Plse  have fax delivered home.

Today is the day.  I have been a mom for 21 years.  Can't be true.

Still on conference call.  Ben has been very nice.

From: Suzanne Adams@ECT on 06/07/2001 02:46 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: David Marshall

Is today Paige's birthday or tomorrow.  Of course if it was great news, then
it could be a celebratory drink.  I told Ric I may come by for a drink, but I
didn't know yet.  I think I'll call and get exact directions.

Do you need this fax I got from King and Spalding with comments on Midway?

	Kay Mann@ENRON
	06/07/2001 02:43 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: David Marshall

No news today.  I don't want to know today, as I'm drinking champagne and
ignoring the issue,


Mark,

Please, tale a look at the attached newsletter. An interesting story on
gaming Cal
PX. Let me know if you have problems opening the document.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/23/2000
05:45 PM ---------------------------

Energy Info Source <custsvc@energyinfosource.com> on 06/23/2000 07:24:22 AM
To:
cc:
Subject: Restructuring Today - 6/23

Energy Info Source - http://www.energyinfosource.com - is privileged to
make available to you a free trial subscription to Restructuring Today
until July 11.

Restructuring Today is the leading daily trade newsletter focused solely
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You do not need to do anything to continue to receive this trial. However,
if you do not want to receive any more trial issues, please reply to us
and with the word "cancel" in the subject line.

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Info Source can't deliver from the wire services, and at only $487 (regular
price for an individual subscription) for 250 issues each year, we consider
it a bargain. As a special offer to Energy Info Source users, Restructuring
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choose your favorite way:

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For more information, feel free to email us at custsvc@energyinfosource.com
or call us at 888-986-2250.

Requires Acrobat Reader 3.1 or higher.  The latest version is available
free at:
http://www.adobe.com/prodindex/acrobat/readstep.html#reader

----------------------
Please begin my subscription to Restructuring Today right away!

Name:
Title:
Company:
Billing Address:
Address cont.:
City:
ST:
Zip:
Country: USA
Phone:
Fax:
Email address:

[ ] Bill me
[ ] Call me for my credit card information

 - rt000623-EIS.pdf


The natural gas desk lost approx. $67MM, with the west desk reporting a loss of $55.8MM.

I will be on vacation next week, returning June 11th.

Frank


Jean, Ava, has us covered.  Thanks. Lynn

 -----Original Message-----
From: 	Garcia, Ava
Sent:	Friday, June 29, 2001 4:33 PM
To:	Southard, Miranda; Russi, Estalee; Blair, Lynn; Blair, Jean
Subject:	Deferential Pay

Estalee, for the month of July Jean Blair, Des Moines/Omaha, will receive deferential pay.

Thanks,
Ava


<title>Fantasy Football Newsletter</title>

Fantasy Football Newsletter

November 23, 2001

<spacer type=block height=1 width=1>

Fantasy Sports
  Fantasy Football
  CBS SportsLine.com

<spacer type=block height=1 width=1>

Welcome to another edition of the 2001 Fantasy Football Newsletter!

The Fantasy Football newsletter will arrive in your e-mail inbox every Friday. We'll include news about the web site; tips on using all the features available; and answers to your player-related questions from the "Gridiron Guru."

Inside

• Thanksgiving Football

• Sortable Standings

• Gridiron Guru

• Tip of the Week

Thanksgiving Football

Remember that two NFL games will be played on Thursday:
Packers vs. Lions at 12:30 PM ET and Broncos vs. Cowboys at
4:05 PM ET. Fantasy 2001 players, if you have players from
these four teams on your roster, they must have their final
status (active or reserve) set 5 minutes before the start of
their game. Please keep in mind that you also will not be
able to enter any new add/drops for the week starting one
hour prior to Thursday's first kickoff. Football Commissioner players, check with your league's commissioner to see how your lineup deadline is handled this week.

Sortable Standings

Did you know that every column on your Standings page is
sortable? Click the category name at the top of any column
to sort the report by the results of that category. In head-
to-head leagues, the Standings report is displayed in order
of the teams with the best win/loss percentage. However, you
can click the PF (Points For) column to display the top
point-scoring teams at the top; or the PA (Points Against)
column to display, in descending order, the teams with the
most fantasy points scored against them.

Gridiron Guru

Welcome to Gridiron Guru, where we'll answer your questions about players and offer Fantasy Football roster advice. We invite you to send your own scouting reports and comments on players to: gridguru@commissioner.com. You'll get the chance to be heard by thousands of Fantasy players just like yourself!

Question - Marcus Howell

Who would you start in Week 11: Brian Griese
at Dallas or Jake Plummer at San Diego?

Answer - GG

Griese's receiving corps has been crippled by injuries
this season, and with Rod Smith questionable with an ankle
injury, the outlook gets dimmer. The Denver QB has been
bothered by physical problems this year as well. Plummer
seems like a better choice after a superb Week 10 outing. But
remember that he was facing the 0-9 Lions, and Plummer has
never been able to string many good performances together in
the past. He will be facing a San Diego defense that will be
primed for a good performance after getting burned badly by
Oakland last week. Go with Griese, who should at least post
respectable numbers at Dallas.

Question - Eric Fernau

Which three running backs should I start?  I
have Corey Dillon, Ricky Williams, Duce Staley, Priest
Holmes and Garrison Hearst.

Answer - GG

Dillon is a must-start player every week. Holmes is
facing a Seattle defense that looks good statistically, but
will have a lot of trouble containing him on the outside.
Staley should have little trouble ripping through the
Washington front wall. It's hard to ignore Hearst at
Indianapolis or Williams in any week, but we like Dillon,
Holmes and Staley, especially the latter in an NFC East game.

Question - Jay Rassat

Who do I start this week at quarterback? I have
Tom Brady, Aaron Brooks and Trent Green. The defenses they
play against are all decent (N.O., N.E. and Seattle).

Answer - GG

Brady and Brooks square off against each other, and
each is facing a secondary that can give up the big play.
Green will be facing a Seattle team that won't offer much of
a pass rush, but he is less explosive than Brooks or Brady.
With Brady having the advantage of playing at home, and Drew
Bledsoe looking over his shoulder, we'll go with the New
England QB.

Tip of the Week

Ryan Carter, Watertown, CT: Ricky Watters' decision to not
have shoulder surgery is bad news for him, but great news for
people like me, who have Shaun Alexander. I would not be
surprised to see Watters not play again this year. Ricky's a
great back, and I wish him well, but you cannot replace a
back like Alexander.

This message has been provided free of charge and free of obligation. If you prefer not to receive emails of this nature please send an email to remove@commissioner.com. Do not respond to this email directly.


----- Forwarded by Rob Walls/NA/Enron on 12/05/2000 10:20 AM -----

	Sheila Walton@ECT
	12/04/2000 09:11 PM

		 To: Rob Walls/NA/Enron@Enron
		 cc:
		 Subject:

Please review and let me know if we need to make changes, deletions or
additions.  Please print each of these documents so you can review an actual
copy.

Thanks.

Sheila


Shawn,

Thanks. Tuesday next week, 12:00,  it is.

Vince

 -----Original Message-----
From: 	"Cumberland, Shawn" <Shawn.Cumberland@ElPaso.com>@ENRON
Sent:	Friday, October 19, 2001 11:20 AM
To:	Kaminski, Vince J
Subject:	RE: lunch

Vince, that sounds great.  Should I drive by and pick you up around 12 in
the Enron circular drive?

Shawn

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Friday, October 19, 2001 11:15 AM
To: Cumberland, Shawn
Cc: vkaminski@aol.com
Subject: RE: lunch

Shawn

What about Tuesday next week?

Vince

    -----Original Message-----
   From:   "Cumberland, Shawn" <Shawn.Cumberland@ElPaso.com>@ENRON
   Sent:   Thursday, October 18, 2001 1:55 PM
   To:     Kaminski, Vince J
   Subject:  lunch

   Vince:

   How are you doing?

   I'd love to get back together for lunch again sometime.

   Shawn

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

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
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.
**********************************************************************

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


The following expense report is ready for approval:

Employee Name: Michael F. Terraso
Status last changed by:  Automated Administrator
Expense Report Name: October 2001
Report Total: $1,660.22
Amount Due Employee: $1,660.22

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


As you may know the Directors Regional PRC will be carried out on November
30th in Sao Paulo. In that meeting both Andrea Calo and Fabian Valle will be
represented by John Novak, and as you are their supervisor I would appreciate
if you can send the consolidated feedback to John before the meeting for him
to present to the committee.

Thanks,
Erica.


hello?


----- Forwarded by Jeff Dasovich/NA/Enron on 01/26/2001 03:56 PM -----

	Elizabeth Linnell
	01/26/2001 12:24 PM

		 To: Mary Schoen/NA/Enron@Enron, David Parquet/SF/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Margaret Carson/Corp/Enron@ENRON, seabron.adamson@frontier-economics.com,
Susan J Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/SFO/EES@EES, Steve Walton/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT,
mday@gmssr.com
		 cc: Steven J Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
		 Subject: Urgent - Steve Kean to testify at Senate hearing, need info

Steve Kean will be testifying at the Senate Energy Committee's hearing on
Wednesday regarding California.  Steve and Jim Steffes asked me to contact
you for the following information.  I've listed specific requests for several
people, but am copying many more of you for your input as well.  Anything you
can provide by sometime on Monday will be appreciated!

Dave Parquet - Siting of new power plants in California.  Any insight you can
provide regarding the rules, the current climate, what would fix the current
situation, etc.

Richard Sanders - Steve thinks he might be asked about whether the market was
manipulated.  Please provide information on whether this was the case and who
the participants likely were.  What's the current climate regarding
sanctions, etc.?

Mary Schoen - Any information you can provide relating to air emission issues
in California, and specific details for our recommendations regarding air
emissions.

Steve Walton - The status on RTO West, Desert Star, Cal ISO and general
information on RO development.

Sue Mara - Specific ordering language requiring the utilities to buy only
from the PX.  Was it required through legislation or the CPUC, and what
exactly does it mean.  Who was involved in formulating the language?
Information on block forward markets.

Alan Comnes - A copy of the CDWR response and anything they might have
available regarding long term proposals from the government.

Dan Allegretti - We have the e-mail Jim sent regarding the UI deal.  Please
provide more specifics on the deal, and information regarding portfolio
management approach.

Thanks for your help!


Attached File:

"Socrates Sculpture"    2000
Cor-ten Steel and Stainless Steel Bolts
267" L x 342" W x 76" H

--
DeWitt Godfrey, Assistant Professor
Department of Fine Arts
Amherst College
19 Fayerweather Hall
Amherst, MA 01002-5000
Tel  413 542 2162
Fax  413 542 7917
Email  dagodfrey@amherst.edu

 - dagodfrey.vcf


Meeting will be at 10:30 in 3125!  See you there.
Ben


Shorty,

What's going on young lady.  Hopefully, your week is starting off well.
Things were busy Sunday night through yesterday and don't appear to let up
very much (although our idea most likely will get the axe in the short
term).  Well, have to run (Darren is calling) but I'll give you a call later
today.

Ted


Isreal,

I apologize, but I'm going to have to cancel.  We've got some major problems
that I have to handle.  Monday at 10:30 am works for me.  Let me know if it's
good for you.

Thanks,

Errol, X5-8274

Israel Estrada
03/09/2001 07:24 AM
To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject: Confirmation

Hi Errol,

I just wanted to see if I could sit with you for a few minutes this morning.
We had tentatively said around 10:30 a.m. this morning.  Please let me know
if this is still okay for you.  Thanks again for your help.

Israel x53224


French GDP, the last good news before the fall?

GDP (Q3)
Actual: +0.5%qoq, +2.0%yoy
UBS Warburg: +0.3%qoq, +1.8%yoy
Consensus: +0.3%qoq, +1.8%yoy
Previous: +0.2%qoq, +2.2%yoy

French GDP is clearly a good surprise. However it owes much to one off
effects from tax cuts which boosted consumption. The other elements of the
GDP have remained quite weak. If consumption falters next quarter (as we
expect) GDP growth could end up being much lower. Hence we remain very
cautious on the medium term.
French GDP accelerated in Q3 at +0.5% qoq. Part of this good news is
however due to the fact that Q2 was revised down (+0.2%qoq instead of
+0.3%).

* Household consumption is the reason for the good number, it was up 1.2%
qoq (after +0.3% in Q2) and contributed to 0.7% to GDP growth. This good
performance is essentially the result of one off tax cuts, notably the
employment premium paid at the beginning of September. These effects should
vanish away in Q4 and the preliminary information available for October
retail sales indeed support this view.

* Other elements of final domestic demand are much more modest. Investment
remained virtually flat with a mere +0.1% qoq increase. We expected a
contraction hence the resilience of investment is a small positive for us.
However, investment should remain in the doldrums as long as
industrialists' prospects are as low as currently.

* Stocks contributed negatively (-0.4% qoq) to growth. This is not really a
surprise given the surge in consumption. But this is a positive element for
next quarter, stocks are likely to be back up.

* Both exports and imports plummeted again reflecting the deterioration of
international trade. Exports were down 1.5% qoq (like in Q2) while imports
fell 1.5% qoq as well (after -1.0% in Q2). Overall, the contribution from
net trade was thus flat, in line with our expectations. But this could go
into negative territory as foreign demand will continue to weaken.

St?phane D?o
Economic Research
UBS Warburg
Tel : +33 1 48 88 30 36
Fax : +33 1 47 63 48 08
Mob : +33 6 76 85 33 18
Stephane.deo@ubsw.com


Larry,
Here is the DFG-1603 notification cover letter and Attachment 1 (project
description and responses to questionnaire). This notification is required
for any disturbance of streams, rivers, wetlands, etc.  Unfortunately, the
State DFG requires notification as the area in question appears as a "blue
line" on USGS maps and is also a designated floodway.  The actual DFG forms
(2 pg notification and 3 pg enviro. questionnaire) and attachments will be
faxed to you and hard copy Fed-Ex'd today.  The other attachments are
available only in hard copy and will also be included in the package.
(Sorry, I missed the Fed-Ex pick-up last night).

 <<DFG-1603 coverltr.doc>>   <<1603- ATTACHMENT 1.doc>>

 - DFG-1603 coverltr.doc
 - 1603- ATTACHMENT 1.doc


Eva,  All the references are conditional upon term conversion occurring prior
to closing, so they work even though Term Conversion won't occur prior to
closing.  We plan on leaving the references as they exist.  Let me know if
you have any questions.

	Eva Neufeld@ENRON
	09/16/2000 03:50 PM

		 To: Shonnie Daniel, Gerald Nemec
		 cc:
		 Subject: Term Conversion References

Since theTerm Conversion won't occur prior to closing, will you be deleting
the references to it on  3.1(d), 3.1(k), 3.1(n), 3.1(q), and 4.5?  Thanks.
Eva.


The auction is now closed -- no more rounds will be run.  In round 70, there
were no new bids, no bid withdrawals, and no proactive waivers submitted.
In accordance with the auction rules, the Minister of Resource Development
will decide no later than Thursday, August 24 whether to accept all winning
bids or to reject all winning bids.  Names of standing high bidders will not
be revealed before the Minister's decision.


By now you have probably heard about three memos that discuss questionable trading strategies at Enron involving the California market. The memos were brought to the Board's attention several days ago, and the Board voted on Sunday to waive the attorney-client privilege with respect to those documents. On Monday, we turned the memos over to the Federal Regulatory Energy Commission and other appropriate agencies. There are likely to be a number of investigations into this issue, and as we have with all current investigations, we will cooperate fully with these efforts. If you should be contacted in regard to this matter, I encourage you to contact Bob Williams in our legal group at 713-345-2402. However, while these investigations continue to look into the past, our focus must be on the future and on moving this company forward.
Thanks for your continued efforts,
Steve Cooper


The report named: West NG Prices - Basis <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=45&report_name=West+NG+Prices+-+Basis&category_cd=2&category_name=WEST&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=11/21/2001>, published as of 11/21/2001 is now available for viewing on the website.

(Revision: 3)


Toni,

I would like to bring two people for an interview

One of them sent me a message that is attached below.
I am including the info about the 2nd gentleman below.

I would like to include myself, Vasant Shnabhogue, Tanya Tamarchenko
Stinson Gibner, Zimin Lu, Paulo Issler,  Alex Tang on the interview list.

It would be great if we could bring them this week on Friday. Tanya
will be at a training course next week. This means that if Friday this week
is too aggressive,
we should shoot for interviews in 2 weeks.

Sorry for a short notice.

Vince

Jermakyan, Martin
410 Brightmore Downs
Alpharetta, GA 30005
Phone: (770) 753-9341 (h)
 (404) 402-8957 (c)
martin@electraparners.com

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/09/2000
09:48 AM ---------------------------

VKaminski@aol.com on 10/07/2000 05:55:11 PM
To: vkamins@enron.com
cc:
Subject: Fwd: hello from Charles Shen at Williams Co.

Return-Path: <charlesshen8@yahoo.com>
Received: from  rly-zc02.mx.aol.com (rly-zc02.mail.aol.com [172.31.33.2]) by
air-zc02.mail.aol.com (v76_r1.8) with ESMTP; Wed, 04 Oct 2000 13:43:33 -0400
Received: from  web9407.mail.yahoo.com (23.0/24.129.136.216.in-addr.arpa
[216.136.129.23]) by rly-zc02.mx.aol.com (v75_b3.9) with ESMTP; Wed, 04 Oct
2000 13:43:06 -0400
Message-ID: <20001004174302.95070.qmail@web9407.mail.yahoo.com>
Received: from [151.142.252.11] by web9407.mail.yahoo.com; Wed, 04 Oct 2000
10:43:02 PDT
Date: Wed, 4 Oct 2000 10:43:02 -0700 (PDT)
From: Charles Shen <charlesshen8@yahoo.com>
Subject: hello from Charles Shen at Williams Co.
To: vkamins@ect.enron.com
Cc: vkaminski@aol.com
MIME-Version: 1.0
Content-Type: text/plain; charset=us-ascii
X-Mailer: Unknown

Dear Vince:

How are you? I am not sure whether you still remember
me, we met in a conference last year in Houston. After
having been working for Williams for about two years,
now I am ready to make a move. I have heard Enron is a
great company, I am wondering whether there is any
opportunity for me, either in research group or in
structure group

Here is brief description about myself: Right after I
got my Ph.D. on finance and econometrics from Duke
University in 1998, I joined Williams Energy Trading
company as a Quantitative Analyst. Now I am Lead Quant
and in charge of the quantitative research group with
7 highly talented people. I have done extensive
research and modeling about electricity,
load-following deal and tolling deals.

If you need any additional information, please feel
free to call me at 918-409-4308. I look forward to
hearing from you soon, thank you.

sincerely,
Charles

__________________________________________________
Do You Yahoo!?
Yahoo! Photos - 35mm Quality Prints, Now Get 15 Free!
http://photos.yahoo.com/


Do you still need me to sign something
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


I am wondering if you know which moving company Enron uses to move people to
Houston. Despite the fact that I haven't seen the formal offer I think I
should book a  mover so I don't get stuck. Let me know if you know or if
there is someone in Houston I should talk to (Jennifer?).

Thanx,

Chris


Brandi,  Attached is the Confidentiality Agreement for Torch.  Let me know if you have any questions.


thanks

Errol McLaughlin@ENRON
05/09/2001 01:06 PM
To: Andrea R Guillen@ECT
cc:
Subject: Re: V28710.1-2 & V28732.1-2

Andrea,

These deals have been changed to NYMEX swaps.

Thanks,

Errol, X5-8274

	From:  Andrea R Guillen @ ECT                           05/08/2001 02:17 PM

Sent by: Andrea R Guillen@ECT
To: Errol McLaughlin/Corp/Enron@ENRON, Laura Vargas/Corp/Enron@ENRON
cc: Larry Joe Hunter/HOU/ECT@ECT

Subject: V28710.1-2 & V28732.1-2

Hi,
 I received a call from BNP Paribas on these two EOL deals.
The trader at BNP talked to Dutch about changing the deals from Gas Daily to
Nymex
 please let me know
 Thanks Angie


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/01/2000
08:45 AM ---------------------------

"Pierre-Philippe Ste-Marie" <stemarie@icubed.com> on 10/30/2000 08:54:29 PM
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: MSCF Speaker Series

MSCF SPEAKER SERIES
OFFICIAL  INVITATION
?
?
IT IS WITH GREAT PRIDE THAT I ANNOUNCE THE  NEXT EVENT IN THE SPEAKER SERIES.
NEXT FRIDAY WE WILL HAVE THE HONOR TO HOST A  CONFERENCE GIVEN BY MR. VINCE
KAMINSKI?MANAGING DIRECTOR RESEARCH AT  ENRON CORP.
?

The Next Event in the
Student Speaker Series is:

Friday, November 3, 2000

11:30 a.m. to 12:30  p.m. Fast Lab

[IMAGE]Vince  Kaminski

Managing Director,  Research.

Enron Corp.

Tentative Student Speaker Series Schedule 2000-2001

The following is a tentative schedule of the MSCF Student Speaker Series  for
the 2000-2001 academic year. All events take place from 11:30 a.m. to  12:30
p.m. in the Fast Lab (GSIA 229) unless otherwise noted. Updates are soon  to
follow.

Volatility Curve  and Bond Basis
August 11, 2000
David Hartney  & Jerry Hanweck
Vice President, Futures and Option Sales & Head  of North American Futures
and Options Research; J. P. Morgan

Price and Hedging  Volatility Contracts
September 1, 2000
Dmitry  Pugachevsky
Deutsche Bank

Dmitry Pugachesky is a Director with  OTC Derivatives Research of Deutsche
Bank, where his research is primarily  focussed on credit derivatives. Prior
to joining Deutsche Bank, Dmitry worked  for six years with Global Analytics
Group of Bankers Trust. There he developed  models for emerging markets,
interest rates, and equity derivatives and also  participated in actual
trading and structuring of interest rate options. He  received his PhD in
applied mathematics from Carnegie Mellon University  specializing in control
theory for stochastic processes. He has published  several papers on
modelling in emerging markets and on valuation for passport  options.

A Measurement  Framework for Bank Liquidity Risk
September 15,  2000
Raymond Cote
Vice President, FinRad Inc.

Raymond  Cote is Vice President, Financial Engineering at FinRad Inc., a
Montreal-based  consulting firm offering financial management solutions that
combine advisory  and systems development services to &corporations and
financial  institutions.

Abstract:

Liquidity risk, as opposed to credit and  market risks, has received little
attention in professional or academic  journals. We argue that analyzing bank
liquidity risk can be viewed as a  variation of credit risk analysis. After
introducing some concepts and  definitions, the presentation defines a
framework allowing to measure a bank's  structural liquidity risk. It then
shows that combining the framework with  modern credit risk measurement tools
leads to a liquidity risk VAR measure.  The presentation then offers
concluding comments on the integration of the  liquidity risk measurement
framework within enterprise-wide risk  management.

The Impact of  Electronic Trading on the Uses of Quantitative Research in
Equity  Options
September 22, 2000
Scott  Morris
Hull Group, Quantitative Research Department

Quantitative  Research in Investment Management
October 6,  2000
Raman Srivastava & Anna Bulkovshteyn
Assistant Vice  President, & Fixed Income, Quantitative Analysts, Putman
Investments

[IMAGE]
TBA
November 3, 2000
Vince Kaminski
Managing Director, Research.
Enron Corp.

Fund Management and  Market Efficiency
November 10, 2000
Andrea  Dalton
Researcher, Friess Associates
(advisor to the Brandywine  Funds).

TBA
November 17, 2000
Jeff Keifer & Deb
AEP

Tutorial on  BRIDGE
November 24, 2000
Pierre Ste-Marie  & Punit Rawal
MSCF Students

A Corporate Risk  Management Framework
December 8, 2000
Darin  Aprati & Brian Moore
McDonald's

[IMAGE]Math Speaker  Series Schedule 2000-2001
[IMAGE]Speaker Series Student  Committee
[IMAGE]Previous  Speakers

?

Pierre-Philippe  Ste-Marie
--------------------------------------
[IMAGE]http://pstemarie.homestead.com


Ashley,

The web site address of the prof at Berkeley I contacted.

http://www.ieor.berkeley.edu:80/~oren/

Vince


We need to put a briefing book together for Ken ASAP for his California trip.


did your mom have any insight

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 1:57 PM
To:	Maggi, Mike
Subject:	RE:

well so did i and i told him that, but he refused so whatever

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, January 07, 2002 1:57 PM
To:	Nelson, Michelle
Subject:	RE:

i think that you guys should go talk to somebody

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 1:54 PM
To:	Maggi, Mike
Subject:	RE:

just about what i wanted to do with me life and kids and how i treat him.  basically i guess that i suck as a wife.  i don't like his family etc when they are the ones who treat me like crap.  he just bitched at me about everything.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, January 07, 2002 1:52 PM
To:	Nelson, Michelle
Subject:	RE:

can you tell me what kind of things he said

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 1:52 PM
To:	Maggi, Mike
Subject:	RE:

talk to wade.  i refuse to live how we are living.  i still can't believe some of the things that he said to me on saturday.  i just want to know where he stands i guess.  ofcourse, my mom thinks that i am a psycho now!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, January 07, 2002 1:49 PM
To:	Nelson, Michelle
Subject:	RE:

friday morning, I cant wait, what do you mean figure out your life

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 1:48 PM
To:	Maggi, Mike
Subject:	RE:

nothing really.  just sitting here.  i guess trying to figure out my life??!!!  :)  how about you?  when are you leaving for skiing?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, January 07, 2002 1:45 PM
To:	Nelson, Michelle
Subject:	RE:

i know and its really depressing at first until you start to see results, im going to be really sore for skiing, anyway what do you have going on this week

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 1:43 PM
To:	Maggi, Mike
Subject:	RE:

i am running mtm's for george.  BORING!!!  we just got back about 15 minutes ago.  you will get there.  it takes time and it is not fun!  :)

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, January 07, 2002 1:42 PM
To:	Nelson, Michelle
Subject:	RE:

my work out was ok, im so damn out of shape but im committed to go every day now, i want to lose 20 pounds by march 1, anyway, i went to barnabys with john sandra, and andy, what are you doing

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 1:22 PM
To:	Maggi, Mike
Subject:

i think that we just saw you driving.  did you leave for lunch?  how was your workout?


We received verbal confirmation of the X-56 OFO waiver from DTI.  The
following points are alternate (secondary) delivery points to Transco Leidy
for contract .3924;

Iroquois @ Canajoharie, Empire @ Lysanda, TGP @ Sabinsville, TETCO @ Leidy,
TGP @ Morrisville and  TGP @ Ellisburg

I will forward the written confirmation to Steve Gillespie, I should get that
in the next few days.
The indications from DTI are for the X-56 and Valley Gate restrictions to be
imposed mid month (November), however if the mild weather in the NE persists
it may get pushed towards the end of the month.
Let me know if you have any questions.


---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 12/14/2000
11:27 AM ---------------------------

	Enron North America Corp.

	From:  Rebecca W Cantrell                           12/13/2000 04:22 PM

To: Stephanie Miller/Corp/Enron@ENRON, Ruth Concannon/HOU/ECT@ECT, Jane M
Tholt/HOU/ECT@ECT, Tori Kuykendall/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Timothy J Hamilton/HOU/EES@EES, Robert
Superty/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Donna Greif/HOU/ECT@ECT,
Julie A Gomez/HOU/ECT@ECT
cc:
Subject: Final Filed Version -- SDG&E Comments

FYI.
---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 12/13/2000
04:18 PM ---------------------------

"Randall Rich" <rrich@bracepatt.com> on 12/13/2000 04:13:55 PM
To: "Jeffrey Watkiss" <dwatkiss@bracepatt.com>, <jhartso@enron.com>,
<jsteffe@enron.com>, <llawner@enron.com>, <rebecca.w.cantrell@enron.com>,
<Richard.b.sanders@enron.com>, <snovose@enron.com>
cc:
Subject: Final Filed Version

The filed version of the comments in the San Diego Gas & Electric matter at
FERC is attached.

 - SANDIEGO.DOC


The document on the bottom is the one you are looking for.  I will send one
of the exhibits separately.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/07/2001 04:19
PM ---------------------------

Dale Rasmussen@ECT
03/06/2001 12:05 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: LV Cogen/GE Agreement

---------------------- Forwarded by Dale Rasmussen/HOU/ECT on 03/06/2001
10:02 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Thompson, Peter J." <pthompson@akllp.com>
02/28/2001 09:11 AM

To: "Dale Rasmussen (E-mail)" <Dale.Rasmussen@enron.com>, "Kay Mann (E-mail)"
<kay.mann@enron.com>
cc: "Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Chris"
<chriscobb@akllp.com>
Subject: LV Cogen/GE Agreement

 Attached please find the execution copy of the LV Cogen/GE
Agreement (the second document below), which incorporates the revised
Retention Letter amounts.  I have also included a blackline (first
document below) so that you can demonstrate to GE that no other changes
have been made.  To complete the Agreement, the date of execution must
be added to the first page and Exhibit H-2 must be inserted manually.  I
believe that you already have a copy of Exhibit H-2 provided by Lee
Johnson, but I will forward a copy momentarily.
 <<Comparison of LV Cogen/GE Agreement Versions 4 to 5.DOC>>  <<LV Cogen
Gas Turbine Purchase Agreement - Version 5.DOC>>

 - LV Cogen Gas Turbine Purchase Agreement - Version 5.DOC


Vera:

In studying the below information, if I am understanding it correctly, only
$199.7 was to be reversed back to the Research Group and it should
have occurred in July.  Do you not notice this entry either?

Please let me know.

Thanks!

Shirley Crenshaw

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 08/11/2000
10:08 AM ---------------------------

Vince J Kaminski
08/10/2000 02:25 PM
To: Vera Apodaca/ET&S/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT
Subject: Re: Research and Development charges to GPG

Vera,

We shall talk to the accounting group about the correction.

Vince

08/09/2000 03:26 PM
Vera Apodaca@ENRON
Vera Apodaca@ENRON
Vera Apodaca@ENRON
08/09/2000 03:26 PM
08/09/2000 03:26 PM
To: Pinnamaneni Krishnarao/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Research and Development charges to GPG

Per mail dated June 15 from Kim Watson,  there was supposed to have occurred
a true-up of $274.7 in July for the fist six months of 2000.  Reviewing July
actuals,  I was not able to locate this entry.  Would you pls let me know
whether this entry was made,  if not,  when do you intend to process it .
thanks.


Per our earlier agreements with the Online Team, this counterparty is a
division and I will not open them up to trade until the incorporated entity
is part of the counterparty name.  Our financial contract is set up as "Koch
Industries, Inc., acting through its Koch Hydrocarbon Company Division".


ISO Market Participants:
Since Trade Month November 2000 (which settled beginning in January 2001),
payment defaults in the ISO markets have caused the ISO to pay less than the
full amount due Scheduling Coordinators (SCs) in the monthly cash clearing
process.  The purpose of this message is to describe the ISO's policies and
procedures in settling the market when defaults occur.
As set forth in Section SABP 6.7.4 of the ISO Tariff, when payment defaults
occur from SCs that have obligations to the ISO's markets (Debtor SCs), the
shortfall is to be prorated to SCs with net amounts due them (Creditor SCs)
based on their outstanding balances. The principles that drive how amounts
are settled and defaults are allocated to Creditor SCs are summarized below:
Proportionate allocation of defaults - The total amount of market defaults
is allocated to the Creditor SCs on a proportionate basis such that each
Creditor SC receives the same percentage of their total net amount
receivable for the month.  SCs are allowed to net the credits and debits on
a monthly basis as described below.  The intent of the Tariff is to
equitably distribute market shortfalls only to those SCs that have net
market receivables for the period.
Each month is treated as a whole period - Final and preliminary invoices are
combined when possible (see exception conditions below) in allocating market
defaults.  Cash payments from the market are received in two stages
(preliminary and final).  At preliminary, market payments are distributed
based on the preliminary amounts due to the Creditor SCs as set forth in the
preliminary invoices. Final invoices serve essentially as true-ups to the
preliminary invoices, and accordingly, payments received at final are
redistributed to the extent possible to achieve true-up allocations for the
whole month considering the combined amounts due the Creditor SCs from both
the preliminary and final invoices.
Each month is treated as a discrete period - Market defaults are generally
allocated to the Creditor SCs that have amounts due for the month being
settled.  The exceptions to this rule involve (1) SCs that are Creditor SCs
in the current month but have default obligations relating to prior periods
or (2) Debtor SCs that pay in the current month but have unpaid balances for
prior months.  In the first instance, the Creditor SC would not be paid to
the extent of default obligations from prior months.  Amounts due to the
Creditor SC would be allocated back to the default period and such proceeds
would be allocated based on remaining amounts still owed for that period. In
the second instance the current month's payment is carried back and applied
first to the oldest outstanding balance. The proceeds would be distributed
to the Creditor SCs for that earlier period based on the Creditor SCs unpaid
balances in that month.  With respect to the carry back of payments to the
earliest period, Pre and Post bankruptcy debts are deemed to be from
different SCs.
GMC defaults are remedied as a first priority on market payments  - GMC is
billed separately from market billings on both preliminary and final
invoices each month.  In the event of payment default on any GMC invoices
(at either preliminary or final), market funds are transferred to satisfy
GMC obligations before any market distributions are made.  This first
priority position for GMC revenues is set forth in Section SABP 6.3.1.3 of
the ISO Tariff.  Therefore, when both GMC and market defaults occur (as has
occurred in each of the past few months), the Creditor SCs have two
reductions to the market clearing amounts ultimately paid - an allocated
portion of the GMC default, and an allocated portion of the market default.
RMR invoices and payments are not affected by market or GMC defaults - The
RMR invoicing process involves amounts due from the PTO's to the RMR Owners
as set forth in monthly invoices processed through the ISO's systems.
However, such amounts are invoiced independent of the ISO's market and GMC
billing processes, and accordingly, market and/or GMC defaults do not impact
RMR related payments.
There are a number of factors that complicate the monthly process of
allocating cash to Creditor SCs when defaults occur.  Some of these factors
include:
*	amounts received after payment date deadlines - such amounts are
typically included in the next distribution
*	market payments due to Creditor SCs that default on GMC in the
current month - such market allocations are reduced by the specific amount
of the GMC default by the Creditor SC
*	allocations to prior months - not made unless the amount exceeds
0.5% of that months billed amounts
*	small invoices under $5,000 are paid in full rather than the
allocated percentage.
For more information about these allocation issues or any other related
matters, please contact Melodie Iverson (916) 351-2174 (e-mail
mkiverson@caiso.com <mailto:miverson@caiso.com> ) or Mike Epstein (916)
351-2314 (e-mail mepstein@caiso.com <mailto:mepstein@caiso.com> ) at the
ISO.

Byron B. Woertz, Jr.
Director, Client Relations
Phone:  (916) 608-7066
Pager:   (800) 481-7037


---------------------- Forwarded by Kay Mann/Corp/Enron on 03/30/2001 01:41
PM ---------------------------

Stephen Thome@ECT
03/30/2001 01:28 PM
To: rvicens@deltapower.com, aharrington@deltapower.com, ccampbell@kslaw.com,
Christopher F Calger/PDX/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc:

Subject: 2:00 PM CST Conference Call

Here is the call-in:

1-877-475-9234

host 539428

participant 748192


Attached is a summary of PG&E's notes on how they calculate the PX Credit (until January 19, 2001 when they hardwired $150/mwh).  We continue to try and get a handle on how the FERC Refund case will impact the PX Credit and Negative CTC.  If anyone has any issues or comments, please let me know.

Thanks.

Jim


I spoke with Steve Kessler this morning.  He told me that he agreed with
Carol to net commodity transactions (which was actually more than he wanted
to agree to!).  However, DB does not have the systems to net within other
product groups.  Sara


<TITLE>Gas Indices - IntercontentalExchange</TITLE>

IntercontinentalExchange

Firm Physical Natural Gas Price Bulletin

For Natural Gas Delivered on Thursday, December  27, 2001

(Trade Date of Wednesday, December  26, 2001)

Click here to access index history.

* volume represents sell-side only *

 Region
    Hub	High
Low
Wtd Avg Index
Change ($)
Vol (mmBtu)

Hub Name

LOUISIANA

    <NOBR>ANR SE	          $2.9050	          $2.7800	          $2.8811	+    .3423	         194,500	American Natural Resources Pipleline Co. - SE  Transmission Pool

    <NOBR>Columbia Onshore	          $2.9700	          $2.7800	          $2.9246	+    .3548	         242,500	Columbia Gulf Transmission Co. - Onshore Pool

    <NOBR>Henry Hub	          $3.0050	          $2.8300	          $2.9557	+    .3286	         992,300	Henry Hub - Tailgate, Louisiana

    <NOBR>NGPL LA	          $2.9050	          $2.7200	          $2.8569	+    .3246	         254,400	Natural Gas Pipeline Co. of America - Louisiana Pool

    <NOBR>Tenn 500L	          $2.9300	          $2.7600	          $2.8976	+    .3635	         183,600	Tennessee Gas Pipeline Co. - Zone L, 500 Leg Pool

    <NOBR>Tenn 800L	          $2.9300	          $2.8600	          $2.8991	+    .3542	         186,200	Tennessee Gas Pipeline Co. - Zone L, 800 Leg Pool

    <NOBR>TETCO ELA	          $2.9400	          $2.8600	          $2.9136	+    .3724	          90,900	Texas Eastern - East LA

    <NOBR>TETCO WLA	          $2.9350	          $2.8150	          $2.8832	+    .3852	          52,700	Texas Eastern - West LA

    <NOBR>Transco 65	          $3.0300	          $2.8650	          $2.9680	+    .3266	         217,900	Transcontinental Gas Pipeline Corp. - Station 65

    <NOBR>Trunkline ELA	          $2.9000	          $2.6650	          $2.8738	+    .3666	          88,900	Trunkline Gas Company - East Louisiana Pool

    <NOBR>TxGas SL	          $2.9900	          $2.8200	          $2.9424	+    .3569	         412,200	Texas Gas Transmission Corp. - Zone SL FT Pool

MIDCONTINENT

    <NOBR>MichCon, citygate	          $3.1000	          $2.9400	          $3.0674	+    .4199	         347,600	Michigan Consolidated Citygate

    <NOBR>NGPL Midcont	          $2.9000	          $2.6800	          $2.7875	+    .3261	         239,000	Natural Gas Pipeline Co. of America - Mid-Continent Pool

    <NOBR>NGPL Nicor, citygate	          $3.0700	          $2.9000	          $2.9848	+    .5482	         893,800	Natural Gas Pipeline Co. of America - Nicor Citygate

    <NOBR>NGPL NIPSCO, citygate	          $3.0675	          $2.9100	          $2.9849	+    .4484	         150,000	Natural Gas Pipeline Co. of America - Nipsco Citygate

    <NOBR>NNG Demarcation	          $3.1000	          $2.7825	          $2.9151	+    .4039	         198,500	Northern Natural Gas - Demarcation Pool

NORTHEAST

    <NOBR>Columbia TCO	          $3.2200	          $3.0200	          $3.0959	+    .3846	         411,900	Columbia Gas Co. - TCO Pool (Appalachia)

    <NOBR>Dominion So.Point	          $3.3000	          $3.0300	          $3.1437	+    .4472	         231,400	Dominion - South Point

    <NOBR>TETCO M3	          $3.7000	          $3.5000	          $3.6528	+    .6687	         211,100	Texas Eastern - M3 Zone

    <NOBR>Transco Z-6 (NY)	          $3.9000	          $3.7000	          $3.8114	+    .7849	         117,200	Transcontinental Gas Pipeline Corp. - Zone 6 (NY)

WEST

    <NOBR>El Paso non-Bondad	          $2.8200	          $2.6800	          $2.7197	+    .3208	          51,700	El Paso - San Juan Basin, Blanco Pool (non-Bondad)

    Huntingdon/Sumas	          $2.6200	          $2.5000	          $2.5532	+    .0532	          31,000	Westcoast Energy & Northwest Pipeline Corp.

    <NOBR>Opal	          $2.8400	          $2.5500	          $2.6772	+    .3655	         149,200	Opal Plant Tailgate

    <NOBR>PG&E Citygate	          $3.1200	          $2.9400	          $2.9822	+    .2471	         149,500	PG&E - Citygate

    SoCal Border	          $2.9500	          $2.7000	          $2.8274	+    .2876	         135,000	Southern California Border Points (Ehrenberg,Topock,Needles)

WEST TEXAS

    <NOBR>El Paso - Keystone	          $2.8200	          $2.7000	          $2.7446	+    .3075	         208,300	El Paso - Keystone Pool

    <NOBR>Waha	          $2.8800	          $2.6800	          $2.7907	+    .3018	         270,700	Waha Hub - West Texas

Includes all firm physical fixed price trades done from 7 AM to 11:30 AM Central Prevailing Time on the trade date specified for natural gas delivered on the specified date(s).

IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.

In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.    Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.

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To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com.

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©Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


Good point, I agree. ?The language also preserves the possibility of
competition in billing services. ?If the utilities want to charge too much
for the service, we'd like a chance to provide the state with private-label
billing. ?Peter

Peter Bray
The New Power Company
415-782-7810

	Kassandra Gough <kgough@calpine.com>

	02/07/01 12:35 PM
		? ? ? ?
		? ? ? ? To: ? ? ? ?"'Julia Wright'" <jwright@smithandkempton.com>, "'Aaron
Thomas'" <athomas@newenergy.com>, "'Allan Lippincott'"
<alippin@mail.arco.com>, "'Ann Cohn (e-mail)'" <cohnap@sce.com>, "'Ann Watson
(e-mail)'" <anw@cpuc.ca.gov>, "'Anna Ferrera (e-mail)'"
<Anna.Ferrera@SEN.CA.GOV>, "'Art Carter (e-mail)'" <debinorton@aol.com>,
"'assistant to John Fielder'" <moravekj@sce.com>, "Audra Hartmann (E-mail)"
<ath@cpuc.ca.gov>, "'Barbara Barkovich (e-mail)'"
<brbarkovich@earthlink.net>, "'Becky Kilbourne (e-mail)'"
<bakilbourne@calpx.com>, "'Bill Booth (e-mail)'" <wbooth@booth-law.com>,
"'Bill Dombrowski (e-mail)'" <cra@calretailers.com>, "'Bill Keese (e-mail)'"
<wkeese@energy.state.ca.us>, "'Bill Zobel (e-mail)'" <bzobel@mail.arco.com>,
"'Bob Foster (e-mail)'" <fosterrg@sce.com>, "'Bob Houston (e-mail)'"
<houstgrp@pacbell.net>, "Brian Kelly (E-mail)" <brian.kelly@sen.ca.gov>,
"'Carolyn McIntyre (e-mail)'" <cmcintyre@sempra.com>, "'Catherine Hackney
(e-mail)'" <hacknece@sce.com>, "'Charles Bacchi (e-mail)'"
<charles.bacchi@asm.ca.gov>, "'Dan Carroll (e-mail)'" <dcarroll@dbsr.com>,
"'Delaney Hunter'" <dhunter@smithandkempton.com>, "Delbert Fore (E-mail)"
<fore.delbert@epenergy.com>, "'Denice Cazalet (e-mail)'" <dcazalet@apx.com>,
"'Dennis Price (e-mail)'" <priced@epenergy.com>, "'Denny Samuel (e-mail)'"
<dsam@chevron.com>, "'Dominic DiMare (e-mail)'"
<dominic.DiMare@calchamber.com>, "'Dorothy Rothrock (email)'"
<drothrock@cmta.net>, "'Ed Yates (e-mail)'" <ed@clfp.com>, "'Eloy Garcia
(e-mail)'" <egarcia@ka-pow.com>, "'Evelyn Elsesser (e-mail)'"
<eke@aelaw.com>, "'Gary Heath (e-mail)'" <gheath@eob.ca.gov>, "'Gordon
McDonald (e-mail)'" <gordon.mcdonald@pacificorp.com>, "Greg Hardy (E-mail)"
<hardygl@texaco.com>, "'Jack Flanigan (e-mail)'"
<jackflanigan@flaniganlaw.com>, "'Jack Gualco (e-mail)'"
<Jackson_Gualco@gualcogroup.com>, "'Jack Stewart (email)'"
<jstewart@cmta.com>, "'James Boyd (e-mail)'" <jim@resources.ca.gov>, "'Jan
Smutny-Jones (e-mail)'" <smutny@iepa.com>, "Jeannie Cain (E-mail)"
<jeanne.cain@calchamber.com>, "'Jeff Dasovich (e-mail)'"
<jdasovic@enron.com>, "'Jerry Jordan (e-mail)'" <jordan@cmua.org>, "'Jim
Groniger (e-mail)'" <gronign@texaco.com>, "'Joe Lyons (e-mail)'"
<joseph.lyons@asm.ca.gov>, Joe Ronan <JoeR@calpine.com>, "'John Bridges
(e-mail)'" <bridgesj@epenergy.com>, "'John Fielder (e-mail)'"
<fielderjr@sce.com>, "'John Fistolera (e-mail)'" <johnf@ncpa.com>, "'John
Larrea (e-mail)'" <john.g.larrea@williams.com>, "'John Rozsa (e-mail)'"
<John.Rozsa@sen.ca.gov>, "'John White (e-mail)'" <vjw@cleanpower.org>,
"'Joseph Alamo'" <jalamo@enron.com>, "Julee Malinowski-Ball (E-mail)"
<jmball@ns.net>, "'Karen Edson (e-mail)'" <kedson@ns.net>, "'Karen Jarrell
(e-mail)'" <kjarrell@smurfit.com>, "'Karen Koyano (e-mail)'"
<kykoyano@calpx.com>, "'Karen Lindh (e-mail)'" <karen@klindh.com>, "'Karen
Mills (e-mail)'" <kmills@cfbf.com>, "'Kari harteloo (e-mail)'"
<klc@aelaw.com>, Kassandra Gough <kgough@calpine.com>, "'Kathy Brandenburg
(e-mail)'" <katherinebrandenburg@flaniganlaw.com>, "'Kay Grosulak (e-mail)'"
<kgrosulak@sppc.com>, "'Keith McCrea (e-mail)'" <kmccrea@sablaw.com>, "Kent
G. Smith (E-mail)" <ksmith@energy.state.ca.us>, "'Kevin Lynch (e-mail)'"
<Kevin.Lynch@pacificorp.com>, "'Kevin Smith (e-mail)'" <kevins@ncpa.com>,
"Kip Lipper (E-mail)" <kip.lipper@sen.ca.gov>, "'Lawrence Lingbloom
(e-mail)'" <lawrence.lingbloom@sen.ca.gov>, "'Lenny Goldberg (e-mail)'"
<iga@mother.com>, "'Louis Szablya (e-mail)'" <szablyal@epenergy.com>, "'Marc
Joseph (e-mail)'" <mdjoseph@adamsbroadwell.com>, "'Mark Monagan (Calpine)'"
<mrmonagan@aol.com>, "'Marwan Masri (e-mail)'" <mmasri@energy.state.ca.us>,
"'Mary McDonald (e-mail)'" <memcdonald@calpx.com>, "'Michael Alcantar
(e-mail)'" <mpa@aelaw.com>, "'Mie Florio (e-mail)'" <mflorio@turn.org>,
"'Mike Kahl (e-mail)'" <mikahl@ka-pow.com>, "'Mona Petrochko (e-mail)'"
<mpetroch@enron.com>, "'Pete Conaty (e-mail)'" <pcaceo@pacbell.net>, "Peter
Bray (E-mail)" <pbray@newpower.com>, "'Phil Nails (e-mail)'"
<phil.nails@asm.ca.gov>, "Phil Stohr (E-mail)" <pstohr@dbsr.com>, "'Ralph
Cavanagh (e-mail)'" <rcavanagh@nrdc.org>, "'Randy Chinn (e-mail)'"
<randy.chinn@sen.ca.gov>, "'Ray Thompson (e-mail)'"
<ray.thompson@sen.ca.gov>, "Richard Costigan III ESQ. (E-mail)"
<richard.costigan@asm.ca.gov>, "Richard Mesereau (E-mail)"
<richard.mesereau@asm.ca.gov>, "'Rick Counihan'"
<rick.counihan@greenmountain.com>, "'Robert Berry (e-mail)'" <berry@apx.com>,
"'Robin Larson (e-mail)'" <rlarson@caiso.com>, "Roderick A. Campbell
(E-mail)" <roderick.campbell@asm.ca.gov>, "Scott Tomashefsky (E-mail)"
<stomashe@energy.state.ca.us>, "'Sheryl Carter (e-mail)'" <scarter@nrdc.org>,
"'Steve Pike (e-mail)'" <pikes@epenergy.com>, "Steve Ponder (E-mail)"
<steve_ponder@fpl.com>, "'Stu Wilson (e-mail)'" <swilson@cmua.org>, "'Sue
Mara (e-mail)'" <smara@enron.com>, "'Susan Reeder (e-mail)'"
<sreeder@sppc.com>, "'Terry Winter (e-mail)'" <twinter@caiso.com>, "'Thomas
Dinkel (e-mail)'" <tdinkel@retx.com>, "'Tim Schmelzer (e-mail)'"
<tschmelz@energy.state.ca.us>, "'Tommy Ross (e-mail)'" <rosst@sce.com>,
"'Tony Braun (e-mail)'" <braun@cmua.org>, "'Victoria Schaefer (e-mail)'"
<schaefvl@sce.com>
		? ? ? ? cc: ? ? ? ?Steven Schleimer <sschleimer@calpine.com>, Alex Makler
<AlexM@calpine.com>, Joe Ronan <JoeR@calpine.com>, James Macias
<Jmacias@calpine.com>
		? ? ? ? Subject: ? ? ? ?Calpine Changes to AB 1X Amend

Hi All,

Calpine appreciates the opportunity to comment on the proposed amendments to
AB 1X. ?The proposed amendment would delete language now in section 80110
which provides: ?"The department shall have the same rights with respect to
the payment by retail end use customers for power sold by the department as
do providers of power to such customers."

That language is extremely useful for maintaining that the department may
directly bill customers if, for example, the CPUC does not adopt a
sufficient rate recovery mechanism. ? It is very important to use that we
keep that language intact. ?I don't believe this should be a problem for any
of you but please call me at (916) 443-2500 if it is. ?Thank you.

 - subscription protocols..doc


Joan:  Great!  Susan said she would like to go to a few shops as you
suggested.  We can talk about that.

Mark


Spoke w/Claudia


Steve, I've scheduled Rick to come out on Wednesday at 3:00p.

He has your home number and his number is 281-469-0560, just in case you need it.

If 3:00p is not good, he is available whenever you'd like it, just let me know.

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax


Zimin,

I shall join you.

Vince

Zimin Lu
11/03/2000 02:14 PM
To: Stinson Gibner/HOU/ECT@ECT, Douglas S Friedman/HOU/ECT@ECT
cc: Bob Lee/NA/Enron@Enron, Lee Jackson/HOU/ECT@ECT (bcc: Vince J
Kaminski/HOU/ECT)
Subject: Ethylene deal valuation

Dear All,

I would like to get together to review the Ethylene deal valuation. The desk
is
about to submit the bid on Nov. 10.  Due to the size of this deal, we need to
be as accurate as possible.

I propose 1:30pm on Monday at one of our conference room.
If you have time conflict please let me know.

Zimin


Apologies for the mass e-mail.

I know many of you are thinking that you received an e-mail message from me
to this effect not too long ago.  But, a good opportunity presented itself
and I've just started w/ Duke Energy in their Risk Management group.
Needless to say I hit the ground running and am starting my second week.
It's an exciting project - where we're working to develop a corporate wide
risk management system.

My new e-mail is relizondo1@duke-energy.com and you can also reach me at
713-627-4286.

- Rudy Elizondo


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Real-Timers:

Arco is going down for a few hours in the morning on Thursday, 8/23 to conduct some maintenance.  They are prescheduled at 26mw, but from HE 2-9, they will only be able to produce 10mw.  So, please reduce their generation schedule, and purchase 16mw, HE2-9, in SP15 for them.

Also, for HE3-6, of those 16mw that you purchase for Arco, please sell 11mw to ST West Services (deal #744709), and then sell to Arco (deal #744714) for the same price that you sold to West Services.  The remainder just sell straight to Arco.  This needs to be done because there were some funky schedule adjustments by the ISO.  Basically, the ISO cut Arco's day-ahead schedule by 11mw for HE3-6, so West Services had wear that in order for the day-ahead Enpower to Caps report to tie out.

One more thing, the ISO also adjusted several other generator schedules for HE3-6, on Thursday, 8/23.  I emailed the generators who were affected (Sierra, Wheelabrator Martel, and Nove).  I told them that we resubmitted all their schedules in the hour ahead market, and that we were relatively confident that their preferred schedules would be awarded hour ahead.  But if they so desired, they could call into the real-time desk one hour before the flow to check the hour-ahead final.  That way the could make any adjustments to their generation if necessary.  So, you might get a few calls in the middle of the night from a few generators to check their final hour-ahead schedules.  But to be honest, I highly doubt you'll get any calls.  I know you won't get a call from Nove or Sierra, if you do get a call it might be from Wheelabrator Martel.

Thanks a bunch,
Stan


Wendi:

Attached for your further handling is the referenced CA.  When you receive the signed document from Poli-Twine, please have it initialled by a lawyer before having Bill sign.

Let me know if you have any questions or need anything else.

Marie
x33907


Dave-

I appreciate you taking this thing on.  Any thoughts as of yet as to who your team will be?

-----Original Message-----
From: Delainey, David W.
Sent: Fri 12/28/2001 12:45 PM
To: Ken Lay - Office of the Chairman
Cc: Whalley, Greg; McMahon, Jeffrey; Derrick Jr., James
Subject:

Ken, as per our discussion.

Regards
Delainey

<< December 28.doc >>


Start Date: 4/5/01; HourAhead hour: 9;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040509.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 9 / Preferred:  12.00 / Final:  13.00)
  TRANS_TYPE: FINAL
  SC_ID: Wheelabrat
  MKT_TYPE: 2
  TRANS_DATE: 4/5/01
  UNIT_ID: MARTEL_2_AMFOR
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 9 / Preferred:  29.00 / Final:  22.63)
  TRANS_TYPE: FINAL
  SC_ID: ARCO
  MKT_TYPE: 2
  TRANS_DATE: 4/5/01
  UNIT_ID: CARBGN_6_UNIT 1

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 9 / Preferred:  61.96 / Final:  56.56)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/5/01
  SC_ID: EPMI


the feeling is quite mutual.

best,
jeff

	Donald Lassere@ENRON COMMUNICATIONS
	11/10/2000 12:08 PM

		 To: Jeff Dasovich/Na/Enron@ENRON
		 cc:
		 Subject: Re:

Jeff,

Thank you - it's been great working with you! You are definitely one the most
intelligent, hardest working individuals I have had the pleasure of working
with.

Kindest regards,

Donald

	Jeff Dasovich@ENRON
	Sent by: Jeff Dasovich@ENRON
	11/10/00 10:53 AM

		 To: Donald Lassere/Enron Communications@Enron Communications, Scott
Bolton/Enron Communications@Enron Communications
		 cc:
		 Subject:

Just talked to Sue re: yesterday's meeting and before I shoot myself in the
head, I just wanted to say it's been great working with  you guys.
Unbelievable....   In any case, congratulations.  Sounds like, all in all, it
was a good meeting.

Scott:  has Oregon figured out who they voted for yet?


that is ok.  Thanks for the update.
PL


Please refer to Transalta Tag numbers 210W040 & 210W052.   This schedule was
cut by the CISO coming in to Palo and is going real time per TEMU.  Please
confirm with TEMU our up stream and down stream.   The cuts were as follows

 HE 1 = 14
 HE2 = 10
 HE3 = 25
 HE4 = 10
 HE5,6,23 = 25
 HE24 = 14

Please make sure that a total of 25mw's flows each hour LLH.

Thanks
Stacy


Lisa:

	The above is an entity that does a lot of gas purchasing.  It has not yet been put into bankruptcy.  Given the various payments that have and will not be made, I think serious consideration should be given to filing for this entity.

Thanks,

Jeff


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

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

Distillate     http://www.carrfut.com/research/Energy1/hoil20.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded20.pdf

Daily Energy Letter
http://www.carrfut.com/research/Energy1/Energy-Letter1-23-02.pdf


---------------------- Forwarded by Scott Neal/HOU/ECT on 10/09/2000 11:08 AM
---------------------------

"John & Catherine Byrd" <jcbyrd@ev1.net> on 10/09/2000 09:57:47 PM
To: <Paul.Stehr@standardregister.com>, <david_m_benninger@reliantenergy.com>,
<butch@watsonmoving.com>, <Delozier.s-Don@USA.conoco.com>, <efalldr@aol.com>,
<Jimmy.Daggett@ST-Systems.com>, <joe_a_hays@oxy.com>,
<jhaveman@danielind.com>, <letenhave@freewwweb.com>, <markjpate@hotmail.com>,
<marks@stes.com>, <rkgbh@aol.com>, <rhancock@nmhn-law.com>,
<sneal@enron.com>, <troy_utz@ml.com>
cc:
Subject: Indian Guides October 2000

Hey Dads - The October event will be an outing to  the Wings Over Houston
Airshow on Sunday, October 22nd. We will meet at James  Coney Island at 12:30
PM, have lunch and caravan to the show at Ellington Field.  Tickets can be
purchased in advance at Kroger. Adult tickets are $15, children 6  - 11 $5.
You can get coupons over the internet reducing the cost to?adult  tickets to
$10 and children's tickets to $4. Check out the web site
www.wingsoverhouston.com
?
Please let me know if you are planning to attend  and if you would like
me?buy your tickets for you.
?
Yat-teh-hey
?
Johnny Byrd
?


Title: Iraq and the United Nations
URL(s):
http://www20.cera.com/eprofile?u=35&m=2467

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

Iraq's cutoff of its UN-sanctioned oil exports on June 4 is a signal of its
opposition to changes under consideration by the Security Council.

*  The Security Council decided unanimously on May 31 to roll over the oil
exports for one month, instead of the usual 180 days, while it debates the
changes.

*   Under consideration is a plan to lift most economic sanctions, strengthen
UN control of Iraq's oil exports, and tighten restrictions on Iraq's access to
new weaponry.

*  By strengthening control over oil exports, the new plan would reduce Saddam
Hussein's access to oil revenues. The approach also implies continued
sanctions, ensuring Iraq's ongoing opposition.

**end**

Follow URL for complete Alert.

E-mail Category: Alert
CERA Knowledge Area(s): Global Oil

CERA's Spring 2001 Roundtable event dates and agendas are now available
at http://www20.cera.com/event

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

To make changes to your cera.com profile go to:
http://www20.cera.com/client/updateaccount

Forgot your username and password? Go to:
http://www20.cera.com/client/forgot

This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
Terms of Use: http://www20.cera.com/tos
Questions/Comments: webmaster@cera.com
Copyright 2001. Cambridge Energy Research Associates


As you requested the following are my thoughts on the value of Williams' 17.5% GP interest in Northern Border.

Based on the acquisition of the Duke GP interest the value would be $14.5 million.  (We acquired the Duke 32.5% GP interest for $27 million in total consideration.)  This transaction was completed in December, 1998.  Our projections indicated a 17.4% return based on annual common unit distributions growing from  $2.40 per unit to $2.80 per unit by 2001 (we're currently at $3.05).  Also, this transaction arguably included a control premium since our vote at the MLP went to 82.5% (from 50%) and at NBPL went to 57.75% (from 35%).

Distributions to the GP have increased significantly since the Duke acquisition due to the GP promote.  Williams' GP interest receives the following annual distribution:

Common Unit 			GP Equivalent		Williams Annual
Distribution			Unit Distribution		Distribution*

 $2.40				$ 2.40			$  356,770
 $2.80				$ 5.71			$  848,814
 $3.05				$ 9.33			$1,386,942
 $3.30				$13.41			$1,993,450

*Williams' 17.5% interest represents 148,654 equivalent units.

Capitalizing the above annual distribution at NBP's current yield (7.95%) would result in values of $17.4 million (based on NBP distributions of $3.05/unit) and $25.1 million (based on $3.30/unit).  Capitalizing at the common unit yield could be significantly understating the value given the growth potential in the GP cash flow compared to the common unit, e.g. an increase in the common unit distribution of $ 0.25 per unit (8.2%) results in an increase in the GP distribution of $ 4.08 per equivalent unit (43.7%).  Offsetting this factor, however, would be the risk associated with these higher cash flow grow rates.  For example, a decrease in the common unit distribution would have a comparable negative impact to the above analysis.

Bottom line - I think the interest is worth at least $20 million and could probably support a DASH return above 15% at $25 million.

Let me know if you need any more information or analysis.


Daren:

On 1/25/2000 the above meter has recorded flow of 18 Mmbtus into HPL's
pipeline.  Currently, the volume is booked to HPL Strangers Gas Contract.
Logistics needs approval to write-off this volume to Unaccounted for Gas.
(Please print, sign, and return original to Clem Cernosek).

 ________________________________________________________________
 APPROVAL to Write-off the volumes to Unaccounted for Gas Loss

The above meter was a new meter effective 1/1/2000, and therefore, the volume
flowing into HPL was probably caused by putting the meter in service.

Thanks, Clem


Hi, Rick,

I am sorry to have forgotten to copy you on this e-mail I sent to Steve.
Besides, I have sent another article to Maureen this morning on the danger of
Californian crisis repeating in Spain (see attached here as well)

---------------------- Forwarded by Nailia Dindarova/LON/ECT on 31/05/2001
11:02 ---------------------------

Nailia Dindarova
28/05/2001 11:46
To: Steven J Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
cc:

Subject: EC documents on California crisis

Steve,

These documents would be useful in the preparation for your upcoming
presentation in Madrid.

The Eurelectric trip to the US (including their visit to Enron building in
Houston) has been rather fruitful - attched is the report Eurelectric
delegates put together upon their return from States and the slides from the
presentation they made in Brussels for the Commission and Members of the
European Parliament. Also attached is the memorandum from the European
Commission on the Californian crisis. The bottomline message is that
liberalisation process is not to be blamed for what happened in CA but rather
a set of very complex conditions. Also, the Commission tried to highlight
that a similar situation is highly unlikely to be reproduced in the European
Member States.

Nailia


I tend to think that Enron needs to re-position its message re:  RTOs.
From what I can tell, we have been a proponent of Transcos before FERC for
the most part during the RTO debate.  Only Detroit Edison's Transco
proposal comes close to our initial vision.  Given that what is most likely
is a bunch of not-for-profit ISOs being created in the East and West, why
not re-establish our position.  This meeting gives us an opportunity to
really set up this distinction and draw some "bottom lines".

Jim

To:   Steven J Kean/HOU/EES@ENRON
cc:   Charles Yeung/HOU/ECT@ENRON, James D Steffes/HOU/EES@EES@ENRON, Joe
      Hartsoe/Corp/Enron@Enron, Jeff Brown/HOU/EES@EES
Subject:  Re: EEI Conference Series on RTOs and Markets: Mark Your
      Calendars  (Document link: James D Steffes)

From what ESCA was telling us, I don't think that they typically would go
to these as speakers.   However, it may be something they would want to do
to promote their systems (hopefully that will be consistent with the Enron
model).

Since Scott Miller and Massey of FERC are on the agenda 9/28-29 , it may
make sense for Enron to make sure that Ed Cazulet of APX and the Cal PX
people on the agenda are promoting the "Enron" model.  Cal PX is coming in
next week.

Steven J Kean@ENRON
08/21/2000 07:33 AM

Sent by:  Steven J Kean@ENRON

To:   Christi L Nicolay/HOU/ECT, Charles Yeung/HOU/ECT, James D
      Steffes/HOU/EES@EES
cc:
Subject:  EEI Conference Series on RTOs and Markets: Mark Your Calendars

Should we (or ESCA) start looking for opportunities like this now to get
the word out?
---------------------- Forwarded by Steven J Kean/NA/Enron on 08/21/2000
07:30 AM ---------------------------

"Christina Forbes" <CFORBES@eei.org> on 08/18/2000 02:54:52 PM

To:   <Anthony.Duenner@enron.com>, <chris.gaffney@enron.com>,
      <dallegre@enron.com>, <ddorman@enron.com>, <dfossum@enron.com>,
      <eaafedt@enron.com>, <fbay@enron.com>, <fking@enron.com>,
      <jhartso@enron.com>, <JKeller@enron.com>, <jsteffe@enron.com>,
      <julia.murray@enron.com>, <Lhuber@enron.com>, <mary.hain@enron.com>,
      <meyer@enron.com>, <mpavlou@enron.com>, <rfrank@enron.com>,
      <scorman@enron.com>, <scovino@enron.com>, <skean@enron.com>,
      <snovose@enron.com>, <stweed@enron.com>
cc:

Subject:  EEI Conference Series on RTOs and Markets: Mark Your Calendars

EEI is pleased to announce a three-conference series addressing RTOs and
electricity market design.

*  RTOs and Market Design:  How to Get Electricity Markets to Work.
September 28 and 29, Hilton Washington Embassy Row.
Current draft agenda attached.  This conference features a star-studded
cast of speakers addressing market design issues from all around the
country,  Keynote by Commissioner William Massey.

*  RTOs:  The October Filings
November 2 and 3, Washington D.C. (hotel information to come).
Team leaders from each of the RTOs under development that must file in
October will present their RTO plans.  EEI will have summaries of all of
the major filings available.   This conference will give everyone a chance
to be on the same page as to what the RTO filings propose and to learn what
is being developed around the country.

*  RTOs:  The January Filings
February 8 and 9, Washington, D.C. (hotel information to come).
Team leaders from each of the approved ISOs that will file in January will
present their RTO plans.  EEI will have summaries of all of the major
filings available.  This conference will complete the initial tour of the
RTO plans, nationwide.

These three conferences will give you the information you need to
understand tomorrow's electric business and a chance to network with
leaders in the  industry.

For further information and conference registration materials, email Judy
Mastin, jmastin@eei.org.

We hope to see you there,

Christina C. Forbes
Director, Federal Commercial and Regulatory Policy
Edison Electric Institute
P 202 508 5104
F 202 508 5445
cforbes@eei.org

(See attached file: RTOMktDesAgenda.doc)

 - RTOMktDesAgenda.doc


Friday, 3pm will work for me.


Please find attached the current copy of the EnronOnline Weekly Public Report
and Key Messages, including slides and statistics for public consumption.
The information contained in the attachments can be communicated to audiences
outside the company and should be used to ensure that we present a consistent
message to the public. Please ensure that this email is distributed to anyone
in your group who needs to discuss EnronOnline with individuals outside the
company.

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


Pam:

As a follow up to our call today, please obtain a specific date that we can expect the TV monitor set-up.  It would be a shame to install cable and TV set-up and move in the next month.

Also note that I have not heard from Iain regarding options on the table top desk copier.  Please advise status and date of expected delivery.

Thank you for your assistance.


FYI
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
25/08/99 09:16 AM ---------------------------

D'Arcy Carroll
24/08/99 08:40 PM

To:   lotavio@elektro.com.br
cc:   baccaro@elektro.com.br, Don Black, Claudia Brun, Andrea Bertone, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Remi
Collonges/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bob Crane
Subject:  Champion - proposal

New and improved proposal.   Brent, will address your wire directly.

(See attached file: FAX Sheet - Champion, Sep -Nov proposal 3MW, Aug 24
'99.doc)

 - FAX Sheet - Champion, Sep -Nov proposal 3MW, Aug 24 '99.doc


Howdy,

Kansas City will be great.  Thanks for the invite but I can't go.  I pray
that the Nebr. Sooners show up,  not the Sooners of the last 3 weeks.  We
really look awful.  Early peak?

That's great news for spring break.  Let me talk to the boss and let her know
that is still and option and see if it still works.

Thanks,
Mike

Go Sooners.  Shame about Hipel, he has thrown away his Heisman over the last
couple of weeks.  Do you agree?

"Jonny Jones" <jjones@jonesenergy.com> on 11/27/2000 08:14:05 AM
To: <Mike.McConnell@enron.com>
cc:
Subject: RE: Spring break

Speaking of great to be back... we are heading to Kansas City on Saturday.
If O.U. plays in the National Title game we are going to try to go.  Any
interest? I can probably come up with some tickets.

Spring Break for us is also the 12th - 16th.  We have not made any other
plans.  Lets ski in Telluride.

Continental fly's direct from Houston to Montrose, but the flights book
pretty early.  I just checked and there are two flights per day and seats
are available. Let me know if you need help with your travel plans.  We will
go up on Friday the 9th and return on Sunday the 18th so whatever schedule
you can make is great.  We will have you picked up at the airport, no
problem.

Jonny

Content-Transfer-Encoding: 7bit
From: <Mike.McConnell@enron.com>
To: <jjones@jonesenergy.com>
Subject: Spring break
Date: Sun, 26 Nov 2000 20:16:15 -0600
Message-ID: <OF8ACFB814.389B51F2-ON862569A2.0064386B@enron.com>
MIME-Version: 1.0
Content-Type: text/plain; charset="Windows-1252"
X-Priority: 3 (Normal)
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook IMO, Build 9.0.2416 (9.0.2910.0)
X-MimeOLE: Produced By Microsoft MimeOLE V5.00.2615.200
X-MIMETrack: Serialize by Router on ENE-MTA01/Enron(Release 5.0.3 (Intl)|21
March 2000) at11/26/2000 08:11:30 PM
Importance: Normal

Pelt,

Howdy from Houston.  I hope you had a great Thanksgiving.  I took the week
off and it was what i needed.  I have been working at a hectic pace and was
on my annual sick rotation, although a little earlier than normal.  I
needed the break.  My international traveling is over for the year, thank
God.

Chris and i were talking about life and vacations and spring break came up.
I thought i would send you our information and see if our breaks
co-ordinated and to see if we still wanted to try and get together to go
skiing.  We didn't know if you made other plans or moved on since our last
discussion a while ago.  Our spring break is March 12-16th .

Please let give an update via email when you get a chance.  I figured that
you are in Telluride right now on holiday.

Give my love to all.

Mike

PS - How about those Sooners!  OU/TX wasn't a fluke. Hard to believe, we'll
see what will happen with K State and bowls.  No matter, its been a fun
year.  It is nice to be back.


Sarah, I have reviewed your presentation. It is a good summary of our
consensus prediction for the timing of future regulatory action respecting
the merger.

-----Original Message-----
From: Sarah.Novosel@enron.com [mailto:Sarah.Novosel@enron.com]
Sent: Tuesday, October 31, 2000 3:16 PM
To: J.Mark.Metts@enron.com; Mitchell.Taylor@enron.com;
Ann.Ballard@enron.com; Dwight.Larson@enron.com;
Richard.Shapiro@enron.com; Steven.J.Kean@enron.com;
Joe.Hartsoe@enron.com; Paul.Kaufman@enron.com; awenner@velaw.com;
sangle@velaw.com; sbehrend@llgm.com; jrutkowsk@llgm.com
Subject: Timelines on PGE Sale

Attached are our power point slides laying out the time line for FERC
action.  The estimated time frames for FERC action, even without a
settlement, are somewhat more positive than we discussed yesterday (e.g.,
FERC order on the merits after a technical conference by mid-February).
Also, the group is somewhat optimistic that the FERC order in November
could be an order on the merits, without additional proceedings such as a
technical conference or a hearing.  These optimistic time tables are based
on the assumption that Sierra will not take any action that will alienate
or annoy FERC, which could result in a slowdown in FERC's approval process.

Adam Wenner, Steve Angle, Sam Behrends, Joanne Rutkowski and I all
discussed the various time frames that are laid out in the slides, but they
have not seen the slides, so we would like to reserve the right to amend
the slides once everyone has a chance to review them.  Also, as we
discussed yesterday, we would like to be able to revise the slides, if
necessary, tomorrow once we get FERC's agenda for its November 8 meeting
and we see what action FERC takes in the California investigation on price
spikes this past summer.

Please let me know if you have any questions or comments.

Sarah

(See attached file: Timeline for Federal Regulatory Approvals of PGE
Sale.ppt)
++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


Dear Mentors:

The Houston Technology Center would like to invite you to attend the Mentor
Network Breakfast during which we will introduce a selection of our newest
companies. After the introductions, the Mentors and the companies will be
allowed time to network and to find appropriate "mentor connections."

The Mentor breakfast has been rescheduled and will be held on Tuesday,
September 25, 2001, at the Briar Club, 2603 Timmons from 7:00 a.m. - 9:00
a.m.  The cost of the event is $15, no cash will be accepted at the door.

Please register online at:
Http://www.houstontech.org/calendar/caldetail.asp?ID=149&DATE=9/25/2001

AGENDA

7:00-7:30		Registration
7:30-8:30		Breakfast/Introduction to Candidate Companies
8:30-9:00		Wrap-up/Networking

I look forward to a great turnout!

Sincerely,

Massimo Marolo
Development Manager
Enron Loaned Executive
Houston Technology Center
(713) 658-1750
mmarolo@houstontech.org


---------------------- Forwarded by Steven J Kean/NA/Enron on 05/16/2001
02:09 AM ---------------------------

"Joseph S. Fichera" <jfichera@saberpartners.com> on 05/14/2001 08:43:25 PM
To: SKEAN@ENRON.COM
cc:

Subject: GENERATOR ORGANIZATION

Good meeting you.  Sorry not to get this to you sooner.  See below.

Please use two e-mail addresses:

jfichera@saberpartners.com (NY)

joseph.fichera@gov.ca.gov (Sacramento)

PHONE NUMBERS BELOW...

joe
______________________________________________________________
Corporate Contact Information

Joseph S. Fichera
Senior Managing Director & CEO
Saber Partners, LLC
44 Wall Street, 12th Floor
New York, NY  10005

TEL: 212-461-2370
FAX: 212-461-2371

Web Site: http://www.saberpartners.com


February 2002		Scheduled

Friday 16
West			 (1066)
San Juan	                862
East			   (316)

Saturday 17
West			 (1065)
San Juan		    867
East			   (317)

Sunday 18
West			  (1076)
San Juan		     877
East			    (321)

Monday 19
West			  (1075)
San Juan		     879
East			   (326)

Notes:  Quite weekend.
            TW will be hosting the annual San Juan outage coordination meeting with Williams Field Services, El Paso,
            Burlington, Northwest and PNM on March 6 and 7 in Houston.
            Will send out Park and Ride and Line-pack fuel sales revenue for February later this week.


Start Date: 12/11/01; HourAhead hour: 18;  HourAhead schedule download failed. Manual intervention required.


How is tommorow for sushi?

Chris


Bo,  Attached is the draft of the gas agreement for the StageCoach
transaction.  There are still a few blanks for which Andrew is getting the
information.  Please review and let me know if you have any questions.

Also to follow up on our discussion from earlier concerning who would
actually contracts with the PPL for the Utility Agreement;  we had earlier
discussed Tennessee Gas Pipeline contracting with the Utility with EES acting
as their agent for interaction with the Utility.  However, I think it should
be EES who contracts with the Utility to receive electric service.  TGP has
contracted with ECS for Compression Services and ECS has contracted with EES
for power.  TGP has no need for a power deal.  Let me know what you think
about this.

It is my understanding that EES is working on a revised draft of the TA for
the Power Contract.  Let me know if this is not correct.  Thanks.


Jeff--I have another matter slotted in at 11.  Any way we can do this at
noon?  Perhaps we can carve out a bit of time between 10:30 and 11?

From: Jeff Dasovich@ENRON on 12/21/2000 07:14 PM
Sent by: Jeff Dasovich@ENRON
To: Mike D Smith/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, MDay@GMSSR.com, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron
cc:
Subject: Meeting to Discuss Legal Issues

Mike (Smith):
Since things will move pretty quickly from this point forward, we want to
have a quick meeting to explore our legal options and how best to preserve
them.  We'd like to have a kickoff call after the daily 10 AM (CST ) call
that Wanda Curry handles.  Are you available after Wanda's call?  Say 11 AM
CST?  Thanks.

Best,
Jeff


CONGRATULATIONS !

I just found out that you were extended an offer by the Big E.  I can't tell
you how happy I am that I didn't have to question the intelligence of my
company.  Hope you had a good birthday and I'll see you at the A&M game.


FYI

John J Stauffacher
08/30/2000 02:22 PM

To:   Ed Hermann/NGCCorp@NGCCorp, Joseph Paul/NGCCorp@NGCCorp
cc:

Subject:  Utilities await Nev. Gov.'s okay to begin choice, Quinn to decide by
      end-September

FYI
Aug 30, 2000:
Copyright ? The McGraw-Hill Companies, 2000

 Electricity competition in Nevada may be delayed beyond the November
 start date mandated by a July settlement agreement between the
 state utilities, the Public Utilities Commission and major end-users.
 Although definitive between the parties, the agreement remains
 subject to the approval of Gov. Kenny Guinn, who has not designated
 when competition will begin.

 According to his press spokesman, Guin will decide when to start
 competition no later than the end of September, and that decision
 will be heavily based on a review of the industry he recently
 requested of the PUC. Quinn suspended competition in March when
 it became clear the industry's computer infrastructure could
 not support a robust competitive market.

 If Quinn declines to open the market according to the July settlement,
 the issue will likely roll over to the 2001 legislature, where
 efforts to delay competition even longer will likely be made.

 Sierra Pacific Resources said it is largely ready for competition
 to begin, although a functional ISO is not formed. Instead, the
 utility, which is the holding company for both Nevada Power Co.
 and its sister company Sierra Pacific Power, will use a "glass
 house system." Under that system the utilities will bring in
 outside consultants to monitor the operation of the transmission
 system for fairness and other factors.


Can you give me an update on the new book for john , he wants to place trades into this book asap

Dutch


Elliot and Richard:

Instead of using a call in number, we will conference both of you in today's call by calling your desks at 3pm.

Jennifer


Ben:

The attached fil econtains a Cinergy Indemnity Letter, which I've prepared at
the request of Stuart Zisman.

PLease give Stuart a call if you have any questions (ext. 3-7493).

Take care,

Ed Hearn

(Select  your Lotus Notes LAUNCH feature to open the file with correct
formatting.)


-----Original Message-----
From: 	John Garibaldi <JGaribaldi@HanoverCo.com>@ENRON
Sent:	Monday, October 15, 2001 8:29 PM
To:	'gage@bkollp.com'; 'dangaribaldi@yahoo.com'; 'mikeg2929@aol.com'; Sanders, Richard B.
Subject:	Taliban TV

Taliban TV
>
>
> MONDAYS:
> 8:00 - "Husseinfeld"
> 8:30 - "Mad About Everything"
> 9:00 - "Suddenly Sanctions"
> 9:30 - "The Brian Benben Bin Laden Show"
> 10:00 - "Allah McBeal"
>
> TUESDAYS:
> 8:00 - "Wheel of Terror and Fortune"
> 8:30 - "The Price is Right If Usama Says Its Right"
> 9:00 - "Children Are Forbidden From
>            Saying The Darndest Things"
> 9:30 - "Afganistans Wackiest Public
>           Execution Bloopers"
> 10:00 - "Buffy The Yankee Imperialist Dog Slayer"
>
> WEDNESDAYS:
> 8:00 - "U.S. Military Secrets Revealed"
> 8:30 - "When Northern Alliance Attack"
> 9:00 - "Two Guys, a Girl, and a Pita Bread"
> 9:30 - "Just Shoot Everyone"
> 10:00 - "Veilwatch"
>
> THURSDAYS:
> 8:30 - "M*U*S*T*A*S*H"
> 9:00 - "Veronicas Closet Full of Long,
>           Black, Shapeless Dresses and Veils"
> 9:30 - "My Two Baghdads"
> 10:00 - "Diagnosis: Heresy"
>
> FRIDAYS:
> 8:00 - "Judge Laden"
> 8:30 - "Funniest Super 8 Home Movies"
> 9:00 - "Captured Northern Alliance
>            Rebels Say the Darndest Things"
> 9:30 - "Achmeds Creek"
> 10:00 - "No eye-witness News"
> 11:00 - Beavis and Raghead"
> 12:00 - This Old Tent" with Bob Villain
>
>
>


FYI...update on the turbines - the GE 7EA is available March, 2001

Chris


Start Date: 4/28/01; HourAhead hour: 13;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042813.txt


simonize (SY-muh-nyz) verb tr.

   To shine or polish to a high sheen, especially with wax.

[After Simoniz, a trademark.]

   "As they polish the block and simonize the table, the block will go
   progressively farther ...."
   Leon Lederman, Blackboard bungle, The Sciences, Jan 2, 1995.

This week's theme: brand names that have entered the dictionary.

.............................................................................
Brain: an apparatus with which we think we think. -Ambrose Bierce (1842-1914)
[The Devil's Dictionary]

What to give to the person who has everything? Give the gift of words.
Here is a gift that keeps on giving. To enter a gift subscription of
A.Word.A.Day, please visit http://wordsmith.org/awad/gift.html
To subscribe yourself, use http://wordsmith.org/awad/subscribe.html

Pronunciation:
http://wordsmith.org/words/simonize.wav
http://wordsmith.org/words/simonize.ram


Unbelievable - great job!

Elizabeth Sager
713-853-6349

 -----Original Message-----
From: 	Hall, Steve C.
Sent:	Thursday, August 02, 2001 1:17 PM
To:	Sager, Elizabeth
Subject:	FW: UNSCHEDULED DEMAND PENALTY

Elizabeth,

Greetings.  I hope you enjoyed your vacation.

In the midst of all of the bad news from California, I thought I would pass on some good news.  You may recall that a while back I encouraged Gov't & Regulatory affairs to withdraw a complaint they had filed with FERC to suspend the ISO's underscheduling penalty.  I asked them to withdraw it because the CAISO Tariff said that the ISO would pay the penalty to Scheduling Coordinators that correctly scheduled load and did not incur the penalty (read Enron).  To make a long story short, Enron withdrew its complaint and FERC ordered that the ISO continue to impose the penalty for the time being.

We just received word today that the ISO is crediting us with approximately $30 million in underscheduling payments.  Although with the defaults we may not get full payment, perhaps we can use this as a bargaining chip/offset with California if we have to make refund payments to the ISO.

Steve

 -----Original Message-----
From: 	Hall, Steve C.
Sent:	Thursday, August 02, 2001 9:26 AM
To:	Stokley, Chris; Comnes, Alan
Cc:	O'Neil, Murray P.; Yoder, Christian; Belden, Tim
Subject:	RE: UNSCEDULED DEMAND PENALTY

$30 million bucks!!!  I would have hoped for 10 times this amount, but it's still 30 million bucks.  Legal and Settlements should get origination credit for this.  Let me know when the ISO's check clears.---Steve

 -----Original Message-----
From: 	Stokley, Chris
Sent:	Thursday, August 02, 2001 9:03 AM
To:	Hall, Steve C.; Comnes, Alan
Cc:	O'Neil, Murray P.
Subject:	UNSCEDULED DEMAND PENALTY

This is based on the settlement statements that the ISO sent me.

 << File: OVERVIEW.xls >>


November 1, 2000
>
>
>
>Chairman James Hoecker
>Federal Energy Regulatory Commission
>888 First Street, N.E.
>Washington, DC 20426
>
>Dear Chairman Hoecker:
>
>I want to compliment you and your fellow Commissioners and staff on
>the substance of your initial proposed order concerning the California
>market.  I am writing to share my initial reaction and expect to
>provide more detailed comments in the near future.
>
>While the proposed order is not as clear and unambiguous as I would
>like it to be, your call for sweeping changes in the FERC-approved
>tariffs which were filed in December of 1995 is an important
>contribution to at least partially mitigating the exercise of market
>power as well as helping to establish the legal basis for what will
>surely prove to be a vigorous court fight.
>
>Your unambiguous declaration that the rates being charged in the
>wholesale market are, and have been, "unjust and unreasonable", would
>have restored credibility to the wholesale market. But your action is
>more than adequate for the California Public Utilities Commission to
>deny the applicability of the filed rate doctrine to the wholesale
>prices produced by a FERC-approved tariff, which FERC has now ruled
>failed to produce "just and reasonable" rates.
>
>For California consumers, it means that there is now a legal
>justification for these unjust wholesale costs to not be passed on to
>the retail ratepayers.  In turn, the State and consumers should
>support utilities in litigating for relief against those parties who
>profited from "unjust and unreasonable" wholesale rates which, of
>course, will likely require action against FERC itself.
>
>As I have indicated in prior correspondence, we disagree with your
>counsel's opinion that you are constrained from acting retroactively.
>If the tariffs produced "unjust and unreasonable rates" and were,
>therefore, illegal in October, they were similarly illegal in prior
>months in which the effect of market power was even more evident.
>
>However, we appreciate both your stated desire to act retroactively
>and your request to Congress to clarify this authority. While we would
>certainly prefer that Congress act on your request, we are also
>confident that the Federal Court will confirm our legal analysis.  In
>the interim, your invitation to California to suggest equitable
>remedies for earlier periods, is most welcome.  As a threshold matter,
>a statement by you of your intention to host a settlement conference
>in San Diego would be most useful in moving such a remedy forward.
>
>I support your present proposals to restructure the previously
>FERC-approved tariffs to address the ability of parties to exercise
>market power as far as they go.  However, I do have concerns that
>enhancing the ability of California utilities to make forward
>purchases will not mitigate market power.  Since forward contracts
>will be based upon sellers expectations regarding real- time markets
>and since real-time market prices will still be distorted by the
>exercise of market power, forward contract prices will themselves be
>distorted.
>
>Finally, I will take particular satisfaction in the conversion of the
>discredited ISO and PX stakeholder boards into non-stakeholder boards.
> I do question, however, the wisdom of allowing these dysfunctional
>boards to have a last hurrah and choose their non-stakeholder
>successors.
>
>Mr. Chairman and Commissioners, these are difficult and complex issues
>subject to the push and pull of gigantic economic interests. There
>will be much regulatory work as well as litigation to follow.
>However, your action -- coupled with appropriate action by the
>California PUC -- will help assure that, as these gigantic interests
>fight over economic theory and their balance sheets,  consumers will
>not foot the bill.
>
>Thank you.
>
>
>Sincerely,
>
>
>Steve Peace
>
>Cc:   Commissioner Linda K. Breathitt
>   Commissioner Curt Hebert Jr.
>   Commissioner William L. Massey


(See attached file: HPLN0301.xls)

 - HPLN0301.xls


THANKS ANDY.

BETH

-----Original Message-----
From: Zipper, Andy [mailto:Andy.Zipper@enron.com]
Sent: Saturday, June 02, 2001 9:31 AM
To: beth@angelflightsc.org
Subject: RE: completed mission sheet ???

700 NM, 4 hrs total


aga just came out

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Wednesday, November 21, 2001 1:02 PM
To:	Maggi, Mike
Subject:

what are you doing?


Attached is the latest draft of the Portland Doorstep review.  The only open item is observation # 5 concerning the I/T system build for a scheduling system and the fact that the server would reside in Houston (and thus, potential exposure if link between Houston and Portland fails).  Tim Belden requested that I put your names as owners.  Therefore, I need for you all to give me a target date and we can revise or discuss the Action Step if you want.  I would like to turn in the final draft tomorrow if possible.
Thanks,
Michelle


As you all are probably aware, we trade physical and financial products with
Northern Illinois Gas Company under each of the following names:

1  Northern Illinois Gas Company (the legal incorporated entity)
2.  Nicor Gas Company (an assumed name for Northern Illinois Gas Company as
reflected in the Assumed Name Certificate dated 12/15/99 filed with the
Secretary of State of Illinois.  The name needs to match the Assumed Name
Certificate, no "Co.")
3.  Northern Illinois Gas Company d/b/a Nicor Gas Company

The EnronOnline counterparty has been set up as "Nicor Gas Company".

Pursuant to Bob Bruce's conversation with our Illinois outside counsel, we
are comfortable transacting business in the State of Illinois under the
assumed name "Nicor Gas Company".  In connection therewith, it is OK to set
up the online entity as "Nicor Gas Company", and attach the relevant physical
or financial products to the relevant master under each of the above
counterparty names.  Further, it will be OK if the confirmations go out as
"Nicor Gas Company" even though the masters may be under one of the above
names.

PLEASE NOTE, HOWEVER, this should be considered an exception to the rule.  We
do not want counterparties to be set up under assumed names, d/b/a's or
divisions for EnronOnline.  As previously agreed with the Online team, every
attempt should be made to incorporate the legal name as part of the
counterparty name (such as "Northern Illinois Gas Company d/b/a Nicor Gas
Company" or "Koch Industries, Inc. acting through its Koch Hydrocarbon
Company Division").   Any exceptions to this should be run by Legal for
approval.


my im is sandra brawner


Sara, I noticed in reviewing the documents today that you had named the trust
as Bow Valley Trust in the ECC - Trust confirm in both the lead-in and the
signing line.  I think the name of the trust is Bow River Trust not Bow
Valley Trust.  Hopefully, the bank's comments are of a similar scope and
nature.

Cheers

Greg