Cheryl,  We will handle the name change for ECT to ENA on the P-5 form.

Mary,  When you get a chance, come be and let's talk about what need to be
done.

Cheryl D King
09/02/99 01:49 PM
To: Gerald Nemec/HOU/ECT@ECT
cc: Connie Sutton/HOU/ECT@ECT
Subject: Re: ECT TO ENRON NORTH AMERICA NAME CHANGE

FYI:

The HPLR to HLPC change isn't a name change.  It is just numerous assignments
from HPLR to HLPC.  From what I've been told, HPLR is still a good company
for now.

As far an an effective date, the actual name change from ECT to ENA is
effective 9/1/99, but since we don't already have our paperwork into the RRC
requesting the automatic P-4 change, the RRC will make it effective 10/1/99,
provided we have all of our paperwork into them before then.

The date of most of the assignments from HPLR to HPLC (some via ECT first) is
7/1/99.  But, again, as far as the P-4 changes are concerned, the RRC will
make them effective 10/1/99, since they don't backdate automatic changes.

I spoke to Kathy Way at the RRC again this morning.  She said that the
letters are fine from their perspective.  I just need to get the appropriate
signatures & mail them to her.

But, they can't do anything with the ECT to ENA changes until ENA has a valid
P-5 number.

QUESTION:  Will your office be doing the paperwork to get a P-5 number for
ENA?  Please let me know.  Thanks.

	Enron Capital & Trade Resources Corp.

	From:  Gerald Nemec                           09/02/99 11:14 AM

To: Connie Sutton/HOU/ECT@ECT, Cheryl D King/HOU/ECT@ECT
cc:
Subject: Re: ECT TO ENRON NORTH AMERICA NAME CHANGE

I am not sure if these letter were sent out yet or not.  My only comment
would be to add an effective date of the name change from HPLR to HPLC and
ECT to ENA.   The latter is effective Sept.1, 1999.   If you have any
questions, please contact me a x33512.
---------------------- Forwarded by Gerald Nemec/HOU/ECT on 09/02/99 11:12 AM
---------------------------

Shari Stack
09/01/99 12:34 PM
To: Gerald Nemec/HOU/ECT@ECT
cc: Connie Sutton/HOU/ECT@ECT
Subject: Re: ECT TO ENRON NORTH AMERICA NAME CHANGE

Attached are some letters that Cheryl King from HPL has prepared. I think it
would be more appropriate for you ( or someone from your group) to OK these
as from reading the email, I gather that you do the legal work for HPL.

Can I leave it with you to get with Cheryl King?

Many thanks,

Shari

---------------------- Forwarded by Shari Stack/HOU/ECT on 09/01/99 12:30 PM
---------------------------

Connie Sutton
09/01/99 10:49 AM
To: Shari Stack/HOU/ECT@ECT
cc:
Subject: Re: ECT TO ENRON NORTH AMERICA NAME CHANGE

I am forwarding this information to you because I do not know if Legal has
reviewed her letters prior to sending them.
---------------------- Forwarded by Connie Sutton/HOU/ECT on 09/01/99 10:48
AM ---------------------------

Cheryl D King
09/01/99 10:43 AM
To: Connie Sutton/HOU/ECT@ECT
cc:
Subject: Re: ECT TO ENRON NORTH AMERICA NAME CHANGE

Here they are.  I will probably hear from Kathy later today as to whether or
not they need any changes.

Since HPL Resources & Houston Pipe Line have several RRC System Numbers, the
2nd attachment is the exhibit that goes with the 1st letter.  But, ECT only
has one RRC System Number since they don't own any pipe, so that letter
doesn't need an attachment.

Connie Sutton
09/01/99 10:37 AM
To: Cheryl D King/HOU/ECT@ECT
cc:
Subject: Re: ECT TO ENRON NORTH AMERICA NAME CHANGE

Can you please send me a copy of the letters you sent to the RRC?

Cheryl D King
09/01/99 08:54 AM
To: Connie Sutton/HOU/ECT@ECT
cc:
Subject: Re: ECT TO ENRON NORTH AMERICA NAME CHANGE

Connie,

I just wanted to let you know that since I was already working with the
Railroad Commission (RRC) to get HPL Resources Company automatically replaced
with Houston Pipe Line Company as purchaser on the P-4's, I went ahead &
drafted a letter to do the same for the change from ECT to Enron North
America Corp.  I faxed both letters to Kathy Way at the RRC, who is
responsible for all automatic P-4 changes.  She will let me know if the
letters look okay.  If so, I will need to get the appropriate officers to
sign them & send them to her at the RRC.  Since she only does this at the
beginning of the month & doesn't backdate the effective date, the change will
be effective 10/1/99, assuming we have a P-5 in place for Enron North America
Corp. before then.

The current P-5's are filed thru Gerald Nemec's office.  Will they be filing
for this new one?  If not, do you want me to pursue this?  Please let me know
so that we can get this completed in a timely manner.

Thanks.

Cheryl King     -     EB3765     -     x-36982


Bob:

We are working on an e-signature "protocol" and wondered if ISDA wanted to
take the lead in this matter?  Let me know.

Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 06/29/2000 03:39 PM -----

	Alan Aronowitz
	06/27/2000 05:31 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: E-Signature Protocol

Mark:

Pursuant to our discussion last week, below is a rough draft of a proposal
for an electronic signature protocol, which could be presented to ISDA for
further consideration and discussion after we have further discussed:

E-Signature Protocol

Objective: In light of the enactment of the US federal legislation on
electronic signatures (effective as of 10/1/00), a simple, reliable, and
enforceable protocol should be established to facilitate the electronic
execution of Master Agreements (and confirmations where required).  To
facilitate the wider use of electronic contracts, this protocol could be
endorsed by ISDA. Hopefully, it would become a standard that others would use
for all types of contracts. Perhaps, if necessary or helpful, the adoption of
the protocol could be done electronically by each party unilaterally agreeing
to abide by it, possibly using the same type of approach ISDA used in
connection with the introduction of the EMU currency a few years ago.
Initially, the protocol would be primarily applicable to U.S. counterparties,
but it could be expanded to non-U.S. counterparties as e-signature laws like
the new U.S. law are enacted across the globe.

Basic Protocol:  By adopting the protocol, each counterparty would agree that
the relevant agreement may be electronically signed by complying with the
following steps:

1) The parties negotiate and agree on a final form the relevant agreement,
and appoint one of the parties ("First Party") to prepare the document for
electronic signature;

2) The First Party prepares the final form in the PDF format (e.g., the body
of the text could not be modified) with the exception of the blank signature
blocks for each party to be placed on the last page of the agreement;

3) An authorized signatory of the First Party electronically signs the
agreement (Note: this electronic signature could be accomplished by
inscribing an electronic handwritten signature or the signatory typing in
his/her name and title in the blank signature block);

4) The agreement, as electronically signed by the First Party, is sent via
electronic means (e.g., by e-mail) by the First Party to the other party
("Second Party");

5) An authorized signatory of the Second Party  electronically signs the
agreement (Note: this electronic signature could be accomplished by
impressing an electronic handwritten signature or the signatory typing in
his/her name and title in the signature block);

6) The agreement, as electronically signed by the Second Party, is sent via
electronic means (e.g., by e-mail) by the Second Party to the First Party,
accordingly, creating the fully executed agreement; and

7) Each party would be responsible for maintaining in its own electronic
archives the agreement as electronically signed by the parties.

Also, the following could be considered: (a) adding to the protocol that each
party,by adopting the protocol, agrees to be bound by any agreement entered
into by means of the protocol, and any other appropriate language to enhance
the enforceability of the "e-signature" process and (b) adding to the
preprinted form of the Master Agreement, a provision whereby each party
adopts the electronic signature protocol endorsed by ISDA as in effect from
time to time.

Mark, I would be happy to discuss this draft proposal with you further at
your convenience.

Regards, Alan


Start Date: 4/5/01; HourAhead hour: 19;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040519.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 19 / Preferred:  12.00 / Final:  12.03)
  TRANS_TYPE: FINAL
  SC_ID: Wheelabrat
  MKT_TYPE: 2
  TRANS_DATE: 4/5/01
  UNIT_ID: MARTEL_2_AMFOR


Shelley, I wanted to see if I could get the PAA in for Ava.  I think she did a very good job on the
	Transwestern meeting and I would like to recognize her for that.  If you approve, then I will
	send to Fran to fill out the appropriate information.  Thanks. Lynn


Diane:  Thanks.  Please don't send until I hear back from everyone (including
Chris Sherman).  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Diane Anderson@ENRON
	05/29/2001 08:40 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: KCS - VC0917 & VC09

---------------------- Forwarded by Diane Anderson/NA/Enron on 05/29/2001
08:40 AM ---------------------------

	Enron North America Corp.

	From:  Diane Anderson                           05/25/2001 04:07 PM

To: Tanya Rohauer/Enron@EnronXGate, Derek Bailey/Enron@EnronXGate
cc:

Subject: KCS - VC0917 & VC09

Attached please see for your review the KCS confirms with the additional
provision provided by Sara Shackelton:

-Diane


Ehud,

Please, give me a call when you land on my regular and cell phone.
I shall proceed to the restaurant (about 10 minutes from the office).

Cell: 713 410 5396

Office: 713 853 3848

Please, keep the copies of all the receipts.

Vince


Currently, (for the East) Thane takes the summaries of Northeast
orders/filings and sends them to the traders/originators/reg folks, etc.  I
look at the rest of the East info and send it/take it to the appropriate
trader/originator/developer/reg person (EPMI and EES).  I also alert someone
in our group if I think that we need to intervene/protest/participate.

What I will start doing to make sure the loop is complete is to email the
report to Joe, Mary, Jim, Rick and Sarah with my comments on what I have done
(for example, alerted traders/developers to issues, alerted state reg. people
to retail filings, etc.) and whether I think EPMI or EES need to get involved
in any of the cases.

Thanks. C.

From: James D Steffes@ENRON on 03/15/2001 07:11 AM
To: Joe Hartsoe/Corp/Enron@ENRON, Christi L Nicolay/HOU/ECT@ECT, Mary
Hain/HOU/ECT@ECT
cc: Richard Shapiro/NA/Enron@Enron

Subject: Weekly Electric FERC Report

Joe, Christi, & Mary --

Do you think that it makes sense for the four of us to sit down with this
report the day after it comes out and discuss (1) Enron's perspective, (2)
should/are we participating, and (3) key commercial / regulatory that need
the information?

I am trying to make sure that everything is covered appropriately and maybe
this is the right format - unless you guys can think of something else?

Jim

----- Forwarded by James D Steffes/NA/Enron on 03/15/2001 07:09 AM -----

	Janet Butler/ENRON@enronXgate
	03/14/2001 05:02 PM

		 To: Daniel Allegretti/NA/Enron@Enron, Eric Benson/NA/Enron@ENRON, James
Brown/ENRON@enronxgate, Alan Comnes/PDX/ECT@ECT, Shelley
Corman/ENRON@enronXgate, Tom Delaney/Corp/Enron@ENRON, John
Dushinske/ENRON@enronXgate, Robert Frank/NA/Enron@Enron, Howard
Fromer/NA/Enron@Enron, Donna Fulton/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT,
Joe Hartsoe/Corp/Enron@ENRON, Rod Hayslett/ENRON@enronXgate, Tom
Hoatson/NA/Enron@Enron, Richard Ingersoll/HOU/ECT@ECT, Paul
Kaufman/PDX/ECT@ECT, Steven J Kean/NA/Enron@Enron, Kerry Stroup
<Kerry.Stroup@enron.com>@SMTP@enronXgate, Robin Kittel/NA/Enron@Enron,
Elizabeth Linnell/NA/Enron@Enron, Kathleen E Magruder/HOU/EES@EES, Susan J
Mara/NA/Enron@ENRON, Posey Martinez/HOU/ECT@ECT, Ron McNamara/NA/Enron@Enron,
Janine Migden/NA/Enron@Enron, Marcie Milner/Corp/Enron@ENRON, Steve
Montovano/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Dan
Staines/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Kerry
Stroup/NA/Enron@Enron, Edith Terry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Denis
Tu/FGT/Enron@ENRON, Thane Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Weekly Electric FERC Report

Attached is the Weekly Electric FERC Report for week ending March 9, 2001.

Please advise if you have trouble receiving this.


Forwarded at request of Joe Hillings:

Please find attached the final CSI letter sent to President Clinton on
the WTO services negotiations. Thank you for your comments and
contributions to the letter.

Best regards,
Liesyl

--
**********************************
Liesyl I. Franz
Director
Coalition of Service Industries
805 15th Street, NW, Suite 1110
Washington, DC 20005
Tel: 202-289-7460
Fax: 202-775-1726
E-mail: franz@uscsi.org
http://www.uscsi.org

Visit http://www.worldservicescongress.com for recommendations and
proceedings from the World Services Congress in Atlanta, GA November
1-3.

 - Ltr-Clinton-Svcs negs 2000.doc


Please have Gary review this message.
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 09/17/99 05:18
PM ---------------------------
From: Bruce Harris@ENRON_DEVELOPMENT on 09/17/99 04:31 PM
To: Gary Hickerson/HOU/ECT@ECT, Joe
Kishkill/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Harry Arora/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Kaye
Ellis/HOU/ECT@ECT, Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert H
George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pushkar Shahi/HOU/ECT@ECT
Subject: Re: Products for Trading in Brazil.

Gary and Joe,

We should probably have a conference call sometime next week to discuss how
we want to proceed on the financial derivatives/trading side.  I have  a
number of concerns which I share here.

First, we do not have a tax-efficient entity in which to trade.  If we set up
a Brazilian limitada solely for the purpose of trading, and we lose money, we
will generate Brazil tax credits.  Enron already has at least $25M of these
credits and I think we want to try to limit the possibility of generating
additional credits going forward.  In addition, there is a possibility that
Enron Corp. may begin limiting the utilization of these credits, so one might
end up with minimal tax benefit if there was a loss (creating an asymetrical
trading payoff).  I was hoping we could trade out of Elektro, but Lynn
informs me that any gains in Elektro will be subject to both US and Brazil
taxation.

Second, to the extent that we do take tax risk in a limitada, we still need
to fund (and possibly) guarantee the limitada.  Currently, the only way to
fund the limitada without being exposed to a whole host of tax/FX issues is
through equity.  However, equity is difficult to repatriate (it would be
repatriated probably only as far as Cayman for tax reasons) and we are
subject to convertibility risk.  In addition, earnings in the company could
most likely only be repatriated via shareholder loans (dividends would be
subject to US tax), meaning that the cash would have to come back into Brazil
when the loan expired (and then it would be sent back out if there was no
convertibility event).

Third, trading stocks on the Bovespa may create Chinese Wall issues with
regards to our ongoing M&A and Financing activities.  In all likelihood, one
would be trading energy/telecom stocks.  Those companies are also the ones
with which the ESA origination teams are trying to do business.  We might be
able to create a Chinese Wall, but given the size of the ESA office (not big)
and the limited scope of our intended trading operation, we have to consider
whether it is worth potnetially limiting those core activities to spec. trade
(or consider what cost would be incurred to ceate a Chinese Wall).

The other two products--money markets and futures--can be traded (albeit in a
more limited fashion) offshore.   Because money market instruments can't be
shorted locally, they are really just passive investment vehicles (like a
bank CD) off of which one trades the interest rate via swaps.  That is, you
are shortening or lengthening your investment horizon based on one's
expectation of rates and continually earning either a higher or lower carry
than market.  Most of this type of trading can be done offshore through
credit-linked notes (including R$ CDI, R$ prefixed and USD fixed) and
short-term Brazil Bradys.  Currency futures of course can be traded via NDFs.

In sum, I think we need to better define the type of trades we will do and
where we are going to do those trades.  My hope is that we can define a
couple of products/ideas we want to implement now and then figure out in
which entity to house that activity.

I will try to set up a conference call for next week on this topic.

Regards,  Bruce

Sara Shackleton@ECT
09/17/99 11:39 AM
Sent by: Kaye Ellis@ECT
To: Harry Arora/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT, Bruce
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gary Hickerson/HOU/ECT@ECT, Joe
Kishkill/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Kaye Ellis/HOU/ECT@ECT

Subject: Products for Trading in Brazil.

Please review the attached memo to verify that I have identified all of the
products that you are interested in trading in Brazil.  I will be in Sao
Paulo on Monday, September 20, 1999.

Thank you,
Sara


Employee Name: Mark Whitt
Report Name:   MW100901
Report Date:   10/9/01
Report ID:     3C4E4301BCE311D59285
Submitted On:  10/10/01

You are only allowed 2 reports with receipts outstanding.  Your expense reports will not be paid until you meet this requirement.


We expect that the lawyer who will take Frevert's deposition will be Steven
Smith with O'Melveny & Myers out of San Francisco.  His biographical
information can be found at
http://www.omm.com/navigate.asp?nodeHandle=31&idContent=2024

I will bring you a hard copy when we meet at 1:30 p.m.

Andy


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/23/2001
04:46 PM ---------------------------
From: Iris Mack/ENRON@enronXgate on 03/22/2001 12:50 PM
To: Anita DuPont/NA/Enron@ENRON, Vince J Kaminski/HOU/ECT@ECT, Stinson
Gibner/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT, Vasant
Shanbhogue/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Sandeep
Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph Hrgovcic/ENRON@enronXgate,
Tanya Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Maureen
Raymond/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo
Issler/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON, Alex
Huang/Corp/Enron@ENRON, Kevin G Moore/HOU/ECT@ECT, William
Smith/Corp/Enron@Enron, Jose Marquez/Corp/Enron@ENRON, Chonawee
Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Tom
Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Sevil
Yaman/Corp/Enron@Enron, Sofya Tamarchenko/NA/Enron@Enron, Bob
Lee/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT,
Shirley Crenshaw/HOU/ECT@ECT, Youyi Feng/NA/Enron@Enron, Praveen
Mellacheruvu/HOU/EES@EES, Stephen Bennett/NA/Enron@ENRON, Roman
Zadorozhny/HOU/EES@EES, Lance Cunningham/NA/Enron@ENRON, Leann
Walton/NA/Enron@ENRON, Shane Green/HOU/EES@EES, Seksan
Kiatsupaibul/HOU/EES@EES, Kate Lucas/HOU/ECT@ECT, Nelson
Neale/NA/Enron@Enron, Rabi De/NA/Enron@ENRON, Kenneth
Parkhill/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON, Jason
Sokolov/HOU/ECT@ECT, Steve Bigalow/NA/Enron@Enron, Tom
Barkley/NA/Enron@Enron, Rakesh Bharati/NA/Enron@Enron,
wnarongw@enron.com@SMTP@enronXgate, Mitra Mujica/NA/Enron@ENRON, Anguel
Grigorov/HOU/EES@EES, Kenneth Deng/HOU/EES@EES, Dayne Zimmerman/HOU/EES@EES
cc:
Subject: RE: FYI - Financial Numerical Recipes in C++

  Hi,

     I already sent a copy of this to some of you.

    If any one else is interested, attached is a file which contains
Financial Numerical Recipes in C++.

Happy Reading,
Iris Mack


Jeff, I wish you would have cleared this through me first due to the
implications in India. Keep me in the loop on all further announcements. JOe

Jeffrey Sherrick@ENRON
10/13/2000 03:26 PM
To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff Baxter/HOU/ECT@ECT
cc:
Subject: EGEP Sale Announcement

Ken, Jeff , Joe & Cliff,

This is a copy a note I sent to PR(Steve Kean & John Ambler), IR(Mark Koenig)
and Enron India(Sanjay Bhatnagar & Jimmy Mogal) regarding our internal
announcement to  EGEP/EOGIL employees in Houston and India on October 13,
2000.

On Friday (last night Houston time) we announced to employees Enron's
decision to sell Enron Oil & Gas India Ltd. (EOGIL), our subsidiary that owns
a 30% interest in the Panna, Mukta and Tapti concession areas.    We now have
bankers involved and a data room is being prepared in Houston which  made it
extremely difficult to keep the deal quiet any longer.  There were numerous
rumors circulating through the office, but the reality of the announcement
was still a shock to most of the employees in India and Houston. Basically we
said the following:
 1) Selling assets or companies is a routine part of Enron's strategy to
redeploy capital in the higher return opportunities.  The company has
exposure to a number of tremendous opportunities today that were not
envisioned even twelve months ago.  In line with this strategy, we are
placing EOGIL in the market.
 2) Depending on the success of finding an acceptable buyer for EOGIL,  we
will be reviewing the balance of our portfolio for transfer to other Enron
entities or for sale as separate packages.  We anticipate closing the EOGIL
transaction and rationalizing the remaining portfolio by March 31, 2001.
 3) Pending the success outlined in item #2, we will eliminate Enron Global
E&P as an Enron business unit on March 31, 2001.
 4) We announced some interim staff changes to facilitate the process.
  a) Jeff Sherrick would re-focus his time largely on the sale process
  b) Mike Stewart will be responsible for all India activity except the sale
process
  c) Steve Harper will be responsible for EGEP's sale activity and
coordination with our bankers and Corporate Development
 5) Commented on the potential impact to employees in general terms.  We told
them it was pre-mature to outline all of the possibilities until we signed a
PSA with a buyer.  However, in general, there is a good likelihood that many
people will either have opportunities for future employment with the buyers
or through redeployment within Enron.  Those people that do not remain with
the assets or are not redeployed in Enron will be involuntarily terminated
March 31, 2001 unless they are needed to close a transaction or to provide
transition services to a buyer.

I would like to keep this as low-keyed as possible.  Last year when we were
for sale there were not a lot of comments, but you never know.  If anyone in
the media picks up on this I would expect it to happen early next week.  Mike
Stewart is currently in India in the Mumbai office (01191228395841) and can
be reached at the Mariott after-hours(01191228577878).  He is fully briefed
on our position regarding the activities within EGEP and EOGIL.  Mike will be
traveling offshore and to Baroda over the weekend and on Monday.  I will be
available all weekend and next week at the following numbers; (work)
713-853-5934, (home) 281-320-2198, (cell) 713-569-4713.  I would suggest
talking with Mike or I before making any comments to the media if possible.

This afternoon I notified our partners and the Gov't of India of our
intention to market our assets.  I will be making a trip to India soon to
visit with the appropriate people in these organizations within the next two
weeks.  While I wouldn't expect this to happen, please refer any inquiries
from our partners (ONGC and Reliance) or the GOI to Mike or me.  As you might
expect, we want to be careful and consistent in our message to these
groups.

I will keep you informed regarding any changes to the above.  If you have any
questions, contact me at the above numbers.

jeff


?
University of Missouri Seeks To Buy/Sell Power
Seeks to buy approximately 50,000 MWH during non-summer months from
6.01.01-5.31.02
Seeks to sell up to 15 MW from surpluses as market conditions and internal
requirements warrant

To view RFP, and for further details, please download
www.pmaconference.com/MURFP.pdf

Responses and Expressions of Interest Requested by May 4, 2001
The University is seeking to have a contract ready for consideration for
approval by its Board of Curators on May 24-25 2001.

Power Requirements

The University of Missouri, Columbia Campus, ("MU") requests proposals to
purchase approximately 50,000 MWH of interruptible power during non-summer
months, with potential hourly purchases of up to 15 MW in certain hours, and
potential additional purchases during summer months, commencing June 1, 2001
and continuing through May 31, 2002. MU is seeking power with specified
interruptibility during the non-summer months, with scheduling of power
during summer months on a week-to-week basis only as economic for the
prospective supplier ("Supplier") and for MU.

Also included in this request for proposals is a Pro Forma Contract
("Contract"). MU's specific requirements appear in Exhibit A of the Contract.

The Contract may be used by prospective suppliers in their offers, however,
MU is willing to enter tariff-based agreements with suppliers which have such
agreements on file at the FERC. In such case, the Pro Forma Contract should
still be reviewed, as MU may require tariffs be amended to conform to
Contract criteria either directly or through appended transaction documents.

Delivery will be to the City of Columbia Water and Light Department (the
"City"). MU has an agreement with the City for transmission to MU.

Power Sales

During the term of this Agreement, Electricity Supplier shall have the option
of purchasing electricity from MU for purposes of resale during periods in
which MU does not require the electricity for its own use.? Such electricity
shall originate from MU's on-site facilities, which are qualifying
cogeneration facilities under the Public Utilities Regulatory Policy Act of
1978.? Such electricity shall be subject to the operation of MU's gas-fired
facilities.

(a) Availability:? From MU's generation, in quantities up to 15 MW.
(b) Notice:? A minimum of six hours' notice for periods of time at least 6
hours in duration .
(c) Pricing of Saleback Service: Pricing of electricity under Saleback
Service shall be calculated as equal to "80% of profit" plus "cost" where

"Profit" equals
(1) the price paid to Electricity Supplier for electricity, less the sum of?
(2) transmission costs incurred by Electricity Supplier plus the actual price
of natural gas (in BTUs) delivered to the MU power plant (burner tip)
multiplied by 20,000 for each kWh provided by MU under this Paragraph.?
"Cost" equals the actual price of natural gas (in BTUs) delivered to the MU
power plant (burner tip) multiplied by 20,000 for each kWh provided by MU
under this Paragraph.

To view RFP, and for further details, please download
www.pmaconference.com/MURFP.pdf


During the quarterly conference call with SoCal in which we discuss PCB costs
on the SoCal system, for which Transwesten is 86% responsible, Ralph Komai,
SoCal's PCB person provded some addtional information with respect to what is
going on with the PCB activities on the SoCal system.  As a result of the
PG&E press release, SoCal management directed additional sampling to be done
at their interconnect with Transwestern and downstream of this interconnect.
Ralph reported that a number of liquid samples came back at around 7 ppm,
however one sample at their Kelso Station, near Barstow,  came back at 77
ppm.

Ralph had indicated that there has been an increase in the PCB's coming into
their collection locations in the Needles area as evidenced by the following:

 Based upon 1997 data, almost no liquids greater than 50 ppm were revcovered

 Data collected in 1998 showed that approx. 8% of the liquids were greater
than 50 ppm

 Data collected in 1999 showed that approx. 9% of the liquids were greater
than 50 ppm

Based upon this, Ralph had stated that SoCal would be collecting additional
sampling information and possibly entering into an internal montoring
program, somewhat like PG&E is currently doing now.

I had informed Ralph that our Needles M/S facility had seen almost no liquids
in the last 5 years, other than a recent accumulation of a one time pigging
in early 2000 when a small volume of liquids (less than 55 gallons) had been
collected.   We discussed that the accumulations seen on the SoCal system
were probably from existing liquids on their system which had collected in
low points in their pipeline and were moving downstream due to the increased
flows from TW into SoCal.

Ralph gave the impression that there were no immediate management tensions
resulting from the recent "hits".  He just indicated that they would be
watching their system and sampling at a more frequent basis.


will do.  What's the pups name?

Alma Martinez@ENRON
12/27/2000 11:38 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

I'm leaving at noon.  Can you bring the book tomorrow?


Sheung and Ketan,
Anthony Capelango was supposed to give Sara an account number this
afternoon.  We are still awaiting it so we can trade compare the position
with the lead underwriter and fund the account.

We will have all documentation to MS tomorrow and are awaitng some signatures
from India.
Thanks. Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 06/13/2000 06:29
PM ---------------------------

	From:  Sheila Glover                           06/13/2000 02:24 PM

To: sheung.tam@ms.com
cc: Laurel Adams/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT
Subject: Enron India LLC (Delaware Company)

Sheung,
Sara is working with Anthony Capelango, MS, to get this account open.  We are
expecting an account number this afternoon.  I will send the number to you
when I hear from Anthony.

The IPO is being priced today and we should know how many shares we got
tomorrow.
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 06/13/2000 02:19
PM ---------------------------

	From:  Sheila Glover                           06/08/2000 12:43 PM

To: sheung.tam@ms.com
cc: Sara Shackleton/HOU/ECT@ECT, John Greene/HOU/ECT@ECT, Theresa T
Brogan/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT
Subject: Enron India LLC (Delaware Company)

Sheung,
We will be opening an account at Morgan Stanley for Enron India LLC (a
Delaware Company).  They expect to participate in an IPO on June 13th for
Nasdaq shares.
Sara will be forwarding the documentation to you.
Sheila


Please find attached Credit's EOL responses for 1/4/00.

Regards
Molly


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Talked to Bill Reed.  In his comments, he will say:

FERC should be more prescriptive.  Can't wait for a new board, made of new
people, to act.  FERC needs to be more assertive--I told him we're all for
leadership from FERC.
They will strongly support the end of the buy-sell requirement and express
concern about the CPUC's micromanagement of utility purchases--I told him
we'd have a similar message on that issue.
FERC should "PJM" the California market--I told him we would differ
significantly on that issue, i.e., PJM-ing generaly, and "merging" the PX and
the ISO.
He said his comments on "refunds" would be "narrow" and would point out that
the FERC staff report says there is evidence of specific "bad actors" and
that those bad actors should be required to give refunds--I told him that our
position hasn't changed on retroactive ratemaking.
I explained our position on getting more information to the market sooner.
He said that it sounds like a good idea.
I told him about our message on price caps.  He said that he would stress
that price caps ought to be a temporary "fix," and should be removed just as
soon as the market is "functional."

Steve: I told him he should search you out prior to the start of the panel
tomorrow and talk more.

Best,
Jeff

Best,
Jeff


Sue -- the MRW preliminary WIP for August is about $1.6K, which is
associated with gas data work for Jeff.

Bob


-----Original Message-----
From:  Rorschach, Reagan
Sent: Saturday, April 28, 2001 12:28 PM
To: 'kay.mann@worldnet.att.net'
Subject: RCR Changes and Suggestions


Joe,

Attached is the termination revised w/Mary's changes.  Give me a call about
one change.

	Larry Joe Hunter
	09/13/2000 04:52 PM

		 To: Tana Jones/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Susan
Bailey/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron
		 cc:
		 Subject: Trade NY9319

Susan,

For this Termination and Payment.  Can you please use the attached and adjust
it accordingly (Sept. payment delay)?

Thanks,
Joe

---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 09/13/2000
04:49 PM ---------------------------

Brant Reves
09/13/2000 08:14 AM
To: Susan Bailey/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron, Stephanie Panus/NA/Enron@Enron
cc: Larry Joe Hunter/HOU/ECT@ECT
Subject: Trade NY9319

I believe I forgot to include the name of this customer, which is Central
Resources, Inc.

---------------------- Forwarded by Brant Reves/HOU/ECT on 09/13/2000 08:13
AM ---------------------------

Brant Reves
09/12/2000 06:39 PM
To: Susan Bailey/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron, Stephanie Panus/NA/Enron@Enron
cc: William S Bradford/HOU/ECT@ECT
Subject: Trade NY9319

Everyone,

The current value of existing fmtm is ($3.2MM).  Fred and this customer have
had a falling out and the customer has decided to unwind his position and
take his business elsewhere.  Because of this, an opposite trade was entered
into that exactly reciprocated like terms.  This trade has not yet been
confirmed and is currently pending credit.  As a cost of agreeing to do this,
the customer was to provide $5.25/bbl on the remaining 92,000 barrels.  This
amount totals $483,000 which, in the normal course of doing business, is owed
and due as of tommorrow, September 13.  Fred and his customer, while I was
listening on a taped line, agreed to structure settlement of trade NY9319 as
such:

Amounts to be paid;

$483,000 Premium Payment Owed and Due
$192,375 Amount ENA owes this customer for Sept financial settlement - being
withheld and netted against the $483M
$290,625 net amount to be financed until final payment is made on September
30.
$1,353  amount of interest on the principal, using interest rate of 10%, 17
days of tenor
$291,978 exact amount to be paid on September 30

Please structure the above referenced terms into appropriate language for the
confirmation of trade NY9319 and provide such language to the confirmation
desk.

Original deal done March 3, 2000:  NB4261

ENA Long Call 28.30  1,000/bbls/d Oct-Dec'00
ENA Short Put 22.50  1,000/bbls/d Oct-Dec'00
ENA Long Put 18.50  1,000/bbls/d Oct-Dec'00

New deal done September 11, 2000:  NY9319

Customer Long Call 28.30   1,000/bbls/d Oct-Dec'00
Customer Short Put 22.50  1,000/bbls/d Oct-Dec'00
Customer Long Put 18.50  1,000/bbls/d Oct-Dec'00

Let me know if I can be of any further assistance.

Thanks
Brant


FYI,
Attached document is a specification of the network design optimization
program. Just in case you want to see how it looks like.
-Chonawee

---------------------- Forwarded by Chonawee Supatgiat/Corp/Enron on
06/19/2000 02:55 PM ---------------------------

Chonawee Supatgiat
06/19/2000 02:34 PM
To: Phil Markwart/Enron Communications@Enron Communications
cc: samer_takriti@enron.net

Subject: Network Design Optimization.

Phil,
The optimization engine is ready and the graphical user interface is almost
done. Attached please find the updated network design optimization
specification. It contains some additions and modifications to the old
specification I sent you a while ago. The major changes are:
  1. The program now also supports Ring design. and it can solve to optimality
  2. The graphical user interface is handled by Visual Basic on a PC. (Not on
the web browser as in the previous spec.).
Please take a look at the specification document and let me know if there is
anything you want to add/change/remove...etc.
Moreover, please do not forget to send us a test example.
We are buying CPLEX and will install it on our network. Hopefully our IT
teams can configure your machine to run it in a few weeks.

-Chonawee


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/02/2001
08:33 AM ---------------------------

"Sogomonian, Aram" <Aram.Sogomonian@pacificorp.com> on 01/31/2001 07:56:39 PM
To: "'vkamins@enron.com'" <vkamins@enron.com>
cc:
Subject: FW: California Electricity Crisis: What to do

For your reading enjoyment.

We should shoot for breakfast on Thursday morning Feb. 8th.

FYI.  The following link will take you to a joint statement about what to
do in the California electricity crisis.

http://haas.berkeley.edu/news/california_electricity_crisis.html

William W. Hogan
John F. Kennedy School of Government
Harvard University
79 John F. Kennedy Street
Cambridge, MA 02138
617-495-1317 (o)
617-495-1635 (f)
email: william_hogan@harvard.edu
web page: www.whogan.com
or
http://ksgwww.harvard.edu/people/whogan


----- Forwarded by Elizabeth Sager/HOU/ECT on 06/05/2001 11:52 AM -----

	ARSystem <ARSystem@mailman.enron.com> 06/04/2001 07:21 PM 	   To: "elizabeth.sager@enron.com" <elizabeth.sager@enron.com>  cc:   Subject: Your Approval is Overdue: Access Request for harlan.murphy@enron.com

This request has been pending your approval for  9 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000036752&Page=Approval to review and act upon this request.

Request ID          : 000000000036752
Request Create Date : 5/23/01 12:19:11 PM
Requested For       : harlan.murphy@enron.com
Resource Name       : Westlaw
Resource Type       : Applications


it says that on the schedule, we will find out tonight

Nick Hiemstra
05/22/2000 10:41 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: GAME TONIGHT @ 9:45

yep; by the way, I have written in my calendar something about a flag
football tourney on May 29, is that right?

	Enron North America Corp.

	From:  Eric Bass                           05/22/2000 09:04 AM

To: Brian Hoskins/HOU/ECT@ECT, Luis Mena/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Matthew Lenhart/HOU/ECT@ECT, Timothy Blanchard/HOU/EES@EES, Bryan
Hull/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, O'Neal D
Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kenneth
Shulklapper/HOU/ECT@ECT, Nick Hiemstra/HOU/ECT@ECT, Amir Ahanchian/Enron
Communications@Enron Communications
cc:
Subject: GAME TONIGHT @ 9:45

 Let me know whether or not you will be there.  Please try to make it by 9:15.


Glad to be of help.  Glad to hear it went well.  Someone sent me some press
on the hearing that looked great.

Steven J Kean@ENRON
08/22/2000 04:38 PM
Sent by: Steven J Kean@ENRON
To: Robin Kittel/HOU/EES@EES, Marc Phillips/OTS/Enron@ENRON, Mary
Schoen/HOU/EES@EES, Jeff Dasovich/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES
cc:
Subject: Thank you

thanks for your help in preparing for the Texas hearing.  I think Texas
legislators are viewing the California experience in the proper context and I
think I was at least marginally articulate on the emissions issues as well.

thanks again.


Attached is a first draft of the GPG rehearing of Order 637.  At this point
please just review the document for overall tone and to ensure that I
included all the appropriate points.  I would appreciate this initial
feedback by noon Friday, March 3.   I will return a second draft by COB on
Friday and you can may any detailed edits on the second draft.

Also attached are draft INGAA comments.


Attached is a draft of the issues list that we discussed at our meeting on
Friday.  This list is intended only to highlight the principal issues to be
addressed in greater detail as the proposal develops, and to assist in
identifying the next steps.  As a result, we have kept this list fairly
general and have not attempted to undertake a full analysis of the issues.
Please call or e-mail with any questions or comments.  Thanks.

------------------------------------------------------------------------------
This e-mail is sent by a law firm and contains information that may be
privileged and confidential. If you are not the intended recipient, please
delete the e-mail and notify us immediately.

 - 5QBK01!.WPD


Dabhol Power Water- oil/naphtha contamination continues to be observed in
villages water wells.  The villages are being supplied drinking water.  The
villages are currently not hostile.  The subsurface at the plant was found to
be very fractured allowing the spread of the contamination.  Additionally the
sea water cooling tower discharge basin and the waste treatment plant have
overflowed to cause surface water contamination in a stream.  The current
monsoon season rains have somewhat mitigated the concentrations of this
contamination. The hydrogeological consultant continues to investigate.

Ecoelectrica -The date for the EPA notice of violation conference has still
not been set, but is expected to occur in the next two weeks.  Drafts of the
presentation to be used at the conference are being reviewed.  Marc Phillips
continues to provide plant personnel assistance in resolving continuous
emission monitoring equipment and protocol issues.  I have asked Marc to
prepare a list of actions remaining to be and potential personnel, including
contract consultants, capable of performing them, in order to set the plant
on course for compliant operations in the future.

Pipeline Safety Legislation- nothing new this week.  Jeff Keeler has
scheduled meetings for Stan Horton today with high level  congressional staff
and Department of Transportation officials

Marc Phillips discussed a consultants proposal to perform methane leaks
surveys at 10 to 15 GPG compressor stations in return for potential
greenhouse gas credits in lieu of monetary payment.  GPG management will
review the proposal and if feedback is positive Marc will pursue discussions
with emission traders.


---------------------- Forwarded by Ina Rangel/HOU/ECT on 05/14/2001 01:01 PM ---------------------------

Kimberly Bates
05/14/2001 12:52 PM
To:	Tammi DePaolis/Corp/Enron@ENRON, Ina Rangel/HOU/ECT@ECT, Airam Arteaga/Enron@EnronXGate, Laura Vuittonet/Enron@EnronXGate, Becky Young/Enron@EnronXGate
cc:
Subject:	ICE Presentation

Pam Anderson from Intercontinental Exchange will be giving an ICE presentation on May 22 in EB 32c2.  Please let me know if  you plan on attending.


Here's an updated confirm on Saga.  Bernice is awaiting your approval.
---------------------- Forwarded by Tana Jones/HOU/ECT on 06/10/99 10:48 AM
---------------------------

Bernice Rodriguez
06/10/99 10:42 AM
To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Saga Petroleum

Here it is.  Please review and forward to Carol.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Weekly Priority Mtg./Raetta

Date:		2/15/2001
Time:		9:30 AM - 10:30 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


If we are interested in doing this, the interviewee should probably be from
EEL
----- Forwarded by Steven J Kean/NA/Enron on 11/16/2000 06:10 AM -----

	Christian Schmollinger <cschmollinger@energyintel.com>
	11/14/2000 10:00 AM

		 To: "'skean@enron.com'" <skean@enron.com>
		 cc:
		 Subject: Story on American Companies in Europe

Dear Mr. Kean,

   Hello, I am Christian Schmollinger, a reporter with Natural Gas
Week. I'm not sure if you remember but we met at the press briefing that Mr.
Skilling held at the National Press Building at the end of the summer here
in Washington to discuss the California electricity markets.
   I am contacting you today in the hopes that I might be able to speak
with you or someone else from Enron for a story I am working on for this
week's issue concerning American natural gas marketers moving into Europe. I
was hoping I could interview someone with the company before Thursday so
that I could write the story before my Friday deadline.
   For the story, I am basically looking to do background, i.e. How is
the European market different from the American market? Will the network
business model translate well there? What kind of regulatory pitfalls do the
companies' face? Will a liquid natural gas market develop in Europe? If so,
what kind of timeline are we talking about? What is Enron's position and
take on the whole European market?
   I would appreciate any time or guidance you might be able to give me
on this subject. If you have any questions or comments please don't hesitate
to call. Once again, thanks for your time.

Sincerely,
Christian Schmollinger
Staff Reporter, Natural Gas Week
1401 New York Ave., NW Suite 500
Washington, DC 20005
Ph. 202-662-0726
Fax 202-347-8089


-----Original Message-----
From: 	Boyt, Eric
Sent:	Monday, October 29, 2001 10:41 AM
To:	Fitzwater, Loftus; Diamond, Russell; Little, Kelli; Calcagno, Suzanne; Moon, Eric; Cramer, Chris
Subject:	FW: America's new weapon

[Boyt, Eric]  You have to turn up the volume a little

This just cracked me up.................................................

http://members.sigecom.net/theclan/Taliban.html


Louis

Thank you!

I have been really crazy and was going to come down and talk to you this
afternoon.

They were deducting me for parking 9 and parking 11.

Thanx again,

Chris Dorland


Please plan to attend a  reception and dinner for those Analysts and
Associates due to rotate in the near future who have made significant
contributions to Enron North America  The function will be hosted by the
Office of the Chairman at Cafe Annie located at 1728 Post Oak Blvd. on August
2,  2000.  The reception will start at 7:00pm with dinner to follow at
7:45pm.  Please RSVP to Ted Bland at ext. 3-5275 no later than close of
business Monday, July 31.  This will be an informal gathering to discuss the
progress of ENA and an open forum to interact with the management team on a
one on one basis.

See you on Wednesday.

Mark, Dave and John


471740 - Bob Badeer checked with Natsource. This is their deal. Broker
mistake.

471315 - This was PGET. It's been changed.

471588 - This was 12/3, not 12/4. It's been changed.

Thanks,
Kate


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The call reference below has been changed per Alan Comnes.
Please note, only the date and time have changed.
The Dial in # and the Pin # remain the same.

Date: TODAY, 22 MARCH 200
Time: 1:30pm Pacific / 3:30pm Central / 4:30pm Eastern
800#: 888/476-3757
Pin #: 538893

Pin # for Alan Comnes ONLY: 415939

---------------------- Forwarded by Lysa Akin/PDX/ECT on 03/22/2001 09:17 AM
---------------------------

Lysa Akin
03/21/2001 04:21 PM
To: Charles Yeung/HOU/ECT@ECT, Tom Briggs/NA/Enron@Enron, Mary
Hain/HOU/ECT@ECT
cc: Alan Comnes/PDX/ECT
Subject: Conference Call FRIDAY

Alan asked that I set a conference call to discuss Bingaman Bill on Energy
Legislation.

Details of the call are as follows:

Date: FRIDAY, 23 March 2001
Time: 1:00pm Pacific / 3:00pm Central / 4:00pm Eastern
800#: 888/476-3757
Pin #: 538893

Pin # for Alan Comnes ONLY: 415939

Please call Alan at 503/464-8129 if you have any questions.

Lysa Akin


Dear Vince,

It will be a great pleasure to see you in Atlanta. I will be delighted to
have breakfast with you.
Let me know you itinerary and the hotel.

Looking forward to seeing you.

Alex

 <<...OLE_Obj...>>

Alexander Eydeland
Vice President, Research
Mirant Corp.
Phone: 678-579-5129
Fax: 678-579-5752
alexander.eydeland@mirant.com


They are based out of Salt Lake City, Utah.

	Steve Pruett@ENRON
	01/25/2001 11:32 AM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: Re: TBI Gathering Agreement Form

Are Pruitt-Gushee in Midland or Houston?

Gerald Nemec@ECT
01/25/2001 10:55 AM
To: Steve Pruett/Corp/Enron@ENRON
cc:

Subject: Re: TBI Gathering Agreement Form

Steve,  I think we are going to use Bill Ward with Pruitt-Gushee. I am trying
to confirm this with Teresa.   He worked on the original Crescendo
transaction.  I talked to Ken and his is okay with this also.

	Steve Pruett@ENRON
	01/25/2001 09:34 AM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: TBI Gathering Agreement Form

Please review at your convenience.  Where are you on having the PSA reviewed?

---------------------- Forwarded by Steve Pruett/Corp/Enron on 01/25/2001
09:01 AM ---------------------------

"Harris, Kent" <Kent_Harris@kindermorgan.com> on 01/25/2001 08:52:52 AM
To: "'kkrisa@apex2000.net'" <kkrisa@apex2000.net>, "'mark.whitt@enron.com'"
<mark.whitt@enron.com>, "'steve.pruett@enron.com'" <steve.pruett@enron.com>
cc:

Subject: TBI Gathering Agreement Form

 - STD GATH AGRMT 01-15-01.doc


I am pleased to announce that Terry Franklin will be joining the
Transportation Rates team in a newly created position-the Appalachian
Coordinator role.  Terry brings years of transportation, wellhead, and Enron
experience to the position, and we are excited to have her join the team.

In her new position, Terry will be responsible for the following:

? Understand the Appalachian contracts/agreements
? Understand the gas flow methods and desired commercial results
? Facilitate set-up of transport/gathering contracts
? Facilitate set-up of facilities/meters
? Create purchase deals in SITARA
? Maintain transport rates coordination role for CGAS, CNG, CNR, etc.
? Review calc sheets
? Maintain purchase pricing
? Maintain intra-month volumetric estimates on CNR/Gather co

Terry will make every effort to trouble shoot and problem solve for both the
commercial and operations teams.  In doing so, she will be looking to partner
with the members of the Trading, Origination, Client Services, Volume
Management, and Logistics teams to improve our processes in this very
important area.

Terry will be replaced on the Operational Analysis team, but we may choose to
realign individual responsibilities to creatively manage the  current
workload.  Terry will begin to transition over the next several days, but we
must be very careful to maintain the current Volume Mgmt. OA process during
this transition time.

Please join me in congratulating Terry in her new role!


---------------------- Forwarded by Susan M Scott/HOU/ECT on 04/18/2000 01:13
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Jeffrey C Gossett                           04/18/2000 07:26 AM

To: Burton McIntyre/HOU/ECT@ECT, Purvi Patel/HOU/ECT@ECT, Susan M
Scott/HOU/ECT@ECT
cc:
Subject: Gas Daily Float for Float deals

Can you guys book a few deals this way in the test environment.  They are
testing to see if they are able to generate an accurate confirm this way.
Thanks for your help!!!

JG
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 04/18/2000
07:23 AM ---------------------------

Bob Bowen
04/14/2000 01:30 PM
To: Jeffrey C Gossett/HOU/ECT@ECT
cc: Jefferson D Sorenson/HOU/ECT@ECT
Subject: Gas Daily Float for Float deals

As per our discussion of this a.m., ENA IT has a "program fix" in Stage which
will handle
the generation of confirmations for Gas Daily swaps that may be booked as two
legs in the
future.  This change effects both TAGG - Deal Capture and TAGG - Deal
Clearing.

In order to be ready for the commercial people in case they use the two
legged Gas Daily
deal, I am requesting that your Gas Daily team input maybe 20-25 deals in
TAGG - Deal
Capture using the new guidelines.  Ron Nolte has outlined below how the input
process
should be handled for these types of deals.

I will be out of the office Monday and Tuesday of next week so I am
requesting that the Gas
Daily team have these deals in by next Wednesday.

Thanks for your help.

---------------------- Forwarded by Bob Bowen/HOU/ECT on 04/14/2000 12:53 PM
---------------------------

Ron Nolte
04/06/2000 01:15 PM
To: Bob Bowen/HOU/ECT@ECT
cc:
Subject: Gas Daily Float for Float deals

Bob,

Ricky is in the process of changing TAGG Deal Clearing to be able to combine
the deal leg
containing the Nymex ( fixed )  price and the deal leg containing the Gas
Daily( float )  price onto one
confirm.

In order for this as well as the changes to the Settlement process  to work,
the following rules
must be adhered to when the deal is captured.

1) The fixed price must be entered as leg 1.
2) The float price must be entered as leg 2.

3) Leg 1 and leg 2 must be "linked" by clicking the "Link" button on the deal
capture
 window and by inserting a row as follows:

 The "Purpose" above will be listed as "Deal Link" when the picklist
displays.  The "Link" can be
 done from either leg 1 or leg 2.

 4) The  confirm can only be created/revised/viewed/printed/faxed  from leg 1.

 5) The clearing status of the deal can only be changed from leg 1.

 Please note that  any change to the status of either leg will be reflected
on the other
 leg automatically; e.g., assume a confirm is created on leg 1,  the deal
status of both
 legs will display "Generated".  Then assume someone changes leg 2 in Deal
Capture,
 the status of both legs in TAGG deal clearing will be automatically set to
"Pending -
 Revised after Generated".


This impacts the following deals in Sitara,

Deal 222734 - purchase from Alliance
Deal 265943 - purchase from Meng
Deal 227992 - transport usage

---------------------- Forwarded by Chris Germany/HOU/ECT on 09/06/2000 01:24
PM ---------------------------

Chris Germany
09/06/2000 01:04 PM
To: Kyle R Lilly/HOU/ECT@ECT, Alicia Perkins/HOU/ECT@ECT, Crystal
Hyde/HOU/ECT@ECT
cc: Mary Theresa Franklin/HOU/ECT@ECT, Jeanne Wukasch/Corp/Enron@ENRON
Subject: CNR curve

I changed the formula on the IF-CNRGATH curve in the EastMrkt file.  Before
the change it was CGT/APPALAC - $.32.  After the change its (CGAS -
$.30)x(1-.0492).  This widens the spread by about $.24.


Pat Radford
Enron North America Corp.
EB3869
713-853-9282
----- Forwarded by Pat Radford/HOU/ECT on 04/10/2001 01:58 PM -----

	Dina Snow@ENRON
	04/10/2001 01:46 PM

		 To: Pat Radford/HOU/ECT@ECT
		 cc:
		 Subject: Technology news

----- Forwarded by Dina Snow/Corp/Enron on 04/10/2001 01:46 PM -----

	James Grace
	04/10/2001 01:25 PM

		 To: Dina Snow/Corp/Enron@Enron
		 cc:
		 Subject: Technology news

----- Forwarded by James Grace/Corp/Enron on 04/10/2001 01:25 PM -----

	James.Barkley@bakerbotts.com
	04/10/2001 01:01 PM

		 To: Leslie.Walker@bakerbotts.com, Paul.Pfeffer@bakerbotts.com,
Joyce.Cascio@bakerbotts.com, Mike.Lennon@bakerbotts.com,
janie-mitcham@reliantenergy.com, stephanie-murdock@reliantenergy.com,
James.Grace@enron.com, jmryan@mail.utexas.edu
		 cc:
		 Subject: Technology news

Enjoy.

 - SONY_WEBCAM_T.pps


We have been analyzing various opportunities of providing electric power into
California.  One idea is to modify existing customer emergency diesel
generators such that we could turn them on and supply power to the grid when
the customer does not need the power.

We believe current regulations limit use of diesel (#2 fuel oil) fired
emergency generators to only be operated when the utility is not currently
supplying power to the facility and in that case, maximum of 500 hoursper
year for hospitals and other critical services but only 200 hours per year
for all others.

There may be legislation currently being submitted to the California
legislature or other regulatory body (EPA?) to change this based on current
need for power in that area.  Could you please advise me if there is
currently any legislation like this under consideration and/or when this may
occur?

Thank you for your assistance.

Roger


Marcelo:

Just checking to see if you had any information for me (default, time zone).
Regards.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Per discussions with Steve Harris we have re-estimated volumes and costs for a smaller version of Project Red Rock. We have studied two scenarios and the results are as follows.

70 mmcf/d Case
                           Requires PGT-25 compressor installation at TW Stations No.1 and No.2.
                           Estimated cost = $48,000,000

120 mmcf/d Case
                           Requires PGT-25 Compressor installation at TW Stations No. 1, No. 2 and No. 3.
                           Estimated cost = $72,000,000.

GE has informed us that absent a substantial commitment from Enron by June 13, they will be forced to stop all work on the 4 PGT-25 compressor packages for Project Red Rock.  If we elect to restart this work at a later date, the original delivery dates (Nov-Dec 2001) will not be feasible.

We have proposed to GE that Enron make an irrevocable commitment for 2 or 3 PGT-25 Compressors by June 13, and GE continue to preserve the original delivery dates for the uncommitted balance.  They have indicated that this will be an acceptable arrangement through the end of June.  With no further commitment from Enron for the balance of the original order by June 30, GE would stop all work on the uncommitted portion of the order.

This would preserve our required In-Service date for 150 mmcf/d through the end of June, and of course, would preserve the required In-Service date for a reduced Project Red Rock.

If, by the end of June we have not committed to the balance of the compressor order, I believe that we may be able to scale back the purchase of the uncommitted PGT-25 Compressors packages.

The PGT-25 Compressor package consists of a Gas Generator (LM 2500) and a skid mounted Gas Compressor/Power Turbine.   The reason for long manufacturing lead-time is the Gas Compressor/Power Turbine.  We may be able to purchase the PGT-25 Compressor package without an LM-2500 Gas Generator.  LM-2500 Gas Generators are much easier to come by on short notice.  The cost of the Gas Compressor/Power Turbine, without an LM 2500 Gas Generator, is about $4,000,000.  The cost of the LM 2500 Gas Generator is about $5,500,000.  We have not discussed this with GE at this time but I believe it is feasible to preserve project delivery options.

We are preparing a communication to send to GE affirming our election to make an irrevocable commitment on some portion of the original order.  We will release that communication to GE next week if you wish to proceed on either of these alternatives.   I will not be in the office this coming Monday but Jerry will be available to followup.


Dan & Debra -

Attached is a worksheet for a new Master Firm Purchase/Sale with Louis
Dreyfus Natural Gas Corporation.  Fred Lagrasta (ext. 36529) can give you the
name of the contact to whom the draft should be sent.

Please prepare and send out at your earliest convenience.

Thanks,

Jay


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IssueAlert for  March 23, 2001

Enron Stock Drops Amid Concerns About Broadband Business,
General Market Trends

by Will McNamara
Director, Electric Industry Analysis

[News item from Reuters] Shares of electricity and natural-gas marketing
giant Enron Corp. (NYSE: ENE) slid further on Thursday (March 22) amid
broader weakness in energy stocks, despite a reassurance from the company
that it would hit its previously stated target earnings for this year. Enron
was off $3.34, or 6 percent, at $52.55 on March 22, after falling 8 percent
on March 21. So far this year, Enron's stock is down about 37 percent, versus
a 16-percent decline for Standard & Poor's utilities index and a 20-percent
drop for the Dow Jones industrial average.

Analysis: Over the last several weeks, a growing number of smaller, emerging
energy companies have felt the impact from the nation's struggling economy
and the likelihood of an impending recession. Just recently, start-up
companies such as Silicon Energy and Hydrogen Burner Technology have
withdrawn their IPO plans, citing an anemic stock market and the lack of
positive cash flow. A look across the stock market can send shivers down the
spines of most energy company CEOs, as the Dow Jones industrial average
tumbled below the 9,200 point for the first time in two years, and the Nasdaq
composite remains 64 percent off of its March 10, 2000, high of 5,048,
putting the economy in bear market territory.

However, while the stocks and public offerings of smaller energy companies
may crash and burn, the giant energy company that is Enron Corp. typically
has seemed immune from the high and low tides of the U.S. economy. Over the
course of 2000, Enron shares returned 89 percent and traded at roughly 55
times trailing earnings, reportedly more than 2.5 times the multiple of its
some of its main competitors or the S?500. Nevertheless, Enron's winning
streak in the stock market may be eroding, as the waves that are crashing
around many other energy companies may also be dragging Enron into the same
whirlpool.

For perspective, Enron's closest competitors across its various business
lines, Williams and Dynegy, also appear to be taking the hit from the bear
market. Williams (NYSE: WMB) saw its stock decline $3.34, or 8 percent, to
$38.10 on March 22. Dynegy (NYSE: DYN) saw its stock drop $2.26, or 5
percent, to $44.50. Of course, of the three companies, Enron wields the
highest P/E ratio at 49.99 and largest market capitalization at $41.7
billion. By comparison, Williams has a P/E ratio of 21.53 and market
capitalization of $20 billion, while Dynegy has a P/E ratio of 31.98 and
market capitalization of $15.2 billion.

Analysts that keep a close eye on Enron's stock say the sudden decline is not
a reflection of any new business developments at the company, but rather a
market that is struggling in general, and a growing disenchantment among
investors in technology and telecommunications in particular. This may be
having a unique impact on Enron as the company attributed much of its strong
stock performance over the last year to its growing expansion into the
telecommunications / broadband market. Just as the company has achieved
unparalleled success in electricity and natural-gas trading, for the last
year Enron has been developing a high-speed broadband communications network
to support its planned move into bandwidth trading and marketing. Enron
projects a $450 billion worldwide market for communications bandwidth trading
and services by 2005, and the valuation of its own broadband business at $40
a share, or $35 billion. The company plans to trade excess bandwidth
capacity, and in order to do so is constructing its own network, which costs
a lot of money. Enron has acknowledged that it intends to sell between $2
billion and $4 billion in assets over the next 12 months in order to reduce
debt and support the new business in broadband (among other businesses in
pulp and paper, data storage and advertising).

Thus, much is riding on the anticipated success of the broadband business,
and Enron's role in it. Up to this point, confidence in both the industry and
the company have run high. Some analysts have reported that interest in
Enron's expansion into this area, validated by investor interest in new
technologies in general, drove an 87-percent rise in the company's share
price last year. Yet, once again, the tide may be turning. Investors no
longer seem to be as enthralled by emerging technologies that have not
resulted in bottom-line profits, much as the year before e-commerce stocks
also found that their "day in the sun" ended rather abruptly.

And, although nearly every other Enron line of business has turned to gold,
its broadband business has remained immature. In fact, for year-end 2000,
Enron Broadband Services reported a $60 million IBIT loss, reflecting startup
costs to build the new business. The company seems to have anticipated the
slow growth of its broadband business. In fact, Enron CEO Jeffrey Skilling
did not appear concerned over the loss and said that it took between five and
six years for the company's natural-gas business to develop standardized
contracts and increase liquidity. Skilling has said that these numbers do not
dilute his belief that bandwidth trading will soon become a strong performer
for the company. While Skilling remains optimistic about the potential of the
broadband business, investors may not be as patient. (Note that while Enron's
broadband business took a loss for 2000, the company as a whole reported a
25-percent increase in earnings per diluted share to $1.47 and a 32-percent
increase in net income to $1.3 billion).

In late January Enron had increased its earnings target for 2001 to between
$1.70 and $1.75 per share. In response to the sudden drop in stock price and
speculation that its broadband business would receive new pressure to become
profitable, Enron issued a brief statement reiterating that it "remains very
comfortable" with the 2001 earnings estimate. An Enron spokesperson also made
references to "information in the market that is inaccurate," suggesting that
any speculation about problems in its broadband business were unfounded,
including potential layoffs at the broadband unit. According to a report on
CBS.MarketWatch.com, investors polled by First Call / Thompson Financial are
still expecting Enron to turn in earnings in a range of $1.67 to $1.80 for
2001.

Nevertheless, despite Enron's reassurances that it remains on track to meet
its earnings estimate, the company's stock continued to drop. As noted,
investors began to put downward pressure on the stock, pushing it to $52.50
(as of March 22), below its 52-week low of $55 and far below its 52-week high
of $90.56.

Some of the decline may be attributed to the fact that many investors remain
unclear about what it is that Enron does, exactly. According to a March 5
article in Fortune magazine entitled "Is Enron Overpriced?", some Wall
Streeters are skeptical about how the company makes its money, and the lack
of clarity has often raised a red flag about Enron's pricey stock. The
skepticism did not seem to steal any of Enron's thunder in a bull market, but
that could all change quickly in a bear market. Enron may in fact exacerbate
Wall Street's distrust in its business model by not fully disclosing its
financial records for what it deems "competitive reasons." The Fortune
report, which was published before Enron's stock began to decline, also
indicated that investors are concerned about Enron's debt. Although the
company continues to promise a reduction in its debt load, Enron carried a
net $13 billion debt at the end of September 2000. Again, although investors
may have been able to look the other way from Enron's debt during a strong
economy, it appears that investors will use a fine-tooth comb to examine the
company's financial records during the increasingly unstable economy.

Moreover, in addition to a possible impatience with the growth of technology
and telecommunications stocks, investors may also be concerned that a global
economic slowdown could reduce demand for energy as a whole, resulting in
lower commodity prices. Drops in the stocks of Dynegy and Williams possibly
validate this theory.

Enron was quick to quell rumors that its stock began to fall as a result of
problems with its broadband unit. Looking at the big picture, it appears
reasonable that the broadband business on its own has not caused the drop in
Enron's stock. Rather, Enron shares have mostly likely fallen as a result of
several factors. Yes, investors appear to now be less likely to support new
technologies and telecommunications businesses that have not proven to be
presently profitable. In addition, Enron is in many ways an enigma. In an
unstable economy, the uncertainty surrounding Enron's business could prompt
an unprecedented hesitation about the company's business model. And, lastly,
Enron is not alone among energy stocks (and stocks in general) that are
weathering the fallout of the stock market. On the bright side, Enron still
remains a very puissant company, despite the sudden drop in its stock price.
Enron's P/E ratio of 49.99 is still quite strong when compared against other
energy companies. In addition, Enron is a company full of surprises, and it
is doubtful that any temporary drop in its stock price will keep the company
down for long.

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Copyright 2001. SCIENTECH, Inc. All rights  reserved.


The attached preliminary comments were finalized and filed with the
Commission this afternoon, in order to provide FERC staffers a concise,
effective statement of our position while they drafted the Judge's
recommendation.  I was able to schedule a meeting with Judge Wagner, at which
Dan Watkiss and I stepped the Judge through the comments and hit the
following high points:

1.  The methodology of the June 19 order does not work and is totally
inappropriate for marketers.  If price mitigation is inevitable, the Judge
should formulate or make allowances for a workable methodology.

2.  The Judge should recommend that the end result of any Commission order
must be a just and reasonable finding for all periods, both prior to and
after October 2.

3.  All buyers, including Enron, should be entitled to refunds; not just the
State of California and its IOU's.  Enron is a net purchaser in these markets.

4.  Only the state administered spot markets should be subject to the
methodology, not bilateral contracts, OOM sales or sales to the DWR.

The details of these points appear in the attached document.  The Judge was
receptive to most points.  He understood the problems that the June 19
methodology presents for marketers and was agreeable to the notion that this
should be addressed, perhaps in the context of the hearings that will form
part of his recommendation.  He agreed that the actual buyers should receive
refunds, and it was his understanding that only spot transactions should be
subject to the refund methodology.  Although he agreed that the refund
methodology, once implemented, should yield just and reasonable rates, he
felt that this was outside the scope of his recommendation and that the
matter was up to the Commission.  The Judge spoke generally and no promises
were made as to the content of his recommendations, but hopefully this
insight will shed some light as to the outcome.  I urged the Judge to
recommend placing conditions to refunds, as the Commission did in its June 19
order with its RTO filing requirement.  The judge was noncommittal on this,
although he did indicate that he felt refunds should be subject to offset.

Next steps include filing our detailed comments by Thursday.  The Judge told
us he would certify his recommendation to the Commission on Friday, and that
the comments would accompany the recommendation.  Thereafter, it is likely
that the Commission would defer to the Judge's recommendation to hold a fast
track evidentiary hearing of 60 days duration, to determine "unresolved
issues of material fact".  The scope of the hearing has not been determined,
but  will probably include cost issues and might serve as a vehicle for
marketers to recommend an alternative methodology.


FYI.    This close date is of large significance to GPG as we are going to be
asking management to wait an extra week for monthly info that ties out to the
financials.     This variance from what we thought was a "Common Design" is a
huge deal, in fact the agreed upon close timing was a major consideration in
getting agreement within GPG to go forward as it was an improvement that we
could see had value.   I agreed to and "stacked hands" with all on the
"Common Design", yet somehow there has been a failure to deliver the "Common
Design".   I just want to make sure that the two of you are aware of my
position on this issue.

---------------------- Forwarded by Rod Hayslett/FGT/Enron on 06/21/2000
05:15 PM ---------------------------

Michael Sullivan
06/21/2000 02:14 PM
To: Lisa Petruszka/Corp/Enron@ENRON
cc: Rod Hayslett/FGT/Enron@Enron

Subject: Risk Document Information

I think Steve was planning to add my comments on impact of prolonging GPG
close to the risk document, but  I did not see it in the document I edited
yesterday.  To restate, it needs to be noted under org impact that GPG's
close is going from 5 to 8+ days which is unacceptable.  We have the
impression that there is not sufficient desire/potential across the BUs to do
what is necessary to get it down to the committed 3 days that we all agreed
to at the ASE.  We view this as a showstopper and will hold the  project and
COE and our own team accountable for meeting that committment by the end of
the year if not sooner.  It seems like we should already have a plan in place
on how we are going to achieve that.  This was a design signoff exception too.

Also, info for risk document below.  My question below was taken from the
risk doc and responded to for actions that have been taken..

If you can, please update for these two items before next distribution

Thanks


Jim - The early estimate of $100,000 was way low and ignored Options.  Short answer:  Avg. Board fees in 2000 were $79,000 (about 1/3 required to be deferred).  Plus avg. phantom stock grant of $53,000 and stock options of $205,000, for total AVG 2000 value of $337000.  Obviously big variable is value of options, which are based on a fixed number but a varying Black Scholes value.  Paula


JEFF:

Here are the components of extended CTC which may be recovered beyond the
statutory deadline of March 31, 2002:

PU code Section 367(a)(1)

Employee-related transition costs as defined in PU Code Section 375(b) which
include severance costs, retraining, early retirement, outplacement and
related expenses for utility employees (mainly in the generation
departments) who are no longer employed as a result of restructuring.
These costs can continue only until December 31, 2006.  As the two year
period for contract retention of generation employees has lapsed, most of
these expenses should be declining.  However, we do not have accurate
numbers for current levels of expense at this time.

367(a)(2)

Power purchase obligations which generate CTC can continue to be collected
through the duration of the contract or the duration of any agreement for
the renegotiation, buyout or buydown of a power purchase agreement so long
as it does not extend the power purchase contract.  Some of these contracts
have 15-20+ years remaining.

367(a)(4)

Nuclear incremental cost incentive payments for SCE and SDG&E's San Onofre
plant may be recovered up to but not after December 31, 2003.

367(a)(5)

The costs of CTC exemptions granted in Section 374 (Irrigation districts,
federal power districts and UC Davis) may be recovered through the original
deadline of March 31, 2002 and up to $50 million of any cost unrecovered at
that time may be collected after that deadline.

367(a)(6)

The fixed transition amounts related to the Rate Reduction Bonds authorized
in P U Code Section 840 may be recovered from those customers for whom the
FTA charges are allocated by Section 841 until all the Rate Reduction Bonds
are repaid.

That is the complete list of "tail end" CTC.

NOTE these related provisions of AB 1890:

367(a)(3)

BRPU settlement agreement costs can only be recovered until March 31, 2002.
Most of the BRPU cancellation claims have been settled, but some may remain.
Payments are almost certainly still being made under a variety of
settlements.  We do not have accurate information on the number of
settlements or payments.

379

Nuclear decommissioning costs are excluded from transition costs and may be
recovered as a non-bypassable charge until fully recovered, and may be
accelerated.   The statute does not describe the process for acceleration.
Presumably the normal CPUC orders on decommissioning ratemaking will
continue to apply.

Please let me know if you need more information in this regard.

Please identify the RCR account for this work.  Thank you.

Mike Day


The following information is from sensitive sources.  Please treat with discretion.

Contact Robert Johnston (x39934) or Kristin Walsh (x39510) for questions or additional info.

Bankruptcy
Early this week, there was a closed door meeting held by the Western Power Trading Forum in Arizona.  The meeting took place outside California to avoid press coverage and allow IPPs to maintain a low profile.  Association representatives believe that regardless of what happens with the PUC vs. Utilities ruling expected on Monday, some IPPs will take the utilities into involuntary bankruptcy.   Our source expects that absent a significant last minute breakthrough, the filing will happen within the next two weeks, and "probably" next week.  As stated in yesterdays report, the IPPs are very low on cash and are not able to cover the debts of the PG&E and Socal.  Only three creditors are needed with uncollected debts of more than $10,000 to file involuntary bankruptcy.

Bail Out
Davis has been meeting with the chief executives of both utilities in a last ditch effort to make a deal prior to Monday's court ruling.  The most likely scenario is for state ownership of the utilities transmissions assets.  However, coming to an agreed upon price will be very challenging.   In addition, PG&E and Edison appear to have competing agendas in pursuing a bail out plan.  Davis is expect to continue meetings through out the weekend in hopes of reaching an agreement before Monday.


I will fax you another report that should have the same data in a different
format.

---------------------- Forwarded by Chris Germany/HOU/ECT on 10/11/2000 08:15
AM ---------------------------

Jeff W Westover
10/09/2000 09:21 AM
To: Chris Germany/HOU/ECT@ECT, Steve Gillespie/Corp/Enron@ENRON
cc:
Subject: Columbia Energy Invoices for (Sept. 2000)

Attached is a copy of the sales invoices and purchase verifications for
Columbia Energy Services for Sept. 2000.

Let me know when I can send out the invoices for Columbia Energy.

Thanks, Jeff (3-3008)


Attached is a draft news release announcing Enron's bandwidth management
agreement with i2.  EBS is planning to issue this release on Monday, Oct. 16
prior to Enron's earnings release on Tuesday, Oct. 17.  Please review and let
me know if you have any comments by end of day today, Friday, Oct. 13.

Thank you.

Meredith Philipp


-----Original Message-----
From: soblander@carrfut.com [mailto:soblander@carrfut.com]
Sent: Monday, October 29, 2001 7:06 AM
To: soblander@carrfut.com
Subject: ALL daily charts and matrices as attachments 10/29

The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude19.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas19.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil19.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded19.pdf

Dec WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clz-qoz.pdf
Dec Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread     http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread     http://www.carrfut.com/research/Energy1/hof-hog.pdf
Nov Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hux-hox.pdf
Dec Gas/Heat Spread     http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Nov/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/hux-huh.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG19.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG19.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL19.pdf

Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606


Peter:
Are you handlig these matters or should we be involved?  Please call me or
Sara when convenient.  Thanks.
Carol
---------------------- Forwarded by Carol St Clair/HOU/ECT on 11/09/99 08:58
AM ---------------------------

	Enron North America Corp.

	From:  John Suttle                           11/08/99 04:54 PM

To: Sara Shackleton/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT
cc:
Subject: Canadian Memo

Rob,

The following is an update on the ongoing situations with some of the
Canadian counterparties that have recently changed their corporate
structures.  Clearly there are some issues that should be discussed regarding
the approach Enron should take moving forward.  On some issues, we are at a
point that decisions need to be made on whether or not to begin exercising
our contractual rights.  Other issues remain to be resolved within Credit,
and I expect these to be resolved within the next week.

Please call me to discuss any questions you might have with the following.

1) Dominion Energy Inc. acquired Remington Energy Ltd. in April 1999.
Remington operates as a wholly owned subsidiary under Dominion Energy Inc.
and has a Master Physical under which its deals have been confirmed.  It has
failed on each of the financial MAC covenants in the contract.  Repeated
efforts have been made to obtain a parent guaranty from Dominion including
conversations that have taken place with both commercial and credit
contacts.  Nonetheless, the counterparty to date has been unresponsive to
guaranty inquiries.  In the past few weeks, repeated phone calls to our
Dominion contacts have not been returned.  Current mark-to-market exposure
for Remington is approximately $9MM USD.

2) Marathon Canada Ltd., a wholly owned sub of Marathon Oil Company (BBB-),
acquired Tarragon  Oil and Gas Ltd. in August 1998.  Marathon Canada Ltd. is
a private company and requested a confidentiality agreement prior to its
providing financial statements.  Enron delivered the CA in July 1999 and
Marathon provided unaudited financials November 4.  Tarragon has a Master
Physical in place and has MACd on its covenants as a result of not providing
financial statements.  The financial statements provided need to be discussed
in further detail with the counterparty.  A request for parent guaranty from
Marathon Oil Company may be the final option prior to calling for
collateral.  Total exposure to the combined entity is $13.5MM USD.

3) Talisman Energy Inc. acquired both Rigel Oil and Gas Ltd. and Highridge
Exploration Ltd.  We have transactions confirmed under a Master Swap and a
Master Physical with Highridge,  a Master Physical and a Master Swap with
Talisman, and a Master Physical with Rigel.  Talisman has agreed to assign
all outstanding deals to the existing master contracts we have in place with
Talisman Energy Inc.  As soon as possible, we need legal to draft paper to
Talisman moving the outstanding deals under the Rigel and Highridge contracts
to the Talisman contracts.  In the same letter, Talisman has agreed to
terminate the Rigel and Highridge contracts.  In return, credit has agreed to
review the collateral thresholds and credit terms in the existing Talisman
contracts.  Talisman has its third quarter financials available this Friday.
By the end of next week we should be able to send the letter to Talisman with
amendments, transaction transfers, and Rigel/Highridge contract
terminations.  Combined exposure for the entities is approximately $30MM USD.

4) Renaissance Energy Ltd. amalgamated Pinnacle Resources Ltd.  We have one
deal on the books, but no contracts with Renaissance. We have a long term
deal confirmed under a Master Swap and a long term deal confirmed under a
Master Physical with Pinnacle.  Pinnacle does not want to move the existing
Renaissance deal under the Pinnacle master agreement.  It appears as though
Renaissance is finalizing a sale of assets that will include some Pinnacle
properties.  If they sell the Pinnacle properties underlying our deals, they
said they would probably assign the outstanding deals and contracts to the
purchaser (presumably after obtaining Enron approval for such).
Renaissance's current corporate structure automatically obligates Renaissance
to the obligations of Pinnacle and the resulting exposure under the two
contracts.   Combined exposure for these entities is $13MM USD.  A credit
review on Renaissance will be conducted within the next week.

5)  Devon Energy Corporation acquired Northstar Energy Corporation in
December 1998.  Northstar continues to operate as a wholly owned subsidiary,
has an executed Master Physical, and it has MACd on each of its covenants.
There is approximately $9.3MM USD mark to market exposure with Northstar.
Northstar has had several counterparties request a parent guaranty, but has
not offered any to date.  Devon offers limited financial information on its
Canadian operations in its 10-K, but exclusive Northstar data is not
provided.  We have sent Northstar our preferred form of guaranty, and they
have been unresponsive to subsequent phone calls.


We recommend that customer profiles for the new product type below be copied
from US East Power Fin Swap.

Please let me know ASAP.  Thanks.

US Pwr Fin Swap  PJM DemPk 10/MW         Nov00           USD/MW

A US Power Demand Financial Swap Transaction with Enron North America Corp.,
under which the Seller is obliged to pay the Payment Amount to the Buyer
where the Floating Amount is above the Strike Amount, or where the Buyer is
obliged to pay the Payment Amount to the Seller where the Floating Amount is
below the Strike Amount.  The Strike Amount is the amount in Megawatts
submitted in the "price" field by Counterparty via the website. The Notional
Amount is the product of the quantity submitted by Counterparty via the
website and the Pay Unit. The Payment Amount is the product of (i) the
Notional Amount and (ii) the absolute value of the difference between the
Floating Amount and the Strike Amount.  The Payment Amount will be payable on
or before ten (10) business days after the Floating Amount for the
Calculation Period is determinable.
The Calculation Period is from and including the Effective Date of 01 Nov
2000 (Initial Date) to and including the Termination Date of 30 Nov 2000 (End
Date).
The Floating Amount shall be the arithmetic average of the hourly PJM loads
for Peak hours on each Delivery Day during the Calculation Period. The
Floating Amount shall be calculated utilizing the hourly integrated loads
published by PJM Interconnection, LLC ("PJM") on its official web site
currently located at ftp://www.pjm.com/pub/account/loadhryr/index.html, or
any successor thereto, under the heading "PJM Hourly Load Data".
The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be megawatts and
the quantity shown shall be in total MWs.
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning
with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300
(11:00 pm) Eastern Prevailing Time.  "Delivery Day" means a day during the
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or
Friday, excluding any day that is a NERC holiday.
The Pay Unit is 10 USD.


Concur Expense (XMS) Upgrade!

With the upgrade of Concur Expense going live on Monday, July 2, this is a
reminder to have all of your open expense reports
submitted and approved in the current XMS system by this Wednesday, June 27.

Logon instructions for the new Concur Expense system will be delivered via
email to everyone on Friday, June 29th.

To review the Transition Schedule, please click on the following link:
http://isc.enron.com/site/XMSchange.htm

If you have any other questions about the new upgrade, please contact the ISC
Call Center at 713-345-4727.


I hardly know what to say!!!  What a great turnout from the Research
Department.   We had 15 including spouses and children who worked Check-in
and picked up trash.  Thanks so much.  Everyone from Community Relations was
blown away by the turnout we had from Research.  I heard very nice comments
about our effort and about the fact that Vince came out and worked.  Thanks
again for all your support.  I personally appreciated it and I know everyone
else from Enron that was involved in this event appreciated it because I got
so many comments about our participation.  I don't know what else to say but
that you are a GREAT GROUP.   Anita


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/17/99
03:58 PM ---------------------------

Anjam Ahmad
12/07/99 09:33 AM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Vasant
Shanbhogue/HOU/ECT@ECT
cc:
Subject: Credit Markets Group Organisational Announcement.

---------------------- Forwarded by Anjam Ahmad/LON/ECT on 07/12/99 03:32 PM
---------------------------

	Enron Europe

	From:  John Sherriff                           07/12/99 03:10 PM

Sent by: Enron Europe General Announcement
To: ECT Europe, Enron Executive Committee, Jay Fitzgerald/Corp/Enron@ENRON,
William S Bradford/HOU/ECT@ECT, David Gorte/HOU/ECT@ECT, Monte L
Gleason/HOU/ECT@ECT, Mark Ruane/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Rick L
Carson/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Randy Petersen/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT
cc:

Subject: Credit Markets Group Organisational Announcement.

We are pleased to announce the formation of the Credit Markets Group which is
responsible for developing innovative products to better manage the risk of
our internal credit portfolio as well as, looking  for opportunities to
provide third party credit protection.  Initially, we will be making markets
in bankruptcy protection on reference credits which are currently in our
portfolio but we expect to add additional credit products and reference
credits very quickly.

The team will utilise EnronOnline as its primary trade execution tool,
looking to quickly build market share by capturing the eyes of our current
counterparts.  Simultaneously,  we will launch an external web site focused
on credit protection where potential customers will have access to real time
prices and filter on specific reference credits as well as, access to credit
models and research papers on effective credit risk management.  Utilising
e-commerce business principles, we expect to aggressively claim the space for
corporate credit protection.  We expect to make a public announcement about
these new products in late January.

In order to effectively access the global market for credit protection, the
group will be based in London with an initial local desk set up in Houston as
well.  Bryan Seyfried will be transitioning out of RAC, where he was
responsible for the Trading Controls and Research teams in Europe, to lead
the group and he will report to me.