I made it to NYC with no problem.  The weather is nice enough, but windy.
I'm on my way to a meeting.


Vince,

Here is your new location on the 32nd floor.

Have a wonderful morning!
---------------------- Forwarded by Kevin G Moore/HOU/ECT on 04/28/2000 07:48
AM ---------------------------

Kevin G Moore
04/28/2000 07:49 AM
To: Lisa B Cousino/HOU/ECT@ECT, Heather Choate/HOU/ECT@ECT
cc:
Subject: Churn List

Goodmorning ,
Today is the day for the great move.

Well I certainly hope this is not a bother.
I have a few changes since a few members has
left our group.

New Locations

Sam Smith  -EB3274A
Elena Chilkina - EB3274B  (Michael Sergeev)
Patricia Tlapek - EB3273A
Vince Kaminski - EB3273B
EB7273C - Vacant  (Roman Zadorozhny)

If you are not able to make changes on the churn list ,
please be aware that we are going to label all items to
the locations listed , whereby these  items will be at the
locations listed above.

Please if you need more information feel free to call
x34710.

Hope this day be a Good One for you !

                                      Thanks
                                  Kevin Moore


This is the first of the two articles re Enron and Lay.
----- Forwarded by Aleck Dadson/TOR/ECT on 06/26/2001 08:38 AM -----

	Aleck Dadson
	06/20/2001 08:18 AM

		 To: Eric Thode/Enron@EnronXGate
		 cc:
		 Subject:

FYI - an article about California and Ken Lay by one of Peter Foster's
colleagues
June 14, 2001

Priggish and piggish in California

Mark Steyn
National Post
A hurricane devastated Tristan da Cunha last month. It swept in May 23, but
no one heard about it till the other day because it damaged the island's
radio link to the outside world. The storm blew sheep into the chilly South
Atlantic, killed many cattle, damaged every single home on the island,
demolished the hospital and community centre, blew the roof off the radio
station, and wrecked the Albatross, the only pub in the only village,
Edinburgh of the Seven Seas. For a week after the storm, the entire island
was without electricity.
And no one in the rest of the world knew a thing about it! Not the island's
colonial masters in London. Not the Governor, who doesn't actually reside
there but prefers to live 1,260 miles away on St. Helena, Tristan da Cunha's
nearest neighbour. (St. Helena is Manhattan to Tristan's Weehawken, New
Jersey.) Plunked in the ocean midway between Argentina and South Africa,
Tristan da Cunha is the world's most isolated human settlement. Its contact
with the rest of humanity is limited to one annual visit from a British
supply vessel, plus the occasional cruise ship, which anchors offshore when
it's safe to do so.
Now that's living off the grid.
The East India Company won a charter to settle Tristan in 1658, and it's been
a Crown colony since 1834, populated by a handful of families from the
Scottish borders. There are just seven surnames on the island: Glass, Green,
Hagan, Lavarello, Repetto, Rogers and Swain. All 290 of them turned up in
London 40 years ago, when the island's volcano erupted and they were
evacuated to the Imperial capital. In the roaring traffic's boom, midst the
glitter of one of the world's great cities, the islanders voted to return
home -- though even getting there was tricky, as their landing dock was
covered in lava. Today the colony is virtually self-sufficient in food and
has a reasonably thriving economy based on crawfish and selling its
commemorative postage stamps to overseas philatelists.
London has offered o75,000 to repair the communications equipment and pay for
a new hospital. (You can build a hospital for under 75,000 quid? Amazing.)
Otherwise, the islanders are just doing what they usually do: making the best
of things. While they're waiting for the new hospital, they've arranged for a
South African fishing vessel to ferry out a second-hand X-ray machine when it
sails next week.
Now, consider by way of contrast, the inhabitants of what George W. Bush
amusingly calls "the great state of California." Once upon a time, California
was, like they say of Tristan da Cunha, "the furthest thing," at least in
terms of the North American continent. Today, with a population the size of
Canada's, it's one of the world's largest economies, the home base of
America's biggest industry -- entertainment. But inside many a studio
vice-president is a Tristan da Cunha islander trying to get out. Deep in
their hearts (assuming, for the purposes of discussion, that studio
vice-presidents have hearts), they share the same rugged virtues as the
Tristanians, though they prefer something a little better than a $100,000
hospital and they've no desire to scrape a living from catching crawfish, but
if the pool boy wants to have a go up the deep end he's welcome to try.
And therein lies the contradiction. California's self-inflicted energy crisis
has exposed the preposterousness of poseur-conservationism in a booming
economy. Which state has the most rigorous conservation program? California.
Which has the lowest per capita electricity consumption? California. And
which state is panicking at the prospect of a summer of rolling blackouts? By
now impeccably progressive California should have learned the hard way that
conservation is not a viable policy for a non-stagnant economy.
Instead, a rolling blackout here, a rolling blackout there, and they're
running around like headless chickens. Governor Gray Davis is lashing out at
everyone in sight -- Bush and Cheney are "irresponsible," the power
generators are "unconscionable" -- no, wait, they're "snakes" and "robber
barons." And how do you treat unconscionable robber snakes like Ken Lay, CEO
of Enron Corp.? "I would love," said Bill Lockyer, California's
Attorney-General, "to personally escort Lay to an 8x10 cell that he could
share with a tattooed dude who says, 'Hi, my name is Spike, honey.' "
As the state's Attorney-General, Mr. Lockyer cannot summarily sentence
citizens to anal rape, but no doubt, once the guy's convicted, he can make
some quiet recommendations as to appropriate cell mates. Fortunately for Mr.
Lay, as chief exec of the world's largest energy trader, he doesn't live in
California, he lives in Texas. Indeed, very few of the folks the State of
California would like to sic Spike on are within their jurisdiction:
Doubtless the taxpayers of British Columbia, whose BC Hydro has been living
high off the hog on California's woes, could also use a little light buggery,
but I can't see a Canadian court approving extradition. Nevertheless, in a
state that's over-regulated, bans new power plants and is addicted to price
caps, Mr. Lockyer has ingeniously managed to come up with yet another
disincentive for anybody in the energy business to relocate to La-la-land.
California bought into the soft-eco Sierra Club illusion -- that somehow one
could be a conservationist, with no consequences for one's economic
well-being. To put it in terms Californians can understand: Suppose you build
a house out in the desert. But you don't want to buy a car, because that's
bad for the environment, isn't it? So instead every morning you call a
taxicab in the city to drive out, pick you up and take you into the office.
Not only does it have no environmental benefit but there's no point bitching
and whining because the driver charges you a fare that bears no relation to
the cost of gas.
Yet that's what Governor Davis and the Anal Attorney are demanding: price
caps. Through its own incompetence, California is wholly dependent on energy
generators and distributors from other jurisdictions. But it expects those
companies to forgo the interests of their own stockholders and service
California -- i.e., Hollywood and Silicon Valley -- as an act of public
welfare. "A 500% profit is swine-like, piggish and totally unreasonable,"
says Medea Benjamin of the California human rights group Global Exchange.
She may have a point, but, if California's going to institute price caps,
they might like to start closer to home. After all, if Enron's board members
don't really need those big salaries, do Paramount's or Universal's? I mean,
sure, Ken Lay has an easy job, but how difficult is it for an exec honcho in
Century City to sit at a desk and greenlight another John Travolta flop every
couple of months? I mean, surely, the guy could do the job on, oh, $25,000 a
year. And that'd be good for conservation, 'cause he'd have to give up the
Merc and the Cherokee and the LearJet and take the bus. And how about
Travolta? Instead of $20-million per picture, maybe he could get by on just
two or three and the remaining $17-million could be put into those renewable
energy projects he's so keen on. I mean, a $20-million salary isn't just
swine-like, it's piggish, right?
Since its entry into the Union, California has had what we 19th-century
imperialists call "responsible government." Tristan da Cunha doesn't. Yet its
community leaders are behaving far more maturely and responsibly than
California's. Gray Davis is acting not like the elected Governor of an
American state but the appointed Governor of a Crown colony, feverishly
cabling head office to send somebody out to rescue him. You're on your own,
man. And, if California conservationists find rolling blackouts too onerous,
they should try spending a week in the dark, cut off from the outside world
and knowing that, even when the radio starts working again, it's going to
take months for the second-hand X-ray machine to arrive.
[Back]


price changed to 420.00

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

Subject: natsource checkout

570324
broker has 420.00


Patrice here are the two guarantees as discussed.  I have redlined the changes for your customer to review.  Please give me a call if you have any questions.

DP

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


Mark, which attorney is handling this matter? Jim

 -----Original Message-----
From: 	Gold, Joe
Sent:	Wednesday, November 07, 2001 10:38 AM
To:	McMahon, Jeffrey; Sherriff, John
Cc:	Kitchen, Louise; Bowen Jr., Raymond; Brown, Michael - COO London; Gold, Joe; Derrick Jr., James; Farmer, Michael; Heffron, Kevin; Hutchinson, Michael; Jones, Timothy; Lynch, Drew
Subject:	EML Capital Adequacy and Liquidity

Jeff / John,

We have drafted a note relating to the business operations of Enron Metals Limited (EML). As you know we have been particularly concerned about watching our cash position and thought that it would be of benefit for you to understand the unique situation that EML has from a regulatory standpoint. After your review, we would be happy to set up a meeting to discuss. If you concur with the actions suggested, please advise.  If there is any balance sheet, debtor/creditor or cash forecast information that you require, please let us know.

Drew Lynch, Kevin Heffron, Jonathan Marsh, and Joe Gold

Introduction

Enron Metals Limited  (EML) maintains a unique position within Enron Corp.  EML is one of Enron's two businesses regulated by the UK Financial Services Authority (FSA - the UK financial regulator) and Enron's only remaining brokerage business.  Given its special status, EML has responsibilities to its clients that are codified and enforced by the rules of the FSA and the LME (metals exchange) of which it is a member.  As a result of this regulatory oversight, there are several differences between EML and Enron's other businesses:
1)	EML must conduct its business in compliance with prescriptive regulatory rules relating, among other areas to capital adequacy and conduct of business. Failure to comply with these regulatory requirements can result in disciplinary action being taken against the company itself and its officers.

2)	By virtue of its position as an LME broker, there are certain circumstances in which EML is regarded as acting as agent for its clients.  EML's policy has been to avoid acting as agent where possible; however, EML's conduct is evaluated by the FSA in light of the potential for that relationship to exist.  How EML conducts itself with clients is tightly regulated by the FSA and the LME.

3)	Because the FSA has a duty to protect the orderliness of UK markets and to protect against systemic risk, EML's position as a provider of liquidity and the potential for it to disturb the market through its conduct or lack of conduct is also an area for concern with the FSA and the LME. As a consequence of this concern, the FSA requires regulated entities to maintain prescribed amounts of capital to protect against certain risks such as position and credit risk. The rules relating to regulatory capital require FSA regulated firms to calculate a financial resources requirement in accordance with rules and to maintain financial resources in excess of this requirement. These rules are prescriptive as to the types of capital, which can be used by way of regulatory capital, and a breach of these rules is regarded as extremely serious. An ongoing ability to meet a financial resources requirement usually results in the FSA issuing an order requiring the firm to cease carrying on business.

4)	EML's board members and its traders are subject to direct regulatory oversight by the FSA and can be disciplined in their individual capacity for a breach of the rules. Penalties for individuals include significant fines and possible expulsion from the industry. The duties owed by board members under the FSA's rules are in addition to those owed under general UK law relating to directors' duties.

Directors Overriding Ring Fencing Obligation

In the light of recent developments there is a premium on being able to demonstrate to the FSA that, to the full extent possible, the financial strength of EML is ring-fenced from any financial problems being encountered by the rest of Enron.  In order to make certain that we fulfil this obligation we have changed the way we do business in the ways discussed below.

Issues Surrounding Liquidity

As we are all aware over the past week, as a result of the reputation problems the corporation has been faced with, we have substantially increased the hands on financial and managerial oversight of EML.  This was a precaution against knock on problems causing liquidity issues for EML.  Clearly the goal was to be able to feel absolutely certain that the financial standing of EML was fully and completely ring- fenced from any problems related to the non-EML related problems of Enron.  This of course needed to be accomplished within the framework of continuing to be a fully integrated Enron company as far as shared services and inter company commercial relationship was concerned

The FSA does not regulate the method under which a regulated entity obtains and distributes its cash.  In the event, that cash is lent outside of EML, it must be collateralised by an LC in order to preserve the regulatory capital of the firm; however, the firm has a number of options to preserve its day to day liquidity.

In its position as an LME broker, EML must have access to cash for two purposes.  First, it must be able to post margin to the London Clearing House (LCH).  In the event that liquidity ever prevented EML from posting collateral to the LCH, it would be in breach of the LCH rules and regulatory enforcement action could ensue. In addition it would be declared a defaulter and the LCH would have the right to close out all of its positions.  Second, it must be able to post margin to its clients.  A failure to make a contractual payment to a client would likely result in FSA action if it were referred to the FSA.  A third potential use of cash is to make payments to in-the-money clients in the event that they wish to close their account.  While there is no contractual right for a client to cash in their mark-to-market profits, the failure of EML to make such payment would cause reputation questions.

Previously, we believed there were only a small number of potential scenarios where we might be faced with not having sufficient liquidity. However certain significant components of these scenarios have unfortunately come to fruition and the amount of cash maintained by EML and its ring fencing from the rest of Enron has become a concern.  EML has or is in the process of losing $60,000,000 of unsecured LC's, which were primarily used in lieu of cash at the LCH.  EML has had to use its cash to replace or secure those LC's.  Additionally, a number of clients have requested that their accounts be transferred.  Those transfers have reduced EML's cash balance.  Was the remaining $50 mm unsecured LC (which has been issued by a single bank) to be withdrawn we are not currently in position to immediately manage the liquidity impact.

The work done and the events of this past week have highlighted the need for being fully prepared for any foreseeable eventuality.  Therefore we have agreed to start to do the following
a.	Change the way our financing works so as to maintain our excess liquidity on our own balance sheet rather than being a provider of liquidity to the rest of the enterprise
b.	Improve our overall cash management function so as to have the control as well as the oversight be the direct responsibility of EML personnel
c.	Manage the business so as to maximize liquidity within the constraints of continuing to do business on a normal basis
d.	Obtain financial information on a much more timely basis
e.	Periodically perform a number of analytical stress scenario tests so as to be certain that we continue to have sufficient internal liquidity
f.	 Undertake to formalize arrangements with EMGL for provision of additional liquidity whether on an unsecured subordinated or senior basis when our own liquidity is insufficient to run the business on normal basis

Operational Risk

In theory, EML could be run on a small cash balance held in its own accounts and rely on Enron Corp. for the remaining portion of its day to day cash needs.  EML's board have been resistant to this practice for several very practical reasons.  First, it is possible that the LCH could unexpectedly call on EML to provide a large amount of collateral on an immediate basis.  If EML relied on Enron Corp.'s daily wire transfer for its liquidity needs, it would be in danger that either a liquidity shortfall at Corp. or an accounting or administrative error somewhere in the system could trigger either capital or liquidity events as EML's clearing account at Citibank would be substantially overdrawn.  Given the likelihood that an LCH or FSA event might create a cascade for Enron, EML's board is reluctant to put that much faith in the 100% accuracy of our operational safeguards.

Capital

As noted above, EML is subject to the FSA's regulatory capital rules and must calculate its financial resources on a daily basis.  The FSA requires that EML notify it if its capital base is less than 110% of the minimum financial resources requirement.  For a variety of reasons, there were occasions when EML violated the 110% threshold on occasions in 2001. Because these violations were self-contained and easily remedied the FSA did not take enforcement action and EML instituted an internal procedure whereby it maintains financial resources in excess of 120% so that it has a sufficient buffer not to trigger the FSA notification requirement. In the current climate the FSA has expressed concerns about the possible systemic risk that might arise from Enron's perceived financial weakness. Accordingly, if one of those violations occurred today, the FSA would likely commence a formal investigation of EML and could issue an order requiring EML to cease trading in light of the need to reassure the FSA and in light of the sizable changes in EML's cash position and client positions that have been occurring on a daily basis, EML's board has been attempting to maintain a regulatory capital level of 130%.  Clearly the ability to maintain sufficient liquidity and excess capital adequacy go hand in hand.

Liquidity and Capital Adequacy Stress Testing

The stress testing noted above has been based on the following types of scenarios, which would cause liquidity issues for EML

1)	Changes in market prices causing additional losses by internal or external clients for whom we either provide credit or receive margin collateral rather than cash resulting in EML financing these losses at the LCH
2)	Changes in market prices causing additional losses by the EML house account resulting in EML financing these losses at the LCH
3)	Clients with credit balances transferring those balances to other LME brokers
4)	Withdrawal of LCH letters of guaranty by the providing banks and the inability to replace the bank guaranty on an unsecured basis resulting in cash being placed either with the issuing bank or the LCH directly
5)	Credit exposures leading to credit losses

Recommendations

The result of the stress testing has been to make us consider the following changes to the way we do our business in addition to trying to increase overall operational liquidity

1)	To fully draw down the remaining $25 mm available under the  $125 mm subordinated facility
2)	To monetize the inter-company marked to market positions (+$20 mm)
3)	To increase the subordinated facility to $175 mm and extend the maturity by six months to July 2002
4)	To monetize to the degree possible all external marked to market profits and other assets held by EML
5)	To stop providing credit for in house Enron counterparts and to switch to a either one way or mutually margining with a zero or very low threshold for calling margin
6)	To stop providing or reduce the amount of credit for clients, other than a select group of key relationship clients
7)	To continue to move large physical positions to the physical trading companies (EMCL and EMCC) therefore shifting the need for inventory finance

Current Situation

Unsecured Guaranty			$65 mm
Secured Guaranty			$15 mm
Subordinated Loans			$107 mm
EML Cash Balance:			$59 mm
Cash required to replace
Withdrawn guaranty			($20mm)

EML Regulatory Capital Level:	128%
Excess Reg. Capital over 110%:	$30 mm

Conclusion

The attached financial analysis shows the result of the initial stress testing.
The analysis shows certain low probability sets of circumstances where we would have liquidity issues.  Given these possible eventualities we would urge that we move forward on points noted in bold above in addition to completing point f in the Issues Surrounding Liquidity Section


Speak of the devil.  Tino called, all full of optimism and questions.  They
have pitched the DOE a deal in which Dennis builds three 50 Mw turbines on
the Isleta, and a 7 mile power line to DOE's distribution lines.  The project
will apparently be 100%debt financed, with DOE agreeing to pay a firm demand
charge rate of between 8 and 9 cents/kwh.  That rate is supposedly high
enough to service the debt on a 10 year amort. basis (remember, DOE can only
sign 10 year contracts).  DOE is interested, says Tino, because of the
redundant, dedicated facilities and enhanced reliability, and because Dennis
and Tino pitched DOE on all the $$$$ DOE will make from the surplus power
sales.  Dennis apparently pitched them a "share the upside" deal under which
DOE keeps most of the revenue from surplus sales.  Tino showed DOE the July
spot prices at 4 Corners, which Tino said included many days over $200/Mwh
and they got all excited.  DOE has done a similar share the upside deal at
one of its facilities in Calif. Tino says and they have occasionally come out
net positive on elec. costs in some months so they like the approach.  Tino
had two questions:
1.  Does TW have 30-40,000/d of permian capacity available starting sometime
in 2001 or 2002?  (I realize we have probably answered this question about 5
times, but lets do it again for him).
2.  Is there someone at ENA Tino can talk to about a getting a quote for long
term and/or short term power purchase prices for Four Corners delivery?   If
he can get something the DOE thinks is a good price, they m ay just sell all
the surplus power forward.  If not, they'll just hang on to it and sell it
into the cash market in monthly and daily deals.

Thanks.  DF


Ken,  Could you please verify the legal name for the Enron entity that will
be the counterparty in the temp. interconnect agreement.  Is it Enron Clean
Fuels Company?

Gerald


Hey guys,

I talked to Kayne on Monday about the various contracts we have with MDEA to ensure they continued for 2002.  KOCH, NRG, and SEPA all carry over. However, as Mike confirmed in checkouts, SEPA does NOT flow on weekends or holidays and SEPA puts out the tag without consulting us even though the schedule changes regularly.   Currently there is no SEPA schedule in OATI or the services contract book starting 01/07/2002.   Make sure when we do the next day schedules the SEPA contract matches OATI once SEPA puts out the new tags.

Last month we didn't have to place as close attention when scheduling because SEPA put out a tag for the entire month and Laura matched it in the services book for us.

And for your reference, the January Entergy OASIS #  for WR to MDEA (30MW all day) is: 1025604 (Daily NN-6).

Happy New Year!

Carrie


Some interesting background materials
----- Forwarded by Elizabeth Sager/HOU/ECT on 06/07/2000 10:32 AM -----

	"WINNIE HOWARD" <HOWARD@wrightlaw.com>
	05/26/2000 02:41 PM

		 To: <elizabeth.sager@enron.com>, <jhartso@enron.com>
		 cc:
		 Subject:

 - 1003-468-147.doc
 - 1003-467-147.doc
 - MemoForceMajeureABP.doc


CALENDAR ENTRY:	APPOINTMENT

Description:
	Weekly Priority Mtg./Raetta

Date:		9/13/2001
Time:		9:30 AM - 10:30 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Last February (2001) House Bill 284 was proposed in the New
Hampshire legislature.  The bill was one of the most progressive
multipollutant plans to be proposed in the U.S. and the only one
with specific reduction requirements for all four pollutants (SO2,
NOx, mercury and CO2).  Since then officials, interest groups
and energy industry representatives have been negotiating to
modify the bill so that all parties involved could support the
legislation.  November 6, 2001 the new draft of HB 284 was
released.  A summary of the bill and significant changes from the
February draft follow.

The bill is applicable to existing fossil fuel power plants.  New
Hampshire has 3 grandfathered power plants built before 1977:
Merrimack Station in Bow, Schiller Station in Portsmouth, and
Newington Station in Newington; all three belong to Public
Service of New Hampshire (PSNH).  This bill is specifically
aimed at controlling emissions from these plants, however the
language of the bill is somewhat vague and could include other
existing units.  We are waiting for a response from the state on
this issue.

The new caps will be applied year round.  Allowances are
output-based and trading is allowed for SO2, NOx, and CO2.
The rule language also allows for trading of mercury, however
the supplementary information does not list mercury as a
tradable pollutant.  We are looking into this.   Caps are as
follows:

*   SO2 emissions: 7,289 tpy.  This is a 75% reduction from
    current levels by the end of 2006.  This is the same cap
    as the original bill, but achieved a year earlier.
*   NOx emissions: 3,644 tpy.  This is a 70% reduction from
    current levels by the end of 2006.  This too is the same
    cap as the original bill, and it will also be achieved a year
    sooner.
*   CO2 emissions: 5,425,866 tpy.  This reduction will put
    emissions at 1990 levels by 2010.  This change aligns
    the target and timetable for carbon reductions with those
    of the New England Governors and Eastern Canadian
    Premiers Climate Change Action Plan, adopted in
    August 2001.  A lower cap for years after 2010 will be
    recommended no later then April 2004.
*   A cap for mercury emissions from coal burning plants must
    be recommended to the Legislature by the Department
    of Environmental Services by early 2004.  This schedule
    allows the cap to be set taking into account a specific
    assessment of mercury emissions from PSNH's facilities
    and the results of federal mercury limits that will be
    proposed by the US EPA in late 2003.

Affected units must file compliance plans to meet the
requirements of the new bill and to describe monitoring and
reporting procedures for mercury content in emissions.  Caps
may be met through reductions or trading.  Allowances from
federal and regional trading programs may be used as well,
however mercury credits from other programs are only valid for
reductions above the level required by federal limits.  An SO2
allowance from an upwind state will be upgraded by 25%,
meaning 0.8 tons purchased from an upwind state will be
credited as 1.0 allowances by the state.  NOx DERCs cannot
be used for compliance from May to September.  Credit will be
given for early reductions of CO2 and Mercury.

Voluntary expenditures by PSNH for energy efficiency,
renewable energy, and conservation programs will be rewarded
by a number of allowances equivalent to the cost of the
renewable, efficiency and conservation programs.

The bill will be introduced as an amendment to HB 284, which
was retained from the 2001 Legislative Session.  Action on the
bill early in the 2002 Legislative Session, which starts in January,
is anticipated.

Mary Schoen
Environmental Strategies
Enron Corp
415.782.7803 (phone)
415.782.7854 (fax)


Thanks so much for the call back.  Here it is.  It's got temperature and %RH from end of May to early November.  Couple of things.  I tried to keep and save heat days (cumulative) on the graph, but for some reason, it won't stick.  I'm assuming that you know how to add just about anything you want to the graph.  If not, let me know.

Also, the data should be cut off for about a week at both the front end and the back end (to account for the time that it was in my apartment prior to setting in up on the property, and before I was able to download it in November).  Once you get a chance to look at, give a call and let me know what you think.

If the temperature range looks like it's around the ballpark for vines, I'll want to get Terry Rosetti up to do some soil testing, but wanted to get your take on the temperature, etc. first.  Really appreciate all your help.  My number is 415.782.7822.

Best,
Jeff


Erik,
I will be available earlier than 5:30 for an informal discussion.  I will be in the office Monday and Tuesday of this week.   I will be out the remainder of the week on vacation.
Let me know if this works.

JForney

-----Original Message-----
From: Simpson, Erik
Sent: Sunday, August 19, 2001 11:08 PM
To: Will, Lloyd; Gilbert-smith, Doug; Forney, John M.
Subject: RE: Jobs on the power desk

Doug and John,

Can I move our interview/meeting to 5:30pm monday?  I need to finish up some interviews on the gas desk from 1pm to 5:30pm. Thanks for your consideration.

Erik Simpson
Resume attached

-----Original Message-----
From: Will, Lloyd
Sent: Thu 8/16/2001 7:54 AM
To: Simpson, Erik
Cc: Woulfe, Greg
Subject: RE: Jobs on the power desk

Hows 5PM on Thursday or Friday look.  Just have Claudia Guerra 853-4588  place the time in my calendar.

Thanks.

-----Original Message-----
From: Simpson, Erik
Sent: Wednesday, August 15, 2001 4:40 PM
To: Will, Lloyd
Cc: Woulfe, Greg
Subject: Jobs on the power desk

Lloyd,

I wanted to try to set up an appointment with you regarding any opportunities on the power desk.

I have worked for Greg Woulfe and Jim Fallon managing the advertising trading in EBS and formerly on the Coal desk for Dan Reck and George McClellan.

How does your schedule look tomorrow or Friday?

Thanks for your time,

Erik Simpson
3-0600


Greg,

You and I met at your office last summer to discuss Aprimo's Marketing
Management Solution. At the time, you indicated that there would be other
people at Enron that I should speak with. My assigned territory changed
shortly after our meeting, and I did not follow-up on these contacts. I am
once again responsible for Enron, and would appreciate your direction to the
appropriate individuals at Enron.

Our web-based solution has been adopted by over 60 leading companies over the
past 18 months. They are seeing rapid value from Aprimo's unique ability to
help them Grow Top-Line Revenue (more effective Marketing) and Reduce
Bottom-line Cost (more efficient Marketing). With the opportunities facing
Enron, I'm certain that maximizing your Marketing Investments is of interest
to the Executive Team and your Shareholders.

Our solution is delivering improvements across all Marketing Functions, such
as:

- Event Management
- Marcom
- Marketing Financial Management
- Strategic Planning
- Direct Marketing
- Web Response
- Lead Management

Leading Analysts have identified Aprimo as the clear leader in Enterprise
Marketing Management. I would like to arrange brief discovery meetings with
some of the individuals responsible for Marketing's contribution to Enron's
growth.

I would appreciate any direction that you and Liz can provide.

Regards,
Vince LaGrange
Aprimo, Inc.???????
(940) 321-9787 - Office
(940) 390-8097 - Mobile
vince.lagrange@aprimo.com
9901 E. Valley Ranch Parkway
Suite 2000
Irving, TX 75063
?
"Aprimo Marketing - Managing the Business of Marketing"


Cheryl and Sara:

Attached is a revised draft of the Assignment and Assumption Agreement.  I
attach only a clean copy since a blackline would be as confusing as it is
helpful.

Regards,

Anna Meytina

 <<Enron Assign Assumpt_.doc>>

> -----Original Message-----
> From: Cheryl.Nelson@enron.com [SMTP:Cheryl.Nelson@enron.com]
> Sent: Friday, March 30, 2001 2:18 PM
> To: Meytina, Anna Confidential Memo-Counsel (Exchange)
> Cc: Sara.Shackleton@enron.com
> Subject: Re: Institutional Account Agreement
>
>
> Hi Sara, Anna and I have recommended that you call her to give your
> perspective on an outstanding concern that Anna maintains with respect to
> the Assignment Agreement.  Anna and her MD want specifically to discuss
> the
> substance of the Exhibit that you would like to attach to the Agreement.
> Call me first so that if I am not at lunch (I am leaving for a late lunch
> in the next fifteen minutes) I can join in.  Otherwise, please call Anna
> directly at 212-272-2727.
>
> Cheryl Nelson
> Senior Counsel
> EB3816
> (713) 345-4693

 - Enron Assign Assumpt_.doc
***********************************************************************
Bear Stearns is not responsible for any recommendation, solicitation,
offer or agreement or any information about any transaction, customer
account or account activity contained in this communication.
***********************************************************************


Weekly, I prepare and distribute the attached report which I call "Weekly Highlights". This report outlines the volumes of trade confirmations prepared for the week.  Just thought that you might find the numbers interesting.  If you are interested in receiving this weekly, let me know.

Kim Theriot


Branches:  only relates to those branches of a multibranch party, which under ISDA can ONLY be a bank.

Restrictions:  Things put in the restrictions column should be those things so critical to trading, payment/settlement or contract formation that you should not enter into a trade unless you read it.  It is not a place to dump general legal negotiation stuff.  Examples would be:  "masters limited to natural gas or crude oil trading only", "no payment netting between energy commodity and interest rate and currency transactions", "no oral trades allowed", "only the treasurer can enter to trades for the company", "all agreements for this counterparty require two signatures".  You can do a sort on the PENDING SWAP UPDATE - EXECUTED, which will then show you all the restrictions, then scroll down and look at the type of restrictions entered into for the different companies to get a flavor for these types of restrictions.  But we don't want to junk it up with general legal negotiation stuff.  Just critical, DON'T TRADE UNLESS YOU LOOK AT THIS STUFF.

 -----Original Message-----
From: 	Fox, Anna
Sent:	Monday, November 05, 2001 10:53 AM
To:	Jones, Tana
Subject:	Financial Trading Agreement Database

Hi Tana

I am entering my first ISDA on the database and have a couple of questions and because the database is your baby I thought it best to ask you.

Branches: does that mean Enron branches and/or counterparty branches?
Restrictions: does that mean whether we have included for example FX and Currency provisions?

Kind regards,
Anna Fox
Enron
Ph.  +4420 778 36403
Fax. +4420 778 31850


FYI -

We had only one discrepancy between the El Paso model and the CARP report for July. Our checkout with Kathy and the Settlements group took approximately five minutes, as opposed to the five days we spent sorting it out last month. Thank you for your diligence and attention to detail in dealing with El Paso - you've made me very proud. Keep up the good work.

Thanks,
Kate


Paul,

Thanks for your message. Look fwd to your call.

Vince

"Paul Bristow" <pbristow@riskwaters.com> on 10/19/2000 07:25:21 AM
Please respond to "Paul Bristow" <pbristow@riskwaters.com>
To: <pbristow@riskwaters.com>
cc:
Subject: Power 2000/EPRM 2001

As a speaker at EPRM's highly successful Power 2000 event in  Houston, I am
writing to inform you of our 2001 annual congress and to introduce  myself. I
will be responsible for the production of all North American EPRM  events
having moved from our banking conference and training course division in
July. Just to update you on the whereabouts of the EPRM team, Emma Wolfin is
developing our technology events for Waters conferences and Joel Hanley will
be  starting his new role as an EPRM journalist from November 1st.

EPRM 2001 will be held in Houston on the 14th, 15th & 16th  of May and I am
keen to start the initial research as soon as possible. I intend  to call
each Power 2000 speaker within the next two weeks. Initially, I would  like
to provide you with advanced notice of the event and wish to clarify some
issues.

What current industry developments merit streams or pre/post conference
seminars at EPRM 2001?

What research are you or your company involved in that would justify
inclusion in EPRM 2001?

Aside from your own work, what subjects are currently at the  cutting-edge of
energy risk management?

Who else would you recommend as a potential speaker? (Regulatory bodies,
academics, practitioners)

Any assistance at this initial stage of research is  appreciated. You can
email me or call on +44 20 7484 9883. I look forward to  working with you on
this event.

Paul Bristow

Senior Conference Producer, EPRM  Conferences


These deals were entered to flatten out the traders' positions in the PX. You
shouldn't see the index being used on any deals past tomorrow (the exchange
closes effective Feb. 1), but Bob Badeer and Matt Motley both had positions
they needed to back out of. They turned around and bought the same amount at
the Dow Jones index. Hope this helps!

Kate

	From:  Sharen Cason                           01/30/2001 04:15 PM

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

Subject: 509018 and 508957

Ditto.  These two are priced against the PX index also.

Thanks!
---------------------- Forwarded by Sharen Cason/HOU/ECT on 01/30/2001 06:12
PM ---------------------------

	Enron North America Corp.

	From:  Sharen Cason                           01/30/2001 06:04 PM

To: Kate Symes/PDX/ECT@ECT
cc:
Subject: #509086

This deal lis entered against the PX index.  We have been told by Chris
Foster that this index is going away.  Can you check and see if this is the
correct index?

Thanks!


Molly,

This is the list of people we can ask to interview Iris.
I would include one (or possibly more) people from  each group below,
depending on availability.

1. Debbie Brackett or Bill Bradford
2. Ted Murphy, Bjorn Hagelman or David Port
3. Mark Tawney  or Joe Hrgovcic
4. Greg Whalley or Louise Kitchen

I shall send a message to them explaining that we try to identify the best
fit for a good
candidate.

Vince

	Enron North America Corp.

	From:  Molly Magee                           12/18/2000 11:57 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: Iris Mack

Iris would like to come on Thursday, 12/28/2000, to visit with you and your
group.  She will be in New Orleans, and will just fly in for the day.

Molly


----- Forwarded by Sara Shackleton/HOU/ECT on 11/13/2000 09:24 AM -----

	Teresa G Bushman
	11/10/2000 05:19 PM

		 To: Sara Shackleton/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT
		 cc:
		 Subject: Joshua Tree Financing Structure

Per my voicemails.  Please provide comments sometime on Monday if possible.
Thanks very much for your assistance.

Teresa

Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com

----- Forwarded by Teresa G Bushman/HOU/ECT on 11/10/2000 04:56 PM -----

	Nora Dobin@ENRON
	11/10/2000 11:14 AM

		 To: Tim Proffitt/HOU/ECT@ECT, Chris Herron/Corp/Enron@Enron, Cris
Sherman/HOU/ECT@ECT, Kevin Liss/Corp/Enron@ENRON, Teresa G
Bushman/HOU/ECT@ECT, Scott Josey/Corp/Enron@ENRON, John Thompson/LON/ECT@ECT,
Jesus Melendrez/Corp/Enron@Enron
		 cc: Brenda L Funk/HOU/ECT@ECT, rainj@tklaw.com
		 Subject: Joshua Tree Financing Structure

In preparation for the 2:00 p.m. meeting today regarding the Bank of America
term sheet, please consider the following:

(1) Proposed Trust/LLC Structure.  Trust would own 99% of LLC with ENA as
managing member owning other 1%.   LLC would purchase/own VPPs.

 Legal prefers the two-tier structure but

 (i)  would prefer the use of a Delaware business trust with Wilmington Trust
Company as the trustee instead of a Texas trust to own equity in underlying
LLC/LP, and

 (ii) as to the proposed Delaware limited liability company which would own
the VPPs, asks the tax and commercial teams to consider (a) whether this
entity might or will derive significant income from Texas based
properties/operations or otherwise be subject to material Texas franchise
tax, and (b) if so, whether we should use a Texas limited partnership instead
of the LLC.

(2) Proposed Certificate and Trust Terms and Conditions.

Clarify that certificate holders commit to fund their pro rata portion of
aggregate A and B loans/investments (similar to contribution obligations of
equity owners of  LLC, i.e., LLC terms expressly provide that Trust and ENA
must make pro rata (to their respective ownership interests) contributions to
LLC for purchase price of VPPs].
Identity of A and B holders, e.g., banks get A and [who?] get B?

(3) LLC Terms.

Is proposed 99% and 1% ownership of LLC by Trust and ENA (as managing
member), respectively, ok?  Same ownership percentages if we use LP?

VPP commercial and legal teams need to determine acceptability of proposed
terms of:

(i) Master Balancing Agreement between LLC and ENA,  Note re item 1 of
Mandatory Cost Advances:  only require ENA to make specified expenditures
where it has control of, or not prohibited by, specific situation or
governing contract.
(ii) Master Natural Gas Purchase and Sale Agreement between LLC and [need to
determine correct Enron  counterparty since Enron Gas Marketing, Inc. does
not exist] (provide for Texas governing law?),
(iii) Master Crude Oil Purchase and Sale Agreement between LLC and Enron
Reserve Acquisition Corp. (correct counterparty?  provide for Texas governing
law?), and
(iv) Eligibility/engineering criteria for new VPPs.  Query regarding item
10:  why can't LLC buy a VPP from a seller in  bankruptcy on a free-and-clear
basis?

Clarify whether specified New Company Asset Procedures are alternatives (i.e.
, either proposed new VPPs (1) meet specified eligibility criteria as
certified by ENA or independent third party, or (2) new VPP are approved by
Engineering Banks (with no objection by majority of Trust certificate
holders, rather thaneither proposed new VPPs (i) meet specified eligibility
criteria as certified by ENA and independent third party, or (ii) new VPP are
approved by Engineering Banks (with no objection by majority of Trust
certificate holders).

Enron Corp. Performance Guaranty.  Presumably "performance" guaranty is one
of payment or can be reduced to a pre-agreed payment amount.  Try for Texas
governing law.  Start with Enron Corp. standard form of guarantee with
revolver reps and covenants.

(4) Swaps (interest rate and energy price)

Should these be assets of Trust or LLC/LP?  Any related tax issues?
Who is swap counterparty (ENA?)
Is non-ISDA format acceptable?  If so, is Texas law (as opposed to NY law
typically covering an ISDA) ok?

(5) Production Pricing Flexibility

 Consider consistency between pricing parameters contained in VPP purchase
documents on the one hand (e.g., Crescendo), and financing documents on the
other hand (e.g., Master Purchase Agreements under (3) above and swaps under
(4) above).

Regards, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com


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Per Jane's email, I think we can definitely approve them to trade Japanese
products.  I want to confirm with her the approval for the rest of the
products, tho I think they'll probably be OK too.  So today, you could open
them for Japan.
----- Forwarded by Tana Jones/HOU/ECT on 10/24/2000 10:27 AM -----

	Jane McBride@ENRON
	10/23/2000 07:20 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Idemitsu Kosan Co Ltd

Dear Tana,

This is a big company so in terms of general counter party approval they are
fine.

Jane McBride
Senior Legal Counsel
Enron Japan Corp.

Otemachi 1st Square Bldg.
West 11th Floor
1-5-1 Otemachi, Chiyoda-ku
Tokyo 100-0004
Japan

Tel.:       81-3-5219-4500 (Main)
              81-3-5219-4553 (Direct)
Fax:       81-3-5219-4510

Assistant (Maggy Yamanishi)
Tel.:        81-3-5219-4554
Email:      Yo.Yamanishi@enron.com

	Tana Jones@ECT
	10/24/2000 07:53 AM

		 To: Jane McBride/AP/Enron@Enron
		 cc:
		 Subject: Re: Idemitsu Kosan Co Ltd

I just got a call from the online team, and there is a rush push on from
London to get this counterparty approved ASAP.  Since you are the key person,
I thought I'd pull you into the loop.  This counterparty should be coming
thru on tomorrow's approval list.  I know you've got to do your due
diligence, so if you could let me know how long it will take to get back to
me I can let the EOL and London people know.  Much thanks!

P.S.  I enjoyed chatting with you at the seminar!
----- Forwarded by Tana Jones/HOU/ECT on 10/23/2000 05:49 PM -----

	Lisa Lees
	10/23/2000 05:27 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Idemitsu Kosan Co Ltd

As discussed, here is the name of the Japanese counterparty that will be on
credit's next approval matrix.

Thanks.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/23/2000 05:21 PM
---------------------------

From:  John Suttle
 10/23/2000 04:38 PM

To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Lara Fields/LON/ECT@ECT, Anna Gardiner/LON/ECT@ECT, Neil R
Anderson/LON/ECT@ECT, Lisa Lees/HOU/ECT@ECT
Subject: Re: Idemitsu Kosan Co Ltd

Given the recent confusion on this counterparty and the push to have them
approved - I will review Idemitsu today and have recommendations by late this
afternoon.

Justin Timothy@ENRON_DEVELOPMENT
10/17/2000 11:40 PM
To: John Suttle@ECT
cc:
Subject: Re: Idemitsu Kosan Co Ltd

John

FYI

Justin
---------------------- Forwarded by Justin Timothy/ENRON_DEVELOPMENT on
18/10/2000 03:40 PM ---------------------------

Justin Timothy
18/10/2000 03:36 PM
To: Anna Gardiner/LON/ECT@ECT
cc: Frank L Davis@ECT

Subject: Re: Idemitsu Kosan Co Ltd

Anna,

I just wanted to confirm with you that all fuel & liquids customers,
including those from Singapore, are being handled by credit in Houston now
that the responsibility for Global Products has moved from London to Houston.
I spoke with Sheri Thomas & Tom Moran (Houston credit) this morning & they
both agreed that these (Asia Pacific) counterparties should now be handled by
Houston. However there still appears to be some confusion over this issue so
I would appreciate it if you could send a reply confirming that this is the
understanding at your end so as to avoid any further confusion.

Many thanks

Justin

Anna Gardiner@ECT
10/10/2000 07:55 PM
To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Frank L Davis/HOU/ECT@ECT, Enron London - EOL Product Control
Group/LON/ECT@ECT, Amita Gosalia/LON/ECT@ECT, Bo Petersen/LON/ECT@ECT, Lara
Fields/LON/ECT@ECT

Subject: Idemitsu Kosan Co Ltd

Justin

I spoke with Frank Davis in Houston yesterday about this PA and he agreed
that Houston PCG would ensure that this customer was reviewed in Houston and
set up as soon as possible.  I have also confirmed with Frank and Amita
Gosalia the situation with regards to responsibilities for Japan when
processing PAs.  Japan has always been the responsibility of the Houston PCG
except in the case of metals customers which are approved by credit and legal
in London.

It would seem that this is an issue that needs to be discussed further
between the London, Houston and Australia groups to establish responsibilites
further. Hopefully this will ensure that this type of confusion does not
occur again and delay the processing of a customer application.

Rgds

Anna

Justin Timothy@ENRON_DEVELOPMENT
09/10/2000 07:27
To: Bo Petersen/LON/ECT@ECT
cc: Lara Fields@ECT

Subject: Re: Idemitsu Kosan Co, Ltd

Bo,

I put Idemitsu's PA into the database  for credit review on Sept 26 & it was
picked up by John Suttle in Houston. I haven't heard anything since & seeing
as they appear to be a fuel & oils customer I have today changed the RAC to
London so that the PA can be processed over there, which is probably where it
should have gone in the first place. I apologise for the delay and
inconvenience however there was initially some confusion between myself &
Houston as to where Asia Pacific fuel & oil customers should be processed.

Regards

Justin
PCG - Sydney

Sent by: Lara Fields@ECT
To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Bo Petersen/LON/ECT@ECT, Enron London - EOL Product Control
Group/LON/ECT@ECT

Subject: Idemitsu Kosan Co, Ltd

Justin,

Idemitsu Kosan in Japan sent in a PA on 29 Sept to your office.

Bo Petersen of our Global Products team has been getting calls from them
wanting to know the status of their PA as they are very anxious to get online.

The database says 'Credit Reviewing' - can you please feed back any comments
or updates to Bo and the London PCG directly?  I will be out of the office on
Monday and want to ensure that Bo knows what to tell the customer should they
call again.

Thank you,
Lara


I heard.  I'm just pulling intop garage and will call back in a minute
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Calif. Senate Panel To Cite Reliant, Enron For Contempt
Dow Jones Energy Service, 07/19/01
Davis administration tells consultants to sell energy stocks
Associated Press Newswires, 07/19/01
INDIA: AES threatens to abandon Indian venture.
Reuters English News Service, 07/19/01
N Amer Pwr Highlights: Natural Gas Futures Drop Below $3
Dow Jones Energy Service, 07/19/01
FERC Agenda Eyes Tightening Of Pipeline Affiliate Rules
Dow Jones Energy Service, 07/19/

AES CEO Meeting Indian Power Minister on Dabhol, Paper Report
Bloomberg, 07/19/01

AES Corp. May Exit Indian Power Venture Over Past-Due Payments
Bloomberg, 07/19/01

Calif. Senate Panel To Cite Reliant, Enron For Contempt

07/19/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

(This article was originally published Wednesday.)

LOS ANGELES -(Dow Jones)- A California Senate committee Wednesday voted to cite Reliant Energy (REI) with contempt because the company has refused to provide documents for an investigation into wholesale electricity prices in the state, said committee Chairman Joe Dunn, D-Santa Ana.
The committee also voted to forward a contempt charge for Enron Corp (ENE) to the full Senate, where it will be voted on. If the charge is approved, the Senate will vote on punishment, which could include hefty fines or incarceration of executives.
Talks between Enron and committee attorneys Monday seemed to indicate the company would agree to committee demands, but since then it has become clear the company doesn't plan to comply, Dunn said.
"If you had asked two days ago I'd have said we are cautiously optimistic about Enron. Now I'm pessimistic about it. We felt they were indicating to us a willingness to do what the other generators were willing to do, but the bottom line is that they are not, despite their cooperative-sounding words. We are no closer to them coming into compliance than we were a week ago," Dunn said.
The Senate Select Committee to Investigate Market Manipulation is requesting that Reliant and Enron provide 16 kinds of documents related to market behavior, rent a depository for the documents, and sign the committee's version of a confidentiality agreement. Both generators have refused to meet those demands, Dunn said.
The committee will drop its contempt charges at any time before a full Senate vote if either generator agrees to its requests.
A report detailing Enron's contempt charge will be sent to the full Senate on Thursday for introduction, but is expected to be referred to the Senate Rules Committee for review before a floor vote.
Dunn said he didn't know how long the report would be considered in the Rules Committee, but he will "certainly push them to do it as soon as possible."
Enron spokesman Mark Palmer said the company "will continue to negotiate" with the committee.
Legislators are scheduled to begin a monthlong break Friday, but aren't certain that will happen because they still need to pass a budget bill and are trying to approve a bill to rescue Edison International (EIX) unit Southern California Edison before leaving.
Dunn said it would take a few days to prepare a report on Reliant's contempt charge.
"We may not be able to forward that report to the Senate floor until the day we get back from recess," Dunn said.
No one at Reliant could be immediately reached for comment.
The committee originally was poised to cite seven other electricity generators for contempt, but all eventually agreed to provide the requested information.
A Reliant spokesman said later that the company's main difference with the committee centered on the signing of the confidentiality agreement. Reliant would rather the committee secure a protective order before the company turns over the requested documents, said spokesman Richard Wheatley.
"We respectfully decline to waive our objections, because we have a lot of trade secrets and proprietary information at stake," he said.
When asked if the company would take legal action against the committee, Wheatley said Reliant was "keeping all options open."
"But, really, we hope to work this out on an informal basis," Wheatley said. "We don't think this is that big of a stumbling block."
Enron filed suit against the committee last week over objections to its subpoena of certain financial documents, and said at hearings last week that it may sue over its contempt charge as well.
-By Jessica Berthold, Dow Jones Newswires; 310-962-2843; jessica.berthold@dowjones.com

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

Davis administration tells consultants to sell energy stocks

07/19/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

SACRAMENTO (AP) - The Davis administration on Wednesday told consultants buying energy for the state to sell their stock holdings in energy companies immediately or quit their jobs.
Nine consultants divested by a noon deadline, but critics said the order by Gov. Gray Davis came months too late to protect the public's interest.
The order, issued at Davis' direction, was contained in a memo to Tom Hannigan, director of the state Department of Water Resources. Legal Affairs Secretary Barry Goode wrote that it was "imperative that you give instruction immediately" to those concerned.
"We expect, and have always expected, the state's consultants to uphold the highest ethical standards," the memo states. "That standard is not met by those who hold a financial interest in one or more energy companies while trading on behalf of the state on energy related matters.
Under pressure from Secretary of State Bill Jones, a Republican who hopes to challenge Democrat Davis for re-election next year, the administration moved to obtain statements of economic interest from the energy consultants. The consultants were hired earlier this year to advise the Department of Water Resources on electricity purchases for California's financially strapped utilities.
The economic statements showed that several consultants held stock in energy generators, including Calpine Corp. and Enron. One consultant reported he sold stock holdings in Edison International and Dynegy when he began work for the state.

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

INDIA: AES threatens to abandon Indian venture.
By Himangshu Watts

07/19/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, July 19 (Reuters) - U.S. energy firm AES Corp may walk out of a troubled distribution venture in eastern India due to a difficult regulatory enivironment, the firm's CEO said on Thursday.
Dennis Bakke told reporters AES will sell its 51-percent stake in CESCO, a distribution firm in the eastern province of Orissa, unless the firm was paid its dues, allowed to raise tariffs and given a better operating environment.
"If satisfactory resolution of these matters is not expeditiously reached, AES will be forced to abandon its commitment to the distribution company," he said.
AES holds a 49 percent stake in Orissa Power Generation Corporation (OPGC), which runs a 420-MW plant in the state and sells power to state-run Gridco, a state-run transmission firm.
Bakke said Gridco owed OPGC about $45 million and the U.S. firm had filed for arbitration in Orissa to recover the dues accumulated over two and a half years.
He said GRIDCO was not paying OPGC, the generating company, saying that CESCO, the distribution firm, owed it money.
"These are standalone businesses, and there is no basis for any such linkage or offset," he said.
Bakke said the state's regulatory commission had ordered CESCO to transfer all receivables collected into an escrow account, but the company could not abide by the instruction as it needed money to pay its employees.
However, it complied after the local government initiated criminal proceedings against the managing director of CESCO, he said. AES will deposit all revenues into the escrow account.
"Hence funds will not be available to pay the 8,500 CESCO employees salaries due July 31 and thereafter."
He said the regulatory regime in Orissa fixed tariffs at levels which did not allow it to recover its costs.
Orissa officials were not immediately available for comment.
He said AES was considering selling its stake in CESCO but could enter into a management contract in the transition period.
However, AES will look at other opportunities in India if it finds a better regulatory environment.
Bakke said AES had not made any proposal to take over Enron Corp's troubled Dabhol project but it was a "potential business" in which it might be interested at some stage.
Apart from Enron, which has threatened to walk out of its $2.9-billion Indian venture, U.S. firm, Cogentrix, and Electricite de France have also packed their bags.
India, whose 100,000 MW generation capacity is 13 percent short of demand, began power reforms in the early 1990s to attract foreign investment to increase power availability to industry and almost 80,000 villages without electricity.

N Amer Pwr Highlights: Natural Gas Futures Drop Below $3

07/19/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

General News *Nymex Natural Gas Futures Below $3/MMBTu For 1st Time In 15 Mo>r/nerc
*FERC Set To Act Wed On Calif Power Sales Refunds>r/wscc
*Calif. Senate Panel Cite Reliant, Enron For Contempt>R/WSCC
*Midwest Power-Grid Operator Mulls Plan To Span Regions>R/MAIN
*Ill. Officials: Midwest Generation's Emissions Are Normal>r/main
*Amer Elec Power 2Q Ongoing Earnings To Exceed Plan>r/nerc
*Calpine In 10-Yr Pact To Sell 100MW Power To Exelon>r/main
*FERC Agenda Eyes Tightening Of Pipeline Affiliate Rules>r/nerc

Nuclear News *NC 1,100-MW McGuire 2 Up To 60% Power; Rising>R/SERC
*Wis. 512-MW Pt Beach 1 Ramping Up To Full Power>R/MAIN
*Ill. 1,145-MW Byron 1;1,145-MW Byron 2 Up To 100%>R/MAIN
*Texas 1,150-MW Comanche Pk 2 In Start Up From Reactor Trip>R/ERCT
Fossil News *SD 110-MW Of New Pwr On Line; 240-MW Due Soon>R/MAPP
*Texas 500-MW PSEG,Panda Pwr Plant Began Commercial Ops>R/ERCT

Markets *Northeast Power: Prices Steady To Lower On Temps, Loads>R/maac
*Texas Power: Prices Fall As Nuclear Plant Returns To Grid>R/ERCT
*West Power: Daily Mkt Down On Sat Inclusion, Mild Fri Weather>R/WSCC
*Midwest Power: Prices Slide On Weak Natural Gas Prices>R/ECAR

FERC Agenda Eyes Tightening Of Pipeline Affiliate Rules
By Bryan Lee

07/19/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

OF DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Federal energy regulators are scheduled to act next week on new rules affecting natural gas pipeline affiliate dealings.
Sources say the U.S. Federal Energy Regulatory Commission is debating action at next Wednesday's open meeting to tighten up rules prohibiting pipelines from providing market-sensitive information to marketing affiliates.
FERC rules allow monopoly pipeline companies to market natural gas in competitive markets providing they adopt codes of conduct that prevent the passing of information that provides a competitive advantage to their gas-marketing affiliates.
Similar rules are in place on the electric side for vertically integrated utilities with marketing units competing in wholesale power markets.
The changes under consideration stem from the commission's investigation of El Paso Natural Gas Co.'s (EPG) controversial contract with a marketing affiliate for pipeline capacity into California, according to sources.
The affiliate transaction has been blamed for California's dramatic runup in natural gas prices over the past year, which contributed to the state's unprecedentedly high electricity costs last year.
The proposed code-of-conduct changes also reflect the sweeping convergence between the natural gas and power sectors in the years since FERC deregulated the pipeline industry in the 1980s.
FERC's rules prohibit pipelines from sharing market-sensitive information with their gas-marketing affiliates. But the rules don't address the pipeline's power marketing affiliates. The commission is looking to expand the code-of-conduct rules to address all marketing affiliates, sources said.
These sources say the template for the pending change can be found in the conditions FERC imposed in a 1999 order authorizing the acquisition of Pittsburgh-based Consolidated Natural Gas by Dominion Resources (D).
The commission approved the electricity-natural gas convergence merger, contingent on Dominion agreeing to adopt codes of conduct applying equally to its gas and power marketing affiliates.
The planned rule changes would apply to electric utilities with pipeline investments, such as CMS Energy (CMS), Duke Energy (DUK) and American Electric Power Co. (AEP). It is unclear how the changes would affect joint operating agreements, such as the one between Entergy Corp. (ETR) and privately held Koch Industries.
But the largest impact will be for large pipeline companies with extensive power marketing operations and investments in power plants.
For example, El Paso, Williams Cos. (WMB) and Enron Corp. (ENE), represent about 70% of the interstate pipeline industry and are among the nation's top power marketers and merchant power plant developers.
One FERC source described the order scheduled for commission vote next week as "a work in progress," while another said the matter is in such a state of flux that "it might not be safe to write anything yet."

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

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

AES CEO Meeting Indian Power Minister on Dabhol, Paper Reports
2001-07-19 02:00 (New York)
 New Delhi, July 19 (Bloomberg) -- AES Corp. Chief Executive
Dennis Bakke will likely discuss taking over Enron Corp.'s Dabhol
Power Co. when he meets India's power minister Suresh Prabhu
today, Business Standard said, without citing officials.
     Dabhol, 65 percent owned by Enron, and Maharashtra State
Electricity Board, its only customer, have been quarrelling for
seven months over unpaid bills. The board has stopped
buying power from Dabhol and construction work on the $3 billion
plant was halted last month after lenders stopped funding it.
     Bakke will also likely discuss AES's own payment problems at
its 49 percent owned Orissa Power Generation Co. in eastern Orissa
state, the paper said. AES is struggling to recover 2.1 billion
rupees ($44 million) owed it by the state-run transmission
company, the Business Standard reported earlier.
     Bakke is also likely to meet India's Finance Minister
Yashwant Sinha, the paper said.
--Ravil Shirodkar in the New Delhi newsroom (91 11) 334 8812, or
at rshirodkar@bloomberg.net /rb
Story illustration: To graph the shares of Enron Corp, click
ES Corp. May Exit Indian Power Venture Over Past-Due Payments
2001-07-19 15:35 (New York)

AES Corp. May Exit Indian Power Venture Over Past-Due Payments
	 New Delhi, July 19 (Bloomberg) -- AES Corp., the biggest U.S.
power company, said it may withdraw from a power distribution
venture in India's eastern Orissa state because of unpaid bills.
     AES, which runs a 420-megawatt power plant in Orissa, is owed
$44 million by the state-run transmission company, of which the
U.S. company owns 49 percent. AES Chief Executive Dennis Bakke met
with India's power minister Suresh Prabhu in New Delhi today.
     ``We have to take such drastic steps when we don't get
paid,'' said Sandra Ross, an official in AES's investor relations
department in Arlington, Virginia. ``These issues have to get
resolved.''
     AES is the latest in a series of overseas power companies
that have faced payment problems or withdrawn investment from the
country citing delays, bureaucracy and the slow pace of reforms.
India says it needs $200 billion to double the nation's generating
capacity and avoid power failures that last year swept across much
of northern India. Blackouts are common in many Indian cities.
     ``AES will be forced to abandon its commitment to the
distribution company'' if the past-due bills aren't paid, AES's
Bakke said on Star TV, broadcast in India today. He said AES is
filing for arbitration of the dispute.

                               Enron

     Enron Corp.'s Dabhol Power Co. and a state electricity board
in India's western state of Maharashtra have been quarrelling for
seven months over $64 million of unpaid bills. The board, Dahbol's
sole customer, stopped buying power from the unit, saying it's too
expensive. Construction of the $3 billion plant's second phase
stopped last month after lenders cut funding.
     Four other foreign power companies, including Electricite de
France, Europe's largest, have pulled out of Indian power projects
worth $3 billion.
     ``We're not happy with the way things are,'' said AES's Ross.
``In the future, if payments resume, we could buy it back.''
     Arlington, Virginia-based AES owns stakes in 173 power plants
generating 59,000 megawatts worldwide, including utilities in the
U.S. and Latin America.
     AES owns 49 percent of the Orissa Power Generation Co. that
supplies 600,000 customers in eastern India.
     AES shares rose as much as $1.37, or 3.8 percent, to $37.80.

--Ravil Shirodkar and Anindya Mukherjee in the New Delhi newsroom
(91 11) 334 8812, or at rshirodkar@bloomberg.net /rb


Bob -

Thanks for the information and access id's.

As I indicated in my voice mail earlier today, the standard process is to run
these deals through one central point and to ensure that a review of all
descriptions and information related to each respective product to be traded
is undertaken by a Legal Dept. member.   As you will note from the list of
cc's, I have included legal dept. members involved in the physical power,
physical gas and financial products areas.  These people will need to review
the product definitions/descriptions - if any - on the Tradequote site, as
well as any other items associated with these products.  Accordingly, each of
these individuals also needs a password/user id for due diligence purposes.

I have almost completed my review of the Access Agreement and the other
documents on the site (available without a password).  I can complete the
review process only after Brent, Dan and Shari have completed their on-line
product reviews and provided any comments.

We can further discuss this at 3:30.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com

	Bob Shults@ECT
	02/28/2001 02:31 PM

		 To: Mark Greenberg, Travis.McCullough@enron.com, jdenny@enron.com, Robert B
Cass/HOU/ECT@ECT
		 cc:
		 Subject: User ids and passwords

I have obtained guest ids for the Truequotes due diligence.
---------------------- Forwarded by Bob Shults/HOU/ECT on 02/28/2001 02:22 PM
---------------------------

"Trevor Atkins" <trevor.atkins@truequote.com> on 02/28/2001 03:16:02 PM
To: <bob.shults@enron.com>
cc:
Subject: User ids and passwords

Bob,

Per your request, the following userids and passwords can be used to access
the system:

Bob Shults

user id       bshults
password   01enron

Mark Greenberg

user id       mgreenberg
password   02enron

Travis McCullough

user id       tmccull
password   03enron

Rob Cass

user id       robcass
password   04enron

Jennifer Denny

userid        jdenny
password   05enron

If you have any questions, please feel free to contact me at your
convenience.

Thank you,

Trevor L. Atkins

Trevor L. Atkins
Project Manager
True Quote, LLC
work:  (502) 212-4900 or (800) 327-1499
direct:  (502) 212-4912
fax:  (502) 212-4907
email:  trevor.atkins@truequote.com


Mark,

Attached are some updates to the FAQ's. The FAQ LJK version is redlined.

Could you please have a look over the changes and modify/approve on behalf of
legal?

Thanks,

Dave
---------------------- Forwarded by David Forster/LON/ECT on 25/10/99 14:03
---------------------------

Louise Kitchen
25/10/99 01:02
To: David Forster/LON/ECT@ECT, Elena Kapralova/LON/ECT@ECT
cc:
Subject:


Attached is a copy of my letter to the Power Pool of Alberta for your
information.


Alexandra Jones
817 Bancroft Way
Berkeley, CA 94710
alexandra@tgharchs.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Alexandra Jones


Hey there!  How have you been?  I haven't talked to you in forever.  We need
to get together soon.  What's going on this weekend?  I should be around
Saturday, so let me know if you'll be around.  Hope that everything is going
well :)  I MISS YOU!!!  Talk to you soon.

Love,

Val
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


My friend at CPSB (Johnny Forbes) and I were talking last night and he told
me that RHLP had been running test on their Ranger system which is the system
that will run CPSB generation and interface with the ISO.  Johnny says that
for the last three weeks, each time that RHLP had tried to run the Ranger
system the Joint ACE and the units would not respond.  Their are many bugs in
the system!

Johnny said the CPSB Ranger system is still in a box on the floor in the
Control Room.  Their is talk at CPSB that it will be at least three months
before the ISO begins to work as planned.

Johnny also told me that the Texas State Senate had passed some sort of Bill
that would allow Ercot to postpone the Deregulation process.  According to
Johnny,  ERCOT is just waiting for someone  ( ENRON, RHLP, AEP-CNTRL etc. )
to say they are not ready before they exercise this option.

I hope this information is of some value and not just some gossip!

Steve


Mark, for right now, I would not suggest we pursue any external hires. We are going to see  a lot of internal staff from different business groups looking for work.

BT


Mom and Dad,
I will be sure to tell her.  Any other news?  Will send you an update soon. All goes well.
Macedonia surprisingly impressive; green valleys tucked in between snow-dusted mountains, neat farms and villages and not as desperately poor as I had read (at least as this all appeared from the window of the plane).  We happened to arrive at the same time Secretary of State Colin Powell; the airport was surrounded by several helicopters hovering like dragonflies; road into town lined with KFOR (from Kosovo, just 30 km away) soldiers and local police; we got delayed for 20 minutes or so as Powell's motorcade passed, reminding me of a time when I was stuck in a similar traffic jam in Chicago caused by the passing of father Bush.  While there we met with a pimply-faced Minister of Transportation and made little progress in our negotiations as deal breaking "collateral" issue came up; I had a nice evening stoll through the old ruins of an Ottoman fort and dropped in on an Eastern Orthodox church ceremony (which I found beautiful though a b! it creepy, as the worshipping spaces in their churches are small, crowded with the pious and made to seem further cramped by the smoke of incense and walls completely covered with icons).  Heard no gun fire or bomb blasts from the nearby hills, where recently some Albanian rebels complaining of an absence of political adn economic rights had been trying to mess things up a bit.  I was told by local, non-Albanians, that the trouble had been exaggerated by the western press.  All very interesting.  Details will be in the book!
Love,
Mark
>From: TOMSKILLJR@aol.com
>To: markskilling@hotmail.com
>CC: jskilli@enron.com, TOMSKILLJR@aol.com, tskilling@tribune.com
>Subject: Pictures
>Date: Mon, 16 Apr 2001 15:56:24 EDT
>
>Hi MARK!
> The pictures arrived today. Your letter was dated April 6 so it took
>ten days.
> Tell Sukran Mother and I think she is beautiful. We sure enjoyed
>seeing them all. I made copies for Sue and Tom and will mail them this
>afternoon.
> Thank you so much. LOTS of LOVE and KISSES to YOU and Sukran from
>MOTHER and I. DAD

Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com .


Re: Pacific Forest Resources

Unless this is another company or they have changed their name subsequent to
the execution of the ISDA Master in 1998, we have an ISDA Master in place
with this counterparty and have a copy of their Articles of Incorporation in
the file, and there is no "Inc." at the end of this company's name.  If you
would like me to send you a company of the company's Articles of
Incorporation I will be happy to do so.
----- Forwarded by Tana Jones/HOU/ECT on 05/25/2001 11:22 AM -----

	Samuel Schott/ENRON@enronXgate
	05/22/2001 02:52 PM

		 To: Aparna Rajaram/ENRON@enronXgate, Kelly Lombardi/ENRON@enronXgate, Steve
Venturatos/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT, Frank L
Davis/ENRON@enronXgate, Ken Curry/ENRON@enronXgate, Nicole
Hunter/ENRON@enronXgate, Lesli Campbell/ENRON@enronXgate, Angela Y
Brown/ENRON@enronXgate, Amber Ebow/ENRON@enronXgate, Karen
Lambert/ENRON@enronXgate, Fraisy George/ENRON@enronXgate, Tandra
Coleman/ENRON@enronXgate, Wendi Lebrocq/ENRON@enronXgate, Thu Pham
Arnold/ENRON@enronXgate
		 cc:
		 Subject: RE: ClickPaper Approvals, 05-14-01 _ GCP Response

 Any GCP adjustments will be highlighted in blue.

 Rgds.

 Samuel x3-9890
 Enron Net Works _ Global Counterparty Team


calendar
---------------------- Forwarded by Steven J Kean/HOU/EES on 08/01/2000 07:54
AM ---------------------------

Tracy L Arthur@ECT
07/31/2000 11:49 AM
To: Dan Leff/HOU/EES@EES, Jeffrey A Shankman/HOU/ECT@ECT, Louise
Kitchen/HOU/ECT@ECT, Steven J Kean/HOU/EES@EES, Rex Shelby/Enron
Communications@Enron Communications, Tod Lindholm/Enron Communications@Enron
Communications, Jeff Donahue/HOU/ECT@ECT, Jay Fitzgerald/NY/ECT@ECT, Richard
DiMichele/Enron Communications@Enron Communications, Brian
Redmond/HOU/ECT@ECT, Jeremy Blachman/HOU/EES@EES, Michael Kopper/HOU/ECT@ECT
cc: Sandy Roberts/Corp/Enron@ENRON
Subject: Welcome New Associates - Reception


---------------------- Forwarded by Eric Bass/HOU/ECT on 12/13/99 02:30 PM
---------------------------

"Bass, Jason" <Jason.Bass2@compaq.com> on 12/13/99 12:38:50 PM
To: "'Donnita Franklin'" <Donnita_Franklin@enron.com>, Eric Bass/HOU/ECT@ECT,
"'ripclaw_9dv@hotmail.com'" <ripclaw_9dv@hotmail.com>
cc:
Subject: FW: snowman

JASON BASS
Technical Support Engineer

Compa Q
 <<snowman.jpg>>
 >

 - snowman.jpg


Sue,

I am sending you this e-mail because I received your voice message well after
you left it today.  I reviewed the text files that are sent out by the book
administrators on my desks and none of them contain any deals booked to the
counterparty El Paso Gas Marketing.  All of the deals from people on my desk
are booked to the valid El Paso counterparty per our conversations.

I will be out of the office tomorrow, but I will be checking my voicemail
frequently and communicating with my group.  If the same problem arises
tomorrow, please call me at 713-305-1502 so that we can discuss, because
there has to be some other explanation for the erroneous counterparty showing
up on your report.

Thank you,

Errol McLaughlin, X5-8274


FYI.  This could be quite important for us.  Through forming a tradinf co. we
could be brokering deals on behalf of MSEB, without letting them off the hook.

In this manner we could be doing short term deals and increasing despatch
from Dabhol or other MSEB marginal units.  Any money flowing from these sales
should go into an escrow account that goes directly towards payment of DPC
bills.

In this manner we would be increasing the payment ability of MSEB.

Regards,
Sandeep.
---------------------- Forwarded by Sandeep Kohli/ENRON_DEVELOPMENT on
01/29/2001 08:45 PM ---------------------------

K Seethayya
01/29/2001 03:49 PM
To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Neil
McGregor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Jane Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mohan
Gurunath/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Power Trading

Wade: The Group of Ministers on Foreign Investment had decided to recommend
foreign equity participation upto 100% for trading in power sector, subject
to prevailing laws. However, they left the final decision to the Union
Cabinet. It is understood that a note supporting the recommendation of GoM is
being put up for consideration of Union Cabinet. Since Power Minister is
willing to support the proposal and Industry Minister is already OK with such
proposals, I don't anticipate any problem at the Cabinet level. Let us wait
and watch the developments.

Seethayya


What the hell happened this weekend?  All I can say right now is thank you
to everybody who showed up and made this weekend one of the most fun
memories ever.  And thanks to Miguel and Blake again for organizing
everything; I couldn't have done it without y'all.  Once I can put more full
sentences together, I'll write more.  Thanks again.

- Bryan

ps  If anybody has seen my Carolina shirt, my cell phone charger, my
American Express card and/or my voice, please bring them to my wedding, too.

> -----Original Message-----
> From: Mark A. Junell [SMTP:mark@junell.cc]
> Sent: Monday, June 05, 2000 10:22 PM
> To: Andrew Slocum; 'Nicholas Johnston-Advisory'; Rpaddock@hotmail.com;
> Espinosa_Miguel@gsb.stanford.edu; Jbavouse@bpl.com; Clintc@rocketball.com;
> Grimes@ncwd.net; Tyler.Hearon@nyc.rabobank.com; Cmcwhert@bankunited.com;
> Ed_Solari@enron.com; Wexler@pdq.net; Brian.Jinks@bus.utexas.edu;
> Bmartin@texas.net; Warren_Prescott@hotmail.com; Bryan.Kimzey@csfb.com
> Subject: RE: Many thanks to Miquel
>
> Yea thanks Miguel.  I feel like dog sh*t.
>
> -----Original Message-----
> From: Andrew Slocum [mailto:AndrewS@calpine.com]
> Sent: Monday, June 05, 2000 7:13 AM
> To: 'Nicholas Johnston-Advisory'; Rpaddock@Hotmail.Com;
> Espinosa_Miguel@Gsb.Stanford.Edu; Jbavouse@Bpl.Com;
> Clintc@Rocketball.Com; Grimes@Ncwd.Net; Tyler.Hearon@Nyc.Rabobank.Com;
> Cmcwhert@Bankunited.Com; Andrew Slocum; Ed_Solari@Enron.Com;
> Wexler@Pdq.Net; Brian.Jinks@Bus.Utexas.Edu; Bmartin@Texas.Net;
> Warren_Prescott@Hotmail.Com; Bryan.Kimzey@Csfb.Com; mark@junell.cc
> Subject: RE: Many thanks to Miquel
>
>
> If you remember, please bring the elvis sunglasses to Kimzey's wedding.  I
> second the motion to Miguel.   Wexler did a remarkable show yesterday
> evening, which included a lot of big easy chatter.
>
> Out
>
> -----Original Message-----
> From: Nicholas Johnston-Advisory [mailto:johnston_nicholas@jpmorgan.com]
> Sent: Monday, June 05, 2000 6:46 AM
> To: Rpaddock@Hotmail.Com; Espinosa_Miguel@Gsb.Stanford.Edu;
> Jbavouse@Bpl.Com; Clintc@Rocketball.Com; Grimes@Ncwd.Net;
> Tyler.Hearon@Nyc.Rabobank.Com; Cmcwhert@Bankunited.Com;
> Andrews@Calpine.Com; Ed_Solari@Enron.Com; Wexler@Pdq.Net;
> Brian.Jinks@Bus.Utexas.Edu; Bmartin@Texas.Net;
> Warren_Prescott@Hotmail.Com; Bryan.Kimzey@Csfb.Com; mark@junell.cc
> Subject: Many thanks to Miquel
>
>
> Great weekend - thanks to Miquel for getting us all there and hopefully
> Kimzey
> will now not miss the wonders of bachelorhood too much.
>
> Found a camera - digital one in 317 - also have the elvis sun glasses - if
> the
> rightful owner would like to step forward - and yes we know who you are.
>
> Cheers
> Nick
>
>
>
> This communication is for informational purposes only.  It is not intended
> as
> an offer or solicitation for the purchase or sale of any financial
> instrument
> or as an official confirmation of any transaction. All market prices, data
> and other information are not warranted as to completeness or accuracy and
> are subject to change without notice. Any comments or statements made
> herein
> do not necessarily reflect those of J.P. Morgan & Co. Incorporated, its
> subsidiaries and affiliates.
>

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


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/04/2001
05:37 PM ---------------------------

"Sogomonian, Aram" <Aram.Sogomonian@pacificorp.com> on 05/04/2001 02:22:02 PM
To: "'vkamins@enron.com'" <vkamins@enron.com>
cc:
Subject: schedule

Vince,

My schedule for the RISK 2001 conference in Houston is:

arrive Sunday 4/13 9pm.?

Staying at the Houstonian

depart Tuesday 4/15 5:30 pm.

Hopefully, we can get together.

thanks, Aram? (cell phone 503-701-6692)


Attached is a redline of the letter with my changes.  I will forward executables with my initials.


Steve  --
?
A  question aimed far below your pay grade.? Our most recent invoice to
Enron  (dating from April) has not yet been paid.? Our accountant, Paul
Hart,  reports that the individual to whom we had previously been told to
direct the  invoices says he is no longer the appropriate person to approve
it.
?
Any  guidance on to whom we should turn?
?
All  the best,
?
Nelson
-----Original Message-----
From: Paul Hart  [mailto:phart@ahartco.com]
Sent: Monday, June 25, 2001 11:03  AM
To: Nelson Cunningham
Subject: Enron

Nelson:
?
We spoke to Enron's accounting dept who said that the invoice  is still in
their system because James Derrick (whom all the previous invoices  have been
sent)?said that he is not the person to approve the payment. The  accountant
asked me whom he sould direct the invoice to. Please let me know your
thoughts.
?
Paul


Here is mine.  Let me know if you have any questions.

Thanks

[Germany, Chris]


Harry,

A little birdie told me today was your birthday.  Happy Birthday!!!  Hope you
have a great day and we'll see you guys this weekend.

Robin


Dear Art,

As we discussed, Enron North America (ENA) is very interested in purchasing
your Powder River gas supplies at Glenrock.  The market at Glenrock is
forecasted to be very constrained over the next 12 months until the loop of
the WIC Medicine Bow Lateral is completed.  Therefore, we are not able to
offer a firm price or firm takes during this period.  However, ENA is the top
natural gas marketer in North America, and we hold firm transportation on WIC
and CIG which is complimented by our firm markets on KMI.  These skills and
assets enable us to offer you competitive pricing and takes during this
difficult period.  Aligning yourself with ENA will prove to be valuable as
you try to bring to market your estensive Powder River production.

We will work with you to develop a portfolio of daily and monthly pricing
which will mirror you production requirements.  And as you get a better feel
for when your production will ready to flow we will be able to provide you
the market price at that time.  For consideration, we are buying other gas
under similiar monthly arrangements and are offering the following terms for
the month of January.

 Price:  80% of forecasted daily volume  at Inside FERC CIG North System
first of the month Index minus $.12
               20% of forcecated daily volume at Gas Daily CIG North System
Mid Point Index minus $.15

Generally if gas is expected to begin flowing during the month we will price
it at 100% Gas Daily minus the current market discount until a stable
production level is established.

As you get a better idea of when your gas will flow, let's discuss the
pricing at that particular point in time.  It would be helpful if you could
provide us with a forecast of your production for the next year in order for
us to build your volumes into our planning forecast.

You should have received a draft contract from our attorney, Gerald Nemec.
Please review it and discuss any questions you may have with Gerald.

We look forward to doing business with you and your company in the future.

Sincerely

Mark Whitt


Sara:

Here are the updated floating price language paragraphs for the
indices which you requested, with the negative price sentence removed.

David


As you are aware, Enron signed an agreement with Blockbuster Inc. last summer
to launch an entertainment on-demand service.  We announced today that we are
discontinuing our exclusive relationship with Blockbuster in order to expand
the offering by developing direct relationships with content providers and
distribution partners.

We have made tremendous progress toward our goal of becoming the leading
provider of entertainment on-demand over a digital platform.  We rolled out
the trial service in Seattle, Portland, Salt Lake City and New York in
December, and today subscribers are buying movies on-demand using the service
we created.

However, the exclusive relationship with Blockbuster has not yielded the
quantity and quality of movies needed to drive demand for this exciting, new
on-demand service.  Now that we have proven the concept, we want to take our
service to the next level by adding content and subscribers on an accelerated
basis.  We feel that this can be best achieved by pursuing entertainment
on-demand independently.

We intend to initiate discussions with various content providers for
delivering their content over the Enron platform.  We remain very positive
about the potential of this business for EBS and Enron and will keep you
apprised of our progress.


*~*~*~*~*~*~*~*~*~*~*~*~* Daily Riddle ~*~*~*~*~*~*~*~*~*~*~*~*~*

Today's Riddle is -

What is lighter than a feather, yet the strongest person on earth
cannot hold it for more than several minutes?

As always, you will find the answer below today's sponsor.

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Their breath.

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

---
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FYI only

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/22/2001 01:42 PM -----

	Cheryl Nelson@ENRON
	Sent by: Cheryl Nelson@ENRON
	05/22/2001 12:53 PM

		 To: Sara Shackleton/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron
		 cc:
		 Subject: Brokerage Files

Hi Sara and Stephanie,

 It is my understanding that the paralegals working on the brokerage accounts
are to (1) send documents to counterparties; (2) track their return and (3)
keep the fully executed documents received from counterparties in the file
cabinet next to Stephanie's office.

 In light of our being short-staffed in light of Samantha's absence, I have
tried to be helpful to our team by assisting in preparing the documents for
execution & getting some signatures.  I hope that has been helpful.  But once
Stephanie [or whichever legal assistant assumes her role] notes that the
documents have gone out, then that person should track the documents and be
the keeper of records.

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


-----Original Message-----
From: 	Kaminski, Vince J
Sent:	Thursday, August 23, 2001 8:29 AM
To:	'Laura Barela <laura@predict.com>'
Cc:	'n@predict.com'; 'rjn@predict.com'; 'finnoff@predict.com'; Crenshaw, Shirley
Subject:	RE: visit to Prediction

Laura,

Given Greg Whalley's schedule, the best day for us to visit with you at Santa Fe
would be Wednesday, September the 5th. WE would arrive from San Francisco, early in the morning
and we could stay through the day.

Please, let me know if this date would work for you.

Vince

 -----Original Message-----
From: 	laura@predict.com@ENRON [mailto:IMCEANOTES-laura+40predict+2Ecom+40ENRON@ENRON.com]  On Behalf Of Laura Barela <laura@predict.com>
Sent:	Friday, August 17, 2001 10:06 AM
To:	Kaminski, Vince J
Subject:	visit to Prediction

Vince,

I have heard back from Dave Weinberger regarding the date of your
visit.  He is available both days but prefers the 31st.  Please let me
know as soon as possible which day you have chosen for your visit.

Thank you,

Laura