Thanks Dutch.  I look forward to hearing your thoughts on this. These are
pretty basic questions, so do you think you have answers for me by end of
the week? Please let me know if you need clarification.

Thanks again,
Ann

            Dutch.Quigley@enron.c
            om                           To:     Ann S. Chen/Internal/Accenture@Accenture
                                         cc:
            11/08/2001 09:07 AM          Subject:     RE: Questions regarding storage

I canceled this meeting , I will look at the info and get back to you

    -----Original Message-----
   From:   ann.s.chen@accenture.com@ENRON
   Sent:   Thursday, November 08, 2001 8:44 AM
   To:     Quigley, Dutch
   Subject:  RE: Questions regarding storage

   Hi Dutch --
   Yes, we can discuss this at the 2:30 meeting.

   Talk to you then!
   Ann

               Dutch.Quigley@enron.c
               om                           To:     Ann S.
   Chen/Internal/Accenture@Accenture
                                            cc:
               11/07/2001 03:45 PM          Subject:     RE: Questions
   regarding storage

   Anne

   Can we discuss this tomorrow when I meet from 2:30 to 4:30

   dq
       -----Original Message-----
      From:   ann.s.chen@accenture.com@ENRON
      Sent:   Wednesday, November 07, 2001 3:30 PM
      To:     Quigley, Dutch
      Subject:  Questions regarding storage

      Hi there Dutch!

      How are you? Hope you're doing well.

      We having been working on a storage problem that Philip as given us
   the
      framework for.  In working out the details, we've come across a few
      questions that we know you can help us answer. I've included Philip's
      description of this problem in the word doc below, just for
   reference.

      1) In Philip's document, he lists discount factors over the months.
   We
      understand that since the users are making storage decisions and
   hedging
      future months, they need to take time value of money into account.
   What
      is
      actually being discounted? Is it NYMEX? Is it prices of the
   instruments?
      How does that factor into user's storage decisions?

      2) In our problem, we ask the user to fill out a storage schedule and
      then
      select instruments to hedge positions created by the storage.  In our
      other
      scenarios we have initial and natural position split out into the
   Enron
      risk buckets (Price, Index, Basis, GD) and have users choose the
      appropriate hedging instruments based on the risk areas the
   instruments
      cover.  In this storage scenario, the only positions created are by
      storage
      decisions.  What risk bucket would storage create a position in? My
      thoughts are that if the only positions created are by storage, then
      would
      the user really need only 1 type of instrument to hedge their risks?

      Thanks in advance for your help, Dutch!

      Ann

      (See attached file: Storage Problem.doc)

      This message is for the designated recipient only and may contain
      privileged, proprietary, or otherwise private information.  If you
   have
      received it in error, please notify the sender immediately and delete
      the
      original.  Any other use of the email by you is prohibited.
       - Storage Problem.doc << File: Storage Problem.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.
   **********************************************************************

   This message is for the designated recipient only and may contain
   privileged, proprietary, or otherwise private information.  If you have
   received it in error, please notify the sender immediately and delete
   the
   original.  Any other use of the email by you is prohibited.

This message is for the designated recipient only and may contain
privileged, proprietary, or otherwise private information.  If you have
received it in error, please notify the sender immediately and delete the
original.  Any other use of the email by you is prohibited.


Tana:
This would be any ETA amendment to Sections 6(a) and 6(e).  Enclosed is one
example.  I don't think that we did that many because this number has only be
out there for a few weeks.
Carol

	Tana Jones
	06/14/2000 08:58 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: Terminations number

I don't know what a terminations number is?!

	Carol St Clair
	06/12/2000 11:52 AM

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

Tana:
Can you tell me if any of the more recent ETA amendment letters that we have
sent out for execution refer to the new termination number?  My recollection
is that maybe only 1 or 2 did.
Carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/12/2000 11:51 AM -----

	David Forster@ENRON
	06/12/2000 09:23 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Terminations number

Carol,

It looks like we may have to change the Houston terminations phone number.
Can you tell me how many customers will be affected?

I will forward a new number once known (probably later this week). Will Tana
be handling the change notification?

Dave


CGoering@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hour beginning 05:00 in the April 28, 2001 Real-Time
Market as well as the following hours per ECA20001006B to verify prices:

PJM: 01:00, 03:00, 04:00, 06:00 and 21:00
HQ:  06:00 and 21:00
OH:  06:00 and 21:00
NE:  06:00 and 21:00

Prices in the April 29, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be found
at
the following address on our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


Susan:  I wanted to clarify  whether Enron Australia Pty. Ltd. needs to
execute ISDA Master Agreements with the SAME counterparties which already
have agreements with ENA (and vice versa).  As an example, I can only rely
upon tax advice ENA has previously received in connection with the services
agreement between ENA and ECT Canada.  For book and tax purposes, the trade
is recorded on the risk books of the Enron affilate ultimately booking the
trade but the transaction is actually documented in the name of the Enron
affiliate having the Master Agreement with the counterpary.  The Enron
affiliate having the Master Agreement with the counterparty then transacts
with Risk Management & Trading Corp. (through a bulk swap arrangement).  The
credit risk remains with Risk Management & Trading Corp. (through an internal
back to back transaction with the "booking" Enron affiliate)  for which the
"booking" Enron affiliate will presumably pay a fee pursuant to the services
agreement.

Consider:  ENA is negotiating an agreement with Commonwealth Bank of
Australia.  Will Enron Australia require a separate master with Commonwealth
Bank of Australia?  Or will the services agreement permit the hereinabove
described arrangement?


Hi Warren,

Please print these and set me up a binder called NIMO May 2001 Bid.  Please
index the documents.  It would make sense for the documents to be in the same
order as they are on the email.

Thank you.  Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/23/2001 03:21
PM ---------------------------
From: Michael Brown/ENRON@enronXgate on 04/23/2001 03:13 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: FW: NIMO Contracts

Please find the following to be all the contracts we can find pertaining to
the NIMO transaction.

ENJOY!!!!

mlb
x31930

 -----Original Message-----
From:  Meyn, Jim
Sent: Monday, April 23, 2001 2:14 PM
To: Brown, Michael
Subject: NIMO Contracts

Proposed SOS, PPA and MPS contracts from NIMO

Letter from NIMO outlining bidding instructions and bidding options


I haven't forgotten.  We've been short staffed and swamped.  Sara

	John Viverito@ENRON
	06/08/2000 03:54 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: UK and Australian Arrangements for Trading on Behalf of ENA Through
a Facilitating Agent to Avoid Categorization as a Permanent Establishment

Sara-

Pursuant to my voicemail message of yesterday, it would be very helpful if
you would assist me in locating the Service Agreements relating to the
captioned matters.

Thanks,

John


me too!

 -----Original Message-----
From: 	"Jennifer Bowles" <jkbowles@hotmail.com>@ENRON [mailto:IMCEANOTES-+22Jennifer+20Bowles+22+20+3Cjkbowles+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, June 19, 2001 11:46 AM
To:	Scott, Susan M.
Subject:	RE: You are so creative....

PERFECT!  I hope it works out!

>From: Susan.M.Scott@enron.com
>To: jkbowles@hotmail.com
>Subject: RE: You are so creative....
>Date: Tue, 19 Jun 2001 11:39:39 -0500
>
>so you can only buy tickets at the Mucky Duck...I may go by right after
>work to try and get them...Do you want me to just call you on your cell
>phone and let you know if we've got actual seats?
>
>     -----Original Message-----
>    From:   "Jennifer Bowles" <jkbowles@hotmail.com>@ENRON
>
>[mailto:IMCEANOTES-+22Jennifer+20Bowles+22+20+3Cjkbowles+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
>
>
>    Sent:   Tuesday, June 19, 2001 9:58 AM
>    To:     Scott, Susan M.
>    Subject:  RE: You are so creative....
>
>    Sounds good... my one conflict is that I have Book Club and it is over
>    at
>    8:30... I can scoot out and we can eat or whatever... lemme know... I
>    really
>    want to hear live music with you sometime in the near future! :o)
>
>
>    >From: Susan.M.Scott@enron.com
>    >To: jkbowles@hotmail.com
>    >Subject: RE: You are so creative....
>    >Date: Tue, 19 Jun 2001 09:53:31 -0500
>    >
>    >So if I can get tickets (actual seats...not standing room only) are
>you
>    >game for tonight?  The concert starts about 8:30 so I figure we would
>    try
>    >to get there early enough to get decent seats and possibly eat.  Let
>me
>    >know.
>    >
>    >Sue
>    >
>    >Sorry no call last night...I passed out cold when I got home.  Also,
>    I'm
>    >dying to hear about the Jonatha Brooks concert.  I had planned on
>    going,
>    >but a high school friend's bachelorette party conflicted.  I was
>really
>    >wanting to see Kim Richey...I'm wearing a hole in my CD.
>    >
>    >
>
>    _________________________________________________________________
>    Get your FREE download of MSN Explorer at http://explorer.msn.com
>
>

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


Joe,

Thanks for the email.    I am looking forward to the trip and learning more
about what you are doing thus how we can help.  If we would have had any idea
that Europe could have been as big as it has become, we would have done some
things differently and we can get a head start with Japan.  Thursday sounds
great and just let me know about Friday.  Is Anthony in japan during the
trip?  Remember,  I am not a technologist and therefore can't discuss
technology specific applications just the business concepts and potential
ideas and opportunities.

A couple of other questions about the trip.  Do you want me to make any
presentations while i am there or simply talk about our plans?  Also, what is
the appropriate dress code.  I am assuming suits but i didn't want to make
any assumptions about new cultures.  Do you have any cultural facts that you
can fax me about the do's and don'ts of both cultures?  Do I have clear
instruction how to take the train from the airport.  I normally get a driver,
I am uncomfortable in new countries that I can't speak any of the language.
If there is a way to get lost, I'll find a way.

One more item, could you please have your assistant set up a message for me
at the hotel.  I am usually very stiff and sore after a long trip and it
really helps.  Make sure it gives me a enough time to arrive to the hotel
after the trip.  I would also prefer a female if that is acceptable to the
Japanese culture.

Thanks,
Mike

Joseph P Hirl@ENRON_DEVELOPMENT
06/07/2000 07:25 PM
To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Re: Japan trip

Mike,

We are looking to accomplish a number of things while you are here over
Thursday and Friday.  Thursday's schedule is fairly set, and we are working
on Friday.  Thursday morning through to the afternoon we would present to you
the current state of the business and the initiatives/proposition/etc for
enron.co.jp.  This would take us through mid afternoon.  We would then go
over to EPower and we would ask you to give a talk on the state of technology
at Enron and the initiatives within Net Works.  We would bring EJ over to
EPower for your talk.  Afterwards we would have drinks with the main
commercial team at EPower and EJ.  Dinner to be arranged for a smaller
group.  On Friday, we would like to use the time to set up some meetings with
key IT/tech companies here in Japan.  To date, we have not yet met any of
these companies, but there is currently an extraordinary amount of activity
in the country.  We are looking to leverage some of Enron's banking
relationships to get as high a level meeting as possible with the likes of
Softbank.  We are also asking for other suggestions from the banks.  We are
also considering a potential talk with the American Chamber of Commerce on
Enron and Enron Technology.  The ACCJ is one of the most active and largest
chambers in the world and bring in some quite interesting speakers.  We will
have more on this.

For the weekend we have recd some suggestions from the Hotel and will pass
these along to you shortly.

I will be travelling with you on Sunday on the trip to Seoul.

Joe

To: Joseph P Hirl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Cathy Phillips/HOU/ECT@ECT
Subject: Japan trip

Joe,

I am looking forward to the upcoming trip.

Everything is all set for Korea but what do you suggest as an agenda for my
two days in Tokyo?  Also are there some presentations or items that i could
review before I arrive that you believe might be helpful?  I will also be
there over a weekend, I would like to do some site seeing on Sat and Sunday
(my flight to Korea leaves on Sunday late afternoon).  I would appreciate
some suggestions and I will need a guide, could you have someone arrange it
for me?

Thanks, and Cathy will co-ordinate everything.

Mike


Start Date: 4/17/01; HourAhead hour: 3;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041703.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 3 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/17/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: WHEEL


The financial agreement is with Petro-Canada.  We don't appear to have
received any notice to the contrary.


Hi Folks,

As we head into your FF Playoffs, weather is a real factor in many games.
Knowing how it will affect your players can be huge.  With that in mind, I'm
pleased to introduce our Weather Guru, Mike McVay.  Mike's a Meteorologist
with WOWK - TV in West Virginia.  He also happens to be a very successful
Fantasy Football Fanatic.  What a deal.  Not unlike when I call on my
Physician friends for injury advice, Mike will offer his expert insights to
give you a sneak peek at how the weather may affect key games.

I'll see you early Thursday morning with our Matchups to Avoid and Exploit
and Players in the News.  In the meantime, here's an early look at some
developing weather situations that could affect your players this weekend.
Thanks Mike!

Joe

SEATTLE @ DENVER:  This one is worth monitoring.  The last game at Mile High
this year could get interesting.  A major snow storm will be brewing in the
Rockies on Sunday and heavy snow could cause problems for both the Seahawks
and Broncos.  Safest bets here are with the RBs.  What initially looks like
a high scoring game on paper, may actually become a ground game with a lot
of turnovers resulting in a low final score.

DETROIT @ GREEN BAY:  More snow potential here.  Not a major storm, but
possibly enough to once again affect the passing game.  I'd shy away from
QBs and WRs if you have better options.

CAROLINA @ KANSAS CITY:  This game will be ugly for the fans at Arrowhead. A
cold, steady rain with temps in the 30s for the start of this one.  The
Chiefs can't run the football, so this one could get interesting. Carolina's
Defense might actually be worth a gamble in this one.

CINCINNATI @ TENNESSEE:  Showers are likely throughout the game, but with
these two teams it shouldn't matter.  They both like running the football
anyway.

NEW ENGLAND @ CHICAGO:  I think the rain/snow will hold off until after game
time in this one.

PHILADELPHIA @ CLEVELAND:  Slight chance for rain/snow showers, but
shouldn't affect the game much.

TAMPA BAY @ MIAMI:  Slight chance for showers, but both of these teams are
used to this kind of weather.

Mike McVay
StormTracker13
Meteorologist
WOWK-TV

To unsubscribe from this group, send an email to:
cheatsheets-unsubscribe@egroups.com


fyi

Chris Calger
503-464-3735

 -----Original Message-----
From: 	Gustafson, Mollie   On Behalf Of Calger, Christopher F.
Sent:	Thursday, October 18, 2001 2:05 PM
To:	DL-Portland World Trade Center
Subject:	Middle Market Group

Tim Belden and I are pleased to announce that Jim Buerkle, Chris Lackey and John Van Gelder are joining the Middle Market Group.  The Middle Market Group will continue to focus on commodity marketing throughout the WSCC under the leadership of Stewart Rosman, Paul Choi and John Malowney.  This group will report to me to enable closer coordination and integration with our Origination group and to ensure that Enron has complete and seamless coverage of the power market.   Chris Foster will continue to lead our growing services business and report to Tim.

Please join me in congratulating Jim, Chris and John on their new roles.

Chris Calger


Yes I did.  Muchas Garcias !!

 -----Original Message-----
From: 	Farrell, Keegan
Sent:	Wednesday, September 05, 2001 2:46 PM
To:	Perlingiere, Debra
Subject:	RE: Denver office deals - Confirmation Procedure

Hey Miss Debra,

I just wanted to verify that you got the location notice for tomorrow's meeting.  Thanks,

Keegan

 -----Original Appointment-----
From: 	Perlingiere, Debra   On Behalf Of Wallumrod, Ellen
Sent:	Wednesday, September 05, 2001 1:50 PM
To:	Farrell, Keegan
Subject:	FW: Denver office deals - Confirmation Procedure
When:	Thursday, September 06, 2001 2:00 PM-3:00 PM (GMT-06:00) Central Time (US & Canada).
Where:	EB38 - we'll find a confrence room - let's meet in Gerald's office

 -----Original Appointment-----
From: 	Wallumrod, Ellen
Sent:	Wednesday, September 05, 2001 10:15 AM
To:	Wallumrod, Ellen; Staab, Theresa; Nemec, Gerald; Perlingiere, Debra; Richardson, Stacey
Subject:	Updated: Denver office deals - Confirmation Procedure
When:	Thursday, September 06, 2001 2:00 PM-3:00 PM (GMT-06:00) Central Time (US & Canada).
Where:	EB38 - we'll find a confrence room - let's meet in Gerald's office

Due to a conflict, we will move the meeting to 2pm - hope everybody can make it.


Below is a list of attorneys that are visiting the Houston office prior to
the ENA Legal Conference.

Atty	Home Location	Ext.	Office
Justin Boyd	London	(713) 345-2520	EB3808
Rahul Saxena	London	(713) 345-2678	EB3807
Mathew Dawson	London	(713) 345-2680	EB3812
Mark Evans	London	(713) 345-2679	EB3811A
David Minns	Australia	(713) 345-2682	EB3883
Matt Lee	Japan	(713) 345-2681	EB3828
Limor Nissan	New York	(713) 345-2683	EB3891
Alison Moss	Teesside	(713) 345-2722	EB3858F


Great news!   Thanks.   Mark

	Peter Keohane
	03/20/2001 07:07 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: Rob Milnthorp/CAL/ECT@ECT
		 Subject: Re: Blue Range Resource Corporation

Mark, I thought you might be interested in the attached note Elizabeth kindly
sent to me.  I can't emphasize enough the number of significant issues we
were able to accomplish in Blue Range, which included not just the first
decision in Canada regarding the categorization of physicals and financials
as forward contracts (we call them eligible financial contracts) entitled to
protection under insolvency (which Elizabeth has referred to as the safe
harbor), but also included:  the first decision in Canada that a shareholders
claim against management for neglect, although normally an unsecured claim is
subordinated in insolvency; a decision confirming rights of set-off both
before and after the insolvency; and at least quadrupling our anticipated
recovery by making a bid to by Blue Range's assets out of the insolvent
estate.  Regards, Peter
---------------------- Forwarded by Peter Keohane/CAL/ECT on 03/20/2001 03:54
PM ---------------------------
From: Elizabeth Sager on 03/20/2001 03:09 PM CST
To: Peter Keohane/CAL/ECT@ECT
cc:
Subject: Re: Blue Range Resource Corporation

Peter

Just wanted to let you know that all the great work in Blue Range is paying
off in the US - citing Blue Range, a Houston bankruptcy court correctly
decided that a gas contract was a forward contract relative to the US safe
harbor provisions.  If you want a copy of the opinion let me know.

Hope all is well.

Elizabeth  713 853 6349


Kim:  Here's EWEB's response.  I can't tell if they understand my point.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/01/2001 06:28 PM -----

	"Dick D VARNER" <Dick.Varner@EWEB.Eugene.OR.US>
	05/01/2001 06:20 PM

		 To: <Sara.Shackleton@enron.com>
		 cc: "Bert I DUNN" <Bert.Dunn@EWEB.Eugene.OR.US>
		 Subject: Re: Representations for ISDA Transaction

I thought Bert had done that, but I will ask him to double check.

>>> <Sara.Shackleton@enron.com> 05/01/01 04:19PM >>>
Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/01/2001 06:18 PM -----

                    Sara
                    Shackleton           To:     "Dick D VARNER"
<Dick.Varner@EWEB.Eugene.OR.US>@ENRON
                                         cc:     Kimberly
Hundl/Corp/Enron@Enron
                    05/01/2001           Subject:     Re: Representations for
ISDA Transaction(Document link: Sara
                    05:11 PM             Shackleton)

Dick:

That will be fine.  However, you need to attach the trade confirmation (
marked Exhibit "A") to each of your certificates since that is how each
certificate is drafted.

Thus, for the April 12, 2001 transaction, please resend your certificates
with the appropriate attachments as referenced in the certificates.
Please call if you have any questions.

Thanks for ;your assistance.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Dick D VARNER"
                    <Dick.Varner@EWEB.Eug        To:
<Sara.Shackleton@enron.com>
                    ene.OR.US>                   cc:
                                                 Subject:     Re:
Representations for ISDA Transaction
                    05/01/2001 04:02 PM

From our end, we would like to have the direct reference to the specific
confirm.  I know it is a little more hassle, but it works better for us
politically.

>>> <Sara.Shackleton@enron.com> 05/01/01 01:14PM >>>
Dick:

I never heard back from you regarding my email of 4/18/01.  I had asked if
you would mind revising the forms of certificate which we will attach to
each trade confirmation.

We would appreciate revisions to the April 12, 2001 certificates.  This
will be the format for all future transactions.

Please send revisions to Kimberly Hundl.  Her phone number is (713)
853-1647 and fax if (713) 646-2443.

Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/01/2001 03:07 PM -----

                    Sara
                    Shackleton           To:     "Dick D VARNER"
<Dick.Varner@EWEB.Eugene.OR.US>@ENRON
                                         cc:     Kimberly
Hundl/Corp/Enron@Enron
                    04/18/2001           Subject:     Re: Representations
for ISDA Transaction(Document link: Sara
                    10:57 AM             Shackleton)

Dick:

I am suggesting a minor change to the "Power Risk Management Committee"
certificate (to eliminate the reference to the Exhibit "A").  If we leave
the reference in the certificate, you will always have to label the confirm
as Exhibit "A" and resend the completed papers to us.  Please let me know
if you are alright with this change.  If so, we ask that you please resend
the certificate dated April 12, 2001.  If you do not wish to make the
change, please resend the two certificates to which the confirmation
labeled Exhibit "A" is attached.

Please call if you have any questions.  Thanks.

(See attached file: EWEBISDA Confirm RepresentationsR1.doc)

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Dick D VARNER"
                    <Dick.Varner@EWEB.Eug        To:
<Sara.Shackleton@enron.com>
                    ene.OR.US>                   cc:
<Holli.Krebs@enron.com>
                                                 Subject:     Re:
Representations for ISDA Transaction
                    04/12/2001 07:00 PM

Thanks, Sara.  No problem making the changes.

>>> <Sara.Shackleton@enron.com> 04/12/01 01:56PM >>>

Dick:

Attached are my comments to the certificates.  We will need to attach the
form of confirmation to be certain that each particular transaction is
authorized.  Let me know if you have any questions.  Thanks.

(See attached file: EWEBISDA Confirm RepresentationsR1.doc)

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Dick D VARNER"
                    <Dick.Varner@EWEB.Eug        To:
<sara.shackleton@enron.com>
                    ene.OR.US>                   cc:
<Holli.Krebs@enron.com>, "Bert I DUNN"

<Bert.Dunn@EWEB.Eugene.OR.US>
                    04/12/2001 11:09 AM          Subject:
Representations for ISDA Transaction

Attached are drafts of two certificates which I believe will satisfy you
needs.  Please get back to me with any comments.

(See attached file: ISDA Confirm Representations)


Hi,
The attached document outlines the Netco testing schedule for today and tomorrow. The focus for today is to complete the scenarios which were not completed last Friday because of various issues and the focus for tomorrow is to perform a complete end-to-end test of all the scenarios. The Bridgeline (800-711-8000 Code 3454709) will be open during the testing times. We request that all application owners be dialed into the bridgeline to expedite the resolution of any issues that might come up.

Thanks again for all your support.
------------------------------
Aftab Saleem
Phone: 713-345-1727
Mobile: 713-302-8720

-----Original Message-----
From: Smith, Regan M.
Sent: Sunday, January 20, 2002 12:16 PM
To: Allen, Thresa A.; Anderson, Diane; Aucoin, Evelyn; Baker, Natalie; Baxter, Bryce; Bentley, Corry; Bowen, Bob; Brackett, Debbie R.; Campos, Anthony; Dahlke, Andrea; Dawes, Cheryl; Denny, Jennifer; Denton, Rhonda L.; Dupuy, Mark; Engel, Tom; Evans, Casey; Campos, Sylvia A.; Gillis, Brian; Garcia, Clarissa; Hare, Bill D.; Hayden, Frank; Heal, Kevin; Hilliard, Marlene; Hunter, Larry Joe; Huntley, Kelley; Jaquet, Tammy; Kenne, Dawn C.; Lozano, Melba; Mcginnis, Stephanie; McLaughlin Jr., Errol; Meredith, Kevin; Murphy, Melissa; Price, Wade R.; Reeves, Kathy; Richardson, Stacey; Robinson, Rhonda; Rodriguez, Bernice; Schield, Elaine; Schrab, Mark L.; Seib, Dianne; Severson, Russ; Spears, Christopher; Stevens, Mechelle; Sullivan, Patti; Sweitzer, Tara; Theriot, Kim S.; Vander velde, Nikole; Wallumrod, Ellen; Winfree, O'Neal D.; Wynne, Rita; Chitradurga, Sundar; Cinelli, Steve; Elwood, Richard; Franks, Shawn; Greig, Iain; Hunter, Wade; Johnson, Jeff; McKeel, Richard; Nolte, Ron; Powell, John D.; Ramesh, Ganapathy; Saleem, Aftab; Sanvido, Terry; Schmidt, Mark; Smith, Regan M.; Fortney, Bill; Lim, Francis S.; Poston, David; Bharathi, Jaikishore; Pena, Matt; Schomer, Chris; Henry, Jane Hilburn; Stock, Steve; Brewer, Charles; Martinez, Bob
Subject: Status report of NETCO integration testing from Friday, Jan. 18th and next weeks testing...

Status report of integration testing from Friday, Jan. 18th (executed subset of Gas/ Power scenarios to test that all platform components are setup)

Thanks to all those involved in user integration testing last week.  Numerous issues were identified and resolved throughout testing, and many people worked late Friday evening (and weekend) to resolve outstanding issues.  Infrastructure made super headway with creating the NetCo nc_t_xxxx id's and quickly addressing the startup script issues.

A spreadsheet is attached of the outstanding/ resolved issues.  Issues could be resolved but not confirmed through testing, or not communicated back to the test team.  If any testing issues are missing and not reflected, please email Terry Sanvido or myself to assist with tracking and resolution.

Canada/ Portland testing
Some users were able to test/ validate their startup/ applications.  The NetCo terminal server ( <http://remoteservices.netco.enron.com>) is available (Trading Cluster, GPC).  We are requesting for the Canada/ Portland users to test according to the schedule below.  Richard McKeel will assist with escalation to Houston.
 <http://remoteservices.netco.enron.com/>

Where we left off with testing:
Gas testing                       Unify volume management, logistics, and Settlements; awaiting data replication fix.
Power testing                   Kelley Huntley/ Unify Settlements; awaiting data replication fix.
Financial testing                Mechelle Stevens/ Unify Settlements; awaiting data replication fix.
Canada/ Portland testing   Some testing conducted; awaiting any issues

Schedule for Tuesday 01/22 - resolve issues and complete subset testing scripts
9:00am daily IT status meeting.  Review spreadsheet and discuss any issues outstanding from testing.  Work to resolve all issues before user testing startup at 1:00pm.

1:00pm - 4:00pm Continue with subset testing scripts
     (1) Continue with testing left off on Friday - mainly Unify and SAP
     (2) Canada/ Portland to continue pre-testing and report issues
     (3) Re-validate any open issues from last week that are resolved but not confirmed
     - Bridgeline open to discuss issues (800-711-8000; code #3454709)

4:00 pm - IT to continue with testing of deletion/ truncation scripts to prepare for Wednesday

Last week's testing - not all systems have removed their estate data
Given application unit testing was crossing the same schedule as user integration testing, not all systems have completely deleted (truncated) their estate data (contracts, desks/ portfolios, estate data, addresses).  The next user test needs to be conducted in an environment that emulates a 'go live' for Netco.
It's requested for all IT systems to have completed removal of data (truncation scripts) by 10:00am on Wednesday.  Global will have to repush the NetCo data before the testing.

Schedule for Wednesday 01/23 (complete set of scenarios to be tested)
(1) By 11:00am - all IT systems to have deleted any estate data & backups completed
(2) 11:00am - Global to repush any setup data if needed
(3) 12:00pm - global data setup by users
(4) 1:00pm - 5:00pm User integration test of all test scenarios.  The goal is to test 'end to end' to ensure the all issues are resolved, and data removal and resetup is valid.
- Bridgeline open to discuss issues (800-711-8000; code #3454709)

We appreciate your support as we work towards setting up the NETCO!

-----Original Message-----
From: Saleem, Aftab
Sent: Thu 1/17/2002 5:19 PM
To: Hare, Bill D.; Rodriguez, Bernice; Richardson, Stacey; Campos, Sylvia A.; Sweitzer, Tara; Kenne, Dawn C.; Garcia, Clarissa; Severson, Russ; Winfree, O'Neal D.; McLaughlin Jr., Errol; Campos, Anthony; Hunter, Larry Joe; Baker, Natalie; Spears, Christopher; Price, Wade R.; Severson, Russ; Denton, Rhonda L.; Lozano, Melba; Murphy, Melissa; Bentley, Corry; Dahlke, Andrea; Stevens, Mechelle; Robinson, Rhonda; Greig, Iain; Sanvido, Terry; Smith, Regan M.; Seib, Dianne; Reeves, Kathy; Gillis, Brian; Dawes, Cheryl; Hibbert, Greg; Amador, Susan; Steiner, David; Marryott, Michael; McKeel, Richard; Vander velde, Nikole
Cc:
Subject: Updated: NETCO Testing

When: Friday, January 18, 2002 1:00 PM-5:00 PM (GMT-06:00) Central Time (US & Canada).
Where: 2521, 2525

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

Hi,
Please see the attached document with the correct date that corresponds with the meeting request. In addition, the Canadian and Portland users are also included. The Bridgeline (800-711-8000 CODE 3454709) will be open during this time for us discuss and resolve issues.

Thanks
<< (01)0118 User_Test_ Schedule Netco.doc >>
Hi,
Attached is schedule for NETCO testing for Friday afternoon. The objectives for tomorrow will be to:

1. Test logins for NETCO users and drive mappings
2. Execute a subset of the Gas and Power scenarios to test that all platform components are setup.

The complete set of scenarios will be tested next week. We appreciate your support as we work towards setting up the NETCO platform which has a number of moving parts that are coming together.

Thanks
Aftab


Anne, it looks like the socal position for socal is incorrect.  The position
looks much smaller than it did today.  Please check to see if Patti made
changes to deals in sitara.

Gracias,
Mike Grigsby


---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 03/07/2001
10:12 AM ---------------------------

	Enron North America Corp.

	From:  Irena D Hogan                           03/02/2001 08:40 AM

To: Kimat Singla/HOU/ECT@ECT, Jeff Royed/Corp/Enron@ENRON, Kyle R
Lilly/HOU/ECT@ECT, Alejandra Chavez/NA/Enron@ENRON, Kimat Singla/HOU/ECT@ECT,
Kulvinder Fowler/NA/Enron@ENRON, Elizabeth L Hernandez/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Luchas Johnson/NA/Enron@Enron, B Scott
Palmer/HOU/ECT@ECT, Yuan Tian/NA/Enron@ENRON, Anne Bike/Corp/Enron@Enron,
Jason Wolfe/NA/Enron@ENRON, Carole Frank/NA/Enron@ENRON, Darron C
Giron/HOU/ECT@ECT, Patrick Ryder/NA/Enron@Enron, Elizabeth
Shim/Corp/Enron@ENRON, Ryan O'Rourke/ENRON@enronXgate, Kristen
Clause/ENRON@enronXgate, Victor Guggenheim/HOU/ECT@ECT, Phillip M
Love/HOU/ECT@ECT, Bruce Mills/Corp/Enron@ENRON, Andres
Balmaceda/NA/Enron@ENRON, Souad Mahmassani/Corp/Enron@ENRON, Sladana-Anna
Kulic/ENRON@enronXgate, David Baumbach/HOU/ECT@ECT, O'Neal D
Winfree/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT, Julie Meyers/HOU/ECT@ECT,
Jody Crook/Corp/Enron@ENRON, Denver Plachy/NA/Enron@Enron, Chance
Rabon/ENRON@enronXgate, Russ Severson/HOU/ECT@ECT, George Grant/HOU/ECT@ECT,
Martha Stevens/HOU/ECT@ECT, Trang Le/HOU/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Patricia
Rivera/NA/Enron@Enron, Sarah Smith/Corp/Enron@Enron, Kori Loibl/HOU/ECT@ECT,
Errol McLaughlin/Corp/Enron@ENRON, Susan M Scott/HOU/ECT@ECT, Laura
Vargas/Corp/Enron@ENRON, Amy Cavazos/NA/Enron@ENRON, Sherry
Dawson/NA/Enron@Enron, Bilal Bajwa/NA/Enron@Enron, Joey
Taylor/NA/Enron@ENRON, George Huan/NA/Enron, Derek Bailey/Corp/Enron@ENRON,
Kori Loibl/HOU/ECT@ECT, Cathy De La Torre/HOU/ECT@ECT, Melba A
Bowen/HOU/ECT@ECT, Cathy Sprowls/HOU/ECT@ECT, John Valdes/HOU/ECT@ECT,
Jennifer Lee/NA/Enron@Enron, Gregory A Mausser/HOU/ECT@ECT, James
Hungerford/NA/Enron@ENRON, Theresa Toward/NA/Enron@Enron, Greg
Couch/HOU/ECT@ECT, Elizabeth Soto/HOU/ECT@ECT, Alexander R
Gonzales/NA/Enron@ENRON, Binh Pham/HOU/ECT@ECT, Robin Rodrigue/HOU/ECT@ECT,
Bradley Jones/ENRON@enronXgate
cc:
Subject: Team Building!!!!!

PLEASE NOTE:  THE FIRST RACE DOES NOT START UNTIL 7:05 PM.
YOU DO NOT HAVE TO BE THERE AT 5:30 PM, ONLY IF YOU ARE ABLE TO.

THANK YOU


RESEARCH REPORT

from STOCKFIRST and TheInvestorOnline
www.stockfirst.com
www.theinvestoronline.com

____________________________________

Paradise Music & Entertainment Inc.
Symbol: PDSE - OTCBB
Recommended: 10/15/01 - $0.08
Price as of: 10/15/01 - $0.08
Target: $0.84
52 Wk Range: $0.07 - $1.406
____________________________________

* Financial Summary

Paradise is a music and entertainment company that is in the process
of a significant restructuring effort, spearheaded by noted
turnaround specialist Kelly Hickel and a new senior management
team.  PDSE is focused on producing and owning state-of-the art
events, film, video, digital and music-related products through its
three groups -Paradise Film & Television, Paradise Music, and
Paradise Festivals & Events.  Paradise's new strategy is to leverage
its integrated creative services and global corporate relationships to
create unique entertainment products which deliver corporate clients'
branding messages to targeted demographic audiences.

The following are a summary of Results of Operations for the Three
Months Ended June 30, 2001 Compared to Three Months Ended
June 30, 2000.  In aggregate, revenues for the three months ended
June 30, 2001 increased to $7,765,268 or 26% compared to
revenues of $6,164,769 in the three-month period ended June 30,
2000.  The net loss was $9,376,245 for the three months ended
June 30, 2001 compared to $2,047,658 for the three months ended
June 30, 2000.  The loss for the three months ended June 30, 2001
included a provision for goodwill impairment of $7,268,586.

Notwithstanding the goodwill impairment provision, the former
Commercial group incurred a loss in the period of $1,003,366,
almost entirely in the Straw Dogs affiliate, reflective of the severe
downturn in the advertising industry.  Additionally, the Company
incurred $414,762 of non-recurring costs relating to the iball merger
and business restructuring.  Exclusive of the provision for goodwill
impairment, the non-recurring costs relating to the iball merger and
business restructuring and the significant loss incurred in the PDSE
Commercial Group (mainly Straw Dogs), the Paradise adjusted net
loss for the current three month period would have been $689,531,
compared with a net loss of $1,576,406 (adjusted for the PDSE
Commercial segments loss in the prior period).  PDSE Commercial
Group revenues increased to $5,591,439 for the three months ended
June 30, 2001, from $3,464,044 for the three months ended June
30, 2000, an increase of $2,127,395 or 61%.  The increase in
revenues is primarily due to the negative impact of the SAG strike
on last year's activity.

More from Market Guide:
http://yahoo.marketguide.com/mgi/signdevt.asp?rt=signdevt&rn=A1
2C2

____________________________________

* Share-Related Items

Market Capitalization -  $2.2M
Shares Outstanding -  22.0M
Float -  7.9M
Daily Volume (3-month avg) -  32.0K
Daily Volume (10-day avg) -  85.0K
Delayed Quote -  http://quote.yahoo.com/q?s=pdse.ob&d=v1

____________________________________

* Business Description

Paradise is an award-winning entertainment company dedicated to
leveraging integrated creative services and global corporate
relationships to develop unique entertainment products that deliver
corporate clients' branding messages to targeted demographic
audiences.  Paradise's premier creative talent has recently been
joined by a senior management team specializing in turnarounds and
maximizing shareholder value.  Paradise plans to grow its existing
businesses and extend into the broadcast, festival/event and online
markets.  Revenues are derived from: original music production for
film and television, commercial music production, television special
production, music video production, record sales, music royalties,
tour and concert production fees, and corporate sponsorships.
Paradise Music & Entertainment, Inc. (PDSE) is comprised of:
PDSE Film and TV Group (Picture Vision and Rave Music), PDSE
Music Group (PDSE Records Inc.) and  PDSE Festival & Event
Group.

Visit the Company's website at www.pdse.com

Expanded Business Description:
http://www.theinvestoronline.com/research/pdsebusdes1F.htm

____________________________________

* Analyst Summary

The entertainment industry has traditionally shown strong growth
through all manner of economic downturn and periods of
uncertainty.  When World War II started, Major League Baseball
had many of its stars go off to war and was considering canceling
play until urged by President Roosevelt to continue, because it was
something that America needed.  During the Great Depression,
people found enough money to go to Movie Theaters, because they
could "get-away" for a while.  We believe that PDSE represents a
value and in the long run an attractive takeover candidate.

Paradise has been very active in the last quarter constructing a
foundation built on a renewed focus on certain high-end niches in
the music and entertainment industry and moves into certain
fragmented, high-margin markets.  We believe these activities will
sustain growth in the months to come.  A renowned creative team
and a new senior management team with extensive turnaround
experience are keys to this success.  Given its price and
performance, we feel PDSE will be a solid play on the small-cap
entertainment field.

Paradise Found --- Since the completion of the iball Media merger,
PDSE has made significant strides in focusing the Company on its
strengths and expanding business.  To increase operating
productivity and margins the new management team has concluded
an extensive restructuring program that includes the shutdown of
non-core Paradise businesses, including the Digital Group, the
Commercial Group, and elements of the Music Group.  The net
result is to reduce revenue by 77% and losses by 88%, and, we
believe, to create a sustainable platform from which to grow the
business profitably.

PDSE has previously disclosed that it has a going concern issue and
has used up its operating cash. As noted above, they have also
disclosed that they have discontinued 77% of their operations
because those operations were losing money and PDSE
management felt those divisions had no strong growth prospects
going forward. Discontinuing those operations has dramatically
reduced PDSE's losses and reduced cash burn. In addition, PDSE
has just disclosed that it is currently negotiating a $750,000 bridge
financing and a $2 million secured subordinated convertible
debenture, secured by all of the assets of PDSE and its subsidiaries,
subordinate only to any other senior debt. We feel that the above
investment represents the capital PDSE requires to continue to
effectively launch it's new strategy.

Due to economic conditions, the current markets for the Company's
traditional past products and services have shrunk dramatically and
or shown flat growth this year. However, that same market
environment has signaled a great deal of interest in the products and
services that form the focus of the Company's new strategy.

PDSE will grow its remaining businesses and extend the energy,
visibility and commerce opportunities further into the broadcast,
festival/event and online markets.  With select partners, PDSE will
be presenting festivals, primetime cable and broadcast specials,
digital properties, music and artist management initiatives, film &
television projects and exclusive event properties for global brand
partners.  In addition to growing its existing businesses, PDSE is
also examining a number of acquisitions in targeted markets, which,
if completed, will result in more rapid growth of the Company.  The
Company's selection of future projects and acquisitions will be
driven by ROI and strategic fit with existing business units.

PDSE will produce sponsor-targeted entertainment leveraging
music, media events, television commercials, television
programming and filmed entertainment to facilitate global branding
campaigns.  Management expects this to provide a profitable,
multi-platform convergence of capabilities with multiple revenue
streams and higher gross profit margins.  Music has become an even
bigger part of getting the message across for many companies, see
this recent article in the NY Times
(www.theinvestoronline.com/research/PDSEMusic.htm).

o Paradise is a multi-faceted entertainment company with an
operating revenue platform stabilizing at $20+ million in annual
revenue and a plan in place to grow quickly and profitably through
internal project developments and targeted acquisitions.

o The Company is uniquely positioned to provide a music-centric
alternative to conventional delivery of the brand message for global
brands.

o The market cap of the Company is less than $5 million.
Paradise consists of a strong, creative management team with
proven accomplishments.

o The Company has just announced that it is negotiating a $750,000
bridge financing and a $2M secured subordinated convertible
debenture.

o The entertainment sector is projected to be strong and high margin
for the foreseeable future.

o Management's strategy is to grow by acquisition both vertically
and horizontally in the entertainment category, and to create a lean,
edgy creative firm focused on providing premier sponsor-targeted
entertainment.

We estimate that PDSE will produce an EPS of $0.04 for 2002.
Excluding potential acquisitions, we believe that PDSE is poised to
grow by 9% in 2002 and in 2003, when all elements are in place
and operating at capacity, we expect sharp revenue growth in excess
of 50%.  We also believe that in the short term the Company will
stabilize revenues, achieving a positive EBITDA in Q1 or Q2 of
2002.  If PDSE is able to achieve the necessary financing, we
believe that several acquisitions will be made that build on the sound
core that has been established, achieving higher revenues and net
earnings then currently estimated.

- Technical Opinion - 10/04/01

The stock has made a new low with the weakness in
over-the-counter stocks, but is now churning on high volume. Since
this low is near last year's low with management expecting good
things on the horizon for the Company, the stock should find a
bottom here. The record high volume with little or no movement on
10/04 also suggests a stalemate between buyers and sellers, which
could be another signal of a bottom.

The stock will meet overhead resistance between $0.17 and $0.20.
If it can break up through $0.20, look for it to retest $0.68 before it
reaches another major overhead level.

Note: Although technical analysis is an important tool to determine
the short-term directional movement of securities, technical analysis
of stocks under $10 is many times not as reliable as higher priced,
higher volume securities.

- Fundamental Opinion - 10/04/01

PDSE's comparative financial analysis offers and suggests
tremendous future stock price appreciation from current levels based
on the Business Services industry comparative figures and even
more conservatively, the Services sector. Assuming the market
returns to bullish conditions and the Company meets projections
provided by the Company and included in this report, at sector
values, the stock could reach a 2001, 2002 and 2003 target price of
$0.84, $2.04 and $6.75, respectively. This would represent a 1-year
gain of almost 10 fold, a two-year gain of close to 27x and a
three-year total gain of almost 75x the investment.
Note: To meet the suggested target prices, the Company would have
to trade at the Services sector multiples and the Company would
have to achieve earnings and revenue estimates provided by
management in this report. A divergence either up or down from the
projections could materially affect the target prices.

Financial Analysis:
http://www.theinvestoronline.com/research/pdseanaly1F.htm

Industry & Market Profiles:
http://www.theinvestoronline.com/research/pdsemktprfl1F.htm

____________________________________

* Recent News

Thursday, Oct 18, 2001 - Paradise Negotiating Bridge and
Permanent Financing

Thursday, Oct 11, 2001 - Paradise Unit Signs Agreement With
Action Marketing Group

Friday, Sep 28, 2001 - Shelter Films Discontinues Operations

Thursday, Sep 20, 2001 - Straw Dogs Discontinues Operations

Tuesday, Sep 11, 2001 - Paradise's Combined Management Team

Wednesday, Sep 5, 2001 - Paradise Unit Receives CMA Music
Video of the Year Nomination

Tuesday, Aug 21, 2001 - Paradise Announces Second Quarter
Results - Business Wire

Monday, Aug 20, 2001 - PARADISE MUSIC &
ENTERTAINMENT INC - Quarterly Report (SEC form 10QSB)

Thursday, July 12, 2001 - Paradise Hires Shareholder Relations

Wednesday, July 11, 2001 - Paradise Completes iball Merger

Tuesday, July 10, 2001 - Rave Music Selected by 4Kids
Entertainment to Produce Music for YU-GI-OH!

Friday, June 22, 2001 - PARADISE MUSIC &
ENTERTAINMENT INC FILES (8-K) Disclosing Acquisition or
Disposition of Assets

Monday, May 21, 2001 - PARADISE MUSIC &
ENTERTAINMENT INC - Quarterly Report (SEC form 10QSB)

Go to http://biz.yahoo.com/n/p/pdse.ob.html for complete list of
releases and details.

____________________________________

* Contact Information

John Lefebvre
Shareholder Relations
303-457-2852 or john@shareholder-relations.net

Visit the Company Website at www.pdse.com

____________________________________

Please go to
http://www.theinvestoronline.com/research/PDSE101801.html to
see the complete TheInvestorOnline Research Report.

_____________________________________________________
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---
You are currently subscribed to stockfirst as: alewis@ect.enron.com
To unsubscribe send a blank email to leave-stockfirst-37848R@mail.stockadvisor.ws


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/29/2000
10:01 AM ---------------------------

Anne Bike@ENRON
11/28/2000 09:04 PM
To: pallen70@hotmail.com, prices@intelligencepress.com, lkuch@mh.com
cc: Darron C Giron/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Monique
Sanchez/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT
Subject: Enron's December physical fixed price deals as of 11/28/00

Attached please find the spreadsheet containing the above referenced
information.


Gary,

Do you have any record of this?

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 03/21/2001
01:20 PM ---------------------------
Aimee Lannou   03/20/2001 01:38 PM

To: Daren J Farmer/HOU/ECT@ECT
cc: Juliann Kemp/ENRON@enronXgate, Rebecca Griffin/NA/Enron@Enron
Subject: Central Power & Light

Daren - was there a deal for 5.000 at CP&L on Feb. 21?  CP&L shows 5.000, but
I have looked in MOPS and there is not a deal.  Can you verify whether or not
there was a deal for that day?  Thanks.

Aimee

---------------------- Forwarded by Aimee Lannou/HOU/ECT on 03/20/2001 01:39
PM ---------------------------

Rebecca Griffin@ENRON
03/20/2001 01:18 PM
To: Aimee Lannou/HOU/ECT@ECT
cc:
Subject: Central Power & Light

Aimee,

I received a call from CP&L about the February 2001 production invoice.  They
are showing 5,000 mmbtu on February 21 for HPL.  We are not showing anything
for HPL on that day.  Could you verify if this is correct?

Thanks for your help.

Rebecca


We have received the following executed financial Master Agreement:

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

Effective Date:			July 30, 2001

Enron Entity:			Enron North America Corp.

Counterparty:			Nemak, S.A.

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

Confirming Entity:		Enron North America Corp.

Governing Law:			Texas

Special Handling Requirements:	No special handling requirements

Copies will be distributed.


I think it looks good.  df

From: Gina Taylor/ENRON@enronXgate on 03/09/2001 11:25 AM
To: Drew Fossum/ET&S/Enron@ENRON, Danny McCarty/ET&S/Enron@Enron, Steven
Harris/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Shelley
Corman/ENRON@enronXgate
cc:

Subject: Draft of TW Press Release

Please review the attached draft 2 of the TW press release.  This draft
includes changes from Mary Kay as well as a recommended quote from Mary Kay.

Can I hear from you by noon on Monday, March 15 with changes?

Thanks, Gina


Ratios are still in progress. thanks.


Bernard,

I am forwarding your message to my assistant and she will mail you a reprint.
I would be glad to take a look at your dissertation. Is it available as a
publication, working paper?

Vince

"Murphy, Bernard" <Bernard.Murphy@caminus.com> on 03/01/2001 02:17:39 AM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject: 1997 Risk paper on Pricing of Electricity Derivatives

Hello Vince,

My name is Bernard Murphy - I received your e-mail address from Les Clewlow,
who was my PhD supervisor at the Financia Options Research Centre at Warwick
Business School.  I've just finished my PhD on Electricity Price Jump
Diffusions :  A Theoretical and Empirical Study in Incomplete Markets -
hence my interest in electricity price modelling and derivative pricing.  I
was looking to get hold of a copy of your 1997 paper, which has recently
come to my attention :

"The Challenge of Pricing & Risk-Managing Electricity Derivatives", The US
POwer Market, Risk Publications, pp. 149-171.

and Les suggested that I contact you directly (Les is travelling at present
and doesn't have an electronic copy available) to request an e-copy.

Incidentally, I am Lecturer in Finance / Financial Mathematics at University
of Limerick (Ireland) and have taken a year out to work for Caminus UK,
where I am working on introducing and developing a markets-based approach
(spark-spread) to real asset valuations in the UK power industry.

Thanks in advancve

Bernard Murphy


Please be informed, the Rockets Tickets have arrived!!!!

Below are scheduled dates for upcoming games.  Please let Steve know as soon
as possible which dates you would like for your customers.  Remember, first
come, first served.

  Rockets vs Seattle Supersonics  Tuesday, October 17, 2000 7:30p
  Rockets vs Milwaukee Bucks  Thursday, November 2, 2000 7:30p
  Rockets vs Chicago Bulls  Tuesday, November 14, 2000 7:30p
  Rockets vs Sacramento Kings  Tuesday, November 28, 2000 7:30p
  Rockets vs. Denver Nuggets  Saturday, December 16, 2000 7:30p
  Rockets vs Golden State Warriors Saturday, December 23, 2000 7:30p
  Rockets vs Utah Jazz   Saturday, January 6, 2001 7:30p
  Rockets vs Philadelphia 76ers  Wednesday, January 24, 2001 7:30p
  Rockets vs Los Angeles Clippers Thursday, February 1, 2001 7:30p
  Rockets vs Cleveland Cavaliers  Saturday, February 17, 2001 7:30p
  Rockets vs Portland Trail Blazers Monday, February 26, 2001 7:30p
  Rockets vs Indiana Pacers  Tuesday, March 13, 2001 7:30p
  Rockets vs Utah Jazz   Tuesday, March 27, 2001 7:30p
  Rockets vs Seattle Supersonics  Thursday, April 5, 2001  7:30p
  Rockets vs Minesota Timberwolves Tuesday, April 17, 2001  7:30p

adr


Tell him it is firm.  We are obligating ourselves no matter what.  And tell
him thank you again.  See you tonight pretty lady.
PL


Why wouldn't we do this on an aggregated basis?

Mark


---------------------- Forwarded by Mike Carson/Corp/Enron on 09/11/2000
04:54 PM ---------------------------

carson@us.ibm.com on 09/11/2000 02:21:17 PM
To: kenrcars@aol.com, susan@metronet.com, Mike.Carson@enron.com
cc:

Subject: Fish Farm

http://www.oklahoman.com/cgi-bin/show_article?ID=547605&pic=none&TP=getarticle

Chuck Carson  IBM Americas PISC Dallas (1) 817-962-6933
7 Campus Circle  MS 01-02-40
Roanoke, TX 76262

---------------------- Forwarded by Chuck Carson/Dallas/IBM on 09/11/2000
02:20 PM ---------------------------

Chuck Carson
09/11/2000 02:14 PM

To:   Mike.Carson@enron.com@internet
cc:
From: Chuck Carson/Dallas/IBM@IBMUS
Subject:  Fish Farm

Chuck Carson  IBM Americas PISC Dallas (1) 817-962-6933
7 Campus Circle  MS 01-02-40
Roanoke, TX 76262

---------------------- Forwarded by Chuck Carson/Dallas/IBM on 09/11/2000
02:13 PM ---------------------------

Chuck Carson
09/11/2000 02:13 PM

To:   <scarsonpro@pga.com>
cc:   susan@metronet.com @ internet, kenrcars@aol.com@internet,
      mcarson@gtemail.net
From: Chuck Carson/Dallas/IBM@IBMUS
Subject:  Fish Farm  (Document link: Chuck Carson)

Thanks - I will send to Ken, Mike and Susan  - they have been there also.

Chuck Carson  IBM Americas PISC Dallas (1) 817-962-6933
7 Campus Circle  MS 01-02-40
Roanoke, TX 76262

"Steve Carson" <scarsonpro@pga.com> on 09/11/2000 01:11:26 PM

Please respond to <scarsonpro@pga.com>

To:   c@e1.ny.us.ibm.com, Chuck Carson/Dallas/IBM@IBMUS
cc:
Subject:

Chuck, good article about Theop's fish farm in the Oklahoman this morning.
I can save it for you or you can get it off the oklahoman web site. I am
still considering hockey tickets but if I wait too long its ok. I will let
you know real soon. Web site is www.oklahoman.com
Thought you might take a lood.
Steve


Please keep this under wraps.  We do not want to circulate this beyond the
folks listed on this email.  Please let me know any concerns.   As we have
known for several weeks, the report is not as explicit as we would want, but
the White House , Vice President, and DOE have repeatedly but verbally
assured us that they are making clear to FERC (via Pat Wood) exactly what
this means.

----- Forwarded by Linda Robertson/NA/Enron on 05/15/2001 02:32 PM -----

	Ed Gillespie <EdGillespie@QuinnGillespie.com>
	05/15/2001 02:11 PM

		 To: "'linda.robertson@enron.com'" <linda.robertson@enron.com>,
"'rshapiro@enron.com'" <rshapiro@enron.com>
		 cc: ENRON <ENRON@QuinnGillespie.com>
		 Subject: i believe this is the exact language that will appear under the "
energy supply" section of the report

"Recommends that the President encourage the FERC to use its existing
statutory authority to promote competition and encourage investment in
transmission facilities."


The Dabhol mtg. today at 4:30 has been cancelled.  Kean called and said Lay is having a meeting w/Kean and others at 5:00 re: investors.  My question is:  The Dabhol mtg. is rescheduled to 12:00 tomorrow.  You have Amy Dunn Taylor luncheon at Brennan's tomorrow.  Rob will have to cancel the Amy Dunn Taylor thing and do the Dabhol.  Are you going to do the Dabhol and should I cancel you out of the Amy Dunn Taylor thing also.
T


Susan:  This report should also be routed to the Argentine traders and, in
Brazil, only Sami Arap (delete Robert George and Andrea Bertone).  Thanks.
Sara

Susan Bailey
02/29/2000 11:19 AM
To: Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert H
George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton/HOU/ECT@ECT,
Michael Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rod Nelson/HOU/ECT@ECT
cc:
Subject: Southern Cone Financial Master Agreements Schedule

All,

Attached is the lastest version of the captioned Schedule (dated 3/1/2000).
In order to keep everyone abreast of the financial master agreement
developments in Argentina, this Schedule will be issued monthly on the first
day of every month -- beginning March 1st.


Kay--

These agreements pertain to telecom deals that are currently dormant.

Stephanie

P.S. When sending email to our group, please be sure to send messages to
"Mark S. Palmer", as "the other" Mark Palmer is a VP in the PR department.
Thank you!

 -----Original Message-----
From:  Young, Kay
Sent: Tuesday, April 17, 2001 2:08 PM
To: Jones, Tana
Cc: McCullough, Travis; Segura, Stephanie; Palmer, Mark
Subject: Offline Agreements

Tana et al:  This list indicates the agreements that I have as relating to
the Offline Project.

 I thought we had come to an agreement with Sun Microsystems, Inc.
(separately from iPlanet)  Let me know if anyone has an executed version.

I'm not sure AfricaOne and Ejasent are Offline agreements.  Stephanie and
Mark , let me know.

 << File: Offline.rtf >>

Kay C. Young
Legal Specialist
Enron North America Corp.
713-853-6794 Phone
713-646-3393 Fax
kay.young@enron.com


Richard:  I am sorry I did not copy you on this when it was sent.  The
attached memor is an updated version of the email Rogelio originally sent us
concerning this proceeding.

Please call with questions or comments.
----- Forwarded by Peggy Banczak/HOU/ECT on 09/18/2000 01:15 PM -----

	Peggy Banczak
	09/15/2000 03:11 PM

		 To: bpeterson@hunton.com
		 cc: rstephens@bracepatt.com
		 Subject: Amparo Proceeding

Bruce:

As discussed earlier today, attached is a copy of a memo prepared by Enron's
counsel in Mexico City summarizing the litigation in which Enron Energia
Industrial de Mexico, S. de R.L. de C.V. is an interested party.

Should you have questions or desire additional information, please advise.


CALENDAR ENTRY:	INVITATION

Description:
	meet w/ eugenio perez at his desk

Date:		7/13/2000
Time:		1:00 PM - 2:00 PM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


[IMAGE] [IMAGE] [IMAGE]  Thursday, January 10, 2002    [IMAGE]  [IMAGE]   Fare Sale Unwind for Less  Whether it's a tour of the California wineries, an escape to the Swiss Alps, or a walk through The Imperial Palace in Tokyo, Continental Airlines gets you there with an additional 10% off select sale fares.  Visit continental.com  to purchase your eTickets today.   View Flight Schedules In An Instant With Our Electronic Timetables Electronic Timetable  Whether you're online or on the go, Continental's flight information is always at your fingertips. Visit continental.com to download the latest flight schedules to your computer, handheld, or internet-enabled device, or use our new PDF version and print only the pages you need.  Our electronic timetable is another way we're adding convenience to your travel planning.  To download our Timetable, go to continental.com .   The Orchid at Mauna Lani + 500 Bonus Miles Orchid Hotel Experience Hawaii at its best - world-class golf, tennis, Spa Without Walls, Beachboys program and more. The ORCHID ESCAPE - starts at $265 per night, includes daily breakfast. ALOHA 2002 - starts at $435 per night, with the 2nd room for just $20 + a set of "buy-one, get-one-free" spa, dining and tennis certificates. For reservations, call 1.800.845.9905 and ask for ORCHID ESCAPE or ALOHA 2002. Mention reservation code "OnePass" to get your bonus miles.   Travel Updates  Be sure to check continental.com  before leaving for the airport. We're looking forward to welcoming you onboard!    If you need assistance please visit: www.continental.com/service . View our Privacy Policy .  This message was sent to: pmims@ect.enron.com - OnePass Number: BY391845     [IMAGE] [IMAGE]  [IMAGE]  [IMAGE]

[IMAGE]


Janet, Gil and Ed,

Please note Les' latest summary of Elba.  Things seem to be coming to a head
there.  Southern Co. was in town last Thursday to visit us and Les agreed to
start working on a letter of intent with Southern Co for the sale of gas from
the terminal.   We have been asked to work up a good price for gas at Elba by
Les.  I have started working with John Hodge and John Griffith on this.

So. Co.'s latest offer was Hub + $.12 for all 160,000 dt/d.  So. Co. wants
100,000 dt/d at Elba and will give us the option of selling to them the
remaining 60,000 dt/d at Elba or Destin at our option.  We have not discussed
what a price at Destin should be.  So. Co. has some leverage with El Paso
that can be instrumental in helping Les with his negotiations below.
Additionally, they may be the only party that can burn the high btu gas and
significantly improve the btu issue at Elba.

We should be better prepared to talk about this by Wednesday.  Let me know if
you have any questions.

---------------------- Forwarded by Phil DeMoes/Corp/Enron on 11/20/2000
07:28 AM ---------------------------

Les Webber @ ENRON_DEVELOPMENT

11/18/2000 03:47 PM
To: Doug Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, byamagata@akingump.com,
masseye@arentfox.com
cc: Shelley Corman@ENRON, Phil DeMoes/Corp/Enron@ENRON, David L Fairley@ECT

Subject: SOUTHERN LNG re ELBA ISLAND LNG TERMINAL

GREETINGS:

On November 17, 2000 Southern LNG advised the FERC that it "has determined to
withdraw the Btu stabilization options from the instant certificate
application", such application being the one seeking to amend the certificate
issued by the FERC in March, 2000 authorizing Southern LNG to reactivate the
LNG terminal at Elba Island.

With this withdrawal, the El Paso organization has drawn its line in the
sand.  We plan to vigorously protest this withdrawal at the FERC within the
15 day period allowed by FERC procedures.  This gives us until December 2,
2000 to file which, presumably, would be extended until Monday, December 4,
2000.

Our filing will be of an adversarial nature, so the Enron organization needs
to be on board with our intended filing, which we will commence drafting on
November 20, 2000.  Drafts will be circulated to the appropriate personnel,
so please advise us re any additions in that regard.

At the same time, this decision by Southern LNG will focus our resolve to
complete the commercial transaction with El Paso Merchant Energy.  We have
come to accept some of the less desirable features of the Letter
Agreement/Term Sheet signed with El Paso Merchant Energy on October 13, 1999,
inasmuch as the more important aspects are very much in our favor, including
several that Southern LNG found rather unsettling.  We will discuss the path
forward with El Paso Merchant Energy on November 21-22, 2000.

While we remain open to a solution to the quality issue that leaves our
commercial flexibility and optionality intact, we must be positioned to move
forward resolutely and in a timely manner with both El Paso Merchant Energy
and Southern LNG.  We cannot afford to stop these processes while we discuss
alternative solutions.

On Wednesday, November 15, 2000, we gave both Mike Varagona and David Jenkins
of El Paso Merchant Energy a "heads-up" regarding our likely response to
Southern LNG's proposed letter agreement dated November 1, 2000.  We
indicated we would be asking Southern LNG to bifurcate the FERC proceeding
into the Vaporizer Project, that could proceed quickly and on an independent
path to certification, and the Stabilization Project, that required
considerably more technical analyses before it could proceed.  When I
contacted Mike Varagona on Friday, November 17, 2000, after we received a
copy of Southern LNG's letter to the FERC, he stated that he had not been
advised by Southern LNG regarding its decision, hence, had not been
positioned to return the favor.

Mr. Varagona will be in Houston on November 21 and 22, and he wants to meet
with us.  He is still pushing for a commercial solution that sees El Paso
"take on the quality risk" in return for our firming up our volumes to El
Paso Merchant Energy at an improved price of Henry Hub plus approx. $0.08 per
MMBtu.  Let there be no doubt that El Paso and Southern LNG will find a
solution to the quality issue at little or no cost.  He said he would like to
prepare us an outline of an offer. to which I responded that he had nothing
to lose by doing so.  The usual practice has been for Enron to do this and
for El Paso to respond with "I don't think that will work".

Mr. Varagona also indicated that he did not see how the Letter Agreement/Term
Sheet could form the basis of the commercial arrangement between our
respective companies - "It just won't work!".  As a consequence, he stated
that Clarke Smith, head of El Paso Merchant Energy, has already contacted or
will shortly contact our Mike McConnell to see if they can work to resolve
this matter. Apparently, these gentlemen have developed a good working
relationship over the years.  He also alluded to the possibility that Mr.
Smith may have also contacted our Stan Horton (for less than obvious reasons
to me).

Mr. Varagona further advised me that a Duke/Williams joint venture had just
acquired the rights to the Gulfstream Pipeline Project from Coastal
(divestment of this asset was required, I understand, as part of the El
Paso/Coastal merger).  "This situation gives added impetus to development of
the Cypress Pipeline project by Enron and El Paso."

There is considerable merit in Enron retaining the right to market its own
gas out of the Elba Island LNG Terminal.  However, we may find it desirable
to reach some commercial resolution with El Paso Merchant Energy for a
portion of our volumes that also makes the quality issue disappear.  However,
should we decide to so compromise, we must either fully engage Southern LNG
in that solution or totally eliminate them from all aspects of our agreement
with El Paso.  In the case of Southern LNG, we are dealing with one or more
individuals who see only one way to do things. namely their way, and who are
totally opposed to working with Enron.  I would recommend any compromise with
El Paso Merchant Energy be conditioned on first reaching agreement with
Southern LNG on explicit terms acceptable to us (and checking it twice).

I would appreciate receiving your comments, if any, before Thanksgiving.

Regards.
Les Webber


when you find a minute give a call re: message from Sandi.  No rush.  Best,
Jeff


CGLF contracts 66680 and 66681 ended effective 3/31/2000.

thanks


Nelson,
 You are aware that ENA is prohibited from bidding on the Texas volumes for a
period of 3 months.  Call me if you need any explanation.


Hi Kevin, this is great.  Is this for the session on "Power Plant Fuel
Delivery Issues" and if so, I guess he is confirmed, correct?

Let me know. Thanks Kevin!

-----Original Message-----
From: Hyatt, Kevin [mailto:Kevin.Hyatt@ENRON.com]
Sent: Thursday, November 08, 2001 11:41 AM
To: Carrie Shapiro (E-mail)
Subject: FW: Abstract for the Electric Power 2002 Conference

Carrie, FYI

-----Original Message-----
From: colin.wilkes@ps.ge.com [mailto:colin.wilkes@ps.ge.com]
Sent: Thursday, November 08, 2001 8:54 AM
To: Hyatt, Kevin
Subject: Abstract for the Electric Power 2002 Conference

Kevin,
Attached is an abstract of a paper submitted for your consideration for
presentation at the March Electric Power 2002 Conference in St. Louis.
Also
included is a brief biography.

I have also been asked to submit the paper to the Southern Gas
Association
Management Meeting in April following the Electric Power 2002
conference.
Do you know if there any issues with copyright of the published paper as
long as the Electric Power Conference is properly referenced?

 <<ABSTRACT.doc>>  <<Biography.doc>>

Regards,

Colin Wilkes,
Principal Engineer,
CASE Control Systems Integration Engineering,
Bldg 40-517,
General Electric Company,
One River Road,  Schenectady NY 12345
Tel: (518)385-7538      Dial Comm 8*235-7538
fax: (518)385-8599      Dial Comm 8*235-8599

**********************************************************************
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.
**********************************************************************


Just a friendly reminder that this Friday (12/1/00) is the deadline to turn
in your donation to help provide a Wonderful Christmas for the four children
the Legal Department is sponsoring.   Jenny, Laurie and I will be shopping
this weekend to purchase the items for these underprivileged children.  Cash
or checks (made payable to Pat Radford) accepted.  If you have already made a
donation, we sincerely thank you.

----- Forwarded by Pat Radford/HOU/ECT on 11/28/2000 04:42 PM -----

	Jenny Helton
	11/17/2000 11:28 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT, Peggy
Banczak/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT, Robert
Bruce/NA/Enron@Enron, Teresa G Bushman/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT,
Michelle Cash/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Shonnie Daniel/HOU/ECT@ECT,
Angela Davis/NA/Enron@Enron, Peter del Vecchio/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT, Robert H
George/NA/Enron@Enron, James Grace/Corp/Enron@ENRON, Barbara N
Gray/HOU/ECT@ECT, Mark Greenberg/NA/Enron@ENRON, Wayne Gresham/HOU/ECT@ECT,
Mark E Haedicke/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Brent
Hendry/NA/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT,
Anne C Koehler/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron,
Travis McCullough/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Janet H
Moore/HOU/ECT@ECT, Janice R Moore/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Gerald Nemec/HOU/ECT@ECT, Marcus Nettelton/NA/Enron@ENRON, David
Portz/HOU/ECT@ECT, Michael A Robison/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Lance
Schuler-Legal/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Shari
Stack/HOU/ECT@ECT, Lou Stoler/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Sheila
Tweed/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT, John
Viverito/Corp/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Stuart
Zisman/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Kimberlee A
Bennick/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Kathleen
Carnahan/NA/Enron@Enron, Genia FitzGerald/HOU/ECT@ECT, Nony
Flores/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT,
Mary J Heinitz/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT,
Matt Maxwell/Corp/Enron@ENRON, Laurie Mayer/HOU/ECT@ECT, Mary
Ogden/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Debra
Perlingiere/HOU/ECT@ECT, Robert Walker/HOU/ECT@ECT, Kay Young/HOU/ECT@ECT,
Merrill W Haas/HOU/ECT@ECT, Eric Gillaspie/HOU/ECT@ECT, Richard
Jeffrey/Corp/Enron@Enron, Gloria Cruz/Corp/Enron@Enron, Paula
Craft/HOU/ECT@ECT, Claudia Meraz/HOU/ECT@ECT, Claudia Perez/NA/Enron@ENRON,
Reginald Shanks/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT, Sheri L
Cromwell/HOU/ECT@ECT, Joya Davis/HOU/ECT@ECT, Janette Elbertson/HOU/ECT@ECT,
Kaye Ellis/HOU/ECT@ECT, Carolyn George/Corp/Enron@ENRON, Taffy
Milligan/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT, Linda J Simmons/HOU/ECT@ECT,
Dina Snow/Corp/Enron@Enron, Twanda Sweet/HOU/ECT@ECT, Becky
Spencer/HOU/ECT@ECT, Brenda Whitehead/HOU/ECT@ECT, Chaundra Woods/HOU/ECT@ECT
		 cc:
		 Subject: Enron Kids Holiday

With Christmas right around the corner, it is again time for the Enron Kids
Holiday program!

This year, the Legal Department will be sponsoring 4 children from HISD
Burrus Elementary School and providing them with a Christmas that they
otherwise may not be able to have.

With your donations, these underprivileged children will enjoy a toy, book,
coat, complete outfit and shoes wrapped and delivered to their school.

I sincerely hope that you will join Pat Radford, Laurie Mayer and me in
making this holiday special for these children.

Donations will be accepted until Friday, December 1, 2000.

Thank you in advance for your participation.


I have purchased from Duke   100 mw's at $51  for flow into Entergy (see deal#591863) .       Duke is  transmitting this power through their capacity through SOCO.     In the event of TLR's,   we have the option of cutting this supply,   without booking out (deal was negotiated with Amar).
If this happens,  of course  you need to fill the demand side and cut the purchase from Duke in enpower - see deal no. above.   The purchases  go in the ST SPP book.

Once again,  If RT has to intervene,  please make sure that Enpower is balanced with respect to ST SPP.     Also,   let me know immediately if there are problems with this or any other schedule that I have.

You guys are doing a good job.

JMF


Attached are the Total Transfer Capabilities (TTC's) for:  August 31, 2000.

 <<TTC's 8-31-00.PDF>>

The attached Outage Information is reliable at time of posting.  The
attached Outage Information is subject to change without notice.

Francine Winston
California ISO
Administrative Assistant/Scheduling
(916) 351-4457

 - TTC's 8-31-00.PDF


I find this joke even funnier coming from an Aggie grad.

Robin


MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group
       Legislative Affairs Committee

FROM: Jim Steffes, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketers Working Group Chair
            Scott Weiner, Legislative Affairs Committee Chair
            Mark Bennett, Senior Manager of Policy
            Donn Salvosa, Manager of Government Affairs

DATE: August 16, 2001

RE: Reliability Legislation

We are providing you with this memo to provide some information and perspective on the important issues relating to federal legislation in advance of our August 20th joint Regulatory Affairs and Legislative Affairs meeting on reliability legislation.

Reliability Legislation

S. 2071

S. 2071, sponsored by Sen. Slade Gorton (R-WA), was approved by the Senate in the last Congress.  The House of Representatives did not act on the bill.  S. 2071 represents the only consensus bill to be approved by either chamber.

This legislation would establish a national electric reliability organization (ERO) with the authority to establish and enforce mandatory reliability standards.

FERC would have primary jurisdiction over:

? the electric reliability organization (ERO);

? all Affiliated Regional Reliability Entities (entities to which authority would
  be delegated to enforce compliance with reliability standards);

? all system operators; and

? all users of the bulk-power system.

The bill prescribes procedural guidelines for FERC approval of applications competing for status as the ERO and ERO standards. It would also require all users of the transmission system to comply with such standards.

What causes us some concern are a number of provisions in the legislation that would delegate authority to different entities.  The bill would:

? Allow the ERO, subject to FERC approval, to delegate authority to a
  requesting regional entity to implement and enforce compliance with
  standards.

? Include a broad savings clause which preserves state authority to "ensure
  the safety, adequacy and reliability of electric service within each state."

? Not ensure that the boundaries of ARREs and RTOs are the same,
  although it would instruct ARREs to cooperate with RTOs to ensure
  enforcement of standards.

A similar bill - H.R. 2602 - was introduced in the House last session by Rep. Albert Wynn (D-MD). No action was taken on this bill.  The same language is included in the comprehensive energy bill introduced by Senate Energy and Natural Resources Committee Chairman Jeff Bingaman (D-NM).

Other Developments

Last year, in response to failed attempts by the Congress to pass comprehensive electricity legislation, a number of groups headed by NERC, sent a letter to House Speaker J. Dennis Hastert (R-IL), calling for the passage of stand alone reliability legislation.  The letter is attached.  A number of groups, including public power groups, the California ISO, Edison Electric Institute, NARUC and the National Rural Electric Cooperative Association all signed the letter.

EPSA was strongly pressured to sign the letter to add more weight and credibility to the effort.  However, we did not sign the letter.  While we stated that we did not oppose the letter, EPSA's position at the time was the advocacy for comprehensive federal legislation.

Last month, a number of groups with interests in reliability legislation met in Washington in an attempt to forge an agreement on legislation that can be supported by industry stakeholders.  Efforts were made to shorten the existing legislation similar to the bill introduced by Rep. Albert Wynn without changing the intent of provisions in the language.  In addition to EPSA, other groups in attendance included NARUC, the Pennsylvania PUC, Entergy, PJM , Public Power Groups, Consumer Groups, ELCON, Mirant and Enron.  The meeting produced a realization among the participants on the wide difference of opinions on how best to proceed.  The state PUCs lobbied for a continued state role in reliability language.  Entergy supported the original language contained in the Bingaman bill.  Still, a number of other groups favored the shorter PJM version.

PJM Proposal

PJM recently circulated condensed reliability language.  The 4-page bill would give enforcement authority to FERC.  If you would like a copy faxed to you, please contact Michael Reddy (mreddy@epsa.org) at EPSA.  Additionally, FERC would establish reliability standards and will maintain primary jurisdiction.  FERC would designate a national reliability entity composed of a number of regional entities for the purpose of developing reliability standards for the transmission system.

Some concerns over the PJM language include:

? Formation of regional entities that would be a "bottoms up" organization.
  These entities would have no regard to how they conform with RTOs.

? Reliability standards would be developed as voluntary consensus
  standards

? The regions and the national entity would be on equal ground.

Revised NERC language

Just last Thursday NERC convened another meeting for the purposes of attempting to shorten the original NERC language.  Working off of the language found in the Wynn bill, the new language was shortened to 16 pages.  The red-lined version is attached.  Among the noteworthy changes:

? p. 6, applications for approval to become the ERO, strikes language to
  specify funding mechanisms and requirements.

? p. 13, changes in filings of funding and funding procedures, language
  deleted on specifics on changes to funding.

? p. 21, additional language added to state that neither the ERO nor FERC
  will have the authority to order construction of additional generation or
  transmission if it determines a need.

? p. 22, language on coordination with RTOs deleted.

Status and Prospects of Legislation

The Republican House and the leadership of the House Energy and Commerce Committee, chaired by Rep. W.J. "Billy" Tauzin (R-LA) and Subcommittee on Energy and Air Quality Chairman Joe Barton (R-TX) has maintained the position that electricity should be addressed in a comprehensive fashion.  This is a continuation of the position held by Former House Commerce Chairman Tom Bliley (R-VA).   Staff for Chairman Tauzin are in the process of developing electricity provisions during the August recess.  It is likely that one of the titles will be on reliability.

The Senate, with its recent switch in control, remains uncertain on the overall view of stand alone reliability legislation.  In its present version, Senate Energy Chairman Bingaman's bill contains the same reliability provisions found in the Wynn bill.  Chairman Bingaman also plans to markup legislation in the Fall.

Regulatory/NERC/GISB Developments

While the timing and details of reliability legislation remain uncertain, NERC has continued its effort to transition to NAERO.  When first envisioned several years ago, the legislative objective was to establish NAERO as a self-regulatory organization with authority to enforce mandatory reliability standards.  Legislative delays, however, led the NERC Board to take unilateral steps to advance the transition, beginning with its governance structure.

Last February, the 38 member board was replaced by a new board of ten independent board members.  Members of the former board then were reconstituted as the new Stakeholder Committee with an advisory role, in addition to authority to participate in funding, board member changes and a few other general matters.  Also, the board implemented a compliance program based upon contracts to be executed by the Regional Reliability Councils.  Funding for NERC, presently administered by the regions, remains an extremely problematic, open question, as is the continued dominance of transmission providers in the current NERC Standing Committee voting structure.

The GISB proposal to include a wholesale electric quadrant in the new Energy Industry Standards Board (EISB) has provided an alternative that didn't exist at the time the NAERO concept, and related legislative effort, began.  The EISB model, which would combine the development of gas and electric retail and wholesale standards, initially viewed as a remote prospect when it was floated in early 2000, has gained substantial momentum.

During FERC's June 19th technical conference on Function 8 and interregional coordination, the Commissioners compared the circumstances in the gas industry that led to the formation of GISB with those of the electric industry today.  In separate letters to GISB Executive Director Rae McQuade dated August 13th, Commissioners Massey, Wood and Brownell observed the need to develop uniform rules and standards and expressed enthusiastic support for a new EISB to do it.  Those letters were distributed during an industry conference hosted by the Department of Energy (DOE) on August 14 - 15th, further contributing to the credibility of the EISB proposal.

Meanwhile, the pressure that the EISB proposal is generating clearly appears to have become part of the overall context for NERC's reform effort, as well as the reliability legislation.  A task force set up by the NERC Stakeholder Committee is reviewing how to make the three Standing Committees more "open and inclusive," including possible recommendations to change the voting structure from the current 50/50 (transmission provider/transmission customer) to a sector approach.  The NERC board may receive those recommendations, and other possible NERC reforms, including a new Organization Standards Process, when it meets in October.

The effort to launch an EISB is expected to come to a head when the GISB board meets on September 19th.  There are indications that the board will approve going forward with the proposal.  Such action would considerably raise the stakes for the NERC board, and present challenging issues regarding how to set up the voting sectors within the wholesale electric quadrant.

Additionally, the industry will need to consider how to more precisely define the types of standards the new organization would develop.  The emergence of a new EISB, if it occurs, could potentially diverge from legislation that presumes that NERC/NAERO will be the only standard setting organization.  Granting a new NAERO authority over "reliability" will beg serious questions regarding its scope of activities, and create the specter of multiple organizations that many hope to avoid.


[IMAGE]

SFX Music / Houston Concert Update
3DMacy
=09

3DJust=

Merle Haggard

with Cory Morrow
Wednesday, November 15
Aerial Theater at Ba= you Palace
On sale now!=A0=A0
3DBuy

Judy Tenuta
presents Funny Gay = Men

Brian Bradley / Bob Smith / Jason Stuart
Saturday, November 18Aerial Theater at Bayou Palace
On sale now!=A0=A0
3DBuy

Macy Gray

with Common and Black Eyed Peas
Sunday, November 19
Aerial T= heater at Bayou Palace
On sale now!=A0=A0
3DBuy

k.d. lang

with The Pierces
Tuesday, November 21, 2000
Aerial Theater a= t Bayou Palace
On sale now!=A0=A0
3DBuy

Jerry Jeff Walker

with Ray Wylie Hubbard
Friday, November 24, 2000
Aerial Thea= ter at Bayou Palace
On sale now!=A0=A0
3DBuy

Mark Farner of Grand Funk Railroad

with Edgar Winter
Saturday, November 25, 2000
Aerial Theater= at Bayou Palace
On sale now!=A0=A0
3DBuy

The Anger Management Tour with
= Limp Bizkit

Godsmack / DMX / Sinisstar
Wednesday, November 29, 2000
Comp= aq Center
On sale now!!=A0=A0
3DBuy

=09

All dates, act= s, and ticket prices are subject to change without notice. A
service charge is added to each ticket price.  All events are rai= n or shine.
=09

For the Aerial Theater's complete show schedule visit www.aerialtheater.com.

3DSFX.com

        =20 Terms and Conditions of Use. =A91999-2000 SFX Entertainment Inc=
. All rights reserved.


What do you mean only the left side.

 -----Original Message-----
From: 	Black, Tamara Jae
Sent:	Thursday, November 15, 2001 7:27 AM
To:	Presto, Kevin M.
Subject:	Office Phones

Kevin,

Both the turret phones are recorded ONLY on the Left side....( at your desk and in your office).  The polycom is NOT recorded.  Your speaker on your desk is recorded.

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


Here is an update on the activities for E-Trans.  Please remember that we are
under confidentiality agreements with the other parties of E-Trans and this
must not be discussed outside the Company.

It appears that the other parties of E-Trans are willing to go to the next
level of discussions on E-Trans and we hope to start discussions of the
commercial and policy issues as early as next week.  The additional parties
will be ALSTOM/ESCA, PJM, CalPx, and APX.  We will begin to discuss the
technical detailing the meshing of the forward and real-time markets and
system integration the following week.

We will also have two ALSTOM/ESCA employees that will be based in Houston to
support the project for the next four weeks.

The Task List and Schedule is as follows:

1. Prepare ESCA Consulting Agreement
2. Determine Commercial Structure for E-Trans
3. Detailed Description of each parties responsibility
4. Begin Technical Discussions
 a. Meshing the real-time and forward markets (Policy)
 b. Integrating the system  (Technical)
6. Product for FERC Filing
 a. Make off-the-self manual (Thane)
 b. FERC Tariff

September 21, 2000
Commercial and Policy Meeting
Chicago
Attendees:
John Florey CalPx
Ed Cazalet/Ralph Samuelson APX
Kenneth Laughlin PJM
Randy Berry Alstom/Esca
Jim Steffes Enron
Janice More
Jeff Brown
Thane Twiggs

September 27-28
Technical Meeting
Houston Woodland,s Conference Center
Attendees:
Andy Ott PJM
Randy Berry ESCA ?
David Sun
Ralph Samuelson? APX
John Flory CALPX
Steve Walton Enron
Lloyd Will
Charles Yeung
Jeff Brown
Thane Twiggs

October 4-5
Technical Meeting
TBD