Jeff --

Any communications with ElectriCities on virtual direct access?  Maybe another good avenue for ElectriCities to help its members?  Now that direct access is dead in NC, ElectriCities could agree to move new products through their stable channel.

Jim
 -----Original Message-----
From: 	Barnes, Lynnette
Sent:	Tuesday, August 14, 2001 9:46 AM
To:	Ferris, Frank; Fromer, Howard; Lawner, Leslie; Memari, Tooran; Miller, Terri; Montovano, Steve; Rishe, Frank; Ross, Derrick; Schoen, Mary; Snyder, Brad; Sullivan, Kathleen; Suttabustya, Buranit; Thome, Jennifer; Truxillo, Wayne; Wininger, James; Ader, Jeff; Anderson, Jonathan; Anderson, Meriwether; Bachmeier, Rick; Bernstein, Eitan; Bernstein, Mark; Bertin, Suzanne; Bolton, Stacey; Chan, Stella; Duda, Geoff; Galow, Gary; Hammond, Pearce; Jackson, Robert; Kazibwe, Julia; Keene, Patrick; Kingerski, Harry; Kosnaski, Andrew; Lopez, Yolanda; Meigs, Mark; Ogenyi, Gloria; Steffes, James D.; Boston, Roy; Bray, Peter; Collins, Joan; Hueter, Barbara A.; Landwehr, Susan M.; Lassere, Donald; Migden, Janine; Stroup, Kerry; Covino, Susan; Magruder, Kathleen; Merola, Becky; Reichelderfer, Thomas; Sandherr, Cynthia
Subject:	North Carolina Focus Fades for Dereg

Focus on Electric Deregulation Fades at High Point, N.C., Meeting
Jacob McConnico

Aug. 10, 2001
Knight Ridder Tribune Business News - KRTBN
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World Reporter (TM)

High Point electric utilities officials, city staff and elected leaders plan to spend the next two days talking about power issues ranging from saving residents money to unloading some of the city's debt. The 35th ElectriCities Annual Meeting gets started today with registration from 2 to 7 p.m. in New Bern. The conference shifts into high gear, with daylong meetings, presentations and demonstrations planned for Friday and Saturday. High Point Mayor Arnold Koonce, City Manager Strib Boynton and councilmen Ron Moore and Ron Wilkins will attend the two-day event.

Koonce said the annual meeting provides a rare opportunity for High Point officials to meet with leaders from the 50 other cities and towns across the state that run their own power systems. The group meets under the umbrella of ElectriCities, a nonprofit group formed in 1965 to handle many of the issues that arise from municipal power distribution.

"It's the only time, unless you call a special meeting, that these officials get together in one place," Koonce said. "We get to find out what is happening throughout all of the ElectriCities."

ElectriCities provides customer service and safety training, emergency and technical assistance, communications, government affairs and legal services to its 51 members. The group also provides management services to the state's two municipal power agencies, N.C. Municipal Power Agency Number 1, which includes High Point and Lexington, and N.C. Eastern Municipal Power Agency.

Representatives from across the state will attend the meeting, and Moore said he is most interested in learning about progress on restructuring the $5.4 billion debt owed by ElectriCities and its members.

Moore said it is imperative for Duke Energy Corp. to obtain recertification from the Nuclear Regulatory Commission for the Catawba and McGuire nuclear power plants, which supply power to High Point and other members of ElectriCities. Recertification would allow the plants to operate for an additional 20 years, making it possible for ElectriCities to refinance its debt.

"I want to learn more about the effects of restructuring our debt on our customers," Moore said. "I want to know where ElectriCities stands on restructuring the debt, and where Duke is on getting this recertification."

Boynton echoed Moore's sentiments, but said this year's meeting will be a little different than last year's meeting because attendees will not be as worried about the possibility of the state deregulating the power industry.

"I think deregulation is effectively a dead issue because of the trouble they have had in California," Boynton said. "This meeting, however, is critically important because the electric fund makes up about $80 million of our annual budget. It's the single-largest part of our budget. Most of the decisions are made by ElectriCities, so it is critical for the Council to attend this meeting."

713-853-9287
888-703-0309


Jeremy,

Congratulations. Well deserved.

Vince


Thanks for your help, as usual.  Sara

 -----Original Message-----
From: 	Armogida, Jim
Sent:	Wednesday, October 24, 2001 3:02 PM
To:	Rogers, Rex
Cc:	Shackleton, Sara
Subject:	RE: Put Confirmations:  ENE as "Seller" and Lehman Brothers Finance S.A. as "Buyer" (or "Lehman")

Rex--I did get with Bob, and he sees no problems with the puts.  He does want you to be aware of them, which I said you are.

Sara--I think that is it.  Please let me know if you need anything else.

 -----Original Message-----
From: 	Rogers, Rex
Sent:	Wednesday, October 24, 2001 2:30 PM
To:	Armogida, Jim
Subject:	FW: Put Confirmations:  ENE as "Seller" and Lehman Brothers Finance S.A. as "Buyer" (or "Lehman")

Armo:  I won't be able to get in the loop on these confirms----I am sure that you are already assisting Sara, but if not, could you jump in and help her with any questions or issues she has?  As always, if you need additional support you can call on Baird.  Thanks---I need all the help I can get these days!!

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Tuesday, October 23, 2001 4:40 PM
To:	Rogers, Rex; Armogida, Jim; Freeland, Clint
Subject:	FW: Put Confirmations:  ENE as "Seller" and Lehman Brothers Finance S.A. as "Buyer" (or "Lehman")

Rex, Jim and Clint:

You may recall that ENE has been in the process of documenting two forwards, effective 10/3/01, and two puts, effective 10/1/01.  The forwards consisted of rolls of outstanding forwards with Lehman.  These transaction confirmations were signed by Tim DeSpain on Friday, October 19, 2001.

In that regard, I have faxed to your attention the two (2) REVISED put confirmations prepared by Lehman per the email attached below.  I received the confirmations by fax today.  The confirmations were revised to provide for physical settlement on the Expiration Date.  There are two different Expiration Dates; one is October 30, 2001 (Strike Price of USD15.5246) and the other is December 28, 2001 (Strike Price of USD15.6947).  You will see the details on the confirmations.  As Seller of the options, ENE will be obliged to pay Lehman upon delivery of the shares if the options are automatically exercised on the Expiration Date(s).  Please note that there are also changes to the confirmations with respect to "Regulation M/Tender Offer Event" appearing on page 4 (i.e., Cash Settlement will apply instead).

Clint:  please verify that the confirmation changes conform to your discussions with Russ.

Please let me know if you have any questions.

Thanks.  Sara

 -----Original Message-----
From: 	"Fleming, Matthew" <mfleming@lehman.com <mailto:mfleming@lehman.com>>@ENRON
Sent:	Monday, October 22, 2001 10:54 AM
To:	Freeland, Clint
Cc:	Hackmann, Russell; Shackleton, Sara
Subject:	Put Confirmations

Clint,

Just FYI, we are revising the two put confirmations we sent out to you
earlier to reflect the discussions you previously had with Russ around
settlement.  We will correct the confirms to include only physical
settlement at maturity, and we will send them out shortly.

Regards,
Matt

Matt Fleming
Lehman Brothers
Corporate Equity Derivatives
P: 201-524-2279
F: 646-758-4819
C: 917-553-8757

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


Mike,

#4 -  I would expect that to the extent you continue to have activity in
Argentina, especially Arcor, that it would be wise to keep one accounting
person in BA.  We currently do not have anyone in SP that has both Brazil and
Argentine statutory accounting experience.  I also believe that it would be
somewhat difficult to find a person which would have this experience in
Brazil.  Finally, since we already have someone in BA that understands the
system and the business, it just makes sense, from a learning curve
perspective,  to keep one of the current staff.

#1 - From an accounting point of view, the mechanics would not be a problem
as we have SAP in SP as well, which is tied into Houston and BA.  However,
the bigger problem, staffing to handle this,  is addressed above.

Let me know if you need further clarification.

Allen

To: Lynn Aven/NA/Enron@Enron, Brent Hendry/NA/Enron@Enron, Andrea
Calo/SA/Enron@Enron, Scott Mills@EES, Luis Juarros/SA/Enron@Enron, Allen W
Ueckert/NA/Enron@Enron, Guillermo Canovas/SA/Enron@Enron, Cristian
Folgar/SA/Enron@Enron, Rodolfo Freyre/SA/Enron@Enron, Julian
Poole/SA/Enron@Enron
cc: Joe Kishkill/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Miguel
Padron/NA/Enron@ENRON, Remi Collonges/SA/Enron@Enron, Brett R
Wiggs/SA/Enron@Enron, Mark Taylor@ECT, Carlos Bastos/SA/Enron@Enron

Subject: Argentina Trading in Brazil

We are in the process of working through the regional objective of
consolidating intellectual capital I.E. we want Argentina trading activity to
be consolidated into the Sao Paulo trading operations.

1 What are the tax,  legal, regulatory, accounting and operational
consequences of this move?

2 Are there any commercial restrictions I need to be aware of?

3 Are there any barriers to payments and receivable management?

4 Could accounting be managed out of Brazil?

5 Are there any Argentine banking requirements that would require the
payables and receivable function to remain in Argentina?

6 Are there any conflicts with Brazilian law or banking regulations?

7 Is there any additional taxation exposure such as in  the case of the US as
we decrease Argentina functional independence?

8 Are there any Argentine regulatory conflicts with operating out of Brazil?

9 Are there any Argentine legal conflicts with operating out of Brazil?

10 How do we and can we operate Enron America del Sur S.A. and Enron
Comercializadora de Energia S.A. out of Brazil?

12 If necessary what functions need to remain in Argentina to resolve any
legal, regulatory, accounting or tax issues?

13 Can the stack managers be live in both Argentina and Brazil to resolve any
identified issues?

14 Are there any legal or tax advantages to the Brazilian operational
structure?

15 Mostly are there any fatal flaws I need to be aware of?

Under this structure the stack managers for the following current and future
products will ideally be operated in Brazil:

Arg Gas  Onshore  Physical
Arg Power Onshore  Physical Pending local derivatives company

The stack manager for  Arg Power, Offshore, Financial will continue to be
operated from North America as designed and agreed upon.

I need a quick readers digest version of what I am up against here. We can
get into more details as we proceed.

Please advise ASAP (Monday morning if possible with the short version) so I
can proceed with the best way to accomplish this organizational objective and
corresponding structure.

MFG


FYI - This is what came out of our ONEOK meeting this afternoon.  Please read...

 -----Original Message-----
From: 	Fossum, Drew
Sent:	Tuesday, September 18, 2001 5:45 PM
To:	Neubauer, Dave
Cc:	Lowry, Phil; Craig, Rick; Nelson, Mike; Miller, Mary Kay; Darveaux, Mary; Davis, Britt; Ringblom, Kathy; Porter, Gregory J.; Dietz, Rick; Blair, Lynn; Stage, Michael G.
Subject:	OneOk Talking Points

Below are the talking points that I'd propose we run by Stan and then have Stan use with John Gibson and Dave use with Terry Spencer.  Once everyone is OK with these, I'll email to Stan and Dave with a brief explanation that our recommendation is that we politely decline the suggestion from Steve Winston that we voluntarily rewrite the measurement agreement.

1.  Steve Winston's suggested approach is similar to ONEOK's Scott City measurement agreement with Kinder Morgan.  It uses PTR as an alternative form of measurement that takes precedence over the primary meters if the variation between the PTR and the primary meters exceeds certain thresholds.  That structure is very different from the Northern-ONEOK Measurement Procedures Agreement, which, as reaffirmed by the arbitrators, does not make the numbers from Northern's ultrasonic meters subject to ONEOK's PTR numbers except in the very narrow circumstance of a "BTU measurement error".

2.  Northern is not willing to modify the existing agreement to elevate ONEOK's PTR to a status equal to the ultrasonic meters because the meters and processes within the plant have numerous deficiencies and do not conform to AGA quality specifications.  ONEOK's independent outside experts, Barnes and Click, confirmed this fact during the arbitration.

3.  ONEOK can currently use PTR, or any other means it wants, to determine whether to call a "special test" of the accuracy of Northern's ultrasonic meters pursuant to Section 2(e) of the Measurement ProceduresAgreement.  Upon calling a special test, any concerns ONEOK may have about the accuracy of the ultrasonic meters would be resolved by independent technical analysis of the meters.  ONEOK has not called for a special test, but can do so at any time if it believes the ultrasonic meters are malfunctioning.

4.  If ONEOK wants to renegotiate the Measurement Procedures Agreement to track the structure of the Scott City procedure, ONEOK must bring its measurement and processes within the Bushton Plant up to AGA quality specifications and provide for maintenance of those meters consistent with those specifications.

5.  The current imbalance at the Plant is about $1.2 million owed to ONEOK, based on Northern's meters.  The outstanding imbalance situation at the Plant, which dates to April and May of this year, must be resolved irrespective of what ONEOK desires to do going forward.  Since ONEOK has not called a special test of Northern's meters, the arbitration award mandates that the metered data govern the imbalance for those months.  If ONEOK does not agree to that reconciliation, Northern will be forced to pursue appropriate remedies.


Jeff,

I have been researching Enron and understand some of the difficulties with
running global applications.
Many companies have problems with database replication over a wide area
network.  Traditional database replication is great for local area
replication within one data center.  Once you scale to multiple data
centers, traditional replication is unreliable, complicated to set up and
manage, and very expensive.

Zembu's software was designed to address this exact problem.  Our data
replication and synchronization solution can be used with 2 to n
geographically dispersed data centers.  Zembu also alleviates problems with:

-Global application performance
-Real time data sharing among multiple data centers
-24/7/365 application availability
-Cost effective scaling

Zembu can be used for unique log on applications, internal and/or external
applications.

I like to talk with someone at Enron to see if using Zembu as part of your
e-infrastructure and architecture would be beneficial to you.  We can
determine this quickly via a brief conference call.  Who should I speak
with?

Sincerely,
Fran Compagno

Zembu
445 Sherman Avenue
Palo Alto, CA 94306
Office:  650-847-4084
Cell:  650-269-2740
Email:  fran@zembu.com
Take the Tour:
http://www.zembu.com/Tour/zembu_tour.html


Jason,

You should know what these terms mean.

Let's get both.

Vince

	From:  Jason Sokolov                           01/29/2001 03:52 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: CalPX power prices

???
---------------------- Forwarded by Jason Sokolov/HOU/ECT on 01/29/2001 03:52
PM ---------------------------

	Enron North America Corp.

	From:  Maria Van Houten                           01/29/2001 11:35 AM

To: Jason Sokolov/HOU/ECT@ECT
cc:
Subject: Re: CalPX power prices

Jason,

Are you looking for CalPX hour ahead UMCP or CalPX hour ahead zone prices?
We have hour ahead zone price data from 10/1/98 - current and hour ahead UMCP
from 11/6/2000 onward.
Maria V.H.

	From:  Jason Sokolov                           01/26/2001 09:17 AM

To: Maria Van Houten/PDX/ECT@ECT
cc:
Subject: CalPX power prices

Maria,

I am looking for historical hourly real-time (spot) power prices for CalPX.
Can you help me to locate them?

Jason Sokolov


I have an appointment outside of the office and will  be leaving  today at
2:00.  I will not be returning to the office and will see you guys tomorrow.

Samantha M. Boyd
Sr. Legal Specialist
Enron North America Corp.
1400 Smith, EB3802A
Houston, TX  77002
Phone:  (713) 853-9188
Fax:  (713) 646-3490
email:  samantha.boyd@enron.com


Market Participants:

Attached please find the Agendas for the upcoming CMR Stakeholder Meetings,
being held August 16-18.

 <<Agenda August 162000.rtf>>  <<Agenda August 172000.rtf>>  <<Agenda August
182000.rtf>>

If you plan to attend these meetings, and would like to eat, please don't
forget to RSVP  to Colleen Grant via email or telephone. cgrant@caiso.com or
(916)608-7069.

Regards,

Byron Woertz
Director, Client Relations

 - Agenda August 162000.rtf
 - Agenda August 172000.rtf
 - Agenda August 182000.rtf


This is a stand by.  It has been approved by Dynegy and the Baker Botts team.  Suggest we also draft a "what's next" release discussing private equity or other alternatives.  Steve and I will get something out soon for review.

 -----Original Message-----
From: 	Denne, Karen
Sent:	Thursday, November 08, 2001 6:50 AM
To:	Palmer, Mark A. (PR); Hiltabrand, Leslie
Subject:	no deal release
Importance:	High


Excerpts by email are fine.  Also, as I mentioned, I am very impressed with
your background and accomplishments, but I would like to have you meet a
couple of other people in my group before making a final offer.
Thanks and stay warm!

	"Kim, Amy" <AKim@m-g.com>
	03/09/2001 08:44 AM

		 To: "'skean@enron.com'" <skean@enron.com>
		 cc:
		 Subject: followup to telephone conversation of 3-7-01

Dear Mr. Kean:

Thank you for your call.  I am looking forward to working for you.  I will
be available as of June 1, 2001.

I will have the writing samples and resume ready for you on Monday, March 1,
2001.  Should I fax it to you?  Also, my dissertation is quite lengthy.
Would you like for me to forward you one chapter or just a couple pages?

As discussed, I will be available to come down to Houston between March 30
and April 6, 2001.  More snow (as in 6 inches) is expected today and
tomorrow.  I'm only 5'6".  Pretty soon I will be buried in it since it's
snow upon snow.  HELP!!

I look forward to seeing you again.

Regards,

Amy


Please review the confidentiality agreement attached at the very bottom of
this e-mail and let me know if we should make ask for any changes.

thanks
brant

 -----Original Message-----
From:  "Noubi Ben Hamida" <noubi.benhamida@elftrading.com>@ENRON
[mailto:IMCEANOTES-+22Noubi+20Ben+20Hamida+22+20+3Cnoubi+2Ebenhamida+40elftrad
ing+2Ecom+3E+40ENRON@ENRON.com]
Sent: Thursday, April 19, 2001 1:17 PM
To: Reves, Brant
Subject: RE: Total International

there you go...if wording ok pls provide me with full details/address of an
authorised signatory to whom it will be sent
nbh
----- Forwarded by Noubi Ben Hamida/GENEVA/DCI on 19/04/01 20:13 -----

                    Brant.Reves@e
                    nron.com             To:
noubi.benhamida@elftrading.com
                                         cc:
                    19/04/01             Subject:     RE: Total International
                    17:09

I never got a copy of the CA.

    -----Original Message-----
   From:   Reves, Brant
   Sent:   Wednesday, April 18, 2001 1:14 PM
   To:     '"Noubi Ben Hamida" <noubi.benhamida@elftrading.com>@ENRON'
   Cc:     Maley, Paul; Shackleton, Sara; Sayre, Frank; Gross, Adam
   Subject:  RE: Total International

   Thanks for the heads up.  You can e-mail a copy of the CA to me.  I will
   have legal review it and if ok, execute it.  Give me your fax number and
   I will fax you a copy of the executed CA and you can either e-mail, fax,
   or overnight the f/s.  Provide an address and I will send the hardcopy
   by overnight courier.  Thanks again for the heads up.

   brant

      -----Original Message-----
     From:     "Noubi Ben Hamida" <noubi.benhamida@elftrading.com>@ENRON

[mailto:IMCEANOTES-+22Noubi+20Ben+20Hamida+22+20+3Cnoubi+2Ebenhamida+40elftrad
ing+2Ecom+3E+40ENRON@ENRON.com]

     Sent:     Wednesday, April 18, 2001 1:02 PM
     To:  Reves, Brant
     Subject:  RE: Total International

     Brant, TIL is an eligible swap participant. I will be pleased to have
     the
     financials forwarded to you. Please give me the full contact details
     (name
     - if not you, and full address details) to have a confidentiality
     agreement
     sent to you, to be duly signed. TIL's financials will be disclosed
     upon
     receipt of this confidentiality agreement duly signed by Enron.

     Also, are the deals under consideration LPG deals?

     Thanks for your reply.

     Noubi

                         Brant.Reves@e
                         nron.com             To:
     noubi.benhamida@elftrading.com
                                              cc:
                         16/04/01             Subject:     RE: Total
     International
                         16:48

     Have you had a chance to address this yet?

     brant

         -----Original Message-----
        From:   Reves, Brant
        Sent:   Thursday, April 12, 2001 1:19 PM
        To:     '"Noubi Ben Hamida" <noubi.benhamida@elftrading.com>@ENRON'
        Subject:  RE: Total International

        Thanks for the quick response.  The issue under consideration is
     one of
        eligibility.  The risk profile of existing trades is not a primary
        concern. Under US derivative law, customers must have $10MM total
     assets
        or $1MM shareholder equity or be guaranteed by such an entity or
     post
        cash/LCs in amounts reasonably approximating risk potential.
     Because
        ENA is a US registered company and its subsidiary, Enron Capital &
     Trade
        Resources International Corp. is a US registered company and both
        entities are trading derivatives with Total International, we must
        establish eligibility under one of the above criterion before
     trading
        any futher.  Again, credit risk of existing trades is not
     considered the
        issue.  Satisfaction of eligiblity criterion is the issue.  To this
        point, Total International has not guaranteed this entity and no
        financial statements have been provided. We must somehow work
     together
        to satisify these eligibility concerns.  Let me know what you
     think.  Or
        better yet, give me a call, 713-853-9897.

        thanks
        brant

           -----Original Message-----
          From:     "Noubi Ben Hamida" <noubi.benhamida@elftrading.com>
     @ENRON

[mailto:IMCEANOTES-+22Noubi+20Ben+20Hamida+22+20+3Cnoubi+2Ebenhamida+40elftrad
ing+2Ecom+3E+40ENRON@ENRON.com]

          Sent:     Thursday, April 12, 2001 12:42 PM
          To:  Reves, Brant
          Subject:  Total International

          Further your e-mail, can you please indicate to me the details of
     the
          deals
          in consideration?
          I'll revert to you ASAP with the split of the trading activities
     vs.
          the
          main legal entities involved.

          Thank you for your co-operation.

          Noubi

(See attached file: confidentialletter.doc)

 - confidentialletter.doc


Here tis
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/08/2001 09:19
AM ---------------------------

Kay Mann
01/03/2001 09:03 AM
To: Sheila Tweed/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Dale
Rasmussen/HOU/ECT@ECT, Alan Larsen/PDX/ECT@ECT, Karen E Jones/HOU/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Bob
Carter/HOU/ECT@ECT, Stuart Zisman/HOU/ECT@ECT
cc:

Subject: TURBOPARK STUFF/CA Development I and II notice of exercise of
purchase option

I am working on a deal to move TurboPark equipment into Enron owned LLC's,
with a simultaneous sale of  80% of the equity to a third party.  This deal
is supposed to close by Jan 15, so I'm getting a crash course on TurboPark
and how to get stuff out of it during the early phase.  I thought I would
share what I'm learning, if nothing else as a form of therapy.

Attached to the email is what I believe to be the proper form of notice to
take something out of TurboPark.  Five to fifteen business days' notice is
required.

There will be other documents involved as well:

Bill of Sale
Assignment and Assumption Agreement
UCC releases, if applicable (UCC filings are made on all delivered equipment)

I suspect a consent by the equipment seller may also be required.  More to
come on this one.

As I learn more about the process I will keep you advised.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/03/2001 08:52
AM ---------------------------

Kay Mann
01/03/2001 08:28 AM
To: Fred Mitro/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Rebecca
Walker/NA/Enron@Enron, Kathleen Carnahan/NA/Enron@Enron
cc: Catherine Clark/HOU/ECT@ECT, Lisa Bills/Corp/Enron@ENRON, Roseann
Engeldorf/Corp/Enron@ENRON

Subject: CA Development I and II notice of exercise of purchase option

I am attaching a revised draft notice of intent to exercise the purchase
option for the equipment for the CA transactions. We need two separate
notices - one for CA I and one for CA II.  Ben/Fred/Rebecca, could you please
prepare a draft of the two exhibits?

Lisa/Catherine/Rose, I revised the form of notice to make it track the
participation agreement and the development and construction management
agreement.

I've tentatively dated the notice as of this Friday.  By my calculations,
Monday is our drop dead date since a waiver of the 5 day period is not an
option, and the deal dies if not closed by the 15th.

Ben mentioned that I should be drafting a "release letter" for the banks
and/or DevCo. It would be a big help if someone could point me to the section
in the documents which set forth the requirements of the release, since I'm
still wading through it all and haven't found the relevant language yet.
Also, please advise of the results of the conference call which you had with
the lenders (?) and/or their lawyers regarding the issue.

I am working on the assignment and assumption agreement.

Thanks,

Kay


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/23/2000
09:34 AM ---------------------------

Vince J Kaminski
08/23/2000 08:57 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc: Jana Giovannini/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Re: li sun

Jeff,

I met with Li Sun last night and I shall take her for the first rotation.
She comes across as a very smart and highly motivated person.

I am planning to go with Mark Palmer to Wharton in October to
finalize the deal.

Vince

	From:  Jeffrey A Shankman                           08/23/2000 06:31 AM

To: Jana Giovannini/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: li sun

i've asked vince to get involved with you about getting li into vince's
group.  this issue needs to  be resolved by week's end--we look like we don't
have our act together, and that bothers me.  especially since we are about to
make a significant monetary investment at wharton, and we could have a new
wharton recruit disgruntled.

vince, can you set up a meeting with you, me and mark palmer to follow up
with our meeting with skilling?  thanks very much...

jeff


Brian,
Thanks for coming. It was great to have you with us last weekend. I shall ask Vin about Blackbird. I think he should get a job ASAP. Otherwisw, he will go insane staying home with two aging parents.

Vince
--------------------------vince kaminski


Can you help explain how the data in the attached file matches the detailed budgets and current estimates you have provided to me?    It may simply, I just haven't had time to look.

Rod,

Thanks for the email.  Can you help me match the information in this email
to your operating plan or cash flow analysis?

Kyle

 <<AnnualStats.xls>>

>
> Do you have the volume and rate information on Northern Natural that
> will tie to Rod's forecast as well?
>
> Kyle
>

(See attached file: AnnualStats.xls)


John-Paul Goorjian
comet@starshaper.com

To Mr. Ken Lay,

Who needs it more?

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

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

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

Sincerely,

John-Paul Goorjian


October 17, 2000

     Teco Tap  30.000 / Enron ;    103.333 / HPL Gas Daily


FYI, Your petition for Alien Relative (green card) was filed on January 15, 2001.

Jane J. Allen
Enron Corp
Global Employee Services
Phone - 713/345-5064
Fax - 713/646-9501
----- Forwarded by Jane Allen/HOU/ECT on 01/22/2001 08:41 AM -----

	Margaret Daffin 01/19/2001 04:15 PM 	   To: Jane Allen/HOU/ECT@ECT  cc:   Subject: FW: LAVORATO, John

---------------------- Forwarded by Margaret Daffin/HOU/ECT on 01/19/2001 04:14 PM ---------------------------

Virginia Boster <vboster@tindallfoster.com> on 01/15/2001 04:25:06 PM
To:	"'Margaret.Daffin@enron.com'" <Margaret.Daffin@enron.com>
cc:
Subject:	FW: LAVORATO, John

 <<LAVORATO, John >> I-130 filed today

Message-ID: <61122297CED1D311915F00D0B7061EA283E6@COMM_SVR>
From: Susan King <sking@tindallfoster.com>
To:
Subject: LAVORATO, John
Date: Tue, 25 Apr 2000 14:18:45 -0600
Return-Receipt-To: Susan King <sking@tindallfoster.com>
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
Content-Type: text/plain;	charset="iso-8859-1"

I-130 filed on 1/15/01.


- xmassuit.gif


I don't know anything about this!  MC

	Richard B Sanders
	06/08/2000 05:34 PM

		 To: Michelle Cash/HOU/ECT@ECT
		 cc:
		 Subject: Subpoena served on Enron Corp. on June 6, 2000

Do you know anything about this?
----- Forwarded by Richard B Sanders/HOU/ECT on 06/08/2000 05:25 PM -----

	Lisa Robichaux@ENRON
	06/08/2000 04:16 PM

		 To: Kristina Mordaunt/Enron Communications@Enron Communications, Richard B
Sanders/HOU/ECT@ECT, Vicki Sharp/HOU/EES@EES, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Britt Davis/Corp/Enron@ENRON
		 cc:
		 Subject: Subpoena served on Enron Corp. on June 6, 2000


Shirley,

Do we still have some copies left?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/28/2000
08:19 AM ---------------------------

Gopalakrishnan Subramaniam@ENRON_DEVELOPMENT
02/25/2000 11:24 PM
Sent by: Subramaniam Gopalakrishnan@ENRON_DEVELOPMENT
To: Vince J Kaminski@ECT
cc:
Subject: Risk Magazine -Enron sponsored issue on Energy Derivatives

 I have recently come on board as Treasurer ,Enron India . Prior to joining ,
I was with Reliance Industries , a petrochemical conglomerate in India.
   The  Central banking authorities are now thinking of permitting
corporates  to hedge their oil and other related risks. I believe the
literature published
 by Risk in collaboration with Enron has come to be considered as an
industry standard. Would it be possible to arrange for two copies to be sent
across to us .

Thanx N Regards

G.Subramaniam
Treasurer,
Enron India Pvt. Ltd.
36 ,Maker Chambers VI,
Nariman Point,
Mumbai 400 021


John:

Claudio put together a spreadsheet for cheking the change on a composed
jackup index against the change on individual categories of jackups and
semis. He did not weighted the index because we think we will benefit from a
simpler index price calculation by taking the straight average.

The results show a good R-square between the general index and individual
jackup categories - on the range of 0.7 - 0.8. Only one category displayed a
poor R-square - about 0.3. For semis of 4tht and 5th generation, however, we
noticed a degradation on the hedge effectiveness - R-squares about 0.2 - 0.3.
You may verify each regression by changing the choice cell (AX2 on Analysis).

Claudio is also starting to analyze how gas and crude past moving averages,
12 month swaps on gas / crude, and rigs utilization explains the daily rates.
We will forward the results as soon as we finish.

Please call me or Claudio if you have questions.
Paulo Issler


The first annual Global Conference will be held at the Rice Hotel in downtown
Houston on June 15th and June 16th.  The theme of the conference is
'Foundations of "One Enron".'  A review of Global Data Management's role in
the development and support of central information regarding Enron's
customers and relationships and plans for expanding that role will be
discussed.  Many topics will re-inforce worldwide initiatives, communication
between business units, and learning to leverage knowledge and expertise from
multiple sources. There will also be a special workshop session on
multi-cultural awareness to prepare our teams for working in a global
environment.

We would like to feature you as a distinguished speaker, so you may share
your experiences with implementing a revolutionary e-business strategy on a
worldwide basis.  Any information you may impart as to future initiatives and
challenges would also be very interesting.

I would be pleased to have you speak on Friday, June 16 at 11am.  You are
welcome to stay for lunch.  We are also hoping to secure Joe Sutton as a
speaker on Friday immediately following lunch.  Perhaps you would care to
remain for that event as well.

Please confirm your availability with a response and don't hesitate to call
me at x3-6079 should you have any questions.  Thank you in advance for your
participation.


Thanks.

Vince

	From:  Dolores Muzzy                           08/30/2000 08:54 AM

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

I have you scheduled.

Dolores

Vince J Kaminski
08/30/2000 08:13 AM
To: Dolores Muzzy/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Re:

Dolores

Please, register me for a session on 9/29/2000 at 12:45.

Vince Kaminski

Celeste Roberts
08/29/2000 06:21 PM
To: Celeste Roberts/HOU/ECT@ECT
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject:

URGENT

The Associate and Analyst Recruiting Department will be conducting a number
of two hour workshops to review our recruiting and interview process for the
fall on-campus recruiting effort.  Critical information regarding our
on-campus interview process, revised evaluation forms and program structure
will be reviewed during these two hours sessions.

It is mandatory that all team members attend these workshops.  All team
members must attend in order to articulate and demonstrate the Enron
recruiting process.  Knowing how busy schedules are, we have made
arrangements to present these workshops in two hours sessions for a total of
40 workshops that will run during the last week of August, through the month
of September and end at mid October.

Listed below are the dates, location and times for each session.  Please
select a date and time and e-mail this information to my assistant, Dolores
Muzzy.  We can accommodate 25 participants at a time.  Dolores will take
dates and times on a first come, first serve basis.  We have scheduled enough
sessions to accommodate every member of both the Associate and Analyst
recruiting teams.

In order to participate in the recruiting process, you must attend one of
these sessions.  We will be tracking participation.  CPE credits will also be
given for attending this workshop.


BREAKING NEWS from CNN.com

-- Pentagon says refueling plane goes down in Pakistan, rescue teams en route.
Watch CNN or log on to http://CNN.com /AOL Keyword: CNN for the latest news.

********** Exclusive CNN Video ************************************
Watch the day's top stories with CNN's Quickcast. This constantly
updated Web exclusive newscast and more CNN video is only available
with RealOne. Learn more: http://www.cnn.com/quickcast/bnews
*******************************************************************

To unsubscribe from CNN.com's Breaking News E-Mail Alert, log on to:
http://cnn.com/EMAIL/breakingnews.html, go to http://cnn.com/email to
sign up for additional e-mail products

(c) 2001 Cable News Network, Inc.
An AOL Time Warner Company

CNN Interactive email id:11109124704263183


Great -- thanks.  If they want to do financial, would that be possible?

From: Tana Jones on 08/07/2000 09:05 AM
To: Mary Griff Gray/HOU/ECT@ECT
cc:
Subject: Re: Western Area Power Admin -- Upper Great Plains

Just an heads up, they are open to trade physical power, which I expect is
what they want to trade, but not financial.

	Mary Griff Gray
	08/07/2000 09:00 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Claudia Clark/HOU/ECT@ECT
		 Subject: Re: Western Area Power Admin -- Upper Great Plains

Tana,
Thanks for the info -- the customer will be excited to have permanent access.
Griff

From: Tana Jones on 08/07/2000 08:59 AM
To: Mary Griff Gray/HOU/ECT@ECT
cc: Claudia Clark/HOU/ECT@ECT
Subject: Re: Western Area Power Admin -- Upper Great Plains

Legal has signed off on the counterparty, so I expect it is being held up
with the online team for some reason.

	Mary Griff Gray
	08/07/2000 08:44 AM

		 To: Tana Jones/HOU/ECT@ECT, Claudia Clark/HOU/ECT@ECT
		 cc:
		 Subject: Western Area Power Admin -- Upper Great Plains

Tana/Claudia --

Could you bring me up-to-date on the progress of this app?

Thanks,
Griff
x35753

From:  Mary Griff Gray
     07/31/2000 09:55 AM

To: Claudia Clark/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT
Subject: Western Area Power Admin -- Upper Great Plains

Claudia --   I see that this app is still in Legal (since 7/14).  Could you
give me an ETA on it?

Thanks,
Griff
35753


We've scheduled a call for 2 p.m. CDT Wednesday to discuss our legal and PR strategy for dealing with the subpoena issue between now and Aug. 20.

The call-in information is: 888-232-3866, participant code 287424.  For those in Houston, we will meet in 4701.

Jeff -- please forward to Bev.

Thanks!
kd


This morning, we announced an offer to acquire London-based MG plc, one of
the world,s leading metals marketers, for $446 million.  We have been
monitoring the global metals market for several years, and we believe that
now is the right time to enter this $120 billion market.  We are confident
that our successful business model, which we have proven in the natural gas
and electricity markets, gives us a tremendous advantage in a market that is
undergoing fundamental change.

Our offer to acquire MG plc has been unanimously recommended by MG plc,s
board of directors, and we expect to close the transaction by early third
quarter of this year, following shareholder and customary regulatory
approvals.

MG plc is a leading independent company in global non-ferrous metals trading
and marketing and the only such company that is publicly traded.
Headquartered in London with major offices in New York and Frankfurt, MG plc
has 330 employees in 14 countries.  It is the world,s leading copper
merchant, one of the top three merchants of copper concentrates and nickel,
and a leading European merchant of recycled metal.  Other products that MG
plc markets include aluminum, lead, tin, zinc, brass and stainless steel.

This transaction provides Enron with access to new customers and enables
cross-marketing opportunities.  We plan to sell Enron energy products to MG
plc customers and offer bundled products combining metals and power
outsourcing.  Enron will help producers and consumers manage the risks
inherent in volatile raw materials and energy markets, and we will improve
commodity prices for both buyers and sellers.

MG plc,s existing market-making capabilities and market knowledge provide an
immediate platform upon which to overlay Enron,s proven ability to offer
innovative e-commerce-enabled services to commodity-based industries.  Our
new metals business will be integrated into our wholesale business by Enron
Europe CEO John Sherriff, who will work closely with Enron Net Works CEO Greg
Whalley.


If you are not familiar with AB 36 (Steinberg) and  SB 11 (Escutia), they
deal with protective orders and limit the use of  them.? These bills are a
top priority of the business community to  defeat.? Right now, they apply to
cases of financial fraud, environmental  hazard, product liability, and
unfair insurance practices.
However, please be aware that the plaintiffs' bar  is planning to amend the
bills to also apply to energy practices by  generators.
AB 36 is on the Assembly Floor; SB 11 is pending on  the Senate Floor.
?

Chris Micheli, Esq.
Carpenter Snodgrass  & Associates
1201 K Street, Suite 710
Sacramento, CA?  95814
(916) 447-2251
FAX: (916) 445-5624
EMAIL: cmicheli@carpentersnodgrass.com


Dear Valued Customer,

This holiday season, you can enjoy peace-of-mind ordering with
Giftbaskets.com. But hurry, Standard Ground Shipping Delivery ends
midday  Friday, Dec. 15. Save money on shipping by ordering before
Dec. 15. Of  course, last minute gift ideas are always available until
Dec. 22 using our Gift Emergency Service.

Whether its gift baskets, food baskets or unique gift ideas, you can
now choose from over 200 new gift ideas, including our popular "Relax
and Pamper", "Home for the Holidays", "Classic Fruit & Gourmet" gift
baskets, plus much, much more!

And remember, your satisfaction is always 100% guaranteed!!!!
Wish all of your friends, family, and associates your warmest holiday
greetings this year. And when you're doing your last minute shopping
this  holiday, visit us online at http://www.giftbaskets.com or call us at
1-800-461-6836.

Seasons Greetings!
GiftBaskets.com


hmmm.  my understanding is that prentice has a full plate this weekend, but don't know her precise schedule, so I was going to the dome to meet with dottie's cousin and the apple tree guy, and try to make some more progress finishing the cabin.

-----Original Message-----
From: Nancy Sellers [mailto:Nancy.Sellers@RobertMondavi.com]
Sent: Wednesday, September 26, 2001 10:50 AM
To: 'Eldon Sellers'; Cameron; Jeff Dasovich; Prentice @ Berkeley;
Prentice Sellers; Scott Laughlin
Subject: Dad and I are thinking

about coming in to the city Saturday morning to look for glasses?  Will that
work for anyone?

Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"


I would like to see the composite.  I think my home computer has logon access
through the firewall.


We're trying to get a head count for the TradersNews Index (TNI) Users
Meeting/Happy Hour
> > Tuesday, May 15, from 3-5 p.m. at Farrago, near downtown Houston.
> >
> > Come join other utilities and marketers who've done or plan to do
financial swaps or index trades off the TNI
> > hourly, daily or term instruments. We'll have a brief presentation, and
identify arenas for you to
> > conduct the swaps -- including online platforms, instant messaging and
forums.
> >
> > Hit reply to be included on the guest list. Directions to the
restaurant,
>    at 318 Gray (713/523-6404), are at http://www.farrago.tv/farrago.htm.
Click
>    on the flag icon.
> >
> > We hope to see you there!
> >
> > Bobette
> >
> > Bobette Riner
> > Director, Traders News Indexes
> > TradersNews Energy
> > 713/647-8690
> > FAX: 713/647-7552
> > cell: 832/428-7008
> > bobette.riner@ipgdirect.com
> > http://www.tradersnewsenergy.com
> >
> >
> >
>


This really is excellent news and marks the end of a long process.  Thanks to everyone for all of their efforts.

I presume Don will be organizing appropriate celebrations.  Have a good time celebrating!

Louise

From:	Don Miller/ENRON@enronXgate on 05/04/2001 02:16 PM
To:	Fred Mitro/HOU/ECT@ECT, Jeffrey Keenan/HOU/ECT@ECT, Lorie Leigh/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT, Chris Meyer/ENRON@enronXgate, David Marshall/ENRON@enronXgate, Janice R Moore/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Ben Jacoby/HOU/ECT@ECT, Gus Eghneim/Corp/Enron@Enron, Elizabeth Sager/HOU/ECT@ECT, Ross Newlin/HOU/EES@EES, Scott Laidlaw/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert P Virgo/HOU/ECT@ECT, Dave Kristich/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Larry Soderquist/ENRON@enronXgate, Benjamin Rogers/HOU/ECT@ECT, Jinsung Myung/HOU/EES@EES, Carolyn Gilley/ENRON@enronXgate, Cris Sherman/ENRON@enronXgate, David W Delainey/HOU/EES@EES, Rodney Malcolm/ENRON@enronXgate, Grant Zimmerman/Enron Communications@Enron Communications, Joseph Deffner/ENRON@enronXgate, Jim Curry/ENRON@enronXgate, Warren Schick/ENRON@enronXgate, Jonathan Hoff/HOU/ECT@ect, Mike J Miller/HOU/ECT@ECT, Peter Hoyt/ENRON@enronXgate, Dave Kellermeyer/HOU/ECT@ECT, Andrew Kelemen/ENRON@enronXgate, Kevin M Presto/HOU/ECT@ECT, Mitch Robinson/Corp/Enron@Enron, Theresa Vos/ENRON@enronXgate, Jody Pierce/ENRON@enronXgate, Matthew F Gockerman/ENRON@enronXgate, Jordan Mintz/ENRON@enronXgate, Chris Booth/NA/Enron@Enron, Berney C Aucoin/HOU/ECT@ECT, James Simpson/HOU/ECT@ECT, Thomas Callaghan/HOU/EES@EES, Kenneth L Bean/HOU/EES@EES
cc:	Jeff Donahue/HOU/ECT@Enron Communications, Timothy J Detmering/ENRON@enronXgate, David W Delainey/HOU/EES@EES, Louise Kitchen/HOU/ECT@ECT, Mark Metts/Enron@EnronXGate, Janet R Dietrich/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT, Ben Glisan/HOU/ECT@ECT, John J Lavorato/ENRON@enronXgate

Subject:	The sale of the 2000 Peakers to Allegheny is complete

I am pleased to announce that yesterday (May 3) we closed the sale of the Wheatland, Gleason and Lincoln peaker plants to Allegheny. The completion of this LONG transaction was truly a team effort!  We are currently planning a closing celebration, and I will follow up with the details.

Thanks again for everyone's contribution.

(Sorry for the day delay in the announcement but as you know Outlook was down yesterday)


Greetings Dorothy:

Hope all is well.  I can participate in your meeting tomorrow.  Is it
possible to participate by conference call, or would you prefer that folks
attend in person?  Just  let me know.

Best,
Jeff

	Loretta Macktal <lmacktal@cmta.net>
	04/16/2001 03:27 PM

		 To: "Allen, Tom" <tom.allen@mirant.com>, "Baker, Carolyn"
<cabaker@duke-energy.com>, "Gough, Kassandra" <kgough@calpine.com>, "Parquet,
David" <david.parquet@enron.com>, "Stout, John"
<john_h_stout@reliantenergy.com>
		 cc: "Rothrock, Dorothy" <drothrock@cmta.net>, "Stewart, Jack"
<jstewart@cmta.net>, "McCrea, Keith" <kmccrea@sablaw.com>
		 Subject: Meeting Invitation for 4/18/1

To:     Tom Allen, Mirant
          Kasssandra Gough, CalPine
          David Parquet, Enron
          John Stout, Reliant
          Carolyn Baker, Duke Energy

From: Dorothy Rothrock, CMTA

CMTA is reviewing it's policy position on wholesale market reforms and
price caps going into the summer 2001. We would welcome and value your
input and expertise at a meeting this week.

Date:  April 18, 2001
Time:  1:00 to 2:00 pm
Place:  CMTA Exec Conference Room, 980 Ninth Street, Sacramento

You are invited to attend or send a representative.  If you can do
neither, I would like to talk to you at a convenient time before the
meeting.

Call or email Loretta at 916-441-5420 or lmacktal@cmta.net to RSVP or
set up a time for a phone call.

Thanks,
Dorothy Rothrock


Too cute!!  There are a lot of them- just click to move on.
---------------------- Forwarded by Shanna Husser/HOU/EES on 11/30/2000 01:51
PM ---------------------------

christen.m.campbell@ac.com on 11/30/2000 01:43:17 PM
To: stephen.s.siegel@ac.com, bdcjunior@yahoo.com, lcgriffon@yahoo.com,
shusser@enron.com, davisisland@earthlink.net, Taylorjen1@aol.com
cc:
Subject: calvin & hobbs

(See attached file: Snowmans.pps)

 - Snowmans.pps


Looks like it's going to 0.

----Original Message-----
   >From:      Greg Piper/Corp/Enron
   >To:          Greg Whalley,Louise Kitchen
   >Cc:
   >Bcc:
   >Subj:
   >Sent:     Friday, December 15, 2000 11:39 AM
   >
   >You can pick up ICGE today for $4 to $5 per share or about $1.4 billion.
   >
   >GP


On October 17, 2001, Dynegy Midwest Generation, Inc. and Dynegy Power Marketing, Inc. (Dynegy)
tendered for filing a Complaint against Commonwealth Edison Company.  In its complaint, Dynegy alleges
that ComEd has failed to properly enforce the network resource designation provisions of its Open
Access Transmission Tariff (OATT).  Dynegy further alleges that ComEd's actions jeopardize reliability,
deprive Dynegy of revenues for capacity sales, and permits the improper prioritization of network transmission
service for bumping and curtailment. Interventions are due October 26.

Please contact me if you would like further information.


we need to book a trip to club med can cun.  i heard it is just like that
show temtation island.


Forward on if you find it helpful
----- Forwarded by Steven J Kean/NA/Enron on 02/20/2001 03:25 PM -----

	Michael Hicks@ECT
	02/15/2001 09:29 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Bill Donovan/EPSC/HOU/ECT@ECT
		 Subject: Dabhol

Steve:

I asked our consultant who provided assistance on the NEPCO project in
Pakistan to give us some thoughts on Dabhol.  I have also discussed this with
Pete van de Gohm and he is working with Steve Reistetter at EE&CC.  Our
thoughts are that we really need the DPC folks in Mumbai involved, as they
will have to liaise with the authorities.  They probably are already
involved, but nobody's bringing me into the loop from that end.

Regards,

Mike Hicks

----- Forwarded by Michael Hicks/EPSC/HOU/ECT on 02/15/2001 09:24 AM -----

	PhilEJones@aol.com
	02/14/2001 09:25 AM

		 To: Michael.Hicks@enron.com
		 cc:
		 Subject: Dabhol

14 Feb

Dear Mike:

I'm probably not going to tell you anything you haven't thought of, but
here's my response:

Doesn't sound too good.  These groups have been losing out in the great
transition between Nehruvian mercantile-socialism and the current effort to
get India--at least half way--into the world economy.  Some of their
demonstrations in Andhra Pradesh recently turned violent.  These also were
focused on privatization issues and the decline of the state-owned sector
(where these groups dominate).  These groups have allies in the more radical
environmental groups.  They are trying to revive their political base and, in
India, there's nothing like a big American company to focus on, particularly
on the issue of electricity rates--something that affects everybody.

Not being familiar with the site, access or connections to the outside world,
I can't comment on those aspects.  I assume Dabhol has a PR effort going to
show how Maharashtra people and industry need reliable supplies of
electricity, etc.

Generally, I think you have to plan for the worst, but look for avenues to
reduce tensions--open up a back channel to the leaders now, hold any
demonstration well short of the perimeter, but let a small group in to
present petitions, etc.

Make sure the state level politicians and senior bureaucrats guarantee the
facility will be protected.  If something really big seems to be in the
works, see if they will put the plant and surrounding area under Section 144
(or whatever the successor emergency regulation is)--it prohibits meetings
and allows the police to break up demonstrations before they get started.
Work with the State Home Secretary and district level Superintendent of
Police to make sure sufficient police will be on site to hold the perimeter
and protect key facilities--the control room, fuel supply, plant.

Above all, make sure an experienced, senior majestrate will be on site
empowered to raise the level of response--but only if really needed.  The
Indians have a well-developed command and control system for these kinds of
demonstrations.  Escalation starts at baton charging and moves on to tear
gas.  If the police are attacked violently and have difficulty holding, the
majestrate can order live firing over the heads of the demonstrators.  If
police are in danger of being overrun and suffering casualties, the
majestrate can order firing into the mob.  Obviously, you don't want things
to go that far.  There are lots of tactical possibilities in the early stages
and cagey police officers will use them.

These are things the police and majestrates can do, but which your own
security force is not legally empowered to do, at least outside the
perimeter.  Your counsel in Maharashtra can tell you what are the legalities
of your own security force using force to protect your property.  Based on
that, you can take the appropriate steps to deploy your own security force.

In the vast majority of cases, these kinds of demonstrations are contained
without much problem.  Very occasionally, they do get out of hand--and one
has to be ready for that.

Hope this helps,

Phil Jones, Ph.D.
Deodar Associates, Inc.


Summary Risk Data as of 11/26/2001

Active Financial Deals	     83
Active Physical Positions	     38
P&L  Daily ($thousands)	    69.7
VaR ($thousands)	   147.9

ETS Margin Account Deals	      0

Physical deals modeled in the Caminus Zainet system are deals which have some form of price risk, (i.e. Index to index deals, and anticipated fuel sales) This does not include standard transport or storage agreements.

P&L  Daily:   Daily change in the  mark-to-market (MTM) valuation of all deals being tracked in the Caminus Zainet system.  This includes the origination and changes in value for both the physical and financial sides of hedges, along with any speculative trades and floating unhedged physical positions.

VaR is "Value at Risk":  Enron Corp policy defines this as the maximum expected one day loss on the portfolio given a 95% statistical confidence interval.  This number is currently calculated on the Caminus system using a variance covariance methodology, rather than a Monte Carlo simulation per the Enron Corp policy.

More detailed reports are available from the Caminus Zainet risk management system.  Please call Vince Strohmeyer at 713.853.6701 with any questions you may have.


Hi Janelle, Here is a sample confirm for NYPA.  Let me know if you want me to
change anything on the confirm.

Thanks,
Melissa
3-1886


Please note that the EnronOnline Phase 2 training sessions scheduled for
Wednesday and Thursday of this week have been rescheduled to ensure that the
training sessions include both the new website and the new Stack Manager
functionality for Price Limit Orders.

The rescheduled dates are as follows:

Houston

Session 1 - Tuesday, Sept. 5 3:00 EB568.
Session 2 - Thursday, Sept. 7 4:00 EB568

All Other Offices

Please contact Tammie Schoppe at 713 853 4220 to book a session. Note that
sessions for European traders will be announced separately.

If you have any questions about the above, please contact Dave Samuels at 713
853 6931 or myself at 713 853 1861.


I'm still looking for that list of approved European countries for online
trading.  Any word...?


Why do you keep changing your e-mail address?

How were your first few days back at school?  You haven't burned down your
home making class, have you?  Anyway, hope you have fun this weekend.

Adios,

D


Drew,

Here is Agave for June.  I also made a change to May.  I was calculating the
differential off of the wrong location index.

DG


Giants +6
Carolina +7 1/2
Cinci -4
Denver +1 1/2
Tease Pitt +9 under 48 1/2
Seattle Pickm
Phil +3
SF -2 1/2
Indi-jets over 44
Jack -14 1/2

All 250

I have the balance at work.


----- Forwarded by Dan J Hyvl/HOU/ECT on 04/06/2001 02:02 PM -----

	Marcus Nettelton@ENRON
	03/21/2001 04:01 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Gas Supply Contract

Dan

Further to our earlier conversation the following is the name of the
counterparty who will be buying the gas: PSEG Energy Resources & Trade LLC

Marcus


FYI


Commenting on his general perception of the settlement conference, the Chief
Judge, in his down home manner, did not miss the opportunity to say that &you
can take a horse to water but you can't make him drink.8  Below is a Cliff
Notes version of the Judge,s report and recommendation issued at 4:49 PM
today.  Attached is the complete work.

The Judge opined that very large refunds would be due- &While the amount of
such refunds is not $8.9 billion as claimed by the State of California, they
do amount to hundreds of millions of dollars, probably more than a billion
dollars in an aggregate sum.  (At the same time, while there are vast sums
due for overcharges, there are even larger amounts owed to energy sellers by
the CAISO, the investor owned utilities, and the State of California.  Can a
cash refund be required where a much larger amount is due the seller?  The
Chief Judge thinks not.8  Another notable quote:  &(it is the opinion of the
Chief Judge that the amount claimed by the State of California has not and
cannot be substantiated.8

The Judge noted that he submitted a proposal of his own on July 5, which was
summarily rejected by the State of California, and that the five separate
offers of the various industry groups to settle with California were also
rejected.

Refund Effective Date- Refund effective date of October 2, 2000, for sales in
the spot markets of the CAISO and the Cal PX.  The Chief Judge,s
recommendations do not go beyond that date.  "Spot market" sales are "sales
that are 24 hours or less and that are entered into the day of or day prior
to delivery."

Evidentiary Hearing- &The differences between what the State of California
believes the buyers in the California markets are owed in refunds and what
the sellers in the California market believe should be refunded raise
material issues of fact. The appropriate numbers to calculate potential
refunds involve factual disputes.  Thus, the Chief Judge recommends that a
trial-type, evidentiary hearing be ordered limited to a factual record to
apply to the methodology set forth below.  Because of the urgent need for an
answer to the refund issues that hearing should be on a 60-day fast track
schedule.  It is important that a single methodology be adopted for
calculating potential refunds in this proceeding.  However, such a
methodology may not be appropriate for all sellers in the CAISO's and Cal
PX's spot markets in an after-the-fact refund calculation.    In any event,
sellers not using the methodology should bear the burden of demonstrating
that their costs exceeded the results of the methodology recommended herein
over the entire refund period.8

Methodology- The Chief Judge recommends that the methodology set forth in the
June 19th Order be used with the modifications discussed below in order to
calculate any potential refunds that may be due to customers in the CAISO's
and Cal PX's spot energy and ancillary service markets for the period October
2, 2000 through May 28, 2001.

Heat Rate- The actual heat rates, rather than hypothetical heat rates
(associated with recreating the must-bid requirement of the June 19th Order)
provide the first step in calculating the cost of the marginal unit.

Gas Cost-  The gas costs associated with the marginal unit should be based
upon a daily spot gas price.  &In the event that the marginal unit is located
in NP15 (North of Path 15), the daily spot gas price for PG&E Citygate and
Malin should be averaged with the resulting gas price multiplied by the
marginal unit's heat rate to calculate a clearing price for that hour.  If
the marginal unit is located in SP15 (South of Path 15), the daily spot gas
price for Southern California Gas large packages should be multiplied by the
marginal unit's heat rate to calculate a clearing price for that hour.  The
daily spot gas prices should be for the "midpoint" as published in Financial
Times Energy's "Gas Daily" publication for the aforementioned delivery
points.  The last published gas prices should be used in calculating the
refund price for the days that Gas Daily is not published (weekends and
holidays).8

O&M Adder-  An adder of $6/MWh for O&M should also be included with the
calculated market clearing price.

Emissions Costs- Demonstrable emission costs should be excluded from the
market clearing price and treated as an additional expense that sellers may
subtract from their respective refund calculation.

Credit Adder- The 10 percent adder should be included in the market clearing
price for all transactions that occurred after January 5, 2001 when PG&E and
SoCal Edison were deemed no longer creditworthy.

Ancillary Services-  Consistent with the June 19th Order, ancillary service
prices would be capped at the market clearing price established in the
real-time imbalance energy market.  Adjustment bids would also be treated the
same as set forth in the June 19th Order.

Maximum Price for Non-Emergency Hours- Somewhat unclear.  The Chief Judge
recommends that for purposes of recreating a competitive market for
calculating refunds, the refund methodology should deviate from the 85%
non-emergency requirement of the June 19th Order.  To measure the amount that
actual prices may have exceeded the refund price, every hour should be
recalculated.

Offsets-  &Recalculating the hourly competitive price for purposes of a
refund calculation would also permit the Cal PX and CAISO to resettle all
charges for the refund period.  Amounts owed to sellers and outstanding
amounts due from buyers would be recalculated.  Any refunds could then be
offset against accurate amounts receivable without sellers netting out any of
their purchases from the CAISO and Cal PX during the refund period.8

Interest-  Interest should not be charged against any refund amounts unless
the refund amount exceeds the amounts that are past due to the seller.


-----Original Message-----
From:  Todd Ross   On Behalf Of Todd Ross
Sent: Tuesday, January 16, 2001 3:14 PM
To: Joe Darensbourg; Jesse Escobedo; Mary L Martinez; Robert Wingenter;
Mauricio Ortiz; Mark Medwebeff; Carlos Salvatierra; Sabrina McLaughlin;
Mauricio Trejo; Daiquiri Lucas
Cc: Thao Nguyen
Subject:

Hello Everyone,

Here is Dec's pivot table.

Todd


Effective immediately, I am pleased to announce a realignment of
Administrative support for the Gas Logistics, Unify and Electronic
   Commerce Groups.  We have officially hired Brandee Jackson as a new member
of our Admin Team, enabling us to provide
   more hands on support across all of our groups.

   That being said, our administrative support responsibilities are as
follows:

   Heather Choate  Alex Saldana      Brandee Jackson
   Bob Hall   Central Gas Logistics - George Smith   West Gas Logistics -
Randy Gay
   Bob Superty   NorthEast Gas Logistics  - Victor LaMadrid  Texas Gas
Logistics - Pat Clynes/Daren Farmer
   Kathryn Bussell  SouthEast Gas Logisitcs - Ed Terry   Electronic Commerce
- Donna Greif
        Diane Cook      Unify - Donna Greif

  This realignment will enable the assistants to provide more comprehensive
and responsive support for both the day to day
  business needs and special projects.  Please remember that your assistant
is your primary support person!  Please utilize
  her for all of your administrative needs.  This is critical to the overall
desire to provide the most effective service and cost
  efficient support for the entire team.

  Alex and Brandee will back each other up in their absences and will back me
up in my absence.  I will provide Alex and Brandee
  support on an as needed basis.

  Please call me if you have any questions about this new alignment.

  Thank you,
  Heather Choate, x33278


Attached for your further handling is the confirm and GTC for the EEX E&P Company purchase by ENA Upstream.  Note that we need to have them sign the confirm, so we will need two executed originals.  Let me know if you have any questions.


I will be out of the office until July 11th.  Should you need assistance please contact one of the following:

  Jeff Hodge
  Stacy Dickson
  Gerald Nemec

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


Ginger:
I was referred to you by Kay Chapman.  I have not received my W-2 Form.  Are
you able to print out a duplicate ASAP.  I can come and pick it up when it is
ready.  Thanks for your help.
Ben Rogers
3-7998


waiting for Janey to get back from downstairs

 -----Original Message-----
From: 	Foster, Chris H.
Sent:	Friday, June 01, 2001 10:32 AM
To:	Ward, Kim S.
Cc:	Hyvl, Dan
Subject:

 << File: hyvl.doc >>


Leslie,
Can you confirm that Edison Mission Marketing & Trading Inc. can trade US East power?

Thanks.


----- Forwarded by Tana Jones/HOU/ECT on 05/03/2000 02:01 PM -----

	"Bolan, Kathy" <kathy.bolan@et.pge.com>
	05/02/2000 03:23 PM

		 To: "'tana.jones@enron.com'" <tana.jones@enron.com>
		 cc:
		 Subject: Transaction information

here's a copy of the deal information.  I left a message with Bob Bowen as
the deal he added appears to be an Enron Canada deal.  The Enron
confirmation that was executed stated the counterparty as Enron Canada.  Our
lawyer is looking at the Assignment agrement.

 <<transact.doc>>

Kathy Bolan
Contracts Manager
PG&E Energy Trading, Canada Corporation
Phone: (403)261-3379  Fax: (403)262-8867
E-mail:  kathy.bolan@et.pge.com

PG&E Energy Trading and any other company referenced herein which uses the
PG&E name or logo are not the same company as Pacific Gas and Electric
Company, the California utility.  These companies are not regulated by the
California Public Utilities Commission, and customers do not have to buy
products from these companies in order to continue to receive quality
regulated services from the utility.
 - transact.doc


Mara:

Got your voice mail and wanted to let you know that Cheryl Nelson  will be
handling this file.  Cheryl will give you a call.  Sara

ps  Her phone number is 713-345-4693

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Mara_Alexander@cargill.com
	12/12/2000 09:35 AM

		 To: sara.shackleton@enron.com
		 cc:
		 Subject: ISDA Master Agreement between Enron North America Corp. and
Cargill, Incorporated

Dear Sara,

Attached please find our response to the draft Amendment to the CSA
for the above-referenced Agreement.  You will note that I have added
some additional language which our Legal Dept. prefers to include in
Amendments, which I trust will be acceptable to you as well.  As
mentioned briefly over the telephone the other day, I have also
incorporated some changes with respect to Letter of Credit provisions.

The changes to the LC terms are those which our Credit Department is
requiring as a result of a review of Cargill's LC language.  The main
issue is that an LC issued as collateral can no longer be transferable.
I note from the file on our ISDA negotiations that Enron may have
preferred transferability in order to be able to transfer an LC to
its Affiliates.  If this is still the case, we can certainly discuss
options which may specify and limit transferability accordingly.

I look forward to your response at your earliest opportunity.

Regards,
Mara Alexander
Sr. Documentation Analyst
Cargill, Incorporated
Tel: 952.984.3417
Fax: 952.984.3872
e-mail: Mara_Alexander@Cargill.com

 - 31409_Amnd_CSA.doc


Please ignor my previous mail regarding the same issue, which contains some
typos.

Greg and John,

I found that by reducing the volume per trade and increasing daily number of
trades ( keeping the
total volume per day constant), we can be more profitable.  This is partially
because in a trending market
we lose less money by following the market more closely. For example, suppose
market move from
$30 to $35. If per trade volume is 10,000 BBL and the half bid-offer spread
is $1 for simplicity, we take 5
 trades of short positions, the total MTM for that day is
(-5-4-3-2-1)*10,000=-$150,000 and total trading
volume is 50,000 BBL short.  If per trade volume is 50,000 BBL, we take one
trade, the total MTM is
-5*50,000= -$250,000.   Thus the net difference between the two trading
strategies is $10,000 for that
particular day.

Therefore it seems that by reducing per trade volume and increasing the
number of trades, we can be more
profitable as a market maker.

I rerun a scenario that Stinson sent to you on Dec. 27 where he used per
trade volume of 30,000 BBL.
I reduce the number of trade to 10,000 while increasing the number of trades
by factor of 3.  Almost in all
cases, I saw increased profitability.  See the colume marked "Change" for
dollar amount change in millions.

Please let Stinson or me know your thoughts on this.

Regards,

Zimin Lu

x36388

As compared to


damn bitch.  just let me know when.


CALENDAR ENTRY:	APPOINTMENT

Description:
	John Buchanan - Oncall

Date:		10/27/2001
Time:		7:00 AM - 7:55 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


PLEASE DELETE IF NOT IN STEVE GREEN'S BUSINESS LAW CLASS.

Here's a message from Steve Green:

The lectures, readings and homework reflected in the syllabus for October
>3 and
>  October 10 have been switched.  For our purposes October 3 is now
October 10
>and vice versa.


?
?
?
?
?
?
?
?
Hi all, Merry Christmas.? I've had several  requests for the SHS email list.?
I'm not really very good at this computer  stuff.? The only way I could
figure out how to send?the addresses to  all that have requested them is to
send this little message?with?the  addresses attached.? I'm sure there is a
more "techie" and acceptable way  but...I am blonde now you know.? Once
again, Merry Christmas, Happy New  Year and most of all, God bless you richly
with wonderful friends, family and  His peace.? Love to you all...Diane
 - Holiday Letter Bkgrd.gif


Start Date: 10/17/01; HourAhead hour: 23;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101723.txt

Error retrieving HourAhead price data - process continuing...


---------------------- Forwarded by Nelson Ferries/Corp/Enron on 11/30/2000
09:40 AM ---------------------------

smccracken@colcnr.com on 11/27/2000 03:25:25 PM
To: Alvin.thompson@enron.com, Sabra.L.Dinari@enron.com
cc: Nelson.Ferries@enron.com

Subject: Dec. 00 Estimate

(See attached file: December 2000 Projection.doc)

 - December 2000 Projection.doc


Salomon makes a negative call on chips; ENTU (Entrust Technologies) CA*
(Computer Associates) and BMCS* (BMC Software) miss big and oh yes lets not
forget the post-holiday reverberations of ORCL's (Oracle) # 2 man stepping
down - it wasn't pretty in tech. Is it any wonder the Nasdaq was never in
the green and closed down over 125? In listed-land it was Saudi Arabia
threatening to sink oil prices vs. some buoyancy in the financials and drugs
- and the bears won with the Dow Industrials closing down 77. In tech - ENTU
down over 50%, ORCL down almost 9%, AMAT (Applied Materials) AMD (Advanced
Micro Devices) NSM (National Semiconductor) down 10% or more, VTSS (Vitesse
Semiconductor) MU (Micron Technologies) TXN (Texas Instruments) down over
6%, LU* (Lucent Technologies) CSCO (Cisco Systems) SUNW (Sun Microsystems)
GE (General Electric) YHOO (Yahoo) all down over 4%, RHAT (Red Hat Inc) down
7% - a couple of bright spots (but only a couple) AOL (America Online) up
over 2 1/2% and T (AT&T) up over 3%. The oils and the drillers were a drag -
BPA (BP Amoco PLC) and APA (Apache Corp) down 7%, TX (Texaco Inc) CHV
(Chevron Corp) and SLB (Schlumberger Inc) down over 4%, XOM (Exxon Mobile)
down 3%, BHI (Baker Hughes Inc.) down 6% meanwhile IMNX (Immunex Corp) BGEN
(Biogen) LLY (Ely Lilly) all up 4%, AMG (Affliated Mangers Group) up 7%, BMY
(Bristol Myers Squibb) up 2% and the financials - WFC (Wells Fargo) GS
(Goldman Sachs Group) C (Citigroup) all up 1%, MER (Merrill Lynch) MWD (MS
Dean Witter) ONE (Bank One Corp) ALL (Allstate Corp) all up 2%.... In the
CEUT Universe the stories of the day were BMCS* and CA* - both down 40%
after negative pre-announcements - CA* announced first and Paul Rodriguez
attributed the miss to three factors - Europe, mainframe slowness and not
closing two deals; BMCS* followed - the street did not react positively to
their morning call. Karl Motey's space was hit due to the Saloman call -
PMCS* (PMC Sierra Corp) KOPN+ (Kopin) down 8, TLCM* (Telecom Semiconductors)
PSEM* (Pericom Semiconductors) down 9, SSTI* (Silicon Storage) down almost
15... JDSU (JDS Uniphase) down over 9... IMAN (Imanage Inc) down 8%....
PROX* (Proxim) down over 5... VRTS* (Veritas Software) down over 4 1/2,
MUSE* (Micromuse) up over 3 1/2.... SPOT* (Panam Sat) down over 2.... JBL*
(Jabil Circuit) down over 2.... COVD* (Covad) up over 1.... after the close
RDCM+ (Radcom) pre-announced negatively.

FBI questioning Japan's NTT purchase of US ISP Verio - security concerns -
how can we bug?

Datek - taking limit orders in decimals.

Lernout and Hauspie - down 16% - questions about concentration of revenues.

AmericasMart.com - retailer of furnishings - UPS offering credit cards and
unsecured lines of credit to customers.

AOL - stake in SpeechWorks - maker of voice recong. software - phone access
to net becoming more vital.

Edgewater Tech - formally StaffMark - dumping temp staff business to be
e-commerce consulting firm.

Alcatel - buys private maker of optical components (Innovative Fibers of
Canada).

Ionics EMS - $1Billion disk drive order from Philips.

Sanyo - mobile phone/audio player (developed by consortium featuring Fujitsu
and Hitachi).

Comverse Tech. - buys Israeli wireless infrast. firm Exalink.

Carrefour (huge French retailer) and BNP-Paribas - online financial services
via retailers web portal.

Cable and Wireless - $30 million to Euro net incubator Gorilla Park.

Swissair - CEO quits for net start-up.

Brit T - aggressive WAP ad push - not paying off - consumers aren't buying.

Japan's NEC - planning NYSE listing.

WSJ - overview of sites targeting Latin American women.

NY Times - online phone calls catching on.

Waterpark in Denver - kids wear electronic wristwatch tracking device so
parents can locate them at all times.

Buy.com , Staples and eZimba - victims of electronic fraud - hackers use
gift certificates to get free merchandise.

Hotwire.com - coming in Sept. - discounted last minute empty airline seats -
watch out Priceline (not to be confused with airline backed Orbitz site).

iFilm - layoffs.

3i Networks - Java based ap service provider - for e-commerce - $1 million
first round.

Dept. of Agriculture - have invented Plumcots - cross between apricot and
plum.

petersons.com/private/ - site for info on private schools.

Mossberg of WSJ - review of Omnisky "wireless web" - has potential but not
really here yet.

Global Quest Network - hear 15 second ad - place call for free -available in
Dallas/Ft. Worth.

Dell - drops NextMonet.com (art sales site) from intranet - doesn't like
nude pictures.

INTC - settles patent suit vs. Via Tech.

HWP - 5% sake in Novadigm - intergrate their management soft. into HWP's
solution.

WorldSpy.com - free ISP - goes under.

Norway's Opera Soft. - develops browser for Psion's OS.

DSTM - profit warning.

Ibidlive - auctioning .tv domain names on web and TV.

WSJ Heard - analysis of CA debacle.

alteregonet.com - soft. to unify format of wireless content without regard
to device.

BMET - 3 for 2.

onlineconservatory.com - musicians can jam with their friends online.

CIBC - intiates RIMM* with a buy. (trading up in pre-market).

Orange - buys Brit. news site Ananova (and animated news anchor)

European Parl. - angry about American eavesdropping - say it's for corporate
espionage.

C.E. Unterberg Towbin's Paul Rodriguez - on CNN yesterday commenting on his
space.

C.E. Unterberg Towbin - INIT marketing in NY.

The information contained herein is obtained from sources we believe to be
reliable but its accuracy and completeness, and that of the opinions based
thereon, are not guaranteed. C.E. Unterberg Towbin, or one or more of its
partners, may have a position in any of the securities discussed herein. All
rights reserved by C.E. Unterberg Towbin. May not be reproduced in whole or
in part without prior written authorization. This report is not an offer to
sell or solicitation of an offer to buy the securities mentioned herein.
*C.E. Unterberg Towbin makes a market in this security and/or has analyst
coverage.
+C.E. Unterberg Towbin makes a market in this security and has been involved
in a recent financing.
_____________________________
Bram Towbin
C.E. Unterberg Towbin
10 East 50th Street
New York NY 10022

Telephone: 212 572 8163
Fax: 212 759 4032
Btowbin@unterberg.com
www.unterberg.com

----------------------------------------------------------------
Pursuant to SEC and NASD requirements, all incoming and outgoing e-mail of
C.E. Unterberg, Towbin is subject to review by the Compliance Department.

Please note that C.E. Unterberg, Towbin does not allow the use of e-mail to
request, authorize or  effect the purchase or sale of any security, to send
fund transfer instructions, or to effect any other transactions.  Any such
request, orders or instructions that you send will not be accepted and will
not be processed.

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


As you are aware, Enron signed an agreement with Blockbuster Inc. last summer
to launch an entertainment on-demand service.  We announced today that we are
discontinuing our exclusive relationship with Blockbuster in order to expand
the offering by developing direct relationships with content providers and
distribution partners.

We have made tremendous progress toward our goal of becoming the leading
provider of entertainment on-demand over a digital platform.  We rolled out
the trial service in Seattle, Portland, Salt Lake City and New York in
December, and today subscribers are buying movies on-demand using the service
we created.

However, the exclusive relationship with Blockbuster has not yielded the
quantity and quality of movies needed to drive demand for this exciting, new
on-demand service.  Now that we have proven the concept, we want to take our
service to the next level by adding content and subscribers on an accelerated
basis.  We feel that this can be best achieved by pursuing entertainment
on-demand independently.

We intend to initiate discussions with various content providers for
delivering their content over the Enron platform.  We remain very positive
about the potential of this business for EBS and Enron and will keep you
apprised of our progress.


Member Services
Notice No. 01-38
June 1, 2001

COMMODITY EXCHANGE, INC.

REINSTATEMENT OF TRADING PRIVILEGES

Please be advised that effective immediately, June 1, 2001, Michael Carboni
(OSCR-7512) will reinstate his trading privileges as a member guaranteed by
FC Stone, LLC.

SWITCH OF GUARANTEE

Please be advised that effective immediately, June 1, 2001, Thomas Stuart
(STEW-7972) will no longer be guaranteed by Spear, Leeds & Kellogg.  However,
Mr. Stuart will remain a member guaranteed by Pioneer Futures, Inc.

In connection therewith, notification of any claims against the
aforementioned individual arising out of transactions executed on the
Exchange up to the close of business on June 1, 2001, must be submitted to
the Corporate Secretary's Office within ten (10) days.

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

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(MS-38)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Sorry to hear this - I have generally shared my materials with colleagues

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Thursday, March 22, 2001 6:21 AM
To: macmilli@wharton.upenn.edu
Cc: Vince.J.Kaminski@enron.com
Subject: RE: Lawyer

Ian,

Sorry for a delay in responding to you.
I am currently in London, flying back to Houston tomorrow.

The problem is not  with the lawyers. We worked on our presentation
materials together with a professor from another university
and we agreed to use these materials only internally.

We have to honor our commitment to him. I am sure
that this is exactly what you would have expected from us if we had
made a similar commitment to you.

Vince

"MacMillan, Ian" <macmilli@wharton.upenn.edu> on 03/21/2001 04:31:27 PM

To:   "'Vince.J.Kaminski@enron.com '" <Vince.J.Kaminski@enron.com>
cc:
Subject:  RE: Lawyer

 What do I need to do to move this thing forward?
I suspect that the problem is basically with the lawyers.  They only know
how to stop things, but in a way they play a role in global society.  If it
were not for the handicaps they lay on us the rest of the world would never
have a chance.

-----Original Message-----
From: Vince.J.Kaminski@enron.com
To: macmilli@wharton.upenn.edu
Cc: Vince.J.Kaminski@enron.com
Sent: 3/8/01 12:12 PM
Subject: Re: Lawyer

Ian,

Sorry for a delay in getting back to you.
I have one challenge I did not anticipate
when I talked to you  the first time about our Real Options
internal seminar.

The materials were prepared in collaboration with a professor
from another school, and there is some  sensitivity regarding
the intellectual property rights and the ability to distribute the
materials
outside Enron.

Please, give me some time to find out if I can work
around this issue.

Vince

"MacMillan, Ian" <macmilli@wharton.upenn.edu> on 03/07/2001 06:46:28 AM

To:   "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject:  Lawyer

I still have not heard from your lawyer.  I would like to see whar
materials you are using and assess how we could work on the topic of
real
options with Enron


474520 - Should not be $210. Actually, Bob just changed the deal to $307, so
it was in wrong, but he said Prebon's price is totally off.

474593 - Again, we had the price wrong, but so did Prebon. Mallory just
changed it to $210.

These last two deals are in now - 474604 and 474605.

Thanks,
Kate

Evelyn Metoyer@ENRON
12/05/2000 02:29 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 12/5/00 errors

deal 474520
Bob Badeer
Prebon shows price as $210.00

deal 474593
Chris Mallory
Prebon shows price as $200

I am missing the following deals for Chris Mallory through Prebon:

Buy Dynegy 25 mw Bal of Dec  Palo Verde at $435
Sell Dynegy 25 mw Bal of Dec SP-15 at $420


I'll keep in touch!

From: Suzanne Adams@ECT on 08/16/2000 02:45 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Travel

That is so kind of them considering the last minute notice.  It's probably
easier to do them all at one time anyway.  Are you coming into the office on
Friday.  Will you get your tickets before you leave this afternoon.  I guess
you don't need them though.

I went out to lunch and it's so hot outside.  I'm just now cooling off after
about 3 big jugs of water.  Of course it's running right through me.

Let me know if you need me to do anything.

	Kay Mann@ENRON
	08/16/2000 02:19 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Travel

I'm flying to somewhere (probably DC) tonight, returning on Friday.  Ozzie is
making the travel arrangements, so you don't need to do anything.  I'll let
you know what else I find out.

Thanks,

Kay


texex@texas.net
10/31/2001 11:59 AM

 To: fauex@msn.com, lturberville@yahoo.com, doncoston@yahoo.com, hardrocksa@yahoo.com, ricZ71Chevy@aol.com, LSR51@aol.com, jbrewer@leathercenter.com, RHBARRMD@aol.com, hemofdhi@pixi.com
 cc:
 bcc:
 Subject: Zen quotations

Zen Quotations:
1. Do not walk behind me, for I may not lead.
..........Do not walk ahead of me, for I may not
..........follow. Do not walk beside me, either.
.........Just leave me the hell alone.

2. The journey of a thousand miles begins with
..........a broken fan belt and a leaky tire.

3. It's always darkest before dawn, so if you're
..........going to steal your neighbor's newspaper,
..........that's the time to do it.

4. Sex is like air. It's not important unless you
..........aren't getting any.

5. Don't be irreplaceable. If you can't be replaced,
..........you can't be promoted.

6. Always remember you're unique.
..........Just like everyone else.

7. Never test the depth of the water with both feet.

8. It may be that your sole purpose in life is simply
..........to serve as a bad example.

9. It is far more impressive when others discover
..........your good qualities without your help.

10. If you think nobody cares if you're alive, try
..........missing a couple of car payments.

11. Before you criticize someone, you should walk
..........a mile in their shoes. That way, when you
..........criticize them, you're a mile away and you
..........have their shoes.

12. If at first you don't succeed,
..........skydiving is not for you.

13. Give a man a fish and he will eat for a day.
..........Teach him how to fish and he will sit in a
..........boat & drink beer all day.

14. If you lend someone $20 and never see that person
again,
..........it was probably worth it.

15. Don't squat with your spurs on.

16. If you tell the truth, you don't have to
..........remember anything.

17. If you drink, don't park
..........accidents cause people.

18. Some days you are the bug, some days you
..........are the windshield.

19. Don't worry, it only seems kinky the first time.

20. Good judgment comes from bad experience,
..........and a lot of that comes from bad judgment.

21. The quickest way to double your money is to
..........fold it in half and put it in your pocket.

22. Timing has an awful lot to do with the outcome
..........of a rain dance.

23. A closed mouth gathers no foot.

24. Duct tape is like the Force. It has a light side &
..........a dark side, and it holds the universe
           together.

25. There are two theories to arguing with women.
..........Neither one works.

26. Generally speaking, you aren't learning much
..........when your mouth is moving.

27. Experience is something you don't get until
..........just after you need it.

28. Never miss a good chance to shut up.

29. We are born naked, wet, and hungry.
..........Then things get worse


The ET&S Omaha network will be down from 8:00 pm to 12:00 midnight,  Tuesday,
November 28, 2000 for our monthly scheduled maintenance window.

If for any reason this maintenance window is longer than the estimated 4
hours we will update the Help Desk voicemail (x7454 or 87-7454) with the new
estimated time of availability.

If you have any questions, issues or concerns with this scheduled outage
please contact Jean McFarland at x7173 or via pager at 1-877-506-6529.

ET&S Omaha Helpdesk -- x7454 or 87-7454


Michelle thanks, from the logistics point of view I would recommend to do Guatemala,fly to Nicaragua as it's a short 30 min. flight.
From there Panama City is about 1hr.15min.
The next  jump would be  to Venezuela where VENGAS and ACCRO (30 min from Caracas) where you could do a direct flight home back to Houston.
That would be my recommendation.
I will be checking with Guatemala on the  November date.
Rgds, Teo

From:	Michelle Blaine/ENRON@enronXgate on 10/22/2001 06:47 PM
To:	Teobaldo Camejo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephanie Truss/ENRON@enronXgate
cc:	Richard B Sanders/Enron@enronXgate

Subject:	RE: Guatemals-FCPA

I'm thinking the week of November 5-7 because I thought I would be in Toronto and now I don't have to go.  I'd like to do Guatemala, Nicaragua, Panama and Venezuela in one big trip.  Help me with logistics here.  I know there are a couple of places in Venezuela, but where else did you need me and are we trying to combine any of these offices?

 -----Original Message-----
From: 	Camejo, Teobaldo
Sent:	Monday, October 22, 2001 6:28 PM
To:	Truss, Stephanie; Blaine, Michelle
Subject:	RE: Guatemals-FCPA

Any news on possible dates?
Let me know please.
Rgds, Teo


Hi guys,

Sorry my phone number has been changed. It is now 212-429-2345.

Thanks,

Jeff

> -----Original Message-----
> From: Lenamon, Jeffrey
> Sent: Thursday, February 08, 2001 15:27
> To: 'don.baughman@enron.com'; 'hellokaren@aol.com'; 'hellorick@aol.com';
> 'jahill@hsutx.edu'; 'jake73@airmail.net'; 'jeffrey.wilner@creditrade.com';
> 'Joel.Bennett@zf-group.de'; 'kylecanon@hotmail.com'; 'mamza@att.net';
> 'mary.hou@gs.com'; 'mkt_rle@shsu.edu'; 'pamara.sakovska@gs.com';
> 'peter.crosbie@kmv.com'; 'richard.skora@skora.com'; 'tim.kasta@kmv.com';
> 'tmoritz.bus@hsutx.edu'; 'tom.lasersohn@gs.com'; 'uyarra@un.org';
> 'wcurtis@hsutx.edu'; 'apios@attglobal.net';
> 'loretta.hennessey@us.cibc.com'; 'steve.bennett@us.cibc.com';
> 'michael.aglialoro@us.cibc.com'; 'edwin.ordonez@us.cibc.com';
> 'sal.vicarisi@us.cibc.com'; 'joseph.scarfuto@us.cibc.com';
> 'steve.damiani@us.cibc.com'; 'michael.joyce@us.cibc.com';
> 'renda.wan@us.cibc.com'; 'maharukh.sorabji@us.cibc.com';
> 'robert.hou@us.cibc.com'; 'george.knight@us.cibc.com';
> 'hank.sandlass@us.cibc.com'; 'deryck.wager@us.cibc.com';
> 'sherry.greco@us.cibc.com'; 'joseph.l.nardi@wellsfargo.com';
> 'joseph.l.nardi@norwest.com'; 'maria.sherry@us.cibc.com';
> 'jennifer.delcambre@bankunited.com'; 'jenniferdelcambre@bankunited.com';
> 'lars.hunsche@kmv.com'; 'bruce.c.wandersee@wellsfargo.com';
> 'bruce.c.wandersee@norwest.com'; 'greg.nudelman@cibc.ca';
> 'greg.nudelman@cibc.com'; 'kealhofer@kmv.com'; 'paul.colella@us.cibc.com'
> Subject: Hi All
>
>
> Just passing along my updated contact information. Hope all is going
> great, speak to you soon.
>
> Best regards,
>
> Jeff B. Lenamon
> Vice President
> Dresdner Kleinwort Wasserstein
> Credit & Counterparty Risk Mgmt
> 75 Wall Street, 33rd Floor
> New York, NY 10005
> Tel: 212-429-2118
> fax: 212-429-2018

If you have received this e-mail in error or wish to read our e-mail
disclaimer statement and monitoring policy, please refer to
http://www.drkw.com/disc/email/ or contact the sender.


I have a copy of the ISMA study if anyone wants one.  Do we have any idea
of why ISMA would do such a study?

LucianoSteve@intesabci.it on 11/06/2001 06:50:07 AM

To:   RPICKEL@isda.org
cc:   BOARD@isda.org, RAinslie@isda.org, esebton@isda-eur.org,
      rmetcalfe@isda-eur.org
Subject:  Re: ISMA study on derivatives use by governments

Today's FT (page 6 of the European edition) reports fully and faithfully
about
the debt management via swaps of the Italian Treasury, and about the Yen
transaction that was apparently singled out in the ISMA study. Eurostat has
always been aware of the transactions, that have been specifically
approved. I
attach a Bloomberg release on the issue. It is interesting that the ISMA
study
is no longer available on ISMA web site. Also, I don't see in today's news
any
trace of the press conference announced in the ISMA press release.

Luciano Steve

Robert Pickel wrote:

>  <<ISMA.pdf>> Attached is a copy of a press release from ISMA regarding a
> study that they are releasing regarding the use of derivatives by a
European
> government allegedly to facilitate its entry into EMU. This was reported
on
> in the newspapers today. We are checking on the nature of the study. Any
> information any of you can provide would be appreciated.
>
> Bob
>
>
------------------------------------------------------------------------
>                       Name: ISMA.pdf
>    ISMA.pdf           Type: Acrobat (application/pdf)
>                   Encoding: base64
>            Download Status: Not downloaded with message

                                                                Page 1  of
1
ANS 06:23 STATE AUDITOR OFFENDED OVER EMU ALLEGATIONS

R ECS BLG XQKH
STATE AUDITOR OFFENDED OVER EMU ALLEGATIONS

    (ANSA) - Rome, November 6 - Italy's State Auditor General
Andrea Monorchio today said he was "deeply offended" by
allegations in the foreign press that Italy had "juggled the
books" in order to qualify for European Monetary Union (EMU)at
the end of the 1990s.
     The allegations, appearing in Britain's Financial Times and
The Guardian, as well as the Wall Street Journal, involved
Italy's use of a currency swap to "disguise" the exact amount of
its deficit in order to meet the parameters to join the euro.
  According to Monorchio, these allegations were "mental
masturbation."
     Yesterday's press reports were based on a report by the
International Securities Market Association (ISMA), a
self-regulatory organization, and the Council on Foreign
Relations, an independent US-research group, in which a case was
outlined where a European country appeared to have used the
derivatives market to hide the exact size of its budget deficit.
     Although Italy was never named in the report, the FT said,
the report cited a case in which a 1995 bond issue was used in a
1997 currency swap aimed at temporarily reducing a country's
budget deficit. This example, the FT said, coincided exactly
with what happened with Italy's 1995 200 billion yen bond issue.
     Italy's qualification for EMU was orchestrated by
then-Premier Romano Prodi, now president of the European
Commission, and then-Treasury Minister Carlo Azeglio Ciampi,
Italy's current head of state.
     "I am deeply offended," Monorchio said on the sidelines of
a meeting here with the Industrialists Union, "I worked very
long and hard with Ciampi. We closed 1997 with a spending
deficit of 2.7% (of GDP) because the European Union would not
allow us to calculate nine trillion lire in revenue from the
sale of gold reserves. Otherwise our budget deficit would have
been, according to Eurostat, 2.4-2.5%."
     After recalling that the EU yesterday was quick to deny
that Italy had in any way juggled its books, Monorchio added
"Can anyone seriously imagine someone like President Ciampi
involved in such skulduggery?"
     "I myself am just a simple accountant and intend to remain
one," he concluded.

     FA
-0- Nov/06/2001 11:23 GMT

-----------------------------====================------------------------------

############################ END OF STORY 1  ##############################

This communication is for informational purposes only.  It is not intended as
an offer or solicitation for the purchase or sale of any financial instrument
or as an official confirmation of any transaction. All market prices, data
and other information are not warranted as to completeness or accuracy and
are subject to change without notice. Any comments or statements made herein
do not necessarily reflect those of J.P. Morgan Chase & Co., its
subsidiaries and affiliates.


Wicke,
Thanks for a prompt reply. I am not planning any particular trip to Houston
yet. For the time being, I am about to leave for London, and then Poland. I
will most likely be at the Olympics in Sydney in late September, and in NY
in early October. Mid-October could be the first realistic opportunity to
visit with Enron, although I am looking forward to seeing you sooner in Palo
Alto. I am simply curious whether and how we could leverage together core
competencies and connectivity that both our companies seem to have or are
developing.

I am Senior Vice President for Visa USA, responsible for strategy and
planning. I would probably bring with me (though I haven't discuss it yet)
people in charge of our network or/and our COO.
Best,
Andrzej

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Friday, August 18, 2000 6:24 AM
To: Lubowski, Andrzej
Cc: Vince.J.Kaminski@enron.com
Subject: Re: FW: Citi, Wells, Enron, S1 and i2 form a B2B venture

Andrzej,

Thanks. Please, send me the information about the dates
when you plan to visit Houston. Also, the information about
your position/title/responsibilities (as well as the info
about the other members of your team) would be useful.

I shall be in the Bay Area  between the 10th and the 20th of October.

Hope to see your then.

Wicek


In case you need to get a hold of me quickly and I am in a meeting, please call me on my cell phone (402-490-0647).  If you need to reach me at home my number is 402-496-2344


---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 03/29/2001
07:08 AM ---------------------------

"Endo, Steven" <sendo@ci.pasadena.ca.us> on 03/28/2001 07:11:35 PM
To: "Tori Kuykendall (E-mail)" <Tori.Kuykendall@enron.com>, "Suzanne
Christiansen (E-mail)" <Suzanne.Christiansen@enron.com>, "Jan Sutherland
(E-mail)" <Jan.Sutherland@enron.com;>, Kim.Ward@enron.com
cc:
Subject: April 2001 Nomination

All-

The total nomination for month of April 2001 is 10,506MMBtu per day.  This
includes:

1. 4,135MMBtu/day purchase from Engage @ Kingsgate (4,006MMBtu/day @ Malin);
2. 3,000MMBtu/day APEA gas;
3. 1,000MMBtu/day balance of year strip purchased on behalf of Azusa @
$7.71/MMBtu;
4. 2,000MMBtu/day under two separate fixed contracts of 1,000MMBtu/day each;
4. 500MMBtu/day March 2001 through Feb strip purchased @ $7.63;

Losses on the PG & E line have decreased from March 2001 to 3.12%.  We have
not sold any of the APEA gas (3,000MMBtu/day)at this time.

To review the phone conversation between Jan and me, we are planning to shut
down our last steam plant for maintenance from midnight March 30, 2001
through 1800 or so April 11, 2001.  Kim and I have arranged for Enron to
purchase the non-APEA gas during that period.  At this time, we believe that
the power plant will burn enough gas during the last 20 days of the month to
use the APEA gas.  If anything changes, I will notify you.

If you have any questions, please contact me.

Thanks.

-Steve