Resending,  Didn't go through the first time.
 -----Original Message-----
From: 	Nemec, Gerald
Sent:	Monday, June 18, 2001 7:30 PM
To:	'Ernie.J.Zavaleta@fritolay.com'; 'LT Bieraugel '
Cc:	Nemec, Gerald
Subject:	RE: Dudes...

Hey Guys!  I just got back from traveling two weeks in China, so I am now able to answer my emails.  A friend of mine here at Enron has a brother that lives in China and he got married to a Chinese national.  So I decided to join them for the wedding and sightseeing.  The sights were pretty amazing.  Great Wall, Forbidden City, Tianamen Square, etc.  Definitely culture shock though.  I know what it feels like to be a rock star now.  I was pretty much stared at wherever I went.  I am sure they think I look like a big nosed western devil freak.  The food wasn't as bad as I thought, although I did get the trots the last two days in country.  I knew I shouldn't have eaten the mutton.

Fortunately I missed the flood of the century, Ernie!  I heard about it the first week in China.  Wasn't much I could do from China, so I just kept my fingers crossed and fortunately the house was safe and sound when I got back.  Some jackass drove up on my front yard and left some tire tracks.  There must have been high water in the street that he was trying to avoid.  Doooh!!

Other than that everything is going fine.  Doing the old dating thing!  Boy is that a ton of laughs.  Women at this age are definitely interesting.  I spend most of my time avoiding questions like, "Where is this relationship headed?"  Uh excuse me, but we only met last week!

Congratulations, Paul on little Chloe.  I checked out the pics on your website and the family looks great.  Bieraugel you still look the same as the last time I saw you, but  Whoa, is that a little gray hair I saw on you Paul?  Oh well, we all have chinks in our armor.  Seriously though it is a beautiful family and I know it must be tough to be away from them.  Are you going to be staying in the Navy for awhile?  10 more years and you can retire eh!

Ernie,  Sounds like things are going well at work.  Congrats on the promo.  We definitely need to do a better job of getting together here in Houston.  You need to get the wife and we need to have dinner one night or something!  The Buick sounds prime.  240HP ought to take care of it.  Sounds better than the shaka-mobile.  What the hell ever happened to that car anyway?  I still love to tell stories about that car.  You can't beat a K-mart lawn chair for comfortable automobile seating.  Ernie, I think my focus is on the 5 series BMW.  Unfortunately my stock portfolio has delayed my auto purchase for awhile.

Let's pledge to all do better at keeping in touch.  It is great to hear from you guys.  We need to plan a little get together when you get back from sea.  It has been to damn long. Take care and be safe, Bruddas.

Gerald
 -----Original Message-----
From: 	Ernie.J.Zavaleta@fritolay.com [mailto:Ernie.J.Zavaleta@fritolay.com@ENRON]
Sent:	Sunday, June 10, 2001 5:20 PM
To:	LT Bieraugel
Cc:	Gerald Nemec (E-mail)
Subject:	Re: Dudes...

You're right, we need to do better at keeping in touch.  Gerald and I live in
the same town, and we still hardly see each other!  Great to hear from you.

I know it's got to be the hardest thing to leave for six months, especially with
the new baby when mama needs you the most.  Do you guys have any family in town
at least?  You're wife is probably involved with a network of military wifes at
least.  It's hard for me to leave for even a couple of days.  The week after
next I am in Dallas for a week of training, that'll be the longest I've been
away.

Well, my wife just went to the movies with my oldest, Sophie (she's four).  I'm
home with my two boys who are both napping, so I actually have a minute to
write.  I am about to make lunch for my neighbor who is from South Africa.  His
family just left for SA for two months, so I'll probably have him over often.
We're about to cook some Elgin sausage, remmeber where that is Paul?  I was in
Austin for work on Friday (drove there) and stopped to get some.  The road trip
was quite eventful: saw a few wreck and one car was even on fire.

You probably don't catch national weather Paul, but we just had a
once-in-a-century storm here in Houston (that's what they're calling it on the
news anyway).  Some places in the Houston area had 35" of rain in the last two
days!  We had about 20" in my area, no flooding though.  Gerald, how did you
fare?  So we've been declares a natural disaster area and all of that.

Other than that, not a whole lot going on.  Work is going well:  I got promoted
in Feb and am in line for another in August, so I can't complain - Frito-Lay is
a good stable company that treats it's employees well.  Let's see what else?
just got a new car that I am excited about.  I had a little Ford Focus 5spd for
my comuter car, but got tired of all of the shifting in traffic on the Beltway.
So I found a 1999 Buick Regal GSE with only 22k on it, in immaculate shape.  I
know, a Buick sounds kinda lame, but as far as Buicks go, this the only one I
would own.  It has leather, sunrfoor, sporty wheels, killer 220-watt stereo,
with a 240HP supercharged engine with room for 5 to boot!  I loaded up the
family and cargo to go to the Valley during Memorial Day, it even got 28 MPG!
Beats the hell out of the 14 or so in the Suburban, with gas prices these days.
Gerald, are you still in the market for a SUV?   I think you were interested in
the Toyota Sequoia or the Acura MDX?  You'd better just stick with the 5-series
Bimmer, I know I would if I were in your shoes!

OK, guys, gotta get to cookin those sausages.  Bieraugel, hang in the there out
at sea and keep us proud!

Ern

LT Bieraugel <BIERAUGEL@john-paul-jones.navy.mil>
06/08/2001 07:47 PM

To:   Ernie J Zavaleta/Frito-Lay/US@Frito-Lay, "Gerald Nemec (E-mail)"
      <Gerald.Nemec@enron.com>
cc:
Subject:  Dudes...

Ernie and Gerald, well dudes, we're doing just what we said we were not
going to do.  Fall out of touch again.  Here is the latest.  I am out on my
ship for six months now.  We left June 4th and we get back in November.
It's a bitch to be gone from the family for that long but it very busy so it
goes fast for me.  We had our fourth (and probably last) kid on May 13th.
Her name is Chloe Elizabeth.  She is perfect.  My two year old (Kate) was
very surprised when we brought her home.  Carson said he wanted a brother
and Kelly wants to hold her all the time.  You can check some pictures out
at www.geocities.com/pbieraugel.  Take it easy you guys and stay in touch.
Paul.


meeting file
---------------------- Forwarded by Steven J Kean/NA/Enron on 05/04/2001
04:28 PM ---------------------------

Gwynn Gorsuch
05/03/2001 04:20 PM
To: Neil Davies/Enron@EnronXGate, Johnny Palmer/Enron@EnronXGate, Charles A
Taylor/Enron@EnronXGate, Meliza Evanson/HOU/EES@EES, Cindy
Olson/Corp/Enron@ENRON, Ted C Bland/Enron@EnronXGate, Steven J
Kean/NA/Enron@Enron, Billy Lemmons/Enron@EnronXGate, Dennis
Vegas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Barbara Paige/Enron@EnronXGate,
Jordan Mintz/Enron@EnronXGate, Kirk McDaniel/HOU/EES@EES, Traci
Warner/ENRON@enronXgate, Maureen McVicker/NA/Enron@Enron, Laura
Schwartz/Enron@EnronXGate, Calvin Eakins/Enron@EnronXGate, Joshua
Duncan/ENRON@enronXgate, Mireya Olsen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt,
Adriana Cortes/Enron@EnronXGate
cc: Christie Patrick/HOU/ECT@ECT, Karen Marshall/HOU/ECT@ECT, Andrea
Yowman/Corp/Enron@ENRON, Kathy McMahon/NA/Enron@Enron

Subject: REVISED: Meeting with Antoinette Malveaux re: National Black MBA
Association May 8th

SK - this is on your schedule.  mm

Here's a follow-up to my earlier e-mail:

Ms. Antoinette Malveaux, President and CEO of the National Black MBA
Association (NBMBAA) will be at Enron on Tuesday, May 8th to visit with you
regarding strategic partnerships between our organizations.  Enron has a
long-standing relationship with the NBMBAA primarily through the National
Conference and Career Fair which is the largest and most prestigious resource
for recruiting top minority MBA talent in the country (We have 10 hires from
last year's convention).  In order for our discussion to have the necessary
scope and to convey Enron's respect for the NBMBAA organization, Antoinette
Malveaux will be meeting with top managers from human resources, branding and
strategic marketing, business development and diversity.

Here is her bio, as well as some a profile of NBMBAA:

 - Antoinette Malveaux short bio.doc
 - Mission Statement bio.doc

As a reminder, here is the schedule for Antoinette's visit.  Please re-verify
your calendar, so that we can have complete discussions with her about
potential ways we can work together.

8:30  to    9:30 Lemmons, Bland, Warner     EB1196
9:30  to  10:30 Kean and Olson       EB 4746
10:30  to  11:30 FUSION:  Evanson, Kerr, Booth, Phillips, Duncan   EB 4746
11:30 to    1:00 Lunch:  Vegas, Marshall, Gorsuch, Schwartz?, Eakins  Outside
EB (The Met?)
  1:00  to   2:00 Davies, Palmer, Taylor      EB 4746
  2:00 to   3:00 Paige        3AC 37th floor
  3:00 to   4:00 Mintz, McDaniel       EB 2081

Many thanks,

Gwynn


John,

In regards to your question from our meeting this morning, the total amount
we are expecting to recover in fixed capacity payments from Dominion is
$157,183,000.  Please let me know if you need any additional information.

Thanks,
Kelli
5-3419


Thanks,

They look like a startup S/W vendor so I'm not sure how big the opportunity
will be.

Jennifer, can you please keep us in the loop as this progresses.

Thanks
MH

	Dorothy Woster
	12/14/00 03:34 PM

		 To: Matt Harris/Enron Communications@Enron Communications
		 cc: Jennifer Medcalf/NA/Enron@ENRON
		 Subject: Re: Cross-sell opportunity

See attached.   In September 2000, Requisite filed for a $92 M IPO.
Requisite hosts content for some customers in Denver, but the majority of its
revenues are from licenses and contracts with SAP.  Based on negative net
income for the past few years, I am sure that credit would take a big margin
for these guys.  I was not able to find anything that mentioned who
Requisite's network provider is.

Please let me know if you would like more info.

Dorothy Woster
Enron Broadband Services
tel: (503) 886-0364
cell: (503) 780-9904

	Matt Harris
	12/14/00 07:15 AM

		 To: Jennifer Medcalf/NA/Enron@ENRON
		 cc: Dorothy Woster/Enron Communications@Enron Communications
		 Subject: Re: Cross-sell opportunity

Great.

Thank you for the heads up.

DW - can you please take a look at these guys and find some background info.

MH

	Jennifer Medcalf@ENRON
	12/13/00 02:37 PM

		 To: Matt Harris/Enron Communications@Enron Communications
		 cc:
		 Subject: Cross-sell opportunity

Matt,
I have spoken with Mark who is part of the GSS organization and we are going
to pursue this after the first of the year.  Mark has a relationship with the
President of Requisite and we will be having a meeting with him to discuss
opportunity.
Jennifer Stewart Medcalf
Senior Director, Business Development
Global Strategic Sourcing
(713) 646-8235
----- Forwarded by Jennifer Medcalf/NA/Enron on 12/13/2000 04:36 PM -----

	Mark Hudgens
	12/13/2000 12:36 PM

		 To: Jennifer Medcalf/NA/Enron@Enron
		 cc: John Gillespie/Corp/Enron@ENRON
		 Subject: Cross-sell opportunity

We signed a contract with Requisite Technology (http://www.requisite.com)
Monday night to provide electronic cataloging tools for our SAP system
(they're replacing the i2Technologies products currently in place.

Requisite hosts catalogs for many major companies and digital marketplaces.
They have offices in Westminster, CO and Toronto.  John and I discussed the
opportunities Tuesday, and there may be one with EBS.  EES is probably less
likely, but it may be worth the investigation.

I know the VP of Sales, North America, so let me know if you're interested in
pursuing, and when.

Thanks.

Mark Hudgens
Enron Global Strategic Sourcing
Director, eCommerce Content Development
713-345-6544
713-569-7401 (cellular)
mark.hudgens@enron.com


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 02/07/2000
10:30 AM ---------------------------

troy_a_benoit@reliantenergy.com on 02/07/2000 10:19:10 AM
To: "Ami Chokshi" <Ami_Chokshi@enron.com>
cc:

Subject: 8TH NOMS

(See attached file: HPL-Feb.xls)

 - HPL-Feb.xls


JMF
---------------------- Forwarded by John M Forney/HOU/ECT on 11/01/2000 03:57
PM ---------------------------
To: Mike Swerzbin/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Sean
Crandall/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT, John
M Forney/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark
Fischer/PDX/ECT@ECT
cc:
Subject: FW: CAISO Notice: FERC Order & Load Differentiated Price Caps

---------------------- Forwarded by Tim Belden/HOU/ECT on 11/01/2000 12:28 PM
---------------------------
From: David Parquet on 11/01/2000 01:26 PM
To: Tim Belden/HOU/ECT@ECT
cc:
Subject: FW: CAISO Notice: FERC Order & Load Differentiated Price Caps

FYI - just in case this was not obvious and you did not hear.

----- Forwarded by David Parquet/SF/ECT on 11/01/2000 01:25 PM -----

	"Theaker, Brian" <BTheaker@caiso.com>
	11/01/2000 01:08 PM

		 To: "Theaker, Brian" <BTheaker@caiso.com>
		 cc:
		 Subject: FW: CAISO Notice: FERC Order & Load Differentiated Price Caps

FYI.

> -----Original Message-----
> From: CRCommunications
> Sent: Wednesday, November 01, 2000 12:55 PM
> To: ISO Market Participants
> Subject: CAISO Notice: FERC Order & Load Differentiated Price Caps
>
> Given today's Order from FERC setting ISO price caps at $250 MWh for the
> next 60 days and specifically rendering the October 26th ISO board vote on
> a load differentiated cap null and void, we have ceased efforts to
> implement the October 26th motion.
>
> Prior to today's Order, the ISO had been working internally and with
> vendors on implementation details. Also, a conference call was held with
> Market Participants on October 30th to assess their implementation needs.
> Based on this initial work, it appeared that implementation could occur in
> early January 2001 but this work is being stopped as a result of today's
> Order.
>
>
> CRCommunications
> Client Relations Communications
>


Richard:

Kathy finished her questions at the end of the day yesterday.? Her approach
was very helpful to Enron, and also PaineWebber, even to the point of
skipping pages in documents that referred to either of them.? Enron's name
was mentioned probably three or four times in three days (and then only in
questions, not in answers).

Kathy's themes were:

??????? 1.? At the time of the offering, portions of the hot mill were
incomplete, and the hot mill was not really operating.

??????? 2.? The design of the cold mill was flawed.

??????? 3.? The role of SDI in the managment of NSM was greatly exaggerated
in the offering presentations.? [Kathy did not seem to be be saying (as other
have) that the role of the Management Co. was exaggerated.]

??????? 4.? Nucor was really Stickler's first choice for SDI's role, but
Nucor pulled out becasue of substantive concerns, e.g., flawed design of cold
mill.? Stickler lied when he told others that Nucor just wanted too much
money.? (Based on what I have seen so far, I don't think we know yet why
Stickler and Nucor did not make a deal.)

??????? 5.? By late April 1998, if not before, NSM managment and directors
knew that the projections in the offering materials were way off, as NSM's
own internal budget was much different.? (Roland and I showed you these
documents when we were last in Houston.)? A substantial portion of the
offering funds were still in trust at this time (how much???), and the
bondholders should have been told (when they could still pull back some of
their money if they wanted to) that the projections on which they had
invesfted were not correct.? [If this argument were developed and had legal
merit, it could hurt Enron, as its affiliates or employees were (a) "initial
purchasers" in the offering, (b) a member of the management co., and (c) a
member of the NSM board.]

??????? Kathy was never clear in her questioning whether she regarded SDI as
a defrauder or a defraudee.? At times she seemed to be saying that SDI knew
bad things about NSM and the mill and concealed them or permitted others to
lie about them.? At other times she seemed to be inviting Busse to say that
he was lied to.

??????? There is no question that Kathy regards David Stickler as the number
one bad guy and David Wheeler (NatWest) as number two.

??????? Busse's principal themes were:? (1) SDI agreed only to a very limited
role; (2) all of the problems were soluble IF NSM had good management.? NSM
turned out to have terrible managment.? Busse and everyone else were lied to
about that, and that is why NSM failed.

??????? I had not realized before this week that, by the time of the closing,
the Management Co. had only 3 members (SDI and affiliates of McDonald and
Enron.)? [Stickler was appointed manager of the Management Co.]? If Enron has
a problem in this case, it will likely arise out of the combination of
enron's two roles--i.e., involved in the offering itself and then in the
follow on management of NSM.

??????? I suggest that, if I can't make progress with Hirschmann next week,?
we (Milbank) notice and take Legg-Mason's deposition (assuming that the other
defendants agree--and maybe even if they don't.)? It's time to stop letting
Legg Mason have a free ride.

Steve

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.


I am in Ft. Worth at a funeral all day Monday and not available. 8-9am and
11:30am-2pm is all I have available on Tues. Please call my asst. Twanda at
853-9402 to schedule. I would like to be included if for no other reason than
to keep Charlie to his 30 min limit.

"Tetrault, Charles D." <ctetrault@velaw.com> on 04/07/2000 11:49:57 AM
To: "'Sanders, Richard B.'" <Richard.B.Sanders@enron.com>, "'Holtzman,
Staci'" <sholtzm@enron.com>, "'Reasoner, Barrett H.'"
<breasoner@Gibbs-Bruns.com>
cc:
Subject: Grynberg

Although I normally do not seek out conference calls, I think it would be
helpful for the four of us to get together by phone for 15 to 30 minutes for
a general update on the Grynberg and Quinque cases and to preliminarily
consider some of the tactical choices with which we may be confronted in the
near future, depending on how Judge Downes, Judge Murguia, and the MDL Panel
rule.

Would 4:30 or 5:00 p.m. Houston time on Monday or Tuesday work for you?

Charles D. Tetrault
Vinson & Elkins L.L.P.
ctetrault@velaw.com
(202)-639-6551
(202)-639-6604 [fax]

 - C.DTF


The NG Price book granted $500 of Middle Market Central Originations that was
not recognized by the Intra-Central book on the NGP&L.

Thanks,
Robin


Since your Catholic, I thought you might find this funny. Who knows this
might have even happened to you! Just kididng--Emmye

-----Original Message-----
From: bmills@concentric.net [mailto:bmills@concentric.net]
Sent: Tuesday, September 19, 2000 7:21 PM
To: Emmye Partin
Subject: Fw: FW: Don't fall asleep in church

-----------------------------------------------------
Click here for Free Video!!
http://www.gohip.com/freevideo/

-----Original Message-----
From: bmills@concentric.net <bmills@concentric.net>
To: mills@hardinlaw.com <mills@hardinlaw.com>
Date: Tuesday, April 25, 2000 9:46 AM
Subject: Fw: FW: Don't fall asleep in church

>I may have already sent this to you.
>-----------------------------------------------------
>Click here for Free Video!!
>http://www.gohip.com/freevideo/
>
>-----Original Message-----
>From: scott dannelley <scottdannelley@hotmail.com>
>To: keithw@labs.wyeth.com <keithw@labs.wyeth.com>
>Date: Wednesday, January 12, 2000 9:23 AM
>Subject: Fwd: FW: Don't fall asleep in church
>
>
>
>
>
>
>>
>>
>> > Subject: Fw: Don't fall asleep in church
>> >
>> > >
>> >
>> >
>> >
>> >  <<DONTFA~1.MPE>>
>
>______________________________________________________
>Get Your Private, Free Email at http://www.hotmail.com
>
>
>

 - DONTFA~1.MPE


In preparation for the upcoming move to Enron Center South we are moving your Home Directories to a new trading cluster.

WHAT YOU NEED TO DO:
This will occur for you this EVENING after 6PM.
We will need to restart your computer in order to complete this action.
Please log out or your computer by 6PM, if the machine is not logged off we will reboot the machine in order to complete these actions.
Save your data before going home this evening.
If you have outstanding circumstances that we should address, please reply to this e-mail and we will change our schedule accordingly.

HERE ARE A FEW OF THE BENEFITS OF THIS ACTION:
Newer, more stable environment
More disk space available for common data
Faster network connections

HOW THIS WILL EFFECT YOU:
If you are a laptop user and have to work at home, you should save any work to your 'C:' drive on the laptop.  DO NOT use the "My Documents" folder.  When you return to work and reconnect to the network, any changes made to files/folders in the "My Documents" folder may be deleted from the laptop.
Laptops reconnecting to the network for the first time will receive a synchronization error.

RESOLUTION:
Please call the Resolution Center (x3-1411) and they will correct the problem ASAP.
We will have additional Technicians available on the floor if the Resolution Center has any problems.


TKirchman@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hours beginning 01:00, 03:00 - 04:00, 08:00 - 10:00,
15:00, 18:00 - 21:00 and 23:00 in the April 25, 2001 Real-Time Market as well
as
the following hours per ECA20001006B to verify prices:

PJM: 07:00 - 08:00
HQ:  01:00 - 02:00, 07:00 - 08:00
OH:  07:00 - 08:00
NE:  00:00, 07:00 - 08:00

Prices in the April 26, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be found
at
the following address on our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


I will be unable to conference on Jan.11.  I have no news to report other
than we are finalizing Argentina financial trading guidelines.  Sara


and you think i'd want to go with them?  actually, i thought that they had a ticket for me too.

"Krenzer, Mark A." <Mark.Krenzer@sci-us.com> on 03/29/2001 12:31:10 PM
To:	"'Matt.Smith@enron.com'" <Matt.Smith@enron.com>
cc:

Subject:	RE: FW: Matchbox Twenty

I'm not sure I want to go with a bunch of girls!

-----Original Message-----
From: Matt.Smith@enron.com [mailto:Matt.Smith@enron.com]
Sent: Thursday, March 29, 2001 12:26 PM
To: Krenzer, Mark A.
Subject: Re: FW: Matchbox Twenty

why can't you go, or do you just not want to?

"Krenzer, Mark A." <Mark.Krenzer@sci-us.com> on 03/29/2001 08:13:35 AM

To:   "'matt.smith@enron.com'" <matt.smith@enron.com>
cc:

Subject:  FW: Matchbox Twenty

Smith,
    Do you have any interest in this concert?   Matchbox Twenty, Life
House,
and some other band....  I have a ticket and I don't know if I am going,
but
if you want to go I can see if she has an extra ticket or you can have
mine.
Let me know!

-----Original Message-----
From: Barclay, Becky (417) [mailto:Becky.Barclay@affiliates.com]
Sent: Thursday, March 29, 2001 8:05 AM
To: Alexis Salazar (E-mail); Brian Wilson (E-mail); Dana Humphrey (E-mail);
Luisa Beltran (E-mail); Mark A. Krenzer (E-mail)
Subject: Matchbox Twenty

Hey gang - just a reminder I have you guys down for the concert on Wed.,
April 11th.  That's the week after next.  If, for any reason, you can't
make
it, let me know and I will get some other takers for the tickets.  Thanks!

Becky Barclay
The Affiliates
333 Clay Street
Suite 4820
Houston, Texas 77002
713-658-1177
713-658-1771 (fax)
www.affiliates.com


Dee:

Hope you had a good vacation.

I sent a copy of the Enron North America Corp. ISDA Schedule/CSA to Rod
Nelson who is the credit person in London reviewing credit for ECL.  Rod can
be reached at 011-44-20-7783-5275,

I need to send the Enron Corp. Schedule to you.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Start Date: 10/7/01; HourAhead hour: 2;  No ancillary schedules awarded.  Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001100702.txt

Error retrieving HourAhead price data - process continuing...
---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 2 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/7/01
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: EPMI_CISO_AAA
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 2 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/7/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_EEE
  ENGY_TYPE: WHEEL


Mark, further to our converstaion this morning, I attach the latest version
of the swap financing structure with RBC DS.  The idea is to have the swaps
prepay a funded amount which is then repaid through the swap structure over
the term of the transactions (1 year).  Please note that rather than
determining the one year PV value of the funded amount and interest at time =
0 relative to a fixed price, with monthly settlements then occuring in the
normal course based on market movements, I understand that it is neceassary
to have interest payments settled monthly with a bullet principal repayment
by settlement at the end of the one year term.

Some explanatory notes:

1.  Bill Bradford's group is putting the credit terms together.  Once that
occurs we will need to have drafts to RBC DS ASAP.

2.  Enron Canada Corp.'s obligations will be guaranteed by Enron Corp. to the
extent outlined in the credit worksheet.

3.  It is fundamental to the structure for Global Finance that there not be
any net collateral exposure.  In other words, collateral thresholds must
offset or mirror each other such that if, for exapmle, Enron Canada is
required to provide $50MM of margin to RBC DS,  Financing SPV will also have
to provide $50MM of margin to Enron Canada Corp., notwithstanding that Enron
Canada Corp. ought really not be exposed unless there is a market movement
having an exposure value in excess of the funded amount of $300MM.  (NOTE:
The actual amount required to complete the purchase of the PPA is
C$235,840,000, the first installment of C$58,960,000 having already been
funded by an intercompany loan from Enron Canada Corp. to Enron Canada Power
Corp.)

4.  In terms of documentation, the swaps should be documented under ISDA
Masters.  I understand that there may be an ISDA Master in place between
Royal Bank of Camada and Enron North America Corp. and also one in place also
with Enron Corp. (this will need to be confirmed).  As the transactions need
to be at the Enron Canada Corp. level, however, I suggest that ISDA Masters
need to be prepared between Enron Canada Corp. and RBC DS and between Enron
Canada Corp. and Financing SPV on the same terms as the current ISDA Master
between Enron North America Corp. (or Enron Corp.) and Royal Bank of Canada,
subject to the credit terms provided by Credit.  The individual transactions
themselves would then be documentd on transaction Confirmation Letters.  I am
not fussed as to who prepares the paper and it might be easiest for your
group to do so.  Please also note that external legal opinions may be
required in respect of Enron Canada Corp. and Enron Corp.  Blakes is prepared
to provide legal opinions for Enron Canada Corp. and whatever advice or
support is necessary.

5.  Once the funding occurs to Enron Canada Corp., it will be advanced by
intercompany loan to Enron Canada Power Corp. to acquire the PPA, and I will
look after this aspect of the transaction.

6.  Please note that Enron Canada Power Corp. must put the Government in
funds on Friday Spetember 22nd.
---------------------- Forwarded by Peter Keohane/CAL/ECT on 09/13/2000 09:12
AM ---------------------------

Soma Ghosh
09/12/2000 05:41 PM
To: Peter Keohane/CAL/ECT@ECT, Andre Templeman/CAL/ECT@ECT
cc:
Subject: RE: Alberta PPA

---------------------- Forwarded by Soma Ghosh/HOU/ECT on 09/12/2000 06:40 PM
---------------------------

Soma Ghosh
09/12/2000 10:06 PM
To: Cris Sherman/HOU/ECT@ECT, Peter Keohane/CAL/ECT@ECT
cc:
Subject: RE: Alberta PPA

Chris,

As promised, I am forwarding details of 'SwapCo'. I would be grateful if you
would confirm that this entity works for us & resolves the 97%/3% hedge
issue.If you need anything else re. the entity please let us know.

Catherine will shortly forwarded the final version (hopefully!) of the
pre-pay structure as discussed in our meeting.

Regards,

Soma
---------------------- Forwarded by Soma Ghosh/HOU/ECT on 09/12/2000 04:00 PM
---------------------------

"Ellison, Mike" <Mike.Ellison@rbcds.com> on 09/12/2000 09:15:56 PM
To: "'Soma.Ghosh@enron.com'" <Soma.Ghosh@enron.com>,
"'Catherine.Clark@enron.com'" <Catherine.Clark@enron.com>
cc: "'Brian.Kerrigan@enron.com'" <Brian.Kerrigan@enron.com>, "McArthur, Ian"
<IAN.MCARTHUR@ROYALBANK.COM>, "Fleming, Blair" <BLAIR.FLEMING@ROYALBANK.COM>,
"Darby, Giles" <Giles.Darby@rbcds.com>, "Bermingham, David"
<David.Bermingham@rbcds.com>
Subject: RE: Alberta PPA

Soma, apologies, note that in the diagram there is no TRS between RBCDS & BF
Capital, just straight finance agreement.

Mike

-----Original Message-----
From: Ellison, Mike
Sent: Tuesday, September 12, 2000 9:08 PM
To: Soma.Ghosh@enron.com; 'Catherine.Clark@enron.com'
Cc: Brian.Kerrigan@enron.com; McArthur, Ian; Fleming, Blair; Darby,
Giles; Bermingham, David
Subject: RE: Alberta PPA

Soma, as discussed, here is the proposed structure plus suumary involving BF
Equity Capital an unaffiliated LLP.? We believe this to solve the accounting
issues.? Please review and confirm.? Please also detail any specific further
information that you require to be happy with BF Equity Capital.?

Can I suggest that all parties have a conference call at 10.00am Houston time
tomorrow to ensure we have agreement on the structure and the way forward.

Please confirm

Thanks, Mike

--

?
 - Enron Canada - Alberta PPA -  BF Equity Partners 12 Sep.ppt


Susan:

Thanks for the update.  Gary Hickerson wants this product available on EOL
now (which explains why I am called daily by the trading desk).  Do you know
when a decision on the Japanese FX principal will be forthcoming?

Sara

	Susan Musch@ENRON_DEVELOPMENT
	12/14/2000 03:56 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Janine Juggins/LON/ECT@ECT, Melba Lozano/HOU/ECT@ECT, William
Stuart/HOU/ECT@ECT, Steve Jacobellis/NA/Enron@Enron@ECT, Jeff
Blumenthal/HOU/ECT@ECT, Rhett Jackson/HOU/ECT@ECT
		 Subject: Re: FX Product

Sara,

Attached are two e-mails that I sent yesterday and today on the Japanese FX
trader.  In short, we are pursuing the dependent agency approach.  The
specifics are set forth in the e-mails.

Please let me know if you have any questions or need any additional
information.

Best regards,
Susan

Susan Musch
12/14/2000 09:46 AM
To: Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Jan-Erland Bekeng/AP/Enron@Enron, Sheila Glover@ECT, Darren Delage@Enron,
Scott Gilchrist/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janine Juggins@ECT, Rod
Sayers@ECT (bcc: Susan Musch/ENRON_DEVELOPMENT)

Subject: FX Trader in Tokyo

Heidi,

In response to your attached e-mail, I am attaching the e-mail message that I
sent out yesterday regarding the structure for the FX trader in Tokyo and the
EM-Japan traders.  (You were already copied on this but I want to make sure
that you got it.)

In this e-mail, I explain that PWC-Tokyo has recommended following a
dependent agent approach for these traders (which is what you reference in
your attached e-mail).  I recommend this approach saying that it is a
pragmatic approach and should be easily implemented.  I talked with Sheila
Glover and Darren Delage about this approach yesterday evening and they like
it as well.  (In fact, they were also copied on the e-mail regarding the FX
trader and the EM-Japan traders.)

The following points should be kept in mind in following the dependent agent
approach, which I have already discussed with Sheila and Darren:

(1) Agency approach:  Enron Japan would be considered to be an agent of ENA.
In this role, it would facilitate trades that would be entered into between
ENA and the third party counterparties.  The trades would be entered into in
the name of ENA.  Under this approach, Darren is limited in what he is
authorized to do, and his trading parameters will need to be reduced to
writing.  These parameters must restrict his activities so that they
constitute activities that have a preparatory or auxiliary character.  The
advice that we received for the FX trader's activities in Australia should
equally apply to our facts here.  The following is an excerpt from a memo
that I wrote last year summarizing this advice:

Guidelines and boundaries must be established on what the financial trader
can do (e.g. price parameters, product parameters, etc.). Activities cannot
include the negotiation of terms of master contracts, forwards and other
derivatives with counterparties. If a master contract must be executed in
Australia, then it should be executed by an independent agent (such as a
lawyer) having a power of attorney from the hedging party. Confirmations
should be issued by the hedging party, rather than by EA Finance in Sydney.
The Australian tax advisor recommended that the financial trader say:  &My
principal will deal with you within these parameters (.8

(2) Darren's employment:  Darren must be considered an employee of Enron
Japan so as to avoid ENA being treated as having a permanent establishment in
Japan.
(3) Darren's agency role:  Darren should not identify himself as an employee
of ENA Houston.  He should make it clear that the third parties are entering
into the transactions with ENA as principal.
(4) Service agreement:  A service agreement must be put in place between
Enron Japan and ENA (similar to what we did for the FX trader in Sydney).
Enron Japan should at least initially  be compensated at a cost plus 5%
mark-up.  Yesterday evening I also forwarded to Sheila and Darren by e-mail
the old service agreement that we put in place for the FX trader in Sydney so
that they could review what terms have been previously used.  (Incidentally,
the service agreement we put in place between Enron Australia and ENA was
very similar (almost identical) to the one that was put in place between
Enron Europe and ENA for the FX trader in London.)
(5) Potential issues upon Japanese tax audit:  Notwithstanding that this
approach is easier to implement, more workable and more pragmatic in
approach, we need to be aware that there could be questions upon a Japanese
tax audit.  In that event, transfer pricing issues could be raised.  That is,
the auditors could question whether a cost plus 5% mark-up is commensurate
with what an unrelated third party would charge for similar services.  We
would then need to justify that service fee, or if unsuccessful, try to work
out a commission fee that would be acceptable to the Japanese tax auditors.
Management needs to be aware of this potential.

I guess I wasn't clear in my attached e-mail.  I am sorry for any
inconvenience this may have caused you.  I hope this e-mail better explains
the recommended structure.  Please let me know if you would like to set up a
conference call to discuss this further (and let me know who you would like
on the call).

Best regards,
Susan

Susan Musch
12/13/2000 06:07 PM
To: Jan-Erland Bekeng/AP/Enron@ENRON
cc: Jane McBride@Enron, Tina Ward@ECT, Paul Simons@ECT, Alan Aronowitz@ECT,
Rod Sayers@ECT, Janine Juggins@ECT, Heidi
Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph P Hirl/AP/ENRON@ENRON,
Sheila Glover@ECT, Darren Delage@Enron (bcc: Susan Musch/ENRON_DEVELOPMENT)

Subject: Enron Metals & FX Traders in Japan

Jan-Erland,

I have not yet received the 2001 projections/budget for the Enron Metals
trading in Japan.  If you have already sent it, could you please re-send it?

Also, I talked with PWC-Tokyo late last night about structuring for the FX
trader and Japanese Metals traders to confirm Baker & McKenzie's advice on
not using a dependent agent structure in Japan.  PWC has advised that
although Baker & McKenzie's approach is more technically correct, foreign
traders usually set up their Japanese trading operations through the use of a
dependent agent in Japan.  The Japanese dependent agent is usually reimbursed
using cost plus 5%, at least initially.  Then, if the Japanese tax
authorities raise questions upon audit, a commission arrangement is generally
used, with the question being what should the profit split be between the
agent and the foreign company.  Whether the Japanese tax authorities raise
questions upon audit is dependent upon the volume of trades and the magnitude
of the trades.  The PWC Japanese tax partner suggested that we use this
arrangement for both the FX trader and the EM Japan trades.  I have asked PWC
to send this advice in writing by tomorrow.

This seems to be a much more pragmatic approach than the one suggested by
Baker & McKenzie.  And it should be easy to implement by year-end.  However,
management must be aware of the fact that PWC's approach could raise
questions upon a Japanese tax audit.  Note that if we follow this approach,
we would need to set up a services agreement between Enron Japan (whichever
the appropriate entity is) and ENA.

Please let me know if you have any questions or need any additional
information.

Best regards,
Susan

HEIDI MASON
12/13/2000 08:38 PM
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Jan-Erland Bekeng/AP/Enron@Enron

Subject: Re: Japanese Financial Subsidiary

Thanks for the note Susan. Like you, I would love to get the funding resolved
before year-end as we have finalised the amounting owing to Houston etc
(subject to some invoices etc being received) so it would be a good time to
get this done.

Re the FX trader, I have been harassing Sheila a bit this week, so I was
hoping to hear from you or her on the progress here. At this stage I
understand that the deals are still being done in the name of ENA, but there
have not been alot, so again if we can get this addressed before the volume
grows it would be best for all. I was reviewing this matter with JEB
yesterday and he indicated that his preference is for an agency style
agreement which avoids the need for the back to back deals.

With thanks

Heidi Mason
Chief Financial Officer
Enron Australia

From: Sara Shackleton@ECT on 12/14/2000 01:22 PM
To: Janine Juggins/LON/ECT@ECT, Susan
Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Melba Lozano/HOU/ECT@ECT, William Stuart/HOU/ECT@ECT, Steve
Jacobellis/NA/Enron@Enron, Jeff Blumenthal/HOU/ECT@ECT, Rhett
Jackson/HOU/ECT@ECT

Subject: Re: FX Product

Janine:

Thanks for the update.  Any word on the Japanese FX desk principal?  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 12/14/2000 01:23 PM -----

	Janine Juggins
	12/13/2000 04:04 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Jeff Blumenthal/HOU/ECT@ECT, Rhett Jackson/HOU/ECT@ECT, Melba
Lozano/HOU/ECT@ECT, Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Re: FX Product

Your summary is correct based on information to date (in this regard the
agreement between ENA and EEFT still requires amendment in respect of RMT and
I undertake to get this done).

However, please note that there have been some last minute changes in the
Japanese tax advice, received I understand only as of last night. Susan Musch
will be following up on these changes at a meeting today with Sheila Glover
and Darren Delage, and has undertaken to keep you appraised of the position.
The effect of the change would be to permit RMT to be the principal for the
Japanese FX desk, with a Japanese entity acting as agent to arrange the
transactions.

Best regards
Janine

From: Sara Shackleton on 13/12/2000 13:52 CST
To: Janine Juggins/LON/ECT@ECT
cc: Jeff Blumenthal/HOU/ECT@ECT, Rhett Jackson/HOU/ECT@ECT, Melba
Lozano/HOU/ECT@ECT

Subject: FX Product

Janine:

With respect to the attached (internal) FX product for EOL, I just wanted to
verify with you that internal counterparties should transact on EOL with:

(1)  RMT  (as principal for Houston FX desk)

(2)  EEFT as agent for RMT (as principal for London FX desk).  In this
regard, was the services agreement between ENA and EEFT ever extended to
include RMT for internal trades?

(3)  Enron Japan Corp. (as principal for Tokyo FX desk)

There appears to be some confusion since our meeting of November 3.  Thanks.
Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 12/13/2000 11:22 AM -----

	Melba Lozano
	12/11/2000 05:59 PM

		 To: Sara Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
		 cc: Robert B Cass/HOU/ECT@ECT, Steve Jacobellis/NA/Enron@Enron, Kevin
Meredith/Corp/Enron@ENRON, Steve Jacobellis/NA/Enron@Enron
		 Subject: FX Product

Sara / Mark,

I need an approval as soon as possible from you for the FX Description
attached.  Steve Jacobellis is requesting that this gets out on the web as
soon as possible.

Thank you,

Melba
58986
---------------------- Forwarded by Melba Lozano/HOU/ECT on 12/11/2000 05:53
PM ---------------------------

From:  Melba Lozano
  11/30/2000 06:41 PM

To: Sara Shackleton/HOU/ECT@ECT, William Stuart/HOU/ECT@ECT
cc: Robert B Cass/HOU/ECT@ECT
Subject: FX Product

Sara:  Please approve on the attached language for the FX Product.

William:  There is a gap between hour ending 3:00 and 4:00 .  Do you want to
go ahead and set up Central time to trade until Hour Ending 4:00?  Please let
me know.

Thank you,

Melba


I got this from Carlos from a deal he and Carolyn have worked on.  Note that
the language sounds familiar.  Someone must have sent this form to
NorthWestern.  I suspect an Enron person.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/28/2001 03:01
PM ---------------------------
From: Carlos Sole on 03/28/2001 01:00 PM
To: kay.mann@enron.com
cc:

Subject: PSEG Option Agmt


Cinderella in Her Later Years.......

Cinderella was now 75 years old. After a fulfilling life with the now
dead
Prince, she happily sat upon her rocking chair, watching the world go by
from her front porch, with a cat named Bob for companionship.

One sunny afternoon, out of nowhere, appeared the Fairy Godmother.

Cinderella said "Fairy Godmother, what are you doing here after all
these
years??"

The Fairy godmother replied "Well Cinderella, since you have lived a
good,
wholesome life since we last met, I have decided to grant you 3 wishes.

Is there anything for which your heart still yearns?"

Cinderella was taken aback, overjoyed and after some thoughtful
consideration, and almost under her breath she uttered her first wish:

"I wish I was wealthy beyond comprehension." Instantly, her rocking
chair
was turned into solid gold. Cinderella was stunned.

Bob, her old faithful cat, jumped off her lap and scampered to the edge
of
the porch, quivering with fear. Cinderella said "Oh thank you, Fairy
Godmother".

The Fairy Godmother replied, "It is the least I can do. What does your
heart
want for your second wish?" Cinderella looked down at her frail body,
and
said: "I wish I was young and full of the beauty of youth again."

At once, her wish having been desired became reality, and her beautiful
youthful visage had returned. Cinderella felt stirrings inside her that
had
been dormant for years and a long forgotten vigor and vitality began to
course through her.

Then the Fairy Godmother again spoke "You have one more wish, what shall
you
have?" Cinderella looks over to the frightened cat in the corner and
says";
"I wish for you to transform Bob, my old cat, into a beautiful, and
handsome
young man".

Magically, Bob suddenly underwent so fundamental a change in his
biological
make-up, that when complete he stood before her, a man, so beautiful the
like of which she nor the world had ever seen, so fair indeed that birds
began to fall from the sky at his feet.

The Fairy Godmother again spoke: "Congratulations, Cinderella.

Enjoy your new life." And, with a blazing shock of bright blue
electricity,
she was gone. For a few eerie moments, Bob and Cinderella looked into
each
other's eyes, Cinderella sat, breathless, gazing at the most stunningly
perfect man she had ever seen. Then Bob walked over to Cinderella, who
sat
transfixed in her rocking chair, and held her close in his young
muscular
arms.

He leaned in close blowing her golden hair with his warm breath as he
whispered:

"I bet you regret having me neutered now, don't you?"


Dan,

Sorry I forgot. Things have been intense lately on Cuiaba.  Below you will
find a summary which addresses your request. Please let me know if you want
more details.
---------------------- Forwarded by Rob G Gay/NA/Enron on 01/17/2001 04:02 PM
---------------------------

Rob G Gay
12/19/2000 10:59 AM
To: Britaldo Soares/SA/Enron@Enron, Guillermo Atenor/SA/Enron@Enron, Brian
Swinford/NA/Enron@Enron, Eduardo Camara/SA/Enron@Enron, Peter N
Anderson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Joe Kishkill/SA/Enron@Enron, Ben F Glisan/HOU/ECT@ECT

Subject: Note to Britaldo

Britaldo Soarez would like to have a brief note indicating all of the things
you are currently working on.  Thanks

Britaldo,

In summary, this is what is left on our plates:

Cuiaba I - Rob Gay

RioGen - unassigned (sale with Elektro planned)

WestLB CAA - Peter Anderson, Cheryl Lipschutz

Elektrobolt - Peter Anderson, Runabir Dutt

Cuiaba II - Peter Anderson

GTB Expansion - Brian Swinford

Transredes Expansions - Brian Swinford

Bom Retiro - Eduardo Camara

Arcor - Guille Atenor

Donna Francesca - Billy Mullville, G. Atenor

G. Atenor keeps a weekly list which provides the level of detail you will
need for our merchant activities.

Tracee Bersani (associate) is helping out on Cuiaba I and the CAA.  G. Atenor
can give you the details of Diego Holovik's activities.


This request has been pending your approval for  31 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000059240&Page=Approval to review and act upon this request.

Request ID          : 000000000059240
Request Create Date : 9/10/01 2:19:58 PM
Requested For       : ryan.williams@enron.com
Resource Name       : Market Data Kobra Power
Resource Type       : Applications


Feast your eyes on Enron Business' cool and colorful new look.  You'll find
it in your mailbox at home and online at home.enron.com under Publications,
Enron Business, and "Volume 3, 2001".  (And if you're in Houston, you might
find a few extra copies at the Plaza Java in the lobby of the Enron Building.)

In this issue:
? Reducing the risk (but not the sizzle) of the advertising business
? EBS offers data users cost-effective havens for homeless terabytes
? Stan Horton ) a few insights about the man who excels at change management
? Helping Houston recover from the floods ) how you can help
? Extreme Enron ) adventure racing, fire fighting, arctic driving, 24-hour
racing, equine sports.
? Netiquette.  How much do you really know about the net?
? The Insider: what happens inside a shareholder meeting
? Find out who won the Cartoon Craziness Contest and $200!  Also, enter this
issue's contest ) top 10 reasons Enron keeps reorganizing.  Don't dally ) the
deadline for entries is Friday, July 27.


----- Forwarded by Steven J Kean/NA/Enron on 02/15/2001 09:38 AM -----

	Phillip K Allen@ECT
	12/22/2000 03:06 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject:

Steve,

I am sending you a variety of charts with prices and operational detail.  If
you need to call with questions my home number is 713-463-8626.

As far as recommendations, here is a short list:

 1.  Examine LDC's incentive rate program.  Current methodology rewards sales
above monthly index without enough consideration of future
      replacement cost.  The result is that the LDC's sell gas that should be
injected into storage when daily prices run above the monthly index.
                    This creates a shortage in later months.

 2.  California has the storage capacity and pipeline capacity to meet
demand.  Investigate why it wasn't maximized operationally.
                      Specific questions should include:

  1.  Why in March '00-May '00  weren't total system receipts higher in order
to fill storage?

  2.  Why are there so many examples of OFO's on weekends that push away too
much gas from Socal's system.
       I believe Socal gas does an extremely poor job of forecasting their
own demand.  They repeatedly estimated they would receive       more gas than
their injection capablity, but injected far less.

 3.  Similar to the power market,  there is too much benchmarking to short
term prices.  Not enough forward hedging is done by the major
                    LDCs.  By design the customers are short at a floating
rate.  This market has been long historically.  It has been a buyers market
and the
     consumer has benefitted.

Call me if you need any more input.

Phillip


Gary,

Just a reminder concerning follow-up with The Weather Channel and Energizer
Holdings regarding potential hurricane derivatives.

Additionally, I found the following link which describes Ray-O-Vac's recent
earnings warning.  Among other things, they mention that they had tough
comparisons due to an active storm season the year before.  I believe they
are referencing hurricanes and represent another potential opportunity in my
opinion.

http://dailynews.yahoo.com/h/nm/20001219/bs/rayovac_outlook_dc_1.html

One more thing, as I mentioned in our conversation, I believe that The
Weather Channel is an ideal candidate for approaching concerning hedging
against a lack of extreme weather of all kinds.  I know that they are
financially "not doing so well" at present due in some part to a lack of
hurricane activity and are now enjoying great ratings due to the extreme
cold.  They may be a hard sell but they are as purely exposed as anyone and
should be worth the effort, especially after the recent story they did on us.

Please let me know how I may be of assistance.

Thanks,

Charlie


Michelle,

It has been more difficult than expected to get a map with the power plant
locations.  I will send you a map of the area with a general idea of the
plant locations.  I will continue to work on finding a better way to make
the exact locations.

	Roger

-----Original Message-----
From: Lokay, Michelle [mailto:Michelle.Lokay@enron.com]
Sent: Thursday, October 04, 2001 11:25 AM
To: Graham, Roger
Subject: RE: Map Request

Sorry...1400 Smith Street, EB1342, Houston, Texas 77002-7361.  Thanks!

-----Original Message-----
From: Graham, Roger [mailto:RAG5@pge.com]
Sent: Thursday, October 04, 2001 1:13 PM
To: Lokay, Michelle
Subject: RE: Map Request

Michelle,

Can you send me your street address and zip.  Fedex packages can not be
sent
to a PO Box address.

	Thanks

	Roger

-----Original Message-----
From: Lokay, Michelle [mailto:Michelle.Lokay@enron.com]
Sent: Thursday, October 04, 2001 11:03 AM
To: Graham, Roger
Subject: Map Request

Roger,
Please send me maps of your PG&E system.  They can be mailed to:
Michelle Lokay, c/o Enron, P. O. Box 1188, Houston, Texas 77251-1188.
These will be beneficial in our evaluation of future opportunities.
Thanks and again, we enjoyed meeting with you guys last Tuesday.

Michelle Lokay
Account Director
Transwestern Commercial Group
713-345-7932

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


I will set it up for that time and just play it by ear for you.

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Tuesday, November 27, 2001 7:46 AM
To:	Howard, Kevin A.
Subject:	RE: Hayslett/Howard meeting with McMahon

I could probably do by phone and may be here.

 -----Original Message-----
From: 	Howard, Kevin A.
Sent:	Tuesday, November 27, 2001 7:45 AM
To:	Hayslett, Rod
Subject:	FW: Hayslett/Howard meeting with McMahon

how does this work for you? We are having the all day Dynegy due diligence session but could step out.  I didn't know if you planned on being here or not.  We could patch you in by phone.

 -----Original Message-----
From: 	Ford, Sue
Sent:	Tuesday, November 27, 2001 7:44 AM
To:	Howard, Kevin A.; Bachand, Terri
Subject:	RE: Hayslett/Howard meeting with McMahon

How about Thursday Nov 29 at 2pm???

Regards,

Sue

________________________________

Sue Ford
Enron Corp.
Tel: 713-853-5176
Fax: 713-646-5930
sue.ford@enron.com

 -----Original Message-----
From: 	Howard, Kevin A.
Sent:	Tuesday, November 27, 2001 6:56 AM
To:	Bachand, Terri; Ford, Sue
Subject:	Hayslett/Howard meeting with McMahon

Rod needs to re-schedule this - what is the earliest date that we could do this?