Thanks, Marie!

                    Marie.Heard@e
                    nron.com             To:     Athena.Alexander@cwt.com
                    Office:              cc:
                                         Subject:     RE: Master Netting
                    11/26/01             Agreement Assignments
                    03:43 PM

Hi, Athena:

Here is the information you requested:

Navajo Refining Company
c/o Holly Corporation
100 Crescent Court, Suite 1600
Dallas, Texas  75201-6927

Louis Dreyfus Energy Services L.P.
Louis Dreyfus Corporation

I don't know if Louis Dreyfus Corporation is the same as the Dreyfus
Corporation.  Louis Dreyfus Corporation is located in Wilton, Connecticut.

Let me know if you need anything else.

Marie

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

    -----Original Message-----
   From:   "Athena Alexander" <Athena.Alexander@cwt.com>@ENRON
   Sent:   Monday, November 26, 2001 12:18 PM
   To:     Heard, Marie
   Subject:  Re: Master Netting Agreement Assignments

   Hi, Marie, hope all is well.  In order to complete our conflicts checks
   on
   two counterparties, we need answers to the following questions:  (1)
   Exactly which Navajo and Louis Dreyfus entities/subsidiaries will be
   involved in the Master Netting Agreements?  (2) Is the Louis Dreyfus on
   your list the same as the Dreyfus Corporation?  (3) What is the main
   business address for Navajo?  Thanks and please call with any questions.

   Best Regards,
   Athena

                       "Heard,
                       Marie"               To:     "Aronowitz, Alan"
                       <Marie.Heard@        <Alan.Aronowitz@ENRON.com>,
                       ENRON.com>           "Athena Alexander (E-mail)"
                       Office:              <athena.alexander@cwt.com>,
                                            "Clark, Morris"
                       11/19/01
   <Morris.Richard.Clark@ENRON.com>
                       06:18 PM             , "Cook, Mary"
                                            <Mary.Cook@ENRON.com>, "David
                                            Mitchell (E-mail)"
                                            <david.mitchell@cwt.com>,
                                            "Davis, Angela"
                                            <Angela.Davis@ENRON.com>, "Del
                                            vecchio, Peter"
                                            <Peter.Del.Vecchio@ENRON.com>,
                                            "Diane Dickensheid (E-mail)"
                                            <diane.dickensheid@cwt.com>,
                                            "Dobin, Nora"
                                            <Nora.Dobin@ENRON.com>,
                                            "Douglas, Stephen H."
                                            <Stephen.H.Douglas@ENRON.com>,
                                            "Evans, Mark (London Legal)"
                                            <mark.evans@enron.com>,
                                            "Gaffney, Chris"
                                            <Chris.Gaffney@ENRON.com>,
                                            "Gray, Barbara N."
                                            <Barbara.N.Gray@ENRON.com>,
                                            "Hansen, Leslie"
                                            <Leslie.Hansen@ENRON.com>,
                                            "Heard, Marie"
                                            <Marie.Heard@ENRON.com>,
                                            "Hendry, Brent"
                                            <Brent.Hendry@ENRON.com>,
                                            "Hodge, Jeffrey T."
                                            <Jeffrey.T.Hodge@ENRON.com>,
                                            "Johnston, Greg"
                                            <Greg.Johnston@ENRON.com>,
                                            "Jones, Tana"
                                            <Tana.Jones@ENRON.com>,
                                            "Keohane, Peter"
                                            <Peter.Keohane@ENRON.com>,
                                            "Koehler, Anne C."
                                            <Anne.C.Koehler@ENRON.com>,
                                            "Lech Kalembka (E-mail)"
                                            <lech.kalembka@cwt.com>,
   "Leite,
                                            Francisco Pinto"

   <Francisco.Pinto.Leite@ENRON.com
                                            >, "Marissa Morelle (E-mail)"
                                            <marissa.morelle@cwt.com>,
                                            "McCullough, Travis"
                                            <Travis.McCullough@ENRON.com>,
                                            "Mellencamp, Lisa"
                                            <Lisa.Mellencamp@ENRON.com>,
                                            "Murphy, Harlan"
                                            <Harlan.Murphy@ENRON.com>,
                                            "Murray, Julia"
                                            <Julia.Murray@ENRON.com>,
                                            "Nemec, Gerald"
                                            <Gerald.Nemec@ENRON.com>,
                                            "Portz, David"
                                            <David.Portz@ENRON.com>, "Rick
                                            Antonoff (E-mail)"
                                            <rick.antonoff@cwt.com>,
                                            "Rohauer, Tanya"
                                            <Tanya.Rohauer@ENRON.com>,
                                            "Sager, Elizabeth"
                                            <Elizabeth.Sager@ENRON.com>,
                                            "Saxena, Rahul"
                                            <rahul.saxena@enron.com>,
                                            "Sayre, Frank"
                                            <Frank.Sayre@ENRON.com>,
   "Schuh,
                                            Michael"
                                            <michael.schuh@enron.com>,
                                            "Shackleton, Sara"
                                            <Sara.Shackleton@ENRON.com>,
                                            "Simons, Paul"
                                            <paul.simons@enron.com>, "St.
                                            Clair, Carol"
                                            <Carol.St.Clair@ENRON.com>,
   "Van
                                            Hooser, Steve"
                                            <Steve.Van.Hooser@ENRON.com>,
                                            "Viverito, John"
                                            <John.Viverito@ENRON.com>, "Von
                                            Bock Und Polach, Marcus"

   <marcus.von.bock.und.polach@enro
                                            n.com>, "Williams, Jason R
                                            (Credit)"
                                            <Jason.R.Williams@ENRON.com>
                                            cc:
                                            Subject:     Master Netting
                                            Agreement Assignments

   Attached is the updated list of master netting agreement assignments.

              <<master netting agreement assignments.doc>>

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

==============================================================================

   NOTE:  The information in this email is confidential and may be legally
   privileged.  If you are not the intended recipient, you must not read,
   use or disseminate the information.  Although this email and any
   attachments are believed to be free of any virus or other defect
   that might affect any computer system into which it is received and
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   & Taft for any loss or damage arising in any way from its use.

==============================================================================

    - master netting agreement assignments.doc << File: master netting
   agreement assignments.doc >>

==============================================================================
NOTE:  The information in this email is confidential and may be legally privileged.  If you are not the intended recipient, you must not read, use or disseminate the information.  Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

==============================================================================


Gerald,

Per our discussion.  Review and let's discuss.

Thanks,
Chris

 -----Original Message-----
From: 	swalsh@powereng.com@ENRON [mailto:IMCEANOTES-swalsh+40powereng+2Ecom+40ENRON@ENRON.com]
Sent:	Wednesday, June 06, 2001 5:51 PM
To:	Hilgert, Chris
Cc:	bkannor@powereng.com; kbell@powereng.com
Subject:	Agreement with POWER Engineers

 <<Enron revision.doc>>
Dear Mr. Hilgert,

You have been working with Bob Kannor and Kurt Bell to put an agreement in
place between POWER Engineers and Enron Compression Services Company.  They
have enlisted my assistance to propose a modified agreement to you for
review.  Please find attached, the document you provided to us, which has
been modified with the Word revision tool.

Please review our suggested modifications and provide your comments.  We are
seeking to execute an agreement that allows us to properly manage our
exposures, while providing to you prompt, professional services which meet,
and hopefully exceed, your expectations.  If you have any questions or
concerns about any of the modifications, please call me at the phone number
below.  I know that both Kurt and Bob are anxious to get the contractual
arrangements completed so that they can begin reviewing your project needs,
so they may be contacting you in the next day or so to review.

Thank you for the opportunity to propose these modifications and we look
forward to a productive relationship with your firm.

Regards,

Suzanne Walsh
Contracts and Insurance Administrator
POWER Engineers, Inc.
3940 Glenbrook Drive
P.O. Box 1066
Hailey, ID 83333
ph. (208) 788-3456
fax (208) 788-2082
swalsh@powereng.com

 - Enron revision.doc


Have a good time!

Susan Bailey
06/25/99 10:58 AM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: Vacation

Mark ,

My husband and I will be celebrating our first anniversary on August 1st, and
plan to take trip to St. Maarten.  I would like to take schedule vacation
time from Friday, July 30th thru Friday, August 6th.  I would return to the
office on Monday, August 9th.  I hope this meets with your approval.

Thanks.


-----Original Message-----
From: 	Moleski@pjm.com@ENRON
Sent:	Friday, January 18, 2002 8:45 AM
To:	Misra, Narsimha
Cc:	heinc@www1.pjm.com
Subject:	EESI (EnronE) account in eCapacity II

Narsimha

I need to talk to someone in authority about the EnronE account in eCapacity II.
Richard Ring is listed as the Company Account Manager, but two calls to him have
not resulted in a response.  Please call me as soon as possible.

Thank You

Tom
Thomas M. Moleski
Senior Analyst
Capacity Adequacy Planning Department
(610) 666-8826

>


Carol,

This is all I show, which I think is what you already have.

gf

	Carol St Clair
	05/07/2001 01:09 PM

		 To: Genia FitzGerald/HOU/ECT@ECT
		 cc:
		 Subject: CP&L EEI Master

Genia:
Could you please send me the latest draft of the above Master as it is not
clear from the file whether a new draft responding to their 1/31 comments was
ever sent?  Also, has Rhonda set me up for access to the database?

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


This is a test.


no, but i saw that they won tonight.  it was close.  is sakic going to be ok?


Nicole,
 Please check with Cindy Stokes to see if she can tell you if there is going
to be filing cabinets and where.  Thanks.

	Enron North America Corp.

	From:  Dana Davis                           02/06/2001 05:31 PM

To: Hope Vargas/HOU/ECT@ECT, Nicole Mendez/HOU/ECT@ECT
cc:
Subject: Archiving/Move

Some of the accountants have been able to flag a few items that can be
archived but it has only been a very little.  Most of them are asking the
same question.  They want to know if there will be file cabinet space to
store the items that they are  not ready to send to archive but have no room
to store on their desks?  This is placing a hold on the archiving project
because I can't archive anything that the accountants won't give me the go
ahead on and quite frankly,  this is nearly everything I touch.  Please
help.  Maybe if they knew where their things were going to be stored,  I
could at least help box it up for them to move with them.  Thanks.

dana


You may link to the Commission Agenda by clicking on URL noted below:

http://www.ferc.fed.us/public/isd/sunshine.htm

Items of interest are:

CAG-6, NNG order expected on Carlton Resolution, RP96-347
CAG-7, NNG order expected on VFT filing, RP00-264
CAG-2, Reliant's filing proposing flexible nomination process, RP00-571
CAG-13, Texas Eastern issues concerning production area rates effect on
market center (voluntary remand settlement)
CAG-14, Standards for Business Practices, RM96-1-014, remaining Order No.
587-L imbalance netting & trading filings
(all our pipelines received orders recently - reported in last week's Weekly
Regulatory Report)
CAM-1, Preservation of Records, RM99-8, expect rehearing order on record
retention
Discussion
RM98-4, Revised Filing Requirements under Part 33, Final Rule (this was on
agenda last meeting but was cancelled)


i'm ready to go.  however, will this new system give a slower connect to eol,
etc?

From: Mike Hernandez/ENRON@enronXgate on 01/23/2001 10:00 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc: Jennifer Burns/HOU/ECT@ECT
Subject: Migration to Windows 2000

Jeff:

 During my assessment of your machine, I noted your current hardware
configuration:
SP750 with Dual 800Mhz PIII processors
512MB RAM
Matrox Quad video card

We currently do not have hardware in stock that matches these
specifications.  Our current practice is to prepare a machine that is like or
better than the machine the customer has currently, then swap that hardware.
The benefits here are minimal downtime and the ability to switch back to the
old machine quickly if an application does not work correctly in Windows
2000.  Because we do not have a machine of equal or greater speed in stock,
here is what I propose:

Every machine we migrate is Ghosted.  By this, I mean we run a program called
Ghost which takes a snapshot of the machine in its current state.  This image
can then be put back on the machine or accessed to retrieve files or other
data.  I propose we Ghost your existing machine, make a backup copy of that
image (after verifying it works correctly), then re-use your current hardware
with Windows 2000.  The risk here is that we cannot go back to Windows NT
(your current system) as quickly if something does not work.

If you would like to move ahead with this plan, please let me know.
Otherwise, we will order a machine with the same specifications, but it will
take some time to get here.

I look forward to hearing from you.

Regards,

-Mike Hernandez
Project GEM
(713)853-7740


FYI if you need any addresses.
----- Forwarded by Dan J Hyvl/HOU/ECT on 01/10/2001 03:29 PM -----

	Cyndie Balfour-Flanagan@ENRON
	11/03/2000 01:56 PM

		 To: Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Debra
Perlingiere/HOU/ECT@ECT
		 cc: Russell Diamond/HOU/ECT@ECT
		 Subject: UGI Utilities Contract

Okay, I wasn't sure who to route this to, but one of our traders gave Claire
Neri at UGI my name and number to help with information about our contracts.
As it turns out, we do not have a Master Contract with UGI but have a firm
term deal  attached to a GTC (Deal #345010, running from 11/1/00 - 3/31/01,
5380 MMBTu/day @ $4.78, meter #103702 on ANR).

UGI's hope is to get a Master agreement in place ASAP to cover the above
mentioned deal & any new inter gas deals (since she sent their master, I'm
assuming that their intent is to put their master in place ASAP). Claire Neri
can be reached at 610-796-3505 for additional information of
changes/negotiations.

Note: UGI is also an EOL "Investment Grade" counterparty for non-Texas natual
gas.

---------------------- Forwarded by Cyndie Balfour-Flanagan/Corp/Enron on
11/03/2000 01:38 PM ---------------------------

"Neri, Claire J." <cneri@ugi.com> on 11/03/2000 01:06:01 PM
Please respond to "Claire J. Neri" <cneri@ugi.com>
To: "Cindy Balfour-Flannigan" <cbalfou@enron.com>
cc:

Subject: Contract

Cindy, Thanks for your help. - Claire
 - ugimaster.doc


Gil:

Can you please send Mr. Lay up a hard copy?  We cannot print this.

Thanks - Tori


---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/14/2000
04:17 PM ---------------------------
From: Mark E Haedicke@ECT on 07/14/2000 04:17 PM
To: Peter Keohane/CAL/ECT@ECT, Julia Murray/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Rick Buy/HOU/ECT@ECT
cc:

Subject: Legal Risks Re PPAs

In preparation for our meeting on Monday, I listed the key legal issues re
the PPAs.

Mark


Sitara and CPR will be unavailable after 9:00 PM this evening (06/29) so that
additional repairs can be made in the server room on 34.  This outage will
impact all systems

It is anticipated that Sitara will be available beginning at 6:30 AM tomorrow
(06/30) morning.

Any questions or concerns, please contact the Sitara Hotline (x37049)

Scott Mills


I was a finally able to talk to Mike Young and e advised that they are
looking at several financing options and are still on track to close on or
before 15 July 2001.  He said that there were no issues that needed to be
addressed between ENA and NorthWestern at this time.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/23/2001
04:18 PM ---------------------------

"The Power Marketing Association" <pma-marketplace@mgfairfax.rr.com> on
03/22/2001 09:41:10 AM
To:
cc:
Subject: FREE TWO-WEEK TRIAL to Platts Energy Trader

Dear Energy Professional:

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* Succinct national overview of gas and power markets, and how they're
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* Three regional sections, providing focused coverage for traders, along with
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* Cumulative averages of daily prices throughout the calendar month for all
gas pricing and all on-peak daily electricity indexes.

For questions, call our sales department at 877-286-8897 or 212-904-2004;
e-mail, info@platts.com.

Meanwhile, we hope you enjoy your free two-week trial to Platts Energy Trader.

Sincerely,

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Platts Marketing Director

P.S.-Want to subscribe now? Call 877-286-8897 or 212-904-2004. The annual
subscription
price for this comprehensive daily package of both natural gas and
electricity market
intelligence is just $1,495, a $500 savings off the regular subscription rate
of $1,995
(plus applicable sales tax, Canadian GST or VAT).

If you need to download Acrobat Reader to read this file, go to www.adobe.com.
To decline free trial of Platts Energy Trader, hit reply and type "stop trial.

 - et032201.pdf


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 06/30/2000 10:40 AM -----

	"Cameron, John" <johncameron@DWT.COM>
	06/30/2000 10:27 AM

		 To: "'Carol St Clair'" <Carol.St.Clair@enron.com>
		 cc: "Mitchell, Holly" <hollymitchell@dwt.com>
		 Subject: RE: ISDA Draft

Thanks, Carol.  My phone numbers appear below.  Also, please copy Holly
Mitchell on everything you send.  Her e-mail address appears above in the cc
box.

> -----Original Message-----
> From: Carol St Clair [SMTP:Carol.St.Clair@enron.com]
> Sent: Friday, June 30, 2000 8:25 AM
> To: Cameron, John
> Cc: Tana Jones
> Subject: ISDA Draft
>
>
>
> John:
> I understand from Tana Jones that we are going to try to put an ISDA in
> place
> today.  We should be sending you the draft shortly.  Please call me
> directly
> with any comments or questions that you may have.  Please pass the
> information
> below  to anyone else that may be working on this from your end.  Thanks.
> I
> look forward to hearing from you.
>
> Carol St. Clair
> EB 3892
> 713-853-3989 (Phone)
> 713-646-3393 (Fax)
> carol.st.clair@enron.com
>


Recognizing that it was Sue's idea (though I'm not sure, Sue, if you're referring to the DJ index or the bottoms-up approach), isn't it also true that Harry submitted some testimony more recently regarding the DJ index method, and didn't ARM more recently submit some bottoms-up testimony, comments, etc.?

Best,
Jeff

 -----Original Message-----
From: 	Mara, Susan
Sent:	Friday, October 12, 2001 12:13 PM
To:	Dasovich, Jeff; Steffes, James D.; Swain, Steve
Subject:	RE: CA question

All,

I think I actually was the one who proposed it in a 1998 "RAP" case three years ago.  The case is long closed and our suggestion was not accepted.  Therefore, we don't have to worry about it. If we like the idea, we would have to find a way to propose it anew -- if we don't like the idea, we just fail to bring it up again.

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Thursday, October 11, 2001 9:13 AM
To:	Steffes, James D.; Swain, Steve; Mara, Susan
Subject:	RE: CA question

We did recommend using the DJ index.  But subsequent to that, I believe we filed as part of the "ARM" coalition, recommending a bottom's-up approach.  Is that right Sue?  However, I don't think it's accurate to say that we "withdrew" the DJ index recommendation.  Both our original DJ recommendation, and the bottom's up recommendation, are still sitting at the PUC.  I think that's how things currently stand.

Best,
Jeff

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Thursday, October 11, 2001 11:05 AM
To:	Dasovich, Jeff
Subject:	FW: CA question

FYI
 -----Original Message-----
From: 	Steffes, James D.
Sent:	Thursday, October 11, 2001 7:51 AM
To:	Mara, Susan; Swain, Steve
Subject:	FW: CA question

Steve --

We did originally file that the replacement for the PX Credit should be the DJ Index.  My recollection is that we did withdraw this argument, however I've include Sue Mara on this to double check.  If we haven't, I'd guess that is no longer URM's position?

Jim

 -----Original Message-----
From: 	Swain, Steve
Sent:	Wednesday, October 10, 2001 4:54 PM
To:	Steffes, James D.
Subject:	CA question

I spoke with Mary Lynne today, and she said that once upon a time (after the PX expired) we filed something asking the CPUC to make the DJ index a substitute for the PX credit.  Does this ring a bell?  And the more important question -- did we ever withdraw that request?  Thanks.


Thanks for the attached deal information, Shouan.  Looking at the data I feel
confident that, once we are past the first day of the month, the gas daily
options curveshift is valuing correctly.  However, I am still concerned with
the valuation from 10/31.  Is there anyway to see same breakdown on 11/2 and
11/3 for 10/31's position.  If you could send me that information in the same
format I think we may have an answer for the changed deal value we saw fall
out of my trader's book on 11/1.

Susan

Shouan Tang
11/08/2000 05:24 PM
To: Susan M Scott/HOU/ECT@ECT, Dutch Quigley/HOU/ECT@ECT
cc: Jeremy Wong/HOU/ECT@ECT
Subject: Nov3-2 inputs

Please see the attached Excel file. Please let me know if you have any
questions.


awesome Dana -- congratulations! I know it will be a good change for you - do you know anybody in the new group?  I still can not believe how much the group has changed since I have been there!  Crazy stuff!

Have a great last day in Merchant Finance :)

Take care

Susan

 -----Original Message-----
From: 	Davis, Dana
Sent:	Friday, November 02, 2001 9:11 AM
To:	Rance, Susan
Subject:	RE:

Good Morning Sue -
I've been out sick for 2 days.  I'm going to the Global Counter party group on the 37th Flr.
Yes, I am very happy about no more wires and signatures.
 -----Original Message-----
From: 	Rance, Susan
Sent:	Thursday, November 01, 2001 5:04 PM
To:	Davis, Dana
Subject:

Dana,

Your last day it tomorrow?  Whoa - I am happy for you - where are you headed to?

Susan


Forgot to make a note on the below.  I think that we need to be consistent
with terms in the EEI Master Power and Master Gas agmts.  I'm not sure if we
have sent drafts (without credit terms) of these documents, but think that we
should probably include Schedule M to the EEI since we are dealing with
government entities.  I will be out of the office tomorrow, but can be
reached by cell (713) 446-8711.

 -----Original Message-----
From:  Sacks, Edward
Sent: Tuesday, April 24, 2001 12:23 PM
To: Mann, Kay; Rorschach, Reagan
Subject: FW: Contract comments

Definition of Event of Default - References Section 17.  I believe this
should be Section 14.  This same reference to 17 is also made in other areas
of the contract, such as in Section 15 "Termination".  Also, please note that
under Section 15, some of the Event of Default Sections numbers do not exist
(ie. 11 and 12).  Please look into these sections in their entirety.  With
respect to this section, I would like to change the cure period from 30 days
to 3 days and of course in instances of bankruptcy, misrepresenation in the
Reps & Warr, etc., there should not a cure period.

With respect to credit.  In reading the contract it seems that the
counterparty is going to be a consortium of entities (MDEA, Yazoo &
Clarksdale).  Are each of the counterparties jointly and severally liable?
Answers to the this relationship structure will be necessary prior to
proposing credit terms for both the Master Gas and Master Power agmts.  If
this is the structure, we should probably look into getting legal opinions
regarding the cities' authority to enter into such obligations.  In addition,
do the city's have authority to enter into agreements for greater than 1 yr.
In my experience with other munis, they generally are, but only at the
Enterprise Fund level (Public Utility).  Perhaps we should confirm this.  To
the extent that MDEA (stand alone) is not 100% supported by the cities, we
will need financial statements on MDEA.

Reagan - Please forward projected load schedule when completed.

Ed Sacks
x5-7712

 -----Original Message-----
From:  Rorschach, Reagan
Sent: Tuesday, April 24, 2001 8:31 AM
To: McNamara, Ron; Roan, Michael; Bentley, Corry; Comeaux, Keith; Coulter,
Kayne; Cross, Edith; Fairley, David; Herndon, Rogers; Homco, Jim; Kumar,
Madhup; Mann, Kay; May, Tom; Miller, Jeffrey; Morse, Brad; Nicolay, Christi;
Pagan, Ozzie; Podurgiel, Laura; Reeves, Leslie; Sacks, Edward; Serio, Erik;
White, Stacey; Will, Lloyd
Subject: Contract comments

Contract comments are due to Kay Mann.  If you have not sent them to her,
please do so ASAP.  She is working to incorporate all comments this morning.
MDEA will be in town tommorrow and Thursday to discuss.

Thanks,

Reagan
5.3363


Is this OK with you for yur financial agreement?
----- Forwarded by Tana Jones/HOU/ECT on 08/17/2000 04:51 PM -----

	Stacey Richardson
	08/17/2000 04:49 PM

		 To: Adnan Patel/Corp/Enron@ENRON
		 cc: Tana Jones/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Tom
Moran/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT,
Mary G Gosnell/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Linda S
Bryan/HOU/ECT@ECT, Bridgette Anderson/Corp/Enron@ENRON, Susan
Bailey/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT
		 Subject: Re: Northern Illinois Gas Company/Nicor Gas Company

OK, guys, based on Adnan's information from the counterparty, all contracts
under Northern Illinois Gas Company will be changed (via name overlay) to
Nicor Gas Company once Adnan has received the proper name change
documentation.   Since no changes have been made in GCP to correct the HQ
company and trade name relationships, the recent ISDA contract was set up
under Nicor Gas Company.  Once these changes are made in GCP, the contract
can be changed to the trade name if still needed at that time.

I apologize for all the confusion and hope this helps all parties concerned.

Thanks,
Stacey

Adnan Patel@ENRON on 08/17/2000 04:20:24 PM
To: Tana Jones/HOU/ECT@ECT
cc: Stacy E Dickson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Frank L
Davis/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT,
Stacey Richardson/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Linda S
Bryan/HOU/ECT@ECT, Bridgette Anderson/Corp/Enron@ENRON, Susan
Bailey/HOU/ECT@ECT
Subject: Re: Northern Illinois Gas Company/Nicor Gas Company

Per my conversation with Nicor Gas Company's attorney, Northern Illinois Gas
Company changed its name to Nicor Gas Company. Therefore, Nicor Gas Company
is the only entity that all the deals needs to be booked under. However, the
attorney also agreed to the fact that they do use the name "Northern Illinois
Gas Company d/b/a Nicor Gas Company" eversince the name change happened. He
said they had been using both names "contractually" and interchangeably even
though it is all just ONE company, one state registered company.

I'm currently waiting on name change documents, however this is what it looks
like thats going to happen:
The main HQ company would end up being NICOR GAS COMPANY with all the
trades/contracts/deals being merged into one record. However, if need be we
could have a Tradename set up as "Northern Illinois Gas Company d/b/a Nicor
Gas Company" since this is how the company does business as, in some cases.

Nicor's legal Dept could be reached at (630) 983-8676 for any further
clarifications in this matter.

Adnan Patel
Global Counterparty
x58335

From: Tana Jones@ECT on 08/17/2000 03:47 PM
To: Stacy E Dickson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT
cc: Frank L Davis/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Adnan
Patel/Corp/Enron@ENRON
Subject: Northern Illinois Gas Company/Nicor Gas Company

There appears to be confusion over who and what products we should be trading
with these entities.

We have an ISDA Master Agreement in place with Northern Illinois Gas Company
d/b/a Nicor Gas Company.  This is a new master.  If the counterparty is not
set up this way it need to be.

Physical gas has a master in place with Northern Illinois Gas Company.

There is no master agreement in place with Nicor Gas Company and the only
trading being done with this entity is online gas trading.

The issue that needs to be resolved is whether we want to trade gas under
both Northern Illinois Gas Company and Nicor Gas Company.  Frank Davis will
resolve this issue with Tom Moran in Credit and Stacy Dickson with physical
gas Legal, and they will let us know who we should be trading with.

When we hear back from them we can finally resolve what counterparty names we
want to set up and get back to the counterparty if we have not received the
correct Password Application to match out intended trading partners.

Sorry for all the confusion this is causing.  I am confused too.


Susan,

I'm trying to schedule a time and place for our farewell Happy Hour.  Let me
know if this works for you.

http://www.qixo.com/Details.html?uRsltID=LF00

Robin


Rain,

Please sign me up for the class on Fri. (8/11).  Thanks,

Fletch

---------------------- Forwarded by Fletcher J Sturm/HOU/ECT on 08/01/2000
09:28 PM ---------------------------

Jeffrey T Hodge
07/27/2000 10:46 AM
Sent by: Jenny Helton
To: Alonzo Williams/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT, Andrew H
Lewis/HOU/ECT@ECT, Andrew R Conner/HOU/ECT@ECT, Ashton
Soniat/Corp/Enron@ENRON, Bhavna Pandya/HOU/ECT@ECT, Bill
Berkeland/Corp/Enron@Enron, Bill Rust/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT,
Brad McKay/HOU/ECT@ECT, Brian O'Rourke/HOU/ECT@ECT, Bruce
Hebert/GCO/Enron@ENRON, Caroline Abramo/Corp/Enron@Enron, Chad
Starnes/Corp/Enron@Enron, Charles H Otto/HOU/ECT@ECT, Charlie
Jewell/HOU/ECT@ECT, Chris Gaskill/Corp/Enron@Enron, Chris
Germany/HOU/ECT@ECT, Chris Lenartowicz/Corp/Enron@ENRON, Clint
Dean/Corp/Enron@Enron, Colleen Sullivan/HOU/ECT@ECT, Corry
Bentley/HOU/ECT@ECT, Craig Breslau/HOU/ECT@ECT, Cyril Price/HOU/ECT@ECT, Dan
Junek/HOU/ECT@ECT, Daniel Diamond/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT,
Darren Delage/HOU/ECT@ECT, David J Vitrella/HOU/ECT@ECT, David
Ryan/Corp/Enron@ENRON, David Zaccour/HOU/ECT@ECT, Dean Laurent/HOU/ECT@ECT,
Diana Allen/Corp/Enron@ENRON, Dick Jenkins/HOU/ECT@ECT, Don
Baughman/HOU/ECT@ECT, Douglas Miller/ECF/Enron@ENRON, Douglas
SMITH/ENRON@Gateway, Ed Smith/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT,
Elsa Piekielniak/Corp/Enron@Enron, Eric Saibi/Corp/Enron@ENRON, Erik
Serio/Corp/Enron@Enron, Fletcher J Sturm/HOU/ECT@ECT, Frank
Ermis/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT,
Geoff Storey/HOU/ECT@ECT, George Hopley/HOU/ECT@ect, George
McClellan/HOU/ECT@ECT, George N Gilbert/HOU/ECT@ECT, George
Wood/Corp/Enron@Enron, Gerald Gilbert/HOU/ECT@ECT, Greg
Trefz/Corp/Enron@ENRON, Greg Whalley/HOU/ECT@ECT, Greg Woulfe/HOU/ECT@ECT,
Gretchen Lotz/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, James E
Terrell/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Janel
Guerrero/Corp/Enron@Enron, Janelle Scheuer/HOU/ECT@ECT, Jared
Kaiser/HOU/ECT@ECT, Jason Choate/Corp/Enron@ENRON, Jason
Crawford/Corp/Enron@Enron, Jay Reitmeyer/HOU/ECT@ECT, Jay
Wills/Corp/Enron@ENRON, Jeff King/Corp/Enron@Enron, Jeff
Kinneman/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Jennifer
Fraser/HOU/ECT@ECT, Jennifer Shipos/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT, Joe
Errigo/Corp/Enron@Enron, Joe Parks/Corp/Enron@ENRON, Joe
Stepenovitch/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, John
Berger/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, John D Suarez/HOU/ECT@ECT,
John Grass/Corp/Enron@ENRON, John Greene/HOU/ECT@ECT, John
Kinser/HOU/ECT@ECT, John Llodra/Corp/Enron@ENRON, John M
Singer/Corp/Enron@ENRON, John Zufferli/HOU/ECT@ECT, John Zurita/HOU/EES@EES,
Juan Hernandez/Corp/Enron@ENRON, Judy Townsend/HOU/ECT@ECT, Kate
Fraser/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT, Keith
Comeaux/Corp/Enron@Enron, Keith Holst/HOU/ECT@ect, Keller
Mayeaux/Corp/Enron@Enron, Kelli Stevens/HOU/ECT@ECT, Kevin
Cline/Corp/Enron@Enron, Kevin M Presto/HOU/ECT@ECT, Kevin
McGowan/Corp/Enron@ENRON, Kyle Schultz/HOU/ECT@ECT, Larry
Jester/Corp/Enron@ENRON, Larry May/Corp/Enron@Enron, Larry
Valderrama/HOU/ECT@ECT, Laura Podurgiel/HOU/ECT@ECT, Lawrence
Clayton/Corp/Enron@Enron, Lisa Burnett/Corp/Enron@Enron, Lisa
Lees/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Madhup
Kumar/Corp/Enron@ENRON, Madhur Dayal/HOU/ECT@ECT, Marc Bir/Corp/Enron@ENRON,
Maria Valdes/Corp/Enron@Enron, Mark Anthony Rodriguez/HOU/ECT@ECT, Mark Dana
Davis/HOU/ECT@ECT, Mark Smith/Corp/Enron@Enron, Mark Symms/Corp/Enron@ENRON,
Martin Cuilla/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Matthew
Arnold/HOU/ECT@ECT, Matthew Goering/HOU/ECT@ECT, Maureen Smith/HOU/ECT@ECT,
Michael W Bradley/HOU/ECT@ECT, Michelle D Cisneros/HOU/ECT@ECT, Mike
Carson/Corp/Enron@Enron, Mike Curry/HOU/ECT@ECT, Mike
Fowler/Corp/Enron@ENRON, Mike Grigsby/HOU/ECT@ECT, Mike
Maggi/Corp/Enron@Enron, Mitch Robinson/Corp/Enron@Enron, Nelson
Ferries/Corp/Enron@ENRON, Patrice L Mims/HOU/ECT@ECT, Patrick
Hanse/HOU/ECT@ECT, Paul Pizzolato/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT, Peter F
Keavey/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Pushkar Shahi/HOU/ECT@ECT,
Randall L Gay/HOU/ECT@ECT, Richard Hrabal/HOU/ECT@ect, Robert
Benson/Corp/Enron@ENRON, Robin Barbe/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect,
Ronald Acevedo/LON/ECT@ECT, Sandra F Brawner/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON, Scott Hendrickson/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, Steve Olinde/Corp/Enron@Enron, Steven Kleege/HOU/ECT@ECT,
Steven P South/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Susan
Wood/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT,
Tammi DePaolis/Corp/Enron@ENRON, Terri Clynes/HOU/ECT@ECT, Theresa
Branney/HOU/ECT@ECT, Todd DeCook/Corp/Enron@Enron, Tom Donohoe/HOU/ECT@ECT,
Tom Dutta/HOU/ECT@ECT, Tom May/Corp/Enron@Enron, Tom Mcquade/HOU/ECT@ECT,
Tori Kuykendall/HOU/ECT@ECT, Troy Black/Corp/Enron@ENRON, Wayne
Herndon/Corp/Enron@ENRON, William Patrick Lewis/HOU/ECT@ECT, William
Stuart/HOU/ECT@ECT
cc: Jeffrey T Hodge/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Mark
Frevert/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron
Subject: Antitrust Training Update

Attached is a memo detailing Antitrust Training.


WHALLEY, LAWRENCE G,
?
You have been selected to participate in the Mid Year 2001 Performance
Management process.  Your feedback plays an important role in the process,
and your participation is critical to the success of Enron's Performance
Management goals.
?
To complete a request for feedback, access PEP at http://pep.enron.com and
select Complete Feedback from the Main Menu.  You may begin providing
feedback immediately and are requested to have all feedback forms completed
by Friday, May 25, 2001.
?
If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com
?
Thank you for your participation in this important process.
?
The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."  Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.  NOTE: YOU WILL
RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.
?
Employee Name:
DETMERING, TIMOTHY
DOSHIER, RAYMOND
HAEDICKE, MARK
KITCHEN, LOUISE
PORT, DAVID
THOMPSON,


Attached are EPMI's comments that I will deliver orally on Monday afternoon at the FERC.

I am also attaching some backup slides, a listing of who will be on the two panels, the statement by Naeve on behalf of PGE, and statement Tabors on behalf of a TFG subset.  I want to re-read Tabors one more time but I expect that will we sign on in support.

Alan Comnes


(See attached file: hpl0621.xls)

 - hpl0621.xls


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


Winfield Tchnology will be here tommorrow to demo their software from 2-3:30
p.m. in room 3127 the big room next to T.Jae.  Your presence is appreciated.
Jeff Miller saw the demo two weeks ago and suggested that we atleast look at
it.

Thanks
Kayne


---------------------- Forwarded by Tom Donohoe/HOU/ECT on 07/28/2000 03:40
PM ---------------------------

Ragan Bond@ENRON
07/28/2000 11:08 AM
To: tom.donohoe@enron.com
cc:
Subject: Hee!Haw!

---------------------- Forwarded by Ragan Bond/Corp/Enron on 07/28/2000 11:05
AM ---------------------------

Elizabeth Rivera
07/27/2000 10:31 AM
To: Elizabeth Rivera/Corp/Enron@ENRON
cc:  (bcc: Ragan Bond/Corp/Enron)

Subject: Hee!Haw!

 - frens2.mpg


Another tidbit to remind us that we see/hear Divinity all around us:

Just remember, "Our God is an Awesome God!"

READ This All the Way, and send it back please!
This will give you the chills.....GOOD Chills!

A young man had been to Wed. night Bible Study. The pastor had shared
about listening to God and obeying the Lord's voice. The young man
couldn't help but wonder, Does God still speak to people?"

After service, he went out with some friends for coffee
and pie, and they discussed the message. Several different ones talked
about how God had led them in different ways.

It was about ten o'clock when the young man started driving home.
Sitting in his car, he just began to pray, "God...If you still speak to
people speak to me. I will listen. I will do my best to obey."

As he drove down the main street of his town, he had the strangest
thought to stop and buy a gallon of milk. He shook his head and said out
loud, "God is that you?"  He didn't get a reply and started on toward
home.

But again, the thought, buy a gallon of milk. The young man thought
about Samuel and how he didn't recognize the voice of God, and how
little Samuel ran to Eli. "Okay, God, in case that is you, I will buy
the milk." It didn't seem like too hard a test of obedience. He could
always use the milk. He stopped and purchased the gallon of milk and
started off toward home.

As he passed Seventh Street, he again felt the urge, "Turn down that
street." This is crazy he thought and drove on past the intersection.
Again, he felt that he should turn down Seventh Street. At the next
intersection, he turned back and headed down Seventh. Half jokingly, he
said out loud, "Okay, God, I will."

He drove several blocks, when suddenly, he felt like he should stop.
He pulled over to the curb and looked around. He was in a
semi-commercial area of town. It wasn't the best but it wasn't the worst
of neighborhoods either. The businesses were closed and most of the
houses looked dark like the people were already in bed.

Again, he sensed something, "Go and give the milk to the people in the
house across the street." The young man looked at the house. It was dark
and it looked like the people were either gone or they were already
asleep. He started to open the door and then sat back in the car seat.
"Lord, this is insane. Those people are asleep and, if I wake them up,
they are going to be mad and I will look stupid."

Again, he felt like he should go and give the milk. Finally, he opened
the door.   "Okay God, if this is you, I will go to the door and I will
give them the milk. If you want me to look like a crazy person, okay. I
want to be obedient. I guess that will count for something, but, if they
don't answer right away, I am out of here.

He walked across the street and rang the bell. He could hear some noise
inside. A man's voice yelled out, "Who is it? What do you want?"   Then
the door opened before the young man could get away.    The man was
standing there in his jeans and t-shirt.  He looked like he just got out
of bed. He had a strange look on his face, and he didn't seem too happy
to have some stranger standing on his doorstep. "What is it?" The young
man thrust out the gallon of milk. "Here I brought this to you."

The man took the milk and rushed down a hallway, speaking loudly in
Spanish. Then from down the hall came a woman carrying the milk toward
the kitchen. The man was following her holding a baby. The baby was
crying. The man had tears streaming down his face. The man began
speaking and half-crying, "We were just praying. We had some big bills
this month and we ran out of money. We didn't have any milk for our
baby. I was just praying and asking God to show me how to get some
milk."

His wife in the kitchen yelled out, "I ask him to send an Angel with
some. Are you an Angel?"

The young man reached into his wallet and pulled out all the money he
had on him and put in the man's hand. He turned and walked back toward
his car and the tears were streaming down his face.   He knew that God
still answers prayers.

This is a simple test...

If you believe that God is alive and well, send this to at least ten
people and the person that sent it to you!


-----Original Message-----
From: 	Exchange Information <Marketing@NYMEX.com>@ENRON
Sent:	Thursday, November 29, 2001 2:39 PM
To:	Exchange Information
Subject:	(01-409) TEMPORARY EXCHANGE OF OPTIONS FOR OPTIONS TRANSACTIONS I	N ENERGY MARKETS

Notice No. 01-409
November 29, 2001

TO:		All Exchange Members / Member Firms
		All Clearing Members

FROM:	J. Robert Collins, Jr., President

RE:		TEMPORARY EXCHANGE OF OPTIONS FOR OPTIONS TRANSACTIONS IN
ENERGY MARKETS

The Exchange will introduce a temporary program beginning tomorrow that will
allow participants in its energy markets to exchange over-the-counter (OTC)
options positions for options positions on the Exchange (EOO).

This program will have a fixed 30-day time limit and will end on December
28.

EOO transactions will work similarly to exchange of futures for physical and
exchange of futures for swaps transactions.  Two parties are allowed to
privately negotiate the execution of on- and off-exchange options positions
on pricing terms agreed upon by the involved parties. The transactions must
involve approximately equal but opposite side-of-market quantities of
options exposures in the same or related commodities.

These transactions will be permitted to liquidate, initiate, and transfer
options market positions between the two parties involved in the
transaction. The clearing member representing each party will be responsible
to notify the Exchange of the amount and type of options contracts involved,
the price at which the transaction should be cleared, and the identity of
the parties involved.


also, if "NL1" appears anywhere else, change it to NXL1

thanks

fletch


Sorry... Stephanie will return to the office on Friday, April 13.

Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com
----- Forwarded by Holly Keiser/ENRON_DEVELOPMENT on 04/09/2001 03:55 PM -----

	Holly Keiser
	04/09/2001 03:48 PM

		 To: Susan Bailey/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Robert
Bruce/NA/Enron@Enron, Mary Cook/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron,
Tana Jones/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Stephanie
Panus/NA/Enron@Enron, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton/HOU/ECT@ECT, Carol
St Clair/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Angela Davis/NA/Enron@Enron,
Suzanne Adams/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Taffy
Milligan/HOU/ECT@ECT, Becky Spencer/HOU/ECT@ECT, Carolyn
George/Corp/Enron@ENRON, Janette Elbertson@ECT, Mark E Haedicke@ECT
		 cc:
		 Subject: Stephanie Panus - Vacation

Please note, Stephanie Panus will be on vacation the week of April 9.

 If I can be of assistance, please let me know.

Thanks!

Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com


http://www.science-finance.fr/publications.html
http://www.science-finance.fr/publications.html
http://www.science-finance.fr/publications.html


Please grant the following origination to Robin from the TP1 book.

Thanks

 -----Original Message-----
From: 	Barbe, Robin
Sent:	Wednesday, October 31, 2001 11:09 AM
To:	Germany, Chris
Subject:	origination

	the following deals i put in your book and would like to have origination granted for them.

	customer - national fuel   sitara   1110335
	bought from im ontario    sitara    1110281
	rec/del pt - niagara

	eff date		vol     	purchase price		sell price		$

	10-18		5000	3.005			3.02			75

	10-26		17149	3.45			3.46			171

	10-26		2851	3.485			3.5			43

	10-30		20000	3.42			3.43			200

	10-30		15000	3.45			3.46			150

	TOTAL									$639


Jude:
Attached below are my comments to the Co op City Term Sheet I sent out
Sunday night.  Unfortunately, it may not have been delivered off my laptop
due to a failed connection on the intranet.  Here it is.  I didn't correct
several spelling errors in the draft from the Squires' lawyer.

I saw Kay Mann's comments (which corrected the spelling errors) and her
comments by-in-large look to be OK. I am copying Kay on this message in
order to speed up the review.

Jude,  One last little item: my correct email address is either
David.Lund@nepco.com <mailto:David.Lund@nepco.com>  or davidlu@nepco.com
<mailto:davidlu@nepco.com> .  There are two other "David L's" in the NEPCO
organization and if the email address isn't correct the message sits in the
message inbox for these other individuals until they figure out the message
is for me.  Once the Houston office converts to Microsoft Outlook, this
problem will go away.  Thanks.

David H. Lund, Jr.
Assistant General Counsel
National Energy Production Corporation
11831 North Creek Parkway N.
Bothell, WA 98011
425-415-3138
Fax: 425-415-3032
David.Lund@nepco.com or davidlu@nepco.com

-----Original Message-----
From: B-David Lund
Sent: Sunday, January 28, 2001 9:48 PM
To: B-Gene Larson
Cc: E-John Schwartzenburg; Paul.Myford@enron.com
<mailto:Paul.Myford@enron.com>
Subject: FW: Draft Coop City Term Sheet  - priority.

Gene,  I marked up the attached term sheet for the ENA Coop City project.  I
highlighted some commercial terms that need your attention.  Let's discuss
and call Paul Myford after you complete your review.  I only focused on the
EPC scope and not the O&M scope.

David H. Lund, Jr.
Assistant General Counsel
National Energy Production Corporation
11831 North Creek Parkway N.
Bothell, WA 98011
425-415-3138
Fax: 425-415-3032
David.Lund@nepco.com or davidlu@nepco.com

-----Original Message-----
From: John.Schwartzenburg@enron.com <mailto:John.Schwartzenburg@enron.com>
[mailto:John.Schwartzenburg@enron.com]
<mailto:[mailto:John.Schwartzenburg@enron.com]>
Sent: Wednesday, January 24, 2001 2:59 PM
To: Paul.Myford@enron.com <mailto:Paul.Myford@enron.com> ;
davidlu@nepco.com <mailto:davidlu@nepco.com> ; genel@nepco.com
<mailto:genel@nepco.com>
Cc: John.Normand@enron.com <mailto:John.Normand@enron.com> ;
Jude.Rolfes@enron.com <mailto:Jude.Rolfes@enron.com> ;
Peter.Nassab@enron.com <mailto:Peter.Nassab@enron.com> ;
Carlos.Sole@enron.com <mailto:Carlos.Sole@enron.com> ; Randy.Pais@enron.com
<mailto:Randy.Pais@enron.com>
Subject: Draft Coop City Term Sheet  - priority.

 <<Co-OpCity-TermSheet-0112.doc>>
I had earlier sent this to Gene and Dave asking how they want to proceed
with the work on this term sheet. I am delinquent copying this to Peter as I
had discussed Monday.
I suggest that teh commercial terms be vetted by Gene, and that he and Dave
work it overall. If Dave cannot work it, the Carlos Sole should be able to
provide the legal input for NEPCO. This is not a Randy Pais or Scott
Dieball assignment.

Please let Peter Nassab know if you need the Houston Contracts gropu
support.

I am out Thursday and Friday, and will be back monday and can look at it
then if the team still needs help. I cannot get e-mail after today until
Monday.

JWVS

 Paul Myford

                                         To: John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
<mailto:Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT>
                    01/19/2001           cc:     Jude
Rolfes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
<mailto:Rolfes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT> , John
                    10:02 AM
Normand/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
<mailto:Normand/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT>

                                         Subject: FW: Draft Coop City
Term Sheet

John:
This is the document I was talking about.  The Jan 17 meeting was
reschedule for next week.  We need legal and contracts to review.
Thanks
Paul

---------------------- Forwarded by Paul Myford/ENRON_DEVELOPMENT on
01/19/2001 09:57 AM ---------------------------

Jude Rolfes on 01/18/2001 03:19:09 PM
To: Paul.Myford@enron.com <mailto:Paul.Myford@enron.com>
cc:
Subject: FW: Draft Coop City Term Sheet

Paul,
Please circulate and get comments as necessary.
Thank you
Jude
----- Forwarded by Jude Rolfes/ENRON_DEVELOPMENT on 01/18/2001 03:17 PM
-----

  "Henneberry, Lisa G."

  <LHenneberry@ssd.com <mailto:LHenneberry@ssd.com> >
To:  "'mark.bernstein@enron.com'" <mark.bernstein@enron.com
<mailto:mark.bernstein@enron.com> >,
"'kay.mann@enron.com'" <kay.mann@enron.com <mailto:kay.mann@enron.com> >,
"'jude.rolfes@enron.com'"
  01/15/2001 07:38 AM           <jude.rolfes@enron.com
<mailto:jude.rolfes@enron.com> >

                                            cc: "Ragals, Jr., William C."
<WRagals@SSD.COM <mailto:WRagals@SSD.COM> >
 Subject: FW: Draft Coop City Term Sheet

It looks as though this did not go through the first time.  My apologies
for
the delay.

Lisa G. Henneberry
Squire, Sanders & Dempsey L.L.P.
1201 Pennsylvania Avenue, N.W.
Washington, D.C. 20004
(Tel)  202-626-6640
(Fax) 202-626-6780
LHenneberry@ssd.com <mailto:LHenneberry@ssd.com>
www.ssd.com <http://www.ssd.com>  <http://www.ssd.com <http://www.ssd.com> >

 >  -----Original Message-----
 > From: Henneberry, Lisa G.
 > Sent: Sunday, January 14, 2001 10:24 PM
 > To: mahonl@pbworld.com <mailto:mahonl@pbworld.com> ;
losi@pbworld.com <mailto:losi@pbworld.com> ; mark.bernstein@enron.com
<mailto:mark.bernstein@enron.com> ;
 > kay.mann@enron.com <mailto:kay.mann@enron.com> ;
jude.rolfes@enron.com <mailto:jude.rolfes@enron.com>
 > Cc: White, Robert I.; Ragals, Jr., William C.; Levey, Kevin S.;
 > axz@dmlegal.com <mailto:axz@dmlegal.com> ; mdc@dmlegal.com
<mailto:mdc@dmlegal.com>
 > Subject: Draft Coop City Term Sheet
 >
 > Further to our discussions last week, attached is a preliminary
draft of
 > the term sheets for the development of the Coop City project,
including
 > indicative terms for EPC, O&M, and Asset Management.  Since we
haven't
yet
 > discussed the terms in any significant detail, the attached
remains
 > somewhat general with respect to some items and includes
significant
 > assumptions with respect to other.  Nonetheless, it is a starting
point
 > for our discussions next week.
 >
 > As discussed last week, for the sake of expediency, this draft is
being
 > distributed simultaneously to all parties and has not been
separately
 > reviewed by my clients.  It therefore remains subject to internal
review
 > and comment.
 >
 > Next week's meeting has been scheduled at our offices in New York,
 > beginning on Wednesday, January 17 at 1:30 p.m. until Thursday
afternoon.
 > Our offices are located at:
 >
 > Squire, Sanders & Dempsey L.L.P.
 > 350 Park Avenue, 15th floor
 > New York, NY
 > Tel:  212-872-9800
 > Fax: 212-872-9815
 >
 > We look forward to seeing you then.  In the meantime, should you
have any
 > questions, please do not hesitate to contact me.  Best regards.
 >
 >  <<Co-OpCity-TermSheet-0112.doc>>
 >
 > Lisa G. Henneberry
 > Squire, Sanders & Dempsey L.L.P.
 > 1201 Pennsylvania Avenue, N.W.
 > Washington, D.C. 20004
 > (Tel)  202-626-6640
 > (Fax) 202-626-6780
 > LHenneberry@ssd.com <mailto:LHenneberry@ssd.com>
 > www.ssd.com <http://www.ssd.com>  <http://www.ssd.com
<http://www.ssd.com> >
 >

(See attached file: Co-OpCity-TermSheet-0112.doc)

 - Co-OpCity-TermSheet-0112.doc


I think you're cheating trying to get a fixed amount.... I'll give $1 per
pin.
Good luck,
John

Liz M Taylor
07/17/2000 03:57 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re: "Strike Out" ALS

John,
Please a flat amount.  Don't hold me to pins.  Everyone is giving a flat
amount.  I'm NOT a bowler.

Liz

John Arnold
07/17/2000 03:56 PM
To: Liz M Taylor/HOU/ECT@ECT
cc:
Subject: Re: "Strike Out" ALS

Is it per game or point or what?

Liz M Taylor
07/17/2000 02:33 PM
To: John J Lavorato/Corp/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Kevin M
Presto/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, John
Arnold/HOU/ECT@ECT, Stephen R Horn/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Mark
E Haedicke/HOU/ECT@ECT, Paul Racicot/Enron Communications@Enron
Communications, Jean Mrha/NA/Enron@Enron
cc:
Subject: "Strike Out" ALS

Enron/MDA
Beach Bowl 2000
To Benefit ALS Research

I'm bowling to help "strike out" ALS (Lou Gehrig's disease).  If you have not
sponsored someone else, I would very much like for you to sponsor me.  The
event takes place on July 29.  I will need all donations by July 26.

Any donation is greatly appreciated and matched by Enron.

Many Thanks,

Liz


Tana -- please delete this entry from Lotus Notes as it is a duplicate entry.  Thanks
Click on this link to view the document in the Financial Trading Agreements database-->

<Embedded StdOleLink>


---------------------- Forwarded by Mary Hain/HOU/ECT on 02/01/2001 02:31 PM
---------------------------

Steve C Hall
02/01/2001 12:19 PM
To: Mark E Haedicke/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Mary
Hain/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT,
jklauber@llgm.com
cc: robin_tompkins@pgn.com
Subject: CalPX Termination Letter


????  At Leach or the Pool.

 -----Original Message-----
From: 	Barker, James R.
Sent:	Wednesday, September 26, 2001 10:42 AM
To:	Germany, Chris
Cc:	Smith, Rhonda; Tate, Paul
Subject:	Leach

Deal for October:

EES will buy 14288 from ENA at Tco Leach @ IF CGT + .00
EES sells 14288 to ENA at Tco Pool @ IF CGT + .05

JRB


Start Date: 2/2/02; HourAhead hour: 22;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020222.txt


Suzanne is going to track down Heather, then will call you to confirm if 330
works.

Kay

From: Gregg Penman on 10/31/2000 11:50 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: enovate stuff

1)

3) I think we want it to apply to whatever entity employs the individuals
with access.  Most of these people will probably Peoples Energy Corp.
employees, but I suppose we could make it also include all of their
affiliates.  enovate can sign the CA as well, but since enovate doesn't have
any employees I was assuming we could use Peoples Energy as the responsible
legal entity.

4) After 3:00 is fine, let me know for sure soon enough that I can lock Sarah
up.

Thanks,

Gregg

	Kay Mann
	10/31/2000 11:29 AM

		 To: Gregg Penman/Corp/Enron@Enron
		 cc:
		 Subject: Re: enovate stuff

1)The cybergoblins ate the attachment.
2) OK
3) Which Peoples is it?  Also, I think enovate should sign at CA.
4)  I sent Heather an email re her availability.  There's a bunch of
construction near downtown, so I would hesitate to commit to an early call,
but I know I'm free after 300 tomorrow.

Kay

From: Gregg Penman on 10/31/2000 11:25 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: enovate stuff

Kay -

1) Attached is my quick attempt at writing something to make the management
changes at enovate that we discussed.  Could you please review this and add
the appropriate legal language.  I don't think that we need any Board
approval for any of these changes, so is some type of notification sufficient?

2)  I would like to address the idea of signature authorities other than
Laura at the same time.  My suggestion would be that Richard and myself be
granted some level of authority to execute CA's, Master Agreements, etc. that
have been reviewed and approved by legal.  If you can at least pull the
template you used to get approval for the Director you mentioned and see if
there would be any changes necessary that would be helpful.

3) I need to get the CA form for the curves and other information started.
We can discuss this any time you want.

4) What is your availability tomorrow either 8-9:15 or after 3:00 to discuss
the intercompany loan agreement, and will Heather be available?

I will be leaving around 2:00 for suburban trick or treating.

Thanks,

Gregg


Ted,

Thanks for responding so quickly - I will put Thursday, June 1 lunch date on
her calendar and hope you will be able to make it.  If not, I will let Sally
know that she will be meeting w/ Tim Rasnic instead.  I have also scheduled
Monday, June 19 for you & Sally to have lunch.

We look forward to seeing you again,
Patti

"Jacobs, Ted K" <tjacobs@ou.edu> on 05/23/2000 04:43:45 PM
To: "'Patti Thompson'" <Patti.Thompson@enron.com>
cc: "Rasnic, Timothy D" <trasnic@ou.edu>
Subject: RE: Can we reschedule lunch to another day?

Patti,

Go ahead and schedule lunch for Thursday, June 1st. I am trying to
reschedule my Thursday lunch for Wednesday. If not, Tim Rasnic, of the
J.C.Penney Leadership Program will be able to go, as he is going to be in
Houston that day and also needs to visit with Sally about the upcoming Fall
events with Enron. I am hoping I can rearrange my schedule and joining them.
If not, I know I will be in Houston again on June 19 & 20 and will
reschedule with Sally if she is available on those dates (please check her
calendar and let me know). I will let you know about next Thursday soon as I
find out.

Thanks for your efforts in coordinating this.

Ted K. Jacobs
Director Energy Management
The University of Oklahoma
307 West Brooks, Room 218
Norman, OK  73019-4007
405-325-0758
405-325-2096 fax
E-mail: tjacobs@ou.edu
Website: www.ou.edu/business/em

-----Original Message-----
From: Patti Thompson [mailto:Patti.Thompson@enron.com]
Sent: Tuesday, May 23, 2000 3:44 PM
To: Jacobs, Ted K
Subject: Can we reschedule lunch to another day?

Hi Ted,

It's Patti.  An all day meeting has been scheduled for Wednesday, May 31 -
the
day you and Sally were scheduled for lunch.  Any possibility of rescheduling
to
another day?  Sally is available Thursday, June 1.

Just let me know.

Thanks,
Patti


I did contact RISI and they will send it to me by email.

Monika

-----Original Message-----
From: Dimitry, Dirk
Sent: Wed 10/10/2001 8:29 AM
To: Causholli, Monika
Cc:
Subject: RE: Working from home

Uh, were you able to get the price series for MTH?

Thanks
Dirk

 -----Original Message-----
From:   Causholli, Monika
Sent:   Wednesday, October 10, 2001 10:26 AM
To:     Dimitry, Dirk; Rickard, Craig; Bruch, Greg; Bryja, James; Robinson, Richard T.
Cc:     Allan, David; Carter, Karen E.
Subject:        Working from home

I will be working from home for the rest of the day today. If you have any questions you can send them by email as I will be checking it from home.

Thank you,
Monika Causholli


you need to send a bid to pat ryder by noon today for players you want to
pick up

O'Neal.D.Winfree@enron.com on 09/05/2000 10:08:44 PM
Please respond to O'Neal.D.Winfree@enron.com
To: ebass@enron.com
cc:
Subject: Commissioner.COM Transaction Request

This in an automated e-mail sent out from the Commissioner.COM
web site.  Do not reply to this e-mail, but instead please visit
your league's site at http://football.commissioner.com/kourn

-------------------------------------------------------------

Oneal Winfree requests the following transaction:.

  Drop Jason Hanson.
  Add Dedric Ward.

-------------------------------------------------------------

To approve this transaction, please go to your web site and
select Transactions, Requests in the Front Office.


Start Date: 1/16/02; HourAhead hour: 21;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

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This was supposed to be to Jeff and Barbara, but the phone rang.  I can't
recall who knows what.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/06/2001 02:37
PM ---------------------------

Kay Mann
03/06/2001 02:32 PM
To: Barbara N Gray/HOU/ECT@ECT
cc:

Subject: Re: Tripp Scott Proposed Terms of Engagement

Jeff,

Are you up-to-speed on this one?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/06/2001 02:37
PM ---------------------------

Kay Mann
03/06/2001 09:27 AM
To: Marchris Robinson/NA/Enron@Enron
cc: Christi L Nicolay/HOU/ECT@ECT

Subject: Re: Tripp Scott Proposed Terms of Engagement

Hi Marchris,

I'm in ENA Legal, and I'm looking for the right person to discuss this with.
Christi Nicholay suggested I get you involved.  Please give me a call at 713
345 7566 to discuss.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/06/2001 09:29
AM ---------------------------

Ben F Jacoby@ECT
03/05/2001 10:48 AM
Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Tripp Scott Proposed Terms of Engagement

OK. This guy's a lawyer by training, but we're hiring him as a lobbyist.
Roger was previously looking into this, and proposed our standard form
agreement. Steve and I were wondering if we could work off of Tripp Scott's
proposed form, considering that he will not be representing us as our counsel.

Please let me know.

Thanks,

Ben

Kay Mann@ENRON
03/04/2001 02:27 PM
To: Ben F Jacoby/HOU/ECT@ECT
cc:
Subject: Re: Tripp Scott Proposed Terms of Engagement

Ben,

What are these folks supposed to do for Enron?  I had heard a rumor that we
were looking to hire someone to lobby for us on a success fee basis.  Is this
the same deal?  I know on the international side there were hoops to jump
through before such an engagement could be signed off on.  I'll have to check
to see what the drill is on this side of the street.

Kay

	From:  Ben F Jacoby @ ECT                           02/28/2001 12:18 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann
cc:

Subject: Tripp Scott Proposed Terms of Engagement

Per my earlier e-mail, attached is Tripp Scott's form.
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 02/28/2001 12:17 PM
---------------------------

Steven Krimsky@ENRON
02/28/2001 09:11 AM
To: Ben Jacoby/HOU/ECT@ECT
cc:
Subject: Tripp Scott Proposed Terms of Engagement

As discussed, Roger has no problem engaging Tripp Scott.  He does want to use
Enron's standard 9 page engagement letter in lieu of the attached 2 pager
received from Tripp Scott.  Is this necessary - any thoughts?

Steve

---------------------- Forwarded by Steven Krimsky/Corp/Enron on 02/28/2001
09:08 AM ---------------------------

Steven Krimsky
02/16/2001 03:44 PM
To: Ben Jacoby/HOU/ECT@ECT, Roger Balog@ECT, Marchris Robinson/NA/Enron@Enron
cc:

Subject: Tripp Scott Proposed Terms of Engagement

As discussed in Fort Pierce, Tripp Scott is that insurance policy I've been
looking for to help secure the commission vote in Pompano.  Tripp Scott will
also assist us in our door knock campaign in the County & Tallahassee.
Pozzuoli is a mover & shaker and is on a first name basis with Jeb Bush -  he
was the Chairman for the Bush/Cheny Broward County re-count.

Bill Keith & Debbie Orshefsky highly recommends the engagement.

Lets discuss Tuesday.

Steve
---------------------- Forwarded by Steven Krimsky/Corp/Enron on 02/16/2001
03:38 PM ---------------------------

"Edward J. Pozzuoli (Paulette R Segal)" <PRS@trippscott.usa.com> on
02/14/2001 01:56:42 PM
To: steven.krimsky@enron.com
cc: TSCS.TSCS-1.ejp@mail4.allegro.net

Subject: Proposed Terms of Engagement

It was a pleasure meeting with you and Debbie on Monday afternoon.  Per our
discussion, enclosed is Tripp Scott's proposed terms of engagement as well as
an abbreviated description of the firm and its key directors.

I look forward to speaking with you soon.

Ed
 - 239299.WPD
 - 239243.WPD


Please see attached file!


Sara,

Sharon at Cargill called in regards to deal EW5791.1.  She wants to see if we
can delete the Effective Date and Termination Date on the confirmation.

(Since the term is defined in the Determination Period, she thought it would
be less confusing.)

Let me know what you think....

Bernice

Fax to follow.......


Yes, we do have a standard Enron guaranty form.  It is located in
atty.fms/swaps/current forms/guaranty.doc (both the Enron & counterparty
guarantees are in there).


As per Rob Bradley request, I am sending you the draft slides and talking
points for Ken Lay's speech at the Forum on Power & Energy in the West.  We
are expecting Ken's comments tomorrow or Monday morning.  We will  keep you
posted.

Regards,

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

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


Attached are copies of data requests (PN-DS:001, PN-DS:002, PN-DS:003,
PN-DS:004, PN-AL:001, PN-AL:002, PN-AL:003, PN-AL:004) served today by PNGC
on counsel for the DSI parties.

The attachments contain corrections to typographical errors and are
substantively identical. ?

R. Erick Johnson PC
888 SW Fifth Ave, Suite 870
Portland, OR ?97204
Tel: 503.295.2944
E-mail: ?Erick_Johnson@PNGC.com

 - PN_DS_004.Cor.doc
 - PN_AL_002.Cor.doc
 - PN_AL_003.Cor.doc
 - PN_AL_004.Cor.doc
 - PN_DS_001.Cor.doc
 - PN_DS_002.Cor.doc
 - PN_DS_003.Cor.doc
 - PN_AL_001.Cor.doc


Greetings Professor.

Regrettably, I'm on travel in New York City today and can't make it to class
this evening.  I don't anticipate having to miss any other classes this
semester.

Regards,
Jeff


When: Tuesday, March 27, 2001 7:00 PM-8:30 PM (GMT-06:00) Central Time (US &
Canada).
Where: Beech Street

*~*~*~*~*~*~*~*~*~*

I set up a meeting with Gillette Burns to talk about financial planning
stuff.  Will this time work for you?


Due to the Easter holiday, Dynegydirectwill not be available on Friday,
April 13. Dynegydirect will resume normal trading hours on Monday, April
16.

DYNEGYdirect e- care
Customer Support
Dynegy, Inc.
Ph: (877) 396.3493   Fx: (877) 396.3492
Email: ecare@dynegydirect.com


Sally -

I'd like to set up a meeting with you regarding CommodityLogic's credit
exposure tracker.

We are displaying what we call the "exposure tracker" on our site, which will
provide two benefits:  revenue enhancement by providing incentive to visit
the site every day, and control mechanism to automatically turn off early-
and pre-pay options if a counterparty exposure reaches unfavorable levels.

Credit has expressed concern that our numbers will not be completely
accurate.  We need your help in evaluating:

1) the accuracy of the numbers displayed
2) how to improve such accuracy if it is not sufficient, whether in credit or
in the back office

I would like to meet with you, Leslie Reeves, Bill Bradford, and my tech team
sometime early next week to validate our feature.  Please respond with your
availability for Monday or Tuesday and I will set everything up.

thanks!

doug


please put Oct 20,2000 and Dec 29, 2000 on the schedule as vacation days

Thanks


Stephanie -

Please advise the counterparty that we will be terminating the below agreements:

	Master Energy Price Swap Agreement b/t ENRON CAPITAL & TRADE RESOURCES and BELCO OIL & GAS CORP.
	Master Energy Price Swap Agreement b/t ENRON CAPITAL & TRADE RESOURCES and BELCO ENERGY CORP.

There are two reasons why we wish to terminate these agreements.  First, they do not contain threshold/margining provisions, except in the case of a default or material adverse change.  Second, the documents are the old master agreements and not ISDAs.

If the counterparty still desires to trade under the name Belco Oil & Gas Corp., I am happy to provide them with an ISDA draft, but I want to review the latest financials of Westport Resources Corporation (the surviving entity) to assess credit quality and provisions required for the new master.  They will need to provide us with the new financial information.  In the meantime, I am content to allow trading under the ISDA with Westport Oil & Gas Company.

Please let me know if you have any questions.  Thanks,

JRW

 -----Original Message-----
From: 	Panus, Stephanie
Sent:	Wednesday, October 03, 2001 3:30 PM
To:	Rohauer, Tanya; Williams, Jason R (Credit)
Cc:	Jones, Tana
Subject:	Belco Oil & Gas/Westport Resources merger
Importance:	High

Tanya/Jay,
I am forwarding to you documentation from Westport Resources Corporation regarding the merger with Belco Oil & Gas.  As you know, we have existing financial agreements with both companies, as identified below:

Belco Oil & Gas - Master Energy Price Swap Agreement dated July 8, 1999, which has unlimited credit
Westport Oil & Gas Company, Inc. - ISDA Master Agreement dated March 17, 1998

The Counterparty wants to retain the Belco Master.  Please let me know what Credit wants to do.

Stephanie


Scott,

These places carry the Onkyo receiver.  I don't think they carry Polk, but
ask them who you should call for Polk speakers.  The place I got mine from a
couple of years ago no longer carries them.  I'm still looking.  Lee's Audio
& Video have the Onkyo listed at $629.  Their sight is at leesvideo.com

J&R Music World 800-221-8180
Lee's Audio & Video 425-643-5555
Soundcity  800-370-3156

DG


We are continuing work to ensure our new online trading system, UBSWenergy, is ready for launch on the week of Feb. 11, which is the week following the anticipated Enron/UBS Closing Date of Friday, Feb. 8.

To assist in this process, we are planning an online trading simulation for Thursday, February 7 from  0900 to 1100 (CST). It is planned to include all  traders, originators, mid/back-office staff and IT teams who would normally be involved with electronic trading.

Purpose of the simulation - The simulation will test our "live" trading environment (restricted to internal access only) and will:

Test the integrity and functionality of the system and related processes (including credit, risk, legal, operations, etc.)
Provide an opportunity for traders to verify their products and product setup
Demonstrate how the trading system and processes work to UBS staff visiting next week

Nature of the simulation - The simulation will include testing of all processes related to trading and mid/back-office functions:

Credit, Legal, Risk, Operations, and other groups:
Profile tests for "external" customers (role-played by Originators)
Profile tests for internal users (traders, back-office, etc.)
Data and Process checking as completed transactions flow through Mid/back-Office systems

Traders and Originators:
Traders will be managing their individual books and associated products. Although we may be restricted to certain financial products on launch day, both physical and financial will be available during the simulation. Each trader will be asked to manage their individual position and profitability goals for the simulation.
Originators and others will be asked to play the roles of counterparties. Credit limits, etc. will be tested during the simulation.

Information Technology:
Will assist in preparing data on the system for the simulation.
After the simulation is over, will work with the relevant groups to test the trade-data in various systems and risk books
Will ensure all simulation data is removed from the system after the simulation is complete.

Next steps

Traders and Originators will be contacted prior to simulation day to ensure they have appropriate access to the system.
Originators will be assigned specific roles. You should expect to receive an email and/or handout on or before Wednesday, Feb. 6.
UBSWenergy personnel will be meeting with back office personnel over the next several days to ensure everything is in place for the simulation.

Summary

This simulation is an important step towards re-launching our trading business. We appreciate the participation of everyone involved as we prepare for the public launch of UBS Warburg Energy and the UBSWenergy trading platform.

If you have any questions, comments, suggestions, or ideas regarding this simulation, please feel free to contact Bob Shults (30397) or myself (31861).

Regards,
Dave Forster
713.853.1861
E-Mail:	David.Forster@enron.com


Jennifer - 39440

Greg Markell - 212-237-2592
(he is to call into 713 853-3233 - PW 6000


To All:

This update clarify's our trading position with the Sempra relationship on
EOL and over the phone:
-All Sempra entities on EOL should maintain their term of 36 months.  This is
approved as a result of the credit controls of EOL.
-Trading over the phone is OK inside 12 months and should be managed between
12 and 36 months accordingly based on the transaction, counterparty current
exposure, contract collateral rights and credit reserve, if any.
-Exposures should be monitored daily by all members of the credit group.

SDG&E Update:
Short Term Power transactions are OK via phone transactions only.

Russell

---------------------- Forwarded by Russell Diamond/HOU/ECT on 02/05/2001
01:18 PM ---------------------------

From:  Russell Diamond
     02/05/2001 10:27 AM

To: William S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tanya
Rohauer/HOU/ECT@ECT, Nidia Mendoza/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT,
Russell Diamond/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Paul Radous/Corp/Enron@ENRON,
Edward Sacks/Corp/Enron@Enron, Tom Moran/HOU/ECT@ECT, Wendi
LeBrocq/Corp/Enron@Enron, Veronica Gonzalez/HOU/ECT@ECT, Darren
Vanek/NA/Enron@Enron, Martin O'Leary/HOU/EES@EES, Andrew
Greer/NA/Enron@Enron, Jane Wilhite/NA/Enron@Enron, Walter
Guidroz/NA/Enron@Enron, Veronica Espinoza/Corp/Enron@ENRON, Jason R
Williams/NA/Enron@ENRON, Rudwell Johnson/NA/Enron@ENRON, Wendy
Conwell/NA/Enron@ENRON, Tim Davies/LON/ECT@ECT, Oliver Harrison/LON/ECT@ECT,
Lee Munden/LON/ECT@ECT, Neil R Anderson/LON/ECT@ECT, Anna Reich/LON/ECT@ECT,
Claire Viejou/LON/ECT@ECT, Karolina Moran/LON/ECT@ECT, Cecile
Fleury/LON/ECT@ECT, John Suttle/HOU/ECT@ECT, Rod Nelson/LON/ECT@ECT, Sonya
Clarke/LON/ECT@ECT, Diana Higgins/LON/ECT@ECT, Allan
Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Sempra and San Diego Gas & Electric Trading Policy

To All:

Per myself, Jason Williams and Bill Bradford, we have set forth a near term
trading policy with Sempra and SDG&E in light of the California Power
concerns. Please see below:

Sempra trading relationship:
Maintain all trading (any commodity) with in one year.  Transactions outside
of one year need to be approved on a one off basis with due analysis and
credit reserve if necessary.

San Diego Gas & Electric (SDG&E):
Financial and Physical Gas- limit trading to inside three months, no
transactions outside of this term.
No Power transactions.

These relationships will be reviewed and updated once the California
Legislature finalizes its Power bid's.

Regards,
Russell


pls print.  thanks. df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 01/26/2001
03:52 PM ---------------------------

	From:  Dan Fancler                           01/26/2001 10:34 AM

To: David Port/Market Risk/Corp/Enron@ENRON
cc: Vernon Mercaldo/ET&S/Enron@ENRON, Jerry Peters/NPNG/Enron@ENRON, Bob
Chandler/ET&S/Enron@Enron, Drew Fossum@ENRON, James Saunders/FGT/Enron@ENRON,
Lisa Sutton/FGT/Enron@ENRON, Debbie Moseley/ET&S/Enron@Enron, Lee
Ferrell/ET&S/Enron@Enron

Subject: Risk Management Caminus

David Port, ETS is purchasing a trading system from Caminus to track their
transactions.  Included in this system are position reports which the
Accounting Department will be using to report and determine compliance with
the attached policy and procedures, including open positions, VAR, MTM,
approval limits, Greeks, credit risk, stress testing, basis positions,
confirmations and invoicing.  The ETS Risk Management policy requires that
our reporting conform to the corporate standards, accordingly your name was
given to me as the person who could help direct some of the more technical
reporting standards.

Caminus is doing an introduction to their system today from 12:00 am to 3 pm
in 49c2, however I know you will not be back in town until next week.  Vernon
Mercaldo is coordinating the installation of the system and will be needing
your input relating to Corporate reporting standards.  As the project
progresses he will be contacting you.

Attached are drafts of the ETS Policy and Procedures.


Information on capacity release program (VPP) in France

Letter below to the consultants of EDF

Decision on Merger imposing capacity release

Trustee mandate that we proposed to the EU

Initial VPP proposal by EDF

 -----Original Message-----
From:  Sankey, Ross
Sent: 01 June 2001 09:51
To: de Gaulle, Pierre
Cc: Gaillard, Bruno; Philip Davies/LON/ECT@ENRON; Brun, Raphael; Brod, Simon;
Styles, Peter; Dindarova, Nailia; Shaw, Eric; Elliott, Mark
Subject: RE: EdF capacity auctions

All,

I would suggest we need to do the following :-

? Register for the auction and receipt of the IM asap.  Bruno could you
please discuss with Mark and put together our registration document.  I
assume that ECTRL meets the criteria of a trader "registered" in an EU member
state?  Does not appear to be any need to deal with credit support or other
regulatory "qualifiers" such as balancing agreements as yet.  Mark - agree?
Bruno - could you please take care of sending this registration letter (agree
with Pierre who should act as principal contact).
? Establish once and for all the role of Trustee and CRE in the process of
approving capacity release phasing, auction process for each phase and
product specifications AND understand how the "consultation" process will
work once we have the IM.  Hence need to discuss with MTF, then Trustee and
CRE asap ie in June if possible.  Preferably before we meet again with
PWC/Roth....

In addition to Pierre's comments, the PIM also states that strike prices at
least are subject to Trustee review but a number of areas need to be
questioned.

? Capacity Release Phasing.  PIM confirms the 5 year period of the remdey but
also says a review can be requested after 3 years.  Bruno - you need to
review the remedy doc, but I do not see how a 2 year phasing of capacity
release complies with the remedy (at least in spirit).  We would suggest
there is no impediment to offering the FULL remedy in a single phase.  If
theere is insufficient demand they can always have a fall back position to
release unsold capacity on a 6 monthly or annual basis through the 5 year
period.  The current proposal is no more than EdF trying to minimise capacity
release and/or extract max value (can't blame them for trying but it is not
what we want or what remedy requires).  EdF's only real argument is that
phasing will allow more new suppliers to enter at a later date as eligiblity
threshold drops in France.  However, since eligible demand already exceeds
total capacity release this would limit development of competition to
existing eligibles.  As a minimum the release programme for all capacity
should be clearly defined up front; not at the whim of EdF.  Peter - thoughts
on this and how, in context of remedy, we can argue for accelerated single
phase auction (with possible reauctioning of unsold capacity over 5 years)?
? Auction Process : qualifying criteria likely to be more defined in IM; but
no obvious problems here.  I am less sure about nature of auction process.
We obviously need to think it through more, but why not just have a simple
process based on single sealed bids (or an electronic bid process).  The use
of price "clock" controlled by the auctioneer may allow a reserve price to be
set which is clearly not the intent of the remedy - this should be set at
zero for all product groups not subjectively "to ensure excess demand" but
only for certain groups!
? Product Specs : need to understand what if anything can be changed here.
Strikes seem to be subject to Trustee approval, but we need to understand
what else can be influenced eg within day flex.  Since we have already
covered this in previous submissions to MTF, EdF etc this should be easy to
identify as we go forward.

Any comments?

Ross

 -----Original Message-----
From:  de Gaulle, Pierre
Sent: 01 June 2001 09:00
To: Sankey, Ross
Cc: Gaillard, Bruno; Philip Davies/LON/ECT@ENRON; Brun, Raphael; Brod, Simon;
Styles, Peter; Dindarova, Nailia
Subject: RE: EdF capacity auctions & other EU news

Point 1.5: This info is of a preliminary nature and is subject to change. In
addition, it is mentioned in point 6 that registered companies for the
auction will have the opportunity to ask questions and raise issues during
conferences, which will be then considered by EdF.

Specifications of the auction will be finalised by end August. This seems to
leave some room for a complete feedback from registered companies. Let's
discuss the content of the PIM.

I suggest to arrange anothe meeting with PWC/Rothschild in the next few weeks
(week 11-16 June).

What about a potential meeting with the Trustee about the PIM?

Pierre

From: Ross Sankey/Enron@EUEnronXGate on 31/05/2001 19:31
To: Bruno Gaillard/Enron@EUEnronXGate, Philip Davies/LON/ECT@ENRON, Pierre de
Gaulle/LON/ECT@ECT, Raphael Brun/LON/ECT@ECT, Simon Brod/LON/ECT@ECT
cc: Peter Styles/LON/ECT@ECT, Nailia Dindarova/LON/ECT@ECT

Subject: RE: EdF capacity auctions & other EU news

Bruno,

Quel surprise.  Should make your follow up with the MTF interesting as to the
role of the Trustee.

One point to note for both MTF and Albers at COMP - the lack of within day
flexibility is hardly in keeping with the intention of supporting development
of retail supply to end users with fluctuating demand.  Suppliers will thus
be at the mercy of EdF in the balancing market.

In addition, how on earth can they be allowed to take 2 years to complete the
process?  How does that fit with merger remedy?

Somewhat ironic that they have the document in English!

Lets discuss what if anyhting we can do after you have spoken with MTF.

Regards,

Ross

 -----Original Message-----
From:  Gaillard, Bruno
Sent: 31 May 2001 19:03
To: Philip Davies/LON/ECT@ENRON; Sankey, Ross; de Gaulle, Pierre; Brun,
Raphael; Brod, Simon
Cc: Styles, Peter; Dindarova, Nailia
Subject: RE: EdF capacity auctions & other EU news

Obviously a done deal - interestingly the Trustee is not mentioned. EDF has
the capacity offering on its web page
http://www.edf.fr/htm/en/enchere/enchere and has a detailed document in
English but not in French yet. They also has EFET under industry links as
well as the CRE, DIGEC.

Attached is EDF's presentation of the product. After a quick look, it seems
that flexibility is not a option (nomination at noon, and price has not
changed)

 << File: VPP MIP.pdf >>
Bruno

31/05/01 UK: EDF ISSUES DETAILS OF ITS FIRST CAPACITY AUCTION.
LONDON, May 31 (Reuters) - French utility Electricite de France (EdF)
announced on Thursday details of its first auction to sell electricity
production capacity to competitors. EdF was required by the EU Commission in
February to give access to some of its generation capacity as a condition for
EU approval of its purchase of a 25 percent stake in German utility EnBW.
In the next two years, EdF will auction a total of 6,000 megawatts which
include 1,000 MW of peak capacity sold at a price of 26 euros per megawatt
hour (MWh) and 4,000 MW of baseload at a price of eight euros/MWh.
In addition, 1,000 MW of cogeneration production capacity will be made
available. Production from cogeneration plants is bought by EdF from smaller
producers under long-term contracts.
"With such contracts, electricity suppliers and traders will be able to have
electricity without the technical and operational risks of running a power
plant," said EdF in a statement.
The price for cogeneration capacity will be made public a few weeks before
the auction as it depends on gas price movements, EdF said.
The auction will take place in several tranches, the first one starting in
September, when 200 MW of peak capacity will be auctioned, 800 MW of baseload
and 190 MW of cogeneration.
The whole 6,000 MW should be sold by October 2003.
EdF, which has a 94 percent share of the French generation market, has a
total installed capacity of 103,500 MW.

 -----Original Message-----
From:  Dindarova, Nailia
Sent: 31 May 2001 17:20
To: Gaillard, Bruno; Philip Davies/LON/ECT@ENRON
Subject: EdF capacity auctions & other EU news

FYI see attached
---------------------- Forwarded by Nailia Dindarova/LON/ECT on 31/05/2001
17:07 ---------------------------

 << OLE Object: Picture (Device Independent Bitmap) >>
"Sandra James" <Sandra_James@electricity.org.uk> on 31/05/2001 17:11:51
To: <david.love@british-energy.com>, <rob.plaskitt@british-energy.com>,
<shercock@compuserve.com>, <jgreen3@edisonmission.com>, "Gwyn Dolben"
<Gwyn_Dolben@electricity.org.uk>, <KHanks@enron.com>,
<Nailia.Dindarova@enron.com>, <Peter.Styles@enron.com>,
<mwedg90@entergy.com>, <alison.cole@innogy.com>, <DAVID.TOLLEY@innogy.com>,
<peter.heffer@magnox.co.uk>, <ALAN.CLARK@natpower.com>,
<David.Burnett@nie.co.uk>, <Gordon.Dunlop@nie.co.uk>, <Chris.Price@pgen.com>,
<david.densley@scottish-southern.co.uk>, <shamblyn@seeboard.com>,
<Brian.Samuel@txu-europe.com>, <Phil.Hardy@txu-europe.com>,
<andy.papageorgi@uk.ngrid.com>, <christine.brown@uk.ngrid.com>,
<judith.ward@uk.ngrid.com>, <louise.petchell@uk.ngrid.com>,
<michael.metcalfe@uk.ngrid.com>, <James.Sheward@uuplc.co.uk>,
<Arthur.Probert@yeg.co.uk>, <gail.antrobus@yeg.co.uk>,
<Gail.Silcock@yeg.co.uk>, <joanne.bridge@yeg.co.uk>
cc:

Subject: EdF capacity auctions & other EU news

Dear All

Please see attached news items from this afternoon, including details of
EdF's sale of capacity.

Regards

Sandra

*****************************************************************
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Unless you are that person, or authorised to receive this e-mail, you
must not copy or use it or disclose it to anyone else.  If you have
received this e-mail in error, please contact the sender.  Thank you
for your cooperation.
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(Reg. in England No: 2366837).
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 - eunews 31may pm.doc << File: eunews 31may pm.doc >>


Zimin,

I have a copy of the article.
I agree with you. The model is
essentially the same (in intentions).

I shall distributed the copy of the paper
to the trades here. It explains
well the logic behind the model and it's
an independent source.

Vince

Zimin Lu
05/30/2000 10:44 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Stinson Gibner/HOU/ECT@ECT
Subject: Re: hello from london

Vince,

I got the article.  I can make a copy for you when I get back.
The article is pretty much for marketing purpose.   My reading
from that paper is as follows:

1. solve optimal exercise bounday using stocastic DP;
2. runing price trajectory to tracking storage level to give average storage
cycling;

Our model addresses the same issues,  althrough maybe the implementation is
not quite the same.

I will fax to you if I can find the article here.

Regards,

Zimin

Vince J Kaminski
05/30/2000 09:56 AM
To: Zimin Lu/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: hello from london

Zimin,

There was an interesting article on gas storage modeling
by people from Camminus in the March issue
of Energy and Power Risk Management.
Please, see if you can get this article.

Vince

Zimin Lu
05/30/2000 04:59 AM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
cc: Anjam Ahmad/LON/ECT@ECT
Subject: hello from london

Vince and Stinson,

I am in the London office this week. Things are quite nice here.  My host
Anjam arranged a full itinerary for me.
Tuesday is reserved for Anjam to talk about various subjects including
inflation modeling, power vol curve,
mean reverting price & vol model, and I will talk about the spot and
multi-factor models, XLL. Wednesday, I
will concentrate on the gas storage model with  Natasha Danilochkina.
Thursday and Friday I will talk to
Haakan Olafsson, Mark Jones, Anjam, and Natasha about UK gas forward curve
simulation, gas swing model,
and implementation issues of UK virtural storage model.   I will give you a
full report when I get back.

It is cold and rainy here in London. It makes me feel sunny and hot Houston
actually is not that bad.

Zimin