. Peace has also entered the Canadian gas market by
implementing its Energy suite at BC Gas, headquartered in Vancouver. The
company is based in Miami and maintains a large presence in its country of
origin, New Zealand, the first country to deregulate its electric utility
market.

The company has used strategic partnerships as one method of growing its
business. Prior to this partnership with IBM Global Services, Peace Software
announced in early April an alliance with Exolink, a provider of retail
energy business process integration services. Under this partnership, Peace
and Exolink are marketing a platform for energy retailers in both regulated
and unregulated markets in which customer data can be shared in and out of
multiple markets. Peace also just signed a contract with Delinea, a vertical
services provider, in which Delinea has licensed Peace's Energy software as a
customer management application targeted at mid-sized utilities.

However, the billing / customer care market is arguably one of the most
competitive businesses to have emerged from electric deregulation.
Consequently, the list of competitors that Peace Software and IBM Global
Services face grows literally every month. I cannot list all of the
competitors here, but a few are worth mentioning as they have grown at a
similar pace to Peace and IBM. Such competitors include Alliance Data Systems
(ADS), ConneXt, Enlogix, Excelergy, Itron's MV-PBS, LODESTAR, Orcom
Solutions, SCT Banner, SPL Worldgroup, and US Power Solutions. Some of these
companies offer just the software solution, which is licensed to utilities or
energy companies, while others serve as the outsourced management company
that implements the software package. The partnership between Peace Software
and IBM Global Services runs parallel to similar partnerships between ADS /
Excelergy and Enlogix / SCT software.

Currently, SCIENTECH is witnessing a trend away from large license-only
agreements and into Strategic Sourcing agreements. In the customer care field
today, Enlogix is the largest application service provider with over 3
million end customers in production today. Orcom is the second largest, with
over 1 million "live" customers. Realistically, it will be about two years
before Peace and IBM are able to fully migrate all of Xcel's 3.5 million
customers to the Peace software. However, if this transition materializes, it
could represent the largest outsourced customer care contract to date.

An archive list of previous IssueAlerts is available at
www.scientech.com

Reach thousands of utility analysts and decision makers every day. Your
company can schedule a sponsorship of IssueAlert by contacting Nancy Spring
via e-mail or calling (505)244-7613. Advertising opportunities are also
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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
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free,  daily IssueAlerts, please reply to this email and include  their full
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If you no longer wish to receive this daily email, send a message to
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SCIENTECH's IssueAlerts(SM) are compiled based on the  independent analysis
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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 IssueAlerts 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.


The report named Violation/Notification Memo, published 10/16/2001 is now available for viewing on the website.

http://erv.corp.enron.com


i have stronger will than you think. house of pies here i come.

 -----Original Message-----
From: 	Erin Richardson <erichardson@sarofim.com>@ENRON
Sent:	Thursday, November 08, 2001 9:08 AM
To:	Lenhart, Matthew
Subject:	RE:

i am sure i could have persuaded you to give me some action.  why is enron
blowing up?

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Thursday, November 08, 2001 8:53 AM
To: erichardson@sarofim.com
Subject: RE:

i didn't want you to go.  i was just going to sleep anyway.  i was too
tired to give you any action.  enron is blowing up.

    -----Original Message-----
   From:   Erin Richardson <erichardson@sarofim.com>@ENRON
   Sent:   Thursday, November 08, 2001 8:43 AM
   To:     Lenhart, Matthew
   Subject:  RE:

   stop trying to make me feel bad, it's not working,  i left b/c you
   wanted me
   to leave.

   -----Original Message-----
   From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
   Sent: Thursday, November 08, 2001 8:27 AM
   To: erichardson@sarofim.com
   Subject: RE:

   can't believe you left last night.

       -----Original Message-----
      From:   Erin Richardson <erichardson@sarofim.com>@ENRON
      Sent:   Wednesday, November 07, 2001 4:50 PM
      To:     Lenhart, Matthew
      Subject:  RE:

      nice sarcasm.  that's fine, i don't want to see you either, i just
   need
      to
      make a cd.

      -----Original Message-----
      From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
      Sent: Wednesday, November 07, 2001 4:42 PM
      To: erichardson@sarofim.com
      Subject: RE:

      i can't wait

          -----Original Message-----
         From:   Erin Richardson <erichardson@sarofim.com>@ENRON
         Sent:   Wednesday, November 07, 2001 4:29 PM
         To:     Lenhart, Matthew
         Subject:  RE:

         i'll just come over betw. 7:30 and 8 then.  remember, you're
   supposed
      to
         be
         getting excited.

         -----Original Message-----
         From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
         Sent: Wednesday, November 07, 2001 3:55 PM
         To: erichardson@sarofim.com
         Subject: RE:

         7:30 or 8.  i don't care when.

             -----Original Message-----
            From:   Erin Richardson <erichardson@sarofim.com>@ENRON
            Sent:   Wednesday, November 07, 2001 3:14 PM
            To:     Lenhart, Matthew
            Subject:  RE:

            you never told me when to come over.  so what time?

            -----Original Message-----
            From: Matthew.Lenhart@enron.com
   [mailto:Matthew.Lenhart@enron.com]
            Sent: Wednesday, November 07, 2001 12:33 PM
            To: erichardson@sarofim.com
            Subject: RE:

            ok sweet baby

                -----Original Message-----
               From:   Erin Richardson <erichardson@sarofim.com>@ENRON
               Sent:   Wednesday, November 07, 2001 12:29 PM
               To:     Lenhart, Matthew
               Subject:  RE:

               yeah, just charge whatever you need to.  i'll give you one
   of
      my
            credit
               cards for you to use whenever you want to also.  i'll have
   to
         think
               about
               what i want you to do.  i'll let you know.

               -----Original Message-----
               From: Matthew.Lenhart@enron.com
      [mailto:Matthew.Lenhart@enron.com]
               Sent: Wednesday, November 07, 2001 12:27 PM
               To: erichardson@sarofim.com
               Subject: RE:

               can i just charge the spa to your account?  so now that i am
      your
         boy
               toy
               what do you want me to do?

                   -----Original Message-----
                  From:   Erin Richardson <erichardson@sarofim.com>@ENRON
                  Sent:   Wednesday, November 07, 2001 12:21 PM
                  To:     Lenhart, Matthew
                  Subject:  RE:

                  alright, just called and you're all set up at the
   houstonian
      so
            you
               can
                  go
                  out there whenever you want to.   just let me know if
      there's
               anything
                  else
                  i can get for you.

                  -----Original Message-----
                  From: Matthew.Lenhart@enron.com
         [mailto:Matthew.Lenhart@enron.com]
                  Sent: Wednesday, November 07, 2001 11:57 AM
                  To: erichardson@sarofim.com
                  Subject: RE:

                  yeah.  just go ahead and do that.  how about the
   houstonian?
            youre
               the
                  best.

                      -----Original Message-----
                     From:   Erin Richardson <erichardson@sarofim.com>
   @ENRON
                     Sent:   Wednesday, November 07, 2001 11:43 AM
                     To:     Lenhart, Matthew
                     Subject:  RE:

                     no problem.  instead of a golf allowance though, i
   think
         i'll
            just
                  get
                     you a
                     membership somewhere.  wouldn't that be better?  just
   let
      me
            know
               so
                  i
                     can
                     arrange it.

                     -----Original Message-----
                     From: Matthew.Lenhart@enron.com
            [mailto:Matthew.Lenhart@enron.com]
                     Sent: Wednesday, November 07, 2001 11:25 AM
                     To: erichardson@sarofim.com
                     Subject: RE:

                     sweet.  i need a golf allowance then.   i can drink
   beer
         every
               night
                  and
                     golf all day while you work.  that would be so sweet
   of
      you.
         i
               cant
                     wait
                     to do that.

                         -----Original Message-----
                        From:   Erin Richardson <erichardson@sarofim.com>
      @ENRON
                        Sent:   Wednesday, November 07, 2001 11:05 AM
                        To:     Lenhart, Matthew
                        Subject:  RE:

                        you don't need to work at denny's.  you know, i
   make a
         lot
            of
                  money,
                        more
                        than i can spend, so there's really no reason why
   you
         can't
               just
                  live
                        off of
                        my salary for a while.  shouldn't be a problem, i
      usually
            just
                  give
                     half
                        of
                        it away to charity anyway.

                        -----Original Message-----
                        From: Lenhart, Matthew
      [mailto:Matthew.Lenhart@ENRON.com]
                        Sent: Wednesday, November 07, 2001 10:55 AM
                        To: erichardson@sarofim.com
                        Subject:

                        looks like i am going to work at denny's. stock is
      down
            about
                  another
                        2.50.

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

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


FYI,
mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 06/05/2000
07:24 AM ---------------------------

Sanjiv_Sidhu@i2.com on 06/01/2000 05:31:48 PM
To: mike.mcconnell@enron.com
cc: Sheryl_Campbell@i2.com
Subject: Action items

Mike:

Thanks for taking the time to visit with me.  By way of follow-up, I would
like to confirm my understanding of the action items.

   Sheryl will coordinate with Cathy to arrange for a dinner meeting with
   you and the executive team of Enron Networks
   Steve Morse will contact you in the near future to coordinate meetings
   to discuss how Enron Networks can leverage i2 technology, domain
   expertise and intellectual capital  to gain competitive advantage in
   your choosen marketplaces
   Steve Morse will coordinate a meeting with Enron Broadband, Enron
   Networks and i2 to explore opportunities to go to market together
   leveraging our respective strengths

Mike, I want to reinforce i2's commitment to Enron and our desire to move
forward as a strategic partner.  Thanks for your time and consideration.

Regards,
Sanjiv


I am following up with MS but I haven't received your answer.  Will advise
when I hear back.  SS

To: Sara Shackleton@ECT
cc:
Subject: Re: Millenium ADR(s)

Do you have any reason to think that Morgan Stanley would not be willing to
hold physical Millenium securities as part of their brokerage services they
provide for trading in the Millenium stock or do you know if Enron actually
prefers to hold physical securities in some particular place?
---------------------- Forwarded by Robert H George/ENRON_DEVELOPMENT on
01/18/2000 11:10 AM ---------------------------

Bruce Harris
01/18/2000 08:05 AM
To: Robert H George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Pedro Henrique Oliveira/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Millenium ADR(s)

If MS can do it thats great.  Is there any problem per MS with the parent
CayCo receiving the ADRs and holding them in its sub-account on behalf of
PEP?  Perhaps Sara could inquire.  These are physical certifciates (if issued
as restricted) so I don't know if the MS account is set up for physical
custody or whether we need to prepare some additional documentation.

Regards,  Bruce

	Enron International

	From:  Robert H George                           01/17/2000 04:43 PM

To: Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pedro Henrique
Oliveira/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Millenium ADR(s)

BONY has asked us to send them a letter instructing them to issue the ADR(s)
and specifying where and to whom to deliver the certificates.  I will prepare
the instruction letter, but I am assuming that we want someone at Morgan
Stanley to take actual possession of the certificates.  In any event, I need
someone to tell me where the certificates should land and give me a physical
address for  the certificates.


i was just thinking i should invite you to come over tonight.  wanna come?

 -----Original Message-----
From: 	"White, J. (Jennifer)" <Jennifer.White@OceanEnergy.com>@ENRON
Sent:	Tuesday, November 06, 2001 1:55 PM
To:	Arnold, John
Subject:	cheer up...

I just know you could use a vacation.  Is there any chance I could talk you
into going to Miami the weekend after Thanksgiving?  It's guaranteed to be a
good time.

I plan to be home tonight, and it would be NICE to hear from you.
Jen

-----Original Message-----
From: Jennifer Brugh [mailto:jmb@triadresources.com]
Sent: Monday, November 05, 2001 3:11 PM
To: Jennifer Brugh (E-mail)
Subject: SSHHHHH

Hi everyone,

Here is the scoop....it's Paula's birthday on December 1 and we are
celebrating South Beach style and would love to have you all there to
celebrate with us!!

Let me know if you can make it and keep this a secret!

Jenn

The information contained in this communication is confidential and
proprietary information intended only for the individual or entity to whom
it is addressed.  Any unauthorized use, distribution, copying, or disclosure
of this communication is strictly prohibited.  If you have received this
communication in error, please contact the sender immediately.  If you
believe this communication is inappropriate or offensive, please contact
Ocean Energy`s Human Resources Department.


----- Forwarded by Rob Walls/NA/Enron on 01/12/2001 04:09 PM -----

	Allen W Ueckert
	01/02/2001 02:11 PM

		 To: Rob Walls/NA/Enron@Enron
		 cc: Kent Castleman
		 Subject: ECI Payment Summary

Rob - attached is a summary of the payments we have paid to ECI, per our
accounting records.  If you need the back-up for these numbers, let me know
and I can forward this to you.

Let us know if you have any questions.

Allen

---------------------- Forwarded by Allen W Ueckert/NA/Enron on 01/02/2001
02:03 PM ---------------------------

Thach C Phan
01/02/2001 01:46 PM
To: Allen W Ueckert/NA/Enron@Enron
cc:

Subject: ECI Payment Summary

Allen,
Attached is the ECI Payment Summary file.
Thach


Jason,

Please, give me a call at 713 853 3848 and we can meet for coffee.

Vince

 -----Original Message-----
From: 	Jennaro, Jason
Sent:	Tuesday, January 22, 2002 1:25 PM
To:	Kaminski, Vince J
Subject:	Advice

Vince,

I have never had a chance to formally meet you but many people have said that you would be a wonderful person to talk to seek advice from.  I have a couple of directions that I am considering for careers right now (in risk management) and it would mean a lot to me to be able to sit down with you for a little bit to get your perspective.  Is there anyway I could buy you coffee or lunch sometime over the week or so?

Thanks,
Jason Jennaro


<<2R6KRED.DOC>>  <<2R6LRED.DOC>>  <<2rm302!.DOC>>  <<2RQB01!.DOC>>

We have enclosed the following documents for your review:

 1.  Revised draft of the Liability Company Agreement of CA Energy
Development I, LLC, marked to reflect revisions from the draft circulated on
12-01-2000;

 2.  Revised draft of the Letter Agreement for CA Energy Development
I, LLC, marked to reflect revisions from the draft circulated by Fulbright
and Jaworski on 12-07-2000;

 3.  Revised draft of the Letter Agreement for CA Energy Development
II, LLC, which is identical to the enclosed Letter Agreement for CA Energy
Development I, LLC; and

 4.  Revised draft of the Letter Agreement for CA Energy Development
II, LLC pertaining to the transformer, marked to reflect revisions from the
enclosed Letter Agreement for CA Energy Development I, LLC.

 Please advise of any further comments.  Thank you.

Carolyn M. Campbell
King &  Spalding LLC
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - 2R6KRED.DOC
 - 2R6LRED.DOC
 - 2rm302!.DOC
 - 2RQB01!.DOC


Shari:

I need your thoughts on 2 things:

We have done another trade with this counterparty on the Omnibus form and
Jaryd informed me that as part of the first trade, we agreed to some
modifications to our Annex A.  Do you remember what those modifications
were?  Also, we are now using our new form of Annex A.  How do you think that
this counterparty will react to getting a new form?  I loook forward to
hearing from you.

Carol


Jim,

We need to advise the Executive Committee members that the November 2
meeting is canceled so they can free next Friday up on their calendars.

Shall I send the memo below (after you've added the dates you propose
and made any other modifications you wish), or would you rather I
contact them myself and simply tell them to stand by for more
information?

Thanks.

David

  _____

TO: The Executive Committee of the Institute for Law and Technology

FROM: James V. Derrick, Jr., Chair

RE: Our Inaugural Meeting

Due to conflicts in several of our members' schedules, I have determined
to re-schedule our inaugural meeting from November 2 to a later date. I
hope this does not greatly inconvenience those of you who have already
made your plans to attend on the 2nd.

Rather than simply announcing the new date, I'd like to try to find a
date suitable for all members. Please advise David Winn (
<mailto:(dwinn@swlegal.org> dwinn@swlegal.org or 972-664-3488) of your
availability on the following dates for our meeting in Dallas - as we
originally planned, we will begin with a working lunch at 12:00 p.m.
followed by drinks and an early dinner afterwards:

a) ____________

b) ____________

c) ____________

d) ____________

After reviewing your responses, we'll promptly schedule our meeting for
the date most convenient to the greatest number of committee members and
notify you of the new date.

Please pardon this change in plans. I do think it is important that we
have a full attendance as we chart our course for our first year, and
I'm looking forward to getting on with our work.


FYI--

CES changes  effectie 3/15/01:

Lonestar
From 5,978 to 4,500 total receipt
delivered to HPL/Katy 4,477 after fuel

Midcon (KinderMorgan)
From 7,332 to 6,584 total receipt
change to Greta/Toc  #5553


On Wednesday, October 25, at approximately 7 p.m. CST, you may have received
e-mail messages which appear to have been sent from Andrew Wu/HOU/EES.  These
e-mails were generated as the result of an erroneous messaging agent which
originated on the EES mail system.  The overall effect of the messaging agent
allowed the "auto-reply" of all messages within Andrew Wu's mail file, many
which included the Global Distribution group of "Enron Worldwide".  The Enron
Global Messaging group alerted EES Mail Administration to the event and were
successful in disabling the "auto-reply" agent rather quickly, however,
numerous mail messages had already been delivered to your server mailbox.  If
you received any of these messages, please delete them and do not reply back
to Andrew Wu regarding the receipt of the messages.

We apologize for the inconvenience that this may have caused you and will
strive to ensure that a similar incident does not occur in the future.

Thanks,
Enron Global Messaging Team


See comments therein.

 -----Original Message-----
From:  Mann, Kay
Sent: Friday, June 01, 2001 2:01 PM
To: Fleenor, William
Subject: Deerfield development agreement

Hi Billy,

Can you take a look at this since the Hermanator is out?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/01/2001 02:00
PM ---------------------------

Kay Mann
05/31/2001 06:48 PM
To: Lisa Bills/Enron@EnronXGate, Herman Manis/Enron@EnronXGate, Roseann
Engeldorf/Enron@EnronXGate
cc: Ben Jacoby/Enron@EnronXGate, Steven Krimsky/Enron@EnronXGate

Subject: Deerfield development agreement

Hello.

The commercial team  has asked that I forward this document to you for
review.  It is a development agreement for a project in Florida.  We have
attempted to address the accounting/E-Next issues, but please advise of any
desired changes.

Thank you,

Kay

 << File: Deerfield development ag May 31.DOC >>

PS  Pardon the formatting.  It will be cleaned up by those with the ability
to do so.


Hello Everyone ,

We are nearing the time to get the baskets and other  Christmas tokens sent
out.
As in every year , we do take the time to send tokens of appreciation
for services rendered ,  or share the Christmas sprit with those we feel
worthty.
Here is the list that I have already , Approved by Vince.

If there are any additions please inform me A.S.A.P.

The Deadline is December 12th , as I will be meeting with the
owner of Floral Events to confirm the order and treat him to
lunch for all the great work he has provided for me.

                                     Thanks
                                 Kevin Moore

Please note : I will be out on Vacation and all orders will already have been
placed
with the delivery date on December 19th. the day of my return,
therefore if any problems occur I will have enough time to solve them.


Notice No. CMS-26
February 27, 2002

COMMODITY EXCHANGE, INC.

NOTICE OF INTENTION TO TRANSFER MEMBERSHIP

Notice of Intention to Transfer Membership has been posted on the bulletin
board of the Exchange by:

Robert F. DeVellis (BOB-305)

And

Steven Kanter (SMK-7520)

In connection therewith, notification of any claims against the
aforementioned individual arising out of transactions executed on the
Exchange up to the close of business on February 27, 2002, must be submitted
to the Corporate Secretary's Office within ten (10) days.

Notice of Intention to Transfer Membership has been posted on the bulletin
board of the Exchange by:

Edward Orenchuk (ORE-7509)

In connection therewith, notification of any claims against the
aforementioned individual arising out of transactions executed on the
Exchange up to the close of business on February 26, 2002, must be submitted
to the Corporate Secretary's Office within ten (10) days.

Inquiries regarding the above should be directed to the Member Services
Department at (212) 299-2377.


vkamins@enron.com, To unsubscribe send a blank mailto:leave-enerfaxtext-16362929Y@relay.netatlantic.com

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| Agua Dulce              | 2.24  |
| ANR SE                  | 2.32  |
| Carthage TG             | 2.30  |
| Chicago Citygate        | 2.38  |
| Columbia Gulf Onshore   | 2.36  |
| Dominion South Point    | 2.50  |
| Henry Hub               | 2.39  |
| Houston Ship Channel    | 2.37  |
| Katy Hub                | 2.31  |
| NGPL LA Pool            | 2.31  |
| NGPL - Midcontinent     | 2.24  |
| NGPL STX                | 2.26  |
| NGPL TX/OK              | 2.27  |
| NNG Demarc.             | 2.32  |
| Niagara                 | 2.58  |
| Sonat Tier 1            | 2.35  |
| TCO IPP Pool            | 2.49  |
| Tetco ELa               | 2.38  |
| Tetco M-3               | 2.84  |
| Tetco STX               | 2.26  |
| TGP Zone 0              | 2.27  |
| TGP Zone 1 (500 Leg)    | 2.32  |
| TGT Zone SL             | 2.37  |
| New York Citygate       | 2.98  |
| Transco Station 65      | 2.43  |
| Transco Zone 6 (NY)     | 2.99  |
| Trunk ELa               | 2.33  |
| Western Region
| California Border       | 2.29  |
| El Paso Keystone        | 2.19  |
| El Paso San Juan-Blanco | 2.18  |
| Waha Hub                | 2.24  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 3.02  |
| Dawn Hub/Union          | 2.39  |
| Northwest Stanfield     | 2.17  |
| Wyoming Pool            | 2.12  |
| Opal/Kern River         | 2.12  |
| PGT-Malin               | 2.26  |
| Sumas                   | 2.17  |
           Flow Date 1/17
-------------------------------------------------------------

NATURAL GAS FUTURES
Henry Hub
12 Month Strip  2.6170 +0.0709
18 Month Strip  2.7174 +0.0608
| Month | High  |  Low  | Close | Change |
| FEB   | 2.406 | 2.380 | 2.394 | +0.103 |
| MAR   | 2.375 | 2.356 | 2.363 | +0.090 |
| APR   | 2.383 | 2.376 | 2.383 | +0.080 |
| MAY   | 2.470 | 2.380 | 2.446 | +0.078 |
| JUN   | 2.525 | 2.420 | 2.506 | +0.078 |
| JUL   | 2.585 | 2.570 | 2.566 | +0.073 |
| AUG   | 2.615 | 2.605 | 2.606 | +0.068 |
| SEP   | 2.606 | 2.600 | 2.599 | +0.063 |
| OCT   | 2.615 | 2.565 | 2.621 | +0.063 |
| NOV   | 2.800 | 2.770 | 2.816 | +0.053 |
| DEC   | 3.015 | 2.960 | 3.011 | +0.051 |
| JAN   | 3.105 | 3.040 | 3.093 | +0.051 |
-------------------------------------------------------------
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-------------------------------------------------------------
Natural Gas Futures Rally on AGA Report

    Natural gas futures for February delivery on the NYMEX jumped $0.103
higher yesterday to $2.394 per MMBtu. The March contract gained $0.09 to
$2.363 per MMBtu. The market began the day up and pushed higher after a
137 Bcf withdrawal was reported by the AGA in the afternoon. The storage
report was about what was expected, but was 37 Bcf more than a year ago.
However, it barely dented the record amounts of inventory remain in
storage, about 2.529 Tcf, at 77% full compared to 44% full last year at
this time at 1.459 Tcf. The 5-year average is 2 Tcf. The rally broke
through the $2.36 resistance level. Funds are holding record-high short
positions and could cause a major technical rally if they ever had to
cover. But, more likely the market will head back down as the fundamentals
takeover. Support is seen at $2.36, $2.32 and $2.25 per MMBtu. A cold
front expected to move into eastern states next week and could cause the
market to rally again, but the increase will be difficult to sustain.
Natural gas for next day delivery across the US and Canada was generally
flat to $0.05 higher yesterday. Natural gas for next delivery at the hub
gained $0.03 to $2.39 per MMBtu.
-------------------------------------------------------------
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-------------------------------------------------------------
Today's Power Bulletins
 * SEC Approves National Grid  Niagara Mohawk Merger
 * AES NewEnergy Receives License to Sell Electricity in Oregon
 * Entergy Nuclear Plants Earn Top Safety Rating from OSHA
 * Fuel Cell Investor 2nd Annual Industry Summit to be Held in New York
Marriott
Marquis Hotel at Times Square, March 26  27
 * California Attorney General Seeks to Hold Enron in Contempt of Court
for Failing to Turn Over Subpoenaed Documents
 * Enron Shares Fall in Pink Sheet Trading.
FERC Chairman Wood to Meet with PJM Interconnection and Midwest ISO
Regarding Letter of Intent to Create Single Market Between Them
 * Great River Energy Research Project Could Increase Lignite
Marketability.
Western Spot Power Prices Rise Amid Curtailed Generation
-------------------------------------------------------------
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 PG&E Ads Blast California PUC Lawsuit

    PG&E has bought full-page advertisements in newspapers throughout
California blasting a giant state fraud lawsuit against the bankrupt
utility in a bid to topple the company's reorganization plan. The ads
reprinted a recent letter to the employees of Pacific Gas and Electric
from the chairman and chief executive of the parent company. He wrote that
the lawsuit by the California Attorney General contained false and
unwarranted accusations. The lawsuit charges that PG&E drained cash from
the utility during the California power emergency to fund new businesses
and drove the company into bankruptcy and seeks damages of $600 million to
$4 billion. The attorney general and the PUC are working to derail the
utilitys reorganization plan because they don't want to lose regulatory
jurisdiction over the company, the ad said. The plan would shift the
utility's power generation and energy transmission systems to new
companies formed by PG&E and beyond state jurisdiction.
-------------------------------------------------------------
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-------------------------------------------------------------
AGA Natural Gas Storage Report

            Week                                    Prev
           Ending    Prev                   Prev    Year
| Region | 1/11/02 | Week | Diff | % Full | Year | % Full|
| Prod   |  733    |  777 | -44  |  78%   |  343 |  35%  |
| East   | 1396    | 1482 | -86  |  76%   |  880 |  46%  |
| West   |  400    |  407 |  -7  |  79%   |  236 |  47%  |

| Total  | 2529    | 2666 |-137  |  77%   | 1459 |  44%  |
-------------------------------------------------------------
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--------------------------------------------------------------
Calpine Revises 2001 and 2002 Earnings Estimates

    Calpine has lowered its earnings estimates for 2001 and 2002. It now
expects profits of $1.95 per share for 2001 compared to estimates of $2.00
per share. For 2002, it expects earnings of $1.70 per share versus
estimates of $2.20 per share. Even though Calpine lowered its estimate for
2001, it will see its profits rise by 63% above 2000 earnings. Calpine
also revised its capital spending budget downward by $2 billion saying it
will complete 27 power projects, accounting for 15,200 MW, which are
currently being built. Another 34 projects in the advanced development
stage will be on hold until demand for power increases. It is also
negotiating with major equipment suppliers to adjust payment schedules and
revise delivery timing in line with its new construction schedule.
Calpine, Mirant and other power generators have delayed or canceled
billions of dollars in projects in an attempt to bolster credit ratings
and reassure investors. Last month, Moody's lowered Calpine's credit
rating to junk and said it remained on review for further possible
downgrades. Calpine has raised almost $5 billion in the last 3 months,
including a $2.6 billion bond sale. Its current generating capacity is
11,100 MW, but was scheduled to have up to 70,000 MW by the end of 2005.
It now expects to have 26,300 MW by the end of 2003. Plants with a
combined capacity of 82,000 MW have been canceled or postponed. Plants
under construction with another 200,000 MW of capacity are on the auction
block.
-------------------------------------------------------------
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-------------------------------------------------------------
PHYSICAL POWER PRICES
|            | High  |  Low  | Average |
|            | $/MWh | $/MWh |  $/MWh  |
| Cinergy    | 20.00 | 19.35 |  19.75  |
| ECAR       | 21.50 | 18.50 |  20.25  |
| ERCOT      | 21.00 | 17.55 |  19.75  |
| Entergy    | 23.00 | 20.00 |  21.40  |
| TVA        | 26.35 | 23.75 |  25.90  |
| ComEd      | 21.75 | 19.50 |  20.45  |
| Nepool     | 30.50 | 30.25 |  30.40  |
| PJM West   | 23.40 | 23.20 |  23.30  |
| Main       | 21.75 | 19.05 |  20.25  |
| MAPP       | 23.00 | 20.00 |  20.90  |
| Palo Verde | 30.50 | 28.00 |  28.65  |
| Mid C      | 22.75 | 20.50 |  21.35  |
| COB        | 25.50 | 23.75 |  24.30  |
| 4 Corners  | 27.00 | 26.00 |  26.50  |
| Mead       | 30.00 | 28.00 |  29.10  |
| NP 15      | 30.00 | 27.00 |  28.25  |
| SP 15      | 30.50 | 27.25 |  28.65  |
            Power Delivered 1/17
-------------------------------------------------------------
FERC to Create Power Market Oversight Unit

  The FERC plans to create a new market oversight unit to prevent
manipulation of wholesale electricity prices and supplies. The new Office
of Market Oversight and Investigations is designed to protect customers
through vigilant oversight of the nation's energy market, according to the
FERC. It plans to have the office operating with a staff of over 50 by
this Spring. The FERC currently has an office of Markets Tariffs and
Rates, which monitors markets in a broad way. But, the new office will be
FERC's first attempt of defining and curbing market power, either through
refund orders or courts.
-------------------------------------------------------------
Allegheny Energy Supply Company, Salt River Project (SRP) and Sempra
Energy
Resources announce Open Season for proposed Desert Crossing Gas Storage
and
Transportation System. Open Season for customers interested in capacity
begins Jan. 10, 2002 and extends through Feb. 8, 2002.  For information,
visit www.desert-crossing.com
-------------------------------------------------------------
Natural Gas NYMEX Volume
02FEB   32,364
02MAR   13,993
02APR    5,770
02MAY    1,972
02JUN    1,601
02JLY    3,826
02AUG    2,476
02SEP      609
02OCT    4,332
02NOV    1,411
02DEC    1,859
03JAN      953
03FEB      519
03MAR    2,032
03APR      482
03MAY        0
03JUN       69
03JLY       16
03AUG    1,532
03SEP        2
03OCT      592
03NOV       30
03DEC      181
04JAN        0
-------------------------------------------------------------
Todays Gas Bulletins
 * Hart Publications Launches Pipeline and Gas Technology Magazine
 * Dynegy Promotes Matt Schatzman to President and CEO of Energy
Convergence
Business
 * California Meteorologist Wins $50,000 in Aquila/AMS Forecast
Competition
 * David Duncan, Fired Former Andersen Auditor Who Shredded Enron
Documents, Now Cooperating with House Energy and Commerce Committee
Investigation
 * Southern Natural Files $200 Million Debt Offer with SEC
 * Phillips Optimistic About Alaska Natural Gas Pipeline; Favors 2100-Mile
Southern Route to Alberta, Partly Along Existing Trans-Alaska Oil Pipeline
and Partly Alaska Highway Route
 * GAO Trying to Gauge Congressional Support for Court Action Against
White House Over Refusal to Give Details of How Energy Policy was
Formulated
------------------------------------------------------------
 Ziff Energy Group presents
Gas Storage 2002
Redefining the Fundamentals:
Is Gas Still in the Storage Game?
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Will the recession affect plant and storage development?
Will record high volumes in storage further depress gas prices?
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Hear what the Power Generator wants from the storage industry
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February 6 & 7
Houston
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Register Today for this Important Conference
Call 1-800-853-6252

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Visit: www.ziffenergyconferences.com
-------------------------------------------------------------
JP Morgan Posts 4th Quarter Loss

    JP Morgan Chase posted its first quarterly loss in 5 years after it
wrote off loans to Argentina and Enron. The bank lost $332 million, or
$0.18 per share, compared with earnings of $0.34 per share, or $708
million, in the 4th quarter of 2000. The banks decision to lend to Enron,
Argentina and others that defaulted kept it from profiting from the lowest
interest rates in 40 years. Competitors that took advantage of the low
rates are reporting increased earnings. JP Morgan took a write-off of $456
million for trading losses and loans to Enron and still has exposure of
$2.06 billion of potential losses. The lender had a complex relationship
with Enron as it traded with the company, advised it and loaned it money.
JP Morgan will attempt to recover its Enron loans, some of which were not
backed by collateral, in bankruptcy court. The bank is also suing
insurance companies for $965 million for insured oil and natural gas
contracts. In addition, JP Morgan took a charge of $351 million for loans
to Argentina, which devalued its currency and defaulted on its bonds. It
is one of 4 US lenders with large exposures in the country. The bank said
it lost $385 million in its private equity business, and also allowed $510
million to cover further possible loan defaults in response to
deteriorating market conditions.
-------------------------------------------------------------
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Systems and Facilities services to identify, design and implement
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Training to improve your ability to identify and manage tactical and
strategic risks.
Please visit our web site at http://www.rwbeck.com
-------------------------------------------------------------
Marathon Announces 2 Deepwater Gulf of Mexico Dry Holes

    Marathon Oil did not encounter hydrocarbons at the company's Paris
Carver and Flathead exploratory wells in the deepwater Gulf of Mexico. The
Paris Carver and Flathead wells are located in Green Canyon Block 601 and
Walker Ridge Block 30, respectively.  Paris Carver was drilled to a total
depth of 24,120 feet in 4,572 feet of water, and Flathead was drilled to a
total depth of 28,043 feet in 6,556 feet of water.  Marathon has plugged
and abandoned the Paris Carver well.  The Flathead well has been
temporarily abandoned and, after completing additional technical studies,
Marathon is considering reentering and sidetracking options. Marathon was
operator of the Paris Carver well and holds a 50% interest in Blocks 601
and 602; and also operated the Flathead well, and holds a 100% interest in
Block 30.
-------------------------------------------------------------
POWER FUTURES
| Month |   COB   | Change |   PV    | Change |
| FEB   |  22.00  | +0.00  |  23.50  | +0.00  |
| MAR   |  20.50  | +0.00  |  23.00  | +0.00  |
| APR   |  20.90  | +0.00  |  24.25  | +0.00  |
| MAY   |  19.00  | +0.00  |  25.25  | +0.00  |
| JUN   |  20.50  | +0.00  |  30.00  | +0.00  |
| JUL   |  30.50  | +0.00  |  40.00  | +0.00  |
| AUG   |  40.50  | +0.00  |  44.25  | +0.00  |
| SEP   |  35.00  | +0.00  |  35.00  | +0.00  |
| OCT   |  27.00  | +0.00  |  27.50  | +0.00  |
| NOV   |  26.50  | +0.00  |  27.00  | +0.00  |
| DEC   |  27.50  | +0.00  |  27.50  | +0.00  |
| JAN   |  27.00  | +0.00  |  27.00  | +0.00  |
| Month | Entergy | Change | Cinergy | Change |
| FEB   |  20.15  | +0.65  |  21.20  | +0.65  |
| MAR   |  20.70  | +0.35  |  22.10  | +0.10  |
| APR   |  20.70  | +0.35  |  22.10  | +0.10  |
| MAY   |  23.75  | +0.25  |  25.35  | +0.15  |
| JUN   |  29.00  | +0.00  |  31.65  | +0.00  |
| JUL   |  38.00  | +0.25  |  41.70  | +0.00  |
| AUG   |  28.00  | +0.00  |  41.70  | +0.00  |
| SEP   |  22.25  | +0.00  |  23.15  | +0.25  |
| OCT   |  22.25  | +0.25  |  23.25  | +0.25  |
| NOV   |  22.25  | +0.25  |  23.00  | +0.00  |
| DEC   |  22.25  | +0.25  |  23.00  | +0.00  |
| JAN   |  24.75  | +0.25  |  26.00  | +0.00  |
-------------------------------------------------------------
Power Futures
| Month |  PJM  | Change |
| FEB   | 24.75 | +0.10  |
| MAR   | 24.90 | +0.15  |
| APR   | 24.90 | +0.15  |
| MAY   | 28.25 | +0.05  |
| JUN   | 35.15 | -0.10  |
| JUL   | 48.75 | -0.10  |
| AUG   | 48.75 | -0.10  |
| SEP   | 25.55 | +0.05  |
| OCT   | 25.25 | +0.00  |
| NOV   | 25.25 | +0.00  |
| DEC   | 25.25 | +0.00  |
| JAN   | 29.00 | +0.30  |
-------------------------------------------------------------
Energy Seminars, Inc. Announces Key Seminar Offerings for January:

Energy Seminars will be going to Florida and Calgary in 2002!

Click to www.energyseminars.com to see our 2002 schedule.

Register on-line at http://www.energyseminars.com or call Registrar Gina
Patrick

Phone: 281-362-7979
FAX: 281-296-9922
--------------------------------------------------------------------------------------------------------------------------

Dominion Resources Expects 4th Quarter Costs

    Dominion Resources had 4th quarter expenses of $348 million for losses
from dealings with Enron and for a restructuring. The companys 2001
earnings, excluding some items, met or exceeded forecasts of $4.15 per
share. The expenses include $97 million related to Enron, a $183 million
write-off of Dominion Capital assets and $68 million from a restructuring.
The Enron costs involve $6 million for past sales to the energy trader and
$91 million for the decline in value of forward natural gas contracts with
Enron. Dominion expects profit this year of $4.90 - $4.95 per share.
Earnings after 2002 should rise at an average annual rate of 10%, Dominion
says.  Last November, Dominion cut its senior-management team by 19
officers, or 25%. Dominion has hedged more than 60% of its 2002 natural
gas production and 40% of its 2003 natural gas volume at prices above
current market prices.
-------------------------------------------------------------
UBS to Restart EnronOnline

    Natural gas traders who did large volumes of business with Enron are
taking a wait-and-see approach toward dealing with the new market player
expected to emerge from the recent deal with Swiss bank, UBS. Some have
their doubts about UBS' potential impact on the market. The deal calls for
UBS to restart the trading business, including EnronOnline, with the help
of 830 former Enron workers. However, even if the deal does get the
court's approval, there is still some question among marketers and traders
as to whether a revitalized trading operation could recapture the dominant
market share Enron held prior to bankruptcy.
-------------------------------------------------------------

                Progas Storage Services, Inc

Was recently organized to offer specialized natural gas storage services
to marketers and end users servicing the upper Midwest and Northeast
market regions along the major transmission systems in Indiana, Illinois,
Kentucky, and Michigan. PGSMI has 10 bcf of potential working capacity
which will offer service along TXG, ANR, Midwestern, and is currently
evaluating for purchase another 21 bcf of potential working capacity which
can be serviced by these and other systems in the region. PGSMI also
explores for natural gas in the Gulf Coast region through a wholly owned
subsidiary. Progas intends to go public through a route of private
industry offerings, and an IPO or registration. For more information on
services or the company mail to: gastorage@aol.com or for AOL mail to
gastorage@aol.com;
The company's executive and administrative office is located in Abilene,
Texas with storage operations in Owensboro, KY and exploration operations
in Corpus Christi, TX.
Vist our website http://www.progas.net/wip
Progas Storage Services, Inc
8610 S. Hwy 277
Abilene, TX 79606

Ph 915 698 3699
Fx 915 698 2859
-------------------------------------------------------------
President Urges Senate to Act on National Energy Plan

    In an address in New Orleans, President Bush said that it was a matter
of national security for the US to have a National Energy Package. The
president urged the Senate, where energy legislation is currently stalled,
to take immediate action to pass a National Energy Plan. The president's
remarks come prior to Congress reconvening next week after the holiday
recess. The White House, labor and business leaders support the
development of resources in ANWR to increase energy independence, national
security and create over 755,000 jobs. Opening the ANWR could double the
current domestic supply of oil and make the US far less reliant on foreign
sources for its energy needs. The US Geological Survey reports that the
1.5 million-acre tract holds upwards of 16 billion barrels of recoverable
oil, which is the energy equivalent of 17.7 billion barrels of gasoline,
enough to supply the total US gasoline demand for nearly 6 years. Arctic
Power, an Alaskan-based non-profit organization that supports the opening
of ANWR says that Congress has debated ANWR for over 14 years and now it
is the responsibility of the Senate to face up to the realities of the
present situation. The 2,000 acres of the ANWR designated for exploration
could replace Iraqi imports for the next 70 years.
-------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 dropped 59.88 points to 7584.02
The CRB Index added 1.32 points to 194.32
The US Dollar increased 0.16 points to 117.56
The Dow declined 211.46 points to 9712.27
The S&P 500 lost 18.62 points to 1127.57
The Nasdaq was down 56.47 points to 1944.44
February NYMEX Crude Oil fell 0.04 to 18.86
Canadian-US Exchange rose 0.0050 to 1.5947
-------------------------------------------------------------
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-------------------------------------------------------------
Washington DC
January 24, 2002
Spencer Abraham U.S. Secretary of Energy to address energy community on
potential security and commerce threats. Also to speak will be key
directors
from the CIA, SPR, IEA, SPR and more. See complete
detail and register today at
http://www.wesc.org
-------------------------------------------------------------
Please welcome our advertisers by visiting these websites.
http://www.e-acumen.com
http://www.kwi.com/
http://www.fea.com/
http://www.caminus.com/
http://www.progas.net/wip
http://www.ziffenergyconferences.com/
http://www.energyseminars.com
http://www.desert-crossing.com
http://www.epis.com
http://www.rwbeck.com
http://www.NewEnergyAssoc.com

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Dear Enron Employee:

Houston Ballet is presenting The Nutcracker through Sunday, December 30.  The production has been hailed by the Houston chronicle as "the crown jewel of holiday entertainment," and is a perfect introduction to the world of ballet for families and audiences of all ages.  Enron has been a long-time supporter of the Ballet, and we would like to thank you with a special invitation from Houston Ballet and TicketMaster for discount tickets to The Nutcracker.

Click on the following links below to receive a 25% discount on tickets to any of the selected performances of The Nutcracker.

To place your order, click on the link below to choose your day and time.  When requesting your tickets, you may choose from best available seats or a specific section, however, all ticket prices may not be available.  Ticketmaster service and handling charges will apply to your order.

Your company code is: NUT1.

Happy Holidays and enjoy Houston Ballet.

Performance Dates and Times:

Wednesday, December 26 at 7:30pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345C3DE86FB&event_code=EHL1226

Thursday, December 27 at 7:30pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345D10FB243&event_code=EHL1227

Saturday, December 29 at 2:00pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345CDB2A7A1&event_code=EHL1229M

Sunday, December 30 at 2:00pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345CDDBA7F9&event_code=EHL1230M


Hi Jeff,

I guess this answers the question of whether the policy has been adopted.

I'm at home this am, as I'm on my way to MD Anderson to donate blood for a
friend's son who has leukemia.  I don't think it will take too long, but they
don't open until 930.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/24/2000 08:20
AM ---------------------------
From: Gregg Penman on 10/23/2000 12:12 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: enovate Risk Policy

Kay - Can you please review this additional language to the risk management
policy ( or circulate to Jeff Hodge)?  In light of the CA regarding curves, I
am slightly concerned with a blanket statement essentially giving Peoples
unlimited access to information. I know that we address audit rights in the
LLC agreement so this may not matter anyway if this is a right they already
have.  Let me know what you think.

Thanks,

Gregg
----- Forwarded by Gregg Penman/Corp/Enron on 10/23/2000 12:07 PM -----

	m.nordstrom@pecorp.com
	10/20/2000 11:32 AM

		 To: p.burgener@pecorp.com, Vladimir.Gorny@enron.com, Gregg.Penman@enron.com
		 cc:
		 Subject: enovate Risk Policy

Attached please find the latest enovate risk policy.  Our attorneys and
internal audit area have made one language revision concerning Section XIII
Audit Rights.

Mary <<MEH-risk Oct 20>>

----------------------------------------------------------------
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
dissemination or other use of, or taking of any action in
reliance upon, this information by persons or entities other than the
intended recipient is prohibited.   If you received this in error, please
contact the sender and delete the material from any computer.

 - MEH-risk Oct 20.doc


What do you think of this?

 -----Original Message-----
From: 	King Jr., Frazier
Sent:	Tuesday, November 13, 2001 11:25 AM
To:	Hayslett, Rod; Hartsoe, Joe
Subject:	RAC Procedures

Rod and Joe,

Here is a proposed write up of the procedures we use to protect the data that we send to RAC.
Please take a look and give me your comments.
Thanks!

Frazier


Dear Daren:
Hoop-It-Up is coming to town!!!  Are you ready for some 3-on-3 action?
Dallas' Historic West End District will play host to the Dallas event to be held June 23rd and 24th.  To enter, just fill out the entry form mailed to your attention at the below address and return to us before the deadline of June 13th.
Daren Farmer
Player ID Number 104940
5519 Clarkston
Spring, TX 77379
If you didn't receive your form, please let us know!  Simply reply to us with your Player ID Number at info@hoopitup.com with your correct name and mailing address.  You can also pick up an entry form at any Dallas-area Foot Locker or Whataburger location...OR register online at www.hoopitup.com .

Don't get left out of the game...call our hotline at 972.392.5750 for more information or log on to our website at www.hoopitup.com .
Special thanks to our National Sponsors for helping bring the 2001 Hoop-It-Up Tour to your city!
Gatorade   U.S. Army   Slim Jim   Southwest Airlines   Foot Locker
*To be removed from this mailing list, please respond with your full name and player ID number. This is the ONLY way we can find you in the system. Otherwise you name will be included in future mailings. Thank you for your help.


Nope.  I think Gloria is though.  I know Victor is but he is out the rest of
this week.


Traveling also, Mark Koeing/Andy Fastow/Steve Kean


Tana,

  I have not worked with Allegheny.

	Tana Jones@ECT
	07/13/00 04:26 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT,
David Portz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications
		 cc:
		 Subject: Allegheny Energy

One of the online team is looking for someone from Legal who is working with
(read "holding up things with") the Allegheny Energy people right now.  Any
of you got anything going on?


Just to clarify.

The product that is traded in New York is a financial swap that settles
against the Day Ahead clearing price.  It is changes to HQ's physical
deliveries (0 to 1500 MW) into NY that can swing the clearing price by at
least $20.  This is not just due to the price that HQ sells their energy for,
but is mostly due to the impact on congestion in NY of HQ deliveries.  When
HQ is not delivering high volumes, NY is generally uncongested and the price
for the entire state is set by gas generation in the East.  When HQ delivers
high volumes, the system becomes congested and the west price is set by much
lower cost resources and the east price is set by gas generation.  The impact
on the NY West price (Zone A) is at least $15 dollars.  Since the majority of
the OTC trades are settled against this price, it gives HQ tremendous ability
to trade financially and then influence the settlement price.  Large
generators in New York west could also do this but it would be quite costly
for them to withhold 1000 MW of generation and this would be easily noticed.
HQ however, has hydro generation and can easily store their water for
delivery another day.

HQ trades directly in the New York OTC market as HQ Energy Services (US)
Inc..  The general market realizes the impact that HQ can have on the
clearing price and will often pull out of the market when HQ is trading.  I
have heard from a couple of sources that HQ is using Select to trade for them
to avoid this problem but I cannot confirm this.

Hope this helps clarify things.

Tom.

	From:  Christi L Nicolay @ ECT                           09/22/2000 11:03 AM

To: Sarah Novosel/Corp/Enron@Enron
cc: Howard Fromer/HOU/EES@EES, James D Steffes/HOU/EES@EES, Kevin M
Presto/HOU/ECT@ECT, Tom May/Corp/Enron@Enron, Joe Hartsoe/Corp/Enron@Enron,
Richard Shapiro/HOU/EES@EES, Steven J Kean/NA/Enron@Enron

Subject: HQ Energy Mkt. Power

Tom May asked me to get a summary of what FERC reviewed and why FERC found
that HQ had mitigated its market power initially.  HQ's 3 year update is due
in Nov.

HQ, acting through Select, has the ability to move the price $20 or more.

In accordance with our strategy to protest MBRs for problem utilties, EPMI
will most probably protest the HQ request for continuation of MBRs.  Please
proceed with the RCR for Tabors and B&P to research this problem and begin
work on a protest.


Colleagues:

Utility Risk Management  positions as of July are now available at the
following level of details:

The position (long, short, and net) in electric utility "x"
The position (long, short, and net) per customer in the electric utility "x".
The position (long, short, and net) per rate schedule/customer class in
electric utility "x".
Aggregates of the above per State, NERC Region, and Customer.

If you need any position for a specific utility in your service territory,
please contact Miyung Buster ((713-853-4329) by email with cc to: Stella
Chan, Pat Keene and/or Amr Ibrahim and we shall attempt to provide the data
in the shortest possible time (currently aiming at within the same business
day).

Best regards

AI
713-853-3037


I forgot one thing.  I have that rotted board on the garage wall near the
garden, we talked about tearing that out and putting in another 2x2 or 2/4 or
whatever it is, and then painting that.  Do you remember?

By the way, I can't believe you're alive.  By the way you've been quiet, I
thought you were maybe in that plane too...!


---------------------- Forwarded by Eric Bass/HOU/ECT on 02/15/2000 01:47 PM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           12/15/99 07:25 PM

To: Shirley Elliott <shelliott@dttus.com>
cc:
Subject: Re:


> >
> > Check it out.
> >
> >
> > People in New York and DC are going to be having to hit food banks
hard.
> > There will be a need in NY for the soup. Below is an easy way to
> help....
> >
> > Campbell's is donating a can of soup to area food banks just by
clicking
> on
> > a football helmet at their website. It's quick, easy, and can be done
> once
> a
> > day.
> >
> > Go to (http://www.chunky.com/click_for_cans.asp) then click on your
> favorite
> > team's helmet and Campbell will donated a can of soup. That is it!
> Please
> > pass this to a friend or 2,3,4...
> >
>
>
>
>
>
>
>
>
>
> _____
>
> Do You Yahoo!?
> Make a great connection at Yahoo! Personals
> .


========================================================
From KHOU-TV's Dr. Neil Frank & Reliant Energy W.A.R.N. :
========================================================
WTNT22 KNHC 270248

TCMAT2

HURRICANE OLGA FORECAST/ADVISORY NUMBER  10

NATIONAL WEATHER SERVICE MIAMI FL   AL1701

0300Z TUE NOV 27 2001

HURRICANE CENTER LOCATED NEAR 32.4N  56.2W AT 27/0300Z

POSITION ACCURATE WITHIN  30 NM

PRESENT MOVEMENT TOWARD THE NORTH OR 350 DEGREES AT   7 KT

ESTIMATED MINIMUM CENTRAL PRESSURE  975 MB

MAX SUSTAINED WINDS  75 KT WITH GUSTS TO  90 KT.

64 KT....... 20NE  20SE  20SW  20NW.

50 KT....... 75NE  75SE  60SW  75NW.

34 KT.......200NE 200SE 120SW 300NW.

12 FT SEAS..600NE 600SE 700SW 600NW.

WINDS AND SEAS VARY GREATLY IN EACH QUADRANT.  RADII IN NAUTICAL

MILES ARE THE LARGEST RADII EXPECTED ANYWHERE IN THAT QUADRANT.

REPEAT...CENTER LOCATED NEAR 32.4N  56.2W AT 27/0300Z

AT 27/0000Z CENTER WAS LOCATED NEAR 32.1N  56.2W

FORECAST VALID 27/1200Z 32.7N  56.5W

MAX WIND  80 KT...GUSTS 100 KT.

64 KT... 30NE  30SE  30SW  30NW.

50 KT... 75NE  75SE  60SW  75NW.

34 KT...200NE 200SE 120SW 250NW.

FORECAST VALID 28/0000Z 32.7N  56.9W

MAX WIND  80 KT...GUSTS 100 KT.

64 KT... 30NE  30SE  30SW  30NW.

50 KT... 60NE  60SE  60SW  60NW.

34 KT...120NE 120SE 120SW 180NW.

FORECAST VALID 28/1200Z 32.5N  57.2W

MAX WIND  80 KT...GUSTS 100 KT.

64 KT... 30NE  30SE  30SW  30NW.

50 KT... 60NE  60SE  60SW  60NW.

34 KT...120NE 120SE 120SW 150NW.

REQUEST FOR 3 HOURLY SHIP REPORTS WITHIN 300 MILES OF 32.4N  56.2W

EXTENDED OUTLOOK...USE FOR GUIDANCE ONLY...ERRORS MAY BE LARGE

OUTLOOK VALID 29/0000Z 32.2N  57.5W

MAX WIND  75 KT...GUSTS  90 KT.

50 KT... 60NE  60SE  60SW  60NW.

34 KT...120NE 120SE 120SW 120NW.

OUTLOOK VALID 30/0000Z 31.5N  58.0W

MAX WIND  65 KT...GUSTS  80 KT.

50 KT... 60NE  60SE  60SW  60NW.

34 KT...120NE 120SE 120SW 120NW.

NEXT ADVISORY AT 27/0900Z

FORECASTER PASCH

========================================================
This message is brought to you by KHOU-TV 11/Reliant Energy W.A.R.N.
For instant weather on the web or to learn more about our Wide Area Radar
Net (W.A.R.N) visit our website at:  http://www.khou.com
=======================================================

Need to change you weather bulletin settings, going on vacation, or
wish to unsubscribe? Click the link below to do so.

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Attached is the term sheet for the eSpeed transaction.  We anticipate
receiving drafts of the equity documents Friday or Monday.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490
----- Forwarded by Travis McCullough/HOU/ECT on 07/26/2000 03:20 PM -----

	Andy Zipper@ENRON
	07/21/2000 05:07 PM

		 To: Travis McCullough/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT
		 cc:
		 Subject: Term Sheet with detail

FYI, the most recent proposal...
---------------------- Forwarded by Andy Zipper/Corp/Enron on 07/21/2000
05:00 PM ---------------------------

"Uman, Jonathan" <JUman@cantor.com> on 07/21/2000 01:13:12 PM
To: "Andrew Zipper (E-mail)" <Andy.Zipper@enron.com>
cc:

Subject: Term Sheet with detail

Andy
The attached outlines much of what we covered on Thursday morning.  If you
want more clarification on the NewCo warrant concept, lets talk.
Have a great weekend.
Jonathan
 <<eSpeedTS.doc>>
Regards,

Jonathan Uman
Managing Director, Head of Corporate Development
eSpeed, Inc.
juman@espeed.com
212-938-7495

 - eSpeedTS.doc