---------------------- Forwarded by Kayne Coulter/HOU/ECT on 11/30/2000 01:00
PM ---------------------------

Lloyd Will
11/30/2000 09:28 AM
To: Brent Hebert/HOU/ECT@ect, Erik Serio/Corp/Enron@Enron, Chris
Lenartowicz/Corp/Enron@ENRON, Justin Laverell/Corp/Enron@ENRON, George
Diaz/Corp/Enron@ENRON, Keith Comeaux/Corp/Enron@Enron, Steve
Olinde/Corp/Enron@Enron, Kayne Coulter/HOU/ECT@ECT, George Hopley/HOU/ECT@ect
cc:
Subject: ERCOT Portal Release 2

Please distribute to anyone who might want access.

The attached instructions explain the process.

Thanks.
---------------------- Forwarded by Lloyd Will/HOU/ECT on 11/30/2000 09:25 AM
---------------------------

Doug Gilbert-Smith@ENRON
11/29/2000 03:26 PM
To: Lloyd Will/HOU/ECT@ECT, Alex Wong/Corp/Enron@Enron
cc: Mike Curry/HOU/ECT@ECT
Subject: ERCOT Portal Release 2

fyi
---------------------- Forwarded by Doug Gilbert-Smith/Corp/Enron on
11/29/2000 03:26 PM ---------------------------

"Coon, Patrick" <pcoon@ercot-iso.com> on 11/03/2000 05:34:29 PM
To: 1 Entire email container <sendtoall@ercot.com>
cc: "Salh, Baljit" <bsalh@ercot-iso.com>, "Haston, Loy (SolutionWorks)"
<lhaston@SolutionWorks.Com>, "Grant, Allison" <agrant@ercot-iso.com>

Subject: ERCOT Portal Release 2

> The 'Web Enablement' team has finished work on
> the second release of the portal, and it is now
> accessible. The following information is also
> available on www.texaschoiceprogram.com.
> What is the ERCOT portal?
> The ERCOT portal will consolidate information
> from a variety of sources into a customizable &
> comprehensive view of business activity relative
> to each market participant. Functions available
> via the portal will include viewing status of
> transactions, access to the market operations
> systems, bid submission, and more. Security
> features will determine the data and functions
> available to each market participant.
>
>
> What is the portal release 2 for the ERCOT
> portal?
> The portal release 2 is a pre-release version of
> the portal that will include static web pages
> that have no functional behavior. The purpose of
> this release is to provide exposure to the
> portal user interface look and feel, and not to
> demonstrate specific portal functionality. This
> is not intended to be a final product release.
> The functional component of the portal is
> currently under development, and will not be
> fully tested in a manner that is suitable for
> public release by 10/31. (This includes client
> side validation, file upload, error pages,
> confirmation pages, etc.) Future portal releases
> will have these features enabled.  Unlike the
> earlier proof of concept release, no usability
> tests will be conducted on the release 2 portal
> version. Because the portal will contain static
> view-only user interfaces, there is no back end
> systems integration between the portal and
> Siebel, LODESTAR, etc.
> How can you access the portal release 2 version
> of the portal?
> The address for the portal release 2 version of
> the portal is:
>
> https://portal.texaschoiceprogram.com
>
> To access the portal follow these instructions:
>
> Note: Before you can access the portal, you must
> access and install a digital certificate.
>
> Launch and review the attached document titled,
> 'Accessing the Portal'. It provides you with
> instructions on how to access and install a
> digital certificate and how to log in to the
> portal.
>
> Important: To access the portal, you must need
> Internet Explorer 5.01 with Service Pack 1 on
> your computer.
>
>  <<Accessing the Portal.doc>>
>

 - Accessing the Portal.doc


The unit on this deal is Las Vegas Cogeneration - and I asked Les to start
entering the specific unit in the comments section of unit-contingent deals.
Let me know if he does or does not.....

Thanks,
Kate

	From:  Sharen Cason                           03/29/2001 03:36 PM

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

Subject: #564610

This is a unit contingent deal.  We have been told that we have to have the
unit name to include in the confirmation when we confirm these deals.  Can
you have the traders add the unit name in the comment section whe they do
unit contingent deals?

Thanks!


Our discussion session w/ Ken Raisler on the CFMA is scheduled for 1 to 3
p.m. Monday, March 5th in Sandalwood Rooms A & B at the downtown Hyatt
Regency Hotel.

Does anybody have any input/suggestions/requests on topics to be covered?  If
so, please reply by e-mail.  Thanks -- Bob

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


The Research Group:

It is with a deep sense of regret that I announce that Grant Masson will be
leaving the Research Group and Enron, effective today.

Grant has been a very important part of the Research Group's growth and
stability within Enron and he will be deeply missed.

We wish him the very best in his new venture and want to send him off with
all the "good" wishes and support that he deserves.  However, since I
will be out of town all next week,  we will postone the "Good Luck and
Best Wishes" party for Grant until sometime within the next 3 weeks.  An
announcement will be forthcoming at a later date.

Please take a minute to wish Grant the "Best".

Sincerely,

Vince


Attached is the latest summary of regulatory filings.  Please let me know if
you no longer want this report or if you want to add someone to the
distribution.  For those of you who are receiving this for the first time, it
is a summary of all pipeline related filings with FERC that may have an
effect on your business.


Paolo,

I cannot open the file. When I try to use my Acrobat reader, I get
a message that the file does not begin with %PDF-. The file that
I receive is winmail.dat; the pdf files typically have an extension
.pdf  and begin with teh same string of characters.
Possibly, the file is modified by the E-mail program.

My fax number is 713 646  2503.

Vince

 -----Original Message-----
From: 	"Paolo Cadoni" <pcadoni@riskwaters.com>@ENRON [mailto:IMCEANOTES-+22Paolo+20Cadoni+22+20+3Cpcadoni+40riskwaters+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, July 18, 2001 3:50 AM
To:	Kaminski, Vince J
Subject:	RE: Request for Assistance from Risk Magazine

Vincent,

Try with this file. It is a pdf one. If it does not work again let me know,
so that I can fax you the document. In this case I would need your fax
number.

Thank you again for your time and understanding.

Best regards,

Paolo Cadoni

 - winmail.dat << File: winmail.dat >>


-----Original Message-----
From: 	Savidant, Michael
Sent:	Tuesday, December 11, 2001 9:57 AM
To:	Richey, Cooper
Subject:	Quick Change

Sorry... can we use this version of the Participant list instead? Made a few small changed to capture all the declared retailers.

 << File: Participant Codes.xls >>


---------------------- Forwarded by Eric Bass/HOU/ECT on 03/28/2001 03:55 PM
---------------------------

	From:  Julie Brewer @ ENRON                           03/28/2001 11:32 AM

To: Laura Vargas/Corp/Enron@ENRON, Eric Bass/HOU/ECT@ECT, Scott L
PALMER/ENRON@enronxgate, Jeff Royed/Corp/Enron@ENRON, Kori Loibl/HOU/ECT@ECT
cc: Larry Joe Hunter/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Diane
Anderson/NA/Enron@Enron, Bianca Ornelas/NA/Enron@Enron, Richard
Deming/NA/Enron@Enron, Ellen Wallumrod/NA/Enron@ENRON
Subject:

Please rebook as indicated by credit.

Thanks.


---------------------- Forwarded by Sara Shackleton/HOU/ECT on 08/02/99 05:50
PM ---------------------------

Tanya Rohauer
08/02/99 02:10 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Cargill, Inc.

Credit worksheet for draft ISDA.....


Elena,

Can you, please, help with these prices?
Very urgent.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/21/2000
12:18 PM ---------------------------

Margaret Carson@ENRON
08/18/2000 05:22 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: AVG. MONTHLY ELECTRICITY PRICES FOR THE PAST 13 MONTHS

Vince   Do you have  a dataset  that  can give me monthly prices  in  $MW
for these
markets from July   1999  through July   2000  ?//   Thank you.   Marg.

Palo Verde
ERCOT
Cinergy
Entergy
PJM  (or  a proxy  for any of these)


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/16/2000
09:17 AM ---------------------------

"NW on Linux" <Linux@bdcimail.com> on 03/16/2000 03:00:38 AM
Please respond to "Linux Help" <NWReplies@bellevue.com>
To: <vkamins@enron.com>
cc:
Subject: Linux-- hit or miss?

NETWORK WORLD FUSION FOCUS: PHIL HOCHMUTH
on LINUX
Today's focus: Will Linux be a hit or miss on the corporate desktop?
03/15/00

Dear Wincenty Kaminski,

Today's focus: Will Linux be a hit or miss
on the corporate desktop?
---------------------------------------------
By Phil Hochmuth

So far this year, the buzz about Linux in enterprise networks has
focused on servers and embedded systems, with the growth of Linux
severs being most heralded. According to IDC, a research firm based in
Framingham, Mass., Linux was the fastest-growing server operating
system last year, with a 93% growth rate over the year before. Linux
was the second most-shipped operating system in 1999 after Windows NT,
capturing 24% of new licenses shipped.

As for the embedded market, Linux has emerged as an ideal platform for
network appliances, because the system can be modified to handle
specialized, dedicated tasks very well. Companies such as Cobalt
Networks, Picazo and Progressive Systems have announced Linux-based
appliances, ranging from Web servers to PBXs to firewalls.

But what of the open source hacker,s dream of &Linux on every desktop?8

Sure, Linux on the desktop has become more accessible than ever, with
colorful, shrink-wrapped boxes of Caldera, Red Hat and Corel Linux now
available at places like CompUSA. However, analysts have said that
Linux,s growth in the enterprise will be limited to the macro and micro
areas of network servers and embedded operating systems.

According to IDC, Linux currently runs on only 4% of U.S. desktops. The
hold Microsoft Windows has on the desktop market will remain strong,
analysts say, despite such factors as Microsoft,s antitrust problems
and the surging popularity of Linux.

Even some Linux executives are skeptical of their product,s desktop
future. Recently, SuSE CEO Roland Dyroff downplayed Linux,s future on
desktops. Dyroff said, &given the lack of applications available, we
really can't claim it as being competitive on the desktop yet.8

A recent survey by Survey.com gives more hope for Linux desktops.
According to the survey of 1,640 enterprise network managers, open
source operating systems are used on 10% of desktops, with the number
jumping to a surprising 23% of enterprise desktops by 2002.

Despite the mix of numbers being thrown around, two important factors
that will determine the success of Linux as an enterprise client
desktop are: a standardized, easy-to-use graphical user interface (GUI)
and available applications.

One company that is working to make Linux more user friendly is Palo
Alto-based Eazel, which is designing a next-generation file management
system and user interface to run on top of the Linux kernel. According
to Eazel,s Web site, the company,s goal is to bring Linux to the masses
and &do it in a way that appeals to today's Linux users and to mere
mortals.8

The company was founded by a group of former Apple executives, and is
allied with the Gnome project, which has been doing extensive Linux
desktop environment development for several years. Eazel is due to have
a product out by the middle of this year. With an intuitive, icon-based
file management environment, Eazel is hoping its user interface will be
an improvement over the two current Linux GUIs, Gnome and KDE, and will
help standardized the look and feel of Linux for &regular8 users. For
enterprise mangers who have already embraced Linux on the server side,
this development will be worth keeping an eye on.

On the applications side, several office productivity suites have been
available for some time, such as Sun,s StarOffice suite and KOffice for
the KDE desktop. Corel has also ported its office products, such as
WordPerfect, over to Linux to complement its own distribution of the
operating system. While there have been recent rumors (started by Linux
Care Vice President Arthur Tyde) that Microsoft is working on a port of
MS Office to Linux, Microsoft officials deny this.

While Linux may never supplant Windows as the industry-standard desktop,
there should be plenty of opportunity for Linux PCs in enterprise nets
in the future.

To contact Phil Hochmuth:
-------------------------
Phil Hochmuth is a writer and researcher for Network World, and a former
systems integrator. You can reach him at mailto:phochmut@nww.com.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FOR RELATED LINKS -- Click here for Network World's home page:
http://www.nwfusion.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Staroffice Software from Sun
http://www.sun.com/staroffice

Corel Linux OS
http://www.corel.com/freedom/freedom.htm

Eazel
http://www.eazel.com

GNOME -- the GNU Network Object Model Environment
http://www.gnome.org

KOffice -- the integrated office suite for KDE, the K Desktop
Environment
http://koffice.kde.org/

Cobalt Networks, Inc.
http://www.cobaltnetworks.com

Progressive Systems
http://www.progressive-systems.com

Picazo
http://www.picazo.com

Other Linux-related articles from Network World:

Active Directory upgrade requires strong game plan,  Network World,
03/13/00
http://www.nwfusion.com/archive/2000/89629_03-13-2000.html

*********************************************************
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Have editorial comments? Write Jeff Caruso, Newsletter Editor, at:
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at: mailto:jkalbach@nww.com

Network World Fusion is part of IDG.net, the IDG Online Network.
IT All Starts Here:
http://www.idg.com

Copyright Network World, Inc., 2000


Start Date: 4/24/01; HourAhead hour: 5;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042405.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 5 / Preferred:   0.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: EES
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  UNIT_ID: BADLND_7_PL1X2

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 5 / Preferred:  43.07 / Final:  42.52)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  SC_ID: EPMI


Hey everyone-

Looking forward to seeing y'all tomorrow.  I wanted to let you know that it
is Jackie's B-day today..I am planning on bringing a cake so we can all
celebrate together tomorrow!

See you tomorrow night!

Deepika
-----Original Message-----
From: Kelly, Jacqueline [mailto:Jacqueline.Kelly@schwab.com]
Sent: Tuesday, August 21, 2001 5:14 PM
To: Kelly, Jacqueline; 'Chris Neale (E-mail)'; 'Courtney Abernath
(E-mail)'; Shah, Deepika; 'Jeff Dasovich (E-mail)'; 'Paul Brodie
(E-mail)'; 'tedchin@hotmail.com'; 'sama@haas.berkeley.edu';
'wise@haas.berkeley.edu'; 'Erin Brewer (E-mail)'
Subject: RE: Pre-Semester Pow-Wow

You are all confirmed...the place is not.

Unfortunately Laurel's is too close to the real thing...it sucks!  So I
canceled

I made a res at Cafe Monk on 4th between Brennan and Brannon.  Other
suggestions were Thirsty Bear and Cha-Cha-Cha, both good, but greasy food.

Any oppositions to Cafe Monk, or better suggestions?  (I tried Boogaloos but
they are closed Thursday)

> -----Original Message-----
> From:	Kelly, Jacqueline
> Sent:	Thursday, August 16, 2001 12:52 PM
> To:	Kelly, Jacqueline; 'Chris Neale (E-mail)'; 'Courtney Abernath
> (E-mail)'; 'Deepika (E-mail)'; 'Jeff Dasovich (E-mail)'; 'Paul Brodie
> (E-mail)'; 'tedchin@hotmail.com'; 'sama@haas.berkeley.edu';
> 'wise@haas.berkeley.edu'; Erin Brewer (E-mail)
> Subject:	RE: Pre-Semester Pow-Wow
>
> I booked a table for 12 at 8pm at Laurels on 205 Oak st between (cross
> street is the street between laguna and gough) 934-1575 is the phone
> number.
>
> Cuban Cuisine.
>
> I have confirmed:
> Deepika (2)
> Courtney(2)
> Blake(2)
> Chris(2)
> Anil(2)
> ted and me(2)
>
> Let me know if more are coming so I can extend the reservation.
>
> See you there!!
>
>
> 	-----Original Message-----
> 	From:	Kelly, Jacqueline
> 	Sent:	Wednesday, August 15, 2001 8:06 AM
> 	To:	Chris Neale (E-mail); Courtney Abernath (E-mail); Deepika
> (E-mail); Jeff Dasovich (E-mail); Paul Brodie (E-mail);
> 'tedchin@hotmail.com'; 'sama@haas.berkeley.edu'; 'wise@haas.berkeley.edu';
> 'brewer@haas.berkeley.edu'
> 	Subject:	Pre-Semester Pow-Wow
>
> 	I hope you had a great summer!!
>
> 	Lets get together and catch up before school starts next Thursday,
> August 23.
>
> 	Details to follow...
>
> 	Let me know if you can make it, and suggested places to meet.
> Invite others as well.
>
> 	Also, we need to discuss the December trip in Tahoe to celebrate!!
>
> 	Hope to see you next week!
>
> 	Jacqueline Kelly
> 	Treasury
> 	Charles Schwab & Co, Inc
> 	(415) 667-3915
>
> 	Warning: All e-mail sent to or from this address will be received or
> otherwise
> 	recorded by the Charles Schwab corporate e-mail system and is
> subject to
> 	archival, monitoring or review by, and/or disclosure to, someone
> other than the
> 	recipient.
>


Hi Geynille,
I would like to refer a particularly good student to you who is interested
in a position in Energy finance.  His name is Jonathan J. Morace and he can
be reached at (713)797-0377 or jmorace@msnn.com

He has an excellent record, with a GPA of 3.90, and has had some experience
in risk management.  I can recommend him very highly.
Ron
Ronald F. Singer
Professor and Chair
Department of Finance
C.T. Bauer College of Business
University of Houston
Phone: (713) 743-4771
Fax: (713) 743-4789
Rsinger@uh.edu
http://www.cba.uh.edu.dept/finance/depfin.htm


Are the provisions we care about in Title 9?

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
(713)853-7459


Guys, updates to numbers given discussions at QBR's.

Regards
Delainey


Ahn-yong-ha-sae-yo Anderson team,
Looks like I'll be missing the fall recruiting activities in L.A.  I trust
all is going well, and that we should continue our success at Anderson.  I
would hope the dot com fever has died down somewhat, plus I think Enron has
quite of bit of upside to offer candidates in that so much of what we do now
is new economy without as much risk as a pure dot com.

Life in Seoul is working out quite nicely.   My wife Sunnie and I are finally
settled into our townhouse in Sungbuk-dong, next to Pukhansan National
Park.   Almost all of Korea is mountainous and we can find trails everywhere
in and around Seoul.  Work is going very well.   I'm in charge of new
business development at the SK-Enron joint venture so I've got my team
working on about half a dozen initiatives.  I am currently busy preparing for
the launch of a B2C website catering to consumers and their household
needs.   I'm also leading a pilot project to lay some fiber optic cable along
our gas pipeline network.  Summer monsoons have finally stopped, and we're
looking forward to a trip down to Pusan during Chuseok (Korean
thanksgiving).  Sunnie, daughter Heather and I spent a week in the mountains
near Seoul, quite beautiful.    Let me know how the recruiting progresses,
and also what's been going on in Houston.

Cheers,
Jung


-----Original Message-----
From: 	Stokley, Chris
Sent:	Monday, May 14, 2001 7:08 AM
To:	Confer, Mark
Subject:	PX PAYMENT


-----Original Message-----
From: Hayslett, Rod
Sent: Sunday, November 25, 2001 3:18 PM
To: Taylor, Sarah; 'haysletr@txucom.net'
Cc: 'sdesai@idriveonline.com'; Desai, Jayshree
Subject: RE: Red Rock additions
Importance: High

FYI.    This is my story for now, but I think it explains the volumes and the rates as well as the revenue projections.   Please note we have found a bust in 2002 revenue.   This yields a higher answer without any additional volumes being used.

-----Original Message-----
From: Taylor, Sarah
Sent: Sun 11/25/2001 3:04 PM
To: Hayslett, Rod; 'haysletr@txucom.net'
Cc: 'sdesai@idriveonline.com'; Desai, Jayshree
Subject: Red Rock additions

<<Exisiting capacity projections w. Red Rock.xls>>


Just an example of "brokerage account stuff" that can occur with respect to a
single account.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/21/2000
11:47 AM ---------------------------

	From:  Sheila Glover                           03/21/2000 10:49 AM

To: Gil Melman/Enron Communications@Enron Communications
cc: Donna Lowry/HOU/ECT@ECT, John Greene/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Mike Deville/HOU/ECT@ECT, Terri Harlan/HOU/ECT@ECT
Subject: Rhythms stock

Gil,
I received my copy of the instructions to Morgan Stanley and the letter to
the transfer agent.
I have faxed a copy to Frank Moy at Morgan Stanley who has not received the
original,as yet.
I have requested his verification that the account is open and an anticipated
timing for the transfer agent.

Have instructions been provided with the account opening authorizing John
Greene to trade for Enron Communications Investments Corp?
Has Donna been provided with the necessary internal releases for the sale?
Are we anticipating only selling 2,392,058 in the near term since that is the
only piece being registered in street-name?
John Greene will be provided with  instructions requesting him to sell and
acceptable pricing guidelines.

Thanks Sheila


Please note that Mark Dilworth's demonstration scheduled for tomorrow morning
(11:00 EB2601a) will not be of the entire EnronOnline system but will focus
on the portion of the system that builds the long descriptions.  The system
now builds the entire long description from the various elements - most of
which we have already reviewed - and displays them as they will be viewed by
counterparties online.  It is particularly important that the lawyers
responsible for the long descriptions and the GTC's attend so that we can
complete the review process.  If you can not attend, please let me know so we
can set up a time for Mark to show you how to access the system.

Thanks,

Mark


Enron Global Travel Management (a division of Global Strategic Sourcing) is
pleased to announce that American Express Corporate Cardholders can now view
account details Online.

Highlights of this service include:
 Review previously billed, current, and unbilled charges
 Review corporate direct payments and personal payments applied to your
account
 Dispute a charge online, if needed
 Access customer service 24 hours a day, 7 days a week

To Log On to American Express Online Services:
GSS has prepared a special registration/log on page for Corporate Cardmembers
for your convenience.  To access it, go to http://travel.enron.com and click
on the Corporate Card button.

Cardmembers with cards issued within the last 45 days, need to call American
Express customer service to enroll.  The number is 1-800-297-1234.

If you have already registered your Personal American Express Card in the
American Express Online Services program:
Please click on the "Check Your Bill" link and login using your existing User
ID and password.  You will be able to add your American Express Corporate
Card to your existing registration by clicking on the "Update your Online
Profile" link which appears on the left hand menu bar once you are logged in.

We hope you enjoy using American Express Online Services.

For questions or additional information, contact Tracy Ramsey (Director,
Global Travel Management) at 713/853-6457.


Mark - As per Harry's request, I'm forwarding you the ICIS LOR Pricing
Language for Methanol online trading:

The arithmetic average of the mean of the high and low prices as quoted
in ICIS-LOR Group LTD's Methanol Price Report in the section under
Methanol (US Gulf) Contract Prices (FOB) - "Barge" (cts/gal)
effective each day in the Delivery month for which such prices are
quoted (rounded to four (4) decimal places).

If the Contract Price for Methanol is no longer quoted by ICIS-LOR in
exactly the same format  as on the date hereof, then the parties will
negotiate in good faith to determine an alternative price index
representing the Contract price of Methanol.

Thanks.
Nony


you know that all of us (Matt, Chad, and I)are just fucking with you about
the EES bullshit.  if it bothers you that much then say something about it.
as far as my comments on your performance here, i was just kidding.  i know
that brenda thinks the world of you and that you wouldn't have stayed even if
invited, besides, i learned from the intramonth guru himself.  i was just
trying to defend myself because you were saying that all i do is follow tom's
lead.  and, by the way, i did not make a comment about ees until you brought
up the cfa.  i know that you, matt, and chad think that i had nerves and that
is why i didn't take the test, but why the hell would i have nerves about a
test that has no bearing whatsoever on my future.

so quit the bullshit, and, TEXAS will still beat the shit out of LSU on Sat.

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: CWS

Look man, you started this shit by bringing up the same cheap EES comments
that you always do when you have nothing better to say.  When I have to put
up with that lack of respect from you on a daily basis, I consider it below
the belt.  I would have liked to keep this to the game, but for some reason
you always add the bit about EES.  Besides, don't throw Brenda choosing
between you and Heidi in my face.  That doesn't add much credibility.

Between friends,  life and work are not constant competitions to see who's
smarter or who makes more money.  I was genuinely happy for you when you
decided to stay on at the desk.  As a matter of fact, I remember giving you
advice, as a friend, on that very subject.  I hold no resentment or jealousy
that you got it and I didn't.  I wouldn't have taken it anyway.  I neither
liked my job in risk or felt that I was exceptional at it.  But, I did it
well enough to bide time and move on to something that I'm more suited for.
My move to EES wasn't a banishment, but a choice.  It was a risk that paid
off very well.  Of course you are better at what you do than I.  But I
seriously doubt you could be as effective as I am in front of a Customer or
managing a project.  It's all about what you do well and being happy with
that.  I'm glad we both are, but attempting to make me or my position less
important because I don't work on the trading floor is just typical ENA
arrogant bullshit.

....And you have no history about getting hammered and hooking up with skanks
(i.e. Indian Princess.)  At least I don't take them on dates (that was
justified.)  Now let's cut this crap and move on.

Or I'll send my Dad to beat up your Dad.

Out.

Eric Bass@ECT
06/08/2000 01:53 PM

To: Timothy Blanchard/HOU/EES@EES
cc:
Subject: Re: CWS

I guess it isn't as tough as EES, you're right.  I would hate to have to come
to work at 9:00 am and leave at 5:00 everyday.  I guess I just had this
opportunity fall in my lap because I never have added the kind of value that
you did while in risk or EES.  I guess that is why I got offered a promotion
to stay and you were sent packing to Enron Siberia.

P.S. Shanna has another skank friend coming in town this weekend, maybe you
can hook up!

To: Eric Bass/HOU/ECT@ECT
cc: Chad Landry/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, val.generes@ac.co@ECT
Subject: Re: CWS

Hack it?  Not too tough to be a "yes" man and claim someone else's profits as
your own.  Besides, I hope you can handle the pressure of the trading floor a
bit better than pressure of the CFA.  Food poisoning?  C'mon.

P.S.  I hear Tom's on vacation soon.  You'd better flatten out.

Eric Bass@ECT
06/08/2000 01:32 PM

To: Timothy Blanchard/HOU/EES@EES
cc: Chad Landry/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, val.generes@ac.co@ECT
Subject: Re: CWS

It may not be rocket science, but not everyone can hack it.  Isn't that why
you left the wholesale side of the business?  Besides somebody has to take up
the slack for EES.  Let the me know when you need some earnings to cover your
loss for the quarter, I'm sure I can spare some out of my book!

To: Eric Bass/HOU/ECT@ECT
cc: Chad Landry/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, val.generes@ac.co@ECT
Subject: Re: CWS

Remember, buys are 1/2 cent above Tom's buys and sells are 1/2 cent below.
Keep up the hard work.  It's definitely rocket science.

Eric Bass@ECT
06/08/2000 12:33 PM

To: Timothy Blanchard/HOU/EES@EES
cc: Chad Landry/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, val.generes@ac.co
Subject: Re: CWS

I don't need to talk shit about the game.  I will let the Longhorns do the
talking for me on Saturday.

By the way,  you can probably see your reflection in that surfboard by now.

To: Eric Bass/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Matthew
Lenhart/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, val.generes@ac.com
cc:
Subject: CWS

Excerpt from Baseball America on 2000 CWS.

Bass, give it up.  You are done.

The Tigers wear the mantle of favorite well. They have won
                    nine straight games in postseason play, including the
Southeastern
                    Conference tournament. They are relatively healthy. They
have power
                    hitters, they have patient hitters, and they can field
better than recent
                    versions of the club. Best of all, they have a lot of
arms, and they have
                    Bertman around to use them.


We will take the NGPL variances.
PL

	From:  Cathy Sprowls                           02/16/2001 01:28 PM

To: Phillip M Love/HOU/ECT@ECT
cc:
Subject: Re: Financial Liquidation Issues

The Aurora liquidation tagg is N65007.2

The NGPL variance is primarily the following:

N50101.X                   2,221.50
              N70658.3              131,316.55

NQ1900.1               (15,596.02)

Sorry, my notes were getting a little hard to follow on some of those cells.

Thanks
Cathy
---------------------- Forwarded by Cathy Sprowls/HOU/ECT on 02/16/2001 01:23
PM ---------------------------

Phillip M Love
02/16/2001 10:27 AM
To: Cathy Sprowls/HOU/ECT@ECT
cc:
Subject: Re: Financial Liquidation Issues

0008 Lone liquidations can you please get the tagg number for the aurora
liquidation tsf from the East
Is the NGPL purchase variance for roughly $109K part of the the N50101 - syn
storage?

 WPS liquidation NV8650.1 is a option premium that is being paid on sitara
#384296 12/00-2/01.  This liquidation needs to be seperated out to its own
line and split accordingly along the months 12/00 & 01/01 - $116,250 and 2/01
$105,000.  We should get oa forms on this deal for these months that this
liquidation will offset.
Take remaining $7K
Thanks.
PL


Hey, if no one has told you today that you are the king, let me be the one to
do so.

Peace

Jeff


Please be advised that the Caledonia facility will be unavailable until
further notice due to circuit board failures in the control system. The ETA
for repairs is next week.

As usual if there are any questions / concerns, please contact the Genco
control room.


CR [aka conference room] 5C1.  I know they are in the Allen Center.  I'm just
damn smart, that's all.

From: Suzanne Adams@ECT on 08/23/2000 01:39 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Invitation - Westinghouse/Gleason iss (08/24/2000 12:30:00 PM
CDT)

Where do you see that room?  I saw no room information yet.

	Kay Mann@ENRON
	08/23/2000 01:30 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Invitation - Westinghouse/Gleason iss (08/24/2000 12:30:00 PM
CDT)

The room is 3AC5C1, according to this email.  I didn't check to see what it
was before.

From: Suzanne Adams@ECT on 08/23/2000 01:29 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Invitation - Westinghouse/Gleason iss (08/24/2000 12:30:00 PM
CDT)

I've changed it on your calendar.  I suppose it's in the same room.

	Kay Mann@ENRON
	08/23/2000 01:26 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Invitation - Westinghouse/Gleason iss (08/24/2000 12:30:00 PM CDT)

This replaces the meeting scheduled for 400 tomorrow.
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/23/2000 01:26
PM ---------------------------

John.Normand@enron.com@enron.com on 08/23/2000 11:47:29 AM
Sent by: Arlene.Chapman@enron.com
To: Mitch.Robinson@enron.com, Kay.Mann@enron.com,
John.Schwartzenburg@enron.com, Scott.Dieball@enron.com, Bob.Greene@enron.com,
Dennis.Alexander@enron.com, Brian.D.Barto@enron.com, Gavin.Gaul@enron.com,
Mark.Dobler@enron.com, Ross.Newlin@enron.com
cc:

Subject: Invitation - Westinghouse/Gleason iss (08/24/2000 12:30:00 PM CDT)

  (superscript: New meeting request from John Normand)

                08/24/2000 12:30 PM Local Time
                08/24/2000 02:00 PM Local Time

  Title:        Westinghouse/Gleason issues CR#5C1 - Lunch served
  (J.Normand, M.Robinson, K.Mann, J.Schwartzenburg, S.Dieball, B.Greene,
  D.Alexander, B.Barto, G.Gaul, M.Dobler, R.Newlin))
  Location:     -No room information available-

  Chair:        John Normand/ENRON_DEVELOPMENT

  To (required):   Mitch Robinson/Corp/Enron
  cc (optional):

     John Normand/ENRON_DEVELOPMENT wants you to attend a meeting.

On        08/24/2000 12:30:00 PM CDT
For       1 hour 30 minutes
With:          John Normand/ENRON_DEVELOPMENT (Chairperson)
          Mitch Robinson/Corp/Enron (Invited)
          Kay Mann/Corp/Enron (Invited)
          John Schwartzenburg/ENRON_DEVELOPMENT (Invited)
          Scott Dieball/ENRON_DEVELOPMENT (Invited)
          Bob Greene/ENRON_DEVELOPMENT (Invited)
          Dennis Alexander/ENRON_DEVELOPMENT (Invited)
          Brian D Barto/ENRON_DEVELOPMENT (Invited)
          Gavin Gaul/ENRON_DEVELOPMENT (Invited)
          Mark Dobler/NA/Enron (Invited)
          Ross Newlin/ENRON_DEVELOPMENT (Invited)

   Westinghouse/Gleason issues CR#5C1 - Lunch served (J.Normand,
M.Robinson, K.Mann, J.Schwartzenburg, S.Dieball, B.Greene, D.Alexander,
B.Barto, G.Gaul, M.Dobler, R.Newlin))


Please send it on.

"Taylor, Rob" <robtaylor@akllp.com> on 12/08/2000 10:28:03 AM
To: "Thompson, Peter J." <peterthompson@akllp.com>, "Kay Mann (E-mail)"
<kay.mann@enron.com>
cc: "Lee. Johnson (E-mail)" <lee.johnson@ss.ps.ge.com>, "Kent. Shoemaker
(E-mail)" <kent.shoemaker@ae.ge.com>, "Cheryl. Lipshutz (E-mail)"
<Cheryl.Lipshutz@enron.com>, "Roseann Engeldorf (E-mail)"
<roseann.engeldorf@enron.com>, "Brett. R. Wiggs (E-mail)"
<Brett.R.Wiggs@enron.com>, "Ben. Jacoby (E-mail)" <Ben.Jacoby@enron.com>,
"Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Chris"
<chriscobb@akllp.com>

Subject: RE: Enron South America Break-Out Agreement

Is this ready to go to Winston & Strawn?

-----Original Message-----
From: Thompson, Peter J.
Sent: Friday, December 08, 2000 10:22 AM
To: Kay Mann (E-mail)
Cc: Lee. Johnson (E-mail); Kent. Shoemaker (E-mail); Cheryl. Lipshutz
(E-mail); Roseann Engeldorf (E-mail); Brett. R. Wiggs (E-mail); Ben.
Jacoby (E-mail); Pipitone, Paul; Taylor, Rob; Cobb, Chris
Subject: Enron South America Break-Out Agreement

    Attached please find a clean and blackline of the latest draft of
the Enron South America Break-Out Agreement.  The only changes made to
this version is the addition of today's date and the 72/25 split of
Change Order 3 in Section 6.2.  We are still missing the Agreement
Reference in section 6.7.1.  We haven't made any changes to the exhibits
since the last time they were circulated.  I will pull them out of our
Houston database and circulate them shortly.


Greg do you agree with the notes below.

John

 -----Original Message-----
From:  Steffes, James
Sent: Thursday, June 07, 2001 7:36 AM
To: Lavorato, John; Kitchen, Louise
Subject: Agenda for FERC Meeting RE: EOL

FYI.  Here is our agenda for the FERC staff that is coming to Houston to
visit next Monday.  Please call if you have any questions.

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 06/07/2001
07:35 AM ---------------------------
From: Christi L Nicolay@ECT on 06/06/2001 05:27 PM
To: marvin.rosenberg@ferc.fed.us
cc:  (bcc: James D Steffes/NA/Enron)

Subject: Agenda for EnronOnline Meeting

Marvin -- We look forward to your visit.

Agenda for Meeting at Enron

Monday, June 11

12:15:  FERC Team arrives at Enron
  1400 Smith Street
  Come to the Front Desk -- Sarah Novosel (Senior Director, Federal
Regulatory Affairs)
  and Christi Nicolay (Senior Director, Power Trading, Federal Regulatory
Affairs)
  will be waiting to meet you and sign you in with security

12:30-1:30 Lunch with Christi Nicolay, Sarah Novosel, Jim Steffes (Vice
President, Government Affairs)

1:30 - 2:30 Presentation by Dave Forster, Vice President, EnronOnline

2:30 - 3:00 Tour of Power Trading Floor with meeting and demonstration of
trading activities with
  Kevin Presto, Vice President

3:00 - 3:30 Tour of Gas Trading Floor with meeting and demonstration of
trading activities
  with Phillip Allen, Managing Director,  West Gas Trading

3:30 - 4:00 Wrap Up


John,
Thank you for your interest in one of my  cars. I look forward to meeting
you on Saturday afternoon. Please feel free to contact me if you have any
further questions. (713)875-7065 direct
Sincerely,

Kenneth Wright
Pre-Owned Internet Sales Manager
(713) 596-3891

 - PV4250.F.jpg
 - PV4250.LREAR.jpg
 - PV4250.SEATS.jpg
 - PV4250.DIALS.jpg


I have a few concerns about this.  We are suppossed to be the only point of
contact for changes in tagg.  This is an internal control issue that leaves
all responsibility for errors in tagg with risk.  If other people are
touching deals in tagg, any errors will then have to be investigated further
and thus take longer to resolve.

I guess my main question for you is, does a problem exist in the current
system?  Is risk not addressing your issues and needs on a timely basis?  If
so, we need to readdress that issue and resolve it in a more timely manner.

Please let me know if the others disagree with me.

Thanks.
PL


I was advised by Lad Lorenz of Socal that their original application sets
forth the plan by which they will sell the residual gas in the Montebello
storage field.

Can you please advise me of the final tems of the PUC decision (should have
been announced yesterday) and get a copy of the application?

Based upon yesterday's conference in D.C., I  think the restructuring of
Socal's backbone transportation is about to become a hot topic again! Please
keep us apprised.

Regards,

Stephanie


Attached are the contracts for the Kennedy and Quantum excess gas purchase.
The confirms will be signed by the parties and governed by the GTC.  The
attached GTC is the same for both confirms.  Note the Exhibit A to each
confirm is not attached.  I will simply take the well listing Exhibit's from
the existing long term contracts to create these new exhibits.


Vernon, looks good to me with Steve Kirk's small fix on last paragraph.  Thanks. Lynn

 -----Original Message-----
From: 	Mercaldo, Vernon
Sent:	Friday, September 28, 2001 4:20 PM
To:	Williams, Jo
Cc:	Porter, David V.; Kirk, Steve; Miller, Kent; Blair, Lynn; Holmes, Bradley
Subject:	Virginia Power Final Draft

Here is the final draft of the response letter for Virginia Power.  Please review and provide comments by Tuesday, October 2.

Thanks!
 << File: VPEM9272001.doc >>


Leave this to the UDCs -- we are also OK with the penalty.  The main problem
for the ISO operators is the lack of resources being scheduled day-ahead, so
I think we should be OK with that penalty.

	Mary Hain@ECT
	11/03/2000 09:42 AM

		 To: Susan J Mara/NA/Enron@Enron, Dennis Benevides, James D
Steffes/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Roger
Yang/SFO/EES@EES, Neil Bresnan/HOU/EES@EES, Jeff Dasovich/NA/Enron@Enron, Joe
Hartsoe@Enron, Sarah Novosel/Corp/Enron@ENRON, Alan Comnes/PDX/ECT@ECT
		 cc:
		 Subject:

We have discovered another problem that we may want to discuss in our oral
comments, although the UDCs may cover it.  Even though the FERC removes the
forward market prohibition, the UDCs will not be in the forward market
because: (1) the PUC may find they were imprudent and (2) the FERC's penalty
is only for underscheduling load in the day-ahead or the day-of market, not
for load failing to be hedged in the forward market.


FYI.   Looks like PIRA will be releasing a bearish material balance and 02 gas price outlook soon.

 -----Original Message-----
From: 	Herndon, Rogers
Sent:	Friday, September 21, 2001 12:44 PM
To:	Presto, Kevin M.; Benson, Robert; Davis, Dana; Gilbert-smith, Doug; Gilbert-smith, Doug; Sturm, Fletcher J.
Subject:	FW: PIRA Gas View Shift

 -----Original Message-----
From: 	"Allan Stewart" <astewart@pira.com>@ENRON [mailto:IMCEANOTES-+22Allan+20Stewart+22+20+3Castewart+40pira+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, September 21, 2001 11:51 AM
To:	Herndon, Rogers
Subject:	PIRA Gas View Shift

Rogers,

Wanted to make sure that I mentioned that we have redone our balances
initially and they are showing something even uglier than we had discussed
.. something like a 1.3 TCF EO March 02. That would mean a loss of some 3.5
BCF/D of injection demand in summer of 2002. Not surprising, we are probably
going to revise our prices down and throw out the V bottom and grab a long,
wide U bottom .. no $3 prices for 2002. You know what we really mean. UNT
was rallying today at over $8. This thing could almost as ugly as the last
down cycle.

Regards,
Allan


STOCKWATCH Enron higher after Merrill Lynch's cautious upgrade to 'buy'
AFX News, 10/09/01
USA: RESEARCH ALERT-Merrill Lynch upgrades Enron.
Reuters English News Service, 10/09/01
Upgrades & Downgrades: Changes For CVS, Enron
CNNfn: Market Coverage - Morning, 10/09/01
ARGENTINA: Azurix withdraws from Buenos Aires water contract.
Reuters English News Service, 10/09/01
Power providers cry foul over fees / State is accused of improper billing
The San Francisco Chronicle, 10/09/01
Trammell Crow Company Names Rebecca McDonald to Board of Directors
Business Wire, 10/09/01
Enron Corp. Raised to Long-Term `Buy' at Merrill
2001-10-09 06:00 (New York)
Northwest to Buy Portland General
CBS MarketWatch.com, 10/8/2001

STOCKWATCH Enron higher after Merrill Lynch's cautious upgrade to 'buy'

10/09/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

NEW YORK (AFX) - Shares of Enron Corp were higher in morning trade after Merrill Lynch issued a cautiously optimistic note upgrading the stock to 'buy' from 'accumulate' following Enron's sale of certain US and Indian assets, dealers said. At 11.35 am, Enron gained 36 cents, or 1.08 pct, to 33.81 usd.
The Dow Jones Utility Average (DUX) declined 4.26 points to 316.05.
On the broader indices, DJIA lost 16.26 points to 9,051.68, the S&P
500 fell 3.50 to 1,058.90, while the Nasdaq composite dropped 23.21
points lower to 1,583.53.

In a note issued early this morning, Merrill Lynch analyst Donato Eassey said, the agreement to sell Portland General and its India oil and gas interest, has positioned the company to focus on its more profitable core businesses, while substantially reducing its debt load by the end of 2002.
The sale of Portland General is expected to add 1.88 bln usd of cash to the company coffers at the close of the transaction fourth-quarter of 2002. The deal will also bring 1.1 bln usd of debt relief.
Meanwhile, the sale of Indian oil and gas assets should bring in 388 mln usd.
Eassey expects more asset sales by the company in the near future.
The divestiture of the troubled Dabhol power facility in India along with smaller international gas assets could provide the company with additional liquidity, he said.
"Enron could ultimately (in the next 3 years) raise another 1.8 bln usd or so from Dabhol and other non-core international assets."
The Dabhol plant is 65 pct owned by Enron, making it the biggest investment in India by a non-Indian company.
The company's partner, Maharashtra State Electricity Board (MSEB), owns 15 pct. MSEB owes Enron 48 mln usd for past power bills, but claims the power is too expensive and says it cannot absorb it all. The plant has lied idle since.
Many questions, however, remain unanswered, said Eassey, noting that despite the upgrade he is remaining cautious.
"While Enron has a menu of assets to draw upon to raise capital, reduce debt and improve its earnings prospects in the process, the primary question centres on timing," he said.
"Will the asset sales line up with an expected balance sheet clean up (with prospective gains offsetting losses)?
"Can Enron sell its interest in Dabhol anytime soon, given the current war environment?
"What impact will the weakening economies of South America such as Brazil and Argentina, not too mention the negative economic sentiment here in the US, have on Enron's and other internationally diverse companies' earnings outlook?"
These issues, along with the earnings drag from about 967 mln usd invested in its broadband unit and the viability of its 3.5 bln usd of goodwill, will likely continue to weigh on the stock near-term, explained Eassey.
Reflecting the above uncertainties, Eassey said he is "cautiously lightening" his 3-year growth outlook from the 20 pct range to 16-17 pct a year. Earnings per share estimates for 2001 stand at 2.10 usd, while the 2003 forecast is 2.45 usd.
Accordingly, Eassey's 'long-term' price objective now stands at 44 usd, or 31 pct above its current price with an upgrade on the shares to buy from accumulate.
blms/lj For more information and to contact AFX: www.afxnews.com and www.afxpress.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: RESEARCH ALERT-Merrill Lynch upgrades Enron.

10/09/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 9 (Reuters) - Merrill Lynch said on Tuesday analyst Donato Eassey has upgraded Enron Corp. to "long-term buy" from "accumulate," explaining some of the big power marketers' clouds have cleared with the agreements to sell Portland General Electric and its India oil and gas interests.
Stating Enron is well on its way to resharpening its focus on its more profitable core businesses while substantially reducing its debt load by the end of 2002, the analyst said: "We still expect more in the way of asset sales such as the Dabhol power facility along with smaller international gas assets."
While Enron has a host of assets to draw upon to raise capital, reduce debt, and improve its earnings prospects in the process, the primary question centers on timing, Eassey said. "What impact will the weakening economies of South America such as Brazil and Argentina, not too mention the negative economic sentiment here in the United States, have on Enron's and other internationally diverse companies' earnings outlook?"
He said these issues, along with the earnings drag from about $967 million invested in its broadband unit and viability of its $3.5 billion of goodwill, will likely continue to weigh on the stock in the near term. "Reflecting the above uncertainties, we are cautiously lightening our three-year growth outlook from the 20 percent range to 16 percent to 17 percent per annum."
In Tuesday morning trading, Enron shares were up 30 cents to $33.75 after early buying carried Monday's $1.72 advance as high as $34.07.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Business
Upgrades & Downgrades: Changes For CVS, Enron
Rhonda Schaffler

10/09/2001
CNNfn: Market Coverage - Morning
(c) Copyright Federal Document Clearing House. All Rights Reserved.

RHONDA SCHAFFLER, CNNfn ANCHOR, MARKET CALL: Time now for "Upgrades & Downgrades": Lehman Brothers is cutting CVS (URL: http://www.cvs.com/) to a buy from a strong buy. Lehman says the weak economy combined with increased retail competition and high expenses could hurt CVS in the near-term.
ABN Amro downgrades Micron (URL: http://www.micron.com/) to a hold from an add, to match its underweight recommendation of the semiconductor sector. The brokerage firms sees some problems for the D-Ram business.
Goldman Sachs is cutting Sempra Energy (URL: http://www.sempra.com) to market outperform from its U.S. recommended list and cutting its price target by $7, to $29. Goldman says it sees limited upside potential for the stock.
And finally, Merrill Lynch is raising Enron (URL: http://.www.enron.com/) to a buy from an accumulate. Merrill says Enron is off to a great start in getting its financial health in order.
Let`s see how these stocks are trading so far; You can see the group is mostly lower, except for Enron. It is up.
"Market Call" will be right back after this break.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

ARGENTINA: Azurix withdraws from Buenos Aires water contract.

10/09/2001
Reuters English News Service
(C) Reuters Limited 2001.

BUENOS AIRES, Argentina, Oct 9 (Reuters) - Water company Azurix, a unit of energy company Enron Corp. , said on Tuesday it had withdrawn from its contract to distribute drinking water in Buenos Aires province after ongoing disputes with the provincial government.
"Azurix Buenos Aires SA ... officially notified the government of its withdrawl from the concession contract due to serious breaches on the part of the province of Buenos Aires," the company said in a statement without providing further details.
In recent months, Azurix has accused the province - Argentina's largest and most indebted - of not complying with certain conditions in the concession, a 30-year deal for which the company paid $439 million in late 1999.
Azurix provides water services to 2.5 million people in 71 cities in the province, which says it has met all conditions of the contract,.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

NEWS
Power providers cry foul over fees / State is accused of improper billing
Bernadette Tansey
Chronicle Staff Writer

10/09/2001
The San Francisco Chronicle
FINAL
A.13
(Copyright 2001)

Electricity suppliers long accused of manipulating California's energy market are turning the tables on the state, saying its independent grid manager is forcing them to make up the cost of bad energy deals signed by Gov. Gray Davis' administration.
The power traders accuse the Independent System Operator -- which is legally required to act as an impartial market manager -- of improperly helping state power buyers spread out the cost of high- priced electricity contracts.
Energy firms as well as municipal utility systems have complained about mysterious charges on their accounts with the grid agency, said Jan Smutney-Jones of the Independent Energy Producers Association, which represents such industry giants as Enron, Dynegy, Williams and Reliant.
The charges showed up around the time the state Department of Water Resources was forced to start selling excess electricity it had purchased at an average of $69 per megawatt hour for as little as $1 per megawatt hour.
"The ISO seems to be following specific instructions the Department of Water Resources is giving them," Smutney-Jones said.
An industry source said NRG Energy Inc. and other suppliers were preparing a formal complaint to the Federal Energy Regulatory Commission, which could order the state to issue refunds to generators if it finds they have been improperly charged.
The commission has ordered an unprecedented operational audit of the grid management agency.
State officials bought power under long-term contracts when it appeared California could suffer serious power shortages over the summer. Instead, the state had more than enough power, and electricity available on the spot market suddenly cost half as much as the energy California had bought.
Gary Ackerman of the Western Power Trading Forum, an industry group, said the grid operator was using a combination of power scheduling and billing practices to "bury" some of the cost of power purchased by the state in the accounts of other generators.
"The state is the biggest buyer and seller of electricity, and they control the governing board of the ISO," Ackerman said.
The governor's spokesman, Steve Maviglio, called the power firms' accusations "absolutely false" and said the generators were trying to whip up sentiment in Washington to interfere with the state's affairs.
"The generators know they'll get a much better deal at FERC headquarters in Washington than they will in Sacramento," Maviglio said. "It shouldn't be a surprise that they make these accusations here to get federal involvement."
Oscar Hidalgo, a spokesman for the Department of Water Resources, said generators could hardly cast themselves as victims in California's energy crisis.
"I don't feel sorry for them one bit," Hidalgo said. "They had one heck of a year."
Gregg Fishman, spokesman for the ISO said the agency was preparing a response to the accusations.
Energy trade organizations said they suspected the ISO of using several mechanisms to charge suppliers for state contract costs.
The extra expense is sometimes tacked on to suppliers' bills for ISO operating costs, which all electricity sellers in California share, Ackerman said.
Some firms say they have tried to buy cheap spot market electricity for resale, only to find later that the grid manager has charged them for more expensive state power. Others say the grid operator orders them to activate stand-by power units on too-short notice. When they can't comply, they say, the ISO brings high-priced state power on line and bills them for the extra cost.
The accusations are part of a struggle for control of California's grid. In January, Davis disbanded the ISO's 26-member governing board, which was chaired by Smutney-Jones, after some critics said it was too cozy with industry. Davis appointed his own five-member board.
In February, then-FERC Chairman Curt Hebert said the new board had become "a political arm of the governor." The commission is trying to get California to turn over its grid to a multistate transmission organization.
Davis has warned Washington to "keep its hands off" the ISO.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Trammell Crow Company Names Rebecca McDonald to Board of Directors

10/09/2001
Business Wire
(Copyright (c) 2001, Business Wire)

DALLAS--(BUSINESS WIRE)--Oct. 9, 2001--Trammell Crow Company (NYSE: TCC) today announced the appointment of Rebecca A. McDonald to its Board of Directors.
McDonald's appointment is effective October 1, 2001, and her initial term expires at the Company's annual meeting of stockholders in 2002.
McDonald is currently President of the Houston Museum of Natural Science, one of the nation's premier museums. She formerly served as Chairman and Chief Executive Officer of Enron Global Assets and was responsible for all of Enron's global energy asset portfolio, including numerous power plants, pipelines, gas and electricity distribution centers throughout Asia, Africa, the Caribbean Basin and South America.
Prior to joining Enron, McDonald served as President and Chief Executive Officer of Amoco Energy Development Company, where she was responsible for developing equity interests in international exploration and production operations. She also led the company's participation in and expansion of international commercial transactions, privatizations and capitalizations. Additionally, McDonald was responsible for establishing Amoco's North American trading operations.
Prior to joining Amoco, McDonald served as president of Tenneco Energy Services and held various management positions with Panhandle Trading Company, Panhandle Eastern pipeline, and Trunkline Gas.
J. McDonald Williams, Chairman of the Board for Trammell Crow Company, said "With her background in leading large scale organizations in international business, Rebecca brings a perspective and set of business experiences that will be invaluable as we continue to build our international real estate services capabilities."
McDonald currently serves on the Advisory Committee of the Export-Import Bank of the United States and was a founding member of the Mercosur Council. She also serves as an outside director for Granite Construction Company in California and Eagle Global Logistics in Houston, Texas.
McDonald joins board members J. McDonald Williams, Chairman, Trammell Crow Company; Robert E. Sulentic, President & CEO, Trammell Crow Company; H. Pryor Blackwell, President, Development and Investment Group, Trammell Crow Company; William F. Concannon, President, Global Services Group, Trammell Crow Company; James R. Erwin, retired, former Vice Chairman, Bank of America; Henry J. Faison, Executive Vice President, Trammell Crow Company; Curtis F. Feeny, Managing Director, Voyager Capital; Jeffrey M. Heller, Vice Chairman, EDS; and Rowland T. Moriarty, President & CEO, Cubex Corporation.

Founded in 1948, Trammell Crow Company is one of the largest diversified commercial real estate services companies in the United States. In offices throughout the United States and Canada, Trammell Crow Company is organized to deliver management services, transaction services and development and project management services to both investors in and users of commercial real estate. The company's Global Services Group delivers all management, transaction and project management services domestically and internationally. Development and investment activities are conducted through the Development and Investment Group. The company has international service delivery in Europe and Asia through its strategic alliance with Savills plc, a leading property services company based in the United Kingdom, and the jointly owned outsourcing company Trammell Crow Savills Limited. In addition, the company has offices in Chile, Argentina, Brazil and Mexico. Trammell Crow Company is traded on the New York Stock Exchange under the ticker symbol "TCC" and is located on the World Wide Web at www.trammellcrow.com

CONTACT: Trammell Crow Company Barbara Bower, 214/863-3020
08:43 EDT OCTOBER 9, 2001
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron Corp. Raised to Long-Term `Buy' at Merrill
2001-10-09 06:00 (New York)

     Princeton, New Jersey, Oct. 9 (Bloomberg Data) -- Enron Corp. (ENE US)
was raised to long-term ``buy'' from long-term ``accumulate'' by analyst
Donato J. Eassey at Merrill Lynch.  The near-term rating was maintained
``neutral.''

Northwest to Buy Portland General
CBS MarketWatch.com
10/8/2001 7:44:00 PM
PORTLAND, Ore., Oct 08, 2001 (AP Online via COMTEX) -- Northwest Natural Gas Co. is buying another Oregon utility from Enron Corp. for $1.8 billion, combining the state's largest natural gas and electric utilities in a merger that may save ratepayers money but could also bring some job losses.
Richard G. "Dick" Reiten, chairman and CEO of Northwest Natural, said Monday the gas company is buying Portland General Electric Co. after the Houston-based energy giant gave up on its expansion into the Pacific Northwest.
"We're extremely pleased that the acquisition will return PGE to local ownership," Reiten said at a news conference.
Bob Jenks, executive director of the Citizens Utility Board, said he was concerned the combination could encourage Northwest Natural to bypass state regulators by using its business clout to lobby the Legislature and governor's office when rate increases are needed.
"If that's going to happen, and PGE rate cases are fought out in the Legislature and the governor's office, then I don't think that's going to be in the interest of PGE customers," Jenks said.
Northwest Natural was founded in 1859, the year Oregon became a state, using gas extracted from coal to light downtown street lamps.
PGE was founded in 1889 with a hydroelectric generator at Willamette Falls that anchored the nation's first long-distance electric transmission line when it was connected to the city, 14 miles to the north. The plant still operates, generating 16 megawatts of electricity.
Reiten said the Northwest Natural board of directors has rejected buyout offers itself in recent years in hopes that an opportunity like the PGE deal would come along.
"It was a conscious choice to remain independent and build assets rather than sell out of state," Reiten said. "That patience has paid off."
He said the deal will create a $5 billion utility that can cut costs by combining repair crews, equipment, service centers and billing in their overlapping service area.
Portland General has about 733,000 customers in northwestern Oregon and Northwest Natural has about 530,000 customers in roughly the same area, including some in southwestern Washington state. Their headquarters are just a few blocks apart on the same downtown street.
Federal and state regulatory approval, along with shareholder approval, is expected to take about a year.
Some job cuts were expected, but Reiten said he hoped most would come through attrition and retirement, rather than layoffs.
He said regulators have looked favorably on recent mergers of gas and electric utilities because they generally have saved money for ratepayers. Combined utilities already serve about two thirds of the nation, he added.
Enron purchased PGE in 1997 for about $3.2 billion, including assumption of debt, hoping to tap into energy trading along the entire West Coast, from California to Washington state. But the Texas company found the pace of deregulation in Oregon too slow at a time when the California energy crisis was unfolding.
Enron has a history of buying and selling smaller companies as it searches for the best position in the constantly shifting energy market, said Mike Heim, an A.G. Edwards & Sons analyst who follows the Texas company.
"It's really more a strategic move," Heim said.
Enron will receive $1.55 billion cash and $350 million in securities for PGE.
Enron stock closed at $33.45 on Monday, up $1.72 per share. Northwest Natural was at $22.99, down 42 cents a share.
---


Attached are the revised drafts.

Please note the following:

1.  I revised the FERC language but haven't yet talked to Drew about this
concept.  He is in Houston somewhere and I have a call in to him.

2.  The Equivalent HP concept was removed.  Thus a Force Majeure or Utility
interruption event will interuppt the Compression Services Charge.

3.  Please review the unwind language carefully in the Conversion Agreement.

4.  I added an arbitration provision.  This is standard in ENA or affiliate
contracts.

The O&M form will follow shortly.


Sam:  I want to send this out today.  Please let me review your work.
Thanks.  Sara

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 01/22/2001 08:38 AM -----

	Edward Sacks@ENRON
	01/20/2001 10:46 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: Cargill-Alliant

My intent on the Credit Worksheet was to only require guaranties and to set
default perimeters (3rd party debt and S&P/Moody ratings).  I believe that
this can be taken care of outside of the CSA.  Let me know if this helps.

Ed Sacks

From: Sara Shackleton@ECT on 01/19/2001 11:04 AM
To: Edward Sacks/Corp/Enron@Enron
cc:

Subject: Cargill-Alliant

Ed:  This counterparty does not want a CSA!!!!!!!!!  Can you please call
Andre and discuss?  Sara

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


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We are scheduled to attend Cirque Du Soleil's Dralion next Thursday, the 24th, at 5:00.  I'll pick up the tickets and meet everyone at the Will Call office.  There is no late seating.  The show lasts approximately 2 1/2 hours and then we will head over to Farrago's.  Farrago is at 318 Gray,  at the corner of Bagby.  We have 25 tickets and below is a list of attendees.

Internal		External
Steve			Phil, Dynegy
Kim			Julie, Burlington
Michelle		Carla, Conoco
Lorraine		Dave, NGPL
TK			Russell, Amoco
Mark			Bruce, NGPL
Paul			Craig, Reliant
Julie			Elsa, USGT
Danny			Cheri, Astra
			Scott, Richardson
			Penny, Amoco
			Pete, Burlington


I just spoke with Kim and she updated me that her credit manager is very
satisfied with the creditworthiness of United Technologies (he thoroughly
reviewed the website and all available information).  He reports UT has an
A+ rating.  However, he can find no link to CalPeak Power, and could we
please provide that.  Kim would also like some additional specifics on the
mechanisms that are envisioned for credit support from UT to CalPeak.

Ann T. Donnelly, Ph.D.
Principal Consultant
Power Resource Managers, LLP
1610 C Street, Suite 102
Vancouver, WA 98663
Phone: 360/693-8484
Fax: 360/693-3487
e-mail: adonnelly@prmllp.com
Website: http:\\www.prmllp.com

-----Original Message-----
From: Charles Hinckley [mailto:cch@cchinckley.com]
Sent: Monday, April 02, 2001 12:08 PM
To: Kim.Ward@enron.com; adonnell@prmllp.com
Cc: Lyons, Mark
Subject: Re: CalPeak Power RFP - Shortlist

CalPeak Power, LLC is a project company and is now a wholly owned subisdiary
of Untited Technologies Corporation (NYSE: UTC).  UTC information is
available at www.utc.com, and from the commercial rating services.

It is not invisioned that CalPeak will benifit from an absolute gurantee
from UTC; however, some credit suport mechanism will be built into the
project and into the fuel supply agreements.

Chuck

----- Original Message -----
From: <Kim.Ward@enron.com>
To: <adonnell@prmllp.com>
Cc: <cch@cchinckley.com>
Sent: Monday, April 02, 2001 2:39 PM
Subject: Re: CalPeak Power RFP - Shortlist

>
> Ann,
>
> I just spoke with Jay Williams from our credit department and he only
needs
> CalPeak's latest audited financial statements with management notes.  Any
> additional information that helps us understand the company and how it is
> set up will be helpful.  Sending this information overnight will probobly
> be our best bet.  My address is as follows:
>
> 1400 Smith Street, EB3206a
> Houston, TX  77002
>
> Also, Jay's phone number is 713-345-3923.  Let me know if you have any
> questions.
>
> Thanks,
>
> Kim
>
>
>
>
>


Hi, Sally,

I am an associate working for EBS. I am sorry we didn't have a chance to meet
for the mid-year PRC. Could you schedule sometime next week so that we can
meet face to face? I'd like to talk about the mid-year also. Thank you.

Jun Wang
Enron Broadband Services
Office# 713.853.0425
Fax#     713.646.3271
jun.wang@enron.net


?
?
?

????????[IMAGE]

 - windowsTEMPnsmailAE.jpeg


I am missing the following deals for Jeff Richter brokered by APB:

Enron buys from Idaho Power 25 mw of NP-15 for 12/28-12/30 for $245
Enron buys from BPA 25 mw of Mid-C for 12/28-12/30 for $275


No, but thanks.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


I thought this was what we were already doing.  Sara, Mark, wasn't that your
understanding?

	Brent Hendry@ENRON
	08/07/2000 10:45 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 Subject: Re: weather confirm

When the Master does not have the weather modification to the Trade Option
Exemption representation then I think we should include it in the confirm. Is
this feasible?

	Tana Jones@ECT
	08/07/2000 10:25 AM

		 To: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Brent
Hendry/NA/Enron@Enron
		 cc:
		 Subject: Re: weather confirm

Tanya forwarded the attached confirm on to me.  Are we supposed to have that
weather rep also in confirmations when we trade under a master?
----- Forwarded by Tana Jones/HOU/ECT on 08/07/2000 10:24 AM -----

	Tanya Rohauer
	08/07/2000 10:21 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: weather confirm

---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 08/07/2000 10:17
AM ---------------------------

	From:  Diane Anderson @ ENRON                           08/07/2000 10:09 AM

To: Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: Re: weather confirm


Attached is an updated version of the daily file that I sent earlier this
morning.  The only change is to the volumes for NIPSCO.  All other volumes
should be the same as those in the earlier version.  sorry for any confusion.

The attached file contains our daily volume requirements for 4/10/00 and  the
following day(s) as listed .    There are three  worksheets labelled as
follows:

'Total Reqs':  Contains the volumes that CES is requesting from Enron at each
of the delivery points and dates indicated in the columns labelled "NOM".
The
Enron schedulers will want to check this sheet to see how much gas is needed
at
a specific point.   The AGL volumes are not timely and should be ignored until
further notice.    CES schedulers note:  the attached file is archived on
P:\Energy Ops\Enron\April_00\Daily\ *.xls, so you don't have to save a
duplicate copy elsewhere on the network.
'Daily Change' :  shows the change (increase +/decrease -) in the daily volume
needed from Enron at the designated citygate delivery point relative to the
supply volumes arranged previously with Enron prior to the current date.  For
the current gas day, the change is an intra-day change and is calculated using
the previous day's volume request for the current day (e.g., If the current
gas
day is 3/28, then the change is computed with respect to the 3/27 request for
3/28.  Note that this procedure assumes that the prior day supply change was
in
fact effectuated).  For tomorrow's gas day and any subsequent ones shown, the
change is computed as the latest Dth Nomination requirement less the
First-of-the-month supply volume plus or minus any adjustments made since the
first-of-the-month to the FOM supply for the (future) days shown.  (e.g., If
today is 3/28, then the change for 3/29, 3/30, etc. is computed with respect
to
the first-of-the-month volumes for those days adjusted for any additional
purchases or sell-backs since the first-of-the-month thru 3/27.)   This sheet
should be useful in determining prices for daily changes in gas volumes that
we
take or turn back.   The column labelled "ENA Daily Swing +/- vs FOM volume'
shows the absolute magnitude of the daily swings allowed by ENA at
pre-specified prices.  Prices for Swing volumes exceeding these magnitudes or
for swings at delivery points without pre-specified pricing must be
negotiated.
'TCO Storage':  Shows the daily swings taken by CES on its (paper) storage
injection for the month.    Daily swings on TCO storage may be used to meet
some or all of the daily swings at delivery points off TCO as shown in the
"Daily Change' worksheet.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 04-10-00 daily volsAM.xls


Mary- Ken has been asked by Mayor Brown to chair the fundraising effort to
get voter approval on a light rail referendum in Houston.  My guess is that
he will decline given the other demands on his schedule, but I don't know
that for sure.  I think our respnse

Mary Clark@ENRON
04/13/99 02:21 PM
To: Steven J Kean/HOU/EES@EES, Joe Allen/Corp/Enron@Enron
cc: Mark Palmer/Corp/Enron@Enron
Subject: Trains - Light rail

Steve/Joe:

Mark suggested that I contact you to provide a response to this employee's
question (see below) to Ken and Jeff about trains and light rail.  Please
draft a response and send it to me.   I will format it and send it to Ken and
Jeff for their review.  Thanks.

Mary Clark
---------------------- Forwarded by Mary Clark/Corp/Enron on 04/13/99 02:13
PM ---------------------------

Office Chairman
04/12/99 02:55 PM

To: Mary Clark/Corp/Enron@Enron, Sherri Reinartz/Corp/Enron@Enron
cc:
Subject: Trains - Light rail

A question to the Office of the Chairman.

Rosie
---------------------- Forwarded by Office Chairman/Corp/Enron on 04/12/99
02:53 PM ---------------------------

Office of the Chairman@ENRON_DEVELOPMENT
04/12/99 07:25 AM
To: Office Chairman@ENRON_DEVELOPMENT
cc:
Subject:

Office of the Chairman:

While traveling within Germany recently, I noticed that electric powered
trains are popular and also provide a safe, reliable, affordable and
comfortable means of transportation to the public.

This brought to mind a question to ask you:

Is Enron taking any action to promote development and implementation of
electric trains or light rail in the USA and/or abroad, either through the
Political Action Committee, Lobbying or through the efforts of the Business
Development Offices?

I do believe that the commuters would benefit from having access to electric
trains that provide safe, clean and comfortable transport. Enron could
potentially benefit by supplying the power for these trains within the USA
(and abroad as well).

Just think if the city of Houston offered light rail as an option for
commuting to and from work, as well as commuting to other locations - both
interstate and intrastate. A person could take a train to Galveston, Austin,
or elsewhere and arrive in short time with the high speed rail available.
With the new Ballpark downtown and the revitalization of the downtown area,
it would seem that a legitimate method of public transportation is the
element that is missing from the Houston city model. Buses that run on diesel
are clearly not the solution for mass transit.

Regards,
Dave Hubbard
Cuiaba, Brasil
011-55-65-612-2102


It's six months into the new Millennium.  Where do you get your company
news?  Enron, cited as the Most Innovative Company in America for five years
in a row, prints a newsletter every two months.  We could reorganize entire
business units between issues.  Twice.

Don't worry.  Our printed newsletter isn't going anywhere; it's still the
best way to bring you detailed accounts of Enron's long-term business
direction and achievements.

Let's just say that print has a new friend.  And -- you guessed it -- that
friend is the dot.  As in "dot.com"; as in you now have an online connection
for fast-breaking news about and around Enron.  It's called eBiz, and it will
change the way you get news.  It might even change the way you think about
news.

eBiz will come racing across the Enron intranet on home.enron.com every two
weeks, and we will post breaking news and announcements as they happen.  The
news in eBiz will be so fresh and timely and fun to read, you may have to
skip your morning coffee so you don't miss anything.

Get ready, get set, get connected with eBiz.


These are all the ones I am aware of.

	showard@agsk.com
	05/31/2001 07:19 PM

		 To: Richard.B.Sanders@enron.com
		 cc:
		 Subject: ECT Securities Depositions--agreements witn Kathy

Richard,

Please review the attached fax from Ben Ogletree, one of Natwest's lawyers,
especially the four attached agreements (which Natwest already has.)  Can I
represent to Natwest that these four agreements, along with the Oaktree
settlement agreement, constitute all settlement or cooperation agreements that
we have with any parties to any of NSM litigation?  If I can say that, the
issue of ECT Securities' deposition goes away.

Steve

     ................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

2049 Century Park East
Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077

This transmission is intended only for the use
of the addressee and may contain information
that is privileged, confidential and exempt from
disclosure under applicable law. If you are not
the intended recipient, or the employee or agent
responsible for delivering the message to the
intended recipient, you are hereby notified that
any dissemination, distribution or copying of
this communication is strictly prohibited.

If you have received this communication
in error, please notify us immediately
via e-mail at postmaster@agsk.com or
by telephone at 310-277-1226. Thank you.

...............................................
 - Enclosed.txt
 - ~gw110B.tif


so do you have an msn or aol  ID?

Diane O'Neil
UBS Warburg Energy, LLC
Power Pre-Scheduling
503-464-3831 desk
503-702-7273 cell


This is to confirm tomorrow's Budget Meeting in EB 32C2 @ 11:00 a.m.  London will participate via video conference.  Please notify me if you are unable to attend.

Many Thanks,

Liz Taylor
Exec. Assistant to Greg Whalley
Office of the Chairman
Enron Corporation
Tel.   713.853.1935
Fax   713.853.1838


We have delivered a copy of 2 LNG contracts to Scott Earnest's office
tonight. One is between Abu Dhabi Gas Liquefaction Company Limited & Dabhol
Power Company and the other is between Dabhol Power Company and Oman LNG
L.L.C.   I understand the EGEP Legal group (Steve Watson) is currently
working on a third contract but it is not executed at this time. He has
advised that he will forward a copy when it is completed.
---------------------- Forwarded by Connie Sutton/HOU/ECT on 06/14/2000 08:21
PM ---------------------------

Connie Sutton
06/13/2000 05:39 PM
To: Sally Beck/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Mary
Solmonson/HOU/ECT@ECT
cc:
Subject: Looking for some LNG Contracts

I will let you know when I hear something regarding these type of contracts.
---------------------- Forwarded by Connie Sutton/HOU/ECT on 06/13/2000 05:38
PM ---------------------------

Bridgette Anderson @ ENRON

06/13/2000 03:20 PM
To: Connie Sutton/HOU/ECT@ECT
cc:
Subject: Looking for some LNG Contracts

---------------------- Forwarded by Bridgette Anderson/Corp/Enron on
06/13/2000 04:15 PM ---------------------------

	Rob Walls @ ENRON_DEVELOPMENT

	06/13/2000 02:22:03 PM

To: Sandeep Katwala, Bridgette Anderson@ENRON, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Looking for some LNG Contracts

Bridgette -

By copy of this message, I have asked Sandeep Katwala (acting general counsel
for Enron India) to help locate these contracts for you.  Let me know if you
need anything else.  Thanks.
---------------------- Forwarded by Rob Walls/ENRON_DEVELOPMENT on 06/13/2000
02:22 PM ---------------------------

Bridgette Anderson @ ENRON

06/13/2000 02:19 PM
To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob
Walls/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Looking for some LNG Contracts

Gentlemen,

I was told that both of you worked on the Dabhol project, so I am hoping that
you can assist me.  As the message below states, I am trying to find
contracts that are related to this project.  Please see below for details.
If it was a mistake to send this message to you, please forward to the
correct individual.

Thank you,
Bridgette
---------------------- Forwarded by Bridgette Anderson/Corp/Enron on
06/13/2000 02:57 PM ---------------------------

Connie Sutton@ECT
06/12/2000 04:18 PM
To: Bridgette Anderson/Corp/Enron@ENRON
cc:

Subject: Looking for some LNG Contracts

Can you try to locate a copy of this contract for me.
---------------------- Forwarded by Connie Sutton/HOU/ECT on 06/12/2000 04:17
PM ---------------------------

Mary Solmonson
06/08/2000 05:05 PM
To: Connie Sutton/HOU/ECT@ECT
cc:
Subject: Looking for some LNG Contracts

Sally and Scott Earnest called this afternoon.  We will be setting up a new
risk book to manage LNG positions on a worldwide basis.  Supposedly, there
are several contracts from the old E.I. entity related to India for LNG.
They may reference Dabhol Power project, fuel management, fuel oil, heating
oil....

Scott desperately needs to get copies of these contracts.  Can you ask around
with some of the contacts you made on your India trip to see if you can find
these and get copies ?


Elizabeth and Steve;

This memo was originally intended for Scott Galwicki who is working on a
piece for Enron about Pennsylvania.  For this reason, it may not completely
adhere to your needs or desires.  If you would like me to detail more
information, just let me know.

Thanks.

Tom


Please note the following addition to the credit reserve for September 2001:

CP:  Talisman Energy Inc.
Deal No: 796307.1
Deal Date:  9/28/2001
Deal Specifics:  ECC sells financial swap to CP
Term:  1/1/2002 thru 12/31/2010
Volume:  2MW/h, 7x24
Price:  Fixed $38.95
Region:  Alberta Power Pool
Trader/Mid-Marketer:  John Zufferli/Derek Davies
Credit Reserve Amount:  $65,000 CAD

RAC: transaction confirmed under 1/1/99 ISDA Master Agreement between ECC and Talisman Energy Inc.

Please call w/any questions.

Thanks,
Ed Sacks


I don't have any contacts at Duke.  Kelly Little will be working there, but other than that I don't know anyone.  Have you called Scott Neal back yet?  We were just talking about that exact thing, we knew all the weather guys left and were wondering what they would do.  That would be a great opportunity for you.

KK

-----Original Message-----
From: jroyed [mailto:jroyed@mail.ev1.net]
Sent: Friday, January 25, 2002 9:54 AM
To: Keiser, Kam
Subject: RE: Your Address

Hi Kam,

I have already applied there online last week but I am afraid that it may have gone into that great HR black hole. Thank you for the heads up, though.  Do you have any contacts there?  Scott Neal has been trying to get a hold of me.  UBS is looking for some weather guys because a bunch of weather people left there.  Now wouldn't that be funny if I ended up back there in a different capacity?

---------- Original Message ----------------------------------
From: "Keiser, Kam" <Kam.Keiser@ENRON.com>
Date: Fri, 25 Jan 2002 09:20:39 -0600

>You should try looking at Duke,  they seem to be doing some mass hiring of Enron people and giving them big pay raises.
>
>KK
>
>
>-----Original Message-----
>From: Jeff Royed [mailto:jroyed@ev1.net]
>Sent: Saturday, December 15, 2001 2:39 PM
>To: Keiser, Kam
>Subject: Your Address
>
>
>Hi Kam,
>
>Could you send us your updated address?  Yahoo says you still live on 4444 Westheimer, which I know is wrong.  We would like to send you a wedding invite.  Have a happy holiday.
>
>Take care,
>
>JR
>
>
>
>**********************************************************************
>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.
>**********************************************************************
>
>
>


missing deals for jeff

buy ees
162.50
25 mw
sp15
march
off peak

sell merril lynch
262.50
25 mw
sp15
march
off peak

buy ees
119.95
25 mw
sp15
april
off peak

sell idaho
120.00
25 mw
sp15
april
off peak

thanks


Notes for this Week's Report:

* UK Gas's Average EOL and Non-EOL deals per day have decreased since their peak of 140 EOL and 96 Non-EOL transactions in March. They ended April with an average of 118 EOL deals per day and finished with 75 transactions in May. Non-EOL recorded 82 deals per day in May.

* UK Power's average deals per day finished April with 13 EOL deals and reported 13 daily transactions in May as well, down from March's 59 EOL deals.  Non-EOL's average transactions have increased dramatically, however, ending April with 180 deals per day and closing May with 255 deals.  While transactions are down, EOL and Non-EOL volume is up during this same period.

* US West Power's average transactions per day continued to increase to 182 EOL deals in May, up from 80 deals per day in January, a 128% increase. Non-EOL daily transactions has increase from 206 to 223 deals during the same period.

* Southwest Power's EOL transactions per day has continued to increase in 2001. On average, they ended January with 26 EOL trades and finished May with 65 daily transactions, a 150% increase. Non-EOL transactions have increased during this same period as well, up from 68 in January to 74 in May.

* WTI Physical's total monthly transactions closed at 117 EOL deals in May.  This monthly total in May is up from April's total of 60 EOL deals, a 95% increase.

* IPE Financial Gasoil's total monthly transactions via EOL shows 195 deals, up dramatically from it's 81 deals in March and 74 in April. During this same period, Non-EOL trading is also up from 234 total deals in March to 578 in May.

* US Weather's total monthly transactions has increased in May with 64 deals via EOL, up from 23  in April and 15 in March. Non-EOL deal totals are up slightly to 41 deals in May from 23 in April, but still report below average for 2001.

---------------
The following files contain a graphical view of the average deal count and volumes per month by Commodity for EOL and OTC transactions since the launch of EnronOnline. This information is for comparative analysis only.  Do not update links when opening these files.

AVERAGE DEAL COUNTS FOR COMMODITIES (excluding Global Products, which displays monthly totals)

NA GAS BREAKOUT BY REGION (Non-Averaged, including Volume and Notional Value)

If you have any questions regarding this breakout, please contact one of the following:

Torrey Moorer x3-6218
Adam Johnson x5-4877


Start Date: 2/4/02; HourAhead hour: 24;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020424.txt


Start Date: 4/10/01; HourAhead hour: 21;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041021.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041021.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041021.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041021.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041021.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041021.txt is empty.
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041021.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 21 / Preferred:  24.00 / Final:  23.99)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/10/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_DESERT
  ENGY_TYPE: FIRM


Eric,

What we have done was use meteorological data from the internet but have found that to be incorrect for remote locations.  The internet in some places reads low compared to the actuals at the stations.  I try to go by what the locals have versus the internet.  I think the internet data is more of an average versus the spots throughout the day even though they call them daily highs.  Go example is Station #1 were the internet data is about 5 - 8 degrees low compared to actuals at the station.  Same is with San Juan were I have seen temperatures in the summer hit high temps as early as 9:00 a.m.  Other factors to consider is not only the ambient temps but what the compressor unit can stand (ie; shutdowns or limit switches).  If the nightly exhaust temperature does not cool down enough at Bloomfield, the unit can be limited in power as early as 8:00 a.m. when it reaches 1400 F.  It appears that thre is plenty of power left to run but the unit can't get there.  I have seen power levels peak at 4000 Hp when the unit is site rated at 4500 Hp.

As time goes on, I'll either help you understand more or confuse you.  Let me know which direction I'm headed from time to time.  You can't hurt my feelings.  I'm copying Kevin to keep him up to speed.  Planning is not an exact science but we use experience and whatever REAL data is available.

Ron M.

 -----Original Message-----
From: 	Gadd, Eric
Sent:	Thursday, February 28, 2002 10:06 AM
To:	Matthews, Ron
Subject:	RE: Sun Devil - ambient temperature affect on pipeline capacity

Ron,

Yes, thanks very much.  I'm trying to move up the pipeline engineering + design learning curve.

I get the impression that having different design basis conditions for each compressor station introduces a lot of complexity for calculating interruptible capacity arising from lower ambient temperatures.  It might be 75 degrees at one station and 95 degrees at another, which would act as a bottleneck.  Do we meteorological data for each station?

 -----Original Message-----
From: 	Matthews, Ron
Sent:	Thursday, February 28, 2002 9:54 AM
To:	Gadd, Eric; Eisenstein, Arnold L.
Subject:	RE: Sun Devil - ambient temperature affect on pipeline capacity

Each station has a different temperature based on location and elevation.  Station #2 is far less than Station #1 based on elevation.  Station #1 is 95 F and Station #2 is 90 F.  Station #2 is over 7000 feet while Station #1 is around 5000 feet.  The drop is quick because Needles is around 500 feet.  There is a 2000 feet swing between stations starting from Station #4 west.

Does this help?

Ron M.

 -----Original Message-----
From: 	Gadd, Eric
Sent:	Thursday, February 28, 2002 9:32 AM
To:	Eisenstein, Arnold L.
Cc:	Matthews, Ron
Subject:	RE: Sun Devil - ambient temperature affect on pipeline capacity

Was I correct on the 95 degree F set point?

 -----Original Message-----
From: 	Eisenstein, Arnold L.
Sent:	Thursday, February 28, 2002 9:22 AM
To:	Gadd, Eric
Cc:	Matthews, Ron
Subject:	RE: Sun Devil - ambient temperature affect on pipeline capacity

in general you have an additional 3% HP available for every 10 deg F below 95 deg at each station.  During the summer Stations 1, 3, and 4 are already at MAOP and would not matter.  At station 2 the 10 deg would gain 5 mmscfd to Phoenix and mayby 3 mmscfd to Ca.   We will have run additional models to verify offcases.

Arnold Eisenstein
tel:       713-345-3666 (new)
fax:      713-646-7522
e-mail: arnold.l.eisenstein@enron.com

 -----Original Message-----
From: 	Gadd, Eric
Sent:	Wednesday, February 27, 2002 9:34 AM
To:	Eisenstein, Arnold L.
Subject:	Sun Devil - ambient temperature affect on pipeline capacity

Arnold,

I understand that pipeline design is based on hot (95 degrees F) ambient temperature conditions.  Is this true?  If so, assuming a normal weather pattern, how much additional capacity is "created" when temperature conditions are off design basis?  I'd like to quantify the potential upside assuming that this incremental capacity would be available for interruptible transportation sales.


Please see attached memo from Beth Tilney and Cindy Olson.


Rick,

Thanks for your message. I shall talk to Greg Whalley  about his
participation.

Vince


Vince,

Thursday, July 27, seems to work for everyone for our Summer Intern
Dinner.    I have also told this date to

Datren
Ainsley
Cantekin
Brad
Giuseppe and
Seville

and asked Mike Roberts to tell his two summer interns.

Please let me know if we are overlooking anyone.

Stinson


---------------------- Forwarded by Eric Bass/HOU/ECT on 11/17/2000 09:59 AM
---------------------------

Brian Hoskins@ENRON COMMUNICATIONS
11/17/2000 09:35 AM
To: Eric Bass/HOU/ECT@ECT, Hector Campos/HOU/ECT@ECT, Lenine
Jeganathan/HOU/ECT@ECT, John House/HOU/ECT@ECT
cc:
Subject: New Gore Campaign Sign

Brian T. Hoskins
Enron Broadband Services
713-853-0380 (office)
713-412-3667 (mobile)
713-646-5745 (fax)
Brian_Hoskins@enron.net

----- Forwarded by Brian Hoskins/Enron Communications on 11/17/00 09:43 AM
-----

	Milson Mundim
	11/17/00 09:05 AM

		 To: Brian Hoskins/Enron Communications@Enron Communications
		 cc:
		 Subject: New Gore Campaign Sign

----- Forwarded by Milson Mundim/Enron Communications on 11/17/00 09:11 AM
-----

	Brian Blakely
	11/16/00 04:45 PM

		 To:
		 cc: (bcc: Milson Mundim/Enron Communications)
		 Subject: New Gore Campaign Sign

Brian C. Blakely
Enron Broadband Services
Transaction Development & Structuring
e-mail:  brian_blakely@enron.net
Phone:  713-853-1433
Mobile:  713-516-0622
Pager:  877-638-1546


Thanks

 -----Original Message-----
From: 	Parks, Joe
Sent:	Tuesday, March 19, 2002 3:51 PM
To:	Ellis, Laurie
Subject:	RE: Deal 1195913

I have removed the pricing from that ticket.

 -----Original Message-----
From: 	Ellis, Laurie
Sent:	Tuesday, March 19, 2002 3:18 PM
To:	Parks, Joe
Subject:	Deal 1195913

Joe, please let me know when you change the price on this deal for Feb-02 so that we can correct our outstanding receivable balance.

Thanks,
Laurie Ellis
Specialist - Gas Settlements
Enron Net Works LLC
Phone: (713) 345-9945
Fax:  (713) 646-8420
email:  laurie.ellis@enron.com


Hi, Liz -Hope you are well . I just finished my MBA at Chicago and am
leaving MDCK shortly to look for something else to do either in Austin ,
Houston , back up on the East Coast or maybe in Europe, probably on the
business side or some law  -business combination.Should you hear of anything
or have any good ideas , I would appreciate hearing about them . Thanks. RP


The following information needs to be added to the memo:

1.  All contributions are voluntary.  Any amount given, or refusal to give,
will in no way benefit or disadvantage your position at Enron.  You may
refuse to contribute without fear of reprisal.

2.  Amounts contributed may be used to make political contributions in
connection with federal elections and are subject to the limits of the
Federal Election Campaign Act.

3.  No portion of any contribution is deductible as a charitable
contributions for federal income tax purposes.

4.  [If guidelines are suggested]  These guidelines are merely suggestions.
You are free to contribute more or less than the suggested amount.

5.  Maximum contributions to the Enron PAC are $5,000 per year per individual.

6.  Non-U.S. citizens cannot contribute to the Enron PAC.

7.  The law requires that Enron report name, address, employer, and
occupation for every contribution over $200/year.

I would suggest that the info I've provided above be put at the end of the
memo.  I think you will see that this info is consistent with the
solicitation materials we sent out last year.

Maureen McVicker@EES
03/17/2000 04:55 PM
To: Joe Hillings/Corp/Enron@Enron, Elizabeth Labanowski/EPSC/HOU/ECT@ECT,
Elizabeth Linnell/HOU/EES@EES, Richard Shapiro/HOU/EES@EES
cc:
Subject: PAC-from Steve Kean

Steve Kean would like your comments/suggestions on the following memo
regarding the PAC.

Thanks.

______________________________________________________________________________
__________________________________________________________

TO:  Eligible Employees     DRAFT

FROM: Office of the Chairman

Last year the Enron PAC launched a campaign to become a million dollar PAC.
Enron employees responded and the PAC reached its objective, putting it on
par with the largest corporate PACs (but still just a fraction of what is
spent by those who oppose open markets, deregulation and customer choice).
With the sale of EOG, the announced sale of PGE, one time contributions which
were not renewed, and normal employee turnover, the PAC,s receipts have
declined by nearly 20% from the level reached after the last solicitation.
The PAC needs your help.  Please join.  If you are already a member, please
consider increasing your commitment.

Every year Enron deals with dozens of issues pending before hundreds of state
and federal lawmakers.  The Enron PAC is a key tool for supporting those
lawmakers who represent views which benefit Enron, its employees and its
shareholders.  In the past year, Enron has been on the winning side in
several key legislative battles affecting our domestic and international
businesses:

[Elizabeth is compiling a list - suggestions appreciated]

We face old and new opportunities and challenges this year:

? Efforts to regulate derivative instruments
? Federal electric industry restructuring legislation
? Efforts to regulate or tax the internet

One of the best things about Enron is that we don,t just take things as they
are.  We challenge the status quo.  We change things.  The PAC helps us do
that.  We need you to help the PAC.  Sign up today ) and please consider
membership at or above the following recommended levels.

(PAC link)


Gerald, I think we need to again followup the January nominations with the
appropriate letter to Wildhorse about the nominations to NWPL.  If you
agree, can you please forward a draft to me.
Thx

Ken Krisa

-----Original Message-----
From: Joan.Quick@enron.com [mailto:Joan.Quick@enron.com]
Sent: Wednesday, December 27, 2000 4:28 PM
To: Stacey.J.Brewer@enron.com; kckrisa@apex2000.net;
JJosborne@apex2000.net; Nicole.Cortez@enron.com; Paul.T.Lucci@enron.com;
Theresa.Staab@enron.com
Subject: Cescendo January Noms

After talking with Liz Orr, I think it's best to make the Jan nom at 2,500
MMBtu/d.  Any additional production would be applied to the Wildhorse
imbalance.

joan

---------------------- Forwarded by Joan Quick/HOU/ECT on 12/27/2000 04:13
PM ---------------------------

From: Joan Quick on 12/27/2000 11:10 AM

To:   kckrisa@apex2000.net, JJosborne@apex2000.net
cc:
Subject:  January noms

per dan, i am using 2,600 mcf/d and 2800 mmbtu/d.  let me know if i should
adjust this.

joan

---------------------- Forwarded by Joan Quick/HOU/ECT on 12/27/2000 04:13
PM ---------------------------

From: Joan Quick on 12/26/2000 05:14 PM

To:   Stacey J Brewer/HOU/ECT@ECT
cc:
Subject:  crescendo january noms

use 2,600 mcf/d.  remember, the Wildhorse nom is in mcf's!!!!!  [around
2,800 mmbtu/d]

(See attached file: 1 01 noms.xls)


Dave:
Here is a recent draft of our presentation on the ENA/FPLE JV, which we are
presenting to the banks in tomorrow's meeting here in Houston.  This recent
draft has been looked through by Jeff Donahue just this morning.  Don Miller
is expecting your call with comments.  Thanks for your time.

Regards,
Ben
3-7998


Susan Rance
Enron North America
susan.rance@enron.com
(713)345-3774