Here is follow-up research on the question of whether we could remove a
criminal case against Enron to federal court.  It is not as promising as we
first thought.

Thanks
Gary

> -----Original Message-----
> From:	Smith, Amanda D.
> Sent:	Thursday, May 24, 2001 5:59 PM
> To:	Fergus, Gary S.
> Cc:	Molland, Michael E.; Meringolo, Peter
> Subject:	Enron: Response to Criminal Charges
>
> Gary,
>
> Our earlier preliminary research reflected the fact that, although it will
> likely be difficult, it may be possible under the primary jurisdiction
> doctrine to refer criminal charges to FERC, given the criminal penalty
> provisions of the Federal Power Act.  However, as it becomes more clear
> that, if criminal charges are to be filed, they will be filed in
> California, it is necessary to revisit and expand this earlier research.
>
> We noted earlier that there is a body of substantive law dealing generally
> with the question of whether criminal proceedings are subject to the
> primary jurisdiction doctrine, but no case which considered this question
> with respect to the Federal Power Act specifically.  Based on this, we
> concluded that it may be possible, if difficult, to argue that criminal
> charges should be referred to FERC under the primary jurisdiction
> doctrine.  An expansion of this research reveals that this potential for
> referral appears to only be applicable to federal criminal charges.
>
> State criminal charges are not removable under 28 U.S.C. Section 1441,
> which provides that:  "[e]xcept as otherwise expressly provided by Act of
> Congress, any civil action brought in a State court of which the district
> courts of the United States have original jurisdiction, may be removed by
> the defendant or the defendants, to the district court of the United
> States for the district and division embracing the place where such action
> is pending."  Moreover, our research has revealed no case in which state
> criminal charges were referred directly to any federal regulatory agency.
>
>
> However, our research has revealed another alternative to removal or
> referral of criminal charges.  See generally Sprint Corp. v. Evans (M.D.
> Al. 1993) 818 F.Supp. 1447; Sprint Corp. v. Evans (M.D. Al. 1994) 846
> F.Supp. 1497.
>
> In 1993, the Attorney General of Alabama began an investigation of Sprint
> Corporation, an international telecommunications company acting as a
> "common carrier" within the meaning of the federal Communications Act.
> Sprint, among other things, provided a "1-800" service to subscribers
> pursuant to tariffs filed with the FCC.   To use these "1-800" numbers, a
> caller places a call through a local telephone company, who connects the
> call to a long distance carrier such as Sprint, who generally then
> connected the call to the "1-800" subscribers local telephone number.
>
> In February 1993, Sprint received a subpoena from the Montgomery County
> Grand Jury commanding it to appear and produce all records relating to the
> "1-800" service.  Sprint produced the documents and learned that it was
> under investigation for violation of Alabama's obscenity laws in
> connection with allegedly obscene content distributed over telephone
> lines.
>
> In March 1993, Sprint filed a motion for a temporary restraining order
> (TRO) and a preliminary injunction seeking to enjoin the Alabama Attorney
> General from pursuing a criminal indictment against Sprint for violation
> of the obscenity law.  Sprint maintained enforcement of the anti-obscenity
> law would interfere with federal statutory rights because regulation of
> interstate communications is within the exclusive jurisdiction of the FCC.
> At the TRO hearing the Attorney General could not testify that the
> prosecution was not imminent and, therefore, the court issued the TRO.
>
> Later in March, the Court decided Sprint's motion for a preliminary
> injunction.  Sprint Corp. v. Evans (M.D. Al. 1993) 818 F.Supp. 1447.  At
> the hearing on this motion, counsel for the Attorney General stated that
> the Attorney General's position regarding Sprint's criminal liability
> under the obscenity statute related to the its obligations under that law
> when a telephone customer complains that a "1-800" subscriber's message is
> offensive.  According to counsel, if a customer complains, Sprint is
> obligated to either report the complaint to a prosecuting attorney or
> begin a declaratory judgment action against the subscriber.
>
> The District Court granted the preliminary injunction.  The court held
> that, under the relevant Eleventh Circuit test for determining whether a
> preliminary injunction should issue, the movant must show:  "(1) a
> substantial likelihood that she will ultimately prevail on the merits;
> (2) that she will suffer irreparable injury unless the injunction issues;
> (3) that the threatened injury to the movant outweighs whatever damage the
> proposed injunction may cause the opposing party;  and (4) that if issued,
> the injunction would not be adverse to the public interest."   Sprint, 818
> F.Supp. at 1452.
>
> Before the Court considered the first element of this test, the Court
> addressed the contention that the District Court had no jurisdiction.  The
> Court held that: "[t]he Supreme Court, however, has held that federal
> courts have federal-question jurisdiction under 28 U.S.C.A. S 1331 to
> entertain suits to enjoin state officials from interfering with federal
> statutory rights."
>
> The Court then held that there was a substantial likelihood that Sprint
> would prevail on the merits because "to the extent that the Alabama
> anti-obscenity statute attempts to impose reporting requirements on
> communications by common carriers, it is interstate in nature and
> preempted by federal law.... The statute is being used as a mechanism to
> impose new reporting requirements on common carriers with regard to their
> 800 service.   Currently, under federal law, common carriers do not have
> an affirmative obligation to investigate whether their facilities are
> being used by customers for a lawful purpose."  (Importantly, the Court
> did not reach the question whether the Communications Act preempts all
> Alabama laws imposing liability for conduct of common carriers in the area
> of obscenity.  The Court also rejected the Attorney General's argument
> that a Younger abstention was necessary.)
>
> The Court disposed of the last three parts of the preliminary injunction
> test easily.  First, the Court held that irreparable harm would result
> because "an indictment against Sprint would cause great harm to its
> business reputation and would jeopardize its status as a government
> contractor."  Second, the Court held that the potential harm to Sprint
> outweighed the potential harm to the Attorney General because "although
> the Attorney General relies on a state statute directed at the prosecution
> of the distribution of obscene matter, the Attorney General really seeks
> to impose interstate reporting requirements on common carriers--in other
> words, the generic proceeding at issue is the regulation of interstate
> telecommunications by common carriers outside the context of the
> distribution of obscene matter.  The Attorney General clearly has no
> interest in such interstate regulation."  Third, the Court held that the
> "preliminary injunction serves the public interest by ensuring that the
> national interest in fulfilling the goals of the Federal Communications
> Act."  Sprint, 818 F.Supp. at 1460-61.
>
> In a separate decision, almost a year later, the District Court granted,
> in part, Sprint's motion to refer certain issues to the FCC under the
> doctrine of primary jurisdiction.  Sprint 2, 846 F.Supp. at 1501.  Prior
> to this motion, the Alabama Attorney General changed its allegations
> regarding the illegality of Sprint's conduct under the obscenity law --
> now alleging that Sprint was not criminally liable because of a failure to
> report, but because of a aiding and abetting theory.
>
> The District Court held, in brief, that  "(1) referral to FCC under
> primary jurisdiction doctrine was warranted with regard to question of
> whether common carriers, consistent with Communications Act, may refuse to
> carry information provider's program transmitted as "1-800" service if
> program contains sexually explicit information that has not been
> adjudicated obscene, and (2) referral to FCC was not warranted with
> respect to question of whether attempted criminal prosecution of
> interstate common carrier under state's antiobscenity laws for knowingly
> transmitting potentially obscene or obscene telephone communications
> through its interstate "1-800" facilities is preempted by Communications
> Act."  Sprint 2, 846 F.Supp. at 1497.  The Court then ordered that the
> record of the case be transmitted to the FCC, that the preliminary
> injunction remain in effect and that all motions would be denied without
> prejudice until after the FCC rendered its decision.
>
> Obviously, no analysis of the criminal charges against Enron can yet be
> made, but there is a significant chance that Enron may be able to cast any
> criminal charges filed by the California Attorney General as "regulatory"
> in nature.  Moreover, given relative lack of effect the Alabama Attorney
> General's change in position in the middle of the Sprint case, the
> "regulatory" aspect of the charges may not be as important as it may seem
> in the first Sprint holding on the preliminary injunction.
>
> Please let me know if you would like me to pursue this further.  My
> research has not yet revealed any case that is factually similar to the
> Sprint case.
>
>
>
>
>
>
>
>

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Mike McConnell asked me to contact you to set up a 30 minute appointment with
him and Jeff Shankman for next week.. Please let me know if you will be
available at 4:30 p.m. on Tuesday, 10/17, or 3:30 p.m. or 4:00 p.m. on
Thursday, 10/19.

If none of these times will work for you, I will be happy to work with you on
some other times.

Thanks.

Cathy P.
X-36898

D'Arcy Carroll@ENRON
10/11/2000 01:47 PM
Sent by: Monica Matias@ENRON
To: Greg Whalley@ECT, Mike McConnell/HOU/ECT@ECT, McMahon@ECT
cc:
Subject: CV - expat relocation

I've forward separate e-mails to each of you initiating both my interest to
introduce myself for consideration to working within your respective groups,
but also including some commercial ideas relative to the South American
region and elsewhere.

I would ask at your convenience for confirmation of your interest, or not,
and availability for meetings during the week of Oct 16th-20 in Houston.

I am available, in the meantime, to respond to any information you need,
including clarifying any of my experience at or prior to Enron.

Thank you in advance for any effort extended in my behalf.


Jason,

Thank you for the revised draft and for the amendments you made.  As we
discussed in our last conversation, I needed to more fully review the issue
of letters of credit being posted as Eligible Credit Support.  I have done
so and had some additional comments as a result.  In addition, there were
some other items that I asked to be amended that weren't addressed.  I
thought it would be easier for me to just blackline your draft rather then
sending you a list of comments (see attached).  Perhaps we can use this
draft as a basis for a discussion of the remaining open items.

I will be leaving for vacation on Wednesday afternoon.  If you've had a
chance to prepare, we can talk before then.  If not, then we can pick this
up after I return on August 7th.

I look forward to hearing from you.

Regards,

Suanne
212-892-6280
 <<ECT Investments-DLJIC Enron form.doc>>

> -----Original Message-----
> From: Jason.Peters@enron.com [SMTP:Jason.Peters@enron.com]
> Sent: Thursday, July 06, 2000 4:00 PM
> To: sdunn@Dlj.com
> Cc: Sara.Shackleton@enron.com
> Subject: ISDA Agreement between ECT Investments, Inc. and DLJ
> International Capital
>
> Suanne,
>
> Attached for your review, please find a blacklined copy of the
> above-referenced Agreement marked to show changes to draft of April 21.
> Please call me at 713-853-9720 with any comments or questions.
>
> Thanks,
>
> Jason
>
> (See attached file: DLJ International Schedule R.doc) << File: DLJ
> International Schedule R.doc >>

 - ECT Investments-DLJIC Enron form.doc


Faith:

Please find the attached budget for TX Gas Orig per Louise's request.  I have compared the budget distributed by David Vandor to the budget submitted to the Office of the Chair last September (adjusted for a smaller head count).  This is located under the Natural Gas Orig - Texas tab in the attached spreadsheet.

My main comments are as follows:

1.  Travel and Entertainment seems a bit low as we need to be meeting with/signing up/marketing to a new customer base.
2.  NetCo will need to pay for outside engineering and technical services as our in-house staff has been reduced (pipeline mapping, flow analysis)
3.  The Supplies number for NetCo seems low given past expenditures.

Please call or email me if you need anything else.
Brian (713-853-1839, m:713-705-4591)


oops, no attachment.


Alma.......you created a monster!!

 -----Original Message-----
From: 	Kuehl, Toby
Sent:	Thursday, January 10, 2002 10:02 AM
To:	Lokey, Teb
Cc:	Green, Alma; Brady, Andy; Matheson, Maggie; Carter, Zuela; Clapper, Karen; Bastida, Nancy; Eldridge, Dale; Laferla, Lynda ; Collins, Marion; Howard, Jack; Hanagriff, Richard; Draemer, Mary ; Trevino, Linda; Studebaker, James ; Rivers, Cynthia; Mulligan, Amy; Kowalke, Terry; Schoolcraft, Darrell; Kovalcik, Tammy; Buehler, Craig; Betancourt, Ramona ; Salinas, Marian; Brown, Elizabeth; Lichtenwalter, Blair; Thompson, Debra; Doll, Jeanette; Paschal, Zelda; Veatch, Stephen; Culwell, Christi; Allen, Kelly; Studebaker, James ; Carpenter, Nancy; Giambrone, Laura; Scott, Donna; Dietz, Rick; Barnes, Caroline; Scott, Donna; Buehler, Craig
Subject:	RE: Paper Situation

To SADIST Organization (Just plain "Sad" for short)
You will NOT be able to undermine the EPLF, CCA, and DITPAC presence in the bathrooms, kitchens, Energizer and /or Plaza Java.  We are the largest organization in the Enworld!  We are well-equipped with large communication networks that spread clear across the street.  DITPAC has since joined EPLA and CCA to destroy you inhumane network that does nothing but exploit the "toaster gap." Our new cartel will now be known as S.K.I.L.L.I.N.G. (Supreme Knowledge in Living Large in Natural Gas).
These threats you have mentioned below have been sent to the EPLF, CCA, and DITPAC Cartel and we discovered that we don't even use toilet paper or napkins... big threat!
We will only return the toaster and blender under the following conditions :
1. Paper supply remains in high demand for our organizations.
2. SADIST group join forces with S.K.I.L.L.I.N.G. to form a kinder gentler Enworld.
and finally
3. Unlimited access to caffeine-laced products for our friends at DITPAC.
 Regards,
The S.K.I.L.L.I.N.G. Cartel

 -----Original Message-----
From: 	Lokey, Teb
Sent:	Thursday, January 10, 2002 9:02 AM
To:	Brady, Andy; Kuehl, Toby
Cc:	Green, Alma; Matheson, Maggie; Carter, Zuela; Clapper, Karen; Bastida, Nancy; Eldridge, Dale; Laferla, Lynda ; Collins, Marion; Howard, Jack; Hanagriff, Richard; Draemer, Mary ; Trevino, Linda; Studebaker, James ; Rivers, Cynthia; Mulligan, Amy; Kowalke, Terry; Schoolcraft, Darrell; Kovalcik, Tammy; Buehler, Craig; Betancourt, Ramona ; Salinas, Marian; Brown, Elizabeth; Lichtenwalter, Blair; Thompson, Debra; Doll, Jeanette; Paschal, Zelda; Veatch, Stephen; Culwell, Christi; Allen, Kelly; Studebaker, James ; Carpenter, Nancy; Giambrone, Laura; Scott, Donna; Dietz, Rick; Barnes, Caroline
Subject:	RE: Paper Situation

To EPLF and its sympathizers:   Unless the toaster is returned immediately, SADIST will commence an escalating series of  actions designed to bring all such terrorists to their knees.  We realize there may be some collateral damage, and for this we are truly sorry.  But we must end toaster terror forever.  Beginning at 0900 hours on 10 January 2002, SADIST will commence the following series of actions (each subsequent action will commence 2 hours after the preceeding sanction):
1. All deliveries of new business cards will be suspended
2. Napkins and paper towels will be removed from the kitchens
3. Post-it notes will be confiscated from all locations
4. Paper towels will be removed from all bathrooms
5. Toilet paper will be removed from all bathrooms ( Enron stock certificates will be issued for humanitarian reasons)

If the toaster still has not been returned, SADIST will be forced to remove all COFFEE FILTERS from the building, including the Energizer and Plaza Java.  Do not doubt our will to use this ultimate weapon, after all we are SADIST.

 -----Original Message-----
From: 	Brady, Andy
Sent:	Wednesday, January 09, 2002 2:25 PM
To:	Kuehl, Toby
Cc:	Green, Alma; Matheson, Maggie; Carter, Zuela; Clapper, Karen; Bastida, Nancy; Eldridge, Dale; Laferla, Lynda ; Collins, Marion; Howard, Jack; Hanagriff, Richard; Draemer, Mary ; Trevino, Linda; Studebaker, James ; Rivers, Cynthia; Mulligan, Amy; Kowalke, Terry; Schoolcraft, Darrell; Kovalcik, Tammy; Lokey, Teb; Buehler, Craig; Betancourt, Ramona ; Salinas, Marian; Brown, Elizabeth
Subject:	RE: Paper Situation

It has come to the attention of the Dedicated Information Technology Programmers Addicted to Caffeine that we are somehow getting the short end of the stick in these negotiations.  We are generally used to this, but this is the last straw!  Being an often overlooked faction in these wars, we are however, very powerful.  Unless you provide us with the affricated drinks we require to survive, we will sabotage these negotiations.  We start by asking the following questions:  What are your requirements for paper?  Have you documented these requirements.  What is the cost justification for ordering this paper?  What printers are you using?  Does IT have to support these printers?  That will cost extra money.  What were the different requirements surrounding your use of the toaster?  Do you toast bread and waffles?  What other uses do you have for the toaster?  Anything not specifically included in your written requirements will be rejected as a scope enhancement and will cost more money or cause a delay in the return of your toaster.

To avoid further delays in the negotiations, please deliver bribes in 6-packs of 24-ounce bottles of the following:  Dr. Pepper, Mountain Dew, RC Cola, Jolt.  These payments should be left in the kitchen refrigerator so that they will be cold when we drink them in the morning.

Remember, paper without a working printer is the wrong print queue.  A toaster without power is a metal storage box.  We have the power and will use it.

DITPAC Command

 -----Original Message-----
From: 	Kuehl, Toby
Sent:	Wednesday, January 09, 2002 1:43 PM
To:	Green, Alma; Matheson, Maggie; Carter, Zuela; Clapper, Karen; Bastida, Nancy; Eldridge, Dale; Laferla, Lynda ; Collins, Marion; Howard, Jack; Hanagriff, Richard; Draemer, Mary ; Trevino, Linda; Studebaker, James ; Rivers, Cynthia; Mulligan, Amy; Kowalke, Terry; Schoolcraft, Darrell; Salinas, Marian; Kovalcik, Tammy; Lokey, Teb; Buehler, Craig; Betancourt, Ramona
Subject:	RE: Paper Situation

We are willing to sit at the table and negotiate.  SADIST has pushed us to the brink!  We have infiltrated the SADIST camp and now are in possession of a toaster, AND blender.  We have joined sides with EPLF to demand that our paper supply stays in high demand.  If our demands are not met by the end of today, we will be forced to sign over all our Enron stock options to your organization.  This will cause your organization to implode!!

CCA (Crumb Crunchers of America)

 -----Original Message-----
From: 	Lokey, Teb
Sent:	Wednesday, January 09, 2002 11:21 AM
To:	Buehler, Craig
Cc:	Green, Alma; Studebaker, James ; Carpenter, Nancy; Giambrone, Laura; Veatch, Stephen; Kilmer III, Robert; Lichtenwalter, Blair; Thompson, Debra; Doll, Jeanette; Paschal, Zelda; Culwell, Christi; Allen, Kelly; Dietz, Rick
Subject:	Toaster

We will never negotiate with toaster terrorists!  We will eat raw bread forever rather than turn over a single sheet of paper - or even a single chad - to those who would resort to such extortion.  If we give in now, we will only encourage such acts in the future.  First our microwaves, then our filtered water dispenser, then our refrigerators will become targets of these evil doers.  Rather, we will hunt down those responsible for this dastardly act, and bring them to justice or justice to them.  We will also go after any department supporting the evil doers as well as anyone who partakes of bread (or Eggos or pop tarts) toasted in the purloined appliance!

EPLF -- you're TOAST!!!!!

	       Small Appliance Defenders In Support of Toasters  (SADIST)

-----Original Message-----
From: EPLF
Subject: FW: Paper Situation

We have your toaster!!!  You'll get it back when our demands are met.
Leave 4 boxes of 8 1/2 x 11 paper (no damn 3 hole punch paper either)
under the TV on the west end of the 39th floor and you'll be toasting
away within a few hours.  This isn't from Craig; we've hacked into his
email...

Enron People's Liberation Front (EPLF)...

-----Original Message-----
From: Green, Alma

Getting paper for the floor is out of my hands.  I have had three calls this morning plus a note left on my desk to order paper.
Donna Scott is working with the mail room.

Our toaster that Rick Dietz bought when we moved down here is missing this A.M.  Has been reported to Facilities who will report to Security.  If anyone knows anything, would you please let me know!

	Tnx, Alma G.


pls print.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 04/10/2000
05:59 PM ---------------------------

Steven Harris
04/10/2000 02:54 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Gallup One Time Payment

FYI
---------------------- Forwarded by Steven Harris/ET&S/Enron on 04/10/2000
02:53 PM ---------------------------

James Centilli
04/10/2000 02:35 PM
To: Rod Hayslett/FGT/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON
cc: David Foti/ET&S/Enron@ENRON

Subject: Gallup One Time Payment

Please find attached an explanation of how the $2.8M was negotiated from Dave
Foti and myself.  The other file attached is the calculations per the
contracts we executed with ESC and the earnings impact, if we agree with ESC
new one time payment.

 The economic benefit  to be derived from this change may or may not be
achieved, because it is dependent on ESC and TW ability to avoid the peak
demand  charge.  ESC has an obligation in the contract to assist TW in
developing a system to monitor and avoid the peak demand charge.  If ESC
receives this benefit in  the one time payment, TW may lose any leverage we
have.  The demand payment includes full payment of these peak demand charges
with ESC rebating the
 cost on a monthly basis, if these charges are avoided.

 If we need to develop our negotiating strategy before we meet with ESC on
Wednesday, please advise.

 Dave Foti & James Centilli


Hi Rebecca -

In fact, the Consul General of Ghana, Jack Webb, has called Ken asking him to
meet with the Ambassador to Ghana March 10 or 11 when he will be in Houston.
I had put a message on Ken's messages last evening asking if you could handle
this if you are available, so hopefully he will say yes - especially after he
sees your message.

Rosie

Rebecca McDonald@ENRON_DEVELOPMENT
02/29/2000 11:51 AM
To: Kenneth Lay@ENRON
cc:
Subject: Ghana

Ken.

I wanted to get back with regarding your question of Ghana.  You might
remember that Ralph Hodge had indicated to you that you may well be hearing
from the Ghanaian Ambassador.  Ralph believes that he will try to facilitate
a meeting between you and Chevron.

We have been working Ghana pretty hard, including the West African Gas
Pipeline, the Effasu Power Project, a marketing company and a host of other
possibilities.  We have told the Ghanaians that with what is going on right
now in Nigeria, the loss of projects in Cote d'Ivoire due to the coup d'etat,
and the lack of speed in moving forward in Ghana , that we are slowing down a
bit to determine if we can resolve current projects before taking on
additional ones.

Clearly this is a bit of a "cop out".  I am reluctant to tell Ghana that we
are slowing down generally in Africa because I don't want to hurt the barge
deal or jepordize the possible resolution of the large snowball in Mozambique
and there is truth to the Cote d'Ivoire and Nigeria issues.  And, of course,
I don't want to alienate Ghana generally.  I have a good relationship with
the Ambassador from Ghana, in fact, I just got a postcard from him two days
ago, and when he returns to the US he has indicated that he will call me.  I
will deliver this message, hopefully diverting the call to you.  If he does
get to you first, he won't be upset for you to send him on to me, I don't
believe.

If there is any clarification, please give me a holler.  I hope the office
opening has gone well.  I've extracted many a promise from participants to
drink a pint for me.

Regards
Rebecca


Is this still an active case? If so, I'd like to get  a status report. Who is
handling(inside and outside)

	Richard B Sanders
	01/21/2001 10:23 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: NGX Litigation and Outside Counsel

----- Forwarded by Richard B Sanders/HOU/ECT on 01/21/2001 10:27 AM -----

	Peter Keohane
	12/19/2000 10:09 PM

		 To: James Derrick/Corp/Enron@ENRON
		 cc: Mark E Haedicke/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
		 Subject: NGX Litigation and Outside Counsel

Jim (and Richard) my apologies.  In the pace of the year-end I forgot to
inform you of a piece of litigation commenced by Enron Canada.  The
litigation is against NGX Canada Inc. and Canadian Enerdata, and their
shareholders, Westcoast Energy and OM Groupen for NGX, and Richard Zarzeczny
for Canadian Enerdata.

It is somewhat complicated.  In brief, NGX operates an electronic natural gas
trading brokerage which suffered competitively after the onset of Enron
Online, and Enerdata publishes the only available and reliable natural gas
indices for our market.  Traditionally the indices were based upon a
comprehensive survey of fixed-price physical gas transactions over the broad
market.  Presumably to coerce business onto the NGX system, and with two
days' notice, NGX purchased the right to calculate the indices (as opposed to
Enerdata itself or the publication itself) and changed the methodology for
the indices to include only trades completed on NGX's system.  The result is
the indices are, for contractual purposes, quite cleverly unchanged and
therefore still as described in hundreds of our trading contracts and
thousands of transactions, but in substance have been changed to represent
only NGX's segment of the market, which introduces unmanageable volatility
and unreliability, and is affected by other limitations such as the ability
to trade with NGX for a variety of reasons, including credit restrictions or
electronic failure. [ex.  We have contracts to buy and sell Coke, somebody
bought the formula for Coke, changed it to Sprite, put the Sprite in the Coke
can, such that we are now forced to buy and sell Sprite under the auspices of
contracts to buy and sell Coke.]

In any event, no commercial alternative was viable, and we decided to
commence a law suit based upon interference with economic relations,
interference with contractual relations, breach of obligations of good faith,
civil conspiracy and passing off.  All are viable claims but difficult to
prove.  We have to get past simply being outsmarted.  We have also decided
not to involve regulators or antitrust enforcement.  The discovery process
will be key, and we hope to influence a commercial result that includes all
electronic trading systems, including Enron Online, into the indices. The
lawsuit is for injunctive relief (which will be particularly difficult) and
damages of C$100MM.  We hope to garner industry support, but to date and as
usual, many parties agree with our position but are not willing to get
involved.  Some competitors are also happy to segregate Enron Online from the
rest of the market.

In terms of counsel, we initially were going to use Robert Anderson of Blake
Cassels & Graydon, who we have used on many matters, but Blakes was
conflicted after the injunction papers were served.  We had to find
replacement counsel on short notice and, with the recommendation of Blakes
but based primarily on my prior experiences, retained Clarke Hunter of
Macleod Dixon.

My apologies for not letting you know sooner.  I had discussed the matter
with Mark before commencing the suit, and Mark asked me to drop you and
Richard a line, but I simply forgot.  If you have any questions or concerns,
please call at 403.974.6923.  If I don't hear from you, all the best for the
holidays.

Peter.


<<92890_1.DOC>>
Ruth,
Here's the revised MRT letter. I will let you know as soon as I hear any
additional news from Steve Mahon regarding Creditor Committee approval.
Hopefully, yo will be able to send it to MRT before they file their
motion.
Shemin
 - 92890_1.DOC


The Methanol plant has determined extensive repairs are needed, including
replacement of piping and retubing of 2 of the 3 preheat exchangers.

It appears that the plant will be down until the last week of the month.  At
a minimum, the plant will be down until the middle of next week.    A better
estimate of downtime will be available by tomorrow afternoon.


FYI

Vince


Attached below is the business plan for the Texas region.   Please let know if you have any questions.
Thank you,
JD Buss


Hi Nina -

It is highly doubtful that Mike will be available to attend the Art Committee
meeting since his big 2001 budget meeting with Mr. Lay and Mr. Skilling will
begin at 2:00 p.m. on that same day.

Can you do us a big favor and please also send the Art Committee messages to
me.  When Mike is traveling it makes it much easier if I have been copied on
messages that involve putting meetings on Mike calendar.

I hope all is going well for you.  Thanks so much.

Cathy P.
X-36898

From: Nina Garcia on 11/03/2000 10:11 AM
To: lfastow@pop.pdq.net, Mike McConnell@enron.com,
Jeffrey.A.Shankman@enron.com, bwalker@mfah.org, nrifkin@menil.org,
bonny_mcloud@gensler.com, Ken.N.Byrd@enron.com, bdonova@enron.com
cc: lmcbride@menil.org
Subject: ART COMMITTEE MEETING

This is to confirm that there will be an Art Committee meeting on Tuesday,
November 7, at 1:30 p.m. in conference room 461 of the Enron Building.  We
realize that some of the committee members will not be able to attend.


All,

If you are receiving this email, then you have been selected as a review for one of my employees. My goal is to have a high level of excellence for IT support and I am unable to attain that for you the customer without your feedback. Your feedback on their performance is key for the PRC process as well has ensuring that you have the best support for your business possible.

The PEP system closes for feedback on May 25. If you do not intend to complete the feedback forms for my employees, please click on the decline button today so I can submit for another reviewer in your place.

Regards,

Dan Dietrich


I would love to have the plants as long as they can take direct sun...can
they?

Did you see on the news last night that they arrested 44 people for
participating in that pyramid scheme you were telling me about?  There's an
article about it in the KHOU TV website.

	"Patti Young" <pyoung@pdq.net>
	09/21/2000 02:27 PM

		 To: <Tana.Jones@enron.com>
		 cc:
		 Subject: Re: An Update

Thanks for the info.  I sent in my resume with a letter that they requested
explaining how my experience would fit the job, plus salary requirements.
Once again, I will keep my fingers crossed.

Do you want plant/plants??

----- Original Message -----
From: <Tana.Jones@enron.com>
To: <pyoung@pdq.net>
Sent: Wednesday, September 20, 2000 4:01 PM
Subject: Re: An Update

>
> That job is with Bob Williams, the litigation attorney for our
> international company.  Bob is a great guy, probably one of the funniest
> people I have ever known.  It also might be a good job for you because he
> promoted his last administrative assistant to paralegal.
>
>
>
>                     "Patti Young"
>                     <pyoung@pdq.n        To:     <Tana.Jones@enron.com>
>                     et>                  cc:
>                                          Subject:     Re: An Update
>                     09/20/2000
>                     11:51 AM
>
>
>
>
>
>
> Thanks for writing back.  I could probably do the Saturday evening thing.
> I
> will let you know soon.
>
> If you get a chance, check out Job No. 105738.  Know anything about it??
>
>
> ----- Original Message -----
> From: <Tana.Jones@enron.com>
> To: <pyoung@pdq.net>
> Sent: Tuesday, September 19, 2000 2:47 PM
> Subject: Re: An Update
>
>
> >
> > I was just about to call you when I got your email.  Holly called and
she
> > has a table to fill at an awards banquet (some women's professional
group
> > or something) and wants to know if you want to join us.  A bunch of her
> > girlfriends are going, me, Lucinda, I think Carol....anyway, it's
> Saturday
> > night at 7:00 pm.  She said it should be really boring (so I put it on
my
> > calendar as "boring awards banquet"), but with all the girls at one
table
> > we'll misbehave and have fun.  I hope you can join us.  Let me know and
> > I'll reserve you a spot w/Holly.
> >
> > The thing on your house and townhome sounds exciting.  When can I see
> it?!
> >
> >
> >
> >                     "Patti Young"
> >                     <pyoung@pdq.n        To:     "Tana Jones"
> <Tana.Jones@enron.com>
> >                     et>                  cc:
> >                                          Subject:     Re: An Update
> >                     09/18/2000
> >                     05:44 PM
> >
> >
>
> >
> >
> >
> >
> > The name of the plant I told you about last week is DURANTA.
> >
> > Think you will want it??
> >
> >
> > ----- Original Message -----
> > From: Tana Jones <Tana.Jones@enron.com>
> > To: <pyoung@pdq.net>
> > Sent: Monday, August 28, 2000 8:28 AM
> > Subject: An Update
> >
> >
> > >
> > >
> > > That job I passed on your resume to in our group, I checked, and they
> > still
> > > haven't started interviewing people yet, since Barbara is on vacation
> > dropping
> > > her daughter off at college.
> > >
> > >
> >
> >
> >
> >
>
>
>
>


Following please find the Daily EnronOnline Executive Summary.

Special Announcement! This report can now be accessed directly through the EnronOnline Intranet Site at http://eolinfo.enron.com.

In order to access this report,  click on the link above. Once there, follow the link entitled "Reports" and then select the "Secured Reports" tab. A dropdown menu will appear with a list of the various secured reports available for viewing. After choosing the report you are interested in, a security window will appear requiring you to enter your Windows login ID and password. Simply enter your standard login and the report will load automatically.

We look forward to your feedback and comments. If you have any questions or experience any difficulties accessing your reports through the Intranet Site, please feel free to contact either Bryan Deluca at x36161 or Simone La Rose at x31670.

<Embedded Picture (Metafile)>


Attached please find the above-referenced document.

>                <<third answer to staff.doc>>  <<Staff 3d rog exhibit.doc>>
>

 - third answer to staff.doc
 - Staff 3d rog exhibit.doc


Would it be possible to do this call tomorrow afternoon?  About 1:30 or 2:00
central time.  My morning is a little tight.

	"Crawford, Ann" <AnnCrawford@aec.ca>
	03/22/2001 12:26 PM

		 To: "'Gerald.Nemec@enron.com'" <Gerald.Nemec@enron.com>
		 cc: "McClelland, Keith" <KeithMcClelland@aec.ca>, "Horth, Daniela"
<DanielaHorth@aec.ca>, "McGeachie, Ryan" <RyanMcGeachie@aec.ca>
		 Subject: RE: FW: ENRON DRAFT ENFOLIO AGREEMENT AND COMMENTS

Gerald,

Keith McClelland (AMUS lawyer), Daniela Horth (Contract Administrator for
AEC Storage and Hub Services Inc. and Wild Goose Storage Inc.)  and I are
available tomorrow morning between 10 and 12 for a conference call.  I am
still trying to confirm that Ryan McGeachie (Credit Analyst) is available.
Does this time look okay for you?  Let me know and I can confirm everything
later today.

If you do have any written comments that would be useful for us to see
beforehand, please send them on to me by email or by fax (403-290-8479).

Thanks so much.

Ann

-----Original Message-----
From: Gerald.Nemec@enron.com [mailto:Gerald.Nemec@enron.com]
Sent: Wednesday, March 21, 2001 4:10 PM
To: Crawford, Ann
Cc: Russell.Diamond@enron.com; Mark.Whitt@enron.com
Subject: Re: FW: ENRON DRAFT ENFOLIO AGREEMENT AND COMMENTS

Ann,  I have completed the review of the comments to the Enfolio.  It might
make the most sense to discuss these over the phone to get quicker
resolution.  Are you available tommorrow afternoon to discuss the comments.

                    "Crawford,

                    Ann"                 To:     "'Gerald.Nemec@enron.com'"
<Gerald.Nemec@enron.com>
                    <AnnCrawford@        cc:

                    aec.ca>              Subject:     FW: ENRON DRAFT
ENFOLIO AGREEMENT AND COMMENTS

                    03/21/2001

                    11:37 AM

Hello Gerald,

Just a follow up note on the status of the review of our comments on the
new
ENFOLIO.  Please give me a call or drop me a note.  I hope we can get the
contract settled.

I still have not heard what is happening with the credit side.  I have not
received signed confirms as yet.

Regards,

Ann

403-266-8425

> -----Original Message-----
> From:   Crawford, Ann
> Sent:   Wednesday, March 07, 2001 6:47 PM
> To:     'Gerald.Nemec@enron.com'
> Subject:     ENRON DRAFT ENFOLIO AGREEMENT AND COMMENTS
>
> Gerald,
>
> Per the attached cover letter explaining AEC's requested changes, I
attach
> both a blackline copy and a clean copy of the edited agreement.  Please
> comment asap on items regarding the bolded text in sections 3.2, 3.4 and
> 8.3.
>
> Thank you,
>
> Ann M. Crawford
> Gas Marketing
> Sr.Contract Administrator
>
> Phone:  403-266-8425
> Fax:    403-290-8479
>
>
>  <<aecm.amc.ltr.enrn.doc>>  <<DRAFT IN ENRN EDIT.doc>>  <<DRAFT IN ENRN
> EDIT C.doc>>

(See attached file: aecm.amc.ltr.enrn.doc)
(See attached file: DRAFT IN ENRN EDIT.doc)
(See attached file: DRAFT IN ENRN EDIT C.doc)


kim

    my home email address is jodie_barbe@msn.com

-----Original Message-----
From: Bates, Kimberly
Sent: Tuesday, December 04, 2001 7:55 AM
To: Vickers, Frank; 'bates124@airmail.net'; Ames, Chuck; Brawner, Sandra F.; Germany, Chris; Hodge, John; Keavey, Peter F.; Mckay, Brad; Mckay, Jonathan; Neal, Scott; Pereira, Susan W.; Pimenov, Vladi; Ring, Andrea; Savvas, Leonidas; Townsend, Judy; Versen, Victoria; Barbe, Robin; Concannon, Ruth; Goodell, Scott; Jones, David; Kaiser, Jared; Loving, Scott; Muhl, Gil; Smith, Maureen; Smith, Shauywn; Taylor, Craig; Willis, Jim; Zivley, Jill T.
Cc: Lamadrid, Victor; Homco, Meredith; Superty, Robert; Loocke, Kelly; Allwein, Robert; Collins, Joann
Subject: RE: Home e-mail


You're such a nut!

Kimberly Hundl@ENRON
12/20/2000 08:22 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Hinson Power Company, Inc.

Peachy keen jelly bean!

   Kate Symes @ ECT                12/20/2000 10:17 AM

To: Kimberly Hundl/Corp/Enron@ENRON
cc:

Subject: Re: Hinson Power Company, Inc.

I've forwarded this e-mail to Christian and Greg. Unfortunately, the
population of the office is quickly dwindling as the holidays come near. I've
been told that one or the other of them will be in today, and I'll find out
if something has been sent out already, and if not, how soon we can do that.
I'll get back to you as soon as I talk to them.

Thanks,
Kate

Kimberly Hundl@ENRON
12/20/2000 07:30 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Hinson Power Company, Inc.

Hi Kate,
Deals #478168, 478944, 478945, 478946 are to be confirmed by either Greg
Wolfe or Christian Yoder.  We need to get the final copy of these confirm
letters so we can scan them into the system for our files.  Also, if the
finalized confirm has been sent to the counterparty we need to change the
status in the system.  These deals are still showing up on our "New" report
every morning and I need to do something with them.
Thanks for your help!
Kim


The attachment below is one of the best documents on the ECAR transmission
operations that I have seen.

It covers, operational limts, outage impacts, new gen, transfer capability,
historical outages and transfer paterns.

Rika please ensure that all of the analysts review this document. (241
pages).
---------------------- Forwarded by Lloyd Will/HOU/ECT on 05/02/2001 05:11 AM
---------------------------

BrantE@ecar.org@ecar.org on 04/23/2001 08:45:43 AM
Sent by: CarolC@ecar.org
To: pbjohnson@aep.com, kpfirrm@alleghenypower.com, thousley@bigrivers.com,
rsnead@cinergy.com, cvwaits@consumersenergy.com, welchj@dteenergy.com,
johnr@soc-dlco.lm.com, hertzel.shamash@dplinc.com, paul@ekpc.com,
lwill@enron.com, charles_a._roteck@firstenergycorp.com, dsandefur@HEPN.com,
spowell@ipalco.com, dan.becher@lgeenergy.com, favenhuizen@nisource.com,
mattey@ovec.com, rjochum@vectren.com
cc:
Subject: CRC Approval of 01-TSPP-3 Report

TO THE ECAR COORDINATION REVIEW COMMITTEE:

Attached is a copy of the 2001 Summer Assessment of Transmission System
Performance Report (01-TSPP-3). This report has been reviewed and
recommended for approval by the ECAR Transmission System Performance Panel
at its April 9-10, 2001 meeting.

Please review the report and record your comments and approval in a reply to
this message by Tuesday, May 1, 2001.

Brant Eldridge,
Executive Manager

BHE:cjc

Attachment

 <<01-TSPP-3-2.pdf>>

 - 01-TSPP-3-2.pdf


Well- It's time for goodbyes. It has been great knowing all of you and I hope it does not end here.  Below is my temporary contact information. Good luck to everyone.

Minal Dalia
412 North Main St.
Andrews, TX 79714
(915) 523-4337 Home
dalias7@hotmail.com


Hi, I got your paypal payment but it was a little short. s/h is 14.55 plus
76.00 +2.00 for ins. = 93.55. Take 84.00 from that and thats leaves 9.55. ?
The clubs packed weigh 15lbs.
Thanks Darrell


Hi,
?
How is the family???? and the multiple jobs??????
?
We just got back from Omaha --- Linda's 40th High School  reunion. I wish
someone would explain to me who all those old people were that  attended.
?
Putting $1.85 a gallon gas in that beast of hers was sure fun.  I may need a
part-time job if this keeps up long. (Just kidding -- you probably  have
enough to deal with -- right)
?
Jennifer has decided to journey off to Law school at Baylor.  She and Linda
are going to Waco Friday to finalize an apartment.
Chris is managing the I-10 Texas Land & Cattle store.  Keeps him very busy.
(can't even send an e-mail ----- like someone else I know)  (Just kidding)
?
We are looking for property on a lake (Linda's request). Like  there is
anything like that left in Texas. We will probably drop in this  house.
?
Pretty quiet here all things considered.
?
Drop me a line or give me a call when you have some time. Or  if you are
really free we could actually plan a lunch. The price of natural gas  should
help keep Tom from hassling you too much.
?
Ken


Hey Kevin,  How is it going cousin?  Found the napkin that you left your
email address on at Kenneally's.  Man, I really was loaded by the time I left
that place.  I went down to CC the next day and told my parents we had met.
They said they had just been at your wedding not to long before Christmas.
Small world!

How's Houston treating you?  Been back to Kenneally's since?  Drop me a line
when you get a chance.

Gerald,


In case folks haven't seen them yet, attached are Davis' press release and
the letter he sent to Hoecker today.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 12/01/2000 05:25 PM -----

	"Karen Edson" <kedson@ns.net>
	12/01/2000 03:10 PM

		 To: "Baker Carolyn (E-mail)" <cabaker@duke-energy.com>, "Bill Carlson
(E-mail)" <william_carlson@wastemanagement.com>, "Bill Woods (E-mail)"
<billw@calpine.com>, "Curt Hatton (E-mail)" <curt.hatton@gen.pge.com>,
"Curtis Kebler (E-mail)" <curtis_l_kebler@reliantenergy.com>, "David Keane
(E-mail)" <dnke@dynegy.com>, "David Parquet (E-mail)"
<dparque@ect.enron.com>, "Duane Nelsen (E-mail)" <duanenelsen@msn.com>, "Ed
Tomeo (E-mail)" <ed.tomeo@uaecorp.com>, "Edward Maddox (E-mail)"
<emaddox@seawestwindpower.com>, "Eileen Kock (E-mail)" <eileenk@calpine.com>,
"Ellery Bob (E-mail)" <bellery@spi-ind.com>, "Escalante Bob (E-mail)"
<riobravogm@aol.com>, "Frank DeRosa (E-mail)"
<fderosa@sanfrancisco.usgen.com>, "Greg Blue (E-mail)" <gtbl@dynegy.com>,
"Hap Boyd (E-mail)" <rboyd@enron.com>, "Jack Pigott (E-mail)"
<jackp@calpine.com>, "Jan Smunty-Jones (E-mail)" <smutny@iepa.com>, "Jeff
Dasovich (E-mail)" <jdasovic@enron.com>, "Jim Willey (E-mail)"
<elliottsa@earthlink.net>, "Joe Greco (E-mail)" <joe.greco@uaecorp.com>, "Joe
Ronan (E-mail)" <joer@calpine.com>, "John Stout (E-mail)"
<john_h_stout@reliantenergy.com>, "Jonathan Weisgall (E-mail)"
<jweisgall@aol.com>, "Julee Malinowski-Ball (E-mail)" <jmball@ns.net>, "Katie
Kaplan (E-mail)" <kaplan@iepa.com>, "Kent Fickett (E-mail)"
<kfickett@usgen.com>, "Lynn Lednicky (E-mail)" <lale@dynegy.com>, "Marty
McFadden (E-mail)" <marty_mcfadden@ogden-energy.com>, "Paula Soos (E-mail)"
<paula_soos@ogden-energy.com>, "Robert Lamkin (E-mail)"
<rllamkin@seiworldwide.com>, "Roger Pelote (E-mail)"
<rpelote@energy.twc.com>, "Steve Ponder (E-mail)" <steve_ponder@fpl.com>,
"Steven Kelly (E-mail)" <steven@iepa.com>, "Sue Mara (E-mail)"
<smara@enron.com>, "Tony Wetzel (E-mail)" <twetzel@thermoecotek.com>, "Trond
Aschehoug (E-mail)" <taschehoug@thermoecotek.com>, "William Hall (E-mail)"
<wfhall2@duke-energy.com>, "Baker Carolyn (E-mail)"
<cabaker@duke-energy.com>, "Anne Kelly (E-mail)" <kelly@hnks.com>, "Bev
Hansen (E-mail)" <bhansen@lhom.com>, "Govenar Scott (E-mail)"
<sgovenar@govadv.com>, "Hedy Govenar (E-mail)" <hgovenar@govadv.com>, "Jamie
Parker (E-mail)" <jparker@HMOT.com>, "Jenn Paulsen (E-mail)"
<paulsen@HMOT.com>, "Kassandra Gough (E-mail)" <kgough@calpine.com>, "Marie
Moretti (E-mail)" <marie_moretti@msn.com>, "Maureen O'Haren (E-mail)"
<oharen@HMOT.com>, "Monagan Mike (E-mail)" <mrmonagan@aol.com>, "Paula Soos
(E-mail)" <paula_soos@ogden-energy.com>, "Phil Isenberg (E-mail)"
<isenberg@HMOT.com>, "Pigott Jack (E-mail)" <jackp@calpine.com>, "Richard
Hyde (E-mail)" <rwhyde@duke-energy.com>, "Rob Ross (E-mail)"
<robbiz@cwo.com>, "Roger Pelote (E-mail)" <rpelote@energy.twc.com>, "Ron Tom
(E-mail)" <rtom@govadv.com>, "Rudman Cary (E-mail)" <cjrudman@softcom.net>,
"Sandi McCubbin (E-mail)" <smccubbi@ees.enron.com>, "Stephanie Newell
(E-mail)" <stephanie-newell@reliantenergy.com>, "Susan McCabe (E-mail)"
<sfmccabe@mindspring.com>
		 cc: "Julee Malinowski-Ball (E-mail)" <jmball@ns.net>
		 Subject: Governor's Proposals Go Public

FOR IMMEDIATE RELEASE December 1, 2000
GOVERNOR DAVIS RESPONDS TO FERC WITH INITIATIVES ON ELECTRICITY PRICES,
SUPPLY
SACRAMENTO - Responding to a draft proposal by the Federal Energy Regulatory
Commission (FERC), Governor Gray Davis today announced several initiatives
to ensure reliable and affordable electricity in California.

In a letter to the federal regulators, the Governor outlined a variety of
regulatory and legislative actions to keep the state,s electricity prices at
the lowest reasonable cost. They include innovative measures to encourage
the siting of power plants in compliance with the state,s environmental
laws, restructuring the state,s power-buying agencies to eliminate conflicts
of interests, and promoting energy conservation and voluntary cutbacks by
larger users during periods of high electricity demand.

"If you do your job of protecting consumers by rectifying the wholesale
markets, the steps I have to take can be transitional in nature and limited
in scope," wrote Gov. Davis, who also reiterated his call to FERC to order
retroactive refunds to San Diego and Orange County consumers, and to impose
price caps on the price of wholesale electricity. "I cannot in good
conscience, however, forego any measure that would serve to protect the
people of California until I am satisfied that the sellers in the wholesale
markets will not victimize Californians again."

Governor Davis, who inherited the problems of deregulation as a result of
legislation signed by Governor Pete Wilson in 1996, said that "The free
market applied to electricity can work, but only if market conditions allow
for real competition, and if all parties act responsibly." The Governor
added "Even though FERC had recently concluded that California,s market was
+dysfunctional,, its draft proposal fails to include measures to stop
out-of-state electrical generators from price gouging, and would lead to
higher prices next summer."

The Governor,s proposals include:

Introducing legislation to dramatically change the membership of the ISO and
PX, eliminating members of the board that have what he called "inherent
conflicts of interest" and replacing them with independent members;

Seeking legislation that will allow new approaches - such as emissions
credit trading - to aid in the siting of new power plants;

Calling on the state,s Public Utilities Commission (PUC) to promote
distributed generation and co-generation;

Accelerating voluntary efforts by the private sector as well as state
agencies to reduce their energy use during peak periods;

Expanding "forward contracting" by utilities that would allow multi-year
contracts to reduce price volatility and ensure reliability;

Asking the PUC to expedite its investigation of the state,s electricity
demand reduction programs for commercial users, and adopt new programs to
allow voluntary interruptions that will allow the reduction of electricity
use during peak power periods;

Reviewing new measures to coordinate power-plant maintenance and operating
activities;

Requiring utilities to retain their existing generation facilities instead
of selling them off at least until the market becomes competitive; and

Calling on the PUC and California Energy Commission (CEC) to study providing
"real time price signals" (such as metering) to large energy users to reduce
energy use.

Governor Davis noted that in the decade prior to his administration, no
power plants were built in the state. But since April 1999, six power plants
representing 4,700 MW of new generation have been approved. Twenty more
applications are under review and 11 more are in the pipeline.

"This represents a significant change in policy and performance and responds
to the fact that we must increase supply as rapidly as possible without
abrogating our commitment to state and federal public health and
environmental protection," he said.

The Governor,s initiatives announced today reflects his commitment to FERC
Chairman James Hoecker at a hearing last month in San Diego to provide input
into FERC,s final order on the California electricity market. That decision
could come as early as December 13, 2000.

The Governor will continue to meet with legislative leaders, consumer
groups, and other interested parties to discuss additional options. He said
a more complete plan cannot be developed until FERC,s final order has been
announced and analyzed.


-----Original Message-----
From: 	Engel, Thomas
Sent:	Thursday, December 06, 2001 12:22 PM
To:	Oxley, David; Barrow, Cynthia
Subject:	STRANGE CALL

I received a suspicious phone call from Kathy Delano at Portland General who was asking for the names of the employees who were still reporting to me.  Kathy said that she works for Arlene Barnett (VP HR), who wants to send all of us a 25 page document.

Without providing them any information, I took down their names and checked the Enron phone book.  I verified that the names are Portland General HR representatives; however, I am not sure why Portland General HR would be wanting to send something to us.

The number Kathy provided was (503) 464 - 8000 - which appears to be the main Portland General switch board.

Maybe I am being a bit too paranoid - however - can you follow up on this.


As most of you know we have been experiencing some problems with our
Network.  Tonight starting at 7:30 Cisco doing some troubleshooting with our
Networking team in Houston.  I have co-ordinated the outages with the Real
Time Schedulers.

Please feel free to contact me with any questions or concerns.

Thanks,
Diana


Gerald:
I need your assitance in finding the right legal/regulatory group, who could
assist me with some regulatory issues necessary for completing a compression
project.
I need to find if new loads in Brookfield, Fairfield County, CT, pay
Competitive Transition Assessment Charges.  The name of the project is
Iroquois Eastchester Expansion and we are looking at CL&P's Rate Number 58
for power supplier.

I would really appreciate it if you could contact me in case you have a
contact name.  Once again, thanks for your time and efforts.

Maria Tefel
Analyst- Compression Services
5-3269


Geriann,

I didn't ask for the conference call, but I wil make time in my schedule to
participate.

From: Geriann Warner on 03/07/2001 09:03 AM
To: Kay Mann/Corp/Enron@Enron
cc: Suzanne Adams/HOU/ECT@ECT

Subject: Conf. Call  - 3/7 @ 10:00 cst: Tripp Scott Proposed Terms of
Engagement

Kay, please let me know if you still need this conference call.  Jim Steffes
can do it at 10:00 a.m.

Per Marchris' request, I've set up a conference call for today at 10:00 cst.
Please let me know ASAP if you WILL NOT be able to participate.

Call in  - 1.800.998.2462

Pass code  - 5058917

Geriann Warner
GA - The Americans
Tel: 713-853-5036
Fax: 713-853-7297

----- Forwarded by Geriann Warner/NA/Enron on 03/07/2001 08:30 AM -----

	Marchris Robinson
	03/06/2001 05:19 PM

		 To: Geriann Warner/NA/ENRON@ENRON
		 cc:
		 Subject: Re: Tripp Scott Proposed Terms of Engagement

Set up conference call.  Page me with info.

MR
----- Forwarded by Marchris Robinson/NA/Enron on 03/06/2001 05:18 PM -----

	Kay Mann
	03/06/2001 04:57 PM

		 To: Marchris Robinson/NA/Enron@Enron
		 cc: James D Steffes/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Ben
Jacoby/HOU/ECT@ECT, Steven Krimsky/Corp/Enron@Enron
		 Subject: Re: Tripp Scott Proposed Terms of Engagement

Ben and I can make it.

Kay

From: Marchris Robinson on 03/06/2001 04:30 PM
To: James D Steffes/NA/Enron@Enron
cc: Steve Montovano/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron, Ben
Jacoby/HOU/ECT@ECT, Steven Krimsky/Corp/Enron@Enron

Subject: Re: Tripp Scott Proposed Terms of Engagement

I think we should do a phone conference to resolve the outstanding issues
regarding the engagement of "local lobbying firms" by ENA.  I will schedule a
call for tomorrow at 10:30am (cst).  Please advise if that time works with
your schedule.  Thanks.

Marchris
----- Forwarded by Marchris Robinson/NA/Enron on 03/06/2001 04:21 PM -----

	Kay Mann
	03/06/2001 09:27 AM

		 To: Marchris Robinson/NA/Enron@Enron
		 cc: Christi L Nicolay/HOU/ECT@ECT
		 Subject: Re: Tripp Scott Proposed Terms of Engagement

Hi Marchris,

I'm in ENA Legal, and I'm looking for the right person to discuss this with.
Christi Nicholay suggested I get you involved.  Please give me a call at 713
345 7566 to discuss.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/06/2001 09:29
AM ---------------------------

Ben F Jacoby@ECT
03/05/2001 10:48 AM
Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Tripp Scott Proposed Terms of Engagement

OK. This guy's a lawyer by training, but we're hiring him as a lobbyist.
Roger was previously looking into this, and proposed our standard form
agreement. Steve and I were wondering if we could work off of Tripp Scott's
proposed form, considering that he will not be representing us as our counsel.

Please let me know.

Thanks,

Ben

Kay Mann@ENRON
03/04/2001 02:27 PM
To: Ben F Jacoby/HOU/ECT@ECT
cc:
Subject: Re: Tripp Scott Proposed Terms of Engagement

Ben,

What are these folks supposed to do for Enron?  I had heard a rumor that we
were looking to hire someone to lobby for us on a success fee basis.  Is this
the same deal?  I know on the international side there were hoops to jump
through before such an engagement could be signed off on.  I'll have to check
to see what the drill is on this side of the street.

Kay

	From:  Ben F Jacoby @ ECT                           02/28/2001 12:18 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann
cc:

Subject: Tripp Scott Proposed Terms of Engagement

Per my earlier e-mail, attached is Tripp Scott's form.
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 02/28/2001 12:17 PM
---------------------------

Steven Krimsky@ENRON
02/28/2001 09:11 AM
To: Ben Jacoby/HOU/ECT@ECT
cc:
Subject: Tripp Scott Proposed Terms of Engagement

As discussed, Roger has no problem engaging Tripp Scott.  He does want to use
Enron's standard 9 page engagement letter in lieu of the attached 2 pager
received from Tripp Scott.  Is this necessary - any thoughts?

Steve

---------------------- Forwarded by Steven Krimsky/Corp/Enron on 02/28/2001
09:08 AM ---------------------------

Steven Krimsky
02/16/2001 03:44 PM
To: Ben Jacoby/HOU/ECT@ECT, Roger Balog@ECT, Marchris Robinson/NA/Enron@Enron
cc:

Subject: Tripp Scott Proposed Terms of Engagement

As discussed in Fort Pierce, Tripp Scott is that insurance policy I've been
looking for to help secure the commission vote in Pompano.  Tripp Scott will
also assist us in our door knock campaign in the County & Tallahassee.
Pozzuoli is a mover & shaker and is on a first name basis with Jeb Bush -  he
was the Chairman for the Bush/Cheny Broward County re-count.

Bill Keith & Debbie Orshefsky highly recommends the engagement.

Lets discuss Tuesday.

Steve
---------------------- Forwarded by Steven Krimsky/Corp/Enron on 02/16/2001
03:38 PM ---------------------------

"Edward J. Pozzuoli (Paulette R Segal)" <PRS@trippscott.usa.com> on
02/14/2001 01:56:42 PM
To: steven.krimsky@enron.com
cc: TSCS.TSCS-1.ejp@mail4.allegro.net

Subject: Proposed Terms of Engagement

It was a pleasure meeting with you and Debbie on Monday afternoon.  Per our
discussion, enclosed is Tripp Scott's proposed terms of engagement as well as
an abbreviated description of the firm and its key directors.

I look forward to speaking with you soon.

Ed
 - 239299.WPD
 - 239243.WPD


Commencing with an NHK (Japanese public TV) report and quickly spreading to
media inquiries and wire reports, earlier today a story spread through Japan
that the Enron affiliate E Power has immediate plans to build at least one
large (1000 MW) power plant.   In fact,  it appears that E Power has been
pursuing this prospect, but nothing has progressed to executive management or
board approval.   We are using the following statement to respond to media
inquiries:

Enron and its affiliates, including E Power, continuously look at a number of
projects around the world.  There is a good deal of advance preparation and
various factors that need to be evaluated before these projects can progress
forward through approvals.  Therefore, it is Enron's practice not to comment
on these projects until they reach a sufficiently advanced stage of
development to have a significant prospect for success.  Enron and/or E Power
do not have a power project in Japan which is sufficiently advanced to
warrant comment at this time.

We will keep you apprised of further significant developments.

John


---------------------- Forwarded by Richard Shapiro/NA/Enron on 12/15/2000
05:51 PM ---------------------------

Jkellihers@aol.com on 12/15/2000 05:48:31 PM
To: <rshapiro@enron.com>
cc:

Subject: Bush/Cheney Transition: Electricity

Rich, I am on a leave from LeBoeuf and working on the Transition Team as part
of the Energy Policy Group for the next few weeks.  We request Enron's views
on electricity issues.  I regret the short notice and tight deadline for your
response (Monday COB), but time is short and there is a need to flesh out
Administration positions and prepare nominees.  Please consider responding to
the questions as an attachment to your response, which should use the
requested template.  Until we move in the D.C. Transition office on Monday or
so, the best way to reach me is cell phone (202-255-6803) or email.
Regards.


Thanks Susan.  Can you send me any GTC that would have been for Nov -01 through March 02 business for PGW.

 -----Original Message-----
From: 	Elledge, Susan
Sent:	Thursday, December 27, 2001 5:03 PM
To:	Nemec, Gerald
Subject:	RE: Contracts

PGW has only GTCs.  Here are the Husky files.

 << File: Husky Oil GPSA.pdf >>
 << File: Husky Amend.pdf >>

 -----Original Message-----
From: 	Nemec, Gerald
Sent:	Thursday, December 27, 2001 4:48 PM
To:	Elledge, Susan
Subject:	Contracts

In addition to the Philadelphia Gas Works contracts, could you also look for a Husky Oil Operations Limited with ENA dated September 1, 1999.  Thanks.


I heard you're moving soon, or already have.  What address I can mail you
something at.....GEE?


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Let me know how it looks.  Is Kathy going to send text files tonight?

Thanks,
Robin


A memo is coming out shortly.

From: Rod Hayslett/ENRON@enronXgate on 04/30/2001 08:42 AM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: Analyst PRC

Where can I go to find out what is required of me for the upcoming Analyst
PRC?

Rod Hayslett
EB4054
713-853-6178


Start Date: 1/22/02; HourAhead hour: 20;  HourAhead schedule download failed. Manual intervention required.


California:

A01-10-011  PG&E  Gas Accord.  On Monday Jan. 7th Greg Klatt will enter an appearance on behalf of Transwestern at PG&E's Gas Accord Prehearing Conference.  This will maintain our position to participate in the proceeding as needed.

I99-07-003  SoCal Unbundling.  SoCal filed its Advice Letter No. 3015 to implement the CPUC's Dec. 11th decision to unbundle the SoCalGas Transmission and Storage Systems however the filing only addresses Ordering Paragraph Nos. 9-15 of the decision.  This section of the order directs SoCal to outline within their tariff the Comprehensive Settlement Agreement arrangements for allocating stranded costs.  It does not address capacity or open season issues as dictated by the order.  We will investigate the filing with SoCal as to the status of addressing these issues.

A01-10-024  SoCalGas BCAP.  In regard to filing comments on EGA's motion to strike the testimony and related materials on embedded cost-based allocation versus the long-run marginal cost methodology for the hearing on Monday, Jan. 7, 2002, it was decided not to file comments, but continue monitoring the proceeding.  By participating Transwestern will continue to have the option of addressing any of the issues raised by other parties.

CPUC Infrastructure Report.  The Commission has issued its report and assessment of the state's gas infrastructure for the three major utilities in California.  Their conclusion is that the natural gas transportation and storage systems are adequate to provide reliable amounts of competitively priced gas to residential, commercial, industrial and electric generation customers.  Therefore they recommend that the Power Authority should not finance any new natural gas projects.

Schedule:

Week of Jan. 7 -  	Omaha


Attached are Environmental Notices regarding two new EPA regulations for
glycol dehydrators. One is for dehys on the pipeline from the well to the gas
processing plant (Oil & Gas Production MACT) and the other is for dehys
downstream of the gas plant on the transmission and underground storage
system (Transmission & Storage MACT).


Today is bad. Tommorrow I will call you.


Has GE signed off on the numbers?

Kay

	From:  Rebecca Walker                           04/24/2001 04:05 PM

To: Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron, Catherine
Clark/Enron@EnronXGate

Subject: PLEASE REVIEW -- Changes to Northwestern Letter Agreement

Kay

Attached are changes to the Northwestern 7EA Letter Agreement.  Per Ben
Jacoby's request, I have updated the Remaining Purchase Amount Instalment
(Schedule III) Amounts.  Catherine Clark in Global Finance has signed off on
these numbers, as well.  Please call me at x57968 if you have any questions.

Regards,
Rebecca


Daren - I need a deal set up for meter 1459 for June '00. It flowed 34/day
6/1-6/6.  The last deal number used was  77352 for ENA.  Please let me know
when this is set up.

Thanks,
Aimee


I will do Friday's

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Tuesday, December 18, 2001 9:30 AM
To:	Love, Phillip M.; Winfree, O'Neal D.; Palmer, B. Scott; McLaughlin Jr., Errol
Cc:	Gossett, Jeffrey C.
Subject:	RE: Bankruptcy post-id's

Yes, send them to John Powell and cc Debbie Brackett

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Tuesday, December 18, 2001 9:27 AM
To:	Keiser, Kam; Winfree, O'Neal D.; Palmer, B. Scott; McLaughlin Jr., Errol
Cc:	Gossett, Jeffrey C.
Subject:	RE: Bankruptcy post-id's

I will do it Wed and Thursday.  Kam and I will be out Friday, can someone else do it then?  We are supposed to email the post-id's to Debbie Bracket correct?
PL

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Tuesday, December 18, 2001 9:13 AM
To:	Love, Phillip M.; Winfree, O'Neal D.; Palmer, B. Scott; McLaughlin Jr., Errol
Cc:	Gossett, Jeffrey C.
Subject:	Bankruptcy post-id's

I started calculating the bankruptcy book last night for the credit group.  This needs to be done nightly.  I may be out a few days so if I am can someone else take this over from me please?  We can also use these to check daily for counterparties that have been moved incorrectly.

The file is in O:\erms\1intra\west\Bankruptcy post-ids.xls

Thanks

KK


What are some legal issues we should be aware of as e Business/eTrade change
our way to do business?   Do you know Lexis Search Advisor?  Please join Ed
Chang, Lexis attorney for a Cyberlaw & Telecommunications presentation in
Conference Room EB 47C2 on Tuesday, 6/20 from 12:00 noon to 1:30 PM.   Lexis
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The CAO Staff Meeting scheduled for Tuesday, July 4 is canceled.  The next
CAO Staff meeting will be held on Tuesday, July 18.


Guys, I want to clear up a couple of points:
	a) if you had received a retention payment in early December with a date that expires Feb 28 - that retention payment will not be at risk in any way if you do not work for NETCO or if you choose to join the effort towards NewCo. That payment was made on behalf of the Enron estate to ensure critical operations  are completed and  key people are retained;
	b) we are working to provide, as per our discussion this am, a new retention package for estate (and NewCo) employees for the next 90 days that should be forthcoming in the next several weeks;
	c) you are not in breach of your employement agreement by working towards NewCo versus Netco or the overall estate regardless of which company wrote or sponsored your original contract (ie) ENA , EES, EGM, etc.  These are all Enron assets; and
	d) I envision that NewCo upon it formation will have its own compensation plan which will provide competitive base salaries, a bonus program consistent or better than Enron's or possibly similar to what is being discussed about Netco, an equity participation plan, employment agreements and a competitive benefits package.

By copy to Jeff McMahon, I wanted everyone to know this is consistent with the overall message that I have been receiving.

Regards
Delainey


FYI--Didn't know if you were tracking this plant, but thought you find the ACC decision of interest.  gh

COMMISSION APPROVES BOWIE POWER PROJECT  Requires Use of Solor Technology & Groundwater Monitoring Program
PHOENIX - In a decision yesterday, the Arizona Corporation Commission approved the Bowie Power Station proposed for eastern Cochise County in southeastern Arizona. The project, to be constructed in two 500-megawatt phases, is a water-cooled power plant using a maximum of 6,000 acre-feet of groundwater per year when both units are operating continuously at full output. SouthWestern Power Group II is the project developer. The approval requires SouthWestern to install solar technology when they begin building the second power block. This is the first merchant power plant that is required to incorporate solar technology as a core part of the total project. Merchant power plants supply power to the wholesale market as opposed to power plants built by a utility with the primary objective of serving its own customers. During Tuesday's meeting, the Commission accepted the 22 restrictions placed on the project by the Arizona Power Plant and Transmission Line Siting Committee. After hearing from several representatives of the Bowie and Willcox communities, the Commissioners approved an amendment offered by Commissioner Spitzer. The Spitzer amendment specifically addresses concerns by nearby pistachio farmers that groundwater pumping could affect the surrounding water table. Summary of the Spitzer Amendment: The amendment requires SouthWestern Power Group II to establish and pay for a groundwater monitoring program that meets Arizona Department of Water Resources criteria. Once the project is operating, the SouthWestern will have to establish and make annual contributions of $100,000 to a Groundwater Impact Mitigation Fund until the fund reaches a balance of $500,000. Any business or individual who can prove, through successful arbitration, that groundwater pumping has caused property or economic damage will be able to submit a claim for reimbursement. SouthWestern will be required to maintain a total balance of $500,000 in the fund. Status reports on the program are to be filed with the Town of Bowie, the Pistachio Pass Irrigation District and the Cochise County Board of Supervisors. The Groundwater Impact Mitigation Fund must be maintained for three years after the plant ceases operation and is decommissioned. Commissioner Marc Spitzer said the amendment was prudent considering that the lasting impact of the power project. "I proposed this amendment to answer the concerns of the pistachio farmers and the irrigation district," Commissioner Marc Spitzer said. "Although we heard testimony that the power plant's groundwater needs would be less than if the land were farmed, I don't think you can be too careful. We're making decisions that could affect an economically depressed area for generations to come." Other Environmental Conditions: Twenty-two conditions were imposed by the Arizona Power Plant and Transmission Line Siting Committee. They include: ? Establishment of a monitoring project and mitigation fund for ground subsidence and earth fissure monitoring. Subsidence is a potential side effect of groundwater pumping. Cracks, fissures or dips can form in the surface of the earth because the water deep underground that provided physical support is no longer there. ? Contributions to the Bowie Fire District to enable it to acquire an additional emergency services vehicle as well as funding of emergency response and hazardous materials training for firefighters. ? Making arrangements with local law enforcement and the Cochise County Sheriff because the project will involve an increase in traffic and may result in the need for emergency responses by local law enforcement. This was an amendment sponsored by Commissioner Jim Irvin. ? Prior to construction of the facility, SouthWestern must provide the Commission with a technical study showing that sufficient transmission capacity exists to accommodate the output of the plant and the effect of its output on reliable operation of the electric grid. ? Conditions requiring compliance with air and water quality standards imposed by the Arizona Department of Environmental Quality and the Arizona Department of Water Resources. Additionally, the applicant will have to participate in and comply with all standards for safe, reliable power delivery. "I was pleased to support this project, in part because it includes solar technology as a key component of the whole project. The level of support from the local community was also impressive. Les Thompson, Chairman of the Cochise County Board of Supervisors indicated that Bowie has one of the highest tax rates of any Arizona community," Chairman Bill Mundell explained. "The residents and business people were very excited about the tax and economic development benefits of having the power plant in their community. Additionally, the project will bring several hundred construction jobs to Bowie and Willcox and, ultimately, the 30 or 40 people needed to run the plant." Commissioner Irvin voted in favor of the project, saying: "I do believe the need for this project was established in the record. Further, I believe the project is in the public interest and meets the balancing test." He was referring to the siting statute that requires the Commission "to balance, in the broad public interest, the need for an adequate, economical and reliable supply of electric power with the desire to minimize the effect thereof on the environment and ecology of this state." (Arizona Revised Statutes ? 40-360.07, subsection B.) For more information about recent power plant sitings, visit the Arizona Corporation Commission's website at <http://www.cc.state.az.us/news/index.htm>.


I would like to take the remaining work days in the week of July 2-6.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/


Sunita,

Please see my changes in attached doc.

Thanks,

Paul


-----Original Message-----
From: 	Athomas80@aol.com@ENRON
Sent:	Wednesday, December 12, 2001 9:53 AM
To:	Kaminski, Vince J
Subject:	Research Group Teamwork

Vince,
Over the past year and a half, I have been continually impressed with the richly diverse and highly collaborative working environment you created among members of the Research Group.  As you know, I pay attention to "people" issues in my work, and seldom have I observed such a successful and diverse team environment.
I believe that this experience is worth sharing with others and would like to write about it.  The purpose of the project would be to capture and share learnings related to the dynamics of the Research Group; larger Enron issues would not be included.  The writing would be based on interviews with you and perhaps ten others in the department.  Anything I write would be approved by those who are quoted, and the complete article would be reviewed and approved by you before being shared outside.  I do not expect to receive any financial support for the effort; I have some time now and enjoy doing the kind of effort I'm proposing.  I can show you a sample of similar, previously-published works I've done.
I realize that these days are already confusing and draining for you all.  On the other hand, this is a good time, perhaps the only time, to capture the wisdom that each of you has gained from this team experience.  If you have interest in my pursuing this idea, would you be available to talk with me further in the next couple of days?
Respectfully,
Ann Thomas  (Bob Lee's wife)


What do you think about Russell's request for a confirm here?  I think this
is really confusing for our Canadian team.  There must be requirements for
the LC if it's an upfront LC, we would need a zero threshold.  I just don't
think this is very straight forward for these poor Candadian girls to figure
out.  What do you think?
----- Forwarded by Tana Jones/HOU/ECT on 03/27/2001 11:28 AM -----

	Russell Diamond/ENRON@enronXgate
	03/27/2001 10:17 AM

		 To: Linda Sietzema/CAL/ECT@ECT, Stephanie Panus/NA/Enron@Enron
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Pending transactions, Casco qy6450.1

Please see attached credit sheet for credit language to attach to the confirm.

Thanks
Russell


I talked with Brent this morning.  It appears that his daughter does not have
appendicitis.  She has been running a fever, her white count was down, and
she had fluid collecting in her abdominal area.  The doctors were baffled as
to where this fluid was coming from.   As of this morning, Brent's daughter
is showing signs of improvement; her white count is better and her fever is
going down.  Doctors now think she has some kind of infection that is running
its course.    Brent will know more later today when he speaks to the doctors
about test results.

-Becky


To summarize where we are on the accounting issues related to booking all of the income related to our 12.5% equity investment in Kiodex in Q1:

The 12.5% equity investment has to be a completely separate transaction from the co-marketing arrangement for which we are paid in warrants.

Kiodex cannot clawback or redeem any portion of the 12.5% if Enron walks the co-marketing agreement at any point in the five-year term.  It is ours to keep.

The 12.5% equity investment will be collapsed with the co-marketing deal (and therefore income can only be realized over the five-year term) if there isn't enough consideration for the 12.5% to make it look like a real deal.  Mike Patrick believes that we can get the desired accounting treatment for the 12.5% if we deliver promotional materials to our customers and EnronOnline "statistics" as consideration for the 12.5%.  We have not really spelled out exactly what this consideration is, but I have attached a draft stock purchase agreement in which we have attempted to do so in Section 5.11.

Kiodex wants to close this deal by March 7; we probably can't get the consideration in line by then, but we probably could by the end of the quarter.  Kiodex wasn't crazy about giving us the 12.5% for anything less than the 5-year marketing agreement, and wanted a clawback on the shares even then; they sure won't give us 12.5% for a promise to deliver the consideration by the end of March.  This means we will have to close the deal into escrow, and can get the shares when we deliver the consideration.

Here are the questions for the deal team:

1.	  What can we give to Kiodex before the end of Q1 that supports our 12.5% equity investment.  I can describe the promotional materials, but what "statistics" can we provide that will be valuable to Kiodex?  (Remember that Kiodex will have to feel like they are getting SOMETHING for the 12.5% equity they are giving us, because again, it will be ours to keep regardless of what happens to the co-marketing agreement).

2.	 Whatever we decide to give to Kiodex for the 12.5%, we will have to be able to deliver it IN FULL by the end of Q1; otherwise, we can't get our shares, and we can't book the income.

Here is the stock purchase agreement; I wam working on the language in Section 5.11, but it gives you an idea of what we think we might be able to do.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


Anytime will be okay with me.  I have a 9:00 Lotus Notes training session
this morning which should last until about 10:00, but I think I'm free the
rest of the week.  Just let me know.  Erica is making minor revisions to one
of the lists and the rest are ready, so I just have to do my short memo re
procedures.

Marie

Sara Shackleton
04/17/2000 05:59 PM
To: Marie Heard/HOU/ECT@ECT
cc:
Subject: Brokerage Agreements

Marie:  Per my voice mail, please let me know when you will have your memo
regarding brokerage agreements and the updated list available.  I would like
to include Susan Flynn, Sheila Glover and Laurel Adams in a meeting since
they are all involved in the brokerage agreement process from time to time.
I'll try to gather the group if you provide me with some suggested times.
Thanks.  Sara


======================== THE MOTLEY FOOL ========================
                   B R E A K F A S T   N E W S
                    Tuesday, October 2, 2001
benjamin.rogers@enron.com
=================================================================

IN THIS ISSUE
---------------------
- TOP STORY: Trash Compaq-ter
  http://www.fool.com/m.asp?i=508214

- NEWS TO GO: McGraw Hill, Wal-Mart, and Topps
  http://www.fool.com/m.asp?i=508215

- POST OF THE DAY: Historical Perspective of the Market
  http://www.fool.com/m.asp?i=508216

=================================================================

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but now it happens to everybody." -- Adlai Stevenson

-----------------------------------------------------------------
TOP STORY
-----------------------------------------------------------------

TRASH COMPAQ-TER
You can restart your Compaq desktop, but can you restart Compaq
Computer (NYSE: CPQ)? The PC industry was struggling well before
last month's terrorist attacks, but now demand has come to a
screeching halt.

>>FULL STORY:
http://www.fool.com/m.asp?i=508218

-----------------------------------------------------------------
NEWS TO GO
-----------------------------------------------------------------

Home is where the VCR is. Video rental chain Hollywood
Entertainment (Nasdaq: HLYW) is raising its third-quarter profit
projections after homebody consumers contributed to a stunning
11% uptick in same store sales. Second only to Blockbuster
(NYSE: BBI) in size with 1800 locations, Hollywood is now
expecting to earn between $0.15 and $0.17 a share, seven cents
above earlier estimates.

Publisher McGraw-Hill (NYSE: MHP) was supposed to be a textbook
case of down market resiliency given its steady scholastic
endeavors. However, as a magazine and trade journal maker, the
company has its work cut out for it in this lax advertising
climate. After growing revenue by 11% through the first half of
the year, the McGraw Hill is looking at sales growth in the high
single digits for the latter part of the year. With many of its
properties like BusinessWeek and the Standard & Poor's debt
rating service in the financial information field, market apathy
has also hit the company hard.

Always low prices. Always moving forward, Wal-Mart (NYSE: WMT)
announced that it would be accelerating its Supercenter
expansion plans. The leading retailer, which yesterday
reiterated its 4% same store sales gain targets for the month of
September, plans to open or relocate 235 outlets in fiscal 2002.
It's a move that would grow the discount department store and
wholesale club chains by 9% for the year.

I choose not to, Pikachu! Given the lack of kiddies no longer
interested in exchanging Charmander trading cards for Bulbasaurs
and Meowths, Topps (Nasdaq: TOPP) reported sales of $81.7
million for the quarter, well behind last year's $141.7 million
sum. Once better known for its sport cards franchises, if you
want to know how big Pokemon once was, consider that non-Pokemon
sales actually increased during the period. Earnings came in at
$0.20 a share, off last year's $0.68 a share showing but
actually a penny ahead of Wall Street's prediction. On deck for
Topps? Lord of the Rings and Monsters, Inc. trading cards, to
coincide with the highly anticipated theatrical releases later
this year.

Hardly news anymore, but somebody else is now suing Microsoft
(Nasdaq: MSFT). This time it is the once mighty network maven
Novell (Nasdaq: NOVL). The company is taking Microsoft to court
on the grounds of false advertising after the company shipped
marketing material to Novell customers in the form of cereal
boxes. Microsoft Server Crunch, seemingly the breakfast of
software champions, stated that Novell was moving out of
software development -- a claim Novell says is not true. I
wonder if there was a toy surprise inside?

-----------------------------------------------------------------
POST OF THE DAY
-----------------------------------------------------------------

HISTORICAL PERSPECTIVE OF THE MARKET
"...my grandmother was the daughter of the principle lab
assistant who helped Guglielmo Marconi, Nobel Prize winner in
physics in 1909, invent the radio. When Marconi was broke my
great grandfather, who was Marconi's only helper at the time,
gave his life savings to him in exchange for then worthless
Marconi stock. 1000s of shares were sold to him by Marconi for
25c/each and these shares were eventually to be worth $260 each
when Marconi became an international sensation."

>>FULL POST:
http://www.fool.com/m.asp?i=508219

=================================================================

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MsgId: msg-6709-2001-10-02_9-28-04-3408486_2_Plain_MessageAddress.msg-09:29:09(10-02-2001)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


i bet you score over 200!
---------------------- Forwarded by Eric Bass/HOU/ECT on 04/26/2000 04:46 PM
---------------------------

Matthew Lenhart
04/26/2000 04:39 PM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Fw: Corruption Test

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/26/2000
04:39 PM ---------------------------

Shirley Elliott <shelliott@dttus.com> on 04/26/2000 08:03:31 AM
To: kmcgallion@king-ranch.com, Terri@EDIarchitecture.com,
jjohnson@daewoous.com, j.cruthis@mail.utexas.edu, hallieklassen@usa.net,
Matt@TriangleTechnology.com, ryane@ideas.tocquigny.com,
sclarkson@tractebelpowerinc.com, lloyd.pope@bus.utexas.edu,
Matthew.Lenhart@enron.com, michelelefever@yahoo.com, rmoser@emjmetals.com,
Allison Damon <adamon@dttus.com>, Josh Sherman <jsherman@dttus.com>, Maria
Vigil <mvigil@dttus.com>
cc:

Subject: Fw: Corruption Test

   I think we've all seen a different version of this.

______________________________ Forward Header
__________________________________
Subject: Fw: Corruption Test
Author:  scody@acplasticsinc.com at Internet-USA
Date:    4/26/2000 8:00 AM

E-mail me back and let me know what you scored.

 - CORRUPTI.EXE
 - RFC-822.TXT
---------------------------- Forwarded with Changes
---------------------------
From: scody@acplasticsinc.com at Internet-USA
Date: 4/26/00 8:00AM -0500
To: Shirley Elliott at DTT.US.HOUSTON
*To: mjmyers@wt.net at Internet-USA
*To: matt_devine@standardandpoors.com at Internet-USA
*To: SABLICA@COMPUSERVE.COM at Internet-USA
*To: GATMAN@acplasticsinc.com at Internet-USA
*To: ashcrof@hs.utc.com at Internet-USA
*To: WALDRON50@YAHOO.COM at Internet-USA
*To: elvindarden@hotmail.com at Internet-USA
*To: deven.l.williams@us.arthurandersen.com at Internet-USA
Subject: Fw: Corruption Test
------------------------------------------------------------------------------
-


Scott,

We got the numbers. They are about $4.00/kw-mo, not yet good enough. Ben and
I will try to talk to you first thing tomorrow morning. The model is ready
for doing sensitivity analysis. Let's talk about modelling and capacity
pricing. Thanks.

Jinsung
(Ext: 37330)


Attached is the management Report for Feb 24, 2000.

External Trading

 Total  24-Feb-00  To Date

 Number of Transactions   983   34,289
 Gross Notional Value $   258,555,094   10,940,945,355

 Revenue from Physical flows to date ($)    357,573,682

 Number of New Counterparties transacting today    4
 Number of Counterparties having transacted to date    226

 N.A. Gas

 Number of Transactions   801   28,371
 Volume of Transactions (mmbtu's)   132,759,574   5,623,731,527
 Gross Notional Value $   185,910,567   8,836,748,157

 UK Gas

 Number of Transactions   21   1,842
 Volume of Transactions (mmbtu's)   2,937,500   230,851,500
 Gross Notional Value $   5,901,258   462,088,010

 Belgium Gas

 Number of Transactions   -     75
 Volume of Transactions (mmbtu's)   -     15,555,000
 Gross Notional Value $   -     30,465,447

 U.S. Power

 Number of Transactions   119   2,912
 Volume of Transactions (MWh's)   1,244,721   22,946,455
 Gross Notional Value $   45,760,484   809,480,694

 UK Power

 Number of Transactions   5   148
 Volume of Transactions (MWh's)   302,280   6,515,593
 Gross Notional Value $   11,789,563   254,511,152

 Swiss Power

 Number of Transactions   1   24
 Volume of Transactions (MWh's)   89   40,266
 Gross Notional Value $   1,510   897,272

 German Power

 Number of Transactions   24   167
 Volume of Transactions (MWh's)   185,765   1,353,303
 Gross Notional Value $   3,539,236   25,611,968

 Spanish Power

 Number of Transactions   2   6
 Volume of Transactions (MWh's)   6,034,248   17,713,650
 Gross Notional Value $   175,132   631,836

 Norwegian Power

 Number of Transactions   4   91
 Volume of Transactions (MWh's)   84,720   1,654,944
 Gross Notional Value $   1,294,423   24,322,326

 Crude & Products

 Number of Transactions   -     233
 Volume of Transactions (BBl's)   -     25,767,697
 Gross Notional Value $   -     352,893,001

 Petchems

 Number of Transactions   1   34
 Volume of Transactions    8,000   296,000
 Gross Notional Value $   3,240,000   33,512,900

 LPG

 Number of Transactions   3   161
 Volume of Transactions (BBl's)   24,000   1,856,000
 Gross Notional Value $   816,000   63,566,000

 U.S. Coal

 Number of Transactions   1   74
 Volume of Transactions (st)   3   2,033,328
 Gross Notional Value $   126,000   25,674,683

 U.S. Pulp & Paper

 Number of Transactions   -     4
 Volume of Transactions (st)   -     2,550
 Gross Notional Value $   -     1,500,750

 Emmissions

 Number of Transactions   -     58
 Volume of Transactions   -     145,000
 Gross Notional Value $   -     18,982,650

 U.S. Weather

 Number of Transactions   1   89
 Volume of Transactions    1   94
 Gross Notional Value $   920   58,510

 UK Weather

 Number of Transactions   -     11
 Volume of Transactions    -     11
 Gross Notional Value $   -     3,061

 Number of Users Logging onto EnronOnline:
 External Users with Execution rights    763
 External Users with No Execution Rights    95

 Internal Trading
 24-Feb-00  To Date
 Gas

 Number of Transactions   101   2,325
 Volume of Transactions (mmbtu's)   47,172,678   936,595,782
 Gross Notional Value $   90,047,730   1,597,151,851

 Power

 Number of Transactions   18   58
 Volume of Transactions (MWh's)   289,204   752,271
 Gross Notional Value $   6,994,291   23,157,566

 Coal

 Number of Transactions   -     -
 Volume of Transactions (st)   -     -
 Gross Notional Value $   -     -

 Emmissions

 Number of Transactions   -     -
 Volume of Transactions (st)   -     -
 Gross Notional Value $   -     -

 Total

 Number of Transactions   119   2,383
 Gross Notional Value $   97,042,022   1,620,309,417

Regards

Louise


I'm sorry for the delay on this, Tim. I've been in contact with Will Smith in
Houston since yesterday to try to fix the problem of PX, Imbalance, and Tie
Point deals uploading as Enron Online deals. Here are the correct statistics.


We can honor the original ticket grants.

 -----Original Message-----
From: 	Black, Tamara Jae
Sent:	Monday, July 02, 2001 10:23 AM
To:	Presto, Kevin M.
Subject:	Astros Tickets

Kevin,

Quick question....do you want me to still hand out the Astros Tickets to the group that went over to EES or do you want to offer them to new people who have joined us?

Anna Santucci
Rogers Herndon
Jim Homco
Narsimha Misra

Please let me know,

Tjae


I have sent a justification for the PBA ($2K) to Amy (per her request).  She has sent it along to Houston.

 -----Original Message-----
From: 	Belden, Tim
Sent:	Wednesday, September 05, 2001 9:10 AM
To:	Crandall, Sean; Scholtes, Diana
Subject:	PBA for Cara

What's the status with it???


I'm missing the following liquidation on Ontariio for Dec. 2000:

 Enron Canada - Sitara #65059 - TAGG #EU0747.A - $86,789.96


Dan,

You and Greg are dining w/Greg Brady, President of I2 & Mark Skoda, CEO of
Freight Matrix @ 7:00p.m. tomorrow night.

   McCormick & Schmick's Seafood (713-840-7900)
   1151 Uptown Park Blvd
   (between San Felipe & 610 Loop - Galleria Area)
   Reservation under: Whalley

Liz


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/30/2001
12:07 PM ---------------------------

"Ryan Lee" <ralee@rmi.net> on 04/27/2001 03:33:09 PM
To: <Matthew.Lenhart@enron.com>
cc:

Subject: Re: Coors fiels Baby!

I'd go top-shelf.  Are we getting laid in Vegas?
----- Original Message -----
From: <Matthew.Lenhart@enron.com>
To: <ralee@rmi.net>
Sent: Friday, April 27, 2001 11:49 AM
Subject: Re: Coors fiels Baby!

>
> i was going to come home this weekend if you knew them.  we would have to
> set up a service contract with those chicks.
>