Please excuse the long e-mail below - I knew we'd never get a chance to all
get together, and this is somewhat urgent as I have to complete the Finance
Committee presentation for the upcoming BOD meeting by the end of next week,
and it will include trading results for the 1st quarter, reported in
accordance with the risk management policy.  Due to issues noted below, this
may require immediate attention by your staff as we have a few short days to
come up with the best quality numbers we can.  I talked to Beth already, and
MRM met with Chris Abel's group to see if there was a short cut, but our
joint conclusion was that the business unit controllers need to be involved
in this process as you are the experts on your businesses and can apply the
best judgment to decide on the trading results to be reported to the BOD.
We'll probably need to go with our best estimate of 3/30 #s as of end of the
day next Tuesday or Wednesday at the latest.

As you recall, the February 12th BOD meeting resulted in a clarification that
the BOD approved trading limits were limits on the generic commodity groups
defined, and accordingly the trading results must be reported consistent with
that limit structure (management reporting can be different of course).
Chris Abel's global energy operations group has prepared a "RAC" DPR that
attempts to aggregate the commodity groups in accordance with the risk
management policy, so that top management and the BOD can see Enron's
exposure to individual commodities on a consolidated basis.    (A)  This DPR
will not impact actual sharing of P/L from a management reporting/business
unit perspective - this is purely for market risk management purposes and
reporting to the BOD.  But commercial management will need to review and sign
off on the RAC DPR and monitor limits accordingly, as these limits are at an
Enron level.

The specific trading results we need for the BOD presentation are the first
quarter P/L and average daily VaR, by commodity group.  The first RAC DPR
available is as of 3/30 - so while it has cumulative P/L, VaR is only as of
3/30.  (Note - we're also comparing to 1Q 2000, but we're not going to
attempt to resolve cross-commodity reporting for that period except at a high
level).

Your participation is needed in resolving: 1) cross-commodity reporting per
the new RAC DPR - both retroactively for the 1st quarter, and going forward,
and 2) ROVAR (return on average daily VaR by commodity group) for the 1st
quarter.  This aggregation of cross-commodity activity has been completed by
Chris as of 3/30, so he has what he believes to be P/L aggregated for the
quarter in accordance with the policy. What we don't have is VaR on a daily
basis as the first time it was calculated on an aggregated basis was on
3/30.  Obviously we're not going to be able to go back and calculate daily
VaR for the entire quarter by commodity group aggregated in this new manner -
especially within a week.  So it appears we'll need to "swag" average daily
VaR - by reviewing the cross commodity positions aggregated at 3/30, by
considering cross-commodity activity you're aware of that took place
throughout the quarter, and using our best estimate of the impact on VaR for
this cross commodity activity.

Due to this adjustment in historical reporting practices, we feel a certain
level of due diligence is required for us to  feel confident we're reporting
to the BOD in accordance with the policy. And since we only have a few days,
I thought a team approach to tackling the review would facilitate a prompt
resolution of material issues, and then you and Chris' group can work out
your processes and procedures on how to handle going forward as you see fit.
When you consider materiality, please involve your Market Risk contact -
while a transaction/position/book may not be material to gas or power, it may
be material to Global Products,  Weather, etc..

Would you please help us with the following:
? Confirm your review of Chris' aggregation on the RAC DPR at 3/30 (Chris'
staff can walk you through)
? are all the cross-commodity positions you're aware of being reported
correctly?
? is there other cross-commodity activity not present at 3/30 and
consequently not aggregated for the quarter's results, but actually present
during the first quarter and material? If so, estimate impact on P/L and
average daily VaR.
? we're not expecting an exhaustive search or analysis - perhaps you can
simply discuss this issue with the traders who handle this type of activity
to get a feel, and if they point on specific material transactions, we can
address those; you can determine best approach
? are there certain books in RisktRAC that have cross-commodity positions
imbedded/combined - either held currently or those that generated significant
VaR or P/L during the quarter?  Going forward these will need to be reported
separately to facilitate risk reporting, but in the next week what we need is
an estimate of the impact on the corresponding commodities, or a conclusion
that the impact is immaterial.
? Once you've reviewed the summary of cross commodity activity per the RAC
DPR and per your own knowledge, help us estimate the impact on the respective
commodities' average daily VaR for the quarter - you can discuss with your
market risk contact your recommendation on a reasonable "swag" approach.

After considering the information above, please provide your assessment on
whether you are in fact able to capture and report all the cross-commodity
activity, and if not, identify the issues involved and whether it is
something that market risk needs to address, or if it will simply take more
time to resolve the reporting details.

If you have other recommendations on how to get comfortable with the trading
results for the quarter, please feel free to pursue those.  I do not mean to
imply I know how to do your jobs, or that you're not doing them - I simply
want to coordinate with you to ensure the #s we report to the BOD are the
numbers you agree with, and that if they're not completely accurate given
recent implementation, that we are able to articulate and estimate the
potential misstatement, if any.  As you are the experts on your businesses'
results, I simply wanted to make sure I closed the loop with what we in MRM
understand regarding your reporting of the cross-commodity activity and
trading results and the application of the policy.

On a separate note, we need you to identify P/L related to special
transactions that flowed through the DPR, but do not really represent trading
activity - examples in the past are SFAS 125 transactions and other unique
gain/loss events - we're reporting 1Q 2001 and 1Q 2000, so whatever we can
recall about last year will also be considered. We will be sending you a
reconciliation from the DPR to the BOD package that we use to document any
special adjustments, and will discuss this with you to come to an agreement
on adjustments to the DPR reporting to derive true trading activity. These
adjustments should be minimal, but we'd like your input to conclude.

Thank you for your cooperation,

Regards,
Cassandra Schultz
x30429
713 858 2618 cell
936 321 2185 home

(A)  For example, North American Electricity limits represent Enron's
consolidated NA Electricity trading activity, without regard to which
business unit or commodity group actually executes the trades or holds
positions. So if Power has some gas positions for hedges or other reasons,
these gas trades need to be removed from Power VaR and P/L and combined with
Gas' VaR and P/L, etc..  Heating oil positions held outside Global Products
should be aggregated with Global Products; Global Products' positions in gas
and power should be aggregated with gas and power, with corresponding
adjustment to Global Products' results.


Dear Vince:
?
I am in a somewhat delicate position. One of the  people in the group here
has asked me to introduce him to you.? As an El  Paso vice president, I
should not have agreed to do this, and frankly, the guy  should not have
asked.? But he is clearly very unhappy at El Paso, so, as a  human being, I
felt it was appropriate. Also, because this guy would have  contacted you
anyway, with or without my introduction, as a professional  courtesy, I would
like you to benefit from my experience with this  fellow.
?
The guy's name is Joao Neves (Portugese).? I  think he is reasonably bright
and seems to have a quite deep understanding of  general finance and
financial mathematics. He is a manager and feels very  frustrated because he
had hoped to be promoted to a position of authority.  Instead the group's
M.D. brought in two Price-Waterhouse-Coopers consultants as  V.P's to run the
structuring and quant sides of the group. In this respect, I  can understand
his unhappiness. Unfortunately for him, however, I also think it  is in his
nature to whine.? I have observed him to bad mouth lots of people  starting
with the IT guys (ok, that's perhaps not much an indictment!) all the  way to
dismissing Broadie & Glasserman's or Eduardo Schwartz' works as  shoddy or
shallow.? He does not seem to suffer well people he considers  fools.? Caveat
Emptor, therefore! Having said all this, I do want to  emphasize that he is a
bright guy, is very pleasant with me, and, perhaps given  the appropriate
environment and supervision, might be quite productive.?  But don't take my
word for it. Talk to him, and see what you think.?  Obviously, I would ask
that you keep these comments in confidence. I have given  you an honest
assessment -- brutally so.
?
'Nuff said! I have fulfilled my moral obligations  both to Joao and to you.
?
Best Regards,
Grant.


Hello EJOT,

This is just a reminder about Thursday's (06/22/00) 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#

Also please see last week's consolidated report:

Thanks, Eddie!


FYI
Lets discuss
Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 09/13/2000
05:35 PM ---------------------------

Pam Benson@ENRON_DEVELOPMENT
09/13/2000 04:55 PM
To: Jeff Skilling/Corp/Enron@ENRON, Kevin Hannon@ENRON COMMUNICATIONS, Ken
Rice@ENRON COMMUNICATIONS, Mark Frevert/NA/Enron@Enron, David W Delainey@ECT,
John Sherriff@ECT
cc: Sherri Sera/Corp/Enron@ENRON, Katherine Brown/Corp/Enron@ENRON, Kay
Chapman@ECT, Nicki Daw/NA/Enron@Enron, Carol Ann Brown@ECT, Dorothy
Dalton@ENRON COMMUNICATIONS, Lauren Urquhart@ECT, Jana Mills@ECT
Subject: Associate/Analyst Program

Hello everyone!

Joe Sutton would like to have a meeting to discuss the above subject on
Monday, September 18 at 10:00 am - Houston time.  If you plan to be in
Houston at this time, please meet in Jeff's office.  A telecon number will be
arranged and we will furnish this number to you tomorrow.

Due to Jeff's very busy September calendar - this is the only slot we could
get.

Thanks for your support!


This is to advise you that we have canceled next Monday's (May 21) 9:15AM ETS
Staff Meeting and will resume the following week on Tuesday (May 29) from
9:30 to 11:00AM in 49C2.

NOTE:  Next week, in the absence of our staff meeting, Stan would like you to
send him (via electronic mail) brief, updated bullet points.

Let me know if you have any questions or concerns.

Thanks,
Cindy
X36197


From:	Courtenay_Dolan@fortunemail.com@ENRON [IMCEANOTES-Courtenay+5FDolan+40fortunemail+2Ecom+40ENRON@ENRON.com]
Sent:	Thursday, July 26, 2001 2:29 PM
To:	PRHOPKIN.MPD-COP@mpdc.org; Shelly.Lazarus@ogilvy.com; juanher@gte.net; Lay, Kenneth
Cc:	plonzano@presidencia.gob.mx; William_Nabers@fortunemail.com; pictorial.1@home.com
Subject:
brainstorm 2001: the Fortune Editor's Invitational
10/1/01 issue cover shoot

photographer:  Michael O'Neill
date:   8/2/01
time:   11:00am for grooming
        11:30am shoot
location:   Salon 1
            conference room level
            St. Regis Hotel
            Aspen

attire: conference casual

FORTUNE Contact:    Courtenay Dolan  212.522.0283
                    cell: 201.401.4374
                    courtenay_dolan@fortunemail.com


Start Date: 2/1/02; HourAhead hour: 10;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020110.txt


Hi folks,

I have been getting calls from both Engage US credit and Engage Canada credit
regarding the guaranty's we have in place and what they want in place.  I
have also been working on getting the ISDA's and Master Physicals in place.
I want to see if we can get some resolution on these issues.  Below is a list
of the entities Enron is trading out of and with which Engage entity.  Can we
please work to get the contracts and guaranty's in place.  Let me know how I
can move forward with my Engage contacts.

Enron Entity                Engage Entity                   Contract
Type/Collateral Amnt.                Engage Guarantor/Amnt
ENA   Engage US   ISDA   $20MM      Coastal $20MM
ENA   Engage US   Master Firm Purchase Sale $10MM  Coastal $10MM
ECC   Engage Canada  ISDA   $10MM     Westcoast Gas $10MM**
ECC   Engage Canada  Master Firm Purchase Sale $15MM  Westcoast Gas $15MM**

**With respect to the Westcoast Gas Guaranty, I am prepared to accept a total
amount of $25MM covering both guaranty's and both products.  I know a
guaranty from Westcoast has been received for review by Mary Cook covering
financial transactions, although now this guaranty or a separate guaranty
should be received tied to the Master Physical between ECC/Engage Canada for
an additional $15MM.

Also, with respect to the Coastal guaranty between ENA and Engage US, I feel
we should get and give two separate guaranty's for financial and physical.  I
have discussed this with Debra Perlingiere as it relates to the Master
Physical.

The guaranty issues seem to be the largest issues.  Can I get an update from
each person involved with one of the above contracts to let me know where we
stand on these issues.

Regards,
Russell


Mark F,

Please see the attached work request.  With owner reporting upcoming, you
will have more time for this request.  One issue I saw was estimating the
lost production during the fault events, but I'll let you discuss this with
Tom if it will be an issue.  Maybe the new field in the Faults table might
help?  If so, let me know and I'll push for this do get done.

JD
---------------------- Forwarded by Jeff Duff/EWC/Enron on 05/29/2002 05:22
PM ---------------------------

	Tom Nemila
	05/29/2002 05:01 PM

To: Information.Services@enron.com
cc:

Subject: Request

To Whom It May Concern:

Please contact me regarding the attached request to discuss schedule. Thanks.

-Tom-


_____________________________________________________________________

Enron Law Conference
2001

May 2-4, 2001
Westin Riverwalk
San Antonio, Texas

Look for RSVP forms the end of February via e-mail.

_______________________________________________________________________


Chris- This was entered by Judy on deal 202249.  Party is Union L&P (CG&E).
I killed deal 223022.
Scott

Chris Germany@ECT
03/21/2000 06:07 PM
To: Scott Goodell/Corp/Enron@ENRON, Dan Junek/HOU/ECT@ECT, Jesse
Villarreal/HOU/ECT@ECT
cc: Brenda H Fletcher/HOU/ECT@ECT

Subject: clgf k#66547

What's this - according to Navigator, we only have this contract for 1 day on
Feb 23rd?  I just entered it in the ces retail sheet.  MDQ = 5000 and the
rate is $.01?  Who did this deal?

The receipt points are Exxon-Chalkley, NGPL, and Tenn-Egan.   The delivery
point is Rayne.  It looks like we nominated gas on this contract.  I'm
setting up this up in Sitara and on our 2000tran02.xls worksheet and I
entered it in Sitara deal 223022.

Jesse, this will need to be scheduled in Unify.


Thanks to all of you, Enron North America has had an outstanding year in
2000.  Some of the more notable accomplishments include:
a) 100% plus increase in EBIT from 1999 actuals to 2000 forecast;
b) significant rationalization of the balance sheet including the sale of the
(i) Wind River/Powder River gathering assets, (ii) East Coast Power
generating assets, (iii) HPL and (iv) five of the six Eastern Peakers;
c) ENA is the leading energy merchant by a factor of two;
d) physical electricity volume grew by 34% YTD 1999 to YTD 2000 forecast;
e) natural gas volumes grew by 82% YTD 1999 to YTD 2000 forecast;
f) 500% growth in daily transactions from November 1999 to November 2000 due
to the highly successful Enron OnLine distribution channel; and
g) ENA reaching its 25% ROCE target.

These are truly outstanding accomplishments and our expectations for growth
and opportunity in Enron North America for 2001 are consistent with that
success.  In order to reach these goals, we felt it necessary to re-align a
number of our organizations. A number of these changes are completed.  The
goals of such re-alignment include:
a) increase overall productivity with the goal to ensure that every employee
is in a position to contribute regardless of skill set;
b) increase overall market coverage, deal flow and information generation
with the goal to increase bid/offer income, increase the velocity of deal
flow, improve customer coverage and promote quality information transfer to
our trading organization;
c) increase deal quality and earnings quality with the goal to (i) allocate
our resources towards the best transactions and (ii) significantly increase
our &mid-market8 originated transactions in our portfolio;
d) promote real time decision making and a closer tie between our trading and
origination (mid-market and structured) organizations in order to better
align those functions to reduce the amount of un-productive internal focus;
e) increase the overall velocity of the capital being utilized consistent
with our goal of a 25% plus return on capital employed; and
f) identify and recognize a host of new leaders in the organization that are
critical to meeting our goals next year.

With these objectives in mind, patterned after the successful business models
in Calgary and Portland, effective immediately the following changes are
being implemented:
a) East Power ) a single East Power Team incorporating trading, mid-market
and origination will be formed under the co-leadership of Kevin Presto and
Janet Dietrich who will report to the Enron Americas - Office of the Chairman
(EA OOC).  This team will have one income statement, one book and a joint
accountability. However, a clear delineation of responsibilities inside these
teams will continue to exist in which the trading organization will manage
the risk, income statement and product development aspects of the
partnership. The originators will have the primary responsibility to generate
origination income, provide coverage, deal flow, lead strategy formulation,
provide information and generate strategic positions.  Overall, the team will
be rewarded based upon increasing the value of the book, meeting
coverage/deal flow targets and meeting its strategic/growth goals in the
Eastern power markets. The team will be responsible for covering the IOU,s,
muni,s/co-ops, industrials and IPP,s and will utilize all ENA,s product
capabilities including the power commodity, assets and capital. The team will
further be broken down into several key strategic regions and business units
including:
  (i) ERCOT ) managed by Doug Gilbert Smith and Bruce Sukaly;
  (ii) NE ) managed by Dana Davis and Jeff Ader;
  (iii) Midwest ) managed by Fletch Sturm and Ed Baughman;
  (iv) SE ) managed by Rogers Herndon and Ozzie Pagan;
  (v) East Power Development ) managed by Ben Jacoby;
  (vi) East Power Structuring  - managed by Bernie Aucoin; and
  (vii) East Power Fundamentals and the &Genco8 ) managed by Lloyd Will

b) West Power ) there will be no changes to the Portland office which is
managed by Tim Belden and Chris Calger .  Both Tim and Chris will continue to
report to the EA OOC.
c) Canada and Mexico ) there will be no changes to the Canadian or Mexican
offices which are managed by Rob Milnthorp and Max Yzaguirre respectively.
Both Rob and Max will continue to report to the EA OOC.
d) U.S. Natural Gas ) there are several changes anticipated in this business
consistent with the goals and objectives described above. The changes
primarily affect the East, Central, West and Texas gas regions. Each region
will consist of a single gas team incorporating trading, mid-market and
origination. Each team will have one income statement, one book and a joint
accountability. However, a clear delineation of responsibilities inside these
teams will continue to exist in which the trading organization will manage
the risk, income statement and product development aspects of the
partnership. The originators will have the primary responsibility to generate
origination income, provide coverage, deal flow, lead strategy formulation,
provide information and generate strategic positions. Overall, the team will
be rewarded based upon increasing the value of the book, meeting
coverage/deal flow targets and meeting its strategic/growth goals in the
Eastern, Western, Central and Texas gas markets.  The team will be
responsible for covering the LDC,s, muni,s/co-ops, industrials, IOU,s, IPP,s
and the producers.  There will be an increasing focus on the upstream side of
the business including the producers, transporters and storage providers in
addition to market area opportunities. The team will utilize all of ENA,s
product capabilities including the gas commodity, assets and capital. Each of
these groups will report directly to the EA OOC;
East Gas ) a single East Gas Team incorporating trading, mid-market and
origination will be formed under the co-leadership of Scott Neal and Frank
Vickers who will be returning from Portland to join this team.
West Gas  ) in a similar manner, a West Gas Team will be formed co-managed by
Phillip Allen and Barry Tycholiz, who will be joining us in Houston from the
Canadian team. The Denver office under Mark Whitt will be integrated under
this team.
Central Gas )  in a similar manner, a Central Gas Team will be formed
co-managed by Hunter Shively and Laura Luce. The Chicago office will be
integrated into this team.
Texas Gas ) the Texas Gas Team will be managed by Tom Martin. This team will
continue to manage the gas trading business around HPL until the pending sale
is concluded in Q2 2001.  After the sale of HPL, this team will build a Texas
gas business without ownership of the HPL assets.
Financial ) this group will continue to be managed by John Arnold with no
significant changes.
Derivatives ) this group, lead by Fred Lagrasta, will offer derivative and
financial mid-market products and services to the natural gas market
specifically targeting CFO,s and treasury departments.  Fred will continue to
maintain certain existing mid-market accounts with a number of producer and
industrial accounts where relationships are well formed. Otherwise,
mid-market coverage will gravitate to the regions. The New York office gas
marketing efforts will continue to be managed by Fred.
Upstream Products ) this group, lead by Jean Mrha, will develop several
distinct product offerings for the upstream segment of the gas market.  This
group will develop and market the product in conjunction with the regions.
This is consistent with our desire to have a broader product offering and
greater market penetration in the upstream segment.  These products include
producer outsourcing, similar to our successful Petro-Canada and Suncor
relationships in Canada, physical storage re-engineering, compressor
services, wellhead liquidity products and offshore asset and capital
products.  In addition, Jean will manage our Bridgeline joint venture with
Texaco.
Gas Structuring ) this group will be lead by Ed McMichael, reporting to Frank
Vickers, will provide structuring and deal support to all the gas teams.
Gas Fundamentals ) this group will be lead by Chris Gaskill, reporting to
Hunter Shively, will provide fundamentals to all the gas teams.

Julie Gomez will continue to support the gas floor through several identified
projects including long-term supply/demand analysis and, natural gas
transportation capacity trading opportunities.

There is an expectation of some customer overlap between the gas and power
groups; for example, the combination utilities and the IPP,s.  The teams will
coordinate with regard to the combination utilities like Con. Edison or
PG&E.  With regard to the IPP,s, to the extent that the product offering
involves an underlying power position, the power teams will manage. We have
asked Janet Dietrich to coordinate such overlaps between the two
organizations in Houston.

e) Technical/Restructuring - In the effort to consolidate and centralize our
technical resources (engineering, development, operations, pipeline) to
ensure that this skill base is available to all ENA groups and utilized
productively across the organization, Brian Redmond will form and manage the
Technical Services Group.  This group will manage ENA,s technical risks and
will provide, on a cost basis, technical services for the entire ENA
organization. This group will manage the interface with EE&CC and OEC.  In
addition, the Restructuring Group, currently managed by Dick Lydecker, will
report to Brian Redmond.  This group is currently monetizing a large portion
of the merchant investment portfolio given our current strategies.  This
group will have continuing responsibility to manage troubled commodity and
capital transactions that need considerable time and attention to manage risk
and monetize.

In addition to these responsibilities, Brian will manage the pending sale and
transition of the HPL asset over the next couple quarters as regulatory and
securities approvals are obtained in order to complete the sale.  Brian will
report to the EA OOC.

f) Principal Investing  )  with the departure of Jeff Donahue to new
opportunities in EBS, ENA,s venture capital function will be managed by
Michael L. Miller.  This group makes small investments in distributed
generation, power quality and technology companies that can benefit from
Enron,s distribution channels and expertise.  Michael will report to the EA
OOC.

g) Corporate Development ) Tim Detmering will assume the corporate
development responsibilities for ENA as Jeff transitions to his new role and
will report to the EA OOC.

h) Generation Investments ) there will be no changes to this group managed by
Dave Duran. Dave will continue to report to the EA OOC.

i) Energy Capital Resources ) there will be no changes to this group
currently lead by C. John Thompson and Scott Josey.  John and Scott will
continue to report to the EA OOC.

As a final note in the interest of keeping things simple, Enron Americas will
have two operating divisions  - Enron North America and Enron South America.
As a result, we will continue to conduct business under these two operating
companies; therefore, eliminating the need to change legal entities et al.
If you are currently a commercial employee of ENA or ESA you will continue to
conduct business in that company.

We look forward to another exciting year in the North American energy
market.  This is certainly a company unrivaled in the marketplace with the
most talented employees.  The opportunities are endless.  We wish you and
your family a very happy and safe holiday season.


Scott:

I have a call scheduled with Martin for tomorrow morning to discuss these
CFTC  issues.  I'll let you know how it goes.

I have also not forgotten your request for my view on Martin's tenure in
Houston.  I have mixed feelings that are difficult to put down in writing and
I'm hoping we can take a few minutes in New Orleans to discuss.

Mark


If you are looking to feed and challenge your faith, visit
Crosswalk.com's Spiritual Life Channel at:
http://spiritual.crosswalk.com
-----------
T O D A Y    G O D    I S    F I R S T
                  Marketplace Meditations
                       by Os Hillman

Placing Trust in Our Strength

So the Lord sent a plague on Israel, and seventy thousand men of
Israel fell dead.
- (1 Chronicles 21:14)

When was the last time your overconfidence cost the lives of
70,000 men? That is exactly what happened to David. David made
what might appear to be an innocent request of his general, Joab.
But the minute Joab heard the request, he cringed. He knew David
was in big trouble for this one. You see, to number the troops
was a great sin in Israel because it was against the law. Why?
Because it demonstrated that you were placing more trust in
numbers than in the living God. David displayed enough pride to
cost the lives of 70,000 fighting men. God gave him three choices
of punishment for his sin. A plague was the one he chose, and it
resulted in the loss of 70,000.

Throughout Israel's history, God set the stage for battles to be
won, miracles to take place, and people to exercise faith. The
stage was always set so that man could not take credit for what
God did. Consider Gideon who was only allowed 300 men to fight an
army of 100,000. Consider Jehoshaphat, who had to lead his army
with his singers. God defeated the enemy. Consider Joshua, who
was told simply to walk around Jericho seven times, and they
would get victory. God did things in some very unconventional
ways!

How does this relate to you and me as businesspeople? Well, the
minute you and I place more trust in our abilities than in God,
we are guilty of numbering the troops. How does He punish us?
Sometimes it's through letting a deal go sour. Sometimes it's
through problems with a client or vendor. Sometimes situations
just blow up in our face. Other times, He lets us go on for a
long time doing our own thing, but eventually He deals with it.

The lesson here is to learn daily and complete dependence on God.
Use your gifts and abilities through the power of the Holy
Spirit. Ask Him daily for direction and wisdom. His ways won't
always line up with conventional wisdom. When we begin depending
on our abilities only, God has a responsibility to make known to
us who is the giver of the blessings.

* * * * * * * * * * * * * * * * Author's Note * * * * * * *

What are the hindrances that keep you and I from living
fully for Christ? What motivates us to destructive behavior?
How can I rid myself of bad habits? Read a feature article
published by Money Matters newsletter from Christian
Financial Concepts (Now Crown Ministries) on Os Hillman's
personal Testimony regarding the influence of spiritual
strongholds. Request the free article by sending an email to
strongholds@quicktell.com

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

Published and distributed by Crosswalk.com, this daily devotional is
written by Os Hillman (os@marketplaceleaders.org).  Os is president of
Marketplace Leaders, an Atlanta based ministry teaching Biblical
principles for career and business success.  He offers a FREE newsletter
and other resources at:
http://www.marketplaceleaders.org

Order "TGIF: Today God I s  First" - 365 daily meditations to motivate
and inspire for $17 for TGIF subscribers. Click here to order:

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Any news on looking at the NiSource storage stuff?  Have we gotten the packet
from Chase or whichever investment banker guys you talked to?  I heard again
from a non-Enron source that "Enron is looking at the MHP assets" so it must
be true!  Thanks.   DF


----- Forwarded by Tana Jones/HOU/ECT on 04/11/2001 02:02 PM -----

	Carol St Clair
	04/11/2001 01:58 PM

		 To: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Mary
Cook/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, Tana Jones/HOU/ECT@ECT, Robert
Bruce/NA/Enron@Enron, Anne C Koehler/HOU/ECT@ECT, Cheryl
Nelson/NA/Enron@Enron, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan Bailey/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron, Stephanie Panus/NA/Enron@Enron, Mark
Greenberg/NA/Enron@ENRON
		 cc:
		 Subject: Offsite

Please plan to attend a 1/2 day offsite on Thursday, May 24th beginning at
Noon.  Place to be announced later.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


(See attached file: rigs051702.pdf)

This message and any attachments (the "message") is
intended solely for the addressees and is confidential.
If you receive this message in error, please delete it and
immediately notify the sender. Any use not in accord with
its purpose, any dissemination or disclosure, either whole
or partial, is prohibited except formal approval. The internet
can not guarantee the integrity of this message.
BNP PARIBAS (and its subsidiaries) shall (will) not
therefore be liable for the message if modified.

                ---------------------------------------------

Ce message et toutes les pieces jointes (ci-apres le
"message") sont etablis a l'intention exclusive de ses
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message par erreur, merci de le detruire et d'en avertir
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message, dans l'hypothese ou il aurait ete modifie.


Andy:

It was a real pleasure to meet you yesterday.  I appreciate that you gave me
the opportunity to tell you who I am, what I have accomplished and what my
career goals are.  This PRC is critical in my transition to a manager role.
Please feel free to let me know if you have any questions.

Sincerely, Humberto


Following please find the Daily EnronOnline Executive Summary.


Thanks for your nice note.  Haven't seen you in a while - hope that all is
going well for you.  --Sally

	From:  Richard Lauer                           01/16/2001 08:11 AM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Congratulations!

Congratulations on your latest achievement!  It's great that you are
recognized for all your hard work and dedication.

Sincerely  rl


---------------------- Forwarded by Kay Mann/Corp/Enron on 05/17/2001 08:44
AM ---------------------------

Kay Mann
05/17/2001 08:44 AM
To: Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: Confidentaility Agreement

KC,

We need a confidentiality agreement relating to asset management services for
Intergen.  We may have a confidentiality agreement in place - please check
with K Young.  It probably won't cover this.  Plus, I think this should be in
the name of EPMI - Reagan, what do you think?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 05/17/2001 08:41
AM ---------------------------
From: Reagan Rorschach/ENRON@enronXgate on 05/16/2001 05:38 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Confidentaility Agreement

Kay, Intergen information:

Intergen North America
Two Houston Center
909 Fannis, Suite 2222
Houston, Texas
713.374.3900 phone
713.374.3954 fax
Contact:  John Jones, Vice President

Scope of services:

Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363


Attached is EPMI's protest of GridFlorida's amended Dec. 15 filing.  We
protested:

Certain Governance provisions
The allocation to the utilities of the PTRs (physical transmission rights)
The balanced day ahead scheduling requirement (telling FERC that it should
require a real time energy market instead)
Suggest an alternative approach to the ICAP market in which the ICAP is
monitored and a market only established after the icap drops (incentivizing
the LSEs to keep their reserves at the required level)

 - 0137379.01


Please, take a look at his results. Another model for CA PX.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/13/2000
02:14 PM ---------------------------

Joel Brown <energyrisk@earthlink.net> on 03/08/2000 11:00:42 AM
To: vkamins@enron.com
cc:
Subject: Initial simulation results

Vince,

Thanks for taking the time to look at these initial results.  They are
based on the Cal PX volumes and unconstrained market clearing price
(UMCP).  Any commercial application would involve Cal ISO loads and
zonal prices, a relatively straight-forward extension of the work.

Currently I'm working on modifying the deterministic portion of the
power price to account for the sharp increase in oil and gas prices
since last year.  I'll let you know if I make any headway in that
effort.

I'd appreciate any feedback you might have regarding these results.

Thanks Again,
Joel Brown
EnergyRisk, llc

 - SimResults.xls


What do you want to do with bhp for august?


FYI.
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 08/31/2000 11:14
AM ---------------------------

Tracy Cooper@ENRON COMMUNICATIONS
08/28/2000 01:07 PM
To: Sue Nord/HOU/EES@EES, Susan M Landwehr/HOU/EES@EES, Jeff
Dasovich/SFO/EES@EES, Margo Reyna/NA/Enron@Enron, Lisa Yoho/HOU/EES@EES,
Marchris Robinson/HOU/EES@EES, Scott Bolton/Enron Communications@Enron
Communications
cc:
Subject: States map- UPDATE

Hi everyone

Attached is a ppt presentation of our progress ----

Tracy J. Cooper
Please note my name has changed from McLaughlin to Cooper
Enron Broadband Services
Government Affairs
(503) 886-0396

----- Forwarded by Tracy Cooper/Enron Communications on 08/28/00 10:54 AM
-----


---------------------- Forwarded by Rosalee Fleming/Corp/Enron on 12/13/2000
05:59 PM ---------------------------

Kathy Mayfield
12/13/2000 05:02 PM

To: Rosalee Fleming/Corp/Enron@ENRON
cc:
Subject: Thank you for the Charitygift

---------------------- Forwarded by Kathy Mayfield/Corp/Enron on 12/13/2000
04:38 PM ---------------------------

bill_morgan@kindermorgan.com on 12/13/2000 04:34:58 PM
To: kathy.mayfield@enron.com
cc:

Subject: Thank you for the Charitygift

Thank you for the Charity Gift Card.  I decided to donate the gift to the
Depelchin Children's Center.


OK, here's my 2 cents' worth:

Avale Corp.
I also like Enable.
I think either one would look fine on an EBB list of customers...

Also -- any name we choose could include the words Capacity Management.  But
I'm not sure we want to or need to be that descriptive.

Jeffery Fawcett
12/08/2000 02:04 PM
To: Susan Scott/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, TK
Lohman/ET&S/Enron@ENRON, Christine Stokes/ET&S/Enron@ENRON, Michelle
Lokay/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, Lindy
Donoho/ET&S/Enron@ENRON

Subject: NewCo names

Here's my best shot(s):

NatCom Energy Services, Inc.

Streamline Energy Services, Inc.

Handyman Energy Services, Inc.

Enable Energy Services, Inc.  (var. Enerable)


Below is an Excel spreadsheet that shows all outstanding November 2001 TW transportation invoices mailed to ENA on 12/03/01 in which they were designated as the payor.  Of the $569,434.56 invoiced, $213,603.58 was through our capacity release program as the acquiring shipper for two Citizens Communications Company contracts.  Another $226,350.00 was for ENA acting as agent for Eastern New Mexico Gas Association, Enervest San Juan Operating, LLC, and the Southern Ute Indian Tribe.  The remaining $129,480.98 is for their own contracts with TW.  Please see the attached schedule for the details.

Citizens is aware of their accountability for ultimate payment of the demand portion of the contracts in which they released capacity.

Rick


Larry Anderson with Carr has called to inquire about ENA financials and an Enron Corp. guaranty.  From an historical perspective, it has always been my understanding that Enron Corp. did not wish to provide guaranties to brokers and we have been successful in that regard with several recent exceptions.  In particular, Enron Corp. provided Carr with a "comfort letter" reciting the corporate "policy of general financial responsibility and interest in seeing that subsidiaries act responsibly."  [letter dated February 16, 1999]  Such letter is no longer sufficient to satisfy Credit Agricole which owns Carr.

Joe, I believe that Larry may have already spoken with you.  I don't know if your conversation included discussion of a guaranty.

Please let me know how you would like to proceed.  Thanks.

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


Sorry about this gang, but my new computer messed up the e-mail list.
It's 4 am and I think I have fixed it.  Maybe.  Bear with me if you are
getting this for the second time this morning.

gba

X-Mozilla-Status2: 00000000
Message-ID: <398A81DA.E883D290@idt.net>
Date: Fri, 04 Aug 2000 01:42:26 -0700
From: Gary Ackerman <foothi19@idt.net>
Reply-To: foothi19@idt.net
Organization: Foothill Services
X-Mailer: Mozilla 4.74C-CCK-MCD {C-UDP; EBM-APPLE} (Macintosh; U; PPC)
MIME-Version: 1.0
To: webmaster <charlotte@wptf.org>
Subject: WPTF Friday Amen Burrito
Content-Type: multipart/alternative;
boundary="------------5CA857B6E2003A3BEF3A907F"

?
THE FRIDAY BURRITO
"...more fun than a fortune cookie, and at least as accurate."

Everyone is getting into the act.? When I started this gig, I was the only
guy in town writing to folks like you about the power industry in
California.? I wrote about what,s new, what,s happening, and all the
important stuff.? This week, Governor Gray Davis decided to write his own
Burrito.? His epistle got more press than mine, but why is he muscling in on
my turf?? Not to be outdone, PUC President Loretta Lynch released a report
which looks into every facet of California,s power business.? No stone left
unturned. I,m telling you, there isn,t enough room in this business for all
of us.? They need to clear out.

With people like Herr (Hair?) Peace, Governor I,m-Not Mr.-Rogers Davis and
Let,s Do Lynch, who needs a Friday Burrito?? They re-define our reality each
week with mind-numbing aplomb.? For example, starting in early June, the PX
was ordered to compete for business against other Qualified Trading
Vehicles.? Then, two weeks later, the Energy F_hrer legislated that idea to
an early death which kept the status quo for at least one year.? This week
the PUC approved 5-year bilateral deals for PG&E and SCE, thereby opening the
PX to competition, and emasculating the PX,s Block Forward Market. Zip, bam,
boom.

I can,t wait to see what next week will bring.? I hear Senator Bowen is
holding Committee hearings on re regulating the industry, and the Governor,s
new Energy Security Council will meet to decide six things:

What,s for lunch?
Who will sit at the head of the table?
Does anyone have good seats for next week,s Democratic convention?
Is there anyone we haven,t indicted yet in the power industry?
Who will crank up the air conditioning in this room?? It,s getting too warm.

Then, they will collect data from innocent businesses under subpoena, ignore
the facts, and publish a report.? It makes one want to take a deep breath,
and inhale the scented fumes of democracy.

You know, I can,t think about where to begin, so let,s start somewhere.

Things on the Island of California
?@@@ Is there anyone left at SDG&E with a brain?
?@@@ The PUC issues its scathing report
?@@@ The ISO invokes $250 price caps.? Duh!

Things at the throne of FERC
?@@@ Amen for the Morgan Stanley Order

Odds and Ends (_!_)

Things on the Island of California
?@@@ Is there anyone left at SDG&E with a brain?

Well, the answer very clearly is no.? I have been astounded by repeated
attempts of SDG&E,s most senior people to ape humans, but instead they mimic
apes.

Consider the following.? First, they waltz their default customers into the
summer with little of no protection from price spikes in the wholesale
market.? Forgivable in that it is human to err.? The prices skyrocket in
June, and they start looking for who to blame.? &Must be them damn
independent generators,8 say their managers.? Gary Cotton informs the ISO
Governing Board that hedging SDG&E,s position in the Block Forward Market
wouldn,t have made any difference.? There,s one nobel laureate who missed his
prime.

Next, under pressure, they ask for help from suppliers and anyone else who
will assist the utility and their customers.? Nine offers show up at their
table, and they can,t choose any of them.? Again, Mr Cotton tells his fellow
ISO Governing Board members that these things take time, and we don,t to rush
since there are many legislative barriers, and, well, the surfing was good
this week so why spoil it?

Now they are in a panic because the Energy F_hrer is visiting old ladies
living in trailer parks, advising them not to pay their SDG&E electricity
bill, and to continue to operate their air conditioners.? SDG&E puts a full
page ad in the local newspaper telling everyone that SDG&E is doing
everything it can to lower their electric bills, including asking the ISO for
a $250 price cap, but the public can help by calling the ISO [address and
phone number provided in the ad] and urging them to lower the cap.? I always
thought the location of the ISO was a State secret for security reasons.? No
secrets in San Diego.

But we are not done.? No sir, we are not.? Those buffalo heads who run that
company decide they will win a gold star on their collective foreheads, and
implement one of the four resolutions passed by the Electric Oversight
Board.? The one they pick is to petition FERC on an expedited basis to cap at
$250, the price at which sellers may bid energy or ancillary services into
the ISO and the PX.? The primary reason is that Western power markets are not
workably competitive.? In other words, they want FERC to set a max price on
what generators can sell in addition to the price limit at which the ISO can
buy!

What I find most astounding about this double talk is that SDG&E continues to
collect tons of money from the sales of regulatory must run energy into the
PX.?? These are sales from their stranded assets.? Their grief hasn,t abated
their greed.

So, to recap, SDG&E missed the boat on price hedging, failed to win consumer
confidence in public meetings, asked for help from suppliers and did nothing
in response, then filed at FERC to cap the sale price because the wholesale
market into which they sell (over-priced?) energy is not workably
competitive.? Too much time in the direct sun light.

Things on the Island of California
?@@@ The PUC issues its scathing report

The PUC report released yesterday is a gem with which I have not spent enough
time.? I only read the Executive Summary, and that only because our counsel,
Dan Douglass forwarded me a copy. Let me pick out some of the gems in
President Lets Do Lynch,s burrito.? I would recommend reading the whole text
if you have time, and if you seek perverse entertainment.

&California is experiencing major problems with electricity supply and
pricing caused by policies and procedures adopted over the past ten years.

& Since June, wholesale prices for electrical power in California have
increased on average 270% over the same period in 1999, resulting in over $1
billion in excess?? payments for electricity.

&Hot weather, aging power plant and transmission infrastructure, and
dysfunctional bidding behavior in the wholesale power markets combined to
drive prices up ...

&Because of serious market defects and tight supply of electricity,
purchasers of California power will likely pay billions more in electricity
costs this year. Moreover, these price increases do not necessarily fund new
investments in electricity supply or delivery reliability - they may flow
solely to power producer profit margins.

&Despite the Electricity Oversight Board's legislative mandate to oversee
those institutions, we have been unable to obtain [bid] data. Nevertheless,
... , we believe enough evidence of questionable behavior exists that the
Attorney General should conduct an investigation into these statewide market
practices, coordinating with other State agencies, including the PUC and the
EOB. Such an investigation would provide the factual foundation that
California policy makers and regulators need to recover any illegally
obtained profits.

&A momentous consequence of California's attempt to create a market in
electricity is that the federal government now regulates California's
electric system. Washington D.C. now controls pricing decisions directly at
the wholesale level and indirectly at the retail level and, to the extent
that supply incentives are correlated to prices, Washington, D.C. now affects
California's ability to attract new investment in power plants.

&Past administrations' willingness to cede the State's authority to the
federal government combined with the legislative creation of two non-public
supervisory organizations that have no duty to protect the public or consider
the retail customer. The "Independent System Operator" (ISO) and the "Power
Exchange" (PX), the nonprofit private corporations that operate the State's
transmission system and control wholesale pricing policies, are governed by
boards whose members can have serious conflicts of interest. Some of these
board members or their companies financially benefit from higher prices in
electricity markets. Neither of these private organizations is accountable to
the State or its consumers ....
?

&Despite the federalization and the fragmentation of the State's electric
services, the State of California should protect its businesses and consumers
from cartel pricing; collusive behavior; inadequate power plant maintenance
and lack of market planning for adequate electricity supplies.

&California consumers and businesses deserve to know in advance - as San
Diegans did not this summer - how and when the price of an essential service
like electricity will double. California is now largely constrained by
federal mandates from providing comprehensive retail price relief as long as
wholesale prices remain so high. If California tried to re-impose a price
freeze in San Diego now, federal regulators would likely prevent that
action.? ... Short-term price relief, however, cannot resolve market gaming
or fundamental wholesale pricing problems controlled by federal regulators.

?&We have been precluded from obtaining the data necessary to know if the ISO
and PX failed to detect manipulation and gaming on several fronts. We do not
know how market players acted in price offering and bidding and scheduling.
The FERC has just announced an inquiry into national pricing and energy
market issues. California should not wait for national findings before it
investigates California market practices. We recommend that the California
Attorney General immediately subpoena relevant records and data to determine
the pricing and offering behavior of market participants; the actions of the
ISO and its board members; and the actions of generators in supplying
California's energy needs.

&Ten Actions to Consider or Act Upon to Prevent Current Electricity Problems
From Spreading in 2001: ...
?
? 2. Create a California Energy Council, modeled on the National Security
Council, to unify State action to resolve energy problems and to perform
integrated energy planning;

3. Ask FERC for extended wholesale price cap authority to moderate California
wholesale market pricing;

4. Ask FERC to recognize the defects in the California and western regional
markets and find that no competitive market exists in California power
markets;
?...
? ?8. Eliminate potential conflicts of interest in ISO/PX stakeholder boards;

9. Improve California's ability to obtain ISO and generator data and enhance
the State's enforcement capability for power plant maintenance; price
manipulation and generation gaming, consistent with protection of proprietary
business information;

10. Provide the EOB with effective enforcement ability and additional
oversight authority for the ISO and PX.

&Ten Issues to Consider or Act Upon Within the Next Six Months: ...
? 4. Streamline state power plant siting procedures; consistent with
environmental requirements, and prioritize applications to advance clean,
BACT+ power plant proposals.

5. Institute "use-it -or- lose-it" permitting power plant licensing and
emissions credits rules to ensure power plants get built;

...

?8. Reform PX pricing protocols and structures to lower wholesale and retail
prices and reduce excess profits8

I told you I don,t need to write a Burrito anymore.? The Democrats in
Sacramento are doing that for me.? Welcome comrade.

Things on the Island of California
?@@@ The ISO invokes $250 price caps.? Duh!

It is really hard to describe the drama of an ISO Governing Board meeting,
especially when our favorite topic arises.? It seems the only time the Board
becomes animated is when one of three issues are on the agenda: price caps,
FTRs, and priorities for software enhancements. Otherwise, its pretty much
hum-drum.

+Round and +round we went, once again.? A few more forced votes tipped the
scale in favor of the cap.? There were 15 yes votes, which included a forced
yes vote from our friend Jerry Toenyes by order of Secretary of Energy Mr.
Richardson. [Jerry, did you realize that the last letters of your name could
be re-arranged to spell &NO ET YES8?? Kind of a french thing.] I,m sorry
about that vote, Jerry.? You still go in my book as one of the brave and bold
for standing up to that sort of intimidation for so long.? Your picture in
the SF Chron said it all.

The brave souls who stood tall and voted NO included David Parquet (Enron),
Jan Smutny-Jones (IEP), Barbara Barkovich (CLECA), Caolyn Kehrein (CMA), Dan
Kirshner (EDF), and Stacy Roscoe (Procter & Gamble).? Now, I must admit that
Dynegy,s Greg Blue did help by voting a Texas No, spelled &A-B-S-T-A-I-N8.??
I have instructed Dynegy trader Dave Francis in Houston to work with Greg to
correct that problem.? We,re going to work things out.

The Energy F_hrer addressed the Board, again.? I didn,t mind that I only had
a few brief, very brief moments to address the Board, and Herr (Hair?) Peace
got over 20 minutes.? That didn,t bother me at all.? He did more damage to
himself in 20 than I could do in 2.? He blasted away at everyone who opposed
him.? He pined about Camden quitting the Board.? He said he knew how prices
and markets work, that it isn,t the way those academic egg-head, FERC-loving
economists tell you who pray to the gods of competition.? He lambasted WAPA
for withholding generation to protect fish and wildlife (what was that all
about?).? He predicted that on Thursday,s PUC meeting he and all the other
powerful Democrats, Republicans and angry citizens of San Diego would demand
that the PUC impose a rate cap on retail electric rates in San Diego that are
just and reasonable (it didn,t happen).? And on and on and on.? This man is
very delusional. He believes that Steve, and only Steve Peace can save the
world.? He believes that political will trumps judicial, quasi-judicial, or
independent Board actions.? This man makes relevant all the abstract musings
of the philosopher Friedrich Nietzsche (1844-1900) ... The will to power, the
?bermensch, the transvaluation of values, etc.

But we are getting under (uber?) his skin, with the help of the press.?
Wednesday afternoon I called Commissioner Dick Bilas to see if he thought
whether the next day,s PUC meeting was going to be a roll over. Dick said he
got a call from Peace, and that Peace said he would not come to the meeting.?
Apparently, Peace had received a lot of press, and all of it bad.

That,s the thin line of freedom which keeps tyranny at least one step away
from our front door.

?>>> Things at the throne of FERC
?@@@ Amen for the Morgan Stanley Order

And now, the good news.? You deserve this.? FERC gave the California market a
little wiggle room last Friday.? FERC issued a last minute reply to the
complaint by Morgan Stanley Capital Group relating to the ISO,s intent to
lower the price cap.? FERC denied the complaint, but they didn,t waste time
with an Order to simply deny a complaint.? FERC danced on the head of the ISO
and pulled the bite out of the price cap.

Here are some excerpts:

&We accepted this [Amendment 21], not because it was a cap on sellers, prices
but because it would promote order and transparency in the market by clearly
telling sellers of the maximum price the ISO was willing to pay and allowing
sellers to make informed economic choices on whether to sell in the ISO
market or to sell elsewhere...

& ... The ISO has no more or less ability to procure capacity and energy than
any other buyer of these services ... If the ISO is unable to elicit
sufficient supplies at or below its announced purchase price ceiling (because
generators are free to sell elsewhere if they choose), it will have to raise
its purchase price to the level necessary to meet its needs. ... Therefore,
an increase in out-of-market (OOM) calls for generation may be necessary to
maintain system reliability.? Because the current payment for OOM is not
subject to a maximum purchase price, the resulting overall payments may be
higher.

&To the extent the ... ISO Board resolution contemplates implementing a
directive that generators must bid their capacity into the ISO markets under
any circumstances (e.g., when system load exceeds 38,000 MW), such a
requirement is not permitted by our ... Order and the ISO tariff. ... Future
implementation of the ISO Board resolution with regard to a requirement to
sell would require significant revisions to the ISO market rules.? Such
market changes could not become effective absent a corresponding amendment to
the ISO tariff which would have to be filed under section 205 of the FPA.8

Well. What do you think about that?

Just wait.? Here is what the sleeping bear, Commissioner Hebert said in his
concurring remarks:

&Getting to the bottom of the problem, in my view, requires us to begin a
proceeding to rescind our approval of the ISO as the operator of the
California grid.? The record supports such a move. ... A memorandum to the
ISO from a stakeholder who resigned from the governing board eloquently
brings to our attention repeated attempts to undermine the independence of
the ISO. The memorandum also thoughtfully outlines consequences to the
markets of a return to +command and control.,

&Because these allegations come from a non-market participant, especially
should we take heed.? We must also take notice of the public pressure on the
Board to compromise its independence.8

Amen, brother, amen.

Odds and Ends (_!_)

As you can imagine, this week, like an endless string of weeks before this
has been interminable.? I get about three phone calls a day from press
reporters, very little of which ever sees print.? My shtick is just too
complex for casual readers.? But I do notice that the reporters are asking
better questions.? The public is becoming more savvy.? The information flow
is moving in our favor, and will disarm the forces of evil, in about 10
years.

I have other problems on my mind.? I am working on a new computer system.?
Really, it,s just an upgrade of an older computer that is a bit faster than
the laptop I tried to upgrade, very unsuccessfully.? As a result of the all
the new hardware and software I purchased, my office looks like a war zone
with an odd mix of PUC service copies, computer documentation, and diskettes
laying all around. Quite a mess.

Prepare for the future.? Our next general meeting is scheduled for Thursday
and Friday, October 5 and 6 at Moro Bay.? Barb Ennis will prepare a blurb for
us in next week,s Burrito about room reservations, timing, golf, etc.? Our
guest speakers will include MSC Chairman Professor Frank Wolak who will talk
on the subject of his choice, Ms. Irene Moosen of Grueneich Resource
Advocates who will make a presentation on the distributed generation case
before the PUC, and William Freddo of PG&E National Energy Group who will
give us some education on operating a power plant inside the New England ISO.

Now for your daily bread, provided this week by Dan Douglass.? Last week we
had a joke about Catholics.? This week it,s agnostics.
=====================
An atheist was taking a walk thru the woods, admiring all that the accident?
of evolution had created.? "What majestic trees!? What powerful rivers! What?
beautiful animals!"? he said to himself.

As he was walking alongside the river he heard a rustling in the bushes?
behind him.? As he turned to look, he saw a 7 foot grizzly bear charging?
towards him. He ran as fast as he could up the path.? He looked over his?
shoulder and saw that the bear was closing in on him.? He tried to run even?
faster, so scared that tears were coming to his eyes. His heart was pumping?
frantically as he tried to run even faster, but he tripped and fell on the?
ground.? He rolled over to pick himself up and saw the bear right on top of?
him raising its paw to kill him.

At that instant he cried out "Oh my God!" And time stopped. The bear froze.?
The forest was silent.? The river even stopped flowing.? A bright light
shone? upon the man, and a voice out of the sky said, "You deny my existence
all? these years, teach others I don't exist and even credit my creation to
a? cosmic accident, and now do you expect me to help you out of this?
predicament?? Am I to count you as a believer?"

The atheist, ever so proud, looked into the light and said, "It would be
rather hypocritical to ask to be counted as a believer after all these
years,? but could you make the bear a believer?"

"Very well" said the voice. And the light went out, the river flowed, the?
sounds of the forest continued, and the bear brought both paws together,?
bowed his head, and said, "Lord, I thank you for this food which I am about?
to receive."
==================

Amen.? And have a great weekend.? Oh, and thanks to all of you who sent me
happy birthday wishes.? It was very much appreciated.

KSB
gba


Attached are (1) the RMT Confirms and (2) the Incumbency Certificates
required to be executed under the ISDA.


Yes, you can flow 100%.   I confirmed that this was a part ot the rate case
settlement.

Chris.Germany@enron.com on 01/05/2001 09:50:36 AM

To:   Ora L. Ash/Clarksburg/CT/CNG@CNGNOTES
cc:

Subject:  Re: Contract 571492

In the old days, you could only flow 7/12 of the MDQ from secondary points.
That was when these contracts were good for the whole year.  So you are
telling me the "rules have changed"?  I can now flow 100% from secondary
points?

Ora_L._Ash@dom.com on 01/05/2001 08:38:35 AM

To:   Chris.Germany@enron.com
cc:
Subject:  Re: Contract 571492

You can use the full contract MDQ to move from and to secondary points.  Of
course,  this would be subject to any secondary restrictions.

Chris.Germany@enron.com on 01/04/2001 04:48:44 PM

To:   Ora L. Ash/Clarksburg/CT/CNG@CNGNOTES
cc:

Subject:  Contract 571492

We have a FTGSS contract with a MDQ of 40,148 dts.  The primary receipt
point on this contract is storage.  BUT, we can flow some of this gas from
secondary points like Oakford or the Pools.  How much gas can be sourced
from Secondary receipt points?


What is your anticipated start date in Houston?  We need to work on a place
for you to sit.


?
 - 05_11_01ON.xls


On October 29, 2001, the NEPOOL Participants Committee submitted a filing
requesting the approval of proposed changes to Section 5.3.2(d) of Market Rule
& Procedure 5 that amend the formula used to calculate whether a Generator is
operating at its Desired Dispatch Point.

Please contact me if you need further information on this filing.

Susan Lindberg
713.853.0596


OOPS!!

Benjamin Rogers
11/09/2000 10:37 AM
To: Jason R Wiesepape/HOU/ECT@ECT
cc:
Subject:

Hey - Any luck with the Mid-Columbia last summer prices.  Thanks
Ben


Hi,

I would include:

Phil Clifford  Crude Oil trader
Matt Brown  Book Admin, Crude Oil
Adam Gross  Propane trader
Sony Wilson  Book Admin
John Arnold  Natural Gas futures trader
Mike Maggi  Natural Gas options trader
Sheila Glover  Interest rate group
Theresa Brogan Interest rate group
Gary Hickerson  Managing Director, interest rate group
Patrick Stafford  Heating Oil Book Admin
Michelle Nelson Unleaded Gas Book Admin

David

From: Sara Shackleton on 06/12/2000 12:59 PM
To: David P Dupre/HOU/ECT@ECT
cc:
Subject: Re: accounts

Can you supply with an addressee list for potential closure of ANY futures
accounts?  There are currently about seven inactive accounts for all types of
commodities.  Thanks.  Sara

	David P Dupre
	06/12/2000 12:55 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: accounts

Yes, please keep me in mind during the audit process.
We need to ensure that all traders and book admins that support them are
informed before any account closures,

Thanks
David

From: Sara Shackleton on 06/12/2000 08:01 AM
To: David P Dupre/HOU/ECT@ECT
cc:
Subject: Re: Cargill

We are in the process of auditing/monitoring all accounts.  It is possible
that after due notice, we will commence with the closure of unutilized
account.s.  Please call if you have any questions.  Sara

	David P Dupre
	06/11/2000 01:45 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Cargill

Hi Sara,

I met with accounting regarding these amounts. I will be forwarding a copy to
you.

We have a total of .77 cents remaining in our account with Cargill.

Since we have several acounts in addition to Crude Oil, it is my
recommendation that
we do not cancel the account as traders may want to utilize Cargill for other
commodities.

Regards,
David

From: Sara Shackleton on 05/25/2000 08:12 AM
To: David P Dupre/HOU/ECT@ECT
cc:
Subject: Re: update

What were the dollar amounts on the printout that you sent to me?

	David P Dupre
	05/24/2000 06:06 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: update

Cargill said that we do not have a line of credit nor do we have money
sitting in an account with them.
The account is inactive at this time.

Let's review our next step when you have an opportunity.
Thanks
David


My dear compadres,

We are a month away from our trip to the beautiful Lake Tahoe.  Here is the
link to the house we have reserved.
As a repeat offender, we get a price break and it is going to be $198.00
for the house from March 8th to the 13th for ten people.

http://www.tahoevacationguide.com/LTRB/Homes/2240E.html

So, I currently have

Michael W.
Mark M.
Virginia H. and Friend.
Patricia
David?
Gerald?

Let me know!!!

Have a great weekend

Thanks,
Patricia Cuero
Bus Ops, Program Manager
(512) 723-6977
(800)  289-3355 ext. 36977
(512) 728-3653 fax

"The only limits on what you can accomplish are the limits you place on your
own imagination."


FYI

Vince


Vince,

Please find attached a small note I had prepared at Wade's request.  The note
is to be used for a private meeting of the ex-Chairman of MSEB with the
governor of Maharashtra.  In the Indian system, the Governor represents the
Federal government in the state.  Hence any information he gathers is for the
Central Govt.

This informal note is to be passed to him.  The focus as you will see is to
see if we can engage the Central govt. through this route.

Krishna is here and sends his regards.

Regards,
Sandeep.
---------------------- Forwarded by Sandeep Kohli/ENRON_DEVELOPMENT on
01/16/2001 08:55 AM ---------------------------

Sandeep Kohli
01/16/2001 08:51 AM
To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: To Basak

Wade,

Please find the note attached for Mr. Basak.  The tariff data is all from the
information sheet put out by Mohan, so you should have no conflicts.

I have tried to give it the appropriate spin.

Let me know if there is something you would like to do differently on this.

Regards,
Sandeep.


Anytime before the Ful Requirements meeting today, or after the EGM morning
meeting on Monday.  There is an all-employee EGM meeting from 3:30 pm.

Vasant

 -----Original Message-----
From:  Kaminski, Vince
Sent: Thursday, May 03, 2001 8:08 AM
To: Shanbhogue, Vasant; Crenshaw, Shirley
Subject: Re: message from Ken Rice

Vasant,

When can we call this guy?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/03/2001
08:07 AM ---------------------------
From: Dorothy Dalton@ENRON COMMUNICATIONS on 05/03/2001 07:45 AM
To: Vince J Kaminski/HOU/ECT@ECT@ENRON
cc:
Subject: Re: message from Ken Rice   << OLE Object: StdOleLink >>

Vince:

Thanks for returning this call.  I guess it helps if I provide the contact
information!

Tom Limperis
517-423-5617

Thanks!

Dorothy Dalton
Office of the Chairman
Enron Broadband Services
1400 Smith Street, EB4505
Houston, TX  77002
713-853-6724 - direct
713-853-9469 - fax

	Vince J Kaminski@ECT 05/02/01 09:42 AM 	  To: Dorothy Dalton/Enron
Communications@ENRON COMMUNICATIONS@ENRON  cc: Vince J Kaminski/HOU/ECT@ECT,
Vasant Shanbhogue/Enron@EnronXGate  Subject: Re: message from Ken Rice << OLE
Object: StdOleLink >>

Dorothy,

No problem. Please, CC-mail  me
Tom's number. One of the members of the group has a PhD in
computer science and he will join me for the call.

Vince

From: Dorothy Dalton@ENRON COMMUNICATIONS on 05/01/2001 08:53 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: message from Ken Rice

Vince:

Ken Rice received a call through a friend's referral from Dr. Tom Limperis (a
professor at the University of Michigan).  Dr. Limperis has developed a
statistical database management system he would like to show Enron.  Ken
would like you to return this call on his behalf.  He feels that you are
probably the only person who will understand and be able to determine if
Enron should have an interest.

Do you mind returning this call?  Please let me know.

Thanks!

Dorothy Dalton
Office of the Chairman
Enron Broadband Services
1400 Smith Street, EB4505
Houston, TX  77002
713-853-6724 - direct
713-853-9469 - fax


As I reviewed the original request, I realised that I did not correctly
reference the original $15MM guaranty.  The request was for Exxon Mobil
Corporation.  Please proceed without further delay from Credit.  I apologise
for any inconvenience this may have caused.

thanks
brant

---------------------- Forwarded by Brant Reves/HOU/ECT on 02/12/2001 10:08
AM ---------------------------

Brant Reves
02/12/2001 09:20 AM
To: Gerald Nemec/HOU/ECT@ECT
cc: Trevor Mihalik/NA/Enron@Enron
Subject: Re: BGML gty amendment

Any update on status of this request?

Brant Reves
02/07/2001 02:37 PM
To: Gerald Nemec/HOU/ECT@ECT
cc: Trevor Mihalik/NA/Enron@Enron
Subject: BGML gty amendment

Hey Gerald,

Please prepare an amendment to increase the existing $15MM guaranty provided
by Bridgeline Holdings to $25MM.  Enron and Texaco board members will have to
sign the amendment.  Please prepare it and forward for the appropriate Enron
signatures and then have it forwarded it to me, so that I might forward it
along to Trevor Mihalik who can in turn forward it along to Texaco for final
signature.

thanks
brant


any interest?

 -----Original Message-----
From: 	Fitzpatrick, Amy
Sent:	Monday, September 10, 2001 9:48 AM
To:	Calger, Christopher F.; Belden, Tim
Subject:	FW: Building Business Acumen

Do you think that the below course would be beneficial for anyone on your teams?  This is a pilot.....

 -----Original Message-----
From: 	O'rourke, Tim
Sent:	Thursday, September 06, 2001 1:39 PM
To:	Clyatt, Julie; Barnard, Marla; Buck, Gary; Cash, Michelle; Corteselli, Gina; Davies, Neil; Doucet, Dawn; Fitzpatrick, Amy; Funkhouser, Shanna; Indivero, Michael; Knudsen, Sheila A.; Mayes, Fran; Melodick, Kim; Parker, Gilda; Seleznov, Ryan; Skinner, Cindy; Slone, Jeanie; Trieschman, Paul; Walton, Sheila
Cc:	Prihoda, Melissa
Subject:	RE: Building Business Acumen

Or especially if any persons in your client groups would be interested in this......

 -----Original Message-----
From: 	Clyatt, Julie
Sent:	Thursday, September 06, 2001 2:45 PM
To:	Barnard, Marla; Buck, Gary; Cash, Michelle; Corteselli, Gina; Davies, Neil; Doucet, Dawn; Fitzpatrick, Amy; Funkhouser, Shanna; Indivero, Michael; Knudsen, Sheila A.; Mayes, Fran; Melodick, Kim; O'rourke, Tim; Parker, Gilda; Seleznov, Ryan; Skinner, Cindy; Slone, Jeanie; Trieschman, Paul; Walton, Sheila
Cc:	Prihoda, Melissa
Subject:	Building Business Acumen
Importance:	High

	Here's the information Tim mentioned in yesterday's meeting.  Follow directions listed below if you are interested in participating in the Pilot.

Want to develop your professional skills & knowledge?
Want to enhance your ability to add value to Enron?
Want to be among the first 100 people to move Enron towards Digital Learning?
Want a chance to win two roundtrip airline tickets?

We are piloting Building Business Acumen (BBA), eLearning performance simulations.  You will experience case analysis, ever changing scenarios, and problem solving with personalized feedback, based on your choices and actions.  The BBA will provide you with learning material in:
Creating Competitive Advantage
Evaluating Market Opportunities
Maximizing Operational Performance
(to read more, open attached file)

Modules
Modules are designed to help managers and other decision-makers to build essential business skills and  enhance the strategic perspective of any member of the enterprise. Learners are challenged to achieve specific real-world business objectives and master the fundamentals of general business skills.

Business Leaders
Professors from Babson College, a leader in Executive Development & Entrepreneurship, provided materials and content for the courses.  Babson College is ranked #1 in entrepreneurship by Business Week, Financial Times, Success magazine and U.S. News & World Report.

Course Delivery
You can take the course in segments of time that are conducive to your daily schedule - if you want to work on it for 5 minutes or 5 hours, it will bookmark the place when you last left.  Each module is approximately 8 hours in length and can be accessed from any computer with Internet access.

Your Involvement
If you chose to participate in this pilot, you are agreeing to complete one of the aforementioned modules and provide feedback based on your experience.  The pilot will begin in mid-September and will conclude in mid-October.

How do I WIN?
In order to be qualified for the Airplane tickets, you must complete one module and provide feedback.  The completed evaluation will enter you in the drawing.  If you complete more than one module you will be entered multiple times.  You'll have a great chance to win the tickets because less than 100 people will participate in this pilot.

Sign me up!
If you would like to participate in this pilot, click on hyperlink to email Melissa Prihoda.
mailto:melissa.prihoda@enron.com
in the message indicate:
the module you are interested in piloting,
if you're an Associate or Analyst,
the Business Unit you currently support (EWS, EES, EBS),
number of years out of school
and your phone number.

--------------------------------------------------------------------------------------------------------------------------
Open file to read more about the modules
 << File: Titles.pdf >>


Anytime!

	Karen A Cordova@EES
	04/09/2001 09:25 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: swaps

Thank you Tana.

KC

From: Tana Jones@ECT on 04/09/2001 08:55 AM
To: Karen A Cordova/HOU/EES@EES
cc:
Subject: Re: swaps

1.  If we have a US counterparty we insert the appropriate choice.

2.  Revisions to the CFTC Rules have done away with the  "Eligible Swap
Participant"  rules for energy commodities (they would still apply to
agricultural products).  The rules are still pretty similar however, and the
current lingo is now "Eligible Contract Participants".  See our revised form,
attached.

	Karen A Cordova@EES
	04/04/2001 04:33 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Marianne Castano/HOU/EES@EES
		 Subject: swaps

Hi Tana --

I have a couple of questions concerning swaps that I hope you can answer.

1. With respect to Part 2.  Tax Representations. to the Schedule, is it
standard to insert into the Schedule the information from Form #3 when
dealing with a U.S. Counterparty?

2. Part 5.  Other Provisions.  Is the following point the most current and
also a standard provision in the Schedule when dealing with a U.S.
Counterparty?
(h) Eligible Swap Participant.  It constitutes an &eligible swap participant8
as such term is defined in Rule 35.1(b)(2) of the Commodity Futures Trading
Commission, 17 C.F.R. o 35.1(b)(2) (1993).

Thanks alot for your continued support of EES Legal.  Thanks Karen


Would it be o.k. to change this?


I'm throwing away anything on my desk with Gatherco.  I'm assuming you and
Ms. Jordan are taking care of everthing on that.  Also, if you ever need to
send transport contracts to Houston, its best to send it to Sylvia Campos.
She is the transport contract Queen and she absolutly loves paper.  So send
her allllll of your paper.


Sara,
It was nice talking to you and thank you for your  order.
The cost will be 287.95-10%=259.16+35.50 shipping  cmes to a grand total of
294.66. I will follow shortly with a list of dazzling  pinots. Let me know if
there is a favorite out there that your trying to  find.
Thank you Michael Rapp (707) 433-  3200??


---------------------- Forwarded by Chris Germany/HOU/ECT on 11/02/2000 10:54
AM ---------------------------

Chris Germany
11/02/2000 10:54 AM
To: Scott Hendrickson/HOU/ECT@ECT, Kimberly S Olinger/HOU/ECT@ECT, Kimberly S
Olinger/HOU/ECT@ECT
cc:
Subject: Voter stuff

http://www.tax.co.harris.tx.us/


-----Original Message-----
From: Taylor, Mark E (Legal)
Sent: Wednesday, October 31, 2001 10:56 AM
To: Bradford, William S.
Subject: 3-WAY CONFIRM TEMPLATE.doc

Each of the parties to this Agreement recognizes and acknowledges that the parties are acting and agreeing to perform their obligations hereunder in reliance upon (i) the timely execution and delivery by [legal name of other counterparty] ("Third Party") and Party A of a transaction in substantially the form attached hereto as Exhibit A ("Third Party Transaction A") and would not otherwise agree to execute, deliver and perform under this Agreement if Third Party and Party A were not contemporaneously executing and delivering Third Party Transaction A and (ii) the timely execution and delivery by Third Party and Party B of a transaction in substantially the form attached hereto as Exhibit B ("Third party Transaction B") and would not otherwise agree to execute, deliver and perform under this Agreement if Third Party and Party B were not contemporaneously executing and delivering Third party Transaction B.  The effectiveness of this Agreement shall be subject to the condition that contemporaneously with the execution and delivery of this Agreement Party A and Third Party execute and deliver Third Party Transaction A and Party B and Third Party execute and deliver Third Party Transaction B.


what do you mean i am perverted?

 -----Original Message-----
From: 	Erin Richardson <erichardson@sarofim.com>@ENRON
Sent:	Friday, November 02, 2001 10:31 AM
To:	Lenhart, Matthew
Subject:	RE:

whatever, you're the perverted old man.

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Friday, November 02, 2001 10:30 AM
To: erichardson@sarofim.com
Subject: RE:

you love it when i come over.  i satisfy your appetitie for lovin.

    -----Original Message-----
   From:   Erin Richardson <erichardson@sarofim.com>@ENRON
   Sent:   Friday, November 02, 2001 10:26 AM
   To:     Lenhart, Matthew
   Subject:  RE:

   very funny.  whatever, you had plenty of covers.   if you're so
   miserable
   maybe you just shouldn't come by anymore.

   -----Original Message-----
   From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
   Sent: Friday, November 02, 2001 10:13 AM
   To: erichardson@sarofim.com
   Subject: RE:

   that isn't snoring, that is the sound of my teeth chattering b/c i have
   no
   covers.

       -----Original Message-----
      From:   Erin Richardson <erichardson@sarofim.com>@ENRON
      Sent:   Friday, November 02, 2001 10:07 AM
      To:     Lenhart, Matthew
      Subject:  RE:

      how would you know, you always fall asleep in like 2 seconds.  you
   are
      the
      one who snores.  very annoying.

      -----Original Message-----
      From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
      Sent: Friday, November 02, 2001 9:57 AM
      To: erichardson@sarofim.com
      Subject: RE:

      i am tired.  you snore.

          -----Original Message-----
         From:   Erin Richardson <erichardson@sarofim.com>@ENRON
         Sent:   Tuesday, October 30, 2001 4:02 PM
         To:     Lenhart, Matthew
         Subject:  RE:

         it's not going to zero.  you need to think more positively.

         -----Original Message-----
         From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
         Sent: Tuesday, October 30, 2001 3:25 PM
         To: erichardson@sarofim.com
         Subject: RE:

         it is going to zero

             -----Original Message-----
            From:   Erin Richardson <erichardson@sarofim.com>@ENRON
            Sent:   Tuesday, October 30, 2001 1:41 PM
            To:     Lenhart, Matthew
            Subject:  RE:

            nice.  i just talked to fayez and he said it will be up next
   week.

            -----Original Message-----
            From: Matthew.Lenhart@enron.com
   [mailto:Matthew.Lenhart@enron.com]
            Sent: Tuesday, October 30, 2001 1:33 PM
            To: erichardson@sarofim.com
            Subject: RE:

            13 days straight.  it is trading just over $11.

                -----Original Message-----
               From:   Erin Richardson <erichardson@sarofim.com>@ENRON
               Sent:   Tuesday, October 30, 2001 1:23 PM
               To:     Lenhart, Matthew
               Subject:  RE:

                all the stocks are down, not just enron.

               -----Original Message-----
               From: Lenhart, Matthew [mailto:Matthew.Lenhart@ENRON.com]
               Sent: Tuesday, October 30, 2001 1:00 PM
               To: erichardson@sarofim.com
               Subject:

               the enron stock is down again.  13 days in a row.

   **********************************************************************
               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.

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


I thought you might enjoy this.

You should have seen Michael's eyes while he was riding in that Mercedes
convertible yesterday.  He was speechless, and you know how rare that is!  I
suspect we will be hearing about it now...

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/14/2001 09:34
AM ---------------------------

"Ron & Sharon Seals" <rseals@pdq.net> on 02/13/2001 10:41:21 PM
Please respond to "Ron & Sharon Seals" <rseals@pdq.net>
To: <Kay.Mann@enron.com>
cc:

Subject: Michael

Kay,

I am so glad to hear that Michael is doing great at school.  Neil has told
me he loves Marilou's reports that he is attending so well without meds.

He really is a precious boy!  Yesterday you would have thought that "having
poop on one's shoe" was the greatest thing on earth.  He absolutely
delighted in telling ALL of us WHY he was wearing only one shoe!  He was
giggling the whole time!  At the conclusion of the session when he walked
out to Neil, I heard him ask, "Well, how's my shoe doing?"  How do you two
keep from laughing the whole time with him?  Just writing this is making me
laugh!

Have a great time together at the rodeo.   He'll love spending the time with
you!

Sharon


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				January 7, 2002
Hot Offers Find an apartment fast  Win $2,000 holiday cash (last day to register is 1/9/02)  Find your dream home today  [IMAGE] Find It Fast Articles and Tools Cooking and entertaining , Decorating , Gardening , Home valuation , Homes for sale , Loans , Moving , New home plans , Remodeling and repair , Selling    Services Apartments , Contractor , Credit center , Furniture rental , Classmate search , Insurance , Real estate agent , Storage    Shopping Electronics , Home communications , Home office , More shopping    Time to refinance? Click here!   	[IMAGE]	Redecorating for the New Year  [IMAGE]  Start the new year by simplifying and refreshing your home. Visit HomeAdvisor's decorating section  for great ideas on new colors and trends and easy steps for clearing out last year's clutter.  Out with the old and in with the new  Organize your home, from closets to kid's rooms Start from the ground up  Give your old floors a new look Banish white walls  Don't be intimidated by decorative wall treatments Get ambitious with texture  Techniques for stripes, stencils, and more Find your decorating muse  Check out new trends in furniture and design What will all this cost?  Estimate the costs for remodeling projects  Also on HomeAdvisor and MSN Home theater know-how for movie buffs  Is now the time to refinance? Find out  Shop to your heart's content from home 	[IMAGE]	Partner Highlights Home Assets Find moving services  Browse 9,600 house plans  3 financial planning calculators  Looking to buy? Home loan options  HomeAdvisor: Everything about the home  [IMAGE] Free Apartment Search   [IMAGE] Life's hazardous. Are you prepared?

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FYI
---------------------- Forwarded by Kate Symes/PDX/ECT on 02/20/2001 04:02 PM
---------------------------

Mary Jane Symes <marys@tvapdx.com> on 02/20/2001 09:39:17 AM
Please respond to "marys@tvapdx.com" <marys@tvapdx.com>
To: "'kate.symes@enron.com'" <kate.symes@enron.com>
cc:

Subject:

Hi Kate,
 Here is the name of the organization I thought Molly might be interested in.
Oregon Natural Step
  (a project of the Northwest Earth Institute)
  506 SW 6th Avenue, Suite 1100
  Portland  OR  97204
  503.241.1140
  fx.503.241.7429
I have more information about them if she's interested.
How was your party?
MOM


Don't know him.

I am one of the few, the proud, who is graduating next semester.

Let's try to get together sometime.  I'll pass along your regards to my better half.

Aaron

>From: "Dasovich, Jeff"
>To:
>Subject: Greetings: You know this fellow?
>Date: Tue, 23 Oct 2001 10:32:00 -0500
>
>Greetings: Hope all's going well in your new venture (or semi-new
>venture at this point). You finishing this semester? Anyway, I was
>reading this press account and was wondering if you new this fellow when
>you were at Lehman. If so, any insights? Sort of an interesting career
>path. Say hi to your better half.
>Best,
>Jeff
>************************************************************************
>**************
>California Power Authority Taps SFPUC's Berry as New CFO
>SAN FRANCISCO -- Bill Berry will soon leave his job with San Francisco's
>public utility commission to head up finances for California 's newly
>formed power authority, which is authorized to issue $5 billion in
>revenue bonds.
>The board of the California Consumer Power and Conservation Financing
>Authority on Friday selected Berry as its first chief financial officer.
>He will start in his new position in early November.
>The authority was established earlier this year as a result of the
>state's energy crisis, and is charged with promoting energy conservation
>efforts and increasing California 's capacity to generate electricity .
>Berry is currently the assistant general manager of finance and
>administration at the utility commission, which provides water and sewer
>services to the city and some neighboring counties, as well as
>hydroelectric power for San Francisco government operations.
>Berry has been at the SFPUC since 1999, overseeing finance, personnel
>and training, information technology, and customer service. He also
>helped develop the commission's long-range strategic plan and 10-year
>capital improvement program, which may eventually entail requests for
>voters to approve more than $4 billion in bonds.
>Berry worked for a start-up Internet company in Palo Alto from 1996 to
>1998 before joining the commission.
>From 1985 to 1996, Berry was an investment banker at Lehman Brothers in
>San Francisco, specializing in financing municipal and state-owned
>power, water, and wastewater systems, according to a release from the
>power authority.
>He also managed debt financing, financial planning, investment
>portfolios, and investor relations while a vice president of corporate
>finance for the New York Power Authority from 1979 until 1985. He helped
>develop the authority's first conservation program.
>In his new postion as CFO, Berry will earn $185,000 annually.
>Calls to Berry and the SFPUC seeking comment were not returned by press
>time.
>
>
>
>**********************************************************************
>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.
>**********************************************************************

  _____

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Tana,

I may have a need for legal review of a draft MOU and agreement with Oracle
in the near future.  Dovie tells me you are our primary contact.

What is the best process for scheduling time for legal support on an MOU?

- Steve

----- Forwarded by Stephen Abbanat/Enron Communications on 11/07/00 03:12 PM
-----

	Dovie Keprta
	11/07/00 12:20 PM

		 To: Stephen Abbanat/Enron Communications@Enron Communications
		 cc:
		 Subject: Enron T&C information

Steve-

Tana Jones is the legal specialist for our group.  She has handled all of the
NDAs and I'm sure she's got info for your MOU purposes.

Her extension:  713-853-3399

-dovie


Hello everyone,

This is what I plan to hand in today.

 - Case 27_1 Daimler Benz.doc

Kimberly Kupiecki
Director
A&R Partners
kkupiecki@arpartners.com
(650) 762 2800 main
(650) 762 2825 direct
fax (650) 762 2801


Fernley,

Per my voicemail, are you available to meet w/Greg Whalley on Thursday, June
5 for about an hour?

Many Thanks,

Liz Taylor


You can ignore my previous e-mail.


I have been asked to proceed with plans for the installation of DRA on the SJ lateral for around mid-April.  I am trying to schedule a conference call next week to discuss this.

I am traveling on Tuesday and Friday and so am trying to schedule the call Wednesday or Thursday afternoon.  Please let me know by end of the day Monday if any of the times below would not work for you.

	10:00 a.m. 	Wednesday
	  2:00 p.m.	Wednesday
	  2:00 p.m.	Thursday

I will send you a note to confirm the time.  Sorry for the short notice.

Thanks

John


Alan --

Here are my comments with redline.  Some formatting and some changes.

Thanks.

Jim

	Alan Comnes@ECT
	11/21/2000 09:09 PM

		 To: James D Steffes/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, rcarroll@bracepatt.com, kcurry@bracepatt.com, Tim
Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT,
Dennis Benevides/HOU/EES@EES, Jubran Whalan/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Susan J Mara/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Alan
Comnes/PDX/ECT@ECT, Sarah Novosel/Corp/Enron@Enron, Christopher F
Calger/PDX/ECT@ECT, David Parquet/SF/ECT@ECT, cfergus@brobeck.com,
lanai.wolfe@enron.com, lanaiwolfe@enron.com, Mary Hain/HOU/ECT@ECT
		 cc: Marcia A Linton/NA/Enron@Enron, Ginger Dernehl/NA/Enron@Enron, Maureen
McVicker/NA/Enron@Enron, Debra Davidson/PDX/ECT@ECT, Joseph
Alamo/NA/Enron@Enron, Bernadette Hawkins/Corp/Enron@ENRON
		 Subject: Comnes Affidavit Revised

Here's the latest.   If you make comments, please make them on this version.

Fax comments to BOTH 530-327-9235 (yes, "530")  and 503-464-3740 or email the
comments to AComnes@enron.com with redline/strikout turned on.

Kim Curry, please take a formatting pass if you can first thing Wed and email
back to me when done.

Alan Comnes