i have a type and she fits it.  you obviously didn't know who she was.  so is your boss going to make you take out her son?

 -----Original Message-----
From: 	Gillette, Lisa
Sent:	Wednesday, May 23, 2001 1:40 PM
To:	Lenhart, Matthew
Subject:	RE: Replay of MLK Holiday

what, did you not mean to cc: me on that?

anyway, about the girl.  i dont know why i dont think she is your type.  the more i think about it the more i notice that you really dont have a type - so who knows.  the game was good, we lost 6-2.  4 of the padres runs were homeruns. we suck.

 -----Original Message-----
From: 	Lenhart, Matthew
Sent:	Wednesday, May 23, 2001 11:53 AM
To:	Gillette, Lisa
Subject:	RE: Replay of MLK Holiday

nevermind.  so why didn't you think that girl was the type i go for last night?  how was the game?

 -----Original Message-----
From: 	Gillette, Lisa
Sent:	Wednesday, May 23, 2001 11:49 AM
To:	Lenhart, Matthew; Mena, Luis
Subject:	RE: Replay of MLK Holiday

what??

 -----Original Message-----
From: 	Lenhart, Matthew
Sent:	Wednesday, May 23, 2001 11:35 AM
To:	Mena, Luis; Gillette, Lisa
Subject:	RE: Replay of MLK Holiday

luis - you love heating oil

 -----Original Message-----
From: 	Mena, Luis
Sent:	Wednesday, May 23, 2001 11:05 AM
To:	Lenhart, Matthew; Gillette, Lisa
Subject:	RE: Replay of MLK Holiday

no fear---lets just hope my liver can take it after fri and sat night

 -----Original Message-----
From: 	Lenhart, Matthew
Sent:	Wednesday, May 23, 2001 11:02 AM
To:	Gillette, Lisa; Mena, Luis
Subject:	RE: Replay of MLK Holiday

i'm bout it

 -----Original Message-----
From: 	Gillette, Lisa
Sent:	Wednesday, May 23, 2001 11:01 AM
To:	Lenhart, Matthew; Mena, Luis
Subject:	Replay of MLK Holiday

Lets try to replay MLK day at Front Porch Sunday night.  Unfortunately it will probably be crowded since everyone has Memorial Day off.


Sean Gamble
20 S. 41st St
Council Bluffs, IA 51501
gamble111@yahoo.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,

Sean Gamble


I am still tracking down the Green Mountain documentation, but here is the documentation for LCRA.  I'll forward the rest when I get it.

Thanks,
Stacey

 -----Original Message-----
From: 	Gilbert-smith, Doug
Sent:	Thursday, October 18, 2001 7:17 AM
To:	White, Stacey W.
Subject:	schedule C-your favorite

I need to get with you regarding the existing schedule C I have for LCRA and for green mountain. I believe market conditions may have changed sufficiently that we can release some of it but I want to reaffirm this by researching the reasons again.

Trust you are well.

Thanks,

Doug


was this just gas? or gas and power?

 -----Original Message-----
From: 	Gossett, Jeffrey C.
Sent:	Wednesday, October 31, 2001 1:21 PM
To:	Storey, Geoff
Subject:	FW: ENA GAS COMMODITY CASHFLOWS FOR 10/30/01

 -----Original Message-----
From: 	Carrington, Clara
Sent:	Wednesday, October 31, 2001 1:21 PM
To:	Gossett, Jeffrey C.
Cc:	Glover, Sheila
Subject:	ENA GAS COMMODITY CASHFLOWS FOR 10/30/01

 << File: 103001_ENAGAS_COMMODITY_NOTIONAL_CASHFLOWS.xls >>

Clara Carrington
Financial Trading
Manager - Rate and Currency Risk Mgmt
Direct Tel: (713) 853-9224
Email:  Clara.Carringotn@enron.com


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/02/2001
04:55 PM ---------------------------

<steve@virtual-workshops.com> on 02/01/2001 12:43:55 PM
To: "Virtual-Workshop Participants" <info@virtual-workshops.com>
cc: <steve@virtual-workshops.com>
Subject: Password for PJM 101:  The Basics

Dear PJM Attendees:

For PJM 101:  The Basics - Febuary 27, 2001 @ 9:00 AM ET

Your username and password will both be pjm + the first 3 letters of your
last name.  For instance my username AND password would be pjmcur.

Feel free to go to our web site and change this at any time.
http://www.virtual-workshops.com

If you have any questions regarding this, give me a call.


This MedicineNet.com (http://www.MedicineNet.com) article has been sent to you from

williamsj@iconus.com

For more information on this subject, visit the "Focus on Intestinal Gas" area at MedicineNet.com.
http://www.MedicineNet.com/script/main/forum.asp?track=ef&articlekey=370

Message from sender:

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

http://www.medicinenet.com/script/main/art.asp?articlekey=370&track=ef

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


I forwarded a request to Russell for the credit worksheet on 11/08.  No
response to date.  I will forward our master to them once I get the credit
worksheet.

	Jeffrey T Hodge
	11/16/2000 01:24 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Cyndie Balfour-Flanagan/Corp/Enron@ENRON
		 Subject: UGI Utilities Contract

Dan:

Please handle this.

Jeff
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 11/16/2000 01:23 PM -----

	Cyndie Balfour-Flanagan@ENRON
	11/03/2000 01:56 PM

		 To: Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Debra
Perlingiere/HOU/ECT@ECT
		 cc: Russell Diamond/HOU/ECT@ECT
		 Subject: UGI Utilities Contract

Okay, I wasn't sure who to route this to, but one of our traders gave Claire
Neri at UGI my name and number to help with information about our contracts.
As it turns out, we do not have a Master Contract with UGI but have a firm
term deal  attached to a GTC (Deal #345010, running from 11/1/00 - 3/31/01,
5380 MMBTu/day @ $4.78, meter #103702 on ANR).

UGI's hope is to get a Master agreement in place ASAP to cover the above
mentioned deal & any new inter gas deals (since she sent their master, I'm
assuming that their intent is to put their master in place ASAP). Claire Neri
can be reached at 610-796-3505 for additional information of
changes/negotiations.

Note: UGI is also an EOL "Investment Grade" counterparty for non-Texas natual
gas.

---------------------- Forwarded by Cyndie Balfour-Flanagan/Corp/Enron on
11/03/2000 01:38 PM ---------------------------

"Neri, Claire J." <cneri@ugi.com> on 11/03/2000 01:06:01 PM
Please respond to "Claire J. Neri" <cneri@ugi.com>
To: "Cindy Balfour-Flannigan" <cbalfou@enron.com>
cc:

Subject: Contract

Cindy, Thanks for your help. - Claire
 - ugimaster.doc


Hi Tana,

I need to know where crude/liquids financial trades for  Valero should be
traded under.    I was reading the comments on Lotus Notes, and it seems that
there was an assignment from Valero Gas Marketing L.P. to Valero Marketing &
Supply Company;  then it seems that the natural gas financial  trades were
assigned to PG&E.   Can you please check on this.  If the information on
Lotus Notes is correct please change the "Executed Master Agreeements" list
to read Valero Marketing & Supply Company (for crude/liquids trades).
Currently the list reads Valero Gas Marketing L.P.

Thanks for your assistance,

Nidia
x3-4868
Credit Staff


Kay:  We will do a fatal flaw review and follow up.  I am following up with
the lawyer in our CT office who I had talked to initially.  I hope that all
is well.  It sure sounds like you all are just buried.  Speak to you soon.
John
>>> <Kay.Mann@enron.com> 03/13/01 09:23AM >>>
Hi John,

I still need a Connecticut lawyer to look at this.  Do you have someone
available?  I need input by Monday, March 19. Nothing comprehensive, just a
fatal flaw analysis under Connecticut law.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/13/2001 08:21
AM ---------------------------

Kay Mann
12/11/2000 06:57 AM

To:   jklauber@llgm.com
cc:   Heather Kroll/HOU/ECT@ECT

Subject:

Hi John,

I'm attaching the current draft of the contract under which we will be able
to buy the Fuel Cell equipment for use on projects in Connecticut.  The
contract will likely be a Connecticut law contract.  Could you have someone
give it a fatal flaw check, or should I use Connecticut counsel?

One issue which is nagging me is their request for a security interest in
the equipment, as I think this might complicate financing.  I assume that
an equipment supplier has certain lien rights under Connecticut law anyway.
Can you have this verified?  I only want the simplest of explanations.

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 12/11/2000 06:52
AM ---------------------------

"Scheib, Jacqueline Pennino" <jscheib@rc.com> on 11/17/2000 10:26:09 PM

To:   "'kay.mann@enron.com'" <kay.mann@enron.com>, "Jerry Leitman (E-mail)"
<jleitman@fce.com>, "Ross M. Levine (E-mail)" <rlevine@fce.com>
cc:   "Sellay, William" <WSELLAY@RC.com>

Subject:

<<jgtk01!.DOC>>  <<RED FUELCELL AGR.DOC>>
--------------------------------------------------
Jacqueline Pennino Scheib, Esq.
Robinson & Cole LLP
280 Trumbull Street
Hartford, CT  06103
(p) 860-275-8285
(f) 860-275-8299
jscheib@rc.com

(See attached file: jgtk01!.DOC)
(See attached file: RED FUELCELL AGR.DOC)

"This e-mail, including attachments, contains information that is
confidential and it may be protected by the attorney/client or other
privileges.  This e-mail, including attachments, constitutes non-public
information intended to be conveyed only to the designated recipient(s).  If
you are not an intended recipient, please delete this e-mail, including
attachments and notify me by return mail, e-mail or by phone at 212
424-8125.  The unauthorized use, dissemination, distribution or reproduction
of the e-mail, including attachments, is prohibited and may be unlawful.

John Klauberg
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
212 424-8125
jklauber@llgm.com


---------------------- Forwarded by Mike McConnell/HOU/ECT on 10/25/2000
01:36 PM ---------------------------

	Enron North America Corp.

	From:  Gaynel Henley @ ENRON                           10/25/2000 08:52 AM

To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Re: JDF Update

Mike,

This is Chris Love with ETS Technology Infrastructure.  I was asked to check
the link mentioned below because Gayle said that it was not working on her
computer but that you replied to her telling her that it was functioning.
The link is on http://ecinside.enron.net/apps/jdf.nsf ... I have tried this
link in 3 different browsers on 4 different computers and it is not working.
Maybe the link is there but it's got high traffic, but we've tried it several
times over the last hour and it is not responding, the message that we're
getting is that "A connection could not be established with the server."
Please respond.

-Chris Love; Gayle Henley

	Enron North America Corp.

	From:  Mike McConnell @ ECT                           10/25/2000 07:45 AM

Sent by: Cathy Phillips@ECT
To: Gaynel Henley/OTS/Enron@ENRON
cc:

Subject: Re: JDF Update

Thank you for the message.  We just tested this link and it is working fine
on this end.  Can you please give your IT help desk a call and see if they
can check this out for you on your system.  In addition, we will report this
problem to our IT support group.

Thanks again.

Cathy Phillips for
Mike McConnell

	Enron North America Corp.

	From:  Gaynel Henley @ ENRON                           10/25/2000 07:38 AM

To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Re: JDF Update

FYI -

The links from this here and the entranet website are not working.

	From:  Mike McConnell                           10/23/2000 08:59 PM

Sent by: Enron Announcements
To: All Enron Houston
cc:

Subject: JDF Update

Sunday, November 5th, is the big day.  Although we have less than two weeks
left, we still have several exciting fundraising activities taking place.
All walkers should continue getting pledges and watch for further
instructions on turning in the walk forms.  Everyone has done an incredible
job this year.  Great news, we are getting very close to reaching our goal,
but if we want to continue to be the number one walk team in Houston, we need
to continue with our fundraising efforts.  Please plan to join us for the
following activities this week:

Silent/Cyber Auction - The JDF Silent Cyber Auction will open for bids on
Wednesday, October 25th, at 8:00 a.m. and will close on Thursday, October
26th, at 4:00 p.m.  You may access the Cyber Auction to place your bids at
8:00 a.m. on Wednesday, October 25th, by launching the website at
http://ecinside.enron.net/apps/jdf.nsf  or go to the Enron home page on the
Intranet and click on the JDF Cyber Auction.  For more information, contact
Sophie Patel at ext. 35055 or Eddie Sera at ext. 30480.

Bake Sale and Raffles - Just in time for the Holidays!  On Friday, October
27th, we will have several groups selling delicious baked goods on the second
floor level of the Enron Building outside the Energizer.  In addition, we
will have representatives from some of our walk teams available for the
purchase of raffle tickets at the same location.

For all that are not signed up, please join us in the walk.  You still have
time.  It will take 2 minutes to fill out a walk form, you get a great
Enron/JDF T-shirt for collecting or donating $25 or more, and will join
hundreds of Enron employees and approximately 10,000 Houstonians for the walk
on Sunday, November 5th, at the Sam Houston Race Park.  I promise this will
be a blast.  The Enron tent will be great again this year!  We will begin
with a continental breakfast prior to the walk and when everyone returns from
the walk we will have music, balloons for the children and wonderful Frankie
Mandola's hamburgers, hot dogs and fries.  Parking at the Sam Houston Race
Park is free.  You will be part of something very worthwhile and it will make
you feel great.  This is a world class event.

Please contact any of the following Steering Committee members to make a
donation, sign up as a walker, or ask any questions you may have.  Come join
the fun.

Steering Committee Members:

Blanca Bollom  X66091
Deb Gebhardt  X39606
John Godbold  X30623
Cathy Phillips  X36898
Debbie Yates  X35305

Thank you very much for your support and generosity.


Per our various discussions, I am sending an email to reiterate the
disposition of volumes at Meter 9862, the Lehman Spinaker pay meter.  At this
time, the General Land Office is transporting their share of production
(21.8945%  interest) and HPL is purchasing the remaining 78.1055%.

The GLO has nominated a transport volume at meter 9848, effective September
1, 2000.  During this time, some test gas flowed.  I have had the HPL
purchase back-dated to coincide with the transport nomination, and have had
both deals moved to 9862.  The meter should probably be designated a
Callout/Swing so that the proper equity percentages can be allocated after
the production month by Volume Management.

For October production forward, I am going to re-rank/confirm the pay meter
to ensure that the GLO receives a volume which should be close to their
percentage after actuals close for the month.  This should alleviate any
large balance swings on their agreement.

Anita:  For September, I need an accounting arrangement on deal ticket
379424; HPL gathering agmt. at meter 9862.  Please unallocate the transport
and purchase at 9848.  The meter is a daily swing right now.  Let me know
when you are ready and I will change the allocation methodology.

I apologize for the length of this email, I want to make sure that we are all
on the same page, to the extent that we need to be, prior to this deal
getting too far down the road.  Please do not hesitate to call me if you have
any questions, comments, concerns, etc.  I am at extension 35251.

Thank you all for your time and patience,

Mary


Bruce,

I work with Phillip Allen in West Gas Trading and he talked to Greg Piper
about the letter attached below, and Greg told us to forward it to you.
Mr. Chase Belew and Mr. Carleson, with E*Steel, would like to meet with you
to discuss market opportunities in the global steel market.   I would like to
have Mr. Belew call you to set up a time to meet with you.  Would this be a
problem?  Please call me to discuss.

Sincerely,
Mike Grigsby
x37031
---------------------- Forwarded by Mike Grigsby/HOU/ECT on 09/05/2000 05:01
PM ---------------------------

Chase Belew <cbelew@e-steel.com> on 09/05/2000 04:01:46 PM
To: "'mike.grigsby@enron.com'" <mike.grigsby@enron.com>
cc:
Subject: Meeting with Enron Networks

Mike,

As per our conversation, I would appreciate your help to arrange a short
meeting with executives from Enron Networks and a group from our company.

e-STEEL (www.e-steel.com) has become the preferred marketplace as well as
the recognized technological and collaborative commerce leader for the
$800billion global steel market. We have financial backing from Goldman
Sachs and Kleiner Perkins and have alliance contracts with companies
throughout the steel supply chain, including U.S. Steel and Ford Motor
Company . Because we consider Enron another leader in the development of
electronic marketplaces, we feel that there may be areas for mutual
cooperation. The purpose of our meeting is strictly exploratory.

Our group will consist of myself and Mr. Russ Carleson (Vice President,
Sales) from our headquarters in New York. We would like to propose a lunch
meeting next Thursday, September 14th, if possible. I will call you this
week to follow up.

Thanks,

Chase Belew
Account Manager
e-STEEL Corporation
440 Louisiana, Suite 440
Houston, TX 77002
(713) 236-7701
cbelew@e-steel.com


- GirlsEvil.jpg


UBS will be holding benefits presentations at 2:00 pm, 3:00 pm and 4:00 pm today in ECS06980.  Please encourage your employees to attend if they did not attend on Friday.

Any questions, please let me or Jeanie know.

A


Vince:

    I forgot to attach the Final SLAM Report, The File of the White Paper,
The White Paper Calculations.  The Final SLAM Report discusses the
availability of Service Level Agreement Monitoring, and NMS generally that
meet EBS's needs.

    I am convinced that at a minimum EBS would gain the foundation of a great
NMS that will be critical to the success of EBS, and that EBS could actually
gain the Distributed Machine Tool that could be the foundation of the
Internet of the 21st Century.  I hope we get the chance to prove this.

    Let me know if I can be of further assistance.

    MAK

 - FINAL S L A M  REPORT SEPTEMBER 1999.ZIP


The language that puzzles me is on page 24 of the New Regulatory Framework
release.  It is discussing the Chicago Board of Trade's suggestion that the
exclusion for unilateral transaction execution facilities, such as
EnronOnline, be deleted.  The release says:

"However, under the proposed exclusion there can be but one counterparty to
all market participants.  That is quite different from using one or more
specialists in a multilateral trading setting.  In that structure, the bids
and offers of non-specialists are permitted to interact with each other."

I can understand the point with respect to "or more" specialists, but I
don't understand how you can distinguish EnronOnline from a market with a
single specialist who is a counterparty to all trades.  I also don't
understand the point about bids and offers interacting with each other.
This may be because I don't understand how specialists go about their
business.  But the question is, I suppose, does EnronOnline have to take
steps to make sure that bids and offers are isolated from one another so
they don't "interact?"  Maybe, in fact, that's the way EnronOnline works,
but this is pretty confusing to me.  I suppose this language may cause more
trouble for DealBench than EnronOnline, since DealBench deal rooms may have
all sorts of interactions among bidders.

I'd appreciate your thoughts.

Robert S. Baird
Vinson & Elkins L.L.P.
One American Center
600 Congress
Austin, Texas 78701
Telephone: (512)495-8451
When calling from Houston (713)758-2414
Fax: (512)236-3210
Email: rbaird@velaw.com
Home telephone (512)347-8066
Car phone: (512)627-8065
Home fax: (512)347-8065
Pager: 1-888-487-2651

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


Update:

I spoke with Jeff Hodge and was able to obtain a Bill of Sale document from CSN.  Jeff is currently reviewing this document and will let me know how to proceed.

I'll let you know more when I hear back from Jeff.


John is currently in Mumbai, India.

Regent Hotel - Mumbai (April 16 - April 21)
Phone: 011 91 22 655 1234
Fax:  011 91 22 651 4488

Office Numbers in Mumbai:
Phone: 011 91 22 653 4011
Fax:  011 91 22 653 4024/25

Saturday, April 21, 2001

01:45am     Depart Mumbai on Delta Airlines #107
07:20am     Arrive Frankfurt
10:40am Depart Frankfurt on United Airlines #3542
02:40pm Arrive Houston

NOTE: You may also reach John on his cellular: 281-948-7273.  India's local
time is 10.5 hours ahead of us.


makes sense to me...I know from trying to negotiate with smud on the weather
deal that they need approval to post collateral.  I like the idea that they
have 3 days to provide evidence that they are going to the board and then a
further 7 to get it approved and posted. thanks.

 -----Original Message-----
From:  St Clair, Carol
Sent: Wednesday, May 16, 2001 10:17 AM
To: Rohauer, Tanya
Subject: RE: SMUD EEI Master

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 05/16/2001 10:16 AM -----

	Tracy Ngo/ENRON@enronXgate 05/16/2001 10:13 AM 	   To: Carol St
Clair/HOU/ECT@ECT  cc:   Subject: RE: SMUD EEI Master

Given they are a muni, I am fine with this exception.  In practice, we have
experienced situations with certain cp's where we have had to come up with
certain margining exceptions.

WRT amendments, such amendments can be done within the same time period as
well.  I think that we could add that the cp is required to provide a
representation (perhaps an officer's certificate of some sort) stating that
they are going to their Board for posting of the collateral.

We got that provision from another municipality.

Tracy

 -----Original Message-----
From:  St Clair, Carol
Sent: Wednesday, May 16, 2001 7:11 AM
To: Ngo, Tracy
Cc: Rosman, Stewart
Subject: SMUD EEI Master

Tracy:
Are you sure that you are okay with extending the time to deliver collateral
from 3 Business Days to 10 Business Days?  I have never seen us agree to that
long of a time period?  What if Exposures change from the time that we
request collateral and the time that they deliver it to us?  If all they are
doing is posting cash or amending an LC, why would they need 10 Business
Days?  Please call me.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


Here is the model we were just looking at.. Again, it will be changing!
Thanks
Ben


thank you

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, November 20, 2001 9:35 AM
To:	Maggi, Mike
Subject:

Nice shirt


I am on vacation during the week of Oct. 9.  Sara

	Brent Hendry@ENRON
	09/13/2000 04:28 PM

		 To: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Mary
Cook/HOU/ECT@ECT, Robert Bruce/NA/Enron@Enron, Tana Jones/HOU/ECT@ECT, Susan
Bailey/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Becky Tlucek/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT
		 cc:
		 Subject: Vacation etc.

I will be coming into the office late tomorrow morning, I will be waiting for
a second phone line to be installed.  I will be working on some weather deals
from home.  I will be available at my home number if anyone needs to reach
me.  My number is 281 866 8797, my cell number is 832 368 3286.

I would like to take the following Wednesdays as vacation days if it does not
cause a conflict in staffing:  September 27, October 11, October 25 and
November 8.   I would also like to take December 27 through 29 as vacation
days.  Please let me know if this will be problem.


IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power Delivered on Friday, October   19, 2001
                                                                                (Trade Date of Thursday, October   18, 2001)
Click here to access index history .
                                                                                * volume represents sell-side only *

Hub	High	Low	Wtd Avg Index	Change ($)	Vol (Mwh)
Cinergy	         $24.00	         $22.00	         $22.33	-    .58	          53,600
Comed	         $21.50	         $20.50	         $20.96	-    .85	           9,600
Entergy	         $20.90	         $19.70	         $20.22	-   1.01	          25,600
Nepool	         $39.00	         $39.00	         $39.00	+   1.00	           1,600
PJM-West	         $25.80	         $25.25	         $25.47	-   1.49	          35,200
SP-15	         $26.50	         $25.75	         $26.11	-   4.07	          10,400
TVA	         $23.25	         $22.00	         $22.50	-    .11	          15,200

                                                                                Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.
                                                                                IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.
In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.    Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.
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                                                                                ?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


no plans...where were you last night?

 -----Original Message-----
From: 	Gillette, Lisa
Sent:	Wednesday, May 23, 2001 10:48 AM
To:	Scott, Susan M.
Subject:	how are you?

whats up?  just saying hello.  are you doing anything tonight?


Ann:
I haven't forgotten about you and I will attempt to try and call you
tomorrow.
Carol


FYI.
---------------------- Forwarded by Alan Aronowitz/HOU/ECT on 02/08/2000
07:05 PM ---------------------------

David Forster
02/08/2000 05:05 PM
To: Wayne Gresham/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, Matthew Arnold/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT, Matthew Goering/HOU/ECT@ECT, Linda K
Loukanis/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Lynn E Shivers/HOU/ECT@ECT,
Louise Kitchen/LON/ECT@ECT, Daniel Reck/HOU/ECT@ECT
Subject: Re: EOL New Coal Product

Wayne,

In order for us to roll out the new coal product and the amended GTC, we will
need to send customers a letter notifying them that the GTC has changed,
which identifies all of the changes between this version and the version
which is Online.

Could you please draft a letter which outlines the changes? We will
incorporate this into a mailout to all customers who have traded coal,
informing them of the change in the GTC.

Thanks,

Dave

Wayne Gresham
02/08/2000 04:10 PM
To: Dale Neuner/HOU/ECT@ECT, David Forster/LON/ECT@ECT
cc: Matthew Arnold/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Matthew
Goering/HOU/ECT@ECT, Linda K Loukanis/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT,
Lynn E Shivers/HOU/ECT@ECT, Louise Kitchen/LON/ECT@ECT

Subject: EOL New Coal Product

Dale and Dave,

The Coal Group wants to add a new product, CSX Compliance, to EOL.  I have
reviewed and approved the attached short and long descriptions as well as
changes to our online GTC's.  The changes to the GTC's also reflect the
earlier changes we sent you but which were not implemented.  With this
revision, we will need only one set of GTC's applicable to Coal Products.
Please advise if you need anything additional.

Wayne


Start Date: 4/25/01; HourAhead hour: 15;  HourAhead schedule download failed.
Manual intervention required.


BY MAX SMETANNIKOV  InterActive Week 11.1.99

Idea is to build on streaming content delivery

While Akamai Technologies and recently acquired Sandpiper Net-works have
captured the majority of mind share as leaders in the emerging content
distribution market, Enron Communications is making a bid to blend together
its assets as a national carrier to beat back the start-ups and make some
major waves in the content delivery business.
Last week, Portland, Ore.-based carrier Enron (www.enron.net) announced it
has broadened its content distribution network to focus on streaming media.
The intensified pursuit of the content distri-bution space is likely to come
as a surprise to com-petitors that perceive the carrier as more of a
band-width wholesaler.
However, company executives say content distri-bution ofvarious kinds is what
Enron is all about.
"What we do is exactly what they [Aka-mai]  do," says Joe Hirko, Enron
president and chief executive. "The difference is that their   services   are
acceptable for some    content, that isn't mis-sion-cntical, and we have that
same model and we do that for mis-sion-crincal content."
Just like Akamai and Sandpiper,  Enron  is colocating its media dis-tribution
servers with other Internet service providers (ISPs), mem-bers of the
so-called e-Powered  Distribution Program, making it possible for Enron to
reserve bandwidth on partners' networks. The differentiator that Enron brings
to the table is its quality-of-service guarantee, backed by an elaborate
network architecture and business model that Enron is building, which relies
on a combination of alliances and a bandwidth broker exchange.
First, Enron has built its own content distribution network with servers
colocated with other ISPs. These carriers include Epoch Internet, Electric
Lightwave, FlashNet Communications, GTE Inte-networking, InterNap, NetRail,
NorthPoint Communications, RCN and Veno. Enron is also pursuing satellite
providers as another group of carriers capa-ble of distributing content in
geographically remote places where fiber networks are not present yet.
While traditional content distributors measure their footprint in servers
distributed with other hackhones, Enron uses its points of presence and the
number ofdesktops reached as its basic metrics. Enron says it can shoot audio
and video streams to 25 million desktops via 500 POPs.
Second, Enron is in the final stages of establishing its own bandwidth
exchange, a division that would trade space on other carriers networks as a
way to provision bandwidth on demand. Hirko says six interconnection points
for carriers that want to trade on this exchange have been built, and the
first trades will start before the end of the year.
This would be the first time a bandwidth exchange business model, in itself a
nascent idea, would be married to content distribution as the means to bring
down the cost of streaming media distribution.
"This is something completely new. I have not seen anything like this," says
Tim Strong, an analyst at consultancy TeleGeography in Washington, D.C.
The result is essentially complete control over the pipe delivering voice and
video, a position of power that Hirko says will lead to unmatched
performance. "We are talking 27 frames a second," Hirko says, adding that it
is not uncommon to tap into streaming video feeds as low as two or three
frames per second.
Enron plans to charge its users less than 5 cents per megabyte delivered.
Akamai (www.akamai.com), which doesn't own its own network and uses the
Internet as the means of streaming media delivery, also plans to guarantee
near-zero packet loss with its patent-pending, yet-to-be-launched service
called Steady Stream.
The biggest challenge for Enron is to convince potential customers that the
carrier is more than simply a bandwidth provider. To date, Enron's only
public streaming media client is CountryCool.com.
Enron officials see an opportunity to barge into the industry by
commandeering the unconquered segment of the content distribution market
streaming media  where Akamai and Sandpiper have yet to make a name.
"We are using Akamai for distribution of objects and static images," says
Monty Mullig, vice president of CNN Internet Technologies. "It's possible
Akamai might work for streaming media, but I have not seen that product from
them yet." CNN Interactive is distributing most of its video through Intervu,
one of the first providers of streaming media services.
While Mullig is intrigued by the prospects of Enron's bandwidth exchange
services, he has yet to be convinced the company offers a compeffing service.
"They haven't put a product in front of us that we would be interested in,"
Mullig says. "We want a big audience behind the service that we buy  like
Akamai's. On its face value, Enron's network is not any more interesting than
networks of other players their size.

The master plan
National carrier Enron cites four building blocks as the foundation for its
content distribution service:
NETWORK COVERAGE: 12-POP-strong national network and partner agreements with
10 ISPs worldwide - a content distribu-tion network reaching 25 million end
users
INTELLIGENCE SOFTWARE: Enron Intelligent Network, which ties together various
network properties for a quality-of-service-enabled offering

BANDWIDTH EXCHANGE SERVICE: Soon to be launched, will provide spot capacity
on other carriers' networks on an on-demand basis

APPLICATION PARTNERS: Vendors and service providers enabling applications
delivered through Enron's network
______________________________________________________________________________
__________________________________________________
11/10/1999
PR Newswire
(Copyright (c) 1999, PR Newswire)

HOUSTON, Nov. 10 /PRNewswire/ -- Enron Communications, a wholly owned
subsidiary of Enron (NYSE: ENE), and Inktomi Corporation (Nasdaq: INKT)
announced today a strategic alliance in which the Inktomi Traffic Server
cache platform will be integrated into the Enron Intelligent Network to offer
high quality network performance and bandwidth capacity to support broadband
content distribution and e-business services. The integration of Inktomi's
caching software into the Enron Intelligent Network enhances Enron
Communications' ability to seamlessly and selectively push content to the
desktop while handling massive volumes of high bit rate network traffic in a
scalable manner.

"With the acceleration of global e-business demands, there is an increased
need for an Internet infrastructure that is scalable, reliable and fast,"
said David Peterschmidt, President and Chief Executive Officer of Inktomi
Corp." The integration of our Traffic Server technology into the Enron
Intelligent Network will enable a rich suite of broadband applications and
services targeted at the next generation of content delivery."

The enhanced performance of the Enron Intelligent Network, in combination
with the Inktomi Traffic Server cache platform, lies in its ability to store
content "one-hop" away from the user at the closest ISP server. Enron's
network also provides greater scaling capability to handle peaks in demand
without system failures. In contrast, the public Internet has a limited
capability to deliver broadband services like streaming media, which is often
hampered by packet loss, interference, and other disruptions that slow down
transmission speed and compromise the end user viewing experience.

"Enron Communications' unique e-business platform includes industrial
strength routers and servers, combined with fiber and satellite distribution,
to deliver more simultaneous streams which overcomes the challenges of the
current Internet," said Mike Ortega, vice president of sales at InterNAP.
"Integrating Inktomi's technology with the Enron Intelligent Network really
takes our services to a new level and provides a huge competitive advantage
in the delivery of broadband content to our customers."

The integration of Inktomi technology with the Enron Intelligent Network will
represent an industry-best end-to-end solution to deliver mission critical
applications to vertical industries like financial services and media and
entertainment. For example, the Enron Intelligent Network can host high-
quality streaming video road shows for the financial services industry --
distributed live, interactive and on-demand. The Enron Intelligent Network
offers investment banks, content aggregators and other financial entities a
richer, faster and more reliable audio/video experience for their audiences
than today's popular solutions, which are mostly public Internet based.

"Enterprise businesses are looking for the right combination of technology
that will enable their swift transformation to e-businesses, which is what
the Enron Intelligent Network offers. We offer the end-to-end Internet
solution for content distribution, not just a small enhancement to the public
Internet," said Joe Hirko, president and CEO of Enron Communications. "The
enterprise seeks online services like TV-quality streaming rich media, video
conferencing over the Internet, and large video file transfers over IP, which
are transmitted with even higher quality and reliability over the Enron
Intelligent Network with the support of Inktomi caching."

One of Enron Communications' streaming customers -- Countrycool.com, the
official web cast site of the 1999 Country Music Association (CMA) Awards --
transmitted a live stream of the 33rd Annual CMA Awards over the Enron
Intelligent Network. The viewing audience connected to the stream at
broadband speeds of 150 Kbps and 300 Kbps. High-bit rate, data-intensive
streaming media events, like the CMA Awards web cast, highlight the efficient
delivery and robust performance of the Enron Intelligent Network.

"We realized that Enron Intelligent Network was the perfect platform for the
most efficient and reliable delivery of our premier streaming event, and in
fact, they exceeded our expectations. The quality of this stream got such
excellent reviews that our web site audience has increased by nearly 900
percent over last year's numbers," said Carol Walcoff, Countrycool.com
President and CEO. "Now add Inktomi's caching technology to Enron
Communications' platform and we truly are able to scale our services and meet
our increased user requests for on-demand content."

About Inktomi

Inktomi (pronounced INK-tuh-me), develops and markets scalable software
designed for the world's largest Internet infrastructure and media companies.
Inktomi's two areas of business are portal services, comprised of the search,
directory and shopping engines; and network products comprised of the Traffic
Server network cache and associated value-added services. Inktomi works with
leading companies including America Online, British Telecommunications, CNN,
Excite@Home, GoTo.com, Intel, NBC's Snap!, RealNetworks, Sun Microsystems,
and Yahoo!. The company has offices in North America, Europe and Asia. For
more information visit www.inktomi.com.

About Enron Communications

Enron Communications delivers the Enron Intelligent Network(TM), a Pure
IP(TM) broadband overlay to the Internet. Enron Communications also provides
rich, multimedia ePowered(TM) application services that enhance online
commerce and communications. In early 2000, the Enron Intelligent Network
will extend its reach to Europe, Japan, Asia and South America with
metropolitan POPs and local ePowered distribution partners. Enron
Communications offers ISPs and networks providers a range of bandwidth
transport solutions that enable businesses to handle high traffic and high
bit rate needs. A wholly owned subsidiary of Enron, Enron Communications can
be found on the web at www.enron.net.

Enron is one of the world's leading electricity, natural gas and
communications companies. The company, which owns approximately $34 billion
in energy and communications assets, produces electricity and natural gas,
develops, constructs and operates energy facilities worldwide, delivers
physical commodities and financial and risk management services to customers
around the world, and is developing an intelligent network platform to
facilitate online business. The stock is traded under the ticker symbol,
"ENE."

Contact: Claudia Johnson of Enron Communications, 503-833-4435, or email,
claudia_johnson@enron.net; or Julie Keslik of Inktomi Corporation,
650-653-3071, or email, jkeslik@inktomi.com.

/CONTACT: Claudia Johnson of Enron Communications, 503-833-4435, or email,
claudia_johnson@enron.net; or Julie Keslik of Inktomi Corporation,
650-653-3071, or email, jkeslik@inktomi.com/ 11:02 EST
Contact: /CONTACT: Claudia Johnson of Enron Communications, 503-833-4435, or
email, claudia_johnson@enron.net; or Julie Keslik of Inktomi Corporation,
650-653-3071, or email, jkeslik@inktomi.com/ 11:02 EST


Untitled Document
    --  Free Trial -- Listen by calling 1-800-990-PLUM Enter passcode 3004, followed by the # key  For Jan. 15, 2002, Plum is covering these  stories:     2001 Had Record Levels of Debt in Energy Sector  House, Senate Panels Call For Names Of Andersen Auditors   Senate Banking Committee to Hold February Enron Hearing   Switching Utilities Went At Full Steam In Texas Since  December  Water and Power Of L.A. May Recover $62M This Spring  National Grid Expecting SEC Clearance Soon  Central Maine Power Wrestles With Aftermath Of Storm Damage   EPRI Creates Subsidiary To Handle International Research  and Development  Ex-Enron Managers Create New Company, Celeren  Big Oil Firms Study Oppurtunities Presented By Energy  Deregulation  PNOC-Energy to Borrow 600 Million Dollars  Emissions of Greenhouse Gases Slowed in Past Decade    Other Energy Industry News for Power Marketers   S&P Says Slightly Increased Gas Industry Earnings  In 2002  Energy Prices Drop Over OPEC's Quota Noncompliance  Andarko Q4 Earnings 11 Cents Below Expectations  UOG to Imitate Dolphin Initiative in Other Markets  Energy Markets Rebound after Market Correction 1 Irish Windfarm Set to Provide 10% of Irish Power  Judge in PG&E Case Rules Chromium Claims Will be Heard    Market Updat    0D   Hourly Stock Market Update   Bond Market Update   NYMEX Energies        World Headline News   Sports Overview  Miscellaneous Features    Today in History  Kiplinger Personal Finance Minute       To Listen Now:  Call 1-800-990-PLUM enter passcode 3004 followed by the # key    [IMAGE]      Call from any phone. Use a headset for easy listening  while driving.   Customized and Interactive  Use the numeric keypad on your telephone to repeat, pause or  skip stories, and even request more information. Here is the  list of commands for your reference: [IMAGE]  "...your mobile phone becomes a  tool for saving time and gathering relevant business intelligence..."       	  Power Marketers News Radio from Plum  Briefings      Daily news you need to hear!    Starting  at 5AM today, we broadcasted the stories    listed to the left. Call in on your mobile while  driving and           Arrive  at the office fully informed.     Use a  mobile  phone and headset while commuting and dial in to daily  audio newscasts covering the power industry  from  [IMAGE] For detailed info download  brochure    Special Offer:  Free trial!   Listen  to today's newscast now by calling 1.800.990.plum enter passcode 3004 followed by the # key.  Call  daily until 01/18/02 (You may forward this trial passcode to interested  colleagues) Download brochure for subscription info      Put  1-800-990-plum on your mobile phone speed dial now     Thorough  coverage of power and gas Plum Briefings are customized telephone briefings -- individually  tailored audio news programs -- that will provide you with in-depth,  commercial-free coverage of the energy landscape.    We report on FERC & state PUC rulings, new projects, new  legislation, RTOs, supply & demand forces, and other topics  that matter to you. We can also brief you, at your option, on  general business conditions, financial markets, consumer health  news, and other ancillary topics.    A tool for saving time With Plum Briefings, your mobile phone becomes a tool for saving  time and gathering relevant business intelligence. Whether you?re  driving to your office or waiting for a flight, simply dial our  telephone number anytime and from anywhere. Unlike radio broadcasts,  our briefings won't bore you with ads or repeated stories.    Gathering business intelligence Press keypad buttons to repeat, pause, or skip stories on command.  Request additional articles on any story to be sent via follow-up  e-mail -- we?ll send links to key articles from newspaper,  magazine, and specialist websites.    Give  it a try - FREE! Call Plum Briefings daily, absolutely free. Enter 1-800-990-PLUM into your mobile phone speed dial. Call and use passcode 3004 followed by the # key. Try it now!    TO SUBSCRIBE OR FOR MORE INFO: download brochure at PlumBriefings.pdf


Here is a list of journal entries for January that we have.  They will be
ready to be filed/signed.  Pam and Marnie will have the ones the will require
a signature.

 To Be Filed   Signature Required
Co.  0002    01N2
 0003    0272
 052K    0942
 1311    046K
 0935    1319
 0958    028P
 034M    1313
 037H    1380
 040N    1381
 0398    1314
 0914    072R
 0915    0527
 0961    0919
 1298    1297
 0957

Any other entries that need to be filed can be dropped at my desk.

Thanks,

dd


As of today's gas day, ENA has a balance of 658,375 dth in CES's storage.  We
still have 56,000 dth we can over inject for the month of May to reach our
"approved" max monthly injection amount.

In Sitara, I am showing all 658,375 dth of ENA gas coming out of storage in
the month of August.


<<CALPINE DAILY GAS NOMINATION 1.doc>>

RICKY A. ARCHER
Fuel Supply
700 Louisiana, Suite 2700
Houston, Texas 77002
713-830-8659 direct
713-830-8722 fax

 - CALPINE DAILY GAS NOMINATION 1.doc


FYI, in case you weren't aware.  The below volumes flowed on Dayton's
contract.
---------------------- Forwarded by Brian Perrone/CES/ColumbiaGas on
02/09/2000
02:49 PM ---------------------------
   Kara Destephanis                02/09/2000 10:27 AM

To: Joann_Collins@enron.com
cc: Brian Perrone/CES/ColumbiaGas@ColumbiaGas, Megan
Kovach/CES/ColumbiaGas@ColumbiaGas
Subject: Add'l Gas at COH

Joann,
Apparently the way our contract works, if we have the primary capacity
available I can request gas from you and it will be priced at GDA Columbia
App.  Otherwise we have to price it through Brian/Chris.  Could you please let
me know if we are able to serve these volumes using old CES contracts:

Mkt 5-2  9615 dth total

Mkt 7-1  7600 dth total

Mkt 7-8  321 dth total

Thanks Joann!

---------------------- Forwarded by Kara Destephanis/CES/ColumbiaGas on
02/09/2000 10:23 AM ---------------------------

Megan Kovach
02/09/2000 10:22 AM

To: Brian Perrone/CES/ColumbiaGas@ColumbiaGas
cc: Kara Destephanis/CES/ColumbiaGas@ColumbiaGas
Subject:

brian ,
could you please get me a price for the following acts
thanks
megan
---------------------- Forwarded by Megan Kovach/CES/ColumbiaGas on 02/09/2000
10:21 AM ---------------------------

Megan Kovach
02/02/2000 09:09 AM

To: Brian Perrone/CES/ColumbiaGas@ColumbiaGas
cc: Kara Destephanis/CES/ColumbiaGas@ColumbiaGas
Subject:

Brian ,
Please buy gas for the following cust for feb these bad boys just landed in my
lap.....FUN FUN FUN
City Of Brea COH-5 Market area 2    870dth
Hawkins Center COH-5 MArket Area 2    480dth
medina county sanitaion COH-5 Market area 2   3028dth
Parma South Pres COH-5 MArket area 2   434dth
Medina County Commiss COH-5  MArket Area 2
4803Dth
Moore Business Forms  COH-7 MArket area 1   7600Dth
Granville IGA   COH-7 Market area 8   321Dth
I am Checking on East Liverpool School of ed and Glacier Vandervell
Thanks
Megan


Would you want to go see Al Green next Thursday night?


---------------------- Forwarded by Sandra F Brawner/HOU/ECT on 12/01/2000
02:49 PM ---------------------------

	From:  Andrea Ring                           12/01/2000 02:54 PM

To: Sandra F Brawner/HOU/ECT@ECT
cc:
Subject: Fwd: FW: Run off or Dance off?

---------------------- Forwarded by Andrea Ring/HOU/ECT on 12/01/2000 02:54
PM ---------------------------
   Michele Winckowski @ ENRON                11/28/2000 04:47 PM

To: Andrea Ring/HOU/ECT@ECT
cc:
Subject: Fwd: FW: Run off or Dance off?

This is the only answer -- specifically for us "sad" individuals.  Love ya -
MW

>
> (See attached file: danceoff.exe) <<danceoff.exe>>

 - danceoff.exe


Steve,

Thank you for the update.  The need is still great for this disk space.

Phillip


my address is 2302 Travis St. #8225 houston 77006


Yes!

	Michael Slade
	11/02/2000 04:14 AM

		 To: Bob Shults/HOU/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Re: GFI Non disclosure

I have a copy now - would you like it faxed?
Mike

To: Michael Slade/LON/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT

Subject: Re: GFI Non disclosure

Do you know the status on this?

Michael Slade
10/31/2000 09:49 AM
To: Bob Shults/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT
Subject: Re: GFI Non disclosure

Hello Bob
Yes that's right - although it should all be done now, although I had a call
saying they hadn't received the doc , although I did courier it round.
Unfortunately I am having to work from home today because of flooding in
south of England - so I can't check the file - but will do so as soon as I
get back to the office
Michael

To: michael.slade@enron.com
cc: Tana Jones/HOU/ECT@ECT

Subject: GFI Non disclosure

I am working with Andy Zipper on the Broker Client application.  I talked to
Colin Hefron at GFI and his attorney is apparently working with you on the
Non Disclosure Agreement.  Please let me know the status so that I can move
forward on discussions with GFI.  My number is 713 853-0397.


Lunch from August Moon will be arriving by 11:30 a.m. tomorrow for your dining pleasure, compliments of Tim Belden and Chris Calger for all your hard work.


ok I've added them, forward the email's for me.

 -----Original Message-----
From: 	Calger, Christopher
Sent:	Wednesday, May 02, 2001 4:36 PM
To:	Lavorato, John
Cc:	Kitchen, Louise
Subject:	Re:

John,

I believe Jake Thomas and Mike Mcdonald should also be on this list.  They are responsible for $80MM of my budget.

Chris

From:	John J Lavorato/ENRON@enronXgate on 05/02/2001 04:29 PM CDT
To:	Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Harry Arora/ENRON@enronXgate, Edward D Baughman/ENRON@enronXgate, Sally Beck/ENRON@enronXgate, Tim Belden/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Remi Collonges/SA/Enron@Enron, Wes Colwell/ENRON@enronXgate, Derek Davies/CAL/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Joseph Deffner/ENRON@enronXgate, Glen Devries/ENRON@enronxgate, Paul Devries/TOR/ECT@ECT, W David Duran/HOU/ECT@ECT, Chris H Foster/ENRON@enronXgate, Doug Gilbert-Smith/Corp/Enron@ENRON, Orlando Gonzalez/SA/Enron@Enron, Mark E Haedicke/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Ben Jacoby/HOU/ECT@ECT, Scott Josey/ENRON@enronXgate, Joe Kishkill/SA/Enron@Enron, Kyle Kitagawa/CAL/ECT@ECT, Fred Lagrasta/ENRON@enronXgate, John J Lavorato/ENRON@enronXgate, Eric LeDain/CAL/ECT@ECT, Laura Luce/Corp/Enron@Enron, Thomas A Martin/ENRON@enronXgate, Jonathan McKay/CAL/ECT@ECT, Don Miller/ENRON@enronXgate, Michael L Miller/ENRON@enronXgate, Rob Milnthorp/CAL/ECT@ECT, Jean Mrha/ENRON@enronXgate, Scott Neal/HOU/ECT@ECT, David Oxley/ENRON@enronXgate, David Parquet/SF/ECT@ECT, Beth Perlman/ENRON@enronXgate, Kevin M Presto/HOU/ECT@ECT, Brian Redmond/ENRON@enronXgate, Hunter S Shively/ENRON@enronXgate, Fletcher J Sturm/HOU/ECT@ECT, Mike Swerzbin/ENRON@enronxgate, C John Thompson/ENRON@enronXgate, Carl Tricoli/Corp/Enron@Enron, Barry Tycholiz/NA/Enron@ENRON, Frank W Vickers/NA/Enron@Enron, Brett R Wiggs/SA/Enron@Enron, Greg Wolfe/ENRON@enronXgate, Max Yzaguirre/NA/Enron@ENRON, John Zufferli/CAL/ECT@ECT
cc:	Louise Kitchen/HOU/ECT@ECT
Subject:

Hello everyone.

In December we decided to kill our planned offsite due to market volatility.  Louise and I would like to get everyone together offsite, probably in late June (once Louise is back from holiday (just kidding)).  I think it's time to go have a little fun with the group driving Enron's success.

I would like suggestions as to:

1)  Where to go.

2)  What should be the focus of the business meetings.

3)  Should we have business meetings or should we do something else (ie. climb a mountain)?  I'm not a strong bid on climbing a mountain.

4)  And any other ideas you have.

In addition I would like to start having staff meetings about once a month.  The first one will be Friday May 11th at 2:30 p.m.  Please add this to your schedule.  I have invited everyone who has P/L responsibility.  Portland, Calgary and Toronto will have to be on Video or Phone conference.

Regards

John


There is one left - Net 10000 DYN short with 10000 DYN long.

Kevin Presto
East Power Trading
Phone:  713-853-5035
Cell:  713-854-3923
Fax:  713-646-8272


Attached is the letter.  I am forwarding per Mark's request.  Let me know if
you have any comments.  If everything looks good, let me know and I will
create executables.  Thanks.


www.energysource.com

 -----Original Message-----
From: 	Taylor, Michael E
Sent:	Monday, August 13, 2001 8:13 AM
To:	Woods, Trevor
Subject:	Nox Model

Trevor,

Raj ran a lot of senstivity analysis.  I will run the current model with our best assumptions again.  So it will be ready in 30 minutes.

O:\Liquids\Liquids\Coal\Emissions\mike t\Current NOx\NOX Final Model

Michael Taylor
Coal and Emissions Trading
Enron Global Markets
(713) 853-1885


Caroline,
In order to try and meet your timing requirements on your other priority deal
I devoted my time at the end of last week to working on identifying
acceptable Anguillan counsel, getting them approved by Jim Derrick and
preparing a derivatives legal survey for counsel, which process can normally
take up to several weeks.  Please note my email sent Friday night for the
update on that project.  My comments on the latest Union Spring comments are
as follows:

With respect to item 1, I have made one slight modification for clarity, that
the new Manager be acceptable "to Party A".
With respect to item 2, I have further modified the tax representation to
conform it to the tax documents the counterparty is able to provide by
removing references to being able to transact from a location within the
United States.
With respect to item 3, I have agreed to their change.
With respect to item 5, we still require an opinion of counsel.
With respect to item 6, the changes are agreed to.
With respect to item 7, as I mentioned to you last time we spoke about Union
Spring, I cannot agree to their ERISA change.  Our outside counsel who is our
expert on these issues does not agree the change is acceptable.  We need a
citation to an applicable statute or regulation that would exempt the
arrangement  from the prohibited transactions prohibitions of ERISA.  You had
indicated you would get them to send their references to a code section so we
could have some new context in which to review the change.  As of now I have
not received any rational or code section references.
With respect to item 8, I have made the change.
All other marked changes not mentioned on the list were agreed to.

Attached please find a revised blackline draft of the Agreement which
incorporates Paul's and my comments.

Regards,
Brent Hendry

	Caroline Abramo
	03/30/2001 06:01 PM

		 To: Brent Hendry/NA/Enron@Enron
		 cc: Fred Lagrasta/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT, Paul Radous/Corp/Enron,
William S Bradford/HOU/ECT
		 Subject: RE: Union Spring Fund Ltd. ISDA

hello???  brent- can you please look over and comment on erisa and outside
counsel issues and any others you have.. i want to rap this up monday... no
reason why this has to drag on....
---------------------- Forwarded by Caroline Abramo/Corp/Enron on 03/30/2001
06:59 PM ---------------------------
From: Paul Radous/ENRON@enronXgate on 03/30/2001 04:35 PM
To: Caroline Abramo/Corp/Enron@Enron, Brent Hendry/NA/Enron@Enron
cc:

Subject: RE: Union Spring Fund Ltd. ISDA

Caroline and Brent

My comments to items 1, 4, 9 and 10 follow:

1.  I am ok with Virginia's proposal
4.  Ok
9.  I would argue that Union Spring's position actually creates the
"administratively burdensome and somewhat silly" situation it nominally seeks
to avoid.  My suspicion is that Enron will not, in fact, always be holding
Union Spring's cash.  Please refer to the definition of "independent amount":

(A)  &Independent Amount8 means with respect to Party A, the amount specified
as such for Party A in each Confirmation, or if no amount is specified, zero
and means with respect to Party B the amount specified as such for Party B
which may be either increased or decreased from time to time in a
Confirmation, which amount as modified shall be the Independent Amount
applicable for all outstanding Transactions, provided, however, that in no
event shall Party B,s Independent Amount be less than $100,000 if there are
any outstanding Transactions

Further, Paragraph 3 determines the amounts of collateral to be exchanged.

So, if Enron was out of the money more than the Independent amount, all of
Union Spring's money will be returned.  As the transaction moved further in
Union Spring's favor, Enron could be called on to post margin.  Assume the
independent amount is $200,000 and Enron was out of the money $230,000.
Under Union Spring's $10,000 transfer rounding proposal, Enron would post
$30,000.  Under Enron's proposal, Enron would post $100,000.  Day 2 the
exposure increases to $240,000.  Under Union Spring's proposal, Enron would
need to post another $10,000.  Under Enron's proposal, no exchange of cash
would be warranted until another $100,000 of exposure had accumulated.  It is
precisely because Enron wants to avoid exchanging nominal amounts of cash
that we want the rounding amount to be $100,000.

10.  We can increase the guaranty amount to $10MM.  Given the expected
positions with Union Spring, we don't anticipate that they would ever have a
value at risk in excess of this amount.  As you know, Corp. will not provide
an unlimited guaranty....
 -----Original Message-----
From:  Abramo, Caroline
Sent: Thursday, March 29, 2001 11:40 AM
To: Hendry, Brent; Radous, Paul
Subject: RE: Union Spring Fund Ltd. ISDA

can we talk about this asap..
thanks,
ca
---------------------- Forwarded by Caroline Abramo/Corp/Enron on 03/29/2001
12:39 PM ---------------------------

Virginia Loebel <VLoebel@WILLOWBRIDGE.COM> on 03/29/2001 11:00:55 AM
To: "'Caroline.Abramo@enron.com'" <Caroline.Abramo@enron.com>
cc: Michael Franko <MFranko@WILLOWBRIDGE.COM>

Subject: RE: Union Spring Fund Ltd. ISDA

O.K. Caroline, I think we're just about finished with this.  I've marked the
attached Annex and Schedule and hope the changes are acceptable.  You will
see that we've accepted virtually all of the changes your counsel had made
to the last draft as well as the new language that he inserted.  There are a
few points that needed further clarification due to the additional new
wording as well as some clean up where previously agreed changes did not
appear in the document.

A very short re-cap:

1. Since you requested we specifically mention Phil's continued
involvement, we've added language to the "Additional Termination Events"
that allows for an acceptable replacement manager.  This would provide Enron
an out and also allow Phil to sell the company without all positions going
into immediate termination.  I think it gives you the flexibility you
require while still giving us a little room.

2. We agreed to all the new tax reps you inserted

3. We've deleted reference to providing W8-ECI - this is not applicable
for us.  We will provide the W8-BEN

4. We had previously agreed that audited annual financials would be
available within 150 days versus 120 as in the document.

5. Regarding request for legal opinion.  In the past, we've provided
copies of our constituent docs. showing we're allowed to enter into these
types of trades.  This has always been sufficient in the past.  We estimate
the cost for an off-shore legal opinion to be around $5,000.

6. We generally accepted the changed wording in Eligibility, but
deleted the reference to Commercial Entity - we are not a Commercial Entity
that uses the underlying product of the trade - like a utility company or a
refiner.

7. We need to make the ERISA change previously requested.  As written
it does not allow even $1.00 of ERISA assets - and we do have these.

8. As requested, we've added Phil's name as the Manager

9. Regarding the Annex, we've accepted the Initial Amount required, but
need to discuss the Minimum Transfer Amounts and Rounding - as written, if
we (or you), owe $10, we (or you) must wire $100,000.  This seems both
administratively burdensome and somewhat silly - especially in light of the
fact that for your part, you will always be holding at least $100,000 of our
cash.

10. Regarding the Enron guarantee - thanks for making some of the
changes.  I see that the guarantee remains limited to $2 mio., which is
something we can live with and will just keep it in mind as we book trades.

Let me know your thoughts,

Virginia M. Loebel
 <<ENRON ISDA 3.DOC>>

 -----Original Message-----
 From: Caroline.Abramo@enron.com [SMTP:Caroline.Abramo@enron.com]
 Sent: Friday, March 23, 2001 10:30 AM
 To: vloebel@willowbridge.com
 Subject: Union Spring

 V- give me a call at your convenience
 212 702 3910
 Thank you for your comments.  I am attaching a revised blackline
copy of
 the Schedule to the ISDA Master and Paragraph 13 to the Credit
Support
 Annex for your review.  Many of your comments were incorporated
either
 wholly or partially or otherwise modified as a suggested compromise.
 Please let me know if you have any other comments or questions.
Please
 call me if you would like an explanation of why Paragraph 6(h) of
the
 Schedule is included.

 (See attached file: 073a ctr (Union Spring - Hedge Fund).doc)

 Regards,
 Brent Hendry
 Senior Counsel
 Enron Wholesale Services
 1400 Smith Street
 Houston, Texas 77002
 Phone:    713 853 7124
 Fax: 713 646 3490

  << File: 073a ctr (Union Spring - Hedge Fund).doc >>

 - ENRON ISDA 3.DOC << File: ENRON ISDA 3.DOC >>


John,
Checking in on TCO cap we talked about last week (to Market Areas 2 and 25).  Any word on what you have available for Nov - Mar?  And, the ROFR element?  Call me.
Paul


Is this something you are working on?
----- Forwarded by Mark Taylor/HOU/ECT on 09/11/2000 09:55 AM -----

	Julia H Chin@ENRON
	09/11/2000 08:16 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Osprey II - Enron Agreement

hi mark -- this is a currency swap agreement for the pending condor follow-on
offering.  could you have some one from your group take a look of this
agreement?  we are printing the preliminary offering memo this friday and the
deal closes toward the end of this month.

thanks.

---------------------- Forwarded by Julia H Chin/NA/Enron on 09/11/2000 08:09
AM ---------------------------

JGallup@milbank.com on 09/09/2000 01:21:13 AM
To: barry.schnapper@enron.com, dan.boyle@enron.com,
trevor.randolph@enron.com, brian.steinbrueck@enron.com,
julia.h.chin@enron.com, gina.karathanos@enron.com, annmarie.tiller@enron.com,
Brent.Vasconcellos@enron.com, clint.walden@enron.com, ryan.siurek@enron.com,
lnath@dlj.com, dscott@dlj.com, dcapolon@dlj.com, lmallett@dlj.com,
mbdavis@dlj.com, dhemsey@dlj.com, cwebb@dlj.com, mprotz@dlj.com,
mcho@dlj.com, paul.f.cambridge@db.com, mike.jakubik@db.com,
craig.orchant@db.com, george.tyson@db.com, ross.newman@db.com,
maia.babbs@db.com, ute.muenstermann@db.com, peter.zabel@db.com,
joseph.kopec@db.com, mspradling@velaw.com, rastin@velaw.com,
eosterberg@velaw.com, tchandler@velaw.com, crankin@velaw.com,
pwarman@velaw.com, silversteina@sewkis.com, sbaratta@sewkis.com,
aroberts@wilmingtontrust.com, jlawler@wilmingtontrust.com,
gmitchell@ustrust.com, lyoung@ustrust.com, mazie@rlf.com,
tom.mazza@deweyballantine.com, joan.wheatley@deweyballantine.com,
hershel.wein@deweyballantine.com, robert.frastai@deweyballantine.com
cc: TDavis@milbank.com, BKayle@milbank.com, JGallup@milbank.com,
AWalker@milbank.com, ELim@milbank.com, SRenas@milbank.com,
KRiester@milbank.com

Subject: Osprey II - Enron Agreement

Attached, please find a draft of the Enron Agreement for the Osprey II
transaction.? Please be advised that this draft is simultaneously being
distributed to our clients and therefore, remains subject to their review and
comments.

Please do not hesitate to contact me if you have any questions or comments.

Best regards,

Joy K. Gallup

 <<Enron Agreement.doc>>

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - Enron Agreement.doc


All four look fine to me.

	Janette Elbertson
	02/21/2001 02:04 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc: Robert Bruce/NA/Enron@Enron
		 Subject: "Chinese Wall" Classroom Training

This is the first of four e-mails I am forwarding for your review.  Mark
Haedicke said you should review them before they go out.

Janette Elbertson
Enron North America Corp.
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
janette.elbertson@enron.com
----- Forwarded by Janette Elbertson/HOU/ECT on 02/21/2001 02:03 PM -----

	Mark E Haedicke
	Sent by: Janette Elbertson
	02/21/2001 11:02 AM

		 To: Steve Jacobellis/NA/Enron@Enron, Pushkar Shahi/HOU/ECT@ECT, William
Stuart/HOU/ECT@ECT, Ellen Su/Corp/Enron@Enron, Michael W Bradley/HOU/ECT@ECT,
Samantha T Davidson/HOU/ECT@ECT, Farzad Farhangnia/HOU/ECT@ECT, Jaime
Gualy/NA/Enron@Enron, Matthew Jachimiak/HOU/ECT@ECT, William Patrick
Lewis/HOU/ECT@ECT, Kelly McCoy/HOU/ECT@ECT, Patricia RUCH/ENRON@enronxgate,
Eric Scott/HOU/ECT@ECT, Selena Gonzalez/HOU/ECT@ECT, John Greene/LON/ECT@ECT,
David J Vitrella/HOU/ECT@ECT, John Weakly/Corp/Enron@ENRON, Mike
Fowler/Corp/Enron@ENRON, Gary Hickerson/HOU/ECT@ECT, Sheila
Glover/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Aneela Charania/HOU/ECT@ECT
		 cc:
		 bcc: Robert Bruce/NA/Enron@Enron
		 Subject: "Chinese Wall" Classroom Training

 As you know, Enron Wholesale Services (&EWS8) maintains official Policies
and Procedures Regarding Confidential Information and Securities Trading
(&Policies and Procedures8), which have been revised as of November 15, 2000
to reflect the new EWS structure.  Many EWS employees are being required to
become familiar with, and certify compliance with, the Policies and
Procedures.

 Additionally, the EWS legal department is conducting one-hour classroom
training sessions for certain personnel whose job functions are critical to
the Policies and Procedures.   By virtue of your role in the financial
trading group, your participation in such training is important to the
success of the Policies and Procedures.

 Therefore, please register for one of the four one-hour sessions listed
below.  Each session is tailored to a particular commercial group, and it
would be preferable if you could attend the session for your group (your
particular group is the one highlighted in bold on the list below).  However,
if you are unable to attend the session for your group, it is preferable that
you attend another session rather than no session at all.

 Monday, March 5, 2001, 10:00 a.m. ) Resource Group
 Monday, March 5, 2001, 11:00 a.m. ) Origination/Business Development
 Monday, March 5, 2001, 3:30 p.m. ) Financial Trading Group
 Monday, March 5, 2001, 4:30 p.m.  ) Heads of Trading Desks

 Each session will be held at the downtown Hyatt Regency Hotel in Sandalwood
Rooms A & B.  Please confirm your attendance at one of these sessions with
Brenda Whitehead by e-mailing her at brenda.whitehead@enron.com or calling
her at extension 3-5438.

 Make-up video presentations will be scheduled at a later date for those of
you who have irreconcilable scheduling conflicts.   Because of the
interactive nature of the training, it is important that you attend one of
the March 5 sessions if at all possible.


Cooper, Phillip Allen pointed me in your direction to be added to access for
the westpower internet site?  Let me know if you need additional
information.  Thanks.

Randy
x31991


Please be advised that, on May 3, 2001, the Federal Supreme Court finally
decided that the Brazilian Arbitration Act does not violate the Brazilian
Constitution.


Per Richard Sanders request, attached is a letter for Bruce Williamson of
Duke Energy.

Twanda Sweet
Enron North America Corp.
EB3822
(713) 853-9402
twanda.sweet@enron.com


I have an executed fax of the Transaction Agreement, and signed signature
page and incomplete portions of the Master.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


We have shown you the following:

The power spreadsheets reflect the actual contracts closed and we have
demonstrated in the charts the number of active transactions by month. I.E.
you are correct. Welcome to "emerging power markets".

On the gas side there was some confusion of how to reflect the supply
transactions. It has been corrected and is noted below.

In either case the volumes and numbers are small but there is a market
willingness to transact. The question is "are there clear two ways". The
reality is that this is very far away from the world of US energy. I have
stated that this is not trading but rather structured origination based upon
a trading principals and philosophy and cleared through a trading format.
Maybe the market will emerge to a more sophisticated level but for now we
just need to be able to clear the positions reasonably.

We are also trying to advance the model to a more liquid format but that is
done through our regulatory efforts and commercial education. Every day is a
new challenge.

Do you have any other questions or formats I could assist you with?

MFG

John J Lavorato
11/27/2000 11:36 AM
To: Michael Guerriero/SA/Enron@Enron
cc: David W Delainey/HOU/ECT@ECT

Subject: Re: Argentine Transaction Summary

Mike

The number of trades doesn't seem to match between your presentation and the
spreadsheet data.  The spreadsheet shows 17 power trades this year and your
presentation shows almost that many every month.  Same comment for the gas
side.


Cooper  here is some of a plethora data I got yesterday will discuss with
you how to use it when we meet this week.  Stan----- Original Message -----
From: Karl Runions <Karl.Runions@gov.ab.ca>
To: <williams.ltd@attcanada.net>
Cc: Thai Nguyen <Thai.Nguyen@gov.ab.ca>
Sent: Tuesday, June 05, 2001 8:56 AM
Subject: Snow Pillow Data

> Attached is an excel spreadsheet which contains historical  7 day water
> equivalent averages from the snow pillow stations operated by Alberta
> Environment. A copy of a map showing the location of snow pillow and snow
> course sites has been sent to you, along with maps of the Meteorological
and
> Hydrometric sites we operate in near real time.
>
>  <<SNPI_AVE.xls>>
>

 - SNPI_AVE.xls


Please Send to ETS Gas Logistics Staff (Excluding Midland Control)

Please plan to join me on Wednesday, November 28 from 2-3 in 39C1 for a Gas Logistics staff meeting.  We will discuss company updates as well as questions about the PEP system.

In addition, I have arranged for HR to conduct a training session on Effective Performance Feedback on Thursday, November 29 in Room ECN 5C2 from 1pm-3pm.  Roger Sumlin of the ETS Performance Improvement group will lead the session.  The concepts and techniques covered will help you be more effective in any feedback situation, such as providing feedback in PEP and in interactions with team members.  Roger will talk about what affects a person's openness to feedback and what a feedback giver needs to do to meet the feedback receiver's needs.   He will also review examples of good and bad statements entered in PEP and performance evaluation forms and talk about the importance of providing specific, useful and honest feedback that includes behavioral examples.   This session is voluntary, but I hope that you will take advantage of the opportunity to improve feedback effectiveness.  Please contact Tonja Trevino by Tuesday, November 27 to enroll in the session.  You may e-mail Tonja at <mailto:tonja.trevino@enron.com> or phone her at x30412.


As we wind down a long and somewhat tragic year I'd like to wish all of you
the best for a wonderful holiday season and hopefully 2002 will be a happier
year for all.

Best wishes

Charles

Charles Uus
Commodity Trading
Shell International Trading and Shipping Company Ltd.
Shell Mex House
Strand
London  WC2R 0ZA
Tel - 44.(0)20.7546.2381
Fax - 44.(0)20.7546.4448
Mobile - 44.(0)781.018.2647


I have not received any response yet from Dave Delainey to my Feb 21 memo which forwarded additional information about the investment and the energy services agreement .  I intend to followup with him next week.   Dick.

Louise Kitchen@ECT
03/01/2001 12:56 PM
To:	Richard Lydecker/Corp/Enron@ENRON
cc:

Subject:	RE: Heartland Industrial Partners

Sorry it took me a while to repond.  Has EES picked this up?  If so what is the financial implication on the $6m already invested to date?

Thanks

Louise

Richard Lydecker@ENRON
02/13/2001 04:32 PM
To:	Louise Kitchen/HOU/ECT@ECT
cc:

Subject:	RE: Heartland Industrial Partners

Heartland Industrial Partners is one issue we did not discuss this morning.  These e-mails summarize the situation.  I have not been able to get resolution yet on who provides the home for this investment.  It doesn't fit ENA.  Bowen doesn't want it in EIM.  EES does not want to invest this kind of capital (although Delainey did ask for some additional information).
---------------------- Forwarded by Richard Lydecker/Corp/Enron on 02/13/2001 03:39 PM ---------------------------

Richard Lydecker
02/12/2001 01:42 PM
To:	David W Delainey/HOU/ECT@ECT
cc:	Brian Redmond/HOU/ECT@ECT

Subject:	RE: Heartland Industrial Partners

With respect to your questions concerning the Heartland Industrial Partners fund and current investments:

Heartland is a private equity buyout fund with $1.2 billion in commitments.  The targeted size of the fund is $2 billion.  The fund is headed by David Stockman, former managing director at The Blackstone group.  Stockman was director of OMB under Reagan.

Heartland's objective is an IRR of 30% gross (26% to the limited partners).  The limiteds get an 8% preferred return after which the GP gets a 20% carried return.  The GP also receives a 1.5% management fee.   In my experience these terms are consistent with most private equity funds.

The fund's objective is to acquire and expand industrial companies "in sectors ripe for consolidation and growth."  These "industrial platform scaleups" are targeted to be in sectors such as aerospace components and materials, automotive suppliers, capital goods, chemicals, plastics conversion, metal working, etc.

The fund has two investments currently:

MascoTech is a merger of three fund companies.  It is a leading global designer and supplier of high quality, low-cost metal formed components, assemblies and modules for the transportation industry.  Products include noise vibration and harshness products, transmission and transfer case components, engine components, wheel end and suspension components, axle driveline components.  Estimated revenues were $1.9 billion in 2001.  The company has 50 facilities in 11 countries.  9,500 employees.

An agreement to purchase Collins & Aikman Corporation was signed in January 2001.  C & A is a leader in automotive floor and acoustic ceilings and a leading supplier of automotive fabric, interior trim and convertible top systems with 2000 sales of $1.9 billion.

The original DASH in April 2000 predicated that "ENA will receive the exclusive right to provide all energy-related products and services to each platform company owned by the fund...ENA will submit a comprehensive, long-term, energy managment plan for each platform company.  HIP will be obligated to accept and implement the plan as long as the plan provides a cost benefit relative to the platform company's current practices after accounting for switching costs.  The expected value of this business to ENA is about $20 - 50 MM."

---------------------- Forwarded by Richard Lydecker/Corp/Enron on 02/12/2001 01:04 PM ---------------------------
From:	Raymond Bowen/ENRON@enronXgate on 02/09/2001 07:04 PM
To:	David W Delainey/HOU/ECT@ECT, Richard Lydecker/Corp/Enron@Enron
cc:	Brian Redmond/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ENRON, Jeffrey McMahon/ENRON@enronXgate

Subject:	RE: Heartland Industrial Partners

Dave,

Congrats on your new role.  Heartland Industrial Partners was an investment pursued solely for the purpose of providing deal flow for energy outsourcing opportunities when ENA's Industrial Group was following a broad based energy outsourcing business plan.  It has zero relevance to EIM's business.  In fact, Heartland has been reflected on ENA's balance sheet ever since the creation of EIM last August.  Brad Dunn has administered the relationship as a transitional matter in the intervening months.  Brad has attempted to get EES to take on the transaction, but they have expressed no interest in the capital commitment.  However, EES wants the option to look at the energy outsourcing opportunities in the transaction.  If I thought I could get a free option, I would take the same position.  If Enron is to get anything out of Heartland Industrial Partners beyond the return on our invested dollars, that value will come to EES.  Since there is no paper or steel aspect to Heartland, it doesn't belong in EIM and I don't want it.  I would be happy to discuss.

On a different note, there are lots of opportunities for EES and EIM to work together on (i) energy opportunities in EIM's pulp & paper and steel customer base and on (ii) paper or steel opportunities in EES' client base.  Jeremy Blachman and I had agreed on a revenue sharing plan to incent the groups to cooperate, but I assume you will want to understand it now.  Janet and I talked about it today and she was going to follow up with Jeremy.

Take Care,

Ray
 -----Original Message-----
From: 	Delainey, David
Sent:	Friday, February 09, 2001 6:01 PM
To:	Lydecker, Richard
Cc:	Redmond, Brian; Colwell, Wes; Raymond Bowen/HOU/ECT@ENRON
Subject:	Heartland Industrial Partners

Richard, it is my understanding that this investment is currently in Ray Bowen's business.  In my ENA shoes, I would say we would have no interest in taking on that responsibility.  In my EES shoes, I would like to take a closer look at the possible connections.  Please send me some info on the investment fund and their current investments portfolio.

I have also heard that Tom White has been talking to you about EES taking on the Catalytica investment.  With my EES shoes on, no way!!!!

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/09/2001 05:56 PM ---------------------------

Richard Lydecker@ENRON
02/07/2001 09:01 AM
To:	David W Delainey/HOU/ECT@ECT
cc:	Brian Redmond/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT
Subject:	Heartland Industrial Partners

Dave, in May 2000 Enron North America committed to invest up to $30 million in Heartland Industrial Partners L.P., a private equity fund.  The terms of the fund investment are fairly typical (and not particularly exciting for a limited partner such as we).  The deal was "sold" on the basis of ENA getting exclusive rights to provide energy management services to companies owned by the fund if these were cost effective.  The claimed benefits for the energy management tie were calculated at $20 - 50 million.  The deal was originated by Brad Dunn who now is in EIM.   Ownership of this commitment had been assigned to Jim Ajello.

The kinds of energy management services associated with this deal are now provided by EES.  While they are happy to exploit any opportunity, their business plan does not contemplate investment substantial capital in this kind of deal.  In short, they have no interest in picking up the commitment (and capital employed) via an intercompany transfer.

Private equity funds such as this are highly illiquid by design and the normal investment cycle is at least 5 - 7 years.  The Heartland partnership has a 10-year life,  Enron did negotiate the right to sell its LP interest after 3 years.  As a practical matter, that right guarantees neither a fair price or even a market.

There is no logical home for this investment that I know of in ENA except in my portfolio.  Question: is this an ENA responsibility or would it move to EIM's balance sheet?  If we (ENA) have no choice but to retain the investment, my group will take responsibility for it and do our best to monetize funds invested to-date (about $6 million) and sell the remaining commitment.  Since the fund itself is still marketing limited partnership interests, however, it will be extremely difficult to get out of our investment/commitment in the foreseeable future.  Under any circumstances finding a buyer will be time-consuming and expensive.  (This is a poster child for "patient" investment capital).

I want to ensure that you are aware of the situation in case your view is that the obligation should be transferred to EIM which I believe has assumed the charter of the ENA group that formerly managed this investment.  Dick.

<Embedded StdOleLink>
<Embedded Picture (Device Independent Bitmap)>


did they send a CSA?


need correct pin code for call with sanders.  thanks, jeff


I just got your fax - thank you! I'll start changing over those deals right
now, so it shouldn't be long. I'll send you another e-mail when they're all
done.

Kate

Kimberly Hundl@ENRON
03/26/2001 08:36 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: City of Riverside #552518

Thanks Kate!  i just faxed that list of daily deals that need to be changed.
Please let me know if you don't receive it!
Kim

   Kate Symes @ ECT                03/26/2001 10:04 AM

To: Kimberly Hundl/Corp/Enron@ENRON
cc:

Subject: Re: City of Riverside #552518

It's been changed. Thanks!

Kate

Kimberly Hundl@ENRON
03/26/2001 07:25 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: City of Riverside #552518

Hi Kate!
This deal needs to be changed to CAISO energy.  Also, I will be faxing the
list of West Daily Deals that need to be changed to "no confirm".
Thanks for your help!
Kim


Rick - Here is a final copy of the NJN LOI  that was executed ie fuel cells.
I'm excited about this because although NJN is a smaller LDC , this deal was
cut at the highest levels (Pres/CFO) of their organization and has solidified
an already solid regulatory relationship.  Larry Downes has all but assured
me that  the gas asset deal is next!   Hope all is well.  See u Thursday.
---------------------- Forwarded by Steve Montovano/NA/Enron on 03/06/2001
02:48 PM ---------------------------

Kay Mann
03/06/2001 02:05 PM
To: Steve Montovano/NA/Enron@Enron
cc:
Subject: Re: NJR LOI

Opps.

Steve Montovano
03/06/2001 02:06 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: NJR LOI

I still don't have a copy of the final LOI!  Please send to me at your
convenience.  Thanks!

Kay Mann
03/06/2001 09:16 AM
To: Steve Montovano/NA/Enron@Enron
cc:
Subject: Re: NJR LOI

Great trip back.  I spent yesterday in Clarksdale Mississippi.  Don't make a
point of spending your vacation there!

Can you email me Glenn's info so I can send him the hard copy?

I enjoyed our time together, and look forward to more adventures.

Kay

Steve Montovano
03/05/2001 08:22 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: NJR LOI

Kay - I hope travel back to iah was uneventful.  Please email me a final copy
of the LOI that was eventualy signed by NJR.  Thank you! Steve


Robert,
	Please let me know if Bob was able to get this done for us.

				Thanks
				  Chris

 -----Original Message-----
From: 	Bailey, Robert
Sent:	Wednesday, July 25, 2001 3:46 PM
To:	Stokley, Chris; Rutledge, John
Subject:	meter data documentation

fyi
---------------------- Forwarded by Robert Bailey/HOU/EES on 07/25/2001 05:45 PM ---------------------------

	Enron Energy Services  From:  Robert Bailey                           07/25/2001 04:30 PM

To:	Robert D Gresch/HOU/EES@EES
cc:	Brenda F Herod/Enron@EnronXGate, Glenn.E.Matthys@Enron.com, Maurice Winter/HOU/EES@EES, Richard Miller/HOU/EES@EES, Gregg Young/HOU/EES@EES
Subject:	meter data documentation

Bob,

Brenda wants us to move quickly with this request.  In your opinion, what is the best way to process this request?  If you put it under the 'Ranger' request, will this escalate this to the top?  If so, please do it.  It you have another process, let us now.  We do not want to incur additional charges by using an ECR, if we can avoid it.

What 'paperwork' needs to be completed?   WIP?  other?

Thanks

---------------------- Forwarded by Robert Bailey/HOU/EES on 07/25/2001 04:22 PM ---------------------------

	Enron Energy Services  From:  John Rutledge                           07/25/2001 04:12 PM

To:	Robert Bailey/HOU/EES@EES
cc:
Subject:	meter data documentation

---------------------- Forwarded by John Rutledge/HOU/EES on 07/25/2001 04:10 PM ---------------------------

	Enron Energy Services  From:  John Rutledge                           07/25/2001 12:17 PM

To:	Chris Stokley/ENRON@enronXgate, Murray P ONeil/ENRON@enronXgate, Michael Frazier/HOU/EES@EES, Maurice Winter/HOU/EES@EES, Diann Huddleson/HOU/EES@EES, Todd Taylor/HOU/EES@EES, Kenny Ha/HOU/EES@EES, Vivian Hart/HOU/EES@EES, Steven Gullion/HOU/EES@EES, ppriest2@csc.cmo
cc:
Subject:	meter data documentation

In an effort to centralize information uncovered in various meetings, I have put together a short document covering *my* understanding of the meter data flow. Please take a look at ...

     http://172.24.5.129:90/sp/doc/project/analysis/meterdataanalysis.html

...and reply with any corrections, additions and feedback--I will incorporate them into the document.

Pat Priest has told us that if we could get a WIP in by today regarding the daily download of meter data from MV-90, CSC might be able to turn something around to us by next week. Who is in charge of this process? Who gives the go-ahead?

--John


This book request is complete.  Please contact me if you have any questions.

Thank you,
Susan Trevino
x3-1462


---------------------- Forwarded by Larry F Campbell/NA/Enron on 08/30/2000
08:27 AM ---------------------------

dbrown66@csc.com on 08/29/2000 03:24:58 PM
To: lcampbel@enron.com, spendegr@enron.com
cc: jchiero@csc.com

Subject: ELZ - PGE Customers

Larry,

I spoke with Debbie Flynn this afternoon to acquire June usage information
for our customers on ELZ.  She said that she has faxed and mailed this
information to you.  Can you please let us know asap if you have that
information?  We only have two days left this month to invoice the
customers and would greatly appreciate your assistance in helping us do so.

Thanks!

Dyaniese


Move Request number 4031 has been submitted to the move team for processing.


-----Original Message-----
From: 	Wei Tai
Sent:	Monday, April 16, 2001 4:57 PM
To:	Wade Wells
Subject:	FW:

Wei H. Tai
Enron Net Works - Global Markets & Weather Trading Decision Support
wei.tai@Enron.com   713-345-2471

 -----Original Message-----
From: 	Siegel, Adam
Sent:	Wednesday, March 21, 2001 3:50 PM
To:	Tai, Wei
Subject:

Here is the link to the summary emissions numbers to match up with the allowance holdings.  If you have any questions don't hesitate to call.

-Adam Siegel
x3-6813

http://www.epa.gov/airmarkets/emissions/prelimarp/index.html


Chris, I got your message.  I am very happy how you are coming out!  I think
it is a great opportunity for both you and the company!  Please work through
the move and comp questions with Julia.  Of course I will be available as
needed.

Mark


You have received this email because you are listed as a security approver.
Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000007590&Page=
Approval to review and act upon this request.

Request ID          : 000000000007590
Request Create Date : 11/16/00 11:19:34 AM
Requested For       : andrew.burks@enron.com
Resource Name       : EOL US Backoffice  Stack Manager
Resource Type       : Applications


Anita:

Thanks for your note.  You made a great contribution to the Singapore office
and I thank you for that.  Have a happy new year!

Mark Haedicke


David,

No problem. Please, let me know when you have it.

Vince

David Foti@EES
12/11/2000 05:52 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Pinnamaneni Krishnarao/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES
Subject: EES T&D Interest Rate Hedge

 Vince -

Osman asked me to forward a copy of the memo to you.  We hope to speak to you
tomorrow and bring you the original for your approval.

Regards,

Dave Foti


Hey, give me a number where Sandra can reach Merrilee--she got a lead from a
friend on a Dis. 66 house.  DF


Per my discussions with Leslie Hansen and Dave Forster, please restrict
Australian based counterparties from trading US physical power on a going
forward basis.  To the best of our knowledge, no Australian based
counterparty has been granted a FERC license to trade physical US power.
This situation, of course, can change if a counterparty were to provide us
evidence of their FERC licensing.


Teco Tap       15.000 / Enron ;  110.000 / HPL IFERC

LS HPL LSK IC       27.000 / Enron


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