Here you go!  Let me know if you need anything else.
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 11/09/2000
10:59 AM ---------------------------

Jason R Wiesepape
11/09/2000 10:55 AM
To: Benjamin Rogers/HOU/ECT@ECT
cc:
Subject: Re:

OOPS!!

Benjamin Rogers
11/09/2000 10:37 AM
To: Jason R Wiesepape/HOU/ECT@ECT
cc:
Subject:

Hey - Any luck with the Mid-Columbia last summer prices.  Thanks
Ben


Gordon,

It was a  pleasure talking to you.
I shall ask my assistant to send you the reprint.

Vince Kaminski

Shirley, Can you, please, send a copy of the paper on credit risk management
(reprint from the  RISK book).

Gordon Rausser <rausser@nature.berkeley.edu> on 04/26/2000 12:02:02 PM
To: vkamins@enron.com
cc:
Subject:

Vince:

Thank you very much for the useful information you provided me today.

As you suggested, I wish to request a copy of the reprint that was
published last year in Risk.

Gordon Rausser
Robert Gordon Sproul Distinguished Professor
Dean, College of Natural Resources
University of California
101 Giannini Hall, MC 3100
Berkeley, CA 94720
Phone: 510-642-7171
Fax: 510-642-4612

>http://www.cnr.berkeley.edu/index.php3?db=dean_rausser


Do we need to document somewhere that they are in violation of there pressure
requirements at San Arroyo and that this is costing us more damage than
anything else they are doing?

Mark


Group,

Last night we flowed energy out of the Alberta Power Pool.  We picked this
energy up at the BC border, used SNOPUD network to take it to Mid C, and sold
it for a nice profit to WWP.  Congrats to Jesse and Guzman for getting it
done.
I have set up two accounts with BPA that might be of use to us in working
with Enron Canada regarding the Alberta Power Pool.
The first account is from the BC Border to Malin.  This account is non-firm
on the network and non-firm on the malin intertie.  It is the same type of
product we use from Hotsprings down to Malin.  The North-South account number
is #682485.

I have also set up an account going South-North from the Caiso to BC Hydro at
the BC border.  This is non-firm on the Malin intertie and non-firm on the
network.  This account will allow us to flow north from the southwest through
California and take energy to either PowerX or the power pool.  The
South-North account number is #682781.

Additionally, there has been concern over selling a non-firm transmission
contingent product.  Remember you can buy spinning reserves(call option) and
then sell that energy as firm if you would like.

If you have any questions please let me know.
Bill


Hey Erik...Uh Hey Erik...Erik...uh, Erik....ERIK!!!!

Nothin'.....

-----Original Message-----
From: Fenner, Chet [mailto:Chet_Fenner@bmc.com]
Sent: Friday, March 08, 2002 9:36 AM
To: 'Erik Wollam'; knipe3@msn.com; Fenner, Chet; joe.parks@enron.com; Brian Constantine; bcorrier@cox-internet.com
Subject: RE: Last night!

Uhhhhhh, nu... nuhh,  nuthin!

-----Original Message-----
From: Erik Wollam [mailto:erwollam@hotmail.com]
Sent: Friday, March 08, 2002 9:26 AM
To: knipe3@msn.com; chet_fenner@bmc.com; joe.parks@enron.com;
brianc@saltgrass.com; bcorrier@cox-internet.com
Subject: Re: Last night!

what in the hell are you guys talking about? If there was suppossed to be a
repeat on man night, i was unaware. e.

>From: "chad knipe" <knipe3@msn.com>
>To: "Chet Fenner" <chet_fenner@bmc.com>, "Joe Parks" <joe.parks@enron.com>,

>"Brian Constantine" <brianc@saltgrass.com>, "Brad Corrier"
><bcorrier@cox-internet.com>, "EriK Wollam" <erwollam@hotmail.com>
>Subject: Last night!
>Date: Fri, 8 Mar 2002 07:29:17 -0600
>
>UUhh..what happened to ya'll last night. Thanks for blowing it off w/o
>letting me know. Ritas were good and plenty, had a few and decided to stick

>it out alone.  Actually met a whole new PILE of friends there.
>
>HALLELUJAH!!!!!!!!!

_________________________________________________________________
Join the world's largest e-mail service with MSN Hotmail.
http://www.hotmail.com


Vicky,

Please, send me your resume.

I shall forward it to a number of employees of  Enron in London
with my strongest recommendation. I shall send you  the list
of names. The resume will make it easier for me to
identify good targets.

Please, make sure you will contact me if there is no reaction.
People here are very busy and, as you know, things fall through the cracks.

Vince

Vince

"Vicky Windsor" <vjwindsor@hotmail.com> on 10/11/2000 04:49:56 AM
To: vkamins@enron.com
cc:
Subject: From Vicky Windsor

Dear Vince,

How are you? Well I hope.

I hope you don,t mind me writing to you. You may remember that 5 months ago
I left Risk Publications and moved to a charity. Having been here for only a
few months, I have decided that this job is not for me (I miss the buzz of a
corporate office) and I have decided to move back into the corporate sector.

Because of my previous experience and knowledge of the energy sector, I am
very interested in moving into this area. I have always thought that it
would be great to work for Enron because it is such a dynamic company and I
am planning to approach the London office to discuss any opportunities,
which might be available. I am particularly interested in product marketing
and research, although I am very open-minded at the moment. I wondered
whether you could recommend the right person to speak to in London.

I know that you are incredibly busy, but any help you can give me would be
fantastic Vince.

Thanks and best regards,

Vicky Windsor

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.


The report named: NG - PROPT P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=11&report_name=NG+-+PROPT+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=10/23/2001>, published as of 10/23/2001 is now available for viewing on the website.


G$-

I have given Chris your phone number and he said he would give you a call 15
minutes before you needed to be at your house.  Thanks again.

Bruce

----- Forwarded by Bruce Rudy/NA/Enron on 10/22/2000 04:38 PM -----

	Chris Jantz@ENRON_DEVELOPMENT
	10/19/2000 01:04 PM

		 To: Bruce Rudy/NA/Enron@ENRON
		 cc:
		 Subject: Survey

Bruce,
Hope this works for you.  Let me know.....

Chris
---------------------- Forwarded by Chris Jantz/ENRON_DEVELOPMENT on
10/19/2000 02:08 PM ---------------------------

"Joanne" <joanne@allrelo.com> on 10/19/2000 02:08:15 PM
Please respond to "Joanne" <joanne@allrelo.com>
To: <chris.jantz@enron.com>
cc: "Jeannie Hill" <jeannie@allrelo.com>

Subject: Survey

Hi Mr. Jantz -
?
I have your survey confirmed for Monday, 10/23/00 @  2:00 p.m. with Mike
McLaughlin.?
?
Thank you.


----- Forwarded by Sara Shackleton/HOU/ECT on 05/12/2000 02:01 PM ----
Erica:  I am so embarrassed that I inadvertently left you off of this
message!  Please forgive me.  FYI:  Marie doesn't want us to give HER a party
so we've agreed that it's just a "get-together".  Sara-

	Sara Shackleton
	05/11/2000 06:22 PM

		 To: Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Susan
Bailey/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Kaye
Ellis/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT,
Becky Tlucek/HOU/ECT@ECT
		 cc:
		 Subject: Party for Marie

I just learned that I have a conflict on June 2.  So I have already consulted
with Marie who has agreed to Friday, June 9.  I hope this works for the
majority of the group.  Thanks.  Sara


Mark,

Please, tale a look at the attached newsletter. An interesting story on
gaming Cal
PX. Let me know if you have problems opening the document.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/23/2000
05:45 PM ---------------------------

Energy Info Source <custsvc@energyinfosource.com> on 06/23/2000 07:24:22 AM
To:
cc:
Subject: Restructuring Today - 6/23

Energy Info Source - http://www.energyinfosource.com - is privileged to
make available to you a free trial subscription to Restructuring Today
until July 11.

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----------------------
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Name:
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Country: USA
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Fax:
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[ ] Bill me
[ ] Call me for my credit card information

 - rt000623-EIS.pdf


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 10/04/2000
08:28 AM ---------------------------

Angela Barnett
10/03/2000 01:54 PM
To: lsharis@msn.com, lallen@patroithomes.com, kttn0965@aol.com,
Topey0661@aol.com, dpepplejes@netscape.net, Mok66@aol.com, Judy
Hernandez/HOU/ECT@ECT, kkjohnson@velocityexp.com, Debby_Darnell@eott.com,
McJenjil@aol.com, Hhrk23@aol.com, Lois Ford/NA/Enron@ENRON, Diane
Salcido/Corp/Enron@Enron
cc:
Subject: FW: Children

---------------------- Forwarded by Angela Barnett/HOU/ECT on 10/03/2000
01:49 PM ---------------------------

"Curley, Kim" <KCurley@tmh.tmc.edu> on 10/03/2000 01:00:38 PM
To: "'ANGELA.BARNETT@ENRON.COM'" <ANGELA.BARNETT@ENRON.COM>
cc:
Subject: FW: Children

> -----Original Message-----
> From: loretta-henry@reliantenergy.com
> [SMTP:loretta-henry@reliantenergy.com]
> Sent: Tuesday, October 03, 2000 12:51 PM
> To: Nikki V Carter; Curley, Kim; R Fitzgerald;
> Shannon_Henderson@mail.bankone.com
> Subject: Children
>
>   To my child(ren).....
>
>   Just for the morning, I am going to smile
>   when I see your face
>   and laugh when I feel like crying.
>
>   Just for this morning, I will let you
>   choose what you want to wear,
>   and smile and say how perfect it is.
>
>   Just for this morning, I am going to step
>   over the laundry, and pick you up
>   and take you to the park to play.
>
>   Just for this morning, I will leave the
>   dishes in the sink, and let you
>   teach me how to put that puzzle of yours together.
>
>   Just for this afternoon, I will unplug the
>   telephone and keep the computer off,
>   and sit with you in the backyard and
>   blow bubbles.
>
>   Just for this afternoon, I will not yell
>   once, not even a tiny grumble when you scream
>   and whine for the ice cream truck, and I will buy
>   you one if he comes by.
>
>   Just for this afternoon, I won't worry
>   about what you are going to
>   be when you grow up, or second guess every decision
>   I have made where you are concerned.
>
>   Just for this afternoon, I will let you
>   help me bake cookies, and I won't
>   stand over you trying to fix them.
>
>   Just for this afternoon, I will take us to
>   Mc Donald's and buy us both a
>   Happy Meal so you can have both toys.
>
>   Just for this evening, I will hold you in
>   my arms and tell you a story about
>   how you were born and how much I love you.
>
>   Just for this evening, I will let you
>   splash in the tub and not get angry.
>
>   Just for this evening, I will let you stay
>   up late while we sit on the porch
>   and count all the stars.
>
>   Just for this evening, I will snuggle
>   beside you for hours, and miss
>   my favorite TV shows.
>
>   Just for this evening when I run my finger
>   through your hair as you pray,
>   I will simply be grateful that God has
>   given me the greatest gift
>   ever given.
>
>   I will think about the mothers and fathers who are
>   searching for their missing children,
>   the mothers and fathers who are visiting their
>   children's graves instead of their bedrooms,
>   and mothers and fathers who are in
>   hospital rooms watching their children suffer senselessly,
>   and screaming inside they can't handle it anymore.
>
>   And when I kiss you goodnight I will hold
>   you a little tighter, a little longer. It is then,
>   that I will thank God for you, and ask him for
>   nothing, except one more day.............
>
>   Please pass this on to other mothers and fathers.  I
>   think that we get too involved in our daily routines that we tend
>   to forget what great gifts our children really are.
>


it isn't oozing, just itching.  it was worth every penny.  i think this hooker really liked me.


As some of you have heard, I have gotten back into the energy business.  I
finished my work in the private equity world with IGP and recently started
with Reliant Resources, the unregulated merchant business of Reliant
Energy.  The company is scheduled to IPO the first week in February with a
distribution of remaining shares some ten months later.  It's a great
challenge to build a business in the face of the upcoming electricity
deregulation in Texas.  For some of my Enron friends that were around when
ECT started trading power and really started growing, the challenge is very
similar.  I'm looking forward to it and I think it will be a lot of fun.

I'm head of a group called Transaction Development & Support focusing
primarily on the large C&I customers.  This group will be responsible for
structuring (that overused word again) deals, keeping the originators
focused on the proper segments of the market, getting the deals sold out
the back door and then tracking the remaining portfolio.

My new contact info is:

tel - 713.207.3170
cell - 713.898.9481
james_r_easter@reliantenergy.com

Now... for those of you looking for a good stock tip and who isn't, I would
strongly advise shorting Starbucks.  As I will no longer be consuming vast
quantities of overpriced latte while digesting the daily Arts section of
the New York Times, I fear for their ongoing viability.

Stay in touch and best wishes to you and your families for the Holidays.

Jim


Your packages for the Enron Center Garage are ready for pick-up at EB305,
please make sure that you bring your Allen Center/Met card with you at the
time of pick-up, we will exchange your access card for a transponder.

Thank You,
DeShonda


here are my changes, highlighted in yellow.
PL

Jeffrey C Gossett
01/31/2001 04:32 PM
To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Phillip M
Love/HOU/ECT@ECT
cc:
Subject: Natural Gas Risk Books on EOL

Please look over the following and call Dawn with any books that need to be
deleted from their system.

Thanks
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 01/31/2001
04:31 PM ---------------------------

Dawn C Kenne
01/31/2001 04:23 PM
To: Jeffrey C Gossett/HOU/ECT@ECT
cc: Torrey Moorer/HOU/ECT@ECT, Tara Sweitzer/HOU/ECT@ECT
Subject: Natural Gas Risk Books on EOL

Voila!

Finally, a list of the natural gas risk books that EOL has on file.  Please
review the list and let us know which ones are no longer valid books.

Let me know if you need further information. Sorry it took so long to get to
you!

Dawn
3-9353


Yes, I have a few words of advice--later.

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


we maybe slow, but we eventually get there,,

as you know Carr has been trying to get approval from within and from Enron
finance people to create margin financing to execute & clear Nymex (and
e-nymex too) business for Enron. Well we are finally there..
We would love the opportunity to renew our realtionship of executing and/or
clearing for you again.
We are told (by Sarah) that you would have to talk to your individual
finance person to get the particulars of this, but she told us that we are
basically approved.. If you have any question about this , please call..
Other than that any assistance we could be to help in this , let us know..
definitely looking forward to this opportunity to do business again.

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-2205
Fax:  312-368-2281
mheffner@carrfut.com
http://www.carrfut.com


---------------------- Forwarded by Kevin G Moore/HOU/ECT on 09/11/2000 07:52
AM ---------------------------
To: Kevin G Moore/HOU/ECT@ECT
cc:
Subject: EarthSat's Winter Outlook


CC list suppressed...

It looks like New York wants something that California
finds unnecessary in the economic model:  Supply.
One could bet that Barbara Streisand is one happy camper.
dsg

April 6, 2001

Judge Dismisses Complaints by Groups To Stop NYPA From
Opening Plants

Associated Press

A Brooklyn judge ruled Friday that the New York Power
Authority can proceed with plans to open nine new
metropolitan area power plants, rejecting the complaints
of a coalition of consumer groups.

The decision by state Supreme Court Justice Lawrence
Knipel came just two days after a Queens judge had blocked
the opening of two of the gas turbine generators in the
Long Island City section of Queens.

The anti-power plant groups "failed to demonstrate that
[NYPA] abused their discretion or violated any rule of
law" in efforts to open the plants, Judge Knipel wrote in
his 76-page decision.

NYPA and the other groups named in the suit "exercised a
level of care sufficient to pass legal muster" Judge
Knipel continued.

Mike Petralia, spokesman for the New York Power Authority,
hailed the judge's decision as "a good day for all New
York City residents. Now we can move forward to get the
plants operational, and keep the lights on this summer."

Mr. Petralia said NYPA hopes to have the plants up and
running by early June. The plants are scheduled to open in
Brooklyn, Queens, the South Bronx and Brentwood on Long
Island.

New York State Judge Issues Order to Stop Work on Queens
Power Plant (April 5)
Jason Babbie of the New York Public Interest Group, one of
the groups seeking to keep the plants from opening, said
his group was unsure if it would appeal this latest
decision.

"We are considering an appeal," said Mr. Babbie, the
environmental policy analyst for NYPIRG. "We are upset
about the decision. ... The government has spent money, in
effect, fighting against its own people."

The Brooklyn ruling does not supersede the earlier ruling
in Queens, according to both sides, since the two suits
were filed on different grounds. "There is no green
light," said Mr. Babbie.

According to Mr. Petralia, NYPA is in negotiations with
residents of the Queens neighborhood to clear the way for
those plants to become operational. Opponents included
Silvercup Studios, which produces the HBO series, "The
Sopranos."

The New York Power Authority has said it must get the
plants running by summer to ensure reliable electrical
service and avoid price spikes. NYPA officials warn that
New Yorkers could face the same problem currently
afflicting California unless something is done.


Please verify fax number for Enron Corp., VP Finance and Treasury (for the
purpose of receiving notices of default)

713-646-4016


We could agree to non exclusive jurisdiction in Tenn., but not exclusive
jurisdiction.  As for the arbitration forum, my preference would be a major
regional metro area--Atlanta comes to mind.

	Janice R Moore
	07/25/2000 01:13 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: TEPAC Distributors Agreement

This is the note I just mentioned.  The question to you is in the last
paragraph.
Regards,
Janice

EB3861
Assistant General Counsel, Enron North America Corp.
713-853-1794 (Fax:  713-646-4842)
----- Forwarded by Janice R Moore/HOU/ECT on 07/25/2000 01:12 PM -----

	Janice R Moore
	07/20/2000 06:41 PM

		 To: Jason R Wiesepape/HOU/ECT@ECT, Phil DeMoes/Corp/Enron@ENRON, Elizabeth
Sager/HOU/ECT@ECT
		 cc: Richard B Sanders/HOU/ECT@ECT
		 Subject: TEPAC Distributors Agreement

Recapping our call w/ Keith Simmons (TEPAC's outside counsel) this afternoon,
we still have the following issues to resolve (the first three are the most
important to TEPAC).
(1)  Subrogation against TVA -- Keith doubts that TEPAC would ever agree to
Section 4.5, despite our expressed need to be able to challenge TVA directly
on its cut of energy we attempt to deliver or its calculation of Replacement
Costs.  Keith suggested that Jason and Phil speak directly to Larry Hamilton
about this subject, and they will attempt to do that soon.
(2)  Mitigation Duty --  They are not comfortable w/ a duty to mitigate
Replacement Cost damages that are calculated by TVA b/c they cannot foresee
circumstances where any action or failure to act could have any impact on
those damages.  We explained that we wanted the Distributors to have every
incentive to cooperate w/ us in keeping those damages minimized.  They might
be willing to concede on this point if we can work out everything else.
(3)  EPMI's Cover Damages --  They are not very comfortable agreeing to the
concept that a Distributor would have to pay damages to EPMI b/c they cannot
imagine how they could be responsible for failing to receive an "into"
product such as this.  We both agreed to reconsider this.
(4)  Criteria for Enron's rejection of Distributor -- Our right to approve
Distributors is ok, but they want to add language to prevent EPMI from being
arbitrary about those approvals.  We agreed.
(5)  Notice of changes to underlying agreements -- Their duty to notify us it
ok, but they want to add language that is in line w/ their Distributor
agreements, which don't absolutely require Distributors to tell TEPAC
everything.  We agreed.
(6)  Request for offers --  They would prefer that EPMI call them every day
w/ quotes (which is how Williams does it now), rather than having to initiate
the process.  We described this as our normal way of doing business and they
agreed.
(7)  Indemnity clause -- We struck a sentence about each party indemnifying
the other while they have title to the power, which had been included in our
earlier draft.  I agreed to look into this.
(8)  Governing Law and Arbitration -- TEPAC is ok w/ NY law, but would prefer
including a clause requiring EPMI to sue TEPAC or any distributor in
Tennessee (even tho Keith thinks that would be the legal result anyway).
They would also prefer to have the arbitration situs in Tennessee.  We both
agreed to reconsider this.  Richard:  What do you think about that?

Any comments are welcome.

Regards,
Janice

EB3861
Assistant General Counsel, Enron North America Corp.
713-853-1794 (Fax:  713-646-4842)


These replace the documents Karen sent.  Last minute changes, as is expected.  We will probably make Ken Lay available for key interviews.  Let me know if anybody has any thoughts.

Alex:  Please keep confidential until we cross this at 7:00 AM Houston time.

Thanks to all,

Mark


I understand your point on this and agree that someone may try to argue that it is due to them upon signing the offer letter.  Our practice and intent has been to pay after they start, and I believe that the letter refers to payment after they start, so there is some wiggle room on the other side.

I agree that it is not a "slam dunk" on our part, but my view is that the risk is worth not doing anything unless and until we get some sort of demand or claim.  We then can cross the bridge as to how to proceed.  In the meantime, I am comfortable with this level of risk.

Of course, if these folks are ones to whom we are paying any money, then the waiver should address the signing bonus issue.

Ya'll let me know if you disagree.

 -----Original Message-----
From: 	Palmer, Lizzette
Sent:	Thursday, November 15, 2001 6:50 PM
To:	Cash, Michelle; Butcher, Sharon; Sullivan, Kriste
Subject:	Revocation:  Signing Bonus

The initial view on this was that we should not pay signing bonuses when we revoke offers of employment, but I have continued to give thought to the issue and my concerns.  It appears that our offer letters refer to the bonus as a "sign-on bonus" and "signing bonus" and state that it will be paid within 30 days of hire.  The letter does not address what to do if we revoke, or if the applicant revokes.

I think that based on the "signing" language, applicants could argue that because they signed, we owe signing bonuses.

On the other hand, signing alone really can't be enough to justify payment; I don't think anyone would buy off on the idea that an applicant could sign, refuse to show up, and still be owed the bonus.

Balancing those considerations, I think a viable argument can be made that an applicant who signs and professes a willingness to still show up must be paid the promised signing bonus.  As such, I think we have some exposure here.  I can't assess how much, in part because I don't have an estimate of the dollars at issue.  I do, however, understand that we plan to revoke approximately 100 offers, not necessarily all of which will involve signing bonuses.

Any thoughts?

--Lizzette


Ben

This is a revised Plano we did late yesterday. It was adjusted from Lowell,
Mass Nepco estimate and we changed format to more closely match  Homestead
form.

Biggest differences 'tween original Plano and original Homestead were:

Homestead had dual fuel     +4M
Homestead had additional piling and foundation bulks  +1.8M
Homestead was connecting to a complicated t-line config +1.5M
Homestead had an FPL substation    +5M
Homestead did not need as much gas pipeline    -2.1M
Homestead used 6% margin     +4.4M
Homestead had lower capacity due to additional chilling  +1.5% (not capital
cost but does change $/kW)

Differences from original Plano to new Plano is that Nepco has estimated a
union job for Lowell. This impacts indirects upward by about $5M and
construction up above my earlier guesstimate by about $4M. I had doubled the
cost per manhour which Nepco also did but additionally they added manhours
for productivity loss. Additionally I moved new Plano margin to 6%.

New Homestead went up due to raw water pretreatment and first stage RO but we
dropped the substation cost so total estimated cost went down by a coupla of
million.

Numbers still just should be used for screening, no commitment.

These summaries should not be passed around.

Bruce


FYI.
----- Forwarded by Alan Aronowitz/HOU/ECT on 07/10/2000 05:33 PM -----

	John Viverito@ENRON
	06/13/2000 10:23 AM

		 To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Alan Aronowitz/HOU/ECT@ECT
		 Subject: RE: ENRON Request for Further Advice

David-

I am also faxing you a copy of B&M's initial advice regarding the gambling
issue, which I believe to contain a more concise explanation of the relevant
issues and a better explanation as to what may be done to minimize our
risks.

Please give me a ring after you have had the opportunity to review B&M's
advice.

Cheers,

John
----- Forwarded by John Viverito/Corp/Enron on 06/13/2000 09:56 AM -----

	Anne.Hung@BAKERNET.com
	06/13/2000 06:26 AM

		 To: John.Viverito@enron.com
		 cc: David.Minns@enron.com, Alan.Aronowitz@enron.com,
Paul.TYO.Davis@BakerNet.com, Jeremy.Pitts@BAKERNET.com,
Shinji.Toyohara@BAKERNET.com, Toshio.Sasaki@BAKERNET.com
		 Subject: RE: ENRON Request for Further Advice

Dear John,

In relation to your specific questions, our answers are as follows:

1. We confirm that there are no regulatory approvals required to trade
Japanese
weather derivatives whether or not the Enron counterparty is or is not
incorporated or resident of Japan.

2. No, except that trading weather derivatives online would make it more
difficult for Enron to ascertain the suitability of the counterparty (see
gambling issue below) as online transactions would probably allow very limited
due diligence opportunities.

3. Enron will need to pay close attention to ensure that weather derivative
products are not considered "gambling" activities.  As discussed in our
memorandum of January 14, 2000, all derivative transactions may potentially
constitute gambling transactions.  If  the transaction does constitute
gambling,
Enron may be exposed to criminal sanctions (if the activity is conducted in
Japan)  and  the contract may be declared void by a court and thus be
unenforceable.

Under Article 35 of the Criminal Code, there is a defense to any possible
criminal action if the transaction is entered into for legitimate purposes.
To
determine whether the parties have a legitimate business purpose, a court
would
need to look at all relevant facts and circumstances including the nature of
the
derivative contract entered into and the underlying business of the
counterparties.

There are four possible combinations of parties to these contracts:
        Case 1: Enron Non Japan/Japanese Resident
        Case 2: Enron Japan/Japanese Resident
        Case 3: Enron Japan/Non Japanese Resident
        Case 4: Enron Non Japan/Non Japanese Resident

In both cases 1 and 2, Enron needs to ensure that the Japanese counterparty
has
a legitimate business purpose to confirm that the transaction does not fall
within Article 185 and 186 of the Criminal Code which would render the
contract
unenforceable.

In cases 2 and 3, the need to comply with the law is also to ensure that Enron
Japan (and its officers) do not unwittingly commit criminal offences under the
Criminal Code.

In cases 3 and 4, Enron would need to ensure that the counterparty is
permitted
to enter into the transaction with Enron or Enron Japan without breaching the
law or regulation that might apply to derivatives in that country.

Although we are not able to state conclusively that Enron will have no risk in
entering into weather derivatives in Japan, we consider that this risk will be
reduced if
a. Enron entered into these transactions from offshore ;
b. Enron Japan is not involved in the marketing of these  transactions in any
way;
c. Enron obtains the representations below where the counterparties are
Japanese
residents.

Please answer the following questions if you are a Japanese entity:

To ensure that this transaction does not fall within Article 185 or 186 of the
Japanese Criminal Code, please confirm that:

a. you have read and fully understand the terms of the proposed transaction;

b. you are entering into this transaction to hedge weather related risk that
arises in the ordinary course of your business.

If your answers are affirmative for both a and b above, Enron will rely on
these
representations and regard your company as having a "legitimate business
purpose" to enter into this transaction as permitted under Article 35 of the
Criminal Code.

As we mentioned above, while obtaining these representations could reduce the
risk of Enron from contracting with inappropriate parties, it obviously would
not catch inappropriate counterparties that knowingly answer the questions
falsely.  Therefore, to the extent possible, Enron should also conduct its own
due diligence with respect to the counterparty to confirm the suitability of
the
transaction and to confirm that the counterparty has a legitimate business
purpose in entering into the transaction.

4. We confirm that there should be no transaction tax applicable to weather
derivatives.

5.  We confirmed with MITI that they are setting up a committee to draw up new
regulations for derivative transactions for industrial commodities (not for
weather) but they envisage that such regulations will not be ready for another
year.

Regards,

PAD/AH
in consultation with JDP/ST/TS

-----Original Message-----
From: John.Viverito@enron.com [ mailto:John.Viverito@enron.com
<mailto:John.Viverito@enron.com> ]
Sent: Tuesday, June 06, 2000 7:28 AM
To: Paul.TYO.Davis@BakerNet.com; Anne.Hung@Bakernet.com
Cc: David.Minns@enron.com; Alan.Aronowitz@enron.com
Subject: ENRON Request for Further Advice

Paul/Anne-

The scheduled date for the launch of EOL weather trading in Australia is
June 23rd.  We plan to trade Tokyo and Osaka in addition to Australian
cities. Therefore, we need to have resolved all legal issues prior to this
date.  Below, we provide some background information and a basic
operational description of Enron Online, for your review.

We have also raised questions relating to this matter and look forward to
your prompt response.  As similar questions have been asked and answered
previously, we would hope to receive your responses by the end of this
week.

Background

1.   As you know, Enron Corp. has developed an online trading system using
the internet for a number of physical products and financial derivatives
which it or its subsidiaries trade.  This system is called Enron Online.  A
preview of the system is available on the internet at www.enrononline.com

2.   One category of product traded through EnronOnline is weather
derivatives.  Although there are differing types of weather derivatives
they all have a floating price linked to meteorological readings (e.g.
temperature, precipitation).

3.   Enron proposes to offer weather derivatives linked to meteorological
readings for Tokyo and Osaka (and potentially for other Japanese and
foreign cities) to counterparties resident in Japan.  Initially the Enron
contracting entity will be a wholly owned subsidiary of Enron Corp. that is
incorporated in a country other than Japan and that has no presence in
Japan.  Later, the Enron contracting entity may be a Japanese resident
corporation (e.g. Enron Japan Corp.).

4.   In your advice dated January 14, 2000 you generally indicated that
there would be no legal impediment to Enron trading OTC weather derivatives
in Japan.  We would ask that you expand on that advice.

Operation of EnronOnline

1.   EnronOnline allows counterparties to may make on line offers to Enron
in respect of one of the products listed on the screen. Enron may accept
this offer through an on line response thereby forming a contract.

2.   A potential counterparty wishing to trade through EnronOnline contacts
Enron and fills out a registration form. Enron will make its credit
assessment on the counterparty. If accepted the counterparty is required to
sign a password agreement and is issued a password.

3.   The first time a counterparty logs onto the system with its approved
password it will be required to agree to an electronic trading Agreement
(ETA) by clicking the "I Agree" Box after scrolling thought the ETA.

4.   For each traded product there will be available online a set of
contract terms known as "General Terms and Conditions" (GTC).  The GTC is
supplemented by a product description.  A draft product description for a
weather derivative for a Japanese city is enclosed.  A sample GTC for an
Australian weather derivative is also provided.  The GTCs for a Japanese
city weather derivative would be similar but would reference Japanese
weather stations.

5.   A counterparty transacts through EnronOnline by "clicking" and
submitting an online offer to Enron.  The offer may or may not be accepted
by Enron. The counterparty will receive notification that either the trade
was successful or that their offer was not accepted. The ETA specifies that
acceptance occurs when the Enron message hits the server.

Would you please advise on the following points.

1.   Please reconfirm your previous advice that there are no regulatory
approvals required  to trade Japanese weather derivatives where the Enron
counterparty is resident in   Japan. Would you please consider both the
circumstance (i) where the Enron         contracting party to the weather
derivative is neither incorporated nor resident in           Japan and (ii)
where the Enron contracting party to the weather derivative is
incorporated or resident in Japan.

2.    Do  any  of your conclusions in your previous advice that OTC weather
   derivatives  can   be offered legally in Japan, whether based on weather
   readings  for  Japanese locations       or foreign locations, need to be
   modified if the OTC weather derivatives can be traded          via Enron
   Online?

3.    Any  impact  the  legislation  regulating  gambling may have on these
   products.

4.    Please  reconfirm  that  there  would  not  be  any transaction taxes
   applying to weather   derivatives.

5.    Any  other  material  legal  issues that you advise are applicable to
   these types of        products.

We are also providing below, for your review, a sample swap product
description and our General Terms and Conditions for Australia heating
degree day swaps.

Best regards,

John

(See attached file: HDD Swap Osaka 000529.doc)(See attached file: GTC HDD
Aust 000530.doc)


Mark:

I would like to schedule this Friday, 10/5 as a vacation day.  Please let me know if this presents a problem.

Thanks!

Marie


Start Date: 1/7/02; HourAhead hour: 1;  No ancillary schedules awarded.  Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010701.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 1 / Preferred: 339.53 / Final: 339.50)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 1/7/02
  SC_ID: ENRJ


---------------------- Forwarded by Tana Jones/HOU/ECT on 04/25/2000 04:49 PM
---------------------------

Molly Harris
04/25/2000 04:40 PM
To: Tana Jones/HOU/ECT@ECT
cc: Wendi LeBrocq/Corp/Enron@Enron
Subject: Re: Kellogg Company

Tana

Please add Wendi LeBrocq to the distribution.  I need to introduce our new
employee to legal. She will help support margining, management reporting etc

Thanks
Molly

	Enron North America Corp.

	From:  Tana Jones                           04/19/2000 04:29 PM

To: Bob Bowen/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT, Laurel
Adams/HOU/ECT@ECT, Andrea R Guillen/HOU/ECT@ECT, Willie Harrell/HOU/ECT@ECT,
Larry Joe Hunter/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Chris
Walker/HOU/ECT@ECT, David P Dupre/HOU/ECT@ECT, Pamela Sonnier/HOU/ECT@ECT,
Jarrod Cyprow/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Gordon
Heaney/Corp/Enron@ENRON, Souad Mahmassani/Corp/Enron@ENRON, William S
Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Rod
Nelson/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, John Suttle/HOU/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Kevin P Radous/HOU/ECT@ECT,
Veronica Espinoza/Corp/Enron@ENRON, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT,
Susan Flynn/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Susan
Bailey/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Marilyn Colbert/HOU/ECT@ECT,
Yolanda Cordova-Gilbert/HOU/ECT@ECT, Diane Ellstrom/HOU/ECT@ECT, Lynn E
Shivers/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Leslie Reeves/HOU/ECT@ECT,
Jason Moore/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Samuel Schott/HOU/ECT@ECT,
Anthony Campos/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Mary G
Gosnell/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT,
Julie Meyers/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Frank L
Davis/HOU/ECT@ECT, Carrie Southard/HOU/ECT@ECT, Amber Ebow/HOU/ECT@ECT, Adnan
Patel/Corp/Enron@ENRON, Elliot Bonner/HOU/ECT@ECT
cc:
Subject: Kellogg Company

We have received the following executed Master Agreement:

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

Effective Date:  March 31, 2000

Enron Entity:  Enron North America Corp.

Counterparty:  Kellogg Company

Transactions Covered: Approved for all products with the exception of:
Weather and foreign exchange


Please set up a meeting for this afternoon and invite the following people.
Bob Superty
Kathy Kelly
Ed Terry
Tricia Bowen
Judy Townsend
Dan Junek
Chris Germany
Victor Lamadrid
Molly Johnson
Randy Gay
George Smith
Maria Garza
Mark Friedman
Ami Chokshi
Scott Mills
Dave Nommenson
David Scott - with CES

Hopefully this will be a quick meeting.


Hello everyone:

Since we have so many new employees, Vince thought it would
be a good idea for the Research Group to have an offsite social
so that we might get to know each other better and to celebrate
a great first half!

WHEN:  Tuesday, July 11th
WHERE:  Ninfa's across the street.
TIME:  5:30 PM - 7:30 PM
WHAT:  Snacks, Drinks and Fellowship

More to follow - Mark your calendars!

Shirley


Nope.

	Sara Shackleton
	01/23/2001 05:45 PM

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

Tana:  Other than your email attached, have you had other discussions with
Mark or credit about hedge funds?  Sara

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 01/23/2001 05:41 PM -----

	Tana Jones
	12/14/2000 10:43 AM

		 To: Brent Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT,
Mary Cook/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Robert
Bruce/NA/Enron@Enron, Stephanie Panus/NA/Enron@Enron, Cheryl
Nelson/NA/Enron@Enron
		 cc:
		 Subject: Hedge Funds

Just a note to Group after discussion w/paralegals and Mark:  on a going
forward basis if our counterparty is a hedge fund, we will ask for all
corporate documents, plus a copy of their prospectus (which should show us
what the fund is allowed to invest in).


Here is the latest on timetable on Gallup.  Susan, please get your edits on
the draft to Donna and me by tomorrow.  (call me if you need more guidance on
what I have in mind).   Donna or Keith, please let me know what additioonal
information you are waiting on and what the likely timetable for filing is.
Also, Keith, what was the answer from ops/planning on whether unloading the
20,000 of fuel from the San Juan would help with more flexibility or
capacity?  If you haven't been able to get a meaningful answer, let me know
who to call and I'll try.
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/19/2000
09:12 AM ---------------------------

	From:  Drew Fossum                           12/19/2000 09:14 AM

To: Stanley Horton/Corp/Enron@Enron
cc: Danny McCarty/ET&S@Enron ., Phil Lowry/OTS/Enron@ENRON, Steven
Harris/ET&S/Enron@Enron, Mary Kay Miller/ET&S/Enron@ENRON

Subject: Re: Gallup Mods

I agree with Danny's email that the key timetable issue for the incremental
10,000/day appears to be lead time on fabrication and delivery of the
15,000hp motor.  It was my understanding that the long lead time items were
going to be ordered shortly (if they haven't been already) and that we'd take
the financial risk.  If that is our approach, the regulatory approvals won't
be the critical path item they usually are.  I've reviewed the FERC
application and we should be able to file it shortly, perhaps with a request
for temporary emergency certification if we decide that would expedite
things.  Additionally, we are looking at transactions that would allow us to
avoid physically hauling the 20,000/day of fuel down the San Juan lateral.
If we could unload our fuel requirement from the San Juan, the additional
horsepower at Gallup might provide some additional flexibility or additional
capacity.   I'll talk to Steve today to make sure we are doing everything
possible to expedite these efforts.  DF

Stanley Horton
12/19/2000 07:25 AM
To: Danny McCarty/ET&S@Enron .
cc: Drew Fossum/ET&S/Enron@ENRON, Phil Lowry/OTS/Enron@ENRON

Subject: Re: Gallup Mods

I believe that Phil Lowry is looking at ways to get some additional capacity
out of the system as well.  We want to expedite these efforts too..  I would
like to see an application filed filed by January 31st to get 30 to 50
MMCF/D.

Steve Harris and Phil Lowry should have the lead to get this done.  I am
willing to construct at risk but want to see the financials as well.


FYI.   You got it!
---------------------- Forwarded by Rod Hayslett/FGT/Enron on 12/12/2000
01:33 PM ---------------------------

John Gillespie
12/12/2000 09:03 AM
To: Rod Hayslett/FGT/Enron@ENRON
cc: peter.w.buettgen@us.arthurandersen.com

Subject: Re: Invitation - John Gillespie re IBUYIT (here) (13 Dec 08:30 AM
CST)

Rod,

After receiving feedback from both yourself and Phil Lowry through George
Wasaff, we will cancel this meeting. Originally Peter Buettgen and I were
anticipating the need to share the details of our process assessment strategy
with you prior to our kickoff. However, it has been pointed out that Morris
has been identified as the lead player and has responsibility for all
decision making. Therefore we will be working directly with Morris and will
not burden you with details unless Morris feels appropriate.

Thank you for your support and commitment in the completion of the iBuyit
process assessment.
John

New meeting request from Rod Hayslett

  12/13/2000 08:30 AM Local Time
  12/13/2000 09:00 AM Local Time

Title: John Gillespie re IBUYIT (here)
Location:  -No room information available-

Chair:  Rod Hayslett/FGT/Enron

To (required): Morris Brassfield/OTS/Enron@ENRON, John Gillespie/Corp/Enron
cc (optional): Kathy Campos/GPGFIN/Enron

John: Morris can't make this time and he needs to be in it.


Gregg,

Sounds  good.  I will wait for your call.

Stacy


Only took me 3 weeks to respond.  That's pretty good for me.  I think things started collapsing the day I got your original email.  Obviously not an opportune time to come take the tour right now.  Not so impressive when the building is 80% empty.  If/when we get the operation started again, I'll bring you up for a tour.

 -----Original Message-----
From: 	"Kelly Busch" <kbusch@energyargus.com>@ENRON
Sent:	Tuesday, November 27, 2001 12:25 PM
To:	Arnold, John
Subject:	keeping the lights on

John-
Was lovely meeting  you this weekend. Sorry I was...less then effusive by Sullivan's. It wasn't  the company -- I assure you.

And what about this  white elepha...trading floor? I want to get it while it  lasts.

look forward to  it

-Kelly

Kelly C. Busch
Market Analyst
Energy Argus
713 622 3996 x109kbusch@energyargus.com << File: mailto:kbusch@energyargus.com >>


Hi Chris,

Please give me a call this afternoon and let me know if you've had a chance
to look over the deals for october that Mary Ellenberger emailed to you last
week. I would like to get this matter resolved this week.

Thanks
Darla


Reviewed by Mark Williams, SVP Risk
Management, Citizens Power

The long awaited second edition of Managing Energy
Price Risk has finally arrived. It has been four years
since the first edition was published. During this hiatus,
a lot has happened as risk management within the
rapidly expanding energy industry has come of age as
a respected discipline. The second edition is a rich
compilation of papers by a surprisingly representative
group of industry leaders, practitioners and academics.

The books strength is that it reinforces the fact that
risk management principles initially applied to a narrow
band of energy commodities can and should be applied
across a wide array of energy commodities including
electricity. As expected the book does a solid job in
capturing an international perspective on the various
challenges, which are not isolated to any one
continent but are global in scope. It includes a lengthy
introduction that effectively frames risk management
progress, advancements and innovations that started
in the oil markets in the 1970's and migrated to the
natural gas and most recently expanding to the
electricity industry.

Managing Energy Price Risk is comprised of 15
chapters, all of which include an introduction, which
minimises the disjointedness that you may expect from
a book written by a large number of authors. Other
improvements in this second edition include expanded
graphics, highlighted panels, detailed appendices and a
separate glossary, which provides the reader with
additional reference material.

In particular the chapter on energy options written by
Michael Hampton is a useful primer and provides the
reader with a concise explanation of option theory,
pricing, basis risk, delta hedging as well as practical
guidelines for distinguishing between hedging and pure
speculation. For the more advanced reader, the
chapter on Energy Exotic Options, written by Vince
Kaminski, Stinson Gibner and Krishnarao Pinnamaneni is
particularly strong as it outlines the challenges
associated with the exotics and effectively documents
the latest methods used by leading practitioners in
pricing such instruments.

Additionally, the chapter on Accounting for Derivative
Contracts in the Energy Environment by three
consultants from Arthur Anderson, is a well written
summary which addresses the numerous tax related
issues including a timely discussion on the US Financial
Accounting Standards Board's Statement 133 (see
EPRM October 1999, page 22). Having this tax
information housed in one concise chapter is of great
value.

The second edition however is not without flaws. In
particular, it would have been useful to have more
information on the current challenges risk managers
are confronted with in the power industry including
latest advancements in volatility and correlation
estimation techniques. Additional attention could have
also been placed on the shortcomings of the current
market structure and methods in finding and applying
appropriate hedging strategies and instruments. In the
fledgling power market, this continues to be one of the
primary challenges.

In summary, this second edition of Managing Energy
Price Risk builds upon the sentinel work laid out in the
prior edition and is a valuable reference book for the
new recruit or seasoned veteran. It is a welcome
edition to any risk management library.


This is actually deal #471975, which I just fixed because Jeff forgot to put
the broker name in there. It is with Prebon.

Thanks,
Kate

Evelyn Metoyer@ENRON
12/04/2000 10:18 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Missing deal for Jeff Richter for Dec.1

JEff Richter
Prebon sent over a statement where:
Enron buys from EES 12/5-12/30 25 mw of SP-15 at $114.95


I am in London this week. Can you take a look at this and let me know what it
is and what we should do. Thanks
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 02/01/2000
04:43 PM ---------------------------

Becky Stephens@ENRON on 02/01/2000 10:29:51 AM
To: Richard B Sanders/HOU/ECT@ECT
cc: Linda R Guinn/HOU/ECT@ECT
Subject: service of process

The following documents, received today, have been forwarded for your
immediate review and consideration:

K & N Perforators, Inc. v. P H Exploration, Inc., and Houston Pipe Line
Company, Garnishee; No. 210318, In the County Court at Law No. Two, Victoria
County, Texas.  WRIT OF GARNISHMENT, FIRST AMENDED APPLICATION FOR WRIT OF
GARNISHMENT AFTER JUDGMENT AND AFFIDAVIT FOR WRIT OF GARNISHMENT AFTER
JUDGMENT to Houston Pipe Line Company by process server on 1/31/00

PLEASE ADVISE IF NOT RECEIVED WITHIN 1 BUSINESS DAY.

Thank you, Becky Stephens


ha

maybe this weekend. Seriously. I will have some free time Sunday, probably.
I have your cell phone # programmed into my phone. Let's try to do it then,
okay?

Josh

-----Original Message-----
From: Jason.Wolfe@enron.com [mailto:Jason.Wolfe@enron.com]
Sent: Thursday, April 05, 2001 5:49 PM
To: Josh Breeden
Subject: RE: b-ball

Josh,
I guess you've been too busy to lace up your basketball shoes and get out
of the office.
It hasn't been too hot out, and I am ready to get back out on the court and
work
on my all-around Webber-esque game.
Also, you should try to get downtown for lunch sometime if you're not too
busy.
Later,

Jason


FYI: As you know, the CPUC had requested that TW provide copies of the responses to the earlier El Paso data request. We provided those copies to the CPUC yesterday.


--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Calger, Christopher F. <Christopher.F.Calger@ENRON.com>
To: 'lkitchen@enron.com' <lkitchen@enron.com>
Sent: Thu Nov 22 09:57:34 2001
Subject: Contract Sales

Louise,

I think we should try to sell some of our in the money positions.  Bradford did not want to pursue this when we were doing the ring trades for aep, but now it seems as though we should do it simply to raise cash.

If we are short np15 and we have an in the money sale to a muni that does not post collateral, we could sell that customer contract to cash-rich marketers - allegheny, duke, aep, dynegy

I know it is our core business, but it might be quicker than selling brazil.

Target customers: munis, wapa, bpa,
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


This is ok by me.  Rick looks like a good candidate.

Ken Rice@ENRON COMMUNICATIONS
05/01/2001 03:48 PM
To: Cliff Baxter/HOU/ECT, Rick Buy/HOU/ECT, Richard Causey/Corp/Enron@Enron,
James Derrick/Corp/Enron, Andrew S Fastow/HOU/ECT, Ben Glisan/HOU/ECT@ECT,
Steven J Kean/NA/Enron@ENRON, Mark Koenig/Corp/Enron@ENRON, Kenneth
Lay/Corp/Enron@ENRON, Mark Metts/NA/Enron, Cindy Olson/Corp/Enron@ENRON, Lou
L Pai/HOU/EES@EES, Jeffrey Sherrick/Corp/Enron, Jeff
Skilling/Corp/Enron@Enron, Philippe A Bibi/HOU/ECT, Raymond Bowen/HOU/ECT,
Michael R Brown/LON/ECT@ECT, Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Mark Frevert/NA/Enron, James A Hughes/ENRON_DEVELOPMENT, Louise
Kitchen/HOU/ECT@ECT, John J Lavorato/Corp/Enron, Mike McConnell/HOU/ECT@ECT,
Rebecca McDonald/ENRON_DEVELOPMENT, Jeffrey McMahon/HOU/ECT, Greg
Piper/Corp/Enron, Jeffrey A Shankman/HOU/ECT, John Sherriff/LON/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Jeremy Blachman/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, David W Delainey/HOU/EES@EES, Janet R
Dietrich/HOU/EES@EES, Dan Leff/HOU/EES@EES, Mark S Muller/HOU/EES@EES,
Matthew Scrimshaw/LON/ECT@ECT, Marty Sunde/HOU/EES@EES, Thomas E
White/HOU/EES@EES, David Cox/Enron Communications@Enron Communications, Steve
Elliott/Enron Communications@Enron Communications, Jim Fallon/Enron
Communications@Enron Communications, Kevin Hannon/Enron Communications@Enron
Communications, Rod Hayslett/FGT/Enron, Stanley Horton/Corp/Enron@ENRON,
Danny McCarty/ET&S/Enron@Enron
cc: Carol Ann Brown/Enron Communications@Enron Communications, Dorothy
Dalton/Enron Communications@Enron Communications

Subject: Executive Committee Recommendation - VP Candidate - Rick Fehl

Executive Committee:

We would like to pursue an offer to Rick Fehl prior to the next Executive
Committee meeting on May 7, 2001.  Please forward your comments or questions
as soon as possible.

You will find attached the recommendation letter and his resume.

Regards,

Ken Rice & Kevin Hannon


Tara,

I talked withTodd today, but we still don't have anything firm yet. He
currently intends for his family to return to the U.S. sometime the week of
May 8th with or without him. If that is the case, he himself should be able
to be out before May 15 even if he has to relocate to a hotel. However, he's
asked for another week to get things in order.

We agreed to talk again next Tuesday, April 25, to nail down exact dates. Is
this okay? Are there any constraints that require us to firm this up before
then?

Thanks,
Tom x33926

Tara Rozen
04/17/2000 11:09 AM
To: Tom E Moore/HOU/ECT@ECT
cc: SALLY@EXECRELO.DEMON.CO.UK
Subject: Flat!

Hello, its your weekly reminder to let us know when you are moving in so that
we can make arrangments for you!

Please let us know as soon as possible!

Thanks

Tara


Frank,

This email will confirm that MidAmerican will not be paid for the November gas purchase amount of $1,558,687.65, since they have already shortpaid their transportation invoice by this amount.  I spoke with Mark Walton in Finance this afternoon, and he said that they are aware of the situation and have already taken the appropriate actions to cancel the wire transfer that would have gone out to MidAmerican later this month.

Also, FYI,  I did check with the Contracts Group about payment terms in GISB agreements.  Section 7.2 of the GISB form stipulates the payment date as being the 25th day of the month following the month of delivery.

I spoke with Renee Perry in Gas Logistics this afternoon, and she is looking into compiling an invoice for finance charges on the balance shortpaid for the period November 12th - November 25th.

Please call me if you need further information.

Thanks,

Kay


so ...you need flights to Houston??

From: Jeff Dasovich on 04/25/2001 01:23 PM CDT
Sent by: Jeff Dasovich
To: Joseph Alamo/NA/Enron@Enron
cc:

Subject: Re: *CALL-IN NUMBER* for STAFF MEETING & CONFERENCE CALL

I have one:
Houston's coming to town for a meeting on Friday, the 4th.


Changes in Enron's business require us to reevaluate how we approach the
engineering and construction function within Enron.  Specifically,  Enron
Energy Services' (EES) business has grown dramatically and that requires
considerable additional engineering and construction resources both to
develop solutions for customers and to deliver those solutions to customers.
Additionally, in light of Enron's continued emphasis on increasing our return
on invested capital, we have been engaged in fewer large scale construction
projects around the world.  Historically, these projects have been a primary
focus of EECC's activities.  Consequently we are making the following
organizational changes concerning EECC:

EECC's pipeline construction group, led by Jerry Martin, will become part of
Enron Transportation Services.
NEPCO will continue to operate as a stand alone entity focused on power plant
construction services to Enron entities and third parties.
The remainder of EECC will become part of EES.  Larry Izzo will report to the
EES Office of the Chairman.

 These changes will better align our intellectual capital with the growth
opportunities within Enron and provide new and exciting opportunities for our
employees.  Please join us in supporting and implementing these changes.


Tara,

Sally says Todd's London project is under Barry Pearce (related to
Continental Power) - Barry would need to designate London RC (or James New in
his absence, since Barry is in Houston).

Regarding the "extra" housing costs, this would need to be charged to Todd's
RC in Houston, which is #2182.

Please let me know if you require additional information.

Thanks,
Patti x39106

Tara Rozen
05/17/2000 09:14 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Bills in the UK - Todd Hall

Hi, Sally

We may have discussed this already, but I think I have forgotten the answer,
sorry!!

Which RC in London is taking most of Todd's costs? I have some urgent bills
to pay and need an RC.

thanks!
Tara

By the way, are you coming to London?


Mike,

The name of Anjam's replacement is Sharad Agnihotri.

Vince


Mark and Frank, in addition to the emails I sent to Frank about Devon and mark about PPL, here is a summary of the where we stand on some of the hot ISDA negotiations and what, if anything, needs to be done right away.

PPL Energy-- the schedule was negotiated.  Darren V. in credit and I were working to correct some errors and issues re: the guaranty.  Darren can discuss.  This is the ISDa that is ready to move and should move.  Mark, I think I forwarded to you the lastest emails from this week from Darren.  But in any case, if another lawyer can check this file and call Darren if they have any questions, he would be quick to get back to that persona and get them up to speed.

Devon - Frank and I spoke about Devon today.  The counterparty had put the file on file because Devon was too busy focusing on the acquisition of Mitchell Energy (the company built by the guy who also built the Woodlands).  Now, Devon is ready to move forward and requested a blackline.  Jason has asked that we hold off until he can review credit issues in light of the acquisition.

Welch's -- Jason Williams and I have worked on this one very closely and Jason has attended every conference call with me.  We have gone back and fault on the thresholds and Jason sent some new ones, I faxed them to the counterparty and we have not heard back from them.  I emailed Jason today to ask him to please follow-ip to ask about the thresholds. Otherwise, we have updated blacklines in the file.  I have asked several swap attorneys about questions before I moved forward but Sara has been the second point person.  Check with Jason to see if the attorney follows up -- she might be on vacation.  Keegan also has the phone number of the attorney's assistant who knows how to reach her when she is out of the office on a part time (or summer) schedule).


If you think this is worth pursuing, get in touch with Christie.
---------------------- Forwarded by Steven J Kean/HOU/EES on 07/25/2000 02:08
PM ---------------------------
From: Christi L Nicolay@ECT on 07/25/2000 01:46 PM
To: James D Steffes/HOU/EES@EES
cc: Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@Enron, Kevin M Presto/HOU/ECT@ECT
Subject: Idea

AEP, ComEd, Duke and CP&L announced last week that they would be
collaborating on a new version of a net based system better than OASIS.  I
think that Enron should consider joining with these utilities on this.  There
may be substantial Enron upside to such a venture from added information
disclosure and standardization and streamlining for easier use:

On 7/14, FERC issued an Advance NOPR asking for input by 2/15/01 on OASIS
Phase II (the new OASIS proposal).  In particular, FERC states that this new
OASIS should address: (i) communication of critical market information (like
transmission rights); (ii) posting of ATC, TTC, and CBM; and (ii) seams
issues between RTOs (transmission service across multiple RTOs).  FERC says
that the new OASIS should make use of Internet, interactive displays, etc.
FERC also asks for information on dynamic notification (where the OASIS
automatically alerts the customer to changes in ATC, reservations, etc.)
This type of functionality would allow Enron to determine if it wants to stay
in a queue when transmission becomes available (rather than getting kicked
out after the first denial for lack of ATC.)  FERC also wants information on
whether generator-run status should be included on OASIS; electronic
scheduling (which can now be done via etag); and business practices that
should be standardized.
Enron could have significant input to force these utilities to propose a
good, customer friendly system that provides valid and helpful data on ATC,
TTC, and CBM, rather than the total lack of substantive information that is
available today.  (Recall that Enron proposed that CBM use be posted--FERC
has not adopted that idea yet.)
Because these are critical utilities, any system that they propose may be
very likely to be adopted (with some changes).  I think it is better to be in
on the front end.  Enron's participation would also give validity to their
system.
Dan Larcamp told me that he would like more "classes" for his staff from
Enron and that we should give joint classes with AEP because Susan Tomasky
told Dan L. that "AEP has nothing to hide."  This type of venture would allow
AEP one venue to make good on that statement.
Steve K. asked us to pursue the idea that Enron build a computer system.
This may be a good way to have significant input while leveraging these
companies' money and promoting Enron's congestion model ideas, etc.


Hey guys, I'm sorry this is such short notice - Actually my roommate just
threw it on me this morning that we were having the party this soon.  I
obviously was not able to send this to everyone I would like to invite so
feel free to spread the word.
Regardless, here are the details...

It's a cocktail party so the attire is business casual to semi formal.
The date is Saturday, December 2nd.
Entertainment will once again be provided by the band; 8th Ave. Instinct.
(I will be collecting suggestions for a new name for the band :)
Start showing up around 7pm - That's close to when the band will start.
We're thinking more along the lines of an acoustic session this time in an
effort to avoid any Grinch's a.k.a. Pigs.
No cover.  *We're just asking that everyone bring a bottle of their own
boos.*  We'll provide the mixers and some boos of our own.

Here is our address and directions for those of you who did not make it to
the last party...
4802 SW Vacuna St., Portland.   Ph: 503-246-1700
If you're coming from Portland go South on Barbur Blvd. towards Tigard.
Turn Left on to Capital Hwy.  Go up less then 3/4 of a mile (Capital Hwy.
turns into 49th St.) and see 7-11 on right hand side.  Our street is 4 or 5
streets after 7-11, on the left.
Turn Left on to Vacuna St.  (If you get to PCC Sylvania, you've gone too
far.)  Our place is the 4th house on the right side.

I'd love to see all of you there.  We're hoping for a turn-out like our last
party so again, feel welcome to bring whoever.
See you then, if not sooner!

Katie Trullinger
Wilshire Credit Corporation (REO Dpt.)
800-776-0100 x7804
katie.trullinger@wfsg.com


We can probably do this.  However, if Steve Harris has not approved by then, I will not be able to send.  Why so early?  Why not first thing Friday?

 -----Original Message-----
From: 	Keiser, John
Sent:	Wednesday, October 03, 2001 1:07 PM
To:	Korbelik, Stephanie; Geaccone, Tracy; Gilbert, Steve; Moore, Jan
Cc:	Baker, Henry
Subject:	FW: Weekly Commercial Net Contribution Summary
Importance:	High

Henry Baker will email you no later than  each Thursday morning with the last "Summary" with the YTD and QTR info section titles adjusted accordingly.  This next one will be October month forecast.  The YTD will be September YTD with the Actual line reading Actual/Forecast since September is not yet finalized.  When we are at the end of a QTR (like now) and forecasting the first month of the next QTR I will add a section for the next QTR (in this case 4th QTR).

This week's template follows:
 << File: WeeklyWeb100501.XLS >>
Please fill in your company's data on the template and return by email to Henry Baker no later than 3:00 pm on each Thursday.

The report will be titled "Weekly Commercial Net Contribution Summary" and will ultimately reside in the ETS Updates, Financial Forecasts section of the ETS Website.  Also, keep submitting and inputing into the Website the more detailed weekly reports as you have been.  We will not be publishing the Summary by email but watch for it on the Website.  The way the Website works, it might not show up until Friday morning.  If you need an advance copy, let Henry know and he can email it to you.

Also, when filling in your variances, watch for rounding issues where it might show up as zeroes but the totals would foot differently when adding the visual amounts.


July 12, 2001, 11:41PM
Broadband trims down at Enron
But quarter's profits increase 40 percent
By MICHAEL DAVIS
Copyright 2001 Houston Chronicle
Enron Corp. will continue to scale back its money-losing broadband business, shifting personnel back into its high-growth energy segments, the company said Thursday.
It will be the second time in four months that Enron has scaled back its broadband business. The company disclosed its intentions as part of its second-quarter results, which included a 40 percent rise in net income.
Enron officials still expect the company's broadband business to be a core segment for the company but it has yet to deliver the sort of growth they once envisioned. A deal with Blockbuster that fell through earlier this year was considered a major setback.
Enron's broadband business reported a $102 million operating loss, compared with an $8 million operating loss for the same quarter a year ago.
Enron said it would significantly reduce spending in its broadband unit "to match the reduced revenue opportunities currently available."
Analysts were not surprised by the company's move to reduce its exposure to the broadband market in the near term.
"This is just a recognition of reality, not just with them but in general," said Daniel Tulis, energy analyst with Bank of America Securities in New York. "This has been a business that has taken a lot longer to materialize and it has affected everybody. It's just been total devastation in the industry across the board."
In April, Enron Broadband Services eliminated up to 250 positions to reflect a softening broadband market. This latest cost reduction will result in more jobs being shifted from the broadband unit's 900-person work force into Enron's energy business, said Jeffrey Skilling, Enron's chief executive officer.
"We just need to get the burn rate down, so we are going to redeploy people," Skilling said.
Skilling said he remains "absolutely convinced" that broadband is going to be an enormous market for Enron one day but said the company has to adjust to the bandwidth glut the market is experiencing.
Overall, the Houston company had second-quarter net income of $404 million, or 45 cents per share, on revenues of $50 billion. That compared with net income of $289 million, or 34 cents per share, on revenues of $16.8 billion in the second quarter of 2000.
The company topped Wall Street's expectations slightly. Analysts had expected the company to earn 42 cents per share in the quarter, according to estimates compiled by Thomson Financial/First Call in Boston.
Enron told investors that it is now confident it will achieve earnings per share for the year of $1.80, and the company said it expects to earn $2.15 per share in 2002.
The 2002 estimate is up about 20 percent from what most analysts were projecting for next year.
Shares closed Thursday at $49.55, up 45 cents.
Enron's wholesale services business, which includes energy sales and trading, has consistently led the company in growth and operating income. In the second quarter, it had operating income of $802 million, up 93 percent compared with the $415 million it earned in the second quarter 2000.
The standout for the quarter in this division was Enron's European operations, which showed a 103 percent increase in natural gas volumes and a 463 percent increase in power volumes.
Enron's retail energy services division had operating income of $60 million in the second quarter compared with $46 million in the previous year's second quarter. In the second quarter, $7.2 billion of new contracts were completed, the company said.
Enron's transportation and distribution business, which includes its natural gas pipelines and its Portland General electric utility, had operating income of $77 million, which was exactly the amount it earned in the comparable quarter last year.
_______________________
Rebecca Watkins
Enron Broadband Services
713-853-5605 (office)
713-302-9370 (mobile)
713-646-5745 (fax)
rebecca_watkins@enron.net

----- Forwarded by Rebecca Watkins/Enron Communications on 07/13/01 09:12 AM -----

	Katherine Harper 07/13/01 08:54 AM 	   To: Rebecca Watkins/Enron Communications@Enron Communications  cc:   Subject:

http://www.chron.com/cs/CDA/story.hts/business/966942

Katherine Harper
Administrative Assistant II
Enron Broadband Services
Office 713-853-5481
Fax     713-646-5745
Cell     713-562-4968
katherine_harper@enron.net


Very nice! I hate it when that happens. How is you week going? Mine has been pretty crazy but we're half way there. Talk to you later...

Chris


Attached, please find the following press releases from Governor Davis:

1) Governor Davis wrote a letter to FERC regarding the QFs.

http://www.governor.ca.gov/state/govsite/gov_htmldisplay.jsp?BV_SessionID=@@@@
0148135597.0989967115@@@@&BV_EngineID=galkllhdjdebemfcfkmchcng.0&sCatTitle=Pre
ss+Release&sFilePath=/govsite/press_release/2001_05/20010515_PR01215_GGD_lette
r_to_FERC.html&sTitle=GOVERNOR+DAVIS+SENDS+LETTER+TO+FERC+5%2f15%2f01&iOID=147
70

2) Governor Davis blames Republicans for Moodys downgrade.

http://www.governor.ca.gov/state/govsite/gov_htmldisplay.jsp?BV_SessionID=@@@@
0148135597.0989967115@@@@&BV_EngineID=galkllhdjdebemfcfkmchcng.0&sCatTitle=Pre
ss+Release&sFilePath=/govsite/press_release/2001_05/20010515_PR01219_Moodys_cr
edit_rating.html&sTitle=GOP+OBSTRUCTION+LEADS+TO+CALIFORNIA+%0aCREDIT+DOWNGRAD
E%0a&iOID=14750


No, we insist that the trader make credit aware of new counterparties or
unusual trades or opportunities prior to transacting.  Credit reviews trades
each morning and they know what's going on.  ss

	Enron North America Corp.

	From:  Shonnie Daniel                           09/16/99 06:13 PM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: trader guidelines

Sara,  Do you usually do guidelines relating to credit approval, size of
transaction a trader can effectuate and internal approval process?

Sara Shackleton
09/16/99 02:24 PM
To: Shonnie Daniel/HOU/ECT@ECT
cc:
Subject: trader guidelines

I am forwarding to you guidelines prepared for global products trading.  It's
a good starting point.  I am currently working on guidelines for Argentina
which will address both physical and financial trading.  Other "guidelines"
exist in limited form for the remote offices in Singapore and Australia.  I
am checking on London.
I'm not exactly certain as to what you are looking for.  Obviously the
foreign offices have issues that may not apply in the US (although LA. is
about as close as you can get to a third world country).  One thing that
doesn't show up in the attachment is the swap eligibility issue.   Let me
know how I can help further.  Sara

---------------------- Forwarded by Sara Shackleton/HOU/ECT on 09/16/99 02:14
PM ---------------------------

Janice Moore
09/03/99 01:57 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: trader guidelines

Here it is -- we printed this 2-sided and laminated it.  Becky will bring you
the hard copy version.  Lunch date later.


I would welcome the opportunity to discuss this with you both ( probably
separately given our diaries ). I am keen to understand whether we have the
same perceptions of the control process and of the timetable for moving
forward to our shared vision !

I will try to call later today

Mike
---------------------- Forwarded by Mike Jordan/LON/ECT on 12/10/2000 11:38
---------------------------

Mike Jordan
12/10/2000 11:16
To: Fernley Dyson/LON/ECT@ECT
cc: Steve W Young/LON/ECT@ECT, James New/LON/ECT@ECT, David Hardy/LON/ECT@ECT

Subject: RAC issues

Fernley

Output from a meeting with David and James on the specific issues :-

David's view is that a detailed factual list of issues is as yet not
available but the summary is as follows :-

At present Europe is substantially hitting the two key deadlines of
'officialisation' of the books by Risk management by 6 am Houston time and
Summary DPR received in Houston by Noon ( indeed have internal deadlines 1
hour before that for contingency )
However, there are some IT problems in that the feeds to Houston post
officialisation are currently taking a number of hours - and IT are currently
looking to rewriting feeds and purchasing a dedicated server for feeding to
Risktrac.
Additionally, because of the time difference between the two targets and the
fact that Risk Managament do not obtain MTM information until completion of
the overnight batch ( ie start working first thing in morning UK time ) there
has been scope for continuing to work on the raw MTM data. Consequently,
there is potential for Risk Management 'top siding' for corrections such that
the summary DPR will be 'different' from the risktrac information - We do
topsides because it is impossible, given current systems, to rerun the
overnight batch and extract the data from the valuation systems - our p&l
explain processes are themselves spreadsheet based.
The majority of topsides are caused by inaccurate data capture at the deal
entry stage - itself a symptom of underinvestment in the data validation
process of risk systems
Whilst the topside adjustment is communicated to Houston  - Risktrac requires
a fully automated process
Whilst we should consider the materiality of the topside - RAC rightly are
trying to implement zero tolerance - to help flag all the issues
Within the last fortnight we once received the incorrect curves on UK Power
such that the full database was incorrectly valued - there was insufficient
time ( for reason stated above ) to rerun and reextract and indeed today the
batch failed because the UK Power server ran out of processing diskspace.

We are doing a reasonably good job given the significant systems inadequacies
we face ( and that have been flagged on a continuous basis - they are on the
long list for development ).

The recent daily taskforce meetings will provide more structured reporting of
the root causes that will allow better escalation of systemic issues - and we
should seek to discuss these in the context of the goal of corporate policy
compliance ( we should recommunicate the policy internally within Europe )


Dear Dr. McMullen,

A few weeks ago I received a call from your University
regarding employment opportunities at Enron.

I called back and summarized the  needs of my group (an ideal profile of a
candidate):

1. mathematical finance
2. computer programming (C, C++)
3. understanding of the energy markets

I shall appreciate any information about potential candidates.

I have also given some other suggestions regarding potential
opportunities for graduates with different profiles.

Please, feel free to call me. My number is 713 853 3848.

Vince Kaminski


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FYI

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 01/25/2001 03:27 PM -----

	Jim Crump@ENRON
	01/25/2001 09:32 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Inland - ISDA and Confirms

Sara:

Julie Beck (VP Finance - Inland Paperboard and Packaging) has given me the
name of another attorney who will review the new ISDA and confirms:

 Jack Falconi,  (214) 360-4865,  jfalconi@gfbank.com

Temple Inland (the parent  -  will provide a $15 million guaranty) has worked
with Jack in the past and wants him involved.

It might be a good idea to call Jack.  I am not clear on the role that Grant
Adamson will play (Grant gave us comments on the earlier ISDA).  From what
Julie said, I think that Jack will be our main legal contact at this point.

Thanks,  Jim


Jurisdictions of incorporation:

American Electric Power Service Corporation:  New York

AEP Energy Services, Inc:  Ohio

 -----Original Message-----
From: 	Cook, Mary
Sent:	Monday, November 05, 2001 4:16 PM
To:	'lech.kalembka@cwt.com'; Heard, Marie
Cc:	Portz, David; Sager, Elizabeth
Subject:	RE: AEP Master Netting Agr

Do not do the searches, but do the filings for our benefit.

 -----Original Message-----
From: 	"Lech Kalembka" <Lech.Kalembka@cwt.com>@ENRON
Sent:	Monday, November 05, 2001 4:08 PM
To:	Heard, Marie
Cc:	Portz, David; Sager, Elizabeth; Cook, Mary
Subject:	RE: AEP Master Netting Agr

Should we file?  Thanks.

Lech Kalembka
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY  10038
Tel.: (212) 504-6918
Fax: (212) 504-6666
E-mail: lech.kalembka@cwt.com

                    "Heard,
                    Marie"               To:     <Lech.Kalembka@cwt.com>
                    <Marie.Heard@        cc:     "Sager, Elizabeth"
                    ENRON.com>           <Elizabeth.Sager@ENRON.com>,
                    Office:              "Portz, David"
                                         <David.Portz@ENRON.com>, "Cook,
                    11/05/2001           Mary" <Mary.Cook@ENRON.com>
                    05:04 PM             Subject:     RE: AEP Master
                                         Netting Agr

Lech:

I just spoke with Elizabeth Sager and she said there was no need to
order lien searches for AEP as the contract expires in March, 2002.

Marie

Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
marie.heard@enron.com

>  -----Original Message-----
> From:   "Lech Kalembka" <Lech.Kalembka@cwt.com>@ENRON
> Sent:   Monday, November 05, 2001 3:28 PM
> To:     Portz, David
> Cc:     Heard, Marie
> Subject:     RE: AEP Master Netting Agr
>
>
> I did receive the document.  Should I contact anyone, or am I awaiting
> a
> call to discuss/negotiate?  Thanks.
>
> Lech Kalembka
> Cadwalader, Wickersham & Taft
> 100 Maiden Lane
> New York, NY  10038
> Tel.: (212) 504-6918
> Fax: (212) 504-6666
> E-mail: lech.kalembka@cwt.com
>
>
>
>                     David.Portz@e
>                     nron.com             To:     Lech.Kalembka@cwt.com
>                     Office:              cc:     Marie.Heard@enron.com
>                                          Subject:     RE: AEP Master
>                     11/05/2001           Netting Agr
>                     04:17 PM
>
>
>
>
>
>
> Lech -- Please let me know if you did not receive the attachment via
> my
> subsequent e-mail.  I understand the UCC searches and filings to be
> needed
> in relation to the attachment's Section 6(b).  Upon completion of
> negotiations, I will send you an electronic copy of the finalized
> Netting
> and Setoff Agreement to faciliate Cadwalader's preparation of the
> financing
> statement filings.  --David Portz
>
>     -----Original Message-----
>    From:   "Lech Kalembka" <Lech.Kalembka@cwt.com>@ENRON
>    Sent:   Monday, November 05, 2001 2:54 PM
>    To:     Portz, David
>    Subject:  Re: AEP Master Netting Agr
>
>
>    I did not find an attachment.  Also, I assume that we will prepare
> UCC
>    filings and order UCC searches.  Thank you.
>
>    Lech Kalembka
>    Cadwalader, Wickersham & Taft
>    100 Maiden Lane
>    New York, NY  10038
>    Tel.: (212) 504-6918
>    Fax: (212) 504-6666
>    E-mail: lech.kalembka@cwt.com
>
>
>
>                        "Portz,
>                        David"               To:
> <Lech.Kalembka@cwt.com>
>                        <David.Portz@        cc:     "Sager, Elizabeth"
>                        ENRON.com>
> <Elizabeth.Sager@ENRON.com>,
>                        Office:              "Heard, Marie"
>                                             <Marie.Heard@ENRON.com>,
> "Cook,
>                        11/05/2001           Mary"
> <Mary.Cook@ENRON.com>,
>                        03:32 PM             "Williams, Jason R
> (Credit)"
>
> <Jason.R.Williams@ENRON.com>
>                                             Subject:     AEP Master
> Netting
>                                             Agr
>
>
>
>
>
>    Lech - A high priority Master Netting and Setoff Agreement (see
>    attached) is in the late stages of negotiation with the
> below-referenced
>    AEP affiliates.  The agreement is currently intended to be limited
> to
>    masters/ transactions between ENA &/or EPMI and two major AEP
> trading
>    affiliates, American Electric Power Service Corporation as Agent
> for the
>    AEP Operating Companies ("AEP") and AEP Energy Services, Inc.
>    ("AEPESI").  The Netting Agreement explicitly identifies enabling
>    agreements between those entities relating to trading physical gas,
>    physical power, and financial swaps.  Earlier today the Enron
> Credit
>    group indicated that ENA trades (using GTCs) physical coal and
> physical
>    synfuel with American Electric Power Service Corporation.  Please
>    contact me with any questions. -- David
>
>    David A. Portz
>    Senior Counsel
>    Enron North America Corp.
>    1400 Smith, EB 3805a
>    Houston, Texas  77002-7361
>
>    Phone:   713-853-9239
>    Fax:  713-646-3491
>    Assistant:   Linda Simmons (Ext. 57851)
>
>
>
>
>
> **********************************************************************
>    This e-mail is the property of Enron Corp. and/or its relevant
> affiliate
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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/23/2000
06:35 PM ---------------------------

Shirley Crenshaw
05/23/2000 11:02 AM
To: bambos@stanford.edu
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: Re: Visit to Enron

Good morning Professor Bambos:

When you have finalized your flight plans for Thursday, would you please
let me know the arrangements?  That way I can verify that the flight is on
schedule and coordinate the dinner plans accordingly.

Thank you.

Sincerely,

Shirley Crenshaw
Administrative Coordinator
Research Group
Enron Corp.
713/853-5290
email:  Shirley.Crenshaw@enron.com


Hi Everyone,

Last month I announced a new seminar we're offering called "Show Me the
Money...The Perfect Pitch", taught by Peggy Klaus.  We will have signups
available in the office from Wednesday, March 15 through Friday March 24.

THIS IS NOT FIRST-COME, FIRST-SERVED.  Seats will be assigned according to
seniority in the program.

I've copied, below, the description of the seminar.  It should be great!

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

"You may have an incredible idea, the best product, or the most dynamic
company in the world.  But if you can't talk about your assets in ways that
make your audience as excited as you are, you've struck out.  Whether
asking for seed money for a start-up, taking the company public, or just
debriefing investors at a quarterly meeting, you will need compelling
presentation techniques that ensure a winning delivery.  This interactive
workshop is designed to keep you out of the bull-pen and on the mound,
pitching a perfect game with no walks and no errors."

This workshop will include assessments and enhancements of personal style
including creating a positive first impression; effective use of voice,
body language, and humor; and managing stage fright.

"The Perfect Pitch" will be taught by Ms. Peggy Klaus of Klaus &
Associates.  Peggy is an executive coach who trains executives, managers,
celebrities, professionals, media personalities, and political candidates
to project a more dynamic presence.  I'm really pleased that she has agreed
to join us, and I hope that you consider attending this workshop.

Cheers,

Diane


I haven't seen or heard anything on this...


Jay, what is status on credit worksheet for MGI.  Pls advise.
BT

 -----Original Message-----
From: 	Perlingiere, Debra
Sent:	Thursday, October 25, 2001 3:05 PM
To:	Espinoza, Veronica; Williams, Jason (Trading)
Cc:	Tycholiz, Barry
Subject:	MGI Supply, Ltd.

Barry Tycholiz has requested a Master Agreement for MGI Supply, Ltd, therefore please prepare and forward to my attention as soon as possible a credit worksheet for same.

Thanks!

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


-----Original Message-----
From: 	"Bryan Leibman" <bleibman@froschtravel.com>@ENRON
Sent:	Monday, October 15, 2001 9:04 AM
To:	Leibman, Lara
Subject:	FW:

-----Original Message-----
From: Pedro Brantuas [mailto:pedro@san.rr.com]
Sent: Sunday, October 14, 2001 3:55 PM
To: Ze Marques Costa; Victor Camacho; Tom Herrington; Titia E Titio;
Thomas Klinect; Thomas Derosa; Shaun Alger; Roger Barrantes; Riff; Paul
Brantuas; Patty Camacho; Patti; Miguel Finete; Mary Canady; Martin
Bustos; Larry Young; Larry Levy; Kami Peters; Julia Brantuas Elbert;
John Dennis; Joe Bous; Joe Batista; Joao Brantuas; Jlacalli@aol. com;
Jennifer Haines; Jennifer Braught; Jennifer Bell; James Sims; Jaime
Levine; Helder Balelo; Fernando Caldeira; Erin Mclair; Enrique Morones;
Doug Rubin; Doris Suidan; Diversity Moder Aircraft; David Harris; Dama
Morales; Claudia Caldeira; Bryan Leibman; Bennie Townsend; Annamarie;
Anca; Ana Bier; Alex Camacho; Al; Jim Estrada; Ray Estrada; Ron/Roxana
Estrada
Subject:

------------------------------------------------------
>This is from Andy Rooney:
>
>Read all the way to the bottom! If you will take
>the time to read
>these. I promise you'll come away with an
>enlightened perspective. The
>subjects covered affect us all on a daily basis!
>They're written by
>Andy Rooney a man who has the gift of saying so much
>with so few words.
>Enjoy.......
>
>I've learned....
>That the best classroom in the world is at the feet
>of an elderly person.
>
>I've learned....
>That when you're in love, it shows.
>
>I've learned....
>That just one person saying to me, "You've made my
>day!" makes my day.
>
>I've learned....
>That having a child fall asleep in your arms is one
>of the most peaceful feelings in the world.
>
>I've learned....
>That being kind is more important than being right.
>
>I've learned....
>That you should never say no to a gift from a child.
>
>I've learned....
>That I can always pray for someone when I don't have
>the strength to help him in some other way.
>
>I've learned....
>That no matter how serious your life requires you to
>be, everyone needs a friend to act goofy with.
>
>I've learned....
>That sometimes all a person needs is a hand to hold
>and a heart to understand.
>
>I've learned....
>That simple walks with my father around the block on
>summer nights when I was a child did wonders for me as an adult.
>
>I've learned....
>That life is like a roll of toilet paper. The closer
>it gets to the end, the faster it goes.
>
>I've learned....
>That we should be glad God doesn't give us
>everything we ask for.
>
>I've learned....
>That money doesn't buy class.
>
>I've learned....
>That it's those small daily happenings that make
>life so spectacular.
>
>I've learned...
>That under everyone's hard shell is someone who
>wants to be appreciated and loved.
>
>I've learned....
>That the Lord didn't do it all in one day. What
>makes me think I can?
>
>I've learned....
>That to ignore the facts does not change the facts.
>
>I've learned....
>That when you plan to get even with someone, you are
>only letting that person continue to hurt you.
>
>I've learned....
>That love, not time, heals all wounds.
>
>I've learned....
>That the easiest way for me to grow as a person is
>to surround myself with people smarter than I am.
>
>I've learned....
>That everyone you meet deserves to be greeted with a
>smile.
>
>I've learned....
>That there's nothing sweeter than sleeping with your
>babies and feeling their breath on your cheeks.
>
>I've learned....
>That no one is perfect until you fall in love with
>them.
>
>I've learned....
>That life is tough, but I'm tougher.
>
>I've learned....
>That opportunities are never lost; someone will take
>the ones you miss.
>
>I've learned....
>That when you harbor bitterness, happiness will dock
>elsewhere.
>
>I've learned....
>That I wish I could have told my Dad that I love him
>one more time before he passed away.
>
>I've learned....
>That one should keep his words both soft and tender,
>because tomorrow he may have to eat them.
>
>I've learned....
>That a smile is an inexpensive way to improve your
>looks.
>
>I've learned....
>That I can't choose how I feel, but I can choose
>what I do about it.
>
>I've learned....
>That when your newly born grandchild holds your
>little finger in his little fist, that you're hooked for life.
>
>I've learned....
>That everyone wants to live on top of the mountain,
>but all then happiness and growth occurs while you're climbing
>it.
>
>I've learned ...
>That it is best to give advice in only two
>circumstances; when it is requested and
>when it is a life threatening situation.
>
>I've learned....
>That the less time I have to work with, the more
>things I get done.
>
>To all of you.... Make sure you read all the way
>down to the last sentence.
>
>It's National Friendship Week. Show your friends how
>much you care.
>Send this to everyone you consider a FRIEND, even if
>it means sending it back to the person who sent it
>to you. If it comes back to you, then you'll know
>you have a circle of friends.
>
>HAPPY FRIENDSHIP WEEK TO YOU!!!!!! YOU ARE MY FRIEND
>AND I AM HONORED!
>Now send this to every friend you have!! And to your
>family. This was sent to me.


---------------------- Forwarded by Christian Yoder/HOU/ECT on 12/07/2000
08:14 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Stephen Hall" <schall@stoel.com>                           12/06/2000
05:17 PM

To: cyoder@enron.com
cc:
Subject: Trading practices analysis

Christian,

Please forward the trading practices analysis to Elizabeth.  My e-mail to her
was returned.

Thanks.

Steve

NOTICE:  This communication may contain privileged or other confidential
information.  If you are not the intended recipient, or believe that you have
received this communication in error, please do not print, copy, retransmit,
disseminate, or otherwise use the information.  Also, please indicate to the
sender that you have received this email in error, and delete the copy you
received. Thank you.

Stephen C. Hall
Stoel Rives LLP
schall@stoel.com
tel: (503) 294-9897
fax: (503) 220-2480

 - Cal.Trading.DOC


I am sorry Ladies - But I cant see you guys this week.


Hi Carolyn,

Have we seen the security agreement yet?

Thanks,

Kay


This list is wrong.   Can you reconcile our headcount by functional group with this "incorrect" headcount.

 -----Original Message-----
From: 	Vandor, David
Sent:	Thursday, January 31, 2002 10:22 AM
To:	Presto, Kevin M.
Subject:	UBS Headcount

Could you both take a look at the headcount file I received and let me know if anybody is missing or if somebody is included in the wrong region?

Thanks,
David Vandor
x36306


Employee Name: Jerry Farmer
Report Name:   Daren Farmer
Report Date:   9/7/01
Report ID:     82C5AABDA37B11D5B43E
Submitted On:  9/7/01

Receipts for this expense report have not yet been received. If receipts have been mailed, please disregard this message.


This conference call is for a "status-check" on the Alberta pre-pay.

Both the US and Canada should call 1-888-422-7109
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