Richard Shapiro
	02/21/2001 04:51 PM

		 To: Ginger Dernehl/NA/Enron@Enron
		 cc:
		 Subject: California

Please forward to entire group- these are recent talking points re:
California.
---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/21/2001
04:50 PM ---------------------------
From: Jeff Dasovich on 02/21/2001 01:31 AM
Sent by: Jeff Dasovich
To: Richard Shapiro/NA/Enron@Enron, skean@enron.com, Paul
Kaufman/PDX/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Sandra
McCubbin/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Leslie
Lawner/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, mpalmer@enron.com,
Karen Denne/Corp/Enron@ENRON, Linda Robertson/NA/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON
cc:

Subject: DRAFT Message Points for Hertzberg Conversationq

Here are some draft message points.  Please review.  Apologies in advance is
they're a little rough, but these guys are getting bothersome at this point.

Best,
Jeff

Recent legislative proposals designed to 1) give the State the role of
developing, owning and operating power plants in California (SB6X--Burton)
and 2) buy PG&E and Edison's electric transmission assets (SB33X--Burton) are
taking California in the wrong direction and won't solve the State's
electricity crisis.
Two other recently introduced new bills are equally disturbing and
counter-productive:  AB60X (Hertzerg) would make plant certification
contingent upon the developer agreeing to sell the power to the state at
"just and reasonable, cost based rates."  SB39X (Spier) would classify power
plant as public utilities and would dictate plant operations to a very
significant degree.
The proposals are significantly outside the mainstream and offer a political,
as opposed to an economic, commercial, financial, or technical solution.
Around the rest of the world, governments are privatizing these industries,
relying on efficient capital markets to provide both the infrastructure  and
the products and services that derive from that infrastructure.
Astonishingly, California is moving in the opposite direction, toward a
state-owned and operated, centrally-planned industry.
The notion that a state takeover of the industry is the only choice that
California has left is false, will lead to a seriously flawed economic
policy, and will result in consumers paying higher prices for lower quality
services for years to come.
As a political solution, these bills will not increase supply, decrease
demand, or get the utilities back on their financial feet.
In fact, they are likely to do just the opposite:
They will result in a significant expansion of the state bureaucracy and
create additional burdens on the state budget.
The transmission buyout contemplated in SB33X is extremely complex, requiring
buy-in from state and federal authorities, bondholders, creditors and
others.
California will be forced to spend an enormous amount of time and resources
trying to achieve the deal, with no certainty of success, particularly in
view of PG&E's public opposition.
There is no evidence that the State has any expertise in overseeing a TX
system as large and complex as the ones possessed by PG&E and Edison, even if
it did manage to complete the transaction.
Nor have any estimates been made regarding how much additional capital
California will be required to invest in what is generally viewed as a
transmission network in desperate need of repair and upgrading.
In the meantime, summer approaches, and the gap between supply and demand
remains staggering.
This complex, costly and litigious alternative will in no way reduce the
serious threat of blackouts that California faces this summer.
When those blackouts arrive*and they will unless bold action is taken swiftly*
consumer will wonder why policy makers spent their time negotiating the price
of utility transmission assets.
As important, it is extremely difficult to see how the transmission buy-out
offers creditors a better alternative to bankruptcy court.
Indeed, when viewed against the uncertainty of achieving the transmission
buy-out, particularly in light of the politically charged atmosphere in which
the debate is taking place, creditors seem increasingly inclined to opt for
the relative certainty that comes with a bankruptcy court.
If that happens, the State loses a significant amount of influence over the
situation.
Moreover, SB6X squarely inserts the State into the power plant business,
despite the face that there is abundant private capital ready and willing to
invest in California*IF California provides the investment environment to
attract that capital.
Unfortunately, these bills create an environment that is hostile toward
investment capital.
Distressingly, the state could finance, develop, own and/or operate power
plants, at the same time that it controls the monopoly transmission system.
In addition, any company that uses the newly-created &Power Authority,s8
financing authority would have the price that it can charge for power set by
the &Authority,8 or, if the developer is a utility, by the California PUC.
In sum, the biggest player in the power business*the State*will control the
network that power suppliers must use to get their power to market.
The state will control the price to use the network, and in many cases it
will also control the prices power suppliers charge for power services.
This scenario makes the old vertically-integrated monopoly structure look
inviting.
Capital markets will run from this &solution8 and put capital to more
productive uses outside of California.
Under this proposed &solution8 only IOUs and municipal utilities will build
plants, and the state will be forced to finance them.
That,s the same recipe for inefficiency and waste that got California to
electricity prices that were 50% higher than the national average.
We,ve been down that route; it,s been given chance after chance to succeed,
and it,s failed.  State-ownership and intrusive regulation haven,t worked in
the past, and they won,t work today.
This package of bills will increase the risk of blackouts this summer;
increase the time it takes to close the gap between supply and demand in
California; increase the likelihood of bankruptcy; and force businesses to
look elsewhere to locate and/or expand operations, all of which put
California,s economy at risk.
The real solution is to succeed in doing what California failed to do the
first time*lay the groundwork for truly competitive retail and wholesale
markets and foster an environment designed to foster investment, invest,
rather than chase it away.
---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/21/2001
04:50 PM ---------------------------

Susan J Mara
02/21/2001 04:22 PM
To: Mark Palmer/Corp/Enron@ENRON
cc: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron

Subject: Message Points

Mark,

I have passed the following message points out to some colleagues to help
them respond to reporters calls.  I put it together by smushing together
jeff's and my points.  It addresses all four bills of concern.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854


CALENDAR ENTRY:	APPOINTMENT

Description:
	Flight from Oslo to Paris

Date:		5/18/2001
Time:		7:05 AM - 9:30 AM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


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Message-ID: <3A6329DA.BB167C48@hal-pc.org>
Date: Mon, 15 Jan 2001 10:48:26 -0600
From: Jay Jones <jjones@hal-pc.org>
Organization: hal-pc.org
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Subject: Re: [tmca-list] Mechanic
X-MIME-Autoconverted: from 8bit to quoted-printable by mailman.enron.com id
f134fwh16630

JJHWALACE@aol.com wrote:
>
> I need a diesel mechanic that will come to the boat, anybody have any
> recommendations. I heard maybe Josh Wallach or Jay Jones had a good lead on
a dependable mechanic.

Well JJ it looks like you are up to your arm pits in mechanics.
The three guys I recommend without reserve are not heavy duty mechanics;
First is the upholstry, bimini,dodger, guy Jack Wier 281..538.2145
Live aboard and floating shop at Maria del mud
Second is Jim Tisdale Carpenter and electrical pager281.321..7827
I dream of having Jim build me a house. First rate guy.
Third Domenick Santoro cell281.513..3086
All around mechanic ex yard mgr.@Seabrook shipyard

All three of these guys have done extensive work on Spirit Horse and
will do the next boat too.

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Is this on Vanessa's update list?  Are users happy with the results?
---------------------- Forwarded by Sally Beck/HOU/ECT on 04/04/2001 01:39 PM
---------------------------
From: Zhiyong Wei/ENRON@enronXgate on 04/04/2001 01:07 PM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Update for Executive Report Viewer project

Sally,

I just want to give you an update on the Executive Report Viewer project in
case you are not aware of the status. The development of the ERV project has
been completed and delivered on schedule. The feedback from the demo was very
positive. The application has been handed over for user acceptance test.

Thanks

Zhiyong


Dear Ken,

Good morning.  Today is a new day!  I know yesterday and the entire past week have been extremely difficult for you, your family, and the entire Enron family.  I just wanted you to know that I'm keeping you in my thoughts and prayers.  We all are extremely fortunate to have you as a leader and continue to support you stronger than ever as you navigate us through this time.  As you mentioned yesterday, times like these make us stronger and build character - so important for all employees to remember.  Please know that I will do whatever possible to carry that message forward.

Best Regards,

Kathy

*Vanilla has always been my favorite flavor!


Yahoo! News	Edit Breaking News Alerts - Yahoo!

	Breaking News Alert	 edit
WASHINGTON _ Senate approves compromise budget.

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Thanks for the e-mail.  Please let me know if Clayton does not honor his
commitment to complete his current project.  I am giving Clayton an
opportunity (next 6 months) to prove he can add value to our operation
creating state of the art decision support tools.  If he fails, I will take
the necessary steps.

Thank you.


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!!


To accommodate the students who wish to attend the Paul Newman talk, we've
changed the time for the MBA Club Night.? The talk should end by 6:15.
heidi

Come to Club Night!
Thursday, September 7

NEW TIME? 6:00 - 8:00

Haas Courtyard

Look forward to seeing you there!
Heidi
p.s.? An updated list of clubs will soon be available on the MBAA website.


missing deals for bob:

buy edison mission
223.00
dec
np15
25 mw
peak

sell calpine
223.00
dec
np15
25 mw
peak


<<NPSPHis.xls>> Kate here is the History for NP15 and SP15, I believe you
should have the most recent information it is on the -emails.
If you have any questions you can call me.

Regards,
Jennifer Jones
609-520-4452

 - NPSPHis.xls


----- Forwarded by Jeff Dasovich/NA/Enron on 02/05/2001 10:26 AM -----

	"Daniel Douglass" <Douglass@ArterHadden.com>
	02/04/2001 01:22 PM

		 To: <Barbara_Klemstine@apsc.com>, <Bob_Anderson@apses.com>,
<Vicki_Sandler@apses.com>, <berry@apx.com>, <dcazalet@apx.com>,
<billr@calpine.com>, <jackp@calpine.com>, <glwaas@calpx.com>,
<Ken_Czarnecki@calpx.com>, <gavaughn@duke-energy.com>,
<rjhickok@duke-energy.com>, <gtbl@dynegy.com>, <jmpa@dynegy.com>,
<jdasovic@enron.com>, <susan_j_mara@enron.com>, <Tamara_Johnson@enron.com>,
<curt.Hatton@gen.pge.com>, <foothill@lmi.net>, <camiessn@newwestenergy.com>,
<jcgardin@newwestenergy.com>, <jsmollon@newwestenergy.com>,
<rsnichol@newwestenergy.com>, <Curtis_L_Kebler@reliantenergy.com>,
<rllamkin@seiworldwide.com>
		 cc:
		 Subject: Commentary From Tomorrow's Electricity Daily

Commentary: The Ongoing California Saga
In the continuing electrical soap opera in California, the role of villain
has been seized by the executive branch of the state government,
specifically, Gov. Gray Davis and his hand-picked head of the California
Public Utilities Commission, Loretta Lynch. Neither Davis nor Lynch are
contributing to solving the crisis, in either the short or the long run. They
are making things worse.
Their chief response to the electric catastrophe has been a search for
demons: the power generators and marketers, the federal government, the
utilities themselves, anybody but the politicians or the regulators. They
have mightily resisted measures that are clearly necessary to right the
sinking ship, including rate increases.
Columnist Dan Waters in the Sacramento Bee recently did a political scorecard
of California politicians. On Davis, he wrote, "A poll indicates that nearly
two-thirds of Californians believe the governor has performed poorly on the
crisis, and while some of the negative feeling may simply reflect their own
anxiety, much of it is well founded. Davis is essentially a passive, reactive
and self-protective politician, and his tendencies served him - and the store
- poorly when the crisis first arose last summer. Rather than recognize the
peril and spend some political capital, Davis played for time, hoping that
conditions would improve on their own and/or the federal government would
come to his rescue with price-cap orders and other actions. But he
miscalculated on both."
Of Lynch, Waters said, "Legislators from both parties are ready to lynch the
president of the state Public Utilities Commission for, they say,
consistently refusing to cooperate and feeding them blatantly false accounts.
Lynch, her critics say, appears to be more interested in protecting the PUC's
sorry reputation on utility regulation - its decrees caused many of the
problems - than in solving the crisis and may have misled Davis, who
appointed her. Southern California Edison took the extraordinary step of
issuing a highly detailed critique that stopped just short of accusing Lynch
of lying, and the legislature's chief auditor is ready to sue her to obtain
information on the PUC's role."
Both Davis and Lynch seem to have an information problem. I'm reminded of an
old Shoe cartoon by the late Jeff MacNelly, in which a heavy-set politician
stands at a podium in a news conference and makes the accusation, "You in the
media are playin' fast and loose with the facts." One of the stogie-smoking
hacks responds, "How's that? What did we do to the facts?" The politician
replies, "You printed the dang things!"
Davis demonstrated his rather loose, Clintonian, connection with the truth
late last month when he proudly announced that bids for long-term electricity
supply in response to the state's solicitation had come in an at "weighted
average" of $69/MWh. Some kind of weighting. The $69 price, it turns out,
didn't include high-priced bids for peaking power. Nor would the governor or
his lackeys tell us what the average was if the peak bids were included.
Lynch has been beating on, and berating, SCE and PG&E for their insistence
that they need financial relief and the ability to pass costs on to their
customers. The most outrageous act from Lynch was the 2-1decision by the CPUC
to issue restraining orders forbidding the two utilities from withdrawing
from their obligation to serve. She billed the move as a way to prevent
unilateral blackouts imposed by the utilities.
But both companies already had told the CPUC they had no intention of cutting
off service to customers. Calling the action "an abuse of power," SCE CEO
John Bryson said the order is "an insult to the ethic of the 13,000 employees
of SCE who have worked to keep the lights on for their customers. In fact,
SCE has borrowed billions of dollars, which threatens the company's solvency,
through 8
 months of inaction and delay by the CPUC, in order to continue to
serve its customers."
Commissioner Henry Duque, who voted against the measure, cleared exposed the
move as gratuitous utility-bashing. "The obligation to serve is already in
California law," he said. "I fear that the order would simply poison the
atmosphere between government and the utilities, thereby making
communications even more difficult in this time of crisis. In my view, it may
even make a bankruptcy filing more likely."


713 304 8716

"Brashear, Charlotte" <cbrashear@velaw.com> on 01/23/2001 11:03:41 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: I'm here!

   Why don't I call you after I ask Michael?  I don't know what he has
in mind for entertainment.  Also, what is your cell phone number in case I
can't reach you at work?

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, January 23, 2001 11:02 AM
To: cbrashear@velaw.com
Subject: I'm here!

My trip cancelled, so I'm around.  I can pick Michael up at your place if
this is easier for you.

Kay
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


Tana,

Attached please find customer list (sent by EBS) for bandwidth trading on
EOL. Please review it and send me your comments. We are planning on launching
the products on May 1st.  Also, I am attaching the GTC that Cynthia Harkness
from EBS put together.

Please let me know if you have any questions

Thank you!

Leonardo Pacheco
ext. 39938


Maria and Bill,

I have had sent to you copies of five recent Commission orders regarding negotiated rates and whether certain provisions are material deviations.  I have asked Dari to access our approach to service agreements in light of these recent orders.  I would like to meet and discuss these orders prior to us advising our client.  Please make sure you are familiar with orders.  Ann would you please arrange a meeting for Dari, Maria, and Bill to discuss (Late Wed. or Thursday morning would work for me).  Thanks.  Greg


Attached is the spreadsheet that I will use to track the charges to other business units for the development costs for setting up new products and countries.
If you have any questions call me at 3-6460
Regards
jr


Please find attached the management summary and Hot List for May 11, 2001.  You will be receiving these reports every Monday afternoon.

Thanks,
Misti Day


JM,

The message below is related to deal #138094.  According to Joan, October is
the last month for this deal.  However, the evergreen flag is activated in
Sitara and a new line has been created for November.  Can you look into this
please?

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 10/16/2000
03:36 PM ---------------------------

Carlos J Rodriguez
09/26/2000 08:27 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Swift - OCTOBER 2000 Vols

F Y I

---------------------- Forwarded by Carlos J Rodriguez/HOU/ECT on 09/26/2000
08:25 AM ---------------------------
From: Joan M Quick on 09/25/2000 06:01 PM
Sent by: Joan Quick
To: Carlos J Rodriguez/HOU/ECT@ECT, Susan D Trevino/HOU/ECT@ECT, Stella L
Morris/HOU/ECT@ECT
cc:
Subject: Swift - OCTOBER 2000 Vols

This is the last month we will be buying this gas!!!!

VPP 1,265 MMBtu/d
XS 3,700 MMBtu/d
 --------
 4,965 MMBtu/d


I spoke to Serge Martin, their outside counsel, and he said it's on his list,
but he hasn't been able to get to it.  Maybe in another month...


Kate, that would be me. I need to see if the New Counterparty is the State of
California Dept. of Water Resources or if the counterparty name in Enpower is
correct: California Dept. of Water Resources. If it is the second one then we
can choose the CP in Enpower. If it is the first one then we need to set them
up in Global. This is Kerri Thompsons broker. I am also copying her so she is
kept in the loop. Please let me know.

Thanks,

Kimberly

   Kate Symes                01/31/2001 08:14 PM

To: Kimberly Hundl/Corp/Enron@Enron, Kimberly Allen/HOU/ECT@ECT
cc:
Subject: 509637

In all the excitement of the day, I completely forgot to check on this deal.
I know I got a call from one of you guys about the "New Counterparty" Diana
Scholtes put in here; but I'm not sure now what I was supposed to check on.

Give me a call in the morning and let me know. Sorry!

Kate


Here are the two bills of sale for  the Intergen transaction.  The only
change to the form was the insertion of the date.  The CA II bill also
reflects the sale of the transformer.


This is a quick note to let the team know that I do have the credit worthiness requirements for PX (FERC Electric Service Tariff, Art. 2.4); a summary could be prepared if needed.   I trust that the Team would benefit from a legal opinion on Art. 2.4.5, and the associated schedule 2 of the tariff  related to "Changes in the Amount of Security Provided by a PX Participant"  which allows a refund of securities above the PX security Amount.  As Steve mentioned nicely below, if the security amount is zero, then perhaps there is an argument for a full refund.

On the same theme, I am investigating  the requirements for maintaining ESP (electricity service provider) in California.  One of the conditions is that the ESP is eligible as a participant in the CA ISO.  If the CA ISO also necessitates participant status in the PX for  some transactions, then there is a circular flow in the argument, and may be there is a need to maintain a form of relationship with the PX.

I shall keep you posted with progress.

Brgrds

AI

 -----Original Message-----
From: 	Alvarez, Ray
Sent:	Tuesday, November 27, 2001 1:45 PM
To:	Hall, Steve C. (Legal)
Cc:	Steffes, James D.; Nicolay, Christi L.; Sager, Elizabeth; Ibrahim, Amr
Subject:	CalPX Collateral Issue

Thanks Steve.  With your input, my take on Elizabeth's questions are:

1.	Must we renew the collateral?-  From a legal standpoint the answer is "No" for the reasons discussed below.  However, as we know, the PX will take a contrary position and has (along with other California parties) taken the position at FERC that the collateral should be withheld pending resolution of the CA refund case at FERC (to secure payment of refunds due).

2.	May we replace the letters of credit with cash / other collateral?-  The answer is "Yes" as you note below, with the caveat that the replacement collateral must be acceptable to the PX.  Obviously cash should be acceptable.  Perhaps a bond or negotiable instrument could be an option.

3.	What is the potential outcome if we do nothing (i.e. we don't re-up the letters of credit).  Our past experience in this regard has been that the PX will draw on the letter of credit prior to its expiration.

As for additional options, we could consider:

1. 	Further to Steve's option 1, we might try to enforce the return of the excess in court by submitting a Section 2.5 request to the PX and bringing the issue to a head.  Steve's original option is preferable, however, since it is through agreement with the PX.  Perhaps a compromise could be proposed for the PX to return our collateral over and above our highest potential refund liability to the PX in the CA refund case.

2.	Seeking injunctive relief in court to prevent the PX from drawing on the letter of credit.

Elizabeth, please advise if this answers your questions fully.

Thanks,  Ray

 -----Original Message-----
From: 	Hall, Steve C. (Legal)
Sent:	Tuesday, November 27, 2001 1:54 PM
To:	Alvarez, Ray
Subject:	RE:

I agree.

Schedule 2, section 2 says:  "Each PX Participant shall post collateral for 100 % of its requirements in excess of the unsecured line of credit in order to participate in the CTS and Core Markets"  [I would note that (1) our "requirements" are currently zero, and (2) we do not wish, nor is it possible to "participate" in the CTS and Core Markets.  Therefore, the PX has no basis under its Tariff to continue to hold our collateral.]

As you indicated below, Schedule 2, section 2.2 says:  "Each PX Participant shall maintain sufficient collateral to cover its aggregate outstanding liabilities in the Day-Ahead and Day-Of markets to and from the PX between cash clearing cycles or during the period in which the liabilities are incurred and when payment is billed and settled."

Options:

1.  If the PX will allow us to have access to our excess cash pursuant to Section 2.5 (requests submitted by COB Wednesday will be processed by Friday), then let them cash in the LC.

2.  Ask the PX if we can substitute "other liquid collateral acceptable to the PX. .  .in lieu of cash" (Schedule 2, section 2.1.3).  We should ask them what else would be acceptable (a lien on Jeff Skilling's house?).

 -----Original Message-----
From: 	Alvarez, Ray
Sent:	Tuesday, November 27, 2001 10:18 AM
To:	Hall, Steve C. (Legal)
Cc:	Steffes, James D.; Nicolay, Christi L.; Sager, Elizabeth
Subject:	RE:

Steve, I believe that schedule 2, section 2.2 of the CalPX tariff is the provision that requires market participants to maintain collateral, the purpose of which, however, is to provide security for liabilities incurred in the PX markets.  Since these markets are no longer in operation, there is no lawful reason to withhold the collateral, notwithstanding the assertions of CA parties that it should be used to guarantee payment of refunds ordered in the CA refund proceeding at FERC.  Ray

 -----Original Message-----
From: 	Alvarez, Ray
Sent:	Tuesday, November 27, 2001 12:26 PM
To:	Sager, Elizabeth
Cc:	Steffes, James D.; Nicolay, Christi L.; Hall, Steve C. (Legal)
Subject:

Elizabeth, per our conversation, I am obtaining and attaching various pleadings before FERC I've worked on seeking return of the collateral and the reasons why it should not be withheld by the PX.  It's my understanding that these might help- please let me know.  There are other related filings and I will forward them as soon as I locate.  In the meantime, I am working with Steve Hall to get an independent interpretation of the PX tariff so as to yield answers to our questions and our options.  Thanks,  Ray

 << File: #150515 v1 - CPS COMMENTS ON BIRCHMAN ORDER.doc >>  << File: Answer (chargeback) EL01-36.doc >>


We have received and executed Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   May 11, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   Small Ventures USA, LLC

Transactions Covered:  Approved for all products with the exception of: Pulp
& Paper
          Foreign Exchange

Confirming Entity:  Enron North America Corp.


---------------------- Forwarded by Errol McLaughlin/Corp/Enron on 07/05/2000
08:57 AM ---------------------------
From: Curtis Smith@ECT on 06/16/2000 04:59 PM
To: Errol McLaughlin/Corp/Enron@ENRON, David P Dupre/HOU/ECT@ECT, Larry Joe
Hunter/HOU/ECT@ECT, Matt A Brown/HOU/ECT@ECT
cc:

Subject: TAGG IQ reports menu.

---------------------- Forwarded by Curtis Smith/HOU/ECT on 06/16/2000 04:57
PM ---------------------------
From: Curtis Smith on 06/16/2000 04:54 PM
To: Curtis Smith, Jeremy Wong/HOU/ECT@ECT
cc:
Subject: TAGG IQ reports menu.

If you are having trouble with TAGG IQ reports do the following.

1. Click Start/Settings/Control Panel
  Double Click the ODBC icon.

2. Under the User DSN tab if there is an entry for TAGGReportt, select it and
then click the Remove button.

3. Click Add.  Double Click Oracle73.
 In the three boxes enter the three following values:

  TAGGReport
  Test
  tns:ermt_ded

 Click the OK.

4. Click the OK button again on the ODBC window.

That's it.  Rerun the report.


Please don't be insulted, but this will provide a useful tool internally.
Thanks again for a great job.

Best,
Jeff


Drew, here is the memo.  I know you will add your own spin before sending it
on to Cordes.  However, if there is anything you want me to fix, please do
not hesitate to call.


Sorry,I can't make it.

	Margaret Doucette@ENRON_DEVELOPMENT
	03/07/2001 03:55 PM

		 To: Harry M Collins@ECT, Peter del Vecchio@ECT, Dan Lyons@ECT, Lou
Stoler@ECT, Britt Davis/Enron@EnronXGate, Andrew Edison@Enron, Richard B
Sanders@ECT, Larry Lawyer/Enron@EnronXGate
		 cc:
		 Subject: Maritime Law Seminar

Please confirm to me if you can be in attendance for the Maritime Law Seminar
tomorrow.  Details are attached.
Since lunch is served I will need a head count and order accordingly.

Thank you

Margaret Doucette
x5-7892


for your reading pleasure.

tim
---------------------- Forwarded by Tim Belden/HOU/ECT on 04/16/2001 07:25 AM
---------------------------

Alan Comnes
04/13/2001 01:50 PM
To: gfergus@brobeck.com, Tim Belden/HOU/ECT@ECT, rcarroll@bracepatt.com, Ray
Alvarez/NA/Enron@ENRON, Susan J Mara/NA/Enron@ENRON
cc:
Subject: Fw: Fact sheet re: Cal ISO study

From the Bonneville Power Administration:
>
> > This fact sheet addresses statements in a recent L.A. Times article
> > asserting that BPA, among others, manipulated prices on the California
> > electricity market.
> >
> > AEs, CAEs and other BPA staff may distribute the fact sheet to outside
> > parties as you believe appropriate.
> >
> >                       <<CA_sales_TP3.doc>>
> >
> > For additional information, contact Steve Oliver at (503) 230-3295.
>

 - CA_sales_TP3.doc


Steve, Joe asked that I forward the two attached documents.  The first
presents TCA's analysis to date.  The second is a partially fleshy outline
that I prepared and into which I am translating the the TCA document.  Please
call if you have any questions or need anything else.

 - 0121458.01
 - 0121848.01


Buenos Dias (I'm practicing my Spanish because I'm going to Ecuador for New Year's Eve),

On an intra day basis I have 50,000 dth excess injection on the East Side (for the 20th).  Since it is getting a little cooler here I also have 20,000 dth available on the East Side for excess injection tomorrow, nothing on the West.

IT through Concord is available, 140,000dth.  50,000 at Niagara, the rest can flow through Pendleton.

No IAS payback or ISS space.

I will be off tomorrow.  Please call Greg Maliken if you have any questions about the long weekend 716-857-7634.

I can tell you now that Thursday and Friday are predicted to be warmer and our system load will be depressed due to the holiday.  Therefore, excess on system deliveries are not going to be large.  Please use the website.  There will be daily postings available.

Happy Turkey Eating!!

Abigail
716-857-6847
http://nfg.natfuel.com/gsweb1/market/DailyCapDesk/DlyCpDesk.htm


The attached press release was issued this morning over Business Wire at 9:00 AM ET.

 - Clinical Investigator Award Release.doc


got it!  Hope everything is going well.

Stacey

 -----Original Message-----
From: 	Kelly Rainey <krainey@galenaparkisd.com>@ENRON
Sent:	Friday, December 14, 2001 10:44 AM
To:	White, Stacey W.
Subject:	<no subject>

I have like 3 different e-mail addresses for you, so I'm checking to see
which one works.  Let me know if you get this.

Congrats again!

Kelly


Wed. the 1st of Nov. is good. Same time and place?

	"Nickolas Lorentzatos" <nlorentzatos@br-inc.com>
	10/23/2000 03:41 PM
	Please respond to nlorentzatos

		 To: <Richard.B.Sanders@enron.com>
		 cc:
		 Subject: lunch change

Richard,

I just found out I am going to be out of town Wed-Frid, so I won't be
available for lunch on Wed.  Can we reschedule for next Tues or Wed?

Sorry, but duty calls.

Thanks,

Niko

Nickolas J. Lorentzatos
Attorney - Litigation
Burlington Resources, Inc.
713-624-9326
713-624-9613 (fax)
nlorentzatos@br-inc.com


We have received a proposed assignment from PPL Corporation to PPL Energy
Plus, LLC wherein they would like to assign their financial transactions
(two), any guaranty relating thereto (do we have one covering financial?),
and any master agreement (we have no financial agreement with them).  Is this
OK with Credit?  I am having a copy of the assignment walked down to you.  If
someone else is going to approve this, let me know.


Randy, this is a short summary of the environmental findings that were
identified during the records review conducted at the Corpus Christi Koch
facility offices on May 1st and 2nd of this year.

All environmental records which were available in the file data room at the
Koch office  were reviewed.  Assumptions were made that the environmental
records were complete for all assets included in the sale.  Primary emphasis
was placed on those environmental issues which are normally associated with a
sale or purchase of assets dealing with distribution and transmission of
crude oil. In particular, pipeline and tank farms were the most critical
assets which were reviewed.

Based upon the data review, the Koch assets were in compliance with the
following:

  Air permitting, permit by rule, standard expemtions, recordkeeping and fee
payments were documented

  NSPS recordkeeping and inspections for VOC control on large crude oil tanks
were documented

  Oil Pollution Act-OPA 90 plans had been prepared and were up to date

  SARA compliance and reporting had been completed

  SPCC plans had been prepared for each site which qualified under 40 CFR 112

  Spill reporting history and notifications to the state agency were
available for review

   There are ongoing groundwater and soil remediation activities at one site
included in the asset for sale
     (permits for the remediation activity is in place)

  Hazardous waste notifications, annual reportings and fee payments were
documented

Based upon the above review, there were no issues which could be identified
which would be condsidered a major environmental limitation or would be a
considered a major environmental  liability.  This statement is again based
upon the assumption that all environmental information was present in the
data room for the assets in question.  It should also be stated that this
analysis of Koch's environmental compliance is based upon the fact that Koch
has not held back or provided false or misleading information or knowledge
during their presentation or informaiton contained in the facility files.

Pending further development and interest of this potential purchase, a
recommendation is made to conduct a phase I due diligence and site visit to
each location to verify findings from the records review.   Also, due to the
past history of Koch's operating practices, it is recommended that contract
conditions be implicitly stated that EOTT will not be held liable for
discoveries of past deficiencies or releases of contamination which have
occurred on any of the Koch assets purchased.


by the way, THANKS.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 11/13/2000 09:52 AM -----

	Teresa G Bushman
	11/10/2000 05:20 PM

		 To: Sara Shackleton/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT
		 cc:
		 Subject: Joshua Tree

The term sheet is attached.

Thanks.

Teresa

Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com

----- Forwarded by Teresa G Bushman/HOU/ECT on 11/10/2000 05:19 PM -----

	Nora Dobin@ENRON
	11/08/2000 04:38 PM

		 To: Teresa G Bushman/HOU/ECT@ECT
		 cc: Tim Proffitt/HOU/ECT@ECT, Brenda L Funk/HOU/ECT@ECT
		 Subject: Joshua Tree

Teresa, as I mentioned, attached is revised term sheet intended to reflect
latest commercial changes but subject to legal review.  Please particularly
consider (with commercial and operational teams as appropriate) Engineering
(eligibility) Criteria applicable to proposed VPPs, and proposed terms of
Balancing Agreement, Master Natural Gas Purchase and Sale Agreement, and
Master Crude Oil Purchase and Sale Agreement.  Of course, any other thoughts
you have are most welcome.

We are having an internal meeting (global finance, accounting and tax) to
discuss term sheet at 2:00 PM on Friday, 11/10/00 in EB 2868.

If you can meet with us on Friday or otherwise give us feedback by Friday
afternoon, it would help facilitate finalization of term sheet and movement
to drafting of definitive documents.

Thanks, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com

----- Forwarded by Nora Dobin/Corp/Enron on 11/08/2000 04:18 PM -----

	"Robin Miles" <rmiles@bracepatt.com>
	11/08/2000 02:53 PM

		 To: <james.r.allred@bankofamerica.com>, <richard.stein@bankofamerica.com>,
<stephanie.pendleton@bankofamerica.com>, <nora.dobin@enron.com>,
<tim.proffitt@enron.com>
		 cc:
		 Subject: B of A/Phoenix Term Sheet

Attached is a redline and clean version of the term sheet.  Please call me or
Jim Allred with any questions or comments.

Robin

Mr. Robin J. Miles
Bracewell & Patterson, L.L.P.
711 Louisiana St., Suite 2900
Houston, Texas  77002
Ph:  713-221-1319
Fax: 713-221-2120
E-mail: rmiles@bracepatt.com

 - Phoenix Term Sheet Company Redline.pdf
 - Phoenix Term Sheet.pdf


The following message is from Ray Bennett, Vice President, Human Resources:

The PEP Quick Reference Guide is attached for your reference.

The Human Resources Department will be conducting training classes on the
mid-year performance management process for those employees who were unable
to attend a floor meeting or would like more detailed information regarding
the PEP system.  Meetings will be held at the Doubletree Hotel in the Granger
A room at the following times:

Tuesday, May 16th, 2000  Wednesday, May 17th, 2000

9:00am - 10:00am   9:00am - 10:00am
2:00pm - 3:00pm   2:00pm - 3:00pm

If you have any questions or need assistance, please call the PEP Help Desk:

Houston: 713-853-4777, option 4
Europe:  44 207783-4040, option 4

or email your questions to: perfmgmt@enron.com

For further information, contact your HR representative.


What's the delivery point on those deals?

Stephanie Piwetz   01/11/2001 10:48 AM

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

Subject: Powerez Deal from 1/8/01

Kate,
Pwx called this mroning to verbal a deal that  was sleeved with EES.  I do
not see it in system, although I see the deal on EES spreadsheet that I
receive daily.
the deal is Enron Buys Pwx   Q4 2001 25mws   255.00  done direct  trade date
1/8/01  Matt Motley trader
then Enron Sell EES  Q4 2001  25mws   $255.05

Should this be in the system and if so do you have deal numbers on the
above.  I believe we sleeved the deal for EES and Pwx.
Contact at EES, Judy (backoffice 7138535490)  Jubran Whalen is EES trader.

Thanks


Steve,

EOL is going to tape Jeff giving this presentation on April 3rd.  It is going
to be posted on the web.

Ursula Brenner
ENRON CORP.
+1(713)345-3787

This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law.  If
you are not the intended recipient, you should delete this message and are
hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any action based on it, is strictly prohibited.

---------------------- Forwarded by Ursula Brenner/NA/Enron on 03/23/2001
05:23 PM ---------------------------

Katrina Burton
03/23/2001 04:22 PM
Sent by: Katrina Burton
To: Ursula Brenner/NA/Enron@Enron
cc:

Subject: Enron Overview


fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/14/2000 01:57
PM ---------------------------

Kay Mann
11/14/2000 12:18 PM
To: ppipitone@andrews-kurth.com, peterthompson@akllp.com
cc:

Subject: ABB/GE

Gentlemen,

Things are heating up, no pun intended. Therefore, it would be helpful if you
would prepare a closing list for the GE turbines moving out of WestLB.  I
know it is short, but I thrive on lists.

I cannot tell you how many calls I've swapped with ABB's rep about that
contract, without ever hooking up.  I see that we will be facing a fire drill
quickly in getting at least some of these transformers into the right
financing vehicle.  Therefore, please prepare a list of site specific issues
for that document as well.

Thanks,

Kay


Following up on my "To Do" from our conference call, the information below
may be useful as we attempt to justify capital / operational expenditures on
the TW system:

Objective:  Try and quantify in revenue terms the lost value of decreased
west throughput to TW

First a few assumptions:
Fuel prices used were: Permian = $4.785/MMBtu and San Juan = $4.14/MMBtu
Baseload volume flowing west was assumed to be 1,090,000 MMBtu/d
Fuel consumed = 2%
Revenue impact is based upon current contracts and assumes lost fuel and
commodity charges only.  TW continues to collect the reservation charges.

Result:
Based on current gas fuel prices, for every 1000 MMBtu/d delivery we lose on
the west end, this translates to approximately $150/day of lost revenue.  If
we assume the pressure drop at station 1 is preventing us from delivering
25,000 MMBtu/d into SoCal, then the lost revenue for TW would be $3,305 per
day or $1,206,000 per year.  To give you an idea of the significance of the
fuel value, of the $3,305 daily revenue, approximately $3,072 of it is fuel
related.

One More Thing:
We assume here that TW continues to collect the reservation charges.
However, on a long term basis, if the west condition continues, we run the
risk of losing the reservation as well.  Based on 25,000 MMBtu/d, this value
equals $2,500,000 per year.

Let me know if you have questions.  I can be reached at 713-853-5559

KH


Hi Steve -

Here's my contact info.  Can you send me your's.

I'm a bit skeptical of this whole exercise.  I'd like to hear more about
why you think any MOU process is preferable to bankruptcy?

J. Stuart Ryan
AES Pacific
Suite 3300
100 Pine Street
San Francisco, CA   94111

office:  415 395 7887
mobile:  415 608 0080


Done!
----- Forwarded by Tana Jones/HOU/ECT on 01/24/2001 04:21 PM -----

	Bob Shults
	01/24/2001 04:17 PM

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

your the best.  make sure mark knows that

From: Tana Jones on 01/24/2001 03:58 PM
To: Bob Shults/HOU/ECT@ECT
cc:
Subject: Re:

For you, anything!

	Bob Shults
	01/24/2001 04:00 PM

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

Tana, can you send a loi to GFI with terms identical to the Prebon LOI.  The
email should go to Tom Padrone at GFI.  His email is thomas.padrone@gfinet.com


----- Forwarded by Tana Jones/HOU/ECT on 03/21/2001 05:18 PM -----

	Walter Guidroz/ENRON@enronXgate
	03/21/2001 05:15 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global Contracts and Facilities@ENRON, Enron Europe Global
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom
Moran/ENRON@enronXgate, Claudia Clark/HOU/ECT@ECT, William S
Bradford/ENRON@enronXgate, Lisa Lees/HOU/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Amy Heffernan/Enron Communications@Enron Communications,
Molly LaFuze/Enron Communications@Enron Communications, Danny Clark/Enron
Communications@Enron Communications
		 cc:
		 Subject: EOL approvals, 03-21-01

Please see attached.


- CPUC01-#76371-v1-Revised_Reply_Brief__Due_today_7_31_.doc


I love you very much sweetie.

I'm sorry it's boring in there for you. I hope you can get out a little early today so you can get a little rest and get the things you want to do around the house done. It must be kind of sad to be there right now. How is the thing you were worried about Friday working out. Did you talk to Sean about it yet? I hope he feels the same way you do about it.

I love getting up with you too, scurrying around the house trying to get ready for work together and being late anyway, despite our hurry-up-ed-ness. :)

We are going got be very happy in our life together. It just feels so right.
I was looking at the pictures of our place with somebody just a few minutes ago. I'm very excited about us in our place. I can't wait to be with you in there, entertain people and have years of fun there.

You are the love of my life.
I LOVE YOU.
I'll see you soon baby.

CV.

P.S. 11 day to go. :)

 -----Original Message-----
From:   Semperger, Cara [<mailto:Cara.Semperger@ENRON.com>]
Sent:   Monday, February 04, 2002 7:29 AM
To:     craigv@cmicro.com
Subject:        Good Morning Sweetheart

Hi There,

I love you, I hope you have a good day.  Work is shaping up to be a real snooze-fest. There are only 9 of us on the entire trading floor right now. Normally there used to be about 65-70 of us!

Waking up with you is so nice, I am looking forward to many years of doing just that. I think we are going to settle in just fine together. I love you and enjoy being with you so much. You are the man I have waited all these years for. Thank you for being part of my life.

I will see you this evening, a little dinner, a little laundry action, maybe a little dominoes and sheet-she-me?  Woohoo!

I love you,

CF

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.

**********************************************************************


Please email us the proper forms and the Process Diagram for the payment requests.
Theresa Staab will be the point person for the Denver office and I will be her backup.

Mark Whitt 303-575-6473
Cell 	     303-807-3961

Theresa Staab 303-575-6485
Cell                 303-807-6131


The Proposed Budget was revised after the original email was sent.  Attached is the revised document.

-----Original Message-----
From: Knight, Laurie
Sent: Wednesday, August 01, 2001 10:19 AM
To: Shapiro, Richard; Dernehl, Ginger
Cc: Migden, Janine
Subject: MIDWEST BUDGET AND RELATED DOCUMENTS

Per your request, the following documents are attached:

2002 Proposed Budget Midwest Region
Midwest Plan
Deployment of Personnel

Thanks
Laurie


Les -
Here's the latest list of unit contingent deals in need of unit names. I've
tried referring to your unit name list and entering them myself, but it looks
like some delivery points correspond to more than one unit. I.E. Navajo can
originate from LV Cogen OR Saguaro Power. If you could add these unit names
into the deals, or let me know what they are so I can enter them, it would be
much appreciated.

Thanks,
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 05/01/2001 10:49 AM
---------------------------

Kimberly Hundl@ENRON
05/01/2001 07:19 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Unit Contingent Deals

Mornin' Sunshine!!!
I need unit names for all of the following deals please:
593484
593486
594911
594915
595073
597061
597063
597065
598151
598153

Thanks!
Kim


Susan --

Please put in an RCR to discuss ASAP (probably next week).

I think that the key issue involves the inclusion of financial transactions.  Need a solid message from industry that this is inappropriate - which EPSA members are filing this info?

Jim

 -----Original Message-----
From: 	Lindberg, Susan
Sent:	Friday, September 07, 2001 4:19 PM
To:	Sager, Elizabeth; Steffes, James D.; Robertson, Linda; Novosel, Sarah; Fulton, Donna
Cc:	Comnes, Alan; Alvarez, Ray; Murphy, Harlan; Nicolay, Christi L.
Subject:	EPSA conference call re. Reporting Requirements NOPR

Today's EPSA conference call was well-attended and the participants seemed to agree that the status quo (i.e., making relatively limited paper filings of transactional information) is much preferable to the more extensive electronic posting that FERC is proposing.  Admittedly, though, some of what FERC is proposing seems to be justified -- for example, the FPA requires every public utility to show rates and charges in the form prescribed by the Commission, which gives the Commission a lot of latitude.

The basic conclusion was that EPSA's filing should make the point that FERC should be able to find a way to meet its Section 205-c obligations in a way that is not potentially commercially damaging to market participants.  Also, FERC may be overreaching in requesting data that does not pertain to physical transactions.  Additionally, there was some discussion of requesting confidential treatment of the information to be posted.  EPSA will draft comments with the assistance of outside counsel, Dickstein Shapiro.  A draft will be circulated and if any of you are not on the EPSA distribution list I will make sure you get a copy.

Elizabeth and others, we have already discussed the importance of Enron weighing in separately in this proceeding.  Since comments are due October 5, I believe at this point it would be prudent to call our outside counsel so that we can begin the drafting process.

SSL


We'll be marketing power from their Kenansville plant on a unit contingent basis.  Together, we will establish a bogie price (their marginal cost of generation), and any value we can get them above this bogie price will earn us 25% of the extra upside we manage to get them.  They have a right to terminate with a 30-day notice and/or sell their power to other third parties at anytime.

- R

 -----Original Message-----
From: 	Mann, Kay
Sent:	Monday, November 12, 2001 4:59 PM
To:	Jafry, Rahil
Subject:	Cogentrix

Getting warmer.  Could you send me an email with a brief description of how you see us marketing their energy.


Sometime after 4:30 today or anyday this week.


This email is in response to today's call to the Enron
Resolution Center ( ECT helpdesk)

Before I have you added to the two necessary VPN groups
to use with the IPASS, I am going to check with Joe Steele
and Executive Support.

There is a helpdesk case #145973 associated with this,
and please feel free to call me with any questions.

Greg McIntyre
Remote Support 11am-8pm
713-853-6774


I have all the info you are looking for at my desk.  I am located at 3248c.
Give me a call if you have any questions.

Thanks,

Errol McLaughlin


FYI.  Just got a call from someone inside McKenzie & Co..  Seems the good
Governor has figured out that the gas industry is a problem and want to talk
to me about it.  I'm scheduled to talk to them by phone Friday at 1:30.  I
called Kari Dohn to try to find out more.  She told me that they've figured
out that the gas industry is a mess, that "McKenzie gets it," and she asked
to tell it like it is.  Seems useful to get our view across to them.  The
name of the person from McKenzie that will be on the call with the Davis
folks on Friday is Daniel Poller.  Thoughts?

Best,
Jeff


Attached please find a sheet of pro and con statements.

 <<Statements.doc>>

 - Statements.doc


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****************************************

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$119 - Lansing, MI
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$119 - Washington, DC (Dulles Airport only)

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Are you thinking about how you are going to plan you next vacation?  Let
Continental Airlines Vacations take the hassle out of vacation planning with
easy-to-plan travel packages that provide exciting destinations plus
memories that will last a lifetime!

Check out
http://airmail.continental.com/cgi-bin5/flo?y=eCws0BevJT0Ow0DoAK
to see our newest addition: INTERNET ONLY SPECIALS!

********************************
4.  CO.O.L. TRAVEL SPECIALS FROM ALAMO RENT A CAR

This week, Alamo (R) offers great rates in the following cities. Rates
listed below are valid on compact class vehicles at airport locations
listed.  Other car types may be available. Rates are valid from Saturday,
January 12 to Tuesday, January 16, 2001.
-------------------------------
$26 a day in:  Newark, NJ (EWR)
$26 a day in:  Boston, MA (BOS)
$18 a day in:  Buffalo, NY (BUF)
$20 a day in:  Cleveland, OH (CLE)
$26 a day in:  Colorado Springs, CO (COS)
$18 a day in:  Washington, DC/National airport only (DCA)
$18 a day in:  Greensboro, NC (GSO)
$18 a day in:  Washington, DC/Dulles airport only (IAD)
$18 a day in:  Houston, TX (IAH)
$26 a day in:  Jacksonville, FL (JAX)
$20 a day in:  Los Angeles, CA (LAX)
$18 a day in:  Kansas City, MO (MCI)
$18 a day in:  Milwaukee, WI (MKE)
$26 a day in:  Providence, RI (PVD)
$18 a day in:  Raleigh Durham, NC (RDU)
$20 a day in:  San Jose, CA (SJC)

To receive special Continental CO.O.L. discounted rates, simply make advance
reservations and be sure to request ID # 596871 and Rate Code 33. Book your
reservation online at:
http://airmail.continental.com/cgi-bin5/flo?y=eCws0BevJT0Ow0EoVg or contact
Alamo at 1-800 GO ALAMO.

*If you are traveling to a city or a different date that is not listed,
Alamo offers you up to 20% off their retail rates when you book online at:
http://airmail.continental.com/cgi-bin5/flo?y=eCws0BevJT0Ow0EoWh

For complete details on these offers, please refer to Alamo's terms and
conditions below.

****************************************
5.  CO.O.L. TRAVEL SPECIALS FROM NATIONAL CAR RENTAL
This week, National (R) offers great rates in the following cities. Rates
listed below are valid on compact class vehicles at airport locations
listed. Other car types may be available. Rates are valid from Saturday,
January 12 to Tuesday, January 16, 2001.
------------------------------------------
$27 a day in:  Newark, NJ (EWR)
$27 a day in:  Boston, MA (BOS)
$19 a day in:  Buffalo, NY (BUF)
$21 a day in:  Cleveland, OH (CLE)
$19 a day in:  Dayton, OH (DAY)
$19 a day in:  Washington, DC/National airport only (DCA)
$19 a day in:  Greensboro, NC (GSO)
$19 a day in:  Washington, DC/Dulles airport only (IAD)
$19 a day in:  Houston, TX (IAH)
$27 a day in:  Jacksonville, FL (JAX)
$21 a day in:  Los Angeles, CA (LAX)
$27 a day in:  Lafayette, LA (LFT)
$45 a day in:  New York/LaGuardia only(LGA)
$21 a day in:  Midland/Odessa, TX (MAF)
$19 a day in:  Kansas City, MO (MCI)
$27 a day in:  McAllen/Rio Grand Valley, TX (MFE)
$19 a day in:  Norfolk, VA (ORF)
$19 a day in:  Raleigh Durham, NC (RDU)
$21 a day in:  Richmond, VA (RIC)
$19 a day in:  Rochester, NY (ROC)
$21 a day in:  San Jose, CA (SJC)

To receive your special Continental Airlines CO.O.L. Travel Specials
discounted rates, simply make your reservation in advance and be sure to
request Product Code COOLUS.  Make your reservation online or contact
National at 1-800-CAR-RENT (1-800-227-7368).  Book your reservation online
at:
http://airmail.continental.com/cgi-bin5/flo?y=eCws0BevJT0Ow0D7m7

* If you are traveling to a city or a different date that is not listed,
National offers you up to 20% off their retail rates when you book online at:
http://airmail.continental.com/cgi-bin5/flo?y=eCws0BevJT0Ow0DwDV

For complete details on these offers, please refer to National's terms and
conditions below.

****************************************
6.  CO.O.L. TRAVEL SPECIALS LAST-MINUTE WEEKEND
RATES FROM WESTIN, SHERATON, FOUR POINTS, ST. REGIS,
THE LUXURY COLLECTION, AND W HOTELS

Here is a sample of this weekend,s participating hotels that match
Continental,s flight destinations.  Visit our website for a complete
listing of participating hotels:

--------------------------------------
Boston, MA - The Westin Waltham - $89.00
Boston, MA - Sheraton Braintree Hotel - $90.00
Boston, MA - Sheraton Newton Hotel - $90.00
Boston, MA - Sheraton Ferncroft Resort - $79.00
Boston, MA - Sheraton Nashua Hotel - $75.00
Boston, MA - Sheraton Colonial Hotel and Golf Club Boston - $79.00
Boston, MA - Sheraton Lexington Inn - $64.00

Buffalo, NY - Four Points by Sheraton Dunkirk - $51.00
Buffalo, NY - Four Points by Sheraton Niagara Falls - by the Falls - $199.00
Buffalo, NY - Four Points by Sheraton Niagara Falls - $70.85

Cleveland, OH - Sheraton Cleveland City Centre Hotel - $88.00
Cleveland, OH - Four Points by Sheraton Akron West  - $59.00

Colorado Springs, CO - Sheraton Colorado Springs Hotel - $82.00
Colorado Springs, CO - Four Points by Sheraton Denver West - $51.00

Houston, TX - The Westin Oaks - $71.00
Houston, TX - The Westin Galleria Houston - $64.00
Houston, TX - The St. Regis, Houston - $95.00

Kansas City, MO - Sheraton Suites Country Club Plaza - $77.00
Kansas City, MO - Four Points by Sheraton Kansas City Country Club Plaza -
$71.00

Los Angeles, CA - Westin Los Angeles Airport - $77.00
Los Angeles, CA - Sheraton Gateway Hotel Los Angeles International Airport -
$62.00
Los Angeles, CA - Four Points by Sheraton Los Angeles International Airport -
$57.00
Los Angeles, CA - Four Points by Sheraton Monrovia - $65.00

New York, NY - Essex House, a Westin Hotel - $227.00
New York, NY - Sheraton Russell Hotel  - $168.00
New York, NY - The St. Regis Club at the Essex House - $323.00
New York, NY - W New York- The Court - $213.00

Norfolk, VA - Sheraton Norfolk Waterside Hotel - $81.00
Norfolk, VA - Four Points by Sheraton Williamsburg Historic District - $64.34

Oklahoma City, OK - Sheraton Tulsa Hotel - $56.00

Richmond, VA - Four Points by Sheraton Williamsburg Historic District - $64.34

Rochester, NY - Four Points by Sheraton Niagara Falls - by the Falls - $199.00

San Jose, CA - Westin St. Francis - $209.00
San Jose, CA - Four Points by Sheraton Pleasanton - $58.00

Washington, DC - Sheraton Suites Alexandria - $79.00
Washington, DC - Sheraton Columbia Hotel - $71.00
Washington, DC - Sheraton Premier at Tyson,s Corner - $64.00
Washington, DC - The St. Regis, Washington DC - $205.00

Visit our site for booking these Last-Minute Weekend Rates
http://airmail.continental.com/cgi-bin5/flo?y=eCws0BevJT0Ow0D7n8

For complete details on these offers, please refer to the terms and
conditions below.

****************************************
7.  CO.O.L. TRAVEL SPECIALS ON HILTON HOTELS AND RESORTS

The following rates are available January 13-15, 2001 and are priced per
night.
--------------------------------------
Airport:  Boston, Massachusetts (BOS)
Rate:     $135    Hilton Boston Back Bay, Boston  MA    (In Back Bay
near museums, theatres, & shopping.  Walk the Freedom Trail!)

Airport:  Boston, Massachusetts (BOS)
Rate:     $99    Hilton Boston Logan Airport, Boston  MA    (Located at
the airport and only two(2) miles from downtown via Ted Williams Tunnel.
Offers weekend shuttle service to downtown.)

Airport:  Boston, Massachusetts (BOS)
Rate:     $109    Doubletree Guest Suites Boston, Boston  MA
(Ideally located on the scenic Charles River, the Doubletree Guest Suites
Boston/Cambridge is Boston's only full service luxury all suite hotel.)

Airport:  Boston, Massachusetts (BOS)
Rate:     $209    University Park Hotel at MIT-Cambridge, Cambridge  MA
(Doubletree Guest Suites-Waltham, which is situated in the heart of
Massachusetts' high-technology corridor, is ideal for business and leisure
travelers alike.)

Airport:  Boston, Massachusetts (BOS)
Rate:     $109 1/13-14, Doubletree Hotel Lowell, Lowell  MA
(Overlooking Lowell's historic canals, just a short drive to museums, outlet
malls, and much more.)

Airport:  Boston, Massachusetts (BOS)
Rate:     $109    Doubletree Hotel Boston-Downtown, Boston  MA
(Downtown Boston features Boston's newest Full Service Hotel.)

Airport:  Boston, Massachusetts (BOS)
Rate:     $109    Doubletree Guest Suites Boston/Waltham, Waltham  MA
(This hotels' unique location puts you close to historic Lexington and
Concord.)

Airport:  Cleveland, Ohio (CLE)
Rate:     $59    Hilton Garden Inn Cleveland Airport, Cleveland  OH
(Just two miles from Cleveland Airport, and only 12 miles from downtown.)

Airport:  Cleveland, Ohio (CLE)
Rate:     $69    Hilton Cleveland South, Cleveland  OH    (Located 8
miles from the Rock-n-Roll Hall of Fame and downtown Cleveland.)

Airport:  Dayton, Ohio (DAY)
Rate:     $59    Doubletree Guest Suites Dayton/Miamisburg, Miamisburg
OH    (Centrally located within minutes of downtown and numerous corporate
headquarters and adjacent to the 160-store Dayton Mall.)

Airport:  Washington, DC (DCA/IAD)
Rate:     $89    Hilton McLean Tysons Corner, McLean  VA
(Free shuttle to the Metro and famous Tyson's I and II shopping.)

Airport:  Washington, DC (DCA/IAD)
Rate:     $179,  1/13-14   Hilton Washington, Washington  DC    (Hotel
is located near the Metro, central to all area attractions.)

Airport:  Washington, DC (DCA/IAD)
Rate:     $94    Hilton Springfield, Springfield  VA    (Across from
Springfield Mall; free shuttle to metro; 15 min to DC area.)

Airport:  Washington, DC (DCA/IAD)
Rate:     $79    Hilton Crystal City @ National Airport, Arlington  VA
(Free airport shuttle, located five minutes from the sights of DC.)

Airport:  Washington, DC (DCA/IAD)
Rate:     $89    Hilton Alexandria Mark Center, Alexandria  VA
(Located in the West End of historic Alexandria, Virginia.)

Airport:  Newark, New Jersey (EWR)
Rate:     $199    Hilton Newark Airport, Elizabeth  NJ    (Free airport
shuttle, 5 minutes from New Jersey Performing Arts Center.)

Airport:  Newark, New Jersey (EWR)
Rate:     $2, $149, 1/13-15, Doubletree Hotel & Executive Meeting Center
Somerset  NJ    (Centrally located in New Jersey in one of America's
most dynamic corporate communities.)

Airport:  Newark, New Jersey (EWR)
Rate:     $169    Doubletree Club Suites Jersey City, Jersey City  NJ
(The Doubletree Club Suites Jersey City features a fitness room, and
complimentary shuttle to local businesses.)

Airport:  Newark, NJ & New York,s LaGuardia (EWR/LGA)
Rate:     $129    Hilton Hasbrouck Heights, Hasbrouck Heights  NJ
(Located just 4 miles from the Meadowlands Sports Complex and 9 miles from
New York City!)

Airport:  Newark, NJ & New York,s LaGuardia (EWR/LGA)
Rate:     $79    Hilton Parsippany, Parsippany  NJ    (Only 3 miles from
downtown Morristown & 25 miles from New York City.)

Airport:  Newark, NJ & New York,s LaGuardia (EWR/LGA)
Rate:     $109    Hilton Fort Lee George Washington Bridge, Fort Lee  NJ
(10 miles from Manhattan's Broadway Theaters & Empire State Building.)

Airport:  Newark, NJ & New York,s LaGuardia (EWR/LGA)
Rate:     $299    Hilton Short Hills, Short Hills  NJ    (Deluxe
accommodations in New Jersey's only 5 diamond luxury hotel.)

Airport:  Newark, NJ & New York,s LaGuardia (EWR/LGA)
Rate:     $135    Millennium Hilton Next to the World Trade Center, New
York  NY    (Downtown Manhattan, near Statue of Liberty, China Town, & Ellis
Island.)

Airport:  Newark, NJ & New York,s LaGuardia (EWR/LGA)
Rate:     $189    Hilton East Brunswick, East Brunswick  NJ    (In
central New Jersey (40 min from NYC) Princeton & Rutgers Universities.)

Airport:  Intercontinental Airport Houston, Texas (IAH)
Rate:     $88    Hilton Houston Hobby Airport, Houston  TX    (Across
from Hobby Airport (free shuttle) - near Astroworld, NASA and racetracks.)

|Airport: Intercontinental Airport Houston, Texas (IAH)
Rate:     $99    Hilton Houston Southwest, Houston  TX    (Only 9 miles
from downtown Houston, Free shuttle to the Galleria Mall.)

|Airport: Intercontinental Airport Houston, Texas (IAH)
Rate:     $155    Hilton Houston Plaza, Houston  TX    (Located in
fashionable West University near Houston's cultural district.)

Airport:  Intercontinental Airport Houston, Texas (IAH)
Rate:     $165    Doubletree Hotel Houston-Post Oak, Houston  TX
(Located in the heart of Uptown Houston Business district and 2 blocks from
the Galleria Mall.)

Airport:  Los Angeles, California (LAX)
Rate:     $99    Hilton Port of Los Angeles/San Pedro, San Pedro  CA
(Minutes away from the Queen Mary, shopping and walking distance to beach.)

Airport: Los Angeles, California (LAX)
Rate:     $84, 1/13-14,  Hilton Woodland Hills & Towers, Woodland Hills
CA    (Located 25 miles west of downtown LA, driving distance to Universal
Studios.)

Airport: Los Angeles, California (LAX)
Rate:     $99, 1/13-14,  Hilton Irvine/Orange County Airport, Irvine  CA
(Located 30 miles from LAX on the border of Irvine & Newport Beach.)

Airport:  Los Angeles, California (LAX)
Rate:     $105    Hilton Los Angeles Airport, Los Angeles  CA    (Near
Disneyland, Beverly Hills, Hollywood and Southern CA beaches.)

Airport:  Los Angeles, California (LAX)
Rate:     $99    Hilton Suites Anaheim/Orange, Orange  CA    (An all
suite hotel offering cooked to order breakfast and evening beverage
reception!)

|Airport: Los Angeles, California (LAX)
Rate:     $179    Hilton Pasadena, Pasadena  CA    (This hotel offers
views of beautiful San Gabriel Mountains, within eight miles from Old Town
Pasadena.)

Airport:  Los Angeles, California (LAX)
Rate:     $119    Hilton Burbank Airport & Convention Center, Burbank
CA    (Free shuttle to Universal Studios Hollywood & Media City Center Mall.)

Airport:  Los Angeles, California (LAX)
Rate:     $169    Hilton Glendale, Glendale  CA    (Situated just
walking distance from downtown Glendale and all major businesses in the
area.)

Airport:  Los Angeles, California (LAX)
Rate:     $78    Doubletree Hotel Anaheim/Orange County, Orange  CA
(Close to Southern California's major metro areas, business center, and
world famous tourist attractions.)

Airport: Los Angeles, California (LAX)
Rate:     $149    Doubletree Hotel Pasadena-Plaza Las Fuentes, Pasadena
CA    (Only 6 miles to the LA Arboretum, 5 miles to the LA Zoo and easy
access to NBC and Univeral Studios!)

Airport: Kansas City, Missouri (MCI)
Rate:     $119    Hilton Kansas City Airport, Kansas City  MO
(Located 20 minutes from riverboat casinos and Downtown Kansas City.)

Airport: Oklahoma City, Oklahoma (OKC)
Rate:     $89    Hilton Oklahoma City Northwest, Oklahoma City  OK
(Located in the hub of Oklahoma City's growing northwest business district.)

Airport:  Norfolk, Virginia (ORF)
Rate:     $59, 1/13-14,   Hilton Norfolk Airport, Norfolk  VA    (Near
historic Williamsburg, beautiful beaches, & world's largest naval base.)

Airport: Richmond, Virginia (RIC)
Rate:     $89, 1/13-14,  Hilton Richmond Airport, Sandston  VA    (Near
Busch Gardens, Aviation Museum and the Museum of the Confederacy.  Colonial
Williamsburg is 40 minutes away)

Airport:  San Jose, California (SJC)
Rate:     $84, 1/13-14,  Hilton Garden Inn San Mateo, San Mateo  CA
(Located in the center of the San Francisco Bay Peninsula in San Mateo
County at Bridgepoint Center)

Airport:  San Jose, California (SJC)
Rate:     $249    Hilton Garden Inn Mountain View, Mountain View  CA
(In the midst of Silicon Valley, NASA Ames Research Center, the U.S. Space
Camp & Stanford University are within 15 mins.)

Airport: San Jose, California (SJC)
Rate:     $89    Hilton Monterey, Monterey  CA    (Located downtown, 1
mile to the beach, 2 miles from Cannery Row)

To book this week's special rates for Hilton Family Hotels, visit and book at
http://airmail.continental.com/cgi-bin5/flo?y=eCws0BevJT0Ow0B3zF

Special rates apply only for the dates listed at each hotel and are subject to
availability.  Check hilton.com for specific dates at each Hilton Family
Hotel.

Or call at 1-800-774-1500 and ask for Value Rates. Restrictions apply to these
rates.

****************************************
CO.O.L. TRAVEL SPECIALS RULES:
Fares include a $37.20 fuel surcharge.  Passenger Facility Charges, up
to $12 depending on routing, are not included. Up to Three dollars per
segment federal excise tax, as applicable, is not included.  Applicable
International and or Canadian taxes and fees up to $88, varying by
destination, are not included and may vary slightly depending on currency
exchange rate at the time of purchase.
For a complete listing of rules please visit:
http://airmail.continental.com/cgi-bin5/flo?y=eCws0BevJT0Ow0Ebnr

ALAMO RENT A CAR'S TERMS AND CONDITIONS:
Taxes (including VLF taxes up to US$1.89 per day in California and GST),
other governmentally-authorized or imposed surcharges, license recoupment
fees, fuel, additional driver fee, drop charges and optional items (such as
CDW Waiver Savers(R) up to US$18.99 a day,) are extra. Renter must meet
standard age, driver and credit requirements. Rates higher for drivers under
age 25. Concession recoupment fees may add up to 14% to the rental rate at
some on-airport locations. Up to 10.75% may be added to the rental rate if
you rent at an off-airport location and exit on our shuttle bus. Weekly
rates require a 5-day minimum rental or daily rates apply. For weekend
rates, the vehicle must be picked up after 9 a.m. on Thursday and returned
before midnight on Monday or higher daily rates apply. 24-hour advance
reservation required. May not be combined with other discounts. Availability
is limited. All vehicles must be returned to the country of origin. Offer
not valid in San Jose, CA.

NATIONAL CAR RENTAL TERMS AND CONDITIONS:
Customer must provide Contract ID# at the time of reservation to be eligible
for discounts. Offer valid at participating National locations in the US and
Canada. Minimum rental age is 25. This offer is not valid with any other
special discount or promotion. Standard rental qualifications apply. Subject
to availability and blackout dates. Advance reservations required.
Geographic driving restrictions may apply.

TERMS AND CONDITIONS FOR WESTIN, SHERATON, FOUR POINTS,
ST. REGIS, THE LUXURY COLLECTION, AND W HOTELS:
Offer is subject to availability. Advance Reservations required and is based
on
single/double occupancy. Offer not applicable to group travel. Additional
Service charge and tax may apply. The discount is reflected in the rate
quoted.
Offer valid at participating hotel only. Offer valid for stays on Fri - Mon
with
a Friday or Saturday night arrival required. Rate available for this coming
weekend only (01/05/2001 to 01/08/2001.) Offer available only by making
reservations via the internet. A limited number of rooms may be available at
these rates.
http://airmail.continental.com/cgi-bin5/flo?y=eCws0BevJT0Ow0FG2R

---------------------------------------
This E-mail message and its contents are copyrighted and are proprietary
products of Continental Airlines, Inc.  Any unauthorized use, reproduction,
or transfer of the message or its content, in any medium, is strictly
prohibited.

****************************************
UNFORTUNATELY MAIL SENT TO THIS ADDRESS CANNOT BE ANSWERED.
PLEASE SEND ALL INQUIRIES TO:
mailto:eservice@coair.com

TO UNSUBSCRIBE:
We hope you will find CO.O.L. Travel Specials a valuable source of
information. However, if you prefer not to take advantage of this
opportunity, please let us know by visiting the CO.O.L. Travel Specials page
on our web site at:
http://airmail.continental.com/cgi-bin5/flo?y=eCws0BevJT0Ow0BtI

TO SUBSCRIBE:
Please visit the CO.O.L. Travel Specials page on our web site at:
http://airmail.continental.com/cgi-bin5/flo?y=eCws0BevJT0Ow0Cc1


-----Original Message-----
From: 	Hudler, Shirley A.
Sent:	Thursday, August 02, 2001 11:35 AM
To:	Sanders, Richard B.
Subject:	CalPERS

Ken Lay and Andy Fastow are meeting with Willie Brown and another rep from his office and the CIO and CEO of CalPERS on Monday August 6th at 1 pm in New York.


I am in Florida - I think I am available the night of the 24th for the
baseball game.

Kay please follow up - I would like to make the game.

regards
Delainey


All of the leads are in a PRC meeting today...do you think that means we
don't need to do our accomplishments?


OK buddy, here you go.  Let's discuss first thing, before the day gets nuts.

Best,
Jeff


fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/05/2000 08:54
AM ---------------------------

david.davis@ss.ps.ge.com on 06/02/2000 05:27:37 PM
To: kathleen.clark@enron.com
cc: Mike.Coleman@enron.com, Kay.Mann@enron.com, Brian.Hulse@enron.com,
Ben.F.Jacoby@enron.com, lee.johnson@ss.ps.ge.com, james.bonnett@ss.ps.ge.com,
pault.armstrong@ss.ps.ge.com

Subject: RE: Dual Fuel Option Availability for Enron

 - Enron004.pdf


Power Authority of the State of New York


fax  for car loan 713 345 3555

My contact is Ms. Sammy Marroquin.   Borrower is cynthia kay mann.


----- Forwarded by Tana Jones/HOU/ECT on 09/13/2000 10:58 AM -----

	Stephanie Sever
	09/12/2000 11:22 AM

		 To: Tom Moran/HOU/ECT@ECT, Veronica Gonzalez/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT
		 cc: Nicole La/HOU/ECT@ECT, Larry Valderrama/HOU/ECT@ECT
		 Subject: Financal Power Review

Per request from the East power group - please review the following
counterparties for transaction capabilities for East Power Financial Products
on EOL.

Cinergy Services, Inc.
Northern Indiana Public Service Co.
Coral Power LLC
Aquila Energy Marketing Corporation
PG&E Energy Trading - Power, L.P.
Wabash Valley Power Association, Inc.
Commonwealth Edison Company
Constellation Power Source Inc.
Entergy Power Marketing Corp.
Amoco Energy Trading Corp

Please let me know if these counterparties can have access to transact on
financial power products.

Thanks for your help.
Stephanie x33465


Gentlemen,

Thank you for the letter memorializing my nomination for the 2000 Chairman's
Award.  It is a privilege to be a part of the Enron organization.  I have
received many promotions, cash bonuses and commendations during my career but
I consider the recognition as a nominee for the 2000 Chairman's Award to be
the most significant acknowledgment of my performance ever received.  My
compliments to you for making Enron one of the most successful and excellent
companies on the globe.  I only wish that I could contribute more to Enron's
growth and continued success.

Sincerely,

RW Blakemore
Enron Wind Energy Systems Corp.
Center For Advanced Technology


Douglas,

If you have any questions, please call me at ext. 54858.

Thanks,

"Z"


Jerry:

Stan is in California at the KEYEX meeting today and tomorrow.    What do you
suggest?

Cindy

From: Jerry Peters/ENRON@enronXgate on 04/12/2001 11:39 AM
To: Stanley Horton/Corp/Enron@Enron, Ben Glisan/HOU/ECT@ECT, Kelly H
Boots/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON
cc: Rod Hayslett/ENRON@enronXgate, Bill Cordes/ENRON@enronXgate

Subject: NBP Underwriting Group

Attached is a short memo on our selection rationale for the underwriting
group for a planned (mid-May) equity offering of about $130 - $150 million
for Northern Border Partners.  Some of these firms may be contacting you, so
this should be helpful in fielding those calls.  With this group we are
attempting to balance our placement into firms that have substantial NBP
holdings (UBS Warburg, AGE) and diversify and expand holdings in other major
systems (SSB, Banc of America, First Union).  Please note that for the firms
not selected, i.e. Lehman, Goldman and Merrill, part of our rationale was to
hold these systems for a potential offering later in 2001 that could be
accomplished on a sole-managed basis for up to about $50 million.

Kelly:  As Ben requested, the underwriting fees are expected to be about
4.25% and the breakdown by firm will be provided when we have determined the
allocations.

Let me know ASAP if you have any questions or concerns as we will begin
discussions with these firms tomorrow.

 -----Original Message-----
From:  Jesse, John
Sent: Thursday, April 12, 2001 8:03 AM
To: Peters, Jerry
Subject: NBP Underwriting Group
Importance: High

The following provides the rationale supporting the recommended underwriter
group for Northern Border Partner,s upcoming equity offering.  Please note
that underlying the entire selection process is the fact that MLP units are a
specialized product sold to a more limited group of investors vis-.-vis
common stock.  Thus, sheer underwriting bulk or equity league table position
of a given firm does not necessarily indicate the expected performance of
such firm in an NBP offering.

Lead Manager - Salomon Smith Barney
SSB controls an impressive retail distribution system that has a strong
appetite of MLP offerings.  The visibility of NBP within their system has
increased recently as their MLP analyst has raised his rating on NBP to
"Outperform".  SSB has served as a co-manager in past NBP offerings and has
performed well.  Furthermore, due to their comparatively small allocations in
these deals as a co-manager, we are confident that their system has
significant untapped demand for NBP units.

Joint Lead Manager - UBS Warburg (f/k/a PaineWebber)
UBS has served a lead manager for the last two NBP offerings that were
conducted via the rapid placement (limited marketing) process, so they are
very familiar with NBP and provide very good analyst coverage.  While we are
still confident that UBS will perform well and place a large number of units,
their allocations as lead manager in our past deals probably soaked up a
great deal of demand for NBP units within their system.  Therefore, rather
than placing UBS in a situation where they would have to stretch to put away
a lead manager allocation, it was deemed prudent to slot them in the joint
lead role.

Co-Managers
Dain Rauscher and A.G. Edwards
Both firms have a strong mid-market presence and have demonstrated their
ability to place a significant number of NBP units in past offerings.  These
firms have not participated in an NBP deal since 1997, so this offering
should generate strong demand.  Also, Dain Rauscher was recently acquired by
Royal Bank of Canada, which provides commercial bank lending to NBP and NBPL,
so NBP will be able to leverage DR,s participation in future debt
transactions.

Bank of America and First Union
Bank of America has been a significant provider of commercial banking
services to NBP and NBPL over many years, while First Union recently became
an NBP lender in the March 2001 transaction.  Both have retail distribution
systems available which currently hold a limited number of NBP units.  Both
have participated in past MLP offerings, with Bank of America serving as a
joint lead for highly successful Williams MLP IPO.

Other institutions considered but not selected
Goldman Sachs & Lehman Brothers - Both firms support the MLP product
reasonably well and have demonstrated adequate coverage of NBP.  Their
systems are geared towards institutional sales and high net-worth clients, so
their breadth of distribution for MLP units is more limited as compared to
SSB or UBS.

Merrill Lynch - Historically, this firm has not supported the MLP product
despite its natural appeal to Merrill,s average customer.  Admittedly, their
new analyst has taken a more positive approach, but Merrill has not
participated in any meaningful way in several of the recent MLP offerings.

MSDW - NBP receives no coverage on the investment banking side and their
analyst has a &Hold8 rating on the units.


Please see the attached Management Report for June 26, 2000:

Total  Today Year To Date Life To Date

Number of Transactions  2,385 165,717 170,718
Gross Notional Value $  1,161,577,352 77,934,052,694 79,148,739,267
(The above value numbers do not include UK Power due to severe system issues.)

Revenue from Physical flows to date ($)  4,760,181,617 4,855,933,109

New Counterparties transacting today  5
Counterparties having transacted to date  378

Also attached is the Public Domain Report, containing information which is
intended for use in presentations or reports which will be seen by
individuals outside Enron:

Total Life to Date Transactions   > 169,000, which is > 52 % of Enron,s
current transactions for the month
Average Daily Transactions    > 2,000
Life to Date Notional Value of Transactions > $78 billion
Average Daily Notional Value    = Approximately $1 billion, which is 45% of
Enron,s Notional Volume
Number of Products Offered Each Day  = Approximately 820


To:		All Enron Employees

From:	Raymond Bowen, Jr.
		EVP, Finance & Treasurer

Subject:	Update on Employee Expense Reimbursement

Post-Petition Expenses

Effective immediately, the processing of expense reimbursement for business expenses incurred by employees after Enron Corp.'s Chapter 11 filing (after December 2nd) has returned to normal.  Expenses will be reimbursed promptly upon submission.  Employees should conduct business travel in the ordinary course of business as approved by direct supervisors.  New travel and entertainment guidelines regarding business travel and other employee expenses will be forthcoming.  In the meantime, please use discretion as you incur expenses.  All expenditures should be made with consideration given to Enron's current financial situation.

Pre-Petition Expenses

We will immediately begin to reimburse pre-petition expenses for current and former employees (incurred prior to the December 2nd Chapter 11 filing) up to a maximum of $5,000.  We understand that a number of employees have pre-petition expenses in excess of $5,000.  However, under the first day orders of the bankruptcy court, there is a $15,000 allowance per employee for unpaid pre-petition compensation, benefits, and related employee expenses.  This $15,000 cap was imposed without input from Enron management and counsel.  We have sought clarification from the bankruptcy court to assure that this $15,000 cap does NOT include the reimbursement of medical, dental, or vision related expenses.

We have commenced a manual review of every individual with pending pre-petition expenses in excess of $5,000.  Even prior to clarification from the court regarding the medical/dental/vision expense issue, we will begin to reimburse pre-petition expenses in excess of $5,000 and up to $15,000 as soon as we can verify that the aggregate reimbursements to an individual employee have not exceeded the $15,000 cap.  Unfortunately, since this will be a manual process, it will take some time to work through.  Employees with pre-petition business expenses in excess of $5,000 can assist us with this manual review process by providing a brief email summary of their situation, including the total amount of pending pre-petition medical/dental/vision claims, to expensereport@enron.com.

Thank you for your patience.


Hi Vasco,
 Did you get the fax of the e-mail I sent you last week?  Have you had a
chance to talk to Mr. Bermudes about the issues raised?  Maybe it would be a
good idea to have that firm draft the complaint we would file and have it
translated for John ad I to review.  This would keep the ball moving
forward.  What do you think?  Thanks in advance.
 -----Original Message-----
From:  "Vasco Ferraz" <DCMP#c#DCMP.PCMP#c#vferraz@elektro.com.br>@ENRON
[mailto:IMCEANOTES-+22Vasco+20Ferraz+22+20+3CDCMP+23c+23DCMP+2EPCMP+23c+23vfer
raz+40elektro+2Ecom+2Ebr+3E+40ENRON@ENRON.com]
Sent: Thursday, March 15, 2001 12:52 PM
To: Brownfeld, Gail
Subject: Enc.: Dear Vasco,

Content-Transfer-Encoding: quoted-printable
Date: Thu, 15 Mar 2001 12:15:37 -0300
From: "Vasco Ferraz" <vferraz@elektro.com.br>
To: DSAO.INTERNET#c#enron.com#c#Gail#c#Browfeld@elektro.com.br,
DSAO.INTERNET#c#enron.com#c#John#c#Novak@elektro.com.br
Cc: tcalvao@elektro.com.br
Subject: Dear Vasco,
Mime-Version: 1.0
Content-Type: text/plain; charset=ISO-8859-1
Content-Disposition: inline

Dear Vasco,

Confirming our conversation of this afternoon, I would like to inform you
that the strategy concerning the question of the price increase for the
purchase of Itaipu's energy is the following:

(i) extra judicial consignation (at an official bank) of the amount of
Furnas' invoice, without contemplating Aneel's resolution nr. 581/2000
increase;

(ii) according to the law (Civil Procedure Code, article 890, oo 1 to 4),
Elektro will send an extra judicial notification to Furnas, informing about
the deposit effected at the official bank;

(iii) Furnas will have 10 days to manifest itself about this payment: (a)
accepting, the debtor will be considered as released of the obligation; (b)
refusing to effect the payment, through letter sent to the official bank.
Consequently, Elektro will have to propose, within 30 days, the competent
payment into court proceeding against Furnas and the subsequent invoices
should be deposited at court;

(iv) besides the payment into court proceeding against Furnas, an ordinary
lawsuit will be proposed against Aneel, in order to recognize that the
Itaipu's cost increase could only be liable to Elektro when passed on to the
energy rates. This lawsuit would also demand a declaration that every time
the price of energy purchase increases, the rates would automatically be
increased accordingly. Elektro shall ask for an injunction to prevent Aneel
from establishing legal and contractual sanctions against Elektro because of
partial payments made to Furnas, i.e., payments without Aneel's resolution
nr. 581/2000 increase.

Remaining at your disposal for any further explanation deemed necessary.

Best regards

Marcelo Ferro


---------------------- Forwarded by Richard B Sanders/HOU/ECT on 02/07/2000
10:32 AM ---------------------------

Charles Cheek@ENRON
02/03/2000 01:24 PM
To: Richard B Sanders/HOU/ECT@ECT
cc: John Enerson/HOU/ECT@ECT
Subject: Midwest Gas Storage, Inc.

Dan O'Malley returned my call today. He was very cordial. He advised that
there had been no response to your letter of November 22, 1999, since the
project was not moving forward. According to O'Malley, "Bechtel could not get
the machines."


-----Original Message-----
From: 	Oh, Grant
Sent:	Wednesday, October 31, 2001 11:53 AM
To:	Le Dain, Eric
Subject:	FW: ENE comps

I asked Derek to pull some data together...  FYI

 -----Original Message-----
From: 	Lynn, Derek
Sent:	Wednesday, October 31, 2001 11:48 AM
To:	Oh, Grant
Subject:	ENE comps

Grant, ENE trades at 7x 2001 expected recurring earnings and 0.9 times book value.  This is far lower than a quick industry average of 15.5 times 2001 expected earnings and 2.8 times current book value (industry includes Duke, EL Paso, Williams, Dynegy, Kinder Morgan, and Aquila).  I think what these ratios demonstrate is the risk of the unknown that is being priced into ENE.  For example the current price to book seems like a suspect ratio to use for ENE given that it is unclear what is on our books and what else needs to be written down.  If you look at ENE on a price to earnings after non-recurring items for 2001 it looks far less attractive at 22.9 times.  If you take ENE's earnings after "non-recurring" items and slap on the industry average multiple of 15.5 times ENE's share price is $8.51 (ouch).  Now obviously not everything in the non-recurring events are actually recurring but there is talk of some wholesale losses being buried in the "non-recurring" loss.

ENE's long-term debt to equity is 0.9 times but if you include all the off balance sheet leverage and the leverage inherent in our trading business the true number is significantly higher than 0.9 times.  On a positive note the ENE's debt is trading higher today (price not yield).

Here is a spreadsheet from Bloomberg with the S&P pipelines sub sector P/Es, and P/Bs. and dividend per share (ENE's is 4%, nothing like a share price falling by 85% to get that div yield up).  I have also attached the latest Wall Street Journal article touting Berkshire, Royal Dutch, and GE as potential suitors (do you think Buffet can understand ENE?).

Hope this helps
--Derek


OUTLOOK EMAIL NOTIFICATION

Your Date of Migration is: May 15th

YOU WILL BE UNABLE TO SEND E-MAIL unless you take the following action:
Please go through your Notes email and clean out as many old/un-needed email
items as possible BEFORE your date of migration.? After you are migrated to
Outlook you will only be allocated 100MB of total Mailbox space.?? If more
than this amount of data is migrated to Outlook YOU WILL NOT BE ABLE TO SEND
E-MAIL until it is below the 100MB limit.? Cleaning up your Notes email now
will prevent this from happening to YOU.

Enron,s messaging platform is migrating from Lotus Notes to Microsoft Outlook
2000 worldwide.  You will be accessing Outlook for all of your email
functions.

WHY IS ENRON MIGRATING TO OUTLOOK 2000?

Many factors contributed to the decision to migrate from Lotus Notes to
Microsoft Exchange/Outlook.  The most prominent factors were:

? Significant advantages to moving to a product that is more integrated with
current Enron apps (Windows 2000, Office and Internet Explorer)
? More efficient Shared PC and Roaming User features
? Improved support and integration for Palm/CE devices
? Instant Messaging capabilities

WHAT IS BEING MIGRATED TO OUTLOOK 2000?

? Email Messages.  From the date of your scheduled migration, the last (30)
thirty days of your Email will be converted for use in Outlook.
? All your folders in Notes you use to store email messages in.
? To Do Items
? Journal Items
? Calendar Entries dating from (1) one year in the past to (10) ten years in
the future will be converted.
? Address Books, but NOT your Distribution Lists that you created.  You will
need to re-create these in Outlook.

Thank you,

Outlook 2000 Migration Team


Join the party and pick up your packet at the Enron Building.  This is a
personalized packet pickup for the Enron team, and we appreciate the MS staff
for helping us out with this.  Attached is the team roster, and MS will bring
the packets for the people on this list.  If you know of anyone else who
should be on this list, let me know ASAP so we can get theirs included.

This is a street party, so come join the fun!

11:30 - 1:00
Friday - March 24
Enron Building, 1400 Smith
Park:  Allen Center Garage

Events:

Packet Pickup for Team Enron 2000 provided by the MS Society
 Jersey pickup for Team Enron 2000
Official Bike MS150 bike inspections provided by West U. Schwinn

Lunch for $5 provided by Fusion Cafe (Jerk Chicken, etc.)

Live Music

Some things you may be pondering:

Yes, you can pick up rider packets for your friends if they cannot attend.
MS Society will require a signed pledge sheet for any packet picked up, so be
prepared for that if someone has asked your assistance with this.  For you
rookies - if you've got a pledge sheet in production, just stop where you are
and copy it to give to MS, and then you can continue with your pledge
efforts.  If you haven't yet begun, you can fill out a blank one there, and
sign your name obligating to the minimum pledge.  Money is not due yet - just
pledges.

If you need to have your packet picked up, try to get a friend at Enron to do
it who can deliver it to you, and if that's not an option, and you can get by
the building at another time to pick up, just let us know and we'll reserve
it for you if you fax your pledge sheet ahead of time - that means before
10:00 AM on Friday.  This is the only private pickup we will have - after
this, you'll need to go to one of the pickup points in the Rider Manual.  I
will publish those for you later.

If you're picking up a jersey for a friend, we'll ask for a pledge commitment
as well, because we like to know that everyone who rides for Enron pledges to
raise a minimum of $400.  If any of you or your friends have trouble with
this number, just contact me and we'll help you out.  We want you to ride
with us, and I know it can be scary the first time you've tried to raise
money.  Don't let that keep you off the team, just get in touch with me.

Jeff Nielsen of West U. Schwinn will be here to get your bikes inspected
(free of charge).  If you don't know the reason for getting your bike
inspected - it is designed to keep unworthy bikes off the road for safety and
maintenance reasons, and if you have an official inspection sticker on your
bike, you will not be charged any labor along the way if your bike should
need repairs.  There is a bike shop at each rest stop to assist you with any
breakdowns.


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/07/2000 10:29
AM ---------------------------
From: Suzanne Adams@ECT on 12/06/2000 05:03 PM
To: Ben Jacoby/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Lisa Bills/Corp/Enron@ENRON, Roseann
Engeldorf/Corp/Enron@ENRON, stephen.swift@ps.ge.com,
michael.barnas@ps.ge.com, kent.shoemaker@ae.ge.com, lee.johnson@ss.ps.ge.com
cc:

Subject: GE Conference Call

There will be a GE conference call Thursday, December 7, 2000, at 3:00 p.m.
CST.  The dial-in information follows:

Dial In: 1-888-422-7116

Host (Kay Mann):  922896

Participant:  929051

Please give me a call at 713-853-7340 if you have any questions.


Interested in interning in the print, publishing, e-commerce area? Check
out www.httprint.com. This company is looking for interns in client
services (building and supporting exchange communities), production
management (project execution) and sales administration (budgeting,
presentations and forecasting.)
they have expressed a particular interest in students of international
business.

"The pace here is exciting and frenetic." according to my contact there.
They are in the City near Pac Bell Park.

If interested please contact Jack Walklet, Senior VP, Sales and Business
Development at jwalklet@httprint.com
===============================
Sebastian Teunissen
Director of International Affairs
Haas School of Business
University of California, Berkeley
Berkeley, California 94720-1900 USA
Tel:   (510) 643-4999
Fax:  (510) 642-8228

http://www.haas.berkeley.edu/HaasGlobal


Steve is not available next Wednesday evening - he will be returning from out
of town.

Sorry.

	Lexi Elliott
	02/23/2001 01:03 PM

		 To: Steven J Kean/NA/Enron@Enron, Mark Dana Davis/HOU/ECT@ECT, Brad
Alford/NA/Enron@Enron, Mark Courtney/HOU/EES@EES, Ding Yuan/Corp/Enron@Enron,
Chris Loehr/HOU/ECT@ECT, John King/HOU/ECT@ECT, Alejandro
Hernandez/NA/Enron@Enron, Ethan Schultz/Enron Communications@Enron
Communications, Hans Oliver Pereira/HOU/EES@EES, Posey Martinez/HOU/ECT@ECT,
Anthony Sexton/NA/Enron@Enron, Jennifer N Stewart/NA/Enron@Enron
		 cc: Jacqueline Coleman/NA/Enron@ENRON
		 Subject: Cultivation Dinner

Due to scheduling conflicts with Sheila and Morela, Monday's dinner has been
changed to Wednesday.  I need 3-4 people to attend.  Please let me know if
you would be available Wednesday evening at 7pm.  Once it is confirmed, I
will let you know.

Regards,

lexi


I will be on vacation starting Monday Oct.29th through Friday Oct. 2 nd. Call Darrell this weekend and next weekend for operational problems and allocations.

Gary