I nibbled on a little APC and CPG on Thursday...should'a hit it harder.

M

Martin.Cuilla@enron.com wrote:

> I guess I emailed you to early.  Prices up $.55 trading 7.25 and the back
> of 2001 is up over $.30
>
> Michael D Contant <mcontant@cypressasset.com> on 12/01/2000 03:40:36 PM
>
> To:   Martin Cuilla <Martin.Cuilla@enron.com>
> cc:
> Subject:  [Fwd: gassy cos.]
>
> He didn't include their % hedged, but assures me that they are all at least
> 70%
> un.
>
> M
>
> "Mahedy, John P." wrote:
>
> > Attached is a list of companies that you've requested. We do not have
> > anything published on the topic.
> >  Coastal CGP
> > Anadarko APC
> > Apache APA
> > Barrett BRR
> > Mitchell Energy MND
> >
> > Canadians:
> > Alberta Energy AEC.TO
> > Talisman TLM.TO
> > Anderson AXL.TO
> >
> > -----Original Message-----
> > From: Michael D Contant [mailto:mcontant@cypressasset.com]
> > Sent: Tuesday, November 28, 2000 11:58 AM
> > To: Mahedy, John P.
> > Subject: Re: Weekly Valuation (as of close of November 24, 2000)
> >
> > Mr. Mahedy:
> >
> > Could I trouble you for a few names (cap-agnostic) with unhedged (at
> least
> > 70%) natural gas positions.  If you have published anything on this topic
> > recently I would be very interested in reading that as well.
> >
> > EOG is all I could come up with, hope you can help.
> >
> > Thanks for your time,
> > Michael Contant
> >
> > "Mahedy, John P." wrote:
> >
> >
> >
> >         Attached is our weekly valuation work as of the close of November
> > 24, 2000.
> >
> >                                                                 Absolute
> > Relative
> > Group                                           +1.19%
> > +3.07%
> > Domestics                                       +1.90%
> > +3.78%
> > Internationals                          +1.15%                  +3.03%
> > Refiners                                                +1.48%
> > +3.36%
> >
> >         Figures are total returns including dividends.
> >
> >         The integrated oil group outperformed the market by 3.07%.  The
> > domestics beat the market by 3.78% with UCL (+6.6% relative) delivering
> the
> > strongest and P (+2% relative) the weakest results within the subgroup.
> The
> > internationals outperformed the market by 3.03%.  XOM (+6.5% relative)
> > showed the strongest performance while BP (-0.1% relative) lagged the
> most.
> > The refiners also outperformed the market by 3.36%.  VLO (+5.4% relative)
> > did the best and ASH (+0.4% relative) delivered the weakest results for
> the
> > week.
> >
> >         The attached file includes the individual valuation metrics for
> each
> > company.  Just open and hit the print button for easiest viewing.
> >
> >         <<company.xls>>
> > The table below ranks the companies based on the valuation
> attractiveness.
> >
> >         This Week (11/24/00)
> > Domestics                       Internationals          Refiners
> > OXY                             TX
> ASH
> > AHC                             CHV                             TSO
> > UCL                             BP
> SUN
> > P                                       RD
> > TOS
> >                                         XOM
> UDS
> >
> > VLO
> >
> >         Last Week (11/17/00)
> > Domestics                       Internationals          Refiners
> > OXY                             TX
> ASH
> > AHC                             CHV                             TSO
> > UCL                             BP
> SUN
> > P                                       RD
> > TOS
> >                                         XOM
> UDS
> >
> >
> > VLO
> > John Mahedy (212) 756 4474
> > < mailto:mahedyjp@bernstein.com <mailto:mahedyjp@bernstein.com> >
> >
> >
> >
> >
> >
> >
> >


---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/21/2000 09:30
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     12/21/2000 07:40 AM

To: undisclosed-recipients:;
cc:
Subject: DJ Selling Power May Be Attractive To Pulp, Paper Mills

15:09 GMT 21 December 2000 =DJ Selling Power May Be Attractive To Pulp,
Paper Mills
By Zahida Hafeez
Of DOW JONES NEWSWIRES
CHICAGO (Dow Jones)--As power prices skyrocket in the Pacific northwest, and
forest products markets soften, some pulp and paper producers could consider
turning into power vendors, taking downtime and instead reselling energy
into the open market.
At least in theory, many analysts believe that switching to selling power
can be a more profitable enterprise for pulp and paper mills, as it has been
for some aluminum mills.
Nationwide, pulp and paper makers generate roughly 55% of their energy,
while 45% is purchased from outside sources, in some cases through fixed
pricing arrangements.
And some even generate power enough to compete with public utilities for
rank. The world's largest newsprint maker, Abitibi-Consolidated Inc. (ABY),
which ranks as the third-largest generator of power in the Canadian
northwest region, self-generates 35% of its energy needs.
Of course, not all companies could switch. Firstly, not all co-generate a
significant amount of their energy needs, and those that do need to keep
running their operations side-by-side. Secondly, the fixed-rate contracts
with public utilities bar customers from reselling power. And lastly, energy
sale is strictly regulated in many parts of the U.S. and Canada, and hence
not very profitable.
Mills which could profit from selling energy are those with fixed pricing
arrangements for natural gas and electricity. They could take downtime while
reselling their energy at a higher price. Alternatively, they could adjust
operations to run machines during non-peak hours, while selling electricity
during the peak hours.
Meanwhile, mills that have onsite hydroelectric power generators, such as
Abitibi and Pacifica Papers Inc. (T.PPP), can easily sell surplus energy or
even close down operations and sell energy instead.
With wholesale power prices for day-ahead delivery hovering in the mid-$400s
a megawatt hour in the Pacific northwest region, and hitting $3000 a
megawatt hour just two weeks ago on speculation that extremely cold weather
would boost demand to where it would exhaust supply, it might not be a bad
plan to consider shutting down.
Newsprint Makers Could Double Profits
Rob Duncan, analyst with Research Capital Corp. in Toronto, estimates that
those paper companies, which are now making a profit of $150 to $200 per ton
of newsprint, for instance, could double their profits. They could be making
a profit of $300 a ton of newsprint capacity closed if they were to sell
electricity even at a rate of $250 a megawatt hour.
Nevertheless, Duncan added, "My feeling is that companies haven't thought
this through yet."
Indeed, most companies are in the process of evaluating whether or not
energy selling would suit their long-term goals and allow them to meet
customer needs, including Abitibi, Bowater Inc. (BOW), Weyerhaeuser Co. (WY)
and Domtar Inc. (DTC).
Most producers interviewed by the Dow Jones Newswires declined to say how
much power they generated.
"We're examining all of our alternatives at this point, and first and
foremost, whether it makes sense to make paper at current energy rates or
more sense to shut down," said Abitibi's spokesman John Chimienti, adding,
"but at this point there (aren't) imminent (closures)."
The alternatives the company is considering now extend to deals with the
respective public utilities to participate in some kind of load-shedding
plan, or shutting down in the winter months for better rates in the future,
Chimienti said.
Abitibi has resold some of its purchased energy in the past, but never its
hydroelectric power, with most of its mills which are self-sufficient being
located in regulated power markets, officials said.
During this summer's energy price spike, Abitibi closed for a day or two a
mill in Augusta, Georgia, and resold its contracted power, according to
Michael Innes, vice president of energy and environment at Abitibi.
Reselling power seemed like a more profitable prospect at the mill, which
has the capability to produce 440,000 tons of newsprint annually, Innes
said.
As to whether the company could do it again, Innes said, "We've never done
it in the winter, but that doesn't mean we can't ever do it."
Paul Ehinger, an independent analyst based in Medford, Ore., said several
plywood plants in the Northwest region, which purchase natural gas at
previously fixed lower rates have closed down and are reselling natural gas
at a higher price than they paid.
U.S. natural gas prices on the benchmark New York Mercantile Exchange have
soared steadily since mid-February from around $3.00 per million British
thermal units to an all-time high near $10 this month - four times 1999
levels.
"The markets are poor, and if you can make more money by shutting down
operations and reselling natural gas bought at a firm price, you should do
it," Ehinger said.
However, the practice remains largely restricted.
"We haven't seriously considered this concept...but it would depend on
whether the cost of power keeps rising," said Bob Boschee, mill manager for
Smurfit-Stone Container Corp.'s (SSCC) mill in Missoula, Mont., which is
currently running at only 50% operating rate on electricity bought at fixed
rates from Enron Corp. (ENE). "Everything becomes a consideration if power
sells for $3000 (a megawatt hour) as it did a week or two ago. I'm sure
everybody thought of shutting down then," he said.
-By Zahida Hafeez, Dow Jones Newswires;
312-750-4132; zahida.hafeez@dowjones.com
(END) Dow Jones Newswires 21-12-00
1509GMT Copyright (c) 2000, Dow Jones & Company Inc

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.


---------------------- Forwarded by Randall L Gay/HOU/ECT on 09/21/2000 11:55
AM ---------------------------

	Enron North America Corp.

	From:  Kenneth Shulklapper                           09/21/2000 10:20 AM

To: Randall L Gay/HOU/ECT@ECT
cc:
Subject: Etiquette - rerun

---------------------- Forwarded by Kenneth Shulklapper/HOU/ECT on 09/21/2000
09:46 AM ---------------------------
To: Jay Reitmeyer/HOU/ECT@ECT, Kenneth Shulklapper/HOU/ECT@ECT
cc:
Subject: Etiquette - rerun

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 09/21/2000
10:16 AM ---------------------------

"Marcantel MM (Mitch)" <MMMarcantel@equiva.com> on 09/21/2000 06:47:47 AM
To: "'Matthew.Lenhart@enron.com'" <Matthew.Lenhart@enron.com>,
"'Chad.Landry@enron.com'" <Chad.Landry@enron.com>
cc:

Subject: Etiquette - rerun

NIce Man! Especially #10

Blowjob Etiquette For Men, From Women:

> >  1. First and foremost, we are not obligated to do it.
> >
> >   2. Extension to rule #1 - So if you get one, be grateful.
> >
> >   3. I don't care WHAT they did in the porn video you
> >   saw, it is not standard practice to cum on someone's
> >   face.
> >
> >   4. Extension to rule #3 - No, I DON'T have to swallow.
> >
> >   5. My ears are NOT handles.
> >
> >   6. Extension to rule #5 - do not push on the top of
> >   my head. Last I heard, deep throat had been done. And
> >   additionally, do you really WANT puke on your dick?
> >
> >   7. I don't care HOW relaxed you get, it is NEVER OK
> >   to fart.
> >
> >   8. Having my period does not mean that it's "hummer
> >   week" - get it through your head - I'm bloated and I
> >   feel like shit so no, I don't feel particularly obligated
> >   to blow you just because YOU can't have sex right now.
> >
> >   9. Extension to #8 - "Blue Balls" might have worked
> >   on high school girls - if you're that desperate, go
> >   jerk off and leave me alone with my Midol.
> >
> >   10. If I have to pause to remove a pubic hair from my
> >   teeth, don't tell me I've just "wrecked it" for you.
> >
> >   11. Leaving me in bed while you go play video games
> >   immediately afterwards is highly inadvisable if you
> >   would like my behavior to be repeated in the future.
> >
> >   12. If you like how we do it, it's probably best not
> >   to speculate about the origins of our talent. Just enjoy
> >   the moment and be happy that we're good at it. See also
> >   rule #2 about gratitude.
> >
> >   13. No, it doesn't particularly taste good. And I don't
> >   care about the protein content.
> >
> >   14. No, I will NOT do it while you watch TV.
> >
> >   15. When you hear your friends complain about how they
> >   don't get blowjobs often enough, keep your mouth shut.
> >   It is inappropriate to either sympathize or brag.


Well, the eagle has landed.  I am now in Denver and getting my affairs
squared away.  It didn't really take that long.  Anyway, I thought I would
give ya'll my new coordinates, just in case you want to get in touch.

New Address (active 11/1):

828 17th Street #717
Denver, CO  80202

***This is the address where my furniture will reside***

Phone Numbers:

(H)  720-932-6579 (active 11/1)
(W)  303-575-6463
(M)  303-881-4294

Hope ya'll are doing well.

Bruce


pls print.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 07/01/2000
03:57 PM ---------------------------

	From:  Susan Scott                           06/30/2000 04:38 PM

To: Drew Fossum@ENRON
cc:

Subject: Capacity Options

Drew, I thought you would be interested in this research memo from our law
clerk.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 06/30/2000
04:39 PM ---------------------------

Brian Hensley
06/30/2000 11:05 AM
To: Susan Scott/ET&S/Enron@ENRON
cc: Shelley Corman/ET&S/Enron@ENRON, Frazier King/FGT/Enron@ENRON

Subject: Capacity Options

Susan,

Per your request, I have attached a brief memo concerning capacity option
exemptions and regulations.  If you have any questions or comments you would
like to discuss before the 3 p.m. meeting please do not hesitate to contact
me.  If the offer still stands, I would like to attend this afternoon's
meeting.

Brian

Ext. 37629


All the descriptions except weather have already been emailed to Awais and I
have asked him to provide them to you.  I understand you have weather which
was faxed.


Alison, better send me what you have via fed-x or fax (505) 627-8172.  I have
spoken to Bill about this.  We need to send a check to the agency to cover
ourselves prior to the April 30 deadline. I beleive that EOTT is responsible
for paying the fee.  I have left a message with Larry Fensted and  his
associate Ruth Ann and expressed the need for the $416.00 check by 4/1.

From: Alison Campbell@EOTT on 04/26/2001 10:52 AM CDT
To: Larry Campbell/ET&S/Enron@ENRON
cc: William_Kendrick@Enron.com@Eott

Subject: Re: Hendrick Wink Tank Farm

I didn't forget about you.  I was trying to verify which facility you were
asking about since there are several Hendrick and Wink facilities on my file
list.  I was able to verify that an EOTT "PLP" check in the amount of $416.00
was cut on 10/29/99 to pay the FY 2000 Emissions Fee (9/1/99 - 8/31/00) for
Hendrick/Wink Station (TNRCC Account # WM01910).  However, there is no
evidence of payment for FY 2001.  I believe, though, that Craig Willoughby of
ENTRIX did some work on emissions for at least one of the Hendrick facilities
while he was working for EOTT last year.  I left a message for him a couple
of days ago but haven't heard from him yet.  I think that whatever he put
together is in the ETS file.  I've left a message for Kerry Fields to check
the ETS files for information.  Bottom line:  Looks like the invoice you have
does need to be paid, but which company is responsible for this fee?

P.S. Would you like a copy of what I found?

Alison Campbell
Fleet Operations
Phone:  (713) 993-5088
Fax:  (713) 402-2842
Email:  alison.campbell@eott.com

	Larry Campbell@ENRON
	04/25/2001 03:33 PM

		 To: Alison Campbell/Houston/Eott@Eott
		 cc: William Kendrick/OTS/Enron@ENRON
		 Subject: Hendrick Wink Tank Farm

Alison, have you found out anything about the above referenced?  The deadline
for submitting the FY 2001 emissions fee is April 30.  The TNRCC can levee a
fine on the facility if we dont provide them with some informaiton pretty
fast.  Your assistance in this will be appreciated.


FYI - we will be negotiating this master.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 11/03/2000 08:54 AM -----

	Christian Yoder
	11/02/2000 07:40 PM

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

---------------------- Forwarded by Christian Yoder/HOU/ECT on 11/02/2000
05:30 PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pat Boylston" <pgboylston@stoel.com>
10/25/2000 01:29 PM

To: cyoder@enron.com
cc:
Subject: EWEB

Christian, these guys have their act pretty well together.  I spoke with Burt
Dunn (his boss was also listening over Burt's shoulder and helping to confirm
information).

Recently their Board approved a "general plan" of the transaction
contemplated.   They did not do formal Board action in the form of a specific
resolution, but I think the general approval will likely prove to be
sufficient.

Here is what they are sending me:

1.  a copy of the "general plan" so that we can confirm just what the Board
saw and what, if anything, might be seriously missing.

2.  a letter confirming the Board vote approving the "general plan."

3.  a copy of the resolution adopted by the Board several years ago exempting
power purchase contracts from public bidding requirements.

4.  material from their Risk Management manual detailing the approval and
individual authority to enter into provisions with regard to specific types
of power contracts.

I asked Burt to fax these.  It may take a little while to pull it all
together, but I expect to see it no later than early tomorrow morning.

Let me know if there is anything else on EWEB.

I just left a voicemail for Tom Grim re: Clatskanie.  I will continue to
follow-up call him until I get a specific answer to your questions.  I
acknowledge your 3 this afternoon deadline.

More when its available


Hello, Vince!

I was planning to stop by Damian's this evening, but I think I'll go home
instead.  I've contracted a sneezy cold, and I don't want to spread it around
anymore than I already have.

Thank you for putting this together.  I'll have to make the one in January
for sure!

Sam


Mark,

I am interested in opening a personal commodity trading account.  I'm not
involved in a trading function here at Enron.  My manager Jennifer Fraser
suggested I write you to find out what steps I need to take to ensure
compliance before I open the account.

Your guidance on the subject is appreciated.

Thanks, Vikas


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/13/2000
01:19 PM ---------------------------

"Jan Svajian" <Jan.Svajian@dvn.com> on 06/13/2000 11:07:59 AM
To: <Ami.Chokshi@enron.com>
cc:

Subject: New Nomination

See attached.

 - Enron Nom Change.xls


Lipp:

This e-mail will confirm the site visit by your company at Gleason and
Wheatland.  The relevant information is as follows:

Pursuant to the Site Visit Procedures sent you by CSFB, if you have not
already done so, please send me the following:
List of your team members and titles
For outside consultants, state their employer
Name, phone number (office and mobile) and e-mail address of your designated
deal team leader

Lastly, I will serve as the due diligence coordinator for Gleason and
Wheatland, handling all questions and responses.  Should you have any due
diligence questions or require copies of any oversized documents, please
contact me at 713.853.7998.

Regards,
Ben


Grant,
 The problem is that they do not want to assign the agreement.  They want to
do a partial assignment which is unacceptable unless we can severe the
document so that we have two separate stand alone pieces of paper after the
assignment.  Talk to them about doing two Spot Confirmations, one for 0 to
8,400 MMBtu per day which would not be assignable, and the other one for 0 to
11,600 MMBtu per day which would be assignable to BP.  Call me so that we can
discuss.

	Grant Oh
	03/19/2001 05:16 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: crestar / gulf aos contract....

Keyspan/Crestar would like to execute the existing contract as is - and work
on the assignment ot BP separately.

Thanks

Grant

Dan J Hyvl
03/19/2001 04:17 PM
To: Grant Oh/CAL/ECT@ECT
cc:
Subject: Re: crestar / gulf aos contract....

I am waiting on your response to my voice mail regarding the assignment to
BP.  Shouldn't we break the confirm into two documents, covering 42% of the
entitlements to Crestar and 58% to BP.

	Grant Oh
	03/19/2001 01:33 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: crestar / gulf aos contract....

Dan, following up on the status of the contract.

Thanks

Grant


She  will come on Thu at 10:15.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/18/2000
02:26 PM ---------------------------

Jeanne A Klein@ENRON_DEVELOPMENT on 01/12/2000 11:55:49 AM
To: Vince J Kaminski@ECT
cc: Mingcheng Lian/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Zimin Lu@ECT
Subject: Modeling in Real Options

Vince,

My name is Jeanne Anne Klein and I am a financial modeler working with
Mingcheng Lian on a high profile pipeline project in China.

Zimin Lu referred us to you regarding questions we have on the Real Option
Valuation Approach.  We are very enthusiastic about what we have read and
heard about this valuation method.

We have been doing some preliminary research on the Real Option Valuation
approach and believe that integrating this approach into our financial model
would bring a significant increase to the value to the project.   We have
identified some deal aspects we believe would be ideal to valuate as real
options.  Our goal is to work with the development team to structure the deal
to incorporate the Real Option Valuation approach into the model enabling us
to arrange the contracts within the deal to optimize the project's value.

We would like to arrange a meeting with you at your ealiest convenience to
brainstorm on additional deal aspects that can be valued using the real
option approach as well as on ways to quantify these aspects using the Real
Option valuation Method.

Please advise if you will be able to meet with us within the next week or
two.

Thank you for your kind attention,

Jeanne Anne

X 6-6547


Congrats

Linda Robertson
07/19/2001 09:44 AM

To:	Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, mark s palmer/enron@enronXgate@Enron

cc:

Subject:	California Amendments DEFEATED!

John Shelk will provide a more thorough report in a later Email, but I just wanted you to know that the Waxman price cap amendment was just defeated in full Committee markup and the Eshoo refund amendment was defeated.  Both by sizable margins.


gzivic@elementre.com <mailto:gzivic@elementre.com>
203-541-1012
home 203-329-8490

understood- will pass along the info..the guy has been away this week, so not a big deal,
but yes, george is leaving tomorrow night until monday, so for him to send to the guy, then tomorrow would be the best - otherwise monday.

let me know if there is anything i can do
i will be in houston next monday to thursday-
robyn

-----Original Message-----
From: Ruscitti, Kevin
Sent: Tue 7/17/2001 11:08 AM
To: Zivic, Robyn
Cc:
Subject:

i lost my resume so i've been trying to construct a new one from scratch.  hopefully, it'll be done by tomorrow.
what is george's email address.  did you say he was leaving town this week.  if so, when.  thanks.  talk to you
soon.

kevin


I am pleased to announce that iBuyit Payables has been activated for all organizations supported by Houston Accounts Payable.  iBuyit Payables is an innovative tool that will enable us to code and approve invoices for goods and services online.

Who is impacted?
Beginning today, all coders and approvers of invoices that were previously submitted to Houston Accounts Payable for processing and payment, will code and approve invoices through iBuyit Payables.  Invoices entered directly into SAP, will not be impacted by this process.

Note:  Beginning May 8th, any invoices with coding sheets received by Accounts Payable will be entered into iBuyit Payables and electronically routed back to the coder. The invoice will then need to be coded and approved (again) in iBuyit Payables to generate a payment.

How do I receive training?
Online system demonstrations and quick reference cards are available on the Enron intranet in the Integrated Solutions Center Document Library at <http://sap.enron.com/sap_doclib/user/file_list.asp?cabinet_id=265>.
Note:  You must use the Enron standard Microsoft Internet Explorer to view these materials.

Who do I call for help?
*  For help using the iBuyit Payables system, contact the ISC Call Center at (713) 345-4727.
*  For invoice payment status, contact the Accounts Payable Call Center at (713) 853-7127
 or toll free at (866) AP ENRON, or send an e-mail to iBuyit.payables@enron.com <mailto:iBuyit.payables@enron.com>.

Questions?
For general information about iBuyit, send an e-mail to <mailto:ibuyit@enron.com>.

<Embedded Picture (Metafile)>


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 12/27/99 04:16
PM ---------------------------

	Enron North America Corp.

	From:  Melissa K Ratnala                           12/15/99 09:28 AM

To: Brent A Price/HOU/ECT@ECT, Tommy J Yanowski/HOU/ECT@ECT, Brenda F
Herod/HOU/ECT@ECT, Inja Chun/HOU/ECT@ECT, Dave Nommensen/HOU/ECT@ECT, Alan
Conner/HOU/ECT@ECT, Paul F Poellinger/HOU/ECT@ECT, Scott
Williamson/HOU/ECT@ECT, Jaikishore Bharathi/HOU/ECT@ECT, Jim Ogg/HOU/ECT@ECT,
George Smith/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Mary M
Smith/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
Mark Friedman/HOU/ECT@ECT, Gary Nelson/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT,
Mechelle Stevens/HOU/ECT@ECT, Angela Henn/HOU/ECT@ECT, O'Neal D
Winfree/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Melissa K
Ratnala/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT, Kristen J
Hanson/HOU/ECT@ECT, Cynthia Hakemack/HOU/ECT@ECT, Troy Klussmann/HOU/ECT@ECT,
Julia Sengele/HOU/ECT@ECT, Lisa B Cousino/HOU/ECT@ECT, Stephen -ECT-
Schwarz/HOU/ECT@ECT, Joe Villela/FGT/Enron@Enron, Kenneth M
Harmon/HOU/ECT@ECT, Regan M Smith/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT,
Scotty Gilbert/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Randall L
Gay/HOU/ECT@ECT, John Valdes/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Judy Barnes/HOU/ECT@ECT
cc:
Subject: Unify Close Schedule

The following is the close schedule for this coming month (year-end.)  Please
keep in the mind the following key times....

Unify to Sitara bridge back 1:45p.m. Thursday, Dec 30th (all errors must be
clear by this time)
Mass draft at 6p.m. Thursday evening, Dec 30th.
Accrual process begins Friday morning, Dec 31st at 6:30a.m.  (If your group
impacts the accrual, please ensure that the necessary people are available
for support if needed, as this is an Enron holiday.)

Please feel free to contact me should you have any questions.
Thank you, Melissa x35615


Thanks.  Will do.  It's going to be a long haul.


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Richard - in response to your memo dated 7/18/00:

First of all I'm confused by her attorney's letter dated 6/27/00 regarding
the reference of a per share prices of $8.68 and/or $4.34.  I don't have a
clue where this number came from.  Nowhere in the Securities Purchase
Agreement (SPA) is there any reference to a "per share" price.  Under Sec.
2.03 all prices referenced are in millions of dollars aggregate format.
Pursuant to Sec. 2 of the Securities Purchase Agreement (SPA) dated 7/14/99
ECTMI purchased from the selling shareholders +/- 85% of the stock of Ecogas
for an Initial Payment of $23.75 million.  Of this amount $3 million was
withheld [pursuant to Sec. 2.03(g)] pending Ecogas' successful termination of
Montauk's "right of first offer" on or before 12/31/99.  This milestone was
NOT achieved until March 28, 2000 when a restructuring of various
Ecogas/Montauk/GSF (the former jv partnership between Ecogas and Montauk)
issues was completed.  Therefore, of the $24 million Initial Payment, $3
million was forfeited for Ecogas' inability to meet its obligations pursuant
to the SPA.
In summary, Article II, Secs. 2.03(b) and (c) of the SPA includes provisions
for an Intermediate Payment and Final Payment, respectively, subject to
certain milestones being met.  These milestones can be described basically as
a two-part test.  The first criteria requires Ecogas to be producing and
selling in excess of 27,000 MMBtu/d of natural gas (methane) and the second
criteria being a requirement for Ecogas to be doing son in a profitable
manner (i.e., an EBITDA test).  Both test criteria are applicable to both the
Intermediate and Final payments which means the criteria would have to be
satisfied on 4/14/00 and 1/14/01.  In theory, both payments and the criteria
requirements are part of very complex calculations involving the translation
of a number of defined terms within the SPA.  Practically speaking, they can
be summarized as a) gas production and sales in excess of 27,000 MMBtu/d and
b) enough positive/excess cash flow above and beyond operating expenses, G&A
and CapEx to provide a minimum rate of return.  For the record, on 4/14/00
Ecogas' production and sales rate was approximately 3500-4000 MMBtu/d,
significantly below the 27,000 MMBtu/d requirement and their cash flow was
actually negative.  Theoretically, the criteria could still be met insofar as
the Final Payment is concerned since the "deadline" is not until 1/14/01.

The obvious issue here is their false misconception that they are due
"installment payments."  Both the Intermediate and Final Payments referenced
above are predicated upon Ecogas achieving two very specific
performance-based milestones, neither of which of close to being satisfied as
of 4/14/00, the Intermediate Payment date.  As I said above, the Final
Payment is still outstanding but is likewise subject to Ecogas successfully
achieving the same perfomance-based criteria.

If they persist and want to have the actual data, I would suggest you have
them contact Jerrel Branson (Barbara's former husband) and have him explain
the details and/or supply the information.  His number in Jackson Hole, WY is
(307)734-8664.

RANDY


The report named Violation/Notification Memo, published 10/16/2001 is now available for viewing on the website.

http://erv.corp.enron.com


Good Afternoon All!

Cheryl has just contacted me; she is not finished with her personal items and will be taking the rest of the day as a vacation day.  If you should need my assistance, please feel free to contact me directly.  Thank you for your attention to this matter.
Kind Regards,
Keegan Farrell
EB3875
713-345-3317


Critical Migration Information:

1. Your scheduled Outlook Migration Date is THE EVENING OF : May 15th
2. You need to press the "Save My Data" button (only once) to send us your
pre-migration information.
3. You must be connected to the network before you press the button.
4. If a POP-UP BOX appears, prompting you to "ABORT, CANCEL OR TRUST SIGNER"
please  select TRUST SIGNER.
5. Any information you Add to your Personal Address Book, Journal or calendar
after you click on the button will need to be manually re-added into Outlook
after you have been migrated.
6. Clicking this button does not complete your migration to Outlook. Your
migration will be completed  the evening of your migration date.

    Failure to click on the button means you WILL NOT get your Calendar,
Contacts, Journal and ToDo information imported into Outlook the day of your
migration and could result in up to a 2 week delay to restore this
information.

If you encounter any errors please contact the resolution center @
713-853-1411


We are bringing in Associate Candidates for Super Saturday this upcoming weekend and we are looking for associates to help host our Saturday evening dinner at Teala's, 3210 West Dallas.  The dinner will be from 6:00 p.m. - 8:30 p.m.  If you are available to help out please email Dolores Muzzy.  We will also have another Associate Super Saturday on the weekend of November 30th - December 2nd.  We will be in need again of dinner host for the Saturday evening dinner.  It will be at the same time and also at Teala's.  If you are not available this weekend but would like to participate on the next Associate Super Saturday please email Dolores Muzzy as well.

Thanks for your participation.

Dolores


Start Date: 1/25/02; HourAhead hour: 24;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012524.txt


This request has been pending your approval for  80 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000058213&Page=Approval to review and act upon this request.

Request ID          : 000000000058213
Request Create Date : 9/5/01 1:07:01 PM
Requested For       : tammie.schoppe@enron.com
Resource Name       : Global Messaging North America Additional Mailbox Space (25 Meg Increase)
Resource Type       : Applications


---------------------- Forwarded by Chris Germany/HOU/ECT on 10/25/2000 07:56
AM ---------------------------

Chris Germany
10/24/2000 06:10 PM
To: Jeffrey Porter/HOU/EES@EES, dscott1@columbiaenergygroup.com, Michael H
Garred/HOU/EES@EES
cc: Victoria Versen/HOU/ECT@ECT
Subject: Nov Capacity

I checked the CGLF and CGAS capacity against Navigator.  Take a look and let
me know what you think.  Also, do you know the demand charges for the CGAS
items highlighted in purple?


---------------------- Forwarded by Richard B Sanders/HOU/ECT on 01/31/2000
09:50 AM ---------------------------

"Laura Gibson" <lgibson@ogwb.com> on 01/27/2000 09:04:25 AM
Please respond to lgibson@ogwb.com
To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: Phone tapes for Ed Baughman

Richard, did you ever have a chance to pull the July, Aug. phone tapes for
Ed Baughman? While we are waiting on service on Calpine I would like to go
ahead and review them if possible.

 Do you have lunch plans today? If not, do you want to meet at the new Post
Oak Grill (under Reliant's building) for a quick bite to eat?  Let me know.
Laura


<<City of Austin Blackline Original to Final.DOC>>

Here is the blackline showing changes from the original agreement to the
final one I sent to you last week.
 - City of Austin Blackline Original to Final.DOC


By the way, I still couldn't open this.
m


Toby Mattox
713-345-5149


The question of the day is, do you have access to our Lotus Notes Database?


Can you get your asst to set up a call with Kathy for Wed, Thurs, or Fri?
Thanks

	showard@agsk.com
	04/16/2001 08:10 PM

		 To: Richard.B.Sanders@enron.com
		 cc:
		 Subject: NSM Status Reports

Why don't I start sending you a brief e-mail every Friday summarizing
activities in the case for that week and what is coming up soon.  Nothing
fancy or time consuming, just a brief update

For example:

Today:

          (1) The court in California (a) ruled that Natwest does not have to
disclose tapes of conversations with Cravath in October of 1998, even about
March 1998 disclosures, and even though Natwest is asserting an advice of
counsel defense with respect to the March disclosures and (b) deferred ruling
whether Natwest must disclose conversations with Cravath in March 1998
concerning disclosure issues relating to the C Tranche.  (I want to find out
what this is about; maybe Enron would be interested in such information.)

          (2)  Defendants had a conference call to discuss an effort by
Natwest to postpone the trial in California until September.  I don't think
Natwest has much chance to succeed, but they are going ahead.  I am not
planning for  ECT Securities to take a position.

          (3)  We served unsigned copies of Gerry McGrath's report, after
removing a big section discussing Hellmold's report in light of Tom Hatch's
statement to me that Hellmold would not be opining on anything specific to ECT
Securities.

Later this week:

        Hellmold's deposition is scheduled for this Thursday and Friday in NY.
 I plan to attend and will pin him down about whatever he has to say, or not
say, about ECT Securities.

Do you have time tomorrow for us to call Kathy about Ponti Singh's depo (and
also her remark on the street to Brian that McDonald is going to blame Enron
for something concerning related party transactions?

Steve Howard
Alschuler Grossman Stein & Kahan LLP
phone: 310-407-7613
fax: 310-552-6077
cell:  213-716-0536
e-mail:  showard@agsk.com

   ................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

2049 Century Park East
Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077

This transmission is intended only for the use
of the addressee and may contain information
that is privileged, confidential and exempt from
disclosure under applicable law. If you are not
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responsible for delivering the message to the
intended recipient, you are hereby notified that
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this communication is strictly prohibited.

If you have received this communication
in error, please notify us immediately
via e-mail at postmaster@agsk.com or
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...............................................


Greg: Congratulations once more and thanks for your help.

 -----Original Message-----
From: 	Greg_Hathaway@dom.com@ENRON
Sent:	Friday, November 30, 2001 10:23 AM
To:	Mckay, Brad
Cc:	b.mckay%enron@dom.com
Subject:	brad.karp@edftrading.com

Greg Hathaway

Office Phone: 804.273.4421

Virginia Power Energy Marketing
5000 Dominion Blvd.
Glen Allen, Virginia 23060
Fax: 804.273.2927

greg_hathaway@dom.com


Molly,

Jill is a daughter of my friend. She contacted our Analyst/Associate Program
but her background makes her a better candidate for an HR position.
Do you know  if we are looking for somebody with her skills?

Vince

 -----Original Message-----
From: 	"Jill Schoenemann" <jschoenemann@hotmail.com>@ENRON [mailto:IMCEANOTES-+22Jill+20Schoenemann+22+20+3Cjschoenemann+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, August 21, 2001 10:27 PM
To:	Kaminski, Vince J
Subject:

Hi Vince,

I'm Presly's daughter, Jill.  I believe that he had told you I would be
sending my resume your way.  I am interested in the Associate HR and Analyst
program that Enron offers.  I have actually spoken with someone in Hr
regarding the program.  Her name is Adrianne Engel.  I have not heard from
her any further at this point.

I have been trying to get into the HR field here in Austin and it has been
very tough in this tight market.  I would love the opportunity to interview
with Enron.

I appreciate any help you can provide.

Sincerely,
Jill Schoenemann

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

 - HR Resume.doc


Dear MARY K SYMES,

Thank you for your order. We are currently reviewing for completeness and
accuracy.
A separate email with your Dell Order number(s) will be sent to you after the
order is processed.

A recap of your order is provided at the end of this message for your
reference.
We encourage you to verify, print, and retain the information on this page
for your records.

Date Submitted: 2/26/01 4:29:34 PM

If at any time you have questions regarding your order please contact your
Dell Sales Representative:

Name:  Employee Purchase Program
Email: enterprise_online@dell.com
Phone: (800) 695-8133 ext 66402

Again, thank you for your order. We appreciate you buying from Dell and using
your Dell Premier Pages Service.

Sincerely,
Dell Premier Pages Service

Shopping cart includes 1 unique item(s)
Total Price: $0.00

Item Detail#:1
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Memory:                                  128MB SDRAM
Keyboard:                                QuietKey® Keyboard
Monitor:                                 17" (16.0 viewable, .28dp) E770
Monitor
Video Card:                              Intel 3D AGP Graphics
Hard Drive:                              20GB Ultra ATA Hard Drive
Floppy Drive:                            1.44MB Floppy Drive
Operating System:                        NEW Microsoft® Windows®
2000 Professional
Mouse:                                   Logitech First Mouse+ Wheel (PS/2v)
Network Card:                            Integrated Intel&#17410/100 Ethernet
Controller
Modem:                                   V.90/56K PCI DataFax Modem for
Windows
CD/DVD ROM Drive:                        48X Max Variable CD-ROM Drive
Sound Card:                              Soundblaster 64V Integrated
Speakers:                                harman/kardon Speakers
Bundled Software:                        Microsoft® Office 2000 Small
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Norton Antivirus&#174 at no additional charge:     Norton Antivirus® 2001
Hardware Support Services:               3 Yr Next Business Day On-Site Parts
& Labor,D1
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Software and Peripherals:                Power Point Upgrade

Single Item Cost: $0.00
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Sub-Total for Item: $0.00
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i'll ask

 -----Original Message-----
From: 	Baumbach, David
Sent:	Monday, October 22, 2001 1:29 PM
To:	Bass, Eric
Subject:	RE:

although he may be a little out of my league

 -----Original Message-----
From: 	Bass, Eric
Sent:	Monday, October 22, 2001 1:20 PM
To:	Baumbach, David
Subject:	RE:

i doubt it - he usually shops in town for his

 -----Original Message-----
From: 	Baumbach, David
Sent:	Monday, October 22, 2001 7:39 AM
To:	Bass, Eric
Subject:

I'm looking for a suit ... does your dad know a good place to get one in Sugar Land?

Dave


Please review for accuracy.  Thanks.  Sara

 -----Original Message-----
From: 	Ellen.Schubert@ubsw.com@ENRON
Sent:	Thursday, December 06, 2001 12:53 PM
To:	Shackleton, Sara
Cc:	Bryan.Murtagh@ubsw.com; Stephen.Thatcher@ubsw.com
Subject:	UBS FX payment

Sara-thank you for looking into this issue for us.  Here is a brief
summary of what occured.

UBS and Enron entered into a Sterling-UBS spot transaction on 11-19-01,
which both parties confirmed and settled on 11-21. (UBS pays USD
7,083,500 and receives 5 mio sterling).

On 11-21 UBS and Enron erroneously confirmed the same trade again for
settlement on 11-21. UBS made a second USD 7,083,500 payment to Enron's
account at BA-Dallas on 11-21 (payment reference: FED IMA
1121B1Q8052C001081).

UBS did not receive the Sterling it was expecting and for the next few
days Enron and UBS tried to resolve the non-payment based on a mistaken
assumption that Enron owed 5 mio Sterling to UBS.

On 11-28, UBS realized that the trade was duped and on 11-29 informed
Enron of the nature of the error and requested that the USD payment be
returned. Enron agreed to return the USD payment on 11-29. The returned
payment was never received.

If you need additional information please contact me at 203-719-1141 or
Bryan Murtagh 203-719-8955.  Here are our contacts at Enron who are
aware of this issue.

Laurel Adams - operations - (713-853-7035)

Clara Karrington - operations - (713-853- 9224)

Visit our website at http://www.ubswarburg.com

This message contains confidential information and is intended only
for the individual named.  If you are not the named addressee you
should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
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verification is required please request a hard-copy version.  This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.


---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/04/2000 11:07
AM ---------------------------

"Vanessa Wilson" <VWILSON@skadden.com> on 04/04/2000 10:30:48 AM
To: alan.janna@enron.com
cc: robtaylor@andrews-kurth.com, joana.ryan@enron.com, rgay@enron.com,
roseann.engeldorf@enron.com, MTHURBER@mail5.allegro.net
Subject: Fwd: GE Letter Agreement

Alan,

In response to your e-mail, the Letter Agreement has not been further revised
since I sent it to you on March 30th (that e-mail is attached hereto).

The open issues relate to the following items in Attachment 8 which contains
certain provisions to be used as part of the "Base Agreement:"

1.  The issue detailed in the attached of whether WestLB will indemnify GEII
against actions of the Enron entity acting as "Agent."  Rob Gay is reviewing
this issue.  This issue would impact Section 20.1(a).

2.  The inclusion of certain language that Enron has requested which would
more clearly establish that GEII's indemnity obligation includes
consequential damage claims by third parties.  The language at issue appears
in Sections 20.1(b) and 27.2.

At Brett Wiggs' request, Cheryl Costa is discussing the above issues with
GEII.  If you have any questions or comments or would like to discuss the
foregoing, please contact me at 713-655-5102.

------------------------------------------------------
This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(212) 735-3000 and permanently delete the original and any copy of any e-mail
and any printout thereof.

Further information about the firm, a list of the Partners and their
professional qualifications will be provided upon request.
Date: Thu, 30 Mar 2000 12:16:35 -0500
From: "Vanessa Wilson" <VWILSON@skadden.com>
Cc: MTHURBER@skadden.com
Subject: Fwd: GE Letter Agreement
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_EEB7315F.5938C8D4"

As requested, attached please find the e-mail I sent to Rob Gay to which the
current draft of the Letter Agreement with GEII is attached and which briefly
summarizes the indemnity issue we have been discussing.

If you have any questions or would like to discuss the attached further,
please feel free to contact me at 713-655-5102.

Date: Tue, 28 Mar 2000 17:36:15 -0500
From: "Vanessa Wilson" <VWILSON@skadden.com>
Cc: MTHURBER@skadden.com
Subject: GE Letter Agreement
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_EEB7315F.5839C9D5"

Rob,

Attached please find the current draft of the Letter Agreement (32581.7),
including Attachment 8 (32573.7) which sets forth various provisions to be
included in the Purchase Agreement.  Article 20 regarding indemnification is
included in Attachment 8.

As we discussed, West LB has some concerns regarding including language in
Article 20 which GEII requested by which West LB would indemnify GEII for
Enron's acts (in its capacity as Agent).  West LB has suggested they would be
willing to undertake this obligation if they are reimbursed by Enron through
the Acquisition and Development Agreement.  Today, for the first time, West
LB indicated that they may require a cap on this liability for Agent's acts
in the Purchase Agreement.

GEII has requested that West LB undertake this obligation and Enron has
agreed to pursue it with West LB.  In light of this, the language which would
establish West LB's indemnity obligation for the Agent's acts is not included
in the current draft of Attachment 8.

Please let me know how you would like to proceed.  As I mentioned, we are
trying to finalize the Letter Agreement with GEII very shortly.  I apologize
for any confusion and look forward to working with you on this matter.  If
you have any questions or would like to discuss this matter further, please
feel free to contact me at 713-655-5102.

Thanks,
Vanessa.

 - 32581_7.doc
 - 32573_7.doc
 - 32614_2.xls


cost about 200,000-300,000

	our internal estimates were in the 102-106 range, so no.  i think pira overestimating the gas gen burn for the week.  problem is there is no real good burn for at least two weeks going forward.  we've dropped $1.5 in a couple months and havent picked up an mmbtu of demand.  that's a big problem

 -----Original Message-----
From: 	Fraser, Jennifer
Sent:	Thursday, June 21, 2001 6:36 AM
To:	Arnold, John
Subject:	aga

1- did the intern help or hurt you?
2- do u buy PIRA's suggestion a correction is looming?


---------------------- Forwarded by Chris Germany/HOU/ECT on 03/10/2000 07:05
AM ---------------------------

jporte1@columbiaenergygroup.com on 03/10/2000 06:39:45 AM
To: " - *Scott.Goodell@enron.com" <Scott.Goodell@enron.com>
cc: " - *Dick.Jenkins@enron.com" <Dick.Jenkins@enron.com>, " -
*Chris.Germany@enron.com" <Chris.Germany@enron.com>, " -
*Scott.Hendrickson@enron.com" <Scott.Hendrickson@enron.com>, " -
*Robin.Barbe@enron.com" <Robin.Barbe@enron.com>, " - *Kinney, Doug"
<dkinney@columbiaenergygroup.com>, NOTES -BPERRON *
<bperron@columbiaenergygroup.com>, " - *mflewel@columbiaenergygroup.com"
<mflewel@columbiaenergygroup.com>
Subject: Re: TCO Capacity Due 3/15

Thanks. We have been watching Navigator and saw these too. I am talking with
John Hodge also and may be back with you.


My contact there is John Porter.  His email is:  japorter@tva.gov.  I will
send you the rest of the info as I receive it.  Thanks for your help.

-Joe


Michael.

Thanks a lot for a very quick response. It looks fine.

Please, forward it to Margaret Carson. Please, explain the data source. She
may expect NYMEX as the data source for natgas and WTI.

Vince

Michael Sergeev
04/11/2000 09:41 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: WTI CRUDE PRICE and NY Harbor Resid prices VS HENRY HUB and New
York city gate gas BY MONTH

Vince, here's the numbers and two charts. the charts represent the same
information but have different styles. one has all of the prices on the same
scale, and the other has crude and resid on one scale and natural gas on
another.
ms


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Thanks for the response! I know the feeling......(is it only Wednesday?)

Evelyn Metoyer@ENRON
03/28/2001 03:27 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/38 Checkout

Actually the deal did get vernballed......for some reason Amerex just hasn't
put it in their system yet ..............My fingers are typing faster than my
brain is moving today.

Just disregard!!

Evelyn

   Kate Symes @ ECT                03/28/2001 05:08 PM

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

Subject: Re: 3/38 Checkout

Mark says it's a good deal - any reason why it didn't get checked out?

Evelyn Metoyer@ENRON
03/28/2001 03:09 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/38 Checkout

deal 563473
Mark Fischer
Amerex does have this on there webcheckout and we did not verbal it.  Is this
a good deal with them?

   Kate Symes @ ECT                03/28/2001 04:41 PM

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

Subject: Re: 3/38 Checkout

AMEREX

Diana Scholtes
563461 - should be amerex/in as prebon/changed

Chris Mallory
563362 - he changed it to Prebon

PREBON

Chris Mallory
563461 - changed to amerex
563358 - killed/new heavy load deal entered - 563967

Evelyn Metoyer@ENRON
03/28/2001 02:32 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3/38 Checkout

AMEREX

Diana/Sean
I am missing the following deal:
1) Enron sells to Powerex MId-C light 3/29 at $140.00

Chris Mallory
Amerex does not recognize deal 563362

BLOOMBERG
All deals are o.k.

PREBON

Chris Mallory
deal 563461
Is this a duplicate of 563460 because Prebon only recognizes 1 deal

deal 563358
Prebon says should be heavy not light hrs.


Dear Project Sunrise Interviewees:

In order to complete gathering technical requirements, we will need to
conduct some follow-up interviews.   I will be scheduling the interviews with
all participants starting Wednesday December 6, 2000 to Monday, December 11,
2000.  Tuesday, December 12th will be reserved for rescheduling of
interviews.

The interviews will be scheduled for 30 minutes and will be conducted by two
members of the Project Sunrise technical team.   Before conducting the
interviews, the technical team will review the documented interviews to
determine any required missing information.    When possible, we will try to
replace the followup interview with a followup email and/or phone call to
limit your time commitment.

Typical follow-up questions will be:
What are your sources of data/information?
Where is the data/information currently stored?
Is the data/information automatically fed into SAP from another system?
Please provide samples of reports/queries (including detailed calculations)
that demonstrate the information you desire.

Please be prepared to answer the above mentioned questions and/or refer us to
the appropriate parties so that we can all make the best use of our time.
Please let me know your availability.  We will work around your schedule but
would prefer to conduct the interviews 9:00 am to 2:00 pm to permit writeups
to be done in the afternoon.

Thank you very much for your participation and patience.

Tzlem Mahmood
x53296


Debra:

Please verify that Mr. Dixon's facts are accurate.

Thanks!

Marie
 -----Original Message-----
From: 	"Dixon, Billy D" <billy.dixon@bp.com>@ENRON
Sent:	Tuesday, October 30, 2001 1:09 PM
To:	Heard, Marie
Cc:	St. Clair, Carol; Jones, Tana
Subject:	RE: BP Master Netting Agreement

Marie:

We don't show any trading contracts in existence with Vastar Gas Marketing,
Inc.  All of Vastar Gas Marketing,Inc.'s contracts were assigned to Southern
Company Energy Marketing after BP acquired Vastar.

Do you have any information otherwise?

Very truly yours,

BILLY
Billy D. Dixon
Attorney
BP America Inc.
501 Westlake Park Blvd., Rm 16.166
Houston, Texas 77079
Direct 281/366-4745
Fax 281/366-5901
billy.dixon@bp.com

***IMPORTANT -- THIS EMAIL AND ANY ATTACHMENTS HERETO ARE ATTORNEY-CLIENT
AND/OR ATTORNEY WORK-PRODUCT PRIVILEGED AND CONFIDENTIAL.  If you have
received this email in error, do not under any circumstances read, forward,
copy, disseminate or save this email or any of its attachments.  If you have
received this email in error, take the following actions: (1) reply to this
email indicating that you received this email in error, and (2) delete and
completely erase this email and its attachments from your computer and any
backup systems or "Deleted Items" folders.

-----Original Message-----
From: Heard, Marie [mailto:Marie.Heard@enron.com]
Sent: Tuesday, October 30, 2001 9:44 AM
To: billy.dixon@bp.com
Cc: St. Clair, Carol; Jones, Tana
Subject: BP Master Netting Agreement

Mr. Dixon:

Pursuant to Carol St. Clair's request, I am attaching our preliminary
list of the agreements to be under the BP Master Netting Agreement.
Since we don't own 100% of EOTT, any master netting agreement involving
EOTT will not be under this master netting agreement.

Please let us know if you have any questions or need anything else.

Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
marie.heard@enron.com

				 <<BP Master Netting Agreement File
Index.doc>>

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


Dear Mr. LARRY CAMPBELL:

Thank you for your order.

You sold 125 shares of BRCD (Brocade Communications Sys I Com) at 168 9/16.

ORDER DETAILS:
The tracking number for this order is: B-300-AAZK-8324
Order entered at:                      10:37:47 on 11/30/00
Order processing began at:             10:37:48
Order executed at:                     10:37:48 on 11/30/00

ACCOUNT DETAILS:
Time and Date: 10:37:48 on 11/30/00
Your position in BRCD is 0 shares
Your real cash total is $5,691.09

You will receive a printed Datek Online confirmation by postal mail, or by
electronic delivery if you are subscribed to that service.

Questions regarding this transaction? Contact our Customer Support department
by e-mailing support@datek.com. Please reference the order tracking number.


I approve.
----- Forwarded by Richard B Sanders/HOU/ECT on 05/10/2001 03:51 PM -----

	Linda R Guinn
	05/09/2001 09:13 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: 430729 Linda Guinn: iBuyit Security Request Form for

please review and submit with your approval.

thanks.

Linda Guinn
Enron North America
1400 Smith Street
Houston, Texas  77002
(713) 853-6104
(713) 646-3393 (fax)

----- Forwarded by Linda R Guinn/HOU/ECT on 05/09/2001 09:13 AM -----

	Claudia Meraz
	05/08/2001 08:51 AM

		 To: Linda R Guinn/HOU/ECT@ECT
		 cc:
		 Subject: 430729 Linda Guinn: iBuyit Security Request Form for

Linda - We need Richard to approve the following request.

---------------------- Forwarded by Claudia Meraz/HOU/ECT on 05/08/2001 08:47
AM ---------------------------

	Enron North America Corp.

	From:  SAP Security @ ENRON                           05/07/2001 01:15 PM

Sent by: Karen Kuhfeldt@ENRON
To: Claudia Meraz/HOU/ECT@ECT
cc:
Subject: 430729 Linda Guinn: iBuyit Security Request Form for

Dear Ms. Guinn,
Regretfully, we are unable to initiate the processing of your iBuyit Security
request, because certain criteria were not met. These criteria are:

1. As you indicated, "Yes" to the approver role, the form must be submitted
by someone at the appropriate approval level you are requesting. In this
instance, Mr.Richard Sanders or someone above him in your group, would be the
person to submit your request
3. The aforementioned submitter must indicate their approval of your
projected role as an Approver within the body of the email. This indication
need be no more than the words: "I approve." placed in the body of the email.

We will begin processing your request just as soon as receive your amended
Security Request Form.
Thanks,
Karen
SAP Security

	From:  Claudia Meraz @ ECT                           05/04/2001 12:58 PM

To: SAP Security@enron.com
cc:

Subject: iBuyit Security Request Form for Linda Guinn

Please find attached a Security Request Form for Linda Guinn, as approver.

Thank you,

Claudia M.
x-39407


Earlier today, the New York Public Service Commission released a 122 page
draft report prepared by its staff evaluating the NYISO. The report concludes
that the ISO must pursue a wide range of operational reforms and other
consumer safeguards to "ensure a more efficient and stable electric market
that will better protect consumers from dramatic price increases." The report
culminates a months-long investigation begun by the PSC last summer in
response to problems and price run-ups in the wholesale market.

The major recommendations in the Report, some of which have already surfaced
in recent ISO Committee meetings, would be devastating to a competitive
wholesale market and would largely reregulate prices in New York. They
include the following (taken directly from the PSC's Press Release):

Reforming rules and procedures to improve the efficiency of the market and
minimize opportunities for market manipulation, or "gaming," by owners of
electricity generating facilities;
Initiating a $150 per megawatt hour price cap on generators to maintain
reasonable market clearing prices;
Creating a "circuit-breaker" mechanism that will prevent market power abuses
at levels below $150/MWH;
Lowering price thresholds significantly to allow the NYISO to step in more
quickly to investigate and mitigate price spikes;
Granting the NYISO retroactive refund authority to return to consumers gains
that generators improperly derive from market power abuse; and,
Creating a strong deterrent against price abuses by penalizing generators who
repeatedly use improper tactics to raise prices above competitive levels.

The NYPSC, of course, has no legal authority to impose any of these
recommendations. However, they are likely to muster support from the
Transmission Owners, governmental entities and loads, that usually control
enough votes to just  pass a motion at an ISO Committee. This will set up a
confrontation with the ISO Board, which is walking a delicate tightrope
between maintaining its independence and supporting a competitive wholesale
market on the one hand, and dealing with the politics of a hostile
Administration in New York. Last summer, as you may recall, the Board
rejected the $1000 bid cap pushed through by the PSC, voting instead for a
$1300 cap. That action was set aside by FERC, which reimposed the $1,000
level and then made it applicable in New England as well so that there would
be consistency among the three Northeast ISOs (PJM already had the $1,000
cap.)

Thus, whether NY follows the lead of California is likely to be determined by
FERC, and it will have to carefully consider the consistency concerns it
raised last summer in ultimately deciding whether it's OK for New York to set
price caps below its neighboring ISOs.

Attached is a copy of the PSC's Press Release and Report.

http://www.dps.state.ny.us/fileroom/doc8945.pdf


Jim:
It was a pleasure speaking with you yesterday.  Based on our conversation,
this email includes the following:

An Enron contact to discuss developing small-scale, distributed generation on
Tribal lands.

Our views on the impediments to small scale, distributed generation and
suggestions on how to remove those impediments.

A description of the credit issues that continue to impede DWR,s ability to
sign contracts with power suppliers, and options to resolve them. Two
possible options for addressing the credit issue are 1) a California PUC
order clarifying that DWR will recover its power purchase costs through
rates, and 2) an amendment to AB1X designed to accomplish the same goal.  I
have attached talking points regarding the California PUC order and proposed
amendments to AB1X.  We believe that an amendment to AB1X is the preferable
option.

Our assessment of the supply/demand picture in California and the West.

Our suggestions for a legislative package designed to solve both the near-
and long-term electricity crisis in California.  We will deliver to your
office tomorrow detailed legislative language.  In those materials we will
also identify existing bills that we believe can easily accommodate our
proposed language.

I hope that the information is useful.  Please do not hesitate to contact me
if you would like to discuss these materials further, or if there is anything
else that I can do to assist you.

Regards,
Ken

1. Contact Information to Discuss Interest Expressed by Native American
Tribes in Installing Small-scale Generation on  Tribal Lands

David Parquet, Vice-President
Enron North America
101 California Street, Suite 1950
San Francisco, CA 94111
Phone: 415.782.7822

2. Key Barriers to Distributed Generation

Excessive and Unnecessary Utility Stand-by Charges
Solution: The executive orders issued by the Governor on February 14th took a
step in the right direction.  Utility stand-by charges have always been
designed by the utilities to protect their monopoly position, extract
monopoly prices from customers, or both.  But there is no reason to limit the
elimination of these charges to generation facilities that are less than
1MW.  These limits will only lengthen unnecessarily the time it takes for
California to close the significant gap between supply and demand and reduce
the risk of black outs.  We would propose lifting the cap through amendments
to SB27X, which is designed to facilitate development of distributed
generation.

Excessive delays and costs related to interconnecting facilities with
investor-owned and municipal utilities
Solution:   The Governor,s executive order regarding interconnection is a
step in the right direction*D-D-26-01 requires utilities to complete
interconnection studies within 7 days.  California should ensure that this
requirement applies to all generation facilities, including distributed
generation.  In addition, the financial conflicts the utilities face when
interconnecting generation facilities are simply too powerful to overcome
through executive orders or other regulations.  To the greatest extent
possible, California should shift control over interconnection away from the
utility and place that control with the California ISO.  This could be
accomplished through amendments to SB 27X.

Permitting and Air Quality Issues
Developers of distributed (i.e., &on-site8) generation that is 50 MWs or
greater must receive certification from the California Energy Commission and
therefore faces all of the impediments to development that large-scale
generation faces.

Solution: California should ensure that the executive orders (D-22-01 thru
D-26-01) issued by the Governor to expedite plant siting and maximize plant
output apply equally to smaller scale, &distributed generation8 facilities.
In addition, distributed generation that is less than 50 MWs continues to
face local opposition.  The State should ensure that local, parochial
interests cannot block otherwise beneficial distributed generation projects.
These objectives could be accomplished through amendments to SB27X.

3. Credit Concerns Regarding Authority Granted to DWR in AB1X to Purchase
Electricity on Behalf of the Utilities

Enron responded to the RFP issued by DWR to enter into power contracts with
suppliers.
Enron is in active discussions with DWR to establish contract terms with the
goal of entering into a power purchase agreement as soon as possible.
However, ambiguities contained in AB1X have created significant credit risk
concerns that need to be resolved in order to finalize contract terms.
We understand that the lion,s share of counterparties share Enron,s credit
risk concerns.
Enron has proposed several options for resolving the credit risk issues and
is working with DWR to arrive at a solution that is mutually agreeable to
both sides and that might serve as a template for power purchase agreements
going forward.

Summary of the Source of the Credit Risk Issue

Ambiguous Ratemaking Authority
The language in AB1X leaves ambiguous whether DWR has any authority to charge
California ratepayers for the costs of purchasing power.  From our analysis
of the bill, the language in AB1X appears to leave intact the California PUC,
s exclusive jurisdiction over ratemaking in California.  As such, suppliers
have no assurance that the PUC will agree to include in rates adequate
charges to cover DWR,s costs of power purchases.

Ambiguous Regulatory Authority Regarding Contract &Prudence8
The language in AB1X leaves open the possibility that the California Public
Utilities Commission could determine that power purchases made by DWR are
&imprudent.8  On the basis of such a finding, the CPUC could then refuse to
allow DWR to collect from ratepayers the costs associated with its power
purchases.  Consequently, suppliers have no assurance that the PUC will agree
to include in rates the charges to cover the costs of power contracts that
DWR has entered into with suppliers.

Ambiguous Language Regarding the Ratemaking Mechanism that Will Be Used to
Recover DWR,s Costs of Power Purchases
In addition to the ambiguity regarding ratemaking and regulatory authority
noted above, the language in the bill is equally ambiguous with respect to
the specific ratemaking &mechanics8 that AB1X directs the PUC to employ to
permit DWR to recover its power purchase costs. Based on our analysis, it is
extremely difficult to determine how the PUC would design the rates to ensure
DWR recovers its power purchase costs.  Moreover, as currently drafted, it is
difficult to determine whether AB1X would even permit the PUC to include in
rates all of the charges necessary to fully recover DWR,s power purchase
costs.  Again, this ambiguity raises significant credit risk concerns since
suppliers have little assurance that DWR will have the ability to recover
from ratepayers the costs of purchasing power.

Options to Resolve Concerns Regarding Credit Risk

We have been working diligently with DWR officials to resolve the credit risk
issues.  We have identified three options:

Amend AB1X
The amendments, which are attached to this email, would clarify that a) the
PUC would accept as &prudent and reasonable8 all purchase costs incurred by
DWR, and b) the PUC is obligated to include in rates the charges necessary to
ensure that DWR fully recovers its costs of power purchases.  This is the
preferred option, though we understand that the there may be some political
challenges standing in the way of amending AB1X.  (See attached file
entitled, &XXXX8.)

Clarify the Ambiguities in AB1X through an Order Issued by the PUC, and
through Contract Language
This is the option that we are currently working with DWR officials to
implement.  However, it is more complicated and could take significantly more
time to implement than the "legislative" fix.  We have attached electronic
copies of the talking points related to the order that the California PUC
would need to issue under this option.  (See attached file entitled, &XXXX.8)

Make Use of Other Instruments Designed to Address Credit Risk
As indicated in our letter responding to DWR,s RFP, we are willing to accept
other forms of credit from DWR.  Those options include a letter of credit,
cash prepayment, or an acceptable form of collateral.  DWR officials have
indicated to us that it prefers to pursue the second options, that is,
clarifying the ambiguities in AB1X through a PUC order and through contract
amendments.

4. California,s Supply-demand Picture Heading into Summer 2001

Both the California Energy Commission and Cambridge Energy Research
Associates, a private sector energy think tank, have issued reports showing
that California faces a severe supply-demand imbalance.  They differ only on
how much and how soon additional supply will be made available.  All credible
sources agree supply supply will be very tight throughout the Summer of
2001.

CEC and CERA both forecast that California will be this summer short by
approximately 5,000 MW.   These numbers are in line with our estimates.
California,s supply base currently has a 6% capacity margin, well below the
average 15-20% which is recommended for reliable system operation in the
West.  Since the West relies more heavily upon hydroelectric power than other
regions, reserves are particularly important, owing to the unpredictability
of the weather and the dry year the West has had thus far.

In the event of a low rain and snow period, the system must possess the
flexibility to respond to the reduced availability of power supply.
California,s very low reserve margin makes it especially susceptible to
this.  Other reasons for reduced supply for the Summer of 2001 include the
early draw down of reservoirs close the supply-demand gas this summer,
emissions restrictions on existing plants, and a reduced number of customers
who can be curtailed.  Cambridge Energy Research Associates asserts that at
the current pace of siting, permitting and construction, adequate supplies
will not be added to correct the market imbalance until 2003 at the earliest.

CERA predicts that California is likely to face approximately 20 hours of
rolling black outs this summer.  The CEC paints a considerably more
optomistic scenario, banking that California will bring an additional 5,000
MWs on line to meet peaking summer demand.  It is our view that the
California should view the CEC's predictions regarding increased supply with
considerably skepticism.

5. Suggested Package of Legislative Proposals Designed to Solve California,s
Electricity Crisis

This email offers an overview of our proposed legislative solution.  We will
deliver to your office tomorrow specific legislative language and existing
bills that we believe can accommodate our proposals.

As we have suggested throughout the crisis, any solution to California crisis
must focus on four issues:

Increase supply
Decrease demand
Establish a truly competitive retail electricity market
Return California,s Investor-owned utilities to solvency

Increase supply--Legislative vehicle: SB28X (Sher)
To site and construct a power plant in Texas takes approximately 2 years.
Enron and others have completed the entire process in other states in less
than a year.  In California, complex and costly air quality regulations
exacerbate California,s inability to site power plants.

The Governor,s executive orders and Senator Sher,s siting reform legislation
are steps in the right direction.  Our suggested amendments can improve those
efforts by:

Decrease demand*Legislative Vehicle:   AB31X
Because of the delay in implementing a solution to California,s electricity
crisis, closing the supply-demand gap through energy conservation and
efficiency offers the best chance of avoiding blackouts this summer.  This
can be accomplished most effectively and quickly in two ways:

Buy-down demand
California is tapping into an enormous amount of money from the General Fund
to finance DWR,s power purchases.  California could likely reduce demand more
cheaply by running an auction to determine the payments businesses would be
willing to receive to reduce demand for a sustained period (e.g., through the
summer months).  DWR could very easily run an on-line auction to determine
the best price it could pay for these demand reductions.  To participate,
businesses would be required to have the metering equipment necessary to
monitor and verify that they are actually achieving the reductions.  Enron
has developed an on-line auction software package, &Dealbench,8 that it would
be willing to contribute to the effort.

Use Price Signals to Incent Voluntary Curtailment

To work, customers need access to the following key elements:

An internet based hour-ahead price posting system to track the market price
for hour-ahead power in real time.
Real-time metering systems for baseline demand and voluntarily curtailment
verification.
Settlement process that allows for market clearing prices of energy to be
paid for load reduction (&Negawatts8).

The potential benefits of an effective demand response program would include:

&creation8 of additional summer peaking capacity in California, particularly
in the short term, without requiring construction of additional generation
resources.
reduction of  peak or super-peak load on the over-stressed California
electric system, thus potentially reducing the overall cost of electricity in
the state.
fostering of demand elasticity without subjecting customers to the full risk
of hourly market price volatility by passing market price signals to
customers and allowing them to voluntarily shed load and be compensated for
responding.

We estimate that we could generate a summer 2001 on-peak demand response in
excess of 400 MW during certain high cost hours, and a demand response for
summer 2002 on-peak hours that could exceed 1000 MW.  We further estimate
that the market response to this program from all ESPs who would also pay
Access Fees could be 2 to 3 times that amount.  We recommend that the State
of California provide rebates directly to customers to fund the installation
of advanced metering and control systems that would support load curtailment
implementation.

Establish a truly competitive retail electricity market*Legislative vehicle:
SB27X
The only customers who were protected from price volatility in San Diego were
customers who chose Direct Access and signed fixed price deals with energy
service providers.  Ironically, AB1X takes that important option away from
customers and businesses.  It is critical that AB1X be amended to remove the
prohibition against Direct Access.

In addition, California will only achieve a competitive retail market when
the utility is removed completely from the procurement function.  Procurement
is not a utility core competency, as evidenced by the dire financial
condition in which the utilities now find themselves.  California should
therefore begin now to gradually phase the utility out of the procurement
function entirely, with the goal having all customers served by a non-utility
provider within 36 months.  To execute the transition, California should hold
a competitive solicitation in which competing service providers would bid for
the right to serve segments, or &tranches,8 of utility load.

Return California,s Investor-owned utilities to solvency*Legislative vehicle:
AB18X
Utility bankruptcy will not increase supply and it will not decrease demand.
In short, bankruptcy does nothing to solve California,s supply-demand
imbalance.  In addition, bankruptcy increases the likelihood that consumers
and businesses will bear the significant financial risks of having California
State government assume the role of &electricity buyer8 for an extended
period of time.

California can return the utilities to financial solvency by implementing a
series of staged rate increases.  California should design those rate
increases with the dual goal of returning the utilities to solvency without
&shocking8 the economy or consumers, wallets (e.g., amortize the recovery of
the utilities, debt over a 5-10 year period). The magnitude of the rate
increase can be reduced in two ways: First, the utilities could absorb some
portion of their existing debt in recognition of the risk they accepted when
they agreed to the structure of AB 1890.  Second, California can &net8 the
revenues the utilities have received from selling electricity into the Power
Exchange against the debts they have accrued due to the retail price cap.


need to enter new transaction, contacts, etc.


Wake up!  Wake up and email me.

Dana.Davis@enron.com


Hi, Sal.   Just talked with Cindy and she said you're still trying to work
out weekend plans.   I want to reiterate that, although it would be great to
have you here, please don't make it too hard on yourself.  Don't pressure
yourself to come; I will totally understand if you do not.   If you don't
come this weekend, I bet you will be here soon anyway - because this tummy
is sure to erupt in the near future!    Either way is great.

Just had to go get some more clothes (at Motherhood)  . . . since I am
carrying all of my weight in my belly, it has expanded to epic proportions
and I cannot fit into my pants!

Set up the baby bedding this weekend - it looks really cute!    But I
couldn't figure out what do with the mattress pads (what do the cords fit
around?)   Instead I put that cottony thing with the netting on as a
mattress pad.   Is that what it is for?    I know you explained all of this
to us in December, but we could not take it all in at that time!    love, c.

Cara White
Community Development Coordinator
USTA Texas Section
1-888-883-6388
cWhite@texas.usta.com


Stan,

Per Jeff's request, I have forwarded the resume you attached to Philippe
Bibi, President & CEO of Enron NetWorks.

Jeff would be interested in a tour of the building.  Would if the afternoon
of May 8, at 3:30 would work for your schedule.  At Jeff's request, I plan on
including Bill Donovan.

Thanks,
Joannie

stanmarek@marekbros.com on 03/14/2001 08:49:41 AM
To: jeff.skilling@enron.com
cc:

Subject: Follow-Up - Brent Larsen

Jeff,

How's it going in the world of energy?  I enjoy reading about you and your
adventures. Sounds like you might be having a little fun as well.

Attached is a resume from an acquaintance of mine.  Nice guy and would be
credit to anyone's organization.  Thought you  might forward it to
personnel.

Don't forget you've got a lifetime warranty on the drywall in your house.
My compliments.  Call me if you have any problems.  Also I walked your new
building last week.  Quite impressive, especially what we're having to
build on a tight schedule.  Should really be nice.  If you'd like a
personal tour, let me know.  I'd love to put you in a hardhat and introduce
you to the team that's doing all the work.  Would make a great shot for my
in-house publication and maybe yours as well.

Miss seeing you at our Forum meetings.  WPO is not as much fun as YPO.
Enjoy it while you can!

-Stan
----- Forwarded by Stan Marek/MBS on 03/14/01 08:44 AM -----

                    "Brent R. Larsen"
                    <brent.larsen@redm        To:
<stanmarek@marekbros.com>
                    eteor.com>                cc:
                                              Subject:     Follow-Up - Brent
Larsen
                    02/19/01 05:26 PM
                    Please respond to
                    brent.larsen

Hi Stan:

It was good to meet you this morning. I've enjoyed working out with Joel;
he's a good "kid" and I can certainly relate to his Midwest roots and Iowa
State background. I grew up on a grain/livestock farm in Gladbrook, Iowa, a
town of under 1,000 people, and did my BS at Iowa State and MBA at Kansas
University.

I'm currently working as Director, Business Development at RedMeteor.com,
an
internet-based energy brokerage company. We compete against Altra Energy,
EnronOnline, InterContinentalExchange and HoustonStreet. We started with
$22
million in venture capital, but need an additional infusion of capital to
build out our business model. I think it's going to be difficult for us to
attract additional funding in this climate, so I'm interested in making a
move to another employer when I find the right fit.

As I mentioned this morning, I've been talking with Conoco recently (my
previous employer for 9 years) as well as Enron's Broadband Services group.
I'm looking for a Houston-based business development position that would
build on my eCommerce experience at RedMeteor or my oil & gas pipeline
operations background. I've also met with Reliant Energy recently although
I
understand they've suspended hiring in their trading/eCommerce groups due
to
the California crisis.

Any suggestions you would have would be appreciated. Thanks for your time.

Brent Larsen
W: 281/243-6527
C: 832/724-7666

(See attached file: B Larsen 2-16-01.doc)

 - B Larsen 2-16-01.doc