February 1, 2001
Notice No.:  01-48

2001/2002 NEW YORK MERCANTILE EXCHANGE, INC. AND
 COMMODITY EXCHANGE, INC. COMMITTEES

The Committees for 2001/2002 are now in the process of being formed.  If you
are interested in serving on any Exchange committee or wish to recommend that
a non-member, industry participant be appointed to a committee, please fill
out the attached committee request form and return the form NOT LATER THAN
FRIDAY, FEBRUARY 16, 2001 to Donna M. Talamo, Office of the Corporate
Secretary, New York Mercantile Exchange, Inc, One North End Avenue, Room
1548, New York, NY  10282 (or fax at 212-301-4645).

The number of requests usually exceeds the number of committee positions
available.  However, we will do our best to accommodate as many requests as
possible.  There will also be the opportunity for appointments during the
year as special committees are formed and vacancies occur.  Your interest in
serving on an Exchange committee is sincerely appreciated.

Attached for your reference is a list of the various Exchange committees with
a brief description of each.

Inquiries regarding the aforementioned may be directed to Donna M. Talamo at
(212) 299-2372.

NEW YORK MERCANTILE EXCHANGE, INC. COMMODITY EXCHANGE, INC. 2001/2002
COMMITTEE DESCRIPTIONS

NYMEX ACCESSc ADVISORY COMMITTEE:  Responsible for reviewing and recommending
action to the Board on proposals and programs with respect to enhancing the
use of NYMEX ACCESSc in Exchange trading both domestically internationally.

NYMEX ACCESSc TRADE REVIEW COMMITTEE:  Responsible for reviewing the
circumstances surrounding NYMEX ACCESSc transactions to determine whether a
transaction should be cancelled.

ADJUDICATION COMMITTEE:  Responsible for hearing and deciding all
disciplinary proceedings brought against members by the Compliance Department
upon the recommendation of the Business Conduct Committee.

ALUMINUM ADVISORY COMMITTEE:  Responsible for providing technical advice to
the Board with respect to appropriate amendments to the Exchange,s aluminum
contract to keep it current and relevant.

APPEALS COMMITTEE:  Responsible for reviewing actions by the Adjudication
Committee when requested to do so by a respondent subject to an adverse final
decision of the Adjudication Committee.

ARBITRATION COMMITTEE:  Conducts Arbitrations between members and between
members and the trading public with respect to disputes concerning
transactions and business on the Exchange.

BUSINESS CONDUCT COMMITTEE:  Responsible for reviewing Compliance
recommendations with respect to disciplinary actions against members and
recommending appropriate action to the Adjudication Committee or Board.

BY-LAWS COMMITTEE:  Responsible for drafting all amendments and proposals for
By-Laws on the Exchange.

CHAIRTABLE FOUNDATION COMMITTEE:  Initiates, oversees, reviews and recommends
charitable organizations that are in need of contributions by the NYMEX
Foundation to the Executive Committee.  The Committee works closely with
members and their respective charities to positively promote the efforts of
the Exchange.

CLEARING HOUSE COMMITTEE:  Responsible for the oversight of the Exchange,s
clearing house, especially with respect to the analysis and recommendation
for the implementation of new procedures affecting clearing.

COAL ADVISORY COMMITTEE:  Responsible for providing technical advice to the
Board with respect to the development of a coal contract.

COMPLIANCE REVIEW COMMITTEE:  Responsible for reviewing the Exchange,s
compliance and self regulatory programs.

CONTROL COMMITTEE:  Consists of subcommittees for each commodity trading on
the Exchange and is responsible for reviewing and when necessary endeavoring
to correct any circumstances which might interfere with the orderly
functioning of the markets.

COPPER ADVISORY COMMITTEE:  Responsible for providing technical advise to the
Board with respect to appropriate amendments to the Exchange,s Copper
contract to keep it current and relevant.

CRUDE OIL ADVISORY COMMITTEE: Responsible for providing technical advise to
the Board with respect to appropriate amendments to the Exchange,s Crude Oil
contract to keep it current and relevant.

DELIVERY COMMITTEE:  Responsible for reviewing particular deliveries in the
Exchange,s contract to determine whether those deliveries are being conducted
in accordance with contract provisions concerning timing, location and
quality of product delivered.

ELECTRICITY ADVISORY COMMITTEE: Responsible for providing technical advise to
the Board with respect to appropriate amendments to the Exchange,s
Electricity contracts to keep them current and relevant.

EQUITY HOLDERS, ADVISORY COMMITTEE:  Responsible for reviewing and
recommending action to the Board on proposals and programs that address the
concerns of the Equity Holders.

FCM ADVISORY COMMITTEE:  Responsible for reviewing and recommending action to
the Board on proposals and programs that address the concerns of the FCM
community.

FACILITIES COMMITTEE:  Primarily responsible for allocating and ensuring
proper utilization of booths on the trading floor.  Also responsible for
reviewing and recommending to the Board all actions with respect to the
construction and maintenance of the Exchange's Physical plant, with primary
emphasis on the trading floor.

FINANCE COMMITTEE:  Responsible for general supervision of Exchange financial
affairs and recommending action in that regard to the Board.

FLOOR BROKER ADVISORY COMMITTEE:  Responsible for reviewing and
recommending action to the Board on proposals and programs that address the
concerns of the floor broker community.

FLOOR COMMITTEE:  Responsible for maintaining orderly trading, good order and
decorum on the floor as well as suggesting policies which affect the trading
floor to the Board.

GOVERNMENT RELATIONS COMMITTEE:  Responsible for supporting and expanding
communication and understanding of the NYMEX marketplace and related issues
to elect government officials at the national, state and local levels.
Members of the NYMEX Government Relations Committee are called upon to
represent NYMEX at visits of political office holders to the Exchange, at
federal, state and local politicians.

INSTITUTIONAL MONEY MANAGEMENT ADVISORY COMMITTEE:  The Committee will
include CTAs, CPOs, hedge funds, pension funds, investment consultants, FCM
institutional marketing staff and academic specialists.  The Committee,s role
will be threefold:  to advise the Exchange on the most effective ways to
market to institutional customers, including public and corporate pension
funds, endowments and insurance companies; to advise on how to support the
growth of the managed futures industry,s diversified funds, which trade NYMEX
contracts; and to advise the Exchange on the investment and trading needs of
institutional customers related to NYMEX contract rules and specifications.

LOCALS, ADVISORY COMMITTEE:  Responsible for reviewing and recommending
action to the Board on proposals and programs that address the concerns of
the local community.

MARGIN COMMITTEE:  Responsible for reviewing the volatility of COMEX
contracts to determine whether margins should be altered.

MARKETING COMMITTEE:  Advises the Board on marketing goals and strategies, on
developing tactics for reaching the goals.  Separate advisory subcommittees
specialize in key geographic regions to guide the Marketing Committee on the
indigenous business and cultural environments in the target areas.

MEMBERSHIP COMMITTEE:  Reviews matters relating to individual applications
for membership, conferring of membership privileges on firms and the transfer
of memberships.

METALS ADVISORY COMMITTEE:  Responsible for providing technical advice to the
Board with respect to appropriate amendments to the Exchange,s metals
contracts to keep them current and relevant.

NATURAL GAS ADVISORY COMMITTEE: Responsible for providing technical advise to
the Board with respect to appropriate amendments to the Exchange,s Natural
Gas Contract to keep it current and relevant.

OPTIONS ADVISORY COMMITTEE:   Responsible for providing technical advice to
the Board with respect to appropriate amendments to the Exchange,s options
contract to keep them current and relevant.

PETROLEUM PRODUCTS ADVISORY COMMITTEE (Heating Oil and Gasoline): Responsible
for providing technical advise to the Board with respect to appropriate
amendments to the Exchange,s Heating Oil and Gasoline contracts to keep them
current and relevant.

PLATINUM ADVISORY COMMITTEE:  Responsible for providing technical advise to
the Board with respect to appropriate amendments to the Exchange,s Platinum
contract to keep it current and relevant.

PRECIOUS METALS ADVISORY COMMITTEE:  Responsible for providing technical
advise to the Board with respect to appropriate amendments to the Exchange,s
Gold and Silver contracts to keep them current and relevant.

PROPANE ADVISORY COMMITTEE:  Responsible for providing technical advise to
the Board with respect to appropriate amendments to the Exchange,s Propane
contract to keep it current and relevant.

RULES COMMITTEE:  Responsible for making recommendations to the Board for
consolidating the rules of the NYMEX Division and COMEX Division and
amendments to and deletions from Term Sheet Rules.

SETTLEMENT COMMITTEE:  Establishes the settlement price of the Exchange,s
contracts on a daily basis, pursuant to procedures set forth in the rules of
the Exchange.

STOCK INDEX & FUTURES COMMITTEE:  Responsible for providing technical advise
to the Board with respect to the development of equity-related futures
products.

TECHNOLOGY COMMITTEE:  Responsible for reviewing and recommending action to
the Board on proposals and programs with respect to enhancing the use of
technology in Exchange trading, clearing, information and communications
systems.

TRAINING AND EDUCATION COMMITTEE:  Oversees, reviews, directs and in some
cases, participates in the various training programs that support the
Membership, their staff and the operation of the Exchange.  This includes
training programs for floor and back office staff in support of the
Membership and NYMEX ACCESSc certification and training.  Reviews and
recommends to the Board, training and education proposals and plans that may
have significant impact on the successful implementation of the Exchange,s
policies, procedures and strategies.

NEW YORK MERCANTILE EXCHANGE, INC.
COMMODITY EXCHANGE, INC.
2001/2002 COMMITTEE REQUEST FORM

_______________________________
Name (Please print)

______________________
Trading Badge Symbol

_______________________________
Firm Affiliation

_______________________________

_______________________________
Address

____________________________
Telephone Number

 ______________________
e-mail Address

I am:  (Please check at least one of the boxes below.)

1.   <caron>  a NYMEX Division Member
2.   <caron>  a COMEX Division Member
3.   <caron>   Other
I am interested in serving on the following Exchange committees:

1.  __________________________

2.  __________________________

3.  ___________________________

4. ____________________________

5.  __________________________

6.  __________________________

7.  ___________________________

8. ____________________________

9.  __________________________

10.  __________________________

PLEASE RETURN TO MS. DONNA TALAMO, OFFICE OF THE CORPORATE SECTRETARY, NEW
YORK MERCANTILE EXCHANGE, INC., ONE NORTH END AVENUE, ROOM 1548, NEW YORK,
NY  10282 (OR FAX 212-301-4645) NOT LATER THAN FRIDAY, FEBRUARY 16, 2001.

__________________________________________________
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I look forward to seeing you Thursday evening, February 15, at the Texas
Public Policy Foundation ("TPPF") event, "A Farewell Evening with Lady
Margaret Thatcher."  Wendy Gramm, who serves on our Board, is the Chairman of
the Board of the TPPF.  The TPPF is a state research institute guided by the
core principles of limited government, free enterprise, private property
rights and individual responsibility.  TPPF is similar in many respects to
the Heritage Foundation in Washington, D.C., but focuses on state issues.

Below are the pertinent details for the event.  Please call Rebecca Carter
(x3-7241) or Sherri Sera (x3-5984) if you have any questions.

Location:      Doubletree Hotel
       2001 Post Oak Blvd
       713.961.9300

Private Reception & Photo Opportunity:  6:00 p.m.

Main Reception:     6:30 p.m.

Dinner:      7:00 p.m.

Attendees:      Jeff Skilling & Rebecca Carter
       Louise Kitchen & Marcus Nettleton
       Dan & Pamela Leff
       Jim & Elizabeth Fallon


I don't know.  Call Stacy Fitzgerald in IT group to find out   Her number is 56045

 -----Original Message-----
From: 	Jones, Tana
Sent:	Thursday, October 25, 2001 9:54 AM
To:	Holsworth, Mark
Subject:	FW: Looking for signed NDAs

Mark,

Mark Greenberg asked me to check with you to see if Enron Corp. ever got Confidentiality Agreements in place with either True Exchange or BizBots?  Can you please let me know.  Thanks!
 -----Original Message-----
From: 	Young, Kay
Sent:	Thursday, October 25, 2001 9:44 AM
To:	Jones, Tana
Subject:	RE: Looking for signed NDAs

Kay Young
Legal Specialist
Enron North America Corp.
Ph:   713-853-6794
Fax: 713-646-3393

 -----Original Message-----
From: 	Jones, Tana
Sent:	Wednesday, October 24, 2001 3:43 PM
To:	Young, Kay
Subject:	Looking for signed NDAs

Do you have copies of any of the following NDAs?

At the Moment - yes, expired
True Exchange - no, never had one
BizBots - no, never had one


Here are my drafts of letters for ECT and Seagull regarding the transfer of
Seagull's positions at E.D.&F. Man.   Please let me know if you have any
questions.


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	Monday February 11, 2002	iOTC
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[IMAGE]   [IMAGE]       Exploration [IMAGE]      [IMAGE]     [IMAGE]  Two Major Oil Fields Discovered in Columbia  Joint-venture partners of Colombia's Ecopetrol have found two new oil fields in eastern and southern Colombia with reserves of about 100 million barrels each.  Reliance Begins Major Exploration Program Offshore India  Reliance Industries will begin its ambitious three-year, $350 million offshore oil and gas exploration program in April of this year.    [IMAGE]   [IMAGE]       Production [IMAGE]      [IMAGE]     [IMAGE]  WesternGeco Launches Wester! n Neptune Q-Marine Vessel  WesternGeco announced that the Western Neptune, the company's highest capacity Q-Marine seismic survey vessel, will begin a large multi-client survey in the Gulf of Mexico in early March.  Halliburton Brings Subsea Viking to Gulf of Mexico  Halliburton Subsea is deploying its ultra modern multi-purpose support vessel, MSV Subsea Viking, to the Gulf of Mexico on a long-term basis.    [IMAGE]   [IMAGE]       Company & Financial News [IMAGE]      [IMAGE]     [IMAGE]  CHC Wins New North Sea Contract  CHC Helicopter Corporation has been awarded a 30-month contract by Kerr-McGee North Sea (U.K.) Limited.  Hunt Awards Camisea Project to KBR  Hunt Oil Company has signed! an agreement with Kellogg Brown & Root to conduct a Front End Engineering Design study for the Camisea LNG project.  Statoil Sells Agip a Percentage of Mikkel  Agip will buy 7.9 percent of the Mikkel development in the Norwegian Sea from Statoil, and has secured an option in the same deal to acquire 7.9 percent of the nearby Tyrihans discovery.    [IMAGE]   [IMAGE]       Last 7 Days Top Stories [IMAGE]      [IMAGE]     [IMAGE]  Varco Revenue Up 46%  Varco's net income in 2001 more than doubled that of 2000.  Kvaerner and Aker Form Shipbuilding Company  Kvaerner and Aker RGI will establish a jointly owned shipbuilding management company. Together, the two groups own 12 shipyards in Europe, and on! e in the USA and Brazil.  Vanco Awarded Acreage Offshore Equatorial Guinea  Vanco Energy has been awarded a 10% interest in Block N offshore Equatorial Guinea.  West Navion Experiences More Delays  Operations on the drill ship, West Navion, offshore Canada continues to be suspended, due to repair work on the main sheaves in the RamRig derrick.  CNR Turns On the Tap At Espoir Field Offshore Cote d'Ivoire  Canadian Natural Resources Limited announces that oil production from the Espoir Field, offshore Cote d'Ivoire, Africa, commenced on February 4, 2002 at 8,500 barrels per day.  Unocal Secures OPIC Funds  OPIC will be providing support of up to $350 million in OPIC financing for two of! Unocal's offshore oil and natural gas projects in Indonesia.   McMoRan Sells Main Pass 299 Facilities to OFS  McMoRan Exploration Co. has made an agreement to convey all of FSC's rights, title and interest in its Main Pass 299 sulphur and oil and gas leases and facilities to Offshore Specialty Fabricators, Inc.   Kuwaiti Oil Minister Offers to Step Down  Kuwaiti members of parliament have called for the resignation of the entire government following last week's explosion at an oil plant where four workers were killed and sixteen were injured.  Transocean Sedco Forex Announces 2001 Results  Transocean Sedco Forex Inc. reported a fourth-quarter profit after one-time charges pushed it to a loss in the same period of 2000.  PDVSA Begins 3 Year Offshore Exploration Program  PDVSA's justlaunched a three-year, $375 million offshore natural gas exploration program in the Atlantic near the Deltana platform area.  ChevronTexaco Announces 2002 Spending Budget  ChevronTexaco Corp. is reducing its capital spending this year by 22 percent from 2001 due mainly to merger-related efficiencies.  Magnum Hunter Outlines Plans for Gulf of Mexico Exploration  The Company has made plans to participate in a minimum of seven exploration wells in the GOM during 2002.    [IMAGE]   [IMAGE]       Upcoming Oil & Gas Industry Events [IMAGE]    [IMAGE]   [IMAGE]  Feb. 10    2002 SPE International Petroleum Conference & Exhibition in Mexico  Villahermosa Feb. 26    2002 IADC/SPE Drilling Conference and Exhibition   Dallas Feb. 26    Offshore Oil and Gas Safety Seminars  Aberdeen Feb. 27    Human Resources in Oil & Gas  Aberdeen Mar. 10    AAPG Annual Meeting  Houston Mar. 17    Oil Field Chemistry Symposium - 13th International  Geilo Mar. 20    LNG North America  Houston Apr. 2     e-Business in the E?Industry - Targeting the ! 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Tammi  here is the draft that was sent to Sandra Haskins in Feb of this year.

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


GREAT!!!

Let me know if it's to be Fri & Sat, or Sat and Sun.? Heck, I hope all ten of
you come up!? We have one other very experienced English style rider on
Saturday...can he join you??

All the best,

Lari


Start Date: 4/7/01; HourAhead hour: 3;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040703.txt


We have received an executed Master Agreement:

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

Effective Date:   May 31, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   The Tudor BVI Global Portfolio LTD.

Transactions Covered:  Approved for all products with the exception of:  Pulp
and Paper


As promised, please find the attached agenda for our follow-up meeting regarding CPM and additional P&L requirements.  See you at 1:00...

Steve


Cathy, I plan to be on vacation next week and therefore will not be at the
December 18th staff meeting.

	From:  Cathy Phillips                           12/13/2000 11:05 AM

To: Mark Frevert/NA/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Doug Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alan
Aronowitz/HOU/ECT@ECT, Pierre Aury/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT, Rick
Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathryn
Corbally/Corp/Enron@ENRON, Jeff Donahue/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT, Shanna
Funkhouser/Corp/Enron@ENRON, Eric Gonzales/LON/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Larry
Lawyer/NA/Enron@Enron, Chris Mahoney/LON/ECT@ECT, George
McClellan/HOU/ECT@ECT, Thomas Myers/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT,
Jere C Overdyke/HOU/ECT@ECT, Beth Perlman/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, Cindy Skinner/HOU/ECT@ECT, Stuart
Staley/LON/ECT@ECT, Mark Tawney/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron,
Lisa Yoho/NA/Enron@Enron
cc: Nicki Daw/NA/Enron@Enron, Cathy Phillips/HOU/ECT@ECT, Jennifer
Burns/HOU/ECT@ECT, DeMonica Lipscomb/Corp/Enron@ENRON, Yvonne
Francois/Corp/Enron@Enron, Angie Collins/HOU/ECT@ECT, Donna
Baker/HOU/ECT@ECT, Helen Marie Taylor/HOU/ECT@ECT, Chantelle
Villanueva/HOU/ECT@ECT, Betty J Coneway/HOU/ECT@ECT, Patti
Thompson/HOU/ECT@ECT, Cherylene R Westbrook/HOU/ECT@ECT, Candace
Parker/LON/ECT@ECT, Joya Davis/HOU/ECT@ECT, Sharon Purswell/HOU/ECT@ECT,
Gloria Solis/HOU/ECT@ECT, Brenda J
Johnston/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kim
Hickok/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan McCarthy/LON/ECT@ECT, Paula
Forsyth/Corp/Enron@ENRON, Kristy Carnes/NA/Enron@ENRON, Shirley
Crenshaw/HOU/ECT@ECT, Jody Underwood/NA/Enron@ENRON, Kathleen D
Hardeman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stuart
Cichosz/Corp/Enron@ENRON, Joyce Dorsey/HOU/ECT@ECT, Judy Zoch/NA/Enron@ENRON
Subject: EGM Staff Meeting

Just a reminder that the EGM weekly staff meeting will take place on Monday,
December 18th, from 8:30 - 9:30 a.m., in videoconference room EB 32C2.  Due
to the company holiday schedule, please note the following schedule of
meetings for the next three weeks.

 Monday, December 18th 8:30 - 9:30 a.m.  EB 32C2
 Monday, December 25th CANCELLED
 Tuesday, January 2nd  8:30 - 9:30 a.m.  EB 30C1

The staff meetings will resume on Monday, January 8th, in EB 32C2, as
regularly scheduled and will continue on a weekly basis on every Monday at
the same time and location unless notified otherwise.

Please let me know if you will be unable to attend the meeting on Monday,
December 18th.  I will send reminders for both the January 2nd and 8th
meetings as the dates approach.  Thank you.

Cathy Phillips
X-36898


January 15, 2002

TEXAS EASTERN TRANSMISSION (TE) pipeline system is scheduled to capacity
with gas exiting the STX, ETX and M1-24 Inch zones. No intra-day
nominations for gas leaving these zones or for additional physical
supply will be accepted.

Please contact your Operations Account Manager if you have any
questions.

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

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Tell him he is dropping to the B list.

It was sent via fax to her.

Kay

	From:  Kathleen Carnahan                           05/18/2001 04:24 PM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Patty Clark bcc

"Stuart worry wort" wanted me to confirm that Patty Clark was bcc'd on the
Westinghouse letter.

K-


-----Original Message-----
From: 	Lebrocq, Wendi
Sent:	Wednesday, October 24, 2001 5:31 PM
To:	Bradford, William S.; Lees, Lisa; Fayett, Juana; Le, Trang; Maley, Paul; O'day, Karen; Rohauer, Tanya; Lombardi, Kelly; Lindsay, Brian; EOL Call Center; Hare, Bill D.; Heffernan, Amy; Lafuze, Molly; Clark, Danny; Panus, Stephanie; Mandola, Teresa; Ebow, Amber; Coleman, Tandra; Campbell, Lesli; Lebrocq, Wendi; Taylor, Mark E (Legal); Lauer, Kara; Banner, Kimberly; Mcquade, Jennifer; George, Fraisy; Guillory, Michael; Rajaram, Aparna; Monterrey, Maribel; Lebeau, Maria; Escamilla, Albert; Lebrocq, Wendi; Global Emerging Businesses; Lambert, Karen; Jones, Tana; Schott, Samuel; Brackett, Debbie R.; Clark, Cynthia; Enron Europe Global CounterParty,; Sever, Stephanie; Moran, Tom; Clark, Claudia; Curry, Ken
Subject:	EOL and Clickpaper Approvals for 10-24-01

Please see attached.

Regards,

Wendi Lebrocq
3-3835


----- Forwarded by Jeff Dasovich/NA/Enron on 07/30/2001 10:03 AM -----

 - 7-26-01 Ltr to T Hannigan.doc


Hi, Sal.   Hope you are well.   I was out of town most of last week - and
again Sunday/Monday, so I feel a bit out of it!   How was Meagan's birthday?
Did she pass the driving test?   Did the earrings arrive in time?     Any
other news?   No big news here; just work.  Off to Arlington again on Friday
for a Special Olympics event, then on to a wedding Saturday.   Holiday
Monday.  Yippee!    How do you think the parental units are doing?   (I must
confess, I haven't talked to them too much lately . . . )    love, cara


I will give you my 3rd and 9th round picks for your 2nd.

Let me know.


Do you want to go over to the game in two weeks?  I got four tickets - 2 for
your brother and 1 for me.  Ashley is staying home.  Let me know.
PL


I agree with your strategy

 -----Original Message-----
From: 	Hess, Theresa
Sent:	Thursday, March 21, 2002 10:01 AM
To:	Corman, Shelley
Subject:	GISB Ratification

Shelley,

FYI

A GISB ratification ballot has been distributed.  One item is the 'Base Contract for Sale and Purchase of Natural Gas'.  We did not participate in this effort because it doesn't affect us.

I voted in favor of it at the last EC meeting and plan to support it on the ratification ballot.  Richard Smith of ExxonMobil wants this item to be approved.  He's been very instrumental in getting our Order 637 transactional reporting issues pushed through GISB.  The transactional reporting data sets (EBB usage only) will be voted at the next EC meeting in April.  We may need his support.  Therefore, I'm supporting him on the base contract.

Ratification is due April 19.  I'll route and submit ballot as usual

Thanks,
Theresa


Hi gang,

These are the notes from saturday's section (2).  Keep the questions
coming.  I got a few comments/suggestions on section and if you have any
let me know or let your class rep know.

Bhash
 - Section two notes.doc


Daren,

Just call me Mike.
How about Thursday, the 17th at 1:00.  Let's plan on 1 hour. Can you locate
a conference room?

Mike

-----Original Message-----
From: Daren J Farmer [mailto:dfarmer@ect.enron.com]
Sent: Friday, February 04, 2000 5:23 PM
To: Mam@teamlead.com
Subject:

Michael (or Mike..what do you like to be called?),

My schedule is open Thursday afternoon 1-5pm and Friday 1-4pm.  Let me know
the
what works best for you.  Earlier in the afternoon is usually best for me.

Daren


FYI.  Let's discuss.

Bill

---------------------- Forwarded by William S Bradford/HOU/ECT on 12/21/2000
06:32 AM ---------------------------
   Enron Americas - Office of the Chairman
From: David Delainey and John Lavorato@ENRON on 12/21/2000 02:02 AM
Sent by: Enron Announcements@ENRON
To: ENA Employees
cc: Joe Kishkill/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Brett R
Wiggs/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron, Jeffrey A
Shankman/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT, Jeffrey
McMahon/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT,
Philippe A Bibi/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Frevert/NA/Enron@Enron, Greg
Whalley/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Steven J
Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Ben F
Glisan/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Rick Buy/HOU/ECT@ECT, John
Sherriff/LON/ECT@ECT, Jeff Skilling/Corp/Enron@ENRON, Kenneth
Lay/Corp/Enron@ENRON, Cliff Baxter/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT,
Mark Palmer/Corp/Enron@ENRON
Subject: Re-Alignment

Thanks to all of you, Enron North America has had an outstanding year in
2000.  Some of the more notable accomplishments include:
a) 100% plus increase in EBIT from 1999 actuals to 2000 forecast;
b) significant rationalization of the balance sheet including the sale of the
(i) Wind River/Powder River gathering assets, (ii) East Coast Power
generating assets, (iii) HPL and (iv) five of the six Eastern Peakers;
c) ENA is the leading energy merchant by a factor of two;
d) physical electricity volume grew by 34% YTD 1999 to YTD 2000 forecast;
e) natural gas volumes grew by 82% YTD 1999 to YTD 2000 forecast;
f) 500% growth in daily transactions from November 1999 to November 2000 due
to the highly successful Enron OnLine distribution channel; and
g) ENA reaching its 25% ROCE target.

These are truly outstanding accomplishments and our expectations for growth
and opportunity in Enron North America for 2001 are consistent with that
success.  In order to reach these goals, we felt it necessary to re-align a
number of our organizations. A number of these changes are completed.  The
goals of such re-alignment include:
a) increase overall productivity with the goal to ensure that every employee
is in a position to contribute regardless of skill set;
b) increase overall market coverage, deal flow and information generation
with the goal to increase bid/offer income, increase the velocity of deal
flow, improve customer coverage and promote quality information transfer to
our trading organization;
c) increase deal quality and earnings quality with the goal to (i) allocate
our resources towards the best transactions and (ii) significantly increase
our &mid-market8 originated transactions in our portfolio;
d) promote real time decision making and a closer tie between our trading and
origination (mid-market and structured) organizations in order to better
align those functions to reduce the amount of un-productive internal focus;
e) increase the overall velocity of the capital being utilized consistent
with our goal of a 25% plus return on capital employed; and
f) identify and recognize a host of new leaders in the organization that are
critical to meeting our goals next year.

With these objectives in mind, patterned after the successful business models
in Calgary and Portland, effective immediately the following changes are
being implemented:
a) East Power ) a single East Power Team incorporating trading, mid-market
and origination will be formed under the co-leadership of Kevin Presto and
Janet Dietrich who will report to the Enron Americas - Office of the Chairman
(EA OOC).  This team will have one income statement, one book and a joint
accountability. However, a clear delineation of responsibilities inside these
teams will continue to exist in which the trading organization will manage
the risk, income statement and product development aspects of the
partnership. The originators will have the primary responsibility to generate
origination income, provide coverage, deal flow, lead strategy formulation,
provide information and generate strategic positions.  Overall, the team will
be rewarded based upon increasing the value of the book, meeting
coverage/deal flow targets and meeting its strategic/growth goals in the
Eastern power markets. The team will be responsible for covering the IOU,s,
muni,s/co-ops, industrials and IPP,s and will utilize all ENA,s product
capabilities including the power commodity, assets and capital. The team will
further be broken down into several key strategic regions and business units
including:
  (i) ERCOT ) managed by Doug Gilbert Smith and Bruce Sukaly;
  (ii) NE ) managed by Dana Davis and Jeff Ader;
  (iii) Midwest ) managed by Fletch Sturm and Ed Baughman;
  (iv) SE ) managed by Rogers Herndon and Ozzie Pagan;
  (v) East Power Development ) managed by Ben Jacoby;
  (vi) East Power Structuring  - managed by Bernie Aucoin; and
  (vii) East Power Fundamentals and the &Genco8 ) managed by Lloyd Will

b) West Power ) there will be no changes to the Portland office which is
managed by Tim Belden and Chris Calger .  Both Tim and Chris will continue to
report to the EA OOC.
c) Canada and Mexico ) there will be no changes to the Canadian or Mexican
offices which are managed by Rob Milnthorp and Max Yzaguirre respectively.
Both Rob and Max will continue to report to the EA OOC.
d) U.S. Natural Gas ) there are several changes anticipated in this business
consistent with the goals and objectives described above. The changes
primarily affect the East, Central, West and Texas gas regions. Each region
will consist of a single gas team incorporating trading, mid-market and
origination. Each team will have one income statement, one book and a joint
accountability. However, a clear delineation of responsibilities inside these
teams will continue to exist in which the trading organization will manage
the risk, income statement and product development aspects of the
partnership. The originators will have the primary responsibility to generate
origination income, provide coverage, deal flow, lead strategy formulation,
provide information and generate strategic positions. Overall, the team will
be rewarded based upon increasing the value of the book, meeting
coverage/deal flow targets and meeting its strategic/growth goals in the
Eastern, Western, Central and Texas gas markets.  The team will be
responsible for covering the LDC,s, muni,s/co-ops, industrials, IOU,s, IPP,s
and the producers.  There will be an increasing focus on the upstream side of
the business including the producers, transporters and storage providers in
addition to market area opportunities. The team will utilize all of ENA,s
product capabilities including the gas commodity, assets and capital. Each of
these groups will report directly to the EA OOC;
East Gas ) a single East Gas Team incorporating trading, mid-market and
origination will be formed under the co-leadership of Scott Neal and Frank
Vickers who will be returning from Portland to join this team.
West Gas  ) in a similar manner, a West Gas Team will be formed co-managed by
Phillip Allen and Barry Tycholiz, who will be joining us in Houston from the
Canadian team. The Denver office under Mark Whitt will be integrated under
this team.
Central Gas )  in a similar manner, a Central Gas Team will be formed
co-managed by Hunter Shively and Laura Luce. The Chicago office will be
integrated into this team.
Texas Gas ) the Texas Gas Team will be managed by Tom Martin. This team will
continue to manage the gas trading business around HPL until the pending sale
is concluded in Q2 2001.  After the sale of HPL, this team will build a Texas
gas business without ownership of the HPL assets.
Financial ) this group will continue to be managed by John Arnold with no
significant changes.
Derivatives ) this group, lead by Fred Lagrasta, will offer derivative and
financial mid-market products and services to the natural gas market
specifically targeting CFO,s and treasury departments.  Fred will continue to
maintain certain existing mid-market accounts with a number of producer and
industrial accounts where relationships are well formed. Otherwise,
mid-market coverage will gravitate to the regions. The New York office gas
marketing efforts will continue to be managed by Fred.
Upstream Products ) this group, lead by Jean Mrha, will develop several
distinct product offerings for the upstream segment of the gas market.  This
group will develop and market the product in conjunction with the regions.
This is consistent with our desire to have a broader product offering and
greater market penetration in the upstream segment.  These products include
producer outsourcing, similar to our successful Petro-Canada and Suncor
relationships in Canada, physical storage re-engineering, compressor
services, wellhead liquidity products and offshore asset and capital
products.  In addition, Jean will manage our Bridgeline joint venture with
Texaco.
Gas Structuring ) this group will be lead by Ed McMichael, reporting to Frank
Vickers, will provide structuring and deal support to all the gas teams.
Gas Fundamentals ) this group will be lead by Chris Gaskill, reporting to
Hunter Shively, will provide fundamentals to all the gas teams.

Julie Gomez will continue to support the gas floor through several identified
projects including long-term supply/demand analysis and, natural gas
transportation capacity trading opportunities.

There is an expectation of some customer overlap between the gas and power
groups; for example, the combination utilities and the IPP,s.  The teams will
coordinate with regard to the combination utilities like Con. Edison or
PG&E.  With regard to the IPP,s, to the extent that the product offering
involves an underlying power position, the power teams will manage. We have
asked Janet Dietrich to coordinate such overlaps between the two
organizations in Houston.

e) Technical/Restructuring - In the effort to consolidate and centralize our
technical resources (engineering, development, operations, pipeline) to
ensure that this skill base is available to all ENA groups and utilized
productively across the organization, Brian Redmond will form and manage the
Technical Services Group.  This group will manage ENA,s technical risks and
will provide, on a cost basis, technical services for the entire ENA
organization. This group will manage the interface with EE&CC and OEC.  In
addition, the Restructuring Group, currently managed by Dick Lydecker, will
report to Brian Redmond.  This group is currently monetizing a large portion
of the merchant investment portfolio given our current strategies.  This
group will have continuing responsibility to manage troubled commodity and
capital transactions that need considerable time and attention to manage risk
and monetize.

In addition to these responsibilities, Brian will manage the pending sale and
transition of the HPL asset over the next couple quarters as regulatory and
securities approvals are obtained in order to complete the sale.  Brian will
report to the EA OOC.

f) Principal Investing  )  with the departure of Jeff Donahue to new
opportunities in EBS, ENA,s venture capital function will be managed by
Michael L. Miller.  This group makes small investments in distributed
generation, power quality and technology companies that can benefit from
Enron,s distribution channels and expertise.  Michael will report to the EA
OOC.

g) Corporate Development ) Tim Detmering will assume the corporate
development responsibilities for ENA as Jeff transitions to his new role and
will report to the EA OOC.

h) Generation Investments ) there will be no changes to this group managed by
Dave Duran. Dave will continue to report to the EA OOC.

i) Energy Capital Resources ) there will be no changes to this group
currently lead by C. John Thompson and Scott Josey.  John and Scott will
continue to report to the EA OOC.

As a final note in the interest of keeping things simple, Enron Americas will
have two operating divisions  - Enron North America and Enron South America.
As a result, we will continue to conduct business under these two operating
companies; therefore, eliminating the need to change legal entities et al.
If you are currently a commercial employee of ENA or ESA you will continue to
conduct business in that company.

We look forward to another exciting year in the North American energy
market.  This is certainly a company unrivaled in the marketplace with the
most talented employees.  The opportunities are endless.  We wish you and
your family a very happy and safe holiday season.


Well, I guess we could.  since we needed to do it immediately, only Stepanie
can only do it immediately.  Do you want me to change it, or, Stephanie,
since you've already changed it will it be already changed tomorrow so we
don't need to do anything.  I'm so confused?!!!

	Tom Moran/ENRON@enronXgate
	03/28/2001 03:29 PM

		 To: Tana Jones/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT
		 cc: Marcus Nettelton/NA/Enron@ENRON, Walter Guidroz/ENRON@enronXgate
		 Subject: RE: Ontario Power Generation

Tana,

Can we accomplish that by you initiating a change to their current trading
profile in Profile Manager ??

Regards,
tm

 -----Original Message-----
From:  Jones, Tana
Sent: Wednesday, March 28, 2001 4:12 PM
To: Sever, Stephanie; Lees, Lisa
Cc: Nettelton, Marcus; Moran, Tom; Guidroz, Walter
Subject: Ontario Power Generation

Per conv. a minute ago with Marcus, Christi Nicolay in the Regulatory Group
just checked and Ontario Power Generation does not have a FERC marketing
license.  That leaves them to buying US power only (both east & west OK).
Please make this change immediately.

Thanks!


At this time, there is only a GTC.

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


Forwarded at request of Joe Hillings:

---------------------- Forwarded by Lora Sullivan/Corp/Enron on 12/10/99
01:15 PM ---------------------------

"Leibowitz, Lewis E." <LELeibowitz@HHLAW.com> on 12/10/99 10:41:07 AM

Attached is our press release on the addition of Hugo Paemen, former EU
Delegation Head, to our firm.  We're very excited about welcoming Hugo to
our firm.

The release is reprinted below if you cannot open the icon.

For Immediate Release:
December 8, 1999
Contact: Hogan & Hartson L.L.P Bob Glen Odle (202) 637-5639 Richard
Weiner (32-2) 505-0931
Ambassador Hugo Paemen, Former Head of the European Commission's Washington
Delegation, Joins Hogan & Hartson L.L.P.
Washington, D.C., December 8, 1999 - Hogan & Hartson L.L.P., a Washington,
D.C.-based law firm with more than 650 attorneys and 16 offices throughout
the United States and Europe, is pleased to announce that Hugo Paemen, until
recently Head of the European Commission's Washington Delegation, has joined
the firm as Senior Advisor. Ambassador Paemen will split his time between
the firm's Washington and Brussels offices. He will advise U.S., European,
and other companies concerning their dealings with the European institutions
and will provide counsel on a wide variety of trade and investment matters
involving the European Union and the United States. In addition to his
position at Hogan & Hartson, Ambassador Paemen will serve as Senior Advisor
to the German Marshall Fund.

Ambassador Paemen was nominated to the position of Head of the European
Commission's Washington Delegation in July 1995. Between 1987 and that date,
Ambassador Paemen served as Deputy Director-General of the European
Commission's Trade Directorate, where among his many accomplishments he
served as the European Community's Chief Negotiator during the entire length
of the Uruguay Round. From 1985 to 1987 he served as the official spokesman
of the first Delors Commission, and from 1978 to 1985 he served as Chef de
Cabinet of Commissioner Viscount Davignon. Prior to 1978, Ambassador Paemen
held various positions in the Belgian Embassies in Geneva, Paris and
Washington, including service as Economic Minister in the Washington Embassy
from 1974 to 1978. He is presently Special Adviser to European Commission
President Romano Prodi and a Member of the Board of the Catholic University
of Leuven.

"We are extremely pleased that Ambassador Paemen is joining the firm," said
Bob Glen Odle, Hogan & Hartson Managing Partner. "His many years of
experience at the European Commission and his broad-based knowledge of
international trade issues will benefit immensely our clients on both sides
of the Atlantic."

In Washington, D.C., Ambassador Paemen will work with the firm's commercial
and regulatory practice groups to assist clients engaged in investment and
international trade matters. In Brussels, where the firm's practice includes
areas such as competition, communications, food, biotechnology, trade,
arbitration, and international transactions, he will work with resident
attorneys to provide clients with strategic counseling on a wide range of EU
issues. Ambassador Paemen will also assist attorneys in the firm's six other
European offices with matters involving EU law and policy.

"Ambassador Paemen has given the European Union outstanding representation
here in the United States," said Clayton Yeutter, Of Counsel to Hogan &
Hartson and a former United States Trade Representative. "He is a brilliant
diplomat and one of the world's most gifted and respected trade negotiators.
His international trade knowledge is encyclopedic."

"I view this next phase in my career as continuing my life-long commitment
to fostering better international trade and investment relations, in
particular between Washington and Brussels," said Ambassador Paemen. "I have
long been impressed by Hogan & Hartson's experience in these areas and the
sophisticated advice they offer their clients. I look forward to joining the
Hogan & Hartson team."

Hogan & Hartson, which was founded in 1904, has European offices in
Brussels, Budapest*, London, Moscow, Paris*, Prague*, and Warsaw, and U.S.
offices in Washington, D.C., New York, Los Angeles, Denver, Colorado
Springs, Boulder, Baltimore, and Northern Virginia.

*Affiliated Office

**********************************************************************
This electronic message transmission contains information from the
law firm of Hogan & Hartson L.L.P. which may be confidential or
privileged.  The information is intended to be for the use of the
individual or entity named above.  If you are not the intended
recipient, be aware that any disclosure, copying, distribution or
use of the contents of this information is prohibited.

If you have received this electronic transmission in error,
please notify us by telephone (202-637-5600) or by
electronic mail (PostMaster@HHLAW.COM) immediately.
**********************************************************************
(V1.5)
 - att1.unk


You have received this email because you are listed as a security approver.
Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000033931&Page=
Approval to review and act upon this request.

Request ID          : 000000000033931
Request Create Date : 5/9/01 4:07:54 PM
Requested For       : chris.germany@enron.com
Resource Name       : ICE - External Intercontinental Exchange US Natural Gas
Resource Type       : Applications


Here is the timesheet for this pay period. Thanks


Is this the correct email address??

How are ya?  Good seeing you on Thanksgiving  at John's.  I am very sorry to hear about your company's troubles and your  romantic situation.  Life piles on sometimes!!

Chin up!!  Hope to see you during the  holidays!  Bye!!


I'm not sure what is happening on my position.  It may have to do with how
you shaped the forward vol and price curves at each level.  My VAR is so
dependent on spread levels and vols that a small change in the Jan vols could
produce that effect.
The results certainly provide evidence of a need for higher VAR going into
the winter.
John

	Enron North America Corp.

	From:  Frank Hayden @ ENRON                           09/15/2000 06:32 PM

To: John J Lavorato/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT
cc: Vladimir Gorny/HOU/ECT@ECT, Sunil Dalal/Corp/Enron@ENRON
Subject: Stress Test

The below file shows the results of the two stress test requested.  Under the
$7 dollar stress, NYMEX curve was shifted to $7 dollars with all other price
curves proportionally shifted.  Under the $9 dollar test, not only were the
price curves shifted, but volatilites were stressed as well with NYMEX
volatility going to 100% and all other vol locations being raised accordingly.

Key findings include:
$7 dollar stress only raised VaR by 79%
$9 dollar stress raised VaR by 134%

It is interesting to note that with the seven dollar stress, VaR on the
financial desk actually decreased.  This would seem to imply that up to the
seven dollar strike, the financial desk is long gamma (which overall reduces
risk).  But between the seven dollar and nine dollar strike, it appears that
the desk becomes short gamma, thereby acceralatering the amount of risk and
increasing VaR by 74%.  Does this make sense or is something else happening?

Frank

---------------------- Forwarded by Frank Hayden/Corp/Enron on 09/15/2000
03:43 PM ---------------------------

	From:  Sunil Dalal                           09/15/2000 02:54 PM

To: Vladimir Gorny/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron
cc:

Subject: Lavo/Arnold Stresses

Attached below are the $7 and $9 stresses that were run at the request of
Lavo ($7) and Arnold ($9).  I ran the results against the AGG-IV portfolio.


I actually just changed that one, per Mike Swerzbin.

Thanks,
Kate

Kerri Thompson@ENRON
04/26/2001 02:34 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: natsource

593949
broker has duke as the cp


Tim,

John's communication regarding not updating December was in order to complete December liquidations for accounting and settlements last week.  However, we were then informed that settlements would not draft their billing until the 14th of January so we then retracted our 'hold' on updating December schedule.  Any updates that can be made in order for settlements to get the most accurate data would be most appreciated.

In addition, the cash flow forecast (as indicated by Don) will be coordinated through Kristin.  I do not believe you will have to do any work for this as all the data will come from our risk calculations and true settlement information.

Thanks,
Stacey

 -----Original Message-----
From: 	Belden, Tim
Sent:	Wednesday, January 09, 2002 10:26 AM
To:	Postlethwaite, John; Reeves, Leslie; Calger, Christopher F.; White, Stacey W.; Miller, Don (Asset Mktg); Wax, Brandon
Cc:	Scholtes, Diana; Semperger, Cara; Presto, Kevin M.
Subject:	RE: Dec and Jan liquidations

Yesterday I was approached by Steve Thome who had been asked by Brandon Wax (who was asked by Don Miller?) looking for a cash forecast for deals that flowed in December.  While I'd like to be helpful, I have never done a cash forecast before.  We don't have the tools set up in Portland to do this sort of thing.  The data to do this has historically resided in Enpower.  A week ago the West Power desk met and agreed that we were able to and prepared to update Enpower in "Schedule" for all of the deals that flowed in December.  Diana Scholtes sent an e-mail (below) to Leslie Reeves on January 3rd indicating that we were prepared to update Enpower.  We heard from John Postlethwaite that Leslie didn't want us to update Schedule -- instead they could work off of our trade sheets.

I don't care which way we move forward.  It just seems that we aren't all on the same page.  We just want to do whatever needs to be done to get the right information to the right people.  Exerience tells me that we are better off doing it "right" the first time.  I am hoping that between Don, Leslie, and Stacey we can get some clear direction on what you would like us to do.  As of now, there is little I can do to assist Brandon with his request for a cash flow projection.

Regards,
Tim

 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Tuesday, January 08, 2002 1:10 PM
To:	Reeves, Leslie; Calger, Christopher F.; White, Stacey W.; Belden, Tim
Cc:	Scholtes, Diana; Semperger, Cara
Subject:	Dec and Jan liquidations

It has come to my attention that there seems to be miscommunication between various groups and people about how Dec and Jan scheduling for non-terminated deals should be handled. There are conflicting reports that Houston, through the estate, will handle updating scheduling in Enpower or that the scheduling group should be updating Enpower accordingly.

What I am hoping for is that by whatever communications means necessary we can come to a final action plan on how to clean this and get Enpower up to date as quickly and as accurately as possible.

Thanks,

John

 -----Original Message-----
From: 	Scholtes, Diana
Sent:	Thursday, January 03, 2002 8:43 AM
To:	Reeves, Leslie
Cc:	Gilbert, Scotty; Postlethwaite, John; Belden, Tim
Subject:	January Settlements

Leslie,

I'm trying to get a jump on making sure we have everything done properly in Enpower for the month of January.  My question is whether we, the West desk, should enter any changes in Enpower due to OUR non-delivery and/or incremental deals?  We have everything recorded on our Trade sheets, but if it would make it easier for you to settle or relay to the Estate by us making the changes in Deal Scheduling, we can do so.

I also understand, after talking to John, you will be using our Trade sheets for such changes for the month of December.  I'm not sure who you would like us to assist in translating our sheets, but if you can call me, we can set up a conference call and I'll coordinate from each desk to attend.

If there is anything else that you need us to do to help your group please let me know.

Diana Scholtes
West Desk
503-464-3807


Here they are, crunched down and in JPEG format. Use PKUNZIP or WINZIP to
open the file up. If these are delivered in a MME format still try and open
the file using the two above programs.

They are of the ship and Korea.

 - att1.unk


Hi Tana,

A little birdie tells me that you  have a supply of the Energy & Power Risk
Management Glossary booklets.  Am I getting close? I've found it to be very
helpful, and I think it would help one of our new lawyers, Carlos Sole.
Could I get a copy for him?  Any other good power references?

Thanks,

Kay


I just received this today.

----- Forwarded by Brent Hendry/NA/Enron on 08/30/2000 04:17 PM -----

	"Marcelo Armas M." <marmas@philippi.cl>
	08/30/2000 02:04 PM

		 To: <Brent.Hendry@enron.com>
		 cc:
		 Subject: RE: Internet trading

Brent,

I was under the impression that this memo had been sent last week. I
apologize for the confusion. Please contact me for any questions you may
have.

Regards,

Marcelo

-----Mensaje original-----
De: Brent.Hendry@enron.com <Brent.Hendry@enron.com>
Para: Marcelo Armas M. <marmas@philippi.cl>
Fecha: Martes, 29 de Agosto de 2000 12:25 p.m.
Asunto: Re: Internet trading

>
>Marcelo,
>
>Have you had a chance to finalize your review of the ISDA agreement and
>legal survey?  Please let me know if you have any questions regarding the
>materials.
>
>Regards,
>
>Brent
>
>
>
>
>
>

 - Memo Internet final.doc


Thanks for forwarding Peter's resume.  By copy of this memo I am forwarding
Peter's resume to Danny McCarty and Phil Lowry.  Danny and Phil: Please
follow-up with Vince if you have an interest in meeting with Peter.  He seems
to be a very qualified candidate.

Vince J Kaminski@ECT
04/30/2001 02:28 PM
To: Stanley Horton/Corp/Enron@Enron, Danny McCarty/ET&S/Enron@Enron
cc: Vince J Kaminski/HOU/ECT@ECT

Subject: Follow-up on SIAM Workshop

I am forwarding for your attention the resume of Peter Percell
who has an extensive experience in modeling physical flows
of natural gas in pipeline systems. Peter is looking currently for a job.

I met him last week at the meeting of the Science and Industry Advance with
Mathematics
society at the University of Houston.

The application of recent developments in optimization theory
and numerical methods can help Enron to improve further
efficiency of our pipeline system and reduce the consumption of compressor
fuel.

Please, let me know if you interested in introducing Peter to executives
in your organization. I shall be glad to make arrangements for an interview.

Vince Kaminski

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/30/2001
02:17 PM ---------------------------

Peter Percell <percell@swbell.net> on 04/30/2001 11:16:58 AM
To: Vincent Kaminski <vkamins@enron.com>
cc:
Subject: Follow-up on SIAM Workshop

I enjoyed your presentation, and meeting you briefly afterwards, at the
SIAM Workshop last Friday.

I have extensive experience as a technical leader in the design and
development of modeling and simulation software products, mostly
for the oil and gas pipeline industry.

I am looking for a position that can utilize my software development and
mathematical skills.  Getting out of the narrow confines of the pipeline
simulation industry would be a plus.

Please consider whether I might fit in your group.  Your answer to a
question indicated that I have several of the skills you look for.

Also, please let me know, by email, the names and contact information of
other managers within Enron who might benefit from having someone with
my qualifications in their group.

Attached are my resume and an addendum covering academic & consulting
experience.  Publications are available on request.

I will call you in a couple of days to follow up on this email.

Thank you for your time.

Peter Percell                        10030 Doliver Drive
percell@swbell.net               Houston, TX 77042-2016
(713) 532-3836 voice & fax
 - Percell, Peter Resume Only.doc
 - Percell, Peter A&C Exp.doc


Mark:  Should we get Cheryl Nelson to start getting up to speed on some of
the transportation and shipping issues?  Let me know.

Mark Haedicke
----- Forwarded by Mark E Haedicke/HOU/ECT on 12/20/2000 03:56 PM -----

	Enron Global Markets LLC - Office of the Chairman@ENRON
	Sent by: Enron Announcements@ENRON
	12/18/2000 09:21 PM

		 To: Enron Wholesale Services
		 cc:
		 Subject: Organizational Announcement
   Enron Global Markets LLC - Office of the Chairman

Enron Global Markets (EGM) has made numerous organizational changes as its
businesses continue to grow and expand around the world.  We are pleased to
announce the following changes within EGM.

Financial Trading
The Convertible Arbitrage desk has moved from EnronCredit.com to the
Financial Trading group under Gary Hickerson.  Mike Bradley will manage the
desk.

Billy Lemmons has joined Gary Hickerson's group from EIM.  He is exploring
the agriculture value chain and origination opportunities.

Transportation and Shipping
Dan Reck will be transitioning out of the coal group and will be exploring
our rail and trucking initiatives.  These markets together represent
approximately $105 billion notionally, and we believe there are many
synergies between our energy, coal, and freight trading businesses.

Enron is currently trading dry-freight through EOL and is a leading market
maker in this new product. The shipping business is growing very quickly.  We
have asked Pierre Aury and Scott Montcrief to co-lead our worldwide vessel
trading businesses.  Scott will be responsible for all liquids vessel
businesses and Pierre will manage all dry vessel businesses.  The LNG vessel
business currently managed by Wayne Perry will remain in the LNG group, but
will also report to and coordinate with Pierre and Scott.

Weather
Our worldwide weather operations will continue to report to Mark Tawney in
Houston.  This business, which includes trading weather products in 10
countries and 40 states in the U.S., is also rapidly expanding.  Mark will
have all V@R allocation responsibility between Sydney, Tokyo, Oslo, and
Houston.  In addition we will be forming a weather-marketing desk in London.

Crude and Products
Bill White will be coming over from EBS and will have responsibility for all
U.S. financial crude trading.  Don Schroeder will continue to have oversight
and lead our physical crude business.  Mario De La Ossa has joined EGM from
Equiva and will manage our product options book.

Doug Leach will be expanding his fuel management and origination role.  He
will report directly to John Nowlan.

Finance and Structuring
Andrew Makk has joined the finance team from the Middle East group.  Most
recently he has been working on the Gaza project.

Jim Lewis has also joined this team. His last assignment was leading the
structuring group for CALME.

Both Andrew and Jim will report to Larry Lawyer.

Corporate Development
Mark Wadlington has joined the EGM team and will be managing this activity
and co-ordinating with all Enron Corp. He reports to Tim Detmering with
accountability to the office of the chairman of EGM.

Operations and Accounting
Todd Hall has expanded his role as Business Controller and will have
responsibility for coal and weather.

Mike Perun has joined Enron from the banking industry and is responsible for
Controls & Standards.  He will focus on EGM,s operational and accounting
processes on a global basis.  He reports to Brent Price.

The Ecoelectrica power plant in Puerto Rico will move reporting
responsibility into the Enron Global Assets group.  Greg Curran, who is
responsible for all the activities in Puerto Rico, will report to that group
on all Ecoelectrica business and to Enron Global Markets on the remaining
businesses.

Please join us in congratulating everyone in their new roles.


Start Date: 4/6/01; HourAhead hour: 5;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040605.txt

!!!General SQL error.
Couldn't update; currently locked by user 'admin' on machine 'ECTHOU-BPS3'.
Table
---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 5 / Preferred:  75.00 / Final:  74.91)
  TRANS_TYPE: FINAL
  SC_ID: ECTstCA
  MKT_TYPE: 2
  TRANS_DATE: 4/6/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_5001
  ENGY_TYPE: FIRM
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 5 / Preferred:  75.00 / Final:  74.80)
  TRANS_TYPE: FINAL
  SC_ID: ECTstSW
  MKT_TYPE: 2
  TRANS_DATE: 4/6/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_5000
  ENGY_TYPE: FIRM

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 5 / Preferred:   3.32 / Final:   3.00)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 4/6/01
  SC_ID: EPMI


I have completed an evaluation of a "backwardation" hedge strategy requested
by Wendy King.  The stratregy is intended to hedge oil inventories and is
based of trading Nymex futures and options.

Wendy has suggested she wants to review this with Jeff Shankman.  I would
like to review my conclusions with you before I send it to Wendy and will ask
Shirley to set up a meeting.

A writeup is attached.

Bob


Thank you for emailing. My email address has changed to gas_daily@platts.com. Please update your records. Your email "" has been recieved.

Thank you.
gas_daily@platts.com


Attached please find the EPMI Power Credit Watch List as of 03/06/01.  Please
direct any questions and/or comments to the Credit Hotline (713-853-1803).

Thank you,
Veronica Gonzalez


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IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power Delivered on Thursday, October   25, 2001
                                                                                (Trade Date of Wednesday, October   24, 2001)
Click here to access index history.
                                                                                * volume represents sell-side only *

Hub	High	Low	Wtd Avg Index	Change ($)	Vol (Mwh)
Cinergy	         $28.00	         $25.00	         $27.23	+    .33	         103,200
Comed	         $26.50	         $24.75	         $25.58	+   1.33	           4,800
Entergy	         $23.85	         $23.10	         $23.47	-   1.25	          13,600
Nepool	         $40.00	         $39.75	         $39.85	+   1.29	           4,000
PJM-West	         $27.10	         $26.25	         $26.79	+    .44	          79,200
TVA	         $26.50	         $25.25	         $26.13	-   1.25	          12,800

                                                                                Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.
                                                                                IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.
In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.    Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.
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To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com.
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                                                                                ?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


Take a look at the items below let me know if you need any help.  Thanks.
PL

 -----Original Message-----
From: 	Lobusch, Christy
Sent:	Wednesday, November 07, 2001 2:23 PM
To:	Love, Phillip M.
Cc:	Victorio, Tom; McIntyre, Burton
Subject:	Central Gas Portfolio

Dear Phillip-

In an effort to clean up RisktRAC, we have created a new hierarchy structure in RisktRAC that is currently in the testing phases.  I have attached a spreadsheet that contains the new hierarchy structure for Central Gas (please look at all the tabs).  Also included is a list of your books that are linked to the lowest level portfolio of the hierarchy structure.

Could you please review the proposed hierarchy structure and let me know of any issues (i.e. all traders are captured or that we don't have any "extra" traders reflected.)
Additionally, could you please review the "books" tab and ensure that the book list is complete and accurate and that the book is linked to the correct trader (please note - if more than one trader trades out of the same book, the book should be assigned to the most senior trader.  Please ensure that this has been done correctly).  Please advise us of any missing books as well.
Finally, I would like to get an understanding of what reports/hierarchies you all are currently using in RisktRAC and for what purpose.

 I would like a response ASAP, but by Monday at the latest.  Please call me to discuss at your convenience or email me your response.  Thanks, Phillip.

Christy


These are the last brown bags for the year so be sure to take advantage.  If
you have suggestions for future speakers I would like to hear from you as
well as any other comments you may have.

Jen Fraser, Director of Origination in EGM - December 5 from 12 to 1 in 30C1
Berney Aucoin, Director of Commodity Structuring - December 12 from 12 to 1
in 30C1

Call or email Stacey Dempsey.


Thanks.  If you need to talk just page me at 888.916.7184.

Best,
Jeff


Dear Bob,

I think you are doing all the fiji guys a great service by continuing to
promote this email talk center.  Keep up the good work.  I rarely have time
to converse with all of ya'll, but I do keep up with what's going on by
reading the emails ya'll send.  Would you do me a favor?

Please notify all that i use another email address now more often than this
one.  It is OUTLAWIN@bellsouth.net

Also, this past Saturday night I had my first baby.  It was a boy 7 lbs 10.4
ozs and 20.75" long.  I am very excited and his name is Jake.  Please pass
the word for me.

Thanks,

Outlaw
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I wonder how much the 'Stately Oak' grew during the past year? Oops! My bad!
I almost forgot that it was mysteriously cut down during an early '80's FIJI
Island pre-decorating/design phase. Has anyone ever fessed up to the
slaying? It sure did cause a terrible stir! If I remember correctly, the
cabinet considered canceling the Island unless the culprit confessed! This
may be a good topic of discussion? Maybe we could solve the mystery once and
for all?

And Bone, the arrest was a major event for at least three of us, me, Curt
and Tan Dan who came to court the next morning to bail us out! If that
arrest didn't make it, maybe the one when I got arrested for disturbing the
peace in Tiger Stadium during the '81 homecoming game against Fla. St. did?
At least the cops didn't beat me as bad as FSU beat the football team that
night! Or maybe Dan's 1st DWI made it? I'll let Dan tell that story.

Hope all you guys are doing well!

Zuc
Perge'
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Brothers,   (Oct. 16)

Last night I received orders to report for duty this Thursday for up to 24
months.  As some of you may know, I command a Army Reserve unit in Dallas
TX.   I had just moved to Chicago two weeks ago to take a position within my
company, so this is inconvenient and with a very large pay cut, but I add, I
am very proud to be leading 90 of our finest soldiers into whatever mission
is delivered to us.  Due to operational Security(OPSEC), I can't talk much
about what I do, just keep me and my soldiers in your thoughts, and I will
join you at Pig Dinner 2003 or 2004.

Perge'

Jeff Farris BP91
____

wow....Jeff you are the Man
God bless
George Laughlin
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Speaking of Brother Bonin, I'll recount a story during our Hellweek that all
can probably relate to.  Brother Bonin was the assistant Pledge Trainer for
our class in 77-78. Our Hellweek coincided with JamJam and, as slave labor,
we were unloading a truck of tables/chairs at a sorority house. One of the
sorority girls told Brother Bonin that the "pledges" could put the tables in
a certain spot. He corrected the girl by saying they aren't pledges.  When
the girl left, I asked Brother Bonin that if we aren't actives and we aren't
pledges, what are we?  Brother Bonin looked me in the eye and said, "You're
SCUM!"

Post Toasties, Man
David Humphris
BP 82
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Lots of news the past couple of weeks.  First, Godspeed to Brother Jeff
Farris.  I know we all wish him a very safe tour.  Second, congrats to the
"Outlaw" for his new baby boy.

Sounds like a lot of people will be in town for Ole Miss--Squid, Tan Dan
(The Worstells) and others.  Let me know who all is coming and maybe we can
all meet some place before or after the game.

Thanks to the 60 Brothers who have signed up for the Yahoo Group.  All the
past History that Brothers Slay & Bonin is helping us relive is posted
there.

Perge'

Bob Boccaccio
BP '81

"Not for College Days Alone"

http://groups.yahoo.com/group/BPFIJI

http://www.boccaccioproductions.com/


Julie,

A few issues.

1. I would like to register 2 members of my group for both courses (in
Houston):

a. Paulo Issler
b. Alex Huang

I shall attend the course on weather only.

2. I have started the process to issue a check for 5,000 AUD for Lacima.
Shirley sent you an update on this. The 2nd installment comes from the budget
of our
office in Australia. I shall talk to Paul Quilkey today about it. Please, let
me know if there is any delay.

3. The book  will be used as textbook for the class I shall be teaching at
Rice.
Rice Univ bookshop is placing an order.

4. I would like to order 50 copies for my group. What is the ebst
way to place the order?  Can we pay in US dollars?

Vince

"Julie" <julie@lacima.co.uk> on 11/12/2000 02:05:40 PM
To: <Undisclosed-Recipient:@mailman.enron.com;>
cc:
Subject: Lacima Energy and Weather Derivatives Courses by Clewlow and
Strickland

Please find attached information?for our next two courses and  workshops:?
Energy Derivatives:? Pricing and Risk Management and
Weather Derivatives, which will be conducted in Houston and in London in  Feb
/ March 2001.? Instructors will be Dr Les Clewlow and Dr Chris  Strickland.
?
Because the course requires intense interaction, the courses will  be?limited
to a maximum of 15 people, so early registration is  encouraged.
?
If you require further information, or would like to register for either or
both?courses, please contact me via this email or our web site,?www.
lacimagroup.com
 - Energy.pdf
 - weather.pdf


Michelle,

I have been working with Jan-Erland and Stefan on this project with respect to the tax issues.  This product will now be entered into by ENA (rather than by Enron Japan Corp. as had been looked at before) and Robert Fuller (i.e., a trader in Houston) is being posted as the allowable trader.  Two transactions will occur once a Japanese counterparty enters into the transaction through EnronOnline:  (1) It will enter into the WTI swap, which is denominated in JPY, with ENA; and (2) because ENA will have the JPY FX risk, it will enter into a JPY hedge transaction.  Note that for the JPY FX hedge, we will need to make a same day hedging identification for US tax purposes.  Do you know who I should contact to confirm that this identification will be made?

Best regards,
Susan

 -----Original Message-----
From: 	Bruce, Michelle
Sent:	Thursday, November 08, 2001 2:10 PM
To:	Musch, Susan; Shackleton, Sara
Cc:	Bekeng, Jan-Erland; Niesler, Stefan
Subject:	FW: JPY WTI Swap

Sheila Glover  thought that you guys may have been involved in looking at this previously.  Any thoughts for Jan & Stefan?

 -----Original Message-----
From: 	Glover, Sheila
Sent:	Thursday, November 08, 2001 1:57 PM
To:	Bruce, Michelle
Cc:	Dallmann, Shane; Adams, Laurel
Subject:	FW: JPY WTI Swap

Michelle,
We spoke to Jan-Erland when he was here.  For our part, ENA will do a currency trade with Enron Japan.  We will confirm and settle with them as with other international companies.
Sheila

 -----Original Message-----
From: 	Bruce, Michelle
Sent:	Thursday, November 08, 2001 12:24 PM
To:	Miroballi, Angelo; Glover, Sheila; Swinney, John; Robison, Michael A.
Cc:	Horn, Cindy; Niesler, Stefan
Subject:	FW: JPY WTI Swap

I received this from the Tokyo office.
John - I am not sure what book this will go it.  Could you check and see if EOL / Nowlan is aware of transaction if it will be part of our books?
Sheila - The deal discusses much interaction w/ Gary Hickerson on the FX side.  Are you aware?
Angelo - Looks like they want to settle via ENA.  Are you on board w/ this?
Michael - from a legal aspect, is ENA set up for this type of trade?
Thanks,
Michelle
xt. 57532

 -----Original Message-----
From: 	Niesler, Stefan
Sent:	Wednesday, November 07, 2001 12:18 AM
To:	Bruce, Michelle
Subject:	JPY WTI Swap

Michelle,

Sorry for calling you at home yesterday.

Please find attached the documentation as promised.

As Jan-Erland mentioned, the transaction is very straight forward. It is basically the same product as the existing 24/7 USD WTI Swap. The only difference is the contract currency which is JPY.
The floating price in the transaction once it is determined needs to be converted into JPY. To do this we use the mid of the Bid and Offer FX rate published by the Bank of Tokyo-Mitsubishi. You can find this FX rate on Reuters (page TKFF). As ENA will be counterparty in this transaction you will probably be involved in the settlement. What we wanted to make sure is that you feel happy in getting all relevant numbers for a smooth settlement.

A quick response from you side would be highly appreciated.
Thank you!

Kind Regards,
Stefan Niesler
+81 3 5219 4645

 << File: Product Memo - modified (barrel).doc >>


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/22/2000
09:35 AM ---------------------------

	Michael Anderson @ AZURIX
	08/22/2000 08:36 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: RAB Graph

I believe this will be helpful in your analysis.

---------------------- Forwarded by Michael Anderson/HOU/AZURIX on 08/22/2000
08:35 AM ---------------------------
From: Keith Harris/WSX/AZURIX@Exchange on 08/03/2000 01:40 PM GDT
To: Michael Anderson/HOU/AZURIX@AZURIX
cc: Colin Skellett/WSX/AZURIX@Exchange

Subject: FW: Amended Index Graph

Michael

I have got CSFB working on the amendment you asked for.

In the meantime we have produced a graph which shows, as indices, market
values of the water companies and the RAB of the industry since
privatisation.  The following points come out
1 Market values overtime have been 1.1x RAB
2 The result is significantly skewed by the period between Mid 1997 and end
1998 when the ratio was c1.5x.
3 The premium to RAB is only found at a time when political uncertainty has
been removed the companies are able to outperform the regulatory deal
significantly.  Those days are gone - a fact witnessed by the decline in
share prices in the last year

Just to note that the graph we have produced here is a weighted average of
water companies - whereas the figures we did yesterday on the RAB market
value ratio is a straight average.  Obviously that influences the numbers a
little.

On CustomerCo.  CSFB have contacted around 7 energy companies.  The result
has been positive and they are prepared to enter our journal exercise.  I
await a revised fee proposal but CSFB have been advised that it should be
more modest than the last one !

Keith

 -----Original Message-----
From:  David Kitchener
Sent: 03 August 2000 13:27
To: Keith Harris
Subject: Amended Index Graph


Okay golfers, a tournament of sorts will be played in Colorado.  I need to
know the following:

1)  average score

And, I need to know this ASAP.  I will have the tournament director help with
putting the teams together.

Thanks for all your help!

gngr
713-853-7751
----- Forwarded by Ginger Dernehl/NA/Enron on 06/07/2001 12:39 PM -----

	Ginger Dernehl
	06/06/2001 09:49 AM

		 To: Rob Bradley/Corp/Enron@ENRON, Tom Briggs/NA/Enron@Enron, Tom
Chapman/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, John
Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Hemstock/CAL/ECT@ECT,
Patrick Keene/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Susan M
Landwehr/NA/Enron@Enron, Donald Lassere/NA/Enron@Enron, Dave
Mangskau/Corp/Enron@ENRON, Steve Montovano/NA/Enron@Enron, Mona L
Petrochko/NA/Enron@Enron, Frank Rishe/NA/Enron@Enron, Mike
Roan/ENRON@enronXgate, Linda Robertson/NA/Enron@ENRON, Richard
Shapiro/NA/Enron@Enron, Pat Shortridge/Corp/Enron@Enron, Dan
Staines/HOU/ECT@ECT, Kerry Stroup/NA/Enron@Enron, Fino Tiberi/CAL/ECT@ECT,
Thane Twiggs/Enron@EnronXGate
		 cc:
		 Subject: Please Respond

Howdy Golfers,

I need some information before you all play your "par" game of golf next week.

1) Will you be bringing your own golf clubs?
2) If I need to reserve clubs for you, please let me know if you are right or
left handed.

Thanks!!!!!!

gngr
713-853-7751


Yes, I'll be in at about 2 PM.

Kay Mann@ENRON
05/14/2001 08:56 AM
To: jkeffer@kslaw.com
cc: Ben Jacoby/HOU/ECT@ECT
Subject: CA Development

Hi John,

Enron is ok with signing the consents.  After the assignment of the contracts
out of LLCs, we would like to exercise our put.  Please share this info with
George.

I believe Ben will be in town tomorrow (right Ben?) so we can get it signed
up this week.

Thanks,

Kay


Jean-Pierre,

Sorry. I have previous commitments on these days.

Vince

"Jean-Pierre Doggett" <jpdoggett@riskwaters.com> on 11/07/2000 10:14:05 AM
Please respond to "Jean-Pierre Doggett" <jpdoggett@riskwaters.com>
To: "Risk Conferences" <jpdoggett@risk.co.uk>
cc:
Subject: Invitation to present at Risk's advanced stress testing course

I would like to invite you to present a section on  Risk's course entitled,
"Practical application of advanced stress  testing" which will be held in
London (5 & 6 February 2001)  and New York (12 & 13 February 2001).
?
You have been recommended to me in the course of my  research as an authority
in this field so I would be delighted for you to  present any of the sections
that are still available on the attached  programme:

For London: sections 1, 2.1, 2.2, 3, 4 and
For New York: sections 1, 2.1, 2.2, 4 and 8

My market research indicates that advanced stress  testing is a highly
interesting theme for a wide range of senior quantitative  analysts and risk
managers. I anticipate the course to be technical and  practical in nature
and assume a high level of knowledge from the delegates. It  aims to extend
the scope of accepted practices into the new areas of liquidity  and credit
risk stress testing and complement VaR methods by introducing new  risk
measurement techniques that can be applied in an integrated  context.
?
Please contact me as soon as possible with an indication of which section  is
most suitable for your current interests. If you feel that you will not be
able to participate on this occasion, I would welcome any speaker
suggestions  you may have. Please call me if you have any questions.
?
Many thanks,
?
Jean-Pierre Doggett
RISK Conference Producer
RISK  Waters Group
Phone: + 44 (0) 20 7484 9813
Fax + 44 (0) 20 7484  9800
e-mail: jpdoggett@riskwaters.com
www.riskwaters.com
 - Stress testing draft.doc
 - Stress testing draft.txt


Good morning Richard:

Your resume was forwarded to Vince Kaminski and the Research group
and they would like to conduct a telephone interview with you at your
convenience.

Please give me some dates and times that you would be available and
I will coordinate the schedule.  Also, the telephone number you wish to be
contacted at.

The telephone interview will be last approximately an hour and the
interviewers would be:

Vince Kaminski  Managing Director, Research
Stinson Gibner  Vice President, Research
Vasant Shanbhogue Vice President, Research

Thanks Richard and we look forward to hearing from you.

Regards,

Shirley Crenshaw
Administrative Coordinator
Enron Research Group
713-853-5290
email:  Shirley.Crenshaw@enron.com


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This is troublesome
Content-Transfer-Encoding: quoted-printable
Date: Thu, 10 May 2001 09:34:05 -0500
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "Justin Long" <jlong@bracepatt.com>, "Paul Fox" <pfox@bracepatt.com>
Cc: "Andrea Settanni" <asettanni@bracepatt.com>, "Deanna King"
<dking@bracepatt.com>, "Dan Watkiss" <dwatkiss@bracepatt.com>, "Ronald
Carroll" <rcarroll@bracepatt.com>
Subject: FERC Eyes Making More Calif Pwr Sales Subject To Refund
Mime-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Content-Disposition: inline

According to this article, FERC officials have indicated that FERC might
modify its 3 proxy price/refund orders to include sales made during Stage 1
and Stage 2 emergencies.

FERC Eyes Making More Calif Pwr Sales Subject To Refund

Updated: Wednesday, May 9, 2001 05:56 PM ET
By Bryan Lee
OF DOW JONES NEWSWIRES

WASHINGTON (Dow Jones)--The U.S. Federal Energy Regulatory Commission is
considering orders that would broaden the scope of California power sales -
subject to potential refund for overcharges, according to knowledgeable FERC
officials.

FERC has issued three refund orders to date, totaling nearly $125 million for
the first three months of this year.

In calculating the potential refunds, the commission limited its
consideration to power sales made during Stage 3 power-grid emergencies
declared by the California Independent System Operator.

Stage 3 alerts are the last step before the state's grid operator orders
rolling blackouts because demand has outstripped the system's ability to
deliver power.

The orders established proxy market-clearing prices for Stage 3 emergencies -
and ordered power providers to justify the higher costs or provide refunds to
the California ISO.

The orders were highly controversial, stirring criticism from California
officials and others who complained that the orders were too narrow and
failed to require refunds for unjust and unreasonable power costs during all
hours.

The California ISO has placed its overcharges at $6.2 billion for electricity
purchased during a 10-month period from May 2000 through February of this
year. The calculation wasn't limited to just grid-emergency hours.

By limiting refund liability to just Stage 3 emergencies, FERC sought $69
million in refunds for January, $55 million in February, and $587,000 for
March.

FERC Commissioner William Massey has decried the refund orders as "paltry"
and "arbitrary" and called for the commission to order refunds for power
sales during all hours, not just Stage 3 grid emergencies.

The broader refund orders under consideration by the commission won't go far
enough to satisfy Massey, California officials and other critics, however.

In acting on requests for rehearing of the three refund orders, the
commission is looking to also make sales during Stage 1 and Stage 2
emergencies subject to potential refund, according to FERC officials.

The commission on rehearing will adjust the refund orders to reflect the
California power price mitigation plan FERC approved late last month.

Under the order, the ISO going forward will establish cost-based
market-clearing prices for Stage 1, 2 and 3 emergencies. Power providers
would have to justify power sales above the proxy market-clearing price - or
make refunds to the ISO.

In light of the price mitigation order's consideration of all three stages of
power-grid emergencies declared by the ISO, "It doesn't make any sense to
have those stage 3 refund orders sticking out like a sore thumb," said a FERC
official, who confirmed the commission's intent to adjust the refund orders
on rehearing.

By Bryan Lee, Dow Jones Newswires, 202-862-6647, bryan.lee@dowjones.com


Adam:
Hope your interview goes well.  Things are going crazy in the gas market so,
unfotunately, I'm stuck at my desk and can't go up for interviews.

As far as the interview goes, my advise would be the same as any interview.
Be confident.  Answer the question asked.  Don't be afraid to say you don't
know but don't make excuses.  Express interest in why you find Enron
appealing compared to the other 100 companies interviewing.

The trading training program is still in the works.  Few people outside the
trading area are even aware of its existence at this point so I wouldn't ask
any questions about it in the interviews.  If you receive an offer, it would
probably be for a normal analyst position with the opportunity to enter the
training program when you arrive.  Not sure about that last statement
though.   The training program is geared towards our two most mature and pure
trading business areas: gas and power.  There are still a large number of
other trading spots in our developing commodities side that would not fall
under the program.   That's a function of the program being developed by the
head of these two businesses.  Not ready to take it corporate-wide yet.

Write me about how your interviews went.
Good luck:
John

"Adam Bayer" <adam.r.bayer@vanderbilt.edu> on 10/19/2000 03:28:57 PM
To: <john.arnold@enron.com>
cc:
Subject: How are you today

Hi John,

How are you today?  You must be pleased with Enron's most recent numbers.
Could you tell me a little more about the trading training program?  You
mentioned you wanted to expand it to two years, but what does the extra year
entail?  I have been selected for an interview next Monday, and I look
forward to seeing you again.  Do you have any tips on approaching the
interview process?  I have poured over the company website, and if you have
any tips I would love to hear them.

Thanks for your time, and I hope to see you Monday.

Cordially,

Adam Bayer


Hi All !!!

Guess what .. we've got some updated photos on Gillian's website ... so if
you're at a loose end, please check them out at:

http://www.ntu.edu.sg/home/asesgoh/baby.htm

Gillian's now 5 and a half months old and weighs in at a hefty 18 pounds
(8.05 kg) (she was weighed 2 weeks ago so I guess
 that she's little heavier than that by now) ... not bad for someone who was
6 weeks early!  She's a little chatterbox who can't
stop yabbering and talks incessantly in her sleep as well.  She's just
started to suffer from stranger anxiety as well.
Rather embarrassing really 'cos she now bursts into tears whenever she sees
Men (her papa excluded).  The driver,
the gardener and the grandfather have all been her 'victims' so far ....
we're wondering who will be next.

Regards,
Anita


I'll send it back on Tuesday.

Jose Bestard@ENRON_DEVELOPMENT
02/18/2000 08:02 PM
To: Steven J Kean/HOU/EES@EES
cc: Maureen McVicker/HOU/EES@EES
Subject: Video Tape

Steve. Did you get a chance to look at the video tape I gave you?

I would like to have it back to show it in Brazil

Thanks,
Jose


sep now .83 by .84


Hi guys!

Hope that you had a great Thanksgiving.  The Sitara # for the CMS Field Service deal, 7500/d for Dec '01 is 1186062. Tagg # YL7051.1

Have a great day!

Carole C. Frank
Enron Net Works

713.345.3960 work
713.446.9307 cell


I made a mad dash to get this revised.  I can't promise that I incorporated
everything we discussed, but I figured I needed to get it to you now.


old deal may have been 5,000 a month plus expenses


Steve:
Please review and edit as needed.  I'm on my way to airport to return to SF.
If you need me, please page.

Best,
Jeff


Dave,

We had a meeting today with Mark Frevert, Rick Buy, Greg Whalley, Ted Murphy,
Bill Bradford, Mark Haedicke, Julia Murray, Tim Belden, Elliot Mainzer, Derek
Davies, Rob Milnthorp, and Peter Keohane regarding Alberta PPA.

Attached please find a copy of the presentation that was given at the
meeting.  Call me so that we can discuss.

John
713-853-7991