Telecommunications Reports presents . . . . . TR's State NewsWire
February 7, 2001 8 A.M. Edition

STATES
GEORGIA -- PSC approves 'multiple overlay' for '678' area code
WYOMING -- Senate OKs Uniform Electronic Transactions Act
ILLINOIS -- Democrats appointed to committee that will address 'open
access'
FLORIDA -- PSC sets deadline for telecom firms to provide '711' relay
access
OHIO -- Bill to restrict e-mail advertising to be heard next week
IDAHO -- Bill directs PUC to open service-quality rulemaking
TEXAS -- AT&T asks commission not to delay USF review until 2003
HAWAII -- Lawmakers to consider 'open access' bill
MASSACHUSETTS -- Bill would forbid assessing elderly long distance
service charge
GEORGIA -- Legislator takes aim at drivers using hand-held wireless
phones
VIRGINIA -- Prison phone bill clears committee
MINNESOTA -- Legislators take aim at telemarketers
ILLINOIS -- Measure would prohibit Internet gambling
NEW YORK -- Verizon debuts new calling features in New York City

NETWORK MANAGEMENT
GEORGIA
PSC approves 'multiple overlay' for '678' area code

The Public Service Commission yesterday approved a "multiple overlay"
plan to relieve NXX code exhaustion in the "678" number planning area
(NPA), a commission staff member told TR.  A new area code will overlay
the 678 NPA, which is already an overlay for the "404" and "770" area
codes.

The relief plan will allow existing customers to keep the 678 area code
and will continue to require 10-digit dialing.  When the 678 NPA is
exhausted, code assignments will be made in the new overlay area code.
The 678 NPA has enough codes to last through August, and the new area
code is scheduled to take effect Aug. 7.  In addition, the remaining
codes in the 404 NPA will continue to be available until they are
exhausted.  (Docket no. 10448-U)

INTERNET
WYOMING
Senate OKs Uniform Electronic Transactions Act

The Senate has approved the Uniform Electronic Transactions Act (SB 116)
by a 27-3 vote.  SB 116 would give legal effect to electronic
signatures, ensuring that a record or signature wouldn't be denied legal
enforceability solely because it was in electronic form.

The measure would apply only to transactions where both parties have
agreed to conduct business through electronic means.  A party that
agreed to conduct a transaction by electronic means could refuse to
conduct other transactions electronically.  Additionally, no individual
could waive this right.

SB 116 wouldn't apply to wills, codicils, or testamentary trusts.  SB
116, which was sponsored by Sen. John Hanes (R., District 5) and Rep.
Bruce Burns (R., District 51), awaits committee referral in the House.

ADVANCED SERVICES
ILLINOIS
Democrats appointed to committee that will address 'open access'

The House Democratic leadership has appointed six members to the
Computer Technology Committee.  The Republicans likely will appoint
members to the committee by the end of this week or early next week, a
legislative staff member told TR.

Rep. Connie Howard (D., District 32) will chair the committee.  The
other Democratic members are Reps. Julie Hamos (District 18), Jay
Hoffman (District 112), Louis Lang (District 16), Todd Stroger (District
31), and Karen Yarbrough (District 7).

Rep. Jeffrey Schoenberg's (D., Evanston) proposed Internet Access
Enhancement Act has been referred to the committee.  (1/11/01 p.m.)  A
hearing has been scheduled for tomorrow but likely will be cancelled if
the Republican leadership has finalized its appointments.

HB 138 would require a provider of high-speed broadband Internet access
that also is a cable TV operator, or an affiliate of a high-speed
broadband Internet service provider, to allow any requesting ISP to
access its high-speed broadband services.  The access would have to be
provided at rates, terms, and conditions that are "at least as
favorable" as those that the broadband ISP provides to itself, an
affiliate, or any other person.

CUSTOMER-AFFECTING
FLORIDA
PSC sets deadline for telecom firms to provide '711' relay access

The Public Service Commission has set Aug. 1 as the deadline for the
state's telecom companies to provide speech- and hearing-impaired
customers with access to the Florida Relay Service through the "711"
telephone number.  The 711 number facilitates access to the relay system
by eliminating the need to dial an 11-digit toll-free number, which was
required until now and differs from one state to another.  The FCC has
ordered all states to implement 711 access to relay service by Oct. 1.

INTERNET
OHIO
Bill to restrict e-mail advertising to be heard next week

The Senate Economic Development, Technology, and Aerospace Committee has
scheduled a Feb. 13 hearing on a bill to prohibit the transmission of
unsolicited e-mail advertisements.  (2/5/01 a.m.)  The hearing is
scheduled for 11 a.m. in the Senate's South Hearing Room.

Under SB 8, the recipient of an e-mail advertisement transmitted in
violation of the legislation could bring a civil action against the
violator.  The recipient could recover actual damages or $10 per e-mail
advertisement and attorney's fees and court costs.

The committee held its first hearing on the bill yesterday, during which
its sponsor, Sen. Ron Amstutz (R., District 22), testified.  The
committee will hold at least three more hearings on the measure, a
legislative staff member told TR.

Many different parties have expressed interest in SB 8, but no one has
come out in strong opposition or support of it, the staff member said.

CUSTOMER-AFFECTING
IDAHO
Bill directs PUC to open service-quality rulemaking

A bill has been introduced in the House that would direct the Public
Utilities Commission to open a rulemaking to set new telecom
service-quality standards.  HB 127 would require the commission to draft
rules that would apply to all telecom services necessary to provide
local exchange service.

The commission currently only has one rule related to service quality,
which addresses restoration of service, the PUC staff told TR.  The new
rules that would be drafted as a result of this bill would be much
broader, the staff said.

HB 127 would authorize the commission to determine the appropriate
amount for administrative penalties if a provider failed to meet a
standard.  The assessed penalty for each unmet standard should be
proportionate to the number of affected customers and the frequency of
noncompliance with the standards, according to the measure.

HB 127, which was sponsored by the House State Affairs Committee, awaits
committee referral.

UNIVERSAL SERVICE
TEXAS
AT&T asks commission not to delay USF review until 2003

AT&T Corp. has asked the Public Utility Commission not to delay its
review of the Texas Universal Service Fund (USF) eligible services,
costs, benchmark levels, and base support amounts until March 2003, as
recommended by the PUC's policy development division.  AT&T suggested
that the PUC consider a limited review of the USF sharing mechanism
beginning in June, with a full review starting no later than one year
from now.  The company asked that the revised support levels be
determined by the end of 2002.

According to AT&T, the USF funding levels were derived from 1997 data.
The company asserted that since 1997, SBC Communications, Inc., and
Verizon Communications, Inc., have gained "substantial economies of
scale through merger activities."  AT&T added that toll and access rates
have declined "significantly" in state and interstate jurisdictions,
while local service rates have held steady, and only small increases in
end-user common line rates have occurred.

The company concluded that the benchmark revenues value for determining
state USF support is likely to have changed.  (Project no. 22472, USF
Rules Review)

ADVANCED SERVICES
HAWAII
Lawmakers to consider 'open access' bill

Rep. William Stonebraker (R., District 15) has introduced HB 1617 to
require each wireline broadband Internet access transport provider to
provide any other requesting Internet service provider access to its
broadband Internet services, unbundled from content.  Violators of HB
1617, the Internet Access Enhancement Act of 2001, would face up to 90
days in jail or a maximum fine of $5,000.

HB 1617 awaits consideration by the Consumer Protection and Commerce
Committee and the Judiciary and Hawaiian Affairs Committee.

PRICING
MASSACHUSETTS
Bill would forbid assessing elderly long distance service charge

Rep. George Rogers (D., New Bedford) has introduced a bill to prohibit
long distance telephone carriers from assessing a service charge against
elderly customers.  The measure doesn't define the term elderly.

Carriers that continued assessing the charge would be fined $1,000 per
day, per customer.  Fines would be paid into the state's Elderly Affairs
Secretariat for administering services for the elderly.  HB 1583 has
been referred to the Government Relations Committee.

WIRELESS
GEORGIA
Legislator takes aim at drivers using hand-held wireless phones

Sen. Donzella J. James (D., District 35) has introduced a bill to
prohibit drivers from using wireless phones not equipped for hands-free
use.  Violators of SB 115 would be guilty of a misdemeanor and subject
to a fine of up to $50.

The bill's text is available at
http://www.legis.state.ga.us/Legis/2001_02/fulltext/sb115.htm

PRICING
VIRGINIA
Prison phone bill clears committee

The House Committee on Health, Welfare, and Institutions has approved a
bill aimed at reducing rates paid by inmates for collect calls made from
prison.  HB 2196 would require any "commission" received by the
Department of Corrections from a company providing inmate phone service
to be used to reduce inmates' rates.

The State Corporation Commission recently decided to proceed with a Feb.
14 hearing to examine the rates charged by two Virginia subsidiaries of
WorldCom, Inc., for service provided to the state's inmate telephone
system.  (2/2/01 p.m.)  The SCC's investigation began last year when two
Department of Corrections inmates complained that the rates WorldCom
charges for collect calls placed by inmates are too high.

The bill, sponsored by Del. Flora Davis Crittenden (D., District 95) has
been referred to the Committee on Appropriations.  Its text is available
at http://leg1.state.va.us/cgi-bin/legp504.exe?011+ful+HB2196.

CUSTOMER-AFFECTING
MINNESOTA
Legislators take aim at telemarketers

Sen. Dallas Sams (D., District 11) has introduced SF 566 to require
telemarketers to obtain an authorization form from a customer for an
electronic charge discussed during a telephone call.  The authorization
would have to be either written authorization from the customer or an
oral or written statement from the customer disclosing the last four
digits of the account number.

During a telemarketing call to a preacquired account, a telemarketer
would have to disclose to the customer the authorization policy
established by the legislation.

INTERNET
ILLINOIS
Measure would prohibit Internet gambling

Rep. Lee Daniels (R., Elmhurst) has introduced HB 545 to make Internet
gambling a Class A misdemeanor.  The bill has been referred to the House
Rules Committee.

The measure would prohibit knowingly playing "a game of chance or skills
for money or other thing of value by means of the Internet" or knowingly
making a wager on "the result of any game, contest, political
nomination, appointment, or election by means of the Internet."

ADVANCED SERVICES
TEXAS
PUC sets xDSL working group meeting

The Public Utility Commission has scheduled a Feb. 20 meeting of the
xDSL (digital subscriber line) working group.  The PUC expects to
discuss Southwestern Bell Telephone Co.'s xDSL performance.
Specifically, participants will address basic rate interface/integrated
services digital network digital subscriber line provisioning.  (Project
no. 20400, Section 271 Compliance Monitoring of Southwestern Bell
Telephone Co. of Texas)

CUSTOMER-AFFECTING
NEW YORK
Verizon debuts new calling features in New York City

Verizon New York, Inc., has started offering two new services--Talking
Call Waiting and Internet Call Manager--to its customers in New York
City.  Talking Call Waiting enhances standard call waiting by using a
computerized voice to announce the name of the new caller.  Internet
Call Manager uses a pop-up window to notify customers of incoming calls
while they are on the Internet using the same phone line, using a pop-up
window.

The company said a third new service, Call Intercept, should be
available to Verizon's New York City customers by mid-year.  Call
Intercept blocks all calls from phone numbers that appear as "private'"
or "unavailable" on Caller ID displays.  Callers will be offered the
opportunity to record a message, which subscribers can listen to
immediately and decide whether to take the call.

Talking Call Waiting is $2.50 per month.  Subscribers also must have
call waiting, which is $5.19 for residential customers and $11.68 for
small business customers.  Internet Call Manager is priced at $5.95
monthly for residential customers.

Federal law prohibits duplication in any form, including electronic,
without permission of the publisher.

TR's State NewsWire Copyright 1998, 1999, 2000 Telecommunications
Reports International, Inc. (ISSN 1082-9350) is transmitted each
business day at 8 a.m. and 2 p.m., except holidays.
Telecommunications Reports International, Inc.
1333 H St. NW, Suite 100-E
Washington, DC 20005-4707

Associate Editor for Online Publications: Jennifer Erschen, E-mail:
jerschen@tr.com
Senior Legislative & Regulatory Analyst: Gayle Kansagor, E-mail:
gkansagor@tr.com
Senior Research Analyst: Steve Arlowe, E-mail: sarlowe@tr.com
Senior Analyst: Barney McManigal, E-mail: bmcmanigal@tr.com
Account Services: Eileen Callahan (202) 312-6116, (202) 842-3023 (fax)
E-mail: ecallahan@tr.com


Ernest - I was just wondering if I'll start getting e-mails reporting the
NP-15 and SP-15 indices. Are these reports generated? If so, who should I
contact to get them? Thanks for all your help in this matter.

Kate

djenergy <djenergy@dowjones.com> on 01/25/2001 01:26:06 PM
To:
cc: "Onukogu, Ernest" <Ernest.Onukogu@dowjones.com>

Subject: MeadMarketplace

 - MeadMktplace (2).xls


Start Date: 10/25/01; HourAhead hour: 16;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001102516.txt

Error retrieving HourAhead price data - process continuing...
---- Generation Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/25/01
  UNIT_ID: CALGEN_1_UNITS

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/25/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: CISO_EPMI_APS
  ENGY_TYPE: NFRM


FYI

----- Forwarded by Gerald Nemec/HOU/ECT on 05/30/2001 11:09 AM -----

	Gerald Nemec
	05/30/2001 11:04 AM

		 To: Barry Tycholiz/Enron@EnronXGate
		 cc:
		 Subject: Revised Agency

Attached is the revised Agency Agreement per our discussion and your notes.
A clean and redlined version are provided.  Please review.


Shortly after 2:00 central is fine.  I will call in the morning to confirm
phone numbers, etc.  Thanks.

-----Original Message-----
From: Gerald.Nemec@enron.com [mailto:Gerald.Nemec@enron.com]
Sent: Thursday, March 22, 2001 3:26 PM
To: Crawford, Ann
Subject: RE: FW: ENRON DRAFT ENFOLIO AGREEMENT AND COMMENTS

Would it be possible to do this call tomorrow afternoon?  About 1:30 or
2:00 central time.  My morning is a little tight.

                    "Crawford,

                    Ann"                 To:     "'Gerald.Nemec@enron.com'"
<Gerald.Nemec@enron.com>
                    <AnnCrawford@        cc:     "McClelland, Keith"
<KeithMcClelland@aec.ca>, "Horth, Daniela"
                    aec.ca>              <DanielaHorth@aec.ca>, "McGeachie,
Ryan" <RyanMcGeachie@aec.ca>
                                         Subject:     RE: FW: ENRON DRAFT
ENFOLIO AGREEMENT AND COMMENTS
                    03/22/2001

                    12:26 PM

Gerald,

Keith McClelland (AMUS lawyer), Daniela Horth (Contract Administrator for
AEC Storage and Hub Services Inc. and Wild Goose Storage Inc.)  and I are
available tomorrow morning between 10 and 12 for a conference call.  I am
still trying to confirm that Ryan McGeachie (Credit Analyst) is available.
Does this time look okay for you?  Let me know and I can confirm everything
later today.

If you do have any written comments that would be useful for us to see
beforehand, please send them on to me by email or by fax (403-290-8479).

Thanks so much.

Ann

-----Original Message-----
From: Gerald.Nemec@enron.com [mailto:Gerald.Nemec@enron.com]
Sent: Wednesday, March 21, 2001 4:10 PM
To: Crawford, Ann
Cc: Russell.Diamond@enron.com; Mark.Whitt@enron.com
Subject: Re: FW: ENRON DRAFT ENFOLIO AGREEMENT AND COMMENTS

Ann,  I have completed the review of the comments to the Enfolio.  It might
make the most sense to discuss these over the phone to get quicker
resolution.  Are you available tommorrow afternoon to discuss the comments.

                    "Crawford,

                    Ann"                 To:     "'Gerald.Nemec@enron.com'"
<Gerald.Nemec@enron.com>
                    <AnnCrawford@        cc:

                    aec.ca>              Subject:     FW: ENRON DRAFT
ENFOLIO AGREEMENT AND COMMENTS

                    03/21/2001

                    11:37 AM

Hello Gerald,

Just a follow up note on the status of the review of our comments on the
new
ENFOLIO.  Please give me a call or drop me a note.  I hope we can get the
contract settled.

I still have not heard what is happening with the credit side.  I have not
received signed confirms as yet.

Regards,

Ann

403-266-8425

> -----Original Message-----
> From:   Crawford, Ann
> Sent:   Wednesday, March 07, 2001 6:47 PM
> To:     'Gerald.Nemec@enron.com'
> Subject:     ENRON DRAFT ENFOLIO AGREEMENT AND COMMENTS
>
> Gerald,
>
> Per the attached cover letter explaining AEC's requested changes, I
attach
> both a blackline copy and a clean copy of the edited agreement.  Please
> comment asap on items regarding the bolded text in sections 3.2, 3.4 and
> 8.3.
>
> Thank you,
>
> Ann M. Crawford
> Gas Marketing
> Sr.Contract Administrator
>
> Phone:  403-266-8425
> Fax:    403-290-8479
>
>
>  <<aecm.amc.ltr.enrn.doc>>  <<DRAFT IN ENRN EDIT.doc>>  <<DRAFT IN ENRN
> EDIT C.doc>>

(See attached file: aecm.amc.ltr.enrn.doc)
(See attached file: DRAFT IN ENRN EDIT.doc)
(See attached file: DRAFT IN ENRN EDIT C.doc)


great ------thanks!  sp

   Kate Symes                01/29/2001 01:26 PM

To: Stephanie Piwetz/HOU/ECT@ECT
cc:
Subject: Re: deal 501404.01 (language)

I guess Paul Choi spoke with Melissa Murphy when she was up here and told her
the language looked fine on this confirmation. He reiterated that, and I'll
fax the initialed copy back to you.

Thanks,
Kate

Stephanie Piwetz   01/29/2001 10:58 AM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 501404.01 (language)

Kate,

I will be faxing you a confirm that we received back executed.

The cp made some changes to the prices section.  Just wanted to get it
approved by the Traders.
If so, can you please initial and fax back to 713-646-2443, so we can have
the record in the system.

Thanks
Stephanie


It's been changed to Prebon.

Kate

Evelyn Metoyer@ENRON
03/13/2001 02:55 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/13 Checkout

yes i think deal 549010 should be Prebon instead of Amerex.

Thanks!!

   Kate Symes @ ECT                03/13/2001 04:39 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3/13 Checkout

Prebon
Sean Crandall
549048 - changed to NP

Diana Scholtes
Prebon broker said our price (215) and del. point (Cob) are right

Jeff Richter
549013 - changed to APB

549010 - enron buys BP/Apr01/NP/peak/207.00 (in with Amerex - should it be
Prebon?)

Chris Mallory - just entered Williams deal

Evelyn Metoyer@ENRON
03/13/2001 02:27 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3/13 Checkout

AMEREX
All deals checked out fine

PREBON

Sean Crandall
deal 549048
Prebon shows del. point as NP-15

Diana Scholtes
deal 549053
Prebon shows price as $141 and delivery pt as Mid-C

Jeff Richter
deal 549013
Prebon does not recognize

I am missing the following:
1) Enron buys from BP Energy 25 mw of April'01 NP-15 peak hrs at $207
2) Enron buys Williams 25 mw of SP-15 of April'01 off-peak hrs at $107

BLOOMBERG
All deals checked out fine.


Michael Fenton
5749 NE 62nd Street
Seattle, WA 98115
mikefwmi@aol.com

To Mr. Ken Lay,

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

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

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

Sincerely,

Michael Fenton


so please let me know if you can't get them printed soon.

Thanks,

Kay


Tana:

I did not receive documentation regarding this assignment nor has it been logged in by one of the other Paralegals.

Samantha M. Boyd
Senior Legal Specialist
Enron Wholesale Services
1400 Smith Street, EB3803
Houston, Texas 77002
Ph:  (713) 853-9188
Fax:  (713) 646-3490

 -----Original Message-----
From: 	Jones, Tana
Sent:	Tuesday, November 13, 2001 11:26 AM
To:	Boyd, Samantha
Subject:	FW: Transcanada - Mirant assignment

Who was this passed on to for handling?
 -----Original Message-----
From: 	Anderson, Diane
Sent:	Tuesday, November 13, 2001 11:25 AM
To:	Jones, Tana
Subject:	Transcanada - Mirant assignment

Hi Tana,

A couple of weeks ago I sent up to you (I think it was you) the letter I
received regarding an assignment between Transcanada and Mirant.

Joyce Reed from Mirant is looking for an update on the status.  Can you
give her a ring when you have a free second (ha!) - 403 218 1031.

Thanks,
Diane

PS - Go Levittown!


Hello Team-

This is just a reminder about Thursday's (07/06/00) conference call regarding
the weekly Japan update at 6:00 p.m. Houston time. Please forward your
updates to Joe Hirl and please copy me. The call will be held in Conference
room 21C2 for Houston participants.

Domestic:   1-800-991-9019
Intern'l           847-619-8039
Code:            5764488#

I will forward the contact list as soon as I get the new numbers for all E.J.
employees. Meanwhile here is the new office address and phone number;

Enron Japan-
Otemachi 1st Square Bldg. West 11th Floor,
1-5-1 Otemachi, Chiyoda-ku, Tokyo
Phone: 813-5219-4500
Fax: 813-5219-4510

Lastly, please see last week's consolidated report:


LOVE YOU MY LITTLE POD!!

YBGF

mc


FYI.
Will provide conformed copy once we receive it.
Thanks.
Gary

 http://www.ci.sf.ca.us/cityattorney/sfenergy.htm
 <<CCSF  City Attorney's Office  People v. Dynegy.url>>

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 - CCSF  City Attorney's Office  People v. Dynegy.url


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 02/22/2001
04:48 PM ---------------------------
To: Matthew Lenhart/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, Luis Mena/NA/Enron@Enron
cc:

Subject: Fortune Article

---------------------- Forwarded by Timothy Blanchard/HOU/EES on 02/22/2001
04:45 PM ---------------------------

	Enron Energy Services

	From:  Timothy Blanchard                           02/22/2001 04:24 PM
	Phone No: 713-853-4755

To: AIP
cc:
Subject: Fortune Article

The article just discussed on CNNfn.


Judy,

If you could have the following confirmations faxed up to the Canada office,
it would be greatly appreciated:

J. ARON NZ2997.1
  NZ2997.3
  NZ2997.5
  Q30605.3
  Q30646.1
  Q31747.1
  Q33173.1
  Q30321.1
  Q39213.1
  Q39222.1
  Q56551.1
  Q57285.1
  Q60931.1
  Q69591.1
  Q82974.1
  Q86425.1
  Q84719.1
  Q82515.1
  Q81652.1
  Q69607.1
  Q86443.1
  Q94375.1
  Q28267.1
  Q28246.1
  Q18620.1
  Q18622.1
  Q06687.1
  Q06541.1
  Q04456.1
  Q04447.1
  NZ9843.1
  NZ9731.1
  NZ5218.1
  NZ1297.2
  NZ1297.1
  NY9067.1
  NY6627.1
  NY2572.1
  NY0747.1
  NX7474.1
  NX7453.1
  NX5955.1
  NW9749.1
  NW3272.1
  NV8017.1
  NV7995.1
  NV5417.1
  NV3163.1
  N00974.1
  N04778.1
  NN8760.1

CITIBANK NZ2285.1

BANKERS TRUST NW2561.1
   NW4482.1
   NW9468.1
   NW9479.1
   NZ6942.1
   Q77486.1
   Q81683.1

Thanks,
Melinda


Kay-attached is a summary of the enforceability of consequential damages
clauses under the laws of Mississippi.  Greg Evans prepared the summary and
can answer any questions in my absence.  Greg can be reached at
713-751-3279.  I'll be on the road until Monday, but can retrieve e-mails
and voice mails.

 <<2X0#01!_.doc>>

                    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.

 - 2X0#01!_.doc


Gregg,

Attached are my suggested changes to the above-referenced confidentiality
agreement.  One of the changes was to address the enovate employee issue that
we discussed.  A few of the changes are simply clean-up.  Please let me know
if you have any questions.

Stacy


For each of the last 15 years the Enron Kids Committee has chosen an under-privileged HISD elementary school and offered to "sponsor" every child in that school.  What we mean by "sponsor" is that we outfit the child from head to toe plus give each of them a toy and book.  The presents are then handed out to the children at their school Holiday Party in December.  For most of these kids, it is their only Christmas present.

I am once again coordinating the volunteer / adoption efforts for ETS.  Some ETS departments and employees have already sponsored a child-- thanks for your support.  But thus far, we have only adopted 216 of 468 children.  We need more help!!!!

If you would like to participate, I will coordinate collections and adoptions.  Simply reply back to this email with the amount you would like to contribute.  It costs about $100 to "sponsor" each child.  Last year we were able to adopt 18 children.

All the funds collected will be matched by the Enron Foundation.  The matching funds will be used to buy books and computers for the school.   I will also need volunteers for shopping.  If you would like to shop for the kids we sponsor, please let me know.

Thanks for your support!!
Kevin Hyatt x35559 & The Enron Kids Committee


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/05/2001
12:20 PM ---------------------------

Tanya Tamarchenko
02/28/2001 01:17 PM
To: Wenyao Jia/HOU/ECT, Debbie R Brackett/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: "analytical" var implementation in RisktRAC

Debbie,
I am forwarding to you a 2 page document describing implementation of
"analytical" VAR in RisktRAC.

Here is why this effort is very important:
1. We need to calculate VAR for other percentile but 5 (1% or even 0.2% as
mentioned by Rick Buy)
and our simulation model can not handle required number of simulations;
2. We need to present additional risk measures (such as Mean Tail Loss) to
the Board.

The analytical approach is implemented in a spreadsheet and fully tested
already so there will be no problems
with the algorithm itself.

We need to get together and discuss IT implementation.

What do you think?

Tanya


Please do not just change the volume of these transmission deals,  the unused
portion needs to be kept in scheduling, as MidC to MidC transmission.

Please take a moment to look at November 29th in Scheduling for an example of
this.

The reason:  We have to pay for all of this transmission whether we use it or
not, and just changing the volume makes us off with them for settlements.

I will be happy to help you if you need it.

c


Ian,

I shall come to Wharton on Thursday, June 14,
meeting with Howard Kunreuther.

I shall ask my assistant to forward you my itinerary.
I shall also register for the October Conference.
Thanks for reminding me.

Vince

 -----Original Message-----
From: 	"MacMillan, Ian" <macmilli@wharton.upenn.edu>@ENRON [mailto:IMCEANOTES-+22MacMillan+2C+20Ian+22+20+3Cmacmilli+40wharton+2Eupenn+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Tuesday, June 05, 2001 6:48 AM
To:	'vkamins@enron.com'
Cc:	Rita Mcgrath (E-mail); Boisot, Max
Subject:	Strategic Management Society Conference

A couple of months ago you agreed to serve on a panel on real options that Rita McGrath at Columbia had assembled.
We have been informed that you have not registered for the conference - in SFO October 21 to 24
Can you please register - they are getting antsy about it.  Go to sms@mgmt.purdue.edu
When are you due at Wharton again?


Attention NAM member:

Your company has been selected to participate in the quarterly NAM/FORTUNE
Manufacturing Index on-line survey.

The NAM/Fortune Manufacturing Index has appeared in FORTUNE's Industrial
Management and Technology edition since 1997.

Below is a link to the on-line survey covering the third quarter of 2000.
Four times a year, your company's response will be tallied with other NAM
members and published in FORTUNE's Industrial Management and Technology
edition.  Completing the survey is as easy as 1, 2, 3. (1) Click on the link
below.  (2)    Fill out the short survey and (3) Click the submit button at
the end of the survey.
 http://www.nam.org/ECO/Fortune/forlg.htm
<http://www.nam.org/ECO/Fortune/forlg.htm>   (Please fill out this survey by
September 27th)

In addition to being featured quarterly in FORTUNE Magazine, you can look at
previous survey results on NAM's internet homepage at
http://www.nam.org/ECO/Fortune/index.html
<http://www.nam.org/ECO/Fortune/index.html>

Thank you in advance for helping us at the NAM better serve your interests.

If you have any questions, please contact Dave Huether at dhuether@nam.org
<mailto:dhuether@nam.org>

**Unable to click on the links?**
Sometimes links are broken when they are transmitted via e-mail or if your
e-mail program does not support hyperlinks. When this happens we suggest you
copy and paste the URL into your browser. This way you can get the whole
link as sometimes it carries over onto the next line. When you do this, make
sure there are no spaces in the link.


Mark,

I left you a message regarding The National Forum on Corporate Finance
at  Rice.

They would be delighted if you could serve as a panel  member
at this conference.

Here are the coordinates of the professor at Rice who
is in charge. I would appreciate if you could call him
and let him know if you can attend.

Thanks.

Vince

Prof. David Ikenberry
Jones Graduate School of Management
Rice University
713-348-5385


Gentlemen,

  As you know, I have been working with Steve Lins to negotiate the ISDA agreement so that Enron and the City of Glendale are able to enter into financial transactions.  I spoke with Steve today and he plans to review our latest draft and get back to me with any final changes so that we can send him an executable copy, along with our required documents, for signature next week.  In other words, I am confident that we will have an executed ISDA within the next couple of weeks.

  My boss, Barry Tycholiz, and I are going to be in southern California September 17 & 18 and would like to set up a meeting with you guys to discuss alternatives to swaping out some of your index priced gas supply.  We are available to meet with you after 2 pm on the 17th or at any time on the 18th.  Please let me know when you guys are available and I will set that time aside for you.

We look forward to meeting with you and expanding our business with the City of Glendale.  Please feel free to call me if you have any questions.

Thanks,

Kim Ward
Manager, West Gas Origination
713-853-0685


FYI.
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/10/2000 11:11
AM ---------------------------

"Heather Brown" <hbrown@bracepatt.com> on 10/10/2000 11:11:22 AM
To: <Kay.Mann@enron.com>
cc:

Subject: Re: enovate revolver DASH

Kay -- I expect to have a preliminary draft of the Credit Agmt and a related
closing documents list to you tomorrow morning.  Once you get that and have a
chance to look at it and forward it to whomever else needs to look at it,
let's set up a call.

Thanks!  Heather

>>> <Kay.Mann@enron.com> 10/10/00 10:18AM >>>

Once I get the draft I will set up a conference call with the people who
can provide the input on the document.  If it would be better to have the
call before let me know, and I will try to set it up.  I'm free tomorrow am
if that is a good time for you.

kay

"Heather Brown" <hbrown@bracepatt.com> on 10/05/2000 10:48:54 AM

To:   <Kay.Mann@enron.com>
cc:

Subject:  Re: enovate revolver DASH

Kay -- We've started on a draft of the Credit Agmt, but it will have a lot
of holes in it.  Have there been any further discussions re:  the specific
terms of the loan (financial covenants, etc.), how the guaranties will
work, etc.?

Thanks!  Heather


Please make sure your group is aware of the phone outage.

Thanks Tjae
---------------------- Forwarded by Tamara Jae Black/HOU/ECT on 02/16/2001
11:28 AM ---------------------------
From: David Cummings/ENRON@enronXgate on 02/16/2001 11:23 AM
To: Lucy Marshall/Enron Communications@Enron Communications, Tamara Jae
Black/HOU/ECT@ECT, Angie Collins/HOU/ECT@ECT, Betty J
Coneway/ENRON@enronXgate, Stacy Weatherly/Corp/Enron@Enron, Lynn
Tippery/HOU/ECT@ECT, Heather Choate/HOU/ECT@ECT, Helen Marie
Taylor/HOU/ECT@ECT, Ina Rangel/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT,
Kimberly Brown/HOU/ECT@ECT, Jody Underwood/ENRON@enronXgate, Kathy
Bass/HOU/EES@EES, Sally Slaughter/Enron Communications@Enron Communications,
Therese Candella/Enron Communications@Enron Communications, Don
Baughman/HOU/ECT@ECT, Laura Vuittonet/Corp/Enron@Enron, Lloyd Will/HOU/ECT@ECT
cc:
Subject: Turret Phone Outage

Tonight at approximately 7:20 PM, there will be an Turret phone outage
lasting until 8:00PM.; All phones will be inoperable during this period.;
This outage is necessary to resynchronize all line and trader information in
the switch.; Night traders on the Power Desk will have Lucent phone operation
during this period for the East Watts Line.; Thank you for your patience.
;
;
;
David A. Cummings
713-853-0400 Office
281-541-7563 Cell


Mike,

The later hour works perfectly for me.

Vince

Mike Fowler@ENRON
04/25/2001 12:08 PM
To: Vince J Kaminski/HOU/ECT@ECT, Craig Chaney/HOU/ECT, Stephen Stock/HOU/ECT
cc:
Subject:

Could we move the time for dinner Friday from 7 to 7:30 ?  (Veronica might be
going on a field trip for the kids which will run until late in the day.)

Steve, I think Veronica already mentioned this time to Debbie.

Thanks.

Mike


Glad you made it safely!

I have a new home email address kay.mann@worldnet.att.net

Have a nice afternoon, and enjoy the cool mornings while they last.

Love,

Kay


---------------------- Forwarded by Larry F Campbell/NA/Enron on 05/10/2001 04:39 PM ---------------------------

Zarin Imam@EES
05/10/2001 01:26 PM
To:	Larry F Campbell/NA/Enron@Enron
cc:

Subject:

Larry,

	YOU ARE THE BEST!   Thank you !   Look at it before you give it out!

Thanks

Z


John, I would like to get 6 Associates and 4 Analysts for both Esat Power and Generation Investments,


Cara,
I pulled several comments you made out, and dittos from here.

I agree with your following statements:

	Even though this path could be consolidated to be smaller, we have many paths that are a good deal longer.  The part of the path in blue is in the 	upstream cell and seems to be the holdup. The size limit of the path needs to be considerably larger, or we need a way to override that for exceptionally 	long paths. I made the path smaller and got the same error.

I notice that when we have values in the transmission cells, the big E is not on there. Enron needs to be shown as "bookends" on the transmission we use, or else it could be misconstrued as a purchase or sale.

Some really long paths might show better in line view if that could auto-size vertically

When I try to cut a particlar path, the action of the entire Path Cut screen coming up and then me having to choose New Path cut totally blocks my view of the existing path I am trying to deal with. I think instead this should pop up as an addition to the expanded view of the existing deal. I should be able to cut a path without having to deal with the whole sort menu.

I absolutely agree with the following:
	Region should be a button list that is driven only by the East or West designation of the person's Enpower Login.  As a West User, I should only get 5 choices for 	Region: WSCC-N, WSCC-S, Rockies, MidC, or California. The drop down list is time consuming,  confusing and can lead to too many errors.

	Reason Text-this is not spelled correctly,  and the text box could be much smaller.  Most Reasons are probably a sentence at most.


Brother Benson,     Congratulations on taking over the top spot in the
Best-of-ewooglin.com-contest.   Those pathetic losers of '75 have been
shoving our faces in it for too long.  After all, whose class was Doug Dyer
in after all?  Sorry I can't come to D this w/e.  Got to go to parents
weekend for my college freshman.  Don't forget to tune in to the Sooners
stomping Nebraska.

-kai-
B Miller

At Homecoming 2000, the BETA TENT had the biggest crowd by far.  Stay connected and consider a future homecoming BETA reunion.  It's incredible...forget the 20 years in between...everyone just seems to pick it up right where they left off years ago.

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


Sorry, I got overwhelmed by California.  I have not talked to Ken yet and
will be in Japan until Friday.  Perhaps we can hook up then?

From: Rebecca McDonald/ENRON@enronXgate on 05/11/2001 02:46 PM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: Kissinger

Steve,

We never closed the loop on Kissinger.  If you are around next week, why
don't we talk and resolve what we want to do so that I can proceed?  Does
that work for you?

Rebecca


Looks good to me.

 -----Original Message-----
From: 	King Jr., Frazier
Sent:	Friday, January 18, 2002 2:38 PM
To:	Dowden Jr., Jimmy; Nestor II, Thomas; Lokey, Teb; Studebaker, James
Subject:	DVC Letter

Take a look at this.

Note that this does not address capacity release issues.
I think that might be too much for this letter.
I think we should take that up separately.
Probably, an ad hoc basis is best to start with.
For example, I think we should work with Marc of FPU on an individual basis and see what happens.
Then we would be able to feel more confident on whether to call a meeting on this or not.

 << File: 02-08 Letter to DVC.doc >>


Bend like a reed in the wind? It's funny you should say that, since I've been
reading a lot about Buddhist philosophy lately. I stayed with a couple in
London who practice Buddhist meditation pretty regularly. Ever since then
I've thought something like that would do a world of good for my mental
health, being that I've always been more of a giant steel piling than a reed
when the wind kicks up. I did let her have it, don't worry; but my Catholic
guilt always gets the best of me, and I assure you I'll be extending all
kinds of undeserved compassion by this evening.

As far as the sick thing goes - screw that. That's one occasion you cannot
take lying down, or bending like a reed as it were. You sabotage that thing
with vitamin C and some uber-multi-vitamin and echinacea and hot water with
lemon and honey and 14 hours of sleep a night UNTIL IT RUNS SCREAMING FROM
YOUR BODY. I hate being sick...almost as much as I hate bending like a reed.

Speaking of Woody Allen - I saw his new one, "Small Time Crooks," last night.
I'd give it an unenthusiastic "mediocre." Rent it if you've exhausted all
other options. Tonight I think we're going to check out "Traffic" - I've
heard rave reviews. Or otherwise it's "Cinema Paradiso" for the
sixty-thousandth time, but this time on the big screen. The deciding factor
will be money, and beer. "Traffic" will cost twice as much as "Cinema," but
the theater showing "Cinema" has comfy couches and serves beer, so I'll end
up spending twice as much as I would at "Traffic." Do you see the moral
dilemma here?

I'm sorry to ramble, but today happens to be alarmingly devoid of surprises.
Having said that, I'm practically positive some catastrophe will occur in the
next 30 seconds, so I'm going to go now.

Kate

"jordan mackay" <jordanmackay@hotmail.com> on 02/20/2001 10:40:01 AM
To: Kate.Symes@enron.com
cc:

Subject: Re:

I can't believe that bitch would just wander into the house full of ire and
phasers set to kill. I hope you let her have it. Some friend! She was just
trying to get your goat. Knows to how to press your buttons and will continue
to until she grows up. If I were you I'd follow the Buddhist path--extend
compassion to her, don't let your state of mind be controlled by what she
does, bend like a reed in the wind, etc. Anyhoo . . .

I started to get a little sick last night. Think I might have been running a
fever, so I came home and went to bed early. But I don't always sleep so
well. The bed I'm?using gives me the distinct impression that I'm sleeping on
a grade, that I'm slipping into a pit or a valley. My dreams?are always about
climbing out of things. And then Hector the dachshund sleeps on the bed with
me and even though he's only about a foot and a half long, it always seems
like he takes up all the room. Oh, I'm just complaining. Cross your fingers
that I don't get sick.

"Croupier " I've always wanted to see. Glad you give it the thumbs up. I
think I'm going to head downstairs and watch a movie myself. Perhaps Woody
Allen's "Manhattan," an old fave I haven't seen in years.

Talk to you soon. Oh yes, and about the weekend. Of course I give you the
"flaky"?time allowance you need. I would demand the same for myself. If you
decide to come down, you don't even have to tell us until Friday or Saturday.
You don't even have to tell us at all. You could just come and not see us and
head back Sunday if you want. We are that tolerant of flakiness here. No,
seriously, if you feel like coming it would be wonderful to see you. If not,
another time will come.

jordan

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


Hotel in Orlanda: Thursday PM through Monday AM
   Hotel Royal Plaza
   Phone:  407-828-2828

Flight is charter on Miami Air, leaving IAH at about 4:30PM on March 2
(Thursday), and returning about 6:30 PM to IAH on March 6 (Monday).

I do not plan on checking messages, so if something critical comes up, please
leave me a message at the hotel.  We are there with the Klein High School
Bearkadettes, in case you need to know that to get a message to me.


MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group

FROM: Joe Hartsoe, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketers Working Group Chair
            Julie Simon, Vice President of Policy
            Erin Perrigo, Manager of Policy

DATE: March 26, 2001

RE: EPSA Draft Comments on NYISO Market Mitigation
      Measures
      ? Filings Due on Friday, March 30th

The New York Independent System Operator, Inc. (NYISO) has filed requests to
extend both its Temporary Extraordinary Procedures (TEP) for Correcting
Market Design Flaws and Addressing Transitional Abnormalities (Docket No.
ER01-1489-000, comments due March 30, 2001), and its current bid caps for
certain NYISO markets (Docket No. ER01-1517-000, comments due April 2, 2001)
for an additional 18 months.  The ISO also filed a Notice of Withdrawal of
its October 20, 2000 filing in ER01-181-000, and introduced its intent to
implement a circuit breaker mechanism under its current Market Mitigation
Plan, as approved by FERC (comments due March 30, 2001).

Attached are EPSA's draft comments in response to all three cases.  The draft
focuses on the use of price correction mechanisms and the unintended, yet
harmful, consequences on the market such as limiting market entry, slowing
the development of risk mitigation tools, and undermining demand-side
response.  EPSA's comments also argue that the NYISO should make an official
filing to the Commission introducing its circuit breaker proposal under o205
or 206 of the Federal Power Act.

Please review the attached draft and forward any comments or suggestions to
Erin Perrigo at EPSA at 202-628-8200 or eperrigo@epsa.org as soon as
possible.  Comments must be filed by March 30th.   We will discuss the draft
comments on our conference call this Wednesday , March 28th, at 2:00 p.m.
(EST). To access the call, dial 1-800-937-6563.  Ask for the Julie Simon/EPSA
Call.

Attachment

 - NYISO Consolidated Market Mitigation Filing.doc


FYI
---------------------- Forwarded by James Derrick/Corp/Enron on 11/21/2000
05:03 PM ---------------------------
From: Cindy Derecskey on 11/21/2000 02:39 PM
To: Mark Koenig/Corp/Enron@ENRON, Aleck Dadson/TOR/ECT@ECT, Robert
Hemstock/CAL/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Eric
Thode/Corp/Enron@ENRON, David W Delainey/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, John J Lavorato/Corp/Enron@Enron, Mark
Frevert/NA/Enron@Enron, Greg Whalley/HOU/ECT@ECT, Jeff
Skilling/Corp/Enron@ENRON, Kenneth Lay/Corp/Enron@ENRON, James
Derrick/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron
cc:

Subject: Enron, Powerex Investigated for Alberta Price Fixing

----- Forwarded by Cindy Derecskey/Corp/Enron on 11/21/2000 02:35 PM -----

	Ann M Schmidt
	11/21/2000 02:34 PM

		 To: Cindy Derecskey/Corp/Enron@Enron
		 cc:
		 Subject:

=DJ Enron, Powerex Investigated For Alberta Price Fixing
11/21/0 15:31 (New York)

      By Cheryl Devoe Kim
      Of DOW JONES NEWSWIRES

  TORONTO (Dow Jones)--Canada's Competition Bureau raided the offices of Enron
Canada Corp. in Calgary and Powerex Corp. in Vancouver earlier this year as
part of an investigation into suspected electricity price fixing by the two
companies, according to documents obtained by Dow Jones Newswires.
  Bureau investigator David Bloom alleges in an application for a warrant he
used to gain access to the offices that in the summer of 1999, Powerex and
Enron were coordinating bid restatements and inflating the price each received
for electricity as they traded on the Power Pool of Alberta.
  The investigation hasn't yet produced any charges against either of the
companies, according to Enron. The Competition Bureau declined to comment on
the status of the case.
  Both Enron Corp. (ENE), which owns Enron Canada, and Powerex, a unit of
provincially owned British Columbia Hydro & Power Authority (X.BCH), deny
breaking any rules or laws.
  From Powerex's point of view, Albertans are looking for someone to blame for
high power prices, which have become a political issue in the province.
  "They just find it easy to blame us for what are pretty fundamental market
design flaws," Powerex president and chief executive Ken Peterson told Dow
Jones Newswires in an interview.
   Deregulation Spurs Search For Someone To Blame
  The search for someone to blame has repeated itself across every
deregulating
market Enron has participated in, Enron Corp. spokesman Mark Palmer said.
  "Almost every time that either power markets or natural gas markets or even
oil markets or gasoline markets have experienced any kind of price volatility,
there have been investigations done," Palmer said.
  Enron has been scrutinized before as part of wider energy markets
investigations, he said, but never found to be breaking the rules. This is the
first such investigation into Powerex's actions, Peterson said.
  The Competition Bureau, based in Ottawa, won't say whether the investigaion
is ongoing, citing disclosure rules under the Competition Act.
  The companies themselves said they're not sure of the investigation's
status.
Their seized files were returned several months ago, but Powerex hasn't heard
from the Bureau since then. Enron did receive a call from the Bureau last week
with a question, according to Enron Corp. spokesman Eric Thode.
  The investigation began when the Power Pool of Alberta's system controllers
noticed the clearing price for a megawatt of electricity was topping C$100
with
unusual frequency.
  The Pool's price is set by participants submitting bids to buy or sell power
for the following day. Until Oct. 19, 1999, a bidder could restate the amount
of power in a bid or offer an unlimited number of times, until 20 minutes
before the hour of transmission. The price paid for every megawatt of power
needed by the Pool in a given hour is set by the most expensive unit needed to
meet demand.
   Alleged Bid Rigging Methods Detailed
  According to the Competition Bureau search warrant application, Powerex and
Enron were rigging their bids in the following manner:
  Powerex would lower the volume of an existing offer. As little as two
minutes
later, Enron would increase its offer for the same period by the same volume,
but at a "significantly higher price," according to the warrant application.
Sometimes, Enron would increase its offer even before Powerex had dropped its
offer.
  Power Pool market analyst Owen Craig, who once worked in Enron Canada's gas
trading group, found that "as a result of restatements, involving mostly
Powerex and Enron," the Pool price was raised once to C$200/MWh, four times to
between C$354.29 and C$499.93, three times to between C$500 and C$541.63, and
10 times to between C$801.02 and C$998.
  Based on the restatement patterns, Craig, and then the Bureau's Bloom,
concluded that no new energy was being offered to the Pool. They believed the
power was just being transferred from Powerex to Enron and then offered at the
higher price, according to the warrant application. By cutting the volume
offered by Powerex, the more expensive power offered by Enron would likely be
needed, and every participant would get the higher price.
  Powerex's Peterson doesn't take issue with the trade history as detailed by
the Bureau, but denies that the company's traders were doing anything wrong or
that the two companies had some sort of arrangement.
  "And we're adamant about that," Peterson said. "There was no deal with
Enron.
There was no expectation about what their behavior would lead to in terms of a
change in prices or anything like that."
  Powerex traders were merely locking in their price, cutting the company's
risk, which Enron agreed to take on by buying the power at a fixed price,
Peterson said.
  "Whenever Enron's offer of high-priced energy was declined, within moments
of
Enron being advised by the Pool that their energy would not be required,
Powerex would restate an identical volume of energy back into its lower priced
unit," according to the warrant application.
  Peterson's response: "We're operating in a very tight market there and we
felt an obligation to make sure the power got delivered into Alberta."
  Enron also denies it broke any Power Pool rules or Canadian laws.
  "It boils down to we were offered power at a price lower than we thought we
could sell it at," Enron's Thode said. "And that's what Enron and every other
company does that's in the business of trading."
  The May 25 search warrant covers the companies' actions between June 1,
1999,
and Oct. 19, 1999. On Oct. 20, 1999, the Pool changed its restatement rules,
essentially closing the loophole, though it did so without ever making public
its investigation into Powerex and Enron.
  Power Pool spokesman Wayne St. Amour declined to discuss details of the
investigation.
  "Market surveillance is in place to, among other things, protect the
interests and activities of market participants," he said.
  Those convicted under Canadian law for bid-rigging can be fined an amount at
the court's discretion and/or jailed up to five years. A conviction wouldn't
likely affect Powerex's ability to trade in the U.S., Peterson said. In Canada
"there would have to have some follow-on action by the Alberta parties to
inhibit that. And so far, they still like to get our power."
  Companies Concerned About Reputations
  The bigger problem, Peterson said, is what the case will do to the Powerex
reputation.
  "Essentially both companies are concerned about it because we have a lot at
stake from a reputational point of view," Peterson said. "Both companies, I
believe, conduct themselves in the highest possible standard. But these are
difficult times in the business with prices going crazy in Alberta and
California and people looking for somebody to blame. There's always a
possibility of collateral damage when politics gets involved."
  Powerex parent company BC Hydro is also suspected by the Power Pool of
Alberta of unfairly providing access to transmission through British Columbia,
linking Washington with Alberta, as detailed in an Oct. 13 Power Pool market
surveillance report. Again, no charges have been laid.

  Company Web sites: http://www.powerex.com, http://www.enron.com

  -By Cheryl Kim, Dow Jones Newswires; 416-306-2017; cheryl.kim@dowjones.com

  (END) DOW JONES NEWS  11-21-00
  03:31 PM- - 03 31 PM EST 11-21-00


Lawrence

We bought 100mw at $50 for HE 11-23 edt.  If the P&L shows 50mw, that's
because we had to give the cash guys 50mw.

Larry C.
800-963-0942


From Jeff...

 - indonesia matrix.doc


NEAL, SCOTT M,
?
You have been selected to participate in the Mid Year 2001 Performance
Management process.  Your feedback plays an important role in the process,
and your participation is critical to the success of Enron's Performance
Management goals.
?
To complete a request for feedback, access PEP at http://pep.enron.com and
select Complete Feedback from the Main Menu.  You may begin providing
feedback immediately and are requested to have all feedback forms completed
by Friday, May 25, 2001.
?
If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com
?
Thank you for your participation in this important process.
?
The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."  Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.  NOTE: YOU WILL
RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.
?
Employee Name:
CHAVEZ, ALEJANDRA
KEISER, KAM


Elena,

Yesterday's list of in the money CP's did not change.  We will forward a list of out of the money CP's shortly.  We will also send IT the list so that they can begin moving them to another book.  There are appox 140 CP's so the move will take some time.

DG


It looks like things are moving forward on the Intergen/CA deal.  If we can
verify the status of the wires we will want to give notice today.  Fred Mitro
is working on this and will give you a call to up date the status.

I have not seen the final numbers to plug into the notices.  Is this
information available?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/10/2001 02:41
PM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 01/10/2001 02:34:22 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "'ben.f.jacoby@enron.com'" <ben.f.jacoby@enron.com>,
"'f_mitro@hotmail.com'" <f_mitro@hotmail.com>, "Keffer, John"
<JKeffer@KSLAW.com>

Subject: Notice of Approval of Facility Agreements / Escrow Status

Kay:

We have received by fax a new letter from SEL to ENA advising that all three
Facility Agreements delivered under ENA's January 8, 2001 letter are
acceptable to SEL, subject to the addition of Exhibit H-2 training materials
(omitted from the electronic version of the facility agreements) identical
to that inserted in the forms attached as exhibits to the turbine letter
agreements.  I will have copies of Exhibit H-2 made and inserted as
appropriate.

The notice letter resolves all of the issues presented by the letter
previously tendered.  This new letter dated January 9, 2001 establishes
today, January 10, as the deadline for SEL funding the escrow, and Thursday,
January 18, 2001 (due to bank holiday on the 15th) as the closing date.

Fred just reported that Lari Paradee has advised that the three wire
transfers funding the escrows have been sent and that Citibank has confirmed
to her that the two $16.1 million wires have been received, with
confirmation on the transformer wire still pending.  She is to circulate
confirmation numbers as soon as available.  Enron may wish to independently
verify funding.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
 <mailto:ccampbell@kslaw.com> ccampbell@kslaw.com

                    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
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message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


Attached, in Word, are the initial drafts of the closing documents necessary
for the new Hawaii II 125-0 two year facility.  The documents are marked
against the original Hawaii 125-0 facility entered into in March of this year.

Please note that it is the intention of Enron to roll over all of the
tranches in the current Hawaii facility into this two year facility on the
closing date.  Accordingly, we have utilized the existing trust and merely
amended and restated the trust agreement (renaming the trust Hawaii II
125-0).  Because we are utilizing the same trust, I believe that we can roll
over the existing tranches with minimal paperwork - perhaps one omnibus
amendment for each series, setting forth the appropriate references to the
new Nov 15 documents.

I will send Hawaii I 125-0 Facility documents, marked against the Hawaii
II125-0 Facility documents on or before Monday morning.

The attached documents are identified as follows:

Closing Checklist (266026)
Second Amended and Restated Trust Agmt (265272)
RADA (265275)
Beneficial Interest Certificate (265276)
Distribution Agreement (265277)
Subscription Agreement (265278)
Facility Agreement (265273)
Form of Sale and Auction Agmt (266163)
Form of Amended/Restated LLC of Asset LLC (266143)
Form of Amended/Restated LLC of Transferor (266137) and
Schedule to ISDA Master Agmt (265279)

Muriel C. McFarling
Andrews & Kurth L.L.P.
1717 Main Street, Suite 3700
Dallas, Texas 75201
(214) 659-4461
(214) 659-4784 (fax)

 - 266163.doc
 - 265273.doc
 - 265275.doc
 - 265276.doc
 - 265277.doc
 - 265278.doc
 - 265279.doc
 - 266026.doc
 - 266137.doc
 - 266143.doc
 - 265272.doc


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/01/2001
08:42 AM ---------------------------

Pamela Vande Krol Castro <castro@rice.edu> on 04/17/2001 12:46:56 PM
To: Vince.J.Kaminski@enron.com (Vince Kaminski)
cc:
Subject: MGMT 656

Enclosed please find the final grade rosters for MGMT 656.? Grades are due
into our office no later than Friday, May 4.

Remember that this is the university deadline for graduating students.

Thank you for your help! - Pam (713-348-6223)
 - 656.doc


Rebecca Goodman
1735 Pine Street
San Francisco, CA 94109
rebecca.goodman@aya.yale.edu

To Mr. Ken Lay,

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

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

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

Sincerely,

Rebecca Goodman


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 Plea Deal Betrayed in D.C. Assault Case
Legal Times
Lorenzo Roye, charged with assault with intent to kill and facing a life
sentence, thought he had a good deal: In exchange for a guilty plea on
aggravated assault, the U.S. Attorney's Office would drop the attempted
murder count and recommend a sentence of time served, plus probation. But
during sentencing, neither the prosecutor, defense counsel, nor the judge
remembered the agreement. Now the D.C. Court of Appeals says he got a raw
deal.
 Full Text

 Federal Judge Tosses Out Class Action Over Credit Card's Claim of 'Fixed'
Rate
The Legal Intelligencer
A federal judge in Philadelphia dismissed a claim under the Truth in Lending
Act in a class action suit in which the plaintiff claimed she was falsely
promised a "fixed" rate of 7.99 percent only to see it raised to 10.5 percent
a year later. The judge found that the TILA has a narrow scope and requires
only that banks disclose all of the terms that will apply to credit card
holders on the day they receive the card.
 Full Text

 IBP's Failure to Meet Merger Terms Voids Deal, Argues Tyson
The Deal
IBP Inc.'s failure to abide by terms of a merger agreement with Tyson Foods
Inc. gives Tyson the right to void the $4.7 billion deal, the poultry giant
argues in the final set of briefs filed following a nine-day trial. In the
brief filed with the Delaware Court of Chancery, Tyson contends it has the
right to terminate the merger regardless of whether it knew of IBP's alleged
violations before signing the contract.
Full Text

 Federal Judge Rules for Tribe in New York Tax Dispute
New York Law Journal
Expressing frustration that the judiciary is left to clean up the Indian land
claim mess, a federal judge in New York has barred an upstate city and county
from collecting property taxes levied against the Oneida Nation. The judge
held that under the 207-year-old Treaty of Canandaigua, the land at issue in
Madison and Oneida counties is "Indian Country" and, as such, is immune from
property taxes.
Full Text

 Exxon Gets Hit by Another Jury, This Time for $1 Billion
The National Law Journal
Despite a string of courtroom defeats -- including three massive jury
verdicts in six months -- ExxonMobil vows it will not change its approach to
litigation. Its llegal strategies "will continue to be dependent on the facts
and circumstances of each case," the company said. Most recently, the oil
giant was stung by a $1.06 billion award in Louisiana over alleged
radioactive contamination of a plot of land owned by a retired state judge.
Full Text

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 Lawmakers Argue for Protection Against Genetic Discrimination
The Associated Press
In his first appearance promoting a specific bill since becoming Senate
majority leader, Sen. Tom Daschle, D-S.D., moved to build momentum behind
legislation to prohibit employers and insurance companies from using people's
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 La Vida Lawyer: Breaking Away
law.com
As the California AIDS Ride wraps up this week in Los Angeles, Sarah Kowalski
and J. Dominic Campodonico will have accomplished what few associates have
even attempted: six months of intense training on top of a demanding law firm
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 3rd Circuit Gives Lessons on Attorneys' Fees
The Legal Intelligencer
Reversing awards of attorneys' fees in two discrimination cases, the 3rd U.S.
Circuit Court of Appeals is sending a message to trial judges: show your
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 You Can't Go Home Again
The Recorder
Peter Astiz is one of the lucky few. His dot-com job as the top lawyer at
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Freidenrich. But for most out-of-work in-house lawyers these days, returning
to the firm fold is proving difficult, if not impossible.
Full Text

 Napster Adds More Legal Firepower
The Industry Standard
For the latest member of its all-star legal defense team, embattled song-swap
service Napster has tapped Jonathan Schwartz, a former deputy to former U.S.
Attorney General Janet Reno who cut his teeth battling independent counsel
Kenneth Starr. Schwartz joins Napster as general counsel, reporting to
interim CEO Hank Barry.
Full Text
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The meeting is in 3321.
 -----Original Message-----
From: 	Sanders, Richard B.
Sent:	Friday, October 26, 2001 11:47 AM
To:	Haedicke, Mark E.; Schuler, Lance (Legal); St. Clair, Carol; Murray, Julia; McCullough, Travis
Subject:

This will confirm that the meetings with Weil for Sat and Sun will begin at 10am. Mark wants the entire team to be present for the Sat meeting. We will decide after that meeting who needs to be present on Sun. I have sent Weil a number of materials, including the 3rd quarter results given to the analysts. We anticipate that Sat will be a lawyers only meeting to discuss the corporate structure and the bankruptcy issues related to the different business units. The meeting will probably last 4-5 hours.

The Sun meeting will include the commercial team. An agenda will be prepared, but most of the day will be devoted to information gathering and brainstorming.


Are you up to having a couple of beers after work today?


Barry,
How about Friday at 11:00 in my office? Then we can go out to lunch around
noon--did you have a place in mind? Also, I'd like to include our legal guy,
Dave Anderson, and our contracts person, Charlotte Baxter.
Ray

-----Original Message-----
From: Tycholiz, Barry [mailto:Barry.Tycholiz@enron.com]
Sent: Thursday, August 23, 2001 4:14 PM
To: Welch, Ray
Subject: Meeting in San Fransisco

Ray, thanks for the return call the other day.  As discussed in our
voice mails there remains a variety of reasons that ENA should be
talking to you.  As such we would like to meet with you on Friday  for
an early meeting and or lunch  just to bring to a current status all the
legal,credit and commercial opportunities that should be reviewed.

If Lunch on friday ( aug 31 ) is good for you, please set it aside.. we
can pick at spot for lunch... next week if the schedules line up.
Stephanie Miller will be joining me.

thanks in advance.

BT

Barry Tycholiz
Vice President
West Gas Origination
Enron North America

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


What matters is what the contract indicates. What is the Enpower deal confirmation number? I will have someone pull the contract to determine EPMI's rights as it relates to charging BPA LD's.

 -----Original Message-----
From: 	Gang, Lisa
Sent:	Monday, June 17, 2002 11:56 AM
To:	Baughman, Edward; Elafandi, Mo
Cc:	Thompson, Virginia; Thome, Jennifer
Subject:	RE: BPA Cuts

Virgina, correct me if I'm wrong, I believe BPA has special rules when energy is curtailed.  Instead of us charging them with liquidated damages, BPA will not bill for the hours curtailed.  I track and record the cuts by modifying the deal in deal scheduling so that settlement is aware of the cuts.

lisa

 -----Original Message-----
From: 	Baughman, Edward
Sent:	Monday, June 17, 2002 9:09 AM
To:	Elafandi, Mo
Cc:	Thompson, Virginia; Thome, Jennifer; Gang, Lisa
Subject:	RE: BPA Cuts

I assume that on all cuts on COB deliveries that we are charging BPA liquidated damages. In this case $3.50/MWhr for 6/18. Please let me know if this is not the case. Also, how do we track and record COB non-delivery LD's for BPA's?

 -----Original Message-----
From: 	Elafandi, Mo
Sent:	Monday, June 17, 2002 10:34 AM
To:	Baughman, Edward
Cc:	Thompson, Virginia; Thome, Jennifer; Gang, Lisa
Subject:	BPA Cuts

We were cut 40 MW today by BPA for peak hours on 6/18 at COB on enpower deal number 305699. Lisa purchased replacement power from Avista at $30. Enpower 897712

We presold power to Avista at $33.50 for the month and are now buying it back from them at $30 to book out.  Of course, BPA should not charge us for the 27.25 supply price under their contract.

Mo Elafandi
Enron North America
121 SW Salmon, 3WTC0407
Portland, OR 97204
503-464-5106
Fax 503-464-7376
Cellular 503-860-8564


We have already discussed this so I am not sure how you would like to handle this...I will let him know that we are adding Steve and paying extra to make sure he is included, which he should have been asked to begin with.

Thanks guys and I hope next time he will realize that my job is just as important to make things go smooth for yall.

Tjae
 -----Original Message-----
From: 	Forney, John M.
Sent:	Wednesday, September 12, 2001 1:36 PM
To:	Black, Tamara Jae
Subject:	RE: Las Vegas Trip

Thanks for your reply.
Here's what I have learned from our conversation:
Since I have not gotten a specific response from my customers,  my spots were "captured" by Don and Juan's group?
I acknowledge that I have not relayed specific names for Reliant and TXU, as they havent responded after many calls,   but did not receive notice that I was to lose my spots.
I expected to be able to include my employees,  as Juan and Don have now done with my spots.

Don and Juan have invited my employee,  Steve Olinde,  with one of my original spots.   He will attend.

I am not trying to give you a hard time,  but I need to know who authorized filling my spots?

JMF

 -----Original Message-----
From: 	Black, Tamara Jae
Sent:	Wednesday, September 12, 2001 1:18 PM
To:	Forney, John M.
Subject:	RE: Las Vegas Trip

Well...the trip has been booked....at one time you had a few spots.  The only room we have now if for one. We used your spots because we never got your response so we filled them with customers.

Please let me know ASAP if Steve Olinde will be in that spot so that I can get his airfare booked and notify the hotel.

Thanks TJae

 -----Original Message-----
From: 	Forney, John M.
Sent:	Wednesday, September 12, 2001 1:16 PM
To:	Black, Tamara Jae
Subject:	Las Vegas Trip

TJ -
How many spots does the Ercot RT group have for the LV trip in October?

JMF


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Ina,

Please mark me down for vacation on August 1 through August 3.

Phillip


Steve--The attached file contains estimates for the upcoming 12-month period
of
our monthly flowing volume requirements for the NIPSCO Choice program,
including estimated peak-day requirements (part of which come out of
storage).   I am referring to the values in Cols. L,M, and N in the attached.
Can you please give us a price quote for getting these volumes to the NIPSCO
citygate?

Please call me if you have questions.

Thanks.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - NIPSCO Choice Est Vol Reqs.xls


Thanks very much for your memo Paul it is very helpful.  I attach below for
completeness the To Do list put together by Elena in order to put Credit on
EnronOnline.
There are two remaining issues which require further thought:-

1.  How do we want to display Credit on a long term basis on EnronOnline.
For the short term, we can put credit out there but the number of updates
will be restricted.  Using Jay's best guess on a slow network connection the
initialization process will take upto 4 minutes and on a normal connection
250 updates every 30 seconds would prevent people from trading.   So we do
have some scaling issues? Our model doesn't really function for simultaneouse
changing of hundreds of products so really we need to actually get a much
better specific on how many updates you envisage.   Do you really envisage
that many updates?  Also we haven't yet experienced fast updates which we
will do when FX joins the system.

2.  We have approximately 4000 guest id and passwords?  Can these see credit
pricing from a due diligence perspective.

Elena will be leaving the EnronOnline group at the end of this week and Mark
Dilworth will be our main point of contact in Dave's absence.  Any questions
please do not hesitate to call me (713 853 3488).

Louise
Outstanding Credit Derivatives Issues	Action	Status	Resolved by
1. Redraft Credit Derivatives GTCs 	Decide how many GTCs are needed ) 1, 2 or
6 ) and prepare the draft(s) accordingly with following issues in
consideration:
	? Change &Effective Date8 language to refer to the dates on the website.
	? Cofidentiality issue ) legal advice is to leave it out. Bryan Seyfried to
make decision on commercial basis, whether not to include it at all, or
include the softer clause, for ex. that counterparties cannot use Enron name
when disclosing transactions, details.
	? Include &bad faith8 provision to prevent sleeving.
	? Decide what entities should enter transactions on Enron side ) ECTRI for
Europe and ENA for North America (?)
	? Get Tax sign-off		Paul Simons/Edmund Cooper/Slaughter&May
2. Translation of GTCs	Decide whether translations are needed and, if so, prepare
them:
	? Nordic GTC into Norwegian
	? Swiss GTC into German		Paul Simons/Edmund Cooper/Slaughter&May
3.  Withholding Tax Issue	Do further research and take a view regarding US
Withholding Tax issue, i.e. that US entity can only transact with another US
entity.		Jannine Juggins/ Paul Simons
Legal Validation of Long Descriptions	Make sure that Long Descriptions are aligned with
GTCs.		Edmund Cooper
4. Legal Review of Paper Confirmations	Modify language in the paper confirmations according
to GTCs and Long Descriptions.		Edmund Cooper
5. Translation of Paper Confirmations	If necessary, prepare the following translations:
	? Nordic Conf. - into Norwegian
	? Swiss Conf - into German		Paul Simons/Edmund Cooper
6. Draft Consent Paragraph to be included in the Marketing Letter 	? Draft a
consent paragraph to be added to the Marketing Letter that goes to Ref.
Entities companies
	? Get PR approval		Paul Simons/Edmund Cooper
7. Confidentiality Lists	Identify counterparties in the Confidentiality Lists (all
Enron entities) that will be used as underlying Reference Entities and get
their written consent.		Paul Simons/Edmund Cooper/Mark Taylor
8. Confidentiality Procedures	Prepare Procedures and educate Enron traders that
confidential information about Ref. Entities is not misused.		Paul Simons
9. Prepare Counterparty List	Prepare the Counterparty List and forward it to Legal
(for capacity check) and Credit for approval.
	Note: List must contain exact entity name that will be entering Cr. Deriv.
transactions		Bryan Seyfried
11. Capacity Check on Counterparties	Check counterparties, constitutional documents to make
sure that they have legal power and authority to trade Cr. Deriv.
	Note: Finish counterparties must be &professional investors8.		Paul Simons/Edmund
Cooper/Mark Taylor
12. Get Counterparties List Approvals	Bryan to chase Credit/Legal/Traders to get there
sign-off.		Bryan Seyfried
13. Complete Reference Entities List	? Add information on country of incorporation
and abbreviation (up to 12 characters) to the existing Ref. Entities List.
	? Get Traders, Legal, Credit and Tax (?) approval.		Bryan Seyfried/Raj Sharma
14. Attach Cr. Deriv. GTCs to all Cr. Deriv. transactions confirmations	Make sure that Back
Office procedures are amended accordingly.		Bryan Seyfried/Barry Pierce
15. Investigate whether companies from Canada and Germany can be used as Ref.
Entities	For time-being Canadian and German companies won,t be used neither as Ref.
Entities nor they will be able to enter trades as counterparties. However,
being Ref. Entities ) needs further investigation.		Paul Simons/Edmund Cooper/Mark Taylor
16. Legal Budget	Estimate approx. legal fees budget for Cr. Deriv.		Paul Simons
17. Short Descriptions	Change Short Descriptions:
	? Product Type should read: &US Credit Dflt8, i.e. not &US Cr Dflt Swap8
	? Upload Underlying Credits (Ref. Entities) abbreviation according to Raj,s
List.		Elena Kapralova/Mark Dilworth
18. Online Test	Set up Cr. Derivatives in the Test environment and make test
trades.		Bryan Seyfried and Cr. Deriv. traders
19. Set up New Database	If decision on placing Cr. Derivatives as a separate page is
final, start working on coding a separate Cr. Derivatives Database.		Mark Dilworth to
co-ordinate with IT
20. Sigma Factors	Set-up Sigma factors on the Product Type level.		Mark Dilworth to
co-ordinate with Credit
21. Risk Calculation	Set-up methodology for risk calculation on underlying Ref. Entities.		Mark
Dilworth to co-ordinate with RAC

Legal Deliverables ) Credit Derivatives

Deliverable 	Jurisdiction	Delivery Date 	Status	Delivered by
1. GTCs 	All 			Slaughter&May
2. Long Product Descriptions Validation	All			Edmund Cooper
3. Translation of Norwegian and Swiss GTCs into German and Norwegian if
necessary	Norway, Switzerland			Slaughter&May
4. Paper Confirmations	All			Edmund Cooper
5. Translation of Norwegian and Swiss confirmations into German and Norwegian
if necessary	Norway, Switzerland			Slaughter&May
6. Consent Paragraph in the Marketing Letter	All			Paul Simons/ Edmund Cooper
7. Confidentiality Procedures	N/A			Paul Simons
8. Further info on Canadian and German companies as Ref. Entities	Canada, Germany			Paul Simons/
Edmund Cooper

Credit Derivatives ) Resolved Issues

Resolved Credit Derivatives Issues	Action	Status	Resolved by
1.
2.
3.

Paul Simons
01/17/2000 02:01 PM
To: John Sherriff/LON/ECT@ECT, Louise Kitchen/LON/ECT@ECT
cc: Bryan Seyfried/LON/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Julia
Murray/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Justin
Boyd/LON/ECT@ECT, Rod Sayers/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT, Mark
Frevert/LON/ECT@ECT, Rick Buy/HOU/ECT@ECT, Steve W Young/LON/ECT@ECT, Shirley
A Hudler/HOU/ECT@ECT, David Weekes/LON/ECT@ECT, David Forster/LON/ECT@ECT,
Elena Kapralova/LON/ECT@ECT

Subject: Credit Trading OnLine - Results of Legal Due Diligence and Risk Memo

NOTE - GIVEN THE PROPOSED LAUNCH DATE OF 24 JANUARY 2000 FOR THIS PRODUCT,
THIS NOTE IS INTENDED TO SERVE BOTH AS A SUMMARY OF THE RESULTS OF OUR LEGAL
DUE DILIGENCE AND AS A RISK MEMO

As you know, we have carried out legal due diligence in the eight countries
where it was intended the credit product  would initially be traded via
EnronOnLine - namely, the UK, the US, Canada, Finland, Germany, Norway,
Sweden and Switzerland.  Under the terms of the credit product, on the
occurrence of  a bankruptcy with respect to a specified third party (the
Reference Entity) the Seller of the product (which could be either Enron or
its online counterparty) will pay a fixed, pre-agreed cash sum in an agreed
currency to the Buyer. (It should be borne in mind that this product differs
in a number of ways from the more conventional credit derivatives traded in
the international markets. This means that a change in the nature or terms of
our product or the introduction of alternative credit products will likely
change the analysis below.)

Set out below is an overview of where we have come out on the more
significant legal issues.  I am also attaching a two page "Executive Summary
of Legal Advice" prepared by outside counsel which highlights the significant
legal issues/risks in each country and which should be read in conjunction
with this note mail. As you will see, the Executive Summary does not focus on
issues we raised which are "all clear" from a legal perspective, so as to
keep the summary to a sensible length  (but there was plenty of good news
too!).  Where a legal issue has been identified, I have either set out below
what action is to be taken, or not addressed it further on the basis that, on
the advice of foreign counsel, the risk is not very substantial or unlikely
to materialise. Therefore, where no comment is made below in relation to a
risk highlighted in the attached summary, please assume that the legal risk
is one which, in our view, it is reasonable to take.

A.  Countries in which the credit product can be traded in January 2000

 Finland, Norway, Sweden, Switzerland, UK, US

B.  Countries in which launch of the product via EnronOnline will need to be
delayed

 Canada, Germany (reasons set out below)

C.  General Issues (applicable in all countries)

The credit product is fundamentally different from the usual energy and
related products we trade and so gives rise to new or increased legal risks
of a general nature:

(i)  Capacity - We will not be able to assume generally that our
counterparties will have the legal power and authority necessary to trade the
product and so will need to check each counterparty's constitutional
documents before allowing them to trade the product online.  This applies to
almost all entities (eg corporates, municipalities, insurance companies) in
all countries.  Some entities may lack the power to trade under the general
law (in which case we will not be able to deal with them at all) or under
their constitutional documents (in which case they will need to amend their
constitutional documents if they wish to trade).

The check need only be made once at the beginning of the credit trading
relationship and so can be added to our procedures.  It is not a particularly
onerous job and will increase the cost of this business only incrementally.

(ii)  Confidentiality - We will need to put in place procedures to ensure
that we are not misusing confidential information about our business
counterparties on whom we are offering credit protection.  Misuse can occur
both in pricing the product and trading it.  The procedures will not include
formal Chinese Walls separating the credit traders from our other traders or
the credit department (a point we have managed to agree with both UK and US
counsel following very detailed discussions).  The procedures will include
(a) the use of a Restricted List in both the US and Europe (similar to the
procedure currently used in Houston); and (b) practical steps to ensure that
confidential information derived from other areas of our business and which
we are not entitled to use (eg because it is the subject of a confidentiality
agreement) is not imparted to the credit traders.  In addition, where Enron
has an especially close relationship with a prospective reference entity, or
otherwise has confidential information relating to such an entity, we will
need its written consent before offering protection on that entity.  Without
such consent, there will be an unjustifiably high risk of being sued by that
entity for breach of confidence.

D.  Country Specific Issues

(i)  Canada - There is a substantial risk that the product will constitute
insurance business, constituting an offence and rendering contracts in the
product unenforceable against our counterparties.  We should try to resolve
this issue with the Canadian authorities before launching the product in
Canada.  Timeframe for clearance is highly uncertain since it is not clear
which Canadian authority would take jurisdiction of the matter.

(ii)  Germany -  Again the issue is insurance.  The risk is higher than in
Canada and so Germany should be excluded initially.

(iii)  Norway - There is a material risk that the credit product could be
regarded as gaming in Norway, in which case trades would be void and
unenforceable.  The normal way to mitigate this risk in Norway is by using a
"substantial professional effort" to satisfy ourselves that a trade is being
entered into for valid commercial purposes (normally hedging) by our
counterparty. Clearly, it will not be possible to take such steps on a trade
by trade basis in the context of EnronOnline.  At a minimum, we should
therefore ensure at the outset of the online trading relationship in this
product with each Norwegian counterparty that there is a commercial logic
behind its trading this product type.

(iv)  Switzerland -  If the credit product is the main purpose of our trading
relationship with a counterparty, we should check with the Swiss supervisory
authority whether the product constitutes insurance (the position being
unclear).  If a trade is insurance, it can be terminated by the counterparty
(which is obviously of greater concern if Enron is the Buyer) and an offence
will be committed since Enron is not authorised as a Swiss insurer.  However,
I understand that the initial group of counterparties will be existing
business relationships, in which case we can parallel path this issue.

(v)  US (New York Law)

(a) CFTC regulation - by structuring the product either as a swap or an
option (and meeting certain other conditions) we can rely on exemptions under
the US Commodities Exchange Act.

(b)  US securities laws - there is a small chance that the credit product
constitutes a "security" under US securities laws (please see attached
Executive Summary).  However, SEC regulations allow the public offering of
securities to "accredited investors" which will allow us to deal with
investors having at least US$5 million in assets.  Since most of our
counterparties will be fairly large, sophisticated players, this test should
not impede the business.

(c)  Insider trading - US counsel have advised that the risk of insider
trading occurring as a result of the product being characterised as security
(see (b) above) is relatively remote.

------------------------------------------------------------------------------
--------------------
Please feel free to call me on x36566 if you would like to discuss this
project further.

Best regards

Paul


David,

I know we've met before on your visits to Houston, I am a paralegal in the
ENA Legal Department, in the Swap Group under Mark Taylor.  I am the lead
contact in ENA Legal for counterparty approvals and day to day trading issues
for EnronOnline.  I coordinate responses for the whole Legal Trading Group
(financial, physical, power and emerging markets) with the EnronOnline and
Credit teams.

I understand from my EnronOnline team that I am going to need to approve
financial trading for all my Houston based counterparties a week from
Friday.  Right now that list stands at about 600 counterparties (already
trading).   I was hoping you could direct me as to what restrictions, if any,
we might have for financial trading in Australia.  Are there any restricted
counterparties, such as governmentals, utilities, banks, dealers, etc., or
any restrictions on the products traded (initially I know we are only trading
financial power, although I'm sure the list will expand over time).   Have
your GTC's been drafted with cross-border trading in mind?

Similarly, I assume there will be Australian counterparties signing up to
trade, and the commercial team will want them approved to trade the whole
range of EnronOnline products.   Are there any provisions we must add to the
form of North American product GTCs if our counterparties trade a North
American product from Australia?  Do we have any tax issues or language we
need to cover?  Our standard form of GTC includes New York law and
arbitration.  Will that be enforceable in Australia?  Are there any issues we
need to address if we require collateral (a guaranty or letter of credit)
with respect to a trade?

Thanks for your help!


What do I need to do?  Should I end the exitsting contracts effective
4/30/00 and create new ones effective 5/1/00?  Does Marlene need to create a
new type of FT rate service to make these contracts appear different ( maybe
that has already been done)?

Marlene Hilliard
05/03/2000 05:01 PM
To: Chris Germany/HOU/ECT@ECT, Richard Pinion/HOU/ECT@ECT
cc:
Subject: Re: National Fuel Says They Are Pathed Model Type

I was not aware ot the Sonat Style.  In that case, an IT request is not
necessary.

Marlene Hilliard
---------------------- Forwarded by Marlene Hilliard/HOU/ECT on 05/03/2000
04:58 PM ---------------------------

Richard Pinion
05/03/2000 04:48 PM
To: Chris Germany/HOU/ECT@ECT
cc: Beverly Beaty/HOU/ECT@ECT, Marlene Hilliard/HOU/ECT@ect, Diane E
Niestrath/HOU/ECT@ECT, Donna Greif/HOU/ECT@ECT
Subject: Re: National Fuel Says They Are Pathed Model Type

I have been speaking with Sylvia Campos on this.  Originally they wanted to
do this via IT request which I thought would cause some problems. Since then
they changed their minds and decided to so it Sonat style and merely create a
different service type (so as not to change historically).  To my
recollection that is the way that they were going and supposedly it was
cleared with Connie Sutton.  So this reversal does somewhat surprise me.

RP

Chris Germany
05/03/2000 02:36 PM
To: Richard Pinion/HOU/ECT@ECT, Marlene Hilliard/HOU/ECT@ect
cc: Beverly Beaty/HOU/ECT@ECT
Subject: Re: National Fuel Says They Are Pathed Model Type

Richard, according to Marlene, she needs to put in an IT request to change
the National Fuel contracts from non-pathed to pathed.  Does this sound
correct to you?

Please let me know.
chris
---------------------- Forwarded by Chris Germany/HOU/ECT on 05/03/2000 02:28
PM ---------------------------

	From:  Beverly Beaty                           05/03/2000 02:14 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: National Fuel Says They Are Pathed Model Type

Per our conversation....

Bev
---------------------- Forwarded by Beverly Beaty/HOU/ECT on 05/03/2000 02:14
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Donna Greif                           04/21/2000 12:44 PM

To: Richard Pinion/HOU/ECT@ECT
cc: Beverly Beaty/HOU/ECT@ECT, Diane E Niestrath/HOU/ECT@ECT
Subject: Re: National Fuel Says They Are Pathed Model Type

Richard,

I trust you're on top of this.....let me know if you'd like my help!

Thanks!

dg

From: Diane E Niestrath on 04/19/2000 06:23 PM
To: Donna Greif/HOU/ECT@ECT, Richard Pinion/HOU/ECT@ECT
cc: Dave Nommensen/HOU/ECT@ECT, Beverly Beaty/HOU/ECT@ECT
Subject: National Fuel Says They Are Pathed Model Type

DG & RP,

National Fuel says they are 100% using the GISB pathed model type.  Our Unify
noms are non-pathed.

1) Can you look at the National Fuel invoice and verify that the accounting
area will still work effortlessly if we change Unify to pathed.
2) If we elect to change Unify's model type to pathed, let's do it just like
we did Southern Natural.  And, I would like this done for May 1 noms in
production and have the Scheduler (Beverly?) path in this new model type
manner.  We are suppose to be getting scheduled quantities in production
starting tomorrow, unless ECOM prevents it, so you'll be able to see what the
pipe expects in the pathed model type.
3) If we elect to NOT change Unify's model type to pathed, I guess we can't
ever edi this pipe unless I can figure out some clever way to join up the
noms.

Beverly, Do you think it would be a problem to start entering the upstream
k's and downstream k's when you path in Unify.  The pipe told me this is
mandatory data unless the nom is involved in the Appalachian area.  If it is
a problem, don't do, I don't want to slow you down since you have to enter
the data twice today.  If and when we do edi, we'll need the up/down k's
entered at that time.

Thanks, Diane
x3-9931

==============================================================================
=======================
Email excerpt between Diane (in magenta) and Chris Zachary in IT Dptmt at
National Fuel Gas Supply Corp (in blue) ===>

>> 3) Please confirm that your model type is always "P" pathed from noms all
the
>> way down to invoices.

    Our model type is always "P" for pathed.


Sorry but Lynn already gave it away

 -----Original Message-----
From: 	Garcia, Ava
Sent:	Tuesday, October 09, 2001 9:47 AM
To:	Corman, Shelley
Subject:	Josue Astros Ticket
Importance:	High

Shelley, Josue was able to get an okay from Rick and was wanting the ticket back he originally won the ticket if you haven't already given it away please let me know.


Sitara 147092 is tiered pricing. If you want, you can nom whatever volume is
on the deal ticket and the economics will work out correctly. It will keep
things in balance a bit better, but you can go either way. For Feb there is a
base deal for 5000/day and a term deal for 20,000/day. Only 15,000 of the
20000 is pathed.