Attached is the Latest report on the Enron/Dyengy deal from CS First Boston Research. Please feel free to contact us if there is anything we can help you with.

This research has been provided to First Union Securities through an arranged relationship with Credit Suisse First Boston (CSFB). Any questions should be directed through your First Union Securities Financial Consultant. Any contact of a CS First Boston analyst or any other CS Fist Boston representative is strictly prohibited.

THIS FIRST CALL NOTE MUST BE SHOWN IN ITS ENTIRETY, INCLUDING ALL DISCLAIMERS.

CREDIT SUISSE FIRST BOSTON CORPORATION
Equity Research
Americas
Gas Utilities
Curt Launer         212/538-4269     curt.launer@csfb.com
Philip Salles       212/538-4221     philip.salles@csfb.com
Andy DeVries        212/325-2518     andy.devries@csfb.com

STRONG BUY
Target Price: 54.00 (US$)
Dynegy Inc. (DYN)
ENE Deal Shows Risk Coverage & Est & Valuation Upside

Summary

After the close on Friday, DYN confirmed that it would acquire Enron (ENE, 8.63,
Strong Buy) for 0.2685 DYN shares plus assumption of debt and an equity infusion
of $2.5 billion. This values ENE at $10.40 per share based on DYN's Friday
close.

Our initial analyses show the merger to be additive to pro-forma '02 eps for DYN
by 25% to $3.25-$3.30 vs our current estimate of $2.55. We estimate the deal
multiples as about 7x '02 eps, 3.2x '02 cash flow, 0.85x book value and 5x
EV/EBITDA based on our revised '02 estimates for ENE.

We would note that DYN has projected a pro-forma '02 of $3.40-$3.50 per share
before cost savings and synergies.

We expect the deal to close in 9-12 months pending reviews by the SEC, FTC, FERC
and state PSCs. Despite the size of the combined company, we do not expect major
divestitures or closing issues because of the lack of asset concentration and
the inherent competitiveness of the natural gas and power marketing business.

In a report dated Nov 5, we valued ENE at $31 per share. In our view, the deal
valuation includes a differential of $20 per share or $17 billion to account for
ENEs related party and accounting issues. Because these issues threatened ENEs
core businesses, the timing and valuation of the deal for DYN is extraordinarily
attractive. We consider alternate bids for ENE to be possible under these
circumstances.

We expect DYN and other energy merchants to benefit from the removal of risk
that ENE would be downgraded below investment grade or file for bankruptcy
protection.

Pending additional information from conference calls, analyst meetings and other
deal related filings; we are maintaining our reported eps ests for DYN of $2.10
for '01 and $2.55 for '02. Our ENE ests are $1.80 for '01 and $1.60 for '02.
These estimates assume the deal closes in 4Q'02.

Price        Target                     Mkt. Value 52-Week
9 Nov 01     (12 Months)      Div       Yield(%)   ($m) Price Range
38.76($)     54.00($) 0.30    0.7%      14,488.51  57.95 - 31.27
             Annual   Prev.   Abs.      Rel.       EBIDAX   EV/
             EPS($)   EPS     P/E(x)    P/E(%)     ($m) EBIDAX(x)
12/02E       2.55             16.7
12/01E       2.10             20.3
12/00A       1.43             29.9
             Q1       Q2      Q3        Q4
2002E
2001E        0.41     0.40    0.85      0.40
2000A        0.26     0.29    0.55      0.32
ROGIC(12/00A %)               16.1%
Net debt(12/00A $m)           3264
Net debt/Total cap.(12/00A %) 45.4%
Book value/share(12/00A)     11.60
Number of Shares(m)         339.23

1On 11/09/01 the S&P 500 index closed at 1120.31.
2Economic profit trend.

Dynegy is a wholesale and retail energy provider with operations in natural gas,
natural gas liquids, coal, and electricity throughout the U.S. and Europe.

Viewpoint Continued

We maintain our Strong Buy rating for DYN with a target price of $54. We
anticipate growth rate and valuation benefits for DYN that will result in
increasing our estimates and target price as the deal moves closer to closing.

DYN will hold a conference call on Monday, November 12 at 9am EST. The call in
number is 888-603-9706.

N.B.: CREDIT SUISSE FIRST BOSTON CORPORATION may have, within the last three
years, served as a manager or co-manager of a public offering of securities for
or makes a primary market in issues of any or all of the companies mentioned.

CREDIT SUISSE FIRST BOSTON CORPORATION CREDIT SUISSE FIRST BOSTON CORPORATION

Curt Launer         212/538-4269     curt.launer@csfb.com

CREDIT SUISSE FIRST BOSTON CORPORATION  CREDIT SUISSE FIRST BOSTON CORPORATION

Copyright (c) CREDIT SUISSE FIRST BOSTON, and its subsidiaries and affiliates,
2001. All rights reserved.

CSFB may, to the extent permitted by law, participate or invest in financing
transactions with the issuer(s) of the securities referred to in this report,
perform services for or solicit business from such issuers, and/or have a
position or effect transactions in the securities or options thereon.  In
addition, it may make markets in the securities mentioned in the material
presented in this report.  PLEASE REFER TO TICKER CSFBDISC FOR IMPORTANT LEGAL
DISCLOSURES.

= = DYNEGY INC. = = DYN: STRONG BUY
First Call Corporation, a Thomson Financial company.
All rights reserved.  888.558.2500

Stephen M. Benotti
Financial Consultant
Emery Financial Group
713-853-2388 (Direct)
866-753-9556
713-853-2366 (Fax)
sbenott@firstunion1.com


Minana for Trent ATP is loaded.

There was no data for Turbine #98.  The Minana file in Folder 98 is for
Turbine 97.

Only 106 records were recovered for Turbine #31

Only 616 records were recovered for Turbine #85

Turbine #2, 42, 74 had to also be rebuilt.

---------------------- Forwarded by Patricia Hunter/EWC/Enron on 04/16/2002
04:13 PM ---------------------------

Mark Fisher
04/16/2002 10:08 AM
To: Ronald Brzezinski/EWC/Enron@ENRON
cc: Kevin Cousineau/EWC/Enron@ENRON, Alaadin Suliman/EWC/Enron@Enron, Hollis
Kimbrough/EWC/Enron@ENRON, Patricia Hunter/EWC/Enron@ENRON

Subject: Re: Trent Mesa ATP

Ron,

The data for the Trent ATP is being uploaded and I have taken a quick look.
For the data already uploaded 24,25, and 27 don't look good for the 24 hour
period. I will look for a previous 24 hour period for just those turbines
(though that does not seem to be valid in the context of the test). For
turbines 31 and 90 I will do the same otherwise the loss of 2 hours of data
will drop the recovery  to 92%.

Here are some graphs to look at. Our data loading priority is changing and
that could affect how fast the remaining data will be uploaded.

Mark Fisher

Ronald Brzezinski on 04/15/2002 03:51:45 PM
To: Mark Fisher/EWC/Enron@Enron
cc:

Subject: Trent Mesa ATP

---------------------- Forwarded by Ronald Brzezinski/EWC/Enron on 04/15/2002
04:04 PM ---------------------------

	Enron Realty Advisors

	From:  Alaadin Suliman                           04/15/2002 11:33 AM

To: Mark Fischer/ENRON@enronXgate
cc: Kevin Cousineau/EWC/Enron@ENRON, Ronald Brzezinski/EWC/Enron@ENRON,
Stanley Tehee/EWC/Enron@Enron

Subject: Trent Mesa ATP

Hi Mark,
I did the ATP for SCADA system in Trent on April 13th at 11:40am (CT) 4:40pm
(UTC), it lasted for 24hours. I collected the database files from all the
turbines.
The following is the observations for the data collected:
Turbines no. 47 & 48 were under major repairs and were not included on the
ATP, so total number if turbines is 98..
During the night of the test turbines no. 24,25, & 27 stopped collecting
data, and I reset Visupro application in the morning, so there is a 10 hours
worth of data lost, I suggest we shift the starting time of the test for only
these turbines so we can get 24hours of data.
Turbine no. 31 has some repairs done to it during the night of the test and I
didn't have notice of these repairs, I managed to capture the data for the
24hours test in four seperate files, two files minana.db and minana_2.db for
the 10 minute average and statdat.db and stadat_2.db for the status. I
believe there is 2 hours worth of data still missing.
Turbine no. 90, kept rebooting in the morning and I had to go to the turbine
and restart the PC, it worked fine for the rest of the day but there is 2
hours worth of data missing.
Other than that the data looks fine for all the rest of the turbine.
I am transfering the files right now to your folder on the transfer server,
the folder name is SCADA ATP Trent, and also I will UPS to you by overnight
delivery the data on a CD.
If you have any questions please feel free to call me at 661-332-6348, I will
be in Indian Mesa site until Saturday.
Regards,
Alaadin


i got 6 and bass has 2.  tell him to just go b/c at worst we can get the
tickets at the dome.  enron might have some floating around.


Again
----- Forwarded by Dan J Hyvl/HOU/ECT on 06/06/2001 02:32 PM -----

	ibuyit/ENRON@enronXgate
	06/05/2001 02:55 PM

		 To:
		 cc: (bcc: Dan J Hyvl/HOU/ECT)
		 Subject: Action Required:  Important iBuyit Payables Information

According to our records, there is an invoice in your iBuyit Payables in-box
that requires your action.

To launch iBuyit Payables, click on the link below:
http://iBuyitPayables.enron.com
Note:  Your iBuyit Payables User ID and Password are your PID and Password
(eHRonline/SAP ID and Password).

If you have already logged into iBuyit Payables and resolved the invoice,
then no action is required.

Following is important information that will help you resolve this invoice:
*  Who To Call For Help
*  iBuyit Payables Overview
*  iBuyit Payables Training Materials
*  iBuyit Payables Check List
*  iBuyit Payables Frequently Asked Questions

Who To Call For Help
*  For help using the iBuyit Payables system, contact the Integrated
Solutions Center (ISC) at (713) 345-4727.
*  For invoice payment status, contact the Accounts Payable Call Center at
(713) 853-7127 or toll free  (866) AP ENRON, or send an e-mail to
iBuyit.payables@enron.com <mailto:iBuyit.payables@enron.com>.

iBuyit Payables Overview
When?  iBuyit Payables, a web-based system that will enable you to code and
approve invoices on-line, was activated on May 1st.

Who?  Invoices that were previously submitted to Houston Accounts Payable for
processing and payment, will now be processed through iBuyit Payables
beginning May 1st.  Invoices that are entered into SAP locally (for example,
at a field location), will not be impacted by iBuyit Payables on May 1st.

How?  This is how iBuyit Payables works (for non-purchase order related
invoices):
1)  An order is placed with a vendor.  The vendor is provided with the
company name and number, the contact name, and coder's EID number.
2)  The goods and services are received and the vendor sends the invoice
(with the company name and number, the contact name, and coder's EID number )
to the new PO box.
3)  Accounts Payable scans the invoice, enters invoice header information
into SAP, and electronically routes the invoice through iBuyit Payables for
coding.
4)  The coder receives an e-mail with a link to iBuyit Payables, logs into
the system with their PID and password (SAP/eHRonline password), and codes
the invoice.
5)  The coder should either forward the invoice for approval or approve the
invoice, according to the invoice review and approval guidelines of their
business unit.
6)  Upon approval, the invoice is finalized, posted in SAP, and paid.

iBuyit Payables Training Materials
Online training materials are available for Coders, Approvers, and Buyers.
To access system presentations and quick reference cards, visit the
Integrated Solutions Center Document Library:
<http://sap.enron.com/sap_doclib/user/file_list.asp?cabinet_id=265>.
Note:  You must use the Enron standard Microsoft Internet Explorer to view
these materials.

iBuyit Payables Check List
Following Are the Steps that You Should Take to Prepare for iBuyit Payables:
1)  Code and Approve Invoices in iBuyit Payables
*  Effective immediately, no longer manually code invoices with coding
sheets.
*  Effective immediately, remind vendors to submit invoices directly to the
new PO Box.  If you receive an invoice, forward it to Accounts Payable via an
AP drop box or mail to the new PO Box:  PO Box 4734, Houston, TX 77210-4734,
ATTN:  Enron Accounts Payable.  Be sure to include the company name and
number, contact name, and the coder,s EID on the invoice, but do not include
a coding sheet.
*  Beginning May 1st, when you receive an e-mail from
iBuyit.Payables@enron.com, click on the link provided, login to the system,
and code and approve invoices online in iBuyit Payables.
*  Beginning May 8th, any invoices with coding sheets received by Accounts
Payable will be entered into iBuyit Payables and electronically routed back
to the coder. The invoice will then need to be coded and approved (again) in
iBuyit Payables to generate a payment.
*  Continue to follow the invoice review and approval guidelines of your
business unit.  Use iBuyit Payables as a tool to electronically facilitate
the current manual process.
2)  Confirm Your PID
You will use your PID and password (eHRonline and/or SAP ID and password) to
login to iBuyit Payables.  To access your PID and/or reset your password call
the ISC Call Center at (713) 345-4727 or click on the link to the ISC web
site below:
<
http://spr2ess1.enron.com/scripts/wgate.dll?~service=XGWFC2&_FUNCTION=Z_WWW_RE
SET_PASSWORD>
3)  Confirm Your EID
EID (External Identification Number) allows Enron employees to share unique
identification numbers externally without creating a security risk.  Accounts
Payable will use EIDs to electronically route invoices through iBuyit
Payables for coding.  Your EID can be accessed via eHRonline:  log on to
eHRonline, choose &Personal Information,8 and select &Other.8  Your EID will
be listed.
4)  Remind Others Who Purchase of Important Vendor Information
If you code invoices, let others know what they need to communicate to
vendors to expedite invoice processing.  Instruct them to provide the vendor
with the company name and number, invoice contact name, coder EID, and the
new PO Box.  (Placing the coder,s EID on the invoice will enable Accounts
Payable to properly route the invoice for coding in the system.)

iBuyit Payables Frequently Asked Questions
To review frequently asked iBuyit questions and answers, visit the iBuyit
Portal:
<http://ibuyit.enron.com/gss/ibuyit/ibuyitfaqs.doc>

Questions?
For general information about iBuyit, send an e-mail to <
mailto:ibuyit@enron.com>.


Pleas approve Tricia's request to become an authorized EOL trader


Colleen,

It is AGA day could we change the time?


Ed

As well as Dave's suggestions, I would like to see value per transaction
which I'm told you keep track of.


Jane,

The following people will need dual access to the estate and UBS files.

Kam Keiser
Scott Palmer
Phillip Love
Darron Giron
Errol McLaughlin
Jeff Gossett
John Valdes

Please let me know if you have any questions.

Thanks

Kam
x3-5781


I do not see the link to "Statistical Database".  Do I need to request access?

	Enron North America Corp.

	From:  Tracey Irvin                           01/10/2000 08:03 PM

To: Eric Bass/HOU/ECT@ECT, Jill Louie/CAL/ECT@ECT
cc: Brenda F Herod/HOU/ECT@ECT, Faith Killen/HOU/ECT@ECT, Georgeanne
Hodges/HOU/ECT@ECT
Subject: Dec99 Enron North America Wholesale Volumes

The database for December & 4Q99's wholesale volumes is now ready for
viewing.  Just as a reminder, this is the shortcut on your desktop called
"Statistical Database".  If you experience any difficulties, please contact
me.

With increased investor focus on our Wholesale Operations, Investor Relations
has requested that they be provided with monthly volumetric analysis for
Wholesale Operations in addition to the quarterly analysis being currently
provided.  As part of the request, Business Analysis & Reporting has been
asked to provide comparisons with explanations to prior year,s monthly and
quarterly volumes.

In light of the increased investor awareness, please review the attached
analysis for December & 4Q1999 and provide explanations for all material
changes(+/- 10%).  The current objective of Investor Relations is to use this
analysis as a resource to answer potential investor or analyst questions, but
it may be used for ad hoc requests and presentations.   It is essential that
the volumes be verified by commercial personnel prior to distribution to
Investor Relations.

Please forward your verification and explanations via e-mail no later than
3:00 pm on Wednesday, January 12th.  Please feel free to call with any
questions.


, Palmer


Bob Williams is trying to schedule a conference call to discuss the FCE
Negative CTC today (April 24).  Please let me know if you are available at
1:00 p.m or 1:30 p.m. Houston time.  Thank you.


FYI - I believe this is important.  According to Morgan (CES's CNG scheduler)
CES currently has about 7,000 dth of idle capacity.  I've had 3 people call
me today looking for CNG capacity for Jan 2000.

---------------------- Forwarded by Chris Germany/HOU/ECT on 12/27/99 03:50
PM ---------------------------

pdrexel@columbiaenergygroup.com on 12/27/99 03:15:16 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: NIMO JAN 2000

Chris this is capacity we got from NIMO as part of a peaking deal with them,
they can call on gas delivered to their gate,they reimburse for all cost at a
north point gas daily price plus 100% transport.  We in essance can sell the
capacity off on a monthly basis (sell it delivered)  NIMO would not allow us
to
use this as part of our transport to our enduses though, we also have capacity
for that.

Chris_Germany@enron.com on 12/27/99 02:52:40 PM
Please respond to Chris_Germany@enron.com

To: John Hodge [NOTES.jwhodge]@LMSOV, Paul
Drexelius/CES/ColumbiaGas@COLUMBIAGAS
cc:

Subject: Re: NIMO JAN 2000

How much of the NIMO capacity (about 15,000 day of North to North) was
dedicated
to retail?

From what I'm seeing, the retail volumes are looking fairly small.

pdrexel@columbiaenergygroup.com on 12/27/99 02:39:46 PM

To:   Dan Junek/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT
cc:
Subject:  NIMO JAN 2000

Here are some more
---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on
12/27/2000 02:45 PM ---------------------------

Heidi Boyd
12/27/99 02:25 PM

To: Morgan Sharifi/CES/ColumbiaGas@ColumbiaGas
cc: Noel Bartlo/CES/ColumbiaGas@ColumbiaGas, Paul
Drexelius/CES/ColumbiaGas@ColumbiaGas
Subject: NIMO JAN 2000

FINAL

Hi Morgan,

Please schedule the following (in DTH's) off of CNG to Niagra Mohawk:

Pooled  East Meter 20550 821/day
  West Meter 20500    421/ day

Balanced East Meter 20550 381/day
(firm)  West Meter 20500 430/day

Thanks!


Kathy-

Thursdays at 6:30 will generally work for us; however, on Thursday the 15th
we unfortunately have a conflict.  Can you send me the list of girls who are
on the team?  I know Kali is curious whether she knows anyone or not.

Thanks,

Susan

KKW816@aol.com on 02/07/2001 10:36:09 AM
To: suepruden@camh.org, Rdpruden@aol.com, bitsyo@hotmail.com,
kmsanford@prodigy.net, kcoco@swbell.net, dgriffin240@earthlink.net,
C4009@aol.com, per-ssp@swbell.net, susan.w.pereira@enron.com,
kevoc@hal-pc.org, Stuart_Coco@aimfunds.com, klandrum21@hotmail.com
cc:
Subject: Fwd: Soccer Schedule

We finally have our practice time for Spring Soccer! It is Thursday form
6:30
until 7:40pm at Pershing on the large field. I understand that there will be
one other U-8 girls team there with us and that there will be a trainer. I
think the games may start on Sunday, Feb 18th but that is not confirmed yet.
But our first practices with be on Thursday, Feb15th! We can't wait to meet
all of the girls! Kathy Harrison and Roy Pruden
Return-Path: <PPappas@lockeliddell.com>
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Message-ID:
<87EDE992CFF6D31193430008C7CF35F8010EB652@houex02.lockeliddell.com>
From: "Pappas, Pamela" <PPappas@lockeliddell.com>
To: "Goodyear, Jim" <jgoodyear@novussystems.com>,        "Harrison, Kathy"
<kkw816@aol.com>,        "Murphy, Bernard - H" <irishelvis7@hotmail.com>,
   "Murphy, Bernard - W" <bmurphy@dot.state.tx.us>,        "Pruden, Roy"
<rdpruden@aol.com>, "Reed, Jon" <angiodad@swbell.net>
Cc: "'Mayer, Joe'" <jmayer0206@aol.com>
Subject: Soccer Schedule
Date: Wed, 7 Feb 2001 09:56:07 -0600
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Content-Type: multipart/alternative;
boundary="----_=_NextPart_001_01C0911E.7B6FBA20"

Good news!! Joe was able to adjust the Tuesday time. Please read his email
below.

Jim Goodyear's and Bernard Murphy's teams are assigned to the Tuesday
practice at Pershing Middle from 5:30 to 6:30.

Jon Reed's and Roy Pruden's teams are assigned to the Thursday practice at
Pershing Large from 6:30 to 7:40.

Also, I have assigned Brooks Leavell to Roy Pruden's team (please contact
her, her phone # is 713-521-2336, mother Harriet).

I have assigned Shana Davis to Jim Goodyear's team (please contact her,
mother Sheri, Home 713-529-7772, office 713-522-6441).

I will be forwarding a revised team list to Tom Troll shortly.? Thanks!
Pamela

-----Original Message-----
From: JMayer0206@aol.com [mailto:JMayer0206@aol.com]
Sent: Tuesday, February 06, 2001 3:09 PM
To: JMayer0206@aol.com; loder@neosoft.com; michaeltott@earthlink.net;
Nanem5@aol.com; PPappas@lockeliddell.com; michael@duncaninterests.com;
clahart@bcm.tmc.edu; akarian@finsvcs.com; Drpruner@aol.com;
fran@hypercon.com; angiodad@swbell.net; amhay@msn.com;
nebo@nebosoccer.com
Subject: (no subject)

Sorry for delay, it's been real busy.? On the practice schedules, the only
switch I have made is to put the 2? 7:40 sessions back to 5:30 to 6:30.?
Assuming they will have smaller attendance, I am asking Nebo to only schedule
1 trainer for each session.? We will plan on using half of the Pershing
middle field unless the Pershing Large field is empty.

See how this works, I am putting this into effect with Nebo's trainers unless
I hear any objections by tomorrow evening.? Let's plan on charging $40 per
player for the Spring, no matter how many sessions they attend.? And remind
them that they can attend any day or session if they miss theirs.? If any get
too crowded, we'll adjust the trainer situation.

M? -?? U-6?? 5 teams 30 kids Pershing Large 6:30-7:40?? 2 trainers
T?? -?? U-7B? 3 teams 18 kids possibly 1 U-8? 7-8 kids? Pershing L 6:30-7:40
2 trainers
T? -?? U-8G? 2 teams 20 girls? Pershing Middle 5:30-6:30? 1 Trainers
W -?? U-6? 2 teams 12 kids U-7 G 4 teams 24 girls Pershing L 6:30-7:40? 2
Trainers
Th? -??? U-8G? 2 teams 20 girls? Pershing L 6:30 - 7:40? 2 Trainers
Th -? U-8 B 3 teams 18-22 boys Pershing Middle 5:30-6:30 1 Trainers

Thanks, Joe


Do we have a revised draft of the responses to the data requests ready for review? I will be out of the office on Monday, when the responses must be filed. So, I would appreciate the opportunity to review the responses sometime today. Thanks.


David Lin
Management Center
Formosa Plastics Corporation, USA
9 Peach Tree Hill Road
Livingston, NJ 07039


The following deals have been created and entered in Sitara as Baseload priced at IFHSC.

Bob

Deal #		Counterparty		Meter	Zone		Nomination

752476		Carrizo Oil & Gas	9888	12		10,000
752480		Comstock Oil & Gas	9878	20		100
752482		D & P Operating	?	001(Gulf Coast)	500
752487		Ergon Exploration	9880	08		9,000
752489		HESCO Gathering	9649	?		300
752491		HESCO Gathering	9876	05		85
752556		HESCO Gathering	9885	05		1,100
752566		Louis Dreyfus		9874	14		750
752571		Suemaur Exploration	9881	02		1,300
752578		United Oil & Mineral	9887	19		2,000


Thanks, you too.  How do I get my fax number changed in the contract?  My current fax number is 713-646-3037.

 -----Original Message-----
From: 	"Kirkpatrick, Shawn" <SKirkpatrick@reliant.com>@ENRON
Sent:	Friday, February 15, 2002 2:25 PM
To:	Germany, Chris
Subject:	RE: Updated gas flow and prepayment schedule

THanks!  Have a nice day off!

-----Original Message-----
From: Germany, Chris [mailto:Chris.Germany@enron.com]
Sent: Friday, February 15, 2002 2:23 PM
To: Taylor, Jim J
Cc: Torres, Pete; Kirkpatrick, Shawn; Barbe, Robin; Hamic, Priscilla;
Dhont, Margaret; Polsky, Phil; Pollan, Sylvia S.
Subject: Updated gas flow and prepayment schedule

ENA did not purchase any gas for the weekend or Tuesday (Monday is an
Enron holiday).

Have a good weekend!

 <<ENA-Reliant Prepay.xls>>

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


Kevin Montagne is running the "code" reports.  I should have them sometime Tuesday.

I spoke will Bill and let him know we would have the "code" tomorrow.

Kevin Montagne said his research indicates we do lock two records when there is an order.  I relayed that  info to Bill.


No, this is not deja vu.  I am now ready to confirm this deal, however, it
has the wrong energy type.  Can you change this and let me know.

Thanks!


- All your smurf.swf


Good Morning,

Any GCP Adjustments will be highlighted in blue.  Plese feel free to give me a call, if you have any questions.

Amber N Ebow x5-8331
Global Counterparty_Enron Net Works

 -----Original Message-----
From: 	Lebrocq, Wendi
Sent:	Monday, October 08, 2001 4:51 PM
To:	Lambert, Karen; Jones, Tana; Schott, Samuel; Brackett, Debbie R.; Clark, Cynthia; Enron Europe Global CounterParty,; Sever, Stephanie; Moran, Tom; Clark, Claudia; Bradford, William S.; Lees, Lisa; Fayett, Juana; Morse, Jana; Le, Trang; Maley, Paul; O'day, Karen; Rohauer, Tanya; Lombardi, Kelly; Lindsay, Brian; EOL Call Center; Hare, Bill D.; Heffernan, Amy; Lafuze, Molly; Clark, Danny; Panus, Stephanie; Mandola, Teresa; Ebow, Amber; Coleman, Tandra; Campbell, Lesli; Lebrocq, Wendi; Taylor, Mark E (Legal); Lauer, Kara; Banner, Kimberly; Mcquade, Jennifer; George, Fraisy; Guillory, Michael; Rajaram, Aparna; Monterrey, Maribel; Lebeau, Maria; Escamilla, Albert; Curry, Ken
Subject:	Revised EOL and Clickpaper Approvals: 10-8-01

There are 2 Clickpaper additions to the Approval spreadsheet.

Please see attached.

 << File: EOL 10-08-01.xls >>
Regards,

Wendi LeBrocq
3-3835


I am out of town on monday and tuesday i am off (vacation day)   wednesday
kenny is hunting so yea right now i can only go thursday .  But this is silly
you and I and susan can get together the week after... Visit wtih your out of
town friend.


Attached is the Enron Americas GasTrading violation memo for August 17, 2001.  The Office of the Chairman for Enron Americas is responsible for printing out a hard copy of this memo, signing and returning the hard copy to Chris Abel at 3560f, who will forward it to RAC to obtain their signature.

Thank You


See below.

 -----Original Message-----
From: 	"Lech Kalembka" <Lech.Kalembka@cwt.com>@ENRON
Sent:	Tuesday, November 13, 2001 11:26 AM
To:	Cook, Mary
Cc:	Rick Antonoff; Athena Alexander
Subject:	Netting Agreements

I think it would be helpful going forward to elicit the counterparty's
organizational ID number in the signature block where we currently obtain
its jurisdiction of organization and location of chief executive office.
This would probably save a bit of time and money.

Thanks.

Lech Kalembka
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY  10038
Tel.: (212) 504-6918
Fax: (212) 504-6666
E-mail: lech.kalembka@cwt.com

==============================================================================
NOTE:  The information in this email is confidential and may be legally privileged.  If you are not the intended recipient, you must not read, use or disseminate the information.  Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

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


Information Technology is hosting an ice cream party to thank users in ENA
Legal for their cooperation and patience during the Windows 2000 migration.
The party will be this afternoon from 3:00 - 4:00 p.m. in conference room
38C1.  Please plan to come by and say hello to this outstanding IT team.  We
hope to see you there.


did we do this letter for january?  price is NWPL - $0.04 = $8.72

---------------------- Forwarded by Joan Quick/HOU/ECT on 01/31/2001 10:00 AM
---------------------------

Teresa G Bushman
12/14/2000 04:57 PM
To: kckrisa@apex2000.net
cc: Joan Quick/HOU/ECT@ECT
Subject: December letter agreement

Ken:

Please sign and send the attached December letter agreement or call me if you
have questions or comments.

Thanks.

Teresa

Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com

----- Forwarded by Teresa G Bushman/HOU/ECT on 12/14/2000 04:56 PM -----

	Teresa G Bushman
	12/08/2000 04:55 PM

		 To: Joan Quick/HOU/ECT@ECT, kckrisa@apex2000.net
		 cc:
		 Subject: December letter agreement

A draft is attached.  Please call me with questions or comments.

Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/12/2000
11:13 AM ---------------------------

"Vadim Pokhlebkin" <vpokhleb@ideaus.com> on 04/12/2000 10:28:39 AM
To: <Vince.J.Kaminski@enron.com>, <vkamins@enron.com>
cc:
Subject: Fresh IDEA

Dear Vince,

Once again, sorry to have missed you at your office this morning.  Have you
heard any feedback about our research from your colleagues?  I really hate
to bother you with this.  Please let me know whom I may contact: that will
save you from forwarding our reports to them daily.  I look forward to your
reply.

As usual, attached are today's issues of our daily morning faxes:
1. Financial Markets Today - FX majors and key bond markets' analyses.
2. Fixed Income Today - US treasuries, agencies, and corporates' analyses.

Best regards,
Vadim Pokhlebkin
Account Manager
vpokhlebkin@ideaglobal.com
tel. + 1 212 571 4332
fax  + 1 212 571 4334

IDEAglobal.com
140 Broadway, 21st Floor
New York, NY 10005, USA

Any views expressed in this message are those of the individual sender,
except where the sender specifically states them to be the views of
IDEAglobal.com. This email, its content and any files transmitted with it
are intended solely for the addressee(s) and may be legally privileged
and/or confidential. Access by any other party is unauthorized without the
express written permission of the sender. If you have received this email in
error you may not copy or use the contents, attachments or information in
any way. Please destroy it and contact the sender via the IDEAglobal.com
switchboard in one of the following three offices: New York +1 212 571 4332;
London +44 171 430 2888; Singapore +65 332 0700

 - FMT0412A.pdf
 - FIT1204A.pdf


Wed. we will be filing our protest (plus, many others will be filing
protests) that Entergy's filing is discriminatory and not the way to solve
transmission constraints issues.  Actually, Entergy proposes solving
constraint issues by not allowing parking at a generation only control area
and by eliminating netting--both items that we won last year at NERC against
TVA.  Entergy's filing is a proposal to solve "partial paths", which they
call "fictional" sinks/sources via elimination of the path.

Now MAIN and ComEd (specifically stating that it doesn't want us to sink at
the Enron soon-to-be control area in ComEd) have raised this issue.  We are
working on a response to ComEd and Dick may be going out to meet with them
too.

Finally, DUKE AND CINERGY both told me that while their marketing/traders
greatly want to protest Entergy's filing, their transmission side won't let
them.  So both are filing plain vanilla interventions.  We need to again be
looking for any NERC email blasters that go out from marketers of utilities
now and into the summer, similar to what SCEM (Southern's marketer) sent out
last year complaining about TLRs.  If you see any of these, let me know so we
can possibly send them to FERC staff because it is very difficult to get them
to take a public position.  PECO Energy is filing a good protest to Entergy.
C.

Patrick Hanse
04/11/2000 07:41 AM
To: Christi L Nicolay/HOU/ECT@ECT, Greg Woulfe/HOU/ECT@ECT, Kevin M
Presto/HOU/ECT@ECT
cc: Bill Rust/HOU/ECT@ECT
Subject: Entergy's March 21, 2000 Filing, FERC Docket No. ER00-1933

Christi - FYI for the letter you are preparing for both Entergy and ComEd.
Below, Harry Terhune from MAIN org. is advertising Entergy's recent tariff
filing to MAIN members as a way to deal with "partial path" reservations and
valid ATC calculations.
---------------------- Forwarded by Patrick Hanse/HOU/ECT on 04/11/2000 07:26
AM ---------------------------

"Harry L. Terhune" <hlt@maininc.org> on 04/10/2000 05:21:18 PM
To: atcsc@maininc.org, "Doug Collins-Alliant"
<dougcollins@alliant-energy.com>, "Kirit Shah-Ameren"
<kirit_s_shah@ameren.com>, "Jeff Webb-ComEd" <jeffrey.r.webb@ucm.com>, "Bob
McGarrah-CIL" <rmcgarrah@cilco.com>, "Ron Powell-CWL"
<rlp@ci.columbia.mo.us>, "Jim Windsor-CWL" <JRW@ci.columbia.mo.us>, "Karl
Kohlrus-CWLP" <karl@cwlp.com>, "Mike Pullen-EEInc" <mpullen@yahoo.com>,
"Kevin Wagner-IMEA" <kwagner@imea.org>, "Jay Caspary-IP"
<jay_caspary@illinova.com>, "Darl Shimko-MGE" <dshimko@mge.com>, "Ted
Hilmes-SIPC" <thilmes@sipower.org>, "Bob Hunzinger-Soyland"
<Bhunzinger@soyland.com>, "Chris Plante-WPS&UPP" <cplante@wpsr.com>, "Don
Volzka-WEP" <don.volzka@wepco.com>, "Scott Barnhart-WPPI"
<sbarnhart@wppisys.org>, "Kurt Dickinson-Alliant-TSM"
<kurtdickinson@alliant-energy.com>, "Dave Acton-Alliant-CA-Merch"
<daveacton@alliant-energy.com>, "Roger Harszy-Ameren"
<roger_c_harszy@ameren.com>, "Peg Abbadini-CILCo" <pabbadini@cilco.com>, "Tom
Wiedman-ComEd" <thomas.e.wiedman@ucm.com>, "Tad Johnsen-Columbia"
<TBJ@ci.columbia.mo.us>, "Lee Gladish-CWLP" <LGladish@cwlp.com>, "Rick
Ozmet-EEInc." <ricko@midwest.net>, "James Fuhrmann-IP"
<James_Fuhrmann@illinova.com>, "Don Morrow-MGE" <dmorrow@mge.com>, "Ted
Hilmes-SIPC" <thilmes@sipower.org>, "Harold Reichardt" <HREICHA@wpsr.com>,
"Bill Rades-WEPCo." <bill.rades@wepco.com>, "Jim Maenner-WPS"
<jmaenne@wpsr.com>, "Ken Copp-WEPCo." <ken.copp@wepco.com>, "Lloyd
Will-ENRON-SE" <lwill@enron.com>
cc: rnm@maininc.org, lrj@maininc.org
Subject: Entergy's March 21, 2000 Filing, FERC Docket No. ER00-1933

MAIN ATCSC, C&CSC, EC and OC TP and Control Area Contacts:

MAIN is presently struggling with the issues of how to properly represent
both partial path reservations (those submitted without true source and
sink) and schedules which are not physically realizable in its ATC
calculation and posting process in a way which validly represents the
ability of the transmission system to support power transfers and provides
fair and accurate ATC information to all potential users of the
transmission system.

One of our MIC representatives reported that Entergy has filed a tariff
amendment with a proposal to deal with these issues, and you may wish to
examine the proposed business practices to evaluate the amendment's merits
or potential complications.

If so, below please find instructions for your convenience on how to access
the Entergy tariff filing related to providing valid source and sink
information for evaluation of transmission service, reservations and
schedules:

 The information below provides an electronic link to Entergy's March 21,
2000, filing in FERC Docket No. ER00-1933.  Because the filing is a series
of scanned images, I do not know how to electronically transfer a copy of
the actual filing.  However, if you double-click on the http reference
below, your web browser should take you to a page on the FERC web site.
This FERC page should provide a space for you to enter a "document ID."  In
the space provided, please type in the following

document ID:  2040905

Then hit the [enter] key on your keyboard.  This will bring you to another
FERC web page where you can click on "I=25" (on the far right-hand side of
the screen) which will link you to the 25 imaged pages of Entergy's filing.

 <<rims.qrp2~pagereq~RIMS~docID.url>>

 http://rimsweb1.ferc.fed.us/rims.q?rp2~pagereq~RIMS~docID


State energy contracts must be paid off by users in system

By Ed Mendel
 SAN DIEGO UNION-TRIBUNE STAFF WRITER

July 12, 2001

SACRAMENTO -- California businesses are being hit by big electricity rate
increases, some as high as 100 percent, and they would like to be able to
shop around for cheaper power.

But state regulators are poised to ban customer choice, or "direct access"
as it has come to be called, because they want to make sure that enough
customers remain with utilities to pay for state power purchases.

After a month of closed-door talks, the revelation that the state has signed
$43 billion worth of long-term power contracts at above-market prices helped
scuttle an attempt to work out a compromise in the Assembly.

*
<http://www.signonsandiego.com/news/reports/power/20010712-9999_7m12correct.
html> For the record: Power story correction

*
<http://www.signonsandiego.com/news/reports/power/20010712-9999_1n12enron.ht
ml> Senate panel, energy firm fighting tough

  <http://www.signonsandiego.com/images/trans_1x1.gif>

"If the intent of the big customers is to leave the small customers paying
for those contracts, we are going to fight like hell," said Lenny Goldberg,
a lobbyist for The Utility Reform Network.

Jack Stewart, president of the California Manufacturers and Technology
Association, said large business users were offering to pay off the back
debt of Southern California Edison, estimated at $3.5 billion, in exchange
for direct access.

"I thought we were making a lot of progress until the information on the
contracts came out," Stewart said. "We really don't have a way of dealing
with those contracts."

Now Stewart is suggesting that direct access be slowly phased in over a
period of years and that the long-term power contracts be renegotiated,
perhaps with some being switched from the state to big-business users.

The manufacturers association and the California Chamber of Commerce helped
organize a business coalition, Californians for Energy Action, that wants a
cheaper alternative to power purchased for utility customers by the state.

"Many large and small California businesses have seen their electric bills
double," says a newspaper ad being run by the coalition this week. "These
cost increases are a burden that will cause consumer prices to increase,
some businesses to fail and jobs to be lost."

A rate increase approved by the state Public Utilities Commission for PG&E
and Edison customers in May fell heaviest on business users. The PUC said
that the average residential increase was about 50 percent, while the
average business increase was about 75 percent.

Legislation that authorized the state to begin buying power in January for
the utilities, who were crippled by a failed deregulation plan, bars rate
increases for residential customers who use up to 130 percent of the
baseline, the minimal amount deemed necessary for a household.

Senate President Pro Tempore John Burton, D-San Francisco, and other
legislators have argued that large businesses should bear most of the burden
of the failed deregulation plan because it was business, not residential
consumers, who pushed for deregulation.

Alan Zaremberg, president of the California Chamber of Commerce, said that
forcing businesses to bear a "disproportionate" rate increase will cost
everyone through higher prices for goods and services and possibly a loss of
jobs.

"If government didn't allow implementation of deregulation in the right
manner," Zaremberg said, "then we all have to find a solution. We are all in
this together, and that's residential and business alike."

The legislation that authorized the state to buy power also directed the PUC
to ban direct access power purchases, if the loss of rate revenue from the
departing customers would harm the ability to pay off a power bond.

The state plans to issue a bond of up to $13.4 billion in September or
October to repay the taxpayer-supported state general fund for power
purchases. The bond would be paid off by ratepayers over 15 years.

Last week, the Senate rejected a bill by Sen. Debra Bowen, D-Marina del Rey,
on a 19-12 vote that would have allowed businesses to shop for power if they
paid an "exit fee" to protect the bond payments. Business groups said the
fee was too large and would not result in lower power costs.

"I cannot carry a direct-access bill that makes it harder to sell the bonds
or that shifts costs from large users, who leave for cheaper power, to
smaller users and residential ratepayers," Bowen said.

Burton and Bowen have both criticized Gov. Gray Davis' plan to keep Southern
California Edison from joining Pacific Gas and Electric in bankruptcy. They
say the plan, which includes the state purchase of the Edison transmission
system, is too generous to Edison.

Both Burton and Bowen have suggested that an Edison bankruptcy may not be a
calamity. But in the Assembly, Speaker Robert Hertzberg, D-Van Nuys,
launched a drive for an alternative Edison rescue plan that was based on
gaining business support by offering direct access.

Hertzberg asked a former Democratic assemblyman, Phil Isenberg of
Sacramento, to try to work out an agreement among the various special
interest groups: business, labor, consumers and generators.

The basic plan considered by the Isenberg group would have left "core"
customers -- residences and small businesses -- in a regulated system
receiving power at stable prices from the generators and contracts retained
by the utilities.

Businesses and other large users, the "non-core" customers, would be free to
shop around for low-cost power by 2003 if they agreed to help pay off the
Edison debt.

The Edison rate increase for large users would be limited to 50 percent. The
PUC would create a "balancing account" to track costs, issuing a refund if
too much was collected or raising rates if revenue fell short.

Business and generator groups told Hertzberg last week that they reached
agreement on a general framework, with the exception of the state purchase
of the Edison transmission system and some other issues. But the consumer
and labor representatives opposed the framework.

Mike Florio of The Utility Reform Network said in a dissenting statement
that an across-the-board allocation of state power costs would be "clearly
unfair" and cause residential users to subsidize direct-access customers.

Hertzberg said he is considering some of the ideas in the framework
presented by the Isenberg group and may make a proposal in a week or two.

"We are looking at all the possibilities," Hertzberg said. "We are trying to
do some form of direct access within the current contract structure."


Hi Nancy,

There are some comments on the VEPCO ppa from our regulatory side.  I was
unclear if you had seen these before.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/14/2000 06:36
PM ---------------------------

Christi L Nicolay@ECT
06/15/2000 05:41 PM
To: Kay Mann/Corp/Enron@Enron, Heather Kroll/HOU/ECT@ECT, Ozzie
Pagan/HOU/ECT@ECT, Jeffrey M Keenan/HOU/ECT@ECT, Tom Chapman/HOU/ECT@ECT
cc:

Subject: Re: VEPCO PPA

Several thoughts from federal reg./transmission side:
I haven't worked with a VEPCO interconnection agreement yet, but many times
there are requirements that the generator is required to provide emergency
power to the interconnected transmission provider, in which case you would
want the interconnection agreement to cover all costs you would incur to
replace the energy at a different location (usually it is difficult to get
this agreement, so you should check and then factor that into the equation).
I would be happy to look at the interconnection agreement with you.
Interconnection of generation is a separate process from requesting
transmission.  It appears that VEPCO has to buy the transmission (or use its
network transmission) when the Delivery Point is the plant.  Enron will have
to purchase transmission on VEPCO if it is selling to third parties off the
plant and will have to purchase transmission on other systems if it wants to
supply at an alternate delivery point.  Please discuss this with Kevin
Presto's tranmission people (Bill Rust on 31).  Enron cannot use VEPCO's
network transmission to delivery to third parties.
Is this plant in the VEPCO queue yet?  Also, FERC has issued some recent
rulings that deal with time limits on system impact studies, etc.  While
VEPCO is probably incentivized to get this built, you want to make sure that
you do not lose optionality in selling to third parties from the plant due to
transmission constraints.  A request for transmission on OASIS is the only
way to ensure deliverability to third parties.
3.5 (c) Intra-day scheduling--You may have hourly transmission risk for an
increase.  Unless you buy longer term firm, you will deliver from other
sources using hourly non-firm, which is the lowest priority of transmission
and subject to getting cut.  You may want to consider doing this on
best/reasonable efforts basis.  (Also, even if you purchase
daily/monthly/yearly firm to serve third parties, if you change the point of
receipt or point of delivery temporarily, your request is treated as
non-firm.)
12.4--Currently VEPCO is interested in joining the Alliance ISO (an RTO that
has not been approved by FERC yet--competing ISO to Midwest ISO), but since
FERC has not approved any RTO for VEPCO yet, there could be significant
changes in the transmission charges/methods of obtaining
transmission/grandfathering of current transmission, etc during this
contract.  Make sure with the ENA attorneys that this out/increase in price
covers that circumstance.
Underlying tranmission rates on VEPCO or any other provider can change at
most any time, subject to the provider filing a rate case.  Therefore, any
current transmission rates shown on OASIS are not necessarily what you will
pay over the term of any transmission that Enron may purchase to serve this
contract.  Generally, transmission providers will not agree to fixed rates.

Tom Chapman
06/13/2000 06:07 PM
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: VEPCO PPA

Christi--

This is the note that I received on Tuesday June 13.  This is a relatively
early draft of the PPA.

I think that we still have to purchase the land associated with the sites and
do the due diligence on the site with regards to some of the siting issues.
IN addition, in NC we are going to get a CPCN to site the plant to speed up
the regulatory process in the NCUC.  I think that this will make the issue
less contentious because of the NCUC's acceptance of the Dynegy plant at
Rockingham that had a PPA with Duke Power.

Using the Dynegy plant as a guideline, their only stumbling block was their
gas agreeement.  They built a bypass off Transco.  We would be taking gas
from the LDC of Rocky Mount.  Having talked with the regulatory folks at the
NCUC who handle gas issues, this is the preferred route.  So, I do not think
that we have any major state issues.  I think that right now we are simply
working on some of the siting issues.

That being said, I will let you take a look at the PPA and let me know or
Jeff Keenan (or even Heather Kroll or Ozzie Pagan) if you think that there
are some transmission issues or other issues on the federal level.

Thanks.

Tom
---------------------- Forwarded by Tom Chapman/HOU/ECT on 06/13/2000 06:04
PM ---------------------------

Linda J Simmons
06/13/2000 08:45 AM
To: Kay Mann/Corp/Enron@Enron, Heather Kroll/HOU/ECT@ECT, Ozzie
Pagan/HOU/ECT@ECT, Jeffrey M Keenan/HOU/ECT@ECT, Tom Chapman/HOU/ECT@ECT
cc:
Subject: VEPCO PPA

----- Forwarded by Linda J Simmons/HOU/ECT on 06/13/2000 08:44 AM -----

	"Nancy Wodka" <nwodka@bracepatt.com>
	06/12/2000 04:20 PM

		 To: <linda.j.simmons@enron.com>, <lisa.mellencamp@enron.com>
		 cc: "William Frederking" <wfrederking@bracepatt.com>
		 Subject: VEPCO PPA

Lisa:  Attached is a draft of the Power Purchase Agreement with VEPCO, based
on the current version of the term sheet.  In preparing the draft, we did
encounter several additional questions for Enron's consideration.  These are
noted with brackets and, in some cases, italicized notes, in the draft and
are also highlighted below.  You may want to address these issues before this
goes to VEPCO.

Cover and first page-- Should the party to the agreement (for the moment) be
ENA or a special purpose company?

Definitions--  We included a defined term "Emergency Start-Up" (a start up or
increase in energy scheduled during a day) and a place in Exhibit A to
include a price for this, although this was not covered in the term sheet.

Section 2.2--  We included a provision for VEPCO to take test energy (energy
charge only; no demand charge)--do you want this?

Section 2.3--  This was taken from the term sheet, but is it correct that COD
will be July 1 (since the demand charge is supposed to start June 1?)  Also,
it would be best to define "commencement of construction" to avoid
controversy down the road.  We could either do this now or put in a
placeholder that indicates it needs to be defined or be silent, whichever is
your preference.  Also, bear in mind that we have not included a specific
remedy (e.g., liquidated damages) if the Seller does not achieve that
milestone on time.  Under the default provision (Section 8.1(c)), there would
be a 30 day period to cure before Buyer could terminate (extendible to 90
days if a longer period of time is needed and Seller diligently pursues the
cure).  Would you prefer the right to pay ld's and extend the time period?

Section 3.1(b)--  Should the 1400 hour limitation apply to all sales under
this PPA or only sales from the Facility?  I.e., would you use this Agreement
to sell to VEPCO power in addition to what would be available from the
Facility?  Also, is this a calendar year limitation--i.e., could they take
1400 hours in the period June-Dec. 2001 or does the 1400 hours need to be
pro-rated for the first year?

Section 3.4-- Since this is not a base load plant, the normal definition of
Availability as the number of hours in a year of operations compared to the
total hours in the year would not seem to be applicable.  Instead, we stated
that the Facility would be capable of being available 92% of the year (other
than due to Force Majeure and 336 hours (2 weeks) of scheduled
maintenance)--i.e., that if they tried to schedule it, it is expected to be
available.  Is that what Enron intended?  Additionally, the term sheet stated
that a remedy for failure to meet Availability would need to be agreed--why
wouldn't cost of cover damages be appropriate? Also, please note that we
included language stating that Seller will not perform maintenance during
peak periods.

Section 3.5(b)-- Please note the bracketed language re taking Blocks of
Energy.  We have 50 MW minimum blocks but the capacity is 223--should we
allow the last Block to be 23 if they've scheduled all the rest?

Section 3.5(c)-- Please see the bracketed language at the end of this Section.

Section 4.7-- Should there a required minimum take of Energy?

Article 6-- The Genco/Santee Cooper form of PPA we used as a model did not
have any provisions on metering.  (See placeholder note in Article 6.)  Do
you want to add such a provision, ignore it or just include a placeholder for
now?

Section 9.1-- Is 30 days from invoice correct for the payment due date or
would you prefer a shorter period?

Article 15-- The Genco/Santee Cooper form had mediation as a required step
prior to arbitration.  Should we keep that?  Also, the form of arbitration is
"baseball" arbitration--i.e.,  the arbitrators have to chose one party's
position or the other's.  Is that what you want?

Section 16.2--  We used New York for governing law, on the premise that it
will be difficult to get VEPCO to agree to Texas law and we would not
recommend Virginia law for this contract.

Exhibit A-- There are a number of questions on the pricing exhibit--please
see the bracketed notes therein.

Please call and let us know how you would like to proceed on this draft.

 - VEPPPA.DOC


The following are some of the proposed amendments to SBX2 78, in concept.
The amendments were developed by the Administration and Assembly Democratic
leadership and have not been finalized, nor have they been run past the
Senate in full detail.  It is unlikely that the Assembly will take the bill
up this week.

Direct Access: SBX2 78 will contain the final DA provisions from ABX2 82
which are located in Water Code Section 80110.  The amendments, in short,
provide that customers may switch during open enrollment periods provided
that there is enough head room and in proportion to the customer class.  The
Assembly has apparently convinced the Treasurer that DA can exist provided
there are non-bypassable charges and specified exit fees.

Threshold: The payment threshold will be lowered to 20 kw for 100% of the
undercollection despite the Senate's objections.  Lowering the threshold to
20 kw will probably force some of the liberal Democrats off the bill but
will bring even more of the moderate Democrats on to the bill.

Tax Refund: SCE will keep the $400 million projected tax refund and not have
that amount applied towards the bonding amount.

Easements: The easements are currently in the bill, however, they may need
to come out in order to secure moderate Democratic votes.

Renewable Portfolio Standard:  The RPS from ABX2 82 will be included in SBX2
78.


Hi Lee:
Do you know what the subject of the proceeding is?  I'm traveling, but will
try to get you info.

Best,
Jeff

	Lee Huber
	06/05/2001 09:34 AM

		 To: Jeff Dasovich/NA/Enron@Enron, Drew Fossum/Enron@EnronXGate
		 cc: mbaldwin@igservice.com
		 Subject: CPUC

Drew Fossum needs some info on the CPUC proceeding  11-002.  Addtional
testimony was filed by Socal.  We need to know if we can become a party and
file testimony at this time if we felt we needed to ?  Also can you find out
whether anyone has filed additional supplemental testimony. Please call me at
713   853-6981


---------------------- Forwarded by Randall L Gay/HOU/ECT on 09/21/2000 10:26
AM ---------------------------

	Enron North America Corp.

	From:  Kenneth Shulklapper                           09/21/2000 10:20 AM

To: Randall L Gay/HOU/ECT@ECT
cc:
Subject: Etiquette - rerun

---------------------- Forwarded by Kenneth Shulklapper/HOU/ECT on 09/21/2000
09:46 AM ---------------------------
To: Jay Reitmeyer/HOU/ECT@ECT, Kenneth Shulklapper/HOU/ECT@ECT
cc:
Subject: Etiquette - rerun

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 09/21/2000
10:16 AM ---------------------------

"Marcantel MM (Mitch)" <MMMarcantel@equiva.com> on 09/21/2000 06:47:47 AM
To: "'Matthew.Lenhart@enron.com'" <Matthew.Lenhart@enron.com>,
"'Chad.Landry@enron.com'" <Chad.Landry@enron.com>
cc:

Subject: Etiquette - rerun

NIce Man! Especially #10

Blowjob Etiquette For Men, From Women:

> >  1. First and foremost, we are not obligated to do it.
> >
> >   2. Extension to rule #1 - So if you get one, be grateful.
> >
> >   3. I don't care WHAT they did in the porn video you
> >   saw, it is not standard practice to cum on someone's
> >   face.
> >
> >   4. Extension to rule #3 - No, I DON'T have to swallow.
> >
> >   5. My ears are NOT handles.
> >
> >   6. Extension to rule #5 - do not push on the top of
> >   my head. Last I heard, deep throat had been done. And
> >   additionally, do you really WANT puke on your dick?
> >
> >   7. I don't care HOW relaxed you get, it is NEVER OK
> >   to fart.
> >
> >   8. Having my period does not mean that it's "hummer
> >   week" - get it through your head - I'm bloated and I
> >   feel like shit so no, I don't feel particularly obligated
> >   to blow you just because YOU can't have sex right now.
> >
> >   9. Extension to #8 - "Blue Balls" might have worked
> >   on high school girls - if you're that desperate, go
> >   jerk off and leave me alone with my Midol.
> >
> >   10. If I have to pause to remove a pubic hair from my
> >   teeth, don't tell me I've just "wrecked it" for you.
> >
> >   11. Leaving me in bed while you go play video games
> >   immediately afterwards is highly inadvisable if you
> >   would like my behavior to be repeated in the future.
> >
> >   12. If you like how we do it, it's probably best not
> >   to speculate about the origins of our talent. Just enjoy
> >   the moment and be happy that we're good at it. See also
> >   rule #2 about gratitude.
> >
> >   13. No, it doesn't particularly taste good. And I don't
> >   care about the protein content.
> >
> >   14. No, I will NOT do it while you watch TV.
> >
> >   15. When you hear your friends complain about how they
> >   don't get blowjobs often enough, keep your mouth shut.
> >   It is inappropriate to either sympathize or brag.


KH,

HSC-.0825 is the correct price, based on the final agreement.  I have
corrected the deal in Sitara.

D

Katherine Herrera@ENRON
09/26/2000 03:31 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Duke exchange deal - Supply

Deal #231757
Purchase

The deal in sitara indicates that the price for East Texas Gas Systems is
HSC, Index -$.085.
Per the contract, the redelivery  at ETGS Carthage Hub Tailgate should be
priced at  HSC Index -$.0825.
Are these the same points and is the price correct?

Thanks
katherine


The preliminary should be out by the end of the day on the 2nd of January, not the 1st as noted below.

Sorry for the confusion.

Regards

 -----Original Message-----
From: 	Wilson, Shona
Sent:	Friday, December 28, 2001 9:14 AM
To:	Abel, Chris; Andrews, Naveen; Apollo, Beth; Beck, Sally; Belden, Tim; Bowen Jr., Raymond; Bradford, William S.; Brooks, Loretta; Buy, Rick; Castleman, Kent; Causey, Richard; Cockrell, Rainier; Colwell, Wes; Curry, Wanda; Day, Misti; Delainey, David W.; Dietrich, Janet; Fallon, Jim; Frevert, Mark; Gold, Joe; Gossett, Jeffrey C.; Haedicke, Mark E.; Hagelmann, Bjorn; Hall, D. Todd; Hanson, Kristen J.; Hardy, Trey; Hayden, Frank; Helton, Susan; Hickerson, Gary; Hillis, Kimberly; Hodges, Georgeanne; Kaminski, Vince J; Kass, Michael; Kathol, Sherri; Killen, Faith; Kitchen, Louise; Lavorato, John; Lay, Kenneth; McKinney, Hal; McMahon, Jeffrey; Mills, Scott; Moscoso, Michael E.; Murphy, Ted; New, James; Piper, Greg; Port, David; Presto, Kevin M.; Schmidt, Darin; Schoppe, Tammie; Shepperd, Tammy R.; Talley, Darin; Ueckert, Allen W.; Valdez, Veronica; Whalley, Greg; White, Stacey W.; Whiting, Greg; Albrecht, Kristin; Ayala, Susie; Best, John; Brackett, Debbie R.; Branem Hansen, Trond; Brown, Matt A.; Bruce, Michelle; Carrington, Clara; Chang, Fran; Chew, Carol; Evans, Casey; Fondren, Mark; Gillis, Brian; Keiser, Kam; Latham, Jenny; Leuschen, Sam; Lewis,  Jon Paul; Mason, Heidi; Miralles, Albert; Oliver, David; Powell, John D.; Prejean, Frank; Ramesh, Ganapathy; Reeves, Kathy; Swinney, John; Taylor, Dimitri; Thomas, Sheri; Thrane-Nielsen, Didrik; Trevino, Susan; Vinson, Donald Wayne
Subject:	DPR reporting

Plans for the reporting of the consolidated DPR are:

For trading date Friday, December 28th - No DPR
For trading date Monday, December 31st - Our goal is to publish this in preliminary form by the end of the day Monday, 1/1/02 Tuesday, 1/2/02 .

Please call me if you have questions or comments about this reporting schedule.

I wish you all a happy New Year.

Regards

Shona Wilson
Director, Global Risk Operations
X39123


Attached please find the revised draft Schedule.

(See attached file: Enroncan.doc)

Regards,
Dan Carr

 - Enroncan.doc


For your information:

Telephone No. if dialling from the USA 011-447881512535 or UK local 07881
512535

To access voice mail from the USA dial 011-44-777 533 7885 or UK local dial
44 777 533 785
 You may interrupt the message by pressing "9"
 Global Access No is "3333"
 Follow the verbal prompts

Please let me know if you have any questions X57373.


Ravi,

This is a resume of Shirley's daughter.
Do you know if somebody in EBS is looking for a secretary?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/17/2000
04:08 PM ---------------------------

Shirley Crenshaw
03/17/2000 03:13 PM
To: Stinson Gibner/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Kathy's Resume

Here is Kathy's Resume.  Thanks so much for your interest!


You'd mentioned that you wanted consequential damages info analyzed in terms
of the MS UCC.  Our UCC provides for recovery of consequential damages to the
buyer, but not to a seller.  In the Enron power marketing contract, is it
correct to say that enron acts as the seller?  If that is the case, then the
city could recover consequentials from enron , but Enron couldn't recover
consequentials in the event of breach by the city.  In addition, the city
probably could not agree to be responsible for consequentials b/c of the
limitations on city's ability to enter into such agreements.  Let me know if
you think that analysis is incorrect.

>>> <Kay.Mann@enron.com> 06/06/01 08:09AM >>>

Wilson,

We are running short on time.  We are planning to sign on  Tuesday, and I
hesitate to put a new document in front of them at this late date. Would it
be easier to work with reps/warranties?

I definitely need an answer from your firm confirming (1) enforceability
(2) obligation of the Cities to financially support agreement.

Also, could you provide me with the Mississippi law defn of consequential
damages and a couple of examples where Enron could be responsible for same
under this agreement?  Also, can MDEA and the Cities be liableto Enron for
consequentials (absent a waiver)?

Your comments to the previously forwarded draft would be greatly
appreciated.

Kay

"Wilson Montjoy" <wmontjoy@brunini.com> on 06/05/2001 10:33:14 AM

To:   <Kay.Mann@enron.com>
cc:

Subject:  Re: Clarksdale

I had spoken to Rod Clement, one of our opinions guys, about having a call
with you, but we hadn't gotten around to scheduling it. What is your
availability this afternoon? Both Rod and I are available.

>>> <Kay.Mann@enron.com> 06/05/01 06:25AM >>>
Wilson,

We are trying to finalize this transaction by next Tuesday, and I could
really use your help.  I believe you owe me a draft of an opinion letter?
Also, do you have any comments to the draft agreement I sent out last week?

I also need an opinion that the language in the agreement re the Cities
obligation to financially support MDEA is sufficient.

Thank you,

Kay


Here is the latest look at Commodity Logic.  Please call if you have any
questions.  Thanks Amy 3-7805


Dear Vince,
?
Further to our telephone conversation, that you  very much for agreeing to
participate in the financial mathematics training  course. As discussed I
would be delighted if you could present the following  sessions:
?
PRACTICAL TECHNIQUES TO PRICE EXOTIC ENERGY  OPTIONS
?
Evaluating methodologies for pricing  exotics
??? assessing the pros and cons  of a partial differential equation
??? applying multi-factor models  to price exotic energy derivatives
??? building trees for pricing  and hedging exotics
Pricing
??? Asian options
??? Bermudan and american style  options
??? spread and spark spread  options
??? multi-commodity  options
Practical example:??? pricing  swing options
???????????????????????????????  using Monte Carlo techniques to value swing
options
Practical example:??? pricing a  multi-commodity option
?
ANALYSING APPROACHES TO WEATHER DERIVATIVES  VALUATION
?
Understanding the mechanics of weather  derivatives
??? heating and cooling degree day  swaps
??? precipitation contracts
Applying probablistic approaches to pricing weather  derivatives
??? stochastics
??? Monte Carlo techniques
Using historical methodologies and Black-Scholes for pricing  weather
derivatives
Valusing long term transactions
Practical example
?
Please could you let me know by the close of business on  Thursday if you
would like to make any changes to the bullet points. I have  printed out your
biography below and please could you also let me know if you  would like to
make any changes to it.
?
Vince Kaminski, ENRON CAPITAL & TRADE  RESOURCES
Vince Kaminski is Vice President and Head of Research at Enron  Risk
Management and Trading, a unit of Enron Capital & Trade Resources. Mr
Kaminksi joined Enron in 1992. Previously he was Vice President in the
research  department at Salomon Brothers.
?
Thanks again Vince and I? look forward to speaking to you  on Friday.
?
Best regards,
?
Vicky


---------------------- Forwarded by Chris Germany/HOU/ECT on 08/07/2000 08:41
AM ---------------------------

"CustomerNotices, WGPHOU" <WGPHOU.CustomerNotices@Williams.com> on 08/01/2000
09:28:47 AM
To:
cc:
Subject: Transco - Cash Out Indices/July 2000

Media Inquiries: Chris Stockton
                 (713) 215-2010
Other Inquiries: Rate Department 1-800-248-0404 Option #7
July 1, 2000

To:  Transcontinental Gas Pipe Line Corporation Customers
     and Shippers

Re:  Cashout Indices - July 2000

    FT                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                3.9610        3.5900     4.2700
  Zone 2                4.0020        3.6325     4.3100
  Zone 3                4.0430        3.6750     4.3500
  Zone 4                4.0638        3.6941     4.3722
  Zone 5                4.1539        3.7770     4.4683
  Zone 6                4.2286        3.8457     4.5480

    IT                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                3.9610        3.5900     4.2700
  Zone 2                4.0020        3.6325     4.3100
  Zone 3                4.0430        3.6750     4.3500
  Zone 4                4.0957        3.7260     4.4041
  Zone 5                4.3015        3.9246     4.6159
  Zone 6                4.4618        4.0789     4.7812

   FTG                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                3.9610        3.5900     4.2700
  Zone 2                4.0020        3.6325     4.3100
  Zone 3                4.0430        3.6750     4.3500
  Zone 4                4.1168        3.7471     4.4252
  Zone 5                4.3997        3.0228     4.7141

                         AVG.          BUY        SELL
                        ------        ------     ------
  FTNT                  4.0520        3.6800     4.3700

For information concerning cashout transactions, please contact
Orie Harris at (713)215-4390.

Stella Yu
Manager - Rate Systems
(713)215-3381

--------------------------ADDITIONAL X12 INFORMATION------------------------
Trans. Svc. Provider: 007933021 - TRANSCONTINENTAL GAS PIPE LINE CORPORATION
   Notice Identifier: L0008011
     Critical Notice: No
      Type of Notice: 6-Other
   Required Response: 5-No Response Required
   Resp By Date/Time: N/A
Notice Eff Date/Time: 08/01/00 09:11:25
Notice End Date/Time: N/A
              Status: 1-Initiate
 Prior Notice Ident.: N/A
____________________________________________________________________________

 - C.DTF


(See attached file: O012502.pdf)

_____________________________________________________________________________________________________________________________________

Ce message et toutes les pieces jointes (ci-apres le "message") sont etablis a l'intention exclusive de ses destinataires et sont confidentiels. Si vous recevez ce message par erreur, merci de le detruire et d'en avertir immediatement l'expediteur.

Toute utilisation de ce message non conforme a sa destination, toute diffusion ou toute publication, totale ou partielle, est interdite, sauf autorisation expresse.

L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS (et ses filiales) decline(nt) toute responsabilite au titre de ce message, dans l'hypothese ou il aurait ete modifie.
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This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender.

Any use not in accord with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except formal approval.

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_____________________________________________________________________________________________________________________________________

 - O012502.pdf


This version includes the Section 5.4 language.


Start Date: 4/26/01; HourAhead hour: 11;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042611.txt


FYI - Enron isn't already in the queue.

To: Mary Hain/HOU/ECT@ECT
cc: James D Steffes/NA/Enron@Enron, Jay_dudley@pgn.com
Subject: Re: Draft interconnection procedure

Comments:

2.3     Delete last sentence.  If Enron is already in the queue (or
considered in a queue) before a TP's interconnection procedures are filed at
FERC, we don't want to have to resubmit something within 15 days in order to
remain in the queue.  I don't think this is necessary and all are protected
because pre-existing requests will be posted on OASIS on the queue.

4.3   Enron has argued for 60 days consistent with the OATT times (lost
unfortunately).  It may look odd for PGE to ask for 90 days.  PGE is
protected because if it legitimately takes longer than 60 days, you send a
notification.

6    ((I realize that this language was included in CP&L, but recommend these
changes for PGE.)

 6.1  Add after "as modified by the Commission" "if Customer chooses to
commence construction."
6.2   Modify last sentence -- The Agreement will provide milestones toward
placing the generator in service that the Interconnection Customer must make
reasonable progress toward or it will lose its queue priority (after
notification and opportunity to remedy.)

Thanks.

Mary Hain
03/13/2001 12:10 PM
To: Christi Nicolay
cc: James D Steffes/NA/Enron@Enron, Jay_dudley@pgn.com

Subject: Draft interconnection procedure

Since EPMI doesn't have any PGE interconnection requests pending, Jay Dudley
agreed to allow us to review PGE's draft FERC interconnection filing.  As I
mentioned to you on Friday, PGE is trying to file this week so we have a
quick turn around time.  I'm going to try to read it today.
---------------------- Forwarded by Mary Hain/HOU/ECT on 03/13/2001 10:09 AM
---------------------------
From: JAY DUDLEY/ENRON@enronxgate on 03/12/2001 07:39 PM CST
To: Mary Hain/HOU/ECT@ECT
cc: Frank Afranji/ENRON@enronxgate, MICHELE FARRELL/ENRON@enronxgate
Subject: Draft interconnection procedure

Mary - here is a draft of what the PGE interconnection procedure will be.
As I said, much of this is from VEPCO and Carolina Power.

Michele is redrafting it to be compatible with our OATT.

Let me know your comments as we want to file with FERC this week.

Thanks.

Jay.


i sure will - i think that would be a better fit for you anyway -- if i hear
anything - i'll let ya know


Attached please find the latest LV Cogen Turbine Agreement (second
document below), as well as a blackline (first document below) showing
changes made to the version circulated on April 5. The only changes are
to the performance guarantees in Sections 10.7 and 10.8.  To complete
the agreement, we will need to insert the date of execution and Exhibit
H-2.
 <<Comparison of LV Cogen Agreement - Versions 2 to 3.DOC>>  <<LV Cogen
Gas Turbine Agreement - Version 3.DOC>>
 - Comparison of LV Cogen Agreement - Versions 2 to 3.DOC
 - LV Cogen Gas Turbine Agreement - Version 3.DOC


-----Original Message-----
From: Jeff Watkins [mailto:jeffw@lashleyinc.com]
Sent: Tuesday, March 13, 2001 3:01 PM
To: Noel Butler
Subject: FW: Your wedding!

-----Original Message-----
From: Kelli [mailto:kellim@lashleyinc.com]
Sent: Wednesday, March 07, 2001 1:01 PM
To: Steve Davidek; Sarah Coil; Kim; Jeff Watkins; Erica Williams; Clif
Hutchins
Subject: FW: Your wedding!

-----Original Message-----
From: Tracy Robinson [mailto:trob0116@hotmail.com]
Sent: Wednesday, March 07, 2001 3:02 AM
To: mattswierkowski@hotmail.com; michellenelson81@hotmail.com;
jaclyn.m@gateway.net; kb_casino4life@hotmail.com; kooljud54@hotmail.com;
pruittm@mindspring.com; lisa_alexander04@hotmail.com;
etializa@email.msn.com; racinjacin23@hotmail.com; Kinky7582@aol.com;
CKeown@BT-Operating.com; monica21481@hotmail.com; jules_jsa@hotmail.com;
christina_belt@hotmail.com; danholdener@hotmail.com;
jakezacharias@hotmail.com; jenneyscherbenske@hotmail.com;
jhawk03@hotmail.com; kel_c107@hotmail.com; mpagel21@hotmail.com;
nicolec96@hotmail.com; Trishpalmca@aol.com; curtis.cavazos@trinity.edu
Subject: Fwd: Your wedding!

>From: "michelle pagel" <mpagel21@hotmail.com>
>To: chris@teligistics.com, boyd@teligistics.com,
>fordhillbillygrl@gateway.net, texjetxier72@earthlink.net,
>Jaclyn.m@gateway.net, shanesampson51@hotmail.com, butterfly_734@yahoo.com,
>abbeyh28@aol.com, buffi20@hotmail.com, stdmlh13@shsu.edu,
>mjr8140@unix.tamu.edu, trashyman69@yahoo.com, shari_srh@yahoo.com,
>sap8@mail.utexas.edu, trob0116@hotmail.com
>Subject: Fwd: Your wedding!
>Date: Thu, 01 Mar 2001 22:18:18
>
>
>
>
>>From: "Barry Sparks" <baerswa@hotmail.com>
>>To: mpagel21@hotmail.com
>>Subject: Your wedding!
>>Date: Mon, 26 Feb 2001 21:50:52
>>

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

 - cj_3456.jpg


Susan just to confirm our conversation this morning. We have the all clear in
respects to load up HDD and CDD products with ENA as the counterparty which
reference temperature readings in Australian cities. The contractual will be
USD. Trading can commence as soon as they can be loaded. Services provided by
Enron Australia to ENA associated with this activity be charged under to ENA
under the EA/ENA  Service Agreement.

I understand from a tax perspective the situation is essentially the same
should  weather readings be for Japanese rather than Australian cities.
However, irrespective of the source of the weather data (Australia, Japan,
USA etc) Jane has advised there is a level of legal due diligence will need
to be conducted if a potential counterparty is incorporated in Japan. This
relates to the ability to enforce a trade through the Japanese legal system,
which would be necessary should the counterparty only have assets in Japan.
In other words the legal issue relates to the place of incorporation/business
of the counterparty not the source of the weather
readings.


I am inquiring about the status of the Oneok Westex Transmission, Inc.
contract that was forwarded to you for your review on October 13, 2000.  I
believe that Stacey Neuweiler wanted you to review this contract before it
was used.  However, Stacey Neuweiler is no longer employed with Enron North
America Corp. and I still have this contract as outstanding to route for
signatures.

Please let me know the status of this contract.

Thank you for your prompt attention in this matter.

Marlene D. Hilliard
3-9167


I went to the Professional Bull Riders competition in big Angelton Sat.
night,  didn't see you there!!    Some great horses.

DP

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


mom said that you needed my phone number.  it is (713)807-1699.


Tiffany:  Per my voice mail, please insert the following language into the
confirms you are preparing for the Citibank transactions:

FOR THE CITIBANK/GARDEN STATE CONFIRMS:

Optional Termination: Either party may, upon sixty (60) days written notice
to the other party, terminate this Transaction by designating to such other
                                                party the termination date
for this Transaction.  In the event a party exercises its right of optional
termination hereunder, the
                                                provisions of Section
6(e)(ii)(2)(B) shall apply to this Transaction for purposes of establishing a
settlement amount.

FOR THE CITIBANK/ENA CONFIRMS:

Optional Termination:  Either party may, upon sixty (60) days written notice
to the other party, terminate this Transaction by designating to such other
                                                party the termination date
for this Transaction.  In the event a party exercises its right of optional
termination hereunder, the
                                                provisions of Section
6(e)(ii)(2)(B) shall apply to this Transaction for purposes of establishing a
settlement amount.

   The foregoing provision for optional termination of this Transaction shall
not be cause for Early Termination under the
                                                Agreement, and provides for
termination of only this Transaction.

Tanya and Rodney:  attached is the side letter


These two deals have Palo Verde delivery point and CAISO energy.

#517814
#517813

Thanks!


Here you go, Kim. I've added a couple more counterparty names to your list,
and made a few minor changes that I thought might clarify the reasoning
behind and origination of these "no confirm" deals. The one counterparty name
I couldn't recall was Bonneville - do you remember who requested that we not
confirm these?

Please let me know if you have any questions on the additions.

Thanks,
Kate

Kimberly Hundl@ENRON
04/17/2001 02:43 PM
To: Sharen Cason/HOU/ECT@ECT, Amy Smith/ENRON@enronXgate, Kate
Symes/PDX/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Melissa Ann
Murphy/HOU/ECT@ECT
cc:

Subject: Not to be confirmed deals

Hi everyone!

I have begun to document all special situations and counterparties that are
exceptions to our "not to be confirmed" rules.  Thus, in the future, when we
need to answer questions regarding why certain deals are unconfirmed, there
will be no confusion about where the directives not to do so originated.

Please review this document carefully.  Go ahead and make any changes that
you'd like -but please change your font color so that I will know which items
you have added.  I will incorporate all of your edits to the master document
and save it to a common drive where it can be accessed and updated whenever
necessary.

If you can think of any additional "not to be confirmed"
exceptions/situations, or more specific details  -please add them.  Please
let me know if you have any questions.

Thanks for your input,
Kimberly Hundl x31647


Email and phone conversation at the same time!


A reminder of what was in the Enron goal presentation and what we did last
year.

---------------------- Forwarded by Rod Hayslett/FGT/Enron on 11/22/2000
11:33 AM ---------------------------
To: Rod Hayslett/FGT/Enron@ENRON
cc:

Subject: Goals

Rod,
Mark asked me to forward the attached files to you.
Terry


you know i almost forgot about our little talk yesterday and the decision i had come to.    and yet here we are making more plans.

you know when i left you yesterday i felt sad.  i had a lump in my throat.

 -----Original Message-----
From: 	Griffith, John
Sent:	Monday, October 29, 2001 2:51 PM
To:	Villarreal, Alexandra
Subject:	RE:

I will try to drive.  Probably not tomorrow, but maybe Wednesday or Thursday.

Could we meet?  I wish I could pick you up, but that would take long.

What time will your cousin bring you to work this week?  I would really like to meet sometime, whether it be in my car or just at work early.

 -----Original Message-----
From: 	Villarreal, Alexandra
Sent:	Monday, October 29, 2001 2:44 PM
To:	Griffith, John
Subject:	RE:

park in the garage.  you can use my tag.

 -----Original Message-----
From: 	Griffith, John
Sent:	Monday, October 29, 2001 2:39 PM
To:	Villarreal, Alexandra
Subject:	RE:

I asked you first.  Are you going to be without your car all week?  That is a bummer.

 -----Original Message-----
From: 	Villarreal, Alexandra
Sent:	Monday, October 29, 2001 2:38 PM
To:	Griffith, John
Subject:	RE:

you tell me a story.

 -----Original Message-----
From: 	Griffith, John
Sent:	Monday, October 29, 2001 2:37 PM
To:	Villarreal, Alexandra
Subject:

Alex tell me a story.


---------------------- Forwarded by Tana Jones/HOU/ECT on 02/14/2000 03:29 PM
---------------------------

	Enron North America Corp.

	From:  Tana Jones                           02/11/2000 03:49 PM

To: Frank L Davis/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT
Subject: Power Financial Trading Limitations

I went through our Lotus Notes Master Swap Agreement Database and determined
that the following masters do not permit power:

The Bakersfield Californian    newprint only
Bayerische Hypo-und Vereinsbank AG   no commodity transactions
CGAS, Inc.      natural gas only (are currently shut down for trading because
authority certificate only covered one trade)
Coastal Gas Marketing Company   natural gas transactions only
Credit Lyonnais New York Branch (AAA Program) no commodity transactions
E.W. Scripps Company (The)    48.8 gram newsprint swaps only
Lehman Brothers Special Financing, Inc.   no commodity transactions.  Weather
is ok
Mellon Bank NA     FX and currency option transactions only
Midland Bank plc     FX and currency option transactions only
National Westminster Bank    FX and currency option transactions only
Palladium Insurance Limited    weather only
Phibro, Inc.      energy price swaps based on fixed and floating prices of
natural gas, crude oil or oil products and/or call        and put options
based on the prices of natural gas, crude oil or oil products

Praxair, Inc.      natural gas only
PXRE Corporation     weather only
St. Paul Re (Bermuda) Ltd.    weather only
Tempest Reinsurance Company Limited  weather only
Westdeutsche Landesbank Gironzentrale  FX and currency option transactions
only


Vail / Beaver Creek PEAKS Lift Ticket Pricing

December 22, 2001 - March 30, 2002
Adult Ticket Type	Lift Ticket Rate at Ticket Window	PEAKS lift ticket rate at the ticket window	14 day advance purchase rate	Buy now and you save
1 Day	$67	n/a	n/a	n/a
2 of 3 Days	$134	n/a	n/a	n/a
3 of 5 Days	$201	$189	$177	$24
4 of 6 Days	$268	$252	$236	$32
5 of 8 Days	$335	$315	$295	$40
6 of 9 Days	$402	$378	$354	$48
7 of 10 Days	$469	$441	$413	$56

 Must be purchased 14 days in advance  Rates subject to change

AS you may not be ski-ing everyday you can save money.  Which one do you want prebooking - I would suggest 4/6 or 5/8 as one day you will be snow mobiling (it doesn't start until 3pm)

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308

<Embedded Picture (Metafile)>


This is a work in Progress.


I would be interested in how to prevent LC's from being paid.

	Julia Murray
	04/24/2001 04:04 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Barbara N
Gray/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT,
Lance Schuler-Legal/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Travis
McCullough/HOU/ECT@ECT
		 cc:
		 Subject: Seminar on Letters of Credit

We are planning to have Foley & Lardner do a presentation for EWS Legal
regarding stand-by and documentary letters of credit sometime within the next
month. If there any specific issues that you would like addressed, please let
me know.  Thanks.  Regards,  Julia

Julia Heintz Murray
Enron Wholesale Services
Enron Industrial Markets LLC
1400 Smith Street, EB3838
Houston, TX  77002
(713) 853-4794
Fax:  (713) 646-3393
julia.murray@enron.com


Thanks Vince.  Congrats also, - it seems overdue in your case!

R

Vince J Kaminski
11/01/2000 15:54
To: Richard Lewis/LON/ECT@ECT
cc:

Subject: Congratulations

Richard,

Congratulations. Well deserved. I am very happy your contribution to the
company has been recognized.

Vince


Amy,
The attached file contains a schedule for 2001 O&M spending for both TW and
NNG remediation sites. The $510,000 requested for the Roswell Station pit
removal is included in this schedule.
Thanks,
George


Dear Mr. LARRY CAMPBELL:

Thank you for your order.

You sold 28 shares of JNPR (Juniper Networks Inc Com) at 164.000000.

ORDER DETAILS:
The tracking number for this order is: B-600-AATR-3150
Order entered at:                      12:12:55 on 12/12/00
Order processing began at:             12:12:56
Order executed at:                     12:13:23 on 12/12/00

ACCOUNT DETAILS:
Time and Date: 12:13:23 on 12/12/00
Your position in JNPR is 0 shares
Your real cash total is $27,089.33

You will receive a printed Datek Online confirmation by postal mail, or by
electronic delivery if you are subscribed to that service.

Questions regarding this transaction? Contact our Customer Support department
by e-mailing support@datek.com. Please reference the order tracking number.


Mary:  We have not tackled this version yet. Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 10/30/2000 10:01 AM -----

	"Franz, Philip" <pfranz@lehman.com>
	10/27/2000 04:36 PM

		 To: "'Clint.Freeland@Enron.com'" <Clint.Freeland@Enron.com>,
"'Sara.Shackleton@Enron.com'" <Sara.Shackleton@Enron.com>
		 cc: "Rosica, Paul" <prosica@lehman.com>, "Karna, Angie" <AKarna@lehman.com>,
"Franz, Philip" <pfranz@lehman.com>
		 Subject: Enron Forward

Clint and Sara,
I have enclosed the revised confirm for your review - one blackline version
and one clean version - per Paul Rosica.

 <<ENRON.forward.10.26.00.blackline.doc>>

 <<ENRON.forward.10.26.00.clean.doc>>

Enjoy your weekend.
Regards,
Phil

Phil Franz
Transaction Management/Equity Derivatives
Lehman Brothers
(212)526-8482
pfranz@lehman.com
> This message is intended only for the personal and confidential use of the
> designated recipient(s) named above.  If you are not the intended
> recipient of this message you are hereby notified that any review,
> dissemination, distribution or copying of this message is strictly
> prohibited.  This communication is for information purposes only and
> should not be regarded as an offer to sell or as a solicitation of an
> offer to buy any financial product, an official confirmation of any
> transaction, or as an official statement of Lehman Brothers Inc., its
> subsidiaries or affiliates.  Email transmission cannot be guaranteed to be
> secure or error-free.  Therefore, we do not represent that this
> information is complete or accurate and it should not be relied upon as
> such.  All information is subject to change without notice.
>

 - ENRON.forward.10.26.00.blackline.doc
 - ENRON.forward.10.26.00.clean.doc


[IMAGE]

   Special Alert :  ICM TELECOMMUNICATIONS   (OTCBB: ICMH)  [IMAGE]  ICM BREAKS THE PRICE BARRIER WITH UNLIMITED USAGE ON ITS FLAT - RATE CALLING CARDS    FORECASTS $83 MILLION FOR 2002  Phoenix-based ICM Telecommunications, Inc. (ICMH-NQB) has broken the price barrier, having just announced and published its unprecedented unlimited Flat Rate Program for home and business.  The industry has just gotten a major "wake-up" call from this little-known Arizona dynamo!    The new Flat Rate Program allows unlimited long distance calls each month within the continental United States, twenty-four hours a day, seven days a week.  The cost for this service, a phenomenal value, is under $45 per month.  Company management is projecting gross sales for the current year 2002 at $83 million, which will be up significantly from 2001 for ICM Telecommunications (ICMH).  Mr. Doug Hamby, CEO of ICM Telecommunications (ICMH), stated, "We are very excited to be able to offer this kind of service.  New software and hardware technologies have come a long way in the past year, which makes it possible to provide a full service, unlimited long-distance program at these rates.  We anticipate very rapid expansion of our program as people take advantage of this money-saving service."   In addition to Mr Hamby, Mr. Dennis Sullivan has recently joined ICM as President and COO (Chief Operating Officer).  His expertise is in creation and implementation of sales and marketing plans, as well as structuring internal operations for acquisition.  Prior to joining ICMH, Sullivan was Senior Sales & Marketing Manager for Bell South Corporation in Honolulu, Hawaii  ICM Telecommunications is a specialized telecommunications company.  ICM's newly announced, unlimited flat rate program for residential and business has an almost unlimited potential for growth.  Utilizing the new flat rate program, the company is diligently pursuing the pre-paid unlimited phone card business, and has projected significant revenues and earnings from this source.  To be removed from future mailings, please reply to this email with "Remove" in the subject line  DISCLAIMER:  Statements contained in this release which are not historical facts may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.  We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance, or expectations expressed or implied by such forward-looking statements.  To be removed from future mailings, please reply to this email with "Remove" in the subject line


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 10/26/2000
08:10 AM ---------------------------

Nikki Johnson@ENRON
10/25/2000 05:15 PM
To: kkjohnson@velocityexp.com, jlhender@ollemail.alief.isd.tenet.edu, Lois
Ford/NA/Enron@ENRON, Tracy Harrison/NA/Enron@Enron, Sharon
Peace/NA/Enron@ENRON, angela.barnett@enron.com, Judy Hernandez/HOU/ECT@ECT,
Eve Puckett/Corp/Enron@ENRON, Judy Walters/HOU/ECT@ECT, Leslie
Smith/HOU/ECT@ECT, Cheryl Johnson/Corp/Enron@Enron, Gloria
Roberson/NA/Enron@Enron
cc:
Subject: FW: A web story from Thelma

---------------------- Forwarded by Nikki Johnson/NA/Enron on 10/25/2000
05:12 PM ---------------------------

Regina Blackshear
10/25/2000 11:43 AM
To: Nikki Johnson/NA/Enron@Enron
cc:

Subject: FW: A web story from Thelma

>PLEASE CLICK HERE
>Enjoy,
>Thelma
>
>
>This story was sent by a friend and not someone from Whoohoo.net.
>
>P.S.
>Thought this was too cute!
>
>
>
Have a great day!!!

Lupe Gill


Per our conversation yesterday, we would like to open the "Other Agreements"
information in the Financial Trading Agreement Database to members of the
Interest Rate and Currency Desk.  If possible, we would also like them to see
the comments screen.  The people who will need access are Laurel Adams,
George Garcia, Sheila Glover, Kelly Templeton, Teresa Brogan.

As usual, we would like to get them access ASAP.  Can you keep me posted on
their access.  Thanks!


Hi how are things there?  We are still in Palacios, having a quiet am.

Love,

Mom
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Dear Vince & Ozzie:

For the Research support of the EAM organization, we were planning till recently for a team of 4 to 5 people for 2002. Over the last four to five months, requests for our support have gone up, primarily for consumption risk, physical options and value-at-risk.

However, given the challenges we are facing now, I would like to reduce the Research staff for EAM to a core team of 3 people with a budget allocation of roughly $750,000. Please note that this includes not only the salaries and bonuses, but also the overhead and other expenses as well. The breakdown of the support levels for individual groups (with agreement from the group heads) is as follows:

EAM Fundamentals (Steve Meyers)	0.4 FTE
		Curve and Model Development Group (Mauricio Quintana)
		Project Valuation Group (Steve Kromer)
DSM Desk	0.6 FTE
		Pricing and Risk Premiums (Ravi Duggirala)
DSM VAR and risk controls (Vladi Gorny)	0.5 FTE
Consumption/SiteProfile Desk (Mallik AVS)	1.25FTE
		Consumption Premium Models
		Support for SiteProfile Issues (load shaping, asset profiling, etc.)
	Other Short Term Requests	0.25FTE
	(Examples from last year: Insurance Model for Rick Jones, Business Assurance data analysis, etc.)

I would really appreciate if both of you can approve or provide your feedback on this.

Thanks,
Krishna
x3-5485.


fyi
----- Forwarded by Susan J Mara/NA/Enron on 11/01/2000 02:19 PM -----

	"Ronald Carroll" <rcarroll@bracepatt.com>
	11/01/2000 02:22 PM

		 To: <jdasovic@enron.com>, <mary.hain@enron.com>, <smara@enron.com>,
<seabron.adamson@frontier-economics.com>, <cfi1@tca-us.com>,
<ellen@tca-us.com>
		 cc:
		 Subject: Fwd: Nov. 1, 2000 DOE Press Release re Clinton/Gore Initiatives to
Assist California

----- Message from "Tracey Bradley" <tbradley@bracepatt.com> on Wed, 01 Nov
2000 15:52:06 -0600 -----
To:	<asettanni@bracepatt.com>, "Charles Ingebretson"
<cingebretson@bracepatt.com>,
<cshoneman@bracepatt.com>,<dwatkiss@bracepatt.com>, <gfoote@bracepatt.com>,
"Gene Godley" <ggodley@bracepatt.com>, <jjava@bracepatt.com>,
<kcurry@bracepatt.com>, "Marc Hebert" <mhebert@bracepatt.com>,
<mhenry@bracepatt.com>, "Paul Fox" <pfox@bracepatt.com>,
<rcarroll@bracepatt.com>, <rrich@bracepatt.com>, <tbradley@bracepatt.com>
cc:	"Nancy Pickover" <npickover@bracepatt.com>
Subject:	Nov. 1, 2000 DOE Press Release re Clinton/Gore Initiatives to Assist
California
Administration Helps Electricity Consumers by Proposing Reliability Standards
and Working to Lower Costs

Clinton/Gore Administration Takes Action to Help Californians

Secretary of Energy Bill Richardson today announced a series of initiatives
that the Clinton/Gore Administration is taking to help California reduce the
strain on their electricity system and protect consumers. Most significantly,
Richardson said the Administration will likely send a proposed rule-making to
the Federal Energy Regulatory Commission (FERC) to establish mandatory
reliability standards for electricity * doing administratively what Congress
failed to accomplish this year.

"California's electricity market has become dysfunctional -- and it's time to
make it right," said Secretary Richardson. "More than once, California was
close to having blackouts rolling throughout the state. In San Diego,
residents and businesses saw their electric bills double almost overnight.
Consumers need an electricity system that is reliable and they should not be
facing this kind of price volatility."

Richardson made the announcement in Sacramento this morning with California
Gov. Gray Davis.

Richardson said the Energy Department will take several initiatives to help
the reliability of California's electricity system and protect consumers from
dramatic price volatility, including:

Establish mandatory reliability standards for electricity * The Energy
Department will seek public comment on a proposed rulemaking that would
require utilities to follow mandatory rules to protect the reliability of the
electric grid in California and elsewhere. The Administration and others have
been pressing Congress to enact these much-needed rules to protect consumers.
The purpose of this rulemaking is to break the impasse in Congress and
authorize establishing the standards necessary to make electricity supplies
more reliable and energy markets more efficient;

Improve California's ability to import power * The Western Area Power
Administration, an Energy Department agency that co-owns a major substation
in Northern California, will provide $2 million to add a second transformer
there. This will help California bring in much-needed power from the Pacific
Northwest;

Provide millions to improve energy efficiency * The department is releasing a
half million dollars in grants to the California Energy Commission to support
programs that will make California buildings, which account for approximately
8 percent of all the energy used in buildings in the U.S., more energy
efficient. In addition to the $3.7 million the Energy Department has provided
the state this year to help weatherize 3,081 lower-income California
households, the department will provide $4.2 million next year to weatherize
homes and help lower the electricity bills of those that can least afford
high prices;

Work to add renewable sources * The department is working with the state and
local governments to help develop the tremendous renewable resources in
California, such as wind, solar, geothermal and biomass. To this end,
Richardson said the department's budget for next year contains $3 million for
wind projects and $5.6 million for geothermal projects in California;

Reduce electricity consumption at key times * Participate, along with
representatives from other federal agencies with facilities in California, in
meetings in Sacramento today to develop a process for reducing electricity
consumption during heat waves; and

Get federal power to California * Continue the work of the department's
Bonneville Power Administration and Western Area Power Administration with
California to get federal power to the state when it is needed the most.
Richardson announced that Bonneville's contract to provide low-cost power to
Bay Area Rapid Transit will continue;

Further cooperation with California * The Energy Department will also form a
partnership with the state of California to ensure that the department's
programs and resources are put to use to help the state with its electric
problems.

Separately today FERC released a report that examines the causes of
California's electricity problems. FERC also issued a proposed order that
will help reduce wholesale electricity prices in California. Richardson urged
the Commission to move quickly to help protect California's citizens and
businesses.

Media Contact: April Kaufman, 202/586-5806

Release No. R-00-283