Mark:  How should we handle this?  In the past, I have provided Andrea
Bertone with Elizabeth Sager's latest (and evolving) physical trading forms
which Tozzini has used as a starting point.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 04/19/2000
05:12 PM ---------------------------

Sami Arap@ENRON_DEVELOPMENT
04/19/2000 02:43 PM
To: Rick Hopkinson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton@ECT
cc:
Subject: physical option - proposals, term sheets, pricing

FYI (just thoughts ...)
---------------------- Forwarded by Sami Arap/ENRON_DEVELOPMENT on 04/19/2000
05:50 PM ---------------------------

D'Arcy Carroll
04/19/2000 01:51 PM
To: Don Black/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Remi Collonges/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joao
Guimaraes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Luiz
Baccaro/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brett R
Wiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joao Carlos
Albuquerque/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sami
Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: physical option - proposals, term sheets, pricing

Group - we need to address the due diligence for executing the " first "
physical option transactions in Brasil and for Direct Sales ( and Wholesale
).  The initial industrial candidates are:

Owens Corning ( 1.6MWs firm ). 1 site,  peaking unit.  break-even R$182/MW -
5 year term
Carbocloro ( 10 MWs firm ). 1 site 3rd part re-sale(Copel) , monthly call
option. supplanting product sales, estimate minimum incentive strike R$
125/MW  - 3 or 4 year term,
O Globo. (1-3MWs) 2 sites, peaking units.  awaiting summary terms and
conditions.
White Martins (10-15MWs ).   8 sites (MG), intersite flexibility to adjust
product between sites and maximize energy re-sale.  3rd party re-sale
(Cemig). short-term capacity basis indutrial demand for gases short-term
variable price - 2 or 3 year

In all four cases, Enron is buying the right to buy power and all 3 are
executable in Q2/Q3.  We are expecting (hoping) to transact paying no premium
- with the focus on the strike price itself being the profitability incentive
to the customer.  However, we'll need to guage our pricing ability ( and
appetite from a book and risk control point of view ) for option length and
the forward curve, not to mention getting the terms and conditions into
reasonably standardized and legally binding contracts.

Wholesale. Am including Wholesale on the wire given both the synergies on
contracting and pricing and given the significant potential ( benefit and
opportunity to Enron's regional trading effort ) to launch the physical and
financial option product line into the commercial Wholesale effort.

Note:  Particularly to put options - how many LDCs would we expect to charge
us anything for our right to sell them power at R$30 or R$40/MWh ( or have
charged us  3-5 months ago for the right to sell closer to R$50-60.

We're having first sit down with Remi and Sami this afternoon, Wed Apr 19;
please shoot any/all additional inputs, insights.


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude16.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas16.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil16.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded16.pdf

Dec WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clz-qoz.pdf
Dec Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread     http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread     http://www.carrfut.com/research/Energy1/hof-hog.pdf
Dec Gas/Heat Spread     http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Feb Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hug-hog.pdf
Dec/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/huz-huh.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG16.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG16.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL16.pdf

Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606


1. Enron response to various PG&E gas matters (see Mike Day attachment below)
 Gas Receivables request of PG&E
 TURN/ORA Petition Diversion
2. Legislative Update
3. CRA On-Site Generation Language
4. Enron's Reponse to CDWR RFB (see attachment) [Other Parties Comments]
5. Cal PX Security / Collateral Update - Travis McCullough update
6. Bankruptcy News
7. Other

Please feel free to send me any updates or additions.

Jim


-----Original Message-----
From: 	Lohman, TK
Sent:	Friday, January 04, 2002 8:40 AM
To:	Mulligan, Amy; Schoolcraft, Darrell
Subject:	FW: Compression Gas

FYI!                       TK

 -----Original Message-----
From: 	Gay, Randall L.
Sent:	Friday, January 04, 2002 8:32 AM
To:	Lohman, TK
Subject:	RE: Compression Gas

tk:  we show we only actually scheduled 125,000 in december.  Richardson is taking the rest in Januaty, so we will be scheduling 21,447 a day jan 5th thru the 31st.  If you have any questions give me a call

Randy

 -----Original Message-----
From: 	Lohman, TK
Sent:	Thursday, January 03, 2002 4:57 PM
To:	Gay, Randall L.
Subject:	FW: Compression Gas

Randy, Stephanie asked me to send this to you.  Is this correct with your records?

TK

 -----Original Message-----
From: 	Mulligan, Amy
Sent:	Thursday, January 03, 2002 10:08 AM
To:	Lohman, TK
Subject:	Compression Gas

For December we should have scheduled 363289 to ECS.

We Scheduled 250000.

Therefore, as of the end of December, we still need to schedule an additional 113289.

So far 15000 was scheduled for 1/2/02 and 11000 will be scheduled for the 3rd.

I did not receive any official numbers this month as to how much we owed ENA for January, so that still needs to be figured out.

I hope this is what you need,
Amy


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 12/18/2000
Transaction Summary
External Transactions Today	3,280
Average Daily External Transactions (30 day Trailing Avg)	4,284
Total Life to Date Transactions	532,702

EnronOnline Daily % of Entity's Total Transactions for 12/18/00	Trans	Percent
Enron North America	2,605	74%
Enron Europe Limited	236	44%
Global Products	107	25%
Enron Metals	332	13%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	55%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,282,622,519
MTD	42,383,801,811
LTD	321,240,640,882
Average Daily Notional Value (30 Day Trailing Avg)	3,374,361,431

Notional Revenue from Physical Flows to Date	21,691,831,118

Counterparties, Users, and Products Offered
Counterparties having transacted to date	615
New Counterparties transacting for the first time today	3
Number of Products Offered Today	1,054
Total Number of External Users Logged on Today	3,239
Average # of External Users logged on (30 day Trailing Avg)	3,031


-----Original Message-----
From: 	"Engelhardt, Matthew" <maengelhardt@collinsbarrow.com>@ENRON
Sent:	Friday, January 25, 2002 2:54 PM
To:	Dorland, Chris; Dorland, Dan; 'Kbibby (E-mail); Max Zureski (CA - Calgary) (E-mail); Mike George (E-mail); Nate Dogg (E-mail); Colin Clements (CA - Calgary) (E-mail)
Subject:	FW: The Rules of Manhood

-----Original Message-----
From: Yee, Colin
Sent: Friday, January 25, 2002 9:01 AM
To: Alder, Doug; Bain, Stacy; Engelhardt, Matthew; Maxwell, Tara;
Simpson, Regan; Steinke, Nathan; Tymofichuk, Christin
Subject: FW: The Rules of Manhood

-----Original Message-----
From: Colin Yee [mailto:cmyee@home.com]
Sent: Thursday, January 24, 2002 10:26 PM
To: mandmmitton@shaw.ca; cmyee@collinsbarrow.com; Wes Giebelhaus
Subject: Fw: The Rules of Manhood

> The Rules of Manhood
>  >>>
>  >>> *  Thou shall not rent the movie Chocolat.
>  >
>  >>> * In Black Jack, always split aces  and eights. No arguments.
>  >
>  >>> * Under no circumstances may two men  share an umbrella...
>  >
>  >>> * Any man who brings a camera to a  bachelor party may be legally
> killed
>  >>> and eaten by his fellow  partygoers.
>  >
>  >>> * When you are queried by a buddy's wife,  girlfriend, mother,
> father, priest, shrink, dentist, accountant or  dog walker, you need
not
and
> should not provide any  useful information whatsoever as to his
whereabouts.
> You are permitted to  deny his very existence.
>
> * Unless he murdered someone in your  immediate family, you must bail
a
> friend out of jail within 12  hours.
>
> * You may exaggerate any anecdote told in a bar by 50  percent without
> recrimination; beyond that, anyone within earshot  is allowed to
> call,"Bullshit!". (Exception: When tryi
> ng to pick up  a girl, the allowable
> exaggeration rate rises to 400  percent.)
>
> * If you've known a guy for more than 24 hours, his  sister is off
limits
> forever.
>
> * The maximum amount of time  you have to wait for another guy who's
>>>
> running late is 5 minutes.  For a girl, you are required to wait 10
>minutes
> for  >>> every point of  hotness she scores on the classic 1-10 scale.
>
> * Bitching about  the brand of free beer in a buddies refrigerator is
>  >>> forbidden. You  may gripe if the temperature is unsuitable.
>  >
> * No man is ever  required to buy a birthday present for another man.
In
>  >>> fact, even  remembering a friends birthday is strictly optional.
>
> * Agreeing  to distract the ugly friend of a hot babe your buddy is
>  >>trying to hook up  with is your legal duty. Should you get carried
away
>  >with your  >>> good  deed and end up having sex with the beast, your
pal
> is forbidden to  >>speak  of
> it, even at your bachelor party.
>
> * Before dating a buddy's  ex, you are required to ask his permission
>  >and he, in return, is required to  grant it.
>  >
> * Women who claim they "love to watch sports" must be  treated as
spies
>>>
> until they demonstrate knowledge of the game and  the ability to pick
a
>  >Buffalo wing clean.
>
> * If a man's  zipper is down, that's his problem- you didn't see
>  >nothin'.
>
> * The universal compensation for buddies who help you move is beer.
>
> * A man must never own a cat or like  his girlfriend's cat.
>
> * Your girlfriend must bond with your  buddy's girlfriends within 30
>  >>> minutes of meeting them. You,  however, are not required to make
nice
>  >with her  >>> girlfriend's  significant dick-heads --- low-level
sports
> bonding is all  >>> the law  requires.
>
> * When stumbling upon other guys watching a sports  event, you may
>  >always ask the score of the game in progress, but you may  never ask
w
> ho's
>   >playing.
>  >
>  >>> * When your girlfriend/wife expresses  a desire to fix her whiney
> friend >>up with your pal, you may give her the  go-ahead only if
you'll
be
> able to  >>> warn your buddy and give him  time to prepare excuses
about
> joining the  >>> priesthood.
>  >
>  >>> * It is permissible to consume a fruity chick drink only when
you're
>  >>> sunning on a tropical beach... and it's delivered by a  topless
super
>  >model...and it's free.
>  >
>  >>> * A man in the company  of a hot, suggestively dressed woman must
> remain  >>> sober enough to  fight.
>  >
>  >>> * If a buddy is out numbered, out manned, or too drunk  to fight,
you
>  >>must jump into the fight. Exception: If within the last 24  hours
his
> actions  >>> have caused you to think, "What this guy needs is  a good
> ass-whooping",  >then  >>> you may sit back and enjoy.
>  >
>  >>>
> * Friends don't let friends wear Speedos. Ever. Issue closed.
>  >
>  >>> * Never hesitate to reach for the last beer or the last slice of
> pizza,  >>> but not both. That's just plain mean.
>  >
>  >>> * If  you compliment a guy on his six-pack, you better be
referring
to
>  >>his  beer.
>  >
>  >>> * Never join your girlfriend/wife in dissing a buddy,  except
when
> she's  >>> withholding sex pending your  response.
>  >
>  >>> * Never talk to a man in the bathroom unless you're  on equal
footing;
>  >>> either both urinating or both waiting in line. In  all other
> situations,  >a nod  >>is all the conversation you need.
>  >
>  >>> * If a buddy is already singing along to a song in the car, you
may
> not  >>> join him....
>  >
>  >>> * If fast dancing is  absolutely necessary, a man may NEVER raise
his
>  >>hands above shoulder  level ....
>  >
>  >>
> ;> * Before allowing drunken friend to cheat  on his girl, you must
> attempt  >>> one intervention. If he is able to  get on his feet, look
you
> in the eye,  >and deliver a, "F--- OFF!", you are  absolved of all
> responsibility.
>
> * The morning after you and a  babe who was formerly "just a friend"
>have
> carnal, drunken monkey sex, the  fact that you're feeling weird and
>  >>guilty is no reason not to nail her  again before the discussion
about
>  >what a big  >>> mistake it  was.
>
>
>


Attached is the latest data on the above:


Are we trading with the referenced counterparty?


Here's some stuff for us to discuss.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/11/2001 02:46
PM ---------------------------
From: Carlos Sole on 04/11/2001 02:43 PM
To: kay.mann@enron.com
cc:

Subject: Delta items

Need to get from you to forward to Lender's Counsel (through Carolyn):

- executed versions of letter agreement

- executed confidentiality agreement

- financial information on GE

- also, who here will field certain questions from Citibank concerning the
escrow agreement such as how monies are to be invested during escrow etc.

Carlos Sole'
Senior Counsel
Enron North America Corp.
1400 Smith Street
Houston, Texas 77002-7361

(713) 345-8191 (phone)
713 646-3393 (fax)


HI Susan-

I'm totally open the weekend of December 15th!? I'm sure events will come up
between now and then, but I'd love for you to come out if you're available!?
$99 is a great deal!

Loving my new place and my roommate is so much fun and so wonderful....How
are you doing?? last i heard you were juggling several men- i'd love to hear
more!? are you taking off any time around Christmas?? I'm not, so I'll be
here the whole time.....i've already wrapped my Christmas presents!? my goal
is to be totally done by this weekend so that I can relax and enjoy the
holidays and all the fun parties!?

write whenever you can!
love,
julie

At 08:57 AM 11/21/2000 -0600, you wrote:
Hey Julie,

Congratulations on the promotion, that's so exciting (I'm sure you've more
than earned it).

I just wanted to drop a line and see how work,? your new apartment/roommate
and Brendan are all doing.? All are wonderful I hope.? I realize this is
somewhat random, but I just found some great airfares from Houston to San
Diego ($99 each way!!!) and was wondering what you were doing the weekend
of Dec. 15?? I know this time of year is kind of crazy so I will totally
understand if you have holiday parties, etc. to attend.? Regardless, this
deal is good for travel through the end of February 2001, so....if it
doesn't look like it's going to work before the end of the year, maybe
could make a visit mid-January or February.

Have a great holiday weekend and I'll talk to you soon.

Susan


THE TRAVEL CLUB HAS TICKETS FOR THE UPCOMING RODEO PERFORMANCES.

AT 11:00 A.M. - 1:00 P.M. MARGARET DOUCETTE AND ZELDA PASCHAL WILL BE SELLING THESE TICKETS AT THE INFO-ZONE ON THE PLAZA LEVEL NEXT TO THE DOWN ESCALATOR TOMORROW, NEXT TUESDAY, WEDNESDAY AND THURSDAY.

TICKETS WILL BE SOLD IN EVEN LOTS ONLY PER PERFORMANCE, NO ODD NUMBERS PLEASE.  FIRST COME FIRST SERVED.

CASH OR CHECK WILL BE ACCEPTED.  TICKETS FOR RODEO PERFORMANCES ARE $12.00 EA.  CARNIVAL TICKETS ARE $50.00 PER BOOK A $98.75 VALUE AND AVAILABLE FROM HOUSTON LIVESTOCK SHOW & RODEO MEMBERS ONLY.

THERE ARE NO DIXIE CHICKS OR GEORGE STRAIT TICKETS.


I think the invoice was for between $20,000 and $30,000, but I can't
remember.  AEW has the invoice.  This probably will not be the final as we
will need to work with them in discussions with DERM on delaying the landfill
closure and in moving jurisdiction of the project from CZAB to the County
Commissioners.   I think Shutts & Bowen (who may get stiffed by their client
if this deal blows up) and Certosa Holdings would be open to any suggestions
and we need to renegotiate the option anyway.  Shall I call and suggest this
this flat fee for retooling the option agreement to them or shall we do it
together?  I,m not sure I could explain to them acequately the idiosyncrasies
of our accounting requirements.

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, May 23, 2001 2:00 PM
To: Krause, Greg
Subject: RE: AEW's backup

How much is it and should this be the final amount?  One thought I have is
that maybe we can retool the option agreement so that we pay them a flat fee,
which is enough to cover the expenditures.  Don't know if this works, but it
is one thought.  What do you think?

Kay

From: Greg Krause/ENRON@enronXgate on 05/23/2001 01:50 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: AEW's backup

One more thing on the SDEC project:  According to the option agreement we
executed last October, we agreed to reimburse Certosa Holdings for actual
third party costs that they incurred in support of our necessary
applications, submittals and in seeking local approval.  Several weeks ago,
we recieved an invoice from Shutts & Bowen, attorney for Certosa Holdings
requesting reimbursement pursuant to the contract.  I forwarded this invoice
on th Ann Elizabeth not necessarily to pay for but to review considering this
whole soft cost hard cost discussion.  I recieved another call this morning
from Shutts & Bowen asking about the invoice.  What should I do?
 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, May 23, 2001 11:03 AM
To: Krause, Greg
Subject: RE: AEW's backup

Greg,

You can call me on whatever you have, including Midway, SDEC and Medley
Dunn.  If I have a problem getting to something, I'll find help.

Kay

From: Greg Krause/ENRON@enronXgate on 05/23/2001 10:50 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: AEW's backup

Kay,

Ann Elizabeth did not provide a designated hitter for the South Dade Energy
Center (Dade Development Company LLC is Optionee, Certosa Holdings is
Optionor) nor did she provide one for tne Medley Dunn project.  I have been
told that the Dunns are considering backing off their ultimatums that they
gave Ann Elizabeth and I regarding taxes to the town and assumption of
enviromental liability.  Who do I talk to about the Dunn contract while Ann
Elizabeth is out?
 -----Original Message-----
From:  White, Ann Elizabeth
Sent: Tuesday, May 22, 2001 10:33 PM
To: gkrause@enron.com; Krimsky, Steven; Ben Jacoby/HOU/ECT@ENRON; Carnahan,
Kathleen
Cc: Milligan, Taffy
Subject: AEW's backup

Kay Mann is the designated hitter for the Pompano and Deerfied projects while
I'm on vacation.  I've given her a down load of the status of Greg and
Steve's projects.  Chris Boehler at A&K will be the designated hitter for
Midway.  I'm not going to check my voice mail while I'm gone but, if
necessary, here are the contact numbers while I'm gone.

Walter and Marlena Schilling  011-49-8218-89351 schilling.jun@freenet.de

Monika and Bernhard Steinacher 011-49-8232-8932 m.steinacher@schwabmuenchen.de

If you call, Walter and Bernhard and Bernhard's daughter, Susanne, speak very
good English.  Monika's isn't bad.  Marlena may get flustered and hang up on
you.

Best of luck at Deerfield and hope to see Pompano on track when I get back in
the office on June 11th.  Kay is planning on going to Florida on June 12 for
the moratorium hearing and the rezoning hearing.


left a message.  sense is likely won't release till post-press conference.
will keep trying.  jeff


Christian,
 The below documents has been modified in the manner that you suggested.
Please make sure that the Purchase Order Number is communicated to all
parties in writing prior to the end of the month if it is to be used.  The
red line should reflect  the changes that you have  been requesting.  By copy
I am requesting Janet Wallis to review the suggested changes and to
communicate directly with you if she approves such changes.  If she notifies
you that the changes are okay, then you may print 2 originals of the clean
document and have it signed by CPS and forward to Janet for signature by
ENA.  Do not hesitate to call if you have any questions.   My phone number is
(713) 853-6895.


Dan,

My credit customer is insisting on his confidentiality agreement for
financial statements.  Can you look at this and tell me what you think?

Thanks,
Brad
---------------------- Forwarded by Bradley Diebner/HOU/ECT on 08/17/2000
12:41 PM ---------------------------

"Byrne, Joe" <jbyrne@tngus.com> on 08/07/2000 04:07:00 PM
To: "'bradley.diebner@enron.com'" <bradley.diebner@enron.com>
cc:
Subject: confid Newark Group

Brad:

Sorry about the delay, but we have been moving some offices around.
 Here, actually, is our confid agreement.  Let me know if it looks
ok...if ok, sign and fax to me at 908-276-2888 and I will fed ex
statements out.

Regards,

Joe

908-276-4060 ext 266[[ CONFID~2.DOC : 5148 in CONFID~2.DOC ]]

 - CONFID~2.DOC


Start Date: 4/23/01; HourAhead hour: 6;  HourAhead schedule download failed.
Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042306.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 6 / Preferred:  29.00 / Final:  28.97)
  TRANS_TYPE: FINAL
  SC_ID: ARCO
  MKT_TYPE: 2
  TRANS_DATE: 4/23/01
  UNIT_ID: CARBGN_6_UNIT 1


Vince,

A reminder that I'm gone on Tuesday to Spearman.

Status of projects:

1.  Compound option for power structuring (Bernie, Edith Cross, Nick ?)
 Alex has finished the model.   Paulo has done some validation so we can
probably release it.
 This is will be used for an exotic book, so we may have to help with VAR
interface, etc.

2.  Followed up with Laine Borgman on DG contract.  We still need legal's
sign off.

3.  Left a message and email about Tom Barkley with Molly Magee and told Tom
that an offer would be coming by next week.


Notice No. 00-311
September 11, 2000

TO:
All NYMEX Members/Member Firms
All NYMEX Clearing Members
All NYMEX Floor Traders
All NYMEX Operations Managers

FROM: Neal Wolkoff, Executive Vice President

RE: Options Expiration Operational Procedures for the Trading Floor and
Clearing Members

The expiration date for the October 2000 options contract for Crude Oil
(LOV0) is Friday, September 15, 2000.

GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized
representative present at their normal work station promptly at 5:30 p.m.
until released by the Exchange staff as specified below.  All adjustments
and/or corrections, must be accompanied by relevant supporting documentation
prior to being incorporated into expiration processing, in essence making the
expiration processing an extension of the afternoon trade resolution
procedures.  All input to the NYMEX Clearing Department will conclude no
later than 30 minutes after floor representatives are released.

Exchange Clearing (299-2110), Floor Trade Correction (299-2068 and 299-2169)
personnel, as well as a representative of the Floor Committee will be
available to assist with the processing of notices of Exercise and
Abandonment, position transfers, trade corrections and other questions or
problems you may have.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

The Option Expiration process is a screen based process for which all
information is provided on the screens on C21 terminals. No Option Expiration
Reports will be provided. The following screens will assist you through the
Option Expiration process:

MEMBER TRADE INQUIRY
Contains real-time top day trade information, trade information for the
previous 4 business days and trades adjusted for the previous 4 business days
by adjustment date.

SINGLE POSITION MAINTENANCE
Contains a real-time snapshot for each option series from the start of day
position to the projected end of day position.

REVIEW ACCEPT REJECT TRANSFERS
Contains all trade and position transfers "TO" your firm and the status of
each transfer.

REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer "FROM" your firm and the status of
each transfer.

EXERCISE NOTICE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to exercise.

DO NOT EXERCISE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to abandon.

POSITION CHANGE SUBMISSION
PCS may be submitted either by manual input or by electronic transmission.
Any PCS input on a Clearing 21 terminal will be the input processed by the
system.  This input may be made at any time prior to 7:10 p.m.  Any PCS input
via transmission for that contract series will be disregarded.

ALL POSITIONS ARE DEEMED FINAL
Upon completion of all PCS input, all positions will be deemed final.

EXERCISE/ASSIGNMENT INFORMATION
Will be available to you on the Single Position Maintenance window by
contract series or the Assignment List window which contains all your
Assignments on one window. You will be notified of its availability by C21
E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS
input.

All Clearing Members are required to have an authorized representative(s) at
their C21 workstations in preparation for any communication during the
expiration process.

FAST FACTS
Clearing Members should call the Fast Facts information service 301-4871,
access code 700 for event messages advising Members of the event status.

E-MAIL
Clearing Members should read their C21 E-Mail messages immediately to be
aware of event status.

The standard event Fast Facts and/or E-Mail messages and the sequence in
which they will be announced are:

Standard Event Message: Announce Out-of-the Money Exercise and In-the-Money
Do Not Exercise Submissions
Approximate Time of Message Availability: 5:45 PM
Usual Event Time: 5:45 PM
Announced via Fast Facts

Standard Event Message: Announce Final Input to C21 Cutoff Time
Approximate Time of Message Availability: 6:55 PM
Usual Event Time: 7:10 PM
Announced via e-mail

Standard Event Message: All positions are deemed final
Approximate Time of Message Availability: 7:10 PM
Usual Event Time: 7:10 PM
Announced via Fast Facts

Standard Event Message: Announce Exercise/Assignment Information Available on
the Single Position Maintenance Windows
Approximate Time of Message Availability: 8:25 PM
Usual Event Time: 8:30 PM
Announced via Fast Facts and e-mail

Standard Event Message: All Report Distribution is completed
Approximate Time of Message Availability: 11:00 PM
Usual Event Time: 11:00 PM
Announced via Fast Facts

The times appearing in the Usual Event Time column are based on normal
operational conditions and could vary.

NYMEX EXPIRATION DAY PROCESSING OVERVIEW OF MEMBER REQUIREMENTS

Time: 5:30 PM
Activity: Exercise Notice Submission
Event: Input to C21 Cutoff Time
Reference Number: 1

Time: 5:30 PM
Activity: Do Not Exercise Submission
Event: Input to C21 Cutoff Time
Reference Number: 2

Time: 5:45 PM
Activity: Announce Out-of-the-Money Exercise and In-the-Money Do Not Exercise
Submissions
Event: Fast Facts Notice
Reference Number: 3

Time: 6:55 PM
Activity: Announce Final Input to C21 Cutoff Time
Event: C21 E-mail
Reference Number: 4

Time: 7:10 PM
Activity: Final Input to C21 Cutoff Time
Reference Number: 5

Time: 7:10 PM
Activity: All Positions are Deemed Final
Event: Fast Facts Notice
Reference Number: 6

Time: 8:25 PM
Activity: Announce Exercise/Assignment Information Available on the Single
Position Maintenance Windows
Event: Fast Facts Notice and C21 E-mail
Reference Number: 7

If you have any questions concerning these procedures, please contact Charles
V. Bebel at 299-2130, Angel Rivera at 299-2150 or Anthony Di Benedetto at
299-2152 prior to the expiration date.

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

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(00-311)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


It is not complete.  I'm happy I was honest with people and told them I received a retention to stay?.
There is another list, one that reflects traders bonus.  Rumors were that it was 800K average, 60MM disbursement.  It was ear tagged via Dynegy merger announcement, hence it didn't hit press.
Frank

 -----Original Message-----
From: 	Parks, Joe
Sent:	Monday, February 11, 2002 9:20 AM
To:	Hayden, Frank
Subject:

your famous, you made the list. I do believe it is incomplete. How are things?
http://salon.com/politics/feature/2002/02/08/enron_list/index.html


Praise the lord and pass the ammunition, Edison appears to agree with us in
opposing PG&E's petition.  Mike

-----Original Message-----
From: Anthony.Archer@sce.com [mailto:Anthony.Archer@sce.com]
Sent: Tuesday, December 12, 2000 10:35 AM
To: sesco-lf@att.net; kmccrea@sablaw.com; johnj@bradyberliner.com;
defrawis@efaches.navfac.navy.mil; rcsstl@cdmnet.com;
mbrubaker@consultbai.com; wcamp@mail.pnm.com; fspasaro@socalgas.com;
napedersen@jonesday.com; athomas@newenergy.com; mwynne@gridservices.com;
afinley@mwd.dst.ca.us; lisa_g_urick@calpx.com; douglass@arterhadden.com;
utilities@azusa.ca.gov; rjuels@scwater.com; burkee@cts.com;
dbb@sdcity.sannet.gov; jleslie@luce.com; pszymanski@sempra.com;
stan.marks@nrgenergy.com; mshames@ucan.org; jwalsh@sdge.com;
information@competisys.com; dkolk@compenergy.com; rboyd@enron.com;
btenney%landuselaw.com.@sce.com; dhmaynor@worldnet.att.net;
furutanj@efawest.navfac.navy.mil; chrisk@cellnet.com;
mdjoseph@adamsbroadwell.com; fosterbc@sce.com; lhubbard@sempra.com;
bfinkelstein@turn.org; yladso19@idt.net; jes@cpuc.ca.gov;
chrisw@greenlining.org; susan.brown@lif.org; imoosen@gralegal.com;
oshirock@pacbell.net; pxo2@pge.com; phanschen@mofo.com;
scarter@nrdc.org; rschmidt@bartlewells.com; chilen@llgm.com;
bloomje@la.whitecase.com; blunden@hotmail.com; mrostker@gmssr.com;
spbl@cwclaw.com; rgex@skjerven.com; mday@gmssr.com;
lindseyhowdowning@dwt.com; ssmyers@hooked.net; rochmanm@spurr.org;
rumla@earthlink.net; igsinc@ix.netcom.com; wbooth@booth-law.com;
mgomez1@bart.gov; askaff@energy-law-group.com; pjpowerlaw@aol.com;
steves@schiller.com; rbw@mrwassoc.com; difellman@energy-law-group.com;
dmarcus@slip.net; gmorris@emf.net; tomb@crossborderenergy.com;
brbarkovich@earthlink.net; pmcdonnell@txues.com;
mpretto@ci.santa-clara.ca.us; elozowicki@sjo.coudert.com;
bmcc@mccarthylaw.com; chrism@mid.org; bill@jbsenergy.com;
cmkehrein@ems-ca.com; pvermeulen@resis.com; lwhouse@el-dorado.ca.us;
cabaker@duke-energy.com; ed@clfp.com; mboccadoro@aol.com;
bob.burt@macnexus.org; abb@eslawfirm.com; pstohr@dbsr.com;
hylaw@pacbell.net; njohnson@ciwmb.ca.gov; kmills@cfbf.com;
conkling@up.edu; jcpaine@stoel.com; danmeek@teleport.com;
dws@keywaycorp.com; terrence.moran@pseg.com; bbarclay@kslaw.com;
dwmp@dwmpdc.com; tgaljhc@aol.com; fpc_ca@pacbell.net; dnorris@sppc.com;
dnelson@sppc.com; RASHORTZ@morganlewis.com; JOHNSONPAMELA@LACOE.EDU;
jsilva@edisonenterprises.com; jbarthrop@powersavers.com;
ewills@globalfrontiers.com; ppejh@west.net; aliciato@msn.com;
jxm@cpuc.ca.gov; saw@cpuc.ca.gov; esa.sf@esassoc.com;
sandreson@mofo.com; epoole@adplaw.com; jasonm@newsdata.com;
eke@aelaw.com; pbray@newpower.com; mathewtrask@earthlink.net;
ell5@pge.com; white@gsb.stanford.edu; rfigueroa@rhainc.com;
gtbl@dynegy.com; sia2@pwrval.com; honest@compuserve.com;
blaising@braunlegal.com; TWETZEL@THERMOECOTEK.COM; pprice@quiknet.com;
jdh@eslawfirm.com; jonathan.teague@dgs.ca.gov; braun@cmua.org;
ddavie@hesinet.com; mpa@aelaw.com; nancy.towne_smith@pacificorp.com;
josterberg@wwpco.com; ang@cpuc.ca.gov; ctd@cpuc.ca.gov; edf@cpuc.ca.gov;
dmg@cpuc.ca.gov; dot@cpuc.ca.gov; yee@cpuc.ca.gov; hms@cpuc.ca.gov;
jjj@cpuc.ca.gov; jsw@cpuc.ca.gov; jab@cpuc.ca.gov; jci@cpuc.ca.gov;
lss@cpuc.ca.gov; mdm@cpuc.ca.gov; mlc@cpuc.ca.gov; wsc@cpuc.ca.gov;
sfc@cpuc.ca.gov; shg@cpuc.ca.gov; scr@cpuc.ca.gov; wsm@cpuc.ca.gov;
dfukumot@energy.state.ca.us; kgriffin@energy.state.ca.us;
mmesseng@energy.state.ca.us; dhungerf@energy.state.ca.us;
LKristov@energy.state.ca.us; mjaske@energy.state.ca.us;
jtachera@energy.state.ca.us
Subject: Response by SCE to Petition by PG&E; and Response by SCE to ALJ
Ruling of 11/28, 12-11-00.

Attached is SCE's Response to Petition By PG&E For Modification of D.
97-10-087

and, Response of SCE to ALJ Ruling of 11-28-00, both in R/I 94-04-021/032.

These documents were filed and served yesterday, 12-11-00, and are being
sent today because of technical difficulties experienced yesterday by SCE.

Please contact me if you cannot access these documents.

Many thanks,

(See attached file: Response of SCE to Pet by PG&E.doc)(See attached file:
Document2_.rtf)

Information in the headers for this message suggest that it
may be spoofed and that its authenticity should be verified.

 - Response of SCE to Pet by PG&E.doc
 - Document2_.rtf


It is good airplane reading.


All,

The Infrastructure group has requested downtime for TAGG/ERMS for maintenance purposes from:

6:00 p.m. CST Saturday, November 17, 2001 to 9:00 a.m. CST Sunday, November 18, 2001

If you have any questions or concerns, please do not hesitate to contact me.

Thanks & regards,
Karima Husain
Project Manager, Gas Tactical
(713) 345-7252


---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
06/02/99 09:34 AM ---------------------------
To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara
Shackleton/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT,
Marie Heard/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT
cc:
Subject: Group Meetings

Our meeting for this morning will have to be canceled due to scheduling
conflicts.  Please make every effort to reserve this time slot (first and
third Wednesdays at 10:00) in the future for our group meetings.


Yes but no counterparty names.  Jay has it all.

 -----Original Message-----
From: 	Lavorato, John
Sent:	Wednesday, January 30, 2002 3:19 PM
To:	Kitchen, Louise
Subject:

Louise

Did we retain all the historical data from EOL.  We met some folks that can help us analyse it.


Jay,

We have priced ENA Cost of Funds into this deal - we will have Finance sign off on it first thing Monday morning.  We worked together with them to develop the calculation, so it should be a quick process.  Based on your email below, it sounds like it's fine to move forward and submit a preliminary, indicative bid as long as the response includes the appropriate conditions and contingencies with regards to the Master Agreement.

Thanks for your help,
Kelli
x5-3419

-----Original Message-----
From: Williams, Jason R (Credit)
Sent: Sat 10/20/2001 1:43 PM
To: Ward, Kim S (Houston); Little, Kelli; Hodge, Jeffrey T.
Cc:
Subject: NCPA

Kim, Kelli and Jeff -

I have taken a look at the Northern California Power Agency deal, and it looks pretty good from a credit standpoint.  We currently have some exposure to NCPA on the power side, but it rolls off by the end of the year, so I think that we can still get this deal done.  Some outstanding issues:

1.  We MUST have a Master Firm in place with NCPA to transact on this deal.  I can begin working on this, but I need to get NCPA's latest financial results to determine an appropriate collateral threshold for NCPA.  This shouldn't be a huge hurdle.

2.  We need to ask Jeff Hodge for his opinion with respect to NCPA transacting a deal of this tenor.  There are sometimes tenor limits placed on municipal entities to limit the term under which they are authorized to transact.  Jeff:  How do we research this issue?  NCPA has provided us a brief statement that indicates that "NCPA will work expeditiously to execute a definitive contract and has all the necessary approval authorities", but my feeling is that we need something a little more substantial than that.

3.  Kelli:  Have you spoken with Global Finance to price the embedded loan in this deal?

4.  Kim:  I don't think a credit reserve will be needed on this deal.

5.  Kim:  From the document that NCPA sent out, it appears that your Monday bid is preliminary and conditional.  We need to make sure that NCPA understands our requirements with respect to executing a Master.  Can your contact at NCPA help me get a copy of their latest financials so we can expedite that process?

6.  Kim:  ONE VERY IMPORTANT NOTE:  NCPA's credit ratings have remained solid throughout the California power crisis, for a number of reasons.  As such, I am pretty comfortable moving forward with this deal, given the above requirements.  However, if their financial results indicate some problems, we may need to include some stringent credit requirements in the Master.  I'm pretty sure that their results will look good, but this is a contingency to bear in mind as your prepare your bid.

Please give me a call with any questions.  Thanks,

JRW


you still here?

-----Original Message-----
From: Arnold, John
Sent: Monday, November 26, 2001 6:17 PM
To: Ward, Kim S (Houston)
Subject: RE:

good try at the lingo but an inappropriate usage due to the fact monday morning is when YOU'RE SUPPOSED TO WORK OUT.

-----Original Message-----
From: Ward, Kim S (Houston)
Sent: Mon 11/26/2001 4:01 PM
To: Arnold, John
Cc:
Subject: RE:

thanks for the look

 -----Original Message-----
From:   Arnold, John
Sent:   Monday, November 26, 2001 2:05 PM
To:     Ward, Kim S (Houston)
Subject:        RE:

I went already lazy

 -----Original Message-----
From:   Ward, Kim S (Houston)
Sent:   Monday, November 26, 2001 1:48 PM
To:     Arnold, John
Subject:

Did you go this morning?  If not, do you want to go after work?


-----Original Message-----
From: 	Will, Lloyd
Sent:	Tuesday, November 20, 2001 8:51 AM
To:	Black, Tamara Jae
Cc:	Rode, Tina
Subject:	FW: NERC Issues 2001/2002 Winter Reliability Assessment

TJ Please forward to all East Power staff.

Thanks.

 -----Original Message-----
From: 	"Heather Gibbs" <Heather.Gibbs@nerc.net> (by way of "Richard A. Bulley" <rab@maininc.org>)@ENRON
Sent:	Tuesday, November 20, 2001 8:44 AM
To:	bodplus@maininc.org; ocplus@maininc.org; ecplus@maininc.org; marketinterfaceplus@maininc.org
Cc:	lrj@maininc.org; ljk@maininc.org; per@maininc.org; rhg@maininc.org; tpg@maininc.org; rnm@maininc.org; djp@maininc.org; ndm@maininc.org
Subject:	NERC Issues 2001/2002 Winter Reliability Assessment

FOR IMMEDIATE RELEASE

Today NERC released its 2001/2002 Winter Assessment.  "Generating
resources will be adequate to meet projected electricity demand in North
America during the 2001/2002 winter season," says Michehl R. Gent,
President and CEO of the North American Electric Reliability Council
(NERC).  "Significant generation has been added in several NERC Regions
and available capacity margins are expected to be equal to or greater
than those projected for last winter in the majority of the NERC
Regions."

For your convenience, a copy of the press release announcing the
2001/2002 Winter Assessment is shown below.  A copy is also available on
the following NERC web site:
http://www.nerc.com/~filez/pressreleases.html

If you have any questions, let me know.

Sincerely,

Heather Gibbs

Contact: Ellen Vancko
Evancko@nerc.com

November 20, 2001

NERC Issues 2001/2002 Winter Reliability Assessment

Today NERC released its 2001/2002 Winter Assessment.  "Generating
resources will be adequate to meet projected electricity demand in North
America during the 2001/2002 winter season," says Michehl R. Gent,
President and CEO of the North American Electric Reliability Council
(NERC).  "Significant generation has been added in several NERC Regions
and available capacity margins are expected to be equal to or greater
than those projected for last winter in the majority of the NERC
Regions."

"Transmission systems in North America are also expected to perform
reliably," he added, "although some transmission congestion is expected
during the course of the winter."  According to the report, fuel
supplies, inventories, and deliveries are expected to be adequate this
winter.  Natural gas storage facilities are currently at levels 20
percent greater than the same time last year.

The report notes that the Pacific Northwest remains under a severe
drought condition that limits its ability to generate electricity from
hydropower resources, although reductions in customer demand are
sufficient to preclude the need for rotating blackouts.  California's
demand and resource situation has improved since last winter due to a
combination of increased resources and reduced demand.  California is
expected to have adequate capacity margins throughout the winter.

For a copy of the 2001/2002 Winter Assessment, visit NERC's web site at
(http://www.nerc.com).  NERC's web site also includes information on the
electric industry's electricity supply and delivery programs and
activities.

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

NERC is a not-for-profit company formed as a result of the Northeast
blackout in 1965 to promote the reliability of the bulk electric systems
that serve North America.  It works with all segments of the electric
industry as well as customers to "keep the lights on" by developing and
encouraging compliance with rules for the reliable operation of these
systems.  NERC comprises ten Regional Reliability Councils that account
for virtually all the electricity supplied in the United States, Canada,
and a portion of Baja California Norte, Mexico.


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 02/23/2001 04:04 PM -----

	William Stuart
	02/14/2001 05:17 PM

		 To: Sara Shackleton/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Tom
Moran/HOU/ECT@ECT, David Forster/Corp/Enron@Enron, Carlos
Alatorre/NA/Enron@Enron, Justin Rostant/HOU/ECT@ECT
		 cc:
		 Subject: Counterparty List & ISDA Agreements

I'm forwarding ECT Canada's top 15 counterparties. We will use this list with
the exception of J. Aaron, BP Amoco, PG&E, Morgan Stanley and Bank of
Montreal as our target list for the USD/CAD products. Please ensure that a
GTC is drawn up to allow EOL trading of these currency products. I would like
to have the legal work done by March 6 in order to meet Gary's deadline.

David: I talked to Goldman today. They have developed a mechanism to feed
live rates from their website into Excel. They will be here in 2 weeks to do
a demo.

W.Stuart

---------------------- Forwarded by William Stuart/HOU/ECT on 02/14/2001
03:31 PM ---------------------------

Jason Garvey
02/13/2001 02:59 PM
To: William Stuart/HOU/ECT@ECT
cc: Jonathan McKay/CAL/ECT@ECT
Subject: ISDA Agreements


Attached please find this weeks summary of the most  recent CFTC Commitment of Traders Data for Natural Gas.

Thanks,
Mark
 - CFTC-NG-1-22-02.doc


[IMAGE]
 Save 10% Speak No Evil, Hear No Evil Monkey Bikes...  One of the Hottest Gifts for Holiday 2001... Just enter the coupon code MQJ36GX6 in the checkout process to receive your discount.  Offer expires November 16, 2001.  Want to win your Fantasy League?  Our Fantasy Football Guides are the SOURCE for strategy, player ratings, scouting reports, team reports, projections and more!  A must have for beginners and Fantasy veterans alike.  Special in season price $9.99. Going Fast - Click Here!   Save $.05 a gallon on the gas that keeps your car's engine clean. Click here  to apply online.   Brought to you by   Sponsorship Bar You are receiving these e-reports because you have signed up for CBS SportsLine.com Fantasy Football.  To customize, reschedule, or turn off these reports please  click here    NFL Reports, Player Updates  [IMAGE]Latest NFL Player News  Chad Lewis , TE PHI - Thrill Kill Cult Updated 11/19/01 Lewis suffered a slight knee injury during Sunday's 36-3 win over Dallas. The injury isn't considered serious, however, and Lewis is expected to start this weekend's game against Washington.   Steve McNair , QB TEN - North Blvd Nutwhackers Updated 11/19/01 McNair was able to play with an injury to his right thumb, but the Tennessean says he will probably miss some practice time this week. He should still be able t! o ! play in the team's next game.   Packers , DT GB - Thrill Kill Cult Updated 11/19/01 Safety LeRoy Butler suffered a fractured left shoulder blade during Sunday's game against Atlanta. He is out indefinitely and could miss the remainder of the season. Chris Akins will likely take over the starting duties in Butler's absence.   Steve McNair , QB TEN - North Blvd Nutwhackers Updated 11/19/01 McNair was able to play with an injury to his right thumb, but the Tennessean says he will probably miss some practice time this week. He should still be able to play in the team's next game.  Az-Zahir Hakim , WR STL - Thrill Kill Cult Updated 11/19/01 Hakim left Sunday's game against New England with an ankle injury. X-rays were negative, and Hakim is listed as day to day.   Reggie Wayne , WR IND - Meximullets Updated 11/19/01 Wayne suffered a sprained knee on Sunday. His current status is day to day.  Rod Smith , WR DEN - oops, I did it again Updated 11/19/01 Smith (ankle) could not finish Sunday's game. His status for Thursday's game against Dallas is unclear.  Terance Mathis , WR ATL - North Blvd Nutwhackers Updated 11/19/01 Mathis has by far his best game of the season, catching seven passes for 70 yards against Green Bay. He suffered a mild concussion in the game, but he's expected to be fine for this weekend's contest at Carolina.   Jackie Harris , TE DAL - Free Agent Updated 11/1! 9/! 01 Harris suffered a strained right hamstring during Sunday's game against Philadelphia. He did not return to the contest, and is listed as day to day.   Frank Sanders , WR ARI - North Blvd Nutwhackers Updated 11/19/01 Sanders had a huge game against Detroit on Sunday, catching seven passes for 127 yards and a touchdown. He injured his hamstring in the game, however, and is listed as day to day.   Quincy Carter , QB DAL - Free Agent Updated 11/19/01 Carter feels as though his hamstring has healed eno! ug! h that he's ready to return to action. However, the Cowboys will start Ryan Leaf for a few more weeks before Carter gets his starting job back. The team wants to evaluate Leaf in a few games this season to determine if he'll have any trade value in the offseason.   James Jackson , RB CLE - The Snake Pit Updated 11/19/01 Jackson told the Cleveland Plain-Dealer it was a coach's decision not to use him against the Ravens. Jackson had been suffering from an ankle injury, but reports prior to gametime had indicated he might have been able to play. With the sudden emergence of Benjamin Gay, Jackson's Fantasy value might drop greatly.  Ryan Leaf , QB DAL - Free Agent Updated 11/19/01 Leaf had another terrible outing this weekend, but the Dallas Morning News is reporting that he'll remain the team's starting quarterback for the time being. However, he's no better than waiver wire fodder in Fantasy Football.   Kevin Lockett , WR WAS - Free Agent Updated 11/19/01 Lockett left Sunday's game against Denver in the first quarter due to a rib injury. His status for next week's game against Philadelphia is uncertain at this time.   Tony Banks , QB WAS - Free Agent Updated 11/19/01 Banks, who suffered a concussion during Sunday's game against Denver, told the Washington Post that there's a "definite possibility" he would be ready in time for next weekend's game against Philadelphia. Kent Graham would start if Banks is unable to play, but neither QB is an attractive Fantasy option against the Eagles.   Emmitt Smith , RB DAL - The Snake Pit Updated 11/19/01 Smith left Sunday's game against Philadelphia with a sprained knee. However, he is expected to be in the starting lineup when Dallas faces Denver on Thanksgiving Day.   Larry Foster , WR DET - Free Agent Updated 11/19/01 Foster suffered an apparent leg injury during Sunday's game against Arizona. He is listed as day to day.  Desmond Howard , WR DET - Free Agent Updated 11/19/01 Howard suffered a shoulder injury during Sunday's win over Arizona. He did not return to the game, and is listed as day to day.   Bert Emanuel , WR DET - Free Agent Updated 11/19/01 Emanuel suffered a knee injury during Sunday's game against Arizona. He is listed as day to day.   Muhsin Muhammad , WR CAR - Not So Nice Machine Updated 11/18/01 Muhammad sprained his left shoulder in Sunday's game against the 49ers. His status for the Week 11 game against Atlanta is unclear.  Mike Anderson , RB DEN - The Guzzlers Updated 11/18/01 Anderson rushed for only 31 yards on 13 carries against the Redskins. Olandis Gary carried the ball 10 times for 28 yards. It is apparent Anderson is no longer worthy of a starting spot on Fantasy teams, and Gary will continue to see some work at his expense.  Michael Westbrook , WR WAS - The Snake Pit Updated 11/18/01 Westbrook caught nine passes for 104 yards and a TD at Denver. Opposing defenses are focusing on rookie Rod Gardner, and Westbrook is getting open often after starting the year slowly.  Jake Plummer , QB ARI - oops, I did it again Updated 11/18/01 Plummer threw for 334 yards, four TDs and was intercepted once by Detroit. Such stellar performances are rare for Plummer, who may not have a better game this season.  Michael Pittman , RB ARI - Meximullets Updated 11/18/01 The awful Detroit defense limited Pittman to 81 rushing yards on 23 carries. Don't start Pittman in any upcoming weeks unless your team is very thin at RB..  David Sloan , TE DET - The Lie Downs Updated 11/18/01 Sloan caught two TD passes for a total of three yards at Arizona. If you are desperate for help at TE, consider Sloan, who always gets regular looks from Charlie Batch.  Lamont Warren , RB DET - Free Agent Updated 11/18/01 Warren rushed for 32 yards and a TD at Arizona and caught 11 passes for 64 yards and a score. The Lions will continue to feature Warren on third downs and near the goal line as a receiver, making him a good Fantasy backup for the rest of the year.  Warrick Dunn , RB TB - One Man Show Updated 11/18/01 Dunn caught 12 passes ! fo! r 138 yards against the Bears, but he rushed for only 12 yards and fumbled twice. Don't count on Dunn for consistently good Fantasy numbers during the next few weeks. He can be explosive, but he is also erratic.  Keyshawn Johnson , WR TB - The Lie Downs Updated 11/18/01 Johnson caught 12 passes for 89 yards against the Bears, but he failed to get in the end zone again. Don't depend on Johnson down the stretch unless your team is very thin at wideout.  David Terrell , WR CHI - One Man Show Updated 11/18/01 Terrell caught one pass for 15 yards at Tampa Bay. The rookie wideout is not consistent enough to start for most Fantasy teams.  Marty Booker , WR CHI - The Executioners Updated 11/18/01 Booker caught seven passes for 165 yards and three TDs at Tampa Bay. In his third season, Booker has become a superb Fantasy wideout. He is a player you must start every week, no matter what matchup he faces.   More Updates  Transactions, View  [IMAGE]     [IMAGE] Make Selection   [IMAGE]       [IMAGE] There are no League Transactions which meet the selected criteria.  To see all league transactions select "All", "All", "All Teams" from the Transactions, View page.      Schedule, Breakdown  [IMAGE][IMAGE]  Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com   FB10SP


At this point, yes, that's sort of how I feel about it.  Unless someone can
come up with some damned good reasons to do otherwise.


Hi out there,

Welllllllll !!!

What's the word?

Assume baby is here and you are all kicked back with nothing going on
(chuckle).

When you have time give me a call (again chuckle)

Ken

 - att1.htm


----- Forwarded by Jeff Dasovich/NA/Enron on 03/22/2001 10:32 AM -----

>

>
>  <<NewsRelease.Cohen.doc>>

 - NewsRelease.Cohen.doc


Attached for your review and approval are the press release announcing the
merger plan with Azurix and a Q&A document.  Both have been approved by Mark
Metts and Lance Schuler.  Pending signature of the merger agreement tonight,
we plan to release concurrently with Azurix before the market opens tomorrow
morning.

If you have any comments or changes, please call Mark Palmer at x34738 before
6 a.m. tomorrow.

Thank you.
Karen


Hi

Thanks for the good news - It pleases me to know end to be creating EEI
babies throughout the world - bandwidth is also using it. Hooray
Brenda should have sent a presentation I did that summarizes EEI - Hope its
helpful;avoid the DISASTER - it only applies in the US.
Also, Andy's article may be helpful.

Have a great weekend.


I understand all of those comparisons, however, the reality is if we lose Dean (which we will if we don't pay 65k + 10k), we will end up hiring a replacement at 75-80k.   This is pretty easy math for me.

I know it seems like a stretch, but the market for hourly traders is very strong right now.   I would like to get this done ASAP.

Thanks.

 -----Original Message-----
From: 	Melodick, Kim
Sent:	Monday, June 11, 2001 4:24 PM
To:	Presto, Kevin M.
Subject:	Mark  Dean Laurent follow up
Sensitivity:	Confidential

I am reviewing the request for an employment agreement renewal on Mark Dean Laurent.  Juan communicated some numbers to me and when reviewing this request would like to ask you to consider the following:

Current Salary: $47,500
Job Group:  Specialist
YE PRC Rating:  Satisfactory

Original Proposition:

Base Salary 65k
1 Year Agreement
$5,000 signing

Revised Proposal:

Base Salary:  55k
1 Year agreement
$5,000 signing
Business Case:  If we offered Dean 55k or  60k it would still constitute a over a $10,000 increase (approximately 25%) and taking into consideration he was rated as satisfactory at the specialist level.  Also, the top of the salary range for a specialist is 66k. It would still give him room to progress in the current job group should he not be promoted. Secondly, he will still out price performers that you have in the same job group that are excellent and strong performers respectively eg. Paul Thomas, Jason Choate, Todd DeCook and Peter Makkai.

Salary Listing in Job Group:

Maria Valdes   superior    $62,500
Paul Thomas   excellent   $55,008
Jason Choate  excellent   $60,008
Todd DeCook   strong      $42,008
Peter Makkai   strong      $47,500

Let me know your thoughts....then I will run it by Oxley.


Great.

From: Steve Hotte/ENRON@enronXgate on 04/26/2001 01:02 PM
To: Stanley Horton/Corp/Enron@Enron, Danny McCarty/ET&S/Enron@Enron, Philippe
A Bibi/ENRON@enronXgate
cc: Rod Hayslett/ENRON@enronXgate

Subject:  Enron Facility Services.

Enron Facility Services seems to be pleased with the work we are providing
them.  We are now discussing larger engagements.

 -----Original Message-----
From:  Johnson, Charley
Sent: Wednesday, April 25, 2001 3:45 PM
To: Abshire, Scott
Cc: Wendt, Richard; Pfendler, George
Subject:

Scott:

Richard did a great job in getting our six machines imaged and out the door.
I really appreciate how prompt he was in performing the work.

Thanks!

Charley Johnson
Enron Facility Services
500 Jefferson, Room 1726
Houston, Texas 77002
713-345-3809
713-962-3338 [cell]
cjohnso8@enron.com


The September Short Circuits summarizes installed capacity, demand, and market design information by NERC region.

Rita Hartfield
Phone:  713-853-5854
Fax:  713-646-4702
Cell:  713-504-5428
Rita.Hartfield@enron.com


Attached is the information you requested.  Feel free to call me if you have
additional questions or need any information for your offsite meeting.
503-464-8982


-----Original Message-----
From: 	Hodge, Jeffrey T.
Sent:	Monday, February 04, 2002 4:37 PM
To:	Bradford, William S.; Calger, Christopher F.; Cook, Mary; Davis, Angela; Haedicke, Mark E.; Keohane, Peter; Kitchen, Louise; Nemec, Gerald; Sager, Elizabeth; St. Clair, Carol; Taylor, Mark E (Legal); Vickers, Frank; 'bryan.murtagh@ubsw.com'
Subject:	Gas Master

All:

	In follow-up to my previous note, enclosed is a revised version of the Gas Master.  I have caught some obvious glitches with some of your help, but your further thoughts would be appreciated.  Also, I am attaching a new marked version which you should be able to open.

Thanks,

Jeff


Rick,

Congratulations. Well deserved.

Vince


Affiliate list for CP&L:(These are to be excluded from being considered an
affiliate for purposes of the EEI)
NCNG - North Carolina Natural Gas Company
FPC - Florida Power Corporation
Monroe Power Company
Richmond County Power, LLC
Rowan County Power, LLC
Desoto County Generating Company
Progress Power Marketing Inc.
Eastern Carolina Natural Gas Company, LLC
Electric Fuels Corporation
Progress Telecommunications Corporation

Kendal Bowman
Associate General Counsel
Progress Energy
P.O. Box 1551
Raleigh, NC  27602
(919)546-6794
kendal.bowman@pgnmail.com

-----Original Message-----
From: Carol.St.Clair@enron.com [mailto:Carol.St.Clair@enron.com]
Sent: Tuesday, May 22, 2001 1:18 PM
To: kendal.bowman@pgnmail.com
Subject: Status

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 05/22/2001 12:16 PM -----

                    Carol St

                    Clair                To:     Kendall.Bowman@pgnmail.com

                                         cc:

                    05/22/2001           Subject:     Status

                    12:06 PM

Kendal:
I am still waiting to hear back from  my credit folks on the open credit
issues.  Any update from you?  Can you send to me your affiliate list?

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


10 am Houston time?

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

	"Jain, Adarsh" <JAINA@coned.com>
	01/26/2001 08:05 AM

		 To: "Barrett, Peter J." <BARRETTP@coned.com>, "Douglas, Patricia M."
<DOUGLASP@coned.com>, "Dooley, Sylvia V." <DOOLEYS@coned.com>,
"'emoser@milbank.com'" <emoser@milbank.com>, "'esanford@milbank.com'"
<esanford@milbank.com>, "'samantha.boyd@enron.com'"
<samantha.boyd@enron.com>, "'janelle.scheuer@enron.com'"
<janelle.scheuer@enron.com>, "'sara.shackleton@enron.com'"
<sara.shackleton@enron.com>
		 cc: "Forte, Michael" <FORTEM@coned.com>, "Rozmus, Gary" <RozmusG@coned.com>,
"Lubling, Chanoch" <LUBLINGC@coned.com>, "Irwin, Peter" <IrwinP@coned.com>,
"Jain, Adarsh" <JAINA@coned.com>
		 Subject: Conference Call

 A conference call has been set up for 10:00 AM today to further
discuss the issues and to reach a resolution.

 The dial in number is : 1-800- 851-1766

 Participant Code is: 576306

 Thank you very much.


Edison filed A.00-05-027, its applications to divest its remaining SO2
credits, on May 15, 2000.  ORA protested on June 30, and Edison and ORA
worked out their differences and filed a joint recommendation on October 2.
According to the joint recommendation, which I will fax over to you,
Edison's original proposal was to auction off its SO2 credits.  The joint
recommendation accepts the auction approach, except that if no bids are
received for some credits, then those credits will be retained within the
regulated utility, and any future net proceeds will be credited to
ratepayers.  It appears that Edison's original proposal would have
transferred such no-bid credits to an unregulated affiliate at zero cost.
The joint recommendation also states that any no-bid credits retained by the
regulated utility will be deemed to have been market valued, and will have a
zero market value for purposes of determining transition costs.
No Commission decision has been issued on this matter.  No decision in this
matter appears on the Commission's agenda for March 15.  I can follow up on
the status and likely date of decision if you like.
Other than the joint recommendation I am about to fax to you, the only other
documents filed in this case were Edison's application and ORA's protest.
Please let me know if you would like a copy of either of them.
Brian


Sorry -- I was not cleaqr. I am after the company's value in the olden days
when Ken appeared on the scene and you guys were still a small pipeline. My
recollection is that something like $2 billion is the number, but I could be
way off. What I am hoping to be able to say is that those investors who
bought in at that long-ago time and stayed in have had their investment
quintuple. Right?


Ken

Further to my voice-mail and the notes below, my view is that an effective
Chinese Wall would obviate the need to check on whether we are holding
confidential info on a reference entity, but we'd appreciate your advice on
this.  I suspect Bryan wants to be personally protected against insider
dealing allegations which could otherwise arise, but please confirm.

Thanks

Paul
---------------------- Forwarded by Paul Simons/LON/ECT on 07/03/2000 18:54
---------------------------
From: Mark Taylor on 07/03/2000 12:13 CST
To: Paul Simons/LON/ECT@ECT
cc:

Subject: Re: Credit

Any idea what Bryan plans to gain this way?  It's not clear to me that a hard
wall solves our problems with RE approvals but that's because I don't know.
Maybe Ken can shed some light on this.

Paul Simons
03/07/2000 08:01 AM
To: Mark E Haedicke/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
cc:
Subject: Credit

FYI, there apppears to have been a sea change in Bryan's attitude to having a
hard Chinese wall for his trans-atlantic credit trading group.  In short, he
wants to be behind one and apparently John Sherriff is comfortable with
this.  I have therefore asked Ken Raisler to advise us on how to construct a
Chinese Wall from a practicle, US perspective, with the intention of having
Sanjev at Slaughters modify the "instruction kit", as necessary, to work
under English law.  Given Ken's involvement on equity trading, he appears to
be the right place to start.  There remains the possibility that when the
traders see the procedures they will change their minds and wish to stick
with the existing procedures you have seen.

This will not impact launch of credit trading online which, as advised, is
still set for tomorrow.

Please let me have any thoughts on this.

Regards

Paul


Thanks for your response.  Brian Dawson had them.
FYI...per Brian's question/suggestions I will be implementing a file check
out policy procedure for our files that will help control their whereabouts.
Starting with the E-schedules and tax files there will be an additional
hanging file folder inside the cabinet with sign out forms inside.  Everyone
will be expected to govern themselves accordingly for file usage.  Thanks for
your cooperation.

Dana

From: Brian Schwertner@ENRON on 01/31/2001 10:09 AM
To: Dana Davis/HOU/ECT@ECT
cc:
Subject: Re: E-Schedules

i do not have them.

	From:  Dana Davis @ ECT                           01/31/2001 09:37 AM

To: Brian Schwertner/NA/Enron@Enron, Rosalyn Lum/Corp/Enron@Enron, Lisa
Best/Corp/Enron@Enron, Lisa King/HOU/ECT@ECT, Kristi
Fredericks/NA/Enron@ENRON, Laynie East/HOU/ECT@ECT, Susan
Rance/NA/Enron@Enron, Stacy Hardy/Corp/Enron@ENRON, Brian K
Dawson/NA/Enron@ENRON, Dana Davis/HOU/ECT@ECT, Tammy Barta/HOU/ECT@ECT,
Rufino Doroteo/HOU/ECT@ECT, Brad Carey/NA/Enron@Enron, Stephen
Wolfe/HOU/ECT@ECT
cc:

Subject: E-Schedules

Who has the E-schedules for co. 1n2 and 272?  Marnie is looking for them and
the aren't in the file cabinet.  Call me and I'll take them to her.

Thanks.

Dana


OK - forget the prior list I sent!  It really WAS from 1998.  Attached is a
real live current version which can be expanded.  Sara


Hunter,

Attached file summarizes our conversation today.  Please let me know if I miss anything.  Best regards, Virawan


Does anyone find it interesting that we've heard nothing but silence from
Dennis and Tino?  I suspect that their big meeting with DOE on the 25th
didn't go so well.  If you hear anything let me know, otherwise I'll try to
get ahold of Tino sometime next week to find out what DOE said.  DF


In his comments, Hoecker asks Congress to give FERC retroactive refund
authority.  By the way this article is wrong about the refund effective
date.  The current refund effective date is 60 days from the date FERC's
order was published in the Federal Register.  It was pushed on August 30, so
if in a future order the Commission were to require refunds, they would be
calculated beginning October 29th.
---------------------- Forwarded by Mary Hain/HOU/ECT on 10/05/2000 11:43 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Ronald Carroll" <rcarroll@bracepatt.com>
10/05/2000 07:51 AM

To: <mary.hain@enron.com>, <smara@enron.com>,
<seabron.adamson@frontier-economics.com>, <cfi1@tca-us.com>
cc:
Subject: Electric Power Plus Article re FERC Chairman Hoecker's Congressional
Testimony

Law changes needed for retroactive refunds

FERC'S Hoecker Asks Congress For Broader Authority
_______________________________________________
Date: October 2, 2000 -

FERC Chairman James Hoecker (D) told a congressional panel that the
commission needs retroactive ratemaking authority to better guard against
market power in a competitive environment. Hoecker also urged the congressmen
to give the commission broader authority to sufficiently oversee the utility
industry's transition to competition.

Hoecker's plea to Congress may not be a welcomed one for California, where
some state officials want the commission to order refunds to customers after
prices in the wholesale market skyrocketed to unprecedented levels this
summer. Although Hoecker has informed California that the commission will
consider refunds as a part of its larger investigation into the state's bulk
power markets, it is clear that currently, the commission does not have that
authority to do so retroactively.

"The [Federal Power Act] would have to be changed," a FERC staffer says.

For its own study -- which began in August -- Hoecker claimed that the
commission, if proven necessary, would consider ordering refunds if market
participants were indeed price gouging. However, the Federal Power Act (FPA)
-- the law that gives the commission much of its authority -- does not
consider retroactive refund authority and clarification of that law is
probably needed to see if the commission can do that.

"If we need to fix market rules or market structures within our jurisdiction,
we will do so," Hoecker told the House Committee on Government Reform Sept.
21. "If market power is being exercised, we will respond accordingly, by
revoking or modifying market-based rates or reassuring the basis upon which
we grant them. We may order refunds to the extent allowed by the FPA, if
refunds are justified by record evidence. However, the FPA defines the
commission's authority, and leaves responsibility for many helpful measures
with California (and other states)."

Currently, the FPA allows the commission to issue refunds for transactions
made 60 days after the commission initiates an investigation, which in this
case would be Oct. 13. However, the law makes no mention of retroactive
ratemaking, and FERC officials admit that to do so, the law needs to be
changed.

"Based upon what I know, the authority of the commission to issue refunds for
any period before 60 days following our [investigation] order is highly
problematic," Commissioner William Massey (D) told Electric Power Alert.
"There are very good arguments that if FERC would try to do that, it would be
unlawful and we would need legislation to do that."

The Government Reform Committee, chaired by Rep. Dan Burton (R-IN), held a
mid-afternoon Sept. 21 hearing to gauge what is being predicted to be a
severe energy crisis this winter. The committee heard testimony from Hoecker,
Energy Secretary Bill Richardson, and Environmental Protection Agency (EPA)
Administrator Carol Browner.

Much of the hearing focused on natural gas and oil markets, but both
Richardson and Hoecker used the meeting as a forum to blast Congress for
failing to pass comprehensive restructuring legislation this year. Richardson
expressed his "disappointment" that nothing passed, while Hoecker claimed
that FERC needs broader authority if it is to guard against market power.

"Congress should place all electric transmission in the continental United
States under the same rules for non-discriminatory open access and comparable
service," Hoecker said. "The commission's open access rules are not binding
on the part of the nation's transmission system . . . owned or controlled by
entities other than public utilities. Open access over the facilities of
public power and other non-public utilities would promote greater competition
in wholesale markets, by expanding trading opportunities for wholesale buyers
and sellers."

Hoecker pointed to FERC's investigation into bulk power markets and
California's energy crisis and claimed that unless the commission receives
clear legislative direction, FERC will extremely limited in what it could do
to solve the market problems.

"Congress, too, has a role to play in ensuring that consumers are able to
obtain the energy they need at reasonable prices," Hoecker said. "Most
critically, events this summer demonstrate the urgency of enacting
electricity legislation to help resolve remaining impediments to competition.
Federal legislation can establish the ground rules that will lead to adequate
investment in generation and transmission facilities, and higher levels of
reliability which is crucial to the digital economy."

The chairman also urged Congress to give FERC the authority to mandate
regional transmission organization participation and mandate reliability
standards. Currently, the House is considering a bill that would make the
commission a federal backstop for reliability, but most congressional sources
do not expect the bill to pass (see related story).

_source: Electric Power Alert
_date: October 2, 2000
_issue: Vol. 10, No. 20
_title: FERC's Hoecker Asks Congress For Broader Authority
, Inside Washington Publishers


Ok for me


FYI:  Morse is a very popular opinion, general interest columnist.

Best,
Jeff

	Janel Guerrero
	03/30/2001 11:24 AM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT,
Leslie Lawner/NA/Enron@Enron, Susan M Landwehr/NA/Enron@Enron
		 cc:
		 Subject: SF columnist's dig at Enron

In today's SF Chronicle, Rob Morse's column:

		Pac Bell Park has reopened with a lot fewer dot-com ads on the walls. But
what's that ad on the scoreboard? In big letters it says "Enron." It's nice
to see the Houston power company giving a little back for all the billions
it's been gouging us.


ESTIMATED ACTUALS

March 30, 2001

     No Flow

March 31, 2001

     No Flow

April 1, 2001

     Teco Tap       35.000

When I receive the actuals from Duke I will forward them to you.


Not interested.


---------------------- Forwarded by Chris Germany/HOU/ECT on 02/01/2001 03:25
PM ---------------------------

	From:  Chris Germany                           02/01/2001 12:22 PM

To: Rebecca W Cantrell/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Judy
Townsend/HOU/ECT@ECT
cc:
Subject: Trco Backhaul Rates

I left a message for the manager of Transco's Rates Department to call me.
If I'm reading this correctly, the forwardhaul and the backhaul commodities
are the same now.  In Jan, the "true backhaul" rate from Zone 6 to Zone 4 was
$.0448 plus surcharges, today its $.3037 plus surcharges.  We actually did
some deals based on the backhaul rate of $.0448 for the summer.

I suppose its too late, is there anyway this could be postponed until
October, after the summer period?

Media Inquiries: Chris Stockton
                 (713) 215-2010
Other Inquiries: Rate Dept. 1-800-248-0404, Option #7January 29, 2001

To:  Transcontinental Gas Pipe Line Corporation Customers and
Shippers

Re:  FT and IT Rates effective February 1, 2001

On January 24, 2001, the Commission issued an order in Docket
Nos. RP97-71-020 and RP97-71-021 which, among other things,
approved the pro forma tariff sheets included with the filing.
The Commission's order also directed Transco to file actual
tariff sheets to be effective February 1, 2001.  Transco intends
to file the revised tariff sheets with the Commission on February
1, 2001.  If accepted as proposed, outlined below for your
convenience are Transco=s Rate Schedule FT and IT rates effective
February 1, 2001.

Summary of Rate Schedule FT Demand Maximum Rates
(Excluding Surcharges)

Demand Rates ($/Dt)
                              Del. Zone

          Zone 1   Zone 2   Zone 3   Zone 4   Zone 5   Zone 6
Rec. Zone

Zone 1    2.1284   2.7625   3.6820   7.0221   9.4933   10.8315
Zone 2    2.7625   2.2262   3.1457   6.4858   8.9570   10.2952
Zone 3    3.6820   3.1457   2.5116   5.8517   8.3229    9.6611
Zone 4    7.0221   6.4858   5.8517   4.9322   7.4034    8.7416
Zone 5    9.4933   8.9570   8.3229   7.4034   4.0633    5.4015
Zone 6   10.8315  10.2952   9.6611   8.7416   5.4015    2.9303

Zone 4A (Mobile Bay) Demand Rate   $2.4072

Commodity Rates (cents/Dt)
                              Del. Zone

          Zone 1   Zone 2   Zone 3   Zone 4   Zone 5   Zone 6
Rec. Zone

Zone 1    0.24     0.50     0.75     1.86     2.74     3.20
Zone 2    0.50     0.30     0.55     1.66     2.54     3.00
Zone 3    0.75     0.55     0.29     1.40     2.28     2.74
Zone 4    1.86     1.66     1.40     1.15     2.03     2.49
Zone 5    2.74     2.54     2.28     2.03     0.92     1.38
Zone 6    3.20     3.00     2.74     2.49     1.38     0.50

Zone 4A (Mobile Bay) Commodity Rate   0.34

Summary of Rate Schedule IT Commodity Maximum Rates
(Excluding Surcharges)

Commodity Rates (cents/Dt)
Del. Zone

          Zone 1   Zone 2   Zone 3   Zone 4   Zone 5   Zone 6
Rec. Zone

Zone 1    06.37    08.72    12.00    24.10    33.10    37.96
Zone 2    08.72    06.76    10.04    22.14    31.14    36.00
Zone 3    12.00    10.04    07.69    19.79    28.79    33.65
Zone 4    24.10    22.14    19.79    16.51    25.51    30.37
Zone 5    33.10    31.14    28.79    25.51    13.41    18.27
Zone 6    37.96    36.00    33.65    30.37    18.27    09.27

Zone 4A (Mobile Bay) Commodity Rate   7.39

For additional information please contact your Customer Service
Representative or Rate Department Representative.

Charlotte Hutson
Manager - Rate Department
(713)215-4060


BammelYoungFamilies

--------------------------- ListBot Sponsor --------------------------
Start Your Own FREE Email List at http://www.listbot.com/links/joinlb
----------------------------------------------------------------------

-----Original Message-----
From: Koscinski, Chris J
Sent: Thursday, April 19, 2001 2:31 PM
To: Pettit, James D; Pettit, Jared L; Neely, Chad A; Mccalister, Mike
Subject: FW: Center of the Bible

-----Original Message-----
From: 	Wayne Sheppard [mailto:wsheppard@houston.rr.com]
Sent:	Wednesday, April 18, 2001 10:27 PM
To:	Chris Koscinski; Louis Booth; David Schraudt; Catherine Frank; Diane
Miller; Bell (work); Mike Schmulbach; Patricia Escobar; Cheryl Saiz; Paul
Fruia; Sheryl Nolan; Julie Rodriguez; Zack Saiz; Jeff Showers; Phil
Sparkman; Rey Organo; Rod & Tanya Chapman; Patricia Hines; Jennifer Hughey;
Paula Sheppard; Kim Trent; Bob Messer; Lori W(work); James and Ethel Nimene;
Lisa Hackett; Dennis(home); Richard Haines; Fred Hackett; Johnna Thompson;
Suresh Chainani; Alan Woods; Jeremy Goodell; David Lacey; Nicole Thompson;
Michael Thompson; Joe Karraker; Raymond  and Shirley Budewig; Ed & Robin
Rogers; James & Shirley Bain; David Gulley; Kernie Baker; Chad Neely; Steve
Mittanck
Subject:	Fw: Center of the Bible

----- Original Message -----
From:	GnGHerr <cleere@cooke.net>
To:	Ray&Becky Rumley <ray76245@gte.net>; Rose Schmidlkoffer
	<rose_sews@hotmail.com>; Luke Powell <speedskater46@aol.com>;
Charlotte
	Powell <SPEEDSKATERMO@aol.com>; Tony and Bunny Marr
<marrftal@bbtel.com>;
	James Klement <sjklement@hotmail.com>; Lori Lee Huchton
	<lkleme01@sprintspectrum.com>; Laurie Herr <jlnsons@konnect.net>;
Eve Herr
	<eveherr@swbell.net>; Leanne Hacker <lhacker@ntin.net>; Todd Davis
	<rtdavis@quixnet.net>; Patty Davis <Pdavis@mhmrabv.org>; Jean & Bill
Brown
	<billandjean@vzinet.com>; Joe & Michele Best <josephbest@msn.com>;
Imogene
	Dean <blanddean@aol.com>
Sent:	Wednesday, April 18, 2001 5:36 PM
Subject:	Fw: Center of the Bible

-----Original Message-----
From:	Tara Webster <tj_aggies@hotmail.com>
To:	webster@flash.net <webster@flash.net>; cleere@cooke.net
<cleere@cooke.net>; MScott@NGPTRS.com <MScott@NGPTRS.com>;
basketballchick13@excite.com <basketballchick13@excite.com>; alic07@aol.com
<alic07@aol.com>; ANH83@aol.com <ANH83@aol.com>; flowrgurl5@aol.com
<flowrgurl5@aol.com>; SummerFurler@aol.com <SummerFurler@aol.com>;
baylorchick01@aol.com <baylorchick01@aol.com>; bugz@airmail.net
<bugz@airmail.net>; jo_lee2003@hotmail.com <jo_lee2003@hotmail.com>;
kfisham@juno.com <kfisham@juno.com>; lch516@juno.com <lch516@juno.com>;
snodgrl@hotmail.com <snodgrl@hotmail.com>; lhacker@ntin.net
<lhacker@ntin.net>; lucym2911@aol.com <lucym2911@aol.com>; ryanv@hesston.edu
<ryanv@hesston.edu>; frog2001@juno.com <frog2001@juno.com>;
uwish02@hotmail.com <uwish02@hotmail.com>; vlightbulb@aol.com
<vlightbulb@aol.com>; welavo@hotmail.com <welavo@hotmail.com>
Date:	Wednesday, April 18, 2001 5:09 PM
Subject:	Center of the Bible

>
>
>
>>
>>I thought you would find this pretty intresting. Maybe you have seen it
>>before but i never had.
>>
>>
>>>> > >> >>> >> > Center of the Bible
>>>> > >> >>> >> >
>>>> > >> >>> >> >
>>What is the shortest chapter in the Bible?
>>(Answer - Psalms117)
>>>> > >> >>> >> >
>>What is the longest chapter in the Bible?
>>(Answer - Psalms 119)
>>>> > >> >>> >> >
>>Which chapter is in the center of the Bible?
>>(Answer Psalms 118)
>>>> > >> >>> >> >
>>Fact: There are 594 chapters before Psalms 118
>>>> > >> >>> >> >
>>Fact: There are 594 chapters after Psalms 118
>>>> > >> >>> >> >
>>Add these numbers up and you get 1188
>>>> > >> >>> >> >
>>What is the center verse in the Bible?
>>(Answer - Psalms 118:8)
>>>> > >> >>> >> >
>>Does this verse say something significant about
>>God's perfect will for our lives? The next time someone says they would
>>like to find God's perfect will for their lives and that they want to be
in
>>the center of His will, just send them to the center of His Word!
>>>> > >> >>> >> >
>>>> > Psalms 118:8 (NKJV)
>>                 "It is better to trust in the LORD than to
>>                  put confidence in man."
>>
>>Now isn't that odd how this worked out
>>(or was God in the center of it)?
>>
>
>_________________________________________________________________
>Get your FREE download of MSN Explorer at http://explorer.msn.com
>
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 -----Original Message-----
From: 	"BNA Highlights" <bhighlig@bna.com>@ENRON
Sent:	Monday, November 26, 2001 11:17 PM
To:	BNA Highlights
Subject:	Nov. 27 -- BNA, Inc. Daily Labor Report

______________________________

DAILY LABOR REPORT
Highlights & Table of Contents
November 27, 2001
______________________________

ISSN 1522-5968

__________

HIGHLIGHTS
__________

HIGH COURT CONSIDERS FEDERAL RULE TOLLING STATE LAW
LIMITATION PERIODS

The U.S. Supreme Court hears oral arguments in a case
examining the constitutionality of a Federal Rule of Civil
Procedure that tolls the statute of limitations in a state
law claim while a related action is brought in federal court
("Raygor v. Regents of the Univ. of Minn.,  "U.S.,  No.
00-1514,  "oral argument", 11/26/01 ).

Lance Raygor and James Goodchild, former employees of the
University of Minnesota, ask the justices to overturn the
Minnesota Supreme Court's January 2001 ruling finding
unconstitutional a state appeals court's decision that the
lower court's application of 28 U.S.C. Section  1367(d),
part of the federal supplemental jurisdiction statute, was
barred by sovereign immunity under the 11th Amendment to the
U.S. Constitution because it impermissibly prolonged the
state's exposure to liability.  The university, however,
urges the justices to affirm, arguing that Section 1367(d)
is unconstitutional. . . . Page AA-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9p5m6_

SUPREME COURT DECLINES TO REVIEW APPEALS COURT RULING ON
SUBCONTRACTING

The U.S. Supreme Court declines to review an appeals court
decision that a ready-mix concrete company violated the
National Labor Relations Act by selling its trucks and
hiring independent contractors to perform delivery work
without first bargaining to impasse over the issue
("Naperville Ready Mix Inc. v. NLRB, "U.S., No. 01-280,
"cert. denied" 11/26/01). The owner of Naperville Ready Mix
Inc. and two related companies announced during contract
negotiations with International Brotherhood of Teamsters
Local 673 that he wanted to sell the delivery trucks to
owner-operators. The owner supplied the financing, did not
require any down payment, required buyers to give first
priority to Naperville's hauling needs, restricted
purchasers from working for competitors, sold subsidized
fuel, provided truck repair services, and allowed free truck
storage on site.

The Seventh Circuit in March 2001 upheld the National Labor
Relations Board's ruling that the plan to shift delivery
work from employee drivers to subcontractors was a mandatory
subject of bargaining. The change to using subcontract
haulers was motivated by a desire to save on labor costs and
was not a core entrepreneurial decision beyond the scope of
the companies' obligation to bargain with the union, the
appeals court decided. . . . Page AA-4,  Text E-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9n7x4_

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q0_

ELEVENTH CIRCUIT SAYS EX-EMPLOYEES MAY SUE UNDER ADA

Former employees may sue under the Americans with
Disabilities Act to challenge limits on post-employment
benefits, a divided Eleventh Circuit rules, reversing its
position in an earlier case that ex-employees are not
covered. In an issue of first impression in the Eleventh
Circuit, Judge Pollak remands to a federal district court in
Florida a case brought by a former Kmart employee forced to
resign because of emotional illness ("Johnson v. Kmart
Corp., "11th Cir., No. 99-14563, 11/21/01). In reversing the
circuit's position in "Gonzales v. Garner Food Servs. Inc.",
Judge Pollak cites an intervening Supreme Court decision
that ex-employees may sue under Title VII of the 1964 Civil
Rights Act, the law from which the ADA's definition of
employee is drawn.

The court says a narrow reading of ADA Section 12112(a) to
exclude coverage of former employees "would not only bar a
whole class of plaintiffs from access to remedies regarding
the administration of post-employment benefits," but also
would nullify sections of ADA Title I that protect against
discriminatory discharge and authorize courts to order
reinstatement. Judge Carnes dissents, arguing that because
the Supreme Court did not expressly overrule " Gonzales",
the case is still good law. . . . Page A-1,  Text E-10

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9m1e5_

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9n6w3_

RESEARCH BUREAU SAYS RECESSION BEGAN IN MARCH

The National Bureau of Economic Research says the U.S.
economy fell into recession in March, ending a 10-year
expansion that was longer than all others in the nation's
history. Widely anticipated by private forecasters, NBER's
pronouncements are regarded as the official word on business
cycle turning points.

The NBER's finding that the recession began in March means
the downturn is already nearly nine months old. Recent jumps
in unemployment, as well as other indicators of the weak
economy, were cited by the bureau as evidence that the
downturn merits being termed a recession. . . . Page A-6,
Text E-5

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9t2h8_

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9e7q6_

JUSTICES DECLINE TO REVIEW COURT'S DISMISSAL OF NAFTA
CHALLENGE

The U.S. Supreme Court lets stand an appeals court ruling
that courts have no jurisdiction to determine whether the
president and Congress had the constitutional authority to
enact the North American Free Trade Agreement ("United
Steelworkers of Am. v. United States, "U.S., No. 01-5,
"cert. denied" 11/26/01). The United Steelworkers and the
Made in the USA Foundation sought review of a March decision
by the Eleventh Circuit finding that the suit raised a
political question over which the court had no jurisdiction.

The leaders of the United States, Canada, and Mexico signed
the NAFTA agreement in December 1992, and Congress approved
and implemented the agreement one year later on a majority
vote. The plaintiffs alleged that NAFTA's approval
circumvented the Constitution's Treaty Clause which requires
two-thirds approval by the Senate. . . . Page AA-2,  Text
E-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9q0c0_

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q0_

________________

ALSO IN THE NEWS
________________

INTERNATIONAL LABOR: Cooperative efforts should be
undertaken to promote safer and improved working conditions
for construction workers around the world, particularly in
developing countries, the International Labor Organization
says in a report to be presented at the Tripartite Meeting
on the Construction Industry in the 21st Century, which will
be held in Geneva Dec. 10-14. . . . Page A-4

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8t9p5_

DISABILITIES: An aluminum company had a legitimate,
nondiscriminatory reason for firing a forklift operator who
was responsible for more than a dozen accidents in three
years, even though he claimed he was disabled by
post-traumatic stress disorder, a federal district court in
New York rules. . . . Page A-2

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8p1f7_

____

TEXT
____

SUPREME COURT: Summaries of labor and employment law cases
in which the U. S. Supreme Court denied review on Nov. 26,
2001. . . . Page E-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q0_

ECONOMIC OUTLOOK: Statement by National Bureau of Economic
Research declaring beginning of recession in March 2001,
released Nov. 26. . . . Page E-5

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9e7q6_

DISABILITIES: Eleventh Circuit's decision in "Johnson v.
Kmart Corp. ". . . Page E-10

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9n6w3_

_________________

TABLE OF CONTENTS
_________________

LEADING THE NEWS

AGE DISCRIMINATION
   U.S. Supreme Court hears oral arguments in case examining
   constitutionality of Federal Rule of Civil Procedure that
   tolls statute of limitations in state law claim while
   related action is brought in federal court . . . Page
   AA-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9p5m6_

DISABILITIES
   U.S. Supreme Court rejects bid by railroad employee to
   review appeals court decision which found that mandatory
   arbitration provision of Railway Labor Act barred him
   from litigating claim under Americans with Disabilities
   Act . . . Page AA-6,  Text E-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9m2f3_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q0_

NAFTA
   U.S. Supreme Court lets stand appeals court ruling that
   courts have no jurisdiction to determine whether
   president and Congress had constitutional authority to
   enact NAFTA . . . Page AA-2,  Text E-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9q0c0_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q0_

UNFAIR LABOR PRACTICES
   U.S. Supreme Court declines to review appeals court
   decision that ready-mix concrete company violated
   National Labor Relations Act by selling its trucks and
   hiring independent contractors to perform delivery work
   without first bargaining to impasse with union over issue
   . . . Page AA-4,  Text E-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9n7x4_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q0_

WAGE & HOUR
   U.S. Supreme Court lets stand California appeals court
   ruling involving overtime pay for insurance adjusters,
   leaving intact $90 million jury award . . . Page AA-5,
   Text E-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9n7r4_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q0_

____

NEWS
____

CONSTRUCTION
   NLRB says composite crews represented by LIUNA and IUOE,
   rather than IBEW, should be assigned backhoe operation
   and excavation of duct banks and manholes for underground
   electrical conduit installation in metropolitan Chicago .
   . . Page A-5
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9k3y0_

DISABILITIES
   Aluminum company had legitimate, nondiscriminatory reason
   for firing forklift operator responsible for more than
   twelve accidents in three years, even though he claimed
   he was disabled by post-traumatic stress disorder, a
   federal district court in New York rules . . . Page A-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8p1f7_

   Former employees may sue under Americans with
   Disabilities Act, divided Eleventh Circuit rules,
   reversing its position in an earlier case . . . Page A-1,
   Text E-10
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9m1e5_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9n6w3_

ECONOMIC OUTLOOK
   National Bureau of Economic Research says U.S. economy
   fell into recession in March, ending 10-year expansion
   that was longer than all others in nation's history . . .
   Page A-6,  Text E-5
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9t2h8_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9e7q6_

ERISA
   At plaintiffs' request, lawsuit accusing directors of two
   carpenter union pension plans of self-dealing and other
   ERISA violations is dismissed at no cost to union plans .
   . . Page A-7
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9p8z9_

INTERNATIONAL LABOR
   ILO says cooperative efforts should be undertaken to
   promote safer working conditions for construction
   workers, particularly in developing countries . . . Page
   A-4
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8t9p5_

RACE DISCRIMINATION
   Federal judge in Kansas rules that Boeing Co.'s
   attendance and discipline policies were applied too
   inconsistently to warrant summary judgment on race bias
   claims brought by Hispanic applicant for job promotion .
   . . Page A-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9k4d5_

____

TEXT
____

DISABILITIES
   Eleventh Circuit's decision in "Johnson v. Kmart Corp." .
   . . Page E-10
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9n6w3_

ECONOMIC OUTLOOK
   Statement by National Bureau of Economic Research
   declaring beginning of recession in March 2001 . . . Page
   E-5
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9e7q6_

SUPREME COURT
   Summaries of labor and employment law cases in which U.S.
   Supreme Court denied review Nov. 26, 2001 . . . Page E-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q0_

______________

TABLE OF CASES
______________

Barnett v. Boeing Co. (D. Kan.) . . . Page A-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9k4d5_

Brown v. Illinois Cent. R.R. Co. (U.S.) . . . Page AA-6,
Text E-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q0_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q0_

Construction & General Laborers Dist. Council of Chicago and
Henkels & McCoy Inc. and IBEW Local 196 (N.L.R.B.) . . .
Page A-5
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9k3y0_

Cooper v. Board of Educ. of Murphysboro (U.S.) . . . Page
E-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6u0_

Dallas Area Rapid Transit v. Williams (U.S.) . . . Page E-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6t5_

Ezell v. Direct Labor Inc. (U.S.) . . . Page E-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6t0_

Farmers Ins. Exch. v. Bell (U.S.) . . . Page AA-5,  Text E-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9n7r4_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q0_

Grana v. Tutor (C.D. Cal.) . . . Page A-7
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9p8z9_

Hansen v. Caldwell Diving Co. (U.S.) . . . Page E-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q5_

Harnish v. American Airlines Inc. (U.S.) . . . Page E-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6p0_

Hewitt v. Alcan Aluminum Corp. (N.D.N.Y.) . . . Page A-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8p1f7_

Hoechst Celanese Corp. v. California Franchise Tax Board
(U.S.) . . . Page E-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6n0_

Johnson v. Kmart Corp. (11th Cir.) . . . Page A-1,  Text
E-10
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9m1e5_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9n6w3_

Mosher v. Dollar Tree Stores Inc. (U.S.) . . . Page E-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6r0_

Naperville Ready Mix Inc. v. NLRB (U.S.) . . . Page AA-4,
Text E-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6n5_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q0_

Raygor v. Regents of Univ. of Minn. (U.S.) . . . Page AA-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9p5m6_

Razvi v. Guarantee Life Ins. Co. (U.S.) . . . Page E-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6r5_

United Steelworkers of Am. v. United  States (U.S.) . . .
Page AA-2,  Text E-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6m5_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y9g6q0_

   ___________________________________________________________
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   is prohibited.


Should we be entrenched in this type of activity?  I'm not even sure that we
find out about all of ESA's ideas.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 02/01/2000
11:26 AM ---------------------------
To: Sara Shackleton@ECT
cc:
Subject: Convertibility/Insurance trade

This is what has been discussed so far.  We looked at this once last year,
but decided that we were not getting quotes that justified the transaction.
This time it looks like we would "sort of" cover our exposure by both selling
and buying and hopefully making money off of the difference.
---------------------- Forwarded by Robert H George/ENRON_DEVELOPMENT on
02/01/2000 01:53 PM ---------------------------

	Enron International
	     Structuring Group

	From:  Bruce Harris                           01/31/2000 04:19 PM

To: Joe Kishkill/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Shedd/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert H
George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin
Sacchi/Corp/Enron@ECT

Subject: Convertibility/Insurance trade

The trade is the following.   Enron would buy Lender's insurance from the
insurance market on "to be named later" intercompany loans.  Enron would pay
a fee each year for this protection.  At the same time, Enron would sell
convertibility protection via the capital markets' so-called "credit
derivative" products.  Enron would earn income from selling this protection.
If there was a convertibility event, the bank would deliver to us Reais and a
crossborder intercompany loan in Brazil.  Offshore, we would buy the
crossborder loan and pay the bank in USD.  Enron now has an intercompany loan
and associated R$ which it can't convert into USD.  So we would give the loan
and R$ to the insurance company and 180 days later we would get paid in USD
(no deval. risk).

The arbitrage is basically that the insurance market charges less for
protection than the capital markets.  No cash is required (but we probably
need Corp. to stand behind it all).  Martin has priced out Lender's insurance
at around 2% per annum for 5 years.   Convertibility protection in the credit
derivative market might earn as much as between 3- 4% per annum (we need to
negotiate with some of the US inv. banks).  They are essentially the same
type of protection, so I am not sure why the differential is so large other
than the waiting period and/or the markets sell to different customer sets.

Martin has requested docs. from AIG and I have requested docs. from CSFB.
Assuming that legal/tax does not see any major issue (there is always some
residual risk), we may need to move on this fast as apparently AIG has about
$150M available right now.  So this is an FYI email that once Martin and I
have completed an initial review, if all looks good we will want to move fast
through due diligence/approval process.

Regards,  Bruce