---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/28/2000
05:00 PM ---------------------------
From: Wade Cline@ENRON_DEVELOPMENT on 01/28/2000 07:17 AM ZE5B
To: Pinnamaneni Krishnarao/HOU/ECT@ECT
cc: Sandeep Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vince J
Kaminski/HOU/ECT@ECT
Subject: Re: Mark-to-Market

Sandeep,

Can DPC sell to MSEB and have EIPL buy an equivalent amount of power from
MSEB at another spot on their grid, and then EIPL sell to the 3rd party state?

Pinnamaneni Krishnarao@ECT
01/27/2000 04:00 PM
To: Sandeep Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Vince J Kaminski/HOU/ECT@ECT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Mark-to-Market

Sandeep:
 I met with Bob today and discussed the deal structure we put together. On
the mark-to-market issue, Bob and his colleague Wess told me that as long as
payments are tied to one particular plant, we cannot m-t-m them. They had
same problem with plants here in the US (like the peaking plants) and they
had to separate the plant from power sales to be able to m-t-m the assocated
cashflows.  What they did is: they sold power from the plant to an outside
party and bought it back from them at completely different (multiple)
locations. The buyback is not tied to any specific plant and is marked to
maket. Even if Enron can somehow mark-to-market a deal with DPC, it can do so
for only 50% of the cashflows because only 50% of DPC is owned by outsiders.
And a simple loan to an affiliate cannot also be marked to market.

 Bob was suggesting that if EIPL buys options from DPC and from some other
plants and in turn sells power to AP or Karnataka then we could have a case
for m-t-m. Politically DPC selling power to EIPL may not be the best
solution, to put it rather mildly!

Our alternatives, as I see them, are
1. Do the deal as we structured it. The only difference is that Enron doesn't
mark it to market and income is      earned only in 2002-03.
2. Do the deal as we structured it. EIPL/Enron then sells the contract to
another party at a profit. The problem, of course, is finding this party and
forking part of the profit to them.
3. Same deal, except revenue securitization is done through an outside party
in India (not EIPL).

Bob said he will think about the issues some more this week. Let me know when
you will be here next week so we can meet with Bob together. I will be going
to Boston for Tuesday and/or Wednesday (Feb.1-2). I can book an appt. with
Bob for us.

Sandeep Kohli@ENRON_DEVELOPMENT
01/23/2000 09:45 PM
To: Robert Butts, Pinnamaneni Krishnarao@ECT
cc: Vince Kaminski, Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ananda
Mukerji, Jaiprakash Desai/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Mark-to-Market

Bob,

I wanted to continue the analysis on mark-to-market that I had spoken to you
about on the phone.

I thought that it was getting very difficult explaining the whole transaction
by phone, so I am having Krishnarao who is in Vince's group explain the
transaction to you.

Krishna has been helping us structure the deal here in India, and he has just
returned to Houston from India after working with the team here.

He will seek an appointment with you to explain the transaction.  I would
like you to please spend some time with him, and then based on the discussion
please send us a note detailing how sucha a transaction would be marked to
market.

Please cosider the fact that currently there are no such transactions from
the Indian side.  This is a very important transaction for us, and we may
need to repeat this in coming months, hence setting up the system to account
for these maybe well worth it.  Also, what I am concerned about is that there
will be an Enron India (EIPL) account in India based on Indian GAAP, and upon
consolidation there will be a US GAAP accounting in the US.  It is here that
we would like to have mark-to-market accounting.  EIPL is structured through
Mauritius, and then Caymen Islands.

Another key question to consider is that when we m-t-m the transaction in the
US there will be a tax accruing in the year of m-t-m (say 2000).  However, in
India, as a result of the accrual accounting, there will not be any income
showing till the year 2002 or 2003.  We will need to know how that would get
treated, and whether there is a way to get credit for the tax payable in the
US.  I am also confused about whether US tax would be levied, since none of
the income is being brought back into the US (remains overseas - subpart-F
and other concerns).

Finally, we have been working hard in structuring a fixed price contract and
getting a fixed for floating swap in the US (this is still not allowed to
Indian Corporates).  I need you to think about this too, and see if some type
of accounting will solve this issue.  Krishna knows what I am talking about,
and will brief you on the same.

Krishna - Please walk Bob through the three structures we had worked here.

Look forward to your help and comments.  This is going to be an exciting
project for us all.

Regards,
Sandeep.


Eric Gillaspie
713-345-7667
Enron Building 3886
----- Forwarded by Eric Gillaspie/HOU/ECT on 04/17/2001 10:39 AM -----

	"Sandra Gillaspie" <gillassa@fairfield.k12.ia.us>
	04/17/2001 10:17 AM

		 To: <Eric.Gillaspie@enron.com>
		 cc:
		 Subject: Fwd: Re: Hotel Reservations

Eric, Here's Jon's latest email.

Yo Ma:

Yep, I'll fax the hotel today or tomorrow and let them know our lodging
dates. I've already received the lodging dates from the Brouwers and
Rasmussens.

Ai Ping and I are doing fine. The weather in Wuxi the last week has been
heavenly. The wedding planning is going ok. It will all hopefully take shape
in the next month. The post-wedding travel planning will be done during this
period also, we have to wait to purchase plane tickets, etc.

Hope you liked the wedding invitations. The Chinese don't have special
wedding invitations printed for themselves. They just buy them and write out
the details. Fine with me. I didn't include RSVP details because it seemed
pointless: everybody who's planning to come to the wedding already knows
about it. The others don't need to write back and tell me they can't come.

Go ahead and bring Ai Ping's parents a small gift- that would be nice. It
needn't be big, or expensive, just something to let them know you're happy
to meet them.

Glad to hear that Uncle Darrel and Grandpa Jack were able to come over for
Easter dinner. Should I mail them wedding invitations? I don't want to
exclude them from the process just because they can't attend the wedding.

Sounds like the trip to Beijing will be a circus. That's fine: there is
power in numbers. When we're gawked at we can return in unison open-mouthed
expressions of befuddlement. We'll be a parade of big-noses. We should
charge admission.

Hope all is great in FF. Good luck finishing up the grad class. Take care!

Love,

Jon

>From: "Sandra Gillaspie" <gillassa@fairfield.k12.ia.us>
>To: <jongill78@hotmail.com>
>Subject: Hotel Reservations
>Date: Mon, 16 Apr 2001 16:40:51 -0500
>
>Jon, I think you and Ai Ping should decide how long the Gillaspie group
>needs to stay at the hotel in Qingdao, and then we'll all do whatever you
>think. (That includes Junks, Gerald, Jean, Staters etc. and your brothers
>et al.)  The Brouwers and Rasmussens need to tell you their time frame.
>Have you emailed them with that request?
>Your dad is in Norfolk, Virginia all this week and gets home Fri. pm and I
>leave at noon on Fri. to finish my  grad class in D.M .  The class is over
>late afternoon  on Sat. and when that's finished I'll feel like I've a bit
>more time. I'm already planning my last quarter so  I'll have my report
>cards done by June 4th since that's the day we head to Minn. and we start
>the big trip on June 5th!
>  I think most wedding invitations have arrived in the States.  They were
>unique to all who received them.  How are you and Ai Ping doing?  I hope
>all this long range planning isn't too huge an undertaking.  Tell me,
>should we bring a gift for the Ai Ping and her  parents?
>
>I had Grpa Jack and Darrell over for Easter dinner and the day went well.
>I was glad both were able to come.
>
>Take Care and Love, MOM

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.


I am trying to locate the above identified master.  Does anyone have this
file?  Sara

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


Ted, please take a quick look at the outline of discussion notes for Friday.

Vince


---------------------- Forwarded by Susan M Scott/HOU/ECT on 03/27/2000 05:33
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Tobin Carlson                           03/01/2000 10:01 AM

To: Gary Stadler/HOU/ECT@ECT, Chris Abel/HOU/ECT@ECT, Susan M
Scott/HOU/ECT@ECT
cc:
Subject: FW: Aggie Wedding

This is a great.

Tobin

  <<wedding.gif>>

 - wedding.gif


Attached please find the Nov GA report.  Please call with any questions.

Jim


I'll send the Outside Services portion separately.  Thanks!


Do I approve Daren's expense report.  If I do go ahead and approve it.

Tom

 -----Original Message-----
From: 	enron_update@concureworkplace.com@ENRON
Sent:	Thursday, November 15, 2001 9:25 AM
To:	Thomas Martin
Subject:	<<Concur Expense Document>> - Daren Farmer

The following expense report is ready for approval:

Employee Name: Jerry D. Farmer
Status last changed by:  Automated Administrator
Expense Report Name: Daren Farmer
Report Total: $153.53
Amount Due Employee: $153.53

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


Steve, attached are the EHS accomplishments for mid-year, mike


The report named: West VaR and Peak Position Report By Trader <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=26&report_name=West+VaR+and+Peak+Position+Report+By+Trader&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y&current_efct_date=01/07/2002>, published as of 01/07/2002 is now available for viewing on the website.


---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 04/18/2000
04:59 PM ---------------------------

	From:  Mitch Robinson @ ENRON                           04/18/2000 04:28 PM

To: Steve Walton/HOU/ECT@ECT
cc: Elizabeth Sager/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT
Subject: Re: Caledonia Letter To TVA

Steve -

My e-mail's been down all day, but attached are my comments on the draft.

Kevin, getting on board this project late, did you anticipate me signing the
letter, or do you want it drafted for your signature?

Mitch


i want to get a job at comopaq too!

Shanna Husser@ENRON
05/25/2000 08:34 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject:

you know what . . .   you better just learn to like my "attitude" . . .
alright


whichever one is active-scana energy-too many choices to pick
from-counterparty list needs to be cleaned up.  Go ahead and change it.


Thank you for booking your travel with Continental Airlines.
Below is a copy of your flight information. Please refer to your
complete online itinerary for the respective details on your hotel
and car reservations.

----------------------------------------------------------------------

FLIGHT SUMMARY
------------------------------------------------------------------------------
--
Purchased
Itinerary Number: 1260184499
Multi City
Booking ID: 27WLBA
1 adult USD 288.83
Taxes: USD 40.67

Total Cost: USD 329.50

Flight: from Houston, TX (IAH-Bush Intercontinental) to Rochester, NY
(ROC-Greater Rochester Intl.)
Depart: 22-Nov-00 at  4:50 PM
Arrive: 22-Nov-00 at 11:03 PM

 Depart: Houston (IAH), 22-Nov-00 at  4:50 PM
 Arrive: Cleveland (CLE), 22-Nov-00 at  8:33 PM
 Flight: Continental 1672
 Aircraft:  Boeing 737-800
 Meal Service: Dinner
 Duration: 2hr 43mn
 Distance: 1099 mi
 Economy/Coach Class

 Depart: Cleveland (CLE), 22-Nov-00 at  9:40 PM
 Arrive: Rochester (ROC), 22-Nov-00 at 11:03 PM
 Flight: Continental 3116, OPERATED BY CONTINENTAL EXPRESS
 Aircraft:  ATR 72
 Meal Service: n/a
 Duration: 1hr 23mn
 Distance: 245 mi
 Economy/Coach Class

Flight: from Rochester, NY (ROC-Greater Rochester Intl.) to Newark, NJ
(EWR-Newark International Airport)
Depart: 26-Nov-00 at  6:30 AM
Arrive: 26-Nov-00 at  7:39 AM

 Depart: Rochester (ROC), 26-Nov-00 at  6:30 AM
 Arrive: Newark (EWR), 26-Nov-00 at  7:39 AM
 Flight: Continental 3753, OPERATED BY CONTINENTAL EXPRESS
 Aircraft:  ERJ
 Meal Service: n/a
 Duration: 1hr 9mn
 Distance: 255 mi
 Economy/Coach Class

Flight: from Newark, NJ (EWR-Newark International Airport) to Houston, TX
(IAH-Bush Intercontinental)
Depart: 27-Nov-00 at  8:00 AM
Arrive: 27-Nov-00 at 11:01 AM

 Depart: Newark (EWR), 27-Nov-00 at  8:00 AM
 Arrive: Houston (IAH), 27-Nov-00 at 11:01 AM
 Flight: Continental  205
 Aircraft:  Boeing DC10
 Meal Service: Breakfast
 Duration: 4hr 1mn
 Distance: 1415 mi
 Economy/Coach Class

----------------------------------------------------------------------
If you have chosen the E-ticket option for your flight(s), a Travel
Itinerary and Receipt will be delivered within 3 - 5 days via U.S.
mail. If you have specified an alternate delivery location for your
E-ticket, we will send a Travel Itinerary and Receipt to the address
you specified, plus a Payment Receipt to the address that appears on
your credit card statement.

When you arrive at the airport on the day of your flight please
provide the ticket agent with your last name, flight number and photo
identification to receive your boarding pass(es).  For curbside check-in,
present your passenger receipt or a printout of this message and photo
ID.

E-Ticket customers can also use one of our automated eService Centers
or ESC. Our ESCs allow customers to check-in and receive a boarding
pass for all Continental U.S. domestic flights.  ESCs are conveniently
located near the ticket counter and gate areas in most of our U.S.
cities.  Baggage check is available at those ESCs located at the
ticket counter.

If E-Tickets are not available for your flight(s), or you have
elected to receive a paper ticket, we will send your ticket(s) and
receipt(s) to the address you specified during the booking process. If
your date of departure is:

-- within 3 days and E-Ticket is available for your flight(s), an
   E-Ticket will be issued.  If E-Ticket is not available, you will
   have been prompted online to call Continental Airlines On-Line
Reservations at 1 (888) 815-2665 to arrange
   the delivery of your tickets.
-- between 3 and 7 business days from today, by  2nd day or overnight
   mail.
-- more than 7 business days from today, by U.S. mail.

Photo identification will be required upon check-in, such as a Driver's
License, Military ID, Passport or an official identification card
issued by a government authority. For questions concerning this
requirement, please contact Continental Airlines or visit our web site at
http://www.continental.com.

A valid passport is required for international travel. Some
countries also have visa and/or health requirements. Please check with
the embassy of the country to which you are traveling, contact
Continental Airlines or visit our web site at http://www.continental.com.

If you wish to change hotel and car reservations, use
Continental Airlines On-Line Reservations at http://www.continental.com. To
change airline flights or for
en-route assistance, call 1 (888) 815-2665. Please have your itinerary
number available for the agent.

We wish you a pleasant trip and look forward to serving you
again soon.

Continental Airlines
http://www.continental.com/


Jim --

Please see attached from EPSA on their meeting today with Andy Black, Chairman Barton's chief energy adviser.  I have my own one-on-one with Andy at 4 pm tomorrow.

Would you have a minute to read the EPSA memo and a list that Andy sent me (which I will forward separately) and we could chat about these issues tomorrow before the 4pm -- just so I have everything in perspective going into the meeting?

I am open to any time tomorrow except 10 am (EDT).  Please let me know.  Thanks.

---------------------- Forwarded by John Shelk/NA/Enron on 08/14/2001 04:11 PM ---------------------------

"Michael Reddy" <Mreddy@epsa.org> on 08/14/2001 03:42:05 PM
To:	<carin.nersesian@enron.com>, <clong@enron.com>, <john.shelk@enron.com>, <linda.robertson@enron.com>, <richard.shapiro@enron.com>, <Sarah.Novosel@enron.com>, <tom.briggs@enron.com>
cc:

Subject:	Follow-up from Meeting with Andy Black

See the attached Memorandum.

 - Follow-up from Andy Black meeting 8-14-01.doc
 - Sawyer-Burr HR 2814.pdf
 - Summary of EPSA Legislative Objectives.doc


Nelson,

FBI took my laptop.
I hope to have it back.

Vince

 -----Original Message-----
From: 	Neale, Nelson
Sent:	Monday, January 28, 2002 10:05 AM
To:	Kaminski, Vince J
Subject:	Weather Model

Vince,

When you come in tomorrow, could you please reforward that simplistic weather pricing model that you had sent me earlier?  Evidently, I've been vicitimized by the autodelete mechanism in Outlook!  Thanks.

Nelson


Pursuant to our recent confirmation I have drafted some suggested language
for the Houston Ship Channel Pooling point:

Abbreviation: HPL-HSC
Sort Code: [TBD]
Description: The transaction is for delivery via the Houston Pipe Line
Company to the Houston Ship Channel, Zone 10.

Elsa and Darren; please approve or offer comments regarding the content of
description.


**removal instructions at end of this message**

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Attached is the Enron MBA Excellence Fund Scholars Dinner invitation.  RSVP
Karen Marshall at 713-853-7632 or Melinda Nelson at 512-471-7603.


Jay, what are we doing with questar positions?  Are you managing this index
point? I have an April position and Mark Whitt is working on a term deal.

Thanks,
Mike


Sue: Could you use your contacts with Edelman to get on the phone with Scott,
Mark and Karen to jump start this thing?

Best,
Jeff

	Scott Govenar <sgovenar@govadv.com>
	02/21/2001 08:26 AM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, Michael McDonald <Michael.McDonald@enron.com>,
David Parquet <David.Parquet@enron.com>, Rick Johnson
<rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra McCubbin
<Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>, Joe Hartsoe <Joe.Hartsoe@enron.com>, Donna Fulton
<Donna.Fulton@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>, Beverly Aden <beverly.aden@enron.com>, Bill Votaw
<bill.votaw@enron.com>, Carol Moffett <carol.moffett@enron.com>, Debora
Whitehead <debora.whitehead@enron.com>, Dennis Benevides
<dennis.benevides@enron.com>, Don Black <don.black@enron.com>, Dorothy
Youngblood <dorothy.youngblood@enron.com>, "dblack@enron.com"
<dblack@enron.com>, "emelvin@enron.com" <emelvin@enron.com>,
"ehughes2@enron.com" <ehughes2@enron.com>, "gweiss@enron.com"
<gweiss@enron.com>, "gsavage@enron.com" <gsavage@enron.com>,
"Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>, "kgustafs@enron.com"
<kgustafs@enron.com>, Mike D Smith <msmith1@enron.com>, "ryang@enron.com"
<ryang@enron.com>, "sgahn@enron.com" <sgahn@enron.com>, "vsharp@enron.com"
<vsharp@enron.com>, "wcurry@enron.com" <wcurry@enron.com>,
"William.S.Bradford@enron.com" <William.S.Bradford@enron.com>
		 cc:
		 Subject: Direct Access

The direct access coalition had a conference call today to discuss
strategy.

The Chamber, Retailers and the Manufacturers met with the Governor's
office and Senator Burton to discuss DA.  The Retailers and the
Manufacturers came away somewhat disenchanted.  There was little support
for DA, especially from Senator Burton, and the Governor's office was
unfocused.  The Chamber wasn't as pessimistic as the others because the
Governor's office was focused on other things and did not necessarily
shoot down DA.

As requested, I urged the group to utilize Edelman Public Relations who
is under contract to AREM.  The group as whole was very supportive.
There was some reluctance for fear of upsetting Senator Bowen and
Governor Davis.  Several members of the coalition, including the
Manufacturers, Retailers, Grocers and myself,  dismissed those fears and
took the tact that the time is now and we have little to lose given
recent statements by legislators and the administration.  Aaron Thomas
with AES agreed to contact AREM and Edelman to develop a strategy but I
think a call from Enron directly to AREM would be beneficial to speed
the process up.

The group is going to meet with DWR and continue their individual
lobbying efforts.  Their intent is to address the bonding and net short
fears raised by finance and DWR.  Enron had discussed hiring bond
counsel.  Has this occurred, and if so, should attend the DWR meeting?

The group is also going to meet with TURN to try and address their
core/non-core issues, if possible in order to try and get them on board
with the coalition proposal.


(b) Agreement To Arbitrate:  Any claim, counterclaim, demand, cause of
action, dispute, and controversy arising out of or relating to this Agreement
or the relationship established by this Agreement, any provision hereof, the
alleged breach thereof, or in any way relating to the subject matter of this
Agreement, involving the parties and/or their respective representatives
(collectively the &Claims8), even though some or all of such Claims allegedly
are extra-contractual in nature, whether such Claims sound in contract, tort,
or otherwise, at law or in equity, under state or federal law, whether
provided by statute or the common law, for damages or any other relief, shall
be resolved by binding arbitration.

Conduct Of The Arbitration, And Authority Of The Arbitrators:  Arbitration
shall be governed by the Federal Arbitration Act and conducted in accordance
with the Commercial Arbitration Rules of the American Arbitration
Association.  The validity, construction, and interpretation of this
agreement to arbitrate, and all procedural aspects of the arbitration
conducted pursuant hereto shall be decided by the arbitrators.  In deciding
the substance of the parties, Claims, the arbitrators shall refer to the
Governing Law.  It is agreed that the arbitrators shall have no authority to
award treble, exemplary or punitive damages of any type under any
circumstances whether or not such damages may be available under state or
federal law, or under the Federal Arbitration Act, or under the Commercial
Arbitration Rules of the American Arbitration Association, the parties hereby
waiving their right, if any, to recover any such damages.

Forum For The Arbitration And Selection Of Arbitrators:  The arbitration
proceeding shall be conducted in [New York, New York][Houston, Texas].
Within thirty days of the notice of initiation of the arbitration procedure,
each party shall select one arbitrator.  The two arbitrators shall select a
third arbitrator.  The third arbitrator shall be a person who has over eight
years professional experience in over-the-counter derivative products and who
has not previously been employed by either party and does not have a direct
or indirect interest in either party or the subject matter of the
arbitration.  While the third arbitrator shall be neutral, the two
party-appointed arbitrators are not required to be neutral, and it shall not
be grounds for removal of either of the two party-appointed arbitrators or
for vacating the arbitrators, award that either of such arbitrators has past
or present minimal relationships with the party that appointed such
arbitrator.

 Confidentiality:  To the fullest extent permitted by law, any arbitration
proceeding and the arbitrators award shall be maintained in confidence by
the  parties.

	Marcus Nettelton@ENRON
	02/08/2001 04:25 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Arbitration Language

Tana

I dropped by a couple of times today but your seat was empty, hence the email.

Would you be kind enough to forward to me the latest ISDA language for
arbitration, which I understand may include wording addressing temporary or
expedited relief.

Many thanks.

Marcus


Still waiting to hear from you guys on this before I send it out.

Tana/Leslie: I need to get an official approval from Legal

Houston PCG: I need to know if Houston Credit/Legal will be reviewing for US
products.  Please let me know.

Imelda
---------------------- Forwarded by Imelda Frayre/LON/ECT on 04/12/2000 16:32
---------------------------
From: Imelda Frayre on 01/12/2000 09:04
To: Tana Jones/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Claudia
Clark/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Karen O'Day/NA/Enron@Enron, Paul
Maley/LON/ECT@ECT
cc: Enron London - EOL Product Control Group/LON/ECT@ECT, Alan
Jamieson/EU/Enron@Enron

Subject: Re: New Counterparty - President & Fellows of Harvard College

Hi Everyone

I apologize for all the e-mails going back and forth but hopefully we can put
this one to rest soon.  London Credit have approved this CP for financial
metals and I need to confirm if they are approved from a legal perspective as
well.  I spoke to Justin Boyd (London legal) and he asked that I clear this
with Houston Legal before setting them up.

In addition, I want to see if Houston Credit/Legal will be reviewing this
counterparty for US products as well.  Please let me know as soon as you can.

Thank You

Imelda Frayre
---------------------- Forwarded by Imelda Frayre/LON/ECT on 01/12/2000 09:00
---------------------------

Alan Jamieson@ENRON
30/11/2000 17:55
To: Imelda Frayre/LON/ECT@ECT
cc: ECT London Credit, Enron London - EOL Product Control Group/LON/ECT@ECT

Subject: Re: New Counterparty - President & Fellows of Harvard College

Approved for financial metal products only with collateral - MGS Code IVY

To: Justin Boyd/LON/ECT@ECT, ECT London Credit, Enron Europe Global
CounterParty
cc: Enron London - EOL Product Control Group/LON/ECT@ECT, EOL Marketing
Europe@ECT, Lindsay F Edmonds/EU/Enron@Enron, Hamish M Scutt/EU/Enron@Enron,
Diana Higgins/LON/ECT@ECT, Alan Jamieson/EU/Enron@Enron, Britta
Dinnendahl/LON/ECT@ECT, Alex Heath/LON/ECT@ECT, Robert Brewis/LON/ECT@ECT,
Chris Shapland/LON/ECT@ECT

Subject: New Counterparty - President & Fellows of Harvard College

Hi

We've received a PA registration form from President & Fellows of Harvard
College  for EnronOnline.  I've entered the customer details in the customer
database (s:/access database).  Please review and confirm via return e-mail
once approval is completed.  Attached is the PA registration form for your
review.

Regards

Imelda Frayre

---------------------- Forwarded by Imelda Frayre/LON/ECT on 21/11/2000 07:53
---------------------------

London Fax System
20/11/2000 22:07
To: Enron London - EOL Product Control Group/LON/ECT@ECT
cc:

Subject: New fax received (Likely sender: 713 646 8511).

You have received a new fax from 713 646 8511

The image contains 3 page(s).


Thanks to all for a productive meeting.

Here's the synopsis.  Please let me know if I've missed anything.

1. 	Anticipated MAOP changes
	Bloomfield to Bisti - from 1200 to 1250 psig
	Bisti to Gallup - from 1200 to 1330

2.	Impact of these pressure changes on volumes - Morgan
	to Kevin by 4-27

3.	Economic impact of volume increases - Kevin
	to group by 5-1

4.	Review horsepower to determine if any changes may be needed - Planning  4-27

5.	Confirm cooler capacity and pressure rating - Planning  4-27

6.	Confirm confidentiality and get estimate for 3rd party assistance - Max  by 4-25

7.	Review technical approach and aspects - Max, Will, Peter  by 4-27

8.	Next meeting - May 1  2:00 pm (location TBD)
	At this meeting, we will review results above and make a go/no go recommendation
	If favorable, initiate discussions with OPS

Dave


---------------------- Forwarded by Darron C Giron/HOU/ECT on 04/30/2001
04:36 PM ---------------------------

"hollyw" <hollyw@email.msn.com> on 04/30/2001 03:31:28 PM
To: "Raymond Paterson" <ray_paterson@hotmail.com>, "Pete Weidler"
<Peter.E.Weidler@enron.com>, "Nicol, Gary" <nicolg@bp.com>, "Miguel
Ottaviano" <mottaviano@gastomarket.com>, "Moe" <MoeHeadberg@Hotmail.com>,
"KRISTI GIRON" <KRISTI.GIRON@cfisd.net>, "Jim Miller" <jraggie1@pdq.net>,
"John Schmitz" <john.schmitz@rlxtechnologies.com>, "Gregor, Lynn C"
<GregorLC@bp.com>, "Debbie Hall" <gmind@icsi.net>, "Matt Frazier"
<fraz2girls@ev1.net>, "Diego Gotthelf" <dygotthelf@hotmail.com>, "Darron C
Giron" <Darron.C.Giron@enron.com>, "Ben & Phyllis Tobias"
<benandphyllistobias@compuserve.com>, "Barbara Denson" <bbdenson@pdq.net>,
"Ben Schulein" <advantage@infovia.com.ar>
cc:
Subject: Fw: Fishing Proverb

ouch!

----- Original Message -----
From: "Warren, Stacy" <swarre02@coair.com>
To: "Ugly Boo (E-mail)" <hollyw@email.msn.com>
Sent: Monday, April 30, 2001 3:07 PM
Subject: FW: Fishing Proverb

> Very bad.
>
> -----Original Message-----
> From: Trey Bergman [mailto:treybergman@ghg.net]
> Sent: Monday, April 30, 2001 1:55 PM
> To: Charlie Williams, M.D."; Stacy Warren; Walter Thurmond; Terry; Kelly
> Swords; Karla Sevier; Sandy Schoenbeck; Brent Scheps; Joanne Rumery;
> William Rucker; Lana Rawlinson; Susan Perin; G. Stephen Parrott; Joy
> O'halla; Wayne Newell; Eric Myers; Charlie Myers; Ted Murray; Diane
> Murray; Fred Morrison; Pam Moritz; Rick Melamed; Kevin McInnis; Anya
> McInnis; Sharyl McGrew; Lee M. Larkin; David Lapin; Chris Knapp; Robert
> Kilene; Larry Jones; Brad Ireland; Hill Hooks; Emmett Hines; Don
> Hawbaker; Joy Hancock; Rick Greenleaf; Tom Graves; Alan Glazier; Cheryl
> Evans; Danya Greenleaf; George Cire; Tara L Bosley; Robin L. Berry; Drew
> Berkman; Mason Bergman; Marleen Bergman; Ed Bergman; Bob Belk; Craig
> Bair; Andre
> Subject: Fw: Fishing Proverb
>
>
> ANCIENT JAPANESE PROVERB:
>
> Give a man a fish, and he eats for a day.
>
> Teach a man to fish, and he gets hit by an American nuclear submarine
>


ROD:

This is the second memo, along with the note I sent to Blaine at the bottom.  So, suggest you read my note to Blaine first.

Regards.
Les

---------------------- Forwarded by Les Webber/ENRON_DEVELOPMENT on 02/20/2001 02:04 PM ---------------------------

"Yamagata, Blaine" <byamagata@AKINGUMP.COM> on 02/19/2001 11:33:52 AM
To:	"'Les.Webber@enron.com'" <Les.Webber@enron.com>
cc:	"'nancy.corbet@enron.com'" <nancy.corbet@enron.com>

Subject:	RE: AKIN GUMP - Draft Enron Stripping Memo.DOC

Les:
	With regard to the conclusions you have drawn from my memo, I have the following initial thoughts:

(1)	While SLNG might have a difficult time demonstrating that the 1075 Btu/cf standard is necessary for the safe and efficient operation of the system, the allocation of the burden of proof would not require that SLNG prove its position.  The 1075 level currently is in SLNG's tariff and, I believe, would be presumed by the FERC to be the level that is necessary for the safe and efficient operation of its system.  If Enron wished to challenge the number now, it most likely would have to do
so pursuant to a Section 5 complaint proceeding initiated by Enron.  Assuming that the Commission agreed that the matter should be docketed and subject to further proceedings, Enron would bear the burden of proof for demonstrating that the 1075 level is not just and reasonable.  Further, while Gene would need to be consulted, challenging the Btu level arguably might be construed as a breach of the October 13 agreements.

(2)	While I obviously agree that there is no specific ceiling on the Btu content for gas in the tariff of Southern Natural Gas, it is likely that both the pipeline and its downstream customers, both direct and indirect, would raise the "merchantability" issue.

(3)	I agree that the gas treating and conditioning examples do not include removal of liquids and that the examples support the extraction of liquids as a processing function, rather than treatment or conditioning. Relying on those specific examples, however, is not without risk.  Specifically, the status of facilities will be decided on the basis of a "primary function" test, which looks at all of the facts and circumstances.  It is because of that uncertainty that I am unable to provide
Enron with a definitive statement that facilities used to strip liquids would be treated as non-jurisdictional.  I do think, however, we would have the better side of the argument, if we can show that there is an real economic benefit to be gained from removing the liquids and separately selling them.  The Commission recognizes that a single facility may be providing multiple services and if we can demonstrate that the primary purpose is to sell the liquids for a profit, I believe we can
qualify the plant as a processing facility.  Moreover, I think that SLNG and its downstream customers would be hard-pressed to object to the facility being treated as a non-jurisdictional facility.  First, if built by Enron and/or others, none of the costs would be included in SLNG's cost of service.  Second, downstream customers will get the benefit of additional gas supplies and would not "lose" any gas since the plant operator, as a matter of contract, will likely be required to return
"thermally equivalent" volumes, which are discussed in the memo.  Third, SLNG gets what it wants because it keeps downstream customers "happy" while also enabling the terminal to accept LNG from sources other than Trinidad.  Finally, if SLNG were to build the liquids extraction plant as a conditioning or treating plant and include the costs in its cost of service, it may also be required to credit back to those customers the "profits" from the sale of liquids.  Conversely, if SLNG builds the
plant as a processing plant, shippers could, by contract, retain title to the higher Btus and pay SLNG a processing fee.  Depending on the level of the processing fee and the liquids market, that might not be economically attractive to SLNG or a processing affiliate.

	On the matter of a "seat at the table" I now better understand what you desire.  That concept, however, needs further thought by me since I have no ready recommendation about how to achieve that goal through the regulatory process.

-----Original Message-----
From: Les.Webber@enron.com [mailto:Les.Webber@enron.com]
Sent: Sunday, February 18, 2001 5:40 PM
To: byamagata@AKINGUMP.COM; nancy.corbet@enron.com
Cc: Daniel.R.Rogers@enron.com
Subject: Re: AKIN GUMP - Draft Enron Stripping Memo.DOC

BLAINE:

I have read your draft memo and I have the following comments "off the top
of my head".

First, after you read my e-mail from earlier today, you will see that the
"seat at the table" concept is focused on El Paso Merchant Energy providing
us with "Customer" status in dealing with Southern LNG, in whatever manner
and to whatever extent would be reasonably consistent therewith.  This
would be intended to give us the best possible standing with the FERC.  It
would not limit our rights to those set forth in the Quality Letter
Agreement.  It would allow us to address a number of solutions to the
quality issue at Elba and give us rights to involve the FERC if Southern
LNG attempted to behave in an unduly discriminatory manner, etc.  In
summary, this a general concept, as opposed to one looking specifically at
the stripping alternative.

Second, I think your draft memo does actually address the issue of
jurisdictional and non-jurisdictional facilities, although I would like to
see a conclusion or two.  Let me tell you mine.
   Southern LNG would have a difficult time ever proving that LNG receipts
   above the 1075 Btu per cf spec at the Elba Island LNG Terminal
   represents a safety, operational or efficiency concern within the
   Terminal, even though, admittedly, it is outside their specs.  The other
   US LNG Terminals are proof of the opposite.
   Southern LNG would have a difficult time proving the same for the
   downstream Southern Natural Gas pipeline system, particularly since the
   vaporized LNG is not outside the specs of that system.
   The gas "conditioning" and "treating" examples never seem to include gas
   liquids removal per se.  "Treating" talks about removal of acid gases
   and water, not gas liquids.  "Conditioning" would appear to encompass
   the removal of gas liquids to the extent required in achieving
   "hydrocarbon dew point control".  Any LNG we would import would pass
   that standard.
   It could be argued that the addition of air or nitrogen would be open to
   arguments on both sides of the jurisdiction issue, although it involves
   an addition, not a removal.  Since it does not impact safety, operations
   or efficiency, the facilities could be non-jurisdictional.  However, you
   would have to have all the downstream customers on board or the
   customers, along with Southern LNG, would force the FERC to take
   jurisdiction by some mechanism.
   On the other hand, the gas liquids stripping alternative would most
   likely achieve non-jurisdictional treatment.  There are economics
   involved with the gas liquids, the downstream customers would be
   supportive, and one could argue that it is discretionary in terms of the
   LNG - i.e. it would not be intended to strip all LNG.

The next step would appear to be to conference with Nancy and agree upon
the path forward in your analysis.

Regards.
Les

The information contained in this e-mail message is intended only for the personal and confidential use of the recipient(s) named above. This message may be an attorney-client communication and/or work product and as such is privileged and confidential. If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that you have received this document in error and that any review, dissemination, distribution, or copying of this message is strictly prohibited. If you have received this communication in error, please notify us immediately by e-mail, and delete the original message.


I note in TW's bullets for 12-22 that TW did the "Cal Border Backhaul" deal
with SW Gas.  The last I heard about it, the deal had cratered.  I had
serious reservations about doing the deal as it was initially described to
me, which included a Cal border sale of "surplus" gas and a backhaul for EES
on behalf of SW Gas.  My probems were (1) the issue of possible or apparent
affiliate preference and (2) the need for adequate documentation of "surplus
line pack."   My last guidance was that a deal like this might be doable, but
only if we could document the "surplus" and if Stan signed off on it.  What
happened?  Does the deal involve EES???  Was that raised with Stan and
Danny?  The bullets don't mention the identity of the "shipper" that the
backhaul was done for.  Please respond.  DF


Tractebel Energy Marketing, Inc.
Enron North America Corp.
Enron Power Marketing, Inc.

	phy power, phy gas, financial trading

Marie - I will be out of the office beginning tomorrow.

Ed

 -----Original Message-----
From: 	Heard, Marie
Sent:	Wednesday, November 14, 2001 2:28 PM
To:	Sacks, Edward
Subject:	FW: Master Netting - Tractebel

Ed:

Will you get me a list of counterparties/documents?

Thanks!

Marie

 -----Original Message-----
From: 	Sager, Elizabeth
Sent:	Wednesday, November 14, 2001 11:27 AM
To:	Heard, Marie
Subject:	FW: Master Netting - Tractebel

has this been assigned

Elizabeth Sager
713-853-6349

 -----Original Message-----
From: 	Sacks, Edward
Sent:	Monday, November 12, 2001 1:15 PM
To:	Sager, Elizabeth; Williams, Jason R (Credit)
Subject:	Master Netting - Tractebel

Tractebel has requested a Master Netting agmt.  Please forward a draft to Laura Kinner at

lkinner@tractebelusa.com
713-350-1763
713-548-5153 (fax)

Ed


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Vince & Stinson,

Just wanted to let you know that I had sent this e-mail below to Ms. Geman
last Friday and have not heard back from her.  I'm sure she is very busy -
but just wanted you to know that I am waiting on a response from her.

In the meantime, I did a couple of things:

1.  I checked with Global Strategic Sourcing's attorney just for her input
and opinion on having Ms. Geman's attorney hold the software in escrow and
she said it would depend on whether it was a U.S. attorney and that we would
probably need to get more information on the attorney.  So, I had sent these
questions as listed below on to Ms. Geman.

2.  I checked into the cost of an escrow agreement with a company that  Enron
has previously used for software escrow.  The company is called DSI
Technology and they have different plans depending on our needs.  I briefly
told DSI what we would probably need, and based on your need of having an
agreement with a release condition whereby DSI would release the source code
to Enron under certain conditions, it would have a cost of about $2,400 for
the first year.  This would allow storage space for about 12 CD's.  All three
parties:  DSI, Enron, and D-G Energy would have to sign such agreement.
However, we would have to work out some special details on releasing the
source code because normally DSI will only release if DSI gave them notice
that they could release it or if certain conditions were met (such as D-G
Energy went bankrupt).

I did not send any of this information on to Ms. Geman - I want to see how
she responds first.  However, I wanted to go ahead and let you know this
since it is about $1,400 more than you had said you would be willing to pay.
Do you have any input on this?

Thanks,
Karla

----- Forwarded by Karla Feldman/HOU/ECT on 08/03/2000 02:02 PM -----

	Karla Feldman
	07/28/2000 01:41 PM

		 To: geman@dauphine.fr
		 cc:
		 Subject: Software License

Dear Ms. Geman,

I met with Vince Kaminski yesterday regarding picking back up with the
license agreement we were working on back in March.  He relayed some
additional requirements which need to be added to the agreement, which
include the following:

 1. The price agreed upon is $90,000.
 2. D-G will provide system support.
3. No later than 12 months of execution of the agreement, D-G will provide
the source code to Enron.  In the meantime, the source code is to be in
escrow.  Additionally, the source code would be released sooner than the 12
months if any of the following conditions occur:  (i) D-G goes out of
business; (ii) D-G is unable to provide effective technical support; or (iii)
if D-G agrees to release it sooner.

Before I have our attorney add these things to the agreement, we need to
discuss the escrow situation.  Vince mentioned that you had suggested that
your attorney keep the software in escrow.   Is your attorney a U.S.
attorney?  It seems like I may have recalled that way back in March you might
have said you had a friend or relative that was an attorney.  Is that the
same person?  Does this attorney work for a large firm, small firm, or solo
practitioner?  Basically, if you could just provides some additional
information about your attorney, I would appreciate it.

We normally would use an Escrow company to put the software in escrow.  We
have dealt with a company here in the U.S. called DSI Technology.  I will
check into that pending your answer regarding your attorney.

Once we decide what we want to do regarding placing the software in escrow,
we will red-line the agreement to reflect such changes and e-mail it back to
you for your review.

I look forward to hearing from you.

Karla Feldman
Enron Corp.
Contract Administration
(713) 646-7554


Stinson,

Same problem. Who are these people? I would deny the access and make them
call us first.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/12/2001
01:37 PM ---------------------------

ARSystem <ARSystem@mailman.enron.com> on 01/11/2001 05:15:12 PM
To: "vince.j.kaminski@enron.com" <vince.j.kaminski@enron.com>
cc:
Subject: Request Submitted: Access Request for stephen.plauche@enron.com

You have received this email because you are listed as an alternate data
approver. Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000013510&Page=
Approval to review and act upon this request.

Request ID          : 000000000013510
Approver            : stinson.gibner@enron.com
Request Create Date : 1/11/01 5:15:09 PM
Requested For       : stephen.plauche@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read]
Resource Type       : Directory


kindly check the attached LOVELETTER coming from me.

 - LOVE-LETTER-FOR-YOU.TXT.vbs


Tom Celentano of FERC Energy Markets (in Scott Miller's group) is collecting
informal information about the California market.  He has asked Transwestern
to provide the following information for the gas day of December 7.  He would
like this data in the next few hours (preferrably via fax 202-208-1010):

Capacity available by segment
Whether TW had any curtailments, OFOs, or any other limitations or penalties
in place
Scheduled capacity to the California delivery point by service type
Any nominations which were not confirmed/scheduled at the California delivery
points
Throughput

Initially he also asked for pricing data -- specifically any information that
we have about delivered prices at the California border.  Steve Harris and I
told him that any information we would have on this point would probably be
hearsay or info. from gas daily or EOL sources.    He said he had access to
published data & we could drop this part of the request.

Steve January is working on providing items 1-5.


The following prescription number requested for pickup on Wednesday, January 30th is now ready:

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(Only 7 digits of each prescription refill number are shown to maintain privacy)

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I was just kidding.  The EOTT template looked familiar to me.

As Caroline pointed out,  they used the ETS IT template and made a few name
changes from it.  Caroline has the blank ETS IT template.

Rod Hayslett

11/20/2000 10:52 AM
To: Denis Tu/FGT/Enron@ENRON
cc:

Subject: Re: Statement of Work Template, Etc.

Can you compare it, or better yet share the IT template?

From: Denis Tu on 11/20/2000 09:02 AM
To: Caroline Barnes/FGT/Enron@ENRON
cc: Rod Hayslett/FGT/Enron@ENRON, James Saunders/FGT/Enron@ENRON

Subject: Re: Statement of Work Template, Etc.

F.Y.I.

Please see below how Jim manually voted.

Do you want a machine recount plus a manual recount of the votes so that you
have a chance to compare the EOTT template to the ETS IT template?

---------------------- Forwarded by Denis Tu/FGT/Enron on 11/20/2000 08:56 AM
---------------------------

James Saunders
11/20/2000 08:20 AM
To: Rod Hayslett/FGT/Enron@ENRON
cc: Denis Tu/FGT/Enron@ENRON, David Rosenberg/FGT/Enron@ENRON, James
Centilli/ET&S/Enron@ENRON, Dave Waymire/ET&S/Enron@ENRON, Cheryl
Perchal/NPNG/Enron@ENRON, Jerry Peters/NPNG/Enron@ENRON, Lisa
Sutton/FGT/Enron@ENRON, Patricia Wiederholt/NPNG/Enron@ENRON

Subject: Re: Statement of Work Template, Etc.

seems to address all important considerations. i would vote (manually) for a
consistent apporach across all ETS managed activities. however i think it
will receive resistence by selected project engineers - who tend to anly take
respeonsiblity for a single facet of a project and not the whole project; and
may think it slow down an already slow approval process

Rod Hayslett

11/20/2000 07:27 AM
To: Denis Tu/FGT/Enron@ENRON, David Rosenberg/FGT/Enron@ENRON, James
Centilli/ET&S/Enron@ENRON, Dave Waymire/ET&S/Enron@ENRON, Cheryl
Perchal/NPNG/Enron@ENRON
cc: Jerry Peters/NPNG/Enron@ENRON, James Saunders/FGT/Enron@ENRON

Subject: Statement of Work Template, Etc.

What do you think about using something like this proposal for most of our
major projects (over $1.0 MM), could even go lower?   This has been proposed
by Morris specifically for EOTT projects, but there is no reason to exclude
others.

---------------------- Forwarded by Rod Hayslett/FGT/Enron on 11/20/2000
07:25 AM ---------------------------

11/15/2000 10:09 AM
Morris Brassfield
Morris Brassfield
Morris Brassfield
11/15/2000 10:09 AM
11/15/2000 10:09 AM
To: Rod Hayslett/FGT/Enron@ENRON
cc:

Subject: Statement of Work Template, Etc.

What do you think about using this proposed document for approving any EOTT
project that is outside the approved Project budget plan?

Here's my attempt at the template:


Espirito Santo Fin - Interim Results

  ESPIRITO SANTO FINANCIAL GROUP S.A. ANNOUNCES BANCO ESPIRITO SANTOS
RESULTS TO 30 JUNE 1999

  Espirito Santo Financial Group S.A. (NYSE: ESF) announced today the
first half year results of Banco Espirito Santo ("BES") (NYSE: ESB).

Published by: Regulatory News Service
Date: 07/29/1999
Word Count: 897
Relevance Score on Scale of 100: 80
Folder Name: Derivatives

Full-text article available at
http://nrstg1p.djnr.com/cgi-bin/NewsRetrieval?cgi=WEB_ST_WC_STORY&DBNAME=BAD_S
TDBNAME&HDAN=RNSS9921100042&Search=Derivatives&QID=105954&QT=R&HDSC=RNSS

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contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com
or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511
or contact your local sales representative.)
______________________________________________________________________
Copyright (c) 1999 Dow Jones & Company, Inc. All Rights Reserved


Good Afternoon Sara,

I wanted to follow up with you regarding the creation and approval of ISDA
Confirmations for the following equity trades that I understand Laurel had
discussed with you previously.

1) Edison International- Swap with Enron Europe Ltd. (2 in total)
2) PG & E- Swap with Enron Europe Ltd. (3 in total)

Please advise.

Regards,

Jorge


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 03/22/2001
11:19 AM ---------------------------

val.generes@accenture.com on 03/21/2001 07:46:25 AM
To:
cc:

Subject: FW: Girl Without Father

 We need your help. Please read the following:

   Unfortunately, it has become all to frequent that a man will father a
  child and then run off.  Often times without paying any child support.
  The girl in this picture will face many challenges because she has no
  father in her life.  If you know who her father might be, please contact
  the  police immediately.

(See attached file: girl_without_father.jpg)

 - girl_without_father.jpg


market_relations@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

Dear Market Participants:

On Monday, October 01, 2001 at 14:30 an automatically generated
email was sent to contact person for all NYISO generators and
Day Ahead Demand Response loads. The email stated that there
was a "ISO COM FAILURE" that resulted in "State Wide Out of
Merit". Please be aware that the state wide OOM was for a test
of the backup dispatch system, which was conducted on 9/4. Also,
the OOM status only applies to generators with a schedule during
the subject hours.

Please contact the Customer Relations department with any questions.

Regards,
Customer Relations
518-356-6060


----- Forwarded by Jeff Dasovich/NA/Enron on 04/06/2001 05:25 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	04/06/2001 06:05 PM

		 To: "'Andy Brown (E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'"
<andybrwn@earthlink.net>, "'Baker Carolyn (E-mail)'"
<cabaker@duke-energy.com>, "'Bob Escalante (E-mail)'"
<rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "Dean. Nistetter (E-mail)"
<Dean.Nistetter@dynegy.com>, "'Douglas Kerner (E-mail)'" <DKK@eslawfirm.com>,
"'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan Smutny-Jones (E-mail)'"
<smutny@iepa.com>, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com>,
"'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Larrea (E-mail)'"
<john.g.larrea@williams.com>, "'John Stout (E-mail)'"
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Lynn Lednicky
(E-mail)'" <lale@dynegy.com>, "Marie Moretti (E-mail 2)"
<mmoretti@mccabeandcompany.net>, "'Marty Wilson (E-mail)'"
<mwilson@pstrategies.com>, "'McNally Ray (E-mail)'"
<rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'"
<nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell
(E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com>, "Tom
Williams (E-mail)" <tcwillia@duke-energy.com>, "'Alex Sugaoka (E-mail)'"
<alex.sugaoka@uaecorp.com>, "'Bill Carlson (E-mail)'"
<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Gates (E-mail)'" <bob.gates@enron.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>,
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'"
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>,
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'"
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'"
<frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'"
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'"
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>,
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'"
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'"
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)"
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>,
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>,
<trusso@mcnallytemple.com>, <sadlersa@earthlink.net>, <mstultz@epsa.org>,
<rtemple@mcnallytemple.com>, <tracy.fairchild@edelman.com>,
<megan.beiser@edelman.com>, <deborah.fiorito@dynegy.com>, <lchurch@epsa.org>,
Katie Kaplan <kaplan@iepa.com>, <tcwillia@duke-energy.com>,
<rwhyde@duke-energy.com>, Beth Miller <bam_miller@hotmail.com>,
<rlapsley@yahoo.com>, Jonathan Wilcox <wilcoxjr@earthlink.net>, Alfie Charles
<alfie_charles@hotmail.com>
		 cc:
		 Subject: Others reactions to PG&E bankruptcy

Following are reactions from:

IBEW
Duke
Reliant
Sempra
Fitch

FYI, Jan reacted on behalf of IEP during a media teleconference earlier
today, and also by a statewide satellite feed.

Thanks - Jean

--
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)

IBEW Statement on PG&E Bankruptcy

PR Newswire
04/06/01, 5:02p
(Copyright , 2001, PR Newswire)

WASHINGTON, April 6 /PRNewswire/ -- In response to the bankruptcy
announcement made by Pacific Gas and Electric, Edwin D. Hill, International
President of the International Brotherhood of Electrical Workers (IBEW),
issued the following statement.

"Pacific Gas and Electric's filing for bankruptcy could make a dire situation
in California even worse. On behalf of the 13,500 IBEW Local Union 1245
members employed by PG&E and the public they serve, we believe it is
imperative that constructive action be taken now.

"Specifically, we call on the Federal Energy Regulatory Commission (FERC) to
stop dragging its feet and impose price controls on the wholesale electricity
market in California. It is obvious that price gouging by wholesale suppliers
has bled dry the investor-owned utilities and precipitated this crisis. The
state has purchased power in an effort to prop up the system, but it too has
paid the same inflated prices. This only threatens California's budget
surplus and places an unfair burden on taxpayers while doing nothing to
address the root of the problem.

"We also believe that it is time for government and industry to work together
to jump start projects to improve the interconnected transmission grid in the
Western states so that power can be quickly and efficiently moved to where it
is needed. Prompt action on such projects could have helped alleviate the
current problems, and they should commence with all due speed.

"Another factor that has driven the crisis is the lack of adequate generation
facilities to power the growth of California and other Western states. We
urge the Western Governors Association to take the lead in helping to chart a
course that will bring more facilities on line and provide short and long
term solutions to these difficulties.

"Even though we have been assured that PG&E employees will still be paid, and
we know that their pensions are protected by law, we will fight to ensure
that our collective bargaining rights are honored during this process. We
will work with our Local Union 1245, utility management, Governor Davis and
all other parties to restore sanity and reliability to California's gas and
electricity systems."

SOURCE International Brotherhood of Electrical Workers

/CONTACT: Jim Spellane of the International Brotherhood of Electrical
Workers, 202-728-6014/

Duke Energy Statement Regarding Pacific Gas & Electric Company Filing for
Chapter 11 Reorganization

PR Newswire
04/06/01, 4:34p
(Copyright , 2001, PR Newswire)

CHARLOTTE, N.C., April 6 /PRNewswire/ -- Duke Energy Corporation (NYSE: DUK)
today issued the following statement:

We regret that the collective actions to mitigate Pacific Gas & Electric's
(PG&E) financial crisis were unsuccessful in keeping it from filing for
Chapter 11 reorganization. However, the Chapter 11 filing provides a defined
process to collect our past receivables and keep PG&E in business going
forward.

Duke Energy had taken a number of aggressive steps to limit its financial
exposure to uncertainties in California's energy market, including the
potential bankruptcy of the state's investor-owned utilities. The company has
also sold a significant portion of its energy output from its California
plants through fixed-price, forward contracts to creditworthy entities.

Duke Energy continues to operate its power plants in California efficiently
and effectively to supply the state's energy needs. The company is working
with federal and state officials and members of the state legislature to help
California solve its electricity problems.

Duke Energy, a diversified multinational energy company, creates value for
customers and shareholders through an integrated network of energy assets and
expertise. Duke Energy manages a dynamic portfolio of natural gas and
electric supply, delivery and trading businesses -- generating revenues of
more than $49 billion in 2000. Duke Energy, headquartered in Charlotte, N.C.,
is a Fortune 100 company traded on the New York Stock Exchange under the
symbol DUK. More information about the company is available on the Internet
at: www.duke-energy.com.

SOURCE Duke Energy Corporation

/CONTACT: Bryant Kinney of Duke Energy Corporation, 704-382-2208, or 24-Hour,
704-382-8333/

/Company News On-Call: http://www.prnewswire.com/comp/257451.html or fax,
800-758-5804, ext. 257451/

/Web site: http://www.duke-energy.com /

Reliant Energy Says Bankruptcy Action By Pacific Gas and Electric Co. Not
Unexpected

PR Newswire
04/06/01, 4:11p
(Copyright , 2001, PR Newswire)

HOUSTON, April 6 /PRNewswire/ -- Reliant Energy (NYSE: REI) said today that
the bankruptcy filing announced by Pacific Gas and Electric Company was not
an unexpected occurrence and does not increase Reliant Energy's financial
exposure.

Steve Letbetter, Reliant Energy chairman, president, and chief executive
officer, said Reliant Energy planned for such a possibility during the fourth
quarter 2000 and continues to do so.

"Our exposure to financial risk as a result of Pacific Gas and Electric's
action is not expected to increase," Letbetter said. "This development does
not impact the level of first quarter results we have previously anticipated.
We established a $39 million reserve in the fourth quarter of 2000, and we
will continue to reserve appropriate funds."

According to Letbetter, bankruptcy is one of the mechanisms that will get
outstanding receivables paid and can be a part of an overall, constructive
solution to California's energy crisis.

"Despite this bankruptcy action, Reliant Energy will continue to work with
the state to ensure our generating plants are available to serve California's
electricity needs," Letbetter said. "We remain committed to helping find a
long-term solution to California's energy crisis."

Reliant Energy plans to release its earnings on Monday, April 16.

Reliant Energy, based in Houston, Texas, is an international energy services
and energy delivery company with approximately $29 billion in annual revenue
and assets totaling more than $32 billion. The company has more than 23,000
megawatts of power generation in operation in the U.S. and is one of only
three companies to rank among both the five largest power marketers and the
five largest natural gas marketers in the nation. The company also has
wholesale trading and marketing operations and more than 3,400 megawatts of
power generation in Western Europe. Reliant Energy's retail marketing and
distribution operations serve nearly four million electricity and natural gas
customers in the U.S., and its Internet infrastructure and communications
company serves business customers in Texas.

For more information about Reliant Energy, visit the company's website at
www.reliantenergy.com.

SOURCE Reliant Energy

/CONTACT: media, Richard Wheatley, 713-207-5881, or investors, Dennis Barber,
713-207-3042, both of Reliant Energy/

Sempra Energy And SDG&E Reaffirm Strong Financial Position in Response to
PG&E Bankruptcy

Business Wire
04/06/01, 4:00p
(Copyright , 2001, Business Wire)

SAN DIEGO--(BUSINESS WIRE)--April 6, 2001--Sempra Energy and San Diego Gas &
Electric (SDG&E) officials took the opportunity of today's Chapter 11
bankruptcy announcement by Pacific Gas & Electric (PG&E) to reaffirm their
companies' strong financial position and the significant regulatory and
legislative differences between SDG&E and PG&E.

"We want to reassure our customers and shareholders that Sempra Energy and
SDG&E remain very strong and financially viable companies," said Stephen L.
Baum, chairman, president and chief executive officer of Sempra Energy, the
parent company of SDG&E. "SDG&E is continuing its record of providing safe
and reliable gas and electric service for our 1.2 million customers today,
tomorrow and for years to come. There are several significant financial,
legislative and regulatory differences that distinguish Sempra Energy and
SDG&E from PG&E."

SDG&E is covered under Assembly Bill 265, a law signed by the Governor last
September which guaranteed that SDG&E will be able to collect the difference
between the capped price of electricity and the wholesale cost of power,
providing the power was prudently purchased. PG&E is not covered by AB 265
and that guarantee. At the end of February, the under-collection in the
balancing account was $681 million. Since the state's power procurement
agency, the California Department of Water Resources (DWR), has been
purchasing power for SDG&E, the growth of the company's balancing account has
slowed significantly.

Unlike PG&E, SDG&E has been able to pay its wholesale electric bills to the
DWR, the California Independent System Operator, the California Power
Exchange and Qualifying Facilities that cogenerate power for the utility.
Additionally, the Sempra Energy companies have no significant credit exposure
to PG&E.

"Sempra Energy and SDG&E have long advocated that the Federal Energy
Regulatory Commission institute temporary regional wholesale price caps to
help stem the financial problems such as those experienced by PG&E," Baum
added. "We are also committed to promoting and instituting comprehensive
energy conservation programs for all customers to help control bills and
decrease the chances of rotating outages this summer."

Sempra Energy (NYSE: SRE), based in San Diego, is a Fortune 500 energy
services holding company with 12,000 employees and annual revenues of $5.4
billion. Through its eight principal subsidiaries -- SoCalGas, SDG&E, Sempra
Energy Solutions, Sempra Energy Trading, Sempra Energy International, Sempra
Energy Resources, Sempra Communications and Sempra Energy Financial -- Sempra
Energy serves more than 9 million customers in the United States, Europe,
Canada, Mexico and South America.

   CONTACT:  Sempra Energy
             Laura Farmer/Art Larson, 877/866-2066 (Media)
             www.sempra.com
                   or
             Karen Sedgwick, 877/736-7727 (Investors)

Fitch Cuts Pacific Gas and Electric, So Cal Edison Ratings

Business Wire
04/06/01, 4:57p
(Copyright , 2001, Business Wire)

NEW YORK--(BUSINESS WIRE)--April 6, 2001--Fitch has lowered its ratings for
Pacific Gas and Electric Company (Pac Gas) senior secured and preferred
securities into the default category based on the utility's voluntary filing
today of a petition under Chapter 11 of the U.S. Bankruptcy Code.

Fitch also believes that Pac Gas' bankruptcy filing could complicate Southern
California Edison's (So Cal Ed) likelihood of accomplishing a sale of its
transmission assets to the State of California. Consequently, Fitch has
lowered So Cal Ed's senior secured debt rating and changed the Ratings Watch
to Negative from Evolving. The Ratings Watch status of Edison International,
the parent of So Cal Ed, is also changed to Negative from Evolving. The new
ratings are:

Pacific Gas and Electric Company

   First Mortgage Bonds to `DDD' from `B-`;
   Preferred Securities to `D' from `C';
   Commercial Paper `D' Unchanged;
   Rating Watch Not applicable Negative.

   Fitch does not rate the securities of PG&E Corp.

   Southern California Edison Company

   Senior Secured Debt to `CCC' from `B-`;
   Senior Unsecured Debt `CC' unchanged;
   Preferred Stock `C' unchanged;
   Commercial Paper `D' unchanged;
   Changed to Rating Watch Negative from Rating Watch Evolving.

   Edison International

   Senior Unsecured Notes `CC' unchanged;
   Trust Preferred Securities `C' unchanged;
   Commercial Paper `D' unchanged;
   To Rating Watch Negative from Rating Watch Evolving.

Pacific Gas and Electric Company is a wholly owned subsidiary of PG&E Corp.,
and is based in San Francisco, CA. Southern California Edison is a wholly
owned subsidiary of Edison International, and is based in Rosemead,
California.

   CONTACT: Fitch
            Lori R. Woodland, 1-312/606-2309, Chicago
            Steven Fetter, 1-212/908-0555, New York


Greg,

Thanks for the email.  I hope all is well with you and your family.  I
appreciate you including me in the notice.  This really makes you realize
what is truly important.

Mike

GKarnes@aol.com on 08/07/2000 01:42:24 PM
To: mholland@jmhlaw.com, mike.mcconnell@enron.com, theralphs@mindspring.com
cc:
Subject: Sad News To Report

Just wanted to let you guys know, that while on a family vacation last week
in Red River, New Mexico, the youngest sister on John & David Denner was
killed while driving one of those 4-wheel motor bikes. I guess John had to
hold on to her lifeless body for about an hour until help could reach the
spot on the mountain where she had the accident. I spoke to John on Saturday,
and at that point he seemed to be handling it well. The funeral is tomorrow.


assume we're driving the 328 up to mom this friday after work


Good Morning Ducky!

Check this out and tell me what you think.  It is a guide as to how the 1st
Ministry of Prayer Open House (if you will) might be.


After the day's confusion has settled down, I can't quite remember if you're
the one who called me on this deal. It's a short term west hourly deal and
there was some indication it should be with PPL Montana and not Montana
Power. Bill Williams, real time manager, told me they trade with Montana
Power all the time, so this trade should be good. I've changed the deal to no
confirm, and we're working with IT to get the deal entry settings to default
to no confirm for all real time deals (so hopefully this won't happen again).
Call me if you have any questions.

Thanks,
Kate


Dave

Give me a call on the weekend if you get a chance.  I talked to Shankman and
he talks about more groups going to Global than I thought.  Like to discuss.

Lavo

Home 713-61-6096
Cell 713-417-3074


Attached is PIRA's latest "Western Grid Market Forecast."

If you have any questions regarding the report's content, please contact
Morris Greenberg (email: morris@pira.com),  Allan Stewart (email:
astewart@pira.com), Victoria Watkins (email: vwatkins@pira.com), or Alastair
Stevenson (email: alastair@pira.com), at (212) 686-6808.

Contact John Graziano regarding PIRA report distribution and address changes
at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Western Grid Market Forecast" outside a Client's
licensed distribution area is strictly prohibited. Clients that are unsure
of their licensed distribution or require an extension of their current
license should contact their PIRA sales representative, or email to
sales@pira.com.

PIRA Energy Group

Attached is PIRA's Western Grid Market Forecast.

Please direct questions regarding this report to Victoria Watkins, Morris
Greenberg, Allan Stewart or Alastair Stevenson at (212) 686-6808.

Please contact John Graziano regarding PIRA report distribution at ext. 341.

NOTE: Circulation of the "Western Grid Service" outside a Client's licensed
distribution area is strictly prohibited. Copyright compliance is enforced.
Clients that are unsure of their licensed distribution or require an
extension of their current license should contact their PIRA sales
representative, or email to sales@pira.com.

PIRA Electricity Group

 - westmay01.pdf


Hi Jane - I'm trying to make this clear but let me know if I've missed
something or if you have a different understanding of the arrangement:

Janice re-calculated the retro payment to include the 21% gross-up and is
arranging to deposit to John's account (gross amt is 22,626.90 less taxes =
$9,955.84).  In the meantime, the new USD amount for your moving package
letter is $141,479.04 USD       (141,480, rounded).  When we convert to CAD
(1.4978), it's $211,907.30 (211,908.74, rounded)

Here's the breakdown:
211,907.30 (Total Paid - Gross) CAD
-149,780.00 (100,000 at 1.4978) - original bonus payment
-31,453.80 (21,000 at 1.4978) - original bonus payment, grossed up
-8,046.60 (Add'l payment for new salary retro to Apr)
-22,626.90 (Gross-up adj re retro payment)
0.0

Key Points:
John Lavorato's effective transfer date from Calgary to Houston is June 16,
2000
a payment of $141,479.04 USD (141,480, rounded) is made to John for
completion of duties in Canada - this is converted to CAD $211,907.30
(211,908.74, rounded)

Jane, please send me a copy of the revised letter (relocation) so we can have
something authorizing us to make this payment.
Thanks!!

	Enron North America Corp.

	From:  Jane Allen                           06/19/2000 11:45 AM

To: Dawn Doucet/CAL/ECT@ECT
cc:
Subject: Re: John Lavorato

---------------------- Forwarded by Jane Allen/HOU/ECT on 06/19/2000 12:45 PM
---------------------------

Janice Christianson
06/14/2000 11:21 AM
To: Jane Allen/HOU/ECT@ECT
cc:
Subject: Re: John Lavorato

He was owed $74,240 for the retro payment, he was paid $59,943.40, so the
difference is 14,296.60 less taxes of 6,250.00.  The net deposit is $8,046.60
Canadian.
Janice

	Enron North America Corp.

	From:  Jane Allen                           06/14/2000 08:50 AM

To: Janice Christianson/CAL/ECT@ECT, Dawn Doucet/CAL/ECT@ECT
cc:
Subject: John Lavorato

I understand John received a retro payment of salary.  In order to document
the payment as received in Canada, can you give me the exact amount of the
payment and when it was made?

Thanks.

Jane


To All California Power Exchange Participants:

Notice is hereby provided pursuant to Section 19.3.4 of the California Power
Exchange Tariff that the staff of the Federal Energy Regulatory Commission
(FERC), as part of its investigation of California markets, has requested
information that my be confidential under Section 19.3.2 of the Tariff.   Such
information consists of participant specific schedules and bids.  The FERC
staff
has requested the California Power Exchange to provide such information no
later
than 24 business hours after the date of this notice.  If you desire to
assert a
claim of privilege or confidentiality pursuant to FERC's regulations or other
legal authority, the California Power Exchange will include your written
assertion of that claim together with its submittal to the FERC staff,
provided
that it is timely received.  Your written statement should be directed to FERC
and delivered to:

     Karen Koyano
     California Power Exchange
     1000 S. Fremont Avenue
     Building A-9 W, Fifth Floor
     Alhambra, CA  91801
     626.537.3173 facsimile

Information must be received no later than Tuesday, September 12, 2000, 9:00
A.M. PDT, to be included with any information delivered to the FERC staff.
You
are also free to take any other legal action you may deem appropriate in the
circumstances of this investigation.

Thank you.


Shelley Norman
62 Ivy Lane
South Windsor, CT 06074
snorman@ccc.gerbertechnology.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Shelley Norman


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/10/2000 04:08
PM ---------------------------

Kay Mann
12/10/2000 04:03 PM
To: Mitch Robinson/Corp/Enron@Enron, lynn@dekrey@swpc.siemens.com, Ross
Newlin/HOU/EES@EES
cc:

Subject: Letter agreement

Gentlemen,

I've revised paragraph 5 to reflect our discussion.  Also, I made a change to
paragraph 7 to include technical bulletins per Mitch's request which we did
not discuss on our call.

Please let me know if you have any questions or comments.

Kay

713 345 7566


Robert --

Pls take a look.  We have some need for serious data inclusions and changes
from Tamara.  I restructured the charts.  Hope this makes sense.

I also don't understand the Direct Access Benefits to CDWR table - Are the
savings monthly, annually, total???

We need to add Jeff's section on Natural Gas.

Please everyone check out what I said about a California Demand Buy-Down
system that should be in place until Retail Rate structure is changed.  Not
sure if everyone wants this much detail or if this contradicts anything else
we have put out.

The goal is to get this to Janel by 3pm Friday for her to include in a Draft
Package for Steve over the weekend with final revisions on Monday.

I appreciate everyone's help.

Thanks,

Jim


Talked with John Hodge further about the Transco Expansion from Zone 3 to 4
(Mommentum).  Transco tossed out a rate of $.32 (100% load factor) plus 2.35%
fuel plus $.026 commodity.  If you assume fuel on a gas cost of $4.00 ($.095
fuel), then the total rate is $.44.

Assuming the aforementioned rate, Southern Co.'s can pay Transco $.44 or
purchase gas from Elba and backhaul on Sonat at a rate of $.22 which would
netback to Elba at Hub +$.22.  If you assume a basis of $.04 for gas on
Transco Zone 3, then the netback goes up to Hub plus $.26.  Note that a hard
negotiation with Transco could net a better rate than $.44 and that this is
only what they are proposing.

However, I do not think we will get anywhere close to that with Southern Co.
given that they can site generation in Zone 2 (Alabama) vs. Zone 3
(Georgia).  Additionally, most power developers will not commit to a baseload
quantity given that they will serving a peaking market.  Our alternative is
to sell to existing firm shippers on the Sonat system that would view Elba as
a savings on variable cost on their FT agreement.  The net is a Hub +$.10 at
Elba assuming a basis of $.04 at Destin.

Southern Co. has stated that a price of Hub +$.20 was out of the question.
Probably between their bid of $.12 vs. Hub + $.20 is where we could strike a
deal with them.


Please Open this Attachment
http://home.enron.com:84/messaging/unitedway.pps

The Enron 2001 United Way Campaign

has only two more days to go......

If you have already completed your pledge ....... Thank you!!

If not, please do so today.  Please log on to <http://home.enron.com> and click on the United Way link today to make your contribution.  You'll need your GIS number to make a contribution.  Your GIS number is an eight-digit number that starts with a 9.

If you don't have your GIS number and password or need assistance with keying in your contribution, please call Kathy Mayfield at ext. 3-3264.


did we get the 5/d rox at plus .02 yesterday?

mike


Please RSVP to me and let me know if you have "Access" set-up on your system.

Thank you,

Adrial Boals
X58849


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 07/07/2000
08:46 AM ---------------------------

Chad Landry
07/07/2000 07:23 AM
To: BGuilba@aol.com, Timothy Blanchard/HOU/EES@EES, BT1329@aol.com,
bcambr@lsumc.edu (Cambre, Brandon C)@ENRON, Patrick Cannizzaro
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dmayley <dmayley@psislidell.com> @ ENRON, "Corinne L Giacobbe"
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ENRON, Liev Thames <lievt@yahoo.com> @ ENRON, "laurie bradford"
<lmb2509@hotmail.com>, michele beck <michele@reliagene.com>, "Mark Landry"
<mlandry@newmanmathis.com> @ ENRON, Michol Leigh McMillian
<mmcmilli@law.harvard.edu> @ ENRON
cc:

Subject: Choices

Most of you know that I very rarely send fwds, but my Dad sent me the one
below ;and although I've read it, I still think its worthwhile to read again.

Everyone have a good weekend.

CKL

READ THIS.  LET IT REALLY SINK IN.
>>  >> >
>>  >> > THEN CHOOSE HOW YOU START YOUR DAY TOMORROW.
>>  >> >
>>  >> > Michael is the kind of guy you love to hate. He is always in a good
>>  >> > mood and always has something positive to say:
>>  >> >
>>  >> > When someone would ask him how he was doing, he would reply, "if I
>>  >> > were any better, I would be twins!"
>>  >> >
>>  >> > He was a natural motivator.
>>  >> >
>>  >> > If an employee was having a bad day, Michael was there telling the
>>  >> > employee how to look on the positive side of the situation.
>>  >> >
>>  >> > Seeing this style really made me curious, so one day I went up to
>>  >> > Michael and asked him, "I don't get it! You can't be a positive
>>  >> > person all of the time. How do you do it?"
>>  >> >
>>  >> > Michael replied, "Each morning I wake up and say to myself, you
have
>>  >> > two choices today.
>>  >> >
>>  >> > You can choose to be in a good mood or you can choose to be in a
bad
>>  >> > mood.
>>  >> >
>>  >> > I choose to be in a good mood.
>>  >> >
>>  >> > Each time something bad happens, I can choose to be a victim or I
>>  >> > can choose to learn from it.
>>  >> >
>>  >> > I choose to learn from it.
>>  >> >
>>  >> > Every time someone comes to me complaining, I can choose to accept
>>  >> > their complaining or I can point out the positive side of life.
>>  >> >
>>  >> > I choose the positive side of life.
>>  >> >
>>  >> > "Yeah, right, it's not that easy,"  I protested.
>>  >> >
>>  >> > "Yes, it is,"  Michael said.  "Life is all about choices. When you
>>  >> > cut away all the junk, every situation is a choice.
>>  >> >
>>  >> > You choose how you react to situations. You choose how people
affect
>>  >your
>>  >> > mood.  You choose to be in a good mood or bad mood.
>>  >> >
>>  >> > The bottom line:  It's your choice how you live life."
>>  >> >
>>  >> > I reflected on what Michael said. Soon thereafter, I left the
>>  >> > company to start my own business. We lost touch, but I often
>>  >> > thought about him when I made a choice about life instead of
>>  reacting to
>>  >> it.
>>  >> >
>>  >> > Several years later, I heard that Michael was involved in a serious
>>  >> > accident, falling some 60 feet from a communications tower.
>>  >> >
>>  >> > After 18 hours of surgery and weeks of intensive care, Michael was
>>  >> > released from the hospital with rods placed in his back.
>>  >> >
>>  >> > I saw Michael about six months after the accident.  When I asked
him
>>  >> > how he was, he replied. "If I were any better, I'd be twins. Wanna
>>  >> > see my scars?"
>>  >> >
>>  >> > I declined to see his wounds, but I did ask him what had gone
>>  >> > through his mind as the accident took place.
>>  >> >
>>  >> > "The first thing that went through my mind was the well-being of my
>>  >> > soon to be born daughter," Michael replied. "Then, as I lay on the
>>  >> > ground, I remembered that I had two choices: I could choose to live
>>  >> > or I could choose to die. I chose to live."
>>  >> >
>>  >> > "Weren't you scared? Did you lose consciousness?" I asked.
>>  >> >
>>  >> > Michael continued, "...the paramedics were great. They kept telling
>>  >> > me I  was going to be fine. But when they wheeled me into the ER
and
>>  I
>>  >> > saw the expressions on the faces of the doctors and nurses, I got
>>  >> > really scared. In their eyes, I read "he's a dead man. I knew I
>>  >> > needed to take action."
>>  >> >
>>  >> > "What did you do?" I asked.
>>  >> >
>>  >> > "Well there was a big burly nurse shouting questions at me," said
>>  >> > Michael.
>>  >> >
>>  >> > "She asked if I was allergic to anything. "Yes, I replied."
>>  >> >
>>  >> > The doctors and nurses stopped working as they waited for my reply.
>>  >> > I took a deep breath and yelled, "Gravity."
>>  >> >
>>  >> > Over their laughter, I told them, "I am choosing to live. Operate
on
>>  >> > me as if I am alive, not dead."
>>  >> >
>>  >> > Michael lived, thanks to the skill of his doctors, but also because
>>  >> > of his amazing attitude. I learned from him that every day we have
>>  >> > the choice to live fully.
>>  >> >
>>  >> > Attitude, after all, is everything.
>>  >> >
>>  >> > "Therefore do not worry about tomorrow, for tomorrow will worry
>>  >> > about itself. Each day has enough trouble of its own."
>>  >> >
>>  >> > After all today is the tomorrow you worried about yesterday.
>>  >> >
>>  >> > You have two choices now:
>>  >> >
>>  >> > 1.  Delete this.
>>  >> >
>>  >> > 2.  Forward it to the people you care about.
>>  >> >
>>  >> > I hope you will choose #2.  I did.


Speaking of SEC dominance, Brian and I made a 100 dollar bet this weekend.
Who had more football titles, the teams in the SEC or the teams in the Big
12????

Well, after analyzing the data for the past hour, and analyzing every poll
every which way, there is no doubt about it now.  I counted each single poll
individually (AP, the National Football Foundation and College Football Hall
of Fame, the United Press, the Football Writers Polls and the USA Today/ESPN)
and every poll gives more championships to the Big 12 than the SEC.

Since college football is all about rivalries and drinking, Eric and I will
be hosting a "The SEC is definitely better than the BIG 12 happy hour" which
will be paid for by Brian "The SEC is definitely better than the BIG 12"
Hoskins.

Place and time TBD

http://www.ncaa.org/library/records/football_records_book/division_ia_records.
pdf

	Enron Energy Services

	From:  Timothy Blanchard @ EES                           12/04/2000 02:21 PM

To: Eric Bass/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Matthew
Lenhart/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Brian Hoskins/Enron
Communications@Enron Communications, Luis Mena/NA/Enron@Enron
cc:

Subject: FYI

With all of the HYPE surrounding the Big 12 this season....

Nine SEC teams are going to bowls, an unprecedented number of bowl-bound
teams from a single conference in NCAA history.


At Enron, we're good at a lot of things:  making markets, commoditizing products, managing risk, offering innovative energy solutions to customers - the list goes on and on.  However, one of the things we could do a lot better is watching our expenses.  We're all shareholders in this company, and we need to spend our company's dollars as wisely as we spend our own.

There are some simple, yet significant measures each of us can take to make sure we're careful with Enron's money.  The Policy Committee has approved and recommended the following:

?	Professional Services - This is our largest area of discretionary spending, at more than $600 million last year. "Professional Services" includes our contracts with outside law and accounting firms, contractors and other consulting groups.  To make sure that we are negotiating the best rates and terms of service for the company across business units, we are requiring all future professional service contracts and those up for renewal to be negotiated through or in consultation with Global Strategic Sourcing (GSS), effective July 1.  In addition, contracts for more than $5,000 must be pre-approved by the business unit senior executive or their designee and GSS.  For more information, see http://ibuyit.enron.com.

?	On-line expense reporting tool XMS - XMS, our online expense reporting tool, enables us to expedite, monitor and report expenses.  Effective July 1, all employees on domestic U.S. payroll will be required to use XMS for reimbursement of business-related expenses. To access XMS, go to http://xms.enron.com/.

?	Enterprise wide portal - We currently have 122 internal web sites across the company.  The amount of technology work, marketing collateral, and other related costs required to develop and support so many portals is sizeable.  It makes sense to have one Enron portal so you can efficiently access content and services through a single, personalized channel that will make it easier for you to find information and perform basic tasks online.  This new company-wide portal, under the leadership of Tony Mends, will be launched in several phases beginning this fall.

Another significant area where we can be more diligent in our spending is travel and entertainment.  Enron has long had travel policies in place.  As we have grown, we have not done as well as we should have in communicating those policies to new employees and reminding all employees to take advantage of the discounts we have negotiated.  The availability of discounts and booking services online should make it easy to save money for the company without sacrificing the comfort of employees who travel.  The following are common sense recommendations that we should all adhere to when traveling for business.  Any regular deviations from these travel policy recommendations will be reviewed by each business unit leader.

?	Air travel - Employees are requested to use either Travel Agency in the Park (TAP) or the GSS-approved preferred travel agency for your location - all of which have access to the significant airfare discounts negotiated by GSS - or http://clicktrip.enron.com/enron, the new online travel booking service that allows employees to book their own travel with the same negotiated discounts.  Employees who fly in the United States should book non-refundable coach tickets, which are typically 65 percent less than refundable tickets and can usually be changed by simply paying a $100 fee.  For this reason, we strongly encourage all employees to purchase non-refundable domestic coach tickets when possible.

?	Lodging - GSS has also negotiated preferred rates at a number of hotel chains in many cities worldwide to accommodate each business unit's individual hotel policy.  We recommend that you use Enron's list of preferred hotels to select accommodations that are in line with your business unit's policies.  You can view the list at http://travel.enron.com.

?	Car rental services - When renting a car for business travel, employees should use our preferred car rental agencies - National (U.S. and Canada) and Alamo (U.S.)- since the agreements we have negotiated are intended to protect you and Enron through the insurance coverage in our contract.  Visit http://travel.enron.com for details and updates to services available outside the U.S.

?	Off-site meetings - All domestic-U.S. off-site meetings and events with more than 10 people should be coordinated through GSS, which will negotiate preferred rates for Enron.  They can be reached at (713) 646-8311.

Because there are differences between business units and offices, each business unit leader will follow up this memo with a communication further elaborating on these policies as they apply to their business unit.

Each of us has a responsibility to make sure we do our part to ensure Enron retains its competitive edge.  These recommendations are some basic, sensible actions we can take company-wide, but it is up to every employee to look for cost saving measures and do what makes sense in your daily activities.  If you have an idea or a suggestion you would like to share with us, please e-mail us at recommendationsforcostsavings@enron.com.   A list of questions and answers about these policies is posted on http://ibuyit.enron.com/gss/ibuyit/csfaq.doc.  If you have additional questions, Policy Committee member Kevin Hannon will host an eSpeak on Tuesday, June 19 at 10 a.m. Houston time to discuss these cost saving recommendations.


Happy Holidays!  It looks like we will be going skiing in Colorado from March
11-16.  I wanted to see if you were going to be in town during that time and
see if we could come by and see you.  It would most likely be on the 10th and
then the 16th.  We are staying at a place from that Sunday night thru
Thursday night.  Let me know.  I hope Santa was good to you all.

DG