We will be having the rest of the polish sausage ,ham  sandwiches,deserts and
any thing else left over from Christmas.  I just like those double bakes
potatoes,  Have not had any since last Christmas. What time are you leaving on
Christmas?  Why don't you stay an extra day?  Work will always be there, and
maybe, just maybe Joanie might show up.  Make sure dad doesn't go home early
just to see Joanie.  Tell dad to tell Joanie, if she comes in Christmas day,
that everybody is at my house.  I will tell dad the same thing.  Make sure you
invite the Orsi's over.  Larry was a lot of fun last year.

Jane.M.Tholt@enron.com wrote:

> are we having snadwiches on xmas day
>
>     -----Original Message-----
>    From:   John Maliszewski <jmalisz@qwest.com>@ENRON
>    Sent:   Tuesday, November 20, 2001 8:40 AM
>    To:     Tholt, Jane M.
>    Subject:  Re: Thanksgiving
>
>    What time do you think we should start?  Don't forget to make enough
>    double
>    baked potatoes for 2 days.
>
>    Jane.M.Tholt@enron.com wrote:
>
>    > No-really-the menu is not that big of a deal-the most important thing
>    to me
>    > is that we all share Christmas together.  We can eat weinies for all I
>    > care.
>    >
>    >     -----Original Message-----
>    >    From:   John Maliszewski <jmalisz@qwest.com>@ENRON
>    >    Sent:   Monday, November 19, 2001 3:20 PM
>    >    To:     Tholt, Jane M.
>    >    Subject:  Re: Thanksgiving
>    >
>    >    Sounds like you want to make a suggestion.  What is it?
>    >
>    >    Jane.M.Tholt@enron.com wrote:
>    >
>    >    > I'm easy-the menu is fine-you guys can also talk it over at
>    >    Thanksgiving
>    >    >
>    >    >     -----Original Message-----
>    >    >    From:   John Maliszewski <jmalisz@qwest.com>@ENRON
>    >    >    Sent:   Monday, November 19, 2001 2:41 PM
>    >    >    To:     Tholt, Jane M.
>    >    >    Subject:  Re: Thanksgiving
>    >    >
>    >    >    Yes, nothing is set in stone.  I really have not discussed the
>    menu
>    >    with
>    >    >    anybody.  What would you perfer?
>    >    >
>    >    >    Jane.M.Tholt@enron.com wrote:
>    >    >
>    >    >    > does it matter
>    >    >    >
>    >    >    >     -----Original Message-----
>    >    >    >    From:   John Maliszewski <jmalisz@qwest.com>@ENRON
>    >    >    >    Sent:   Monday, November 19, 2001 1:58 PM
>    >    >    >    To:     Tholt, Jane M.
>    >    >    >    Subject:  Re: Thanksgiving
>    >    >    >
>    >    >    >    Thanks-  Do you like my menu for Christmas?
>    >    >    >
>    >    >    >    Jane.M.Tholt@enron.com wrote:
>    >    >    >
>    >    >    >    > will bring you back some cajun chef at Chistmas
>    >    >    >    >
>    >    >    >    >     -----Original Message-----
>    >    >    >    >    From:   John Maliszewski <jmalisz@qwest.com>@ENRON
>    >    >    >    >    Sent:   Monday, November 19, 2001 11:42 AM
>    >    >    >    >    To:     Tholt, Jane M.
>    >    >    >    >    Subject:  Re: Thanksgiving
>    >    >    >    >
>    >    >    >    >    I like to make my own chili.  I load it up with
>    beans,
>    >    Sue
>    >    >    uses
>    >    >    >    pork and
>    >    >    >    >    beans(it's O.K.), but I like the beans mom used to
>    use.
>    >    I
>    >    >    was
>    >    >    >    told I
>    >    >    >    >    needed
>    >    >    >    >    to put a little more kick into my chili, so I
>    figured
>    >    that I
>    >    >    would
>    >    >    >    ask
>    >    >    >    >    the
>    >    >    >    >    best-JOE.
>    >    >    >    >
>    >    >    >    >    Hey, for Christmas, I will provide the Ham and all
>    the
>    >    >    >    >    beer,wine,pop,liquor,
>    >    >    >    >    pie,chips , nuts and bread. I will have Amy make
>    some
>    >    >    barbacued
>    >    >    >    weiners.
>    >    >    >    >    I will
>    >    >    >    >    need you to make double baked potatoes. I will have
>    Jean
>    >    bring
>    >    >    the
>    >    >    >    >    polish
>    >    >    >    >    sausage and corn/greenbeans.  I may get some
>    sourerkraut
>    >    and
>    >    >    >    dumplins
>    >    >    >    >    from
>    >    >    >    >    Stoysich also.  I will tell dad that he can pay for
>    the
>    >    ham.
>    >    >    >    >    I will have Joey bring a relish trey  and some
>    lasagne.(
>    >    I
>    >    >    thought
>    >    >    >    it
>    >    >    >    >    was
>    >    >    >    >    pretty good)
>    >    >    >    >    Do we need anything else? We are all off on that
>    day, so
>    >    we
>    >    >    can
>    >    >    >    start
>    >    >    >    >    the party
>    >    >    >    >    as early as 3P.M. or earlier if you think, my guess
>    is
>    >    that
>    >    >    you
>    >    >    >    will be
>    >    >    >    >    at the
>    >    >    >    >    casino that morning. Please advise.
>    >    >    >    >
>    >    >    >    >    Jane.M.Tholt@enron.com wrote:
>    >    >    >    >
>    >    >    >    >    > since when do you cook-Ithought Sue did everything
>    >    >    >    >    >
>    >    >    >    >    >     -----Original Message-----
>    >    >    >    >    >    From:   "John Maliszewski" <jmalisz@qwest.com>
>    @ENRON
>    >    >    >    >    >    Sent:   Thursday, November 15, 2001 2:14 PM
>    >    >    >    >    >    To:     Tholt, Jane M.
>    >    >    >    >    >    Subject:  Re: Thanksgiving
>    >    >    >    >    >
>    >    >    >    >    >    I need his recipe. We had a chili cookoff and I
>    made
>    >    my
>    >    >    own
>    >    >    >    chili
>    >    >    >    >    and
>    >    >    >    >    >    came in
>    >    >    >    >    >    3rd out of 5 people.  I beat 2 women, but My
>    chili
>    >    was
>    >    >    not
>    >    >    >    spicey
>    >    >    >    >    >    enough.
>    >    >    >    >    >
>    >    >    >    >    >    Jane.M.Tholt@enron.com wrote:
>    >    >    >    >    >
>    >    >    >    >    >    > Cajun Chef-can only get it here.  Too bad.
>    >    >    >    >    >    >
>    >    >    >    >    >    >     -----Original Message-----
>    >    >    >    >    >    >    From:   "John Maliszewski"
>    <jmalisz@qwest.com>
>    >    @ENRON
>    >    >    >    >    >    >    Sent:   Thursday, November 15, 2001 1:33
>    PM
>    >    >    >    >    >    >    To:     Tholt, Jane M.
>    >    >    >    >    >    >    Subject:  Re: Thanksgiving
>    >    >    >    >    >    >
>    >    >    >    >    >    >    You mean the stuff you buy or the gas that
>    >    comes out
>    >    >    of
>    >    >    >    my
>    >    >    >    >    butt
>    >    >    >    >    >    after I
>    >    >    >    >    >    >    make chili.  Speaking of chili, what does
>    Joe
>    >    put in
>    >    >    his
>    >    >    >    to
>    >    >    >    >    spice
>    >    >    >    >    >    it up.
>    >    >    >    >    >    >
>    >    >    >    >    >    >    Jane.M.Tholt@enron.com wrote:
>    >    >    >    >    >    >
>    >    >    >    >    >    >    > All the gas stocks getting hammered.
>    Natural
>    >    gas
>    >    >    is
>    >    >    >    >    bursting at
>    >    >    >    >    >    the
>    >    >    >    >    >    >    seams.
>    >    >    >    >    >    >    > Your bill should go way down
>    >    >    >    >    >    >    >
>    >    >    >    >    >    >    >     -----Original Message-----
>    >    >    >    >    >    >    >    From:   "John Maliszewski"
>    >    <jmalisz@qwest.com>
>    >    >    @ENRON
>    >    >    >    >    >    >    >    Sent:   Thursday, November 15, 2001
>    12:19
>    >    PM
>    >    >    >    >    >    >    >    To:     Tholt, Jane M.
>    >    >    >    >    >    >    >    Subject:  Thanksgiving
>    >    >    >    >    >    >    >
>    >    >    >    >    >    >    >    I ordered the pies for our big
>    >    Thanksgiving day
>    >    >    >    feast at
>    >    >    >    >    >    Jeanies.
>    >    >    >    >    >    >    Wish
>    >    >    >    >    >    >    >    you could be there.  Dad is bringing
>    the
>    >    beer,
>    >    >    he
>    >    >    >    said
>    >    >    >    >    one  12
>    >    >    >    >    >    pack
>    >    >    >    >    >    >    >    would do, I told him to bring a case,
>    just
>    >    in
>    >    >    case
>    >    >    >    >    someone
>    >    >    >    >    >    wants
>    >    >    >    >    >    >    more
>    >    >    >    >    >    >    >    that one can. I know that Joan is not
>    >    coming to
>    >    >    >    dinner.
>    >    >    >    >    >    Should we
>    >    >    >    >    >    >    >    invite her to Christmas or wait for
>    her to
>    >    >    call.
>    >    >    >    If
>    >    >    >    >    you
>    >    >    >    >    >    ever
>    >    >    >    >    >    >    talk to
>    >    >    >    >    >    >    >    her, you may want to mention that her
>    >    father is
>    >    >    >    still
>    >    >    >    >    alive
>    >    >    >    >    >    and
>    >    >    >    >    >    >    lives in
>    >    >    >    >    >    >    >    the same house that she was raised
>    in.  I
>    >    hope
>    >    >    she
>    >    >    >    comes
>    >    >    >    >    for
>    >    >    >    >    >    >    Christmas.
>    >    >    >    >    >    >    >    If she doesn't, I doubt that I will
>    ever
>    >    invite
>    >    >    to
>    >    >    >    >    anything
>    >    >    >    >    >    again.
>    >    >    >    >    >    >    But
>    >    >    >    >    >    >    >    that is that fucking Links "better
>    that
>    >    >    everybody
>    >    >    >    >    >    else"attitude.
>    >    >    >    >    >    >    I
>    >    >    >    >    >    >    >    might just turn that sideways and
>    stick it
>    >    up
>    >    >    his
>    >    >    >    German
>    >    >    >    >    ass.
>    >    >    >    >    >    Hey
>    >    >    >    >    >    >    our
>    >    >    >    >    >    >    >    stock is going up, how bout yours?
>    >    >    >    >    >    >    >
>    >    >    >    >    >    >    >
>    >    >    >    >    >
>    >    >    >    >
>    >    >    >
>    >    >
>    >
>    **********************************************************************
>    >    >    >    >    >    >    > This e-mail is the property of Enron
>    Corp.
>    >    and/or
>    >    >    its
>    >    >    >    >    relevant
>    >    >    >    >    >    >    affiliate and may contain confidential and
>    >    >    privileged
>    >    >    >    material
>    >    >    >    >    for
>    >    >    >    >    >    the
>    >    >    >    >    >    >    sole use of the intended recipient (s).
>    Any
>    >    review,
>    >    >    use,
>    >    >    >    >    >    distribution or
>    >    >    >    >    >    >    disclosure by others is strictly
>    prohibited. If
>    >    you
>    >    >    are
>    >    >    >    not
>    >    >    >    >    the
>    >    >    >    >    >    intended
>    >    >    >    >    >    >    recipient (or authorized to receive for
>    the
>    >    >    recipient),
>    >    >    >    please
>    >    >    >    >    >    contact
>    >    >    >    >    >    >    the sender or reply to Enron Corp. at
>    >    >    >    >    >    >    enron.messaging.administration@enron.com
>    and
>    >    delete
>    >    >    all
>    >    >    >    copies
>    >    >    >    >    of
>    >    >    >    >    >    the
>    >    >    >    >    >    >    message. This e-mail (and any attachments
>    >    hereto)
>    >    >    are not
>    >    >    >    >    intended
>    >    >    >    >    >    to be
>    >    >    >    >    >    >    an offer (or an acceptance) and do not
>    create
>    >    or
>    >    >    evidence
>    >    >    >    a
>    >    >    >    >    binding
>    >    >    >    >    >    and
>    >    >    >    >    >    >    enforceable contract between Enron Corp.
>    (or
>    >    any of
>    >    >    its
>    >    >    >    >    affiliates)
>    >    >    >    >    >    and
>    >    >    >    >    >    >    the intended recipient or any other party,
>    and
>    >    may
>    >    >    not be
>    >    >    >    >    relied on
>    >    >    >    >    >    by
>    >    >    >    >    >    >    anyone as the basis of a contract by
>    estoppel
>    >    or
>    >    >    >    otherwise.
>    >    >    >    >    Thank
>    >    >    >    >    >    you.
>    >    >    >    >    >    >    >
>    >    >    >    >    >
>    >    >    >    >
>    >    >    >
>    >    >
>    >
>    **********************************************************************


Atta boy. Probably a good choice. Your girl okay with it?  GHG is a snoozer. Go ahead and call your boy. Tell him we're checking on some things.
 Trevor Woods

-----Original Message-----
From: Taylor, Michael E <Michael.E.Taylor@ENRON.com>
To: Woods, Trevor <Trevor.Woods@ENRON.com>
Sent: Tue Nov 20 09:30:38 2001
Subject: RE:

I just got back from the greenhouse gas meeting.  The meeting was good. But you will be retired before that program is worth anything as far as a good trading program is concerned.

John, said he talked with you on the phone about the b-plan.  I added a table of contents, and if John gives me anything to add I will.

I am going home (LA) tomorrow so I might work half a day.

-----Original Message-----
From: Woods, Trevor
Sent: Tuesday, November 20, 2001 9:25 AM
To: Taylor, Michael E
Subject: RE:

Nah. I'm gonna keep it my little secret.
 Trevor Woods

-----Original Message-----
From: Taylor, Michael E <Michael.E.Taylor@ENRON.com>
To: Woods, Trevor <Trevor.Woods@ENRON.com>
Sent: Tue Nov 20 09:22:09 2001
Subject: RE:

Just to keep up good relations.  I told him we would get back with him.  Please let me know if you do not call him.

-----Original Message-----
From: Woods, Trevor
Sent: Tuesday, November 20, 2001 8:44 AM
To: Taylor, Michael E
Subject: RE:

I suppose. Nothing to tell him though.
 Trevor Woods

-----Original Message-----
From: Taylor, Michael E <Michael.E.Taylor@ENRON.com>
To: Woods, Trevor <Trevor.Woods@ENRON.com>
Sent: Tue Nov 20 07:37:23 2001
Subject: RE:

I put it in my original message below.  It is 832-496-0123.  Tom Hartman with San Joaquin Power. I imagine a natural.  Are you going to call him today?

-----Original Message-----
From: Woods, Trevor
Sent: Monday, November 19, 2001 6:15 PM
To: Taylor, Michael E
Subject: RE:

Is he a broker or a natural?  I've heard about the company through cantor. He's not going anywhere.  Everyone says they want to move fast then the jack around. You got his number?
 Trevor Woods

-----Original Message-----
From: Taylor, Michael E <Michael.E.Taylor@ENRON.com>
To: Woods, Trevor <Trevor.Woods@ENRON.com>
Sent: Mon Nov 19 17:06:19 2001
Subject: RE:

I didn't want to talk price with him.  He saw our ERCs (that we just sold for $15,000) on website and called Kevin's line.  I was told to pick up the phone.  I told him somebody would call him back.  Either you or I would if you didn't want to call him.  He wanted to move fast, and he mentioned he used brokers in the past.

If none are out, I think we should call and tell him.

-----Original Message-----
From: Woods, Trevor
Sent: Monday, November 19, 2001 4:00 PM
To: Taylor, Michael E
Subject: RE:

Who is that and how do you know him?  I haven't seen any come on since we sold some. What was his bid?
 Trevor Woods

-----Original Message-----
From: Taylor, Michael E <Michael.E.Taylor@ENRON.com>
To: Woods, Trevor <Trevor.Woods@ENRON.com>
CC: Massey II, John <John.Massey@ENRON.com>
Sent: Mon Nov 19 15:56:46 2001
Subject: RE:

I just spoke with Tom Hartman of San Joaquin Power.  He wants up to 20 HGA NOx ERCS.  I told him I would have to check.  He wants to move quickly.  His number is 832-496-0123.  I know we do not have any, but I wanted to see if an arb was possible before we tell him we do not have any.


Here are the FERC presentations.  The first one is Tim's.  It corrects some
information in my presentation.  For example, Tim's presentation corrects the
hydro generation numbers to reflect the fact that not all hydro capacity
equates with hydro energy, if there isn't sufficient water to produce it.  My
presentation includes more verbal explanations.  Cooper and Alan - does any
of the data in these presentations need to be updated?

From: Steven J Kean@ENRON on 11/07/2000 08:59 AM CST
To: Paul Kaufman/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Susan J
Mara/SFO/EES@EES, Sandra McCubbin/NA/Enron@Enron, David Parquet/SF/ECT@ECT,
Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, James D
Steffes/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, Peggy
Mahoney/HOU/EES@EES
cc:
Subject:

I will be on the first panel of the FERC California conference on Thursday.
The format allows a 5 min presentation and then 60 min of Q&A.  I need your
help to make sure I have "Gore-like" command of the details.  Please help
with the following information:
Enron project information (Parquet/McCubbin) -- please give me any
presentations or summaries you have on the generation, or firm purchases, we
have under way (or planned).  I'll talk with you to find out what we are
comfortable disclosing but please err on the side of giving whatever
information you have.
Updated Belden presentation (Hain/Belden) -- I believe the latest information
was as of August; I think some of the information on the cost of peaking
facilities is particularly eye-opening on the price cap issue.
Comparison to PJM (Hartsoe/Novosel) -- Is the information we are seeking from
the ISO and PX similar to information PJM already provides?  If so, it would
be nice to tie our requests back to something the Commission has already
approved.
Cancelled DSM projects (Mahoney) -- Again, I'll only use what we feel
comfortable with, but it would help make our point if we can give examples of
how price caps backfire when it comes to encouraging conservation.
ISO/PX reports (Dasovich).  I have the ISO market surveillance report.  Is
there another ISO report?  If so, please get me a copy and provide a copy of
the PX report too.
CEC/Proposed generation update (Mara/Parquet) -- Need the basic information:
proposed, waiting for permitting; how much/little the legislation did to
expedite siting (ie are we still comfortable saying that it applies to less
than 10%)?
Soft cap(Belden/Hain) -- need a crisp explanation of why the "soft" nature of
the cap is not sufficient.  Also, would we be OK if the Commission revised it
to say that bids can be taken above 150 without special filing or reporting
requirements, but those bids will be accepted at the price bid rather than
applying to all lower bids as well (ie the highest bid at or below 150 clears
the market, bids above 150 accepted at price bid as needed)?
Offers we have made/deals done (Parquet/Dasovich/ Mccubbin) -- Roseville plus
any others, offer made to SDG&E -- I want to make the point that the market
will provide solutions (below the retail price cap) if we get the utility
(and the regulators) out of the merchant function.
Herding the cats(Hartsoe/mccubbin/mara/dasovich):  We are asking FERC to be
courageous, do the right thing and ignore the politics.  To be even halfway
credible, we can't have IEP, EPSA, Dynegy or anyone else "squishing" on the
price cap issue..  We have never been closer to reform in California, we need
these guys on board.
Thanks.


re: Coal fired plant we discussed with Mitch and John.
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/05/2001 03:58
PM ---------------------------

John Moore
04/04/2001 10:27 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: BPUB LOI

Kay,

I fiddled a little with the BPUB LOI.  You can see the redlined changes in
the attached document.  Kathleen FEDEX'ed two CA orginals to BPUB yesterday
evening and the plan is for them to sign the CA today, I will then email a
clean LOI to BPUB and to their outside counsel, Davidson, in
San Antonio.

JMoore


Please see the attached article:


Effective immediately, Joe Jeffers, Manager of Technical Training and Skill
Based Pay Administration, and his team of Dick Heitman, Cliff McPherson,
Andrea Woody and Lupi Trevino will move from ETS Human Resources to ETS
Operations Technical Services.  Joe will report to Steve Klimesh.

This move will better align Technical Training and SBP Administration with
Operations and enhance the interfaces that take place between this group and
ETS Operations management and the field teams.

Joe and his team have provided outstanding support to Operations in the past,
and it is expected that this high standard of customer service will
continue.  We will be sending more information in the very near future with
regard to the individual support accountabilities of the team members.

Please join me in welcoming this team and helping to make their transition a
smooth one.


ClickAtHome Pilot Three Members!

We hope your experience with the Clickathome ordering website and vendors has
been exciting and fun for you!  We need your feedback to determine next steps
of the program.  Please take 5 minutes to fill out the first of three
surveys. Your feedback is critical to the successful launch of this program
in the next few months.  Please complete the survey by clicking on the link
below by Monday, February 5th.

http://etcsurvey.corp.enron.com/wi/p0304201/i.asp?r=736&s=OFBOGAKC&l=9

Thanks.

Clickathome project team


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/13/2001
09:31 PM ---------------------------

Vince J Kaminski
04/13/2001 02:52 PM
To: kaminski@aol.com
cc:
Subject: Btu Weekly

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/13/2001
08:53 AM ---------------------------

"Btu" <subs@btu.net> on 04/12/2001 04:34:20 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

 - wg041601.pdf


I'll contact you on my arrival in Boston.  My cell phone number is
650-814-8635

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Wednesday, June 06, 2001 3:02 PM
To: wbalson@opt4.com
Subject: RE: Boston

Bill,

I shall wait for you in my room after 6. Please, give me a call when you
arrive.
My cell phone number is 713 410 5396. We can go out and find
a place to have dinner.

Vince

    -----Original Message-----
   From:   William Balson <wbalson@opt4.com>@ENRON

[mailto:IMCEANOTES-William+20Balson+20+3Cwbalson+40opt4+2Ecom+3E+40ENRON@ENR
ON.com]

   Sent:   Wednesday, June 06, 2001 11:37 AM
   To:     Kaminski, Vince J
   Cc:     Crenshaw, Shirley; vkaminski@aol.com
   Subject:  RE: Boston

   My flight (UA 160) arrives in Boston at 4:43pm, and I should be at the
   hotel
   by 6pm.  We can plan on any time after that.  Would you prefer to have
   dinner at the hotel or go elsewhere?

   -----Original Message-----
   From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
   Sent: Tuesday, June 05, 2001 2:58 PM
   To: wbalson@opt4.com
   Cc: Shirley.Crenshaw@enron.com; Vince.J.Kaminski@enron.com;
   vkaminski@aol.com
   Subject: RE: Boston

   Bill,

   I shall be glad to meet you for dinner on Monday in Boston.

   Vince

       -----Original Message-----
      From:   William Balson <wbalson@opt4.com>@ENRON

[mailto:IMCEANOTES-William+20Balson+20+3Cwbalson+40opt4+2Ecom+3E+40ENRON@ENR
   ON.com]

      Sent:   Monday, June 04, 2001 12:53 PM
      To:     Kaminski, Vince J
      Subject:  RE: Boston

      Opt4 is currently interviewing for two software engineering
   positions.
      Our
      needs currently center on Java and integrating Java with Oracle,
      WebLogic,
      and XML.  Your son looks like he may have background in those
   specific
      frameworks, but I couldn't be entirely sure. We have integration
   needs
      in a
      few proprietary interfaces also, so a general capacity to learn new
      interfaces quickly is a priority for us.  I'll get our job
   descriptions
      and
      forward them to you.  Additionally, we do our risk analytics in
      Mathematica
      (for the time being), but we have a full team.  If you son's work
   took
      him
      into Mathematica as a framework for crypto, I would be interested in
   his
      ability to interface Java and mathematica.  We find few people who
   know
      how
      to do this right.  I also know one of the key storage system
   designers
      at
      IBM in San Jose.  (He was a key inventor in IBM's CompactFlash micro
      hard
      drive.)  Your son's prior work in storage systems may be relevant to
      him.

      Can you meet for dinner Monday or Wednesday night in Boston?

      -----Original Message-----
      From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
      Sent: Monday, June 04, 2001 10:33 AM
      To: wbalson@opt4.com
      Subject: RE: Boston

      Bill,

      Yes, I am coming to Boston.
      Look forward to meeting you there.
      My son has not made any decision yet.
      I am enclosing his resume: please, let
      me know what you think.

      Vince

      (See attached file: Vince.A.Kaminski.pdf)

          -----Original Message-----
         From:   William Balson <wbalson@opt4.com>@ENRON

[mailto:IMCEANOTES-William+20Balson+20+3Cwbalson+40opt4+2Ecom+3E+40ENRON@ENR
      ON.com]

         Sent:   Monday, June 04, 2001 12:18 PM
         To:     'vkamins@enron.com'
         Subject:  Boston

         Hi Vince -
         I wanted to check on a couple of items following our discussions
      earlier
         this year: 1) has your son decided where he will work? and 2) will
      you
         be in
         Boston for the Risk 2001 conference?
         Development is moving along at a good pace here at Opt4.
         Best regards,
         Bill Balson


ouch.  will do.  I'll get you what i can as soon as i can.

best,
Jeff

	Shelley Corman/ENRON@enronXgate
	07/26/2001 12:46 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: RE: Transwestern Hearing

Along with the TW order setting a hearing, the FERC has also imposed new
reporting requirements for deliveries starting August 1.  The questions ask
TW to provide daily nominated, scheduled and delivered at Cal. border
points.  I think this data will lead FERC to further ask about why the
scheduled number is so often below the nominated and I want to be prepared to
explain the window process.  With Jeff Fawcett and Julia White both gone, I
guess I draw the lucky straw of explaining this.

Any info that you can forward in the next week or two would be appreciated.

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Thursday, July 26, 2001 12:43 PM
To: Corman, Shelley
Subject: RE: Transwestern Hearing

i think that i can get you something.  how quickly do you need it?

best,
jeff

	Shelley Corman/ENRON@enronXgate 07/26/2001 12:28 PM 	   To: Jeff
Dasovich/NA/Enron@Enron  cc:   Subject: RE: Transwestern Hearing

Do you have any materials that describe SoCal's current windowing procedure?


It is going out today.

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


I've renegotiated the 400,000 MMBtu/day supply area deal on NGPL.  The
primary delivery points have not changed. The new (receipt) paths, volumes
and rates are below.  I'll forward the actual receipt points along with the
amended contract once complete.  Essentially, this new structure
significantly reduces our commodity costs to points west of 346 and slightly
reduces (50%) commodity costs east of 346.  Please remember that secondary
deliveries to points east of 346 (with the exception of Sonat Erath) still
include a volumetric (demand) adder $0.02 Dth for STX receipts and $0.025 for
all other receipts.   Deliveries to Sonat Erath will be an additional $0.02
MMbtu.  Let me know if you have any issues ASAP.  I want to make this
effective August 1.

East of 346

chris
x31666


FYI

Vince

P.S.  Rita, Please, cc Shirley on all my msgs.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/10/2001
05:11 PM ---------------------------

	Enron North America Corp.

	From:  Rita Hennessy @ ENRON                           01/10/2001 11:37 AM

To: James Hachen/NA/Enron@Enron, Vince J Kaminski/HOU/ECT@ECT, Osman
Sezgen/HOU/EES@EES, Tanya .Tamarchenko@enron.com, David.Roberts@enron.com,
lpederse@enron.com, Naveen Andrews/Corp/Enron@ENRON, Vladimir
Gorny/HOU/ECT@ECT, David Port/Market Risk/Corp/Enron@ENRON, Sheila
Pardo/HOU/EES@EES
cc: Araceli Romero/NA/Enron@Enron
Subject: Re-Schedule - Meeting - EAM VaR

NOTE: The day and time has changed.

Please put the following meeting on your calendars: NOTE: The day and time
has changed

Subject: EAM VaR
Date:  Wednesday, January 17, 2001
Time:  1:00pm - 2:00pm
Place:  EB2868

Thanks,
Rita
33075

	From:  Rita Hennessy                           01/09/2001 10:59 AM

To: Sheila Pardo/HOU/EES@EES
cc:

Subject: Meeting - EAM VaR

---------------------- Forwarded by Rita Hennessy/NA/Enron on 01/09/2001
10:58 AM ---------------------------

	From:  Rita Hennessy                           01/09/2001 10:50 AM

To: Tanya.Tamarchenko@enron.com, David.Roberts@enron.com
cc:

Subject: Meeting - EAM VaR

---------------------- Forwarded by Rita Hennessy/NA/Enron on 01/09/2001
10:48 AM ---------------------------

	From:  Rita Hennessy                           01/09/2001 10:33 AM

To: James Hachen/NA/Enron@Enron, Vince J Kaminski/HOU/ECT@ECT, Osman
Sezgen/HOU/EES@EES, Tanya .Tamarchenko@enron.com, David.Roberts@enron.com,
lpederse@enron.com, Naveen Andrews/Corp/Enron@ENRON, Vladimir
Gorny/HOU/ECT@ECT, David Port/Market Risk/Corp/Enron@ENRON
cc: Araceli Romero/NA/Enron@Enron

Subject: Meeting - EAM VaR

Please put the following meeting on your calendars:

Subject: EAM VaR
Date:  Tuesday, January 16, 2001
Time:  9:00am - 10:00am
Place:  EB2868

Please advise if there is a conflict.

Thanks,
Rita
33075


Last month you received an email about enrolling in the Enron PAC.  The
response has been positive.
Thank you to those of you that have already enrolled or made a change to your
current contribution!
If you have not had an opportunity to visit the enrollment site, please
consider taking a moment to do so.  The link to the website is at the end of
this message.

 Some of you may have experienced problems launching the site or enrolling.
We apologize for any trouble that you may have had.  The enrollment works
best in either Internet Explorer or Netscape.  The most frequent problems
were a result of the Lotus Notes web browser that many employees have
installed as a default browser.  If this is your case, please copy and paste
the link at the end of this message into either Internet Explorer or Netscape.

As a reminder - Following is the original message regarding the PAC
enrollment:

Last year the Enron Political Action Committee (PAC) launched a campaign to
become a "million dollar PAC".  Enron employees, who provide all of the
funding for the PAC, responded and the Enron PAC reached its objective,
becoming one of the largest corporate PACs.  This year we face a new
challenge.  With the sale of EOG, the announced sale of PGE and normal
employee turnover, we have lost a significant number of consistent
contributors.  We are seeking your support.  If you are not a member, please
join.  If you are a member, we hope you will consider increasing your
contribution.

The Enron PAC is an essential tool in our effort to promote sound public
policy.  Our PAC funds support local, state and federal candidates, of both
parties, who support open markets, deregulation and customer choice.  Amounts
contributed may be used to make political contributions in connection with
federal and state elections and are subject to the limits of the Federal
Election Campaign Act.  While our PAC has grown thanks to our employee
contributions, it still generates just a fraction of the expenditures of
those who oppose these ideals.

This year, as always, we face challenges and opportunities for every one of
our businesses, including such issues as taxation and regulation of
e-commerce, electric industry restructuring, regulation of derivatives,
international trade and investment legislation, pipeline safety, local and
state decisions affecting the siting and interconnection of power plants and
a variety of environmental and tax issues.  Enron has a long and successful
track record of supporting and advancing good public policy.  That track
record depends on access to and regular communication with, decision makers.
The PAC provides that access - - it shows policy makers that real voters care
about what they are doing.

One of the best things about Enron is that we don,t just take things as they
are.  We challenge the status quo.  We ask why.  We change things.  The PAC
helps us do that.  We need you to help the PAC.  Sign up today ) and please
consider the following contribution guidelines:

Manager    $500/year
Director     $750/year
Sr. Director/General Manager  $1,000/year
Vice President    $2,500/year
Sr. VP/Managing Director  $3,500/year
Executive Committee   $5,000/year

All contributions are voluntary and these guidelines are merely suggestions.
You are free to contribute more or less than the guidelines suggested and
Enron will not favor or disadvantage anyone by reason of the amount of their
contribution or their decision not to contribute.  You may refuse to
contribute without fear of reprisal.

Only U.S. citizens and resident-aliens living in the U.S. can contribute to
the Enron PAC.  Amounts contributed may be used to make contributions in
connection with federal and state elections and are subject to the
limitations of the Federal Election Campaign Act.  The maximum contribution
is $5,000 per year per individual.  An individual may not contribute more
than $25,000 to all federal candidates and committees within a calendar
year.  The law requires that Enron report name, address, employer and
occupation for every person who contributes over $200/year.

No portion of any contribution is deductible as a charitable contribution for
federal income tax purposes.

Thanks for your support!  Sign up now, or revise your current contribution
level by connecting with the PAC intranet site:

 http://pacmembers.enron.com


Phillip - sorry for such a late response but I have been on vacation.  I looked up the books mentioned below and the INTRA-CENTRAL-PHY book is active.  I do not see the INTRA-EAST-PHY book in risktrac.  Please let me know if I need to create additional books.

Thanks,
Susan

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Wednesday, December 19, 2001 11:27 AM
To:	Trevino, Susan
Subject:	reactivate books

please reactivate/unarchive the following books - we are going to have to start calcing these today.  Intra-Central-Phy and Intra-East-Phy.  Thanks.
PL


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Top Stories (February 22)

CALIFORNIA GOVERNOR, UTILITIES EXPECTED TO MEET WEDNESDAY ON RESCUE PLAN
California Gov. Gray Davis is expected to meet Wednesday night with
executives of the state's three investor-owned utilities to negotiate a deal
to purchase the utilities transmission assets.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/22/eng-djn/eng-djn_002023_244_759925203398

WILLIAMS ANNOUNCES LONG-TERM POWER AGREEMENT WITH CALIFORNIA
A unit of Williams today announced a 10-year, fixed-price power agreement
with the California Department of Water Resources to provide up to 1,400
megawatts of much needed power to California.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
001/02/22/pr/0000-3477-ok-ca-williams-power

NYISO APPROVES PROCESS TO PREVENT POWER MARKET MANIPULATION
The operator of New York's bulk power grid said Thursday it approved a
process that will prevent manipulation of the day-ahead power market by
automatically reviewing and mitigating improper offers.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/22/eng-djn/eng-djn_210051_191_413916791789

FLORIDA UTILITY REGULATOR FORESEES NO POWER SHORTAGES
A move to deregulate Florida's electric industry hit a bump on Wednesday as
the state's top utility regulator told a Senate panel there is no power
shortage in the state and none is projected through the end of this decade.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/02/22/krtbn/0000-0106-FL-ENERGY

-ATLANTA'S SOUTHERN COMPANY TO INCREASE ELECTRIC-GENERATING CAPACITY IN
SOUTHEAST
Southern Co. outlined plans Tuesday to boost its electric generating capacity
in the Southeast by 20 percent during the next three years to avoid a
California-style power shortage.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/writersd
esk/2001/02/21/eng-powerm-000001/eng-powerm-000001_235550_160_375711333472

----------------------------------------------------------------------
DOW JONES NEWSWIRES
----------------------------------------------------------------------
Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

Texas PUC/Price Rules -2: Market Reaction Favorable

Wintry Weather Slams U.S. East Coast

PG&E Corp.'s NY Athens Power Plant Faces Permit Delays

Texas PUC Finalizes Electric "Price-to-Beat" Rules

Portland General Files $250M Debt Securities Shelf >ENE

NYPA, SilverCup To Enter Talks On Power Plant Dispute

NYISO Approves Process To Prevent Power Mkt Manipulation

US West Pwr Forwards Flat As Calif Lifts All Pwr Alerts

U.S. Nuclear Plants Said To Kill Endangered Species

Fujitsu, Dynegy Deal Gives Network Plenty Of Bandwidth

Portland Genl Has $119M Exposure To Calif Utilities>ENE

CORRECT: France-UK Elec Import Price Up To GBP40,640/MWh

RTE/UK-France -2: France-UK Price Hits GBP40,640/MWh

Telecom America's Venezuela Unit Wins 5th WLL License

Siemens Aims At Double-Digit Sales Growth In 2001 - CNBC

Philippines Napocor/Term Tenders-2:Lion's Share To Petron

ASIAN POWER: South Korean Vested Interests Slow Reform

Philippines Napocor Awards Gasoil, Fuel Oil Term Tenders

Calif Gov/Utils-2: Deal Must Include All Three Utils

Calif Gov, Utils Expected To Meet Wed On Rescue Plan

FREE TRIAL: For a free trial of the Dow Jones Energy Service go to
www.dowjonesnews.com, and click "create account," or call
1-800-223-2274.

----------------------------------------------------------------------
N A T I O N A L
----------------------------------------------------------------------
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Direct-methanol Fuel Cell Would Simplify Ballard's Smog-Free Power Source

Statement by Jan Smutny-Jones Executive Director of Independent Energy
Producers in Response to Senate Bill 47x

-Request for Proposals - Georgetown Divide Public Utility District
(Georgetown, California)

Power Crunch: Labor Groups Oppose Plant Sales

California Lifts All Power Alerts

The Energy Crunch: Utility Plans Power 'Buyback'

Bill Would Let Pud Be Partner for Power

Williams Announces Long-Term Power Agreement with California

California Downgrades Power Alert

Energy Group Calls for National Strategy

Federal Regulators Delay Discussion of Energy Penalties

Petroleum: OPEC Braces for Slump in Energy Demand

Gemini Energy Announces Year End Reserves

Power-One Announces Another Industry First: New 100 Amp Communications Power
Product; Smaller, More Powerful New Product to Target High-Growth
Communications Markets

California Utility Faces Lawsuit for Nonpayment

Delay in Electric Measure Backed

Environmental Groups Gear Up to Oppose Energy Bills

Tax Laws Reward Energy-Saving Investments

-IssueAlert for February 22, 2001

-Peace Software Appoints VP of New Business Development

Simple Model Helps Solve Problems of Fusion Power

Another Power Firm Licensed in State

Natural Gas Terminal Gets Go-Ahead

S&P: Primewest Energy Trust on Stability Watch Developing

Repeats: Energy Volume And Open Interest Totals-Feb 22

SCC Sets Schedule for Considering Dominion Virginia Power Functional
Separation Plan

Management`S Discussions: 10qsb, Wolverine Energy 1997-1998 Development
Program

Fuel Cell Technologies - New CFO

Fuel Cell Technologies - Issues Q4 Report

Energy Costs Ignite Consumer Price Index

Ferc Grants Certificate to Gulfstream Natural Gas System

Legislative Action -- of Sorts -- Likely on Energy

Energy Update/Los Angeles Department of Water And Power Daily Energy Update
for Thursday, Feb. 22, 2001

Scientech And Enporion Strategic Alliance Offers Power Industry Complete
Procurement Solutions

Energy Panel Oks Gulf-Fla. Pipeline

Viavid Broadcasting Inc: Eqquatorial Energy Inc - Equatorial Energy Inc. to
Appear on Vbc News1

Demarco Energy Systems - Large Regional Grocery Store Chain Selects Demarco
"Energy Miser" - Technology for Key Energy Savings Pilot Program

Bpa Solicits New Wind Power Projects

Power Lessons from California

Ashland Inc. Sells Remaining Shares of Arch Coal, Inc.

Hornet Energy Ltd - Normal Course Issuer Bid

Arch Coal Board Declares Quarterly Dividend

Donegal Authorizes Study of Potential Energy Savings

Sure Power's Redundant Architecture for Electricity Generation Ends Threat to
Data Centers, Web HotelsPatent-Pending System Offers Way Out for California,
Other Power Problems

Reward Your Effort with Special Programs for Energy-wise Home Improvements

Fitch Rts Chelan Pud's $200mm Hydro Consolid Sys Bonds `Aa'

Cbi's 4th Annual Managing Taxation; Structures And Negotiations for A
Competitive Energy Marketplace- Unbundling, Divestitures, Mergers And
Acquisitions

Mtc And Automated Energy, Inc. Announce Initial Installation of Mtc's Webfoot
Metering Solution Business Editors/High-Tech Writers

American Energy Services, Inc. Signs Mexican Representation Agreement with
Boots And Coots

Groups Release Landmark Report: How the Nuclear Power Industry Destroys
Endangered Marine Wildlife And Ocean Habitat to Save Money

Encal Energy Ltd - Releases 2000 Results

Fast-Track Plan to Build 32 Power Plants by July / Approval Process Would Be
Streamlined

Millennium Cell And Ballard Power Systems Reach First Milestone in Joint
Development Agreement

Lodestar Corporation's Transaction Management Hub Enables Customer Choice in
Texas; New Tool Oversees Entire Transaction Life Cycle And Facilitates
Communication Across the Energy Industry

Duke Energy North America Breaks Ground on New Merchant Power Generation
Facility in Maricopa County, Arizona

Florida Power Plants Cut 50 More Jobs

Regulators Approve Drop in Gas Rates for Missouri Gas Energy Customers

Plenty of Electricity in Michiana Aep, Consumers Energy Anticipate Peak
Summer Demand

Rates May Rise in 2003 Utilities Board Discusses Possible Electric Bill
Increase

Protecting Energy Users Bill's Purpose

Ocean Power Corporation And Eprisolutions Enter Into Agreement Regarding
Stirling Engines

Vermillion Gets Key Avista Energy Post

Are Power Sales Drain on Dwp?

Benton Pud Makes $900,000 Payment Toward Power Plant

Capitol Notebook: Bill Takes Aim at Natural Gas Costs

Advocates Of Wind And Other Renewable Power Back Preister Bills, Discuss
Report

----------------------------------------------------------------------
I N T E R N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-intr.htm

Electricity Wholesaler Mvm Signs 20-YEAR Purchase Agreement with French-
Owned Budapest Power Plant

French Edf/german Enbw Consortium Conclude Talks To Buy 35% of Rybnik Power
Plant

Pemex 4-Dollar Natural Gas Contracts Signed by 500 Companies

MPs Adopt Bill On Alternative Energy Sources in First Reading

Gemini Energy Announces Year End Reserves

3 Japanese Firms End Power Plant Project in Thailand

(Corrected) Chubu Electric to Train Indonesian Engineers

Fuel Cell Manufacturers Still Have to Earn Their Future

Gemini Energy Corp - Year End Reserves

Beijing to Construct Refuse Power Plant

Fujian Pacific Dedicates Unit 1 of Meizhou WAN Power Station

National Energy Board Approves Application for Proposed Chinchaga Sales Gas
Pipeline Loop

STOCKWATCH: British Energy boosted by positive comment on output recovery

Spokane Indians Change Game Times to Conserve Electricity6:30pm Starts Will
Reduce Energy Consumption by 20% to 25%

Poland agrees to sell Rybnik power plant to EdF and EnBW

Sydkraft sees further large acquisitions; FY energy sales hit by mild weather

Viridian sells Leeds based power generation ops for 4.9 mln stg

China-energy-coal

China-energy-power

China-power-company-profit

Aluar Awaits Power Contract to Confirm Suppliers - Argentina

Philippine Napocor 2000 energy sales down 2.79 pct

Power Failure Paralyses Northeast China Capital

Ballard Power Systems Inc - Ebara Ballard Unveils Engineering Prototype 1-Kw
Fuel Cell - Stationary Generator for Japanese Residential Market

AEC Announces "Significant" Natural Gas Discovery

Amur Region Mines Ship Additional Coal to Power Plants.

Lopez group willing to compromise over power sector reform bill

Baan: Fuji Electric Signs Agreement to Distribute Ibaan Solutions Throughout
Japan

----------------------------------------------------------------------
KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
Access stories online at http://www.powermarketers.com/pma-krt.htm

Parent of Tampa, Fla., Electric Utility to Sell Stock to Help Fund Growth

Palo Alto, Calif., Utility Predicts Large July Rate Hike

Energy Company Offers Pennsylvania Electricity Customers `Green' Choice

Green Bay, Wis.-Based Utility Firm to Withdraw Plan for Electric Deregulation

Ashland, Ore., Hopes New Power Rates Won't Shock Too Much

New York-Based Utility's Billing Offer Won't Deliver Large Savings

Florida Utility Regulator Foresees No Power Shortages

Higher Utility Bills Lead to Increased Past Due, Shut-Off Notices in Colorado

Kinder Morgan Power, Williams Cos. Agree to Build Six Power Plants in U.S.

Electricity Costs, Economic Downturn May Disturb California's Planned Budget

Butte, Mont.-Area Residents Try to Alleviate High Utility Bills

New York Energy Companies Strike Buyout Deal

-The Daily Oklahoman Charles Crumpley Column

-Georgia Power Employees Ask for Mediation in Racial-Bias Case

-WRENCHING DECISION BRINGS FAREWELL TO SOUTHERN CO

-Atlanta-Based Utility Holding Company's CEO Will Retire

-Indiana House Votes to Allow Fines for Utilities That Violate Service Codes

-Indiana Bills Broaden Regulatory Power over Utilities

-Atlanta's Southern Co. to Increase Electric-Generating Capacity in Southeast

-Oklahoma Regulator Urges Boost for U.S. Energy Industry

----------------------------------------------------------------------
REUTERS
----------------------------------------------------------------------
Access stories online at: http://207.32.82.57/news/ElectricPower.html

FEATURE-Canada government set for crippling power struggle

UPDATE 1-TransCanada sees earnings boost in 2001

PG&E unit hopes for April decision on N.Y. power plant

BPA seeks more wind power generation in Northwest

United Utilities files $2 bln U.S. shelf offering

UPDATE 1-Atco profits up on power, gas liquids prices

Serb PM seeks Russian energy, military investment

UPDATE 1-Williams in 10-yr fixed-price Calif. power deal

Analysts puzzled by sharp drop in Ballard shares

El Paso says to sell $800 mln zero-coupon conv bonds

RPT-UPDATE 1-Enron scraps Indian broadband plan

Canadian natural gas prices slip amid mild weather

S&P rates Reliant Energy Resources notes BBB-plus

TransCanada sees earnings boost in 2001

Enron's Portland General files shelf for $250 mln

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RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus
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Audrey,

I am available either day.

Paul

 -----Original Message-----
From: 	Robertson, Audrey
Sent:	Friday, September 28, 2001 10:06 AM
To:	Donoho, Lindy; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; McConnell, Mark; Y'Barbo, Paul
Subject:	2002 Plan Strategy Meeting

Please be informed, Steve would like to meet for an hour to discuss strategy on the 2002 Plan.

Please let me know if you are available on:

		Tuesday, October 9		10:00a - 11:00a
		Wednesday, October 10		9:00a - 10:00a

adr

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


Part 2 of 3 Parts

Spring Football Notes . .

QB Chris Simms completed 11 of 15 passes for 174 yards and a touchdown to
highlight UT's annual Orange-White game before a crowd school officials
estimated at 31,000
Coach Mack Brown had the first team offenses and defenses square off against
each other for the first time in the Orange-White game.
The only touchdown the first-team defense gave up was a 53-yard Simms pass to
WR Roy Williams, who had a step on CB Quentin Jammer.
Simms also led the offense to a field goal.
QB Major Applewhite, operating behind an offensive line patched with
walk-ons, led the second team to one touchdown against the second-team
defense, on a fade route to WR Sloan Thomas in the end zone.
My vote for most improved offensive player this spring is split three ways
because Simms, sophomore TE Brock Edwards and senior tackle Mike Williams are
all much improved over last year. On defense, I think it's a two-way tie
between DT Marcus Tubbs and CB/safety Nathan Vasher.
I think the Longhorns will have the best group of WRs, TEs and DBs in the Big
12. They will have the best passing QB in the Big 12, too, if Simms continues
to improve. They also will have one of the two or three best pass-blocking
lines in the league if they stay healthy.

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Maroon-Hued Journalists Abound

I should have commented on this earlier, but better late than never.
Kevin Sherrington of the Dallas News wrote a love-in column about Texas A&M
coach R. C. Slocum right after national signing day, and both Slocum and
Sherrington used the opportunity to throw a few rocks at Texas coach Mack
Brown and the Longhorns
I'm going to quote a couple of excerpts from the column, with my comments
about them. Here's the first one:
"Such is R.C. Slocum's life these days. Never had a losing season at Texas
A&M. Won more games than any coach in school history. Run a clean program his
dozen years as head coach."
Clean program? No question it's cleaner than it used to be, but Sherrington
must have a really short memory. Remember those no-show jobs?
Then Sherrington and Slocum got into recruiting, and both took some shots at
Brown and UT. Here's what they said in the column:
"Of course, rankings come with caveats, too, Slocum reminded. After four
years of enrolling the country's top recruiting classes, he asked, 'shouldn't
a school have the most talented team in the country? Shouldn't expectations
go way up?' "
" 'Wouldn't that be accurate?' Slocum asked."
"In other words, you're up, Mr. Brown."
First of all, Brown hasn't had "four years of enrolling the country's top
recruiting classes." He's had three of them, and the third class hasn't even
enrolled yet. The other two were freshmen and sophomores last year and they
are the heart and soul of the team.
Brown's first signees at Texas weren't in the class of the others, which
certainly were highly ranked classes.
His first great class will be starting its third year this season and it is
ready to boost the Longhorns back into national prominence.
The Aggies, on the other hand, went 11-3 in 1998, 8-4 in 1999 and 7-4 in
2000. Sounds like a downward spiral to me. I wonder if Aggies' expectations
are "way up?"
Second, the last time I looked, Texas and Texas A&M had played three times
since Brown arrived to find Slocum firmly entrenched at A&M with his program
already well established.
Enheriting a 4-7 team, Brown has produced three consecutive nine-win seasons
and, while I know it sounds far-fetched after reading the remarks of
Sherrington and Slocum, he has a 2-1 edge over Slocum and his Aggies.
The lone Aggie victory over Brown was in 1999 at A&M by a razor-thin 20-16
margin when UT QB Major Applewhite, the Big 12 Co-Offensive Player of the
Year, was too sick to play.
I know you play with what you have and I am not saying that Aggie victory
shouldn't count, but what I am saying is that any outsider reading the column
would think the Aggies must be hammering us every year.
While I'm on the subject of biased reporting, I thought it was interesting
that the Houston Chronicle published a three-column bylined story on the
Texas A&M spring game, which drew 6,000 fans. The paper did not staff the UT
spring game and did not run one line on an event that was attended by 31,000
fans.
The UT Sports Information Department distributed a lengthy story on the
spring game and many papers used all or part of it, but the Chronicle simply
ignored the entire event.
The Chronicle has one sports columnist, devout Aggie John Lopez, who doesn't
even try to get his facts straight when writing, about Texas.
Remember his column on how UT basketball guard Darren Kelly wanted to go to
A&M, but didn't have the grades.
Kelly was a full qualifier out of high school and, in fact, started his
college career at a Division I school before switching to a JC.
When he missed a semester at Texas for academic problems, it was because many
of his hours at the small JC he attended did not transfer and he was short on
hours toward his degree. It wan't because he was failing any courses.
But Lopez was more interested in making excuses for the dismal Aggie
basketball team than he was in getting the facts straight.
If you get as irritated as I do with columnists who continue to glorify the
Aggies and ignore or put down the Longhorns, let the sports editors and/or
their bosses know about it.

An Early Look at the Schedule

Trying to predict football games in April that are several months away is a
dangerous business, so I'm going to just look at the schedule and talk about
the likely odds on all the games.
The Longhorns probably will be at least 15-point favorites over five of their
foes. They are the home games against New Mexico State and Kansas and the
road games against Houston, Oklahoma State and Baylor.
Texas also will be favored, probably by  at least 10 points, in the home g
ames against North Carolina and Texas Tech and the game at Missouri.
That leaves the Oct. 6 date in Dallas against defending national champion
Oklahoma, the Oct. 20 home game against Colorado and the Nov. 23 visit to A&M
as the ones that would appear to be the most dangerous.
I think Colorado will be a dangerous team if RB Marcus Houston stays healthy,
and A&M is always dangerous in College Station.
But there is no question that the Sooners are the most dangerous looking foe
on the schedule.
I won't predict Texas will win every game, but I will predict if the
Longhorns average 100 yards rushing against OU, Colorado and A&M, we'll all
be smiling heading into the post season.

Conradt Gives Up AD Title

Jody Conradt, UT women's basketball coach since 1976 and women's athletic
director since 1992, is going back to coaching full time and giving up the AD
post
"I have appreciated the opportunity to serve the university, but my heart and
my passion are about coaching women's athletics," she said.
Conradt, 59, said she thinks her basketball program is making "significant
progress" toward returning to the national spotlight and said she wants to
devote full time to that job.
Chris Plonsky, 43, a senior associate athletic director in the men's
department, will serve as women's athletic director on an interim basis and
will get a new title: senior associate athletic director for men's and
women's athletics.
Patricia Ohlendorf, UT vice president for institutional relations and legal
affairs, oversees both athletic departments. She said she will chair a small
committee that will study the men's and women's athletic departments to
determine their future course.
The study probably will take about two  months to complete, and all signs
point to a recommendation to combine the two departments.
Only five Division I universities have separate athletic departments for men
and women. The others are Tennessee, Arkansas, Minnesota and Wisconsin.
In recent years, the two departments have combined to operate together in
several areas at Texas, such as sports medicine, strength and conditioning,
fund-raising and development, marketing, ticket operations and media
relations.
Sources close to the situation at UT say combining the two departments and
having one director to oversee both would save more than $1 million a year.
The sources also say UT President Larry Faulkner, who will make the ultimate
call, favors combining the two departments.
In this day of increasing expenses and tight budgets, it would make a lot of
sense to join the other 11 schools in the Big 12 and the vast majority of the
other Division I schools in combining the two departments under one athletic
director.
It would eliminate a lot of duplication and save a lot of money.

Jamboree on TV in Austin

The Longhorns Spring Football Jamboree, highlighted by the Orange-White game,
will be telecast by time Warner Cable Monday and Tuesday on Austin Cable
Channel 62.
Fox  Sports and Time Warner Cable are teaming up to bring Austin cable
viewers the tape-delay broadcast of the March 31 jamboree and scrimmage.
It will be telecast Monday (April 9) at 9 p.m. and Tuesday (April 10) at 7
p.m.

Umpire Boycott Silly

The three Austin-area umpires who are boycotting non-conference baseball
games at Texas' Disch-Falk Field because of what they term insulting personal
attacks by Longhorns assistant coaches are being silly.
David Wiley, Tim Henderson and Wade Ford say they won't call Texas'
non-conference games the rest of the season because they are unhappy with the
way they have been treated by UT assistants Frank Anderson and Tommy Harmon.
"Tim, Wade and I have just decided it might be better for all parties
involved if we worked elsewhere this year because the professional climate
has deteriorated all year, such that we felt it would be better for us to
extract ourselves from that situation," Wiley said.
Henderson and Wade were assigned before the season to work some Big 12 games
at Disch-Falk and said they will honor that commitment.
The reason the boycott is silly is that umpires have the ultimate weapon in
disputes with coaches. They can eject them, and that would be a far more
reasonable approach than what Wiley, Henderson and Ford have chosen to do.
A few ejections will make any coach see the light, even if he is in the
right, because umpires have dictatorial power over coaches.
It's also strange that Wiley is talking about it to reporters. The Big 12 has
a strict gag rule on all Big 12 coaches, and Wiley knows he can say anything
he wants to without fear of contradiction from the other parties involved.

A True Orange Subscription Is
The Gift You Can Give Every
Year to Your Longhorn Friends
A subscription to True Orange is the perfect gift for any occasion for a
Longhorn who has everything else. It's only $45  ($35 by e-mail) and I'll
send  an attractive card announcing your thoughtful gift.
The only thing better is  a gift of  True Orange and the True Orange Fax  )
and you can give both for just $130 a year ($99 if they take both by e-mail).

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Next Issue April 23

The next issue will be e-mailed April 23, and will include interviews with
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my 25-man list of top junior recruits.
I'll have stories on the baseball team, track teams and other news about the
Longhorn athletic program.

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Elizabeth,

           Sorry it took me so long to respond to you - use the prices
Altrade is indicating - I probably just wrote them down incorrectly.  I have
found in past experiences with discrepencies that Altrade is usually correct
and this is not a large amount in question.

                                                             Thank You!


Pete,

I'm seeing some trades with your name as Trader which are at extremely high
prices.   Transco Z6 vs. Henry Hub trades at prices of $15.6025 from Trade
Date of 12/5.  Are these errors?  EOL numbers are 658961 and 658985 (both
with Reliant).  No confirmation has been sent on these.  Please have your
Book Admin notify me as soon as you get a chance to look at these.

Thanks,
Joe Hunter


Steve,

I would,  with pleasure.

Vince

Steven Leppard
11/02/2000 04:09 AM
To:
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: It's PRC time again

Hi - I wonder if you'd consider acting as a PRC reviewer for me?

Cheers,
Steve


Thu,

You need to get with Aimee and George on this.

D

	From:  Thu Nguyen                           02/17/2000 12:17 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Operational Expense K on MidTex Pipeline

Daren,

 I am sorry I completely forgot to provide you with the meters, there should
be a total of eight.  Please let me know when you have it set up.  Thanks

Thu


Please note that a call is scheduled today at 5:00 p.m. central time to discuss California issues.  The dial-in number is 800-998-2462 passcode 5525128.

Twanda Sweet
Sr. Administrative Assistant
Enron Wholesale Services
1400 Smith Street, EB 3822
Houston, Texas 77002
(713) 853-9402
(713) 646-3490 fax
twanda.sweet@enron.com


To:	    Employees

From:	    ENRON Benefits Department

Subject:    All Employees Participating in the ENRON Domestic Benefit Plans

Enron Benefit Plans
Summary Annual Report

The basic financial and insurance information on the back of this page, as well as the material below, provide a Summary Annual Report for the Enron Benefit Plans.  The annual report for each plan has been filed with the Internal Revenue Service, as required by the Employee Retirement Income Security Act of 1974 (ERISA).

NOTE:  You may receive a report for a benefit plan in which you are not a participant or under which you are not entitled.  Entitlement to benefits under any of the plans is based on the provisions of each plan.

Your Rights to Additional Information

You have the right to receive, upon request, a copy of the full annual report, or any part thereof, for any plan.  For insured plans, insurance information (including any sales commissions paid by insurance carriers) is shown in the annual reports.

To obtain a copy of the full annual report, or any part thereof, for any plan, write or call:

Enron Corp Shareholder Relations
1400 Smith Street
Houston, TX  77002-7311

(713) 853-6161

You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both.  If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes will be included as part of that report.

You also have the legally protected right to examine the annual report at the main office of the plan (Enron Corp., 1400 Smith Street, Houston, TX  77002-7311) and at the U.S. Department of Labor in Washington, D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs.  Requests to the Department should be addressed to:  Public Disclosure Room, N-5638, Pension and Welfare Benefits Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.


Damn, are you going to take that?

BRIAN HOSKINS@ENRON COMMUNICATIONS
02/07/2001 10:55 PM
To: Timothy Blanchard/HOU/EES@EES@ENRON
cc: Bryan Hull/HOU/ECT@ECT@EES@ENRON, Chad Landry/HOU/ECT@ECT@EES@ENRON, Eric
Bass/HOU/ECT@ECT@EES@ENRON, Luis Mena/NA/Enron@Enron, Matthew
Lenhart/HOU/ECT@ECT@EES@ENRON
Subject: Re: Mumme

Come talk to me when your team can score more than 33 points in a game.
LSU's basketball dynasty is officially over.  Oh, wait a minute.  It never
began.

Mississippi 50, LSU 33

OXFORD, Miss. (AP) _ Aaron Harper scored 16 points to lead No. 25 Mississippi
to a 50-33 victory over Louisiana State on Wednesday night.
Harper was the only player in double figures for the Rebels (18-4, 6-3
Southeastern Conference), who won their fourth consecutive game exactly one
year after their worst home loss in 40 years _ a 97-53 loss to LSU.
Roland Dupree had 14 points and a game-high 11 rebounds for LSU (11-9, 1-8),
which was held to fewer than 40 points for the first time since a 51-39 loss
at Rice in 1948.
The Rebels limited the Tigers to 12-of-43 shooting from the field and forced
them into 25 turnovers.
LSU also shot just 1-of-16 from 3-point range, but stayed close before the
Rebels put it away with a decisive 19-4 run.
LSU led only once, on Dupree's opening basket. Ole Miss answered with a 12-5
run and never trailed again. Harper made three consecutive baskets to
highlight the surge.
The Rebels led 19-15 at halftime, but LSU pulled within 23-22 with 15:19
remaining on a basket by Jermaine Williams. LSU never got any closer as Ole
Miss went on its decisive 19-4 run in the next seven minutes. Harper sparked
the surge with a pair of 3-pointers and two assists.
LSU's DuPree got a technical foul during the run, following his protest of an
offensive foul by teammate Torris Bright.
Jason Harrison hit both technical foul free throws and Harper followed with a
3-pointer to complete the run and give Ole Miss a 42-26 lead with 7:23 left.

_____________________
Brian T. Hoskins
Enron Broadband Services
713-853-0380 (office)
713-412-3667 (mobile)
713-646-5745 (fax)
Brian_Hoskins@enron.net

	Timothy Blanchard@EES
	02/06/01 02:12 PM

		 To: Brian Hoskins/Enron Communications@Enron Communications
		 cc: Eric Bass/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Luis Mena/NA/Enron@Enron
		 Subject: Mumme

Kentucky's football dynasty is officially over.


Pat, your credit worksheets reflect ENA posting cash.  Is this a mistake?

I am trying to revise these draft masters and then I will tackle TGS.

I still have severe laryngitis so I cannot speak but I can communicate via
e-mail or a paralegal.

Thanks.  Sara


I have attached a draft letter to Duke requesting Duke's assurance of
performance under the LNG sales contract.  Please let me know if you have any
questions; otherwise, the letter is ready to go.


I have made a few "clean-up" changes to the Financial Adoption Agreement and incorporated some comments from Carol.

Please use the attached version for any Financial deals.  Thaks

 -----Original Message-----
From: 	Van Hooser, Steve
Sent:	Friday, November  2, 2001 9:20 AM
To:	Koehler, Anne C.; Jones, Tana; McCullough, Travis; Murray, Julia; Sager, Elizabeth; Taylor, Mark E (Legal)
Cc:	Korkmas, Deb; Nettelton, Marcus
Subject:	Adoption Agreement applicable to ISDA Masters
Importance:	High

I have reviewed the attached draft with Anne, Travis and Marcus.  For purposes of maintaining consistency between the 3 disciplines, I would appreciate your using the attached for any further ISDA Adoption Agreements you may have.  Anne's suggested Item 7 to Scheule B should cut down your due diligence workload appreciably regaring the various places that Affiliate is used in the Master.

The main change from the draft Anne sent out yesterday evening is that it "reinserts" the Schedule C with Credit information.

Please call with any question.

Steve
 << File: MARKEDAdoption AgreementISDA(SVH 11-02-01).doc >>  << File: Adoption AgreementISDA(SVH 11-02-01).doc >>

Steve Van Hooser
Enron North America Corp.
713-853-7238
713-646-3490 (fax)


Richard,

Following our coversation of yesterday, I set out for you below the following:

1.  An explanation (in draft) of the Dutch power market and the events
leading up to the current market "squeeze" by certain players, which we have
produced and discussed for our external lawyers.

2.  A schematic of arguments which we produced for external lawyers before
Christmas just relating to the mis-application of capacity by TenneT.

3.  A copy of our e-mail to Clifford Chance of last Wednesday summarising the
issues in order of priority for their advice.

Please note that, purely on the swap element of this jigsaw, we are
attempting to arrange a conference with a Queen's Counsel for next Monday
afternoon.  Hence, it may be better for our meeting (with Jeff patched-in) to
take place next Tuesday - clearly the advice on all the elements involved (as
set out in 3) in toto will not be complete until we have had the conference
with the QC.

I am due to receive tomorrow, however, from Clifford Chance their legal
strategy report on all the other issues raised in my e-mail (item 3) and
shall forward you a copy on receipt.

Kind regards

Mark

---------------------- Forwarded by Mark Elliott/LON/ECT on 26/01/2000 19:01
---------------------------

Mark Elliott
19/01/2000 15:11
To: Tjepco.vanVoorstVader@cliffordchance.com
cc: ed.patton@cliffordchance.com, Joe Gold/LON/ECT@ECT, Roy
Poyntz/LON/ECT@ECT, Ross Sankey/LON/ECT@ECT, Teun Van Biert/LON/ECT@ECT, Dirk
Van Vuuren/LON/ECT@ECT, Stephen Asplin/LON/ECT@ECT, Andreas
Lorenz/LON/ECT@ECT, Reuben Maltby/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, Mark Schroeder/LON/ECT@ECT

Subject: URGENT: SECOND E-MAIL FOLLOWING CLIFFORD CHANCE MEETING IN AMSTERDAM
- Dutch txn - Year 2000 - Issues to work up into a legal strategy: STRICTLY
PRIVATE & CONFIDENTIAL - ATTORNEY - CLIENT PRIVILEDGE

Tjepco,

Following our useful meeting with yourself and your colleagues yesterday in
Amsterdam, I now set out below the various issues, in what we consider to be
the order of priority, relating to Dutch transmission for the Year 2000 upon
which we need your, and your colleagues', advice with respect to framing an
entire coordinated legal strategy (e.g., time-lines / scales, coordination
between actions, ?Nma v Courts or both, costs liabilities of Enron to
defendants if we lose) for Enron so as to apply the maximum, effective, legal
pressure on the various parties and to effect a resolution to such issues as
quickly as possible - the longer the current situation persists the more
money Enron will lose - whilst at the same time allowing us to weigh up the
"cost - benefit" analysis of all the various scenarios.

Please note the following when planning our legal strategy:

- Enron Capital & Trade Resources Limited ("ECTRL") (an English incorporated
company) is our company which has entered into physical electricty sales
contracts to supply certain Dutch Distribution Companies. The physical supply
contracts are governed by Dutch law and are subject either to ICC arbitration
in either Paris, Rotterdam or the Hague or the NAI in Rotterdam or the Hague
(dependant upon the counterparty).

- ECTRL is also a Participant on the APX.

- Enron Capital & Trade Resources International Corp. ("ECTRIC") (a company
incorporated  in Delaware, U.S.) is the Enron entity which, as principal,
enters into financial swaps, arranged through Enron Europe Finance & Trading
Limted ("EEFT") (an English incorporated company which is regulated by the
SFA),  with, among others,  Dutch Distribution companies.   The swap
contracts have all been documented on a "Deemed" ISDA basis (representative
confirms have already been sent to you on this aspect).

Clearly although the first three issues are "TOP PRIORITY", the Secondary
Priority Issues are not far behind them and so we should be obliged to
receive your consolidated written report on all the issues on or before
Wednesday, 26th January, as we discussed yesterday.  When providing that
report, please also let us have at the same time estimates of your fees for
the whole of your team (incl. London and the US) ("ball-parks" are fine at
present) broken down into:

- fees for Clifford Chance's preliminary advice, including the written
strategy report;

- fees for Clifford Chance prosecuting the Sep take-or-pay issues;

- fees for Clifford Chance prosecuting the APX issues;

- fees for Clifford Chance prosecuting any actions / defences / counterclaims
on the swaps and / or physical contracts.

Fee estimates for Clifford Chance prosecuting any of the Secondary Priority
issues can come later.

Please also pay particular attention to how we might obtain evidence to the
appropriate standard of market rigging on the APX etc., conspiracy, etc, re
defence / counterclaim to any non-payment by Enron on the Swaps (see Points 2
+ 3 below).

1. IMMEDIATE PRIORITY - Query: What  Court actions do we have against TenneT
and / or SEP re allocation of capacity by TenneT   to SEP for Yr 2000 in
November 1999?

 Issue 1 - Miss-allocation by TenneT of 1500 MW of cross-border capacity by
TenneT to SEP (first step in allocation which defined quota of balance of
cross-border capacity available to the market)

 Issue 2 - Unlawful speculative reservation or other unlawful reservation of
capacity by SEP (e.g. re non take-or-pay elements).

 Issue 3 - Unlawful retention and / or unlawful application of capacity by
SEP once granted capacity by TenneT (blocking of essential facilities,
i.e.,   generation, to other parties)

Resolution required:
The quickest way possible to deny Sep right to use TenneT capacity for
non-take or pay elements (nb relevant take or pay is energy component ie
obligation to import at border cf take or pay on "virtual" capacity) as soon
as possible
The quickest way possible to have that capacity released to the APX in
accordance with existing "use it or lose it" principle or TenneT to allocate
to term market under "weekly" contract category established by DTE as soon as
possible.

Evidence:  Herkstroter report (implied), 1999 despatch regime (implied),
general market "consensus", electricity plans?, DTE consultation paper on
transmission (reference to virtual power plants), EZ/DTE advice which limited
reservation to take or pay (hence only needed if some parts were non take or
pay).  Current despatch levels on term deals (imply Sep taking 1500 MW).
Query method of putting all of this in evidence, "discovery" etc.

(PLEASE NOTE THAT THIS IS ALREADY INCLUDED AS AN ISSUE IN THE EXISTING NMA
COMPLAINT AGAINST TENNET (NOT SEP AT PRESENT) IN RESPECT OF ITS ALLOCATION
PROCESS ON COMPETITION GROUNDS COMMENCED THROUGH LOEFF CLAEYS IN DEC 1999).

Points to note :  (1) Initial Clifford Chance view - Summary proceedings
against TenneT & Sep.  Time-line needed of when to commence,      length of
time to get to Court, ? best methodology of getting Sep contracts before the
Court, etc

     (2) Query value of Clifford Chance initial letter to TenneT and / or Sep
requesting confirmation that all Sep contracts are full      take-or-pay.

2. IMMEDIATE PRIORITY - Query: Preparation of  Draft proceedings against the
APX

 Issue 1 - Drafting of summary proceedings by ECTRL as a Participant against
APX for failing to enforce & to compel them to enforce the APX Rules on
ensuring firm cross-border capacity pre-bid & to prevent market manipulation.

  Note failure of APX to enforce its Rules causes losses both to:

  (a) ECTRL on its physical sales onto APX from Germany (and Belgium) by
virtue of other parties preventing legitimate level of sales by    ECTRL by
breaching APX rules Art 12.1 etc.

  (b) ECTRL on its physical supply contracts (as prices on the APX are
artificially higher than contracted supply price);
   plus

  (c) ECTRIC on swaps - ECTRIC shorted APX floating price to certain APX
Participants whom we believe are now manipulating the APX,    causing
artificially high prices, hence securing more profit out of the swaps.

 Issue 2 - Query availability of shareholder (10%) action by ECTRL (in
concert with others) as shareholders of the Exchange against APX for
mis-management in failing to enforce APX Rules leading to (a) damage to
certain  Participants and / or (b) damage to APX's prospects as a main
European power exchange.

Resolution required / Tactics: (1) APX has published certain cross-border
transmission contract "audit" requirements which are to come into
effect       on 20.1.2000 (copy will faxed shortly) - we query effectiveness
of this "compromise" approach plus there isnothing       specific mentioned
re other manipulative conduct (e.g., "crossing").  Hence, Issue 1 above
required to be done       as, if APX measures fail, then we may need to file
suit quickly to bring matters to a head.

     (2) IMPORTANT - Irrespective of whether or not APX audit prevents
manipulation etc., need to consider taking       appropriate actions
againstAPX  or others in any event asap in order to flush out evidence re
manipulation /       conspiracy among certain Participants re any defence /
counterclaims to any non-payment on swaps etc - see        3 below.

     (3) Query benefit at this stage of shareholder letter to APX "setting
scene" for mis-management corporate action

Points to note: Time-line needed of when to commence, length of time to get
to Court., etc, plus, re (2) above, ? best methodology of gathering
sufficient    evidence in due time for defence / counterclaims on swap issues
- see 3 below.

3. IMMEDIATE PRIORITY - Query:  Do we have any legitimate grounds for
non-performing on our swap contracts / physical contracts,  and  what should
be our strategy re this (e.g., pre-emptive actions or defensive actions /
counterclaims)?

 Note: certain counterparties to contracts with Enron are causing loss to
Enron by, what we believe, is market manipulation of APX, collusion to
lock-up  market etc.  Certain other parties to such contracts with Enron we
do not believe are party to such conduct.  Losses to Enron are however
occurring as  follows:
  (a) to ECTRL on its physical sales onto APX from Germany (and Belgium) by
virtue of other parties preventing legitimate level of sales by    ECTRL by
breaching APX rules Art 12.1 etc.

  (b) to ECTRL on its physical supply contracts (as prices on the APX are
artificially higher than contracted supply price);
   plus

  (c) ECTRIC on swaps - ECTRIC shorted APX floating price to certain APX
Participants whom we believe are now manipulating the APX,    causing
artificially high prices, hence securing more profit out of the swaps.

 Issue 1 - Can ECTRIC legitimately withhold payments on the swaps?

   - Query:  availability of pre-emptive damages or other forms of action(s)
against swap counterparties

  -  Query: best jurisdiction (esp. re swaps - English, Dutch US)?

Resolution needed:  need to obtain from a strategic perspective best
jurisdiction(s) and best course and causes of action on a pre-emptivebasis as
far as    possible - to avoid claims of forum shopping and bring maximum
pressure; plus advice needed on whether we should take pre-emptive    action
or to defend and / or counterclaim if we get sued if we do not perform on
swaps or physical contracts.

Initial Clifford Chance view:  None / no suitable  pre-emptive action
available to Enron - defences / counterclaims only.  All proceedings likely
to be in England and subject to contracts' governing law (English) (under Art
17 Brussels' convention + Dutch conflict of laws principles).  Highly
unlikley that any U.S. action by Enron practically possible - U.S. courts
will consider forum shopping (unless can show that Dutch counterparty has
"minimum contacts in the US" (?means in detail?) - even then, U.S. courts
unlikely to give any appropriate relief - query enforcement problems in any
event.   Clifford Chance's initial "gut reaction" is to withhold payment -
wait for counterparty to sue which would probably be by way of summary
judgement (approx 2 - 3 months to get court in England).  If so, to defeat
summary proceedings thus delaying matters to full trial, ECTRIC would then
need to establish prima facie case for either defence on breach of  implied
term (v. difficult indeed but "gut reaction" is that London Commercial Court
could be swayed by an argument that actual counterparty has acted in bad
faith, e.g., manipulated mkt - fairly untested area) and / or counterclaim
for conspiracy to defraud (for which need to establish prima facie case of
conspiracy between counterparty and others to rig the mkt, etc).

Notes: (1) Need to thoroughly investigate all options here (approx 70 % of
losses could be on the swaps)

 (2) Need to consider evidence re mkt rigging / conspiracy to defraud,
practically whether this could effectively be brough to light by any
actions   against APX - see Issue (2)  of Point 2 APX above -  the "race"
between timescales of summary judgment in England versus any actions
against   APX under Dutch law to flush out evidence .  Any additional ways of
securing appropriate evidence to the relevant standard of proof (whether
through crt actions or otherwise) - whether in the UK, US or in the
Netherlands - and timescales?  E.g., availability of putting people on the
"Witness   Stand" in the Netherlands

 (3)  Queries re Clifford Chance initial view:

  (a) Repercussions - action by counterparty not by way of summary judgment
but by way of filing insolvency petition under Section 123  IA    1986

  (b) Any views altered re amenability of commercial crt if (i) Enron knew
last year that APX could be manipulated + if Enron itself had enterd into
similar, but smaller-scale, manipulation for short period last year?

 (4) Check: Ability of Dutch counterparties to swaps to speculate rather than
hedge by way of OTC Derivatives and any good faith/integrity issues re'
parties use of speculative cf hedging swaps combined with deliberate and
systematic market manipulation by swap counterparts.

 (5) Query:  Any SFA repercussions for EEFT?

 Issue 2 - Liability of ECTRL under physical supply contracts.

  - Does 20% liability cap on physical contracts work if ECTRL fails
intentionally to deliver?

  - Does consequential losses exclusion on phyiscal contracts work if ECTRL
fails to deliver?

  - Strategy (i.e., should we fail to deliver, pay undisputed amount of bill
and dispute rest of bill and let counterparty take us to arbitration?  OR,
can    this have any adverse repercussions re any other opart of our legal
strategy?)

4. SECONDARY PRIORITY - Query: What actions do we have against TenneT to
recoup our losses re allocation of capacity by   TenneT for Yr 2000 in
November 1999?

Issue 1 - Misapplication in law of capacity (i.e. 800 MW) by TenneT to Market
parties (e.g., Enron) after Sep allocation : allocation favoured incumbents
based on market share - this caused a new entrant such as Enron loss.

Issue 2 - General unreasonable behaviour / lack of good faith of TenneT
Misleading market with early rules; addition of extra unfounded rules post 19
Nov (in reasonable knowledge that market parties had already acted on earlier
information from TenneT).
1,2 Jan 2000 : closing Dutch market to imports (query whether this was also
for the UCTE system support activities; suspect not) in an unreasonable
fashion ie changed procedures when it had no need so to do.  The normal
procedures whereby TenneT curtailed in the event of a problem on the day
would have been sufficient to maintain system stability.
Disingenous allocation of 2300 MW in off-peak capacity (night) at the same
time as indicating to the market that no more than 1000 or 1200 MW was
expected by TenneT to be available for use due to Sep's plant despatch
regime.  Reasonable action would have been to allocate no more than the 1000
MW to Sep and the market on a term basis with any additional capacity
available on a given day treated as (uncertain) spot capacity and allocated
to the APX.
Lack of checking and/or other disingenuity re' failure properly to check Sep
take or pay obligations.
Lack of transparency of information eg French grid problems result in cut of
300 MW available to APX.  No assistance from TenneT either to provide
guidance as to the real extent or duration of the problem or to take
reasonable steps to mitigate the problem by eg co-operating with market
parties aiming to put in place offsetting transit arrangements to alleviate
the congestion.

PLEASE NOTE THAT THIS IS ALREADY SUBJECT TO THE SAME EXISTING NMA COMPLAINT
ON COMPETION GROUNDS REFERRED TO IN 1. ABOVE COMMENCED THROUGH LOEFF CLAEYS
IN DEC 1999.

Resolution required:  Damages against TenneT

Evidence:  Herkstroter report (implied), 1999 despatch regime (implied),
general market "consensus", electricity plans?, DTE consultation paper on
transmission (reference to virtual power plants), EZ/DTE advice which limited
reservation to take or pay (hence only needed if some parts were non take or
pay).  Current despatch levels on term deals (imply Sep taking 1500 MW).  Sep
newspaper quotes (intent to use 1500 MW day and night) - intended block on
capacity and refusal to contemplate change to superpeak pricing.  Query
method of putting all of this in evidence, discovery etc.

5. SECONDARY PRIORITY -  Query:  ability of Enron to claim damages against
APX for losses suffered owing to failure of APX to enforce its Rules and to
allow gaming, etc.

Note failure of APX to enforce / have enforced its Rules causes losses both
to:

(a) ECTRL on its physical sales onto APX from Germany (and Belgium) by virtue
of other parties preventing legitimate level of sales by ECTRL by breaching
APX rules Art 12.1 etc.

(b)  ECTRL on its physical supply contracts (as prices on the APX are
artificially higher than contracted supply price);
plus

(c)  ECTRIC on swaps - ECTRIC shorted APX floating price to certain APX
Participants whom we believe are now manipulating the APX, causing
artificially high prices, hence securing more profit out of the swaps.]

Resolution required:  Damages against the APX

6. SECONDARY PRIORITY - Query: Actions against APX Participants for
manipulating the APX DAM causing losses to Enron

Note manipulation of APX DAM by certain Participants causes losses both to:

(a) ECTRL on its physical sales onto APX from Germany (and Belgium) by virtue
of others parties preventing legitimate level of sales by ECTRL by breaching
APX rules Art 12.1 etc.

(b) ECTRL on its physical supply contracts (as prices on the APX are
artificially higher than contracted supply price); plus

(c) ECTRIC on swaps - ECTRIC shorted APX floating price to certain APX
Participants whom we believe are now manipulating the APX, causing
artificially high prices, hence securing more profit out of the swaps.

Resolution required:  What action can we take against APX Participants (i) to
prevent them further manipulating APX and (ii) claiming our losses against
them on both ECTRL's physical supply contracts and ECTRIC's swaps?

In particular:   Query:  availability of injunction / summary proceedings
against APX Participants to prevent them from manipulating APX DAM

7.  SECONDARY PRIORITY -  Query : Actions against SEP

(a) Plant despatch : see below re' collusive behaviour.

(b) Protocol : Sep refusing to contemplate changes to superpeak charges
(which in no way bear reasonable relation to supply/demand or electricity
production costs).

Query : availability to Enron of injunctive and/or other relief against Sep
for (a) unlawful application and retention (eg query damages action against
Sep) and /or (b) nature plant despatch and / or (c) conduct re Protocol.

Evidence : Herkstroter report (implied), 1999 despatch regime (implied),
general market "consensus", electricity plans?, DTE consultation paper on
transmission (reference to virtual power plants), EZ/DTE advice which limited
reservation to take or pay (hence only needed if some parts were non take or
pay).  Current despatch levels on term deals (imply Sep taking 1500 MW).  Sep
newspaper quotes (intent to use 1500 MW day and night) - intended block on
capacity and refusal to contemplate change to superpeak pricing.  Query
method of putting all of this in evidence, discovery etc.

5. Query:  Actions available to Enron against Parties for collusive behaviour

Supply market actions

Deliberate and systematic attempts by certain parties (predominantly large
Dutch distcos) to deny new entrants ability to access capacity/energy at
reaonable prices by virtue of a) withholding capacity within NL ie Protocol
and b) breaching APX rules (gaming) in such a fashion as to block legitimate
access for those parties with foreign txn to sell legitimate volumes on APX
consistent with APX rules.   Effect of withholding capacity from market
compounded by (collusive) actions to manipulate APX prices by strategic
bidding.

 - Protocol: Collusive behaviour suspected by Dutch Distcos re locking
parties out of re-contracting and use of Protocol to disadvantage of new
market entrants (e.g., see EnergieNed letter: ?? now in public domain + note
transcript of Wed 12.1.00 Arnhem Court case on Protocol re intent of parties
to  keep market short)

 - APX
  - Art 25.3 APX DAM Regs - collusion by certain APX Participants suspected
re rigging APX prices

  - Art 12.1 APX DAM Regs - collusion suspected by certain APX Participants
re failing to ensure that parties have firm cross-border capacity prior to
making bids on to APX

Sep/TenneT

- Import allocation : collusion to fudge take or pay issue?
- Plant despatch by Sep : collusion to ensure that Sep can despatch plants in
such a fashion as to minimise possible imports?

Note : burden and standard of proof of collusive behaviour and ability and
means to obtain discovery of such behaviour.  Some evidence exists from ENECO
court case (transcript of Arnhem case public?) plus EnergieNed letter pls
taped APX participants meeting of 10 Jan 2000 (public or accessible to Enron
as participant?).

Kind regards

Mark


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reliable, but we do not represent that it is accurate or complete.  Nothing
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