Bill and Sara,
We have been talking with Goldman Sachs, one of ECT Investment's prime
brokers,  about ways to reduce our margin requirement and gain greater
leverage.  Goldman suggested that we may want to consider putting an Enron
Guaranttee in place.

We also have a prime broker agreement with Morgan Stanley.  Per the
documentation that I have... I do not see a guarantte with Morgan Stanley.

1) Can you confirm that no guarantee exists with either Goldman or Morgan?
2) Any comments regarding a Goldman guarantee by Enron Corp for ECT
Investments Inc.?

Thanks, Sheila


The report named: NG - Price P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=10&report_name=NG+-+Price+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=10/24/2001>, published as of 10/24/2001 is now available for viewing on the website.


Shana Herrin
5130 Commonwealth St
Detroit, MI 48208
aa5458@wayne.edu

To Mr. Ken Lay,

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

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

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

Sincerely,

Shana Herrin


fyi
---------------------- Forwarded by Ronald Brzezinski/EWC/Enron on 05/28/2002
05:10 PM ---------------------------

Ronald Brzezinski on 05/28/2002 03:49:25 PM
To: Klaus Obel/EWC/Enron@Enron
cc:

Subject: RE: 3200 - Desert Sky: final SCADA Report

fyi
---------------------- Forwarded by Ronald Brzezinski/EWC/Enron on 05/28/2002
04:04 PM ---------------------------

	From:  Alaadin Suliman                           05/28/2002 03:42 PM

To: Ronald Brzezinski/EWC/Enron@ENRON
cc:

Subject: RE: 3200 - Desert Sky: final SCADA Report

---------------------- Forwarded by Alaadin Suliman/EWC/Enron on 05/28/2002
03:56 PM ---------------------------

"Peter Simpson" <simpson@garradhassan.co.uk> on 05/28/2002 01:25:47 PM
To: <stanley.ballard@ps.ge.com>
cc: <kevin.cousineau@ps.ge.com>, "Alaadin. Suliman"
<Alaadin.Suliman@enron.com>

Subject: RE: 3200 - Desert Sky: final SCADA  Report

Stan,

I spoke to Alaadin when he was on his way to lunch, earlier today,
regarding the content of Section 3 of the Final SCADA Acceptance Test
Results report. My question should probably been addressed to you.

The question is: why are the screen dumps presented taken from records
of April 19, deviant from the data that Alaadin and I witnessed on April
18, as recorded on the typescript sheet 'Met-Mast Data record during
SCADA final ATP' that is included in this section of the report?

[The latter is correct, with the exception of a typo in the wind speed
data for turbine 31: this should read 11.6, not 1.6.]

The content of the three tables in Section 1, under the heading of Test
7.0 is erroneous:

a) the date should be April 18 and the times should correspond with the
records on the typescript sheet;

b) a number of wind speed and temperature values do not correspond with
those on the typescript sheet. This appears to result from an effort to
correlate data from April 19, as it appears on the screen dumps, with
data recorded on April 18.

I have some comments on the text preceding the tables.  I shall write
separately regarding that.

Peter.


853-9636

-----Original Message-----
From: Proctor, Shemin V. [mailto:sproctor@akllp.com]
Sent: Thursday, March 07, 2002 10:17 AM
To: Parks, Joe
Subject: Your phone no.

Joe,
I am trying to reach you. What's the prefix to your phone no.?

Shemin V. Proctor
Andrews & Kurth LLP
1701 Pennsylvania Ave., N.W., Suite 300
Washington, D.C. 20006
(202) 662-3052
(202) 662-2739 (fax)
sproctor@akllp.com
 <<Proctor, Shemin V..vcf>>


-----Original Message-----
From: 	Gossett, Jeffrey C.
Sent:	Monday, January 07, 2002 4:44 PM
To:	Kitchen, Louise
Subject:	Start-up and integration plans


Gerald and Mary,

While I am out, I may need your help on this and other "so called" Project Neptune matters.  These are clean up matters that Ann Elizabeth White was handling for Patrick Johnson, Brandi Morris and Rakhi Israni.  All my files on these Louisiana/Bridgeline related matters are in my left hanging file behind the  Tab labeled "Project Neptune"

Thanks,

Steve

-----Original Message-----
From: Van Hooser, Steve
Sent: Monday, July 09, 2001 5:06 PM
To: 'pkdaigle@neosoft.com'
Cc: Johnson, Patrick
Subject: FW: Pipeline R/W

Keith,

Please let me know your timing on the Sorrento Pipeline matter I forwarded to you Saturday.  As you can see from the following, Sorrento is a bit anxious.  I will be out Wednesday through next Tuesday, so it would be great if we can touch base before then.  Please give me a call when you have a chance.

Steve Van Hooser
713-853-7238

-----Original Message-----
From: Johnson, Patrick
Sent: Monday, July 09, 2001 3:31 PM
To: Van Hooser, Steve
Subject: FW: Pipeline R/W

FYI

-----Original Message-----
From: Heidi E. Broussard [mailto:heidiho@eatel.net]
Sent: Monday, July 09, 2001 2:51 PM
To: Johnson, Patrick
Subject: Pipeline R/W
Mr. Johnson,

If I can be of any help to you in expediting the completion of the R/W for Sorrento Pipeline please let me know. Sorrento is trying to purchase all Pipeline R/W for August 20, which is the initial start date of the construction phase.

Thanks

HEIDI E. BROUSSARD
R/W AGENT
337/394-7490
225/202-0059


Fran, any word from Nancy?  Thanks.  Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 11/14/2000 11:12
PM ---------------------------

Michelle Cash
11/02/2000 05:17 PM
To: Timothy J Detmering/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Patrick
Wade/HOU/ECT@ECT
cc: Fran L Mayes/HOU/ECT@ECT, fmackin@aol.com, David Oxley/HOU/ECT@ECT
Subject: Project Triple Lutz -- HR Issues with Bidder D

This email summarizes my conversation on employee matters with Nancy Quigg
Young, which took place  yesterday.

Logistics.  The most significant area for the employee matters involves the
logistics of the buyer hiring the employees.  In the original agreement that
we proposed, we would allow the buyer to interview employees, select the ones
they wanted to hire, and require that the buyer keep them employed for at
least 2 years.  Their counter proposal was that they got to hire who they
wanted, have us pay severance on all others, and they would have no
obligation to keep them for any length of time.

Since then, there have been discussions internally that we want all employees
to go with the sale, with the buyer taking the action of severing employees
(although we would fund severance costs under the Enron formula).  I raised
that proposal with Nancy, who is going to discuss it with her business
clients.

In the alternative, if the buyer selects the people it hires, and we have to
eliminate the jobs for those not selected, I informed her that we would
require an indemnity for claims made against us based on the selection
process.

Base Salary.  The counteroffer made by Bidder D does not provide that the
employees hired from HPL would receive at least the same base salary as they
earn at Enron.  This is important because a severance payment could be due if
an employee does not accept a job at a lower salary.  Karen appeared
unwilling to agree to pay divested employees outside of the buyer's salary
bands (note:  paying outside of a salary band in the context of an
acquisition is standard procedure, but she was acting as if it were an
incredibly difficult accomplishment).  She claimed that one problem lies in
not knowing the exact salary for each employee at issue.  We pushed back on
this and offered to provide average salaries for each job level, to allow her
to get comfortable with the ranges.  Fran Mayes will provide this
information, which may eliminate this issue.

Bonus.  In our proposal, we asked that the hired employees receive a total
bonus payment that is at least equal to what they earned their last year at
Enron.  Bidder D did not provide any such guarantee.  Karen said that she
needed our "bonus formula" before she could commit to this.  I explained that
we have no bonus formula and that our bonuses are based on performance of the
company and the individual.  We previously had provided total bonus amounts
for the entire group, and she could make a determination of bonus costs on a
consolidated basis for her deal folks to calculate.  j

She said she was "not sure if they could get there" on the bonus issue,
particularly since she thinks our bonuses will be extra high this year.  I
offered to discuss whether we could modify the amounts by averaging the last
two years, which she thought might make it better.

Unvested Equity.  When I explained to her that we could not supervest
unvested options, she indicated that there was a "possibility" that the
amount could be made up in stock options of Bidder D.  I think this is the
"win-win" position, but I think it will have to be pushed.

Vacation.  Their vacation plan maxes out at 4 weeks; ours maxes out at 5
weeks.  She thinks she may be able to propose that, for the first year the
employees work for the buyer, they can use the vacation accrual from Enron,
but after that, they are subject to the buyer's vacation plan.  This approach
is reasonable.

WARN Act.  There is the slight possibility of WARN Act implications, in the
unlikely event that closing occurs within 60 days of signing.  The WARN  Act
requires a company to give employees 60 days notice of a plant closing or
mass layoff.  This situation probably would qualify.  Thus, we would have to
give 60 days notice to all employees who potentially may be affected.  We can
pay in lieu of notice, in the event that the closing (and thus the
terminations) occur sooner than 60 days after closing, but we may want to
spell out who bears that cost, if it is incurred.

Benefits.  Other than the vacation benefit described above, it appears that
Bidder D has benefits that generally are of the same nature as Enron's
benefits.  Thus, allowing the hired employees to participate in the buyer's
benefits plans, with credit for years of service at Enron, likely would be
comparable to their situations here.

I expect that we will hear from Bidder D with their proposals on these issues
once Fran provides Nancy with the salary data.  Please let me know if you
have any questions.

Michelle


The PEP system will not be open on Nov. 9, 2001 for manager or employees as previously stated. Please let your staff know. I will keep you abreast of any further developments.

Regards
Frank


yes

 -----Original Message-----
From: 	Rangel, Ina
Sent:	Thursday, November 15, 2001 10:20 AM
To:	Arnold, John
Subject:	FW: This Weekends Move of Power and Gas
Importance:	High

John:

I have spoken with the assistants and the following people are the ones who probably need to come in or would want to come in on Sunday:

EAST:				WEST:
Jon McKay			Mike Grigsby
Scott Neal			Keith Holst
Pete Keavey			Frank Ermis
				Tori Kuykendall
CENTRAL:
Geoff Storey			TEXAS:
Andy Lewis			Tom Martin
Hunter Shively			Eric Bass
Martin Cuilla			Joe Parks
				Jim Schwieger
FINANCIAL:			Daren Farmer (maybe)
John Arnold
Mike Maggi
Dutch Quigley
John Griffith
Larry May

If this is okay with you, I will forward it on to Tammy Shepperd.
 -----Original Message-----
From: 	Shepperd, Tammy R.
Sent:	Thursday, November 15, 2001 8:01 AM
To:	Arnold, John; Black, Don; Hall, Bob M
Cc:	Choate, Heather; Rangel, Ina; Wood, Kim
Subject:	FW: This Weekends Move of Power and Gas
Importance:	High

GAS TRADING TEAM

Can you guys please prepare a coordinated list of no more than 35 people that can come in on Sunday between 2- 6:00 pm to test trading applications.  Due to the combination of the moves (over 900 people) the IT group wants to ensure that your applications are functioning properly before Monday morning.

The list should be weighted heavier towards those folks who can identify system problems rather than unpacking boxes.  There will still be alot of the move team on the floor finishing installations etc.

Please provide the list by end of business today (thursday).

Thank you!
Tammy
x36589

 -----Original Message-----
From: 	Bucknell, Martin
Sent:	Wednesday, November 14, 2001 5:05 PM
To:	Lavorato, John; Colwell, Wes; Piper, Greg; Pickering, Mark; Donovan, Bill; Rub, Jenny; Kitchen, Louise; Shepperd, Tammy R.
Cc:	Cline, Paul; Duree, Janelle; Lopez, Susan
Subject:	This Weekends Move of Power and Gas

All,
I have included an outline of the move for this weekend, we will commence approx 2:00pm Friday when the power tading market closes. We need everyone (except the 24x7 groups & office of the chair) to be off the phones by 6:00pm. These times have been agreed with the department heads and we will be flexible where necessary upto 6:00pm

We will open the floors between 2:00pm & 5:00pm on Sunday, for the following groups to come in and test their systems and telephones, the users are being selected by the heads of departments and we have support staff on-hand to deal with problems and questions.
25 Gas traders / admins
25 Power traders / admins
10 Gas back office /admins
10 Power back office / admins
Office of the chair and admin staff

Business contingency and fall back positions will be in-place on Sunday

if you need any more information, please call me or pass the requests on via Tammy Shepperd

 << OLE Object: Microsoft Word Document >>
Martin Bucknell - 713 853 1800


Concur Expense (XMS) Upgrade!

On July 2, 2001, Enron,s Corporate Expense Management Solution will undergo
an upgrade to version 6.0.2.
The Integrated Solution Center (ISC) has developed a transition plan
containing several important deadlines affecting
all XMS users.

       Transition Schedule

Important Date #1 - Monday, June 18th
? American Express transactions will no longer be loaded into the current XMS
system starting June 18th.  Beginning June 18th, all AMEX transactions will
be loaded into the new Concur Expense (XMS) system.
?  Beginning June 18th, the ISC will be solely responsible for adding new
users to the current XMS system.  On July 2nd, new users created in SAP HR
will be  automatically loaded into the new Concur Expense (XMS) system.

Important Date #2 - Wednesday, June 27th
? This marks the deadline for entering new expense reports into the current
XMS system.  All open expense reports in XMS must be submitted and approved
by June 27th.  All users will be locked out of XMS after this date!!

Important Date #3 - Monday, July 2nd
? The new version of Concur Expense (XMS ver. 6.0.2) goes LIVE!!!

For a list of frequently asked questions (FAQ), please click on the following
link:  http://isc.enron.com/site/xmsfaqs.htm

If you have any other questions on any of the above items, please contact the
ISC Call Center at 713-345-4727.


Sunday - April 2 - Tour deCypress Ride - 7:30 AM -  50, 62 or 85 miles
contact:  Cynthia Gonter, 57404

Tuesday - April 4 - ECC Meeting
11:30 AM - EB 49C1 - contact:  Cynthia Gonter, 57404

Wednesday- April 5 - MS150 Team Meeting
5:00 PM to 7:00 PM - EB 5C2 - contact:  Stephanie Strong 31653

Saturday - April 8.  100 mile hilly ride - 8:00 AM - Tomball Middle School
contact:  Dan Lyons ext. 31648

Saturday & Sunday - April 15 &16 - MS150 Bike Tour 7:00 AM - Houston to
Austin - 180 miles
contact:  Amelia Alder 66569


In light of the recent events here at enron and the uncertainty surrounding all of our employment, I would like each of you to have my home email address so that you can keep in touch.  No matter what happens, the work email address will change, whether I stay at Enron and we are aquired or I change companies.  Who knows what will happen or what the timing will be!  Donations can be made to - just kidding!  Hope all is well with all of you!

Kim

kward1@houston.rr.com


That would be a good idea. The troops just walked in. Can you try to get lavo and preview with him how these meetings go. Thanks
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


I just spoke with another lawyer in our firm that worked at the Robins
Caplin plaintiffs firm where Joe Dunn was before he went to Mark Robinson's
firm.  From an associates perspective, Joe Dunn was never the person to
write the briefs.  He would always have his cross examination scripted by
others.  The bottom line is that Joe Dunn can be very dangerous with the
correct support -- on his own, he is unlikely to figure it out.    Said
differently, Joe Dunn is not a nuts and bolts lawyer.  He is the front
person -- great in front of people and the big picture.  He last was
involved in a case in 1993-94.

I spoke with another partner in our firm whose wife is a former partner of
Joe Dunn's.  Another report that Joe is very long on show and short on hard
work.  The circumstances under which he left the Robin Caplin firm were not
favorable.  Joe is very well connected, having spent most of his time
networking.   There is the possibility that there are some things in Joe's
past that he is not particularly proud of.  He is a politician and anything
that will promote his career, he will use.  Said differently, he talks a
great game but is probably marginal on the legal issues.

Thanks
Gary

=======================================================
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This is in reference to Sitara # 228914.

Gracias, Amiga.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 04/04/2000
03:30 PM ---------------------------

"Christensen, Trey" <TChristensen@anpower.com> on 04/03/2000 12:53:50 PM
To: "Jennifer Sabine (E-mail)" <Jennifer.Sabine@enron.com>, "Darren Farmer
(E-mail)" <dfarmer@enron.com>
cc: FUEL <FUEL@anpower.com>
Subject: Transaction Confirmation Sheets

Jennifer/Darren
Would you please forward to Lisa Maillet (Fax# 508-786-7201) a copy of the
Transaction Confirmation sheet regarding the gas (2,977 MMBtu at LSP
interconnect with Oasis-Waha and 5,000 MMBtu at LSP interconnect with PG&E
NTP-36" Maypearl) MELP, as limited agent for ABB Alstom Power Inc, purchased
from Houston Pipe Line this past Wednesday (3/29/00).
Thanks
Trey


Hi Sara, is there anything new going on that I should be aware of?

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Wednesday, August 08, 2001 10:17 AM
To:	Nelson, Cheryl
Cc:	Taylor, Mark E (Legal)
Subject:	all agreements for Hickerson group

Cheryl:

Please review all agreements for Gary Hickerson's group with me prior to any final negotiations.  Thanks.  SS

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


Anything special for this week's call.  Please let me know so I can send out
a confirmation email.  Thanks.
----- Forwarded by Suzanne Adams/HOU/ECT on 06/04/2001 10:28 AM -----

	Sheila Tweed
	06/04/2001 10:27 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: GE call this week?

YES.  Please ask Kay and/or Scott Dieball for direction.  I'm going into
hostage mode in Denver tomorrow morning.

	Suzanne Adams
	06/04/2001 10:19 AM

		 To: sheila.tweed@enron.com
		 cc:
		 Subject: GE call this week?


Daily Blessing
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http://www.daily-blessings.com/bless108.htm

Long, Long Ago
http://www.daily-blessings.com/ch20.htm

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Marvin and Bob,

Attached is the most recent version of the LOI.  This version includes
revisions resulting from conversations between David Hunt and Kay Mann.  The
Beck comments are also included.

David Fairley and I will call to follow-up.  In the meantime, feel free to
call with any questions.

Thank you,

Reagan Rorschach
713.345.3363


They look good.

Errol

Tara Sweitzer@ECT
03/01/2001 09:23 AM
To: Errol McLaughlin/Corp/Enron@ENRON, Torrey Moorer/HOU/ECT@ECT, Dawn C
Kenne/HOU/ECT@ECT, Kevin Meredith/Corp/Enron@ENRON
cc:

Subject: Future Spread

Errol,

I need your assistance again regarding these test future spreads.  Could you
take a look the transaction numbers listed below and let me know how they
look.  You can find these test deals in Tagg Stage.  The price was .04.
Thanks TARA

QS5877
QS5878

QS5895
QS5896

Thanks
TARA


That's fine with me - we're taking that approach on the "override" letters
that override existing master agreements.

Stacy E Dickson
11/30/99 10:13 AM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Re: Letter for Utilities in Texas

Mark,
I am fine with the user not signing.  It is your call though.

Stacy
---------------------- Forwarded by Stacy E Dickson/HOU/ECT on 11/30/99 10:12
AM ---------------------------

David Forster
11/30/99 08:08 AM
To: Stacy E Dickson/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
cc: Bob Shults/HOU/ECT@ECT
Subject: Re: Letter for Utilities in Texas

Stacy/Mark,

Can we revise the Texas Utilities letter so that the user does not need to
sign, but accepts the amendment by transacting on the website?

As we have hordes of customers asking for User ID's, it would be appreciated
if we could land on a final, legal-approved draft of the letter, combined
with a list of affected customers for this morning.

Thanks,

Dave

---------------------- Forwarded by David Forster/LON/ECT on 30/11/99 14:05
---------------------------

David Forster
26/11/99 19:31
To: Stacy E Dickson/HOU/ECT@ECT
cc: Bob Shults/HOU/ECT@ECT

Subject: Re: Letter for Utilities in Texas

Stacy,

Can we revise the text down to the following?

Dear [Customer]:

Please be advised that all U.S. physical natural gas transactions that you
enter into with EnronOnline will be with Enron North America Corp. regardless
of anything to the contrary on the website or in any General Terms and
Conditions, if applicable.

This leter will be sent with the User ID, so it doesn't really require much
of an introductory sentence.

Dave

Stacy E Dickson
22/11/99 20:33
To: David Forster/LON/ECT@ECT
cc:

Subject: Letter for Utilities in Texas

Dave,

Attached is the letter that we discussed.  Please give me your comments.

Stacy


I believe the registration deadline for the Nov 7 election has passed.  I'll
ask Eliz to forward the registration materials to you so you can be ready for
the next election.  Also, if you were registered in Harris County before you
may still be on the rolls at your old precinct ... you should ask.

	A G Gelotti@ENRON_DEVELOPMENT
	11/02/2000 12:36 AM

		 To: Steve Kean@ENRON
		 cc:
		 Subject: Re: Harris County - Early Voting Shuttle!!!!!

Steve,
My wife and I have been out of the country and have not registered to vote
nor do we have absentee ballots to vote.  Any suggestions on how we can vote?

Sent by: Enron Announcements@ENRON
To: All Enron Houston
cc:
Subject: Harris County - Early Voting Shuttle!!!!!

Avoid the crunch on election day by voting early!

ENRON is providing employees with
complimentary shuttle service
 from the Enron Building to the downtown early voting site!!

Thursday, November 2
and
Friday, November 3
1319 Texas Avenue @ Austin Street
7:00 am until 7:00 pm
(transportation by Beal's - pick-up on the West end of Andrews Street)

In order to vote early at this site,
you must be registered in Harris County
and present your drivers license for ID verification
(your voter registration card is not necessary)

Please take advantage of this opportunity and VOTE!!

For election-related questions, please reference this website:
www.co.harris.tx.us/cclerk/elect.htm


Attached is the Management Report for Feb. 29, 2000

External Trading

 Total  29-Feb-00  To Date

 Number of Transactions   1,155   39,504
 Gross Notional Value $   463,655,144   13,348,236,465

 Revenue from Physical flows to date ($)    389,590,286

 Number of New Counterparties transacting today    4
 Number of Counterparties having transacted to date    236

 N.A. Gas

 Number of Transactions   893   32,560
 Volume of Transactions (mmbtu's)   176,724,389   6,578,821,519
 Gross Notional Value $   369,245,902   10,725,358,246

 UK Gas

 Number of Transactions   118   2,192
 Volume of Transactions (mmbtu's)   23,947,500   290,654,000
 Gross Notional Value $   49,068,042   588,977,144

 Belgium Gas

 Number of Transactions   1   82
 Volume of Transactions (mmbtu's)   750,000   17,455,000
 Gross Notional Value $   95,813   33,077,248

 U.S. Power

 Number of Transactions   96   3,358
 Volume of Transactions (MWh's)   723,029   27,453,027
 Gross Notional Value $   28,797,941   1,012,870,946

 UK Power

 Number of Transactions   3   206
 Volume of Transactions (MWh's)   50,400   9,760,421
 Gross Notional Value $   1,621,319   366,340,778

 Swiss Power

 Number of Transactions   3   34
 Volume of Transactions (MWh's)   4,452   58,155
 Gross Notional Value $   92,703   1,291,297

 German Power

 Number of Transactions   25   241
 Volume of Transactions (MWh's)   95,357   1,981,993
 Gross Notional Value $   1,645,518   37,252,632

 Spanish Power

 Number of Transactions   -     6
 Volume of Transactions (MWh's)   -     17,713,650
 Gross Notional Value $   -     631,836

 Norwegian Power

 Number of Transactions   1   104
 Volume of Transactions (MWh's)   11,160   1,938,264
 Gross Notional Value $   179,786   28,427,265

 Crude & Products

 Number of Transactions   4   250
 Volume of Transactions (BBl's)   600,000   27,460,184
 Gross Notional Value $   9,861,600   369,447,080

 Petchems

 Number of Transactions   -     42
 Volume of Transactions    -     360,000
 Gross Notional Value $   -     59,888,900

 LPG

 Number of Transactions   7   190
 Volume of Transactions (BBl's)   56,000   2,184,000
 Gross Notional Value $   2,045,000   74,362,500

 U.S. Coal

 Number of Transactions   3   85
 Volume of Transactions (st)   18   2,033,424
 Gross Notional Value $   1,001,250   29,767,433

 U.S. Pulp & Paper

 Number of Transactions   -     4
 Volume of Transactions (st)   -     2,550
 Gross Notional Value $   -     1,500,750

 Plastics

 Number of Transactions   -     1
 Volume of Transactions   -     1,500,000
 Gross Notional Value $   -     427,500

 Emmissions

 Number of Transactions   -     58
 Volume of Transactions   -     145,000
 Gross Notional Value $   -     18,982,650

 U.S. Weather

 Number of Transactions   1   92
 Volume of Transactions    1   97
 Gross Notional Value $   270   59,760

 UK Weather

 Number of Transactions   -     22
 Volume of Transactions    -     22
 Gross Notional Value $   -     6,438

 Number of Users Logging onto EnronOnline:
 External Users with Execution rights    812
 External Users with No Execution Rights    62

 Internal Trading
 29-Feb-00  To Date
 Gas

 Number of Transactions   118   2,915
 Volume of Transactions (mmbtu's)   46,696,943   1,192,523,602
 Gross Notional Value $   115,033,723   2,111,296,314

 Power

 Number of Transactions   2   75
 Volume of Transactions (MWh's)   56,913   1,023,527
 Gross Notional Value $   1,623,870   30,817,983

 Coal

 Number of Transactions   -     -
 Volume of Transactions (st)   -     -
 Gross Notional Value $   -     -

 Emmissions

 Number of Transactions   -     -
 Volume of Transactions (st)   -     -
 Gross Notional Value $   -     -

 Total

 Number of Transactions   120   2,990
 Gross Notional Value $   116,657,593   2,142,114,297

Regards

Louise


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/10/2000
05:07 PM ---------------------------

"Chris Strickland" <chris@lacima.co.uk> on 10/04/2000 01:51:59 AM
Please respond to "Chris Strickland" <chris@lacima.co.uk>
To: "Les" <Les@lacima.co.uk>, "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc: "Julie" <julie@lacima.co.uk>
Subject: eprm articles

Hi guys,
?
Hope you are both enjoying Paris. We've past the  end of September which was
the deadline for the ext EPR article. Seeing as we  were going to use the
same data set for articles 2 and 3 I've done drafts of  them both. Please
have a look and get comments back to me asap before Robin  stars jumping on
us.
?
Best regards.
?
Chris.
?
 - eprm_02_03.ZIP


"Energy Market Report" <emr@econ.com> on 10/26/2001 07:48:51 PM

To:	"Energy Market Report" <emr@econ.com>
cc:
Subject:	Energy Market Report - 10-26-01

Energy Market Report
Friday, October 26, 2001

*See attached pdf file.
__________________________________________________________
Western Pre-Scheduled Firm Electricity Prices($/MWh)
October 26, 2001 for October 28, 2001

Peak(Heavy)
                   Low      Change**  High    Change**
NW/N. Rockies*    28.00       NA      29.50     NA
Mid-Columbia*     28.00       NA      29.50     NA
COB*              28.00       NA      28.50     NA
N. California*    25.50       NA      28.00     NA
Midway/Sylmar*      NA        NA        NA      NA
S. California*    25.50       NA      27.50     NA
Mead*             27.00       NA      28.00     NA
Palo Verde*       26.25       NA      28.00     NA
Inland SW*        26.25       NA      28.00     NA
4-Corners*        25.50       NA      27.00     NA
Central Rockies*  20.00       NA      24.00     NA
_________________________________________________________
Off-Peak(Light)
                   Low      Change**  High    Change**
NW/N. Rockies*    28.00       NA      29.50     NA
Mid-Columbia*     28.00       NA      29.50     NA
COB*              28.00       NA      28.50     NA
N. California*    25.50       NA      28.00     NA
Midway/Sylmar*      NA        NA        NA      NA
S. California*    25.50       NA      27.50     NA
Mead*             27.00       NA      28.00     NA
Palo Verde*       26.25       NA      28.00     NA
Inland SW*        26.25       NA      28.00     NA
4-Corners*        25.50       NA      27.00     NA
Central Rockies*  20.00       NA      24.00     NA

*Denotes trading of flat, 24-hour products.
**"NA" changes are not applicable because prices for on and off peak goods
are not comparable to flat products.
_________________________________________________________
Western Pre-Scheduled Firm Electricity Prices($/MWh)
October 26, 2001 for October 29, 2001

Peak(Heavy)
                   Low      Change**  High    Change**
NW/N. Rockies     31.50       NA      33.40     NA
Mid-Columbia      31.50       NA      33.40     NA
COB               30.00       NA      34.50     NA
N. California     32.00       NA      35.25     NA
Midway/Sylmar       NA        NA        NA      NA
S. California     32.10       NA      36.00     NA
Mead              33.50       NA      37.75     NA
Palo Verde        33.00       NA      36.50     NA
Inland SW         32.00       NA      36.50     NA
4-Corners         33.00       NA      33.75     NA
Central Rockies   32.00       NA      33.50     NA
_________________________________________________________
Off-Peak(Light)
                   Low      Change**  High    Change**
NW/N. Rockies     28.00       NA      29.50     NA
Mid-Columbia      28.00       NA      29.50     NA
COB               28.00       NA      28.50     NA
N. California     25.50       NA      28.00     NA
Midway/Sylmar       NA        NA        NA      NA
S. California     25.50       NA      27.50     NA
Mead              27.00       NA      28.00     NA
Palo Verde        26.25       NA      28.00     NA
Inland SW         26.25       NA      28.00     NA
4-Corners         25.50       NA      27.00     NA
Central Rockies   20.00       NA      24.00     NA

**"NA" changes are not applicable because prices for on and off peak goods
are not comparable to flat products.
_________________________________________________________
Intertie De-rated

Amid a backdrop of mild weather and steady to falling loads across the
region, Western peak power prices held steady in Friday trade.  The volume
of trading was exceptionally low and price ranges tightened across every
trading hub, usually with the low end coming up to meet the high.  "Heavy
load volume went way down, but I'm at a loss as to why off-peak demand
continued to trade," mumbled one bewildered player.  One analyst speculated
that with daytime highs near comfortable levels, "heating demand should only
be kicking in at night."  The market did indeed appear unusual throughout
the West on Friday.  Contrary to norms, power at Palo Verde and South Path
sold at a premium to Mid-Columbia pieces.  One possible factor for this
anomaly could be the de-rating of the California-Oregon Intertie from
between three- and four-thousand megawatts to 600 MW for scheduled
maintenance, which will last through October 28.  "This could have
effectively isolated the Pacific Northwest with lower load demands and
near-normal generating capacity, only with nobody to whom to export," one
analyst postulated.  While NYMEX made up for Thursday's losses, spot gas
prices at the Southern California border fell by almost 25 cents on Friday.
The Henry Hub natural gas contract for November climbed 10.3 cents to close
at 3.041$/mmBtu, while December gas trailed along, gaining 8 cents on Friday
's trades to close at 3.183$/mmBtu.

On Friday, Mid-Columbia peak power traded at a discount to power in the
Southwest.  Heavy load pieces traded in a tight range, between 31.5 to
33.4$/MWh on Friday, and this included the usual premium that comes with
trading three days out. One player speculated that the lack of volatility at
Mid-Columbia was due to the "loss of transmission capacity at the
California-Oregon Intertie."  Temperatures were forecast to hover near
normal in the Northwest through the weekend, with reservoir-building
precipitation called for on Friday, Monday and Tuesday.  The latest
six-to-ten predicted near-to-above normal temperatures would prevail from
November 1 to 5, which suggested that daytime heating demand would not be
likely in the week-and-a-half to come.  Flow forecasts for Chief Joseph held
steady at 45 kcfs for Saturday, 40 kcfs Sunday, 65 kcfs from Monday through
Thursday, and 60 kcfs on Friday.  No specific unit news was forthcoming,
although aggregate output of northwest hydro units was reportedly down by
over 1400 MW due to curtailed flows.

Golden State electricity prices were mostly flat for the Sunday/Monday
package to Thursday, with off-peak prices edging up on the usual all-day
Sunday premium.  Light load energy costs at SP15 and NP15 climbed 2.1 and
3$/MWh, respectively.  SP15 prices were seen at a slight premium to NP15 in
a light trading session, as many players sat on the sidelines, covering
their loads, but otherwise out of the spot market.  In political news,
California's State Board of Equalization voted to switch tax jurisdiction of
power plants from the local to the state level in 2003.  The state reported
it will tax the plants based on "fair market share", and predicted that more
revenues will be raised under the new system.   Also in the news, California
will not build new transmission lines, used to import power from neighboring
states Nevada and Arizona, until at least 2008.  The generation landscape
was little changed on Friday.  The Shasta hydro units (526 MW) were
completely off-line.  "The reservoirs are probably too low to support any
generation right now," speculated one analyst.  Temperatures in California
were expected to range from the low-70s to low-50s through Tuesday,
producing little weather-related electricity demand in the state.  Keeping
hope for more demand in the near future down, the latest six-to-ten from the
NWS called for normal temperatures from November 1 to 5.

Southwest peak power was a hot commodity in the WSCC on Friday.  Peak goods
for Monday delivery fluctuated between 33 and 36.5$/MWh at Palo Verde, which
boasted a higher volume of trade than its neighboring hubs.  Some players
speculated that the "Palo premium" was based on high natural gas prices that
caused many California gas-fired plants to remain dormant and buy power from
outside the state.  "Without the California-Oregon Intertie, nobody could
access Northwest hydropower, so everybody lined up at Palo Verde and SP-15,"
commented one seasoned marketer.  Temperatures ranged from the high 80s in
Phoenix to the mid-60s in Salt Lake City, with forecasts calling for
temperatures to continue to hover just above normal through Tuesday.  The
latest six-to-ten extended the above-normal forecast through November 5.  On
the generation front, Navajo #1 (750 MW) returned to the grid on Thursday
night as expected after completing water pump repairs.

David Ramberg and Jessie Norris
_________________________________________________________

Western Generating Unit Outages

Current                            Begins          Ends          Reason
CAISO units <250/6308 total          NA             NA
planned/unplanned*
Alamitos #3/320/gas               20-Oct-01         ?            planned
Bridger #2/520/coal               24-Oct-01         ?            unplanned
Bridger #3/520/coal               24-Oct-01      27-Oct-01       tube leak
Comanche #2/335/coal              29-Sep-01      30-Oct-01       maintenance
Contra Costa #7/337/gas           01-Sep-01         ?            planned
El Segundo #3/337/gas             02-Oct-01         ?            unplanned
Etiwanda #3/320/gas               05-Oct-01         ?            unplanned
Helms PGP #2/407/hydro            01-Oct-01         ?            planned
Hyatt/Thermalito/900/hydro        02-Oct-01         ?        @ 250MW,
planned
Los Medanos/550/gas               19-Oct-O1         ?        @ 250MW,
planned
Ormond Beach #2/750/gas           05-Oct-01         ?            unplanned
Palo Verde #2/1270/nuke           10-Oct-01      30 days         maintenance
Palo Verde #3/1270/nuke           29-Sep-01      03-Nov-01
refuel/maint.
Redondo #7/480/gas                23-Oct-01         ?            planned
San Juan #4/534/coal              20-Oct-01      07-Nov-01       maintenance

For unit owners refer to pdf version.
*Indicates a change from previous EMR.
______________________________________________________________________

Eastern Markets Pre-Scheduled Firm Power Prices ($/MWh)

October 26, 2001 for October 29, 2001

Peak (Heavy) in $/MWh
                 Low     Change   High      Change
Into Cinergy    31.00     2.50    32.50     -1.45
Western PJM     31.40     1.90    32.90      1.75
Into Entergy    25.55     0.30    29.00      1.00
Into TVA        30.00     0.00    34.50      2.75
___________________________________________________________
In an active Friday trading session, peak power prices for Monday delivery
strengthened across the Eastern Interconnect on cooler weather and
increasing natural gas prices.  "This week the power markets are following
gas up.  Some Hubs, like Entergy, were simply too cheap before, and those
have made particularly strong gains," opined one market analyst.  The
mercury dropped all across the East Friday, and was expected to remain in
the nippy range through Tuesday.  Forecasts were calling for daytime highs
only in the 40s and 50s, and overnight lows in the downright chilly 20s and
30s were expected.  NYMEX Henry Hub gas contracts traded actively on Friday,
a day ahead of expiring November contracts on Monday.   November climbed
10.3 cents to close at 3.041$/mmBtu, and December also edged up 8 cents to
end at 3.183$/mmBtu.

Heavy load energy costs in the Mid-Atlantic rose in Friday trade, amid
higher predicted loads for Monday and strong natural gas markets.
Generation was healthier on Friday, with off-line Megawatts dropping.  Nuke
Indian Point #2 (965 MW) was off-line, entering a 20 day maintenance outage,
and rumors indicated that Peach Bottom #2 (1,152 MW) might have returned to
the grid a day ahead of schedule on Friday.  Western PJM goods were trading
from 31.4 to 32.9$/MWh. With a mean of 22.5$/MWh through 15:00 EDT, LMPs
were very stable on Friday, fluctuating within 4$/MWh of the average all day
after the usual early-morning spike.  Overnight lows in the 30s were
expected through Tuesday of the new week, kicking up heating demand.
Nonetheless, the latest six-to-ten from the NWS called for above-normal
temperatures from November 1 to 5.

Like the rest of the Eastern spot market, peak power prices in the Midwest
were natural gas dependent on Friday. No new outages were reported and gas
costs were expected to outweigh weather-related demand for the new week.
Electricity prices edged down slightly, with Into Cinergy goods changing
hands between 31 and 32.5$/MWh, losing 1.45$/MWh on the high end, but
tightening the range on the low.  The Midwest was expected to be the coldest
region over the weekend and into the new week, with temperatures not
expected to reach any higher than 59 degrees through Tuesday, with overnight
lows in the 20s and 30s.  However, the latest six-to-ten predicted
above-normal temperatures from November 1 to 5.

In the Southeast on Friday trading was particularly active, with heavy load
electricity prices gaining ground yet again, as a brief bout of winter
weather was expected for the new week and strong natural gas costs pushed
prices higher.  Into Entergy pieces traded between 25.55 and 29$/MWh, with
the day's low seen right out of the gate and the high reached late in the
session.  Some market players mentioned that cash gas (inside the month
trades) were really moving the Entergy market on Friday.  Into TVA was a
less liquid market, with deals done between 30 and 34.5$/MWh.  Temperatures
were expected well below normal through Tuesday, with overnight lows solidly
in the 30s.  The weather trend was expected to reverse though, with
above-normal temperatures predicted from November 1 to 5.
___________________________________________________________
California ISO Congestion Index in $/MWh

                         Path                 Peak   Off-peak
for 27-Oct-01         NW1 to NP15             0.00     0.00
                      NW3 to SP15             0.00     0.00
                      AZ3 to SP15             0.00     0.00
                      LC1 to SP15             0.00     0.00
                      SP15 to NP15            0.00     0.00

OTC Forward Peak Electricity Contracts in $/MWh

               Mid-C            PV             SP-15
           Bid      Ask     Bid     Ask     Bid     Ask
BOM       34.25    34.75   34.25   34.75   34.75   35.00
November  35.25    35.75   32.75   33.00   34.00   34.50
December  42.50    43.00   36.25   36.75   38.00   38.50
Q1 '02    38.00    39.00   35.00   36.00   37.25   37.75
Q2 '02    28.50    29.50   37.50   38.75   37.00   37.50
Q3 '02    46.00    47.00   55.00   57.00   51.25   52.00
Q4 '02    40.00    41.00   37.25   38.25   40.50   41.25
Cal '03   42.00    42.25   42.00   43.00   43.50   45.00

Represents the most recent bid/ask spread obtainable
by the Energy Market Report.

Alberta Power Pool Index (C$/MWh)

                    Peak(14)   Peak(16)   Off-Peak       Flat    Change
for  25-Oct-01       62.27      61.90      32.56         53.01    12.45

BPA's Offer in $/MWh

Hours     Amount          NW               COB           NOB

BPA has no offer until further notice.

NYMEX Henry Hub Gas Futures in $/mmBtu

                 Close        Change
        Nov      3.041         0.103
        Dec      3.183         0.080

Natural Gas Spot Prices in $/mmBtu

                  Low          High
Sumas             2.57         2.62
So. Cal Border    2.78         2.83
San Juan          2.51         2.56
__________________________________________________________

Economic Insight, Inc. - 3004 SW First, Portland, Oregon 97201,
Telephone (503) 222-2425, Internet e-mail emr@econ.com -
Copyright, Economic Insight, Inc. 2001.

 - 10.26.01.pdf
 - EMR Prices.xls
 - WPU.xls


Start Date: 1/26/02; HourAhead hour: 10;  HourAhead schedule download failed. Manual intervention required.


We are pleased to announce the addition of David Guillaume to ENA-Portland.

David comes to us from EBS-Portland Enterprise Origination. He began at Enron in mid-'00 as an Associate with ENA's North East Power Origination group in Houston. He will be transitioning into his new position with West Origination.

Please join us in welcoming David to ENA!


_________________________________________________________________

                        F O O L W A T C H
                     Tuesday, December 5, 2000

benjamin.rogers@enron.com
_________________________________________________________________

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MsgId:
msg-14220-2000-12-05_18-10-53-6545389_1_Plain_MessageAddress.msg-18:35:10(12-0
5-2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


We're almost there on the new PA language, just a little tweaking left to do.  I'm doing reviews all day today so won't be able to get it to you until Monday.  I agree with your comment on the Pop - up language - probably something to the effect of "Not at this time."

 -----Original Message-----
From: 	Shults, Bob
Sent:	Thursday, August 16, 2001 5:39 PM
To:	Taylor, Mark E (Legal)
Cc:	Gray, Barbara N.
Subject:	RE: Pop Up Box Language

Anything more on this.  I sent my comments on the pop up language back to you.

 -----Original Message-----
From: 	Taylor, Mark E (Legal)
Sent:	Wednesday, August 15, 2001 2:39 PM
To:	Shults, Bob
Cc:	Gray, Barbara N.
Subject:	FW: Pop Up Box Language

 << File: Pop Up Box Language.doc >>
 -----Original Message-----
From: 	Taylor, Mark E (Legal)
Sent:	Wednesday, August 15, 2001 2:38 PM
To:	Shults, Bob
Cc:	Gray, Barbara N.
Subject:	Pop Up Box Language

Bob --

Here is our first draft of the pop-up box language.  Please circulate among the appropriate members of your group and let Barbara or me know if you have any comments.  Language for the revised Password Application will follow.

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
(713)853-7459


The talking points will be delivered to Chairman Wood tomorrow.   As per our
discussion, I have removed any references to Enron from the recommendations.
Thanks, Jean Ryall

Thane Twiggs@ENRON_DEVELOPMENT
05/14/2001 07:41 PM
To: Richard Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Janet R
Dietrich/HOU/EES@EES
cc: Linda Robertson/NA/Enron@ENRON, Doug Gilbert-Smith/Corp/Enron@ENRON,
Christopher Ahn/Enron@EnronXGate, Jean Ryall/NA/Enron@ENRON, Gloria
Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Leslie Lawner/NA/Enron@Enron,
Patrick Keene/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT

Subject: Talking Points to Chairman Pat Wood

Please find attached talking points to PUCT Chairman Pat Wood regarding the
starting date of the Texas Choice Pilot Program and the implementation of the
ERCOT ISO Protocols.  We have been advised that the talking points would not
violate an existing ex parte prohibition.  As you may know there was a motion
for reconsideration on the Docket to approve the Protocols by the PUCT.  The
talking points do not discuss the protocols or their merits, but only deal
with the systems to implement the protocols and the Texas Choice Pilot
Program.  Marianne Carroll will convert the talking points to Carroll and
Gross letterhead and have them delivered to Chairman Wood tomorrow in
Washington D.C.

I will be traveling to Austin tomorrow in the a.m. for the ERCOT Board
Meeting, however, please free to contact me if you have any questions or
concerns.

Thane Thomas Twiggs
Enron Corp
1400 Smith Street
Houston, Texas 77002

713-853-3199 Voice
713-408-4463 Mobile
713-646-8272 Fax
877-968-8967 Digital Pager or 8779688967@skytel.com


This is a very good try.  I think it comes off too defensive and too general
(I just don't think the topic lends itself to the format).  Here's what I
think we should do: Jeff is filming a piece for etv about the stock price.
We should perhaps use, and expand upon, those messages.  This approach is
more directed at the bottom line: why our stock price should go up.

	Sarah Palmer@ECT
	03/09/2001 03:14 PM

		 To: Steven J Kean/NA/Enron@ENRON
		 cc: Mary Clark/Corp/Enron@ENRON
		 Subject: Re: Per Your Request

Thanks Steve.  Here's an initial draft -- I've taken a very light "eBizy"
approach to delivering the message.  Perhaps by having some fun with it we
can look a little less defensive.  Let me know if we're on track or pitifully
way off.  Thanks.

Comparing Enron to Apples

You may have noticed ) or you may be asking why ) industry analysts often
compare Enron to Wall Street firms like Goldman Sachs or investment banks
like Chase Manhattan.  We thought it was time to sort out any confusion
between our businesses, just in case someone asks you to explain.  Here's how
we're different from those guys:
w Enron provides physical delivery of energy products to customers ) we are
not just traders.  Those guys mainly act as brokers and do not participate
physically.
w Enron proactively seeks to reform and create markets.  Those guys simply
participate and compete.
w Enron extends its business model into new and deregulating markets,
enabling high growth rates.  Those guys are in markets that generate less
aggressive growth rates.
w Enron owns physical assets that provide consistent cash flow, such as our
pipelines.  Those guys do not have them.

And if that's not enough, we think our employees are so much cooler than
theirs.

	Steven J Kean@ENRON
	03/09/2001 01:06 PM

		 To: Mary Clark/Corp/Enron@ENRON, Sarah Palmer/HOU/ECT@ECT
		 cc:
		 Subject: Per Your Request

Here are the message points
----- Forwarded by Steven J Kean/NA/Enron on 03/09/2001 01:05 PM -----

	Yorleni Mendez
	03/08/2001 10:00 AM

		 To: Steven J Kean/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON
		 cc:
		 Subject: Per Your Request


Attached for your review is a rough cut at slides we're preparing for the
meeting with Sempra next Thursday.  Thoughts and comments are appreciated.
Please disregard korny title.


----- Original Message -----
From: "Michael Barham" <MEBarham@duke-energy.com>
To: <esaibi@houston.rr.com>
Sent: Thursday, January 17, 2002 4:17 PM
Subject: Re: Question for seller -- Item #1061456076

>
> We should go out for a drink.
>
> My # is 713-989-0742 work and 713-877-1722 at home.
>
> Give em hell.
>
> -M
>
>
>
>
>
>                     "Eric Saibi"
>                     <esaibi@houst        To:
<mebarham@duke-energy.com>
>                     on.rr.com>           cc:
>                                          Subject:     Re: Question for
seller -- Item
>                     01/17/2002           #1061456076
>                     03:59 PM
>
>
>
>
>
>
> More like $15, I needed to do something to keep myself occupied these
days.
> Glad your back in town we should get a drink sometime.  Oh, I got alittle
> heat at work about that article too.  Oh well, it was good advertising.
> Take it easy.  Eric
>
> ----- Original Message -----
> From: <mebarham@duke-energy.com>
> To: <esaibi@houston.rr.com>
> Sent: Thursday, January 17, 2002 1:22 PM
> Subject: Question for seller -- Item #1061456076
>
>
> > eric, i hope you trade ercot power as well as you hock this enron crap.
> didn't i see this in the enron store 2 days ago for 25 bucks or something?
> >
> > how are ya?  looks like your auctions are going well and you're being
> quoted in te chronicle so things have to be going somewhat well.
> >
> > i left constellation and went to duke.  head power options trader.
happy
> to be back.  drop an e-mail sometime.  mebarham@duke-energy.com
> > --------------------
> >
> >
> > Question from:           mebarham
> > Title of item:           ENRON Sterling Silver Tiffany Key Ring NEW NR
> > Seller:                  esaibi
> > Starts:                  Jan-10-02 13:55:38 PST
> > Ends:                    Jan-17-02 13:55:38 PST
> > Price:                   Currently $202.50
> > To view the item, go to:
> http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1061456076
> >
> >
> >
> > Visit eBay, The World's Online Marketplace TM at http://www.ebay.com
>
>
>
>
>


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/28/2000
04:33 PM ---------------------------

Bjorn Hagelmann
01/28/2000 09:25 AM
To: William S Bradford/HOU/ECT@ECT, Jonathan Le/HOU/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT
cc: Rick Buy/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT
Subject: Credit Applicatiions in GRMS

THIS NOTE IS FROM TED MURPHY (not bjorn hagelman)

My understanding is that yet another meeting has been scheduled with the
intent of diverting resources from the GRMS project to some other project.

While I am not privy to the urgency of this other project, I do know that we
have a very large, multi -phase project going in GRMS.
GRMS stands for the GLOBAL RISK MONITORING SYSTEM.  It is not intended to be
a commercial trading product not is its primary purpose for commercial
decision-making.  Conceptually, it is a risk warehouse for the primary
purpose of RAC due to the deficiency of current front office trading systems
and their inability to provide timely, aggregated information useful to RAC.

RAC has spent over a year developing a business plan scope and detailed task
list to accomplish its objectives.  As a firm we are woefully behind our
press clippings in our ability to aggregate and understand our risk profile.
My most recent sojorn  in Europe is a classic example of the current systems
inabilty to aggregate and meet the needs of RAC having abetted poor decision
making and causing cash losses in well in excess of the GRMS budget or that
of the Market Risk Group in RAC.

The GRMS project is a requirement that Bill Bradford and I have in order to
do our jobs.  We have delegated authority to Debbie Brackett and Rudi Zipter
to make decisions regarding priorities and as such meet regularly with
Jonathon and his team as well as Rick Buy to provide updates.  While progress
is never as fast as we would like it, in every instance in which we have only
to rely on RAC, Jonathon's team and Research to make a deadline it haas been
hit.  The primary reason for any delays whatsoever has been the diversion of
resources off the project or the reliance for cooperation from some other
source - most recently the IT staff in London was a tremendous impediment to
deadlines.

Please excuse the frustration that is apparently coming through in this note,
but I feel like the boy with his finger in the dyke and no one is listening.
Also, I have had several employees come to resignation over their frustration
on the lack of management support for this project, usually manifesting
itself in the lack of resources or the diversion of resources devoted to it.

I think we have proven collectively that we can organize a modular multiphase
project and provide tangible deliverables when not distracted.  Please let us
do our jobs.  I do not denigrate the efforts of others, but I believe that
they must either submit their detailed requirements to us for our
consideration of their worthiness to put in OUR que or develop their own
project with their own resources.

Thank you for your consideration of this opinion.  As it relates to things
that will effect the ability of Market Risk to do its job, please consult me
as I would you.

Ted


Carmella, would you distribute this memo to everyone on the agricultural
distribution list, and provide me with a listing of those to whom you have
distributed it?  -- thanks, Bob

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


(See attached file: hpl0617.xls)

 - hpl0617.xls


Attached are the final documents which includes

1.  Agency and Management Agreement - Clean and Redlined copy which shows the changes per my discussion with Jay Goleb at Baker & Botts
2.  Gas Confirm for June 1 thru June 4, 2001
3.  Gas Confirm for June 5 thru June 30, 2001
4.  Gas Conform for July 1 thru October 31, 2001
5.  GTC which applies to all three confirms
6.  Agency Notice Letter - Mexicana to send to its Permian suppliers for notice of Enron's agency.

Please print out and execute documents 1 thru 5 and fax to Barry Tycholiz.  We will follow up with duplicate originals for execution.  Thanks for all your cooperation.


Dad and mom,

As for my Cyprus trip, I flew into Lafkosia, the Turkish controlled half of
a town that the Greeks call Nicosia (which is probably the name that shows
up on the map).  From there went to a town called Maras (Greek name Varosha)
on the east coast.  Actually stayed in the contiguous town named Gazimagusa
(Famagusta to the Greeks).  (Just the name confusion suggests some pretty
deep problems on Cyprus, doesn't it.)  Have been working on an piece about
Maras for the last few days. Think its a winner.  Maras has been a ghost
town since the Turkish "peace operation" (i.e. invasion) in 1974, its empty,
spooky beach lined by abandoned high rise hotels.  Could get only so far as
a militarized border fence.  Should be timely in light of UN sponsored
"proximity talks" between the two sides that continue in Geneva on January
31st.

After going to Girne (Kyrenia), I returned to Turkey by a hydrofoil, which
though not similar in design probably close to the size of the ferry we used
to cross from SF to Marin.  I suppose that it riding above the waves at
times made things more smooth, though it didn't seem that way.  (Not even
sure those things are to be used on rough seas.) Occasionally when we hit a
big roll the bottom of the boat would drop back down to the sea with a huge,
literally nauseating slap.  (The boat equivalent of a belly flop I suppose.)
  I think the skipper, to avoid the roughest of the seas, cut directly over
to the Turkish coast, which we then followed east to the port of Tasucu.  I
guess it was probably a wise strategy, but more than doubled the time (and
discomfort).  Still, especially now consigned to memory, a great experience.

It's snowing here too, pretty hard.  First big one for Istanbul, though the
rest of Turkey has been hit hard already.  (For example, I was wearing sun
glasses on my train ride back here, to cut down the snow glare.)  Most of
the snow now falling seems to be melting on the ground.  Besides being
beautiful (from the comfort of inside), my English lesson (I'm the teacher,
believe it or not) was cancelled, so I'm excited to get back to my writing.

Things go well.  Thanks for the note.

Love,

Mark-O

>From: TOMSKILLJR@aol.com
>To: markskilling@hotmail.com
>CC: ermak@gte.net, tskilling@tribune.com, TOMSKILLJR@aol.com,
>jskilli@enron.com
>Subject: Letter to Mother and Train trip
>Date: Wed, 19 Jan 2000 17:24:47 EST
>
>       Mark;   Your letter of Jan 19 to your Mother was wonderful.  I can't
>get over the train ride;  I figure that the distance from looking at the
>atlas would be at least 400 miles as the "crow flies" and probably close to
>600 miles by rail.  If trains ran at that kind of cost there would be
>little
>need for highways in this country but of course we would all be broke
>trying
>to pay taxes.  Did you fly to Cyprus?  Or fly near and boat to the Island?
>I'll bet that was a neat trip.  I looked Cyprus up in the Brittanica in the
>computer and saw that the Greeks control the biggest portion of Cyprus as
>far
>as the population is concerned and I imagine you didn't see much of the
>Greek
>portion.  A wonderful trip.  I want to get this off so I say----LOVE and
>KISSES  DAD
>       PS   Mother will write tomorrow.   It is snowing and supposed to be
>3-6
>inches by tomorrow  and minus 25 wind chill tonight.  I think winter has
>arrived.

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com


Leslie,

I have shut Alliant Energy Corp. down for Power.

Thanks,
Stephanie x33465

Leslie Hansen
12/07/2000 04:17 PM
To: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc: Rhonda L Denton/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
Subject: Alliant Energy Corp.

I was informed that Alliant Energy Corp. did a physical power deal on EOL
today.  This CP is NOT authorized to trade US power products, so please shut
them down for such products as soon as possible.

Thanks,

Leslie


Steve,

Attached, for your information and reference, is copy of a presentation that
was created as an internal briefing document on the business activities
within EGM.  The purpose of this presentation is to communicate our
activities and provide individuals with a more detailed reference document on
these businesses in case they come up in Q&A.

This is a confidential and internal document, which includes earnings
targets, goals and objectives.  We have a shorter more external version that
we use to describe our businesses.  I can provide that copy if you are
interested.

Please don,t hesitate to contact me if you have any questions or would like
to discuss this in more detail.

Thanks,
mike

PS I sent this to IR and Palmer but yours came back due to a bad email
address at EES.


Carol, thanks for your list. I have inserted some comments/responses on a
preliminary basis in the hope that it will help Encore focus on the issues.
I have not spoken to Mike Roach on the credit issues since receiving your
email.

-----Original Message-----
From: Carol.St.Clair@enron.com [mailto:Carol.St.Clair@enron.com]
Sent: Tuesday, May 29, 2001 8:57 AM
To: keith.ferguson@fmc-law.com
Cc: Edward.Sacks@enron.com
Subject: Encore Issues List

Keith:
As we discussed, here is Enron's legal/credit issues list on the ISDA:

1.   We cannot agree to cross-acceleration.
[KF: I assume you are referring to "Default under Specified Transaction".
Encore's view (and the view of a majority of its counterparties) is that
where the same parties have both physical and financial transactions
outstanding, a default under one category of transaction is sufficiently
significant that it should trigger a default under the other. There may be
reasons why Enron feels this is inappropriate, and we would appreciate your
comments.]

2.   There is a note that the cross default threshold needs to be
discussed.  Enron's $100 million threshold is based on the threshold that
its banks accept in its credit agreements.
[KF: In the transactions documented in November/December of last year, the
$100 million threshold was accepted as a materiality threshold in relation
to Enron Corp., and a $50 million threshold was accepted for Epcor Utilities
Inc.  I'm not sure why the reduction to $25 million for Epcor was suggested.
More importantly, I understand Mike Roach and Ed Sacks have been discussing
an alternative, which would be a percentage of net tangible assets, and that
Mr. Sacks was going to give that some thought.

3.   We prefer elective termination on bankruptcy.
[KF: Our concern is that creates a risk for the non-insolvent party in
relation to other creditors of the bankrupt party who may have automatic
termination clauses in their agreements. The short-form agreements signed in
late 2000 appear to accept automatic termination.]

4.   We prefer the Loss method.
[KF: Are you opposed to the non-defaulting party having the choice between
Loss and Market Quotation?}

5.   We would like to discuss with you your credit rating test for defining
the "materially weaker" standard in Credit Event Upon Merger as well as the
timing for posting collateral as it appears in this provisions as well as
the Credit Support Annex.  We believe that 7 Business Days is too long for
posting an LC.
[KF: I need to discuss the first point with Mike Roach. With respect to the
second point, we are advised by Epcor's treasury group that the time frame
is necessary, and that is part of the reason we wish to have cash qualify as
Eligible Collateral; if the time frame is required to produce an LC, we
would envision putting up cash within, say, a two Business Day period and
substituting an LC when it is issued.]

6.   We would like to make the GP of Encore a "Specified Entity".  We need
to discuss with you your request to modify the definition of "Specified
Transaction" to include physical transactions.
[KF: I assume this is related to your first point.]

7.   In the MAC Additional Termination Event, we would like to propose a
cure through the posting of collateral.
[KF: Agreed; I assume the value would be an amount determined by the other
party, acting reasonably?]

8.   We would like to discuss your proposed chnages to Section 13(b).
[KF: If Alberta law is to apply, we thought Alberta courts should have
jurisdiction. I understand that both parties have offices and conduct
business in Alberta.]

9.   We need to discuss the arbitration language.
[KF: For background, this language was proposed by Enron and is consistent
with the approach taken in the prior agreements.]

10.  We would like to understand why you want to change the definitions of
Default Rate and Interest rate.
[KF: Again, this was done to "Canadianize" the agreement. References to U.S.
rates when the currency is Canadian dollars didn't seem appropriate.]

11.  Why do you want to exclude Sections 7.3 trough 7.6 of the Commodity
Definitions Supplement?
[KF: I intended only to modify them as set out in the Schedule.]

12.  In the "Recording" section we would like to add the phrase "To the
extent permitted by applicable law" at the beginning of the last sentence.
[KF: Agreed.]

13.  We cannot agree to No Fault Termination.
[KF: This is a significant issue. In the event of a fixed for floating price
swap and a protracted disruption in the Alberta Power Pool price, my
understanding is that Enron would expect the swap to continue with the
floating price being determined hourly by quotes from two reference dealers.
Our view is that creates a significant risk to both parties that the
commercial basis for their agreement will be undermined and that No Fault
Termination is the better approach.]

14.  We cannot accept Surety Bonds as a form of collateral to secure
financial obligations.   Looks like LC's would be the only form of
acceptable collateral.
[KF: Mike Roach advised me about the Surety Bond issue. He also advised that
Enron has concerns about cash qualifying as collateral because of concerns
about perfecting a security interest in cash. Can you outline the concerns?]

15.  We need to discuss the credit threshold language as well as the
rounding amounts.
[KF: I understand that is part of the discussion between Messrs. Sacks and
Roach. I also understand Mr. Sacks is undertaking due diligence concerning
what he perceives to be the "political risk" in the Alberta marketplace, and
that this needs to be completed before the specific credit issues are
addressed. Can you confirm?]

16.  We need to discuss what constitutes an acceptable LC Issuer.
[KF: I expect both parties have LC facilities established and this point in
part involves understanding which banks are involved. If the Epcor
information has not been provided, please let me know and I will arrange to
have it passed on.]

I look forward to hearing from you.

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

Regards,
Keith Ferguson
FRASER MILNER CASGRAIN LLP
<http://www.fmc-law.com/>
2900 Manulife Place
10180 - 101 Street
Edmonton, AB  T5J 3V5
(780) 970-5285 Direct Line
(780) 423-7276 Fax
keith.ferguson@fmc-law.com

This message, and any documents attached thereto, is intended only for the
addressee and may contain privileged or confidential information.  Any
unauthorized disclosure is strictly prohibited.  If you have received this
message in error, please notify us immediately so that we may correct our
internal records.  Please then delete the original message.  Thank you.


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 07/17/2000
02:25 PM ---------------------------

Jason Moore
07/11/2000 12:42 PM
To: Hunter S Shively/HOU/ECT@ECT
cc:
Subject: Gas Counterparties

Attached please find a list of active counterparties that ENA is doing gas
business with, along with their addresses.  The list is in alphabetical order
by the legal name.

Jason Moore


Maybe we should knock down the walls of those cavernous offices on the top
floor.

Mark Frevert@ENRON
07/24/2000 06:17 AM
To: Steven J Kean/HOU/EES@EES, Cindy Olson/Corp/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, Mark Koenig/Corp/Enron@ENRON
cc:
Subject: Canary Wharf - Update for Executive Committee

Just a quick update on our real estate escapades. Regards . Mark
---------------------- Forwarded by Mark Frevert/NA/Enron on 07/24/2000 06:09
AM ---------------------------

Fernley Dyson@ECT
07/24/2000 05:33 AM
To: John Sherriff/LON/ECT@ECT, Mark Frevert/NA/Enron@Enron
cc: Jackie Gentle/LON/ECT@ECT, Jon Chapman/LON/ECT@ECT

Subject: Canary Wharf - Update for Executive Committee

John - as requested. You may wish to 'top and tail' this.

Enron continues to expand aggressively in Europe.  Forty Grosvenor Place, our
European Headquarters, continues to accommodate this expansion, but the long
lead times involved in obtaining premises in London require us to evaluate
the future accommodation requirements of the business now.

We are considering a number of scenarios, and have reviewed all currently
available sites within a 25 mile radius of Central London. Ideally we would
be looking to accommodate all Enron employees in one building, and we require
significant swing capacity to expand or contract the space available
depending on our business requirements.

One of the options currently available is a site being developed by Canary
Wharf in London's Docklands. We have been looking to secure an option on this
site so that we may properly evaluate the opportunity and consult with our
employees.

On Friday 21 July we agreed non-binding Heads of Terms with Canary Wharf for
the letting of 1.5m sq. ft. This was a prerequisite to obtaining exclusivity
whereby we have until 30 September to negotiate contractual terms or walk
away from the deal.

We will continue to evaluate other options, and there is clearly no
commitment to conclude a deal with Canary Wharf.

An announcement was made to employees at the all staff update last Thursday
(attached).

Media speculation has forced Canary Wharf to issue a London Stock Exchange
Announcement confirming that we have agreed outline terms on a potential
letting and that discussions continue.

---------------------- Forwarded by Fernley Dyson/LON/ECT on 24/07/2000 10:41
---------------------------

	Enron Information Technology

	From:  Enron Europe General Announcement                           21/07/2000
15:22

Please respond to Jackie Gentle/LON/ECT
To: ECT London
cc:

Subject: Newsletter: EuroFlash!!

Yesterday morning during the all-employee staff update, Fernley Dyson, on
behalf of John Sherriff, provided staff with an update on the impact Enron,s
rapid growth in Europe is having on our overall space needs at Enron House.
It was acknowledged that this is an important subject and one about which
many employees have a lot of questions.

The message was clear.  In the day to day decision-making process about Enron,
s commercial activities, it is critical to understand what options are
available and to keep as many avenues open as possible.  In turn, it is
equally important to take this same approach when looking at Enron,s future
office space requirements.

What is the bottom line?

Looking to the future, the preference would be for all London-based employees
to be housed in a single location.

One of the options under consideration is Canary Wharf, but we must stress
that no decision has been taken at this time.

We are currently evaluating all the options available to us in the London
property market.

If we are to move to a new building, it will not occur before 2003.

We will be seeking input and feedback from employees as part of the
decision-making process.

We are committed to keeping the channels of communication open and to provide
information to employees on a timely basis.


Looks like this guy did it again.  He monetized a deal without going through structuring.  I replied to this and told him to call Moon.  Any other suggestions?

KK

 -----Original Message-----
From: 	Dawson, Sherry
Sent:	Monday, December 03, 2001 11:37 AM
To:	Swinney, John; Keiser, Kam
Subject:	FW: SAC Capital and President and Fellow of Harvard College

 -----Original Message-----
From: 	Dyk, Russell
Sent:	Monday, December 03, 2001 11:33 AM
To:	Dawson, Sherry
Cc:	Abramo, Caroline; Zivic, Robyn
Subject:	SAC Capital and President and Fellow of Harvard College

These monetizations were approved and executed.


Barbara/Jeff:

In the  TurboPark world there will be certain impacts on how power projects
involving physical capacity are structured and implemented.  I know some (but
not all) of it.  I can say that it is fairly easy to bust the structure and
wind up with assets on the balance sheet, and that the commercial folks
aren't always (or even usually) sensitive to the issues.  Maybe after the
first of the year those group members who will be working on the power
origination and development side could get briefed by the finance and
accounting folks.

Kay


The physical gas is not the problem....CAS is showing that financial deals have been booked with Duke Energy Marketing LP and ECC and also ENA.  Duke wants another ISDA so they beleive these trades exist too. Is the problem with the booking in our system or the confirming process or both? Physical trades will be with both entities as the agency agreement between ENA and ECC only applies to financial trades. We need to pull all of the financial trades with ECC and get to Mark Taylor's group today so that they can prepare an assignment of the ENA trades to the ECC master. Let's discuss.  Thanks for your help.

-----Original Message-----
From: Theriot, Kim S.
Sent: Wednesday, October 24, 2001 11:56 PM
To: Rohauer, Tanya
Subject: ECC vs. ENA deals

I ran three reports. One for Duke, Mirant, and Transcanada.  Looks like the issue is with Physical Gas.  I need to do a little more research in the a.m. to see what's going on.  I will let you know what I find out.

Kim


Possible penalty for Saturday's gas is below.
---------------------- Forwarded by Brian Perrone/CES/ColumbiaGas on
01/31/2000
03:25 PM ---------------------------

Marianne Stiles
01/31/2000 03:14 PM

To: Brian Perrone/CES/ColumbiaGas@ColumbiaGas
cc: Joanne Swogger/CES/ColumbiaGas@ColumbiaGas
Subject: Re: CKY 6-12 January 2000 - cut 29th 767 dth

CDC could invoke $30 per dth penalty plus the tariff cost.   I will not know
if
they will invoke this until after they close the month.

Brian Perrone
01/31/2000 03:11 PM

To: Marianne Stiles/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: Re: CKY 6-12 January 2000 - cut 29th 767 dth

What are the penalties for Saturday?

Marianne Stiles
01/31/2000 07:47 AM

To: Brian Perrone/CES/ColumbiaGas@ColumbiaGas, Melissa
Flewellyn/CES/ColumbiaGas@ColumbiaGas, Joanne
Swogger/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: CKY 6-12 January 2000 - cut 29th 767 dth

Over the weekend we requested 767 dth additional (just rolled the deal from
the
27th and 28th) to bring up the deliveries to match the MDQ.   However, Enron
did not realize the deal was through the whole weekend.   They only did it for
the 27th and 28th even though there are plenty of e-mails.     When I ran my
TCO reports on Friday afternoon the noms were not there.   I called Joann
(Enron scheduler) and she said she did not have time to put them in yet and
that she would get to it later as she was extremely busy with February.   I
did
not find out that the 29th did not get scheduled until Sunday morning.   I ran
my TCO reports and it was not on there.   I then paged Joann (Enron scheduler)
to find out why.    She did question the deal with Chris on Friday after I
called stating the weekend was missing.   She said she was told the deal was
only for two days (27th and 28th).   I told her that was incorrect as it was
through the entire weekend.   However, she did agree to put in the noms for
Sunday and Monday with the understanding that Chris G. would call Brian this
morning to negotiate price.   I told her the price would have calculated last
week.

To make a long story short,  we were cut 767 dth going to CKY on the 29th
(during and OFO/OMO).   Any penalties should be passed along to Enron.
Brian,
expect a call from Chris this morning.


bruce norcini [713.296.3728]  - marathon - operator of burns processing plant

BANorcini@MarathonOil.com


I just spoke to Mike Garred and John Raineri w/The New Power Company.  Per
this conv. it appears that ENA has master agreements in place to trade
financial and physical gas.  I directed him to Shari Stack, a lawyer in the
power group, to discuss getting a master agreement in place with EPMI to
trade physical power.  They are aware that Credit is working on getting them
some headroom, and as soon as they counterparty comes out of Credit, we'll
get them approved to trade (pending resolution of physical power approval
from Shari).

If Credit could verbally let me know when they are approved I'd appreciate
it, so I'll know to look for them.  I will be traveling to Calgary Tuesday,
so I may be incommunicado while the plane's in flight, so that could possibly
hold things up.

	Mary Griff Gray
	03/09/2001 01:47 PM

		 To: Walter Guidroz/NA/Enron, Tom Moran/HOU/ECT, Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: The New Power Company (adm08126) --- ability to transact

Here I am again ---

The products that the customer desires is:  all types (financial/physical)
for gas and power.  What do you think?

Thanks,
Griff

---------------------- Forwarded by Mary Griff Gray/HOU/ECT on 03/09/2001
01:05 PM ---------------------------

From:  Mary Griff Gray
     03/09/2001 01:00 PM

To: Walter Guidroz/NA/Enron, Tom Moran/HOU/ECT
cc: Tana Jones/HOU/ECT@ECT, William S Bradford/HOU/ECT
Subject: The New Power Company (adm08126) --- ability to transact

Guys,

I received a call from Mike Garred, admin for The New Power Company, wanting
to confirm that his company is properly set up in EOL ---- everything is fine
from our end.  What does this customer need to do to get credit?

Thanks,
Griff


Shonnie,  Attached are my comments per our discussion.


on our floor?  ofcourse.  why wouldn't you be?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 10:40 AM
To:	Nelson, Michelle
Subject:

so am i allowed down there


-----Original Message-----
From: 	Gallup, Team
Sent:	Wednesday, June 27, 2001 8:29 AM
To:	Jolly, Rich; Smith, Rick; Schoolcraft, Darrell
Subject:	No Gallup outage

Darrell,

Like we talked about yesterday, Tri-States has decided to do some switching around on their equipment and in our sub-station. They still plan to change their insulators on July 12th but it should not effect operations at Gallup. Sorry for the false alarm.

Korey / Gallup Team


I will be working from my home this afternoon after 1:30 PM.  My extension
will be forwarded to my home.  If I happen to be away from the phone taking
care of my mother, leave a message and I will return your call immediately.
There is a generic message on my home phone, "Please leave message after
tone", so don't worry that you have the wrong number.  You may reach me by
email at adupont@pdq.net.  In the next several days, I will be set up to dial
in and you will be able to use my regualr Enron email address.  I will be at
my desk most days, but until we have mother settled in the Rehab facility
there may be some days or afternoons that I will be working at home.  Please
do not hesitate to contact me if you need meetings set up or any other thing
that you would normally request of me.  Thanks.  Anita


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/09/2000
01:25 PM ---------------------------

Stinson Gibner
03/09/2000 01:13 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Prof. at Rice

Here is this prof's home page at Rice.  His name is Richard Baraniuk.

http://www-dsp.rice.edu/~richb/

--Stinson


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HAPPY NEW YEAR!!! Hope you had a great holiday!
These EES deals were all changed by Carla so they're all in "Pending
-Revised..." status in the system.  It looks like Carla made some changes,
but then changed it back.  Can you please ask her if we need to send revised
confirms on any of these deals.
486972
486988
486992
486996
487005
487024
487042
487057
487060
Thanks for your help!
Kim


The attached files contains our daily volume requirements for 7/6 and  the
following day(s) as listed .    In each file there are three  worksheets
labelled as follows:

'Total Reqs':  Contains the volumes that CES is requesting from Enron at each
of the delivery points and dates indicated in the columns labelled "NOM".
The
Enron schedulers will want to check this sheet to see how much gas is needed
at
a specific point.   The AGL volumes are not timely and should be ignored until
further notice.    CES schedulers note:  the attached file is archived on
P:\Energy Ops\Enron\July00\Daily\ *.xls, so you don't have to save a duplicate
copy elsewhere on the network.
'Daily Change' :  shows the change (increase +/decrease -) in the daily volume
needed from Enron at the designated citygate delivery point relative to the
supply volumes arranged previously with Enron prior to the current date.  For
the current gas day, the change is an intra-day change and is calculated using
the previous day's volume request for the current day (e.g., If the current
gas
day is 3/28, then the change is computed with respect to the 3/27 request for
3/28.  Note that this procedure assumes that the prior day supply change was
in
fact effectuated).  For tomorrow's gas day and any subsequent ones shown, the
change is computed as the latest Dth Nomination requirement less the
First-of-the-month supply volume plus or minus any adjustments made since the
first-of-the-month to the FOM supply for the (future) days shown.  (e.g., If
today is 3/28, then the change for 3/29, 3/30, etc. is computed with respect
to
the first-of-the-month volumes for those days adjusted for any additional
purchases or sell-backs since the first-of-the-month thru 3/27.)   This sheet
should be useful in determining prices for daily changes in gas volumes that
we
take or turn back.   The column labelled "ENA Daily Swing +/- vs FOM volume'
shows the absolute magnitude of the daily swings allowed by ENA at
pre-specified prices.  Prices for Swing volumes exceeding these magnitudes or
for swings at delivery points without pre-specified pricing must be
negotiated.
'Comments':

Please note that for the month of July '00 CES is purchasing additional
volumes
of gas from Enron for delivery to MME behind COH under a separate deal.  The
volumes shown here are entirely separate from the aforementioned deal.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 07-06-00 daily volsAM.xls


Just an FYI-

All of our Enpower work for the Estate (which is all we're doing right now until we test Netco) will be done using the Enpower ESTATE application.  I think the old one has been deleted anyway, but I just wanted to give you a heads-up.

Thanks!

Andrea


Please put this on your calendars - I would like for both of you to attend.
Should Jeff and Stacey be there, too?  This will be a meeting that we should
have regularly with Wes and team so that can jointly review any exposures and
make timely decisions on how to handle those.  I am sure that there is some
prep work that needs to be done for this meeting.  I would assume that we
should cover A/R, UA4, imbalances, weird or over/undervalued deals in risk
books, OA, etc.  Can you work with Greg and Georgeanne ahead of time on
content and have necessary back up to discuss highlights.  I would love for
us take charge and lead this meeting.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 01/12/2001 09:26 PM
---------------------------

Shirley Tijerina@ENRON
01/12/2001 02:05 PM
To: Wes Colwell/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Georgeanne
Hodges/HOU/ECT@ECT, Faith Killen/HOU/ECT@ECT, Greg Whiting/Corp/Enron@ENRON
cc: Renee Ingram/HOU/ECT@ECT
Subject: Exposures Meeting

The above meeting has been scheduled for Tuesday, January 23 from 2:30pm -
3:30pm in EB3321.

If you have any questions, please call me at X58113.

Thanks.


If the last Hoegh Galleon cargo of this year is diverted to Puerto Rico, the
economics of sending non-Cabot LNG to Puerto Rico are different than those
mentioned in my prior note.

Based on current prices, there is $0.7 MM of value that could be captured
between Enron LNG and Eco on the diversion. This represents the price
difference between what it would cost to buy back our sale to ENA at CMS and
what Eco would have had to pay Cabot for a Winter Cargo. If CMS would let us
out of the terminal fee or let it apply to a future delivery, that would add
an additional $1 MM of value. If Cabot had to give up its Demand Charge and
Demand Surcharge (hard to imagine) on the Winter Cargo, that adds another
$4.7 MM.

A second Hoegh Galleon cargo should add $1.5 MM but would need to be sourced
from Nigeria or Algeria(???).

Cabot controls the date of the Last Cargo delivered in 2001. It can be
November 23-December 15 (unless another date is mutually agreeable). The date
of this last delivery determines the earliest date that Eco would be able to
receive the Hoegh Galleon. The earliest that Eco could receive the Hoegh
Galleon should therefore be between December 20 and January 11 - depends on
Cabot.

Eco would be able to receive a second Hoegh Galleon cargo as soon as 29 days
after the first Hoegh Galleon cargo delivery or as late as 45 days after. Two
Hoegh Galleon cargoes should give Eco enough fuel (barely) to get them to the
dates where they are eligible to receive the Early Spring cargo (100 days
after the Last Cargo of 2001).

In addition to the $$$'s available to be captured, this program removes Eco's
risk of not receiving a Winter Cargo from Cabot.

Economics and Timing -  The amount of value to be captured is most heavily
influenced by December-January NYMEX prices. These impact our cost to buy
back gas at the CMS tailgate and our cost to buy the second Hoegh Galleon
cargo. Our gas cost is more subject to change than is the Cabot contract
price we are trying to beat. If we had a crystal ball, we would lock-in the
economics of the diversion and of the purchase of the second cargo when the
NYMEX bottoms-out. The front of the price curve has lost ~$1.00/MMBtu in the
last 2 weeks. Where will it go from here?

In order to be prepared to execute when market conditions are right, we need
to get Eco on board and initiate discussions with a producer about supply for
the second cargo. Also, we should talk with Gene Massey to confirm that the
contract says what we think it says and to get his thoughts on what we are
trying to do.

I would appreciate any insights that you may have regarding this opportunity.

Regards,

Paul


Thank you!
--------------------------
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