---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/05/2000
06:18 PM ---------------------------

"SmartPortfolio.Com" <admin_update@smartportfolio.com> on 01/05/2000 04:54:59
PM
Please respond to "SmartPortfolio.Com" <admin_update@smartportfolio.com>
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: SmartPortfolio.Com Update:  Dow Rallies in Volatile Trading

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Update January 5, 2000

Wednesday's Market Update:  Dow Rallies in Volatile Trading

 1. Wednesday's Market Action
 2. Internet and Tech Stocks
 3. Notable Earnings Announcements
 4. Notable Upgrades and Downgrades
 5. Stock Splits
 6. IPO Commentary
 7. IPO Calendar

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1.  Wednesday's Market Action

                             $ Change   % Change      Close
Dow Industrials               +124.72     +1.13%   11122.65
S&P 500                         +2.69     +0.19%    1402.11
Nasdaq                         -24.15     -0.62%    3877.54
Internet Stock Index           -25.25     -2.95%     831.89

The Dow rebounded from yesterday's steep losses while the Nasdaq came
back late in the day after plummeting earlier on, as markets were
subject to volatile trading.

The Dow's resurgence was sparked by blue chip gains, as IBM (NYSE:IBM)
rose 3 15/16 (+3.51%) to 116, Exxon-Mobil (NYSE:XOM) moved up 4 3/16
(+5.45%) to 81, Coca-Cola (NYSE:KO) went higher by
 (+0.89%) to 56
15/16, and Merck (NYSE:MRK) rose 2 7/16 (+3.74%) to 67 11/16.

Financial stocks, still bracing for a possible raise in interest rates
by the Fed when it meets in early February, came in with mixed results,
with Citigroup (NYSE:C) gaining 7/8 (+1.76%) to 50 5/8, JP Morgan
(NYSE:JPM) rising 2 1/8 (+1.84%) to 117 1/2, while American Express
fell 3 5/8 (-2.40%) to 147 7/16, Chase Manhattan Bank (NYSE:CMB)
dropped 7/16 (-0.62%) 70 7/16, and Goldman Sachs (NYSE:GS) edged lower
3 7/8 (-4.68%) to 78 7/8.

Walt Disney's (NYSE:DIS) continued difficulties resulted in no 1999
bonus for company Chairman Michael Eisner.  The owner and operator of
the ABC and ESPN television networks and various theme parks struggled
in 1999 with slumping sales for consumer products and lower product
licensing revenues.  Shares of the world's second-largest entertainment
company and Dow component rose 1 5/16 (+4.15%) to 32 15/16.

In a sign of a continued strong economy as we move into the New Year,
the Commerce Department reported that orders for U.S. manufacturing
goods rose 1.2% in November, which came in above the 0.9% forecast by
economists and represented the first rise since the 1.3% gain in
August.  The manufacturing sector has been emerging steadily from its
slump during 1997 and 1998, which was caused by weakness in Asia and
other foreign economies.

2. Internet and Tech Stocks

For a FREE trial to SmartPortfolio.Com's in-depth analysis of selected
Internet stocks, please visit:  http://www.smartportfolio.com/freetrial
AOL users click
here

Shares of leading Internet retailer Amazon.com (Nasdaq:AMZN) slipped
14.87% (down 12 3/16) to 69 3/4 and led Internet stocks lower on the
day.  Amazon.com (Nasdaq:AMZN) reported that its fourth-quarter sales
jumped over 150% from the year-earlier period, but shares of the
Internet retailer dropped as the company warned that its losses for the
quarter would not be reduced despite the sales boost.  While Amazon's
fourth-quarter sales of over $650 million exceeded the $610 million in
sales that the company posted for all of 1998, investors were
disappointed to learn that the Amazon's losses would not decline as a
result.

Ebay (Nasdaq:EBAY) rallied to close up 8 9/16 (+6.69%) to 136 9/16,
while investor disappointment spilled over to other Internet stocks, as
barnesandnoble.com (Nasdaq:BNBN) dropped 5/16 (-2.16%) to 14 3/16, and
CMGI (Nasdaq:CMGI) fell 10 3/4 (-3.66%) to 14 3/16.

In other Internet news, Yahoo! (Nasdaq:YHOO) announced an extension of
its agreement with RealNetworks (Nasdaq:RNWK) under which Yahoo! can
utilize the latest version of RealNetworks' streaming software, which
enables the creation and delivery of audio, video and other media
content over the Internet.  Shares of Yahoo! fell 32 1/2 (-7.34%) to
410 1/2, while shares of RealNetworks gained 11/16 (+0.59%) to 118 1/8.

America Online (NYSE:AOL) shares fell 2 (-2.60%) to 75 despite
announcements by the Internet giant that it reached agreements with
Hewlett-Packard (NYSE:HWP) and Compaq (NYSE:CPQ) to allow AOL members
to access, send and receive their e-mail via HP and Compaq palm size
PCs, including the HP Jornada and Compaq Aero.  Hewlett-Packard shares
edged lower 11/16 (-0.63%) to 107 7/8 and Compaq shares slipped 3/8 (-
1.29%) to 28 5/8.

In other computer-related news, Compaq said it will launch a new line
of personal computers, called Presario EZ2000, that are slick looking
and have easy-to-use features, including 1-touch Internet access.  The
move comes roughly one month after its lead competitor, Dell Computer
(Nasdaq:DELL), introduced a similar line of stylish and user-friendly
computers.  Computer manufacturers are trying to catch up to Apple
Computer (Nasdaq:AAPL), which has led the way with its introduction of
cutting-edge computers.  Separately, Apple shares closed up 1 1/2
(+1.46%) to 104 on news that company founder and interim CEO Steve Jobs
will now become the permanent CEO and on news that Apple will invest
$200 million in EarthLink Network (Nasdaq:ELNK), which will become the
Internet service provider (ISP) for Apple's Macintosh computers.

After the markets closed today, Gateway (NYSE:GTW) issued a profit
warning saying it expects to report earnings 7 cents below estimates
due to lower revenues resulting from weaker processor supply issues and
a sales slowdown due to Year 2000 concerns.  Beyond.com (Nasdaq:BYND)
also announced after the markets closed that fourth quarter revenues
will come in below expectations and that the company will post a loss
between 65 cents and 68 cents per share.  Shares of Gateway closed down
5 15/16 (-9.42%) to 57 1/16, while shares of Beyond.com edged lower
11/32 (-4.37%) to 7 17/32.

MicroStrategy (Nasdaq:MSTR) moved higher by 12
 (+6.38%) to 208 1/2
after generating some positive momentum from its 2-for-1 stock split
announcement on January 4.  The record date for the split is January 20
and the new shares will be issued on January 26, 1999.  The most recent
issue of the Smart!Splits Report forecasted the MicroStrategy split.
To find out how to subscribe to a FREE 2-week trial to the Smart!Splits
Report and learn about other potential stock splits, please visit:
http://www.smartportfolio.com/freetrials
AOL users click
here

Nokia (NYSE:NOK) announced today that it has increased the availability
of Digital Subscriber Line (DSL) products to businesses and consumers
by strengthening the interoperability of such products with leading
Customer Premises Equipment (CPE) vendors, including 3Com
(Nasdaq:COMS), Intel (Nasdaq:INTC) and Lucent (NYSE:LU).  Shares of the
leading supplier of DSL technology closed down 1/4 (-0.14%) to 172 3/4.

Other big movers in the tech sector included Oracle Corp.
(Nasdaq:ORCL), down 5 11/16 (-5.28%) to 102 on continued profit taking;
Foundry Networks (Nasdaq:FDRY), down 10 3/4 (-3.44%) to 301 3/8; Lucent
Technologies (NYSE:LU), down 1 5/8 (-2.19%) to 72 1/2 on strong volume;
Red Hat (Nasdaq:RHAT), up 19.07% (up 41) to 256 on news the Linux
software developer will acquire Hell's Kitchen Systems, an e-commerce
payment processing software maker; and Akami Technologies
(Nasdaq:AKAM), down 16 1/2 (-5.50%) to 283 1/2.

Leading Internet and tech stocks performed as follows:

Company                      $ Change   % Change      Close
Amazon (Nasdaq:AMZN)         -12 3/16    -14.87%     69 3/4
America Online (NYSE:AOL)      -2 1/2     -3.25%     74 1/2
Commerce One (Nasdaq:CMRC)         -4     -1.83%    214 1/2
Cisco (Nasdaq:CSCO)             -5/16     -0.31%  101 11/16
CMGI (Nasdaq:CMGI)            -10 3/4     -3.66%        283
Dell (Nasdaq:DELL)            +3 5/16     +7.10%   49 15/16
Ebay (Nasdaq:EBAY)            +8 9/16     +6.69%   136 9/16
Exodus (Nasdaq:EXDS)         +1 15/16     +2.20%   89 15/16
ExciteAtHome (Nasdaq:ATHM)      -7/16     -1.08%   39 15/16
Intel (Nasdaq:INTC)            +11/16     +0.83%     83 5/8
Juniper (Nasdaq:JNPR)          -2 1/2     -0.76%    326 3/8
Lucent (NYSE:LU)               -1 1/8     -1.52%         73
Microsoft (Nasdaq:MSFT)       +1 3/16     +1.05%  113 13/16
Oracle (Nasdaq:ORCL)         -5 11/16     -5.28%        102
Schwab (NYSE:SCH)                -1/8     -0.34%     36 3/8
Qualcomm (Nasdasq:QCOM)        -5 5/8     -3.47%   156 7/16
Qwest (Nasdaq:QWST)            +15/16     +2.23%         43
Yahoo (Nasdaq:YHOO)           -32 1/2     -7.34%    410 1/2

3. Notable Earnings Announcements

For a calendar of recent and upcoming earnings announcements, visit:
http://www.smartportfolio.com/earnings.asp
AOL users click
here

Best Buy (NYSE:BBY) shares fell 1 3/8 (-2.40%) to 56 after the largest
U.S. consumer electronics retailer said it expects to report better
than anticipated fiscal fourth quarter earnings after the company had
strong comparable-store sales in December.  Best Buy recently announced
a cross-marketing Internet alliance with software giant Microsoft Corp.
(Nasdaq:MSFT).

Shares of BMC Software (Nasdaq:BMCS) dropped 35.63% (down 27 7/16) to
11 3/4 following the company's warning that its fiscal third-quarter
results will come in at 40 to 44 cents per share, significantly below
consensus estimates of 53 cents per share.  The maker of software that
speeds corporate databases said that the weaker-than-expected earnings
are a result of poor North American sales.  Several brokerage firms
also downgraded the company's stock.

Nu Horizons Electronics Corp. (Nasdaq:NUHC) announced quarterly
earnings of 38 cents per share, representing an increase of 162% from
the 15 cents per share reported in the same period last year.  Shares
of the leading distributor of active and passive electronics components
fell 3/4 (-6.00%) to 11 3/4.

4. Notable Upgrades and Downgrades

For full coverage of today's upgrades, downgrades and coverage
initiations, please click on the appropriate links below:

-- Upgrades - http://www.smartportfolio.com/upgrades.asp
AOL users click
here

Axent Technology (Nasdaq:AXNT) was upgraded by Merrill Lynch to long-
term buy from long-term accumulate.  Shares of the leading developer of
information security solutions for computer networks gained 1 5/8
(+8.33%) to 21 1/8.

Budget Group (NYSE:BD) was upgraded by Bear Stearns to market
outperform from market perform.  Shares of the vehicle rental giant
gained 1/2 (+5.59%) to 9 7/16.

Dell Computer (Nasdaq:DELL) was upgraded by Paine Webber to attractive
from neutral.  Shares of the computer company rose 3 5/16 (+7.10%) to
49 15/16.

Lehman Brothers upgraded several international telecommunications
companies, including Deutsche Telekom (NYSE:DT) to outperform from
neutral, and Telecom Italia (NYSE:TI) to buy from outperform.  Shares
of Deutsche Telekom edged up 3/4 (+1.12%) to 67 3/4, while shares of
Telecom Italia gained 1 (+0.76%) to 132 1/2.

IBM (NYSE:IBM) was upgraded by Banc of America Securities to strong buy
from buy.  Shares of IBM rose 3 15/16 (+3.51%) to 116.

Microsoft (Nasdaq:MSFT) was upgraded by Prudential Securities to strong
buy from accumulate.  Shares of the computer software giant gained 1
3/16 (+1.05%) to 113 13/16.

Next Level Communications (Nasdaq:NXTV) was upgraded by Lehman Brothers
to buy from neutral.  Shares of the designer of high-speed, high-volume
communications equipment edged up 1 5/8 (+2.43%) to 68 5/8.

Stamps.com (Nasdaq:STMP) was upgraded by Goldman Sachs to trading buy
from market outperform.  Shares of the electronic stamp creator rose 4
3/16 (+10.15%) to 45 7/16.

-- Downgrades - http://www.smartportfolio.com/downgrades.asp
AOL users
click here

Amazon.com (Nasdaq:AMZN) was downgraded by Robertson Stephens to buy
from strong buy.  Shares of leading "e-tailer" (Internet retailer) fell
12 3/16 (-14.87%) to 69 3/4.

Merrill Lynch downgraded BMC Software (Nasdaq:BMCS) to long-term
accumulate from long-term buy.  See related story above.

Goldman Sachs downgraded several bank holding companies, including Bank
One (NYSE:ONE) to trading buy from its recommended list, and U.S.
Bancorp (NYSE:USB) from trading buy from its recommended list.  Shares
of Bank One were off 1/4 (-0.82%) to 30 1/8, while shares of U.S.
Bancorp fell 1/16 (-0.29%) to 21 7/16.

Morgan Stanley Dean Witter downgraded several telecommunications
companies, including Cablevision (NYSE:CVC) to neutral from outperform,
and Cox Communications (NYSE:COX) to neutral from strong buy.  Shares
of Cablevision dropped 3 1/6 (-4.05%) to 72 1/2, while shares of Cox
fell 4 3/8 (-8.95%) to 44 1/2.

JP Morgan downgraded leading brokerage firms, including Goldman Sachs
(NYSE:GS) to market perform from long-term buy and Morgan Stanley Dean
Witter (NYSE:MWD) to long-term buy from buy.  Shares of Goldman Sachs
dropped 3 7/8 (-4.68%) to 78 7/8, while shares of Morgan Stanley fell 5
(-4.00%) to 120.

Merrill Lynch downgraded several food products companies, including
H.J. Heinz (NYSE:HNZ) to long-term accumulate from long-term buy, and
Kellogg (NYSE:K) to long-term accumulate from long-term buy.  Shares of
Heinz edged lower 1/8 (-0.33%) to 37 13/16, while shares of Kellogg
were down 1/4 (-0.87%) to 28 9/16.

Smithfield Foods (NYSE:SFD) was downgraded by several brokerage firms,
including Merrill Lynch to long-term accumulate from long-term buy, and
Deutsche Banc Alex. Brown to market perform from buy.  Shares of the
largest combined pork slaughterer and pork processor in the U.S. rose
7/16 (+2.09%) to 21 3/8.

-- Coverage Initiation http://www.smartportfolio.com/initiated.asp  AOL users
click here

AT&T (NYSE:T) was initiated by Credit Suisse First Boston with a strong
buy rating.  Shares of the number one U.S. long-distance carrier fell
5/8 (-1.22%) to 50 3/4.

Credit Suisse First Boston (CSFB) initiated coverage of several
telecommunications companies, including Global Crossing (Nasdaq:GBLX),
Alltel Corp. (NYSE:AT), BellSouth (NYSE:BLS), RSL Communications
(Nasdaq:RSLC), Dow component SBC Communications (NYSE:SBC) and
Broadwing (NYSE:BRW) with buy ratings and Bell Atlantic (NYSE:BEL), MCI
WorldCom (Nasdaq:WCOM) and US West (NYSE:USW) with strong buy ratings.
Global Crossing edged up 1 1/4 (+2.67%) to 48, Alltel fell 1 5/16 (-
1.67%) to 77 1/8, BellSouth dropped 5/16 (-0.70%) to 44 1/4, MCI
WorldCom gained 1 3/4 (+3.54%) to 51 1/4, RSL rose 1 3/4 (+9.46%) to 20
1/4, SBC edged up 5/8 (+1.41%) to 44 7/8, US West rose 1/4 (+0.38%) to
66 13/16, and Broadwing fell 1/16 (-0.18%) to 33 15/16.

CSFB also started BroadVision (Nasdaq:BVSN) with a buy rating.  Shares
of BroadVision dropped 10 7/16 (-6.13%) to 159 7/8.

FreeMarkets (Nasdaq:FMKT) was initiated by Morgan Stanley Dean Witter
with an outperform rating.  Shares of the creator of business-to-
business online auctions fell 33 9/16 (-12.05%) to 244 15/16.

Bear Stearns initiated coverage of Gentex Corp. (Nasdaq:GNTX) with a
buy rating.  Shares of the developer of electro-optic technology
dropped 5/32 (-0.60%) to 25 11/16.

Donaldson, Lufkin & Jenrette initiated coverage of Phone.com
(Nasdaq:PHCM) with a buy rating.  Shares of the leading provider of
software that enables the delivery of Internet-based services to mass-
market wireless telephones gained 8 5/8 (+6.85%) to 134 1/2.

MotherNature.com (Nasdaq:MTHR) was initiated by Bear Stearns with a buy
rating.  Shares of the online retail store for natural and healthy
living products fell 5/16 (-3.36%) to 9.

The Knot (Nasdaq:KNOT) was initiated by several brokerage firms,
including CSFB with a strong buy rating and Salomon Smith Barney with a
buy rating.  Shares of the online wedding retailer rose 1 1/16
(+10.12%) to 11 9/16.

Tularik (Nasdaq:TLRK) was initiated by both JP Morgan and Lehman
Brothers with buy ratings.  Shares of the gene manipulation company
jumped 25.42% (up 7 5/8) to 37 5/8.

5. Stock Splits

To obtain the latest information on stock splits, please visit:
http://www.smartportfolio.com/splits
AOL users click
here

Human Genome Sciences (HGSI) announced a 2-for-1 split today.  Shares
of Human Genome Sciences closed up 7 3/8 (+5.33%) to 145 5/8.

This chart shows the companies that will split their shares during
the next 5 business days.  The "Pay" column shows the payable date.
The "Ex" column refers to the ex-date, the date on which the stock
begins to trade at its split-adjusted price.  The ratio refers to
the number of split shares stockholders will receive (a 2:1 ratio
means that stockholders will receive one additional share for each
share they already hold).

Company                                         Pay    Ex     Ratio

C-COR Electronics (Nasdaq:CCBL)                1/6    1/7     2:1
ColorMax Tech (Nasdaq:USEE)                    1/7    1/10    2:1
Daktronics, Inc. (Nasdaq:DAKT)                 1/7    1/10    2:1
Foundry Networks (Nasdaq:FDRY)                 1/7    1/10    2:1
InterNAP Network Services (Nasdaq:INAP)        1/7    1/10    2:1
Pegasus Systems (Nasdaq:PEGS)                  1/7    1/10    3:2
Red Hat (Nasdaq:RHAT)                          1/7    1/10    2:1
Satyam Infoway (Nasdaq:SIFY)                   1/7    1/10    4:1
Xcelera.com (AMEX:XLA)                         1/7    1/10    2:1
AVT Corp. (Nasdaq:AVTC)                       1/10    1/11    2:1
DoubleClick (Nasdaq:DCLK)                     1/10    1/11    2:1
MapInfo (Nasdaq:MAPS)                         1/10    1/11    3:2
TranSwitch (Nasdaq:TXCC)                      1/10    1/11    3:2
CMGI (Nasdaq:CMGI)                            1/11    1/12    2:1

6. IPO Commentary

The IPO market is still in hibernation as only a handful of IPOs are
expected to come to market.  However, now that the New Year has begun,
the IPO market will kick into high gear again in coming weeks.

For further information on IPOs expected to outperform in the next
millenium, please go to http://www.smartportfolio.com/freetrial
AOL users click
here.

7.  IPO Calendar

For a calendar of upcoming IPOs and extensive information concerning
the IPO market, please visit: http://www.smartportfolio.com/ipo
AOL users click here.

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possible upcoming stock splits and how you can profit in today's
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Hey Paul,

I left a msg in your voice mail, but the low down is that the ENE/AC Flag
Football tourney is Saturday and we would like you to play.  The tourney
starts at 10 and is 3 hours long.  If we win, we get 16 tickets to the game
(2 for each of us).  Let me know if you are interested.

Thanks,

Eric
x3-0977

From: Paul Burkhart@ENRON COMMUNICATIONS on 11/14/2000 05:51 PM
To: Eric Bass/HOU/ECT@ECT@ENRON
cc:
Subject: Re: Plays and other information

Hope all is well.  Is this in reference to the Enron/Andersen Consulting
football game?  When is it?  Do you need me to play?  Give me a call and we
can discuss (3-9557).

Thanks,

Paul

	Eric Bass@ECT
	11/14/00 12:17 PM

		 To: Luis Mena/NA/Enron@Enron, Michael Simmons/HOU/ECT@ECT, Paul J
Broderick/HOU/ECT@ECT, Paul Burkhart/Enron Communications@Enron
Communications, Stephen Schwarzbach/Corp/Enron@Enron, Christopher
Chenoweth/NA/Enron@Enron
		 cc:
		 Subject: Plays and other information

I know I might seem a little obsessed with this, but here are some of our
plays from our flag football league.  There are plays on both tabs.
I was thinking that we would start with me at left flanker, Paul Broderick at
center, Paul Burkhart at right slot, Steve at right flanker, Sarah at
blocker, and either Mike or Chris at blocker.  Let me know if you have
objections.  Also, I am sending this to Paul Burkhart so I am assuming that
he will play (P. Broderick can you confirm this?).

Steve - if you have some plays from your team that you think might work let
me know.

Let me know what you think.

Hook 'Em!
-Eric


FYI
----- Forwarded by Mark Taylor/HOU/ECT on 03/15/2001 08:51 AM -----

	exchangeinfo@nymex.com
	03/14/2001 11:59 AM

		 To: mark.taylor@enron.com
		 cc:
		 Subject: (01-91) Exchange Selects GlobalView Software Inc. c for enymex
Customer Interface Infrastructure

Notice No. 01-91
March 14, 2001

TO:
All New York Mercantile Exchange Members

FROM:
Neal Wolkoff, Executive Vice President

RE:
Exchange Selects GlobalView Software Inc. c for enymexsm Customer Interface
Infrastructure
_________________________________________________________________________

The New York Mercantile Exchange, Inc., and GlobalView Software Inc., a
provider of software solutions and integrated information for the commodities
markets, announced today that GlobalView Software will develop the
infrastructure for the enymexsm customer interface.

enymexsm is the Exchange,s e-commerce venture that is intended to become the
premier global exchange for trading and clearing a wide range of standardized
physical commodity contracts, with an initial focus in the energy market.

As the key element of their infrastructure solution, GlobalView Software is
providing MarketViewc, their new web-enabled product which provides an
overall framework for market information integration, delivery, and display.
MarketView will host the enymexsm trading and administration functions and
will interface with and complement the Kiodex Trade EngineTM, the trade
matching engine for the system.

The Exchange and GlobalView Software have further agreed to co-market
GlobalView Software,s software tools and data services as enhancements to a
basic set of tools that will be available to enymexsm participants.  These
products will provide extensive analytical functionality as well as access to
a broad array of commodities market information to support enymexsm customers
in their trading decisions.

enymexsm, which will be launched in the second quarter of 2001, will provide
a neutral internet-based trading and clearing platform for energy and metals
products that were previously limited to over-the-counter markets where
participants are exposed to counterparty credit risk.  The Exchange plans to
use its proven clearing infrastructure to introduce complete counterparty
risk management, and create net margining with traditional Exchange futures
markets by calculating a consolidated clearing position.

GlobalView Software Inc., based in Chicago, Illinois, with offices in
Houston, New York, London, and Singapore, is the industry leader in providing
fully integrated real-time and historical commodities market information
using the internet and PC-based systems.    GlobalView Software Inc.,s
products and services focus on helping customers optimize their use of
information by integrating that information into their enterprise-wide
solutions.  In addition to its signature desktop/network product,
GlobalViewc, and its internet-based product, EnergyViewv, GlobalView Software
Inc. offers internet, intranet and portal solutions, data redistribution
services, customized software development, and integration services, as well
as extensive customer support and maintenance programs. For more information,
visit www.gvsi.com.

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

"
http://208.206.41.61/email/email_log.cfm?useremail=mark.taylor@enron.com&refdo
c=(01-91)"

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.


Mary Hain has resigned her position with Enron.  Please remove her from all
your mail lists.

Thank you.

Lysa Akin
Gov't Affairs - Sr. Admin. Ass't.

	Enron Capital & Trade Resources Corp.

	From:  epsa@mindspring.com                           03/21/2001 02:25 PM

Please respond to epsa@mindspring.com
To: mary.hain@enron.com
cc:
Subject: EPSA Memo on the Role of Environmental Regulations in California

Please see the attached memorandum.

 - CA issues draft letter memo 0301.doc


Tara,

We can make the salary retroactive as part of the contract.  Have we already
sent you executables?  If so, we can re-run with a provision that states,
"Effective 3/1/00, Employee's Monthly Base Salary shall be $xxxx."  The
effective date still can be 6/1.

Twanda, would you please make that change and run executables?

Thanks.

Michelle

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

Michelle Cash
Enron North America Corp.
1400 Smith Street, EB 3823
Houston, Texas  77002
(713) 853-6401
michelle.cash@enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.

	Tara Rozen
	06/26/2000 12:33 PM

		 To: Michelle Cash/HOU/ECT@ECT, Twanda Sweet/HOU/ECT@ECT
		 cc: Nigel Sellens/LON/ECT@ECT
		 Subject: Mark Schroeder's agreement

Michelle/Twanda

On the nomination form for Mark Schroeder's agreement, it requests to
backdate the salary to March 1st, even though the effective date of the
agreement is not until June 1st. Can this be incorporated into the agreement
or do we need to do a side letter to Mark?

Thanks
Tara


In follow-up of my earlier email, please be advised that:
 We have received the executed Transfer and Termination Agreement, dated as
of May 1, 2000,  between ENA and Cross Timbers OIl Company ("Cross
Timbers").   This agreement transfers all of the outstanding Transactions
under the Master Agreement between Mega Natural Gas Company, L.L.C. ("Mega")
and ENA, dated as of February 2, 1999 (the "Mega Master Agreement") to the
Master Swap Agreement dated as of January 1, 1995 between ENA and Cross
Timbers.  It also terminates the Mega Master Agreement as of May 1, 2000.
 Copies will be distributed.

----- Forwarded by Susan Flynn/HOU/ECT on 05/22/2000 10:44 AM -----

	Susan Flynn
	05/12/2000 05:13 PM

		 To: Jefferson D Sorenson/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Andrea R
Guillen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, David P Dupre/HOU/ECT@ECT,
Chris Walker/HOU/ECT@ECT, Jarrod Cyprow/HOU/ECT@ECT, Pamela
Sonnier/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Souad
Mahmassani/Corp/Enron@ENRON, Gordon Heaney/Corp/Enron@ENRON, Kevin
Meredith/Corp/Enron@ENRON, Derek Bailey/Corp/Enron@ENRON, Bruce
Mills/Corp/Enron@ENRON, Jean Bell/HOU/ECT@ECT, Harry Bucalo/HOU/ECT@ECT,
Charlie Hoang/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Rod
Nelson/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, John
Suttle/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Molly
Harris/HOU/ECT@ECT, Christopher Smith/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT,
Molly Harris/HOU/ECT@ECT, Kevin P Radous/Corp/Enron@Enron@ECT, Veronica
Espinoza/Corp/Enron@ENRON, Edward Sacks/Corp/Enron@Enron, Wendi
LeBrocq/Corp/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Carol
St Clair/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Marilyn
Colbert/HOU/ECT@ECT, Yolanda Cordova-Gilbert/HOU/ECT@ECT, Diane
Ellstrom/HOU/ECT@ECT, Lynn E Shivers/HOU/ECT@ECT, Willie Harrell/HOU/ECT@ECT,
Bill D Hare/HOU/ECT@ect, Jason Moore/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT,
Dianne Seib/CAL/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Anthony
Campos/HOU/ECT@ECT, Julie Meyers/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT,
Bernice Rodriguez/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, Karen
Lambert/HOU/ECT@ECT, Willie Harrell/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT,
Carrie Southard/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT, Amber Ebow/HOU/ECT@ECT, Adnan
Patel/Corp/Enron@ENRON, Stephanie Sever/HOU/ECT@ECT
		 cc:
		 Subject: Mega Natural Gas Company, L.L.C.  /  Cross Timbers Oil Company

 We received a copy of an Assignment, effective as of May 1, 2000,  between
Mega Natural Gas Company, L.L.C. ("Mega") and Cross Timbers Oil Company (the
"Cross Timbers") wherein Mega assigned the Transactions outstanding under the
Master Agreement dated February 2, 1999 between ENA and Mega to Cross
Timbers.

 1. The Master Agreement between Mega and ENA, dated as of February 2, 1999
(the "Mega Master Agreement") will be inactive.   NO TRADES SHOULD BE DONE
UNDER THIS MASTER AGREEMENT.

 2. All trades should be done under the Master Agreement between Cross
Timbers and ENA, dated as of January 1, 1995 (the "Cross Timbers Master
Agreement").

 3. We have prepared a Transfer and Termination Agreement between ENA and
Cross Timbers whereby the Transactions under the Mega Master Agreement will
be transferred to the Cross Timbers Master Agreement and the Mega Master
Agreement will be terminated.   This document has been forwarded to Cross
Timbers for execution.  Once this document is executed by Cross Timbers, we
will terminate the Mega Master Agreement.

 In connection therewith, Cross Timbers Oil  Company notified us of the
following series of mergers:

  1. On May 1, 2000, Spring Resources, Inc., an Oklahoma corporation, and
Mega Natural Gas Company, L.L.C., an Oklahoma limited liability company, were
the owners of certain oil and gas properties (or undivided interests therein)
and contractual obligations (collectively, the &Properties8).

  2. On May 1, 2000, pursuant to a Certificate of Merger, each of Spring
Resources, Inc. and Mega Natural Gas Company, L.L.C., was merged into its
parent company, Spring Holding Company, a Delaware corporation.  Pursuant to
the merger, Spring Holding Company became the sole owner of the Properties.

  3. On May 10, 2000, pursuant to a Certificate of Merger, Spring Holding
Company was merged into its parent company, Redwine Holdings LLC, a Delaware
limited liability company.  Pursuant to the merger Redwine Holdings LLC
became the sole owner of the Properties.

  4. On May 10, 2000, pursuant to a Certificate of Merger, Redwine Holdings
LLC was merged into its parent company, Cross Timbers Oil Company, a a
Delaware corporation.  Pursuant to the merger, Cross Timbers Oil Company
became the sole owner of the Properties.

  5. After the mergers described above, Cross Timbers Oil Company is the sole
owner of the Properties formerly owned by Spring Resources, Inc. and Mega
Natural Gas Company, L.L.C.

  Copies of the documents will be distributed.


Chris-

Natasha's email address is:

textile@warlock.kharkov.ua

Send her a digital picture, and introduce yourself to her. Her sister speaks
fluent English, and will translate any difficult parts.

Clay


Do not update links when opening this file.

Let me know if you have any questions.

Laura Levy
EnronOnline
x53551


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

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

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

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

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

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

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

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

Next steps

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

Summary

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

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

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


Attached, please find SB 78 (Polanco) which is the Governor's new and
improved MOU.  This should be referred to Senate Energy today and heard as
soon as ??

http://info.sen.ca.gov/pub/bill/sen/sb_0051-0100/sbx2_78_bill_20010716_amend
ed_sen.pdf


met with her. very sharp.  how you doin'? hope you get a little time to
relax over thanksgiving.  best, ed g.

-----Original Message-----
From: Shapiro, Richard [mailto:Richard.Shapiro@ENRON.com]
Sent: Thursday, October 18, 2001 2:35 PM
To: edgillespie@quinngillespie.com
Subject: FW: Resume

Ed: Katherine is a bright, young( junior) communications professional
planning a move to D.C.---Thought you might be interested in her for the
firm. It would be much appreciated if you all could meet with her at the
very least. Thanks.

Rick,

Attached is Katharine McFall's resume.  She is scheduled to move to DC
in 2 weeks and is interested in setting up some informational interviews
in preparation of her arrival

Thanks.

Janel

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


Thanks Sharon!  df

	From:  Sharon Solon                           03/08/2001 07:43 AM

To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Organization Announcement

Congratulations and best wishes on your new position!
---------------------- Forwarded by Sharon Solon/ET&S/Enron on 03/08/2001
07:42 AM ---------------------------

	From:  Stan Horton, Chairman & CEO                           03/07/2001 10:57
PM

Sent by: ETS General Announcement
To: Enron Transportation Services Operations
cc:

Subject: Organization Announcement

Michael Moran, currently Managing Director and General Counsel for ETS, has
decided to retire after a distinguished 27-year career with Enron.;; Mike has
been a conscience and a statesman of our organization and it is hard for me
to imagine the ETS organization without Mike.;
;
Fortunately, Drew Fossum, currently Vice President and General Counsel for
Northern Natural Gas and Transwestern, has accepted my offer to become Vice
President and General Counsel of ETS effective April 1, 2001.; Drew will
relocate to Houston and report to me in his new role.
;
To assist with transition issues and special projects, Mike has agreed to
stay on board for several months as Managing Director and Special Counsel to
the Chairman and will continue to report to me.;;
;
Please join me in congratulating Drew on his new assignment and thanking Mike
for his many contributions to ETS and Enron.;


Hi JB,

I just wanted to follow up with you.  I have not seen the invoice for the work that you guys did on the new interconnect.  I'm concerned I may not be getting all my mail.  Have you sent it yet?  Just checking.

Thanks, Kim.


Yair:

Tracy and Tom Moore have come to an understanding regarding the "Transfer"
language for the ISDA Schedule and have agreed that AESC will propse language
for ENA to review.  We ask that you blackline that language in a final
blacklined document for us to review.

We need to execute the ISDA Master Agreement (the "ISDA") now.  I understand
that Joe Limone and Brent Hendry have been discussing contingent call options
and related documentation.  ENA would like to incorporate these potential
trades and other transactions under the new ISDA

If you prefer, ENA would be glad to take over the drafting of the ISDA.
Please let me hear from you.

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


That should be fine, as long as you keep to a general overview and
dissertation work.  You can talk about different modeling approaches in the
industry, and indicate, if asked, that Enron looks at all approaches but not
be specific about which particular one we believe in.

Can you give me more details on the meeting?  I may like to attend as well.

Thanks,
Vasant

Lance Cunningham@ENRON on 03/27/2001 10:37:02 AM
To: vkaminski@aol.com, Vasant Shanbhogue/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT
cc:
Subject: Panel session at 2001 PES Summer Meeting

Vince and Vasant,

I was asked by one of my advisors to be on a panel for the summer Power
Engineering Society.  I stated that I couldn't divulge any information on
modeling efforts at Enron but could give a general overview and cover my
dissertation work.  He stated that he understood and other companies had
expressed similar concerns.

I guess that I need your OK to attend this presentation and present.

Thanks,
Lance
---------------------- Forwarded by Lance Cunningham/NA/Enron on 03/27/2001
10:24 AM ---------------------------

"Martin L. Baughman" <baughman@mail.utexas.edu> on 03/27/2001 08:59:35 AM
To: shams.siddiqi@lcra.org, harry.singh@neg.pge.com,
lance.cunningham@enron.com, rosenberg@hotmail.com, "Camporeale, Robert"
<CamporealeR@conedenergy.com>
cc: baran@eos.ncsu.edu, liu@ee.washington.edu

Subject: Panel session at 2001 PES Summer Meeting

Gentlemen:

Thank you for agreeing to participate on the panel.  To comply with the
quality control requirements of the society I must request from each of you
the following:
1. Name, affiliation, and title of presentation as you want it listed in
program.

2. A 2-6 summary of the presentation.  These summaries will appear in the
proceedings.  Many speakers simply provide a few powerpoint slides that
contain this information, or alternatively, a few paragraphs of text
summarizing the points they intend to make in their presentations.

Please provide this information to me by April 2.

Here is the status of the panel so far.

Title:  Power Trading and Asset Management:  Tools of the Trade
Requested Day and Time:  Wed July 18 morning session

Summary
A number of sophisticated anlytical tools are used in support power trading
and asset management activities. These include various time-series,
stochastic, and physical models of quantities and prices, portfolio and
risk analysis tools, and other risk management tools.  In this panel, the
analytical approaches are surveyed and discussed.

Panelists:
Lance Cunningham/ confirmed
Manager, Research
Enron North America

Micahel Rosenberg/ confirmed
TXU

Shams Siddiqi/ confirmed
LCRA

Harry Singh/ confirmed
Director, Market Economics
PG&E National Energy Group

Robert Camporeale
ConEd Energy

Panel Organizer and Chair:
Martin L. Baughman
ECE Department
The University of Texas at Austin

Remember, by April 2.
Marty

Martin L. Baughman
ECE Dept.   ENS 348
The University of Texas at Austin
Austin, TX  78712
Ph. (512) 471-5376
Fax (512) 471-5532


Attached is another spreadsheet showing pending Entex deals.
Please advise as to which deals have confirms sent.

Thanks
Jennifer


All:  attached below is the repo - see Par. 4 for "Margin Maintenance"

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 06/04/2001 02:53 PM -----

	"Shanley, Gail" <gail.shanley@gs.com>
	04/17/2001 08:44 AM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>,
gail.shanley@gs.com
		 cc: ted.leh@gs.com
		 Subject: RE: Enron Credit Inc. ("ECI") consent

Sara -

I will look at your consent document today.
Attached please find the standard repo documentation used by Goldman.

Gail

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Tuesday, April 17, 2001 9:42 AM
To: gail.shanley@gs.com
Cc: ted.leh@gs.com
Subject: Enron Credit Inc. ("ECI") consent

Gail:

The commercial team is pressuring for a fairly quick implementation of a
repo agreement.  If the consent which I sent yesterday is not satisfactory,
please advise as soon as possible so that I can obtain a repo specific
consent.  Also, could you please submit repo documents to me for review.

I do not know who may have contacted you from the London group (Enron
Credit Ltd.) but we can surely coordinate.  That entity should have its own
form of unanimous consent or resolution.

Thanks for your help.

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 04/17/2001 08:36 AM -----

                    Sara

                    Shackleton           To:     gail.shanley@gs.com

                                         cc:

                    04/16/2001           Subject:     Enron Credit Inc.
("ECI") consent
                    02:36 PM

Gail:

Attached is a form of ECI unanimous consent.  Will you accept fhis for the
purpose of signing a repo agreement and transacting thereunder?  Please let
me know.

Also, you can email repo documents to me.

Thanks.

(See attached file: Resolution - ECI.doc)

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

 - p4233104a.pdf
 - p4233104b.pdf


Attached is a newly revised Credit Watch listing.  If there
are any personnel in your group that were not included in this distribution,
please insure that they receive a copy of this report.

To add additional people to this distribution, or if this report has been
sent to you in error, please contact Veronica Espinoza at x6-6002.

For other questions, please contact Bill Bradford at x3-3831, Russell Diamond
at x5-7095, Brant Reves at x3-9897, Veronica Espinoza at x6-6002 or the
Global Credit Hotline at x3-1803.


Brian:

Thanks for your memo.  Let me add the following comments.  There should be a
chapter on the retail settlement with the key parties listed.  Tom Beach and
Vernon should be added to the chapter on impact on electric generators.  The
Core Interstate Unbundling section where you list TXU and Shell was, I
believe, originally supposed to include program benefits for the core
aggregators as well, and you should add Enron to the list for that Chapter.
Let me know if you concur with my recollection.  Thanks, Mike Day

-----Original Message-----
From: Cherry, Brian - TPBKC [mailto:BCherry@sempra.com]
Sent: Tuesday, April 18, 2000 11:17 AM
To: Cherry, Brian - TPBKC; 'Leslie, John'; 'Elsesser, Evie'; 'McCrea,
Keith'; 'Pocta, R. Mark'; 'Dasovich, Jeff'; 'Beach, Tom'; 'Burkholder,
John'; 'Amirault, Paul'; 'Alexander, Michael'; 'Chancellor, Craig';
'Dingwall, B.'; 'Douglass, Dan@SES'; 'Fawcett, Jeff'; 'Porter, Doug';
'Rochman, Michael'; 'Counihan, Rick'; 'Bayless, David'; 'Day, Mike'; 'Paul,
Joe'; 'Jimison, John'; 'Foss, Robert'; McVay, Nancy W - TPNWM; 'Ramirez,
Jaime'; 'Black, Larry'; 'Gileau, Pat'; 'Johnson, Pamela'; 'How-Downing,
Lindsey'
Cc: Lorenz, Lad - TPLPL; Nelson, Eric B. - TPEBN; Morrow, Rick - TP3RMM;
Sullivan, Glen J.; Follett, B. David - TPDBF; Freeman, Kimberly; Hubbard,
Lisa J.; Angeles, Zenee G. - TPZGA; Schavrien, Lee; Reed, William; Brill,
Thomas R.; Van Lierop, Jan - TP2JXV; Smith, Anne S. - TPASS; Harrigan, James
P. - TP1JPH; Surak, Thomas M. - TP1TMS; Fair, Pam; Sakarias, Wayne P.;
Purves, Ralph A.; Fong, Ed; Angeles, Zenee G. - TPZGA; Van Lierop, Jan -
TP2JXV; Wright, Gillian - TP1GXW; Watson, Steven - TP2SAW; Betonte, Robert -
TP2RSB; Barker, David - TPDTB; Peterson, Lorraine - TP1LMP; 'Martin
Collette1'; 'Leitzinger, Jeff'
Subject: May 5 Testimony Preparation GIR/NGS

As you know, ALJ Biren has established May 5 as the date that testimony is
due in support of all settlements filed on April 3 and April 17.  While she
may offer additional guidance at the PHC on April 24, we need to start the
process of formalizing the testimony supporting the Comprehensive Settlement
Agreement.

We have already identified the content and parties responsible for drafting
the testimony (as identified below).  The testimony will be based on a "hub
and spoke" approach, where SoCalGas will focus on the mechanics of
unbundling, describing in detail how the capacity and retail unbundling
process will work, with other parties filing testimony that complements
SoCalGas' testimony while offering the parties individual perspective on why
the settlement is in the public interest and benefits customers, the state
of California, mom and apple pie - you get the picture.  In addition, I
would like to suggest the following deadlines for getting testimony prepared
and circulated so that all of the signatories to the settlement agreement
have an opportunity to review and comment appropriately on the drafts.  I
suggest we adhere to the following schedule:

April 25  Draft Outlines of Testimony  (Optional)
April 28  1st Draft Testimony
May 2    2nd Draft Testimony
May 5    File Testimony w/Commission

I think that it is essential that we circulate the draft testimony twice so
that everyone knows what will be filed on the May 5.  The schedule is
compressed, but we have to operate within the time parameters we've been
given.   The testimony assignments are identified below.  There has been one
change from what we had agreed to previously.  SoCalGas will sponsor a
witness on the "Concepts of Unbundling".  I would also like to suggest that
we file the testimony a one comprehensive document.   I have suggested a
chapter-style format that might work, but I am open to suggestion.  Let me
know what you think.

Chapter 1    SoCalGas                        Concepts of Unbundling

Chapter 2    SoCalGas                        Mechanics of Unbundling -
Capacity
Chapter 3    SoCalGas                        Mechanics of Unbundling -
Retail

Chapter 4    ORA                                Unbundling Policy and Core
Impacts
Chapter 5    WGS/WHP/Enron            Transmission, Storage and Balancing
Chapter 6    Edison/Calpine/Dynegy     Pricing and Benefits to Electric
Generators
Chapter 7    TXU/Shell                         Core Interstate Capacity
Unbundling
Chapter 8    Transwestern                    Primary and Secondary Receipt
Point Access
Chapter 9    Indicated Producers          Open Season and Impacts on
California Production
Chapter 10  Calpine                            Metering Program


Vince,

Here is my edited version of the software license agreement.    Can you read
it once before I forward it for internal approval?   I specified that the
$100,000 covers a single  user  perpetural license,  access to source after
one year,  and covers maintenance and support for one year.

Any suggestions?

--Stinson


early this week i hope

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:30 AM
To:	Maggi, Mike
Subject:	RE:

okay, I will...this week!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:29 AM
To:	Rybarski, Amanda
Subject:	RE:

prove it

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:28 AM
To:	Maggi, Mike
Subject:	RE:

you are the big cheese to me baby!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:27 AM
To:	Rybarski, Amanda
Subject:	RE:

i dont really know what he is going to do, i thought i was always the big cheese

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:26 AM
To:	Maggi, Mike
Subject:	RE:

REALLY, where is he going? Are you going to be the big cheese now?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:25 AM
To:	Rybarski, Amanda
Subject:	RE:

i am staying also but john is not

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:25 AM
To:	Maggi, Mike
Subject:	RE:

no he's staying...what about you?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:24 AM
To:	Rybarski, Amanda
Subject:	RE:

me too, is chris leaving

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:24 AM
To:	Maggi, Mike
Subject:	RE:

I wish...that would be my dream job!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:23 AM
To:	Rybarski, Amanda
Subject:	RE:

really, so who then, me?

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:23 AM
To:	Maggi, Mike
Subject:	RE:

yeah, but I don't know for who...I don't think I will be working for Chris.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:22 AM
To:	Rybarski, Amanda
Subject:	RE:

im glad to hear that, so are you going to be doing the same thing

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:21 AM
To:	Maggi, Mike
Subject:	RE:

Not at all...I just now got my offer letter...FINALLY.  What about you? Anything exciting?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:20 AM
To:	Rybarski, Amanda
Subject:

anything exciting going on over there


Many of you have inquired about January reimbursements to 2002 flexible spending accounts.  Aon Consulting, Enron's flexible spending account administrator, has experienced some processing delays.  Aon has encountered difficulty in retrieving spending account deduction information, and some deductions are not appearing in Aon's records.  Enron Benefits is working with our IT group to help Aon resolve this issue.  Also, unprecedented activity at the end of 2001 flooded Aon with year-end claims.  Aon has assured us that 2001 reimbursements are now up-to-date, and that they began processing 2002 reimbursements on Monday, February 4.

Questions regarding flexible spending accounts can be directed to georgia.fogo@enron.com.


The GE facility agreements are nearing completion.  There will be facility
agreements for Fountain Valley (aka PSCO) and for LV Co Gen.  The form is
attached for your review.

In addition to the facility agreements, the parties will execute the override
letters, in the form we developed last month.   Here is the override letter:

Please advise if there are any issues which need to be addressed.

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 01/04/2001 12:29
PM ---------------------------

"Thompson, Peter J." <peterthompson@akllp.com> on 01/04/2001 08:13:18 AM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc: "Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Chris"
<chriscobb@akllp.com>

Subject: Fountain Valley/GE Facility Agreement and Exhibits

Attached please find the Fountain Valley/GE Facility Agreement and
Exhibits, as well as blacklines (the first two documents) showing
changes from the form documents.

To complete each, we will need:

1. The contact information for Sections 6.7.2, 25.1 and 25.3 of the
Agreement.

2. Please have the business team confirm the Purchase Amount and
the Guaranteed Delivery Dates.  The information that I pulled off of the
spreadsheet that you provided (which is the information incorporated in
the Agreement) is inconsistent with the information that Alan Larsen
provided.

3. Do we want to use the Exhibit B-1 (Specification) from the
original West LB Agreement for this deal?

4. Do we need Exhibit R (Schedule of Witness Test Points)?

5.  Exhibit H will be attached prior to execution.
 <<E-Next Generation Agt - Comparison of Form to Current.DOC>>
<<Fountain Valley Exhibits - Comparison of Form to Current.DOC>>
<<Fountain Valley Turbine Agreement.DOC>>  <<Fountain Valley/E Next
Generation Exhibits.DOC>>
 - E-Next Generation Agt - Comparison of Form to Current.DOC
 - Fountain Valley Exhibits - Comparison of Form to Current.DOC
 - Fountain Valley Turbine Agreement.DOC
 - E Next Generation Exhibits.DOC


Please launch the attached invitation.


I need the  phone number for Tom Heatherington (sp?) at Bracewell in Houston.
Someone should have a directory.

Kay


Stephanie:

Do we control the drafting?


Please see the attached Management Report for June 26, 2000:

Total  Today Year To Date Life To Date

Number of Transactions  2,385 165,717 170,718
Gross Notional Value $  1,161,577,352 77,934,052,694 79,148,739,267
(The above value numbers do not include UK Power due to severe system issues.)

Revenue from Physical flows to date ($)  4,760,181,617 4,855,933,109

New Counterparties transacting today  5
Counterparties having transacted to date  378

Also attached is the Public Domain Report, containing information which is
intended for use in presentations or reports which will be seen by
individuals outside Enron:

Total Life to Date Transactions   > 169,000, which is > 52 % of Enron,s
current transactions for the month
Average Daily Transactions    > 2,000
Life to Date Notional Value of Transactions > $78 billion
Average Daily Notional Value    = Approximately $1 billion, which is 45% of
Enron,s Notional Volume
Number of Products Offered Each Day  = Approximately 820


-----Original Message-----
From:  Doukas, Tom
Sent: Friday, May 11, 2001 11:12 AM
To: Panus, Stephanie
Subject: GUARANTY LETTER


--

(See attached file: pie.jpg)

(See attached file: pie.jpg)

 - pie.jpg


FYI, note the top of the right-hand column of page 3 of today's Morning
Report (attached).  A local Republican newsletter has suggested that Lockyer
apologize to Dr. Lay and "return $10,000 in campaign cash."

 - Report.pdf


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/19/2001 04:28 PM ---------------------------
From:	Iris Mack/ENRON@enronXgate on 04/19/2001 03:22 PM
To:	Scott Salmon/EU/Enron@Enron, Amitava Dhar/Corp/Enron@ENRON
cc:	Craig Chaney/HOU/ECT@ECT, Mike Mumford/LON/ECT@ECT, Eric Kirkpatrick/EU/Enron@Enron, Richard Brent/EU/Enron@Enron, Ben Parsons/LON/ECT@ECT, George Albanis/LON/ECT@ECT, Vasant Shanbhogue/ENRON@enronXgate, Vince J Kaminski/HOU/ECT@ECT
Subject:	RE: D&B Contact Names

Hi again,

	As, I stated is a prior emails, the contact details for the RiskCalc folks are as follows:

1.  Marc Brammer
Director of Strategic Sales
tel:  800.523.2627, x5706
mbrammer@MoodysRMS.com

2. Neal Clark
Vice President
Tel:  800.523.2627, x5701
nclark@MoodysRMS.com

	Neal said that he would be willing to set up a meeting between us and their quants to better understand their model, the various inputs and whether or not the model can be tweaked for less than the 17 specified inputs.

	Let me know if you guys wish to have Neal set up a conference between Moody's quants and Enron folks in Houston and London.

Ciao,
Iris

 -----Original Message-----
From: 	Salmon, Scott
Sent:	Thursday, April 19, 2001 3:00 PM
To:	Mack, Iris; Dhar, Amitava
Cc:	Chaney, Craig; Mumford, Mike; Kirkpatrick, Eric; Brent, Richard; Parsons, Ben; Albanis, George
Subject:	RE: D&B Contact Names

Iris/Amitava,

I may have already said this, but we've had so many e-mails and telephone calls flying back and forth that I wanted to make sure I at least got this much out to you.  Clearly, I would like you to set up the meeting with the RiskCalc gurus to dig deeper into their methodology (as much as they'll tell) and the impact of missing variables and any other idiosyncracies the model may have.  Also try to get a better feel for how well they think the model extends to other countries.  I know from a previous conversation with Lea Carty and reading about the model that it was calibrated off North American names but they suspect it might extend to other countries.  Conversely, I know they are working efforts within Moody's Risk Management Services to develop private (and probably public) firm models specific to regions.  One they mentioned was Australia and also within Western Europe.  Data, as always, was the issue.  See if the quants have any perspective on their success/plan in that area.

Lastly, we truly appreciate the aggressive efforts you both have made toward pushing off this private model initiative and I'm very confident we'll be able to nail a firm plan down upon receipt of either D&B and/or Experian data.

Cheers,
Scott
---------------------- Forwarded by Scott Salmon/EU/Enron on 19/04/2001 20:51 ---------------------------

Mike Mumford@ECT
19/04/2001 17:55
To:	Scott Salmon/EU/Enron@Enron
cc:

Subject:	RE: D&B Contact Names

---------------------- Forwarded by Mike Mumford/LON/ECT on 19/04/2001 17:59 ---------------------------
From:	Iris Mack/ENRON@enronXgate on 19/04/2001 09:23 CDT
To:	Mike Mumford/LON/ECT@ECT
cc:	Amitava Dhar/Corp/Enron@ENRON

Subject:	RE: D&B Contact Names

Hi,

	Two RiskCalc sales people made a presentation this week about their product.

	They stated that they could set up a meeting with their quants and our people to discuss the model input and what happens if we have less than 17 inputs.

Regards,
Iris

 -----Original Message-----
From: 	Mumford, Mike
Sent:	Thursday, April 19, 2001 1:37 AM
To:	Mack, Iris
Subject:	RE: D&B Contact Names

Ooops... part II.

I just threw out 12 as a number for something we might develop... it's really not based on anything.  We know 17 will work for pre-packaged programs.  We also know there will be a great number of names with less than the full 17... I assume we would pursue another model (internal or external) to provide probably less accurate numbers but at least available for names with fewer inputs.

Mike

From:	Iris Mack/ENRON@enronXgate on 18/04/2001 15:02 CDT
To:	Mike Mumford/LON/ECT@ECT
cc:	Amitava Dhar/Corp/Enron@ENRON, Scott Salmon/EU/Enron@Enron, Eric Kirkpatrick/EU/Enron@Enron

Subject:	RE: D&B Contact Names

Hi Mike,

	Thanks for your email.

	What do you mean by "buying blind  all major data associated with these specific DUNS numbers"?

	I am puzzled about why you would be looking at 17 vs 12 fields.  I know RiskCalc requires 17 inputs and seem to apply that the model does not work for less than 17.  Yesterday the RiskCalc sales people could not guarantte that their model would work for less than the required 17 data inputs.  They suggested that this would be a question to direct towards their quants who developed the model.

Regards,
Iris

 -----Original Message-----
From: 	Mumford, Mike
Sent:	Wednesday, April 18, 2001 1:20 PM
To:	Mack, Iris
Cc:	Dhar, Amitava; Salmon, Scott; Kirkpatrick, Eric
Subject:	RE: D&B Contact Names

Iris,

Thanks.

After our meeting we stuck around to discuss things a little further.

Specifically with respect to global counterparty names... we have DUNS cross-references on about 70 of active names (13k out of 18.5k).  We could greatly accellerate purchase of some useful data by buying blind all major data associated with these specific DUNS numbers.

Pro  -  Data gets in on names we know we want to review ASAP, but without resolution on which specific fields are most useful.  We also get to test for completeness of data (how many have all 17 fields... how many have only 12 of which fields, etc.).

Con  -  Costs could be significantly higher... buying info we don't know we need (converse of buying only the 17 fields doesn't seem best answer).  We would end up buying additional info later... overhead costs and piecemeal buying will increase costs.  IT development time would be greatly increased... multiple file formats... developing to unknown maximum size, etc.... redoing when more data is purchased.

Any thoughts.

Mike

<Embedded Picture (Device Independent Bitmap)>


Sally asked that I forward the detail of the "killed" EOL transactions to
both of you.  We have emphasized the importance of stressing to our customers
that a deal transacted via EnronOnline is a binding/legal transaction, but we
have continued to see a few of these deals occur.  In summary, we have had a
total of 33 killed transactions since inception, the majority of which have
been with Aquila (5), Koch (8), and internal trades (13).  Obviously, the
ones that concern us the most are those transactions with third parties, and
most of these have been due to claimed web latency and transactions not
appearing on the customer's summary report.  It is important to stress to the
Commercial team that the way to "get out of a trade" is to do an offsetting
trade or have our Legal Dept prepare a termination agreement.  Please feel
free to pass my name on to your respective groups as a point of contact to
work with Legal in the case of a terminated deal.

Feel free to call me with any questions (x36557).

Sheri


Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 02/14/2001 10:57 PM -----

	"Beiser, Megan" <Megan.Beiser@edelman.com>
	02/14/2001 04:06 PM

		 To: "Aaron Thomas (E-mail) (E-mail)" <athomas@newenergy.com>, "Andrea Weller
(E-mail) (E-mail)" <aweller@sel.com>, "andrew Chau (E-mail) (E-mail)"
<anchau@shellus.com>, "Bill Chen (E-mail) (E-mail)" <bchen@newenergy.com>,
"Douglas Oglesby (E-mail) (E-mail)" <doao@chevron.com>, "Fairchild, Tracy"
<tracy.fairchild@edelman.com>, "Jeffrey Hanson (E-mail) (E-mail)"
<jeff.hanson@phaser.com>, "jennifer Chamberlin (E-mail) (E-mail)"
<jnnc@chevron.com>, "john Barthrop (E-mail) (E-mail)"
<jbarthrop@electric.com>, "John Leslie (E-mail) (E-mail)" <jleslie@luce.com>,
"Joseph Alamo (E-mail) (E-mail)" <jalamo@enron.com>, "Manuel, Erica"
<Erica.Manuel@edelman.com>, "'Michael Nelson' (E-mail)"
<mnelson@electric.com>, "Peter Bray (E-mail) (E-mail)" <pbray@newpower.com>,
"Rebecca Schlanert (E-mail) (E-mail)" <rschlanert@electric.com>, "Richard
Counihan (E-mail) (E-mail)" <rick.counihan@greenmountain.com>, "'Robert
Morgan' (E-mail)" <rmorgan@newenergy.com>, "Sue Mara (E-mail) (E-mail)"
<smara@enron.com>
		 cc:
		 Subject: Governor Davis Announces Bill Package to Increase Renewable Energ
y, Distributed Generation and Co-generation

> The Governor held his press conference today at the co-generation plant at
> the University of California Medical Center in Sacramento.
>
> All local TV, print and radio news media outlets sent representatives.
>
> Although the focus of the news conference was supposed to be introduction
> of a legislative package promoting renewable energy, distributed
> generation and co-generation, it quickly turned to how the Governor will
> deal with the possible bankruptcy of the utilities.  The Governor said
> that it has "become increasingly obvious" to him that the best solution to
> the utilities' financial problems is the "acquisition of transmission
> lines."  He noted that the transmission lines are the utilities "most
> significant asset" and would be something the public would be able to get
> value from "in perpetuity."  He said the arrangement will likely be a
> "lease" of the utilities' lines, with the companies continuing to maintain
> them, "to capture [the utilities'] expertise."  Details of this plan will
> be announced on Friday, the Governor said.  The time and place for this
> announcement have yet to be released.
>
> The Governor later said he felt the utilities' parent/holding companies
> should "be part of the solution" so there would be "shared pain" in
> reaching a solution.
>
> The Governor said he suspected that acquisition of the transmission lines
> will involve the sale of revenue bonds, but he "didn't have enough wisdom"
> when asked about it to give a firm answer.  He said he believed he would
> have that wisdom on Friday.
>
> The Governor also commented on his plan to police and/or fine business
> establishments that keep their lights on after business hours.  He said he
> would announce a finalized plan on or around Mar. 15, a specific program
> to reduce by 50-70% the amount of energy used by retailers after-hours.
>
> The Governor did outline the legislative package designed to promote
> renewable energy, distributed generation and co-generation through
> incentives, rebates and tax credits.
>
> The package contains:
> 1.) "Rebate Increase Bill": "Emerging Renewable Resources Account of the
> Renewable Resource Trust Fund" = $50 million to increase rebates for
> renewable distributed generation systems smaller than 10 kilowatts (this
> money will come from the General Fund)
>
> 2.) Tax Credit Bill: SB 17X (Brulte): A 50% tax credit for the purchase
> and installation of renewable distributed generation systems larger than
> 10 kilowatts and up to 200 kilowatts for large facilities such as
> apartment complexes and businesses.
>
> 3.) Renewable Energy Loan Guarantee Program: AB 53X (Reyes): $50 million
> for a commercial loan guarantee program for renewable power systems,
> distributed generation and co-generation facilities.
>
> 4.)Retrofitting of Distributed Generation Facilities: This proposal will
> provide $20 million to achieve 40 MW of reduced peak load through
> retrofitting of natural gas distributed generation units at municipal
> water districts to improve environmental performance.  This involves
> retrofitting diesel and dirty natural gas generators with clean natural
> gas technology.
>
> 5.)Legislation to Exempt Microgeneration and Renewable Facilities Less
> than 1 MW from Standby Charges: Elimination of the standby charges paid by
> distributed generation end-use customers to the Investor Owned Utilities.
> This includes small co-generation facilities and only applies to units
> that generate less than one megawatt.
>
> ***********************************
>
> Please find the text of the Governor's press release for this news
> conference below:
>
> FOR IMMEDIATE RELEASE
> 02/14/2001 2:00 pm
>
> GOVERNOR DAVIS ANNOUNCES BILL PACKAGE TO INCREASE RENEWABLE ENERGY,
> DISTRIBUTED GENERATION AND CO-GENERATION
>
> SACRAMENTO
>
> Governor Gray Davis today announced a legislative package to provide
> incentives to power up more renewable energy, distributed generation and
> co-generation to help meet California's energy challenge.
>
> "By investing in renewable energy sources, clean distributed generation
> and co-generation, we can increase our energy supply without taking power
> away from the grid," Governor Davis said. "My generation plan contains the
> most ambitious renewable energy program in the nation."
>
> Distributed generation and co-generation are powerful tools for meeting
> California's power needs. These types of facilities reduce demand on the
> state power grid. They also provide energy independence from the
> Independent Systems Operator and the volatile spot market; advanced
> technology that creates jobs as well as power; and reliable energy sources
> that respect the environment.
>
> Governor Davis' legislative package for distributed generation,
> co-generation and renewable energy includes:
>
>
> 1.   $50 million to increase rebates for renewable distributed generation
> systems smaller than ten kilowatts.
> 2.   A 50% tax credit for the purchase and installation of renewable
> distributed generation systems larger than 10 kilowatts and up to 200
> kilowatts for large facilities such as apartment complexes and businesses.
> This will be carried in SB 17x by Senator Jim Brulte (R-Cucamonga).
> 3.   $50 million for a commercial loan guarantee program for renewable
> power systems, distributed generation and co-generation facilities. This
> will be carried in AB 53x by Assemblymember Sarah Reyes (D-Fresno).
> 4.   $20 million for retrofit of distributed generation owned by
> municipal water districts to improve environmental performance. This
> involves retrofitting diesel and dirty natural gas generators with clean
> natural gas technology.
> 5.   Elimination of the standby charges paid by distributed generation
> end-use customers to the Investor Owned Utilities. This includes small
> co-generation facilities and only applies to units that generate less than
> one megawatt.
>
>
> The Davis Administration will work closely with legislators to pass
> legislation to implement these proposals.
>
> Co-generation is the simultaneous generation of electricity and heat or
> steam, usually on an industrial site. Typically, the electricity is sold
> to the grid and the heat or steam is used onsite in the industrial process
>
> Distributed generation is a term used for a decentralized approach to
> generating electricity. Generally, the electricity is generated on the
> site where it is being used. It can include renewables (such as solar or
> wind power), fuel cells, and micro-generators.
>
> Governor Davis made his announcement at the UC Davis Medical Center
> Co-Generation Plant in Sacramento. The plant supplies not only all of the
> electricity for the but all of the heating and cooling, for the UC Davis
> Medical Center. It produces 26 MW of power. Since the Medical Center needs
> less than half of that, the excess power is sold back to the ISO, which
> pays the Center's utility bills.
>
> "The UC Davis Medical Center Co-Generation Plant is a self-sufficient
> facility," Governor Davis added. "It is an efficient facility. It is a
> clean facility. And it is the kind of facility that we need a lot more of
> to meet our peak energy demands."
>
> Governor Davis' energy plan relies on three elements: stabilization,
> conservation and generation. The Governor is working with legislative
> leadership on a stabilization plan for the State's Investor Owned
> Utilities. Over the last several weeks, Governor Davis unveiled an
> aggressive plan for energy conservation that will help reduce demand and
> keep costs down and a plan to dramatically increase the supply of produced
> and sold in California.
>
>
> ###
>
>


Lindy,

I hope this is what you need.

Paul


---------------------- Forwarded by Li Sun/NA/Enron on 01/29/2001 11:18 AM
---------------------------
From: Drew Ries/ENRON@enronXgate on 01/29/2001 11:15 AM
To: Li Sun/NA/Enron@Enron
cc:

Subject: RE: EOL competitors

Li,

Globally there are probably over 80 "competitors" to EOL.  None of these
competitors have a meaningful market share.  Some of the names that jump to
mind are the following, but it should be easy to find others by surfing the
web.  Good luck.

Drew

Dynergy Direct
Houston Street
Altra
True Quote
Intercontinental Exchange
eNYMEX
Coral Connect
Koch Energy
epetroleum.com
Red Meteor
Trade Spark
American Petroleum Exchange
Fuel Spot


I think we should let people in the legislature know about this and see if
one or more of them can get their hands on it.

From: Richard B Sanders@ECT on 05/06/2001 10:40 AM
To: James D Steffes/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron
cc:

Subject: Hendricks

Any thoughts?
----- Forwarded by Richard B Sanders/HOU/ECT on 05/06/2001 10:39 AM -----

	"Michael Kirby" <mlk@pkns.com>
	05/04/2001 06:00 PM

		 To: <Richard.b.sanders@enron.com>
		 cc: <Gfergus@brobeck.com>, <Rgibbs@gibbs-.com>, "David Noonan" <djn@pkns.com>
		 Subject: Hendricks

The complaint,albeit brief, filed May 1 in San Diego Superior Court by
Strategy Integration, Inc versus Michael Aguirre and the other Hendricks
plaintiffs' attorneys is quite extraordinary in its disclosure. A hard copy
is being faxed. The expert firm alleges they were "retained...to explain,
research, and investigate potential claims of gaming and collusion by energy
providers who supply electricity to the California Energy Market ...[and]
...retained to perform utility and energy consulting services." After
alleging that the Hendricks attorneys "refused to pay Plaintiffs' first
billing"  it is alleged that"defendants' refusal may have resulted from the
conclusions Plaintiff drew in its analysis." We should consider if there is
there a way to get this filing to Senator Dunn's office or a more friendly
Senator  without identifying us as the source,.They can see what some expert
in the field  hired by the plaintiffs'  class action lawyers apparently
concluded on their own about the claims of gaming and collusion. I suspect
that  Sen Dunn has no interest but some Republican Senator might have some
use for it. It could  have some value if the hearings go forward. This is not
urgent timewise but I wanted to bring it to your attention.

The information contained in this e-mail message and any accompanying
documents is subject to the attorney-client privilege and/or the attorney
work product rule and is confidential business information intended only for
the use of the individual or entity named above.  If the reader of this
message is not the intended recipient or representative of the recipient, you
are hereby notified that any dissemination of this communication is strictly
prohibited.  If you have received this communication in error, please notify
the Systems Administrator at admin@pkns.com and immediately delete this
message from your system.


Liz,

 Thanks. Shirley already acted on this.

Vince

Liz M Taylor
02/16/2000 08:37 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: Re: Monday Night Rodeo Suite - The Judds

Vince,

You are welcome to the twenty tickets if you like.  Please advise me asap.

Many Thanks,

Liz Taylor
x31935

Vince J Kaminski
02/15/2000 05:30 PM
To: Liz M Taylor/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Monday Night Rodeo Suite - The Judds

Liz,

I would be glad to use some tickets for the group members.

Vince

Liz M Taylor
02/15/2000 05:18 PM
To: Jeffrey A Shankman/HOU/ECT@ECT, James B Fallon/HOU/ECT@ECT, Jere C
Overdyke/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, George
McClellan/HOU/ECT@ECT, Lynda Clemmons/HOU/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Louise Kitchen/LON/ECT@ECT
cc:
Subject: Monday Night Rodeo Suite - The Judds

I have twenty suite tickets available for Monday night, February 21 rodeo
activities featuring "The Judds."  Please let me know if you would like to
utilize any of these tickets for your group and/or customers.

Many Thanks,

Liz Taylor


As an update, I have not heard from Terrence Kain re the GISB sent for review
on May 5th.  Have you had an occasion to discuss the GISB with them?

Do you want me to continue to pursue this agreement?

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


My computer is plugged in to my phone line so I can sit on the bed and work.
I feel puny now,  but maybe I'll feel better later.


As you are aware, Enron utilizes temporary staffing services to satisfy
staffing requirements throughout the company.  For the past several months, a
project team, representing Enron,s temporary staffing users, have researched
and evaluated alternative Managed Services programs to determine which source
would best meet our current and future needs in terms of quality, performance
and cost containment objectives.  The Business Unit Implementation Project
Team members are:

Laurie Koenig, Operations Management, EES
Carolyn Vigne, Administration, EE&CC
Linda Martin, Accounting & Accounts Payable, Corporate
Beverly Stephens, Administration, ENA
Norma Hasenjager, Human Resources, ET&S
Peggy McCurley, Administration, Networks
Jane Ellen Weaver, Enron Broadband Services
Paulette Obrecht, Legal, Corporate
George Weber, GSS

In addition, Eric Merten (EBS), Kathy Cook (EE&CC), Carolyn Gilley (ENA),
Larry Dallman (Corp/AP), and Diane Eckels (GSS) were active members of the
Selection Project Team.

As a result of the team,s efforts, we are pleased to announce the beginning
of a strategic alliance with CORESTAFF,s Managed Services Group.  This group
will function as a vendor-neutral management entity overseeing all staffing
vendors in the program scope. They will also provide a web based online
technology tool that will enhance the ordering and reporting capabilities.
The goal of our alliance with CORESTAFF is to make obtaining a temporary
worker with the right skills and experience easier while protecting the best
interests of the organization.

We plan to implement Phase I of this improvement effective January 2, 2001.
This Phase I of the implementation will encompass administrative/clerical
temporary workers at the Houston locations only. If you currently have
administrative/clerical temporary workers in your department, the enhancement
will not affect their position. In an effort to preserve relationships, all
current staffing vendors will be invited to participate in this enhanced
program.  CORESTAFF shares our commitment to minimize any disruptions in
service during this transition.

We expect to incorporate the administrative/clerical workers in Omaha,
Seattle and Portland in Phase II, which is scheduled for February, 2001.  The
scope and timing of any additional phases will be determined after these two
phases have been completed.

Realizing the impact that the temporary workforce has in business today, we
selected CORESTAFF,s Managed Services Group based on their exceptional
management team, commitment to quality service, and creative solutions to our
staffing needs.  The relationship promises to offer Enron a cost effective
and simple means for obtaining temporary employees.

In the coming weeks, Enron and CORESTAFF,s Managed Services Group will be
communicating to Enron,s administrative/clerical temporary staffing vendors
about the new process.

There are many benefits to this new Managed Services program, which are
outlined on the attached page.  More details on how to utilize CORESTAFF,s
Managed Services program will be announced soon and meetings will be
scheduled to demonstrate the reporting system and to meet the Managed
Services team.

What is Managed Services?

CORESTAFF,s Managed Services program includes:

? Vendor-neutral management model
? Equal distribution of staffing orders to all staffing partners
? Web-based application with online ordering, data capture and customized
reporting
? Benchmarking and performance measurement for continuous improvement
? Methodologies for accurate skill-matching and fulfillment efficiencies

Key Benefits

? More vendors working on each order from the outset ) faster access to
available talent pools
? Standardized mark-ups and fees to manage costs more effectively
? Online access to requisition status for users
? Robust databases offering managers enhanced tracking and reporting of
temporary usage and expenditures
? Standard and customized reporting capabilities -- online
? Tenured, experienced Managed Services team on-site to assist users in
accessing web site, identifying usage trends, preparing specialized reports,
etc.

Corestaff/Managed Services/Staffing

Joseph Marsh ) Lead / Operations (josephm@corestaff.com; 713-438-1400)
Amy Binney, Sharon B. Sellers ) Operations
Cherri Carbonara ) Marketing / Communications
Cynthia Duhon )Staffing Partner management


Today we announced the appointment of Jeff McMahon as Enron's chief financial officer.  In my continued discussions with the financial community yesterday and today, it became clear that this move was required to restore investor confidence.  Jeff has unparalleled qualifications and a deep and thorough understanding of Enron.  He is already on the job and hard at work on the issues before us.  Andy Fastow will be on a leave of absence from the company.

Jeff had been serving as chairman and CEO of Enron Industrial Markets. He joined Enron in 1994 and spent three years in the London office as chief financial officer for Enron's European operations.  Upon returning to the U.S., Jeff was executive vice president of finance and treasurer for Enron Corp.  In 2000, he was named president and chief operating officer of Enron Net Works.

I know all of you are concerned about the continuing decline in our share price.  I am too, and we are working very hard to turn it around.  Appointing Jeff as CFO is one important step in that process.  But most of the solution involves just continuing to do our jobs with excellence.  The fundamentals of our business are strong, and I think the market will begin to see that as we continue to perform.

Please join me in giving Jeff your full support, and thank you for all of your continued hard work.


Jay:
Jeff Hodge forwarded your voice mail to me.  I will give you a call later
this morning to talk about the LC margin language that you need.  It might
help me if you could describe how the margining will work.  Typically there
is some dollar threshold against  which our Exposure is measured and anything
over that threshold needs to be supported by collateral.  In addition, there
is usually some Material Adverse Change trigger that reduces the threshold to
zero.  Is that how yours will work?

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


---------------------- Forwarded by Sandra F Brawner/HOU/ECT on 04/12/2001
09:38 AM ---------------------------

"Jon Schnitzer" <jons@amerexenergy.com> on 04/12/2001 08:22:39 AM
To: "Suzann Schnitzer" <sschnitz@jcpenney.com>, "susan schnitzer"
<s.schnitzer@worldnet.att.net>, "Sandra F Brawner"
<Sandra.F.Brawner@enron.com>, <robert.k.rodriguez@db.com>, "Morris, Lamar
\(SUGARCREEK XGH 317\)" <LMorris1@pclient.ml.com>, "Mike Bilotti"
<michael.bilotti@capco.com>, <mhandler@natsource.com>, "lance jordan"
<lcjo@dynegy.com>, "keith taylor" <kata@dynegy.com>, <JSEGAUL44@aol.com>,
"john shaw" <john.shaw@glencore-us.com>, "jeremy davis" <jjda@dynegy.com>,
"Janet Schnitzer" <jrschnitzer@hotmail.com>, "gerardo ruiz"
<gee_ruiz@hotmail.com>, "diana hollier" <dhollier@energyusa.com>, "david
dunnavandt" <ddunnavant@reliantenergy.com>, "Chris Paul"
<cpaul@dwintegrated.com>, "chaw" <chaw@crcom.net>, "Brian York"
<byork@dwintegrated.com>, "anrew o ertel" <aertel@evomarkets.com>,
<allison_kushnick@mhhs.org>
cc:
Subject: Fw: Colin Powell's apology to China

----- Original Message -----
From: "Herb Lee" <herbl@amerexenergy.com>
To: "Jon Schnitzer" <jons@amerexenergy.com>
Sent: Thursday, April 12, 2001 7:58 AM
Subject: Fw: Colin Powell's apology to China

>
>

 - chinese2.jpg


EFF_DT PORTFOLIO_ID DOWN95
2/7/01  MANAGEMENT-COAL 0
2/7/01  MANAGEMENT-CRD 0
2/7/01  MANAGEMENT-GAS 1,502,364.
2/7/01  MANAGEMENT-PWR 171,642.
2/7/01  AGG-MANAGEMENT 1,561,696.


Good morning Kim ! ! !

I just wanted to send you a note to say "Hi"...  I hope you are doing great.  I am on the 37th floor, working with Global contracts (retail) ....  Maybe we can meet for lunch one day.

Have a good one!!!

Elizabeth


golf lesson saturday.  she said she knew you.  black hair, short.


THANKS VISH.  I will let you know if any more bugz show up.

 -----Original Message-----
From: 	Venkataswami, Vishwanatha
Sent:	Friday, November 09, 2001 9:05 AM
To:	Semperger, Cara; Bentley, Corry
Cc:	Luu, Duong; Smith, Will
Subject:	New Version of Pre Schedule Work Space is released

Cara/Corry,

Released new  Version of PreSchedWS.Exe (Ver 1.0.142) into Stage and production,
Fixes :
Overwriting Next Export on top is fixed
Repeating Warning Errors on  is Fixed

If you have any questions/fixes/suggestions/comments , Please let me know. I am happy to help you all.

Thanks,
Vish
x 53209


claim 9723