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===============================================================
SCIENTECH IssueAlert, October 17, 2000
Dynegy Launches B2B Portal and Trading Site
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

Dynegy, Inc. announced the launch of Dynegydirect, an Internet-based,
commission-free
B2B portal and trading site for energy and communications commodities.
Dynegydirect will be introduced to Dynegy customers in a phased-in rollout
that started on Oct. 16, with online trading commencing over the next several
weeks. Through the portal, Dynegy customers will have self-service access
to Dynegy's bid and offer prices across U.S. power, natural gas and
natural-gas
liquids products. U.K power and natural gas, as well as coal, emission
allowances, weather derivatives, international natural-gas liquids, and
bandwidth will be offered in the coming months.

ANALYSIS: This is a major undertaking for Dynegy, but perhaps not very
surprising as the company is following many of its competitors into the
big-league online trading market. Dynegy is following a trail blazed by
the likes of EnronOnline, Entergy, AEP, etc., in establishing a portal
to "enhance liquidity, improve customer control and create greater trading
efficiency." Of the various online trading sites that have been announced,
Dynegydirect appears most similar to EnronOnline*clearly the leader in
the field*because it is principal-based. In other words, Dynegy will be
a participant in all of the transactions, either as a buyer or a seller.
Unlike EnronOnline, which is completely online, Dynegydirect will allow
customers to conduct their transactions with Dynegy over the telephone
during and following the launch of the site.

Over the last year, Dynegy has identified its strategy as wanting to become
a leader in the converging energy and communications business. In addition,
according to Dynegy's CEO Chuck Watson, the company's goal is to gain a
10-percent share (or 70,000 MW) of the U.S. electric market over the next
five years by acquiring plants, building them or negotiating the right
to sell power produced by others. Along with a strident strategy of building
merchant plants in areas where demand is growing significantly, Dynegy
presumably plans to now use its trading portal to market the power it has
either generated itself or bought on the wholesale market.

I spoke late yesterday afternoon with Blake Young, Dynegy's chief information
officer and president of Dynegy Global Technologies, about the new site
and how it will compete against such stiff competition. First, Young said
that Dynegydirect is a "component of a broader strategy" to support Dynegy's
comprehensive electronic business efforts. What this means is that
Dynegydirect
ultimately will be much larger than just a trading portal, including such
other electronic businesses as e-procurement and energy supply chain
management.
The portal will be particularly customer-driven, in that it should provide
many windows of opportunity for Dynegy customers to maximize their management
capabilities.

Dynegy has been planning a trading operation for some time; its growth
as a power generator and marketer has been an indication that Dynegy
recognized
new trends in the energy industry. You may recall that a few months back
Dynegy teamed with Williams in investing $25 million each for minority
equity stakes in eSpeed, Inc. As noted in SCIENTECH's IssueAlert from Sept.
25, eSpeed is investing $2 million in TradeSpark, which plans to create
electronic marketplaces for natural gas, electricity, coal, weather
derivatives,
nitrogen oxide, and sulfur dioxide emission credits. TradeSpark is using
the infrastructure and capabilities of eSpeed. In other words, eSpeed is
TradeSpark's "enabler." As an investor in eSpeed, Dynegy stands to profit
from TradeSpark's pre-launch market valuation of $40 million. At this point,
it is not clear if Dynegy intends for Dynegydirect to be a competitor to
TradeSpark as Dynegy stands to profit from both trading operations.

How does this all relate to Dynegydirect? According to Young, Dynegy is
pursuing commodity trading along two venues. The first is a proprietary,
one-to-many format in which Dynegy will participate in all transactions
as either a buyer or a seller. This operation will be conducted on the
Dynegydirect portal. The second venue is an anonymous, many-to-many format
in which Dynegy will participate along with multiple buyers and sellers.
This operation will take place on TradeSpark, which became operational
in early October. Dynegy is a participating member in TradeSpark along
with Coral Energy, Dominion, Koch Energy Trading, TXU Energy Trading, Williams
Energy Marketing and Trading, and Cantor Fitzgerald. Entergy also plans
to come on board as a member and investor once its venture with Koch closes
later this year.

Other key attributes to Dynegydirect, as identified in the announcement
of the site, are that its "highly configurable floors will enable customers
to group products in a customized fashion for convenient access." In addition,
customers can trade on multiple floors simultaneously, and the site's
real-time
price updates will allow them to see prices on all of their floors, enabling
them to make immediate decisions on prices and volumes.

Young said that Dynegy is extremely confident that the portal's technology
will be "well accepted" as it is JAVA-based (meaning, among other things,
that it is flexible enough to operate between MACs and IBMs) and
object-oriented.
While these are important from an IT perspective, as would be important
to CIO Young, perhaps more importantly is that the site offers an opportunity
for Dynegy to support the growth of its businesses and offers a
cost-efficiency
tool for customers.

In August, Dynegy announced that it is acquiring Extant, a privately held,
Colorado-based communications solutions and e-commerce company. Extant's
primary line of business is in providing connectivity solutions and broadband
capacity to communications businesses and information providers, enabling
them to exchange information and provide voice, data and video services
to their customers. The acquisition will mark Dynegy's first significant
penetration into the telecommunications sector. While not directly related
to this new portal, the acquisition of Extant is relevant because Dynegy
intends to eventually trade broadband capacity on the site. Extant's broadband
capacity will help to support Dynegy's trading of this commodity.

While the move to online trading is a smart, and almost inevitable, decision
for Dynegy and other energy companies wanting to remain competitive, the
competition and risk associated with this venture are formidable. Clearly,
Dynegy has found a market edge with its eSpeed /TradeSpark affiliation.
TradeSpark is already up and running, as compared to many announced trading
sites that have launch dates next year. In addition, TradeSpark is creating
a large liquidity pool by bringing together several mediums, including
the Internet, voice brokering and eSpeed's 300 millisecond private global
network. The many-to-many format which Dynegy is pursuing through TradeSpark
is an obvious route for the company to follow, and one with considerably
less risks associated with it. On the other hand, building its own
Dynegydirect,
in which Dynegy is the principal player, sounds like a Herculean task.
For perspective, Enron was the first company that came out of the gate
with an online energy trading portal. EnronOnline has a 12-month lead*along
with transactions in excess of $100 billion*ahead of Dynegy, or any company
that is just now developing a trading portal. It appears that Dynegy plans
to build Dynegydirect from the ground up, unlike its involvement in
TradeSpark,
which is already up and running. This could become a lengthy and costly
endeavor.

As I finished writing this analysis, Dynegy reported third-quarter earnings
of $.55 per share. In particular, Dynegy reported that recurring net income
from Dynegy Marketing and Trading increased to $141.0 million, representing
80 percent of Dynegy's consolidated net income (compared to $26.8 million
in the third quarter of 1999). Obviously, Dynegy's commodities marketing
and trading operation is on a very significant growth mode. The launch
of Dynegydirect*along with ongoing participation in TradeSpark*is a key
element of this growth.
===============================================================
SCIENTECH can help you find the answers you need. From simple questions
to complex problems, our experts and consultants will get results. Learn
more about our six service areas at:
http://www.consultrci.com/web/rciweb.nsf/Web+Pages/About_RCI.html
===============================================================

SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let
us know if we can help you with in-depth analyses or any other SCIENTECH
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Sincerely,

Will McNamara
Director, Electric Industry Analysis
wmcnamara@scientech.com
===============================================================
Feedback regarding SCIENTECH's IssueAlert should be sent to
wmcnamara@scientech.com
===============================================================

SCIENTECH's IssueAlerts are compiled based on independent analysis by
SCIENTECH
consultants.  The opinions expressed in SCIENTECH's IssueAlerts are not
intended to predict financial performance of companies discussed or to
be the basis for investment decisions of any kind.  SCIENTECH's sole purpose
in publishing its IssueAlerts is to offer an independent perspective regarding
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Copyright 2000.  SCIENTECH, Inc.

If you do not wish to receive any further IssueAlerts from SCIENTECH, please
reply to this message and in the body of the email type "remove."


Greg Whalley's four diamond level Astros tickets, plus parking pass, are
available for the games listed below.  Please advise me, asap,  if you have
an interest.

Many Thanks,

Liz Taylor x31935

COL  Wednesday, June 20 @ 7:05 p.m.
CIN  Thursday, June 21 @ 7:05 p.m.


ok, let me put something together on e-mail over the next day or so -
otherwise we will plan to be in Europe over the next 4 weeks or so.

regards
delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/09/2001
09:51 AM ---------------------------

Matthew Scrimshaw
02/09/2001 09:22 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Re: EES Europe - Outsourcing Reorganisation

Dave,

It would be really great for you to do that.  Unfortunately we start at
10.30am UK / 4.30am US time (the only slot we could get for the Auditorium).
It won't be as cool as a video link up, but if you give me a text message
addressed to all European staff, I'll read it out.

I'll get the senior guys together on Monday for the weekly EES 2.30pm UK /
8.30am US video conference call so you and Janet can at least speak to them.

Let's get you and Janet over to Europe to meet and greet the troops in person
later in the year when you guys realise what you have taken on!

Matthew

David W Delainey
09/02/2001 15:03
To: Matthew Scrimshaw/LON/ECT@ECT
cc:
Subject: EES Europe - Outsourcing Reorganisation

Matthew, would your Monday meeting be a good time (if the time change works)
for me to introduce myself and say a few words via video conference or the
like to your organization?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/09/2001
09:01 AM ---------------------------

Matthew Scrimshaw
02/09/2001 03:04 AM
To: Enron London EES Group
cc: John Sherriff/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, David W
Delainey/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Dan Leff/HOU/EES@EES,
Marty Sunde/HOU/EES@EES, Richard Lewis/LON/ECT@ECT
Subject: EES Europe - Outsourcing Reorganisation

Introduction

EES has been operating in Europe since late 1999 and in that time a lot of
progress has been made.  The teams who have worked on Outsourcing in Europe
have learnt a tremendous amount over the last year.  We now have a much
clearer idea of what should work today in the different jurisdictions that
comprise Europe and those elements of our offering with which customers are
most comfortable.

The phenomenally strong financial performance in 2000 of Enron Direct and
ETOL graphically demonstrate the future potential in Europe for a broad
retail energy business.  With Enron's retail energy presence in Europe firmly
established, we are restructuring our Outsourcing product offering and the
organisation to develop and deliver it, so that we broaden our activities and
successfully grow our earnings in line with shareholder expectations.

We now have a renewed focus in 2001.  The emphasis will be to work on only
the largest deals (by energy commodity spend) in those markets where we
already have a robust wholesale energy business and there is regulated and
economic third party access to retail power distribution systems.  The main
thrust of our offering will be commodity and Demand Side Management (DSM)
projects and our associated price risk management capabilities.  Commodity is
Enron's core competence and one where Enron should be in a position to
generate sizeable gross margin at closure.  DSM projects are also important
as they will deliver gross margin and are what differentiate us from the
commodity competition.  We will be focussing on shorter project lead times at
the front of a deal to ensure that we get to closure promptly - we need to
see 80% of the value in 20% of the time.  Whilst we retain an understanding
of O&M, this will not form part of our core offering and we will only
consider involvement in an O&M capacity on attractive margin transactions
where it is essential to the customer.  As the business develops it is likely
that, to some extent, we will build the necessary O&M delivery capability to
enhance the product offering in the future.

In those markets where we have limited wholesale capability or the third
party access to power distribution systems is not feasible in a retail
context, we will build and develop Utility Representation Services (URS) in
conjunction with a DSM project offering.  This knowledge based business will
allow us to develop retail customer networks in advance of economic system
access and also provide valuable market information back to the wholesale
business.  URS is ERPAG's core business and gives us a tremendous platform to
create a pan European URS competence.

Expertise in Supply Side Management has increasingly become an issue for the
origination team in EES Europe as we have begun to get into material deal
development.  Whilst it is vital that we remain totally coordinated with the
wholesale business for price risk management services, there will be a
renewed emphasis within EES Europe to develop those commodity skills that do
not reside in the wholesale business to allow us to promptly and effectively
price and structure retail commodity transactions to the delivery point.

Given the renewed focus outlined above, we have taken the opportunity to
streamline the Account Delivery and Management team, typically redeploying
staff where they can immediately support the development of new business for
EES Europe.  Effective Account Management remains a key capability for EES
and as we close deals with customers we will review our staffing need in this
area.

Organisation

After eighteen months working on establishing the outsourcing business in
Europe, Ron Bertasi has decided to transition back to the US during the first
half of 2001.  In the short term he will complete the Trillium property deal
and ensure that the energy and property deals are both successfully
launched.  I would like to take this opportunity to thank Ron, on behalf of
everyone in Europe, for all his hard work over the last eighteen months in
establishing the European Outsourcing business and in particular his
leadership on the Trillium deal which represents a substantial landmark for
the business.

Stuart Rexrode is now head of European Energy Services Outsourcing.  Stuart
will continue in a customer facing capacity as a lead originator, whilst
ensuring that all of the dimensions that comprise the Outsourcing team remain
appropriately focussed.  Bob Manasse will head up the origination team and
ensure that the deal pipeline remains full of substantial good quality
prospects.

Hala Tayyarah has been promoted to Manager within the Commodity team and will
provide commodity pricing support to the origination team.  Hala will report
to Peter Redpath until such time as a head of Supply Side Management is
appointed.

Reporting to Peter Redpath, Peter Ramgolam will lead a new activity,
Transaction Economics, supporting Origination by developing cashflow models
to determine deal economics, identify improvements to structures to optimise
value and capture transactions for risk management purposes.

Also reporting to Peter Redpath, John Parker will lead the implementation of
a Position Management activity.

The attached organisation charts show these changes in the revised structure
of EES Europe which is effective immediately.  Whilst these charts are
relatively self explanatory for the levels shown, there will be detailed
discussions over the next day or so to explain what the changes mean for
individuals.  Where boxes are labelled TBA, we hope to make appointments in
the near future.

At 10.30am on Monday 12th February we shall be holding a one hour EES-Europe
all employee meeting in the Auditorium in place of the usual weekly staff
meeting.  At this session we will talk about the 2001 Earnings Plan and
provide clarity on the deal process for Outsourcing and the reasoning behind
it.  Also, it will be an opportunity for you to raise any questions you may
have.  I look forward to seeing you there.

Matthew


---------------------- Forwarded by John Arnold/HOU/ECT on 03/06/2001 04:40
PM ---------------------------

"Piasio, Stephen [FI]" <stephen.piasio@ssmb.com> on 02/23/2001 08:09:13 AM
To:
cc:
Subject: FW: 2001 Natural Gas Production and Price Outlook Conference Call

>  <<...OLE_Obj...>>
>
> 2001 Natural Gas Production and Price Outlook Conference Call
>
>
>  <<...OLE_Obj...>> Salomon Smith Barney <<2001 Natural Gas Conference
> Call.doc>>
> Energy Research Group
> Analyst Access Conference Call
>
> 2001 Natural Gas  Production and Price Outlook
> Hosted by:
> Bob Morris and Michael Schmitz
>  Oil and Gas Exploration & Production Analysts
>
>  Date & Time:
> FRIDAY (February 23rd)
> 11:00 a.m. EST
>
> Dial-in #:
>  US:   800-229-0281 International:  706-645-9237
>
> Replay #: (Reservation: x 819361)
>  US:   800-642-1687 International: 706-645-9291
>
> Accessing Presentation:
> * Go to https://intercallssl.contigo.com
> * Click on Conference Participant
> * Enter Event Number:  x716835
> * Enter the participant's Name, Company Name & E-mail address
> * Click Continue to view the first slide of the presentation
>
> Key Points:
> 1. Natural gas storage levels appear to be on track to exit March at
> roughly 700-800 Bcf, compared with just over 1,000 Bcf last year at the
> end of the traditional withdrawal season.
> 2. Meanwhile, domestic natural gas production should rise 3.0-5.0% this
> year, largely dependent upon the extent of the drop in rig efficiency, or
> production added per rig.
> 3. Nonetheless, under most scenarios, incorporating numerous other
> variables such as the pace of economic expansion, fuel switching and
> industrial plant closures, it appears that storage levels at the beginning
> of winter will be near or below last year's 2,800 Bcf level.
> 4. Thus, it appears likely that the "heat" will remain on natural gas
> prices throughout 2001.
> 5. Consequently, we believe that many E&P shares will post solid gains
> again this year, spurred largely by mounting confidence in the
> sustainability of strong natural gas prices.
>
>

 - 2001 Natural Gas Conference Call.doc


Please go ahead with preparation of the talking points.  I'll give Ken a
heads up.
---------------------- Forwarded by Steven J Kean/HOU/EES on 08/14/2000 08:52
AM ---------------------------

Richard Shapiro
08/10/2000 06:11 PM
To: Steven J Kean/HOU/EES@EES
cc: Chris Long/Corp/Enron@ENRON
Subject: CFTC Reauthorization

I agree w/ chris's recommendation- you too?
---------------------- Forwarded by Richard Shapiro/HOU/EES on 08/10/2000
06:10 PM ---------------------------

Chris Long@ENRON
08/10/2000 05:12 PM

To: Mark E Haedicke/HOU/ECT@ECT, Steven J Kean/HOU/EES@EES, Richard
Shapiro/HOU/EES@EES, Mark Taylor/HOU/ECT@ECT, Joe Hillings/Corp/Enron@ENRON,
Cynthia Sandherr/Corp/Enron@ENRON, Tom Briggs/NA/Enron@Enron
cc: raislerk@sullcrom.com, Allison Navin/Corp/Enron@ENRON
Subject: CFTC Reauthorization

At his request, I met Lee Sachs, Assistant Treasury Secretary, who had
requested the meeting after a brief conversation recently.  Lee said that
senior-level negotiations led by Secretary Summers were initiated last week
between the CFTC and SEC and that progress was being made on the single stock
futures issue (the major issue postponing movement of the legislation).

As you know, the House completed committee work on HR 4541 before it
recessed.  The bill will now is pending before the Rules Committee where
differences will be worked out between the three different Committee versions
(Agriculture, Commerce, and Banking).  The Senate Agriculture Committee
passed out the Senate version in July.  However, the bill is not moving
quickly in the Senate due to Senator Phil Gramm's desire to see significant
changes made to the legislation (not directly related to our energy
language). Last week at the Republican Convention, I asked the Senator about
the bill and he said they were working on it, but much needs to be changed
for his support.  More telling perhaps, were Wendy Gramm's comments that she
would rather the current bill die if a better bill can be passed next year.
What this means is that we must, at the least, remove Senator Gramm's
opposition to the bill to move the process and more importantly seek to gain
his support of the legislation.

Lee Sachs message was just that.  I told Lee that we shared his desire to
move the legislation as long as it contains a full exclusion for all
non-agriculture commodities (including metals).  He said that we would have a
difficult time defending the metals provision politically. But, Lee said  "we
would not find Treasury opposition to the House Commerce Committee language"
(which includes favourable language on energy and metals).   This is a
positive development, because it isolates the CFTC from its key defenders and
I hope ensures no veto threat on our issues.  However, I do not expect
Treasury to be vocal in support of our position.  It is clear that
Congressional leaders and the Administration want to get this bill done this
year and there remains a good opportunity for enactment.

However, with less than 20 or so legislative days left, we need Senator Gramm
to engage.  A call from Ken Lay in the next two weeks to Senator Gramm could
be an impetus for Gramm to move his staff to resolve the differences.  Gramm
needs to fully understand how helpful the bill is to Enron.  Let me know your
thoughts on this approach.   I am prepared to assist in coordinating the call
and drafting the talking points for a Ken Lay/Sen. Gramm call.


I have one friend, I sent her your e-mail, await her reply.  Well keep you
aprised.  Are you going Friday night?  If so, is Mr. (the one you like) going?

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


Friday is good for lunch.  12:00 @ your choice.

 -----Original Message-----
From: 	"Nachawati, Nabil, M" <nnachawa@Central.UH.EDU>@ENRON [mailto:IMCEANOTES-+22Nachawati+2C+20Nabil+2C+20M+22+20+3Cnnachawa+40Central+2EUH+2EEDU+3E+40ENRON@ENRON.com]
Sent:	Sunday, August 12, 2001 9:15 PM
To:	Perlingiere, Debra
Subject:	RE: Lunch

 Dear Debra,

I want you to know that I am truly sorry for not meeting you for lunch. I
feel so bad. I am in Dallas right now visiting family. I was interviewing
for jobs in Atlanta last weekend. Anyway, I will be back in town on Thursday
of this week. Friday lunch would work great for me, just let me know. I want
you to fill me in on how you have been.

Your law clerk,

Majed Nachawati
-----Original Message-----
From: Perlingiere, Debra
To: nnachawa@Central.UH.EDU
Sent: 8/8/01 4:44 PM
Subject: Lunch

 Mr. Nemec and I were wondering when you might make a time available for
us in your impressive schedule for LUNCH !!!!!!!!!!!!!!  Any day but
Thursday  next week is good for me. Take care, let us know.

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

**********************************************************************
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.
**********************************************************************


Please find today's complimentary issue of Platts Energy Trader attached
above.  If you have any questions or would like to subscribe now, call
877-286-8897 or 212-904-2004; e-mail, info@platts.com. Meanwhile, we hope you
enjoy today's issue of Platts Energy Trader.

If you need to download Acrobat Reader to read this file, go to
www.adobe.com. To stop the free trial, hit reply and type "stop trial."

 - et032301.pdf


---------------------- Forwarded by Patrice L Mims/HOU/ECT on 11/30/2000
03:10 PM ---------------------------

	From:  Kevin Ruscitti                           11/30/2000 02:35 PM

To: Patrice L Mims/HOU/ECT@ECT
cc:
Subject: FOM

P,

Please forward this to GD.  Thanks,

Kevin


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MsgId: msg-23865-B10266052Address.msg-17:58:14(10-26-2000)
X-Version: mailer-sender-master,v 1.84
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Message-Recipient: benjamin.rogers@enron.com


[IMAGE]

SFX Music / San Antonio Concert Upda= te
3D

3Dupcomming=

The Anger Management Tour with Limp Bizkit =

Godsmack, DMX, Sinisstar,
November 28, 2000
Alamodome
On sale Now!=A0=A0
3DBuy

CLICK HERE TO UNSUBSCRIB= E FROM THIS LIST OR
UPDATE YOUR EMAIL ADDRESS
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Have a great Thanksgiving and tell mom and nick hello for me.Sorry things
didn't get any better last couple of days.   Ken


I spoke with Ms. Renken the end of March at which time we had reached an
impasse on  Force Majeure  issues as well as others.   I am attaching their
redline for you to see.  Please note also their requested changes to credit
sections.

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


Are we OK with this confidential treatment?

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 05/15/2001 11:21 AM -----

	CRCommunications <CRCommunications@caiso.com>
	05/15/2001 09:13 AM
	Please respond to "Sole, Jeanne"; Please respond to " Formanek, Norma" ;
Please respond to " Robinson, Charlie"

		 To: ISO Market Participants
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI
CIPANTS@caiso.com>
		 cc:
		 Subject: CAISO Notice: Subpoena from the California State Senate Select Co
mmittee to Investigate Price Manipulation of the Wholesale Energy Market

Market Participants and Scheduling Coordinators:

Attached please find a letter from the California State Senate Select
Committee to Investigate Price Manipulation of the Wholesale Energy Market
indicating the confidential treatment it will afford confidential
information submitted by the CA ISO to the Committee in response to the
subpoena circulated to Market Participants on April 30 (attached).  The
letter provides that the deadline for a response by the CA ISO is extended
to Friday, May 18 at 9:00 AM.  This message is to inform Market Participants
that the CA ISO will comply with the subpoena in a timely manner unless it
gets a valid court order to the contrary by close of business (5:00 PM)
Thursday, May 17.  The CA ISO will seek confidential treatment under the
letter for information subject to 20.3 of the CA ISO tariff and other
confidential material.

Any concerns relating to the subpoena should be communicated to Jeanne Sole
at 916-608-7144 and jsole@caiso.com <mailto:jsole@caiso.com>  and copied to
Charlie Robinson at crobinson@caiso.com <mailto:crobinson@caiso.com>  and
Norma Formanek at nformanek@fbm.com <mailto:nformanek@fbm.com> . The
relevant contact related to the subpoena is on the subpoena itself.
Jeanne M. Sol,
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________

The Foregoing e-Mail Communication (Together With Any Attachments Thereto)
Is Intended For The Designated Recipient(s) Only. Its Terms May Be
Confidential And Protected By Attorney/Client Privilege or Other Applicable
Privileges.  Unauthorized Use, Dissemination, Distribution, Or Reproduction
Of This Message Is Strictly Prohibited.

 - Senate Confidentiality Agmt.pdf
 - SenatorS.pdf


Tom Hatch asked me today why Enron did not just settle cheap with Farallon
and Legg Mason and walk away from all these cases.? I told him we were
considering it, but Enron did not want to encourage anyone else to sue Enron
by showing a willingness to pay money just to get out of a lawsuit.? Tom
replied that he thought that there was virtually no chance that anyone else
would sue Enron now.? Since Hatch's clients have appeared to be the most
likely prospects for still suing Enron, this was a very encouraging
conversation.

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.


Anyone want to place bets on how long it is before Erik comes back w/ an email similar to:

"Men, all the banter is appreshe 8-ted and good.  However, (once again) there has been only talk of noncents, and noone has respanded to the proposol regarding dinner. I therefoar suggest rsvp by toomarrrough."

-----Original Message-----
From: Brad Corrier [mailto:bcorrier@cox-internet.com]
Sent: Thursday, February 14, 2002 10:44 AM
To: chad knipe; EriK Wollam; Chet Fenner; c.r.zander@att.net; Joe Parks; John Chambers; Brian Constantine; lawfeder@msn.com; c.r.zander@worldnet.att.net
Subject: Re: Man Night

Maybe Joe is just the patsy .....not the real trigger man

----- Original Message -----
From: chad knipe <mailto:knipe3@msn.com>
To: EriK Wollam <mailto:erwollam@hotmail.com> ; Brad Corrier <mailto:bcorrier@cox-internet.com> ; Chet Fenner <mailto:chet_fenner@bmc.com> ; c.r.zander@att.net <mailto:c.r.zander@att.net> ; Joe Parks <mailto:joe.parks@enron.com> ; John Chambers <mailto:John.Chambers@Bisys.com> ; Brian Constantine <mailto:brianc@saltgrass.com> ; lawfeder@msn.com <mailto:lawfeder@msn.com> ; c.r.zander@worldnet.att.net <mailto:c.r.zander@worldnet.att.net>
Sent: Wednesday, February 13, 2002 9:01 PM
Subject: Re: Man Night

Regarding the "Valentines Story".......so it was the Marines that got blood on the clown suit??

----- Original Message -----
From: Erik Wollam
Sent: Wednesday, February 13, 2002 12:43 PM
To: bcorrier@cox-internet.com <mailto:bcorrier@cox-internet.com>; knipe3@msn.com <mailto:knipe3@msn.com>; chet_fenner@bmc.com <mailto:chet_fenner@bmc.com>; c.r.zander@att.net <mailto:c.r.zander@att.net>; Joe.Parks@enron.com <mailto:Joe.Parks@enron.com>; john.chambers@bisys.com <mailto:john.chambers@bisys.com>; brianc@saltgrass.com <mailto:brianc@saltgrass.com>; lawfeder@msn.com <mailto:lawfeder@msn.com>; c.r.zander@worldnet.att.net <mailto:c.r.zander@worldnet.att.net>
Subject: Man Night

Men:

Hunting season is over. It is now working season. All email threads are
gone. No one talks to one another. This is wrong.

I therefor propose man night February 28th, 2002 at some location yet to be
determined, such as Tony's mexican food...on Ella.

e.

_________________________________________________________________
Chat with friends online, try MSN Messenger: <http://messenger.msn.com>


Andy Edison will be helping you with this matter.

	Robert Walker
	12/14/2000 04:14 PM

		 To: Cynthia Hakemack/HOU/ECT@ECT
		 cc: Richard B Sanders/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT, Shawna
Flynn/HOU/ECT@ECT
		 Subject: Romasdale/Lynx Demand Letter and Payments.

Concerning the payments due Romasdale and all subsequent payments due,
Richard Sanders with ENA Legal will contact you next week with instructions
on how to proceed in this matter.

I will be out of the office until December 27, 2000.  If you have any
questions about this matter please direct them to Mr. Sanders attention.

Thanks.

Bob.


Let him know i sent you!!

Jay Marks Mazda
10475 SW Freeway at West Belfort

August Haneefa Al-Uqdah
Fleet Manager

direct 713-414-2318 or 713-772-6601
pager 713-786-9128
fax 713- 772-3076


I am sure you already know this - you owe me for babysitting fees!

 -----Original Message-----
From: 	Gustafson, Mollie
Sent:	Wednesday, October 24, 2001 3:16 PM
To:	Choi, Paul; Rosman, Stewart; Malowney, John; Bruce, James; Bryson, Jesse; Buerkle, Jim; Burry, Jessica; Cadena, Angela; Calger, Christopher F.; Clark, Ed; Donovan, Terry W.; Elafandi, Mo; Eriksson, Fredrik; Etringer, Michael; Gilbert, Jim; Guillaume, David; Gustafson, Mollie; Lackey, Chris; Mainzer, Elliot; Mumm, Chris; Oh, Jeffrey; Page, Jonalan; Perry, Todd; Shields, Jeff; Slaughter, Jeff G.; Thomas, Jake; Thome, Stephen; Van Gelder, John; Villeggiante, Theresa; Wente, Laura; Woodland, Andrea
Cc:	Davidson, Debra; Axford, Kathy; Mehrer, Anna; Chatterton, Jill; Sheppard, Kathryn; Butler, Emily; Hall, Erin; Ausenhus, Kara; Kearney, Julie; Rodriguez, Grace; Deas, Patty; Blackburn, Jody; King, Jan M.; Belden, Tim; Zavala, Cristina; Hrach, April; Fuller, Dave; 'cynthia@travelpark.com'
Subject:	Administrative Changes

In order to provide the appropriate administrative support for Origination and Mid-Marketing, the Origination administrative group is re-distributing responsibilities.  Please know that we work as a team and support each other.  Should you need support when your assistant is unavailable, please see another assistant in our group.

Listed below are the changes.  This is effective immediately.

Mollie Gustafson	Jessica Burry	Theresa Villeggiante
Chris Calger	Paul Choi	Steve Thome
Jake Thomas	John Malowney	Laura Wente
Jeff Shields	Stewart Rosman	JonAlan  Page
Jeff Slaughter	John Van Gelder	Todd Perry
Ed Clark	Jim Buerkle	Angela Cadena
Jim Gilbert	Chris Lackey	Andrea Woodland
Mike Etringer	Elliot Mainzer	Fredrik Eriksson
Dave Fuller	Jesse Bryson 	David Guillaume
		Chris Mumm
		Mo Elafandi
		James Bruce

Please let me know if you have any questions.  Thank you for your patience and understanding during this transition.

Mollie


2.  I believe SWPC further agreed that the assignment to the LLCs (and the
subsequent transfer of equity) will not affect the terms of the contracts,
including the warranties.

	Enron North America Corp.

	From:  Mitch Robinson                           12/05/2000 06:38 PM

To: Don Miller/HOU/ECT@ECT
cc: Stuart Zisman/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron

Subject: SWPC Transfer

Don -

Please forward on to Allegheny.

In order to facilitate the smooth transfer of the assets, to close out the
turbine purchase contracts, and to provide Allegheny with unused generation
capability at Gleason, we are entering into an agreement with Siemens
Westinghouse Power Corp ("SWPC") which will effect the Gleason and Wheatland
facilities in the following way.

1.  Increase the permissible power level at Gleason on each of the turbines
from 182mw to 185mw.  Specifically, SWPC will allow the three Gleason units
to each have a maximum operating capability of 185,000kw and will reset the
control curves accordingly.  SWPC further will agree that operation of the
Gleason units up to and including 185,000 kw is within normal operating
parameters and operation up to and including this level will not invalidate
the warranty.  SWPC has agreed to make this change within one week after we
give them authorization.

2.  SWPC agrees that the Gleason and Wheatland contracts and associated
warranties may be assigned to limited liability companies owned in whole or
in part by an Enron entity pursuant to the terms and conditions of the
Gleason and Wheatland contracts, and that SWPC's consent to such assignments
will not be unreasonably withheld.  SWPC will honor warranty claims currently
outstanding or asserted in the future by the contract assignee, assuming such
assignment is in accordance with the terms and conditions of the Gleason and
Wheatland contracts.

3.  SWPC agrees to assist Enron in providing technical information, including
redacted copies of the purchase contracts, applicable technical bulletins,
etc. to Allegheny.  This information will be limited to information which is
currently available to Enron and of a technical nature only.

I believe all of these features are significantly beneficial to Allegheny.
Please ask Allegheny for feedback, as we will be entering into the agreement
by the end of the week.

Regards,

Mitch Robinson


---------------------- Forwarded by Steven J Kean/NA/Enron on 08/23/2000
11:42 AM ---------------------------

	From:  Ann M Schmidt                           08/23/2000 10:41 AM

To: Steven J Kean/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON
cc:

Subject: President Clinton Press Release

Following is a link to the actual White House page with the statement from
Clinton today.


FYI
 -----Original Message-----
From: 	John Wyman <jwyman@houstonstreet.com>@ENRON [mailto:IMCEANOTES-John+20Wyman+20+3Cjwyman+40houstonstreet+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, May 23, 2001 10:43 AM
To:	Shults, Bob
Subject:	Fill Transaction Count.

Bob,
Here are the details for the fills.  We actually cleaned out the database
just prior to 3:00 PM CST yesterday in preperation for the testing.  If you
could reconcile based ont he first deal datetime and count from their
forward that would be great.

Here are the details.

user		Fills
----------------	----------
arizona		12
avista		3
adams		17
bptrader		57
Total		89

First fill datetime stamp to start counting from : 5-22-2001 14:58:31.440
CST.

If you could count forward from that point we should be in sync.

Thanks,  Give me a call if you have any questions.

Thanks again for taking the time yesterday to go over the latest version of
the application.  Flight back was a bit long - got into Boston at 1 AM and
didn't get home til 2:30 AM...

John Wyman
HoustonStreet Exchange
(603) 766-8730
(603) 591-9004 (cell)
(603) 433-6875 (fax)


These deals have unwind legs, I am pulling the tickets to send you the corresponding deal #'s.  The unwinds were done this way per the central orig group.  I am faxing you our copies as soon as we get them.
Bruce

 -----Original Message-----
From: 	Anderson, Diane
Sent:	Friday, October 19, 2001 1:38 PM
To:	Mills, Bruce; Brady, Edward
Cc:	Giron, Darron C.; Ornelas, Bianca
Subject:	Twister Unwinds

 Hi Bruce/Edward -

I am preparing the Termination for the Twister deal below.  Can you kill or zero out (whichever is applicable to the particular deal) the effected deals in TAGG, and also put a comment on the annuity leg to reflect which deals that payment references?

VL2515.1 should be killed
Y05186.2 should be killed

VN4969.1 partially terminated (Oct 01- Nov 01 only)
VU4647.1 partially terminated (Oct 01 - Dec 01 only)
Y05186.1 partially terminated (Oct 01 - Dec 01 only)

And the annuity leg Y05186.7 should have a comment reflecting that this payment is for the termination of these deals.

Thanks,
Diane

 -----Original Message-----
From: 	Giron, Darron C.
Sent:	Tuesday, October 16, 2001 1:14 PM
To:	Anderson, Diane
Subject:	Heartland and Twister Unwinds

Diane,

Heartland Energy Group, Inc.
We essentially terminated VU4418.1 and VZ4240.1 on 9/24/01 and paid them $69,200 on 9/26/01 which is in VZ4240.3

Twister Gas Services, LLC
This is more complicated.  We terminated VL2515.1 and Y05186.2 totally.  We partially terminated VN4969.1 (Oct-01 & Nov-01 only), VU4647.1 (Oct-01 thru Dec-01 only), and Y05186.1 (Oct-01 thru Dec-01 only).  They were terminated on 9/24/01 and they were paid $116,700 on 9/26/01 which is in Y05186.7

I sent a fax to 713-646-2495 of the Termination Agreement they have for a prior deal.  They want one similar to this for these two deals.  Please call if you have any questions.  I appreciate your help.

DG
3-9573


Here are the verses .  See you tonight.   Love, me
 - scripture.doc


---------------------- Forwarded by John Arnold/HOU/ECT on 05/11/2001 11:53
AM ---------------------------
From: Jason R Williams/ENRON@enronXgate on 05/11/2001 10:50 AM
To: Phillip K Allen/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Hunter S
Shively/ENRON@enronXgate, Thomas A Martin/ENRON@enronXgate, John
Arnold/HOU/ECT@ECT
cc: William S Bradford/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate,
Russell Diamond/ENRON@enronXgate
Subject: PG&E Energy Trading

Phillip, Scott, Hunter, Tom and John -

Just to reiterate the new trading guidelines on PG&E Energy Trading:

1.  Both financial and physical trading are approved, with a maximum tenor of
18 months

2.  Approved entities are: PG&E Energy Trading - Gas Corporation
    PG&E Energy Trading - Canada Corporation

    NO OTHER PG&E ENTITIES ARE APPROVED FOR TRADING

3.  Both EOL and OTC transactions are OK

4.  Please call Credit (ext. 31803) with details on every OTC transaction.
We need to track all new positions with PG&E Energy Trading on an ongoing
basis.  Please ask the traders and originators on your desks to notify us
with the details on any new transactions immediately upon execution.  For
large transactions (greater than 2 contracts/day or 5 BCF total), please call
for approval before transacting.

Thanks for your assistance; please call me (ext. 53923) or Russell Diamond
(ext. 57095) if you have any questions.

Jay


Start Date: 1/18/02; HourAhead hour: 11;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011811.txt
Error: dbCaps97Data: Cannot perform this operation on a closed database
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Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database


We are making a number of significant organizational changes.  These changes
are intended to accomplish four key objectives:

First, we need to realign all our wholesale businesses around the successful
business model developed over the last decade in North America and Europe.
This model relies on extensive physical and transactional networks built
around a relatively small strategic asset position.

Second, we need to significantly streamline corporate reporting
relationships.  Particularly with Joe Sutton,s departure, the ability to
directly manage the day-to-day activities of 15 independent business units
has become increasingly difficult.

Third, we need to accomplish these changes without, in any way, compromising
the ongoing profitability of all our businesses and without delaying or
hindering our effort to monetize a significant portion of our lower-yielding
asset positions.

And fourth, as always, we need to take advantage of the reorganization to
redeploy our talent into our highest value opportunities.

ENRON WHOLESALE SERVICES

Today, we are forming Enron Wholesale Services (EWS) which will consolidate
our global wholesale businesses.  The closer alignment of our wholesale
businesses will accomplish the following: (1) enhanced communication and
coordination across business units, (2) more rapid deployment of people to
higher valued opportunities, (3) more effective prioritization of
opportunities across the wholesale business, and (4) more rapid extension of
Enron,s wholesale business model and capabilities into new industries and
markets.

Enron Wholesale Services will include our current North American, European
(including Japan and Australia), Global Markets, and Industrial Markets
operations, and will be expanded to include Enron,s Net Works business unit
as well as a new unit ) Enron Global Assets.  In addition, Enron,s merchant
businesses outside of North America and Europe will be integrated into this
new structure as described below.

Mark Frevert, currently Chairman of each of our wholesale units, will assume
the role of Chairman and CEO of Enron Wholesale Services.  Greg Whalley,
currently Chairman and CEO of Enron Net Works, will join Mark in the Office
of the Chairman as President and Chief Operating Officer.

Providing further impetus for these organizational changes, several of our
international business unit leaders have elected to move into new leadership
positions:

Rebecca McDonald, currently CEO of Enron APACHI, will join EWS as President
and CEO of Enron Global Assets. Enron Global Assets will have responsibility
for managing all of Enron,s existing energy asset portfolio outside of North
America and Europe.  Joining Rebecca in the Office of the Chairman as COO
will be Jim Hughes, currently COO of Enron APACHI.  Rebecca and Jim will
report to the EWS Office of the Chairman.

Sanjay Bhatnagar, currently CEO of Enron India, has joined EBS as CEO for the
Middle East and Asia region.  Sanjay will be responsible for building our
broadband business in this region and the current EBS team in this region
will report to Sanjay.  In this role, Sanjay will report to the EBS office of
the Chairman.  In addition, Sanjay will continue to remain responsible for
Enron,s wholesale energy business in India and will transition this business
into Enron Global Assets in the near future.

Diomedes Christodoulou, currently Co-CEO of Enron South America, has joined
EBS as Chief Commercial Officer.  Diomedes will be located in London and will
focus his origination activities on global opportunities, with near term
attention to the wholesale and enterprise sectors.  Diomedes will report to
the EBS Office of the Chairman.

Jim Bannantine, currently Co-CEO of Enron South America, will be joining EES
to lead EES, commercial efforts outside North America and Europe.  In order
to ensure a smooth transition for our South American businesses and to
facilitate our asset sales activities, Jim will remain in South America for
at least the next several months and continue to serve as CEO of Enron South
America.  Throughout the transition, Jim will report to Cliff Baxter and to
the Office of the Chairman of Enron Wholesale Services.  Following the
transition, Jim will join EES.

In addition to these changes in our international asset operations
activities, we are making the following changes in our merchant wholesale
businesses and the commercial support functions:

Enron Net Works
Louise Kitchen will assume Greg,s previous responsibilities as President and
CEO of Enron Net Works, reporting into Mark and Greg.

Enron Americas
Concurrent with the transfer to Enron Global Assets of responsibility for
operating Enron,s South and Central America asset base, all trading,
marketing, and new asset development activities in these regions will report
into a new entity, Enron Americas.  Enron Americas will have responsibility
for all wholesale merchant businesses across North, Central and South
America.  Dave Delainey, President and CEO, and John Lavorato, Chief
Operating Officer will comprise the Office of the Chairman for Enron
Americas.

Enron Europe
The Enron Europe organization, which includes Enron,s businesses in Australia
and Japan, and Enron Metals, remains unchanged under the leadership of John
Sherriff, President and CEO, and Michael Brown, Chief Operating Officer.

Enron Global Markets
Enron Global Markets, under the leadership of Mike McConnell, President and
CEO, and Jeff Shankman, Chief Operating Officer, will continue to have
responsibility for Enron,s Middle East and LNG operations.  With the
exception of Ecoelectrica in Puerto Rico, all operating power plants and
associated personnel in the Caribbean and Central America will transfer to
Enron Global Assets.  Enron Global Markets will also continue to manage the
commodity businesses in crude and products, coal, weather, insurance,
equities, interest rates, foreign exchange, and agricultural products.

Enron Industrial Markets
Enron Industrial Markets, organization, under the leadership of Jeff McMahon,
President & CEO, and Ray Bowen, Chief Operating Officer, remains unchanged.

Commercial Support for EWS
The commercial support functions for EWS will remain with, and be managed by,
the individual business units.  We are creating no incremental overhead in
the creation of EWS, and in fact hope to reduce our operating costs by more
efficient utilization and sharing of resources across EWS.

To this end we have asked several people to take on an expanded role across
EWS in addition to their ongoing roles within their business units.  These
newly defined roles are as follows:

Mid and Back Office Operations ) Sally Beck will lead Mid and Back Office
Operations across EWS.  These services will become part of Enron Net Works,
with Sally reporting to Louise Kitchen and Rick Causey, Executive Vice
President and Chief Accounting Officer.  This alignment creates a coordinated
services organization with IT and e-commerce platforms to support the
wholesale businesses and to maximize opportunities to commercialize these
services.  Mid and Back Office services for all commercial activities will
continue to be organized with dedicated operations controllers responsible
for specific commodities and/or geographic locations.
Legal ) Mark Haedicke will serve in the role of General Counsel for EWS.
Regulatory and Government Affairs ) This function will remain organized on a
regional basis.  Rick Shapiro will support all EWS businesses operating in
the Americas, and Mark Schroeder, who is based in London, will support all
European and Eastern Hemisphere operations.  Rick and Mark will also continue
to support all other Enron businesses operating in their respective regions
and will continue to report to Steve Kean, Executive Vice President and Chief
of Staff.
Public Relations ) This function is also organized primarily on a regional
basis.  Eric Thode will have responsibility for North American activity,
Enron Net Works, and Enron Industrial Markets.  Jackie Gentle will continue
in her role for Enron Europe (including Japan and Australia) and John Ambler
will have responsibility for activity outside North America and Europe as
well as providing support for Enron Global Markets and Enron Global Assets.
These individuals will also continue to have a split reporting relationship
to Mark Palmer, Vice President of Communications.
Business Analysis and Reporting ) Wes Colwell will expand his role to cover
EWS reporting in addition to his current role in North America.

Attached for your review is an organization chart for Enron Wholesale
Services which summarizes the changes described here.  As this organization
continues to evolve we will keep you informed of any additional changes.

ENRON GLOBAL EXPLORATION AND PRODUCTION
AND ENRON WIND

 As part of our company-wide initiative to examine our assets and investments
around the world, we are considering a variety of options with respect to
EGEP and EWC.  As a consequence, we are putting these businesses under Cliff
Baxter,s direction.  Jeff Sherrick, CEO of EGEP, and Jim Noles, CEO of Enron
Wind, will report to Cliff.

CORPORATE STAFF

 We are consolidating the corporate staff functions: Human Resources,
Government Affairs, Public Relations/Communications and Administration.  In
that regard, Cindy Olson, Executive Vice President of Human Resources and
Community Relations, will report to Steve Kean, Executive Vice President and
Chief of Staff.

COMMITTEE STRUCTURE

 In light of the increased leadership opportunities created by Enron,s
growth, the Executive Committee will be expanded to include more of our
business unit leaders.  The primary role of this committee will continue to
be the communication of relevant information across Enron,s businesses and
the coordination of activities across those businesses.  We will also be
drawing on this group to lead company-wide initiatives such as the
performance review process and evaluation and creation of new businesses.
The Executive Committee membership is shown on the attached list.

 We are also forming a new committee ) the Enron Corporate Policy Committee.
This group will be responsible for overall corporate policy, personnel
management policy and corporate strategy.  The Enron Corporate Policy
Committee membership is also shown on the attached list.

 We are confident that these changes will align our talent and our capital to
our highest return opportunities.  Please join us in congratulating and
supporting all of these individuals in their new roles.


Hey!  Hope you're doing well and getting some sleep.  John asked me to send you an e-mail concerning the move of Dick Lydecker under the Wholesale investing effort headed by Kevin Garland.  I have attached the April assets listing for your reference.  It was John's sense that he would want to place certain assets under Dick which aren't currently his, such as AIG and maybe even Bridgeline.  We should probably make some cut that could be different than the existing owners. Other  Investments of note:  Onondaga
                                All of Mike Miller's stuff( I assume including Destec)
                                Some of Redmond's retained assets (see p. 4)
                                East Coast Power loan --  $30mm
                                All of the CLO Investments

These would all be candidates to move some of which might land with Dick anyway.  I think John just wanted you thinking about this.  Call me if you have thoughts or need further info.  By the way, I scanned other B/S accounts and nothing exists there which should be moved

Wes

 -----Original Message-----
From: 	Vargas, Hope
Sent:	Friday, June 01, 2001 8:27 AM
To:	Colwell, Wes
Subject:	April Assets

Please refer to the "Contact" tab.


Start Date: 1/27/02; HourAhead hour: 8;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012708.txt


Jeff,

Seth Spalding here, director of research at epoch partners. We met via
satellite this january when you presented at CE unterberg towbins conference
in New York. I have since moved from ceut to epoch partners. In any case, I
ran across a company, backed by bill tai at redpoint ventures, that has some
excellent distributed IP technology used to bring SS7 like functionality to
IP networks. I thought you or someone at enron might be interested in
speaking with them in light of your bandwidth exchange plans. The company is
called eyefrog, and has nothing of depth available on their website. If this
would be of interest to you, please let me know and I would be happy to put
you in touch.
Regards,
Seth Spalding
--------------------------------
Seth Spalding
Director, Equity Research
Epoch Partners
415-315-3155
sent via wireless


There were two Cedar Resource deals:

 No. 1   12/1/2000 through 11/30/2002 (two years)  1000/month @ $4.83/dth

 No. 2 12/1/2000 through 11/30/2001 (one year)  1500/month @ $5.30/dth

Hope this helps.

Jim


Congratulations on your new responsibilities.  I look forward to working with
you on the Litigation Unit stuff (as Eric will advise you, a very pleasant
task!).  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 09/26/2000
04:22 PM ---------------------------

Michael Moran
09/26/2000 03:47 PM
Sent by: Emily Sellers
To: Janet Cones/FGT/Enron@ENRON, Peggy Phillips/FGT/Enron@ENRON, Maxine
Smith/ET&S/Enron@ENRON, Ann Smith/ET&S/Enron@ENRON, Martha
Benner/ET&S/Enron@ENRON, Lee Huber/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON, Staci Holtzman/FGT/Enron@ENRON, Frazier
King/FGT/Enron@ENRON, Kathy Ringblom/ET&S/Enron@ENRON, Jim
Talcott/ET&S/Enron@ENRON, Philip Crowley/ET&S/Enron@ENRON, Louis
Soldano/ET&S/Enron@ENRON, Dorothy McCoppin/FGT/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON, Dari Dornan/ET&S/Enron@ENRON, Candace
Kyle/ET&S/Enron@ENRON, Kim Wilkie/ET&S/Enron@ENRON, Jan
Cobden/ET&S/Enron@ENRON, Colleen Raker/ET&S/Enron@ENRON, Denise
LaGesse/ET&S/Enron@ENRON, Maria Pavlou/ET&S/Enron@ENRON, Tony
Pryor/ET&S/Enron@ENRON, Brian Hensley/ET&S/Enron@Enron
cc:

Subject: Changes in Administrative Responsibilties

Please see attached memo.


Mark the position is relatively straight forward. Enron Australia Finance
Pty.Ltd.(EAF) trades Australian Power Derivatives under what is known as an
exempt market declaration (safe harbour provision). There are a number of
requirements to be met under this Declaration including a list
"qualifications" of the persons who can enter into a transaction. The only
qualification likely to apply to a non- Australian resident is if  a party
registered under the Declaration (such as EAF) reasonably believes  that the
entity has tangible assets with a market value of at least AUD10M (USD6M).

What happens if we contract with someone who does not have this asset level
and none of the other tests apply? In all likelihood nothing. However, the
Australian Regulator (ASIC) would expect EAF to have procedures in place
aimed at compliance with the provisions of the Declaration. We are required
to report annually on these procedures. We are also currently in discussions
with ASIC aimed at extending our Declaration to all products traded through
EOL in Australia. This is to ensure we are prepared should legislative
changes eventuate next year requiring trading in all derivatives to be
licenced. Any suggestion that we do not have procedures in place to ensure
compliance with the intent of our current declaration would be of extreme
concern to ASIC. They placed particular emphasis on our assurances that we
are not going to be entering the "retail" market and will have procedures to
ensure this occurs.

In essence what am saying is that we need to be able to point to procedures
to show we are taking reasonable steps to ensure that our counterparties meet
the qualifications to trade power derivatives.  My concern is not with
Australian companies - there are a number of tests that apply to them apart
from just asset level.  Also we can handle them from here.But when a company
appears on Tana's list that is say incorporated in the US and does not trade
in Australia there seems no way of checking unless some assessment is  made
of its asset level. I thought this was being done as per procedures developed
(see procedures attached to following email).

Rather than bounce emails between us can we arrange a brief phone discussion
on this point?

From: Mark Taylor@ECT on 18-08-2000 11:25 CDT
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Tana Jones/HOU/ECT@ECT

Subject: EnronOnline access to Australian Power products

Thanks for dealing with Tana on these issues.  It is not entirely clear to me
what you want the policy to be regarding which counterparties have access to
Australian power products.  You probably already know that the EnronOnline
people want every counterparty everywhere in the world to have access to
every product unless Credit or Legal can justify restricting their access.
Credit already performs a financial test on each counterparty to determine if
they meet the CFTC Eligible Swap Participant requirements.  Unfortunately,
that test is not as restrictive as the Australian tangible assets test.  It
sounds like there should be a US$6 million tangible assets test applied by
Credit before we give any counterparty access to Australian Power (this would
be a total pain but certainly possible).  On the other hand, if you feel
comfortable giving access to non-Australian counterparties  without that test
being performed, we can do that, too.  Pleas let me know if we should ask
Credit to start performing this test on all counterparties or if it should be
limited to Australian entities.


Are you able to go off campus for lunch?  I was thinking about just driving
by and picking you up.  Let me know where.
Ben


-----Original Message-----
From: 	McMichael Jr., Ed
Sent:	Monday, October 15, 2001 8:23 AM
To:	Breslau, Craig; Lagrasta, Fred; Josey, Scott; Luce, Laura; Mrha, Jean; Redmond, Brian; Tycholiz, Barry; Vickers, Frank W.; Black, Don; Donovan, Terry W.; Hewitt, Jess P.; Jones, David
Cc:	Solis, Melissa; Butler, Monica; Boyt, Eric; Breese, Mark; Cramer, Chris; Curlee, Steven; Diamond, Russell; Dicarlo, Louis; Fitzwater, Loftus; Garcia, Santiago; Garza, Maria; Gregory, Paul; Hernandez, Alex; Horne, Jonathan; Huan, George; Irvine, Geraldine; Lian, Mark; Little, Kelli; Martin, Jabari; Moon, Eric; Solis, Melissa; Tian, Yuan
Subject:	Clean Sweep today

Gas Structuring is starting its "Clean Sweep" process today at 3:00 PM on the 32nd floor.  Clean Sweep is the process that the move coordinators have instituted to eliminate unnecessary storage of outdated material in the new building.  So, Gas Structuring will close for business effective 3:00 PM today and reopen tomorrow morning.  If you or anyone on your team have an urgent matter that has to be addressed today, please make every effort to get to us in time for us to respond before 3:00 PM.  Also, please forward this notice to the persons on your respective teams.  If you have any questions, please ask.
Thanks,
Ed

PS  The move "regulators" are reported to be providing refreshments and snacks for this event.  As such, we are seeking proposals to "pass through" these "incentives" to any person or persons who would like to "outsource" our sweep process.  Proposals will be accepted up until 12:00 PM today.  We reserve to right to accept all or any part of  any proposal and may or may not negotiate with one or more parties to provide the sweep service.  All sweep outsourcing proposals are subject to move regulator approval.  Any change in move regulation that results in a reduction in incentives being enjoyed by Gas Structuring will require that the outsourcing party keep Gas Structuring whole.  Baseball arbitration for all disputes.  This agreement will be governed by Texas Law and we will give the successful outsourcing party(ies) our contract to sign immediately prior to work commencing.  No changes to the contract will be allowed since the move regulators have already approved the agreement.  We will answer no questions regarding the size or number of files to be swept.  You must obtain any information regarding the size or number of files, type or quantity or refreshments, type and quantity of snacks and other such data from public sources.  We will accept cash above all other forms of consideration.


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-----Original Message-----
From: 	Lebrocq, Wendi
Sent:	Thursday, October 04, 2001 6:04 PM
To:	Lambert, Karen; Jones, Tana; Schott, Samuel; Brackett, Debbie R.; Clark, Cynthia; Enron Europe Global CounterParty,; Sever, Stephanie; Moran, Tom; Clark, Claudia; Bradford, William S.; Lees, Lisa; Fayett, Juana; Morse, Jana; Le, Trang; Maley, Paul; O'day, Karen; Rohauer, Tanya; Lombardi, Kelly; Lindsay, Brian; EOL Call Center; Hare, Bill D.; Heffernan, Amy; Lafuze, Molly; Clark, Danny; Panus, Stephanie; Mandola, Teresa; Ebow, Amber; Coleman, Tandra; Campbell, Lesli; Lebrocq, Wendi; Taylor, Mark E (Legal); Lauer, Kara; Banner, Kimberly; Mcquade, Jennifer; George, Fraisy; Guillory, Michael; Rajaram, Aparna; Monterrey, Maribel; Lebeau, Maria; Escamilla, Albert; Curry, Ken
Subject:	EOL and Clickpaper Approvals: 10-4-01

Please see attached.

Regards,

Wendi LeBrocq
3-3835


Cool!
m


Howard,

Sorry for the delay.

I shall be able to get back to you next week. A very interesting new research
idea came up
and we have to close a few loops internally.

Vince

"Kunreuther, Howard" <kunreuth@wharton.upenn.edu> on 04/05/2001 08:42:44 PM
To: "Kaminski (E-mail)" <vkamins@enron.com>
cc: "Kleindorfer, Paul" <kleindorfer@wharton.upenn.edu>
Subject: Status of Enron Project

Hi Vince:

Just a short note to indicate that we have not heard received any information
from your group since our discussion at Wharton in February. We look forward
to get some information on what issues you would like us to spend some time
thinking about.

Hope all is well.

Regards,

Howard

 Howard Kunreuther
Cecilia Yen Koo Professor of Decisions Sciences and Public Policy
Chairperson   Operations and Information Management Department
1326 Steinberg Hall-Dietrich Hall
Wharton School
University of Pennsylvania
Philadelphia, PA 19104-6366
Phone:215-898-4589
FAX:215-573-2130
Email:kunreuth@wharton.upenn.edu


I will call you tonight!

"Cindy White" <cwhite@viviance.com> on 12/11/2000 01:31:17 PM
To: <Sally.Beck@enron.com>
cc:
Subject: RE: breakfast pizza

thanks--would it be easier to read it to me over the phone so you don't have
to type it tomorrow?

-----Original Message-----
From: Sally.Beck@enron.com [mailto:Sally.Beck@enron.com]
Sent: Monday, December 11, 2000 1:23 PM
To: cwhite@viviance.com
Subject: Re: breakfast pizza

Yes, you are nuts!  I can't believe that you already have so many
gingerbread houses made.  The cookie exchange was fun - fudge is definitely
the easy route on that one.

I will get the recipe from home tonight and will e:mail it to you tomorrow.
-Sally

"Cindy White" <cwhite@viviance.com> on 12/11/2000 11:19:35 AM

To:   "Sally" <sally.beck@enron.com>
cc:
Subject:  breakfast pizza

Hey--how was your weekend--fudge delivered?

Got my bake sale item done--an 18 layer cookie tower.  Have 9 houses baked
with 3 to go.

Now to show that I really have gone nuts--I thought I would cook breakfast
for the 2nd grade at school on Friday morning....can I have your breakfast
pizza recipe?  We all thought it was great and I think the kids will think
it is fun....

Thanks!

Cindy


Seems like we should have a link from GRO site to this.  Is this part of
Brent's organization ?

http://globaltrade.enron.co.uk/


Mike and Jeff:

1- I have been working with Chris Mahoney to secure some real estate on the
Global Markets Floor in London. We will have 10 seats behind the crude team.
2- Alex McLeish will manage London and Singapore crude and products
fundamentals.
3- Brad Hitch will have responsibility for organizing  the London coal,
petchems and lpg fundamentals teams.
4- We will be hiring 3 or 4 summer students (cheaper and more flexibility
than full time.) Alex McLeish and Andrew Hill have identified several
candidates from some British schools. Several schools in the UK have an
energy (petroleum ) specialist program. Andrew will be interviewing some
candidates  this week.
5- I have asked the following people to manage the following commoties and
teams:

Crude and Products: Richard Lassander (US)
   Alex McLeish (UK and Rest of World)

LNG, Petchems, LPG: Lowell Bezanis

Ags and Freight: Jeff Andrews

Coal:   Jen Fraser

6- Our first pan-EGM commodity report will be published June 8th. It will
provide a short term fundamental outlook on all of our commodities.

Regards
Jen


Lunch sounds great.  The question is when would be a good time.  Cindy is out
this week but I will have her figure out a date.


Well, to date it looks like we're just over $176,000.  Way to go!

Thank you to everybody that has contacted Michael and I regarding
donations.  I'm attaching the main spreadsheet that details all of the
donations that have been reported to date.  This should give you a good
idea of where we're at.  Please take a look at it - if you have any
comments please let me know.

We have not heard from a few of you yet, and rumor has it that there are
still a few donations that haven't been reported to us.  Please e-mail
me or phone us by Tuesday with the name and $$ amount of the expected
donation and we will ensure they get proper credit in the brochure etc.

Regards,

Kelly Trout and Michael Leahy

 - OGC Cheques - 2000.xls


FYI.
---------------------- Forwarded by Alan Aronowitz/HOU/ECT on 09/27/99 05:35
PM ---------------------------

Matthias Lee
09/27/99 08:53 AM
To: Alan Aronowitz/HOU/ECT@ECT
cc: Anita Fam/SIN/ECT@ECT, Angeline Poon/SIN/ECT@ECT
Subject: MT Pacific Valour

Alan

I am forwarding to you the summary of WFW's opinion again. I have included a
paragraph on damages recoverable which I missed out earlier.

Also. Russell had informed that John Nowlan is travelling in Europe. Vienna,
I think.

Regards

Matt
---------------------- Forwarded by Matthias Lee/SIN/ECT on 09/27/99 09:50 PM
---------------------------

Matthias Lee
09/27/99 09:32 PM
To: Alan Aronowitz/HOU/ECT@ECT
cc: Anita Fam/SIN/ECT@ECT, Angeline Poon/SIN/ECT@ECT

Subject: MT Pacific Valour

Alan

Further to our telephone conversation this morning, I had sessions with
Russell, Sheila, Seok Wah and Eric today to get answers to WFW's questions of
fact, your various queries as well as their views on ops customs and usage. I
also had a telephone conference with Neil and Suzanne of WFW. Below is a
summary:

1. The C/P was entered into in Singapore by Russell for ECTS. All Petchem
C/Ps are arranged by Russell. I am advised that it is at John Nowlan's
instructions.

2. EPTS (Singapore) Pte Ltd are the Owners' agents. We do not at present know
the identity of the Owners. WFW will find out from Lloyd's and relevant ship
registers. In any case, the Owners would not know the chain of contracts.
They would only know the type of cargo (stated in C/P), that the supplier is
Hyundai Oil, Korea and receiver is Tuntex Petrochemicals (Thailand) Public
Company (stated in the voyage orders 10 Sept).

3. By an e-mail dated 16 Sept, EPTS advised of delays at Yantai because the
preceding charterers did not have the import licence ready. EPTS claims that
they were not aware of the problems at the time of fixing. We do not know of
any other reason for the delay.

4. Delays at Chinese ports (including Yantai) are  common and typically for a
few days (Sheila : 1 - 2 days, Russell : 3 - 4 days).

5. The clause "subject to unforeseen delays"  for ETA fixing is not unusual.
WFW confirms that it would, in any case, be implied by law and the point is
sufficiently supported by case law.

6. As regards the reference to "expected ready to load" in Suzanne's opinion
of 24 Sept, it appears on the front page of asbatankvoy. WFW advises that the
legal effect is the same as ETA and requires the Owners to nominate a date
which they reasonable expect to meet.

7. Seok Wah advises that the "expected ready to load" clause is rarely filled
in (although not unheard of). She was not able to elaborate on the reasons
except that it depends on whether the Owners would agree to it if it is at
all requested for. She advsies that the actual asbatankvoy form typically
arrives more than a month after the deal. At which time, loading is usually
complete.

8. As regards laycan coinciding with loading date range, Russell advises that
this particular transaction was exceptional although not unusual. Loading
date ranges for Petchem deals are typically wide and laycan would fall within
the loading date range with some buffer at both ends. In the present case,
loading date range (15 - 20 Sept) was almost the same as laycan (14 - 20
Sept). Consequently, there was no "breathing space".

9. "GA/ARB LONDON" and "YA RULES in the C/P stands for "General
Average/Arbitration London" and "York Antwerp rules" respectively. I
understand the York Antwerp rules deal with General Average. In the absence
of an express provision, the arbitral rules would be the general provisions
of the UK Arbitration Act (1966).

10. Sheila now advises that the difference in price (including freight)
between buying from Hyundai and Enron Petrochemicals (Europe) Company (the
alternative source) is USD228,000. The difference in freight alone is
USD87,000. Notably, however, the quality description of the product is
amended in the supply contract to Tuntex.

11. Neil's advice:

(i) Agree entirely with Suzanne's advice. An action against Hyundai is
speculative at best. A more realistic action exists against the Owners. I
conveyed the answers to questions posed by Suzanne in her opinion. WFW had no
further questions at present.

(ii) Further explored the issue of whether the Clause "Default ,Termination
and Liquidation" in the Hyundai trade confirmation :-  whether the definition
of "Default" which includes "a material breach" not cured within 10 business
days may be construed as an expressed cure period for a breach of loading
date range. Neil does not think that it can and loading date range would
still be construed as a condition a breach of which entitles termination by
the non-defaulting party.

(iii) The duty of "reasonable despatch" is continuing and applies for each
revised ETA advised by the Owners.

Attached for your comments is an executive summary of WFW's opinion based on
Suzanne's opinion dated 24 September 1999 and our telephone discussions today.

Regards

Matt


Thanks, I really appreciate the feedback.

In the narrative discussion accompanying the presentation we will articulate the timeframe.

The Rockies pre-build transaction refers to the Fountain Valley Project (PSCO taking MW's; Equity Flip to Black Hills).

We are still working on the Americas section of the conference call script.  I will forward to you as soon as it becomes available.

Kind Regards.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, October 15, 2001 1:07 PM
To:	Leboe, David
Subject:	RE: Americas 3Q Presentation

The only comment  on the structures transaction slide is that

(i) They are not from this quarter
(ii) the Rockies Power - prebuild, I am not entirely sure what this deal is - but there was one in Washington.
(iii) REmove MidWest Gas Utility Outsourcing as we haven't completed this yet - hopefully you can have it for Q4.
(iv) Price Risk Management is your call - its really just trading.

Louise

 -----Original Message-----
From: 	Leboe, David
Sent:	Monday, October 15, 2001 9:49 AM
To:	Kitchen, Louise
Subject:	Americas 3Q Presentation

Please find the latest draft of the Wholesale pitch included below as an attachment.

I have included front portion, Americas and Europe sections.

The only data point I am lacking at this point relates to our East Power slide regarding #  of Term MW's.  I am working with Leslie Reeves on obtaining this information.  I expect the wording on the RTO's slide may change a bit once Gov. Affairs provides their final comments; however, this draft includes most of the content.

Following our discussion this morning, you may have some comments on Slide 14 (Recent Structured Transactions).  This slide was modeled after your Board presentation.  We can add/delete information as you desire.

I am working on modifying the conference call script language and will forward to you shortly.

Thanks again for your help.

Regards.

 << File: 3Q_Americas_Kitchen.ppt >>

David T. Leboe
Director, Investor Relations
Enron Corp.

Office  713.853.4785
Cell  713.562.2160
Fax   713.646.3002
Pager  877.237.7732
david.leboe@enron.com


I would like each of you to help take ownership of this project to be fully able to explain the trends on these sheets.   I would also like to begin to add 2001 3rd CE to this discussion as soon as possible.   Accounting quite possibly has the answers, but I want to get this documented as soon as possible so that we understand the changes and don't have to go back and do this again.   This is not a project that will be complete by friday, but it does need to get complete this year.

 -----Original Message-----
From: 	Saunders, James
Sent:	Friday, November 09, 2001 12:10 PM
To:	Hayslett, Rod
Subject:	FW: pipelines '97-'00

starting point, okay?
if possible, please indicate line items you woul like us to "drill down" on

 -----Original Message-----
From: 	Lev, Jennifer
Sent:	Friday, November 09, 2001 12:08 PM
To:	Saunders, James
Subject:	pipelines '97-'00


On Wednesday morning we will be commencing the Due Diligence process with another counterparty.  Andy Zipper has agreed to lead their team through the process.

The Schedule outline is based on initial overview discussions/presentations  and then more detailed discussion can occur in individual groups the outline is as follows:

It may be better to split up earlier but I leave all those decisions to Andy.

9:00		Introduction			John Lavorato & Louise Kitchen
9:45		Financial Overview		Wes Colwell
10:30		Risk Overview			Buy / Port
11:00		Credit				Bradford
11:30		Back Office			Beck/Hall
12:30		Systems (EnronOnline)		Jay Webb
1pm		Mid/Back Office Systems	Jay Webb
1:30pm		Infrastructure			Jenny Rub
2:00pm		HR				Oxley

Please make yourselves available - the meetings will probably take place on 32.

Tammie - please organize lunch and refreshments etc.

Assume Big Pig will bring 8 people.

Thanks

Louise


it's been changed

Evelyn Metoyer@ENRON
04/03/2001 09:06 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Corrections for energy type

Hi Kate can you please ch the energy type to Firm instead of CAISO Energy on
deal 532921.

Thanks!


Do we want to go to any of the rodeo concerts?


but really?

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Monday, November 19, 2001 8:33 AM
To:	Arnold, John
Subject:	RE:

my awesome company

 -----Original Message-----
From: 	Arnold, John
Sent:	Monday, November 19, 2001 8:32 AM
To:	Ward, Kim S (Houston)
Subject:	RE:

wed after work

what's in it for us?

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Monday, November 19, 2001 8:29 AM
To:	Arnold, John
Subject:	RE:

when?  and if I needed a ride up there, could I tag with you guys?

 -----Original Message-----
From: 	Arnold, John
Sent:	Monday, November 19, 2001 8:28 AM
To:	Ward, Kim S (Houston)
Subject:	RE:

yep

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Monday, November 19, 2001 8:10 AM
To:	Arnold, John
Subject:

you (and Matt) going to dallas this week?


Just say that I said that you did a great job.

Lavo


Please see attached memos for use in this morning's board meeting at 11:00
am. Thank you.

Richard Clark

Donna M. Cagle
Executive Administrator to President & CEO
Mariner Energy, Inc.
580 WestLake Park Blvd., Suite 1300
Houston, TX  77079
281/584-5511 (phone)     281/584-5515 (fax)
dcagle@mariner-energy.com

 <<Sale of Aconcagua Interest-Purchase TGS Database IOM.doc>>  <<Sale of
Aconcagua Interest IOM.doc>>  <<TGS Seismic Acquisition Agreement IOM.doc>>


Brent had to leave early to pick up one or both of his cars from the dealer.


We have become increasingly concerned about confidential information
(dpr/position info, curves, validations/stress tests, etc) being passed to
Arthur Andersen for audit purposes over the Web to their Arthur Andersen
email addresses. (necessary now they no longer have access to Enron's
internal email system)

Please use the folder described below when passing any info (that you would
have concerns about if it was picked up by a third party) via the shared
drive that has been set up for this specific purpose.

Note:  AA should also use the shared drive to pass info back if there are
questions, or the data needs updating.  We should also consider the
sensitivity of audit findings and special presentations if they are being
distributed electronically.

Please pass this note to others in your groups who have the need to pass info
back and forth.

Details on how to access for those who will use this method to pass info:

A secured folder has been set up on the "o" drive under Corporate called
Arthur_Andersen (O:\Corporate\Arthur_Anderson).  Please post all confidential
files in this folder rather than emailing the files to their company email
address.  If you need access to this folder, submit an eRequest through the
IT Central site: http://itcentral.enron.com/Data/Services/SecurityRequests/.
Arthur Andersen will be able to retrieve these files for review with their
terminal server access at the Three Allen Center location.

Please contact Vanessa Schulte if you have any problems or questions

Beth Apollo


FYI

Vince

P.S. Meeting on Wed at 10
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/19/2000
08:46 PM ---------------------------

Sandeep Kohli@ENRON_DEVELOPMENT
12/17/2000 06:42 AM
To: Vince J Kaminski@ECT
cc:
Subject: DPC Memo

Vince,

I am in Houston (rrived Satruday), and will be in office on Monday (though
officially, I am on vacation).  Would like to catch up with you if possible.

It looks like your team will be getting involved in some form on the DPC
side.  I have already made a recommendation to Wade.

I am attaching a small memo that I have addressed to Wade on the DPC position
and possible workout.  This is still a draft and will likely get shared later
with others.  I would love to get your comments on the same.  At the same
time, this also will give you some idea of the problem, in conjunction with
the other Plan presentation I had sent you.

Look forward to touching base with you.

Regards,
Sandeep.


Russ/George - has this new location been mapped to the same curves as the previous location - PGLC/NGPL?  From my standpoint, I think that is the only thing that needs to be done with the exception of changing/adding swaps on these deals.  Please let me know.  Thanks.
PL

 -----Original Message-----
From: 	Pendergrass, Cora
Sent:	Friday, October 19, 2001 1:52 PM
To:	Grant, George; Sheeren, Ryan; Severson, Russ
Cc:	Kinsey, Lisa; Love, Phillip M.; Sweitzer, Tara
Subject:	RE: New Trade Zone for PGLC

We have moved november deals to the new location?? is that going to be a problem??  They were previously on PGLC/NGPL/909285 and they were moved to PGLC/NGPL/TTP.  These deals will need to be moved to the new trade zone of TTP.    Is there anything else we need  to do for Sitara?? and if so who do we need to contact?   THanks!!

COra

 -----Original Message-----
From: 	Grant, George
Sent:	Friday, October 19, 2001 1:15 PM
To:	Sheeren, Ryan; Severson, Russ
Cc:	Pendergrass, Cora; Kinsey, Lisa
Subject:	RE: New Trade Zone for PGLC

 It is important to note that no deals can be moved to this new location until this location is mapped in Sitara,(mid, notional, and gas daily curves)
otherwise any deals booked there will error out in CPR.

Thanks
GG

 -----Original Message-----
From: 	Sheeren, Ryan
Sent:	Thursday, October 18, 2001 1:57 PM
To:	Grant, George; Severson, Russ
Subject:	FW: New Trade Zone for PGLC

FYI

 -----Original Message-----
From: 	Pendergrass, Cora
Sent:	Thursday, October 18, 2001 7:50 AM
To:	Sheeren, Ryan
Subject:	RE: New Trade Zone for PGLC

Ok i am getting with Patrice.  We were thinking that it would be November 1 but I think Patrice wants this set up ASAP
I will get back with you as quickly as I know.  Thanks!!!

 -----Original Message-----
From: 	Sheeren, Ryan
Sent:	Thursday, October 18, 2001 7:38 AM
To:	Pendergrass, Cora
Subject:	FW: New Trade Zone for PGLC
Importance:	High

Cora,
	George Grant has set up the new Trade Zone, TTP, for Meter No. TTP, on PGLC.  He has told me there are 44 deals behind Meter No.

TTP with the Trade Zone of PGLC.  Please let me know when a good time to change the Trade Zone is.

Thank you,
Ryan Sheeren

Enron Net Works
Global Facilities
ryan.sheeren@enron.com
(713)853-5817

 -----Original Message-----
From: 	Sheeren, Ryan
Sent:	Wednesday, October 17, 2001 2:00 PM
To:	Grant, George; Sweitzer, Tara
Subject:	FW: New Trade Zone for PGLC
Importance:	High

 -----Original Message-----
From: 	Sheeren, Ryan
Sent:	Tuesday, October 09, 2001 12:48 PM
To:	Grant, George; Severson, Russ
Cc:	Hilliard, Marlene
Subject:	FW: New Trade Zone for PGLC
Importance:	High

Mr. Grant,

	Cora Pendergrass is  asking for a Trade Zone in PGLC to be created.  She also would like me to change the Trade Zone on meter

TTP to this new Trade Zone.  She has told me she has already changed the deals behind the meter to match the new Trade Zone.

I will change the Trade Zone with your final approval.

Trade Zone:	  PGLC TTP		Meter:	TTP		Pipecode:      PGLC

Please let me know as soon as possible.

 -----Original Message-----
From: 	Hilliard, Marlene
Sent:	Tuesday, October 09, 2001 12:04 PM
To:	Sheeren, Ryan
Subject:	FW: New Trade Zone for PGLC
Importance:	High

Will you please take of this.
 -----Original Message-----
From: 	Pendergrass, Cora
Sent:	Tuesday, October 09, 2001 12:03 PM
To:	Severson, Russ; Campos, Sylvia A.; Hilliard, Marlene
Cc:	Kinsey, Lisa
Subject:	New Trade Zone for PGLC
Importance:	High

Effective November 1, 2001 we need to set up a new trade  zone for PGLC.  The new zone should be called PGLC TTP.  The meter number TTP should be mapped to this new trade zone.  It is currently under NGPL.  We have moved deals for November 1, 2001 to this new point on ENA, EMW and ENV.  If you have any questions, please let me know.  Also we are trying to get to a point to upload this file for next month so when this is updated can you let me know?  Thanks for your help!!

Cora
3-9138


Is this the right idea?

FYI -

Roger called today to inform us of a bottleneck at Palo Verde. Apparently, El Paso cannot take more than 50 mw into their system at Palo in any given hour; therefore, we need to monitor El Paso's net schedule to ensure that it does not exceed this. This poses some obstacles and opportunities related to the lending agreement. If El Paso is taking a net of 50 mw in at PV, you'll need to procure energy at Four Corners or Greenlee to fill the lending short, then enter a zero priced buy-resale to get the energy from an alternate delivery point to PV.

This is how it should take place -
Day-Ahead
	Buy from El Paso at PV
	Sell to STSW at PV
Hour-Ahead
	Buy from Counterparty X at FC or Greenlee
	Buy-Resale from El Paso from FC or Greenlee to PV

Please let me know if you have questions.

Thanks,
Kate


Subject:	Name Overlay 9-5-2001

The following record has been overlayed due to a legal name change:

		FROM				TO
CPID 90097	FirstEnergy Services Corp. 	FirstEnergy Solutions Corp.

ERMS Shortname change will be co-ordinated with ERMS-IT on Friday, September 7, 2001.