---------------------- Forwarded by Kay Mann/Corp/Enron on 04/23/2001 10:36
AM ---------------------------

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/23/2001 10:22:13 AM
To: "Carolyn Campbell (E-mail)" <CCampbell@KSLAW.com>, "Kay Mann (E-mail)"
<kay.mann@enron.com>
cc: "Rick Vicens (E-mail)" <rvicens@deltapower.com>, "Gregory F. Lang
(E-mail)" <gregorylang@paulhastings.com>, "John Staikos (E-mail)"
<johnstaikos@paulhastings.com>, "John Tisdale (E-mail)"
<jtisdale@jhancock.com>, "Jack Wallace (E-mail)" <jwallace@jhancock.com>,
"John Anderson (E-mail)" <jcsanderson@jhancock.com>, "O'BRIEN, Lisa"
<lisa.obrien@freshfields.com>, "BURKE, Ted (TDB)"
<ted.burke@freshfields.com>, "VAN DUSEN, Nicholas"
<nicholas.vandusen@freshfields.com>

Subject: Pegasus - ENA documents

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

Carolyn

We attach the following:

(a) a clean and blacklined copy of the ENA Consent, reflecting changes to
the credit documentation;
(b) a mark-up of the "no objection to forms" letter to be executed by ENA;
(c) a draft letter from the purchasers under the Note Purchase Agreement
setting out the actions to be taken by ENA post funding and agreeing not to
issue entitlement orders in respect of their security interest in the Escrow
Account if these actions are completed.

We would be grateful if you could confirm whether Citibank had any comments
on the Escrow Agreement, and whether the account will be set up for
Wednesday's funding.

Kind regards
Isabel

 - NY003701393.DOC
 - ENA LTR TO DELTA LENDER RE FORM OF AGMT1DOC.DOC
 - NY003699617.DOC
 - COMPARE001.DOC


Deb:  THIS IS TACKY!  And, I haven't sent my gift yet!!!!!!!!!!!!!!!!

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/14/2001 09:34 AM -----

	SSher5DUN@aol.com
	05/10/2001 07:34 PM

		 To: sara.shackleton@enron.com
		 cc:
		 Subject: Allison's Wedding

Allison is writing her thank-you notes.  With gifts going in different
directions after the wedding, cards were detached from boxes and envelopes
were scattered in different directions.  Allison has not been able to account
for everything, and while we're not trying to be rude, can you let us know
what you sent so she can match everything up and thank you in writing.  Hope
you had a good time.  Sorry I didn't get to spend more time with you.

Love - Anita


I have called the following about East Ohio for July.  No one is interested.
 Equitabe Energy, LLC
 Virginia Power
 El Paso
 FirstEnergy
Suggest you sell to Marde.
John


Thank you for your request. You will be notified by email when your request has been processed. You can check the progress of your request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000069420&Page=MyReq.


Start Date: 4/27/01; HourAhead hour: 2;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042702.txt


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Mary:  I can't remember if I mentioned this, but we do need to track the
Global Finance deals, whether through Lotus Notes or some other method.

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


This request has been pending your approval for  2 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000033005&Page=Approval to review and act upon this request.

Request ID          : 000000000033005
Request Create Date : 5/4/01 2:34:18 PM
Requested For       : daren.j.farmer@enron.com
Resource Name       : EOL US NatGas NatGas Book to Book (Trader Access - Website)
Resource Type       : Applications


USCAA Track & Field Championships, June 9, 2001
The Enron Running Club is seeking runners, sprinters, discus & shot put
throwers, and high jumpers & long jumpers to compete in the annual USCAA
Track & Field Championships on Saturday, June 9th at Rice University.
Participate in co-ed track relays & field events of all ages and abilities;
showcase your energy and talents in a challenging, competitive, and fun
environment; participate in an Enron tradition since 1994; experience
teambuilding and camaraderie like never before!  For more information or to
sign up, contact Cindy Richardson at x3-4770 or sprint to:
http://home.enron.com:84/erc/index.html

Heights Fun Run 5K
Join the Enron Running Club at the Heights Fun Run 5K benefiting The Houston
Heights Association,s Community Projects scheduled for Saturday, June 2nd.
If you,re interested in running or volunteering your time, please contact
Cindy Richardson at 713-853-4770 or Kelly Lombardi at 713-345-5841.  For more
information, run to: http://home.enron.com:84/erc/index.html.

Dad,s Day 5K
Join the Enron Running Club at the Dad,s Day 5K and 1 Mile Family Walk
benefiting The Prostate Cancer Research and Awareness scheduled for Saturday,
June 2nd.  If you,re interested in running or volunteering your time, please
contact Cindy Richardson at 713-853-4770 or Kelly Lombardi at 713-345-5841.
For more information, run to: http://home.enron.com:84/erc/index.html.

Stop by for some Texan BBQ, fresh air and Entertainment at Antioch Park

The Assist The Officer Foundation (ATO), a non-profit organization working
independently,  is inviting all Enron employees to come by Antioch Park  on
Friday, June 1st from 11am - 1pm and enjoy a delicious plate of BBQ for only
$5.  Come and listen to the tunes of KRBE with Gabe, their mobile DJ, and
raffles with many prizes will be given away.  Raffle tickets will be $2 each
or 3 for $5.  ATO is dedicated to assisting Houston peace officers injured or
disabled in the line of duty.  Please come out and support your local law
enforcement professionals.

The Caladium plants that are in the huge plant pots throughout the Plaza are
going to be replaced and will be available for purchasing on Monday, June 4th
for $4.00 in the Plaza by the up escalator from 11 a.m. to 12 p.m..

Join us in Dublin or Honolulu ----Joints in Motion is a marathon training
program for walkers and runners that is aligned with a fundraising effort for
the Arthritis Foundation.  The Dublin Marathon will be held Oct. 29 and the
Honolulu marathon will be December 9.  Please call for more information at
713-529-0800.

Volunteer for the Boys & Girls Club Summer Camp Weekends!!!
Kevin Hannon, Boys & Girls Club board member, invites you to join Enron
employee John Cote at a Boys & Girls Club summer camp who is looking for
commitment from a FEW GOOD ENRON MEN AND WOMEN:

WHAT:   2nd Annual Houston Boys and Girls Club / Enron Summer Camp Weekend (2
camps)

WHEN:   Boys Camp
  Friday afternoon (3:00 - 6:00pm), June 22 through Sunday afternoon, June 24
  --OR--
  Friday afternoon (3:00 - 6:00pm), July 20 through Sunday afternoon, July 22

  Girls Camp
  Friday afternoon (3:00 - 6:00pm), July 6 through Sunday afternoon, July 8
  --OR--
  Friday afternoon (3:00 - 6:00pm), July 13 through Sunday afternoon, July 15

WHERE: Willis, TX (75 minutes from downtown Houston -- just north of Conroe)

WHO:   6-8 counselors per camp to chaperone 75 boys (ages 7-16)

HOW:   Share all sports activities, including canoeing, hiking, fishing,
organizing a talent    show/bonfire/ghost stories, obstacle course, water
balloon fights, softball, basketball,   archery, football, etc.  (Cooking and
clean-up covered by the Houston Boys Club staff.)

CONTACT: John A. Cote at ext. 33830

SPREAD THE WORD.  SPOUSES & OFFICE COLLEAGUES WELCOME.
LAST YEAR'S CAMP WAS A HUGE SUCCESS!

Volunteers Needed for Bring Your Child to Work Day!

Bring Your Child to Work Day is Friday, June 29

Please email Jennifer Milligan if you are interested in volunteering and
indicate your preference in the below activities:

Registration Table
Houston Police Dept / Stranger Danger / Fingerprinting
Outdoor Activities (SPCA pets, Balloon King, kids crafts, etc.)
Business Etiquette class
Business Art (kids' resumes, etc)
Lunch ticket sales/coordination (in Antioch Park)

The Enron Running Club and the Houston Corporate Athletic Association are
seeking volunteers to assist at the annual USCAA Track & Field Championships
on Saturday, June 9th at Rice University.  There are many volunteer
opportunities requiring little or no experience including timers, scoring,
lane judges, cheering on athletes and more!  We are looking for employees,
families and friends that can contribute a few hours or who are willing to
spend the day benefiting a great cause.  If you are interested or would like
more information, please contact Kelly Lombardi at x3-8491.

Many volunteers are needed to help with the planned activities for the Enron
Children on June 29th.  If you're interested, send your name and phone
extension to workperks.enron.com.

Support KidSave and Help Miracles Happen. Every Summer.

Kidsave,s  Summer Miracles Program enables orphaned children ages 5 to 11 to
travel to the  US and Canada, live with families and attend day camp. The
program gives  families who may be concerned about the problems of adopting
an older child a chance to meet, get to know and in the best-case scenario,
fall in love with a  child. The program gives prospective parents an
opportunity to see and evaluate  first-hand the challenges and rewards of
adopting an older  child.

In 1999 and  2000 Kidsave and adoption agency partners placed 432 children -
96 percent of  children who participated in the program. Generally, 85 to 90
percent of  children who participate in the program find homes easily through
the program.  The remaining 10 to 15 percent require more work.

Kidsave  believes every child deserves a family. We are committed to placing
all children  who participate in the Summer Miracles Program in permanent
families or  family-like environments.

We are looking  for families to host children, and for others who want to
help us make the camp  program happen for these 250 children.   As a
non-profit organization, Kidsave depends on donations to raise the  money to
bring these children here and find them families.  Please call Tonya Hoppe at
281.286.8948  or tonya@tonya.cc to get involved in Houston,s  Kidsave
program.

Find Out how to Join The Downtown Club May 29 & 30!
The Downtown Club (formerly The Met-Business & Sports Club)Membership
representatives from The Downtown Club will be in the Enron Plaza
Tuesday-Wednesday, May 29-30, from 11 am - 1 pm to discuss membership, the
new "Signature Gold" program (see attached file for more information), and a
new membership referral program.  Don't miss out on this opportunity to join
the Downtown Club or to upgrade your current membership.  As a reminder, a
$200 initiation fee is required for new memberships.   For more information,
contact The Downtown Club Membership Services department at 713-652-0700 or
Georgia Fogo, ext. 3-5609.

http://home.enron.com:84/messaging/siggoldcourses.pdf

Enron and Kidventure Camps are proud to bring you Camp Enron Summer 2001.
Celebrating our third year, Camp Enron  will once again be providing summer
camp for children, ages 5-13, of Enron employees and contractors.

This year, camp will be May 29-August 10.  Ten, one-week sessions will be
available and families may choose to attend any or all sessions.  Each camp
week is Monday through Friday.

The cost is $150 per week and includes all transportation, field trips and
activities.  A deposit of $50 per week is all that is needed to reserve your
sessions.   The deadline to register is Monday, May 21.

To register, log on to: http://www.kidventurecamp.com/camp_enron.htm.
Spaces are limited.

Enron parents simply ride to work with  their children and check them in to
the Energizer in the morning with the Camp Enron Team.  Enron Campers are
loaded on Coach USA Buses and transported to our nearby camp. At the end of
the day campers are brought back to the Energizer for parents to check out.

It's that easy!

For more information please contact:

web site: www.kidventurecamp.com
call Kidventure: 713.960.8989
e-mail: camps@kidventurecamp.com

Have News to Share?
To post news or events in Enron In Action, please e-mail your information to
EIA@enron.com
no later than 12:00 noon the Thursday prior to the next Monday,s mailing.


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 09/07/2000
08:46 AM ---------------------------

"Jennifer Cutaia" <jcutaia@tupac.com> on 09/07/2000 08:16:54 AM
To: Judy.Hernandez@enron.com, Silvia.Garcia@viatel.com,
RosiePelzer@altavista.com, Crystal.Reyna@enron.com, Norma.Chavez@enron.com,
Laura_Tietje@yahoo.com
cc:
Subject: [Fwd: Fwd: (don't ignore)]

>Date: Wed, 6 Sep 2000 18:32:08 -0700 (PDT)
>From: "Laura G. Tietje" <laura_tietje@yahoo.com>
>Reply-To: laura_tietje@yahoo.com
>Subject: Fwd: (don't ignore)
>
>
>Note: forwarded message attached.
>
>
>=====
>Laura Gene Tietje
>                                  (laura_tietje@yahoo.com)
>
>__________________________________________________
>Do You Yahoo!?
>Yahoo! Mail - Free email you can access from anywhere!
>http://mail.yahoo.com/
>Note: forwarded message attached.
>
>
>__________________________________________________
>Do You Yahoo!?
>Yahoo! Mail - Free email you can access from anywhere!
>http://mail.yahoo.com/
>
>
>>From: "SUPER DITZ" <blonde_angel_87@hotmail.com>
>>To: dubosejr87@aol.com, ashley_nc13@hotmail.com, bmf200013@aol.com,
>>LtleMsBrit@aol.com, NoPennyFXWise@hotmail.com, cornn05@aol.com,
>>rancraig1@hotmail.com, FLYGUY7038@aol.com, denaquin@flash.net,
>>emgoose07@aol.com, rsyoakum@dellnet.com, jamiew86@aol.com,
>>mini_monster69@hotmail.com, angel_chic87@yahoo.com,
>>frenchtoast53@hotmail.com, doubledribble22@aol.com,
>>laughinggas101@juno.com, kat200018@hotmail.com, BOOTY1700@aol.com,
>>jane.yoakum@compaq.com, princess_rachelle@hotmail.com,
>>incredibly_stupid_39@hotmail.com, cmm331@excite.com, Smilez8P@aol.com,
>>sassykat137@hotmail.com, wacky.v.v@n2dogs.com
>>Subject: Fwd: Re: (don't ignore)
>>Date: Fri, 01 Sep 2000 12:02:38 CDT
>>MIME-Version: 1.0
>>X-Originating-IP: [207.18.199.151]
>>Received: from 207.18.199.151 by lw9fd.law9.hotmail.msn.com with HTTP;Fri,
>>01 Sep 2000 17:02:38 GMT
>>
>>
>>
>>
>>>From: "NoPennyFXwise" <NoPennyFXWise@hotmail.com>
>>>To: "Your Daddy" <activerider00@hotmail.com>, "Yoakum, Jane"
>>><Jane.Yoakum@COMPAQ.com>, <TMYALTAIR@aol.com>, <Ravingmadman4@aol.com>,
>>><Pevency@aol.com>, <kholloman@totacc.com>, "Jenilyn Yoakum"
>>><blonde_angel_87@hotmail.com>, "Joilea" <jewels@ltw.net>
>>>Subject: Re: (no subject)
>>>Date: Thu, 31 Aug 2000 16:56:41 -0500
>>>
>>>
>>>----- Original Message -----
>>>From: Joilea <jewels@ltw.net>
>>>To: Andrew Joe <ghostman88888@hotmail.com>; Andy <Staindfan3@hotmail.com>;
>>>cxberpunk <cxberpunk@aol.com>; Dean (my boyfriend)
>>><nopennyfxwise@hotmail.com>; Erin Brown <erinb622@excite.com>;
>>>ixzer0xl@aol.com <ixzer0ql@aol.com>; Jake <jakewest@ev1.net>; Kat
>>><kat17@ev1.net>; Mikki <crimsonangel_420@hotmail.com>; Mom
>>><mbrowder@ltw.net>; Rachel <lcdietz@earthlink.net>; Samantha
>>><girlvision@ltw.net>; Tim <slipknot29845721@aol.com>; Trisha
>>><pacebaby13@aol.com>; Vernon <blond_hazel_2000@yahoo.com>; Dad
>>><dbrowder@ltw.net>
>>>Sent: Wednesday, August 30, 2000 9:32 PM
>>>Subject: Fw: Re: (no subject)
>>>
>>>
>>> > :
>>> > >    > I had on new clothes,
>>> > >    >  > > > >  New sneaks on my feet.
>>> > >    >  > > > >  I was there for class on time,
>>> > >    >  > > > >  Went to the back and took my seat.
>>> > >    >  > > > >  Yeah, I'm moving up,
>>> > >    >  > > > >  I'm already grown.
>>> > >    >  > > > >  Soon I'll be graduating,
>>> > >    >  > > > >  And out on my own.
>>> > >    >  > > > >  I talked to some of my friends,
>>> > >    >  > > > >  We were all having fun.
>>> > >    >  > > > >  Said some things I shouldn't have said,
>>> > >    >  > > > >  Did stuff I shouldn't have done.
>>> > >    >  > > > >  I knew I was different.
>>> > >    >  > > > >  I felt God touch my heart,
>>> > >    >  > > > >  I knew I should set a standard,
>>> > >    >  > > > >  But then I'd be set apart.
>>> > >    >  > > > >  Walking to the bus,
>>> > >    >  > > > >  I was not looking for strength.
>>> > >    >  > > > >  I heard the car tires screeching,
>>> > >    >  > > > >  But now it's too late.
>>> > >    >  > > > >  I'm standing in this room,
>>> > >    >  > > > >  And I can see the heavenly gate.
>>> > >    >  > > > >  Oh no! I never prayed.
>>> > >    >  > > > >  I thought I had time to get it straight.
>>> > >    >  > > > >  An angel walked to me,
>>> > >    >  > > > >  He had a book in his hand.
>>> > >    >  > > > >  I knew it was the Book of Life,
>>> > >    >  > > > >  When would this dream end?
>>> > >    >  > > > >  I told him my name,
>>> > >    >  > > > >  And he began to look.
>>> > >    >  > > > >  Then he looked at me sadly and said,
>>> > >    >  > > > >  Your name is not in this book.
>>> > >    >  > >  > >  Angel, this is a dream,
>>> > >    >  > > > >  No, I can't be dead!
>>> > >    >  > > > >  He closed the book and turned away,
>>> > >    >  > > > >  He whispered - You cannot proceed ahead.
>>> > >    >  > > > >  No...no this can't be real,
>>> > >    >  > > > >  Angel, you can't turn me away.
>>> > >    >  > > > >  Let me talk to God,
>>> > >    >  > > > >  Maybe he'll let me stay.
>>> > >    >  > > > >  He led me to the gate,
>>> > >    >  > > > >  Jesus came to me.
>>> > >    >  > > > >  He did not let me in but said,
>>> > >    >  > > > >  Beloved what is your need?
>>> > >    >  > > > >  Jesus, I cried, please,
>>> > >    >  > > > >  Don't cast me away from you.
>>> > >    >  > > > >  Tears ran down his face as he said,
>>> > >    >  > > > >  You knew what you needed to do.
>>> > >    >  > > > >  Lord, please I'm young,
>>> > >    >  > > > >  I never thought I would die.
>>> > >    >  > > > >  I thought I'd have plenty of time,
>>> > >    >  > > > >  Death caught me by surprise.
>>> > >    >  > > > >  Lord, I went to church,
>>> > >    >  > > > >  Please Jesus, I believe.
>>> > >    >  > > > >  He said you would not accept me,
>>> > >    >  > > > >  My love you would not receive.
>>> > >    >  > >\> >  Lord, there were too many hypocrites,
>>> > >    >  > > > >  They weren't being true.
>>> > >    >  > > > >  He took a step back and asked,
>>> > >    >  > > > >  What does that have to do with you?
>>> > >    >  > > > >  Lord, my family claimed to be saved,
>>> > >    >  > > > >  They weren't real. You know.
>>> > >    >  > > > >  He said, I died for you,
>>> > >    >  > > > >  Now I have to go.
>>> > >    >  > > > >  I fell to my knees crying to Him,
>>> > >    >  > > > >  Lord, I planned to be real tomorrow.
>>> > >    >  > > > >  I couldn't, make Him understand,
>>> > >    >  > > > >  I had never -- felt such sorrow.
>>> > >    >  > > > >  Then it hit me hard, I said,
>>> > >    >  > > > >  Lord, where will I go?
>>> > >    >  > > > >  He looked into my eyes and said,
>>> > >    >  > > > >  My child you already know.
>>> > >    >  > > > >  Please Jesus, I begged,
>>> > >    >  > > > >  The place is so hot.
>>> > >    >  > > > >  It seemed to trouble and grieve him,
>>> > >    >  > > > >  He whispered, DEPART FROM ME, I KNOW YOU
>>> > >    > NOT.
>>> > >    >  > > > >  Lord, you're supposed to be love,
>>> > >    >  > > > >  How can you send me to damnation?
>>> > >    >  > > > >  He replied, With your mouth you said you
>>> > >    >  > loved me,
>>> > >    >  > > > >  But each day you rejected my salvation.
>>> > >    >  > > > >  With that in an instant,
>>> > >    >  > > > >  Day turned into night.
>>> > >    >  > > > >  I never knew such torture could be,
>>> > >    >  > > > >  Now too late, I know the Bible is right.
>>> > >    >  > > > >  If I can tell you anything,
>>> > >    >  > > > >  Hell has no age.
>>> > >    >  > > > >  It is a place of torture,
>>> > >    >  > > > >  Separated from God and full of rage.
>>> > >    >  > > > >  You know, I thought it was funny -- a
>>> > >    > joke,
>>> > >    >  > > > >  But this one thing is true.
>>> > >    >  > > > >  If you never accept Jesus Christ,
>>> > >    >  > > > >  HELL IS WAITING FOR YOU!
>>> > >    >  > > > >  So please, ask Him into your heart.
>>> > >    >  > > > >  Please show this to everyone you care
>>> > >    > about.
>>> > >    >  > > > >  (((which should be everybody)))
>>> > >    >  > > > >  IF SOMEONE HAD A GUN HELD IN FRONT OF YOUR
>>> > >    >  > FACE,
>>> > >    >  > > > >  AND ASKED YOU IF YOU BELIEVED IN GOD,
>>> > >    >  > >
>>> > >    >  > > > >  WHAT WOULD YOU DO?
>>> > >    >  > >SAY NO AND FEEL ASHAMED THE REST OF YOUR LIFE?
>>> > >    >  > > > >
>>> > >    >  > > > >  OR SAY YES, I DO, AND DIE STANDING UP FOR
>>> > >    >  > GOD?
>>> > >    >  > >
>>> > >    >  > >
>>> > >    >  > > > >  IF YOU'D SAY NO, THEN DELETE THIS E-MAIL.
>>> > >    >  > >
>>> > >    >  > > > >  IF YOU WOULD STAND UP FOR JESUS CHRIST,
>>> > >    >  > > > >  THEN SEND THIS TO ALL YOUR FRIENDS AND THE
>>> > >    >  > PERSON WHO
>>> > >    >  > > > >
>>> > >    >  > > > >
>>> > >    >  > > > >  SENT IT TO YOU. WETHER THEY ARE
>>> > >    >  > >
>>> > >    >  > >
>>> > >    >  > >SAVED...UNSAVED...BELIEVING...AND UNBELIEVING
>>> > >    >  > >
>>> > >    >  > > > >   Never mind the storm. When you're one
>>> > >    > with
>>> > >    >  > God, there is always a
>>> > >    >  > >
>>> > >    >  > > > >  rainbow waiting.
>>> > >    >  > >
>>> > >    >  > >
>>> > >    >  > > > >   PEACE & BLESSING
>>> > >    >  > > >>
>>> > >
>>> > >
>>> > >   __________________________________________________
>>> > >   Do You Yahoo!?
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>>> > >   http://mail.yahoo.com/
>>> > >
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>>> > >
>>> > >   Share information about yourself, create your own public profile at
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>
>_________________________________________________________________________
>Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
>
>Share information about yourself, create your own public profile at
>http://profiles.msn.com.

------------------------------------------------------------
Visit the Tupac Shakur website at http://www.tupac.com
Play "Who Wants To Be A Tupac Fan" and win big!
http://www.tupac.com/win.shtml


The FINAL Violation Memos for 11/26/01 have been published and are available for viewing on the ERV:  http:\\erv.corp.enron.com - Violation/Notification memo Section.


Introducing your first SAP Paycheck!

This is the first payroll processed in SAP for all employees paid out of
Corporate Payroll. You may notice some changes in the way information is
reflected on your pay advice, the most common are itemized below.

What,s Different?
? Your +home, cost center will be displayed at the top of the pay advice.
This is your department number as designated in the HR and financial modules
of SAP.

? Any earnings descriptions that start with a +P, represent earning types
reported in the prior period. For instance, if you reported vacation time for
the July 1st-15th pay period, it will be reflected on your July 31st pay
advice as +PVacation,.

? Flex dollars will appear on the earnings section of the pay advice instead
of as a credit in the deduction section. The various benefit deductions will
remain itemized in the deduction section.

? If you transfer between Enron companies during the year, your year)to-date
totals will carry forward to the new company pay advice. Previously, the
year-to-date totals started over when transferred to another company. This
change will provide your total Enron earnings and deduction amounts on your
pay advice throughout the year.  (Note that your W2 at the end of the year
will reflect your earnings by company).

? For salaried employees, any reported exception time (e.g. vacation, sick
day, etc.) will be reflected on the earnings section with hours only, the
related dollar amount will be included in the +Salary, earnings type.

? For any other information or further explanations regarding your payroll
contact the Payroll Call Center at 713-345-5555

Payroll FAQ,s

My paycheck has a line called &other deductions8, what does that stand for?
There is a fixed amount of lines to print deductions on the paycheck.  For
some employees, the number of deductions are more than we have room to
print.  In this circumstance, the system totals all remaining deductions and
prints them on one line ) titled &other deductions8.  The detail of all
deductions can be viewed on the pay advice that is displayed on the intranet
at eHRonline.enron.com.

What do the earnings or deduction codes on my paycheck mean?
These definitions are listed on the Payroll webpage located at
hrweb.enron.com, select Enron Payroll  from the side index.

Why is my overtime not reflected on my paycheck?
Overtime is paid one pay period in arrears, therefore it will be reflected in
the next pay period. For example, if you reported overtime for the
July 1st )15th pay period, it will be reflected on your July 31st pay advice
as +POvertime,.

What is the limit for Social Security (FICA)?
For year 2000 the limit is $4,724.40 on a wage base of $76,200. This limit is
applied to each Enron payroll tax company. Therefore, if you transfer to
another Enron company these limits will start over, however, the total amount
withheld across all companies will be reflected on your paystub. Excess FICA
will be credited to you by the IRS via your tax return.

What federal income tax rate is used for my bonus or when I exercise stock
options?
There is a standard federal income tax rate of 28% for these earnings. This
can be higher if the employee has completed a Supplemental Tax form
requesting a higher rate (this form can be found at hrweb.enron.com , select
Enron Payroll  from the side index).


Marlene:

The language is fine.  We will retain this as a template for Transactions
have an Optional Early Termination Date.  Please send the revised confirm(s)
to our desk.

Sara

	"Lue, Marlene P." <Marlene.Lue@bmo.com>
	12/20/2000 09:20 AM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: Right to Termination provision in Confirmation

As discussed, attached is the revised provision.

Marlene

-----Original Message-----
From: Sara.Shackleton [mailto:Sara.Shackleton@enron.com]
Sent: Wednesday, December 20, 2000 9:48 AM
To: Lue, Marlene P.
Subject: Re: Right to Termination provision in Confirmation

Marlene:

I'll call Lesley with my comments.

What is the second attachment called "Cancellable" relating to Captiva III
Finance CBO?
Sara

                    "Lue, Marlene

                    P."                  To:
"'sara.shackleton@enron.com'" <sara.shackleton@enron.com>
                    <Marlene.Lue@        cc:

                    bmo.com>             Subject:     Right to Termination
provision in Confirmation

                    12/19/2000

                    04:10 PM

As per your discussions with Lesley Charkow, attached is our proposed
provision with the changes as discussed with Lesley.

We would appreciate your prompt response as a few Confirmations are pending
our agreement to this provision.

Best regards,

Marlene Lue
Bank of Montreal
Analyst, Treasury Credit
Ph:  (416) 956-2144
Fax:  (416) 956-2318
e-mail:  marlene.lue@bmo.com

 <<MKT-Out-CONFIRM'92.doc>>

(See attached file: MKT-Out-CONFIRM'92.doc)

 - MKT-Out-CONFIRM'92.doc


rohan davey


DUH!!  I want company.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 24, 2002 9:44 AM
To:	Rybarski, Amanda
Subject:	RE:

let me know if you want company

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 24, 2002 9:44 AM
To:	Maggi, Mike
Subject:	RE:

I think we have to be there at 2:00. But I was thinking about leaving early to go shopping or eat or something.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 24, 2002 9:41 AM
To:	Rybarski, Amanda
Subject:	RE:

i think so, what time are you supposed to go

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 24, 2002 9:40 AM
To:	Maggi, Mike
Subject:	RE:

It's about your benefits and crap like that...You have to fill out all of these forms and stuff.  Did you get a packet of stuff to fill out?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 24, 2002 9:39 AM
To:	Rybarski, Amanda
Subject:	RE:

do you know what its about

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 24, 2002 9:39 AM
To:	Maggi, Mike
Subject:	RE:

Ok...I am pretty pissed off about having to go, but I don't want to get in trouble for not going.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 24, 2002 9:37 AM
To:	Rybarski, Amanda
Subject:	RE:

if you dont let me know

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 24, 2002 9:34 AM
To:	Maggi, Mike
Subject:	RE:

I don't know yet.  We'll just have to see.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 24, 2002 9:32 AM
To:	Rybarski, Amanda
Subject:	RE:

you too, so are you going to go to the meeting

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 24, 2002 9:32 AM
To:	Maggi, Mike
Subject:	RE:

I was thinking about that this morning on my way in.  You look really nice today!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 24, 2002 9:30 AM
To:	Rybarski, Amanda
Subject:	RE:

i dont realy think so but what do i know, by the way its a really ugly day out there

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 24, 2002 9:27 AM
To:	Maggi, Mike
Subject:	RE:

I thought we had to go?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 24, 2002 9:26 AM
To:	Rybarski, Amanda
Subject:	RE:

i dont know are you?

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 24, 2002 9:11 AM
To:	Maggi, Mike
Subject:

Are you going to that lame ass orientation today at the Houstonian?


David:

Per our conversation last week, I have attached a copy of Mr. Lipman's
resume.  He has expressed interest in learning more about the coal, paper and
steel business opportunities.  He will give you a call at 713-853-3557 to
schedule a time to meet.

Regards,

Mark Haedicke
----- Forwarded by Mark E Haedicke/HOU/ECT on 08/21/2000 10:41 AM -----

	LDLIPMAN@aol.com
	08/17/2000 01:05 PM

		 To: Mark.E.Haedicke@enron.com
		 cc:
		 Subject: Re: resent resume

 - LAWREN~2.DOC


See attached summary of 1/8 meeting with Dennis Thompson, Don Hollingsworth's
Special Projects Director.


Vince:

Did you get the below email from Jim Garven?

Would you be able to stay over and speak at the Risk Management Fraternity
and perhaps come in a day early and speak to his students?

Shirley

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 12/05/2000
02:08 PM ---------------------------

Jim Garven <James_Garven@baylor.edu> on 12/05/2000 02:09:27 PM
To: "Shirley Crenshaw" <scrensh@ect.enron.com>
cc:
Subject: Vince Kaminski

Dear Ms. Crenshaw,

On November 28, I sent Vince Kaminski an email inviting him to visit Baylor
University (where I now hold an appointment as Professor of Finance &
Insurance; having resigned from LSU this pas spring).? I have yet to receive
a reply from him.? Can you bring this email (copied below) to his attention?

Thanks,

Jim Garven

===========================

Dear Vince,

Since we last corresponded, I have left LSU and am now Professor of Finance &
Insurance at Baylor University in Waco, TX. My colleague at Baylor, John
Martin, mentioned that you will be coming to campus for a conference on
Friday, February 23 that he is organizing. I am curious whether your schedule
might permit staying over that evening so that we can feature you as our
dinner speaker for the chartering ceremony of Gamma Iota Sigma, a national
risk management fraternity. For that matter, would you also possibly be
available to make any presentations to undergraduate and graduate students on
the previous day (Thursday, February 22)? What I have in mind is a
presentation similar to the presentations you made last spring to my LSU
classes.

Thank you for your consideration of this request. I am looking forward to
seeing you once again.

Sincerely,

Jim Garven

_________________________________________
James R. Garven, Ph.D.
Professor of Finance & Insurance
Department of Finance, Insurance and Real Estate
Hankamer School of Business
HSB 336
Baylor University
Box 98004
Waco, TX? 76798

Voice: (254) 710-6207
Fax: (603) 994-6680

E-mail:? James_Garven@baylor.edu
Home Page: http://garven.baylor.edu
Vita: http://garven.baylor.edu/dossier.html
Research Paper Archive: http://garven.baylor.edu/research.html
_________________________________________


[IMAGE]
[IMAGE]
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Average or better.  Maybe different groups get notice on different days.

-----Original Message-----
From: Sole III, Carlos
Sent: Monday, November 26, 2001 2:13 PM
To: Mann, Kay
Subject: RE: Look what I just found on iWon.com!

how reliable a source.

-----Original Message-----
From: Mann, Kay
Sent: Monday, November 26, 2001 1:53 PM
To: Sole III, Carlos
Subject: RE: Look what I just found on iWon.com!

I heard tomorrow.

-----Original Message-----
From: Sole III, Carlos
Sent: Monday, November 26, 2001 1:48 PM
To: Mann, Kay
Subject: Look what I just found on iWon.com!

This page was forwarded to you from the iWon Web site ( http://www.iwon.com)
From:    carlos.sole@enron.com <mailto:carlos.sole@enron.com>	 URL:     <http://money.iwon.com/ht/nw/bus/20011126/hl_bus-n25195358.html?alias=/alias/money/cm/nw>
Message:   I would think that we would be doing the same thing sometime soon. Raimund said he'd heard Wednesday would be the day.
Legal notice: Trade names, trademarks, registered trademarks and service marks are the property of their respective owners. Any republication or redistribution of the content contained herein or the Web page is expressly prohibited

 iWon <http://image.iwon.com/images/money_subheadlogo3.gif>

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Reuters
Boeing Sets 2,900 New Job Cuts
Monday November 26, 1:36 PM EST

SEATTLE (Reuters) - Boeing Co (BA). on Monday announced2,900 job cuts, boosting its total since the Sept. 11 hijackattacks to 14,900 or nearly half the 30,000 jobs it has said itcould cut by the end of 2002.

The 2,900 employees getting 60-day layoff notices on Mondayincluded 2,100 in Boeing's beleaguered commercial jet unit,where orders have shriveled as airlines park aircraft and cutdeliveries of new jets to match shrinking air travel demand,spokesman Tom Ryan told Reuters.

Chicago-based Boeing said the latest cuts also include 700workers in its shared services group and another 100 mostlyfrom its embryonic Connexion airborne Internet service and itsJoint Strike Fighter program, which lost a massive Pentagonaward to rival Lockheed Martin Corp (LMT). last month.

The latest 2,900 cuts include 1,900 jobs in the Seattlearea, Ryan said.

Boeing in October announced 12,000 job cuts, which takeeffect on Dec. 14, and said it would ultimately cut a total of20,000 to 30,000 workers. The first round included 11,400commercial airplane workers and 600 from shared services.

Boeing also redeployed 200 of 600 Connexion workers in lateSeptember as airlines backed away from the service and Boeingfocused on flight safety and security applications for thesatellite-based communications network.

The aerospace giant has slashed projected deliveries fromits world-leading commercial jet unit to 350 to 400 in 2002from an expected 522 this year. In 2003 the forecast falls evenlower and some industry analysts believe the totals will falleven lower.

Earlier this month Boeing Chairman Phil Condit predictedthe current travel slump would cost the manufacturer about1,000 jet deliveries over the next several years.

Depending on size, Boeing jetliners sell for roughly $30million to nearly $200 million each. The company has said itneeds to shed workers to meet its stated goal of remainingprofitable despite the lost orders.

Several airlines have already failed and others are said tobe teetering near bankruptcy in the wake of the hijackings,which boosted airlines' operating costs and left many of theirplanes half-empty.

At the end of October, Boeing employed a total of 196,500workers and 91,600 in its Seattle-based commercial jet unit.

The company expects to send out its next batch of 60-daylayoff notices on Dec. 21, Ryan said.

?2001 Reuters Limited.

  Click here <javascript:eMail_Friend(530, 565);> to email this page to a friend    <http://a860.g.akamaitech.net/7/860/992/adsygf983tqg/image.iwon.com/images/email_this_page.gif>

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I had originally scheduled a parent/teacher conference for today.  However,
due to the volume of work that I need to get out, I have rescheduled my
appointment for tomorrow at 3:30.  I will be leaving the office tomorrow at
2:45.  Also, I will need to  leave the office today at 5:30.

Samantha M. Boyd
Sr. Legal Specialist
Enron North America, Corp.
1400 Smith, EB3802A
Houston, TX  77002
Phone:  (713) 853-9188
Fax:  (713) 646-3490
email:  samantha.boyd@enron.com


Debra and Dan -

Attached is a worksheet for another new physical, with the City of Anaheim.
Please send a draft to:

Mr. Steve Shortino
City of Anaheim
201 S. Anaheim Blvd.
Suite 802
Anaheim, CA 92805

Please email a copy to me and to Kim Ward.

Thanks,

Jay


IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power Delivered on Tuesday, November  27, 2001
                                                                                (Trade Date of Monday, November  26, 2001)
Click here to access index history


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/18/2000
06:03 PM ---------------------------

enorman@living.com on 01/18/2000 02:44:50 PM
To: Phillip K Allen/HOU/ECT@ECT
cc: ben@living.com, enorman@living.com, stephanie@living.com
Subject: RE: Choosing a style

Re. Your living.com inquiry

Thank you for your inquiry.  Please create an account, so we can
assist you more effectively in the future.  Go to:
http://www.living.com/util/login.jhtml

I have selected a few pieces that might work for you.  To view, simply click
on the following URLs.  I hope these are helpful!

Area Rugs:
http://www.living.com/shopping/item/item.jhtml?productId=LC-ISPE-NJ600%282X3
%29

http://www.living.com/shopping/item/item.jhtml?productId=LC-CCON-300-7039%28
2X3%29

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284X6%29

http://www.living.com/shopping/item/item.jhtml?productId=LC-PAND-5921092%289
.5X13.5%29

Sofas:
http://www.living.com/shopping/item/item.jhtml?productId=LC-SFUP-3923A

http://www.living.com/shopping/item/item.jhtml?productId=LC-CLLE-583-SLP

http://www.living.com/shopping/item/item.jhtml?productId=LC-CLLE-359-SLP

http://www.living.com/shopping/item/item.jhtml?productId=LC-JJHY-200-104S

Chairs:
http://www.living.com/shopping/item/item.jhtml?productId=LC-CLLE-566INC

http://www.living.com/shopping/item/item.jhtml?productId=LC-CLLE-711RCL

http://www.living.com/shopping/item/item.jhtml?productId=LC-CLLE-686

http://www.living.com/shopping/item/item.jhtml?productId=LC-SWOO-461-37

Occasional Tables:
http://www.living.com/shopping/item/item.jhtml?productId=LC-MAGP-31921

http://www.living.com/shopping/item/item.jhtml?productId=LC-PULA-623102

http://www.living.com/shopping/item/item.jhtml?productId=LC-CASR-01CEN906-E

http://www.living.com/shopping/item/item.jhtml?productId=LC-CASR-02CEN001

Dining Set:
http://www.living.com/shopping/item/item.jhtml?productId=LC-VILA-COMP-001

http://www.living.com/shopping/item/item.jhtml?productId=LC-SITC-FH402C-HHR

http://www.living.com/shopping/item/item.jhtml?productId=LC-COCH-24-854

Best Regards,

Erika
designadvice@living.com

P.S. Check out our January Clearance
http://living.com/sales/january_clearance.jhtml
and our Valentine's Day Gifts
http://living.com/shopping/list/list.jhtml?type=2011&sale=valentines
-----Original Message-----
From: pallen@enron.com [mailto:pallen@enron.com]
Sent: Monday, January 17, 2000 5:20 PM
To: designadvice@living.com
Subject: Choosing a style

I am planning to build a house in the Texas hillcountry.  The exterior will
be a farmhouse style with porches on front and back.  I am considering the
following features:  stained and scored concrete floors, an open
living/dining/kitchen concept, lots of windows, a home office, 4 bedrooms
all upstairs.  I want a very relaxed and comfortable style, but not exactly
country.  Can you help?

==========================================
Additional user info:
ID = 3052970
email = pallen@enron.com
FirstName = phillip
LastName = allen


Charlie & Wayne,
I did get some more displacement points from Gas Control today so here is the  updated list.
I wanted to be sure the TMS validations for the displacement groups is added in your coding. We will set up the displacement group. Call it "Dispacement IT Group" which should be a valid receipt and delivery group for IT contrcts. The other Displacement group is called Displacement SP Group. This group will need to follow the same rules and validations for pools(point is only valid for the basin that it belongs to). Also, this group is only valid as a receipt group for SP contracts.

The Bi-dierctional points will not need a list since TMS will read the point flow indicator of "B" & allow both receipts & deliveries to be nominated for "IT" contracts. Any Bi-directional points on Firm  will have the points tied directly to the contract or be in a group that is ties to the Firm contract.

Linda & Darrell, please review this list & make sure it is correct

Thanks Ramona

 -----Original Message-----
From: 	Yuan, Charlie
Sent:	Thursday, January 10, 2002 1:26 PM
To:	Trevino, Linda; Betancourt, Ramona ; Feng, Wayne
Subject:	RE: TW Agents

I agree we need the displacement group, since IT contract does not have groups attached.

Thanks

 -----Original Message-----
From: 	Trevino, Linda
Sent:	Thursday, January 10, 2002 1:19 PM
To:	Betancourt, Ramona ; Yuan, Charlie; Feng, Wayne
Subject:	RE: TW Agents

Ramona,

We are only tying point groups to firm contracts, IT contracts will validate against PLE.  I think we need to set up a displacement group for Charlie to validate any contract against for displacement puposes.  If this is not what is happening or we need to discuss further please let me know.

Thanks

 -----Original Message-----
From: 	Betancourt, Ramona
Sent:	Thursday, January 10, 2002 12:28 PM
To:	Yuan, Charlie; Trevino, Linda; Feng, Wayne
Subject:	RE: TW Agents

All,
I have completed the review of the TW Displacement points and the Bi-Directional pts. and have attached a file with the points.
When reviewing the data, I have found the all points are tied to the current "All Receipts Pt. Template" correctly. My file also indicated that TW only set up this process for "IT" Interruptible contracts. If we show all the points today on the All receipt point group and the "IT" contracts have that group attached, then we should not need a new group. This would still allow marketing the flexability to allow  firm contracts to use  diplacement points or bi-directional points as alternates on a case by case and point by point basis if needed by amending the firm to add a new specific alternate point to the contract.

Thanks Ramona

 << File: Displacement-Bidirectional011002.xls >>

 -----Original Message-----
From: 	Yuan, Charlie
Sent:	Wednesday, January 09, 2002 1:01 PM
To:	Trevino, Linda; Feng, Wayne
Cc:	Betancourt, Ramona
Subject:	RE: TW Agents

I will manually enter some for our testing.

How are we doing in setting up displacement point group? We would need that for the alternate point testing.

Thanks

 -----Original Message-----
From: 	Trevino, Linda
Sent:	Wednesday, January 09, 2002 12:45 PM
To:	Yuan, Charlie; Feng, Wayne
Cc:	Betancourt, Ramona
Subject:	TW Agents

Attached is a spreadsheet containing all of the current TW agent relationships.
Charlie - can you systematically enter the data from the spreadsheet into PLE?  If not let me know and I will imput as soon as I have a screen to do so.

Linda << File: TWagent.xls >>


Alan, there is a good article on power trading in Japan.  Please pass it on
as appropriate.   Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 06/15/2000 04:54 PM -----

	Tara McAuliff <TMCAULIFF@isda.org>
	06/15/2000 10:16 AM

		 To: Aubrey Rothrock <arothrock@pattonboggs.com>, "Carol Nichols for Joe
Bauman (b of a)" <carol.j.nichols@bankofamerica.com>, "Carolyn Huntley (Allen
& Overy)" <Carolyn.Huntley@allenovery.com>, Cecilia Steffensen
<CSTEFFENSEN@isda.org>, Charles Smithson <charlessmithson@mindspring.com>,
"Chi Wing Yuen (AIG)" <chi-wing.yuen@aig.com>, "Claudia Martell for Goodrich
(Deutsche Bank)" <claudia.martell@db.com>, Corrinne Greasley
<CGREASLEY@isda.org>, "Damian Kissane (Deutsche Bank)"
<damian.kissane@db.com>, Daniel Cunningham <dcunning@cravath.com>, "David
Mengle (JP Morgan)" <mengle_david@jpmorgan.com>, Dennis Oakley
<dennis.oakley@chase.com>, Don Moorehead <dmoorehead@pattonboggs.com>,
Douglas Bongartz-Renaud <douglas.bongartz-renaud@nl.abnamro.com>, Ernest
Patrikis <ernest.patrikis@aig.com>, "George Francois (CIBC)"
<francois@us.cibc.com>, "H.Ronald Weissman"
<h.ronald.weissman@arthurandersen.com>, Henning Bruttel
<Henning.Bruttel@dresdner-bank.com>, "Hiroyuki Keisho (Sanwa)"
<Hiroyuki_Keisho@sanwabank.co.jp>, ISDA LONDON OFFICE <ISDALONDON@isda.org>,
Jeff Golden <goldenj@allenovery.com>, Jerry del Missier
<jerry.delmissier@barclayscapital.com>, Jonathan Moulds <jonm@crt.com>, Jose
Manuel Hernandez-Beneyto <jhb1@bancosantander.es>, "Joseph Evangelisti (JP
Morgan)" <evangelisti_joe@jpmorgan.com>, Josh Cohn <jcohn@cravath.com>,
"Kazuhiko Koshikawa (Sanwa)" <kazuhiko_koshikawa@sanwabank.co.jp>, Keith
Bailey <kbailey2@exchange.ml.com>, "Liz O'Sullivan" <LOSULLIVAN@isda.org>,
"Marjorie Cresta (Cravath)" <mcresta@cravath.com>, Marjorie Marker
<marjorie.b.marker@arthurandersen.com>, Mark Brickell
<brickell_mark@jpmorgan.com>, Mark Haedicke <Mark.E.Haedicke@enron.com>, Mark
Harding <mark.harding@wdr.com>, "Mark Wallace (Warburg)"
<mark.wallace@wdr.com>, Mary Cunningham <MCUNNINGHAM@isda.org>, Maurits
Schouten <maurits.schouten@csfb.com>, Michael Iver <milphil@gateway.net>,
Paul Wilkinson <paul.zz_wilkinson@wdr.com>, Quentin Hills
<quentin.hills@citicorp.com>, Richard Grove <RGROVE@isda.org>, Robert Mackay
<robert.mackay@nera.com>, Robert Mark <markb@cibc.ca>, Robert Pickel
<RPICKEL@isda.org>, Roseanne Stanzione <RSTANZIONE@ISDA.ORG>, Rosemary Ryan
<RRYAN@isda.org>, Ruth Ainslie <RAinslie@isda.org>, "Samantha Penney (Allen &
Overy)" <Samantha.Penney@AllenOvery.com>, Sebastien Cahen
<sebastien.cahen@socgen.com>, "Shawn Dorsch (Derivatives Net)"
<shawn@blackbird.net>, Shigeki Kawano <SKawano@isda.org>, Shigeru Asai
<Shigeru_Asai@sanwabank.co.jp>, "Shunji Yagi (Sanwa)" <DPD@aurora.dti.ne.jp>,
Stacy Carey <SCAREY@ISDA.ORG>, "Steve Bernardete (MSDW)"
<isdaarticles@msdw.com>, Steve Kennedy <kennco@mindspring.com>, Steve Targett
<steve_targett@nag.national.com.au>, "Sue Edwards (WDR)"
<sue.edwards@wdr.com>, Teruo Tanaka <teruo.tanaka@ibjbank.co.jp>, Thomas
Montag <tom.montag@gs.com>, Thomas Werlen <twerlen@cravath.com>, Tsuyoshi
Hase <fwhx9396@mb.infoweb.ne.jp>, Wendy Chang <w.chang@msdw.com>, Yasuko
Horibe <YHORIBE@isda.org>, "Yasumasa Nishi (IBJ)"
<yasumasa.nishi@ibjbank.co.jp>, Yoshitaka Akamatsu
<yoshitaka_akamatsu@btm.co.jp>
		 cc:
		 Subject: ISDA Press Report, 6/15/00

ISDA PRESS REPORT, THURSDAY, JUNE 15, 2000

* US Regulators Find Flaws In Commodities Overhaul Bill - Capital
Markets Report, 6/14/00
* Japan Online Power Trading May Spark More Deregulation - Dow Jones
Energy Service, 6/15/00
* Philippines Relaxes Banks' Requirement To Raise Capital - The Wall
Street Journal Europe, 6/14/00
* Danger Signs - The Economist, 6/10/00

Capital Markets Report, 6/14/00
US Regulators Find Flaws in Commodities Overhaul Bill
By Dawn Kopecki

WASHINGTON -(Dow Jones)- U.S. financial regulators at a hearing Wednesday
faulted legislation aiming at rewriting the nation's commodities laws for
going too far in some areas at streamlining the laws overseeing derivatives
products and futures markets.

Some officials criticized the bill, introduced by Rep. Thomas Ewing, R-Ill.,
chairman of the House Agriculture Subcommittee on Risk Management, for
diminishing the jurisdiction of the Securities and Exchange Commission over
certain derivatives products.

The legislation, as well as a companion bill introduced by Senate
Agriculture Chairman Richard Lugar, R-Ind., would streamline the laws
overseeing derivatives products and futures markets as well as deregulate
some aspects of that industry.

Lawmakers have been struggling all year to revamp those markets. The
Commodity Exchange Act - which expires Sept. 30 - determines which agency,
the SEC or the Commodity Futures Trading Commission, has jurisdiction over
what derivatives products.

A tugging war between the two agencies over how to redraw those lines has
slowed progress on the legislation.

Annette Nazareth, director of the SEC's division of market regulation,
faulted Ewing's legislation for creating a new kind of deregulated futures
trading facility, but then giving the CFTC exclusive jurisdiction over the
securities traded on those new facilities.

"The (SEC) does not believe that there is a justification for eliminating
the traditional role of other regulators, including the SEC, in regulating
markets and intermediaries that trade such government securities and other
products," Nazareth said in written testimony.

She noted that it's especially important that the SEC retain its authority
"when these products would be traded on facilities subject to even fewer
investor protections than exist today on futures exchanges."

Treasury assistant secretary Lewis Sachs also found that section of the bill
flawed, saying that his agency was concerned that Ewing's bill makes
regulatory oversight of clearinghouses optional, not mandatory. He was
similarly concerned about giving the CFTC exclusive jurisdiction over all
transactions conducted within a clearinghouse.

"The exclusive jurisdiction of the CFTC may preclude securities regulators
from maintaining oversight of organizations that clear securities-related
products," Sachs said in his written testimony. He added that regulation of
clearinghouses should be mandatory and that the SEC should oversee
clearinghouse transactions for products currently under its jurisdiction.

Nazareth also suggested that Ewing clarify a section of the bill so that it
clearly gives the SEC direct access to audit trails, coordinated market
surveillance and inspection authority to pursue insider trading and other
fraudulent practices regarding the trading of single-stock futures.

"The SEC should not be required to seek the permission of any other entity
to protect investors," she said.

Both Sachs and Nazareth found it "troublesome" that Ewing's bill has a lower
threshold than other proposals for determining what constitutes a
"sophisticated investor." That's important because the legislation allows
sophisticated investors to conduct a wide variety of transactions with the
least amount of scrutiny from federal regulators.

"We do not believe that adequate consideration has been given to whether $10
million in total assets is a sufficient indication of sophistication," she
said. "Moreover, the bill grants the CFTC broad discretion to declare anyone
an eligible contract participant."

Lugar's bill, as well as a report released last year by the nation's top
financial regulators, defines a sophisticated investors as having at least
$25 million in assets.

Sachs also had serious reservations about the way Ewing's bill relieves
regulatory burdens for futures markets, saying that there may be some
unintended consequences for "legislating" relief.

"Once such provisions are written into law, the regulators will have no
ability to review and amend them should subsequent market developments
warrant change or should other problems arise," Sachs said.

In addition, Sachs was troubled by some changes to the rules overseeing
government securities that, he said, could "undermine the laws that Congress
put in place in recent years that were designed to uphold and strengthen the
integrity of the government securities market."

Patrick Parkinson, associate director of the division of research and
statistics for the Board of Governors of the Federal Reserve, also
criticized a section of the bill that he said would "leave uncertainty about
whether some electronic trading systems for financial contracts between
professional counterparties were subject to the (Commodities Exchange Act)."

C. Robert Paul, general counsel for the CFTC, had concerns of his own about
the legislation. He highlighted problems with the way the bill handles metal
and energy commodities as they relate to electronic trading systems.

For his part, Ewing warned regulators that Congress may run out of time to
pass the legislation this year if the agencies can't agree on key aspects of
the bill.

"I hesitate to say, let's pass those parts we agree on. It's pretty easy to
pat yourself on the back and just do the easy work," Ewing said.

Several lawmakers criticized the SEC and CFTC for holding up progress for
the sake of politics. The two agencies have deep differences of opinion over
how to regulate single-stock futures.

Ewing's bill gives the CFTC almost exclusive authority over single-stock
futures. The SEC wants to share jurisdiction over the new product.

"I really don't necessarily see this as a turf battle," Nazareth said
following her testimony. "There are significant challenges in crafting a
framework that protects investors in the way they have come to expect in the
securities market."

Dow Jones Energy Service, 6/15/00
Japan Online Power Trading May Spark More Deregulation
By Mika Watanabe

TOKYO -(Dow Jones)- Partial deregulation of Japan's power industry in March
hasn't exactly charged up the country's power sector, as industrial and
commercial users have yet to take advantage of their newly-won freedom to
pick suppliers.

However, the launch of online electricity trading in Japan later this year
will likely lure more independent power suppliers into the market, spurring
trading activity and possibly prompting the government to take further
deregulation steps ahead of a scheduled review in March 2003, analysts say.

Among the early birds hoping to provide the catalyst for this process in the
form of a trading system are Japanese trading house Itochu Corp. (J.CIT or
8001) and the U.S.' Automated Power Exchange (X.AUP), which plan to launch a
Web-based electric power exchange in November.

U.S.-based Enron Corp. (ENE) has also launched its global EnronOnline
Internet trading platform for a variety of commodities and financial
products and is approaching companies here with the eventual target of
trading electricity.

"Even though the market will be limited initially, if the trading mechanism
were there, a substantial number of large-lot buyers who seek lower prices
would participate, while potential sellers who hold excess generation
capacity would also join in, to make money from their idle assets," said
Naoto Hashimoto, a senior utility analyst at Nomura Securities.

As of March, Japan's 8,000-odd high-volume industrial and commercial users -
which together represent 27% of total Japanese power demand - are now free
to choose their suppliers.

"The potential is enormous," agreed Hideki Yokoyama, general manager of
Itochu's power project group. "Though the performance (of our online
exchange) won't necessarily be stellar at first, its early launch should
pave a smooth way to grab some 65% of the Japanese electricity market, which
is slated to open in the next stage of deregulation within three years."

Yokoyama also noted a chicken-and-egg effect: while trading activity would
likely lead to faster deregulation, specific liberalization measures would
lead to more activity. Online electricity trading might take hold in Japan
sooner than expected if requirements discouraging potential entrants are
eased in response to growing complaints from various industries, he said.

Even after partial deregulation, independent power producers who want to
sell retail electricity are still fettered by several inflexible
requirements. For example, companies must sign a one-year or longer
transmission grid leasing contract and a costly back-up supply contract with
existing utilities.

Yokoyama predicts that the Ministry of International Trade and Industry
might relax such requirements before the 2003 review.

"Potential entrants' calls for online trading could set a wave of e-commerce
in motion, and that would put added pressure on the regulators," he said.

Utilities' Participation Key To Boosting Liquidity

Experts concede that online electricity trading liquidity is likely to be
thin in the initial stage, but they say volume will snowball as domestic
utility giants enter the market.

APX and Itochu plan to form a joint venture in July for their online
exchange, tentatively called JPX, and expect Japanese utilities as well as
other energy concerns to invest in the Y1.5-billion venture.

"We will keep the door open for any regional power monopolies," said
Yokoyama, adding that some utilities are now studying the trading mechanism
with keen interest.

"It's just a matter of time before some farsighted existing utilities use
the new mechanism to hedge against potential risks such as losing customers
and falling prices, and this will consequently increase market liquidity,"
predicted Nomura's Hashimoto.

Outside the power concerns, the likely participation of other domestic
heavyweights, including Osaka Gas Co. (J.OSG or 9532) and Nippon Telegraph &
Telephone Corp. (NTT or 9432) should also provide a tremendous boost to the
electricity market, said Masanori Maruo, a Tokyo-based utility analyst at
Deutsche Securities Ltd.

NTT, Osaka Gas and Tokyo Gas Co. (J.TYG or 9531) already unveiled in March
their plan to team up in entering Japan's retail electricity business.

"Gas utilities and NTT hold massive excess power generation capacity, while
NTT is the country's largest electricity user which alone represents 0.5% of
entire domestic consumption," said Maruo. "The combination will be able to
play a significant role in electricity trading by taking a two-way position
to offset risks," he said.

In addition, some domestic and foreign financial firms, including Industrial
Bank of Japan Ltd. (J.IBJ or 8302) and Morgan Stanley Dean Witter & Co.
(MWD), are set to offer various electricity-linked derivatives, designed to
manage risks from fluctuations in demand and prices. Such products could
spur further market participation of existing utilities as well as potential
sellers.

Analysts say the biggest long-term risks are those faced by utilities which
lag behind in doing business the new way. While market participation won't
bring them much financial gain, such power companies have the most
compelling need to hedge against price fluctuations, as they surrender their
price-setting monopolies to market forces.

"It may seem that power utilities have little to gain from participating in
online trading, but in fact, they have much to lose if they stay away from
the trading mechanism," as they fall behind in hedging risks, said
Hashimoto. "Eventually, they'd end up playing a loser's game."

The Wall Street Journal Europe, 6/14/00
Philippines Relaxes Banks' Requirement To Raise Capital

MANILA -- The Philippine Central Bank has decided to withdraw a requirement
for banks to raise their minimum capital for 2000, a move expected to ease
investors' concerns over the stability of the country's banking industry,
analysts said.

The decision to eliminate the third and final round of a capital increase
for banks effectively extends to Dec. 31, 2000, the deadline for compliance
with last year's minimum capital requirement of 4.95 billion pesos (122.2
million euros) for universal banks and 2.4 billion pesos for commercial
banks.

Originally, universal banks were required to raise their minimum capital to
5.3 billion pesos by the end of 2000, while commercial banks were required
to raise their minimum capital to 2.8 billion pesos.

In the Philippines, universal banks are commercial banks with expanded
licenses that allow them to venture into noncommercial banking operations
such as investment banking and fund management.

The central bank's decision to relax its capital rule will prevent a loss of
confidence in banks that would otherwise have had a difficult time meeting
the new requirement, said Angping & Associates Securities Inc. The move will
also prevent panic among depositors that could lead to heavy withdrawals at
banks or the banks' closure, Angping added.

The central bank's capital requirement for banks may be adjusted next year
in line with the new risk-based capital framework contained in the recently
passed General Banking Act.

The framework allows the central bank to impose new capital requirements
based on the activities banks are involved in and the capital risks tied to
them. Higher capitalization may be imposed, for instance, on banks engaged
in high-risk transactions such as derivatives trading, central bank Gov.
Rafael Buenaventura said.

The central bank implemented a three-stage increase of the minimum capital
of banks in 1998 in a bid to strengthen the banking system to prevent a
fallout from the Asian financial crisis. Ironically, however, the higher
capital requirements indirectly led to the closure of one commercial bank
and heavy withdrawals at two other banks earlier this year. Last month,
Urban Bank closed after experiencing a liquidity crunch after several days
of withdrawals by depositors.

The withdrawals were triggered by rumors that the bank's previous downgrade
to a thrift bank from a commercial bank was because of cash flow problems.
The bank was downgraded because it couldn't meet the original 2.4 billion
peso capital requirement deadline for commercial banks as of the end of
1999.

The Economist, 6/10/00
Danger Signs

An unusual thing happened this week in America. The prices of corporate
bonds rose. Of late they have proved a dreadful investment-worse by far than
government bonds. How much farther their prices will rise depends largely on
what happens in the market in which they are priced: the swaps market. That
market is in turmoil.

Swaps are the glue that binds together the world's financial system. First
developed in the early 1980s, they now dwarf other financial instruments. At
the end of last year there were some $46 trillion of swaps outstanding,
compared with $5.4 trillion in, for example, international bond markets.

Broadly, swaps come in two forms: interest-rate swaps and currency swaps.
Simply put, both allow parties to exchange cash-flows. In a currency swap,
the two exchange currencies and re-exchange them at maturity at the same
rate. In the meantime they exchange interest payments.  In a typical
interest-rate swap, one side exchanges a floating-rate obligation (generally
based on Libor, the rate at which the best banks lend to each other) for a
fixed one.

This simplicity has made swaps, and interest-rate swaps in particular, a
very useful tool.  They allow banks, for example, to match their assets and
liabilities much more closely. If they have lots of short-term floating-rate
liabilities (such as savings accounts) but long-term fixed-rate assets (such
as loans) they can "swap" long-term assets into short-term ones. Likewise,
companies can use swaps to convert fixed-rate debt (which investors might
prefer) into floating-rate debt, or vice versa.

The level of the fixed rate in the swap reflects, among other things, the
willingness of the market to accept corporate debt rather than government
debt, which means that the swap rate is calculated at a spread over
government bonds. Euro swap-spreads have risen in recent weeks, but dollar
swap-spreads have widened dramatically. Ten-year spreads peaked at the end
of May at 140 basis points (hundredths of a percentage point)-a higher
spread than ever before (see chart on next page). They have since narrowed,
but are still wider than at the height of the financial crisis that followed
Russia's default. At times in recent weeks, the swaps market has shut down
completely; nobody was willing to receive a fixed rate.

What on earth is going on? There are, broadly, two sets of explanations, one
relatively benign, the other emphatically not. The benign view is that the
rise in swap spreads is explicable by rising interest rates, greater default
risk, and the relative sizes of government-and corporate-bond markets.

Governments are issuing fewer bonds. On optimistic assumptions, America's
government could buy back all its debt by 2010. American companies, in
contrast, are borrowing hugely. That makes government bonds more valuable,
compared with corporate debt. It reflects what Stephen Compton, head of
bonds at Schroder Salomon Smith Barney in Europe, calls "the privatisation
of the bond markets".

Rising interest rates, too, are partly to blame for widening swap spreads.
When the market thinks that interest rates will rise, there is more of an
incentive to pay, rather than receive, a fixed rate. That incentive is
greater at times when, as now, long-term rates are lower than short-term
ones (an "inverted yield curve"). This means that anybody receiving a fixed
(long-term) rate and paying a floating one loses money.

Then there is the increase in corporate debt Credit Suisse First Boston
(CSFB) expects American companies to issue as many bonds this year as they
did last, when they sold record amounts. Importantly for swap spreads, one
reason that firms are borrowing so much is to buy back their shares. So
American companies are becoming ever more highly geared, and hence less
creditworthy. Share buy-backs are running at double last year's level and,
reckons David Goldman, a strategist at CSFB, will remain in vogue as long as
debt is relatively cheap, and firms' managers think that more leverage is
good for shareholder value.

If this were not enough, swap-market folk also point accusing fingers at
Gary Gensler, under-secretary at the American Treasury. In March, he said
that federally sponsored agencies, such as Fannie Mae and Freddie Mac, which
everybody assumed were guaranteed by the government, were not. The yield on
their debt rose sharply. Since they are the biggest actors in the swaps
market, so did swap spreads.

Swap knot

Taken together, these factors might seem enough to explain what has
happened. But James Bianco, who runs an eponymous research firm, thinks they
are not. Swap spreads, he points out, have been widening for the past three
and a half years-before any of these other factors cropped up. And they do
not explain why swap spreads have risen so fast this year.

Mr. Bianco argues that two things dominate the pricing of interest-rate
swaps: interest rates and credit concerns. For most of the 1990S swap rates
went up and down with interest rates. That relationship has now largely
broken down, suggests Mr. Bianco, because markets have become more concerned
over risks to the financial system, as a result of the crises of recent
years. If Mr. Bianco is right, this has important ramifications: it suggests
there are growing worries about the riskiness of the swaps market, based on
fears about the health of financial firms-by far the biggest participants.

Pshaw, say critics: there is no credit risk in the swaps market. Forget
about those telephone-number figures: no principal amount is exchanged in a
swap, so what matters is not the "notional" amount at risk but the cost of
replacing the swaps-a far lower number. Moreover, big banks post collateral
if they are on the losing side of a swap, thus eliminating even any residual
risk.

Really? "Swaps are perceived as riskless. That must be wrong," says a
treasurer at a big bank. Unlike futures exchanges, the swaps market looks
only at current exposures, not potential ones (futures exchanges demand a
dollop of cash up front to cover the second). And the market has grown so
much that these potential risks are becoming huge.

So it is at least plausible that people are starting to fret about the
banking system. But why might this be a problem in America, of all places?
Because it is taking ever more risk to generate the returns demanded by
share-holders. Bank lending is growing by 10% at an annual rate, and
property lending by 13.5%, its highest rate since 1989. If anything, these
rates are accelerating because, after nine years of growth and few defaults,
banks' backward-looking risk models tell them that lending is a fine
business.

And not just in America. In Europe, too, banks are taking more risk to
generate higher returns. At best, the swap market is merely reflecting this
increase in risk. At worst, it might be signaling that the world's financial
system is in danger of becoming unglued.

End of ISDA Press Report, Thursday, June 15, 2000.

THE ISDA PRESS REPORT IS PREPARED FOR THE LIMITED USE OF ISDA STAFF, ISDA'S
BOARD OF DIRECTORS AND SPECIFIED CONSULTANTS TO ISDA.  THIS PRESS REPORT IS
NOT FOR DISTRIBUTION (EITHER WITHIN OR WITHOUT AN ORGANIZATION), AND ISDA IS
NOT RESPONSIBLE FOR ANY USE TO WHICH THESE MATERIALS MAY BE PUT.


I have been sitting on the amendment you drafted which was to add several
city gates while removing others as part of the Rosenburg transition.  Since
we cannot find economic support for the Pheasant Creek City Gate, please
delete this from your draft (to be effective 10/1/99) and resubmit to me for
execution.  Upon Entex's execution of the Bill of Sale on Rosenburg, which we
have been waiting for their comments for several weeks, we will then be
prepared to execute this revised amendment.  Jim, can you prompt up Entex's
response to the Bill of Sale so we can move this along?


While you guys were all busy worrying over the California energy crisis, I
slipped down to Mexico to conduct an investigation of how our neighbors even
further to the south are faring. Do they still have lights? Is the AC shot?
Can they even make a blended margarita?

Seriously, though, I will be out of the office on Friday, Dec. 22, and again
from Wednesday, Dec. 27 to Monday, Jan. 2. I realize this is late notice; I
did let Richter know awhile ago, but I probably should have spread the word a
little further. I am truly sorry.

At any rate (below the price cap of course), while I am gone I would be so
appreciative if one of you could run the Dow Jones report in the morning and
the EOL report in the evening. Dow Jones will only need to be taken care of
from Wed. through Fri. of next week. I will call on those days, and I can
easily explain the procedure over the phone to those of you who don't know
it. If I call and you're ridiculously busy, just hang up on me. I'll call
back later.

The EOL report we have come to know and love is actually being fixed right
now. I will talk with Nicolay Kraltchev, the Houston IT guy in charge of
fixing it, on Friday, Dec. 22. It should be up and running again by Friday
afternoon. Again, I'll call to check in and make sure this works, or explain
how to use it.

I'll be in the office on Monday, Dec. 25, just briefly to make sure it hasn't
exploded in my absence, but then I'll be off to the land where tequila is
better for you than water. Sounds terrible. Please don't hesitate to call if
you have any questions, or problems, of the work sort, of course.

Kate
503.819.2181


---------------------- Forwarded by Tana Jones/HOU/ECT on 01/10/2000 05:02 PM
---------------------------

	Enron North America Corp.

	From:  Tana Jones                           01/10/2000 03:45 PM

To: Lucy Ortiz/HOU/ECT@ECT
cc: Bob Bowen/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
Subject: Re: Weather CP?

Williams Energy Marketing & Trading Company shouldn't be a problem for
weather transactions.  The Master Agreement we have in place with them is an
ISDA Local Currency.  The only thing we need to cover is in the confirmation
adding the trade option rep for weather, since weather wasn't covered way
back then.  Otherwise, they are already approved for all products for online
trading.  Since the master is a Local Currency form, we might run into some
problems if they wanted to trade non-u.s based products, or use any other
currency other than U.S. $$.  If either of those issues come up, let me know.


where is he going, and is tim nash capable of picking up tony's responsibilities?

 -----Original Message-----
From: 	Hill, Dave (HR)
Sent:	Monday, October 22, 2001 3:33 PM
To:	Shankman, Jeffrey A.
Cc:	Funkhouser, Shanna
Subject:	LNG resignation

Jeff,

Tony Galt, of the LNG group, gave two weeks notice last week.  His last day will be October 31st.  Tony functions as the LNG group's marine superintendent, reporting to Tim Nash under Jonathan Whitehead.  It appears that Tim Nash will be picking up these functions for at least the remainder of the year.  Let me know if you would like any further information.

Dave


Tana and Marie:

We need over here copies of the following agreements so that we can send out default notices to counterparties that have failed to post margin.  Margin letters were sent out on November 27 and margin is due by the end of today:

Media General, Inc. - 7-13-2000 ISDA
Societe Generale Paris 12-9-97 Master Swap Agreement
Wabash Valley Power Association 1-10-2001 Master Energy Purchase and Sale
 Agreement

El Paso Electric Company 1-22-2001 Master Power Agreement

Merced Irrigation District 3-25-99 ISDA

Eugene Water & Electric Board (City of Eugene) 10-30-2000 ISDA

City of Shasta Lake  11-21-2000 Master power Agreement

City of Sanata Clara California 9-10-99  Master Power Agreement

Snohomish PUD No. 1 1-26-2001  Master Power Agreement

Valley Electric Association Inc.  2-13-2001 Master power Agreement

Colorado River Commission  6-6-2000 Master Power Agreement

Each contract needs to be checked to see if  the due date for posting was today and to see what rights we have to declare an event of default.  All copies of response letters should be sent to Stephanie McGinnis who is in conference room 06736 in EB - South.   Sara will
coordinate with you.
Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-8537 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com


The SITARA system will be brought down  Saturday evening  (Oct 14 - 8 PM
Central Time) to move the system to a new machine.
The system will be available late Saturday, at approximately 11 PM.

CPR will be available during this time.

Please call the SITARA/CPR Hotline ((713)-853-7049) if you have any questions
or concerns.


It will be on the Calp invoice... which Enron was reimbursing Calp. So... we
will probably now need to get $$$$ back from Calp. What a joy!!!!!!!!!!!!

Mark Feldman@ECT
05/12/2000 04:23 PM
To: Joan Veselack/Corp/Enron@ENRON
cc:

Subject: Re: TCO PENALTIES - REVERSED!!!!!!!!!!

I do not see any credits on this current bill which is 4/00 production.

Joan Veselack@ENRON
05/12/2000 09:53 AM
To: Mark Feldman/HOU/ECT@ECT
cc:
Subject: TCO PENALTIES - REVERSED!!!!!!!!!!

FYI... please pass on to others that I missed in your arena.

---------------------- Forwarded by Joan Veselack/Corp/Enron on 05/12/2000
09:51 AM ---------------------------

Joan Veselack
05/12/2000 09:50 AM
To: Scott Neal/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Robin
Barbe/HOU/ECT@ECT, Maureen Smith/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT,
Scott Hendrickson/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, vlamadr@enron.com, Scott Goodell/Corp/Enron@ENRON, Chris
Germany/HOU/ECT@ECT
cc: Joann Collins/Corp/Enron@ENRON, Robert Allwein/HOU/ECT@ECT

Subject: TCO PENALTIES - REVERSED!!!!!!!!!!

TCO decided to reverse the penalties Enron incurred in January and February.
The credit is on the TCO's invoice for April.

January = $13,424
February = $13,775

Total Credit = $27,199

TCO Team discussed this penalty situation with TCO's VP, Marsall Lang. TCO
decided that Enron had not abused the system and did not overrun the TFE
(Total Firm Entitlement). YEAH!!!!!!!!!!!!!!!!!!!!!!!!!!!!


-----Original Message-----
From: 	"Happ, Susan" <SHapp@caiso.com>@ENRON [mailto:IMCEANOTES-+22Happ+2C+20Susan+22+20+3CSHapp+40caiso+2Ecom+3E+40ENRON@ENRON.com]  On Behalf Of "Fuller, Don" <DFuller@caiso.com>
Sent:	Wednesday, June 20, 2001 4:12 PM
To:	ISO Market Participants
Subject:	CAISO Notice: Correction of FERC June 19 Order Market Notice
Importance:	High

Re-sending due to the addition of footnotes. This is a corrected version

MARKET NOTICE

For hour ending 0100 on June 21, 2001, the California ISO will implement the
following terms and provisions pursuant  to the Federal Energy Regulatory
Commission ("FERC") June 19, 2001 Order concerning market mitigation
measures for California and the Western System Coordinating Council.

FOR HOURS IN WHICH ISO DECLARES A SYSTEM EMERGENCY:

*	The ISO Real-time Imbalance Energy 10-minute and Hourly Ex Post
prices shall be set in accordance with FERC's April 26 Order, as clarified
by FERC's June 19 Order.
*	The Market Clearing Price ("MCP") for Ancillary Services shall not
exceed the Hourly Ex Post Price for the same hour in accordance with FERC's
May 25, 2001 Order, as described in the CAISO Emergency Notice-May 25, 2001
FERC Order On Implementation of the Price Mitigation Plan in April 26 Order.

*
*	FOR HOURS IN WHICH ISO DOES NOT DECLARE A SYSTEM EMERGENCY:
*
*	The ISO Real-time Imbalance Energy MCP shall be no greater than 85
percent of the highest Hourly market clearing price established when the
last Stage 1 emergency was in effect.
*	The ISO Ancillary Services MCP shall be no greater than 85 percent
of the maximum Hourly market clearing price established when the last Stage
1 emergency was in effect.
*
*	APPLICABLE TO ALL HOURS:
*
*	The system-wide gas price utilized to calculate the Proxy Price
mandated by the April 26 Order, as clarified by the June 19, 2001 Order,
shall be based on the simple average of the Gas Daily mid-point monthly
bid-week SoCalGas large package, Malin, and PG&E Citygate prices.  For June
2001 this average is $9.10/mmBtu.

*	The ISO is required to add 10 percent to the MCP paid to generators
for all prospective sales in its markets to reflect credit uncertainty.  The
prices posted on the ISO Web Site do not reflect the 10 percent mark-up.
Footnotes:
1 Capitalized terms not otherwise defined herein are used in the meaning set
forth in the Master Definitions Supplement, Appendix A to the ISO Tariff.
2  The ISO is implementing those provisions for which it can make the
requisite system changes immediately and will implement the remaining
provisions as soon as possible.
3 The maximum MCP for non-emergency hours selling into CAISO markets
effective June 21, 2001 and until after the next Stage 1 emergency shall be
$91.87, based on the highest hourly MCP during the most recent Stage 1
emergency of $108.08MWh.

The ISO continues to assess the June 19, 2001 Order and the steps necessary
to implement the Order.  We will be issuing subsequent Market Notices as may
be appropriate with respect to implementation of the June 19, 2001 Order.

CAISO Market Operations


-----Original Message-----
From: Neal, Scott [mailto:Scott.Neal@ENRON.com]
Sent: Thursday, November 29, 2001 2:17 PM
To: scott.neal@worldnet.att.net
Subject: FW: Just wanted to say Hi!

>  -----Original Message-----
> From: 	"Randy Aucoin" <randy.aucoin@rweamericas.com>@ENRON
> Sent:	Thursday, November 29, 2001 11:15 AM
> To:	Neal, Scott
> Subject:	RE: Just wanted to say Hi!
>
> Scott,
>
> My number is 713-837-2272.  I'm rarely at my desk so please try my
> cell
> phone 281-793-6796.
>
> Randy
>
> -----Original Message-----
> From: Scott.Neal@enron.com [mailto:Scott.Neal@enron.com]
> Sent: Thursday, November 29, 2001 10:29 AM
> To: Randy Aucoin
> Subject: RE: Just wanted to say Hi!
>
>
> Randy,
>
> Thank you for your thoughts.  My family and I are fine.  I will give
> you
> a
> call later.
> What is your phone number?
>
> Sincerely,
>
> Scott
>
>     -----Original Message-----
>    From:   "Randy Aucoin" <randy.aucoin@rweamericas.com>@ENRON
>    Sent:   Thursday, November 29, 2001 8:59 AM
>    To:     Neal, Scott
>    Subject:  Just wanted to say Hi!
>
>    Scott,
>
>    I hope you and your family are doing o.k.  I know these last few
> weeks
>    have had to be tough on you and your employees.   I know there is
>    nothing anyone can do or say to change the situation, but I wanted
> you
>    to know that I was wishing you the best.  I know your character and
> the
>    respect you have gained from your fellow employees is still an
>    inspiration to those around you.
>
>    I would love to buy you and your wife dinner one night if you would
> like
>    to get away for the evening.
>
>    Sincerely,
>
>    Randy Aucoin
>    RWE Trading
>
>
>
>
> **********************************************************************
> 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.
> **********************************************************************
>


Chris and Dick.... for your info.

---------------------- Forwarded by Joan Veselack/Corp/Enron on 01/27/2000
05:06 PM ---------------------------

kdestep@columbiaenergygroup.com on 01/27/2000 02:29:21 PM
To: Joan Veselack/Corp/Enron@ENRON
cc:

Subject: Re: Delivered Gas First Energy and COH

Doesn't seem to be a problem allocating the gas.  But please make sure Chris
Germany knows that these two pieces he bought from First Energy are in MCF b/c
they are local production.

---------------------- Forwarded by Kara Destephanis/CES/ColumbiaGas on
01/27/2000 03:26 PM ---------------------------

Don Scoles on 01/27/2000 03:04:40 PM

To: Kara Destephanis/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: Re: Delivered Gas First Energy and COH

The 1600 mcf on the 23rd and 1800 mcf on the 22nd. Which nomination group does
it go to.

   Kara Destephanis                01/27/2000 01:08 PM

To: Don Scoles/SSC/ColumbiaGas@ColumbiaGas
cc:
Subject: Re: Delivered Gas First Energy and COH

Okay, please tell me which contracts are local production?  Just the pieces I
didn't get a contract for?
The 5-2 Agg Pool Nom ID is 2540.  The 5-7 Agg Pool Nom ID is 3983.
thanks

Don Scoles on 01/27/2000 01:04:00 PM

To: Kara Destephanis/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: Re: Delivered Gas First Energy and COH

I need a specfic nomination group to be identified for the local production.
The local production can not be given to any choice nomination group. This gas
must be local production and not gas from East Ohio.

   Kara Destephanis                01/27/2000 12:05 PM

To: Don Scoles/SSC/ColumbiaGas@ColumbiaGas
cc: joan.veselack@enron.com, Joann_Collins@enron.com
Subject: Delivered Gas First Energy and COH

Here is a breakdown of the gas from First Energy/Volunteer so far this month:

Gas Day Mkt Area  Nom ID  Volume
Contract

1/21  2  M2  3034
38094
1/22  2  "  1800  "COH
Production"
1/22  2  "  100  61270
1/23  2  "  1600  "COH
Production"
1/24  2  "  1600  61270

1/21  7  M2  541  38094
1/25  7  M2  1000
38094
1/26  7  M2  500  38094
1/26  7  3344-Choice 500
38094

Please let me know the contract numbers for the "COH Production" gas and path
them in Gain if you don't mind.  Please also verify that this gas is showing
up
for CES and notify me with problems.
Thanks for your help!
Kara
(back in the office today)


This is SERC's response to NERC's Task Force letter.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 11/30/99
09:31 AM ---------------------------

Joe Hartsoe@ENRON
11/30/99 08:09 AM
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: NERC Policy Interpretation Task Force

FYI
---------------------- Forwarded by Joe Hartsoe/Corp/Enron on 11/30/99 09:13
AM ---------------------------

Dave Mangskau
11/29/99 05:39 PM
To: Joe Hartsoe/Corp/Enron@ENRON, Richard Ingersoll/HOU/ECT@ECT
cc:

Subject: NERC Policy Interpretation Task Force

Joe & Dick:
Perhaps you have already received a copy of
this???
---------------------- Forwarded by Dave Mangskau/Corp/Enron on 11/29/99
03:53 PM ---------------------------

"William F Reinke" <wreinke@duke-energy.com> on 11/29/99 03:02:40 PM
To: garfield@firstenergycorp.com, dbevelhymer@tnsk.com, paul_evanson@fpl.com,
pete.landrieu@pseg.com, bharbour@soyland.com, Dave Mangskau/Corp/Enron@ENRON,
cdurkin@npcc.org, bzemanek@csw.com, jdavis06@apsc.com
cc: jmaughn@serc1.org

Subject: NERC Policy Interpretation Task Force

TO:  Regional Chairmen

Gentlemen:
     The attachment contains a letter from SERC to the NERC Chairman and the
Chairman of the Policy Interpretation Task Force, with a copy to the NERC
President, on the matter of the TVA/Enron dispute.  I wanted you to be aware
of
this communication.  I also want to be sure that you understand that our
concerns deal solely with reliability and due process issues.  Please advise
if
you have questions concerning this matter.

Sincerely,

William F Reinke
SERC Chairman

(See attached file: Serc Ltr to Neale and Hawks Nov 29.doc)

 - Serc Ltr to Neale and Hawks Nov 29.doc


I've made some changes (shown in bold).  Bracketed text indicates a deletion

.

Jeannie Mandelker@ECT
08/18/2000 05:34 PM
To: Steven J Kean/NA/Enron@Enron, Cynthia Sandherr/Corp/Enron@ENRON, Richard
Shapiro/HOU/EES@EES, Jeff Dasovich/SFO/EES@EES
cc: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON

Subject: Revised DeLay op ed

Steve -- great guidance.
Cynthia -- hope we're in time.
Jeff -- the fifth paragraph has some supply/demand figures for the early part
of this week that I heard but can't track down the written source. Any
suggestions?

Please review and don't hesitate to call me this weekend. Best bet is home
number -- 914-736-9504 or cell phone -- 914-318-1568.

Jeannie


-----Original Message-----
From: 	karimrashid <karim@karimrashid.com>@ENRON
Sent:	Thursday, October 25, 2001 7:59 AM
To:	everybody
Subject:	FW: DJKREEMY ON THE WHEELS OF PLASTIC

Please come Thursday night to Joes Pub. I'll spin starting at 11pm. You are all on the guest list.
Love, K
Karim Rashid Inc.
357 W 17th Street
p 212 929 8657
New York NY 10011
f 212 929 0247
www.karimrashid.com
Confidentiality Note: The information in this electronic mail message may be
confidential and for use of only the named recipient. The information may be
protected by privilege, work product immunity or other applicable law.  If
you are not the intended recipient the retention, dissemination, distribution or
copying of this e-mail message is strictly prohibited. If you receive this e-mail
message in error please notify us immediately by telephone on +212 929 8657
or by e-mail at office@karimrashid.com -Thank you.

 - DJKREEMY on wheels of Plastic