Rick

The following discussion is to bring you up to date on the latest NERC activities on reliability legislation that was a subject on the weekly ENRON-NERC team conference call.

John Shelk explained that NERC has significantly reduced the length of its proposed "Title on Reliability" so as to look more like the PJM approach.  Fundamentally, there are still major differences.  NERC continues to push for the embodiment of deference by FERC to the "SRO" in the legislation.

Given the conference call last week with John Q Anderson, Dave Cook and Jeff Skilling, we were concerned how the upcoming meeting on Aug 9 by NERC stakeholders to "finalize" the NERC version would impact Jeff's request to speak with the Independent Board members before accepting any form of deference to NERC to become the SRO (or the term we prefer Standards Setting Organization - SSO).

The meeting on the 9th should not interfere with Jeff's ability to present issues to the Board.  We don't think Jeff needs to contact John Q Anderson or any NERC members about the Aug 9 meeting.  However, for the discussions with NERC, John Shelk plans to "stay the line" on the Enron position of keeping authority to defer to any SSO with FERC and to keep any language that defers to the SSO out of the legislation.

Jeff should still be able to argue for key Board action items, and if Enron is appeased, deference to NERC could still be given - but not through legislation, rather through FERC "comfort" that the SSO is doing a good job.  By knowing that FERC can "pull the plug" on the SSO if it is not satisfied, this will provide the correct incentive for the SSO to ensure that no industry segment dominates the standards setting process.

I am completing a draft of issues that we want the Independents to resolve/address for Jeff Skilling to take to the Board.
Additionally, Andy Rodriquez and I will develop a summary of examples of why NERC, in its current form, is not able to develop consensus rules that all its members are willing to comply with.  These examples should be powerful arguments for John Shelk to leverage in arguments for FERC authority in the legislation.

We also discussed the need to shop our reliability legislation principles with Pat Wood and perhaps DOE.

Charles Yeung
713-853-0348


we couldn't get in.  the line wasn't moving so we went to the hub.  i tried
to call your cell phone and leave a message.  i got your message late last
night about the movie.  my cell phone was upstairs and i couldn't hear it
ringing.  how was mercury room?


thanks.  it's too complicated for such a simple mind.  i'm gonna take a
pass.  how's things?

	Nancy Sellers <Nancy.Sellers@RobertMondavi.com>
	03/15/2001 10:40 AM

		 To: "'Marc Auble'" <MVA108@aol.com>, "'Glenn Auble'" <GAUB@aol.com>, "'Bobbi
Auble'" <BRAUB5@aol.com>, "'Eldon Sellers'" <Eldon@interx.net>, Cameron
<cameron@perfect.com>, Jeff Dasovich <Jeff_Dasovich@enron.com>, "Prentice @
Berkeley" <PSellers@haas.berkeley.edu>, Prentice Sellers
<PSellers@pacbell.net>, Scott Laughlin <scottwl@hotmail.com>
		 cc:
		 Subject: Picks

get your picks in for the first round by 9:30 our time
Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"


What do you think he'll add?

	Jeff Dasovich
	Sent by: Jeff Dasovich
	10/13/2000 11:01 AM

		 To: skean@enron.com
		 cc:
		 Subject: Legal Analysis on AB 1890

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


| notifications                                                            |
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Batch, Charlie added to Lake Austin Mighty Mullets's rosters, and Hasselbeck, Matt dropped.
If you have a cell phone or pager, you can get this information even sooner! Go to your league's web site and click "Options, Notifications" on the main toolbar to have notifications sent to your pager or phone, via text messaging.

Win a VIP Vegas Vacation! OR Win $600 CASH!
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FB10SP


Electricity Deregulation is coming to Texas!
What a great way to start off the New Year ) to be able to choose your
electricity provider, which could mean potential savings for you and your
family on your electric bill.  As you know, Enron has been a leader in
lobbying for deregulation and a consumer,s right to choose energy providers.

For the first time in our state,s history, 5 percent of Texas households will
have this golden opportunity.  The NewPower Company (NewPower), which is
approximately 45 percent owned by Enron, was recently formed to provide
energy and energy-related services to residential customers in deregulating
energy markets across America, including Texas.  For a limited time,
Houston-based employees will be eligible to participate in NewPower,s pilot
program offering their deregulated electric service.

Be Among the First to Participate:
Enrollment with NewPower begins March 12.  Also, watch for a special Enron
Employees Exclusive offer on your desk March 12.  If you would like more
information about NewPower, visit the company's web site at www.newpower.com

Disclaimers:
Any contract for goods or services that is entered into by an Enron employee
with respect to the NewPower program shall be solely between NewPower and
such employee.  Enron assumes no obligation on behalf of NewPower and makes
no representations, warranties, or guaranties with respect to NewPower, or
any goods or services offered or provided by NewPower.


-----Original Message-----
From: 	Lee, Norman
Sent:	Monday, February 04, 2002 10:04 AM
To:	Valdes, John
Subject:	RE: Power books

Thanks for the information. We shall work with Casey, John, ... on those books.

Norman.

 -----Original Message-----
From: 	Valdes, John
Sent:	Friday, February 01, 2002 3:25 PM
To:	Lee, Norman
Subject:	Power books

Norman,

I believe that you need this for the Enpower side.  Please let me know since I am new to this side of the business.

John Valdes

 << File: Summary of Book Requests PowerUpdate.xls >>


Please see the attached for interviewer information.

Shelly Jones
11/28/2000 05:54 PM
To: Scott Earnest/HOU/ECT@ECT, Tim McKone/Corp/Enron@Enron, Richard
DiMichele/Enron Communications@Enron Communications, Brandon
Neff/HOU/EES@EES, John J Lavorato/Corp/Enron@Enron, Guido
Caranti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Bailey/HOU/EES@EES, Dixie
Yeck/Enron Communications@Enron Communications, Cheryl Lipshutz/HOU/ECT@ECT,
John Godbold/HOU/ECT@ECT, Chuck Randall/HOU/EES@EES, Michelle
Juden/HOU/EES@EES, Mark Reese/HOU/EES@EES, Jim Fallon/Enron
Communications@Enron Communications, Sarah Wesner/Corp/Enron@Enron, Sylvia
Barnes/HOU/EES@EES, Kirk Neuner/Enron Communications@Enron Communications,
Mari Capestany/HOU/EES@EES, Wayne Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Fred Lagrasta/HOU/ECT@ECT,
Bani Arora/HOU/EES@EES, Jonathan Risch/HOU/EES@EES, Heather
Kroll/HOU/ECT@ECT, Brad Romine/NA/Enron@Enron, Julia Kazibwe/HOU/EES@EES,
Thomas Rich/FGT/Enron@ENRON, Mark Smith/Corp/Enron@Enron, Vince J
Kaminski/HOU/ECT@ECT, Kathy M Lynn/Corp/Enron@Enron, Stephen Stenhouse/Enron
Communications@Enron Communications, Jere C Overdyke/HOU/ECT@ECT, Jim
Meyn/NA/Enron@Enron, Donald Reid/Enron@Gateway, Ken Gustafson/HOU/EES@EES,
Daniel Reck/HOU/ECT@ECT
cc: Sue Foust/HOU/ECT@ECT, Rebecca Serwin/Corp/Enron@Enron, Crissy
Collett/Enron Communications@Enron Communications, Sonia
Guerra/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary Lou
Browder/ENRON_DEVELOPMENT@Enron_Development, Mary Lou
Browder/ENRON_DEVELOPMENT@Enron_Development, Adriana Cortes/HOU/ECT@ECT,
Leticia Botello/HOU/EES@EES, Paula Pierre/Enron Communications@Enron
Communications, Theresa Davis/HOU/ECT@ECT, Kelly Lacalli/HOU/EES@EES, Lily
Guerra/HOU/EES@EES, Lucy Marshall/Enron Communications@Enron Communications,
Amy Rios/HOU/ECT@ECT, Karen Street/HOU/EES@EES, Cindy Long/Corp/Enron@Enron,
Becky Young/NA/Enron@Enron, Marcia A Linton/NA/Enron@Enron, Claudette
Harvey/HOU/ECT@ect, Brenda Flores-Cuellar/NA/Enron@Enron, Valerie
Villareal/HOU/EES@EES, Becky Young/NA/Enron@Enron, Amy
Flores/Corp/Enron@ENRON, Sally Slaughter/Enron Communications@Enron
Communications, Donna Baker/HOU/ECT@ECT, Chaun Roberts/NA/Enron@Enron, Terri
Bachand/Enron Communications@Enron Communications, Angie Collins/HOU/ECT@ECT
Subject: Dec 2 Super Saturday INTERVIEWER CONFIRMATION

Please see the attached.

This is a confirmation for SATURDAY INTERVIEWS ONLY.  If you volunteered for
Friday night dinner as well, notification will be sent via email by end of
work day Wednesday regarding your FRIDAY NIGHT DINNER participation.

Please feel free to contact me with any questions.

Thank you
Shelly Jones
ext. 3-0943


---------------------- Forwarded by Jeff Skilling/Corp/Enron on 03/06/2001
03:34 PM ---------------------------

Joe Gold@ECT
03/06/2001 04:25 PM
To: Jeff Skilling/Corp/Enron@ENRON
cc:

Subject: Your Voice Mail

Jeff,

Thanks for getting back to me.  You probably saved us quite a bit of time and
money.

It looks like half of the City of London has been duped into helping E.ON
fool its shareholders.  I wonder how many of their other sales were actually
auctions versus pre-arranged sales dressed up for the shareholders.

We will start our brainstorming sessions over again with a new rule - no
Germans!

Thanks again,

Joe


Lauri,
 I have talked with Gerald and have no information that he is not aware of.
Sorry that my memory isn't better about the intent of the language relating
to state facilities.

	Lauri A Allen
	12/19/2000 10:57 AM

		 To: Dan J Hyvl/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: Texas General Land Office IT Transport

I haven't heard anything back from you guys on this.  Any insight?  I know
Linda Roberts is also working a deal with TGLO to convert bbls to mmbtus
which could mean incremental volumes that TGLO would be trying to get into
Midcon.
---------------------- Forwarded by Lauri A Allen/HOU/ECT on 12/19/2000 09:37
AM ---------------------------
From: Gerald Nemec on 12/05/2000 04:12 PM
To: Dan J Hyvl/HOU/ECT@ECT
cc: Lauri A Allen/HOU/ECT@ECT
Subject: Texas General Land Office IT Transport

Dan,  Any input you have on this contract would be appreciated.

----- Forwarded by Gerald Nemec/HOU/ECT on 12/05/2000 04:11 PM -----

	Lauri A Allen
	12/05/2000 02:53 PM

		 To: Gerald Nemec/HOU/ECT@ECT, Eric Gillaspie/HOU/ECT@ECT
		 cc: Daren J Farmer/HOU/ECT@ECT, Edward.D.Gottlob@enron.com
		 Subject: Texas General Land Office IT Transport

Gerald/Eric-

I have a couple of questions regarding TGLO transport contract
012-88494-202.  We are currently delivering a volume of 28.000mm into various
Midcon interconnects on this contract that are designated to go to
Reliant/Entex for the purpose of heating HISD schools.  The transport
contract stipulates different rates for this delivery depending on whether
the gas is intended for state facilities or not.  My first question, then,
is:  are HISD schools considered state facilities?  And, if HISD schools are
considered state facilities, does the fact that this gas is being delivered
to them via Reliant/Entex utilizing Midcon's pipe make any difference?

I am asking these questions not only to assure that we are recouping the
correct transport rate, but also to determine what the consequences might be
if I interrupt this delivery.  We are having difficulty getting enough gas
into Midcon to cover our Entex noms and I am just exploring my options.  I
would also expect that this volume should decrease when HISD closes for the
Christmas holidays- does the fact that this is an IT agreement give me enough
leverage to cut this nom if TGLO does not do so voluntarily?

Thanks for your help.


FERC has clarified several aspects of interconnection policy in recent orders:

EPMI and DENA received a favorable FERC order after protesting numerous
aspects of Arizona Public Service's proposed interconnection procedure (IP)
and agreement (IA), including a must run provision for generators located in
APS-specified load pockets and an unusual liability provision that basically
insulated APS from most, if not all, of its actions.  FERC held in favor of
generators in the following provisions:

 -- Generators are not required to execute a transmission agreement in order
to seek interconnection
 -- Immaterial changes to the request will not result in loss of queue spot
 -- Specific milestones must be added
 -- 60 days (rather than 30) allowed for execution (or FERC filing) of IA
 -- Generators will not be charged twice for imbalances if serving load
 -- Required system protection facilities must be identified in the study
 -- Elimination of the must run requirement (can be negotiated with a
generator, subject to APS' filing with justification for proposal)
 -- Credits must be applied to any transmission service, firm or non-firm
 -- APS limited to obtaining information from generators that is necessary to
satisfy APS reporting obligations, plus APS agrees to inform a generator
of      information that affects the generator
 -- APS' liability provision was eliminated in its entirety

FERC issued some guidance on how evaluations are performed.  In VEPCO, all
pending higher-queued requests are included in the evaluation.

Guidance on when studies and the related costs are complete.  In VEPCO and
CP&L, FERC stated that customers withdrawing from the queue do not have to
pay for the possible additional study costs that lower queue projects may
incur.  These costs will be borne by those remaining in the queue until (in
VEPCO) the customer either executes the IA or files it unexecuted at FERC.
((One caveat--This result was requested by EPMI/Duke in the APS protest.
FERC stated it was granting our request, but then seemed to hold, with some
confusing language, that the costs could be charged to the withdrawing
customer's security.  We are seeking clarification of this at FERC.))

Costs incurred after withdrawing from the queue.  ComEd's procedure provides
that "Applicant may withdraw its interconnection request at any time, as long
as it pays Transmission Provider for all costs prudently incurred by
Transmission Provider up to that point."  FPL's unfiled procedures allow
withdrawal at any time (expenses incurred to date must be paid.)  Consumers
includes similar procedures.

What are "material changes" (lose of queue spot).  FERC approved Consumer's
provision that queue spot is lost for: (1) size increases > 15%; or (2)
in-service date delay by more than 6 months; or (3) the site is moved and the
move affects the interconnection to the system.  Duke has filed provisions
(unapproved yet) that queue spot would be lost for: (1) delay in-service more
than 6 months; (2) change in site configuration that impacts flows; or (3)
change in the point of interconnection by lesser of five miles or 25% of the
length of line to which the facilities are connected.  Remember; however,
that most procedures and IAs will include milestones -- failure to comply can
result in loss of queue spot.

Availability of study data:  Duke will make studies available on OASIS.  CP&L
will provide workpapers used in the studies on request.


Participants:
Gary Fergus  (415) 442-1284
John Klauberg  (212) 424-8125
Christian Yoder


wow! pretty bold move assuming you had a choice.  i will be in london next
week, i'll try to give you a call. rick


Crude 24X7 WTI Marketing Effort

Trade Count:
 254 Trades
 14.85 Millions of Barrels
 11 Counterparties Transacting Today
 31 Counterparties Transacting to Date
 776 Millions of Barrels Traded YTD

Comments:
? New Trading Counterparty:  AIG Energy Trading, Inc.

?
? NOTE: The EnronOnline Volumes on the NYMEX comparison chart are multiplied
by 10 in order to be in scale with the NYMEX volumes. This chart is for trend
analysis only and does not represent absolute figures.


Dr. Lay is unable to participate in the conference.

"Pedro Ralda, Director Latin America"<mexicomeeting@weforum.org> on
08/31/2000 02:03:23 PM
To: <klay@enron.com>
cc:
Subject: World Economic Forum - Mexico Meeting 2000

To the attention of:
Dr Kenneth L. Lay
Chairman and Chief Executive Officer
ENRON CORPORATION

Mexico Meeting 2000
Managing New Expectations and Old Challenges
Mexico City, Mexico 4-5 December

Dear Dr Lay,

Mexico awoke to a new political landscape on 2 July 2000. The economic and
business climate is positive and full of new opportunities as Mexico finally
completes a long transition from one-party dominance to pluralist democracy,
adding political maturity to a more competitive market economy.

In light of the above, the World Economic Forum will hold a Mexico Meeting
2000 on 4-5 December in Mexico City. Held in collaboration with the Mexican
Investment Board, this gathering will take place three days after the
inauguration of the new Mexican administration. We have already received
confirmation that President-elect Vicente Fox and Mexican Central Bank
Governor Guillermo Ortiz will participate. We are also expecting the presence
of the future key cabinet members and state governors.

As usual, the World Economic Forum pulls together the right group of leaders
to discuss issues, build a network of contacts and identify where future
business opportunities and risks lie. The Meeting will focus on four main
topics: the country's political and social agenda, Mexico's commercial
relationships with the rest of the world, the new economy and the key issues
for the country's main industries.

Please consult our website, http://www.weforum.org/mexico, where information
will be updated as soon as it becomes available.

For further information, please do not hesitate to contact Gisela Galicia at
(41 22) 869 1450 or mailto:mexicomeeting@weforum.org
(  ) Please send me more information on the conditions for participation.

(  ) Please send information to:

- Name:
- Position:
- Company:
- Tel.:
- Fax:
- E-mail:

( XX ) I am unable to participate in the Mexico Meeting 2000.

Please tick the appropriate response and return this form to Gisela Galicia
by fax: (41 22) 786 2744 or via e-mail: mailto:mexicomeeting@weforum.org
We look forward to hearing from you soon.


FYI
----- Forwarded by Kaye Ellis/HOU/ECT on 09/13/2000 10:34 AM -----

	Becky Tlucek
	09/13/2000 10:13 AM

		 To: Suzanne Adams/HOU/ECT@ECT, Sheri L Cromwell/HOU/ECT@ECT, Joya
Davis/HOU/ECT@ECT, Janette Elbertson/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT,
Carolyn George/Corp/Enron@ENRON, Jenny Helton/HOU/ECT@ect, Taffy
Milligan/HOU/ECT@ECT, Linda J Noske/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT,
Linda J Simmons/HOU/ECT@ECT, Dina Snow/Corp/Enron@Enron, Twanda
Sweet/HOU/ECT@ECT, Brenda Whitehead/HOU/ECT@ECT, Chaundra Woods/HOU/ECT@ECT,
Legal Temp 1/HOU/ECT@ECT
		 cc: Janette Elbertson/HOU/ECT@ECT
		 Subject: Lexis Training

ENA Assistants:  Please let your assignments know that this training is
available if they are interested.  Thank you!-Becky

---------------------------------------------
On popular demand, Sylvia Hu has arranged to have Ed Chang, Lexis Corporate
Attorney back to Enron to do a presentation on "How to Search Public Records
on Lexis".  He'll also brief us on new features of Lexis.com.   Please see
the attached flyer for details.

Come see Certifinder & Company Dossier
LEXIS-NEXIS EASY SEARCH PAGES

Lexis Public Records Training
Date:   Wednesday, 9/27
Time:   11:30 Am - 1:00 PM
Place:   Conference Room EB47C2
Lunch will be provided by Lexis.
R.S.V.P. to Sylvia Hu x36775 by Noon, 9/26

 - enronpubrec.doc


I just entered a commodity rate on deal 299159.  It has very big volumes on
it each month and there has not been a commodity rate on it.  Joanne just
verified that this is regular transport, not Dayton or CALP.  This will be a
big OA variance for June - August.

This deal is for deliveries to Storage.  Would you verify if ACA and GRI are
billed for storage deliveries please?


[IMAGE]  Market  Insight for November 26, 2001  From    [IMAGE]    The  Global Online Financial Services Firm   Introducing  Goldman Sachs PrimeAccesssm Research  As a TD Waterhouse customer,  you now have online access to Goldman Sachs PrimeAccesssm  Research. Just login at tdwaterhouse.com ,  click on 'News & Research', and then on 'Goldman Sachs'.   We  See Upswing Continuing   By Arnie Kaufman, Editor, The Outlook   Selective  accumulation remains in order.  The  early stages of recoveries from bear markets vary widely in degree.  As time passes, however, deviations from the norm become far less  dramatic.   Through  last Wednesday, when we went to press early because of the holiday,  31% of the bear market loss from March 27, 2000 to September 21,  2001 had been recaptured. That's about average for rebounds in  the postwar period. As shown in the table at the bottom right  of this week's edition of The Outlook, at the two-month point  in the recoveries from the nine former bear markets since World  War II, the S&P 500 had won back an average of 33% of the  bear market loss.   In  each of the nine instances, the gain at the end of six months  was greater than that after two months and the gain at the end  of 12 months was greater than that after six months. On average,  nearly two-thirds of the bear market loss was recovered after  six months and almost all of the bear market loss was recouped  in a year.  Economic  and corporate news will remain bad for a while, but that's typically  the case in the early part of a bull market that is associated  with an economic recession. Stock prices start recovering well  before the headlines improve. The September upturn in stocks would  be consistent with the start of an economic expansion in the first  quarter of next year.   While  P/E ratios currently are high, that won't necessarily keep the  bull market from progressing. The preceding economic expansion  was the longest in history and gave rise to "new era"  optimism. Corporations, especially in information technology,  built production and sales capacity to levels far greater than  proved justified. Those excesses are now being corrected, painfully.  Corporate earnings are in a severe contraction. Once the economy  begins to grow again, however, profits will rebound and P/Es will  start looking much more reasonable. Low inflation, low interest  rates, rapid technological innovation and above-average productivity  growth should help support elevated stock valuations.   As  a TD Waterhouse customer, you can view a complete copy of S&P's  The Outlook (a $298 value) for FREE. Just select 'News &  Research' when you login  to yourTD Waterhouse account . The Outlook is available under 'Other  Reports.'    Why  You Should Consider a Margin Account  When you add margin borrowing features to your account,  you've got a lot of possibilities. While margin involves risk, it  also can provide greater investing flexibility, a source of low-cost  borrowing and a form of "overdraft protection." Click  here to learn more .  Add  Margin Privileges to your Account .        Your feedback is important to us! Email us with any questions or  comments at eServices@tdwaterhouse.com       TD  Waterhouse Investor Services, Inc. Member NYSE/SIPC.  Access  to services and your account may be affected by market conditions,  system performance or for other reasons. Under no circumstances should the information  herein be construed as a recommendation, offer to sell or solicitation  of an offer to buy a particular security. The article and opinions  herein are obtained from unaffiliated third parties and are provided  for informational purposes only. While the information is deemed  reliable, TD Waterhouse cannot guarantee its accuracy, completeness  or suitability for any purpose and makes no warranties with regard  to the results to be obtained from its use.   To unsubscribe  from this email, login to  your account  and select "My Account' then 'My Info'. Or email us at eServices@tdwaterhouse.com


The year-end performance review process is upon us.  I will send out a
complete list of procedures and deadlines in the next few days.  In the
meantime, we need to get each person's selection for reviewers into the
system.  Amy Fitzpatrick has kindly volunteered to coordinate this process
and make sure that all of the information gets into the system.  You need to
select 5 people from the floor and up to 3 people from off the floor (if you
have worked with people outside of the Portland office).  You can select
anybody (except your manager), with the goal of getting 360 degree feedback
from peers, people who you work with, people whose work you impact, people
with a higher title, and/or people with a lower title.

HERE IS WHAT I NEED YOU TO DO ASAP (CLOSE OF BUSINESS ON MONDAY AT THE
LATEST):
Send an e-mail to Amy Fitzpatrick and your manager listing 5 people on the
floor who you would like to provide feedback on you.
List the people in preference order.
Include up to 3 additional people who are not on the floor, but work at Enron.
Do not include your manager as a reviewer -- your manager already is
responsible for reviewing your performance.
You do NOT have to enter these names into the PEP system.  We will do it for
you.


John and Sam

It would be great if you would follow this for us.  Please forward things to
me.  Just FYI, PCA has sued us in the bankruptcy, for among other things,
wrongful termination.

Call with any questions.

Thanks
Elizabeth
713 853 6349


Attached is the current list of master netting agreement assignments.  We will circulate a revised list periodically.


For several months we have been working on an idea to exploit the staff and experience we have in Special Assets to develop a fee-for-service "executive services" business.  The key idea is to participate in potentially rewarding companies and projects without commitment of Enron's investment capital.  I believe that this would be a logical extension in applying the skills and management approach we already are taking with our own portfolio.

As part of some initial feasibility evaluations, we recently have had discussions with Bill Gartland, a Houston entrepreneur, with extensive contacts with national and provincial governmental development agencies in Spain.  Gartland is seeking management and financial expertise to promote industrial, commercial and real estate projects in Spain.  Among other things, he presently lacks the professional skills to evaluate and package projects for presentation to sophisticated capital providers in the United States and Europe.

In addition to checking personal and business references, we had Rick Carson's group perform a due diligence review of Mr. Gartland.  His background and reputation are clean.

Through Gartland's contacts we have been invited to meet with representatives with the Sociedad Estatal de Participaciones Indrustriales (SEPI), the Spanish state-owned holding company for business development.  In addition, we will meet with representatives of Instituto de Fomento (INFO), the regional government of Murcia's business development group.  INFO has agreed to fund all of our incountry expenses while in Murcia on this initial visit.

In order to take advantage of this opportunity we have accelerated our plans to test the market for the types of services we envisage providing and are scheduled to meet with SEPI, INFO and other contacts in Spain the week of June 11th.

Unfortunately, with the tight schedule we could not arrange a general meeting to cover the concept of Enron Executive Services (EnronExec).   However, we have prepared an informal presentation as a briefing prior to next week's trip.

I would stress the following points:

These initial meetings are informational and relationship focused.  No commitments will be made next week.

One of the key principles of EnronExec is that we are not a source of capital.  Among the services we offer will be analysis of capital needs and preparation of business and/or project plans for presentation to capital providers.

Activities contemplated for EnronExec will complement the normal workload of Special Assets.  There will be no reduction in our efforts to achieve our primary business objectives for the team.

The expenses to evaluate the potential and, if viable, to startup the activity are modest and are consistent with our approved 2001 expense plan.

Our eventual objective to fund EnronExec is to structure cash fees at least sufficient to cover staff time and out-of-pocket costs.  We will look to acquire significant equity participation that would offer the attractive potential value upside.  As a byproduct benefit through contacts with various businesses, we may identify new synergies and opportunities for other Enron businesses.

I am very enthusiastic on EnronExec.  It appears that it may be a way to leverage Enron's unique resources and strengths into a profitable enterprise that does not require separate capital.  I would appreciate your comments and questions.


Steve,

Your access to LiveLink has been confirmed.  The link below will take you
directly to the application.  The LiveLink team has offered to provide you an
overview on navigating through the system.  At your convenience, they will
send someone to your desk to give you the quick the tutorial.

Thanks,
Marie
----- Forwarded by Marie Hejka/Corp/Enron on 02/15/2001 11:24 AM -----

	Marie Hejka
	02/14/2001 06:02 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Maureen McVicker/NA/Enron@Enron
		 Subject: LiveLink

Steve,

I've requested you be given access rights to LiveLink.  This should be
completed by tomorrow morning.  I will notify you when it is complete.

After, use the url below to take you directly to the folder in Livelink where
the IM project information is housed.

http://edms.livelink.enron.com/ena/livelink.exe?func=ll&objId=7579535&objActio
n=browse&sort=name

Marie


Yes they do - the auto reminder system sends this particular message for every label, for instance, California as well.  I'm working on changing & updating certain aspects of it to indicate different types of labels.

Heather

Richard Ring
08/10/2001 08:58 AM
To:	Heather Mathis/HOU/EES@EES
cc:
Subject:	Re: EES OH / Quarterly Disclosure Label to Customers & PUC

---------------------- Forwarded by Richard Ring/HOU/EES on 08/10/2001 08:58 AM ---------------------------

Richard Ring
08/10/2001 08:58 AM
To:	Automated_Notification/Integro%WEBHOST@interliant.com @ ENRON
cc:
Subject:	Re: EES OH / Quarterly Disclosure Label to Customers & PUC

Heather,

Doesn't the utilities (First Energy) supply the information for the labels and/or actually supply the labels for the MSG Customers?

Richard

Automated_Notification/Integro%WEBHOST@interliant.com on 08/04/2001 03:00:33 AM
To:	angela.smith@enron.com, bgoodman@enron.com, george.phillips@enron.com, gloria.ogenyi@enron.com, richard.ring@enron.com, stacey.bolton@enron.com
cc:	hmathis@enron.com, marianne.castano@enron.com, scofer@llgm.com
Subject:	EES OH / Quarterly Disclosure Label to Customers & PUC

08/04/2001

REMINDER: EES Ohio Quarterly Disclosure Label to Customers & PUC is due 9/1/01.  Please provide Heather Mathis with the information to update this
label for which you are responsible (if any) by 8/11/01.  If you would like to see the form of this label or have other questions, please email
Heather at hmathis@enron.com or call her at (713) 853-9006.  Thank you!

Automated Reminder

<Embedded StdOleLink>


Chris is not leaving early today, so I don't know if I am going to be able to.  But Ina is working on it.


Hate to bug you again on this, but the deal probably gets tougher to close when Wolfe walks.

Chris Calger
503-464-3735

 -----Original Message-----
From: 	Calger, Christopher F.
Sent:	Tuesday, July 24, 2001 4:14 PM
To:	Kitchen, Louise
Subject:	FW: Employment Agreement Request for David Parquet

- Dave is incredibly valuable to our business.
- He lives in the most expensive city in the country.
- He has made Enron $90MM, most of which could not have closed if he lived in Houston or Portland.
- He is sitting on (like the rest of us) a lot of out of the money calls.

I think the following is appropriate:

Base: $200 + $15 COLA
Signing: $100
Equity: $300 (50/50)

Chris Calger
503-464-3735

 -----Original Message-----
From: 	Fitzpatrick, Amy
Sent:	Tuesday, July 24, 2001 3:35 PM
To:	Calger, Christopher F.
Subject:	FW: Employment Agreement Request for David Parquet

Chris -

Please see Louise's response.

A

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Tuesday, July 24, 2001 3:34 PM
To:	Fitzpatrick, Amy
Subject:	RE: Employment Agreement Request for David Parquet

In line with the rest of the organisation

Base:		$200,000
Signing:		$100,000
Equity:		$250,000 equity (50/50) on signing

 -----Original Message-----
From: 	Fitzpatrick, Amy
Sent:	Monday, July 23, 2001 10:36 AM
To:	Kitchen, Louise
Subject:	Employment Agreement Request for David Parquet

Louise -

David Parquet is currently on an employment agreement which expires on 12/1/2001.  Chris would like to be proactive in signing Dave up again for another 2 years.

Dave's current contract details are:

Base:		$200,000 (due to SF cost of living)
Equity:		$100,000 equity (50/50) on 1/1/00
Equity:		$100,000 equity (50/50) on 1/1/01

Chris is proposing:

Base:  		$215,000 (or $200,000 with a COLA payment of $15,000 for each year of term)
Signing: 	$100,000
Equity:		$350,000 (50/50)

Please let me know your thoughts.

Thanks!
Amy


Attached please find a draft of the ISDA/OSLA BRIDGE and the ISDA
CROSS-AGREEMENT BRIDGE for review in preparation for the Master Agreement
Working Group meeting on September 6th at 11:00 a.m. New York time/4:00 p.m.
London.

If you have not already done so, please contact Barbara Hanlon at
bhanlon@isda.org or 212-332-1200 to let her know if you are participating in
the meeting.

 <<Bridge081400.pdf>>  <<Cross081400.pdf>>

Ms. Barbara Hanlon
Assistant to General Counsel
International Swaps and Derivatives Association, Inc.
600 Fifth Avenue, 27th Floor
Rockefeller Center
New York, New York 10020-2302
Phone: (212) 332-1200
Fax: (212) 332-1212
http://www.isda.org

 - Bridge081400.pdf
 - Cross081400.pdf


Hit really close to home for my particular tribe.....

 -----Original Message-----
From: 	"Emily Hillegeist" <ehillegeist@hotmail.com>@ENRON
Sent:	Friday, October 26, 2001 7:17 PM
To:	hollypaxman@cs.com; katyhester@hotmail.com; kerriedolce@hotmail.com; Gillette, Lisa; elizabeth.lawrence@wcom.com; Nickolle.Paschal@sstuk.com; Scott, Susan M.
Subject:	"The Never Marrieds"

redemption for the bridget joneses of us out here....
e
>>
>>In My Tribe
>> > > >
>> > > >October 14, 2001
>> > > >
>> > > >By ETHAN WATTERS
>> > > >
>> > > >
>> > > >
>> > > >
>> > > >It may be true that 'never marrieds' are
>>
>> > saving themselves
>>
>>>>  > > >for something better. They may also be saving
>>>
>> > the
>>
>>>>  > > >institution of marriage while they're at it.
>>>>  > > >
>>>>  > > >You may be like me: between the ages of 25 and
>>>
>> > 39, single,
>>
>>>>  > > >a college-educated city dweller. If so, you
>>>
>> > may have also
>>
>>>>  > > >had the unpleasant experience of discovering
>>>
>> > that you have
>>
>>>>  > > >been identified (by the U.S. Census Bureau, no
>>>
>> > less) as one
>>
>>>>  > > >of the fastest-growing groups in America --
>>>
>> > the ''never
>>
>>>>  > > >marrieds.'' In less than 30 years, the number
>>>
>> > of
>>
>>>>  > > >never-marrieds has more than doubled,
>>>
>> > apparently pushing
>>
>>>>  > > >back the median age of marriage to the oldest
>>>
>> > it has been
>>
>>>>  > > >in our country's history -- about 25 years for
>>>
>> > women and 27
>>
>>>>  > > >for men.
>>>>  > > >
>>>>  > > >As if the connotation of ''never married''
>>>
>> > weren't negative
>>
>>>>  > > >enough, the vilification of our group has been
>>>
>> > swift and
>>
>>>>  > > >shrill. These statistics prove a ''titanic
>>>
>> > loss of family
>>
>>>>  > > >values,'' according to The Washington Times.
>>>
>> > An article in
>>
>>>>  > > >Time magazine asked whether ''picky'' women
>>>
>> > were ''denying
>>
>>>>  > > >themselves and society the benefits of
>>>
>> > marriage'' and in
>>
>>>>  > > >the process kicking off ''an outbreak of 'Sex
>>>
>> > and the City'
>>
>>>>  > > >promiscuity.'' In a study on marriage
>>>
>> > conducted at Rutgers
>>
>>>>  > > >University, researchers say the ''social
>>>
>> > glue'' of the
>>
>>>>  > > >family is at stake, adding ominously that
>>>
>> > ''crime rates . .
>>
>>>>  > > >. are highly correlated with a large
>>>
>> > percentage of
>>
>>>>  > > >unmarried young males.''
>>>>  > > >
>>>>  > > >Although I never planned it, I can tell you
>>>
>> > how I became a
>>
>>>>  > > >never-married. Thirteen years ago, I moved to
>>>
>> > San Francisco
>>
>>>>  > > >for what I assumed was a brief transition
>>>
>> > period between
>>
>>>>  > > >college and marriage. The problem was, I
>>>
>> > wasn't just
>>
>>>>  > > >looking for an appropriate spouse. To use the
>>>
>> > language of
>>
>>>>  > > >the Rutgers researchers, I was ''soul-mate
>>>
>> > searching.''
>>
>>>>  > > >Like 94 percent of never-marrieds from 20 to
>>>
>> > 29, I, too,
>>
>>>>  > > >agree with the statement ''When you marry, you
>>>
>> > want your
>>
>>>>  > > >spouse to be your soul mate first and
>>>
>> > foremost.'' This
>>
>>>>  > > >?ber-romantic view is something new. In a 1965
>>>
>> > survey,
>>
>>>>  > > >fully three out of four college women said
>>>
>> > they'd marry a
>>
>>>>  > > >man they didn't love if he fit their criteria
>>>
>> > in every
>>
>>>>  > > >other way. I discovered along with my friends
>>>
>> > that finding
>>
>>>>  > > >that soul mate wasn't easy. Girlfriends came
>>>
>> > and went, as
>>
>>>>  > > >did jobs and apartments. The constant in my
>>>
>> > life -- by
>>
>>>>  > > >default, not by plan -- became a loose group
>>>
>> > of friends.
>>
>>>>  > > >After a few years, that group's membership and
>>>
>> > routines
>>
>>>>  > > >began to solidify. We met weekly for dinner at
>>>
>> > a
>>
>>>>  > > >neighborhood restaurant. We traveled together,
>>>
>> > moved one
>>
>>>>  > > >another's furniture, painted one another's
>>>
>> > apartments,
>>
>>>>  > > >cheered one another on at sporting events and
>>>
>> > open-mike
>>
>>>>  > > >nights. One day I discovered that the
>>>
>> > transition period I
>>
>>>>  > > >thought I was living wasn't a transition
>>>
>> > period at all.
>>
>>>>  > > >Something real and important had grown there.
>>>
>> > I belonged to
>>
>>>>  > > >an urban tribe.
>>>>  > > >
>>>>  > > >I use the word ''tribe'' quite literally here:
>>>
>> > this is a
>>
>>>>  > > >tight group, with unspoken roles and
>>>
>> > hierarchies, whose
>>
>>>>  > > >members think of each other as ''us'' and the
>>>
>> > rest of the
>>
>>>>  > > >world as ''them.'' This bond is clearest in
>>>
>> > times of
>>
>>>>  > > >trouble. After earthquakes (or the recent
>>>
>> > terrorist
>>
>>>>  > > >strikes), my instinct to huddle with and
>>>
>> > protect my group
>>
>>>>  > > >is no different from what I'd feel for my
>>>
>> > family.
>>
>>>>  > > >
>>>>  > > >Once I identified this in my own life, I began
>>>
>> > to see
>>
>>>>  > > >tribes everywhere I looked: a house of
>>>
>> > ex-sorority women in
>>
>>>>  > > >Philadelphia, a team of ultimate-frisbee
>>>
>> > players in Boston
>>
>>>>  > > >and groups of musicians in Austin, Tex.
>>>
>> > Cities, I've come
>>
>>>>  > > >to believe, aren't emotional wastelands where
>>>
>> > fragile
>>
>>>>  > > >individuals with arrested development mope
>>>
>> > around
>>
>>>>  > > >self-indulgently searching for true love.
>>>
>> > There are rich
>>
>>>>  > > >landscapes filled with urban tribes.
>>>>  > > >
>>>>  > > >So what does it mean that we've quietly added
>>>
>> > the tribe
>>
>>>>  > > >years as a developmental stage to adulthood?
>>>
>> > Because our
>>
>>>>  > > >friends in the tribe hold us responsible for
>>>
>> > our actions, I
>>
>>>>  > > >doubt it will mean a wild swing toward
>>>
>> > promiscuity or
>>
>>>>  > > >crime. Tribal behavior does not prove a loss
>>>
>> > of ''family
>>
>>>>  > > >values.'' It is a fresh expression of them.
>>>>  > > >
>>>>  > > >It is true, though, that marriage and the
>>>
>> > tribe are at
>>
>>>>  > > >odds. As many ex-girlfriends will ruefully
>>>
>> > tell you,
>>
>>>>  > > >loyalty to the tribe can wreak havoc on
>>>
>> > romantic
>>
>>>>  > > >relationships. Not surprisingly, marriage
>>>
>> > usually signals
>>
>>>>  > > >the beginning of the end of tribal membership.
>>>
>> > From inside
>>
>>>>  > > >the group, marriage can seem like a risky
>>>
>> > gambit. When
>>
>>>>  > > >members of our tribe choose to get married,
>>>
>> > the rest of us
>>
>>>>  > > >talk about them with grave concern, as if
>>>
>> > they've joined a
>>
>>>>  > > >religion that requires them to live in a
>>>
>> > guarded compound.
>>
>>>>  > > >
>>>>  > > >But we also know that the urban tribe can't
>>>
>> > exist forever.
>>
>>>>  > > >Those of us who have entered our mid-30's find
>>>
>> > ourselves
>>
>>>>  > > >feeling vaguely as if we're living in the
>>>
>> > latter episodes
>>
>>>>  > > >of ''Seinfeld'' or ''Friends,'' as if the plot
>>>
>> > lines of our
>>
>>>>  > > >lives have begun to wear thin.
>>>>  > > >
>>>>  > > >So, although tribe membership may delay
>>>
>> > marriage, that is
>>
>>>>  > > >where most of us are still heading. And it
>>>
>> > turns out there
>>
>>>>  > > >may be some good news when we get there.
>>>
>> > Divorce rates have
>>
>>>>  > > >leveled off. Tim Heaton, a sociologist at
>>>
>> > Brigham Young
>>
>>>>  > > >University, says he believes he knows why. In
>>>
>> > a paper to be
>>
>>>>  > > >published next year, he argues that it is
>>>
>> > because people
>>
>>>>  > > >are getting married later.
>>>>  > > >
>>>>  > > >Could it be that we who have been biding our
>>>
>> > time in happy
>>
>>>>  > > >tribes are now actually grown up enough to
>>>
>> > understand what
>>
>>>>  > > >we need in a mate? What a fantastic twist --
>>>
>> > we ''never
>>
>>>>  > > >marrieds'' may end up revitalizing the very
>>>
>> > institution
>>
>>>>  > > >we've supposedly been undermining.
>>>>  > > >
>>>>  > > >And there's another dynamic worth considering.
>>>
>> > Those of us
>>
>>>>  > > >who find it so hard to leave our tribes will
>>>
>> > not choose
>>
>>>>  > > >marriage blithely, as if it is the inevitable
>>>
>> > next step in
>>
>>>>  > > >our lives, the way middle-class high-school
>>>
>> > kids choose
>>
>>>>  > > >college. When we go to the altar, we will be
>>>
>> > sacrificing
>>
>>>>  > > >something precious. In that sacrifice, we may
>>>
>> > begin to
>>
>>>>  > > >learn to treat our marriages with the
>>>
>> > reverence they need
>>
>>>>  > > >to survive.
>>>>  > > >
>>>>  > > >Ethan Watters is a writer living in San
>>>>  > > >Francisco.
>>>>  > > >
>>>
>>
>

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


Sara,

Have you had a chance to review the Merrill Lynch confirmations?  Please let
me know if we  need to request any changes, or if we should sign these as
they are.  Thank you.
---------------------- Forwarded by Laurel Adams/HOU/ECT on 06/20/2000 12:34
PM ---------------------------

"Ahn, Michael (CICG - NY SWAPS)" <MAhn@exchange.ml.com> on 06/20/2000
11:09:40 AM
To: "'Adams, Laurel'" <laurel.adams@enron.com>
cc:
Subject: Updates

Hello Laurel,

How are you?

This is Michael Ahn from Merrill Lynch Capital Services, Inc.

I would like to know if there is any progress on the outstanding BRL
confirmations (3)

Please contact me if there are any problems.

Thank you


I just wanted to make all of you aware of the message below from Financial
Operations.  When you review your RC reports for May, you will not see any IT
charges.  There were also none recorded in April.  Therefore, be prepared to
see some large charges in June for 3 months (April - June).  If  you have any
questions, please call me.  Thanks.

Lisa
x3-6343

---------------------- Forwarded by Lisa B Cousino/HOU/ECT on 06/07/2000
08:19 PM ---------------------------

Holly Heath@ENRON
06/07/2000 04:19 PM
To: Brian Heinrich/HOU/ECT@ect, Lisa B Cousino/HOU/ECT@ECT
cc:
Subject: EIS Invoices for May

fyi - Holly
---------------------- Forwarded by Holly Heath/Corp/Enron on 06/07/2000
04:19 PM ---------------------------

	From:  Keith Simper @ ECT                           06/07/2000 02:25 PM

To: Bus Anal & Rptg Spec-Hou
cc: Bus Anal & Rptg Mgmt-Hou

Subject: EIS Invoices for May

Corporate IT has informed me that EIS invoices for April and May have not
been posted to MSAS.  They are in the  process of trying to correct the
problem.  However,  you will not see your charges in MSAS this month per
Corporate IT.  ENA Consolidations is in contact with Corporate IT to ensure
that the problem will be corrected by the close of June business.

Thanks,

Keith Simper


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if you are in town this weekend, aer you coming to the Thomas and Abbey's birthday party. No gift required.


Yes, plus the ability to grow or tokeep the it pnr and other revenue.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Getting the money you need to pay off high-interest debts and
credit cards is just a click away. And you don't need to have perfect credit to qualify.

For more than 20 years, homeowners have been turning to Ameriquest MortgageSM to get money for debt consolidation, home improvements and to give their families the things they need.

To learn more about AmeriquestSM, click on
http://x.hitprofile.com/x.asp?pid=297&oid=592&sid=

With a home loan from Ameriquest, you can:

- Lower your monthly payments
- Get preapproved in 24 hours
- Work with the same loan expert from start to finish
- Enjoy possible tax advantages**

With competitive rates and over 185 branches nationwide*, there's an Ameriquest Mortgage branch in your area that can help you get control of your finances.

Click on http://x.hitprofile.com/x.asp?pid=297&oid=592&sid= for more information or to request your loan today. And don't forget to tell your friends and family members about Ameriquest's refinancing loans!

*Ameriquest does not make loans in Washington, D.C., Virginia, W. Virginia, N. Carolina, Wisconsin, outside the United States, or where prohibited by law.

**See your tax advisor for details.

Equal Housing Lender
Licensing:  http://www.ameriquestmortgage.com/licensing.html
(c) 2001 Ameriquest Mortgage Companysm

<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>
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* Enter your email address (pmims@enron.com) in the field
provided and click "Unsubscribe". The mailing list ID is "freebiecash:14".

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X-PMG-Recipient: pmims@enron.com
<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>

pmguid:39.1brs.8gs51


What???  Why did he call you?  NGPL related or Trucking P&L related?


Do you know th contract # for Howell?

----- Forwarded by Mark Whitt/NA/Enron on 12/19/2000 05:19 PM -----

	Nicole Cortez
	Sent by: Nicole Cortez
	12/19/2000 03:15 PM

		 To: Melissa Graves/HOU/ECT@ECT
		 cc: Mark Whitt/NA/Enron@Enron
		 Subject: Wind and Powder River Purchase Contracts

Powder River
 P96023720 Kennedy
 P96027277 Wellstar
 P96023736 Independent
 P96023737 Ocean Energy
 P96028270 MTG Operating
 P96028454 Phillips Petroleum
 P96038435 Coleman Oil & Gas
 P96040523 Quantum Energy
 P96030216 Yates

Wind River
 P96022315 North Central Oil

The only purchase agreement I have not been able to locate is the Howell one
(wind river), I will let you know as soon as I have it.  Let me know if you
need anything else.


Dick:

Does this work for you?  By copy of this note I am asking Dan to call you to
verify.

Jeff
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 12/07/2000 11:02 AM -----

	Dan J Hyvl
	12/07/2000 09:52 AM

		 To: Robert B Cass/HOU/ECT@ECT
		 cc: Jeffrey T Hodge/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
		 Subject: Re: EnronOnline question

Robert,
 I confirmed with the Transportation Desk that the designation "TETCO M3" is
a zone designation that includes all points within the zone.  Therefore the
language "and all downstream delivery on the M3" is not needed.  Please call
if you have any questions.

	Mark Taylor
	12/07/2000 09:28 AM

		 To: Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: EnronOnline question

Can one of you guys handle this in Stacy's absence?
----- Forwarded by Mark Taylor/HOU/ECT on 12/07/2000 09:27 AM -----

	Robert B Cass
	12/06/2000 03:24 PM

		 To: Stacy E Dickson/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT
		 Subject: URGENT ADVICE NEEDED, PLEASE

Hi Stacy -

Dick Jenkins has expressed concern with the description of an EnronOnline
location and wants an immediate revision.  The location description needing
revision is the TETCO M3.  It is currently defined as follows:

The transaction is for delivery at Texas Eastern Transmission Corp. - Zone M3.

Dick wants to ensure that the delivery shall also include any location on the
M3.  Therefore, please advise as follows:

The transaction is for delivery at Texas Eastern Transmission Corp. - Zone
M3, and all downstream delivery on the M3.

We need to get a ticker item posted on the website as soon as possible.

Thanks -

Rob
x35491


Mark, attached is a revised budget worksheet.  Darryl Free revised 2002 estimates downward for South America (Novak).  Also, see email below for Lundstrom's 2001 budget which only covers employee salaries and benefits for APACHI for some reason.  Happy Thanksgiving!  Deb

 -----Original Message-----
From: 	Obrecht, Paulette
Sent:	Tuesday, November 20, 2001 2:30 PM
To:	Korkmas, Deb
Cc:	Scrudder, Tami
Subject:	2001 Budget

The 2001 Budget for Bruce Lundstrom's cost center is attached.

Paulette
6-6305


I understand that Ashley Worthing has been hired by Enron to start work this
summer.  I think that she is graduating from Texas A&M.  She is my cousin's
daughter, so I am just curious whether or not she is coming in as an
analyst.  Please let me know if that is the case.  Thanks.


Dear Haas Community,

Sunday, June 10th, 2001, between 8:00 AM and noon, two servers will be
shut down for maintenance and upgrades. The NT web servers HCS-STUDENTS and
HCS-FACULTY will be shut down for installation of an operating system
update.   Also, the Development   server HAAS-DEVELOPMENT will be shutdown
temporarily for upgrade of its operating system.
While these servers are down student and faculty personal web sites, and
the development  data base will not be available.

Email service should not be affected.

As always,  should you experience any problems with computing services
following the maintenance, please contact the information desk in the
Computer Center, or helpdesk at http://helpdesk.haas.berkeley.edu, phone
510/642-0434.  Please note that Helpdesk is not manned on
weekends.  Requests for help logged during the weekend will be responded to
Monday morning.

Your patience is greatly appreciated.

Thank you.

-----------------------
Haas Computing Services


Notice No. CMS-14
January 23, 2002

COMMODITY EXCHANGE, INC.

SWITCH OF STATUS

Please be advised that effective with the close of business, January 22,
2002, John Byrne (BRNZ-7673) will switch his status from a Licensee member
to a Full member.  However, Mr. Byrne will remain a member guaranteed by
Spear, Leeds & Kellogg.

Furthermore, be advised that effective with the close of business, January
23, 2002, Jeffrey Grossman (GROS-996) will switch his status from a Full
member to an Option member.  However, Mr. Grossman will remain a member
guaranteed by Rosenthal Collins Group.

NOTICE OF INTENTION TO TRANSFER MEMBERSHIP

Notice of Intention to Transfer Membership has been posted on the bulletin
board of the Exchange by:

Steven Triglianos (TRGS-6358)

In connection therewith, Members and Member Firms have ten (10) days from
the date of this notice to advise the Corporate Secretary's Office of any
claims against the aforementioned individual arising out of transactions
executed on the Exchange up to the close of business on January 22, 2002.

Inquiries regarding the above should be directed to the Member Services
Department at 212-299-2370.


The final draft of General Principles for Installed Capacity (ICAP) and a
draft Regional ICAP Validation Procedure are attached for your information.
These documents were agreed to by the MOU OWG (Operations Working Group).
They will be discussed at our next ICWG Meeting on November 30.  Your
feedback will be appreciated.

These documents and other matters should also be addressed at a Regional
Capacity Adequacy Meeting scheduled for December 20 at BWI - Baltimore. The
particulars for the Baltimore Meeting have been or will be posted
separately.

 (See attached file: MOU_OWG ICAP Principles.doc)(See attached file:
Regional ICAP Validation Procedure and Form Ver2.doc)
 - MOU_OWG ICAP Principles.doc
 - Regional ICAP Validation Procedure and Form Ver2.doc


Yeah right!  Nice try - Geek!


I have flow at meter 989602 for July without a deal to allocate to.   For
June production, deal number 276494 was at the meter.  Please either extend
the deal or create a ticket.  If you have any questions, please call me at
ext. 35251.

Thank you,

Mary Jane


Joe,
The Sitara deals need to be updated, with the daily price.   In case you do not have the daily prices, I included the spreadsheet.   I don't have the number for Feb 9-11, 2002.

Thank,
Justin
Justin Fernandez
Enron
justin.fernandez@enron.com
713-345-9398-desk


At Brent's request, I am sending you the memo below.
----- Forwarded by Tana Jones/HOU/ECT on 10/31/2000 09:41 AM -----

	Molly Harris
	10/18/2000 06:37 PM

		 To: Meredith M Eggleston/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Paul
Smith/HOU/EES@EES, Karen A Cordova/HOU/EES@EES, James E Keller/HOU/EES@EES,
Timothy J Hamilton/HOU/EES@EES, Eric Melvin/HOU/EES@EES, Evan
Hughes/HOU/EES@EES
		 cc: Tana Jones/HOU/ECT@ECT, Allison McHenry/HOU/EES@EES, Larry Joe
Hunter/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT,
Vicki Sharp/HOU/EES@EES, Wanda Curry/HOU/ECT@ECT, Michael
Tribolet/Corp/Enron@Enron, David Gorte/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT
		 Subject: Springs SWAP Confirmations

From a Credit perspective, I informed Allison that credit provisions are not
required for these particular deals since I learned of the trades 2 days ago
(after the deals had been executed without our approval upfront).   Credit
believes it does not make sense to execute stand alone financial deals.
These deals should be executed as amendments to the pricing component of the
physical contracts (i.e., a restructuring).  This process would mitigate the
operational, credit and legal risks of this proposed business.  My
understanding of the business strategy of EES is to enter into financial
transactions to hedge the portfolio, not to execute financial trades with end
users.  Please advise if the legal position is changing.

Assuming we are unable to achieve the aforementioned solution, these deals
raise more significant issues regarding support and control of new business
endeavors for EES which already has significant infrastructure and control
issues.  It raises issues to be resolved on:

Credit approval and monitoring
Credit provisions
Legal support in EES with financial and ISDA experience
Netting issues and additional credit risk from having multiple masters with
our clients (physical and financial)
Execution of masters post trade execution
Capturing and monitoring these OTC financial trades separate from financial
settlements of physical trades
Managing portfolio position risk
Operational issues capturing and properly valuing the trades
Operational support for confirmations and ensuring timely execution

In short, we need to establish processes to support this business.  I will
set up a meeting with relevant parties to discuss further.

In respect to the attached confirmations for Springs, additional questions
should be raised with regard to operational/billing and legal implications
for consolidated billing of financial and physical invoices.  This has been
specified in the payment date.  Is EES capable of accomplishing this
operationally today?  Doesn't this raise legal issues of consolidated billing
and settlements under two different contracts which do not stipulate netting
(physical with financial)?

Regards
Molly

From: Tana Jones on 10/18/2000 12:37 PM
To: Allison McHenry/HOU/EES@EES
cc: Karen A Cordova/HOU/EES@EES, Larry Joe Hunter/HOU/ECT@ECT, Marianne
Castano/HOU/EES@EES, Molly Harris/HOU/ECT@ECT, Paul Smith/HOU/EES@EES
Subject: Re: Springs SWAP Confirmations

I'm sure you all know this by now, by Molly Harris had told me this deal does
not need any additonal credit terms added.

	Allison McHenry@EES
	10/17/2000 05:35 PM

		 To: Marianne Castano/HOU/EES@EES, Karen A Cordova/HOU/EES@EES, Paul
Smith/HOU/EES@EES, Tana Jones/HOU/ECT@ECT
		 cc: molly.harris@enron.com, Larry Joe Hunter/HOU/ECT@ECT
		 Subject: Springs SWAP Confirmations

Attached are the most current versions of the Springs SWAP Confirmations,
with changes suggested by Joe Hunter, and Annex A. Molly advised us not to
send the confirmations noting Credit Provisions would follow. Tana has
offered to help us draft the Credit attachment if we give her the details.
Again, I am turning my file over to Karen Cordova while I am on vacation, and
the confirmations are located under J:\Legal\SWAPs\Sales. Thanks and see you
on the 25th.


Steve,

 I contacted Cheryl Dawson the environmental manager at Enron Methanol
regarding the Corporate Watch article.  As you can see below in Cheryl's
response the emissions reported to EPA under the Toxic Release Inventory
(TRI) rules  have decreased significantly since the 1997 report developed by
Environmental Defense.  Additionally, Cheryl related to me that Enron
Methanol was a participant in Clean Texas 200, an effort to reduce the amount
of waste being generated annually by 50% by the year 2000.  Enron Methanol
did achieve this goal, and has gone from a large quantity waste generator to
a conditionally exempt small quantity generator.  This is due to the
beneficial use by the Enron  MTBE plant of the mixed alcohol by -product from
the Methanol plant.  In 1998 , MTBE plant began using the mixed alcohols in
their process stream.  That is certainly a success story and is reflected in
the reduced n-butyl alcohol TRI entry seen in Cheryl's note below.

---------------------- Forwarded by Michael Terraso/OTS/Enron on 08/01/2000
01:49 PM ---------------------------

Cheryl Dawson
08/01/2000 01:32 PM
To: Michael Terraso/OTS/Enron@ENRON
cc:

Subject: Re: Corporate Watch article

Yes, I have seen the Defense Fund's propaganda.  Here is the breakdown:
(all shown in pounds)      1997       1998             1999

methanol (air releases)     173352   179519                89616
methanol (disposal off-site)     87351      57191     2742

ammonia (air releases)        2720        2720    2720
ammonia (treated off-site)       5168                       4788    4788

formaldehyde (air releases only)     98300      81380   69984

n-butyl alcohol (off-site disposal only)  155266           945          42

The numbers the Scorecard used in the "1997 TRI Pollution Release Sorted by
Health Effect" section are various combinations of methanol + formaldehyde +
ammonia.  Unfortunately they've not said anything that isn't true.  It is all
in presentation and effective combination.  We have done much better this
year in comparison but for the methanol and formaldehyde the release amounts
are reduced due in part to better calculation methods and a different AP-42
for formaldehyde.  And, by the way, the formaldehyde is strictly from the
combustion of natural gas in the engines.  We will, of course, have to
address the engines for NOx but I don't know that the retrofit will affect
the formaldehyde.  Anyway, hope this helps.  We are getting better and
certainly are aware and doing what we can.


One of my GARP connections at El Paso has put forth a white paper for discussion. He is hoping it will be adopted across the industry.  He will be presenting it June 5th, at the next GARP meeting in Houston, to be hosted by El Paso at El Paso.  He is collecting feedback before the upcoming meeting.  Please review, and comment to either myself of Lloyd at the address below.

Thanks,
Frank

His email address is:
Lloyd.Bloom@ElPaso.com


Hi Ken,
    It was great to talk with you at the recent Fortune Roundtable on New
Economy Philanthropy.  As I mentioned at the evening banquet, we are
currently creating the Houston Social Venture Partners.  Attached is an
initial Power Point presentation to inform you of our progress.  I would
appreciate the opportunity to visit with you to obtain your suggestions.  We
are very excited about the potential for Houston of the Houston Social
Venture Partners.  We are following the structure similar to the successful
organizations in Austin [asvp.org] and Seattle [svpseattle.org]. presented in
the lecture by David Lunsford at the Roundtable.
    Please advise me of convenient times in your schedule for us to meet.
                     Thank you
Calene LeBeau   713-827-7299       713-416-5572  mobile
calenehsvp@aol.com

 - Houston Social Venture Partners2.ppt


Please attend this meeting to discuss Information for Banks w/ Sally Beck.


Start Date: 10/11/01; HourAhead hour: 3;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101103.txt

Error retrieving HourAhead price data - process continuing...


If you have an Enron Company Pager please turn it in to Claudia or myself by the end of this week.  We are going to close our account with Pagenet.

Thanks for your help.

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


I have opened a new Lotus file "California - working group" where I am
keeping the contact information, but I am assuming you have picked everybody
up already.  If in doubt, check out the file.  thanks


RTO Week

 <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Day 4 - October 18, 2001

Afternoon Session

Standardizing Markets, Business, and Other Practices

Panelists for this discussion were:  Sarah Barpoulis, PG&E National Energy Group; William P. Boswell, GISB; Bill Burkes (substituting for David J. Christiano), City Utilities of Springfield, Missouri; David N. Cook, NERC General Counsel; Michael Kormos PJM Interconnection; LeRoy Koppendrayer, Minnesota Public Utilities Commission; and Marty Mennes, Florida Power & Light Company.

General Observations

The Commissioners were all present the majority of the time (Massey left late in the  afternoon).  FERC Staff was active in the discussion; however, the commissioners were very active as well, asking perhaps as much as 70% of all questions.  There was a general consensus that standards were needed; much discussion focused simply on how much and by who. The Commission seemed very interested in leaning what they needed to do to move the industry forward and how far they needed to go.  Panelists urged the need to mover forward as quickly as possible, but both they and FERC seemed to recognize that some of the issues regarding standardized market design and such needed to be addressed before RTOs could really begin to move forward.  There was discussion on identifying which industry group (NERC or GISB) would take the reins in the future.  On an interesting tangential note, there was noticeable conflict between NERC and GISB, with veiled insults between the two organizations somewhat common during the discussions.

FERC Deliverables

A great deal of the discussions focused on identifying what the industry needed from the Commission.  Staffers probed all panelists to find what they felt was critical.

The first major topic was "How many RTOs?  What is their scope?"  All panelists seemed to agree that this question needed to be answered immediately by FERC, in strong definitive language.  N o one offered any specific language, but seemed to be urging FERC to issue a formal statement.

The next topic was, "What will be standard market design?"  Panelists varied on this, but most felt strong guidance from FERC is urgent.  Some urged for one mandatory design for North America, one supported a set of rigid standard designs, one supported a single design with requests for exceptions (followed by an in-depth review process), and one seemed to prefer the current situation.

The commission in general seemed to be very interested in understanding what the industry needed to move forward.  They continually visited this topic throughout their discussions, asking questions like, "Do we need to issue a Mega-Order that addresses all these issues?" and, "How much detail do you need us to provide?"   General feel from the panelsists seemed to be they wanted strong leadership in this areas.  Kormos and Burkes went so far as to say FERC should "Mandate as much as they felt comfortable - and then go a little further."  Others seemed to be a little worried about this idea, but in general did not oppose the concept, citing only general warnings and the need for cautious investigation.

One item of interest: Wood referred to the filing made by the Electronic Scheduling Collaborative and specifically asked if the items identified in the "RTO Design and RTO Implementation" section would address many of the questions and uncertainty facing the industry with regard to RTO design.  Kormos indicated that clear and specific answers to these questions specifying a course of action would go a long way toward guiding the industry.  The section to which Wood referred was one that I wrote, and asked the following questions:

?         Congestion Management - When Operational Security Violations occur, how is the system to be stabilized in a fair and equitable manner that is nonetheless efficient?  Will LMP based systems be standard, or will there be others that must be accommodated?

?         Transmission Service  - Are transmission services required to schedule ("covered" schedules only), or are they risk management tools protecting from congestion charges (both "covered" and "uncovered" schedules are allowed)?

?         Loop Flows  - Are contract-path based or flow-based transmission services appropriate?  If contract-path based, how are parallel path issues to be addressed?

?         Grandfathered Transmission Service - Should contracts existing prior to RTO development be transferred, or is there an equitable way to retire those contracts?  Are there other solutions?

?         Energy Imbalance Markets - How are imbalance markets to function? Will they serve as real-time energy markets (support unbalanced schedules), be limited to supplying needs of imbalance service (require balanced schedules), or will they be required at all?

?         Ancillary Services - Will ancillary service markets be developed in standard ways?  Will entities be required to actually schedule ancillary services (required to schedule), or will they be treated primarily as financial instruments (protecting against real-time POLR charges)?

?         Losses - Can we utilize the imbalance markets to support losses?  Can we create specific loss standards that facilitate the scheduling process, or must we support methods that are currently in tariffs, but technically unwieldy?

?         Non-Jurisdictionals - How are non-jurisdictionals to be integrated into the new world?  Should systems be designed with the assumption that non-jurisdictional will be part of an RTO?  Or should they be designed to treat each NJE as a separate entity?

Hopefully, FERC will use this section as a template to answer these critical questions in an assertive manner, and give some solid direction in which to move. Kormos emphasized the need for concrete answers to these questions, pointing out that vague answers (i.e., "do congestion management") will take a year or two to resolve, but specific answers (i.e., "LMP with financial hedging instruments") will take only months.  The Commission asked Mike about moving forward, and he told them that effectively, it was impossible to move forward with implementation without getting these issues addressed.

Now for a  funny point - One of the commissioners (I think Breathitt) referred to some concerns expressed in the Northwest that their high concentration of hydro power makes LMP inefficient for the Northwest.  Kormos flat out said, "My profession is understanding how power systems work, and I don't believe that that statement is true."  He then backpedaled a bit and said that it would need more study, but he stood by his statement that the assertion by the Northwest interests was false.

NERC and GISB

A great deal of discussion focused around the need for a single standard-setting organization.  Massey went so far as to ask, "Are we looking at a beauty contest between NERC and GISB?"  Cook and Boswell then went into several short polite jabs at each other's organizations.  Other participants continually reiterated the need for ONE, INDEPENDENT organization.  Interestingly, Boswell was very emphatic about the established trust and respect in GISB, while Cook preferred to only talk about the "new" structure of NERC and did not focus on its history.

Brownell offered some not-too-subtle passive support of GISB by pointedly asking both Cook and Boswell if they lobbied political positions (i.e., were they not only an organization but also a stakeholder?).  GISB was easily able to say they were not, but NERC of course had to admit to their romancing of Congress and the Bush administration for reliability legislation. Point, Brownell.

Mennes acted as somewhat of a supporter for NERC, playing Dave Cook's yes-man.  He probably did them a little bit of harm by pointing to NERC's supposed "successes," such as TLR and E-Tag.  If staffers have tenure, they will likely remember that these "successes" have not been so successful, resulting in several filings and interventions.  We may also wish to file comments in specific objection to these claims, to refresh their memory and to show the pretty picture Marty painted was in fact a fiction.

There was a little discussion about splitting reliability and market issues, but general consensus was that I could not be done.  There was also some talk of folding NERC under GISB/EISB.

The arguments began winding down after a some time, and Boswell strongly urged the Commission to speak to industry executives and advocacy group leadership to see whether NERC or GISB should lead the industry forward.  NERC somewhat less enthusiastically supported this position.  In general, I would say it was a close fight but GISB came out more on top.

Let me know if you have any questions.

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771


Seems like we should have a link from GRO site to this.  Is this part of
Brent's organization ?

http://globaltrade.enron.co.uk/


John - Enron Europe is taking a hard look at all the allocations they receive
from Corp.  Can you send me a note providing details on your budget
allocation methodology?  I've attached your spreadsheet in case you need it
for reference.

Thanks!


Reservation status has changed. Details of the reservation are listed below:
ASSIGNMENT_REF = 27948
SELLER_CODE = AZPS
SELLER_DUNS = 958982563
CUSTOMER_CODE = EPMI
CUSTOMER_DUNS = 848921276
AFFILIATE_FLAG = 0
PATH_NAME = W/AZPS/AZPS-AZPS/FOURCORNE345 - PNPKAPS230//
POINT_OF_RECEIPT = FOURCORNE345
POINT_OF_DELIVERY = PNPKAPS230
SOURCE = presched
SINK = presched
CAPACITY = 25
CAPACITY_REQUESTED = 25
SERVICE_INCREMENT = HOURLY
TS_CLASS = FIRM
TS_TYPE = POINT_TO_POINT
TS_PERIOD = OFF_PEAK
TS_WINDOW = FIXED
TS_SUBCLASS = WHEEL
NERC_CURTAILMENT_PRIORITY = Nerc Priority 1
OTHER_CURTAILMENT_PRIORITY = Default
START_TIME = 01/16/2002
STOP_TIME = 01/17/2002
CEILING_PRICE = 1.95
OFFER_PRICE = 1.95
BID_PRICE = 1.95
PRICE_UNITS = $/mW
PRECONFIRMED = YES
ANC_SVC_LINK = N/A
ANC_SVC_REQ = N/A
POSTING_REF = 0
SALE_REF =
REQUEST_REF =
DEAL_REF =
NEGOTIATED_PRICE_FLAG =
STATUS = CONFIRMED
STATUS_NOTIFICATION = holden.salisbury@enron.com
STATUS_COMMENTS =
TIME_QUEUED = 01/15/2002

TIME_OF_LAST_UPDATE = 01/15/2002
PRIMARY_PROVIDER_COMMENTS =
SELLER_COMMENTS =
CUSTOMER_COMMENTS =
SELLER_NAME = AZPS
SELLER_PHONE = 602.250.1128
SELLER_FAX = 602.250.1155
SELLER_EMAIL = oasisadm@apsc.com
CUSTOMER_NAME = Enron Power Marketing, Inc.
CUSTOMER_PHONE = (713)853-3801
CUSTOMER_FAX = (713)646-8272
CUSTOMER_EMAIL = bill.rust@enron.com
REASSIGNED_REF = 0
REASSIGNED_CAPACITY = 0


My friend at CPSB (Johnny Forbes) and I were talking last night and he told
me that RHLP had been running test on their Ranger system which is the system
that will run CPSB generation and interface with the ISO.  Johnny says that
for the last three weeks, each time that RHLP had tried to run the Ranger
system the Joint ACE and the units would not respond.  Their are many bugs in
the system!

Johnny said the CPSB Ranger system is still in a box on the floor in the
Control Room.  Their is talk at CPSB that it will be at least three months
before the ISO begins to work as planned.

Johnny also told me that the Texas State Senate had passed some sort of Bill
that would allow Ercot to postpone the Deregulation process.  According to
Johnny,  ERCOT is just waiting for someone  ( ENRON, RHLP, AEP-CNTRL etc. )
to say they are not ready before they exercise this option.

I hope this information is of some value and not just some gossip!

Steve


I don't rally have an opionion-your call-just let me know what you want me to do

 -----Original Message-----
From: 	Ellis, Laurie
Sent:	Thursday, November 08, 2001 12:26 PM
To:	Tholt, Jane M.
Subject:	FW: Trades with So Cal Gas Co's Storage Group

Janie,

On second thought, this may be a little more complicated.  So Cal wants to treat these trades as if they are a separate entity and they also do not want to include them with our monthly netout.  If this is going to happen on a go forward basis, maybe we need to get legal documentation from So Cal allowing us to setup two separate Global counterparties.  What do you think?

Thanks
Laurie

 -----Original Message-----
From: 	Ellis, Laurie
Sent:	Thursday, November 08, 2001 12:17 PM
To:	Tholt, Jane M.
Subject:	Trades with So Cal Gas Co's Storage Group

Janie,

Can you send me an email (just something short) with the deal numbers of any future trades you make with Gwoon Tom?  Unfortunately, when you put a note in Sitara's special handling instructions, I don't get any kind of notification.  As long as I know the deals ahead of time, I can make sure they appear on separate invoices.  They also go to different internal mail locations and contacts so I have to correct that as well.

Thanks
Laurie Ellis
Specialist - Gas Settlements
Enron Net Works LLC
Phone: (713) 345-9945
Fax:  (713) 646-8420
email:  laurie.ellis@enron.com


Jeff,

Attached is a file that contains an analysis that Bob Badeer asked me to do
for you.  The results are displayed on the "graphs" page in two graphs:

1. This (top) graph shows a typical portfolio that the utility might want to
use to cover its short position.  I have displayed here a representative
average monthly peak load shape for the year (it is acutally the CAISO avg
peak load for the previous 12 months).  We have assumed that the utility has
available 15GW of capacity ("utility-owned resources"), and that the
remainder will be served through one of four types of contracts: a 10-yr
fixed price, a 5-year fixed price, a 1-yr fixed price, or "monthly" prices
(i.e., spot or balance of the month type prices).  We have then allocated the
net short position among these four contracts in varying amounts, assuming
that the utility would not want to be over-exposed to any one term.

2.  This (bottom) graph shows peak prices (using an average of NP and SP) for
the next five years (1) for the four contracts listed above ("Monthly" is
simply our forward curve) and (2) for a weighted average price assuming the
allocation shown in the first graph.  We note that we have assumed a cost to
generate for the utility's resources of $40/Mwh.

Hope this is somewhat clear.  If you have any questions, please call me at
503-464-8671.  Thanks.


I guess our confirm group shouldn't be worried

 -----Original Message-----
From: 	Gossett, Jeffrey C.
Sent:	Thursday, November 15, 2001 11:50 AM
To:	Lavorato, John
Subject:	Confirms

John -

Thought you would be interested to know that Dynegy does not have a confirm group.  They do not send confirms.  They just receive them from us.  I guess that they wait for settlement to catch issues over there.  That seems fairly risky.

JG


Ted,

Take a look.

Vince


----- Forwarded by Tana Jones/HOU/ECT on 07/12/2000 03:49 PM -----

	Tom Moran
	07/12/2000 03:44 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT,
Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON, Mary G
Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities, Enron
Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 07/12/00

Please find attached Credit's EOL responses for 7/12/00.

Regards,
tm


How about...I'll be in London?  Seriously!  It never
fails!  Must be karma-something!  No spring break and
no b-day celebrations for me...just hoof and mouth
disease.  I'll miss you all...who's birthday's are
next?  I'll just have to save my celebrations up, I
guess.
Always something,
Courtney

--- "Kelly, Jacqueline" <Jacqueline.Kelly@schwab.com>
wrote:
> Since I forgot to send something out sooner for
> dinner this Thursday, and
> after 5 semesters at Haas we finally get a Spring
> Break, lets get together
> and catch up next Wednesday.
>
> I was thinking dinner in the city (baby's and s/o's
> invited) and no excuses,
> Courtney!  :)
>
> I could have it in the Mission or Noe Valley to make
> it easier for our
> friends in the peninsula - any suggestions?
>
> We also have two birthdays to celebrate: Teddy and
> Paul.
>
> Hope to see you next week!
>
> -Jackie
>
> Jacqueline Kelly
> Treasury
> Charles Schwab & Co, Inc
> (415) 667-3915
>
> Warning: All e-mail sent to or from this address
> will be received or
> otherwise
> recorded by the Charles Schwab corporate e-mail
> system and is subject to
> archival, monitoring or review by, and/or disclosure
> to, someone other than
> the
> recipient.
>
>

> ATTACHMENT part 2 application/ms-tnef

__________________________________________________
Do You Yahoo!?
Get email at your own domain with Yahoo! Mail.
http://personal.mail.yahoo.com/


-----Original Message-----
From: Hala Habal [mailto:hhabal@bizjournals.com]
Sent: Friday, January 18, 2002 2:08 PM
To: Molly Meyers
Subject: FW: This is good!

----------
From: bbagley <bobbagley@bullish.org>
To: "Bagley, Bob" <bbagley@bullish.org>
Subject: This is good!
Date: Fri, Jan 18, 2002, 12:44 PM

How to Explain Enron to Your Children:

Feudalism - You have two cows. Your lord takes some of the milk.
Fascism - You have two cows. The government takes both, hires you to
take care of them, and sells you the
milk.
Communism - You have two cows. Your neighbors help take care of them and
you share the milk.
Totalitarianism - You have two cows. The government takes them both and
denies they ever existed and drafts
you into the army. Milk is banned.
Capitalism - You have two cows. You sell one and buy a bull. Your herd
multiplies, and the economy grows. You
sell them and retire on the income.
Enron Venture Capitalism - You have two cows. You sell three of them to
your publicly listed company, using
letters of credit opened by your brother-in-law at the bank, then
execute a debt/equity swap with an associated
general offer so that you get all four cows back, with a tax exemption
for five cows. The milk rights of the six
cows are transferred via an intermediary to a Cayman Island company
secretly owned by the majority
shareholder who sells the rights to all seven cows back to your listed
company. The annual report says the
company owns eight cows, with an option on one more.

Have a good weekend!


Darren,

Thanks for the clarification!

Kathy

Daren J Farmer
12/13/2000 01:07 PM
To: Katherine Benedict/HOU/ECT@ECT
cc:
Subject: Re: Heads-Up - Tenaska IV Partner Ltd. - September 2000

We should not be paying Tenaska's Lone Star transport for Sep.  That should
be paid by Tenaska IV.  We took over the payments with October production.

D

Katherine Benedict
12/05/2000 04:44 PM
To: Daren J Farmer/HOU/ECT@ECT, Mark McCoy/Corp/Enron@Enron
cc: Bob Fisher/NA/Enron@Enron
Subject: Heads-Up - Tenaska IV Partner Ltd. - September 2000

Hi Guys,

Please do me and Bob Fisher in the Transport Settlements group a huge
favor......Please let us know when the TXU/Lonestar  transport deals for
Tenaska IV Texas Partners have been entered into Path Manager (for September
2000).

I am holding the transport invoice from TXU/Lonestar for September
2000....waiting to enter the "actuals" into our system for payment.

Thanks,

Kathy  :  )


Chris,

I have read the paper.  It reads very well. Two comments.

1. It probably makes sense to include a note on the standard GBM simulation
equation and
the way it's typically discretized.

2. It will help the reader who did not read the earlier articles to explain
what CT is (perhaps a footnote).

I am also including a message I sent to Julie today.

******************************************************************************
***************
 1. I would like to register 2 members of my group for both courses (in
Houston):

a. Paulo Issler
b. Alex Huang

I shall attend the course on weather only.

2. I have started the process to issue a check for 5,000 AUD for Lacima.
Shirley sent you an update on this. The 2nd installment comes from the budget
of our
office in Australia. I shall talk to Paul Quilkey today about it. Please, let
me know if there is any delay.

3. The book  will be used as textbook for the class I shall be teaching at
Rice.
Rice Univ bookshop is placing an order.

4. I would like to order 50 copies for my group. What is the best
way to place the order?  Can we pay in US dollars?
******************************************************************************
***************

Best regards.

Vince

"Chris Strickland" <chris@lacima.co.uk> on 12/12/2000 05:21:22 PM
Please respond to "Chris Strickland" <chris@lacima.co.uk>
To: <Vince.J.Kaminski@enron.com>
cc: "Julie" <julie@lacimagroup.com>
Subject: Fw: EPRM Article

Hi Vince,

I'm wondering if you got this last week? If you could have a quick look and
get back to me with any comments that would be great - Robin is chasing me
on this one!

Best regards.

Chris.

----- Original Message -----
From: Chris Strickland <chris@lacima.co.uk>
To: <VKaminski@aol.com>
Sent: Wednesday, December 06, 2000 4:16 AM
Subject: EPRM Article

> Hi Vince,
>
> Hope things are fine with you. I'm sorry that I only ever write to you
when
> I'm after something, but could you look at this simulation article - the
> next installment in the EPRM articles.
>
> Many thanks and best regards.
>
> Chris.
>
>
>
> ----- Original Message -----
> From: <VKaminski@aol.com>
> To: <Vince.J.Kaminski@enron.com>; <Les@lacima.co.uk>;
<chris@lacima.co.uk>;
> <robin@risk.co.uk>
> Sent: Friday, September 08, 2000 4:23 AM
> Subject: Re: VaR Article
>
>
> > Les,
> >
> > The revised version  of the VaR article looks fine.
> >
> > Vince
> >
>

 - EPRM_04_sim_mr.zip


ok, sorry i am not missing 2 deals for bob, just missing 1 for sean

buy pudget
300.00
26-27
mid c
25 mw

thanks


Trey Hardy
04/17/2000 10:32 AM
To: Cliff Baxter/HOU/ECT@ECT, Jere C Overdyke/HOU/ECT@ECT, Andrea V
Reed/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT,
John J Lavorato/Corp/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Edward
Ondarza/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Max Yzaguirre/NA/Enron@ENRON,
Christopher F Calger/PDX/ECT@ECT, James A Ajello/HOU/ECT@ECT, Sally
Beck/HOU/ECT@ECT, Jim Fallon/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, David W
Delainey/HOU/ECT@ECT, Michael Miller/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
W David Duran/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, Raymond
Bowen/HOU/ECT@ECT, Richard Lydecker/Corp/Enron@Enron, C John
Thompson/Corp/Enron@ENRON, Greg Piper/Corp/Enron@Enron, Wes
Colwell/HOU/ECT@ECT, Mark Tawney/HOU/ECT@ECT
cc:
Subject: Management Summary 04/17


FYI
----- Forwarded by Mark Taylor/HOU/ECT on 08/04/2000 10:58 AM -----

	Jon Barrett@MGLTD
	08/04/2000 10:58 AM

		 To: Justin Boyd/LON/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT
		 Subject: Re: MG - US Regulatory Status...

Justin

Sorry for the delay in catching up with my e-mails. Yes, MG London Inc is the
clearing member of NYMEX/COMEX and is FCM & CTA. The only other MG companies
who have any exchange/regulatory registrations are in the UK and are
Metallgesellschaft Ltd (LME & SFA, also LIFFE to come), MG Brokers Ltd (LME &
SFA), MG Metal & Commodity Co Ltd (LME only).

Rgds

Jon

Justin Boyd@ECT
31/07/2000 20:53
To: Jon Barrett/MGLTD_London/MGLTD@MGLTD
cc: Mark Taylor/HOU/ECT@ECT

Subject: MG - US Regulatory Status...

Jon,

Grateful if you could complete the picture for me and for Mark Taylor.    Is
MG London Inc. the entity that is the Clearing Member of NYMEX + a Futures
Commission Merchant and Commodity Trading Advisor?   Do any other (MG)
entities have similar registrations, and if so, what are these?

Thanks

Justin

---------------------- Forwarded by Justin Boyd/LON/ECT on 31/07/2000 20:47
---------------------------
From: Mark Taylor on 28/07/2000 16:44 CDT
To: Justin Boyd/LON/ECT@ECT
cc:

Subject: MG

Justin:

Do you know whether we have acquired any companies with CFTC registrations of
any kind (e.g. Commodity Trading Advisor or Futures Commission Merchant)?  I
was wondering who was responsible for compliance matters if we have.

I hope you're well and all my best to Fran.

Mark


Don, go ahead and set it up - what have been discussing with them on the gas
side?

Did CSFB tell them about the $400 Kw capital cost plus the three year
transistion agreement for $4.00 kw/m?

Tell Beverly or Kay to make time for next week if Mr Forster can make it.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/18/2000
07:27 PM ---------------------------

Don Miller
07/18/2000 07:26 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: DPL

Dave,

CSFB spoke with DPL today.  Pete Forster (chairman) said he wants to meet
with you to discuss peakers and other opportunities on the trading and
marketing side.  Besides 3200 MWs of Ohio regulated assets, DPL has a peaking
strategy in ECAR and today has 400-500 MWs in development (interesting to
have peaking strategy with no T&M).  They would like to look at our peakers
to supplement strategy.  Forster didn't flinch when they said $400 kW is the
ballpark number.  More interestingly, Forster went into his desire to talk
with you about other ideas relating to T&M.

Forster suggested 27th or 28th of July for the meeting.  You are more open on
the 28th.  It appears Forster may be open to coming down here.  He wants CSFB
and us to co-ordinate meeting schedule.  CSFB is DPL's main advisor, and the
guys that negotiated the KKR deal a while back.

Apparently we are talking with these guys on the gas side.

Regards,

Don


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yes I would like to be in the new Enron parking garage

 -----Original Message-----
From: 	Hamilton, DeShonda   On Behalf Of Parking & Transportation,
Sent:	Friday, July 20, 2001 8:43 AM
To:	Green, Alisa; Gresham, Wayne; Gros, Thomas D.; Guinn, Linda R.; Hamlin, Mason; Hanson, Kristen J.; Harris, Cathy; Hendrickson, Scott; Henriquez, Cybele; Herod, Brenda F.; Hickerson, Gary; Jain, Avinash; Johnson, Laura; Kacal, Lynna; Kadakia, Shilpa; Keel, Allan; Kinsey, Lisa; Knippa, Mark; Kohli, Sandeep; Lawyer, Larry; Lenartowicz, Chris; Lerro, Kimberly; Lobusch, Christy; Lotz, Gretchen; Mcclure, Mark; McNair, Darren; McNeill, Michael; Miley, Richard A.; Moscoso, Michael E.; Mrha, Jean; Neves, Michael; Nguyen, Michael; Oquendo, Janette; Peters, Diana; Leite, Francisco Pinto; Podurgiel, Laura; Purcell, Heather; Quick, Joan; Quigley, Dutch; Rimbau, Robert W.; Ring, Andrea; Rizvi, Ana; Rorschach, Reagan; Russell, Felecia; Sager, Elizabeth; Sargent, Sean; Schuler, Lance; Severson, Russ; Shepperd, Tammy R.; Snow, Karen; Snyder, Larry; Stuart III, William; Swafford, John; Swinney, John; Taylor, Mark E (Legal); Tippery, Lynn; Trefz, Greg; Susan D Trevino/Enron@EnronXGate; Truong, Connie; Varkey, Shiji; Versen, Victoria; Vitrella, David J.; Webb, Jay; Whiting, Greg; Williams, Gwendolyn; Wynne, Rita
Subject:	Enron Center Garage

The Enron Center Garage has opened.

Employees who work for business units that are scheduled to move to the new building and are currently parking in the Allen Center garage are being offered a parking space in the new Enron Center garage.

This is the only offer you will receive during the initial migration to the new garage. Spaces will be filled on a first come first served basis. The cost for the new garage will be the same as Allen Center garage which is currently $165.00 per month, less the company subsidy, leaving a monthly employee cost of $94.00.

If you choose not to accept this offer at this time, you may add your name to the Enron Center garage waiting list at a later day and offers will be made as spaces become available.

The Saturn Sky Ring  that connects the garage and both buildings will not be opened until summer 2001. All initial parkers will have to use the street level entrance to Enron Center North until Saturn Sky Ring access is available. Garage stairways next to the elevator lobbies at each floor may be used as an exit in the event of elevator trouble.

If you are interested in accepting this offer, please reply via email to Parking and Transportation as soon as you reach a decision. Following your email, arrangements will be made for you to turn in your old parking card and receive a parking transponder along with a new information packet for the new garage.

The Parking and Transportation desk may be reached via email at Parking and Transportation/Corp/Enron or 713-853-7060  with any questions.

(You may enter & exit on Clay St. and Bell St., also pedestrians, will have to use the garage stairwell located on the corner of Bell & Smith.)


In referring to your  e mail to Ken Lay,  the reason  we   see total  US  gas
storage volumes BY month in 2000  decrease  by    .200 TCF  to  .400 TCF
below   the levels by month  in 1999 is due to  the following  reasons:

A.  STORAGE  COSTS   Putting  gas into storage for  a  several month period
typically costs  50 cents  to  $1.00 per  MCF or more;

B.  GAS COSTS   This cost  becomes  too  high to  put  gas into storage
when average  U.S.  prices  start rising because  the  need  to USE  the gas
itself,  not store  it,   becomes  greater than the need  to put it into
storage and pay storage  costs   for  future  needs.

For  example    at  $2.00 plus  50 cents  or   $1.00 for heat season storage
this cost combination is typically economic;   but  the situation becomes
cost prohibitive  when demand in the market for gas  is  so great to USE it
that it moves  the price  to   $3.00  or more  or as high as   $4.60  --  to
which  one would  then also have to  add   50 cents or  another dollar to
store it.

  TOTAL  GAS IN STORAGE  Source:  Table 10  US DOE EIA November 2000;  Gas
Prices  per  Table   4

APRIL 1999 5.876 TCF             $1.86 MCF US  Avg Gas  Wellhead Price
MAY  6.206     2.16
JUNE  6.519     2.12
JULY  6.749     2.18
AUG  6.978     2.49
SEP  7.292     2.61
0CT  7.443     2.50
NOV  7.445     2.67
DEC  6.906       2.20

JAN 2000 6.088   $ 2.12
FEB  5.672     2.30
MAR  5.514     2.36
APR  5.547     2.55
MAY  5.782     2.90
JUNE  6.061     3.73
JULY  6.351     3.70
AUG  6.544     3.67
SEP  6.827     4.26
OCT  7.072     4.61
NOV  6.779

Per  Table   3,   U.S.  gas  consumption  rose  .500 TCF  in year 2000
versus   1999;  but  additional supply from US and Canada  Table   2,     was
just  .100 TCF  so   to meet  the market  demand    .400 TCF  of  gas had to
come  out of  storage.
Hope  this helps clarify.  You can see these  reports on the  DOE   web
site   at   www.eia.doe.gov  and click on Natural Gas Monthly Statistics.
Regards,  M  Carson  Enron Competitive  Analysis


Have him get in touch directly with me for the moment...I agree that the
concerns Richard raised can be dealt with- I think Edward will see people who
are actually quite committed and passionate about their work.

From: Paul Dawson/Enron@EUEnronXGate on 07/04/2001 04:37 PM GDT
To: Paul Kaufman/ENRON@enronXgate, Jeff Dasovich/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron
cc: Mark Schroeder/ENRON@enronXgate

Subject: Government Secondee

Attached below is the CV for Edward Barker.; As discussed previously,
Edward's fiancee is finishing a PhD in LA and the DTi are willing to second
Edward to California for a year.; I've got back to them saying that we're
happy to consider it, asking for a CV and passing on the need for Edward to
be based in either SF or Portland.; The latter point is fine, he would be
willing to travel.
;
From the CV;Edward's background is similar to mine on the educational front,
although he took a turn into Government rather than consulting when he left
university.; I think Edward is excellent.; He is one of the best
regulators/civil servants I've come across in terms of both his economic
knowledge and;awareness of commercial issues.; He should have a very
successful career at the DTI and it;be good if we;were able;to help him.
;
So - we've got the CV and the;agreement in principle to offering Edward
something, what's the best way to take this forward and make it happen?; Who
should I liaise with?
;
Thanks
;
Paul
;
PS: Richard Lewis did have one concern, ie, that if Edward gets too close to
our reg affairs staff he may develop a cynical view of our regulatory staff
"arguing the book" rather than crusading for truth, justice and the public
interest.; This could backfire on us when he returns to the UK.; While this
is a potential problem, I don't think we should be unduly;concerned because:
;
- Edward is astute enough to realise what drives most regulatory affairs
activity
- we generally are arguing in the public interest anyway
- if we're aware of the problem we can circumnavigate it.
;
;
;
;
-----Original Message-----
From: Barker Edward (Mr EOR) [mailto:Edward.Barker@dti.gsi.gov.uk]
Sent: 04 July 2001 16:03
To: Dawson, Paul
Subject: CV

<<cv26062001.doc>>
Paul

Further to your conversation with Ian earlier, PSA my CV.

Thanks!

Edward


---------------------- Forwarded by Chris Germany/HOU/ECT on 03/28/2000 09:07
PM ---------------------------

Jerry W Germany <germanj@basf-corp.com> on 03/20/2000 08:33:23 AM
To: Chris Germany <Chris.Germany@enron.com>
cc:
Subject: Re: Hey

979-415-6314

New area code plus our prefix is also changing.

Chris Germany <Chris.Germany@enron.com> on 03/20/2000 06:48:12 AM
To:   Jerry W Germany
cc:
Subject:  Hey

What's your work number?  I'm updating my Lotus Notes Database and I left my
day
planner at home - too much weight in the backpack.