---------------------- Forwarded by Judy Hernandez/HOU/ECT on 01/20/2000
02:45 PM ---------------------------

	From:  Elizabeth Soto                           01/19/2000 11:01 AM

To: Melissa Rodriguez/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Judy
Hernandez/HOU/ECT@ECT, Alicia Perkins/HOU/ECT@ECT, Ana Correa/HOU/ECT@ECT,
Bernice Rodriguez/HOU/ECT@ECT, Irena D Hogan/HOU/ECT@ECT
cc:
Subject: Fwd: [Fwd: Fwd: Prayer Request]

---------------------- Forwarded by Elizabeth Soto/HOU/ECT on 01/19/2000
11:00 AM ---------------------------

Chantelle Villanueva
01/18/2000 03:34 PM
To: cassandra.hernandez@mwk.com, Irena D Hogan/HOU/ECT@ECT, Kim
Perez/FGT/Enron@ENRON, Heather Choate/HOU/ECT, Alex Saldana/HOU/ECT@ECT,
Elizabeth Soto/HOU/ECT@ECT, Alisha Guerrero/HOU/ECT@ECT
cc:
Subject: Fwd: [Fwd: Fwd: Prayer Request]

---------------------- Forwarded by Chantelle Villanueva/HOU/ECT on
01/18/2000 03:34 PM ---------------------------

	From:  Andrea R Guillen                           01/18/2000 02:51 PM

Sent by: Andrea R Guillen
To: Maria Sandoval/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT, Elizabeth
Soto/HOU/ECT@ECT, Pamela Sonnier/HOU/ECT@ECT, Phenicia Olivier/HOU/ECT@ECT,
Cecilia Olvera/HOU/ECT@ECT, Chantelle Villanueva/HOU/ECT@ECT, Rosa
Jaramillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, iguillen@aglife.com,
lgarza@jcpenney.com, Cassandra S Dutton/HOU/ECT@ECT
cc:
Subject: Fwd: [Fwd: Fwd: Prayer Request]

---------------------- Forwarded by Andrea R Guillen/HOU/ECT on 01/18/2000
02:49 PM ---------------------------

Pamela Sonnier
01/18/2000 02:46 PM
To: Maria Sandoval/HOU/ECT@ECT, Phenicia Olivier/HOU/ECT@ECT, Cassandra S
Dutton/HOU/ECT@ECT, Brenda Barreda/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Andrea R Guillen/HOU/ECT@ECT, Jessie Patterson/HOU/ECT@ECT, Regina
Perkins/HOU/ECT@ECT, Dana Davis/HOU/ECT@ECT
cc:
Subject: Fwd: [Fwd: Fwd: Prayer Request]

---------------------- Forwarded by Pamela Sonnier/HOU/ECT on 01/18/2000
02:46 PM ---------------------------

	From:  Jessie Patterson                           01/18/2000 12:42 PM

To: JCaradine@Hytrol.com, Pamela Conner/HOU/ECT@ECT, Cassandra S
Dutton/HOU/ECT@ECT, kjolivet@bmheagleton.com, Miner.LC@epamail.epa.gov,
zlong@Spelman.edu, slong@hom.org
cc:
Subject: Fwd: [Fwd: Fwd: Prayer Request]

---------------------- Forwarded by Jessie Patterson/HOU/ECT on 01/18/2000
12:41 PM ---------------------------

goldenhawk@webtv.net (Willie Patterson) on 01/15/2000 11:56:57 PM
To: BurnisBrazil@email.msn.com, bmowen2@i2k.com, cvaught@gfs.com,
c-ousley@email.msn.com, langenbach@voyager.net, Irma@dsa.admin.unt.edu,
Jessie Patterson/HOU/ECT@ECT, LadyCap2@webtv.net, othomas@wt.net,
maurice@pionet.net, pam.coleman@familychristian.com, maierson@bellsouth.net,
SGou929788@aol.com, w8aju@mciworld.com, walthite@email.msn.com,
WThomas40@aol.com, z_pattersowl@TITAN.SFASU.EDU
cc:
Subject: Fwd: [Fwd: Fwd: Prayer Request]

Received: from mailsorter-102-5.bryant.webtv.net (209.240.198.31) by
storefull-277.iap.bryant.webtv.net with WTV-SMTP; Sat, 15 Jan 2000 20:24:53
-0800 (PST)
Received: by mailsorter-102-5.bryant.webtv.net (WebTV_Postfix) id 61DCA68;
Sat, 15 Jan 2000 20:24:53 -0800 (PST)
Delivered-To: goldenhawk@webtv.net
Received: from imo20.mx.aol.com (imo20.mx.aol.com [152.163.225.10]) by
mailsorter-102-5.bryant.webtv.net (WebTV_Postfix) with ESMTP id C3D9A50 for
<goldenhawk@webtv.net>; Sat, 15 Jan 2000 20:24:52 -0800 (PST)
Received: from WThomas40@aol.com by imo20.mx.aol.com (mail_out_v24.6.) id
x.51.33874d (4229); Sat, 15 Jan 2000 23:23:38 -0500 (EST)
From: WThomas40@aol.com
Message-ID: <51.33874d.25b2a1c9@aol.com>
Date: Sat, 15 Jan 2000 23:23:37 EST
Subject: Fwd: [Fwd: Fwd: Prayer Request]
To: AllenA@kochind.com, Allen@webtv.net, Anthony@aol.com, RBaynham@aol.com,
Sbreathe@sedgwick.gov, RBrown5175@aol.com, revcarter@ven-tech.com,
revcarter@ven-tech.com (Tony Carter) (Tony Carter), GDDS98@aol.com,
gerriann@swbell.net (Gerri Ann Jenkins), goldenhawk@webtv.net (Willie
Patterson)
MIME-Version: 1.0
Content-Type: multipart/mixed; boundary="part1_51.33874d.25b2a1c9_boundary"
X-Mailer: Windows AOL sub 20

Return-Path: <radger@kumc.edu>
Received: from  rly-yb05.mx.aol.com (rly-yb05.mail.aol.com [172.18.146.5]) by
air-yb05.mail.aol.com (v67.7) with ESMTP; Sat, 15 Jan 2000 10:40:54 -0500
Received: from  kumc-scanout-fs.KUMC (kumc-scanout-fs.kumc.edu
[169.147.166.198]) by rly-yb05.mx.aol.com (v67.7) with ESMTP; Sat, 15 Jan
2000 10:40:41 1900
Received: FROM gatedo.kumc.edu BY kumc-scanout-fs.KUMC ; Sat Jan 15 09:40:26
2000 -0600
Received: from KUMC-GATEWAY-DOMAIN-Message_Server by gatedo.kumc.edu with
Novell_GroupWise;  of, 15 ssa 2000 09:40:38 -0600
Message-Id: <s8804096.087@gatedo.kumc.edu>
X-Mailer: Novell GroupWise Internet Agent 5.5.2.1
Date:  of, 15 ssa 2000 09:40:34 -0600
From: "Roy Adger" <radger@kumc.edu>
To: <Artholland@aol.com>, <rla2330@aol.com>, <wthomas40@aol.com>,
<lucy.j.adger@boeing.com>, <greeneyes_me@hotmail.com>,        "Eric Garrett"
<rrtt.net.acninc@kumc.edu>, <b_rnard@yahoo.com>,
<lil_bear_26@yahoo.com>
Subject: Fwd: [Fwd: Fwd: Prayer Request]
Mime-Version: 1.0
Content-Type: text/plain; charset=US-ASCII
Content-Transfer-Encoding: quoted-printable
Content-Disposition: inline

Subject: Fwd: Prayer Request

   When you receive this e-mail just recite the following prayer.
That's all you have to do.  There is nothing attached.  This is the power of
prayer at work.  Just send this to (7) people and see what happens on the
seventh day.

      Do not break this, please.  There is no cost, but lots of rewards.
Let's continue to pray for one another.

      PRAYER::
      May today there be peace within you.  May you trust God that you are
exactly where you are meant to be.  May you not forget the infinite
possibilities that are born of faith.  May you use those gifts that you have
received, and pass on the love that has been given to you.  May you be
content knowing that you are a child of God.  Let His presence settle into
your bones, and allow your soul the freedom to sing, dance, and to bask in
the sun.  It is there for each and every one of you

Amen

Send this to (7) or more people and witness the awesome power of prayer.


Our first game of the new season will be Monday night.  I do not have the
time yet, but will let you know.  Please let me know if you are still
interested in playing and whether you will be available Monday or not.

Thanks,

Eric


Each of the parties to this Agreement recognizes and acknowledges that the parties are acting and agreeing to perform their obligations hereunder in reliance upon (i) the timely execution and delivery by [legal name of other counterparty] ("Third Party") and Party A of a transaction in substantially the form attached hereto as Exhibit A ("Third Party Transaction A") and would not otherwise agree to execute, deliver and perform under this Agreement if Third Party and Party A were not contemporaneously executing and delivering Third Party Transaction A and (ii) the timely execution and delivery by Third Party and Party B of a transaction in substantially the form attached hereto as Exhibit B ("Third party Transaction B") and would not otherwise agree to execute, deliver and perform under this Agreement if Third Party and Party B were not contemporaneously executing and delivering Third party Transaction B.  The effectiveness of this Agreement shall be subject to the condition that contemporaneously with the execution and delivery of this Agreement Party A and Third Party execute and deliver Third Party Transaction A and Party B and Third Party execute and deliver Third Party Transaction B.


---------------------- Forwarded by Chris Germany/HOU/ECT on 03/07/2000 10:56
AM ---------------------------

"Immer, Ingrid" <Ingrid.Immer@Williams.com> on 03/06/2000 03:41:57 PM
To: "'Chris Germany'" <Chris.Germany@enron.com>
cc:
Subject: RE: Demand Charges

Hey Chris, IT will fix the invoicing problem tomorrow.  I'm not sure how the
fix will work - if there will be a PPA created, or what.  I'll give you an
update tomorrow afternoon b/c I'll be out of the ofc in the a.m.  Thanks.
ii

> -----Original Message-----
> From: Chris Germany [SMTP:Chris.Germany@enron.com]
> Sent: Monday, March 06, 2000 8:39 AM
> To: ingrid.immer@williams.com
> Subject: Demand Charges
>
>
>
> Here are a couple of demand charges I don't understand.  AGL released CES
> some
> ESR (offer #18307) and WSR (offer #18210).  The demand portion of these
> contracts being billed on k#1.3473.  What's up.
>


This is the most exciting no download casino on the web!
http://212.107.196.183/members/win/index.html

The casino features:
24 Exciting Never Before Seen Games!
Instant Play - No downloads!
Better odds than Las Vegas!
Play live against other players
$50 Bonus on your first deposit!
Fast Payouts of Winnings!

Come and play our 24 exciting multi player casino
games in a secure environment. Try the games out
for free or play for real money and win big!
http://212.107.196.183/members/win/index.html

To be removed from our future mailings, please click
below and leave your e-mail address. We honor all
remove requests.
http://212.107.196.183/members/win/remove.htm


I would like to set up a brief meeting in the afternoon this week or next, to discuss increasing the liquidity in west basis on EOL.  It would be helpful for our desk to sit down with John Arnold and John Lavorato to openly discuss the importance of continuing to increase liquidity on EOL.

I would also like to put to rest the notion that increasing liquidity leads to negative P&L and that a Trader's support of EOL liquidity will go unrecognized at year end PRC.

Please email me with a response of when we could set up such a meeting.

Sincerely,
Mike Grigsby


Regarding the gty you inquired about.  I have not been successful in my search for same.  Nevertheless Enron Corp. is acting as guarantor for ECT only.  Enron Canada is not covered under this gty.  Please let me know if I can be of further assistance.

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


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/2000
04:44 PM ---------------------------

"Btu" <subs@btu.net> on 12/22/2000 03:40:27 PM
To: "Btu Weekly" <>
cc:
Subject: Btu Weekly

Attached is the latest issue of Btu Weekly.

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wg122500.pdf


FYI....

 -----Original Message-----
From: 	Liliana.Chiu@ubsw.com@ENRON
Sent:	Friday, February 01, 2002 4:38 PM
To:	Valdez, Christina
Cc:	Lisa.Haughton@ubsw.com
Subject:	Dial in number for daily calls

     Christina,

     Hello-
     I've asked Lisa Haughton to setup a dial in number for these daily
     calls since it might be easier - starting with Tues Feb. 5.

     Lisa will e-mail you with the details.

     thanks
     Liliana

______________________________ Reply Separator _________________________________
Subject: Meeting "Time" Changed - Monday, Feb. 4 - Daily Review of
Author:  Christina.Valdez (Christina.Valdez@ENRON.com) at unix,mime
Date:    2/1/02 12:51 PM

Sally has a Dr.'s Appt. on Monday, Feb. 4, therefore she has asked that I move t
he meeting time (Mon. Feb. 4 only) to review the task list from 9:00am to "11:00
 am CST".  For those of you outside the office, please let me know if you would
like for me to conference you in by phone.

Unless you are scheduled to be on vacation, please make every effort to attend t
hese meetings daily so we can assure all tasks are updated.

Thank you,

Christina Valdez Epperson
Assistant to Sally Beck
Enron Net Works LLC
Phone - 713.853-9106
Fax     - 713.345.8100
christina.valdez@enron.com

**********************************************************************
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 r
ecipient (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.messa
ging.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 C
orp. (or any of its affiliates) and the intended recipient or any other party, a
nd may not be relied on by anyone as the basis of a contract by estoppel or othe
rwise. Thank you.
**********************************************************************

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

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

E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
arrive late or incomplete, or contain viruses.  The sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e-mail transmission.  If
verification is required please request a hard-copy version.  This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.


I forgot one person when we spoke on friday.

Scotty gilbert
Eugene lee
Donna sheidun
Heather dunton
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


We have now received a new Password Application  and ETA amendment for the referenced counterparty.  As of the close of business today, we have shut down Bankers Trust Company for EOL trading.  All EOL trading should now be done through the referenced entity.  Enron has executed a Novation Agreement which is currently at Deutsche Bank for execution.  Per DB, we should receive the executed copy back from them on Monday.  Upon receipt of this Novation Agreement, all of the current Bankers Trust financial trades will be moved under the existing ISDA Master Agreement between Deutsche Bank AG and Enron North America Inc. dated  12/29/00.

Global Counterparty:  Please ensure that the ISDA Master referenced above is attached to this counterparty in EOL.

Confirmation Desk:  Please ensure that all EOL financial confirmations show this counterparty as "Deutsche Bank AG, acting through its New York Branch"

MUCH THANKS!!!


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 08/29/00 08:07 AM -----

	"Cassandra Davis" <DAVICA@andrews-kurth.com>
	08/24/00 11:33 PM

		 To: <alan.quaintance@enron.com>, <brenda.l.funk@enron.com>,
<Carol.St.Clair@enron.com>, <charles.delacey@enron.com>,
<Clement.abrams@enron.com>, <David.roland@enron.com>,
<Gina.Karathanos@enron.com>, <Joel.ephross@enron.com>,
<tina.livingston@enron.com>, <Trevor.Randolph@enron.com>,
<trushar.patel@enron.com>, <mniebruegge@mayerbrown.com>,
<tellwood@mayerbrown.com>, <eawilburn@prickett.com>, <Tamullen@prickett.com>,
<kenton@rlf.com>, <mercedes.arango@us.cibc.com>, <schottla@us.cibc.com>,
<wolfmark@us.cibc.com>, <aroberts@wilmingtontrust.com>
		 cc: "David Barbour" <BARBD@andrews-kurth.com>, "CHRIS KRECEK"
<KRECC@andrews-kurth.com>, "DEBORAH LOWE" <LOWED@andrews-kurth.com>, "MURIEL
McFARLING" <MCFAM@andrews-kurth.com>, "SCOTT OLSON"
<OLSOS@andrews-kurth.com>, "Mary Rembert" <REMBM@andrews-kurth.com>
		 Subject: Project Tahiti Transaction Documents

Attached please find the following transaction documents for Project Tahiti:

1.   Tahiti Series Trust Agreement (254424)
2.   Beneficial Interest Certificate Issued to Enron Corp. (254806)
3.   Series Supplement Creating Series Z (254816)
4.   Tahiti Series Z Certificate issued to Fiji Z, L.L.C. (254975)
5.    Warrant Assignment (254974)
6.     Promissory Note from Tahiti Series Trust to EES (254802)
7.     Direction Letter to Owner Trustee of Tahiti Series Trust (254976)
8.     Amended and Restated Limited Liability Agreement of Fiji Z, L.L.C.
        (254423)
9.     Promissory Note from Fiji Z, L.L.C. to Tahiti Series Trust (254977)
10.   Amended Restated Limited Liability Agreement Bora Bora Z, L.L.C.
        (254978)
11.   Promissory Note from Bora Bora Z, L.L.C. to Fiji Z, L.L.C. (254979)
12.   Independent Auctioneer Letter Agreement
13.   B Interest Assignment Agreement (254982)
14.   Promissory Note from Bali Trust to Bora Bora Z, L.L.C. (254981)
15.   Beneficial Interest Certificate to Certificate Holder of Bali Trust
(254983)
16.   Direction Letter to Owner Trustee of Bali Trust (254980)

Also attached please find a Project Tahiti Structure Diagram.

The attached documents are in Word Perfect and are marked against the
corresponding document from the Hawaii 125-0, McGarett Series B Transaction.
A subsequent e-mail with the above listed documents attached in Microsoft
Word will follow.

Please note that although the Tahiti Series Trust Agreement is marked against
the Hawaii 125-0 Trust Agreement, it is a new trust and will hold the
Warrants.

The Sale and Auction Agreement, the Bali Trust Agreement (which will hold the
Fiji Z Class B Member Interest) and an assignment document for the assignment
of the Bali Note from Bora Bora Z, L.L.C. to Fiji Z, L.L.C. will be
distributed on Friday, the 25th.

Please fax comments to David Barbour and Muriel McFarling at 214-659-4401 by
Monday, August 28th.

If you have any questions, please call David Barbour at 214-659-4444.

 - b255097.wpd
 - b254423.wpd
 - b254424.wpd
 - b254802.wpd
 - b254806.wpd
 - b254816.wpd
 - b254974.wpd
 - b254975.wpd
 - b254976.wpd
 - b254977.wpd
 - b254978.wpd
 - b254979.wpd
 - b254980.wpd
 - b254981.wpd
 - b254982.wpd
 - b254983.wpd
 - 255095 Structure.wpd


This is what we've got so far.  Due to our agency activity on Lone Star, I do not want to contact them yet.  But, I have a copy of a contract they sent me a couple of months ago we can use.

D

 -----Original Message-----
From: 	Superty, Robert
Sent:	Friday, January 04, 2002 9:26 AM
To:	Kinsey, Lisa; Sullivan, Patti; Gay, Randall L.; Lamadrid, Victor; Farmer, Daren J.; Jaquet, Tammy; Calcagno, Suzanne
Subject:	Contract status needed

On Monday we have to file a "transition plan" with Louise Kitchen for NETCO. She wants details. On that note I need a status report from each desk on our effort to start the contract process for pipes, TPA's & EBB's so I can include that in the report. I have received some emails however I would like each manager to put together a summary in an Excel spreadsheet that we can have Suzanne consolidate with the stuff she already put together. Please cover the key items listed in the earlier email. Also we should be getting as much hard copy as possible so we can proceed with our goal of preparing for a startup. I suggest reviewing the paperwork and identify the stuff that you will need to get the forms completed. No doubt we will have substantial gaps but as long as we know where and what they are we can get the proper internal people involved (legal, credit, etc.)

Tks - Bob


As a reminder, the mandatory Annual Compliance Meeting was rescheduled to Thursday, November 8, 2001 from 8:30 - 10:00 am at the Doubletree Hotel, LaSalle Room B.  The agenda remains the same:

Robert George/Gil Melman	Board Seats
Richard Lauer			ECT Securities LP
David Port			Risk Management Policy
Bob Bruce			Chinese Wall Policy
Dave Gorte			Transaction Approval Process
Rick Carson			RAC Reporting Tools

Please confirm your attendance at this year's meeting either by responding to this email message or contacting Donna Wackerle at ext. 39755.  Thank you in advance for your cooperation.   If you have any questions, please contact me directly at ext. 31939.  I look forward to seeing you this year.

PLEASE FORWARD THIS MESSAGE TO YOUR ADMINISTRATIVE ASSISTANT TO ENSURE IT IS SCHEDULED ON YOUR CALENDAR.

Donna Lowry
Sr. Director
RAC Compliance
(713) 853-1939
(713) 646-4039 fax


Rick,
Unfortunately, I had to cancel.  I had a sick kid and just made it into the
office.
DG


Some questions:

Is Bridges set up to see Carghill?   Does Hickerson have any products out yet and is that all we would be required to do for him?  Has Carghill signed a CA?

What is the latest with Dow as it relates to Net Works?

What are your thoughts and next steps on GM?

How are we doing on a contract with service levels between EnronOnline and EWS?  Do you belive that this is a good thing in the first place?

Should we try to build a case to start charging for people to get at the liquidity on EOL?

Is Shults going to find a clearer and get some locals and institutions as sub users to a clearing master?

How is the Kiodx product coming?

How are we doing with the ICE API and arb engine?

Just curious.

GP


---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/07/2001
08:54 AM ---------------------------

Ray Alvarez@TRANSREDES
02/07/2001 07:42 AM
To: Richard Shapiro@Enron
cc:

Subject: Dave Barry's thoughts on CA's electrical storage

Rick, thought you might enjoy this alternative theory on the root cause of
Cal's problem.  Ray

---------------------- Forwarded by Ray Alvarez/TRANSREDES on 02/07/2001
09:39 AM ---------------------------

Steve Hopper
02/07/2001 08:47 AM

To: Ricky Lynn Waddell/SA/Enron@Enron, John Novak/SA/Enron@Enron, Laine A
Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peter E Weidler/NA/Enron@Enron,
Ray Alvarez/TRANSREDES@TRANSREDES, Doug Farmer/TRANSREDES@TRANSREDES
cc:

Subject: Dave Barry's thoughts on CA's electrical storage

Feb. 2, 2001, 8:06PM

The rest of us should tell California to go fly a kite

By DAVE BARRY

When we consider the serious electricity shortage in California, our
reaction, as concerned Americans, is: Ha ha!

No, seriously, we are alarmed. Because history teaches us that whatever
happens to California -- smog, road rage, tofu, coffee that is mainly air,
cell  phones, the belief that abdominal muscles are attractive, Shirley
MacLaine,  people taking in-line skating seriously, grandmothers sporting new
and  flagrantly inappropriate bosoms -- eventually happens to the rest of the
nation.  Thus it is vital that we analyze the California electricity shortage
and see if  we can develop a workable solution before we become bored and
change the  subject.

Our first question is: What, exactly, is electricity? When we look in our
Microsoft Encarta encyclopedia, we see that "electricity" is defined  as a
"class of physical phenomena resulting from the existence of charge  and from
the interaction of charges." What does this mean, in lay-person's  terms?

It means that whoever wrote the Microsoft Encarta encyclopedia is a big, fat
dope. Because we know from our junior-high-school science training that
electricity is actually a fast-moving herd of electrons, which are tiny
one-celled animals that can survive in almost any environment except inside
a  double-A battery, where they die within minutes.

Electrons are formed when clouds rub together and become excited. This was
proved in the famous experiment wherein Benjamin Franklin flew a kite during
a  thunderstorm and was almost killed. Encouraged by this success, Franklin
went on  to conduct many more electrical experiments, including rolling a
hoop in a  thunderstorm, playing hopscotch in a thunderstorm and doing
somersaults in a  thunderstorm.

Finally one night he was caught wearing only a bonnet and playing Mister
Pooter Rides the Pony in a thunderstorm, leaving the authorities with no
choice  but to arrest him and make him ambassador to France.  Nevertheless,
Franklin had proved an important scientific point, which is  that electricity
originates inside clouds. There it forms into lightning, which  is attracted
to the earth by golfers.

After entering the ground, the electricity hardens into coal, which, when
dug  up by power companies and burned in big ovens called "generators,"
turns back into electricity, which is sent in the form of "volts"  (also
known as "watts," or "rpm" for short) through special  wires with birds
sitting on them to consumers' homes, where it is transformed by  TV sets into
commercials for beer, which passes through the consumers and back  into the
ground, thus completing what is known as a "circuit."

But enough technical talk. The problem is that California is running out of
electricity. The situation is so bad that in some hospitals, they don't have
enough electricity to power those electric-shock paddles that get people's
hearts started again; instead, the doctors and nurses have to hold hands,
scuff  their feet across the carpet in unison, then shout "CLEAR!" as they
touch the patient's chest.

Who is responsible for California's electricity shortage? You could blame
the  power companies; or you could blame environmental wackos; or you could
blame the  entertainment industry, which uses more than 750 billion watts of
electricity  per day just to blow-dry the hair of the cast of Dawson's Creek;
or you  could blame (why not?) the Firestone tire company. But you would be
wrong.  Because obviously the real cause of the California electricity
shortage is:  college students.

I base this statement on widespread observation of my son, who is a college
student, and who personally consumes more electricity than Belgium. If my son
is  in a room, then every electrical device within 200 yards of that room --
every  light, computer, television, stereo, video game, microwave oven, etc.
-- will be  running. My son doesn't even have to turn the devices on; they
activate  themselves spontaneously in response to his presence.

Now take my son and multiply him by the number of college students in
California, which according to my research is (EDITOR: Please insert number
of  college students in California) and you see my point, which is (EDITOR:
Please  insert my point).

The question is: What can the rest of us do to help our fellow
countrypersons  in California? The answer is that we can send them our spare
electricity. Just  imagine what would happen if all the households in this
great and generous  nation got out their extension cords and connected them
together, forming a  giant electrical "chain of helping" across the fruited
plain to the  Golden State! Millions of people would be turned into generous
smoking lumps of  carbon, that's what. So maybe we should go with Plan B.
This involves building a  really, really, really big kite.

Knight-Ridder Tribune


The purpose of this filing is to provide PG&E,s version of the distributed
generation interconnection tariff.  In D.00-11-001, the Commission ordered
California utilities to file advice letters by November 17, 2000, adopting
the CEC,s model rule (with certain changes as discussed in D. 00-11-001) and
to incorporate any consensus positions from the CEC,s supplemental
recommendation.  PG&E says it has worked with Edison and SDG&E to ensure that
any changes to the recommended model rule of June 27, 2000,  incorporate the
October 25 supplemental recommendations and that the recommendations are
implemented in a uniform fashion by the utilities.  Protests are due
12/7/00.  Please advise if you need further information or if this is of
interest.


Jose,

Thank you for your interest in Enron.
I don't know at this point if we are going to offer any
internships in the summer of 2002.

My assistant, Shirley Crenshaw,  will send you the reprints of my publications.

Vince

 -----Original Message-----
From: 	"Jose E. Figueroa-Lopez" <figueroa@math.gatech.edu>@ENRON
Sent:	Wednesday, November 14, 2001 11:41 AM
To:	vkamins@enron.com
Subject:

	Dear Dr. Kamiski,

        I am a student of the master in Quantitative Computational Finance
in Georgia Tech and also a Ph.D. student of the school of Mathematics. I
had the opportunity of attending the talk you gave in Georgia Tech two
weeks ago. I found the field and your work extremely interesting and
exciting. Since I am finishing the master degree in QCF this Fall and I
am in the initial  stages of my dissertation research, I am really looking
forward to having exposure to some real problems that the industry has
related to price modeling and pricing of financial instruments. I believe
that such a exposure will serve to motivate my dissertation and research.

        I firmly believe that my mathematical background is particularly
suitable for the problems you explained in your talks. I have another
master degree in Statistics and probability, in which I had exposure to
practical and theoretical aspects of statistics and probability. As part
of my master dissertation, I had the opportunity to study in depth
Self-similar Stochastic Processes and Levy Processes with particular
emphasis on papers of Taqqu, Samorodnitsky, Sato, Mandelbrot, and
Bandorff-Nielsen. Also, I have extensive experience in C and Java
programming as well as standard statistical and mathematical packages like
MatLab, Maple, S-plus, Minitab, and Statgraphics. You can read my
resume attached to the e-mail.

        I am really interested in working on an internship next Spring
and/or Summer in your group or maybe to work individually with you in
reading sections and research projects related to the energetic field.

	One last thing, I wonder if you can provide me with a copy of your
slices or some bibliography.

	Thanks for your time and I expect to hear from you.

	Sincerely yours,

	Jose E. Figueroa-Lopez

 - Fall01Resume3.pdf << File: Fall01Resume3.pdf >>


DAN - I've made a few modifications to the above referenced agreement to
reflect volume changes and pricing changes associated with the GRE deal.  The
deal structure has been modified to reflect an increase in the DCQ, a  $0.05
demand charge per DCQ and the ability for GRE to decrease its DCQ monthly.
Could you please review the changes I made, as well as clarify that the
respective pricing reflects gas purchased "day-ahead", not intraday.
Intraday gas sells will be negotiated/ quoted on an "as needed" basis.

What does not appear to be addressed in any of the contracts to be executed
by ENA and GRE is the agency relationship that will exist whereby ENA will
handle nominations, scheduling, invoicing , etc... The intent of our overall
arrangement with GRE is to provide an agency relationship pursuant to the
June 1, 2000 TRANSACTION TERM SHEET.  Is this agency arrangement going to be
documented separately?  If so, please prepare a draft.  Otherwise, please
incorporate into the below agreement language consistent with the June 1st
Transaction Term Sheet under the section entitled "OPERATIONS".

OSCAR - I've modified the agreement to reflect IF-FOM at Ventura for the DCQ
and GDA-Common High for all volumes in excess of the DCQ.  Also, as you note
above, I'm instructing Dan to clarify that this is day ahead gas.  Carl, in
his June 23rd term sheet broke out the pricing mechanism to include a "day
of" price.  I don't think we should show a price for intraday gas in the
Winter.  It will be overly expensive and probably will never be utilized.
Also, Carl raises the issue of utilizing third parties when ENA cannot
service their account (blancing services, etc...)  Conceptually, I am
indifferent, but if they don't use us than we don't nominate or schedule.

chris
x31666

Oscar Dalton
06/30/2000 02:45 PM
To: Dan Hyvl
cc: Chris Meyer/HOU/ECT@ECT, Jason R Wiesepape/HOU/ECT@ECT
Subject:

Dan,

Great River Energy signed the reimbursement agreement and the transport
agreements.

We are trying to finalize the gas deal and I wanted to let you know that
Chris Meyer will be getting with you next week to review the transport
arrangemet so we can incorporate into the transaction agreement that is part
of the master.

by copy of this e-mail, I am also requesting Jason to send a copy of a master
agreement to Carl Sulzer for his review.

thanks

Oscar


Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 05/07/2001 12:13 PM -----

	"Chris Micheli" <cmicheli@carpentersnodgrass.com>
	05/07/2001 10:14 AM

		 To: "Susan McCabe" <smccabe@mccabeandcompany.net>, "Sue Mara"
<smara@enron.com>, "Steven Kelley" <steven@iepa.com>, "Steve Ponder"
<steve_ponder@fpl.com>, "Stephanie Newell"
<stephanie-newell@reliantenergy.com>, "Scott Sadler"
<sadlersa@earthlink.net>, "Scott Govenar" <sgovenar@govadv.com>, "Sandi
McCubbin" <smccubbi@enron.com>, "Ron Tom" <rtom@govadv.com>, "Roger Pelote"
<roger.pelote@williams.com>, "Robert Ross" <robbiz@cwo.com>, "Rina Venturini"
<rventurini@teamgsi.net>, "Richard Hyde" <rwhyde@duke-energy.com>, "Rachel
King" <rachel.king@elpaso.com>, "Phil Isenberg" <isenberg@hmot.com>, "Mike
Monagan" <mrmonagan@aol.com>, "Maureen O'Haren" <oharen@hmot.com>, "Marie
Moretti" <mmoretti@mccabeandcompany.net>, "Lynn Lednicky" <lale@dynegy.com>,
"Kent Palmerton" <kent.palmerton@williams.com>, "Katie Kaplan"
<kaplan@iepa.com>, "Kassandra Gough" <kgough@calpine.com>, "Julee Ball"
<jmball@ns.net>, "John Stout" <john_h_stout@reliantenergy.com>, "John Larrea"
<john.g.larrea@williams.com>, "Joe Ronan" <joer@calpine.com>, "Jeff Dasovich"
<jeff.dasovich@enron.com>, "Jean Munoz" <jmunoz@mcnallytemple.com>, "Jan
Smutny Jones" <smutny@iepa.com>, "Jack Pigott" <jackp@calpine.com>, "Hedy
Govenar" <hgovenar@govadv.com>, "Greg Blue" <gtbl@dynegy.com>, "Fred Pownall"
<fred_pownall@ka-pow.com>, "Delaney Hunter" <dhunter@s-k-w.com>, "Chuck Cole"
<ccole@advocation-inc.com>, "Bev Hansen" <bhansen@lhom.com>, "Anne Kelly"
<kelly@hnks.com>, "Andy Brown" <abb@eslawfirm.com>, "John Norwood"
<janorwood@norped.com>, "Pete Conaty" <pcaceo@pacbell.net>, "Matt Kilroy"
<matt.kilroy@pge-corp.com>, "Cary Rudman" <cjrudman@softcom.net>, "Carolyn
McIntyre" <cmcintyre@sempra.com>, "Barbara LeVake" <blevake@syix.com>, "Paula
Soos" <psoos@covantaenergy.com>, "Pat Pape" <ppape@calpine.com>, "Mohammed
Alrai" <mohammeda@calpine.com>, "Kent Robertson" <kentr@calpine.com>,
"Katherine Potter" <katherip@calpine.com>, "Juan Rodriguez"
<juanr@calpine.com>, "Eileen Koch" <eileenk@calpine.com>, "Bill Highlander"
<highlander@calpine.com>, "Aymee Ramos" <aymeer@calpine.com>
		 cc:
		 Subject: Corbett Press Conference

This morning Assemblywoman Ellen Corbett held a press conference on her AB
128x.  Several print journalists and 3 TV cameras were present at the
conference.  Also of interest is that the Senate tax consultants and Burton's
staff were at the event.  Assemblywoman Hannah-Beth Jackson showed up late
and gave a few quotes to the media present.  A spokesman from Mirant also
gave a few interviews after the press conference.
According to Corbett's staff, they expect to handout the bill amendments at
the hearing.
Among Corbett's comments to the media present:
"This bill is not a negotiating tool.  I'm very serious about this bill.  I
want to see it through the process.  The Governor will sign a bill like this."
The following amendments are to be presented at the committee hearing today
as follows:
AB 128X
1) Creates a Tax on Excess Gross Receipts from Electrical Energy
Distribution (called a "tax on excess greed")
2) Imposes a tax on the first sale of electricity by generators and
middlemen.
3) Establishes as the measure for the tax, the amount by which the
gross receipts exceed a specified price ("the base price").  The measure of
tax is called the excess gross receipts.
4) Creates a 3-tier system of rates as follows:
a) Sales price more than the base price but not more than 150%
of the base price, tax rate = 50%
b) Sales price more than 150% of the base price but not more
than 200% of the base price, tax rate = 70%
c) Sales price more than 200% of the base price, tax rate = 90%
5) Creates a rebuttable presumption that the base price represents a
fair sales price.
6)  Adds a mechanism to require withholding of the tax by purchasers.
Residential consumers and small business are exempt.
7)  Requires sellers to file annual tax returns to report the tax on excess
gross receipts and pay any remaining tax due.
8)  The measure sunsets after five (5) years.
There will be a report after today's Assembly Rev & Tax Cmte hearing.
As opposed to SB 1x that returns the taxes raised to ratepayers, AB 128x
would "repay" the State's General Fund.

Chris Micheli, Esq.
Carpenter Snodgrass & Associates
1201 K Street, Suite 710
Sacramento, CA  95814
(916) 447-2251
FAX: (916) 445-5624
EMAIL: cmicheli@carpentersnodgrass.com


oh - i invited your rocket power dancer friend. was i not supposed to do that?

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Happy Hour

in - and make sure neil and bob don't make any crass jokes about my past
experiences.


Adel, please send this blank matrix to the project manager and have them complete the title information amd items A through E in the upper box on the first page, then send it to me. This will greatly  assist me in determining what permits, plans and other regulatory documents will be requried.

thanks

 -----Original Message-----
From: 	Robinson, Adel
Sent:	Wednesday, December 19, 2001 11:41 AM
To:	Campbell, Larry
Cc:	Nabors-Collins, Judy
Subject:	Environmental Matrix

Good Morning -

Attached are two PAF for a retire and install a by pass valve on Unit #9 at Spraberry.

 << File: PAF Plug valve.xls >>  << File: PAF Plug valve ret.xls >>

These projects are completed.  Do you mind filling out an environmental matrix for this project.  We need to send the matrix in with the completion package. We are ready to send the package to Houston.

Thanks for your help

Adel


Wes, that is fine - flush it.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 01/02/2001
10:34 PM ---------------------------

Larry L Izzo@ENRON_DEVELOPMENT
01/02/2001 05:38 PM
To: David W Delainey/HOU/ECT@ECT
cc: Wes Colwell/HOU/ECT@ECT, Keith Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: TURBINE COST

Dave,

Can you please confirm to Wes that you agreed to add $1.2MM to the transfer
price for the two GE 7EA turbines to compensate EECC for the cancellation
cost we took on the Westinghouse unit?  Thanks.

LI10001


[IMAGE]
 Battle your friends for glory in Planters Crunch Time -- the first-ever football game played via e-mail! Featuring graphic, play-by-play action, Planters Crunch Time is fast, fun, and FREE! Kickoff Now!   Remember the NFL Hall of Famer's, Superbowl Champs and your favorite Teams or Players. Save 10%  off NFL Memorabilia @ MVP.com. Enter coupon code HIGH10PC  at checkout to receive this exclusive offer. Ends 10/23/01.  Attention Fantasy Fans!  Subscribe to The Sporting News  now for a low $.99 per issue AND get a FREE Stainless Steel Thermo-Bottle! HURRY!    Brought to you by   Sponsorship Bar You are receiving these e-reports because you have signed up for CBS SportsLine.com Fantasy Football.  To customize, reschedule, or turn off these reports please  click here    Player Updates NFL Reports  [IMAGE]Latest NFL Player News  Corey Bradford , WR GB - Free Agent Updated 10/21/01 Bradford started in place of the injured Bill Schroeder but was ineffective at Minnesota, catching four passes for only 32 yards. Bradford has yet to prove himself as a Fantasy player.  Bubba Franks , TE GB - Free Agent Updated 10/21/01 Franks caught only two passes for nine yards, but one of his receptions was good for a two-yard TD. Franks has caught TD passes in five of six games this year and has become a major sco! ri! ng threat even though he is not very effective outside of the red zone.  Derrick Alexander , WR KC - JWillie Updated 10/21/01 Alexander finally had a big game, posting 99 yards receiving and a touchdown against Arizona. He's been unreliable for the most part, however, but his potential to post numbers this good makes it tough to bench him.   Trent Green , QB KC - Bass/Hull Updated 10/21/01 Green threw for 352 yards and a score in Sunday's 24-16 loss to Arizona. Green has been inconsistent this season, however, and no longer warrants a starting nod every week.   Doug Chapman  , RB MIN - Free Agent Updated 10/21/01 Chapman rushed for 90 yards on 22 carries against the Packers. His numbers were not great, but he was more effective than Michael Bennett has been so far. Chapman may continue to see a good amount of carries if Bennett cannot stay healthy or continues to struggle.  David Boston , WR ARI - Bass/Hull Updated 10/21/01 Boston had a big game against Kansas City, posting seven receptions for 131 yards and a score. He's emerging as one of the best receivers in the league and is worth starting on a weekly basis.   ! Michael Pittman , RB ARI - Matty Updated 10/21/01 Pittman had a great outing on Sunday against Kansas City, posting 137 yards of total offense and a touchdown. Pittman won't post numbers this good with any regularity, but he's still a valuable player to have on your roster.   Jeff Graham , WR SD - Free Agent Updated 10/21/01 Graham came up huge for San Diego on Sunday, catching seven passes for 107 yards and two scores against Denver. He's still not reliable enough to start on a regular basis, but he's certainly worth a roster spot.   LaDainian Tomlinson , RB SD - Hunter Updated 10/21/01 ! Tomlinson was held in check for the first time this season by Denver on Sunday. The rookie tailback rushed for only 58 yards on the day, but he's still one of the top Fantasy players in the league.   Desmond Clark , TE DEN - Free Agent Updated 10/21/01 Clark had a big game on Sunday, catching six passes for 54 yards and a score against San Diego. He's been reliable as far as tight ends go from a Fantasy perspective, so continue to start him on a weekly basis.   Brian Griese , QB DEN - Matty Updated 10/21/01 Griese (shoulder) started Sun! da! y's game against San Diego, but he was ineffective. He posted 212 yards passing, a touchdown and two interceptions in Denver's 27-10 loss.   Peter Warrick , WR CIN - Giggles Updated 10/21/01 Warrick caught eight passes for 84 yards against Chicago. But the potentially explosive wideout is hurting his owners, because he does not find the end zone often.   Corey Dillon , RB CIN - Frank Updated 10/21/01 The Bears held Dillon to just 30 yards on 16 carries. Expect the veteran runner to bounce back from such a quiet performance very quickly.  David Terrell , WR CHI - Free Agent Updated 10/21/01 Terrell caught seven passes for 91 yards against Cincinnati. With Marcus Robinson injured, Terrell should assume a more prominent role in the Chicago passing game.  Anthony Thomas , RB CHI - Martin Updated 10/21/01 Thomas rushed for 188 yards and a TD against Cincinnati, clearly establishing himself as Chicago's top RB. Expect him to be the Bears' featured back for the rest of the year.  Frank Wycheck , TE TEN - Matty Updated 10/21/01 Wycheck caught seven passes for 100 yards and a TD at Detroit! . ! Despite some quiet outings until this week, he remains a top-notch Fantasy TE, especially with the Titans lacking in talent at wide receiver.   Charlie Batch , QB DET - Free Agent Updated 10/21/01 Batch threw for 338 yards, three TDs and was intercepted once in a loss to Tennessee. Batch has stacked up good numbers in two consecutive weeks, but he remains a Fantasy risk because of his history of inconsistency.  Steve McNair , QB TEN - Martin Updated 10/21/01 McNair threw for 216 yards, a TD and was intercepted twice at Detroit. He completed only 15 of 35 attempts, and many of his throws were inaccurate, possibly indicating he still might be bothered by shoulder problems.!  Eddie George , RB TEN - Tori Updated 10/21/01 George was held to 51 yards on 26 carries by Detroit. The lack of a reliable passing game in Tennessee has certainly hindered his production this year.   Shawn Jefferson , WR ATL - Free Agent Updated 10/21/01 Jefferson caught three passes for 67 yards and a TD against the Saints. The speedy wideout has a long history of inconsistency, so don't expect good numbers from him every week.  Alge Crumpler , TE ATL - Free Agent Updated 10/21/01 Crumpler caught five passes for 78 yards and a TD against New Orleans. Expect good totals from the big, quick tight end for the remainder of the year.  Albert Connell , WR NO - Free Agent Updated 10/21/01 Connell caught only one pass for five yards against Atlanta. It is definitely time to give up on the disappointing wideout.  Willie Jackson , WR NO - Martin Updated 10/21/01 Jackson finished with only 46 receiving yards on five catches against the Falcons. Mediocre numbers against the low-quality Atlanta defense indicate Jackson is not ca! pa! ble of providing owners with regularly good numbers.  Hines Ward , WR PIT - Tori Updated 10/21/01 Ward was limited to 44 yards on three catches by Tampa Bay. Ward is still making important receptions for the Steelers, but his Fantasy appeal is limited because of Pittsburgh's inability to consistently score in the air.  Warrick Dunn , RB TB - Martin Updated 10/21/01 Dunn played despite a foot injury that had bothered him during the week, but he was limited to 31 yards on 13 carries by a physical Pittsburgh defense.  Anthony Becht , TE NYJ - Free Agent Updated 10/21/01 Becht had a huge game against St. Louis, posting five catches for 35 yards and two scores. He's been inconsistent this season, however, but his potential to post good numbers makes him worth starting at a position lacking quality players.   Keyshawn Johnson , WR TB - Giggles Updated 10/21/01 Johnson caught 10 passes for 159 yards against Pittsburgh. He has developed a good on-field relationship with QB Brad Johnson. The veteran wideout should continue to post high-quality numbers on a regular basis.  Jerome Bettis , RB PIT - Giggles Updated 10/21/01 Bettis rushed for 143 yards and a TD on 17 carries against Tampa Bay. He also threw a 32-yard TD pass. His fine outing proves Bettis can compile good numbers against any defense.  Trung Canidate , RB STL - Giggles Updated 10/21/01 Canidate had a huge game against the New York Jets, posting 232 yards of total offense and two scores. His role as the Rams' featured back may be short-lived, however, depending on the health of stud back Marshall Faulk.   Rod Gardner , WR WAS - Free Agent Updated 10/21/01 Gardner had a huge game on Sunday, p! os! ting six catches for 208 yards and a score against Carolina. He seems to have overtaken Michael Westbrook as the No. 1 receiving target in Washington, and is worth a roster spot from a Fantasy perspective.   More Updates  View Transactions  [IMAGE]View  [IMAGE]  Transactions Date Time Player Team Transaction Effective Cost!  10/19/01 8:42 AM Carney, John Russell Signed Week 6 $2.5  Breakdown Schedule  [IMAGE]Breakdown  [IMAGE]   Neal/McKay Player Pos Points Manning, Peyton  QB 21.0 Anderson, Mike  RB 5.0 Dayne, Ron  RB 0.0 Hakim, Az-Zahir  WR 10.0 Rice, Jerry  WR 0.0 Jones, Freddie  TE 5.0 Stover, Matt  K 6.0 Broncos  DT 7.0   [IMAGE] TOTAL   54.0   [IMAGE] Smith, Lamar  RB 0.0 Testaverde, Vinny  QB 5.0 Barber, Tiki  RB 0.0 Bryson, Shawn  RB 0.0 McCardell, Keenan  WR 3.0 Richardson, Tony  RB 2.0   [IMAGE] at Matty Player Pos Points Brooks, Aaron  QB 15.0 Faulk, Marshall  RB 0.0 Pittman, Michael  RB 19.0 Glenn, Terry  WR 0.0 Horn, Joe  WR 7.0 Smith, Rod  WR 8.0 Janikowski, Sebastian  K 0.0 Giants  DT 0.0   [IMAGE] TOTAL   49.0   [IMAGE] Griese, Brian  QB 10.0 Gadsden, Oronde  WR 0.0 Bennett, Michael  RB 0.0 Johnson, Brad  QB 17.0 Stokes, J.J.  WR 0.0 Wycheck, Frank  TE 17.0   [IMAGE]  Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com   FB10SP


Sara,

Is it possible for you to verify whether or not Enron Development Funding Ltd
and Enron Netherlands Holding BV are authorized to trade FX swaps?  Thanks.


Greetings:
Looks like our respective sources are tracking pretty well.

Best,
Jeff

	Kristin Walsh/ENRON@enronXgate
	07/23/2001 01:51 PM

		 To: John J Lavorato/ENRON@enronXgate, Louise Kitchen/ENRON@enronXgate, David
W Delainey/HOU/EES@EES
		 cc: Christopher F Calger/ENRON@enronXgate, Christian Yoder/ENRON@enronXgate,
Steve C Hall/ENRON@enronXgate, Mike Swerzbin/ENRON@enronXgate, Phillip K
Allen/ENRON@enronXgate, Jeff Dasovich/NA/Enron@Enron, Chris
Gaskill/ENRON@enronXgate, Mike Grigsby/ENRON@enronXgate, Tim
Heizenrader/ENRON@enronXgate, Vince J Kaminski/ENRON@enronXgate, Steven J
Kean/ENRON@enronXgate, Rob Milnthorp/ENRON@enronXgate, Kevin M
Presto/ENRON@enronXgate, Claudio Ribeiro/ENRON@enronXgate, Richard
Shapiro/ENRON@enronXgate, James D Steffes/ENRON@enronXgate, Mark
Tawney/ENRON@enronXgate, Scott Tholan/ENRON@enronXgate, Britt
Whitman/ENRON@enronXgate, Lloyd Will/ENRON@enronXgate, Alan
Comnes/ENRON@enronXgate, Rogers Herndon/ENRON@enronXgate, James W
Lewis/HOU/EES@EES, Don Black/HOU/EES@EES, Ray Alvarez/NA/Enron@ENRON, Kelly
Holman/ENRON@enronXgate, Mark Dana Davis/HOU/ECT@ECT, Fletcher J
Sturm/ENRON@enronXgate, Doug Gilbert-Smith/ENRON@enronXgate, Richard B
Sanders/Enron@enronXgate, Andrew Edison/ENRON@enronXgate, Kelly
Holman/ENRON@enronXgate, Nancy Turner/ENRON@enronXgate, Tim
Belden/ENRON@enronXgate, John Brindle/ENRON@enronXgate, David
Cromley/ENRON@enronXgate
		 Subject: California Update 7/23/01

? When the Assembly reconvenes at 4:00 PDT it appears they will likely take
up the budget only; there is no word at this time that they will take up AB
82XX, and they do not appear to have the votes needed to pass it even if they
did take it up.  The fact that Burton has come out against a conference
committee is an additional disincentive to work on 82XX.  Therefore, at this
time it appears unlikely that 82XX will be passed before the recess.

? Instead, it appears likely that a working group will be established to work
on SB 78XX during the recess.  This group will likely include members of
Keeley's, Hertzberg's and Burton's staffs.  These staff members may be
allowed to go on vacation for a few weeks before returning to work on the MOU.

? The Assembly must pass the budget before they can recess.  It is unclear at
this time if it will be possible to do so tonight or if it will take a few
days; the Senate, by leaving, has put the Assembly in a difficult position in
that they cannot amend anything.  Also, the four Republicans who voted for
the budget last week are under significant pressure not to vote for the
trailer bills, meaning that Speaker Hertzberg has to find other Republicans
willing to cross party lines -- a difficult and very unpopular thing to do at
this point.  This is likely why the Assembly is meeting so late in the day --
to allow Hertzberg time to work on the 8 or 9 Republicans on his list.


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 10/09/2000
02:00 PM ---------------------------

Richard Burchfield
10/06/2000 06:59 AM
To: Phillip K Allen/HOU/ECT@ECT
cc: Beth Perlman/HOU/ECT@ECT
Subject: Consolidated positions: Issues & To Do list

Phillip,
 Below is the issues & to do list as we go forward with documenting the
requirements for consolidated physical/financial positions and transport
trade capture. What we need to focus on is the first bullet in Allan's list;
the need for a single set of requirements. Although the meeting with Keith,
on Wednesday,  was informative the solution of creating a infinitely dynamic
consolidated position screen, will be extremely difficult and time
consuming.  Throughout the meeting on Wednesday, Keith alluded to the
inability to get consensus amongst the traders on the presentation of the
consolidated position, so the solution was to make it so that a trader can
arrange the position screen to their liking (much like Excel). What needs to
happen on Monday from 3 - 5 is a effort to design a desired layout for the
consolidated position screen, this is critical. This does not exclude
building a capability to create a more flexible position presentation for the
future, but in order to create a plan that can be measured we need firm
requirements. Also, to reiterate that the goals of this project is a project
plan on consolidate physical/financial positions and transport trade capture.
The other issues that have been raised will be capture as projects on to
themselves, and will need to be prioritised as efforts outside of this
project.

I have been involved in most of the meetings and the discussions have been
good. I believe there has been good communication between the teams, but now
we need to have focus on the objectives we set out to solve.

Richard
---------------------- Forwarded by Richard Burchfield/HOU/ECT on 10/06/2000
08:34 AM ---------------------------

Allan Severude
10/05/2000 06:03 PM
To: Richard Burchfield/HOU/ECT@ECT
cc: Peggy Alix/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Kenny Ha/HOU/ECT@ECT
Subject: Consolidated positions: Issues & To Do list

From our initial set of meetings with the traders regarding consolidated
positions, I think we still have the following issues:
We don't have a single point of contact from the trading group.  We've had
three meetings which brought out very different issues from different
traders.  We really need a single point of contact to help drive the trader
requirements and help come to a consensus regarding the requirements.
We're getting hit with a lot of different requests, many of which appear to
be outside the scope of position consolidation.

Things left to do:
I think it may be useful to try to formulate a high level project goal to
make it as clear as possible what we're trying to accomplish with this
project.  It'll help determine which requests fall under the project scope.
Go through the list of requests to determine which are in scope for this
project and which fall out of scope.
For those in scope, work to define relative importance (priority) of each and
work with traders to define the exact requirements of each.
Define the desired lay out of the position manager screen: main view and all
drill downs.
Use the above to formulate a project plan.

Things requested thus far (no particular order):
Inclusion of Sitara physical deals into the TDS position manager and deal
ticker.
Customized rows and columns in the position manager (ad hoc rows/columns that
add up existing position manager rows/columns).
New drill down in the position manager to break out positions by: physical,
transport, swaps, options, ...
Addition of a curve tab to the position manager to show the real-time values
of all curves on which the desk has a position.
Ability to split the current position grid to allow daily positions to be
shown directly above monthly positions.  Each grouped column in the top grid
would be tied to a grouped column in the bottom grid.
Ability to properly show curve shift for float-for-float deals; determine the
appropriate positions to show for each:
Gas Daily for monthly index,
Physical gas for Nymex,
Physical gas for Inside Ferc,
Physical gas for Mid market.
Ability for TDS to pull valuation results based on a TDS flag instead of
using official valuations.
Position and P&L aggregation across all gas desks.
Ability to include the Gas Price book into TDS:
Inclusion of spread options in our systems.  Ability to handle volatility
skew and correlations.
Ability to revalue all options incrementally throughout the trading day.
Approximate delta changes between valuations using instantaneous gamma or a
gamma grid.
Valuation of Gas Daily options.
A new position screen for options (months x strike x delta).  TBD.
Inclusion of positions for exotic options currently managed in spreadsheets.
Ability to isolate the position change due to changed deals in the position
manager.
Ability to view change deal P&L in the TDS deal ticker.  Show new deal terms,
prior deal terms, and net P&L affect of the change.
Eliminate change deals with no economic impact from the TDS deal ticker.
Position drill down in the position manager to isolate the impact of
individual deals on the position total in a grid cell.
Benchmark positions in TDS.
Deployment of TDS in Canada. Currency and volume uom conversions. Implicit
and explicit position break out issues.

-- Allan.

PS: Colleen is setting up a meeting tomorrow to discuss the direction for
transport.  Hopefully we'll know much better where that part stands at that
point.


Thanks for the update, Kimberly. This looks great. I'll forward it on to the
traders and keep it at my desk for reference.

Kate

Kimberly Hundl@ENRON
04/30/2001 11:06 AM
To: Sharen Cason/HOU/ECT@ECT, Amy Smith/ENRON@enronXgate, Kate
Symes/PDX/ECT@ECT
cc:

Subject: Not to be confirmed deals...

Attached is an updated copy of this document (in case you are printing it out
and keeping it for your reference.)

Thanks!
Kim H.


Please provide written notice of postponement and tell them to bill us.

 -----Original Message-----
From: 	Carrillo, Alma
Sent:	Wednesday, November 28, 2001 1:50 PM
To:	Corman, Shelley
Subject:	RE: Possibily of Delaying/Postponing Tomorrow's Party

Just got off the phone with the hotel.  If we postpone the event the cancellation fee still applies and fee cannot be used toward future events.  The cancellation fee consists of anticipated revenue, however, the hotel has agreed to gives us a 20% discount.

Anticipated Revenue:
		 Food:		$1,055.00
		 Drinks:	   $800.00
				$1,855.00

$1,855.00 with 20% Off =  $1,484.00
				 296.80   (20% service charge)
			          	 146.92   (8.25% Sales Tax)
                           $1,927.72

 -----Original Message-----
From: 	Corman, Shelley
Sent:	Wednesday, November 28, 2001 11:57 AM
To:	Carrillo, Alma
Subject:	RE: Possibily of Delaying/Postponing Tomorrow's Party

Please call.  I'm confused about the hotel amount.

Alma - we will hand out the prizes in a raffle on the date of our holiday luncheon on Dec. 11.

 -----Original Message-----
From: 	Carrillo, Alma
Sent:	Wednesday, November 28, 2001 11:52 AM
To:	Corman, Shelley
Cc:	Holmes, Bradley; January, Steve; Nacey, Sheila; Scott, Donna; Bryant, Mike; Blair, Lynn
Subject:	RE: Possibily of Delaying/Postponing Tomorrow's Party

Shelley,
According to the contracts below is what we will pay for cancellation.  Payment is due the day of event.
DJ - $100
Hotel -	1,454.88
Alma

 -----Original Message-----
From: 	Corman, Shelley
Sent:	Wednesday, November 28, 2001 11:12 AM
To:	Carrillo, Alma; Sawyer, Lisa
Cc:	Holmes, Bradley; January, Steve; Nacey, Sheila; Scott, Donna; Bryant, Mike; Blair, Lynn
Subject:	Possibily of Delaying/Postponing Tomorrow's Party

Alma/Lisa,

I need to know what the ramifications are of canceling/postponing tomorrow's party.  What will lose?  What have we not paid back?


Be advised that there will be a meeting on Thursday 11:00 am August 23 at the
NNG Turbine station, south of Kermit Tx.  to complete and submit annual
certification reports which are required by the following Title V permitted
facilities:

Seminole
Brownfield
Plainview

Spraberry

Irion Co. No. 1
Reagan Co. 2
Eldorado

Wt-2
Walton
Keystone

Kermit Turbine

Should a team decide not to attend this meeting, be advised that the required
submittal date for the annual certifications for the state of Texas is
September 8, 2001.  It will be your teams responsibility to ensure that the
certifications are submitted prior to the 9/8/01 deadline should you decide
not to attend the August 23 meeting.


With Ken Lay's resignation, you undoubtedly have questions about Enron's management structure and what lies ahead for the company.  The purpose of this communication is to begin to answer those questions and lay out the direction we plan to follow as we regroup and rebuild.

First, the Creditors Committee has proposed that the Board of Directors retain an interim CEO to focus on the restructuring process.  This is a positive sign that the Committee believes Enron will provide greater value as a viable ongoing business.

The Enron Board of Directors has approved Stephen Cooper as interim CEO and chief restructuring officer.  Steve is the managing partner of Zolfo Cooper, a corporate recovery and crisis management firm with more than 30 years experience leading companies through operational and financial reorganizations.

Steve and his firm will work with members of Enron's current management to develop and implement a comprehensive plan to restructure the company and emerge from bankruptcy.

As you know, Enron has entered into an agreement with UBS Warburg for the sale of NetCo, Enron's wholesale gas and power trading organization.  In preparation for the transition of NetCo to UBS, Greg Whalley has resigned as president and COO of Enron to assume a position with UBS Warburg.  We want to thank Greg and the NetCo employees joining UBS for their contributions to Enron and wish them great success going forward.

In addition to engaging Steve, Enron has formed an Office of the Chief Executive.  I will join Steve in that office as president and chief operating officer, and Ray Bowen will join us as executive vice president and chief financial officer.

We will provide additional information regarding the roles and responsibilities of Enron's entire management team once those become more fully defined.

Thank you for continuing to support Enron by performing your job everyday.  The ongoing uncertainty about our future, coupled with the constant media scrutiny, makes this situation difficult for all of us. While no one can control the media, we can and will define our leadership and devise our strategy for moving ahead.  And in doing so, we will build a more certain future for our company and our employees.

Link to the press release: http://www.enron.com/corp/pressroom/releases/2002/ene/012902Release.html


Jo, I actually mentioned this in our TW staff meeting with Steve yesterday about using the OBA's to balance this point for November service if the interconnect was not ready.  We could carve out a few minutes after one of the morning meetings to discuss this with Market Services - both TW and NNG representatives to work out the details for their shop.  FYI, Michelle is working with Burlington to deliver gas to NNG@Gray on their firm contract as well as discussions with Oneok to deliver gas to TW@Gray.

Thanks, Kim.

 -----Original Message-----
From: 	Williams, Jo
Sent:	Tuesday, September 18, 2001 9:34 AM
To:	Watson, Kimberly; Gottsponer, Morgan
Cc:	Miller, Kent
Subject:	FW: Gray Interconnect

fyi.  I had requested Earl to provide an update on this interconnect.  If we have actual flows scheduled (and we know we have 25,000 of firm contracted) before the 12/1 date, we might have to do something at Halley to balance flows.  Should we start working out the details of that?

 -----Original Message-----
From: 	Chanley, Earl
Sent:	Tuesday, September 18, 2001 9:14 AM
To:	Williams, Jo
Cc:	Spalding, Norm; McIlwain, Greg; Brown, Ricky
Subject:	RE: Gray Interconnect

Jo

R-O-W has gave 30 day notice to adjacent landowners
Survey has been completed for pipeline
SHPO & F&F survey being completed on pipeline route
Valves has been quoted for a 8 -12 week delivery, unacceptable. Have requested buyer purchase Grove Valves with a 4 week delivery.
Should know on pipe this week for delivery and cost.
The existing Gray county I/C will be relocated to P-3 as a complete unit
An 8" meter tube and two 12" valves have been located from surplus for installing at the original I/C with dry flow measurement
Installation will be T&M to reduce time frame for bid package and drawings and allow quicker contractor move in and start up.

The target date is 11-1-01, but with the delay, 2 1/2 months, in approving the P.A., as stated in the original cost estimates, E&C required a June approval to meet the in service date of 11-1-01, we have a forecast ready for service date of 12-01-01. We will expedite materials and installation in an attempt to meet the target date.
If any questions, lease let me know

Earl

 -----Original Message-----
From: 	Williams, Jo
Sent:	Wednesday, September 12, 2001 9:14 AM
To:	Chanley, Earl
Subject:	Gray Interconnect

Earl,

I haven't heard anything lately on the status of the Gray Interconnect.  Has the cost estimate remained the same?  What is the schedule for in-service?

Let me know.

Thanks.


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

	Enron North America Corp.

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

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

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

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

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


i assume you saw this but this is a great message for whatever we undertake
in CA. see you friday.  if you need to chat before that, just buzz me in the
office or on the cell.

NEWS MEDIA CONTACTS:                                      FOR
IMMEDIATE RELEASE
Jill Schroeder 202/586-4940     Wednesday, June 20,
2001
Tom Welch 202/586-5806

Energy Department Study Warns
Price Controls Will Cause
California Blackouts to Worsen

(WASHINGTON, DC) -- The Department of Energy released a report today that
indicates that proposed wholesale electricity price controls in California
could double the number of rolling blackouts from 113 to 235 hours and
increase the number of households in the dark to about 1.575 million.

The report, The Impact of Wholesale Electricity Price Controls on California
Summer Reliability, was prepared by the Department's Office of Policy at the
request of U.S. Senator Frank Murkowski (R-Alaska).  It evaluates the
probable effect of two alternative price cap proposals and concludes that
they "are likely to increase the number of hours and the magnitude of the
outages that California will experience."

Energy Secretary Spencer Abraham said the study confirms the federal
government's concern regarding price controls.  "The findings of this report
are a clear warning that price controls will not help, but only hurt the
situation in California," Secretary Abraham said.  "Minimizing the number of
blackouts ought to be our principal goal because more intense blackouts
would greatly imperil the health and safety of California's citizens and
would undermine the state's economy at least as much as high prices. Our
analysis is that blackouts will be worse and last longer if price controls
are established."

The two proposals analyzed by the Energy Department are the $150 Hard Cap
and the Cost-Plus-$25 Price Cap advocated by California Governor Gray Davis
and some Western lawmakers.  The report concludes a $150 Hard Cap "could
force as much as 3,600 megawatts of generating capacity in the State to shut
down."  Likewise, a Cost-Plus-$25 price cap results in the delay or
abandonment of about 1,300 megawatts of capacity scheduled to be constructed
in the state.

(MORE)

R-01-099

-2-

"The problem with many of the price control proposals made so far is that
they either make it uneconomic for some of the highest cost plants to
operate, or they provide a strong disincentive for adding the type of
peaking capacity California hopes to bring on line this summer through their
expedited siting process," Secretary Abraham said.  "This report confirms
the President's statement made in California that 'Price caps do nothing to
reduce demand and they do nothing to increase supply."

The report also concludes that the price control proposals it analyzed
"could significantly increase blackouts this summer, threatening public
health and safety."  Both proposals directly translate into additional hours
of outages and households affected.  The analysis of the $150 Hard Cap
proposal concludes that the number of hours of blackouts is projected to
more than double to about 235 hours, with the average outage size increasing
about 230 megawatts.  Approximately 175,000 additional households would be
affected.  Similarly, the report projects that the Cost-Plus-$25 Price Cap
proposal will increase the number of hours of expected outages by about 25
percent this summer, with the average outage size increasing about 120
megawatts.  Approximately 90,000 additional households could be affected.

Under current conditions the department expects that California will
experience between 113 hours of rolling blackouts this summer with an
average outage size of about 1,900 megawatts, effecting roughly 1.4
households.  One megawatt is roughly enough energy to power 750 households.

The Impact of Wholesale Electricity Price Controls on California Summer
Reliability, can be found on the Department of Energy's web site at

-DOE-

R-01-099

 - CA-0615.pdf


Jeff Skilling is unable to attend.

Thank you,
Joannie Williamson

Dottie Kerr <dottie@kerr-solutions.com> on 05/12/2001 05:17:57 PM
To:	(Recipient list suppressed)
cc:

Subject:	Harvard Forum 05/18/01 - Second Invite

There are only a few available spaces at the upcoming Harvard Forum.  Don't
miss this new and exciting event.  Make your reservations today.  See
meeting details below.
**********************************************

Harvard University Club of Houston - Harvard Forum
"Raising Children of Character in A World of Affluence"
Dinner and Discussion Club

Join us for a new type of Harvard Club experience.  Ever wanted to talk
substantively about a topic, while having a great dinner, but were afraid
that your dinner guests would not be able to go the distance with you in
the conversation?  We have the solution.

Modeled after a format that members David and Anne Grizzle and Danguole
Spakevicius and William Altman have been enjoying for years, the Harvard
Forum will provide an opportunity for an extended conversation with fellow
club members.

The format works like this:  we'll have dinner, and then a panel of Harvard
grads will give brief introductions to the evening's topic from their
perspective, and then we will all engage the topic for ourselves, first in
a large group and then in small groups.  The panel members will be
knowledgeable, but not so expert that anyone will be intimidated.  They
will, however, be provocative to assure that the subsequent conversation is
lively.  You will come away knowing your fellow club members better than
ever - maybe better than you ever wanted.

The topic we've picked is one with which many of us have struggled.  Our
children may be growing up in a world far more affluent - privileged - than
we enjoyed.  How imperiled is their character by our success?  What
practical steps can we take to insure that we pass along to them the
character values that we treasure?

We plan to schedule a Harvard Forum every quarter.

Because of the format, attendance is limited.  Please respond as indicated
below.

When:    Friday, May 18, 7:30 p.m.
Where:   Briar Club, 2603 Timmons (East Briar Room)
Cost:      $35.00 per person

Reservations:  Email dottie@kerr-solutions.com or call 281/424-3084
(Payment must be made at time of reservation by credit card or mailing
check to 3413 Cobblestone Lane, Baytown, TX 77521-1956.)

For further information, contact David Grizzle (david_grizzle@yahoo.com or
713-324-2966) or Danguole Spakevicius (danguole@fempartners.com or
713-665-4218).

===================
Dottie Kerr (harvardclub@kerr-solutions.com)
Administrator for Harvard Club of Houston
www.harvardclubofhouston.org


This is a second effort to distribute the agenda and exhibit for the HR Policy meeting today - 1-3 PM CT in EB 15C1.
    Apparently a number of participants did not recieve the first distribution, Regards, Rj.


Please click on the attached icon or the Web address below to go to the most recent OASIS Posting.

If that doesn't work highlight and copy the address below, then paste it into the address line of your Web browser and hit "enter":

Information on BPAT's implementation of tariff terms and conditions and/or transmission marketing policy has been posted to:

http://www.transmission.bpa.gov/oasis/bpat/Notices/forum/Attachments/02-01-02_Notice_of_a_Rate_Case_to_Amend_ACS-02_Generation_Imbalance_Service_Rate.doc

For questions or comments, please contact your Transmission Account Executive.


I have you on my calendar for 2 pm on Thursday.  Sara

David P Dupre
11/02/99 05:03 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: Catalytica Combustion Systems

Thursday after lunch might work better. Is that a convenient time?

David

Sara Shackleton
11/02/99 01:33 PM
To: David P Dupre/HOU/ECT@ECT
cc:
Subject: Re: Catalytica Combustion Systems

How about tomorrow at 10:00 am?

David P Dupre
11/02/99 12:46 PM
To: Sara Shackleton/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT
Subject: Catalytica Combustion Systems

Let's meet to discuss this confirmation when you have an opportunity.
Dale mentioned yesterday that this would 'resurface' in the near future.

Regards,
David
3-3528


California,s power crisis has generated heated debate over the last several
months.  Unfortunately, this debate has generated more heat than light.  We
want you to know what the facts are and what we are doing about the crisis.
Please spend a few minutes reading the following overview on the situation
and our position on California energy issues.

What happened in California

The source of California,s current problem is as straightforward as supply
and demand.  California,s economy grew 29 percent since 1998.  This increased
the demand for electricity by 24 percent.  At the same time, regulatory
restrictions prevented new generation from getting built in the state.  So
demand grew but regulations prevented supplies from being added.  The result,
predictably, is a shortage.  This summer, peak capacity will be about 10
percent shy of peak demand, leading to further blackouts in the state.

In addition to the supply and demand imbalance, there are two other related
factors that led to the current crisis.  First, the state,s regulations
forced all sales and purchases into the spot market.  The spot market for
power is extraordinarily volatile.  The way firms behave in a free market
when faced with such volatility is to construct a portfolio of purchases long
term, medium term and short term, to reduce exposure to this volatility.  In
California, state regulation prevented this strategy.  This would be the
equivalent of putting the entire state on an adjustable rate mortgage in the
most volatile interest rate environment imaginable.  Everything was fine
while the power surplus persisted, but when shortages ensued, every megawatt
was purchased at the sky rocketing spot price.

Second, retail markets were not deregulated.  Regulated retail rates remained
in effect, and stranded cost recovery charges were structured to keep
competition out.  This meant that utilities were forced to pay high wholesale
prices in the spot market but were only able to recover costs at the
regulated retail rate.  They are now nearly bankrupt.

In short, California,s problems were caused by regulation, not deregulation.
Regulations prevented competitors from entering the market, prevented new
generation from being built, and prevented prudent hedging against volatile
spot prices.

At the time California was developing its restructuring plan, Enron warned
the state,s policy makers about these risks and proposed alternatives, which,
if adopted, would have averted the current crisis.

Enron,s Role

Many political leaders in the state have elected to fix blame rather than fix
the problem.  Power sellers, including Enron, have been vilified by the
politicians and the media.  Here are the facts:

? Other than a small amount of wind power, Enron is not a generator in the
state of California.  Every megawatt we sold in California we bought in the
same market available to other California purchasers.  Because we are a
market maker, not a generator, we are not biased toward high prices.  We are
interested only in having a market that works so that we can package products
for our customers.
? As a seller to end-use markets in the state, we provided protection from
the problems the states, utilities, and their customers, now face.  We
protected, and still protect, our customers from price volatility.

You may have read that EES recently elected to have the utilities supply
power directly to its customers in California instead of procuring power on
the open market.  Early reports mischaracterized this as a &turnback8 of our
customers to the utilities.  Here are the facts:

? As a result of a variety of factors existing in the current California
market, it made more sense for EES to source power for its customers directly
from the utilities.  This decision reduced EES,s market price risk by
allowing EES to access lower utility rates.
? EES did not terminate any customer contracts, and our customers continue to
receive the financial benefits of their contract prices.
? EES is continuing to work with its California customers to provide them
with other energy-related products and services, including assistance in
reducing the demand for power, particularly at peak times.

Enron is currently proposing solutions to help California work out of its
crisis; Enron continues to sign up customers in the state; and Enron
continues to actively manage its risks and capture opportunities in Western
power markets.  Enron,s primary business is managing risk for our customers
with solutions customized to meet their needs.  There has never been more
demand for our products and services.

The Solution

The solution to California,s crisis is also straightforward.  In summary, the
state must increase supply, reduce demand, reduce reliance on the spot market
and shore up the financial stability of the state,s utilities.

Increasing Supply

California,s process for siting and permitting new generation is nothing
short of Byzantine.  Enron has built plants elsewhere in the country in less
than a year.  In California, it often takes 5 to 7 years.  California simply
must streamline this process.  Ironically, while many of the regulations
generators must overcome are aimed at improving environmental quality, the
regulations are preventing new clean technology from coming online and
displacing current plants, which emit 40 times as much NOx.  California can
have abundant power and cleaner air by expediting the permitting of new
facilities.

Reducing Demand

Customers in California today have no incentive to reduce or shift demand.
They pay the same rate no matter what the market price is.  An open retail
market would trigger demand responses, which would balance supply and demand
at lower prices than today.  California should fully open its retail market.

Reducing Reliance on the Spot Market

In a truly deregulated market, customers would protect themselves from
volatile spot prices by purchasing some of their requirements on a longer
term, fixed-price basis.  The state has instead left procurement in the hands
of the utilities, which it has forced to buy exclusively in the spot market.
Opening the market at the retail level will give customers control over their
price risk.

Restoring the Financial Integrity of the State,s Institutions

The utilities in California are not paying their bills.  This has led to
greater uncertainty in the market, higher costs, and reduced flexibility to
arrive at lasting solutions.  California must permit its utilities to recover
their costs so they can pay their bills and invest in the transmission and
distribution assets necessary to get power from where it is to where it is
needed.

Just as important as doing these things, the state must avoid policies that,
while politically attractive, do not fix the problem or even make matters
worse.  Price caps have been proposed.  They don,t work; have never worked;
and they will not work here.  Price caps succeed only in creating shortages,
which then have to be allocated among competing users.  Imagine how
ineffectively the government would be in determining, for example, whether it
is better to make its limited power supplies available to the Imperial Valley
or Silicon Valley.  Price caps are a surefire way to make the current
shortage worse.

The state has also proposed to take over generation and transmission in
California.  There is no reason to believe, and every reason to doubt, that
the state will be more effective than free markets at investing in,
constructing, operating and maintaining assets.  This will also result in
California tax revenues being spent on power transmission and power
generation -- which the private sector can do -- instead of education, roads
and other public goods -- which the private sector cannot do.

As you are approached by people outside the company or are learning about the
crisis from the media, it,s important for you to know this:  We at Enron will
continue to serve our customers and we will continue to propose real
solutions to the state.


The following items are available or being produced by Enron resources to
support the on-going activities related to California.  If I've missed
anything, let me know.

When anyone needs new material, please feel free to contact John Neslage.

John Neslage will keep the material and should be apprised of any new
material.  John's number is 713-853-6827.

Thanks,

Jim

------------------------------------------

READY TO GO

Steve Kean Letter to Sen. Feinstein  RE:  California Status
Steve Kean Letter to Sen. Wyden RE:  Information Release
Enron Fixes for California (attached)
CERA Highlights on California Crisis

IN PRODUCTION

One Page Fact Sheet - Buy Books, Not the Grid
One Page Fact Sheet - Enron's Opposition to Cal ISO Takeover by California
Politicans (Mirant v. ISO)
One Page Fact Sheet - How Big a Blackout for Summer 2002?
One Page Fact Sheet - Enron's Global Solution
EPA Package - Necessary Fixes to Increase Supply


Tana,

Let me know if you need any more info

Dutch


Ceeps,
     Great job on the pics and summary of the Miller-Ribfest.  See you
tonight at the Chophouse.  Hopefully we'll be there before first pitch.

Drow

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

To unsubscribe from this group, send an email to:
smu-betas-unsubscribe@egroups.com

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


Yes, I just got an e-mail from Evelyn saying that Prebon didn't recognize
this exact deal. Mark checked it out and determined he had gone through APB.
I will change this when our calc is done - in about 30 min.

Thanks,
Kate

Kerri Thompson@ENRON
11/17/2000 02:48 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

462105
broker has transalta

missing deal for mark

buy aquila
50 mw
100.00
dec
palo
on peak


----- Forwarded by Tana Jones/HOU/ECT on 09/06/2000 05:24 PM -----

	Bradley Diebner
	09/06/2000 05:18 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Cynthia
Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global
Contracts and Facilities, Enron Europe Global CounterParty, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 09/06/00

The EOL approvals for 09/06/00 are attached below.

Regards,
bd


My suggestions:


My comments to the Assignment Agreement are as follows:

In paragraph A, "transformors" should be "transformers".

Please note the following comments to 6:

6. Successors and Assigns.  This Assignment shall be binding on and inure to
the benefit of the parties hereto, their successors and assigns.  This
Assignment and the rights and obligations herein may not be transferred or
assigned by one party without the other party's written consent, except that
Assignee shall be entitled to assign this Assignments to Calumet Power, LLC
or its affiliates (if permitted by the Option Agreement) and there upon be
released from any and all obligations hereunder upon the giving of written
notice to Enron.

I do not have any comments to the notice.

Please let me know if you have any questions.

Kay Mann

greg_spitzer@chicago.kirkland.com on 06/07/2000 05:19:44 PM
To: j.nassos@pecorp.com, j.burns@pecorp.com, dtauke@winston.com,
kay.mann@enron.com
cc: gaxelrod@kirkland.com

Subject: Option Agreement

Attached please find revised blacklined versions of the Assignment of Option
Agreement and Notice of Exercise of Option, incorporating changes from various
parties.  The enclosed is subject to further  comment from WLB and Peoples
Energy.

Please contact me with any questions regarding the enclosed.

Greg Spitzer
312-861-2115

(See attached file: ASSIGNMENT OF OPTION-RED1.WPD)(See attached file: EXERCISE
OPTION-RED.WPD)

******************************************************************************
The information contained in this communication is confidential, may
be attorney-client privileged, may constitute inside information, and is
intended only for the use of the addressee.  It is the property of
Kirkland & Ellis.  Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited and may be
unlawful.  If you have received this communication in error, please
notify us immediately by return e-mail or by e-mail to
postmaster@kirkland.com, and destroy this communication and all
copies thereof, including all attachments.
******************************************************************************

 - ASSIGNMENT OF OPTION-RED1.WPD
 - EXERCISE OPTION-RED.WPD


----- Original Message -----
From: Dave Walden <savont@email.msn.com>
To: Angela Blakeney <angelab@rocketball.com>
Cc: George Postolos <georgep@rocketball.com>
Sent: Wednesday, October 25, 2000 4:56 PM
Subject: Re: Opponents TV Buy

Here what they have actually bought:

23,700    11
22,995    13
  9,100    2
  6,900    26
62,695    Total.

They've told the stations that they expect to add time to the buy. But that
will be very difficult for them to do next week and it will not be all that
much any way.

The Carson "Group" is a one man operation out of a cat ridden house
somewhere out west.

----- Original Message -----
From: Angela Blakeney <angelab@rocketball.com>
To: <savont@msn.com>
Sent: Wednesday, October 25, 2000 3:49 PM
Subject: Opponents TV Buy

Our in-house media guy says the TV is being placed by the Carson Group. The
Tv stations have said they will not tell us how much has been spent on the
buy over the phone, but they will show us in person if we send someone to
the stations. Have you found out any more information?

Angela Blakeney
Chief of Staff
Houston Rockets, Comets, ThunderBears
(713) 963-7336 phone
(713) 963-7313 fax
angelab@rocketball.com


Thanks,

Kern said they should have these docs ready for us by tomorrow.  They also
changed their mind on Paragraph #5, and they want it to stay in.  Can you
live with that?

Julie  :-)


Greg/Andy/Kal --

Not clear to me if this is strictly Accenture's work for Credit or for EOL.  Not sure if they've worked for us, but I presume we don't want them taking ANY credit for our success given our origination goals and messages!

Vance

---------------------- Forwarded by Vance Meyer/NA/Enron on 05/24/2001 06:00 PM ---------------------------

Vance Meyer
05/24/2001 05:59 PM
To:	Bryan Seyfried/LON/ECT@ECT, Meredith Philipp/Corp/Enron@ENRON, Kimberly Friddle/ENRON@enronXgate, Jackie Gentle/LON/ECT@ECT, Jeff Kinneman/Enron@EnronXGate
cc:

Subject:	RE: ECONOMIST: Enron, Accenture - - any topics that COULD be discussed re: Accenture's eBusiness work for Enron ...(next week, in Houston)

NOT SURE WHO THE CONTACT WITH ACCENTURE WOULD BE ON THIS, BUT PLEASE CALL ME BEFORE MOVING FORWARD.  VIJAY WAS HERE AND HAS INTERVIEWED JEFF SKILLING, GREG PIPER, MIKE MCCONNELL AND OTHERS IN THE ORGANIZATION.  I WOULD APPRECIATE THE OPPORTUNITY TO COORDINATE.

MEREDITH SENT THIS TO ME KNOWING THAT VIJAY WAS HERE AND I WAS INVOLVED.

Thanks

Vance Meyer
54459

---------------------- Forwarded by Vance Meyer/NA/Enron on 05/24/2001 05:53 PM ---------------------------

Meredith Philipp
05/24/2001 04:50 PM
To:	Vance Meyer/NA/Enron@ENRON
cc:

Subject:	RE: ECONOMIST: Enron, Accenture - - any topics that COULD be discussed re: Accenture's eBusiness work for Enron ...(next week, in Houston)

Does this have to do with any of your Accenture or Economist stuff?
----- Forwarded by Meredith Philipp/Corp/Enron on 05/24/2001 04:49 PM -----

	Eva Hoeffelman/Enron@EUEnronXGate 05/21/2001 06:28 AM 	   To: Bryan Seyfried/LON/ECT@ECT, Meredith Philipp/Corp/Enron@ENRON, Kimberly Friddle/ENRON@enronXgate, Jackie Gentle/LON/ECT@ECT  cc: John Sherriff/LON/ECT@ECT  Subject: RE: ECONOMIST: Enron, Accenture - - any topics that COULD be discussed re: Accenture's eBusiness work for Enron ...(next week, in Houston)

We know Vijay quite well and he is not easiest to deal with.  He has believed for years that Shell was going to take us over and never cured from that obsession.  I don't know anything about Vijay's visit, so don't know who he's speaking to in the US.  If he needs to be briefed on Enron Credit, I think that should be done by John here from London.

And the decision to let Accenture talk about their work with Enron is one that has to be taken from corporate hq (Meredith). I would imagine though that our own Enron story is enough of a story, we don't need to do or like any 3rd-party endorsement from Accenture.

Regards
Eva

 -----Original Message-----
From: 	Seyfried, Bryan
Sent:	Sunday, May 20, 2001 3:31 PM
To:	Philipp, Meredith; Hoeffelman, Eva; Friddle, Kimberly
Cc:	Sherriff, John
Subject:	ECONOMIST: Enron, Accenture - - any topics that COULD be discussed re: Accenture's eBusiness work for Enron ...(next week, in Houston)

Accenture has done some work for us defining the 21st century credit process to support the online business environment.....not sure if they would add value here but we certainly would like Enron Credit discussed in the article if possible....

thanks
---------------------- Forwarded by Bryan Seyfried/LON/ECT on 20/05/2001 15:18 ---------------------------

michael.r.sutcliff@accenture.com on 20/05/2001 20:05:55
To:	Bryan.Seyfried@enron.com
cc:

Subject:	ECONOMIST: Enron, Accenture - - any topics that COULD be discussed re: Accenture's eBusiness work for Enron ...(next week, in Houston)

Hello Bryan.  Please see the note below and let us know if there is any way
we can use this to the benefit of Enron Online.  If not, we'll simply not
talk to the reporter due to client confidentiality.

 Michael R. Sutcliff                          Direct: +44 (0) 208 844-5295

 Accenture                                    Mobile: +44 (0) 774 700-7667

 Finance & Performance Management Service            Octel & VPN: 43/45295
 Line

 London                                      michael.r.sutcliff@accenture.
                                                                       com

----- Forwarded by Michael R. Sutcliff on 05/20/2001 03:04 PM -----

            Darienne L. Dennis,
            New York City,               To:     Kenny W. Baldwin, Peggy A. Kostial@Accenture, Michael R.
            45/27760; (917)              Sutcliff@Accenture
            452-7760; Fax: (917)         cc:     neil_nowlin@dal.bm.com, stefan_batory@uk.bm.com, Kathleen L.
            527-5387                     Bellah, Heather K. Doyle, Dainty Duran, Roxanne Taylor, Shari K.
                                         Wenker@Accenture, Alka Shah@Accenture
            05/18/2001 11:48 AM          Subject:     ECONOMIST: Enron, Accenture - - any topics that COULD be
                                         discussed re: Accenture's eBusiness work for Enron ...(next week, in
                                         Houston)

Greetings,

I will try to clarify what I know re: the ECONOMIST's interest in Enron,
and possibly speaking with someone at Accenture:

- Vijay Vaitheeswaran, reporter for the ECONOMIST, will be visiting Houston
next Monday-Wednesday; he leaves London this weekend for the States.

- he is doing 'an indepth' story on Enron, particularly interested in their
eBusiness operations;  he has been told that Accenture has worked on
different programs at/for Enron in general (NO MENTION OF SPECIFIC
PROJECTS!!!), that we are trying to ID what might be appropriate for the
reporter's needs .... and that we need more specific details from Vijay, to
nail down the right partner.

- Vijay has said only that he'd like to talk to someone who has worked on
Accenture's eBusiness work for Enron, to find out how Accenture has helped
Enron to maximize those ebusiness capabilities.

- would also like to discuss Accenture work around eBusiness in general

NOW, given sensitivities of the nondisclosure agreements around some of the
projects Accenture is currently working on w/Enron:

     1.  IS there anything that Accenture can tell this reporter about
eBusiness, without endangering the Enron relationship?  What would the
topics be?

     2. IF WE decide to participate, who would be the best Accenture
partner to be interviewed?  Peggy?  Kenny?  Jeff S.?

     3.  DOES ENRON approve of our speaking with the ECONOMIST?  (certainly
if they are talking with him, this could be an opportunity for us to
support, echo and otherwise fortify Enron's message points in this area - -
I look to Kenny and Peggy for guidance here).

Messages have been left with Vijay, asking for more specific information.
I will follow up with him as directly as I can on Monday;  since Vijay with
be in the US, he should now deal with me and/or Neil Nowlin, my media
relations colleague based in the Dallas office of BursonMarsteller
(Accenture's PR counsel).

I've attached some background info on Vijay (see below);

I look forward to your thoughts and comments.

Cheers
Darienne

Director, Media Relations/Resources
New York City

BACKGROUND BIO INFO ON Vijay Vaitheeswaran:

Vijay Vaitheeswaran
The Economist

Vijay Vaitheeswaran covers oil for The Economist magazine in London.  He
earned a B.S. in mechanical engineering from M.I.T. and recently was
honored with The British Energy Award for the Best Public Utility
Submission at the 2001 Business Journalist of the Year Awards.
(The awards are supported by the Corporation of London, the Confederation
of British Industry, the London Chamber of Commerce and Industry and the
Chartered Institute of Bankers, sponsored by
industry, and judged by prominent journalists, and representatives of
non-profit institutions.)
Eight years ago, the former New Yorker went to work at a new job in London.
He is now as much a fixture at The Economist as the clunky old Atex system.
Vijay is a former mechanical engineer turned brand manager at Procter &
Gamble turned reporter. In 1994, The Economist sent him out to Mexico to
open its first bureau in Latin America. He returned in 1998 with a tan, a
stash of tequila and fine cigars, and a very bad attitude about frigid
England.
He's gotten over it, and just recently took on the global environment
energy beat, with responsibility for topics ranging from the obvious to
agriculture, mining and commodities, as well as the impact of all of these
things on economic development.

Here's a link to his most recent article in The Economist
A brighter future?
The Economist, Feb 8th 2001
By Vijay Vaitheeswaran

http://economist.com/displayStory.cfm?Story_ID=497405&CFID=2201824&CFTOKEN=35970405
For the better part of a century, governments the world over have been
running the power business as a command-and-control monopoly. Even in
free-market America, most people have been getting their power from stodgy
local utilities unencumbered by competition. This method has its merits:
most of the rich world is now wired up. But it conspicuously failed in the
developing countries, where over 2 billion people still have no access to
electricity. And now, as concerns about the reliability and
cleanliness of grid power grow, its limitations are becoming more apparent
in the industrial world, too.

This message is for the designated recipient only and may contain
privileged or confidential information.  If you have received it in error,
please notify the sender immediately and delete the original.  Any other
use of the email by you is prohibited.

<Embedded Picture (Device Independent Bitmap)>