We have put together the following list of issues for the request for
rehearing of the FERC's November 15 order.  We would appreciate your input
about whether to pursue these issues and we will still have to decide who
will write up the various issues (Alan, Bracewell, WPTF, or EPSA).  Requests
for rehearing are due on January 14, 2001.

We oppose doing away with the opportunity cost standard under the soft cap
and not establishing a standard of reasonable profit
$150 cap too low (is there any point in raising this issue again?)
Benchmarks for forward contracts - The FERC should clarify that it will not
be applying this to anything other than Cal IOU contracts.
The FERC should clarify its statement that "to the extent the IOUs' resources
exceed their load at various times, they are free to sell any surplus at
wholesale, pursuant to their Commission-filed rates schedules."  A literal
interpretation of this sentence will limit liquidity in the market and
prohibit the IOUs from taking advantage of spreads between where their
generation and load is located.  We don't care about the IOUs trading options
but we are concerned about less liquidity.
Commission's findings concerning exercise of market power (and PUC's request
for protective order) - This issue is a placeholder pending input from
Richard Sanders and Robin Gibbs.
We oppose the 27-month refund period
We oppose allowing the state a role in governance (WPTF)
The FERC should not have rejected Dynegy & Reliant complaint concerning being
paid the cost of cover for exports


FYI - I'll let you know what she finds.

---------------------- Forwarded by Maureen McVicker/NA/Enron on 05/29/2001
01:19 PM ---------------------------

Lora Sullivan
05/29/2001 10:51 AM
To: Maureen McVicker/NA/Enron@Enron
cc:

Subject: Calls to/from Commissioner Hebert

Maureen,

I've checked Linda Robertson's call sheet from January 2001 and do not find
any record of incoming calls from Commissioner Hebert to Linda.
Nonetheless, she may have initiated a call TO him.

I'ved tried to reach Linda on her cell phone -- no success.  Perhaps Rick
could raise this question with Linda when he joins her on the 11:00 AM (CDT)
conference call today?

I'm also checking with Sarah Novosel and Joe Hartsoe -- both of whom are out
at meetings at the present time.  When I get any responses I'll let you know.
Thanks for holding down the fort!

Lora

	Lora Sullivan
	05/29/2001 11:30 AM

		 To: Joe Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Bernadette
Hawkins/Corp/Enron@ENRON
		 cc: Lora Sullivan/Corp/Enron@ENRON
		 Subject: Request from Rick Shapiro

Rick Shapiro has asked for a list of calls received (or calls made to)
Commissioner Hebert since January, 2001.

Please advise.

Thank you.

Lora


Confidential

Draft

To:  All of Wholesale
From:  Office of the Chairman
Subject:  Organizational announcement

We are pleased to announce the following changes within EGM.

Financial Trading
The Convertible Bond Arbitrage desk will be moving from EnronCredit.com to
the Equity desk under Gary Hickerson, and will be managed by Mike Bradley.

Billy Lemmons has joined Gary Hickerson's group from EIM.  He is responsible
for examining and developing Enron,s agriculture business.  He is exploring
the agriculture value chain and outlining our risk management and origination
opportunities.

Transportation and Shipping
Dan Reck will be transitioning out of the coal group and will be exploring
our rail and trucking initiatives.  These markets together represent
approximately $105 billion notionally, and we believe there are many
synergies between our energy, coal, and freight trading businesses.

Enron is currently trading dry-freight (through EOL) and is a leading market
maker in this new product. This business is growing very quickly.  We have
asked Pierre Aury (and Scott Montcrief to co lead) our worldwide vessel
trading businesses.  Scott will be responsible for all liquids vessel
businesses and Pierre will manage all dry vessel businesses.  The LNG vessel
business currently managed by Wayne Perry will remain in the LNG group, but
will also (report or coordinate with) into Pierre.
Weather
Our worldwide weather operations will continue to report to Mark Tawney in
Houston.  This business is also rapidly expanding which includes trading
weather products in 10 countries and 40 states in the US.  Mark will have all
V@R  allocation responsibility between Sydney, Tokyo, Oslo, and Houston.  In
addition we will be forming a weather-marketing desk in London.

Crude and Products
Janelle Scheuer will be joining the Global Products from Enron America's East
power origination group, and (will be) developing a mid-market business
specifically for our liquids businesses.  She will be reporting to John
Nowlan.

Bill White will be coming over from EBS and has responsibility for all U.S.
financial crude trading.  Don Schroeder will continue to have oversight and
lead our physical crude business.  (Mario De La Ossa has joined EGM from
Equiva and will manage our  product options book)

Doug Leach will be expanding his fuel management role and focussing on xxxx.
He will report directly to John Nowlan.
Finance and Structuring
Andrew Makk has joined the finance team from the Middle East area.  Most
recently he has been working on the Gaza project.

Jim Lewis has also joined this team. His last assignment was leading the
structuring group for Calme.

Both Andrew and Jim report to Larry Lawyer.

(M&A)

(Mark Waddlinton has joined EGM and will be managing this activity and
coordinating with all Enron Corp. M&A business)

Please join us in congratulating everyone in their new roles.

File;  organization anon. dtd Dec 00 - EGM


Brenda:

It is standard operating procedure to copy all assistants (to the extent you
know who they are) on e-mails such as this.  In the future please make sure
you copy me on any e-mails pertaining to meetings or business lunches in
which Mark Haedicke should participate.  Thank you for your cooperation in
the future.

	Brenda Whitehead
	03/02/2001 11:35 AM

		 To: Travis McCullough/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Lisa
Mellencamp/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT,
William  S Bradford/Enron@EnronXGate, Carol St Clair/HOU/ECT@ECT, Angela
Davis/NA/Enron@Enron, Mark E Haedicke/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT
		 cc: Kaye Ellis/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT, Linda J
Simmons/HOU/ECT@ECT
		 Subject: PG&E "Crisis" Team lunch

A luncheon for the individuals who assisted with the PG&E crisis has been
scheduled for Tuesday, March 27, 2001.  A reservation has been made under the
name of "Enron" at Ruggles Restaurant, 903 Westheimer for 12:00 noon.  Please
make sure to leave the office in time to reach the restaurant by 12:00 noon.
Enjoy your lunch.


Helen-

What is the mailing address?

Susan Pereira

Hermannpk@aol.com on 11/15/2000 12:37:21 PM
To: Susan.W.Pereira@enron.com
cc:
Subject: Re: Riding lessons

Susan,

I have Kali on our list for Sat the 25th. If you can, send a check for $27
and that will move you to the head of the list. Prepaid riders go to an
instructor ahead of "stand-by" riders. If you are unsure about whether or not
Kali wants to ride, wait to pay. There are no refunds or make-ups for prepaid
lessons.

Helen Peters


Dear Mr. Lin:

Attached for your consideration is a draft of a Master Agreement with Enron
North America Crop.  Please give me a call with any questions and or comments
you may have regarding the attached.

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


Below are 3 presentations......
the first is the presentation from the MACRUC conference, the second is what I presented to the NYPSC, and the third is the backbone presentation I use for utilities regarding hedging and risk management.  They are all similiar with different twists to meet the audiences' needs, although without some verbal description, they probably won't make a lot of sense.  Call me if you have questions!

Janine...look these over and see if this is what you had in mind for Indiana....If it is, I'll have to chat with Dave Duran ....just to make sure that this is an initiative he would like me to take

 -----Original Message-----
From: 	Nicolay, Christi
Sent:	Saturday, July 28, 2001 8:12 AM
To:	Shapiro, Richard
Cc:	Scheuer, Janelle
Subject:	RE: Janelle's presentation

Hi Rick.  No, I don't have.  Janelle, can you forward it to Rick please?  Thanks.

From:	Richard Shapiro/ENRON@enronXgate on 07/28/2001 08:03 AM
To:	Christi L Nicolay/HOU/ECT@ECT
cc:

Subject:	RE: Janelle's presentation

Do you have a copy of the presentation?

-----Original Message-----
From:	Nicolay, Christi
Sent:	Sat 7/28/2001 7:32 AM
To:	Duran, W. David
Cc:	Steffes, James D.; Shapiro, Richard; Migden, Janine; Montovano, Steve; Scheuer, Janelle
Subject:	Janelle's presentation

Dave -- I wanted to give you some great feedback I got on Janelle's hedging presentation at the NARUC conference.  Herb Tate, a former NJ commissioner, said that Janelle "knocked em dead."  Herb is now serving as the FERC judge's consultant for the "one" Southeast RTO mediation for the next month.

To the extent that our GA people think it makes sense, Janelle could meet with some of the PUCs in the South.  Many of them are attending the FERC mediation and some have expressed their thoughts that RTOs may not be necessary or helpful.  Thanks.


done.

Michael Olsen@ENRON
03/20/2001 10:48 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Deal 338634 Meter 985077

The above deal was in the system for 7/1/00 to 12/31/00.  We have had
continued flow on the following dates...

1/4/01 to 1/8/01
1/29/01
2/7/01 to 2/28/01

The total flow has been 2804.

Can this deal be extended to cover the January and February flow?


======================
houstonpress.com Newsletter
October 18, 2001
http://www.houstonpress.com
======================

Burn off some calories and help the Child ID Program.  Sign up for the Houston Press Dome Run.  Events include a 10K, 5K Walk, 5K Run, and a Kids K.  Register before November 3rd and save $7.
http://www.houstonpress.com/domerun/2001/index.html?src=newsletter

For more information on the Child ID program, visit:
http://www.childidprogram.com/

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

NEWS & FEATURES
http://www.houstonpress.com/issues/2001-10-18/news_toc.html?src=newsletter

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

 Saving Nicholas
 He was hurt by his mother, ripped away from the foster parents who loved him and put in an institution where he was abused. That's when Alice and Ellery Riha really decided to fight.
 By Brian Wallstin
 http://www.houstonpress.com/issues/2001-10-18/feature.html/page1.html?src=newsletter

 Payback Time?
 Dick DeGuerin beat the IRS. Now there's a bigger war over basic rights.
 By George Flynn
 http://www.houstonpress.com/issues/2001-10-18/news.html?src=newsletter

 Fine Arts Fallout
 Will local groups get hammered by the post-terrorist hotel tax dive?
 By Jennifer Mathieu
 http://www.houstonpress.com/issues/2001-10-18/news2.html?src=newsletter

 Taking Aim
 Texas inmates fleeing the coop might as well pin targets on their backs, under a new prison policy.
 By Melissa Hung
 http://www.houstonpress.com/issues/2001-10-18/news3.html?src=newsletter

 But Who's Counting?
 Thousands of students disappear from our schools yearly, but the TEA insists they're not dropouts
 By Margaret Downing
 http://www.houstonpress.com/issues/2001-10-18/downing.html?src=newsletter

 Reel War
 The Army and Hollywood join hands to wage virtual, bloodless battles
 By Robert Wilonsky
 http://www.houstonpress.com/issues/2001-10-18/stuff.html?src=newsletter

 Letters
 Don't Fault CPS, Skirting the Issue, Bearing Witness
 http://www.houstonpress.com/issues/2001-10-18/letters.html?src=newsletter

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

NIGHT & DAY
http://www.houstonpress.com/issues/2001-10-18/nightday_toc.html?src=newsletter

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

 Opera Is Cool
 The "Elvis of Opera" plays down his pop-star status
 By Dylan Otto Krider
 http://www.houstonpress.com/issues/2001-10-18/calendar.html?src=newsletter

 They See Dead People
 Houston's glut of construction may just be pissing off the ghosts of this town
 By Dylan Otto Krider
 http://www.houstonpress.com/issues/2001-10-18/calendar2.html?src=newsletter

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

CAFE
http://www.houstonpress.com/issues/2001-10-18/cafe_toc.html?src=newsletter

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

 Kirby Kong
 Exotic Hong Kong-style seafood inside the Loop
 By Robb Walsh
 http://www.houstonpress.com/issues/2001-10-18/cafe.html?src=newsletter

 Imagine All the Pitas
 Houstonians have broad minds, and stomachs
 By George Alexander
 http://www.houstonpress.com/issues/2001-10-18/dish.html?src=newsletter

 Dude, Where's My Car?
 Regina Ruiz
 By Robb Walsh
 http://www.houstonpress.com/issues/2001-10-18/toque.html?src=newsletter

 Road Warrior
 Roadster Grill
 By Melanie Knight
 http://www.houstonpress.com/issues/2001-10-18/plate.html?src=newsletter

 Stirred and Shaken
 Mark's Maker's Mark Lemonade
 By George Alexander
 http://www.houstonpress.com/issues/2001-10-18/stirred.html?src=newsletter

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

MUSIC
http://www.houstonpress.com/issues/2001-10-18/music_toc.html?src=newsletter

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

 Wizard of Boz
 Boz Scaggs evolves along with his beloved R&B
 By Bob Ruggiero
 http://www.houstonpress.com/issues/2001-10-18/music.html?src=newsletter

 Be Cool
 Elmore Leonard finds fodder for fiction in the Stone Coyotes, a real-life rock and roll band
 By Aaron Howard
 http://www.houstonpress.com/issues/2001-10-18/music2.html?src=newsletter

 School Daze
 Pot Roast's Sebastian Ayus dishes out open-ended jams and bleary-eyed Texas history
 By Mike Emery
 http://www.houstonpress.com/issues/2001-10-18/music3.html?src=newsletter

 Racket
 Local music goes unnoticed in the Bayou City
 By John Nova Lomax
 http://www.houstonpress.com/issues/2001-10-18/racket.html?src=newsletter

 I Want My M(ontrose) TV!
 Video killed the radio bars, at least in Montrose
 By Craig D. Lindsey
 http://www.houstonpress.com/issues/2001-10-18/nightfly.html?src=newsletter

 Playbill
 The Butthole Surfers
 By Rob Patterson
 http://www.houstonpress.com/issues/2001-10-18/playbill.html?src=newsletter

 Playbill
 Robbie Fulks
 By Rob Patterson
 http://www.houstonpress.com/issues/2001-10-18/playbill2.html?src=newsletter

 Minibill
 Albert & Gage
 By Rob Patterson
 http://www.houstonpress.com/issues/2001-10-18/minibill.html?src=newsletter

 Minibill
 Bianca DeLeon
 By John Nova Lomax
 http://www.houstonpress.com/issues/2001-10-18/minibill2.html?src=newsletter

 Minibill
 The Magnetic IV
 By John Nova Lomax
 http://www.houstonpress.com/issues/2001-10-18/minibill3.html?src=newsletter

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

FILM
http://www.houstonpress.com/issues/2001-10-18/film_toc.html?src=newsletter

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

 Hollywood Hells
 David Lynch crashes on Mulholland Drive, but the wreckage is smashing
 By Gregory Weinkauf
 http://www.houstonpress.com/issues/2001-10-18/film.html?src=newsletter

 Dead Last
 Redford and Lurie wave  the flag but fail to earn  their stripes.
 By Luke Y. Thompson
 http://www.houstonpress.com/issues/2001-10-18/film2.html?src=newsletter

 Blood Brothers
 Albert and Allen Hughes deliver  a sensuous but grisly message From Hell.
 By Gregory Weinkauf
 http://www.houstonpress.com/issues/2001-10-18/film3.html?src=newsletter

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

ARTS & THEATER
http://www.houstonpress.com/issues/2001-10-18/arts_toc.html?src=newsletter

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

 Culture Schlock
 Alley's Art blows funny and formidable holes in our pseudo-fashionable ways.
 By Lee Williams
 http://www.houstonpress.com/issues/2001-10-18/theater.html?src=newsletter

 High-Tech Spectacle
 Jennifer Steinkamp and Sharon Engelstein bring back the big and bold.
 By Kelly Klaasmeyer
 http://www.houstonpress.com/issues/2001-10-18/art.html?src=newsletter

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

If you ever want to remove yourself from this mailing list,
send the following word
unsubscribe
on a line by itself in the body (not the subject) of an email to:
newsletter-request@lists.houstonpress.com

=====================================================================
houstonpress.com weekly news eLetter from Houston Press
Copyright 2001 New Times. All rights reserved.

Read our Privacy Policy
http://www.houstonpress.com/about/privacy_policy.html


Lending from El Paso for Friday and Saturday....

STWBOM and STSW are each short 25 mw on peak at Palo. Day ahead sales were made at $39.50. Purchase to cover the short positions. Sell back to El Paso @ $0. Reduce purchase prices in the following deals to $2 to cover El Paso's service fee.....

745958 - STWBOM buys EPE
	 On Peak/PV
	 25 mw @ $39.50
					} Reduce these purchase to $2
745989 - STSW buys EPE
	 On Peak/PV
	 25 mw @ $39.50

Please let me know if you have questions.

Thanks,
Kate


Please use the same credit terms used in the 9/27/00 confirm.  Comments or questions, please call.

Ed

 -----Original Message-----
From: 	Yoder, Christian
Sent:	Monday, June 11, 2001 4:21 PM
To:	Murphy, Melissa Ann; Cason, Sharen; Ngo, Tracy; Sacks, Edward
Cc:	Radous, Paul; Semperger, Cara; Scholtes, Diana; Swerzbin, Mike; Dunton, Heather; Malowney, John
Subject:	RE: Sale to Louisiana-Pacific (L-P)

 In a confirmation letter dated September 27, 2000 we did a five year fixed price deal with LP and, in the confirm, we amended the credit terms of the underlying Enron Master Agreement.  In the confirmation letter we use to document this current deal,  we need to make sure:  (i) Credit is ok with the new deal being done under the same old credit terms; and (ii) that the new confirm refer to the credit amendments in the old confirm.  Melissa and Sharon, please make sure Credit is ok with the old credit amendments for the new deal and then send me the draft confirm and I will make sure it refers to the old confirm correctly. ----cgy

 -----Original Message-----
From: 	Malowney, John
Sent:	Friday, June 08, 2001 4:20 PM
To:	Swerzbin, Mike; Dunton, Heather; Yoder, Christian
Cc:	Radous, Paul; Semperger, Cara; Scholtes, Diana; Murphy, Melissa Ann; Cason, Sharen
Subject:	Sale to Louisiana-Pacific (L-P)

The attached details a sale done late Friday (6/8/01) afternoon to L-P that needs to be entered into the Trade log.  Per Paul Radous the "credit hold" will be less than $1.00/MWh.  Christian Yoder is familiar with the needed confirmation.  If anyone has any questions please let me know Monday (6/11) as I'll be traveling the remainder of the week.  Thanks again for everyone's efforts.  John

 << File: Confirm #5.doc >>


houston would be easy    ireland kinda tough

From: Jennifer Fraser/ENRON@enronXgate on 03/13/2001 12:51 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: how are your broker relationships?

what is the probability of you procuring some U2 tickets? We would dearly
love to attend the concert in ireland at slane castle in august....I couldn't
dial fast enough to get them
Jen Fraser

713-853-4759


Susan:  Would you please send a copy of the referenced agreement to Ellen Su
(30th floor - Gary's group).  Thanks.  Sara


At the TAC meeting in October, TAC formed the
Protocol Implementation Work Group (PIWG).  The
timeline for the work group's activities included
a milestone of ERCOT staff delivering a summary of
the Protocol/System gaps on November 15th.  This
message is the delivery of that summary.

The Consortium conducted a reconciliation of the
November 1 Protocols to the system design.  ERCOT
staff reviewed the reconciliation provided by the
Consortium.  There were a number of issues
included in the reconciliation that are still
under review with the vendors.  The finalization
of that review is being completed as quickly as
possible.  Based on the decisions during the
review, there may be some more issues that will
need to be added to the Protocol Implementation
Plan (PIP).

There were a number of issues that relate to
things that are in the November 1 Protocols that
are not in the current system design and will not
be available on June 1, 2001.  ERCOT staff worked
very hard over the last few days to prepare those
issues to be sent to the PIWG for review and
criticality analysis.  ERCOT staff used the
November 1 Protocols as a baseline.  We boxed the
language that related to things that would not be
available and in effect on June 1, 2001.  The box
includes a PIP Issue number, explanation of the
reason the Nov. 1 language is in the box, and an
explanation of the restoration process for the
November 1 language.  In the body of the Protocol
document, we drafted redline language which
reflects what will be in place on June 1, 2001.

The attached files contain:

(1)   PIP Master List - This is a master list of
all the Protocol Implementation Plan (PIP) issues
that have been identified to date.  It contains an
issue name, Protocol subsection reference, summary
of the issue, status, and ERCOT author.

(2)  A file for each PIP issue which contains an
excerpt from the Nov. 1 Protocol reflecting the
boxes and redlined language.

(3)  Reconciliation documents for PIP issues that
the PIWG has already discussed.

All of these issues will be discussed at PIWG
meetings.  We will be working with Brad Jones,
PIWG Chair, to set up the meeting days and the
agenda for reviewing each of these issues.  The
agenda will be published prior to the meetings so
that organizations have the opportunity to
identify the appropriate persons to attend.  In
addition, ERCOT staff will be working with the
PIWG during the discussions of each issue.

The PIWG has a lot to accomplish in a short amount
of time.  ERCOT staff has prepared the issues to
help expedite the process and contribute to the
process.  We look forward to completing the PIP.

Cheryl F. Moseley
Business Rules and Contracts Manager
ERCOT
512/248-3880
512/750-8152 cell
512/248-3886 fax

Please note:  There will be a total of 9 e-mails
including this one in this message.


Let's send out this in the morning (if possible).  Is the worksheet
attached?  I couldn't  access it.  We'll need address into from John Malowney
(Portland) if Wendy doesn't have it.

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 04/03/2001 04:52 PM -----

	Wendy Conwell@ENRON
	04/03/2001 11:41 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: john.malowney@enron.com, Tracy Ngo/PDX/ECT@ECT, Edward
Sacks/Corp/Enron@Enron, Paul Radous/Enron@EnronXGate
		 Subject: Re: Boeing Credit Worksheet

Sara,

How would you like to handle the outgoing guaranty for this.  Would you like
someone in your group to negociate it directly with the customer prior to
sending it up to Clement for sign off, or would you prefer that I go to Cindy
Richardson and Clement Abrams directly.  Please advise,

WEndy

John Malowney@ECT
04/03/2001 09:51 AM
To: Wendy Conwell/NA/Enron@ENRON
cc: Sara Shackleton/HOU/ECT@ECT, john.malowney@enron.com@ENRON, Tracy
Ngo/PDX/ECT@ECT, Edward Sacks/Corp/Enron@Enron, Paul
Radous/Enron@EnronXGate@ENRON

Subject: Re: Boeing Credit Worksheet

Wendy, I appreciate you knocking out the CWS so quickly.... Thanks !!  John

Sara, do you prefer to e-mail or mail a hard-copy to Boeing ?  Let me know
and I'll supply you with the accompanying address.

John


And me?

 -----Original Message-----
From: 	Booth, Chris
Sent:	Monday, November 19, 2001 5:00 PM
To:	Jacoby, Ben
Cc:	Mann, Kay; Vos, Theresa
Subject:	NorthWestern Call Option

Ben,

I will coordinate the $5,112,535 payment to NorthWestern with Theresa.

Chris

 << File: Blue Dog Remaining GE Payments.xls >>


---------------------- Forwarded by Carlos J Rodriguez/HOU/ECT on 01/24/2000
01:38 PM ---------------------------

Vance L Taylor
01/24/2000 09:17 AM
To: Tom Acton/Corp/Enron@ENRON, Carlos J Rodriguez/HOU/ECT@ECT
cc: Brian M Riley/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT, Donald P
Reinhardt/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT
Subject: Phillips Petroleum, Inc.

Tom,

Please generate spot tickets in sitara based upon the follow:

12/1/99-12/31/99 Phillips Petroleum Company  6673   750mmbtu/d  100% IF/HSC
less $0.17
01/1/00-01/31/00 Phillips Petroleum Company  6673   750mmbtu/d  100% IF/HSC
less $0.17

Thanks,

vlt
x3-6353


he sends me his stuff... i like him because he's willing to take a stand.  so
many technicians bullshit  their way "support at 5400-5600 but if it breaks
that look for 5250".  if every technician put specific trades on a sheet with
entry and exit points and published them every day, a lot of people would be
unemployed.

slafontaine@globalp.com on 02/06/2001 07:24:43 AM
To: jarnold@enron.com
cc:
Subject: daily charts and matrices as hot links 2/6

you mite already get this, if not ill be happy to forward so let me know.
interesting comments on both gas and crude for the timing of seasonal lows
---------------------- Forwarded by Steve LaFontaine/GlobalCo on 02/06/2001
08:23 AM ---------------------------

SOblander@carrfut.com on 02/06/2001 07:55:39 AM

To:   soblander@carrfut.com
cc:    (bcc: Steve LaFontaine/GlobalCo)
Fax to:
Subject:  daily charts and matrices as hot links 2/6

The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  , 2000 Carr Futures

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

Crude     http://www.carrfut.com/research/Energy1/crude12.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas12.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil12.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded12.pdf
Spot Natural Gas     http://www.carrfut.com/research/Energy1/spotngas12.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/Stripmatrix12.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG12.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL12.pdf

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


Energy and Environment Committee Members:

With all the interest shown by both the energy and environment committees in
biodiesel, you may want to visit the link below to access the text of the
following article (thanks to Steve Motzko):

 <<Biodiesel revolution begins in S.F. - First retail outlet for vegetable
fuel opens.htm>>

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2001/05/23/MN110637.DTL&
type=printable

Stephen Motzko, CSP
Solectron Corporate EHS Manager
Phone:  510-661-3979
Fax:  510-661-3992
email:  stephenmotzko@ca.slr.com

 - Biodiesel revolution begins in S.F. - First retail outlet for vegetable
fuel opens.htm


Instructions for Life in the new millennium from
> > > > >the Dalai Lama:
> > > > >1.  Take into account that great love and great
> > > > >achievements involve great risk.
> > > > >2.  When you lose, don't lose the lesson.
> > > > >
> > > > >3.  Follow the three Rs: Respect for self, respect
> > > > >for others, responsibility for all your actions.
> > > > >4.  Remember that not getting what you want is
> > > > >sometimes a wonderful stroke of luck.
> > > > >5.  Learn the rules so you know how to break them
> > > > >properly.
> > > > >6.  Don't let a little dispute injure a great
> > > > >friendship.
> > > > >7.  When you realize you've made a mistake, take
> > > > >immediate steps to correct it.
> > > > >8.  Spend some time alone every day.
> > > > >9.  Open your arms to change, but don't let go of
> > > > >your values.
> > > > >10.  Remember that silence is sometimes the best
> > > > >answer.
> > > > >11.  Live a good, honourable life.  Then when you
> > > > >get older and think back,
> > > > >you'll be able to enjoy it a second time.
> > > > >12.  A loving atmosphere in your home is the
> > > > >foundation for your life.
> > > > >13.  In disagreements with loved ones, deal only
> > > > >with the current situation.  Don't bring up the
> > > > >past.
> > > > >14.  Share your knowledge.  It's a way to achieve
> > > > >immortality.
> > > > >15.  Be gentle with the earth.
> > > > >16.  Once a year, go someplace you've never been
> > > > >before.
> > > > >17.  Remember that the best relationship is one in
> > > > >which your love for each other exceeds your need for
> > > > >each other.
> > > > >18.  Judge your success by what you had to give up
> > > > >in order to get it.
> > > > >19.  Approach love and cooking with reckless
> > > > >abandon.
> > > > >Do not keep this message.  The mantra must leave
> > > > >your hands within 96 hours.
> > > > >You will get a very pleasant surprise (this is true
> > > > >even if you are not superstitious) if you send it
> > > > >to:
> > > > >0-4 people: Your life will improve slightly.
> > > > >5-9 people: Your life will improve to your liking.
> > > > >9-14 people: You will have at least 5 surprises in
> > > > >the next 3 weeks.
> > > > >15 people and above: Your life will improve
> > > > >drastically and everything you ever dreamed of will
> > > > >begin to take shape.
>
>
> I needed the extra points...............................
>
>
>
>
>   _____
>
> Get more from the Web. FREE MSN Explorer download :
http://explorer.msn.com
> <http://explorer.msn.com>
>
>
>
>
>


Memorial park noon - end.  Trying to raise about 90K,


>To All:

>CRIME ALERT
>Sender: owner-ucb_police_news@listlink.berkeley.edu
>Precedence: bulk
>Reply-To: ucpolice@uclink4.berkeley.edu
>
>Sexual Assault, May 18, 2001, Central Campus
>
>On May 18, 2001 between 1:30am and 2am a male sexually assaulted a
>female UCB student.  The assault occurred outside the northwest
>exterior doors to Dwinelle Hall.
>
>The victim met the responsible earlier in the evening at Raleigh's
>Bar.  The victim and responsible took a walk onto campus
>approximately between 1:30am and 2am.  The responsible made sexual
>advances and battered the victim when she resisted his advances.  The
>responsible sexually assaulted the victim and then fled westbound off
>campus.
>
>The responsible is described as:
>
>White male, 24-26 years old, 5'10" to 5'11", 220 to 230lbs, dark
>hair, no facial hair, no glasses, and wearing light colored plaid
>button up shirt and khaki pants.  The suspect was also described as
>having a long face with sharp features, a lean muscular build, and a
>deep voice.
>
>A composite picture of the responsible is currently being developed
>and will be posted soon on the Police web site
>(http://police.berkeley.edu) .
>
>If you recognize this responsible or have any information about this
>crime, please contact:
>
>University of California Police Department
>Detective Bruce Bauer
>(510) 642-3658   Tues.-Fri.  7am to 5pm
>
>or
>
>Criminal Investigation Bureau
>(510) 642-0472 Mon-Fri 8am to 5pm
>
>or
>
>UC Police Communications Center
>(510) 642-6760 At any time.
>
>As with any emergency situation, if you see suspicious activity, call 9-1-1.
>
>Victoria L. Harrison
>Chief of Police
>-----------------
>A PDF (Adobe Portable Document Format) version of this alert is
>available for download and posting at:
>http://public-safety.berkeley.edu/police/ca05182001.html
>
>Directions for subscribing to ucb_police_news are available at:
>http://public-safety.berkeley.edu/police/newselist.html
>
>UC Police News Page on the web (links to recent crime alerts):
>http://public-safety.berkeley.edu/police/ucpdnews.html
>
>
>--
>
>
>Prepared by:
>Community Outreach & Emergency Services Division
>ucpolice@uclink.berkeley.edu
>http://www.berkeley.edu/ucpolice
>
>This alert is distributed as a public service
>to the University community and in compliance
>with the Clery Act of 1998
>(formerly the Student Right to Know Act of 1990).
>------------------------------------------------------


Great. I can not wait to see you guys. Looks like I will have to postpone my
wine celler plans.
Us poor struggling title lawyers!! I doubt if you knew Bill Perkins from
Tulane Law School. He
graduated with Monty's class. Monty called me today to tell me that he died a
week or so ago.
Liver problems!! Bill was not into moderation.

I invited Monty to join us on the 16th and told him that Southwest has a
special now with $41
flights to and from New Orleans. He said he would look into it. However, if
you called him, I
would suspect that the odds of him showing up would increase dramatically.
Sort of a belated
B'day. He thought it was funny that you and Donna had to look forward to May
16th to have a
mutually open date. I told him that attractive, single, open minded, mature
females are in much
demand in the big city.

Carson

Sara.Shackleton@enron.com wrote:

> I can't remember exactly - maybe $4000 - $5000
>
> Sure looks like you like to pry!!!  (just kidding, Carson)  I've picked out
> a variety of wine for the 16th, by the way
>
> 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
>
>
>                     "R. Carson
>                     Llewellyn"           To:     Sara Shackleton
<Sara.Shackleton@enron.com>
>                     <carlew@flash        cc:
>                     .net>                Subject:     Wine Celler
>
>                     04/24/2001
>                     11:32 AM
>
>
>
> Sara:
>
> I hate to pry but I might be doing some remodeling to my house in July
> and wonder what it would cost to duplicate your closet wine celler. Do
> you recall a ball park figure on the costs.
>
> See you on May 16th.
>
> Carson


Who is Paul Kaufan?????


Although this entity was sold earlier this year, an announcement e-mail was not issued at that time due to lack of complete documentation.

On March 30, 2001, Fountain Valley Power, L.L.C. (87V-FVPL) sold; 100 percent of the ownership interest was assigned to Black Hills Fountain Valley, L.L.C.

Please share with interested individuals within your groups.

Corporate Records - - Evidence to be hand delivered.

Lori Pinder
Supervisor, Corporate Services
and Assistant Secretary
1400 Smith St., Room 4802
Houston, Texas 77002
713.853-7291
713.646.8007 (Fax)


---------------------- Forwarded by Mary Clark/Corp/Enron on 03/16/2000 12:40
PM ---------------------------

Lon Allchin
03/16/2000 10:33 AM
To: Mary Clark/Corp/Enron@ENRON
cc:

Subject: London All Employee Meeting

Mary, I just wanted to let you know how great I thought the London meeting
went using the IP-TV technology.  I found it of very high quality and easy to
use.  Most people in my department also "tuned-in" for at least some portion
of the program and all thought it was a resounding success.  A few folks who
use laptops and docking stations did not have soundcards which meant they
could see but not hear the presenters.  I and some others minimized the
screen and continued or normal work while still listening to the audio.  Good
Job!  We will be looking at this technology as another delivery option for
our various training programs.

By the way, here is the link for the EBS page which demonstrates what can be
accomplished using the Enron Net .  Access this directly from the Enron
Intranet home page.  -Lon-

http://stationcast.com/ie/default.htm


cubs tix

 -----Original Message-----
From: 	Richter, Jeff
Sent:	Monday, August 13, 2001 2:16 PM
To:	Ward, Kim S (Houston)
Subject:	RE:

In houston tomorrow afternoon until thursday.

what is going on?

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Monday, August 13, 2001 11:01 AM
To:	Richter, Jeff
Subject:

are you in pdx or iah?

kim


FYi
---------------------- Forwarded by Susan Scott/ET&S/Enron on 03/22/2000
04:44 PM ---------------------------

Colleen Raker
03/22/2000 04:44 PM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Calpine O&M Section 5.4

The attached electronic version of Section 5.4 integrates the changes noted
by underline on the hard copy I left in your office the other day.  I took
this opportunity to also divide Section 5.4 into 2 subparagraphs for
clarity's sake.  I also inserted a new  sentence at the end of subparagraph A
which was suggested by Enron Risk Management at a meeting I had with them
yesterday.  I will be adding this insert in the standard Limitation of
Liabilitysection in the GPG O&M forms of agreement.  Please replace the
currect section 5.4 in the Calpine O&M with the attached.


Let's just keep it at 10 so we don't have to re-coordinate things.

	"Patti Young" <pyoung@cliverunnells.com>
	05/18/2001 12:34 PM

		 To: <Tana.Jones@enron.com>
		 cc:
		 Subject: RE: Thursday

I'm back.  I just changed my hair appt. to next week.  Would you rather meet
at 9 or 9:30 in the a.m.?  Let me know soon so I can change everyone around.
Should we leave it?  Phyllis is o.k. with either time.

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com]
Sent: Thursday, May 17, 2001 1:56 PM
To: pyoung@cliverunnells.com
Subject: RE: Thursday

Please call Carol.  How about the Buffalo Grille, or is that too busy?

                    "Patti Young"
                    <pyoung@cliverun        To:     <Tana.Jones@enron.com>
                    nells.com>              cc:
                                            Subject:     RE: Thursday
                    05/17/2001 05:53
                    PM

Good!!  If you want to get Hollie, Lucinda, etc., to come, please feel free
to do so.  Is there any special place you want to go???

I have been thinking about you as well.  I have your bicycle and will
return
it to you when you are ready for it.  I can bring it on Saturday.  Will it
fit in your car?  If not, I can drop it by after breakfast.  Might need to
come by anyway to see what else you have done to it.

I will call Carol, too, if you don't care.

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com]
Sent: Thursday, May 17, 2001 1:36 PM
To: pyoung@cliverunnells.com
Subject: Re: Thursday

Breakfast at 10:00 sounds great!  Wherever you want to go...also, I need to
get my bike back from you, I might be doing some biking.  I've been
thinking about you.  Hope all is going well.

                    "Patti Young"
                    <pyoung@cliverun        To:     "Tana Jones"
<tana.jones@enron.com>
                    nells.com>              cc:
                                            Subject:     Thursday
                    05/17/2001 05:33
                    PM

Miss Tana,

Is there a chance you might like to try to get together this weekend?  I
thought I would check with you first and then see if Phyllis is available.

I have a hair appointment at 8 a.m. on Saturday.  We could do breakfast at
10, or whatever...

Let me know.

Patti

(


I said I would pass this around and put Shmuel into the mix to consider, but
that we're getting pretty tight and the academic spots have mostly been
chosen.

> -----Original Message-----
> From: Shmuel Oren [SMTP:OREN@IEOR.Berkeley.edu]
> Sent: Thursday, September 07, 2000 1:13 AM
> To: gramlr@pjm.com; lfried@uclink.berkeley.edu
> Subject: Conference at Berkeley
>
> I heard through Jim Bushnell and some folks at ICF about a conference you
are
> involved in at Berkeley. If you need some contributions I would be happy to
> participate. Attached is a little note that Pablo Spiller and I wrote. It
was
> intended as an ed op but we could probably expand on it.
> /////////////////////////////////////////////////////////
> Shmuel S. Oren, Professor
> Dept. of Industrial Engineering
>         and Operations Research
> 4117 Etcheverry Hall
> University of California
> Berkeley, CA 94720-1777
> e-mail: oren@ieor.berkeley.edu <mailto:oren@ieor.berkeley.edu>
> phone: (510) 642-1836 or 5484
> Fax:      (510) 642-1403
> ///////////////////////////////////////////////////////////
>  <<CALIFORNIA.doc>>

 - CALIFORNIA.doc


looks like she is going to play
---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 10/16/2000
04:57 PM ---------------------------

Roy_Dealy@veritasdgc.com on 10/16/2000 03:48:54 PM
To: Kendra.Dromgoole@enron.com
cc: lisa.gillette@enron.com, matthew.lenhart@enron.com

Subject: Re: Tomorrow's Games

I'm sure Matt or Lisa can provide guidance for you.  If not, here is a
map....

(See attached file: Sportsplex Map.gif)(See attached file: Sportsplex
Map-overview.gif)

See you out there,
Roy

Veritas will have a new office location effective October 16th:
10300 Town Park, Houston, TX 77072
Tel - 832-351-8515
Fax - 832-351-8744

                    Kendra.Dromgoole
                    @enron.com              To:     Roy Dealy/NASA/VDGC@VES
                                            cc:
                    10/16/2000 04:38        Subject:     Re: Tomorrow's Games
                    PM

I will most likely play if I can find someone I can follow after work.

 - Sportsplex Map.gif
 - Sportsplex Map-overview.gif


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 09/01/2000
01:32 PM ---------------------------

Regina Blackshear@ENRON
08/31/2000 07:28 PM
To: ginregblack@yahoo.com, ashp_2@yahoo.com, rubesblack@yahoo.com,
vblack4538@aol.com, l_carter61@hotmail.com,
sonia_l_castorena@reliantenergy.com, Yolanda Clay<yoclay@flash.net>,
Amber.Ebow@enron.com, Loneta Edison<Loneta.Edison@wcom.com>,
NAGILL443@aol.com, Tammy Green <tcgreen@flash.net>, locacherri@aol.com, "R
Jordan"<rhondamjordan@hotmail.com>, "BENEDICT
PETERS"<bouncing98@hotmail.com>, barbtuwhite@yahoo.com, lanetia
yarbrough<yar_bro@yahoo.com>, Diane Salcido/Corp/Enron@Enron, Eve
Puckett/Corp/Enron@ENRON, Angela Barnett/HOU/ECT@ECT, Derick
Jones/Corp/Enron@Enron, Amber Limas/HOU/EES@EES, Shirlet
Williams/HOU/EES@EES, Judy Hernandez/HOU/ECT@ECT
cc:
Subject: Fwd: IM

>> > "Be Still"
>> >
>> > God, what do you mean to be still and know you are God?
>> >
>> > My child, what I mean is:
>> >
>> > Though the earth be removed,
>> > Though the waters thereof roar and be troubled,
>> > Though the mountains shake with swelling,
>> > Though the wind blow,
>> > Though the storm rage;
>> >
>> > IN OTHER WORDS
>> >
>> > Though your bills are due,
>> > Though they give you a hard time on your job,
>> > Though your husband won't act right,
>> > Though your wife won't act right,
>> > Though your children are disobedient,
>> > Though there's sickness in your body,
>> > Though your enemies get on your NERVES;
>> >
>> > Stop your WORRIES!
>> >
>> > Stop your COMPLAINING!
>> >
>> > Stop your DOUBTING!
>> >
>> > Stop your FROWNING!
>> >
>> > Cease your fears, and dry up those tears!
>> >
>> > For I'm right there to comfort you,
>> > I'm right there to guide you,
>> > I'm right there to hold you up,
>> > I'm right there to heal you,
>> >
>> > I'm right there to deliver you.
>> >
>> > So cast your cares upon me for I careth for you.
>> > My child this is what I mean by being still and knowing I
>> > AM GOD.
>> >
>> > FOR I AM GOD ALL BY MYSELF!!!
>> >
>> >
>

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


If the letter is alright, I can have it printed formally.  I never heard back
from Gareth with respect to any comments.  Just let me know what you would
like to do.  Sara

David Roland@EES
04/17/2000 01:41 PM
To: Sara Shackleton/HOU/ECT@ECT
cc: Gareth Bahlmann/HOU/ECT@ECT
Subject: Re: letter agreement between EES and Enron Corp.

Sara,

One more reminder for you regarding the letter agreement.

Thanks,
David

---------------------- Forwarded by David Roland/HOU/EES on 04/17/2000 01:40
PM ---------------------------

David Roland
04/13/2000 10:24 AM
To: Sara Shackleton/HOU/ECT@ECT
cc: Gareth Bahlmann/HOU/ECT@ECT
Subject: Re: letter agreement between EES and Enron Corp.

Sara,

We still need to get this letter agreement done for Hawaii.  Please give me a
call when you have some time to discuss it.

David

Sara Shackleton@ECT
03/31/2000 04:47 PM
Sent by: Kaye Ellis@ECT
To: David Roland/HOU/EES@EES
cc: Gareth Bahlmann/HOU/ECT@ECT
Subject: Re: letter agreement between EES and Enron Corp.

Attached is the revised letter agreement between EES and Enron Corp.

To: David Roland/HOU/EES@EES
cc: Sara Shackleton/HOU/ECT@ECT, Gareth Bahlmann/HOU/ECT@ECT
Subject: Re: letter agreement between EES and Enron Corp.

Sara and Gareth,

We still need to finish this agreement and have it signed.  To my knowledge,
it has not been completed and signed.

David

	Enron Energy Services

	From:  David Roland                           03/30/2000 06:11 PM

To: Sara Shackleton/HOU/ECT@ECT
cc: Gareth Bahlmann/HOU/ECT@ECT
Subject: Re: letter agreement between EES and Enron Corp.

Sara,

I'm on someone else's computer - I'm having all sorts of e-mail problems
today.

The business person on the  EES side to be signing this letter would be Mark
S. Muller.  He is a Managing Director of EES LLC.

I don't necessarily have a problem with the description of the back-to-back
obligations, but I'd like to know Gareth's opinion as to whether the language
is too broad.

David

Sara Shackleton@ECT
03/30/2000 04:38 PM
To: David Roland/HOU/EES@EES, Gareth Bahlmann/HOU/ECT@ECT
cc:
Subject: letter agreement between EES and Enron Corp.

Attached is a first stab at the agreement.  Please comment.


[IMAGE]
Using the  TradersNewsTM Energy
Hourly Index in a  Next-day Trading Strategy  hex1.jpg
TradersNews Energy is  the comprehensive source for pricing data on the hourly  markets.
Hourly and next-day  prices generally track within narrow bounds...
The gap can widen  dramatically during periods of price volatility.
For more information  contact us at:
Cinergy Daily vs.  Hourly Prices
Market coverage  includes:

Cinergy
Northern ECAR  Entergy/SPP
MAIN
SERC
ERCOT
4 WSCC  Markets
888-320-1006tnesales@ipgdirect.com Click to view full  case study
 - hex0.gif
 - hex1.jpg


---------------------- Forwarded by Stephanie Miller/Corp/Enron on 03/26/2001
01:11 PM ---------------------------

Stephanie Miller
03/26/2001 12:56 PM
To: Lynn.g.dahlberg@williams.com
cc:

Subject: Kern Assignment Document

---------------------- Forwarded by Stephanie Miller/Corp/Enron on 03/26/2001
12:55 PM ---------------------------

Gerald Nemec@ECT
03/19/2001 05:12 PM
To: Stephanie Miller/Corp/Enron@ENRON
cc:

Subject: Kern Assignment Document

Stephanie,  Attached is a the form of assignment that we would use for the
Kern River expansion with the producer.  Please let me know if you have any
questions.


Tana, can you let me know if you can take care of this request from Valero?
Thank you  3-0543
---------------------- Forwarded by Larry Gagliardi/Corp/Enron on 05/11/2000
02:28 PM ---------------------------
Dale Neuner @ ECT   05/11/2000 08:59 AM

To: Larry.gagliardi@enron.com
cc:

Subject: Re: isda

Larry -

Please forward your request to Tana Jones, a paralegal who will certainly get
this to the right place. Tana can be reached at 3-3399.

Dale

---------------------- Forwarded by Dale Neuner/HOU/ECT on 05/11/2000 08:55
AM ---------------------------

Larry Gagliardi@ENRON
05/11/2000 08:20 AM
To: Dale Neuner/HOU/ECT@ECT
cc:
Subject: Re: isda

Dale, Pat  Markey referred me to you. Valero sent me this request, can you
process it or tell me who can?
---------------------- Forwarded by Larry Gagliardi/Corp/Enron on 05/11/2000
08:10 AM ---------------------------

wilsonj@valero.com on 05/10/2000 09:40:12 AM
To: larry.gagliardi@enron.com
cc: bowersk@valero.com, bhaecker@valero.com

Subject: Re: isda

Thanks for your call this morning.  I was in the middle of legging some gas
cracks and had to go.

Before we begin trading with you, we need to execute an ISDA.  I am
attaching a copy of our standard schedule.  We have this agreement in place
with all of the major dealers; and so, in general, we will not accept
substantial changes to the agreement, particularly with regard to credit
terms.

Again,  thanks for your call, and I look forward to dealing with you in the
future.

John
----- Forwarded by John Wilson/PEUSA on 05/10/2000 09:37 AM -----

(See attached file: Schedule 5500.doc)

 - Schedule 5500.doc


esimien@columbiaenergygroup.com on 09/18/2000 12:43:20 PM
To: " - *chris.germany@enron.com" <chris.germany@enron.com>
cc:
Subject: Re: August Worksheets

Chris please read my original e-mail to Molly.

Thanks,
---------------------- Forwarded by Ernie Simien/CES/ColumbiaGas on 09/18/2000
01:44 PM ---------------------------

Molly.Sumrow@enron.com on 09/18/2000 12:40:10 PM
Please respond to Molly.Sumrow@enron.com

To: Ernie Simien/CES/ColumbiaGas@COLUMBIAGAS
cc:

Subject: Re: August Worksheets

Hi Ernie.  You probably did not know I am in another group now.  It is even
a different Enron company.  I forwarded your note to Joann Collins.  She
does TCO and can download those files and send them to you.  The
spreadsheet was done by Chris Germany this month.  If you need to talk to
Joann, her number is 853-5610 and her e-mail is joann.collins@enron .com.

I sure enjoyed working with you Ernie!

Molly

esimien@columbiaenergygroup.com on 09/18/2000 11:22:44 AM

To:   " - *molly.sumrow@enron.com" <molly.sumrow@enron.com>
cc:
Subject:  August Worksheets

Hi Molly.  It has been a while.  We have been going crazy here.  Getting
claims
for old past due items.

Please send me your August file.

Thanks,


Okay gang,

Given what was just sent out by Diane from the Professor, do we want to do
this first case (it is now optional)?  It appears that he will then break
the groups up and assign the remaining 5 cases to us.

What do you guys think?

Dylan


Notice No. 01-77
March 5, 2001

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

FROM:
Michael Campanelli, Vice President
Floor Operations, COMEX Division

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

The expiration date for the April 2001 options contract for Silver (SO J01)
and Gold (OG J01) is Friday, March 9, 2001.

 GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized on-line
trade entry (&OLTE8) system trained representative available until released
by the Exchange staff.  All adjustments  and/or corrections, must be
accompanied by relevant supporting documentation prior to being incorporated
into expiration processing.  In essence, making the expiration processing an
extension of the afternoon trade resolution procedures.

Exchange Clearing (299-2110) and Trade Processing (299-2465 and 299-2044)
personnel will be available to assist with the processing of notices of
Exercise and Abandonment, position transfers, trade corrections and other
questions or problems you may have.

Failure by any Clearing Member or qualified Floor Trader to comply with
procedures as outlined herein may result in severe disciplinary action by the
Exchange and potential financial liability to customers or members for
failure to exercise diligence in the processing of information.

 TRADING FLOOR OPERATIONAL PROCEDURES

Trading in the April 2001 Silver and Gold Options Contracts will cease at
2:25 P.M. and 2:30 P.M. respectively on March 9, 2001.  All Brokers and
Traders must inform their Clearing Members of their intentions to exercise or
abandon such Options by 4:00 P.M.

On Friday, March 9, 2001, all Brokers and Clearing Members must have a duly
authorized, On-Line Trade Entry (&OLTE8) system trained representative
available until such time as the Exchange deems necessary.

NOTE: After 4:30 P.M. all expiring option trade data must be inputted on
special &OLTE8 terminals located in the Trade Processing Room. Any other
means of submission will be rejected by the Exchange.  Members will be able
to submit all other trade data until 5:00 P.M.

After the UTR and the Preliminary Spot Month Matched Trade Reports are
displayed, Clearing Member representatives will be able to pick up their
Preliminary Clearing reports at the Clearing Department.

A final review of all submissions will be made, the Supervisor of the Trade
Processing Room will detain only those Clearing Members and/or Broker
representatives involved.  All final corrections will be made at this time
and upon determination of the Supervisor that all option processing is
complete, all representatives will be released.

Exchange Reports based on Friday,s submissions and processing will be
available on Monday morning March 12, 2001.

In the event that you have any questions regarding the foregoing trading
floor procedures please contact Michael Campanelli at (212) 299-2072 or David
Sherman at (212) 299-2061.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

1. OPEN POSITION CONFIRMATION (&OPC8) - The OPC should reflect as accurately
as possible all futures and options gross positions as of close-of business
on the business day prior to expiration.  Review the estimated current gross
positions as shown and make appropriate adjustments.  The OPC must be
submitted not later than 9:00 AM.

2.   OPTIONS EXERCISE/ABANDONMENT REQUEST FORM (&E/A8) - An expiring option
with a strike price in-the-money by one tick or more will be subject to
automatic exercise unless an Option Abandonment Request form is submitted
advising that a Clearing Member (&CM8) elects to abandon some or all of its
position in that strike price (i.e., for the option series).  All other
options series in the expiring month will be subject to automatic abandonment
unless an Option Exercise Request form is submitted.  When submitting an E/A
form, please note the following:

(a) An E/A form must be submitted not later than 5:00 PM.
(b) Do not submit an Exercise form for positions in strike prices, which are
subject to automatic
Exercise nor submit an Abandonment form for positions in strike prices, which
are subject to automatic abandonment.
(c) If a CM wishes to submit an E/A form to abandon a position in a strike
price subject to automatic exercise or wishes to exercise a position in a
strike price which is out of the money, it is necessary to notify Clearing by
telephone of such anticipated action.  The CM must have an officer available
to confirm such intention.
(d) CMs may secure from Clearing a time-stamped receipt of the CM copy to
assure submission  of the CM,s E/A forms.

3. OPTION POSITION REDUCTION REQUEST FORM (&OPRR8) - As a general rule,
purchases and sales of option contracts are presumed to be new business.   If
some or all of your purchases and sales are in fact undertaken for position
liquidation purposes, OPRR forms may be submitted on the day of expiration
and will be used in conjunction with trade data to reduce your projected
position in an expiring contract.  OPRR requests in excess of actual traded
volume will be rejected.  Exception: Cabinet trades and cancel correction
trades will automatically liquidate existing positions, therefore do not
submit an OPRR form for cabinet or cancel correction trades.
The OPRR form must be submitted not later than 5:00 PM.

4. HOUSE/CUSTOMER POSITION TRANSFER REQUEST FORM (&H/C8) - H/C forms may be
used only to transfer previously cleared contracts between a CM,s house and
customer accounts. Problem trades (those which have not cleared prior to
expiration day), must be corrected using COMEX,s on-line trade entry system
under the direct supervision of the Trade Audits Department of COMEX (&Trade
Audits8).  The H/C form must be submitted not later than 3:30 PM.

5. EX-PIT POSITION TRANSFER REQUEST FORM (&Ex-Pit8) - Ex Pit forms may be
used only to transfer previously cleared contracts between CMs.  Problem
trades (those which have not cleared prior to expiration day), must be
corrected on the on-line trade entry system under the direct supervision of
Trade Audits.  The Ex-Pit form must be submitted not later than 3:30 PM.

 *****
A) At approximately 4:15 PM, two PRELIMINARY reports of the expiration
process will be available for distribution at the Nymex Clearing Department:

1. OPTION EXPIRATION REPORT AND CONFIRMATION - The purpose of this report is
to project the CM,s present position going into the expiration based upon the
transactions which have already been submitted to Clearing.  CMs should
review and modify their adjusted gross positions as of close-of-business on
the business day prior to expiration.  Further adjustments may be submitted
not later than 5:00 PM.  The projected ending gross positions will reflect
transactions accepted or rejected for clearance on expiration night,
inclusive of Ex-Pit, H/C and OPRR transactions which have been submitted to
Clearing prior to 3:30 PM, and trade information submitted to COMEX prior to
3:45 PM.  Normally, this report will also reflect manually submitted Exercise
and Abandonment instructions, the projected number of exercises and maximum
potential assignments for each strike price, the type of exercise (manual or
automatic), whether the strike is In, At or Out of the money, and the
exercise val!
ue!
 associated therewith based on settlement prices established by COMEX on the
day of expiration.

2. TRANSACTION LISTING - This listing will include in detail all expiring
option trades submitted to COMEX prior to 3:45 PM on expiration day, and all
H/C, ExPit, OPRR and E/A transactions submitted to Clearing Prior to 3:30 PM.

Please note: Trade information reflected on the option expiration report and
transaction listing are trades submitted only. To inquire whether trades have
matched, each CM must review the trade reports provided by COMEX,s On-Line
Trade Entry (&OLTE8) system.

B) At approximately 5:30 PM, FINAL reports of the expiration process,
including all submissions to Clearing and trade information submitted to
COMEX made by 5:00 PM, will be available for distribution at the Nymex
Clearing Department.

C) At 5:45 PM, Preliminary In The Money Abandonment and Out Of The Money
Exercise information will be announced on Fast Facts.

D) At Approximately 7:30 PM, a Final Notice of Exercise/Assignments will be
available in each CM,s lockbox located at the Nymex Clearing Department.
Each CM, which has exercised or been assigned one or more options will
receive a separate statement showing exercises and/or assignments for each
option series.  Please check this statement carefully.  Although long options
positions in-the-money by one tick or more will be automatically exercised,
not all short option positions will be assigned if there are any options
manually abandoned at such strike prices.  Please note that there also may be
some at or out-of-the money options being exercised.

E) At approximately 9:00 PM, the final set of clearing sheets will be
available in each CM,s lockbox located at the Nymex Clearing Department.

It is strongly recommended that each CM have a representative(s) that is
properly trained to handle the option expiration process available beginning
at 4:15 PM and who will receive the CM=s reports at the specific times.  It
is solely the responsibility of the CM to review these reports and to notify
the Clearing staff immediately of any discrepancies.

To obtain the exact time of the availability for each report, clearing
members should call (212) 513-7405, access code 702.  The announcement time
will occur
 hour prior to availability.

Attached please find a Clearing Member Procedure Summary for ease of
reference.  Please contact John Ramos at (212) 299-2142 (Members 001-500) or
Mel Garcia at (212) 299-2144 (members 501-999) if you have any questions.
OPTION EXPIRATION PROCESSING CLEARING MEMBER PROCEDURE SUMMARY

Time: 3:30 PM
Activity: Expits, H/C transfers, Option Position Reduction and
Exercise/Abandon notices
Event: Submission to Clearing cutoff time.
Notes: Final cutoff for Expits and H/C tranfers

Time: 3:45 PM
Activity: Call Fast Facts to obtain availability time of Preliminary Option
Expiration Reports.
Event: Fast Facts notice of Availability

Time: 4:15 PM
Activity: Preliminary option expiration reports available to clearing members
at NYMEX Clearing Department

Time: 5:00 PM
Activity: Options Position Reduction, Exercise/Abandon notices and Gross
Position Adjustments
Event: Submission to Clearing Cutoff Time
Notes: Final cutoff for Option Position Reduction, Exercise/Abandon notices
and Gross Position Adjustments

Time: 5:05 PM
Activity: Call Fast Facts to obtain availability time of Final Preliminary
Option expiration Reports
Event: Fast Facts notice of Availability

Time: 5:30 PM
Activity: Final Preliminary option expiration reports available to clearing
members at NYMEX Clearing Department.

Time: 5:45 PM
Activity: Call Fast Facts to obtain Preliminary In the Money Abandonment and
Out of the Money Exercise Information
Event Fast Facts notice of information
Notes: New Event

Time: 6:00 PM
Activity: Corrections to previously Submitted Adjustments or Notices
Event: Correction period cutoff time (30 minutes after final preliminary
report is distributed)
Notes: Final cutoff for corrections

Time: 7:00 PM
Activity: Call Fast Facts to obtain availability of final expiring option
position and Exercise/Assignment report
Event: Fast Facts notice of Availability

Time: 7:30 PM
Activity: Final expirating options position and Exercise/Assignment report
available in clearing member's lockbox at NYMEX Clearing Department

Time: 8:30 PM
Activity: Call Fast Facts to obtain availability of final clearing reports.
Event: Fast Facts notice of Availability

Time: 9:00 PM
Activity: Final clearing reports available in clearing member's lockbox at
NYMEX Clearing Department.

Please contact John Ramos at (212) 299-2142 (Members 001-500) or Mel Garcia
at (212) 299-2144 (members 501-999) if you have any questions.

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

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(01-77)"

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


Attached is a revised draft of the letter, which is red-lined to show changes from the previous draft.


Dear Warren Electric Group friends,

On September 11, 2001 at 8:45 AM (EST), the United States of America was
forever changed!

The despicable acts of war by unknown cowardly terrorists have touched
each one of us very, very deeply -- beyond mere words.

For those of us that have family members or themselves that lived
through and fought for our freedom in World War II, Korea, Vietnam,
and/or Desert Storm, I am sure they thought that it was not possible for
these ghastly deliberate acts of terrorism to really happen on American
soil! BUT, it really did happen, and we must not forget that it did! God
rest all those souls...it really happened; and the truth is it could
happen again anywhere, anytime.

Americans must not panic because that would be allowing "Evil" to win!
We are mourning the hundreds of lives lost in this devastation. We are
Angry. We are Resolute and we want JUSTICE! Our home has been attacked!

Our American leaders show great strength under pressure proving that the
world's leader - the UNITED STATES OF AMERICA is still the world's
leader in democracy and is still on duty! This horrific act of
aggression did not and will not stop democracy!

God Bless our leaders - give them the strength of mind, wisdom, and
character to get through this time of crisis and beyond.

We the people of America whether we are from small towns, metropolitan
cities, the country, or living abroad are bonded together - UNIFIED -
standing shoulder-to-shoulder together as ONE! We will survive, we will
PREVAIL!

My mother, Claude, has told me many times about the day she and Dad
found the first Warren - Houston building. They were looking through the
window of a building just a few blocks from where our headquarters is
today, a car came to a screeching halt, a man jumped out of the car and
screamed, "they've just bombed Pearl Harbor"! The day was December 7,
1941 - 59 years and 9 months ago...that day has always been referred to
as "the DAY that lives in Infamy".... well, September 11, 2001 is going
to be a day remembered in an even more dramatic way!

As we gather our thoughts, prayers and plans for our future we the
owners of the company want all of you to know how much we love each and
everyone of you and your families. No matter what our futures holds the
people we have worked with side-by-side and have gotten to know are very
special to us. God bless each one of you.

Now as our President, George W. Bush, turns his attention outward to the
resolution of this crime against the civilized world we MUST do our
part! We must not allow chaos or panic to take hold!

It is time to redouble our commitment to the United States of America
and for all She stands. As we return to our jobs we will work harder; we
will donate blood to help New York and Washington D.C.; we will
sacrifice without complaint; we will prove to those that would crush and
bury the USA that this CANNOT be done. Not by King George, nor by
slavery, the Kaiser, Hitler, nor Krushaev and most assuredly not by this
latest cowardly gang of thugs.

The United States of America IS strong and we will make Her even
stronger with every passing day. Be proud to be an American. Be proud to
be free.

GOD BLESS AMERICA - OUR HOME SWEET HOME !!!!!!!!!!!!

From the Thompson-Draper-Schmidt-McAlvany Family Owners of Warren
Electric Group


Start Date: 4/17/01; HourAhead hour: 11;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041711.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 11 / 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

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 11 / Preferred:  50.79 / Final:  50.76)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/17/01
  SC_ID: EPMI


Start Date: 4/16/01; HourAhead hour: 23;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041623.txt


Guess what I found out this morning.   It looks like I'll be rotating out of
this job just in time.  Jeff said Louise Kitchen is just like Shankman.
Yikes...  We've (Jeff and I) not to tell Binh anything about her.  Lavo
stresses her out, so I don't think she'd take the job if she knows it's only
going to get worse!!


---------------------- Forwarded by Don Miller/HOU/ECT on 09/15/2000 05:24 PM
---------------------------

"Modi, Rishi" <rishi.modi@csfb.com> on 09/14/2000 01:14:18 PM
To: "'don.miller@enron.com'" <don.miller@enron.com>
cc:
Subject: Mgm't Presentation

Don-

Jim asked me to send this to you.  Thanks, Rishi

 <<003730901.doc>>

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.

 - 003730901.doc


Brazos is not requesting any gas volumes through September 25, 2001. We are forecasting to start the plant around September 26, 2001.

MM


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/15/2000
04:54 PM ---------------------------

Jim Garven <James_Garven@baylor.edu> on 12/14/2000 03:33:52 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Greetings from Baylor University

Dear Vince,

Thanks for writing back.?? I am glad to hear that Shane Green is working
there and doing so well.? Please give him my regards.?

Let's plan on having you speak for our Gamma Iota Sigma dinner on the evening
of 2/23.? It is my understanding that you are going to be in town anyway for
John Martin's "new economy" seminar.? Will you be needing a hotel
accommodation for that evening?? If so, please let me know and I will have my
secretary arrange accommodations for you.

Concerning class presentations, I am curious when whether we can try to
arrange a date.? I am teaching two undergraduate sections of a business risk
management course from 11-12:20 and 12:30-1:50 on Tuesdays and Thursdays this
spring.?? I also am teaching a graduate version of the same course from
3:30-4:50 on Tuesdays and Thursdays, but when you come I will probably have
you speak to the undergraduate classes and have my graduate students attend
either of those sessions.? The spring semester starts January 9 and ends May
1, and the following dates are already taken for other speakers, exams, or
spring break:

Thursday, February 15 - Midterm exam 1
Tuesday, March 6 and Thursday, March 8 - no class (spring break)
Thursday, March 15 - presentation on risk adjusted discount rate
methodologies by Dr. Richard Derrig, Automobile Insurers Bureau of
Massachusetts
Tuesday, April 3 - Midterm exam 2

Please let me know at your earliest convenience when you would like to
schedule a presentation.? Considering the fact that the presentation would be
scheduled for around the middle of the day, it would probably be technically
possible for you to make your visit into a day trip (back and forth from
Houston) in case if you are pressed for time.? Continental flies here from
Houston, but unfortunately the morning flight doesn't come in until 10:45
a.m., which would be too late for a presentation to the 11 a.m. class.

Thanks again,

Jim

At 01:57 PM 12/12/2000 -0600, Vince.J.Kaminski@enron.com wrote:

Jim,

Sorry for the delay in responding to your message. I was traveling
extensively
and was overwhelmed with many different projects.

I shall be glad to speak at the Gamma Iota Sigma dinner. Unfortunately,
cannot make
a presentation to your class (it would require leaving the office for two
days in a row).

I can, however, promise to come on another day and speak to your students.

I hope everything is going well for you. By the way, your former student,
Shane Green, has joined us
for 12 month and is doing exceptionally well.

Vince

Jim Garven <James_Garven@baylor.edu> on 11/28/2000 05:10:55  PM

To:?? "Vince J Kaminski" <Vince_J_Kaminski@enron.com>
cc:
Subject:? Greetings from Baylor University

Dear Vince,

Since we last corresponded, I have left LSU and am now Professor of Finance
& Insurance at Baylor University in Waco, TX.? My colleague at Baylor, John
Martin, mentioned that you will be coming to campus for a conference on
Friday, February 23 that he is organizing.?? I am curious whether your
schedule might permit staying over that evening so that we can feature you
as our dinner speaker for the chartering ceremony of Gamma Iota Sigma,
national risk management fraternity.? For that matter, would you also
possibly be available to make any presentations to undergraduate  and
graduate students on the previous day (Thursday, February 22)?? What I have
in mind is a presentation similar to the presentations you made last spring
to my LSU classes.

Thank you for your consideration of this request.? I am looking forward to
seeing you once again.

Sincerely,

Jim Garven

_________________________________________
James R. Garven, Ph.D.
Professor of Finance & Insurance
Department of Finance, Insurance and Real Estate
Hankamer School of Business
HSB 336
Baylor University
Box 98004
Waco, TX? 76798

Voice: (254) 710-6207
Fax: (603) 994-6680

E-mail:? James_Garven@baylor.edu
Home Page: http://garven.baylor.edu
Vita: http://garven.baylor.edu/dossier.html
Research Paper Archive: http://garven.baylor.edu/research.html
_________________________________________


I will be out of the office starting  05/11/2001 and will not return until
05/22/2001.

I will respond to your message when I return.  If you need help immediately,
please contact Debra Garcia, the temp sitting in for my assistant, Holly
Keiser, at (713)345-7893.  Taffy Milligan is also acting as backup assistant
at (713)345-7373.


The attached files (provided by Don Bender) contains key points from
three options for the conversion to 1.4 that was discussed at the
October 25th RMS meeting.  Please review these options with your
company.  We have an RMS workshop scheduled on October 31st and November
1st to come to consensus on the final conversion plan.  I will be
forwarding under separate email, the information that I have received
from Trish and Connie on the questions they have and information that
they would like to see.
 <<Version 1.4 Conversion Options.doc>>

Nancy A. Hetrick
Enron Corp.
Director, Government Affairs
Phone:  712-366-3399
Pager:   888-912-1426

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

 - Version 1.4 Conversion Options.doc


anytime in the morning.
PL


FYI - yes, my response was lengthy!
---------------------- Forwarded by Sally Beck/HOU/ECT on 09/26/2000 06:32 PM
---------------------------

	Enron North America Corp.

	From:  Sally Beck                           09/26/2000 05:57 PM

To: Mike Jordan/LON/ECT@ECT
cc: Fernley Dyson/LON/ECT@ECT
Subject: Re: a note being sent out under John Sherriff's name - your thoughts
on the cover note ?

I think that it is a great idea to get some press regarding our fundamental
operating standards, but I wonder about the most appropriate timing, enough
of a global message and the means of delivery.  On the means of delivery, I
am not sure from your note whether or not I fully understand the intent.  Is
there an article to be included in an Enron publication and in addition a
letter to be sent under John's name (if so, to whom will the letter be
sent)?  Or is the letter from John an introduction to be included as a lead
in to the article?

With regard to a global message, I think that one of the key points around
fundamental operating standards are that they are intended to be global in
nature, applied to every commodity and every location where we engage in
trading activities.  With these operating standards implemented worldwide, we
will know as operations professionals that risk is being mitigated and we
will be able to ensure Enron top management that there is consistency in
operating standards worldwide.  These global standards also should enable
Enron to expand its business reach more quickly, with well defined
requirements with regard to trading operations.  I am not sure from the
article as written that the global nature of this effort comes across.

Finally, a question regarding timing.  The last I knew after you and Brent
drafted this starting point for fundamental operating standards was that this
was being circulated (Shona took this to do after Brent's return to Houston)
for comments to all business controllers.  I don't believe that we are quite
at the point that we can say that all business controllers worldwide have
reviewed, understand and have implemented these standards.  And not to
belittle the process of creating the standards, the tough part (and the real
meat behind this) will be an effective exception report on a global basis
against these standards.  My commitment to Rick Causey is that I will have
that global report in production by the end of the year.  There is much work
to do in defining the content and regularity of the report and even more work
to do to identify reliable sources of data for compiling the report.  Shona
has commissioned Mike Moscoso to work on this, and I believe that Mike has
already been working with James New.  So I question whether or not you want
to publish info about fundamental standards that we can not yet report
against.  Would a more appropriate time be after the Global Operations
Controller meeting in October when we should have worldwide buy-in and
commitment to these standards and (hopefully) our first draft of a meaningful
exception report?

Sorry that this response looks so long.  I have been interrupted 20 times
while responding, so I hope that it makes sense.  Thanks for sharing this
with me.  Since you asked for input, I hope that you don't mind that I gave
you some.  --Sally

Mike Jordan
09/26/2000 08:14 AM
To: Fernley Dyson/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT
cc:
Subject: a note being sent out under John Sherriff's name - your thoughts on
the cover note ?

Fernley  / Sally

Off and on ( with Jackie Gentle's help ) I have pulled together a one page
communication note on our fundamental operating standards ( itself a one page
summary ).

We are in the final stages of this process  - where we draft a cover letter
for John which will introduce this for inclusion within Globalflash ( the
Enron Europe newsletter )

Have you any thoughts on draft or cover note ?

Mike


We'll be taking the server down today at 7:00 P.M. central time for maintenance.

Please call 281-850-6176 if this is going to be a problem.  It will be down until midnight (at the latest) potentially.

Thanks


Theresa Villeggiante
Administrative Assistant
UBS Warburg Energy
503.464.3748 Work
503.464.7996 Fax


Update from CERA on pricing and rest of the season.

---------------------- Forwarded by Lorna Brennan/ET&S/Enron on 12/11/2000
12:30 PM ---------------------------

webmaster@cera.com on 12/08/2000 09:05:36 PM
To: Lorna.Brennan@enron.com
cc:

Subject: The Storm Arrives - CERA Alert

**********************************************************************
CERA Alert: Sent Fri, December 08, 2000
**********************************************************************

Title: The Storm Arrives
Author: N. American Gas Team
E-Mail Category: Alert
Product Line: North American Gas ,

URL: http://www.cera.com/client/nag/alt/120800_16/nag_alt_120800_16_ab.html
*********************************************************

Cold Weather Path
Colder-than-normal weather through November and
forecasted cold for the first half of December
throughout the Midwest and Northeast have driven gas
prices well into record territory, with the January
Henry Hub price trading near $9.00 per MMBtu and closing
above $8.00 on the New York Mercantile Exchange December
6. This six-week cold period and the quick depletion of
already low storage inventories has established prices
at or above CERA's cold weather path for the remainder
of the winter and in all likelihood beyond. If December
storage withdrawals are as high as CERA now expects, the
gas market will remain on the cold weather path through
2001 as well, even if weather returns to normal during
the second half of December. The enormous increase in
storage injections that is likely to be required next
summer would keep the pressure on gas markets throughout
the year.

So long as weather remains cold (or even normal) this
winter, a new market dynamic is in effect in which gas
prices interact more with distillate fuel oil prices
rather than with those of residual fuel oil. In
addition, gas is likely to have an increasingly direct
influence on power prices in the growing number of
regions in which gas-fired generation is now on the
margin in winter. This winter, the gas market is likely
to rediscover for the first time in decades which end
users value natural gas most highly, and which
ultimately do not.

The gas market is also rediscovering the value of firm
pipeline capacity, particularly into market areas. Both
the West Coast and the Northeast have experienced even
more extreme price spikes, with daily prices in both
regions peaking above $20.00 per MMBtu. Indeed, the
shortage of gas in California is so acute that prices
above $40.00 per MMBtu have been reported. If sustained,
these price levels will induce a political reaction that
will reverberate throughout the industry.

Storage Update-Even High Seems Low
Panic in the market yesterday was eased somewhat as
storage withdrawals for the week ending December 1, at
73 billion cubic feet (Bcf), proved to be less than
expected. This withdrawal was half the previous week's
rate, and in CERA's view actual withdrawals for both
weeks probably lie between these two readings. (In some
cases successive weeks smooth out volatile readings in
the AGA survey.) But even the 73 Bcf figure, though a
significant retreat from the previous week's rate, is
high by historical standards. One would have to go back
to 1994 to find a higher reading for a comparable week
in the AGA survey.

Inventories as of the beginning of December, at an
estimated 2,466 Bcf (see Table 1), were 525 Bcf below
the year-earlier level, and this deficit is likely to
increase substantially during December. If weather
forecasts indicating colder-than-normal weather through
mid-December in key heating markets hold true, storage
withdrawals for the month will average approximately
20.0 Bcf per day. This rate is an increase from CERA's
normal weather estimate of 17.0 Bcf per day, and even
this rate depends on weather returning to normal in mid-
December. This level of withdrawals would leave only
1,846 Bcf in storage on January 1, an inventory 663 Bcf
below the year-earlier level. Assuming normal weather,
such an inventory would place storage on track to reach
a March minimum of 488 Bcf, 270 Bcf below the 1996
record low. At a US inventory level this low, many
storage operators would be dipping into base-load gas in
order to support service even to firm gas customers.

* Physical deliverability from storage fields will be
significantly lower this year in midwinter, forcing a
greater reliance on pipeline gas and peaking facilities
during January and February. The actual reduction in
field deliverability is impossible to quantify, but
storage inventories cannot be withdrawn at steady rates
throughout the winter; withdrawal rates decline with
inventory as field pressure is reduced.

*  Pressure in the market will be reinforced and
extended through 2001 and probably into 2002. During the
past two summers, high prices have been required to
discourage demand and allow overall US storage
injections to reach barely 1.6 trillion cubic feet
(Tcf). If normal weather holds for the remainder of this
winter, 2.2 Tcf of injections-which would be nearly
impossible to achieve-would be required during 2001 if
inventories are to recover to 2.7 Tcf at peak. If
weather this winter is merely normal from mid-December
through March, going into winter next year the United
States will have considerably less gas in storage.
Reaching even the 2,362 Bcf level, according to CERA
estimates (see Table 1), would require an additional 275
Bcf of injections next year, and that alone would prove
challenging.

Price-The Cold Weather Path
The weakness of storage inventories and the demand
pressure in both core and power generation markets
created by the cold weather have caused prices to move
onto and even above CERA's cold weather path for this
winter (see Table 2). Storage inventories would become
perilously low if the current forecast for cold weather
through mid-December proves accurate, and the injections
required next summer would keep pressure in the market
intense. For these reasons CERA's outlook for prices for
January and throughout 2001 now reflects the cold
weather path.  Prices could take an even higher path,
particularly if colder-than-normal weather endures
beyond mid-December or returns on a sustained basis in
January or February.

Several forces that could weaken prices during 2001 will
begin to enter the market during the winter, but these
are offset by demand volatility in the winter and the
requirement to rebuild storage inventories once the
winter is over. Such factors include a building US
supply capability, growing imports, softening oil prices
(allowing a lower floor for prices once the winter
ends), and potentially weakening economic growth.

Although the influence of these factors will increase,
it is unlikely to match the huge injection requirement
that appears more and more certain next summer.

Demand-The Difficult Next Round of Switching
With gas prices hitting new record highs, CERA expects
some additional demand to be priced out of the market.
Because gas has priced above residual fuel oil for most
weeks since May, however, the easiest fuel switching in
the power generation and industrial sectors has already
occurred. Even though gas prices are currently above the
level of distillate (approximately $7.23 per MMBtu in
New York), switching from gas to distillate requires
changes in long-standing consumer habit, will occur only
over time, and is likely limited in volume. Significant
switching to distillate would quickly raise the price of
distillate itself.

There are four major sources of additional demand
response in industrial markets:

* Additional switching to resid in industrial boilers.
The next increment of demand to come out of the market
is likely to be in the industrial sector, through
additional fuel switching to resid (and to some extent
to distillate). These markets will continue to show some
flexibility but will not represent a large volume. CERA
estimates that the industrial boiler market has probably
already begun to lose small amounts (less than 0.5 Bcf
per day) in switching to resid, given the consistency of
gas price premiums greater than $0.50 per MMBtu.

* Investment in restoring switching capability. As
premiums move far beyond this level, industrial end
users can be expected to take a closer look at
reinvigorating their switching capability beyond their
initial short-term levels. However, such a change would
require investment by industrial end users and the
availability of resid in oil markets. CERA estimates
that with focused investment over the course of a number
of months to perhaps a year, switching to resid could
eventually reach as high as 1.3 Bcf per day. There is
already some movement here; given the impact of high gas
prices on earnings, energy prices have already begun to
receive management attention.

* Switching to distillate. US Department of Energy data
suggest that industrial end users have a theoretical
capability of switching nearly 1.3 Bcf per day to
distillate in the short term. This switch would
represent additional distillate demand of over 200,000
barrels per day (bd) in a US market of 3.8 million
barrels. This marginal demand would move the distillate
price in tandem with gas price, and any additional
switching among power generators to distillate would
reinforce this price correlation. In addition, the
availability of distillate inventories on site should
restrict the quick switching to short periods of time
and will not offer a long-term solution to tight
markets.

* Shutting down industrial plants. Also offering some
flexibility is the shutdown of manufacturing plants that
use gas as a feedstock. The major feedstock consumers
are the ammonia and methanol industries, and, not
surprisingly given the tight margins available,
manufacturers of ammonia and of methanol continue to
show suppressed gas demand. However, in the short term
only a portion of ammonia production is at risk. Whereas
the production needs of merchant facilities along the
Gulf Coast is relatively readily replaced by imports,
substitution becomes more difficult away from the coast
(because of transportation logistics) and for facilities
whose production is linked to value-added fertilizer
products. Hence, CERA still estimates that even with
nonexistent margins, substantial ammonia production
would continue, with additional losses of perhaps 200
million cubic feet (MMcf) per day of potential demand in
addition to the facilities that have already closed.
Extraordinarily high gas prices will also hasten the
shuttering of North American methanol capacity, putting
at risk another 100 to 200 MMcf per day of gas demand
for that sector.

Switching that could occur in boiler use is concentrated
in the chemicals, paper, and refining sectors in the
South and the food products sector in the Midwest.
Continuing feedstock losses would be concentrated in the
South Central region. For process users, even
extraordinarily high gas prices are expected to have
little impact on the use of gas in the short term.
Energy costs are not the dominant component of
production costs for these users, and a physical
changeover would be time-intensive and elemental in its
impact on end-use product quality.

The Northeast-Cold Weather Operations Begin
All of the Northeast pipelines have issued notices to
customers that they either have imposed, or are highly
likely to need to impose, transportation restrictions of
various types. The most common restriction is to
nonprimary firm services (secondary and interruptible
type services), which will be scheduled for the next
several days on many pipelines. Other pipelines have
issued balancing requirements whereby receipts and
deliveries must match. Even hourly flow orders have also
been implemented.

These actions are normal for winter operations when a
cold period is expected. Whereas the firm market for
natural gas is rarely affected by these restrictions,
the spot market becomes much more volatile as
interruptible supplies dry up. The spot market,
primarily made up of nonfirm customers, has had a
dramatic reaction to the diminished availability of
delivered spot gas into the market area, as has been
reflected by the volatility of the cash market this
week. The result of these restrictions of nonprimary
firm services has been an expansion of basis to Henry
Hub. At one point, gas for next-day delivery to New York
traded near $24.00 per MMBtu delivered, although the
average price was closer to $14.20. These high spikes
are the result of very thinly traded volumes of gas.

Although these restrictions will likely ease as
temperatures return closer to normal, CERA now expects
basis into the New York citygate to average $1.31 per
MMBtu for December and $1.36 per MMBtu for January.

**end**

Follow URL for PDF version of this Alert with associated tables.

*********************************************************
Come Shoot the Rapids with us at CERAWeek2001, "Shooting the Rapids:
Strategies and Risks for the Energy Future" in Houston, February 12-16,
2001!  For more information and to register, please visit
http://www.cera.com/ceraweek/
*********************************************************

**********************************************************************
This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.

Terms of Use: http://www.cera.com/tos.html
Questions/Comments: webmaster@cera.com
Copyright 2000. Cambridge Energy Research Associates


Mary:
Enclosed is a draft of the CA agreement.  I spoke with DSavid this morning
about the point that you had raised as item #3 in your last e-mail and given
what Enron has done and might in the future do in this area, from a legal
standpoint, I cannot get comfortable placing any further limitations on Enron
in this agreement other than the disclosure and use limitations that are
currently in the CA which we feel should protect RMS.  Ones interpretation of
what is meant by "creating derivative works of" the data is to ambiguous for
me to feel comfortable putting ahytning further in this CA.  I look forward
to hearing from you.
Carol


piano tuning?  nothing bad about last night--very tame.

Alexandra Saler@EES
11/09/2000 12:01 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

ok...so I do want the low-down on last night b/c I am sure there is a lot
that is inappropriate for email!  I will be out of the office all afternoon
so if you want to talk I'll be on my cell phone 256-5582.
Big....small....it is still the Enron Executive Committee and you should feel
extremely proud.  I am so happy for you!
I hope that you have a great lunch and that your speech went will this
morning.

ali

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

Great!  Sorry YOU weren't there...
I'm on my way out  for a lunch.  I'll call you later.   (I'm excited about
the exec committee, but it is a little big, so I told Skilling we should
rename it the exec villiage!)

Alexandra Saler@EES
11/09/2000 11:06 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject:

how was the dinner?  I heard that there are PLENTY of girls there!


Steven Kolb
714 E Townsend St
Milwaukee, WI 53212
steve@brokebox.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Steven Kolb


We have received an executed Assignment and Assumption Agreement by and among
Gas Natural Mexico, S.A. de C.V. ("Gas Natural Mexico"), Gas Natural
Servicios, S.A. de C.V. ("Gas Natural Servicios") and Enron North America
Corp. ("ENA") effective as of March 1, 2001, whereby Gas Natural Mexico
assigned to Gas Natural Servicios its financial transactions with ENA.

Copies will be distributed.

Stephanie Panus


Attached please find the letter announcing the "name changes". We have not
included the bit about ECT Canada's certificate since we don't have the
capability to send it out tomorrow with the fax and furthermore, it is
obvious that the counterparty can ask for it if they want it.

Let's try and get this faxed out as soon as possible tomorrow. Could you
please walk a copy to me once it is printed up on Enron letterhead so I can
give it to the Confirmation Desks with whom I work which are not automated.

Any questions, please call me (x39477) or Sara Shackleton (x35620), another
ECT Legal Atty.

Many thanks,

Shari Stack


Shari:

It looks like Bob worked on the company above.  It it affiliated with
Consolidated Energy Company of New York, Inc. and Con Edison Energy
Solutions, Inc?

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


I regret to report that I just ended a very unproductive phone conversation
with Mr. Hertzberg.  He thanked us for all our cooperation but politely
declined to give me any information on what authority he was relying on to
conclude that there is a jurisdictional problem.  However, it sounded to me
like whatever authority he does have is shaky at best.  He also sounded
interested in the possibility of our making some sort of anonymous inquiry at
FERC (if such a thing is possible) on the issue.  Obviously they are very
leery of making that phone call themselves and risking revealing their
identity.  He said he would discuss it with Ed Meaders.  Also, he mentioned
that after tomorrow he will be on vacation for a month, and another attorney
will be taking over in his absence.  That could be good, or it could be bad.
Maybe Lorraine can sweet talk Meaders into at least citing us some cases from
Hertzberg's memo.  At the very least, I hope he will show it to the Kinder
Morgan lawyers.