Today's hearing was dominated by :
1) many lawyers arguing over whether the Commission must declare that the
"rate freeze" is over before raising rates, or whether the Commission can
rely on its general constitutional and statutory authority to raise rates on
an interim basis, without addressing the issue of the rate freeze, and,
1) an appearance by Ralph Nader.

The Legal Issue
In general, our proposal seems to have gotten some traction.  Whether it
sticks remains to be seen, however.  We proposed that:

The Commission has the authority to raise rates without addressing the rate
freeze issue.
The Commission will not have the facts it needs, and it won't have  provided
the due process necessary by Jan 4th, to address all the complex issues tied
to the rate freeze.  And if it tries, it's likely to face a flurry of law
suits, which is in no one's best interest.
For it's Jan 4th decision, the Commission should confine itself to
determining whether, and if so by how much, to raise rates to maintain the
utilities' access to capital markets. (We've taken no position on whether
there's a need to raise rates.)
setting a hearing schedule to examine the "rate freeze" and all related
issues thoroughly and methodically.

The utilities argued that the Commission must declare an end to the rate
freeze; otherwise any Commission decision to raise rates would be easy to
attack in the courts.  (In reality, the utilities want the Commission to end
the rate freeze in order to assure lenders that the Commission will permit
the utilities to recover going-forward procurement costs.  Under the rate
freeze, the utility is at risk for procurement costs that exceed the rate
freeze.)

In his presentation, our outside counsel offered numerous citations to past
Commission decision and court cases supporting the Commission's ability to
raise rates if it found it necessary to do so.  Many other parties agreed
with our position.  A few parties said that the issue was too murky to make a
call.  During questioning, both the President of the Commission (Loretta
Lynch) and the presiding judge seemed to indicate that they believe the
Commission has ample authority to raise rates without having to address the
rate freeze issues.

The Ralph Factor
Apparently, having lost the Presidential election, Ralph Nader's still
looking for work.  He showed up at the hearings today and held a very lengthy
news conference.  From what I could hear, he targeted all of his criticism at
the utilities for being greedy, and at the Governor for being too ready and
willing to bail the utilities out.  Even when thrown some soft balls about
"out of state generators," Nader stuck to bashing the Governor and the
utilities.  But I couldn't hear the entire press conference, so he may have
said things that I missed.

The Next Steps
The hearings that were scheduled to end today will now go into next week.
Tomorrow, the utilities are scheduled to make their case for financial
hardship.  Customers intend to question the utilities very aggressively (as
does the PUC).  The utilities will also have the chance to question the
consumer representatives who filed their own proposals and analysis with the
Commission.
On Tuesday, the Commission is likely to take up the issue of how big any rate
increase needs to be and how much of the increase each customer group should
shoulder.

More tomorrow on the call.

Best,
Jeff

	Jeff Dasovich
	Sent by: Jeff Dasovich
	12/27/2000 08:57 PM

		 To: Roger Yang/SFO/EES@EES, skean@enron.com, Richard Shapiro/NA/Enron, James
D Steffes/NA/Enron, Paul Kaufman/PDX/ECT, Sandra McCubbin/NA/Enron, Susan J
Mara/NA/Enron, mpalmer@enron.com, Karen Denne/Corp/Enron, Joe
Hartsoe/Corp/Enron, Sarah Novosel/Corp/Enron, Alan Comnes/PDX/ECT, Harry
Kingerski/NA/Enron, Tim Belden/HOU/ECT, Frank W Vickers/HOU/ECT, Robert
Badeer/HOU/ECT, Chris H Foster/HOU/ECT
		 cc: Beverly Aden/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Christina Liscano/HOU/EES@EES,
Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, Dennis
Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy Youngblood/HOU/ECT@ECT,
Edward Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika
Dupre/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Gayle W
Muench/HOU/EES@EES, Ginger Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES,
Harold G Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris
Waser/HOU/EES@EES, James W Lewis/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES,
Jess Hewitt/HOU/EES@EES, Kathy Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES,
Ken Gustafson/HOU/EES@EES, Kevin Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES,
Leticia Botello/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Marsha
Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Meredith M Eggleston/HOU/EES@EES,
Mike M Smith/HOU/EES@EES, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES,
Paula Warren/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Rita
Hennessy/NA/Enron@ENRON, Rosalinda Tijerina/HOU/EES@EES, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES, Tanya
Leslie/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri
Greenlee/NA/Enron@ENRON, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT
		 Subject: Update--Day 1 of California PUC Hearings

Thanks Roger.  Here are the highlights of today's hearings:

 Common themes--many tracked ours pretty closely
Not a question of whether rates need to rise, but by how much.
Though some oppose any and all rate increases, the lion's share acknowledged
that the utilities have a cash flow problem and the a rate increase is
necessary.
Due process matters.
If the Commission is thinking about going as far as ending rate freezes and
increasing rates, it better provide for ample due process, or countless law
suits will ensue.
Don't jump the gun.
A rate increase is likely, but only the utilities benefit from adoption of
the utilities' proposals. The Commission needs to carefully scrutinize the
utilities' claims and take a careful look at the level of increase required
to maintain access to capital markets.  However, as expected, the utilities
implored the Commission to jump the gun immediately.  The utilities want the
Commission to declare an end to the rate freeze and raise rates on Jan.4.
No more divestiture.
The utility should keep the generating assets it retained, but the Commission
should ensure that the assets' benefits are allocated equally among all
customers.  One legislator recommended that the State buy the utilities'
hydro assets, which would give the utilities the cash they need and give the
state control over some generation.
Treat all customers equally and fairly.
The Commission should not create two classes of customers (e.g., large v.
small; direct access v. bundled).  No customer group should be sacrificied to
save another.
Be as narrow as possible/do as little harm as possible
The immediate problem is the utility's cash/credit crunch.  As such, the
Commission should do only enough to solve this very specific, immediate
problem.  A modest rate increase is all that's required and the Commission
should do no more.

At the beginning and the end of the hearing, the President of the Commission
asked parties to be prepared (at tomorrow's hearing) to discuss whether the
Commission could legally use its other, broad powers to raise rates without
declaring an end to the rate freeze.  It seems that she seems some benefit in
raising rates, but leaving AB 1890 otherwise intact untill the Commission can

Marketers and generators are to blame for the problem
Though not universally embraced, the theme came up repeatedly.

A few parties (e.g., the Unions, low income consumer groups, one PUC
commissioner) called for complete re-regulation of the industry, returning
the utilities to vertically integrated monopolies.  But they were the
exception rather than the rule at today's hearing.

2. Next steps
There hearings were scheduled to end on Thursay, but now will continue
through Friday.
Tomorrow, lawyers will provide "oral" arguments on whether the Commission
must end the rate freeze in order to increase rates.  We will argue that it
does not have to, and should not, go through the complex and controversial
exercise of determing whether the rate freeze is over between now and
01.04.01.  We will argue that the Commission has the authority to raise rates
without ending the rate freeze, and if it decides to raise rates, it should
do so while keeping AB 1890's basic structure in place until a full and fair
hearing of the issues is completed.   We are talking to other stakeholders to
persuade them to take the same approach.  In terms of legal arguments, this
is clearly a long shot, but one that seems worth taking.
After the oral argument, the utilities will present their rate proposals and
"all interested persons" will have the opportunity to cross-examine the
utilities (in short, tomorrow will also be a zoo).
When asked what the process will be for issuing a proposed decision and
providing comments, the President of the Commission responded "we don't know,
it's evolving."  In other words, the Commission is doing a poor job of
ensuring that their Jan 4 decision is "appeal-proof."
Keep in mind that the situation remains extremely fluid and the trend is
still toward ending the rate freeze on Jan. 4th.  We continue to aggressively
offer alternatives to that possibility and continue to try to bring other
stakeholders to our side.
We're doing everything necessary to preserve our appeal rights.

We can discuss further on the 10 AM (CST) call tomorrow.

Best,
Jeff

	Roger Yang@EES
	12/27/2000 05:43 PM

		 To: Leticia Botello/HOU/EES@EES
		 cc: Ted Murphy/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, James W
Lewis/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Don Black/HOU/EES@EES, Tony
Spruiell/HOU/EES@EES, Mike M Smith/HOU/EES@EES, Meredith M
Eggleston/HOU/EES@EES, Neil Hong/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Eric
Melvin/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Gayle W Muench/HOU/EES@EES,
Gordon Savage/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Ken
Gustafson/HOU/EES@EES, Edward Sacks/Corp/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Vicki
Sharp/HOU/EES@EES, Kevin Hughes/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES,
Harold G Buchanan/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Kathy
Bass/HOU/EES@EES, Rosalinda Tijerina/HOU/EES@EES, Debora
Whitehead/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Christina
Liscano/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Erika Dupre/HOU/EES@EES, Rita
Hennessy/NA/Enron@Enron, Brenda Barreda/HOU/EES@EES, Marsha
Suggs/HOU/EES@EES, Carol Moffett/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Cathy
Corbin/HOU/EES@EES, Sharon Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Tanya
Leslie/HOU/EES@EES, Paula Warren/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Ginger
Dernehl/NA/Enron@Enron, Dorothy Youngblood/HOU/ECT@ECT, Terri
Greenlee/NA/Enron@ENRON, Fran Deltoro/HOU/EES@EES, Iris Waser/HOU/EES@EES
		 Subject: Re: Reminder - Level Setting Mtg-California Markets Focus Group
EB2868

Got an update from Jeff Dasovich.  No earth shattering news.  Comments have
been all over the place.  The impression is being made by differing parties
that the issues are very complex and would inevitably result in endless
lawsuits.  Possible conclusion by the CPUC may be to invoke emergency powers
to implement an emergency surcharge and avoid addressing the issue of when
the rate freeze ends in these hearings.  However, this is just speculation.
Jeff will return to the office by 5:00 pm PST and will send out a summary of
today's hearings.

Roger

Leticia Botello
12/27/2000 06:57 AM
To: Ted Murphy/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, James W
Lewis/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Don Black/HOU/EES@EES, Tony
Spruiell/HOU/EES@EES, Mike M Smith/HOU/EES@EES, Meredith M
Eggleston/HOU/EES@EES, Neil Hong/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Eric
Melvin/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Gayle W Muench/HOU/EES@EES,
Gordon Savage/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Ken
Gustafson/HOU/EES@EES, Edward Sacks/Corp/Enron@Enron, Roger Yang/SFO/EES@EES,
Richard Shapiro/NA/Enron@Enron
cc: Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Kevin Hughes/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Kathy Bass/HOU/EES@EES,
Rosalinda Tijerina/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, Leasa
Lopez/HOU/EES@EES, Christina Liscano/HOU/EES@EES, Tasha Lair/HOU/EES@EES,
Erika Dupre/HOU/EES@EES, Rita Hennessy/NA/Enron@Enron, Brenda
Barreda/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Carol Moffett/HOU/EES@EES,
Kathy Dodgen/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
Beverly Aden/HOU/EES@EES, Tanya Leslie/HOU/EES@EES, Paula Warren/HOU/EES@EES,
Wanda Curry/HOU/EES@EES, Ginger Dernehl/NA/Enron@Enron, Dorothy
Youngblood/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Fran
Deltoro/HOU/EES@EES, Iris Waser/HOU/EES@EES
Subject: Reminder - Level Setting Mtg-California Markets Focus Group EB2868

12/27/00

Time    Location Call In #  Pass Code

10:00 Central Standard Time  EB 2868  1-800-713-8600  80435

This is a recurring daily meeting until further notice  (this invitation will
schedule your calendar through 1/31/01).

Time, Call In #, and Pass Code are the same for all meetings.  Conference
room location will be changed as soon as possible to better accommodate the
participants.

Note:  Optional Invitees FYI Only

Please call me if you have any questions

Leticia

x-58752


Yes.  Also, outside legal usually increases over the last 4 months of the
year.  Mark


Sara:  I don't recall whether or replied or not.  Wednesday or Thursday of this week fine with me.  Next week is failry open.

Lynn

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Tuesday, January 08, 2002 3:12 PM
To:	Aven, Lynn
Subject:	lunch?

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


You have received this email because the requester specified you as their Manager's alternate. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000082135&Page=Approval to review and act upon this request.

Request ID          : 000000000082135
Approver            : frank.vickers@enron.com
Request Create Date : 2/1/02 9:38:13 AM
Requested For       : craig.taylor@enron.com
Resource Name       : Market Data Kobra Equity
Resource Type       : Applications


here'[s the second installment.  Thanks DF

---------------------- Forwarded by Drew Fossum/ET&S/Enron on 05/08/2000
09:33 AM ---------------------------

Shelley Corman
05/05/2000 04:17 PM
To: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Jack
Boatman/FGT/Enron@ENRON, Rachel Cady/FGT/Enron@ENRON, Dave
Neubauer/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON
cc:

Subject: Draft May 9 Project Why Presentation

FYI.  Attached is a copy of the Project Why status presentation that will be
made next week at Stan's May 9 staff meeting.  The purpose of the
presentation was to present a list of brainstorming ideas from an Apr. 16
offsite session to GPG management & get some preliminary feedback on the
kinds of ideas they would like to see proceed.  It was never meant to be a
definitive plan for implementing those ideas.  I always envisioned the
individual commercial groups picking up on which ideas they liked and wanted
to implement & developing their own detailed plans for implementing.
---------------------- Forwarded by Shelley Corman/ET&S/Enron on 05/05/2000
04:10 PM ---------------------------

Shelley Corman
05/05/2000 04:10 PM
To: Scott Coburn/NPNG/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Steve
Hotte/Corp/Enron@ENRON, Steven January/ET&S/Enron@ENRON, Lynn
Blair/ET&S/Enron@ENRON, Sheila Nacey/ET&S/Enron@ENRON, Bob M
Hall/FGT/Enron@ENRON, Donna Scott/FGT/Enron@ENRON, Dana
Jones/ET&S/Enron@ENRON, Rick Dietz/ET&S/Enron@ENRON, Tina
Dunnaway/FGT/Enron@ENRON, Richard Shepherd/NPNG/Enron@ENRON, Dan
Fancler/ET&S/Enron@ENRON, Steve Gilbert/ET&S/Enron@ENRON, John
Freeman/NPNG/Enron@ENRON, Shahnaz Lakho/FGT/Enron@ENRON, Donna
Scott/FGT/Enron@ENRON, Ray Neppl/NPNG/Enron@ENRON, Bob
Martinez/ET&S/Enron@ENRON, Kimberly Watson/ET&S/Enron@ENRON, Jo
Williams/ET&S/Enron@ENRON, Tamara Hopkins/ET&S/Enron@ENRON, Caroline
Barnes/FGT/Enron@ENRON, Tony Pryor/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Maria Pavlou/ET&S/Enron@ENRON
cc: Ricki Winters/ET&S/Enron@Enron, Ruth Mann/ET&S/Enron@ENRON

Subject: Draft May 9 Project Why Presentation

Attached is a current draft of the Project Why Presentation.

The first set of slides includes the overview, an explanation that the
presentation focueses in on only a few of the ideas, the electronic
contracting presentation, the team 2 real time invoice vision, and team 3's
auction thoughts.

Next in the package would be team 3's knowledge call center concept

Last but not least would be the Team 4 Internet/Intranet concept


Attached is a revised version of the Posting Agreement.  Unfortunately, the
redline against the version sent to us by S&C shows practically the entire
agreement as brand new text (instead of showing changes to the old text), so
it will not be particularly helpful to review a redline.

The changes to S&C's draft are extensive, but most changes are added
definitions, termination rights, representations and warranties, and the like
-- the provisions regarding how the platforms work together and how contracts
are entered into are essentially the same.

Let me know how you want to proceed with your review of this draft -- I'm
happy to discuss it with you before your review if you want..

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


Are you being a baby?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Please click on the link below

SAVE THE DATE


By letter dated 3/9/00, Tembec Inc. has requested the transfer of "Contract
No. EJ7774.1" dated 3/23/98 to the National Bank of Canada pursuant to
Section 7 of the ISDA Master, to be effective April 1, 2000, but with Q1
payment to be made to Tembec.  We do have a master with the National Bank of
Canada.  Please let us know if this transfer is approved.  SS


This place amazes me!  Thanks for  your help.  I have no patience for it.

We went to Michael's school conference today.  His teacher raved about how
everyone just loves Michael. He is so sweet.  He is staying with my folks
this week, and the 3 of us miss him so badly.  I can't wait for him to come
home.  Neil is going to meet my folks and Michael in Palacios this Friday,
and spend the weekend there, bringing him home on Sunday.  I've got to take
Roscoe for his last mange shot, so I'm staying.  Plus, I spent last weekend
with my folks, and too much exposure doesn't work for us.  I hope to  PURGE
the house of all the junk I have.  I hope it is raining, because  that is
great cleaning weather.  I want to see bare space in my closet.  I think I'll
call the Women's Center and see what type of stuff they need.

I'm planning on taking next Thursday and Friday off.  Next Thursday is
Paige's 21st birthday, so we have great plans.  Do you know anywhere that can
enlarge a photo and mount it on a board?

I still get a bill for the card they used previously for my phone.  Go figure.

I need to send off my Tx tax and bar dues today.  I'll want to fed ex, just
in case you are sending anyone else's today.

Thanks,

Kay

From: Suzanne Adams@ECT on 05/31/2001 09:12 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Yes, they are deducting for parking

Let me see what I can do.  I can't believe you haven't gotten any kind of
notice.

I still need your credit card information for the phone bill.

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

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

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

Thanks,

Kay


Sally:? I am refiguring this meeting...I have tried three  places and can not
find a person willing to speak to us about car maintenance,  so I checked
notes...you were correct, Pam Martins dad and Emily U. dad were  both
volunteered by their wives, I will check them out this evening.? I  have call
into Bob Lindsay, policeman and NCL dad, about safety.. we will  see.? I
thought I might try to get some brief info from Ann YOung on  Applause
Theatre, our new phil.? On nominations, there were a couple of  girls who did
not complete info sheets last time, I will call them  tonight.? Also, I can
check with the three on nominations and see when they  are available, will
let you know.? If you don't mind having regular  ticktocker meeting at your
house, that would be great.? If all else fails,  Sarah Marshall (yes, that is
right) probably knows more about car care than  anyone I know...the girls
call her if their car doesn't start.? Her theory  is that the first thing is
to turn down the_______ radio as you are backing out  the drive, so you can
hear your car...pretty basic.?
Summary:? Can we do TT meeting at your house?? I  will email agenda for that
meeting to you.? I will have Abi check with  girls about nominations and let
you know when they can meet...we will go from  there.? Is this okay with
you.? This is the meeting I thought we might  dd Dad/ dtr but too close, so
we better come up with another idea....dance  lesson, maybe...think Megan
suggested that.?
?
Have a good trip. Linda


----- Forwarded by Gerald Nemec/HOU/ECT on 06/02/2001 05:15 PM -----

	"Gillaspie, Eric" <EGillaspie@coral-energy.com>
	05/30/2001 08:53 AM

		 To: "Jennifer Gillaspie (E-mail)" <jennifer-gillaspie@reliantenergy.com>,
"Gerald Nemec (E-mail)" <gerald.nemec@enron.com>, "Jeff Gillaspie (E-mail)"
<Jgillaspieci3@netzero.net>, "Rodger Gilllaspie (E-mail)"
<Rodger.Gillaspie@ia.ngb.army.mil>, "Sandra Gillaspie (E-mail)"
<gillassa@fairfield.k12.ia.us>
		 cc:
		 Subject: FW: Trip Details

FYI, a message from Jon

Eric Gillaspie
Counsel
Shell Trading Gas and Power Company
Tel. 713-230-3576
Fax 713-265-3576
2HC 1036

-----Original Message-----
From: jonathan gillaspie [mailto:jongill78@hotmail.com]
Sent: Tuesday, May 29, 2001 8:46 PM
To: Gillaspie, Eric
Subject: RE: Trip Details

Eric:

Am in the process of arranging your Shanghai leg of the journey. Will set up

a package that allows you to choose meals. I think you should have a little
guidance in your explorations of the Shanghai area. Shanghai is a friggin
mad-house (16 million people) and if you ain't got the language skills
they will bend you over a rickshaw and ride you like a poodle. So- let me
set up your hotel and sightseeing for you. You can break loose from the
"tour group" vibe later in Qingdao. Keep in mind that you'll be in a
relatively small group (ie. it won't be a Greyhound bus packed full of
gawking blue-hairs). I'll send full Shanghai details when the biz is
finished later today...

In regards to the Beijing leg, we altered the itinerary to suit our needs.
We knocked out the bullshit and kept the bliss nuggets. You should have a
traditional Beijing roast duck dinner (it rocks!) and you should experience
Beijing Opera at least once in your life. We'll see the Beijing Opera in a
famous Beijing teahouse while sucking tea and brews and nibbling on pickled
chicken feet and other assorted delicacies. We knocked out the full two-hour

Beijing Opera performance that would have been later in the week. We'll be
staying in a Wangfujing hotel. Wangfujing is the trendy shopping street in
downtown Beijing; should make the wives happy. It'll be $70 USD/night.

Will send full Beijing details when we've finished the haggling and cheating

rituals that make life so wonderful in the middle kingdom.

Take care, guyeee.

Love,

Jon

>From: "Gillaspie, Eric" <EGillaspie@coral-energy.com>
>To: "'jonathan gillaspie'" <jongill78@hotmail.com>
>CC: "Jeff Gillaspie (E-mail)" <Jgillaspieci3@netzero.net>
>Subject: RE: Trip Details
>Date: Tue, 29 May 2001 10:15:28 -0500
>
>As far as a Shanghai tour package, my vote would be to have you set-up our
>hotel and some sightseeing possibilities, but maybe not have it as a "tour
>package", i.e. everything including our restaurants, etc. being planned for
>us...., but to be honest I got no freakin' clue what would be best so I
>trust your reasoned judgment.

>what's the scoop on the Beijing Opera?
>
>Eric Gillaspie
>Counsel
>Shell Trading Gas and Power Company
>Tel. 713-230-3576
>Fax 713-265-3576
>2HC 1036
>


Monika,

I understand from Tammi that you can register without approval.  As EIM is currently not approving budget for classes, you will need to have the analyst pool support you for this.

Karen

-----Original Message-----
From: Causholli, Monika
Sent: Monday, November 19, 2001 2:36 PM
To: Carter, Karen E.
Subject: RE: Class

I think so. They don't register you until the person in charge approves it.

-----Original Message-----
From: Carter, Karen E.
Sent: Monday, November 19, 2001 2:32 PM
To: Causholli, Monika
Subject: RE: Class

Monika,

Was this already approved by Andrea?

Karen

-----Original Message-----
From: Causholli, Monika
Sent: Monday, November 19, 2001 1:44 PM
To: Carter, Karen E.
Subject: Class

Karen,

I will be in a class on Nov 27-28. The class in on "Understanding Options". Let me know if this is OK with you.

Thanks,
Monika
-----Original Message-----
From: ISC Registrar
Sent: Monday, November 19, 2001 1:02 PM
To: Causholli, Monika
Subject: Your enrollment status has been modified.

Dear MONIKA,

Your enrollment status has been changed from 'Wait Listed' to
'Enrolled' for the following course:

Course Title    : Understanding Options
Course Code     : UOPTNS-112701
Course Type     : Instructor Led Course

Starting Date   : Nov 27, 2001 8:00 AM
Ending Date     : Nov 28, 2001 5:00 PM

Thank you.


Lisa-- this looks fine to me but you have a better feel for what you want. I
would keep a close eye on the bill( perhaps a maximum amount Millbank can
bill)
----- Forwarded by Richard B Sanders/HOU/ECT on 10/29/2000 09:16 AM -----

	SHoward@milbank.com
	10/26/2000 06:48 PM

		 To: RTellis@milbank.com, SJackson@milbank.com
		 cc: lmellen@ect.enron.com, Richard.B.Sanders@enron.com,
richard.smith@linklaters.com, TKreller@milbank.com
		 Subject: Project Re ECT Claim in NSM Bankruptcy in Thailand

Attached is a memorandum outlining my understanding of the project that we
have been asked to take on by Lisa Mellencamp and Linklaters.

Lisa and Richard, I would very much appreciate your reviewing the attached
memorandum and giving me your comments.? I want to make sure we are on the
right track.

 <<3__KX01!.doc>>

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

 - 3__KX01!.doc


> -----Original Message-----
> From: Garten, Jeffrey
> Sent: Monday, November 06, 2000 12:55 PM
> To: 'Len@shv.com'
> Subject: FW: Panel on Valuation
>
>
>
> -----Original Message-----
> From: Garten, Jeffrey
> Sent: Monday, November 06, 2000 12:48 PM
> To: 'Len@shv.com'; 'jdoerr@kpcb.com'; 'robg@real.com';
> 'larry_kanarek@mckinsey.com'; 'HHK@sprintmail.com';
> 'kenneth.lay@enron.com'; 'blev@stern.nyu.edu'; 'jbneff@wellmanage.com';
> 'nperetsman@allenco.com'; 'hadlow@blackstone.com';
> 'carlsonl@blackstone.com'; 'depowell@cisco.com';
> 'David.L.Shedlarz@pfizer.com'; 'rick.sherlund@gs.com';
> 'jstiglitz@brookings.edu'; 'Hal@sims.berkeley.edu'
> Cc: 'tim_koller@mckinsey.com''; 'avalles@kpcb.com'; 'Lliming@real.com';
> 'jeanne_giles@mckinsey.com'; 'rosalee.fleming@enron.com';
> 'kboles@allenco.com'; 'dryan@cisco.com'; 'jfielding@gs.com';
> 'tmerkle@brook.edu'; 'lucy@sims.berkeley.edu';
> 'carolyn_hubbard@mckinsey.com'; Petersen, Valerie
> Subject: Panel on Valuation
>
> Since the overwhelming majority of you can participate in a conference
> call on Monday November 20 at 5 p.m. EST, we suggest locking that in now.
> So please put it on your schedule.
>
> The dial-in number will be:  1-888-622-5357; participant code 550894.
>
> I will only need your comments in advance if you cannot attend the
> teleconference on the 20th.  If you cannot attend, please contact Valerie
> Petersen at 203-432-6035 to set up a time for a pre-conference call
> between the two of us.  You may also get your comments to me in writing.
>
> Best,
> Jeff


Zimin,

Can you call Cantekin to discuss the details?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/19/2000
08:44 AM ---------------------------

Vince J Kaminski
09/18/2000 05:50 PM
To: <cantekin@mail.utexas.edu>
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: part-time work

Cantekin,

I shall call you tomorrow to discuss the details.

Vince

"Cantekin Dincerler" <cantekin@mail.utexas.edu> on 09/18/2000 02:59:41 PM
Please respond to <cantekin@mail.utexas.edu>
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: part-time work

Hi Vince,

I promised to get back to you on the part-time work issue. Sorry for the
delay, I got back to Austin only last week. I talked to Ehud about this and
he is OK with it. Just wanted to let you know.

Best,

 ---------oOOo-----oOOo----------
Cantekin Dincerler

Doctoral Candidate
The University of Texas at Austin
Graduate School of Business
Department of Finance
office: (512) 471-1676
fax   : (512) 471-5073
home  : (512) 472-5356
cell  : (512) 680-5355
http://uts.cc.utexas.edu/~cantekin
 -------------oooO-----Oooo----------


I suggest you insert "with respect to the Transactions" after the word
"Counterparty" in the second line of paragraph 1.  Otherwise they look great
to me.

	Enron Capital & Trade Resources
	Canada Corp.

	From:  Peter Keohane                           11/25/99 05:01 PM

Sent by: Nella Cappelletto
To: Morris Richard Clark/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
cc: John J Lavorato/CAL/ECT@ECT, Geri Greenall/CAL/ECT@ECT, William S
Bradford/HOU/ECT@ECT
Subject: Project Maple Leaf

PRIVILEGED AND CONFIDENTIAL
SOLICITOR-CLIENT COMMUNICATION

Attached are:

1. the revised Termination Agreement with BMO; and
2. the draft Termination Agreement with Banque Paribas.

With respect to the BMO Termination Agreement once the deal is finalized, I
only require:

1. the Agreement date;
2. the Effective Date;
3.  the payment amount; and
4. the payment date.

With respect to the Paribas Termination Agreement, I will need the same
information, as well as to confirm the date of the ISDA Master and deal
identification numbers/legs and to obtain copies of the Confirmation
Letters.  I will try to track down this ancillary information today, but I
realize it is U.S. Thanksgiving.  Otherwise, I will follow-up Monday morning.

Regards, Peter


John Arnold has a few qquestions about the updates that were/are being made
to stack manager.  I could not remember from our conversation a few days ago
if the changes were implemented yet. please could you give myself or John a
call sometime this morning

Pete 3x7277

John 3x3230


Mark,  Attached is the confirm with my revisions.


The drafts for Master Physical Agreements have been completed, and await
Stacy's review.

To the Susan's:  I have been instructed to send Forest Oil  via e-mail to the
customer.  Are you doing same?  I will coordinate with you to send Energen
with your agreement when ready.

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


i bought a ride on friday.  it is a pretty cool car - kind of retro.  i
bought a gremlin, like the one in wayne's world.  some people laugh at it,
but i think it is pretty cool.  it is also affordable.  tell angie she can't
get into a fist fight.  i don't want to be embarassed if we all go out.  you
guys can't throw your central gang signs or whatever you guys do before you
represent.


Michelle,

I just faxed the signed ammendments to Craig.  Let me know if you hear of any
problems. Otherwise have a great weekend!

Best Regards

David Smith


FYI

 -----Original Message-----
From: 	Fossum, Drew
Sent:	Thursday, May 31, 2001 11:58 AM
To:	McCarty, Danny; Harris, Steven; Lindberg, Lorraine; Watson, Kimberly; Pryor, Tony
Subject:	Fountain Letter

Here is my first draft of a "paper the file" letter to BP Amoco.  I need you all to carefully review it for factual content and to make sure I got the tone right.  I'd love to be even harsher, but I've already implicitly accused them of bad faith, so I'll stop for now (sure felt good).  Thanks.  df


Sorry I haven't responded Laura.? The 19th is bad for me because I won't be
finished with finals, and it sounds like everyone can't make it then anyway.?
My vote is for the? 22nd, 8:30pm, and Benji's.?

I look forward to seeing everyone, especially since the last time I saw
several of you was not a good time for me.?
See you girls then, Ashley


Start Date: 4/19/01; HourAhead hour: 13;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041913.txt

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

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/19/01
  TIE_POINT: SLVRPK_7_SPP
  INTERCHG_ID: EPMI_CISO_ZEBRA
  ENGY_TYPE: NFRM


okey dokey

Dan Lyons@ECT
10/09/2000 11:13 AM
To: Kay Mann/Corp/Enron@Enron
cc: smiller@bracepatt.com

Subject: FuelCell Schedule 13d Memo

Kay, please read this memo...Because you will be working with the originators
and will be the first lawyer to know when the condition of the orders is
filled you are probably the right person to blow the whistle for the 13D
filing...Let me know if you think otherwise
----- Forwarded by Dan Lyons/HOU/ECT on 10/09/2000 11:09 AM -----

	"Scott Miller" <smiller@bracepatt.com>
	10/05/2000 02:17 PM

		 To: <dan.lyons@enron.com>
		 cc: "W. Cleland Dade" <cdade@bracepatt.com>
		 Subject: FuelCell Schedule 13d Memo

Attached is the memo regarding the Schedule 13D filing requirements in
connection with the FuelCell transaction.

Please call me at (713) 221-1131 with your questions.

Thanks.
Scott

 - 13d Memo.pdf


Start Date: 1/30/02; HourAhead hour: 6;  HourAhead schedule download failed. Manual intervention required.


Yes, offshore (ie, as ENA) with an onshore or offshore counterparty, as it
desires.  SS

	From:  Rod Nelson                           03/10/2000 07:37 AM

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

Can we trade financially in Argentina?

---------------------- Forwarded by Rod Nelson/HOU/ECT on 03/10/2000 07:35 AM
---------------------------

Rodolfo Freyre@ENRON_DEVELOPMENT
03/09/2000 02:42 PM
To: Rod Nelson@ECT
cc: Jeff Kabel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Pluspetrol

Rod,

We will be sending you the financial statements of Pluspetrol so that you can
analyse it and send the credit worksheet to legal so that they fill the
schedule and the credit support annex of the ISDA.

Pluspetrol (CayCo) is interested in signing an ISDA with ENA so that they
start hedging Crude Oil.  Pluspetrol is a very important company in Argentina
and they are one of the largest crude oil producers.

We will send you the information soon.

Tks,

Rolo
---------------------- Forwarded by Rodolfo Freyre/ENRON_DEVELOPMENT on
03/09/2000 05:39 PM ---------------------------

Rodolfo Freyre
03/09/2000 05:16 PM
To: Susan Bailey/HOU/ECT@ECT@ENRON
cc:

Subject: Pluspetrol

Susan,

The name of the Company is "Pluspetrol Resources Corporation LLC", setup in
Cayman Islands.

Rolo


This meeting conflicts with Steve's staff meeting.  I will join your meeting in progress.  Thanks, Kim.


Steve, I attach a further draft of the presentation incorporating comments
from John Sherriff.

I have made the following changes:

Cover Page. Listed key themes in the notes
Benefits of Liberalization. Expanded reference to "Improved allocation of
risk"
Benefits- Cost Savings graph. Simplified graph by removing OECD average
Benefits - What went wrong in California. Reworded
Benefits - Improved Customer Choice. Deleted
Policy Goals. Deleted
Successful Transition to Deregulation. Deleted reference to "phased
liberalization"
Successful transition to Deregulation. Replaced reference to "investment"
with reference to "independent regulator"
Transition issues and Solutions. Replaced reference to "Germany" with the
"Netherlands"
Today's New Economy. Deleted reference to "Winner Takes All"
Components of Transformation Process. Moved a number of industries to
"Transformed Markets" category
Enron and the Japanese Market. Referenced broadband
Conclusion. Changed the last bullet point.


<<2XQGRED.DOC>>

Greg and Isabel:

A revised draft of the Escrow Agreement, marked to reflect changes from the
draft previously distributed on April 10, 2001, is attached for review.
Please note that ENA has not reviewed these revisions and reserves the right
to assert additional comments.  Please review and advise of any comments in
order that a draft may be furnished to the escrow agent as soon as possible.
Thank you.

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

Enclosure: 137032vR4/3

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

 - 2XQGRED.DOC


We have the field behind South Main Baptist church from 9-11 am.
We have invited the Blue team to scrimmage again.
Please let me know if you can attend.  Hopefully, we can have as good a turnout as last week.

Attached is the season schedule.

PS: For those who have not yet paid registration fees, please do so ASAP.


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 09/18/2000
10:23 AM ---------------------------

Bryan Hull
09/18/2000 08:07 AM
To: Eric Bass/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Michael
Walters/HOU/ECT@ECT, George Hope/HOU/ECT@ECT, Harry Bucalo/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Yvette G Connevey/Corp/Enron@ENRON
cc:

Subject: Fw: "Tour de Philadelphia"

 - vtt1.mpeg


You know, I don't think Robert would get on the same page with me if his life
depended on it.

---------------------- Forwarded by Kenneth Seaman/HOU/ECT on 02/01/2000
07:35 AM ---------------------------
From: Robert E Lloyd on 01/31/2000 04:17 PM
To: Kenneth Seaman/HOU/ECT@ECT
cc:
Subject: Re: Lyondell-Citgo

 Thanks Ken however, the term deal agreed to by Lyondell {via nomination} is
only for 15.0.
 Lyondell also nominated a 5.0 base deal.

Kenneth Seaman   01/31/2000 03:12 PM

To: Robert E Lloyd/HOU/ECT@ECT
cc:
Subject: Lyondell-Citgo

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


Sally has changed the time of her Thursday morning meeting to 8:30 - 10:30 AM
(previously scheduled 8:00 - 10:00 AM).  Please let me know if you can't make
this new time.  Topic for meeting:  information from her ENA Executive
Offsite and also a brainstorming session.

Thanks,
Patti x39106


Thanks for your email.  I'll be out of the office for the rest of the week so
when you find an answer, just let Bonnie (37422) White know.  Thanks.
Elizabeth


let's go

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:39 PM
To:	Rybarski, Amanda
Subject:	RE:

now

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:39 PM
To:	Maggi, Mike
Subject:	RE:

and I'm ready to anytime

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:39 PM
To:	Rybarski, Amanda
Subject:	RE:

you can anyway

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:37 PM
To:	Maggi, Mike
Subject:	RE:

I think so, I would treat you better than she can

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:36 PM
To:	Rybarski, Amanda
Subject:	RE:

we will have to work on that in the future

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:36 PM
To:	Maggi, Mike
Subject:	RE:

No, I'm actually pretty happy about the deal.  Not as happy as I would be if I were working for you.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:35 PM
To:	Rybarski, Amanda
Subject:	RE:

thats not bad

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:35 PM
To:	Maggi, Mike
Subject:	RE:

Yeah, right.  I wish! I am working for Chris still and Scott Neal.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:34 PM
To:	Rybarski, Amanda
Subject:	RE:

perfect, are you working with me

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:32 PM
To:	Maggi, Mike
Subject:

We're going to be sitting kina close after the move.


Supplemental documents for the Gilroy Peaker Project are now available under
the applicant's files section at:

http://www.energy.ca.gov/sitingcases/peakers/gilroy/documents/index.html

Bob Aldrich
Energy Commission


---------------------- Forwarded by Greg Whalley/HOU/ECT on 01/08/2001 12:34
PM ---------------------------

"Andurand , Pierre" <Pierre.Andurand@gs.com> on 01/08/2001 02:30:23 AM
To: "'Greg.Whalley@Enron.com'" <Greg.Whalley@Enron.com>
cc:
Subject: US WTI swaps

Greg,
What is the difference between NX1 and NX2 ?
Thanks and best regards,

Pierre

Pierre Andurand

Energy Derivatives Trading
Goldman Sachs - Singapore


When: Friday, July 20, 2001 10:00 AM-11:00 AM (GMT-06:00) Central Time (US &
Canada).
Where: EB 2386

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


Joe,

Any interest in speaking?

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/17/2000
04:01 PM ---------------------------

Britta Bothe <brittab@infocastinc.com> on 10/17/2000 12:38:33 PM
To: vkamins@enron.com
cc:
Subject: Invitation to speak at Infocast's Managing Summer Price Volatilit y
Conference in Houston

Dear Ms. Kaminsky:
As I just mentioned on your voicemail, Infocast is going to host a  Managing
Summer Price Volatility course, January 30 - February 1, 2001 in Houston.
The course will focus on the various tools at hand to manage summer price
and load volatility.  Our target audience for this event will primarily be
risk managers and managers in bulk power sales & purchase (our secondary
target audience is energy traders).

Attached you will find a draft program agenda for your review.  Please let
me know if you or someone else at Enron is interested in presenting at this
event.  In particular, we are looking for someone to talk about weather
derivatives.

I appreciate you taking the time to review the conference schedule and I
hope that I will have an opportunity to talk to you. Unfortunately, I am
running behind schedule in finalizing this program.  I will call tomorrow to
see what your feedback is.  If you have any questions or suggestions, please
do not hesitate to contact me at (818) 888-4445 ext. 30.

Sincerely,

Britta Bothe
Infocast
Conference Manager
(818) 888-4445 ext. 30
      <<Agenda 5.doc>>

 - Agenda 5.doc


Here is the Japanese repsonse which also contains our inquiry.
---------------------- Forwarded by Mark Taylor/HOU/ECT on 05/08/2000 10:32
AM ---------------------------

Yasuyoshi.Goto@BAKERNET.com on 03/14/2000 01:23:57 PM
To: Mark.Taylor@enron.com
cc: Alan.Aronowitz@enron.com, Paul.TYO.Davis@BakerNet.com
Subject: RE: EnronOnline in Japan

Dear Mark:

I refer to you e-mail of March 3 sent to my partner, Paul Davis.  I am in
charge
of our Information Technology/E-Commerce Dept.  Please accept my apology for
not
having responded earlier.

Please see our comments below.

Should you have any questions, please let us know.

Best regards,
Yasuyoshi Goto

> -----Original Message-----
> From: Mark Taylor [mailto:Mark.Taylor@enron.com]
> Sent: Friday, March 03, 2000 9:17 AM
> To: Paul.TYO.Davis@BakerNet.com
> Cc: Alan Aronowitz
> Subject: EnronOnline in Japan
>
>
>
>
> Dear Paul:
>
> I believe Alan Aronowitz and Mark Haedicke of our office met
> with you a week or
> so ago and mentioned that we would need advice from you
> regarding the use of our
> internet trading website with customers in Japan.  Below is a
> list of initial
> questions regarding which we would be grateful for the
> benefit of your advice.
> For your background information as you consider these
> questions, be advised that
> counterparties must sign a written "Password Application"
> which provides that
> the counterparty intends to be bound by agreements entered
> into by "clicking" in
> the appropriate spaces on the website.  Please feel free to
> contact me with any
> questions you may have.  I can be reached either by e-mail at
> Mark.Taylor@enron.com or by telephone at (713)853-7459.
>
> 1.   Have relevant regulators in your jurisdiction made any
> statements regarding
> marketing of or dealing in any of the following types of
> products through the
> internet or other electronic systems:
>
>      Commodity transactions relating to oil, gas, electricity
> or other energy
> commodities, whether derivative
>           transactions (cash settled) or physically settled.
>      Financial derivatives - i.e. interest rate, foreign
> exchange or credit
> derivatives.
>      Weather derivatives.
>      If so, please could you provide us with a brief summary.

Our research has revealed no statements of regulators in Japan in connection
with the marketing or dealing in the above types of  products through the
internet or other electronic systems from publicly available source.  We will
let you know if we find any previous or future statements.

>
> 2.   Do any specific laws or regulations exist in your
> jurisdiction which would
> prevent or in any way impact upon marketing or trading of any
> of the products
> set out in question 1 above through the internet?  In
> answering this question
> please address issues relating to contractual formation and
> enforceability of
> contracts entered into via the internet.  In particular, if a
> transaction
> entered into via the internet is enforceable under U.S. or
> U.K. law and the
> transactions contain a choice of such law, will such
> transactions, including the
> choice of law, be enforceable in Japan?

We do not have any specific laws or regulations which would marketing or
trading
of any of the products set out in question 1 above through the internet.
Under
Japanese law, formation of any contract does not require any formality.

Japanese law generally does not require any formalities for offers or
acceptances to be valid as such. There is no Statute of Frauds, and parties
may
make most types of contracts orally. If there is enough evidence establishing
that the offeree agreed to the terms offered, an offeror may rely on it. In
most
simple sales contracts for consumer goods, for example, it would be easy to
prove that the customer agreed to pay x yen for product Y. The Seller's
electronic records showing that the customer clicked on the icon to buy
product
Y should be enough in this context.

In more complicated contracts, the structure of the seller's Web pages should
be
carefully designed. Having no court decisions, we have no definite answer to
the
question of enforceability of shrink-wrap agreements in Japan. However, the
legal implications of the Web-wrap, the online version of shrink-wrap, may be
somewhat different from shrink-wraps (e.g. licenses for software sold over the
counter).  Under a typical shrink-wrap license in the real world, for example,
the customer cannot break the wrapper until after the customer purchases the
product. However, in an on-line environment, a customer has a choice to click
on
an Accept-to-Buy icon before the customer purchases the product. Further,
with a
carefully compiled sequence of screens or pages which would in effect be able
to
let the customer read the terms and conditions before rushing to click on the
icon, it would be easier to prove that the customer read the terms and
conditions than in a typical shrink-wrap license situation. Unlike shrink-wrap
in the real world, the seller may obtain an electronic record showing that the
customer clicked on the icon. Given these differences, the result possibly may
be more favorable to sellers online than to those using shrink-wrap licenses.

If a transaction entered into via the internet is enforceable under U.S. or
U.K.
law and the transactions contain a choice of such law, such transactions,
including the choice of law, will be enforceable in Japan.

>
> 3.   If the answer to either of question 1 or 2 is "yes",
> please indicate
> whether the impact of any relevant statements, laws or
> regulations will differ
> depending upon whether (a) the relevant internet site is
> maintained in your
> jurisdiction or elsewhere; or (b) the party effecting the
> marketing/trading
> through the internet is locally licensed.

N/A

> 4.   Please confirm that by marketing to or trading with
> counterparts in your
> jurisdiction via the internet local relevant regulatory
> bodies/local laws or
> regulations will not consider the party maintaining the
> relevant website to have
> established a physical establishment/branch in your jurisdiction.

We do not have any clear cut answer to this since we have no relevant laws,
regulations, or court cases.  So long as  the party maintains the relevant
website with a computer server located outside Japan, the likelihood of
Japanese
regulatory bodies to consider that the party maintaining such website
established a "physical" establishment/branch in Japan is negligible.

>
> Thank you in advance for your attention.  We look forward to
> hearing from you.
>
> Sincerely,
>
> Mark Taylor
>
>


yes, dear.

-----Original Message-----
From: Cameron Sellers [mailto:cameron@perfect.com]
Sent: Thursday, September 27, 2001 12:37 PM
To: Dasovich, Jeff
Subject: RE: Meeting with Perfect Commerce

Ok.  How about this. If you don't hear back for a week, THEN ping him and
ask for a date the first week of November????

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

 -----Original Message-----
From: 	Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent:	Thursday, September 27, 2001 10:33 AM
To:	Cameron Sellers
Subject:	RE: Meeting with Perfect Commerce

Really don't want to write anymore notes.  while he's a friend, and i've
known him since he was a lowly VP, sending lots of emails to CEOs, even
in a flat org. like enron, is, well, bad form.  let's see what happens.
just let ian know that there's a chance that the meeting might take
place prior to the EES debrief.  The cooking thing is great.  The
funniest thing is that Prentice has always said that she hates rice, and
therefore risotto.  so i'm psyched.

-----Original Message-----
From: Cameron Sellers [mailto:cameron@perfect.com]
Sent: Thursday, September 27, 2001 12:25 PM
To: Dasovich, Jeff
Subject: RE: Meeting with Perfect Commerce

Maybe you could send an email to them now explaining when the pilot is
supposed to finish and that it might be better to schedule after that
date.
That way you are also bringing us up and having them think about us
again.
Pure psychology.

I think PP really liked the cooking class.  She looked cute in the apron
and
she now knows everything about soaking and draining mushrooms.  Did she
tell
you that she is going to make you risotto (with out OWN veal stock) next
Monday night???

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

 -----Original Message-----
From: 	Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent:	Thursday, September 27, 2001 10:15 AM
To:	Cameron Sellers
Subject:	RE: Meeting with Perfect Commerce

babe, if they get back to me with a date that week, i think that you
ought to just have the meeting, understanding that the meeting with
execs may not have occured yet.  nevertheless, you'll have a darned good
idea by that time whether its working well or it's a flop, non?

anywho, let's see what response i get back.  maybe they'll want to push
back.

her hair looked really good (it was pretty all over the place
previously).  now, with a few professional flourishes, she look even
more gorgeous (if that's possible).

best,
Jeff

-----Original Message-----
From: Cameron Sellers [mailto:cameron@perfect.com]
Sent: Thursday, September 27, 2001 11:26 AM
To: Dasovich, Jeff
Subject: FW: Meeting with Perfect Commerce

OK, so the oct 15th date is a little too early.  The pilot review with
execs
at enron is at the end of the month.  SO, we should target early
November
for this meeting.  Can you help facilitate that?

What did you think of PP's hair.  I was shocked.  It looked really good!

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

-----Original Message-----
From: 	Ian Sullivan
Sent:	Wednesday, September 26, 2001 6:44 PM
To:	Cameron Sellers
Subject:	RE: Meeting with Perfect Commerce

We are tentatively scheduled for a Pilot Review with the VP of EES on
10/30
in Houston, so early Nov. for this meeting is probably the best bet.
-----Original Message-----
From:	Cameron Sellers
Sent:	Wednesday, September 26, 2001 2:09 PM
To:	Ian Sullivan
Subject:	FW: Meeting with Perfect Commerce

I pushed this date way out.  We can easily push it out more. Jeff fully
understands that we want to schedule this meeting after the pilot has
been
completed (not get in the way, see the real value of the system
first...etc.).  My question to you is when is the pilot scheduled to be
completed so I have a time frame on when these discussions might take
place.

Thanks,
Cameron

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

-----Original Message-----
From:	Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent:	Wednesday, September 26, 2001 1:57 PM
To:	Greg Piper (Enron); Brad Richter (Enron)
Subject:	Meeting with Perfect Commerce

Greg:
Good talking to you.  Congratulations on your new role.  Sounds exciting
(in addition to exhausting).

Based on our call, I contacted Perfect Commerce.  The two folks from
their shop that will be in Houston are:

Ian Sullivan
SVP, Professional Services and all implementation of the product

Cameron Sellers
VP, Business Development

They'd like to meet sometime during the week of October 15th. Let me
know if that works for you and Brad.  Or if you'd like to contact them
directly, just let me know and I'll get you their numbers/emails.

I ran across Perfect when I was doing an MBA project-we were required
to find a company that we could consult to on e-commerce strategy.

I've since found out that Perfect's doing a pilot with EES-acting as
the e-procurment platform for products tied to EES' outsourcing deals.
From what I hear it's going well, and EES is enthusiastic.

The technology is very interesting:  soup to nuts e-procurement platform
developed by Paul Milgrom (global auction guru and economist at
Stanford).  Glad you guys can meet with them.  I think it's definitely
worth the time-the technology may fit very well with Networks.

Best,
Jeff

**********************************************************************
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
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to Enron Corp. at enron.messaging.administration@enron.com and delete
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copies of the message. This e-mail (and any attachments hereto) are not
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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.
**********************************************************************


Greg,

I've read the opinion and agree with your summary of it.  However, it doesn't
answer the question for me as to whether a Mississippi court would uphold
such a clause, or how other contracting parties have dealt with the issue.
Due to the importance of the issue I will consult with a Mississippi firm to
get a handle on the question.

Thanks for your help,

Kay

"Evans, Greg" <GEvans@KSLAW.com> on 03/02/2001 04:57:22 PM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: Mississippi AG's Opinion on Section 100

As an update to my earlier e-mail, I located both the Miss. AG's Opinion
letter construing Section 100 and the initial request from a State entity
that prompted the Opinion.

Assuming a State entity is a party to a contract, the AG's Opinion does not
opine that Section 100 prohibits contractual clauses that exclude
consequential damages.  Instead, the AG's office could not find any
statutory authority that allows a public officer to contractually limit a
private vendor's liability to the State entity.  Although the AG did not
state that such clauses are prohibited, the AG held that it could not
affirmatively sanction such clauses in the absence of statutory authority.

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I will make it

DG

SSCHROED@us.ca-indosuez.com on 03/28/2001 10:46:28 AM
To: dgiron@enron.com, todd.w.taylor@bakernet.com, mikeshaw@andrews-kurth.com,
randy.g.kruger.jr@arthuranderson.com
cc:
Subject: Re: Wednesday Lunch

How is this for everybody (Mike I know you can't make it)

----- Forwarded by Scott SCHROEDER/CAI/NYC/BANQUE_INDOSUEZ/FR on 03/28/01
10:37 AM -----

                    randy.g.kruger.jr@us.arthuran
                    dersen.com                           To:
SSCHROED@us.ca-indosuez.com
                                                         cc:
                    03/27/01 03:58 PM                    Subject:     Re:
Wednesday Lunch

12:30 at Treebeards works for me.  If you call me before you leave, I'll
walk
over with you.

To:   dgiron@enron.com, Randy G. Kruger Jr., mikeshaw@andrews-kurth.com,
      todd.w.taylor@bakernet.com
cc:
Date: 03/27/2001 01:36 PM
From: SSCHROED@us.ca-indosuez.com
Subject:  Wednesday Lunch

It appears everybody can do lunch tomorrow (the 28th).  Send me what times
work for you and a suggestion of a central place to eat.  Any time is good
for me.  My best guess for a central location would be Treebeards in the
tunnel, but anyplace is fine with me.  Let me know.

Schroeder

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Please see attached the July first of the month prices corresponding to the
deal list you provided me.  Sorry for the delay, but I.T. ran into a major
snag when they tried to pull these.

Thanks,

Errol McLaughlin -- X5-8274

GDP-CAL BORDER    4.91
GDP-CGT/APPALAC   4.52
GDP-CHI. GATE  4.43
GDP-CNG/APPALACH  4.56
GDP-HEHUB   4.36
GDP-ELPO/PERM2  4.35
GDP-ELPO/SANJUA  4.12
GDP-HPL/SHPCH  4.38
GDP-KERN/OPAL  3.92
GDP-MALIN-CTYGA  4.47
GDP-MICHCON   4.45
GDP-NTHWST/CANB  4.07
GDP-PAN/TX/OK  4.20
GDP-PG&E/CITIGA  4.97
GDP-TENN/500  4.24
GDP-TRCOZ6/NY  4.93
GDP-TETCO/M3  4.72
GDP-WAHA   4.27
NW STANF/1ST-GD  4.02


Gardere Wynne sent me a draft of a demand letter to send to kingdom
----- Forwarded by Richard B Sanders/HOU/ECT on 11/28/2000 09:35 PM -----

	Brian Vass
	11/27/2000 03:47 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: Rig Expense Estimate

Here is the estimate for the monthly expenses.
---------------------- Forwarded by Brian Vass/HOU/ECT on 11/27/2000 03:10 PM
---------------------------

Lisa King
11/22/2000 09:39 AM
To: jlamb@gardere.com
cc: Brandi Morris/HOU/ECT@ECT, Brian Vass/HOU/ECT@ECT
Subject: Rig Expense Estimate

Jim-

Attached is a schedule detailing expenses encountered for the rig for the 3rd
quarter.  Please let me know if you need more information.

Have a great Thanksgiving,
Lisa King


Please note that this is a change from your original scheduling.


This request has been pending approval for  11 days and you are the
alternate.  Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000007876&Page=
Approval to review and act upon this request.

Request ID          : 000000000007876
Approver            : stinson.gibner@enron.com
Request Create Date : 11/20/00 2:36:29 PM
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Resource Name       : \\enehou\houston\common\Research - [Read/Write]
Resource Type       : Directory


John,

I think the crucial distinction is between recognition of risks and
elimination of
risks through hedges (as correctly pointed out  in other messages). Being
aware of risk
does not mean that one does not want to be compensated for it.

Now a few more detailed comments.

1. I think that illiquidity discount represents double counting when combined
with
a project finance discount rate. Illiquidity discount, in my view,
should be applied to financial options that trade in a market without
sufficient depth.
One should apply a haircut if liquidating  a position takes a long time. The
approach used in valuation
of the Turkish transaction is the same as approach used in valuation of
investments in physical
assets, which are by definition illiquid. This illiquidity  is recognized
through other aspects
of valuation technology used in RAROC.

If we apply an illiquidity correction in this case, we should be consistent
and use
this approach  across the board for all project finance type cases (not that
I recommend this course of action).

2. Valuation of an unheadgable options.

Let's look at it from the position of a seller of the option.

He cannot hedge a short call or put and Black-Scholes valuation becomes the
floor for
the valuation: the seller has to be compensated for taking a price risk (as
opposed to taking a vol
risk when he hedges). The issue of the compensation he will require becomes
fuzzy.
The option really becomes an insurance type product and pricing depends on
two factors:

1. risk preference
2. existing portfolio positions

Risk preference. Insurance companies typically require a payment that
consists of two parts:
expected loss + unexpected loss. The latter is typically defined as 1 to 2
standard deviations.
The number of  standard deviations depends on risk appetite and the ability
to absorb the loss.
I admit that it is a bit fuzzy, but this is the way the world works. We
looked into insurance pricing at the
request of Jere Overdyke. You can talk to Vasant Shanbhogue to find out more
about it.

Existing portfolio positions. An additional contract may increase or decrease
the risk of the overall portfolio.
I would expect the deal to provide some risk diversification, but it does not
look to me as a deal that reduces risk
(given all our positions in this region).

What are the practical implications? Pricing depends on risk appetite (the
utility function of a decision maker
in technical jargon) and becomes to some degree arbitrary.

If we are short an option embedded in a deal and the option cannot be hedged,
we should subtract from the value of the contract
the value of the option (that is greater than the Black - Scholes value).
If we don't price this option explicitly,
the valuation of a contract will be based on a discount rate with a risk
premium.

In the case of an option buyer, the situation is reversed. If he cannot
hedge, he should recognize the risk
of losing the value of his investment and apply a discount to the value of
the option.
How big is the discount? See the comments above.

In the special case, where hedging is possible and the Black-Scholes-Merton
paradigm applies, both values
will become equal (ignoring transaction costs). The values of an option form
the point of view of
a seller and a buyer will converge.

3. What happens in case we use simulation technology?

We can discount at the risk free rate along each scenario (each scenario will
recognize the downside and/or
upside at different points in time in different states of the world).
If we run a sufficient number of scenarios, we shall get a distribution of
NPV as of today.
Knowing this distribution means that we can estimate risk, but in most cases
we are still holding
it. The expected value should be, therefore, adjusted for risk. This is
equivalent to using a
discount rate with a risk premium.

I hope this helps. Please, call me with additional questions. Sorry for a
delay in responding
to this question. I ran my response by Stinson and Vasant, to make sure we
all agree.
It's a very complicated technical problem and the financial theory does not
have
good answers.

Vince


We are getting a group together to play paintaball tomorrow at around 10 am.
We will be playing at Adventure Village (just north of Intercontinental
Airport on FM 1960).  Their website is www.adventurevillage.com.  The total
cost should be somewhere between $30-$40 per person ( about $15 for a gun and
$6 per 100 paintballs).  Let me know if you can make it.

-Eric


Dear Sally:

I am a new member of Jay Webb's EnronOnline technical team.  In my role, I
have had the opportunity to review the EOL Reporting Database created by
Eugenio Perez.  Eugenio has demonstrated good technical and problem solving
skills in the development of the Reporting Database.  He was able to apply
his knowledge of Microsoft Access and expand his programming skills.  He
quickly developed an application that served the immediate needs of EOL.
Eugenio should be commended for growing his technical skills to develop his
first Access application.

Sincerely,
Chris


This request has been pending approval for  11 days and you are the alternate.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000037058&Page=Approval to review and act upon this request.

Request ID          : 000000000037058
Approver            : stinson.gibner@enron.com
Request Create Date : 5/24/01 1:27:34 PM
Requested For       : schiavone.paul@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read/Write]
Resource Type       : Directory


Due to all the moves this week, we are canceling the staff meeting this afternoon.

	We will have a regular meeting next week.  Thanks. Lynn


Sandeep,
?
Below, I have summarized Henwood's work on the  India database to date.
?
The "Inter_Regional Links.ppt" file shows the  topology and links between
bubbles in the our model and  "Expand_India_Data_011000.xls" details the
existing station information that we  have compiled to date.?Total resources
closely match reported resources as  shown in "L&R_0110.xls". Reported India
total in 1997 is 86,000 MW and that  in the Henwood database is 84,000 MW
through 1997.
?

Region

	EMSS database

		Reported [1]

			Difference

 - Inter_Regional Links.ppt
 - Expand_India_Data_011000.xls
 - L&R_0110.xls


i think tom, robbie and i should still try to get down to phoenix for a
weekend.  talk to those two and see when a good weekend is for them.  i am
going to come home in may also for about a week.


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Hey Kysa - I hope you're still at your computer. Amy's number is 464-7404.
I'll try to call you in a minute and make sure you got this. And yes,
dinner's still on, even though I'm feeling motivated to make toast or
something equally effortless, so come without an appetite. (Just kidding -
but I'm seriously open to suggestions.)

Kate
464-7486

"Kysa Alport" <kalport@hotmail.com> on 04/18/2001 09:28:00 AM
To: kate.symes@enron.com
cc:

Subject:

Hi Kate - I emailed Amy this morning.? I was going to give her a call today,
would you mind c-lling me w/ her number.? Call my cell 503-706-5308.? Hope
you are having a good day.? Is dinner still on tonight, 7:30pm?? Kysa

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


FYI
---------------------- Forwarded by Elsa Villarreal/HOU/ECT on 10/20/2000
12:15 PM ---------------------------
From: Joan Quick on 10/19/2000 04:45 PM
To: Mary Poorman/NA/Enron@Enron, Jackie Young/HOU/ECT@ECT
cc: Elsa Villarreal/HOU/ECT@ECT
Subject: REVISION - Forest Oil's NOVEMBER 2000 Gas Volumes

There has been a change for the Katy Plant.  First of the month nom is now
expected to be 5,479 MMBtu/d.  per linda, 10/19 am.

---------------------- Forwarded by Joan Quick/HOU/ECT on 10/19/2000 04:43 PM
---------------------------
From: Joan M Quick on 10/18/2000 10:47 AM
Sent by: Joan Quick
To: Mary Poorman/NA/Enron@Enron, Jackie Young/HOU/ECT@ECT
cc: Elsa Villarreal/HOU/ECT@ECT
Subject: Forest Oil's NOVEMBER 2000 Gas Volumes

Below are Forest's first of the month noms:

DELIVERY POINT     MMBTU/D
MCALLEN RANCH      4,495
KATY PLANT         6,574 [termed up for Nov - Mar]

PER JOHN KJELMYR, 10/18 am.


Sara,
Attached please find prime trade agreement per yesterdays conversation.
Thank you for your time.

---------------------- Forwarded by Darren Delage/HOU/ECT on 07/12/2000 10:27
AM ---------------------------

"Goss, Kathleen" <kathleen.goss@csfb.com> on 07/11/2000 02:48:37 PM
To: "'darren.delage@enron.com'" <darren.delage@enron.com>
cc:
Subject: PrimeTrade Agreement - Enron

Dear Darren:

Attached please find the PrimeTrade Access Agreement which is being sent to
you at the request of Charlie Zahringer. After you have reviewed the
document, sign two (2) copies and return to me. Once the CSFB Managing
Director has signed them we will return a copy for your records.

Should you have any questions do not hesitate to call me at (212) 325-2228
or Charlie at (212)325-3337 or Charles.Zahringer@CSFB.com

 <<PrimeTradeAccessAgreement.doc>>

Kate

Kathleen M. Dybala
> CREDIT | FIRST
> SUISSE  | BOSTON
>
Tel:  212 325 2228

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.

 - PrimeTradeAccessAgreement.doc


----- Forwarded by Tana Jones/HOU/ECT on 08/03/2000 04:33 PM -----

	Bradley Diebner
	08/03/2000 04:28 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global CounterParty, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON
		 cc:
		 Subject: Re: EOL Credit Responses 08/03/00

The EOL approvals for 08/03/00 are attached below.

Thanks,
Brad


Previous correspondence on the topic of assignment to outside counsel.  See
10/10 email from me below.
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/12/2001 10:23
AM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           10/11/2000 12:35 PM

To: Fred Mitro/HOU/ECT@ECT
cc:

Subject: Re: Schaeffer Property - Livingston County, Illinois

Fred,

I think Kathleen will be a big help to all of us in improving the flow of
paper.  I trust her to work up initial drafts of option agreements, subject
to my quick review and the review of local counsel.

Thanks for your cooperation.

kay

Fred Mitro@ECT
10/11/2000 10:46 AM
To: Kay Mann/Corp/Enron@ENRON
cc: Rusty Stevens/Corp/Enron@ENRON

Subject: Re: Schaeffer Property - Livingston County, Illinois

Kay:

The Fehrs and Ledfords did sign their respective option agreements last week
prior to our Zoning Board of Appeals meeting.  I am expecting Karen Way to
forward you an executed original copy of each agreement.  I will check with
her on the status of this.

With regard to the policy, I understand your point.  Rusty and I will work to
better co-ordinate with you in the future.  Perhaps we can lever off of
Kathleen for agreements such as the Schaeffer option.

Let me know.

Fred

	From:  Kay Mann @ ENRON                           10/10/2000 08:51 AM

To: Rusty Stevens/Corp/Enron@ENRON, Fred Mitro/HOU/ECT@ECT
cc:
Subject: Schaeffer Property - Livingston County, Illinois

Hi Guys,

Enron policy requires that the assignment of tasks to outside counsel go
through (or at least be coordinated with) the legal department.  In the
future, please let me know what you need so that there can be some order to
the process.

Did the Fehrs and Ledfords sign the option agreements?

Thank you,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/10/2000 08:47
AM ---------------------------

"Way, Karen S. - CHI" <karen.way@piperrudnick.com> on 10/09/2000 02:52:14 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "'rusty.stevens@enron.com'" <rusty.stevens@enron.com>,
"'fred.mitro@enron.com'" <fred.mitro@enron.com>, "Gershon, Mark A. - CHI"
<Mark.Gershon@piperrudnick.com>, "Townsend, Christopher J. - CHI"
<chris.townsend@piperrudnick.com>, "Shindler, Donald A. - CHI"
<Donald.Shindler@piperrudnick.com>

Subject: Schaeffer Property - Livingston County, Illinois

Kay:

This morning, Rusty requested that we prepare an Option Agreement for the 29
acre parcel west of the Livingston Energy Center.  This property could be
used as a construction laydown site, but more importantly would provide a
sound buffer for the project.  It is our understanding that the Option
Agreement is to be presented to the property owner at some point next week.
We will forward a draft of the agreement to you no later than Monday,
October 16, 2000.  Please feel free to call me or Don Shindler
(312-368-2175) with any questions regarding the agreement.  Best regards.

Karen S. Way
Piper Marbury Rudnick & Wolfe
203 N. LaSalle
Chicago, Illinois 60601
email:  karen.way@piperrudnick.com
(ph) 312-368-2152
(fax) 312-630-6347

____________________________________________________________________________
The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________


I'm forwarding the attached as an update.  Am presently researching the issue
raised by Drew, and will let you know what I find.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 03/13/2000
08:50 AM ---------------------------

	From:  Drew Fossum                           03/13/2000 07:51 AM

To: Susan Scott/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Mary Darveaux/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, sstojic@gbmdc.com

Subject: Re: TW acquisition of capacity on PNM

I found the reference I was remembering over the weekend.  Check out the
order issued to TriState Pipeline at Docket CP99-61.  FERC got all over CMS
on the problems posed by "dual jurisdictional facilities" whatever that
means.  CMS tried to do something that sounds a lot like what PNM would be
doing under the idea you guys had.

---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/13/2000
07:48 AM ---------------------------

	From:  Drew Fossum                           03/12/2000 08:37 PM

To: Susan Scott/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON,
sstojic@gbmdc.com, Mary Darveaux/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON
cc:

Subject: Re: TW acquisition of capacity on PNM

Interesting.  Assuming we could satisfy the Texas Eastern criteria (which
would be tough given that this is a firm service, unlike our market center
service), we still need to think about PNM's situation.  The letter says they
are a Hinshaw.  This deal would seem to blow their Hinshaw exemption.  There
is some new law on use of capacity on a Hinshaw for interstate service, only
I think it involved a capacity lease instead of service agreements.   I think
it was one of the Northeast pipeline cases involving CMS.  Does PNM know that
we would use their service for interstate transportation?  If we can crack
the Hinshaw issue, this might be worth a shot.  DF

Mary Kay Miller
03/11/2000 11:22 AM
To: Susan Scott/ET&S/Enron@ENRON
cc: Drew Fossum@ENRON, Glen Hass/ET&S/Enron@ENRON, sstojic@gbmdc.com, Mary
Darveaux/ET&S/Enron@ENRON

Subject: Re: TW acquisition of capacity on PNM

Mary,  I was unable to forward the attachment--  so try to get it form Glen
Susan,  I don't think it is a problem to try this, however,  do we have the
current rates including fuel etc that we would have to pay and how much
capacity would we be acquiring?  Need to see this-  MK

	From:  Susan Scott                           03/10/2000 04:14 PM

To: Drew Fossum@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, sstojic@gbmdc.com
cc:

Subject: TW acquisition of capacity on PNM

The Commercial Group has been discussing with PNM the possibility of entering
into service agreements for firm capacity on the portion of PNM's system
between Blanco and Rio Puerco.  This would effectively operate as an
expansion of TW's system from the San Juan Basin to the mainline.  TW would
acquire PNM capacity then post it as available on the EBB just like we post
other capacity.  Shippers could then use the capacity to transport gas from
Blanco to any point on TW's system.   The capacity that PNM has available at
this time is seasonal (summer months) only, so it would be used to provide
short-term firm capacity or LFT to TW customers.   The marketers anticipate
that the additional capacity would mostly be used to ship gas to points on
TW's mainline besides Rio Puerco -- in other words, the total path used by
shippers would be a combination of PNM's system and TW's system.  Shippers
wouldn't necessarily know whether PNM capacity was being used to provide
service on their contract, only that their gas is being shipped from A to B.

In re-reading the Texas Eastern line of cases, I believe we can distinguish
TW's proposal from that in Northern's Docket No. 97-388 because it is more
specific (we are asking for authority to acquire capacity on a specific
pipeline) and because it is more in the nature of an expansion of TW's
constrained San Juan lateral rather than a proposal to broker other
pipelines' capacity.  I may be overly optimistic, but I also believe we meet
all the Texas Eastern criteria.

I realize that I have not discussed this very extensively (or at all) with
any of you, but I have gone ahead and drafted the proposal in the form of a
letter to FERC.  It seemed the most efficient way to provide a starting point
for discussion, especially since I was able to borrow heavily from our
successful Market Center Services filing.  I'm not yet sure where we will
include it in the tariff, but I propose tariff language along the lines of
"Transporter may contract for firm transportation service on Public Service
Company of New Mexico for use in providing transportation service from the
Blanco receipt point on Transporter's system.  The cost incurred for
acquisition of any such services shall be separately recorded in Account No.
___.  Transporter is at risk for recovery of costs associated with such
services."

After you've reviewed the attached, please let me know your overall
substantive comments and let's talk about the best way to proceed.  Thanks.


All,

I want to thank all of you for your generous donations for the Enron Elves
Program.  Hopefully some families in Portland will have a merrier Christmas,
thanks to your support.

Thanks again and I will forward along receipts within a month.

Michael Wong
Enron North America
(w) 415-782-7808
(f) 415-782-7851


calendar
---------------------- Forwarded by Steven J Kean/NA/Enron on 04/20/2001
03:00 PM ---------------------------

Kelly Johnson
04/20/2001 09:47 AM
To: Steven J Kean/NA/Enron@Enron, Mary Joyce/Enron@EnronXGate
cc: Maureen McVicker/NA/Enron@Enron, Teresa Wright/Enron@EnronXGate

Subject: Special Comp Committee Meeting Notice - May 1st

Attached is a notice of special meeting of the Compensation and Management
Development Committee on May 1st at 3:00 p.m. until 5:00 p.m. This meeting is
addition to the April 30th meeting.


what do you want for your 3rd round pick?


Chaundra Woods had the unfortunate experience of having a fire in her home.
Below is information from Mary Cook.

Janette Elbertson
Enron North America Corp.
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
janette.elbertson@enron.com
----- Forwarded by Janette Elbertson/HOU/ECT on 10/26/2000 11:09 AM -----

	Mary Cook
	10/26/2000 09:35 AM

		 To: Janette Elbertson/HOU/ECT@ECT
		 cc:
		 Subject: Chaundra Woods

Janette, would you please direct this message to all ENA attorneys/paralegals
and assistants.  Thank you.  Mary

As you may be aware Chaundra Woods experienced a house fire.  Both she and
her mother are well, and will be staying at the Extended Stay America, 4701
Westheimer Rd.  77027, 713 355 8500.

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


Tracy:

I'm back!  I enjoyed my long weekend.

My 20th anniversary with Enron is today. (I started at a very young age!)   I have already selected my gift and you should be receiving it soon.  It will probably come in a box because I ordered a matching necklace and bracelet.

There are not many days remaining in 2001 and I need to take some vacation days because I have quite a few days left to take.  I have looked at the calendar and hopefully chosen days that will have the least amount of impact on everyone.

Anyway, this is what I came up with:

November 1
November 9
November 19-21 (Thanksgiving week)  I had already made plans to visit my family in Kansas for Thanksgiving
				       before Palu left.  I spoke with Jeanette and she has agreed to do the
				       weekly on that Tuesday before Thanksgiving, if we do a weekly that week.
				       I don't think we did a weekly last year due to the 3 day work week.
December 7
December 17
December 21
December 31

I also plan on carrying over 1 week.

Let me know if you have a problem with any of these dates.

Jan