---------------------- Forwarded by Judy Hernandez/HOU/ECT on 07/13/2000
01:12 PM ---------------------------

Judy Hernandez on 08/25/99 02:56:43 PM
To: Shauncy Mathews/HOU/ECT@ECT, Shirlet Williams/HOU/ECT@ECT, David
Edwards/HOU/ECT@ECT, Andrea Warren/HOU/ECT@ECT, Lisa Shoemake/HOU/ECT@ECT,
Rose Botello/HOU/ECT@ECT
cc:
Subject: FW: Precious

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 08/25/99 02:54
PM ---------------------------

Maria Sandoval
08/25/99 01:56 PM
To: Andrea R Guillen/HOU/ECT@ECT, Brenda Barreda/HOU/AZURIX@AZURIX, Pamela
Conner/HOU/ECT@ECT, Phenicia Olivier/HOU/ECT@ECT, Elizabeth Soto/HOU/ECT@ECT,
Melissa Rodriguez/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Cassandra S
Dutton/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT, Alex Saldana/HOU/ECT@ECT,
Chantelle Villanueva/HOU/ECT@ECT, Irena D Hogan/HOU/ECT@ECT, Ana
Correa/HOU/ECT@ECT, Cecilia Olvera/HOU/ECT@ECT
cc:
Subject: FW: Precious

This is cute........
---------------------- Forwarded by Maria Sandoval/HOU/ECT on 08/25/99 01:53
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Yolanda Sandoval <Yolanda.Sandoval@Halliburton.com>
       08/25/99 01:43 PM

To: "'Castillo, Margaret'" <MCastillo@metromkt.com>, Maria
Sandoval/HOU/ECT@ECT, Ursula Tovar <Ursula.Tovar@Halliburton.com>, Patty
Soria <Patty.Soria@Halliburton.com>
cc:
Subject: FW: Precious

Yolanda Sandoval
KBR Legal Dept.
713-753-5986
yolanda.sandoval@halliburton.com

-----  <<Microsoft PowerPoint 97>>

 - precious.pps


I'm inclined to agree that its not worth responding to.  They also argued
that imbalances should not be dollar valued before netting and trading are
available, but that strikes me as an industry wid e policy issue and not a TW
specific issue.  Any other thoughts?  DF

Susan Scott
12/06/2000 09:20 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Maria Pavlou/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, Mary Darveaux/ET&S/Enron@ENRON, Lindy
Donoho/ET&S/Enron@ENRON

Subject: Re: TW

We did not answer protests to our Order 637 filing.

The gist of PNM's protest in RP00-626 is that we shouldn't be able to charge
a transport or fuel fee for our imbalance netting and trading service.  I
agree with PNM that our tariff language is vague in this regard.  What
exactly do we mean by "no additional cost...unless through the allocation
process, quantities may be subject to transportation and fuel"??   Can
someone help me with this?

Since we really did not want to make this compliance filing anyway, I would
say we probably wouldn't mind if FERC rejected our tariff sheet outright.
However, it's more likely that they will just instruct us to clarify our
language.  Or they could tell us to remove the "subject to transportation and
fuel" provision.  If we want to preserve our right to charge transport and
fuel, it might be worthwhile filing something in the way of an answer.
However, I am going to need some assistance in understanding what the
language means and why we think we can do it, so I can justify it to FERC.
Any comments you have in this regard would be appreicated.

	From:  Drew Fossum                           12/05/2000 05:18 PM

To: Maria Pavlou/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary
Darveaux/ET&S/Enron@ENRON

Subject: TW

Should we respond to PNM's protest of the dollar valuation of imbalances
prior to netting and trading?  Did we already respond to this issue when they
filed their protest of the 637 filing?  DF


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Anchorage, AK       -   Sitka, AK         $239.00
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Burbank, CA         -   Juneau, AK        $299.00
Burbank, CA         -   Portland, OR      $189.00
Cordova, AK         -   Anchorage, AK     $139.00
Eugene, OR          -   Los Angeles, CA   $219.00
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Juneau, AK          -   Burbank, CA       $299.00
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San Francisco, CA   -   Wenatchee, WA     $119.00
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Seattle, WA         -   Fresno, CA        $149.00
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Seattle, WA         -   San Francisco, CA $119.00
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===============================================================
SCIENTECH IssueAlert, December 4, 2000
AES Expands Into South American Hotbed Columbia
By: Susan Kellogg, Issues Analyst
===============================================================

AES Corporation announced further international expansion through its
acquisition
of KMR Power Corporation ("KMR"), a privately owned electric power plant
developer and operator in Colombia, South America. KMR has controlling
interest in three natural gas-fired power plants having a total capacity
of approximately 600 MW.  AES will be acquiring two of the three natural
gas-fired power plants located in Cartagena  through a 100% interest in
the 314 MW TermoCandelaria power plant and a 62% interest in the 90 MW
Mamonal plant.

ANALYSIS: AES continues its "non-strategy" of acquisitions in the purchase
of KMR. In a recent interview with Dennis Bakke, AES CEO, I asked him several
times about AES "strategic plans," to which he answered, "We don't have
(one)."  Ideas often flow from the bottom up in the mega-power company
due to its decentralized structure.  Decisions are made in response to
a unique company mission which is "to serve the world and steward its
resources,
making clean, safe, reliable electricity available."

So why venture into Colombia, a hotbed of political and social upheaval
with an uncertain business environment? A risky business by many energy
companies' standards.  But AES has created a dramatic international network
guided not essentially by the almighty dollar, according to Bakke. "We'll
go anywhere we are needed, or wanted, and can live our values and principles."

So, given its unique company policies and experience in South and Central
America, KMR is a prime target. AES is perhaps the most suited to successfully
penetrate the dictatorial climate of Colombia and spark a change as they
do what they do best * buy, command and redirect electric service from
that monopoly into a clean, reliable and democratically supported power
service.

AES has made headlines throughout the year 2000 with its continuing list
of acquisitions and development in countries including Chile, Bolivia,
Argentina, Dominican Republic, El Salvador, England, Tanzania, Venezuela,
Puerto Rico, Brazil, Bulgaria, Republic of Georgia, and most recently,
Oman.

The acquisition of the Venezuelan utility C.A. La Electricidad de Caracas
(EDC) captured the headlines for several months earlier this year. AES
was involved in what was billed as a "hostile takeover," in a process that
intrigued the energy community.

AES purchased approximately 35,529,500 American Depository Shares (ADSs)
- including ADS's subject to guaranteed deliveries, representing approximately
49% of the outstanding shares. Dennis W. Bakke commended the Comision Nacional
de Valores, the Venezuelan Securities and Exchange Commission, on its final
action to allow AES to extend its offer after several stressful attempts
to close the deal.  But Bakke said the action would send a strong positive
signal for foreign investment in Venezuela.

"We were hoping to serve that country and we thought we could do a lot
better job than was being done by EDC. We didn't give a second thought
about controversy. We knew this was the right thing to do."

Bakke maintains that Venezuela has been run by a handful of very wealthy
and powerful families for many years. AES has the clout, the money and
the mission to go in, shake things up and, in line with AES' goals,  "to
create a stronger economy, a more competitive society." The strategy in
Colombia appears to continue that focus in South America.

"We've made a lot of changes (in the company) and it's not only going to
change Venezuela, but I think it will make a big difference in the neighboring
states as well."

Bakke is irrepressibly enthusiastic about the AES mission, although admitting
that maintaining its lofty principles is a challenge.

"(Our position and principles) seem to always be under attack," said Bakke.
"I know of no other corporation in the world of any significance that sees
its role in the world the way we do. But, our purpose has grown over the
years and actually deepened as we've expanded further and further into
the world."

AES has had another winning year. A world leader in generation, its value
has doubled in the past year,  Generating assets include one hundred and
twenty-five facilities totaling over 44,000 MW of capacity world wide.

Can it continue balancing the tightrope of economic growth and philanthropic
philosophy? So far, AES seems to have been "touched by an angel" in its
endeavors into areas where "others fear to tread."

For the complete interview with Dennis Bakke, see current PowerHitters
feature: http://www.consultrci.com/web/infostore.nsf/Products/PowerHitter

************************************************************************
SourceBook Weekly December 4, 2000 Issue:
http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html

************************************************************************
MISO: What Is the Future of the Midwestern Transmission Grid?
By Susan Kellogg

The Midwest Independent Transmission System Operator (MISO) has been in
a state of flux as of late, as its expansion efforts have taken some dramatic
turns with major players announcing to withdraw from membership.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
FERC Under Fire:
California IOUs Respond to Proposed Order with Sharp Criticism
By Stephanie Hainsfurther

The Federal Energy Regulatory Commission's (FERC's) concession that the
market rules and structure for wholesale of electricity in California are
"flawed" resulted in a 77-page proposal early in November to repair the
situation. The reaction from California's three investor-owned utilities
(IOUs) was immediate and overwhelmingly critical.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
Essential.com Partners with Shell:
Alliance May Provide Edge Over Utility.com
By Stephanie Hainsfurther

In a small step forward for its Internet energy services, Essential.com
has partnered up with Shell Energy to offer a lower-cost natural-gas choice
to customers of Atlanta Gas Light. It appears that both companies will
benefit immensely from the partnership, but in very different ways.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
Allegheny Energy:
Forging Ahead in Generation Deal with Enron
By Rosalie Rayburn

Allegheny Energy's recently announced purchase of three gas-fired merchant
plants from Enron North America reaffirms its strategy of expanding its
geographic footprint and strengthening its unregulated generation capability.
From Enron's point of view, the sale confirms its stated policy of pursuing
"contractual" rather than "physical" assets.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
Energy Privatization in Mexico:
The Future Rests in the Hands of a New Administration By Susan Kellogg

Energy privatization and the future of electric supply and demand are issues
to be dealt with by Mexico's new president, Vicente Fox, as took over the
helm of the country on Dec. 1.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
Williams Communications Continues Spin-Off Trend
By Will McNamara

Williams is planning a spin-off of its Williams Communications (NYSE: WCG)
subsidiary, which should take effect the first part of next year.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************

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I've made some revisions the Bill's document to make sure we are on the same
page before I prepare the LOI.

Do we want to give any sort of description of how the benchmark will be set?
Do we want to mention the cancellation provisions?

Thanks,

Kay


SK - I put it on your schedule as an FYI.  mm

Our 2nd group meeting is scheduled for Tuesday, February 8, from 9:00 - 11:00
am Central Standard Time.  Each subgroup will discuss their progress.
See the attached file for subgroup tasks and membership.  Also below is the
most up-to-date team roster.

Details for the Feb 8 meeting will be provided later.  Thank you!


jeffw@worldstrides.com
09/20/2001 12:46 PM AST

To: jeffl@worldstrides.com, pattyd@worldstrides.com, peer.ebbighausen@unistudios.com, jbrewer@leathercenter.com
cc:
bcc:
Subject: FW: Tequila, huh?!

> -----Original Message-----
> From:N.W. Head [SMTP:nwhead@hotmail.com]
> Sent:Monday, September 17, 2001 3:04 PM
> To:ekwnelson@earthlink.net; sookdfb@aol.com; picosa@gvtc.com;
> SAEvents@aol.com; jeffw@worldstrides.com; alflore@attglobal.net;
> whittgraph@ev1.net; jj402@juno.com; Stacyfaye1@aol.com; Amboffa@aol.com;
> BalboaRuss@aol.com; cypresskat@aol.com; gib5son@swbell.net;
> snoxwhite@yahoo.com; penny0722@aol.com; gratk@hotmail.com
> Subject:Tequila, huh?!
>
> Tequila!!
>
> A Mexican is strolling down the street in Mexico City and kicks a
> bottle laying in the street. Suddenly out of the bottle comes a Genie.
> (yall know the routine!!)
> The Mexican is stunned and the Genie says, "Hello master, I will grant you
>
> one wish, anything you want." The Mexican begins thinking, "Well.....I
> really like drinking tequila." Finally the Mexican says, "I wish to drink
> tequila whenever I want, so make me piss tequila........"
> The Genie grants him his wish. When the Mexican gets home he gets a
> glass out of the cupboard and pisses in it. He looks at the glass and it's
>
> clear.  Looks like tequila....  Then he smells the liquid. Smells like
> tequila.
> So, he takes a taste and it is the best tequila he has ever
> tasted.............
> The Mexican yells to his wife,"Consuelo, Consuelo, come quickly!"
> She comes running down the hall and the Mexican takes another glass
> out of the cupboard and pisses into it........
> He tells her to drink, it is tequila. Consuelo is reluctant but goes
> ahead and takes a sip. It is the best tequila she has ever
> tasted..........
> The two drink and party all night. The next night the Mexican comes
> home from work and tells his wife to get two glasses out of the cupboard.
> He proceeds to piss in the two glasses. The result is the same, the
> tequila
> is excellent and the couple drink until the sun comes up........
> Finally Friday night comes and the Mexican comes home and tells his
> wife, "Consuelo grab one glass from the cupboard and we will drink
> tequila.........
> His wife gets the glass from the cupboard and sets it on the table.
> The Mexican begins to piss in the glass and when he fills it his wife asks
>
> him........,
> "But Pancho, why do we need only one glass?" Pancho raised the glass
> and says..........., "Because tonight my love, you drink from the
> bottle!!!
>
> _________________________________________________________________
> Get your FREE download of MSN Explorer at <http://explorer.msn.com/intl.asp>


Erin, don't want to keep passing the ball;however, this is a retail
opportunity in almost all states (ie) railroad demand is classified as retail
customers under most IOU tariffs.  I would ask Harold Buchanan

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/06/2000
08:11 AM ---------------------------

10/05/2000 11:47 AM
Erin Rice@ENRON
Erin Rice@ENRON
Erin Rice@ENRON
10/05/2000 11:47 AM
10/05/2000 11:47 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Re: Question from all-employee meeting

David:

Ben Glisan suggested you might be the best person to address the following
question that was not answered at the all-employee meeting this week.  I will
route them back to Ken, Jeff and Joe for final approval, then post the
answers in eMeet.

Thanks for your help.

- Erin

----- Forwarded by Erin Rice/Corp/Enron on 10/05/2000 11:46 AM -----

	Ben F Glisan@ECT
	10/05/2000 07:25 AM

		 To: Erin Rice/Corp/Enron@ENRON
		 cc:
		 Subject: Re: Question from all-employee meeting

Erin

I don't have any insight into this question, you may want to direct it to
Dave Delainey.  As I am the Treasurer, my focus is on financial activities of
the company.

Ben

10/03/2000 02:18 PM
Erin Rice@ENRON
Erin Rice@ENRON
Erin Rice@ENRON
10/03/2000 02:18 PM
10/03/2000 02:18 PM
To: Ben F Glisan/HOU/ECT@ECT
cc:
Subject: Question from all-employee meeting

Ben:

The following question was asked but not addressed in today's all-employee
meeting.  Would you please respond?  I will route to Ken, Jeff and Joe for
approval and then post the response in eMeet.

Thank you.

- Erin (Internal Communications)

Energy opportunity:  Have you thought about supplying electricity to
railtrack for its EC4T (Electric Current for Traction), i.e. all its traction
power (overhead power lines and 3rd rail system).  The full idea has been
submitted to eMeet.


FYI

Vince

 -----Original Message-----
From: 	Hirl, Joseph
Sent:	Tuesday, August 21, 2001 3:19 AM
To:	Shankman, Jeffrey A.; Kaminski, Vince J
Subject:	FW: Index

Jeff/Vince,

One of our potential customers provided us with MS's daily price sheet from earlier this week.  Interesting to see the JCC offers that have been provided.  Some of the WTI offers look fairly rich as well, particularly the 10 yr price.  MS also requires fairly hefty cash collateral requirements.

Thought this might be of interest in determing how competitive we could be with JCC.

Joe

 -----Original Message-----
From: 	Higaki, Akiko
Sent:	Tuesday, August 21, 2001 5:09 PM
To:	Hirl, Joseph
Subject:	Index

***********************************
Akiko Higaki
Enron Japan Corp.
Tel: +81-3-5219-4634(Direct)
      +81-3-5219-4500(General)
Fax: +81-3-5219-4510
URL:http://www.enron.co.jp
***********************************


Toni,
Please let me know if I left anything out.  Thanks for your help.

DG    3-9573


---------------------- Forwarded by Chris Germany/HOU/ECT on 04/23/2001 12:08
PM ---------------------------

Kimberly Bates
04/23/2001 11:42 AM
To: Jennifer Martinez/HOU/ECT@ECT, Linda Roberts/NA/Enron@Enron, Gary
Bryan/HOU/ECT@ECT, Jill T Zivley/HOU/ECT@ECT, Edie Leschber/HOU/ECT, John
Craig Taylor/HOU/ECT@ECT, Maureen Smith/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT,
Tammi DePaolis/Corp/Enron@ENRON, Gil Muhl/Corp/Enron@ENRON, David
Jones/NA/Enron@ENRON, Phil DeMoes/Corp/Enron@ENRON, Nelson
Ferries/Corp/Enron@ENRON, Ruth Concannon/HOU/ECT@ECT, John
Hodge/Corp/Enron@ENRON, Ed McMichael/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT,
Susan W Pereira/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT,
Jared Kaiser/HOU/ECT@ECT, John Hodge/Corp/Enron@ENRON, Chris
Germany/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON, Victoria Versen/HOU/ECT@ECT, Sandra F
Brawner/HOU/ECT@ECT, Peter F Keavey/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT,
Vladi Pimenov/NA/Enron@Enron, Scott Hendrickson/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT, Clarissa Garcia/HOU/ECT@ECT, Sabra L
Dinari/HOU/ECT@ECT, Scott Loving/NA/Enron@ENRON, Tamara
Carter/NA/Enron@ENRON, Kelly Loocke/ENRON@enronXgate, Chris
Ordway/NA/Enron@Enron, Tracy Wood/NA/Enron@ENRON, Robert Allwein/HOU/ECT@ECT,
Meredith Homco/HOU/ECT@ECT, Cynthia Franklin/Corp/Enron@ENRON, Alvin
Thompson/Corp/Enron@Enron, Lia Halstead/NA/Enron@ENRON, Shanna
Boudreaux/ENRON@enronXgate, Tricia Spence/HOU/ECT, Joe A Casas/HOU/ECT@ECT,
Joann Collins/Corp/Enron@ENRON, Christina Sanchez/Corp/Enron@ENRON, Steve
Gillespie/Corp/Enron@ENRON
cc:
Subject: Jared's Happy Hour

Help us wish Jared well!!!!

Wednesday, April 25

at
Sambuca

910 Travis

4:30 p.m. - until

Please RSVP


Note:  This quick expansion was the result of FERC's expedited permitting process.  Lorna

PG&E Gas Transmission Puts New Line in Service, Files 2003 Expansion
PG&E Gas Transmission Northwest (GTN) already has started deliveries through a 21-mile section of its 2002 mainline expansion project, and is making significant progress on proposed future expansions. The new 21-mile pipe section put into service last Friday increases the company's ability to deliver natural gas to western markets by 42,000 Dth/d a year earlier than expected and in time for the 2001 winter heating season.
"We applaud the efforts of the Federal Energy Regulatory Commission to expedite the permitting process so that some of this new capacity could be in service before the winter heating season," said Thomas B. King, president and COO of PG&E National Energy Group's West Region, which includes subsidiary GTN.
The new 42-inch pipe is in Spokane County, WA, and Kootenai County, ID, and represents the first installation of a third pipe, known as the C line, in GTN's mainline right of way. The new pipe became operational last Friday. GTN's 2002 Expansion Project also will include new 19,500 hp compressor units at five existing stations on the GTN mainline, which will increases its capacity by 220,000 Dth/d, mainly to serve power generation projects planned by Newport Northwest LLC and Calpine. Newport is developing a 1,300 MW generating plant near Wallula, WA, and two plants of similar size at other locations in the Pacific Northwest. Calpine has several generating projects in construction or development in the Pacific Northwest and California.
GTN also has filed with FERC for a certificate to build a second expansion for service commencing in the fall of 2003. The proposed 2003 expansion project would add another 143,000 Dth/d beginning in the fall of 2003, plus an additional 20,000 Dth/d of winter-only service. The 2003 expansion project calls for an additional 53 miles of new C line pipe, plus the installation of one 19,500 hp compressor unit on the mainline system. Combined, the 2002 and 2003 expansion projects would put the total GTN capacity at nearly 3,100,000 Dth/d.
"The 2002 and 2003 expansion projects will provide much-needed natural gas transmission capacity to supply electric generation projects already in construction or advanced development in California and the Pacific Northwest," King said.
In addition, GTN is exploring the possibility of building a pipeline lateral from its mainline system near Spokane, WA, to the Interstate 5 corridor near Seattle/Tacoma. The company has been in discussions with potential shippers about the Washington lateral project since an open season was completed in June 2001.  "There is clearly market interest in this project," King said. "We have successfully completed much of the initial feasibility studies for the Washington lateral project and are ready to move to development when the market indicates it is ready."
The GTN system went into service on Dec. 2, 1961, with initial capacity of 580,000 Dth/d. The original system, inaugurated as Pacific Gas Transmission Co., consisted of one 36-inch pipe, the A line. The mainline system grew over the last four decades, first through the addition of a second pipe, the B line, measuring 42-inches, and now with the beginning of the C line. The system includes 1,356 miles of pipeline along a 612-mile route which begins at the Idaho/British Columbia border, traversing through northern Idaho, southeastern Washington and central Oregon, and terminates at the Oregon/California border, where it interconnects with the Pacific Gas and Electric Co. pipeline system and Tuscarora Gas Transmission.


Status report of integration testing from Wednesday, Jan. 23rd
    - (16 gas/ power types of transactions to test)

Overall, there were no infrastructure or major application issues.  Unlike the prior testing, we've included many more gas transaction types and testing with all non-essential Netco data removed (aka baseline for Netco go-live).

In today's test, we had numerous data setup related issues  that resulted in downtime (ie EOL- Dynegy information, TGP address information, bad credit counterparty/ contracts,  or database issues with data sync/ replication).   These were mainly attributed to the massive cleanup/ removal of data not needed.  The  remaining issues open are being addressed Wednesday night.

Given the deferred 12:00pm to 2:00pm start time and data setup/ sync issues, we were unable to complete downstream processes (mainly Settlements, confirmations, SAP).

Continuation of testing into Thursday
We are requesting the testers with tasks remaining to complete the script execution Thursday (morning shift and afternoon shifts given UBS offsite meetings).
We will try to balance the testing activities given some will be out in the morning, and some in the afternoon.  The bridgeline will be active from 9 - 5 for communication/ status.

RECAP of where testing left off for Netco and EOL entry.

---> NETCO Deal types (with Netco external gas/power (good & bad credit)
Financial    All financial testing completed!

Power
Wednesday
    - Completed tasks:  Deal Entry, settlement statement group setup, notification, EnPower deal load.  Awaiting settlements drafting issue.
Thursday (remaining & status)
    (1)  DCAF testing ready
    (2) Kelley Huntley to draft invoices after draft issue resolved.

Gas
Wednesday
    - Completed tasks:  Deal Entry in TDS, TAGG/ ERMS, Sitara.  Port Calc

Thursday
    - (Chris Spears) - Transport - The TGP payment methods are now setup.
    - (Clarissa Hanks)  - Transport usage ticket for generic contract is setup (Deal 20000082)
    - ( Wade Price) - To draft invoices after confirmation of activity upstream (pm)
    - DCAF testing after confirmation of activity upstream
    - Need to conduct the EDI test (Tammy Jaquet/ Robert Virnau)

---> EOL Deals (Dawn Kenne has confirmed 4 EOL deals were setup.  2 Gas, 2 Power)

Thursday's plans are to confirm the flow of these deals into  Sitara, Tagg/ EnPower. Followed by eventual confirmations, settlement through Unify and SAP.  These are ready now for validation by Sitara/ Tagg/ EnPower.

Thanks to your continued involvement ...

Regan Smith
Energy Operations Systems
Enron Net Works
713-853-9291 (wk); 281-850-7551 (cell)


Did we fix this yet?  I can't remember.
We will have to wait on EPNG- probably sometime next week.  UGH.  I just want to get it done!

 -----Original Message-----
From: 	Smith, Matt
Sent:	Friday, May 11, 2001 3:40 PM
To:	Piazze, Tara
Subject:	another action item

Tara,

It appears that from December 1999 back (although I haven't checked everything), Kern historicals were loaded improperly (wrong column from the website).  So, another major action item will be to reload those actuals.

Mat


Group,
We have had some issues with EpmiCalPool deals recently and I wanted to provide information for newer members of the group and a quick reminder for crusty veterans as we head into the Thanksgiving Holiday. I have also decided to change our protocol for entering multiple EpmiCalPool deals. Please pay special attention to #5 below.

So, some basic rules about EpmiCalPool deals.

1. EpmiCalPool deals are BUY-RESALE deals--(a transmission deal will work but is not the preferred method)

2. We only BUY from the EpmiCalPool-no exceptions-.

3. EpmiCalPool deals have a $0 price in the buy and sell portions. Please do not enter a price on an EpmiCalPool deal.

4. EpmiCalPool deals must have a delivery point of an CISO tie point or an CISO congestion zone. Good delivery points would be:
Malin, COB N/S, COB S/N, NOB N/S, NOB S/N, Cascade, Captain Jack, Summit, Four Corners 345, Mead 230, Paloverde, NP-15, ZP-26, SP-15.

Bad delivery points would include: Mid-C, Hotsprings, Hidalgo, BC Border.

5. IMPORTANT CHANGES TO BUSINESS PRACTICE HERE EpmiCalPool deals are used to simulate the purchase of transmission from the California ISO.

	a.) If you have a wheel from tie point to tie point for example Malin to Four Corners for congestion management--than an EpmiCalPool deal from Malin to Four 	Corners would be appropriate. For seperate wheels from tie point to tie point we will NOT be putting in deals from Malin to NP-15, NP-15 to SP-15, and SP-15 to 	Four Corners.

	b.)However, from Congestion zone to congestion zone inside of California, or if you are moving tie point to a congestion zone--for example Malin to SP-15 we will 	need a Malin to NP-15 and NP-15 to SP-15. This will allow us to better capture congestion across congestion zones in California, and will prepare us for the move 	to FSP.

6. We will initiate this change in business practice HE 1 on Tuesday November 20th.

Epmicalpool deals continue to provide problems with reports. Please see me with any questions.

Thanks,

Bill


wait . . . do fates worse than death happen to nice guys?

By the way, how are things in your part of the world?  The lawyers here are
packing for San Antonio.  Are you going?  (I'm not.)

>>> Hain, Mary 03/21/01 09:46PM >>>
Congrats and best of luck always!  It couldn't happen to a nicer guy.

From: LEE MARTIN/ENRON@enronxgate on 03/21/2001 03:36 PM CST
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: Re: selected ferc - final

just taking over for Vickie Coonts--she retired in Feb.  Litigation and
claims.


Please add my home email address:        sneal12@mindspring.com

"Phi Delta Theta Texas Gamma" <texas_gamma@hotmail.com> on 03/06/2001
11:48:14 PM
To:
cc: hhardy3953@aol.com, dkhutchins@att.net, nunley@heronet.ne.jp,
crote@vaultnet.com, bshaw@bancleasing.com, JY@HAWAIIAN-FLOWERS.COM,
barker@icsi.net, greg@infohwy.com, conder@calhounstacy.com,
rbhardaway@phase-ii.com, rickochet@gte.net, randy.martin@nationsbank.com,
dan@caeplus.com, pvalamides@esc11.net, budwelborn@austin.rr.com,
beitter@branddevelopment.com, dpmmm@texas.net, sneal@enron.com,
bq175@aol.com, bubbatram1@aol.com, 103357.110@compuserve.com,
dbackus@tasnet.org, kdb@pdq.net, david.fisher@ourclub.com,
mmiddleton@mailbox.sw.org, wfpratt@worldnet.att.net, moverofmt@aol.com,
rs5785@aol.com, wallum@pacbell.net, bwinters@primeprinting.com,
sllecher@msn.com, jde@librozal.com, frankpmd@juno.com, ballen@trail.com,
dboobar@texcperts.com, cooperscloset@msn.com, PDT87@AOL.COM,
kfedosky@aol.com, gdm521@mindsring.com, neavx2@ix.netcom.com,
mpatronella@williamsbailey.com, sbailey@txlutheran.edu, medgar@jump.net,
bjordan@wt.sci, absocold@absocold.com, aperches@juno.com,
sbavone@interacces.com, blackwog@musc.edu, roland.brand@sap.com,
cele3@aol.com
Subject: Texas Gamma Alumni

Dear Alumni,
This is the first of many emails that will hopefully bring together the
actives and Alumni.  This directory list was created to benefit Alumni with
knowledge of semester activities.  Please respond to this if there needs to
be a correction in email address or otherwise.
Thanks,
Michael Nasra
Alumni Secretary
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


Today I called spoke to the Jillian Segall National Commissioner of the
Australian Securities and Investments Commission (ASIC). In brief I have
arranged a meeting  with her and staff handling our application next
Wednesday afternoon. Paul I have foreshadowed that we would be willing
withdraw and resubmitt our application as they had indicated. Howver we would
like to meet them to explain directly to them what our position is


fyi, for fuel cells and CRRA
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/16/2000 05:33
PM ---------------------------

Stephen Plauche
10/16/2000 05:22 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Contact List

Kay,

 This may not be the most up-to-date version of the Fuel Cell Team Contact
List, but its a start.  It needs to be updated anyway.  Take care.

Stephen


---------------------- Forwarded by Bryan Hull/HOU/ECT on 12/05/2000 10:48 AM
---------------------------

"Sharon Hull" <hullkron@bellsouth.net> on 12/05/2000 10:46:32 AM
Please respond to "Sharon Hull" <hullkron@bellsouth.net>
To: "david pere" <rcpere@acadiacom.net>, "gwen kizorek"
<gkizorek@rtcind.com>, "Ronda Jenkins" <rondaj@hotmail.com>,
<Hunterkron@aol.com>, "ron hull" <ronknee014@juno.com>, "Bryan Hull"
<bryan.hull@enron.com>, "Mary Cooney" <mpbc51@hotmail.com>, "Albert C Boyd"
<acboyd@bellsouth.net>, "keith bird" <kbirds@bellsouth.net>
cc:
Subject: Fw: See This!

----- Original Message -----
From: s <skiles@bellsouth.net>
To: allison <alskiles@yahoo.com>; <andrea2343@aol.com>; barbara
<auntbee@cs.com>; Beverly Stavley <bstavley@ak.net>; deana
<DSkiles975@aol.com>; frank <franklin.skiles@columbia.net>; frank
<oltimindud@aol.com>; frank & bridget <fbskiles@bellsouth.net>; jo
<jskiles2@grics.net>; Kenny B. <kbrandt@sanasys.com>; lynn
<LNunez1557@aol.com>; mary <QCreole48@aol.com>; mary <Hunterkron@aol.com>;
meghan rannow <nutmegn@yahoo.com>; michael rannow <moto_miker@yahoo.com>;
Rhonda Rannow <rhondaquilts@yahoo.com>; Ryan  Nunez <nryan11996@yahoo.com>;
Sharon Hull <hullkron@bellsouth.net>; Tara Nunez <taranunez@hotmail.com>;
Lisa Brown <shelby6596@msn.com>
Sent: Monday, December 04, 2000 10:27 PM
Subject: See This!

> http://www.dovewinds.com/dubya/alshokeypokey.html
>
>


I entered deal 477669 in Sitara as a purchase from New Power at the FOM index
pricing.

Jeff, I believe this works out because we should be increasing our citygate
sale to you, also at the FOM price.

Jeff, I'm out all next week, just call Joann and she will get the pricing and
enter the deals.

Also, just so I don't forget, I sold 5000 dth day of TCO Pool to New Power
for the 10th-30th at $5.68.  I won't enter a deal for this, I just need to
incorporate it into my citygate pricing.

11/09/2000 09:13 AM
Jeffrey Porter@EES
Jeffrey Porter@EES
Jeffrey Porter@EES
11/09/2000 09:13 AM
11/09/2000 09:13 AM
To: joann.collins@enron.com, Chris Germany/HOU/ECT@ECT
cc: Michael H Garred/HOU/EES@EES
Subject: Re: Gas for 11/10

term is through MONDAY 11/13, not 11/14

11/09/2000 09:05 AM
Jeffrey Porter
Jeffrey Porter
Jeffrey Porter
11/09/2000 09:05 AM
11/09/2000 09:05 AM
To: joann.collins@enron.com, Chris Germany/HOU/ECT@ECT
cc: Michael H Garred/HOU/EES
Subject: Gas for 11/10

J-We bought 15,000/d from a 3rd party for 11/10 through 11/14. Please pull
from our TCO Pool #69593. Our daily forcasted noms will reflect this.
C- Should we do this at GD 10-14 rather than IF FOM?


John,

I need information on the following questions related to Cornhusker:

1)  I understand that we will be handling the invoicing and settlements of
the supply, transport, and sales contracts.  Who will be handling the
financiol accounting  and reporting for these deals?

2)  Is someone in Legal currently assigning the contracts to ENA?

3)  What is the name of the company purchasing the supply/fuel at the plant?

4)  Tenaska told us that we are supposed to be paying the suppliers and the
pipeline for July and August activity.  Is this true?  I thought we weren't
taking responsibility for this until September business.  We are not prepared
to pay the suppliers for July.

5)  Should these deals be in an accrual or MTM book?

Thanks.

Daren


<TITLE>Power Indices - IntercontentalExchange</TITLE>

IntercontinentalExchange

Firm Power Price Bulletin

For Power Delivered on Thursday, December  27, 2001

(Trade Date of Wednesday, December  26, 2001)

Click here to access index history.

* volume represents sell-side only *

Hub
High
Low
Wtd Avg Index
Change ($)
Vol (Mwh)

Cinergy	         $25.25	         $20.00	         $23.84	+   1.51	          71,200

Comed	         $24.00	         $21.00	         $23.77	+   3.89	          10,400

Entergy	         $25.00	         $23.55	         $24.33	+   3.00	          25,600

Nepool	         $30.00	         $29.75	         $29.92	-   3.06	           2,400

Palo Verde	         $27.50	         $26.25	         $26.64	+   3.63	           8,400

PJM-West	         $26.60	         $26.00	         $26.34	+    .71	          68,000

SP-15	         $28.00	         $27.00	         $27.40	+   2.65	          19,200

TVA	         $24.50	         $24.00	         $24.28	+   2.78	           6,400

Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.

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

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

This data is provided to you free of charge.  IntercontinentalExchange reserves the right to cancel this service at any time for any reason or no reason at all.

You agree that IntercontinentalExchange does not make any representations or warranties, express or implied, with respect to the data.

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

To unsubscribe from this service, click here unsubscribe.

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


I am hearing that it may be premature to do an ISDA energy conference in
Tokyo because almost all the products being discussed so far are physical.
What do you think?

Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 12/13/2000 08:47 AM -----

	Jane McBride@ENRON
	12/13/2000 01:22 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, rainslie@isda.org@ECT, Jonathan
Whitehead/AP/Enron@Enron, Morten E Pettersen/AP/Enron@Enron, Mark
Tawney/HOU/ECT@ECT
		 Subject: Re: Energy Seminar in Japan

Hi Mark,

There will be a one-day WRMA conference here (Morten Erik and Mark Tawney are
involved in these arrangements and Mr. Wani, lawyer of local derivative fame
will be talking at the conference) in late Feb or early March.  Date will be
fixed later this week, likely to be March 5.

Jane

	Mark E Haedicke@ECT
	2000/12/13 07:38

		 To: Jane McBride/AP/Enron@Enron, Alan Aronowitz/HOU/ECT@ECT
		 cc: rainslie@isda.org
		 Subject: Energy Seminar in Japan

Jane:

ISDA is planning an energy seminar in Tokyo in mid-May.  We have heard there
may be an energy seminar in March or April in Tokyo.  Have you heard of the
earlier seminar?  We are trying to decide whether it makes sense to go
forward on the May seminar.  Could you look into this and talk to the traders.

Thanks for your help.

Regards,

Mark


Hi -

Attached is this week's NY Morning Meeting Summary.  There are some
interesting comments from Byron Wien, Morgan Stanley's US Investment
Strategist.

By the way, Byron Wien will be in Houston this Wednesday, June 6, to speak
to Morgan Stanley clients and their guests.  He will be speaking at the
Doubletree Hotel on Post Oak at 7 pm.  If you're interested in attending,
please RSVP to us at (713) 652-3425.

David Hill and Susan Dingle
Senior Vice Presidents, Financial Advisors
Morgan Stanley

 <<mmst0604.pdf>>

**** Important Notice to Recipients ****
It is important that you do not use e-mail to request, authorize or effect
the purchase or sale of any security or commodity, to send fund transfer
instructions, or to effect any other transactions.  Any such request,
orders, or instructions that you send will not be accepted and will not be
processed by Morgan Stanley.
****************************************

 - mmst0604.pdf


This warning is sent automatically to inform you that your mailbox is approaching the maximum size limit.
Your mailbox size is currently 179125 KB.

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	When your mailbox reaches 175000 KB you will receive this message.To check the size of your mailbox:

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We've never done this, I'm just thinking they may work with us on it since no
one knew the rates were going to be effective 2/1/2001.

Suzanne Calcagno@ENRON
02/05/2001 10:54 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Trco Backhaul Rates

Does that usually work?  Do you get a secondary priority or do they flow it
as primary?  I'm not used to getting discounts so I'm curious!


If you are entering a deal for Harbor, LV Cogen, Willamette, or Saguaro copy
a deal from the DEAL TEMPLATE worksheet on the Services Sheet.  These deals
are coded to show our profits.  Feel free to change any of the cells except
the BUY PRICE and P L that are highlighted in blue.  These cells have
formulas that should not be changed.  Make sure that you input the correct
BASIS price as well.

Thanks,
Holden


Please provide me with the name of a contact / phone # or Email add.

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


Tana,
Please add Noel Petterson and Frank Davis to the distribution list for Legal
approvals. We can take Jarrod Cyprow off of the list now.
Thanks!
---------------------- Forwarded by Camille Gerard/Corp/Enron on 11/02/2000
11:04 AM ---------------------------
From: Tana Jones@ECT on 11/02/2000 09:21 AM
To: Camille Gerard/Corp/Enron@ENRON, Jarrod Cyprow/HOU/ECT@ECT
cc:

Subject: ClickPaper Approval List for 11/01/00


Dear Rice Team:

We are in a critical time in the recruiting process as offers have been
extended.  In order to ensure our cultivation efforts I have assigned a
candidate for each of you to contact weekly, beginning this week.

By taking "ownership" you will create a more personal relationship with your
candidate(s) and help us to stay abreast of any questions or concerns they
may have.

Please keep me posted regarding these cultivation efforts so that no one is
left out.

Thanks again for all your work and participation!

Please let me know if you have any questions.

lexi
3-4585


Rich - Please immediately post the attached information announcing
Transwestern's IOS to be held on August 10th.  The posting can come down on
the 10th.  Thanks.


-----Original Message-----
From: 	Huang, Alex
Sent:	Tuesday, July 03, 2001 9:32 AM
To:	Kaminski, Vince J; Lu, Zimin; Kohli, Sandeep; Narongwanich, Wichai; Krishnarao, Pinnamaneni; Feng, Youyi
Subject:	Hedging stratege for full requirement deal (slightly modified version)


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/13/2000
10:03 AM ---------------------------

	Enron Capital & Trade Resources Corp. - Europe

	From:  Chris Connelly                           11/12/2000 09:06 AM

To: George McClellan/HOU/ECT@ECT, Stuart Staley/LON/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT, Kevin
McGowan/Corp/Enron@ENRON, Tom Mcquade/HOU/ECT@ECT
cc: Peter Bradley/LON/ECT@ECT, Jez Peters/LON/ECT@ECT, Candace
Parker/LON/ECT@ECT, Kenny Nicoll/LON/ECT@ECT, Dimitri Taylor/LON/ECT@ECT,
Andy James/EU/Enron@Enron, Cornelia Luptowitsch/LON/ECT@ECT
Subject: Freight weekly report

Enron Shipping Services Weekly report 44/2000

Highlight

The cape market is starting to show signs of weakening in the spot market as
the Panamax market is trading at a discount to most major cape routes and
charterers have started to split cape stems into two panamax stems.  As for
next year, the cape market is still trading at robust numbers but the
sentiment on the panamax market has definitely turned bearish as the massive
new order of vessels and the lack of grain cargoes from the US is front page
news everywhere.  We are now starting to see big grain houses really starting
to sell the panamax freight market for next year.  We are also having several
large owners calling us directly over the last few days to try to convince us
to take their tonnage for next year or fix COA's.  We are short approximatly
45 pananamx cargoes world wide next year.

The long term Coeclerici deal was finally concluded this week and booked for
$1.3 Million.  We have another smaller deal with Coeclerici which we will put
into the books within next week and are looking currently at repeating the
same strategy on a smaller panamax vessel to be delivered in 2003/2004 with a
purchase option included in the deal.
Last week we added to our short panamax position for next year by agreeing to
sell an additional 6 panamax cargoes to National Power ( now called Innogy
).  In total we now have sold 12 panamax cargoes to Innogy from RBCT to the
UK for 2001.  Further, we are in discussion with Intercore to sell them an
additional 3 capes for Q4 2001 from Puerto Bolivar to Rotterdam ( we have
already sold them 4 capes for next year ) and also discussing selling 3 capes
or 6 panamax cargoes ( our option ) to Glencore for Q1 01 from RBCT to the UK.

On the EOL front, last week was an active week as we traded with EDF trading
a total of 375,000 tons of sea freight and then on Friday, just before going
home, Louis Dreyfus transacted 5 times on our new grain panamax route ( U.S
Gulf/Japan ) for a total of 270,000 tons.

Market
	Short term	Medium term	Long Term
Handy Max	Flat	Flat	Flat
Panamax	Down	Down	Down
Cape Size	Flat	Down	Down

Deals Done
Physical Freight
ECS freight
None

Third parties freight deals
Sold 6 panamax to Innogy from RBCT to Rotterdam

OTC
FFA s
Numerous swaps on both the Cape and Panamax routes

EOL
Traded 375,000 tons with EDF Trading and 270,000 with Louis Dreyfus

Travels
All three of us should be in all week


Just a few of questions.

1. Will Kevin take MTM income on this position on "day one?"

2. Why just 5 years sold?

3. Does your 9% contemplate covering depreciation?

Wes

John J Lavorato@ENRON
12/11/2000 08:44 AM
To: Kevin M Presto/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, Wes
Colwell/HOU/ECT@ECT, Don Miller/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT
cc:
Subject:

The following points refer to the methodology that we are taking to rebook
the New Albany Plant.  Please send me a note immediately if you disagree.
Assume that NewAlb is a non mark to market entity and Enron is the mark to
market entity.  However, it is fully owned and operated by us for now.

*  The power mark to market book will pay NewAlb a capacity payment of $4.87
for 5 years.  We shaped this payment as follows:

2001 - $5.06
2002 - $4.96
2003 - $4.86
2004 - $4.75
2005 - $4.65

*  This payments allows Enron to supply gas to NewAlb and receive power.

*  Enron will pay NewAlb $1000 per unit start.

*  Enron will also pay NewAlb $1.05/MW hour for varialbe o&m.

*  This will create an entity "NewAlb" that will return 9% assuming a book
value of $336/kw on 12/31/2005 vs. 409 currently.

*  If NewAlb pays the 9% out that entity should be relatively flat each year
for the next five.


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.


By copy of this e-mail, I am asking Twanda to set up a short conf.call w/you on Wed or Thurs to discuss these issues
 -----Original Message-----
From: 	"Robert Nelson" <JRNELSON@LLGM.COM>@ENRON [mailto:IMCEANOTES-+22Robert+20Nelson+22+20+3CJRNELSON+40LLGM+2ECOM+3E+40ENRON@ENRON.com]
Sent:	Monday, September 17, 2001 7:13 PM
To:	Sanders, Richard B.
Cc:	Ceklund@llgm.com
Subject:	PX Committee call

In today's call we addressed the usual issues.  This Friday the complex litigation panel will decide whether to consolidate the commandeering suits.  In case you hadn't noticed, the state filed a declaratory relief action in Sacramento naming each of the individual participants but not the PX.  The state's alleged fear is that it might be exposed to double recovery to the PX and the individual participants, so it asks for a declaration of its exposure to the participants.  The new complaint has not yet been served.  Our counsel who are trying to keep matters simple are considering strategies that will avoid the need for each participant to respond, and we should have some recommendation next week.  Next, Howard Weg will circulate a draft motion to FERC submitting his proposed settlement.  We should have the draft within the next week.  Next, a subcommittee met with PG&E reps last week to get a preview of a possible reorganization plan.  Weg may call Michael Tribolet to get his take on plan structure.  Next, the state Senate evidently balked at the Edison bailout.  Reliant and Marant have not filed a petition and are considering their options in view of the possibility that the governor will call the legislature back into special session in early October.  In the meantime, Edison is producing documents in response to the 2004 notice.  Weg raised a question about whether Enron will be filing an administrative claim in the PG&E case pursuant to court order in that case.  I wasn't aware of the issue.  Are you?  There were productive plan discussions with PX representatives as to structure and tasks of the PX going forward, and we are expecting a proposal momentarily.  Discussions with the Trade Creditors Committee still haven't reached closure.  PX reps evidently will be approaching PG&E and Edison to share the cost of future operations.  Our next committee call is Sept. 26 at 2.  We still need to talk about the funding issue when you have a moment.  Bob

"This e-mail, including attachments, contains information that is confidential and it may be protected by the attorney/client or other privileges.  This e-mail, including attachments, constitutes non-public information intended to be conveyed only to the designated recipient(s).  If you are not an intended recipient, please delete this e-mail, including attachments, and notify me by return mail, e-mail or at (insert your telephone number).  The unauthorized use, dissemination, distribution or reproduction of this e-mail, including attachments, is prohibited and may be unlawful.
J. Robert Nelson
725 Soth Figueroa St, Los Angeles, Ca. 90017-5436

==============================================================================
This e-mail, including attachments, contains information that is confidential and may be protected by the attorney/client or other privileges.  This e-mail, including attachments, constitutes non-public information intended to be conveyed only to the designated recipient(s).  If you are not an intended recipient, please delete this e-mail, including attachments, and notify me.  The unauthorized use, dissemination, distribution or reproduction of this e-mail, including attachments, is prohibited and may be unlawful.

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


McGee and Soldano have confirmed a meeting with  Zaman in Albuquerque on
Monday evening April 17th.

Transwestern has engaged the firm of Holland & Hart to provide an opinion
with regard to administrative action with DOI and any eminent domain
proceedings under the Natural Gas Act Transwestern may be required to
undertake.   An individual by the name of Tom Sansonetti will be leading the
review.  He joined Holland & Hart's Cheyenne office in 1993, after serving as
Solicitor of the Department of the Interior from 1990-1993.


---------------------- Forwarded by Maureen McVicker/NA/Enron on 08/21/2000
11:41 AM ---------------------------

"Elizabeth A. VanDersarl" <liz@luntz.com> on 08/21/2000 09:11:34 AM
To: "'skean@enron.com'" <skean@enron.com>
cc:

Subject: RE: Luntz Focus Groups (1 of 4)

Hi Steven,

 Attached is the first of four documents that we have prepared for
the focus groups.  All of the exercises are works in progress and I am
sending them to you for comments. (Hopefully, we are on the right track.)
As we discussed, I am happy to fly down to Houston tomorrow so that we can
review these materials together.  If, however, you feel that we can edit the
exercises via email that's fine too. Just let me know which arrangement
makes you the most sense to you. Hope all is well.

Regards,

Liz

 <<anti regulation speech.doc>> An anti-dereg speech is in the works.

 - anti regulation speech.doc


YES WE ARE!!

From: Joan Quick on 10/30/2000 11:07 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject:

are we still on for dinner?


hi gn. so funny...terry and david are in my group. i don't know david as
well really, but terry is a good friend and is a total riot! i don't know
how well you got to know him, but he really is just great. anyway, i have
really been working with enron south america on the cuiaba project
exclusively for the past year and a half. the enron attorneys are randy
young and john novak. prior to that i did a few structured deals --
christina mordaunt was the atty.

yes, annie wu (we just call her "the wu") is a stitch! remind me to tell you
the story about when she came to visit me in london...and a few other
stories. she is a trip! truly a sweet person and a good friend too. i heard
you know my friend walter daniel, too. he was in my law school class and is
also a good friend.

whenever/wherever on the 14th is fine. do you like sushi? we could go to
miyako...or zydeco or becks? those are the places where i usually meet enron
folks since they are in between... let me know! mb

-----Original Message-----
From: Gerald.Nemec@enron.com [mailto:Gerald.Nemec@enron.com]
Sent: Wednesday, November 08, 2000 10:29 AM
To: mbeckworth@velaw.com
Subject: Hello!

Hi Melissa,

Thanks for the call.  I thought it might be easier to communicate via email
since we are both kind of difficult to reach via phone.  Sounds like they
keep you busy at V&E.

Yes, I do work for Enron.  I am an attorney for Enron North America in gas
and power origination.   I actually worked with some attorney's from V&E on
a couple of asset financing deals we did about a year ago.  Terry Yates and
David Keyes.  Joel Ephross also worked on those deals, but he is now at
Enron in our Global Finance Legal Group.

Sounds like you have worked alot on Enron deals.  I know we keep you guys
pretty loaded with work.  Who are your Enron contacts?  Enron is a big
place, but I might know them.

Lunch sounds great.  The 14th works for me.  Any preferences as to
location?

In case you were wondering about how Ann Wukasch and I know each other; Ann
and I met at my sister's wedding in Colorado.  My sister and Ann are good
friends and work at the same school in Dallas.   Ann is a trip!

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


Attached for your information?is the final template for the phase II
comparison exhibit.? It requires parties to state succinctly their  positions
with regard to a number of questions dealing with stranded costs,
implementation costs, standby charges, interconnection costs, fixer or
usage-based charges, distribution-only wheeling rates, exit fees and bypass
charges, pricing flexibility, PBR, public purpose program funding,
localized/deaveraged rates and credits and the proposed independent clean
energy  tariff.
?
ALJ Cooke?has directed that?the inputs for the comparison exhibit  are now
due to SCE electronically on or before December 11, 2000.? SCE will
then?complete and submit the comparison exhibit on or before December 18,
2000.
?
Dan
 - DGtemplate_.doc


-----Original Message-----
From: 	Nemec, Gerald
Sent:	Monday, September 17, 2001 11:34 AM
To:	'relbelflower@aep.com'
Subject:	Professional Services Agreement

Rusty, Per Nick's request, attached is the form of professional services agreement we have used for Enron North America.


Hi, Sharon!

Have you received my package with the original BP Amoco master netting agreements and, if so, have they been signed?

Thanks!

Marie


Ken,

I hope things are well with you.

I've taken on in the last year of my 6 year term the regents' chairmanship
and so I am busy working on how to help further accelerate the good things
that have occurred since we brought Art and his team to Houston.  In this
light, I read the recent article in the Wall Street Journal suggesting that
the Kuht-TV spectrum allotment includes substantial unused bandwidth which
we are legally permitted to lease to the private sector.  The Journal, based
on the recent UK auction, extrapolated the overall worth of the bandwidth at
$160 billion.  Needless to say, if we could realize a small fraction of
that, for something from which we currently derive nothing, it could be a
huge boost to our efforts to obtain the additional funding we need as we
move to Tier One status.

Since Enron is the leader in the market for bandwidth, I was hoping you or
someone at Enron could give us some advice on what we own, its value, if
any, and how we might think about realizing on any such value.  From Enron's
perspective, perhaps there is a niche market for Enron to make by helping
organize educational institutions that own such bandwidth to exploit the
value of that asset.

Any thoughts or suggestions would be greatly appreciated.

Best regards.

Gary


Due to schedule conflicts, the Offline update meeting normally held on
Wednesday's at 9:00 a.m. is rescheduled for 9:00 a.m. on Friday, February 23
in EB2759.

We will resume the normal schedule of Wednesday's at 9:00 a.m. next
Wednesday, February 28.

Thanks,
Tina


Dear all,

If you recall, several months ago we held a meeting to discuss the bonus
planning needs for Commercial and Commercial Support Analysts now that they
have been combined into one program under the A/A Program umbrella.

I was asked to put together some information on how bonuses in 1999 compared
between Merchant Service Analysts, Commercial Analysts and Commercial Support
Sr. Specialists (and possibly even Managers) so that we could determine if
there would be a 2000 bonus compression problem in Analysts being placed in
Commercial Support positions and then having lower bonuses.  Attached below
you will find the results of that research.

In short the conclusions are these:
The 2000 system allows a difference between Commercial and Commercial Support
Analyst bonus matrices preventing the compression problem.
In 1999, Commercial Analyst and Commercial Support Sr. Specialist bonus
matrices were comparable - and this can still occur in 2000.
Bonus structures can easily be planned for 2000 so that no compression
problem occurs.

The data above is being sent to help you understand the concepts we discussed
and put closure to the meeting.  The 2000 bonus planning system allows for a
variation within Analyst categories (commercial and commercial support) and
will meet the business needs.  Please let me know if you want to discuss
further or would like to see the raw data used in the research.

Regards,
Kim


*  from CNN.com today

Many in CA fear high bills more than blackouts
SAN DIEGO, California (AP) -- Ray Marquez wonders whether he'll have to cut
back on food or gas in order to pay his electricity bill.

The 34-year-old Orange County maintenance man usually pays $80 a month for
power during summer months. Now, he's trying to figure out how to pay an
electricity bill that could push $130 come June 1.

"Since I got married and had children, you know, I've been dealing with
balancing bills," he said Wednesday. "But if I now have to pay more for
electricity, I'm not going to have money for gas or food for the kids."

As Californians coped with rolling blackouts that darkened thousands of
businesses and homes Monday and Tuesday, many struggled with an even bigger
worry: how to pay for soaring energy costs.

In March, the state Public Utilities Commission approved the biggest rate
increase in California history, up to 46 percent for customers of Southern
California Edison and Pacific Gas & Electric. Those rate hikes start hitting
customers in next month's bill.

Gailen Kyle, who raises alfalfa on 1,600 acres in the Mojave Desert, says a
40 percent increase would put his farm out of business.

"It would end us," the third-generation farmer said. "Everybody here that
farms alfalfa would be out of business."

Kyle, 46, said he has to pump water nearly around the clock from wells
drilled 310 feet below his farm near Lancaster. A small increase in the price
of energy a few months ago added $80,000 to the $400,000 annual bill he was
already paying.

To save money, Kyle agreed to become an "interruptible" customer, meaning he
voluntarily allows his power to be shut off during statewide electricity
shortages in exchange for reduced rates. So far this year, his power has been
cut 26 times.

Even before the state utilities commission raised rates, residents were
paying 26 percent more for electricity than the nationwide average, according
to federal statistics. Only customers in New England, New York, Alaska and
Hawaii pay more.

One of the problems is that the wholesale cost of electricity has risen
sharply over the past year but under California's 1996 deregulation law the
state's largest utilities, PG&E and SoCal Edison, have been prevented from
passing their costs to customers. In April, PG&E declared bankruptcy.

The West isn't just facing spiraling costs and a shortage of supplies,
however. Its transmission system is fragmented and overworked and would take
years to improve, power officials told the region's governors Wednesday.

"There is no immediate solution," said Idaho Gov. Dirk Kempthorne, one of
four governors participating in a six-hour, round-table meeting with industry
representatives.

The Western Governors Association was told there is no established method for
paying for transmission upgrades, and market and regulatory barriers stand in
the way. It's not even clear where new power lines are most needed.

The group, which included the governors of Utah, Idaho, Montana and Wyoming,
has given energy experts until July 15 to recommend ways to eliminate
bottlenecks.

Meanwhile Californians, who've already weathered six days of rolling
blackouts this year, fear they'll soon be paying more for less service.

The Independent System Operator, which runs the state's power grid, has
forecast more than 30 days of blackouts this summer due to severe shortages
of electric supply.

Dee Ann Hendirx, 53, of San Francisco, has stocked up on candles and
battery-operated clocks.

"I hate to say this but it's getting to be a way of life in California," she
said.

Copyright 2001 The Associated Press. All rights reserved. This material may
not be published, broadcast, rewritten, or redistributed.


This request has been pending your approval for  108 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000041547&Page=Approval to review and act upon this request.

Request ID          : 000000000041547
Request Create Date : 6/19/01 7:50:30 AM
Requested For       : jaime.gualy@enron.com
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Resource Type       : Directory


---------------------- Forwarded by J Mark Metts/NA/Enron on 10/25/2000 07:45
PM ---------------------------
From: Tim DeSpain@ECT on 10/25/2000 04:57 PM
To: J Mark Metts/NA/Enron@Enron, Lance Schuler-Legal/HOU/ECT@ECT
cc:
Subject: Rating Agency Talking Points

Please see attached revision pursuant to our meeting earlier today.  Let me
know if you have any questions or comments.

Tim


Thanks for taking the time to give me your input on the analyst program.  It
will help to have that info in my meeting on Friday.


Credit called and asked if we could get them a rush approval on the
referenced counterparty.  Let me know if you have anyproblems.  Thanks!


i would really like to go now

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Friday, February 01, 2002 11:55 AM
To:	Maggi, Mike
Subject:	RE:

Sounds like a good plan to me!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, February 01, 2002 11:53 AM
To:	Rybarski, Amanda
Subject:	RE:

when we get upstairs

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Friday, February 01, 2002 11:53 AM
To:	Maggi, Mike
Subject:	RE:

when?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, February 01, 2002 11:51 AM
To:	Rybarski, Amanda
Subject:	RE:

ill let you know

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Friday, February 01, 2002 11:51 AM
To:	Maggi, Mike
Subject:	RE:

What are we going to do next week?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, February 01, 2002 11:51 AM
To:	Rybarski, Amanda
Subject:	RE:

yeah i think so, we will make it next week, if you are going to leave any earlier let me know

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Friday, February 01, 2002 11:50 AM
To:	Maggi, Mike
Subject:	RE:

I probably won't be able to leave until 4. I'm sure you'll be gone by then.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, February 01, 2002 11:49 AM
To:	Rybarski, Amanda
Subject:	RE:

im not sure yet, let me know what you are doing

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Friday, February 01, 2002 11:48 AM
To:	Maggi, Mike
Subject:	RE:

When are you leaving today?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, February 01, 2002 11:48 AM
To:	Rybarski, Amanda
Subject:	RE:

i hope you can figure it out, let me know if you need help

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Friday, February 01, 2002 11:47 AM
To:	Maggi, Mike
Subject:	RE:

I wish! I've been sitting here trying to figure out how I can see you today.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, February 01, 2002 11:45 AM
To:	Rybarski, Amanda
Subject:	RE:

is it next week yet

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Friday, February 01, 2002 11:44 AM
To:	Maggi, Mike
Subject:	RE:

Well then I guess I'm going to have to wear them more often.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, February 01, 2002 11:42 AM
To:	Rybarski, Amanda
Subject:

i like the glasses


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/19/2001
04:56 PM ---------------------------

"Btu" <subs@Btu.net> on 01/19/2001 04:32:57 PM
To: "Btu's Weekly Power Report" <>
cc:
Subject: Btu's Weekly Power Report

Attached is the latest issue of Btu's Weekly Power Report

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

 - wp012201.pdf


thanks.  sorry i missed you earlier...

Alexandra Saler@EES
10/27/2000 03:20 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject:

I am leaving...have a great rest of the day, weekend, and trip.  I'll talk to
you when you get back.  if you have an emergancy or the urge to tell me a
funny story, I will have my cell phone on...256-5582.


As a starting point for briefing Mark, I thought I would open the dialogue by
listing the proposed remedies and my thoughts on whether each would impact
Enron's existing contracts.  Keep in mind that FERC's remedies for the
California market are only proposals that may or may not be adopted.

Below I have listed all of the proposed remedies, with comments next to or
below each proposed remedy.

1.  Eliminating requirement that the California IOUs buy/sell into the Cal
PX: The IOUs will no longer be required to sell all generation into and buy
all of their requirements from the PX.  This will allow the IOUs to act as
their own scheduling coordinator instead of using the PX as a scheduling
coordinator.  It is expected that the IOUs will enter into more bilateral
contracts.

 I can't think of how this would affect contacts, but I would suggest that if
the IOUs pull out of the PX in a big way, the PX market will be more thinly
traded/less liquid, leading to more volatile prices at the PX.

2.  Penalty Charge for Load Deviations Greater Than 5% of Actual Load:  If
actual load deviates from its schedule by more than 5%, the ISO will impose a
penalty charge of two times the ISO's real time energy cost for balancing
energy (twice the inc price).

 We should review our contracts to determine if they allocate this penalty to
the appropriate party.

3.  Removal of the Existing ISO and PX Governing Boards:  Probably a good
idea, but I can't see how this will affect our contracts.

4.  Interconnection Procedures:  FERC has directed the ISO to develop
standard tariff provisions to facilitate the interconnection of new and
existing generators seeking to increase the rated capacity of their facility
in California.

 Will this affect any contracts that the Origination group is working on?
Because this proposed ISO's new tariff language has yet to be written, I
would suggest that its effect on contracts at this time is remote.

5.  Long Term Suggestions:  The FERC also made the following suggestions:
(1) The ISO and the load serving entities in California should develop market
rules to ensure sufficient supply; (2) consider alternatives to the
single-price auction; (3) eliminate the balanced schedule requirement by
intergrating PX and ISO day-ahead demand and supply bids into one venue; (4)
develop less-intrusive market mitigation remedies, i.e., no price caps; (5)
redesign the congestion management system; (6) develop demand response
programs that would allow loads to bid into the market offers to reduce
demand; and, (6) conform the ISO to the requirements of RTOs under Order 888
and Order 2000.

 Since these are suggestions, and may never materialize, I do not think we
need to modify our contracts at this time in response to these proposed
changes.

6.  Refunds:  FERC has said that it will not order refunds for unjust and
unreasonable rates for the period before October 2, 2000.  Going forward,
FERC may order refunds for unjust and unreasonable rates for the period Oct
2, 2000 through October 2, 2002.

 Should we put a provision in our confirms or contracts that would make
counterparties waive their rights to assert that such prices were unjust and
unreasonable for that transaction?

7.  Price Caps:  FERC has proposed a $150 'soft' price cap.  The market
clearing price would be capped at $150, but parties can submit higher bids.
If a higher bid is submitted, that party would be required to submit
transaction information to the ISO or PX detailing the generation cost and
any legitimate opportunity cost.

 I would echo the point below about any reviewing any contracts tied to index
prices.

 How will we provide the "incremental generation cost," since we are only the
marketer?  We may have to contractually require parties to provide us the
information.  This would also raise confidentiality issues.

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

Christian Yoder

11/06/2000 08:02 AM
To: Steve C Hall/PDX/ECT@ECT
cc:

Subject: USA: FACTBOX-FERC details changes for Calif power market.

---------------------- Forwarded by Christian Yoder/HOU/ECT on 11/06/2000
07:51 AM ---------------------------
From: Mark E Haedicke on 11/03/2000 04:35 PM CST
To: Elizabeth Sager/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT
cc:
Subject: USA: FACTBOX-FERC details changes for Calif power market.

Elizabeth and Christian:

Please brief me on what impact you believe the FERC proposed order could have
on our contracts.

Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 11/03/2000 04:33 PM -----

	Steven J Kean@ENRON
	11/01/2000 03:43 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: USA: FACTBOX-FERC details changes for Calif power market.

Joe Hartsoe, Rick Shapiro, or Jim Steffes can fill you in on the details of
what FERC did today.  One question you need to think about is how their
decision on price caps affects any contracts which we may have indexed to
California's spot market.  The way it reports the market clearing price will
change fundamentally if prices over 150 will be accepted but not used to
clear the market for all bids.  So, if we are using this as a reference price
in our contracts it may trigger the need to look for alternatives.
----- Forwarded by Steven J Kean/NA/Enron on 11/01/2000 03:39 PM -----

	Ann M Schmidt
	11/01/2000 10:37 AM

		 To: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Meredith
Philipp/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Elizabeth
Linnell/NA/Enron@Enron, Eric Thode/Corp/Enron@ENRON, Laura
Schwartz/Corp/Enron@Enron, Jeannie Mandelker/HOU/ECT@ECT, Mary
Clark/Corp/Enron@ENRON, Damon Harvey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Keith Miceli/Corp/Enron@Enron, James D Steffes/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron
		 cc:
		 Subject: USA: FACTBOX-FERC details changes for Calif power market.

USA: FACTBOX-FERC details changes for Calif power market.

11/01/2000
Reuters English News Service
(C) Reuters Limited 2000.

WASHINGTON, Nov 1 (Reuters) - The U.S. Federal Energy Regulatory Commission
on Wednesday approved several actions to revamp California's power market
over the next two years.
Immediate changes include the following:
* Eliminate requirement that three utilities - Pacific Gas & Electric, San
Diego Power and SoCal Edison - must sell all of their power to and buy all
their power from the state Power Exchange (PX).
* Require market participants to schedule 95 percent of their transactions in
the day-ahead markets to reduce chronic underscheduling of load and
generation and over-reliance on the ISO's real-time imbalance market to meet
supply. FERC also proposed a penalty charge for scheduling deviations in
excess of 5 percent of hourly load requirements.
* Temporary modification of the single-price auction so bids above $150 MWh
cannot set the market clearing price paid to all bidders.
* Establish independent, non-stakeholder governing boards for the California
Power Exchange (PX) and Independent System Operator (ISO).
* Create congestion management design proposal.
* Establish generation inter-connection procedures.
* Explore alternatives to the single price auction by the ISO and PX.
* Develop market rules to ensure sufficient supply is available to meet load
and reserve requirements.
FERC also approved changes to protect wholesale customers from unreasonable
rates during the time it will take to adopt longer-term market remedies. The
following price mitigation measures will remain in effect until Dec. 31,
2002:
* Single-price auctions for all sales in the ISO and PX markets at or below
$150 MWh. The single price would be used for all load which clears below this
amount in the auction.
* If an auction does not clear below the $150 MWh level, suppliers who choose
to bid above $150 would be paid their price bid. In other words, the highest
bid of the day, if above $150 per MWh, would no longer be the clearing price
paid by all.
* Sellers receiving above $150 per MWh would be required to report their bids
to FERC on a weekly basis and provide certain cost information to the agency.
* The ISO and PX would be required to report monthly information on such
bids, allowing FERC to monitor competitive conditions and assure just and
reasonable rates. Sellers would be subject to potential refund liability but
no lower than their marginal or opportunity cost if FERC finds
non-competitive conditions. The potential refund liability would extend the
full 24 months it would take to implement the market reforms.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.


The attached schedule covers both Sunday and Monday, April 21-22.  Associated text files have been posted to Sparky.

Michael R. Frazier
Manager, Load Forecasting
Enron Energy Services
Office: 713-345-3200
Pager: 877-926-0615
P-mail: 8779260615@skytel.com


Notice No. 01-104
March 23, 2001

TO:
ALL NYMEX DIVISION MEMBERS AND MEMBER FIRMS
ALL NYMEX DIVISION CLEARING FIRMS
ALL NYMEX DIVISION OPERATIONS MANAGERS

FROM:
Neal Wolkoff, Executive Vice President

SUBJECT:
MARGIN RATE CHANGE FOR MIDDLE EAST SOUR CRUDE OIL FUTURES CONTRACTS

Effective Date:  Friday, March 23, 2001 (close of business)
Futures Contract: Middle East Sour Crude Oil Futures
Contract Months: All Months
Rate Change:

NYMEX Division Margins for Middle East Sour Crude Oil Futures Contracts

Clearing Member (Maintenance Margin): Old:  $2,500 New:  $1,500
Member Customer (Initial Margin): Old:  $2,750 New:  $1,650
Non-Member Customer (Initial Margin): Old:  $3,375 New:  $2,025

Should you have any questions regarding these changes, please contact Arthur
McCoy at (212) 299-2928 or Joe Sanguedolce at (212) 299-2855.  This notice
supersedes all previous notices regarding outright margins for the NYMEX
Middle East Sour Crude Oil Futures Contracts.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(01-104)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Gentlemen,
Can you guys possibly meet next Monday at around 2:00?

Ryan Hinze
Enron Compression Services
(713)-345-8358


Too late with your spreadsheet.  The instructions that we got from Donna were
that I should review the resumes, pass them to Brent for his review, and then
on to Causey for his review.  Considering our schedules and the large number
of resumes to review, that would have been an impossible task to complete by
Thursday at noon.  I received the resumes after lunch on Tuesday, just before
leaving for the airport to catch the plane for Oklahoma.  I asked Patti to
make a copy of the packet for Brent, and I knew that Rick would not want to
take the time to review the resumes without some organization and screening
first.  I reviewed as many of the resumes as I could on the plane on the way
back to Houston today (all of the liberal arts resumes and about one third of
the business resumes) and Brent reviewed them last night after his training
class.  We got those to Rick today by noon, as he was leaving the office.  I
believe that Rick will review what Brent and I put together and then will
pass the resumes along to you.  Since you only e:mailed your spreadsheet this
morning after Brent and I had done our reviews, you will have to
cross-reference the info on the spreadsheet with the selected resumes.

Brent and I would have appreciated some organization and screening of the
resumes as well.  I would suggest that in the future that your team should
make copies of the resumes for everyone that you would like to have doing the
review.  The plan of passing them from one person to another is not
practical,  and I should not have had to make the copies for Brent.  If you
are going to ask VP's and MD's to help in this process in a very short time
frame, then I would suggest that you use their time wisely.  If someone from
you team had organized the resumes into three groups by GPA's or majors, that
would have given us a good starting point, instead of a jumble of resumes.
Two page resumes were not stapled together and there were a number of resumes
of MBA's included, which should be considered for Associates interviews, not
Analysts interviews.  Please give us organized information to react to, not
simply a jumble of data that we have to weed through.  All of us want to
participate and to be as involved as possible in the recruiting process, but
we need to be able to rely on the Program for some basic administrative and
organizational work.

I send these suggestions with the intent of constantly bettering the program
and with the intent of helping you to succeed in your role, not being
critical.  I hope that you will take these suggestions in that light.

Brent and I (and I am sure Hunter, too) would have appreciated