Here's as good a treatise on the subject as I've seen.  I think this article
does an excellent job of trying to explain the recent California market
phenomenon...

Tuesday, November 28, 2000
Gas Daily

No quick fix for soaring California gas prices
In the past year, gas prices in most regions have doubled and in some cases
tripled.  But no
region has seen the breadth of the price blowout now under way in the West.
While Henry Hub futures on the NYMEX appear to be leading the way for higher
winter
prices nationally, most industry professionals are watching in amazement at
the fundamentals-driven
price surge centered in the Pacific Northwest and California.

The cost of gas in Southern California has been skyrocketing.  Prices last
week started
trading in the $7-$7.50 range and by Wednesday were trading $14-$18.
The cost of gas entering into the Northwest region of California via the N.W.
Sumas,
PG&E Citygate, and Malin interconnections also soared to incredible heights,
some pricing
nearing $20/mmBtu.

The most obvious cause of the dramatic escalation is scarcity of gas.  The
bullish fundamentals
in California include heavier-than-normal heating loads due to uncommonly
cold temperatures,
planned and unplanned nuclear plant outages that substantially increased
demand
for gas-generated power, depletion of storage in Southern California and
transmission constraints on regional pipelines.

Improving deliverability into Southern California is key to bringing the
market back into
balance, said one trader, noting constraint-causing problems that have
plagued pipelines serving
the region, including Kern River Gas Transmission, El Paso Natural Gas and
Transwestern
Pipeline.

Those problems had come to a head in part because of high summer prices that
helped
drain storage in Southern California and discouraged refill before the
winter, he said.  Now,
unseasonably cold weather has hit the region, amplifying market needs to meet
heating loads
and produce power. Add growing and competing markets in the desert Southwest
and Northern
California and you have a crisis.

&It shows that when you get all the stars aligned, there is not enough gas to
meet demand,8
he said.  At most, only 15%-20% of California,s supply of gas comes from
in-state producers, with
the other 80%-85% coming from out-of-state, said Bill Woods with the
California Energy
Commission.  Roughly 60% comes from the Southwest, 15%-20% comes from Canada,
and the rest is
Rocky Mountain supply.

&At the moment, there is a lot of gas being purchased out of Canada.  But
because of
imposed restrictions and other flow transmission problems, prices are
soaring,8 he said.
At the moment, a lot of the new gas production in the Southern California
area is mainly a
byproduct of oil exploration and production * so any new natural gas
production will be
associated with what the demand for oil is, he said.
A majority of the &dry gas8 producers are located in the northern part of the
state, which
until recently, was primarily a captive market of Pacific Gas & Electric.
But new production
efforts are under way, he said.

&I definitely think that there needs to be some additional action taken to
enhance our own
in-state production efforts, but there are a lot of bureaucratic hurdles to
contend with before a
company can just go in and start drilling,8 he said.
&Hopefully, once the cold weather comes off, and our electricity loads start
moderating,
I think pricing will adjust respectively. But until then, I guess we have no
choice but to
deal with it.8


John Massey

Daniel Reck
06/30/2000 07:49 AM
To: Kimberly Brown/HOU/ECT@ECT
cc: Scott Neal/HOU/ECT@ECT
Subject: Re: Associate PRC

Any idea which associate he might be representing?

--Dan

	Enron North America Corp.

	From:  Scott Neal                           06/29/2000 12:32 PM

Sent by: Kimberly Brown
To: Scott Neal/HOU/ECT@ECT
cc:  (bcc: Daniel Reck/HOU/ECT)
Subject: Associate PRC

Scott Neal will be represting an associate in your group.  Please forward
feedback to him no later than July 7.

Many Thanks

If you have more than one associate please contact Kimberly Brown x35193.


Jim,

Here are the key gas contacts.

   Work   Home   Cell

Phillip Allen  X37041   713-463-8626  713-410-4679

Mike Grigsby  X37031   713-780-1022  713-408-6256

Keith Holst  X37069   713-667-5889  713-502-9402

Please call me with any significant developments.

Phillip


FYI - The first document attached is the ENA/Canadian Annex A we were looking
for on Friday, which the confirm desk attaches to ENA/Canadian confirmations.
---------------------- Forwarded by Stephanie Panus/NA/Enron on 01/08/2001
08:58 AM ---------------------------

Tiffany Williams
01/08/2001 08:27 AM
To: Stephanie Panus/NA/Enron@Enron
cc:

Subject: Annexes

Tiffany


I would much rather go and annoy your happy butt as much as possible.  Plus it make me feel like I'm doing part of the work.  I just might come up and spend the night tonight.  Be there around 10:30 or 11.

 -----Original Message-----
From: 	Jerry W Germany <germanj@basf-corp.com>@ENRON
Sent:	Friday, January 25, 2002 2:34 PM
To:	Germany, Chris
Subject:

 You win!   How you want your $20.   How about in dimes, unrolled.    Don
said he  would go, but kinda hee hawing around.   I'm going so I don't have
to worry about Bonner having to wait on Don.   No sense in you going.
Just a quick trip up and back.   I'll pick me up a book to listen to on the
way.


----- Forwarded by Jeff Dasovich/NA/Enron on 01/03/2001 11:18 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	01/03/2001 11:13 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES,
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES,
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike M Smith/HOU/EES@EES,
mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul
Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard L
Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES,
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tasha
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT
		 Subject: Update--Day  of California PUC Hearings

The Commission closed the hearings last night at 7 PM.
The Commission refused all attempts by the utilities'--and there were
several--to get information on "ending the rate freeze" into the hearing
record.
The Commission is attempting to get a draft decision out at 10 AM today (PST).
If it gets out, there will be oral argument at 12:30 today (PST), with final
decision issued tomorrow at the Commission's regularly scheduled business
meeting.
If it does not get out, there will be no oral argument, and the Commission
will issue its final decision tomorrow at its regularly scheduled business
meeting.
Anything could happen but it appears at this point that the decision will
only address the need for a rate increase (rumors flyling furiously regarding
how high the increase will be), with "rate freeze" issues put off for another
day in the near future.
Yesterday, the Governor of California joined Edison's suit against FERC
calling for region-wide, hard price caps.


Who wuz receiving the bills on contracts 2.6598 and 2.6592 in December?  Wuz
it CES or Union Camp?

Thank U


Sarita,
Tell Larry Campbell that Bill Kendrick will not be coming and make no
reservations for him.  John
 -----Original Message-----
From:  Kendrick, William
Sent: Sunday, May 20, 2001 8:37 AM
To: Shafer, John
Subject: FW:

John--

While it would benefit the organization for me to go on this trip,  I don't
think it is wise to participate given the current project load.

Thanks, Bill

 -----Original Message-----
From:  Fields, Kerry
Sent: Friday, May 18, 2001 9:25 AM
To: Garza, Sarita
Cc: Shafer, John; Kendrick, William
Subject: FW:

Sarita, Bill says he will not be able to participate in this event because of
a scheduling conflict.  -kerry

 -----Original Message-----
From:  Kendrick, William
Sent: Wednesday, May 16, 2001 1:41 PM
To: Fields, Kerry
Subject: FW:

Kerry--

How does this fit with my calendar.

thanks, Bill
 -----Original Message-----
From:  Campbell, Larry
Sent: Monday, May 14, 2001 9:43 AM
To: Garza, Sarita; Kendrick, William; Rice, Randy; Shafer, John; Roensch,
David; Soldano, Louis
Cc: Flagstaff-Sta2, Team; Flagstaff-Sta3, Team; Flagstaff, Team; Gallup-Sta4,
Team; Gallup, Team; Kingman-Sta1, Team; Kingman, Team
Subject: Re:

Sarita, were all set for rooms and meals.  The itinerary is as follows.
John, Bill and Randy will fly into Flagstaff, sometime in the PM of Monday,
June 18th.  Rich, Tiny and or  I will either pick them up at the airport or
there is shuttle service to Little America, the hotel in Flagstaff for the 2
night stay.  We plan on visiting stations 3 and 4 on Tuesday.  Then 1 and 2
on Wednesday.  I dont think that we will need rental cars as Rich, Tiny and I
will have our company cars.  John had indicated that he needed to make a
Thursday meeting in Houston, so I only made reservations at Little America
for Monday and Tuesday night.  Should Randy and or Bill decide to stay over
on Thursday, we can make reservations for Wednesday also.  Let me know.   I m
not sure what Louie is doing, he had stated that he would take care of his
accomodations should he decide to make the trip.   Ive  got business at
Stations 1 and 2 on Thursday and Friday, so Ill be there the whole week.  As
for Tiny, Im sure he will be carrying Rich's luggage any where Rich needs to
go...... Sarita, what else?

From: Sarita Garza/ENRON@enronXgate on 05/14/2001 08:08 AM CDT
To: Larry Campbell/ET&S/Enron@ENRON
cc:

Subject:

Good Morning Larry -

I need an update on the meeting we are trying to set in Arizona.

Thank you,
Sarita Garza
Asst. to John Shafer
Environmental, Health & Safety
Enron Transportation Service
(713) 646-7034 Tel.
(713) 646-7867 Fax


DRIFACS --- EURO REFERENCE EXCHANGE RATES ADDED TO @FACS/DATA.

DOCUMENT:    DRIFACS DATA DICTIONARY
PAGE:                 TBD

THE FOLLOWING EURO REFERENCE EXCHANGE RATES HAVE BEEN ADDED TO @FACS/DATA.

SYNOPSIS

DATA BANK:       @FACS/DATA
FREQUENCY:     DAILY
START DATE:    5 JUNE 2001
UNITS:                   LOCAL CURRENCY/EURO
AVAILABILITY:    1:30 PM (ET)
SOURCE:              REUTERS AMERICA, INC.

SERIES NAME                                          SERIES DESCRIPTIONS
----------------------
-------------------------------------
(Embedded image moved to file: pic11078.pcx)

 - pic11078.pcx


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From: "Menu, Cecile" <Cecile.Menu@BCHydro.bc.ca>
To: 1 <pfox@bracepatt.com>, 2 <hweg@pgwlaw.com>, 3
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David Facey <David.Facey@BCHydro.bc.ca>,        Douglas Little
<Doug.Little@BCHydro.bc.ca>,        Teresa Conway
<Teresa.Conway@BCHydro.bc.ca>
Subject: FW: Calif DWR Cut Off From Using State Funds To Buy Power
Date: Mon, 19 Mar 2001 07:47:04 -0800
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2448.0)
Content-Type: text/plain; charset="iso-8859-1"

> ----------
> From:  Chu, Henry
> Sent:  2001 March 19 7:35 AM
> To:  Christopher O'Riley; David Wong; Joan Hutchinson; Powerex - ETA;
> Powerex - Middle Office; Powerex - Trading; Renata Kurschner; Sheena
> MacDonald; Teresa Conway
> Subject:  FW: Calif DWR Cut Off From Using State Funds To Buy Power
>
>
>
> ----------
> From:  Onukogu, Ernest[SMTP:Ernest.Onukogu@dowjones.com]
> Sent:  2001 March 19 7:07 AM
>
> Calif DWR Cut Off From Using State Funds To Buy Power   08:16 ET  Dow
> Jones
> Energy Service  (Copyright (c) 2001, Dow Jones & Company, Inc.)  (This
> article was originally published Friday)      LOS ANGELES (Dow Jones)--The
> California Department of Water Resources will no longer be allowed to dip
> into the state's General Fund to borrow money to buy electricity for the
> state, the chair of the state's budget committee said Friday.  The budget
> committee will deny further requests for state funds to buy electricity
> unless state regulators immediately carve out a revenue stream to allow
> the
> Department of Water Resources to recover the money, according to a letter
> state Sen. Steve Peace sent to state Department of Finance Director Tim
> Gage.  In a copy of the letter, obtained by Dow Jones Newswires, Peace,
> D-El
> Cajon, said that he is "concerned about the prospect of continuing to
> approve deficiency requests for electricity purchases...in the absence of
> any discernible progress by the California Public Utilities Commission to
> provide for the recovery of these funds."  Gage was not available for
> comment late Friday.  A PUC Administrative Law Judge was expected to
> release
> guidelines Friday on the size of rate revenues that the DWR must collect
> from the state's three investor-owned utilities.  The guidelines were not
> released as of late Friday, and a spokeswoman for PUC President Loretta
> Lynch said she did not know the reason behind the delay.  PUC Commissioner
> Richard Bilas said the commission is expected to discuss at its March 27
> meeting exactly how much money the DWR will receive from PG&E Corp. (PCG)
> unit Pacific Gas & Electric, Edison International (EIX) unit Southern
> California Edison and Sempra Energy (SRE) unit San Diego Gas & Electric.
> Last Friday, the DWR secured another $500 million from the state's General
> Fund to buy power. The state has authorized $3.7 billion to purchase
> wholesale electricity and has already burned through more than $3 billion,
> spending upwards of $50 million a day on electricity in the volatile spot
> market.  AB1X, the legislation that authorized the DWR to purchase the
> state's bulk power needs on behalf of the cash-strapped utilities, was
> signed into law two months ago.  A provision in the bill also authorized
> the
> state to issue $10 billion in revenue bonds to finance the long-term power
> supply contracts the DWR has entered into with generators. But first, the
> PUC must carve out a a revenue stream for the DWR before the bonds can be
> issued.  State Treasurer Phil Angelides said that the $10 billion will
> finance wholesale power purchases through September if the average price
> for
> power paid since January, when the DWR first began buying electricity in
> the
> spot market, is $250 a megawatt-hour.  However, California has paid well
> above $300/MWh average in January and about $228/MWh at the end of
> February,
> Gov. Gray Davis said recently.  The PUC approved a measure last week that
> allows the DWR to recover all of the money it spends on power, even if it
> means raising electricity rates.  Peace, one of the lawmakers who helped
> push through the state's deregulation law, said in the letter that he will
> meet with the Joint Legislative Budget Committee on a daily basis "for the
> purpose of denying any such future deficiency requests unless immediate
> actions are taken to resolve this situation."  -By Jason Leopold, Dow
> Jones
> Newswires; 323-658-3874; jason.leopold@dowjones.com      (END) Dow Jones
> Newswires 19-03-01  1316GMT
>
>
>


How do we immunize ourselves from the workouts being shed into Raptor?

Regards
Delainey


We need to be able to monitor everything there is to see just as we would monitor a TW on NNG interconnect.
Along with the below mentioned items from Ben, we also need  All Accums, (previous and current
mmbtu and mmcf), All Flows both MMbtu and MMcf. on all runs, 2" rotary, 4" turbine meter, 10" ultra-sonic.
All available History info..  This information request is for monitoring TW and El Paso at the Griffith Site.
Gary, Steve, Dale please review and if you think we need anything else, now is the time to speak up.  We
need as much information as possible to insure a smooth transition for gas control.  From what TW is
hearing we could take over the operation sometime next week.
Dale once we have the additional requests, will you foward them to Ben or would you like me to.  I will be
glad to help.

DS

 -----Original Message-----
From: 	Ratliff, Dale
Sent:	Friday, June 15, 2001 11:01 AM
To:	Schoolcraft, Darrell; January, Steven
Cc:	Scott, Donna
Subject:	FW: Citizens Griffith SCADA

Steve and Darrell,

This is the information that is available from the Griffith point.  Look it over and if we need more we will have to contact Ben and have someone program the RTU's differently.

Dale

 -----Original Message-----
From: 	Tanner, Ben
Sent:	Wednesday, June 13, 2001 2:38 PM
To:	Ratliff, Dale; Tanner, Ben; Roensch, David; Kneisley, George
Subject:	Citizens Griffith SCADA

Dale,

I do not have the list of "softpoints" with me that are available to Gas Control from the Citizen's Fisher ROC, but generally remember it as follows:  (we can go over it point by point Friday when I return to Roswell if you would like)

TW & ElPaso's rotary meters: flow rate, current accum, prev accum, press and temp.
TW & ElPaso's turbine meters: no data
TW & ElPaso's ultrasonic meters: no data

TW & ElPaso's station results: totalized flow rate (it would be nice to have volume and energy accums)

All the station control registers look to be adequate.  All of the two state points that we normally would treat as Digital Inputs  are treated as Analog Input variables.

If these points are sufficient, it will be straight forward to map these to modbus registers.  If more points are required, we will need permission from Citizens to modify their FSTs.  As I stated on the conference call, this work is not difficult, but may be considered to be intrusive were we will be programming lines of code in the same area that their complex station control code resides.

Ben Tanner


This deal has been changed to reflect beginning of Daylight Savings Time -
now has total of 95,100 MW - down from 95,200.

Thanks,
Kate


Just got back in the office.  Richard and I spoke this morning and plan to ring you this p.m.

Talk to you soon.

 -----Original Message-----
From: 	Mims, Patrice L.
Sent:	Friday, November 02, 2001 10:19 AM
To:	Penman, Gregg; Tomaski, Richard
Subject:	Visit to Nipsco

Hey Handsome Fellas!!!!

I'm thinking about coming up  to visit Nipsco next week.  Let's talk about a PLAN!!!

Please call when you guys have time.


Tammi  please disregard the previous e-mail.  I have sent the corrected
version to Sandra.  They are ready to sign.  I need to know about the confirm
details if I need to prepare it.  I can draft it and e-mail both contract /
confirm to Sandra.  Please advise.

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


if you have a minute sometime today, please stop by.
john


596368
broker has powerex


you really did sniff a lot of that paint


I have one principal concern in respect of one of the three structures called
the "Commodity Transit Trade" structure.  The concern relates to the passing
of title to the metal forming the subject-matter of the contract.  Under this
structure, MCC sells metal to the counterparty ("Counterparty") on a spot
basis with payment deferred (Contract 1).  Counterparty simultaneously sells
back the metal to MCC, also on a spot basis, but not on deferred payment
terms (the spot payment received Counterparty therefore constitutes the
finance) - Contract 2.

The concern is that, as the transaction has been explained to us, there may
be a delay of two or three days between (i) legal title to the metal passing
to Counterparty under Contract 1 and (ii) legal title passing back again to
MCC under Contact 2.  There is therefore a risk that an event could occur in
the interim which prevents title passing back to MCC.  The most likely event
would be the insolvency of the counterparty, but other events (eg supervening
illegality due to the imposition of sanctions) are conceivable.  More
specifically, a liquidator of Counterparty could seek to disclaim (or set
aside) Contract 2 if the market price of metal has increased during the
interim.

Consequences

The consequences stem from the fact that the metal forming the subject matter
of these financings will typically be on the high seas bound for a third
party (ie not counterparty). MCC will have a contractual obligation to
transfer good title to the metal to that third party.  If title to the metal
remains vested in Counterparty then Enron cannot fulfil this obligation to
the third party.  Conversely, if MCC completes the sale to the third party,
MCC cannot be said to have passed good title to Counterparty under Contract 1
above.  In other words, MCC could be sued for breach of contract for failure
to transfer good title to Counterparty or the third party, on the basis that
it has sold the same goods twice.

The likely downside is that Enron could be forced to perform both to
counterparty and to the third party at a loss (or to perform to one and pay
market damages to the other).  However, there is a remote possibility that
punitive damages could also be awarded against MCC on the basis that it has
sold the same goods twice, or possibly on the basis that the transactions are
not "genuine" sales of goods, but a sham (this danger should not be
exagerated and is mitigated by the choice of English law as the governing law
of the contract).

A further consequence would of course be that the financing itself would not
be capable of being completed, with the attendant loss of fees/commissions
etc, but this is probably a minor consideration.

Mitigants?

There are possible mitigants of the risk highlighted above, as follows:

Cross default - Contracts 1 and 2 will include cross default language to the
effect that if Counterparty does not execute Contract 2, Contract 1 is
cancelled.  Care should be taken to ensure that this language is wide enough
to cover all circumstances (eg if Counterparty has "executed" but not
performed Contract 2, would the cross default apply?).  More significantly,
even if the cross default language works contractually, it may be overriden
by the bankruptcy laws of the Counterparty, as invoked by Counterparty's
liquidator. In other words, the liquidator may be able to "cherry pick"
Contract 1 while renouncing Contract 2.  This could be checked on a
jurisdictional basis, if considered appropriate.

As mentioned, English law, as the governing law of the contracts, may
mitigate the risk described above to some degree, but local insolvency law in
the country of Counterparty could override the parties' choice of English law.

Probability - As a matter of crude probability, it may be regarded as fairly
unlikely that, within a narrow window of a few days or so (i) a Counterparty
goes bankrupt (ii) in a rising market and (iii) its liquidator takes the
point and insists on performance of Contract 1 while renouncing Contract,
particularly in light of the fact that Counterparty does not have posssession
of the metal and possession would be difficult to obtain.  This may be why
the issue appears not to have arisen under past transactions.  It is however
no assurance that these circumstances will not arise in the future.

Conclusion

There is a real risk of loss to MCC should the Counterparty go bankrupt after
Contact 1 above, but before performance of Contract 2.  This risk is most
accute in a rising market and is relatively unlikely to materialise in a
given case.  If it does materialise, it is hard to assess definitively the
possible loss involved, but this would be likely to be, at a minimum, the
difference between the then prevailing market price and the price of the
metal under Contract 1.

Please (anyone) let me know if you would like to discuss this before we move
to a formal DASH.

Thanks

Paul

Olivier Herbelot
01/09/2000 15:00
To: Paul Simons/LON/ECT@ECT
cc:

Subject: Re: Metal Trade Finance

Paul:  Did you have any big concerns from your point of view after this
morning's meeting ?  Olivier


Please note your calendars to reflect the following meeting:

 Date:  June 13, 2000

 Time:  10:00 am - 11:00 am

 Place:  EB 3314

 Subject: Transmissions

If you have any questions/conflicts regarding the above mentioned meeting,
please feel free to call me.

Thanks
Bev


----- Forwarded by Steven J Kean/NA/Enron on 02/13/2001 02:42 PM -----

	Sherri Sera
	02/13/2001 11:15 AM

		 To:
		 cc: (bcc: Steven J Kean/NA/Enron)
		 Subject: Bush & Cheney at dinner

Even though I'm a Bush/Cheney supporter, I had to pass this one along...

George Bush and Dick Cheney are enjoying a celebration dinner at a fancy
Washington restaurant. Their waitress approaches their table tom take their
order, and she is GORGEOUS.

She asks Cheney what he wants, and he replies,   "I'll have the heart-healthy
salad."

"Very good, sir," she replies, and turning to Bush she asks,

"And what do you want, Mr. President?"

Bush answers, "How about a quickie?"

Taken aback, the waitress slaps him and says,   "I'm shocked and disappointed
in you. I thought you were bringing in a new administration that was
committed to high principles and  morality. I'm sorry I voted for you."

With that, the waitress departed in a huff. Cheney leans over to Bush,and
says, "Mr. President, I believe that's pronounced 'quiche'


We won a PPA in Alberta.  We will know for sure on Thursday when the
government declares the auctin a success or not.  It is highly like that it
will be a success.

Please direct all detailed questions through Derek Davies in Canada
(403-974-6793)

---------------------- Forwarded by John J Lavorato/Corp/Enron on 08/21/2000
09:58 AM ---------------------------

Derek Davies@ECT
08/21/2000 10:02 AM
To: John J Lavorato/Corp/Enron@Enron, Robert Hemstock/CAL/ECT@ECT
cc:

Subject: Auction closed after round 70

---------------------- Forwarded by Derek Davies/CAL/ECT on 08/21/2000 09:02
AM ---------------------------

Amshelp <amshelp@crai.com> on 08/21/2000 09:48:49 AM
To: Amshelp <amshelp@crai.com>
cc:
Subject: Auction closed after round 70

The auction is now closed -- no more rounds will be run.  In round 70, there
were no new bids, no bid withdrawals, and no proactive waivers submitted.
In accordance with the auction rules, the Minister of Resource Development
will decide no later than Thursday, August 24 whether to accept all winning
bids or to reject all winning bids.  Names of standing high bidders will not
be revealed before the Minister's decision.

 - C.DTF


FYI
----- Forwarded by Ricardo Charvel/NA/Enron on 02/08/2001 02:44 PM -----

	Max Yzaguirre
	02/07/2001 09:27 AM

		 To: Ricardo Charvel/NA/Enron@Enron
		 cc:
		 Subject: Re: Secretary Martens to meet with Ken Lay

Ricardo:

Please call me ASAP to discuss this meeting.  I am very concerned that our
regulatory strategy is getting separated from our commercial objectives.  For
a meeting of this type, I think it would be far more beneficial for Ken to
talk about specific commercial objectives than just having a general
discussion (which, as you know, wouldn't be what Martens would be seeking).
What is the agenda?  Is there a briefing book for Ken?  If so, what does it
say about our projects and project initiatives?

Max

	Ricardo Charvel
	02/06/2001 08:54 AM

		 To: myzagui@ect.enron.com, Jaime Alatorre/NA/Enron@Enron
		 cc:
		 Subject: Secretary Martens to meet with Ken Lay

Max, Jaime,
I have been coordinating a possible visit of Secretary Martens to Ken Lay in
Houston.  The initial agreement was that the Secretary would meet with Mr.
lay on Mionday Feb. 12 at 9:00 a.m.   Nevertheless since Martens has to see
President Fox on the 12th, he is requesting to see Mr. Lay on Sunday Feb.
11th in the afternoon.

Secretary Marten's is interested in having this meeting before Feb. 16th
which is when Presidents Bush and Fox are meeting in Guanajuato.

President Fox has been making statements with respect to having a common
energy policy with North America and about electricity and gas infrastructure
interconnections ( Max, he almost said from The Yukon to Yucatan) and Martens
wants to listen to Mr. Lay's opinion and build some good will there.

I will let you know if the meeting is confirmed and when it will take place.

Best,

Ricardo


The draft of the memo looks good.  However, your memo says that the memo will
be sent to all US employees of ENA.  ENA by definition includes Canada and
Mexico.  Therefore, please send the memo to all ENA employees, not just those
in the US.  Several of those referenced in the memo as being promoted work in
our Calgary office, so the memo should certainly be sent to those employees
in Calgary.  I am at x35926 if you have any questions.


The attached schedule reflects Business Unit Cash Flow through September.  An October update will be forwarded in the next day.


Susan and Susan:
Just wanted to give you the heads up that we will need a deemed ISDA done for
this counterparty.  Jarrod and I are working on the details but could one of
you undertake to get this drafted by early afternoon tomorrow?  Thanks.
carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/05/2000 03:25 PM -----

	Michael Nguyen
	06/01/2000 11:14 AM

		 To: Paul R Henry/HOU/ECT@ECT, Tony Harris/HOU/ECT@ECT, Rajib
Saha/HOU/ECT@ECT, Seth Hurwitz/Corp/Enron@Enron, Gary Taylor/HOU/ECT@ECT,
Jarrod Cyprow/HOU/ECT@ECT, Scott Tackett/Corp/Enron@Enron, Tanya
Rohauer/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Wine Bars

---------------------- Forwarded by Michael Nguyen/HOU/ECT on 06/01/2000
11:11 AM ---------------------------

	From:  Ross McIntyre                           06/01/2000 11:05 AM

To: Michael Nguyen/HOU/ECT@ECT
cc: Mark Tawney/HOU/ECT@ECT, Steven Vu/HOU/ECT@ECT, Catherine
Woolgar/LON/ECT@ECT
Subject: Wine Bars

Mikey,

Our official and joint press release goes out on Monday. Sarah Heward from
Corneys got drunk on Tuesday night and blurted out the deal to her media pals
- hence the article in the Times.

An overview of the deal (subject to them seeing the contract)

Transaction Type:       Critical Day Index Put Option. The index will
settle on the number of Thursdays and Fridays from 1/Jun/99 to 30/9/99
where the high temperature (Tmax) recorded is 24 Celcius or higher

Type:    Put
Strike:                 9 days
Price                   1.5 days (GBP 22,500)
Client buys/sells       Buys
Payment terms:          Premium upfront
Notional amount:        GBP 15,000 per critical day
Payout limit:           GBP 135,000
Trade date:             30/5/00
Reference station       Heathrow
Fall back reference     ?
Data Sources:           Met Web site, QC data
Client name             Corney and Barrow Wine Bars Ltd (I'll confirm this)
Brokerage:    Speedwell Weather Derivatives Limited will be paid a flat fee
of GBP 500

Speedwells address is
19 St Mary at Hill
London
EC3R 8EE
tel: +44 (0)20 7929 7979

Contact person there is Stephen Doherty. He is representing Corneys in this
deal and will probably be the person to contact to get any info that you need
on Corneys.


Please pull a report detailing all incoming faxes received by fax machine
number 713/646-3483, located between EB 3115 and 3114B from September 1
through present.  WE NEED THIS REPORT IMMEDIATELY.  Time is of the essence.
Should you have any questions, please call  me at 35587 or my legal
specialist, Linda Guinn, at 36104.

Richard Sanders
RC 0630
Co. 413


When are these guys coming to Enron?

Thanks


Jeff,
 Don't you think this is a good thing? It sounds like the generators will not
be singled out and that all market players: load, gen, rate payers etc., will
need to take a little pain. This is the first time I've heard anyone say that
rate payers will take some pain. Keep sending this stuff.

Bob


I think the press report below highlights one of several areas that should
be addressed by a proper compliance program.

Spokane, Wash.-Based Utility's Legal Woes Mount

The Spokesman-Review, Spokane, Wash. -- Nov. 12
A federal agency is investigating possible violations of energy futures
trading rules at an Avista Corp. subsidiary in Houston in 1998.

Commodity Futures Trading Commission investigators want to know whether
Avista Energy intentionally manipulated the futures market to drive up the
price of a large electricity futures contract in the summer of 1998.
Avista Corp. is also dealing with other legal problems that occurred during
the tenure of Avista Chief Executive Officer Tom Matthews, who was replaced
last month as CEO and resigned as chairman of the board Friday.
Matthews has said he became a lightning rod for criticism that deflected
attention from the company's successes.
The problems include lawsuits from four former Avista Energy electricity
traders, who say their managers reneged on bonuses for racking up big
profits for the subsidiary in 1998 and 1999.
Three of the traders' lawsuits have been settled for undisclosed amounts,
the latest one last week.
In addition, Avista is preparing to defend four shareholder lawsuits over
the financial hits investors took this year from the company's $123 million
in energy trading losses at its regulated utility.
The most hush-hush of these legal wrangles involves the CFTC, an agency
created by Congress in 1974 to monitor the sale of commodity futures and
options markets nationwide.
The agency has issued a formal "order of investigation" to look into the
alleged violations at Avista Energy, said New York attorney Michael Koblenz,
a former CFTC assistant director and Eastern regional counsel.
The agency works like the Securities and Exchange Commission, which
regulates and monitors stock trading.
In May, the CFTC's Division of Enforcement issued subpoenas to several
current and former Avista Energy employees.
The agency wants information on "certain trading in the August 1998 Palo
Verde and California-Oregon border electricity futures contracts on the New
York Mercantile Exchange (NYMEX)," according to one of the subpoenas.
Avista spokesman Steve Becker declined repeated requests for comment last
week on the CFTC probe and the lawsuits against Avista.
"It's our policy not to comment on any threatened or pending litigation,"
Becker said.
Koblenz is representing Luis Pando, a former Avista Energy senior analyst
and trader, in the CFTC investigation.
Pando worked at Avista from August 1997 through March 1999 and now works for
Southern California Gas Co. in Los Angeles.
Pando is also one of the four Avista Energy traders who sued over their
bonuses. Pando says Avista owes him at least $300,000; his case is pending.
Futures contracts have been traded for more than a century for agricultural
products. In the last 20 years, the trades have expanded into many new
markets, including energy.
The contracts are used by power traders to hedge against future price
fluctuations of the energy market.
Although money changes hands on paper between marketers dealing with the
NYMEX contracts, rarely do actual kilowatts get delivered.
The CFTC has authority to bring civil charges in administrative or federal
court and can also refer alleged trading violations to the Justice
Department for possible criminal charges, Koblenz said.
"Individuals could lose their licenses and be fined, or be asked to disgorge
some of their profits. The same penalty applies to the corporate structure,"
Koblenz said.
CFTC spokesman Dennis Holden declined comment on the Avista investigation
last week. "The CFTC does not confirm or deny the existence of any
investigation," Holden said.
In a recent interview, Pando said he was questioned for two days in
September by commission investigators in New York.
"They are looking at violations of the Commodities Exchange Act. It was
intimidating," Pando said.
The investigation's focus is on an option for 800 megawatts of power that
was expiring in August 1998. A megawatt is enough to provide electricity to
600 homes.
Avista made a $4 million to $5 million profit on the deal, but a trader
outside the company complained to the New York Mercantile Exchange that
Avista traders were trying to manipulate the price, said another former
Avista Energy trader.
"The rumor is that someone leaked this trade in advance," cutting into the
potential profits of other traders, said the ex-trader, who asked not be
named in this story.
Pando says he doesn't know how he ended up on the CFTC subpoena list.
He never worked in Houston, where the trade was made, and has never traded
futures contracts. He said he sold over-the-counter physical power into the
California market from Spokane after he became an energy trader in July
1998.
"I was very surprised I was brought into this. This is a very serious
charge, but I wasn't involved," Pando said.
Meanwhile, Avista has settled three of the four energy traders' lawsuits
over their bonuses, said Robert Dunn, their Spokane attorney.
"A couple of these guys were like the Ken Griffey and Alex Rodriguez of the
power industry. They made so much money for the company it kicked them into
an unheard-of bonus category," Dunn said.
In an interview last Monday, former Avista Energy trader Michael Griswold
said he made $25 million in profits for Avista Energy in 1998 before he left
the company in the dispute over the bonuses.
His lawsuit was settled Wednesday and Griswold can no longer discuss the
case, Dunn said.
Meanwhile, a high-profile Seattle firm with expertise in securities
litigation has been named lead counsel for the Avista shareholder suits
filed last summer.
Hagens and Berman represented Washington, Idaho and 11 other states as
special attorneys general in the recent litigation against the tobacco
industry spearheaded by Washington Attorney General Christine Gregoire.
The Seattle firm was also recently hired by Microsoft to help defend the
computer company in the government's antitrust case.
It also won a settlement from junk bond financier Michael Milken on behalf
of several Washington state public employee pension funds. Milken pleaded
guilty in 1990 to six felony counts in the unrelated Drexel, Burnham Lambert
securities fraud litigation and was jailed for 22 months.
The Seattle firm's lawyers "have played lead and/or major roles in cases
that have resulted in cumulative recoveries in excess of $260billion,"
according to the firm's backgrounder filed for the Avista case in U.S.
District Court in Spokane.
The Avista shareholders sued shortly after Avista CEO Matthews announced in
June that the company would lose $90 million from bad electricity trades at
its regulated utility in this year's turbulent energy market. The losses
have since grown to $123 million.
They allege Avista exposed shareholders to unacceptable risks by "covertly"
entering into massive electricity forward contracts "in an undisclosed
gamble that electricity prices would decrease in the future."
Instead, the price skyrocketed, "causing Avista's share price to drop
sharply," the complaint says.
The lawsuits seek to represent all shareholders who bought Avista stock
between April 7 and June 21 this year.
Avista's Becker declined comment on the shareholder lawsuits, again citing
company policy not to discuss pending litigation.

NGI's Daily Gas Price Index
published : November 16, 2000
Investigators Probing Avista's Trading Practices
Legal troubles for the once high-flying Avista Corp. continue to add
up, as federal investigators have begun looking into possible energy futures
trading rule violations that may have occurred two years ago at a Houston
subsidiary.
Investigators from the Commodity Futures Trading Commission (CFTC)
are checking into whether subsidiary Avista Energy illegally manipulated
futures markets that in turn drove up the price of an electricity futures
contract in 1998.
The CFTC, created in 1974 by the U.S. Congress, monitors the sale of
commodity futures and options markets across the country, and is similar to
the Securities and Exchange Commission. It has the authority to bring civil
charges into administrative or federal court, and also may refer alleged
violations to the U.S. Department of Justice for criminal charges, according
to attorney Michael Koblenz.
Koblenz, a former CFTC assistant director and regional counsel, is
representing Luis Pando, a former Avista Energy senior analyst and trader,
one of the four Avista Energy traders who sued the corporation for bonuses,
and whose case is still pending. Pando claims he is owed at least $300,000.
The CFTC is looking into trading in an August 1998 Palo Verde and
California-Oregon border electricity futures contract on the New York
Mercantile Exchange, according to one of the subpoenas. Pando said he had
been questioned for two days in September by CFTC investigators in New York.

The CFTC investigation, however, is just a small part of the legal
difficulties that have descended upon Avista Corp. Four former Avista Energy
electricity traders sued the corporation, alleging that their managers
reneged on profit bonuses in 1998 and 1999. Three of those lawsuits have
been settled out of court for undisclosed sums.
Avista also is preparing its defense against four shareholder
lawsuits filed after the company lost $123 million in energy trading losses
from its regulated utility (see Daily GPI,).
And then, not nearly as surprising as it would have been less than a
year ago, Tom Matthews resigned as chairman of the board last week, after
being replaced in October as CEO. He said in recent months that he
considered himself to be the "lightning rod" for problems within the
company, and that the focus had diverted attention from Avista's numerous
successes.
Matthews' departure was not the only management change announced
last week by the Avista board of directors. Erik J. Anderson was appointed
to the board of directors, filling a board vacancy created by Matthews.
Anderson is CEO of Seattle-based Matthew G. Norton Co., responsible for
strategic planning and direction, asset allocation and principal investments
within the company.
Larry A. Stanley was elected non-executive chairman of the board of
directors, replacing Matthews, and he will serve out Matthews' unexpired
term as chairman until May 2001. Also, as expected, Gary G. Ely was
officially appointed Avista president and CEO. In October, when Matthews
resigned, the Avista board had named Ely acting president and CEO. Ely, who
has been with Avista for 33 years, had previously held the position of
executive vice president of Avista Corp. He has overseen the refocus and
strong financial turnaround of the company's unregulated Avista Energy unit
this past year and has led the initial development of Avista's growth
businesses.
Scott L. Morris and Kelly O. Norwood were named corporate vice
presidents of Avista Corp. Morris also serves as president of Avista
Utilities, the company's regulated electric and gas operating division, and
Norwood also serves as vice president and general manager of Avista
Utilities' energy resources department.
"The board has affirmed its commitment to and remains fully
supportive of the company's strategic direction. We will continue our goal
of value creation and emphasize this as our number one objective. We also
remain diligent in our work to strengthen our utility business," said
Stanley.

David Yeres
Clifford Chance Rogers & Wells
200 Park Avenue
New York, NY 10166
Tel: (212) 878-8075
Fax: (212) 878-8027
Email: david.yeres@cliffordchance.com

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

This message and any attachment are confidential and may be privileged or
otherwise protected from disclosure.  If you are not the intended recipient,
please telephone or email the sender and delete this message and any
attachment from your system.  If you are not the intended recipient you must
not copy this message or attachment or disclose the contents to any other
person.

For further information about Clifford Chance please see our website at
http://www.cliffordchance.com or refer to any Clifford Chance office.


---------------------- Forwarded by Leann Walton/NA/Enron on 10/26/2000 10:48
AM ---------------------------
From: Darren Delage@ENRON on 10/24/2000 02:30 PM ZE9
To: Maureen Raymond/HOU/ECT@ECT
cc:
Subject: Re: NIKKEI and PKO

This information has been most useful! Thank you Maureen and please keep me
informed of any changes in PKO policy, as we are right at levels were
everyone is watching for intervention.


Tonight I'm going to see a house after work today and then I have a late
Sergei workout.  But keep me in mind in the future...

I finally got your application accepted by our personnel group, so now I can
forward it to the respective groups for review.  One of the bad things about
big corporations are the forms you have to fill out to do anything...


This request has been pending approval for  2 days and you are the alternate.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000077032&Page=Approval to review and act upon this request.

Request ID          : 000000000077032
Approver            : patti.sullivan@enron.com
Request Create Date : 11/21/01 12:00:00 PM
Requested For       : shannon.groenewold@enron.com
Resource Name       : Terminal Server - Remote Access Solutions <b>Houston General Purpose Solution</b>
Resource Type       : Applications


I talked with Ken yesterday.  He would like to keep David on until May 15 to
finish up some things he is working on for Ken.

	Enron Capital & Trade Resources Corp.

	From:  Sherri Sera                           04/09/2001 08:45 PM

To: Steven J Kean/NA/Enron@Enron
cc:

Subject: Re: organizational announcement

Just out of curiosity, did this ever get resolved?  Apologies if I'm being
too bold!  SRS

From: Steven J Kean on 03/14/2001 07:33 AM
To: Sherri Sera/Corp/Enron@ENRON
cc:

Subject: Re: organizational announcement

Ken was meeting with him the day before yesterday.  I'm just waiting to hear
back.

	Sherri Sera
	03/13/2001 10:07 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: organizational announcement

Just saw the memo about Sanjay, Diomedes and Jim.  Guess David Haug is still
around? SRS


You are right on all points (especially the punting one!).  You should have
the list of specific "fill in the blank" stuff which I forwarded recently.
Also, we had a discussion yesterday with GE on the form of the
assignment/assumption agreement, so there shouldn't be anything required of
you from that standpoint.

I'm here today (wasn't yesterday) and will be happy to discuss it with you.

Kay

From: Stuart Zisman@ECT on 11/16/2000 09:17 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Gas Turbine Purchase Agreement.DOC

Kay,

I recognize that you would like to punt this "break out contract" thing as
soon as possible; but, I would like to visit with you briefly about how any
transition might work.  As I appreciate it, once the form of break out
contract is complete, most of the hard work is done.  What types of
modifications are envisioned for each of the break outs?  I assume that just
a few things would change (for example (i) price, (ii) number of units, (iii)
delivery points, and (iv) a pro rating of LD's).  Am I grossly
underestimating the amount of work that will be required.  Please advise.

Stuart


----- Forwarded by Tana Jones/HOU/ECT on 10/12/2000 08:51 AM -----

	Bradley Diebner
	10/11/2000 04:44 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
Bernice Rodriguez/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie R
Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON, Mary G
Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities, Enron
Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT,
Adnan Patel/Corp/Enron@ENRON, Claudia Clark/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron,
Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 10/11/00

The EOL approvals for 10/11/00 are attached below.

Regards,
bd


This is a receipt for the mail you sent to
<mcduff6@dellepro.com> at 7/31/01 4:48 PM

This receipt verifies that the message has been displayed on the recipient's computer at 7/31/01 6:26 PM
 - C.DTF


Internal path flows are now below limits.  BEEP has been returned to normal
mode (unsplit operation) as of 1700 hours.  BEEP will dispatch as one zone.
Sent by Market Operations, inquiries please call the Real Time Desk.
GUY Ridgely: <<...OLE_Obj...>>
Grid Resource Coordinator


Want to Get Innovative at Home?

We are excited to extend an invitation to you to participate in Pilot 3 of
Enron's new ClickAtHome program.

The ClickAtHome program is Enron's innovative solution to provide eligible
employees with a high-end computer and high-speed Internet connection.  If
you are interested in participating in the ClickAtHome pilot program, please
read about  "How to get started in Pilot 3" by clicking the link below.

http://home.enron.com:84/messaging/pilot3.ppt

ClickAtHome Ordering

PC Ordering for Pilot 3 is now available with select Internet Service
Provider (ISP) ordering available by the end of the month.    To get more
information about the program or place your order, visit
http://clickathomepilot.enron.com. If you have problems launching the site,
please copy and paste http://clickathomepilot.enron.com directly into
Internet Explorer (Internet Explore is required to access the site).

Dell will be in Houston to assist you with any questions you may have :

 1/16/2001  8:00:00 AM-5:00:00 PM
 1/17/2001  8:00:00 AM-5:00:00 PM
 1/18/2001  8:00:00 AM-5:00:00 PM
 1/19/2001  8:00:00 AM-2:30:00 PM

 Location: EB568 and EB560

If you have questions, please send them to clickathomepilot3@enron.com.

We look forward to enabling you to Get Innovative at Home!

ClickAtHome Project Team


I think I have access to everything now.

thanks


here you go.
thanks

-----Original Message-----
From: lhandli1@txu.com [mailto:lhandli1@txu.com]
Sent: Thursday, March 14, 2002 6:31 AM
To: Parks, Joe
Subject: Prepay - Ponderosa for 3/12

Hi Joe - can you send me an updated spreadsheet!!!

Thanks so much
Lynn
---------------------- Forwarded by Lynn Handlin/ENERGY/TXU on 03/14/2002
06:30 AM ---------------------------

Ken Fowler@TXUB
03/13/2002 04:24 PM

To:   Lynn Handlin/ENERGY/TXU@TXUE
cc:

Subject:  Prepay - Ponderosa for 3/12

Lynn, we received a wire transfer yesterday for $388,000 from Ponderosa,
actually Tenaska IV.

Let me know if you need anything else.

Ken


can you help with the EGS Burn tab please.  I need back by around 2:00.

 -----Original Message-----
From: 	Schwarzbach, Stephen
Sent:	Friday, November 16, 2001 8:16 AM
To:	Hodges, Georganne; Myers, Thomas; Geaccone, Tracy; Castleman, Kent; Ueckert, Allen W.; Smith, Kirk; Roper, Kerry; Vargas, Hope; Stubblefield, Wade
Cc:	Lindsey, Mark E.
Subject:	Information Request

Hello everyone.  I know that many, if not all of you, have worked on numerous requests/initiatives from the office of the chair and other teams lately.  That being said, we received a new request on Thursday night which is another look at some of the information your groups may have already provided, along with some other information.  Attached is a file, with the breakouts and formats as requested by management, containing four (for some of you, five) spreadsheets.  Please complete all of these sheets applicable to your business unit (note: dollars in millions).   The requested timing of the completion of this exercise is by 3pm Friday, November 15.  Please send the completed file back to me as soon as you are finished.  If you have any questions about the format or the contents of the file, please contact Michelle Nezi Marvin at 3-6848. For any other questions, please call Mark Lindsey at 3-1873.

Thanks,
Steve


Can't send you the song I wanted to...never mind.  Did your team get smeared
last night?  - Christina

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


Here is the bike club info.
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 03/03/2000
05:40 PM ---------------------------

	From:  Clay Spears                           03/03/2000 04:54 PM

To: Benjamin Rogers/HOU/ECT@ECT, Michael Danielson/HOU/ECT@ECT
cc:
Subject: ECC Info

---------------------- Forwarded by Clay Spears/HOU/ECT on 03/03/2000 04:54
PM ---------------------------

Amelia Alder@ENRON
03/02/2000 11:10 AM
To: Clay Spears/HOU/ECT@ECT
cc:
Subject: ECC Info

Here's what you need to join the club - good seeing you last night, and I'm
so glad you're riding with us this year!


I'm in no hurry.


So I don't need to do anything in order to be a part of the "cash balance
plan"? When I pull up my account information from the "Savings Plan" website,
it says my investments and balances are zero, so I assume I need to enroll in
this myself if I want to be a part of it. The plan I'm referring to allows
you to invest up to 15% of your before-tax income in either Enron Corp stock
or a variety of mutual funds. In this plan, up to 6% of your contributions
are matched by Enron, beginning one month after your hire date. I guess my
question is - What is this plan called? And if I enroll in it myself online,
will I be doubling up on something Enron has already done for me? If this is
not the retirement plan, what is?

I'm sorry to ask so many trivial questions. I just want to make sure I've
taken advantage of all the programs and not neglected opportunities because I
thought they were automatically given to me.

Thanks,
Kate

Amy FitzPatrick
01/16/2001 09:43 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Savings Plan v. 401K

Kate -

401K and the cash balance retirement plan are 2 separate plans.  You are
automatically enrolled in the cash balance plan - you would be eligible to
participate for the year 2000.  Going forward, at the end of each year, Enron
will set aside 5% of your salary into an account (Enron directs these
funds).  This account has a 5 year vesting period meaning that you must stay
with the company for 5 years to be eligible to receive these funds when you
leave.

Does this help?

Amy

   Kate Symes                01/16/2001 09:34 AM

To: Amy FitzPatrick/PDX/ECT@ECT
cc:
Subject: Savings Plan v. 401K

I'd like to enroll in the Enron Savings Plan program; however, when I was
navigating through the savings plan website, I started wondering if the
retirement plan and the self-directed brokerage account are the same thing. I
think you probably have some information regarding these plans. Could I
borrow that later this afternoon, or even better, sit down with you for a
minute to clarify which plans I am eligible to enroll in and when? Thanks in
advance for your time.

Kate


ok


Thanks for the itemization,  It just needed some work that I couldn't do last
night at 9 pm.

c

---------------------- Forwarded by Cara Semperger/PDX/ECT on 12/08/2000
11:04 AM ---------------------------

Cara Semperger
12/08/2000 10:57 AM
To: Geir Solberg/PDX/ECT@ECT
cc: Bill Williams III/PDX/ECT@ECT, Diana Scholtes/HOU/ECT@ECT, Sean
Crandall/PDX/ECT@ECT
Subject: December 8th changes and needs for more

Geir and Bill,

OK,

At MidC we are -2 on LLH,  we also show a 2 mw buy from MPC at Hotsprings.
If we used transmission for this, we need to put it in.  Did you use our
existing Benton?

Then all that we will have left is 16 mw's open for HE 23-24 at MPC system,
and 2 mw's for the same hours at Mid C (SCL deal)

I reduced the EPMICALPOOL deals by an equal amount, and that gets us balanced
all the way.

c


Thank you for your prompt reply.   I have made note that the pipeline is
located in the Port of Calais, Maine area.
Juanita Marchand

BRUCE.J.MULHOLLAND@CUSTOMS.TREAS.GOV@CUSTOMS.TREAS.GOV on 01/26/2001 12:59:39
PM
Please respond to BRUCE.J.MULHOLLAND@CUSTOMS.TREAS.GOV
To: Juanita.Marchand@enron.com, JOHN.C.FOX@CUSTOMS.TREAS.GOV,
TIMOTHY.E.DONNELL@CUSTOMS.TREAS.GOV, DEBORAH.L.ZWEARCAN@CUSTOMS.TREAS.GOV
cc: jensen@ainop.com
Subject: Maritimes and Northeast Pipeline

          January 26, 2001

          Ms. Juanita Marchand
          Enron North America Corp.
          1400 Smith Street
          Houston, TX  77002

          Dear Ms. Marchand:

          On January 26, 2001 this office received an E-Mail memo from your
          office outlining a request to file monthly entries in conjunction
          with the importation of natural gas via the Maritimes and
          Northeast Pipeline from the Sable Island Project, Nova Scotia,
          Canada. I would like to clarify one point. The pipeline in
          question is located within the Area Port of Calais, Maine not
          Houlton, Maine as you indicated in your memo..

          Based on the information provided, Enron North America Corp. is
          authorized to import natural gas via the pipeline located in
          Baileyville, ME. Enron must file monthly entries by
          the 15th day of each month at either the Customs Office in
          Calais, ME. or Portland, ME. Customs will reconcile the monthly
          entry against the manifest quantities supplied by the carrier, in
          this case, Maritimes and Northeast Pipeline.

          If you have further concerns please do not hesitate to contact
          this office.

          Sincerely,

          Bruce Mulholland
          Supervisory Customs Inspector
          U S Customs Service
          1 Main Street
          Calais, ME  04619

          Tel (207) 454-3690  ext. 102
          Fax (207) 454-7122
          E-mail: BRUCE.J.MULHOLLAND@CUSTOMS.TREAS.GOV


i want to get a job at comopaq too!

Shanna Husser@ENRON
05/25/2000 08:34 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject:

you know what . . .   you better just learn to like my "attitude" . . .
alright


----- Forwarded by Sara Shackleton/HOU/ECT on 09/22/2000 06:38 PM -----

	Mary Cook
	09/22/2000 11:18 AM

		 To: jnaughto@cwt.com
		 cc: Sara Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Travis
McCullough/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT
		 Subject: Forms of Enron Raptor Swaps:  Review/Comment

Attached are the swap forms we have utilized in round one of the raptor off
balance sheet swap project.  I have tried to clean them, and have also
incorporated comments received thus far from Kirkland & Ellis, firm for
Talon.  Please review these forms and provide any further comments or
suggestions to them by Tuesday morning of next week.   As I mentioned, we
plan to forward to you proposal sheets as and when received for all the
remaining swaps to be placed into the raptor vehicles for preparation of the
swaps by your firm.  We should know more about the timing of the next round
of swaps next week.  As other and varied investments may be placed in the
vehicles, we will ask that your firm develop the forms to be used on the
basis of the proposals and any documents applicable to the underlying
investment.  Finally, please finalize the memorandum on termination and
forward to my attention next week, if possible.

Thank you for your continued assistance.  Please confirm receipt and ability
to have comments to me by Tuesday.

Mary

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


I had a conversation with Ed Staub over at Duke today, and he now wants to
get an agreement in place between Duke and ENA.  I mentioned to him our
agreement between ENA and ECC that would allow us to trade both entities
under the same master, and he was not interested in trading in that manner,
he wants separate agreements in place with both companies, obviously,
mirroring the terms of the master we are putting in place with ECC, just
changing it for any cross-border issues.  I told him I would run it by our
Credit Dept.


Colleagues:

	Utility Risk management positions as of October are now available at the following level of details:

	1) The position by Utility
	2) The position by Customer from a given utility.
	2) The position by State
	3) The position by NERC region
	4) The Aggregates of the above per State, NERC Region, and Customer.

	If you need any position for a specific utility in your service territory, please contact me, and I will be happy to provide you with the information within the same business day.

Thank you,

Bryan
713-345-2430


jen's dad better buy a bunch of booze.  and the schrutt's better take us
somewhere nice for the rehersal dinner.  and jen's friends better put out.


Rod forwarded everything to Samantha Boyd.
----- Forwarded by Kaye Ellis/HOU/ECT on 07/13/2000 02:43 PM -----

	Rod Nelson
	07/13/2000 09:32 AM

		 To: Sheila Glover/HOU/ECT@ECT
		 cc: Trena McFarland/LON/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Clara
Carrington/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron
		 Subject: Re: Sutton Bridge

No incremental credit reserve will be required, provided the transaction is
assigned directly to EDF/London Electricity or to an affiliate with parental
guaranty.

Rod

	From:  Sheila Glover                           07/13/2000 08:34 AM

To: Trena McFarland/LON/ECT@ECT, Rod Nelson/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
cc: Clara Carrington/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron
Subject: Sutton Bridge

Trena,
No P&L impact on unwinding deals, swap and hedge are Back to back
Do we have a contact to book the trades on the EDF side when appropriate?
Sara
Sara, Laurel will request copies of the original confirmations for the swap
and hedge and forwad to you
Need to coordinate day of unwind on ENA and rebooking by EDF based upon Legal
reassignment
Rod
Please advise whether a credit reserve was taken on this deal.
Thanks. Sheila

---------------------- Forwarded by Sheila Glover/HOU/ECT on 07/13/2000 08:19
AM ---------------------------

Trena McFarland
07/13/2000 05:48 AM
To: Sheila Glover/HOU/ECT@ECT, Rod Nelson/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
cc:
Subject:

Everybody

Further to the sell-down of Sutton Bridge it looks like the originators are
planning, as part of that deal to assign infinity deal number 25556, a
currency swap we have with Sutton Bridge to EDF/London Electricity.  The
hedge for this deal is a back to back deal with Natwest, infinity deal number
25555.

My questions are:
When this swap was originally entered into there would have been a credit
reserve taken for it, which will have to be released.  How much is this and
what is the process?  I am assuming this release of credit will not effect my
traders P&L.  Can you please confirm this.

What else do we need to look at to complete this assignment?  What are the
legal implications?

The originator is looking to do this fairly quickly and so a quick response
would be greatly appreciated.

Thanks
Trena


Hi again Gerald,
Going great here... keeping busy.
Worked for the month of October doing Halloween makeup
for 'Spooky House' a Halloween haunt.. FUN!
But was I ready for Halloween to be over!

Spain.. What's with that lately?  You are the 4th
person I know that's gone there in the past month.
The guy I met in Cabo just went... and Shannon's
neighbor.  Must be a fun place!

Very smooth move... Cabo in December! alright!
I loved it down there!  Ready to go again!
I am not sure if I'll go this year or try to book my
time somewhere I haven't been. I really would like to
see Aruba or Figi.

My next trip will be to Michigan for Xmas.
Always good to see the family :)

Well... catch ya later!
Marsha

__________________________________________________
Do You Yahoo!?
Thousands of Stores.  Millions of Products.  All in one Place.
http://shopping.yahoo.com/


-----Original Message-----
From: Christina R-C [mailto:christina_122367@hotmail.com]
Sent: Friday, November 16, 2001 9:15 AM
To: upwindmark@aol.com; corinasanders@hotmail.com;
gholcomb@prismretailservices.com; kwsargent1970@yahoo.com;
laffsusq@aol.com; Larry@betterthanair.com; larrygraziani@starband.net;
Whitt, Mark; www.floraldivide@qwest.net
Cc: plucci@enron.com
Subject: Fwd: Sample

>From: Ron Forester <rrfore2@qwest.com>
>To: Jason Hellander <jhellan@qwest.com>, Aaron Sanchez
><aasanch@uswest.com>,   Barbara Kennedy <barbara_kennedy@hotmail.com>,
>bob baker <bob.baker@igt.com>,   Christina Rawlings-Curtis
><christina_122367@hotmail.com>,   Danielle Wade
><daniellekwade@hotmail.com>,   Gil Hernandez <Gil.Hernandez@twtelecom.com>,
>   joe hofmeister <joe.hofmeister@twtelecom.com>,   joe kennedy
><joe.kennedy@informix.com>, kenneth brunel <kenb@informix.com>,   Keith
>Brunel <gutha@worldnet.att.net>, Kurt Ramsbacher <kramsba@uswest.com>,
>NICOLE FORESTER HERNANDEZ <Nicole4SBS@aol.com>
>Subject: Sample
>Date: Fri, 16 Nov 2001 09:07:57 -0700
>
>  	>Subject: The Sample
>  	>
>  	>
>  	>An 85-year-old man went to his doctor's office to get
>  	>
>  	>a checkup and the doctor determined a semen
>  	>
>  	>sample was required. The doctor gave the man a jar
>  	>
>  	>and said, "Take this jar home and bring back a
>  	>
>  	>semen sample tomorrow. "
>  	>
>  	>The next day the 85-year-old man reappeared at the
>  	>
>  	>doctor's office and gave him the jar, which was as
>  	>
>  	>clean and empty as on the previous day. The doctor
>  	>
>  	>asked what happened and the man explained "Well,
>  	>
>  	>doc, it's like this, first tried with my right hand,
>  	>
>  	>but nothing. Then I tried with my left hand, but still
>  	>
>  	>nothing.
>  	>
>  	>Then I asked my wife for help. She tried with her
>  	>
>  	>right hand, then her left, still nothing. She tried
>  	>
>  	>with her
>  	>
>  	>mouth, first with the teeth in, then with her teeth
>  	>
>  	>out, and still nothing. We even called up Earleen, the
>  	>
>  	>lady
>  	>
>  	>next door and she tried too, first with both hands,
>  	>
>  	>then an armpit and she even tried squeezing it between
>  	>
>  	>her knees, but still nothing."
>  	>
>  	>The doctor was shocked! "You asked your neighbor?"
>  	>
>  	>The old man replied, "Yep, but no matter what we tried
>  	>
>  	>we still couldn't get that jar open!"
>
>
>
>
>  	>Subject: The Sample
>  	>
>  	>
>  	>An 85-year-old man went to his doctor's office to get
>  	>
>  	>a checkup and the doctor determined a semen
>  	>
>  	>sample was required. The doctor gave the man a jar
>  	>
>  	>and said, "Take this jar home and bring back a
>  	>
>  	>semen sample tomorrow. "
>  	>
>  	>The next day the 85-year-old man reappeared at the
>  	>
>  	>doctor's office and gave him the jar, which was as
>  	>
>  	>clean and empty as on the previous day. The doctor
>  	>
>  	>asked what happened and the man explained "Well,
>  	>
>  	>doc, it's like this, first tried with my right hand,
>  	>
>  	>but nothing. Then I tried with my left hand, but still
>  	>
>  	>nothing.
>  	>
>  	>Then I asked my wife for help. She tried with her
>  	>
>  	>right hand, then her left, still nothing. She tried
>  	>
>  	>with her
>  	>
>  	>mouth, first with the teeth in, then with her teeth
>  	>
>  	>out, and still nothing. We even called up Earleen, the
>  	>
>  	>lady
>  	>
>  	>next door and she tried too, first with both hands,
>  	>
>  	>then an armpit and she even tried squeezing it between
>  	>
>  	>her knees, but still nothing."
>  	>
>  	>The doctor was shocked! "You asked your neighbor?"
>  	>
>  	>The old man replied, "Yep, but no matter what we tried
>  	>
>  	>we still couldn't get that jar open!"
>Content-Type: text/plain; charset=us-ascii
>Content-Transfer-Encoding: 7bit
>
>
>
>
>
>
> >Subject: The Sample
> >
> >
> >An 85-year-old man went to his doctor's office to get
> >
> >a checkup and the doctor determined a semen
> >
> >sample was required. The doctor gave the man a jar
> >
> >and said, "Take this jar home and bring back a
> >
> >semen sample tomorrow. "
> >
> >The next day the 85-year-old man reappeared at the
> >
> >doctor's office and gave him the jar, which was as
> >
> >clean and empty as on the previous day. The doctor
> >
> >asked what happened and the man explained "Well,
> >
> >doc, it's like this, first tried with my right hand,
> >
> >but nothing. Then I tried with my left hand, but still
> >
> >nothing.
> >
> >Then I asked my wife for help. She tried with her
> >
> >right hand, then her left, still nothing. She tried
> >
> >with her
> >
> >mouth, first with the teeth in, then with her teeth
> >
> >out, and still nothing. We even called up Earleen, the
> >
> >lady
> >
> >next door and she tried too, first with both hands,
> >
> >then an armpit and she even tried squeezing it between
> >
> >her knees, but still nothing."
> >
> >The doctor was shocked! "You asked your neighbor?"
> >
> >The old man replied, "Yep, but no matter what we tried
> >
> >we still couldn't get that jar open!"
>

_________________________________________________________________
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		  remove.


Steph, I will not be able to attend this meeting.  Thank you.

 -----Original Message-----
From: 	Harris, Stephanie J
Sent:	Monday, April 02, 2001 7:59 AM
To:	Derrick Jr., James
Subject:	FW: Subic Power Corp. - Notice of 2001 Annual Shareholders' Meeting
Importance:	High

 -----Original Message-----
From: 	Angel.M.Esguerra@enron.com@ENRON <mailto:Angel.M.Esguerra@enron.com@ENRON> [mailto:IMCEANOTES-Angel+2EM+2EEsguerra+40enron+2Ecom+40ENRON@ENRON.com] <mailto:[mailto:IMCEANOTES-Angel+2EM+2EEsguerra+40enron+2Ecom+40ENRON@ENRON.com]>
Sent:	Monday, April 02, 2001 5:00 PM
To:	Harris, Stephanie J; Brown, Ann
Cc:	Wilson, Frank
Subject:	Subic Power Corp. - Notice of 2001 Annual Shareholders' Meeting
Importance:	High

To the Shareholders of  Subic Power Corp.:

Please be notified that the annual meeting of the Shareholders of  Subic
Power Corp. will be held on 25 April  2001 at 2:00 p.m. at the 3rd Floor
Board Room, Shangri-La Hotel, Ayala Avenue, City of Makati, Metro Manila,
Philippines.  The agenda of the meeting is as follows:

   Certification of notice and quorum;
   Approval of the minutes of the Shareholders' meeting held on 22 June
   2000;
   Appointment of External Auditors;
   Ratification of acts and proceedings of the Board of Directors and
   Officers;
   Election of the Board of Directors; and
   Approval of other matters as may properly come before the Shareholders.

If you cannot attend in person and wish to send a representative to the
meeting, kindly submit to the undersigned (by fax to +632-813-7343) on or
before the date of the meeting, a proxy substantially in the attached form.

Please be notified that the Board of Directors will hold a meeting
immediately after the Shareholders' meeting.

Angel M. Esguerra
Secretary
2nd April 2001, Makati Cty, Metro Manila
(See attached file: proxy.SPC.2001.doc)
 - proxy.SPC.2001.doc << File: proxy.SPC.2001.doc >>


Vince
We happened upon this fellow through Strickland.  What are your thoughts on
the background?  We are still working to formulate our requirements in the
office but consider this person worth talking to.

Paul
---------------------- Forwarded by Paul Quilkey/ENRON_DEVELOPMENT on
07/26/2000 09:39 PM ---------------------------

"Simon Hurst" <sandrajackson@ozemail.com.au> on 07/25/2000 10:10:23 PM
Please respond to "Simon Hurst" <sandrajackson@cmc.aust.com>
To: <Paul.Quilkey@enron.com>
cc:

Subject: Quantitative Position

Dear Paul,
?
My friend Chris Strickland has informed me that Enron is  looking for a
Quantitative Analyst. I am?interested in talking to you about  this position.
I have attached my resume for your perusal. I am currently on  holidays and
can be?contacted from?Monday 31st July. My contact  details are contained
within my attached resume. I look forward to talking to  you.
?
Yours sincerely,
Simon Hurst.
?
?
 - SRH Resume.doc


of course i do.  i want to see my sweet baby.  how was your day off.  did you buy me an xmas gift?

 -----Original Message-----
From: 	Erin Richardson <erichardson@sarofim.com>@ENRON
Sent:	Tuesday, November 13, 2001 9:05 AM
To:	Lenhart, Matthew
Subject:	RE:

yeah do you?

-----Original Message-----
From: Lenhart, Matthew [mailto:Matthew.Lenhart@ENRON.com]
Sent: Tuesday, November 13, 2001 7:50 AM
To: erichardson@sarofim.com
Subject:

do you still want to go out tonight?

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


---------------------- Forwarded by Scott Mills/HOU/ECT on 11/29/2000 10:17
PM ---------------------------

	Enron North America Corp.

	From:  Sally Beck                           11/28/2000 12:06 PM

Sent by: Patti Thompson
To: Peggy Hedstrom/CAL/ECT@ECT, Shona Wilson/NA/Enron@Enron, Brenda F
Herod/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Mary Solmonson/HOU/ECT@ECT,
Sheri Thomas/HOU/ECT@ECT, James Scribner/Corp/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT
cc: Pamela Sonnier/HOU/ECT@ECT, Yvette G Connevey/Corp/Enron@ENRON, Heather
Choate/HOU/ECT@ECT, Marvia Jefferson/HOU/ECT@ECT, Lola
Willis/Corp/Enron@ENRON, Adrial Boals/Corp/Enron@Enron, Yolanda
Ford/HOU/ECT@ECT, Chantelle Villanueva/HOU/ECT@ECT
Subject: Accomplishments for 2000

I apologize for the late notice, but Sally has just been notified that a
cross-functional PRC meeting w/ Rick Causey has been set for this Friday,
December 1.  She will need a compilation of your accomplishments by
Thursday.  If you have directors reporting to you, please request that they
also have data in to Sally by Thursday.

Thanks for your help,
Patti x39106


SB 1x passed the State Senate late this afternoon  by a vote of 25-12.
Senator Soto spoke in support arguing that the  money should be returned to
taxpayers.? The flate rate of the refundable  tax credit will be determined
by the FTB.? Senator Scott said that FERC has  failed to act.? This bill will
regulate the price of electricity in  CA.? He said that the PUC will be
allowed to review and adjust the base  price for the tax, and that the PUC
could allow additional exemptions (is this  an unconstitutional delegation of
authority?).? Also, a long-term contract  arrangements are exempt from the
bill.
Senator Morrow spoke in opposition.? He said  that the bill is not about
relief.? Rather, it redistributes wealth and  should be changed to refund the
money to consumers.
Senator Battin spoke in opposition.? He cited  the planned Intergent plant in
North Palm Springs.? THis bill does not  solve the crisis.? It just
discourages generators from building in this  state.
Senator Dunn said that emergency steps must be  taken and that he supports
this bill.? Otherwise, CA's wealth will go out  of the state, primarily to
Texas.
Senator Polanco spoke in support and said that  ratepayers are being gouged.?
Billions in profits have been reaped by  generators.
Senator McClintock spoke in opposition and said  that power plants are not
being built here and that this bill will stop the  construction of plants in
CA.
Senator Peace spoke in support and said that FERC  has failed to enforce the
law.
Senator Perata spoke in support and said that  generators have gotten caught
red-handed and now need to pay a  penalty.
Senator Haynes spoke in opposition and said that  the constitution will be
violated by this bill and that companies will sell to  other states, rather
than California.

Senator Bowen spoke in support of the bill.?  She asked why we should have
the welcome mat our to CA when these companies are  charging 300% more in
their prices then just a year or two ago.? She also  indicated that the
Legislative Counsel has given them an opinion that this bill  is
constitutional because it only applies to the electrons flowing into the
state.? Whatever that means?
No Republicans voted for the bill.? No Democrats voted against  it.? FInal
vote was 25-12.
However, if the Assembly or Senate adjourns the Special Session without
passing this bill and/or AB 128x, then both measures will die.

Chris  Micheli, Esq.
Carpenter Snodgrass & Associates
1201 K Street, Suite  710
Sacramento, CA? 95814
(916) 447-2251
FAX: (916)  445-5624
EMAIL: cmicheli@carpentersnodgrass.com


I have spoken with Jorge Rojas of PEMEX today and he is will fax translated financial statements for MGI either this afternoon or in the morning. We will continue to monitor until received. We have been attempting to obtain this information since July 10.

If you have any questions, please advise.

Regards.

From:	Tracy Geaccone/ENRON@enronXgate on 07/30/2001 11:33 AM
To:	Kimberly Watson/ENRON@enronXgate
cc:	Paul Cherry/GPGFIN/Enron@ENRON

Subject:	FW: Trans Pecos

Comments from Rod.  Paul see note below.

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Monday, July 30, 2001 8:44 AM
To:	Geaccone, Tracy
Subject:	RE: Trans Pecos

You might want to send these to Kim

Some brief comments:

1.b)  Term:   Finance would greatly prefer a right to extend for a period of at least 10 years to be exercised at least 2 years prior to the expiration date.   This would allow for time to find a replacement shipper before the expiration date.   In no case should we agree to an annual evergreen as this is optionality without any cost to them.
2.      Conduct of Open season/Contract Quantity Reduction:   Need to establish an "Initial Recourse Rate" prior to the open season in order for their proposed mechanism to work.  Without it there is no way to measure the "proportionate reduction" requested.

We need to get Paul Cherry working on the credit of MGI Supply ASAP.

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Wednesday, July 18, 2001 6:49 PM
To:	Harris, Steven; Huber, Lee; Fossum, Drew; Hayslett, Rod; McCarty, Danny; Kilmer III, Robert; Lokey, Teb; Martin, Jerry D.
Subject:	Trans Pecos

For your information, attached is the redlined version of the LOI from Pemex.  I have been discussing these comments with Dave Matney at Kinder Morgan.  I have also discussed these comments with Pemex and they do intend on giving us feedback on the rate we offered within the next week.  It is Pemex's intention to move forward with this LOI with an agreed upon rate (even though it currently says "To Be determined") prior to execution.  I will keep you posted as we get more information.  If you have any comments regarding any of these issues, please feel free to contact me, otherwise, please look forward to review our next draft prior to us sending it back to Pemex.

Thanks,
Kim (X33098)

 << File: TransPecosPEMEX comments 07-17-01.doc >>


Hello Shirley ,
Mark your Calendar as well .......

                Thanks
                 KeviN
 -----Original Message-----
From: 	Moore, Kevin G.
Sent:	Tuesday, October 16, 2001 6:48 AM
To:	Russell, Iain
Cc:	Kaminski, Vince J; Roberts, Mike A.; Crenshaw, Shirley
Subject:	Building Tour

Hello Iain ,

We will take a tour to our new location
on Tuesday , Nov 6th.   (Enron Center South)

Please mark your calendar , as you planned to attend
with us.

Time : 11: a.m.

We will meet in the Ring nearest the Energizer

A reminder will be sent........

                       Thank You
                     Kevin Moore


CALENDAR ENTRY:	INVITATION

Description:
	Do Not Delete - Repeat parent for IT Meeting

Date:		7/18/2000
Time:		2:15 PM - 3:15 PM (Central Standard Time)

Meeting Dates:
	7/18/2000, 7/25/2000, 8/1/2000, 8/8/2000, 8/15/2000, 8/22/2000, 8/29/2000, 9/5/2000, 9/12/2000, 9/19/2000, 9/26/2000, 10/3/2000, 10/10/2000, 10/17/2000, 10/24/2000, 10/31/2000, 11/7/2000, 11/14/2000, 11/21/2000, 11/28/2000, 12/5/2000, 12/12/2000, 12/19/2000, 12/26/2000

Chairperson:	Stacey W White

Detailed Description:


I see Jennifer Bagwell in the system, but not Christopher Walker.

DG    3-9573
---------------------- Forwarded by Darron C Giron/HOU/ECT on 11/08/2000
09:41 AM ---------------------------

	Enron North America Corp.

	From:  Hector McLoughlin @ ENRON                           11/07/2000 09:31 AM

To: Susan Wimberley/HOU/ECT@ECT
cc: Darron C Giron/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Francisco
deJesus/NA/Enron@ENRON, Janet De La Paz/HR/Corp/Enron@ENRON, Jeffrey C
Gossett/HOU/ECT@ECT
Subject: Please change the supervisors for Analysts and Associates

Susan,
Since the following Associates and Analysts are outside of ENA in Corporate,
I can't change their supervisor information.   Could you please change the
following records to reflect the supervisors named below?

Rahmaan Mwongozi  supv.  David Baumbach
Robin Rodrigue supv. David Baumbach
Christopher Walker supv. Darron Giron
Jennifer Bagwell supv. Darron Giron

Thanks for your help, hgm


Dave,

Just wanted to update you on the correlations. Luis did not have any high yield fibers prices that we talked about yesterday. The only thing available was the mixed paper prices which I tried to correlate to tissue but the correlation coefficient came at 15%.

Also, I spoke with Ryan Ogden at Bureau of Labor Stats and it didn't seem like they had the prices for those recycled products. In any case, I asked him to email me whatever they have in their website in terms of paper prices and I am expecting that email today. Hopefully smth good will come out of that.

MOnika


Congratulations!  Have a good sleep.


Who are the new firms and what do you know about them?


Modify E-mail Preferences   horiz rule     PageOnePlus toolbar  [IMAGE]          Saturday, June 2, 2001     ON THE FRONT PAGE   16 Are Killed by Suicide Bomber Outside Tel Aviv Nightclub   By DEBORAH SONTAG In the deadliest attack since the eruption of violence last fall, at least 17 people were killed, including a suicide bomber, in a blast outside a crowded Tel Aviv club.      Royal Family of Nepal Are Killed in Palace Shooting   By BARBARA CROSSETTE In a wholesale killing of royalty not seen in nearly a century, the king and queen of Nepal and several relatives were reportedly shot to death in their palace.      McCain Playing Host to Daschle, Fueling Some G.O.P. Fears of Alliance   By ALISON MITCHELL Republican Senator John McCain could create new problems for President Bush and others in the G.O.P. by forging closer ties with Democratic leaders.      Economy Remains Weak, Even as Unemployment Rate Falls   By DAVID LEONHARDT American employers continued to cut jobs in May, though at a slower pace than during the previous two months.      For Britain's Tories, Stiff Upper Lip as Election Hopes Plummet   By SARAH LYALL The main question facing conservative leader William Hague is how thoroughly his party will lose in Thursday's election. But Hague does not even seem worried.      Democrats' New Map of Indiana Divides G.O.P.   By RICHARD L. BERKE Two Republican congressmen from Indiana find themselves at odds, each claiming that the new Fourth Congressional District is rightfully his.     ALSO IN TODAY'S TIMES   Politicians Bid Farewell to Moakley at Funeral   By B. DRUMMOND AYRES Jr. President Bush, former President Bill Clinton, former Vice President Al Gore and thousands of mourners gathered in Boston at a funeral for Representative Joe Moakley.      South Africa's Small Warrior Against AIDS Dies Quietly   By DONALD G. McNEIL Jr. Nkosi Johnson, a frail 12-year-old with AIDS who had become a living indictment of the government's policies, slipped away quietly yesterday after five months on the brink of death.      Vivendi Will Acquire Houghton Mifflin for $1.7 Billion   By SETH SCHIESEL Expanding its presence in the United States educational publishing market, Vivendi Universal of France announced  that it had agreed to acquire the Houghton Mifflin Company.      QUOTATION OF THE DAY  [IMAGE]This just proves that the whole country is the frontline." RON HULDAI,,           TODAY'S IMAGES  [IMAGE] Front Page Image    Today's Photos    Advertisement  Today's Corrections    TODAY'S SECTIONS   * International   * National   * N.Y. Region   * Politics   * Obituaries   * Business   * Technology   * Science   * Sports   * Editorial   * Op-ed   * Letters   * Living   * Arts       SUNDAY SECTIONS   * Arts & Leisure   * Automobiles   * Book Review   * Travel   * Real Estate   * Week in Review   * Magazine             Home  | Site Index  | Site Search  | Forums  | Archives  | Shopping    News | Business  | International  | National  | New York Region  | NYT Front Page  | Obituaries  | Politics  | Quick News  | Sports  | Health  | Science  | Technology/Internet  | Weather  | Editorial  | Op-Ed    Features | Arts  | Automobiles  | Books  | Cartoons  | Crossword  | Games  | Job Market  | Living  | Magazine  | Real Estate  | Travel  | Week in Review    Help/Feedback  | Classifieds  | Services  | Newspaper Delivery  | New York Today    Copyright 2001 The New York Times Company    	[IMAGE]	[IMAGE]


come on shooter


http://sokolin.com/1998's.htm

1998 monbousquet


I would like 4.  Thanks.  Sara

	Taffy Milligan
	09/07/2000 11:02 AM

		 To: Susan Bailey/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Mark Taylor/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Jason
Peters/Corp/Enron@Enron, Mary Cook/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron,
Robert Bruce/NA/Enron@Enron, Stephanie Panus/NA/Enron@Enron
		 cc: Suzanne Adams/HOU/ECT@ECT, Legal Temp 1/HOU/ECT@ECT, Kaye
Ellis/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT, Becky Tlucek/HOU/ECT@ECT,
Chaundra Woods/HOU/ECT@ECT, Brenda Whitehead/HOU/ECT@ECT
		 Subject: ISDA Notebooks

Good morning.

Following-up yesterday's discussion regarding the ISDA Notebooks, I am
preparing to have extra sets of the ISDA Notebooks printed.  Please advise
how many sets you need, if any.

Taffy


The Assembly Appropriations Committee canceled the SBX2 78 hearing mid-way
through the presentation by Senator Polanco.  As Hedy indicated before, with
the Republicans not willing to vote for the bill, liberal Democrats crafted
11 new amendments which they felt were necessary in order to garner their
votes.  Clearly there was no consensus among committee members or leadership
on the amendments in question and the business community was up in arms.
Amid the confusion, Hertzberg effectively ordered the hearing canceled.
They intend to hear the bill again on Monday.


I saw this recently.  It's true AND funny.  This place is amazing.

Jim

 -----Original Message-----
From: 	"Foster, Gary" <GFoster@Antigenics.com>@ENRON
Sent:	Thursday, November 08, 2001 7:33 AM
To:	Steffes, James D.
Subject:	FW: Enron Joke

You're the only person there who could still get a chuckle out of this -
hope I'm not wrong.

-----Original Message-----
From: Pat Mizell [mailto:pmizell@swbell.net]
Sent: Wednesday, November 07, 2001 11:06 PM
To: Foster, Gary
Subject: Fw: Enron Joke

----- Original Message -----
From: <mtrent@reliant.com>
To: <Patrick_Mizell@Justex.net>; <ctrent@hajs.com>; <cdoyle@reliant.com>;
<dsladic@reliant.com>; <catherine-callaway@reliantenergy.com>;
<elmac0000@aol.com>; <montague@sprintmail.com>
Sent: Wednesday, November 07, 2001 7:23 PM
Subject: Fw: Enron Joke

----- Original Message -----
From:CN=Daniel N Hannon/OU=ADM/O=HouInd
To:stephen_w_naeve@reliantenergy.com,
     CN=Joe Bob Perkins/OU=PG/O=HouInd,
     CN=Melanie Trent/OU=ADM/O=HouInd,
     CN=Andrew C Johannesen/OU=ADM/O=HouInd,
     CN=Bret D Scholtes/OU=ADM/O=HouInd
Cc:
Date: 11/07/2001 06:52:55 PM
Subject:Enron Joke

---------------------- Forwarded by Daniel N Hannon/ADM/HouInd on
11/07/2001
06:51 PM ---------------------------

Lee Neathery <lln@pinnacletrust.com> on 11/07/2001 03:14:09 PM
To: "Beth Fisk (E-mail)" <beefiskone@hotmail.com>, "Dan Hannon (E-mail)"
<daniel-hannon@reliantenergy.com>, "Ernest Miller (E-mail)"
<erniem@calpine.com>, "Joan Bremner (E-mail)" <jbremner@houston.rr.com>,
"Kevin
Vincent (E-mail)" <khvincent@msn.com>
cc:

Subject: FW: Enron Economics

Now  you know how it worked....read on.
-----Original Message-----
From: Stephen Reckling
Sent: Wednesday, November 07, 2001 2:02 PM
To: Steve  Strake; Lee Neathery
Subject: FW: Enron Economics

Make sure that you read all the way to the end.

FEUDALISM
You have two cows.
Your lord takes some of the milk.

FASCISM
You have two cows.
The government takes both, hires you to take care of them and  sells you
the milk.

PURE COMMUNISM
You have two cows.
Your neighbors help take care of them and you all share the  milk.

APPLIED COMMUNISM
You have two  cows.
You must take care of them, but the government  takes all the milk.

TOTALITARIANISM
You have two  cows.
The government takes them both and denies they  ever existed.
Milk is banned.

PURE DEMOCRACY
You have two cows.
You and your neighbors decide who gets the milk.

REPRESENTATIVE DEMOCRACY
You have two  cows.
Your neighbors pick someone to tell you who gets  the milk.

MEXICAN DEMOCRACY
You have two  cows.
The government takes both and drafts you into the  army.

EUROPEAN DEMOCRACY
You have two  cows.
The EU commission decides which regulations for  feeding and milking
apply.
If  there aren't any, they invent some.
They pay you not to  milk the cows.
They take both cows, shoot one, milk the  other and pour the milk down
the drain.
They then require you to fill out forms accounting for the missing  cows.

AMERICAN DEMOCRACY
The government  promises to give you two cows, if you vote for it.
After  the election, the president is impeached for speculating in cow
futures.
The press dubs the affair "cowgate," but  supports the president.
The cows sue you for breach of  contract.
Your legal bills exceed your annual  income.
You settle out of court and declare  bankruptcy.

CAPITALISM
You have two cows.
You sell one and buy a bull.
Your herd  multiplies, and the economy grows.
You sell them and  retire on the income.

ENRON VENTURE CAPITALISM
You have two  cows.
You sell three of them to your publicly listed  company, using letters of
credit opened by your  brother-in-law at the bank, then execute a debt/
equity  swap with an associated general offer so that you get all four
cows back, with a tax exemption for five cows. The milk rights of  the
six cows are transferred via an intermediary to a  Cayman Island company
secretly owned by the majority  shareholder who sells the rights to all
seven cows back  to your listed company. The annual report says the
company owns eight cows, with an option on one more.

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

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


Nominations, Scheduling & Confirmations


Your SAP ID and Password will be communicated to you on June 22.  This
ID/Password combination will enable you to . . .

access eHRonline to modify your personal information, view your pay advice,
access your individual time sheet, and view your benefit elections.
enter financial, procurement, project management, and/or human resources
information based on the system security you have been assigned.

Current SAP users receiving this e-mail will be receiving a new ID to replace
their current one as part of the 7-1-00 implementation -- the new ID will be
a "P#" (Personnel Number) generated from SAP HR.

If you have questions or comments, please call the COE SAP Hotline at
713-345-4SAP (4727) or visit our web site at http://sap.enron.com/coe.

Thank you.


Mark,

I was thinking that it might be helpful for us to take Series 7 exam here in
the US like our counterparts are taking SFA exam in UK. I did some initial
research and found that our "compliance" group has to open an account with
NASD (National Association of Security Dealers) in order to take the exam.

I don't know whether we already have sunch an arrangement in US with NASD for
our other groups. If we do, could you guide me to talk to the appropriate
person. If we don't than please let me know and we will decide, whether it is
worth pursuing further.

Thanks and regards
Moazzam


Lee just called and said he was traveling today and would be back in the
office on Tuesday.  He said to give him a call or an email about when you
would like him to come over and sign documents.


---------------------- Forwarded by Tana Jones/HOU/ECT on 03/10/2000 08:47 AM
---------------------------

Molly Harris
03/09/2000 05:39 PM
To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT
cc: Sheri Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, Brian Hunter-Lindsay/LON/ECT@ECT, Coenraad
Basson/LON/ECT@ECT, Bhautik Patel/LON/ECT@ECT, David Hardy/LON/ECT@ECT, David
Weekes/LON/ECT@ECT, Carrie Southard/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT,
Linda S Bryan/HOU/ECT@ECT
Subject: EOL Credit Responses 3/9

Please find attached Credit's EOL responses for 3/9/00.

Regards,
Molly