NOTE:     Location of this meeting has been changed to the NYISO Offices at
290 Washington Ave. Extension in Albany.  Directions are attached:

(See attached file: Directions to NYISO at Wash Ave Ext.doc)

The Reliability Compliance Monitoring Subcommittee ("RCMS") of the New York
State Reliability Council ("NYSRC") is posting this message to inform all
interested parties of the ability to attend in person or participate, on a
"listen-only" basis, in the NYSRC RCMS's Meeting No. 23 scheduled for
Thursday,
November 1, 2001, starting at 10:00 A.M. at the New York Independent System
Operator
("NYISO") Power Control Center at 290 Washington Ave. Extension in Albany,
NY.
Attached in Word format is the Agenda for this meeting.  The NYSRC has
opened its
Committee, Subcommittee, and Working Group meetings in accordance with
NYSRC
Policy No. 2, available by clicking on the following:
"http://www.nysrc.org/tcweb/pdf/Policy%202-3%20Final.pdf".

Those who plan on attending the meeting in person are requested to contact
Mr. George Loehr at least three (3) days in advance of the meeting (by at
least October 29th) by sending an email to "gloehr@eLucem.com", with the
names
of the individuals & organizations attending.  Meeting space will be
available on a first-come, first-served basis due to the space limitations
of the conference rooms.

Those wishing to participate on a "listen-only" basis can call (954)
797-1657, and enter Participant Code 493440, starting at 10:00 A.M.
Participants will be required to place their telephones on mute so as not
to prevent other parties from participating.  Those who plan on listening
to the meeting shall send an email to Mr. Loehr's attention at
"gloehr@eLucem.com" with the names of the individuals & organizations
participating.

Attendees who are not NYSRC RCMS Members or Alternate Members will be given
an opportunity to comment at the end of each meeting, or earlier at the
Chairman's invitation.

Joseph C. Fleury
Secretary, NYSRC Executive Committee

Agenda:   (See attached file: RCMS Mtg#23 Agenda.doc)
 - Directions to NYISO at Wash Ave Ext.doc
 - RCMS Mtg#23 Agenda.doc


Please add these names on the distribution of the EES Summary Sheet each
morning.
---------------------- Forwarded by Bill Williams III/PDX/ECT on 03/01/2001
06:28 AM ---------------------------
To: Bert Meyers/PDX/ECT@ECT
cc: Bill Williams III/PDX/ECT@ECT

Subject: Re: EES Revenues for 02/28/01

Bert,

Please add Jubran Whalan and Daniel Kang to your distribution.

NFB


I combined the tickets for the Southern Union plants at Port Arthur and
Galveston for April forward to accurately reflect the contract.  The new
Sitara number is 224490, and the old numbers are: 17832 and109216. This
change will allow for a more accurate estimate in our P&L as well as more
accurate invoicing. I believe that this change will reduce our monthly
variances due to these deals.   If you have any questions or concerns please
feel free to give me a call

Bryan

3-9195


Thanks, Lamar.  Geoff, could you let us know how it goes with the customer and if this a mix-up on the customer's end.  Thanks very much.

Best,
Jeff

 -----Original Message-----
From: 	Frazier, Lamar
Sent:	Monday, November 26, 2001 9:32 AM
To:	Steffes, James D.; Pollard, Geoff
Cc:	Dasovich, Jeff; Mara, Susan; Smith, Mike B; Huddleson, Diann; Hughes, Evan; Fite, Rebecca; Riley, Tom
Subject:	Re: Pac Tel - CPUC Customer Switch Complaint

Geoff Pollard is the SM for Pac Tel.

From:	James D Steffes/ENRON@enronXgate on 11/21/2001 04:01 PM
To:	Lamar Frazier/HOU/EES@EES
cc:	Jeff Dasovich/ENRON@enronXgate, Susan J Mara/ENRON@enronXgate, Mike B Smith/ENRON@enronXgate, Diann Huddleson/HOU/EES@EES, Evan Hughes/ENRON@enronxgate, Rebecca Fite/ENRON@enronxgate
Subject:	Pac Tel - CPUC Customer Switch Complaint

I received a call late today from the CPUC (Joyce @ 415-703-2199).  Someone from Pac Tel called and said that his service was switched without authorization - Mike Benson with Payphone group @707-253-8892 or 707-292-1766.

Lamar -- who is the client rep for Pac Tel?  Can they get into Pac Tel and try and find out if we have done something inappropriate?  We need to call this guy back by Monday EOB.  Please let Jeff Dasovich know so he can call Joyce back - I'll be out on vacation next week.

Jim


Good morning David!
 Just hoping that you could have the confirm sent this morning.  I need to
review with the commercial guys.  Thanks.  Sara


Some activity at the Dabhol site.

Mike Hicks

----- Forwarded by Michael Hicks/EPSC/HOU/ECT on 05/14/2001 06:24 AM -----

	Chandrakant Brid@ENRON_DEVELOPMENT
	05/12/2001 11:15 AM

		 To: Neil McGregor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sanjeev
Khandekar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael
Hicks/EPSC/HOU/ECT@ECT, Kenneth Lambert/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Sudhakar Ghatage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Deepak
Dogra/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jimmy
Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Grant
Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pratap
Brid/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: sxSingh2@bechtel.com
		 Subject: Incident reporting- PLL Labours

At about 1415 hrs  it was reported that PLL workers have stopped work in Cove
area and have  assembled in large number. Security was moved in immediately.
It was observed that  about 700 plus workers were assembled  and PLL staff
was making efforts to talk to them. The workers however were not in receptive
mood and had started walking towards the LNG Office.  The crowd was though
peaceful  was in agitated  mind. The situation was explained to  Mr  Kenneth
Lambert and Mr Sanjeev Khandekar and  the SRP and State Police was mobilised
to stop the labour force from advancing towards LNG Office Complex. Mr
Sanjeev Khandekar and PLL  Project Manager Mr Pankaj Jain addressed the crowd
and listened to their grievances.
Labours stated that
(a) When they asked details of the final settlement amount paid to them,
they alleged that  the staff was  rude.
(b) The Provident Fund Slips did not bear any stamp/signature and did not
appear to be authentic.

Mr Pankaj Jain explained that they would receive a Hindi translated copy in
future and Provident Fund statements would bear a office seal and signature
too. The labour force was later pacified and asked to return to work.

The security has been alerted to monitor the situation in labour camps and
job sites.

Col  Brid


Texans News
May 4, 2001

CONGAREE READY FOR DERBY
Texans Owner Bob McNair's Congaree is listed as a 5-1 shot to win tomorrow's
127th running of the Kentucky Derby. Can Congaree capture the first jewel of
the Triple Crown? We're live in Louisville to find out:
http://www.houstontexans.com/home/general.cfm?cont_id=59156&NSLN=050401

FIRST IMPRESSIONS
The Texans will pick 37 players in February's expansion draft, but history
shows the best way to build a team is through the college draft. We take a
look at how the past nine expansion clubs have fared in their first five
drafts:
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CALLING ALL KIDS
Toro has taken up shop in the Kids Zone. Click below to find him:
http://www.houstontexans.com/home/general.cfm?cont_id=58787&NSLN=050401

MOVING ON UP
Check out our latest construction shots of Reliant Stadium:
http://www.houstontexans.com/home/general.cfm?cont_id=58387&NSLN=050401

GOING FAST
Texans PSLs and Non-PSL Season Tickets are going fast. Click below to order
now or call 1-877-NFL-2002:
http://www.2002stadiumfund.com

SHOW YOUR PRIDE
Cool off with this official Texans Champion Legends Tee. This tee features
the team name and NFL shield.
http://www.houstontexans.com/home/general.cfm?cont_id=56197&NSLN=050401

EARTHLINK EMAIL
You wear your Texans pride like a badge of honor, now you can get your own
Texans e-mail address (yourname@go.houstontexans.com), courtesy of the
Texans and EarthLink. Sign up for the Texans Internet Service today!
http://www.earthlink.net/profootball/houstontexans

---
You are currently subscribed to texansnews as: GWHALLE@ENRON.COM
To unsubscribe send a blank email to
leave-texansnews-179392T@newsletter.houstontexans.com


-----Original Message-----
From: Couch, Greg
Sent: Wednesday, October 17, 2001 1:41 PM
To: McLaughlin Jr., Errol; Giron, Darron C.; Love, Phillip M.; Taylor,
Joey; Olney, Matthew; Olitsky, Sandy
Subject: This is hillarious...

Don't know if you've seen it or not, but read all the way to the end.  (I don't know who Dave is)

-----Original Message-----
From: Bruce A. Bernard [mailto:bbernard@bernardconsult.com]
Sent: Wednesday, October 17, 2001 9:53 AM
To: David Ruzicka; Couch, Greg
Subject: FW: THis is GREAT!!!!

~~~~~~~~~~~~~~
Ya know.......some people look for things like this...and it amazes me.  At
first I rolled my eyes....then I read Dave's response and I couldn't have
said it better if I had all day to do it.
 >
 > original letter:

 > The date of the attack: 9/11 - 9 + 1 + 1 = 11
 > September 11th is the 254th day of the year: 2 + 5 + 4 = 11 After
 > September 11th there are 111 days left to the end of the year.
 > 119 is the area code to Iraq/Iran. 1 + 1 + 9 = 11
 > Twin Towers - standing side by side, looks like the number 11
 > The first plane to hit the towers was Flight 11
 > I Have More.......
 > State of New York - The 11th State added to the Union
 > New York City - 11 Letters
 > Afghanistan - 11 Letters
 > The Pentagon - 11 Letters
 > Ramzi Yousef - 11 Letters (convicted/orchestrating the attack on the
 > WTC in 1993)
 > Flight 11 - 92 on board - 9 + 2 = 11
 > Flight 77 - 65 on board - 6 + 5 = 11
 >
(Dave's response)
Oh my God! How worried should I be? There are 11 letters in the name
"David Pawson!" I'm going into hiding NOW. See you in a few weeks.
Wait a sec ... just realized "YOU CAN'T HIDE" also has 11 letters! What
am I gonna do? Help me!!! The terrorists are after me! ME! I can't
believe it! Oh crap, there must be someplace on the planet Earth I could
hide! But no ... PLANET EARTH" has 11 letters, too!  Maybe Nostradamus can
help me. But dare I trust him? There are 11 letters in "NOSTRADAMUS." I
know, the Red Cross can help. No they can't... 11 letters in "THE RED
CROSS," can't trust them. I would rely on self defense, but "SELF DEFENSE"
has 11 letters in it, too! Can someone help?  Anyone? If so, send me email.
No, don't... "SEND ME EMAIL" has 11 letters....

Will this never end? I'm going insane! "GOING INSANE???" Eleven letters!!
Nooooooooooo!!!!!! I guess I'll die alone, even though "I'LL DIE ALONE" has
11 letters.....  Oh my God, I just realized that America is doomed! Our
Independence Day is July 4th ... 7/4 ... 7+4_!
~Dave
      PS. "IT'S BULLSHIT" has 11 letters also.

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


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/17/2000
02:52 PM ---------------------------

Vince J Kaminski
02/17/2000 11:25 AM
To: gappy@stanford.edu
cc: Vince J Kaminski/HOU/ECT@ECT, Ravi Thuraisingham/Enron
Communications@Enron Communications
Subject: Re: Visiting Enron

Giuseppe,

Thanks a lot. I would appreciate if you could set up a meeting with Prof.
Bambos.
We talked to him during our last visit and we would like to follow up with
some
specific proposals regarding research projects Enron could sponsor.

Vince

Giuseppe Andrea Paleologo <gappy@stanford.edu> on 02/14/2000 03:20:52 PM
Please respond to gappy@stanford.edu
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Visiting Enron

Dr. Kaminski, I would like to thank you very much for taking care of Amy and
me
during our trip to Houston. What I saw at Enron Communication was nothing
short
of revolutionary. More than that, I was impressed with the drive of the
people,
their kindness, and their proficiency. I look forward to meeting you again in
Stanford during the last weekend of February. I will send you an email next
week, so that we can arrange a meeting between you and Prof. Bambos.
All the best wishes,

Giuseppe

--
::Giuseppe A Paleologo::                  http://www.stanford.edu/~gappy
________________________________________________________________________
"What a waste it is to lose one's mind. Or not to have a mind is being
very wasteful. How true that is."

    - Vice President Dan Quayle winning friends while
      speaking to the United Negro College Fund, 5/9/89 -


The second edition of "New Gen Weekly" is available for download.  The report can be found at:

O:_Dropbox/West New Gen/Weekly/2_10_26_01

If you have any comments about this report (including ease of access) please direct them to me as soon as possible.

James Bruce
Enron North America		(503) 464-8122
West Power Desk		(503) 860-8612 (c)
121 SW Salmon, 3WTC0306	(503) 464-3740 (fax)
Portland, OR 97204		James.Bruce@Enron.com


>From: We want your opinion <iexpect.10@reply.pm0.net>
>To: mtaylo9@lsu.edu
>Subject: Your opinion could be Worth......$1,000!
>Date: Mon, 19 Nov 2001 14:33:03 EST
>
>Everyone has an opinion......Share it with us and we'll give you chances to
>WIN CASH.
>
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>
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>
>HOW DO I GET STARTED?
>Please visit us at:
>
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>
>See our site for Official Sweepstakes rules.
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>
>
>
><<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>
>* To remove yourself from this mailing list, point your browser to:
>http://i.pm0.net/remove?iexpect:10
>* Enter your email address (mtaylo9@lsu.edu) in the field
>provided and click "Unsubscribe". The mailing list ID is "iexpect:10".
>
>OR...
>
>* Reply to this message with the word "remove" in the subject line.
>
>This message was sent to address mtaylo9@lsu.edu
>X-PMG-Recipient: mtaylo9@lsu.edu
><<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>
>
>
>
>
>
>pmguid:u9.vvf.2ncgf
>

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


Please let me know if you plan on attending the training session tomorrow, as I must have the administrative assistant order lunch for those people attending.


Pretty funny.
---------------------- Forwarded by Phillip M Love/HOU/ECT on 11/13/2000
10:10 AM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           11/13/2000 10:09 AM

To: Phillip M Love/HOU/ECT@ECT
cc:
Subject: Kids Find Contested Ballot to be Child's Play

---------------------- Forwarded by Darron C Giron/HOU/ECT on 11/13/2000
10:08 AM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           11/13/2000 08:43 AM

To: kristi.giron@cfisd.net
cc:
Subject: Kids Find Contested Ballot to be Child's Play

---------------------- Forwarded by Darron C Giron/HOU/ECT on 11/13/2000
08:43 AM ---------------------------

Greg Couch
11/10/2000 03:52 PM
To: Darron C Giron/HOU/ECT@ECT, David Lorenz/Corp/Enron@ENRON
cc:
Subject: Kids Find Contested Ballot to be Child's Play

---------------------- Forwarded by Greg Couch/HOU/ECT on 11/10/2000 03:52 PM
---------------------------

"Vance, Norman" <NVance@hess.com> on 11/10/2000 03:28:15 PM
To: "Greg Couch (E-mail)" <Greg.Couch@enron.com>
cc:
Subject: Kids Find Contested Ballot to be Child's Play

Friday, November 10, 2000
IN THE NEWS..."Kids Find Contested Ballot to be Child's Play,"
The Shreveport Times, by Don Walker

"It's a ballot that perplexed Florida voters but was no match for the wits
of first- and fourth-graders at Stockwell Elementary School in Bossier City.

"Disillusioned and upset by the lingering chaos of this week's presidential
election, fourth-grade teacher Lisa Burns pulled a sample of the
controversial Palm Beach County, Fla., ballot off the Internet on Thursday.
She then put her class of 9- and 10-year-olds to the test.  'I gave them a
ballot and had them take a blue marker to vote for Al Gore and a red marker
to vote for George Bush. Then I had them put their name on the bottom of the
ballot and turn it in.'

"Turns out this election was mere child's play. Not one of the 22 students
present in class Thursday was confused by the ballot. Each one was marked
without error.

"Well, if a fourth-grader could do it, how about a first-grader? Down the
hall in Stacey Robinson's class, the ballot was handed out to 6- and
7-year-olds. Robinson used an overhead projector to point out Gore's name,
then asked the class of 24 students to find his bubble on the punch-card
ballot.

"'It wasn't a vote,' Robinson said. 'I just wanted to experiment to see if
they could find the correct bubble.'

"When the ballots were turned in, 19 of the first-graders marked the correct
bubble for Gore, three picked Buchanan's bubble, one picked Bush's and one
marked the bottom bubble for the 'Natural Law' party.

"'If a first-grader can choose the correct bubble, there's no legitimate
claim. Anyone could have done it,' Robinson said. 'A grown adult who took
any time at all could find it.'

"Still, even in a first-grade classroom, vote tabulations were the subject
of protest and controversy. 'I thought we were voting,' Brady McCoy, 6, of
Haughton grumbled after he was told to find and punch the 'Gore' bubble. 'I
wanted to vote for George Bush!'"


The information contained in the Weekly Public Report can be communicated to audiences outside the company and should be used to ensure that we present a consistent message to the public. Please ensure that this email is distributed to anyone in your group who needs to discuss EnronOnline with individuals outside the company.

This report is not intended to be used as a stand-alone presentation, nor that all the information be used in a single presentation or customer communication.

Total Life to Date Transactions >1,570,000
Average Daily Transactions > 5,600

Life to Date Notional Value of Transactions > $870 billion
Daily Notional Value Approximately $2.4 billion

Number of Products Offered: Approximately 2,000
Number of Currencies Traded in = 15

EnronOnline Version 1.0 Launch Date: November 29, 1999
EnronOnline Version 2.0 Launch Date: September 18, 2000

Due to size constraints on the Outlook System, the Public Report will no longer be distributed.
A complete copy of the report can now be accessed directly through the EnronOnline
Intranet Site at http://eolinfo.enron.com.

In order to access this report,  click on the link above. Once there, follow the link entitled "Reports" and then select the "Public Reports" tab. A dropdown menu will appear with a list of the various public reports available for viewing. .

We look forward to your feedback and comments. If you have any questions or experience any difficulties accessing your reports through the Intranet Site, please feel free to contact either Bryan Deluca at x36161 or Fraisy George at x35424.


When I try to open the link I get an error message saying "You are not
authorized to perform that operation."  There are still no requests awaiting
my approval in the SRRS icon on my desktop.

Sorry!

Information Risk Management@ENRON
04/04/2000 12:37 PM
To: Mark Taylor/HOU/ECT@ECT@ENRON
cc:
Subject: Re: Your approval is requested

Please let us know if you have any trouble opening this link.

Thank you.

To: Information Risk Management/HOU/ECT@ENRON
cc:
Subject: Re: Your approval is requested

There are no requests awaiting my approval.

Information Risk Management@ENRON
03/30/2000 04:54 PM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Your approval is requested

Please be informed that you  have one or more SRRS requests that are
outstanding due to a pending action to approve or reject decision on your
part. Please  go to the SRRS (Lotus Notes desktop icon) and select the
"Requests Awaiting my Approval" option and complete the necessary  action.
More SRRS request information can be seen within the request by clicking on
"Resource Display".

Your response will enable the SRRS process to continue for eventual closure.

Thank you,
Information Risk Management


Here is a proposed agenda for today's call.

Given some other issues that have arisen, we only have 30 minutes today.

If I've left anyone off of the TO:, please feel free to invite them.

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

1.	Presentation of Government Affairs Staff Responsibility - PAUL KAUFMAN TO PROVIDE DOCUMENT (10 minutes)

2.	Discussion of Key Policy Issues for Enron & Next Steps (20 minutes)
	a.	Replacement of PX Credit Mechanism
		i.	Calculation
		ii.	Timing
	b.	Modification to 1c/kwh Surcharge
		i.	Application to Direct Access
		ii.	Retroactivity
	c.	Continuation of Direct Access
		i.	Cap new enrollment
		ii.	Surcharge new enrollement

Call in Number =     1-800-486-2460 Participant Code - 410639


Can you attend the meeting and the conference call?
----- Forwarded by Richard B Sanders/HOU/ECT on 10/24/2000 07:44 AM -----

	melanie.gray@weil.com
	10/23/2000 10:23 AM

		 To: Richard.B.Sanders@enron.com
		 cc: EA@PULLCOM.com
		 Subject: Re: PCA: Scheduling conference call

Thanks for getting back to me.  Twanda also left a message this morning.

I am available at 3:00 on Wednesday, so consider that booked.  I'll come over
to
your offices.  I have called the Trustee's counsel to propose times on
Thursday
morning.  Hopefully we can start around 10:30 am, and I would be surprised if
this first conversation went more than an hour to an hour and one-half.  Of
course, I am planning on coming to your offices for the call on Thursday, but
if
a lunch in the "restuarant rich" area of downtown holds any appeal, please
consider coming down here and we'll go to lunch afterwards.

I think it may be helpful if Elizabeth Sager is available on Wednesday to go
over the how Enron calculated the Termination Payment (I know the payment was
zero, but the amount of "Gains" to Enron under the Master Agreement may have
some bearing in connection with their unjust enrichment claims) and her
calculation of Enron's gain from selling the power otherwise deliverable to
PCA
in the market after the Master Agreement was terminated.  Elizabeth has
recalculated the proper amount of EPMI's proof of claim, and it appears that
the
original proof of claim was overstated a bit.

You may have all this information -- but if not, Elizabeth does and we should
get our arms around it.

I'm going to be messengering to you today the Trust's mediation statement
filed
in connection with the other defendants.  I only have a fax, and if I fax it
to
you, you won't be able to read it.  It would be beneficial for you to review
this statement as it sets forth the Trustee's position in more detail.    It
provides the basis for their claim of unjust enrichment, even though I
continue
to believe that unjust enrichment is not available in connection with the
Master
Agreement and EPMI's termination for unpaid invoices.

I also think it would be helpful to connect Liz Austin into our conversation
on
Wednesday so that she can advise you of her experience in mediating with the
Trustee.  She has represented at least one other defendant who mediated with
the
Trust successfully.  Her insights of what to expect will be helpful.

Thanks.

**********NOTE**********
The information contained in this email message is intended only
for use of the individual or entity named above.  If the reader
of this message is not the intended recipient, or the employee or
agent responsible to deliver it to the intended recipient, you
are hereby notified that any dissemination, distribution or
copying of this communication is strictly prohibited.  If you
have received this communication in error, please immediately
notify us by telephone (713-546-5000), and destroy the original
message. Thank you.


Ted,

We have the first running version of VaR model for the MG positions. Many
thanks to Tanya and Anjam for taking lead
in this effort. We had also great help from Cantekin and Kirstee. We want to
validate some  inputs
before releasing the number. Specifically, I want to make sure that both
London and Houston work
with the same position numbers every day to avoid confusion.

A few comments.

1. We plan to set up the models to run VaR concurrently in Houston
(Cantekin)  and London (Kirstee) with the same inputs.
The reason to do it this way is that we may have to respond quickly to
multiple inquiries in both locations. (Cantekin and Kirstee,
please stay in touch and synchronize the inputs ).

2. It is critical that we run the model daily and receive the updated
positions and prices on a regular basis.

3. We shall continue work in Houston to improve the model. Two critical areas:

 a. VaR model, by its nature, does not capture one big risk MG has in its
portfolios. This is the liquidity risk
       resulting from different cash consequences of the hedges and the
underlying positions.
 b.  We should go through due diligence to validate the process generating
the position numbers (i.e. look
                      into the details of specific transactions).  From what
I know, MG has a fairly rudimentary risk
       management system and I am not quite sure how they generate option
prices (and deltas). They get some
                      option prices by calling brokers.

4. I think the current VaR is within 80-85% of the true number (assuming the
inputs are right). But, as I have said,
     VaR does not capture all the risks that we have to worry about.

Vince


The Sales Practices/Anti-Manipulation Training program covers the legal
implications of various activities of our commercial team ) particularly as
they interact with customers in marketing (Sales Practices).  The program
also covers laws prohibiting market manipulation that might affect our
trading and marketing activities.


In the e-mail special sent out on January 21, 2002, there
was a pricing error for The Pointe Hilton Tapatio Cliff
Resort in Phoenix offer. We apologize for the error and
inconvenience this may have caused you. Below is updated
information with valid pricing. Thank you.

_______________________________________________________________________

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- Complimentary tennis court time - at 30 minute intervals
- Complimentary daily use of fitness center

The following prices are examples per person, based on double occupancy
for a two-night package with Sunday through Wednesday departures valid
from 2/10-3/27/02. Prices reflect accommodations at the Pointe
Hilton Tapatio Cliffs Resort.

Origin city:		Price per adult:
 - El Paso, Las Vegas   from $449
 - Kansas City          from $574
 - Baltimore            from $644

Package prices listed include:
 - Roundtrip air via Southwest Airlines
 - Hotel accommodations
 - Hotel taxes
 - 2-day midsize rental car
 - Rapid Rewards double credit
 - 24-hour traveler assistance

The following applies to the prices listed above:
 - Packages must be booked no later than four business days prior to
   departure date
 - Prices do not include a $3 federal excise tax per takeoff and
   landing
 - Airport taxes of up to $18 and federal September 11th Security
   Fees of up to $10 roundtrip per person not included
 - Prices are valid for travel during dates listed above
 - Rates may be higher for other days of the week
 - Surcharges may apply to weekends, holidays, special events,
   and convention periods
 - Rates are subject to change until purchased

Rapid Rewards double credit is valid on complete vacation packages
for travel through 6/30/02. All Rapid Rewards rules and regulations
apply.

To Price and Buy a Phoenix vacation package from your origin city,visit

http://www.swavacations.com/pricebuy.htm

OT: sscott5@ENRON.COM


----- Original Message -----
From: "Missy Moriarty" <m_l_mauch@yahoo.com>
To: "Adams" <adamsbm@fnbnet.net>; "Stephenie Widner" <smwidner@yahoo.com>;
"Clint Jana Wilson" <cjwilson@lcc.net>; "Bobbie Corbell"
<fancyface77340@yahoo.com>; "Dana Cunningham" <danacunningham@yahoo.com>;
"Laura Dean" <tlapd@aol.com>; "Paula Griffey" <nanya@flash.net>; "Shavauna
Hardin" <Shavauna@lcc.net>; "Jan Klinger" <jklinger73@hotmail.com>; "Cherrel
Langley" <cherrel45@hotmail.com>; "Mollie" <deans@tca.net>; "Mom Dad"
<cjmfarms@aol.com>; "Sheryl Morgan" <morgan_sheryl@hotmail.com>; "Sis
Mutchler" <vivgranny@aol.com>; "April Oliver" <aoliv@nav.cc.tx.us>; "Nanette
Ramsey" <nanette_ramsey@hotmail.com>
Sent: Thursday, November 15, 2001 11:57 AM
Subject: Fwd: Fw: Fw: Fw: Fw: OUTBACK STEAKHOUSE- Read this! It's a deal!]

>
> Note: forwarded message attached.
>
>
> __________________________________________________
> Do You Yahoo!?
> Find the one for you at Yahoo! Personals
> http://personals.yahoo.com

X-Apparently-To: m_l_mauch@yahoo.com via web12502.mail.yahoo.com; 14 Nov 2001 07:13:57 -0800 (PST)
X-Track: 1: 40
Received: from sys27.hou.wt.net (205.230.159.27)  by mta589.mail.yahoo.com with SMTP; 14 Nov 2001 07:13:57 -0800 (PST)
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From: "Donna Story" <dstory@wt.net>
To: "Jan Klinger" <Jklinger73@hotmail.com>, "Jim Hansen" <jimh@totalzone.com>,        "John and Bobbie Barham" <jrb@glade.net>, "Laura Dean" <tlapd@aol.com>,        "Leland and Panette Kelch" <kelch@lcc.net>,        "Lesa Magness" <ldmagness@hotmail.com>,        "Lian Martinez" <lrobbins@chamber.huntsville.tx.us>,        "Lonnie & Sue Jensen" <suelon4U@wt.net>,        "Marcus Kenter" <icc_mek@shsu.edu>, "Matt Demny" <mattdem@netzero.net>,        "Michael Porter" <MDpepper@compuserve.com>,        "Missy Moriarty" <m_l_mauch@yahoo.com>,        "Nanette Ramsey" <nanette_ramsey@hotmail.com>,        "Patricia Robson" <aggiemomma@excite.com>,        "RI, Richardson GM" <ri.dalrh.gm@marriott.com>,        "steve ball" <srball@nstci.com>,        "Tom and Sharon Fordyce" <lt00@wt.net>,        "Tom Fordyce-work" <Tom.Fordyce@TDCJ.state.tx.us>,        "Trinell Barrum" <trifac@ev1.net>
Subject: Fw: Fw: Fw: Fw: OUTBACK STEAKHOUSE- Read this! It's a deal!]
Date: Wed, 14 Nov 2001 09:18:45 -0600
MIME-Version: 1.0
Content-Type: multipart/mixed;	boundary="----=_NextPart_000_0044_01C16CED.5C7F9A80"
X-Priority: 3
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X-Mailer: Microsoft Outlook Express 5.00.2615.200
X-MIMEOLE: Produced By Microsoft MimeOLE V5.00.2615.200
Content-Length: 5384

Treid this before and it never popped up for me. I'll try again
----- Original Message -----
From: Joy Owens <jj-owens@lcc.net>
To: Tom Chambers <arktvc@zianet.com>; Barbara Bright <barjon@lcc.net>;
Barbara Hansen <bhansen@globalbiz.net>; Bobby Thrower <bigarms@koyote.com>;
Carl D. Smith <cdsmith@samlink.com>; CONNIE SKIDMORE <conann@texoma.net>;
KAY <dekay@txucom.net>; D. Story <dstory@wt.net>; Virginia Gilmore
<express@tca.net>; RONNIE OLD <gashaul742@hotmail.com>; Gayland Moulder
<gayland@totalzone.com>; Gerry Moulder <gerrym@totalzone.com>; Joann
Zwerneman <jazz@totalzone.com>; Jimette Kerr <JimetteK@aol.com>; Linda
Farris <jfarris@texoma.net>
Sent: Wednesday, January 03, 2001 4:43 AM
Subject: Fw: Fw: Fw: Fw: OUTBACK STEAKHOUSE- Read this! It's a deal!]

>
> -----Original Message-----
> From: Kendall & Jeanne Kellam <kkellam@cox-internet.com>
> To: David Townsend <ret_dct@shsu.edu>; Gladys Tiffin
> <gtiffin@houston.rr.com>; Bette Sutton <sutton@totalzone.com>; Ray &
Annella
> Portalatin <rayann@totalzone.com>; Joy & Jerry Owens <jj-owens@lcc.net>;
> Gerry Moulder <gerrym@totalzone.com>; Marian & Wiley McDonald
> <wil@txucom.net>; Bill & Lynne Lesmeister <mudman@lcc.net>; Pam and Glenn
> Lathrop <pjurica@aol.com>; Roger & Michelle King <remjking@msn.com>; Keith
> <wearlk@concentric.net>; Tom & Faye Jordan <chief@totalzone.com>; Bonnie
> Jolibois <bbj@txucom.net>; Kay Hidalgo <dekay@txucom.net>; Sue and Marv
Hein
> <vick125@home.com>; Bo and Juanita Grounds <BNGROUNDS@totalzone.com>;
> Elizabeth Gray <egggn@txucom.net>; Marinell Goodbread
<Marigood556@cs.com>;
> Pat and Paul Gill <pgill@totalzone.com>; Pamela Flippo
> <pflippo@worldnet.att.net>; Peggy and Ken Egger <mth_phe@shsu.edu>; Linda
> DeOme <lkdeome@aol.com>; Ray & Donnelle Denton <raydon@cox-internet.com>;
> Patty and Glen Davis <pjones@damanconsulting.com>; Dona Sue Curry
> <donasue@qzip.net>; Crosby, Bill & Irene <bicrosby@wt.net>; Nancy Coughlin
> <nurseleary@entermail.net>; Kathy & Dan Cornell <antkak1988@aol.com>;
Casey,
> Roy & Sandra <casey@txucom.net>; foskey Boyd <fosky@webtv.net>; Gaynell
> Blackstone <gaynellandbob@yahoo.com>; Ron & Beverly Alton
> <rockroll@lcc.net>; JoAnne & Buddy Allen <articeallen@aol.com>
> Date: Tuesday, November 13, 2001 3:31 PM
> Subject: FW: Fw: Fw: Fw: OUTBACK STEAKHOUSE- Read this! It's a deal!]
>
>
> >>
> >> > > > >
> >> > > > >
> >> > > > >
> >> > > > >
> >> > > > >   > > > > > > OUTBACK STEAKHOUSE- Read this!
> >> > > > >   > > > > > > It's a deal!
> >> > > > >   > > > > >        It's a deal!
> >> > > > >   > > > > >        Subject:  Outback Steakhouse
> >> > > > >   > > > > >       OUTBACK STEAKHOUSE.
> >> > > > >   > > > > >        We have rented an email
> >> > > > >   > > > > >        tracker for the next 3 months!
> >> > > > >   > > > > >       We at RH Power Inc. want to
> >> > > > >   > > > > >        see how many people  our
> >> > > > >   > > > > >       email can reach in this time!
> >> > > > >   > > > > >
> >> > > > >   > > > > >     If you forward this mail, you will be PAID
MONEY!
> >> > > > >   > > > > >   This email must be sent immediately upon
receiving
> >> > > > >   > > > > >   this for it to be counted.
> >> > > > >   > > > > >       For every person you send this to you will
> >> > > > >   > > > > >   receive $413!
> >> > > > >   > > > > >        For every person they send this to you will
> >> > receive
> >> > > > >   > > > > >  $139!
> >> > > > >   > > > > >       I too (Ryan LaGrange, Head Marketing
Manager),
> >> > > > >   > > > > > thought      this was a hoax until I did
> >> > > > >   > > > > > the same this and the next  month got a check for
> >> $4612
> >> > > > >   > > > > > in the mail!
> >> > > > >   > > > > >
> >> > > *************************BONUS*******************************
> >> > > > >   > > > > >       IF YOU SEND THIS TO AT LEAST
> >> > > > >   > > > > > 15 PEOPLE
> >> > > > >   > > > > >  RIGHT      AWAY, A $25 GIFT CERTIFICATE
> >> > > > >   > > > > > TO OUTBACK  STEAKHOUSE WILL POP UP ON
> >> > > > >   > > > > > YOUR
> >> > > > >   > > > > > > > > SCREEN
> >> > > > >   > > > > > > > > >> > > > PRINT OUT
> >> > > > >   > > > > >        Gotta try it just for the $25 certificate!
> >> > > > >   > > > > >        Jo & Bob Wagner
> >> > > > >   > > > > >        Outback Steakhouse
> >> > > > >   > > > > >
> >> > > > >   > > > > >
> >> > > > >   > > > > >
> >> > > > >
> >> > > > >
> >> > > > >
> >> > > >
> >> > > >
> >> > > > _________________________________________________________________
> >> > > > Get your FREE download of MSN Explorer at
> >> > http://explorer.msn.com/intl.asp
> >> > > >
> >> > >
> >> > <<Untitled Attachment>>
> >
> >
>

Content-Transfer-Encoding: 7bit
From: <akbredthauer@home.com>
To: <akbredthauer@home.com>
Subject:
Date: Tue, 13 Nov 2001 05:51:37 -0800
MIME-Version: 1.0
Content-Type: text/plain;	charset="iso-8859-1"
X-Mailer: Internet Mail Service (5.5.2653.19)
X-MimeOLE: Produced By Microsoft MimeOLE V5.00.2919.6600


I have received confirmation that Community Relations can contribute
$416,666.50 annually over the next three years toward this Rice University
commitment. Please let me know the details of when you would like the first
payment to be made, to whom the check needs to be made payable, etc. Thanks!

Regards,

Charla

Steven J Kean@EES
05/29/2000 07:17 AM
To: Charla Stuart/Corp/Enron@ENRON
cc:

Subject: Re: Multi-Year Commitment to Rice University

Thanks for the message.
The actual commitment is $5 million spread over three years beginning in
2000.  The EBS deal covers about half of this but I don't think they are
contributing out of their budget.  If Community Affairs can cover the amount
you set forth in your message, I will talk to Ken about covering the
remainder out of a general corporate budget.

Charla Stuart@ENRON
05/26/2000 04:07 PM
To: Steven J Kean/HOU/EES@EES
cc: Maureen McVicker/HOU/EES@EES, Cindy Olson/Corp/Enron@ENRON, Misha
Siegel/Corp/Enron@ENRON, Amy Lee/Corp/Enron@ENRON
Subject: Multi-Year Commitment to Rice University

Steve, spoke with Cindy and it is our understanding that the $2.5MM
commitment to Rice will be split between EBS and Community Relations and
spread over three years. This translates into a total annual Enron commitment
of $833,333, and an EBS and Community Relations annual commitment of
$416,666.50 each.

We are excited about our new partnership with Rice and the business
opportunities that this partnership brings to Enron. We would greatly
appreciate your clarifying two points:  1) Do we have the financial
parameters of the Enron commitment correct?   2) Is this commitment scheduled
to begin in 2000 or in 2001?

Please respond at your earliest convenience. Feel free to contact me at
X-36202 if you wish to discuss this further. I look forward to hearing from
you soon. Have a great Memorial Day holiday!

Regards,

Charla


----- Original Message -----
From: "Knoblauh, Jay" <Jay.Knoblauh@bridgeline.net>
To: "randall.curry@bhlp.com" <'randall.curry@bhlp.com'>;
"hugh.h.connett@bhlp.com" <'hugh.h.connett@bhlp.com'>; "ragan.bond@bhlp.com"
<'ragan.bond@bhlp.com'>; "McIlvoy, Karen D."
<Karen.D.McIlvoy@bridgeline.net>; "Knoblauh, Jay"
<Jay.Knoblauh@bridgeline.net>; "Green, Michael"
<michael.green@bridgeline.net>; "Wilkinson, Doug"
<Doug.Wilkinson@bridgeline.net>; <tiffany.smith@bhlp.com>;
<jeff.stephens@bhlp.com>; <jstep103@aol.com>; "Wilson, Shona"
<Shona.Wilson@ENRON.com>; <maedajr@texaco.com>; <faulkjb@texaco.com>;
"Trevino, Susan" <Susan.D.Trevino@ENRON.com>; "Mihalik, Trevor"
<Trevor.Mihalik@bridgeline.net>; "Hagelmann, Bjorn"
<Bjorn.Hagelmann@ENRON.com>; "McConnell, Mike" <Mike.McConnell@ENRON.com>;
"Sharp, Greg" <Greg.Sharp@ENRON.com>; "Abel, Chris" <Chris.Abel@ENRON.com>;
<jparks1@houston.rr.com>; "Knoblauh, Jay" <Jay.Knoblauh@bridgeline.net>;
"Jenkins, Beth" <Beth.Jenkins@ENRON.com>; "Thompkins, Jason"
<Jason.Thompkins@ENRON.com>
Sent: Wednesday, May 22, 2002 5:18 PM
Subject: FW: Bridgeline Gas Marketing 5/22/2002

>
>
> >  <<BGM 0522 ngpl.xls>> > >  <<DPR 0522.xls>>

************************************************************************
This e-mail is the property of Bridgeline Holdings, L.P. and/or its relevant
affiliate(s) 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 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
Bridgeline Holdings, L.P. (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.
************************************************************************


Attached is a clean and redlined version of the Capacity Allocation and
Expansion Determination Agreement.  I will follow with the LLC and
Administrative Manager Agreement, however those changes will  be minor.  The
substance is in this Agreement.


Hi Mrs. Vittor -

Your Dad just asked if you had sent an e-mail where you are staying in Miami.

Rosie


Some Generators Say No As Calif Lawmakers Eye Haircut  ????
Updated: Monday, July 16, 2001 04:52 PM?ET ?????
?

By Jason Leopold and Jessica Berthold

Of DOW JONES NEWSWIRES

LOS ANGELES (Dow Jones)--Some power suppliers said Monday they wouldn't
accept a move by California state lawmakers to allow them to collect just 70%
of what they are owed by Edison International (EIX, news, msgs) unit Southern
California Edison.

At issue are bills scheduled for hearings Monday and Tuesday in the state
Assembly and Senate to rescue Southern California Edison from the verge of
bankruptcy, where it has teetered for six months.

Both bills aim to spread out the costs of helping the utility recover $3.5
billion in wholesale power costs that it was forced to absorb as a result of
a retail rate freeze. Discounts to unpaid power bills may be needed to make
the rescue politically palatable. But some suppliers, which together are owed
about $1 billion by the utility, are balking.

"As we have said before, we fully expect to receive 100 cents on the dollar,"
said John Sousa, spokesman for Dynegy Inc. (DYN, news, msgs), which is owed
$265 million in California. (Generators' receivables due from Southern
California Edison alone weren't immediately available.)

Reliant Energy Inc. (REI, news, msgs), owed a total of $370 million, said it
too expects to receive full payment.

Williams Cos. (WMB, news, msgs), which hasn't disclosed its California
receivables, and Duke Energy (DUK, news, msgs), which is owed $410 million,
have said publicly that their companies would be willing to accept less than
100 cents on the dollar. But Duke spokesman Tom Williams said his company
would only negotiate with the utilities, not the state.

Pat Dorinson, spokesman for Mirant Corp. (MIR, news, msgs), which is owed
$385 million in California, wouldn't say whether the company would accept
less than what its owed. But he said the company wasn't included in the
negotiations when the bill was drafted.

"We can't have a comprehensive solution if all parties are not at the table,"
Dorinson said. "No one has come to us and talked to us about what we are
willing to do or not do. You'd think the people producing the energy might
have on opinion on how things should be solved."

Suppliers said they weren't sure what action, if any, they'd take against the
utilities if such provisions were approved as part of a deal this week.

The Assembly and Senate proposals were expected to be debated on Monday and
Tuesday, with floor votes on Wednesday.

Assembly Speaker Pro Tem Fred Keeley, D-Boulder Creek, said a rescue plan for
Southern California Edison could never pass the Legislature without
concessions from generators.

The proposals in both houses call for generators to accept 70 cents on the
dollar. In the Assembly, legislation introduced last week by Assembly Speaker
Bob Hertzberg, D-Van Nuys, and Keeley, aims to establish a trust account,
controlled by the state and the Public Utilities Commission, to reduce
payments to generators who overcharged for power.

"Our proposal protects those who deregulation has hurt most - consumers - and
ensures that California never sees a crisis like this again," Hertzberg said.
"It holds accountable those who have taken advantage of us and it promises
consumers that they will see rates go down rather than up."

Such a move may violate Constitutional protections regarding contracts, said
Kenneth Klee, a law professor at UCLA and attorney at Klee, Tuchin, Bogdanoff
& Stern LLP in Los Angeles who specializes in corporate reorganization,
bankruptcy law and insolvency.

"The contracts clause of the Constitution, Article 1, Section 10, prevents
the states from impairing the obligations of contracts," Klee said. "I
haven't seen the bill, but it occurs to me that if the state is trying to
tell Edison it can pay creditors 70 percent, that would be unconstitutional."

Klee's firm represents two independent generators in the legal wranglings
with Southern California Edison.

-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com

(Jessica Berthold contributed to this article.)

California Lawmakers Take Edison Rescue Down To The Wire  ????
Updated: Monday, July 16, 2001 04:19 PM?ET ?????
?

By Jason Leopold

Of DOW JONES NEWSWIRES

LOS ANGELES (Dow Jones)--It's coming down to the wire.

With just five days left before their summer recess, California lawmakers
were to take their first concrete steps Monday toward relieving Edison
International (EIX, news, msgs) utility Southern California Edison of the
massive power costs that have left it unable to meet its obligations.

Edison officials have warned that if the Legislature doesn't act by Aug. 15,
the deadline set in a memorandum of understanding signed with Gov. Gray Davis
on April 9, the utility's creditors may drag it into Bankruptcy Court.

The plans under consideration aren't entirely faithful to the MOU and present
their own risks, but Edison officials seemed relieved that progress was
finally being made.

"This is the culmination of a long period of negotiations," Brian Bennett,
vice president of external affairs for Edison International, said last
Friday. "We're pleased that both the Assembly and Senate are moving."

Davis spokesman Steve Maviglio said Monday that the Assembly and Senate would
hold hearings on their versions of the rescue Monday and Tuesday, with floor
votes expected Wednesday.

The progress has boosted Edison International shares to their highest level
since mid-March. Edison shares closed Monday at $14.85, up 5 cents on the day
and more than 32% in July.

Under the MOU signed with the governor, the state would buy Southern
California Edison's transmission lines for $2.76 billion and enable the
utility to sell bonds backed by ratepayers to help it recoup $3.5 billion in
unrecovered wholesale power costs.

This week's events will test Edison's faith in the political process and its
lobbying prowess. The utility's northern California counterpart, PG&E Corp.
(PCG, news, msgs) unit Pacific Gas & Electric Co., pulled out of talks with
the governor and filed Chapter 11 on April 6.

Lehman Brothers analyst Dan Ford said in a research note Monday that chances
are good any action by lawmakers will arrive late or fall short of what's
needed.

"We believe odds for a speedy and palatable plan are less than 50-50," Ford
wrote.

Lawmakers are likely to pass a version of the MOU Edison signed with the
governor, but they will be preoccupied with the need to approve a budget, he
said.

"We expect the timing to slip and the deal to worsen for Edison
shareholders," Ford wrote. "If a modified MOU does pass both the house and
senate, we believe Edison will need to determine if they can stomach the
alterations, as the governor is unlikely to stop an alternative plan to
protect Edison shareholders."

Senate, Assembly Draft Bills

Assembly Democrats led by Speaker Robert Hertzberg, D-Van Nuys, and Speaker
Pro Tem Fred Keeley, D-Boulder Creek, have introduced a 79-page version of
the MOU that calls for the state to purchase the utility's power lines at
twice their book value, as opposed to the 2.3 times offered by Davis.

Unlike the MOU, the bill doesn't indicate how much money Southern California
Edison is allowed to recover.

"That's very disturbing to us," Bennett said. "But at least we have a bill."

The Hertzberg-Keeley bill also builds in a "haircut" for suppliers. Under the
plan, funds raised by Southern California Edison on the strength of its
pending sale of power lines to the state would go into a trust, from which
power suppliers would be paid 70 cents on the dollar for what they're owed by
the utility.

Suppliers have sent differing messages on their willingness to accept less
than full payment, so it's unclear how they'd react to such a provision.

In the Senate, Sen. Byron Sher, D-Stanford, and Sen. Steve Peace, D-Chula
Vista, were crafting their own proposal in hopes of voting on and passing a
bill Tuesday, aides to both lawmakers said.

The Senate proposal aims to help the utility recover $3.5 billion in
wholesale power costs. Large businesses would responsible for paying $2
billion through a surcharge added to their rates, although that provision
faces heavy opposition from business groups.

Generators would be required to contribute $300 million by accepting just 70
cents on the dollar for the $1 billion they're owed. The remainder would be
covered by $1.2 billion in payments from the parent to the utility.

The proposal doesn't include the state purchase of the utility's transmission
lines envisaged in the deal struck by the governor, but does include an
option for the state to buy the lines at book value if the utility hasn't
returned to creditworthiness by Dec. 31, 2002.

Edison executives said they were concerned about the required payment for the
parent, saying Edison International's funds have dried up.

-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com


CGLF
I created deal 530445 (purchase from New Power at CGLF + $.06) to bookout
with deal 380571.

CGAS
I created deal 503451 (sale to New Power  at CGLF + $.06 + Variable from CGLF
M/L to Leach).  Volume = 1,278
Deal 380492 is a sale to New Power, price = NX1 + .28, Volume = 2,683 day
Please bookout the 2 sale deals with deal 503453 (purchase from New Power at
CGAS IF + $.0125).  Volume = 3,961 day.

Let me know if you have any questions.

Chris


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

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

Crude     http://www.carrfut.com/research/Energy1/crude13.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas13.pdf

Jan WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clf-qof.pdf
Jan Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Jan Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread     http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread     http://www.carrfut.com/research/Energy1/hof-hog.pdf
Dec Gas/Heat Spread     http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Feb Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hug-hog.pdf
Dec/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/huz-huh.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG13.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG13.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL13.pdf


I keep getting e-mail bounced back from Anil so I'm not sure if he is
receiving
things.  Message says that Yahoo is rejecting e-mail due to size
constraints.

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax

____________________Reply Separator____________________
Subject:    CV Revisions/Additions
Author: "Vavrek; Carolyn (US - San Francisco)" <SMTP:cvavrek@deloitte.com>
Date:       04/25/2001 9:08 PM

Please see attached revised PowerPoint and excel file.

- I added a chart on KO's stock price for the last 5 years (past 15) and a
new "market reaction" slide showing KO, PEP, OAT and S&P500 performance over
last 12 months.
- In the "data" worksheet of the new excel file I added the deal multiples.
All look reasonable except for the TEV/EPS.  Looks like it should be taken
down by a factor of 10, but I'm not sure how to justify that.  Can  someone
take a second look at please?

Anil - let me know if you need help with anything.  I know you have a lot
going.
- cv

Carolyn M. Vavrek
Manager - Human Capital Advisory Services
Deloitte & Touche
50 Fremont Street
San Francisco, CA  94105

phone: 415-783-5137
fax: 415-783-8760
e-mail: cvavrek@deloitte.com

-----Original Message-----
From: Guinney, Mark [mailto:Mark_Guinney@watsonwyatt.com]
Sent: Wednesday, April 25, 2001 11:02 AM
To: "Vavrek; Carolyn (US - San Francisco)" ; "Jeff.Dasovich@enron.com" "

Cc: "Anil Sama" " "
Subject: FIA presentation

Here are my edits and most recent model

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax

This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law.  If
you are not the intended recipient, you should delete this message and are
hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any action based on it, is strictly prohibited.

 - QUAKERPR.PPT
 - ~ME00003.PPT


Legal/Commercial:

Here is my suggestion for the PJM Index. I will use a PJM Peak Loadshape that
mirrors the ISO NE and ISO NY Loadshape.

Kenny; et al:

Please map in TEST and PROD

Index:  PJM Interconnection
Abb:  PJM InterC
Sort Code:
Desc:  The Floating Price during a Determination Period shall be the average
of the hourly prices listed in the Index (in final, not estimate, form) for
electricity delivered during Peak hours on each Delivery Day during the
applicable Determination Period.  The Floating Price for each Determination
Period shall be calculated utilizing the hourly clearing prices published by
PJM Interconnection, LLC on its official web site currently located at
http://www.pjm.com/pub/account/lmp/index.html, or any successor thereto,
under the heading "PJM - Locational Marginal Pricing Files"  (the "Index").

Dale
3-9746

Eric Saibi@ENRON
06/13/2000 12:13 PM
To: Dale Neuner/HOU/ECT@ECT
cc:
Subject: PJM Prices

The appropriate address is ftp://www.pjm.com/pub/account/lmp/index.html

This is the same as going to www.pjm.com, clicking on "Market & System Data",
and then clicking on "Daily Real Time LMP Data".


Lovely note, crummy master.  It makes Belco look good!  I know Olin
Corporation only because they had a plant near the summer camp I went to in
North Carolina and there were days when the stench from the plant pervaded
the beautiful Blue Ridge Mountains where the camp was located.  That plant
manufactured the plastic wrap that went around all those cigarettes they were
making in North Carolina.  I kinda remember them being a plastics company
back then.


it was ok.  i spent a lot of time at the casino.  did you stay home or go to
austin?  texas looked pretty good on friday.  how is your dad?


Commissioners Henry M. Duque and Richard A. Bilas, dissenting:

One could say that this order is consistent with the Administration's present third world country mentality. We are punishing the very consumers and providers who made a commitment to ensuring electric restructuring did work by adding a demand retail component to cure the dysfunctions in the wholesale market.

We are not convinced that the Department of Water Resources (DWR) bond ratings depend on killing direct access.  This notion is a scare tactic and a smoke screen. Direct access comprises such a small percentage of overall demand that it cannot reasonably be seen to be a threat to the sale of the bonds. Direct Access should be seen as a benefit to DWR.  It would decrease the amount of the utilities net short obligations and relieve DWR from its power purchasing responsibilities sooner.

Something else is going on here. We think that the DWR does not want direct access because if the public is presented with alternatives, it will make DWR's purchasing mistakes abundantly clear. The Commission should be holding hearings to test the assertions being made by DWR, Finance and the Treasurer.  Instead, the Commission is making an ill informed, panicked decision to act now and study the repercussions later.

	DWR and the bonds should not be threatened by direct access if DWR is making prudent energy purchases. Only if DWR's contracts are too expensive, relative to market, will customers seek shelter in lower direct access prices. Indeed, retaining direct access as a way to send price signals to consumers may be the only way to place pressure on DWR to make more prudent purchases. This is a very important consideration since AB 1X prevents us from engaging in any prudency review of the DWR costs to be passed through to ratepayers in order to repay the bonds. If there is no yardstick, how can anyone measure DWR performance? The answer is, one can't, unless SB 18xx is signed into law.

	We think that additional review of these issues, before suspending direct access, would have produced a more sound decision in the long run.

For these reasons we must respectfully dissent.

/s/ HENRY M. DUQUE				  /s/ RICHARD A. BILAS
        Henry M. Duque						Richard A. Bilas
     	  Commissioner					   Commissioner

September 20, 2001


We have been asked to set this entity up for financial trading.  It's part of
our JV with Texaco.  Hal Bertram (X31865) is a good contact person if you
have questions about the Bridgeline companies.  Thanks.  Sara


I just realized that I failed to send the MS 150 check. It's in the
mail! Congratulations on your awesome fund-raising success.


Term sheet for Wisconsin project with Nuclear Management LLC to discuss with
Herman Manis.

Carlos Sole'
Senior Counsel
Enron North America Corp.
1400 Smith Street
Houston, Texas 77002-7361

(713) 345-8191 (phone)
713 646-3393 (fax)

----- Forwarded by Carlos Sole/NA/Enron on 05/01/2001 04:51 PM -----

	Doug Sewell/ENRON@enronXgate
	04/25/2001 09:33 AM

		 To: Carlos Sole/NA/Enron@Enron
		 cc: Terri Clynes/HOU/ECT@ECT, Mike E Kelly/ENRON@enronXgate, Ron
Tapscott/HOU/ECT@ECT
		 Subject: FW: term sheet template

Carlos,
I have added some language that briefly describes the unit protection
product.  Mike Kelly or the folks from Enron Global Markets will have to
approve the final language for their product.  Please note that we can,t call
this an insurance product.  Terri Clynes will be sending comments on the term
sheet later today.

 -----Original Message-----
From:  Tapscott, Ron
Sent: Friday, April 20, 2001 8:57 AM
To: Sewell, Doug; Sole, Carlos
Subject: term sheet template

Doug,

see attached term sheet for NMC (Arpin, WI site).  Please provide comments
and changes as appropriate (plus add language for your insurance product in
the place holder).

Carlos,

Doug and I will provide you background.  I am not sure if you are the
appropriate Legal Support (please direct us to the appropriate person if you
are not).

This is a starting point and is fairly general (to facilitate discussions
with NMC).

Thanks, Ron.


:)

    I thought all you non-Floridians might like to see the new crop
    of bumper stickers floating around Florida these days ...
    from those who put the "DUH" in "Floriduh"!

    FLORIDA: If you think we can't vote, wait till you see us drive.

    FLORIDA: We count more than you do.

    FLORIDA: If you don't like the way we count then take I-95 and
    visit one of  the other 56 states.

    FLORIDA: We've been Gored by the bull of politics and we're
    Bushed.

    FLORIDA: Relax, Retire, Revote.

    FLORIDA: Where your vote counts and counts and counts.

    FLORIDA: This is what you get for taking Elian away from us!

    FLORIDA: We're number one! Wait! Recount!

    Palm Beach County:  If you're nice, we'll let you vote twice.

    Palm Beach County: We put the "duh" in Florida.

    Sign on I-95 : Florida this way 2 miles , no, that way  5 miles,
    no, wait 10...

    Pro-electorate's choice: Abort the pregnant chads.

    We, the people,  have spoken. Now shut up and listen while the
         lawyers tell us what we said.

    FLORIDA: We can't vote, but you should see us handle 15 bingo
    cards!


Shirley,

Please, remind me about making arrangements for this trip later this week.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/11/2000
09:40 AM ---------------------------

"Piazze, Thomas" <piazzet@wharton.upenn.edu> on 04/05/2000 02:47:10 PM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: Test

Vince:  My schedule indicates that should be a good day to be on campus, so
let's plan for it.

Please forward to me those brief topic write-ups you promised so that I can
schedule appropriate faculty to meet with you.

Thanks.

TOM

> -----Original Message-----
> From: Vince.J.Kaminski@enron.com [SMTP:Vince.J.Kaminski@enron.com]
> Sent: Wednesday, April 05, 2000 11:08 AM
> To: piazzet@wharton.upenn.edu
> Cc: Vince.J.Kaminski@enron.com; Shirley.Crenshaw@enron.com
> Subject: RE: Test
>
>
> Tom,
>
> The conference in New York is held on  May 18 and May 19. I can visit
> Wharton
> the day before.
>
> Vince Kaminski
>
>
>
>
> "Piazze, Thomas" <piazzet@wharton.upenn.edu> on 04/05/2000 08:40:55 AM
>
> To:   "'Vince J Kaminski'" <Vince.J.Kaminski@enron.com>
> cc:
> Subject:  RE: Test
>
>
> Vince:  I enjoyed talking with you yesterday and look forward to receiving
> information relative to your visit to campus.
>
> TOM PIAZZE
>
> > -----Original Message-----
> > From:   Vince J Kaminski [SMTP:Vince.J.Kaminski@enron.com]
> > Sent:   Tuesday, April 04, 2000 4:52 PM
> > To:     piazzet@wharton.upenn.edu
> > Subject:     Test
> >
> >
> >
> > Test
> >
>
>
>


Vince,

I've been out of the office the last few days.

As we discussed Friday, Veronica and I hope you can join us, the Stocks and
the Chaneys (Craig Chaney is with EnronCredit.com) for dinner at 7:00 Friday,
April 27th.

Directions from Research and Gosling:

Go west on Research Forest

Turn left the 2nd time you cross Alden Bridge (stop sign after Kuykendall,
shopping center on right with Albertson's, Exxon).

Go approximately 1.4 miles.

Will pass park and elementary school on left.

Take next left - Noble Bend.

Turn right on the 2nd street - Freestone Place.

We are # 30 Freestone Place - the next-to-last home on the right.

Phone # 281-362-7267

Mike
x39990


----- Forwarded by Mark Taylor/HOU/ECT on 07/24/2000 07:30 PM -----

	Stuart Zisman
	07/21/2000 01:30 PM

		 To: Peter del Vecchio/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT
		 Subject: Garden State

Just a reminder that when original documents are received on this transaction
(which should be soon given that they went out Monday night), an original
incumbency certificate for Media General should be included.  This should be
delivered to Mark Taylor for his records.  Mark agreed to waive the
requirement that the certificate be delivered at closing with the
understanding that it would come promptly thereafter.

Stuart


Done.

K

Lester Rawson
03/13/2001 12:14 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Approval

Kate,

Please approve and autoschedule annuity 442260. For Sept. 30,  2000.

les


The Payment status has changed on the following report:

Status last changed by:  System
Expense Report Name: jd121101
Report Total: $217.00
Amount Due Employee: $217.00
Amount Approved: $217.00
Amount Paid: $651.00
Approval Status: Approved
Payment Status: Paid

To review this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


Title: The Shifting Environmental Strategy Landscape
URL(s):

http://www.cera.com/eprofile?u=35&m=2823;

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

In a November 27, 2001 CERA Conference Call and Web Presentation, Susan Ruth
and John Weiss discussed:

*  Measuring the Success of an Environmental Strategy

*  Evaluating Renewable Energy Investment Opportunities

*  Analyzing the Current State of Climate Change Negotiations

Please follow the above URL to view and listen to a replay of the CERA
Conference Call. When the Premiere Conferencing PlaceWare window opens, simply
enter your name and click the "View" button. A "recording key code" is not
required.

Hosted by Premiere Conferencing

**end**

E-mail Category: Conference Call Playback
CERA Knowledge Area(s): Environmental Strategy

***********************************************************************
**************************************************************************************
CERAWeek February 11-15, 2002 - http://www.cera.com/ceraweek

SPECIAL OFFER: Register on-line before November 30th, and a 2-Day Pass
will be upgraded to a 4-Day Pass (maximum $1,800 value).
Day 1: Global Oil/Refined Products;
Day 2: Natural Gas/Global Energy;
Day 3 & 4: Electric Power
**************************************************************************************

To make changes to your cera.com profile go to:
http://www.cera.com/client/updateaccount

Forgot your username and password? Go to:
http://www.cera.com/client/forgot

This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
Terms of Use: http://www.cera.com/tos
Questions/Comments: webmaster@cera.com
Copyright 2001. Cambridge Energy Research Associates


After talking with Dan, I intend to set up a meeting to provide complete matrices on licensing and utility contracts sometime early during the week beginning Dec 3.

Also, just to make sure everyone is clear, Harry, Gloria, and Rebecca are on point during the next few weeks to ensure that that EES and/or EPMI responds timely to any request for info, additional security, or other utility matters.  This, of course, will continue to require help from legal, credit, and operations.

If anyone has any other questions, please give me a call.

Thanks.

 -----Original Message-----
From: 	Leff, Dan
Sent:	Tuesday, November 20, 2001 6:08 PM
To:	Steffes, James D.; Hughes, Evan; Kingerski, Harry
Subject:	RE: Performance / Surety Bonds

when can we discuss this?

thanks

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, November 20, 2001 8:24 AM
To:	Leff, Dan; Hughes, Evan; Kingerski, Harry
Subject:	RE: Performance / Surety Bonds

Dan --

I will get with Evan and his team and pull this together.  Of course, much of the activity with Utilities is driven by their requirements and judgements (which change over time).

Jim

 -----Original Message-----
From: 	Leff, Dan
Sent:	Tuesday, November 20, 2001 8:19 AM
To:	Hughes, Evan; Steffes, James D.
Subject:	Performance / Surety Bonds

Jim / Evan -

As you are probably aware, the performance and surety bond market is difficult for us to navigate in and around in our current situation.  As an example, EFS has been shut out of getting access to new bid and performance / payments bonds for its business that requires these.  We are addressing this with the bonding companies now.  All of their existing bonds are in place and in force.

In light of this, I wanted to make sure that we are absolutely current in all aspects of all bonding requirements with UDC's and LDC's.

Please send me the most current copy of your matrix that illustrates where we have existing bonds in place, what drives the capacity requirements, status, renewal / expiration date, current payment status, etc.  I would like to make sure that we are all clear on how these work, what triggers increases / decreases in capacity, and other issues impacting our ability to continue to flow electricity and natural gas to our clients.

Thanks - Dan


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

April 13, 2001 5:00pm through April 16, 2001 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER:        SEE ORIGINAL REPORT

ENRON NORTH AMERICAN LANS:  SEE ORIGINAL REPORT

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING: No Scheduled Outages.

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:
Impact:  CORP
Time:  Sun 4/15/2001 at  4:45:00 AM thru Sun 4/15/2001 at  7:00:00 AM
Outage:  General maintenance for server dserv2
Disruption:  Total Disruption of Service
Environments Impacted:  Backup DNS Server
Purpose: General maintenance
Backout: BAck out the patches
restart server
Contact(s):  Malcolm Wells

Impact:  CORP
Time:  Sun 4/15/2001 at  5:00:00 AM thru Sun 4/15/2001 at  7:00:00 AM
Outage:  Migration off fddi and general maintenance for server reporter.  The
new IP address will be 172.16.2.166.
Disruption:  Total Disruption of Service
Environments Impacted:  UNIFY
Purpose: Corporate direction to move off fddi and general maintenance.
Backout: remove the patches and NIC entry
shutdown the server
change the DNS back to the original entry
restart the server
Contact(s):  Malcolm Wells

SITARA:    SEE ORIGINAL REPORT

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY:    SEE ORIGINAL REPORT

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:
Impact:  Unify Power
Time: Fri 4/13 at 5:00pm CST until Sat. 4/14 9:00am CST

Description: Unify Power database migration cut-over preparation activities.
Purpose: To prepare for next weekend's (4/20- 4/22) production migration of
Unify Power to MS SQL Server.
Technical Desc: Unify is undergoing a database migration for Power database
to provide a more stable environment.

Total Disruption of Service

Contact(s):
Regan Smith 713-853-9291
Brian Ripley 713-345-4709
Ramesh Rao 713-345-4207

------------------------------------------------------------------------------
-------------------------------------------------------
        FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management   (713) 853-5536
SAP/ISC
        (713) 345-4727
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
EES Help Desk     (713)853-9797 OR (888)853-9797


---------------------- Forwarded by Kayne Coulter/HOU/ECT on 11/15/2000 10:50
AM ---------------------------

"Bobette Riner" <bobette.riner@ipgdirect.com> on 11/15/2000 10:38:17 AM
To: "Jeff Maack" <jeff.maack@ipgdirect.com>, "Suzanna Strangmeier"
<suzanna.strangmeier@ipgdirect.com>, <ellen.clardy@ipgdirect.com>,
<rich.heidorn@ipgdirect.com>
cc:
Subject: The TradersNews Cinergy, Entergy and AEP indexes have been posted

Today is the last day for the discount subscription  price for our indexes.
When you subscribe, you get our historical data to date.  Contact Jeff Maack,
713/647-8802, or jeff.maack@ipgdirect.com.
?
?
To meet your needs, we are now posting the Cin and  Ent indexes each weekday
by 9:15 a.m. If you send us prices, please do  so by 6:30 a.m. each day.
?
WILL YOU PLEASE INFORM YOUR NIGHT CREW that we're  calling each night to get
deals? Some have been reluctant to divulge prices, not  realizing we've
cleared their participation through the heads of the trading  desk/hourly
desk.
?
Feel free to pass along the following (in  bold):

To: 24-hour desk crew
From: (hourly trading  manager)

TradersNews is now posting the hourly indexes each day at 9:15  a.m. CPT, to
facilitate financial swaps off the indexes. Please provide them  (Ellen
Clardy,
Suzanna Strangmeier and Bobette Riner) with prices and  volumes, as well as
the
source and sink for each hourly peak deal that  day.

They are indexing Cinergy, Entergy and AEP, and are collecting  prices to
build
historical data for TVA, ComEd and SPP. The information will  not be published
until the NEXT day, and at no time will TradersNews identify  who did what or
for
how much.

Thank you for your  cooperation.

If you or your crew have any questions (for  example, re: hub definitions),
please contact us. We thank  you!

Bobette

Bobette Riner
Senior Power Markets  Analyst
TradersNews
713/647-8690
bobette.riner@ipgdirect.com


CALENDAR ENTRY:	APPOINTMENT

Description:
	 Staff Mtg. Conference room EB4102

Date:		9/17/2001
Time:		10:30 AM - 1:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Dear Ben Rogers,

You have been invited to participate in a deal on DealBench, sponsored by
Enron for Gleason.

You are about to experience firsthand our secure platform that enables
clients to conduct their business on the web. We provide a collaborative
environment to share documents, conduct auctions, host webcasts, manage deal
information and monitor deal progress - instantly, efficiently and
effectively.

In order to be able to view the deal, you have to update your user profile
with the deal key: 9703510972813704. This will enable you to view the deal
and participate in the process.  Please also remember that this deal key is
specific to the above deal.

We are looking forward to working with you.

If you have any questions or are unable to access the system, please email us
at: Webmaster@DealBench.com or call us at: +1-713-853-9438.

We encourage your feedback on both the platform and service, either via email
or telephone.

Kind regards,

WebMaster
DealBench


John, you should have received a copy of the e-mail you sent to Jeff, which I
in turn forwarded to Greg Whalley.  To bring you up to speed - Greg Whalley
is the Chairman & CEO of Enron Net Works - EnronOnline and all IT resides in
this business unit (in some of the e-mails in the string you sent me, Jay
Fitzgerald and Jenny Rub were mentioned - they both report to Greg).  If you
don't hear from him within a reasonable amount of time, please let me know.

Hope all is well...

Regards,
Sherri


Please respond to Sivy on Stocks SIVY ON STOCKS from money.com
May 7, 2001

Higher Flyer

Top techs such as Nokia may not look cheap by traditional valuation
measures. But they may still be good buys.

By Michael Sivy

Value is a relative term. Every once in a while, you get a chance to buy
shares in a company with annual earnings growth of more than 20 percent at
a price/earnings ratio of 16 or less. But that doesn't happen very often.
Most of the time, conservative investors are lucky to find 14 percent
growth at a 16 P/E. Slightly more aggressive investors might be happy with
18 percent growers at P/Es in the low 20s. The most successful growth
stocks, however, may never fall all the way down to those cheap valuations.
But that doesn't mean you shouldn't buy them.

In fact, there are good reasons to devote at least a part of your portfolio
to those kinds of high flyers. For one thing, those companies are typically
among the world's most successful. In addition, they receive ongoing
support and sponsorship from Wall Street analysts. As long as they continue
to meet expectations, they will hold up fairly well in temporary market
downturns. And they will be among the first stocks to bounce back.

A perfect case in point looks to be Nokia [NOK]. The Finnish giant is the
most successful firm in one of the world's most rapidly growing industries.
And since 1997, Nokia's share of the global wireless-phone handset market
has risen from less than 20 percent to 35 percent, helping the company
nearly double earnings per share since 1998.

Of course, no company can increase its market share indefinitely, but there
are several factors that should help sustain Nokia's superior profit
growth. Since most everyone who would use a cell phone already has one, the
bulk of the sales of cell phones using existing technology is replacement
business. And when existing users switch phones, they tend to maintain
brand loyalty -- if they change providers at all, they migrate toward the
strongest one (say from Ericsson to Nokia, but not the other way around).
As a result, Nokia could gain another couple of market share points in
current-technology handsets.

Even more important, the company is capable of attaining a market share
topping 40 percent in the next generation of handsets -- both those that
use more sophisticated technology for voice transmission and those that
will provide paging, instant messaging, and Internet access. Overall, the
handset market is projected to grow at an annual compound rate of just
under 23 percent over the next four years. And with market share gains,
Nokia's sales should do even better.

In the past few quarters, the over-capacity problems that have plagued the
telecom industry have been hurting handset makers as well as service
providers. Not only has growth slowed -- total sales of cell phones were up
only 12 percent in the first quarter -- but the introduction of new
technology is being delayed. As a result, Nokia's earnings, up just 15
percent in the first quarter, will likely fall short of a 20 percent gain
for the year as a whole.

Once the current slump passes, however, Nokia's growth should recover to
nearly 25 percent a year. And so, despite a P/E of 40 based on estimated
earnings for the current year, the stock seems quite attractive. At $33,
Nokia is trading at just over half the level it was a year ago. And the
share price, which dipped as low as $21 a month ago, now appears to be in
an upswing. Even if the next couple of quarters show subpar results, Nokia
figures to be back among the market's brightest stars within 12 months.

###

Post your comments on Michael's column at:
http://www.money.com/depts/investing/sivy/index.html

To subscribe or unsubscribe to Sivy on Stocks, go to:
http://www.money.com/email/

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YOU DID NOT INDICATE THIS PREFERENCE AT THE TIME YOU SIGNED UP
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us know by e-mailing us at <no_transfer@money.com>.


3/14/02
10:25 am

Barbara Gilbert, my scheduling rep. at Sonat, informed me that the attorneys in Sonat's Houston office will be contacting Enron's attorneys to set up a meeting to address the PAL issue.   .

Christina Sanchez

 -----Original Message-----
From: 	Germany, Chris
Sent:	Thursday, March 14, 2002 10:08 AM
To:	McMichael Jr., Ed; Concannon, Ruth; 'Mark.Ellenberg@cwt.com'
Cc:	Parks, Joe; Garza, Maria; Mann, Kay; Olinger, Kimberly S.; Sanchez, Christina; Polsky, Phil; 'Shemin V. Proctor (E-mail)'; Dhont, Margaret
Subject:	RE: Sonat Park & Loan

3/14/02
9:50 AM Per Tammi Depaolis (832-397-1728) at Sequent.  Tammi spoke to Lisa Guthrie (205-325-3816) at Sonat to find out what flexibility Sequent would have taking out the parked gas.  Lisa said she didn't know if Enron could sell the gas.

 -----Original Message-----
From: 	McMichael Jr., Ed
Sent:	Wednesday, March 13, 2002 7:29 PM
To:	Germany, Chris; Concannon, Ruth; 'Mark.Ellenberg@cwt.com'
Cc:	Parks, Joe; Garza, Maria; Mann, Kay; Olinger, Kimberly S.; Sanchez, Christina; Polsky, Phil; 'Shemin V. Proctor (E-mail)'; Dhont, Margaret
Subject:	RE: Sonat Park & Loan

Thanks for the information.  Sell, Sell, Sell!  Sell it all to Sequent for March if you can get a good bid and have them agree to pay the moment we/they get confirmation on the nomination.  Try to get other bids to validate as best you can.  Do not talk to Sonat unless you have to - - asking permission is not advisable.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Wednesday, March 13, 2002 4:38 PM
To:	McMichael Jr., Ed; Concannon, Ruth; 'Mark.Ellenberg@cwt.com'
Cc:	Parks, Joe; Garza, Maria; Mann, Kay; Olinger, Kimberly S.; Sanchez, Christina; Polsky, Phil; Shemin V. Proctor (E-mail); Dhont, Margaret
Subject:	Sonat Park & Loan

Ruth Concannon told me we want to try and sell the parked gas on Sonat.  This is what we have found out over the last 2 days.

ENA no longer has the ability to do nominations on Sonat's scheduling Christina Sanchez (ENA Scheduler) believes that under normal conditions, we can sell the parked gas on Sonat without doing any nominations.  The party we sell the gas to would nominate the gas away from a specific PAL meter and reference our PAL contract as the upstream contract.  Today I spoke with Tammi Depaolis at Sequent - she is interested in buying the gas and she might prepay for it.  I need to know;

1.  What volume to sell, I assume we are talking about 188,949 dth on deal #1222, which means we ignore the loaned volume of 96,000 dth on deal #1424.
2.  What period do I sell the gas for?  All out by March 31st subject to the operational conditions on the pipeline?  Or base load in April?  I prefer all out by March 31st but I would like to ask the pipeline if that's ok?
3.  How many bids do I need to get?  I called Sequent because I know they are active on Sonat.
4.  This may not matter but did Sonat ever pay us for the gas ENA sold them in January 2002 (see items in red down below).

Tammi will probably check with the pipeline to see if its ok to take our gas.  I don't want to sell gas to someone then find out the pipeline will not let them take it.

All of my previous notes are shown below in blue.

Summary:  Sonat has netted our Parked Gas Balance with our Loaned Gas Balance and filed a motion with the courts to retain the remaining Parked Gas Balance, 92,949 dth per my conversation with Sonat, to offset $879,030.42 ENA owes Sonat for the purchase of gas in October 2001.  According to Sonat, the payment was due November 26, 2001 but ENA did not pay.  Sonat's motion is set to be reviewed by the court on March 6th.

2/19/02  History  - Per Dave Dyer (205-326-2007) at Sonat
ENA has 2 Park & Loan (PAL) contracts with Sonat.  All PAL's with Sonat are under master contract PAL1001.  Sonat assigns a deal number to each deal under this contract.

Deal #1424 - ENA borrowed a total of 96,000 dth from Nov 3rd-5th and has not paid this back.  ENA still owes Sonat 96,000 dth.  The terms of the deal were to payback Sonat anytime with 3 days notice on any 3 days on 2002,   SONAT ONLY CHARGED ENA $96.00 FOR THIS DEAL, because Sonat needed to get gas off the system.

Deal #1222 - ENA parked 309,192 dth in August to come out in Jan 2002.  Sonat let ENA withdraw 42,951 on 11/29/01 leaving a balance of 266,241 dth.  In Jan 2002, ENA withdrew 8,588 dth per day for the 1st-9th.  That left a balance of 188,949 dth.  On Jan 8th, 2002, Sonat sent a letter stating that Sonat will hold on to the remaining to balance to offset 1) the Loaned gas on deal #1424 (96,000 dth) and 2) to offset dollars ENA has not paid Sonat for gas Sonat sold to ENA in October 2001.  According to Sonat, the remaining balance on this deal is 92,949 dth = [309,192 parked in Aug - 42,951 w/d in Nov - 77,292 w/d in Jan - 92,000 balance on #1424].  According to Sonat's letter, Sonat has filed the appropriate motion for court approval for the offsets.  According to Dave, ENA is being billed $.00305 x daily balance in this account.  ENA should have paid some bigger amount when the gas was parked in August.

Other items;
ENA purchased system supply from Sonat in October 2001.  ENA purchased 286,998 at an average price of $3.063 = $879,030.42.  According to Sonat, ENA did not pay for this before Enron declared bankruptcy.  ENA also sold Sonat gas - 16,000 dth day at $2.885 (sitara #1172076) in January 2002 and 10,000 dth day at $2.955 in May 2002 (sitara #1172087).  ENA used 77,292 dth of the parked gas on deal #1222 to supply the 16,000 dth before Sonat stopped ENA from withdrawing from the park.  ENA defaulted on 418,708 dth of the Sonat deal in January.

Sonat's in house legal counsel is Patti Frances (205-325-7696).  I left a message for Patti to call me.

2/20/02
Patti Frances returned my call.  Patti said the motion is currently set to be reviewed by the court on March 6th.  I asked Patti if there were any penalties for not performing on the Jan 2002 sale to Sonat and if Sonat was going to pay for the 77,292 dth (8,588 dth per day for Jan 1st - 9th) that ENA did supply.  Patti said she didn't think there were penalties but she would verify that and see if they were going to pay.  I also asked her if Sonat is still honoring the ENA sale to Sonat in May 2002 and if Sonat would pay ENA if ENA performed.  She will check on it and call me back.

2/25/02
Per Kay Mann - Mark Ellenberg is the legal counsel assigned to this contract.
1:10 PM.  Left a follow-up message for Patti Frances regarding our conversation on 2/20/02.

3/11/02
Per Ruth - Mark Ellenberg wants us to try and pull the gas out of the Sonat Pal.  Christina Sanchez (ENA Scheduler) will find out 1) if we still have access to Sonat's EBB and 2) if we can nominate the gas out of the PAL's.

3/13/02
Per Christina - ENA's ID's and passwords have been cancelled.  Christina called Barbara Gilbert (205-325-7310), ENA's account rep at Sonat - Barbara said she would talk about this issue with Sonat's legal counsel and see if its ok to set up ENA with an ID.  Christina also believes we could sell the gas without doing any nominations.  The party we sell the gas to would use a specific PAL's meter and reference our PAL contract as the upstream.
3:30 PM  Tammi Depaolis (832-397-1728) at Sequent is interested in buying this gas and she might prepay to get it.  She will see if they can take the gas without ENA doing a nomination.  I need to verify the volume parked and when I want Sonat to take it out.
3:40 PM  Barbara is waiting to hear from Sonat's legal department.


What sort of phone headset do you use??  I am at the stage of getting one
and I thought I would build off your experience.

Bob


FYI.  Michelle
---------------------- Forwarded by Michelle Cash/HOU/ECT on 05/04/2000 10:25
AM ---------------------------

Mary Ann Long@ENRON COMMUNICATIONS
05/03/2000 01:56 PM
To: Mary Joyce/HR/Corp/Enron@ENRON, Mary McKendree/Corp/Enron@ENRON
cc: Marla Barnard/Enron Communications@Enron Communications, Linda
Strahm/Enron Communications@Enron Communications, Paul Trieschman/Enron
Communications@Enron Communications, Michelle Cash/HOU/ECT@ECT, Sharon
Butcher/Corp/Enron@Enron, Kriste Sullivan/Corp/Enron@Enron
Subject: Re: Employment Agreement Guidelines

I will sign off on request forms for EBS.
Thanks
Mary Ann

	Mary Joyce@ENRON
	05/03/00 01:19 PM

		 To: Michelle Cash/HOU/ECT@ECT, Sharon Butcher/Corp/Enron@ENRON, Kriste
Sullivan/Corp/Enron@ENRON
		 cc: Ray Bennett/HOU/EES@EES, Janie
Bonnard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pam Butler/HR/Corp/Enron@ENRON,
Gerry Chatham/Corp/Enron@ENRON, Scott
Gilchrist/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Jones/Corp/Enron@ENRON,
Sheila Knudsen/Corp/Enron@ENRON, Mary Ann Long/Enron Communications@Enron
Communications, Drew C Lynch/HOU/ECT@ECT, Mary McKendree/Corp/Enron@ENRON,
Cindy Olson/Corp/Enron@ENRON, David Oxley/HOU/ECT@ECT, Miguel
Padron/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gwendolyn
Petteway/HR/Corp/Enron@ENRON, Courtney Rath/HR/Corp/Enron@ENRON, Kimberly
Rizzi/HOU/ECT@ECT, Dave Schafer/OTS/Enron@ENRON, Ranendra
Sengupta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gary P Smith/OTS/Enron@ENRON
		 Subject: Employment Agreement Guidelines

Effective May 8, the guidelines outlined in our April 14th training session
will be officially implemented.  This means that employment agreements for
VPs and above are not to be generated unless you have received a completed
and approved request form.  Each business unit should call Mary McKendree
(713-345-8085)  for the form and we will fax or hand deliver it to them.  The
form must  be signed by the appropriate HR personnel for the business unit
(names to be provided to Mary McKendree by each business unit) and then
returned to Mary McKendree.  The form will be initialed by someone in
Executive Compensation (Mary McKendree, Mary Joyce, or Pam Butler) and
delivered to you for generating drafts.  Please do not distribute a draft to
anyone without a signed and initialed request form.

Also, as discussed, requests for signing bonuses, retention bonuses, up-front
grants by number of options rather than value, and guaranteed LTI awards are
exceptions to the rules that the business units will need to justify before
they will be approved.  Please do not make changes to these items or add any
provisions to the standard short form without contacting Executive
Compensation.

These procedures have been implemented at the request of the Office of the
Chairman.  Consistent application of compensation standards and attention to
the One Enron goal are key to our success.

Please pass this memo on to others who are impacted by this implementation.
Sheila, would you please ensure that all Compensation Staff receive this?


?Register Today & Golf Free!

The LDC Forum d Winter of 2001
April 19-20, 2001 - Boston, Massachusetts

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Adequacy of Northeast Supply --- E-commerce --- Power Generation --- New
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April 19-20, 2001 Boston, Massachusetts

Contact Person: Jerry Ribnick, Interchange Energy Group 763-545-1515

If you prefer to not receive future e-mails regarding The LDC Forums, please
REPLY to this message with REMOVE in the subject field.

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Dear Shawn,

It is unfortunate Tom did not bring up these points when the three of us
discussed this on Monday.  I am unclear as to whether the work AA was
planning to do on power is for their internal or external purposes as when
asked directly Jennifer Stevenson said that it was for both audits (which, as
you know, is frowned upon by the SEC).

In fact, Stacey was not part of the Doorstep team.  Additionally Risk
Operations (myself) did not set up or perform the deal test.  Instead, this
test was set up by AA and performed by members of RAC.  This can be
considered a internal audit for AA's purposes.

Although it seemed that we had an agreement on Monday, it now looks as if
you, Tom and I need to meet again and establish some additional ground rules
in order to eliminate duplication of work.

Regards

Shona

Shawn Kilchrist
09/27/2000 05:49 PM
To: Shona Wilson/NA/Enron@Enron, Michael E Moscoso/HOU/ECT@ECT
cc:

Subject: Door step

Please see below from Tom.  It may be that they will not be able to rely on
the work because this group is not independent and objective as an internal
audit group should be by design.

I will keep you posted on anything I hear.

SK

---------------------- Forwarded by Shawn Kilchrist/NA/Enron on 09/27/2000
05:46 PM ---------------------------

Tom Bauer
09/26/2000 03:15 PM
Sent by: Sabrina Whaley
To: Shawn Kilchrist/NA/Enron@Enron
cc:

Subject: Selected Observations

I am fordwarding to you the list of items we recently discussed in our Trading
status meeting. This list was compiled specifically for that meeting to
illustrate some representative  findings and observations. It is not a
comprehensive summary. Please review the database for all findings related to
our controls testing.

Also please advise who will be doing the Doorstep procedures on the West
Desk. I
envisioned from our recent phone call that it would be conducted as an
internal
audit function and I could incorporate it into my work on the external audit
as
such. I am hearing that the team will include Enron employees such as Stacey
White.  If so, I would not view the work in the same fashion as if done by
people in your group or other independent group. Let's discuss.

(See attached file: Cmpltnss&AccrcyJS.doc)

 - Cmpltnss&AccrcyJS.doc


Please see the attached revised GISB for your review and execution.  If in
agreement, please print out two originals, have both signed and send same to
my attention for final signature.  Finally, we are sending you a confirm
today as well.

Please let me know if you have any questions.

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


Yannis,

I have looked at the outline of the proposed course and
find that practically all the topics of the program are the
staple of what we do every day. I don't think Research  should spend
money for this class.

If we want to establish a relationship, we can easily do it
by asking him to work on a research project.

Vince


jmf
---------------------- Forwarded by John M Forney/HOU/ECT on 11/29/2000 05:53
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Darosa, Maria" <MDarosa@caiso.com>
11/29/2000 03:22 PM

To: Market Status <MarketStatus@caiso.com>, PX Realtime <pxrt@calpx.com>
cc: Cheri Pryor <CPryor@caiso.com>, Myrna Neeley <MNeeley@caiso.com>,
"SECURITY COORDINATOR (E-mail)" <rmrsecur@warmr.net>, "SECURITY COORDINATOR
(E-mail)" <WSCCNWSC@BPA.GOV>
Subject: "Total Transfer Capabilities"

Attached are the Total Transfer Capabilities (TTC's) for December 1, 2000

   <<TTC 12-1-00.PDF>>

The attached Outage information is reliable at time of posting.  The
attached Outage information is subject to change without notice.

Maria DaRosa
Administrative Assistant
Scheduling
California Independent System Operator
916/351-4457

 - TTC 12-1-00.PDF


thx buddy

 -----Original Message-----
From: 	"Steven Gillespie" <sgillesp@sequentenergy.com>@ENRON
Sent:	Thursday, March 14, 2002 4:06 PM
To:	Germany, Chris
Subject:	Re: Resume

Chris,

My friend at Reliant (Karen Wheatley) has your resume.....

sg

>>> "Germany, Chris" <Chris.Germany@enron.com> 03/13/02 03:25PM >>>
Thanks for your help.

Chris

 <<chris_resume.doc>>

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


Jeff and Mike,

Please let me know if you would like to call-in so that I can obtain the
necessary information for you guys.  Thanks.

Lara
----- Forwarded by Lara Leibman/Enron Communications on 10/31/00 10:21 AM
-----

	Wayne Gardner
	10/30/00 06:59 PM

		 To: Phillip D Lord/LON/ECT@ECT, Robbi Rossi/Enron Communications@Enron
Communications, Donald Lassere/Enron Communications@Enron Communications, Sue
Nord/NA/Enron@ENRON, Lara Leibman/Enron Communications@Enron Communications,
Michelle Hicks/Enron Communications@Enron Communications, Richard
Anderson/Enron Communications@Enron Communications, Rajen Shah/LON/ECT@ECT
		 cc: James Ginty/Enron Communications@Enron Communications
		 Subject:

Proposed Agenda for Tax, Accounting, Regulatory and Legal Meeting scheduled
for 11/2/00 at 0830 in EB 4434

Present the basic structural issue (see attached power point presentation) -
WWG
Get input from accounting and legal regarding the issue - Rossi, Christensen,
Lord (by telephone)
Discuss feasible alternatives for resolving the issue - Group
Determine steps needed to make a recommendation as to structure (including
persons responsible) - Group
Determine format and timing for presenting recommended structure to traders -
Group

The attachment is the presentation I made to the regulatory group in
Vancouver that, among other things, sets forth the issue to be discussed.
Please feel free to contact me before the meeting with any questions you may
have or any items you would like to add or change in the agenda.

W. Wayne Gardner
Enron Broadband Services
1400 Smith Street
Houston, TX  77002-7361
Phone:  713 853 3547
Fax:  713 646 2532