---------------------- Forwarded by Judy Hernandez/HOU/ECT on 01/25/2000
01:11 PM ---------------------------

	Enron North America Corp.

	From:  Maria Sandoval                           01/25/2000 09:46 AM

To: Chantelle Villanueva/HOU/ECT@ECT, Andrea R Guillen/HOU/ECT@ECT, Phenicia
Olivier/HOU/ECT@ECT, Brenda Barreda/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Cecilia Olvera/HOU/ECT@ECT, Heather Choate/HOU/ECT@ECT, Irena D
Hogan/HOU/ECT@ECT, Pamela Sonnier/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT,
Melba Lozano/HOU/ECT@ECT
cc:
Subject: FW: Mine was 42

This is cool....
---------------------- Forwarded by Maria Sandoval/HOU/ECT on 01/25/2000
09:44 AM ---------------------------

Brenda Barreda@ENRON_DEVELOPMENT
01/24/2000 05:00 PM
To: Brenda Segovia@ECT, Maria Sandoval@ECT, Andrea R Guillen@ECT, Phenicia
Olivier@ECT, Ana Alcantara@ECT, Gabby Alcantara@EES, Sandra
Maldonado/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandra A
Maldonado/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Diana Ovalle@Enron, Selma
Reyna@ENRON, Melissa Rodriguez@ECT, ihernan3@enron.com
cc:
Subject: FW: Mine was 42

---------------------- Forwarded by Brenda Barreda/ENRON_DEVELOPMENT on
01/24/2000 05:01 PM ---------------------------

Sara Carrizal
01/24/2000 04:23 PM
To: Brenda Barreda/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sherita
Scott/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, ccolema2@enron, Natalie
Nichols@Enron, crcovarr@texaschildrenshospital.org, cmarie34@hotmail.com
cc:

Subject: FW: Mine was 50

---------------------- Forwarded by Sara Carrizal/ENRON_DEVELOPMENT on
01/24/2000 04:23 PM ---------------------------

"Covarrubias, Caren R." <crcovarr@TexasChildrensHospital.org> on 01/24/2000
03:25:15 PM
To: "'Ariel Villareal'" <quierestacobell@hotmail.com>, "Chavez, Yvonne I."
<yxchavez@TexasChildrensHospital.org>, "'Cindy Hunt'"
<cindycrh@cheerful.com>, "'Dorina Garcia'" <dgarcia@ei.enron.com>,
"'Genevieve Lopez'" <Glopez@romac.com>, "'Leo Garza'"
<lgarza@williamsbailey.com>, "'Lisa  Avila'" <Lisa_Avila@Baylor.edu>, Michele
Gutierrez/OTS/Enron@ENRON, Michelle Muniz/OTS/Enron@ENRON, "'Nancy Casas'"
<ncasas@has.ci.houston.tx.us>, "Peraza, Marina P."
<mpperaza@TexasChildrensHospital.org>, "'Rick Vega'"
<Richard.Rene.Vega@drexel.edu>, "'Rocio Alvarado'" <ralvarado_@hotmail.com>,
Sara Carrizal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, "'Tina Sanchez'"
<CMARIE34@HOTMAIL.COM>
cc:

Subject: FW: Mine was 52

-----Original Message-----
From: CHRISTINA SANCHEZ [SMTP:cmarie34@hotmail.com]
<mailto:[SMTP:cmarie34@hotmail.com]>
Sent: Monday, January 24, 2000 3:04 PM
To: CRCOVARR@TEXASCHILDRENSHOSPITAL.ORG;
<mailto:CRCOVARR@TEXASCHILDRENSHOSPITAL.ORG;>  CINDYCRH@CHEERFUL.COM;
<mailto:CINDYCRH@CHEERFUL.COM;>  JARED_HUNT@MAIL.COM;
<mailto:JARED_HUNT@MAIL.COM;>  SANNAT@STUDENTS.STCL.EDU
<mailto:SANNAT@STUDENTS.STCL.EDU>
Subject: Fwd: Mine was 48

 >From: "Tania Hernandez" <Tania@tuts.com <mailto:Tania@tuts.com> >
 >To: <Troym@alleytheatre.com <mailto:Troym@alleytheatre.com>
>,<Kcezer@aol.com <mailto:Kcezer@aol.com> >,<sroby@chartertitle.com
<mailto:sroby@chartertitle.com> >,
 ><cmarie34@hotmail.com <mailto:cmarie34@hotmail.com>
>,<d_ankh@hotmail.com <mailto:d_ankh@hotmail.com> >,"Rocky Miller"
 ><Rocky.Tuts_PO.Tuts_Mail@tuts.com
<mailto:Rocky.Tuts_PO.Tuts_Mail@tuts.com> >,"Shea Feeley"
 ><Shea.Tuts_PO.Tuts_Mail@tuts.com
<mailto:Shea.Tuts_PO.Tuts_Mail@tuts.com> >
 >Subject: Fwd: Mine was 46
 >Date: Mon, 24 Jan 2000 14:38:29 -0600
 >

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com <<Fwd: Mine was 46>>

Message-ID: <s88c640f.049@mail.tuts.com>
From: Tania Hernandez <Tania@tuts.com>
To: Troym@alleytheatre.com, Kcezer@aol.com, sroby@chartertitle.com,
cmarie34@hotmail.com, d_ankh@hotmail.com, Rocky Miller
<Rocky.Tuts_PO.Tuts_Mail@tuts.com>, Shea Feeley
<Shea.Tuts_PO.Tuts_Mail@tuts.com>
Subject: Fwd: Mine was 46
Date: Mon, 24 Jan 2000 14:38:29 -0600
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2448.0)
Content-Type: message/rfc822

From: Shea Feeley <Shea@tuts.com>
To: kristi  <kristijones@ev1.net>, becca work
<rhigham@girch1.med.uth.tmc.edu>, sharon   <skirchner@houstongrandopera.org>,
redstripe69sc@onelist.com,  Omari Williams
<Omari.Tuts_PO.Tuts_Mail@tuts.com>, Regis Donaghey
<Regis.Tuts_PO.Tuts_Mail@tuts.com>, Stephen Aleman
<Stephen.Tuts_PO.Tuts_Mail@tuts.com>, Tania Hernandez
<Tania.Tuts_PO.Tuts_Mail@tuts.com>
Subject: Mine was 48
Date: Mon, 24 Jan 2000 14:10:08 -0600
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2448.0)
Content-Type: text/plain; charset="iso-8859-1"

 > >               This is a real test given by the Human Relations Dept.
at
> > >   many of the major corporations today. It helps them get a better
> > >insight
> > >   concerning their employees and prospective employees.
> > >
> > >                  It's only 10 simple questions, so...
> > >
> > >               Grab a pencil and paper, keeping track of your letter
> > >   answers. Make sure to change the subject of the e-mail to read YOUR
> > >  total.
> > >   When you are finished, forward this to everyone you know, and also
> > >send
> > >  it
> > >   to the person who sent this to you.
> > >
> > >                Make sure to put YOUR score in the subject box.
> > >
> > >                Ready??  Begin...
> > >
> > >
> > >                1.  When do you feel your best?
> > >                   (a) in the morning
> > >                   (b) during the afternoon & early evening
> > >                   (c)  late at night
> > >
> > >                2.  You usually walk...
> > >                  (a) fairly fast, with long steps
> > >                  (b) fairly fast, with short, quick steps
> > >                  (c) less fast head up, looking the world in the face
> > >                  (d) less fast, head down
> > >                  (e) very slowly
> > >
> > >                3.  When talking to people you
> > >                (a) stand with your arms folded
> > >                (b) have your hands clasped
> > >                (c)  have one or both your hands on your hips
> > >                (d) touch or push the person to whom you are talking
> > >                (e) play with your ear, touch your chin, or smooth your
> > >                    hair
> > >
> > >                4.  When relaxing, you sit with
> > >                (a) your knees bent with your legs neatly side by side
> > >                (b)  your legs crossed
> > >                (c) your legs stretched out or straight
> > >                (d) one leg curled under you
> > >
> > >                5.  When something really amuses you, you react with
> > >                (a) a big, appreciative laugh
> > >                (b) a laugh, but not a loud one
> > >                (c) a quiet chuckle
> > >                (d) a sheepish smile
> > >
> > >                6.  When you go to a party or social gathering you..
> > >                (a) make a loud entrance so everyone notices you
> > >                (b) make a quiet entrance, looking around for someone
you
> > >know
> > >                (c) make the quietest entrance, trying to stay
unnoticed
> > >
> > >                7.  You're working very hard, concentrating hard, and
> > >you're
> > >                    interrupted.  Do you:
> > >
> > >                (a) welcome the break
> > >                (b) feel extremely irritated
> > >                (c) vary between these two extremes
> > >
> > >                8.  Which of the following colors do you like most?
> > >                (a) red or orange
> > >                (b) black
> > >                (c) yellow or light blue
> > >                (d) green
> > >                (e) dark blue or purple
> > >                (f) white
> > >                (g) brown or gray
> > >
> > >               9.  When you are in bed at night, in those last few
> > >moments
> > >                   before going to sleep, you lie
> > >
> > >                  (a)  stretched out on your back
> > >                  (b)  stretched out face down on your stomach
> > >                  (c)  on your side, slightly curled
> > >                  (d)  with your head on one arm
> > >                  (e)  with your head under the covers
> > >
> > >               10.  You often dream that you are
> > >                  (a)  falling
> > >                  (b)  fighting or struggling
> > >                  (c)  searching for something or somebody
> > >                  (d)  flying or floating
> > >                  (e)  you usually have dreamless sleep
> > >                  (f)   your dreams are always pleasant
> > >
> > >                  POINTS:
> > >
> > >                1.  (a) 2  (b) 4 (c) 6
> > >
> > >                2.  (a) 6  (b) 4 (c) 7 (d) 2 (e) 1
> > >
> > >                3.  (a) 4  (b) 2 (c) 5 (d) 7 (e) 6
> > >
> > >                4.  (a) 4   (b) 6 (c) 2 (d) 1
> > >
> > >                5.  (a) 6 (b) 4 (c) 3 (d) 5  (e) 2
> > >
> > >                6.  (a) 6 (b) 4 (c) 2
> > >
> > >                7.  (a) 6 (b) 2 (c) 4
> > >
> > >                8.  (a) 6 (b) 7 (c) 5 (d) 4 (e) 3 (f)  2 (g) 1
> > >
> > >                9.  (a) 7 (b) 6 (c) 4 (d) 2 (e) 1
> > >
> > >               10.  (a) 4 (b) 2 (c) 3 (d) 5 (e) 6 (f) 1
> > >
> > >Now Add up the total number of points..
> > >
> > >   OVER 60 POINTS
> > >Others see you as someone they should quote; handle with
> > >care" You're seen as vain, self-centered, and who is extremely
> > >dominant.  Others may admire you, wishing they could be more like you,
> > >but don't always trust you,
> > >hesitating to become too deeply involved with you.
> > >
> > >  51 TO 60 POINTS:
> > >Others see you as an exciting, highly volatile, rather
> > >impulsive personality; a natural leader, who's quick to make
> > >decisions, though not always the right ones.
> > >They see you as bold and adventuresome,
> > >someone who will try anything once; someone who takes
> > >chances and enjoys an adventure.
> > >They enjoy being in your company because of
> > >the excitement you radiate.
> > >
> > >  41 TO 50 POINTS:
> > >Others see you as fresh, lively, charming, amusing,
> > >practical, and always interesting; someone who's constantly
> > >in the center of attention, but sufficiently well-balanced not to let
> > >it go to their head.
> > >They also see you as kind, considerate, and understanding; someone
> > >who'll always cheer them up and help them out.
> > >
> > >31 TO 40 POINTS:
> > >Others see you as sensible, cautious, careful and
> > >practical. They see you as clever, gifted, or talented, but modest. Not
> > >a person who makes friends too quickly or easily, but someone who's
> > >extremely loyal to friends you do make and who expect the same loyalty
> > >in return.
> > >Those who really get to know you realize it takes a lot to shake your
> > >trust in your friends, but equally that it takes you a long time to get
> > >over
> > >it if that trust is ever broken.
> > >
> > >21 TO 30 POINTS:
> > >Your friends see you as painstaking and fussy. They see
> > >you as very cautious, extremely careful, a slow and steady plodder.
> > >It'd really surprise them if you ever did something impulsively or on
> > >the
> > >spur of the moment, expecting you to examine everything carefully from
> > >every
> > >angle and then, usually decide against it. They think this reaction is
> > >caused
> > >partly by your careful nature.
> > >
> > >UNDER 21 POINTS:
> > >People think you are shy, nervous, and indecisive, someone
> > >who needslooking after, who always wants someone else o make the
> > >decisions & who doesn't want to get involved with anyone or anything.
> > >They see you as a worrier who always sees problems that don't exist.
> > >Some people think you're boring.
> > >Only those who know you well know that you aren't.


That's great.  Looking forward to see them.

James D Steffes
07/24/2000 05:54 AM
To: Karen Denne/Corp/Enron@ENRON
cc: Rob Bradley/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Steven J
Kean/HOU/EES@EES, John Jura/NA/Enron@Enron, Jeff Dasovich/SFO/EES@EES
Subject: Re: Generic One-Pager on Price Caps

Rob & Karen --

John Jura is working on putting together some numbers to compare "hedging"
versus "riding the market".  Initial difference looks pretty good.  When
complete, we'll get these numbers to you.

Jim

Karen Denne@ENRON
07/22/2000 01:43 PM
To: Rob Bradley/Corp/Enron@ENRON
cc: Mark Palmer/Corp/Enron@ENRON, Steven J Kean/HOU/EES@EES, James D
Steffes/HOU/EES@EES
Subject: Re: Generic One-Pager on Price Caps

Rob -- This info is great.  For use w/ the media, we'll need to simplify, and
it would be helpful to have specific examples of what a utility would pay and
the overall result of a market with price caps, the current "open" market
(under ISO regulation, buying from the PX) and a pure open market (using
hedges to manage risk).

thx.
kd

	From:  Rob Bradley                           07/21/2000 01:40 PM

To: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON
cc: Steven J Kean/HOU/EES@EES

Subject: Re: Generic One-Pager on Price Caps

Here is a one pager on the general problem of price regulation.  Next we will
need to discuss the particular cases and identify specific distortions, which
the field people will have to provide.

- Rob

---------------------- Forwarded by Rob Bradley/Corp/Enron on 07/22/2000
01:34 AM ---------------------------

James D Steffes@EES
07/20/2000 11:01 PM
To: Rob Bradley/Corp/Enron@ENRON
cc:

Subject: Re: Generic One-Pager on Price Caps

Rob --

I think this is a great start for the outline of policy reasons against price
caps.  If possible, let's run it by PR to see what more structure they want.

Jim

Rob Bradley@ENRON
07/19/2000 02:56 PM

To: James D Steffes/HOU/EES@EES
cc:
Subject: Generic One-Pager on Price Caps

See if this is of use and whether I need to do more.

I hope it sets a framework from which the specifics of the price cap examples
and distortions can be added.

- Rob


I printed copies of this resume the day that I received it from you.  I met with Beth Perlman that day and gave her the resume in person.  I also called Philippe Bibi and sent him a copy of the resume.  I am also by way of this e:mail message going to copy Robert Jones on this resume.  Robert heads up HR for Enron Net Works.  Feel free to give Beth, Philippe and Robert a call to add your personal comments about the candidate.  --Sally

 -----Original Message-----
From: 	Gorny, Vladimir
Sent:	Tuesday, May  29, 2001 3:43 PM
To:	Beck, Sally
Subject:	Resume

Sally,

Per our conversation, I am attaching a resume of James Kantara. This gentleman is one of the smartest classmates in the Executive MBA program at Rice, and I highly recommend him.

 << File: 0105 Kantara Exec Resume - Rice.doc >>


Lindy, Since I will be gone tomorrow and next week.  Would you mind providing this information to Carmen?  I owe you one!

Thanks, Kim.

 -----Original Message-----
From: 	Ayala, Carmen
Sent:	Thursday, September 27, 2001 10:49 AM
To:	Watson, Kimberly
Subject:	O&M agreements

Hi Kim, I was referred to you by Audrey Robertson.

I work for Morris Brassfield in his Contracts Administration dept. He has asked me to pull and make copies of all the O&M agreements for TW  that are being billed monthly so that we can review.

The following is a list of O&M agreements that I am looking for.

ECT/Bisti
ECT/Bloomfield
PNM Gas Services/Blanco Hub
Northwest Pipeline/Blanco Hub
Northwest Pipeline/La Plata

Would you have or know who would have the original executed agreements so that I can make copies for the Contracts department.  If you do have them I would be glad to go and make the copies myself.

Thanks,
Carmen (x56269)
ETS Contract Administration


PLEASE SEE ATTACHED MEMO FROM CINDY OLSON REGARDING THE ABOVE.

THANK YOU

BOBBIE


Guys, I appreciate the updates. Please ensure 1) that you, as ENA, are
integrated 2) deliver a very clear expectation with EE&CC with a credible
plan and 3) that you scream bloody murder if a deliverable is missed.  You
will need to bird-dog this to closure on an hourly basis to ensure that we
get over the goal line.

Keep me in the loop daily so that I can keep the pressure on at a senior
level.

Regards
Delainey


Nicole Mendez
Sr. Administrative Assistant
EWS - Financial Operations
EB 2375D
Phone: 713-853-1431
Fax: 713-646-5997

-----Original Message-----
From: Garcia, Julie A.
Sent: Friday, October 19, 2001 8:18 AM
To: Doroteo, Rufino; 'willieg24@yahoo.com'; Mendez, Nicole; Ellis, Kelly; Solis, Alicia
Subject: FW: A memo from the Chairman at Boeing

Julie A. Garcia
Enron North America
713/853-9893 - Phone
713/646-8732 - Fax

-----Original Message-----
From: Vos, Theresa
Sent: Friday, October 19, 2001 8:15 AM
To: Carl Vos (E-mail); Lorin Crochet (E-mail); Armstrong, James; Pierce, Jody; Herrmann, Karen; Garcia, Julie A.; Ellis, Kelly; Dennis, Tonya
Subject: FW: A memo from the Chairman at Boeing

I hope ya'll enjoy

>From: "Wiesmann, Jon (Grad Training)"
>To: "'jonkarl74@hotmail.com'"
>Subject: FW: A memo from the Cahairman at Boeing
>Date: Thu, 18 Oct 2001 17:02:41 -0500
>
>Here is something that I thought was good!!!
>
>ENJOY
>

  _____

Get your FREE download of MSN Explorer at http://explorer.msn.com <http://go.msn.com/bql/hmtag_itl_EN.asp>


one thing, we should wait before we dole out all 250 until we hear from others


Set up w/Maria Jose @ 9011541148912641
(Michael's direct dial @ 9011541148913600 )


---------------------- Forwarded by Scott Neal/HOU/ECT on 10/03/2000 03:02 PM
---------------------------

"Conrad Neal" <cneal@bluegate.com> on 09/15/2000 04:12:16 PM
Please respond to <cneal@bluegate.com>
To: "'Neal, Scott'" <sneal@enron.com>, "'Neal, Todd'" <todd.neal@chron.com>,
"'Neal, John'" <muddywaters@hubserv.com>, "'Neal, William'"
<billnealmd@hotmail.com>, "'Neal, Chris'" <chrisn@thisco.com>, "'Neal, Eric'"
<ericn@thisco.com>
cc:
Subject: Me and Willis Tree Farm

Just wanted to let everyone know I started a new job last Friday:
    Pipeline Power Partners
    10000 Memorial Drive, Suite 200
    Houston, Texas 77024
    713-290-8762
I'm back working on compressor stations and gas storage projects with some
of the guys I worked with on the Columbia Gas Compressor station in '93-'94.
Note new email address also.

Barry called me last week about the well pump. It was not working and he had
tried everything he knew to do. We decided to call Western Water Well
Service in Conroe to check it out. Bottom line-it was beyond repair and we
had to replace at a cost of $765.52. When our tenant at the time took it
upon himself to dig a new well ($1500) he had them put in a real cheap
pump-so that's why it went out in a relatively short period of time. We now
have only $90 in the account so everyone needs to think about making a
contribution sometime soon. If you have a question, please call.

Conrad

 - winmail.dat


I don't have it.

 -----Original Message-----
From: 	Grigsby, Mike
Sent:	Wednesday, January 23, 2002 2:31 PM
To:	Rangel, Ina; Shively, Hunter S.; Neal, Scott
Subject:	Shankman

Does anyone have a way to get in touch with Jeff Shankman?  I would like his phone number.

Thanks,
Grigsby


I called Chuck today at Iams to introduce myself.  He wanted to know if there's anything for him to do for your July deal.  Do you need any more info from him??

.
(Kevin


---------------------- Forwarded by Heather Kroll/HOU/ECT on 11/13/2000 11:57
AM ---------------------------

Stephen Plauche@ENRON
11/10/2000 01:37 PM
To: Heather Kroll/HOU/ECT@ECT, Scott Healy/HOU/ECT@ECT
cc:
Subject: Noise Analysis

FYI... George Hessler's analysis of noise at both sites.

SP
---------------------- Forwarded by Stephen Plauche/Corp/Enron on 11/10/2000
01:40 PM ---------------------------

"gfhhai" <gfhhai@email.msn.com> on 11/10/2000 01:02:02 PM
To: <Stephen.Plauche@enron.com>
cc:

Subject: Re: Noise

Stephen,

Attached is our analysis of the sites in question. Please call if you have
any questions.

Elden

----- Original Message -----
From: <Stephen.Plauche@enron.com>
To: <gfhhai@msn.com>
Sent: Thursday, November 09, 2000 6:56 PM
Subject: Noise

> George,
>
>      FYI.... here is the email detailing the noise levels at different
> distances from the site.
>
> Stephen
> (713) 853-3890
> ---------------------- Forwarded by Stephen Plauche/Corp/Enron on
> 11/09/2000 05:58 PM ---------------------------
>
>
> Terri Austin@ENRON_DEVELOPMENT
> 11/09/2000 03:45 PM
>
> To:   Stephen Plauche@ENRON
> cc:   Michael D Nanny/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
>
> Subject:  Noise
>
> Steve,
>
> The noise form the transformers, low or high voltage, is 85 DBA @ 3 ft.
>
> The distances to the closest boundary for the sites are as follows:
>
> Wallingford, Connecticut:
> Boundary Side            Distance  Emitter
> East(Other side of road)       240ft          air blower
> North(Other side of road)     140ft           Low voltage Step-up
> transformer
> South(Other side of road)     90ft       Main step-up transformer
> West(CR Property)        20ft      Low voltage step-up transformer
>
> Hartford, Connecticut
> Boundary Side            Distance  Emitter
> North (CL&P Swithyard)        210ft           High voltage step-up
> transformer
> East (CL&P Turbines)          350ft           High voltage step-up
> transformer
> South(Fence Line)        520ft           Low voltage step-up transformer
>
> West (Existing Parking lot)   210ft           air blower
>
> Terri
>
>
>
>
>
>
>
>

 - e-mail letter rpt enron.doc


Hope you had a great weekend as well.  So here we are back, but the good news
is it is Tuesday already!

Please let me know anytime I can help.

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


Tana:

The following CPs are not authorized to trade US power products -- restricted
by credit:

NGL Supply, Inc.
NGL Supply, Inc. Dba Premier Energy Partners
Continental Gas, Inc.

Leslie


Are you going to look at the apt?

I am going to try to leave around 5pm.  Just let me know if you can't take me, I understand.


The 4th Quarter Forecast Meeting with Stan scheduled for Thursday, October 18 has been canceled.  Rod and I will meet with Stan separately.

Thanks

Tracy Geaccone


This request has been pending your approval for  3 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000080512&Page=Approval to review and act upon this request.

Request ID          : 000000000080512
Request Create Date : 1/7/02 5:01:54 PM
Requested For       : stephen.benchluch@enron.com
Resource Name       : Market Data Kobra Power
Resource Type       : Applications


Can you please print the attached and next message with the correct margins
and then label a manila file as "Accounting:  Issue Nos 96-13, 00-19 and
00-7".
----- Forwarded by Sara Shackleton/HOU/ECT on 07/27/2000 08:19 AM -----

	Ryan Siurek@ENRON
	07/26/2000 12:21 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: re: EITF 96-13

EITF - Emerging Issues Task Force
1996\Issue 96-13: Accounting for Derivative Financial Instruments Indexed to,
and Potentially Settled in, a Company's Own Stock
Abstract

                                                   EITF ABSTRACTS

                            Issue No. 96-13

 Title:
                        Accounting for Derivative Financial Instruments
Indexed to, and Potentially Settled in, a Company's Own Stock

 Dates Discussed

                        November 12-13, 1987; January 19, 1995; March 23,
1995; May 18-19, 1995; July 20-21, 1995; September 20-21, 1995;
                        January 18, 1996; July 18, 1996; September 18-19,
1996; November 14, 1996; January 23, 1997

 References

                        FASB Statement No. 80, Accounting for Futures
Contracts
                        FASB Statement No. 123, Accounting for Stock-Based
Compensation
                        FASB Statement No. 128, Earnings per Share
                        FASB Discussion Memorandum, Recognition and
Measurement of Financial Instruments, November 18, 1991
                        APB Opinion No. 9, Reporting the Results of
Operations
                        APB Opinion No. 14, Accounting for Convertible Debt
and Debt Issued with Stock Purchase Warrants
                        APB Opinion No. 15, Earnings per Share
                        APB Opinion No. 21, Interest on Receivables and
Payables
                        SEC Accounting Series Release No. 268, Presentation
in Financial Statements of "Redeemable Preferred Stocks"

ISSUE

For a number of business reasons, a company may enter into contracts that are
indexed to, and sometimes settled in, its own stock. Examples of these
contracts include written put options, written call options (and warrants),
purchased put options, purchased call options, forward sale contracts, and
forward
purchase contracts. These contracts may be settled using a variety of
settlement methods, or the issuing company or counterparty may have a choice
of
settlement methods. The settlement methods are:

     Physical settlement - the party designated in the contract as the buyer
delivers the full stated amount of cash to the seller, and the seller
delivers the full
     stated number of shares to the buyer.

     Net share settlement - the party with a loss delivers to the party with
a gain shares with a current fair value equal to the gain.

     Net cash settlement - the party with a loss delivers to the party with a
gain a cash payment equal to the gain, and no shares are exchanged.

The contracts described above may be either freestanding or embedded in
another financial instrument. A freestanding contract is entered into
separate and
apart from any of the company's other financial instruments or equity
transactions, or it is entered into in conjunction with some other
transaction and is legally
detachable and separately exercisable.

This Issue applies only to freestanding derivative financial instruments (for
example, forward contracts, options, and warrants). This Issue does not apply
to
security price guarantees or other financial instruments indexed to, or
otherwise based on, the price of the issuer's stock that are issued in
connection with a
purchase business combination [Note See STATUS section.], nor does it address
the accounting for either the derivative component or the financial instrument
when the derivative component is embedded in and not detachable from the
financial instrument. This Issue does not address the accounting for
contracts that
are issued to compensation employees or to acquire goods or services from
nonemployees.

The issue is how freestanding contracts that are indexed to, and potentially
settled in, a company's own stock should be classified and measured.

EITF DISCUSSION

A. Framework for Accounting

The Task Force discussed the accounting for freestanding contracts that are
indexed to, and potentially settled in, a company's own stock and reached
several
consensuses, as described below. The consensuses in this Issue are to be
applied to all freestanding derivative financial instruments that are indexed
to, and
potentially settled in, a company's own stock; however, nonpublic companies
may continue to apply the consensus in Issue No. 88-9, "Put Warrants ," to the
instruments covered by that Issue. Hereinafter, the framework for accounting
that is established in this Issue is referred to as the "Model."

(1) Initial balance sheet classification

The initial balance sheet classification generally is based on the concept
that contracts that require net cash settlement are assets or liabilities and
contracts that
require settlement in shares are equity instruments. If the contract provides
the company with a choice of net cash settlement or settlement in shares, the
Model
assumes settlement in shares; if the contract provides the counterparty with
a choice of net cash settlement or settlement in shares, the Model assumes
net cash
settlement. However, this Model is not applicable when settlement
alternatives do not have the same economic value attached to them or when one
of the
settlement alternatives is fixed or contains caps or floors. In those
situations, the accounting for the instrument (or combination of instruments)
should be based
on the economic substance of the transaction.1

          1 For example, if a freestanding contract, issued together with
another instrument, requires that the issuer provide to the holder a fixed or
          guaranteed return such that the instruments are, insubstance, debt,
the issuer should account for both instruments as liabilities, regardless of
the
          settlement terms of the freestanding contract.

Accordingly, unless the economic substance indicates otherwise, contracts
would be initially classified as equity, or as assets or liabilities, in the
following
situations:

Equity instruments

     Contracts that require physical settlement or net share settlement

     Contracts that give the company a choice of net cash settlement or
settlement in its own shares (physical settlement or net share settlement).

Assets or liabilities

     Contracts that require net cash settlement

     Contracts that give the counterparty a choice of net cash settlement or
settlement in shares (physical settlement or net share settlement).

(2) Initial measurement, and subsequent balance sheet classification and
measurement

The Model requires that all instruments be initially measured at fair value
and subsequently accounted for based on the initial classification and the
assumed or
required settlement method in (1) above.2 Contracts that are initially
classified as equity are accounted for in permanent equity. If physical
settlement was
assumed or required and the company is obligated to deliver cash as part of
the physical settlement,3 then public companies should refer to ASR 268, which
provides guidance by analogy for those transactions, and account for the
transactions as provided below under "Equity instruments - temporary equity."

          2 For contracts that are classified as equity instruments that
provide the company with a choice between either net share settlement or
physical
          settlement that may require that the company deliver cash, net
share settlement should be assumed. For contracts that are classified as
equity
          instruments that provide the counterparty with a choice of either
net share settlement or physical settlement that may require that the company
          deliver cash, physical settlement should be assumed.

          3 For example, if the company sells put options indexed to its own
stock that enable the holder to sell shares back to the company at the strike
          price.

Equity instruments - permanent equity

     Contracts that require that the company deliver shares as part of a
physical settlement or a net share settlement should be initially measured at
fair value
     and reported in permanent equity. Subsequent changes in fair value
should not be recognized.

     Contracts that give the company a choice of (a) net cash settlement or
settlement in shares (including net share settlement, or physical settlement
that
     requires that the company deliver shares) or (b) either net share
settlement or physical settlement that requires that the company deliver cash
should be
     initially measured at fair value and reported in permanent equity.
Subsequent changes in fair value should not be recognized. If such contracts
are
     ultimately settled in a manner that requires that the company deliver
cash, the amount of cash paid or received should be reported as a reduction
of, or
     an addition to, contributed capital.

Equity instruments - temporary equity4

          4 Classification and measurement in temporary equity is required
for public companies. ASR 268 provides guidance by analogy for transactions
          classified as temporary equity.

     Contracts that (a) require that the company deliver cash as part of a
physical settlement, (b) give the company a choice of either net cash
settlement or
     physical settlement that requires that the company deliver cash, or (c)
give the counterparty a choice of either net share settlement or physical
settlement
     that requires that the company deliver cash should be initially measured
at fair value and reported in permanent equity, and an amount equal to the
cash
     redemption amount under the physical settlement should be transferred to
temporary equity.

Assets or liabilities

     Contracts that are initially classified as assets or liabilities should
be measured at fair value, with changes in fair value reported in earnings
and disclosed
     in the financial statements. If contracts initially classified as assets
or liabilities are ultimately settled in shares, any gains or losses on those
contracts
     should continue to be included in earnings.

B. Hedging

The SEC Observer stated that the SEC staff has consistently held the position
that hedge accounting is not permitted for transactions involving the
contracts
within the scope of this Issue because those transactions have not met all
the criteria of Statement 80. The SEC staff also believes that hedge
accounting for
transactions involving those contracts is inconsistent with paragraph 28 of
Opinion 9.

Because of the SEC staff's position, the Task Force decided to end its
discussion of whether the contracts described above can qualify for hedge
accounting.

C. Application of the Model to Specific Instruments

The following reflects several Task Force consensuses with respect to the
application of the Model, described in Section A of this Issue, to certain
freestanding
derivative financial instruments that are indexed to, and potentially settled
in, a company's own stock.

(1) Written put options5 and forward purchase contracts

          5 Includes shareholder rights (SHARP rights) issued by the company
to shareholders that give the shareholders the right to put a specified number
          of common shares to the company for cash.

Description

The company (the buyer) agrees to buy from the seller shares at a specified
price at some future date. The contract may be settled by physical
settlement, net
share settlement, or net cash settlement, or the issuing company or the
counterparty may have a choice of settlement methods.6

          6 Application of the Model to purchased call options is discussed
in C(3).

Consensus

The Model would be applied as follows:
                                                One Settlement Method

                                                                 Physical (a)

        Net Share

                            Net Cash

 (1) Initial Classification:

 Equity

                                                                      x

            x

 Asset Liability

                               x

 (2) Initial Measurement, Subsequent Classification and Measurement:

 Fair value, permanent equity - no changes in fair value

            x

 Fair value, transfer to temporary equity an amount equal to cash redemption
 amount (b)

                                                                      x

 Fair value, asset/liability - adjusted for changes in fair value (c)

                               x

(a) Physical settlement of the contract requires that the company deliver
cash to the holder in exchange for the shares.

(b) Classification and measurement guidance within temporary equity applies
only to public companies.

(c) Subsequent changes in fair value should be reported in earnings and
disclosed in the financial statements.

(d) If the contracts are ultimately settled in shares, any gains or losses on
those contracts should continue to be included in earnings.

(e) If the contracts are ultimately physically settled by the company,
requiring that the company deliver cash, or are ultimately settled in net
cash, the amount of
cash paid or received should be reported as a reduction of, or as an addition
to, contributed capital.

(f) If the contracts are ultimately settled in net cash or net shares, the
amount reported in temporary equity should be transferred and reported as an
addition to
permanent equity.

                                                   Company Choice

                                                             Net Share or
Physical
                                                                     (a)

   Net Share or Net Cash

                       Net Cash or Physical

                               (a)

 (1) Initial Classification:

 Equity

                                                                      x

            x

                               x

 Asset Liability

 (2) Initial Measurement, Subsequent Classification and Measurement:

 Fair value, permanent equity - no changes in fair value

                                                                     x(e)

           x(e)

 Fair value, transfer to temporary equity an amount equal to cash redemption
 amount (b)

                                                                      x

                               x(f)

 Fair value, asset/liability - adjusted for changes in fair value (c)

(a) Physical settlement of the contract requires that the company deliver
cash to the holder in exchange for the shares.

(b) Classification and measurement guidance within temporary equity applies
only to public companies.

(c) Subsequent changes in fair value should be reported in earnings and
disclosed in the financial statements.

(d) If the contracts are ultimately settled in shares, any gains or losses on
those contracts should continue to be included in earnings.

(e) If the contracts are ultimately physically settled by the company,
requiring that the company deliver cash, or are ultimately settled in net
cash, the amount of
cash paid or received should be reported as a reduction of, or as an addition
to, contributed capital.

(f) If the contracts are ultimately settled in net cash or net shares, the
amount reported in temporary equity should be transferred and reported as an
addition to
permanent equity.

                                                  Counterparty Choice

                                                             Net Share or
Physical
                                                                     (a)

   Net Share or Net Cash

                       Net Cash or Physical

                               (a)

 (1) Initial Classification:

 Equity

                                                                      x

 Asset Liability

            x

                               x

 (2) Initial Measurement, Subsequent Classification and Measurement:

 Fair value, permanent equity - no changes in fair value

            x

 Fair value, transfer to temporary equity an amount equal to cash redemption
 amount (b)

                                                                     x(f)

 Fair value, asset/liability - adjusted for changes in fair value (c)

           x(d)

                              x(d)

(a) Physical settlement of the contract requires that the company deliver
cash to the holder in exchange for the shares.

(b) Classification and measurement guidance within temporary equity applies
only to public companies.

(c) Subsequent changes in fair value should be reported in earnings and
disclosed in the financial statements.

(d) If the contracts are ultimately settled in shares, any gains or losses on
those contracts should continue to be included in earnings.

(e) If the contracts are ultimately physically settled by the company,
requiring that the company deliver cash, or are ultimately settled in net
cash, the amount of
cash paid or received should be reported as a reduction of, or as an addition
to, contributed capital.

(f) If the contracts are ultimately settled in net cash or net shares, the
amount reported in temporary equity should be transferred and reported as an
addition to
permanent equity.

(2) Forward sale contracts, written call options or warrants, and purchased
put options

Description

The issuing company (the seller) agrees to sell shares of its stock to the
buyer of the contract at a specified price at some future date. The contract
may be
settled by physical settlement, net share settlement, or net cash settlement,
or the issuing company or counterparty may have a choice of settlement
methods.

Consensus

The Model would be applied as follows:
                                                One Settlement Method

                                                                 Physical (a)

        Net Share

                            Net Cash

 (1) Initial Classification

 Equity

                                                                      x

            x

 Asset/Liability

                               x

 (2) Initial Measurement, Subsequent Classification and Measurement:

 Fair value, permanent equity - no changes in fair value

                                                                      x

            x

 Fair value, asset/liability - adjusted changes in fair value (b)

                               x

(a) Physical settlement of the contract requires that the company deliver
shares to the holder in exchange for cash.

(b) Subsequent changes in fair value should be reported in earnings and
disclosed in the financial statements.

(c) If the contracts are ultimately settled in net cash, the amount of cash
paid or received should be reported as a reduction of, or an addition to,
contributed
capital.

(d) If the contracts are ultimately settled in shares, any gains or losses on
those contracts should continue to be included in earnings.
                                                   Company Choice

                                                             Net Share or
Physical
                                                                     (a)

   Net Share or Net Cash

                       Net Cash or Physical

 (1) Initial Classification

 Equity

                                                                      x

            x

                               x

 Asset/Liability

 (2) Initial Measurement, Subsequent Classification and Measurement:

 Fair value, permanent equity - no changes in fair value

                                                                      x

           x(c)

                              x(c)

 Fair value, asset/liability - adjusted changes in fair value (b)

(a) Physical settlement of the contract requires that the company deliver
shares to the holder in exchange for cash.

(b) Subsequent changes in fair value should be reported in earnings and
disclosed in the financial statements.

(c) If the contracts are ultimately settled in net cash, the amount of cash
paid or received should be reported as a reduction of, or an addition to,
contributed
capital.

(d) If the contracts are ultimately settled in shares, any gains or losses on
those contracts should continue to be included in earnings.
                                                  Counterparty Choice

                                                             Net Share or
Physical
                                                                     (a)

   Net Share or Net Cash

                       Net Cash or Physical

                               (a)

 (1) Initial Classification

 Equity

                                                                      x

 Asset/Liability

            x

                               x

 (2) Initial Measurement, Subsequent Classification and Measurement:

 Fair value, permanent equity - no changes in fair value

                                                                      x

 Fair value, asset/liability - adjusted changes in fair value (b)

           x(d)

                              x(d)

(a) Physical settlement of the contract requires that the company deliver
shares to the holder in exchange for cash.

(b) Subsequent changes in fair value should be reported in earnings and
disclosed in the financial statements.

(c) If the contracts are ultimately settled in net cash, the amount of cash
paid or received should be reported as a reduction of, or an addition to,
contributed
capital.

(d) If the contracts are ultimately settled in shares, any gains or losses on
those contracts should continue to be included in earnings.

(3) Purchased call options

Description

The company (the buyer) purchases call options that provide it with the
right, but not the obligation, to buy from the seller, shares of the
company's stock at a
specified price. If the options are exercised, the contract may be settled by
physical settlement, net share settlement, or net cash settlement, or the
issuing
company or the counterparty may have a choice of settlement methods.

Consensus

The company should follow the table included in (2) above in accounting for
the call options.

(4) Detachable stock purchase warrants

Description

An enterprise issues senior subordinated notes with a detachable warrant that
gives the holder both the right to purchase 6,250 shares of the enterprise's
stock
for $75 per share and the right (that is, a put) to require that the
enterprise repurchase all or any portion of the warrant for at least $2,010
per share at a date
several months after the maturity of the notes in about 7 years.

Consensus

The proceeds should be allocated between the debt liability and the warrant
and the resulting discount should be amortized in accordance with Opinion 21.
The warrants should be considered, in substance, debt and accounted for as a
liability because the settlement alternatives for the warrants do not have the
same economic value attached to them and they provide the holder with a
guaranteed return in cash that is significantly in excess of the value of the
share
settlement alternative on the issuance date.

(5) Put warrants

Description

Put warrants are instruments with characteristics of both warrants and put
options. The holder of the instrument is entitled to exercise (a) the warrant
feature to
acquire the common stock of the issuer at a specified price, (b) the put
option feature to put the instrument back to the issuer for a cash payment,
or in some
cases, (c) both the warrant feature to acquire the common stock and the put
option feature to put that stock back to the issuer for a cash payment. Put
warrants are frequently issued concurrently with debt securities of the
issuer, are detachable from the debt, and may be exercisable only under
specified
conditions. The put feature of the instrument may expire under varying
circumstances, for example, with the passage of time or if the issuer has a
public stock
offering. Under Opinion 14, a portion of the proceeds from the issuance of
debt with detachable warrants must be allocated to those warrants.

Consensus

Because the contract gives the counterparty the choice of cash settlement or
settlement in shares, public companies should report the proceeds from the
issuance of put warrants as liabilities and subsequently measure the put
warrants at fair value with changes in fair value reported in earnings.
Nonpublic
companies may continue to classify and measure the put warrants in accordance
with the consensus in Issue 88-9.

D. Earnings per Share

The Task Force reached the following consensus on how written put options
affect the earnings-per-share calculation:

If the written put options are "in the money" during the period being
reported on, the potential dilutive effect on earnings per share should be
computed using
the reverse treasury stock method. Under that method, the incremental number
of shares is computed as (a) the number of shares that would need to be issued
for cash at the then current market price to obtain cash to satisfy the put
obligation less (b) the number of shares received from satisfying the puts.

The Task Force discussed whether it should comprehensively address issues
relating to earnings per share in this Issue. The Task Force agreed that the
FASB
should address the issues relating to earnings per share as part of its
project on earnings per share. [Note: See STATUS section.]

STATUS

In February 1997, the FASB issued Statement 128, which supersedes Opinion 15.
Statement 128 is effective for financial statements for both interim and
annual periods ending after December 15, 1997, and earlier application is not
permitted.

Statement 128 affirms the consensus reached by the Task Force on how written
put options affect the earnings per share calculation. That is, in computing
diluted EPS, Statement 128 requires use of the reverse treasury stock method
to account for the dilutive effect of written put options and similar
contracts that
are "in the money" during the reporting period. Statement 128 states that
purchased options should not be reflected in the computation of diluted EPS
because
to do so would be antidilutive. At the July 23 and November 18-19, 1998
meetings, an FASB staff representative made an announcement (Topic No. D-72,
"Effects of Contracts That May Be Settled in Stock or Cash on the Computation
of Diluted Earnings per Share ") that for those contracts that provide the
company with a choice of settlement methods, the company shall assume that
the contract will be settled in shares. That presumption may be overcome if
past
experience or a stated policy provides a reasonable basis to believe that it
is probable that the contract will be paid partially or wholly in cash. For
contracts in
which the counterparty controls the means of settlement, past experience or a
stated policy is not determinative. Accordingly, in those situations, the more
dilutive of cash or share settlement should be used.

At the July 23-24, 1997 meeting, the Task Force addressed the accounting for
contingent consideration issued to effect a purchase business combination in
Issue No. 97-8. "Accounting for Contingent Consideration Issued in a Purchase
Business Combination ." The Task force observed that Issue 96-13 should
be applied to freestanding contracts that are indexed to, and potentially
settled in, a company's own stock if those instruments meet the criteria in
Issue 97-8
for recording as part of the cost of the business acquired in a purchase
business combination.

A related issue has been discussed in Issue No. 98-12, "The Application of
Issue No. 96-13 to Forward Equity Sales Transactions ." That Issue deals with
the accounting and earnings per share treatment of situations in which a
freestanding derivative instrument (a forward contract) that is indexed to,
and
potentially settled in, a company's own stock is issued concurrent with the
issuance of shares of the company's stock. This Issue is limited to
situations in which
the party to whom the common stock was sold is also the counterparty to the
forward contract.

Another related issue has been discussed in Issue No. 99-1, "Accounting for
Debt Convertible into the Stock of a Consolidated Subsidiary ." That Issue
deals with the accounting in the consolidated financial statements for debt
issued by a consolidated subsidiary or a parent company that is convertible
into the
stock of a consolidated subsidiary. As part of the discussion of Issue 99-1,
Task Force members agreed to consider further whether to clarify this Issue by
indicating that equity shares of any entity under the control of the
consolidated entity are considered "a company's own stock."

A related issue was discussed at the May 19-20, 1999 meeting in Issue No.
99-3, "Application of Issue No. 96-13 to Derivative Instruments with Multiple
Settlement Alternatives ." That Issue deals with how certain derivative
contracts indexed to, and potentially settled in, a company's own stock that
contain
multiple settlement alternatives should be accounted for.

The Task Force discussed another related issue in Issue No. 99-7, "Accounting
for an Accelerated Share Repurchase Program ." That Issue addressed the
accounting for, and pooling-of-interests implications of, purchasing treasury
stock and simultaneously entering into a forward contract indexed to the
company's own shares.

At the March 16, 2000 meeting, the Task Force discussed a related issue in
Issue No. 00-6, "Accounting for Freestanding Derivative Financial Instruments
Indexed to, and Potentially Settled in, the Stock of a Consolidated
Subsidiary ." That Issue addresses how freestanding derivative instruments
entered into
by a parent company that are indexed to, and potentially settled in, the
stock of a consolidated subsidiary should be classified and measured in the
consolidated financial statements.

Another related issue was discussed at the March 16, 2000 meeting in Issue
No. 00-7, "Application of Issue No. 96-13 to Equity Derivative Instruments
That
Contain Certain Provisions That Require Net Cash Settlement If Certain Events
outside the Control of the Issuer Occur ." That Issue deals with how certain
derivative contracts indexed to, and potentially settled in, a company's own
stock that require a cash payment by the issuer upon the occurrence of future
events outside the control of the issuer should be accounted for.

No further EITF discussion is planned.


Christopher MacDonald-Dennis
1927 Sheffield Drive
Ypsilanti, MI 48198
zanychris@hotmail.com

To Mr. Ken Lay,

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

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

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

Sincerely,

Christopher MacDonald-Dennis


Mark;
I thought you should see this - Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 12/21/2000 12:40 PM -----

	Shari Stack
	12/21/2000 12:31 PM

		 To: Sara Shackleton/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Veronica
Espinoza/Corp/Enron@ENRON, Russell Diamond/HOU/ECT@ECT, Rudwell
Johnson/NA/Enron@ENRON, Tom Moran/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron, Stephanie Panus/NA/Enron@Enr
		 cc: Tracy Ngo/PDX/ECT@ECT
		 Subject: Re: Edison Mission Marketing & Trading, Inc.

I have agreed with Tracy that I will handle this email for the Swap Group.

Shari

	Tracy Ngo
	12/21/2000 11:57 AM

		 To: Shari Stack/HOU/ECT@ECT
		 cc:
		 Subject: Edison Mission Marketing & Trading, Inc.

---------------------- Forwarded by Tracy Ngo/PDX/ECT on 12/21/2000 10:03 AM
---------------------------

Tracy Ngo
12/20/2000 10:54 PM
To: Susan Bailey/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron
cc: Sara Shackleton/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Veronica
Espinoza/Corp/Enron@ENRON, Russell Diamond/HOU/ECT@ECT, Rudwell
Johnson/NA/Enron@ENRON, Tom Moran/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT

Subject: Edison Mission Marketing & Trading, Inc.

Edison Mission Marketing & Trading, Inc. ("EMMT") has agreed to provide to
ENA two (2) separate guaranty agreements:  (i) the first guaranty from Edison
Mission Energy for four (4) specific swaps that were previously entered into
with ENA, and (ii) the second guaranty from Edison Mission Midwest Holdings
Co. for other financial transactions (previously entered into and for new
swaps).

EMMT had previously provided to me their guaranty format (which actually
looks like a combination of a previously accepted physical power gty and the
financial guaranty format that ENA sends with ISDA drafts).  I have taken
EMMT's format and took a stab at reviewing/commenting on their format by
following our accepted format.  There are two guaranty format attachments
below that have my red-lined comments for ENA financial legal's review.  The
third attachment is my suggestion to add the 4 executed confirms for the
Edison Mission Energy gty as a Schedule A to the gty (for your review and
comments as well).

In summary and for clarification, the terms for both guaranties are as
follows:
(i)  Guarantor:  Edison Mission Midwest Holdings Co.
Covered CP:  Edison Mission Marketing & Trading, Inc.
Beneficiary:  Enron North America Corp.
Effective Date of Gty:  August 28, 2000
Execution Date of Gty:  December 21, 2000 (or as soon as possible)
Expiry Date:  open
Amount:  $15,000,000
Products Covered:  swaps, options, or other financially-settled derivative
transactions (NO executed ISDA)

(ii)  Guarantor:  Edison Mission Energy
Covered CP:  Edison Mission Marketing & Trading, Inc.
Beneficiary:  Enron North America Corp.
Execution and Effective Date of Gty:  December 21, 2000 (or as soon as
possible)
Expiry Date:  January 31, 2002
Amount:  $35,000,000
Specific Financial Transactions Covered:  four (4) specific confirms.
Transaction ID's are:  NA8930.1, NA9105.1, NA9106.1, NC8086.1 (NO executed
ISDA)

I made efforts on wearing my "legal hat" by the red-lined comments to the
guaranty format.  Feel free to modify/accept/add comments, etc.  I would
appreciate your immediate attention to the requested reviews.  I am available
in Portland at 503-464-8755 or (cell 503-807-5633) should you have any
questions regarding the aforementioned.  In the essence of time, Credit is
requesting that legal provide comments given that there is NO EXECUTED MASTER
ISDA.  It is critical that we accept the guaranties first once negotiated,
and pursue an ISDA early next year.

Thanks for all of your prompt attention regarding this matter.

Regards,
Tracy


PLEASE DO NOT RESPOND TO THIS E-MAIL--THIS ACCOUNT IS NOT MONITORED

AP User:

Attached is/are the payment proposal(s) for your business unit.  Please review and forward to your approver(s)/CAO.

Thank you.
SAP AP Team
 - 20020104-ENWW.XLS


I am working with Mary Joyce on that right now. Michelle
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


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Hi. I'm ready to go postal with all the computer problems I'm having.  Did
you get the document I sent yesterday morning?


CALENDAR ENTRY:	REMINDER

Description:
	Monica - Vacation

Date:		10/7/2000
Time:		8:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


I am out on Monday, but can be reached at 713.826.4488 (cell). I thought everything looked good. FYI - Karen cannot find an accrued liability balance at 6/30/01 after all.  I want to make sure that this is a final adjustment, not subject to further audit whereby we would have to give it back. Exposure is the 100k we deducted from the Hanover realted amouints. But I don't want Northern to know - it seems to me they have already accepted it and we used the 100k to feel better about the issue we felt was in our favor contractually anyway.

-----Original Message-----
From: Nemec, Gerald
Sent: Fri 9/28/2001 5:40 PM
To: Whitt, Mark
Cc: Sherman, Cris
Subject: FW: Final Settlement Statement and Amendment to Master Services Agreement

For your review.  Let's talk early Monday.

 -----Original Message-----
From:   Daniel, Shonnie
Sent:   Friday, September 28, 2001 5:27 PM
To:     Nemec, Gerald; Sherman, Cris; Wiederholt, Patricia; Peters, Jerry
Cc:     Baldridge, Don
Subject:        Final Settlement Statement and Amendment to Master Services Agreement

At the request of Don Baldridge I am forwarding a draft Final Settlement Statement and an Amendment to the Master Services Agreement (clean and red lined against the version previously provided Enron North America Corp.).

Shonnie Daniel <<Final Closing Statement2.doc>> <<Master Services First Amendment ver 4.doc>> <<Master Services First Amendment ver 4red.doc>>

Crestone Energy Ventures, L.L.C.
1400 16th Street, Suite 310
Denver, CO 80202
Phone (720) 946-3667
Fax (720) 946-3710
shonnie.daniel@enron.com

PRIVILEGED & CONFIDENTIAL COMMUNICATION: DO NOT read, copy or  disseminate this communication unless you are the intended addressee.  This  communication may contain information that, may be subject to the attorney-client privilege, be attorney work product,or be otherwise privileged, confidential and  exempt from disclosure under applicable law.  If you are not  the intended recipient, you are on notice that any unauthorized  disclosure, copying, distribution, or taking of any action in reliance on the  contents of the electronically transmitted materials is prohibited. If you  have received this communication in error, please call us immediately at 866-946-3601and ask to speak to the sender of the  communication.  Also, please notify immediately via e-mail the sender  that you have received the communication in error.


Valeria,

I agree that we need her to execute that note by a date certain.  This has gone on too long.

Michelle

-----Original Message-----
From: Hope, Valeria A.
Sent: Saturday, November 17, 2001 4:20 AM
To: Hickok, Kim; Cash, Michelle
Cc: Funkhouser, Shanna
Subject: RE: Chevondra Auzenne

This is really great news!  I think that we need to let her know that Dale is interested in having her transfer to his group but we still have the outstanding issue of the promissory note.  We need to let her know that she needs to take care of that matter or she will not be able to retain her employment with Enron.  Since she has had it for quite some time we need to give her a short window to comply.  What do you think?

Valeria

-----Original Message-----
From: Hickok, Kim
Sent: Fri 11/16/2001 11:53 AM
To: Hope, Valeria A.; Cash, Michelle
Cc: Funkhouser, Shanna
Subject: Chevondra Auzenne

Valeria/Michelle -  Chevondra was offered a 30-day trail period working for Dale Neuner and if she was successful in her efforts, then she would have an option to officially transfer to Dale's department.  The trial period was complete as of November 15th and Dale has contacted EGM HR requesting the transfer of Chevondra into his group.

However, there was a contingency in Chevondra's transfer.  She was to sign a promissory note (for outstanding personal calls on a company cell phone), as well as return the company cell phone.  Shanna and I are unaware of  the cell phone or the signed promissory note being returned at this time.

Could you please provide the recommended next steps?

Regards,
Kim Hickok
Staff - EGM HR
Office: 713-345-4019
Pager: 877-547-6061


Just a note...

I have not gotten that ISDA Master out yet because there are some things in the credit worksheet that don't jive with the credit terms in the current master as well as credit terms generally consistent on this side of the Atlantic.  I have asked Jay Williams in our Credit Dept. here to get with the credit person there in London who worked up the credit worksheet to clear up the credit terms.  I have drafted the ISDA with everything except making the credit choices so it sits there waiting for credit.

Just wanted to keep you updated...


Thanks for participating in the first Traders' Roundtable.  If you have not
read "When Genius Failed" by Roger Lowenstein about the rise and fall of Long
Term Capital, I have copies--swing by and Jennifer will get you one.  It is a
great read.

You will get a memo this week about the next meeting.

Jeff

P.S.  Phillip, no bid for the PAllen house.


All,

I am aware that early in the EnronOnline process, some GTC's were only
generated for the "With Collateral" category and hence, all companies
transacting in that commodity were subject to the collateral clause.

I am now starting to wonder if this was an oversight, or if there is a reason
why all counterparties should be bound by a collateral clause for the
following GTC's/Products:

I would appreciate any insight which any of you can offer.

Thanks,

Dave


Mike Moran has informed me that the FTC and U.S. DOJ, as part of their review
of the El Paso-Coastal merger, have decided to take a close look at the
merger's possible impact on competition in the Chicago-Wisconsin market.  In
this regard, those agencies need to set up a conference call in the next two
weeks to discuss that issue with experts on that market from Border and
Northern.  This will not be an on-the-record deposition.  It will be a conf.
call and what I expect to be an  informal question and answer session on what
we know.   Representatives of the Wisconsin and Illinois Attorney General's
office (or whatever agency it is in those states that deals with antitrust
issues) will be on the phone as they are working with the Feds on the
merger.  I think either one of you guys, with appropriate supervision, would
do a fine job.  Please let me and Mike know who gets the black bean and what
your general availability is and we'll get it set up.  Thanks. DF


Qiana 53979, booked 6/14/00


Yikes.....no I have tried to download it from CNN and it won't download. My
friend Ani just said jeremy Blackman is being pulled in now (WSJ this
morning). It's a witch hunt. Hell we know the things that were wrong. Is
destroying people's lives o help the Democrats in the fall elections the way
to go?

Where did you download your copy?


I assume you didn't see this because of the fire wall, so I'm resending.
---------------------- Forwarded by Mary Hain/HOU/ECT on 03/21/2001 09:51 PM
---------------------------
To: MICHELE FARRELL/ENRON@enronxgate @ ENRON
cc: Mary Hain/HOU/ECT@ECT, JAY DUDLEY/ENRON@enronxgate@ENRON
Subject: Re: Fwd: Re: Draft interconnection procedure

Jay--Couple notes:

FERC has stated in several orders what it considers "material changes".  You
may want to look at Duke and Consumers procedures to make sure you are Ok
with the interpretations.  Those are some of the orders that I would look to
should a utility try to kick an Enron project out of the queue for a change.

Also, per your comments on No. 16.  I agree with you on "commenced
construction."  What I mean by "commenced" includes the utility purchase of
easements, etc.  I just want to make sure that the Customer is not agreeing
to live with the FERC outcome, unless the Customer tells the utility to
proceed and agrees to be bound by FERC's decision and agrees to pay the
costs.  [[Customer may want to wait to proceed until it sees the FERC
decision.]]  Thanks.

From: MICHELE FARRELL/ENRON@enronxgate on 03/21/2001 10:33 AM
To: Christi L Nicolay/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT
cc: JAY DUDLEY/ENRON@enronxgate

Subject: Fwd: Re: Draft interconnection procedure

Please let me know if you have any feedback to Jay's suggested approach to the
Generation Interconnection Procedures section of the tariff.  I don't want to
file this until I hear that you are in agreement.

-----Original Message-----
Date:  03/18/2001  03:10 pm  (Sunday)
From:  JAY DUDLEY
To:  Christi Nicolay;  Mary Hain
CC:  James Steffes;  MICHELE FARRELL
Subject:  Re: Draft interconnection procedure

Mary, Christi.

Thanks for your good comments on the draft interconnection procedures.
Attached is a memo addressing your comments.

Michele Farrell will have the pen to make the changes and to supervise the
filing while I'm out this week.

Jay.

-----Original Message-----
Date:  03/16/2001  12:28 pm  (Friday)
From:  Jim Eden
To:  Dave Lamb;  Frank Afranji;  Jack Todd;  MICHELE FARRELL
CC:  Gary Lindland;  JAY DUDLEY
Subject:  Re: Comments on Interconnection Procedures

I agree with Dave.  I'd agrue for 120 if I thought I could get away with it.

>>> Dave Lamb 03/16/01 11:16AM >>>
Frankly, I am more comfortable with 90 days.  Its easier to complete a
project early and send out the info prior to the due date, then to have to go
back and ask for more time.  Depending on the size of the plant and location,
we may be faced with a lot of checking equipment records and field checks to
verify ratings.  I'll ask Gary Lindland how he feels about reducing the time
line.

>>> MICHELE FARRELL 03/16/01 11:02AM >>>
Any feedback on Enron's comments on our draft interconnection procedures that
Jay sent out last night?  Jay and I are trying to get the DC attorneys on the
phone to incorporate some changes.  In particular, Enron wants us to put in a
shorter time for completing the Interconnection Facilities study (60 rather
than 90 days).  Enron says we would still have the flexibility to take longer
if we notify the customer that we need more time.  How do Dave and Jim feel
about that proposal?


Supply deal 376962 gets booked out with sale deals 227882 and 372096.

Effective October 1st forward, deal 372048 gets booked out with 227882.

Supply deal 372088 gets booked out with sale deals 229344 and 229357.


I would prefer that you fix it.  Just come over when you are ready.

thanks

 -----Original Message-----
From: 	Price, Wade R.
Sent:	Monday, June 24, 2002 8:30 AM
To:	Germany, Chris; Barbe, Robin; Concannon, Ruth
Subject:	RE: CNR Questions

Looks like you are right about CNR Mar-02. You can fix them on the tab labeled CNRVol (or call me and I'll come do it real quick).

Processing charges are billed by CGAS and CNR (and Gatherco too).  They would be processed and paid by Volume Management.  Some of the extra $0.03 charges are billed by Mark West.

I'm working on the volume split files for Dec-01 Dominion. We can match it with the status/effective date file Robin is fixing.

Call you soon.

WRP

 -----Original Message-----
From: 	Germany, Chris
Sent:	Friday, June 21, 2002 4:54 PM
To:	Price, Wade R.
Subject:	CNR Questions

Quetion about March 2002, it looks like the volumes used in the Payment file are the gross volumes from the CNR volume file, not the net volumes.  Would you check on that please sir?

Thanks.


Suzanne:
There may be a few more parties that the letter will need to go out to.
Marie will find out tomorrow and will contact you.  If you have any questions
about any fax nos. or addresses, Mary Gosnell can help you.  Thanks for
helping out.
Carol


You guys may know this already.  This contract only has 1% fuel when you take
gas from Emporti to the VNG citygate.  k#65066, MDQ = 38,000

We can learn  more about this contract later.


I am booked all of this week.  Tuesday of next week might work if in the afternoon so I could fly in that morning.

Steve

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Monday, October 22, 2001 3:32 PM
To:	Thomas, Jake; Walton, Steve
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

It works for me.  Steve, would that be possible for you?

 -----Original Message-----
From: 	Thomas, Jake
Sent:	Monday, October 22, 2001 2:03 PM
To:	Whitt, Mark; Walton, Steve
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

I have already made plans for the 14th - How about later this weeks or early next. ?

Jake Thomas
503-464-3803

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Monday, October 22, 2001 12:36 PM
To:	Walton, Steve
Cc:	Thomas, Jake
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

I have to go to the management meeting in San Antonio on the afternoon of the 14th.  Would it be possible to meet in Denver on the morning of the 14th?

 -----Original Message-----
From: 	Walton, Steve
Sent:	Monday, October 22, 2001 10:24 AM
To:	Whitt, Mark; Kaufman, Paul; Calger, Christopher F.
Cc:	Tycholiz, Barry; Bump, Dan J.
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

Mark,

	I am committed to a meeting in Seattle with the Western Governors and the FERC on November 1 and 2 respectively.  The next meeting of the Wyoming Energy Commission is on November 12-13 in Evanston and a meeting in Spokane on the 15th, leaving the 14th open.  I know that is beyond your two week window, but it would be the best time for me.

Steve

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Friday, October 19, 2001 3:51 PM
To:	Walton, Steve; Kaufman, Paul; Calger, Christopher F.
Cc:	Tycholiz, Barry; Bump, Dan J.
Subject:	Buffalo Power Company LLC - Gas Turbine Power Plant Project

ENA and Crestone (Northern Border's non-regulated affiliate) met with a group of developers and Joe Meyer, Secretary of State in Wyoming, who have proposed to build a 200 MW power plant (expandable to 500 MW) in the Powder River basin of Wyoming.  Their "angle" is that the existing utility, Powder River Electric Coop, cannot meet the demand for electricity and the necessary distribution infrastructure to maintain the pace of development in the Coal Bed Methane BOOM that is happening in the basin.

As you may or may not know, Enron has been very involved in this Coal Bed Methane play since 1998.  ENA is the largest purchaser of 3rd party gas in the basin and Crestone is the largest non-producer gathering company in the basin.  Crestone has a gathering trunkline located near their proposed site.  The developers will be filing a petition to remove this area from the COOP's certificated territory in the next couple of weeks.

There are obviously regulatory issues revolving around their ability to gain access to this "retail" market and the project would not be economically feasible as a merchant plant in the wholesale market.  However, they seem to have some political backing.

These developers recognize that they need Enron's assistance in developing this project on three main fronts:

1.  Power Marketing and Project development
2.  Gas Supplies and Pipeline access
3.  Regulatory and Transmission expertise

Given the fact that Joe Meyer is the early favorite to be the next Wyoming Governor and we are trying to work well with the State of Wyoming, and we have a natural competitive advantage in this market from a gas supply and pipeline perspective, I would like to pursue this opportunity a little further.

Therefore, I am wondering if I could get a Sr. Commercial Power Representative and a Regulatory Representative (Steve Walton would be good since he will be on the Wyoming Energy Commission), to attend a meeting in Denver with myself and the Crestone representatives sometime in the next 2 weeks.

Please give me a call and I can elaborate on the opportunity or answer your questions.  I don't want to make this email a novel!

Thanks a lot.

303-575-6473


When you get a chance, would you path out deal 211642 please?  For Feb and
Mar?


can you fill this out for me?
----- Forwarded by Steven J Kean/NA/Enron on 03/02/2001 12:31 PM -----

	Tara Rafter
	03/02/2001 10:58 AM

		 To: Joe Allen/NA/Enron@Enron, Scott Bolton/Enron Communications@Enron
Communications, Stacey Bolton/NA/Enron@Enron, Roy Boston/HOU/EES@EES, Hap
Boyd/EWC/Enron@Enron, Jeff Brown/NA/Enron@Enron, Margaret
Carson/Corp/Enron@ENRON, Wiley Cauthen/GCO/Enron@ENRON, Carolyn
Cooney/Corp/Enron@ENRON, Shelley Corman/Enron@EnronXGate, Jeff
Dasovich/NA/Enron@Enron, Tom Delaney/Corp/Enron@ENRON, Linda
Fitzgerrell/GCO/Enron@ENRON, Howard Fromer/NA/Enron@Enron, Janel
Guerrero/Corp/Enron@Enron, Mary Hain/HOU/ECT@ECT, John
Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Hartsoe/Corp/Enron@ENRON,
Nancy Hetrick/NA/Enron@Enron, Jean Ryall/NA/Enron@ENRON, Robert
Hemstock/CAL/ECT@ECT, Alberto Levy/SA/Enron@Enron, Ron
McNamara/NA/Enron@Enron, Mike Roan/ENRON@enronXgate, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve Walton/HOU/ECT@ECT, Ricardo
Charvel/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Stella
Chan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vinio Floris/Corp/Enron@Enron, Xi
Xi/Enron Communications@Enron Communications, Tracy Cooper/Enron
Communications@Enron Communications, Dan Staines/HOU/ECT@ECT, Kathleen
Sullivan/NA/Enron@ENRON, Kerry Stroup/NA/Enron@Enron, Alan
Comnes/PDX/ECT@ECT, Marcie Milner/Corp/Enron@ENRON, Donna
Fulton/Corp/Enron@ENRON, Allison Navin/Corp/Enron@ENRON, Lora
Sullivan/Corp/Enron@ENRON, Stephen D Burns/Corp/Enron@ENRON, Tom
Briggs/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gloria
Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Patrick Keene/NA/Enron@Enron,
Robert Frank/NA/Enron@Enron, Joe Hillings/Corp/Enron@ENRON, Barbara A
Hueter/NA/Enron@Enron, Richard Ingersoll/HOU/ECT@ECT, Paul
Kaufman/PDX/ECT@ECT, Steven J Kean/NA/Enron@Enron, Jeffrey
Keeler/Corp/Enron@ENRON, Robin Kittel/NA/Enron@Enron, Susan M
Landwehr/NA/Enron@Enron, Donald Lassere/NA/Enron@Enron, Rochelle
Lessner/ENRON@enronxgate, Chris Long/Corp/Enron@ENRON, Dave
Mangskau/Corp/Enron@ENRON, Kathleen E Magruder/HOU/EES@EES, Susan J
Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Becky L
Merola/TNPC/EES@EES, FRED MILLER/ENRON@enronxgate, Mary Kay
Miller/ET&S/Enron@ENRON, Steve Montovano/NA/Enron@Enron, Bill
Moore/NA/Enron@Enron, Sue Nord/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT,
Lou L Pai/HOU/EES@EES, Sarah Novosel/Corp/Enron@ENRON, Christie
Patrick/HOU/ECT@ECT, Mona L Petrochko/NA/Enron@Enron, Scott
Reblitz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marchris
Robinson/NA/Enron@Enron, Thomas S Reichelderfer/DUB/EES@EES, Fred
Rimington/NPNG/Enron@ENRON, Frank Rishe/NA/Enron@Enron, Cynthia
Sandherr/Corp/Enron@ENRON, Gavin Russo/Corp/Enron@ENRON, Dave
Schafer/NA/Enron@ENRON, Richard Scarborough/Corp/Enron@Enron, Jeff
Skilling/Corp/Enron@ENRON, Lon Stanton/ET&S/Enron@ENRON, James D
Steffes/NA/Enron@Enron, Terence H Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Kathleen Wagner/NA/Enron@Enron, Susan
Worthen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Charles Yeung/HOU/ECT@ECT, Lisa
Yoho/NA/Enron@Enron
		 cc:
		 Subject: Lobbying Questionnaire Clarification

It has come to my attention that there has been some confusion regarding the
Lobbying Questionnaire that I sent out on Feb. 20, 2001 and which is due on
March 9, 2001.  Please note that it is NOT necessary to gather your expenses
attributable to your lobbying activities rather I just need an allocation of
your time/hours spent engaging in such activity during the year 2000.  I
apologize for any confusion.  Thank you - Tara Rafter


I am still using my home Nortel VPN access.

 -----Original Message-----
From: 	Grove, Chrissy
Sent:	Tuesday, November 13, 2001 8:58 AM
To:	Abshire, Scott; Adamik, Darren; Allen, Phillip K.; Arnold, John; Bhagat, Sanjay; Bosco, Eli; Buy, Rick; Cowley, Mark; Cramer, James; Frevert, Mark; Fricker, Charlene; Guadarrama, Michael; Huang, Xiaowu; Imam, Hasan; Jeganathan, Lenine; Jenson, Jarod; Kruleski, Mick; Lavorato, John; Lowry, Jennifer ; Lowry, Phil; Mazowita, Mike; Miller, Beverly; Patrick, Christie; Petzold, Brad; Ratliff, Dale; Tang, Mable; Tycholiz, Barry; Uribe, Carlos
Subject:	Home Nortel VPN use
Importance:	High

All:
Please verify if you still use your home Nortel VPN access.

Thank you,

Chrissy Grove
Network Security
 713.345.8269


The second phase of reconstruction on IH 45 between W. Dallas and Memorial
will begin Saturday, November 11, 2000, all northbound lanes will be closed
at 7 PM.  All northbound traffic will detour to US 59 North to IH-610 Loop.
Two northbound lanes will reopen Monday, November 13, 2000, at 5 AM.

  The Houston Avenue / Memorial Avenue exit and the entrance from Pease,
  St. Joseph's Parkway, and Walker  will be closed until further notice.
Anyone
  typically using these routes must find an alternate route.

The following routes are recommended by the Texas Department of Transportation

New Ramp Chartres at Runnels to IH 10 West

Louisiana North to IH 10 West on ramp

Allen Parkway to Studemont or Waugh to IH 10

West Gray to Montrose North (Studemont) to IH 10

Bagby (W. Dallas) to Montrose North (Studemont) to IH 10

San Jacinto to IH 10 East

North on main to IH 45

Travis to IH 45

The Downtown District is updating it's web site with detailed road closure
maps and suggested alternate routes.  This information is available at
http://www.downtownstreets.com. Please check this site regularly for updates
on street closures.


Please refrain from running reports on the EnronOnline databases between 7 am
- 2 pm CST / 1pm - 8pm GMT, which is our peak usage period.

These reports slow down EnronOnline trading.

We will have a solution to this problem within the next few weeks, but in the
meantime, we appreciate your cooperation with the above.

Thanks,

Dave


No ancillary schedules awarded.  Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> H:\Netco Finals\HA0116 Finals_Load.txt

---- Load Schedule ----
$$$ Variance found in table LOAD_SCHEDULE.
     Details: (Hour: 1 / Preferred: 2 / Final: 1.5)
  TRANS_TYPE: FINAL
  MKT_TYPE: HA
  FROM_LOCATION_ID: PGE1


Imelda,

Could you please re-map HPL meter #0073 to the IF-HPL/Shpchan mid market
curve.  Please keep all other mappings for this zone and point the same.

Thanks,

Eric
x3-0977


(See attached file: hpl0929.xls)

 - hpl0929.xls


Vasant,

It seems we have to help them. Can Kate help
on this project?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/23/2001
09:28 AM ---------------------------

Nelson Neale@ENRON
04/20/2001 10:29 AM
To: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/Enron@EnronXGate
cc:
Subject: Petrochem Desk

I had a chance to speak with Christian LeBroc this morning with regard to
curve building for petrochemicals.  As it turns out, Christian left RAC in
April and joined the Petrochem Desk as a trader.  Previous efforts at
construction of a forward curve by the group have focused on intuition or
SWAGs.  Unfortunately, the group had a rough P&L year with at least some of
the blame directed toward the forward curve or lack thereof.  When asked
about the fundamentals group, Christian indicated that they'd only been
around about 3-4 months and are not yet well-suited to curve building.  John
Nowlan is indeed the head of the group.

From a timing perspective, I told Christian that it would probably take at
least 6-8 weeks to develop a curve, especially considering the need to
understand the key market drivers/fundamentals.  As was suggested yesterday
during our meeting, a strong relationship between petrochemicals and a NYMEX
component (e.g., crude oil) would provide a great beginning point--we could
then potentially strengthen/augment  this relationship with other key factors
(e.g., supply and demand terms) borne out of our market research.

Nelson


---------------------- Forwarded by Kay Mann/Corp/Enron on 10/19/2000 03:10
PM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           10/19/2000 03:09 PM

To: Kathleen Clark/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Change order #2, PSCO

Chris Calger will sign for ENA on #2.  I believe his title is a vice
president. Dale Rasmussen has offered to handle signature. I haven't gone
through all my emails to see if it is ready to go.

Janet will sign #3 and #4.

Kay

To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Change order #2, PSCO

Kay:

Is Rev 8 ready to be signed?

If so, who will sign it for ENA?

Please let me know if I should be taking care of the signing.

Thanks.
Kathy