Good afternoon.

I wanted to forward you one of the many emails from Cougars@Enron as well as a response from an employee.  We now have 900 documented alums here at Enron and it's growing weekly due to 1) recruiting efforts and 2) word of mouth to those who do not have UH listed in ExpertFinder.

This information should be helpful to you in recruiting efforts and any potential Enron/UH alliances.  I will include you on any Cougars@Enron notices that I think you would be interested in knowing about.

Regards,
Tracey Kozadinos
Specialist
Enron Net Works
713.853.3446
http://enn.enron.com/

"This is too cool. I just joined the company about three months ago. I am very impressed with the level of activities for Cougars within the company. I plan to attend more functions."

 -----Original Message-----
From: 	Kozadinos, Tracey
Sent:	Monday, July 02, 2001 4:42 PM
Subject:	New Cougars@Enron Email Address!!

GO COOGS!!!

Cougars@Enron now has its own Enron email address!!  When addressing an email, search for "Cougars" in the Global address book.  Save this email in your personal address book for easy reference.  The formal email address is cougars@enron.com.

This mailbox will be checked on a daily basis by the Cougars@Enron Officers and we'll respond to you if requested.  I hope you'll find this tool useful in communication.

GO COOGS!

Tracey Kozadinos
BBA 1999, MBA 2000
President - Cougars@Enron
713-853-3446
http://home.enron.com/sites/
http://community.zuniversity.com/z/EnronCougars

PS> I have just transitioned to Enron Networks so please note my new phone number.

<Embedded Picture (Metafile)>


Hey man...as much as i would love to come to watch the game,i don't think i can make it.I'll be busy packing.But hope to see you and shana tomorrow evening
Cheers,
Lenine

 -----Original Message-----
From: 	Bass, Eric
Sent:	Monday, January 28, 2002 9:45 AM
To:	Baumbach, David; Jeganathan, Lenine; Olsen, Michael; Lenhart, Matthew; Blanchard, Timothy; Winfree, O'Neal D.; Ryder, Patrick; Love, Phillip M.; 'mballases@hotmail.com'; Kevin Boone (E-mail); Val Generes (E-mail)
Cc:	Husser, Shanna
Subject:	Super Bowl Party - 2/3/02

I was thinking of having a get together at my place but I wanted to gauge interest first.  Let me know if you are interested.  I will send out another e-mail if I get enough responses.

-Eric


Irena can I get a parking pass.

Thanks,

Errol


Any interest in this conference?

http://www.haas.berkeley.edu/citm/conferences/010522/

Vince


AFAC - Thank you for your response.  It is difficult for me when I do not
hear from you since I am not in Sao Paulo but I understand that you were
engaged in other Enron matters.  I am looking forward to your response since
the trading issues are not going away (the issues seem to only multiply).
Once "the Enron group" has had an opportunity to review, we would like to
schedule another meeting with you and Marcelo in Sao Paulo.  I look forward
to receiving the memo and chart.  Thank you and regards.  Sara

P.S.  Please phone or e-mail when you are sending the memorandum.


Jurgen--

I received a call from Sara Shackleton (our in-house lawyer) yesterday.  She asked us to close out our remaining futures with Carr.   Can you please close out the EURIBOR and Short Sterling futures we have left with them?  I have enclosed a list below of the positions that we show the London desk as having.  Please confirm this amount, and close out the positions.  If there is a discrepency, please give me a call tomorrow and we can discuss further.  Hope you had a good vacation.

EURIBOR
March 02	-117
June 02		70
Sep 02		100
Dec 02		106

Short Sterling
Mar 02		-581
Jun 02		-100
Sep 02 		-99

Ellen Su
Enron Financial Trading
(713) 853-5256


This is to advise you that we will have next Tuesday's ETS staff meeting from
10:00 to 11:00AM in 49C2.    Since we will have only one hour, please be
prepared to rapidly high-light only your key items for the week.

Thanks,
Cindy


Bruce,  Attached is an article I found in the Houston Chronicle business
section yesterday.  Has a negative outlook, but mostly related to product
supply B2Bs.    You probably are familiar with most of the B2Bs they
mention.  Thought might be useful to you.  Good talking to you yesterday.
The check better arrive this week or I start breaking your stuff one piece at
a time.


You have received this email because the requester specified you as their VP. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000076650&Page=Approval to review and act upon this request.

Request ID          : 000000000076650
Request Create Date : 11/19/01 2:40:19 PM
Requested For       : punit.rawal@enron.com
Resource Name       : Market Data Kobra NatGas
Resource Type       : Applications


>  <<powergen-firstcall1.pdf>>
>
Good Evening,

> Attached, please find an abridged version of our 76-page report in which
> we provide our supply and demand outlook for 12 regions across the US.
>
> Summary:
> 1. The Power Markets Are Regional In Nature   The fragmented US
> transmission system results in significant regional power pricing and
> economic disparities.  In order to fully understand this industry, macro
> analyses of the US market must be supplemented with an in-depth assessment
> of its individual regions.
> 2. Announced Projects Cannot Be Taken At Face Value   Out of the 285,487
> MW of project announcements we have identified, only 26% are actually
> under construction.  Our base case analysis suggests that only 53%
> (149,944 MW) of the announced projects will be completed.
> 3. Shortages Will Persist In Several Key Markets   Owing to a combination
> of current supply shortages, capacity retirements and demand growth, we
> estimate that the entire US will need 207,689 new MWs by 2006 in order to
> achieve an equilibrium 18% capacity margin.  This requirement is 39% above
> our base case buildout forecast.  Consequently, we project a 2006 capacity
> shortfall of 57,745 MW.  Our analysis indicates that supply shortages will
> be most pronounced in the Mid-Atlantic, New York, parts of the Midwest,
> and the Southeast.
> 4. Positive Implications For Generators   Our findings have positive
> implications for selected generators.  We believe that Calpine (CPN,
> Strong Buy), Entergy (ETR, Buy), Mirant (MIR, Buy), NRG Energy (NRG, Buy),
> PPL Corp. (PPL, Buy), and Reliant Resources (RRI, Buy) are best positioned
> within this market.
>
> Regards,
>
> Neil Stein   212/325-4217

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.


1100 is just fine.

We are all so dependent on our computers, I can hardly remember what we did
in the "old days".

Kay

"Thompson, Peter J." <peterthompson@akllp.com> on 11/13/2000 09:41:31 AM
To: <kay.mann@enron.com>
cc:

Subject: GE Turbine Agreement

I should have the revised agreement to you by 11 AM CST.  I had hoped to
have it to you earlier, but we have experienced some technical
difficulties as a result of the conversion of our system over the
weekend.


Attached is a spread sheet that can be used to calculate our exposure for the
month of MAY.

Notes:

I do not have Yazoo's load so I used 80% of Clarksdale as a proxy.

I created a energy model that used a 10.5 heat rate and $5.20 gas.

The SEPA energy was not included and no cost for startups.

Looks like worst case we would be exposed for roughly One Million for May.

I can refine the model more if required.


Either sounds good.  But let's do Friday!  SS

Molly LaFuze
10/18/99 09:44 AM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Lunch

Hey there Sara!  I'm back from Pittsburgh and Indy and would love to get
together with you for lunch.  I'm free on Wednesday and Friday.  Let me know
if either of these dates work for you.  Otherwise, we will probably have to
wait until November since bid week is right around the corner!  Hope you had
a nice weekend.  Happy Monday!


At TGT/ZSL mid i.e.
    Index                      5.01
    Other fee        .01
    Physical Prem          .005
    Total                          5.025

Questions, please call.

Kimat

	From:  Chris Germany                           03/08/2001 08:23 AM

To: Kimat Singla/HOU/ECT@ECT
cc:
Subject: Sale to NYPA

What mid price does this deal come to TP2 at?   Deal 655067


-----Original Message-----
From: Sally Ring [mailto:sring@hcocntf.org]
Sent: Tuesday, March 12, 2002 4:24 PM
To: Parks, Kim (HCDA); Beck, Michelle (HCDA); Cabaniss, Katherine (HCDA); Storts, Paula (HCDA); Kimberly Gaido (E-mail); Lamar Morris (E-mail); Linda Garcia (E-mail); Sheila Wollam (E-mail)
Subject: FW: Going to a Texas School - funny!

hee hee this applies to you
-----Original Message-----
From: Joe Ring [mailto:phoenixe@telepak.net]
Sent: Tuesday, March 12, 2002 9:09 AM
To: Sally L. Ring; Joe Simo; Bob Flurry; Sam Geisenberger; Simmons Hicks; Dan Kelly
Subject: Fw: Going to a Texas School - funny!

----- Original Message -----
From: DaniD510@aol.com <mailto:DaniD510@aol.com>
To: Ashley1249@aol.com <mailto:Ashley1249@aol.com> ; texas_cowgirl_19_83@yahoo.com <mailto:texas_cowgirl_19_83@yahoo.com> ; Sara8316@aol.com <mailto:Sara8316@aol.com> ; Brettd65@aol.com <mailto:Brettd65@aol.com> ; MumsyDavis@aol.com <mailto:MumsyDavis@aol.com> ; PPawDavis@aol.com <mailto:PPawDavis@aol.com> ; GDavis9636@aol.com <mailto:GDavis9636@aol.com> ; eightball84@yahoo.com <mailto:eightball84@yahoo.com> ; CheleMark123@aol.com <mailto:CheleMark123@aol.com> ; tommyegirl@hotmail.com <mailto:tommyegirl@hotmail.com> ; JaNeLLy03@aol.com <mailto:JaNeLLy03@aol.com> ; SLHall@neo.tamu.edu <mailto:SLHall@neo.tamu.edu> ; trainerprincess3024@yahoo.com <mailto:trainerprincess3024@yahoo.com> ; Voetballtj@yahoo.com <mailto:Voetballtj@yahoo.com> ; Shopgirl774@aol.com <mailto:Shopgirl774@aol.com> ; honey0084@hotmail.com <mailto:honey0084@hotmail.com> ; BAM410@aol.com <mailto:BAM410@aol.com> ; corrienels@hotmail.com <mailto:corrienels@hotmail.com> ; cougars22@caramail.com <mailto:cougars22@caramail.com> ; Golscore7@aol.com <mailto:Golscore7@aol.com> ; Moosie94@aol.com <mailto:Moosie94@aol.com> ; Erica320@aol.com <mailto:Erica320@aol.com> ; Toddzillas@hotmail.com <mailto:Toddzillas@hotmail.com> ; Annegirl1234@aol.com <mailto:Annegirl1234@aol.com> ; Peachie917@aol.com <mailto:Peachie917@aol.com> ; wentzkt@shaw.ca <mailto:wentzkt@shaw.ca> ; akw85@att.net <mailto:akw85@att.net>
Sent: Wednesday, March 06, 2002 10:47 PM
Subject: Going to a Texas School - funny!

Subj: Re: Fw: FW: Texas Colleges
Date: 3/6/2002 7:10:58 PM Central Standard Time
From: Ashley1249 <mailto:Ashley1249>
To: doc1@ev1.net <mailto:doc1@ev1.net>, mptbaseball@yahoo.com <mailto:mptbaseball@yahoo.com>, cascherl@starfurniture.com <mailto:cascherl@starfurniture.com>, DaniD510 <mailto:DaniD510>, JaNeLLy03 <mailto:JaNeLLy03>, Brenda0015 <mailto:Brenda0015>

The joy of going to college in Texas....
UNIVERSITY OF TEXAS I live in a town where you stand out if you don't have a purple Mohawk, facial piercing chained to nipple piercing, a homosexual lover, or hang out at the Magnolia Cafe. More people go to my school than live in Australia. I honestly believe that Ricky Williams is a god. I am open-minded and spiritually in tune - except towards people who are closed-minded and spiritually out of tune. You can see my dorm from Chicago for it is as tall as Florida would be if it stood up. I protest everything -except protests. I am a gold card carrying member of Amnesty International. I am openly bi-curious. I am a Longhorn.

TEXAS A&M UNIVERSITY I live in a town the size of a piece of
bacteria on a fly's ass. I spend Friday nights practicing my yells.
I can whoop better than anyone can in my battalion. I beat up faggots for fun. If
I'm not yelling, drinking with my battalion, or beating up faggots
for fun, I am at the Dixie Chicken. My father went to school here, just as his father
did before him, and his father before him. My brother went to tu. They never
found his body after he came home that first Christmas in college. I won't walk on the grass. I look forward to the day I, too, will do the elephant walk. I believe it is cool to do something because they tell me it is tradition. If something is not a tradition and we accidentally do it, we then make it one. I can call UT "tu" if I want. I am an Aggie. BAYLOR UNIVERSITY I live by homeless vagrants, whom I turn my
nose up I look just like everyone else at my school. The NoZe Brothers are the coolest things since khakis and sandals. I have an Abercrombie and Fitch everything. I can co-ordinate outfits and ensembles better than anyone in my
upscale apartment complex. I have radar that lets me know where the closest
ATM is. If I can't find one it's okay. I have ten credit cards all of which
to my parents. My town is so conservative that anyone who kisses on the mouth
before three years of marriage is drug through the town. I like me. I should be an underwear model. I am a Bear.

TEXAS TECH UNIVERSITY I live on a piece of dirt so flat that we call the four degree incline at the intersection of 19th and Brownfield the big hill. I get dirt in my eyes, hair, and teeth when I walk to class. I can out drink anyone from any other school because that is what we do. If I'm not drunk by 4:30pm, I'm high. I can't buy beer within 50 miles of where I>live - so I trek to the strip, which my friends and I
all consider a true paradise on Earth. I don't go to many football games. I don't go to any organizational meetings. I don't really go to anything. Not even class. I like the fact that Will Rogers' horse's ass points to College Station. I fry cow balls. I know where Buddy Holly used to live. I am desperately trying to find a rival within our conference to make fun of. Our football players get caught by the NCAA. If I'm not drunk by 4:30pm, I'm high. But I'm usually drunk by 4:30pm. Or I'm high. I am
a Red Raider.

THE UNIVERSITY OF NORTH TEXAS (UNT) I am either a film geek or a musician. If I am neither then you will find me hanging out on Fry Street dressed in my punk garb. I think my school sucks yet I still attend school here. I wear t-shirts and hats from either A&M or UT because I wish I could've gotten in there. On Thursdays you will find me shaking my thang at the Groovey Mule or down in Deep Ellum. I think Denton is the scuzziest town ever and I bitch about all the pot holes in the roads when I am driving anywhere in the city. Most of the people here are weird. Noone
stays on the weekends. Noone has ever even heard of my school. On Sundays,
the whole town goes to church at Denton Bible. Damn, I really wish I
could've gotten into one of the other Texas colleges. I am a mean green
Eagle. Cawwww!
TEXAS CHRISTIAN UNIVERSITY (TCU) I am in a frat or sorority of course. I drive a Lexus or Mercedes, and if I pass all my classes then Daddy said he would buy me that little condo on Hulen next semester. I wear my diamonds and heels for football games and get dressed for bed and  THEN go to the basketball games. Anyone and everyone goes to the Pub or Scooners, or to Longhorns and dance with old Mexican cowboys. We are having a J.Crew built in the bookstore next year and our send home credit cards apply at ALL times and locations. Where the girls' hair is as fake as their tans. The freshman 15 means nothing more to me than a new wardrobe. Where the girl to guy ratio is four to one and the only one getting any action is the rapist. Where the girls are girls, and so are the guys. I'm a Frog.

SOUTHERN METHODIST UNIVERSITY (SMU) See the listing for Texas Christian University above...change 'Hulen' to 'Mockingbird'. I'm aMustang.

SFA STATE UNIVERSITY I am drunk or having sex right now. I went to class once. That about sums it up. I am a Lumberjack.

THE UNIVERSITY OF HOUSTON I work all day or all night. I attend school part-time. I'm trying to get a degree, any degree, to help get a decent job. I live with my parents, and spend as little time on campus as possible. Football games?? You mean we have a football team??? When say my school is in an urban setting, I'm serious. In the shadows of the fourth largest city in the U.S., right in one of the most crime-ridden areas I go to school. I wish I could go to A&M, or any other big school and get a real degree. I wish I hadn't flunked out when I was attending a real
school. I'm a Cougar.

SOUTHWEST TEXAS STATE UNIVERSITY (SWT) I tried to get into a real school, but couldn't. I spend most weekends tubing down the river in New Braunsfels drunk and/or high and naked, or getting drunk and acting stupid. I'm a Bobcat.

SAM HOUSTON STATE UNIVERSITY (SHSU) I am a big time band nerd.
My favorite hobby is playing with my instrument. There are no attractive people at my school because we're all band geeks. At night, my flute is my best friend. I'm studying music so that I can become a licensed band geek leader and warp the minds of future generations. What the hell is a Bearkat, anyway?

TARLETON STATE UNIVERSITY I am a roper ("kicker"). My life revolves around bovines and sheep, and I like studying "animal husbandry", if you know what I mean. I either wear Wranglers that cut the circulation off to my unit, or Rockies that give me a major camel toe. I have a belt buckle the size of a dinner plate. My favorite beer is Coors Lite. I have a gun rack in the back of my pickup, which is a diesel with dual wheels. I am a Texan.

EAST TEXAS STATE Who cares? Does anybody go there? Isn't that
like a community college?


Thanks Jeff!  One big benefit is that I'll be down here so I can keep a
closer eye on you guys!  df

From: Jeffery Fawcett/ENRON@enronxgate on 03/09/2001 08:07 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Organization Announcement

Drew,
Congratulations!  Well deserved, I might add.  I hope that in your new lofty
position, you don't forget the "little people."

 -----Original Message-----
From:  ETS General Announcement/ET&S/Enron@ENRON
[mailto:IMCEANOTES-ETS+20General+20Announcement_ET+26S_Enron+40ENRON@ENRON.com
]  On Behalf Of Stan Horton, Chairman & CEO@ENRON
Sent: Wednesday, March 07, 2001 10:58 PM
To: Enron Transportation Services Operations@ENRON
Subject: Organization Announcement

Michael Moran, currently Managing Director and General Counsel for ETS, has
decided to retire after a distinguished 27-year career with Enron.   Mike has
been a conscience and a statesman of our organization and it is hard for me
to imagine the ETS organization without Mike.

Fortunately, Drew Fossum, currently Vice President and General Counsel for
Northern Natural Gas and Transwestern, has accepted my offer to become Vice
President and General Counsel of ETS effective April 1, 2001.  Drew will
relocate to Houston and report to me in his new role.

To assist with transition issues and special projects, Mike has agreed to
stay on board for several months as Managing Director and Special Counsel to
the Chairman and will continue to report to me.

Please join me in congratulating Drew on his new assignment and thanking Mike
for his many contributions to ETS and Enron.


Here's the back up info you requested.
---------------------- Forwarded by Mary Hain/HOU/ECT on 09/06/2000 10:17 AM
---------------------------
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: WSCC Data

---------------------- Forwarded by Tim Belden/HOU/ECT on 09/06/2000 09:34 AM
---------------------------
From: Tim Belden on 09/01/2000 01:30 PM
To: scott.miller@ferc.fed.us
cc:
Subject: WSCC Data

Please see the attached spreadsheet.  Call me at 503-464-3820 if you have any
questions.

Regards,
Tim Belden


Davis Signals Utility's Grid Could Be Seized
Power: Governor says eminent domain is a possible last resort against PG&E,
which is balking in state sales negotiations.
By DAN MORAIN and NANCY RIVERA BROOKS, Times Staff Writers
On the eve of a new round of rescue negotiations with a reluctant Pacific Gas
& Electric Co., Gov. Gray Davis suggested Wednesday that as a last resort the
state could seize the utility's prized electrical transmission system through
eminent domain.
That saber-rattling cut against the grain of some rare good news in the
state's continuing electricity crisis. The energy supply crunch eased
slightly as grid operators pumped up the cushion between supply and demand,
and for the first time in more than five weeks the statewide power grid was
operating under a relatively mild Stage 1 emergency.
Negotiations with the state's two other big utilities--Southern California
Edison and San Diego Gas & Electric--were described by a Davis aide as going
"very well."
But the governor, responding to a reporter's question, would not rule out the
idea of taking over transmission assets through eminent domain, a legal
proceeding by which government can take over private property, at a price
determined by a court. His aides downplayed the possibility, and Davis said
he intends to continue talking with utility executives in an effort to
resolve the weighty questions.
"My strong preference is to do this through [a] cooperative negotiation
process rather than just seize it," Davis said at a brief news conference at
an elementary school south of Sacramento.
Davis is insisting that the utilities give up control of the massive system
of high-voltage transmission lines in exchange for an infusion of state money
that would allow Southern California Edison and Pacific Gas & Electric to
restructure their multibillion-dollar debts.
While Edison and San Diego Gas & Electric executives have said they are
willing to discuss the sale of their portion of the 32,000-mile statewide
grid, PG&E, the state's largest utility, is balking.
"The governor would like to solve this thing in one fell swoop, but if PG&E
is sitting up there being obdurate, then this thing is severable," Davis
political advisor Garry South said in Los Angeles.
The utilities need the state's help to buy electricity, as wholesale prices
have soared since May and supplies have been stretched to the limit. Under
the state's limited deregulation plan, the companies were forced to buy
wholesale power at market prices but were not allowed to pass along increased
costs to customers.
Internal administration documents circulated in the Capitol last week show
that the state was considering paying 2.3 times the grid's "book value," or
about $7.3 billion, for the grid serving all three companies.
A top utility source, requesting anonymity, said the figure was in the
"ballpark" of what was being discussed.
Talks will continue today with all three utilities. Davis had not decided
whether he would join the talks directly, or leave that task to his aides,
San Francisco attorney Michael Kahn and former Southern California Edison
executive Michael Peevey.
"We're still hopeful for an announcement by Friday," Davis spokesman Steve
Maviglio said Wednesday night.

Transmission Grid the Key
Davis insisted that the transmission grid is key to any deal. The utilities
would use cash from the purchase to restructure debt and the state would use
its ability to raise money through bond sales to revamp the aging system,
which is said to need $1 billion in improvements.
"That will be part of the solution," Davis said. "I will not sign off on a
resolution of this [without the transmission grid]."
South, the governor's chief political advisor, acknowledged that PG&E is in
more difficult financial straits than Edison, largely because the PG&E
electricity rate structure set by the Public Utilities Commission is lower.
But he added that Edison has shown more good faith and interest coming into
the negotiations, which began Tuesday in San Francisco.
"Edison's been coming into these meetings with 50-page binder books with
various specific proposals," South said. "PG&E comes in with a handwritten
piece of paper and a big huff of arrogance. They act like they are in control
when they are in serious soup."
A spokesman for PG&E declined to comment on South's remarks. The utility has
maintained a policy of not discussing the negotiations.
PG&E's parent company, PG&E Corp., announced Wednesday that it would not be
paying its regular dividend of 30 cents per share on common stock for the
first quarter of 2001. PG&E said it would not resume paying common stock
dividends until it "determines that the financial health of the company will
support such action."
The company has come under intense criticism that it is maintaining a
business-as-usual approach while its utility subsidiary was teetering toward
bankruptcy.
While the negotiations with PG&E threatened to prolong the political crisis,
the state was emerging from 39 straight days of moderate-to-critical power
supply emergencies, having been lifted into the relative calm of a low-level
alert by warmer weather, improved electricity reserves and a decrease in the
number of power plant shutdowns.
"We should probably be making a big deal about this, but we just don't have
time," said Stephanie McCorkle, a spokeswoman for the California Independent
System Operator, which balances supply and demand on the electricity grid
serving about 75% of the state.
The grid controllers have been operating in full crisis mode for months now,
using everything short of the Energizer bunny to keep electricity flowing
while state leaders looked for solutions to the power market meltdown.

Economic Uncertainty
For more than a month, the state's transmission grid has been operating under
either a Stage 2 or Stage 3 emergency, indicating extremely tight reserves.
At noon Wednesday, the grid bumped down to Stage 1--indicating that the state
was maintaining reserves at a relatively cushy 7%. That is still below what
grid operators consider prudent, but no one was complaining.
The full effect of the electricity crisis on the state's economy is not yet
clear, and independent Legislative Analyst Elizabeth Hill urged state
lawmakers Wednesday to take a "wait-and-see" approach as they craft a new
budget.
Still, she left no doubt that she believes the power problems could seriously
crimp California's economic outlook.
Hill said she believes it is safe to assume that electricity costs will rise
because of the gap between wholesale prices and regulated rates. If wholesale
prices were to stay as high as they are now, she estimated, the state's
wholesale electricity costs would climb to $40 billion this year, up from $25
billion in 1999.
Hill made no prediction about whether that would happen. Indeed, Brad
Williams, a senior economist in Hill's office, said he thought it likely that
prices would decline and that legislation would shield consumers from the
full effect of the inflated electricity market.

30-Day Supply Agreement
Also Wednesday, Reliant Energy of Houston, which has balked at being forced
to provide electricity to California when payment for that power is
uncertain, said it had reached a 30-day agreement with the state under which
the company will continue to provide emergency electricity supplies.
As a result, a federal judge in Sacramento delayed ruling on a lawsuit filed
by state grid operators against Reliant. Instead, U.S. District Judge Frank
C. Damrell Jr. extended until Friday afternoon an order forcing Reliant and
several other energy suppliers to keep selling to the California grid
operators.
In Huntington Beach, city officials delivered a blow to Davis' plan to
accelerate power plant projects, filing an appeal with the California Energy
Commission to fight the speedy reactivation of two old gas-fired generators.
If they exhaust that process without stopping the plan, they promised to go
to court.
Regardless of whether the appeals succeed, they are likely to tie up the
approval process, and in that sense strike against the heart of the
governor's plan to expedite power plant projects to meet the energy shortfall
expected this summer.
The AES units--with a combined output of 450 megawatts, enough to serve
450,000 typical homes--represent about 10% of the 5,000 megawatts that Davis
assured power-starved Californians would be available in time for the summer
peak.
---
Times staff writers Mitchell Landsberg in Los Angeles, Richard Simon in
Washington, Julie Tamaki and Rone Tempest in Sacramento and Christine Hanley
in Orange County contributed to this story.


Play for Eintract Roach...their more fun.  ;)

2-3 Roster spots available.

Call if interested.

Keith
823-3243
h: 280-8918

-----Original Message-----
From: Jon.Gail@hcs.state.or.us [mailto:Jon.Gail@hcs.state.or.us]
Sent: Monday, August 27, 2001 12:54 PM
To: aevanloon@hotmail.com; bill.williams.iii@enron.com; bvargo@koin.com;
greenroom@attglobal.net; jacobf@hapdx.org; pws-fab1@siltronic.com;
neill@pcez.com; mossyuk@hotmail.com; zottermj@hotmail.com;
halsteadr@pdx.edu; turnstone@onemain.com; kmurray@responsys.com;
sgates@metfamily.org; mstibolt@acg-pdx.com; JWilliamson@BAUGHPDX.COM;
kwitcosky@portlanddev.org; kevin_mcdowe11@yahoo.com;
Tristan.Brunin@yoshida.com; Jon_Bloomfield@rsausa.com;
MRBndaHAUS@aol.com
Subject: Indoor Soccer starts this Tuesday @ 10:15

Hi Guys,
For those of you who want to play indoor soccer I thought you might like to
know the indoor soccer schedule.  Here it is:
TUE AUG 28 10:15 PM EINTRACHT ROACH vs FC TBA
SUN SEP 9 4:15 PM ROWDIES vs FC TBA
SUN SEP 16 5:15 PM STICKBUILT vs FC TBA
WED SEP 26 10:15 PM BALLERS vs FC TBA
THU OCT 4 7:15 PM FC TBA vs EINTRACHT ROACH
TUE OCT 16 6:15 PM FC TBA vs ROWDIES
THU OCT 18 7:15 PM FC TBA vs STICKBUILT
WED OCT 24 8:15 PM FC TBA vs BALLERS
Here is a link to the Portland Indoor Soccer website for mor info.
http://www.pdxindoorsoccer.com/index2.htm

Mike Brochaus is the manager of the team, so if you want to play show your
interest by showing up at the first game. I believe the cost to play is $50.
Also if you want to play you need to bring a white and maroon color shirt to
every game in case we need to change colors.  Hope to see you there.

Jon


Good Morning Puri:  We have been diligently working on your below request, and
can now offer the following instructions.

Next Loading date for Pt Fortin currently scheduled for AM of 30 March 2001.
As
for heel quantity, we must take into account the  transit  (8 days) from
Boston
to Pt Fortin, and still allow for sufficient heel to keep tanks cold on
arrival,
I suggest in way of 1000 cubic meters, and ask for Masters input in this
regard.

Expected unloading date at Penuelas is 02 April 2001.  Vessel should plan on
departing Pt Fortin Am of 31st March and adjust speed so as to arrive Penuelas
Pilot Station at 0530/0600 02 April.

As always, noon position reports are requested, and the normal points of
contact
at ALNG and Cabot be advised.

Upon departure Boston on 22 March, Master must make notification directly to
ECOELECTRICA, and our Agents in Puerto Rico (Luis-Ayala) providing ETA to both
Pt Fortin to Load, and then further ETA to Penuelas.  Noon reports on ballast
voyage to Pt Fortin, and loaded voyage to Penuelas must also copy ECO, and
Ayala.

I know the Master has all of the relevant POC information for the above, so I
will not include it here.  Should you have any further questions, please so
not
hesitate.

Best Regards
Joe McKechnie

pdelgado@gasnaturalsdg.es on 03/20/2001 12:42:05 PM

To:   Joseph McKechnie/Cabot LNG@Cabot LNG
cc:   cramos@gasnaturalsdg.es, mgonzalezga@gasnaturalsdg.es
Fax to:
Subject:  Re: Instructions for "Methane Arctic"

In order to instruct Master regarding next ETA Point Fortin and relevant
heel quantity to be left on
board, pls revert asap with next loading date at Point Fortin.
In addition, we kindly request  you to advise your expected unloading date
at Penuelas.
Thanks and best regards,
Puri

 - att1.eml


FYI

Complaints from the Pulp and Paper customers on the Password Application.

Appreciate any thoughts you might have on these issues.
----- Forwarded by Harry M Collins/HOU/ECT on 11/22/2000 04:39 PM -----

	JOvanessian@gspcorp.com
	11/22/2000 02:09 PM

		 To: John.Cummings@enron.com, jay.epstein@enron.com, hcollin@enron.com
		 cc: bryan.burnett@enron.com, david.howe@enron.com, bob.crane@enron.com,
DTabbachino@gspcorp.com
		 Subject: Clickpaper.com-Password Application

     To John, Jay, Harry,

     Please note that I have been told by a few customers that they have
     some trepidation about completing the Password Application.  The major
     problem is in the language of the agreement, specifically in the
     second paragraph section one where Clickpaper rescinds all
     responsibility for the use of the password.  Basically the
     Counterparty is totally liable and responsible for controlling and
     monitoring the use of their password.

     To paraphrase the concerns that I received from some customers is,
     "what if someone at Enron uses my password and does a transaction?
     Consequently, I would be liable for that transaction." "I have no
     control of my password at Enron, how could they negate responsibility
     totally".

     Please be aware that the concerns were from fairly younger, more
     ecommerce friendly, type of buyers.  Can we alter the legal language
     with respect to these concerns, and not dissuade customers from
     completing the application?

     Thank you,
     John O. Ovanessian


Enjoy!
 - 20020118ERCOT_LOAD.XLS
 - 20020118ERCOT_FLOW.XLS


I was on loan to EES since mid July.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Monday, November 19, 2001 2:51 PM
To:	Campos, Sylvia A.
Subject:	RE: CGLF contract

I'm wonderful thank you very much.  Where have you been?  How are you doing?

 -----Original Message-----
From: 	Campos, Sylvia A.
Sent:	Monday, November 19, 2001 2:47 PM
To:	Germany, Chris
Subject:	RE: CGLF contract

How are you doing Chris?  I've been away for awhile....just wanted to let you know that I'm working on it.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Monday, November 19, 2001 12:36 PM
To:	Campos, Sylvia A.
Subject:	RE: CGLF contract

And, because I waited so long, it should be done in a great big hurry!

 -----Original Message-----
From: 	Hilliard, Marlene
Sent:	Friday, November 16, 2001 3:05 PM
To:	Campos, Sylvia A.
Cc:	Germany, Chris; Nemec, Gerald
Subject:	FW: CGLF contract

Attached is a copy of a termination letter.  Per the terms of the contract, notice of termination should be 6 months prior to termination.  Chris Germany has requested that this contract be terminated.

The termination letter should be routed to Gerald Nemec for review and redlining.  Then, routed for review and initial  to the Trader, Chris Germany, to Legal - Gerald Nemec, and then to the Vice President - Scott Neal.  Contact Scott Neal through Kimberly Bates

 << File: CGLF Termination Letter#37393.doc >>

-----Original Message-----
From: 	Germany, Chris
Sent:	Friday, November 16, 2001 2:15 PM
To:	Hilliard, Marlene
Subject:	FW: CGLF contract

Our contact for this is Janice Felton.  Her number is 713-267-4210.  Please call her on Monday and let her know that ENA wishes to terminate contract 37393 effective 5/31/2002.  Ask her what she needs in writing from us then draft it and send it to her attentions.

Thanks

 -----Original Message-----
From: 	Germany, Chris
Sent:	Tuesday, October 23, 2001 1:35 PM
To:	Hilliard, Marlene
Subject:	RE: CGLF contract

I believe its Janice Felton but I will make sure.

Thanks

 -----Original Message-----
From: 	Hilliard, Marlene
Sent:	Tuesday, October 23, 2001 12:44 PM
To:	Germany, Chris
Subject:	FW: CGLF contract

Yes Chris I can draft a termination letter.  The termination notice period is 6 months prior  written notice to either party.

Let me know who it should be addressed to and I will draft the letter and forward it prior to December 1, 2001 which will give the counterparty 6 month prior written notice.  I will have to have it executed by the proper parties of course.

I will wait to hear from you.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Tuesday, October 23, 2001 12:31 PM
To:	Ramirez, Robert
Cc:	Fletcher, Brenda H.; Hilliard, Marlene
Subject:	CGLF contract

Robert, when you get a chance, please give me all the service deal numbers for CGLF k#37393.

Marlene, the new termination date for this contract is 5/31/2002.  If I have time, I am going to send CGLF a termination notice for this contract effective 5/31/2002.  Is that something you could do for me?

Let me know.


Hi Drew,

Greg will be in the London office from early Tuesday afternoon through
end-of-business day on Thursday, June 7.  Are you available to meet w/him for
about an hour? He's available Tuesday afternoon until 5:00 p.m.  Wednesday
there are a few slots available, and Thursday he is wide open.  If you could
e-mail me your availability that would be great.  Also, Greg will be carrying
mobile number +44 7901516638.

Many Thanks,

Liz Taylor


Start Date: 1/20/02; HourAhead hour: 9;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

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Error: dbCaps97Data: Cannot perform this operation on a closed database


Enron has purchased a table at the Houston Technology Forum for Tuesday, May
29 at the Hyatt.  Jeff Skilling will be speaking on the panel, along with
Lloyd Bentsen III, Chairman of Houston Technology Center; Michael Capellas,
President and CEO of Compaq Computer Corporation; and John Mendelsohn, M.D.,
President of U.T. M.D. Anderson Cancer Center.  Please let me know if you are
interested in attending.  Details are as follows:

 The Houston Technology Forum
 Technology Trends Affecting Houston's Future
 Tuesday, May 29, 2001
 Hyatt Regency Imperial Ballroom
 10:45a - 11:30a  Registration & Networking
 11:30a - 1:30p  Luncheon & Program


Attached is the document reflecting the changes in the PRC Reps pursuant to
our conversation yesterday afternoon.  Please call if you need any additional
information.
Charlene
3-9233


Gas Team:

Effective immediately, ALL binders that come from Beth Apollo's group MUST be checked out w/ Blanca Carrizales (Beth's Assistant) and Alex Gonzales (Beth's Clerk).

If you find you need to take it off of the 6th floor you MUST also get approval from Beth Apollo or A.K. Matheson.

Thank you.


This is absolutely the FINAL rewrite of this letter (just joking!)   Unless
there are any further changes needed, I am proceeding with printing the
letters for all 240 (or there about) employees.

Fran


I think we can tell Rich yes, but please confirm that for me.  thanks.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/16/99 08:26
AM ---------------------------

Rich Jolly on 12/15/99 06:38:43 PM
To: Drew Fossum/ET&S/Enron@Enron
cc: Michel Nelson/ET&S/Enron@Enron

Subject: Re: EES

Drew are we OK to go with this? We don't have any "confidential
transportation-related information in our office. We do have some operating
agreements and contracts but they aren't confidential that I know of.
Rich

Drew Fossum
12/08/99 05:18 PM

To: Michel Nelson/ET&S/Enron@ENRON
cc: Rich Jolly/ET&S/Enron@Enron, Shelley Corman/ET&S/Enron@ENRON, Maria
Pavlou/ET&S/Enron@ENRON

Subject: Re: EES

EES is a marketing affiliate, so we do need to be careful about shared
computer systems, phone systems, staplers, paper clips, etc.  If Rich and his
office have no "confidential transportation-related information"  we might be
able to do it, otherwise, the hassles and expense of building marketing
affiliate firewalls might make it counterproductive.   I'm forwarding this to
the experts for a quick yup or nope on this.  Thanks. DF

Michel Nelson
12/08/99 05:24 PM
To: Rich Jolly/ET&S/Enron@Enron
cc: Drew Fossum/ET&S/Enron@ENRON

Subject: EES

Rich - Per your phone mail, I see no reason why an EES employee couldn't
office in your Region Office, providing he/she pays rent and we not break any
market affiliate rules (if they apply here).

Drew - Saving $ for Enron. Any issues I'm overlooking?

Mike


This has been changed.

Thanks,
Kate

Evelyn Metoyer@ENRON
01/08/2001 02:12 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 1/8/00 checkout

AMEREX

Trader: Diana Scholtes
deal 491591
Can you please ch cp name to Coral Power, LLC instead of Coral Energy Canada,
Inc.,

I am still checking out with Prebon.

Thanks!!


Good job
----- Forwarded by Stacy E Dickson/HOU/ECT on 04/19/2001 09:08 AM -----

	r.dobson@pecorp.com
	04/19/2001 09:02 AM

		 To: Gregg.Penman@enron.com, jeffrey.t.hodge@enron.com,
Stacy.E.Dickson@enron.com
		 cc: m.klyasheff@pecorp.com, s.richman@pecorp.com
		 Subject: revised enovate - OXY master agreement

Gregg,

Per our conversation, attached is a revised draft Master Firm Purchase/Sale
Agreement between enovate and Oxy for your comment.  With respect to Mary's
last draft, I have changed Section 2.4 back to having enovate only sending
confirmations.  Other changes that were previously made by Mary were in
Section 2.3 which now allows either party can maintain recording equipment
and Section 8.2 which reinstated the original transfer language.

Let me know if you have other questions or changes to be made before it goes
back to OXY.  Thanks, Rich.

   <<oxy master K 04-19-01.doc>>

----------------------------------------------------------------
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
dissemination or other use of, or taking of any action in reliance
upon, this information by persons or entities other than the
intended recipient is prohibited. If you received this in error,
please contact the sender and delete the material from any computer.

 - oxy master K 04-19-01.doc


Avis Real-Time Reservations Confirmation
----------------------------------------------------------------------
NOTE: If you cancelled your reservation immediately after processing,
      please disregard this confirmation.
----------------------------------------------------------------------
Thank you for choosing Avis.  The following information was calculated
based on the information shown below that you provided to us.  Changes
in pick-up or return location, car group, dates or times may change
this rate.  This rate is for renters 25 years of age or older with a
major credit card in their name.
----------------------------------------------------------------------
Listed below is your reservation confirmation:
----------------------------------------------------------------------
Reservation Number.......: 30134505US2

Your rate for the  2 day
   period is.............:      59.82 - USD
Mileage..................: Unlimited free Miles/Kilometers

Surcharge................: $0.75 per day (Customer Contract Fee) + 11.11% (Concession Recovery Fee)
Tax......................: 6.000 %
Approximate Total........: 72.05 - USD
----------------------------------------------------------------------
You requested a reservation for:
----------------------------------------------------------------------
Pick-Up Location.........: Newark Intl Airport - EWR
Pick-Up Date.............: Friday August 03, 2001
Pick-Up Time.............: 4:00 PM (1600)

Return Location..........: Newark Intl Airport - EWR
Return Date..............: Sunday August 05, 2001
Return Time..............: 4:00 PM (1600)

Car Group................: Group C - Pontiac Grand Am or similar

Name.....................: MARK TAYLOR
AWD#.....................: L145587
Frequent Flyer#..........: CONTINENTAL AIRLINES SC471253
----------------------------------------------------------------------
For additional information on the "Pick-Up Location", please go to:

http://www.avis.com/L/?STAMNE=EWR

If you need to REVIEW or CANCEL this reservation, please go to:

http://www.avis.com/R/?RES_NO=30134505US2&LASTNAME=TAYLOR

You will need both your Reservation Number (30134505US2) and Last
Name (TAYLOR) to enter.

If you did not make this reservation, please send an e-mail with the
above rental information to:

saveus1@wrc.avis.com

Debit, Check, or Cash Cards are not accepted as credit identification
at the beginning of an auto rental.  An Avis honored charge card or an
Avis Cash Pre-payment ID Card is required at the beginning of the
rental.  Debit, Check, or Cash Cards can be used at the end of the
rental for payment of rental charges.
----------------------------------------------------------------------
Thank you for booking your auto with Avis Rent A Car.

Avis Rent A Car: http://www.avis.com/
----------------------------------------------------------------------
US/BB-CR/L


Does this mean that the two new Sitara books I requested are complete?  I
looked in Sitara and could not find the new names.  Please let me know.
Thanks.

DG    3-9573
---------------------- Forwarded by Darron C Giron/HOU/ECT on 06/15/2000
10:34 AM ---------------------------

	From:  Samuel Schott                           06/14/2000 08:49 PM

To: Imelda Frayre/HOU/ECT@ECT
cc: Richard Elwood/HOU/ECT@ECT, Judy Rose/HOU/ECT@ECT, Debbie R
Brackett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT,
George Smith/HOU/ECT@ECT, Dave Nommensen/HOU/ECT@ECT, Melissa
White/HOU/ECT@ECT, Trang Le/HOU/ECT@ECT, Donna Greif/HOU/ECT@ECT, Kathryn
Cordes/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Regina Perkins/HOU/ECT@ECT,
Thomas Engel/HOU/ECT@ECT
Subject: Re: GCP New Portfolio Request - Complete

Hi Imelda,

Your requests are complete as follows:

Rgds.

Samuel x3-9890
(GCP_ENA)

Imelda Frayre

06/13/2000 01:02 PM
To: Samuel Schott/HOU/ECT@ECT, Richard Elwood/HOU/ECT@ECT, Judy
Rose/HOU/ECT@ECT
cc: Debbie R Brackett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Darron C
Giron/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Dave Nommensen/HOU/ECT@ECT,
Melissa White/HOU/ECT@ECT, Trang Le/HOU/ECT@ECT, Donna Greif/HOU/ECT@ECT,
Kathryn Cordes/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Regina
Perkins/HOU/ECT@ECT, Thomas Engel/HOU/ECT@ECT
Subject: New Portfolio Request


whats your number

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 2:40 PM
To:	Maggi, Mike
Subject:	RE:

that is not nice.  i see how you are!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, January 04, 2002 2:39 PM
To:	Nelson, Michelle
Subject:	RE:

maybe

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 2:36 PM
To:	Maggi, Mike
Subject:	RE:

well that was a nice thing to say.  if i didn't would you still want to hang out with me?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, January 04, 2002 2:28 PM
To:	Nelson, Michelle
Subject:	RE:

nothing, you just look good so i wanted to hang out with you

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 2:27 PM
To:	Maggi, Mike
Subject:	RE:

you gave in?  that's suprising!  what did you want to talk about?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, January 04, 2002 2:23 PM
To:	Nelson, Michelle
Subject:	RE:

ok

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 2:14 PM
To:	Maggi, Mike
Subject:	RE:

i am going home.  i have to.  if i wasn't going to dallas i would go.  sorry

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, January 04, 2002 2:13 PM
To:	Nelson, Michelle
Subject:	RE:

or somewhere

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 2:13 PM
To:	Maggi, Mike
Subject:	RE:

no i'm going to finish this and ask fred if i can leave, walk with you, get in my car and go home.  :)

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, January 04, 2002 2:12 PM
To:	Nelson, Michelle
Subject:	RE:

yep

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 2:12 PM
To:	Maggi, Mike
Subject:	RE:

come back to work?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, January 04, 2002 2:12 PM
To:	Nelson, Michelle
Subject:	RE:

are you going to come back

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 2:11 PM
To:	Maggi, Mike
Subject:	RE:

can you wait about 20 minutes?  you are impatient.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, January 04, 2002 2:11 PM
To:	Nelson, Michelle
Subject:	RE:

ok how about now

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 2:10 PM
To:	Maggi, Mike
Subject:	RE:

i can't go.  i'll walk out with you though.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, January 04, 2002 2:10 PM
To:	Nelson, Michelle
Subject:	RE:

ok, ready?

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 2:09 PM
To:	Maggi, Mike
Subject:	RE:

maybe

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, January 04, 2002 2:10 PM
To:	Nelson, Michelle
Subject:	RE:

are you almost done

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 2:09 PM
To:	Maggi, Mike
Subject:	RE:

i promise she does.  she said that she had to have a report to louise by the 7th

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, January 04, 2002 2:09 PM
To:	Nelson, Michelle
Subject:	RE:

no she doesnt, ready?

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 2:06 PM
To:	Maggi, Mike
Subject:	RE:

i can't.  i am not finished with this and she needs it by the weekend.  i won't get home until late.  what's so urgent?  cna't it wait another week?  i am so funny

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, January 04, 2002 2:06 PM
To:	Nelson, Michelle
Subject:	RE:

nope, lets go now

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 2:02 PM
To:	Maggi, Mike
Subject:	RE:

i don't think that i can go.  maybe next week.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, January 04, 2002 2:02 PM
To:	Nelson, Michelle
Subject:	RE:

i know, lets go

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 1:57 PM
To:	Maggi, Mike
Subject:

you lied.  fred is still here.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/26/2001
08:12 AM ---------------------------
From: Li Sun@ENRON COMMUNICATIONS on 02/23/2001 09:30 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Enron&China: Is Enron Overpriced? It's in a bunch of complex
businesses. Its financial ...

Hi, Vince,

How are you doing? I called Wed to set up a meeting with you, unfortunately
you were out of town. Since I just got my computer and email account set up
today, it was not that convenient to contact you. Please let me know when you
are available. Please see the following for the interesting article about
Enron, and it is exactly what you have been worried about and now it is
starting to catch Wall Street's attention. So I belive what you have been
promoting to do is very constructive to the company.

In addition, please let me know if you need any help with Tiger Team. I
didn't forget yesterday's conference, but I was so tied up in a meeting and
couldn't leave. The learning curve is quite steep for a freshhand like me at
the very beginning.

You are such a remarkable person, and I feel lucky I got the chance to work
for you. I really appreciate your help and your kindness to me, and I benefit
from it tremendously. Please please let me know if there is anything I could
help.

Best Wishes!

Li

Is Enron Overpriced?
It's in a bunch of complex businesses. Its financial
statements are nearly impenetrable. So why is Enron
trading at such a huge multiple?
Bethany McLean

03/05/2001
Fortune Magazine
122+
(Copyright 2001)

   In Hollywood parlance, the "It Girl" is someone who commands the
spotlight at any given moment--you know, like Jennifer Lopez or Kate
Hudson. Wall Street is a far less glitzy place, but there's still
such a thing as an "It Stock." Right now, that title belongs to
Enron, the Houston energy giant. While tech stocks were bombing at
the box office last year, fans couldn't get enough of Enron, whose
shares returned 89%. By almost every measure, the company turned in a
virtuoso performance: Earnings increased 25%, and revenues more than
doubled, to over $100 billion. Not surprisingly, the critics are
gushing. "Enron has built unique and, in our view, extraordinary
franchises in several business units in very large markets," says
Goldman Sachs analyst David Fleischer.

   Along with "It" status come high multiples and high expectations.
Enron now trades at roughly 55 times trailing earnings. That's more
than 2 1/2 times the multiple of a competitor like Duke Energy, more
than twice that of the S&P 500, and about on a par with new-economy
sex symbol Cisco Systems. Enron has an even higher opinion of itself.
At a late-January meeting with analysts in Houston, the company
declared that it should be valued at $126 a share, more than 50%
above current levels. "Enron has no shame in telling you what it's
worth," says one portfolio manager, who describes such gatherings as
"revival meetings." Indeed, First Call says that 13 of Enron's 18
analysts rate the stock a buy.
   But for all the attention that's lavished on Enron, the company
remains largely impenetrable to outsiders, as even some of its
admirers are quick to admit. Start with a pretty straightforward
question: How exactly does Enron make its money? Details are hard to
come by because Enron keeps many of the specifics confidential for
what it terms "competitive reasons." And the numbers that Enron does
present are often extremely complicated. Even quantitatively minded
Wall Streeters who scrutinize the company for a living think so. "If
you figure it out, let me know," laughs credit analyst Todd Shipman
at S&P. "Do you have a year?" asks Ralph Pellecchia, Fitch's credit
analyst, in response to the same question.

   To skeptics, the lack of clarity raises a red flag about Enron's
pricey stock. Even owners of the stock aren't uniformly sanguine.
"I'm somewhat afraid of it," admits one portfolio manager. And the
inability to get behind the numbers combined with ever higher
expectations for the company may increase the chance of a nasty
surprise. "Enron is an earnings-at-risk story,'' says Chris Wolfe,
the equity market strategist at J.P. Morgan's private bank, who
despite his remark is an Enron fan. "If it doesn't meet earnings,
[the stock] could implode."

   What's clear is that Enron isn't the company it was a decade ago.
In 1990 around 80% of its revenues came from the regulated gas-
pipeline business. But Enron has been steadily selling off its old-
economy iron and steel assets and expanding into new areas. In 2000,
95% of its revenues and more than 80% of its operating profits came
from "wholesale energy operations and services." This business, which
Enron pioneered, is usually described in vague, grandiose terms like
the "financialization of energy"--but also, more simply, as "buying
and selling gas and electricity." In fact, Enron's view is that it
can create a market for just about anything; as if to underscore that
point, the company announced last year that it would begin trading
excess broadband capacity.

   But describing what Enron does isn't easy, because what it does is
mind-numbingly complex. CEO Jeff Skilling calls Enron a "logistics
company" that ties together supply and demand for a given commodity
and figures out the most cost-effective way to transport that
commodity to its destination. Enron also uses derivatives, like
swaps, options, and forwards, to create contracts for third parties
and to hedge its exposure to credit risks and other variables. If you
thought Enron was just an energy company, have a look at its SEC
filings. In its 1999 annual report the company wrote that "the use of
financial instruments by Enron's businesses may expose Enron to
market and credit risks resulting from adverse changes in commodity
and equity prices, interest rates, and foreign exchange rates."

   Analyzing Enron can be deeply frustrating. "It's very difficult
for us on Wall Street with as little information as we have," says
Fleischer, who is a big bull. (The same is true for Enron's
competitors, but "wholesale operations" are usually a smaller part of
their business, and they trade at far lower multiples.) "Enron is a
big black box," gripes another analyst. Without having access to each
and every one of Enron's contracts and its minute-by-minute
activities, there isn't any way to independently answer critical
questions about the company. For instance, many Wall Streeters
believe that the current volatility in gas and power markets is
boosting Enron's profits, but there is no way to know for sure. "The
ability to develop a somewhat predictable model of this business for
the future is mostly an exercise in futility," wrote Bear Stearns
analyst Robert Winters in a recent report.

   To some observers, Enron resembles a Wall Street firm. Indeed,
people commonly refer to the company as "the Goldman Sachs of energy
trading." That's meant as a compliment. But the fact that part of
Goldman's business is inherently risky and impenetrable to outsiders
is precisely the reason that Goldman, despite its powerful franchise,
trades at 17 times trailing earnings--or less than one-third of
Enron's P/E. And as Long Term Capital taught us, the best-laid
hedges, even those designed by geniuses, can go disastrously wrong.
"Trying to get a good grip on Enron's risk profile is challenging,"
says Shipman.

   Nor at the moment is Enron's profitability close to that of
brokerages (which, in fairness, do tend to be more leveraged). While
Wall Street firms routinely earn north of 20% returns on their equity-
-Goldman's ROE last year was 27%--Enron's rate for the 12 months
ended in September (the last period for which balance sheet
information is available) was 13%. Even less appealing is Enron's
return on invested capital (a measure including debt), which is
around 7%. That's about the same rate of return you get on far less
risky U.S. Treasuries.

   Enron vehemently disagrees with any characterization of its
business as black box-like. It also dismisses any comparison to a
securities firm. "We are not a trading company," CFO Andrew Fastow
emphatically declares. In Enron's view, its core business--where the
company says it makes most of its money--is delivering a physical
commodity, something a Goldman Sachs doesn't do. And unlike a trading
firm, which thrives when prices are going wild, Enron says that
volatility has no effect on its profits--other than to increase
customers, who flock to the company in turbulent times. Both
Skilling, who describes Enron's wholesale business as "very simple to
model," and Fastow note that the growth in Enron's profitability
tracks the growth in its volumes almost perfectly. "People who raise
questions are people who have not gone through [our business] in
detail and who want to throw rocks at us," says Skilling. Indeed,
Enron dismisses criticism as ignorance or as sour grapes on the part
of analysts who failed to win its investment-banking business. The
company also blames short-sellers for talking down Enron. As for the
details about how it makes money, Enron says that's proprietary
information, sort of like Coca-Cola's secret formula. Fastow, who
points out that Enron has 1,217 trading "books" for different
commodities, says, "We don't want anyone to know what's on those
books. We don't want to tell anyone where we're making money."

   In addition to its commodities business, Enron has another
division called Assets and Investments that is every bit as
mysterious. This business involves building power plants around the
world, operating them, selling off pieces of them, "invest[ing] in
debt and equity securities of energy and communications-related
business," as Enron's filings note, and other things.

   Actually, analysts don't seem to have a clue what's in Assets and
Investments or, more to the point, what sort of earnings it will
generate. Enron's results from that part of its business tend to be
quite volatile--profits fell from $325 million in the second quarter
of 1999 to $55 million in the second quarter of 2000. In written
reports, Morgan Stanley chalked up the decline to the poor
performance of Enron's "significant number of investments" in telecom
stocks; Dain Rauscher Wessels blamed it on a lack of asset sales.

   In any event, some analysts seem to like the fact that Enron has
some discretion over the results it reports in this area. In a
footnote to its 1999 financials, Enron notes that it booked "pretax
gains from sales of merchant assets and investments totaling $756
million, $628 million, and $136 million" in 1999, 1998, and 1997.
"This is an enormous earnings vehicle, which can often be called upon
when and if market conditions require," notes UBS Warburg analyst Ron
Barone. Not everyone is so chipper. "We are concerned they are
liquidating their asset base and booking it as recurring revenue,
especially in Latin America," says analyst Andre Meade at Commerzbank-
-who has a hold rating on the stock. At the least, these sorts of
hard-to-predict earnings are usually assigned a lower multiple.

   There are other concerns: Despite the fact that Enron has been
talking about reducing its debt, in the first nine months of 2000 its
debt went up substantially. During this period, Enron issued a net
$3.9 billion in debt, bringing its total debt up to a net $13 billion
at the end of September and its debt-to-capital ratio up to 50%, vs.
39% at the end of 1999. Nor does Enron make life easy for those who
measure the health of a business by its cash flow from operations. In
1999 its cash flow from operations fell from $1.6 billion the
previous year to $1.2 billion. In the first nine months of 2000, the
company generated just $100 million in cash. (In fact, cash flow
would have been negative if not for the $410 million in tax breaks it
received from employees' exercising their options.)

   But Enron says that extrapolating from its financial statements is
misleading. The fact that Enron's cash flow this year was meager, at
least when compared with earnings, was partly a result of its
wholesale business. Accounting standards mandate that its assets and
liabilities from its wholesale business be "marked to market"--
valued at their market price at a given moment in time. Changes in
the valuation are reported in earnings. But these earnings aren't
necessarily cash at the instant they are recorded. Skilling says that
Enron can convert these contracts to cash anytime it chooses by
"securitizing" them, or selling them off to a financial institution.
Enron then receives a "servicing fee," but Skilling says that all the
risks (for example, changes in the value of the assets and
liabilities) are then transferred to the buyer. That's why, he says,
Enron's cash flow will be up dramatically, while debt will be "way
down, way down" when the company publishes its full year-end results,
which are due out soon.

   That's good, because Enron will need plenty of cash to fund its
new, high-cost initiatives: namely, the high-cost buildout of its
broadband operations. In order to facilitate its plan to trade excess
bandwidth capacity, Enron is constructing its own network. This
requires big capital expenditures. So broadband had better be a good
business. Both Enron and some of the analysts who cover it think it
already is. Included in the $126 a share that Enron says it's worth
is $40 a share--or $35 billion--for broadband. Several of Enron's
analysts value broadband at $25 a share, or roughly $22 billion (and
congratulate themselves for being conservative). But $22 billion
seems like a high valuation for a business that reported $408 million
of revenues and $60 million of losses in 2000. Not all analysts are
so aggressive. "Valuing the broadband business is an "extremely
difficult, uncertain exercise at this point in time," notes Bear
Stearns' Winters, who thinks that broadband, while promising, is
worth some $5 a share today.

   Of course everything could go swimmingly. Enron has told analysts
that it plans to sell between $2 billion and $4 billion of assets
over the next 12 months. The bullish scenario for Enron is that the
proceeds from those sales will reduce debt, and as earnings from new
businesses kick in, the company's return on invested capital will
shoot upward. Along with broadband, Enron has ambitious plans to
create big businesses trading a huge number of other commodities,
from pulp and paper to data storage to advertising time and space.
Perhaps most promising is its Enron Energy Services business, which
manages all the energy needs of big commercial and industrial
companies. Skilling has told analysts that its new businesses will
generate a return on invested capital of about 25% over the long run.

   But all of these expectations are based on what Wolfe, the  J.P.
Morgan strategist, calls "a little bit of the China syndrome"--in
other words, if you get x% of y enormous market, you'll get z in
revenues. For instance, Enron says the global market for broadband
and storage services will expand from $155 billion in 2001 to
somewhere around $383 billion in 2004. "Even a modest market share
and thin margins provide excellent potential here," writes Ed
Tirello, a Deutsche Bank Alex. Brown senior power strategist. The
problem, as we know from innumerable failed dot-coms, is that the y
enormous market doesn't always materialize on schedule. And Enron
isn't leaving itself a lot of room for the normal wobbles and
glitches that happen in any developing business.

   In the end, it boils down to a question of faith. "Enron is no
black box," says Goldman's Fleischer. "That's like calling Michael
Jordan a black box just because you don't know what he's going to
score every quarter." Then again, Jordan never had to promise to hit
a certain number of shots in order to please investors.

   FEEDBACK: bmclean@fortunemail.com

COLOR PHOTO: PHOTOGRAPH BY PAUL HOWELL/LIAISON
SOME PEOPLE liken Enron, with its massive trading operation, to a
Wall Street securities firm.
COLOR PHOTO: AFP
ENRON still has plenty of old-economy iron and steel assets like
this one, but it has been selling them off at a steady clip.
COLOR CHART: FORTUNE CHART
Enron's stock is soaring
Enron
S&P 500
COLOR PHOTO: PAM FRANCIS/LIAISON
JEFF SKILLING, a former consultant, has taken over the reins from
chief executive officer Kenneth Lay.

Folder Name: Enron&China
Relevance Score on Scale of 100: 80

______________________________________________________________________

To review or revise your folder, visit http://www.djinteractive.com or
contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com
or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511
or contact your local sales representative.)
______________________________________________________________________

Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved


Hi Pete,

I'm attaching parts of an email I received from one of our technical folks
regarding the C of Austin turbine contract.  I have to send it in pieces
because it is so large.

Thanks,

Kay


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FOOD FOR THOUGHT - HOLIDAY ENTERTAINING
Issue # 19

A Joyous Feast

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Start Date: 3/16/01; HourAhead hour: 6;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001031606.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/16/01
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: EPMI_CISO_DVPLV
  ENGY_TYPE: FIRM


Tamara,

Any updates on my IRS refund? Also I need a contact for my 2001 returns. As I will now be working for UBS I will probably be paying privately to have my return done but I would still like PWC to do both my US and Canadian returns for 2001. Please advise.

Chris Dorland
403-974-6910

 -----Original Message-----
From: 	<tamara.l.utsch@ca.pwcglobal.com>@ENRON
Sent:	Tuesday, December 18, 2001 4:22 PM
To:	Dorland, Chris
Cc:	judy.perdomo@ca.pwcglobal.com
Subject:	IRS refund--update

Hi Chris!

I followed up with the same IRS representative I spoke with in November
regarding your missing cheque.  I wish I had better news for the holiday
season.

Three traces were placed on your missing refund cheque and three times the
trace has been rejected.  The IRS doesn't know why.  They are placing a
formal inquiry into the matter.  The representative I spoke with has
admitted that somebody on the IRS' end isn't doing what they are supposed
to be doing and he promised me they'd get down to the matter.  I can only
tell you that I will follow up again in January of the new year.

In the meantime, have a very Merry Holiday Season and a Wonderful New Year!

Best regards,

Tamara L. Utsch
International Assignment Solutions
PricewaterhouseCoopers LLP - Calgary
(403) 509-7498
----------------------------------------------------------------
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited.   If you received
this in error, please contact the sender and delete the material from any
computer.


Thanks Vivien!

Chris:  Given our Harbor meeting last week, I think the 2nd is too late for EnPower.  Didn't we say it is needed by the last day of the month?

C

 -----Original Message-----
From: 	Pham, Vivien
Sent:	Monday, May 07, 2001 1:48 PM
To:	Foster, Chris H.; Ratnala, Melissa
Subject:	ENA/EPMI - Harbor April 2001

Chris/Melissa

Attached please find a worksheet with the accrued number for April 01 production on Harbor deal.
Chris - I'll be sending you the accrued volume/dollars on the 2nd workday every month from now on and when the actual volumes come through, this accrual will be reversed and the actual number will be booked and paid (this will be added onto the worksheet that I've been sending you on a monthly basis).

As always if you have any questions, please let me know.  Thanks,

Vivien
X39558

 << File: EPMI_ENA Apr01.xls >>


Johan,

Please, confirm the interview on Thursday next week, 1-5.

Vince

Johan Dahl <jdahl@mrportland.com> on 01/24/2001 12:04:42 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Fwd: Re: ENRON-Resume Interview of James Valverde


?
***********************************
?
Lynn Bracken
Energy Manager
Summit Energy Services,  Inc.
9920 Corporate Campus Drive
Suite 2000
Louisville, KY  40223
502-429-3800


What's Worse Than A Pyromaniac In A Blazer?

A barber in a Seville

A seamstress in a Dart

An insurance adjuster in an Acclaim

A construction worker in a Bobcat

A creature in a black Laguna

A theater manager in a Marquis

An astronomer in an Eclipse

An exterminator in a Beetle

A call-girl in an Escort

A spiritualist in an Aurora

A proctologist in a Probe

A proctologist in a Ram

An orator in a Civic

A country singer in a Neon

A reporter in a S'Coupe

A Good Humor man in a S'Coupe

An orchestra conductor in a Prelude

A classical musician in a Sonata

A customs inspector in a Passport

A dog trainer in a Rover

A jeweler in a Topaz

A band leader in a Tempo

A gentleman in a Gallant

A Bullfighter in a Matador

A mother-in-law in a Barracuda

An electrician in a Charger

A snake handler in a Viper

A second-story man in a Prowler

A car thief in a Jimmy

A lepidopterist in a Monarch

Barbie in a Malibu

Sgt. Preston in a Yukon

Queen Elizabeth in a Regal

Prince Rainier in a Monaco

Princess Stephanie in a Riviera

Prince Charles in a Regency

Joan Collins in a Dynasty

(Hillary Clinton in a Park Avenue?)

Jim Garner in a Maverick

Kato in a green Hornet

Nixon in a Checker

Kissinger in a Diplomat

Speedy Gonzales in a Fiesta

Wile E. Coyote in a Road Runner

Elmer Fudd in a Wabbit

Miss Muffet in a Spyder

Charles Lindberg in an Intrepid

Christopher Columbus in a Voyager

Blackbeard in a Corsair

Russell Means in a Dakota

Tonto in a Cherokee

Dorothy in a Syclone

Benjamin Franklin in a Lightning

Carl Sagan in a Nova

Bruce Lee in a Sidekick

Oscar De la Hoya in a Challenger

John Mellencamp in a Cougar

Wonder Woman in a gold Lariat

Edmund Halley in a Comet

Public-TV yoga instructor Lillias in a Lotus

Rosie O'Donnel and Charlton Heston in a Colt

Yassir Arafat and Menahim Begin in an Accord

Nostradamus and Jeanne Dixon in a Futura


Thanks for the update. Sounds like an improvement to what is there now.
John Piper


Will he be there tonight, or shall we go for tomorrow am?

Kay

Ben F Jacoby@ECT
01/08/2001 06:01 PM
Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON
cc: Fred Mitro/HOU/ECT@ECT

Subject: Re: Ltr to SEL enclosing Facility Agreements

I called John Jones to give him a heads up. He requested that a full copy be
deliverd directly to him as well. Please let me know if you want me or Fred
to follow up on this.

Thanks,

Ben

Kay Mann@ENRON
01/08/2001 05:53 PM
To: Ben F Jacoby/HOU/ECT@ECT
cc:
Subject: Re: Ltr to SEL enclosing Facility Agreements

The stuff is being delivered in accordance with the notice provision of the
letter agreements, which means the  original goes to "President".  A copy is
also being delivered to George, so he would be a good one to make
distribution at Intergen.

Kay

Ben F Jacoby@ECT
01/08/2001 05:48 PM
Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Ltr to SEL enclosing Facility Agreements

Who at Intergen are the agreements being delivered to?

Kay Mann@ENRON
01/08/2001 05:35 PM
To: Ben F Jacoby/HOU/ECT@ECT
cc: Fred Mitro/HOU/ECT@ECT
Subject: Re: Ltr to SEL enclosing Facility Agreements

I had Ozzie sign it, and it has been sent to Carolyn.

Kay

Ben F Jacoby@ECT
01/08/2001 05:32 PM
Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON
cc: Fred Mitro/HOU/ECT@ECT

Subject: Re: Ltr to SEL enclosing Facility Agreements

I'm happy doing it, or Fred can sign.

Kay Mann@ENRON
01/08/2001 03:41 PM
To: Ben Jacoby/HOU/ECT@ECT
cc: Fred Mitro/HOU/ECT@ECT
Subject: Ltr to SEL enclosing Facility Agreements

Do you want to print, sign and fax, or shall I take to Janet or someone else
to sign?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/08/2001 03:37
PM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 01/08/2001 03:30:43 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: Ltr to SEL enclosing Facility Agreements

 <<2TCV01!.DOC>>
Kay:

Per your request, enclosed is a proposed letter to SEL enclosing the final
facility agreements.  I have included a "receipt acknowledged" signature in
the proposed letter, although I believe this is optional as long as our
courier, upon delivery, obtains a signature acknowledging receipt.  Please
advise of any comments.  Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosure: 131359v1

                    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.

 - 2TCV01!.DOC


Ina,

 I scheduled a meeting with Jean Mrha tomorrow at 3:30


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/19/2000 07:48
AM ---------------------------

Fred Mitro@ECT
12/18/2000 06:41 PM
To: Chris Booth/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT

Subject: NRG Deals

Kay/Chris:

Ben asked me to get involved in the NRG deal(s) that we are working on.  As I
understand it, we are working on 2 potential deals:

 1.  With the NRG San Diego group on the sale of the [March 2001] GE 7EA.

 2.  With the NRG Thermal group on the sale of one or more LM 6000 turbines.

Ben indicated that we need to have a CA in place that covers the delivery of
transaction documents to the San Diego group.  Ben also mentioned that Jim
Gilbert (Enron West Coast) has executed a CA with the NRG Thermal group.

Kay:  Does the CA executed with the NRG Thermal group contain language that
covers the delivery of documents to both NRG groups?

Chris:  Has any form of draft CA been provided to the NRG San Diego group?

Please let me know the answers to these questions.  I am in the office all
this week and will work with both of you to help move these deals forward.

Fred


---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/24/2000 01:18
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     08/24/2000 01:14 PM

To: "Leopold, Jason" <Jason.Leopold@dowjones.com>
cc:  (bcc: Carla Hoffman/PDX/ECT)
Subject: FW: Calif Gov Hopes To Get New Rate-Freeze Bill Unveiled Thursday

> -----Original Message-----
> From: Golden, Mark
> Sent: Thursday, August 24, 2000 4:02 PM
> To: Pergher, Gunther
> Subject: Calif Gov Hopes To Get New Rate-Freeze Bill Unveiled
> Thursday
>
> Calif Gov Hopes To Get New Rate-Freeze Bill Unveiled Thursday
>
>   NEW YORK (Dow Jones)--California Gov. Gray Davis and leading state
> congressional representatives hope to introduce in the State Assembly
> Thursday
> new legislation designed to stabilize the cost of electricity in San Diego
> County.
>   "Staff are trying to finish writing the bill now. We're hopeful that it
> can be
> introduced (Thursday). There are only eight days left in the congressional
> session," Gov. Davis' spokesman, Steven Maviglio, said.
>   The bill is the result of a compromise reached late Wednesday among Gov.
> Davis, San Diego's State Sen. Dede Alpert and the city's State
> Assemblywoman
> Susan Davis.
>   It replaces a bill passed unanimously by the Senate on August 10 that
> froze
> customers' rates without stipulating who would pay for electricity that
> San
> Diego Gas & Electric Co. must purchase from independent generating
> companies to
> meet its customers' demand.
>   Prices for those purchases, made through the state-run California Power
> Exchange and the California Independent System Operator, have been several
> times
> higher than historical norms this spring and past summer.
>   The new bill (similar to a proposal that the California Public Utilities
> Commission rejected Monday) would cap the price of electricity at 6.5
> cents a
> kilowatt-hour for residential customers and small businesses. That
> translates to
> an average residential bill of $68 a month when transmission and
> distribution
> charges are added in.
>   "Balancing accounts" would be established to make up the difference
> between
> what SDG&E is paying in wholesale markets and what it is getting paid by
> customers under the cap. In non-summer months, when electricity
> consumption and
> market prices are usually lower, customers would still pay 6.5 cents/kWh,
> and
> any money left over would be used to pay down the balancing account.
>   Surging wholesale electricity prices don't look to be coming down any
> time
> soon, however. Contracts for winter supplies this year at the
> California-Oregon
> border, a major trading hub, are at $132 a megawatt-hour, or 13.2
> cents/kWh, and
> rising daily. Supply contracts for all of 2001 at Palo Verde, Arizona,
> another
> major hub for deliveries to California, is at $95/MWh or 9.5 cents/kWh. In
> 2002,
> that price comes down to $69/MWh.
>   The new bill raises the question of whether the balancing accounts would
> ever
> be paid down. Who would pay the difference between the 6.5-cent capped
> retail
> price and the 9.5-cent wholesale market price? That difference over a
> three-year
> period has been estimated to be $1.5 billion for SDG&E, a unit of Sempra
> Energy
> (SRE), if current market conditions persist.
>   "There is a clause for making annual adjustments (to the retail price
> cap),
> and that's one of the things being worked on now," Maviglio said Thursday.
>
>   A much-debated price cap for the state limits prices to $250/MWh for any
> given
> hour, but the ISO has had to break that cap several times since it came
> into
> effect August 7. And average prices have been higher than they were before
> the
> cap.
>   The governor has appealed to the Federal Energy Regulatory Commission
> for fair
> and reasonable prices from independent power generators, who sell power to
> the
> state's utilities, and the FERC has agreed to hold hearings in the state.
>   "As governor, I refused to stand idly by and watch profiteering power
> generators gouge San Diego's families and businesses," Davis said
> Wednesday in
> announcing the agreement on the new bill.
>   But those generating companies have seen their costs skyrocket as well.
> Natural gas, which fuels much of California's power plants, is selling at
> record
> prices. And nitrogen-oxide pollution allowances are adding up to $50/MWh
> to
> costs. Generators have to buy such allowances under the state's
> environmental
> control program.
>   The stabilized rates would be retroactive to June 1, 2000, and extend to
> December 31, 2003. The bill also includes "fast track" authority for
> speeding
> approval of new power generating facilities, and some relief for mid-size
> and
> large businesses is included.
>   Informal talks between the governor's office and generating companies
> have
> been held. Eventually, Maviglio said, a negotiated settlement will have to
> be
> reached, but the governor first will see what the FERC decides to do.
>   -By Mark Golden, Dow Jones Newswires; 201-938-4604;
> mark.golden@dowjones.com
>
>   (END) Dow Jones Newswires 24-08-00
>   1954GMT(AP-DJ-08-24-00 1954GMT
>


---------------------- Forwarded by Patrick Hanse/HOU/ECT on 04/25/2001 08:35 AM ---------------------------

Patrick Hanse
04/25/2001 08:33 AM
To:	Tamara Jae Black/HOU/ECT@ECT
cc:
Subject:	vacation day

I will be using a  VACATION day on  Monday (4/30).  Please utilize my Discretionary holiday if it is still available.


I have asked Patti to send Sharron a list of all employees within Energy
Operations (a BIG list) and another one with managers and above (perhaps a
more manageable list) for this effort.  Since you went to the meeting I
didn't know whether or not you were following up on this.  Just wanted to let
you know that I have asked Patti to do this.  Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/11/2000 08:25 AM
---------------------------

Sharron Westbrook @ ENRON

02/10/2000 01:14 PM
To: Bob Butts/GPGFIN/Enron@ENRON, Mark E Lindsey/GPGFIN/Enron@ENRON, Wes
Colwell/HOU/ECT@ECT, Melissa Becker/Corp/Enron@ENRON, Wanda
Curry/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Tod Lindholm/Enron
Communications@Enron Communications, Cedric Burgher/Corp/Enron@Enron, Keith
Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dave
Gunther/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John B Echols/HOU/EES@EES,
Jeffrey E Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert
Hermann/Corp/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON
cc: Dortha Gray/GPGFIN/Enron@ENRON, Karen Myer/GPGFIN/Enron@ENRON, Shirley
Tijerina/Corp/Enron@ENRON, Margarite Cunningham/Corp/Enron@ENRON, Patti
Thompson/HOU/ECT@ECT, Carmella Jones/HOU/ECT@ECT, Linda
Hawkins/Corp/Enron@ENRON, Darlene Taylor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Norma Petry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandy Lewelling/Enron
Communications@Enron Communications
Subject: Celebration

In staff meeting last week, Rick mentioned that he would like to sponsor a
year-end celebration for accounting employees and spouses sometime in the
next month.  I need a list of accounting personnel in your group.  We need
this ASAP because the number of employees will determine the size of the
facility needed.


call me about it tonight


Status please?
----- Forwarded by Dan J Hyvl/HOU/ECT on 10/17/2000 09:59 AM -----

	Debbie R Brackett
	10/17/2000 08:20 AM

		 To: Russell Diamond/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Dan J
Hyvl/HOU/ECT@ECT
		 cc: William S Bradford/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT
		 Subject: CAGE GAS SERVICES CORPORATION BANKRUPTCY

Please let me know current status on this default, and what steps we should
take now that they've filed bankruptcy.

---------------------- Forwarded by Debbie R Brackett/HOU/ECT on 10/17/2000
08:16 AM ---------------------------

CICS *RASM <"RASM+CICS:JES+xRISK ASSESSMENT 6737089"@MCIMAIL.COM> on
10/17/2000 02:12:14 AM
To: DEBBIE BRACKETT <DBRACKE@ECT.ENRON.COM>
cc:
Subject: NO SUBJECT 10/17 02:39:58

DUN & BRADSTREET ALERT SERVICES/SEVERE RISK OPTION
       BANKRUPTCY NOTIFICATION
-
FORWARD TO:     DEBBIE BRACKETT
SUB:            073012898
SUB NAME:       ENRON CORPORATION - ORG
SUB CITY,STATE: HOUSTON TX
INQUIRY DATE:   06/15/00
TRADE TAPE:
LIST SERVICE:
DUNS:           927895490
BUSINESS NAME:  CAGE GAS SERVICES CORPORATION
TRADESTYLE:
TRADESTYLE:
TRADESTYLE:
BUSINESS STREET:6 EAST 5TH ST SUITE 800
CITY,STATE,ZIP: TULSA OK 74104
BUSINESS PHONE: 9185920110
SIC CODE:       4924
ACCORDING TO OUR RECORDS, YOU ARE MONITORING THE ABOVE BUSINESS UNDER THE
SEVERE
RISK OPTION.  OUR INVESTIGATION REVEALED THE FOLLOWING:
------------------------------------------------------------------------------
--
FILING NAME:      CAGE GAS SERVICES CORPORATION   ATTORNEY INFORMATION
CITY,STATE,ZIP:   TULSA OK 74104
TYPE OF FILING:   INVOLUNTARY
CHAPTER:          07
FILING DATE:      10/03/00
DOCKET/CASE#:     00-03753-M
BANKRUPTCY COURT: TULSA OK
ASSETS:                      $0
LIABILITIES:                 $0
------------------------------------------------------------------------------
--
IF YOU HAVE ANY QUESTIONS OR WISH TO ORDER A COPY OF THE D&B REPORT OR HAVE
ANY
INFORMATION REGARDING SEVERE BUSINESS SITUATIONS, CALL 800-846-0033 OR FAX
610-882-7979
------------------------------------------------------------------------------
--
THIS REPORT, PROVIDED UNDER CONTRACT SOLELY FOR USE BY SUBSCRIBERS CREDIT,
INSURANCE, MARKETING OR OTHER BUSINESS DECISIONS, CONTAINS INFORMATION
COMPILED
FROM SOURCES D&B DOES NOT CONTROL AND WHOSE INFORMATION, UNLESS OTHERWISE
INDICATED IN THE REPORT, HAS NOT BEEN VERIFIED. IN PROVIDING THIS REPORT, D&B
DOES NOT ASSUME ANY PART OF THE USERS BUSINESS RISK, DOES NOT GUARANTEE THE
ACCURACY, COMPLETENESS OR TIMELINESS OF THE INFORMATION AND SHALL NOT BE
LIABLE FOR ANY LOSS OR INJURY RESULTING FROM THE RELIANCE ON THIS REPORT.
THIS
REPORT MAY NOT BE REPRODUCED IN WHOLE OR IN PART IN ANY MANNER WHATEVER.


Rgds

Michael


Steve, we have not heard from him.  Vanessa followed up Stelzer's call with
the letter.

From: Steven J Kean on 04/02/2001 09:46 AM
To: Rosalee Fleming/Corp/Enron@ENRON
cc:
Subject: Advisory council meeting

See last question.
----- Forwarded by Steven J Kean/NA/Enron on 04/02/2001 09:46 AM -----

	Stelzer@aol.com
	04/02/2001 08:47 AM

		 To: klay@enron.com
		 cc: skean@enron.com
		 Subject: Advisory council meeting

    Let me review where we stand for the April 10-11 meeting.
1.  I have spoken with Gavyn and asked him to add to his usual review
comments on the significance of recent developments for Enron.
2.  I have asked Bill Kristol to do the same.
3.  I have asked Paul Portney to review "the lay of the land" in the
environmental policy area.
4.  Since we couldn't locate a speaker to address the question of how Enron,
now larger and more corporate than in the past, can continue to attract the
best, the brightest (and the oddest?), I have asked Pankaj to give a brief
talk about what the literature generated by his colleagues has to tell us on
this subject.
5.  I couldn't get anyone on the "monopoly-too-big-and-powerful" question,
although I am still trying.
I assume you folks will brief us on California and the national energy supply
picture. Have we heard from the author of "When Genius Fails"?


Tana:

None of the following CPs are authorized to trade US power:

Cook Inlet Energy Supply LP - restricted by credit
Albchem Industries, Ltd. - restricted by credit
Anadarko Minerals Inc. - restricted by credit
Apache Corp. - not a current trading partner/not FERC-approved marketer
Statoil Marketing & Trading (US) inc. - restricted by credit
Veba Oil Supply & Trading, Inc. - not a current trading partner/not
FERC-approved marketer

Leslie