This is our judge in the Beeson case. I don't like him as a judge but I would
recommend that we gave him $500-1000.
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 07/09/99
05:07 PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  HmlangeTX@aol.com                           07/09/99 03:46 PM

To: Yrnffin1@aol.com
cc:  (bcc: Richard B Sanders/HOU/ECT)
Subject: Judge Scott Link Campaign

July 9, 1999

Dear Friend,
 You are cordially invited to attend a fundraising reception for Judge
Scott Link on Tuesday, September 21, 1999, from 5:30 to 7:30 p.m. at
Brennan's Restaurant, 3300 Smith.
 We hope you will join us by serving on the Host Committee of this
reception as a $2,500 Underwriter, $1,000 Patron, $500 Sponsor or $250
Friend.  Host Committee levels will receive special recognition on the
invitation and at the reception.  Below is a reply card for your convenience.
 Please let us hear from you in the near future as the printing
deadline for the invitation is approaching.  If you have any questions
regarding this event, please contact Heidi Lange at 713-681-1996 or via
e-mail at HmlangeTX@AOL.COM.
 We look forward to seeing you at the fundraiser, and appreciate your
support of Judge Link.

Sincerely,

Wayne Fisher   Warren W. Harris   Alice
Oliver-Parrott

Joe H. Reynolds  Paul E. Stallings   Holly
Williamson
------------------------------------------------------------------------------
---------------------------------------------
Judge Scott Link Campaign

  ___ $2,500  Underwriter  ___ $1,000  Patron
  ___ $500  Sponsor   ___ $250  Friend

Name: __________________________________________________

Address: ________________________________________________

________________________________________________________

Phone: ______________________ Fax: _______________________

E-mail: ________________________________________________

Occupation: _____________________________________________

Employer: _______________________________________________

Is this a law firm? __ Yes __ No

Additionally, the Texas election law requires us to ask the following
information:

Spouse: ________________________________________________________

Spouse's Occupation: _____________________________________________

Spouse's Employer: ______________________________________________
Is this a law firm? __ Yes __ No

A contribution by the spouse or child of an individual is considered to be a
contribution by the individual. If contributor is a minor, please complete
the information below.

Parent/Guardian's Name: ____________________________________________
Parent/Guardian's Occupation: ________________________________________
Parent/Guardian's Employer: _________________________________________
Is this a law firm? __ Yes __ No

Contributions are not tax deductible as charitable contributions for federal
income tax purposes.

Corporate contributions are prohibited by state law. Under the new law, a
member of a law firm is any lawyer or other employee of the firm.

The $30,000 contribution limit placed on all contributions from members of a
firm includes contributions by their spouses and children.

Please make checks payable to
Judge Scott Link Campaign
710 N. Post Oak Rd., Suite 107
Houston, TX  77024

For more info call Heidi M. Lange at 713-681-1996 or via fax 713-681-8402.

pol. adv. pd. for by Judge Scott Link Campaign, 710 N. Post Oak, Ste 107
Houston, TX  77024


Below is the exact wording of the recommendations in the Cheney energy report
released today as the recommendations relate to electricity issues.

"The NEPD Group recommends that the President direct the Secretary of Energy
to propose comprehensive electricity legislation that promotes competition,
protects consumers, enhances reliability, promotes renewable energy, improves
efficiency, repeals the Public Utility Holding Company Act, and reforms the
Public Utility Regulatory Policies Act."

"The NEPD Group recommends that the President encourage FERC to use its
existing statutory authority to promote competition and encourage investment
in transmission facilities."

More details to follow.  We expect to have the full report document shortly.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/27/2000
07:26 AM ---------------------------

"NW on Application Service Providers" <ApplicationService@bdcimail.com> on
04/27/2000 03:30:09 AM
Please respond to "Application Service Providers Help"
<NWReplies@bellevue.com>
To: <vkamins@enron.com>
cc:
Subject: Get ready for virtual businesses

NETWORK WORLD FUSION FOCUS: MIKE JUDE and NANCY MEACHIM
on APPLICATION SERVICE PROVIDERS
Today's focus: Get ready for virtual businesses
04/26/00

Dear Wincenty Kaminski,

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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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Today's focus: Get ready for virtual businesses
---------------------------------------------
By Mike Jude and Nancy Meachim

The ASP model as it is currently formulated is not really viable in the
long run.

Though hosting applications has opened a world of possibilities and
cost savings for end users, application service providers who simply
host applications don,t have much to offer. They also have the problem
of being the customer contact. If the network fails and customers can,t
access an application, they blame their ASP, not the network provider.

For these reasons, many ASPs are expanding to offer more value, such as
delivering network services along with their applications. Enterprise
Management Associates advocates this approach - but looking to the
future, as analysts are supposed to do, we see a much longer value
chain. Providing other services along with applications is one step up,
but beyond that, we see a huge potential in the virtual space ASPs have
created.

We are already beginning to see pioneering companies exploring the
possibilities. For example, Minnesota company Agiliti is building an
online suite of applications with a consistent front end. This
coordinated suite of business applications is accessed through third-
party partners who provide customer care and support. The value that
Agiliti offers is the integration and maintenance for a complete,
business-enabling software infrastructure. In a sense, this is an
online corporate back office.

As ASPs evolve into full-service providers, more of them will offer
service and support combinations similar to Agiliti,s. But what about
the front end of the business, the product development side of things?
We,ve found one ASP that has evolved quickly to become a full-service,
front-end infrastructure provider, offering product development,
fabrication and prototyping.

Toolwire, a Silicon Valley start-up, provides a complete, integrated
tool set for electrical engineers. This tool set incorporates state-of-
the-art design and fabrication software, as well as online information
and training in the latest tools and support from various electronic
suppliers and fabricators. Toolwire,s vision is to provide a virtual
space where engineers worldwide can collaborate on the design of
advanced electronic devices. Through an extensive partner network,
Toolwire provides not only tools but also collaborative space,
processing power, training and supplier support. In a nutshell, the
company sells a virtual corporation to any entrepreneur with a good
idea. Ultimately, Toolwire expects to expand to incorporate the supply-
and-distribution chain through its site as well.

As e-commerce speeds up, a significant advantage is gained by reducing
the latency involved in delivering new products to market. In the area
of electronics, latency is often due to the acquisition of new tools to
facilitate the design process. Toolwire,s approach dramatically reduces
latency for start-ups by eliminating the need to invest in highly
volatile and very expensive design tool sets. Likewise, Agiliti reduces
latency by off-loading the IT infrastructure support from an enterprise.

Breaking new ground, of course, carries with it the problem of
definition. What do you call this new virtual workplace, which combines
all the necessary tools to design, produce, market and deliver a
product without the need for any physical infrastructure? (Agiliti and
Toolwire haven,t reached this goal yet, but it is within their sights.)
The label we,ve come up with is &virtual business service provider.8
This entity transcends the full-service ASP by not only providing
access to the services and applications a company needs but also
actually providing the entire company itself.

Companies like Agiliti and Toolwire are commodifying the enterprise.
The day is coming, very shortly, when an entrepreneur with a good idea
will be able to sit down at a terminal; design a product; ship the
specs to a fabricator; order components; plug into the appropriate
accounting, billing and inventory systems; line up distribution
channels, sales and marketing resources; and obtain financing. And the
entrepreneur will be able to do all that without touching anything more
physical than a keyboard.

Welcome to the business in a box!

To contact Mike Jude and Nancy Meachim:
---------------------------------------
Senior consultant Michael Jude and research director Nancy Meachim are
with Enterprise Management Associates in Boulder, Colo.,
(http://www.enterprisemanagement.com), a leading analyst and market
research firm focusing exclusively on all aspects of enterprise
management. Jude has over 18 years of experience in the
telecommunications industry, most recently with US West, where he was a
manager of public policy. Mike can be reached at
mailto:jude@enterprisemanagement.com. Meachim focuses on e-business
management. She is currently conducting a research study on ASP
management that is due to be released in April. Nancy's email address
is mailto:meachim@enterprisemanagement.com.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FOR RELATED LINKS -- Click here for Network World's home page:
http://www.nwfusion.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Agiliti:
http://www.agiliti.com/

Toolwire:
http://www.toolwire.com/

Agiliti turns to resellers for new ASP service, Network World, 03/24/00
http://www.nwfusion.com/news/2000/0324agiliti.html

Archive of Network World Fusion Focus on ASPs newsletters:
http://www.nwfusion.com/newsletters/asp/

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Copyright Network World, Inc., 2000


Correct Numbers:

Teco Tap       31.876 / HPL Gas Daily ;  44.374 / HPL IFERC

                    20.000 / Enron @ Teco Tap

LS HPL LSK IC            20.000 / Enron

Previous Numbers:

Teco Tap       76.250 / HPL IFERC ; 20.000 / Enron

LS HPL LSK IC       20.000 / Enron


Hello Matt Motley,

Global Energy - This report provides a detailed analysis of:
* Calpine
* Dynegy
* Entergy
* Mirant
* TXU
* Williams

We also present an overview of the U.S. Supreme Court's recent decision in favor of the Federal Energy Regulatory Commission and the impact on Merchant Energy Providers.

To download this report Click here <http://www.reedwasden.com/members/download.asp?ID=140&email=matt.motley@enron.com>.
If a link does not appear above please copy the url between the '[' and ']' below and paste it into your browser.
[ http://www.reedwasden.com/members/download.asp?ID=140&email=matt.motley@enron.com ]
Please make sure that your email address is at the end of the url.

Thank you,
The Sector Reports Team

As always, we welcome any feedback on our research including questions and opinions.
To be removed from this mailing, click here <http://www.reedwasden.com/unsubscribe.asp?email=matt.motley@enron.com&pubid=2> or reply to this email with 'UNSUBSCRIBE-Sector Reports' in the subject field.


Louise,

Thank you for the below email.  It is good to clear up the confusion
regarding this process.  At the end of the email you ask for our comments on
the ROETA execution process.

We would prefer that the ROETA be executed off-line.  It is on that basis
that we have sought the opinion of overseas counsel.  That said, you may
form the view that online execution of the ROETA is no different to the
operation of a website with a hotlinked disclaimer.  On that basis you may
decide to execute the ROETA online.  We have some concerns regarding
security issues because of the distribution of a password without a
supporting agreement, however, you may form the view that this is a minor
risk.

If you have any other questions, please do not hesitate contact me.

Regards

Timothy Hughes
Clifford Chance
200 Aldersgate St
EC1A 4JJ London UK
+44 171 282 7046 (direct)
+44 171 600 1000 (switch)
+44 171 600 5555 (fax)
timothy.hughes@cliffordchance.com

> -----Original Message-----
> From: lkitchen@enron.co.uk [SMTP:lkitchen@enron.co.uk]
> Sent: Monday, July 05, 1999 6:23 PM
> To: Elena Kapralova; Rahil Jafry; dport@enron.co.uk; Mark Dilworth;
> pgoddard@enron.co.uk; jboyd@enron.co.uk; jjuggins@enron.co.uk; Mark - ECT
> Legal Taylor; Jay Webb; Robert Campbell;
> Timothy.Hughes@cliffordchance.com; Andrew.Wilkinson@cliffordchance.com;
> ssefton@enron.co.uk; Edmund Cooper; David G Mally
> Subject: Registration Process Questions
>
>
>
> Let's be clear about all of the confusion which took place last week on
> how to
> register,  this is what we are doing.  Any comments or problems please
> reply.  I
> have tried to address everyone's points (see end of email).
>
> 1.   Current Customers
>
> We are going to pre-register a large number of customers prior to the
> launch.
> These customers will not  receive any documentation from us apart from the
> one
> page application form (Password Application) and a nice glossy marketing
> brochure.
>
> They will not be asked to fill in any form of registration documentation.
> All
> of the approvals should be done internally as we already trade with these
> people.
>
> Procedure
> 1.   A list of customers to be pre-registered is compiled.
> 2.   Sign off on the list is obtained from Tax, Credit, Legal etc.
> 3.   The customer receives from Enron a Password Application Form (postal)
> and a
> marketing brochure (this will be very glossy with only high level details
> nothing specific to the customer but will outline the registration process
> (to
> include whether to send to UK os   US office).  The PA will be specific to
> each
> country and therefore we should be able to send out the specific PA to
> each
> counterparty.
> 4.   The customer signs the document (Password Application) and returns to
> Enron.
> 5.   Enron dispatches the System Administrator password and login.
> 6.   The customer logs in and the immediately is greeted with the ETA (as
> loaded
> for the specific counterparty profile which will be based on the country
> of
> origin of the customer).  The ETA must be printable and the customer will
> scroll
> through the document to the end where he has the choice of either "I
> accept" or
> "I do not accept" (with no default on enter).  This ETA must be printable.
> 7.   The customer then enters the site and transacts.  If the customer is
> transacting under a master then the GTC for a particular product will not
> need
> to be accepted, if the customer is dealing without a master then any
> person
> using the administrator password or any of its subsidiary passwords can
> accept
> the GTC (it only needs to be accepted once by any one person under this SA
> password).  The system will need to be loaded with the information as to
> whether
> a counterparty requires GTC or not for each commodity/product type.
>
> Elena's questions
> Q:   Will PA be available as well as ETA for viewing and printing in the
> "House"?  No only in the garden.  PA and ETA for all jurisdictions will be
> available and printable in the garden (drop down box would be my
> suggestion).
>
> 2.   New Customers
>
> There are two alternative routes possible.
>
> Procedure 1: Off Line Registration
>
>    Potential Customer will e-mail, phone to express their willingness to
> trade
>    online, i.e. get the ID and Password
>    Enron will mail Registration Pack to the Potential Customer with PA for
>    appropriate jurisdiction.
>    Customer will fill in Registration Form, sign PA and mail it back to
> Enron
>    If the customer is approved for Online Trading by Enron, it will
> receive the
>    system administrator login and password.
>    The customer logs in and the immediately is greeted with the ETA (as
> loaded
>    for the specific counterparty profile which will be based on the
> country of
>    origin of the customer).  The ETA must be printable and the customer
> will
>    scroll through the document to the end where he has the choice of
> either "I
>    accept" or "I do not accept" (with no default on enter).  This ETA must
> be
>    printable.
>    The customer then enters the site and transacts.The customer is
> transacting
>    GTCs for all  products and   any person using the administrator
> password or
>    any of its subsidiary passwords can accept the GTC (it only needs to be
>    accepted once by any one person under this SA password).
>
>
> Procedure Two:  Partial OnLine Registration
>    Registration Pack including PAs for all jurisdictions will be available
> in
>    the Garden
>    Customer has to chose (drop down box) which jurisdiction he is in,
> print out
>    appropriate Registration Form and PA,  fill in Registration Form, sign
> PA and
>    mail it to Enron
>    Customer will fill in Registration Form, sign PA and mail it back to
> Enron
>    If the customer is approved for Online Trading by Enron, it will
> receive the
>    system administrator login and password.
>    The customer logs in and the immediately is greeted with the ETA (as
> loaded
>    for the specific counterparty profile which will be based on the
> country of
>    origin of the customer).  The ETA must be printable and the customer
> will
>    scroll through the document to the end where he has the choice of
> either "I
>    accept" or "I do not accept" (with no default on enter).  This ETA must
> be
>    printable.
>    The customer then enters the site and transacts.The customer is
> transacting
>    GTCs for all  products and   any person using the administrator
> password or
>    any of its subsidiary passwords can accept the GTC (it only needs to be
>    accepted once by any one person under this SA password).
>
> The Registration Form is currently in draft form and I attach below but
> clearly
> Janine may want to add more on her side.
>
> Elena's questions
> Q:   1) Alternative 1 or 2? Both
>      2) In the Garden there must be a sentence (to be drafted by CC) to
> inform
> potential customers that there request for access may not be granted.  YES
> - In
> the  garden there must be a phrase that any access may not be granted and
> that
> it is solely on our discretion (this is not just for Read Only its for all
> applications)
>      3) Should all ETAs and PAs be available and printable in the Garden?
> CC
> prefers them to be available...YES
>
> 3.   Read Only Customers
>
> If a customer / counterparty does not respond by signing our PA and
> therefore
> has not access to the site and we are very keen for them to be a trading
> counterparty over the Internet we want a way of showing them what they are
> missing.  So we will be sending them a password and login for read only
> access.
> We could also send out to bodies like regulators or brokers etc but that
> will be
> up to the traders - any counterparties wanting access like this would
> apply
> through th eroute outlined above for new counterparties and we would
> authorise
> readonly access.  We will no be advertising read only access as available.
>
> They will be able to enter the site for a period for time (Enron needs to
> be
> capable of setting system limits to the amount of time a
> customer/counterparty
> is given read-only access for) unable to transact but view only.
>
> Procedure
> 1.   Either, Enron monitors the list of counterparties having registered
> against
> the full counterparty list and notes that specific counterparty has not
> registered.  The trading desk with primary trading contact with such
> counterparty is contacted and asked if they would like to offer read only
> access
> for a period of time.
> or,   a trader applies to the Online Product Control group for read only
> access
> for one of his customers.
> 2.   The Product Control Group will issue a password/login which will be
> time
> dated (only valid for a certain period).
> 3.   The counterparty will login and immediately greeted by a Read Only
> ETA  -
> these are to be country specific.
> 4.   The counterparty must accept the Read Only ETA online before entering
> the
> site where he has been given READ ONLY access.
> 5.   Under this scenario there is only one password and no capability of
> creating any further passwords (not like a system administrator password).
> 6.   When the password expires they will need a prompt box indicating how
> they
> should register to continue seeing prices.
>
> Elena's issues
> 1) Should Read Only ETA be printable and where? YES - should be printable
> when
> it appears on screen at login (no need for it to be in the garden)
> 2) What limitations will be imposed on the Guest User, i.e. one log in
> session,
> limited time etc. - This decision has to be made in order for CC to put an
> appropriate language into the Read Only ETA. Read Only ETAs for all
> jurisdictions have to be finalised by July 7th. Needs to be flexible
> although
> one password has no capability of creating further passwords, but the
> period of
> time they are allowed access will depend on each trader.  Some customers
> may be
> allowed in for one day others for one month.
> 3) In the Garden there must be a sentence (to be drafted by CC) to inform
> potential Guest User that his request for Read Only access may not be
> granted.
> We will not be advertising this facility and it will therefore not be
> mentioned
> in the garden.  The only phrase in the garden refers to customers who
> apply for
> a password may not get access (see above).
> 4) Is Read Only ETA accepted online or it should be signed and mailed back
> to
> Enron as a hard copy? The latest agreed was that it will be signed off
> line, but
> accepting it online should work as well, and seems to be a cleaner
> way...No this
> will be signed/clicked online just like the ETAs.
>
> Mark's comments
>    System administrator will not be a trader as far as the system is
> concerned.
>    If they are in reality that is none of our concern.  Agreed - we need
> to
>    change the name of System Administrator to Trader Administrator
>    ETA acceptance process - we have legal confirmation of your comment? I
> would
>    expect that all users that trade on the system should read and accept
> it
>    (which I think is where Bob is coming from). Only one person per System
>    Administration Password / Trader Adminstrator password accepts the ETA.
>
> Guest only users
> This concept was raised to us for the first time yesterday - and I have
> some
> process queries on it. See above.
> How do we separate/ identify the applications? See above.
> What will be the process for upgrading users f they successfully apply for
> full
> rights?  They need to receive a notice when their password expires which
> prompts
> them to follow the application process.
>
> 2 other queries     -
> Why do they need an ETA when they will not be allowed to trade
> electronically?
> Need a Read Only ETA - see document for further understanding
> Limitations to be imposed - where is this being coded and who by? There
> will be
> a timetable impact. This is not new and therefore isn't
>
> Bob's comments
>
> 1. Existing Enron Customers (approx 2,000)
>    The first person from the customer's company logging Online has to
> accept
>    ETA. After that ETA has to be available for viewing and printing for
> all
>    other users.
> The first person logging on will always be the Administrator (to set up
> his
> users) so how can a probable non-trading user accept ETAs for his traders?
> Probably will be a trader - change the password to TRADER ADMINISTRATOR
> PASSWORD/ MASTER TRADING PASSWORD
>
> 3. Unknown Customers (currently not trading with Enron) willing to get
> Trading
> Access
> Alternative 1 most closely mirrors what we're doing for our existing
> customer
> base and so the procedures will already be in place for EOL Product
> Control /
> System Admin to run this. If the marketing pack mailing method is utilised
> we
> cut down on extra effort in a number of areas (marketing pack will be
> signed off
> by legal, business processes already there, no extra development effort,
> single
> point of reference).
> The marketing pack is a glossy brochure advertising our site within it
> there
> will be the registration form, I think we do both alternatives.
>
> Tim's comments
>
>      The process you have described is as I understood things, except
> that for Guest Users ( also referred to as Read Only Users - Regulators,
> Lawyers, Brokers, Potential Traders etc).  As we discussed on Wednesday
> and
> as Andrew mentioned yesterday, I understood the process to be as follows:
>
>      The Guest will phone or sent e-mail (possibly fill in a form online,
> that will be automatically e-mailed) to Enron System Administrator.
> Customers will provide info on their name, e-mail address, mailing
> address,
> country of incorporation  etc.   If Enron approves the customer as a Guest
> user, the System Administrator will  e-mail/fax to the Guest the Read Only
> ETA.  The Guest will execute the Read only ETA in hard copy and return it
> to
> Enron (by fax or post).  Enron will then issue a Guest ID and Password.
> The
> Read Only ETA will be available on the website as a reminder to the Guest.
> This will not be in hard copy it will be online, see above we are not
> going to
> advertise this read only capability.
>
> OK?
>
> Louise
>

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

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information may be subject to legal professional or other privilege or may
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must not be disclosed to any person without our authority.
If you are not the intended recipient, or a person responsible for delivering
it to the intended recipient, you are not authorised to and must not
disclose, copy, distribute, or retain this message or any part of it.


---------------------- Forwarded by Andrew H Lewis/HOU/ECT on 03/26/2001 01:21 PM ---------------------------

Hunter S Shively
03/26/2001 10:44 AM
To:	Andrew H Lewis/HOU/ECT@ECT
cc:
Subject:	Western Frontier

---------------------- Forwarded by Hunter S Shively/HOU/ECT on 03/26/2001 10:44 AM ---------------------------

Chris Meyer
03/20/2001 12:54 PM
To:	Bryant Frihart/ENRON@enronXgate, Lynn Pikofsky/Corp/Enron@ENRON, Laura Luce/Corp/Enron@Enron, Deirdre McCaffrey/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Mark Whitt/NA/Enron@Enron, Julie A Gomez/HOU/ECT@ECT, Stephanie Miller/Corp/Enron@ENRON
cc:	Michael J Legler/NA/Enron@Enron
Subject:	Western Frontier

This is one of the presentations at the Williams Customer trip Bryant and I attended in KS.  It covers a proposed greenfield pipe known as Western Frontier (Cheyne Hub to WIlliam Central's Hugoton (KS) station).

"Elliott, Mark" <Mark.D.Elliott@Williams.com> on 03/20/2001 10:26:23 AM
To:	"'chris.meyer@enron.com'" <chris.meyer@enron.com>
cc:	"Sanders, Dale T." <Dale.T.Sanders@Williams.com>, "King, Donny W (WGP SouthCentral)" <Donny.W.King@Williams.com>
Subject:	Western Frontier Presentation and Breakfast

 - 2001 WFP Presentation pdf version.pdf


Please overnight a new ISDA draft to this customer.

thanks
brant


If we are still talking about 6-1, any time after 1 should work for me, as
I've got a meeting that ends at 11:30 downtown.  How long does it take to
drive to Katy at noon???  About 3 hours?  DF

"Peldner, Patrick" <PPeldner@utilicorp.com> on 05/18/2000 12:11:41 PM
To: "Hooker, David" <DHooker@UtiliCorp.com>, "'Drew.Fossum@enron.com'"
<Drew.Fossum@enron.com>
cc: "'dhill@wrf.com'" <dhill@wrf.com>

Subject: RE: Golf

That's the Norman course. Why don't you make a tee time.

Pat

> -----Original Message-----
> From: Hooker, David
> Sent: Wednesday, May 17, 2000 6:43 AM
> To: Peldner, Patrick; 'Drew.Fossum@enron.com'
> Cc: 'dhill@wrf.com'
> Subject: RE: Golf
>
> How about Mr. Norman's course?
>
>  -----Original Message-----
>  From: Peldner, Patrick
>  Sent: Tuesday, May 16, 2000 5:04 PM
>  To: 'Drew.Fossum@enron.com'; Hooker, David
>  Cc: Peldner, Patrick; dhill@wrf.com
>  Subject: RE: Golf
>
>  Its always what David wants to do. At least let's play somewhere
> nice. How about Meadowbrook farms?
>  Scratch Friday AM.
>
>  Does your friend have e-mail Drew? Or is he in court suing someone!
>
>  Pat
>
>   -----Original Message-----
>   From: Drew.Fossum@enron.com [SMTP:Drew.Fossum@enron.com]
>   Sent: Tuesday, May 16, 2000 3:45 PM
>   To: Hooker, David
>   Cc: 'Drew.Fossum@enron.com'; Peldner, Patrick;
> dhill@wrf.com
>   Subject: RE: Golf
>
>
>   Thanks for the offer!  Lets see when we get this event
> scheduled and I may
>   be able to take you up on it.  Looks like you Utilicorp guys
> need to get
>   coordinated or I may have to play golf twice.  That would be
> brutal.  DF
>
>
>
>
>   "Hooker, David" <DHooker@UtiliCorp.com> on 05/16/2000
> 02:53:49 PM
>
>   To:   "'Drew.Fossum@enron.com'" <Drew.Fossum@enron.com>,
> "Peldner, Patrick"
>         <PPeldner@utilicorp.com>
>   cc:   dhill@wrf.com
>
>   Subject:  RE: Golf
>
>
>   afternoon of June 1 works great with me.  I've "inked" you
> in.  Drewski,
>   plan to stay at the house that evening as well.  same for
> you David Hill if
>   you can make it.
>
>   no, but would love to here the story.
>
>   > -----Original Message-----
>   > From:   Drew.Fossum@enron.com [SMTP:Drew.Fossum@enron.com]
>   > Sent:   Tuesday, May 16, 2000 2:21 PM
>   > To:     DHooker@UtiliCorp.com; PPeldner@UtiliCorp.com
>   > Cc:     dhill@wrf.com
>   > Subject:     Golf
>   >
>   > How about Thursday or Friday, June 1 or 2 for a round of
> golf?  I'm in
>   HOU
>   > all wk and the end of the wk looks pretty light.  I'd be
> happy to venture
>   > out west to your Katy/San Antonio nick of the woods if you
> guys are
>   > available.  Hill, are you gonna be in Houston around then?
> If so, can
>   you
>   > sneak the clubs past your wife?  Please advise.  DF
>   >
>   > PS:  I met with Paul Bieniawski and his new storage group
> today.  Do you
>   > guys know how he parted terms with the Frogs?
>
>
>


We have modified this spreadsheet a bit.  Please let me know what you think.
Note that these are all sales by EES and EEMC; volumes are Sep 00 through end
of contract term for each account.  We are tracking down whether there are
any non-EPMI purchases by EES.

Dennis and Jerald--please confirm accuracy.  MDS
---------------------- Forwarded by Mike D Smith/HOU/EES on 10/27/2000 12:20
PM ---------------------------

Allison McHenry
10/27/2000 12:00 PM

To: Mike D Smith/HOU/EES@EES
cc:
Subject: Updated Excel Chart

Attached is the updated chart re the CA subpoena. Please let me know if I can
do anything else.


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Pat, thanks for your comments.  I agree 100%.  Michelle

PS.  My friend who is a photographer is doing a show in Dallas this week.  I
suspect that we'll see info on his web site pretty soon.

FMackin@aol.com on 11/03/2000 10:15:19 AM
To: Michelle.Cash@enron.com
cc:
Subject: Re: Project Triple Lutz -- HR Issues with Bidder D

Michelle,

It looks like there are a lot of deal issues to be negotiated.  You have a
good hand on the legal issues for the employment matters.  If a form of
indemnity is required, make it very broad to cover all risks, including, but
not limited to, selection, unlawful discrimination and for permitting
tortuous interference with employment.

I assume that you have received my November 1 memo regarding Bidder D.
Redlined SPA.

I listened in on the labor relations call yesterday, but there didn't seem to
be anything for me to comment on.  I do have one observation about the call.
While I don't know anything about the transaction, the conversation about
employment and benefits would have been facilitated if Enron had previously
submitted a written schedule of all of the documents and information Enron
required in completing its due diligence review, and used that written
schedule to make reference to the data that has not yet been received.

Enron should not let the other side's data schedule or lack of a complete
schedule control Enron's due diligence agenda.  Enron should know in advance
what information it wants and use a check off sheet to manage the due
diligence process.  That way, the other side will better understand what
Enron expectations are.

I use this kind of data management tool all of the time and it is very
helpful to be able to refer to when it was presented to the other side, how
long they have had it and what items are still missing.

I heard nothing like that in the conference call yesterday.  It was though
people were thinking of things as the conversation went along.

Pat


Start Date: 12/14/01; HourAhead hour: 14;  HourAhead schedule download failed. Manual intervention required.


Thanks.  Bought Travelocity.com.  I had some extra cash sitting around in my
401K.

DG


---------------------- Forwarded by Kayne Coulter/HOU/ECT on 04/25/2001 03:21
PM ---------------------------

Rhonda L Denton
04/25/2001 03:11 PM
To: Miguel L Garcia/NA/Enron@ENRON, Mauricio Trejo/Enron@EnronXGate, Rudy
Acevedo/HOU/ECT@ECT
cc: Kayne Coulter/HOU/ECT@ECT
Subject: Incorrectly booked deals

Please change the following deals to the correct counterparty
NRG Power Marketing Inc.  Please do not pick NRG Energy Inc.   This CP is for
swaps only.  Power Marketing is for physical power.   Please Please Please
select the correct CP.

589885
591068
591123


Let Maggie know.
I love you.
-----Original Message-----
From: Cyber City Software [mailto:sales@cybercitysoftware.com]
Sent: Sunday, August 12, 2001 6:11 PM
To: steven kean
Subject: order cybercitysoftware-5260 from Cyber City Software

Most orders are shipped within 48 hours from the time that the order is received so your order should arrive to you within 4-7 days if you are in the United States (there is no way to determine the travel time of any package outside of the U.S.)

If your package has not reached you within 4-7 days plesae contact us at sales@cybercitysoftware.com and ask.  Thank you.

You can always see your order by going to
http://order.store.yahoo.com/OS/stat?cybercitysoftware+5260+7d2510cab6a148dcb2fb

Date                          Sun Aug 12 16:10:51 PDT 2001
Ship to                       steven kean
                              3631 meadowlake
                              houston TX 77027
                              US United States
                              713-621-6559
Bill to                       Same
Where did you hear about us?
E-Mail                        skean@enron.com (emailed)
Via                           USPS or UPS for orders over 3 lbs.
Payment                       MasterCard

Name    Code       Qty   Each  Options
----------------------------------------
Dogz 4  C769         1  11.99
              Subtotal  11.99
              Shipping   4.99
                   Tax   0.00
                 Total  16.98


Folks:  Let me know if this captures the results of the conversation on
Friday.

Best,
Jeff
******************************************************************************
*********************************************
Basics of Proposal
Something akin to the MOU (that adequately addresses the solvency issue, for
the IOUs, the State and QFs), but WITHOUT the transmission component
Direct Access for ALL customers, transitioning to a core/noncore market
structure in 18-24 months (this can be accomplished without stranding CDWR's
contracts)
Concessions
 -IOUs (MOU modifications)
 -Generators (past due amounts)
 -investigations
Package to finance the deal (bond issuance backed by rate increases to permit
securitization)

Message
This is the last best chance to achieve a comprehensive settlement
We have developed a comprehensive solution and are meeting with everyone that
will see us.
We have thus far received positive feedback on and a willingness to work with
our proposal
We intend to work tirelelessly to gain support for a total solution---it's
vital, and time's running out

Media Strategy---Karen Denne

Corporate leader strategy---Karen Denne

Meetings with legislators in Sacramento---Sandi McCubbin

WPTF, IEP, ARM---Sue Mara

Large customers---Jeff Dasovich


Fri, 18 Aug 2000 14:13:09

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pls set up an hour on this sometime tomorrow am if possible.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 08/28/2000
11:56 AM ---------------------------

	From:  Drew Fossum                           08/28/2000 11:55 AM

To: Tony Pryor/ET&S/Enron@ENRON
cc: Susan Scott/ET&S/Enron@ENRON

Subject: ET&S Hedged and Open Positions/Financial Exposure Positions

Interesting.  I remember vaguely that we had some concern with how VAR was
calculated.  I recall that Dave Neubauer didn't think that we were doing it
right for TW.  Do you remember this issue?  If so, does this change address
the same issue?  Also, I'll line up a meeting today or tomorrow on  the TW
options filing in general, and we can discuss the customer meeting and also
touch on this internal controls issue.  Thanks  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 08/28/2000
11:18 AM ---------------------------

Debbie Moseley
08/25/2000 04:05 PM
To: Bob Chandler/ET&S/Enron@ENRON, Paul Cherry/GPGFIN/Enron@ENRON, Bill
Cordes/ET&S/Enron@ENRON, John Dushinske/ET&S/Enron@ENRON, Dan
Fancler/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON, Steve Gilbert/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Carolyn
Henry/ET&S/Enron@ENRON, Stanley Horton/Corp/Enron@Enron, Mike
McGowan/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Heather
Mueck/AA/Corp/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Tony
Pryor/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Ray
Stelly/ET&S/Enron@ENRON
cc:

Subject: ET&S Hedged and Open Positions/Financial Exposure Positions

Please Note:

The Corporate Risk Management Department prepares ET&S's Value at Risk
calculation.  They recently completed a review of our historical experience
and correlation on our hedged positions.  Based on this review, we have
agreed to increase the correlation to .90.  This change has caused the V@R to
decrease significantly to more appropriately reflect the risk in our
positions.  We will continue to work with Risk Management to assure that our
exposures are being appropriately reflected in the V@R calculation.

If there are any question regarding the V@R calculation, please contact Dan
Fancler or Bob Chandler.


Hey, how was the weekend?  Did you at least catch up a little on your rest?
You had one heck of a week but then again I guess that is just old hat for
you.  We had a good time on Saturday.  It is always fun to be on sixth
street close to halloween, even more freaks come out.

OK enough stalling.  I just thought something needed to be said about
wednesday.  We could just go on and act like nothing happened and probably
never see or talk to one another ever again.  I don't like that solution.
My personality is to go with the flow but by doing this you sometimes miss
out on opportunities.  So the traditional me would say it was just one night
and didn't really mean anything, which could possibly be true.  One thing
that I learned from you is that you have to take chances and don't be
intimidated.  You have a very strong personality and I can see where
somebody could easily be intimidated.  Along with that comes someone who is
smart, attractive, outgoing, and somebody who can fit in anywhere, whether
your at the local honky-tonk or at some gala.  The one thing I know about
you is that your going to be successful and I don't mean in the monetary way
because I know that isn't high on the priority list.  I also know that if I
would have never left the company then I probably wouldn't be sitting here
writing this email.

When I was thinking about leaving I didn't think it was going to be that
hard.  I really didn't like the way my life was going and I knew I needed a
change.  Then I sit back and think of all the things I'm going to miss.
People bad talk risk all the time, with the long hours and little respect
you sometimes get it is understandable.  The thing I'm going to miss the
most are all the friendships I have built working in that group.  Sometimes
the toughest times are when you really get to know someone.  But the hardest
thing now is that I will not be around you.  I know that sounds really bad
but the honest truth is I have liked you ever since we started sitting next
to each other.  We had this chemistry and it made the job a little easier
knowing you were there.  I really think the best times I had in Houston were
those couple of weeks we went out after work to have a few drinks.  I also
knew that since we worked together that it probably wasn't the best thing to
get involved.  I really regret that decision right about now.

Alright I guess I have said a lot of sappy stuff and you should know that
I'm not usually like this, which is probably why I didn't call you to share
this info.  I do think some things need to be said or else the other person
will never know.  You are a great person and even though the chips are
stacked against me I needed to let you know this.  I understand that your
under a lot of stress right now and by no means do I want to add on.  The
one thing I wish you would take away from this is that if your 35 and still
looking then you need not look any further.

So I apologize for using this forum to express this I really wanted to talk
to you in person on Friday but I just didn't get a chance much less know
where to start. I hope we stay in touch and if you ever want to go to Gruene
Hall then let me know.  I also don't want to be put in one of your stalker
categories so take this for whatever you want, please don't think of me as
the next SP.

Take care and have a good week.

Kyle

By the way I think that good-bye would have to rank in top of all times, at
least it is number one in my book.

_________________________________________________________________________
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This has to be done..................................

Thanks
---------------------- Forwarded by Errol McLaughlin/Corp/Enron on 12/20/2000
08:39 AM ---------------------------

	From:  William Kelly @ ECT                           12/20/2000 08:31 AM

To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON
cc: Kimat Singla/HOU/ECT@ECT, Kulvinder Fowler/NA/Enron@ENRON, Kyle R
Lilly/HOU/ECT@ECT, Jeff Royed/Corp/Enron@ENRON, Alejandra
Chavez/NA/Enron@ENRON, Crystal Hyde/HOU/ECT@ECT

Subject: New EAST books

We have new book names in TAGG for our intramonth portfolios and it is
extremely important that any deal booked to the East is communicated quickly
to someone on my team.  I know it will take some time for the new names to
sink in and I do not want us to miss any positions or P&L.

Thanks for your help on this.

New:
Scott Neal :         East Northeast
Dick Jenkins:     East Marketeast

WK


Would you look at this and let me know if it looks ok.  I'm going to send
this to Willie after I get your approval.  My economic folks just gave me the
Gas Daily prices.


The Aquila contact for discussing Transwestern's credit status is:

Terry Batt	816-527-1251

Mark McConnell
Transwestern Pipeline Company
713-345-7896   office
713-822-4862   cell
713-646-2551   fax
mark.mcconnell@enron.com


Portfolio looks good.   Is it valuing options properly?   Can you rename the portfolio "Enron"

Thanks.


Attached is the presentation and speech notes that Ken Lay used on Wednesday
at the Austin meeting with Bush, etc.


Miss Tana,

Are you interested in going to the Nutcracker Market this Saturday morning
and being there for the early bird special (8 a.m.)??  It costs $25 to get
in early, but that covers $10 admission, $5 parking, coffee and
refreshments.  Otherwise, you can go at 10 a.m., pay $10 to get in with the
rest of the crowd and $5 for parking.  I think I am going to plan to be
there around 7:40-7:45.  Let me know if you are interested.

Patti


---------------------- Forwarded by Todd Perry/PDX/ECT on 05/01/2001 07:52 AM
---------------------------

	From:  Glenn Surowiec                           05/01/2001 07:15 AM

To: Todd Perry/PDX/ECT@ECT
cc:

Subject: Index Article

Indexers: A Free Ride on Market Efficiency
By Don Luskin
Special to TheStreet.com
Originally posted at 10:14 AM ET 4/30/01 on RealMoney.com

To: Louis Rukeyser, "Wall $treet Week with Louis Rukeyser"
Dear Lou,
Last Friday evening, you inducted John C. Bogle, the founder of Vanguard
Funds, into the "Wall $treet Week with Louis Rukeyser Hall of Fame."
You correctly credited Bogle with introducing "the first indexed mutual fund"
at Vanguard in 1975. All too often, Bogle is credited too broadly with
introducing the very first index fund. In reality, he was only the first to
offer index funds directly to the general public in the form of mutual funds.
The idea of the index fund was born in academia. Many great minds contributed
to the concept, but first among them are Harry M. Markowitz, Merton Miller
and William F. Sharpe, who shared the 1990 Nobel Prize in economics for this
work.
The first commercial index fund was introduced by Wells Fargo Bank in 1971,
four years ahead of Vanguard, under the leadership of John McQuown. It was
created for the Samsonite pension fund's investment portfolio, with an
initial investment of only $5 million. Today, at least a trillion dollars are
invested in index funds worldwide, probably twice that. Most of it that is
managed by banks on behalf of pension funds, university endowments and
charitable institutions. Mutual funds make up a trivial portion of worldwide
index-fund investing.
I used to work at Wells Fargo, starting several years after McQuown and the
first generation of indexers had already moved on to other things. Even then,
it used to bug us to see Bogle take all the credit -- at least in the mind of
the general public -- for inventing index funds. But at the end of the day,
we were delighted to have him out there winning hearts and minds for us.
Lou, for Bogle, index funds fit into a larger crusade that you also
celebrated on your show: the mission of reducing the costs of investing for
the general public. Index funds naturally lower the costs of investing
because they eliminate expensive investment managers and traders, and they
cut transaction costs by reducing the volume of portfolio turnover.
This is important because costs are the single biggest reason that it's so
difficult to "beat the market." If you define the market as a comprehensive
index like the Wilshire Total Market Value Index, then investors -- on
average -- will always underperform by the amount of their costs. The index
has no costs whatsoever, but investors have management fees, commissions,
research expenses, taxes and so on. The market is a closed system, in which
the winners win at the expense of the losers -- but they both pay costs, so
it's a negative-sum game. Costs are a leak in the bucket of performance.
Does that mean that it's impossible to beat the market? The most zealous
advocates of indexing have claimed just that since 1971. But it isn't true.
It is possible to beat the market. But it's not possible for everyone to beat
the market all at the same time. There have to be winners and losers (and
both pay costs). So that means that it's very, very hard to beat the market.
But not impossible.
Does this mean I'm saying that the market isn't efficient? Not at all.
Beating the market is what makes it efficient! Beating the market means you
have superior information, and you've taken wealth from people who have
inferior information. In the process, your superior information gets
impounded into market prices. And when academics talk about the efficient
market, they simply mean that prices reflect all of the available
information. Beating the market is the incentive system for getting that
information into prices and making the market efficient.
Indexers are "free-riders" on the process of market efficiency. They rely on
high-cost investors to go out there and take their chances, trying (and often
failing) to beat the market, but in the process making market prices
efficient. The indexers simply buy the whole market at those efficient prices
and get all of the benefits of all those efforts and costs for next to
nothing.
Hmmm ... if we investors who battle it out every day trying to beat the
market are just keeping the market efficient for indexers, maybe it's we who
ought to be honored on "Wall $treet Week" -- not Bogle!
-- Don


How does the agency with PG&E Energy Services work?

I show that EES is agent for two PG&E contracts.  Contract 67309 on CGAS and 67310 of Col Gulf.


Jennifer,

I am anxious to get set up on the 401K plan. Who do I need to talk to?

Thanx,

Chris


Start Date: 1/2/02; HourAhead hour: 17;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010217.txt


I think it would be a good idea to have Ron Carroll in Watkiss' shop to do a
parallel analysis to what we're going to have Mike Day do.  Ron's very good
and has done much work on these sortrs of issues.  You comfortable with that?


APPROVED


I have spoken to LY regarding this already.  I've asked Lisa, given her
relationship to sit down with Calvin and I and get a "lay of the land" to set
a strategy to go forward.  This issue is coming up throughout the region, NJ,
NY MD etc.  I have been discussing various strategies with Jeff Ader (EES)
and Frank Vickers (ENA) to prepare for these cases.  I will advise. Questions
give me a call.

Richard Shapiro@EES
05/08/2001 03:44 AM
To: Steve Montovano/NA/Enron@Enron
cc:
Subject: Re: How's it going

FYI....thoughts?

From: Lisa Yoho on 05/04/2001 09:23 AM CDT
To: Richard Shapiro/NA/Enron@Enron
cc:

Subject: How's it going

Rick:

I'm forwarding this email to you for a couple of reasons.  By way of
background, Calvin is the most senior staffer at the Maryland PSC on energy
matters.   First, I thought you'd be interested to know that Kathleen has
tried to hire him.  Second, and more importantly, the Maryland Commission is
beginning to look into default service for gas.    This may be a good
opportunity for Enron to advocate our positions on the appropriate role for
LDCs with respect to the merchant function (and provider of risk management
services).   While we don't have a lot of business in Maryland, we may have a
better chance at setting good precedent with Maryland than with some of the
other states.   Just a suggestion.

Let me know if you want more info.

Best,

Lisa

----- Forwarded by Lisa Yoho/NA/Enron on 05/04/2001 08:30 AM -----

	ctimmerman@psc.state.md.us
	05/04/2001 08:02 AM

		 To: lyoho@enron.com
		 cc:
		 Subject: How's it going

Saw someone on the street yesterday that could have been your near twin
sister, so I remembered I haven't emailed lately. Kathleen wanted be to be
the regional regulatory person for New Power. Her phone message wasn't
quite so blatent, but Susan Covino made it clear. I thought about it for
awhile, but decided I wouldn't want to drive to Harrisburg alot - and I'm
sure there would be a fair amount of driving to Richmond in the near future
too.

The main electric excitement is still the universal service disaster. That
obviously doesn't have much to do with electric choice, but there hasn't
been a dull moment all year and it is unlikely things will be running
smoothly any time soon. We have three big cases working during the summer
and fall. Constellation is doing their retail/wholesale separation into two
separate companies. Pepco and Conectiv are merging. Pepco's divestiture
sharing will be much messier than we thought because we believe they are
overcounting their transition cost (which subtracts from the share of the
plant sale proceeds going to customers) by quite a few millions of dollars.
All that and the ongoing workgroup process I need to get going on universal
service and other low-income issues will keep us busy. We're also going to
have a Commission "public meeting" on gas choice and default service that
may or may not lead to some policy change for our gas programs.

You should already be enjoying the Houston summer. The nice part is it
lasts soooooo long.
Calvin


missing deal for bob

buy edison mission
165.00
25 mw
feb
sp15

thanks


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Manual intervention required.


means the &Daily Midpoint8 price set forth in Gas Dailyc (Financial Times
Energy), or successor publication, in the column "Daily Price Survey" under
the listing applicable to the geographic location closest in proximity to the
Delivery Point(s) for the relevant gas day.  If there is no single &Daily
Midpoint8 price published for that particular Gas Day, but there is published
a "Common" range of prices under the above column and listing, then the Spot
Price shall be the average of such &Common8 high and low prices.  In the
event that no +Daily Midpoint8 price or &Common8 range of prices is published
for that particular Gas Day, then the Spot Price shall be the average of the
following: the price (determined as stated above) for each of the first Gas
Day immediately preceding and following the Gas Day in which the default
occurred for which a Spot Price can be determined.


Gentlemen,

Attached for your review and comment is the Cavern Monitoring Services
Agreement for your review and comment.

Thanks,

Eric Gillaspie
713-345-7667
Enron Building 3886
----- Forwarded by Eric Gillaspie/HOU/ECT on 08/08/2000 09:21 AM -----

	Eric Gillaspie
	07/27/2000 05:16 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc: Gerald Lofton/HOU/ECT@ECT
		 Subject: Re: Cavern Monitoring Services Agreement

I will make the necessary changes to the agreement.

Eric Gillaspie
713-345-7667
Enron Building 3886
----- Forwarded by Eric Gillaspie/HOU/ECT on 07/27/2000 05:15 PM -----

	David Marshall
	07/27/2000 04:55 PM

		 To: Eric Gillaspie/HOU/ECT@ECT
		 cc:
		 Subject: Re: Cavern Monitoring Services Agreement

Eric,

Our usual position is the Operator takes his own employee injury risk and the
third party injury risk arising out of his scope of work, and he provides us
with proof of insurance for these risks prior to commencing services under
the agreement. We would typically agree to limit his liability to us to a
specified amount (value of the contract), but not agree that this limitation
applies to his indemnity obligations due to employees or third parties making
claims due to events arising out of his scope of work (I didn't catch any
limitation of liability language as repects the parties).  These risks are
the subject of his insurance coverage, which we'd expect to apply for the
defense of both parties to the agreement.   From a cost standpoint, an
operator will have these coverages already and would not be buying additional
insurance for our job.

To the minimum coverages descirbed in 6.1, I suggest adding (d) Umbrella
Liability Insurance to apply in excess of the limits shown in a, b (employers
liability) and c above, with limits of liability not less than $10,000,000
per occurrence/aggregate, and providing coverage subject to terms and
conditions at least as broad as those of the underlying policies.  Texaco may
resist or argue for some cost pass through for any additional limits, but
certifying to only $1MM in GL limits seems a bit light given the exposure.

6.2 Policy Requirements (iii) 'enforced' should be changed to 'endorsed'
Suggest adding:  (iv) be endorsed to apply as primary insurance and without
right of contribution from any similar policies which may be maintained by
LCRI.
All applicable deductibles or self insured amounts shall be the sole
responsiblity of Texaco.


The status of the 12/31 DPR is as follows:

North America Gas:  P&L and Bench  preliminary, final will be received soon.
North America Power East: Final information received
North America Power West: Final information received
North America Power Canada: Final information received
EES Gas and Power: Information currently not available
South America Gas and Power: Final information received
Enron Europe:  Attempting to coordinate with Europe about reporting only ECTRIC piece.
Global Products: Status unknown
Weather: Final should be available next week
Coal: Final should be available 1/17
Freight: Status unknown
Emissions: Status unknown
Global Risk Markets: Final information received
Equity, Convertible Arb, Foreign Currency: no positions to report on
Interest Rate: Data not available
Paper, Lumber and Steel: Final information received
Broadband, Advertising and DRAM: Final expected next week
PGE: Final information received
ETS: Status unknown
Merchant Portfolio: Final information received
Capital Portfolio: Status unknown

I am still trying to find out whether we will receive information from several groups.  I will keep you updated on the progress.

Chris Abel

-----Original Message-----

From: Wilson, Shona

Sent: Wednesday, January 16, 2002 8:34 AM

To: Thapar, Raj; Beck, Sally; Pearce, Barry; Apollo, Beth

Cc: Abel, Chris; Considine, Keith; Ayala, Susie; Trevino, Susan

Subject: priorities for 1/16 and accomplishments for 1/15

1/15 -

curve val: we have scoped the curve val project and have discussed it with PwC. I've talked to E&Y in general terms and have a meeting with them on this at 10 today. We have also had initial discussions with the different risk groups about the holes in the curve construction & upload process and our deliverable for the end of today is a list of where the holes are and a plan to fill those holes.

We spent significant time with E&Y to go over the make up of the DPR.

We are working with the different groups on the 12/31 DPR information. So far, we have only had one request for it. My gut feeling is that EIM & ENA are complete, but ECTRIC & EGM need a bit more time. Chris should have a complete status ready for today.

Our systems are fixed (hooray!). Yesterday we caught up on the Enovate and Bridgeline DPRs as well as spent significant time with IT to get the systems fixed.

Susie is still working on the SEC VAR for 10/31, 11/30, and will start 12/31 as soon as all of the information is available. She has also started the net assets work.

Lastly, the whole group had CAS training so once we get access to the system we can start pulling info by counterparty.

Today our goals are:

Curve val - finalize memo (getting agreement from PwC, E&Y, and Enron estate), put listing of curve construction plan fwd, start determining what the different buckets of curves are and what tools are available to perform analysis

Field more E&Y DPR qus

Have a complete status report on the 12/31 DPR.

Prepare ongoing reporting (Enovate, Bridgeline etc).

I also hope to get some time to familarize myself with the CAS environment.

Regards

Chris Abel
Manager, Risk Controls
Global Risk Operations
chris.abel@enron.com <mailto:chris.abel@enron.com>
713.853.3102


Kevin/Bob:

 Here is a quick rundown on the consultants that Sam Wehn and his team have
been using in their efforts to obtain ERCs in the CA market. If you have
questions, or would like to see their resumes/bios let me know.

Joan Heredia, Woodward-Clyde Consultants
805-964-6010 x127
Joan is a project engineer in the field of Air Quality Mangement.  She has
previously worked for the County of Santa Barbara Air Pollution Control
District from 1985-1990.  In her current position, she provides regulatory
compliance expertise with an emphasis in the areas of air quality and
hazardous waste management.  Joan has various regulatory agency interaction
with California's Air Quality Districts and the EPA.  Her experience includes:
Prepared air permit applications at 3 bulk gasoline distribution terminals.
Public meeting participation and response to public inquiries concerning air
pollution control policies and procedures.
Air dispersion modeling and health risk assssment for contaminated soil
remediation projects.
Air emission control device efficiency analysis.
Emissions evaluation for boilers, flares, internal combustion engines,
turbines.
Served as the lead coordinator for a consortium of power generation companies
(AES, Enron, US Gen, Reliant and Calpine) in developing comments on the South
Coast Air Quality Management District Turbine BACT guidelines.
Project manager for all environmental permitting associated with the
development of a 500 MW merchant power plant in AZ.
Project manager for a 500 MW gas-fired turbine merchant power plant.
Prepared emission scenarios to facilitate operational flexibility and managed
the air quality impact assessment.  Prepared NSR/PSD permit application for
submittal to the Bay Area Air District.  Participated in public hearings and
served as expert witness for CEC testimony.  Participated in numerous
negotation meetings with the EPA, CARB, and Bay Area Air Quality Mangement
District for the development permit condition language.
Joan is a member of the Air and Waste Management Association.  She has a B.S.
in Chemical Engineering from University of California, Santa Barbara and an
M.S. in Environmental Engineering from California Polytechnic State
University.

Mike Hadari, self-employed consultant
cell:  310-710-9299
Mike worked with John Palmisano (former Enron employee), Josh Margolis
(Cantor-Fitzgerald Brokerage Services) on several trading-related air
programs.  Mike is currently assisting EES on some GHG issues.  He has a
heavy technical background (Combustion Energy Engineer) that has focused on
high efficiency combustion and energy-related projects.  Mike worked at the
San Jouaquin Air District for 2 years, and has worked at other consulting
firms before starting his own consulting operation.  Mike was one of 20
people who worked on the development of the RECLAIM program in the SCAQMD.
He has a broad range of expertise that includes technical, regulatory and
trading experience.  He has negotiated with a number of air districts.  He is
currently devoting about 95 % of his time today to Enron (EES and ENA).  He
is also involved in reporting functions for the CA ERC and RECLAIM programs.

Barry Ogilby, Attorney, McCutchen, Doyle, Brown & Enersen
415-393-2496
Barry is in McCutchen's environmental, litigation and energy law practice
groups.  He has been involved with environmental compliance, litigation and
regulatory matters at the federal and state levels for than 25 years.

He was in house counsel for Exxon for 15 years, While at Exxon, he provided
commercial litigation support to Exxon's marketing, refining, pipeline
transportation, and oil and gas production operations.  He was appointed by
the Governor of CA to serve on the State's Oil Spill Technical Advisory
Committee.

He represents clients on a national basis on matters related to marine
transportation, the Clean Air Act (inlcuding project development and
compliance), and the Clean Water Act.  He has extensive experience in federal
and state compliance actions related to air and water laws and new permitting
requirements.  He often represents clients before federal and state
regulatory agencies regarding alleged violations of environmental laws and in
support of client efforts to obtain necessary environmental and land-use
permits for new projects.

Barry is a member of the ABA, and has served as an adjunct law professor in
environmental and land-use law.  He received his J.D. from the University of
Memphis and his B.S. Degree in engineering/geology from the University of
KY.  He is admitted to practice in CA, TX, TN and KY.

McCutchen's Environmental and Land Use Group consists of 70 lawyers in four
offices.  They represent landowners and developers, basic and high technology
manufacturing companies, transportation companies, trade associations and
governmental entities.  Members of McCutchen's Environmental Group who
specialize in Air Quality have experience in:  New Source Review:
Non-attainment and PSD ; State Air Permits ; Title V Operating Permits ; New
Source Performance Standards ; Stationary Controls ; RECLAIM ; Reporting
Obligations ;  and Emissions Banking among other things.

Kurt Marquald and Peter Okurowski, California Environmental Associates
415-421-4213
Kirk is the Founder and Principal of CEA.  He has worked on CA energy and
environmental regulatory issues for over 18 years.  He has led large-scale
regulatory reform and strategic planning projects for major manufacturing and
transportation companies as well as trade associations and law firms.  Prior
to establishing CEA, Kirk served as teh Under Secretary of CA Natural
Resources Agency as Director of the Office of Appropriate Technology.  He
managed budget and policy initiatives at the Agency's 9 departments.  He has
resolved policy conflicts between departments, cabinet officers, legislators,
companies, and private citizens.  He has also worked as a consultant to the
Environmental Defense Fund on issues related to energy, water and hazardous
materials.  Kirk has a M.S. in Natural Resources Policy and Mangement from
teh University of MI and a B.A. from Trinity College.

Peter is a Senior Associate at CEA with broad experience in technical,
political, and legal analysis on air pollution issues.  He works with clients
to strategically manage their position in ongoing federal, state and local
rulemaking activities.  He analyzes data and policy proposals to help clients
develop the appropriate level of regulatory action.  Prior to joining CEA, he
worked for four years at the U.S. EPA office of Mobile Sources in Ann Arbor,
MI.  He developed regulatory text and helped to form public policy for EPA's
economic incentive programs and emissions trading programs.  Peter holds a
J.D. from Indiana University and a B.A. in Economics from the University of
MI.

Overall, CEA has assisted clients on numerous environental issues.  CEA
Actions in the air emissions credit trading arena include:
assisting the client in managing permit and emission reduction credit issues
at a facility slated for closure;
performing analysis of possible excess credit streams under various business
assumptions;
intervening with the SCAQMD to resolve issues adversely impacting a client's
emission credit allocations;
educating the client as to possible trading and brokerage strategies; and
assisting the client in the auction of credits.


I just spoke with Heather Dunton in Risk, and she said they've had problems
valuing index forward deals that settle at the last 5-day NYMEX average. So
to remedy the situation, they're taking a fifth of the volume out of the deal
each day, beginning five days prior to the expiry date. In this case, the
expiry date is 4/25/01, so they began with taking 5 MW out of deal 585480 and
putting it into a fixed price forward deal - 586775. Each day Heather will
take another fifth of the volume in 585480 and put it into 586775, and she'll
average the fixed prices each day to eventually end up with the last 5-day
average. That's the long and short of why this new forward deal - 586775 -
doesn't need to be confirmed. Our position with Deseret stays the same - it's
just split between two deals temporarily.

Please call Heather or me with any questions. She's going to add another
comment in both deals to indicate the changes she'll be making, so it should
be apparent to everyone that 586775 does not need to be confirmed at any
point. When we get to the expiry date, Heather will kill that fixed forward
deal, since the index price will pull into the system and 585480 will value
properly.

Sorry for the winded explanation, but I thought it was better to give you
more than less!

Thanks,
Kate

	From:  Sharen Cason                           04/20/2001 06:31 AM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 586775

Can you check and see why we are not confirming this deal with Deseret?  It
is on the not to be confirmed list.

Thanks!


Susan:  We need to prepare materials this afternoon on these two hedge
funds.  The credit is different but the FORMS will be identical.  Please let
me know who will handle and I can discuss with that person nowl  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/25/2001 11:39 AM -----

	Paul Radous/ENRON@enronXgate
	04/19/2001 05:43 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Caroline Abramo/Corp/Enron@Enron
		 Subject: Valentis

Here are the credit worksheets for Valentis (25% of the trade and Independent
amount should be allocated here) and CD Holdings (75% allocated here).  This
will work for the ISDA, and I am hearing from Caroline that they are ok with
posting this up front amount in cash.  So, for purposes of the Deemed ISDA,
we may as well include all of the credit provisions, but make the $2MM a
"Special Independent Amount" applicable to the counterparty, which may be
increased by Enron up to $5MM. This Special Independent Amount should be
added to the Independent Amount as that term is used in the ISDA in order to
give us the ability to demand more collateral at will with respect to the
long term hedge.  Given the fact that the c/p can post cash instead of LC's I
see no reason for us to always have the Special Independent Amount in cash.
That is, if we are $2MM out of the money on the position, I do not have a
problem returning their cash, so long as it is in increments of the rounding
amount.

So I think we should just go ahead and put credit into these Deemed ISDAs,
and require that the failure of the parties to execute an ISDA within 60 days
will constitute a termination event.

Caroline, again, the c/p will have to verbally agree to Loss instead of
market quotation, to the special margining provisions with respect to this
particular long term trade, etc.  Let's discuss how this will work, since it
is different from what I proposed on the phone.

Sara, after you have had a chance to look at these, give me a call so we can
discuss.

Thanks.
Paul


-----Original Message-----
From: 	Alvarez, Ray [mailto:IMCEAEX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=NOTESADDR_CN=EBE4476B-2D94882A-86256A14-75FF3B@ENRON.com]
Sent:	Wednesday, July 25, 2001 2:33 PM
To:	Belden, Tim; Swerzbin, Mike; Driscoll, Michael M.; Motley, Matt; Badeer, Robert; Scholtes, Diana; Crandall, Sean; Mallory, Chris; Richter, Jeff; Alonso, Tom; Fischer, Mark; Platter, Phillip; Carla Hoffman/PDX/ECT@ECT; Calger, Christopher F.; Etringer, Michael; Hall, Steve C.; Yoder, Christian; Heizenrader, Tim; Swain, Steve; Dasovich, Jeff; Mara, Susan; Hartsoe, Joe; Alvarez, Ray; Mainzer, Elliot; Williams III, Bill; Kaufman, Paul; Steffes, James D.; Allen, Phillip K.; Grigsby, Mike; Black, Don; Bresnan, Neil; Whalan, Jubran; Benevides, Dennis; Hewitt, Jess; Kitchen, Louise; Lavorato, John; Whalley, Greg; Shapiro, Richard; Kean, Steven J.; Robertson, Linda; Cantrell, Rebecca W.; Lawner, Leslie; rcarroll@bracepatt.com; Novosel, Sarah; Palmer, Mark A. (PR); Briggs, Tom; Haedicke, Mark E.; Leboe, David; Comnes, Alan; Shelk, John
Subject:	Pending Refund Order Discussed at Today's Commission Meeting

Although a final order is not yet available, we were able to glean the basic content of the Commission's latest refund order from the discussion had at the Commission meeting this morning.   It appears that the Commission has not strayed far from Judge Wagner's recommendations, which came out of the settlement conference ordered by FERC.  Highlights include:

In California, refunds/offsets apply only to spot transactions in CAISO and CalPX, and only as of October 2.

Both public and non-public utilities are subject to refund.

It appears that the refund methodology will be similar to that of the June 19 Order, as refined by Judge Wagner.

Daily spot gas prices will be utilized in the methodology.

A 10% creditworthiness premium will be added.

An evidentiary hearing will be ordered to collect the data needed for the methodology;  it is our understanding that the CAISO will have 15 days to provide certain information and the Judge must certify the record in 45 days.

A separate preliminary evidentiary hearing will be ordered to consider Pacific Northwest refunds.  It was briefly described as consisting of an information gathering proceeding of 15 days, followed by an evidentiary proceeding of 30 days.  The Judge would then have an additional 7 days to report to the Commission.  An issue will be the definition of "spot" transaction for the Pac NW, since counsel to the Commission noted that it could differ from the spot definition for California.

We are awaiting the final order and will update this report as soon as it issues.

RA


Hi


Tina / Peggy,
Attached is the Global Risk Management Operations update for the Philippe and
Greg Weekly Report, for the week ending February 28.
If you have any questions, please let me know.
Thanks,
Brian
x57677


Errol and Joey,
Just an FYI -
The Middle Market - West gas orig group is changing it's name to Gas
Origination - West.  Now when you enter Orig into the West file the Orig
Group should be the new name.
Also, on your Orig Schedule please start showing the West orig as Gas
Origination - West so that everything will match when it is published to the
web.

thanks,
brad


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

 - 11-27 1400 Report.xls


Vince,

I have left a message w/Bruce requesting the password for the neural network
site, and am waiting for his reply.

Trish

Vince J Kaminski
06/16/2000 10:16 AM
To: Patricia Tlapek/HOU/ECT@ECT
cc:
Subject: Re: Followup

Trish,

I could not access his neural network site.
It requires access password.

Vince

	From:  Patricia Tlapek                           06/12/2000 03:57 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Followup

---------------------- Forwarded by Patricia Tlapek/HOU/ECT on 06/12/2000
03:57 PM ---------------------------

Barcharts@aol.com on 06/09/2000 10:01:59 AM
To: patricia.tlapek@enron.com, mike.roberts@enron.com
cc:
Subject: Followup

Good Morning,

I enjoyed visiting you yesterday afternoon to discuss the opportunity at
Enron.  Sounds exciting, challenging and a good use of a lot of my skills and
experience.  I look forward to further talks, hopefully this coming week.

I mentioned a couple web sites and don't know if they came through clearly on
the phone with my sore throat.

The neural network approach to timing can be found at
http://www.pfr.com/ptonline/

The introductory piece on technical analysis I wrote for Forbes.com and the
glossary can be found at htttp://www.forbes.com/tool/html/00/Jun/0603/feat.htm

I am also working with long time friend and neighbor Steve Nison with his
site and you can see the first on line lesson for free at
http://www.candlecharts.com/

Have a nice weekend.  Hope to hear from you next week.

Bruce M. Kamich, CMT
barcharts@aol.com
732-463-8438


- dreamweaver1.xls


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

November 17, 2000 5:00pm through November 20, 2000 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER:
Impact:  EDI
Time:  Sat 11/18/2000 at  11:00:00 PM CT thru Sun 11/19/2000 at  1:00:00 AM CT
 Sat 11/18/2000 at   9:00:00 PM PT thru Sat 11/18/2000 at  11:00:00 PM PT
 Sun 11/19/2000 at   5:00:00 AM London thru Sun 11/19/2000 at  7:00:00 AM
London
Outage:  EDI HUB DISK VOLUME INCREASE
Environments Impacted:  Corporate
Purpose: Continued EDI volume increases require the addition of more disk
space for EDI operations.
Backout: Utilize current configuration w/o new HACMP configuration
Contact(s):  Jack Metkus
  Jim Nelson  3-7799  713-327-2007
  Karen O'Grady  5-7149  713-327-4805
  Jack Metkus  3-0362  713-288-0743

EI:
Impact:  EI
Time:  Fri 11/17/2000 at  8:00:00 PM CT thru Fri 11/17/2000 at  9:00:00 PM CT
 Fri 11/17/2000 at  6:00:00 PM PT thru Fri 11/17/2000 at  7:00:00 PM PT
 Sat 11/18/2000 at  2:00:00 AM London thru Sat 11/18/2000 at  3:00:00 AM
London
Outage:  EI Load Balancing
Environments Impacted:  El
Purpose: to stabilize the EI environment
Backout: Remove new 6500s reconnect 5500s as previously installed
Contact(s):  Steve Hardy  713-853-9294  713-415-0672

ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

LOTUS NOTES: No Scheduled Outages.

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS: UNIX
Impact:  CORP
Time:  Fri 11/17/2000 at  5:30:00 PM CT thru Fri 11/17/2000 at  7:30:00 PM CT
 Fri 11/17/2000 at  3:30:00 PM PT thru Fri 11/17/2000 at  5:30:00 PM PT
 Fri 11/17/2000 at 11:30:00 PM London thru Sat 11/18/2000 at  1:30:00 AM
London
Outage:  Apply patch to TAS 6.0 on Pluto
Environments Impacted:  UNIX Users
Purpose: Applying patch to fix known issues with 6.0 release.
Backout: Uninstall patch.
Contact(s):  Troy Beyer  713.345.8316  713.406.1782

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center
(713) 853-5536   Information Risk Management

Specific Applications Help:
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
All Other Systems    (713) 563-5797  [Pager]
      or (713) 563-5987  [Pager]


fyi
---------------------- Forwarded by Steven J Kean/HOU/EES on 08/16/2000 07:23
AM ---------------------------
From: Lance Schuler-Legal@ECT on 08/15/2000 05:14 PM
To: Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gail
Brownfeld/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/HOU/EES@EES,
Richard Shapiro/HOU/EES@EES, John Novak/SA/Enron@Enron, Robert H
George/SA/Enron@Enron, John Lamb/EWC/Enron@ENRON, Stephen
Wallace/Corp/Enron@ENRON, Frank Smith/Corp/Enron@ENRON, David
Nutt/Corp/Enron@ENRON, Charles Cheek/Corp/Enron@ENRON, Mary
Joyce/HR/Corp/Enron@ENRON, Aaron Brown/HR/Corp/Enron@ENRON, Bob
Butts/GPGFIN/Enron@ENRON, James L Bouillion/HOU/ECT@ECT, Cullen
Duke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Schedule for the Schedules

The current schedule contemplates sending a draft of the Disclosure Schedules
to Skadden by the end of the day on Friday.  Please provide any remaining
comments to the draft Schedules as soon as you can.  I realize there will
still be some holes, as we continue to negotiate the Purchase and Sale
Agreement.  No doubt it would help to have the Appendices to the Purchase and
Sale Agreement completed, or say maybe a dollar amount or two completed in
the Definitions section.  Thanks for all the help.  Lance.


This is to advise you that we will have next Tuesday's ETS staff meeting from 10:00 to 11:00AM in 49C2.    Since we will have only one hour, please be prepared to rapidly high-light only your key items for the week.

Thanks,
Cindy


Rick,

Just following up on the VaR requests.  Do you have everything you need?

Jeff