Ken will attend both meetings.

Rosie

Sherri Reinartz
01/12/2000 03:30 PM

To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Baxter/HOU/ECT@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Rick Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON, Diomedes
Christodoulou/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James V Derrick@Enron,
Andrew S Fastow/HOU/ECT@ECT, Peggy Fowler/Enron@Gateway, Mark
Frevert/LON/ECT@ECT, Kevin P Hannon/HOU/ECT@ECT, Ken Harrison/Enron@Gateway,
David Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Hirko/Enron
Communications@Enron Communications, Stanley Horton/Corp/Enron@Enron, Kurt S
Huneke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/HOU/EES@EES, Mark
Koenig/Corp/Enron@ENRON, Kenneth Lay/Corp/Enron@Enron, Rebecca P
Mark/HOU/AZURIX@AZURIX, Mike McConnell/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon/HOU/ECT@ECT, J
Mark Metts/HOU/ECT@ECT, Cindy Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES,
Kenneth D Rice/HOU/ECT@ECT, Jeffrey Sherrick/Corp/Enron@Enron, John
Sherriff/LON/ECT@ECT, Jeff Skilling/Corp/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Whalley/HOU/ECT@ECT, Thomas
E White/HOU/EES@EES, Brenda
Garza-Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marcia
Manarin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan Skarness/HOU/ECT@ECT,
Stacy Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Beena
Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K Heathman/HOU/ECT@ECT,
Sharron Westbrook/Corp/Enron@ENRON, Molly
Bobrow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rosane
Fabozzi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephanie
Harris/Corp/Enron@ENRON, Bridget Maronge/HOU/ECT@ECT, Shelby
Earle/Corp/Enron@ENRON, Shelby Earle/Corp/Enron@ENRON, Mary
Trosper/Enron@Gateway, Nicki Daw/LON/ECT@ECT, Carol Ann Brown/HOU/ECT@ECT,
Dolly Henrici/Enron@Gateway, Ann Joyner/Corp/Enron@ENRON, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy Young/Enron
Communications@Enron Communications, Ann Joyner/Corp/Enron@ENRON, Cindy
Stark/Corp/Enron@Enron, Sherryl Stone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Mary E Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maureen
McVicker/HOU/EES@EES, Joannie Williamson/Corp/Enron@ENRON, Rosalee
Fleming/Corp/Enron@Enron, Vanessa Groscrand/Corp/Enron@Enron, Marsha
Lindsey/HOU/AZURIX@AZURIX, Cathy Phillips/HOU/ECT@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT@ECT, Dolores
Fisher/HOU/ECT@ECT, Karen Owens/HOU/EES@EES, Dorothy B Dalton/HOU/ECT@ECT,
Christina Grow/Corp/Enron@Enron, Lauren Urquhart/LON/ECT@ECT, Sherri
Reinartz/Corp/Enron@ENRON, Katherine Brown/Corp/Enron@ENRON, Pam
Benson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Liz M Taylor/HOU/ECT@ECT, Judy G
Smith@EES, Bobbie Power/Corp/Enron@ENRON
cc: Joe Witherspoon/Corp/Enron@ENRON, Rodney Keys/Corp/Enron@ENRON, DeMonica
Lipscomb/Corp/Enron@ENRON, Vanessa Groscrand/Corp/Enron@Enron, Suzanne
Danz/Corp/Enron@ENRON, Keith Dziadek/HOU/EES@EES
Subject: EXECUTIVE COMMITTEE MEETINGS - MONDAY, JANUARY 17

Please respond regarding your attendance at the following events:

Executive Committee Breakfast
Date:  Monday, January 17
Time:  7:30 a.m.
Location: EB50M

Please indicate below whether or not you will attend the breakfast.

  Yes, I will attend _____

  No, I will not attend _____

*  *  *

Executive Committee Weekly Meeting
Date:  Monday, January 17
Time:  11:00 a.m. (CDT)
Location: 50th Floor Boardroom
Video:  Connections will be established with remote locations upon request.
Conf call: A conference call bridge has been reserved.  The dial in number
713/853-3233.
  Please contact Sherri Sera (713/853-5984) or Katherine Brown (713/345-7774)
  for the weekly passcode.

Please indicate below whether or not you plan to attend this meeting and
through what medium.

 Yes, I will attend in person _______

 By video conference from _______

 By conference call  _______

 No, I will not attend  _______

*  *  *

Please return this e-mail to me with your response by 12:00 p.m., Friday,
January 14.

Thank you,
Sherri


-----Original Message-----
From: 	"Cumberland, Shawn" <Shawn.Cumberland@ElPaso.com>@ENRON
Sent:	Wednesday, December 12, 2001 9:54 AM
To:	Kaminski, Vince J
Cc:	Hatten, Shelia
Subject:	RE: lunch

Great.  I'll pick you up.

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Wednesday, December 12, 2001 9:53 AM
To: Cumberland, Shawn
Cc: vkaminski@aol.com
Subject: RE: lunch

Shawn,

Let's meet  on Wednesday, next week at noon.

Vince

    -----Original Message-----
   From:   "Cumberland, Shawn" <Shawn.Cumberland@ElPaso.com>@ENRON
   Sent:   Wednesday, December 12, 2001 9:47 AM
   To:     Kaminski, Vince J
   Subject:  RE: lunch

   Vince,

   Either day is fine for me.  What is your preference?

   Shawn

   -----Original Message-----
   From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
   Sent: Wednesday, December 12, 2001 9:29 AM
   To: Cumberland, Shawn
   Subject: RE: lunch

   Shawn,

   Sorry, I shall be in NYC on Tuesday. What about Wednesday or Thursday?

   Vince

       -----Original Message-----
      From:   "Cumberland, Shawn" <Shawn.Cumberland@ElPaso.com>@ENRON
      Sent:   Wednesday, December 12, 2001 9:23 AM
      To:     Kaminski, Vince J
      Subject:  lunch

      Vince:

      Good seeing you yesterday.

      Are we on for lunch next Tuesday at noon?

      Shawn

      ******************************************************************
      This email and any files transmitted with it from the ElPaso
      Corporation are confidential and intended solely for the
      use of the individual or entity to whom they are addressed.
      If you have received this email in error please notify the
      sender.
      ******************************************************************

   **********************************************************************
   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
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   relied on by anyone as the basis of a contract by estoppel or otherwise.
   Thank you.
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   If you have received this email in error please notify the
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This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


Paul,

Can you work with Sara on this?

Bill

---------------------- Forwarded by William S Bradford/HOU/ECT on 07/28/2000
07:31 PM ---------------------------

	From:  Sheila Glover                           07/28/2000 01:23 PM

To: William S Bradford/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
cc: Jeff Kinneman/HOU/ECT@ECT, John Greene/HOU/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT
Subject: Margin leverage and Enron Guarantee

Bill and Sara,
We have been talking with Goldman Sachs, one of ECT Investment's prime
brokers,  about ways to reduce our margin requirement and gain greater
leverage.  Goldman suggested that we may want to consider putting an Enron
Guaranttee in place.

We also have a prime broker agreement with Morgan Stanley.  Per the
documentation that I have... I do not see a guarantte with Morgan Stanley.

1) Can you confirm that no guarantee exists with either Goldman or Morgan?
2) Any comments regarding a Goldman guarantee by Enron Corp for ECT
Investments Inc.?

Thanks, Sheila


Sara:
Here are the final forms of Annex A for ENA and ECC.

Susan:
Please make sure that these are put into the form bank.

Carol


Energy supply setback: Big generator can't be forced to sell emergency power
to the state, a U.S. court rules.
By Denny Walsh and Carrie Peyton
BEE STAFF WRITERS
(Published April 6, 2001)
In a development that does not bode well for California's energy supply, a
federal appellate court Thursday halted enforcement of a lower court order
that a big electricity generator must sell emergency power to the state
without guarantee of payment.
State energy officials said the ruling wouldn't have any immediate effect but
could precipitate a power emergency if the generator decided to take a plant
off-line for maintenance.
On March 21, citing "rolling blackouts (that have) darkened the California
landscape," U.S. District Judge Frank C. Damrell Jr. imposed an injunction
against Reliant Energy Services Inc., one of the nation's major generators.
Houston-based Reliant controls approximately 3,800 megawatts, or about 20
percent, of the gas-fired generation capacity in the state, and Damrell found
that loss of that production "poses an imminent threat."
But Thursday, a three-judge panel of the 9th U.S. Circuit Court of Appeals
granted an emergency stay of the injunction, saying Reliant has shown "a high
likelihood of success on the merits" of its appeal.
While not spelling it out, the panel apparently bases its finding on the
question of the courts' jurisdiction over the energy market. The panel
directed that a hearing on the appeal be scheduled for the second week in
July.
The decision leaves California's electric grid more fragile, at least
temporarily, according to the state Independent System Operator, which
maintains and controls power transmissions.
It gives the agency no immediate recourse if Reliant chooses to shut down any
of its plants for maintenance, said ISO Vice President Jim Detmers.
"It's not going to change anything overnight, and it's not going to change
anything over the weekend," said Detmers. "But if Reliant decided on a
unilateral action to take their units off for maintenance ... we definitely
could have a system emergency."
Reliant officials, when told of the ruling, took a conciliatory tone but
declined to specify their next move.
"Reliant ... has pledged to keep the lights on in California," said company
lobbyist Marty Wilson, and "is still of a mind to want to cooperate."
Without further comment, the appeals court judges cited a 1980 U.S. District
Court decision. In that case, 14 cities sued Florida Power and Light Co.,
alleging that it was violating a number of laws in its sales of power and
production of electricity.
The judge found, however, that the Federal Power Act reserves oversight of
interstate utilities exclusively to the Federal Energy Regulatory Commission.
He ruled that only the commission may bring an action involving energy sales
into federal court -- unless it is a request to review a commission order,
and that goes directly to an appellate court.
The lawsuit before Damrell was brought by the ISO to force Reliant and two
other generators to respond to ISO's emergency orders for power, even though
the agency is buying on behalf of two retailers that are broke and hopelessly
in debt.
Because Pacific Gas and Electric Co. and Southern California Edison can't pay
their bills -- about $14 billion -- some wholesalers want to cut off sales to
the utilities.
The other three defendants in the ISO's suit -- Dynegy Power Corp. of Houston
and Tulsa-based AES Corp. and its marketer, Williams Energy Marketing &
Trading Co. -- have entered into written agreements with ISO to continue
supplying emergency power until the FERC decides whether they are required to
sell to companies that are not creditworthy.
But Charles Robinson, ISO general counsel, points out that the generators can
rescind those agreements with 48 hours' notice.
"My hope is this is a temporary setback," said Robinson. He added, however,
that the practical effect is "at least for now, we don't have a tool to
compel them to do what we believe they're obligated to do" -- respond to
emergency demands for power.
Reliant has insisted since the suit was filed Feb. 6 that Damrell has no
jurisdiction over the rate schedules that govern dealings between generators
and the ISO, and that the Federal Power Act mandates that the FERC must
settle any disputes about terms of those tariffs.
In issuing the injunction, Damrell acknowledged that the FERC has special
expertise concerning agreements between generators and ISO.
"Absent the extreme exigencies of the California power crisis, the court
agrees that a stay pending further action by the FERC would be proper," he
said. "But those are not the facts here. Electricity is in critically short
supply. The health and safety of the people of California are potentially at
risk."
Immediately upon receiving the 9th Circuit's order Thursday, attorneys for
the ISO asked Damrell to set an accelerated schedule for its motion to amend
the suit. The agency apparently has crafted a new complaint stressing its
view that the matter is an ordinary contract dispute over which the judge has
jurisdiction.
Damrell scheduled a hearing on the motion for Thursday.
In a further development that could complicate the state's dire need for
energy, an alternative supplier won a court fight Thursday to bypass the big
utilities and sell its power on the open market.
Timber giant Sierra Pacific Industries, which operates four biomass plants
that produce power for PG&E, obtained a temporary restraining order in
Sacramento Superior Court that says Sierra Pacific is not required to sell
its power to PG&E.
The ruling means PG&E and Southern Edison could lose power as alternative
energy generators, fed up with months of nonpayment, sue to be able to sell
their comparatively cheap product elsewhere, including outside the state.


So, I should expect to get my future clickpaper approvals from her.  I just
don't want to look at any lists but what Credit sends to me.

	Walter Guidroz/ENRON@enronXgate
	03/05/2001 10:06 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Tom Moran/ENRON@enronXgate
		 Subject: RE: Click Paper Approvals

Yes Tana, Carol North works in the Credit Group.  She will be working with
Aparna Rajaram and Ken Curry.  Please add her to any ClickPaper distribution
lists that you currently send out; thanks.

WG

 -----Original Message-----
From:  Jones, Tana
Sent: Monday, March 05, 2001 10:00 AM
To: Moran, Tom; Guidroz, Walter
Subject: Click Paper Approvals

Does Carol North work in Credit?
----- Forwarded by Tana Jones/HOU/ECT on 03/05/2001 10:04 AM -----

	Carol North/ENRON@enronXgate 03/05/2001 09:37 AM 	   To: Karen
Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Samuel
Schott/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Adnan
Patel/ENRON@enronXgate, Bill D Hare/HOU/ECT@ect, Steve
Venturatos/HOU/ECT@ECT, Camille Gerard/Corp/Enron@ENRON, Mary G
Gosnell/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tanya
Rohauer/ENRON@enronXgate, Paul Radous/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT,
Ken Curry/ENRON@enronXgate, Nicole Hunter/NA/Enron@Enron, Aparna
Rajaram/ENRON@enronXgate  cc:   Subject: Click Paper Approvals

Please see attached.

 << File: CP 03-05a-01.xls >>


EFF_DT PORTFOLIO_ID DOWN95
1/9/01  MANAGEMENT-CRD 26,820.
1/9/01  MANAGEMENT-GAS 2,228,498.
1/9/01  MANAGEMENT-PWR 131,194.
1/9/01  AGG-MANAGEMENT 2,305,789.


Hello everyone,
   Steve and I just wanted to say ciao from Florence. We are waiting for our
train to go to Venice. We'll talk to everyone when we get back.
                                     Chi

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


Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"


---------------------- Forwarded by Kay Mann/Corp/Enron on 01/17/2001 01:12
PM ---------------------------

KWiemer@milbank.com on 01/17/2001 12:57:24 PM
To: Kay.Mann@enron.com
cc:

Subject: E-Next Generation Purchase by DAED I/II

Kay - As mentioned in my voice mail.  Please revise the signature pages for
E-Next Generation as follows and e-mail back to me. Wilmington is standing by
to execute.
Regards, Karl
Each signature block for E-Next Generation should appear as follows:

E-NEXT GENERATION LLC
By:     Wilmington Trust Company,
        not in its individual capacity but
        solely as Manager

By: _________________
Name:
Title:

Karl Wiemer
Milbank, Tweed, Hadley & McCloy LLP
One Chase Manhattan Plaza
New York, NY 10005-1413
212-530-5209
212-822-5209 (fax)
kwiemer@milbank.com

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.


Please handle re Paul Nelson.
----- Forwarded by Mark E Haedicke/HOU/ECT on 09/22/2000 06:44 PM -----

	"Philo, Andrea" <andrea.philo@linklaters.com>
	09/22/2000 05:51 AM

		 To: "'mark.e.haedicke@enron.com'" <mark.e.haedicke@enron.com>
		 cc:
		 Subject:

Paul Nelson has asked me to forward to you details of the agency that
organises our art collection.

Lynne Stern and Linnet Feilding
Linnet Feilding Limited
200 Goldhurst Terrace
No 7
NW6 3HL

Tel: 020 7491 8905
Fax: 020 7624 3749

I hope this is of help.

I wonder whether you could help on the following point.
Paul is coming out to Houston to speak at an Enron conference on 4 October.
Although we have received a programme for this there is no mention of the
venue. I believe it is at the Woodlands Resort and Conference Centre and
wondered whether you would be so kind as to let us have the address and also
confirm that this is where Paul will be staying.

Many thanks

Regards
Andrea Philo
PA to Paul Nelson

____________________________________________________________

This message is confidential. It may also be privileged or
otherwise protected by work product immunity or other legal
rules. If you have received it by mistake please let us know
by reply and then delete it from your system; you should not
copy the message or disclose its contents to anyone.
____________________________________________________________


The ponytail, tattoo and the beard were gone when he showed up last Monday.
I hope somebody got some pictures of that!  SRS

"Mark Skilling" <markskilling@hotmail.com> on 07/25/2000 02:27:45 AM
To: Jeff.Skilling@enron.com
cc:

Subject: Re: Hello again...

Sherri,

When I got your message, I was certain I had thrown the ticket away.  But, I
was happy to find that I had procrastinated and still had it.  It will be in
the mail shortly.

The trip did go well; thanks for setting it up.

I'm curious to know whether Jeff kept the ponytail and tattoo?

Mark

>From: Jeff.Skilling@enron.com
>To: markskilling@hotmail.com
>Subject: Hello again...
>Date: Mon, 24 Jul 2000 09:26:57 -0500
>
>Hi Mark.  I heard you guys had a great time in Africa - it's hard to
>believe it has already come and gone!
>
>Just wondering if you still have your unused KLM ticket for the
>Istanbul/Amsterdam/Nairobi leg of the trip.  That is a refundable ticket,
>so if you would return it to me I can get Jeff's card credited for the
>charge - I believe it's in the neighborhood of $2,000.  If you have it,
>just drop it in the mail to:
>
>Sherri Sera
>c/o Enron Corp.
>P.O. Box 1188
>Houston, TX 77251-1188
>U.S.A.
>
>Thanks and take care,
>Sherri
>

________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com


-----Original Message-----
From: 	Amy Mulligan
Sent:	Friday, May 25, 2001 3:48 PM
To:	Terry Kowalke
Subject:	Presentation


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I have a morning appointment and will be in afterwards.  Sara


Volume management was wondering if deals 137870 and 235670 needed to be
extended into 2001.  These are deals with Teco.  Let me know if you need me
to extend them.


You are so good to me!  As long as we are together, it does not really matter where we stay.  I would prefer a king size bed as opposed to two double.  Although, if we mess up one, we can always use the other one.  The Lay Reviews are supposed to be over at 5:00, so any time after that.  I don't really have a preference on the return flight.

Love you

 -----Original Message-----
From: 	Harris, Steven
Sent:	Tuesday, October 02, 2001 3:49 PM
To:	Geaccone, Tracy
Subject:	Honeymoon in Vegas

Do you have a preference as to which hotel we stay in? I checked the Bellagio and they are very proud of their hotel that week ($380/night). The Venetian is kind of steep too but about $100/night cheaper. Other choices that I think would be nice would be the MGM Grand or the Mirage. Just let me know what you want. Also, I need to probably book the flights so let me know what time you want to leave and come back. Thanks. Love you babe.

	Steve


I've pulled together some general ideas on marketing within ENE and how it
would ideally be structured for GRM.

Marketing & Origination Model

For GRM, our success is entirely dependent on a developing a team of
dedicated marketers who specialize in delivering insurance risk management
solutions to clients. The business model is a risk aggregation play
(gathering first loss and co-share pieces of insurable risks we understand).
We risk impairing our ability to create a portfolio of risks that can be
managed, repackaged and placed in the capital or insurance markets at large
if we don't have direct influence over the deal flow being generated. To
accomplish this my ideal marketing/origination model working with other Enron
business units would be:

Client Originator: Centralized in a long term origination team in ENA, EGM,
EIM (as opposed to midmarket function) with industry specific expertise, e.g.
oil    & gas, power, coal, forest products, etc. The CO would be responsible
for maximizing client profitability for Enron in an investment banking
capacity, making sure we have an inside track to the client's strategic
initiatives/business opportunities and making sure we package complete
solutions using  all ENE product areas. The CO also needs a financial
incentive (see below) to take responsibility for making sure each individual
product area is servicing the client where possible, particularly when a
package solution is not viable, e.g like outsourcing. The CO should be
involved with all product marketing calls if possible, but would not act as
gate keeper, rather act more as a control valve creating a steady flow of
ideas, products and services to the client.

Product Marketer: Centralized in a product marketing team, with industry
knowledge and product specific expertise. While the PM will call on clients
for      independent origination of new business opportunities, ideally the
bulk of the opportunities should be marketing to clients identified by the CM
to have a need for GRM's products or services. The marketing is done in
partnership with the CO, but the driver of the transaction would be the PM.
Execution would be handle by the PM's business unit with a portion of
revenues devoted to the CO for their origination of the opportunity. However,
if a particular group or CO  does not play ball or does not generate any
business leads, the PM would still be free to originate business
independently.

Shared Resources Centralized in a group like Fundamentals, Research, Weather
Desk, etc. Especially useful in upstream where the deals require extensive
engineering work and technical support. We currently use Walt Hamilton,
Senior Reserve Engineer who works for Craig Fox in Enron Capital Resources,
not full-time but nearly full time. Once we have a few deals booked, an
engineer will also need to maintain the position by reviewing the reserves on
a regular basis. I would envision having Walt on our payroll, working for us
but remaining part of a resource pool that could be shared depending on deal
flow and priorities set by Craig.

Shared P&L  Tough to implement, but unless there is a real financial
incentive, CO's will naturally focus on deals they originate and the earnings
stay in their group.  I've worked with splits ranging from 80/20 if we do all
the work and it is a simple referral, to 50/50 if the transaction opportunity
is further developed by the time we get involved, typically as part of a
structured package solution.

This is best case, but in case you're wondering, I haven't lost my senses.
Enron is not currently the ideal company to take this approach and I don't
believe GRM is the ideal guinea pig to make the change. Some hybrid solution
is probably better for us, tailoring the effort based on the particular group
we work with. In the case of EGM business units, I think this is the way to
go since we can influence our own people. In the case of ENA or other Enron
companies, we need to be more selective, with the worst case being we go it
alone and duplicate efforts. This is the path we're on today with ECR's
upstream business, however it is not how we are proceeding with EIM where we
are trying to build bridges with forest products and steel, or ENA's power
desk, where we have the double trigger product for them to market.

Soap Box

A little background and my general view of marketing at Enron after nearly 3
years here. In my banking career I've worked both as a relationship manager,
marketing all the bank's product areas to a targeted client base, as well as
a product specialist working with a relationship manager to service that
client base and execute product specific business. Our competitors, whether
investment banks or commercial banks, seemed to have a similar setup,
although they varied in design from broad geographical marketing assignments
to industry specific assignments.  For me, this type of marketing and
origination setup was easy to leverage, meaning my product specialist teams
could hire the best and remain small and efficient.

Enron is the first company I've worked for that doesn't have a coordinated
origination and  marketing approach to clients. Instead, the culture here is
clearly based on free access to all clients, i.e. no gate keepers, no
ownership of the client and hence no one individual accountable for
maximizing the profitability of business closed with a client. Several
different product/trading areas can all call on the same client with little
or no coordination and have no game plan to maximize profitability. A clear
benefit of not having relationship managers is speed to market with new
products and new ideas combined with specialist knowledge about the product
or service being sold. (In fact, I believe this has been a direct contributor
to our ranking as the most innovative company in America.) A clear drawback
is duplication of effort and weak implementation of cross-selling.....given
lip-service by most marketing and origination teams I have worked with.
Nevertheless, given Enron's successful track record, it appears the benefits
outweigh the drawbacks and it is a system I've comfortably adjusted to.

Enough of the soap box. Just wanted to share my general Enron marketing
thoughts and a little of my bias.

I don't know if this was specific enough for you so let me know if you need
more detail. Consider this part of a dialogue.

New Name?

I'm also exploring alternative names for the group that identify our role
more readily.  What do you think of the name Insurance Risk Management Group
or Insurance Risk Management Solutions?   The latter ties into Enron's new
way of describing its business activities...Logistical Solutions. I met with
Dennis Vegas to discuss branding and general marketing of our activities and
he said Logistical Solutions will be in our annual report and a major theme
going forward.

Hope you had a nice holiday. Speak to you next week.

Per


Mr.  Drexelius,

	Per Barry Tycholiz request, attached is the letter agreement for assignment and payment for the Kern River Capacity.  Please execute immediately and fax to my attention at (713) 646-3490.  Upon receipt I will forward to Barry for decision to execute or not by 1:00 pm.  Thank You for your prompt attention to this matter.


---------------------- Forwarded by Rita Bianchi/ET&S/Enron on 12/19/2000
01:42 PM ---------------------------

	Rita Bianchi
	12/19/2000 01:16 PM

To: Frazier King/FGT/Enron@ENRON
cc: Linda Trevino/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, Mary Darveaux/ET&S/Enron@ENRON, Ranelle
Paladino/ET&S/Enron@Enron

Subject: INGAA Capacity data request for NNG.

Here is the NNG data for Shelley's INGAA request, due 12/21.
I agree with Linda's contract & release information.  The Capacity Available
& Unsubscribed Capacity from Bob Johnson in Facility Planning comes from the
GISB & 637 required capacity information on the Internet. The totals are
consistent with the contract holders' capacity reported.


Two things,
1.  Here is Jeff Porter's response.
2.  Joan, change your email to Joni.
---------------------- Forwarded by Scott Goodell/Corp/Enron on 03/14/2000
03:40 PM ---------------------------

jporte1@columbiaenergygroup.com on 03/14/2000 03:32:01 PM
To: " - *Scott.Goodell@enron.com" <Scott.Goodell@enron.com>
cc: " - *Kinney, Doug" <BLOCK@columbiaenergygroup.com>

Subject: Re: SST Storage Injection Contract for Choice

We will notify COH tomorrow.


---------------------- Forwarded by Chris Germany/HOU/ECT on 03/16/2000 11:00
AM ---------------------------

Scott Goodell@ENRON
03/16/2000 10:34 AM
To: Colleen Sullivan/HOU/ECT@ECT
cc: Chris Germany/HOU/ECT@ECT
Subject: Re: SST Storage Injection Contract for Choice - PLEASE READ

Jeff Porter at CES said in a 3/16 email...

 as of 4/1/00, CES' SST capacity on TCO will decrease. We have
 submitted a request to COH for Storage Capacity and Transport (FSS & SST) for
 the 00-01 season. COH should have the actual numbers late Friday, but I have
 made a guesstimate below. You only get 50% of your Oct-Mar WD capacity for
 Apr-Sep Inj, which could be around 50,000 dth/d. The numbers below are from
 3/00, so 4/00 should be smaller, but I will forward to you as soon as I can.

Which means we will not have the volumes until 3/17.  Is it a problem that it
wasn't March 15?
Scott

Colleen Sullivan@ECT
03/08/2000 08:43 AM
To: Joan Veselack/Corp/Enron@ENRON
cc: dkinney@columbiaenergygroup.com@ENRON, Chris Germany/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON, Katherine L Kelly/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT, Joann Collins/Corp/Enron@ENRON, Robert
Allwein/HOU/ECT@ECT, John Hodge/Corp/Enron@ENRON

Subject: Re: SST Storage Injection Contract for Choice - PLEASE READ

The Choice program storage is to be negotiated by CES-Retail.  In fact, our
agreement with CES Retail says that they will give us actual volumes for our
storage schedule by March 15.   Chris, have you called CES to see how they're
coming along with the schedule?  It would be a nice, gentle reminder to call
them a week in advance (which is today), so they can start putting it
together.

Joan Veselack@ENRON
03/07/2000 01:49 PM
To: dkinney@columbiaenergygroup.com, Chris Germany/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON
cc: Katherine L Kelly/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Robert Allwein/HOU/ECT@ECT, John
Hodge/Corp/Enron@ENRON, Colleen Sullivan/HOU/ECT@ECT
Subject: SST Storage Injection Contract for Choice - PLEASE READ

To ensure we are all on the same page... how does the renewal of this
contract work for April 1?

If I remember correctly, the injection contract is from April 1st to October
31st. Who negotiates this with the CDC???

John Hodge thought it was Doug Mckinney in Herndon. However, the storage
becomes Enron's on April 1st. So... does Enron negotiate?

Chris, Scott, and Doug... please determine how this will be coordinated.
Don't want this to fall through the cracks.... due to the transition.

Thanks for your help!!!


I was out sick Wed-Fri, but now I'm back.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/30/2000 07:02
AM ---------------------------

"FAYE STEDMAN" <STEDF@andrews-kurth.com> on 10/27/2000 12:54:19 AM
To: <kay.mann@enron.com>
cc: "PAUL PIPITONE" <PIPIP@andrews-kurth.com>

Subject: ABB Transformer Purchase and Sale Agreement

At the request of Peter Thompson, attached please find a clean copy of the
ABB Transformer Purchase and Sale Agreement.  The formatting has been cleaned
up significantly and the table of contents is now in place.

Peter will be out of the office on Friday, 10/27, however, If you have any
questions or comments, please contact Chris Cobb at (202) 662-3016 who will
be handling this matter in his absence.

Thank you.

 - 82441_2.DOC


David,

What is Enron's relationship with the recruiting firm Hiedrick and Struggles?  The are calling around here.

Jeff


Don,
           I was on vacation early this week. So I couldn't get back to you. If you let me know of a convenient time, we can meet and I can explain what I require.

Thanks,
Praveen.

From:	Don Baughman/ENRON@enronXgate on 07/17/2001 06:54 AM
To:	Praveen Mellacheruvu/HOU/EES@EES
cc:
Subject:	RE: Scalers for conversion of daily prices to hourly prices

Sure,

Come by and see me & we'll talk about what you need.

Don
 -----Original Message-----
From: 	Mellacheruvu, Praveen
Sent:	Friday, July 13, 2001 12:47 PM
To:	Baughman Jr., Don
Subject:	Scalers for conversion of daily prices to hourly prices

Don,
               I am with Vince Kaminski's Research group and I support EES. I am developing a simulation model for simulating hourly power prices, which requires these scalers for different regions in the East. It would be great if you can provide me this data. I was referred to you by Corry Bentley.

Thanks very much,
Praveen Mellacheruvu.


Hello!

Just to update - we've extended the auction deadline to 7 August to give people more time to get comfortable with the contract on the back of Transco delaying their 6 month auctions.

We are still refining the curve analysis - so I'll get in touch when we've got it together.

Hope all is well with you - say hello to Marcus.

P

 -----Original Message-----
From: 	Crilly, Peter
Sent:	27 June 2001 19:32
To:	Kitchen, Louise
Subject:	RE: Hello

Hello!

Congratulations on your new arrival - hope you are all well.  Got married on 26 May and got sunshine in Dublin on the day!

We are running the virtual entry capacity as an auction
bids due in on 9 July (may be extended if Transco delay their auction)
5 year minimum term
any terminal
we have right to refuse gas at the beach on payment of compensation chosen by customer in the bid.

We are still running analysis to produce beach curves based but current thinking is that
current market inefficiency is inflating the price (we are currently buying day ahead interruptible Fergus capacity at 0.3p and buying gas as it turns firm on the day at NBP-7p)
our aim is to take out the conservative guys in our auction so the Transco auctions should be less ridiculous (summer max price was 12p but the average was 6p, with wide spreads in each auction round
we have modelled with Transcost to verify Transco's view that Fergus can be expanded by 50% for 1 p/th LRMC

Also we have some other risk management angles we intend to pursue if we end up with a large position
offer underwriting on incremental investment by Transco
code modifications to increase capacity auctioned
build a pipeline!

It would be great to get your views on it - shall I give you a call when we've pulled together the curve analysis?

Peter

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	26 June 2001 16:48
To:	Crilly, Peter
Subject:	Hello

How are things with you?  Hope all is well - are you married now?

Just a quick one - you have scared me with the Entry Point trading thing.  If you ever want to talk it through give me a ring.

Louise


Bring the Ski-Trip Address list from last year


Get this to Jim.

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/27/2001
12:17 PM ---------------------------
From: Jim Little on 02/27/2001 12:14 PM
To: Phillip M Love/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT
cc:
Subject: Liqudation Flash Support for November 2000

Phillip,

I need support for:
Sithe  59,500
Central 1 and GD Central  295708

Darron,

I need support for:
West  8,340,379
Denver 2,441,357

Please let me know when this may be available.  You may save the support to
ERMS/1Intra/FRED Liquidations/"year"/"month"

I realize some of the may be transport and the detail should be minimal due
to MGMT books; however, there are usually some Gas Daily deals that remain on
the desk.

I WILL ALSO NEED SUPPORT FOR THE  DECEMBER AND JANUARY VALUES FOR ALL OF YOUR
REGIONS IF YOU HAVEN'T ALREADY SAVE THEM OUT TO THE ABOVE DIRECTORY.

Thanks,

Jim