Scott--
Something for you to consider:
If the transport people are to have their own books, my belief is that the
curve setting used for the transport values ought to be as unbiased as
possible.  This means using as few "formula based" curves as possible and as
many Gas Daily publication postings as possible.  I'm not sure how you or
your traders feel about the following postings, (how realistic they are), but
I think they bear watching to see if they could be used for calculating
transport p&l.  In Gas Daily, under Citygate, Pooling Point Prices, there are
Mid Atlantic Citygates postings for both CNG and Columbia Gas.  These could
potentially be used for CNG North & South Citygates and TCO citygates.  The
only thing I have to confirm is how these would load since there is no index
posted each day--it is a range of prices instead.

Historically TCO and CNG citygate postings haven't been much of an issue
because we haven't held much transport on CNG and TCO, but with the CES
business in our portfolio, the times have changed.  Currently we are using
"formula based" curves set by the traders to calculate CNG and TCO transport
p&l, and there sure seems to be a huge difference between the postings and
how we are marking the curves.  For example, today's Gas Daily postings
compared to our curve markings are as follows:
GAS DAILY   GAS DAILY SPREAD   SPREADS per TRADERS CURVES
TCO pool $2.985   $1.565     $.10
TCO citygate $4.55

CNG North $3.39   $  .585     $.16
CNG South $3.305   $  .670     $.16~
CNG Citygate $3.975

Obviously there are huge differences, so someone must be wrong.  There are
two solutions that I see.  One is to switch to the Gas Daily posting, which
in my mind is preferable if you believe the postings are accurate; the other
solution is to have the traders change their curves more often to more
closely reflect the actual spreads in the marketplace.  That's up to you.
Obviously if we believe the postings are completely off base and our spreads
are more accurate, then nothing needs to be done, but if you want to know
what you're really making on your transport (and you now have a lot of it),
we need to focus on it being accurate.

Anyway, let me know what you decide and I'll either forget about it or work
on getting the Gas Daily postings pulled into the calculations.

---------------------- Forwarded by Colleen Sullivan/HOU/ECT on 02/03/2000
08:29 AM ---------------------------

	From:  David Oliver                           02/02/2000 12:56 PM

To: Colleen Sullivan/HOU/ECT@ECT, Mark Friedman/HOU/ECT@ECT
cc:
Subject: Transport formula settles

Colleen,

Mark wanted me to let you know where a few city gate points are settling
daily:

CNG North City Gate = GD CNG North +.16
CNG South City Gate = Settles at what the intra-month trader sets their
intra-month curve at.
TECO Citygate = GD CGT/App +.10

Please note that CNG North City and TECO City settle prices come in at a one
day lag.  After we receive gas daily settles, we reload prices for any
derived curves.
If you have any questions please let me know.

David
x3-4231


?
----- Original Message -----
From: john  stamas
To: john  tumillo
Sent: Wednesday, December 06, 2000 4:59 PM
Subject: I'll keep taking punches until their will grows  tired.

In 1974 the S&P 500 dropped 27% AFTER the first  rate cut by the fed.? In
1981 it dropped 15% AFTER the first rate cut by  the fed.? With a S&P 500
still trading at twice it's growth rate, 20 vs  10, a NASDAQ still trading at
70 times earings, and a bullish advisor sentiment  still at 55%, the backdrop
for a sharp rally isn't very good.? In a slowing  earnings enviroment I
believe investors should focus on two sectors.? The  first are companies like
Tootsie Roll Industries that manage to grow earnings  like clockwork.?
Secondly, telecom/tech companies that are trading at their  growth rate and
there is some assurrance that their customers are in a position  to keep
ordering and paying for products.? For Tootsie Roll Industries it  is easy
since the end user is the consumer and this products' consumption is  fairly
recession proof.?? Efficient Networks' customers are SBC  Communications and
others who then install their products to offer their  customer price savings
that justify their capital investment. As long as SBC's  is financially
strong and their ROI warrants the investment, the Efficient's of  the world
appear to be interesting ideas.?

? There will be layoffs not just in the DOT com world, probably everybody  at
AMAZON, but also certain industries like the Financials and Auto's.?  This
should remove once and for all any last Greenspan' fears of a wage led
inflationary revival.? His comments yesterday were an admittance that this
economy is softer than 14 feet of fresh powder in Montana.? Housing prices
and financial assets were simply too inflated in general.? That doesn't  mean
there aren't some good real estate markets and it doesn't mean there aren't
any fair priced companies.


Seems like a great idea

 -----Original Message-----
From: 	Vetters, Charles
Sent:	Thursday, October 25, 2001 4:28 PM
To:	Kitchen, Louise
Cc:	Duran, W. David
Subject:	Origination Meeting

Louise:

I unfortunately was not able to attend your meeting this morning as I was interviewing analyst candidates, however the overall reaction from the group seems to be positive and I applaud you for your efforts in setting the tone.

I realize the company is in an interesting position with respect to liquidity and therefore I felt compelled to pass this thought by you with respect to a potential avenue power origination could pursue to assist with the current situation.  Since most of our activities seem to require some amount of capital, I was wondering whether you felt a viable strategy would be to turn Carl Tricoli's prepay concept for IPP's on its head and reverse the transaction with one or more counterparties where we pick up the upfront premium and deliver power in the future.  Assuming we can find the right counterparties, then we in essence would achieve a short position (which seems to be more in line with your strategic thoughts) and pick up liquidity in the short run.

Regards,

Charlie


Please add Elizabeth Shim to the Book Admin list on the Web sight.  Her Tagg
user name is:  ESHIM.  Thanks.

DG


Amelia, would you please e-mail me the Enron team sign up for for MS150?
Jeff's daughter would like to ride with the Enron team.  Let me know what I
owe you for that, and I'll send you a check when she fills out the
registration form.  Thanks, SRS


The interconnects are primarily in Michigan, Ohio and Wisconsin.


This email is acknowledgement from the Power Pool of Alberta of the change
in direct sales/forward contract registration for contracts that are
currently registered with the Power Pool between Suncor Energy and Enron
Canada Power Corporation for trading after December 29 HE 1 2001.  On
January 4 the Power Pool received your acknowledgement of Enron's change in
the source asset for the direct sales/forward contract registrations for
contract # 1421 to modify the source from the Sundance 3 unit (SD3) to
Enron's unmetered source asset (ECP-).  The modified registration terms will
be effective December 29 HE 1 2001 and will apply until the expiry date of
the contract registration for net settlement purposes.

If you have any questions relating to this matter, please give me a call.

Carol Moline
Financial Controller
Power Pool of Alberta
(403) 233-4686
carol.moline@powerpool.ab.ca


Wouldn't it be nice to not have a fire drill at the end? At least we will be
ready.

I'm can't wait to see what their lenders will come up with.  Ben's hoping it
will fall through and he can sell these again, I think.

Kay

"Reuter, Marisa" <MReuter@KSLAW.com> on 05/25/2001 08:12:49 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: RE: NorthWestern

Great.  I will focus on the closing checklist to ensure that all of ENA's
closing deliveries are in order well before closing.

MIR

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Thursday, May 24, 2001 6:24 PM
To: Reuter, Marisa
Cc: Keffer, John
Subject: RE: NorthWestern

Thanks.

Did I tell you that I spoke with GE about the assignment, and their initial
response was very positive.

NorthWestern is predicting closing in July.

Kay

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


Do I still need to look at Phibro?  Remember, Bernice left this one for me.
SS


you might want to say something

 -----Original Message-----
From: 	Rivera, Elizabeth
Sent:	Wednesday, April 17, 2002 1:52 PM
To:	Knoblauh, Jay; Hillman, Liz; Parks, Joe
Subject:


Louise,

Carl and I have done a quick once-over on Leslie's GTC. I think the format she has chosen is doable, but I need clarification from her on some points.

It is possible that the market might accept an amended EEI more quickly than they would accept our simple GTC - I don't know.

It is interesting to note that the EEI amendments in Leslie's GTC are 5 pages long (excluding the elections sheets). Our original GTC was 8 pages long.

Dave

 -----Original Message-----
From: 	Hansen, Leslie
Sent:	Thursday, January 10, 2002 1:57 PM
To:	Kitchen, Louise
Cc:	Taylor, Mark E (Legal); Cook, Mary; Sager, Elizabeth; St. Clair, Carol; Nettelton, Marcus; Portz, David; Forster, David
Subject:	Power GTC

Louise:

Attached please find the GTCs for power (with and without credit).  Please note that we are actually using the EEI Master Agreement as the on-line contract, as opposed to the traditional GTCs.  We were actually in the process of making this transition on EOL this fall, and Kevin Presto and Tim Belden have endorsed Netco's use of the EEI on-line.

Please let me know if you have any questions or comments.

Leslie


Happy Valentine's Day to you as well.


----- Forwarded by Tana Jones/HOU/ECT on 11/14/2000 04:32 PM -----

	Tom Moran
	11/14/2000 04:18 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Out of Office Reminder

I justed wanted to be certain that you received this : )
---------------------- Forwarded by Tom Moran/HOU/ECT on 11/14/2000 04:15 PM
---------------------------
From: Karen Lambert on 11/14/2000 04:17 PM
To: Kim S Theriot/HOU/ECT@ECT, Matthew Allan/LON/ECT@ECT, Amelia
Alland/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Enron Europe Global Contracts
and Facilities, Dianne Seib/CAL/ECT@ECT, Cyndie
Balfour-Flanagan/Corp/Enron@ENRON, Martha Stevens/HOU/ECT@ECT, Sarah
Smith/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Denae Umbower/Enron
Communications@Enron Communications, Molly Lafuze/Enron Communications@ENRON
COMMUNICATIONS@ENRON, Molly.Lafuze@enron.net, Alexia Gonzales/HOU/ECT@ECT,
Stephen Furter/LON/ECT@ECT, Andrew Wells/LON/ECT@ECT, Michelle
Schultz/NA/Enron@ENRON, cbalfou@enron.com, Denae Umbower/Enron
Communications@Enron Communications, Laurie Lee/NA/Enron@Enron, Rhonda L
Denton/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Chris Wiebe/CAL/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT,
Juana Fayett/Corp/Enron@Enron, Cheryl Dudley/HOU/ECT@ECT, Gina
LaVallee/CAL/ECT@ECT, Bridgette Anderson/Corp/Enron@ENRON, James
Scully/HOU/ECT@ECT, Lynn E Shivers/HOU/ECT@ECT, Susan Elledge/NA/Enron@Enron,
Linda K Loukanis/HOU/ECT@ECT, banders@enron.com, Danny Clark/Enron
Communications@Enron Communications, Amy Heffernan/Enron Communications@Enron
Communications, Gail Hill/LON/ECT@ECT, Charlie Hoang/HOU/ECT@ECT, Frank L
Davis/HOU/ECT@ECT, Camille Gerard/Corp/Enron@ENRON, Noel
Petterson/Corp/Enron@Enron, Stephanie Sever/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Paul
Cherry/GPGFIN/Enron@ENRON, Ted Chavez/GPGFIN/Enron@ENRON, Linda S
Bryan@Enron, Samuel Schott/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, Mary G
Gosnell/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Bethany
Denson/AA/Corp/Enron@ENRON, Fred Castrow/NA/Enron@ENRON, Corey
Hollander/Corp/Enron@Enron, Mark D Thorne/HOU/ECT@ECT, Judy
Walters/HOU/ECT@ECT
cc: Steve Venturatos/HOU/ECT@ECT, Julissa Marron/Corp/Enron@ENRON, Lola
Willis/Corp/Enron@ENRON, Sandra R McNichols/HOU/ECT@ECT
Subject: Out of Office Reminder

I will be out of the office Wednesday morning November 15, 2000, for a brief
appointment.  If you require assistance with an EOL or ClickPaper-related
contracts matter during that time, then you may contact Stacey Richardson.
If I am out of the office and you are unable to reach Stacey, then please
contact Linda Bryan.

Global Online Trading Contacts
     Name   Work Telephone Pager Number
For all online-related Global matters: Karen Lambert  (713) 853-0605  (713)
707-6571
Backup     Stacey Richardson (713) 853-0569  (713) 710-6084
      Linda Bryan   (713) 853-3538  (713) 709-3443

     Name   Work Telephone
For Global Counterparty matters only: Samuel Schott  (713) 853-9890
Backup     Adnan Patel  (713) 853-8335  (713) 788-9458  team pager
     Mary Gosnell  (713) 853-1727


The critical documents are usually the masters and any guarantees issued.
Thanks for your help.

	Juana.Fayett@enron.com
	10/19/2000 10:32 AM

		 To: tana.jones@enron.com, Jana.Morse@enron.com
		 cc:
		 Subject: Enron Australia Masters

Tana,
  I work with Jana Morse and our group is in charge of Australia.
We have copies of Aussie ISDAs, which ones do you need??
And, what other additional info is required??

Thanks,
Janie

---------------------- Forwarded by Juana Fayett/Corp/Enron on 10/19/2000
10:24 AM ---------------------------

 (Embedded
 image moved
 to file:      From:  Anthony Campos @ ECT
 pic11478.pcx) 10/19/2000 10:15 AM

To:   Jana Morse/Corp/Enron@Enron, Juana Fayett/Corp/Enron@Enron
cc:   Matthew Allan/LON/ECT@ECT

Subject:  Enron Australia Masters

FYI
---------------------- Forwarded by Anthony Campos/HOU/ECT on 10/19/2000
10:13 AM ---------------------------

From: Tana Jones on 10/19/2000 10:02 AM

To:   Anthony Campos/HOU/ECT@ECT
cc:
Subject:  Enron Australia Masters

The Australia office gave me a list of their masters and I have entered
them into the database.  We still don't have copies.  Further, I don't know
more than if it's executed and the date.   They need to flesh out the
additional information that is required.

 - pic11478.pcx


Steve,

as we have discussed,  I want to develop a model that can be used to
determine the actual value of storage by looking at deals done in the past.
In doing this, I need the model to be able to pull historical curves from
Oracle by basis location.  It will need to pull Interest Rate, Gas Daily,
Balance of the month (Swing Swap), Nymex and Basis.

Once all of the pricing curves are pulled, the model will make daily
decisions based on price relative to each other to buy, sell or hold.

This will probably be an extensive project so see about the pulling of the
curves first, and we can move forward from there.  Please call either myself
or Matt Smith with any questions.

Ken
3-7009


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February 12, 2002

QUOTE OF THE DAY

"Now I can go home and all my friends will make fun of me for
being in the Olympics. It'll be sick."

DANNY KASS,silver medalist in the men's halfpipe snowboard competition.

NATIONAL

Attack Possible in U.S. or Yemen, the F.B.I. Warns

The F.B.I. issued a new security threat alert on Monday night, more specific than any before, warning of a possible attack as early as Tuesday in the United States or Yemen.

Small Fire Becomes Inferno, Burning Homes in California

Fierce gusting winds transformed a small brush fire on Monday into walls of flame that burned more than 4,000 acres in northern San Diego County.

Bush Urges $300 Billion for Health Care Changes

President Bush outlined a $300 billion, 10-year health care plan on Monday that he said would overhaul Medicare and help the elderly buy prescription drugs.

MORE NATIONAL NEWS

Panasonic VDR-M10 DVD Camcorder's amazing high-resolution captures images in razor-sharp, vivid color that lasts for generations.

INTERNATIONAL

Millions in Iran Rally Against U.S.

Galvanized by President Bush's branding of their nation as part of an "axis of evil," Iranians marched in a nationwide pep rally.

Milosevic, 'The Biggest Fish,' on Eve of War Crimes Trial

On Tuesday, Slobodan Milosevic will be the first head of state to face charges so grave: genocide, crimes against humanity and violations of the Geneva conventions.

Scolding Socialists, Chirac Opens His Re-election Effort

President Jacques Chirac defended himself against accusations of corruption and accused Socialists of squandering the benefits of France's recent economic growth.

MORE INTERNATIONAL NEWS

BUSINESS

U.S. Widens Global Crossing Inquiry

The investigation of the accounting practices of Global Crossing, the troubled telecom company, expanded into an inquiry on a type of financial transaction also used by Enron.

G.O.P. Studies New Rules on Companies

House Republicans are circulating proposals for post-Enron legislation that they say will strengthen federal standards for auditor   independence and corporate financial disclosure.

J. P. Morgan Seems to Feel the Ripples

J. P. Morgan's executives have been reassuring employees in recent weeks and telling investors that much of the market's anxieties about the company are overblown.

MORE BUSINESS NEWS

TECHNOLOGY

U.S. Widens Global Crossing Inquiry

The investigation of the accounting practices of Global Crossing, the troubled telecom company, expanded into an inquiry on a type of financial transaction also used by Enron.

U.S. Seizes Bank Business of Web Credit Card Issuer

The government took control of the banking operations of NextCard, saying that it had grown too fast and with scant attention to lending quality.

Nortel Officer Forced to Quit on Suspicious 401(k) Trades

The chief financial officer of Nortel Networks was forced to resign after the company said it had notified regulators of suspicious trades in his 401(k) retirement account.

MORE TECHNOLOGY NEWS

POLITICS

White House Is Backing Foes of Finance Bill

The White House is quietly working through the Republican Party to scuttle campaign finance legislation before the House this week.

Lawmakers to Investigate U.S. Failures in Attacks

The House and Senate intelligence committees are set to begin a joint investigation into United States intelligence gaps in the wake of the Sept. 11 attacks.

Bush Featured in G.O.P. Ads Criticizing 5 Senators

President Bush has taken a starring role in an advertisement running in the states of five senators who voted against his economic stimulus package.

MORE POLITICS NEWS

SPORTS

Judging Falls Between Fix and an Injustice

The big problem for Canada's Jamie Salé and David Pelletier is that they do not have the reputation of their Russian counterparts.

With His Career at Crossroads, Giambi Took It

After leading Oakland to within a game of eliminating the Yankees in the playoffs the last two seasons, Jason Giambi has embraced the enemy and is not looking back.

Westminster Favorites Are Fetching the Prizes

The first two group winners at the Westminster Kennel Club's 126th annual show were best-in-show favorites: Mick in the terrier group and Rocky in the working group.

MORE SPORTS NEWS

ARTS

A Global Vision for a Global Show

The artistic director of Documenta 11, an international exhibition that is to contemporary   art what the Olympics are to sports, sees art as an expression of social change.

For Trillin, Parking Is an End, Not a Means

Calvin Trillin hesitates to call his new book the ultimate New York novel, but he does claim that it is the ultimate New York parking novel, if only by default.

A Howl of Total Anguish With a Punch in the Head

While most rap-rock acts feel obliged to   choose a side, Linkin Park strives for impartiality.

MORE ARTS NEWS

NY REGION

Rescuing the Buildings Beyond Ground Zero

Five months after the World Trade Center attack, the focus of the recovery effort is moving to the ring of battered skyscrapers around ground zero.

Judge Says Child's Well-Being Is a Factor in a Deportation

A federal judge in Brooklyn recently ruled that an immigrant who is a felon cannot be deported unless officials first consider the impact on his family.

Problem in Candidacy for U.S. Attorney's Aide

A background check of the prime candidate for the job of assistant to New Jersey's United States attorney revealed a possibly illicit meeting with Senator Robert G. Torricelli.

MORE NY REGION NEWS

OP-ED

Business Versus Biznes

By  PAUL KRUGMAN

Memo to critics of the media's liberal bias: the pinkos you really should   be going after are those business reporters.

Taming Tyranny in Zimbabwe

By J. STEPHEN  MORRISON

Washington may be able to shift   the focus in southern Africa to a post-Mugabe future in which a renewed   democratic process is still possible.

Foreign Aid in Our Own Defense

By RICHARD SOKOLSKY and JOSEPH McMILLAN

We need a program   of tightly focused foreign aid to address the economic, political and social conditions that will otherwise   continue breeding new terrorists.

MORE OP-ED  NEWS

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---------------------- Forwarded by Tracy Geaccone/GPGFIN/Enron on 02/12/2001 05:26 PM ---------------------------

Kathy Campos
02/12/2001 04:52 PM
To:	James Saunders/FGT/Enron@ENRON, Suzanne Brown/HOU/ECT@ECT, Tracy Geaccone/GPGFIN/Enron@ENRON
cc:	Cindy Shaffer/HOU/ECT@ECT

Subject:	Click @ Home Allocations Mtg.

This is to confirm a meeting to discuss Click @ Home on Tuesday, February 13, 2001 from
2:00 - 3:00 PM in EB 3907.

Thank You,
Kathy Campos


ADMINISTRATIVE

EH&S Data  ) D. Willmann, David Ronkainen, and Sandra Maldonado developed
charts for Mike Terraso comparing EHS performance in 1999 and 3 quarters 2000
for the Caribbean, Latin America, and Southern Cone operations.  Data gaps
and reasons were identified.  Mike reviewed data with Rebecca McDonald.

Enron EHS/Operations Audit - M. Terraso has met with Don Hawkins(Senior
Director ETS audits) and Phil Lowry (MD ETS Operations) and Rebecca McDonald
regarding the current and possible alternative approaches to the Corp portion
of the Operations/EHS audit program.  Mike has developed and reviewed
verbally initial suggested improvements to the current audit, action plan and
implementation tracking process, including a greater corporate role.

Environmental Remediation Projects - D. Willmann and Scott Watson developed
summary for Mike Terraso of environmental remediation projects within Enron's
international operations.  Mike reviewed information with Rebecca McDonald.

Spanish Version of Enron,s Safety, Health and Environmental Guidelines )
Ramiro Garcia in conjunction with a consultant (Franco y Asociados) completed
Draft of Spanish version of the Guidelines.

Enron Corp. Safety Video Project Script  ) Scott Watson and Victor Colin shot
video footage for general Enron office personnel orientation and contractor
orientation videos on Dec. 7 & 8.

CALME

Puerto Rico, San Juan Gas - D. Willmann met with Bill Middleton, EECC, and
then by conference call with ThermoRetec personnel to review environmental
and safety aspects of the proposed conversion of the San Juan Gas facility to
operate on natural gas and the remediation work that is to be completed at
the San Juan Gas site.

Dominican Republic,  SECLP - D. Willmann met with Jonathan Ago to review the
environmental and safety perspectives of  the upcoming installation of a new
boiler at the Smith / Enron facility in Dominican Republic.

SOUTH AMERICA

Venezuela, Ventane Visit - Henry Van and Edgar Zuleta visited Ventane
facilities in Venezuela and gave workshops on EHS management system
optimization.

OEC / NORTH AMERICA

Medical Surveillance & Wellness Program ) Scott Watson met on 12/14/00 with
Dr. Holland and Mary Ann Roman De Meza to complete the Wellness section of
the Medical Surveillance Program.

Garden State Paper ) Scott Watson and Gus Eghneim conducted an EH&S Audit of
this facility in Garfield, New Jersey on 12/12/00.

+2000 Peaker Facilities (Lincoln Center, Gleason & Wheatland) ) Scott Watson
provided responses and pertinent information to Ross Newlin regarding
Safety/Health training issues at these facilities for Allegheny Power.

Semiannual Reports for Caledonia and New Albany ) Ramiro Garcia completed and
submitted to the state revisions to the semiannual environmental reports for
the first part of 2000.  Revisions included more detailed information (i.e.,
reasons) for each period of excess emissions.

REGULATORY TECHNICAL ANALYSIS

Texas Upset and Notification Environmental Notice - Marc Phillips distributed
an Environmental Notice to ETS personnel regarding the revisions to the Texas
upset and maintenance notification rules which are applicable to compressor
stations.

TNRCC Stakeholders Meeting - Marc Phillips attended a TNRCC stakeholders
meeting regarding draft revisions to a rule that would define maintenance and
also restrict the use of a general permit often used by ETS personnel to
authorize methane emissions from pipeline maintenance.

Sustainable Development Meeting - Marc Phillips represented Enron at the
Winter 2000 meeting of the Business Council for Sustainable Development -Gulf
of Mexico.

NPDES Multi-Sector General Permit --  Jim Peterson distributed an information
email on the EPA reissuance of the NPDES multi-sector general permit for
storm water discharges associated with industrial activities to Enron
environmental personnel in affected states.

DOT Amendments to Hours of Service (HOS) Regulations - Russell Tucker, with
assistance from Jeff Keeler, issued comments to the DOT on behalf of Enron
ETS concerning the adverse impact the current proposed amendments to the HOS
regulation would have on the company's ability to operate and respond to
emergencies without an unreasonable increase in operating costs.

Petition for Extension of Time - Russell Tucker asked the NAM OSHA Steering
Committee to consider joining Organization Resources Counselors, Inc. (ORC)
in asking OSHA through a letter of petition for an extension of time to
establish full compliance with the Ergonomics Program Grandfather clause .
The request is under NAM legal review to ensure standing suits against OSHA
in connection with the Ergonomics Program final rule would not be adversely
affected.

ANSI Z10 API Task Force Membership - Russell Tucker has accepted a request
from API to be a member of the task force who will act as a committee member
to the ANSI Z10 Full Committee starting proceedings to establish an
Occupational Safety and Health Management Systems Standard. This standard is
expected to be adopted as part of the international ISO certification
standards after acceptance by ANSI and likely to affect any revival of the
once proposed OSHA rule making on the same subject.

COMPETITIVE INTELLIGENCE

Clean Air - EPA Mercury Determination:   On Thursday, 12/14, EPA issued its
mercury determination, deciding there is a need to regulate mercury emissions
from power plants and laying out a timetable for developing the necessary
regulations.  EPA indicated that it would consider "flexible" measures for
complying with regulations, including trading, but no further details were
included in the determination.  Jeff Keeler provided information on this
regulation to Enron Americas power trading and origination, EGM
coal/emissions traders, EES and other corporate groups.

Clean Air - Section 126 Rule Litigation:   Federal District court in D.C.
will hear oral arguments on Friday, 12/15 on the EPA's section 126 rule,
which grants relief to northeast states who petitioned for greater control of
NOx at sources in "upwind" states.   The federal Section 126 rule is
scheduled to go into effect for sources in May 2003 -- 1 year sooner than
similar state-developed regulations will go into effect for the same sources
under the NOx SIP Call.  The outcome of the litigation is important because a
ruling for industry could give sources another year to plan for emissions
controls.  Jeff Keeler will issue a report on the litigation to Enron
Americas, EGM, EIM, EES, and other impacted corporate groups.

Power Quality/Distributed Generation:  Stacey Bolton and Mary Schoen
continued to provide assistance to EES' Premium Power group as they look at
environmental drivers for their business model.  Stacey delivered detailed
information on federal incentive programs for distributed generation and Mary
provided assistance and analysis of environmental regulations in EES' target
states.

EPA Green Power RFI:   Stacey Bolton provided information to EES (Richard
Ring) in response to an RFI for the supply of green power to EPA in Ohio.
(Part of the information that will be included in the RFI response will be
the Enron EHS annual report).   Stacey also talked with APX about their
exchange in Ohio and the potential for EES to price out a deal for green
credits to use in the potential deal w/ EPA.  APX is very interested in doing
a deal w/ EES, and has landfill credits for EES to bid on.  Stacey provided
this information to EES.

Renewable Energy Credits:  Stacey organized a conference call w/EGM and EES
supply desk to discuss potential partnerships with Clean Power Markets (Green
Credit Exchange and Verification company).  EES will likely become an anchor
customer of the exchange.  Followed up with Richard Shapiro, Jim Steffes and
Lisa Yoho regarding the potential partnership (Clean Power Markets had
originally approached Rick about a partnership & he passed it along to
Stacey.)

ADVOCACY/COMMERCIAL SUPPORT

Clean Air - NOx SIP Call:  Mary Schoen continued work on development of State
Implementation Plans (SIPs) in several key Enron States, including Illinois,
Tennessee, and Indiana.   States had until October 31, 2000 to submit SIPs to
EPA for approval or face preemption by federal NOx rules, but EPA informally
extended that deadline until the end of the year.  Mary is submitting
comments to these states as they prepare their final SIPs.
Tennessee:  will be less of a priority with the sale of the Brownsville
peaker to Cinergy, but the work done by Mary in the SIP development process
which gained allocation of allowances to Enron assets proved to be valuable
in the sale.
Indiana:  Mary is working with EES to ensure allocation of allowances to
"energy efficiency" projects, which could prove to have value for EES and
customers.

Environmental Disclosure/Labeling:   as EES will be entering Ohio on 1/1/01
in First Energy's territory, Stacey Bolton met with the EES reporting team
concerned about the label.   Stacey suggested that since First Energy is
doing the billing function for EES' customers, EES lay off the disclosure
requirement on First Energy (First Energy will also be purchasing and
delivering the power).  EES is attempting to implement this suggestion.   EES
is also actively looking at CG&E territory and needs to prepare a disclosure
label.  As Ohio's disclosure rule is ambiguous, Stacey has been coordinating
questions w/ Ohio PUCO staff regarding disclosure requirements.

Renewable Energy/Wind:  Stacey is working with Enron Americas West Desk on
trading opportunities for wind energy in the west.  DOE is organizing a
trading platform for the Western States, and Stacey provided information to
EA and is helping develop a strategy to optimize their value for wind energy.

Pipeline Safety Legislation:    In Congress' last minute efforts to pass
appropriations bills, rumors have circulated that there may be an attempt to
attach pipeline safety legislation.   Jeff Keeler worked to gather more
information on these efforts, and found that support of many key
congressional leaders for such an effort is missing.  Jeff forwarded to ETS
and others a letter sent by Senator John McCain (a key pipeline safety
proponent) to congressional leaders) urging that pipeline legislation not be
included in any appropriations bills.

GREENFIELD CAPITAL PROJECTS

Cuiaba Pipeline (Bolivia/Brazil)- Joe Kolb will be participating with
Catherine McKalip-Thompson (Enron Corp) in conducting a "lessons learned"
analysis for the Cuiaba Project  and Transredes oil spill.

Lagos EPP (Nigeria) - Joe Kolb reports that the refurbishing and conversion
of the power barges is behind schedule.  The first one is expected to go
online in March of 2001 and the last in November 2001.

RioGen/Eletrobolt PPs (Brazil)- Joe Kolb has discussed with Lauren Goldblatt
(Enron Corp) the perspective he gleaned from his inspection of the proposed
CEG pipeline that will provide natural gas to the RioGen/Eletrobolt
projects.  Lauren is working with Enron SA to arrange a community meeting.

ACQUISITIONS

Project Crane (Quebec, Canada and Port Angeles, Washington Pulp and Paper
Acquisition) -  Susan Worthen was notified by Gustavo Junqueira (Industrial
Markets Finance Manager) that this transaction has been approved by the Board
and Enron is in the final stages of negotiating the Share Purchase Agreement
with the Seller.  The Port Angeles, Washington mill will be excluded due to
environmental liability issues.  Additional environmental due diligence is
currently being conducted on timber properties located near Quebec that are
harvested for construction lumber.  Mark Greenberg (Industrial Markets
Attorney) is the interface on the due diligence.  Gustavo, Susan, and Bob
Anderson (Pulp and Paper Technical) met to discuss the transition process and
on-going EHS support.  Susan also took the opportunity to raise questions
regarding budgets and acquisition strategy for 2001. She agreed to provide
transition plans for previous EI projects to use as ticklers of items that
need to be addressed, such as payroll, conversion of accounting systems, HR,
etc. and will meet with Henry Van and his group to discuss transition and
operating support plans.

Project INGA (California and Pennsylvania Power Plant Acquisition) - Don
Stevens provided an interpretation of the impact of EPA's announcement
regarding the control (regulation) of mercury emissions.

Massey (JV Coal Mine) - The scheduled site visit by Don Stevens was cancelled
by Massey due to disclosure concerns regarding current civil suits.  Massey's
executive management apparently questioned Enron's interest in the spill
since it is not directly associated with the property transaction currently
being pursued.  Susan Worthen notified the project team and RAC
representative of the current status and learned that this transaction will
not be concluded by the end of the year and additional time would be
available in January to visit these issues.

North Carolina CF Power Plants - Don Stevens reviewed the ENSR draft Phase I
Environmental Site Assessment, dated December 2000, and provided additional
questions.  ENSR is currently conducting a limit Phase II and the report
should be available by December 22, 2000.

ISAGEN - Don Stevens reviewed Harza's "Technical Review of ISAGEN Generating
Plants" and reported to  Mario Brunasso.  It has been reported that the
Finance Minister of Columbia said that legal loopholes, possible changes in
the price-tag for ISAGEN, and the need to update paperwork related to its
privatization would now postpone the deal until June 30, 2001.

Project Canary - Don Stevens reviewed Pilko & Associates Environmental Risk
Identification for the Celgar Pulp Company.  Susan Worthen provided an
Environmental Risk summary for the project team to use in the DASH.

DEPARTMENT PROJECTS

EHS Web Site - The website is currently on-line. On Friday, December15th, we
will begin to promote the website on E-TV and also place a link to the site
on home.enron.com in the New and Notable section and in the Intranet Site
section.  Phase II planning is beginning. Phase II will contain streaming
video, an International Legislative and Regulatory Database, access to a
compliance management calendar and the remaining information from the
Environmental Strategies Group. Phase II role out still needs to be
determined and will be dependent on the availability of Enron Networks staff.

Telework/NEPI Program - Gavin Dillingham represented Enron at a meeting in
County Judge Eckels, office to discuss the National Telecommuting and Air
Quality Act with NEPI and the Philadelphia Steering Committee. Gavin is also
meeting with Elham Shirazi of NEPI and a representative from Enron,s
transportation group to discuss the possibility and feasibility of Enron
providing a Vanpool for its employees.

Lifecycle Process - Gavin Dillingham is continuing to work with Susan Worthen
and AD Little on determining Enron,s products and services for the lifecycle
study.  Financial market trading activities will be segregated from physical
market activities (those requiring a physical position in the market) and a
glossary of trading terms will be provided to make the document easier to
understand.  Additional refinements of the services will also be conducted to
streamline the inventory.

Asset Tracking Database - The database is currently being populated with
data. Susan Worthen will be following up on the revision of the asset list.

Annual EHS Report - Susan Worthen, Lauren Goldblatt, and Catherine
McKalip-Thompson discussed data needs for the 2000 annual report.  Lauren and
Susan met with Keith Micelli to gain insight on potential reporting issues
and contacts for Transredes and Cuiaba.  Lou Soldano and Susan Worthen agreed
to set up a meeting in early January to discuss EHS reporting of EOTT assets
with Frank Smith, Dave Nutt, and Bill Kendrick.


Ian,

Sorry for a delay in responding to you.
I am currently in London, flying back to Houston tomorrow.

The problem is not  with the lawyers. We worked on our presentation
materials together with a professor from another university
and we agreed to use these materials only internally.

We have to honor our commitment to him. I am sure
that this is exactly what you would have expected from us if we had
made a similar commitment to you.

Vince

"MacMillan, Ian" <macmilli@wharton.upenn.edu> on 03/21/2001 04:31:27 PM
To: "'Vince.J.Kaminski@enron.com '" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: Lawyer

 What do I need to do to move this thing forward?
I suspect that the problem is basically with the lawyers.  They only know how
to stop things, but in a way they play a role in global society.  If it were
not for the handicaps they lay on us the rest of the world would never have a
chance.

-----Original Message-----
From: Vince.J.Kaminski@enron.com
To: macmilli@wharton.upenn.edu
Cc: Vince.J.Kaminski@enron.com
Sent: 3/8/01 12:12 PM
Subject: Re: Lawyer

Ian,

Sorry for a delay in getting back to you.
I have one challenge I did not anticipate
when I talked to you  the first time about our Real Options
internal seminar.

The materials were prepared in collaboration with a professor
from another school, and there is some  sensitivity regarding
the intellectual property rights and the ability to distribute the
materials
outside Enron.

Please, give me some time to find out if I can work
around this issue.

Vince

"MacMillan, Ian" <macmilli@wharton.upenn.edu> on 03/07/2001 06:46:28 AM

To:   "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject:  Lawyer

I still have not heard from your lawyer.  I would like to see whar
materials you are using and assess how we could work on the topic of
real
options with Enron


Well Ray as you might as well have guessed your timing does suck.  All this
time has gone by and the day Enron does a "deal" with Natsource, you decide
we should have a drink and share a meal.  You guys will never cease to amaze
me.


FYI>>>We were also monitoring the EOL to Sitara bridge during this time to inform our traders and other desks of the situation and status...All deals bridged over by 10:30ish. THANKS

 -----Original Message-----
From: 	Truong, Dat
Sent:	Thursday, October 25, 2001 11:11 AM
To:	Moorer, Torrey; Lamadrid, Victor; Severson, Russ; Grant, George
Cc:	Husain, Karima; Lim, Francis S.; Saluja, Gurdip; Sweitzer, Tara
Subject:	Sitara EOL Bridge Problem Today

The problem we faced today was due to 2 eol deal packets (2098073, 2099764) not having startdate and enddate.  Missing these 2 tibco message fields caused the bridge to bounce and resulted in the queue to build up while the bridge is starting up. (The bridge takes 2 minute for startup).  Each time these deals are sent/resent, it continuously cause the Sitarar EOLBridge to restart, thus magnifying the buildup of the queue.

The corrective action we are taking at our end is to build a rejection logic when eol packets do not have start and/or enddate.

-Dat Truong


I have already registered several domaine names in the interest of getting up and running as soon as possible post sale of the business.  I have experience of delays as we have tried to retrieve domaine names where people have squatted intentionally in order to extract large sums of cash.  Should any of the buyers raise any issues - I do intend to use these for the purposes of our new business.
I have a lot of them - spurious and real.

Louise


thank you, cindy.


Vlady,

Here is the P&L breakout you requested.  If you have any questions give me a
call.

Robin
x57478


The report named: East P/L Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=1&report_name=East+P/L+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=10/18/2001>, published as of 10/18/2001 is now available for viewing on the website.


Daren,   Cody has a new well coming on Friday behind the 985333.  Right now
we don't have any nominations at that meter so I'll get with vance on that .
The increases according to the fax is going from 230@day to 1700 on friday
and 1700 to 3200 on sat.  PRIZE Energy would like to make some changes,

Meter

4028       from 1270 to 820          has been flowing from 600 to 800 this
month

4965       from 112 to 45                has been flowing mid 80's this month
                 from 97 to 104


But, did you sign up for the transportation spending account.

	Kay Mann@ENRON
	05/31/2001 09:03 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Yes, they are deducting for parking

How do I get on the list for the form?  Could you pretty please check for me?

Thanks,

Kay


Rick --

Our baby, Addison Sterling, was born on Saturday, January 12th at 12:31 PM.  She was fairly big - 8 lbs 14 ozs and she is 20 inches long.  I've attached a link to the hospital's website that has her picture (she is much cuter in person, of course :)

We named her after Addison St which runs by Wrigley Field (Home of the Chicago Cubs) and the Pound Sterling.

Cami is doing well and we have returned home on Sunday night.

http://web.mhhs.org/nursery/babyDetails.asp?hospitalID=7&search=list&babyID=19650

RZ


Mark, you have this one!
Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/06/2000
05:40 PM ---------------------------

Janet R Dietrich
06/06/2000 04:01 PM
To: Mark E Haedicke/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT
cc:
Subject: Chris Gaffney

I just heard that Chris Gaffney is transferring to the Toronto office. His
skill sets/capabilities have been critical in the closing of both the UI and
NSTAR deals and he has been actively engaged in the long-term NSTAR deal,
Con-Ed, and our Project Green Jacket. It is critical to our business to have
no transitional period with attorneys and I expect his replacement to be
fully up to speed (i.e. knowledge of the power market, understanding of
structured power transactions, etc) relative to definitive documents around
these transactions. Chris is definitely a loss to our team. Please advise as
to his qualified replacement on these specific deals.  Thanks.


(See attached file: HPLN0220.xls)

 - HPLN0220.xls


Debra,
 Need to include a definition for Net Worth in this contract.  The rest looks
okay.

	Debra Perlingiere
	02/28/2001 04:44 PM

		 To: Phil DeMoes/Corp/Enron@ENRON, Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Oglethorpe

Please see attached draft.   I will forward same to Clarence Mitchell.

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


I had a momentary lapse.  Too many turbines, not enough time!

	From:  Ben F Jacoby @ ECT                           04/02/2001 06:30 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Montana Power

Montana is Siemens Westinghouse.

Kay Mann@ENRON
04/02/2001 03:30 PM
To: Chris Booth/NA/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT
Subject: Re: Montana Power

The issue is getting an assignment agreement that GE will sign.  I've
requested copies of the docs signed on the Pastoria deal, which is the most
recent GE frame assignment transaction.  That should be our starting point.

Kay

	From:  Chris Booth                           04/02/2001 03:28 PM

To: Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT

Subject: Montana Power

Kay,

Once we sign the exclusivity agreement, I would like to get MPC a draft of
the Assignment document for their review.  How long will it take to have a
version ready for MPC.

Thanks,

Chris


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 06/26/2000
02:53 PM ---------------------------

Daren J Farmer
06/26/2000 01:41 PM
To: Stella L Morris/HOU/ECT@ECT, Carlos J Rodriguez/HOU/ECT@ECT, Robert
Cotten/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON
cc: Stacey Neuweiler/HOU/ECT@ECT
Subject: 3 Rivers outage

The following deals have been taken to zero from 6/27/00 to 6/29/00 for the 3
Rivers outage.  Flow should resume on 6/30/00.

137939  12
202362  101
133263  42
296629  30
166810  30
133433  87
138426  918
133344  54
130865  246
137936  18
204859  1800
130510  381
279778  21
136275  70
139092  10
126330  41
125808  1405 (various points)
137632  60 (Various points)
137850  5
137858  1
138456  25
126335  612
138094  1265
93779  2677
266970  2812
113858  7000

Total  19,723


As you may be aware, Enron Corp. is a member of the Official Unsecured
Creditors' Committee appointed in the Pacific Gas and Electric Company
bankruptcy case. Michael Tribolet with the Risk Assessment and Control Group
is Enron's designated representative on the committee and he is being
assisted by Lisa Mellencamp in the Enron North America Corp. legal group.
Please be advised that they will be restricted from disclosing certain of the
information that they receive.

Attached are Ethical Wall Procedures regarding confidential information that
Enron may receive as a member of the committee. It is important that you read
the procedures promptly, print the Employee Certification attached and sign
and return the Employee Certification to the Compliance Department as
directed.


During our meeting on Loretta (gas play version), you suggested we get a consultant opinion regarding the ability to permit a coal plant in Texas.  I've selected URS, a large, Texas-familiar company.  In fact, their lead air quality attorney used to work on the other side, processing air permit requests for Texas.

I expect a written opinion on Tuesday; however, their verbal feedback has been very favorable.

In the interim, please let me know if you have any questions/comments regarding the proposal.

Mitch


REGISTER TODAY!

HAAS BIG GAME BBQ
Saturday, November 18

10:00 am - 12:30 pm:? BBQ in the Courtyard
12:30 pm:? Cal vs. Stanford football game

$20/alumni and friends
$15/recent grads (1995-2000)
$10/students/staff/faculty/child

Register online at:? www.haas.berkeley.edu/alumni/registration

Note:? game tickets are not included in price.? Call 1-800-GO BEARS

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

Haas School Alumni Relations Office
Haas School of Business
520 Student Services Building #1904
Berkeley, CA? 94720-1904
alumni@haas.berkeley.edu
510-642-7790 (phone)
510-643-0531 (fax)


you have got a deal.  what day are you moving in?  i want to start hanging
out at your pool if there are hotties there.  what days are you going to go
to galveston?


http://www.probability.net/

http://www.iafe.org/fe_links.ihtml

http://www.maths.uq.oz.au/~pkp/probweb/links.html


FYI -

All trades done on behalf of El Paso will now be directly billed by El Paso. This means three things for us:

1. Format of the model stays the same.
2. Deals do not go into Enpower.
3. "Counterparty" in the model must show the billing counterparty only (to simplify Kathy's settlement process).

*Per El Paso, please try to market their power through SRP, PNM, PAC, and LADWP only.* These are the counterparties El Paso has contacted regarding our new arrangement.

Please let me know if you have questions.

Thanks,
Kate


Please call Mike Moscoso and get the report on the Executive reports
website.  I do not want to get an e-mail everyday.  Thanks


Thanks for the info.  Regards, Edmund

From: Sara Shackleton on 04/30/2001 02:05 PM CDT
To: Edmund Cooper/LON/ECT@ECT
cc:

Subject: repo agreements

Edmund:

Would you believe that we do not have a repo template?  The repo requests are
more infrequent than not.  All are negotiated.  Hope this helps.  Regards.

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


Gas Day 29

Nomination into Eastrans of 45,000 mmbtu

Redeliveries:

13,482  PG&E
  7,000  Fuels Cotton Valley
21,518  Mobil Beaumont
  3,000  HPL CW at Carthage

Gas Day 30

Nomination into Eastrans of 75,000 mmbtu

Redeliveries

43,482  PG&E
  7,000  Fuels Cotton Valley
21,518  Mobil Beaumont
  3,000  HPL CW at Cartage


I spoke with Barry Taylor-Brill.  He is interested in having me meet people in his organization and we will come up with some possible dates.

Thanks.

P.S.  Check out the NY Times today - lots of us lost our deferred compensation at the expense of those "in the know".

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


_________________________________________________________________

            B R E A K F A S T   W I T H   T H E   F O O L
                     Thursday, November 16, 2000

benjamin.rogers@enron.com
_________________________________________________________________

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MIXED NEWS FROM APPLIED MATERIALS
The company reports a strong fourth quarter, but warns that next
quarter's earnings will miss expectations.

By Chris Rugaber

Leading semiconductor equipment maker Applied Materials (Nasdaq:
AMAT) reported strong fourth-quarter results after the closing
bell yesterday, doubling profits on an 81% increase in sales.
However, the company also warned that fiscal first-quarter
earnings would miss current forecasts.

Nevertheless, the company's fourth quarter (ended October 29)
was solid, to say the least. Net income jumped to $663.8
million, or $0.77 per share, from $303.8 million, or $0.37 per
share, in last year's fourth quarter. Analysts expected the
company to earn $0.76 per share. Sales reached $2.92 billion, up
from $1.61 billion, while new orders more than doubled to $3.6
billion and backlog increased to $4.38 billion, from $3.69
billion last year. Margins also improved, with gross margin
increasing to 51.7%, up from 49.6% in the year-earlier period,
and net margin rising to 22.7%, 3.9 points higher than the
year-earlier figure.

Despite the strong showing, the company is cautious about future
results, which is not too surprising given the cyclical nature
of the semiconductor industry. While Applied Materials benefited
from capacity increases at many chipmakers earlier this year,
concerns over slowing mobile phone and PC sales have muddied the
waters regarding revenue and earnings for the second half of
next year. "Conditions in our industry have become more complex
and uncertain," Chief Financial Officer Joseph Bronson told
Bloomberg News. "It is unclear what the impact of this
uncertainty will be on our markets."

For next quarter, the company stated that earnings per share
(EPS) were likely to come in between $0.75 and $0.78, below
current analysts' estimates of $0.80. Revenue should be between
$2.9 billion and $2.95 billion, below previous expectations of
$3.12 billion.

Investors that have held on through Applied Materials' ups and
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_________________________________________________________________

NEWS TO GO

In a long-expected move, AT&T (NYSE: T) announced yesterday that
it would spin off cable TV programming division Liberty Media
(NYSE: LMG.A), which it received as part of its purchase of
cable giant Tele-Communications, Inc. last year. While the
decision is dependent on a favorable tax ruling, AT&T plans to
convert the company's tracking stock to an asset-based equity
and distribute shares to holders of the tracking stock in the
second quarter of 2001. By selling Liberty, which owns stakes in
the E! Entertainment Network and Courtroom Television Network,
AT&T may satisfy regulatory conditions placed on it for the
approval of its purchase of cable operator MediaOne Group.

The mega-merger between America Online (NYSE: AOL) and Time
Warner (NYSE: TWX) may be delayed past the two companies'
self-imposed deadline of December 21, according to a report in
today's Wall Street Journal. The Federal Trade Commission (FTC)
wants the two companies to strike a cable-access deal with an
Internet service provider (ISP) as a condition of the merger,
and last week the FTC delayed a vote on the merger until
November 30 to give the two companies time to strike a deal with
an ISP. Nevertheless, the FTC would have to approve a
cable-access deal before the merger vote, and may not be able to
do so in time. The Journal also reported that the two companies
disagreed on strategy, as Time Warner wanted last week's vote to
proceed, while AOL did not. An AOL vice president denied that
there were any disagreements.

Retailer Nordstrom (NYSE: JWN) reported dismal third-quarter
earnings after yesterday's market close. The company, under new
management led by Nordstrom family members, saw profit from
operations drop 41% to $23.4 million, or $0.18 per share, from
$39.7 million, or $0.29 per share, in the year-earlier period.
Sales rose 13%, to $1.25 billion, from $1.11 billion. The
company used steep price markdowns to clear out summer and fall
merchandise, and also saw an increase in operating expenses,
with sales, general and administrative (SG&A) costs jumping to
34.8% of revenue from 31.7% a year earlier.

The world's second-largest auction house, Sotheby's (NYSE: BID),
reported a disappointing third quarter and warned that
fourth-quarter and fiscal 2000 earnings would be below last
year's. Third-quarter sales dropped 6%, from $45.3 million last
year to $42.6 million, and losses from operations increased to
$0.45 per share, from $0.41. In addition, the company took a
pre-tax charge of $184.8 million, or $2.68 per share, as a
result of its settlement of shareholder lawsuits and an
antitrust investigation by the U.S. Department of Justice. The
company pleaded guilty last month to conspiring with its rival
Christie's on auction commission fees.

Check out yesterday's Foolish wrap-up with just one click.
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EDITORS' PICK

Does Intel have a future as king of all market niches it
touches? Two Fools debate the issue.
http://www.fool.com/m.asp?i=198639
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prohibited without the prior written consent of The Motley Fool.

.

MsgId:
msg-14936-2000-11-16_9-10-01-3300192_2_Plain_MessageAddress.msg-09:15:12(11-16
-2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


Rosalee, just heard back from Mr. Derr's assistant.  Unfortunately, he is
unable to attend. Please delete his name from the  letter/invitation. Thank
you. Chris


fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/23/2000 11:55
AM ---------------------------

John.Normand@enron.com@enron.com on 08/23/2000 11:47:29 AM
Sent by: Arlene.Chapman@enron.com
To: Mitch.Robinson@enron.com, Kay.Mann@enron.com,
John.Schwartzenburg@enron.com, Scott.Dieball@enron.com, Bob.Greene@enron.com,
Dennis.Alexander@enron.com, Brian.D.Barto@enron.com, Gavin.Gaul@enron.com,
Mark.Dobler@enron.com, Ross.Newlin@enron.com
cc:

Subject: Invitation - Westinghouse/Gleason iss (08/24/2000 12:30:00 PM CDT)

  (superscript: New meeting request from John Normand)

                08/24/2000 12:30 PM Local Time
                08/24/2000 02:00 PM Local Time

  Title:        Westinghouse/Gleason issues CR#5C1 - Lunch served
  (J.Normand, M.Robinson, K.Mann, J.Schwartzenburg, S.Dieball, B.Greene,
  D.Alexander, B.Barto, G.Gaul, M.Dobler, R.Newlin))
  Location:     -No room information available-

  Chair:        John Normand/ENRON_DEVELOPMENT

  To (required):   Mitch Robinson/Corp/Enron
  cc (optional):

     John Normand/ENRON_DEVELOPMENT wants you to attend a meeting.

On        08/24/2000 12:30:00 PM CDT
For       1 hour 30 minutes
With:          John Normand/ENRON_DEVELOPMENT (Chairperson)
          Mitch Robinson/Corp/Enron (Invited)
          Kay Mann/Corp/Enron (Invited)
          John Schwartzenburg/ENRON_DEVELOPMENT (Invited)
          Scott Dieball/ENRON_DEVELOPMENT (Invited)
          Bob Greene/ENRON_DEVELOPMENT (Invited)
          Dennis Alexander/ENRON_DEVELOPMENT (Invited)
          Brian D Barto/ENRON_DEVELOPMENT (Invited)
          Gavin Gaul/ENRON_DEVELOPMENT (Invited)
          Mark Dobler/NA/Enron (Invited)
          Ross Newlin/ENRON_DEVELOPMENT (Invited)

   Westinghouse/Gleason issues CR#5C1 - Lunch served (J.Normand,
M.Robinson, K.Mann, J.Schwartzenburg, S.Dieball, B.Greene, D.Alexander,
B.Barto, G.Gaul, M.Dobler, R.Newlin))


Hey Richard -- Are you available for a call at 11:00 my time? I'd like to go over tsome tag pricing/availability issues with you. -- Elliot

 -----Original Message-----
From: 	Ring, Richard
Sent:	Friday, August 31, 2001 9:54 AM
To:	Mainzer, Elliot
Subject:	RE:

Elliot,

Sorry that it has taken me so long to respond but we just migrated to "Outlook", which should be named "Outhouse" but nevertheless the states where EESI currently delivers physical power are:

Pennsylvania
Ohio
Maine
Massachusetts
Rhode Island
California
Texas
New York
New Hampshire

We are also looking at delivery capability in the near future within the following states:

Illinois
New Jersey
Maryland

Important to keep in mind that the physical delivery of electricity in all of the above cases may be limited to certain products and certain utilitity territories.

Regards,

Richard

 -----Original Message-----
From: 	Mainzer, Elliot
Sent:	Wednesday, August 29, 2001 1:36 PM
To:	Ring, Richard
Subject:

How many states are we actively offering direct access? I'd like this info for the Green Power group.

Elliot Mainzer
Renewable Power Desk
Enron North America
121 SW Salmon St.
3WTC-0306
Portland, OR  97201
(503) 464-3706
(503) 464-3740 (FX)
(503) 709-6959 (CL)


How's you day going?  Mine's much better.  Haven't heard from Canada all
day.  Did you come in early today?


My pleasure.  Reading all that should keep you busy for awhile!
 -----Original Message-----
From: 	Fox, Anna
Sent:	Monday, November 05, 2001 6:32 AM
To:	Jones, Tana
Subject:

I have just arrived back from holiday to your lovely package of ISDA goodies.

Thank you very much.

Kind regards,

Anna Fox
x.36403


- 10_16_01LO.xls


-----Original Message-----
From:  JBennett <JBennett@GMSSR.com>@ENRON
[mailto:IMCEANOTES-JBennett+20+3CJBennett+40GMSSR+2Ecom+3E+40ENRON@ENRON.com]
Sent: Thursday, July 12, 2001 1:49 PM
To: Frank, Robert; Kingerski, Harry; 'Jeff Dasovich (E-mail)'; 'John Klauberg
(E-mail)'; 'Jim Steffes (E-mail)'; Lawner, Leslie; Smith, Martin;
Neustaedter, Robert; Williams, Robert C.; 'Scott Stoness (E-mail)'; 'Sue Mara
(E-mail)'; 'Tamara Johnson (E-mail)'; 'acomnes@enron.com'
Cc: 'gfergus@brobeck.com'; 'mmolland@brobeck.com'; Sanders, Richard B.;
'vsharp@enron.com'; 'jfrizzell@gibbs-bruns.com'
Subject: CPUC Bi-Weekly Update

Attached is the bi-weekly update of events occurring at the California
Public Utilities Commission. As usual, call with any questions.

 <<X20615.DOC>>

Jeanne Bennett

 - X20615.DOC


Dear Dr. Lay: I have worked for 4 years in Enron and wanted to share what working at your company has meant to me.

Enron has been a life changing experience.  A positive life changing experience!  I wish that it wasn't all ending this way (as I am sure you are) but even knowing what I know now, I would still have joined Enron.  I like many people in Enron have come from much smaller, provincial companies that had a more traditional culture.  While they may been more stable, they never would have presented the high quality work opportunities that Enron did.  I have become a more employable and confident person because of Enron.  While there were some aspects of the company's culture and practices that I found questionable, there's no question that my life will be better because I joined your company.  Enron gave me a chance to escape a mediocre professional life and allowed me to realize what I am capable of -- and many companies can't lay claim to that.  I don't know what my immediate future holds-- but I'm sure it will be better than if I had stayed with my old employer.   Thank you for giving me this opportunity.

I'm sure these are trying days for you and I sense that the work you are doing now is more of a labor of love than any type of obligation.  Good luck in the future.

Best Regards,
VV Rao,
Director, Origination,
Global LNG Group


Looks like a good deal to me!  If anybody is interested please contact
Russell directly.
56cm Black with Red
Price: 700.00 (OBO) First come first serve
Contact information:
Home number 713.228.9344
Office Phone 713.853.1597
Email: Russell.Servat@Enron.com <mailto:Russell.Servat@Enron.com>
Thanks for your help.

Russell

Amelia Alder
Enron Transportation Services
P.O. Box 1188
Suite 3AC3120
Houston, TX 77251-1188
Tel: 713-646-6569
Fax: 713-345-5755
amelia.alder@enron.com


Jim:
Here is a draft copy of NewCo's trading, risk management & backoffice
presentation.  The last page is still being worked through. Thanks!
Ben Rogers


Kim -- per your request.


Hertzberg press conference on proposed legislation from Democratic Caucus

Here is my personal favorite: "Ensure power by requiring new power plants to
enter into purchasing agreements with the state."

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 02/08/2001 11:29 AM -----

	"Allen, Stevan" <stevan.allen@edelman.com>
	02/08/2001 11:21 AM

		 To: "Beiser, Megan" <Megan.Beiser@edelman.com>, "''nplotkin@tfglobby.com' '"
<nplotkin@tfglobby.com>, "'Aaron Thomas (E-mail) (E-mail) '"
<athomas@newenergy.com>, "'Andrea Weller (E-mail) (E-mail) '"
<aweller@sel.com>, "'andrew Chau (E-mail) (E-mail) '" <anchau@shellus.com>,
"'Bill Chen (E-mail) (E-mail) '" <bchen@newenergy.com>, "'Douglas Oglesby
(E-mail) (E-mail) '" <doao@chevron.com>, "Fairchild, Tracy"
<tracy.fairchild@edelman.com>, "'Jeffrey Hanson (E-mail) (E-mail) '"
<jeff.hanson@phaser.com>, "'jennifer Chamberlin (E-mail) (E-mail) '"
<jnnc@chevron.com>, "'john Barthrop (E-mail) (E-mail) '"
<jbarthrop@electric.com>, "'John Leslie (E-mail) (E-mail) '"
<jleslie@luce.com>, "'Joseph Alamo (E-mail) (E-mail) '" <jalamo@enron.com>,
"''Michael Nelson' (E-mail) '" <mnelson@electric.com>, "'Mona Petrochka
(E-mail) '" <mpetroch@enron.com>, "'Peter Bray (E-mail) (E-mail) '"
<pbray@newpower.com>, "'Rebecca Schlanert (E-mail) (E-mail) '"
<rschlanert@electric.com>, "'Richard Counihan (E-mail) (E-mail) '"
<rick.counihan@greenmountain.com>, "''Robert Morgan' (E-mail) '"
<rmorgan@newenergy.com>, "'Sue Mara (E-mail) (E-mail) '" <smara@enron.com>
		 cc: "Warner, Jami" <jami.warner@edelman.com>, "Manuel, Erica"
<Erica.Manuel@edelman.com>, "Fairchild, Tracy" <tracy.fairchild@edelman.com>,
"Anderson, Kristin" <Kristin.Anderson@edelman.com>
		 Subject: AReM: Hertzberg Update

AReM Team:

Here is report from Hertzberg news conference:

Democratic Caucus announced a package of bills to increase the supply of
electricity and cut down on demand through energy efficiency.

The package being introduced will produce more than 750 megawatts and save
1,200 megawatts over the next few years.

Said the energy efficiency package may save as many as 500 megawatts,
equivalent to a new power plant.

Demos presented a four bill package aimed at rapidly increasing and
stabilizing the supply of power available to the demands of residents and
businesses. The bills would:

Provide $50 million to establish an incentive program to encourage business
to install clean and modern on-site generation.

Provide $150 million to develop clean and efficient renewable energy supply

Allow plants up to 100 megawatts to be cityby local government andnot
through Energy Commission review

Ensure power by requiring new power plants to enter into purchasing
agreements with the state.

They also introduced five bills to provide funding to"

Replace energy inefficient appliances like refrigerators and air
conditioners;
Give schools grants and loans to decrease consumption
Provide 50 percent grants and 50 percent loans to local governments to
retrofit buildings;
Establish a Mobile Efficiency Brigade with $100 million in grants to
nonprofits to hire a team of people to distribute low-energy lightbulbs to
residences, saving 125 megawatts, but help other conservation programs get
started twell before the summer by providig people to do the work while
learning new skills.

-----Original Message-----
From: Beiser, Megan
To: 'nplotkin@tfglobby.com'; Aaron Thomas (E-mail) (E-mail); Andrea Weller
(E-mail) (E-mail); andrew Chau (E-mail) (E-mail); Bill Chen (E-mail)
(E-mail); Douglas Oglesby (E-mail) (E-mail); Fairchild, Tracy; Jeffrey
Hanson (E-mail) (E-mail); jennifer Chamberlin (E-mail) (E-mail); john
Barthrop (E-mail) (E-mail); John Leslie (E-mail) (E-mail); Joseph Alamo
(E-mail) (E-mail); 'Michael Nelson' (E-mail); Mona Petrochka (E-mail); Peter
Bray (E-mail) (E-mail); Rebecca Schlanert (E-mail) (E-mail); Richard
Counihan (E-mail) (E-mail); 'Robert Morgan' (E-mail); Sue Mara (E-mail)
(E-mail)
Cc: Allen, Stevan; Warner, Jami; Manuel, Erica; Fairchild, Tracy; Anderson,
Kristin
Sent: 2/8/01 11:40 AM
Subject: Several Press Briefings in Sacramento today

AReM-ers,

It's a busy day today for press briefings as you can see from the
schedule below.  We'll be covering these events this morning and will
get news releases, press materials from all as well.

We will provide updates as soon as possible and get them out to you.

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

9 a.m., SACRAMENTO _ State Treasurer Phil Angelides
holds
media briefing to discuss issuance of energy-related bonds, 915 Capitol
Mall, room 110. Contact: Colleen Beamish, 916-653-4052.

9:30 a.m., SACRAMENTO _ Assembly Speaker Robert Hertzberg and others
discuss legislation to promote energy conservation and increase power
supplies, Capitol, room 317. Contact: Paul Hefner, 916-319-2408.

11:30 a.m., YUBA CITY _ Gov. Gray Davis discusses his plans to increase
electricity generating capacity in California, Sutter power plant
project,
5087-A South Township Rd. Contact: 916-445-4571.

Noon, SACRAMENTO _ Republican lawmakers hold news conference to discuss
failure of parent companies to keep their utility subsidiaries
sufficiently
solvent to serve the public interest, Capitol, room 1190. Contact: Wade
Teasdale, 916-445-3731.


-----Original Message-----
From: Chris Bondy
Sent: Tuesday, October 09, 2001 1:38 PM
To: 'Richard Kampmann'
Subject: RE: Baseball Trivia

2/9 not very good

-----Original Message-----
From: Richard Kampmann [mailto:rkampmann@yahoo.com]
Sent: Tuesday, October 09, 2001 1:34 PM
To: John Yazzo; Mike Sussmann; Jeff Tucker; Kevin Ruscitti; Manny
Sakellakis; Dick Schwartz; Neil Pollio; Petie Reist; Gregg Oliver; Patti
Nunn; Kevin O'Shea (w); Ed Olimpio; Neil McGovern (w); Mike Miller; Rich
Moller; Rich Langell; King Stephanie Lubben; Mike Malaga; John Kampmann,
Jr.; Haj Keswani; Peggy Ron Hardiman; Jimbartie; Dave Juliana; Peter
Gould; Steve Grossmann (w); Gus; Marty Gilligan; Ted Susan FitzGerald;
Doug Garrett; Scott Linda Eveland; Dave Distaso; Phil Emma; Jim Claffey
(w); Frank Conway; John Kristie Coyle; Rob Crise; Rob DiLeo; Jeff
Brusak; Bob Buono; Chris Castagna; Virginia Augusta; Chris Bondy; Gordon
Brooks (w)
Subject: Baseball Trivia

I figured we all needed a break from all the 9/11 and Retaliation news
we've received lately.

To get everyone in the postseason frame of mind here is a trivia
question I'm sure will stump the most avid basebvall fan.

There has been an MVP who reveived the award two years in a row at each
position (center field has two), including at pitcher.  Name them.

I will share the answers in a future email.  I'm thinking Bert or DiLeo
are the only ones who have half a chance at this one.  Prove me wrong.

Pitcher :

Catcher:

First Base: (no it was not Rich Kampmann)

Second Base:

Third Base:

Short Stop:

Left Field:

Center Field:

Right Field:

  _____

Do You Yahoo!?
NEW from Yahoo! GeoCities - quick and easy web site hosting
<http://rd.yahoo.com/mail_us/tag/?http://geocities.yahoo.com/ps/info1> ,
just $8.95/month.


Please respond to Lyris ListManager You have been subscribed to enl-dailyupdate-txt with the email address
"vkamins@enron.com"

To unsubscribe, send a blank email to leave-enl-dailyupdate-txt-13662E@estutenws11.energy.williams.com


AA is all over me today.  Please get this for Mark.  Thanks.

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 01/16/2001
03:38 PM ---------------------------

Mark C Austin@ENRON
01/16/2001 08:43 AM
To: Darron C Giron/HOU/ECT@ECT
cc: Sharon Smith/AA/Corp/Enron@ENRON, Jennifer Stevenson/AA/Corp/Enron@ENRON
Subject: December Originations Request

Darren,

As part of our monthly testing we review the Originations Report and identify
items for which we would like to view additional documentation.  Could you
please provide the deal ticket, confirmation, and applicable forwards detail
for deal#EC3952.32?  Any additional information on this deal would be
appreciated as well.

Thank You,

Mark Austin
Arthur Andersen
ext. 68680


Vince, I am checking the date on Jeff's calendar (I'm assuming the date is
February 22?).  I am holding that date whole week for a trip abroad, but I
think we have some flexibility on that and am checking it out.  I'll be back
in touch as soon as I've resolved that.  SRS

Vince J Kaminski@ECT
09/20/2000 11:41 AM
To: Jeff Skilling/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON

Subject: University of Texas conference on energy finance, February 2001

Jeff,

Our friends at the University of Texas are planning a conference on energy
economics and finance in February of next year. They would like very much to
have
you as a keynote speaker.

Given our good, long-term  relationship with UT,  I would recommend
that you speak at this conference. I talked to Prof. Ehud Ronn
a few times about the program and  I think that this will be
an excellent forum to present Enron's accomplishments and
agenda for the future.

I am sure that Rick Causey will join me in making the same recommendation.

Vince


Mark, I hope you can help me with two things further to our meeting last
Thursday re the swap rep in our commodity agreements:

I'm trying to track down the evolution of EES's swap rep.  Would you send me
a copy of ENA's swap rep so that I can confirm that EES uses the same one?
Paige is out on parental leave.  Georgeanne Hodges recommends I speak to Cris
Sherman.  Do you agree, or would you suggest someone else?

Thanks for your help.

Melinda
---------------------- Forwarded by Melinda Winn/HOU/EES on 06/15/2000 03:44
PM ---------------------------
From: Georgeanne Hodges@ECT on 06/14/2000 03:56 PM
To: Melinda Winn/HOU/EES@EES
cc:
Subject: Customer Representation

Melinda,

I'm sorry to pass you off to someone else, but I really am not the right
person to answer this.  I would try the transaction accounting department
either in ENA or EES.  In ENA, I would speak to Cris Sherman or in EES, I
believe that it is Wade Stubblefied.
---------------------- Forwarded by Georgeanne Hodges/HOU/ECT on 06/14/2000
04:44 PM ---------------------------

Mary Lynne Ruffer
06/14/2000 03:18 PM
To: Georgeanne Hodges/HOU/ECT@ECT
cc:
Subject: Customer Representation

---------------------- Forwarded by Mary Lynne Ruffer/HOU/ECT on 06/14/2000
04:15 PM ---------------------------

	Enron North America Corp.

	From:  Donna Jones                           06/09/2000 02:22 PM

To: Georgeanne Hodges/HOU/ECT@ECT, Mary Lynne Ruffer/HOU/ECT@ECT
cc:
Subject: Customer Representation

---------------------- Forwarded by Donna Jones/HOU/ECT on 06/09/2000 02:17
PM ---------------------------

Melinda Winn@EES
06/08/2000 02:27 PM
To: Paige B Grumulaitis/HOU/ECT@ECT
cc: James E Keller/HOU/EES@EES, Mark Taylor/HOU/ECT@ECT, Susan
Wheeler/HOU/EES@EES
Subject: Customer Representation

Paige, Mark Taylor suggested I speak to you re the GAAP aspect of the bold
language in the provision set out below.  This provision, which we refer to
as the "swap rep," is based on a Commodities & Futures Trading Commission
regulation and is in our commodity forms.  Could I calculate these amounts
per GAAP, i.e, does GAAP define "tangible net worth"?  Does GAAP define "net
worth"?  If GAAP does not define "tangible net worth" or "net worth," does it
speak to the components that would make up these terms?  Which "value" would
be applicable per GAAP - book, fair market or some other value?

Additional Representations and Warranties of Customer.  Customer further
represents and warrants that (a) it has entered into this Agreement based
solely upon the express representations and warranties set forth in this
Agreement; (b) it has received a notice from EESI with respect to the
disclosure of certain customer information to EESI by Utility(ies) and has no
objection to such disclosure; (c) whenever EESI exercises an EESI Energy
Sales Option, Customer shall purchase energy from EESI to satisfy the energy
requirements of each Facility and shall not resell any portion of such energy
to any third party; (d) it either (i) owns assets with a value in excess of
ten million dollars ($10,000,000) or (ii) has a tangible net worth in excess
of one million dollars ($1,000,000), in each case calculated according to
generally accepted accounting principles consistently applied; and (e) it is
a producer, processor, commercial user of, or merchant handling the commodity
subject to this Agreement or the product or by-products thereof, and it has
entered into this Agreement solely for non-speculative purposes related to
its business as such.

Please call me with any questions or to discuss further.  Also, please let me
know if you want to forward this inquiry to anyone else.  Thanks in advance
for your help.

Melinda Winn
3.5940


Soon, soon, soon.  Last minute changes to the house.  I'll probably have a
big open house within a couple of months, but I'll have you over sooner.  My
dogs are moving to Connecticut Friday, so after then.

Congrats on a great year.

Jeff

Sandra F Brawner
01/02/2001 04:43 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: "Thank You !!"

Jeff,

Just a quick note to say "thank you" for your comments at year end.  I
sincerely appreciated your comments and support.
I hope your Holidays were safe, healthy, and happy.  Say when am I going to
see that new home of yours?  You know it is hard to continue to live
vicariously through you if I don't know what to picture!

Sandra


Rich

Some of the traders interviewed Key on Friday and unfortunately he didn't
perform very well.  I think we are going to have to pass on him.

Thanks for the cooperation.


The request was for 1.5 availability info to verbally give at AWEA to
prospective clients.  The following 2002 U.S. info is based on Vestas
Availability, as coordinated with Ilan Caplan, and the European availability
is based on availability as defined in Europe.  Vestas availability is a
marketing availability that takes as many credits for "allowable" downtime as
Vestas did for the V-27 turbines and we assume they take credit for in more
recent turbines.   The leaning towers at Trent are removed.  The U.S.
Weighted Avg is averaged over the number of turbines.  Therefore, Trent and
Desert Sky have a much stronger influence than smaller projects.  None of
these availabilities are contractual availabilities used for availability
penalty or incentive payments and are not reported to owners.

    Jan  Feb  Mar  Apr
Klondike   92.3  94.7  96.3  96.9
Desert Sky   83.1  89.3  95.4  96.9
Montfort    95.2  99.0  98.4  98.8
Mill Run    95.9  96.7  95.1  97.9
Somerset   93.7  97.4  96.8  97.1
Trent    92.4  91.5  88.2  89.8
Fenner    97.2  93.4  94.6  96.3

U.S. Weighted Avg  89.5  91.8  93.0  94.5

Europe    94.6  93.7  94.8  95.6


FYI
---------------------- Forwarded by Phillip M Love/HOU/ECT on 03/27/2001
01:47 PM ---------------------------

	Enron North America Corp.

	From:  Irena D Hogan                           03/27/2001 01:35 PM

To: John Valdes/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT,
Greg Couch/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Martha
Stevens/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Elizabeth
Soto/HOU/ECT@ECT, Alexander R Gonzales/NA/Enron@ENRON
cc:
Subject: Lunch for 1rst Business Day of Month

Per Jeff Gossett,

 Going forward,  we will be ordering lunch for the 1rst business day of each
month.  So, we will have lunch brought in on this coming Monday, April 2.

Thank you


Su's son Bill sent this to me. Thought you might enjoy--if you haven't seen
already.
Happy weekend!
Sandy

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To: southerngents@listbot.com
Message-ID: <882569EC.005D0D51.09@GWSMTPSCLA02.mis.amat.com>
Date: Wed, 7 Feb 2001 10:55:54 -0600
Subject: Fw: Texanisms ; )
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You know, I haven't even heard alot of these

Now that we have a Texan in the White House, we need to be aware of the language
code:

1. The engine's runnin' but ain't nobody driving = Not overly-intelligent
2. As welcome as a skunk at a lawn party =(self-explanatory)
3. Tighter than bark on a tree = Not very generous
4. Big hat, no cattle = All talk and no action
5. We've howdied but we ain't shook = We've made a brief acquaintance,  but not
been formally introduced
6. He thinks the sun come up just to hear him crow = He has a pretty high
opinion of himself
7. She's got tongue enough for 10 rows of teeth = That woman can talk
8. It's so dry the trees are bribin' the dogs = We really could use a little
rain around here
9. Just because a chicken has wings doesn't mean it can fly = Appearances can be
deceptive.
10. This ain't my first rodeo = I've been around awhile.
11. He looks like the dog's been keepin' him under the porch = Not the most
handsome of men
12. They ate supper before they said grace = Living in sin
13. Time to paint your butt white and run with the antelope = Stop arguing and
do as you're told
14. As full of wind as a corn-eating horse = Rather prone to hot air
15. You can put your boots in the oven, but that don't make em' biscuits = You
can say whatever you want about something, but that doesn't change what it is.


here's a funny one....Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 12/15/2000
02:03 PM ---------------------------

Richard Shapiro@ENRON
12/15/2000 01:36 PM
To: James D Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Steven J
Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Robert
Frank/NA/Enron@Enron, Susan M Landwehr/NA/Enron@Enron, Steve
Walton/HOU/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Jose
Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey A Shankman/HOU/ECT@ECT,
Lisa Yoho/NA/Enron@Enron, Tom Briggs/NA/Enron@Enron, Karen
Denne/Corp/Enron@ENRON, Cindy Derecskey/Corp/Enron@Enron, Ginger
Dernehl/NA/Enron@Enron, Maureen McVicker/NA/Enron@Enron
cc:
Subject: The final word

Jim- I do have faith.

 BREAKING NEWS!
>
>  GOD OVERRULES SUPREME COURT VERDICT
> Bush to be smitten later today
>
> (Vatican) In a stunning development this morning, God invoked the "one
> nation,
> under God" clause of the Pledge of Allegiance to overrule Tuesday night's
> Supreme Court decision that handed the White House to George Bush.
>  "I'm not sure where the Supreme Court gets off," God said this morning on
a
> rare Today Show appearance, "but I'm sure as hell not going to lie back
and
> let
> Bush get away with this nonsense." "I've watched analysts argue for weeks
> now
> that the exact vote count in Florida 'will never be known.' Well, I'm God
> and I
> DO know exactly who voted for whom. Let's cut to the chase: Gore won
Florida
> by
> exactly 20,219 votes."
>
> Shocking political analysts and pundits, God's unexpected verdict
overrules
> the
> official Electoral College tally and awards Florida to Al Gore, giving him
a
> 289-246 victory. The Bush campaign is analyzing God's Word for possible
> grounds
> for appeal.
>
>  "God's ruling is a classic over-reach," argued Bush campaign strategist
Jim
> Baker. "Clearly, a divine intervention in a U.S. Presidential Election is
> unprecedented, unjust, and goes against the constitution of the state of
> Florida."
>
> "Jim Baker's a jackass," God responded. "He's got some surprises ahead of
> him,
> let me tell you. HOT ones, if you know what I mean." God, who provided the
> exact
> vote counts for every Florida precinct, explained that bad balloting
> machinery
> and voter confusion were no grounds to give the White House to "a friggin'
> idiot." "Look, only 612 people in Palm Beach County voted for Buchanan.
Get
> real! The rest meant to vote for Gore. Don't believe me? I'll name them:
> Anderson, Pete; Anderson, Sam, Jr.; Arthur, James; Barnhardt, Ron..."
>
> Our Lord then went on to note that he was displeased with George W. Bush's
> prideful ways and announced that he would officially smite him today. In
an
> act
> of wrath unlike any reported since the Book of Job, God has taken all of
> Bush's
> goats and livestock, stripped him of his wealth and possessions, sold his
> family
> into slavery, forced the former presidential candidate into hard labor in
a
> salt
> mine, and afflicted him with deep boils.
>
> Dick Cheney will reportedly receive leprosy.
>                                    -30-
>
>


--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=AZIPPER>
To: 'david.oconnor@ubsw.com'
Date: Monday, December 10, 2001 2:36:33 GMT
Subject:

 -----Original Message-----
From: 	Whiting, Greg
Sent:	Friday, December 07, 2001 3:01 PM
To:	Zipper, Andy
Cc:	Hodges, Georgeanne
Subject:	COF Curves for Andy Zipper.xls

Andy,

Here is the curves that were used to calc the 9/30 Cost of Funds for EWS.

				Greg x35399

--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=AZIPPER>
To: 'david.oconnor@ubsw.com'
Date: Friday, December 7, 2001 8:20:12 GMT
Subject:

Dave,

I am being told that the books and records of Enron's trading units are on aggregate marked off of a cost of funds curve. I should have that curve to you first thing Monday morning. Sorry about the delay but it is hard to get certain things done in a timely fashion around here right now.

Andy

--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=AZIPPER>
To: 'david.Oconnor@UBSW.com'
Date: Friday, December 7, 2001 8:06:26 GMT
Subject:

Dave,
This is the interest rate curve we used to value our book as of Close of business Oct. 15, 2001. Our Treasury guys are either not available now or are not working anymore. So for getting the term structure of Enron's funding costs for 10/15/01 I probably can't deliver that today. I still think your money desks and corporate traders could give you a pretty realistic picture of that. I will keep trying though.

Andy Zipper
 -----Original Message-----
From: 	Griffith, John
Sent:	Friday, December 07, 2001 2:00 PM
To:	Zipper, Andy
Subject:

--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=AZIPPER>
To: 'David.Oconnor@UBSW.com'
Date: Friday, December 7, 2001 8:00:05 GMT
Subject:


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/24/2000
04:48 PM ---------------------------

Paulo Issler
02/24/2000 02:33 PM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
cc:
Subject: LJM

Vince/Stinson:

The following is an update on LJM deal:

1) I participated on a conference call with AA (Jitendra and others) and our
Accounting/Credit Group (Wes, Bill Bradford and others) yesturday, in which
we discussed the best approach for definining credit reserves at year-end for
the puts we own.
2) A big chunck of the meeting was dedicated to explain AA the details of the
deal. Little progress was made on achieving the meeting's goal.
3) Apparently, Accounting did want to expose the calculation we made for puts
value that considers credit risk - the two factor model we developed. That
line of action was implied on a pre-meeting we had early that morning. From
my understanding, Accounting argues that we should not make any credit
reserve because we could not liquidate our position by year-end.
4) At a certain point Jintendra suggested me to use a two factor
MC-simulation for calculating the position with credit risk. The approach is
actually a more simplified version of the model we have. I and nobody
mentioned the results we got from our 2-factor model.
5) At that same afternoon I knew from Accounting that we are in a process of
unwinding our position.

These are the main points. Please let me know if need more details.

Paulo Issler


Are you going to return my e-mail?
Toomer, Freeman, and Mcnabb for Bruce.

That is a great deal for you.


We are planning a meeting with the teams lead by Meredith,  Mark Evans and Mary Lynne Ruffner this afternoon - you should be getting information from Meredith shortly with time and location.  During that meeting we will clarify this memo for everyone.  --Sally
 -----Original Message-----
From: 	Hong, Neil
Sent:	Monday, May  7, 2001 9:14 AM
To:	Beck, Sally
Subject:	Organization Announcement

Sally,

help!! what does this exactly mean to me & my group??

Regards,
NH
---------------------- Forwarded by Neil Hong/HOU/EES on 05/07/2001 09:13 AM ---------------------------
    Enron Americas - Office of the Chairman
From:	Enron Americas - Office of the Chairman@ENRON on 05/04/2001 08:17 AM
Sent by:	Enron Announcements@ENRON
To:	All Enron Worldwide
cc:
Subject:	Organization Announcement

Given the growth in EES it has become apparent that it is time to consolidate the risk functions between EES and EWS.  This will provide EES with the systems, resources and risk expertise of the wholesale energy groups necessary for it to continue to grow and take advantage of current market opportunities.

With this in mind and in agreement with the management of EES, two new risk groups inside Enron Americas will be formed to provide EES with pricing, structuring, retail and wholesale commodity risk management, logistics and back-office services.  These groups main function is to provide these services to EES.  We have asked Rogers Herndon, currently Vice President-Trading in the Eastern Power Group to manage this function in the Eastern Interconnect (this includes both gas and power).  Rogers will continue to report to Kevin Presto.  We have asked Don Black, formerly Vice President-EES Risk Management and Sourcing, to manage this function in the Western U.S.  Don will manage this group from Houston and will report to Tim Belden.

These groups will work very closely with EES to pursue shared goals while ensuring close coordination with the wholesale gas and power trading organizations.

These changes are effective immediately.  Please congratulate Rogers and Don on their new roles.

John Lavorato & Louise Kitchen

<Embedded Picture (Device Independent Bitmap)>


Nope...


Over the last few months, we have been discussing our standard E-mail
platform with you, our customer.  Your feedback from the various
demonstrations, surveys and Technology Showcases validated that E-mail is a
vital part of your ability to communicate effectively.  However, your
feedback also indicated that you need your E-mail client to have additional
functionality and increased integration with other applications you use.
Therefore, to meet the demands of our fast-paced business, Enron Net Works is
standardizing our E-mail platform by deploying Microsoft Outlook 2000 to all
the Business Units we currently support for messaging.  (Project plans for
EBS, EES and Azurix are still being finalized and will be communicated
separately.)

This conversion from Lotus Notes to Outlook 2000 will improve your ability to
communicate and provide a more consistent look and feel across the standard
office applications you use on a daily basis.  We are excited about this
opportunity to provide a more robust, full function solution for your
messaging needs.   To provide you with additional details about the
conversion from Lotus Notes to Outlook 2000, we are including a list of
frequently asked questions about this project.

How does this project affect me?
Your current Lotus Notes E-mail system will be converted to Microsoft Outlook
2000.

What is Microsoft Outlook 2000?
Outlook 2000 is the messaging client you will use to read your E-mail, update
your calendar and personal address book, record to do lists, etc.

Why are we switching to Outlook 2000?
Outlook 2000 integrates more effectively with our new operating system,
Windows 2000, and the Microsoft products that Enron currently uses. With
Outlook 2000, we can provide you with a more robust mail platform including
the following new features:

Instant Messaging ) Ability to send person-to-person, immediate, pop-up
messages.
Improved Palm/CE Synchronization ) Allows for simpler and quicker updates of
your hand held device from multiple places.
Conferencing Server ) Ability to conduct video conferences from your desktop.
Web Access ) Ability to retrieve your Enron E-mail via a browser.
Fax Integration ) Ability to send/receive faxes from your E-mail Inbox.
Voice Mail Integration ) Ability to have your voice mail delivered to your
E-mail Inbox for retrieval.

When will the Outlook 2000 rollout start and when will I get it?
The pilot will begin in late October with the production rollout beginning in
late November.  We are finalizing our Business Unit rollout schedule.
Additional information will be provided to all business units as it becomes
available.  Project updates will be posted on the Project section of the IT
Central web site at http://itcentral.enron.com.  Additionally, you may send
questions to Outlook.2000@enron.com, and a member of the project team will be
happy to address these individually.


MARTIN,
AS A TREE LOVER AND NEIGHBOR I THANK YOU.
PENNY FOX

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----- Forwarded by Tana Jones/HOU/ECT on 05/15/2001 04:37 PM -----

	ARSystem <ARSystem@mailman.enron.com>
	05/15/2001 03:48 PM

		 To: "tana.jones@enron.com" <tana.jones@enron.com>
		 cc:
		 Subject: Request Closed: Access Request for denis.o'connell@enron.com

The request has been completed with all resources requested either completed
or rejected. You can view the details of the  request by clicking
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000034917&Page=
MyReq.


Tammi here is the Master Draft sent to Sandra in February.

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


We can go out this weekend


FERC has not yet issued on the list of panel participants for the November 9
conference, but we will circulate it as soon as it is posted on FERC's web
site.  I did speak to Julie Simon at EPSA, however, and she told me that
based on calls she has received all day from EPSA members, that it looks like
FERC is mixing up the panels so that they will not be put together by market
participant class.    Julie has heard that each panel will have approximately
6 people, and each person will be given 5 minutes to make a presentation.
Each panel will have 90 minutes total, so FERC is probably planning on having
a significant dialogue with each panel after formal comments are made.

Also, Scott Miller called Julie today and told her that FERC is feeling
somewhat beleaguered by industry response to the California order.  FERC
feels that they issued a good order for marketers and generators, and they
would like to hear positive responses from market participants at the meeting
on Thursday and in the written comments on November 22.  We of course will be
expected to state our positions, but Scott asked that we (EPSA members)
temper our comments and recognize and praise FERC for the bold action it took
in the order (on things like governance, buy/sell requirement, etc.) in
addition to raising our concerns about the price mitigation measures.

Please let me know if you have any questions.  We'll let you know as soon as
we get the order for the November 9 meeting.

Sarah