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TIMELY INVESTMENT INFORMATION - Weekly Economic Update
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WEEKLY UPDATE FOR: January 26, 2002

Prior Week in Review:

Financial Market Highlights:
============================

                        01/25/02     01/18/02     %Change

S&P 500                 1,133.28     1,127.58       +.51%
Dow Jones               9,840.08     9,771.85       +.70%
NASD Comp               1,937.70     1,930.34       +.38%
Russell 2000              479.35       474.37      +1.05%
SOX Index                 535.94       523.04      +2.47%
Value Line                362.40       358.32      +1.14%
MS Growth                 563.87       558.74       +.92%
MS Cyclical               529.75       510.81      +3.71%
T - Bill                    1.68%        1.58%     +10 BP
Long Bond                   5.48%        5.37%     +11 BP
Gold - Oz-Near Month     $279.10      $283.40      -$4.30
Silver - Oz-Near Month     $4.31        $4.35       -$.04

Economic News:
==============

Not Much News Last Week - What There Was Was Very Positive
 Also FRB Officials And Chairman Greenspan Now More Upbeat
 Best Bet - No Rate Cut - Removal Of Bias - Spring Recovery

*December Leading Economic Indicators rose +1.2% -
 Subcomponents also solid
*Jobless Claims fell -15,000 to 376,000 - Four Week
  Moving Average fell -8,750 to 404,250
*Existing Home Sales eased -.8% in December - Full
  Year, though, was a record and unsold inventory falls

Regular readers should already know that we were quite happy
with last week's reports.  Not only were the economic reports
very supportive of our long held outlook for a recovery to
be underway by Spring, but we even had a few "powerful
conversions" to our way of thinking - various members of
the FRB and Chairman Greenspan himself.  Let's hope they're
right this time !

On Monday, when the markets were closed, various Federal
Reserve Board (FRB) officials were reported by the Wall Street
Journal to have downplayed the negativity of earlier remarks.
Then on Thursday Chairman Greenspan, in Congressional testimony,
noted " ... that some of the forces that have been restraining
the economy over the past year are starting to diminish and that
activity is beginning to firm."  That's about a 180 degree
turn, in a short period of time, from his "significant risks"
remarks that we noted a few issues ago.

It is not that his views of the economy have changed that much,
at least in my opinion, as I think he was genuinely surprised at
the interpretation of his remarks - as we were at the time. We
actually thought his speech positive in terms of his comments on
productivity growth.  But, most market participants focused on
the short term negatives not the long term positives.  Chairman
Greenspan's efforts on Thursday should help to redirect the focus.

One other point worth noting is that he also tried to dampen
the expectations for the recovery, as we have.  Again during his
Congressional testimony he noted that " ... although household
spending should continue to trend up, the potential for
significant acceleration in activity in this sector is more
limited."  Simply put, if the consumer sector doesn't "pop", and
it drives two thirds of economic activity, then logically the
recovery won't be too sharp.  But, as we have pointed out before,
such a scenario can be quite positive for financial assets.

Last week's important actual reports, jobless claims and leading
indicators, were both very positive.  Leading indicators advanced
for the third consecutive month, and importantly, at an accelera-
ting rate.  In addition, subcomponents were also supportive of an
economic recovery beginning soon - if it is not already underway.

The jobless claims report, although there were revisions to the
prior week, was also quite good.  Claims are again falling, but
perhaps more importantly they are now at a level below
September 11th.  The clear implication is that the labor markets
are stabilizing, a fact that will not be lost on the FOMC when
they meet.

Whereas last week we had noted that we didn't think another rate
cut was necessary, but that the FOMC could take out an "insurance
policy", it now seems quite likely that the FOMC is finished
lowering rates for this cycle.  In addition, while they may leave
the bias toward lover rates in place, our best bet is that the
bias is removed.  Given the strength of the leading indicators,
it would seem like tortured logic to try to argue that the
"significant risks" that Chairman Greenspan discussed only two
weeks ago actually exist.

Clearly, then, our view hasn't changed - we still expect an
economic recovery to be underway by Spring, and we expect the
"bounceback" to be less than the consensus expects.  We'll see if
we're right soon enough.  But if we are, the logical extension
for market participants is that cyclical stories will disappoint.

For now we're just happy enough having the FRB on our side as
the long term implications are quite positive. Stay tuned  !

Current Weekly Calendar of Economic Data:
=========================================

Monday:      New Home Sales
Tuesday:        Consumer Confidence, Durable Goods Orders,
                 FOMC Meeting - 1 st Day
Wednesday:      FOMC Meeting - 2 nd Day, GDP 4th Qtr.
Thursday:       Jobless Claims, Personal Income/Spending,
                 Chicago Purchasing Managers' Index,
                 Employment Cost Index
Friday:         Labor Department Employment Report,
                 Institute of Supply Management Index,
                 Construction Spending.

Fresh Money Buys:
=================

In response to subscriber feedback, we have established this
section to highlight recommendations from our list that we
believe are the most attractively priced currently.  We will
limit the selections to three each week, even as our list of
recommendations changes.

Fannie Mae (FNM)                               $81.30
First Data Corp. (FDC)                         $81.14
Pfizer Inc. (PFE)                              $41.70

Original reports from the time of recommendation, are
         available on our Website at:

    http://www.stockresearch.com/archive.html

You may obtain a "second opinion" from VectorVest, a service
that provides limited access free so you may try their
service at:

    http://www.stockresearch.com/vv.html

We will not track the performance of this list as we are
already monitoring the original recommendations.  Hope
this helps.

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This message was launched into cyberspace to alewis@enron.com


Bullet 4:
FERC cannot directly "amend" a proposed standard (I was told this is because the Canadians would object to FERC telling them what to do directly); however, FERC can remand a proposed standard to the ERO for a modification by a date certain.  The proposed standard is not implemented until the modification is made.  (In some cases, a proposed standard takes effect automatically if FERC fails to act on the proposed standard within a specified period of time.)

At the GISB - EPSA meeting last Thurs, the GISB people clearly stated that GISB has NO authority over its members, it is 100% voluntary.  All the muscle lies in FERC and any governmental agency that is willing to adopt the GISB standard.  Agencies in Mexico for example have adopted certain GISB standards.  In fact, ANSI acreditaion requires that the standards setting organization NOT to have authority.  So it makes sense for FERC to not amend a proposed standard since other agencies will have to be able to adopt it.(e.g.- Canada)  I don't see a problem with this - but this makes the consensus building process even more important since the final product must be amenable to any and all relevant governement authorities.

This is a good reason why the legislation cannot give deference to the ERO, especially one which proposes to have compliance and enforcement authority as NERC's proposal.  If NERC is going to set standards AND have compliance authority over its members - then the ANSI acreditation they claim to be getting will not be the same as that of GISB.  ANSI does not allow this combination.  If the deference language is in the legislation - that means the GISB/EISB proposal is excluded from FERC's choice.  FERC needs to be aware of this.  So why does the voluntary GISB process with FERC oversight model work?

It is the very nature of knowing FERC has final authority that makes the consensus building process work - not the threat of the ERO's compliance authority over its members as NERC approaches this.  In GISB, the  members know that if they do not produce a standard that all its members and FERC can live with - FERC will not adopt it, nor can FERC amend it - and since no enforcement mechanism will be behind the mis-guided standard (remember it is 100% voluntary), it becomes a worthless exercise.  This is a powerful incentive.

On the other hand, NERC's approach of a standards organization with enforcement power sets the stage for power struggles between sectors and knocks down the consensus building attitude the GISB process encourages.   Compliance and penalites are not assigned or targeted to every member/sector.  Certain parties are impacted by certain standards - and in different ways. For example - a congestion management standard will affect a control area very differently than it would a power marketer.  The penalites may not apply at all to the marketers who want to protect themselves by making the congestion management penalites as harsh as possible and vice versa for the control areas.  If the ERO doles out compliance without FERC approval - then the standards will become a battleground over compliance and penalties. The point is the enforcement and penalty debate will drive sector arguments and will cloud the real task of developing an equitable congestion management standard.

 -----Original Message-----
From: 	Shelk, John
Sent:	Friday, August 10, 2001 3:58 PM
To:	Shapiro, Richard; Robertson, Linda; Steffes, James D.; Novosel, Sarah; Yeung, Charles; Perrino, Dave; Rodriquez, Andy; Ingersoll, Richard; Nicolay, Christi L.; Lindberg, Susan; Walton, Steve
Subject:	Summary of "Final Draft" of NERC "Electric Reliability Organization" Legislation

Attached is a summary I did of the key points in the Final Draft of the NERC reliability legislation, as amended yesterday.  While it is now shorter than the old version, and some of the objectional features have been deleted or watered down, I assume we still do not support the final version.  We and others who attended these meetings have been asked to provide our comments and position by close of business on Thursday, August 16th.  I thought the summary would help highlight the major features so we can evaluate the final version in light of our concerns and interests in this subject.  Your comments are welcome.

 << File: SummaryNERCFinalDraft081001.doc >>


Kay

Here is the change order that Mike Sandridge signed this morning.

Rebecca


---------------------- Forwarded by Darron C Giron/HOU/ECT on 03/27/2001
11:34 AM ---------------------------

	From:  Julie Brewer @ ENRON                           03/27/2001 10:11 AM

To: Darron C Giron/HOU/ECT@ECT
cc: Larry Joe Hunter/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Diane
Anderson/NA/Enron@Enron, Bianca Ornelas/NA/Enron@Enron, Richard
Deming/NA/Enron@Enron, Ellen Wallumrod/NA/Enron@ENRON
Subject: Rebooks

Can you please have this deal rebooked as indicated by credit.

Thanks. Julie


Hi Rhonda -

I was told you're the person to contact regarding changes in the Enpower
counterparty list. Several items are outdated or have gone through many
different versions, and it's made somewhat of a confusing situation for the
traders and others who do deal entry. My sensitivity to this is heightened
because I'm new to the Deal Control position here at the Portland West Desk,
and I'm still getting used to which names we use and which we don't. Monica
Lande suggested I ask you about it, although she pointed out that if we've
ever booked a deal under any of these counterparty names, then they need to
stay in the system.

I'm wondering if there is any way to weed out some of those extra selections.
For example, Duke and El Paso both have five different names in the system;
Arizona Public Service Company has become Pinnacle; and other names were just
tests that are no longer used.

Please let me know whenever you have a free moment - this is certainly not an
urgent request, and I completely understand if the list needs to stay as is.
Just checking.

Thanks,
Kate


CST.  That was right, right?

I'm going to have the outside lawyer involved for the purpose of turning the
revised draft, so long as you don't have an objection (objecting=volunteering
to turning the next draft!)

Kay

"Shoemaker, Kent (GEAE)" <kent.shoemaker@ae.ge.com> on 11/01/2000 03:11:13 PM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: GE Contract

Is that 3:30 CST? If so, I'll be ready.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Wednesday, November 01, 2000 4:08 PM
To: Stuart.Zisman@enron.com; kent.shoemaker@ae.ge.com;
Ben.Jacoby@enron.com; lee.johnson@ss.ps.ge
Subject: GE Contract

Gentlemen:

Attached is a draft of the facility agreement, without reference to WestLB.
It just came in, so I haven't reviewed it.

It looks like 330 tomorrow will work for this group, unless you tell me
otherwise.  I'll get back to you with the location.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/01/2000 03:04
PM ---------------------------

"Cope, Lori" <loricope@akllp.com> on 11/01/2000 03:00:50 PM

To:   "Kay Mann (E-mail)" <Kay.Mann@Enron.com>
cc:

Subject:  GE Contract

Enclosed please find clean and blacklined versions of the GE Contract.
The blackline of the Agreement identifies the changes from the draft I
sent you. Note that no blackline of the Exhibits was necessary because
it contained no references to WestLB.
Regards,
Paul

 <<HOU_554886_3.DOC>>  <<BL554888.DOC>>  <<HOU_554888_4.DOC>>
Paul J. Pipitone
Andrews & Kurth L.L.P.
4200 Chase Tower
600 Travis
Houston, Texas  77002
Phone: 713-220-4101
Fax:  713-238-7176
ppipitone@andrews-kurth.com

The information contained in this e-mail message is legally privileged
and confidential information intended only for the use of the
recipient(s) named above.  If the reader of this e-mail is not an
intended recipient, you have received this e-mail in error and any
review, dissemination, distribution or copying is strictly prohibited.
If you have received this e-mail in error,  please notify the sender
immediately by return e-mail and permanently delete the copy you
received.

Thank you.

(See attached file: HOU_554886_3.DOC)
(See attached file: BL554888.DOC)
(See attached file: HOU_554888_4.DOC)


John,
There is a re-launch of the Coast chair at the Milan Fair. It is by Magis.
This version is plastic blow-moulded ( not the original wood chair for the
Coast Restaurant)

Some of the originals recently came up for auction.

Regards

Patsy Youngstein
For Marc Newson Ltd

+44 0207 287 9388 T
+44 0207 287 9347 F

-----Original Message-----
From: John.Griffith@enron.com [mailto:John.Griffith@enron.com]
Sent: 05 March 2001 21:38
To: Patsy Youngstein
Subject: RE: Coast chair

Patsy,

I just talked to Totemdesign and they said that Magis doesn't produce the
Coast chair.  He thought that it was only produced for a restaurant, is
that true?  If not, who produces the Coast chair.

Thanks for your time.

Sincerely,

John Griffith


Jeff,

If you have the tracking number for the financial info you sent, I can track it down this morning.  Let me know.

Thanks,

Kim


I am on top of it - I talked to him by phone today.
(though my "eager beaver" battery is running on low [ha-ha])

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693

	Sara Shackleton@ECT
	03/26/2001 05:03 PM

		 To: Cheryl Nelson/NA/Enron@Enron
		 cc:
		 Subject: Re: BEAR Guarantee letter

OK, Cheryl, you thought I was kidding about needing the guaranty!  Can we
request the new guaranty now?

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 03/26/2001 05:02 PM -----

	Tom Doukas@ENRON
	03/26/2001 04:59 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: David A Wall/Risk Mgmt/LON/ECT@ECT, Jeff Kinneman/Enron@EnronXGate@ECT,
Richard Sage/LON/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Cheryl
Nelson/NA/Enron@Enron
		 Subject: Re: BEAR Guarantee letter

Just wanted to follow up to see if we have a time frame as to when the letter
will be fully executed.

Thanks,

Tom

From: Sara Shackleton@ECT on 03/22/2001 08:41 AM
To: Tom Doukas/NA/Enron@ENRON
cc: David A Wall/Risk Mgmt/LON/ECT@ECT, Jeff Kinneman/Enron@EnronXGate,
Richard Sage/LON/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Cheryl
Nelson/NA/Enron@Enron

Subject: Re: BEAR Guarantee letter

Here's a recap for everyone.
Our original negotiation with Bear (for the Securities Loan Agreement) was in
the name of ENA, and, ENA had an existing account agreement with Bear.
However, Bear insisted that the account agreement was "too old" and that we
negotiate a new agreement.  I agreed on the condition that this not hold up
execution of the Securities Loan Agreement.  We have one or two final points
remaining on the new account agreement which we'll execute for both ENA and
Enron Credit Inc.. ("ECI").  We have the authorized trader list for ECI and
are waiting for Richard to designate the new officer/director slate but we
are prepared for execution by the existing officers in London.  The
assignment instrument will be very short for transferring the ECI book from
ENA to ECI.  It will take only a few days to replace the existing ENE
guaranty for the Securities Loan Agreement.

Jeff and Sheila:  Please verify that both ENA and ECI do not  need the
Securities Loan Agreement.  I believe it is just ECI and we can transfer the
existing agreement to ECI.

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

	Tom Doukas@ENRON
	03/21/2001 12:28 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Jeff Kinneman/Enron@EnronXGate, Sheila Glover/HOU/ECT@ECT, Richard
Sage/LON/ECT@ECT, David A Wall/Risk Mgmt/LON/ECT@ECT
		 Subject: BEAR Guarantee letter

Sara,

I just spoke with Russ Miron from Bear Sterans regarding our Guaranty to
Reduce funding to 20% per side.

I had asked him about when they will be executing the agreement.  He said
that his lawyers are ready to sign but are under the impression that you have
one remaining point to resolve and that this point is holding up the
finalization of the agreement.

Is there an issue from our side?  If not we should be able to get this
execution taken care of immediately?

Thanks,

Tom
713-853-9074


Your room for 11/27 3:00-4:00 for 6people will be ECS5055.  Let me know if there are any problems.

Thanks,

Lisa Shoemake
East Power Trading
EB3125a
Off. 713-853-9194
Fax 713-646-8272


FYI.  From IEP lobbyist.  Will have more information first thing in the AM.

Best,
Jeff

-----Original Message-----
From: Katie Kaplan [mailto:kaplan@iepa.com]
Sent: Tuesday, August 21, 2001 7:40 PM

In a nutshell:

The governor and assembly leadership (without Rod Wright) have reached
agreement and believe they have the 41 votes to support the below:
o There will be a $2.9 Billion bailout that can be used to pay the QF's and
the banks, but not the generators-either directly or indirectly-and will be
recovered through a Dedicated Rate Component charged to consumers 20 kwh and
above.

o Business and consumer interests are being briefed at the moment by the
staff of Davis and Angelides on the proposal.

o The easement language is consistent with the language proposed in 78xx

o The renewable portfolio standard language is primarily consistent with
82xx however discussions on final language are continuing now.

o Regarding the transmission lines and direct access, language has not been
written and discussions are also continuing.  In fact much of the bill is
being drafted now and is said to circulate tomorrow among members.  Davis
has indicated that he wants a vote as soon as Thursday

o The Senate has not agreed, but there are staff meetings going on now.

o The CPUC has not involved in the discussions, but the administration
continues to assure that no CPUC action will be taken in contrary to the
language of the bill.

Please feel free to call with questions and as always we will keep you
posted.

Thanks,

Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
		(916) 448-9499


Becky,

I recently requested historical flow information from Questar pipeline.  In their response they indicated that they will only provide flows for the one or two locations for which Enron has capacity allocations.  Chris Gaskill indicated that you would be able to comment on whether this is consistent with the FERC 637 reporting requirements.  We wish to aquire historical flows for all metered points currently reported daily on Questars website (only 30 days history is available on their system) from June 1, 2000 to March 1, 2001.  I have attached my original request and Questar's response.  Feel free to call with questions (3-0472).  Thank you in advance.

Mathew Smith

Gerry,

Per our conversation, I am requesting historical scheduled (final cycle) quantities for Questar Pipeline meter points.  Questar previously provided flows up to June of 2000.  We are now requesting from June 1, 2000 to March 1, 2001.  I would prefer the information be emailed to me.  Otherwise the postal address is:  Rm#3299E, 1400 Smith St., Houston, TX 77002.  Please feel free to contact me with any questions at 713-853-0472.  Thank you.

Mathew Smith

 -----Original Message-----
From: 	"Lori Creer" <LoriC@questar.com>@ENRON [mailto:IMCEANOTES-+22Lori+20Creer+22+20+3CLoriC+40questar+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, May 16, 2001 5:31 PM
To:	Smith, Matt
Subject:	RE: Questar Historicals

Matt,
   It looks like Enron has only one active contract on QPC.  That is a release capacity contract from Chalk Creek to the Wasatch Front.  I can provide daily data on that point for the period during which the contract is effective if you would like.

Because we do not offer the other data you  have requested to all shippers on the pipeline, I can not respond fully to your request for historical data on all or most points on the pipeline.

Once again I would suggest that you refer to our website (www.questarpipeline.com) to begin gathering the information you need from this point forward.  I would be happy to answer any questions  you may have regarding data posted on the web site

Lori W. Creer
Supervisor Gas Measurement & Allocations
Questar Regulated Services
loric@questar.com
ph (801) 324-5349
fax (801) 324-5612


Remember this one?  Does anyone else in underwriting need to see this?  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 10/11/99 01:09
PM ---------------------------
Sean Black   10/11/99 11:42 AM

To: Dale Neuner/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
cc: Chris Holmes/HOU/ECT@ECT
Subject: Spark Spread Confirmation

Dale/Bart/Sara,

We need to clean up the confirmation and any other legal information that
accompanies it (Bart/Sara, is the attached Omnibus T&Cs we proposed to use
standard documentation or are any revisions necessary prior to sending out to
CCSI?) so that we can send this out to CCSI for their review.

Looking at the confirmation, I see the following items that need to be
revised:

Trade date/Signing date - Not yet confirmed; will insert date the deal is
closed when it is known.
Need to specify which curve to look at in the Gas Daily Index (there is a low
high and a mid or average); we did not specify which one we would refer to
previously
Do we need to replace ECT with ENA throughout??
Catalytica should be Catalytica Combustion Systems (the subsidiary not the
parent)
Need to add in details about CCSI (name/title/payment account info etc.)

Sean - I will get the info for 5 from CCSI

Dale - Could you correct number 2, advise on number 3 and review the document
again to see if any other information is lacking that should be included?

Bart/Sara  - Could you advise about the details on the Omnibus (I have
misplaced any copy of this)  I thought there were some credit issues that
needed to be filled in at the bottom of this?

If anyone else could advise on other items that need to be addressed with
either the Confirmation and/or the Omnibus agreement, now is the time!

Regards,


That was the site visits.  Here it is.


Tana,
I sent the CDA to our legal team and they had a few changes to make. Can
you make these changes and send it back?

Regards,
Dune

Content-Transfer-Encoding: 7bit
Return-Path: <Jane.Akdoruk@oracle.com>
Received: from oracle.com (dhcp-5op6-5op6-east-144-25-179-66.us.oracle.com
[144.25.179.66]) by gmgw01.oraclecorp.com (8.8.8+Sun/8.8.8) with ESMTP id
NAA02374; Mon, 13 Nov 2000 13:46:28 -0800 (PST)
Message-ID: <3A106127.A30BABDD@oracle.com>
Date: Mon, 13 Nov 2000 15:46:16 -0600
From: Jane Akdoruk <Jane.Akdoruk@oracle.com>
X-Mailer: Mozilla 4.51 [en] (Win95; U)
X-Accept-Language: en
MIME-Version: 1.0
To: Dune Thorne <dune.thorne@oracle.com>
Subject: Re: [Fwd: NDA - Oracle]
References: <3A0B33A7.27D1DC15@oracle.com>
Content-Type: text/plain; charset=us-ascii

Dune, I've reviewed the NDA and all of their changes are acceptable, except:

--  The additions to the two sentences in Section 1 don't make sense as
written, so should be restated as follows:
Any written Confidential Information will be clearly labeled "Confidential
Information" or, in the absence thereof, will be deemed Confidential
Information if it is of such nature as should be known to the receiving Party
to be confidential.  Any Confidential Information transmitted orally will be
clearly identified as such by the Party disclosing such information at the
time it is disclosed or, in the absence thereof, will be deemed Confidential
Information if it is of such nature as should be known to the receiving Party
to be confidential.

--  We can't agree to the new language in Section 10.

Feel free to forward my comments to Enron if you would like.  I would have
revised the CDA accordingly, but they use a different redlining system than we
do.

Thanks.

--
Best regards,

Jane Akdoruk
Senior Corporate Counsel
972-409-3104 Phone
425-699-0930 Fax

Dune Thorne wrote:

> Jane,
> I left you a voice message regarding the attached NDA. We have been
> working on a partnership with Enron for the past few months, and the
> division of Enron that we have been talking to has moved into a
> different group within the company. The attached NDA includes the
> language of the new group. Could you review it before we sign it?
>
> Thanks for you help.
>
> -Dune
>
>   ------------------------------------------------------------------------
>
> Subject: NDA - Oracle
> Date: Thu, 9 Nov 2000 17:11:22 -0600
> From: Tana.Jones@enron.com
> To: dune.thorne@oracle.com
> CC: Dovie.Keprta@enron.com
>
> Dear Mr. Dune,
>
> At the request of Dovie Keprta, I am enclosing our proposed form of
> Non-Disclosure Agreement.  I have also enclosed a blacklined draft showing
> the changes from the NDA you executed with Enron Broadband.  If the
> enclosed meets with your approval, please have an authorized officer
> execute two copies and return them to me for execution by Enron.  If you
> have any comments or questions, please do not hesitate to call me at (713)
> 853-3399.
>
> (See attached file: Oracle.doc)
> (See attached file: ORACLE.RED)
>
>   ------------------------------------------------------------------------
>                         Name: Oracle.doc
>    Oracle.doc           Type: Winword File (application/msword)
>                     Encoding: base64
>              Download Status: Not downloaded with message
>
>                         Name: ORACLE.RED
>    ORACLE.RED           Type: unspecified type (application/octet-stream)
>                     Encoding: base64
>              Download Status: Not downloaded with message
>
>   ------------------------------------------------------------------------
>
>   Dune Thorne <dune.thorne@oracle.com>
>   Senior Manager
>   Exchange Business Development
>
>   Dune Thorne
>   Senior Manager                 <dune.thorne@oracle.com>
>   Exchange Business Development
>                                  Fax: (650) 506-7817
>                                  Work: (650) 607-0603
>   Additional Information:
>   Last Name     Thorne
>   First Name    Dune
>   Version       2.1

 - dune.thorne.vcf


I'm available Tuesday also -- just let me know.


Are you or a designate going to this?

GP

 -----Original Message-----
From:  Enron Announcements/Corp/Enron@ENRON
[mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]  On
Behalf Of Lite Bytz@ENRON
Sent: Sunday, April 22, 2001 8:10 PM
To: ENW-Employees_Houston@ENRON
Subject: Lite Bytz RSVP

This week's Lite Bytz presentation will feature the following APPZ speaker:

Hal Elrod
CommodityLogic
Thursday, April 26, 2001

If you have not already signed up, please RSVP via email to
litebytz@enron.com by the end of the day Tuesday, April 24, 2001.

*Remember: this is now a Brown Bag Event--so bring your lunch and we will
provide

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


cassie would be fun to hang out with.  i don't know if you want to invite her
pal though.  i am sure bryan doesnt'


Are you going to be able to leave anytime soon?  If you are I'll give you a
ride.  Let me know.


Attached are the shipppers who have not paid their December transportation invoices as if 11:30 a.m. 1/15/2002.

Market Service reps - Please call your shippers if they are on this list and determine why they did not pay on the due date.  Please make comments detailing your phone call.   If you need assistance, inform the associated marketer and/or me.

thanks


----- Forwarded by Jeff Dasovich/NA/Enron on 03/06/2001 11:04 AM -----

	"Julee Malinowski-Ball" <jmball@ns.net>
	03/06/2001 10:43 AM
	Please respond to "Julee Malinowski-Ball"

		 To: "William Hall" <wfhall2@duke-energy.com>, "Tony Wetzel"
<twetzel@thermoecotek.com>, "Sue Mara" <smara@enron.com>, "Steven Kelley"
<steven@iepa.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Steve Iliff"
<siliff@riobravo-gm.com>, "Stephanie Newell"
<stephanie-newell@reliantenergy.com>, "Ross Ain" <rain@caithnessenergy.com>,
"Roger Pelote" <roger.pelote@williams.com>, "Robert Lamkin"
<rllamkin@seiworldwide.com>, "Richard Hyde" <rwhyde@duke-energy.com>, "Randy
Hickok" <rjhickok@duke-energy.com>, "Paula Soos"
<paula_soos@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>, "Marty
McFadden" <marty_mcfadden@ogden-energy.com>, "Lynn Lednicky"
<lale@dynegy.com>, "Larrea, John" <John.g.Larrea@williams.com>, "kent
Palmerton" <kent.palmerton@williams.com>, "Ken Hoffman"
<khoffman@caithnessenergy.com>, "Kate Castillo" <ccastillo@riobravo-gm.com>,
"Kassandra Gough" <kgough@calpine.com>, "Jonathan Weisgall"
<jweisgall@aol.com>, "John Stout" <john_h_stout@reliantenergy.com>, "Joe
Ronan" <joer@calpine.com>, "Joe Greco" <jgreco@caithnessenergy.com>, "Jim
Willey" <elliottsa@earthlink.net>, "Jeff Dasovich" <Jeff.Dasovich@enron.com>,
"Jack Pigott" <jackp@calpine.com>, "Jack Hawks" <jack.hawks@gen.pge.com>,
"Hap Boyd" <rboyd@enron.com>, "Greg Blue" <gtbl@dynegy.com>, "Frank DeRosa"
<fderosa@sanfrancisco.usgen.com>, "Eric Eisenman"
<eric.eisenman@gen.pge.com>, "Eileen Koch" <eileenk@calpine.com>, "Ed Tomeo"
<ed.tomeo@uaecorp.com>, "Duane Nelson" <dnelsen@msn.com>, "Doug Fernley"
<fernley.doug@epenergy.com>, "Dean Gosselin" <dean_gosselin@fpl.com>, "David
Parquet" <dparque@ect.enron.com>, "Curtis Kebler"
<curtis_l_kebler@reliantenergy.com>, "Curt Hatton" <Curt.Hatton@gen.pge.com>,
"Craig Chancellor" <craigc@calpine.com>, "Cody Carter"
<cody.carter@williams.com>, "Carolyn Baker" <cabaker@duke-energy.com>, "Bob
Gates" <bob.gates@enron.com>, "Bob Escalante" <rescalante@riobravo-gm.com>,
"Bob Ellery" <bellery@spi-ind.com>, "Bill Woods" <billw@calpine.com>, "Bill
Carlson" <william_carlson@wastemanagement.com>, "Quan-Hill, Danielle"
<danielle.quan-hill@mirant.com>, "Theo Pathos" <theo@ppallc.com>, "Susan
McCabe" <smccabe@mccabeandcompany.net>, "Scott Govenar"
<sgovenar@govadv.com>, "Ron Tom" <thackbarth@govadv.com>, "Robert Ross"
<robbiz@cwo.com>, "Phil Isenberg" <Isenberg@HMOT.com>, "Mike Monagan"
<mrmonagan@aol.com>, "Maureen OHaren" <Oharen@HMOT.com>, "Marie Moretti"
<mmoretti@mccabeandcompany.net>, "Jamie Parker" <jparker@hmot.com>, "Hedy
Govenar" <hgovenar@govadv.com>, "DJ Smith" <djsmith@smithandkempton.com>,
"Delany Hunter" <dhunter@smithandkempton.com>, "Chuck Cole"
<ccole@advocation-inc.com>, "Cary Rudman" <cjrudman@softcom.net>, "Bev
Hansen" <bhansen@lhom.com>, "Anne Kelly" <kelly@hnks.com>, "Rina Venturini"
<rventurini@teamgsi.net>
		 cc: "Jan Smutny Jones" <smutny@iepa.com>, "Steven Kelley" <steven@iepa.com>,
"Katie Kaplan" <kaplan@iepa.com>, "Chris Ellison" <CTE@eslawfirm.com>, "Andy
Brown" <ABB@eslawfirm.com>, "Doug Kerner" <runwithmee@aol.com>
		 Subject: SB 28x amended

Attached is the amended version of SB 28x (Sher/Battin) which contains
several changes to the siting process, including many sponsored by IEP.  The
bill is being heard in the Senate Energy Committee today.

Julee Malinowski-Ball
Senior Associate
Edson + Modisette
916-552-7070
FAX-552-7075
jmball@ns.net

 - sbx1_28_bill_20010305_amended_sen.pdf


Here is my outline to use while talking with Dave Delainey about Regulated
Commodity risk.

Jim


-----Original Message-----
From: 	Kitchen, Louise
Sent:	Thursday, October 04, 2001 8:06 AM
To:	Sherman, Cris; Curry, Mike
Subject:	RE: Wind $7MM

I really want it in Q4 - not Q3

 -----Original Message-----
From: 	Sherman, Cris
Sent:	Wednesday, October 03, 2001 4:59 PM
To:	Kitchen, Louise; Curry, Mike
Subject:	Wind $7MM

 Booked in 3Q, 3.5 to origination, 3.5 to trading


Gerald,

Has the Reciprocal Keep Whole and GTC been updated with the changes that are reflected below? Once these changes have been made and approved, can you send the new form to myself and Lisa Hesse/Ellen Wallumrod so that we can get the October confirmation and GTC to Mariner, Spinnaker, Forest, Cohort, and Qwest ?

Thanks,
Judy

-----Original Message-----
From: Banks, Rod [mailto:RBANKS@mariner-energy.com]
Sent: Monday, October 15, 2001 9:53 AM
To: Thorne, Judy
Subject: RE: Gas Purchase and Sales Contract

I have reviewed the Keep Whole language that was given to me at our meeting
and find the following:
1.	Refer to para. (ii), next to the last sentence. The word "fail"
needs to be plural.
2.	Please refer to the second para., 4th sentence. Seller and buyer
need to be reversed. Buyer shall pay Seller.
General Terms And Conditions
1.	Section 1, Transactions - 16th sentence, "...within ten days of
Seller's receipt...", not Buyers receipt.
2.	I understand we will eliminate the use of too many terms used to
describe the quantity. I feel the use of Baseload is sufficient.
I would like to see formal agreements (ie: Confirmation and GT&C)
incorporating the items we have discussed, including 1.) the deduction of
actual costs language 2.) Seller is responsible for all cost(s) upstream of
the delivery point and Buyer is responsible for all cost(s) downstream of
delivery point(s). Sellers right, at it's sole option, to cancel agreement
resulting from buyer's inability to move gas which is caused by Buyer's
transport. (IT or FT).
Thanks for your attention and please contact me should I be of assistance.

		-----Original Message-----
		From:	Thorne, Judy [mailto:Judy.Thorne@ENRON.com]
		Sent:	Friday, October 12, 2001 9:07 AM
		To:	Banks, Rod
		Subject:	RE: Gas Purchase and Sales Contract

		 << File: KeepWhole1.doc >> << File: TemplateGTC(Wellhead
with Keep Whole).DOC >> Rod,

		I am not sure that the email that I sent to you the other
day went
		through. I had a returned undelivered message, so I am
resending the
		documents with the changes that we discussed on Wednesday.

		Please let me know if you have any questions.

		Judy Thorne
		ENA Upstream Company LLC
		713-853-4758

		-----Original Message-----
		From: Banks, Rod [mailto:RBANKS@mariner-energy.com]
		Sent: Thursday, October 11, 2001 10:05 AM
		To: Thorne, Judy
		Subject: Gas Purchase and Sales Contract

		Thank you for your time yesterday. Please find Mariner's
legal input and
		my
		review of the Keep Whole language you provided me.

		Mariner Legal Comments and suggestions:

		1.	Incorporate in each confirmation, as the second
sentence of the
		last
		paragraph in the confirmation: "However, Section 2 of the
GTC shall not
		apply".

		Keep Whole Language comments:

		1.	At, ii, second to last sentence, the word fail
should be plural.
		2.	The first paragraph after (ii), fourth sentence, the
words
		"Seller
		shall pay to Buyer" needs to say "buyer shall pay to
Seller".
		3.	MMBTU needs to reflect a daily quantity unless ENA
intends it to
		be
		a monthly qty. Lets clarify what the official "Baseload
Quantity" will
		be.
		Lets discuss. Will this quantity change before the first of
each month?

		Thanks for your attention.

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

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


This is Mike Swerzbin's deal, Long Term Northwest desk, which he neglected to
input before our risk group started calcing. It's in there now and the number
is 474641.

And Bob Badeer just entered his TFS deals, so you should see those in there
now.

Kate

Kerri Thompson@ENRON
12/05/2000 02:49 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: natsource

missing deal

buy bpa
775.00
jan
mid c
25 mw
on peak


we need to participate in this interview process.  let me know if and when
you can participate.  sign up at the web site listed below.
---------------------- Forwarded by Scott Neal/HOU/ECT on 10/25/2000 12:49 PM
---------------------------

	Enron North America Corp.

	From:  Charlene Jackson @ ENRON                           10/24/2000 09:20 PM

Sent by: Enron Announcements@ENRON
To: All Enron Employees North America
cc:
Subject: Super Saturday Changes

The recruiting season has officially begun.  The first Super Saturday weekend
is the weekend of October 27th and 28th.  We have undergone a rigorous
interview process on campus, which will allow us to focus on &selling8
candidates that are invited to Houston for Super Saturday.  Students will
arrive on Friday afternoon and will depart on Sunday morning.  We have
activities planned for the entire weekend.  The goal is to implement a Super
Saturday process that allows for consistent and meaningful hiring decisions
while also allowing the candidates exposure to a greater number of Enron
employees.  To that end, we have made the following changes:
Friday Evening Dinner.    The dinners will be held at the same restaurant.
We will provide transportation for all candidates.  We will continue to have
small tables of six individuals that will include two (2) Enron employees and
four (4) students.  There will be a group cocktail hour at the restaurant
before the dinner.  This will enable the Enron employees to meet and evaluate
more students.  It will also give the students broader exposure to Enron
employees.
Saturday Interviews.   Interviewers will receive their interview packages
(schedules and resumes) at breakfast on Saturday morning. This will
facilitate last minute cancellations of interviewers and/or candidates.  We
have allowed time to review resumes before the interview process. To
facilitate the completion of the evaluation form on each student, the
interviewers will remain in an assigned interview room and the students will
rotate.
In prior years, the interviewers have interviewed eight (8) candidates.
Interviewers will now interview only five (5) candidates.  The remainder of
the time will be spent in the decision-making meeting. It is essential that
all interviewers attend the decision-making meeting and that all evaluation
forms are completed and input prior to the meeting.
Decision-Making Meeting.   Rather than asking the interviewers to return on
Monday afternoon, we will hold the decision-making meeting on Saturday
following the interviews and lunch.  The meetings are scheduled from 1:30 PM
to 3:30 PM and will be facilitated by members of Enron,s executive management
team.  Dave Delainey will facilitate the October 28 meeting.  Kevin Hannon,
Jeff Shankman, John Lavorato, Rick Causey and Dan Leff will facilitate
subsequent meetings.
Need for interviewers.  There has been a tremendous response to the call for
dinner participants; however, we are still in need of interviewers for each
of the Super Saturdays.  Please respond with your willingness to interview
at:  http://axis.enron.com/notice/ssinvite.asp
(When selecting dates please avoid selecting to interview candidates who
attend the schools for which you are a team member).
We thank you in advance for your participation and support of the program.


Dear Power Outage Database Customer,

Attached you will find an excel document. The outages contained within
are forced or rescheduled outages. Your daily delivery will still
contain these outages.

In addition to the two excel documents, there is a dbf file that is
formatted like your daily deliveries you receive nightly. This will
enable you to load the data into your regular database. Any questions
please let me know. Thanks.

Greg Elliott
IIR, Inc.
713-783-5147 x 3481
outages@industrialinfo.com

THE INFORMATION CONTAINED IN THIS E-MAIL IS LEGALLY PRIVILEGED AND
CONFIDENTIAL
INFORMATION INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY NAMED
ABOVE.  YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION, OR
COPY OF THIS E-MAIL TO UNAUTHORIZED ENTITIES IS STRICTLY PROHIBITED. IF
YOU HAVE RECEIVED THIS E-MAIL IN ERROR, PLEASE DELETE IT.

 - OUTAGE.dbf
 - 101101R.xls
 - 101101U.xls


Hey Mike,
Just curious if you all have given any thought to posting a MEC Market.  You have
NSP and AECI and we would sure be interested in supporting a MEC market.
How the things going for you, I am sure right now it must be a bit tense
In lieu of everything that is taking place with Enron.
I wish you well and have a Happy Thanksgiving.
Mike Hill
515-252-6755
Financial Trader
MidAmerican Energy Company


Please click on the link below and approve by proxy.  Thanks!

Molly LaFuze
Enron Broadband Services
Phone:  713.853.3005
Fax:       713.646.3271
Cel:        713.503.9760
Molly.LaFuze@enron.net

About Enron:
Most Innovative Company, 5th Consecutive Year
Quality of Management, Voted 1st in US
#18 of 100 Best Companies to Work for in America
- Fortune Magazine, February 21, 2000


Lavorato Self Evaluation/Accomplishments

I'm just simply better than everyone else.


Mike/Clint-

Water consumption/make-up at Austin is as follows:

Water Make-up rate from the water plant into the demin tank is 120 gpm
Water Usage Rate of the plant at full load is 234.4 gpm

Therefor, when the plant is not running, the tank (300,000 gallon capacity)
is filled at the rate of 120 gpm;
when the plant is running flat out, the net drawdown on the tank is 114.4 gpm
(234.4-120=114.4).

If you do the math, if you start out Monday morning at 6 am and run the plant
for 5 days a week for 15 hours a day, then come Friday evening at 9 pm, there
will
be 44,400 gallons in the tank.  It will then take you 35.5 hours to fill the
tank again which is Sunday at 8:30 am.  If you do the math, you could
potentially run the plant for a full 15 hours on Saturday, but at the end of
the day you would only have 6,240 gallons left in the tank and you could not
fill it in time for Monday morning.

GE's performance program states that the LM6000 without water injection has a
NOx level of about 200 ppm.  Our SCR reduces NOx about 80% (down to 5 ppm)
WITH water injection.  WIthout water injection and starting at 200 ppm the
SCR is probably not going to give you 80% effectiveness, but it might keep us
under the instantaneous NOx limit set out in our permit (~100 ppm).  I will
have to do a little more research on this one.

Based on some initial calculations that we did early on, with a constant
pipeline pressure, heat rate improves by approximately 50 btu/kwh (HHV) for
every 10oF of drop in ambient temperature.  When we run the plant this
summer, we can obviously get some better data.

Hope this helps,

Eric


Could  you please email me what we think are the execution version of the
letter agreement and the substantially complete llc agreement?

Also, how many execution copies will we have?

Thanks,

Kay


Notice No. 315

September 6, 2000

The New York Mercantile Exchange requests the pleasure of your company at a
reception at

The Arts Club
40 Dover Street
London W1X 3RB

Sunday, October 8, 2000
6:00 to 8:00 P.M.

R.S.V.P to Helen Wogel
by e-mail: hwogel@nymex.co.uk or
by fax: (0011) 44-20-7734-9411

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(00-315)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


10-15 Enovate.xls


---------------------- Forwarded by John Arnold/HOU/ECT on 08/17/2000 02:20
PM ---------------------------

08/17/2000 02:12 PM
Brenda Flores-Cuellar@ENRON
Brenda Flores-Cuellar@ENRON
Brenda Flores-Cuellar@ENRON
08/17/2000 02:12 PM
08/17/2000 02:12 PM
To: Jeffrey A Shankman/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT
cc:
Subject: FW: Bumping into the husband....

This is too funny.

-Bren

 - hyundai.mpeg


Great news!   Thanks.   Mark

	Peter Keohane
	03/20/2001 07:07 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: Rob Milnthorp/CAL/ECT@ECT
		 Subject: Re: Blue Range Resource Corporation

Mark, I thought you might be interested in the attached note Elizabeth kindly
sent to me.  I can't emphasize enough the number of significant issues we
were able to accomplish in Blue Range, which included not just the first
decision in Canada regarding the categorization of physicals and financials
as forward contracts (we call them eligible financial contracts) entitled to
protection under insolvency (which Elizabeth has referred to as the safe
harbor), but also included:  the first decision in Canada that a shareholders
claim against management for neglect, although normally an unsecured claim is
subordinated in insolvency; a decision confirming rights of set-off both
before and after the insolvency; and at least quadrupling our anticipated
recovery by making a bid to by Blue Range's assets out of the insolvent
estate.  Regards, Peter
---------------------- Forwarded by Peter Keohane/CAL/ECT on 03/20/2001 03:54
PM ---------------------------
From: Elizabeth Sager on 03/20/2001 03:09 PM CST
To: Peter Keohane/CAL/ECT@ECT
cc:
Subject: Re: Blue Range Resource Corporation

Peter

Just wanted to let you know that all the great work in Blue Range is paying
off in the US - citing Blue Range, a Houston bankruptcy court correctly
decided that a gas contract was a forward contract relative to the US safe
harbor provisions.  If you want a copy of the opinion let me know.

Hope all is well.

Elizabeth  713 853 6349


Jan, Did you see this?  FYI, Kim.

-----Original Message-----
From: Lokay, Michelle
Sent: Tuesday, September 25, 2001 8:29 AM
To: Buehler, Craig
Cc: Watson, Kimberly; Cormier, Martha
Subject: RE: EOL Confirmation -Transwestern Pipeline Company

Yes, this is my deal.  One part rate of .05, baseload for month of October.  Alternates at WFS-Ignacio on receipt and EPNG/Blanco on delivery.  Email address for Julie Reames is "jreames@br-inc.com"

-----Original Message-----
From: Buehler, Craig
Sent: Monday, September 24, 2001 4:53 PM
To: Lokay, Michelle
Cc: Watson, Kimberly; Cormier, Martha
Subject: EOL Confirmation -Transwestern Pipeline Company

DRAFT -  Is this your Deal?

Is it a 1-part rate?  For 10/1/01 only?  Any alternate points?
I need the email address of whomever you did this deal with.

This message is to confirm your EOL transaction with Transwestern Pipeline Company.
You have successfully acquired the package(s) listed below.  If you have questions or
concerns regarding the transaction(s), please call Craig Buehler at (713)853-6964
prior to placing your nominations for these volumes.

US Pipeline Capacity TW(Firm)

Transaction No:
Product Name:    LaMaquina-I/B Link
Time Stamp:      Sep 24 2001  2:20 pm
TW Request#:

Shipper Name:    Burlington Resources Trading, Inc.
TW Contract#:

Volume:         15,000 Dth/d

Rate:           $0.0500/d 1-part(Combined Reservation & Commodity) 100% Load Factor
                 + applicable fuel and unaccounted for

Term:            10/01/2001 only

Primary Points:         RP
                 500539 WFS LA MAQUINA PLANT I/C

                        DP
                 500545 I/B LINK

Alternate Points: NONE

Contact:         Craig Buehler Phone  (713)853-6964
                               Fax    (713)646-8085
                               Email  craig.buehler@enron.com


NYMEX Membership Services
February 15, 2001
Notice # 00-010

NOTICE OF INTENTION TO SWITCH QUALIFYING CLEARING MEMBER

 Please be advised that effective with the close of business, February 15,
2001,
Cargill Investor Services, Inc., will no longer guarantee the following
member(s):

Kevin Wagner (WAGS-7990)
Michael Marino (MRNO-3547)

 However, the above mentioned will remain a members guaranteed by FC Stone
LLC.  In connection therewith, notification of any claims against the
aforementioned individuals arising out of transactions executed on the
Exchange up to the close of business February 15, 2001, must be submitted to
the Corporate Secretary,s Office within (10) ten days.

Members and Member Firms have (10) days from the date of this notice to
advise the Corporate Secretary,s Office of any claims in accordance with Rule
2.51.

 Inquiries regarding the above should be addressed to the Member Services
Department at 212-299-2379.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(MS-10)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


In addition:  expert clauses - which ones need to be changed, when and why -
what are reversals and why we use them - how to check physical prompt month
value for potential errors - how to calculate physical prompt month value -
checking the OA Flash tab.  I am sure there are some others.

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 11/17/2000
09:21 AM ---------------------------

	Enron Capital Management

	From:  David Baumbach                           11/17/2000 09:19 AM

To: William Kelly/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Jeffrey C
Gossett/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON
cc:
Subject: Re: Class

Topics should include:  NX3 roll-off, the curveshift associate with basis NX3
roll-off and where it will show up on the p&l, what days we will roll in
index - the percentages, how to adjust percentages for fixed priced prompt
month positions, when to bring in prompt month value, how to put liquidations
in the physical P&L, how to roll the physical and financial p&l's, etc.

Any suggestions?

Dave

	From:  William Kelly                           11/17/2000 08:59 AM

To: Kam Keiser/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Darron C
Giron/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON
cc: Jeffrey C Gossett/HOU/ECT@ECT
Subject: Class

Our next class will combine EOM bench/NGP&L and P&L procedures.  We will hold
the class Tuesday @ 9:30 and combine both groups 1&2 for one class.  Jeff
would like to go over the bench and NGP&L process for 45 minutes or so, and
the rest of the class will be handled by Dave and Kam.  I will leave it to
you 2 to decide who will talk about what.  Lets get together on Monday to
brainstorm.

WK


**Clarification**

Harassment Prevention Training

This training is mandatory for all Enron employees employed since the last
seminar was conducted  in late 1998 or early 1999.  Those who have already
attended Enron harassment avoidance training will be offered a refresher
course in avoiding and preventing harassment.

To contribute our personal best at ENRON, our conduct must promote respectful
and co-operative work relationships. Workplace harassment conflicts with
ENRON's vision and values and violates Company policy.  Harassment also can
violate federal and state laws.  By understanding what harassment is and its
potential harm, we can prevent it in our workplace.

During this training you will:

 Be able to recognize harassment
 Learn to take precautions against being harassed
 Learn to avoid being considered a harasser
 Know how to address a situation involving harassment
 Learn how harassment prevention is consistent with ENRON values

Please click here (  )  to sign up for the session of your choice.    If you
have problems registering or have any questions, please call 713 853-0357.

We are pleased to announce that all employees of EWS and EES will receive
harassment prevention training.

The dates and times available for the sessions are:

 Friday, Feb 23; 1:00 - 2:30; 2:45 - 4:15
  Monday Mar 5; 1:00 - 2:30; 2:45 - 4:15; 4:30 - 6:00

All training sessions will be held in the LaSalle Room at the DoubleTree
Hotel.
There is a $50 charge for each attendee in the training session.


Nope

 -----Original Message-----
From: 	Whitehead, Jonathan
Sent:	Tuesday, October 16, 2001 11:04 AM
To:	Kitchen, Louise
Subject:	Shankman...

...knows. Eric didn't tell him. Did you mention it to him?

J


We are now finished with the Spring 2000 schedules. If you call InfoBEARS
at 510-642-9400, you should be able to access your spring schedule.
Alternatively, you can go to InfoBEARS via bearlink.berkeley.edu  If you
have problems, let me know. DISREGARD waitlist numbers in InfoBEARS. I will
send waitlist numbers tomorrow that are correct.

If you wish to make further modifications to your schedule, you may do so
beginning January 18, 2000.

Shawn

_________________________________________
Shawn Allison, Associate Director
Evening MBA Program, Haas School of Business
University of California, Berkeley
Tel (510) 643-0435 Fax (510) 643-5902


Start Date: 2/6/02; HourAhead hour: 7;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020607.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.


Mr. Lay:

I do not know who is left in EES or Corporate HR to send this to.

I was severed Oct 5 and have two severance payments due on 31 Dec and 31 Jan.
 Will Enron pay these?  Since I signed a waiver not to sue Enron, can I
participate in the bankruptcy proceedings if Enron does not pay?  Also, there
are  quite a few previously severed employees who have questions, would you
add information to the website regarding our status regarding payments etc.

Regards,

Pete van de Gohm
Former Director Information Asset Protection EES


Attached are the discussion notes for the 1:30 PM meeting today (EB-1336) with Dan McCarty and Rod Hayslett.  The "TO: list" will be in attendance, the "CC: list" are unavailable for this meeting.

JNG


You have received this email because the requester specified you as their
Manager. Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000035276&Page=
Approval to review and act upon this request.

Request ID          : 000000000035276
Request Create Date : 5/16/01 2:37:38 PM
Requested For       : lance.schuler-legal@enron.com
Resource Name       : Cynet Desktop Faxing
Resource Type       : Applications


Attached are clean and redlines of the revised docs.  I forwarded the clean versions to Brian Stone prior.

Jessica,  Barry asked for 5 copies of the attached on his desk in the morning for his review.


Fred:

You are in way over your head!
  -----Original Message-----
  From: RJDOMER@aol.com [mailto:RJDOMER@aol.com]
  Sent: Tuesday, October 09, 2001 10:28 PM
  To: eolimpio@bellatlantic.net; rkampmann@yahoo.com
  Cc: jyazzo@naic.org; sussmann@erols.com; tuck@pinehurst.net;
kevin.ruscitti@enron.com; MANNYSAK@aol.com; rschwartz@treesoft.com;
neil.pollio@gs.com; PReist@seligmandata.com; GOliver569@aol.com;
Pattinunn@aol.com; kevin.w.o'shea@chase.com; neil@gtmcgovern.com;
michael.j.miller@chase.com; richard.j.moller@marshmc.com;
rlangell@brainpower.com; brett122@bellatlantic.net; malaga7@yahoo.com;
jkampmann@meaengineers.com; rajk@bloomberg.com; Pegh777@aol.com;
james.bartie@chase.com; djuliana@msn.com; pgould@bofasecurities.com;
sgrossmann@att.com; gspot2001@hotmail.com; martin.f.gilligan@marsh.com;
TEDDYFITZ@compuserve.com; DGarrett@aol.com; Eveland@aol.com;
ddistaso@cit.com; philip_emma@yahoo.com; JClaffey@brwncald.com;
conway77@earthlink.net; coyle.2000@att.net; rgcrise@gateway.net;
jbrusak@att.net; rbuono@microsoft.com; CMCASTAGNA@att.net; VLA2@cornell.edu;
cbondy@stanfieldcp.com; brooksgo@wellsfargo.com
  Subject: Re: you are a dork

  Ed,

  Sorry, but I must concur with Mr.Claffey.

  I do believe the question posed asked to list specific outfield postions
(ie: Leftfield, Centefield and Rightfield) which your suprisingly quick
response failed to address.  Most of the great ballplayers played certain
"outfield" positions based on their fielding abilities or lack thereof to
play the other outfield positions.

  I'll let you slide (barely) on your broad references to "outfield" on
Roger Maris and Dale Murphy and Barry Bonds, however,

  No true baseball expert would ever be so casual as to list Mickey Mantle's
position as simply "Outfield"

  I believe you owe baseball fans, especially the Yankee snobs (I was always
a Mets fan) an apology for so boldly disrespecting the position of
Centerfield.

  Rob


Please prepare a draft ISDA for Allied Waste Industries, Inc. in accordance
with the attached ISDA Swap Agreement Information Sheet.  Pleave provide a
draft to Michael Moulton and carbon me.  Thanks.

Michael has put a priority on this, so please expedite.  Thanks.


---------------------- Forwarded by Susan M Scott/HOU/ECT on 09/18/2000 03:24
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Ashleastu@aol.com                           09/17/2000 04:19 PM

To: sarah_c_buck@hotmail.com, jennyreese@hotmail.com,
rebeccacooke@hotmail.com, carey_elizabeth@yahoo.com, jkbowles@hotmail.com,
Susan.M.Scott@enron.com, ashley.craddock@ac.com, Lisa.A.Meador@chase.com,
kendle.r.ege@us.arthurandersen.com
cc:
Subject: Fwd

> IT MAKES YOU THINK
> Sometime in between moving into
> the dorm,
> And begging for an ID,
> Somewhere in the middle of an 8
> o'clock class,
> And watching Friends on our 8 inch
> TV.
> Sometime after the night you
> forgot,
> With the guy you don't remember.
> Maybe before the five tests in
> three days,
> Or the party every night in
> September.
> Sometime in the car on the way to
> Daytona,
> For the road-trip of the year.
> After class gets out with that gay
> TA,
> After you finish the last warm
> beer.
> Shortly after you figured out,
> This newfangled 'e-mail' thing.
> And after you stopped dreaming
> about,
> The fun a 21 ID would bring.
> Maybe the morning after you pulled
> the all-nighter,
> But finally got the paper done,
> Or maybe when you can't remember,
> The last Sunday night you had fun.
> Somewhere between the day you met
> your dorm roommate,
> And you were sure you got one of
> the duds,
> And the day 4 years later when
> she's still your roommate,
> And she's one of your best buds.
> Definitely after you realized how
> lucky you are,
> To have such a great group of
> friends,
> And after you get that sick
> feeling in you stomach,
> Wondering what will happen when it
> ends.
> Maybe on the beach for spring
> break,
> Hot sun, tan bodies, cold beer.
> Maybe after you started looking
> for a job,
> And your happy world turned to
> fear.
> Soon after you discovered there's
> just not enough time,
> To do everything you should.
> But not before you realized
> Thanksgiving dinner,
> Never tasted so good.
> Sometime after the day your
> parents came to visit,
> So you were forced to make your
> bed.
> Or the morning after a tough night
> at the bars,
> And you can't believe the things
> you said.
> Sometime after you enjoy the
> beautiful weather,
> Though it means missing a class.
> >Probably after laughing on
> Homecoming weekend,
> Watching old alumni drunk off
> their collective ass.
> Somewhere between day one and year
> four,
> The best years of your life were
> spent.
> And looking back with a smile and
> a sigh,
> You wonder where those years went.
> You try to figure out who made you
> a victim,
> Of the most serious crime,
> You offer a reward for any
> information leading,
> To the one who stole the time.
> The day is coming closer, and
> closer,
> Until one day it will be your
> last,
> And someone is guilty of doing
> this to you,
> The years have gone way too fast.
> Sometime when you were too busy to
> notice,
> Happy as a newborn pup,
> Someone came along and did the
> unthinkable.
> Somebody grew us up.
>
>   >
>
> ______________________________________________________
> Get Your Private, Free Email at http://www.hotmail.com
> <http://www.hotmail.com>
>
>
>
> _________________________________________________________________________
> Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
>
> Share information about yourself, create your own public profile at
> http://profiles.msn.com.


The last attachment was a sample term sheet between CSFB and the counterparty
that I received from CSFB


Though I didn't have a problem with the course agenda, I'm comfortable with
the alternative.


(See attached file: HPLN0425.xls)

 - HPLN0425.xls


Very good stuff.  I will get back to you later.

Jon Chapman
11/15/2000 09:37 AM
To: Peter Keohane/CAL/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT
Subject: Yes but...........

I'm afraid I'm still none the wiser . Anyway , points of history : (1) Yes ,
we did , technically , lose the American War of Independence but it was
because we got sick of it and had other "fish to fry" in Asia and Africa ,
plus it was really a civil war because the people who "beat" us were ,
largely , first or second generation "Americans" and , therefore ,  Brits
(for example , George Washington's family home is still there close to my
home town of Sunderland in North-East England ) and (2) we never lost to the
French , we agreed to give them the worst bit - Quebec - in return for some
tastier possessions elsewhere .

Yours respectfully

Jon

	Enron Capital & Trade Resources
	Canada Corp.

	From:  Peter Keohane                           15/11/2000 16:25

To: Jon Chapman/LON/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT

Subject: Re: Nice VP and possibly Pres.

That fact that you asked "who?" begs the further question of what exactly you
were up to in Houston.  Have the Brits ever really won a battle any way?
(Their failure to beat a bunch of colonized farmers with pitch forks has
resulted directly in this Florida mess, and their failure to put away the
French (of all people) has resulted directly in me and the vast majority of
my fellow Canadians being subjected to official and legally mandated
bilingualism).

To the point, I believe San Felipe is the battle field adjacent to the
Westheimer battle field, where the Brits (or at least one of them) were
purportedly waging a more efficient war, until being caught red handed on the
battle fields of San Felipe, where, all the while, the Canadian forces (or at
least one of them) were so successfully conquering the enemy.

Peter.

Jon Chapman
11/15/2000 06:43 AM
To: Peter Keohane/CAL/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT
Subject: Re: Nice VP and possibly Pres.

Who or what the ****ing hell is San Felipe - I don't remember the Brits ever
winning a battle there .

Jon

	Enron Capital & Trade Resources
	Canada Corp.

	From:  Peter Keohane                           14/11/2000 18:35

To: Tana Jones/HOU/ECT@ECT, Jon Chapman/LON/ECT@ECT
cc:

Subject: Nice VP and possibly Pres.

When I look at Al Gore I continue to be amazed that one, let alone 50
million, Americans voted for him.  Both Clinton's and Gore's continued
shamelessness, and disregard for doing the right and decent thing, is only
slightly less amazing than the American people (or at least half of them)
continuing to find reasons to support them.  My only, yet substantive, vested
interest in the outcome is that we are inundated with US T.V. and I can't
bear the thought of looking at Gore (and God forbid Hillary) for the next
four years.  If they don't settle this Florida thing, I am going to have it
have my cable disconnected.

We vote in our federal election on November 27th.  We will not have any such
problems however - not because we are any better than anyone (in fact, I am
not entirely confident that most of my fellow Canadians will understand, or
have ever have understood, the ballot or voted for who they thought they were
voting for) - but rather because of the political system which Jon's
ancestors were so kind to bestow upon us, which I refer to as "parliamentary
dictatorship''.

(Sorry Tana if you are a Democrat, but that is the independent middle of the
road - yeah right - view of a Canadian observer.  Jon, I cannot, however,
apologize for the political ruin which your system of Government has brought
upon us, other to acknowledge that the problem my not be the system but
rather our screwed up regionalization of your unified parliamentary system
into 11 separate parliamentary systems - and I suppose that could be
construed as an apology of sorts, except, for the record, I will never
apologize to you for anything until you make a public, i.e. to Tana and me by
e-mail, confession of your sins on San Felipe.  For that matter, you are as
bad as Clinton and Gore.)

Peter.


[IMAGE] Forums Discuss these points in the Forums:  Forexnews Forum       Technicals Live Charts Analysis available from: Cornelius Luca   J.P. Chorek   Technical Research Ltd.   Charts & News featuring Standard & Poor's       Interest Rates   US: Japan: Eurozone: UK: Switzerland:   1.75%  0.15%  3.25%  4.0%  1.25-2.25%       [IMAGE] 	 [IMAGE]  Japanese Forex Trading Preview  December 23, 7:00 PM: EUR/$..0.8967 $/JPY..129.52 GBP/$..1.4367 $/CHF..1.6507  Japanese Forex Trading Preview by Jes Black  No Key Data Today  The dollar went into the Christmas holiday season with a bang, ending Friday's US session up nearly 1.5% to against the euro at 88.67 and climbing to a fresh 3-year high 129.66. Supporting the dollar was the third consecutive rise in the University of Michigan Consumer Sentiment survey to 88.8 in the final December reading from the preliminary 85.8. This contrasted with lower than expected data from the Eurozone and the Bank of Japan's seventh straight month of lowering their assessment of the economy. Optimism for the US economy showing signs of recovery was enough to render the downward revision of Q3 GDP to 1.3% a mute point. Confidence in a forthcoming rebound was also enough to offset a 0.7% fall in consumer spending and a 0.1% fall in personal income.  EUR/USD fell to a low of 88.55 on Friday, undermined by a steep selloff in EUR/JPY to a low of 114.50 after failing to maintain gains above 116. Dealers took profit from the euro's 6-week climb against the yen to a fresh 2-year high of 116.61 on Friday. Dealers also noted that the pair had been on a steady decline since hitting a 6-week high of 90.78 on Monday and its failed attempts at maintaining above 90-cents were an ominous sign.  GBP/USD was also dragged lower by the fall in EUR/USD as well as losses in GBP/JPY. Cable hit a 10-day low of 1.4344 as sterling shed most of its 3.5-yen rise to a new 2-year high of 188.26. Nevertheless, the pound reached a 5-week high of .6156 against the euro as broad based weakness in the single currency weighed it down. Aside from euro weakness, sterling was also supported by remarks from Bank of England Governor George who said that there was a serious risk from a one size fits all monetary policy and that the persistent weakness of the euro was creating problems for the British economy. This highlighted the risk of the UK joining the euro given the ECB's reluctance to stimulate the economy despite the global downturn. Support is viewed at 1.4350, 1.430 and 1.4275. Upside capped at 1.4475, 1.4515 and 1.4550. The next key resistance is seen at 1.460- the upper bound of the downward channel between the October 8 high of 1.4829 to the December 17 high of 1.4607, and then 1.4755- the upward limit of the downward channel between the January 12 high of 1.5101 and the October 12 high of 1.4829.  USD/CHF skyrocketed by 2 centimes to a 1-week high of 1.6550 on dollar strength after the Swiss franc had reached a 4-day high of 1.6286. Safe-haven flows were seen boosting CHF as money flowed out of emerging markets following the announcement Argentina's debt crisis. Fears of default inflamed fears about Argentina's fragile economic situation, and prompted considerable purchases of the franc though that effect has since subsided. Resistance is seen at 1.6550, 1.6585 and 1.6650. Support stands at 1.6465, 1.640 and 1.6370. In contrast, the Swiss franc made headway to a 3-week high of 1.4598 against the declining euro.  Today's Asian trading session is likely to be marked by thin liquidity but dealers will remained focused on any comments coming out of Japan after last week's remarks showed little concern for a weaker yen. Japan's Ministry of Finance added fuel to the yen selling following international bureau chief Mizoguchi's reiteration that that the recent sharp decline was merely a correction of its excessive strength this summer. Dealers noted that the welcoming of a weaker yen could put JPY under further pressure in thin holiday trade this week. However, the focus from here will be how Japanese, US and Chinese officials react if USD/JPY passes 130 because of the trade implications of such a weak yen. But so far, traders in New York said it was not yet clear if the market would find the drive to test the psychologically critical 130 level this week after such a sharp run up in USD/JPY last week.  	[IMAGE] Audio Mkt. Analysis USDJPY Breaks Above 129       Articles & Ideas  2002: Euro Deja Vu?   USD/JPY: The Return of Dollar Rhetoric?       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE]
		[IMAGE][IMAGE] [IMAGE][IMAGE]
		  This e-mail is never sent unsolicited. If you wish to unsubscribe from this or any other Forexnews.com newsletters, please click here .


David:

Please send an email request to Cassandra Schultz and Veronica Valdez
requesting that the following Enron Credit Inc. traders be added to the ENA
Authorized Trader List (for the purpose of using ENA executed ISDA Master
Agreements in the credit trading area, such as Swiss Re and First Union
National Bank):

Jeff Kinneman
Nicholas Stephan
Paul Pizzolato

Please copy me and Marie Heard.  Call if you have any questions.  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


Gerald,

 I spoke with Jennifer Whitney regarding paperwork and orientation. I
am scheduled to meet with Jennifer at 8:30 a.m. on 21 May 2001. After
completing the requisite paperwork, I am scheduled to report to your legal
department. I just wanted to inform you so that you know what I will be
doing on the morning of the 21st.

 See you on Monday,

 Majed Nachawati

> -----Original Message-----
> From: Gerald.Nemec@enron.com [SMTP:Gerald.Nemec@enron.com]
> Sent: Tuesday, May 15, 2001 3:41 PM
> To: nnachawa@Central.UH.EDU
> Subject: RE: Starting Date
>
>
> Give Molly a call and check with her.  She may want you to report to her
> first.  Otherwise we'll see you on the 21st.
>
>
>
>
>
>                     "Nachawati,
>
>                     Nabil, M"              To:
> "'Gerald.Nemec@enron.com'" <Gerald.Nemec@enron.com>
>                     <nnachawa@Centr        cc:
>
>                     al.UH.EDU>             Subject:     RE: Starting Date
>
>
>
>                     05/15/2001
>
>                     02:30 PM
>
>
>
>
>
>
>
>
>
> Gerald,
>
>      I hope everything is going well in the office. The start date
> remains the same (May 21st). I wanted to know if I report to you on the
> 21st, or if I need to report to Molly Magee in Human Resources for anymore
> paperwork, etc.?
>
> Talk to you soon,
>
> Majed Nachawati
>
>
> > -----Original Message-----
> > From:   Gerald.Nemec@enron.com [SMTP:Gerald.Nemec@enron.com]
> > Sent:   Tuesday, May 15, 2001 10:59 AM
> > To:     nnachawa@Central.UH.EDU
> > Subject:     RE: Starting Date
> >
> > Majed,  Wanted to make sure you are still scheduled to start on May 21.
> > Let me know if anything has changed.  Thanks.
> >
> >
> >
> > ----- Forwarded by Gerald Nemec/HOU/ECT on 05/15/2001 10:57 AM -----
> >
> >
> >                     "Nachawati,
> >
> >                     Nabil, M"              To:
> > "'Gerald.Nemec@enron.com '" <Gerald.Nemec@enron.com>
> >                     <nnachawa@Centr        cc:
> >
> >                     al.UH.EDU>             Subject:     RE: Starting
> Date
> >
> >
> >
> >                     04/17/2001
> >
> >                     06:01 PM
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Gerald,
> >
> > I hope everything is going well with respect to your work load! I know
> > that
> > you are probably very busy with conference calls. Anyway, I look forward
> > to
> > working in your department this summer. I have already taken my drug
> test,
> > and have given Molly Magee my start dates (tentatively with your
> > approval).
> > I have my start date scheduled to commence on May 21, 2001 and end on
> June
> > 29, 2001. I hope these dates coincide with your schedule. Please e-mail
> me
> > and let me know.
> >
> > Looking Forward to this summer,
> >
> > Majed Nachawati
> >
> >
> >
> > -----Original Message-----
> > From: Gerald.Nemec@enron.com
> > To: nnachawa@Central.UH.EDU
> > Sent: 4/17/2001 5:09 PM
> > Subject: Starting Date
> >
> > Nabil,  Can you please provide the dates that you are planning on
> > working
> > for the 1st half of the summer. I called your residence earlier today,
> > but
> > your machine did not pick up.    It is probably easier to communicate
> > via
> > email since we both keep missing each other.  Thanks.
> >
> >
> >
>
>


Unless Cisco did a complete 180, they are opposed to the plant.  Give a call
if you want to talk more about siting in CA.  415.782.7822.
Best,
Jeff


----- Forwarded by Sara Shackleton/HOU/ECT on 08/21/2000 10:25 AM -----

	Mark Taylor
	08/21/2000 10:12 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Delta III

----- Forwarded by Mark Taylor/HOU/ECT on 08/21/2000 10:12 AM -----

	MDunn1@milbank.com
	08/21/2000 10:17 AM

		 To: amanda.angelini@ssmb.com, rick.caplan@ssmb.com, steve.incontro@ssmb.com,
doug.mcdowell@enron.com, craig.clark@enron.com, ryan.siurek@enron.com,
gareth.bahlmann@enron.com, clint.walden@enron.com, kevin.d.jordan@enron.com,
mark.taylor@enron.com, carol.stclair@enron.com, brent.vasconcellos@enron.com,
annmarie.tiller@enron.com, Kimberly.r.Scardino@us.arthurandersen.com,
Fcochran@velaw.com, acurry@velaw.com, jnr@maples.candw.ky
		 cc: FPuleo@milbank.com, EMoser@milbank.com, MMottesi@milbank.com,
JFalzon@milbank.com, BDailey@milbank.com, MDunn1@milbank.com
		 Subject: Delta III

??????? Please find attached, subject to further internal review, the Delta
III closing list.

 <<Delta III - Closing List.doc>>

Michael B. Dunn, Esq.

Milbank, Tweed, Hadley & McCloy LLP

1 Chase Manhattan Plaza

New York, NY? 10005

Telephone: (212) 530-5435

Facsimile: (212) 530-5014

E-Mail: mdunn1@milbank.com

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - Delta III - Closing List.doc


Teco Tap       20.000 / Enron ; 5.833 / HPL IFERC ; 94.167 / HPL Gas Daily

LS HPL LSK IC       30.000 / Enron


I will be happy to review change order #5, and present to GE for their review
and approval.  First, it needs to be prepared by someone involved with the
project, and Finance needs to be notified that additional funding will be
required, if they don't know already.  As I mentioned in my email, there
needs to be a definitive decision made as to whether the change order should
be funded out of WestLB (prior to December 15) or will be funded through
TurboPark.

I faxed change order #2 to Al so that he has the form.  If this will be
funded through WestLB, the current contract value is $352,289,400.

Here is the electronic form:

Kay

Jeff G Slaughter@ECT
12/01/2000 03:08 PM
To: Kay Mann/Corp/Enron@ENRON
cc: Alan Larsen/PDX/ECT@ECT, Ben Jacoby/HOU/ECT@ECT

Subject: Re: Fountain Valley

Kay,

Just wanted to let you know if Al has not already done so, the stacks we were
referencing were for an additional 2 stacks for a total of 6, CO no 2, that
we are aware of, is for only four.

 Please let us know if you need anything else to get the additional two
stacks ordered.

Thanks for your support!

Jeff

Kay Mann@ENRON
11/30/2000 06:03 AM
To: Alan Larsen/PDX/ECT@ECT
cc: Jeff G Slaughter/PDX/ECT@ECT, Ben Jacoby/HOU/ECT@ECT
Subject: Re: Fountain Valley

Wow, I didn't know I could control anything!

Change order 2 was initialled by Dale and signed by Chris on November 2, re
stack extensions.  I also have a hand marked up change order form from Ed
Danhaus referring to brush power system stabilizers.  Is this what you are
looking for?

The procedure has been that the project team/attorney prepares the draft of
the change order (or has EECC do it), I give it a sanity check and arrange
for signature from GE.

The issue now would be whether this change order should be processed in the
next week, or be a change to the break out contract.  I do not believe the
cost has been included in the payment schedule.

Please give me a call if you would like to discuss this.

Thanks,

Kay

Alan Larsen@ECT
11/29/2000 06:41 PM
To: Kay Mann/Corp/Enron@Enron
cc: Jeff G Slaughter/PDX/ECT@ECT

Subject: Fountain Valley

Kay--In forwarding to Jeff Slaughter, who is on the commercial team for the
Fountain Valley (PSCo) project, your note regarding transportation of large
equipment items, Jeff mentioned that in your role with regard to GE change
orders, you apparently have control over  a change order for this project for
2 additional stacks.  Jeff asked if I could use my good offices, such as they
are, to ask you to provide a change order, I believe to the attention of Ed
Dannhaus at EE&CC.  Thanks for your assistance.
 Al Larsen


Dear Member of the Computer & Technology Section:

Our records indicate that you are a member of the Computer &
Technology Section of the State Bar of Texas, yet are not currently
subscribed to our Tech Tips email list, so we wanted to send you
a notice in the event  you  wish to subscribe to this free service from
the Computer & Technoilogy Section of the State Bar of Texas.

Subscribe by going to the mailroom on our website at
http://www.sbot.org/mail

Thank you,
Postmaster, Computer & Technology Section
mailto:postmaster@sbot.org


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 02/22/2001
04:47 PM ---------------------------

Jason Williams
02/21/2001 10:09 AM
To: Hunter S Shively/HOU/ECT@ECT
cc:
Subject: Price Conversion Memos for Peoples and North Shore for March 2001
business

---------------------- Forwarded by Jason Williams/HOU/ECT on 02/21/2001
10:08 AM ---------------------------

j.slechta@pecorp.com on 02/21/2001 10:04:15 AM
To: jason.williams@enron.com
cc: Akkerman@21stCentury.net, Barbara_G_Dillard@enron.com,
mark.mixon@enron.com, s.holler@pecorp.com, t.smith@pecorp.com,
w.morrow@pecorp.com, r.delara@pecorp.com, c.blachut@pecorp.com,
d.wear@pecorp.com
Subject: Price Conversion Memos for Peoples and North Shore for March 2001
business

Jason,
 Attached are the March 2001 FOM to Gas Daily price conversion
letters for Peoples Gas and North Shore.  Please forward this information to
Hunter.

    Thanks,
     Jer
 <<March 2001 PGL conversion of citygate gas.doc>>  <<March 2001 NSG
conversion of citygate gas.doc>>

----------------------------------------------------------------
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
dissemination or other use of, or taking of any action in reliance
upon, this information by persons or entities other than the
intended recipient is prohibited. If you received this in error,
please contact the sender and delete the material from any computer.

 - March 2001 PGL conversion of citygate gas.doc
 - March 2001 NSG conversion of citygate gas.doc


Carolyn:
Thanks.  If there is some discreet way to check with Mark, Anne, Tana and
Mary about this I would really appreciate it.  I'm guessing that the gift
came from Anne.  Again, it was from Baby Gift on University Blvd. and it was
2 one piece outfits - 1 with an Elephant/Turtle/Bear design and 1 with a
Monkey design.  Thanks for your help.
Carol

	Carolyn George@ENRON
	06/12/2000 12:21 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: Shower Gift

Carol,

None of the attendees you mentioned participated in the group gift.  If you
need help finding who the gift was from, let me know and I will do some
checking.

Carolyn


Some lawyers outside the swaps/Enron Net Works group are inquiring about
attending the CFMA session we have scheduled with Ken Raisler for Monday,
March 5th.   The CFMA raises a number of issues that are of interest
throughout the Enron Wholesale Services legal department, and I think a
presentation to the entire EWS group will probably be in order at some point.

However, I think it is important that we keep the March 5th session specific
to the swaps/Enron Net Works group.  This is meant to be more of a
question-and-answer "workshop" session rather than a "big-picture"
presentation of the new law.   My concern is that if too wide a variety of
questions and issues are raised, we will not have enough time to focus on the
detailed financial trading issues and the appropriate form changes we need to
discuss with Ken.

Please help me in keeping attendance at the appropriate level so that we may
have a productive and focused session.  Thank you -- Bob

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


Kay--I can confirm to you that under Virginia case law, it appears that the
parties to a contract can agree to exclude consequential damages.  Also,
there is no implied duty of good faith and fair dealing under current case
law. A memo regarding these conclusions is attached.

 - VALAWMEM.DOC


Can you guys meet Tuesday mid-morning to discuss placement of the j9 issue into the rolls?!

Thanks!
Casey

-----Original Message-----
From: Zheng, Min
Sent: Wednesday, January 16, 2002 12:19 AM
To: Evans, Casey; Evans, Casey
Subject: A plan to complete the "J9" issue

Casey,

A plan to complete the "J9" issue has been reached.

Basically, the solution is based on the following key point:
The number that is used to correct "J9" is from "Swap Liq.xls".

Swap Liq.xls procedures and functions are:
1: manually Via PortCol to ftp two files to local PC
2 gets a comparison result between a pare of swap liq under the same region/book based on the two files

The design for this project is:
1: to save time, AUTOMATICALLY/DIRECTLY AND  WITHOUT Via PortCol  to ftp all files to a M Folder. The files are belonged to a giving portfolio and date
2. compare Swap Liq for all pair files (for every pair,  the comparison result  just is exact as current "Swap Liq.xls")
3. if a difference is found from a pair files,  then value in "J9" in the desk tab and the region roll file will be changhed to "J9 minus the number" and the number also will be put in the column based on the date
4. the partially or all of above procedures may with or separate from DprAutomation if there is necessary

I need confirm with you about EXACTLY PROCEDURE about HOW TO GET THE NUMBER FROM "Swap Liq.xls" to  correct "J9". One of the macros will basically functions the way you give to me.

Also what is the title for new column in roll file for Swap Liq.

The short term goal for this project is to try to make J9 work at the correct way under acceptable time period (in 20 minutes for a portfolio) before Netco starts trading. Long term goal will be speed and better interface or even reach a solution to take care this once for all from AdHoc database table.

Please let me know when you have chance to guide me through/or e-mail the procedure about how to get the number to correct J9.

Please let me know if there is any concern.

Thank you very much!

Min Zheng


Hi Heather, Jeff and Ozzie,

The only issue I have with the testimony is the statement that the units are
"extremely quiet".  At this point FCE will only guaranty 60dba, which some
folks might not consider to be extremely quiet depending on how close a
facility is to their house.  You may have determined that the noise level
will be some number less than 60 dba so that the guaranty level does not
reflect the expected noise level.

Kay


Bid Cycle Schedule for 2002

** All meetings will be held from 1:30 - 2:30 pm

January	24th	Oma696/EB42C2

February	21st	Oma696/EB42C2

March	21st	Oma696/EB42C2

April	25th	Oma696/EB42C2

May	23rd	Oma696/EB42C2

June	20th	Oma696/EB42C2

July	25th	Oma696/EB42C2

August	22nd	Oma696/EB42C2

September	26th	Oma696/EB42C2

October	24th	Oma696/EB42C2

November	19th	Oma696/EB42C2

December	19th	Oma696/EB42C2

Rosemary Gracey
Marketing - 402/398-7431
rosemary.gracey@enron.com


I've had no list come throught with this counterparty.  What's the scoop?
Will it be on tomorrow's list?


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From: "Ybarra, Ruben M SIEP" <rmybarra@Shell.Com>
To: "2nd Jen (E-mail)" <jennifer.valencia@us.arthurandersen.com>,
"Barbara (E-mail)" <bswaldrop@aol.com>,        "Be Good (E-mail)"
<kgood@intergen.com>,        "Brian Wainwright (E-mail)"
<bwainwright@stl-inc.com>,        "Carver (E-mail)" <carverjohn@yahoo.com>,
     "Charlotte (E-mail)" <cdevitt@radocs.com>,        "Cindy G. (E-mail)"
<cgunn00@earthlink.net>,        "Crystal B. (E-mail 2)"
<CBrown5530@aol.com>,        "CyberCat (E-mail)"
<wschultz666@yahoo.com>,        "Da Schwarz (E-mail)"
<JSchwarz@naismith-engineering.com>,        "Flange-Man (E-mail)"
<tlflgman@federalflange.com>,        "Flap Jack (E-mail)"
<jakeguerrero@hotmail.com>,        "Jam Masta J (E-mail)"
<jasonpreed@netscape.net>,        "Cooper, Kevin KS SIEP-EPT-DD"
<kscooper@Shell.Com>,        "Jennifer Sorensen (E-mail)"
<JennS75862@aol.com>,        "Kimberly W. (E-mail)"
<wristers@bcm.tmc.edu>,        "Kirkham, James R SIEP-EPT-DD"
<jkirkham@Shell.Com>,        "Knolle-machine (E-mail)"
<joeknollejr@earthlink.net>,        "Kris (E-mail)"
<thewoo@hotmail.com>,        "Lium (E-mail)" <jlium@luminant.com>,
"Loootha (E-mail 2)" <SEAN.HALL@house.state.tx.us>,        "Mercedes
(E-mail)"  <mercedesgamboa@usa.net>,        "Pam Anderson L. (E-mail)"
<PLangmaid@coral-energy.com>,        "Pitzer (E-mail)"
<PITZER3@aol.com>,        "Q' (E-mail)" <nicole_levert@hines.com>,
"Rhino (E-mail)"  <CThompson@naismith-engineering.com>,        "Sharol
(E-mail)"  <sbatey@estesinc.com>,        "Sissy (E-mail)"
<DHelmer@wilsononline.com>,        "Skinny Minny (E-mail)"
<Brenda.Pargas@KELLY.AF.MIL>,        "Smejk (E-mail)"
<Stephen_W_Smejkal@reliantenergy.com>,        "Sneed, Tom TS SIEP"
<tsneed@Shell.Com>,        "Steph (E-mail)" <speche@swschool.org>,        "Su
Su (E-mail 2)" <susandlueck@hotmail.com>,        "T-Bone (E-mail)"
<tsorensen@pdq.net>,        "'The Arm' (E-mail)"
<CoMalley@medcare.Medcare.bcm.tmc.edu>,        "Quinney, Michael MJQ
SIEP-EPT-DD" <mjquinney@Shell.Com>,        "Tray Stylzzzz (E-mail)"
<stout@onramp.net>,        "Vecsey (E-mail)"
<andy.vecsey@mustangeng.com>,        "Westafuss (E-mail)"
<WesleyCrowley@clearchannel.com>,        "Dampman, Brent BA SIEP-EPT-DD"
<badampman@Shell.Com>
Subject: FW: Could be
Date: Wed, 30 May 2001 13:27:38 -0500
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Mildly humorous............................

Ruben Ybarra

consultant to

Shell International E&P
Design & Construct - Subsea and Pipelines
Shell Woodcreek - Room 2325
200 North Dairy Ashford, Houston TX 77079
Phone:  281 544-3385 , Cell:  713 203-2545
Fax:  281 544 2431 or 281 544-3444
e-mail: rmybarra@shellus.com

-----Original Message-----
From: Templin, Abby [mailto:atemplin@velaw.com]
Sent: Tuesday, May 29, 2001 5:48 PM
To: Adam Fox (E-mail); Alicia Boston; Andrew Seerden (E-mail); Carmen
Newton (E-mail); Chili; Colin Hayes (E-mail); Dan Klebek (E-mail); Darin
Brooks (E-mail); Davie Crockett (E-mail); Delwin (E-mail); Ed Abucevitch
(E-mail); Evan Fitzmaurice (E-mail); Gayle Ringenberg (E-mail); Graham
Blake (E-mail); Haakon Donnelly (E-mail); Jane Doe; JC; Jen Owens
(E-mail); John Lancaster (E-mail); Kenny Meixelsperger (E-mail); Lil'
Davie Parham; Margaret Burroughs (E-mail); Matt Pickelman (E-mail);
Matty McMurphy (E-mail); Mike Diksa (E-mail); Mike Taten (E-mail); Mom
(E-mail); Monica Ibarra (E-mail); Richie Hanley (E-mail); Rick Gibson
(E-mail); Rick Riley (E-mail); Ros Osborne (E-mail); Scott Carroll
(E-mail); Stephen Edmundson (E-mail); Tracy (E-mail); Uncle (E-mail);
Will Ellerman (E-mail); William Jenkins (E-mail)
Subject: FW: Could be

> An old man was sitting on a bench relaxing at the
> > mall.
> > A young man walked up to the bench and sat down.
> > He had spiked hair all different colors, green, red,
> > orange, blue, and yellow.
> > The old man just stared.
> > The young man said, "What's the matter old timer,
> > never done anything wild in your life?"
> > The old man replied, "Got drunk once and had sex
> > with
> > a parrot. I was just wondering if you were my son."