---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/29/2001
03:26 PM ---------------------------

"Stephen Benotti" <stephen.benotti@painewebber.com> on 01/29/2001 11:24:33 AM
To: "'pallen@enron.com'" <pallen@enron.com>
cc:
Subject: RE:Stock Options

Phillip here is the information you requested.

Shares  Vest date Grant Price
4584  12-31-01 18.375
3200
 1600 12-31-01 20.0625
 1600 12-31-02 20.0625
9368
 3124 12-31-01 31.4688
 3124 12-31-02 31.4688
 3120 12-31-03 31.4688
5130
 2565 1-18-02  55.50
 2565 1-18-03  55.50
7143
 2381 8-1-01  76.00
 2381 8-1-02  76.00
 2381 8-1-03  76.00
24
 12 1-18-02  55.50
 12 1-18-03  55.50

Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions.  Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.


Hi John

give me a call at work - I seem to have misplaced your work number at my work

Elizabeth Sager
713-853-6349

 -----Original Message-----
From: 	Sager.John@epamail.epa.gov@ENRON [mailto:IMCEANOTES-Sager+2EJohn+40epamail+2Eepa+2Egov+40ENRON@ENRON.com]
Sent:	Wednesday, July 18, 2001 9:39 AM
To:	Sager, Elizabeth
Subject:	address

5023 Sentinel Dr. #123
Bethesda, MD  20816


Please see attached draft of Master agreement.

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


Should I work on this request? We will be doing our risk assessments for 2002 with Andersen in January but I could touch base with a few folks in the organization (Lou Soldano and Don Hawkins) if needed. Please advise.

-----Original Message-----
From: Kilchrist, Shawn
Sent: Tuesday, October 23, 2001 8:57 AM
To: Kilchrist, Shawn; Berggren, John; Sutton, Lisa; Atwood, Mechelle;
Gregorcyk, Vicky; Barrett, Misty; Bromley, Paul; Sloan, Mary
Subject: Improtant: Social and Environmental Risk baseline

As part of Ken Lays initiative to measure Enron's social and environmental risk, EAS has been requested to help with a baseline assessment of what our BU's are doing in those areas.  As such, please talk with your CAO's and/or BU leaders as part of your 2002 risk assessment and obtain answers to the following questions and send them back to me on or before Thanksgiving.  Please let me know if you're having any problems with this or need further clarification.

* Do the business units know the scope and nature of social and environmental risks associated with their business strategy, transactions, assets, countries where they operate, and/or counter parties?
* Do the business units have a process to identify social and environmental risk?
* If so, what process does the business units employ in order to identify and manage social and environmental risk?
* What process do the business units use to quantify and/or qualify these exposures?
* Who is responsible for managing this process in the business?
* Does the business review the quality of their social/environmental risk assessment and management activities?
* Is the business unit aware of the existing corporate function and processes?

This information will help Ken and his task team to  develop a proposed process for developing a consistent process for measuring social/environmental risk management performance across the business.  We may be asked for more assistance in this area in 2002.

Thank you for your assistance!

Shawn


Just a few comments on the basis of this week's discussion.

1.  Use concept of amounts owed and accrued, but not yet payable

2.  Include deemed designations

3.  Do we want to include concepts of (a) amounts in any currency (or is this
implied) or (b) amounts in respect of any booking or payment office?

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


Hey Jason,

How are you DaDragon?  I'm doing great.  I emailed you with this account
and datiger12@hotmail.com but your hotmail account kept rejecting my
accounts.  I think you put a block on them.  Anyway, that's great to hear
that you have a great job at Enron.  Is that in Houston right?  If it is,
maybe we can go out for a drink or something?  I know a few places to go
hehehe.

Stocks are bad right now so I don't mess around with them.  Don't assume
that these companies are at rock bottom simply because they are so
low.  They could go lower.  I would wait until things clear up.

Aight, I'll check with you later.  Nice to hear from you again.

Minh

On Thu, 29 Mar 2001 Jason.Wolfe@enron.com wrote:

> DaTiger,
>
> Are you still around, answering email on this account? I can't remember
> your hotmail account.
> Was it DaTiger12? I am at Enron, working in Energy Trading. What are you up
> to?
> Write back dude, and give me some good stock picks now that my Ameritrade
> account is up.
>
> Jason
>
>

DaTiger

HAVE A NICE DAY!

Bye :)


Thank you.  I appreciate it.

"Thompson, Peter J." <pthompson@akllp.com> on 02/15/2001 09:04:37 AM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc:

Subject: GE Form Agreement

I will have the Form Agreement ready to send to you by the close of
business.  However, Sheila Tweed just called to request a copy of what I
have available now (even before my final edits are made).  I told her I
would send her a copy of what I have after my next round of changes are
made, which will be in the next 2-3 hours.  Just wanted you to have a
heads up.


Never mentioned the CFO.  Let's discuss further.  I can get you in.

Laird Dyer@ECT
09/13/2000 06:11 AM
To: Jeff Dasovich/SFO/EES@EES
cc:
Subject: Re: PG&E and Sempra Gas

Jeff,

My memory is failing me but I remember you telling me that you had a high
placed contact at Sempra that you could contact to set up a meeting.

Don't let me down man.  I thought you told me it was the CFO.  Who is your
contact?

Laird


Mark, Mark and Kurt,
I can't access the Transfer directory right now so here are today's downloads.

Regards,
Matt


Steve,

Attached please find the pro-regulation speech.  We have a studio reserved
between 4 and 5 PM today.  If it's possible to get comments on the speeches
before the conference call, we would really appreciate it.  I'll forward the
edited deregulation speech to you shortly.

Thanks,

Liz

 <<Pro-Regulation speech.doc>>

 - Pro-Regulation speech.doc


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/02/2000
01:33 PM ---------------------------

Chris Mahoney
09/29/2000 02:16 AM
To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, John L
Nowlan/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT
cc:
Subject: how to go forward in the oil markets

CUSTOMER BUSINESS - EOL
Jeff - I think your ideas of adding marketing and research analysis to the
group are good starting points. I don't feel this will increase revenues for
us in 2001 as our  efforts here are only to win volume from others in a thin
volume environment.  Eventually the captured deal flow should help the group
trade from a better knowledge base but for the next year it will require a
significant recruitment and training effort.   Both the recruitment and the
teaching process are ones that we need to focus on.  Please let me know what
you have in mind on the recruitment side and I would like to highlight that I
feel there are very few people to teach the analysts and associates.  I plan
on spending an increasing amount of my time working with the younger team
that I'm assembling in London.   By end October, the London office will have
5 managers, 4 associates and 1 analyst in our group.  This is a real shift
from the approach of the past where the focus was on recruiting directors.
Given our previous track record on recruiting from the outside (about 33%
success in terms of performing well and acclimating to enron) I think this is
the right approach but we must realise this is a slower process when we look
to revenue growth and one that will also require us to shift more focus
toward teaching. My plan is to put much of the associate resources toward EOL
marketing initially and see what talents they have for being marketing and
analysis.  The one analyst joining the group is coming over one of the
consulting companies in London and I'm putting him in charge of drawing up a
list of potential customers in every European country.  Please let me know if
you have any plans of bringing somebody in to organise globally the marketing
business.  Can't help but feel that we are very marginal in the electronic
trading of oil and could lose all of our business in the near future.  Having
seen the ICE demo I would prefer that system of ours because of volume.  This
is a complaint that I have heard from many traders regarding the use of our
system.  The challenge is how can we put up more volumes, more markets, and
tighter 2 ways to convince more people to trade with us and not get run
over.  What do we know about the ESPEED system and what they are going to
have.  I saw a Reuters story saying they were launching Oct 2nd with Koch,
Dynergy, Entergy, Willams, and a few others.  Are we thinking about trying to
join up oil markets with either of these two sites and what are the plans if
we do begin some of the small customer basis we do have?   This is area that
we giving a great deal of effort and attention to but what are our plans if
we fail to be the largest in this platform.  I don't feel that in the oil
business we will be successful unless we can be the most preferred site
because most companies will not have two websites up on the computers.   We
are having a difficult time getting anybody but the most aggressive trading
companies to look at our numbers so it seems difficult to believe the
industry will look at two different e-trading sites.

BUILDING THE PHYSICAL TRADING BUSINESS
This has always received luke-warm interest from Enron.  I believe that the
inefficiency within the oil markets is not great enough to try and profit on
that
alone.   So when we talk about going big that really means getting involved
in some kind of steel and trying to dominate certain aspects of the physical
business.  Tankage and shipping are the easiest and quickest ways for us to
increase the business we are already doing in these areas with the shortest
financial commitment.  Mike and Jeff you should be aware though that the
corporate commitment to be in the oil business has previously been poor.  We
can
candycoat this subject but it is very clear that most of our competitors are
more aggressive on the credit and performance risk in emerging markets.  We
have
a credit department that have done a poor job, if any at all, in getting out
there visiting with the national oil companies that we have to be able to
participate with
(petrobras, pertamina, petrolimex, sinochem, sinopec, egpc, nnpc) if we have
any real plans of significantly expanding our physical volumes.   We are also
the
worst company in the oil business in putting out a contract that shows we
have a commitment to perform.  Our contracts are also drafted with many
escape clauses that will be rejected by many end-users who will insist on a
greater performance guarantee.  As we discussed briefly in Singapore, I think
there are several airlines that we could target in the U.S. for physical
supply.  I will tell you now that legal would not accept the consequential
damages that the airlines have in their tenders.   Previously, I have not
gone after this business because I didn't believe we would have the political
clout or sponsorship from those in your position to take legal on in such
matters.  Please consider this (I will fax you a tender offer from Japan
Airlines) and lets discuss if we are ready to accept that if we fail we are
willing to accept that it could cost us several million dollars.  That kind
of loss I have never experienced and seen it happen on very few occasions but
it is something that we have to accept if we want to go after the airline
business.

I will let you know more my thoughts about how we go should try to go
forward....this message was more to highlight how I'm trying to advance the
group along and what are the challanges we face at the moment.  Lastly, on
that theme we are trying to work with IT over here to develop some systems
that will make us better suited to do customer business.  At the moment
everybody is working off of individual excell spreadsheets and we are trying
to get toward a server based system
and options system that would be available to everybody and designed by IT
people instead of traders.  I will let you know if we need any help from you
on this as intially we do seem to be getting stonewalled by the London IT
department.


Do you have deal #'s for any of the following?

JayBee Oil        term 12/1/00 --11/30/01         5000MMBtu
                         12/1/00 - 11/30/02       45000MM
Kaplan Interests term 12/1/00 - 11/30/00 3300 MMBtu

Blauser Well Services
  term 12/1/00 - 10/31/01
  1250 MMBtu

Cedar Resources
 term 12/1/01  1500 MMBtu
 12/1/00  11/30/02  1000 MMBtu

These are all App. producer transactions.

Thanks

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


Dave,
 Volume, term and price are necessary components of the confirm.  Do not send
out without these components being in place.  Also, changing from the January
dates will require additional language changes.  I will make those changes
when we fill in the rest of the information.  How do we stand on getting the
final version of the Master Contract drafted and submitted to them for
signature.  Remember, we need that in place before we do the confirm.,

	Dave Fuller
	02/15/2001 09:17 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Clark County Gas Deal

Dan,

Attached is the Clark County confirm you made for me with some minor changes
(volume term price).  Let me know if it still looks OK.

Thanks,

Dave


---------------------- Forwarded by Shanna Husser/HOU/EES on 11/28/2000 09:07
AM ---------------------------

"James A Bowman" <bowmanja@us.ibm.com> on 11/28/2000 08:23:32 AM
To: RyderJ@CannondaleAssoc.com, Funnies@us.ibm.com
cc:
Subject: Fw: New Democratic Party Seal

(See attached file: newseal.jpg)

Regards,

James A. Bowman
IBM Global Accounts Payable
e-Business Operations Strategy - Americas / Asia Pacific
1701North St, Endicott, NY 13760
(607) 755-5708  T/L 855-5708  FAX (607) 755-6124
bowmanja@us.ibm.com

 - newseal.jpg


Thanks, Sue.  Talk to you in a couple minutes.

Jeff


did you and carolyn have a grammy party?   temptation island was dumb.
everyone went on their dates and hooked up.  next week looks good.


*UtiliCorp Wants To Spin Off Aquila
Kansas City Business Journal ) 09/29/2000
By Brian Cookson

UtiliCorp United Inc. wants to parlay the rapid growth of its Aquila Energy
subsidiary into a piece of a new, larger Aquila.

The Kansas City-based utility has plans to spin off Aquila, possibly
retaining ownership of a third of it, selling another third to a partner and
offering the remainder in the stock market.  The move could allow Aquila, now
engaged primarily in trading power and natural gas, to gain more hard assets
of its own and seek higher valuation from investors.

&We really think the value of our company is much higher than the market
currently values it because it values it as a utility,8 Aquila spokesman Al
Butkus said.

Aquila, which moved its headquarters to Kansas City last year, has been the
engine behind earnings growth for UtiliCorp.  For the second quarter of this
year, Aquila reported earnings before interest and taxes (EBIT) of $49.5
million, up 113 percent from the previous year.  UtiliCorp as a whole had
EBIT of $103.9 million for the second quarter of 2000.

Aquila may be able to attract more interest because it wouldn,t carry the
image of a traditional utility, Butkus said.

Richard Stuebi, president of Next Wave Energy, agreed.  The head of the
Denver-based electricity consulting firm said Wall Street historically has
undervalued conglomerates such as UtiliCorp.

&In general, the stock market prefers companies that are clean or pure
plays,8 Stuebi said.

Aquila,s strategy comes as little surprise to Stuebi.  As much success as the
company has had, he said he thought Aquila would need to get bigger to
compete.

&In most aspects of the energy business, the race for scale is on,8 he said.

Aquila also could increase its value to shareholders by looking for hard
assets to match its marketing prowess.  Aquila CEO Keith Stamm said the
company could address this need by building, such as the new electric
generation plant it is building in Pleasant Hill.  It also could buy
generation capacity or take on a partner with electric generation capacity.

Stamm said the company is looking for such a partner but is keeping the other
two options open.  Finding a partner with power plants could become easier as
energy deregulation causes many utilities to look at separating generating
operations from power sales and distribution.

Stamm said that Aquila has talked to several companies and that an
announcement could come by the end of the year.

The timing of any initial public stock offering would be dependent on the
results of the search for a partner.

Butkus said UtiliCorp isn,t sacrificing its hold on Aquila.  Instead,
executives are hoping to own part of an infinitely more valuable company.

Aquila already is moving to enter a new market ) trading bandwidth, or
capacity on communications networks.  Stamm said the bandwidth market is
potentially several times larger than the energy market because
communications networks can be linked by satellite to anywhere in the world.
Gas pipelines require a physical connection.

Traders in the bandwidth market could include telecom companies or Internet
providers that either have network capacity to sell or that need to boost
their capacity.

&We like to see volatility, and we,re seeing it,8 Stamm said.

Aquila is adding a crew of 35 to 40 people to begin trading bandwidth by the
end of the year.  It won,t be alone, however, as companies such as Houston,s
Enron Corp. also are getting into bandwidth trading.
******************************************************************************
********


Smurfit Deal 246859.1 NOT 403522.1 is being reduced by 5 mw's for hour 23 and
24.  PGE deal 522806 will still be long by 5 mw's for the 16th. Enpower has
been updated.
Please sell of 5 mw's for hours 23 and 24.
Thanks
Mike


CONGRATULATIONS!!!
PAT JOHNSON is the winner for +The Name This Newsletter Contest,.  It was a
close call. After receiving over 50 great ideas, the PR Dept had a tough time
narrowing the list to the top ten for Mark Frevert,s final decision.  We,d
like to thank everyone who submitted suggestions and a special thanks to Pat
Johnson for sending in the winning name EnTouch.

BUSINESS HIGHLIGHTS

EGM Coal & Emissions
The November and December NYMEX market remains very tight.  Offers in the OTC
market have climbed to the low $40s.  The highest reported trade for December
was reported at $38.50.   The tightness should continue through the first
half of the year  with the Martin County mine still shut down.  The rest of
the year remains strong piggy backing off of the current spot market.

Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances
broke out of this trading range this week.  The low trade was around $119.50
and the last trade was around $120.50.  The sharp drop in prices was caused
in large part by the news of Dominion Virginia Power settling the New Source
Review lawsuit brought against it by the state of NY and the EPA Continuing
rumors of further NSR related settlements will likely create continued
volatility.  It is as yet unclear what the new price floor will be.

NOx has settled down a bit with last trade 2001 vintage of $675.

Principal Investments
Solo Energy Corporation, an Alameda, California based developer of Wireless
Energy microturbine products to supply superior on-site energy service to
U.S. commercial and light industrial customers, announced that Enron North
America has completed an equity investment in Solo Energy as well as entered
into an alliance agreement.

In exchange for warrants to purchase the Company,s preferred stock, Enron
will assist in obtaining fuel contracts to support the Company,s distributed
generation contracts, including the provision of gas and backup electricity,
and will work with the Company to support its market and gas technology
research.

NEWS FROM THE GLOBALFLASH

EnronCredit.com
On Halloween, Enron Credit.com hit the City of London last Tuesday. As an
original PR stunt, the EnronCredit.com team organized a Grim Reaper with two
female vampires to distribute candy carrying the message, "Corporate
bankruptcies are on the increase and could be your worst nightmare. You can
protect your company and sleep well at night". Locations for the distribution
of 5,000 packs of candy were Bank, Broadgate and Canary Wharf. The general
feedback and reaction of people was positive. Photos of the event will be
available on the EnronCredit.com site.

Enron Japan Corp.
Enron is powering ahead in Japan following the official launch of Enron Japan
Corp. in Tokyo last week.  In keeping with Japanese tradition, Ken Lay, Joe
Hirl, Ken Rice and Mike McConnell donned "happi coats" - a sort of short
kimono - and used ceremonial hammers to break the lid of a wooden cask of
sake in front of an audience of 350 drawn from major companies and
government.  Enron has made an immediate impact already by offering eligible
consumers 3-5 year contracts with immediate savings of up to 10 percent in
the first year.   View the Japan website at www.enron.co.jp  [No worries,
it's in Japanese and English ...Ed]

There are 35 Enron employees in the Tokyo office including an Enron Metals
team.  EBS will be staffing up there over the coming months.

Nordic energy agreement with UPM-Kymmene
Enron Nordic Energy and UPM-Kymmene Corp. have signed a two-year portfolio
management agreement covering UPM Kymmene's Nordic power portfolio. The
Mid-Market desk in the Oslo office will assist UPM in optimising its
portfolio of approximately 14 TWh. energydesk.com will provide UPM with the
risk management system used in the process. In addition, the agreement opens
the door for Enron Energy Services to explore a variety of opportunities
within the company. The Nordic agreement is the first step towards a broader
scope of co-operation with UPM on a European and Global basis. The total
contract value is estimated to be $375 million.

UPM-Kymmene's nominal electricity resources total about 3000 MW, of which
2500 MW in Finland and about 500 MW in other countries. The group's power
procurement totals approximately 18 TWh per year, of which about 14 TWh in
Finland. Around 15 TWh/a is consumed by the group's own mills and the rest is
sold to the market.

http://www.upm-kymmene.com
http://www.upm-kymmene.com/upm/energy/energybuild.html

The deal was led by Sami Tenngren - Nordic Mid-Market, and was supported by
Magnus Groth - EES, Jukka Hormaluoma - energydesk.com, and Martin Rosell -
Legal.

Congratulations on a job well done to all those who worked so hard to put
this transaction into place........Thor Lien.

Australia
Despite heavy flooding in NSW, the weather is looking up for Enron
Australia.  Last week, the Sydney Office launched online Hong Kong weather
derivatives  and the Sydney weather node traded on EnronOnline in the US time
zone.  With this precedent, we hope to support the takeoff of global weather
on EnronOnline.

The Coal Group in Sydney has suddenly become very popular. There is no doubt
that a recent sale to AES for the plant at Barbers Point, Hawaii is the real
reason.  Coal purchases during year 2000 have been concluded with most major
producers in Indonesia and Australia.  We will soon be loading our first
shipment from China. Deliveries to Nippon Steel in Japan are underway. Also,
a shipment to a large power utility in Japan will take place in early 2001.

Off-shore wind plans
Enron has entered into agreement to purchase the development assets of a 30
MW offshore wind project in the UK.  The Harwich project, situated in
Gunfleet Sands approximately eight kilometres offshore in the North Thames
Estuary is believed to represent one of the first serious investments in the
development of offshore wind energy in the UK.

ENRONONLINE STATISTICS

Below are the latest figures for EnronOnline as of November 27, 2000.

* Total Life to Date Transactions> 464,000
* Life to Date Notional Value of Transactions > $263 billion

NUGGETS & NOTES

"How does your earnings target look for the quarter?" ) Brent Price,
VP/Operations & Chief Accounting Officer for EGM

"Always price the illiquidity risk premium appropriately!" ) Doug Friedman,
Director of Financial Petrochemicals and Plastics

What people say to Julie Gomez,VP/Upstream Services-ENA - "I heard your laugh
clear across the floor!!!"

IN THE NEWS

"The uncertainty [of the presidential election] does not influence business.
It is a relatively short-term distraction. Our business model has not changed
and will not change as a result of the election because we've worked very
well with both the Clinton/Gore administration in Washington and the Bush
administration in Texas."
-- Mark Palmer, vice president of Enron Corporate Communications, Associated
Press

"The name of Enron may be unfamiliar in Japan, but it should not stay that
way for long.........Joseph Hirl, president of Enron Japan, says: "We don't
go in and try to destroy markets - we go in and create them."  Some of the
company's potential customers and business partners may still need to be
persuaded of that, but Enron has a large stock of experience to reassure
them".---Financial Times

WELCOME
New Hires ENA/EIM/EGM
ENA ) Lydia Atwood-Minter, Kenneth Thibodeaux, Lacye Trevino-Brymer
EGM )Humaira Badat, Daiquiri Lucas

Transfers to ENA/EIM/EGM
ENA ) Trinh Abrell, Terri Austin, Guillermo Balmaceda, Eric Booth, Robert
Chmielewski, Joyce Dorsey, Sharon Gonzales, Laura Gutierrez, Scott Healy,
Dawn Kenne, Robert Kraszewski, Sandra Morris, David Porter, Daniel Quezada,
Henry Quigley, Steven Rose, Felecia Russell, Mary Symes, Dan Williams,
Rosalinda Zermeno
EGM ) Braedi Craig, Scott Baukney, Samantha Davidson, David Loosley, John
Massey, Diana Monaghan, Adam Siegel, Ioannis Tzamouranis

LEGAL STUFF

The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed


Just a quick note to acknowledge the great job that Geir Solberg did in helping our office out during Tropical storm Allison.
Our phone lines, computers and cell phones were down.    Additionally,   we were short staffed due to floodwaters downtown.

One of our service customers,  Teco,  wanted to sell some test power in South Texas.   Geir was contacted via satellite phone.
He sold 230 megawatts each hour to AEP.   He used the proper terminology unique to Ercot and sold the energy at a decent price.
He maintained good,  detailed notes and was able to relay this information to me the following Monday.
Most importantly,  this was a seamless transaction to the customer.

Again,  thanks for the help.

JMF


What is going on man?  Any more news on the dilemma we discussed a few weeks
ago?  Just curios.  Hope things are going good for you.
PL
1-800-97- ENRON Ext 3-7376


How about tomorrow, Wednesday, September 12, at 1:30 or 2:30?  Diana, Terry
	and John can meet me in my office and we can call Rita and Bob.  Thanks. Lynn

 -----Original Message-----
From: 	Bianchi, Rita
Sent:	Tuesday, September 11, 2001 2:10 PM
To:	Stevens, Bob
Cc:	Porter, Diana; Blair, Lynn
Subject:	RE: US Energy Carlton Request

Lynn - Please call me or Bob when things are somewhat back to normal in the Houston office.
Then we can set up a time for a conference call.  I will be in the office all week, except Thursday afternoon.

 -----Original Message-----
From: 	Stevens, Bob
Sent:	Tuesday, September 11, 2001 1:17 PM
To:	Bianchi, Rita
Cc:	Porter, Diana; Blair, Lynn
Subject:	RE: US Energy Carlton Request

As this is the first info I've had on this I'd like to get Lynn involved in the conversation.  Please coordinate a time when we can all discuss.  I will be in the Minneapolis office all day Tuesday through Friday.

 -----Original Message-----
From: 	Bianchi, Rita
Sent:	Tuesday, September 11, 2001 10:52 AM
To:	Stevens, Bob
Cc:	Porter, Diana
Subject:	US Energy Carlton Request

As you know, USE is agent for a number of small Carlton sourcers.  They have contracted with a single supplier to bring gas in at Carlton for all of USE's clients.  USE wants to bring each shipper's Carlton obligation gas in on the shippers' individual contracts.  Normally, the supplier would have to confirm separate nominations for each little shipper.  Debbie Burgess at USE asked Diana Porter if there was a way that the USE Supplier could nominate the gas to a single USE contract at Carlton, then USE would nominate the Carlton gas from that contract to all the little Carlton sourcers for whom they are agent.

I talked with Steve & Dari.  They did not feel there was any tariff/legal obstacle to letting USE do this, as long as the contract
can only be used to facilitate the Carlton sourcing obligation.

I talked with Terry Kowalke & Gerry Medeles.  The simplest approach would seem to be an Administrative contract (non-revenue) where USE's supplier would nominate deliveries to the Admin contract and USE would nominate gas from the Admin contract to its clients' individual firm contracts.

Based on those conversations, I told Debbie that it sounded like we could work something out.

Problem:  Later, Gerry Medeles determined that, because Carlton has special scheduling logic in TMS,
it will require at least 2 weeks worth of system changes to accommodate US Energy's request.
With the current work load, Gerry didn't think IT could get the changes made by November 1
but may have something in place for December.

Should we pursue?


Thanks.  Look forward to seeing you.  Sorry I left Jimmy off the note, I know
he must be doing a good job.

	John Ambler@ENRON_DEVELOPMENT
	03/23/2001 10:11 AM

		 To: Steven J Kean/NA/Enron@ENRON
		 cc: Maureen McVicker/NA/Enron@Enron
		 Subject: Re:

Steve,

Thanks for sending this note to Wade.  I'm certain that the NYT story is
infinitely better because of Wade's involvement.  It was a team effort, but
you should know that Jimmy Mogal also was very involved.  Of course, Wade
wants to avoid damaging the company and your note helps to keep him up for
these risky/must do requests.   Along these line,  I'd like to be able to
give you a brief update on activities and issues.  I'll check with Maureen
about scheduling 15-20 minutes.

John

From: Steven J Kean@ENRON on 03/20/2001 09:06 AM
To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Johan Zaayman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt

Subject:

I just saw the NYT article.  Nice job.  It's nicely positioned as an issue
about India's resolve to encourage foreign investment and live up to
contracts.


Attached is the land use category and constraint table that Jon Alstad has
put together for the currently proposed route.  He and I both have been
working on the briefing report (fatal flaw analysis), and this will be
another part of it.  The text in the briefing report is not fully fleshed
out and coherent at this point, primarily due to the unforeseen brush fires
we've been putting out all week on the Red Rock project.  We hope to have it
fleshed out and coherent on Monday.  Please call with any questions.

Scott

Scott J. Patti
Senior Project Manager
ENSR International
1601 Prospect Parkway
Fort Collins, CO  80525
Phone: (970) 493-8878
Fax:     (970) 493-0213
Email:  spatti@ensr.com

-----Original Message-----
From: Patti, Scott
Sent: Friday, September 21, 2001 12:06 PM
To: 'Shafer, John'; 'Hyatt, Kevin'; 'Gadd, Eric'
Cc: Schmidt, Jon; 'Taylor, Gina'; 'Cebryk, Doug'; Alstad, Jon
Subject: RE: Additional Agency Correspondence

Attached are some additional pieces of the puzzle; a supplement to the large
set of correspondence/permitting requirements sent earlier.

Scott J. Patti
Senior Project Manager
ENSR International
1601 Prospect Parkway
Fort Collins, CO  80525
Phone: (970) 493-8878
Fax:     (970) 493-0213
Email:  spatti@ensr.com

-----Original Message-----
From: Patti, Scott
Sent: Friday, September 21, 2001 9:54 AM
To: 'Shafer, John'; Hyatt, Kevin; Gadd, Eric
Cc: Schmidt, Jon; Taylor, Gina; Cebryk, Doug; Alstad, Jon
Subject: Agencies and NGOs already contacted for Sun Devil

US EPA, Regions VI and IX
US Forest Service - Coconino, Kaibab, and Prescott Forests
BLM - NM State Office, Farmington Field Office, AZ State Office, Phoenix
Field Office
US DOT
US Army Corps of Engineers - LA District and NM District
Navajo Nation - Mineral Department,
Arizona Game and Fish Department
Arizona Department of Environmental Quality
Arizona Department of Water Resources
Arizona Department of Transportation
New Mexico Department of Game and Fish
New Mexico Forestry Division
New Mexico Energy, Mineral and Natural Resources Department
New Mexico Environment Department
New Mexico Office of the State Engineer
New Mexico State Highway and Transportation Department
Union Pacific Railroad
The Nature Conservancy

Attached are most of the telephone call summary sheets from these
conversations and summaries of permit requirements.  We also have most of
the permit applications for any of the permits that we would be obtaining
from these agencies.  I am currently working on the telephone call summary
sheets for the Forest Service contacts.

Scott J. Patti
Senior Project Manager
ENSR International
1601 Prospect Parkway
Fort Collins, CO  80525
Phone: (970) 493-8878
Fax:     (970) 493-0213
Email:  spatti@ensr.com

-----Original Message-----
From: Shafer, John [mailto:John.Shafer@ENRON.com]
Sent: Friday, September 21, 2001 8:47 AM
To: Patti, Scott; Hyatt, Kevin; Gadd, Eric
Cc: Schmidt, Jon; Taylor, Gina; Cebryk, Doug
Subject: RE: Confidentiality of Sun Devil???

Yes, please forward a list to myself, Kevin and Eric.  Thanks, John

-----Original Message-----
From: Patti, Scott [mailto:SPatti@ensr.com]
Sent: Thursday, September 20, 2001 4:49 PM
To: Shafer, John; Hyatt, Kevin; Gadd, Eric
Cc: Schmidt, Jon; Taylor, Gina; Cebryk, Doug
Subject: RE: Confidentiality of Sun Devil???

We have already been in contact primarily with most of the state and
Federal
level agencies that exist in both AZ and NM as well as the Navajo
agencies.
I could get you a complete list of agencies we've contacted if you'd
like,
but almost every agency that would or could issue a permit in both
states
has been contacted.

Scott J. Patti
Senior Project Manager
ENSR International
1601 Prospect Parkway
Fort Collins, CO  80525
Phone: (970) 493-8878
Fax:     (970) 493-0213
Email:  spatti@ensr.com

-----Original Message-----
From: Shafer, John [mailto:John.Shafer@ENRON.com]
Sent: Thursday, September 20, 2001 2:49 PM
To: Hyatt, Kevin; Gadd, Eric
Cc: Patti, Scott; Schmidt, Jon; Taylor, Gina; Cebryk, Doug
Subject: RE: Confidentiality of Sun Devil???

Scott,
Please furnish a list of who you will be talking with.  (Caveat: Scott,
you certainly realize that you must provide the FERC with summary notes
of meetings with groups, agencies, etc. when we make the FERC filing -
so keep good notes).  John

-----Original Message-----
From: Hyatt, Kevin
Sent: Thursday, September 20, 2001 1:44 PM
To: Shafer, John; Gadd, Eric
Cc: 'SPatti@ENSR.com'; 'JSchmidt@ENSR.com'; Taylor, Gina; Cebryk, Doug
Subject: RE: Confidentiality of Sun Devil???

I spoke with Eric this afternoon.  We'd like a list of who ENSR is
talking with.  We recognize the need to be as open as we can with
stakeholders and consultees and concur with John's comment below.  We're
comfortable with Scott being able to show regulators a map of the
preliminary route.

thanks
kh

-----Original Message-----
From: Shafer, John
Sent: Wednesday, September 19, 2001 4:41 PM
To: Hyatt, Kevin; Gadd, Eric
Cc: 'SPatti@ENSR.com'; 'JSchmidt@ENSR.com'; Taylor, Gina; Cebryk, Doug
Subject: FW: Confidentiality of Sun Devil???

Kevin and Eric,
Please read Scott's question below.  I have no problem with being a
little more open with the regulators.  I would not publish anything in
the paper (as yet) showing a route, etc., etc. as that will only get the
landowners stirred up before we are ready.  What are your thoughts?  Are
you comfortable with Scott being able to show the regulators a map of a
preliminary route?  John

-----Original Message-----
From: Patti, Scott [mailto:SPatti@ensr.com]
Sent: Wednesday, September 19, 2001 4:30 PM
To: Cebryk, Doug; Shafer, John; Campbell, Larry
Cc: Kendrick, William; Hyatt, Kevin; Schmidt, Jon; Alstad, Jon; Wade,
Alisa
Subject: Confidentiality of Sun Devil???

In discussions with several agency personnel, it "appears" as though
they
are somewhat aware of Sun Devil.  Is it still to be treated as
confidential,
or can we discuss it more freely?  The main benefit I see, if we can
discuss
it more freely, is that many of the regulators have said things like "I
would need to see a route to be able to answer your question better."
Let
me know.  Thanks,  Scott

Scott J. Patti
Senior Project Manager
ENSR International
1601 Prospect Parkway
Fort Collins, CO  80525
Phone: (970) 493-8878
Fax:     (970) 493-0213
Email:  spatti@ensr.com

**********************************************************************
The information contained in this communication is confidential and
privileged 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 prohibited.
If you have received this communication in error, please contact the
sender immediately.

It is our policy that e-mails are intended for and should be used for
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This footnote also confirms that this email message has been swept by
MIMEsweeper for the presence of computer viruses.

ENSR
www.ensr.com
postmaster@ensr.com
**********************************************************************

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
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Thank you.
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Opps!
---------------------- Forwarded by Chris Germany/HOU/ECT on 03/30/2000 09:12
AM ---------------------------

Victor Lamadrid
03/29/2000 05:19 PM
To: Chris Germany/HOU/ECT@ECT, Scott Goodell/Corp/Enron@ENRON, Colleen
Sullivan/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT,
Katherine L Kelly/HOU/ECT@ECT, Robert Allwein/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Steve Gillespie/Corp/Enron@ENRON
cc: David Oliver/HOU/ECT@ECT
Subject: UPDATE-DONE!!!! Re: CES TERM DEALS FOR TCO - Not in Sitara for April
2000

THIS IS NOW FIXED THANKS!
---------------------- Forwarded by Victor Lamadrid/HOU/ECT on 03/29/2000
05:15 PM ---------------------------
From: David Oliver on 03/29/2000 05:07 PM
To: Victor Lamadrid/HOU/ECT@ECT
cc:
Subject: Re: CES TERM DEALS FOR TCO - Not in Sitara for April 2000

I extended the deals and put them on to market East

The new deals are:

231667
231672
231679

Dave

Victor Lamadrid
03/29/2000 04:48 PM
To: David Oliver/HOU/ECT@ECT
cc:
Subject: CES TERM DEALS FOR TCO - Not in Sitara for April 2000

Hey Dave, Please take a peek at these term deals not in Sitara and make any
necessary updates. THANKS
---------------------- Forwarded by Victor Lamadrid/HOU/ECT on 03/29/2000
04:45 PM ---------------------------

Joan Veselack@ENRON
03/29/2000 04:36 PM
To: Chris Germany/HOU/ECT@ECT, Scott Goodell/Corp/Enron@ENRON, Colleen
Sullivan/HOU/ECT@ECT
cc: Dick Jenkins/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Robert Allwein/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Steve Gillespie/Corp/Enron@ENRON
Subject: CES TERM DEALS FOR TCO - Not in Sitara for April 2000

The following CES deals should roll into April 2000:

Allied Signal  ipp   Sell for 3405/day gms # s-alliedsignal-0034  ends
11/1/2001  sitara # 145328
PennFuel citygate  Sell for 5000/day gms # s-pennfuel-0001  ends 11/1/2000
sitara # 151759
PennFuel citygate  Sell for 2610/day gms# s-pennfuel-0002  ends 11/1/2000
Boonville citygate  Sell for 130/day  gms# s-boonville-0012  ends 7/1/2000
sitara # 166857

Chris and Scott, please check the term and pricing, and correct the deal
tickets. I did verify these tickets are not on the new Marketeast Desk.

Thank you!!!!!!!!!!!!!!!!!!!!!!!!


That was hilarious.


Is everyone getting this report daily?  Please review the file and let Anne know if you would like to modify the query.

Mike

 -----Original Message-----
From: 	Akers, Michelle
Sent:	Friday, October 26, 2001 6:05 PM
To:	Allen, Phillip K.; Bike, Anne; Ermis, Frank; Gay, Randall L.; Grigsby, Mike; Holst, Keith; Kuykendall, Tori; Lenhart, Matthew; Reitmeyer, Jay; South, Steven P.; Tholt, Jane M.
Cc:	Akers, Michelle
Subject:	Broker Report for 10/26/2001


Okay, I don't know where Jeff's head was today, but he just checked with
Prebon and found he had done this deal without even knowing it! So he entered
it - Deal #461171.

Thanks a lot for your patience, Stephanie.

Stephanie Piwetz   11/16/2000 02:32 PM

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

Subject: Re: Deal 459243.01

thanks
One more Richter trade,. prebon shows:  11/16

Enron Buys Aquila
Dec  2000
sp15
97.00
Thanks

   Kate Symes                11/16/2000 04:13 PM

To: Stephanie Piwetz/HOU/ECT@ECT
cc:
Subject: Re: Deal 459243.01

Prebon is sending a new confirmation with Constellation as the counterparty.
Broker mistake.

Stephanie Piwetz   11/16/2000 01:00 PM

To: Carla Hoffman/PDX/ECT@ECT, Kate Symes/PDX/ECT@ECT
cc:

Subject: Deal 459243.01

Hello
I have a question, should the Counterparty on this trade be Peco Energy?
We have Constellation but bro does not know trade as Constellation

Tom Alonso's name is on bro confirm (Peco) but deal 459243.01 is under Mark
Fischer (COnstellation)

Thanks


She just came
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Hi,

I am expanding my Risk Management search outside of  the Houston area. Just
wanted to know if we found the perfect candidate would you be willing to pay
relocation and interviewing expenses?  Your feedback is appreciated.

Thanks!
Imelda Trevino
Human Resources
ext.5-2539


email address  is jane.m.tholt@enron.com
pager is 8005060869
I trade the west desk


The following is our tentative close schedule for this coming month.  Please
keep in the mind the following key times....

Unify to Sitara bridge back 1:45p.m. Friday, March 31st (all errors must be
clear by this time)
Mass draft at 6p.m. Friday evening.
Accrual process begins Monday, April 3rd at 6a.m.

If you have any changes to this timeline, please ensure that I am contacted
as soon as possible.

Thank you,

Melissa x35615


As you know, Enron Wholesale Services (EWS) has been reorganized under the leadership of CEO Jim Fallon.  Rich DiMichele supports Jim as COO of EWS, while also continuing in his role as head of Enron Broadband Services (EBS).  EWS businesses include:  Enron North America, EBS, Enron Industrial Markets, Enron Global Markets, Enron Europe and Enron Canada.  EWS' business focus remains on maximizing creditor value and determining which businesses and assets will be a part of Enron's reorganization plan.

In addition to Rich, reporting to Jim are:

?	Don Miller - ENA
?	Gary Hickerson - EGM
?	Rodney Malcolm - EIM
?	Eric Shaw - Enron Europe
?	Kyle Kitagawa - Enron Canada
?	Lance Schuler - General Counsel
?	Barry Pearce - Chief of Staff
?	Dave Gorte - RAC
?	Kent Castleman - Accounting
?	Shanna Funkhouser - Human Resources

Enron Wholesale Services

<Embedded MS Organization Chart 2.0>


For your account, sold $22.30 Cal 02 straddles:

50,000/month $5.21 J.Aron
25/month $5.17 J.Aron
25/month $5.17 Bank of America
25/month $5.15 BofA
50/month $5.12 BofA

For my account, I bought back an in-the-money producer collar from a LaGrasta customer for total premium of approx. $1.25MM.


Here is some preliminary research on the Commercial Group's question of
whether we can have a tariff provision in which shippers pay cash for fuel
rather than providing fuel in kind.  If you want the attachments (examples of
other pipelines' tariff provisions) I will send you a hard copy.  Comments?
Are there any rate case implications I should be aware of?


Is FIMAT Canada emailing the form?  Sara

P.S.  I never heard back from Jean-Pierre about our comments

 -----Original Message-----
From: 	Glover, Sheila
Sent:	Wednesday, October 31, 2001 8:18 AM
To:	Shackleton, Sara; Heard, Marie
Cc:	Su, Ellen; Lowry, Donna; Bradford, William S.; Hickerson, Gary; Schultz, Cassandra
Subject:	FW: FW: Enron North America
Importance:	High

We are opening up an account with Fimat Canada in the name of Enron North America.  Legal is currently working on getting the execution and clearing account opened.
This was part of the initiative last Thursday to move futures accounts to beneficial Futures clearers.

In the meantime,  Fimat Canada is requesting that we get an Give-up agreement in place with clearing going to BMO Nesbitt Burns.
We are okay with this.

They would like to get the give up signed today.  They say it is the standard format.
Jean-Pierre at Fimat is the contact for any questions.

Please call me if I can be of assistance.

Thanks, Sheila
 -----Original Message-----
From: 	"Jean-Pierre St-Cyr" <jstcyr@fimat.com>@ENRON
Sent:	Monday, October 29, 2001 1:44 PM
To:	Glover, Sheila
Cc:	Keith SHACKLETON; Sara" <Sara.Shackleton@ENRON.com@fimat.com"
Subject:	Re: FW: Enron North America

Sheila,

We have not got yet the authorization from the Fimat Group risk department
to open a clearing account for Enron at Fimat Derivatives Canada.  I will
send you the required schedules once I get this authorization.

In the meantime, for your transactions on the Montreal Exchange, Fimat
Canada will execute them and give-up the clearing to BMO Nesbitt Burns.
For this purpose, we need to have a give-up agreement in place.

Attached is a give-up agreement.

(See attached file: giveup_ENRONNESBITT.doc)

Please have this agreement signed in three copies and send them to my
attention at 1501, McGill College, Montreal, Quebec, Canada H3A 3M8.

Also, please fax me a copy this afternoon ASAP at 514-841-6217.

Regards,

Jean-Pierre St-Cyr
Vice-pr?sident, Audit et Affaires juridiques / Vice-President, Audit and
Legal
Fimat Produits D?riv?s Canada Inc. / Fimat Derivatives Canada Inc.
T?l?p./Phone:?514-841-6208
T?l?c./Fax:514-841-6217

                    "Glover,
                    Sheila"                To:     <jstcyr@fimat.com>
                    <Sheila.Glover@        cc:     "Su, Ellen" <Ellen.Su@ENRON.com>
                    ENRON.com>             Subject:     FW: Enron North America

                    10/29/01 02:26
                    PM

Jean-Pierre,

We need an commission schedule and interest rate schedule.
Please forward this request to the appropriate parties.

Regards,
Sheila
>  -----Original Message-----
> From:   Glover, Sheila
> Sent:   Friday, October 26, 2001 9:06 AM
> To:     'jstcyr@fimat.com'
> Subject:     FW: Enron North America
>
>
>
>  -----Original Message-----
> From:   Glover, Sheila
> Sent:   Friday, October 26, 2001 8:53 AM
> To:     'jspcyr@fimat.com'
> Subject:     Enron North America
>
> Jean-Pierre,
> My e-mail address is sheila.glover@enron.com.
> My fax number is 713-646-2196.
> Regards,
> Sheila

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

 - giveup_ENRONNESBITT.doc << File: giveup_ENRONNESBITT.doc >>


Ken,  FYI

----- Forwarded by Gerald Nemec/HOU/ECT on 08/02/2000 02:20 PM -----

	Gerald Nemec
	08/02/2000 02:07 PM

		 To: Dan J Bump/DEN/ECT@ENRON
		 cc: Scott Josey/Corp/Enron@ENRON, Brian Redmond/HOU/ECT@ECT, Joan
Quick/HOU/ECT@ECT, Barbara Gray, Teresa G Bushman/HOU/ECT@ECT
		 Subject: Re: Summary of Tom Brown Meeting

Confidential Work Product - Attorney Client Privilege

Dan,  Our letter was definitely structured to encourage a quick solution.  As
the situation stands now, Wildhorse's possible responses to the letter are as
follows:

1.  Declare Unprofitability wrt to the gas covered by the amendment.
 If they do so, then they have the obligation to provide alternatives to
Crescendo, one of which is release of the gas.  You are right, there is no
time frame in the contract under which they must resolve these alternatives.
That is a risk I pointed out early.  However, in our letter to Wildhorse, I
proposed a time frame to resolve these issue of 2 weeks.  If Wildhorse is not
working with us in good faith within a commercially reasonable time then we
will have to make a choice:
  A.  Go for a Declaratory Judgment to have the gas released from the
contract.  This will take time.  Depending on court docket loads, 6 months
to 1 year.

  B.  Inform Wildhorse that we have been unable to reach an agreement within
a commercially reasonable time and they have not negotiated in   good faith
and we consider the gas released (contract breached by Wildhorse) and that we
will build our own system.  Then Crescendo would   build its own system and
risk a suit by Wildhorse.

2.  Not declare Unprofitability
 If Wildhorse does not declare unprofitability, then they have the obligation
under the contract to take the gas in accordance with its terms.  The only
complication is that under the contract, Wildhorse's obligation to take the
gas is subject to the downstream carriers ability to receive the aggregate
gas stream.  Depending on Wildhorse's flow dynamics and our plant placement,
Wildhorse could use this as reason to refuse delivery of our gas.  After your
field meeting and our engineering assessment, hopefully we will have a better
understanding of that situation.  If Wildhorse does not declare
unprofitability, we would demand evidence and assurances that they will be
able to take the gas upon start up of the treating plant.

If Wildhorse does not declare unprofitability, but continues to discuss
renegotiating of this deal, I would very directly ask them "under what
provision of the contract do they believe they have the right to renegotiate
any fees?".  They don't have a right to renegotiate under the contract
without unprofitability.

	Dan J Bump@ENRON
	08/01/2000 05:23 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc: Scott Josey/Corp/Enron@ENRON, Brian Redmond/HOU/ECT@ECT, Joan
Quick/HOU/ECT@ECT
		 Subject: Summary of Tom Brown Meeting

I wanted to provide a summary of my meeting with Tom Brown today.  I met with
the Business Development Director, Bob Mustard.

1)  Tom Brown (as 45% owner of Wildhorse) is pushing Kinder Morgan to come up
with solutions to the production problems (quality, pressure, et al)
currently being experienced in the Piceance Basin.

2)  Tom Brown is also encouraging KMI to develop plans to take Crescendo (and
other producers) low Btu gas; they see these as a new business opportunity
for Wildhorse.

3)  Tom Brown is focusing their drilling efforts in other regions of the
Rockies, therefore TBI would be interested in discussing Entrada development
ventures with Crescendo.  Bob worked at Amoco with Ken Krisa and is very
familiar with the nitrogen treating technology.  (I passed all this info on
to Ken/Jim).

4)  Here's the interesting part...Bob discussed (confidentially) that for the
past 6-8 monthsTom Brown has been trying to negotiate a buy-out of Kinder
Morgan's interest in Wildhorse (they have a right-to-match provision in their
LLC agreement).  The snag is on the last increment of valuation which is now
being negotiated by the very top mgmt (Kinder & Evans).  If they are
successful, (which he thinks TBI will be), then TBI will turn-around and look
to spin off the non-strategic systems (like the Piceance Basin assets) to
third party purchasers.

This conversation with Tom Brown led me to a worst case scenario with regard
to our negotiations with Wildhorse..............Wildhorse has been
slow-playing negotiations since I first met with them in late May and #4
above may be the reason why.  Now that we've sent the letter recently to
Wildhorse requesting (essentially) to clarify their understanding / status of
the contracts so we can get to work, my feeling (based on the transaction
between KMI & TBI) is that Wildhorse may try to continue stalling until their
transaction with TBI is complete, (how much longer will this take?).  Of
course, if the transaction is completed, TBI has already made it clear they
would like to sell this system, so even if ENA is interested, will TBI
negotiate a gathering deal during this transition period or delay until the
system is divested?

The point is this......I'm anticipating a generic, non-commital response to
Crescendo's letter from Wildhorse.  Although I realize there are no time
deadlines in the contract, could you suggest anything we can submit in
writing to encourage a quick resolution to our contractual issues in the
event my above worst case scenario begins to play itself out?

I'm off to Grand Junction to meet with Wildhorse.  I'll keep you informed of
any developments.

Thanks.

Dan


We are waiting for Mark Greenberg to finalize the negotiations on the amendment to the online ETA for DB.  We would like to shut down BT from all financial trading.  However, what we found was that DB will not execute the online ETA without some revisions.  Mark is negotiating an amendment to the ETA with DB.  Meanwhile, BT had already been trading online.  Since that cat was already out of the bag so to speak, DB didn't want to shut them down from trading without having another avenue to trade, so we are continuing to trade as BT.  We do not want to do this FOREVER, HOWEVER, so we do need to get BT SHUT DOWN.

HOW GOES IT MARK????
 -----Original Message-----
From: 	Anderson, Diane
Sent:	Monday, October 08, 2001 4:04 PM
To:	Panus, Stephanie; Bailey, Susan; Jones, Tana; Heard, Marie
Subject:	? re: Bankers Trust/ Deutsche Bank

Howdy.  Can one of you guys remind me where we stand with this sort-of merged counterparty?
Last I recall while DB had bought BT, BT was still allowed to transact in its name - because we
hadn't yet renegotiated an ISDA for the combined entity.  Is that still where we stand?

HELP!!!!

:)

Diane


Kathy,

The 2000 DPR is closed.  Therefore no more changes can be made.  As I stated
in my earlier email, either the 4.1 million adjustment was never actually
made to the DPR or it is included in our number because the trading and
origination p&l that I am reporting ties with what the DPR is reporting.

Robin

Kathy Reeves
01/10/2001 04:57 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Re: Canada p&l

Robin,
$4.1 M was to have been reduced from our Q1 trading income to break out the
origination correctly.  It looks like this was never done in your report.  I
thought it had been based on previous Emails.  I don't think the p&l in your
report is correct as it is $4.1M too high.  This is what our trading income
at Dec 31 should be.  Note:  the DPR was never adjusted because the LTD and
YTD numbers do not exclude orgination income.  It also looks like the break
out by trader is not quite right

Kathy

Robin Rodrigue
12/08/2000 10:58 AM
To: Kathy Reeves/CAL/ECT@ECT
cc:
Subject: Re: Canada p&l

Kathy,

I am attaching a copy of the NGPL that was reported as of this morning.  If
you look at the by Trader P&L, we are off from your spreadsheet by
approximately $3.6 million USD for December and approximately $7.6million
year to date.  The $7.6 consists of the December variance and the $4 million
variance that we discussed earlier (originations).  However, I spoke with the
Chris Able from the Controls group, what we are reporting for originations
and for Canadian p&l ties to the DPR.   This leads me to believe that either
our number already includes the origination adjustment or the origination
adjustment was never made to the DPR.  To help resolve the December variance,
I have added a tab to your file to show what we have reported each day for
December.

Remember the p&l we are reporting by trader excludes originations.  Give me a
call when you have time and we can try to resolve these variances.

Thanks,
Robin

Kathy Reeves
12/07/2000 06:46 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Canada p&l

Robin
I would like to make sure before year end that the p&l being reporting for
Canada ( trading profits only) equals what I think it is as per attached:

Would you let me know what you are currently reporting for Canada.

Thanks
Kathy


When: Monday, November 12, 2001 3:00 PM-4:00 PM (GMT-06:00) Central Time (US & Canada).
Where: EB4069

*~*~*~*~*~*~*~*~*~*

EPSC allocations to EGS.


FYI.  Calger is in active talks with Freeman and DWR lawyers about the offer
letter we submitted on Tuesday.  Freeman's very anxious to do a deal for 200
MWs from the West Desk and then start talking about a deal for power from
Parquet's Pastoria plant.  Credit is of course the issue and Calger's told
them that unless the credit issue is bulletproof it's not going to work.  See
Chris' comments below.  It looks like progress is being made, but the details
will make it or break it.  Any thoughts?  Might make sense to discuss on the
call.  Please forward along to others.  Thanks.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/09/2001 10:22 AM -----

	Christopher F Calger@ECT
	02/08/2001 06:11 PM

		 To: Tracy Ngo/PDX/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, Chris H Foster/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT
		 cc:
		 Subject: CDWR Credit Proposal

CDWR is proposing to all potential suppliers the following security package
for new PPA's:

1) Irrevocable PUC Order / Agreement that "locks in the revenue stream" for
CDWR to cover the PPA costs.

2) PPA covenant that the power supplier has payment priority over any debt,
including the contemplated debt issue
  - the concept is that the supply is the operating cost and any debt would
be subordinate

3) PPA Covenant that their is a uniform package to all suppliers; no more
favorable terms or priority to ayone, no L/C, etc.

Subject to definitive language, CDWR is trying to get people to buy into this
general plan.  What do people think?  Please try to shoot holes in this.
Please forward to the appropriate legal, regulatory and credit folks to air
this out.

Thanks,

Chris


-----Original Message-----
From: Hirasawa, Tim [mailto:tim.hirasawa@rbcds.com]
Sent: 2000, September, 28 6:06 PM
To: Hirasawa, Tim; Fleming, Blair; 'Brian.Kerrigan@enron.com';
'soma.ghosh@enron.com'; 'catherine.clark@enron.com'
Cc: Aloisio, John; Kassis, Maher; 'jonathan.mckay@enron.com';
'chris.lambie@enron.com'
Subject: RE: Commodity Swap Volumes

FINAL SWAP VOLUMES <<Gas Swap Calc 2.xls>>

?
 - Gas Swap Calc 2.xls


THIS IS AN INTEREST STATEMENT "foreigners want to add to their holdings of US assets when they already hold 11% of the US equity market, 21% of corporate bonds and
36% of the Treasury market?"

-----Original Message-----
From: Fenner, Chet [mailto:Chet_Fenner@bmc.com]
Sent: Tuesday, February 12, 2002 7:43 AM
To: Parks, Joe
Subject: Flows

In some of this morning's analysis w/r/t our discussion yesterday...

* The net EUR/$ equity flow is Euro supportive currently mainly due to US
buying in Euroland, the same is happening with US investors buying
Japan. Net government bond flows are also US$ bearish both with
Euroland and with Japan, the latter due to strong signs of Japanese
repatriation still.
*  All this backs up what seemed a peculiar weakening of the US$
yesterday. For the remainder of the year the big question for the Dollar is
will foreigners want to add to their holdings of US assets when they
already hold 11% of the US equity market, 21% of corporate bonds and
36% of the Treasury market?
* We know that the there is likely to be net FDI outflow from the US in
2003,
with our pipelines suggesting a net US$46.2bn pending outflow currently
the worst it has been for many years. It is noteworthy that FDI has funded
around a third of the US current account deficits over the last 3 years, as
important as, net equity inflow.


Vince:

Is it ok to send the following out to the interns?


Just a reminder.... Timesheets will be due tomorrow, Friday April 13.  Please
let me know your exceptions for time period April 1-15, 2001.

Thanks!

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


fyi

 -----Original Message-----
From: 	Porter, Gregory J.
Sent:	Monday, October 29, 2001 3:32 PM
To:	Harris, Steven; Pavlou, Maria
Cc:	Smith, Ann
Subject:	TW v. SoCalGas Mediation (settlement discussions)

Just a quick not, keep December 4th available to meet with FERC and SoCalGas in Chicago.  We will begin at 9:00 a.m..   I will ask for Ann to get a meeting room at one of the hotels close to the airport.  At a minimum (I'm sure there will be others), Georgetta Baker and J.P. Harrigan will be representing SoCalGas at the meeting.  I will let you know more information when its available.  Greg


i saw that too and i really appriciate the though on the unlimited golf but i really think i can just pay green fees and not spend
the money for "the package" b/c Friday i will not be able to play and i will only play twice i want you to be able to
enjoy the spas also

 -----Original Message-----
From: 	Quigley, Kay
Sent:	Friday, August 10, 2001 4:00 PM
To:	Quigley, Dutch
Subject:	options

here is a link to a golf package in Four Seasons Scottsdale- I ran airfare on Expedia and it's not too bad $220 per person roundtrip
then I think the unlimited golf package runs $375 a nite - putting us at @$1600 for total package

http://www.fourseasons.com/scottsdale/vacations/rates_and_packages.html?PropertyID=46


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 02/03/2000
10:50 AM ---------------------------

Leslie Smith
02/03/2000 10:32 AM
To: Lisa Shoemake/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT, Judy
Walters@ccmail@ECT, Amber Limas/HOU/ECT@ECT, Angela Barnett/HOU/ECT@ECT, Eve
Puckett/Corp/Enron@ENRON, Michelle Neville/HOU/ECT@ECT, Regina
Blackshear/Corp/Enron@ENRON
cc:
Subject: [Fwd: Check out Butterflies]

---------------------- Forwarded by Leslie Smith/HOU/ECT on 02/03/2000 10:30
AM ---------------------------

floyd&lisa <luznmymind@argolink.net> on 02/02/2000 11:29:48 PM
Please respond to luznmymind@argolink.net
To: *DARLENE <NKarolina@aol.com>, *DONNA <GAputernut@aol.com>, *DOROTHY
<dot1@argohouston.com>, *JULIE <HaulinKDZ@aol.com>, Cheyenne
<Chy1975@cs.com>, JOHNNY&MARGARET <Jbarm1965@cs.com>, Leslie
Smith/HOU/ECT@ECT, Lorraine Buskey <akchaterbx@yahoo.com>, PAULA
<sheba@argohouston.com>, Tammie Bolling <tammiebolling@hotmail.com>
cc: MrsAAC@aol.com, Mcintyre3g@aol.com, TrishAmom@aol.com, Deeturmnd@aol.com,
Jwapond@aol.com, Birdladymn@aol.com, Sherlito@aol.com, DRKOLB3@aol.com,
Lorisdc@cs.com, Walkingmom756455@aol.com, COrla45218@aol.com,
MemphisPanda@aol.com, NiknHazX3@aol.com, Accola387@aol.com, SOSTAIL@aol.com,
SherryGage@yahoo.com, Anna <CNA630@aol.com>
Subject: [Fwd: Check out Butterflies]

give the page time to load.....takes a little while

>  Click here:
Butterflies


-----Original Message-----
From:  Guerriero, Michael
[mailto:IMCEAEX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=NOTESADDR_CN=49D074D3-F28B91D5
-86256908-664FCE@ENRON.com]
Sent: Monday, February 19, 2001 4:28 PM
To: Kishkill, Joe
Cc: Lavorato, John
Subject: Arcor

I am of the opinion it will close Wednesday. Legal teams meeting tomorrow for
final review. Municipal Resolution received and accepted by our legal today.
Bank transfers being set up tomorrow for Wednesday 2 pm. But we have been
here before. Will advise.

MFG

Joe Kishkill
02/19/2001 07:08 PM
To: John J Lavorato/ENRON@enronXgate
cc: Michael Guerriero/SA/Enron@Enron

Subject: Re:

The municipality approved the outstanding issue and produced a resolution.
Haedicke needs to review the resolution.  If no issues in the resolution then
we should close on Wednesday.  Mike is working the details...anything to add
Mike?

Kish

From: John J Lavorato/ENRON@enronXgate on 02/19/2001 11:25 AM CST
To: Joe Kishkill/SA/Enron@Enron
cc:

Subject:

What happened with Arcor.

Lavo


This is probably way more information than you want, but just in case you
want to see where we are on the audit comments, attached is a worksheet I am
updating every few weeks to ensure we address all their issues asap.  They
will (at the request of Louise) be conducting a follow up audit in October,
and "re-audit" the management report in mid-July.

Sheri


Attached is the "updated" version of the Operations Integration Issues list for the Houston/Portland office.

Christina Valdez
Enron Net Works LLC
Phone - 713.853-9106
Fax     - 713.345.8100
christina.valdez@enron.com


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

From:  <Just4hams@aol.com>
To: JMonteHooey@hotmail.com
Date: Tuesday, October 16, 2001 6:49:11 GMT
Subject:

I knew I loved you for some reason....hee...hee.   I know that God is at work in both of our lives....I thank God for you.  Just as God gave us a "release" from our work at VM, should He decide to "send" us back, we will do just that--come back.  For now, we are in transition.  God is growing us all up for His purpose.  We both know of families (brothers, sisters, parents) that have been separated because of some crisis or another....broken homes, right?  Many times in this type of situation, God has brought the "members" of those families back together for the betterment of all because they "chose" to grow in His will; then, sometimes in His infinite wisdom, He sees fit to allow the separation to continue because reuniting the family would mean the destruction of all, because of the rebellion of at least one--because he/she/they made the "choice" to remain how he/she/they were originally--You ! know that God searches our hearts and He knows all truth.  None of us will ever be perfect while we are on earth, but our "choice" is to strive to be in God's perfect will.  Continue to seek God's face.  Stay in your Word!  Sometimes God will "send in order to mend!"  Just like the sacrificial Lamb called Jesus was sent in order to heal the sins of this world--this mended our relationship with God, restored us to fellowship with Him.  All God things are good things, even if they hurt us a little!  REMEMBER: The Lord is our Helper, we do not fear what man may do us.

Love Moma Bunny


And another one.
---------------------- Forwarded by Steven Curlee/Corp/Enron on 09/28/2000
09:31 AM ---------------------------

b.marozas@pecorp.com on 09/28/2000 09:06:57 AM
To: steven.curlee@enron.com
cc:

Subject: FW: Enovate/PEC ISDA

----------
From:  Jacobsen, Fred
Sent:  Thursday, September 28, 2000 8:24 AM
To:  'Sara.shackelton@enron.com'
Cc:  Nassos, John G.; Huprikar, Aparna; Marozas, Brian
Subject:  Enovate/PEC ISDA

  Sara, attached below please find drafts of the following
ISDA documents to be entered into between Enovate, L.L.C. and Peoples Energy
Corporation:

  1. Schedule to Master Agreement
  2. Paragraph 13 to Credit Support Annex
  3. Exhibit A to Paragraph 13 to Credit Support Annex
  4. ISDA Master Agreement
  5. ISDA Credit Support Annex.

 Please contact me via e-mail or at 312-240-7284 with any questions
and comments. Thank you, Fred.

 <<MEH Schedule to Master Agreement v.1.doc>>  <<MEH-PEC Paragraph 13 to
Credit Support.doc>>

 <<MEH-PEC ISDA.doc>>  <<MEH-PEC Credit Support Annexy-bi.doc>>

 <<MEH-PEC Paragraph 13 Exhibit A.doc>>

----------------------------------------------------------------
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 Schedule to Master Agreement v.1.doc
 - MEH-PEC Paragraph 13 to Credit Support.doc
 - MEH-PEC ISDA.doc
 - MEH-PEC Credit Support Annexy-bi.doc
 - MEH-PEC Paragraph 13 Exhibit A.doc


Looks like 200 Friday,  May 18th for a status/download meeting.

Suz, please find a room and notify folks and their assistants.

Thanks,

Kay


---------------------- Forwarded by Richard Shapiro/NA/Enron on 07/10/2001
04:49 PM ---------------------------

Nailia Dindarova@ECT
06/25/2001 10:41 AM
To: Richard Shapiro/NA/Enron@Enron
cc:

Subject: Documents for Mark Frevert (on EU developments and lessons from
California)

Rick,

Here are the documents that Peter has prepared for Mark Frevert.

Nailia
---------------------- Forwarded by Nailia Dindarova/LON/ECT on 25/06/2001
16:36 ---------------------------

Nailia Dindarova
25/06/2001 15:36
To: Michael Brown/Enron@EUEnronXGate
cc: Ross Sankey/Enron@EUEnronXGate, Eric Shaw/ENRON@EUEnronXGate, Peter
Styles/LON/ECT@ECT

Subject: Documents for Mark Frevert (on EU developments and lessons from
California)

Michael,

These are the documents that Peter promised to give to you for Mark Frevert.
He has now handed them to him in person but asked me to transmit them
electronically to you, as well as Eric and Ross.

Nailia

---------------------- Forwarded by Richard Shapiro/NA/Enron on 07/10/2001
04:49 PM ---------------------------

Peter Styles@ECT
06/25/2001 02:59 PM
To: Ursula Brenner/NA/Enron@Enron, Rob Bradley/Corp/Enron@ENRON
cc: Pamela Milano/EU/Enron (bcc: Richard Shapiro/NA/Enron)

Subject: Documents for Mark Frevert (on EU developments and lessons from
California)

Forwarding these to you (you received second from Pamela but not the first)
in anticipation of our conf. call tomorrow about Ken's speech in Majorca on
July 7.

---------------------- Forwarded by Peter Styles/LON/ECT on 06/25/2001 08:47
PM ---------------------------

Nailia Dindarova
06/25/2001 04:36 PM
To: Michael Brown/Enron@EUEnronXGate
cc: Ross Sankey/Enron@EUEnronXGate, Eric Shaw/ENRON@EUEnronXGate, Peter
Styles/LON/ECT@ECT

Subject: Documents for Mark Frevert (on EU developments and lessons from
California)

Michael,

These are the documents that Peter promised to give to you for Mark Frevert.
He has now handed them to him in person but asked me to transmit them
electronically to you, as well as Eric and Ross.

Nailia


This is yet another, tangible case of why price caps don't and can't help;
they can and will only make matters worse.  Caps are a policy chainsaw when a
scalpel is needed.  The result of the caps being imposed on QFs by Davis and
the Legislature will be shut downs and bankruptcy, which will reduce supply
and decrease reliability----the exact opposite of what the state needs to be
doing.

FYI:  I listened in to Sokol's conference call yesterday re: court case
freeing CalEnergy from the QF contract.  Sokol blasted Edison over and over
(e.g., accumulated war chest of over $2 billion in cash).  Sokol said that,
at least for the time being, this lessens the need for CalEnergy specifically
to force an involuntary.  Be interesting to see if other QFs take similar
tack.  Sokol also said that CalEnergy has sold the power to El Paso---lot's
of press questions about price and where the power's headed (i.e., in our out
of state).   He said he expects to get a "market price" from El Paso and that
if the "prices are higher out of state, well......."

Best,
Jeff

	James D Steffes
	03/22/2001 10:16 AM

		 To: Jeff Dasovich/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron
		 cc:
		 Subject: California Update 3/22/01

FYI.

----- Forwarded by James D Steffes/NA/Enron on 03/22/2001 10:16 AM -----

	Kristin Walsh/ENRON@enronXgate
	03/22/2001 08:20 AM

		 To: John J Lavorato/ENRON@enronXgate, Louise Kitchen/HOU/ECT@ECT
		 cc: Phillip K Allen/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Mike
Grigsby/HOU/ECT@ECT, Tim Heizenrader/PDX/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
Claudio Ribeiro/ENRON@enronXgate, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Mark Tawney/ENRON@enronXgate, Scott
Tholan/ENRON@enronXgate, Britt Whitman/ENRON@enronXgate
		 Subject: California Update 3/22/01

? The legislature will meet and vote to repeal Section 390 of AB 1890.  This
will reverse what the QFs get  paid from natural gas costs and replace it
with the formula in the governor's current plan - 7.9 cents/kwh for 5-year
contracts and 6.9 cents/kwh for 10-year  contracts.  According to sources,
this is "locked in to pass."  It  will be implemented by a PUC order on
Monday.

? The QFs met on this plan all day yesterday and have calculated what they
would get paid.   This  plan would not generate enough money for many QFs to
operate profitably.  At  least 2,000 MW of the total 5,407 MW of gas-fired
QFs would be unable to generate  a positive cash flow and would have to
either operate unprofitably or shut down.

? The QF community is responding with an increased militancy for an
involuntary filing, according to sources.  The most aggressive QF after Coram
Energy is David Sokol and Walter Scott of Mid-America Energy (based in
Nebraska).  Sokol is described  by sources as "extremely aggressive."

? An involuntary bankruptcy filing appears imminent.   Sources believes the
trigger event will either be the legislative passage of the plan  tomorrow or
the PUC order implementing the plan on Monday.


i think this is the biggest chopfest in nat gas history.  scale up seller,
scale down buyer.
reviewing my aga model and assumptions later today.  i'll see if i have any
new inspirations.

slafontaine@globalp.com on 03/02/2001 10:25:45 AM
To: John.Arnold@enron.com
cc:
Subject: Re: silverman

he will be if we cut him off for a week i bet he gets some inspiration. have a
good weekdn. any view here? i think short term range stuff-med-longer term you
know what i think.
  sprds/front to backs range-bear em at -2 bull em at -5 till they go prompt.

John.Arnold@enron.com on 03/02/2001 11:22:30 AM

To:   Steve LaFontaine/GlobalCo@GlobalCo
cc:
Fax to:
Subject:  Re: silverman

ok.
i would not describe him as the hardest working man in the energy business.

slafontaine@globalp.com on 03/02/2001 08:54:44 AM

To:   jarnold@enron.com
cc:
Subject:  silverman

i say we make a pact, next time silver man calls in sick on a friday after
a
typical nite out you and i cut him off for the entire next week. deal?


Bob:  Hope all is well.  Per my voice mail, attached is the confirm.  I'm
trying to refresh my knowledge of equity derivatives and securities issues
(for ENE).  You can reach me at 713/853-5620.  Let me know what your schedule
looks like.   It's looking like a wave of equity deals is coming my way.
Thanks.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 06/14/2000 05:42 PM -----

	Jeff Nogid
	06/09/2000 09:23 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: FW: Forward Confirm

Sara-

Here is a copy of a trade confirm.  Can you spot any problems?

Jeff
---------------------- Forwarded by Jeff Nogid/HOU/ECT on 06/09/2000 09:19 AM
---------------------------

"Haratunian, Stephen" <stephen.haratunian@csfb.com> on 05/24/2000 04:55:28 PM
To: "'jeff.nogid@enron.com'" <jeff.nogid@enron.com>
cc:
Subject: FW: Forward Confirm

Jeff, as we discussed, attached is the confirm for the forward.

> -----Original Message-----
> From: Haratunian, Stephen
> Sent: Thursday, May 11, 2000 4:45 PM
> To: 'tim.despain@enron.com'
> Subject: Forward Confirm
>
> Tim, attached for your review is the confirm of the equity forward.
> Please feel free to call me with any questions or comments.
>
>  <<ECT Forward Confirm51.doc>>

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.

 - ECT Forward Confirm51.doc


Vince,
Jeff Planck is part of Tracy Pan's team.

Jason
---------------------- Forwarded by Jason Sokolov/HOU/ECT on 04/30/2001 05:03
PM ---------------------------

"Planck, Jeffrey G." <jplan90@entergy.com> on 04/27/2001 03:20:36 PM
To: "'jason.sokolov@enron.com'" <jason.sokolov@enron.com>
cc:
Subject: FW: Binomial

>  -----Original Message-----
> From:  Planck, Jeffrey G.
> Sent: Friday, April 27, 2001 2:16 PM
> To: 'jason.sokolov@enron.com'
> Subject: Binomial
>
> Jason,
>
> This is part of our project. We would use it to estimate american premiums
> and then add that premium to valuations that give european values.
>
> I hope it goes through.
>
> Jeff
> (I'm on Tracy and Nan's team)
>
>
> .....Didn't work
>
> I'll try zipped version.
>
>  <<Big Binomial.zip>>

 - Big Binomial.zip


---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
07/30/99 03:15 PM ---------------------------
From: Louise Kitchen on 07/30/99 07:57 PM GDT
To: William S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Weekes/LON/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, Michael L
Fredell/HOU/ECT@ECT, Janine Juggins/LON/ECT@ECT, Mark - ECT Legal
Taylor/HOU/ECT@ECT, Justin Boyd/LON/ECT@ECT
cc:
Subject: Counterparties versus Product Type Matrix

As discussed the table to be completed by August 4th in order for us to start
loading the customer profiles into the system.

The following worksheet is split into two tabs for the counterparty groups
suggested by the North America commercial versus those counterparties
suggested by Europe commercial.  The US tab consists of the following
information:

Column A Fed Tax ID (needed for physical global products counterparties)
Column B Country where Headquarters is located
Column C State of Incorporation
Column D Country of Incorporation
Column E Counterparty Name
Column F Dunnes Link ID
Columns G-CU Product Types/Enron Legal Entity

The Europe Tab is set as follows:

Column A Country of Incorporation
Column B Counterparty Name
Column C Dunnes Link ID
Columns D-CR Product Types/Enron Legal Entity

The matrix is blank assuming that all counterparties can trade all product
types/Enron Legal Entity.  The above  responsibility groups will need to
perform a detailed review by placing a "X" in the intersection of the
counterparty/product types indicating that that Product Type should not be
offered to that counterparty.

This review needs to be completed by no later than cob August 4, 1999 so that
we can remain on our overall click trading schedule.

Regards,

Kevin
x73206


Teco Tap       60.000 / Enron ; 65.000 / HPL IFERC

LS HPL LSK IC       15.000 / HPL IFERC


did you buy your ene yet?

"Larry W. Bass" <lwbthemarine@bigplanet.com> on 09/05/2000 12:50:57 PM
To: Eric.Bass@enron.com
cc:
Subject: Re: Bonnie

Why pray tell do you need to leave by 11:45? Details please.-L

----- Original Message -----
From: <Eric.Bass@enron.com>
To: <lwbthemarine@bigplanet.com>
Sent: Tuesday, September 05, 2000 12:17 PM
Subject: Re: Bonnie

>
> 2. we will probably come out around 10 b/c i need to leave by 11:45 or so
>
>
>
>
> "Larry W. Bass" <lwbthemarine@bigplanet.com> on 09/05/2000 12:03:12 PM
>
> To:   Eric.Bass@enron.com
> cc:   jason <jason.bass2@compaq.com>, KATHY BASS
<daphneco64@bigplanet.com>
> Subject:  Re: Bonnie
>
>
> That is fine with me. How many?-Dad
>
>
>
>
> ----- Original Message -----
> From: <Eric.Bass@enron.com>
> To: <lwbthemarine@bigplanet.com>
> Sent: Tuesday, September 05, 2000 11:56 AM
> Subject: Re: Bonnie
>
>
> >
> > can we make it 10:30?
> >
> >
> >
> >
> > "Larry W. Bass" <lwbthemarine@bigplanet.com> on 09/04/2000 02:23:34 PM
> >
> > To:   jason <jason.bass2@compaq.com>, eric preston bass
> >       <Eric.Bass@enron.com>
> > cc:
> > Subject:  Bonnie
> >
> >
> >
> > Howdy. Bonnie will be here Thursday, for a week. If  you guys are
> > available, we thought we would take all to Brunch @ SWCC, 11 a.m.
> Sunday.
> > Girls are invited. Let me know if you can make it and if your better
> > halves will accompany you. Do so, please, by Wed., so I can make the
> > reservations.-Dad
> >
> >
> >
> >
>
>
>
>
>


This message is intended for eHRonline users only.

Due to a recent change to eHRonline, the URL (aka "Web address") for
accessing eHRonline needs to be changed on your computer.  The change
involves adding the letter "s" to the "http" reference in the URL.  The URL
for accessing eHRonline should be:   https://eHRonline.enron.com.

This change should be made by those who have added the URL as a favorite on
the browser.


Its NOT a name change, the Two calpine companies are merging and the survivor
company is Calpine Energy Services. Calpine Power record will be inactivated
on the 1st of next month. Merger docs had been forwarded to you. If not give
Cheryl Johnson a call and she can forward that.

For RAG......At the time I sent out the spreadsheet in order to meet the EOL
deadline the GCP system showed the old name. Now the system had been updated
by Cheryl to reflect the correct name. For further details, on that contact
Karen Lambert since we have to send the spreadsheet out ASAP everyday to her,
by a certain time, with the information as it appears in GCP.

P.S. Check in GCP System since thats the most updated information you can
find. If a name change, merger or acquisition is in process, CHERYL JOHNSON
or MARILYN COLBERT would know best why?

---------------------- Forwarded by Adnan Patel/Corp/Enron on 11/14/2000
10:13 AM ---------------------------
From: Tana Jones@ECT on 11/14/2000 10:05 AM
To: Adnan Patel/Corp/Enron@ENRON
cc:
Subject: Re: ClickPaper approval

If we both agree that the counterparty should now be RAG Coal Sales of
America, shouldn't your spreadsheet reflect that name?  I'm confused.

	Adnan Patel@ENRON
	11/14/2000 09:57 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: ClickPaper approval

GCP does have the correct name on file. The company changed its name from
Cyprus Amax Coal Corporation to RAG American Coal Sales Company and then to
RAG Coal Sales of America. I had talked to the legal when I first found out
and provided Cheryl Johnson in Global SAP, with all the name change
documents. You may contact her at x33103 in order to request
those........................Adnan

From: Tana Jones@ECT on 11/14/2000 08:58 AM
To: Adnan Patel/Corp/Enron@ENRON
cc:
Subject: Re: ClickPaper approval

Can you check on the name of RAG American Coal Sales Company.  We have a note
in our Financial Trading Agreement database that pursuant to a Certificate of
Amendment filed with the Delaware Secretary of State, RAG American Coal Sales
Company further changed its name to RAG Coal Sales of America, Inc. on
4/6/2000.  Our file is missing so I cannot find the hard copy of the name
change.  Thanks.

	Adnan Patel@ENRON
	11/10/2000 09:25 AM

		 To: Karen Lambert/HOU/ECT@ECT
		 cc: Camille Gerard/Corp/Enron@ENRON, Jarrod Cyprow/HOU/ECT@ECT, Mary G
Gosnell/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT,
Paul Radous/Corp/Enron@ENRON, Tom Moran/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT,
Frank L Davis/HOU/ECT@ECT, Noel Petterson/Corp/Enron@Enron, Walter
Guidroz/NA/Enron@Enron
		 Subject: Re: ClickPaper approval

Attached is the list of GCP Signoffs on Clickpaper Approvals for 11-09-00,
marked in RED

Adnan

Walter Guidroz
11/08/2000 05:21 PM
To: Camille Gerard/Corp/Enron@ENRON, Jarrod Cyprow/HOU/ECT@ECT, Mary G
Gosnell/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Tanya Rohauer/HOU/ECT@ECT, Paul Radous/Corp/Enron@ENRON, Tom
Moran/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Karen
Lambert/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Frank L
Davis/HOU/ECT@ECT, Noel Petterson/Corp/Enron@Enron, Walter
Guidroz/NA/Enron@Enron
cc:
Subject: ClickPaper approval

Attached is a ClickPaper approval for November 9, 2000.  Also, I will be out
of the office in a training class Thursday and Friday.  For ClickPaper credit
assistance on those days please call the Credit Hotline at 3-1803.  Thanks.

Walter


I would like to purchase 2 of the $20 General Admin Tickets fo New Year's
Eve.  Please call me at work 713-345-8274 with info on how to pick them up.

Thank You,

Errol L. McLaughlin
Enron, NA
Lead - Nat ural Gas Financial Trading Risk Mgmt
713-345-8274 wk
713-305-1502 cell
713-707-1353 pgr


Per earlier e-mail.
----- Forwarded by Genia FitzGerald/HOU/ECT on 05/15/2001 07:36 AM -----

	Rhonda L Denton
	05/14/2001 03:03 PM

		 To: Genia FitzGerald/HOU/ECT@ECT
		 cc:
		 Subject: From MEGA; Consent to Assignment....

Please assign to an attorney.  Thanks.
---------------------- Forwarded by Rhonda L Denton/HOU/ECT on 05/14/2001
03:03 PM ---------------------------

"Drew, Kristina" <DrewK@merchantenergy.com> on 05/14/2001 03:00:25 PM
To: "'rhonda.l.denton@enron.com'" <rhonda.l.denton@enron.com>
cc: "Abba Gana, Mustapha" <AbbaGanaM@merchantenergy.com>
Subject: From MEGA; Consent to Assignment....

Rhonda,

Please find attached for your review, a Consent to Assignment Agreement
between us, Enron Power Marketing, Inc. and Morgan Stanley Capital Group
Inc.  We would like to have the document ready to execute at about the same
time we execute the derivatives Consent to Assignment Agreement with Enron
North America, and we are waiting for FERC approval on the Physical Power
Sales as well.  I just wanted to present the agreement to you now, so that
if it is necessary, we have time to discuss any concerns.  I look forward to
talking with you to work toward the execution of the Agreement.

 <<EPM (POWER) Assignment Consent Agreement 042501.doc>>

Thanks,

Kristina M. Drew
Contract Administrator
Merchant Energy Group of the Americas, Inc.
410.295.1708

 - EPM (POWER) Assignment Consent Agreement 042501.doc


---------------------- Forwarded by Patrice L Mims/HOU/ECT on 09/13/2000
08:04 AM ---------------------------

Patrice L Mims
09/12/2000 05:06 PM
To: Melba Lozano/HOU/ECT@ECT
cc:
Subject: New Product Description

Hey Melba,

This is the description I need for the new product:

The interconnection between Alliance Pipeline Company and ANR Pipeline
Company located in Will County, Illinois

I need this product set up ASAP, so let me know.

Thanks so much and sorry for the rush!!!!


[IMAGE]

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Friday, December 15, 2000
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All dates, acts= , and ticket prices are subject to change without notice. A
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        =20 Terms and Conditions of Use. =A91999-2000 SFX Entertainment Inc.
All = rights reserved.


Fred,

I think Kathleen will be a big help to all of us in improving the flow of
paper.  I trust her to work up initial drafts of option agreements, subject
to my quick review and the review of local counsel.

Thanks for your cooperation.

kay

Fred Mitro@ECT
10/11/2000 10:46 AM
To: Kay Mann/Corp/Enron@ENRON
cc: Rusty Stevens/Corp/Enron@ENRON

Subject: Re: Schaeffer Property - Livingston County, Illinois

Kay:

The Fehrs and Ledfords did sign their respective option agreements last week
prior to our Zoning Board of Appeals meeting.  I am expecting Karen Way to
forward you an executed original copy of each agreement.  I will check with
her on the status of this.

With regard to the policy, I understand your point.  Rusty and I will work to
better co-ordinate with you in the future.  Perhaps we can lever off of
Kathleen for agreements such as the Schaeffer option.

Let me know.

Fred

	From:  Kay Mann @ ENRON                           10/10/2000 08:51 AM

To: Rusty Stevens/Corp/Enron@ENRON, Fred Mitro/HOU/ECT@ECT
cc:
Subject: Schaeffer Property - Livingston County, Illinois

Hi Guys,

Enron policy requires that the assignment of tasks to outside counsel go
through (or at least be coordinated with) the legal department.  In the
future, please let me know what you need so that there can be some order to
the process.

Did the Fehrs and Ledfords sign the option agreements?

Thank you,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/10/2000 08:47
AM ---------------------------

"Way, Karen S. - CHI" <karen.way@piperrudnick.com> on 10/09/2000 02:52:14 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "'rusty.stevens@enron.com'" <rusty.stevens@enron.com>,
"'fred.mitro@enron.com'" <fred.mitro@enron.com>, "Gershon, Mark A. - CHI"
<Mark.Gershon@piperrudnick.com>, "Townsend, Christopher J. - CHI"
<chris.townsend@piperrudnick.com>, "Shindler, Donald A. - CHI"
<Donald.Shindler@piperrudnick.com>

Subject: Schaeffer Property - Livingston County, Illinois

Kay:

This morning, Rusty requested that we prepare an Option Agreement for the 29
acre parcel west of the Livingston Energy Center.  This property could be
used as a construction laydown site, but more importantly would provide a
sound buffer for the project.  It is our understanding that the Option
Agreement is to be presented to the property owner at some point next week.
We will forward a draft of the agreement to you no later than Monday,
October 16, 2000.  Please feel free to call me or Don Shindler
(312-368-2175) with any questions regarding the agreement.  Best regards.

Karen S. Way
Piper Marbury Rudnick & Wolfe
203 N. LaSalle
Chicago, Illinois 60601
email:  karen.way@piperrudnick.com
(ph) 312-368-2152
(fax) 312-630-6347

____________________________________________________________________________
The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________


Compliments of Madison Energy Advisors, Inc.
 <<WMR100800.xls>>

 - WMR100800.xls


After interviewing the short list of candidates, the Managing Directors of ETS met today to narrow the list to the final two.  They are;
	Everett Plante
	Brad Holmes

Mark, you will be contacted by HR to schedule an interview with each of these individuals.  Stan Horton will also be asked to interview them.  A final decision can be made at the conclusion of those discussions.

Expediting this decision will assist me in taking on my new responsibilities.

If there is any information I can provide you on the responsibilities of the current EGS position or on either of the candidates please let me know.

Thank you.


-----Original Message-----
From: 	"Dan Watkiss" <dwatkiss@bracepatt.com>@ENRON [mailto:IMCEANOTES-+22Dan+20Watkiss+22+20+3Cdwatkiss+40bracepatt+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, August 02, 2001 1:01 PM
To:	jsteffe@enron.com; Robertson, Linda; ray.alvarez@enron.com; rfrank@enron.com; Shapiro, Richard; snovose@enron.com
Cc:	gfergus@brobeck.com; Sanders, Richard B.; seabron.adamson@frontier-economics.com; sbishop@gibbs-bruns.com
Subject:	Schedule for Puget Sound PNW Refund Case

Below is the procedural schedule that Judge Cintron established for the PNW refund case.  Please call if you have any questions.

8/3  Answers to Intervention Motions
        Designation of Groups of Like Interests
        Staff to propose template (filter) identifying sales and purchases
              that must be submitted
8/7   Comments on template
8/9    ALJ issuance of final template
8/16  Parties submit transactions that fit in template
          Parties submit stipulation of issues
8/17  Refund claimaints submit affirmative case
8/20  Parties submit join stipulation on the treatment of ripple claims (claims                  for refunds up the daisy chain)
8/22  Parties from whom refunds are sought submit responsive cas
8/27  Refund claimants submit rebuttal cas
9/4-6 Hearing
9/17   Parties submit proposed findings and post hearing briefs

Jeffrey D. (Dan) Watkiss
Bracewell & Patterson, LLP
2000 K St., N.W.
Suite 500
Washington, D.C.   20006-1872
(202) 828-5851
dwatkiss@bracepatt.con
jdwatkiss@aol.com


Presenters:  Pat Brennan and I attended the Virtual Power meeting this
morning representing Regulatory.  Drew and Dari were there from law.  Drew
led the presentation and covered the matrix/template that out study group
submitted earlier.

Audience:  Rockey Storie, Kevin Hyatt, Bob Burleson in Houston.  Kent Miller
and Tim Johanson in Omaha.

The material, presentation and discussion was well received and timely.
Rockey indicated that, in a recent status meeting with Danny McCarty, Danny
had asked if the commercial people were discussing their proposed deals with
Law and Regulatory.  Rockey responded that there had been contact and
discussion under way.

As for the discussion, the audience easily and quickly picked up on the
template format with most of the questions/comments focusing, as one might
expect, on revenue/COS bottom line issues.  Pat was able to provide
additional definition and comment to the group discussion and template
display.

Dari led us through the "jurisdictional" issues regarding electric and gas
service.  The abandonment of service concern that we expressed at the study
group meetings was more or less put to bed when Marketing responded that,
based on field operations input, turn-around time to stop a turbine, engage a
different operation (e.g., run a compressor) could be accomplished in 1 -2
hours.  "Gearbox" technology to shift operations is available.  We also
touched on the jurisdictionality issue associated with the purchase of a
compression service  - ala monetization.

Other concepts were brought up with regard to deal structure and financing
alternatives but were tabled for the moment.  There was also a question, to
be pursued, regarding air quality/permits using the engine to compress for
natural gas service vs running a generator.

I really feel that the meeting was successful and appreciated in that, at the
least, we were able to congeal much info on the matrix and facilitate what
could have been a very lengthy discussion into a relatively brief meeting.
Drew concluded by stating that the template should not be distributed outside
ETS.  He suggested that, on a case-by-case basis, our study group of Legal
and Regulatory personnel could quickly respond to case specific issues in a
customized response that the commercial dealmaker could provide to their
client(s).


Enron and Dynegy each announced today that they are holding discussions about a possible merger of the two companies.  As you know, Dynegy is a major player in the energy marketplace, and is not only a competitor, but also a counterparty of Enron.  This is just one of several options that we are considering.

Upon receipt of this announcement, the NYSE briefly suspended trading of both Enron and Dynegy.  We have no additional information we can share at this time.  We'll keep you updated as developments occur.