Hey, the last I heard -- Tuesday -- there wasn't going to be any legislation
--  and that's why the Gov and Lynch were taking their strong and ugly
stances? Whast happened?

Did we try to get some language in there?  Seems as if we were out-played

Jeff Dasovich on 08/11/2000 09:58:07 AM
To: Richard Shapiro/HOU/EES@EES, Steve Kean, Sandra McCubbin/SFO/EES@EES,
Mona L Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES, Karen
Denne/Corp/Enron@Enron, Peggy Mahoney/HOU/EES@EES, mpalmer@enron.com, James D
Steffes/HOU/EES@EES, Paul Kaufman@EES, Mary Hain@ENRON_DEVELOPMENT, Joe
Hartsoe/Corp/Enron@Enron, Cynthia Sandherr/Corp/Enron@Enron, Sarah
Novosel/Corp/Enron@Enron, Bruno Gaillard/SFO/EES@EES
cc:
Subject: Energy rate relief bill gets OK
State Senate passes rollback; legislation to go to Assembly

Energy rate relief bill gets OK
State Senate passes rollback; legislation to go to Assembly
By Ed Mendel
STAFF WRITER
August 11, 2000

SACRAMENTO -- The state Senate approved legislation yesterday that would cut
San Diego's soaring electric bills by half and could credit consumers for
excess rates paid since June 1.
The measure, if passed by the Assembly and signed by the governor, would
reduce bills to the level San Diego Gas & Electric Co. customers were paying
in July 1999. While customer payments would be cut in half, however, SDG&E
ratepayers could be liable in several years for the balance.
The credit to consumers would hinge on a finding of improper overcharges by
power companies.
The rollback-and-reimbursement measure -- carried by two San Diego Democrats,
Sen. Dede Alpert and Assemblywoman Susan Davis -- sailed out of the Senate
with support from 24 Democrats and four Republicans.
All three of the Republicans who represent parts of San Diego County voted
for the bill. The 27th vote needed for two-thirds approval of the urgency
measure came from Sen. Bill Morrow, R-Oceanside.
"We have a dysfunctional market that is not working and has been just so
incredibly painful for the people I represent," Alpert told the Senate. "We
need your help. We need it now."
San Diego is the first area of the state fully affected by deregulation
legislation enacted four years ago. But other areas will be deregulated
within two years, and legislators do not want soaring rates in their
districts.
A vote on the Alpert-Davis bill in the Assembly was delayed for at least a
week because of potential opposition from Republicans. Gov. Gray Davis, who
is proposing a similar reduction that would not be retroactive to June 1, has
taken no position on the bill.
"It's important to keep this bill moving along," said Morrow, who said he
struggled with the vote because the bill does nothing to speed up the
construction of new power plants.
The bill, AB 2290, would cut rates to the July 1, 1999, level and make the
reduction retroactive to June 1 of this year. State and federal regulatory
agencies would be asked to determine if San Diego ratepayers have been
improperly overcharged.
In the years ahead, San Diego ratepayers could be reimbursed for high rates
paid this summer through a credit that would lower their monthly bills -- but
only if the investigation finds an improper overcharge and that repayment can
be collected from those responsible.
Alpert said the cost of the credit could be born by energy generators for
overcharging, SDG&E for failing to make cheaper energy purchases, and the
state and federal government for not protecting ratepayers.
"I don't think anybody believes anybody is going to be 100 percent
responsible for this," Alpert said.
The governor Wednesday asked the Public Utilities Commission to meet Aug. 21
and reduce rates for SDG&E customers by half, dropping a typical residential
bill from the current level of $120 a month to $65.
The governor's plan is similar to the Alpert-Davis bill, but it's not
retroactive to June 1 and would take effect this month. Critics of the
governor's plan doubt that an investigation will result in the recovery of an
overcharge from generators, marketers or SDG&E.
Nettie Hoge, executive director of The Utility Reform Network, said that what
Davis has proposed is likely to be not a true rate reduction, but simply a
plan to spread the payment of high rates over several years.
"San Diegans can't afford a pay now and pay later scheme," Hoge said. "They
are in the midst of an economic and public health crisis."
The Alpert-Davis bill needs at least six Republican votes for approval in the
Assembly. Alpert said two Assembly Republicans representing parts of San
Diego, Charlene Zettel of Poway and Pat Bates of Laguna Niguel, support the
bill and are listed as co-authors.
She hopes to get support from three other San Diego County Republicans: Steve
Baldwin of El Cajon, Howard Kaloogian of Encinitas and Bruce Thompson of
Fallbrook.
Assembly GOP Leader Scott Baugh of Huntington Beach said the bill should be
heard in committees, rather than simply put up for a vote on the house floors
without public hearings.
"To just ram through a rate rollback, a rate freeze and a rate reimbursement
does nothing to address the underlying problems that created the energy
shortage," he said.
Baugh said he would like a discussion of the contention by some that rebate
checks that began going out to SDG&E customers this week will solve much of
the problem this year.
He said standby generators could be built within six months to provide power
in periods of peak demand to protect San Diegans from high rates next summer.
The rebate checks are a $390 million refund for overcharges related to
deregulation and amount to $260 for the average household. An additional $100
million refund will take the form of a credit on bills for August and
September, totaling $34 for the typical residence.
At a legislative committee hearing on deregulation, Sen. Steve Peace, D-El
Cajon, clashed with Loretta Lynch, president of the Public Utilities
Commission. He said the refund checks only go to residences and small
businesses, not medium-sized businesses hurt by high rates.

Copyright 2000 Union-Tribune Publishing Co.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/28/2000
02:39 PM ---------------------------

messageCenter@ms150.org on 04/28/2000 12:09:22 PM
To: <webmaster@ms150.org>
cc:
Subject: MS150 eNewsletter

Post-Tour eNewsletter

You did it! Another MS 150 has come and gone and we,ve already begun
preparing for next year. We were blessed with beautiful weather again this
year, although it was a little too warm on Sunday. On behalf of the Lone
Star Chapter of the National Multiple Sclerosis Society, thank you for
supporting the 2000 ISUZU MS 150 presented by The Home Depot!

Also, thank you for all of your calls, letters, and emails about the bike
tour. We,re still receiving a lot of positive feedback from riders saying
that this was the best MS 150 ever. We know you,re anxious to hear some
results, so here,s the latest:

 7,500 people registered (2,440 registered online at
www.ms150.org)
 Approximately 6,500 people actually rode (based on packets picked
up)
 Total online donations at www.ms150.org as of April 28 = $186,389
 Number of hits per day at www.ms150.org = 65,000 +
 We,re still collecting and processing pledges daily, so we don,t
know how much money we,ve raised yet. However, it looks like we,re well on
our way to raising $3 million, if not more! If so, this will be the first
time any MS bike tour has ever raised $3 million! Please help us by
getting all pledges turned in by May 19.
 We,re thankful and proud to announce that there were no serious
injuries on the Tour this year. Yes, we did transport one rider via
life-flight to Memorial Herman Hospital for precautionary measures, but he
was treated and released on Saturday evening and he was back in La Grange
by 9:00 p.m.! His brother rode the MS 150 as well, so he wanted to be
there for the finish. He suffered a broken rib and is reportedly doing
fine. All other riders were treated and released by Monday morning. Most
of the medical emergencies were heat related. As you know, it was very hot
on Sunday and people simply weren't staying hydrated.

There are so many people who make this ride happen ) most of which are
volunteers. We couldn,t do the ride without our wonderful volunteers so we
can,t say thank you enough. Over half the riders participate on a
corporate or social team and each has their own group of volunteers. We'd
like to thank each of you for everything you do; we know it's a lot of
hard work!

We,d also like to introduce and thank the rest of the staff of the Lone
Star Chapter of the National Multiple Sclerosis Society. You may have seen
them on the route and/or at the Expo on Friday:

Julia Hollis (VP, Client & Clinical Programs) ) luggage & bikes
Michael Staley (Client Programs Manager) ) luggage
Janna Caswell (Client Programs Manager) ) MS info booth
Joyce Alexander (Office Manager & voice of the Lone Star Chapter) ) MS
info booth
Lisette Garza (Client & Clinical Programs Coordinator, San Antonio) ) MS
info booth
Melinda Lober (Director of Community Development) ) volunteer check-in
Ilene Norden (Development Coordinator) ) La Grange Headquarters
Kathryn Noser (Special Event Manager) ) Lunch in Bellville and Bastrop
Will Rub (Director of Special Events) ) Parking at Finish Line
Kim Suiter (Director of Client & Community Programs, Austin) ) Finish Line
Vance Townsend (Information Systems & Technology) ) Lunch in Bellville and
Bastrop
Pat Bertotti (Chapter President) ) VIP tent, PR, Start, and La Grange
Presentation
Larry Massey (Executive Vice President Operating Officer) ) Accounting

Behind the scenes, our accounting and data entry departments work
diligently through the day and night entering new registrations and all
pledges that we,ve received. All registrations and pledges must be entered
by the Wednesday after the Tour so that we can mail pledge summary letters
on Thursday. Thanks to Brenda Chmiel, Lee Cartwright, Andrea Leday, Miles
Simmons, and Trang Bui who make this happen!

By now you should have received your pledge summary letter in the mail.
This letter indicates how much money you pledged, how much we received as
of April 17, and how much you owe, if any. Use the enclosed self-addressed
envelope to mail any remaining checks (DO NOT MAIL CASH). Make sure you
put the rider,s name on all checks.

If you raised over $400, then you qualify for one or more fundraising
prizes, as indicated in the letter. Please make sure that you CIRCLE your
choice on the invoice and return it to our office by May 19. We,ll order
the prizes at the end of May, once we,ve tallied everything up. If you do
not wish to receive a prize, then please CIRCLE DONATE BACK and return the
letter with any pledge money you have collected.

Please join us on June 28 at City Streets on Richmond Avenue near the
Galleria for a post-Tour Awards Party from 5:00 to 8:00 p.m. where you can
pick up your prizes. No prizes will be available before the party, except
the 2000 Commemorative Jersey. If you are unable to make it to this party
and you earned a prize or an award, then please make arrangements to pick
it up in our office AFTER the Awards Party. Our office is located in the
Medical Center near the Astro Dome: 8111 N. Stadium Drive Houston TX
77054.

If you live in or near Austin, then please join us for the Austin Awards
Party on Thursday, June 22 from 5:00 to 8:00 p.m. at Dave & Buster,s. We,
ll have the same prize distribution, team and individual awards, and more
at the Party. If you are unable to attend, you can pick up your prize at
the National MS Society,s Austin office AFTER June 28. Please call ahead
to verify that your prize will be there. The Austin office is located at
1601 Rio Grande Suite 445. You can reach them by phone at 512/495-9904.

If you're turning in over $2,000 or have already done so, please stop by
our office to pick up your 2000 ISUZU MS 150 commemorative, sublimated
jersey. The jerseys will also be available at the Awards Parties. To
receive a jersey, you must turn in $2,000 or more.

Believe it or not, we,ve already begun preparing for next year. Some of
you may have received a survey with your pledge summary. If so, please
take a few moments to complete the survey and return it along with any
remaining checks using the enclosed envelope. Your comments and
suggestions are helpful to us as we make improvements for next year,s
Tour. If you didn,t receive a survey, we,re still interested in your
comments, so please feel free to drop us a line.

We're gearing up for the 2000 MS 150 Bike to the Beach, a two-day bike
tour from San Antonio to Corpus Christi on September 30 and October 1.
This year we're offering free bus transportation from Houston and Austin
to San Antonio to the first 50 people registered. Hurry, seats are
limited. After the first 50 people, bus transportation is available for a
nominal fee. Early bird registration forms are already out; you should
have received one in your "goodie bag." To get another copy, please
contact us at 713.526.8967.

Stay tuned for future emails and website updates. Thanks again for coming
out this year, whether as a veteran rider, a first-time rider, a
volunteer, a sponsor, or just an on-looker. We look forward to seeing you
in June at the Award Parties!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

The National Multiple Sclerosis Society ( one thing people with MS can
count on.

To unsubscribe from the mailing lists, please return to:
http://www.ms150.org/talk2listsignup.htm


Please prepare our standard confidentiality agreement for the counterparty
below.  Please deliver to Dick Robinson.  The agreement should read such that
it will also be effective if we view the financials at their office (instead
of receiving a hard copy of the statements).  Let me know if you have any
questions.  Thanks!

Richard T Robinson
11/07/2000 11:18 AM
To: Laurie Mayer/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT
cc:
Subject:

  Counterparty:  Marcal Paper Mills, Inc.
  One Market Street
  Elmwood Park, NJ 07407-1451

  Attn:  Peter A. Marcalus, Sr. VP
  201-703-6404  ph #.
  201-703-6234  fax #

Enron is proposing to sell physical mixed waste paper to Marcal as well as
enter into financial swaps.  We need to prepare a confidentiality agrmt which
will allow Enron  to review financials on Marcal.

Thanks - Dick


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/11/2000
04:57 PM ---------------------------

"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:21:49 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>
Subject: Westgate Proforma-Phillip Allen.xls

Enclosed is the preliminary proforma for the Westgate property is Austin
that we told you about.  As you can tell from the proforma this project
should produce a truly exceptional return of over 40% per year over 3 years.
This is especially attractive when the project is in a market as strong as
Austin and we are introducing new product that in a very low price range for
this market.  This is the best project in terms of risk and reward that we
have uncovered to date in the Austin market.
The project does have approved zoning and will only require a site plan.  As
it is in the "Smart Growth Corridor" area designated by the City of Austin
for preferred development, this will be fast tracked and should be complete
in less than 6 months.  Additionally, many of the current and more severe
water treatment ordinances have been waived.  I have estimated the lot
improvement costs based on a 28 lot development we investigated in North
Austin, which included a detention/retention and filtration pond and street
widening.  Even though this property is not likely to require street
widening and will have less of a detention/retention and filtration pond
requirement, I used this data to be cautious.
 The Lone Star gas line easement in the lower portion of the property is not
expected to impact sales significantly.  Other projects have been quite
successful with identical relationships to this pipeline, such as the
adjoining single family residential and a project at St. Edwards University.
As with most infill projects, the quality of the surrounding neighborhoods
is uneven.  We have included a fence around the entire property, but may
only put it on Westgate and Cameron Loop.  Gated communities are far
preferred so this is a good idea for both screening and current buyer
preferences.
The seller accepted our offer Thursday evening with a price of $680,000 and
an extended escrow.  This will enable us to probably obtain an approved site
plan before closing on the contract, which will mean that we can close into
an A&D Loan rather than into a land loan and then an improvement loan.
This analysis shows your investment at $700,000 for a 50% interest in the
profits of the project.  As we discussed in San Marcos, we can also discuss
having you invest only in the lots, sell the lots to the construction entity
with your profit in the lot.  I believe this would facilitate the use of a
1031 Exchange of the proceeds from this deal into another project that is a
rental deal or at least into the land for a rental project that would then
be the equity for that project.  You would need to discuss this with an
exchange expert first.  Larry Lewter knows an expert in the field in San
Antonio if you do not know anyone.
I will send you a package on the property that was prepared by the broker,
by Airborne Express today for Saturday delivery.
Once you have read the package and reviewed this proforma, we would want to
schedule a tour of the site and the area.  Please get back to me as soon as
your schedule permits regarding the site visit and feel free to call at any
time.  You can reach me over the weekend and in the evening at either
512-338-1119 or 512-338-1110.  My cell phone is 512-748-7495 and the fax is
512-338-1103.   I look forward to hearing from you and to working with you
on this project that is sure to be a major winner.
I regret that it took so long to get back to you, but we had some unusual
events these past few weeks.  A small freakish wind storm with severe 60+mpg
downdrafts hit the South part of Austin where we are building 10 town homes.
One of these units had just had the roof decked with the siding scheduled to
start the next day.  The severe downdraft hitting the decked roof was enough
to knock it down.  The City shut down the project for a week and it took
another week to get every thing back on tract.  Then last week I had to take
my wife  to emergency.  She has a bulge in the material between the vertebra
in her spine and it causes her extreme pain and has kept her bedridden this
past week..  There is nothing like having your wife incapacitated to realize
the enormous number of things she does everyday.   Fortunately, it looks as
if she will be ok in the long run.
George W. Richards
Creekside Builders, LLC

 - Westgate Proforma-Phillip Allen.xls


HOLIDAY SAFETY REMINDER

The holiday season can mean an increased risk of fires and a higher potential
for criminal activity due to people taking advantage of convenient downtown
shopping and because of the increased number of special events and office
parties.  We would like to pass along a few safety and security tips from the
City of Houston Fire Department and the Houston Police Department.

? Please do not prop open stairwell doors or doors to the freight elevators.
This defeats security.

? Use only artificial trees and greenery in decorating your office space. Do
not place cut trees or greenery within the building. Cut trees become major
fire hazards when they dry out.

? Office parties or the holiday mood may distract you.  Be alert for thieves
who try to take advantage of the holiday season. Sometimes just having fewer
people at work during the holidays creates an opening for thieves. If you see
someone that does not appear to belong in your work area, immediately call
the Enron Security Console at 713-853-5360.

? Keep your purse or wallet with you at all times or locked away in a drawer
or closet.

? If you go shopping, invite a friend to go along. Try not to overload
yourself with packages.  When you return, lock your gifts away in a safe
place.

? Always be aware of your surroundings while in a public area. If things don,
t look right, follow your instincts and avoid going into the area.

? When waiting for a ride home after hours, remain inside the building near a
card-reader door until you see your ride arrive.

? If office parties are on company premises and involve alcoholic beverages
or public invitees, call security at 713-853-5360.  Security will advise you
as to company guidelines.


On Wall Street, people are talking about Enron.  At Enron, we're talking
about people...our people.  You are the driving force behind every success
that our company has experienced, including our high-performing stock price,
which surpassed the $50 mark only a few days ago. You made it happen!

To show our appreciation for your hard work and commitment to Enron,s
continued success, eligible regular full-time and regular part-time employees
who were on the payroll of a wholly-owned Enron company at Dec. 31, 1999 will
receive 50 Enron stock options.  A special stock option award certificate and
a copy of the stock plan will be sent to you in the next few weeks.

About the stock options grant:
The grant was effective Jan. 18, 2000, therefore, the option grant price is
$55.50.
Options will have a seven-year term, which means you must exercise these
options before seven years have passed.
Options will vest 25 percent on Feb. 28, 2000 and 25 percent each subsequent
January 18th thereafter until fully vested, as long as you are an employee of
Enron.  This means you may exercise 25 percent of these options as early as
Feb. 28.
This grant is made in accordance with the terms and provisions of the Enron
Corp. Stock Plans and the award documents, which you will receive in the
coming weeks.

Due to varying international restrictions and legalities, Enron employees in
certain international locations will receive some other form of recognition.
Your local management and human resources representative will communicate
further details.

Visit home.enron.com for additional information.  There you can access a list
of frequently asked questions regarding stock options.  And you can view a
special message from Ken Lay.  To access the special message, you must have
IP-TV and a sound card. If you are not able to view Ken,s message, a
transcript is available.  If you encounter any technical difficulties, please
contact your PC Help Desk.

To help celebrate this occasion Plaza Java located in the Enron Building will
offer 50-cent Coffee of the Day and 50-cent Krispy Kreme donuts today only,
while quantities last.

Again, thank you for all you do to make Enron a successful global energy and
broadband services company and a great place to work.


Re:  Bank of Montreal and ENA, have we terminated the CES agreement (and has
credit agreed)?  I don't know how Susan F. "inactivated" the CES ISDA with
BOM,  We are in the process of negotiating with BOM in connection with our
Japanese affiliate.  Sara


Yes, this stuff is for the purchaser's bank.

"Shoemaker, Kent (GEAE)" <kent.shoemaker@ae.ge.com> on 04/02/2001 01:45:44 PM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: Enron/Delta Turbine Acquisition

Kay:  Is there anything different from the forms you and I worked on
earlier.

Kent

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Monday, April 02, 2001 1:32 PM
To: danetta.beaushaw@ps.ge.com
Cc: kent.shoemaker@ae.ge.com; lee.johnson@ps.ge.com;
Stephen.Thome@enron.com
Subject: Enron/Delta Turbine Acquisition

Hi Danetta,

I heard a rumor that you are the one to look at this stuff.  I know that
you recently went through the process in connection with the Fountain
Valley transaction.  I'm happy to serve up those forms to Freshfields if
that makes it is easier for you.

My number is 713 345 7566.

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 04/02/2001 12:27
PM ---------------------------

Kay Mann
04/02/2001 10:09 AM

To:   kent.shoemaker@ae.ge.com
cc:   lee.johnson@ss.ps.ge.com

Subject:  Enron/Delta Turbine Acquisition

Hi Kent,

I don't know whether Lee has mentioned the Delta Power deal that we are
working on.  We are taking 4 turbines and putting them in an LLC, and
selling some of the interest in the LLC to Delta Power.  Three of the
turbines are turbines formerally known as LV Co Gen turbines, and we are
buying new LM's to replace the ones we are using here.  In any event, Delta
Power is financing the deal, and they have asked that we get GE sign off on
the attached documents.  Therefore, I would be interested in your response
to the attached.

I understand that Lee is in New Orleans today, but I'll send him a copy
anyway.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/02/2001 10:05
AM ---------------------------

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/01/2001 05:10:38 PM

To:   "Carolyn Campbell (E-mail)" <CCampbell@KSLAW.com>, "John Keffer
      (E-mail)" <JKeffer@KSLAW.com>, "Kay Mann (E-mail)"
      <kay.mann@enron.com>, "Rick Vicens (E-mail)"
      <rvicens@deltapower.com>, "Gregory F. Lang (E-mail)"
      <gregorylang@paulhastings.com>
cc:   "BURKE, Ted (TDB)" <ted.burke@freshfields.com>

Subject:  Enron/Delta Turbine Acquisition

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

As discussed during our call earlier this afternoon, please find attached
for onward transmission to GE a draft of (i) the GE Consent and Agreement
and (ii) the GE legal opinion.

Kind regards
Isabel

(See attached file: NY003700033.DOC)
(See attached file: NY003699615.DOC)


I think everything is OK now.  I set up deals 260724 (k#B00693026471), 260689
(k# F01978) and deal 260712 (k#I00454).  I changed the end date for deal
235701 (also k#B00693026471 - unpathed) to 4/30/00 and it still shows up in
Unify for May.

Beavy, make sure you use the B*** k# with an MDQ of 9005 when you path May.
---------------------- Forwarded by Chris Germany/HOU/ECT on 05/04/2000 01:01
PM ---------------------------

Richard Pinion
05/04/2000 08:12 AM
To: Chris Germany/HOU/ECT@ECT, Marlene Hilliard/HOU/ECT@ect
cc: Beverly Beaty/HOU/ECT@ECT, Diane E Niestrath/HOU/ECT@ECT, Sylvia A
Campos/HOU/ECT@ECT
Subject: Re: National Fuel Says They Are Pathed Model Type

I was under the impression that the new services were set up by Sylvia.  She
had discussed this several times with me in the last two weeks.  You should
only have to set up new deal tickets with the new service effective 5-1-00
and end the old tickets 4-30-00.
The new service types should be as the below example - The new service type
is no longer "Transportation", it is now "Transportation-Pathed" for K#
B00693026471.

RP

Chris Germany
05/04/2000 07:36 AM
To: Marlene Hilliard/HOU/ECT@ect, Richard Pinion/HOU/ECT@ECT
cc: Beverly Beaty/HOU/ECT@ECT
Subject: Re: National Fuel Says They Are Pathed Model Type

 What do I need to do?  Should I end the exitsting contracts effective
4/30/00 and create new ones effective 5/1/00?  Does Marlene need to create a
new type of FT rate service to make these contracts appear different ( maybe
that has already been done)?

Marlene Hilliard
05/03/2000 05:01 PM
To: Chris Germany/HOU/ECT@ECT, Richard Pinion/HOU/ECT@ECT
cc:
Subject: Re: National Fuel Says They Are Pathed Model Type

I was not aware ot the Sonat Style.  In that case, an IT request is not
necessary.

Marlene Hilliard
---------------------- Forwarded by Marlene Hilliard/HOU/ECT on 05/03/2000
04:58 PM ---------------------------

Richard Pinion
05/03/2000 04:48 PM
To: Chris Germany/HOU/ECT@ECT
cc: Beverly Beaty/HOU/ECT@ECT, Marlene Hilliard/HOU/ECT@ect, Diane E
Niestrath/HOU/ECT@ECT, Donna Greif/HOU/ECT@ECT
Subject: Re: National Fuel Says They Are Pathed Model Type

I have been speaking with Sylvia Campos on this.  Originally they wanted to
do this via IT request which I thought would cause some problems. Since then
they changed their minds and decided to so it Sonat style and merely create a
different service type (so as not to change historically).  To my
recollection that is the way that they were going and supposedly it was
cleared with Connie Sutton.  So this reversal does somewhat surprise me.

RP

Chris Germany
05/03/2000 02:36 PM
To: Richard Pinion/HOU/ECT@ECT, Marlene Hilliard/HOU/ECT@ect
cc: Beverly Beaty/HOU/ECT@ECT
Subject: Re: National Fuel Says They Are Pathed Model Type

Richard, according to Marlene, she needs to put in an IT request to change
the National Fuel contracts from non-pathed to pathed.  Does this sound
correct to you?

Please let me know.
chris
---------------------- Forwarded by Chris Germany/HOU/ECT on 05/03/2000 02:28
PM ---------------------------

	From:  Beverly Beaty                           05/03/2000 02:14 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: National Fuel Says They Are Pathed Model Type

Per our conversation....

Bev
---------------------- Forwarded by Beverly Beaty/HOU/ECT on 05/03/2000 02:14
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Donna Greif                           04/21/2000 12:44 PM

To: Richard Pinion/HOU/ECT@ECT
cc: Beverly Beaty/HOU/ECT@ECT, Diane E Niestrath/HOU/ECT@ECT
Subject: Re: National Fuel Says They Are Pathed Model Type

Richard,

I trust you're on top of this.....let me know if you'd like my help!

Thanks!

dg

From: Diane E Niestrath on 04/19/2000 06:23 PM
To: Donna Greif/HOU/ECT@ECT, Richard Pinion/HOU/ECT@ECT
cc: Dave Nommensen/HOU/ECT@ECT, Beverly Beaty/HOU/ECT@ECT
Subject: National Fuel Says They Are Pathed Model Type

DG & RP,

National Fuel says they are 100% using the GISB pathed model type.  Our Unify
noms are non-pathed.

1) Can you look at the National Fuel invoice and verify that the accounting
area will still work effortlessly if we change Unify to pathed.
2) If we elect to change Unify's model type to pathed, let's do it just like
we did Southern Natural.  And, I would like this done for May 1 noms in
production and have the Scheduler (Beverly?) path in this new model type
manner.  We are suppose to be getting scheduled quantities in production
starting tomorrow, unless ECOM prevents it, so you'll be able to see what the
pipe expects in the pathed model type.
3) If we elect to NOT change Unify's model type to pathed, I guess we can't
ever edi this pipe unless I can figure out some clever way to join up the
noms.

Beverly, Do you think it would be a problem to start entering the upstream
k's and downstream k's when you path in Unify.  The pipe told me this is
mandatory data unless the nom is involved in the Appalachian area.  If it is
a problem, don't do, I don't want to slow you down since you have to enter
the data twice today.  If and when we do edi, we'll need the up/down k's
entered at that time.

Thanks, Diane
x3-9931

==============================================================================
=======================
Email excerpt between Diane (in magenta) and Chris Zachary in IT Dptmt at
National Fuel Gas Supply Corp (in blue) ===>

>> 3) Please confirm that your model type is always "P" pathed from noms all
the
>> way down to invoices.

    Our model type is always "P" for pathed.


Vince, that sounds great.  Should I drive by and pick you up around 12 in
the Enron circular drive?

Shawn

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Friday, October 19, 2001 11:15 AM
To: Cumberland, Shawn
Cc: vkaminski@aol.com
Subject: RE: lunch

Shawn

What about Tuesday next week?

Vince

    -----Original Message-----
   From:   "Cumberland, Shawn" <Shawn.Cumberland@ElPaso.com>@ENRON
   Sent:   Thursday, October 18, 2001 1:55 PM
   To:     Kaminski, Vince J
   Subject:  lunch

   Vince:

   How are you doing?

   I'd love to get back together for lunch again sometime.

   Shawn

   ******************************************************************
   This email and any files transmitted with it from the ElPaso
   Corporation are confidential and intended solely for the
   use of the individual or entity to whom they are addressed.
   If you have received this email in error please notify the
   sender.
   ******************************************************************

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


Diane:
Looks like the guarantor will have to change to:  NUI Corp. (and replace NUI
Utilities, Inc.)  This will require changes to the "Additional Provisions"
section, part (b) and the Exhibit A.  We will target Monday morning to
finalize.  Thanks.

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

	Diane Anderson@ENRON
	04/12/2001 12:03 PM

		 To: Mark Breese/HOU/ECT@ECT
		 cc: Sara Shackleton/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT
		 Subject: NUI revised

Mark,

Attached please see the confirmations, with
a change to the Addtional Provisions (b) section
referencing both deals - which should answer
your concerns, as per Sara.

Please let me know if these are OK to sign
and send.  If you are unable to OK these by
12:45 today (I'm leaving for the weekend),
please respond to Joe Hunter and he will
sign and send them.

Thanks,
Diane
3-0443


John,

The outline of a message to Nesbitt.

Dale,

Thanks for your message. In our phone conversation before the meeting  you
mentioned
another contractual arrangement under which we could work with  your  company
employees on a case-study.

The cost of a weekly project  would be $12,000 that would be applied to the
purchase price should
we go ahead and decide to acquire the software. This project would allow us
to evaluate the model and
come up with an estimate of the manpower necessary to support  the model
internally.

Please, let me know more about this option.

Vince


Please usa the attahced worksheets for the Master Physical Agreements. They
have been adjsuted to account for debt associated to a 3rd party event of
default. They should be $30MM for Nevada and $20 MM for Sierra. Sorry about
the mistake earlier.

-Darren


---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 10/22/2000
03:31 PM ---------------------------

Robin Rodrigue
10/13/2000 09:03 AM
To: Shannon McPearson/HOU/ECT@ECT, Brooklyn Couch/HOU/EES@EES,
rerodrigue@hotmail.com
cc:
Subject: FW: For my Friends

For those tired of the usual "friend" poems, a touch of truth!

When you are sad,.............I will get you drunk and help you plot revenge
against the scum sucking bastard who made you sad.
When you are scared,.........I will laugh at you and tease you about it
every chance I get.
When you are worried,.........I will tell you how much worse it could be and
to quit complaining.
When you are confused,........I will use little words to explain it to your
dumb butt.
When you are sick.........I will hold your hair while you pay homage to the
porcelain god.
When you fall......I will point and laugh at your clumsy butt.
This is my oath...............I pledge this till the end.
Why you may ask?...............Because you're my friend.

Hope it made you laugh - but you know I got your back!!!!!!!!


There are four of us that are not playing tomorrow?
PL


Enron in Action can be accessed through the new Community Relations web site at http://cr.enron.com/eia.html .  In this week's issue you will find out information regarding:

Enron Happenings
BEAR Holiday Fundraiser
2001 Holiday Shopping Card benefiting the American Cancer Society
Enron Kids 2001 Holiday Program
Support the Museum of Natural Science at the Crate & Barrel Opening Night Preview Party
Enron Night with the Houston Aeros
Free Carwashes for Enron Employees
American Heart Association "Heart Walk"

Enron Volunteer Opportunities
Volunteer for the 2001 Nutcracker Market "A World of Holiday Shopping"

Enron Wellness
CPR/First Aid Training
Mammogram Screening
November is Lung Cancer Awareness Month

Involved Employees
Par "Fore" Pets Golf Tournament

In addition, Enron in Action is available through a channel on my.home.enron.com.  To add this channel to your set-up click on the channels link at the top of the screen and under announcements check the Enron in Action box.

If you wish to add an announcement to Enron in Action, please fill out the attached form below and submit it to mailto:eia@enron.com no later than 12 PM Thursday each week.


I will work on an Enron protest of this MISO filing, if necessary, for this issue (question of how "source and sink" would affect reservations and hinder EES in reserving network (similar to Dynegy v. ComEd arguments).

-----Original Message-----
From: steven.naumann@exeloncorp.com
Sent: Mon 11/19/2001 9:02 PM
To: Nicolay, Christi L.
Cc:
Subject: MISO Filing ER02-290-000

Christi:

I have read the MISO filing and have the same concerns you have with respect
to the granularity of the source.  I have passed the filing onto others in
Exelon and should know in a few days whether we will intervene (it looks
like we have until Nov. 29).

Steve

Steven T. Naumann
Transmission Services Vice President
Phone:  312.394.2807
FAX:    312.394.2881
Pager:  312.689.2079  <-- New Pager Number
E-Mail: steven.naumann@exeloncorp.com <<mailto:steven.t.naumann@ucm.com>>

************************************************************************
This e-mail and any of its attachments may contain Exelon Corporation
proprietary information, which is privileged, confidential, or subject
to copyright belonging to the Exelon Corporation family of Companies.
This e-mail is intended solely for the use of the individual or entity
to which it is addressed.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution,
copying, or action taken in relation to the contents of and attachments
to this e-mail is strictly prohibited and may be unlawful.  If you have
received this e-mail in error, please notify the sender immediately and
permanently delete the original and any copy of this e-mail and any
printout. Thank You.
************************************************************************


Ed Baughman said that before sending the Demand Letters we should have discussion w/ Harlan to be sure there are no adverse issues associated w/ the following:

Nevada Power
Select Energy

Louis R. DiCarlo
ENA Gas Structuring
Phone: 713-345-4666
Email: louis.dicarlo@enron.com


Willie G's is fine.  I don't know if Mark's coming.  Is Jerry?

-----Original Message-----
From: Williams, Bob [mailto:Bob.Williams@ElPaso.com]
Sent: Wednesday, October 31, 2001 9:27 AM
To: Lucci, Paul T.
Subject: RE: lunch today still on????

11:30 at Willie Gs.  Is Whitt coming?

-----Original Message-----
From: Lucci, Paul T. [mailto:Paul.T.Lucci@ENRON.com]
Sent: Wednesday, October 31, 2001 9:22 AM
To: Williams, Bob
Subject: RE: lunch today still on????

yes, what time & where?  Jerry Padilla wants to go.

-----Original Message-----
From: Williams, Bob [mailto:Bob.Williams@ElPaso.com]
Sent: Wednesday, October 31, 2001 9:13 AM
To: 'plucci@enron.com'
Subject: lunch today still on????

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
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Well, the origination tickets are up for grabs if you want them. I have been
informed by Mollie, Oh Holy Keeper of the Tickets, that you must, and I
quote, "come over here and beg me" if you want to procure free seats to
tonight's game.

The ball is now in your court. I'd suggest driving down the middle, faking to
the left, butt-kissing to the right, and taking it straight to the hole for a
slam dunk. Good luck!

Kate "Nothin' But Net" Symes


Date: Today, Wednesday 1/17/01
Time: 3-3:30 PM
Room: EB 3143c
Topic: Benchmark Discussion with Research

Please call me with any questions.

John House


The same here now

 -----Original Message-----
From: 	Gentle, Jackie
Sent:	Monday, December 03, 2001 8:24 AM
To:	Kitchen, Louise
Subject:	I'm still here ....

Just wanted to let you know that the administrators asked me to come back in this week so I'm still here ..... it's a bit like Colditz actually.   Best of luck today.  J.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/30/99
04:31 PM ---------------------------

VKaminski@aol.com on 10/03/99 04:25:26 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Audit

Thanks for your message regarding the Model Risk project. I think it's a very
important issue and really critical to Enron. The model risk represents a
very significant exposure to the company: a wrong model results in bad
decisions and eventually leads to accounting errors and incorrect financial
statements.

Here are my comments.

1. Reasons of model risk. The main source of model risk in Enron is omitted
in your list. I think it's due to the fact that the responsibility for the
final model approval and validation is dispersed in the organization and
there no single unit/person that is vested with the authority to audit,
approve  and monitor valuation models. The popular perception is that this is
done by the Research Group, but this could not be further form the truth.
Given the way the organization evolved over the last few years, we became a
group of internal consultants, working on highly specialized, partial
problems (sometimes, we work on a project from A to Z, but it's an exception
to the rule).

It's imperative that this is communicated to the senior management in a
precise, non-ambiguous way. I think that this is the main source of potential
problems and the first shortcoming of the modeling process to be corrected.

2. I would expand point 3 in your draft (inappropriate application of models)
and add two lower level points: a) wrong inputs b) incorrect model used for a
given transaction. TVA is an example of point a: a transaction in case of
which the inputs have not been being updated for an extended period of time
in the past.

3. Under Control Strength you can mention that several audits of the Research
Group model by Arthur Andersen and Darrell Duffie have been initiated at our
insistence.


Both Mike Swerzbin deals were in incorrectly. We've changed them, and added
the last deal for Matt Motley.

495106
Off Peak

495175
50 MW

Matt's deal should show up any minute.

Thanks,
Kate

Evelyn Metoyer@ENRON
01/11/2001 02:05 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 1/11/01 errors

Mike Swerzbin

ref 495106
Prebon says this s/b off-peak not peak

ref 495175
Prebon shows 50 mw not 25

Matt Motley
I am missing the following deal per Amerex for Matt:
Enron buys EES 25mw Q3'01 PV at $275.00


try these AM 610, 950, maybe 740

-----Original Message-----
From: Lmfoust@aol.com [mailto:Lmfoust@aol.com]
Sent: Thursday, February 21, 2002 9:19 AM
To: Hyatt, Kevin
Subject: Re: NPR interview

Where is NPR on our dial in Houston?


As you may well know we are being pushed by Arthur Andersen to bring our
prudency policy in line with that of North America.  In response to these
pressures, we have conducted a thorough review of our prudency policy and
have determined that all discretionary prudency and general reserves
(including VAR based prudency) should be eliminated. Deal specific prudency
will, however, remain. In order to avoid any arguments with AA near the
quarter end the release to the London summary DPR should happen today for the
August month end.

Apologies for the short notice but the final decision was only made very
recently. Please pass this message around to those people in your groups who
are not on the above mail list so that 'everyone' is aware of the change.

If there are any questions please let me know.

James


Thanks - that should work fine now that the restricted list policy and risk
management policy are consistent.

Cassandra.

 -----Original Message-----
From:  Lowry, Donna
Sent: Thursday, April 05, 2001 11:12 AM
To: Schultz, Cassandra
Cc: Valdez, Veronica
Subject: FW: Policy Compared to Lowry's Notification

Cassandra,
I incorporated your changes to the Restricted List. The second and third
paragraph after the actual list is the exact language that you suggested.
The rest of the language in the entire email relates to the Chinese Wall
Policy and the only additional changes that will be made by the legal group
is they feel it is appropriate.  Keep in mind that I am only referencing the
Risk Management Policy to a very brief extent, this is not meant to be a
summary of that policy.  This is a offshoot of the Chinese Wall Policy.  If
you have any questions, give me a call.  Thanks. Donna

 -----Original Message-----
From:  Valdez, Veronica
Sent: Thursday, April 05, 2001 10:57 AM
To: Lowry, Donna
Subject: Policy Compared to Lowry's Notification

Donna,

Hope all is well.  Cassandra compared your document to the policy and she
stated per the attached that she felt your notification should be updated per
the information below.  Let me know if you need any help.

Thanks,

Veronica

Compared policy to Lowry,s notification
(underlining is policy)

In addition to the above, you are reminded that pursuant to Enron Corp.'s
Risk Management Policy ("Policy"), no ENA/RAC/EGF employeeNo employee of any
Enron Business Unit may engage in the trading of any"Position"  ("Position"
means any  commodity, financial instrument, security, equity, financial asset
or liability that are authorized for trading in
the

PolicyPosition for the benefit of any party other than ENA/RAC/EGF, whether
for his/heran Enron Business Unit (whether for their own account or for the
account of any third party,party) where such Position relates to  (i)
anycommodity,  financial instrument, security,equity, financial asset or
liability which falls within such employee'semployee,s responsibility at
ENA/RAC/EGF or (ii) any energy commodity.an Enron Business Unit, or (ii) any
other commodity not covered by (i) included in any Commodity Group.

&Position8 shall mean, collectively, the risk components (including, but not
limited to, price risk, basis risk, index risk, credit risk and liquidity
risk) of all products (commodities, financial instruments, securities,
equities, financial assets or liabilities) which have been authorized for
trading in the Enron Corp. Risk Management Policy, any of the Enron Corp.
Policies or approved for trading through any amendments to this Policy.


---------------------- Forwarded by David M Gagliardi/TTG/HouInd on
06/23/2000 09:01 AM ---------------------------

Tracy Ralston <wdr3@swbell.net> on 06/22/2000 10:30:48 PM

To:   wdr3@swbell.net
cc:

Subject:  FW: True Orange Fax/E-Mail #56

-----Original Message-----
From: TruOrange@aol.com [mailto:TruOrange@aol.com]
Sent: Wednesday, June 21, 2000 8:45 PM
To: TruOrange@aol.com
Subject: True Orange Fax/E-Mail #56

True Orange Fax/E-Mail Service
Volume 8, Fax/E-Mail #56, Wednesday, June 21, 2000
Jerry Scarbrough's True Orange, P. O. Box 26530, Austin, Texas 78755 -
Phone
512-795-8536

Longhorns Get Pledge from Euless Trinity Defensive Back

Braden Johnson, 6-2, 200, 4.4, a defensive back from Euless Trinity who
came
to one of Texas' three-day summer camps earlier this month, committed to
the
Longhorns Wednesday.
Johnson, a hard-hitting safety who had 42 tackles last season for the 9-2
Trojans, who had one of the top defenses in the Dallas-Fort Worth area, is
moving to quarterback this season.
His father, David, told me his son decided to commit to the Longhorns
because
"the Texas coaches really impressed him with their coaching methods and
with
the classy way they operate. They were very open and very straightforward."
David Johnson said his son also attended a TCU camp this summer and went to
a
Texas A&M camp last summer. He said several schools called his son in May,
the month the NCAA allows schools to make one phone call to each recruit.
He
said calls came from coaches at Notre Dame, Oklahoma, Nebraska, Arkansas,
TCU
and others, but he said his son decided to commit to Texas and get the
recruiting process behind him so he could concentrate on his senior season.
Braden Johnson has strong athletic blood lines. David Johnson was on a
football scholarship at Oklahoma State when he suffered a career-ending
shoulder injury and David has two famous uncles for old-time football fans.
One is Bill Johnson, who had a 20-year career as a player and coach with
the
San Francisco 49ers and who also coached with Paul Brown on the Cleveland
Browns' staff. The other is Gil Johnson, the quarterback on the great SMU
teams that featured Doak Walker and Kyle Rote.
Braden Johnson is a three-sport star. He plays centerfield in baseball and
runs on the 400-meter relay in track. He also is a good student.
Johnson is the fifth high school star to commit to Texas this month. The
others are WR-DB Brian Carter of The Woodlands, and OLs Jonathan Scott of
Dallas Carter, Abe Robinson of Houston Jersey Village and Will Allen of
Houston Cypress Falls. In addition, Alfio Randall, a super OL recruit a
year
ago, is on track to graduate from Blinn JC in December and he told me he
will
enroll at Texas in January.
All five of the high school prospects who committed did so after attending
one of the Longhorns' summer camps.
Scott and Robinson are on virtually all of the national top 100 lists.
RECRUITING NOTES: The top running back and the top quarterback  in Texas
both
say they would like to commit early and the Longhorns are in strong
contention for both. The RB is Cedric Benson of Midland Lee, who rushed for
3,526 yards and 51 touchdowns in leading Lee to a 16-0 season and it's
second
straight Class 5A state championships. Both those incredible totals are
Class
5A records. The QB is Matt Nordgren of Dallas Bishop Lynch, who threw for
2,500 yards as a sophomore before suffering a broken collarbone last season
that knocked him out of his teams' final five games. He still passed for
1,170 yards. . . The Longhorns already have commitments from two of the 24
members of the "Super Team" in Dave Campbell's Texas Football Magazine.
They
are Scott and Robinson. The only other member of the "Super Team" who has
committed is Madisonville RB David Underwood, the Aggies' No. 1 RB target
who
announced last week that he is going to be a Michigan Wolverine. Allen made
the second team and Carter made the third team. . . There are at least five
super players I have seen who will be big recruiting targets next year.
That's right ? they were so good as sophomores that every school in the
country already knows about them. They are QB Vincent Young, 6-5, 195, 4.5,
of Houston Madison; RB Selvin Young, 5-11, 188, 4.4, of Houston Jersey
Village; DL Marco Martin, 6-4, 290, 4.7, of Mesquite; DE Travis Leitko,
6-5,
250, 4.7, of The Woodlands, and TE-OL Eric Winston, 6-6, 265, 5.0, of
Midland
Lee. Young ran for 2,204 yards last year in a tough district. Young threw
for
1,007 yards and ran for 730 more as a sophomore, also in a tough league.
Martin is so agile that he also plays fullback and so quick that he's a
terrific pass rusher and run stopper. Leitko was a dominating force as a
sophomore last year on The Woodlands' playoff team. Winston is a great
athlete who was one of the stars on Lee's title team as a sophomore. Leitko
and Young came to Texas' summer camp earlier this month.
In the "did-you-know" department: Nebraska was 81-8 in the last seven
football seasons. That makes the Huskers 80-5 against the rest of the world
during that span, but only 1-3 against our Longhorns.
* * * *
My next fax will be whenever events warrant.
* * * *
The True Orange Fax Service includes  at  least  99 faxes  a year and costs
$99 ($79 by E-Mail). The True Orange Newsletter includes  26 newsletters
and
is published weekly during football season and twice monthly during most of
the other months. It costs $45. Save by subscribing to both for $130 (or
$110
if you take the faxes via E-Mail  or $99 if you take the faxes and
newsletter
via E-Mail). Send check  to address at the top of page. I also  update my
900 number ? 1-900-288-8839 ? frequently with recruiting news. My E-Mail
address is: truorange@aol.com


Hi,

    It was nice meeting you all on yesterday at your weekly meeting.

    As promised I am attaching a "shopping list" (or a "cheat sheet" - according to Heather) of the various options pricing models we have at our disposal on the options trading desk.

    Please give me a call if you wish to discuss these products in more details.

Kind regards,
Iris

-----Original Message-----
From: Mack, Iris
Sent: Friday, August 31, 2001 1:07 PM
To: Black, Tamara Jae; '/o=ENRON/ou=NA/cn=Recipients/cn=notesaddr/cn=a478079f-55e1f3b0-862566fa-612229'; Abler, William; Allen, Diana; Arora, Harry; Ballato, Russell; Ballinger, Ted; Baughman Jr., Don; Benjelloun, Hicham; Benson, Robert; Bentley, Corry; Blaine, Jay; Broderick, Paul J.; Broussard, Richard; Burnett, Lisa; Campbell, Larry F.; Carson, Mike; Chen, Alan; Choate, Jason; Cline, Kevin; Collins, Dustin; Comeaux, Keith; Coulter, Kayne; Davis, Mark Dana; Day, Smith L.; Dean, Clint; Decook, Todd; Diaz III, George; Dorland, Chris; Errigo, Joe; Finger , Michael; Forney, John M.; Garcia, Miguel L.; Gilbert, Gerald; Gilbert-smith, Doug; Grace, John; Greer, Andrew; Gualy, Jaime; Guerra, Claudia; Gupta, Gautam; Hanse, Patrick; Hernandez, Juan; Imai, Rika; Kandolha, Andrew; Kaniss, Jason; Katz , Randy; King, Jeff; Kinser, John; Laurent, Dean; Laverell, Justin; Lenartowicz, Chris; Lorenz, Matt; Lotz, Gretchen; Mahajan, Ashish; Makkai, Peter; May, Tom; McElreath, Alexander; Miller, Jeffrey; Mrema, Chris; Olinde Jr., Steve; Pace, Andy; Padron, Juan; Philip, Willis; Podurgiel, Laura; Poppa, John D.; Presto, Kevin M.; Quenet, Joe; Rodriquez, Andy; Rogers, Benjamin; Rust, Bill; Ryan, David; Saibi, Eric; Schiavone, Paul; Serio, Erik; Shoemake, Lisa; Smith, Eric; Stalford, Robert; Stepenovitch, Joe; Sturm, Fletcher J.; Symms, Mark; Tamma, Ramanarao; Thomas, Paul D.; Valdes, Maria; Vernon, Clayton; Wade, Jewell; Wang, Steve; Willis, Cory; Wolfe, Jeff; Zipperer, Mike; Imai, Rika; Benjelloun, Hicham; Cline, Kevin; Gualy, Jaime; Will, Lloyd; Kaniss, Jason; Williams, Ryan; Oh, Seung-Taek; Schiavone, Paul; Philip, Willis; Willis, Cory; Hoog, David; Chen, Hai; Abramo, Caroline; Jacoby, Ben; Tapscott, Ron; Whitaker, Rick; Baughman, Edward D.; Clynes, Terri; Sewell, Doug; Abler, William; KELLY, MICHAEL; Kelly, Michael G; Llodra, John; Wheeler, Rob; Politis, Nick; Dutta, Tom; Kroll, Heather; Rorschach, Reagan; Marshall, Howard; Acevedo, Rudy; Curry, Mike; Meyn, Jim; Herrera, Fernando; Trefz, Greg; Hiemstra, Nick
Subject: RE: Matrix of Long-Term (Exotic) Options Trading

Hi,

        I have already met with some of you to discuss long-term (exotic) options trades.

        As per your request, I am attaching a "shopping list" of a variety of options trades that the power options desk is capable of pricing.

        Please feel free to contact me if you wish to discuss these options products and how they may be used to help your clients develop customized risk management tools.

Thanks,
Iris
x3-6711


Maria:

Can you provide me with a blackline of one of the confirms below marked
against the draft which Enron marked up and faxed to Steve on September 1,
2000?  The current format contains a number of changes and it would be easier
to review.  The directory on that document reads "Ext. ID[.]".  We want to
respond quickly, today being our goal.

Thanks.  Sara

	"Chiodi, Maria" <maria.chiodi@csfb.com>
	12/13/2000 05:02 PM

		 To: "'sara.shackleton@enron.com'" <sara.shackleton@enron.com>,
"'clint.freeland@enron.com'" <clint.freeland@enron.com>
		 cc: "Haratunian, Stephen" <stephen.haratunian@csfb.com>, "Emerson, Michael"
<michael.emerson@csfb.com>, "Skinner, Mark" <mark.skinner@csfb.com>
		 Subject: Equity Forward Confirmations

Sara and Clint:

I attach a final draft of the equity forward confirmation for the two
outstanding equity forward transactions. We need to fill in the: (1) par
value of your stock in the definition of Shares in each of the attached that
appears on page 3 for the May 8, 2000 trade and on page 2 for the August 4
trade; and (2) date when the share repurchase program was publicly announced
that is page 16 of the May 8, 2000 transaction and on page 15 of the August
4, 2000 transaction.

If the attached is acceptable to you, please advise me of the above so that
we may prepare execution copies and finalize these confirmations.

Regards,

>  Maria Chiodi
>  Legal and Compliance Department
>  CREDIT | FIRST
>  SUISSE | BOSTON
>  Phone: 212-325-6724
>  Fax: 917-326-7763
>
>
 <<Fwd001213Trade2.doc>>  <<Fwd001213Trade1.doc>>

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.

 - Fwd001213Trade2.doc
 - Fwd001213Trade1.doc


Derivatives For
Energy Professionals

Two Full Days, April 9 - 10, 2002
Early Bird Special Deadline is March 11th
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For More Information Go To
www.kaseco.com/classes/derivatives.htm

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*	The Derivatives Market
*	Buying and Selling Forward
*	Hedging Long and Short Positions
*	Trigger Deals, EFP's, Swaps
*	Hedging Spreads and Basis
*	Volatility and Options
*	Hedging with Options
*	Hedging with "Exotics"
*	Market Behavior in Favorable Price Environments
*	Market Behavior in Adverse Price Environments
*	Developing a Strategy to Match Risk Appetite
*	Selecting Appropriate Instruments
*	Developing Policies and Procedures

In This Class You Will Learn About

*	How futures and OTC derivatives work
*	Hedging prices, basis, margins, and spreads
*	Math for volatility, VAR, Monte Carlos
*	Options, including puts, calls, floors, caps, synthetics, and more
*	Cost-reducing hedge strategies, such as three-way collars, option spreads
*	How the market behaves, including how long bull and bear markets typically last, how contango or backwardation effects hedging, the impact of removing hedges
*	What hedge maturities should be used
*	Considerations for custom strategies
*	Developing policies and procedures

------------------------------------------------------------------------

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Two or More Early Bird:  $825.00
Regular:  $995.00
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(713) 624-1517 Reservations Fax
1750 West Loop South
Houston, TX  77027

For More Information Go To
www.kaseco.com/classes/derivatives.htm

This email has been sent to lindy.donoho@enron.com,
 by PowerMarketers.com.

Visit our Subscription Center to edit your interests or unsubscribe.
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meeting details below and EWS presentations attached (paper copies on the
way) with original mckinsey report

Elspeth
---------------------- Forwarded by Elspeth Inglis/Corp/Enron on 02/01/2001
02:15 PM ---------------------------

Gerry Gibson
01/31/2001 01:13 PM
To: David Oxley/HOU/ECT@ECT, Robert Jones/Corp/Enron@ENRON, Marla
Barnard/Enron Communications@Enron Communications, Elizabeth
Tilney/HOU/EES@EES, Gary P Smith/OTS/Enron@ENRON, Drew C Lynch/LON/ECT@ECT,
Jon_zagrodzky@mckinsey.com, Cindy Olson/Corp/Enron@ENRON,
suzanne_nimocks@mckinsey.com, dan_marcontell@mckinsey.com, Ray
Bennett/HOU/EES@EES, Kalen Pieper/HOU/EES@EES, Dave Schafer/NA/Enron@ENRON,
Elspeth Inglis/Corp/Enron@Enron, Gina Corteselli/Corp/Enron@Enron
cc: Norma Yeverino/HR/Corp/Enron@ENRON, Sandy Stone/Enron
Communications@Enron Communications, Ruth Ann Brown/HOU/EES@EES, Carolyn
Perry/OTS/Enron@ENRON, Rachael Adams/LON/ECT@ECT, Hilda
Bourgeois-Galloway/Corp/Enron@ENRON, Kathy McMahon/NA/Enron@Enron, Lisa
Costello/NA/Enron@ENRON, Julie Clyatt/Corp/Enron@ENRON

Subject: Feb. 2 Partnership & Peer-group Meeting Agenda

Hello Folks:

Enclosed is a proposed agenda / discussion outline for the Partnership &
Peer-group Meeting that will take place on Feb. 2 from 8:30 - 10:00 in
EB30C2. Please feel free to offer suggestions for improving this agenda.

Regards, Gerry Gibson


Please find attached Credit's EOL responses for 1/19/00.

Regards
Molly


Mark,
	Business Controls, which includes Corporate Security at Enron Corp, would like to conduct a security survey of Enron's offices in Denver.  I am tentatively planning on travel to Denver 10/18-10/19.  If I could impose on you to provide some information about the office it would help greatly in my planning.
	In particular, could you briefly describe the office(s); location, which floor, how large, how many employees, and any other Enron subsidiaries or offices in Denver.  Additionally, would you be my point of contact, or can you designate someone?  Lastly, if the above dates do not work for you, please feel free to suggest alternates.  Thank you in advance for your attention to this matter.

Mark C. Ringwelski
Systems and Architecture
Business Controls
Enron Corporation
Phone: 713/345-4625
Cell:     713/875-1869
FAX:    713/646-8838


The Government Affairs group is involved in diverse and complex activities.  Tracking and quantifying these activities is important for several obvious reasons - to keep upper management apprised of our activities; to illustrate the value added and risk managed by our group; and to keep each other properly  informed so that we can better coordinate our efforts.

	Currently, these activities take place on an ad-hoc manual basis, which is time-consuming and inefficient.  We have a tool already in place to track our activities - the Project Tracking database in Lotus Notes.  Currently this application is used primarily for RCR's, but beginning November 1, 2001, the Government Affairs group will use this application to track all projects and efforts  - replacing the need for manual updated spreadsheets and activity quantification "fire-drills".  The Projects have several features to allow capture of sub-sets of information, including Updates, Risk, Origination and Valuation.

	**  Please note that this will become the only way that we'll gather this information.  In other words, if you don't enter your data into Project Tracking, we won't know what you're doing! **( all other reports will be eliminated)

	The current Lotus Notes application will be discontinued as of October 31,2001 and will be converted to a web-based product.  You'll find the web-based version as easy or even easier to use than Lotus Notes.  Additionally, conversion to a new database structure will allow for more versatile report extraction.

	Before the conversion of the project data from Lotus Notes to Oracle, we need to do some data cleanup.  Please expect a call in the next two weeks from Elizabeth Linnell, Bryan Gottfredson, or Darran Binns to schedule some time with you in person or on the phone regarding your current project list, additional projects to add, and a brief overview of the new system.  Please feel free to call me if you have any questions and/or concerns.


Thanks for the kind words, Vince.  What a lovely way to start my Monday!

Molly

 -----Original Message-----
From:  Kaminski, Vince
Sent: Monday, April 02, 2001 7:40 AM
To: Magee, Molly
Subject: Re: Loan documents

Molly,

Thanks. You are the most dependable
person in Enron.

Vince

From: Molly Magee/ENRON@enronXgate on 03/31/2001 04:27 PM
To: Vince J Kaminski/HOU/ECT@ECT, Kenneth Parkhill/NA/Enron@ENRON
cc:
Subject: Loan documents

Just wanted to reassure both of you that I had not forgotten to draft these
documents.   I hope to have them complete some time during this next week and
will forward them for review.

Thanks,

Molly
x34804


Mark,

Thanks again for you quick help on the Totality NDA.  No word yet from them.

Below is an NDA from Sabre Corporation, which I received today.   As you may
know, Sabre is mostly known as a Global Distribution Services company (GDS),
chiefly providing an electronic distribution channel for airline seats to
travel agents and a growing group of internet purveyors.  ENW would like to
explore ways to help Sabre possibly create a new ticket distribution
platform, which may involve imparting the knowledge and systems we have used
in the development of EOL.   I would characterize our discussions as
exploratory.  See Supplement 1 or NDA for Sabre's characterization of
undertaking.

My legal-wannabe eye says you may have issues with paragraph 5, 7 and 9.
Let me know if I should provide you with anything further.  Brenda Crabtree's
number is below.  I assume she is with Sabre's legal group.  They seem fairly
intent on using their NDA.

Thanks
-John

 -----Original Message-----
From:  Brenda Crabtree <brenda.crabtree@sabre.com>@ENRON
[mailto:IMCEANOTES-Brenda+20Crabtree+20+3Cbrenda+2Ecrabtree+40sabre+2Ecom+3E+4
0ENRON@ENRON.com]
Sent: Friday, March  16, 2001 1:44 PM
To: Allario, John
Cc: Gary Potter; Kevin T Davis
Subject: NDA

John,
Attached is Sabre's NDA that Gary Potter asked me to forward to you for
review and signature.
If you have any questions please feel free to call me at 817-931-4674.
I will be out on Vacation 3/19 - 3/21, but will be checking email and
voice mail once a day.  If the NDA is acceptable you may sign both pages
2 and 3 and fax back to me at 817-967-4756.
thanks
Brenda

 - Enron NDA.doc


Let's wait until we all meet so we don't piecemeal the data to you, but you are correct in your assumption about transmission for the East.

Stacey

 -----Original Message-----
From: 	Yang, Zhiyun
Sent:	Tuesday, October 16, 2001 9:59 AM
To:	White, Stacey W.; Chen, Hai
Cc:	Evans, Casey; Vinson, Donald Wayne; Postlethwaite, John
Subject:	RE: volatility

Hi Stacey:

  Thanks for the background and insight information.

  For weekly options, if there is any, we are still using the monthly-daily blending formula, there's no different blending rules applied right now.

  From your email, I get it that for all deal types in East portfolio, no blending should be applied, this includes deals whose expiry frequency is embedded in the deal type but not explicitly specified (such as transmission deals) in deal entry.  If this understanding is correct, we'll need to make code changes, please let us know if we should start implementing that or wait till after the meeting.

  Thanks,

- Zhiyun

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Tuesday, October 16, 2001 9:42 AM
To:	Yang, Zhiyun; Chen, Hai
Cc:	Evans, Casey; Vinson, Donald Wayne; Postlethwaite, John
Subject:	RE: volatility

The blending vs. non-blending can be confusing and could potentially cause problems down the road so I would first like to make some general statements regarding the history or this change and what the rules should be as I understand them.

	Only the curves applicable to the East NERC regions are being marked as a daily and monthly volatility; therefore, no blending is needed for daily options (they point directly to the daily vols) or monthly options (they point directly to the monthly vol).  All curves applicable to the West NERC regions are still being marked as intramonth and monthly; therefore, blending is needed to provide a volatility for daily options.

	The best rules to be in place for the blending vs. non-blending would be based on curve.  East curves do not blend.  West curves do blend.  Therefore, ANY daily or monthly option in the East would not have to blend.  The potential problem that could be caused by making the rule apply to portfolios is that, for example, the East portfolio could potentially enter into an option at a West region (curve) and that transaction would need to use blended curves even though it is in the East portfolio.

	Options at a different expiry than daily or monthly is another problem.  Are there different blending rules embedded in the code for weekly expiration?  We still need to discuss this.

	I would be happy to all sit down and have a meeting concerning this issue whenever everyone is comfortable enough that we know all the current rules.  Let me know.

Stacey

 -----Original Message-----
From: 	Evans, Casey
Sent:	Tuesday, October 16, 2001 9:13 AM
To:	White, Stacey W.
Subject:	RE: volatility

Just wanted to make sure that you are in agreement with the fact that the items at the bottom still use blending......let me know what you think!

 -----Original Message-----
From: 	Chen, Hai
Sent:	Friday, October  12, 2001 2:48 PM
To:	Yang, Zhiyun
Cc:	Lee, Norman; Evans, Casey; Mattox, Michael
Subject:	RE: volatility
Importance:	High

Clarification 1,  I haven't come to East Power last March.  Therefore, the change must not be my request.
Clarification 2,  I like the change.
Clarification 3,  I do NOT have concerns about the difference itself, but it is scary that people (i.e., myself) don't know the difference exits.  I think your summary below is very valuable and I would like to make sure Risk team and other relevant people be aware of it.

Thanks
Hai

 -----Original Message-----
From: 	Yang, Zhiyun
Sent:	Friday, October 12, 2001 2:18 PM
To:	Chen, Hai
Cc:	Lee, Norman
Subject:	volatility

Hi Hai:

  Here's the logic about volatility.  Originally all volality is calculated as a blend of monthly and daily volatility.  From last March, based on your request, I made the changes for East and its mirrored portfolios (ENAWEATHER, ENACCO,PLANT,SVCE) only, and for option, spread and basis option only, that we use daily vol for daily option and monthly vol for monthly option.    The implication of that is that for

1. other portfolios,
2. other deal types such as Asian, Transmission Deal, index option ( which East does not have right now),
3. other expiry frequency, say, WEEKLY (which East does not have right now), or deals that doesn't have expiry frequency explicitly defined,

the blend approach will still be applied.  Please let us know if you have any concerns.

- Zhiyun


Vince -

This is the resume I told you about

P
----- Forwarded by Paula Corey/Enron Communications on 01/29/01 03:37 PM -----

	mateog@gofree.indigo.ie
	01/29/01 02:58 PM

		 To: Paula Corey/Enron Communications@Enron Communications
		 cc:
		 Subject: Resume Forwarded at Request of Brian Mihura

Dear Paula:

My name is Matt Gunning and I am a friend and former colleague of Brian
Mihura.  Brian mentioned that you would be interested in seeing my resume,
which I have attached.  If you have questions or need more information,
please contact me.  Thank you for your consideration.
 - att1.htm
 - Resume1.wps


---------------------- Forwarded by David Forster/Corp/Enron on 01/24/2001
05:59 PM ---------------------------

Naveed Ahmed
01/24/2001 05:57 PM
To: David Forster/Corp/Enron@Enron
cc:

Subject: Re: IPQoD product

---------------------- Forwarded by Naveed Ahmed/NA/Enron on 01/24/2001 05:58
PM ---------------------------
To: Naveed Ahmed/NA/Enron@ENRON
cc: Paul Racicot/Enron Communications@Enron Communications

Subject: Re: IPQoD product

Please proceed with implementing the product to go live.....

Thanks

John D. Suarez
Enron Broadband Services
Manager, Global Bandwidth Risk Management
Phone: (713) 853-5267
Mobile: (713) 443-5267
Pager:  (877) 307-9065

<mailto:john_suarez@enron.net>

	Naveed Ahmed@ENRON
	01/24/01 05:23 PM

		 To: John Suarez/Enron Communications@ENRON COMMUNICATIONS
		 cc: David Forster/Corp/Enron@Enron
		 Subject: IPQoD product

John,

As per our discussion of this afternoon, I am noting below the points that we
have discussed and agreed with respect to IP transport products, which were
originally set-up for video taping purpose for the analyst meeting on 24
January 2001.

As per your request, we will set-up the IP transport products in the product
manager in such a manner so that they can be traded in the future, which will
be some time next week, contingent upon 3 conditions to which you have
already agreed.

1.  The new GTCs and the product descriptions have to conform with  each
other (we are in the process of checking this).

2.  For the foreseeable future, the products have to  be displayed on
EnronOnline on daily basis (with the exception of holidays) with relevant
prices and
     must  be made available for trading with  approved counter-parties .

3.  As I mentioned to you over the phone, in essence this is a full scale
launch. Therefore, the cost associated with the launch of IP transports
products will
     be similar to that for  any other standard launch ( about US$ 250,000).
Further details on this will be provided to you shortly.  Obviously any cost
that your      group has   already incurred for the analyst demo  will be
netted off against the total cost of launch.

As I also explained to you that the normal operational  procedure for
EnronOnline mandates that any changes with respect to system/database take
place over the weekend. However, as you have indicated the necessity and the
urgency of giving the reading rights to your counter-parties by Friday, we
will endeavour to do so.  However, this will require substantial deployment
of additional resources to ensure that we do not compromise the integrity of
EnronOnline system while fulfilling your request.

If you have any questions, please let know.

Naveed


To all,

the following persons are responsible for Confirming the below commodity
types:

Nat Gas/Liquids: Janie Aguayo, Kevin Meredith, Derek Bailey, Joe Hunter

Weather:  Celeste Cisneros, Diane Anderson

Pulp/Paper:  Diane Anderson, Tiffany Williams

thanks,
Joe


Bob,

My husband and I will continue to keep Michael in our prayers.  By the way, I
really appreciate your updates.

I'm eligible to give blood again, so let me know when Michael needs more
donations.

Kay


hmm.  i think that you are lying.


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)

	"Salvatore, Maria" <Maria.Salvatore@pseg.com>
	05/23/2000 12:47 PM

		 To: "Carol St. Clair (E-mail)" <carol.st.clair@enron.com>
		 cc:
		 Subject: Enron's opinion

Carol - Do you have a "final" draft of your opinion for us to look at?
Please e-mail.  Thanks - Maria


FYI.  This is the bill to de-link the bonds from the DWR contracts (recall
that the argument to end DA by the Gov's finance folks, the bond folks, and
Angelides, the Treasurer stems directly from this linkage).

Though Hertzberg was initially a supporter, his legal consultant has been
scared off by the Gov's people (i.e., to de-link would "impair" the
contracts, triggering breach, liquidated damages and the end of Western
Civilization as we know it).  The Senate ain't buying that line.

As a result, it's now a Senate play, but they need Republicans to get the
2/3's necessary for passage, which ain't likely to be easy.  We urging Brulte
to go along, but only  in exchange for deleting the "no DA" language in AB1X
and for legislative language assuring that DA will continue.

Best,
Jeff

	"Scott Govenar" <sgovenar@govadv.com>
	07/17/2001 11:27 AM
	Please respond to sgovenar

		 To: "Ban Sharma" <ban.sharma@enron.com>, "David Leboe"
<David.Leboe@ENRON.com>, "Eric Letke" <eletke@enron.com>, "Jennifer Thome"
<Jennifer.Thome@enron.com>, "Ken Smith" <ken@kdscommunications.com>, "Bev
Hansen" <bhansen@lhom.com>, "Hedy Govenar" <hgovenar@govadv.com>, "Miyung
Buster" <Miyung.Buster@enron.com>, "Janel Guerrero"
<Janel.Guerrero@enron.com>, "Robert Frank" <rfrank@enron.com>, "Mike Day"
<MDay@GMSSR.com>, "Leslie Lawner" <Leslie.Lawner@enron.com>, "Harry.
Kingerski@enron. com" <Harry.Kingerski@enron.com>, "Karen Denne"
<kdenne@enron.com>, "Steven Kean" <Steven.J.Kean@enron.com>, "Alan Comnes"
<acomnes@enron.com>, "Susan J Mara" <smara@enron.com>, "Paul Kaufman"
<paul.kaufman@enron.com>, "Jeff Dasovich" <jdasovic@enron.com>, "Jim Steffes"
<james.d.steffes@enron.com>, "Rick Shapiro" <rshapiro@enron.com>
		 cc:
		 Subject: SB 18 (Burton) - Bonding

Attached, please find SB 18 (Burton) relating to bonds.  This is a regular
session bill with an urgency clause which means it requires a 2/3 vote.  The
bill language was formerly associated with ABX2 10 (Hertzberg).  The bill
could be heard by the Senate Energy Committee as early as today however as
of this moment it is still not on calendar.

http://info.sen.ca.gov/pub/bill/sen/sb_0001-0050/sbx2_18_bill_20010716_amend
ed_sen.pdf


I attach the latest stats for the website. We are still getting an average of
over 500 visitors per day, with an average stay of about 11 minutes.

I also attach links to the proposed additions to the website for this month.

We are adding two new educational sections describing risk management and
weather derivatives and a new calculator to give consumers an ability to
calculate how much their electricity costs will increase as fuel prices
increase. We have also improved the navigation around the site.

A feature article comparing the dereg experience in the telecom sector and
the tactics used by the incumbent monopoly NTT with the electricity sector
will follow shortly.

kind regards

---------------------- Forwarded by Nicholas O'Day/AP/Enron on 12/08/2000
07:44 AM ---------------------------

Mark Crowther

12/07/2000 07:11 PM
To: Joseph P Hirl/AP/ENRON@ENRON, Nicholas O'Day/AP/Enron@Enron, Jonathan
Whitehead/AP/Enron@Enron, Morten E Pettersen/AP/Enron@Enron
cc: Llewelyn Hughes/AP/Enron@Enron

Subject: Website Changes

This is a list of changes to the website which will go into production early
next week. The graphics in the text on the new pages are temporary to provide
an idea of content for the purpose of internal content review. In addition,
graphics for new links on the top page and a few features intended to improve
ease of use are currently under development and are represented by empty
boxes in the appropriate areas on screen.

I would be grateful if you would review the new pages for content and provide
feedback.

After review, the Japanese text (almost complete) and graphics will be added
and the new graphics will be added for testing next Monday.

1. New Fuel Price Adjustment Page  (Utilities are charging more from January
owing to rising fuel prices)
http://dev.enron.co.jp/services/cost.asp (New Graphic link on home page)

2. Fuel Price Adjustment Calculator (calculates extra fuel charge from
January 1 2000)
http://dev.enron.co.jp/services/cost_calc.asp (Link from fuel adjustment
indicator graphic on home page)

3. New paragraph introducing services with link to risk management
http://dev.enron.co.jp/services/default.asp

4. Six new pages introducing risk management tools (develop understanding of
risk management)
http://dev.enron.co.jp/services/risk.asp    (new text link (as in 1. above)
and graphic link in right column of services page)
http://dev.enron.co.jp/services/risk.asp?pg=2
http://dev.enron.co.jp/services/risk.asp?pg=3
http://dev.enron.co.jp/services/risk.asp?pg=4
http://dev.enron.co.jp/services/risk.asp?pg=5
http://dev.enron.co.jp/services/risk.asp?pg=6

5. Seven new pages introducing weather derivatives (promote weather
derivatives in Japanese market)
http://dev.enron.co.jp/services/weather.asp?pg=2 (new text link from weather
top page)
http://dev.enron.co.jp/services/weather.asp?pg=3
http://dev.enron.co.jp/services/weather.asp?pg=4
http://dev.enron.co.jp/services/weather.asp?pg=5
http://dev.enron.co.jp/services/weather.asp?pg=6
http://dev.enron.co.jp/services/weather.asp?pg=7
http://dev.enron.co.jp/services/weather.asp?pg=8

In addition, the following features will be amended or added.

1. What's New page
2. Alteration of design of benefits calculator (inclusion of volume units and
more compact design)
2. Mailing List option on all contact pages
3. New graphic navigation aid for longer articles to clarify link destination
4. California article to be added to home page news ticker.

A new article will also be added later next week on IT.

Rather than updating at the end of the month in the future, we intend to
update at the beginning of the month in the future. In addition to these
changes, we welcome any comments are potential new content for the website.

Regards
Mark


Start Date: 3/7/01; HourAhead hour: 10;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030710.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the
FINAL Individual Interchange Schedule.  Unable to assign deal number.


Attached is Indices of all projects as of 10/12/00. As you know, we will NOT
update in DealBench until next update date (maybe next Tuesday?). These
indices are currently matched with DealBench. Therefore, please wait until
next update date and let me know then what is your changes/update.

I will also create a new diskette. Thanks.

Jinsung Myung


I am pleased to announce the following promotions effective February 1 within
ENA Energy Operations.  These individuals have been promoted in recognition
of their outstanding performance and their contributions to the continuing
success of Enron North America. Please join me in congratulating these
employees on their promotions.

Promotions to Senior Director

Kristin Albrecht serves as Business Controller for ENA,s power business.
Along with Leslie Reeves, Kristin ensures that power transactions are handled
accurately and smoothly from beginning to end.  Kristin,s primary focus is on
risk controls and daily reporting of positions and p&l for East Power
trading, West Power trading and Genco operations.

Brenda Herod serves as Business Controller for ENA,s assets business, working
with the Gas Assets group and the Texas trading desk.  Her responsibilities
include global contracts and facilities, risk management, confirmations, gas
scheduling, volume management, settlements and regulatory compliance for
Houston Pipeline, LRC and Enron Midstream Services.

Leslie Reeves is a Business Controller for ENA,s power business, working
closely with Kristin Albrecht in managing mid and back office support for the
East, West and Genco power trading groups.  Her primary responsibilities are
documentation and settlements, with a focus on contract administration, cash
forecasting and cash management.

Mary Solmonson leads ENA,s Global Database Management Group, collecting and
validating information on our customers, contracts, pipelines and facilities,
as well as published prices.  These activities support overall Energy
Operations responsibilities from Risk to Logistics to Settlement.  In
addition, Mary has been instrumental in the promotion and implementation of
the Global systems across Enron to provide control, consistency, and common
data throughout the organization.

Promotions to Director

Scott Pleus serves as Business Controller for Enron,s Emerging Products.
These businesses include Bandwidth, Pulp and Paper, and Weather.  His primary
responsibilities include day-to-day functions of risk management,
confirmations, pulp and paper scheduling, and settlements as well as long
term system development.

Sheri Thomas led ENA,s natural gas off-system settlements function throughout
1999. Her responsibilities included cash forecasting, collections, and
accountability for receivables and payables for ENA,s gas business in the
East, West and Central regions of the US.  Sheri accepted a new assignment in
January 2000 and is now managing the Enron Online operations.

Promotions to Manager

Bennett Kaufman manages the risk management administration function for the
Equity Trading and Debt Trading groups.  He has also had experience in
supporting the options book for natural gas derivatives trading.  Prior to
joining Enron in early 1998, Bennett worked in trading operations for
investment banking firms in New York.

Richard McKeel is the Systems Integration Analyst within Global Database
Management, overseeing the change management process and new software
development needed to interface the Global applications with strategic
systems ) Sitara, Unify, EnPower, Solarc, SAP, and EnronOnline.

Other Promotions

Specialist to Senior Specialist:    Analyst to Specialist:

Sylvia Campos ) Deal Compliance Contract Records  Tara Eslick ) Financial
Trading Risk Management
Kam Keiser ) Gas Risk Management- Central Desk   Victoria Versen ) Gas
Logistics - East Desk
Phillip Love ) Risk Controls Operational Analysis
Jeff Coats ) Gas Risk Management - Central Desk
Monica Lande ) West Power Risk Management (Portland) Senior Clerk to Staff:
Trang Le )  Strategic Operations ) Project Unify
John Postlewaite ) East Power Risk Management  Anthony Campos ) Deal
Compliance Contract Records
Diane Seib ) Documentation (Calgary)     Kori Loibl ) Gas Risk Management -
Financial Books
Donnie Vinson ) West Power Risk Management (Portland)
Imelda Frayre ) Strategic Operations - Project Sitara
        Clerk to Senior Clerk:
Staff to Specialist:
        Leslie Smith ) Information & Records Management
Amy Degeyter ) Power Documentation    Melinda Whalen ) Documentation (Calgary)
Michael Nguyen ) Emerging Products Risk Management
Sherlyn Schumack ) Logistics Volume Management
Karie Hastings ) Strategic Operations - Project Sitara

In addition, Peggy Hedstrom and Brent Price were promoted to Vice President,
as announced in the memo issued by Enron Corp. Office of the Chairman.  Peggy
leads Energy Operations for Enron Canada, with responsibility for risk
management, documentation and gas logistics.  Peggy also serves as a key
interface with Canadian pipelines as a member of several industry
committees.  Brent is the Senior Business Controller for Gas Trading
Operations in the U.S.  His responsibilities include risk management,
confirmations, volume management and settlements for the East, West and
Central regions.  He also provides operational expertise in the due diligence
phase of the evaluations of joint ventures and acquisitions.


---------------------- Forwarded by Darron C Giron/HOU/ECT on 12/21/2000
06:12 PM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           12/21/2000 06:04 PM

To: energy_trading@jpmorgan.com, caputo_trading@jpmorgan.com
cc:
Subject: 12/21 Curves


sorry,,,your names were top on the list....but the computer didn't
"recongize" them????  weird.
---------------------- Forwarded by Cynthia Sandherr/Corp/Enron on 04/26/2000
01:42 PM ---------------------------

	From:  Cynthia Sandherr                           04/26/2000 01:33 PM

To: Joe Hillings/Corp/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON
cc: dwatkis@barcepatt.com, awenner@velaw.com

Subject: draft Gramm-Schumer Electricity bill

Today, by either fax, messenger, or hand-delivery, you will receive the 37
page draft electricity deregulation bill to be introduced next week by
Senators Gramm (R-TX) and Schumer (D-NY).  We have until Friday, April 28th,
3:00p.m. EST to offer our legal technical changes.  If you can return your
comments to me (hand-written comments on the document itself are fine), I
will communicate them directly to the Senators' offices.

WE MUST KEEP THIS DOCUMENT COMPLETELY CONFIDENTIAL FOR OUR INTERNAL USE
ONLY.  WE SHOULD NOT COMMENT TO PRESS OR OTHERS THAT WE KNOW THE DOCUMENT
EXISTS, NOR SHOULD WE DISCUSS THAT WE ASSISTED IN ITS WRITING.  THE POLITICS
REQUIRE THIS COURSE OF ACTION.

Next week, after the bill is introduced, I recommend we make public comment
in support of the legislation as it continues to move the process forward
towards bill enactment this Congress.

The bill contains a date certain of 1/1/2002; stranded cost recovery
language; PURPA 210 repeal, the bundled FERC authority for interstate
transmission and reliability plus the non-discrimination language we
successfully lobbied for and about which Congressman Barton is already aware
of Senator Gramm's support for Enron's position, PUHCA repeal, environmental
conditionality and tax provisions for publics, coop's and nuclear
decommissioning.  Although we successfully drafted and communicated our
transmission language to the Senators, their attorneys have made language
adjustments (pride of authorship) which our attorneys should confirm have not
caused material defect.  If so, we can suggest drafting changes by this
Friday.

All the language you have has been agreed to by both Senators.  The section
missing, the environmental provision, is the last section the two men will
work out this week and will be essential to final bill passage.  Their goal
remains addressing the grandfathered coal facilities and their disagreements
are technical in nature.  Namely:  do you disqualify pre-1971 constructed
coal facilities at a percentage responsible for a percentage of emissions (a
Republican approach) or do you qualify facilities which can operate ( a
regulatory approach favored by the Democrats)?  With the Bush/Gore
Presidential race in full swing, this issue brings ramifications and politics
to bear at the highest level.

As a further update on this issue:  tomorrow the Senate holds a hearing on
this issue with all four of the FERC Commissioners testifying, the
Mid-American group and the DOE Pro-Competition Stakeholder group are meeting
with each other to gain further consensus, plus both are meeting with NARUC's
Chuck Grey and Chris Mele to seek consensus.  I will attend all these
meetings for Enron and report back our continued progress.  Further, we are
scheduling Dr. Tabors and Enron's Bob Schultz for a Congressional Hill
briefing next week to discuss Dr. Tabors' research on the price spike as
proof Congress must make structural changes to the interstate rules plus
demonstrate Enron On-Line's ability to show market price inefficiency.
Finally, we will participate in a "team drafting" exercise with MidAmerican
on their compromise right of first refusal transmission language with Dan
Watkiss as our representative, with others represented by Bill Sherman, Besty
Moler and Randy Davis.  This is an effort to include the Bennett Johnston ACE
group into the MidAmerican fold.  We did get MidAmerican to add the
separation of market and transmission function language in the context of the
RTO language.

Much progress continues even though the House is not in session this week.
The month of May will provide opportunities for Enron to continue
intensifying our legislative efforts.  To date, the strategy we at Enron laid
out months ago is playing out with the two tracks of consensus and
reliability crisis both receiving traction.  We just need the dominoes we
successfully laid out the strategy for months ago to continue falling.

Please feel free to call me should you need additional information or have
any questions.


EES sold for July 2000:

North Atlantic  2864
Kenilworth(Sithe) 337

LC


Per my voice mail, Wanda is still the lead on this initiative.  From our conversation in your office, I had assumed that this would change.  Apparently has not to date.

Rick Buy and I are scheduled to get together tomorrow for an hour.  My intent had been to review operational risk reports and information with him and to suggest an approach for meeting his objectives.  He has added Wanda, Debbie Brackett, Bill Bradford and David Port to the tomorrow's meeting since our first point of discussion will be a joint project that Rick and I are sponsoring.  Unless he pairs down the group in tomorrow's meeting after our first topic, I doubt that we will be able to discuss follow up on our conversation in your office regarding operational risk.  --Sally

 -----Original Message-----
From: 	Curry, Wanda
Sent:	Thursday, October  11, 2001 5:44 PM
To:	Kilchrist, Shawn; Parsons, Andrew; Bharati, Rakesh; Kohli, Sandeep; Walker, Mark A.; 'john.e.sorrells@us.andersen.com'
Cc:	Beck, Sally
Subject:	Operational Risk Management

I want to move forward with scheduling the initial meeting of the Operational Risk Management task force.  How does Tuesday, October 16th and the afternoon of Thursday, October 18th look for everyone?  Please let me know your schedule for both of these dates.  Most of the task force members have been identified, with the exception of those from GRMO and IT.  Sally Beck will identify representatives from these two areas.  I would also expect that other individuals may be consulted from time to time as additional expertise or resources or required.

I intend to schedule a two-hour block of time for this meeting.  The agenda will include, at a minimum,  the following topics:

	Definition of Operational Risk for  Enron - What's in and What's Out
	Preliminary Goals for Operational Risk Management (to be refined by the group)
	     Develop Common Language
                 Identify Framework for Monitoring Risk
	     Role of this task force  - Strategy
	     Set common objectives for implementation this year and a look forward to 2002
	Current Initiatives
	Communications Plan
	Open Discussion - Other Ideas from the group
			  - Suggestions re other groups/individuals to include on the task force

I am excited about leading this initiative for Enron.  We have a unique opportunity to define operational risk measurement for Enron, develop reporting guidelines, and provide qualitative assessments of operational risk, all of which will be considered during the risk capital allocation process.   But most importantly, we can identify ways to mitigate Enron's exposure to operational risk.  Please call if you would like to discuss any of the above prior to the meeting.

Thanks,
Wanda Curry


Please find attached the Global Markets Monitor for the week ending 12
January 01

Maureen Raymond-Castaneda and
Gwyn Koepke


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

The NYISO is reserving hours beginning 05:00, 10:00, 13:00, 19:00 - 20:00, and
22:00 - 23:00 in the April
17, 2001 Real-Time Market as well as the following hours per ECA20001006B to
verify prices:

PJM:  03:00-04:00
NE:   01:00-06:00
HQ:   01:00, 03:00-04:00, 15:00
OH:   03:00-04:00
The prices for the April 18, 2001 Day-Ahead Market are correct.