EnronOnline
Trade Counts and Volume for May 1, 2001

			EXTERNAL		INTERNAL		TOTAL
COUNTRY	COMMODITY	CATEGORY	COUNT	QTY	COUNT	QTY	COUNT	QTY	UNIT OF MEASURE
Belgium	Natural Gas	Physical	          5 	           40,000 	        -   	                   -   	          5 	           40,000 	MMBtu
Canada	Natural Gas	Financial	        12 	      7,920,000 	        17 	      3,984,000 	        29 	    11,904,000 	MMBtu
Canada	Natural Gas	Financial Option	          1 	      2,151,750 	        -   	                   -   	          1 	      2,151,750 	MMBtu
Canada	Natural Gas	Physical	      316 	      9,241,788 	        -   	                   -   	      316 	      9,241,788 	MMBtu
Canada	Power	Financial	          7 	             4,791 	        -   	                   -   	          7 	             4,791 	MWh (Canada)
Netherlands	Power	Physical	          1 	           14,892 	        -   	                   -   	          1 	           14,892 	MWh
United Kingdom	Crude	Financial	          7 	         250,000 	        -   	                   -   	          7 	         250,000 	Barrel
United Kingdom	LPG	Financial	          3 	           10,000 	        -   	                   -   	          3 	           10,000 	mt
United Kingdom	Metals	Financial	      392 	           16,175 	        24 	             1,250 	      416 	           17,425 	LME Registered mt Lot
United Kingdom	Natural Gas	Physical NBP	        94 	    18,861,780 	        -   	                   -   	        94 	    18,861,780 	MMBtu
United Kingdom	Natural Gas	Physical NBP Option	          1 	         920,000 	        -   	                   -   	          1 	         920,000 	MMBtu
United Kingdom	Oil Products	Financial	          9 	           22,500 	        -   	                   -   	          9 	           22,500 	IPE mt
United Kingdom	Power	Physical	        19 	      1,496,880 	        -   	                   -   	        19 	      1,496,880 	MWh
United Kingdom	Sea Freight	Financial	          2 	                  18 	        -   	                   -   	          2 	                  18 	Sea Freight lt Lot
USA	Bandwidth	Physical	          1 	                  12 	        -   	                   -   	          1 	                  12 	DSO miles
USA	Coal	Physical	        -   	                   -   	          1 	                  11 	          1 	                  11 	COAL-Tons/Barges/Mnth
USA	Crude	Financial	      170 	      8,270,000 	        97 	      4,225,000 	      267 	    12,495,000 	Barrel per month
USA	Crude	Financial Option	        -   	                   -   	        11 	         550,000 	        11 	         550,000 	Barrel per month
USA	Crude	Physical	          2 	         243,000 	        -   	                   -   	          2 	         243,000 	Barrel per day
USA	Gas Pipeline Capacity	Physical	          1 	           10,000 	        -   	                   -   	          1 	           10,000 	MMBtu
USA	LPG	Financial	          8 	         215,000 	        -   	                   -   	          8 	         215,000 	Gallon
USA	LPG	Physical	          1 	           10,000 	        -   	                   -   	          1 	           10,000 	Gallon
USA	Natural Gas	Financial	   1,276 	  483,941,403 	      649 	  260,588,917 	   1,925 	  744,530,320 	MMBTU
USA	Natural Gas	Financial Option	        25 	    24,000,000 	        16 	    16,000,000 	        41 	    40,000,000 	MMBTU
USA	Natural Gas	Physical	   2,231 	    24,924,497 	        53 	         663,003 	   2,284 	    25,587,500 	MMBTU
USA	Oil Products	Financial	        17 	         992,739 	        -   	                   -   	        17 	         992,739 	Barrel
USA	Paper	Physical	          1 	                  21 	        -   	                   -   	          1 	                  21 	Short Tons (+/- 5%)
USA	Petchems	Physical	          2 	           30,000 	        -   	                   -   	          2 	           30,000 	Gallon
USA	Power	Financial	      100 	         872,264 	        75 	         451,199 	      175 	      1,323,463 	MWh
USA	Power	Physical	      575 	      6,972,084 	      135 	      2,343,702 	      710 	      9,315,786 	MWh
USA	Rate and Currency	Financial	        -   	                   -   	          4 	      9,300,000 	          4 	      9,300,000 	EUR/1
USA	Rate and Currency	Financial	        -   	                   -   	          2 	         800,000 	          2 	         800,000 	GBP/1
USA	Rate and Currency	Financial	        -   	                   -   	          5 	         419,355 	          5 	         419,355 	USD/1
USA	Weather	Financial	          4 	                  12 	        -   	                   -   	          4 	                  12 	Cooling Degree Day
			   5,283 		   1,089 		   6,372


-----Original Message-----
From: 	Bushman, Teresa G.
Sent:	Friday, August 03, 2001 5:05 PM
To:	Josey, Scott; Keel, Allan; Thompson, C. John; Cash, Michelle; 'mhendrick@velaw.com'; 'rastin@velaw.com'
Subject:	List of Mariner Action Items

Please see the attached.

Teresa


The following is contact information for John Sheriff.

Email address:  LSherriff@BTinternet.com

Business and home number:  011-44-1732-832-807

Cell Number:  011-44-7811-4549-33


Attached are 250 and 300 MMcf/d cases to expand TW's mainline, Topock, and San Juan lateral.  These are + 30% costs but still based on the latest E&C estimate for Sun Devil.  If San Juan lateral is not expanded, then facility modifications and costs must be included for supplies to come from the east end which is not included in this study.

Keep in mind the cases including pipe loop used the smallest diameter pipe possible.  Therefore those cases can't be expanded above the 250/300 MMcf/d level easily.

If you have any questions, please call.


My understanding is that we have been cut for the 1st on HPL's transportation
to 8,000 MMBtu/d.

Therefore, we are reducing our nom for 5/1 and following to 40,800 MMbtu/d.

The redeliveries are as follows:

7,800 from Fuels Cotton Valley
8,000 into PG & E
25,000 to HPL's cartwheel agreement at Carthage

For DEFS' info, we will have 3,720 MMBtu/d available
at the tailgate of Carthage for sale.


Jan, please print these docs out for me.

Sara,  Pat is sending another case soon.  This is the main one. ----cgy

 -----Original Message-----
From:  "Pat Boylston" <pgboylston@stoel.com>@ENRON
Sent: Tuesday, June 05, 2001 2:04 PM
To: Yoder, Christian
Subject: Fwd: Westlaw Email

Christian, I believe the relevant Chemical Bank case is in the attached
e-mail.
Received: from pdx-navgate.stoel.com ([172.16.1.78]) by wpsmtp.stoel.com;
Thu, 17 May 2001 12:01:47 -0700
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for <pgboylston@stoel.com>; Thu, 17 May 2001 14:05:20 -0500
From: Westlaw@westgroup.com
Message-Id: <200105171905.OAA20558@lethbridge.westlaw.com>
To: pgboylston@stoel.com
Subject: Westlaw Email
Date: Thu, 17 May 2001 19:05:21 -0600-UT
Reply-to: Support@westgroup.com
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_4A10614D.3F5E2CB3"

(C) 2001 West Group. Copyright is not claimed as to any part of the original
work prepared by a U.S. government officer or employee as part of that
person's official duties. All rights reserved. Use of the Westlaw data
delivered to your e-mail address is governed by the Westlaw Subscriber
Agreement or such other agreement as may govern your use of Westlaw data .

 - Westlaw_Document_14_05_05_336.doc
 - Summary_14_05_04_336.doc


Grant,
 The only change of any significance that Anne requested is the deletion of
the words "and Enron confirms the nomination," that was previously in the
first line of the third paragraph under Other of the Spot Confirmation.
Please confirm if this deletion is okay.  If not, please let me know and I
will put the words back.  The other changes were form type and did not change
the document.  Please call me asap.


Please print and put in binder.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/02/2001 09:08
AM ---------------------------
From: Sheila Tweed@ECT on 12/27/2000 05:50 PM
To: Bob Carter/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Karen E
Jones/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Alan Larsen/PDX/ECT@ECT, Dale
Rasmussen/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT
cc: Mark E Haedicke/HOU/ECT@ECT

Subject: TurboPark

Attached are the execution copies of the Turbo Park documents that are
relevant to power plant equipment procurement and development.   I have asked
Finance to provide us with summaries of the relevant provisions since the
120+ page Participation Agreement, which is largely a loan agreement, is very
complex.  I will nevertheless attempt to summarize the "process" of getting
into and out of TurboPark.  In the meantime, please familiarize yourselves
with the documents.


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I wll be attending the meeting.
Thanks
Elizabeth Sager
Enron


Sara and John, I have been given your names by Susan Bailey.  Could you
please let me know the progress of this matter.  As you would be aware,
these documents have been outstanding for a considerable time.  We are
therefore anxious to finalise them as soon as possible.

Regards

Robert McRobbie
Financial Markets Documentation
Commonwealth Bank of Australia
Ph. +(612) 9312 0522
Fx. +(612) 9312 0106
McRobbro@cba.com.au <mailto:Mcrobbro@cba.com.au>

-----Original Message-----
From: Susan.Bailey@enron.com <mailto:Susan.Bailey@enron.com>
Sent: Saturday, February 17, 2001 1:39 AM
To: McRobbRo@cba.com.au <mailto:McRobbRo@cba.com.au>
Subject: RE: ISDA draft with ENA

Robert,

Please be advised,  I had forwarded your 1/16/2001 e-mailed comments on to
Sara Shackleton (Legal) & John Suttle (Credit) on 1/18/2001.  I have
prompted them again per your message of today.  If you do not hear anything
in the next few days, I suggest you contact either/or both Sara & John.
Their direct e-mail addresses are:
               Sara Shackleton                sara.shackleton@enron.com
<mailto:sara.shackleton@enron.com>

               John Suttle                    john.suttle@enron.com
<mailto:john.suttle@enron.com>

Hope this helps.
    Cordially,
    Susan S. Bailey
    Enron North America Corp.
    1400 Smith Street, Suite 3806A
    Houston, Texas 77002
    Phone: (713) 853-4737
    Fax: (713) 646-3490
    E:mail:  Susan.Bailey@enron.com
<mailto:Susan.Bailey@enron.com>

**********************************************************************
Commonwealth Bank of Australia (ABN 48 123 123 124)
**********************************************************************


They have a financing out in the letter agreement.  We have to use
commercially reasonable efforts to deliver GE consents, but I don't recall
anything about in other financing docs.

Is someone in the dept designated as the opinion reviewer?

Kay

From: Sheila Tweed@ECT on 04/06/2001 10:19 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Pegasus: ENA Consent and Legal Opinion

I guess I'm not sure I know what's in the letter agreement.  If it's a done
deal, I'd say no or at least maybe.  We only give due authority opinions and
we try to narrow our obligations to lenders under Consent Agreements

	Kay Mann@ENRON
	04/06/2001 09:15 AM

		 To: Sheila Tweed/HOU/ECT@ECT
		 cc:
		 Subject: Pegasus: ENA Consent and Legal Opinion

Nice touch, sending this the day after the letter agreement was signed.  Can
you enlighten me on the ENA procedures and sensitivities to these types of
docs?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/06/2001 09:14
AM ---------------------------

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/06/2001 09:07:25 AM
To: "Carolyn Campbell (E-mail)" <CCampbell@KSLAW.com>, "John Keffer (E-mail)"
<JKeffer@KSLAW.com>, "Kay Mann (E-mail)" <kay.mann@enron.com>, "Rick Vicens
(E-mail)" <rvicens@deltapower.com>, "Gregory F. Lang (E-mail)"
<gregorylang@paulhastings.com>
cc: "John Tisdale (E-mail)" <jtisdale@jhancock.com>, "Dan Revers (E-mail)"
<drevers@arclightcapital.com>, "Amy Weed (E-mail)" <aweed@jhancock.com>,
"BURKE, Ted (TDB)" <ted.burke@freshfields.com>

Subject: Pegasus: ENA Consent and Legal Opinion

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

We understand that the Letter Agreement is to be signed today, and attach
for your comments a form of ENA consent to collateral assignment of the
Letter Agreement and a form of legal opinion to be issued by in-house
counsel to ENA.  Both documents are conditions precedent to funding.

Kind regards
Isabel

 - NY003700425.DOC
 - NY003699617.DOC


Amanda K. Huble
Gas Fundamentals
Phone: (713) 853-4384
Pager: (877) 482-0772
Fax: (713) 646-8453


Attached is the fred file.  On the recon variances tab, please note the
liquidations coded in puke green, bright pink, blood red and blue.  These
items will resolve our variance within 60K.  We will take the 60K expense.
Please try and resolve those issues before close of 0201.  Let me know if you
get resistance or need help.  Thanks.
PL


I have told David Winn that January 23 seems to work best. Please note that date on the calendar.  Thank you.

 -----Original Message-----
From: 	"David Winn" <dwinn@swlegal.org>@ENRON
Sent:	Monday, November 19, 2001 7:08 PM
To:	Derrick Jr., James
Cc:	J. David Ellwanger
Subject:	Institute for Law and Technology Executive Committee meeting

Hi Jim,

Well, it's been quite a month!  I hope the dust is clearing for you a
little bit, at least.

The results of our email poll of Executive Committee members for our
inaugural meeting are as follows:

a)  Friday, January 11, 2002 -- all can make it except McNamara, Kryder
and (maybe) Green;

b)  Friday, January 18, 2002 -- all can make it except Kryder and
(maybe) Green;

c)  Wednesday, January 23, 2002 -- all can make it except (maybe) Green.

Shall we go ahead and nail down the meeting date and circulate it so the
folks can lock it in on their calendars?  What day do you choose?

Thank you so much for finding the time to manage this matter, as you
have, amid all the other matters on your plate.

David


Notice No. 00-397
November 16, 2000

TO:
All NYMEX Division Members and Member Firms
All NYMEX Division Clearing Firms
All NYMEX Division Operations Managers

FROM:
Neal Wolkoff, Executive Vice President

SUBJECT: Margin Rate Increase for Natural Gas
_________________________________________________

Effective Date: Friday, November 17, 2000 (close of business)

Futures Contract:  Henry Hub Natural Gas Futures

Contract Months: All Months

Rate Change:
NYMEX Division Margins on Henry Hub Natural Gas Futures Contracts

Effective Date: Friday, November 17, 2000 (close of business)

Clearing Member (Maintenance Margin): Old:  $4,200  New:  $5,500
Member Customer (Initial Margin): Old:  $4,620  New:  $6,050
Non-Member Customer (Initial Margin): Old:  $5,670  New:  $7,425

Should you have any questions regarding these changes, please contact Arthur
McCoy at (212) 299-2928 or Joe Sanguedolce at (212) 299-2855.

This notice supersedes all previous notices regarding outright margins for
the NYMEX Henry Hub Natural Gas Futures Contract.

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

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(00-397)"

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.


As part of our monthly testing, we review the monthly Natural Gas P & L
Statement and identify specific regions for which we would like to review
additional documentation.  Please find below, the regions that we have
identified.  We are requesting that you supply the P & L top pages for the
last day of the month for those regions that are applicable to you.  Once we
have reviewed these top pages, we will be contacting you to discuss the
drivers of these regions.  Please let me know if you have any questions or
comments.  As of February 28th, Arthur Andersen employees will no longer have
access to Enron Lotus Notes.  I am asking that all correspondence please be
sent to my Arthur Andersen Lotus Notes account at
mark.c.austin@us.arthurandersen.com.

Thank You,

Mark Austin
Arthur Andersen
ext. 68680


Dr. Kaminski,
I think I'll be able to start work from the last week of May,
but not from monday,
probably, I'll be able to work from 5/30 (wed).
Will it be good? I know it is not that much earlier than I mentioned..6/4
I am sorry.

And actually, there is an e-business conference at Haas school of business,
organized by my advisor
Could you distribute the link and the attached invitation letter to groups
interested in e-business and especially procurement?
The link is as following.
http://www.haas.berkeley.edu/citm/conferences/010522/

I am afraid you might forgot this I told you in the last email...
My advisor (Arie Segev at Haas school of business; segev@haas.berkeley.edu)
wants me to ask whether you have any idea on joint research with him
during the summer, while I am staying there.
His interest is in e-business.. (what else..?)
and has expertise in e-procurement system and marketplace...
XML based standard such as OBI,cXML, xCBL, RosettaNet, BizTalk ..
system interoperability study, auction and negotiation, workflow system,
e-catalog management, digital signature, EDI, etc etc...
many technical aspects of e-business...
He wants to do some kind of technical case study
that is beneficial for both ENRON and him.
He may travel one or two times to Houston to have a meeting during the
summer.
(And to be frankly, this will be good for me too,
because I can have a meeting for my dissertation while he is in Houston..)
Could you think about the possibility of joint research, with him?

Thank you..

Sincerely,
Jinbaek

 - FCP-invite.pdf


Karon -- please order a Blackberry device and external charger for Steve ASAP.  Do you have one in stock or another pending order we could borrow and replace with Steve's order?  Thanks.  Jean

 -----Original Message-----
From: 	Robertson, Audrey
Sent:	Monday, November 26, 2001 2:17 PM
To:	McFarland, Jean
Cc:	Harris, Steven; Robertson, Audrey
Subject:	Blackberry Purchase for Steve Harris

Jean, per our conversation on this afternoon, please place an urgent request for the purchase of a "Blackberry" Pager for Steve Harris.  Please include the outside charger.

Steve's EID# is 10006946, CC# 0060, CC# 111039

Thanks in advance for your prompt attention.

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax


Name correction as follows:

Please note:  The correction on NGL Supply, Inc. has a link to the Liquids
group as well as EOL

Sam Schott in the Global Counterparty Group provided the distribution list.
It has been determined that those on this list need to be notified as
corrections are made, in addition to Product Control - Houston.  If you do
not want to be included in the notification for cosmetic name changes and
input corrections, please let me know immediately via e-mail.

Thanks!

Cheryl x3-3103


---------------------- Forwarded by Eric Bass/HOU/ECT on 02/21/2001 08:13 AM
---------------------------

	Enron North America Corp.

	From:  Rick Causey @ ENRON                           02/21/2001 02:02 AM

Sent by: Enron Announcements@ENRON
To: All Enron Worldwide
cc:
Subject: Global Accounting Promotions

Please join me and the Global Accounting leadership team in congratulating
the following individuals on their promotions to:

To Senior Tax Analyst
 Emily Allwardt (International Tax)
 Leon Branom (EBS Tax)
 Shanna Husser (EES Tax)           there is my sweety pea
 Shilpa Mane (Corporate/London Tax)
 Todd Richards (Corp Tax)
 Michelle Thompson (Corp Tax)


---------------------- Forwarded by Stuart Zisman/HOU/ECT on 12/16/99 12:58
PM ---------------------------

	Enron North America Corp.

	From:  Rodney Malcolm                           12/16/99 12:54 PM

To: Stuart Zisman/HOU/ECT@ECT
cc:
Subject: No Weekends, Extend to August '04

No Weekends, Extend to August '04

Thanks,
Rodney


"I haven't failed. I've found 10,000 ways that don't work." - Albert
Einstein; NASDAQ slides again - down 91 - DOW up 28; H&Q downgrades EBAY
(Ebay Inc) (down 4 5/16) from strong buy to buy; AMZN (Amazon) (down 8 1/8)
falls on cautionary comments from Lehman; ACCL (Accelerated Networks) (up 32
7/8) IPO priced at $15; TWX (Time Warner) (down 4 1/16) shareholders approve
AOL (America Online) (down 4 1/8) purchase; CMGI (CMGI Inc) (down 3 1/2) on
earnings warning - CS First Boston cuts to hold from buy; CAG (Conagra Inc)
(down 1 3/8) buying IHF (International Home Foods) (up 5 1/4); Rumor - NOK
(Nokia Corp) (down 3 5/16) to buy QCOM (Qualcomm) (down 1 7/8); RMBS
(Rambus) (up 17 9/16) on Hitachi settlement; KOOP (DrKoop.com) (up 29/32)
receives $1.5 Million; HGSI (Human Genome) up 10 1/16; SUNW (Sun
Microsystems) down 5 7/16; VSAT (Viasat) down 5 1/4; MSFT (Microsoft) down 2
1/8; BRCM (Broadcom) down 3; AMAT (Applied Materials) down 3 1/6; BMCS (BMC
Software) down 2 1/16;

 MO buys Nabisco

 AOL, TWX deal - regulators taking closer look.

 AMZN* - hit hard (down 19% on analyst comments) - company says
report was wreckless.

 SNE - Palm device debuts on Tues.

 Liberty Media - biggest shareholder in European Cable and TV giant -
United GlobalCom.

 NY Times - delays tracking stock.

 USA Networks - interactive business in one division - to go public.

 Citrix - Chairman quits - management re-org - stock hit 18%.

 Recording industry - younger people buying less music as older
people buy more.

 Freeserve and Deut T - deal off.

 YHOO - put your company intranet with us.

 Dreamworks - record label takes online submissions.

 INTC - new Celeron chips (AMD's made their new chip announcement
last week)/ also INTC opening software development center in Russia.

 Mattel - nixing software that stirred privacy concerns in their
interactive games.

 TXN - buys Alantro - wireless local area networking co.

 Oxygen Media - closintg two shopping sites.

 More Chinese Net co.s coming to Nasdaq - Netease.com and Sohu.com.

 Vivity - video over corporate network - gets $4.5 million - HLIT is
investor.

 QXL - real challege to Ebay* in Europe.

 Overview of "Digital Livingroom" in WSJ - new devices are confusing
- interactive TV and Videa coming as is home networking. (PROX mentioned in
home networking article).

 Broadcom - positive article in NY Times.

 Electronics Retailer 800.com - pulls IPO.

 EXP.com - matches consumers and executives with experts,
counselors..... gets $33 million 2nd round including backing from Ask
Jeeves.

 EK - online photo printing.

 BRCD* - mentioned positively on CNBC.

 Latest round of dot com layoffs - Urban Box Office's Indie Planet
and Pseudo.

 CMRC buys APNT.

 Tangible Asset Galleries (art and rare coins) buys Gavelnet.com
(Collectables from network of Galleries).

 NY Times Page 1 Sunday - Online retailers stop offering endless
bargains - watching bottom line (Dan Ries has been saying this for weeks).

 Frank Quattrone - super-star tech banker at First Boston - part of
new deal is in house high tech fund - will do VC work.

 Barron's Cover Story - Roundtable group half-way through the year
overview - positive on wide variety of companies - Abby is still bullish
also likes Merck, C and Wells Fargo/ Some think CSCO, Nokia and Nortel are
overvalued/ other picks - Chris Craft, Modine Manufact., MONY Group,
Flextronics, Polaris Industries, Exxon, Royal Dutch, Apache, Anadarko,
Burlington Resources, Novartis, Roche, AXA, UPM Kyrmmene, Nomura, McLeod
USA, ABGenix, Gemstar-TV Guide, Furniture Brands (mentioned by 2 seperate
people), Georgia Pacific, Eserline, ITT Industries, Metlife, Edwards Life
Sciences, BTU International, Ross Stores, Comcast, Kellwood, AK Steel, D R
Horton, Navistar, Parkervision, Impath...

 WSJ Heard - was T's Wireless deal an IPO - question not academic -
was pre-deal trading okay?

 KOOP - $1.5 million loan from merchant bank.

 There is talk: CSCO for RBAK?/

 C.E. Unterberg Towbin: Futurelink Roadshow in San Fran./ Paul
Rodriguez marketing in Mid-Atlantic.

 Kimberly Breslauer - great job writing this letter last week.

The information contained herein is obtained from sources we believe to be
reliable but its accuracy and completeness, and that of the opinions based
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fund transfer instructions, or to effect any other transactions.  Any such
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================================================================


As most of you know, NRG's proposed purchase of two coal plants in Conneticut (UI's territory) was recently cancelled due to regulatory issues at FERC.   The purchase and sale transaction between Wisvest and NRG was originally entered into almost two years ago.   The proposed purchase price of $350 million for 1000 MW of coal was a "bargain price" at the time due to environmental risks that are specific to the state of CT.

Over the past 2-3 years, the State of Conneticut has threatened to have these coal plants shut down due to pollution issues and Wisvest was concerned enough about this risk that they "puked" the plants to NRG for $350/kW in early 2000.   At a minimum, it is expected that $100-150/kW of SCR and/or scrubbers will be required at these facilities to appease the CT regulatory bodies.

My strong view is that, as a practical matter, the plants cannot be shut down or the lights would go out in CT.   The area where the plants are located is quite possibly the most congested area in the entire Eastern Interconnect.   The load pocket is significantly short MW and transmission import capability is inadequate to serve the load in this area.   In a true "locational marginal price" environment, the prices would likely be similar to Zone J in New York   Currently, pricing in NEPOOL is generally socialized with congestion costs spread equally to all loads, regardless of who causes the congestion.

In the recently proposed "single NE RTO" model, it is about 80% certain that the PJM "locational marginal price" market model will be implemented sometime between mid-2003 and mid-2004.   At that point in time, consumers in the congested areas of NEPOOL (in-city Boston and CT) will be exposed to higher energy prices, while consumers in Maine, New Hampshire, and Rhode Island should see lower prices.

Given the facts above, coupled with traditional asset companies too long to show good bids for incremental assets, I think EWS should pursue discussions with Wisvest immediately and attempt to buy these coal plants at what could be extremely favorable economics relative to our forward curve in NEPOOL and our bullish view for relative pricing at the asset "node".

If we could buy these plants for approx $250/kW with $150/kW of environmental upgrades, the resulting "all-in" (depr, fixed & variable O&M, fuel costs, NOx, SO2, capital reserve, interest) 7x24 plant cost would be approx. $34-36/Mwh.    This is lower than our energy only socialized NEPOOL curve.   Additional upside is derived from positive basis, ICAP, ancillary services, emissions allowances, and long term requirements sales to LSE's.

Lavo and Louise - This could be the "Alberta PPA" for 2002.   Lots of "hair" but lots of upside.

Any thoughts?


I asked Tanya to confirm for me who in Credit whould be getting the emails
about signed masters, and below is here response.
----- Forwarded by Tana Jones/HOU/ECT on 01/25/2001 09:22 AM -----

	Tanya Rohauer
	01/25/2001 07:21 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Credit Distribution

Bill Bradford
Debbie Brackett
Tanya Rohauer
Jason Williams
Brant Reves
Russell Diamond
Rudwell Johnson
Daren Vanek
Veronica Espinoza
Paul Radous
Ken Curry
Aparna Rajaram
Wendi LeBrocq
Tom Moran
Nidia Mendoza
Wendy Conwell
Ed Sacks
Veronica  Gonzalez

Not all of these people actively negotiate docs (Tom, Veronica G, Wendi,
Wendy,etc) but should be on the distribution nonetheless. The only people I
have left off are EES, EBS, etc.  Let me know if you have questions.


Dear Amazon.com Customer,

The holidays are almost here... but our free shipping offer is
almost gone. So don't delay--order through December 4 to get free
shipping on your holiday purchases. (Restrictions apply. See site
for details.)

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ends December 4.

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Sincerely,

Amazon.com Holiday Team

We hope you enjoyed receiving this message. However, if you'd rather
not receive future e-mails of this sort from Amazon.com, please
visit the Help page named Updating Subscriptions and Communication
Preferences through the link below, then click the Customer
Communication Preferences link.

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Please note that this message was sent to the following e-mail
address:

kevin.ruscitti@enron.com


Thanks Kristin!

	Kristin Albrecht
	07/13/2000 06:51 PM

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


I think we arrive around 215, so 400 is about as good as we can do.

Kay

From: Suzanne Adams@ECT on 10/12/2000 04:51 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Bruce Silvers

Any particular time that's best for NYC?  2:00ish????

	Kay Mann@ENRON
	10/12/2000 04:42 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Bruce Silvers

Please.  Tuesday afternoon is our best bet, in NYC.

Kay

From: Suzanne Adams@ECT on 10/12/2000 04:23 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Bruce Silvers

Have you spoken to Bruce to tell him you guys are coming Tuesday.  Should I
call and set up a meeting or what?  Please advise.  Thanks, Suz


Yes attend.


I don't really like what they are suggesting either.  We'll talk Monday.  Besides, they(we) would have to get AA to sign off on half MTM half something else.

Stacey

-----Original Message-----
From: Stevens, Martha
Sent: Mon 10/8/2001 9:33 AM
To: White, Stacey W.
Cc:
Subject: FW: Brazilian Curve

Stacey,

I think the idea of having two books stinks.  We would have to touch every deal every month to move the "prompt" long term month into the short term book.  (Ok - we only have five long term deals right now but ...)  Maybe I'm over reacting.  Do you know of any other instances where this is done to account for risks?

I think a better idea would be to continue with one book using one curve - Pushkar's front end and our curve 3+ years.  We keep the Rho & Drift from this book.

The SA traders could then execute trades with Pushkar to hedge our short term exposure.  They could tell us the P/L to report and in theory this would be the offset to

the short term Rho in the power book.

Martha

 -----Original Message-----
From:   Glover, Sheila
Sent:   Monday, October 08, 2001 8:45 AM
To:     White, Stacey W.; Stevens, Martha
Cc:     Shahi, Pushkar; Carrington, Clara
Subject:        FW: Brazilian Curve

Stacey and Martha,

Clara and I met with Pushkar on Friday.  Take a look at the Proposal discussion and let us know your thoughts.

We are basically suggesting that we treat the front two years as MTM via all normal processes and the back years as a different process.

Thanks. Sheila

<<Brazilian IR curve.doc>>

 -----Original Message-----
From:   Glover, Sheila
Sent:   Friday, October 05, 2001 2:37 PM
To:     White, Stacey W.; Stevens, Martha
Cc:     Shahi, Pushkar; Carrington, Clara
Subject:        Braziliam Curve

Stacey and Martha,
This outlines our discussion yesterday between Stacey, Clara and myself.
I have given to Pushkar today.  We will discuss with him and set  up a meeting next week.
Sheila <<Brazilian IR curve.doc>>


---------------------- Forwarded by Darron C Giron/HOU/ECT on 03/27/2001
04:02 PM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 03/26/2001 08:19 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron
cc:
Subject: Credit Report--3/26/01


----- Forwarded by Susan J Mara/NA/Enron on 01/31/2001 09:04 AM -----

	Scott Govenar <sgovenar@govadv.com>
	01/31/2001 05:04 AM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, David Parquet <David.Parquet@enron.com>, Rick
Johnson <rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra
McCubbin <Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick
Shapiro <rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan
Comnes <acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>, Joe Hartsoe <Joe.Hartsoe@enron.com>, Donna Fulton
<Donna.Fulton@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>, Beverly Aden <beverly.aden@enron.com>, Bill Votaw
<bill.votaw@enron.com>, Carol Moffett <carol.moffett@enron.com>, Debora
Whitehead <debora.whitehead@enron.com>, Dennis Benevides
<dennis.benevides@enron.com>, Don Black <don.black@enron.com>, Dorothy
Youngblood <dorothy.youngblood@enron.com>, "dblack@enron.com"
<dblack@enron.com>, "emelvin@enron.com" <emelvin@enron.com>,
"ehughes2@enron.com" <ehughes2@enron.com>, "gweiss@enron.com"
<gweiss@enron.com>, "gsavage@enron.com" <gsavage@enron.com>,
"Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>, "kgustafs@enron.com"
<kgustafs@enron.com>, "msmith1@enron.com" <msmith1@enron.com>,
"ryang@enron.com" <ryang@enron.com>, "sgahn@enron.com" <sgahn@enron.com>,
"vsharp@enron.com" <vsharp@enron.com>, "wcurry@enron.com" <wcurry@enron.com>,
"William.S.Bradford@enron.com" <William.S.Bradford@enron.com>
		 cc:
		 Subject: [Fwd: FW: Audit Reports in A.00-11-038 et al.]

Attached, please find the CPUC's audit of PG&E.

Received: (qmail 13015 invoked by uid 41); 31 Jan 2001 17:08:39 -0000
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From: MBD <MDay@GMSSR.com>
To: "'Scott Govenar, Enron lobbyist'" <sgovenar@govadv.com>
Subject: FW: Audit Reports in A.00-11-038 et al.
Date: Wed, 31 Jan 2001 08:49:41 -0800
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-----Original Message-----
From: Hartmann, Audra [mailto:ath@cpuc.ca.gov]
Sent: Tuesday, January 30, 2001 7:54 PM
To: 'abb@eslawfirm.com'; 'ad046@detroit.freenet.org'; 'anchau@shellus.com';
Minkin, Angela K.; 'aorchard@smud.org'; 'askaff@energy-law-group.com';
Hartmann, Audra; 'athomas@newenergy.com'; 'berry@apx.com';
'bfinkelstein@turn.org'; 'bill.mccallum@ci.fresno.ca.us';
'blaising@braunlegal.com'; 'bloomje@la.whitecase.com';
'bob_anderson@apses.com'; 'bpowers@seniors.org';
'brbarkovich@earthlink.net'; 'btenney@landuselaw.com'; 'cafield@pirg.org';
Linsey, Steve; 'chilen@llgm.com'; 'chrism@mid.org';
'chrisw@greenlining.org'; 'cmkehrein@ems-ca.com'; Walwyn, Christine M.;
'ConsumersFirst@worldnet.att.net'; 'cpeyton@sacbee.com';
'cread@steptoe.com'; Danforth, Christopher; 'dcarroll@dbsr.com';
'ddavie@hesinet.com'; 'derkp@newsdata.com';
'difellman@energy-law-group.com'; 'dkk@eslawfirm.com'; Lafrenz, Donald J.;
'dmarcus@slip.net'; 'douglass@arterhadden.com'; 'dwrlegal1@water.ca.gov';
'dws@keywaycorp.com'; 'ed@apx.com'; 'ed@clfp.com'; 'edwardoneill@dwt.com';
'ell5@pge.com'; 'emitchel@angnewspapers.com'; 'epoole@adplaw.com';
'fchristi@arterhadden.com'; 'fmo@sdcity.sannet.gov'; 'foothill@lmi.net';
'fosterbc@sce.com'; 'foxba@sce.com'; 'frank.cooley@sce.com'; Fua, Faline;
'furutanj@efawest.navfac.navy.mil'; 'fwmonier@tid.org'; 'gdreed@sidley.com';
'georgeperrault@msn.com'; 'gerhordt.herbert@msdw.com'; Kinosian, Robert;
'glwaas@calpx.com'; 'gtbl@dynegy.com' <mailto:'gtbl@dynegy.com'> ;
'hbd@gweiss.com'; 'hchoy@isd.co.la.ca.us'; 'hf@energy-law-group.com';
'hodgesjl@pacbell.net'; 'honest@compuserve.com'; 'howens@seniors.org'
<mailto:'howens@seniors.org'> ; 'huse@eesconsulting.com';
'imoosen@gralegal.com'; 'j3m9@pge.com'; 'jbarthrop@powersavers.com';
'jbennett@gmssr.com' <mailto:'jbennett@gmssr.com'> ; 'jbushee@sablaw.com';
'jcpaine@stoel.com'; 'jdh@eslawfirm.com'; 'jeff@hmhresources.com';
'jep@cpuc.ca.gov'; 'jerryl@abag.ca.gov' <mailto:'jerryl@abag.ca.gov'> ;
Zeller, Jason; 'jleslie@luce.com'; Lo, Jeanette; 'jlondon@gralegal.com';
'jlyoung@sempra.com'; 'jmalkin@orrick.com'; 'jnnc@chevron.com'
<mailto:'jnnc@chevron.com'> ; 'joe.paul@dynegy.com'; 'jogg@jhenergy.com';
'jon.jacobs@paconsulting.com'; 'joseh@lif.org'; 'jparrott@sempra.com'
<mailto:'jparrott@sempra.com'> ; DeUlloa, Joseph R.;
'jsilva@edisonenterprises.com'; 'jsmollon@newwestenergy.com';
'jsqueri@gmssr.com'; Wong, John S.; 'jtachera@energy.state.ca.us';
'julesan@aol.com'; 'jweil@aglet.org'; 'jyf1@pge.com'; 'jyoung@ebmud.com';
'karen@klindh.com' <mailto:'karen@klindh.com'> ;
'keith-sappenfield@reliantenergy.com'; Malcolm, Kim; 'kmccrea@sablaw.com';
'kmcspadd@milbank.com'; 'kmelville@sempra.com'; 'kmills@cfbf.com'
<mailto:'kmills@cfbf.com'> ; Kajopaiye, Kayode; 'kpoole@adamsbroadwell.com';
Hattevik, Kerry; 'ktilton@gralegal.com'; 'lgurick@calpx.com';
'ljhubbard@sempra.com' <mailto:'ljhubbard@sempra.com'> ;
'LKristov@energy.state.ca.us'; 'lmh@eslawfirm.com'; 'luluw@newsdata.com';
'LVanWagenen@sempra.com'; 'lys@aelaw.com' <mailto:'lys@aelaw.com'> ;
'mbrubaker@consultbai.com'; 'mday@gmssr.com'; 'mdjoseph@adamsbroadwell.com';
'melanie_gillette@rmiinc.com' <mailto:'melanie_gillette@rmiinc.com'> ;
Stevens, Maria E.; 'mgomez1@bart.gov'; 'mhg@hetrading.com';
'mmattes@nossaman.com'; 'mpa@aelaw.com'; 'mrh2@pge.com'
<mailto:'mrh2@pge.com'> ; 'mschwebs@energy.state.ca.us'; 'mshames@ucan.org';
'musicamaria@yahoo.com'; 'napedersen@jonesday.com'; 'natutt@duanemorris.com'
<mailto:'natutt@duanemorris.com'> ; 'nevillm@hdcdojnet.state.ca.us';
'normkr@aol.com'; 'nryan@environmentaldefense.org'; 'NXK2@pge.com';
'oshirock@pacbell.net' <mailto:'oshirock@pacbell.net'> ;
'pat.williams@dhcmail.com'; 'patrickm@crossborderenergy.com';
'paul.harris@bridge.com' <mailto:'paul.harris@bridge.com'> ;
'pbray@newpower.com'; 'peter_fox-penner@brattle.com'; 'phanschen@mofo.com';
'picketse@sce.com'; 'pjmuller@ricochet.net' <mailto:'pjmuller@ricochet.net'>
; 'pjpowerlaw@aol.com'; 'pmcdonne@wenet.net'; 'psly@ebmud.com';
'randy.chinn@senate.ca.gov'; 'randy_britt@mayco.com'; White, Rosalina;
'rbw@mrwassoc.com'; 'rcosta@turn.org'; 'rcsstl@cdmnet.com';
'rick.counihan@greenmountain.com'; 'RJP2@pge.com'; 'rliebert@cfbf.com'
<mailto:'rliebert@cfbf.com'> ; 'rmccann@cal.net';
'robert.d.schasel@fritolay.com'; 'rogerberliner@bcjlaw.com';
'ronknecht@aol.com'; 'rpernell@energy.state.ca.us'
<mailto:'rpernell@energy.state.ca.us'> ; 'rrcollins@n-h-i.org';
'rrh3@pge.com'; 'rschmidt@bartlewells.com'; 'rtavares@energy.state.ca.us';
Feraru, Robert T.; 'sberlin@mccarthylaw.com'; 'scottst@mid.org';
'sdefrawi@efaches.navfac.navy.mil'; Casey, Sean F.;
'sgreenberg@realenergy.com' <mailto:'sgreenberg@realenergy.com'> ;
Gallagher, Sean H.; 'Slayman@energy.state.ca.us'; 'smoss@hooked.net';
'smutny@iepa.com'; 'ssmyers@worldnet.att.net'
<mailto:'ssmyers@worldnet.att.net'> ; 'thaines@smud.org';
'theresa_mueller@ci.sf.ca.us'; 'thoulihan@mdbe.com';
'tom.oneill@abnamro.com'; 'tomb@crossborderenergy.com'
<mailto:'tomb@crossborderenergy.com'> ; 'twetzel@thermoecotek.com';
'uwua@worker.com'; 'wbooth@booth-law.com'; 'whe1@pge.com'; Tapawan-Conway,
Zenaida G.; Pedersen, Susan; Malcolm, Kim
Subject: Audit Reports in A.00-11-038 et al.

 Here is the PG&E Audit, Commissioner Lynch's statement and the ruling
regarding confidentiality.

<<bwg_pge_report.pdf>> <<STATEMENT OF PUC COMMISSIONER LORETTA LYNCH
1-29.doc>> <<Ruling.DOC>>

 - bwg_pge_report.pdf
 - STATEMENT OF PUC COMMISSIONER LORETTA LYNCH 1-29.doc
 - Ruling.DOC


---------------------- Forwarded by Darron C Giron/HOU/ECT on 12/08/2000
10:51 AM ---------------------------

Stacey Vallejo
12/07/2000 08:13 PM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Deals in the MGMT-WEST book

Hi Darron,

I'm not sure if this message is to go to you, and if it needs to go to
someone else could you please forward it to them, but there are several deals
in the MGMT-WEST book that need to be flipped to the FT-US/CAND-ERMS book in
the morning.

Q88422.1
Q87046.1
Q87271.1
Q87419.1
Q92337.1
QB4026.1
QB4210.1
QB4991.1
QB5037.1
QB5039.1
QB5129.1
Q87016.1

These are all December deals with companies that ECC has master swaps with,
and I should be settling them all on Friday December 8th.  Could you please
make sure that there aren't any more deals with ECC and a third counterparty
in this book as it messes up invoicing and settlement.

Please call me if you have any questions on this.

Thanks for your help
Stacey


Rod,

Attached is a summary for the rating agencies that Kevin asked me to forward to you.

David


Earlier today you asked what McKenna's damage figures are.  In response to
interrogatories, McKenna contends that he is entitled to "$2,775,000 plus an
additional amount of up to $1,000,000 depending on the MW capacity of Enron's
plant."  Under the agreement, he would be entitled -  if the power plant in
question fell under the contract's terms --  to $175,000 when the PPA was
signed, $1.5 milllion five days after financing and another $1.5 million when
the plant was completed.  In addition, he would be entitled to $4,000 for
each MW above 200MW.


I'm not sure, but I think it's a data file for the charting software that I
use.

Thanks,

Fletch Sturm


<<2R6KRED.DOC>>  <<2RSWRED.DOC>>

Kay and George:

We have enclosed revised drafts of the First Amended and Restated Limited
Liability Company Agreements for each of CA Energy Development I LLC and CA
Energy Development II LLC, marked to reflect revisions from the forms
initialed for identification by the parties on December 27, 2000.  The only
revisions are in Section 3.2 (to reflect that SEL is a limited partnership
rather than a limited liability company) and in the signature block for SEL
(in light of the fact that SEL now has its own slate of officers to sign).
Please advise of any further comments.  Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7303 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosures: 128540vR14/13
  129344vR5/4

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - 2R6KRED.DOC
 - 2RSWRED.DOC


Wanted to make sure that you knew that today FERC declared the cap that the
ISO Board voted out last week "null and void," which means that we're back to
the old $250 cap.  FERC proposed a "soft" $150 cap that would take effect in
60 days, however.  Call if you have questions.  Best, Jeff


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AMCC Delivers 10 GBPS Digital Wrapper Backplane Serializer/Deserializer For SONET/SDH Transport and Very Short Reach OC-192 Applications   SAN DIEGO, Jun 4, 2001 (BUSINESS WIRE) -- The Verrazano Offers Industry-Leading Jitter Generation and Provides a 25 Percent Savings in System Bandwidth, Extending the Life of Existing   Backplane Designs  Applied Micro Circuits Corp. (AMCC) (Nasdaq:AMCC) today announced the Verrazano (S2509), the industry's first 10 Gbps Digital Wrapper serializer/deserializer (SERDES) supporting SONET/SDH transport and Very Short Reach (VSR) OC-192 and OC-48 transponder applications utilizing four 2.488-2.67 Gbps links.   The Verrazano facilitates the development of SONET/SDH compliant serial backplanes, saving system developers up to 25 percent of a system's total bandwidth that would otherwise be lost with 8B/10B encoding schemes. Running 27-1 PRBS data on all channels, the device features an ultra-low transmit jitter generation of 36 picoseconds peak-to-peak (typical) and provides outstanding eye diagram characteristics with a 91 percent eye opening allowing for increased reach connections at ultra low error rates. (See figure 1).   System developers benefit from the Verrazano's SONET/SDH compliance and compatibility with AMCC's industry-leading Mekong and Zambezi framing and switching devices. By interfacing with AMCC's Hudson Digital Wrapper device, the Verrazano provides the only complete solution for a mid-plane based Digital Wrapper design. (See figure 2). Very Short Reach OC-192 applications utilize the Verrazano's compatibility with AMCC's S7022 and S7025 parallel fiber components. This makes the company's VSR solution ideal for system developers needing plug-n-play VSR links up to 300 meters for rack-to-rack and chassis-to-chassis interconnections as well as board-to-board optical backplane connectivity found in large terabit systems.   "The Verrazano is the industry's first 10 Gbps Digital Wrapper SERDES supporting the ITU G.709 standard while combining excellent jitter generation specifications with improved bandwidth efficiency," said Jon Siann, director of marketing at AMCC. "By delivering complete and intelligent connectivity devices to our customers, AMCC demonstrates its commitment to providing total system solutions for the next generation of optical networks and the terabit connectivity market."   Manufactured in low cost CMOS technology, the device features a power consumption of 5.2 W typical and runs from 1.8 V and 2.5 V power supplies. The Verrazano supports FEC encoded and non-FEC encoded Digital Wrapper frames and provides Optical Channel Overhead insert and drop and Digital Wrapper BIP-8 monitoring for improved signal integrity. Performance monitoring features including SONET/SDH B1 and Digital Wrapper BIP-8 monitoring, Out Of Frame (OOF), Lock Detect and FIFO Over/Underflow provide link integrity monitoring in conjunction with signal integrity enhancement features, which include differential CML high-speed I/O, on-chip terminations, programmable output swing, redundant output drivers with individual squelch control and passive equalization; all of which extend the life of existing low-cost backplane designs.   TDM transport systems can upgrade existing backplanes from OC-12 rates to OC-48 rates across the backplane by utilizing the signal integrity and link monitoring. The device also supports OC-192c inverse muxing with full transparency allowing DWDM network operators to maintain proprietary in-band messaging.   Pricing and Availability  The Verrazano (S2509) is currently sampling to development partners with volume production scheduled for Q3 2001. Packaged in a 483-pin FCPBGA, the device is priced at $360 in volume quantities.   About AMCC  AMCC designs, develops, manufactures, and markets high-performance, high-bandwidth silicon solutions for the world's optical networks. AMCC utilizes a combination of high-frequency analog, mixed-signal and digital design expertise coupled with system-level knowledge and multiple silicon process technologies to offer integrated circuit products that enable the transport of voice and data over fiber optic networks. The company's system solution portfolio includes PMD, PHY, framer/mapper, network processor, traffic management and switch fabric devices that address the high-performance needs of the evolving intelligent optical network. AMCC's corporate headquarters and wafer fabrication facilities are located in San Diego. Sales and engineering offices are located throughout the world.   Forward Looking Statements  The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements relating to the products discussed in this press release are subject to a number of risks and uncertainties, including the risk that the products would not be successfully or timely, developed or manufactured or achieve market acceptance, risks relating to general economic conditions, as well as the risks and uncertainties set forth in the company's Annual Report on Form 10-K for the year ended March 31, 2001, and in other filings of the company with the Securities and Exchange Commission. As a result of these risks and uncertainties, actual results may differ materially from these forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and AMCC does not assume any obligation to update any forward-looking statement.   Product photos, datasheets and application notes are available upon request. AMCC is a registered trademark of Applied Micro Circuits Corp. All other trademarks are the property of their respective owners.   Note: A Photo and Two Diagrams are available at URLs:  The Verrazano (S2509): http://www.businesswire.com/cgi-bin/photo.cgi?pw.060401/bb4   AMCC's S2509 jitter generation eye diagram: http://www.businesswire.com/cgi-bin/photo.cgi?pw.060401/bb4a   AMCC's S2509 block diagram: http://www.businesswire.com/cgi-bin/photo.cgi?pw.060401/bb4b   CONTACT:          Applied Micro Circuits Corp., San Diego                                             Bill Berridge, 858/535-4260                    billb@amcc.com                   or                    Karen Hartz, 858/535-3436                                               khartz@amcc.com                    or                   The Ardell Group                   Editorial Contact:                                                                                Angela Edgerton, 858/792-2941                    angela@ardellgroup.com                    or                    Katy Tanghe, 858/792-2910                             katy@ardellgroup.com   URL:              http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.  Copyright (C) 2001 Business Wire.  All rights reserved.  -0-   KEYWORD:          CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS                   HARDWARE                   SOFTWARE                   TELECOMMUNICATIONS                   PHOTO                   PHOTOWIRE                   PHOTO:                   bb4                   bb4a                   bb4b     [IMAGE]    ***IMPORTANT NOTICE AND DISCLAIMER REGARDING THIS COURTESY EMAIL***   At your request, as a subscriber to our service, this email alert is being sent to you as a courtesy and is for information  purposes only.  We are a financial news re-distributor.  We are  not an investment advisory and do not purport to tell or suggest  which companies you should monitor or which securities you should purchase or sell.   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May be some value here when all over.

 -----Original Message-----
From: 	Hewitt, Jess P.
Sent:	Wednesday, October 24, 2001 8:02 AM
To:	Lawner, Leslie; Steffes, James D.; Kingerski, Harry; Shireman, Kristann; Black, Don; Courtney, Mark
Subject:	RE: SWG

I am very impressed with these findings and the opening that is allowed for us to continue to pursue the issues with SWG.

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Tuesday, October 23, 2001 7:18 PM
To:	Steffes, James D.; Kingerski, Harry; Hewitt, Jess P.; Shireman, Kristann; Black, Don; Courtney, Mark
Subject:	FW: SWG

This is far better than I had hoped for, but as you can see, it ain't over yet.  I will send out more details when I get the order, but I will move on getting the complaint drafted ASAP.  I may need a small RCR for it.

 -----Original Message-----
From: 	"Tom Mumaw" <tmumaw@swlaw.com>@ENRON
Sent:	Tuesday, October 23, 2001 6:12 PM
To:	Lawner, Leslie
Subject:	SWG

ACC approved SWG rate order today with following relevant amendments:

   1.  SWG directed to file new imbalance language within 30 days adopting "most expensive slice of gas" methodology proposed by Enron/Midwest

   2. Staff to review filing for compliance with order - has up to 120 days for this, but SWG was warned from bench not to apply current imbalance calculation during that interim period.

   3.  Finding in Recommended Order upholding SWG's current interpretation of imbalance provisions deleted - Enron instructed from bench that it should file a separate complaint for the 2000-2001 winter period which ACC would consider "without preconceptions"

   4.  Language about considering new types of transportation programs in the PGA workshops retained.

On the surface, I consider this at least a partial win.  However, Staff was particularly upset about these amendments and vowed off the record to use the 120 period to try to get the Commission to reverse its position on reducing imbalance charges.  I told Andy Bettwy that if SWG and Staff did not play games with this 30 day filing and acted in good faith during the workshops, we would be willing to discuss the issue of last winter prior to filing anything with the Commission.  He was non-committal.


still have not heard news on timing of announcement.

Mark
---------------------- Forwarded by Mark Palmer/Corp/Enron on 08/18/2000
01:26 PM ---------------------------
From: Gail Baker/ENRON@Gateway on 08/17/2000 10:30 AM
To: Mark Palmer/Corp/Enron@ENRON, Scott Vonderheide/Corp/Enron@ENRON,
"SMTP:mpalmer@enron.com" <mpalmer@enron.com>@SMTP@Gateway,
"SMTP:svonderheide@enron.com" <svonderheide@enron.com>@SMTP@Gateway
cc:

Subject: Final Trojan Settlement Materials

Attached you'll find the final press materials for the Trojan settlement.
Please not the new "customer savings" number. This is the number CUB wants to
use.This uses 2.6% as the inflation rate the next decade, instead of the 9.6%
that was reflected in the $17.1 million dollar savings. Call me if you have
any questions. Thanks


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T O D A Y    G O D    I S    F I R S T
                  Marketplace Meditations
                       by Os Hillman

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when can we discuss this?

thanks

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, November 20, 2001 8:24 AM
To:	Leff, Dan; Hughes, Evan; Kingerski, Harry
Subject:	RE: Performance / Surety Bonds

Dan --

I will get with Evan and his team and pull this together.  Of course, much of the activity with Utilities is driven by their requirements and judgements (which change over time).

Jim

 -----Original Message-----
From: 	Leff, Dan
Sent:	Tuesday, November 20, 2001 8:19 AM
To:	Hughes, Evan; Steffes, James D.
Subject:	Performance / Surety Bonds

Jim / Evan -

As you are probably aware, the performance and surety bond market is difficult for us to navigate in and around in our current situation.  As an example, EFS has been shut out of getting access to new bid and performance / payments bonds for its business that requires these.  We are addressing this with the bonding companies now.  All of their existing bonds are in place and in force.

In light of this, I wanted to make sure that we are absolutely current in all aspects of all bonding requirements with UDC's and LDC's.

Please send me the most current copy of your matrix that illustrates where we have existing bonds in place, what drives the capacity requirements, status, renewal / expiration date, current payment status, etc.  I would like to make sure that we are all clear on how these work, what triggers increases / decreases in capacity, and other issues impacting our ability to continue to flow electricity and natural gas to our clients.

Thanks - Dan


Hey, this is what we've been looking for! Steve, let me knwo when you get the nfo from the ISO

-----Original Message-----
From: CRCommunications [mailto:CRCommunications@caiso.com]
Sent: Thursday, August 16, 2001 2:23 PM
To: ISO Market Participants; SC Settlements Contacts
Subject: CAISO Notice - Underscheduling Penalty and PG&E Bankruptcy
Claims Bar Date

IMPORTANT NOTICE
UNDERSCHEDULING PENALTY AND
PG&E BANKRUPTCY PROOF OF CLAIMS
As you are aware, the claims bar date in the PG&E bankruptcy is September
5th.  Consistent with our practice of providing information held by the ISO
to Market Participants that concerns the amounts that may be owed to them in
part by PG&E, the ISO is today sending to each Scheduling Coordinator an
accounting of the amounts it owes or is owed in the event the
underscheduling penalty is not modified by FERC.  FERC adopted the
underscheduling penalty in a December 15, 2000 Order.  Because there are
several rehearing petitions pending regarding the underscheduling penalty,
to date the ISO has calculated but has not invoiced amounts owed or owing
pursuant to the underscheduling penalty.  It is our expectation that
Scheduling Coordinators will share with individual entities for whom they
schedule, information that is relevant to them.
As we have advised in prior Market Notices, although the ISO settles
transactions on behalf of Market Participants, the ISO is neither authorized
nor in a position unilaterally to assert claims on behalf of Market
Participants in any bankruptcy proceeding, i.e. assert claims of "ISO
Debtors" against "ISO Creditors" (ISO Tariff Section 11.20.1).  Further,
while the ISO may be asked by an "ISO Debtor" to assert such claims in the
PX or PG&E bankruptcy cases, the ISO is not obliged to do so and will
decline any such request.  The ISO expressly disavows any liability for any
Market Participant's claims, whether or not the Market Participant files any
such proofs of claim in the PX or PG&E bankruptcy proceedings.
Further, as we have advised in prior Market Notices, all statements,
including the information sent today regarding the underscheduling penalty,
are subject to change.  A number of transactions are currently known to be
the subject of disputes and market reruns.  There are also proceedings
pending at FERC, Federal Courts, and State Courts, the outcomes of which may
affect amounts owed by PG&E to each Market Participant or by the Market
Participant to PG&E. In addition, we anticipate that further disputes and
proceedings may arise and market reruns may be performed that will affect
the calculation of such amounts.  The ISO will continue to work diligently
to resolve these matters as quickly as possible.  Nonetheless, it is clear
that significant issues may remain unresolved and/or unidentified by the
claims bar date.
Market Participants should consult their own legal COUNSEL as to their
respective rights  and proofs of claims in the bankruptcy cases of the PX
and PG&E.
Client Relations Communications
CRCommunications@caiso.com <mailto:CRCommunications@caiso.com>


Going forward, I suggest the following.

Procedure for Storage Confirmation and Execution:

1.  Storage contracts mailed to trader.
2.  Trader forwards contract to short-term transport book
3.  Transport book verifies deal terms, sends a copy to back office, gets approriate signature on original, mail original to counterparty, contact counterparty to inform them that contract is executed and mailed back.
4.  Back office verifies terms, add contract to a binder, send copy to confirmation group.
5.  Confirmation group verifies terms, add contract to their files, send a copy to Global group to scan contract in the system in order to view contract on-line via Information Management System


Since the case asked us to evaluate this from Munro's point of view, it is
his
job to examine the potential the deals in the best interest of Time's
shareholders.  Therefore, in my opinion we will have to incorporate the
after-tax value to the Time shareholder as one piece of the puzzle.  The
difficulty with the tax implications to the shareholder is that we do not
know
the average shareholder's cost basis.  It should just be a mention in our
memo.

As I mention in a previous e-mail, there is no tax implication to the
corporation except for the leverage and tax shield.  Unless we completely
recreate the DCF I don't think we can accurately quantify the tax shield
advantage especially since we don't know how the additional leverage will
alter
the WACC, i.e. what is the optimal WACC of the combined company.  Another
complication is the difficulty in recreating the DCF is the timing and tax
implications of the asset sales which we know to be around $3.5 billion.

Our professor doesn't seem to require any advanced calculations.  We are
probably all right with some approximations.
**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax

____________________Reply Separator____________________
Subject:    Re: Time Warner
Author: "Dylan Windham" <SMTP:dwindham@uclink4.berkeley.edu>
Date:       04/29/2001 12:29 AM

Jeff:

I have been looking at your numbers and I have a few questions.

1).     If we look at this from the stand point of the Time shareholder's,
we do not really need to worry about the make-up of Time-Paramount after
the merger.  Since this is an all cash deal, the purchase price will be
given to Time's shareholders.  This amount needs to be above the DCF of the
Time-Warner deal for us to suggest it.

2).     As for the taxes maybe Mark can shed some light on the
issue.  During the acquisition phase the only taxes that will be paid will
be the capital gains paid by Time Shareholders.  Paramount will not pay
taxes on the purchase.  Paramount's tax position will improve due to the
increased debt payments.  Looking at it from Time shareholder's we really
don't care do we?  Maybe I am wrong.

Otherwise everything looked good.  I like the common sized balance
sheet.  I should be home all day tomorrow.  Call me at 925-362-0210 and let
me know how I can pitch in.

Dylan

At 08:55 PM 4/28/01 -0500, Jeff.Dasovich@enron.com wrote:

>OK Gang:
>
>Well, I've been crunching numbers all day, and haven't yet gotten to the
>writing.  I've attached Dylan's original responses for reference.  Figure
>it'll be a memo from Time's CEO to the Time Board.
>
>I've leaving now for Mendocino, but will be back early tomorrow to finish
>this up.  Please check out the spreadsheet.
>
>The case is sort of confusing?how do Time's analysts value Time at
>$189-212, when they're trading at 109 the day before the announcement of
>the deal with Warner.  That doesn't jive.  Are they saying that, absent
>synergies, the combined Time/Warner is worth the enterprise value of Time
>at 189-212 plus the enterprise value of Warner at $63-71 (again, the
>analysts valuation)?  That just seems ridiculous, give where they're
>trading.
>
>Anyway, here's where my analysis is heading----tell me if I'm smoking
>crack.
>
>The deal isn't really $175 per share.  It's $175 LESS the taxes that will
>have to paid (since it's a purchase deal) PLUS the value of the tax shield
>created by the net increase of $8.9B in new debt that Paramount will take
>on.  Does this seem right?  Could folks look at my spreadsheet?  I've got
>it conceptually set up, but I'm not quite sure how to calculate the taxes
>paid under the purchase method or the value of the tax shield (assuming
>that this is correct.  If I'm just completely out of it with this angle,
>just let me know.  In any case, seems that there's some value in the
>tax-free (Time-Warner) versus the taxable (Time-Paramount) deals.
>Presumably, we could take the total enterprise value of Time-Warner
>(nontaxed) and compared it to the total enterprise of Paramount-Time
>(taxed) and compare the two.  I've got a hunch that the Time-Warner number
>may win the day, but I haven't gotten that far in the crunching yet.
>
>In any case, I'll be back around Noon tomorrow and will crank the puppy
>out.
>
>Best,
>Jeff
>
>(See attached file: Timewar_Jeff Calculations.xls)(See attached file:
>TimeWarner.doc)


Audrey,

Concerning deal #579038:  This was a mistake on my part, the price should in
fact be $80 (as the APX is showing).  I've fixed the price in Enpower.

Concerning deal #581335:  This trade did take place between Enron and Sierra
Pacific Industries (not the APX).  I mistakenly put that deal in under the
wrong counterparty.  I've fixed the counterparty in Enpower.

I will ask Fran Chang to autoschedule both deals.  Let me know if I need to
do anything further.

Thanks,
Stan

Audrey Cook
04/19/2001 08:50 AM
To: Kate Symes/PDX/ECT@ECT, Stanley Cocke/PDX/ECT@ECT
cc: Godfrey Hyde/ENRON@enronXgate, Chris H Foster/HOU/ECT@ECT, Melissa K
Ratnala/HOU/ECT@ECT, Chris Stokley/HOU/ECT@ECT
Subject: Automated Power Exchange - April, 2001 Checkout Issues

Kate & Stan,
Deal #579038.1
Enron is showing $85 for the offpeak load on 4/13 & 4/14..... APX is showing
$80 for offpeak on 4/13 & 4/14....please verify and correct if necessary.  I
have also attached APX invoice per the internet website below for both days.

Deal 581335.1
APX is currently not showing that this deal occurred for 4/16 for offpeak
load (see screen  below at the bottom).  Please verify if this is some other
c/p's deal.  Thanks.

ajc

Note:
Please include Godfrey Hyde on your response since I will be out of the
office on leave beginning Monday.  Thank you.

54


Please advise if you think this is ready to go to GE.
---------------------- Forwarded by Kay Mann/Corp/Enron on 05/22/2001 10:18
AM ---------------------------

"Thompson, Peter J." <pthompson@akllp.com> on 05/22/2001 08:08:33 AM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc: "Cobb, Chris" <chriscobb@akllp.com>

Subject: GE Turbine Form Agreement

 Pursuant to my voice mail message, attached please find a clean
copy of the current GE Form Agreement (second document below), as well
as a blackline (first document below) showing changes made to the
version circulated on March 19.  this version does not contain the
"Robust Scope" language in Section 7, nor does it make any significant
changes to Change orders (other than move what had been in Section 5.3
into that Article pursuant to one of our earlier conference calls.  I
have also not touched the takeover provision.  Chris can be reached at
(202) 662-2016.
 <<Comparison of GE Turbine Agreement, Versions 4 to 5.DOC>>  <<GE
Agreement - Version 5.DOC>>
 - Comparison of GE Turbine Agreement, Versions 4 to 5.DOC
 - GE Agreement - Version 5.DOC


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I am out of town.
Joe - can you attend?

	Laura Evans@EES
	10/31/2000 02:27 PM

		 To: Marty Sunde@EES, Thomas E White/HOU/EES@EES, Kim Frumkin/HOU/EES@EES,
Steven J Kean/NA/Enron@Enron, Gene Humphrey/HOU/ECT@ECT, Bert
Frazier/HOU/ECT@ECT
		 cc: Judy G Smith/HOU/EES@EES, Carol Moffett@EES, Bert Frazier/HOU/ECT@ECT,
Troy Henry/HOU/EES@EES
		 Subject: Jew Don Boni

This is a reminder of the meeting with Jew Don Boni on Thursday, November 2
from 12:00 to 2:00 in EB 872..Lunch will be provided....Please confirm that
you will be attending......Thanks, Laurie


Greg Whalley's four diamond club level Astros tickets are available for tonight and tomorrow night (5/21 & 22).  Please advise if you have an interest.

Many Thanks,

Liz Taylor
x31935


Information Management Weekly Milestones Report ) 02/09/01

Portal.
Portal development work continues for respective BU/FUs under Joe Wong's
direction.  This work is based on information collected from portal surveys.
Brandon Rigney's team committed to delivering the portal graphical treatment
by 2/16/01.  A new portal name is being discussed.  The decision for the
portal "look and feel" and the portal name will be made next week.  A
"progress before perfection" approach is planned for releasing the portal.

"Killer" or "sticky" applications for the new portal are being identified and
prioritized.  All task force members are required to identify five "killer"
or "sticky" applications by next week's IM Task Force meeting.

Some features of Hewlitt Packard's benchmark portal are being discussed and
targeted for development.

Tibco 2.0 version targeted as a requirement to provide personalized color
treatments for portal.  Allen Elliott to confirm licensing agreement for
Tibco 2 is in place.

Single sign-on capability will require changes to the producer portal
applications.  The single sign-on security task force has developed and
proposed a strategy to make this happen.  The portal development is working
this issue to ensure the eventual release of a single sign-on entry point for
the portal.

Philippe Bibi was provided a project update.  Philippe re-emphasized the need
to unveil a best practices portal that is simple, wanted by users, and
value-added for users.

UDM/ESE.
Inktomi and Verity appear to be the choice contenders.  Since Autonomy
requires an obtrusive amount of work on individual employees, interview
results predict users would not support this product type.  Consequently, the
task force does not expect to pilot Autonomy.

Business Analyst Paul Timberlake collected high level pricing for each
vendor.  Below is a table of that information.  Paul is working with GSS's
Peter Goebel to gain additional pricing support. Note, Paul's final report
will have extensive licensing information for each vendor.

Vendor	Initial Cost	Annual Support & Maintenance
Autonomy	$3,000,000	$540,000 / year support
Inktomi	$1,375,000	$206,250 / year support
Verity	$682,500
	($487,500  +  $162,500 + $32,500)	$130,000 / year support

IM Strategy Proposal.
Steve Kean attended the weekly IM Task Force meeting to get an update on the
IM Strategy Proposal.  Although the task force was suggesting an executive
point person be identified, Steve reminded the task force of the value of
grassroots efforts.  The task force will remain focused on identifying and
developing sticky portal applications to improve the flow of information
which ultimately should increase the flow of revenue.  Steve's message to IM
Task Force:  do what it takes to make it happen.

During the discussion with Steve, the task force reviewed HP's best practices
portal.  Steve would like to view the HP demonstration of their best
practices portal.

The Task Force team met with EES' Knowledge Management team to discuss a ONE
Enron approach to information management.  EES emphasized need for executive
management to encourage BU/FU IM/KM coordination.


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Kerry,

We drove by your house, which looked like it took on some water.  I hope all is ok, and that you didn't have too  much damage.  Bellaire was hit pretty hard.

On another note, if you are able to gather any more info on this Midwest Generation issue, would you please call Jeff Hodge in our legal department?  Twanda can connect you.

I'll be on vacation this week and will return the 18th.

Thanks.

Michelle

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

Michelle Cash
Enron North America Corp.
1400 Smith Street, EB 3823
Houston, Texas  77002
(713) 853-6401
michelle.cash@enron.com

This message may contain confidential information that is protected by the attorney-client and/or work product privileges.
----- Forwarded by Michelle Cash/HOU/ECT on 06/11/01 12:13 AM -----

	Philip Mayor/ENRON@enronXgate 06/07/01 08:55 AM 	   To: Michelle Cash/HOU/ECT@ECT  cc:   Subject: Midwest Generation

Jeff Hodges has told me that you are helping us out with trying to locate information re: the Midwest Generation Labor Dispute.  The following article appeared in the Chicago Tribune today:

Under a settlement agreement signed with the National Labor Relations Board, Midwest Generation LLC, a wholesale power supplier to Commonwealth Edison Co., will begin negotiating as early as next week with the union representing 1,150 of its electrical workers, officials said. The move comes less than two weeks after the International Brotherhood of Electrical Workers local authorized a strike. The sides have disagreed over when the current contract expires; under a separate agreement, Midwest Generation was released from its obligation to maintain the existing contract through June 2002, company officials said.

Would there be any way to obtain details about this, or is it probably a confidential settlement?
Thanks for the advice.

Phil


I spoke to Karen Way at Piper-Marbury-Rudnick&Wolfe and we decided that the
best way to handle the document flow is for you to send the docs.
electronically to Karen and she will Fed-X out the originals for execution to
their attorney - Ed Legner.   Karen has dealt with Legner recently on Green,
so she should be able to push him to move the ball so we can get this done
quickly.

 We can also include a marked as draft hard copy for markups if he has a lot
of changes.  Since he just reviewed the Green doc. very recently, it should
be fine as is since we are only changing the following:

We want to limit the means by which we are able to get the option premium
back to their not being able to convey the tract.
They have an imbedded "put" option on the house if we begin to build and
haven't exercised our call.

The commercial terms are $4000 for 18 months, and an 18 month extension for
another $4000,  Exercise price is $185,000.

Karen will get together a legal description that will suffice for purposes of
this document.

Our goal is to get this inked in the next 5-10 days.


Ina,

Three things please;

1. Do I order business cards through you or the associate program
2. For my left line I need a shoulder rest & a mount put under my desk
3. I need a tray that will mount on to the divider of the desk

Let me know what I need to do so I can get this done

Dutch


I can't seem to pull up 598391 - is that the correct deal number?

Kate

	From:  Kimberly Indelicato                           05/02/2001 07:14 AM

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

Subject: New Counterparty Name on #598391

Kate, this deal has a new counteparty but it is not in the system yet. Can we
get more details on this, like what the actual name of MDEA is, address,
contact, phone numbers etc.

Thanks,

Kimberly


---------------------- Forwarded by Scott Neal/HOU/ECT on 08/25/2000 05:37 PM
---------------------------

From:  Matt Motsinger
    08/24/2000 05:07 PM

To: Hunter S Shively/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Thomas A
Martin/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT,
Scott Neal/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT, Joe Gold/LON/ECT@ECT,
David Gallagher/LON/ECT@ECT, Thor Lien/OSL/ECT@ECT, Richard
Lewis/LON/ECT@ECT, Stuart Staley/LON/ECT@ECT, Mark Tawney/HOU/ECT@ECT, Kevin
McGowan/Corp/Enron@ENRON, Jim Fallon/Enron Communications@Enron
Communications, Jonathan Whitehead/AP/Enron@Enron, David J
Botchlett/HOU/ECT@ECT, Douglas S Friedman/HOU/ECT@ECT, S Craig
Story/HOU/ECT@ECT, W Wade Hicks/HOU/ECT@ECT, John Wilson/NA/Enron@ENRON, Don
Schroeder/HOU/ECT@ECT, Steve Elliott/Enron Communications@Enron
Communications, Jonathan McKay/CAL/ECT@ECT, Edward Ondarza/HOU/ECT@ECT, John
L Nowlan/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Homer Lin/HOU/ECT@ECT, Nick Mooney/LON/ECT@ECT, Carrie
Southard/LON/ECT@ECT
cc: Product Control - Houston, Product Control - London
Subject: EOL Commodity deal count breakout 08-23-00

The following files contain a graphical view of the average deal count per
month by Commodity for EOL and OTC transactions since the launch of
EnronOnline. This information is for comparitive analysis only.  Do not
update links when opening these files.

If you have any questions regarding this breakout, please contact one of the
following:

Torrey Moorer x3-6218
Matt Motsinger x3-5221
Pete Berzins x5-7594

Matt
EnronOnline


Mike,
The attached presentations contain some Enron slides that you have used
previously.  I am sending two more emails with other presentations.  I did
not separate them out for the sake of time.  Let me know if you had something
else in mind.
Thanks.
Julie


As you are aware, Enron utilizes temporary staffing services to satisfy
staffing requirements throughout the company.  For the past several months, a
project team, representing Enron,s temporary staffing users, have researched
and evaluated alternative Managed Services programs to determine which source
would best meet our current and future needs in terms of quality, performance
and cost containment objectives.  The Business Unit Implementation Project
Team members are:

Laurie Koenig, Operations Management, EES
Carolyn Vigne, Administration, EE&CC
Linda Martin, Accounting & Accounts Payable, Corporate
Beverly Stephens, Administration, ENA
Norma Hasenjager, Human Resources, ET&S
Peggy McCurley, Administration, Networks
Jane Ellen Weaver, Enron Broadband Services
Paulette Obrecht, Legal, Corporate
George Weber, GSS

In addition, Eric Merten (EBS), Kathy Cook (EE&CC), Carolyn Gilley (ENA),
Larry Dallman (Corp/AP), and Diane Eckels (GSS) were active members of the
Selection Project Team.

As a result of the team,s efforts, we are pleased to announce the beginning
of a strategic alliance with CORESTAFF,s Managed Services Group.  This group
will function as a vendor-neutral management entity overseeing all staffing
vendors in the program scope. They will also provide a web based online
technology tool that will enhance the ordering and reporting capabilities.
The goal of our alliance with CORESTAFF is to make obtaining a temporary
worker with the right skills and experience easier while protecting the best
interests of the organization.

We plan to implement Phase I of this improvement effective January 2, 2001.
This Phase I of the implementation will encompass administrative/clerical
temporary workers at the Houston locations only. If you currently have
administrative/clerical temporary workers in your department, the enhancement
will not affect their position. In an effort to preserve relationships, all
current staffing vendors will be invited to participate in this enhanced
program.  CORESTAFF shares our commitment to minimize any disruptions in
service during this transition.

We expect to incorporate the administrative/clerical workers in Omaha,
Seattle and Portland in Phase II, which is scheduled for February, 2001.  The
scope and timing of any additional phases will be determined after these two
phases have been completed.

Realizing the impact that the temporary workforce has in business today, we
selected CORESTAFF,s Managed Services Group based on their exceptional
management team, commitment to quality service, and creative solutions to our
staffing needs.  The relationship promises to offer Enron a cost effective
and simple means for obtaining temporary employees.

In the coming weeks, Enron and CORESTAFF,s Managed Services Group will be
communicating to Enron,s administrative/clerical temporary staffing vendors
about the new process.

There are many benefits to this new Managed Services program, which are
outlined on the attached page.  More details on how to utilize CORESTAFF,s
Managed Services program will be announced soon and meetings will be
scheduled to demonstrate the reporting system and to meet the Managed
Services team.

What is Managed Services?

CORESTAFF,s Managed Services program includes:

? Vendor-neutral management model
? Equal distribution of staffing orders to all staffing partners
? Web-based application with online ordering, data capture and customized
reporting
? Benchmarking and performance measurement for continuous improvement
? Methodologies for accurate skill-matching and fulfillment efficiencies

Key Benefits

? More vendors working on each order from the outset ) faster access to
available talent pools
? Standardized mark-ups and fees to manage costs more effectively
? Online access to requisition status for users
? Robust databases offering managers enhanced tracking and reporting of
temporary usage and expenditures
? Standard and customized reporting capabilities -- online
? Tenured, experienced Managed Services team on-site to assist users in
accessing web site, identifying usage trends, preparing specialized reports,
etc.

Corestaff/Managed Services/Staffing

Joseph Marsh ) Lead / Operations (josephm@corestaff.com; 713-438-1400)
Amy Binney, Sharon B. Sellers ) Operations
Cherri Carbonara ) Marketing / Communications
Cynthia Duhon )Staffing Partner management


Here's a very rough shot at #'s 3&4.  I think 4's worded very strangely (thus
my strange answer).  Anyway, thought I'd throw something together to get the
ball rolling.  I'll keep thinking about and send another dispatch later today
or first thing tomorrow morning.

Best,
Jeff


Clement,

Pursuant to Sara Shackleton's request, attached for your review, please find
a blacklined copy of the Enron Corp. Guaranty marked to show requested
changes by the above-referenced counterparty in connection with the
negotiation of a Master ISDA Agreement between ENA and Midcoast Marketing,
Inc.  Should you have any comments or questions, please call me at
713-220-4124.  I have been advised that this ISDA is considered a Top 10 by
ENA's credit department, therefore, your attention to this matter is greatly
appreciated.

Thanks,

Jason

 - Blacklin.DOC